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CONVFINQA3552
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index as of the market close on september 30 , 2008 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . fiscal year ending september 30 . copyright 2013 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright 2013 dow jones & co . all rights reserved . *$ 100 invested on 9/30/08 in stock or index , including reinvestment of dividends . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 30 2008</td><td>september 30 2009</td><td>september 30 2010</td><td>september 30 2011</td><td>september 30 2012</td><td>september 30 2013</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 163</td><td>$ 250</td><td>$ 335</td><td>$ 589</td><td>$ 431</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 100</td><td>$ 93</td><td>$ 103</td><td>$ 104</td><td>$ 135</td><td>$ 161</td></tr><tr><td>4</td><td>s&p computer hardware index</td><td>$ 100</td><td>$ 118</td><td>$ 140</td><td>$ 159</td><td>$ 255</td><td>$ 197</td></tr><tr><td>5</td><td>dow jones us technology supersector index</td><td>$ 100</td><td>$ 111</td><td>$ 124</td><td>$ 128</td><td>$ 166</td><td>$ 175</td></tr></table> .\nQuestion: what was the difference in price for apple between 2008 and 2013?\nAnswer: 331.0\nQuestion: and the percentage growth?\nAnswer: 3.31\nQuestion: and the difference for the s&p computer hardware index over the same period?\n"
},
{
"role": "agent",
"content": "97.0"
}
] |
CONVFINQA1097
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 carrying amounts shown for the company 2019s cash and cash equivalents , accounts receivable and accounts payable approximate fair value because of the short term maturity of those instruments . the fair value of the long term debt approximates its carrying value based on the variable nature of interest rates and current market rates available to the company . the fair value of foreign currency forward contracts is based on the net difference between the u.s . dollars to be received or paid at the contracts 2019 settlement date and the u.s . dollar value of the foreign currency to be sold or purchased at the current forward exchange rate . recently issued accounting standards in june 2011 , the financial accounting standards board ( 201cfasb 201d ) issued an accounting standards update which eliminates the option to report other comprehensive income and its components in the statement of changes in stockholders 2019 equity . it requires an entity to present total comprehensive income , which includes the components of net income and the components of other comprehensive income , either in a single continuous statement or in two separate but consecutive statements . in december 2011 , the fasb issued an amendment to this pronouncement which defers the specific requirement to present components of reclassifications of other comprehensive income on the face of the income statement . these pronouncements are effective for financial statements issued for fiscal years , and interim periods within those years , beginning after december 15 , 2011 . the company believes the adoption of these pronouncements will not have a material impact on its consolidated financial statements . in may 2011 , the fasb issued an accounting standards update which clarifies requirements for how to measure fair value and for disclosing information about fair value measurements common to accounting principles generally accepted in the united states of america and international financial reporting standards . this guidance is effective for interim and annual periods beginning on or after december 15 , 2011 . the company believes the adoption of this guidance will not have a material impact on its consolidated financial statements . 3 . inventories inventories consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>december 31 , 2011</td><td>december 31 , 2010</td></tr><tr><td>2</td><td>finished goods</td><td>$ 323606</td><td>$ 214524</td></tr><tr><td>3</td><td>raw materials</td><td>803</td><td>831</td></tr><tr><td>4</td><td>total inventories</td><td>$ 324409</td><td>$ 215355</td></tr></table> 4 . acquisitions in july 2011 , the company acquired approximately 400.0 thousand square feet of office space comprising its corporate headquarters for $ 60.5 million . the acquisition included land , buildings , tenant improvements and third party lease-related intangible assets . as of the purchase date , 163.6 thousand square feet of the 400.0 thousand square feet acquired was leased to third party tenants . these leases had remaining lease terms ranging from 9 months to 15 years on the purchase date . the company intends to occupy additional space as it becomes available . since the acquisition , the company has invested $ 2.2 million in additional improvements . the acquisition included the assumption of a $ 38.6 million loan secured by the property and the remaining purchase price was paid in cash funded primarily by a $ 25.0 million term loan borrowed in may 2011 . the carrying value of the assumed loan approximated its fair value on the date of the acquisition . refer to note 7 for .\nQuestion: what was the difference between the inventory of finished goods of 2011 and 2010?\nAnswer: 109082.0\nQuestion: how much does that different represent, percentually, in relation to the inventory of received goods of 2010?\n"
},
{
"role": "agent",
"content": "0.50848"
}
] |
CONVFINQA2623
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n82 | 2017 form 10-k a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions , including positions impacting only the timing of tax benefits , follows . reconciliation of unrecognized tax benefits:1 years a0ended a0december a031 . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>years ended december 31 , 2017</td><td>years ended december 31 , 2016</td></tr><tr><td>2</td><td>balance at january 1,</td><td>$ 1032</td><td>$ 968</td></tr><tr><td>3</td><td>additions for tax positions related to current year</td><td>270</td><td>73</td></tr><tr><td>4</td><td>additions for tax positions related to prior years</td><td>20</td><td>55</td></tr><tr><td>5</td><td>reductions for tax positions related to prior years</td><td>-27 ( 27 )</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>reductions for settlements2</td><td>-9 ( 9 )</td><td>-24 ( 24 )</td></tr><tr><td>7</td><td>reductions for expiration of statute of limitations</td><td>2014</td><td>-4 ( 4 )</td></tr><tr><td>8</td><td>balance at december 31,</td><td>$ 1286</td><td>$ 1032</td></tr><tr><td>9</td><td>amount that if recognized would impact the effective tax rate</td><td>$ 1209</td><td>$ 963</td></tr></table> 1 foreign currency impacts are included within each line as applicable . 2 includes cash payment or other reduction of assets to settle liability . we classify interest and penalties on income taxes as a component of the provision for income taxes . we recognized a net provision for interest and penalties of $ 38 million , $ 34 million and $ 20 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively . the total amount of interest and penalties accrued was $ 157 million and $ 120 million as of december a031 , 2017 and 2016 , respectively . on january 31 , 2018 , we received a revenue agent 2019s report from the irs indicating the end of the field examination of our u.s . income tax returns for 2010 to 2012 . in the audits of 2007 to 2012 including the impact of a loss carryback to 2005 , the irs has proposed to tax in the united states profits earned from certain parts transactions by csarl , based on the irs examination team 2019s application of the 201csubstance-over-form 201d or 201cassignment-of-income 201d judicial doctrines . we are vigorously contesting the proposed increases to tax and penalties for these years of approximately $ 2.3 billion . we believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines . we have filed u.s . income tax returns on this same basis for years after 2012 . based on the information currently available , we do not anticipate a significant increase or decrease to our unrecognized tax benefits for this matter within the next 12 months . we currently believe the ultimate disposition of this matter will not have a material adverse effect on our consolidated financial position , liquidity or results of operations . with the exception of a loss carryback to 2005 , tax years prior to 2007 are generally no longer subject to u.s . tax assessment . in our major non-u.s . jurisdictions including australia , brazil , china , germany , japan , mexico , switzerland , singapore and the u.k. , tax years are typically subject to examination for three to ten years . due to the uncertainty related to the timing and potential outcome of audits , we cannot estimate the range of reasonably possible change in unrecognized tax benefits in the next 12 months. .\nQuestion: what was the net difference in the provision for interest and penalties from 2015 to 2016?\nAnswer: 14.0\nQuestion: what was the value in 2015?\nAnswer: 20.0\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "0.7"
}
] |
CONVFINQA10467
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nchanges in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( thous. )</td><td>weighted-averagegrant-date fair value</td></tr><tr><td>2</td><td>nonvested at january 1 2009</td><td>873</td><td>$ 50.70</td></tr><tr><td>3</td><td>granted</td><td>449</td><td>47.28</td></tr><tr><td>4</td><td>vested</td><td>-240 ( 240 )</td><td>43.23</td></tr><tr><td>5</td><td>forfeited</td><td>-22 ( 22 )</td><td>53.86</td></tr><tr><td>6</td><td>nonvested at december 31 2009</td><td>1060</td><td>$ 50.88</td></tr></table> at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .\nQuestion: what was the amount of total unrecognized compensation expense related to nonvested performance retention awards?\n"
},
{
"role": "agent",
"content": "22.0"
}
] |
CONVFINQA4415
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmaturities of debt the scheduled maturities of the outstanding debt balances , excluding debt fair value adjustments as of december 31 , 2014 , are summarized as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>year</td><td>total</td></tr><tr><td>2</td><td>2015</td><td>$ 2717</td></tr><tr><td>3</td><td>2016</td><td>1684</td></tr><tr><td>4</td><td>2017</td><td>3059</td></tr><tr><td>5</td><td>2018</td><td>2328</td></tr><tr><td>6</td><td>2019</td><td>2819</td></tr><tr><td>7</td><td>thereafter</td><td>28422</td></tr><tr><td>8</td><td>total</td><td>$ 41029</td></tr></table> _______ interest rates , interest rate swaps and contingent debt the weighted average interest rate on all of our borrowings was 5.02% ( 5.02 % ) during 2014 and 5.08% ( 5.08 % ) during 2013 . information on our interest rate swaps is contained in note 13 . for information about our contingent debt agreements , see note 12 . subsequent event subsequent to december 31 , 2014 , additional ep trust i preferred securities were converted , primarily consisting of 969117 ep trust i preferred securities converted on january 14 , 2015 , into ( i ) 697473 of our class p common stock ; ( ii ) approximately $ 24 million in cash ; and ( iii ) 1066028 in warrants . 9 . share-based compensation and employee benefits share-based compensation kinder morgan , inc . class p shares stock compensation plan for non-employee directors we have a stock compensation plan for non-employee directors , in which our eligible non-employee directors participate . the plan recognizes that the compensation paid to each eligible non-employee director is fixed by our board , generally annually , and that the compensation is payable in cash . pursuant to the plan , in lieu of receiving some or all of the cash compensation , each eligible non-employee director may elect to receive shares of class p common stock . each election will be generally at or around the first board meeting in january of each calendar year and will be effective for the entire calendar year . an eligible director may make a new election each calendar year . the total number of shares of class p common stock authorized under the plan is 250000 . during 2014 , 2013 and 2012 , we made restricted class p common stock grants to our non-employee directors of 6210 , 5710 and 5520 , respectively . these grants were valued at time of issuance at $ 220000 , $ 210000 and $ 185000 , respectively . all of the restricted stock grants made to non-employee directors vest during a six-month period . table of contents .\nQuestion: as of december 31, 2014, what amount from the total maturities of debt were due after 2019?\n"
},
{
"role": "agent",
"content": "28422.0"
}
] |
CONVFINQA1778
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) the company has selected december 1 as the date to perform its annual impairment test . in performing its 2005 and 2004 testing , the company completed an internal appraisal and estimated the fair value of the rental and management reporting unit that contains goodwill utilizing future discounted cash flows and market information . based on the appraisals performed , the company determined that goodwill in its rental and management segment was not impaired . the company 2019s other intangible assets subject to amortization consist of the following as of december 31 , ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>acquired customer base and network location intangibles</td><td>$ 2606546</td><td>$ 1369607</td></tr><tr><td>3</td><td>deferred financing costs</td><td>65623</td><td>89736</td></tr><tr><td>4</td><td>acquired licenses and other intangibles</td><td>51703</td><td>43404</td></tr><tr><td>5</td><td>total</td><td>2723872</td><td>1502747</td></tr><tr><td>6</td><td>less accumulated amortization</td><td>-646560 ( 646560 )</td><td>-517444 ( 517444 )</td></tr><tr><td>7</td><td>other intangible assets net</td><td>$ 2077312</td><td>$ 985303</td></tr></table> the company amortizes its intangible assets over periods ranging from three to fifteen years . amortization of intangible assets for the years ended december 31 , 2005 and 2004 aggregated approximately $ 136.0 million and $ 97.8 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) . the company expects to record amortization expense of approximately $ 183.6 million , $ 178.3 million , $ 174.4 million , $ 172.7 million and $ 170.3 million , for the years ended december 31 , 2006 , 2007 , 2008 , 2009 and 2010 , respectively . these amounts are subject to changes in estimates until the preliminary allocation of the spectrasite purchase price is finalized . 6 . notes receivable in 2000 , the company loaned tv azteca , s.a . de c.v . ( tv azteca ) , the owner of a major national television network in mexico , $ 119.8 million . the loan , which initially bore interest at 12.87% ( 12.87 % ) , payable quarterly , was discounted by the company , as the fair value interest rate at the date of the loan was determined to be 14.25% ( 14.25 % ) . the loan was amended effective january 1 , 2003 to increase the original interest rate to 13.11% ( 13.11 % ) . as of december 31 , 2005 and 2004 , approximately $ 119.8 million undiscounted ( $ 108.2 million discounted ) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets . the term of the loan is seventy years ; however , the loan may be prepaid by tv azteca without penalty during the last fifty years of the agreement . the discount on the loan is being amortized to interest income 2014tv azteca , net , using the effective interest method over the seventy-year term of the loan . simultaneous with the signing of the loan agreement , the company also entered into a seventy year economic rights agreement with tv azteca regarding space not used by tv azteca on approximately 190 of its broadcast towers . in exchange for the issuance of the below market interest rate loan discussed above and the annual payment of $ 1.5 million to tv azteca ( under the economic rights agreement ) , the company has the right to market and lease the unused tower space on the broadcast towers ( the economic rights ) . tv azteca retains title to these towers and is responsible for their operation and maintenance . the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants. .\nQuestion: what was the accumulated amortization in 2005?\nAnswer: 646560.0\nQuestion: and convert that into hundreds?\nAnswer: 646.56\nQuestion: combine that value with the amount of amortization expense recorded in 2006?\n"
},
{
"role": "agent",
"content": "830.16"
}
] |
CONVFINQA7570
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nto the two-class method . the provisions of this guidance were required for fiscal years beginning after december 15 , 2008 . the company has adopted this guidance for current period computations of earnings per share , and has updated prior period computations of earnings per share . the adoption of this guidance in the first quarter of 2009 did not have a material impact on the company 2019s computation of earnings per share . refer to note 11 for further discussion . in june 2008 , the fasb issued accounting guidance addressing the determination of whether provisions that introduce adjustment features ( including contingent adjustment features ) would prevent treating a derivative contract or an embedded derivative on a company 2019s own stock as indexed solely to the company 2019s stock . this guidance was effective for fiscal years beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in march 2008 , the fasb issued accounting guidance intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an entity 2019s financial position , financial performance , and cash flows . this guidance was effective for the fiscal years and interim periods beginning after november 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in december 2007 , the fasb issued replacement guidance that requires the acquirer of a business to recognize and measure the identifiable assets acquired , the liabilities assumed , and any non-controlling interest in the acquired entity at fair value . this replacement guidance also requires transaction costs related to the business combination to be expensed as incurred . it was effective for business combinations for which the acquisition date was on or after the start of the fiscal year beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in december 2007 , the fasb issued accounting guidance that establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary . this guidance was effective for fiscal years beginning after december 15 , 2008 . the adoption of this guidance in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . in september 2006 , the fasb issued accounting guidance which defines fair value , establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value measurements . this guidance was effective for fiscal years beginning after november 15 , 2007 , however the fasb delayed the effective date to fiscal years beginning after november 15 , 2008 for nonfinancial assets and nonfinancial liabilities , except those items recognized or disclosed at fair value on an annual or more frequent basis . the adoption of this guidance for nonfinancial assets and liabilities in the first quarter of 2009 did not have any impact on the company 2019s consolidated financial statements . 3 . inventories inventories consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>december 31 , 2009</td><td>december 31 , 2008</td></tr><tr><td>2</td><td>finished goods</td><td>$ 155596</td><td>$ 187072</td></tr><tr><td>3</td><td>raw materials</td><td>785</td><td>731</td></tr><tr><td>4</td><td>work-in-process</td><td>71</td><td>6</td></tr><tr><td>5</td><td>subtotal inventories</td><td>156452</td><td>187809</td></tr><tr><td>6</td><td>inventories reserve</td><td>-7964 ( 7964 )</td><td>-5577 ( 5577 )</td></tr><tr><td>7</td><td>total inventories</td><td>$ 148488</td><td>$ 182232</td></tr></table> .\nQuestion: what was the total of finished goods in 2009, in thousands?\nAnswer: 155596.0\nQuestion: and what was that in 2008, also in thousands?\nAnswer: 187072.0\nQuestion: what was, then, the change in the total of finished goods over the year?\nAnswer: -31476.0\nQuestion: and how much does this change represent in relation to the 2008 total of finished goods, in percentage?\n"
},
{
"role": "agent",
"content": "-0.16826"
}
] |
CONVFINQA400
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nchallenging investment environment with $ 15.0 billion , or 95% ( 95 % ) , of net inflows coming from institutional clients , with the remaining $ 0.8 billion , or 5% ( 5 % ) , generated by retail and hnw clients . defined contribution plans of institutional clients remained a significant driver of flows . this client group added $ 13.1 billion of net new business in 2012 . during the year , americas net inflows of $ 18.5 billion were partially offset by net outflows of $ 2.6 billion collectively from emea and asia-pacific clients . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 52% ( 52 % ) , or $ 140.2 billion , of multi-asset class aum at year-end , up $ 14.1 billion , with growth in aum driven by net new business of $ 1.6 billion and $ 12.4 billion in market and foreign exchange gains . 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 . 2022 target date and target risk products ended the year at $ 69.9 billion , up $ 20.8 billion , or 42% ( 42 % ) , since december 31 , 2011 . growth in aum was driven by net new business of $ 14.5 billion , a year-over-year organic growth rate of 30% ( 30 % ) . institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum . the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments . flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings , which are qualified investment options under the pension protection act of 2006 . these products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . 2022 fiduciary management services accounted for 22% ( 22 % ) , or $ 57.7 billion , of multi-asset aum at december 31 , 2012 and increased $ 7.7 billion during the year due to market and foreign exchange gains . these are complex mandates in which pension plan sponsors retain blackrock to assume responsibility for some or all aspects of plan management . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives . alternatives component changes in alternatives aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>core</td><td>$ 63647</td><td>$ -3922 ( 3922 )</td><td>$ 6166</td><td>$ 2476</td><td>$ 68367</td></tr><tr><td>3</td><td>currency and commodities</td><td>41301</td><td>-1547 ( 1547 )</td><td>860</td><td>814</td><td>41428</td></tr><tr><td>4</td><td>alternatives</td><td>$ 104948</td><td>$ -5469 ( 5469 )</td><td>$ 7026</td><td>$ 3290</td><td>$ 109795</td></tr></table> alternatives aum totaled $ 109.8 billion at year-end 2012 , up $ 4.8 billion , or 5% ( 5 % ) , reflecting $ 3.3 billion in portfolio valuation gains and $ 7.0 billion in new assets related to the acquisitions of srpep , which deepened our alternatives footprint in the european and asian markets , and claymore . core alternative outflows of $ 3.9 billion were driven almost exclusively by return of capital to clients . currency net outflows of $ 5.0 billion were partially offset by net inflows of $ 3.5 billion into ishares commodity funds . we continued to make significant investments in our alternatives platform as demonstrated by our acquisition of srpep , successful closes on the renewable power initiative and our build out of an alternatives retail platform , which now stands at nearly $ 10.0 billion in aum . we believe that as alternatives become more conventional and investors adapt their asset allocation strategies to best meet their investment objectives , they will further increase their use of alternative investments to complement core holdings . institutional investors represented 69% ( 69 % ) , or $ 75.8 billion , of alternatives aum with retail and hnw investors comprising an additional 9% ( 9 % ) , or $ 9.7 billion , at year-end 2012 . ishares commodity products accounted for the remaining $ 24.3 billion , or 22% ( 22 % ) , of aum at year-end . alternative clients are geographically diversified with 56% ( 56 % ) , 26% ( 26 % ) , and 18% ( 18 % ) of clients located in the americas , emea and asia-pacific , respectively . the blackrock alternative investors ( 201cbai 201d ) group coordinates our alternative investment efforts , including .\nQuestion: what is the value of alternative assets in 2012?\nAnswer: 109795.0\nQuestion: what is the value in 2011?\n"
},
{
"role": "agent",
"content": "104948.0"
}
] |
CONVFINQA10021
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 annually , beginning in 2006 , if power market prices drop below the ppa prices . accordingly , because the price is not fixed , the table above does not report power from that plant as sold forward after 2005 . under the ppas with nypa for the output of power from indian point 3 and fitzpatrick , the non-utility nuclear business is obligated to produce at an average capacity factor of 85% ( 85 % ) with a financial true-up payment to nypa should nypa's cost to purchase power due to an output shortfall be higher than the ppas' price . the calculation of any true-up payments is based on two two-year periods . for the first period , which ran through november 20 , 2002 , indian point 3 and fitzpatrick operated at 95% ( 95 % ) and 97% ( 97 % ) , respectively , under the true-up formula . credits of up to 5% ( 5 % ) reflecting period one generation above 85% ( 85 % ) can be used to offset any output shortfalls in the second period , which runs through the end of the ppas on december 31 , 2004 . entergy continually monitors industry trends in order to determine whether asset impairments or other losses could result from a decline in value , or cancellation , of merchant power projects , and records provisions for impairments and losses accordingly . marketing and trading the earnings of entergy's energy commodity services segment are exposed to commodity price market risks primarily through entergy's 50%-owned , unconsolidated investment in entergy-koch . entergy-koch trading ( ekt ) uses value-at-risk models as one measure of the market risk of a loss in fair value for ekt's natural gas and power trading portfolio . actual future gains and losses in portfolios will differ from those estimated based upon actual fluctuations in market rates , operating exposures , and the timing thereof , and changes in the portfolio of derivative financial instruments during the year . to manage its portfolio , ekt enters into various derivative and contractual transactions in accordance with the policy approved by the trading committee of the governing board of entergy-koch . the trading portfolio consists of physical and financial natural gas and power as well as other energy and weather-related contracts . these contracts take many forms , including futures , forwards , swaps , and options . characteristics of ekt's value-at-risk method and the use of that method are as follows : fffd value-at-risk is used in conjunction with stress testing , position reporting , and profit and loss reporting in order to measure and control the risk inherent in the trading and mark-to-market portfolios . fffd ekt estimates its value-at-risk using a model based on j.p . morgan's risk metrics methodology combined with a monte carlo simulation approach . fffd ekt estimates its daily value-at-risk for natural gas and power using a 97.5% ( 97.5 % ) confidence level . ekt's daily value-at-risk is a measure that indicates that , if prices moved against the positions , the loss in neutralizing the portfolio would not be expected to exceed the calculated value-at-risk . fffd ekt seeks to limit the daily value-at-risk on any given day to a certain dollar amount approved by the trading committee . ekt's value-at-risk measures , which it calls daily earnings at risk ( de@r ) , for its trading portfolio were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>de@r at end of period</td><td>$ 15.2 million</td><td>$ 5.5 million</td></tr><tr><td>3</td><td>average de@r for the period</td><td>$ 10.8 million</td><td>$ 6.4 million</td></tr></table> ekt's de@r increased in 2002 compared to 2001 as a result of an increase in the size of the position held and an increase in the volatility of natural gas prices in the latter part of the year . for all derivative and contractual transactions , ekt is exposed to losses in the event of nonperformance by counterparties to these transactions . relevant considerations when assessing ekt's credit risk exposure include: .\nQuestion: what is the daily earnings at risk in 2002?\nAnswer: 15.2\nQuestion: what about in 2001?\nAnswer: 5.5\nQuestion: what is the net change?\nAnswer: 9.7\nQuestion: what growth rate does this represent?\n"
},
{
"role": "agent",
"content": "1.76364"
}
] |
CONVFINQA4801
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe second largest closed-end fund manager and a top- ten manager by aum and 2013 net flows of long-term open-end mutual funds1 . in 2013 , we were also the leading manager by net flows for long-dated fixed income mutual funds1 . 2022 we have fully integrated our legacy retail and ishares retail distribution teams to create a unified client-facing presence . as retail clients increasingly use blackrock 2019s capabilities in combination 2014 active , alternative and passive 2014 it is a strategic priority for blackrock to coherently deliver these capabilities through one integrated team . 2022 international retail long-term net inflows of $ 17.5 billion , representing 15% ( 15 % ) organic growth , were positive across major regions and diversified across asset classes . equity net inflows of $ 6.4 billion were driven by strong demand for our top-performing european equities franchise as investor risk appetite for the sector improved . multi-asset class and fixed income products each generated net inflows of $ 4.8 billion , as investors looked to manage duration and volatility in their portfolios . in 2013 , we were ranked as the third largest cross border fund provider2 . in the united kingdom , we ranked among the five largest fund managers2 . ishares . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>component changes in aum 2014 ishares 12/31/2012</td><td>component changes in aum 2014 ishares net new business</td><td>component changes in aum 2014 ishares acquisition ( 1 )</td><td>component changes in aum 2014 ishares market / fx</td><td>component changes in aum 2014 ishares 12/31/2013</td></tr><tr><td>2</td><td>equity</td><td>$ 534648</td><td>$ 74119</td><td>$ 13021</td><td>$ 96347</td><td>$ 718135</td></tr><tr><td>3</td><td>fixed income</td><td>192852</td><td>-7450 ( 7450 )</td><td>1294</td><td>-7861 ( 7861 )</td><td>178835</td></tr><tr><td>4</td><td>multi-asset class</td><td>869</td><td>355</td><td>2014</td><td>86</td><td>1310</td></tr><tr><td>5</td><td>alternatives ( 2 )</td><td>24337</td><td>-3053 ( 3053 )</td><td>1645</td><td>-6837 ( 6837 )</td><td>16092</td></tr><tr><td>6</td><td>total ishares</td><td>$ 752706</td><td>$ 63971</td><td>$ 15960</td><td>$ 81735</td><td>$ 914372</td></tr></table> alternatives ( 2 ) 24337 ( 3053 ) 1645 ( 6837 ) 16092 total ishares $ 752706 $ 63971 $ 15960 $ 81735 $ 914372 ( 1 ) amounts represent $ 16.0 billion of aum acquired in the credit suisse etf acquisition in july 2013 . ( 2 ) amounts include commodity ishares . ishares is the leading etf provider in the world , with $ 914.4 billion of aum at december 31 , 2013 , and was the top asset gatherer globally in 20133 with $ 64.0 billion of net inflows for an organic growth rate of 8% ( 8 % ) . equity net inflows of $ 74.1 billion were driven by flows into funds with broad developed market exposures , partially offset by outflows from emerging markets products . ishares fixed income experienced net outflows of $ 7.5 billion , as the continued low interest rate environment led many liquidity-oriented investors to sell long-duration assets , which made up the majority of the ishares fixed income suite . in 2013 , we launched several funds to meet demand from clients seeking protection in a rising interest rate environment by offering an expanded product set that includes four new u.s . funds , including short-duration versions of our flagship high yield and investment grade credit products , and short maturity and liquidity income funds . ishares alternatives had $ 3.1 billion of net outflows predominantly out of commodities . ishares represented 23% ( 23 % ) of long-term aum at december 31 , 2013 and 35% ( 35 % ) of long-term base fees for ishares offers the most diverse product set in the industry with 703 etfs at year-end 2013 , and serves the broadest client base , covering more than 25 countries on five continents . during 2013 , ishares continued its dual commitment to innovation and responsible product structuring by introducing 42 new etfs , acquiring credit suisse 2019s 58 etfs in europe and entering into a critical new strategic alliance with fidelity investments to deliver fidelity 2019s more than 10 million clients increased access to ishares products , tools and support . our alliance with fidelity investments and a successful full first year for the core series have deeply expanded our presence and offerings among buy-and-hold investors . our broad product range offers investors a precise , transparent and low-cost way to tap market returns and gain access to a full range of asset classes and global markets that have been difficult or expensive for many investors to access until now , as well as the liquidity required to make adjustments to their exposures quickly and cost-efficiently . 2022 u.s . ishares aum ended at $ 655.6 billion with $ 41.4 billion of net inflows driven by strong demand for developed markets equities and short-duration fixed income . during the fourth quarter of 2012 , we debuted the core series in the united states , designed to provide the essential building blocks for buy-and-hold investors to use in constructing the core of their portfolio . the core series demonstrated solid results in its first full year , raising $ 20.0 billion in net inflows , primarily in u.s . equities . in the united states , ishares maintained its position as the largest etf provider , with 39% ( 39 % ) share of aum3 . 2022 international ishares aum ended at $ 258.8 billion with robust net new business of $ 22.6 billion led by demand for european and japanese equities , as well as a diverse range of fixed income products . at year-end 2013 , ishares was the largest european etf provider with 48% ( 48 % ) of aum3 . 1 simfund 2 lipper feri 3 blackrock ; bloomberg .\nQuestion: what is the value of ishares aum less net inflows?\n"
},
{
"role": "agent",
"content": "614.2"
}
] |
CONVFINQA506
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 is the total estimated population served?\nAnswer: 11.4\nQuestion: what is that times 1000000?\n"
},
{
"role": "agent",
"content": "11400000.0"
}
] |
CONVFINQA6320
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncompetitive supply aes 2019s competitive supply line of business consists of generating facilities that sell electricity directly to wholesale customers in competitive markets . additionally , as compared to the contract generation segment discussed above , these generating facilities generally sell less than 75% ( 75 % ) of their output pursuant to long-term contracts with pre-determined pricing provisions and/or sell into power pools , under shorter-term contracts or into daily spot markets . the prices paid for electricity under short-term contracts and in the spot markets are unpredictable and can be , and from time to time have been , volatile . the results of operations of aes 2019s competitive supply business are also more sensitive to the impact of market fluctuations in the price of electricity , natural gas , coal and other raw materials . in the united kingdom , txu europe entered administration in november 2002 and is no longer performing under its contracts with drax and barry . as described in the footnotes and in other sections of the discussion and analysis of financial condition and results of operations , txu europe 2019s failure to perform under its contracts has had a material adverse effect on the results of operations of these businesses . two aes competitive supply businesses , aes wolf hollow , l.p . and granite ridge have fuel supply agreements with el paso merchant energy l.p . an affiliate of el paso corp. , which has encountered financial difficulties . the company does not believe the financial difficulties of el paso corp . will have a material adverse effect on el paso merchant energy l.p . 2019s performance under the supply agreement ; however , there can be no assurance that a further deterioration in el paso corp 2019s financial condition will not have a material adverse effect on the ability of el paso merchant energy l.p . to perform its obligations . while el paso corp 2019s financial condition may not have a material adverse effect on el paso merchant energy , l.p . at this time , it could lead to a default under the aes wolf hollow , l.p . 2019s fuel supply agreement , in which case aes wolf hollow , l.p . 2019s lenders may seek to declare a default under its credit agreements . aes wolf hollow , l.p . is working in concert with its lenders to explore options to avoid such a default . the revenues from our facilities that distribute electricity to end-use customers are generally subject to regulation . these businesses are generally required to obtain third party approval or confirmation of rate increases before they can be passed on to the customers through tariffs . these businesses comprise the large utilities and growth distribution segments of the company . revenues from contract generation and competitive supply are not regulated . the distribution of revenues between the segments for the years ended december 31 , 2002 , 2001 and 2000 is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>large utilities</td><td>36% ( 36 % )</td><td>21% ( 21 % )</td><td>22% ( 22 % )</td></tr><tr><td>3</td><td>growth distribution</td><td>14% ( 14 % )</td><td>21% ( 21 % )</td><td>21% ( 21 % )</td></tr><tr><td>4</td><td>contract generation</td><td>29% ( 29 % )</td><td>32% ( 32 % )</td><td>27% ( 27 % )</td></tr><tr><td>5</td><td>competitive supply</td><td>21% ( 21 % )</td><td>26% ( 26 % )</td><td>30% ( 30 % )</td></tr></table> development costs certain subsidiaries and affiliates of the company ( domestic and non-u.s. ) are in various stages of developing and constructing greenfield power plants , some but not all of which have signed long-term contracts or made similar arrangements for the sale of electricity . successful completion depends upon overcoming substantial risks , including , but not limited to , risks relating to failures of siting , financing , construction , permitting , governmental approvals or the potential for termination of the power sales contract as a result of a failure to meet certain milestones . as of december 31 , 2002 , capitalized costs for projects under development and in early stage construction were approximately $ 15 million and capitalized costs for projects under construction were approximately $ 3.2 billion . the company believes .\nQuestion: what portion of revenue is generated by large utilities in 2002?\nAnswer: 0.36\nQuestion: what about in 2001?\nAnswer: 0.21\nQuestion: what is the net change in the percentage of revenue?\nAnswer: 0.15\nQuestion: what about the portion of revenue is generated by competitive supply in 2002?\nAnswer: 0.21\nQuestion: what about in 2001?\n"
},
{
"role": "agent",
"content": "0.26"
}
] |
CONVFINQA7413
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncommodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2019</td><td>fiscal year 2018</td><td>fiscal year 2017</td></tr><tr><td>2</td><td>net gain ( loss ) onmark-to-marketvaluation of commodity positions</td><td>$ -39.0 ( 39.0 )</td><td>$ 14.3</td><td>$ -22.0 ( 22.0 )</td></tr><tr><td>3</td><td>net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit</td><td>10.0</td><td>11.3</td><td>32.0</td></tr><tr><td>4</td><td>netmark-to-marketrevaluation of certain grain inventories</td><td>-7.0 ( 7.0 )</td><td>6.5</td><td>3.9</td></tr><tr><td>5</td><td>netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items</td><td>$ -36.0 ( 36.0 )</td><td>$ 32.1</td><td>$ 13.9</td></tr></table> net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .\nQuestion: what was the sum value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2018 and 2019?\nAnswer: 21.3\nQuestion: what was the value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2017?\n"
},
{
"role": "agent",
"content": "32.0"
}
] |
CONVFINQA8579
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution . includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities . 2030 interest rate products . government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives . 2030 credit products . investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims . 2030 mortgages . commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s . government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives . 2030 currencies . most currencies , including growth-market currencies . 2030 commodities . crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products . equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2014</td><td>year ended december 2013</td><td>year ended december 2012</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 8461</td><td>$ 8651</td><td>$ 9914</td></tr><tr><td>3</td><td>equities client execution1</td><td>2079</td><td>2594</td><td>3171</td></tr><tr><td>4</td><td>commissions and fees</td><td>3153</td><td>3103</td><td>3053</td></tr><tr><td>5</td><td>securities services</td><td>1504</td><td>1373</td><td>1986</td></tr><tr><td>6</td><td>total equities</td><td>6736</td><td>7070</td><td>8210</td></tr><tr><td>7</td><td>total net revenues</td><td>15197</td><td>15721</td><td>18124</td></tr><tr><td>8</td><td>operating expenses</td><td>10880</td><td>11792</td><td>12490</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 4317</td><td>$ 3929</td><td>$ 5634</td></tr></table> 1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 42 goldman sachs 2014 annual report .\nQuestion: what is the pre-tax earnings in 2013?\nAnswer: 3929.0\nQuestion: what about in 2012?\nAnswer: 5634.0\nQuestion: what is the net change?\nAnswer: -1705.0\nQuestion: what percentage change does this represent from 2012?\n"
},
{
"role": "agent",
"content": "-0.30263"
}
] |
CONVFINQA2154
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncompany stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index as of the market close on september 30 , 2007 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc . s&p 500 s&p computer hardware dow jones us technology comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index , and the dow jones us technology index *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends . fiscal year ending september 30 . copyright a9 2012 s&p , a division of the mcgraw-hill companies inc . all rights reserved . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 30 2007</td><td>september 30 2008</td><td>september 30 2009</td><td>september 30 2010</td><td>september 30 2011</td><td>september 30 2012</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 74</td><td>$ 121</td><td>$ 185</td><td>$ 248</td><td>$ 437</td></tr><tr><td>3</td><td>s&p 500</td><td>$ 100</td><td>$ 78</td><td>$ 73</td><td>$ 80</td><td>$ 81</td><td>$ 105</td></tr><tr><td>4</td><td>s&p computer hardware</td><td>$ 100</td><td>$ 84</td><td>$ 99</td><td>$ 118</td><td>$ 134</td><td>$ 214</td></tr><tr><td>5</td><td>dow jones us technology</td><td>$ 100</td><td>$ 76</td><td>$ 85</td><td>$ 95</td><td>$ 98</td><td>$ 127</td></tr></table> .\nQuestion: what was the change in the performance price of the apple inc . from 2007 to 2012?\n"
},
{
"role": "agent",
"content": "337.0"
}
] |
CONVFINQA8721
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 in 2013 less the initial $100 investment?\nAnswer: 10.49\nQuestion: what was the value of the s&p in 2013?\nAnswer: 156.82\nQuestion: what is the value of that less an initial $100 investment\nAnswer: 56.82\nQuestion: what is the normalized ratio of citi to the s&p in 2013?\n"
},
{
"role": "agent",
"content": "0.18462"
}
] |
CONVFINQA6766
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) the weighted average grant-date fair value of share awards granted in the years ended may 31 , 2007 and 2006 was $ 45 and $ 36 , respectively . the total fair value of share awards vested during the years ended may 31 , 2008 , 2007 and 2006 was $ 4.1 million , $ 1.7 million and $ 1.4 million , respectively . we recognized compensation expenses for restricted stock of $ 5.7 million , $ 2.7 million , and $ 1.6 million in the years ended may 31 , 2008 , 2007 and 2006 . as of may 31 , 2008 , there was $ 15.2 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.9 years . employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 million shares of our common stock has been authorized . employees may designate up to the lesser of $ 25 thousand or 20% ( 20 % ) of their annual compensation for the purchase of stock . for periods prior to october 1 , 2006 , the price for shares purchased under the plan was the lower of 85% ( 85 % ) of the market value on the first day or the last day of the quarterly purchase period . with the quarterly purchase period beginning on october 1 , 2006 , the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period ( the 201cpurchase date 201d ) . at may 31 , 2008 , 0.7 million shares had been issued under this plan , with 1.7 million shares reserved for future issuance . the weighted average grant-date fair value of each designated share purchased under this plan was $ 6 , $ 8 and $ 8 in the years ended may 31 , 2008 , 2007 and 2006 , respectively . for the quarterly purchases after october 1 , 2006 , the fair value of each designated share purchased under the employee stock purchase plan is based on the 15% ( 15 % ) discount on the purchase date . for purchases prior to october 1 , 2006 , the fair value of each designated share purchased under the employee stock purchase plan was estimated on the date of grant using the black-scholes valuation model using the following weighted average assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>risk-free interest rates</td><td>4.93% ( 4.93 % )</td><td>3.72% ( 3.72 % )</td></tr><tr><td>3</td><td>expected volatility</td><td>37.02% ( 37.02 % )</td><td>26.06% ( 26.06 % )</td></tr><tr><td>4</td><td>dividend yields</td><td>0.19% ( 0.19 % )</td><td>0.34% ( 0.34 % )</td></tr><tr><td>5</td><td>expected lives</td><td>3 months</td><td>3 months</td></tr></table> the risk-free interest rate is based on the yield of a zero coupon united states treasury security with a maturity equal to the expected life of the option from the date of the grant . our assumption on expected volatility is based on our historical volatility . the dividend yield assumption is calculated using our average stock price over the preceding year and the annualized amount of our current quarterly dividend . since the purchase price for shares under the plan is based on the market value on the first day or last day of the quarterly purchase period , we use an expected life of three months to determine the fair value of each designated share. .\nQuestion: what was the compensation to be used on stock purchases if the employees used 20% of their compensation in 2008?\n"
},
{
"role": "agent",
"content": "1.14"
}
] |
CONVFINQA123
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) the letters of credit use $ 909.4 million and $ 950.2 million as of december 31 , 2012 and 2011 , respectively , of availability under our credit facilities . surety bonds expire on various dates through 2026 . these financial instruments are issued in the normal course of business and are not debt . because we currently have no liability for this financial assurance , it is not reflected in our consolidated balance sheets . however , we have recorded capping , closure and post-closure obligations and self-insurance reserves as they are incurred . the underlying financial assurance obligations , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . our restricted cash and marketable securities deposits include , among other things , restricted cash and marketable securities held for capital expenditures under certain debt facilities , and restricted cash and marketable securities pledged to regulatory agencies and governmental entities as financial guarantees of our performance related to our final capping , closure and post-closure obligations at our landfills . the following table summarizes our restricted cash and marketable securities as of december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>financing proceeds</td><td>$ 24.7</td><td>$ 22.5</td></tr><tr><td>3</td><td>capping closure and post-closure obligations</td><td>54.8</td><td>54.9</td></tr><tr><td>4</td><td>self-insurance</td><td>81.3</td><td>75.2</td></tr><tr><td>5</td><td>other</td><td>3.4</td><td>37.0</td></tr><tr><td>6</td><td>total restricted cash and marketable securities</td><td>$ 164.2</td><td>$ 189.6</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 recoverability of the investment . this investee company and the parent company of the investee had written surety bonds for us relating primarily to our landfill operations for capping , closure and post-closure , of which $ 1152.1 million was outstanding as of december 31 , 2012 . our reimbursement obligations under these bonds are secured by an indemnity agreement with the investee and letters of credit totaling $ 23.4 million and $ 45.0 million as of december 31 , 2012 and 2011 . 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. .\nQuestion: what was the total restricted cash and marketable securities in 2012?\n"
},
{
"role": "agent",
"content": "164.2"
}
] |
CONVFINQA3850
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation . <table class='wikitable'><tr><td>1</td><td>-</td><td>preliminary purchase price allocation</td></tr><tr><td>2</td><td>non-current assets</td><td>$ 24460</td></tr><tr><td>3</td><td>property and equipment</td><td>138959</td></tr><tr><td>4</td><td>intangible assets ( 1 )</td><td>117990</td></tr><tr><td>5</td><td>other non-current liabilities</td><td>-18195 ( 18195 )</td></tr><tr><td>6</td><td>fair value of net assets acquired</td><td>$ 263214</td></tr><tr><td>7</td><td>goodwill ( 2 )</td><td>47481</td></tr></table> ( 1 ) consists of customer-related intangibles of approximately $ 80.0 million and network location intangibles of approximately $ 38.0 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . ghana acquisition 2014on december 6 , 2010 , the company entered into a definitive agreement with mtn group limited ( 201cmtn group 201d ) to establish a joint venture in ghana . the joint venture is controlled by a holding company of which a wholly owned subsidiary of the company ( the 201catc ghana subsidiary 201d ) holds a 51% ( 51 % ) interest and mobile telephone networks ( netherlands ) b.v. , a wholly owned subsidiary of mtn group ( the 201cmtn ghana subsidiary 201d ) holds a 49% ( 49 % ) interest . the joint venture is managed and controlled by the company and owns a tower operations company in ghana . pursuant to the agreement , on may 6 , 2011 , august 11 , 2011 and december 23 , 2011 , the joint venture acquired 400 , 770 and 686 communications sites , respectively , from mtn group 2019s operating subsidiary in ghana for an aggregate purchase price of $ 515.6 million ( including contingent consideration of $ 2.3 million and value added tax of $ 65.6 million ) . the aggregate purchase price was subsequently increased to $ 517.7 million ( including contingent consideration of $ 2.3 million and value added tax of $ 65.6 million ) after certain post-closing adjustments . under the terms of the purchase agreement , legal title to certain of the communications sites acquired on december 23 , 2011 will be transferred upon fulfillment of certain conditions by mtn group . prior to the fulfillment of these conditions , the company will operate and maintain control of these communications sites , and accordingly , reflect these sites in the allocation of purchase price and the consolidated operating results . in december 2011 , the company signed an amendment to its agreement with mtn group , which requires the company to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash-paying master lease agreements . the company currently estimates the fair value of remaining potential contingent consideration payments required to be made under the amended agreement to be between zero and $ 1.0 million and is estimated to be $ 0.9 million using a probability weighted average of the expected outcomes at december 31 , 2012 . the company has previously made payments under this arrangement of $ 2.6 million . during the year ended december 31 , 2012 , the company recorded an increase in fair value of $ 0.4 million as other operating expenses in the consolidated statements of operations. .\nQuestion: what was the amortization expense for the customer-related intangibles value?\nAnswer: 80.0\nQuestion: what was the value of network location intangibles?\nAnswer: 38.0\nQuestion: what is the sum?\nAnswer: 118.0\nQuestion: how many years is the amortization period?\nAnswer: 20.0\nQuestion: what is the amount per year of customer related and network location intangibles?\n"
},
{
"role": "agent",
"content": "5.9"
}
] |
CONVFINQA3469
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 . commitments and contingencies commitments leases the company fffds corporate headquarters is located in danvers , massachusetts . this facility encompasses most of the company fffds u.s . operations , including research and development , manufacturing , sales and marketing and general and administrative departments . in october 2017 , the acquired its corporate headquarters for approximately $ 16.5 million and terminated its existing lease arrangement ( see note 6 ) . future minimum lease payments under non-cancelable leases as of march 31 , 2018 are approximately as follows : fiscal years ending march 31 , operating leases ( in $ 000s ) . <table class='wikitable'><tr><td>1</td><td>fiscal years ending march 31,</td><td>operating leases ( in $ 000s )</td></tr><tr><td>2</td><td>2019</td><td>$ 2078</td></tr><tr><td>3</td><td>2020</td><td>1888</td></tr><tr><td>4</td><td>2021</td><td>1901</td></tr><tr><td>5</td><td>2022</td><td>1408</td></tr><tr><td>6</td><td>2023</td><td>891</td></tr><tr><td>7</td><td>thereafter</td><td>1923</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 10089</td></tr></table> in february 2017 , the company entered into a lease agreement for an additional 21603 square feet of office space in danvers , massachusetts which expires on july 31 , 2022 . in december 2017 , the company entered into an amendment to this lease to extend the term through august 31 , 2025 and to add an additional 6607 square feet of space in which rent would begin around june 1 , 2018 . the amendment also allows the company a right of first offer to purchase the property from january 1 , 2018 through august 31 , 2035 , if the lessor decides to sell the building or receives an offer to purchase the building from a third-party buyer . in march 2018 , the company entered into an amendment to the lease to add an additional 11269 square feet of space for which rent will begin on or around june 1 , 2018 through august 31 , 2025 . the annual rent expense for this lease agreement is estimated to be $ 0.4 million . in september 2016 , the company entered into a lease agreement in berlin , germany which commenced in may 2017 and expires in may 2024 . the annual rent expense for the lease is estimated to be $ 0.3 million . in october 2016 , the company entered into a lease agreement for an office in tokyokk japan and expires in september 2021 . the office houses administrative , regulatory , and training personnel in connection with the company fffds commercial launch in japan . the annual rent expense for the lease is estimated to be $ 0.9 million . license agreements in april 2014 , the company entered into an exclusive license agreement for the rights to certain optical sensor technologies in the field of cardio-circulatory assist devices . pursuant to the terms of the license agreement , the company agreed to make potential payments of $ 6.0 million . through march 31 , 2018 , the company has made $ 3.5 million in milestones payments which included a $ 1.5 million upfront payment upon the execution of the agreement . any potential future milestone payment amounts have not been included in the contractual obligations table above due to the uncertainty related to the successful achievement of these milestones . contingencies from time to time , the company is involved in legal and administrative proceedings and claims of various types . in some actions , the claimants seek damages , as well as other relief , which , if granted , would require significant expenditures . the company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated . the company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate . if a matter is both probable to result in liability and the amount of loss can be reasonably estimated , the company estimates and discloses the possible loss or range of loss . if the loss is not probable or cannot be reasonably estimated , a liability is not recorded in its consolidated financial statements. .\nQuestion: what was the operating lease value for 2021?\nAnswer: 1901.0\nQuestion: what was the value in 2020?\nAnswer: 1888.0\nQuestion: what is the net change in value?\n"
},
{
"role": "agent",
"content": "13.0"
}
] |
CONVFINQA9360
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndevon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2014 and 2013 , as listed in the table presented at the beginning of this note . geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately $ 2.2 billion , net of discounts and issuance costs . the floating rate senior notes due in 2015 bear interest at a rate equal to three-month libor plus 0.45 percent , which rate will be reset quarterly . the floating rate senior notes due in 2016 bears interest at a rate equal to three-month libor plus 0.54 percent , which rate will be reset quarterly . the schedule below summarizes the key terms of these notes ( in millions ) . . <table class='wikitable'><tr><td>1</td><td>floating rate due december 15 2015</td><td>$ 500</td></tr><tr><td>2</td><td>floating rate due december 15 2016</td><td>350</td></tr><tr><td>3</td><td>1.20% ( 1.20 % ) due december 15 2016 ( 1 )</td><td>650</td></tr><tr><td>4</td><td>2.25% ( 2.25 % ) due december 15 2018</td><td>750</td></tr><tr><td>5</td><td>discount and issuance costs</td><td>-2 ( 2 )</td></tr><tr><td>6</td><td>net proceeds</td><td>$ 2248</td></tr></table> ( 1 ) the 1.20% ( 1.20 % ) $ 650 million note due december 15 , 2016 was redeemed on november 13 , 2014 . the senior notes were classified as short-term debt on devon 2019s consolidated balance sheet as of december 31 , 2013 due to certain redemption features in the event that the geosouthern acquisition was not completed on or prior to june 30 , 2014 . on february 28 , 2014 , the geosouthern acquisition closed and thus the senior notes were subsequently classified as long-term debt . additionally , during december 2013 , devon entered into a term loan agreement with a group of major financial institutions pursuant to which devon could draw up to $ 2.0 billion to finance , in part , the geosouthern acquisition and to pay transaction costs . in february 2014 , devon drew the $ 2.0 billion of term loans for the geosouthern transaction , and the amount was subsequently repaid on june 30 , 2014 with the canadian divestiture proceeds that were repatriated to the u.s . in june 2014 , at which point the term loan was terminated. .\nQuestion: what was the total value of proceeds from floating rates in 2015 and 2016?\nAnswer: 850.0\nQuestion: what was the ratio of total proceeds that came from floating rates?\n"
},
{
"role": "agent",
"content": "0.37811"
}
] |
CONVFINQA265
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements the valuation allowance increased from $ 47.8 million as of december 31 , 2009 to $ 48.2 million as of december 31 , 2010 . the increase was primarily due to valuation allowances on foreign loss carryforwards . at december 31 , 2010 , the company has provided a valuation allowance of approximately $ 48.2 million which primarily relates to state net operating loss carryforwards , equity investments and foreign items . the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient taxable income to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period . valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability . the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing projections based on its current operations . the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period . accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions . based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized . the company 2019s deferred tax assets as of december 31 , 2010 and 2009 in the table above do not include $ 122.1 million and $ 113.9 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses . total stockholders 2019 equity as of december 31 , 2010 will be increased by $ 122.1 million if and when any such excess tax benefits are ultimately realized . at december 31 , 2010 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.2 billion , including losses related to employee stock options of $ 0.3 billion . if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>federal</td><td>state</td><td>foreign</td></tr><tr><td>2</td><td>2011 to 2015</td><td>$ 2014</td><td>$ 2014</td><td>$ 503</td></tr><tr><td>3</td><td>2016 to 2020</td><td>2014</td><td>331315</td><td>5509</td></tr><tr><td>4</td><td>2021 to 2025</td><td>774209</td><td>576780</td><td>2014</td></tr><tr><td>5</td><td>2026 to 2030</td><td>423398</td><td>279908</td><td>92412</td></tr><tr><td>6</td><td>total</td><td>$ 1197607</td><td>$ 1188003</td><td>$ 98424</td></tr></table> in addition , the company has mexican tax credits of $ 5.2 million which if not utilized would expire in 2017. .\nQuestion: as of december 31, 2010, what amount from the total net operating loss carry forwards was set to expire between 2021 and 2025?\nAnswer: 774209.0\nQuestion: and what was that total of the net operating loss carry forwards?\n"
},
{
"role": "agent",
"content": "1197607.0"
}
] |
CONVFINQA1449
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwe include here by reference additional information relating to pnc common stock under the common stock prices/ dividends declared section in the statistical information ( unaudited ) section of item 8 of this report . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2015 in the table ( with introductory paragraph and notes ) that appears under the caption 201capproval of 2016 incentive award plan 2013 item 3 201d in our proxy statement to be filed for the 2016 annual meeting of shareholders and is incorporated by reference herein and in item 12 of this report . our stock transfer agent and registrar is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 registered shareholders may contact the above phone number regarding dividends and other shareholder services . we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2015 are included in the following table : in thousands , except per share data 2015 period total shares purchased ( a ) average paid per total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) . <table class='wikitable'><tr><td>1</td><td>2015 period</td><td>total sharespurchased ( a )</td><td>averagepricepaid pershare</td><td>total sharespurchased aspartofpubliclyannouncedprograms ( b )</td><td>maximumnumberofshares thatmay yet bepurchasedunder theprograms ( b )</td></tr><tr><td>2</td><td>october 1 2013 31</td><td>2528</td><td>$ 89.24</td><td>2506</td><td>85413</td></tr><tr><td>3</td><td>november 1 2013 30</td><td>1923</td><td>$ 94.06</td><td>1923</td><td>83490</td></tr><tr><td>4</td><td>december 1 2013 31</td><td>1379</td><td>$ 95.20</td><td>1379</td><td>82111</td></tr><tr><td>5</td><td>total</td><td>5830</td><td>$ 92.24</td><td>-</td><td>-</td></tr></table> ( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements . note 12 employee benefit plans and note 13 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock . ( b ) on march 11 , 2015 , we announced that our board of directors had approved the establishment of a new stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 . repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , economic capital and regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process . our 2015 capital plan , submitted as part of the ccar process and accepted by the federal reserve , included share repurchase programs of up to $ 2.875 billion for the five quarter period beginning with the second quarter of 2015 . this amount does not include share repurchases in connection with various employee benefit plans referenced in note ( a ) . in the fourth quarter of 2015 , in accordance with pnc 2019s 2015 capital plan and under the share repurchase authorization in effect during that period , we repurchased 5.8 million shares of common stock on the open market , with an average price of $ 92.26 per share and an aggregate repurchase price of $ .5 billion . 30 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: what is the total shares purchased as part of publicly announced programs during october 2013?\n"
},
{
"role": "agent",
"content": "2506.0"
}
] |
CONVFINQA8306
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n82 | 2017 form 10-k a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions , including positions impacting only the timing of tax benefits , follows . reconciliation of unrecognized tax benefits:1 years a0ended a0december a031 . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>years ended december 31 , 2017</td><td>years ended december 31 , 2016</td></tr><tr><td>2</td><td>balance at january 1,</td><td>$ 1032</td><td>$ 968</td></tr><tr><td>3</td><td>additions for tax positions related to current year</td><td>270</td><td>73</td></tr><tr><td>4</td><td>additions for tax positions related to prior years</td><td>20</td><td>55</td></tr><tr><td>5</td><td>reductions for tax positions related to prior years</td><td>-27 ( 27 )</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>reductions for settlements2</td><td>-9 ( 9 )</td><td>-24 ( 24 )</td></tr><tr><td>7</td><td>reductions for expiration of statute of limitations</td><td>2014</td><td>-4 ( 4 )</td></tr><tr><td>8</td><td>balance at december 31,</td><td>$ 1286</td><td>$ 1032</td></tr><tr><td>9</td><td>amount that if recognized would impact the effective tax rate</td><td>$ 1209</td><td>$ 963</td></tr></table> 1 foreign currency impacts are included within each line as applicable . 2 includes cash payment or other reduction of assets to settle liability . we classify interest and penalties on income taxes as a component of the provision for income taxes . we recognized a net provision for interest and penalties of $ 38 million , $ 34 million and $ 20 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively . the total amount of interest and penalties accrued was $ 157 million and $ 120 million as of december a031 , 2017 and 2016 , respectively . on january 31 , 2018 , we received a revenue agent 2019s report from the irs indicating the end of the field examination of our u.s . income tax returns for 2010 to 2012 . in the audits of 2007 to 2012 including the impact of a loss carryback to 2005 , the irs has proposed to tax in the united states profits earned from certain parts transactions by csarl , based on the irs examination team 2019s application of the 201csubstance-over-form 201d or 201cassignment-of-income 201d judicial doctrines . we are vigorously contesting the proposed increases to tax and penalties for these years of approximately $ 2.3 billion . we believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines . we have filed u.s . income tax returns on this same basis for years after 2012 . based on the information currently available , we do not anticipate a significant increase or decrease to our unrecognized tax benefits for this matter within the next 12 months . we currently believe the ultimate disposition of this matter will not have a material adverse effect on our consolidated financial position , liquidity or results of operations . with the exception of a loss carryback to 2005 , tax years prior to 2007 are generally no longer subject to u.s . tax assessment . in our major non-u.s . jurisdictions including australia , brazil , china , germany , japan , mexico , switzerland , singapore and the u.k. , tax years are typically subject to examination for three to ten years . due to the uncertainty related to the timing and potential outcome of audits , we cannot estimate the range of reasonably possible change in unrecognized tax benefits in the next 12 months. .\nQuestion: in the years of 2017 and 2016, combined, what was the total provision for interest and penalties?\n"
},
{
"role": "agent",
"content": "72.0"
}
] |
CONVFINQA3240
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nprinting papers demand for printing papers products is closely corre- lated with changes in commercial printing and advertising activity , direct mail volumes and , for uncoated cut-size products , with changes in white- collar employment levels that affect the usage of copy and laser printer paper . pulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions . principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs . pr int ing papers net sales for 2012 were about flat with 2011 and increased 5% ( 5 % ) from 2010 . operat- ing profits in 2012 were 31% ( 31 % ) lower than in 2011 , but 25% ( 25 % ) higher than in 2010 . excluding facility closure costs and impairment costs , operating profits in 2012 were 30% ( 30 % ) lower than in 2011 and 25% ( 25 % ) lower than in 2010 . benefits from higher sales volumes ( $ 58 mil- lion ) were more than offset by lower sales price real- izations and an unfavorable product mix ( $ 233 million ) , higher operating costs ( $ 30 million ) , higher maintenance outage costs ( $ 17 million ) , higher input costs ( $ 32 million ) and other items ( $ 6 million ) . in addition , operating profits in 2011 included a $ 24 million gain related to the announced repurposing of our franklin , virginia mill to produce fluff pulp and an $ 11 million impairment charge related to our inverurie , scotland mill that was closed in 2009 . printing papers . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>sales</td><td>$ 6230</td><td>$ 6215</td><td>$ 5940</td></tr><tr><td>3</td><td>operating profit</td><td>599</td><td>872</td><td>481</td></tr></table> north american pr int ing papers net sales were $ 2.7 billion in 2012 , $ 2.8 billion in 2011 and $ 2.8 billion in 2010 . operating profits in 2012 were $ 331 million compared with $ 423 million ( $ 399 million excluding a $ 24 million gain associated with the repurposing of our franklin , virginia mill ) in 2011 and $ 18 million ( $ 333 million excluding facility clo- sure costs ) in 2010 . sales volumes in 2012 were flat with 2011 . average sales margins were lower primarily due to lower export sales prices and higher export sales volume . input costs were higher for wood and chemicals , but were partially offset by lower purchased pulp costs . freight costs increased due to higher oil prices . manufacturing operating costs were favorable reflecting strong mill performance . planned main- tenance downtime costs were slightly higher in 2012 . no market-related downtime was taken in either 2012 or 2011 . entering the first quarter of 2013 , sales volumes are expected to increase compared with the fourth quar- ter of 2012 reflecting seasonally stronger demand . average sales price realizations are expected to be relatively flat as sales price realizations for domestic and export uncoated freesheet roll and cutsize paper should be stable . input costs should increase for energy , chemicals and wood . planned maintenance downtime costs are expected to be about $ 19 million lower with an outage scheduled at our georgetown mill versus outages at our courtland and eastover mills in the fourth quarter of 2012 . braz i l ian papers net sales for 2012 were $ 1.1 bil- lion compared with $ 1.2 billion in 2011 and $ 1.1 bil- lion in 2010 . operating profits for 2012 were $ 163 million compared with $ 169 million in 2011 and $ 159 million in 2010 . sales volumes in 2012 were higher than in 2011 as international paper improved its segment position in the brazilian market despite weaker year-over-year conditions in most markets . average sales price realizations improved for domestic uncoated freesheet paper , but the benefit was more than offset by declining prices for exported paper . margins were favorably affected by an increased proportion of sales to the higher- margin domestic market . raw material costs increased for wood and chemicals , but costs for purchased pulp decreased . operating costs and planned maintenance downtime costs were lower than in 2011 . looking ahead to 2013 , sales volumes in the first quarter are expected to be lower than in the fourth quarter of 2012 due to seasonally weaker customer demand for uncoated freesheet paper . average sales price realizations are expected to increase in the brazilian domestic market due to the realization of an announced sales price increase for uncoated free- sheet paper , but the benefit should be partially offset by pricing pressures in export markets . average sales margins are expected to be negatively impacted by a less favorable geographic mix . input costs are expected to be about flat due to lower energy costs being offset by higher costs for wood , purchased pulp , chemicals and utilities . planned maintenance outage costs should be $ 4 million lower with no outages scheduled in the first quarter . operating costs should be favorably impacted by the savings generated by the start-up of a new biomass boiler at the mogi guacu mill . european papers net sales in 2012 were $ 1.4 bil- lion compared with $ 1.4 billion in 2011 and $ 1.3 bil- lion in 2010 . operating profits in 2012 were $ 179 million compared with $ 196 million ( $ 207 million excluding asset impairment charges related to our inverurie , scotland mill which was closed in 2009 ) in 2011 and $ 197 million ( $ 199 million excluding an asset impairment charge ) in 2010 . sales volumes in 2012 compared with 2011 were higher for uncoated freesheet paper in both europe and russia , while sales volumes for pulp were lower in both regions . average sales price realizations for uncoated .\nQuestion: what is the total net sales of printing papers in north america for 2012, in billions?\nAnswer: 2.7\nQuestion: what about in millions?\nAnswer: 2700.0\nQuestion: what about the total sales of printing papers in 2012?\nAnswer: 6230.0\nQuestion: what proportion of total sales does sales in north america represent?\n"
},
{
"role": "agent",
"content": "0.43339"
}
] |
CONVFINQA3423
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndivestiture of the information systems & global solutions business on august 16 , 2016 , we completed the previously announced divestiture of the is&gs business , which merged with a subsidiary of leidos , in a reverse morris trust transaction ( the 201ctransaction 201d ) . the transaction was completed in a multi- step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock of abacus was distributed to participating lockheed martin stockholders through an exchange offer . under the terms of the exchange offer , lockheed martin stockholders had the option to exchange shares of lockheed martin common stock for shares of abacus common stock . at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange . the shares of lockheed martin common stock that were exchanged and accepted were retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) . following the exchange offer , abacus merged with a subsidiary of leidos , with abacus continuing as the surviving corporation and a wholly-owned subsidiary of leidos . as part of the merger , each share of abacus common stock was automatically converted into one share of leidos common stock . we did not receive any shares of leidos common stock as part of the transaction and do not hold any shares of leidos or abacus common stock following the transaction . based on an opinion of outside tax counsel , subject to customary qualifications and based on factual representations , the exchange offer and merger will qualify as tax-free transactions to lockheed martin and its stockholders , except to the extent that cash was paid to lockheed martin stockholders in lieu of fractional shares . in connection with the transaction , abacus borrowed an aggregate principal amount of approximately $ 1.84 billion under term loan facilities with third party financial institutions , the proceeds of which were used to make a one-time special cash payment of $ 1.80 billion to lockheed martin and to pay associated borrowing fees and expenses . the entire special cash payment was used to repay debt , pay dividends and repurchase stock during the third and fourth quarters of 2016 . the obligations under the abacus term loan facilities were guaranteed by leidos as part of the transaction . as a result of the transaction , we recognized a net gain of approximately $ 1.2 billion . the net gain represents the $ 2.5 billion fair value of the shares of lockheed martin common stock exchanged and retired as part of the exchange offer , plus the $ 1.8 billion one-time special cash payment , less the net book value of the is&gs business of about $ 3.0 billion at august 16 , 2016 and other adjustments of about $ 100 million . the final gain is subject to certain post-closing adjustments , including final working capital , indemnification , and tax adjustments , which we expect to complete in 2017 . we classified the operating results of our is&gs business as discontinued operations in our consolidated financial statements in accordance with u.s . gaap , as the divestiture of this business represented a strategic shift that had a major effect on our operations and financial results . however , the cash flows generated by the is&gs business have not been reclassified in our consolidated statements of cash flows as we retained this cash as part of the transaction . the carrying amounts of major classes of the is&gs business assets and liabilities that were classified as assets and liabilities of discontinued operations as of december 31 , 2015 are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>receivables net</td><td>$ 807</td></tr><tr><td>2</td><td>inventories net</td><td>143</td></tr><tr><td>3</td><td>other current assets</td><td>19</td></tr><tr><td>4</td><td>property plant and equipment net</td><td>101</td></tr><tr><td>5</td><td>goodwill</td><td>2881</td></tr><tr><td>6</td><td>intangible assets</td><td>125</td></tr><tr><td>7</td><td>other noncurrent assets</td><td>54</td></tr><tr><td>8</td><td>total assets of the disposal group</td><td>$ 4130</td></tr><tr><td>9</td><td>accounts payable</td><td>$ -229 ( 229 )</td></tr><tr><td>10</td><td>customer advances and amounts in excess of costs incurred</td><td>-285 ( 285 )</td></tr><tr><td>11</td><td>salaries benefits and payroll taxes</td><td>-209 ( 209 )</td></tr><tr><td>12</td><td>other current liabilities</td><td>-225 ( 225 )</td></tr><tr><td>13</td><td>deferred income taxes</td><td>-145 ( 145 )</td></tr><tr><td>14</td><td>other noncurrent liabilities</td><td>-60 ( 60 )</td></tr><tr><td>15</td><td>total liabilities of the disposal group</td><td>$ -1153 ( 1153 )</td></tr></table> .\nQuestion: what percentage of the total assets of the disposal group were from goodwill?\n"
},
{
"role": "agent",
"content": "0.69758"
}
] |
CONVFINQA4055
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n4 4 m a n a g e m e n t 2019 s d i s c u s s i o n notes to table ( continued ) ( a ) ( continued ) management believes that operating income , as adjusted , and operating margin , as adjusted , are effective indicators of blackrock 2019s financial performance over time . as such , management believes that operating income , as adjusted , and operating margin , as adjusted , provide useful disclosure to investors . operating income , as adjusted : bgi transaction and integration costs recorded in 2010 and 2009 consist principally of certain advisory payments , compensation expense , legal fees , marketing and promotional , occupancy and consulting expenses incurred in conjunction with the bgi transaction . restructuring charges recorded in 2009 and 2008 consist of compensation costs , occupancy costs and professional fees . the expenses associated with restructuring and bgi transaction and integration costs have been deemed non-recurring by management and have been excluded from operating income , as adjusted , to help enhance the comparability of this information to the current reporting periods . as such , management believes that operating margins exclusive of these costs are useful measures in evaluating blackrock 2019s operating performance for the respective periods . the portion of compensation expense associated with certain long-term incentive plans ( 201cltip 201d ) that will be funded through the distribution to participants of shares of blackrock stock held by pnc and a merrill lynch cash compensation contribution , a portion of which has been received , have been excluded because these charges ultimately do not impact blackrock 2019s book value . compensation expense associated with appreciation/ ( depreciation ) on investments related to certain blackrock deferred compensation plans has been excluded as returns on investments set aside for these plans , which substantially offset this expense , are reported in non-operating income ( expense ) . operating margin , as adjusted : operating income used for measuring operating margin , as adjusted , is equal to operating income , as adjusted , excluding the impact of closed-end fund launch costs and commissions . management believes that excluding such costs and commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact the company 2019s results until future periods . operating margin , as adjusted , allows the company to compare performance from period-to-period by adjusting for items that may not recur , recur infrequently or may fluctuate based on market movements , such as restructuring charges , transaction and integration costs , closed-end fund launch costs , commissions paid to certain employees as compensation and fluctua- tions in compensation expense based on mark-to-market movements in investments held to fund certain compensation plans . the company also uses operating margin , as adjusted , to monitor corporate performance and efficiency and as a benchmark to compare its performance to other companies . management uses both the gaap and non-gaap financial measures in evaluating the financial performance of blackrock . the non-gaap measure by itself may pose limitations because it does not include all of the company 2019s revenues and expenses . revenue used for operating margin , as adjusted , excludes distribution and servicing costs paid to related parties and other third parties . management believes that excluding such costs is useful to blackrock because it creates consistency in the treatment for certain contracts for similar services , which due to the terms of the contracts , are accounted for under gaap on a net basis within investment advisory , administration fees and securities lending revenue . amortization of deferred sales commissions is excluded from revenue used for operating margin measurement , as adjusted , because such costs , over time , offset distribution fee revenue earned by the company . reimbursable property management compensation represented com- pensation and benefits paid to personnel of metric property management , inc . ( 201cmetric 201d ) , a subsidiary of blackrock realty advisors , inc . ( 201crealty 201d ) . prior to the transfer in 2008 , these employees were retained on metric 2019s payroll when certain properties were acquired by realty 2019s clients . the related compensation and benefits were fully reimbursed by realty 2019s clients and have been excluded from revenue used for operating margin , as adjusted , because they did not bear an economic cost to blackrock . for each of these items , blackrock excludes from revenue used for operating margin , as adjusted , the costs related to each of these items as a proxy for such offsetting revenues . ( b ) non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests , as adjusted : non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests ( 201cnci 201d ) , as adjusted , equals non-operating income ( expense ) , gaap basis , less net income ( loss ) attributable to nci , gaap basis , adjusted for compensation expense associated with depreciation/ ( appreciation ) on investments related to certain blackrock deferred compensation plans . the compensation expense offset is recorded in operating income . this compensation expense has been included in non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , to offset returns on investments set aside for these plans , which are reported in non-operating income ( expense ) , gaap basis. . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>yearended december 31 , 2010</td><td>yearended december 31 , 2009</td><td>yearended december 31 , 2008</td></tr><tr><td>2</td><td>non-operating income ( expense ) gaap basis</td><td>$ 23</td><td>$ -6 ( 6 )</td><td>$ -577 ( 577 )</td></tr><tr><td>3</td><td>less : net income ( loss ) attributable to nci</td><td>-13 ( 13 )</td><td>22</td><td>-155 ( 155 )</td></tr><tr><td>4</td><td>non-operating income ( expense ) ( 1 )</td><td>36</td><td>-28 ( 28 )</td><td>-422 ( 422 )</td></tr><tr><td>5</td><td>compensation expense related to ( appreciation ) /depreciation on deferred compensation plans</td><td>-11 ( 11 )</td><td>-18 ( 18 )</td><td>38</td></tr><tr><td>6</td><td>non-operating income ( expense ) less net income ( loss ) attributable to nci as adjusted</td><td>$ 25</td><td>$ -46 ( 46 )</td><td>$ -384 ( 384 )</td></tr></table> non-operating income ( expense ) ( 1 ) 36 ( 28 ) ( 422 ) compensation expense related to ( appreciation ) / depreciation on deferred compensation plans ( 11 ) ( 18 ) 38 non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted $ 25 ( $ 46 ) ( $ 384 ) ( 1 ) net of net income ( loss ) attributable to non-controlling interests . management believes that non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides for comparability of this information to prior periods and is an effective measure for reviewing blackrock 2019s non-operating contribution to its results . as compensation expense associated with ( appreciation ) /depreciation on investments related to certain deferred compensation plans , which is included in operating income , offsets the gain/ ( loss ) on the investments set aside for these plans , management believes that non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides a useful measure , for both management and investors , of blackrock 2019s non-operating results that impact book value. .\nQuestion: what was the non-operating income ( expense ) gaap basis in 2010?\nAnswer: 23.0\nQuestion: and what was it in the year before?\nAnswer: 6.0\nQuestion: by how much, then, did it increase over the period?\n"
},
{
"role": "agent",
"content": "29.0"
}
] |
CONVFINQA2343
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwere more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) . com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s . coated papers and u.s . market pulp busi- nesses were offset by lower earnings in the u.s . un- coated papers and the european papers businesses . the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand . this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders . printing papers in millions 2005 2004 2003 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>sales</td><td>$ 7860</td><td>$ 7670</td><td>$ 7280</td></tr><tr><td>3</td><td>operating profit</td><td>$ 552</td><td>$ 581</td><td>$ 464</td></tr></table> uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 . sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 . favorable pricing momentum which began in 2004 carried over into the beginning of 2005 . demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters . however , prices stabilized as the year ended . total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 . to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period . demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness . mill operations were favorable compared to last year , and the rebuild of the no . 1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter . however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 . the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations . average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels . sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 . earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements . earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year . coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 . the business reported an operating profit in 2005 versus a small operating loss in 2004 . the earnings improvement was driven by higher average sales prices and improved mill operations . price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 . higher input costs for raw materials and energy partially offset the benefits from improved prices and operations . sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 . market pulp sales from our u.s . and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively . operating profits in 2005 were up 86% ( 86 % ) from 2004 . an operating loss had been reported in 2003 . higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs . u.s . softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end . softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 . u.s . pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand . euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively . brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 . sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades . favorable currency translation , as yearly average real exchange rates versus the u.s . dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s . dollars . average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) . operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 . earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .\nQuestion: what was the amount of uncoated papers sales in 2005, in millions?\n"
},
{
"role": "agent",
"content": "4800.0"
}
] |
CONVFINQA5604
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmeasurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite . <table class='wikitable'><tr><td>1</td><td>measurement pointdecember 31</td><td>booking holdings inc .</td><td>nasdaqcomposite index</td><td>s&p 500index</td><td>rdg internetcomposite</td></tr><tr><td>2</td><td>2012</td><td>100.00</td><td>100.00</td><td>100.00</td><td>100.00</td></tr><tr><td>3</td><td>2013</td><td>187.37</td><td>141.63</td><td>132.39</td><td>163.02</td></tr><tr><td>4</td><td>2014</td><td>183.79</td><td>162.09</td><td>150.51</td><td>158.81</td></tr><tr><td>5</td><td>2015</td><td>205.51</td><td>173.33</td><td>152.59</td><td>224.05</td></tr><tr><td>6</td><td>2016</td><td>236.31</td><td>187.19</td><td>170.84</td><td>235.33</td></tr><tr><td>7</td><td>2017</td><td>280.10</td><td>242.29</td><td>208.14</td><td>338.52</td></tr></table> sales of unregistered securities between october 1 , 2017 and december 31 , 2017 , we issued 103343 shares of our common stock in connection with the conversion of $ 196.1 million principal amount of our 1.0% ( 1.0 % ) convertible senior notes due 2018 . the conversions were effected in accordance with the indenture , which provides that the principal amount of converted notes be paid in cash and the conversion premium be paid in cash and/or shares of common stock at our election . in each case , we chose to pay the conversion premium in shares of common stock ( fractional shares are paid in cash ) . the issuances of the shares were not registered under the securities act of 1933 , as amended ( the \"act\" ) pursuant to section 3 ( a ) ( 9 ) of the act. .\nQuestion: what was the difference between the booking holdings inc. of 2017 and 2012?\nAnswer: 180.1\nQuestion: how much, in percentage, does that difference represent in relation to the booking holdings inc. of 2012?\nAnswer: 1.801\nQuestion: and what was the difference between the s&p 500 index of 2017 and 2012?\nAnswer: 108.14\nQuestion: how much, in percentage, does that difference represent in relation to the s&p 500 index of 2012?\n"
},
{
"role": "agent",
"content": "1.0814"
}
] |
CONVFINQA6155
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175 securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received . securities borrowed consist primarily of government and equity securities . jpmorgan chase moni- tors the market value of the securities borrowed and lent on a daily basis and calls for additional collateral when appropriate . fees received or paid in connection with securities borrowed and lent are recorded in interest income or interest expense . the following table details the components of collateralized financings. . <table class='wikitable'><tr><td>1</td><td>december 31 ( in millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>securities purchased under resale agreements ( a )</td><td>$ 200265</td><td>$ 169305</td></tr><tr><td>3</td><td>securities borrowed ( b )</td><td>124000</td><td>84184</td></tr><tr><td>4</td><td>securities sold under repurchase agreements ( c )</td><td>$ 174456</td><td>$ 126098</td></tr><tr><td>5</td><td>securities loaned</td><td>6077</td><td>10922</td></tr></table> ( a ) includes resale agreements of $ 20.8 billion and $ 19.1 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively . ( b ) includes securities borrowed of $ 3.4 billion accounted for at fair value at december 31 , 2008 . ( c ) includes repurchase agreements of $ 3.0 billion and $ 5.8 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively . jpmorgan chase pledges certain financial instruments it owns to col- lateralize repurchase agreements and other securities financings . pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheets . at december 31 , 2008 , the firm received securities as collateral that could be repledged , delivered or otherwise used with a fair value of approximately $ 511.9 billion . this collateral was generally obtained under resale or securities borrowing agreements . of these securities , approximately $ 456.6 billion were repledged , delivered or otherwise used , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales . note 14 2013 loans the accounting for a loan may differ based upon whether it is origi- nated or purchased and as to whether the loan is used in an invest- ing or trading strategy . for purchased loans held-for-investment , the accounting also differs depending on whether a loan is credit- impaired at the date of acquisition . purchased loans with evidence of credit deterioration since the origination date and for which it is probable , at acquisition , that all contractually required payments receivable will not be collected are considered to be credit-impaired . the measurement framework for loans in the consolidated financial statements is one of the following : 2022 at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees or costs , for loans held for investment ( other than purchased credit- impaired loans ) ; 2022 at the lower of cost or fair value , with valuation changes record- ed in noninterest revenue , for loans that are classified as held- for-sale ; or 2022 at fair value , with changes in fair value recorded in noninterest revenue , for loans classified as trading assets or risk managed on a fair value basis ; 2022 purchased credit-impaired loans held for investment are account- ed for under sop 03-3 and initially measured at fair value , which includes estimated future credit losses . accordingly , an allowance for loan losses related to these loans is not recorded at the acquisition date . see note 5 on pages 156 2013158 of this annual report for further information on the firm 2019s elections of fair value accounting under sfas 159 . see note 6 on pages 158 2013160 of this annual report for further information on loans carried at fair value and classified as trading assets . for loans held for investment , other than purchased credit-impaired loans , interest income is recognized using the interest method or on a basis approximating a level rate of return over the term of the loan . loans within the held-for-investment portfolio that management decides to sell are transferred to the held-for-sale portfolio . transfers to held-for-sale are recorded at the lower of cost or fair value on the date of transfer . credit-related losses are charged off to the allowance for loan losses and losses due to changes in interest rates , or exchange rates , are recognized in noninterest revenue . loans within the held-for-sale portfolio that management decides to retain are transferred to the held-for-investment portfolio at the lower of cost or fair value . these loans are subsequently assessed for impairment based on the firm 2019s allowance methodology . for a fur- ther discussion of the methodologies used in establishing the firm 2019s allowance for loan losses , see note 15 on pages 178 2013180 of this annual report . nonaccrual loans are those on which the accrual of interest is dis- continued . loans ( other than certain consumer and purchased credit- impaired loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of princi- pal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover principal and interest . loans are charged off to the allowance for loan losses when it is highly certain that a loss has been realized . interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income . in addition , the amortiza- tion of net deferred loan fees is suspended . interest income on nonaccrual loans is recognized only to the extent it is received in cash . however , where there is doubt regarding the ultimate col- lectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of such loans ( i.e. , the cost recovery method ) . loans are restored to accrual status only when future pay- ments of interest and principal are reasonably assured . consumer loans , other than purchased credit-impaired loans , are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accordance with the federal financial institutions examination council policy . for example , credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiv- ing notification of the filing of bankruptcy , whichever is earlier . residential mortgage products are generally charged off to net real- izable value at no later than 180 days past due . other consumer .\nQuestion: in the year of 2008, how much did the securities borrowed represent in relation to the total of loaned ones?\nAnswer: 20.40481\nQuestion: and as of december 31 of that year, what portion of the securities received as collateral that could be repledged, delivered or otherwise used, were actually repledged, delivered or otherwise used?\n"
},
{
"role": "agent",
"content": "0.89197"
}
] |
CONVFINQA4279
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe pnc financial services group , inc . 2013 form 10-k 29 part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2019 , there were 53986 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by our board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment . the board of directors presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve and our primary bank regulators as part of the comprehensive capital analysis and review ( ccar ) process as described in the supervision and regulation section in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and other factors that could limit our ability to pay dividends , as well as restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see the supervision and regulation section in item 1 , item 1a risk factors , the liquidity and capital management portion of the risk management section in item 7 , and note 10 borrowed funds , note 15 equity and note 18 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2018 in the table ( with introductory paragraph and notes ) in item 12 of this report . our stock transfer agent and registrar is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 www.computershare.com/pnc registered shareholders may contact computershare regarding dividends and other shareholder services . we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2018 are included in the following table : in thousands , except per share data 2018 period total shares purchased ( a ) average price paid per share total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) . <table class='wikitable'><tr><td>1</td><td>2018 period</td><td>total shares purchased ( a )</td><td>average price paid per share</td><td>total shares purchased as part of publicly announced programs ( b )</td><td>maximum number of shares that may yet be purchased under the programs ( b )</td></tr><tr><td>2</td><td>october 1 2013 31</td><td>1204</td><td>$ 128.43</td><td>1189</td><td>25663</td></tr><tr><td>3</td><td>november 1 2013 30</td><td>1491</td><td>$ 133.79</td><td>1491</td><td>24172</td></tr><tr><td>4</td><td>december 1 2013 31</td><td>3458</td><td>$ 119.43</td><td>3458</td><td>20714</td></tr><tr><td>5</td><td>total</td><td>6153</td><td>$ 124.67</td><td>-</td><td>-</td></tr></table> ( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements . note 11 employee benefit plans and note 12 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock . ( b ) on march 11 , 2015 , we announced that our board of directors approved a stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 . repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process . in june 2018 , we announced share repurchase programs of up to $ 2.0 billion for the four quarter period beginning with the third quarter of 2018 , including repurchases of up to $ 300 million related to stock issuances under employee benefit plans , in accordance with pnc's 2018 capital plan . in november 2018 , we announced an increase to these previously announced programs in the amount of up to $ 900 million in additional common share repurchases . the aggregate repurchase price of shares repurchased during the fourth quarter of 2018 was $ .8 billion . see the liquidity and capital management portion of the risk management section in item 7 of this report for more information on the authorized share repurchase programs for the period july 1 , 2018 through june 30 , 2019 . http://www.computershare.com/pnc .\nQuestion: what was the number of shares purchased in november?\nAnswer: 1491.0\nQuestion: and what was it in december?\nAnswer: 3458.0\nQuestion: what was, then, the total number of shares purchased in those two months?\n"
},
{
"role": "agent",
"content": "4949.0"
}
] |
CONVFINQA2981
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsl green realty corp . it happens here 2012 annual report 85 | 85 in april a02011 , we purchased sitq immobilier , a subsid- iary of caisse de depot et placement du quebec , or sitq 2019s , 31.5% ( 31.5 % ) economic interest in 1515 a0 broadway , thereby consoli- dating full ownership of the 1750000 a0square foot ( unaudited ) building . the transaction valued the consolidated interests at $ 1.23 a0 billion . this valuation was based on a negotiated sales agreement and took into consideration such factors as whether this was a distressed sale and whether a minority dis- count was warranted . we acquired the interest subject to the $ 458.8 a0million mortgage encumbering the property . we rec- ognized a purchase price fair value adjustment of $ 475.1 a0mil- lion upon the closing of this transaction . this property , which we initially acquired in may a02002 , was previously accounted for as an investment in unconsolidated joint ventures . in january a0 2011 , we purchased city investment fund , or cif 2019s , 49.9% ( 49.9 % ) a0interest in 521 a0fifth avenue , thereby assum- ing full ownership of the 460000 a0 square foot ( unaudited ) building . the transaction valued the consolidated interests at approximately $ 245.7 a0 million , excluding $ 4.5 a0 million of cash and other assets acquired . we acquired the interest subject to the $ 140.0 a0 million mortgage encumbering the property . we recognized a purchase price fair value adjust- ment of $ 13.8 a0million upon the closing of this transaction . in april a02011 , we refinanced the property with a new $ 150.0 a0mil- lion 2-year mortgage which carries a floating rate of interest of 200 a0basis points over the 30-day libor . in connection with that refinancing , we acquired the fee interest in the property for $ 15.0 a0million . the following summarizes our allocation of the purchase price of the assets acquired and liabilities assumed upon the closing of these 2011 acquisitions ( amounts in thousands ) : 51 east 180 110 east 1515 521 fifth 42nd street maiden lane 42nd street broadway avenue land fffd$ 44095 $ 191523 $ 34000 $ 2002 2008462700 $ 110100 . <table class='wikitable'><tr><td>1</td><td>-</td><td>51 east 42nd street</td><td>180 maiden lane</td><td>110 east 42nd street</td><td>1515 broadway</td><td>521 fifth avenue</td></tr><tr><td>2</td><td>land</td><td>$ 44095</td><td>$ 191523</td><td>$ 34000</td><td>$ 462700</td><td>$ 110100</td></tr><tr><td>3</td><td>building</td><td>33470</td><td>233230</td><td>46411</td><td>707938</td><td>146686</td></tr><tr><td>4</td><td>above market lease value</td><td>5616</td><td>7944</td><td>823</td><td>18298</td><td>3318</td></tr><tr><td>5</td><td>acquired in-place leases</td><td>4333</td><td>29948</td><td>5396</td><td>98661</td><td>23016</td></tr><tr><td>6</td><td>other assets net of other liabilities</td><td>2014</td><td>2014</td><td>2014</td><td>27127</td><td>2014</td></tr><tr><td>7</td><td>assets acquired</td><td>87514</td><td>462645</td><td>86630</td><td>1314724</td><td>283120</td></tr><tr><td>8</td><td>fair value adjustment to mortgage note payable</td><td>2014</td><td>2014</td><td>2014</td><td>-3693 ( 3693 )</td><td>2014</td></tr><tr><td>9</td><td>below market lease value</td><td>7514</td><td>20320</td><td>2326</td><td>84417</td><td>25977</td></tr><tr><td>10</td><td>liabilities assumed</td><td>7514</td><td>20320</td><td>2326</td><td>80724</td><td>25977</td></tr><tr><td>11</td><td>purchase price allocation</td><td>$ 80000</td><td>$ 442325</td><td>$ 84304</td><td>$ 1234000</td><td>$ 257143</td></tr><tr><td>12</td><td>net consideration funded by us at closing</td><td>$ 81632</td><td>$ 81835</td><td>$ 2744</td><td>$ 259228</td><td>$ 70000</td></tr><tr><td>13</td><td>equity and/or debt investment held</td><td>2014</td><td>2014</td><td>$ 16000</td><td>$ 40942</td><td>$ 41432</td></tr><tr><td>14</td><td>debt assumed</td><td>$ 2014</td><td>$ 2014</td><td>$ 65000</td><td>$ 458767</td><td>$ 140000</td></tr></table> net consideration funded by us at closing fffd$ 81632 $ 200281835 $ 20022744 $ 2002 2008259228 $ 200270000 equity and/or debt investment held fffd 2014 2014 $ 16000 $ 2002 2002 200840942 $ 200241432 debt assumed fffd$ 2002 2002 2002 2002 2008 2014 $ 2002 2002 2002 2002 2002 2008 2014 $ 65000 $ 2002 2008458767 $ 140000 2010 acquisitions | in january 2010 , we became the sole owner of 100 a0church street , a 1.05 a0million square foot ( unau- dited ) office tower located in downtown manhattan , following the successful foreclosure of the senior mezzanine loan at the property . our initial investment totaled $ 40.9 a0million , which was comprised of a 50% ( 50 % ) a0interest in the senior mezzanine loan and two other mezzanine loans at 100 a0 church street , which we acquired from gramercy capital corp . ( nyse : a0gkk ) , or gramercy , in the summer of a0 2007 . at closing of the foreclo- sure , we funded an additional $ 15.0 a0million of capital into the project as part of our agreement with wachovia bank , n.a . to extend and restructure the existing financing . gramercy declined to fund its share of this capital and instead trans- ferred its interests in the investment to us at closing . the restructured $ 139.7 a0million mortgage carries an interest rate of 350 a0basis points over the 30-day libor . the restructured mortgage , which was scheduled to mature in january a0 2013 , was repaid in march a02011 . in august a0 2010 , we acquired 125 a0 park avenue , a manhattan office tower , for $ 330 a0million . in connection with the acquisition , we assumed $ 146.25 a0million of in-place financ- ing . the 5.748% ( 5.748 % ) interest-only loan matures in october a02014 . in december a02010 , we completed the acquisition of various investments from gramercy . this acquisition included ( 1 ) a0the remaining 45% ( 45 % ) a0interest in the leased fee at 885 a0third avenue for approximately $ 39.3 a0 million plus assumed mortgage debt of approximately $ 120.4 a0million , ( 2 ) a0the remaining 45% ( 45 % ) interest in the leased fee at 2 a0 herald square for approxi- mately $ 25.6 a0 million plus assumed mortgage debt of approximately $ 86.1 a0 million and , ( 3 ) a0 the entire leased fee interest in 292 a0madison avenue for approximately $ 19.2 a0mil- lion plus assumed mortgage debt of approximately $ 59.1 a0million . these assets are all leased to third a0party operators. .\nQuestion: what was the value of the consolidated interests?\n"
},
{
"role": "agent",
"content": "245.7"
}
] |
CONVFINQA2512
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2022 international . in general , our international markets are less advanced with respect to the current technologies deployed for wireless services . as a result , demand for our communications sites is driven by continued voice network investments , new market entrants and initial 3g data network deployments . for example , in india , nationwide voice networks continue to be deployed as wireless service providers are beginning their initial investments in 3g data networks , as a result of recent spectrum auctions . in mexico and brazil , where nationwide voice networks have been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers and new market entrants to begin their initial investments in 3g data networks . in markets such as chile and peru , recent spectrum auctions have attracted new market entrants , who are expected to begin their investment in deploying nationwide voice and 3g data networks . we believe demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks . rental and management operations new site revenue growth . during the year ended december 31 , 2010 , we grew our portfolio of communications sites through acquisitions and construction activities , including the acquisition and construction of approximately 7800 sites . we continue to evaluate opportunities to acquire larger communications site portfolios , both domestically and internationally , that we believe we can effectively integrate into our existing portfolio. . <table class='wikitable'><tr><td>1</td><td>new sites ( acquired or constructed )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>domestic</td><td>947</td><td>528</td><td>160</td></tr><tr><td>3</td><td>international ( 1 )</td><td>6865</td><td>3022</td><td>801</td></tr></table> ( 1 ) the majority of sites acquired or constructed internationally during 2010 and 2009 were in india and our newly launched operations in chile , colombia and peru . network development services segment revenue growth . as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a small percentage of our total revenues . through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites . rental and management operations expenses . our rental and management operations expenses include our direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance and utilities . these segment level expenses exclude all segment and corporate level selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense . in general , our rental and management segment level selling , general and administrative expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow . in geographic areas where we have recently launched operations or are focused on materially expanding our site footprint , we may incur additional segment level selling , general and administrative expenses as we increase our presence in these areas . our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities . reit election . as we review our tax strategy and assess the utilization of our federal and state nols , we are actively considering an election to a reit for u.s . federal and , where applicable , state income tax purposes . we may make the determination to elect reit status for the taxable year beginning january 1 , 2012 , as early as the second half of 2011 , subject to the approval of our board of directors , although there is no certainty as to the timing of a reit election or whether we will make a reit election at all. .\nQuestion: what was the value of new sites, acquired or constructed domestically in 2010?\nAnswer: 947.0\nQuestion: what was the value internationally?\nAnswer: 6865.0\nQuestion: what was the total value?\nAnswer: 7812.0\nQuestion: what is the share of international sites over the total value?\n"
},
{
"role": "agent",
"content": "0.87878"
}
] |
CONVFINQA9868
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 net interest income 2013 versus 2012 . net interest income on the consolidated statements of earnings was $ 3.39 billion for 2013 , 13% ( 13 % ) lower than 2012 . the decrease compared with 2012 was primarily due to lower average yields on financial instruments owned , at fair value , partially offset by lower interest expense on financial instruments sold , but not yet purchased , at fair value and collateralized financings . 2012 versus 2011 . net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 . the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value and collateralized agreements . see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income . operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment . the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2013</td><td>year ended december 2012</td><td>year ended december 2011</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 12613</td><td>$ 12944</td><td>$ 12223</td></tr><tr><td>3</td><td>brokerage clearing exchange anddistribution fees</td><td>2341</td><td>2208</td><td>2463</td></tr><tr><td>4</td><td>market development</td><td>541</td><td>509</td><td>640</td></tr><tr><td>5</td><td>communications and technology</td><td>776</td><td>782</td><td>828</td></tr><tr><td>6</td><td>depreciation and amortization</td><td>1322</td><td>1738</td><td>1865</td></tr><tr><td>7</td><td>occupancy</td><td>839</td><td>875</td><td>1030</td></tr><tr><td>8</td><td>professional fees</td><td>930</td><td>867</td><td>992</td></tr><tr><td>9</td><td>insurance reserves1</td><td>176</td><td>598</td><td>529</td></tr><tr><td>10</td><td>other expenses</td><td>2931</td><td>2435</td><td>2072</td></tr><tr><td>11</td><td>total non-compensation expenses</td><td>9856</td><td>10012</td><td>10419</td></tr><tr><td>12</td><td>total operating expenses</td><td>$ 22469</td><td>$ 22956</td><td>$ 22642</td></tr><tr><td>13</td><td>total staff at period-end</td><td>32900</td><td>32400</td><td>33300</td></tr></table> 1 . related revenues are included in 201cmarket making 201d in the consolidated statements of earnings . goldman sachs 2013 annual report 45 .\nQuestion: what percentage did the net interest income in 2012 represent in relation to the 2011 one?\nAnswer: 75.0\nQuestion: and what was that 2012 net interest income?\n"
},
{
"role": "agent",
"content": "3.88"
}
] |
CONVFINQA4489
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 gulf states , inc . management's financial discussion and analysis . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in millions )</td></tr><tr><td>2</td><td>2003 net revenue</td><td>$ 1110.1</td></tr><tr><td>3</td><td>volume/weather</td><td>26.7</td></tr><tr><td>4</td><td>net wholesale revenue</td><td>13.0</td></tr><tr><td>5</td><td>summer capacity charges</td><td>5.5</td></tr><tr><td>6</td><td>price applied to unbilled sales</td><td>4.8</td></tr><tr><td>7</td><td>fuel recovery revenues</td><td>-14.2 ( 14.2 )</td></tr><tr><td>8</td><td>other</td><td>3.9</td></tr><tr><td>9</td><td>2004 net revenue</td><td>$ 1149.8</td></tr></table> the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector . billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors . the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers . summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 . the amortization of these capacity charges began in june 2002 and ended in may 2003 . the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales . fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates . entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds . these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 . gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions . the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase . fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above . other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 . the amortization of these charges began in june 2002 and ended in may 2003 . 2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2003 to 2002. .\nQuestion: what was 2004 net revenue?\nAnswer: 1149.8\nQuestion: what was net revenue in 2003?\nAnswer: 1110.1\nQuestion: what is the net change in revenue?\nAnswer: 39.7\nQuestion: what is the value of volume/weather divided by the revenue change?\n"
},
{
"role": "agent",
"content": "0.67254"
}
] |
CONVFINQA4437
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmasco corporation notes to consolidated financial statements ( continued ) t . other commitments and contingencies litigation . we are subject to claims , charges , litigation and other proceedings in the ordinary course of our business , including those arising from or related to contractual matters , intellectual property , personal injury , environmental matters , product liability , construction defect , insurance coverage , personnel and employment disputes and other matters , including class actions . we believe we have adequate defenses in these matters and that the outcome of these matters is not likely to have a material adverse effect on us . however , there is no assurance that we will prevail in these matters , and we could in the future incur judgments , enter into settlements of claims or revise our expectations regarding the outcome of these matters , which could materially impact our results of operations . in july 2012 , the company reached a settlement agreement related to the columbus drywall litigation . the company and its insulation installation companies named in the suit agreed to pay $ 75 million in return for dismissal with prejudice and full release of all claims . the company and its insulation installation companies continue to deny that the challenged conduct was unlawful and admit no wrongdoing as part of the settlement . a settlement was reached to eliminate the considerable expense and uncertainty of this lawsuit . the company recorded the settlement expense in the second quarter of 2012 and the amount was paid in the fourth quarter of 2012 . warranty . at the time of sale , the company accrues a warranty liability for the estimated cost to provide products , parts or services to repair or replace products in satisfaction of warranty obligations . during the third quarter of 2012 , a business in the other specialty products segment recorded a $ 12 million increase in expected future warranty claims resulting from the completion of an analysis prepared by the company based upon its periodic assessment of recent business unit specific operating trends including , among others , home ownership demographics , sales volumes , manufacturing quality , an analysis of recent warranty claim activity and an estimate of current costs to service anticipated claims . changes in the company 2019s warranty liability were as follows , in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 102</td><td>$ 107</td></tr><tr><td>3</td><td>accruals for warranties issued during the year</td><td>42</td><td>28</td></tr><tr><td>4</td><td>accruals related to pre-existing warranties</td><td>16</td><td>8</td></tr><tr><td>5</td><td>settlements made ( in cash or kind ) during the year</td><td>-38 ( 38 )</td><td>-38 ( 38 )</td></tr><tr><td>6</td><td>other net ( including currency translation )</td><td>-4 ( 4 )</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>balance at december 31</td><td>$ 118</td><td>$ 102</td></tr></table> investments . with respect to the company 2019s investments in private equity funds , the company had , at december 31 , 2012 , commitments to contribute up to $ 19 million of additional capital to such funds representing the company 2019s aggregate capital commitment to such funds less capital contributions made to date . the company is contractually obligated to make additional capital contributions to certain of its private equity funds upon receipt of a capital call from the private equity fund . the company has no control over when or if the capital calls will occur . capital calls are funded in cash and generally result in an increase in the carrying value of the company 2019s investment in the private equity fund when paid. .\nQuestion: what was the value of accruals for warranties issued during the year 2012?\nAnswer: 42.0\nQuestion: what was the value of accruals for warranties issued during the year 2011?\n"
},
{
"role": "agent",
"content": "28.0"
}
] |
CONVFINQA8211
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) maturities 2014as of december 31 , 2003 , aggregate principal payments of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2004</td><td>$ 77622</td></tr><tr><td>2</td><td>2005</td><td>115444</td></tr><tr><td>3</td><td>2006</td><td>365051</td></tr><tr><td>4</td><td>2007</td><td>728153</td></tr><tr><td>5</td><td>2008</td><td>808043</td></tr><tr><td>6</td><td>thereafter</td><td>1650760</td></tr><tr><td>7</td><td>total cash obligations</td><td>3745073</td></tr><tr><td>8</td><td>accreted value of original issue discount of the ati 12.25% ( 12.25 % ) notes</td><td>-339601 ( 339601 )</td></tr><tr><td>9</td><td>accreted value of the related warrants</td><td>-44247 ( 44247 )</td></tr><tr><td>10</td><td>balance as of december 31 2003</td><td>$ 3361225</td></tr></table> the holders of the company 2019s convertible notes have the right to require the company to repurchase their notes on specified dates prior to their maturity dates in 2009 and 2010 , but the company may pay the purchase price by issuing shares of class a common stock , subject to certain conditions . obligations with respect to the right of the holders to put the 6.25% ( 6.25 % ) notes and 5.0% ( 5.0 % ) notes have been included in the table above as if such notes mature on the date of their put rights in 2006 and 2007 , respectively . ( see note 19. ) 8 . derivative financial instruments under the terms of the credit facilities , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt . 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 is 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 , 2003 are with credit worthy institutions . as of december 31 , 2003 , the company had three interest rate caps outstanding that include an aggregate notional amount of $ 500.0 million ( each at an interest rate of 5% ( 5 % ) ) and expire in 2004 . as of december 31 , 2003 and 2002 , liabilities related to derivative financial instruments of $ 0.0 million and $ 15.5 million are reflected in other long-term liabilities in the accompanying consolidated balance sheet . during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations . during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations . hedge ineffectiveness resulted in a gain of approximately $ 1.0 million and a loss of approximately $ 2.2 million for the years ended december 31 , 2002 and 2001 , respectively , which are recorded in loss on investments and other expense in the accompanying consolidated statements of operations for those periods . the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in loss on investments and other expense . the company does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2003. .\nQuestion: what was the balance as of december 2013?\n"
},
{
"role": "agent",
"content": "3361225.0"
}
] |
CONVFINQA11004
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncorporate/other corporate/other includes certain unallocated costs of global staff functions ( including finance , risk , human resources , legal and compliance ) , other corporate expenses and unallocated global operations and technology expenses and income taxes , as well as corporate treasury , certain north america legacy consumer loan portfolios , other legacy assets and discontinued operations ( for additional information on corporate/other , see 201ccitigroup segments 201d above ) . at december 31 , 2018 , corporate/other had $ 91 billion in assets , an increase of 17% ( 17 % ) from the prior year . in millions of dollars 2018 2017 2016 % ( % ) change 2018 vs . 2017 % ( % ) change 2017 vs . 2016 . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2018</td><td>2017</td><td>2016</td><td>% ( % ) change2018 vs . 2017</td><td>% ( % ) change2017 vs . 2016</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ 2254</td><td>$ 2000</td><td>$ 3045</td><td>13% ( 13 % )</td><td>( 34 ) % ( % )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-171 ( 171 )</td><td>1132</td><td>2188</td><td>nm</td><td>-48 ( 48 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ 2083</td><td>$ 3132</td><td>$ 5233</td><td>( 33 ) % ( % )</td><td>( 40 ) % ( % )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 2272</td><td>$ 3814</td><td>$ 5042</td><td>( 40 ) % ( % )</td><td>( 24 ) % ( % )</td></tr><tr><td>6</td><td>net credit losses</td><td>$ 21</td><td>$ 149</td><td>$ 435</td><td>( 86 ) % ( % )</td><td>( 66 ) % ( % )</td></tr><tr><td>7</td><td>credit reserve build ( release )</td><td>-218 ( 218 )</td><td>-317 ( 317 )</td><td>-456 ( 456 )</td><td>31</td><td>30</td></tr><tr><td>8</td><td>provision ( release ) for unfunded lending commitments</td><td>-3 ( 3 )</td><td>2014</td><td>-8 ( 8 )</td><td>2014</td><td>100</td></tr><tr><td>9</td><td>provision for benefits and claims</td><td>-2 ( 2 )</td><td>-7 ( 7 )</td><td>98</td><td>71</td><td>nm</td></tr><tr><td>10</td><td>provisions for credit losses and for benefits and claims</td><td>$ -202 ( 202 )</td><td>$ -175 ( 175 )</td><td>$ 69</td><td>-15 ( 15 )</td><td>nm</td></tr><tr><td>11</td><td>income ( loss ) from continuing operations before taxes</td><td>$ 13</td><td>$ -507 ( 507 )</td><td>$ 122</td><td>nm</td><td>nm</td></tr><tr><td>12</td><td>income taxes ( benefits )</td><td>-113 ( 113 )</td><td>19064</td><td>-455 ( 455 )</td><td>nm</td><td>nm</td></tr><tr><td>13</td><td>income ( loss ) from continuing operations</td><td>$ 126</td><td>$ -19571 ( 19571 )</td><td>$ 577</td><td>nm</td><td>nm</td></tr><tr><td>14</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-8 ( 8 )</td><td>-111 ( 111 )</td><td>-58 ( 58 )</td><td>93</td><td>-91 ( 91 )</td></tr><tr><td>15</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ 118</td><td>$ -19682 ( 19682 )</td><td>$ 519</td><td>nm</td><td>nm</td></tr><tr><td>16</td><td>noncontrolling interests</td><td>11</td><td>-6 ( 6 )</td><td>-2 ( 2 )</td><td>nm</td><td>nm</td></tr><tr><td>17</td><td>net income ( loss )</td><td>$ 107</td><td>$ -19676 ( 19676 )</td><td>$ 521</td><td>nm</td><td>nm</td></tr></table> nm not meaningful 2018 vs . 2017 net income was $ 107 million in 2018 , compared to a net loss of $ 19.7 billion in the prior year , primarily driven by the $ 19.8 billion one-time , non-cash charge recorded in the tax line in 2017 due to the impact of tax reform . results in 2018 included the one-time benefit of $ 94 million in the tax line , related to tax reform . for additional information , see 201csignificant accounting policies and significant estimates 2014income taxes 201d below . excluding the one-time impact of tax reform in 2018 and 2017 , net income decreased 92% ( 92 % ) , reflecting lower revenues , partially offset by lower expenses , lower cost of credit and tax benefits related to the reorganization of certain non-u.s . subsidiaries . the tax benefits were largely offset by the release of a foreign currency translation adjustment ( cta ) from aoci to earnings ( for additional information on the cta release , see note 19 to the consolidated financial statements ) . revenues decreased 33% ( 33 % ) , driven by the continued wind-down of legacy assets . expenses decreased 40% ( 40 % ) , primarily driven by the wind-down of legacy assets , lower infrastructure costs and lower legal expenses . provisions decreased $ 27 million to a net benefit of $ 202 million , primarily due to lower net credit losses , partially offset by a lower net loan loss reserve release . net credit losses declined 86% ( 86 % ) to $ 21 million , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the net reserve release declined by $ 96 million to $ 221 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures . 2017 vs . 2016 the net loss was $ 19.7 billion , compared to net income of $ 521 million in the prior year , primarily driven by the one-time impact of tax reform . excluding the one-time impact of tax reform , net income declined 69% ( 69 % ) to $ 168 million , reflecting lower revenues , partially offset by lower expenses and lower cost of credit . revenues declined 40% ( 40 % ) , primarily reflecting the continued wind-down of legacy assets and the absence of gains related to debt buybacks in 2016 . revenues included approximately $ 750 million in gains on asset sales in the first quarter of 2017 , which more than offset a roughly $ 300 million charge related to the exit of citi 2019s u.s . mortgage servicing operations in the quarter . expenses declined 24% ( 24 % ) , reflecting the wind-down of legacy assets and lower legal expenses , partially offset by approximately $ 100 million in episodic expenses primarily related to the exit of the u.s . mortgage servicing operations . also included in expenses is an approximately $ 255 million provision for remediation costs related to a card act matter in 2017 . provisions decreased $ 244 million to a net benefit of $ 175 million , primarily due to lower net credit losses and a lower provision for benefits and claims , partially offset by a lower net loan loss reserve release . net credit losses declined 66% ( 66 % ) , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the decline in the provision for benefits and claims was primarily due to lower insurance activity . the net reserve release declined $ 147 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures. .\nQuestion: what is the net change in total revenues net of interest expense from 2016 to 2018?\nAnswer: -3150.0\nQuestion: what about the total revenues net of interest expense in 2016?\nAnswer: 5233.0\nQuestion: what percentage change does this represent?\nAnswer: -0.60195\nQuestion: what is the operating expenses in 2018?\nAnswer: 2272.0\nQuestion: what about in 2016?\nAnswer: 5042.0\nQuestion: net change in operating expenses?\nAnswer: -2770.0\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "-0.54939"
}
] |
CONVFINQA9364
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2016 , and 2015 included $ 1997 million , net of $ 1121 million of accumulated depreciation , and $ 2273 million , net of $ 1189 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2016 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2017</td><td>$ 461</td><td>$ 221</td></tr><tr><td>3</td><td>2018</td><td>390</td><td>193</td></tr><tr><td>4</td><td>2019</td><td>348</td><td>179</td></tr><tr><td>5</td><td>2020</td><td>285</td><td>187</td></tr><tr><td>6</td><td>2021</td><td>245</td><td>158</td></tr><tr><td>7</td><td>later years</td><td>1314</td><td>417</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 3043</td><td>$ 1355</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-250 ( 250 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1105</td></tr></table> approximately 96% ( 96 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 535 million in 2016 , $ 590 million in 2015 , and $ 593 million in 2014 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 94% ( 94 % ) of the recorded liability is related to asserted claims and approximately 6% ( 6 % ) is related to unasserted claims at december 31 , 2016 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 290 million to $ 317 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .\nQuestion: in the year of 2016, how much did the future total minimum operating lease payments due in 2017 represent in relation to the total operating lease payments, in percentage?\nAnswer: 0.1515\nQuestion: and what would be those total payments if terms greater than 12 months were to be included?\nAnswer: 3578.0\nQuestion: what percentage would those terms represent in relation to this total?\n"
},
{
"role": "agent",
"content": "0.14952"
}
] |
CONVFINQA5148
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) liquidity and capital resources snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing . snap-on believes that its cash from operations and collections of finance receivables , coupled with its sources of borrowings and available cash on hand , are sufficient to fund its currently anticipated requirements for scheduled debt payments ( including the march 2014 repayment of $ 100.0 million of 5.85% ( 5.85 % ) unsecured notes upon maturity ) , payments of interest and dividends , new receivables originated by our financial services businesses , capital expenditures , working capital , restructuring activities , the funding of pension plans , and funding for additional share repurchases and acquisitions , if any . due to snap-on 2019s credit rating over the years , external funds have been available at an acceptable cost . as of the close of business on february 7 , 2014 , snap-on 2019s long-term debt and commercial paper were rated , respectively , a3 and p-2 by moody 2019s investors service ; a- and a-2 by standard & poor 2019s ; and a- and f2 by fitch ratings . snap-on believes that its current credit arrangements are sound and that the strength of its balance sheet affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions . however , snap-on cannot provide any assurances of the availability of future financing or the terms on which it might be available , or that its debt ratings may not decrease . the following discussion focuses on information included in the accompanying consolidated balance sheets . as of 2013 year end , working capital ( current assets less current liabilities ) of $ 1080.8 million increased $ 1.0 million from $ 1079.8 million as of 2012 year end . the following represents the company 2019s working capital position as of 2013 and 2012 year end : ( amounts in millions ) 2013 2012 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 217.6</td><td>$ 214.5</td></tr><tr><td>3</td><td>trade and other accounts receivable 2013 net</td><td>531.6</td><td>497.9</td></tr><tr><td>4</td><td>finance receivables 2013 net</td><td>374.6</td><td>323.1</td></tr><tr><td>5</td><td>contract receivables 2013 net</td><td>68.4</td><td>62.7</td></tr><tr><td>6</td><td>inventories 2013 net</td><td>434.4</td><td>404.2</td></tr><tr><td>7</td><td>other current assets</td><td>169.6</td><td>166.6</td></tr><tr><td>8</td><td>total current assets</td><td>1796.2</td><td>1669.0</td></tr><tr><td>9</td><td>notes payable and current maturities of long-term debt</td><td>-113.1 ( 113.1 )</td><td>-5.2 ( 5.2 )</td></tr><tr><td>10</td><td>accounts payable</td><td>-155.6 ( 155.6 )</td><td>-142.5 ( 142.5 )</td></tr><tr><td>11</td><td>other current liabilities</td><td>-446.7 ( 446.7 )</td><td>-441.5 ( 441.5 )</td></tr><tr><td>12</td><td>total current liabilities</td><td>-715.4 ( 715.4 )</td><td>-589.2 ( 589.2 )</td></tr><tr><td>13</td><td>working capital</td><td>$ 1080.8</td><td>$ 1079.8</td></tr></table> cash and cash equivalents of $ 217.6 million as of 2013 year end compared to cash and cash equivalents of $ 214.5 million at 2012 year end . the $ 3.1 million net increase in cash and cash equivalents includes the impacts of ( i ) $ 508.8 million of cash from collections of finance receivables ; ( ii ) $ 392.6 million of cash generated from operations , net of $ 24.3 million of discretionary cash contributions to the company 2019s pension plans ; ( iii ) $ 29.2 million of cash proceeds from stock purchase and option plan exercises ; and ( iv ) $ 8.4 million of cash proceeds from the sale of property and equipment . these increases in cash and cash equivalents were largely offset by ( i ) the funding of $ 651.3 million of new finance receivables ; ( ii ) dividend payments to shareholders of $ 92.0 million ; ( iii ) the repurchase of 926000 shares of the company 2019s common stock for $ 82.6 million ; ( iv ) the funding of $ 70.6 million of capital expenditures ; and ( v ) the may 2013 acquisition of challenger for a cash purchase price of $ 38.2 million . of the $ 217.6 million of cash and cash equivalents as of 2013 year end , $ 124.3 million was held outside of the united states . snap-on considers these non-u.s . funds as permanently invested in its foreign operations to ( i ) provide adequate working capital ; ( ii ) satisfy various regulatory requirements ; and/or ( iii ) take advantage of business expansion opportunities as they arise ; as such , the company does not presently expect to repatriate these funds to fund its u.s . operations or obligations . the repatriation of cash from certain foreign subsidiaries could have adverse net tax consequences on the company should snap-on be required to pay and record u.s . income taxes and foreign withholding taxes on funds that were previously considered permanently invested . alternatively , the repatriation of such cash from certain other foreign subsidiaries could result in favorable net tax consequences for the company . snap-on periodically evaluates opportunities to repatriate certain foreign cash amounts to the extent that it does not incur additional unfavorable net tax consequences . 46 snap-on incorporated .\nQuestion: what was the balance of inventories in 2013?\n"
},
{
"role": "agent",
"content": "434.4"
}
] |
CONVFINQA1800
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrisks 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 in recent years . 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 . 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>2016</td><td>$ 301.2</td></tr><tr><td>4</td><td>2015</td><td>53.8</td></tr><tr><td>5</td><td>2014</td><td>56.3</td></tr><tr><td>6</td><td>2013</td><td>194.0</td></tr><tr><td>7</td><td>2012</td><td>410.0</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 change in pre-tax catastrophe losses from 2015 to 2016?\n"
},
{
"role": "agent",
"content": "247.4"
}
] |
CONVFINQA6125
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncommon stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors . we have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations . in the future , we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions . there were no repurchases of our series a and b common stock during the three months ended december 31 , 2013 . the company first announced its stock repurchase program on august 3 , 2010 . stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2008 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2009 , 2010 , 2011 , 2012 and 2013 . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 312008</td><td>december 312009</td><td>december 312010</td><td>december 312011</td><td>december 312012</td><td>december 312013</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 216.60</td><td>$ 294.49</td><td>$ 289.34</td><td>$ 448.31</td><td>$ 638.56</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 207.32</td><td>$ 287.71</td><td>$ 277.03</td><td>$ 416.52</td><td>$ 602.08</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 198.06</td><td>$ 274.01</td><td>$ 281.55</td><td>$ 436.89</td><td>$ 626.29</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 123.45</td><td>$ 139.23</td><td>$ 139.23</td><td>$ 157.90</td><td>$ 204.63</td></tr><tr><td>6</td><td>peer group</td><td>$ 100.00</td><td>$ 151.63</td><td>$ 181.00</td><td>$ 208.91</td><td>$ 286.74</td><td>$ 454.87</td></tr></table> equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2014 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .\nQuestion: what was the price of disca as of 12/31/13?\nAnswer: 638.56\nQuestion: and the difference between this value and the starting price in 12/31/08?\nAnswer: 538.56\nQuestion: so what was the percentage change?\n"
},
{
"role": "agent",
"content": "5.3856"
}
] |
CONVFINQA5806
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2012 ppg annual report and form 10-k 45 costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the \"2010 credit agreement\" ) which was subsequently terminated in july 2012 . the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into the 2010 credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the 2010 credit agreement was set to terminate on august 5 , 2013 . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2012 and 2011 , was as follows: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011</td><td>$ 39</td><td>$ 33</td></tr><tr><td>3</td><td>total</td><td>$ 39</td><td>$ 33</td></tr></table> ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2012 , total indebtedness was 42% ( 42 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively . the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa . minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter . the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 . the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business . as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively . the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses . a portion of such debt is secured by the assets of the related entities . the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively . the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee . both streams were discounted at a risk free rate of return . the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely . 9 . fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value . level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available . level 2 inputs are observable prices that are not quoted on active exchanges . level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities . table of contents notes to the consolidated financial statements .\nQuestion: what was the sum outstanding letters of credit and surety bonds?\nAnswer: 119.0\nQuestion: what was the value of guarantees?\n"
},
{
"role": "agent",
"content": "96.0"
}
] |
CONVFINQA5199
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s . subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s . tax cost of approximately $ 250 million and $ 110 million , respectively . the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions . in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed . the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 . additionally , the internal revenue service has completed its examination of the company 2019s u.s . federal income tax returns filed for years through 2010 . the examination of the company 2019s u.s . federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 . a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 82</td><td>$ 107</td><td>$ 111</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>12</td><td>12</td><td>15</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9</td><td>2</td><td>17</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-10 ( 10 )</td><td>-12 ( 12 )</td><td>-19 ( 19 )</td></tr><tr><td>6</td><td>pre-acquisition unrecognized tax benefits</td><td>2014</td><td>2</td><td>2014</td></tr><tr><td>7</td><td>reductions for expiration of the applicable statute of limitations</td><td>-10 ( 10 )</td><td>-6 ( 6 )</td><td>-7 ( 7 )</td></tr><tr><td>8</td><td>settlements</td><td>2014</td><td>-23 ( 23 )</td><td>-8 ( 8 )</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2</td><td>2014</td><td>-2 ( 2 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 85</td><td>$ 82</td><td>$ 107</td></tr></table> the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant . the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 . the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense . as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively . the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties . the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 . 13 . pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide . the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k . which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s . defined benefit pension plans represent the majority . ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s . and canadian employees and their dependents . these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion . the company has the right to modify or terminate certain of these benefit plans in the future . salaried and certain hourly employees in the u.s . hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits . salaried employees in the u.s . hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s . hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan . these employees are not eligible for defined benefit pension plan benefits . plan design changes in january 2011 , the company approved an amendment to one of its u.s . defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s . projected benefit obligation at december 31 , 2011 . depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 . the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen . the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million . the company made similar changes to certain other u.s . defined benefit pension plans in 2011 . the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 . the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future . separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements .\nQuestion: what was the increase in the balance of unrecognized tax benefits from 2012 to 2013?\nAnswer: 0.76636\nQuestion: and what was that increase from 2011 to 2012?\nAnswer: 1.03659\nQuestion: what is, then, the sum of these increases?\n"
},
{
"role": "agent",
"content": "1.80294"
}
] |
CONVFINQA8134
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .\nQuestion: what was the change in global cruise guests from 2011 to 2012?\nAnswer: 0.7\nQuestion: and was the total of global cruise guests in 2011?\nAnswer: 20.2\nQuestion: how much, then, does that change represent in relation to this 2011 total?\nAnswer: 0.03465\nQuestion: what was the change in global cruise guests from 2012 to 2013?\nAnswer: 0.4\nQuestion: and how much does that change represent in relation to the global cruise guests in 2012, in percentage?\n"
},
{
"role": "agent",
"content": "0.01914"
}
] |
CONVFINQA8199
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nliquidity and capital resources the major components of changes in cash flows for 2016 , 2015 and 2014 are discussed in the following paragraphs . the following table summarizes our cash flow from operating activities , investing activities and financing activities for the years ended december 31 , 2016 , 2015 and 2014 ( in millions of dollars ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 1847.8</td><td>$ 1679.7</td><td>$ 1529.8</td></tr><tr><td>3</td><td>net cash used in investing activities</td><td>-961.2 ( 961.2 )</td><td>-1482.8 ( 1482.8 )</td><td>-959.8 ( 959.8 )</td></tr><tr><td>4</td><td>net cash used in financing activities</td><td>-851.2 ( 851.2 )</td><td>-239.7 ( 239.7 )</td><td>-708.1 ( 708.1 )</td></tr></table> cash flows provided by operating activities the most significant items affecting the comparison of our operating cash flows for 2016 and 2015 are summarized below : changes in assets and liabilities , net of effects from business acquisitions and divestitures , decreased our cash flow from operations by $ 205.2 million in 2016 , compared to a decrease of $ 316.7 million in 2015 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 52.3 million during 2016 due to the timing of billings net of collections , compared to a $ 15.7 million increase in 2015 . as of december 31 , 2016 and 2015 , our days sales outstanding were 38.1 and 38.3 days , or 26.1 and 25.8 days net of deferred revenue , respectively . 2022 our accounts payable decreased $ 9.8 million during 2016 compared to an increase of $ 35.6 million during 2015 , due to the timing of payments . 2022 cash paid for capping , closure and post-closure obligations was $ 11.0 million lower during 2016 compared to 2015 . the decrease in cash paid for capping , closure , and post-closure obligations is primarily due to payments in 2015 related to a required capping event at one of our closed landfills . 2022 cash paid for remediation obligations was $ 13.2 million lower during 2016 compared to 2015 primarily due to the timing of obligations . in addition , cash paid for income taxes was approximately $ 265 million and $ 321 million for 2016 and 2015 , respectively . income taxes paid in 2016 and 2015 reflect the favorable tax depreciation provisions of the protecting americans from tax hikes act signed into law in december 2015 as well as the realization of certain tax credits . cash paid for interest was $ 330.2 million and $ 327.6 million for 2016 and 2015 , respectively . the most significant items affecting the comparison of our operating cash flows for 2015 and 2014 are summarized below : changes in assets and liabilities , net of effects of business acquisitions and divestitures , decreased our cash flow from operations by $ 316.7 million in 2015 , compared to a decrease of $ 295.6 million in 2014 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 15.7 million during 2015 due to the timing of billings , net of collections , compared to a $ 54.3 million increase in 2014 . as of december 31 , 2015 and 2014 , our days sales outstanding were 38 days , or 26 and 25 days net of deferred revenue , respectively . 2022 our accounts payable increased $ 35.6 million and $ 3.3 million during 2015 and 2014 , respectively , due to the timing of payments as of december 31 , 2015. .\nQuestion: in 2016, what was, in millions, the total sum of the net cash provided by operating activities and the one used in investing activities?\n"
},
{
"role": "agent",
"content": "886.6"
}
] |
CONVFINQA2074
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 designate subsidiaries as unrestricted subsidiaries ; and 2022 sell certain assets or merge with or into other companies . subject to certain exceptions , the indentures governing the senior subordinated notes and the senior discount notes permit the issuers of the notes and their restricted subsidiaries to incur additional indebtedness , including secured indebtedness . in addition , the senior credit facilities require bcp crystal to maintain the following financial covenants : a maximum total leverage ratio , a maximum bank debt leverage ratio , a minimum interest coverage ratio and maximum capital expenditures limitation . the maximum consolidated net bank debt to adjusted ebitda ratio , as defined , previously required under the senior credit facilities , was eliminated when the company amended the facilities in january 2005 . as of december 31 , 2006 , the company was in compliance with all of the financial covenants related to its debt agreements . principal payments scheduled to be made on the company 2019s debt , including short term borrowings , is as follows : ( in $ millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>total ( in $ millions )</td></tr><tr><td>2</td><td>2007</td><td>309</td></tr><tr><td>3</td><td>2008</td><td>25</td></tr><tr><td>4</td><td>2009</td><td>50</td></tr><tr><td>5</td><td>2010</td><td>39</td></tr><tr><td>6</td><td>2011</td><td>1485</td></tr><tr><td>7</td><td>thereafter ( 1 )</td><td>1590</td></tr><tr><td>8</td><td>total</td><td>3498</td></tr></table> ( 1 ) includes $ 2 million purchase accounting adjustment to assumed debt . 17 . benefit obligations pension obligations . pension obligations are established for benefits payable in the form of retirement , disability and surviving dependent pensions . the benefits offered vary according to the legal , fiscal and economic conditions of each country . the commitments result from participation in defined contribution and defined benefit plans , primarily in the u.s . benefits are dependent on years of service and the employee 2019s compensation . supplemental retirement benefits provided to certain employees are non-qualified for u.s . tax purposes . separate trusts have been established for some non-qualified plans . the company sponsors defined benefit pension plans in north america , europe and asia . as of december 31 , 2006 , the company 2019s u.s . qualified pension plan represented greater than 84% ( 84 % ) and 76% ( 76 % ) of celanese 2019s pension plan assets and liabilities , respectively . independent trusts or insurance companies administer the majority of these plans . pension costs under the company 2019s retirement plans are actuarially determined . the company sponsors various defined contribution plans in north america , europe , and asia covering certain employees . employees may contribute to these plans and the company will match these contributions in varying amounts . the company 2019s matching contribution to the defined contribution plans are based on specified percentages of employee contributions and aggregated $ 11 million , $ 12 million , $ 8 million and $ 3 million for the years ended december 31 , 2006 and 2005 , the nine months ended december 31 , 2004 and the three months ended march 31 , 2004 , respectively . celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what portion of the total principal payments is due after 2011?\n"
},
{
"role": "agent",
"content": "0.45455"
}
] |
CONVFINQA5527
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndevon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) debt maturities as of december 31 , 2015 , excluding premiums and discounts , are as follows ( millions ) : . <table class='wikitable'><tr><td>1</td><td>2016</td><td>$ 976</td></tr><tr><td>2</td><td>2017</td><td>2014</td></tr><tr><td>3</td><td>2018</td><td>875</td></tr><tr><td>4</td><td>2019</td><td>1100</td></tr><tr><td>5</td><td>2020</td><td>414</td></tr><tr><td>6</td><td>thereafter</td><td>9763</td></tr><tr><td>7</td><td>total</td><td>$ 13128</td></tr></table> credit lines devon has a $ 3.0 billion senior credit facility . the maturity date for $ 30 million of the senior credit facility is october 24 , 2017 . the maturity date for $ 164 million of the senior credit facility is october 24 , 2018 . the maturity date for the remaining $ 2.8 billion is october 24 , 2019 . amounts borrowed under the senior credit facility may , at the election of devon , bear interest at various fixed rate options for periods of up to twelve months . such rates are generally less than the prime rate . however , devon may elect to borrow at the prime rate . the senior credit facility currently provides for an annual facility fee of $ 3.8 million that is payable quarterly in arrears . as of december 31 , 2015 , there were no borrowings under the senior credit facility . the senior credit facility contains only one material financial covenant . this covenant requires devon 2019s ratio of total funded debt to total capitalization , as defined in the credit agreement , to be no greater than 65% ( 65 % ) . the credit agreement contains definitions of total funded debt and total capitalization that include adjustments to the respective amounts reported in the accompanying consolidated financial statements . also , total capitalization is adjusted to add back noncash financial write-downs such as full cost ceiling impairments or goodwill impairments . as of december 31 , 2015 , devon was in compliance with this covenant with a debt-to- capitalization ratio of 23.7% ( 23.7 % ) . commercial paper devon 2019s senior credit facility supports its $ 3.0 billion of short-term credit under its commercial paper program . commercial paper debt generally has a maturity of between 1 and 90 days , although it can have a maturity of up to 365 days , and bears interest at rates agreed to at the time of the borrowing . the interest rate is generally based on a standard index such as the federal funds rate , libor or the money market rate as found in the commercial paper market . as of december 31 , 2015 , devon 2019s outstanding commercial paper borrowings had a weighted-average borrowing rate of 0.63% ( 0.63 % ) . issuance of senior notes in june 2015 , devon issued $ 750 million of 5.0% ( 5.0 % ) senior notes due 2045 that are unsecured and unsubordinated obligations . devon used the net proceeds to repay the floating rate senior notes that matured on december 15 , 2015 , as well as outstanding commercial paper balances . in december 2015 , in conjunction with the announcement of the powder river basin and stack acquisitions , devon issued $ 850 million of 5.85% ( 5.85 % ) senior notes due 2025 that are unsecured and unsubordinated obligations . devon used the net proceeds to fund the cash portion of these acquisitions. .\nQuestion: as of 2015, what was the amount of the notes issued maturing in 2045?\nAnswer: 850.0\nQuestion: and what was it for the ones maturing in 2025?\n"
},
{
"role": "agent",
"content": "750.0"
}
] |
CONVFINQA3221
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2006 and 2005. . <table class='wikitable'><tr><td>1</td><td>2006</td><td>high</td><td>low</td></tr><tr><td>2</td><td>quarter ended march 31</td><td>$ 32.68</td><td>$ 26.66</td></tr><tr><td>3</td><td>quarter ended june 30</td><td>35.75</td><td>27.35</td></tr><tr><td>4</td><td>quarter ended september 30</td><td>36.92</td><td>29.98</td></tr><tr><td>5</td><td>quarter ended december 31</td><td>38.74</td><td>35.21</td></tr><tr><td>6</td><td>2005</td><td>high</td><td>low</td></tr><tr><td>7</td><td>quarter ended march 31</td><td>$ 19.28</td><td>$ 17.30</td></tr><tr><td>8</td><td>quarter ended june 30</td><td>21.16</td><td>16.28</td></tr><tr><td>9</td><td>quarter ended september 30</td><td>25.20</td><td>20.70</td></tr><tr><td>10</td><td>quarter ended december 31</td><td>28.33</td><td>22.73</td></tr></table> on february 22 , 2007 , the closing price of our class a common stock was $ 40.38 per share as reported on the nyse . as of february 22 , 2007 , we had 419988395 outstanding shares of class a common stock and 623 registered holders . in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter . also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis . in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock . dividends we have never paid a dividend on any class of our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests . under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby . the indenture governing the terms of the ati 7.25% ( 7.25 % ) notes prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . for more information about the restrictions under our credit facilities and our notes indentures , see 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 2014factors affecting sources of liquidity 201d and note 7 to our consolidated financial statements included in this annual report. .\nQuestion: what was the difference in the share price between 12/31/06 and 2/2207?\nAnswer: 1.64\nQuestion: and the percentage growth?\n"
},
{
"role": "agent",
"content": "0.04233"
}
] |
CONVFINQA5078
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 is a schedule of future minimum rental payments required under long-term operating leases at october 30 , 2010 : fiscal years operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal years</td><td>operating leases</td></tr><tr><td>2</td><td>2011</td><td>$ 21871</td></tr><tr><td>3</td><td>2012</td><td>12322</td></tr><tr><td>4</td><td>2013</td><td>9078</td></tr><tr><td>5</td><td>2014</td><td>6381</td></tr><tr><td>6</td><td>2015</td><td>5422</td></tr><tr><td>7</td><td>later years</td><td>30655</td></tr><tr><td>8</td><td>total</td><td>$ 85729</td></tr></table> 12 . commitments and contingencies from time to time in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes . as to such claims and litigation , the company can give no assurance that it will prevail . the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows . 13 . retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees . the company maintains a defined contribution plan for the benefit of its eligible u.s . employees . this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation . in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation . the total expense related to the defined contribution plan for u.s . employees was $ 20.5 million in fiscal 2010 , $ 21.5 million in fiscal 2009 and $ 22.6 million in fiscal 2008 . the company also has various defined benefit pension and other retirement plans for certain non-u.s . employees that are consistent with local statutory requirements and practices . the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s . employees was $ 11.7 million in fiscal 2010 , $ 10.9 million in fiscal 2009 and $ 13.9 million in fiscal 2008 . during fiscal 2009 , the measurement date of the plan 2019s funded status was changed from september 30 to the company 2019s fiscal year end . non-u.s . plan disclosures the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country . the plans 2019 assets consist primarily of u.s . and non-u.s . equity securities , bonds , property and cash . the benefit obligations and related assets under these plans have been measured at october 30 , 2010 and october 31 , 2009 . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what is the total expenses related to defined contribution plan for u.s . employees in 2010?\nAnswer: 20.5\nQuestion: what about in 2009?\nAnswer: 21.5\nQuestion: what is the net change?\n"
},
{
"role": "agent",
"content": "-1.0"
}
] |
CONVFINQA2834
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nliquidity and capital resources the major components of changes in cash flows for 2016 , 2015 and 2014 are discussed in the following paragraphs . the following table summarizes our cash flow from operating activities , investing activities and financing activities for the years ended december 31 , 2016 , 2015 and 2014 ( in millions of dollars ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 1847.8</td><td>$ 1679.7</td><td>$ 1529.8</td></tr><tr><td>3</td><td>net cash used in investing activities</td><td>-961.2 ( 961.2 )</td><td>-1482.8 ( 1482.8 )</td><td>-959.8 ( 959.8 )</td></tr><tr><td>4</td><td>net cash used in financing activities</td><td>-851.2 ( 851.2 )</td><td>-239.7 ( 239.7 )</td><td>-708.1 ( 708.1 )</td></tr></table> cash flows provided by operating activities the most significant items affecting the comparison of our operating cash flows for 2016 and 2015 are summarized below : changes in assets and liabilities , net of effects from business acquisitions and divestitures , decreased our cash flow from operations by $ 205.2 million in 2016 , compared to a decrease of $ 316.7 million in 2015 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 52.3 million during 2016 due to the timing of billings net of collections , compared to a $ 15.7 million increase in 2015 . as of december 31 , 2016 and 2015 , our days sales outstanding were 38.1 and 38.3 days , or 26.1 and 25.8 days net of deferred revenue , respectively . 2022 our accounts payable decreased $ 9.8 million during 2016 compared to an increase of $ 35.6 million during 2015 , due to the timing of payments . 2022 cash paid for capping , closure and post-closure obligations was $ 11.0 million lower during 2016 compared to 2015 . the decrease in cash paid for capping , closure , and post-closure obligations is primarily due to payments in 2015 related to a required capping event at one of our closed landfills . 2022 cash paid for remediation obligations was $ 13.2 million lower during 2016 compared to 2015 primarily due to the timing of obligations . in addition , cash paid for income taxes was approximately $ 265 million and $ 321 million for 2016 and 2015 , respectively . income taxes paid in 2016 and 2015 reflect the favorable tax depreciation provisions of the protecting americans from tax hikes act signed into law in december 2015 as well as the realization of certain tax credits . cash paid for interest was $ 330.2 million and $ 327.6 million for 2016 and 2015 , respectively . the most significant items affecting the comparison of our operating cash flows for 2015 and 2014 are summarized below : changes in assets and liabilities , net of effects of business acquisitions and divestitures , decreased our cash flow from operations by $ 316.7 million in 2015 , compared to a decrease of $ 295.6 million in 2014 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 15.7 million during 2015 due to the timing of billings , net of collections , compared to a $ 54.3 million increase in 2014 . as of december 31 , 2015 and 2014 , our days sales outstanding were 38 days , or 26 and 25 days net of deferred revenue , respectively . 2022 our accounts payable increased $ 35.6 million and $ 3.3 million during 2015 and 2014 , respectively , due to the timing of payments as of december 31 , 2015. .\nQuestion: what was the net cash from operating activities in 2016?\n"
},
{
"role": "agent",
"content": "1847.8"
}
] |
CONVFINQA6773
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbacklog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>-</td><td>( in millions except percentages )</td></tr><tr><td>2</td><td>silicon systems</td><td>$ 1720</td><td>55% ( 55 % )</td><td>$ 1400</td><td>48% ( 48 % )</td></tr><tr><td>3</td><td>applied global services</td><td>812</td><td>26% ( 26 % )</td><td>775</td><td>27% ( 27 % )</td></tr><tr><td>4</td><td>display</td><td>525</td><td>16% ( 16 % )</td><td>593</td><td>20% ( 20 % )</td></tr><tr><td>5</td><td>energy and environmental solutions</td><td>85</td><td>3% ( 3 % )</td><td>149</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 3142</td><td>100% ( 100 % )</td><td>$ 2917</td><td>100% ( 100 % )</td></tr></table> applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. .\nQuestion: what was the silicon systems revenue for 2015?\nAnswer: 1720.0\nQuestion: and for 2014?\nAnswer: 1400.0\nQuestion: so what was the difference between these two years?\n"
},
{
"role": "agent",
"content": "320.0"
}
] |
CONVFINQA10675
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to the consolidated financial statements non-financial assets and liabilities measured at fair value on a non-recurring basis during 2009 , we classified the atlantic star as held for sale and recognized a charge of $ 7.1 million to reduce the carrying value of the ship to its fair value less cost to sell based on a firm offer received during 2009 . this amount was recorded within other operating expenses in our consolidated statement of operations . we determined the fair market value of the atlantic star as of december 31 , 2010 based on comparable ship sales adjusted for the condition , age and size of the ship . we have categorized these inputs as level 3 because they are largely based on our own assump- tions . as of december 31 , 2010 , the carrying amount of the atlantic star which we still believe represents its fair value was $ 46.4 million . the following table presents a reconciliation of the company 2019s fuel call options 2019 beginning and ending balances as follows ( in thousands ) : fair value fair value measurements measurements using significant using significant unobservable unobservable year ended december 31 , 2010 inputs ( level 3 ) year ended december 31 , 2009 inputs ( level 3 ) fuel call options fuel call options balance at january 1 , 2010 $ 9998 balance at january 1 , 2009 $ 2007 2007 2007 2007 2014 total gains or losses ( realized/ unrealized ) total gains or losses ( realized/ unrealized ) . <table class='wikitable'><tr><td>1</td><td>year ended december 31 2010 balance at january 1 2010</td><td>fairvalue measurements using significant unobservable inputs ( level 3 ) fuel call options $ 9998</td><td>year ended december 31 2009 balance at january 1 2009</td><td>fairvalue measurements using significant unobservable inputs ( level 3 ) fuel call options $ 2014</td></tr><tr><td>2</td><td>total gains or losses ( realized /unrealized )</td><td>-</td><td>total gains or losses ( realized /unrealized )</td><td>-</td></tr><tr><td>3</td><td>included in other income ( expense )</td><td>-2824 ( 2824 )</td><td>included in other income ( expense )</td><td>-2538 ( 2538 )</td></tr><tr><td>4</td><td>purchases issuances and settlements</td><td>24539</td><td>purchases issuances and settlements</td><td>12536</td></tr><tr><td>5</td><td>transfers in and/or ( out ) of level 3</td><td>-31713 ( 31713 )</td><td>transfers in and/or ( out ) of level 3</td><td>2014</td></tr><tr><td>6</td><td>balance at december 31 2010</td><td>$ 2014</td><td>balance at december 31 2009</td><td>$ 9998</td></tr><tr><td>7</td><td>the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at thereporting date</td><td>$ -2824 ( 2824 )</td><td>the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held atthe reporting date</td><td>$ -2538 ( 2538 )</td></tr></table> the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date $ ( 2824 ) the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date $ ( 2538 ) during the fourth quarter of 2010 , we changed our valuation technique for fuel call options to a market approach method which employs inputs that are observable . the fair value for fuel call options is determined by using the prevailing market price for the instruments consisting of published price quotes for similar assets based on recent transactions in an active market . we believe that level 2 categorization is appropriate due to an increase in the observability and transparency of significant inputs . previously , we derived the fair value of our fuel call options using standard option pricing models with inputs based on the options 2019 contract terms and data either readily available or formulated from public market informa- tion . the fuel call options were categorized as level 3 because certain inputs , principally volatility , were unobservable . net transfers in and/or out of level 3 are reported as having occurred at the end of the quarter in which the transfer occurred ; therefore , gains or losses reflected in the table above for 2010 include fourth quarter fuel call option gains or losses . the reported fair values are based on a variety of factors and assumptions . accordingly , the fair values may not represent actual values of the financial instru- ments and long-lived assets that could have been realized as of december 31 , 2010 or december 31 , 2009 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement . derivative instruments we are exposed to market risk attributable to changes in interest rates , foreign currency exchange rates and fuel prices . we manage these risks through a combi- nation of our normal operating and financing activities and through the use of derivative financial instruments pursuant to our hedging practices and policies . the financial impact of these hedging instruments is pri- marily offset by corresponding changes in the under- lying exposures being hedged . we achieve this by closely matching the amount , term and conditions of the derivative instrument with the underlying risk being hedged . we do not hold or issue derivative financial instruments for trading or other speculative purposes . we monitor our derivative positions using techniques including market valuations and sensitivity analyses. .\nQuestion: what was the value of purchase issuances and settlements at the end of 2010?\nAnswer: 24539.0\nQuestion: what was the value at the end of 2009?\n"
},
{
"role": "agent",
"content": "12536.0"
}
] |
CONVFINQA10852
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbusiness-related metrics as of or for the year ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in billions except ratios )</td><td>2003</td><td>2002</td><td>change</td></tr><tr><td>2</td><td>loan and lease receivables</td><td>$ 43.2</td><td>$ 37.4</td><td>16% ( 16 % )</td></tr><tr><td>3</td><td>average loan and lease receivables</td><td>41.7</td><td>31.7</td><td>32</td></tr><tr><td>4</td><td>automobile origination volume</td><td>27.8</td><td>25.3</td><td>10</td></tr><tr><td>5</td><td>automobile market share</td><td>6.1% ( 6.1 % )</td><td>5.7% ( 5.7 % )</td><td>40bp</td></tr><tr><td>6</td><td>30+ day delinquency rate</td><td>1.46</td><td>1.54</td><td>-8 ( 8 )</td></tr><tr><td>7</td><td>net charge-off ratio</td><td>0.41</td><td>0.51</td><td>-10 ( 10 )</td></tr><tr><td>8</td><td>overhead ratio</td><td>35</td><td>36</td><td>-100 ( 100 )</td></tr></table> crb is the no . 1 bank in the new york tri-state area and a top five bank in texas ( both ranked by retail deposits ) , providing payment , liquidity , investment , insurance and credit products and services to three primary customer segments : small busi- ness , affluent and retail . within these segments , crb serves 326000 small businesses , 433000 affluent consumers and 2.6 million mass-market consumers . crb 2019s continued focus on expanding customer relationships resulted in a 14% ( 14 % ) increase in core deposits ( for this purpose , core deposits are total deposits less time deposits ) from december 31 , 2002 , and a 77% ( 77 % ) increase in the cross-sell of chase credit products over 2002 . in 2003 , mortgage and home equity originations through crb 2019s distribution channels were $ 3.4 billion and $ 4.7 billion , respectively . branch-originated credit cards totaled 77000 , contributing to 23% ( 23 % ) of crb customers holding chase credit cards . crb is compensated by cfs 2019s credit businesses for the home finance and credit card loans it origi- nates and does not retain these balances . chase regional banking while crb continues to position itself for growth , decreased deposit spreads related to the low-rate environment and increased credit costs resulted in an 80% ( 80 % ) decline in crb operating earnings from 2002 . this decrease was partly offset by an 8% ( 8 % ) increase in total average deposits . operating revenue of $ 2.6 billion decreased by 9% ( 9 % ) compared with 2002 . net interest income declined by 11% ( 11 % ) to $ 1.7 billion , primarily attributable to the lower interest rate environment . noninterest revenue decreased 6% ( 6 % ) to $ 927 million due to lower deposit service fees , decreased debit card fees and one-time gains in 2002 . crb 2019s revenue does not include funding profits earned on its deposit base ; these amounts are included in the results of global treasury . operating expense of $ 2.4 billion increased by 7% ( 7 % ) from 2002 . the increase was primarily due to investments in technology within the branch network ; also contributing were higher compensation expenses related to increased staff levels and higher severance costs as a result of continued restructuring . this increase in operating caf is the largest u.s . bank originator of automobile loans and leases , with more than 2.9 million accounts . in 2003 , caf had a record number of automobile loan and lease originations , growing by 10% ( 10 % ) over 2002 to $ 27.8 billion . loan and lease receivables of $ 43.2 billion at december 31 , 2003 , were 16% ( 16 % ) higher than at the prior year-end . despite a challenging operating environment reflecting slightly declining new car sales in 2003 and increased competition , caf 2019s market share among automobile finance companies improved to 6.1% ( 6.1 % ) in 2003 from 5.7% ( 5.7 % ) in 2002 . the increase in market share was the result of strong organic growth and an origination strategy that allies the business with manufac- turers and dealers . caf 2019s relationships with several major car manufacturers contributed to 2003 growth , as did caf 2019s dealer relationships , which increased from approximately 12700 dealers in 2002 to approximately 13700 dealers in 2003 . in 2003 , operating earnings were $ 205 million , 23% ( 23 % ) higher compared with 2002 . the increase in earnings was driven by continued revenue growth and improved operating efficiency . in 2003 , caf 2019s operating revenue grew by 23% ( 23 % ) to $ 842 million . net interest income grew by 33% ( 33 % ) compared with 2002 . the increase was driven by strong operating performance due to higher average loans and leases outstanding , reflecting continued strong origination volume and lower funding costs . operating expense of $ 292 million increased by 18% ( 18 % ) compared with 2002 . the increase in expenses was driven by higher average chase auto finance loans outstanding , higher origination volume and higher perform- ance-based incentives . caf 2019s overhead ratio improved from 36% ( 36 % ) in 2002 to 35% ( 35 % ) in 2003 , as a result of strong revenue growth , con- tinued productivity gains and disciplined expense management . credit costs increased 18% ( 18 % ) to $ 205 million , primarily reflecting a 32% ( 32 % ) increase in average loan and lease receivables . credit quality continued to be strong relative to 2002 , as evidenced by a lower net charge-off ratio and 30+ day delinquency rate . caf also comprises chase education finance , a top provider of government-guaranteed and private loans for higher education . loans are provided through a joint venture with sallie mae , a government-sponsored enterprise and the leader in funding and servicing education loans . chase education finance 2019s origination volume totaled $ 2.7 billion , an increase of 4% ( 4 % ) from last year . management 2019s discussion and analysis j.p . morgan chase & co . 42 j.p . morgan chase & co . / 2003 annual report .\nQuestion: what is the operating earnings increase of 2003 compared with 2002 in percent?\nAnswer: 0.23\nQuestion: what is the difference between 100% and that increase?\n"
},
{
"role": "agent",
"content": "99.77"
}
] |
CONVFINQA3050
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe goldman sachs group , inc . and subsidiaries item 9 . changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years . item 9a . controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) . based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report . in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting . management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k . item 9b . other information not applicable . part iii item 10 . directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k . information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference . information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k . item 11 . executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference . item 12 . security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference . the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 . plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>securities to be issued upon exercise of outstanding options and rights ( a )</td><td>weighted average exercise price of outstanding options ( b )</td><td>securities available for future issuance under equity compensation plans ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>17176475</td><td>n/a</td><td>68211649</td></tr><tr><td>3</td><td>equity compensation plans not approved by securityholders</td><td>2013</td><td>2013</td><td>2013</td></tr><tr><td>4</td><td>total</td><td>17176475</td><td>-</td><td>68211649</td></tr></table> in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus . these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding . as of december 31 , 2018 , there were no outstanding options . 2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price . 196 goldman sachs 2018 form 10-k .\nQuestion: what was the total of securities approved by security holders?\n"
},
{
"role": "agent",
"content": "85388124.0"
}
] |
CONVFINQA8647
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses increased slightly during 2013 by $ 3.5 to $ 140.8 compared to 2012 , primarily due to an increase in salaries and related expenses , mainly attributable to higher base salaries , benefits and temporary help , partially offset by lower severance expenses and a decrease in office and general expenses . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 831.2</td><td>$ 598.4</td><td>$ 697.2</td></tr><tr><td>3</td><td>net cash used in working capital b2</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td><td>-293.2 ( 293.2 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-30.6 ( 30.6 )</td><td>4.1</td><td>-46.8 ( 46.8 )</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 669.5</td><td>$ 592.9</td><td>$ 357.2</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td><td>-210.2 ( 210.2 )</td></tr><tr><td>7</td><td>net cash ( used in ) provided by financing activities</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td><td>131.3</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2014 was impacted by our media businesses . net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. .\nQuestion: what is the net cash provided by operating activities in 2014?\nAnswer: 669.5\nQuestion: what about net cash used by investing activities?\nAnswer: -200.8\nQuestion: what is the net affect in cash flow from operating and investing activities?\nAnswer: 468.7\nQuestion: what the effect of financing activities?\nAnswer: -343.9\nQuestion: what is the total net cash flow?\nAnswer: 124.8\nQuestion: what is the net income in 2014?\n"
},
{
"role": "agent",
"content": "831.2"
}
] |
CONVFINQA6053
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) high quality financial institutions . such balances may be in excess of fdic insured limits . to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits . concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas . we provide services to small-container , large-container , municipal and residential , and energy services customers in the united states and puerto rico . we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables . we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information . accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal , energy services and other services . our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash . the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value . provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions . we also review outstanding balances on an account-specific basis . in general , reserves are provided for accounts receivable in excess of 90 days outstanding . past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due . the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 44.0</td><td>$ 46.7</td><td>$ 38.9</td></tr><tr><td>3</td><td>additions charged to expense</td><td>30.6</td><td>20.4</td><td>22.7</td></tr><tr><td>4</td><td>accounts written-off</td><td>-35.7 ( 35.7 )</td><td>-23.1 ( 23.1 )</td><td>-14.9 ( 14.9 )</td></tr><tr><td>5</td><td>balance at end of year</td><td>$ 38.9</td><td>$ 44.0</td><td>$ 46.7</td></tr></table> restricted cash and marketable securities as of december 31 , 2017 , we had $ 141.1 million of restricted cash and marketable securities of which $ 71.4 million supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability . additionally , we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers . the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance . as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets . in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance . at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts . property and equipment we record property and equipment at cost . expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred . when property is retired or .\nQuestion: what was the change in the account balance in the allowance for doubtful accounts from 2016 to 2017?\nAnswer: -2.7\nQuestion: and what was this change as a percentage of that account balance in 2016?\n"
},
{
"role": "agent",
"content": "-0.05782"
}
] |
CONVFINQA7976
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnbcuniversal media , llc consolidated statement of comprehensive income . <table class='wikitable'><tr><td>1</td><td>year ended december 31 ( in millions )</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>net income</td><td>$ 3624</td><td>$ 3297</td><td>$ 2122</td></tr><tr><td>3</td><td>deferred gains ( losses ) on cash flow hedges net</td><td>-21 ( 21 )</td><td>25</td><td>-5 ( 5 )</td></tr><tr><td>4</td><td>employee benefit obligations net</td><td>60</td><td>-106 ( 106 )</td><td>95</td></tr><tr><td>5</td><td>currency translation adjustments net</td><td>-121 ( 121 )</td><td>-62 ( 62 )</td><td>-41 ( 41 )</td></tr><tr><td>6</td><td>comprehensive income</td><td>3542</td><td>3154</td><td>2171</td></tr><tr><td>7</td><td>net ( income ) loss attributable to noncontrolling interests</td><td>-210 ( 210 )</td><td>-182 ( 182 )</td><td>-154 ( 154 )</td></tr><tr><td>8</td><td>other comprehensive ( income ) loss attributable to noncontrolling interests</td><td>29</td><td>2014</td><td>2014</td></tr><tr><td>9</td><td>comprehensive income attributable to nbcuniversal</td><td>$ 3361</td><td>$ 2972</td><td>$ 2017</td></tr></table> see accompanying notes to consolidated financial statements . 147 comcast 2015 annual report on form 10-k .\nQuestion: what was the comprehensive income attributable to nbcuniversal in 2014?\n"
},
{
"role": "agent",
"content": "2972.0"
}
] |
CONVFINQA10071
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2007 and 2006. . <table class='wikitable'><tr><td>1</td><td>2007</td><td>high</td><td>low</td></tr><tr><td>2</td><td>quarter ended march 31</td><td>$ 41.31</td><td>$ 36.63</td></tr><tr><td>3</td><td>quarter ended june 30</td><td>43.84</td><td>37.64</td></tr><tr><td>4</td><td>quarter ended september 30</td><td>45.45</td><td>36.34</td></tr><tr><td>5</td><td>quarter ended december 31</td><td>46.53</td><td>40.08</td></tr><tr><td>6</td><td>2006</td><td>high</td><td>low</td></tr><tr><td>7</td><td>quarter ended march 31</td><td>$ 32.68</td><td>$ 26.66</td></tr><tr><td>8</td><td>quarter ended june 30</td><td>35.75</td><td>27.35</td></tr><tr><td>9</td><td>quarter ended september 30</td><td>36.92</td><td>29.98</td></tr><tr><td>10</td><td>quarter ended december 31</td><td>38.74</td><td>35.21</td></tr></table> on february 29 , 2008 , the closing price of our class a common stock was $ 38.44 per share as reported on the nyse . as of february 29 , 2008 , we had 395748826 outstanding shares of class a common stock and 528 registered holders . dividends we have never paid a dividend on any class of our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 201c7.50% ( 201c7.50 % ) notes 201d ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 201c7.125% ( 201c7.125 % ) notes 201d ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . the loan agreement for our revolving credit facility and the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied . in addition , while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization . for more information about the restrictions under the loan agreement for the revolving credit facility , our notes indentures and the loan agreement related to the securitization , see 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 2014factors affecting sources of liquidity 201d and note 3 to our consolidated financial statements included in this annual report. .\nQuestion: what was the change in the price of shares from the highest value during the quarter ended 12/31/07 and the closing price on 2/29/08?\nAnswer: -8.09\nQuestion: and the growth rate during this time?\nAnswer: -0.17387\nQuestion: what was the average number of shares per registered holder as of 2/29/08?\n"
},
{
"role": "agent",
"content": "749524.29167"
}
] |
CONVFINQA5006
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 u.s . acquisitions 2014during the year ended december 31 , 2010 , the company acquired 548 towers through multiple acquisitions in the united states for an aggregate purchase price of $ 329.3 million and contingent consideration of approximately $ 4.6 million . the acquisition of these towers is consistent with the company 2019s strategy to expand in selected geographic areas and have been accounted for as business combinations . the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based on the estimated fair value of the acquired assets and assumed liabilities at the date of acquisition ( in thousands ) : purchase price allocation . <table class='wikitable'><tr><td>1</td><td>-</td><td>purchase price allocation</td></tr><tr><td>2</td><td>non-current assets</td><td>$ 442</td></tr><tr><td>3</td><td>property and equipment</td><td>64564</td></tr><tr><td>4</td><td>intangible assets ( 1 )</td><td>260898</td></tr><tr><td>5</td><td>current liabilities</td><td>-360 ( 360 )</td></tr><tr><td>6</td><td>long-term liabilities</td><td>-7802 ( 7802 )</td></tr><tr><td>7</td><td>fair value of net assets acquired</td><td>$ 317742</td></tr><tr><td>8</td><td>goodwill ( 2 )</td><td>16131</td></tr></table> ( 1 ) consists of customer relationships of approximately $ 205.4 million and network location intangibles of approximately $ 55.5 million . the customer relationships and network location intangibles are being amortized on a straight-line basis over a period of 20 years . ( 2 ) goodwill is expected to be deductible for income tax purposes . the goodwill was allocated to the domestic rental and management segment . the allocation of the purchase price will be finalized upon completion of analyses of the fair value of the assets acquired and liabilities assumed . south africa acquisition 2014on november 4 , 2010 , the company entered into a definitive agreement with cell c ( pty ) limited to purchase up to approximately 1400 existing towers , and up to 1800 additional towers that either are under construction or will be constructed , for an aggregate purchase price of up to approximately $ 430 million . the company anticipates closing the purchase of up to 1400 existing towers during 2011 , subject to customary closing conditions . other transactions coltel transaction 2014on september 3 , 2010 , the company entered into a definitive agreement to purchase the exclusive use rights for towers in colombia from colombia telecomunicaciones s.a . e.s.p . ( 201ccoltel 201d ) until 2023 , when ownership of the towers will transfer to the company at no additional cost . pursuant to that agreement , the company completed the purchase of exclusive use rights for 508 towers for an aggregate purchase price of $ 86.8 million during the year ended december 31 , 2010 . the company expects to complete the purchase of the exclusive use rights for an additional 180 towers by the end of 2011 , subject to customary closing conditions . the transaction has been accounted for as a capital lease , with the aggregated purchase price being allocated to property and equipment and non-current assets . joint venture with mtn group 2014on december 6 , 2010 , the company entered into a definitive agreement with mtn group limited ( 201cmtn group 201d ) to establish a joint venture in ghana ( 201ctowerco ghana 201d ) . towerco ghana , which will be managed by the company , will be owned by a holding company of which a wholly owned american tower subsidiary will hold a 51% ( 51 % ) share and a wholly owned mtn group subsidiary ( 201cmtn ghana 201d ) will hold a 49% ( 49 % ) share . the transaction involves the sale of up to 1876 of mtn ghana 2019s existing sites to .\nQuestion: what was the expense related to customer relationships, in millions?\nAnswer: 205.4\nQuestion: and what was it for network location intangibles, also in millions?\nAnswer: 55.5\nQuestion: what, then, is the combined total of both of those expenses, in millions?\nAnswer: 260.9\nQuestion: considering the period over which this total of expenses was being amortized, what is, then, in millions, its annual average?\n"
},
{
"role": "agent",
"content": "13.045"
}
] |
CONVFINQA6966
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 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 exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .\nQuestion: what is the number of securities issued approved by security holders?\nAnswer: 15370814.0\nQuestion: what about the total number of securities issued?\nAnswer: 15953695.0\nQuestion: what portion of total number of securities issued is approved by security holders?\nAnswer: 0.96346\nQuestion: what is the weighted-average exercise price of outstanding options warrants and rights for equity approved by security holders?\nAnswer: 16.1\nQuestion: what is the total fair value of warrants and rights that are issued and approved by by security holders?\nAnswer: 247470105.4\nQuestion: what about in millions?\n"
},
{
"role": "agent",
"content": "247.47011"
}
] |
CONVFINQA7986
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 aeronautics segment generally includes fewer programs that have much larger sales and operating results than programs included in the other segments . due to the large number of comparatively smaller programs in the remaining segments , the discussion of the results of operations of those business segments focuses on lines of business within the segment rather than on specific programs . the following tables of financial information and related discussion of the results of operations of our business segments are consistent with the presentation of segment information in note 5 to the financial statements . we have a number of programs that are classified by the u.s . government and cannot be specifically described . the operating results of these classified programs are included in our consolidated and business segment results , and are subjected to the same oversight and internal controls as our other programs . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support , and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles , and related technologies . key combat aircraft programs include the f-35 lightning ii , f-16 fighting falcon , and f-22 raptor fighter aircraft . key air mobility programs include the c-130j super hercules and the c-5m super galaxy . aeronautics provides logistics support , sustainment , and upgrade modification services for its aircraft . aeronautics 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 13235</td><td>$ 12201</td><td>$ 11473</td></tr><tr><td>3</td><td>operating profit</td><td>1502</td><td>1577</td><td>1433</td></tr><tr><td>4</td><td>operating margin</td><td>11.3% ( 11.3 % )</td><td>12.9% ( 12.9 % )</td><td>12.5% ( 12.5 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>27500</td><td>26700</td><td>27200</td></tr></table> net sales for aeronautics increased by 8% ( 8 % ) in 2010 compared to 2009 . sales increased in all three lines of business during the year . the $ 800 million increase in air mobility primarily was attributable to higher volume on c-130 programs , including deliveries and support activities , as well as higher volume on the c-5 reliability enhancement and re-engining program ( rerp ) . there were 25 c-130j deliveries in 2010 compared to 16 in 2009 . the $ 179 million increase in combat aircraft principally was due to higher volume on f-35 production contracts , which partially was offset by lower volume on the f-35 sdd contract and a decline in volume on f-16 , f-22 and other combat aircraft programs . there were 20 f-16 deliveries in 2010 compared to 31 in 2009 . the $ 55 million increase in other aeronautics programs mainly was due to higher volume on p-3 and advanced development programs , which partially were offset by a decline in volume on sustainment activities . net sales for aeronautics increased by 6% ( 6 % ) in 2009 compared to 2008 . during the year , sales increased in all three lines of business . the increase of $ 296 million in air mobility 2019s sales primarily was attributable to higher volume on the c-130 programs , including deliveries and support activities . there were 16 c-130j deliveries in 2009 and 12 in 2008 . combat aircraft sales increased $ 316 million principally due to higher volume on the f-35 program and increases in f-16 deliveries , which partially were offset by lower volume on f-22 and other combat aircraft programs . there were 31 f-16 deliveries in 2009 compared to 28 in 2008 . the $ 116 million increase in other aeronautics programs mainly was due to higher volume on p-3 programs and advanced development programs , which partially were offset by declines in sustainment activities . operating profit for the segment decreased by 5% ( 5 % ) in 2010 compared to 2009 . a decline in operating profit in combat aircraft partially was offset by increases in other aeronautics programs and air mobility . the $ 149 million decrease in combat aircraft 2019s operating profit primarily was due to lower volume and a decrease in the level of favorable performance adjustments on the f-22 program , the f-35 sdd contract and f-16 and other combat aircraft programs in 2010 . these decreases more than offset increased operating profit resulting from higher volume and improved performance on f-35 production contracts in 2010 . the $ 35 million increase in other aeronautics programs mainly was attributable to higher volume and improved performance on p-3 and advanced development programs as well as an increase in the level of favorable performance adjustments on sustainment activities in 2010 . the $ 19 million increase in air mobility operating profit primarily was due to higher volume and improved performance in 2010 on c-130j support activities , which more than offset a decrease in operating profit due to a lower level of favorable performance adjustments on c-130j deliveries in 2010 . the remaining change in operating profit is attributable to an increase in other income , net between the comparable periods . aeronautics 2019 2010 operating margins have decreased when compared to 2009 . the operating margin decrease reflects the life cycles of our significant programs . specifically , aeronautics is performing more development and initial production work on the f-35 program and is performing less work on more mature programs such as the f-22 and f-16 . development and initial production contracts yield lower profits than mature full rate programs . accordingly , while net sales increased in 2010 relative to 2009 , operating profit decreased and consequently operating margins have declined. .\nQuestion: what was the total of net sales in 2010?\nAnswer: 13235.0\nQuestion: and what was the operating profit?\n"
},
{
"role": "agent",
"content": "1502.0"
}
] |
CONVFINQA6288
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsupplies . expenses for purchased services increased 10% ( 10 % ) compared to 2012 due to logistics management fees , an increase in locomotive overhauls and repairs on jointly owned property . expenses for contract services increased $ 103 million in 2012 versus 2011 , primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars . depreciation 2013 the majority of depreciation relates to road property , including rail , ties , ballast , and other track material . depreciation was up 1% ( 1 % ) compared to 2012 . recent depreciation studies allowed us to use longer estimated service lives for certain equipment , which partially offset the impact of a higher depreciable asset base resulting from larger capital spending in recent years . a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2012 compared to 2011 . equipment and other rents 2013 equipment and other rents expense primarily includes rental expense that the railroad pays for freight cars owned by other railroads or private companies ; freight car , intermodal , and locomotive leases ; and office and other rent expenses . additional container costs resulting from the logistics management arrangement , and increased automotive shipments , partially offset by lower cycle times drove a $ 51 million increase in our short-term freight car rental expense versus 2012 . conversely , lower locomotive and freight car lease expenses partially offset the higher freight car rental expense . increased automotive and intermodal shipments , partially offset by improved car-cycle times , drove an increase in our short-term freight car rental expense in 2012 compared to 2011 . conversely , lower locomotive lease expense partially offset the higher freight car rental expense . other 2013 other expenses include state and local taxes , freight , equipment and property damage , utilities , insurance , personal injury , environmental , employee travel , telephone and cellular , computer software , bad debt , and other general expenses . higher property taxes and costs associated with damaged freight and property increased other costs in 2013 compared to 2012 . continued improvement in our safety performance and lower estimated liability for personal injury , which reduced our personal injury expense year-over-year , partially offset increases in other costs . other costs in 2012 were slightly higher than 2011 primarily due to higher property taxes . despite continual improvement in our safety experience and lower estimated annual costs , personal injury expense increased in 2012 compared to 2011 , as the liability reduction resulting from historical claim experience was less than the reduction in 2011 . non-operating items millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2013</td><td>2012</td><td>2011</td><td>% ( % ) change 2013 v 2012</td><td>% ( % ) change 2012 v 2011</td></tr><tr><td>2</td><td>other income</td><td>$ 128</td><td>$ 108</td><td>$ 112</td><td>19 % ( % )</td><td>( 4 ) % ( % )</td></tr><tr><td>3</td><td>interest expense</td><td>-526 ( 526 )</td><td>-535 ( 535 )</td><td>-572 ( 572 )</td><td>-2 ( 2 )</td><td>-6 ( 6 )</td></tr><tr><td>4</td><td>income taxes</td><td>-2660 ( 2660 )</td><td>-2375 ( 2375 )</td><td>-1972 ( 1972 )</td><td>12 % ( % )</td><td>20 % ( % )</td></tr></table> other income 2013 other income increased in 2013 versus 2012 due to higher gains from real estate sales and increased lease income , including the favorable impact from the $ 17 million settlement of a land lease contract . these increases were partially offset by interest received from a tax refund in 2012 . other income decreased in 2012 versus 2011 due to lower gains from real estate sales and higher environmental costs associated with non-operating properties , partially offset by interest received from a tax refund . interest expense 2013 interest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% ( 5.7 % ) in 2013 versus 6.0% ( 6.0 % ) in 2012 . the increase in the weighted-average debt level to $ 9.6 billion in 2013 from $ 9.1 billion in 2012 partially offset the impact of the lower effective interest rate . interest expense decreased in 2012 versus 2011 reflecting a lower effective interest rate in 2012 of 6.0% ( 6.0 % ) versus 6.2% ( 6.2 % ) in 2011 as the debt level did not materially change from 2011 to 2012. .\nQuestion: what was the total in other income for the years of 2013 and 2012, combined?\n"
},
{
"role": "agent",
"content": "236.0"
}
] |
CONVFINQA9862
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsupplementary information on oil and gas producing activities ( unaudited ) c o n t i n u e d summary of changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves ( in millions ) 2006 2005 2004 sales and transfers of oil and gas produced , net of production , transportation and administrative costs $ ( 5312 ) $ ( 3754 ) $ ( 2689 ) net changes in prices and production , transportation and administrative costs related to future production ( 1342 ) 6648 771 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>sales and transfers of oil and gas produced net of production transportation and administrative costs</td><td>$ -5312 ( 5312 )</td><td>$ -3754 ( 3754 )</td><td>$ -2689 ( 2689 )</td></tr><tr><td>3</td><td>net changes in prices and production transportation and administrative costs related to future production</td><td>-1342 ( 1342 )</td><td>6648</td><td>771</td></tr><tr><td>4</td><td>extensions discoveries and improved recovery less related costs</td><td>1290</td><td>700</td><td>1349</td></tr><tr><td>5</td><td>development costs incurred during the period</td><td>1251</td><td>1030</td><td>609</td></tr><tr><td>6</td><td>changes in estimated future development costs</td><td>-527 ( 527 )</td><td>-552 ( 552 )</td><td>-628 ( 628 )</td></tr><tr><td>7</td><td>revisions of previous quantity estimates</td><td>1319</td><td>820</td><td>948</td></tr><tr><td>8</td><td>net changes in purchases and sales of minerals in place</td><td>30</td><td>4557</td><td>33</td></tr><tr><td>9</td><td>accretion of discount</td><td>1882</td><td>1124</td><td>757</td></tr><tr><td>10</td><td>net change in income taxes</td><td>-660 ( 660 )</td><td>-6694 ( 6694 )</td><td>-627 ( 627 )</td></tr><tr><td>11</td><td>timing and other</td><td>-14 ( 14 )</td><td>307</td><td>97</td></tr><tr><td>12</td><td>net change for the year</td><td>-2083 ( 2083 )</td><td>4186</td><td>620</td></tr><tr><td>13</td><td>beginning of year</td><td>10601</td><td>6415</td><td>5795</td></tr><tr><td>14</td><td>end of year</td><td>$ 8518</td><td>$ 10601</td><td>$ 6415</td></tr><tr><td>15</td><td>net change for the year from discontinued operations</td><td>$ -216 ( 216 )</td><td>$ 162</td><td>$ -152 ( 152 )</td></tr></table> .\nQuestion: what was the cash flow balance at the end of 2006?\nAnswer: 8518.0\nQuestion: what was the balance at the start of the year?\nAnswer: 10601.0\nQuestion: what is the ratio of the balance at the end of the year to the start?\n"
},
{
"role": "agent",
"content": "0.80351"
}
] |
CONVFINQA5195
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 balance of total multi-asset aum in 2017?\nAnswer: 480278.0\nQuestion: what about in 2016?\nAnswer: 395007.0\nQuestion: what is the fraction of 2017 balance to 2016 balance?\nAnswer: 1.21587\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "0.21587"
}
] |
CONVFINQA6234
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsystem energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . a0 a0debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . a0 a0system energy has sufficient capacity under these tests to meet its foreseeable capital needs . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. . <table class='wikitable'><tr><td>1</td><td>2017</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 111667</td><td>$ 33809</td><td>$ 39926</td><td>$ 2373</td></tr></table> see note 4 to the financial statements for a description of the money pool . the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 . as of december 31 , 2017 , $ 17.8 million in letters of credit to support a like amount of commercial paper issued and $ 50 million in loans were outstanding under the system energy nuclear fuel company variable interest entity credit facility . see note 4 to the financial statements for additional discussion of the variable interest entity credit facility . system energy obtained authorizations from the ferc through october 2019 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy resources , inc . management 2019s financial discussion and analysis federal regulation see the 201crate , cost-recovery , and other regulation 2013 federal regulation 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis and note 2 to the financial statements for a discussion of federal regulation . complaint against system energy in january 2017 the apsc and mpsc filed a complaint with the ferc against system energy . the complaint seeks a reduction in the return on equity component of the unit power sales agreement pursuant to which system energy sells its grand gulf capacity and energy to entergy arkansas , entergy louisiana , entergy mississippi , and entergy new orleans . entergy arkansas also sells some of its grand gulf capacity and energy to entergy louisiana , entergy mississippi , and entergy new orleans under separate agreements . the current return on equity under the unit power sales agreement is 10.94% ( 10.94 % ) . the complaint alleges that the return on equity is unjust and unreasonable because current capital market and other considerations indicate that it is excessive . the complaint requests the ferc to institute proceedings to investigate the return on equity and establish a lower return on equity , and also requests that the ferc establish january 23 , 2017 as a refund effective date . the complaint includes return on equity analysis that purports to establish that the range of reasonable return on equity for system energy is between 8.37% ( 8.37 % ) and 8.67% ( 8.67 % ) . system energy answered the complaint in february 2017 and disputes that a return on equity of 8.37% ( 8.37 % ) to 8.67% ( 8.67 % ) is just and reasonable . the lpsc and the city council intervened in the proceeding expressing support for the complaint . system energy is recording a provision against revenue for the potential outcome of this proceeding . in september 2017 the ferc established a refund effective date of january 23 , 2017 , consolidated the return on equity complaint with the proceeding described in unit power sales agreement below , and directed the parties to engage in settlement .\nQuestion: what is the balance of system energy 2019s receivables from the money pool in 2017?\n"
},
{
"role": "agent",
"content": "111667.0"
}
] |
CONVFINQA7528
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) maturities 2014as of december 31 , 2007 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 1817</td></tr><tr><td>2</td><td>2009</td><td>1241</td></tr><tr><td>3</td><td>2010</td><td>78828</td></tr><tr><td>4</td><td>2011</td><td>13714</td></tr><tr><td>5</td><td>2012</td><td>1894998</td></tr><tr><td>6</td><td>thereafter</td><td>2292895</td></tr><tr><td>7</td><td>total cash obligations</td><td>$ 4283493</td></tr><tr><td>8</td><td>accreted value of the discount and premium of 3.00% ( 3.00 % ) notes and 7.125% ( 7.125 % ) notes</td><td>1791</td></tr><tr><td>9</td><td>balance as of december 31 2007</td><td>$ 4285284</td></tr></table> 4 . acquisitions during the years ended december 31 , 2007 , 2006 and 2005 , the company used cash to acquire a total of ( i ) 293 towers and the assets of a structural analysis firm for approximately $ 44.0 million in cash ( ii ) 84 towers and 6 in-building distributed antenna systems for approximately $ 14.3 million and ( iii ) 30 towers for approximately $ 6.0 million in cash , respectively . the tower asset acquisitions were primarily in mexico and brazil under ongoing agreements . during the year ended december 31 , 2005 , the company also completed its merger with spectrasite , inc . pursuant to which the company acquired approximately 7800 towers and 100 in-building distributed antenna systems . under the terms of the merger agreement , in august 2005 , spectrasite , inc . merged with a wholly- owned subsidiary of the company , and each share of spectrasite , inc . common stock converted into the right to receive 3.575 shares of the company 2019s class a common stock . the company issued approximately 169.5 million shares of its class a common stock and reserved for issuance approximately 9.9 million and 6.8 million of class a common stock pursuant to spectrasite , inc . options and warrants , respectively , assumed in the merger . the final allocation of the $ 3.1 billion purchase price is summarized in the company 2019s annual report on form 10-k for the year ended december 31 , 2006 . the acquisitions consummated by the company during 2007 , 2006 and 2005 , have been accounted for under the purchase method of accounting in accordance with sfas no . 141 201cbusiness combinations 201d ( sfas no . 141 ) . the purchase prices have been allocated to the net assets acquired and the liabilities assumed based on their estimated fair values at the date of acquisition . the company primarily acquired its tower assets from third parties in one of two types of transactions : the purchase of a business or the purchase of assets . the structure of each transaction affects the way the company allocates purchase price within the consolidated financial statements . in the case of tower assets acquired through the purchase of a business , such as the company 2019s merger with spectrasite , inc. , the company allocates the purchase price to the assets acquired and liabilities assumed at their estimated fair values as of the date of acquisition . the excess of the purchase price paid by the company over the estimated fair value of net assets acquired has been recorded as goodwill . in the case of an asset purchase , the company first allocates the purchase price to property and equipment for the appraised value of the towers and to identifiable intangible assets ( primarily acquired customer base ) . the company then records any remaining purchase price within intangible assets as a 201cnetwork location intangible . 201d .\nQuestion: what was the total number of towers acquired in the years of 2006 and 2007, combined?\nAnswer: 377.0\nQuestion: including the year of 2005, what then becomes that total?\n"
},
{
"role": "agent",
"content": "407.0"
}
] |
CONVFINQA5135
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namount of commitment expiration per period other commercial commitments after millions total 2012 2013 2014 2015 2016 2016 . <table class='wikitable'><tr><td>1</td><td>other commercial commitmentsmillions</td><td>total</td><td>amount of commitment expiration per period 2012</td><td>amount of commitment expiration per period 2013</td><td>amount of commitment expiration per period 2014</td><td>amount of commitment expiration per period 2015</td><td>amount of commitment expiration per period 2016</td><td>amount of commitment expiration per period after 2016</td></tr><tr><td>2</td><td>credit facilities [a]</td><td>$ 1800</td><td>$ -</td><td>$ -</td><td>$ -</td><td>$ 1800</td><td>$ -</td><td>$ -</td></tr><tr><td>3</td><td>receivables securitization facility [b]</td><td>600</td><td>600</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4</td><td>guarantees [c]</td><td>325</td><td>18</td><td>8</td><td>214</td><td>12</td><td>13</td><td>60</td></tr><tr><td>5</td><td>standby letters of credit [d]</td><td>24</td><td>24</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>6</td><td>total commercialcommitments</td><td>$ 2749</td><td>$ 642</td><td>$ 8</td><td>$ 214</td><td>$ 1812</td><td>$ 13</td><td>$ 60</td></tr></table> [a] none of the credit facility was used as of december 31 , 2011 . [b] $ 100 million of the receivables securitization facility was utilized at december 31 , 2011 , which is accounted for as debt . the full program matures in august 2012 . [c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2011 . off-balance sheet arrangements guarantees 2013 at december 31 , 2011 , we were contingently liable for $ 325 million in guarantees . we have recorded a liability of $ 3 million for the fair value of these obligations as of december 31 , 2011 and 2010 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . other matters labor agreements 2013 in january 2010 , the nation 2019s largest freight railroads began the current round of negotiations with the labor unions . generally , contract negotiations with the various unions take place over an extended period of time . this round of negotiations was no exception . in september 2011 , the rail industry reached agreements with the united transportation union . on november 5 , 2011 , a presidential emergency board ( peb ) appointed by president obama issued recommendations to resolve the disputes between the u.s . railroads and 11 unions that had not yet reached agreements . since then , ten unions reached agreements with the railroads , all of them generally patterned on the recommendations of the peb , and the unions subsequently ratified these agreements . the railroad industry reached a tentative agreement with the brotherhood of maintenance of way employees ( bmwe ) on february 2 , 2012 , eliminating the immediate threat of a national rail strike . the bmwe now will commence ratification of this tentative agreement by its members . inflation 2013 long periods of inflation significantly increase asset replacement costs for capital-intensive companies . as a result , assuming that we replace all operating assets at current price levels , depreciation charges ( on an inflation-adjusted basis ) would be substantially greater than historically reported amounts . derivative financial instruments 2013 we may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable price movements. .\nQuestion: how much of the receivables securitization facility was available at december 31 , 2011, in millions?\nAnswer: 500.0\nQuestion: what about in total dollars?\n"
},
{
"role": "agent",
"content": "500000000.0"
}
] |
CONVFINQA937
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) assumptions can materially affect the estimate of fair value , and our results of operations could be materially impacted . there were no stock options granted during the years ended december 31 , 2015 and 2014 . the weighted-average grant-date fair value per option during the year ended december 31 , 2013 was $ 4.14 . the fair value of each option grant has been estimated with the following weighted-average assumptions. . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2013</td></tr><tr><td>2</td><td>expected volatility1</td><td>40.2% ( 40.2 % )</td></tr><tr><td>3</td><td>expected term ( years ) 2</td><td>6.9</td></tr><tr><td>4</td><td>risk-free interest rate3</td><td>1.3% ( 1.3 % )</td></tr><tr><td>5</td><td>expected dividend yield4</td><td>2.4% ( 2.4 % )</td></tr></table> expected volatility 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.2% ( 40.2 % ) expected term ( years ) 2 . . . . . . . . . . . . . . . . . . . . . . . . 6.9 risk-free interest rate 3 . . . . . . . . . . . . . . . . . . . . . . . . . 1.3% ( 1.3 % ) expected dividend yield 4 . . . . . . . . . . . . . . . . . . . . . . . 2.4% ( 2.4 % ) 1 the expected volatility used to estimate the fair value of stock options awarded is based on a blend of : ( i ) historical volatility of our common stock for periods equal to the expected term of our stock options and ( ii ) implied volatility of tradable forward put and call options to purchase and sell shares of our common stock . 2 the estimate of our expected term is based on the average of : ( i ) an assumption that all outstanding options are exercised upon achieving their full vesting date and ( ii ) an assumption that all outstanding options will be exercised at the midpoint between the current date ( i.e. , the date awards have ratably vested through ) and their full contractual term . in determining the estimate , we considered several factors , including the historical option exercise behavior of our employees and the terms and vesting periods of the options . 3 the risk-free interest rate is determined using the implied yield currently available for zero-coupon u.s . government issuers with a remaining term equal to the expected term of the options . 4 the expected dividend yield was calculated based on an annualized dividend of $ 0.30 per share in 2013 . stock-based compensation we grant other stock-based compensation awards such as stock-settled awards , cash-settled awards and performance- based awards ( settled in cash or shares ) to certain key employees . the number of shares or units received by an employee for performance-based awards depends on company performance against specific performance targets and could range from 0% ( 0 % ) to 300% ( 300 % ) of the target amount of shares originally granted . incentive awards are subject to certain restrictions and vesting requirements as determined by the compensation committee . the fair value of the shares on the grant date is amortized over the vesting period , which is generally three years . upon completion of the vesting period for cash-settled awards , the grantee is entitled to receive a payment in cash based on the fair market value of the corresponding number of shares of common stock . no monetary consideration is paid by a recipient for any incentive award . the fair value of cash-settled awards is adjusted each quarter based on our share price . the holders of stock-settled awards have absolute ownership interest in the underlying shares of common stock prior to vesting , which includes the right to vote and receive dividends . dividends declared on common stock are accrued during the vesting period and paid when the award vests . the holders of cash-settled and performance-based awards have no ownership interest in the underlying shares of common stock until the awards vest and the shares of common stock are issued. .\nQuestion: how many stock options were granted in 2014?\nAnswer: 0.0\nQuestion: what about in 2015?\nAnswer: 0.0\nQuestion: what is the total?\nAnswer: 0.0\nQuestion: what is the dividend per share based in 2013?\nAnswer: 0.3\nQuestion: what is the expected dividend yield?\nAnswer: 0.024\nQuestion: what stock price does this represent?\n"
},
{
"role": "agent",
"content": "12.5"
}
] |
CONVFINQA7130
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 six-month offering period . the weighted average fair value per share of espp share purchase options during the year ended december 31 , 2014 , 2013 and 2012 was $ 14.83 , $ 13.42 and $ 13.64 , respectively . at december 31 , 2014 , 3.4 million shares remain reserved for future issuance under the plan . key assumptions used to apply the black-scholes pricing model for shares purchased through the espp for the years ended december 31 , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>range of risk-free interest rate</td><td>0.06% ( 0.06 % ) 2013 0.11% ( 0.11 % )</td><td>0.07% ( 0.07 % ) 2013 0.13% ( 0.13 % )</td><td>0.05% ( 0.05 % ) 2013 0.12% ( 0.12 % )</td></tr><tr><td>3</td><td>weighted average risk-free interest rate</td><td>0.09% ( 0.09 % )</td><td>0.10% ( 0.10 % )</td><td>0.08% ( 0.08 % )</td></tr><tr><td>4</td><td>expected life of 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 over the option period</td><td>11.29% ( 11.29 % ) 2013 16.59% ( 16.59 % )</td><td>12.21% ( 12.21 % ) 2013 13.57% ( 13.57 % )</td><td>33.16% ( 33.16 % ) 2013 33.86% ( 33.86 % )</td></tr><tr><td>6</td><td>weighted average expected volatility of underlying stock price</td><td>14.14% ( 14.14 % )</td><td>12.88% ( 12.88 % )</td><td>33.54% ( 33.54 % )</td></tr><tr><td>7</td><td>expected annual dividend yield</td><td>1.50% ( 1.50 % )</td><td>1.50% ( 1.50 % )</td><td>1.50% ( 1.50 % )</td></tr></table> 16 . equity mandatory convertible preferred stock offering 2014on may 12 , 2014 , the company completed a registered public offering of 6000000 shares of its 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , par value $ 0.01 per share ( the 201cmandatory convertible preferred stock 201d ) . the net proceeds of the offering were $ 582.9 million after deducting commissions and estimated expenses . the company used the net proceeds from this offering to fund acquisitions , including the acquisition from richland , initially funded by indebtedness incurred under the 2013 credit facility . unless converted earlier , each share of the mandatory convertible preferred stock will automatically convert on may 15 , 2017 , into between 0.9174 and 1.1468 shares of common stock , depending on the applicable market value of the common stock and subject to anti-dilution adjustments . subject to certain restrictions , at any time prior to may 15 , 2017 , holders of the mandatory convertible preferred stock may elect to convert all or a portion of their shares into common stock at the minimum conversion rate then in effect . dividends on shares of mandatory convertible preferred stock are payable on a cumulative basis when , as and if declared by the company 2019s board of directors ( or an authorized committee thereof ) at an annual rate of 5.25% ( 5.25 % ) on the liquidation preference of $ 100.00 per share , on february 15 , may 15 , august 15 and november 15 of each year , commencing on august 15 , 2014 to , and including , may 15 , 2017 . the company may pay dividends in cash or , subject to certain limitations , in shares of common stock or any combination of cash and shares of common stock . the terms of the mandatory convertible preferred stock provide that , unless full cumulative dividends have been paid or set aside for payment on all outstanding mandatory convertible preferred stock for all prior dividend periods , no dividends may be declared or paid on common stock . stock repurchase program 2014in march 2011 , the board of directors approved a stock repurchase program , pursuant to which the company is authorized to purchase up to $ 1.5 billion of common stock ( 201c2011 buyback 201d ) . in september 2013 , the company temporarily suspended repurchases in connection with its acquisition of mipt . under the 2011 buyback , the company is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices in accordance with securities laws and other legal requirements , and subject to market conditions and other factors . to facilitate repurchases , the company .\nQuestion: what was the weighted average fair value per share of espp share purchase options in 2013?\n"
},
{
"role": "agent",
"content": "13.42"
}
] |
CONVFINQA2091
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\n"
},
{
"role": "agent",
"content": "76.08"
}
] |
CONVFINQA9728
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion and analysis is based primarily on the consolidated financial statements of welltower inc . for the periods presented and should be read together with the notes thereto contained in this annual report on form 10-k . other important factors are identified in 201citem 1 2014 business 201d and 201citem 1a 2014 risk factors 201d above . executive summary company overview welltower inc . ( nyse : hcn ) , an s&p 500 company headquartered in toledo , ohio , is driving the transformation of health care infrastructure . the company invests with leading seniors housing operators , post- acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people 2019s wellness and overall health care experience . welltowertm , a real estate investment trust ( 201creit 201d ) , owns interests in properties concentrated in major , high-growth markets in the united states , canada and the united kingdom , consisting of seniors housing and post-acute communities and outpatient medical properties . our capital programs , when combined with comprehensive planning , development and property management services , make us a single-source solution for acquiring , planning , developing , managing , repositioning and monetizing real estate assets . the following table summarizes our consolidated portfolio for the year ended december 31 , 2016 ( dollars in thousands ) : type of property net operating income ( noi ) ( 1 ) percentage of number of properties . <table class='wikitable'><tr><td>1</td><td>type of property</td><td>net operating income ( noi ) ( 1 )</td><td>percentage of noi</td><td>number of properties</td></tr><tr><td>2</td><td>triple-net</td><td>$ 1208860</td><td>50.3% ( 50.3 % )</td><td>631</td></tr><tr><td>3</td><td>seniors housing operating</td><td>814114</td><td>33.9% ( 33.9 % )</td><td>420</td></tr><tr><td>4</td><td>outpatient medical</td><td>380264</td><td>15.8% ( 15.8 % )</td><td>262</td></tr><tr><td>5</td><td>totals</td><td>$ 2403238</td><td>100.0% ( 100.0 % )</td><td>1313</td></tr></table> ( 1 ) excludes our share of investments in unconsolidated entities and non-segment/corporate noi . entities in which we have a joint venture with a minority partner are shown at 100% ( 100 % ) of the joint venture amount . business strategy our primary objectives are to protect stockholder capital and enhance stockholder value . we seek to pay consistent cash dividends to stockholders and create opportunities to increase dividend payments to stockholders as a result of annual increases in net operating income and portfolio growth . to meet these objectives , we invest across the full spectrum of seniors housing and health care real estate and diversify our investment portfolio by property type , relationship and geographic location . substantially all of our revenues are derived from operating lease rentals , resident fees and services , and interest earned on outstanding loans receivable . these items represent our primary sources of liquidity to fund distributions and depend upon the continued ability of our obligors to make contractual rent and interest payments to us and the profitability of our operating properties . to the extent that our customers/partners experience operating difficulties and become unable to generate sufficient cash to make payments to us , there could be a material adverse impact on our consolidated results of operations , liquidity and/or financial condition . to mitigate this risk , we monitor our investments through a variety of methods determined by the type of property . our proactive and comprehensive asset management process for seniors housing properties generally includes review of monthly financial statements and other operating data for each property , review of obligor/ partner creditworthiness , property inspections , and review of covenant compliance relating to licensure , real estate taxes , letters of credit and other collateral . our internal property management division actively manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations , lease expirations , the mix of health service providers , hospital/health system relationships , property performance .\nQuestion: what was the number of properties related to outpatient medical?\n"
},
{
"role": "agent",
"content": "262.0"
}
] |
CONVFINQA2514
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nvertex pharmaceuticals incorporated notes to consolidated financial statements ( continued ) i . altus investment ( continued ) of the offering , held 450000 shares of redeemable preferred stock , which are not convertible into common stock and which are redeemable for $ 10.00 per share plus annual dividends of $ 0.50 per share , which have been accruing since the redeemable preferred stock was issued in 1999 , at vertex 2019s option on or after december 31 , 2010 , or by altus at any time . the company was restricted from trading altus securities for a period of six months following the initial public offering . when the altus securities trading restrictions expired , the company sold the 817749 shares of altus common stock for approximately $ 11.7 million , resulting in a realized gain of approximately $ 7.7 million in august 2006 . additionally when the restrictions expired , the company began accounting for the altus warrants as derivative instruments under the financial accounting standards board statement no . fas 133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas 133 201d ) . in accordance with fas 133 , in the third quarter of 2006 , the company recorded the altus warrants on its consolidated balance sheet at a fair market value of $ 19.1 million and recorded an unrealized gain on the fair market value of the altus warrants of $ 4.3 million . in the fourth quarter of 2006 the company sold the altus warrants for approximately $ 18.3 million , resulting in a realized loss of $ 0.7 million . as a result of the company 2019s sales of altus common stock and altus warrrants in 2006 , the company recorded a realized gain on a sale of investment of $ 11.2 million . in accordance with the company 2019s policy , as outlined in note b , 201caccounting policies , 201d the company assessed its investment in altus , which it accounts for using the cost method , and determined that there had not been any adjustments to the fair values of that investment that would require the company to write down the investment basis of the asset , in 2005 and 2006 . the company 2019s cost basis carrying value in its outstanding equity and warrants of altus was $ 18.9 million at december 31 , 2005 . j . accrued expenses and other current liabilities accrued expenses and other current liabilities consist of the following at december 31 ( in thousands ) : k . commitments the company leases its facilities and certain equipment under non-cancelable operating leases . the company 2019s leases have terms through april 2018 . the term of the kendall square lease began january 1 , 2003 and lease payments commenced in may 2003 . the company had an obligation under the kendall square lease , staged through 2006 , to build-out the space into finished laboratory and office space . this lease will expire in 2018 , and the company has the option to extend the term for two consecutive terms of ten years each , ultimately expiring in 2038 . the company occupies and uses for its operations approximately 120000 square feet of the kendall square facility . the company has sublease arrangements in place for the remaining rentable square footage of the kendall square facility , with initial terms that expires in april 2011 and august 2012 . see note e , 201crestructuring 201d for further information. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>research and development contract costs</td><td>$ 57761</td><td>$ 20098</td></tr><tr><td>3</td><td>payroll and benefits</td><td>25115</td><td>15832</td></tr><tr><td>4</td><td>professional fees</td><td>3848</td><td>4816</td></tr><tr><td>5</td><td>other</td><td>4635</td><td>1315</td></tr><tr><td>6</td><td>total</td><td>$ 91359</td><td>$ 42061</td></tr></table> research and development contract costs $ 57761 $ 20098 payroll and benefits 25115 15832 professional fees 3848 4816 4635 1315 $ 91359 $ 42061 .\nQuestion: what was the total value of the stock the company sold in august 2006, in millions of dollars?\nAnswer: 11.7\nQuestion: and how much is that, in dollars?\n"
},
{
"role": "agent",
"content": "11700000.0"
}
] |
CONVFINQA2746
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nindividual loan before being modified as a tdr in the discounted cash flow analysis in order to determine that specific loan 2019s expected impairment . specifically , a loan that has a more severe delinquency history prior to modification will have a higher future default rate in the discounted cash flow analysis than a loan that was not as severely delinquent . for both of the one- to four-family and home equity loan portfolio segments , the pre- modification delinquency status , the borrower 2019s current credit score and other credit bureau attributes , in addition to each loan 2019s individual default experience and credit characteristics , are incorporated into the calculation of the specific allowance . a specific allowance is established to the extent that the recorded investment exceeds the discounted cash flows of a tdr with a corresponding charge to provision for loan losses . the specific allowance for these individually impaired loans represents the forecasted losses over the estimated remaining life of the loan , including the economic concession to the borrower . effects if actual results differ historic volatility in the credit markets has substantially increased the complexity and uncertainty involved in estimating the losses inherent in the loan portfolio . in the current market it is difficult to estimate how potential changes in the quantitative and qualitative factors , including the impact of home equity lines of credit converting from interest only to amortizing loans or requiring borrowers to repay the loan in full at the end of the draw period , might impact the allowance for loan losses . if our underlying assumptions and judgments prove to be inaccurate , the allowance for loan losses could be insufficient to cover actual losses . we may be required under such circumstances to further increase the provision for loan losses , which could have an adverse effect on the regulatory capital position and results of operations in future periods . during the normal course of conducting examinations , our banking regulators , the occ and federal reserve , continue to review our business and practices . this process is dynamic and ongoing and we cannot be certain that additional changes or actions will not result from their continuing review . valuation of goodwill and other intangible assets description goodwill and other intangible assets are evaluated for impairment on an annual basis as of november 30 and in interim periods when events or changes indicate the carrying value may not be recoverable , such as a significant deterioration in the operating environment or a decision to sell or dispose of a reporting unit . goodwill and other intangible assets net of amortization were $ 1.8 billion and $ 0.2 billion , respectively , at december 31 , 2013 . judgments goodwill is allocated to reporting units , which are components of the business that are one level below operating segments . reporting units are evaluated for impairment individually during the annual assessment . estimating the fair value of reporting units and the assets , liabilities and intangible assets of a reporting unit is a subjective process that involves the use of estimates and judgments , particularly related to cash flows , the appropriate discount rates and an applicable control premium . management judgment is required to assess whether the carrying value of the reporting unit can be supported by the fair value of the individual reporting unit . there are various valuation methodologies , such as the market approach or discounted cash flow methods , that may be used to estimate the fair value of reporting units . in applying these methodologies , we utilize a number of factors , including actual operating results , future business plans , economic projections , and market data . the following table shows the comparative data for the amount of goodwill allocated to our reporting units ( dollars in millions ) : . <table class='wikitable'><tr><td>1</td><td>reporting unit</td><td>december 31 , 2013</td><td>december 31 , 2012</td></tr><tr><td>2</td><td>retail brokerage</td><td>$ 1791.8</td><td>$ 1791.8</td></tr><tr><td>3</td><td>market making</td><td>2014</td><td>142.4</td></tr><tr><td>4</td><td>total goodwill</td><td>$ 1791.8</td><td>$ 1934.2</td></tr></table> .\nQuestion: what is the amount of the goodwill in 2012 that is allocated to market making?\n"
},
{
"role": "agent",
"content": "142.4"
}
] |
CONVFINQA1818
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninterest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 6 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 114857</td></tr><tr><td>2</td><td>2018</td><td>127504</td></tr><tr><td>3</td><td>2019</td><td>136040</td></tr><tr><td>4</td><td>2020</td><td>133092</td></tr><tr><td>5</td><td>2021</td><td>122753</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>788180</td></tr><tr><td>7</td><td>total future minimum lease payments</td><td>$ 1422426</td></tr></table> included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , 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 .\nQuestion: what was the rent expense in 2016?\n"
},
{
"role": "agent",
"content": "109.0"
}
] |
CONVFINQA4806
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndish network corporation notes to consolidated financial statements - continued recorded as a decrease in 201cincome tax ( provision ) benefit , net 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 . 10 . discontinued operations as of december 31 , 2013 , blockbuster had ceased material operations . the results of blockbuster are presented for all periods as discontinued operations in our consolidated financial statements . during the years ended december 31 , 2013 and 2012 , the revenue from our discontinued operations was $ 503 million and $ 1.085 billion , respectively . 201cincome ( loss ) from discontinued operations , before income taxes 201d for the same periods was a loss of $ 54 million and $ 62 million , respectively . in addition , 201cincome ( loss ) from discontinued operations , net of tax 201d for the same periods was a loss of $ 47 million and $ 37 million , respectively . as of december 31 , 2013 , the net assets from our discontinued operations consisted of the following : december 31 , 2013 ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>as of december 31 2013 ( in thousands )</td></tr><tr><td>2</td><td>current assets from discontinued operations</td><td>$ 68239</td></tr><tr><td>3</td><td>noncurrent assets from discontinued operations</td><td>9965</td></tr><tr><td>4</td><td>current liabilities from discontinued operations</td><td>-49471 ( 49471 )</td></tr><tr><td>5</td><td>long-term liabilities from discontinued operations</td><td>-19804 ( 19804 )</td></tr><tr><td>6</td><td>net assets from discontinued operations</td><td>$ 8929</td></tr></table> blockbuster - domestic since the blockbuster acquisition , we continually evaluated the impact of certain factors , including , among other things , competitive pressures , the ability of significantly fewer company-owned domestic retail stores to continue to support corporate administrative costs , and other issues impacting the store-level financial performance of our company-owned domestic retail stores . these factors , among others , previously led us to close a significant number of company-owned domestic retail stores during 2012 and 2013 . on november 6 , 2013 , we announced that blockbuster would close all of its remaining company-owned domestic retail stores and discontinue the blockbuster by-mail dvd service . as of december 31 , 2013 , blockbuster had ceased material operations . blockbuster 2013 mexico during the third quarter 2013 , we determined that our blockbuster operations in mexico ( 201cblockbuster mexico 201d ) were 201cheld for sale . 201d as a result , we recorded pre-tax impairment charges of $ 19 million related to exiting the business , which was recorded in 201cincome ( loss ) from discontinued operations , net of tax 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 . on january 14 , 2014 , we completed the sale of blockbuster mexico . blockbuster uk administration on january 16 , 2013 , blockbuster entertainment limited and blockbuster gb limited , our blockbuster operating subsidiaries in the united kingdom , entered into administration proceedings in the united kingdom ( the 201cadministration 201d ) . as a result of the administration , we wrote down the assets of all our blockbuster uk subsidiaries to their estimated net realizable value on our consolidated balance sheets as of december 31 , 2012 . in total , we recorded charges of approximately $ 46 million on a pre-tax basis related to the administration , which was recorded in 201cincome ( loss ) from discontinued operations , net of tax 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2012. .\nQuestion: what is the tax expense from discontinued operations in 2013?\nAnswer: 7.0\nQuestion: what is the income before tax for discontinued operations in 2012?\nAnswer: 62.0\nQuestion: what about the after tax?\n"
},
{
"role": "agent",
"content": "37.0"
}
] |
CONVFINQA8457
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npipeline transportation 2013 we own a system of pipelines through marathon pipe line llc ( 201cmpl 201d ) and ohio river pipe line llc ( 201corpl 201d ) , our wholly-owned subsidiaries . our pipeline systems transport crude oil and refined products primarily in the midwest and gulf coast regions to our refineries , our terminals and other pipeline systems . our mpl and orpl wholly-owned and undivided interest common carrier systems consist of 1737 miles of crude oil lines and 1825 miles of refined product lines comprising 32 systems located in 11 states . the mpl common carrier pipeline network is one of the largest petroleum pipeline systems in the united states , based on total barrels delivered . our common carrier pipeline systems are subject to state and federal energy regulatory commission regulations and guidelines , including published tariffs for the transportation of crude oil and refined products . third parties generated 13 percent of the crude oil and refined product shipments on our mpl and orpl common carrier pipelines in 2009 . our mpl and orpl common carrier pipelines transported the volumes shown in the following table for each of the last three years . pipeline barrels handled ( thousands of barrels per day ) 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( thousands of barrels per day )</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>crude oil trunk lines</td><td>1279</td><td>1405</td><td>1451</td></tr><tr><td>3</td><td>refined products trunk lines</td><td>953</td><td>960</td><td>1049</td></tr><tr><td>4</td><td>total</td><td>2232</td><td>2365</td><td>2500</td></tr></table> we also own 196 miles of private crude oil pipelines and 850 miles of private refined products pipelines , and we lease 217 miles of common carrier refined product pipelines . we have partial ownership interests in several pipeline companies that have approximately 780 miles of crude oil pipelines and 3600 miles of refined products pipelines , including about 970 miles operated by mpl . in addition , mpl operates most of our private pipelines and 985 miles of crude oil and 160 miles of natural gas pipelines owned by our e&p segment . our major refined product pipelines include the owned and operated cardinal products pipeline and the wabash pipeline . the cardinal products pipeline delivers refined products from kenova , west virginia , to columbus , ohio . the wabash pipeline system delivers product from robinson , illinois , to various terminals in the area of chicago , illinois . other significant refined product pipelines owned and operated by mpl extend from : robinson , illinois , to louisville , kentucky ; garyville , louisiana , to zachary , louisiana ; and texas city , texas , to pasadena , texas . in addition , as of december 31 , 2009 , we had interests in the following refined product pipelines : 2022 65 percent undivided ownership interest in the louisville-lexington system , a petroleum products pipeline system extending from louisville to lexington , kentucky ; 2022 60 percent interest in muskegon pipeline llc , which owns a refined products pipeline extending from griffith , indiana , to north muskegon , michigan ; 2022 50 percent interest in centennial pipeline llc , which owns a refined products system connecting the gulf coast region with the midwest market ; 2022 17 percent interest in explorer pipeline company , a refined products pipeline system extending from the gulf coast to the midwest ; and 2022 6 percent interest in wolverine pipe line company , a refined products pipeline system extending from chicago , illinois , to toledo , ohio . our major owned and operated crude oil lines run from : patoka , illinois , to catlettsburg , kentucky ; patoka , illinois , to robinson , illinois ; patoka , illinois , to lima , ohio ; lima , ohio to canton , ohio ; samaria , michigan , to detroit , michigan ; and st . james , louisiana , to garyville , louisiana . as of december 31 , 2009 , we had interests in the following crude oil pipelines : 2022 51 percent interest in loop llc , the owner and operator of loop , which is the only u.s . deepwater oil port , located 18 miles off the coast of louisiana , and a crude oil pipeline connecting the port facility to storage caverns and tanks at clovelly , louisiana ; 2022 59 percent interest in locap llc , which owns a crude oil pipeline connecting loop and the capline system; .\nQuestion: what is the value of crude oil trunk lines handled in 2009?\nAnswer: 1279.0\nQuestion: what about the total pipeline barrels?\nAnswer: 2232.0\nQuestion: what portion does this represent?\nAnswer: 0.57303\nQuestion: what is the net change in the total pipeline barrels from 2007 to 2009?\nAnswer: 268.0\nQuestion: what is the total handles in 2007?\nAnswer: 2500.0\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "0.1072"
}
] |
CONVFINQA1363
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock option gains previously deferred by those participants pursuant to the terms of the deferred compensation plan and earnings on those deferred amounts . as a result of certain provisions of the american jobs creation act , participants had the opportunity until december 31 , 2005 to elect to withdraw amounts previously deferred . 11 . lease commitments the company leases certain of its facilities , equipment and software under various operating leases that expire at various dates through 2022 . the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs . total rental expense under operating leases was approximately $ 43 million in fiscal 2007 , $ 45 million in fiscal 2006 and $ 44 million in fiscal 2005 . the following is a schedule of future minimum rental payments required under long-term operating leases at november 3 , 2007 : fiscal years operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal years</td><td>operating leases</td></tr><tr><td>2</td><td>2008</td><td>$ 30774</td></tr><tr><td>3</td><td>2009</td><td>$ 25906</td></tr><tr><td>4</td><td>2010</td><td>$ 13267</td></tr><tr><td>5</td><td>2011</td><td>$ 5430</td></tr><tr><td>6</td><td>2012</td><td>$ 3842</td></tr><tr><td>7</td><td>later years</td><td>$ 12259</td></tr><tr><td>8</td><td>total</td><td>$ 91478</td></tr></table> 12 . commitments and contingencies tentative settlement of the sec 2019s previously announced stock option investigation in the company 2019s 2004 form 10-k filing , the company disclosed that the securities and exchange com- mission ( sec ) had initiated an inquiry into its stock option granting practices , focusing on options that were granted shortly before the issuance of favorable financial results . on november 15 , 2005 , the company announced that it had reached a tentative settlement with the sec . at all times since receiving notice of this inquiry , the company has cooperated with the sec . in november 2005 , the company and its president and ceo , mr . jerald g . fishman , made an offer of settlement to the staff of the sec . the settlement has been submitted to the commission for approval . there can be no assurance a final settlement will be so approved . the sec 2019s inquiry focused on two separate issues . the first issue concerned the company 2019s disclosure regarding grants of options to employees and directors prior to the release of favorable financial results . specifically , the issue related to options granted to employees ( including officers ) of the company on november 30 , 1999 and to employees ( including officers ) and directors of the company on november 10 , 2000 . the second issue concerned the grant dates for options granted to employees ( including officers ) in 1998 and 1999 , and the grant date for options granted to employees ( including officers ) and directors in 2001 . specifically , the settlement would conclude that the appropriate grant date for the september 4 , 1998 options should have been september 8th ( which is one trading day later than the date that was used to price the options ) ; the appropriate grant date for the november 30 , 1999 options should have been november 29th ( which is one trading day earlier than the date that was used ) ; and the appropriate grant date for the july 18 , 2001 options should have been july 26th ( which is five trading days after the original date ) . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the value of operating leases in 2008?\n"
},
{
"role": "agent",
"content": "30774.0"
}
] |
CONVFINQA1114
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndevelopment of prior year incurred losses was $ 135.6 million unfavorable in 2006 , $ 26.4 million favorable in 2005 and $ 249.4 million unfavorable in 2004 . such losses were the result of the reserve development noted above , as well as inher- ent uncertainty in establishing loss and lae reserves . reserves for asbestos and environmental losses and loss adjustment expenses as of year end 2006 , 7.4% ( 7.4 % ) of reserves reflect an estimate for the company 2019s ultimate liability for a&e claims for which ulti- mate value cannot be estimated using traditional reserving techniques . the company 2019s a&e liabilities stem from mt . mckinley 2019s direct insurance business and everest re 2019s assumed reinsurance business . there are significant uncertainties in estimating the amount of the company 2019s potential losses from a&e claims . see item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014asbestos and environmental exposures 201d and note 3 of notes to consolidated financial statements . mt . mckinley 2019s book of direct a&e exposed insurance is relatively small and homogenous . it also arises from a limited period , effective 1978 to 1984 . the book is based principally on excess liability policies , thereby limiting exposure analysis to a lim- ited number of policies and forms . as a result of this focused structure , the company believes that it is able to comprehen- sively analyze its exposures , allowing it to identify , analyze and actively monitor those claims which have unusual exposure , including policies in which it may be exposed to pay expenses in addition to policy limits or non-products asbestos claims . the company endeavors to be actively engaged with every insured account posing significant potential asbestos exposure to mt . mckinley . such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements . sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments . the company 2019s mt . mckinley operation is currently managing eight sip agreements , three of which were executed prior to the acquisition of mt . mckinley in 2000 . the company 2019s preference with respect to coverage settlements is to exe- cute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty . the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active . those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity . the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders , including those that may not have reported significant a&e losses . everest re 2019s book of assumed reinsurance is relatively concentrated within a modest number of a&e exposed relationships . it also arises from a limited period , effectively 1977 to 1984 . because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities . the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies . this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies . as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention . however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers . this furnished information is not always timely or accurate and can impact the accuracy and timeli- ness of the company 2019s ultimate loss projections . the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>case reserves reported by ceding companies</td><td>$ 135.6</td><td>$ 125.2</td><td>$ 148.5</td></tr><tr><td>3</td><td>additional case reserves established by the company ( assumed reinsurance ) ( 1 )</td><td>152.1</td><td>157.6</td><td>151.3</td></tr><tr><td>4</td><td>case reserves established by the company ( direct insurance )</td><td>213.7</td><td>243.5</td><td>272.1</td></tr><tr><td>5</td><td>incurred but not reported reserves</td><td>148.7</td><td>123.3</td><td>156.4</td></tr><tr><td>6</td><td>gross reserves</td><td>650.1</td><td>649.6</td><td>728.3</td></tr><tr><td>7</td><td>reinsurance receivable</td><td>-138.7 ( 138.7 )</td><td>-199.1 ( 199.1 )</td><td>-221.6 ( 221.6 )</td></tr><tr><td>8</td><td>net reserves</td><td>$ 511.4</td><td>$ 450.5</td><td>$ 506.7</td></tr></table> ( 1 ) additional reserves are case specific reserves determined by the company to be needed over and above those reported by the ceding company . 81790fin_a 4/13/07 11:08 am page 15 .\nQuestion: what was the value of net reserves in 2006?\nAnswer: 511.4\nQuestion: what was the value in 2005?\n"
},
{
"role": "agent",
"content": "450.5"
}
] |
CONVFINQA9706
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n31mar201122064257 notes to consolidated financial statements ( continued ) 10 . income taxes ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>balance at october 2 2009</td><td>$ 8859</td></tr><tr><td>2</td><td>increases based on positions related to prior years</td><td>437</td></tr><tr><td>3</td><td>increases based on positions related to current year</td><td>11221</td></tr><tr><td>4</td><td>decreases relating to settlements with taxing authorities</td><td>2014</td></tr><tr><td>5</td><td>decreases relating to lapses of applicable statutes of limitations</td><td>-617 ( 617 )</td></tr><tr><td>6</td><td>balance at october 1 2010</td><td>$ 19900</td></tr></table> the company 2019s major tax jurisdictions as of october 1 , 2010 are the united states , california , and iowa . for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes . for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes . during the year ended october 1 , 2010 , $ 0.6 million of previously unrecognized tax benefits related to the expiration of the statute of limitations period were recognized . the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense . the company did not incur any significant accrued interest or penalties related to unrecognized tax benefits during fiscal year 2010 . 11 . stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value . holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose . dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside . in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock . each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name . no holder of common stock is entitled to cumulate votes in voting for directors . the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or on august 3 , 2010 , the company 2019s board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements . the company had not repurchased any shares under the program for the fiscal year ended october 1 , 2010 . as of november 29 , 2010 , the skyworks / 2010 annual report 137 .\nQuestion: what was the balance of gross unrecognized tax benefits in 2010?\n"
},
{
"role": "agent",
"content": "19900.0"
}
] |
CONVFINQA4723
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nour refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation . the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as a proxy for the refining margin . crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil . as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s . gulf coast crack spreads that we feel most closely track our operations and slate of products . posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation . our refineries can process significant amounts of sour crude oil which typically can be purchased at a discount to sweet crude oil . the amount of this discount , the sweet/sour differential , can vary significantly causing our refining and wholesale marketing gross margin to differ from the crack spreads which are based upon sweet crude . in general , a larger sweet/sour differential will enhance our refining and wholesale marketing gross margin . in 2009 , the sweet/sour differential narrowed , due to a variety of worldwide economic and petroleum industry related factors , primarily related to lower hydrocarbon demand . sour crude accounted for 50 percent , 52 percent and 54 percent of our crude oil processed in 2009 , 2008 and 2007 . the following table lists calculated average crack spreads for the midwest ( chicago ) and gulf coast markets and the sweet/sour differential for the past three years . ( dollars per barrel ) 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( dollars per barrel )</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>chicago lls 6-3-2-1</td><td>$ 3.52</td><td>$ 3.27</td><td>$ 8.87</td></tr><tr><td>3</td><td>u.s . gulf coast lls 6-3-2-1</td><td>$ 2.54</td><td>$ 2.45</td><td>$ 6.42</td></tr><tr><td>4</td><td>sweet/sour differential ( a )</td><td>$ 5.82</td><td>$ 11.99</td><td>$ 11.59</td></tr></table> sweet/sour differential ( a ) $ 5.82 $ 11.99 $ 11.59 ( a ) calculated using the following mix of crude types as compared to lls. : 15% ( 15 % ) arab light , 20% ( 20 % ) kuwait , 10% ( 10 % ) maya , 15% ( 15 % ) western canadian select , 40% ( 40 % ) mars . in addition to the market changes indicated by the crack spreads and sweet/sour differential , our refining and wholesale marketing gross margin is impacted by factors such as : 2022 the types of crude oil and other charge and blendstocks processed , 2022 the selling prices realized for refined products , 2022 the impact of commodity derivative instruments used to manage price risk , 2022 the cost of products purchased for resale , and 2022 changes in manufacturing costs , which include depreciation . manufacturing costs are primarily driven by the cost of energy used by our refineries and the level of maintenance costs . planned turnaround and major maintenance activities were completed at our catlettsburg , garyville , and robinson refineries in 2009 . we performed turnaround and major maintenance activities at our robinson , catlettsburg , garyville and canton refineries in 2008 and at our catlettsburg , robinson and st . paul park refineries in 2007 . our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability . there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year . refined product demand increased for several years until 2008 when it decreased due to the combination of significant increases in retail petroleum prices , a broad slowdown in general economic activity , and the impact of increased ethanol blending into gasoline . in 2009 refined product demand continued to decline . for our marketing area , we estimate a gasoline demand decline of about one percent and a distillate demand decline of about 12 percent from 2008 levels . market demand declines for gasoline and distillates generally reduce the product margin we can realize . we also estimate gasoline and distillate demand in our marketing area decreased about three percent in 2008 compared to 2007 levels . the gross margin on merchandise sold at retail outlets has been historically less volatile. .\nQuestion: what was the average crack spread for sweet/sour differential in 2009?\nAnswer: 5.82\nQuestion: and what was it in 2007?\nAnswer: 11.59\nQuestion: what was, then, the change over the years?\nAnswer: -5.77\nQuestion: how much does that change represent in relation to the average crack spread for sweet/sour differential in 2007, in percentage?\n"
},
{
"role": "agent",
"content": "-0.49784"
}
] |
CONVFINQA2779
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt . ( d ) see note 10 to the financial statements for further discussion of the waterford 3 lease obligation and entergy louisiana 2019s acquisition of the equity participant 2019s beneficial interest in the waterford 3 leased assets and for further discussion of the grand gulf lease obligation . ( e ) this note does not have a stated interest rate , but has an implicit interest rate of 7.458% ( 7.458 % ) . ( f ) the fair value excludes lease obligations of $ 57 million at entergy louisiana and $ 34 million at system energy , and long-term doe obligations of $ 182 million at entergy arkansas , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2016 , for the next five years are as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>2017</td><td>$ 307403</td></tr><tr><td>3</td><td>2018</td><td>$ 828084</td></tr><tr><td>4</td><td>2019</td><td>$ 724899</td></tr><tr><td>5</td><td>2020</td><td>$ 795000</td></tr><tr><td>6</td><td>2021</td><td>$ 1674548</td></tr></table> in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date . in october 2015 , entergy announced a planned shutdown of fitzpatrick at the end of its fuel cycle . as a result of the announcement , entergy reduced this liability by $ 26.4 million pursuant to the terms of the purchase agreement . in august 2016 , entergy entered into a trust transfer agreement with nypa to transfer the decommissioning trust funds and decommissioning liabilities for the indian point 3 and fitzpatrick plants to entergy . as part of the trust transfer agreement , the original decommissioning agreements were amended , and the entergy subsidiaries 2019 obligation to make additional license extension payments to nypa was eliminated . in the third quarter 2016 , entergy removed the note payable of $ 35.1 million from the consolidated balance sheet . entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 . entergy new orleans has obtained long-term financing authorization from the city council that extends through june 2018 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; .\nQuestion: what amount of long-term debt is due in 2017?\nAnswer: 307403.0\nQuestion: what about in 2018?\nAnswer: 828084.0\nQuestion: what amount is due in next 24 months?\nAnswer: 1135487.0\nQuestion: what about in 36 months?\n"
},
{
"role": "agent",
"content": "1860386.0"
}
] |
CONVFINQA7415
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncommodities purchased for use in our supply chain . we manage our exposures through a combination of purchase orders , long-term contracts with suppliers , exchange-traded futures and options , and over-the-counter options and swaps . we offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible . we use derivatives to manage our exposure to changes in commodity prices . we do not perform the assessments required to achieve hedge accounting for commodity derivative positions . accordingly , the changes in the values of these derivatives are recorded currently in cost of sales in our consolidated statements of earnings . although we do not meet the criteria for cash flow hedge accounting , we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for use in our supply chain . accordingly , for purposes of measuring segment operating performance these gains and losses are reported in unallocated corporate items outside of segment operating results until such time that the exposure we are managing affects earnings . at that time we reclassify the gain or loss from unallocated corporate items to segment operating profit , allowing our operating segments to realize the economic effects of the derivative without experiencing any resulting mark-to-market volatility , which remains in unallocated corporate items . unallocated corporate items for fiscal 2019 , 2018 and 2017 included: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2019</td><td>fiscal year 2018</td><td>fiscal year 2017</td></tr><tr><td>2</td><td>net gain ( loss ) onmark-to-marketvaluation of commodity positions</td><td>$ -39.0 ( 39.0 )</td><td>$ 14.3</td><td>$ -22.0 ( 22.0 )</td></tr><tr><td>3</td><td>net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit</td><td>10.0</td><td>11.3</td><td>32.0</td></tr><tr><td>4</td><td>netmark-to-marketrevaluation of certain grain inventories</td><td>-7.0 ( 7.0 )</td><td>6.5</td><td>3.9</td></tr><tr><td>5</td><td>netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items</td><td>$ -36.0 ( 36.0 )</td><td>$ 32.1</td><td>$ 13.9</td></tr></table> net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ ( 36.0 ) $ 32.1 $ 13.9 as of may 26 , 2019 , the net notional value of commodity derivatives was $ 312.5 million , of which $ 242.9 million related to agricultural inputs and $ 69.6 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was less than $ 1 million in fiscal 2019 , a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using .\nQuestion: what was the sum value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2018 and 2019?\nAnswer: 21.3\nQuestion: what was the value of net loss on commodity positions reclassified from unallocated corporate items to segment operating profit in 2017?\nAnswer: 32.0\nQuestion: what is the total sum?\nAnswer: 53.3\nQuestion: what is the average value per year?\n"
},
{
"role": "agent",
"content": "17.76667"
}
] |
CONVFINQA10173
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndepending upon our senior unsecured debt ratings . the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio . at december 31 , 2006 , we were in compliance with these covenants . the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral . in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 . neither of these lines of credit were used as of december 31 , 2006 . we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines . dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above . the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively . we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 . shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings . at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement . we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time . 6 . leases we lease certain locomotives , freight cars , and other property . 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 , 2006 were as follows : millions of dollars operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>operatingleases</td><td>capital leases</td></tr><tr><td>2</td><td>2007</td><td>$ 624</td><td>$ 180</td></tr><tr><td>3</td><td>2008</td><td>546</td><td>173</td></tr><tr><td>4</td><td>2009</td><td>498</td><td>168</td></tr><tr><td>5</td><td>2010</td><td>456</td><td>148</td></tr><tr><td>6</td><td>2011</td><td>419</td><td>157</td></tr><tr><td>7</td><td>later years</td><td>2914</td><td>1090</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 5457</td><td>$ 1916</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-680 ( 680 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1236</td></tr></table> rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 . 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 is the total minimum payments for operating leases in 2006?\n"
},
{
"role": "agent",
"content": "5457.0"
}
] |
CONVFINQA10718
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncontributions and future benefit payments we expect to make contributions of $ 28.1 million to our defined benefit , other postretirement , and postemployment benefits plans in fiscal 2009 . actual 2009 contributions could exceed our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities and future changes in government requirements . estimated benefit payments , which reflect expected future service , as appropriate , are expected to be paid from fiscal 2009-2018 as follows : in millions defined benefit pension postretirement benefit plans gross payments medicare subsidy receipts postemployment benefit ......................................................................................................................................................................................... . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>defined benefit pension plans</td><td>other postretirement benefit plans gross payments</td><td>medicare subsidy receipts</td><td>postemployment benefit plans</td></tr><tr><td>2</td><td>2009</td><td>$ 176.3</td><td>$ 56.0</td><td>$ -6.1 ( 6.1 )</td><td>$ 16.6</td></tr><tr><td>3</td><td>2010</td><td>182.5</td><td>59.9</td><td>-6.7 ( 6.7 )</td><td>17.5</td></tr><tr><td>4</td><td>2011</td><td>189.8</td><td>63.3</td><td>-7.3 ( 7.3 )</td><td>18.1</td></tr><tr><td>5</td><td>2012</td><td>197.5</td><td>67.0</td><td>-8.0 ( 8.0 )</td><td>18.8</td></tr><tr><td>6</td><td>2013</td><td>206.6</td><td>71.7</td><td>-8.7 ( 8.7 )</td><td>19.4</td></tr><tr><td>7</td><td>2014 2013 2018</td><td>1187.3</td><td>406.8</td><td>-55.3 ( 55.3 )</td><td>106.3</td></tr></table> defined contribution plans the general mills savings plan is a defined contribution plan that covers salaried and nonunion employees . it had net assets of $ 2309.9 million as of may 25 , 2008 and $ 2303.0 million as of may 27 , 2007.this plan is a 401 ( k ) savings plan that includes a number of investment funds and an employee stock ownership plan ( esop ) . we sponsor another savings plan for certain hourly employees with net assets of $ 16.0 million as of may 25 , 2008 . our total recognized expense related to defined contribution plans was $ 61.9 million in fiscal 2008 , $ 48.3 million in fiscal 2007 , and $ 45.5 million in fiscal 2006 . the esop originally purchased our common stock principally with funds borrowed from third parties and guaranteed by us.the esop shares are included in net shares outstanding for the purposes of calculating eps . the esop 2019s third-party debt was repaid on june 30 , 2007 . the esop 2019s only assets are our common stock and temporary cash balances.the esop 2019s share of the total defined contribution expense was $ 52.3 million in fiscal 2008 , $ 40.1 million in fiscal 2007 , and $ 37.6 million in fiscal 2006 . the esop 2019s expensewas calculated by the 201cshares allocated 201dmethod . the esop used our common stock to convey benefits to employees and , through increased stock ownership , to further align employee interests with those of stockholders.wematched a percentage of employee contributions to the general mills savings plan with a base match plus a variable year end match that depended on annual results . employees received our match in the form of common stock . our cash contribution to the esop was calculated so as to pay off enough debt to release sufficient shares to make our match . the esop used our cash contributions to the plan , plus the dividends received on the esop 2019s leveraged shares , to make principal and interest payments on the esop 2019s debt . as loan payments were made , shares became unencumbered by debt and were committed to be allocated . the esop allocated shares to individual employee accounts on the basis of the match of employee payroll savings ( contributions ) , plus reinvested dividends received on previously allocated shares . the esop incurred net interest of less than $ 1.0 million in each of fiscal 2007 and 2006 . the esop used dividends of $ 2.5 million in fiscal 2007 and $ 3.9 million in 2006 , along with our contributions of less than $ 1.0 million in each of fiscal 2007 and 2006 to make interest and principal payments . the number of shares of our common stock allocated to participants in the esop was 5.2 million as of may 25 , 2008 , and 5.4 million as of may 27 , 2007 . annual report 2008 81 .\nQuestion: what was the total recognized expense related to defined contribution plans for the years of 2007 and 2008, combined?\nAnswer: 110.2\nQuestion: including the year of 2016, what then becomes the total?\n"
},
{
"role": "agent",
"content": "155.7"
}
] |
CONVFINQA5504
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nduring 2010 , we granted 3.8 million rsus and 1.1 million employee sars . see footnote no . 4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information . new accounting standards see footnote no . 1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards . liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings . borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt . we also pay quarterly fees on the credit facility at a rate based on our public debt rating . for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 . although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 . the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 . our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios . we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future . we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements . at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million . we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility . during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end . as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs . since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>cash from operations</td><td>$ 1151</td><td>$ 868</td><td>$ 641</td></tr><tr><td>3</td><td>depreciation expense</td><td>138</td><td>151</td><td>155</td></tr><tr><td>4</td><td>amortization expense</td><td>40</td><td>34</td><td>35</td></tr></table> our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital. .\nQuestion: what is the net change in cash from operations from 2008 to 2009?\nAnswer: 227.0\nQuestion: what is the cash from operations in 2008?\nAnswer: 641.0\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "0.35413"
}
] |
CONVFINQA10322
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 . the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire . these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume . mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 . the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries . these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 . backlog backlog decreased in 2016 compared to 2015 primarily due to lower orders on pac-3 , hellfire , and jassm . backlog increased in 2015 compared to 2014 primarily due to higher orders on pac-3 , lantirn/sniper and certain tactical missile programs , partially offset by lower orders on thaad . trends we expect mfc 2019s net sales to increase in the mid-single digit percentage range in 2017 as compared to 2016 driven primarily by our air and missile defense programs . operating profit is expected to be flat or increase slightly . accordingly , operating profit margin is expected to decline from 2016 levels as a result of contract mix and fewer risk retirements in 2017 compared to 2016 . rotary and mission systems as previously described , on november 6 , 2015 , we acquired sikorsky and aligned the sikorsky business under our rms business segment . the 2015 results of the acquired sikorsky business have been included in our financial results from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated operating results and rms business segment operating results for the year ended december 31 , 2015 do not reflect a full year of sikorsky operations . our rms business segment provides design , manufacture , service and support for a variety of military and civil helicopters , ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; the littoral combat ship ( lcs ) ; simulation and training services ; and unmanned systems and technologies . in addition , rms supports the needs of government customers in cybersecurity and delivers communication and command and control capabilities through complex mission solutions for defense applications . rms 2019 major programs include black hawk and seahawk helicopters , aegis combat system ( aegis ) , lcs , space fence , advanced hawkeye radar system , tpq-53 radar system , ch-53k development helicopter , and vh-92a helicopter program . rms 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>net sales</td><td>$ 13462</td><td>$ 9091</td><td>$ 8732</td></tr><tr><td>3</td><td>operating profit</td><td>906</td><td>844</td><td>936</td></tr><tr><td>4</td><td>operating margin</td><td>6.7% ( 6.7 % )</td><td>9.3% ( 9.3 % )</td><td>10.7% ( 10.7 % )</td></tr><tr><td>5</td><td>backlog atyear-end</td><td>$ 28400</td><td>$ 30100</td><td>$ 13300</td></tr></table> 2016 compared to 2015 rms 2019 net sales in 2016 increased $ 4.4 billion , or 48% ( 48 % ) , compared to 2015 . the increase was primarily attributable to higher net sales of approximately $ 4.6 billion from sikorsky , which was acquired on november 6 , 2015 . net sales for 2015 include sikorsky 2019s results subsequent to the acquisition date , net of certain revenue adjustments required to account for the acquisition of this business . this increase was partially offset by lower net sales of approximately $ 70 million for training .\nQuestion: what are operating expenses in 2015?\nAnswer: 8247.0\nQuestion: what about in in 2016?\n"
},
{
"role": "agent",
"content": "12556.0"
}
] |
CONVFINQA4886
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncdw corporation and subsidiaries notes to consolidated financial statements 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters 2019 exercise in full of the overallotment option granted to them in connection with the ipo . because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator . such shares will be fully reflected in the 2014 denominator . see note 9 for additional discussion of the ipo . the dilutive effect of outstanding restricted stock , restricted stock units , stock options and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method . the following is a reconciliation of basic shares to diluted shares: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td></tr><tr><td>2</td><td>weighted-average shares - basic</td><td>156.6</td><td>145.1</td><td>144.8</td></tr><tr><td>3</td><td>effect of dilutive securities</td><td>2.1</td><td>0.7</td><td>0.1</td></tr><tr><td>4</td><td>weighted-average shares - diluted</td><td>158.7</td><td>145.8</td><td>144.9</td></tr></table> for the years ended december 31 , 2013 , 2012 and 2011 , diluted earnings per share excludes the impact of 0.0 million , 0.0 million , and 4.3 million potential common shares , respectively , as their inclusion would have had an anti-dilutive effect . 12 . deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan . the total number of rdus that can be granted under the rdu plan is 28500 . at december 31 , 2013 , 28500 rdus were outstanding . rdus that are outstanding vest daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 . participants have no rights to the underlying debt . the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component . the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the 201cdebt pool 201d ) , together with certain redemption premium equivalents as noted below . the interest component credits the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below . interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates . payments totaling $ 1.7 million and $ 1.3 million were made to participants under the rdu plan in april and october 2013 , respectively , in connection with the semi-annual interest payments due . the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 . in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan . in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes . in addition , the company added $ 1.4 million to the principal component in the year ended december 31 , 2013 as redemption premium equivalents in accordance with the terms of the rdu plan . under the terms of the amended rdu plan , upon the partial redemption of outstanding senior subordinated notes , the rdus ceased to accrue the proportionate related interest component credits . the .\nQuestion: in the year of the 2011, what would have been the diluted earnings per share if the impact of 4.3 million potential common shares had not been excluded?\nAnswer: 149.2\nQuestion: and in the two years subsequent to that one, what was the total effect , in millions , of the dilutive securities?\nAnswer: 2.8\nQuestion: and including 2011, what becomes this total effect?\n"
},
{
"role": "agent",
"content": "2.9"
}
] |
CONVFINQA10724
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nliquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders . cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively . higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 . cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings . operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities . see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital . we believe operating working capital represents the key components of working capital under the operating control of our businesses . operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively . a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) . ( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 . this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities . trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 . days sales outstanding was 66 days in 2011 , level with 2010 . inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 . inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 . total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively . spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 . capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively . capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively . we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings . in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company . the cost of these acquisitions , including assumed debt , was $ 193 million . dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively . ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders . we did not have a mandatory contribution to our u.s . defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million . in 2010 and 2009 , we made voluntary contributions to our u.s . defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively . we expect to make voluntary contributions to our u.s . defined benefit pension plans in 2012 of up to $ 60 million . contributions were made to our non-u.s . defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements . we expect to make mandatory contributions to our non-u.s . plans in 2012 of approximately $ 90 million . the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively . we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth . the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 . we can repurchase about 9 million shares under the current authorization from the board of directors . 26 2011 ppg annual report and form 10-k . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2011</td><td>2010</td><td>-</td></tr><tr><td>2</td><td>operating working capital</td><td>$ 2739</td><td>$ 2595</td><td>-</td></tr><tr><td>3</td><td>operating working capital as % ( % ) of sales</td><td>19.5% ( 19.5 % )</td><td>19.2</td><td>% ( % )</td></tr></table> liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders . cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively . higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 . cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings . operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities . see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital . we believe operating working capital represents the key components of working capital under the operating control of our businesses . operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively . a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) . ( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 . this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities . trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 . days sales outstanding was 66 days in 2011 , level with 2010 . inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 . inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 . total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively . spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 . capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively . capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively . we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings . in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company . the cost of these acquisitions , including assumed debt , was $ 193 million . dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively . ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders . we did not have a mandatory contribution to our u.s . defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million . in 2010 and 2009 , we made voluntary contributions to our u.s . defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively . we expect to make voluntary contributions to our u.s . defined benefit pension plans in 2012 of up to $ 60 million . contributions were made to our non-u.s . defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements . we expect to make mandatory contributions to our non-u.s . plans in 2012 of approximately $ 90 million . the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively . we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth . the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 . we can repurchase about 9 million shares under the current authorization from the board of directors . 26 2011 ppg annual report and form 10-k .\nQuestion: what was the cost, in millions, of the total share repurchase activity in the year of 2011?\n"
},
{
"role": "agent",
"content": "858.0"
}
] |
CONVFINQA6408
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 | 31 business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2018 , 2017 and 2016 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company . we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources . our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production . this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows . oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>brent oil prices ( $ /bbl ) ( 1 )</td><td>$ 71.34</td><td>$ 54.12</td><td>$ 43.64</td></tr><tr><td>3</td><td>wti oil prices ( $ /bbl ) ( 2 )</td><td>65.23</td><td>50.80</td><td>43.29</td></tr><tr><td>4</td><td>natural gas prices ( $ /mmbtu ) ( 3 )</td><td>3.15</td><td>2.99</td><td>2.52</td></tr></table> brent oil prices ( $ /bbl ) ( 1 ) $ 71.34 $ 54.12 $ 43.64 wti oil prices ( $ /bbl ) ( 2 ) 65.23 50.80 43.29 natural gas prices ( $ /mmbtu ) ( 3 ) 3.15 2.99 2.52 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel ( 2 ) eia cushing , ok wti ( west texas intermediate ) spot price ( 3 ) eia henry hub natural gas spot price per million british thermal unit 2018 demonstrated the volatility of the oil and gas market . through the first three quarters of 2018 , we experienced stability in the north american and international markets . however , in the fourth quarter of 2018 commodity prices dropped nearly 40% ( 40 % ) resulting in increased customer uncertainty . from an offshore standpoint , through most of 2018 , we saw multiple large offshore projects reach positive final investment decisions , and the lng market and outlook improved throughout 2018 , driven by increased demand globally . in 2018 , the first large north american lng positive final investment decision was reached . outside of north america , customer spending is highly driven by brent oil prices , which increased on average throughout the year . average brent oil prices increased to $ 71.34/bbl in 2018 from $ 54.12/bbl in 2017 , and ranged from a low of $ 50.57/bbl in december 2018 , to a high of $ 86.07/bbl in october 2018 . for the first three quarters of 2018 , brent oil prices increased sequentially . however , in the fourth quarter , brent oil prices declined 39% ( 39 % ) versus the end of the third quarter , as a result of increased supply from the u.s. , worries of a global economic slowdown , and lower than expected production cuts . in north america , customer spending is highly driven by wti oil prices , which similar to brent oil prices , on average increased throughout the year . average wti oil prices increased to $ 65.23/bbl in 2018 from $ 50.80/bbl in 2017 , and ranged from a low of $ 44.48/bbl in december 2018 , to a high of $ 77.41/bbl in june 2018 . in north america , natural gas prices , as measured by the henry hub natural gas spot price , averaged $ 3.15/ mmbtu in 2018 , representing a 6% ( 6 % ) increase over the prior year . throughout the year , henry hub natural gas spot prices ranged from a high of $ 6.24/mmbtu in january 2018 to a low of $ 2.49/mmbtu in february 2018 . according to the u.s . department of energy ( doe ) , working natural gas in storage at the end of 2018 was 2705 billion cubic feet ( bcf ) , which was 15.6% ( 15.6 % ) , or 421 bcf , below the corresponding week in 2017. .\nQuestion: what was the net change in brent oil prices from 2017 to 2018?\nAnswer: 17.22\nQuestion: what was the 2017 price?\n"
},
{
"role": "agent",
"content": "54.12"
}
] |
CONVFINQA3406
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 . acquisitions latapack-ball embalagens ltda . ( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a . this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market . as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture . latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment . in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting . the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date . the valuation was based on market and income approaches. . <table class='wikitable'><tr><td>1</td><td>cash</td><td>$ 69.3</td></tr><tr><td>2</td><td>current assets</td><td>84.7</td></tr><tr><td>3</td><td>property plant and equipment</td><td>265.9</td></tr><tr><td>4</td><td>goodwill</td><td>100.2</td></tr><tr><td>5</td><td>intangible asset</td><td>52.8</td></tr><tr><td>6</td><td>current liabilities</td><td>-53.2 ( 53.2 )</td></tr><tr><td>7</td><td>long-term liabilities</td><td>-174.1 ( 174.1 )</td></tr><tr><td>8</td><td>net assets acquired</td><td>$ 345.6</td></tr><tr><td>9</td><td>noncontrolling interests</td><td>$ -132.9 ( 132.9 )</td></tr></table> noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years . the intangible asset is being amortized on a straight-line basis . neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash . neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions . neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people . the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date . guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc . ball has owned 35 percent of the joint venture plant since 1992 . ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates . the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting . the purchase accounting was completed during the third quarter of 2010 . the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .\nQuestion: what percentage of the total of net assets acquired was due to goodwill?\n"
},
{
"role": "agent",
"content": "0.28993"
}
] |
CONVFINQA1973
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2017 form 10-k | 27 the short term . we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand . 2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential . in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 . the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized . we continue to see growing demand across these markets in 2018 . we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business . overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers . we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term . in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 . governments may change or may not continue incentives for renewable energy additions . in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future . despite the near-term volatility , the long-term outlook for our industry remains strong . we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies . as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers . business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company . amounts reported in millions in graphs within this report are computed based on the amounts in hundreds . as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding . we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources . our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production . this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows . oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>brent oil prices ( $ /bbl ) ( 1 )</td><td>$ 54.12</td><td>$ 43.64</td><td>$ 52.32</td></tr><tr><td>3</td><td>wti oil prices ( $ /bbl ) ( 2 )</td><td>50.80</td><td>43.29</td><td>48.66</td></tr><tr><td>4</td><td>natural gas prices ( $ /mmbtu ) ( 3 )</td><td>2.99</td><td>2.52</td><td>2.62</td></tr></table> brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .\nQuestion: what was the value of brent oil prices in 2017?\nAnswer: 54.12\nQuestion: what was the value in 2016?\nAnswer: 43.64\nQuestion: what is the net change in value?\n"
},
{
"role": "agent",
"content": "10.48"
}
] |
CONVFINQA5874
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2018 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2013 , and that dividends were reinvested when paid. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td><td>12/31/2017</td><td>12/31/2018</td></tr><tr><td>2</td><td>hum</td><td>$ 100</td><td>$ 140</td><td>$ 176</td><td>$ 202</td><td>$ 247</td><td>$ 287</td></tr><tr><td>3</td><td>s&p 500</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>peer group</td><td>$ 100</td><td>$ 128</td><td>$ 135</td><td>$ 137</td><td>$ 173</td><td>$ 191</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance. .\nQuestion: what was the value of hum in 2017?\nAnswer: 247.0\nQuestion: what was the value in 2016?\nAnswer: 202.0\nQuestion: what was the net change in value?\nAnswer: 45.0\nQuestion: what was the 2016 value?\nAnswer: 202.0\nQuestion: what is the net change divided by the 2016 value?\n"
},
{
"role": "agent",
"content": "0.22277"
}
] |
CONVFINQA10268
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 176138</td></tr><tr><td>2</td><td>2018</td><td>166961</td></tr><tr><td>3</td><td>2019</td><td>142987</td></tr><tr><td>4</td><td>2020</td><td>124856</td></tr><tr><td>5</td><td>2021</td><td>118168</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>626495</td></tr><tr><td>7</td><td>total future minimum sponsorship and other payments</td><td>$ 1355605</td></tr></table> total future minimum sponsorship and other payments $ 1355605 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 . other than as described below , 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 . on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v . under armour , inc. ) . on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v . under armour , inc. ) . the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive . the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints . in general , the allegations in each case concern disclosures and statements made by .\nQuestion: what was the sum of future minimum sponsorship and other payments in 2017 and 2018?\nAnswer: 343099.0\nQuestion: what was the value in 2019?\nAnswer: 142987.0\nQuestion: what is the total sum for the 3 years?\nAnswer: 486086.0\nQuestion: what is that sum divided by the total future minimum sponsorship and other payments?\n"
},
{
"role": "agent",
"content": "0.35857"
}
] |
CONVFINQA10583
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart i item 1 . business our company founded in 1886 , american water works company , inc. , ( the 201ccompany , 201d 201camerican water 201d or 201caww 201d ) is a delaware holding company . american water is the most geographically diversified , as well as the largest publicly-traded , united states water and wastewater utility company , as measured by both operating revenues and population served . as a holding company , we conduct substantially all of our business operations through our subsidiaries . our approximately 6400 employees provide an estimated 15 million people with drinking water , wastewater and/or other water-related services in 47 states and one canadian province . operating segments we report our results of operations in two operating segments : the regulated businesses and the market- based operations . additional information with respect to our operating segment results is included in the section entitled 201citem 7 2014management 2019s discussion and analysis of financial condition and results of operations , 201d and note 18 of the consolidated financial statements . regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers . we report the results of this business in our regulated businesses segment . our subsidiaries that provide these services are generally subject to economic regulation by certain state commissions or other entities engaged in economic regulation , hereafter referred to as public utility commissions , or 201cpucs , 201d of the states in which we operate . the federal and state governments also regulate environmental , health and safety , and water quality matters . our regulated businesses segment operating revenues were $ 2674.3 million for 2014 , $ 2539.9 for 2013 , $ 2564.4 million for 2012 , accounting for 88.8% ( 88.8 % ) , 90.1% ( 90.1 % ) and 89.9% ( 89.9 % ) , respectively , of total operating revenues for the same periods . the following table sets forth our regulated businesses operating revenues , number of customers and an estimate of population served as of december 31 , 2014 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total . <table class='wikitable'><tr><td>1</td><td>new jersey</td><td>operatingrevenues ( in millions ) $ 652.3</td><td>% ( % ) of total 24.5% ( 24.5 % )</td><td>number ofcustomers 648066</td><td>% ( % ) of total 20.2% ( 20.2 % )</td><td>estimatedpopulationserved ( in millions ) 2.7</td><td>% ( % ) of total 22.7% ( 22.7 % )</td></tr><tr><td>2</td><td>pennsylvania</td><td>605.4</td><td>22.6% ( 22.6 % )</td><td>666415</td><td>20.7% ( 20.7 % )</td><td>2.2</td><td>18.5% ( 18.5 % )</td></tr><tr><td>3</td><td>missouri</td><td>270.2</td><td>10.1% ( 10.1 % )</td><td>464498</td><td>14.4% ( 14.4 % )</td><td>1.5</td><td>12.7% ( 12.7 % )</td></tr><tr><td>4</td><td>illinois ( a )</td><td>262.3</td><td>9.8% ( 9.8 % )</td><td>312017</td><td>9.7% ( 9.7 % )</td><td>1.3</td><td>10.9% ( 10.9 % )</td></tr><tr><td>5</td><td>california</td><td>209.8</td><td>7.8% ( 7.8 % )</td><td>174198</td><td>5.4% ( 5.4 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>6</td><td>indiana</td><td>200.6</td><td>7.5% ( 7.5 % )</td><td>293666</td><td>9.1% ( 9.1 % )</td><td>1.2</td><td>10.1% ( 10.1 % )</td></tr><tr><td>7</td><td>west virginia ( b )</td><td>127.0</td><td>4.7% ( 4.7 % )</td><td>170371</td><td>5.3% ( 5.3 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>8</td><td>subtotal ( top seven states )</td><td>2327.6</td><td>87.0% ( 87.0 % )</td><td>2729231</td><td>84.8% ( 84.8 % )</td><td>10.1</td><td>84.9% ( 84.9 % )</td></tr><tr><td>9</td><td>other ( c )</td><td>346.7</td><td>13.0% ( 13.0 % )</td><td>489961</td><td>15.2% ( 15.2 % )</td><td>1.8</td><td>15.1% ( 15.1 % )</td></tr><tr><td>10</td><td>total regulated businesses</td><td>$ 2674.3</td><td>100.0% ( 100.0 % )</td><td>3219192</td><td>100.0% ( 100.0 % )</td><td>11.9</td><td>100.0% ( 100.0 % )</td></tr></table> ( a ) includes illinois-american water company , which we refer to as ilawc and american lake water company , also a regulated subsidiary in illinois. .\nQuestion: what is the estimated pennsylvania population?\nAnswer: 2.2\nQuestion: what is that number times 1000000?\nAnswer: 2200000.0\nQuestion: what is the total number of pennsylvania customers divided by the estimated population?\n"
},
{
"role": "agent",
"content": "0.30292"
}
] |
CONVFINQA8316
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\na e s 2 0 0 0 f i n a n c i a l r e v i e w in may 2000 , a subsidiary of the company acquired an additional 5% ( 5 % ) of the preferred , non-voting shares of eletropaulo for approximately $ 90 million . in january 2000 , 59% ( 59 % ) of the preferred non-voting shares were acquired for approximately $ 1 billion at auction from bndes , the national development bank of brazil . the price established at auction was approximately $ 72.18 per 1000 shares , to be paid in four annual installments com- mencing with a payment of 18.5% ( 18.5 % ) of the total price upon closing of the transaction and installments of 25.9% ( 25.9 % ) , 27.1% ( 27.1 % ) and 28.5% ( 28.5 % ) of the total price to be paid annually thereafter . at december 31 , 2000 , the company had a total economic interest of 49.6% ( 49.6 % ) in eletropaulo . the company accounts for this investment using the equity method based on the related consortium agreement that allows the exercise of significant influence . in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas limited for approxi- mately $ 40 million . songas limited owns the songo songo gas-to-electricity project in tanzania . under the terms of a project management agreement , the company has assumed overall project management responsibility . the project consists of the refurbishment and operation of five natural gas wells in coastal tanzania , the construction and operation of a 65 mmscf/day gas processing plant and related facilities , the construction of a 230 km marine and land pipeline from the gas plant to dar es salaam and the conversion and upgrading of an existing 112 mw power station in dar es salaam to burn natural gas , with an optional additional unit to be constructed at the plant . since the project is currently under construction , no rev- enues or expenses have been incurred , and therefore no results are shown in the following table . in december 2000 , a subsidiary of the company with edf international s.a . ( 201cedf 201d ) completed the acquisition of an additional 3.5% ( 3.5 % ) interest in light from two sub- sidiaries of reliant energy for approximately $ 136 mil- lion . pursuant to the acquisition , the company acquired 30% ( 30 % ) of the shares while edf acquired the remainder . with the completion of this transaction , the company owns approximately 21.14% ( 21.14 % ) of light . in december 2000 , a subsidiary of the company entered into an agreement with edf to jointly acquire an additional 9.2% ( 9.2 % ) interest in light , which is held by a sub- sidiary of companhia siderurgica nacional ( 201ccsn 201d ) . pursuant to this transaction , the company acquired an additional 2.75% ( 2.75 % ) interest in light for $ 114.6 million . this transaction closed in january 2001 . following the purchase of the light shares previously owned by csn , aes and edf will together be the con- trolling shareholders of light and eletropaulo . aes and edf have agreed that aes will eventually take operational control of eletropaulo and the telecom businesses of light and eletropaulo , while edf will eventually take opera- tional control of light and eletropaulo 2019s electric workshop business . aes and edf intend to continue to pursue a fur- ther rationalization of their ownership stakes in light and eletropaulo , the result of which aes would become the sole controlling shareholder of eletropaulo and edf would become the sole controlling shareholder of light . upon consummation of the transaction , aes will begin consolidating eletropaulo 2019s operating results . the struc- ture and process by which this rationalization may be effected , and the resulting timing , have yet to be deter- mined and will likely be subject to approval by various brazilian regulatory authorities and other third parties . as a result , there can be no assurance that this rationalization will take place . in may 1999 , a subsidiary of the company acquired subscription rights from the brazilian state-controlled eletrobras which allowed it to purchase preferred , non- voting shares in eletropaulo and common shares in light . the aggregate purchase price of the subscription rights and the underlying shares in light and eletropaulo was approximately $ 53 million and $ 77 million , respectively , and represented 3.7% ( 3.7 % ) and 4.4% ( 4.4 % ) economic ownership interest in their capital stock , respectively . the following table presents summarized financial information ( in millions ) for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method: . <table class='wikitable'><tr><td>1</td><td>as of and for the years ended december 31,</td><td>2000</td><td>1999</td><td>1998</td></tr><tr><td>2</td><td>revenues</td><td>$ 6241</td><td>$ 5960</td><td>$ 8091</td></tr><tr><td>3</td><td>operating income</td><td>1989</td><td>1839</td><td>2079</td></tr><tr><td>4</td><td>net income</td><td>859</td><td>62</td><td>1146</td></tr><tr><td>5</td><td>current assets</td><td>2423</td><td>2259</td><td>2712</td></tr><tr><td>6</td><td>noncurrent assets</td><td>13080</td><td>15359</td><td>19025</td></tr><tr><td>7</td><td>current liabilities</td><td>3370</td><td>3637</td><td>4809</td></tr><tr><td>8</td><td>noncurrent liabilities</td><td>5927</td><td>7536</td><td>7356</td></tr><tr><td>9</td><td>stockholder's equity</td><td>6206</td><td>6445</td><td>9572</td></tr></table> .\nQuestion: in january of 2000, what was the full price of the acquisition of the preferred non-voting shares at auction from bndes, in billions?\nAnswer: 1.0\nQuestion: what percentage of the total preferred non-voting shares were acquired in that transaction?\nAnswer: 0.59\nQuestion: what, then, can be concluded to have been the total value of all preferred non-voting shares, in billions?\nAnswer: 1.69492\nQuestion: in that same year, what was the revenue for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method?\nAnswer: 6241.0\nQuestion: and what was that revenue in the previous year?\nAnswer: 5960.0\nQuestion: by how much, then, did it increase over the year?\n"
},
{
"role": "agent",
"content": "281.0"
}
] |
CONVFINQA9704
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nin addition , included in the loan table are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup . in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield . accordingly , these loans have been excluded from the impaired loan information presented above . in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield . however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield . where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method . the carrying amount of the purchased distressed loan portfolio at december 31 , 2009 was $ 825 million net of an allowance of $ 95 million . the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2009 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>accretable yield</td><td>carrying amount of loan receivable</td><td>allowance</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 92</td><td>$ 1510</td><td>$ 122</td></tr><tr><td>3</td><td>purchases ( 1 )</td><td>14</td><td>329</td><td>2014</td></tr><tr><td>4</td><td>disposals/payments received</td><td>-5 ( 5 )</td><td>-967 ( 967 )</td><td>2014</td></tr><tr><td>5</td><td>accretion</td><td>-52 ( 52 )</td><td>52</td><td>2014</td></tr><tr><td>6</td><td>builds ( reductions ) to the allowance</td><td>-21 ( 21 )</td><td>1</td><td>-27 ( 27 )</td></tr><tr><td>7</td><td>increase to expected cash flows</td><td>10</td><td>2</td><td>2014</td></tr><tr><td>8</td><td>fx/other</td><td>-11 ( 11 )</td><td>-7 ( 7 )</td><td>2014</td></tr><tr><td>9</td><td>balance december 31 2009 ( 2 )</td><td>$ 27</td><td>$ 920</td><td>$ 95</td></tr></table> ( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 87 million of purchased loans accounted for under the level-yield method and $ 242 million under the cost-recovery method . these balances represent the fair value of these loans at their acquisition date . the related total expected cash flows for the level-yield loans were $ 101 million at their acquisition dates . ( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 561 million of loans accounted for under the level-yield method and $ 359 million accounted for under the cost-recovery method. .\nQuestion: what is the balance december 31 2009 (2) in the carrying amount of loan receivable?\nAnswer: 920.0\nQuestion: what is the purchased loans accounted for under the under the cost-recovery method?\nAnswer: 242.0\nQuestion: what is the difference between the balance december 31 2009 (2) in the carrying amount of loan receivable, and the purchased loans accounted for under the under the cost-recovery method?\nAnswer: 678.0\nQuestion: what is the purchased loans accounted for under the level-yield method?\n"
},
{
"role": "agent",
"content": "87.0"
}
] |
CONVFINQA4101
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe pnc financial services group , inc . 2013 form 10-k 65 liquidity and capital management liquidity risk has two fundamental components . the first is potential loss assuming we were unable to meet our funding requirements at a reasonable cost . the second is the potential inability to operate our businesses because adequate contingent liquidity is not available . we manage liquidity risk at the consolidated company level ( bank , parent company and nonbank subsidiaries combined ) to help ensure that we can obtain cost-effective funding to meet current and future obligations under both normal 201cbusiness as usual 201d and stressful circumstances , and to help ensure that we maintain an appropriate level of contingent liquidity . management monitors liquidity through a series of early warning indicators that may indicate a potential market , or pnc-specific , liquidity stress event . in addition , management performs a set of liquidity stress tests over multiple time horizons with varying levels of severity and maintains a contingency funding plan to address a potential liquidity stress event . in the most severe liquidity stress simulation , we assume that our liquidity position is under pressure , while the market in general is under systemic pressure . the simulation considers , among other things , the impact of restricted access to both secured and unsecured external sources of funding , accelerated run-off of customer deposits , valuation pressure on assets and heavy demand to fund committed obligations . parent company liquidity guidelines are designed to help ensure that sufficient liquidity is available to meet our parent company obligations over the succeeding 24-month period . liquidity-related risk limits are established within our enterprise liquidity management policy and supporting policies . management committees , including the asset and liability committee , and the board of directors and its risk committee regularly review compliance with key established limits . in addition to these liquidity monitoring measures and tools described above , we also monitor our liquidity by reference to the liquidity coverage ratio ( lcr ) which is further described in the supervision and regulation section in item 1 of this report . pnc and pnc bank calculate the lcr on a daily basis and as of december 31 , 2018 , the lcr for pnc and pnc bank exceeded the fully phased-in requirement of 100% ( 100 % ) . we provide additional information regarding regulatory liquidity requirements and their potential impact on us in the supervision and regulation section of item 1 business and item 1a risk factors of this report . sources of liquidity our largest source of liquidity on a consolidated basis is the customer deposit base generated by our banking businesses . these deposits provide relatively stable and low-cost funding . total deposits increased to $ 267.8 billion at december 31 , 2018 from $ 265.1 billion at december 31 , 2017 driven by growth in interest-bearing deposits partially offset by a decrease in noninterest-bearing deposits . see the funding sources section of the consolidated balance sheet review in this report for additional information related to our deposits . additionally , certain assets determined by us to be liquid as well as unused borrowing capacity from a number of sources are also available to manage our liquidity position . at december 31 , 2018 , our liquid assets consisted of short-term investments ( federal funds sold , resale agreements , trading securities and interest-earning deposits with banks ) totaling $ 22.1 billion and securities available for sale totaling $ 63.4 billion . the level of liquid assets fluctuates over time based on many factors , including market conditions , loan and deposit growth and balance sheet management activities . our liquid assets included $ 2.7 billion of securities available for sale and trading securities pledged as collateral to secure public and trust deposits , repurchase agreements and for other purposes . in addition , $ 4.9 billion of securities held to maturity were also pledged as collateral for these purposes . we also obtain liquidity through various forms of funding , including long-term debt ( senior notes , subordinated debt and fhlb borrowings ) and short-term borrowings ( securities sold under repurchase agreements , commercial paper and other short-term borrowings ) . see note 10 borrowed funds and the funding sources section of the consolidated balance sheet review in this report for additional information related to our borrowings . total senior and subordinated debt , on a consolidated basis , decreased due to the following activity : table 24 : senior and subordinated debt . <table class='wikitable'><tr><td>1</td><td>in billions</td><td>2018</td></tr><tr><td>2</td><td>january 1</td><td>$ 33.3</td></tr><tr><td>3</td><td>issuances</td><td>4.5</td></tr><tr><td>4</td><td>calls and maturities</td><td>-6.8 ( 6.8 )</td></tr><tr><td>5</td><td>other</td><td>-.1 ( .1 )</td></tr><tr><td>6</td><td>december 31</td><td>$ 30.9</td></tr></table> .\nQuestion: what was the amount of total deposits in 2018?\n"
},
{
"role": "agent",
"content": "267.8"
}
] |
CONVFINQA6546
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-averageexercise price ofoutstanding options warrants and rights</td><td>number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>1471449</td><td>$ 136.62</td><td>3578241</td></tr></table> part a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. .\nQuestion: what was the total of securities approved by the security holders?\n"
},
{
"role": "agent",
"content": "5049690.0"
}
] |
CONVFINQA4515
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2014 , 2013 and 2012 . the decrease in our consolidated net adjustments for 2014 compared to 2013 was primarily due to a decrease in profit booking rate adjustments at our aeronautics , mfc and mst business segments . the increase in our consolidated net adjustments for 2013 as compared to 2012 was primarily due to an increase in profit booking rate adjustments at our mst and mfc business segments and , to a lesser extent , the increase in the favorable resolution of contractual matters for the corporation . the consolidated net adjustments for 2014 are inclusive of approximately $ 650 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at mst and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below . the consolidated net adjustments for 2013 and 2012 are inclusive of approximately $ 600 million and $ 500 million in unfavorable items , which include a significant profit reduction on the f-35 development contract in both years , as well as a significant profit reduction on the c-5 program in 2013 , each as described in our aeronautics business segment 2019s results of operations discussion below . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor and the c-5m super galaxy . aeronautics 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 14920</td><td>$ 14123</td><td>$ 14953</td></tr><tr><td>3</td><td>operating profit</td><td>1649</td><td>1612</td><td>1699</td></tr><tr><td>4</td><td>operating margins</td><td>11.1% ( 11.1 % )</td><td>11.4% ( 11.4 % )</td><td>11.4% ( 11.4 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 27600</td><td>$ 28000</td><td>$ 30100</td></tr></table> 2014 compared to 2013 aeronautics 2019 net sales for 2014 increased $ 797 million , or 6% ( 6 % ) , compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 790 million for f-35 production contracts due to increased volume and sustainment activities ; about $ 55 million for the f-16 program due to increased deliveries ( 17 aircraft delivered in 2014 compared to 13 delivered in 2013 ) partially offset by contract mix ; and approximately $ 45 million for the f-22 program due to increased risk retirements . the increases were partially offset by lower net sales of approximately $ 55 million for the f-35 development contract due to decreased volume , partially offset by the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; and about $ 40 million for the c-130 program due to fewer deliveries ( 24 aircraft delivered in 2014 compared to 25 delivered in 2013 ) and decreased sustainment activities , partially offset by contract mix . aeronautics 2019 operating profit for 2014 increased $ 37 million , or 2% ( 2 % ) , compared to 2013 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for the f-35 development contract due to the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; about $ 75 million for the f-22 program due to increased risk retirements ; approximately $ 50 million for the c-130 program due to increased risk retirements and contract mix , partially offset by fewer deliveries ; and about $ 25 million for the c-5 program due to the absence in 2014 of the downward revisions to the profit booking rate that occurred in 2013 . the increases were partially offset by lower operating profit of approximately $ 130 million for the f-16 program due to decreased risk retirements , partially offset by increased deliveries ; and about $ 70 million for sustainment activities due to decreased risk retirements and volume . operating profit was comparable for f-35 production contracts as higher volume was offset by lower risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million lower for 2014 compared to 2013 . 2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to .\nQuestion: what was the change in operating profit for aeronautics in 2014?\n"
},
{
"role": "agent",
"content": "37.0"
}
] |
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