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CONVFINQA5299	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 total of pre-tax catastrophe losses in the years of 2015 and 2016, combined?\nAnswer: 355.0\nQuestion: including the year of 2014, what would then be the total of pre-tax catastrophe losses for the three years?\nAnswer: 411.3\nQuestion: what was the total of pre-tax catastrophe losses in 2013?\nAnswer: 194.0\nQuestion: including now the year of 2013, what would be the total for the four years?\n" }, { "role": "agent", "content": "605.3" } ]
CONVFINQA5493	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements the allocation of the purchase price was finalized during the year ended december 31 , 2012 . the following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : purchase price allocation . <table class='wikitable'><tr><td>1</td><td>-</td><td>final purchase price allocation</td></tr><tr><td>2</td><td>non-current assets</td><td>$ 2</td></tr><tr><td>3</td><td>property and equipment</td><td>3590</td></tr><tr><td>4</td><td>intangible assets ( 1 )</td><td>1062</td></tr><tr><td>5</td><td>other non-current liabilities</td><td>-91 ( 91 )</td></tr><tr><td>6</td><td>fair value of net assets acquired</td><td>$ 4563</td></tr><tr><td>7</td><td>goodwill ( 2 )</td><td>89</td></tr></table> ( 1 ) consists of customer-related intangibles of approximately $ 0.4 million and network location intangibles of approximately $ 0.7 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . colombia 2014colombia movil acquisition 2014on july 17 , 2011 , the company entered into a definitive agreement with colombia movil s.a . e.s.p . ( 201ccolombia movil 201d ) , whereby atc sitios infraco , s.a.s. , a colombian subsidiary of the company ( 201catc infraco 201d ) , would purchase up to 2126 communications sites from colombia movil for an aggregate purchase price of approximately $ 182.0 million . from december 21 , 2011 through the year ended december 31 , 2012 , atc infraco completed the purchase of 1526 communications sites for an aggregate purchase price of $ 136.2 million ( including contingent consideration of $ 17.3 million ) , subject to post-closing adjustments . through a subsidiary , millicom international cellular s.a . ( 201cmillicom 201d ) exercised its option to acquire an indirect , substantial non-controlling interest in atc infraco . under the terms of the agreement , the company is required to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash paying lease agreements . based on the company 2019s current estimates , the value of potential contingent consideration payments required to be made under the amended agreement is expected to be between zero and $ 32.8 million and is estimated to be $ 17.3 million using a probability weighted average of the expected outcomes at december 31 , 2012 . during the year ended december 31 , 2012 , the company recorded a reduction in fair value of $ 1.2 million , which is included in other operating expenses in the consolidated statements of operations. .\nQuestion: what was the total aggregate purchase price of assets?\n" }, { "role": "agent", "content": "182.0" } ]
CONVFINQA9783	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmastercard incorporated notes to consolidated financial statements 2014continued in september 2010 , the company 2019s board of directors authorized a plan for the company to repurchase up to $ 1 billion of its class a common stock in open market transactions . the company did not repurchase any shares under this plan during 2010 . as of february 16 , 2011 , the company had completed the repurchase of approximately 0.3 million shares of its class a common stock at a cost of approximately $ 75 million . note 18 . share based payment and other benefits in may 2006 , the company implemented the mastercard incorporated 2006 long-term incentive plan , which was amended and restated as of october 13 , 2008 ( the 201cltip 201d ) . the ltip is a shareholder-approved omnibus plan that permits the grant of various types of equity awards to employees . the company has granted restricted stock units ( 201crsus 201d ) , non-qualified stock options ( 201coptions 201d ) and performance stock units ( 201cpsus 201d ) under the ltip . the rsus generally vest after three to four years . the options , which expire ten years from the date of grant , generally vest ratably over four years from the date of grant . the psus generally vest after three years . additionally , the company made a one-time grant to all non-executive management employees upon the ipo for a total of approximately 440 thousand rsus ( the 201cfounders 2019 grant 201d ) . the founders 2019 grant rsus vested three years from the date of grant . the company uses the straight-line method of attribution for expensing equity awards . compensation expense is recorded net of estimated forfeitures . estimates are adjusted as appropriate . upon termination of employment , excluding retirement , all of a participant 2019s unvested awards are forfeited . however , when a participant terminates employment due to retirement , the participant generally retains all of their awards without providing additional service to the company . eligible retirement is dependent upon age and years of service , as follows : age 55 with ten years of service , age 60 with five years of service and age 65 with two years of service . compensation expense is recognized over the shorter of the vesting periods stated in the ltip , or the date the individual becomes eligible to retire . there are 11550000 shares of class a common stock reserved for equity awards under the ltip . although the ltip permits the issuance of shares of class b common stock , no such shares have been reserved for issuance . shares issued as a result of option exercises and the conversions of rsus and psus are expected to be funded primarily with the issuance of new shares of class a common stock . stock options the fair value of each option is estimated on the date of grant using a black-scholes option pricing model . the following table presents the weighted-average assumptions used in the valuation and the resulting weighted- average fair value per option granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>risk-free rate of return</td><td>2.7% ( 2.7 % )</td><td>2.5% ( 2.5 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>3</td><td>expected term ( in years )</td><td>6.25</td><td>6.17</td><td>6.25</td></tr><tr><td>4</td><td>expected volatility</td><td>32.7% ( 32.7 % )</td><td>41.7% ( 41.7 % )</td><td>37.9% ( 37.9 % )</td></tr><tr><td>5</td><td>expected dividend yield</td><td>0.3% ( 0.3 % )</td><td>0.4% ( 0.4 % )</td><td>0.3% ( 0.3 % )</td></tr><tr><td>6</td><td>weighted-average fair value per option granted</td><td>$ 84.62</td><td>$ 71.03</td><td>$ 78.54</td></tr></table> the risk-free rate of return was based on the u.s . treasury yield curve in effect on the date of grant . the company utilizes the simplified method for calculating the expected term of the option based on the vesting terms and the contractual life of the option . the expected volatility for options granted during 2010 and 2009 was based on the average of the implied volatility of mastercard and a blend of the historical volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to .\nQuestion: what was the difference in the risk-free rate from 2009 to 2010?\nAnswer: 0.2\nQuestion: what was the risk free rate in 2009?\n" }, { "role": "agent", "content": "2.5" } ]
CONVFINQA9822	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n492010 annual report consolidation 2013 effective february 28 , 2010 , the company adopted the fasb amended guidance for con- solidation . this guidance clarifies that the scope of the decrease in ownership provisions applies to the follow- ing : ( i ) a subsidiary or group of assets that is a business or nonprofit activity ; ( ii ) a subsidiary that is a business or nonprofit activity that is transferred to an equity method investee or joint venture ; and ( iii ) an exchange of a group of assets that constitutes a business or nonprofit activ- ity for a noncontrolling interest in an entity ( including an equity method investee or joint venture ) . this guidance also expands the disclosures about the deconsolidation of a subsidiary or derecognition of a group of assets within the scope of the guidance . the adoption of this guidance did not have a material impact on the company 2019s consolidated financial statements . 3 . acquisitions : acquisition of bwe 2013 on december 17 , 2007 , the company acquired all of the issued and outstanding capital stock of beam wine estates , inc . ( 201cbwe 201d ) , an indirect wholly-owned subsidiary of fortune brands , inc. , together with bwe 2019s subsidiaries : atlas peak vineyards , inc. , buena vista winery , inc. , clos du bois , inc. , gary farrell wines , inc . and peak wines international , inc . ( the 201cbwe acquisition 201d ) . as a result of the bwe acquisition , the company acquired the u.s . wine portfolio of fortune brands , inc. , including certain wineries , vineyards or inter- ests therein in the state of california , as well as various super-premium and fine california wine brands including clos du bois and wild horse . the bwe acquisition sup- ports the company 2019s strategy of strengthening its portfolio with fast-growing super-premium and above wines . the bwe acquisition strengthens the company 2019s position as the leading wine company in the world and the leading premium wine company in the u.s . total consideration paid in cash was $ 877.3 million . in addition , the company incurred direct acquisition costs of $ 1.4 million . the purchase price was financed with the net proceeds from the company 2019s december 2007 senior notes ( as defined in note 11 ) and revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 and november 2007 ( as defined in note 11 ) . in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition . the purchase price was based primarily on the estimated future operating results of the bwe business , including the factors described above . in june 2008 , the company sold certain businesses consisting of several of the california wineries and wine brands acquired in the bwe acquisition , as well as certain wineries and wine brands from the states of washington and idaho ( collectively , the 201cpacific northwest business 201d ) ( see note 7 ) . the results of operations of the bwe business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition . the following table summarizes the fair values of the assets acquired and liabilities assumed in the bwe acquisition at the date of acquisition . ( in millions ) current assets $ 288.4 property , plant and equipment 232.8 . <table class='wikitable'><tr><td>1</td><td>current assets</td><td>$ 288.4</td></tr><tr><td>2</td><td>property plant and equipment</td><td>232.8</td></tr><tr><td>3</td><td>goodwill</td><td>334.6</td></tr><tr><td>4</td><td>trademarks</td><td>97.9</td></tr><tr><td>5</td><td>other assets</td><td>30.2</td></tr><tr><td>6</td><td>total assets acquired</td><td>983.9</td></tr><tr><td>7</td><td>current liabilities</td><td>103.9</td></tr><tr><td>8</td><td>long-term liabilities</td><td>1.3</td></tr><tr><td>9</td><td>total liabilities assumed</td><td>105.2</td></tr><tr><td>10</td><td>net assets acquired</td><td>$ 878.7</td></tr></table> other assets 30.2 total assets acquired 983.9 current liabilities 103.9 long-term liabilities 1.3 total liabilities assumed 105.2 net assets acquired $ 878.7 the trademarks are not subject to amortization . all of the goodwill is expected to be deductible for tax purposes . acquisition of svedka 2013 on march 19 , 2007 , the company acquired the svedka vodka brand ( 201csvedka 201d ) in connection with the acquisition of spirits marque one llc and related business ( the 201csvedka acquisition 201d ) . svedka is a premium swedish vodka . at the time of the acquisition , the svedka acquisition supported the company 2019s strategy of expanding the company 2019s premium spirits business and provided a foundation from which the company looked to leverage its existing and future premium spirits portfolio for growth . in addition , svedka complemented the company 2019s then existing portfolio of super-premium and value vodka brands by adding a premium vodka brand . total consideration paid in cash for the svedka acquisition was $ 385.8 million . in addition , the company incurred direct acquisition costs of $ 1.3 million . the pur- chase price was financed with revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 . in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition . the purchase price was based primarily on the estimated future operating results of the svedka business , including the factors described above . the results of operations of the svedka business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition. .\nQuestion: what is the balance of current assets?\n" }, { "role": "agent", "content": "288.4" } ]
CONVFINQA8654	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nl iquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements . we expect this trend to continue in the future . the company's cash and cash equivalents decreased to $ 65565 at june 30 , 2008 from $ 88617 at june 30 , 2007 . the following table summarizes net cash from operating activities in the statement of cash flows : year ended june 30 cash provided by operations increased $ 6754 to $ 181001 for the fiscal year ended june 30 , 2008 as compared to $ 174247 for the fiscal year ended june 30 , 2007 . this increase is primarily attributable to an increase in expenses that do not have a corresponding cash outflow , such as depreciation and amortization , as a percentage of total net income . cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions . during fiscal 2007 , payments for acquisitions totaled $ 34006 , plus $ 5301 paid on earn-outs and other acquisition adjustments . capital expenditures for fiscal 2008 were $ 31105 compared to $ 34202 for fiscal 2007 . cash used for software development in fiscal 2008 was $ 23736 compared to $ 20743 during the prior year . net cash used in financing activities for the current fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises . during fiscal 2007 , net cash used in financing activities included the repurchase of our common stock for $ 98413 and the payment of dividends of $ 21685 . as in the current year , cash used in fiscal 2007 was partially offset by proceeds from the exercise of stock options and the sale of common stock of $ 29212 , $ 4640 excess tax benefits from stock option exercises and $ 19388 net borrowings on revolving credit facilities . at june 30 , 2008 , the company had negative working capital of $ 11418 ; however , the largest component of current liabilities was deferred revenue of $ 212375 . the cash outlay necessary to provide the services related to these deferred revenues is significantly less than this recorded balance . therefore , we do not anticipate any liquidity problems to result from this condition . u.s . financial markets and many of the largest u.s . financial institutions have recently been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities . while we believe it is too early to predict what effect , if any , these developments may have , we have not experienced any significant issues with our current collec- tion efforts , and we believe that any future impact to our liquidity would be minimized by our access to available lines of credit . 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>2007</td><td>year ended june 30 2008 2007</td><td>year ended june 30 2008 2007</td><td>year ended june 30 2008</td></tr><tr><td>2</td><td>net income</td><td>$ 104222</td><td>$ 104681</td><td>$ 89923</td></tr><tr><td>3</td><td>non-cash expenses</td><td>70420</td><td>56348</td><td>52788</td></tr><tr><td>4</td><td>change in receivables</td><td>-2913 ( 2913 )</td><td>-28853 ( 28853 )</td><td>30413</td></tr><tr><td>5</td><td>change in deferred revenue</td><td>5100</td><td>24576</td><td>10561</td></tr><tr><td>6</td><td>change in other assets and liabilities</td><td>4172</td><td>17495</td><td>-14247 ( 14247 )</td></tr><tr><td>7</td><td>net cash from operating activities</td><td>$ 181001</td><td>$ 174247</td><td>$ 169438</td></tr></table> .\nQuestion: what is net change in cash and cash equivalents from 2007 to 2008?\nAnswer: -23052.0\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "-0.26013" } ]
CONVFINQA1285	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwestrock company notes to consolidated financial statements 2014 ( continued ) note 20 . stockholders 2019 equity capitalization our capital stock consists solely of common stock . holders of our common stock are entitled to one vote per share . our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued . the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation . stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 . the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management . in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million . in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million . in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million . as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock . note 21 . share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan . the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) . the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors . the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) . shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation . the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 . in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 . ( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans . we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended . the awards were converted into westrock awards using the conversion factor as described in the business combination agreement . ( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan . the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares available for issuance</td><td>shares available for future grant</td><td>shares to be issued if performance is achieved at maximum</td><td>expect to make new awards</td></tr><tr><td>2</td><td>amended and restated 2016 incentive stock plan ( 1 )</td><td>11.7</td><td>5.1</td><td>2.3</td><td>yes</td></tr><tr><td>3</td><td>2004 incentive stock plan ( 1 ) ( 2 )</td><td>15.8</td><td>3.1</td><td>0.0</td><td>no</td></tr><tr><td>4</td><td>2005 performance incentive plan ( 1 ) ( 2 )</td><td>12.8</td><td>9.0</td><td>0.0</td><td>no</td></tr><tr><td>5</td><td>rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 )</td><td>7.9</td><td>5.9</td><td>0.0</td><td>no</td></tr></table> westrock company notes to consolidated financial statements 2014 ( continued ) note 20 . stockholders 2019 equity capitalization our capital stock consists solely of common stock . holders of our common stock are entitled to one vote per share . our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued . the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation . stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 . the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management . in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million . in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million . in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million . as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock . note 21 . share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan . the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) . the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors . the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) . shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation . the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 . in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 . ( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans . we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended . the awards were converted into westrock awards using the conversion factor as described in the business combination agreement . ( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan . the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .\nQuestion: what is the sum of the number of shares repurchased in 2018 and 2019?\nAnswer: 5.5\nQuestion: what is the number of repurchases in 2017?\nAnswer: 1.8\nQuestion: what is the sum of those years?\nAnswer: 7.3\nQuestion: what is the sum of the aggregate value of the repurchases in 2018 and 2019?\nAnswer: 283.7\nQuestion: what is the sum including the value in 2017?\n" }, { "role": "agent", "content": "376.7" } ]
CONVFINQA4199	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc . under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing . the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group . the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc . the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims . many of these companies are also used by our compensation committee for purposes of compensation benchmarking . the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any . the s&p 500 and our peer group are included for comparative purposes only . they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock . s&p 500 quintilesims peer group . <table class='wikitable'><tr><td>1</td><td>-</td><td>5/9/2013</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>q</td><td>$ 100</td><td>$ 110</td><td>$ 140</td><td>$ 163</td><td>$ 181</td></tr><tr><td>3</td><td>peer group</td><td>$ 100</td><td>$ 116</td><td>$ 143</td><td>$ 151</td><td>$ 143</td></tr><tr><td>4</td><td>s&p 500</td><td>$ 100</td><td>$ 114</td><td>$ 127</td><td>$ 126</td><td>$ 138</td></tr></table> item 6 . selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .\nQuestion: what was the change in the price of the s&p 500 between 2013 and 2014?\nAnswer: 27.0\nQuestion: what was the price in 2013?\n" }, { "role": "agent", "content": "100.0" } ]
CONVFINQA7261	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nequity in net earnings of affiliated companies equity income from the m-i swaco joint venture in 2010 represents eight months of equity income through the closing of the smith transaction . interest expense interest expense of $ 298 million in 2011 increased by $ 91 million compared to 2010 primarily due to the $ 4.6 billion of long-term debt that schlumberger issued during 2011 . interest expense of $ 207 million in 2010 decreased by $ 14 million compared to 2009 primarily due to a decline in the weighted average borrowing rates , from 3.9% ( 3.9 % ) to 3.2% ( 3.2 % ) . research & engineering and general & administrative expenses , as a percentage of revenue , were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>research & engineering</td><td>2.7% ( 2.7 % )</td><td>3.3% ( 3.3 % )</td><td>3.5% ( 3.5 % )</td></tr><tr><td>3</td><td>general & administrative</td><td>1.1% ( 1.1 % )</td><td>1.1% ( 1.1 % )</td><td>1.1% ( 1.1 % )</td></tr></table> although research & engineering decreased as a percentage of revenue in 2011 as compared to 2010 and in 2010 compared to 2009 , it has increased in absolute dollars by $ 154 million and $ 117 million , respectively . these increases in absolute dollars were driven in large part by the impact of the smith acquisition . income taxes the schlumberger effective tax rate was 24.4% ( 24.4 % ) in 2011 , 17.3% ( 17.3 % ) in 2010 , and 19.6% ( 19.6 % ) in 2009 . the schlumberger effective tax rate is sensitive to the geographic mix of earnings . when the percentage of pretax earnings generated outside of north america increases , the schlumberger effective tax rate will generally decrease . conversely , when the percentage of pretax earnings generated outside of north america decreases , the schlumberger effective tax rate will generally increase . the effective tax rate for both 2011 and 2010 was impacted by the charges and credits described in note 3 to the consolidated financial statements . excluding the impact of these charges and credits , the effective tax rate in 2011 was 24.0% ( 24.0 % ) compared to 20.6% ( 20.6 % ) in 2010 . this increase in the effective tax rate , excluding the impact of the charges and credits , was primarily attributable to the fact that schlumberger generated a larger proportion of its pretax earnings in north america in 2011 as compared to 2010 as a result of improved market conditions and the effect of a full year 2019s activity from the acquired smith businesses . the effective tax rate for 2009 was also impacted by the charges and credits described in note 3 to the consolidated financial statements , but to a much lesser extent . excluding charges and credits , the effective tax rate in 2010 was 20.6% ( 20.6 % ) compared to 19.2% ( 19.2 % ) in 2009 . this increase is largely attributable to the geographic mix of earnings as well as the inclusion of four months 2019 results from the acquisition of smith , which served to increase the schlumberger effective tax charges and credits schlumberger recorded significant charges and credits in continuing operations during 2011 , 2010 and 2009 . these charges and credits , which are summarized below , are more fully described in note 3 to the consolidated financial statements. .\nQuestion: what was the change in the schlumberger interest expense from 2010 to 2011?\n" }, { "role": "agent", "content": "207.0" } ]
CONVFINQA4460	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy new orleans , inc . management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 4.9 million primarily due to lower other operation and maintenance expenses , lower taxes other than income taxes , a lower effective income tax rate , and lower interest expense , partially offset by lower net revenue . 2010 compared to 2009 net income remained relatively unchanged , increasing $ 0.6 million , primarily due to higher net revenue and lower interest expense , almost entirely offset by higher other operation and maintenance expenses , higher taxes other than income taxes , lower other income , and higher depreciation and amortization expenses . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2010 net revenue</td><td>$ 272.9</td></tr><tr><td>3</td><td>retail electric price</td><td>-16.9 ( 16.9 )</td></tr><tr><td>4</td><td>net gas revenue</td><td>-9.1 ( 9.1 )</td></tr><tr><td>5</td><td>gas cost recovery asset</td><td>-3.0 ( 3.0 )</td></tr><tr><td>6</td><td>volume/weather</td><td>5.4</td></tr><tr><td>7</td><td>other</td><td>-2.3 ( 2.3 )</td></tr><tr><td>8</td><td>2011 net revenue</td><td>$ 247.0</td></tr></table> the retail electric price variance is primarily due to formula rate plan decreases effective october 2010 and october 2011 . see note 2 to the financial statements for a discussion of the formula rate plan filing . the net gas revenue variance is primarily due to milder weather in 2011 compared to 2010 . the gas cost recovery asset variance is primarily due to the recognition in 2010 of a $ 3 million gas operations regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plan case and the amortization of that asset . see note 2 to the financial statements for additional discussion of the formula rate plan settlement. .\nQuestion: what is the net revenue in 2011?\nAnswer: 247.0\nQuestion: what about in 2010?\nAnswer: 272.9\nQuestion: what is the net change?\nAnswer: -25.9\nQuestion: what growth rate does this represent?\nAnswer: -0.09491\nQuestion: what is the impact of retail electric price in the net revenue?\n" }, { "role": "agent", "content": "-16.9" } ]
CONVFINQA5405	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s . as of september 29 , 2012 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 4.0 billion , and deferred tax liabilities of $ 14.9 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . in addition , the company is subject to audits by state , local , and foreign tax authorities . management believes that adequate provisions have been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 29 , 2012 , september 24 , 2011 , and september 25 , 2010 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 121251</td><td>$ 81570</td><td>$ 51011</td></tr><tr><td>3</td><td>accounts receivable net</td><td>$ 10930</td><td>$ 5369</td><td>$ 5510</td></tr><tr><td>4</td><td>inventories</td><td>$ 791</td><td>$ 776</td><td>$ 1051</td></tr><tr><td>5</td><td>working capital</td><td>$ 19111</td><td>$ 17018</td><td>$ 20956</td></tr><tr><td>6</td><td>annual operating cash flow</td><td>$ 50856</td><td>$ 37529</td><td>$ 18595</td></tr></table> as of september 29 , 2012 , the company had $ 121.3 billion in cash , cash equivalents and marketable securities , an increase of $ 39.7 billion or 49% ( 49 % ) from september 24 , 2011 . the principal components of this net increase was the cash generated by operating activities of $ 50.9 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 8.3 billion , payments for acquisition of intangible assets of $ 1.1 billion and payments of dividends and dividend equivalent rights of $ 2.5 billion . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . as of september 29 , 2012 and september 24 , 2011 , $ 82.6 billion and $ 54.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , common stock repurchases , dividends on its common stock , and other liquidity requirements associated with its existing operations over the next 12 months . capital assets the company 2019s capital expenditures were $ 10.3 billion during 2012 , consisting of $ 865 million for retail store facilities and $ 9.5 billion for other capital expenditures , including product tooling and manufacturing process .\nQuestion: what was the annual operating cash flow in 2012?\n" }, { "role": "agent", "content": "50856.0" } ]
CONVFINQA603	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperiod . the discount reflects our incremental borrowing rate , which matches the lifetime of the liability . significant changes in the discount rate selected or the estimations of sublease income in the case of leases could impact the amounts recorded . other associated costs with restructuring activities we recognize other costs associated with restructuring activities as they are incurred , including moving costs and consulting and legal fees . pensions we sponsor defined benefit pension plans throughout the world . our most significant plans are located in the u.s. , the u.k. , the netherlands and canada . our significant u.s. , u.k . and canadian pension plans are closed to new entrants . we have ceased crediting future benefits relating to salary and service for our u.s. , u.k . and canadian plans . recognition of gains and losses and prior service certain changes in the value of the obligation and in the value of plan assets , which may occur due to various factors such as changes in the discount rate and actuarial assumptions , actual demographic experience and/or plan asset performance are not immediately recognized in net income . such changes are recognized in other comprehensive income and are amortized into net income as part of the net periodic benefit cost . unrecognized gains and losses that have been deferred in other comprehensive income , as previously described , are amortized into compensation and benefits expense as a component of periodic pension expense based on the average expected future service of active employees for our plans in the netherlands and canada , or the average life expectancy of the u.s . and u.k . plan members . after the effective date of the plan amendments to cease crediting future benefits relating to service , unrecognized gains and losses are also be based on the average life expectancy of members in the canadian plans . we amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses . as of december 31 , 2013 , our pension plans have deferred losses that have not yet been recognized through income in the consolidated financial statements . we amortize unrecognized actuarial losses outside of a corridor , which is defined as 10% ( 10 % ) of the greater of market-related value of plan assets or projected benefit obligation . to the extent not offset by future gains , incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized . the following table discloses our combined experience loss , the number of years over which we are amortizing the experience loss , and the estimated 2014 amortization of loss by country ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.k .</td><td>u.s .</td><td>other</td></tr><tr><td>2</td><td>combined experience loss</td><td>$ 2012</td><td>$ 1219</td><td>$ 402</td></tr><tr><td>3</td><td>amortization period ( in years )</td><td>29</td><td>26</td><td>11 - 23</td></tr><tr><td>4</td><td>estimated 2014 amortization of loss</td><td>$ 53</td><td>$ 44</td><td>$ 10</td></tr></table> the unrecognized prior service cost at december 31 , 2013 was $ 27 million in the u.k . and other plans . for the u.s . pension plans we use a market-related valuation of assets approach to determine the expected return on assets , which is a component of net periodic benefit cost recognized in the consolidated statements of income . this approach recognizes 20% ( 20 % ) of any gains or losses in the current year's value of market-related assets , with the remaining 80% ( 80 % ) spread over the next four years . as this approach recognizes gains or losses over a five-year period , the future value of assets and therefore , our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded . as of december 31 , 2013 , the market-related value of assets was $ 1.8 billion . we do not use the market-related valuation approach to determine the funded status of the u.s . plans recorded in the consolidated statements of financial position . instead , we record and present the funded status in the consolidated statements of financial position based on the fair value of the plan assets . as of december 31 , 2013 , the fair value of plan assets was $ 1.9 billion . our non-u.s . plans use fair value to determine expected return on assets. .\nQuestion: what is the combined experience loss for uk and us?\nAnswer: 3231.0\nQuestion: what about if other is included?\n" }, { "role": "agent", "content": "3633.0" } ]
CONVFINQA8990	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n29 annual report 2012 duke realty corporation \| \| those indirect costs not allocated to or absorbed by these operations are charged to general and administrative expenses . we regularly review our total overhead cost structure relative to our leasing , development and construction volume and adjust the level of total overhead , generally through changes in our level of staffing in various functional departments , as necessary in order to control overall general and administrative expense . general and administrative expenses increased from $ 43.1 million in 2011 to $ 46.4 million in 2012 . the following table sets forth the factors that led to the increase in general and administrative expenses from 2011 to 2012 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>general and administrative expenses - 2011</td><td>$ 43.1</td></tr><tr><td>2</td><td>reduction to overall pool of overhead costs ( 1 )</td><td>-11.0 ( 11.0 )</td></tr><tr><td>3</td><td>increased absorption of costs by wholly-owned development and leasing activities ( 2 )</td><td>-14.7 ( 14.7 )</td></tr><tr><td>4</td><td>reduced allocation of costs to service operations and rental operations ( 3 )</td><td>29.0</td></tr><tr><td>5</td><td>general and administrative expenses - 2012</td><td>$ 46.4</td></tr></table> ( 1 ) we reduced our total pool of overhead costs , through staff reductions and other measures , as the result of changes in our product mix and anticipated future levels of third-party construction , leasing , management and other operational activities . ( 2 ) we increased our focus on development of wholly-owned properties , and also significantly increased our leasing activity during 2012 , which resulted in an increased absorption of overhead costs . we capitalized $ 30.4 million and $ 20.0 million of our total overhead costs to leasing and development , respectively , for consolidated properties during 2012 , compared to capitalizing $ 25.3 million and $ 10.4 million of such costs , respectively , for 2011 . combined overhead costs capitalized to leasing and development totaled 31.1% ( 31.1 % ) and 20.6% ( 20.6 % ) of our overall pool of overhead costs for 2012 and 2011 , respectively . ( 3 ) the reduction in the allocation of overhead costs to service operations and rental operations resulted from reduced volumes of third-party construction projects as well as due to reducing our overall investment in office properties , which are more management intensive . interest expense interest expense allocable to continuing operations increased from $ 220.5 million in 2011 to $ 245.2 million in 2012 . we had $ 47.4 million of interest expense allocated to discontinued operations in 2011 , associated with the properties that were disposed of during 2011 , compared to the allocation of only $ 3.1 million of interest expense to discontinued operations for 2012 . total interest expense , combined for continuing and discontinued operations , decreased from $ 267.8 million in 2011 to $ 248.3 million in 2012 . the reduction in total interest expense was primarily the result of a lower weighted average borrowing rate in 2012 , due to refinancing some higher rate bonds in 2011 and 2012 , as well as a slight decrease in our average level of borrowings compared to 2011 . also , due to an increase in properties under development from 2011 , which met the criteria for capitalization of interest and were financed in part by common equity issuances during 2012 , a $ 5.0 million increase in capitalized interest also contributed to the decrease in total interest expense in 2012 . acquisition-related activity during 2012 , we recognized approximately $ 4.2 million in acquisition costs , compared to $ 2.3 million of such costs in 2011 . the increase from 2011 to 2012 is the result of acquiring a higher volume of medical office properties , where a higher level of acquisition costs are incurred than other property types , in 2012 . during 2011 , we also recognized a $ 1.1 million gain related to the acquisition of a building from one of our 50%-owned unconsolidated joint ventures . discontinued operations subject to certain criteria , the results of operations for properties sold during the year to unrelated parties , or classified as held-for-sale at the end of the period , are required to be classified as discontinued operations . the property specific components of earnings that are classified as discontinued operations include rental revenues , rental expenses , real estate taxes , allocated interest expense and depreciation expense , as well as the net gain or loss on the disposition of properties . the operations of 150 buildings are currently classified as discontinued operations . these 150 buildings consist of 114 office , 30 industrial , four retail , and two medical office properties . as a result , we classified operating losses , before gain on sales , of $ 1.5 million , $ 1.8 million and $ 7.1 million in discontinued operations for the years ended december 31 , 2012 , 2011 and 2010 , respectively . of these properties , 28 were sold during 2012 , 101 properties were sold during 2011 and 19 properties were sold during 2010 . the gains on disposal of these properties of $ 13.5 million , $ 100.9 million and $ 33.1 million for the years ended december 31 , 2012 , 2011 and .\nQuestion: what were the general and administrative expenses in 2012?\nAnswer: 46.4\nQuestion: and what were they in 2011?\nAnswer: 43.1\nQuestion: what was, then, the change over the year?\nAnswer: 3.3\nQuestion: and how much does this change represent in relation to the 2011 expenses?\n" }, { "role": "agent", "content": "0.07657" } ]
CONVFINQA3980	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndividends for a summary of the cash dividends paid on citi 2019s outstanding common stock during 2009 and 2010 , see note 33 to the consolidated financial statements . for so long as the u.s . government holds any citigroup trust preferred securities acquired pursuant to the exchange offers consummated in 2009 , citigroup has agreed not to pay a quarterly common stock dividend exceeding $ 0.01 per quarter , subject to certain customary exceptions . further , any dividend on citi 2019s outstanding common stock would need to be made in compliance with citi 2019s obligations to any remaining outstanding citigroup preferred stock . performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citigroup 2019s common stock with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period extending through december 31 , 2010 . the graph and table assume that $ 100 was invested on december 31 , 2005 in citigroup 2019s common stock , the s&p 500 index and the s&p financial index and that all dividends were reinvested . citigroup s&p 500 index s&p financial index comparison of five-year cumulative total return for the years ended 2006 2007 2008 2009 2010 . <table class='wikitable'><tr><td>1</td><td>december 31,</td><td>citigroup</td><td>s&p 500 index</td><td>s&p financial index</td></tr><tr><td>2</td><td>2006</td><td>119.55</td><td>115.79</td><td>119.19</td></tr><tr><td>3</td><td>2007</td><td>66.10</td><td>122.15</td><td>96.98</td></tr><tr><td>4</td><td>2008</td><td>15.88</td><td>76.96</td><td>43.34</td></tr><tr><td>5</td><td>2009</td><td>7.85</td><td>97.33</td><td>50.80</td></tr><tr><td>6</td><td>2010</td><td>11.22</td><td>111.99</td><td>56.96</td></tr></table> .\nQuestion: what is the difference between the value of citigroup in 2010 and the original value invested in it, in 2005?\nAnswer: -88.78\nQuestion: what was, then, the return in relation to this original value, in percentage?\nAnswer: -0.8878\nQuestion: what is the difference between the value of citigroup in 2010 and the original value invested in it, in 2005?\nAnswer: -43.04\nQuestion: and what was, then, the return in relation to this original value, in percentage?\nAnswer: -0.4304\nQuestion: what is the difference between the return of the citigroup stock and the one of the s&p 500 index?\n" }, { "role": "agent", "content": "42.1522" } ]
CONVFINQA5398	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmajority of the increased tax position is attributable to temporary differences . the increase in 2014 current period tax positions related primarily to the company 2019s change in tax accounting method filed in 2008 for repair and maintenance costs on its utility plant . the company does not anticipate material changes to its unrecognized tax benefits within the next year . if the company sustains all of its positions at december 31 , 2014 and 2013 , an unrecognized tax benefit of $ 9444 and $ 7439 , respectively , excluding interest and penalties , would impact the company 2019s effective tax rate . the following table summarizes the changes in the company 2019s valuation allowance: . <table class='wikitable'><tr><td>1</td><td>balance at january 1 2012</td><td>$ 21579</td></tr><tr><td>2</td><td>increases in current period tax positions</td><td>2014</td></tr><tr><td>3</td><td>decreases in current period tax positions</td><td>-2059 ( 2059 )</td></tr><tr><td>4</td><td>balance at december 31 2012</td><td>$ 19520</td></tr><tr><td>5</td><td>increases in current period tax positions</td><td>2014</td></tr><tr><td>6</td><td>decreases in current period tax positions</td><td>-5965 ( 5965 )</td></tr><tr><td>7</td><td>balance at december 31 2013</td><td>$ 13555</td></tr><tr><td>8</td><td>increases in current period tax positions</td><td>2014</td></tr><tr><td>9</td><td>decreases in current period tax positions</td><td>-3176 ( 3176 )</td></tr><tr><td>10</td><td>balance at december 31 2014</td><td>$ 10379</td></tr></table> included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based operations segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance . note 13 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for all employees . the pension plans were closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost . further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position . pension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds , fixed income securities , guaranteed interest contracts with insurance companies , real estate funds and real estate investment trusts ( 201creits 201d ) . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees. .\nQuestion: in 2013, what amount from the company 2019s valuation allowance consisted of a discrete tax benefit?\nAnswer: 2979.0\nQuestion: and what was the total of that valuation allowance?\nAnswer: 13555.0\nQuestion: what percentage, then, does that amount represent in relation to this total?\n" }, { "role": "agent", "content": "0.21977" } ]
CONVFINQA10473	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nskyworks solutions , inc . notes to consolidated financial statements 2014 ( continued ) maintained a valuation allowance of $ 47.0 million . this valuation allowance is comprised of $ 33.6 million related to u.s . state tax credits , of which $ 3.6 million are state tax credits acquired from aati in fiscal year 2012 , and $ 13.4 million related to foreign deferred tax assets . if these benefits are recognized in a future period the valuation allowance on deferred tax assets will be reversed and up to a $ 46.6 million income tax benefit , and up to a $ 0.4 million reduction to goodwill may be recognized . the company will need to generate $ 209.0 million of future united states federal taxable income to utilize our united states deferred tax assets as of september 28 , 2012 . deferred tax assets are recognized for foreign operations when management believes it is more likely than not that the deferred tax assets will be recovered during the carry forward period . the company will continue to assess its valuation allowance in future periods . as of september 28 , 2012 , the company has united states federal net operating loss carry forwards of approximately $ 74.3 million , including $ 29.5 million related to the acquisition of sige , which will expire at various dates through 2030 and $ 28.1 million related to the acquisition of aati , which will expire at various dates through 2031 . the utilization of these net operating losses is subject to certain annual limitations as required under internal revenue code section 382 and similar state income tax provisions . the company also has united states federal income tax credit carry forwards of $ 37.8 million , of which $ 30.4 million of federal income tax credit carry forwards have not been recorded as a deferred tax asset . the company also has state income tax credit carry forwards of $ 33.6 million , for which the company has provided a valuation allowance . the united states federal tax credits expire at various dates through 2032 . the state tax credits relate primarily to california research tax credits which can be carried forward indefinitely . the company has continued to expand its operations and increase its investments in numerous international jurisdictions . these activities will increase the company 2019s earnings attributable to foreign jurisdictions . as of september 28 , 2012 , no provision has been made for united states federal , state , or additional foreign income taxes related to approximately $ 371.5 million of undistributed earnings of foreign subsidiaries which have been or are intended to be permanently reinvested . it is not practicable to determine the united states federal income tax liability , if any , which would be payable if such earnings were not permanently reinvested . the company 2019s gross unrecognized tax benefits totaled $ 52.4 million and $ 32.1 million as of september 28 , 2012 and september 30 , 2011 , respectively . of the total unrecognized tax benefits at september 28 , 2012 , $ 38.8 million would impact the effective tax rate , if recognized . the remaining unrecognized tax benefits would not impact the effective tax rate , if recognized , due to the company 2019s valuation allowance and certain positions which were required to be capitalized . there are no positions which the company anticipates could change within the next twelve months . a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : unrecognized tax benefits . <table class='wikitable'><tr><td>1</td><td>-</td><td>unrecognized tax benefits</td></tr><tr><td>2</td><td>balance at september 30 2011</td><td>$ 32136</td></tr><tr><td>3</td><td>increases based on positions related to prior years</td><td>9004</td></tr><tr><td>4</td><td>increases based on positions related to current year</td><td>11265</td></tr><tr><td>5</td><td>decreases relating to settlements with taxing authorities</td><td>2014</td></tr><tr><td>6</td><td>decreases relating to lapses of applicable statutes of limitations</td><td>-25 ( 25 )</td></tr><tr><td>7</td><td>balance at september 28 2012</td><td>$ 52380</td></tr></table> page 114 annual report .\nQuestion: what was the value of unrecognized tax benefits as of september 28, 2012?\nAnswer: 52380.0\nQuestion: what was the value of unrecognized tax benefits as of september 30, 2011?\nAnswer: 32136.0\nQuestion: what was the change in value?\nAnswer: 20244.0\nQuestion: what was the value of unrecognized tax benefits as of september 30, 2011?\n" }, { "role": "agent", "content": "32136.0" } ]
CONVFINQA9672	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 reconciliation of the total amounts of unrecognized tax benefits for the year : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefit 2014january 1 2008</td><td>$ 7928</td></tr><tr><td>2</td><td>ansoft unrecognized tax benefit 2014acquired july 31 2008</td><td>3525</td></tr><tr><td>3</td><td>gross increases 2014tax positions in prior period</td><td>2454</td></tr><tr><td>4</td><td>gross decreases 2014tax positions in prior period</td><td>-1572 ( 1572 )</td></tr><tr><td>5</td><td>gross increases 2014tax positions in current period</td><td>2255</td></tr><tr><td>6</td><td>reductions due to a lapse of the applicable statute of limitations</td><td>-1598 ( 1598 )</td></tr><tr><td>7</td><td>changes due to currency fluctuation</td><td>-259 ( 259 )</td></tr><tr><td>8</td><td>settlements</td><td>-317 ( 317 )</td></tr><tr><td>9</td><td>unrecognized tax benefit 2014december 31 2008</td><td>$ 12416</td></tr></table> included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.6 million of tax benefits that , if recognized , would affect the effective tax rate . also included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.0 million of tax benefits that , if recognized , would result in a decrease to goodwill recorded in purchase business combinations , and $ 1.9 million of tax benefits that , if recognized , would result in adjustments to other tax accounts , primarily deferred taxes . the company believes it is reasonably possible that uncertain tax positions of approximately $ 2.6 million as of december 31 , 2008 will be resolved within the next twelve months . the company recognizes interest and penalties related to unrecognized tax benefits as income tax expense . related to the uncertain tax benefits noted above , the company recorded interest of $ 171000 during 2008 . penalties recorded during 2008 were insignificant . in total , as of december 31 , 2008 , the company has recognized a liability for penalties of $ 498000 and interest of $ 1.8 million . the company is subject to taxation in the u.s . and various states and foreign jurisdictions . the company 2019s 2005 through 2008 tax years are open to examination by the internal revenue service . the 2005 and 2006 federal returns are currently under examination . the company also has various foreign subsidiaries with tax filings under examination , as well as numerous foreign and state tax filings subject to examination for various years . 10 . pension and profit-sharing plans the company has 401 ( k ) /profit-sharing plans for all qualifying full-time domestic employees that permit participants to make contributions by salary reduction pursuant to section 401 ( k ) of the internal revenue code . the company makes matching contributions on behalf of each eligible participant in an amount equal to 100% ( 100 % ) of the first 3% ( 3 % ) and an additional 25% ( 25 % ) of the next 5% ( 5 % ) , for a maximum total of 4.25% ( 4.25 % ) of the employee 2019s compensation . the company may make a discretionary profit sharing contribution in the amount of 0% ( 0 % ) to 5% ( 5 % ) based on the participant 2019s eligible compensation , provided the employee is employed at the end of the year and has worked at least 1000 hours . the qualifying domestic employees of the company 2019s ansoft subsidiary , acquired on july 31 , 2008 , also participate in a 401 ( k ) plan . there is no matching employer contribution associated with this plan . the company also maintains various defined contribution pension arrangements for its international employees . expenses related to the company 2019s retirement programs were $ 3.7 million in 2008 , $ 4.7 million in 2007 and $ 4.1 million in 2006 . 11 . non-compete and employment agreements employees of the company have signed agreements under which they have agreed not to disclose trade secrets or confidential information and , where legally permitted , that restrict engagement in or connection with any business that is competitive with the company anywhere in the world while employed by the company ( and .\nQuestion: what was the net change in unrecognized tax benefits during 2008?\n" }, { "role": "agent", "content": "4488.0" } ]
CONVFINQA3696	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .\nQuestion: what is the operating expense in 2009?\nAnswer: 7274.0\nQuestion: what about the net sales in 2010\nAnswer: 8654.0\nQuestion: and the operating profit in 2010?\nAnswer: 972.0\nQuestion: what is the operating expense in 2010?\nAnswer: 7682.0\nQuestion: what is the net change in operating expense?\nAnswer: -408.0\nQuestion: what percentage change does this represent?\nAnswer: -0.05311\nQuestion: what is the operating expenses ratio in 2010?\n" }, { "role": "agent", "content": "0.88212" } ]
CONVFINQA8690	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsources of liquidity primary sources of liquidity for citigroup and its principal subsidiaries include : 2022 deposits ; 2022 collateralized financing transactions ; 2022 senior and subordinated debt ; 2022 commercial paper ; 2022 trust preferred and preferred securities ; and 2022 purchased/wholesale funds . citigroup 2019s funding sources are diversified across funding types and geography , a benefit of its global franchise . funding for citigroup and its major operating subsidiaries includes a geographically diverse retail and corporate deposit base of $ 774.2 billion . these deposits are diversified across products and regions , with approximately two-thirds of them outside of the u.s . this diversification provides the company with an important , stable and low-cost source of funding . a significant portion of these deposits has been , and is expected to be , long-term and stable , and are considered to be core . there are qualitative as well as quantitative assessments that determine the company 2019s calculation of core deposits . the first step in this process is a qualitative assessment of the deposits . for example , as a result of the company 2019s qualitative analysis certain deposits with wholesale funding characteristics are excluded from consideration as core . deposits that qualify under the company 2019s qualitative assessments are then subjected to quantitative analysis . excluding the impact of changes in foreign exchange rates and the sale of our retail banking operations in germany during the year ending december 31 , 2008 , the company 2019s deposit base remained stable . on a volume basis , deposit increases were noted in transaction services , u.s . retail banking and smith barney . this was partially offset by the company 2019s decision to reduce deposits considered wholesale funding , consistent with the company 2019s de-leveraging efforts , and declines in international consumer banking and the private bank . citigroup and its subsidiaries have historically had a significant presence in the global capital markets . the company 2019s capital markets funding activities have been primarily undertaken by two legal entities : ( i ) citigroup inc. , which issues long-term debt , medium-term notes , trust preferred securities , and preferred and common stock ; and ( ii ) citigroup funding inc . ( cfi ) , a first-tier subsidiary of citigroup , which issues commercial paper , medium-term notes and structured equity-linked and credit-linked notes , all of which are guaranteed by citigroup . other significant elements of long- term debt on the consolidated balance sheet include collateralized advances from the federal home loan bank system , long-term debt related to the consolidation of icg 2019s structured investment vehicles , asset-backed outstandings , and certain borrowings of foreign subsidiaries . each of citigroup 2019s major operating subsidiaries finances its operations on a basis consistent with its capitalization , regulatory structure and the environment in which it operates . particular attention is paid to those businesses that for tax , sovereign risk , or regulatory reasons cannot be freely and readily funded in the international markets . citigroup 2019s borrowings have historically been diversified by geography , investor , instrument and currency . decisions regarding the ultimate currency and interest rate profile of liquidity generated through these borrowings can be separated from the actual issuance through the use of derivative instruments . citigroup is a provider of liquidity facilities to the commercial paper programs of the two primary credit card securitization trusts with which it transacts . citigroup may also provide other types of support to the trusts . as a result of the recent economic downturn , its impact on the cashflows of the trusts , and in response to credit rating agency reviews of the trusts , the company increased the credit enhancement in the omni trust , and plans to provide additional enhancement to the master trust ( see note 23 to consolidated financial statements on page 175 for a further discussion ) . this support preserves investor sponsorship of our card securitization franchise , an important source of liquidity . banking subsidiaries there are various legal limitations on the ability of citigroup 2019s subsidiary depository institutions to extend credit , pay dividends or otherwise supply funds to citigroup and its non-bank subsidiaries . the approval of the office of the comptroller of the currency , in the case of national banks , or the office of thrift supervision , in the case of federal savings banks , is required if total dividends declared in any calendar year exceed amounts specified by the applicable agency 2019s regulations . state-chartered depository institutions are subject to dividend limitations imposed by applicable state law . in determining the declaration of dividends , each depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements , as well as policy statements of the federal regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings . non-banking subsidiaries citigroup also receives dividends from its non-bank subsidiaries . these non-bank subsidiaries are generally not subject to regulatory restrictions on dividends . however , as discussed in 201ccapital resources and liquidity 201d on page 94 , the ability of cgmhi to declare dividends can be restricted by capital considerations of its broker-dealer subsidiaries . cgmhi 2019s consolidated balance sheet is liquid , with the vast majority of its assets consisting of marketable securities and collateralized short-term financing agreements arising from securities transactions . cgmhi monitors and evaluates the adequacy of its capital and borrowing base on a daily basis to maintain liquidity and to ensure that its capital base supports the regulatory capital requirements of its subsidiaries . some of citigroup 2019s non-bank subsidiaries , including cgmhi , have credit facilities with citigroup 2019s subsidiary depository institutions , including citibank , n.a . borrowings under these facilities must be secured in accordance with section 23a of the federal reserve act . there are various legal restrictions on the extent to which a bank holding company and certain of its non-bank subsidiaries can borrow or obtain credit from citigroup 2019s subsidiary depository institutions or engage in certain other transactions with them . in general , these restrictions require that transactions be on arm 2019s length terms and be secured by designated amounts of specified collateral . see note 20 to the consolidated financial statements on page 169 . at december 31 , 2008 , long-term debt and commercial paper outstanding for citigroup , cgmhi , cfi and citigroup 2019s subsidiaries were as follows : in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc . ( 2 ) citigroup subsidiaries long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 ( 1 ) . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>citigroup parent company</td><td>cgmhi ( 2 )</td><td>citigroup funding inc. ( 2 )</td><td>other citigroup subsidiaries</td><td>-</td></tr><tr><td>2</td><td>long-term debt</td><td>$ 192.3</td><td>$ 20.6</td><td>$ 37.4</td><td>$ 109.3</td><td>-1 ( 1 )</td></tr><tr><td>3</td><td>commercial paper</td><td>$ 2014</td><td>$ 2014</td><td>$ 28.6</td><td>$ 0.5</td><td>-</td></tr></table> ( 1 ) at december 31 , 2008 , approximately $ 67.4 billion relates to collateralized advances from the federal home loan bank . ( 2 ) citigroup inc . guarantees all of cfi 2019s debt and cgmhi 2019s publicly issued securities. .\nQuestion: what is long term debt for citigroup parent company?\n" }, { "role": "agent", "content": "192.3" } ]
CONVFINQA8922	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 income approach indicates value for an asset or liability based on the present value of cash flow projected to be generated over the remaining economic life of the asset or liability being measured . both the amount and the duration of the cash flows are considered from a market participant perspective . our estimates of market participant net cash flows considered historical and projected pricing , remaining developmental effort , operational performance including company- specific synergies , aftermarket retention , product life cycles , material and labor pricing , and other relevant customer , contractual and market factors . where appropriate , the net cash flows are adjusted to reflect the uncertainties associated with the underlying assumptions , as well as the risk profile of the net cash flows utilized in the valuation . the adjusted future cash flows are then discounted to present value using an appropriate discount rate . projected cash flow is discounted at a required rate of return that reflects the relative risk of achieving the cash flows and the time value of money . the market approach is a valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable assets , liabilities , or a group of assets and liabilities . valuation techniques consistent with the market approach often use market multiples derived from a set of comparables . the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for property , plant and equipment . the cost to replace a given asset reflects the estimated reproduction or replacement cost , less an allowance for loss in value due to depreciation . the purchase price allocation resulted in the recognition of $ 2.8 billion of goodwill , all of which is expected to be amortizable for tax purposes . substantially all of the goodwill was assigned to our rms business . the goodwill recognized is attributable to expected revenue synergies generated by the integration of our products and technologies with those of sikorsky , costs synergies resulting from the consolidation or elimination of certain functions , and intangible assets that do not qualify for separate recognition , such as the assembled workforce of sikorsky . determining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgments , including the amount and timing of expected future cash flows , long-term growth rates and discount rates . the cash flows employed in the dcf analyses are based on our best estimate of future sales , earnings and cash flows after considering factors such as general market conditions , customer budgets , existing firm orders , expected future orders , contracts with suppliers , labor agreements , changes in working capital , long term business plans and recent operating performance . use of different estimates and judgments could yield different results . impact to 2015 financial results sikorsky 2019s 2015 financial results have been included in our consolidated financial results only for the period from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated financial results for the year ended december 31 , 2015 do not reflect a full year of sikorsky 2019s results . from the november 6 , 2015 acquisition date through december 31 , 2015 , sikorsky generated net sales of approximately $ 400 million and operating loss of approximately $ 45 million , inclusive of intangible amortization and adjustments required to account for the acquisition . we incurred approximately $ 38 million of non-recoverable transaction costs associated with the sikorsky acquisition in 2015 that were expensed as incurred . these costs are included in other income , net on our consolidated statements of earnings . we also incurred approximately $ 48 million in costs associated with issuing the $ 7.0 billion november 2015 notes used to repay all outstanding borrowings under the 364-day facility used to finance the acquisition . the financing costs were recorded as a reduction of debt and will be amortized to interest expense over the term of the related debt . supplemental pro forma financial information ( unaudited ) the following table presents summarized unaudited pro forma financial information as if sikorsky had been included in our financial results for the entire years in 2015 and 2014 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>net sales</td><td>$ 45366</td><td>$ 47369</td></tr><tr><td>3</td><td>net earnings</td><td>3534</td><td>3475</td></tr><tr><td>4</td><td>basic earnings per common share</td><td>11.39</td><td>10.97</td></tr><tr><td>5</td><td>diluted earnings per common share</td><td>11.23</td><td>10.78</td></tr></table> the unaudited supplemental pro forma financial data above has been calculated after applying our accounting policies and adjusting the historical results of sikorsky with pro forma adjustments , net of tax , that assume the acquisition occurred on january 1 , 2014 . significant pro forma adjustments include the recognition of additional amortization expense related to acquired intangible assets and additional interest expense related to the short-term debt used to finance the acquisition . these .\nQuestion: what was the total of net earnings in 2015?\nAnswer: 3534.0\nQuestion: and what was it in 2014?\n" }, { "role": "agent", "content": "3475.0" } ]
CONVFINQA4206	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 valero energy corporation and subsidiaries notes to consolidated financial statements ( continued ) commodity price risk we are exposed to market risks related to the volatility in the price of crude oil , refined products ( primarily gasoline and distillate ) , grain ( primarily corn ) , and natural gas used in our operations . to reduce the impact of price volatility on our results of operations and cash flows , we use commodity derivative instruments , including futures , swaps , and options . we use the futures markets for the available liquidity , which provides greater flexibility in transacting our hedging and trading operations . we use swaps primarily to manage our price exposure . our positions in commodity derivative instruments are monitored and managed on a daily basis by a risk control group to ensure compliance with our stated risk management policy that has been approved by our board of directors . for risk management purposes , we use fair value hedges , cash flow hedges , and economic hedges . in addition to the use of derivative instruments to manage commodity price risk , we also enter into certain commodity derivative instruments for trading purposes . our objective for entering into each type of hedge or trading derivative is described below . fair value hedges fair value hedges are used to hedge price volatility in certain refining inventories and firm commitments to purchase inventories . the level of activity for our fair value hedges is based on the level of our operating inventories , and generally represents the amount by which our inventories differ from our previous year-end lifo inventory levels . as of december 31 , 2012 , we had the following outstanding commodity derivative instruments that were entered into to hedge crude oil and refined product inventories and commodity derivative instruments related to the physical purchase of crude oil and refined products at a fixed price . the information presents the notional volume of outstanding contracts by type of instrument and year of maturity ( volumes in thousands of barrels ) . notional contract volumes by year of maturity derivative instrument 2013 . <table class='wikitable'><tr><td>1</td><td>derivative instrument</td><td>notionalcontractvolumes byyear ofmaturity 2013</td></tr><tr><td>2</td><td>crude oil and refined products:</td><td>-</td></tr><tr><td>3</td><td>futures 2013 long</td><td>1052</td></tr><tr><td>4</td><td>futures 2013 short</td><td>4857</td></tr><tr><td>5</td><td>physical contracts - long</td><td>3805</td></tr></table> .\nQuestion: what is the volume of futures 2013 short?\nAnswer: 4857.0\nQuestion: what is that times 2?\n" }, { "role": "agent", "content": "9714.0" } ]
CONVFINQA3189	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 2 ) for purposes of calculating the ratio of earnings to fixed charges , earnings consist of earnings before income taxes minus income from equity investees plus fixed charges . fixed charges consist of interest expense and the portion of rental expense we believe is representative of the interest component of rental expense . ( a ) for the years ended december 31 , 2010 and 2009 , earnings available for fixed charges were inadequate to cover fixed charges by $ 37.0 million and $ 461.2 million , respectively . ( 3 ) ebitda is defined as consolidated net income ( loss ) before interest expense , income tax expense ( benefit ) , depreciation , and amortization . adjusted ebitda , which is a measure defined in our credit agreements , is calculated by adjusting ebitda for certain items of income and expense including ( but not limited to ) the following : ( a ) non-cash equity-based compensation ; ( b ) goodwill impairment charges ; ( c ) sponsor fees ; ( d ) certain consulting fees ; ( e ) debt-related legal and accounting costs ; ( f ) equity investment income and losses ; ( g ) certain severance and retention costs ; ( h ) gains and losses from the early extinguishment of debt ; ( i ) gains and losses from asset dispositions outside the ordinary course of business ; and ( j ) non-recurring , extraordinary or unusual gains or losses or expenses . we have included a reconciliation of ebitda and adjusted ebitda in the table below . both ebitda and adjusted ebitda are considered non-gaap financial measures . generally , a non-gaap financial measure is a numerical measure of a company 2019s performance , financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with gaap . non-gaap measures used by the company may differ from similar measures used by other companies , even when similar terms are used to identify such measures . we believe that ebitda and adjusted ebitda provide helpful information with respect to our operating performance and cash flows including our ability to meet our future debt service , capital expenditures and working capital requirements . adjusted ebitda also provides helpful information as it is the primary measure used in certain financial covenants contained in our credit agreements . the following unaudited table sets forth reconciliations of net income ( loss ) to ebitda and ebitda to adjusted ebitda for the periods presented: . <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><td>years ended december 31 , 2010</td><td>years ended december 31 , 2009</td></tr><tr><td>2</td><td>net income ( loss )</td><td>$ 132.8</td><td>$ 119.0</td><td>$ 17.1</td><td>$ -29.2 ( 29.2 )</td><td>$ -373.4 ( 373.4 )</td></tr><tr><td>3</td><td>depreciation and amortization</td><td>208.2</td><td>210.2</td><td>204.9</td><td>209.4</td><td>218.2</td></tr><tr><td>4</td><td>income tax expense ( benefit )</td><td>62.7</td><td>67.1</td><td>11.2</td><td>-7.8 ( 7.8 )</td><td>-87.8 ( 87.8 )</td></tr><tr><td>5</td><td>interest expense net</td><td>250.1</td><td>307.4</td><td>324.2</td><td>391.9</td><td>431.7</td></tr><tr><td>6</td><td>ebitda</td><td>653.8</td><td>703.7</td><td>557.4</td><td>564.3</td><td>188.7</td></tr><tr><td>7</td><td>non-cash equity-based compensation</td><td>8.6</td><td>22.1</td><td>19.5</td><td>11.5</td><td>15.9</td></tr><tr><td>8</td><td>sponsor fees</td><td>2.5</td><td>5.0</td><td>5.0</td><td>5.0</td><td>5.0</td></tr><tr><td>9</td><td>consulting and debt-related professional fees</td><td>0.1</td><td>0.6</td><td>5.1</td><td>15.1</td><td>14.1</td></tr><tr><td>10</td><td>goodwill impairment</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td><td>241.8</td></tr><tr><td>11</td><td>net loss ( gain ) on extinguishments of long-term debt</td><td>64.0</td><td>17.2</td><td>118.9</td><td>-2.0 ( 2.0 )</td><td>2014</td></tr><tr><td>12</td><td>litigation net ( i )</td><td>-4.1 ( 4.1 )</td><td>4.3</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>13</td><td>ipo- and secondary-offering related expenses</td><td>75.0</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>14</td><td>other adjustments ( ii )</td><td>8.6</td><td>13.7</td><td>11.4</td><td>7.9</td><td>-0.1 ( 0.1 )</td></tr><tr><td>15</td><td>adjusted ebitda</td><td>$ 808.5</td><td>$ 766.6</td><td>$ 717.3</td><td>$ 601.8</td><td>$ 465.4</td></tr></table> ( i ) relates to unusual , non-recurring litigation matters . ( ii ) includes certain retention costs and equity investment income , certain severance costs in 2009 and a gain related to the sale of the informacast software and equipment in 2009. .\nQuestion: what is the sum of 2012 income tax expense and net income?\nAnswer: 186.1\nQuestion: what is 2012 net income divided by that sum?\n" }, { "role": "agent", "content": "0.36056" } ]
CONVFINQA6033	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnew accounting pronouncements information regarding new accounting pronouncements is included in note 1 to the consolidated financial statements . financial condition and liquidity the company generates significant ongoing cash flow . increases in long-term debt have been used , in part , to fund share repurchase activities and acquisitions . on november 15 , 2007 , 3m ( safety , security and protection services business ) announced that it had entered into a definitive agreement for 3m 2019s acquisition of 100 percent of the outstanding shares of aearo holding corp . e83a a global leader in the personal protection industry that manufactures and markets personal protection and energy absorbing products e83a for approximately $ 1.2 billion . the sale is expected to close towards the end of the first quarter of 2008 . at december 31 . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>total debt</td><td>$ 4920</td><td>$ 3553</td><td>$ 2381</td></tr><tr><td>3</td><td>less : cash cash equivalents and marketable securities</td><td>2955</td><td>2084</td><td>1072</td></tr><tr><td>4</td><td>net debt</td><td>$ 1965</td><td>$ 1469</td><td>$ 1309</td></tr></table> cash , cash equivalents and marketable securities at december 31 , 2007 totaled approximately $ 3 billion , helped by strong cash flow generation and by the timing of debt issuances . at december 31 , 2006 , cash balances were higher due to the significant pharmaceuticals sales proceeds received in december 2006 . 3m believes its ongoing cash flows provide ample cash to fund expected investments and capital expenditures . the company has sufficient access to capital markets to meet currently anticipated growth and acquisition investment funding needs . the company does not utilize derivative instruments linked to the company 2019s stock . however , the company does have contingently convertible debt that , if conditions for conversion are met , is convertible into shares of 3m common stock ( refer to note 10 in this document ) . the company 2019s financial condition and liquidity are strong . various assets and liabilities , including cash and short-term debt , can fluctuate significantly from month to month depending on short-term liquidity needs . working capital ( defined as current assets minus current liabilities ) totaled $ 4.476 billion at december 31 , 2007 , compared with $ 1.623 billion at december 31 , 2006 . working capital was higher primarily due to increases in cash and cash equivalents , short-term marketable securities , receivables and inventories and decreases in short-term debt and accrued income taxes . the company 2019s liquidity remains strong , with cash , cash equivalents and marketable securities at december 31 , 2007 totaling approximately $ 3 billion . primary short-term liquidity needs are provided through u.s . commercial paper and euro commercial paper issuances . as of december 31 , 2007 , outstanding total commercial paper issued totaled $ 349 million and averaged $ 1.249 billion during 2007 . the company believes it unlikely that its access to the commercial paper market will be restricted . in june 2007 , the company established a medium-term notes program through which up to $ 3 billion of medium-term notes may be offered , with remaining shelf borrowing capacity of $ 2.5 billion as of december 31 , 2007 . on april 30 , 2007 , the company replaced its $ 565-million credit facility with a new $ 1.5-billion five-year credit facility , which has provisions for the company to request an increase of the facility up to $ 2 billion ( at the lenders 2019 discretion ) , and providing for up to $ 150 million in letters of credit . as of december 31 , 2007 , there are $ 110 million in letters of credit drawn against the facility . at december 31 , 2007 , available short-term committed lines of credit internationally totaled approximately $ 67 million , of which $ 13 million was utilized . debt covenants do not restrict the payment of dividends . the company has a \"well-known seasoned issuer\" shelf registration statement , effective february 24 , 2006 , to register an indeterminate amount of debt or equity securities for future sales . the company intends to use the proceeds from future securities sales off this shelf for general corporate purposes . at december 31 , 2007 , certain debt agreements ( $ 350 million of dealer remarketable securities and $ 87 million of esop debt ) had ratings triggers ( bbb-/baa3 or lower ) that would require repayment of debt . the company has an aa credit rating , with a stable outlook , from standard & poor 2019s and an aa1 credit rating , with a negative outlook , from moody 2019s investors service . in addition , under the $ 1.5-billion five-year credit facility agreement , 3m is required to maintain its ebitda to interest ratio as of the end of each fiscal quarter at not less than 3.0 to 1 . this is calculated ( as defined in the agreement ) as the ratio of consolidated total ebitda for the four consecutive quarters then ended to total interest expense on all funded debt for the same period . at december 31 , 2007 , this ratio was approximately 35 to 1. .\nQuestion: what was the difference in working capital between 2006 and 2007?\nAnswer: 2.853\nQuestion: and the specific value for 2006 again?\n" }, { "role": "agent", "content": "1.623" } ]
CONVFINQA9231	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents capital deployment program will be subject to market and economic conditions , applicable legal requirements and other relevant factors . our capital deployment program does not obligate us to continue a dividend for any fixed period , and payment of dividends may be suspended at any time at our discretion . stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing . the following stock performance graph compares our cumulative total stockholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2015 . the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends . the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/9/2013</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td></tr><tr><td>2</td><td>american airlines group inc .</td><td>$ 100</td><td>$ 103</td><td>$ 219</td><td>$ 175</td></tr><tr><td>3</td><td>amex airline index</td><td>100</td><td>102</td><td>152</td><td>127</td></tr><tr><td>4</td><td>s&p 500</td><td>100</td><td>102</td><td>114</td><td>113</td></tr></table> purchases of equity securities by the issuer and affiliated purchasers since july 2014 , our board of directors has approved several share repurchase programs aggregating $ 7.0 billion of authority of which , as of december 31 , 2015 , $ 2.4 billion remained unused under repurchase programs .\nQuestion: what was the value of american airlines in 2015?\n" }, { "role": "agent", "content": "175.0" } ]
CONVFINQA5098	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table summarized the status of the company 2019s non-vested performance share unit awards and changes for the period indicated : weighted- average grant date performance share unit awards shares fair value . <table class='wikitable'><tr><td>1</td><td>performance share unit awards</td><td>year ended december 31 2015 shares</td><td>year ended december 31 2015 weighted- average grant date fair value</td></tr><tr><td>2</td><td>outstanding at january 1,</td><td>-</td><td>$ -</td></tr><tr><td>3</td><td>granted</td><td>10705</td><td>178.84</td></tr><tr><td>4</td><td>vested</td><td>-</td><td>-</td></tr><tr><td>5</td><td>forfeited</td><td>-</td><td>-</td></tr><tr><td>6</td><td>outstanding at december 31,</td><td>10705</td><td>178.84</td></tr></table> 19 . segment reporting the u.s . reinsurance operation writes property and casualty reinsurance and specialty lines of business , including marine , aviation , surety and accident and health ( 201ca&h 201d ) business , on both a treaty and facultative basis , through reinsurance brokers , as well as directly with ceding companies primarily within the u.s . the international operation writes non-u.s . property and casualty reinsurance through everest re 2019s branches in canada and singapore and through offices in brazil , miami and new jersey . the bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its bermuda office and reinsurance to the united kingdom and european markets through its uk branch and ireland re . the insurance operation writes property and casualty insurance directly and through general agents , brokers and surplus lines brokers within the u.s . and canada . the mt . logan re segment represents business written for the segregated accounts of mt . logan re , which were formed on july 1 , 2013 . the mt . logan re business represents a diversified set of catastrophe exposures , diversified by risk/peril and across different geographical regions globally . these segments , with the exception of mt . logan re , are managed independently , but conform with corporate guidelines with respect to pricing , risk management , control of aggregate catastrophe exposures , capital , investments and support operations . management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results . the mt . logan re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria . underwriting results include earned premium less losses and loss adjustment expenses ( 201clae 201d ) incurred , commission and brokerage expenses and other underwriting expenses . we measure our underwriting results using ratios , in particular loss , commission and brokerage and other underwriting expense ratios , which , respectively , divide incurred losses , commissions and brokerage and other underwriting expenses by premiums earned . mt . logan re 2019s business is sourced through operating subsidiaries of the company ; however , the activity is only reflected in the mt . logan re segment . for other inter-affiliate reinsurance , business is generally reported within the segment in which the business was first produced , consistent with how the business is managed . except for mt . logan re , the company does not maintain separate balance sheet data for its operating segments . accordingly , the company does not review and evaluate the financial results of its operating segments based upon balance sheet data. .\nQuestion: what is the number of granted shares times the average share price in 2015?\nAnswer: 1914482.2\nQuestion: what is that value simplified?\n" }, { "role": "agent", "content": "1.91448" } ]
CONVFINQA5870	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\n" }, { "role": "agent", "content": "247.0" } ]
CONVFINQA9056	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2014 and 2013 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 136098</td><td>$ 160468</td></tr><tr><td>3</td><td>gross increases in unrecognized tax benefits 2013 prior year tax positions</td><td>144</td><td>20244</td></tr><tr><td>4</td><td>gross increases in unrecognized tax benefits 2013 current year tax positions</td><td>18877</td><td>16777</td></tr><tr><td>5</td><td>settlements with taxing authorities</td><td>-995 ( 995 )</td><td>-55851 ( 55851 )</td></tr><tr><td>6</td><td>lapse of statute of limitations</td><td>-1630 ( 1630 )</td><td>-4066 ( 4066 )</td></tr><tr><td>7</td><td>foreign exchange gains and losses</td><td>-3646 ( 3646 )</td><td>-1474 ( 1474 )</td></tr><tr><td>8</td><td>ending balance</td><td>$ 148848</td><td>$ 136098</td></tr></table> as of november 28 , 2014 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 14.6 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are ireland , california and the u.s . for ireland , california and the u.s. , the earliest fiscal years open for examination are 2008 , 2008 and 2010 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in july 2013 , a u.s . income tax examination covering fiscal 2008 and 2009 was completed . our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable . we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million . note 10 . restructuring fiscal 2014 restructuring plan in the fourth quarter of fiscal 2014 , in order to better align our global resources for digital media and digital marketing , we initiated a restructuring plan to vacate our research and development facility in china and our sales and marketing facility in russia . this plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $ 18.8 million related to ongoing termination benefits for the positions eliminated . during fiscal 2015 , we intend to vacate both of these facilities . the amount accrued for the fair value of future contractual obligations under these operating leases was insignificant . other restructuring plans during the past several years , we have implemented other restructuring plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies . as of november 28 , 2014 , we considered our other restructuring plans to be substantially complete . we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant. .\nQuestion: what was the total gross amount of unrecognized tax benefits in 2013?\nAnswer: 136098.0\nQuestion: and what was it in 2012?\nAnswer: 160468.0\nQuestion: what was, then, the change in the total gross amount of unrecognized tax benefits over the year?\nAnswer: -24370.0\nQuestion: and how much does this change represent in relation to the 2012 total gross amount, in percentage?\n" }, { "role": "agent", "content": "-0.15187" } ]
CONVFINQA272	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating income ( loss ) by segment is summarized below: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2016</td><td>year ended december 31 , 2015</td><td>year ended december 31 , $ change</td><td>year ended december 31 , % ( % ) change</td></tr><tr><td>2</td><td>north america</td><td>$ 408424</td><td>$ 460961</td><td>$ -52537 ( 52537 )</td><td>( 11.4 ) % ( % )</td></tr><tr><td>3</td><td>emea</td><td>11420</td><td>3122</td><td>8298</td><td>265.8</td></tr><tr><td>4</td><td>asia-pacific</td><td>68338</td><td>36358</td><td>31980</td><td>88.0</td></tr><tr><td>5</td><td>latin america</td><td>-33891 ( 33891 )</td><td>-30593 ( 30593 )</td><td>-3298 ( 3298 )</td><td>10.8</td></tr><tr><td>6</td><td>connected fitness</td><td>-36820 ( 36820 )</td><td>-61301 ( 61301 )</td><td>24481</td><td>39.9</td></tr><tr><td>7</td><td>total operating income</td><td>$ 417471</td><td>$ 408547</td><td>$ 8924</td><td>2.2% ( 2.2 % )</td></tr></table> the increase in total operating income was driven by the following : 2022 operating income in our north america operating segment decreased $ 52.5 million to $ 408.4 million in 2016 from $ 461.0 million in 2015 primarily due to decreases in gross margin discussed above in the consolidated results of operations and $ 17.0 million in expenses related to the liquidation of the sports authority , comprised of $ 15.2 million in bad debt expense and $ 1.8 million of in-store fixture impairment . in addition , this decrease reflects the movement of $ 11.1 million in expenses resulting from a strategic shift in headcount supporting our global business from our connected fitness operating segment to north america . this decrease is partially offset by the increases in revenue discussed above in the consolidated results of operations . 2022 operating income in our emea operating segment increased $ 8.3 million to $ 11.4 million in 2016 from $ 3.1 million in 2015 primarily due to sales growth discussed above and reductions in incentive compensation . this increase was offset by investments in sports marketing and infrastructure for future growth . 2022 operating income in our asia-pacific operating segment increased $ 31.9 million to $ 68.3 million in 2016 from $ 36.4 million in 2015 primarily due to sales growth discussed above and reductions in incentive compensation . this increase was offset by investments in our direct-to-consumer business and entry into new territories . 2022 operating loss in our latin america operating segment increased $ 3.3 million to $ 33.9 million in 2016 from $ 30.6 million in 2015 primarily due to increased investments to support growth in the region and the economic challenges in brazil during the period . this increase in operating loss was offset by sales growth discussed above and reductions in incentive compensation . 2022 operating loss in our connected fitness segment decreased $ 24.5 million to $ 36.8 million in 2016 from $ 61.3 million in 2015 primarily driven by sales growth discussed above . seasonality historically , we have recognized a majority of our net revenues and a significant portion of our income from operations in the last two quarters of the year , driven primarily by increased sales volume of our products during the fall selling season , including our higher priced cold weather products , along with a larger proportion of higher margin direct to consumer sales . the level of our working capital generally reflects the seasonality and growth in our business . we generally expect inventory , accounts payable and certain accrued expenses to be higher in the second and third quarters in preparation for the fall selling season. .\nQuestion: in 2016, what was the amount of the emea segment?\nAnswer: 11420.0\nQuestion: and what was the total operating income?\nAnswer: 417471.0\nQuestion: what percentage, then, of this operating income did that amount represent?\nAnswer: 0.02736\nQuestion: and what percentage did the north america segment amount represent?\n" }, { "role": "agent", "content": "0.97833" } ]
CONVFINQA1832	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconcentration of credit risk credit risk represents the accounting loss that would be recognized at the reporting date if counterparties failed to perform as contracted . the company believes the likelihood of incurring material losses due to concentration of credit risk is remote . the principal financial instruments subject to credit risk are as follows : cash and cash equivalents - the company maintains cash deposits with major banks , which from time to time may exceed insured limits . the possibility of loss related to financial condition of major banks has been deemed minimal . additionally , the company 2019s investment policy limits exposure to concentrations of credit risk and changes in market conditions . accounts receivable - a large number of customers in diverse industries and geographies , as well as the practice of establishing reasonable credit lines , limits credit risk . based on historical trends and experiences , the allowance for doubtful accounts is adequate to cover potential credit risk losses . foreign currency and interest rate contracts and derivatives - exposure to credit risk is limited by internal policies and active monitoring of counterparty risks . in addition , the company uses a diversified group of major international banks and financial institutions as counterparties . the company does not anticipate nonperformance by any of these counterparties . cash and cash equivalents cash equivalents include highly-liquid investments with a maturity of three months or less when purchased . accounts receivable and allowance for doubtful accounts accounts receivable are carried at their face amounts less an allowance for doubtful accounts . accounts receivable are recorded at the invoiced amount and generally do not bear interest . the company estimates the balance of allowance for doubtful accounts by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates . the company 2019s estimates include separately providing for customer balances based on specific circumstances and credit conditions , and when it is deemed probable that the balance is uncollectible . account balances are charged off against the allowance when it is determined the receivable will not be recovered . the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped of $ 15 million as of december 31 , 2015 and 2014 and $ 14 million as of december 31 , 2013 . returns and credit activity is recorded directly to sales . the following table summarizes the activity in the allowance for doubtful accounts: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 77</td><td>$ 81</td><td>$ 73</td></tr><tr><td>3</td><td>bad debt expense</td><td>26</td><td>23</td><td>28</td></tr><tr><td>4</td><td>write-offs</td><td>-22 ( 22 )</td><td>-20 ( 20 )</td><td>-21 ( 21 )</td></tr><tr><td>5</td><td>other ( a )</td><td>-6 ( 6 )</td><td>-7 ( 7 )</td><td>1</td></tr><tr><td>6</td><td>ending balance</td><td>$ 75</td><td>$ 77</td><td>$ 81</td></tr></table> ( a ) other amounts are primarily the effects of changes in currency translations and the impact of allowance for returns and credits . inventory valuations inventories are valued at the lower of cost or market . certain u.s . inventory costs are determined on a last-in , first-out ( lifo ) basis . lifo inventories represented 39% ( 39 % ) and 37% ( 37 % ) of consolidated inventories as of december 31 , 2015 and 2014 , respectively . lifo inventories include certain legacy nalco u.s . inventory acquired at fair value as part of the nalco merger . all other inventory costs are determined using either the average cost or first-in , first-out ( fifo ) methods . inventory values at fifo , as shown in note 5 , approximate replacement during the fourth quarter of 2015 , the company improved estimates related to its inventory reserves and product costing , resulting in a net pre-tax charge of approximately $ 6 million . separately , the actions resulted in charge of $ 20.6 million related to inventory reserve calculations , partially offset by a gain of $ 14.5 million related to the capitalization of certain cost components into inventory . both of these items are reflected in note 3. .\nQuestion: what was the percent of lifo inventories as a percent of consolidated inventories as of december 31, 2015?\nAnswer: 39.0\nQuestion: and what was that in 2014?\nAnswer: 37.0\nQuestion: what was, then, the combined percent of lifo inventories as a percent of consolidated inventories for both years?\n" }, { "role": "agent", "content": "76.0" } ]
CONVFINQA10981	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 balance in the account for allowance of doubtful accounts in 2016?\nAnswer: 44.0\nQuestion: what was the balance in the account for allowance of doubtful accounts in 2017?\nAnswer: 46.7\nQuestion: what is the net change?\nAnswer: -2.7\nQuestion: what was the balance in the account for allowance of doubtful accounts in 2017?\n" }, { "role": "agent", "content": "46.7" } ]
CONVFINQA5651	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 environmental liability includes costs for remediation and restoration of sites , as well as for ongoing monitoring costs , but excludes any anticipated recoveries from third parties . cost estimates are based on information available for each site , financial viability of other potentially responsible parties , and existing technology , laws , and regulations . we believe that we have adequately accrued for our ultimate share of costs at sites subject to joint and several liability . however , the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site-specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs . estimates may also vary due to changes in federal , state , and local laws governing environmental remediation . we do not expect current obligations to have a material adverse effect on our results of operations or financial condition . guarantees 2013 at december 31 , 2006 , we were contingently liable for $ 464 million in guarantees . we have recorded a liability of $ 6 million for the fair value of these obligations as of december 31 , 2006 . 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 . indemnities 2013 our maximum potential exposure under indemnification arrangements , including certain tax indemnifications , can range from a specified dollar amount to an unlimited amount , depending on the nature of the transactions and the agreements . due to uncertainty as to whether claims will be made or how they will be resolved , we cannot reasonably determine the probability of an adverse claim or reasonably estimate any adverse liability or the total maximum exposure under these indemnification arrangements . we do not have any reason to believe that we will be required to make any material payments under these indemnity provisions . income taxes 2013 as previously reported in our form 10-q for the quarter ended september 30 , 2005 , the irs has completed its examinations and issued notices of deficiency for tax years 1995 through 2002 . among their proposed adjustments is the disallowance of tax deductions claimed in connection with certain donations of property . in the fourth quarter of 2005 , the irs national office issued a technical advice memorandum which left unresolved whether the deductions were proper , pending further factual development . we continue to dispute the donation issue , as well as many of the other proposed adjustments , and will contest the associated tax deficiencies through the irs appeals process , and , if necessary , litigation . in addition , the irs is examining the corporation 2019s federal income tax returns for tax years 2003 and 2004 and should complete their exam in 2007 . we do not expect that the ultimate resolution of these examinations will have a material adverse effect on our consolidated financial statements . 11 . other income other income included the following for the years ended december 31 : millions of dollars 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>rental income</td><td>$ 83</td><td>$ 59</td><td>$ 55</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>72</td><td>135</td><td>69</td></tr><tr><td>4</td><td>interest income</td><td>29</td><td>17</td><td>10</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-33 ( 33 )</td><td>-23 ( 23 )</td><td>-11 ( 11 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-33 ( 33 )</td><td>-43 ( 43 )</td><td>-35 ( 35 )</td></tr><tr><td>7</td><td>total</td><td>$ 118</td><td>$ 145</td><td>$ 88</td></tr></table> .\nQuestion: what was rental income in 2005?\nAnswer: 59.0\nQuestion: what was it in 2004?\nAnswer: 55.0\nQuestion: what is the net change?\nAnswer: 4.0\nQuestion: what was the 2004 value?\n" }, { "role": "agent", "content": "55.0" } ]
CONVFINQA1307	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 recognizing customer revenue , the company must assess the collectability of both the amounts billed and the portion recognized on a straight-line basis . this assessment takes customer credit risk and business and industry conditions into consideration to ultimately determine the collectability of the amounts billed . to the extent the amounts , based on management 2019s estimates , may not be collectible , recognition is deferred until such point as the uncertainty is resolved . any amounts which were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense . accounts receivable are reported net of allowances for doubtful accounts related to estimated losses resulting from a customer 2019s inability to make required payments and reserves for amounts invoiced whose collectability is not reasonably assured . these allowances are generally estimated based on payment patterns , days past due and collection history , and incorporate changes in economic conditions that may not be reflected in historical trends , such as customers in bankruptcy , liquidation or reorganization . receivables are written-off against the allowances when they are determined uncollectible . such determination includes analysis and consideration of the particular conditions of the account . changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance as of january 1,</td><td>$ 28520</td><td>$ 11482</td><td>$ 8850</td></tr><tr><td>3</td><td>current year increases</td><td>16219</td><td>26771</td><td>12059</td></tr><tr><td>4</td><td>recoveries and other</td><td>-22234 ( 22234 )</td><td>-9733 ( 9733 )</td><td>-9427 ( 9427 )</td></tr><tr><td>5</td><td>balance as of december 31,</td><td>$ 22505</td><td>$ 28520</td><td>$ 11482</td></tr></table> the company 2019s largest international customer is iusacell , which is the brand name under which a group of companies controlled by grupo iusacell , s.a . de c.v . ( 201cgrupo iusacell 201d ) operates . iusacell represented approximately 4% ( 4 % ) of the company 2019s total revenue for the year ended december 31 , 2010 . grupo iusacell has been engaged in a refinancing of a majority of its u.s . dollar denominated debt , and in connection with this process , two of the legal entities of the group , including grupo iusacell , voluntarily filed for a pre-packaged concurso mercantil ( a process substantially equivalent to chapter 11 of u.s . bankruptcy law ) with the backing of a majority of their financial creditors in december 2010 . as of december 31 , 2010 , iusacell notes receivable , net , and related assets ( which include financing lease commitments and a deferred rent asset that are primarily long-term in nature ) were $ 19.7 million and $ 51.2 million , respectively . functional currency 2014as a result of changes to the organizational structure of the company 2019s subsidiaries in latin america in 2010 , the company determined that effective january 1 , 2010 , the functional currency of its foreign subsidiary in brazil is the brazilian real . from that point forward , all assets and liabilities held by the subsidiary in brazil are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional currency from u.s . dollars to brazilian real gave rise to an increase in the net value of certain non-monetary assets and liabilities . the aggregate impact on such assets and liabilities was $ 39.8 million with an offsetting increase in accumulated other comprehensive income ( loss ) . as a result of the renegotiation of the company 2019s agreements with its largest international customer , iusacell , which included , among other changes , converting all of iusacell 2019s contractual obligations to the company from u.s . dollars to mexican pesos , the company has determined that effective april 1 , 2010 , the functional currency of certain of its foreign subsidiaries in mexico is the mexican peso . from that point forward , all assets and liabilities held by those subsidiaries in mexico are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional .\nQuestion: what was the net difference in the balance of allowances from 2009 to 2010?\n" }, { "role": "agent", "content": "-6015.0" } ]
CONVFINQA10242	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .\nQuestion: what were the storage costs in 2017, in millions?\nAnswer: 140.5\nQuestion: and what were they in 2016, also in millions?\nAnswer: 135.1\nQuestion: what was, then, in millions, the total storage costs in the two years combined?\n" }, { "role": "agent", "content": "275.6" } ]
CONVFINQA7575	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy new orleans , inc . management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 4.9 million primarily due to lower other operation and maintenance expenses , lower taxes other than income taxes , a lower effective income tax rate , and lower interest expense , partially offset by lower net revenue . 2010 compared to 2009 net income remained relatively unchanged , increasing $ 0.6 million , primarily due to higher net revenue and lower interest expense , almost entirely offset by higher other operation and maintenance expenses , higher taxes other than income taxes , lower other income , and higher depreciation and amortization expenses . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2010 net revenue</td><td>$ 272.9</td></tr><tr><td>3</td><td>retail electric price</td><td>-16.9 ( 16.9 )</td></tr><tr><td>4</td><td>net gas revenue</td><td>-9.1 ( 9.1 )</td></tr><tr><td>5</td><td>gas cost recovery asset</td><td>-3.0 ( 3.0 )</td></tr><tr><td>6</td><td>volume/weather</td><td>5.4</td></tr><tr><td>7</td><td>other</td><td>-2.3 ( 2.3 )</td></tr><tr><td>8</td><td>2011 net revenue</td><td>$ 247.0</td></tr></table> the retail electric price variance is primarily due to formula rate plan decreases effective october 2010 and october 2011 . see note 2 to the financial statements for a discussion of the formula rate plan filing . the net gas revenue variance is primarily due to milder weather in 2011 compared to 2010 . the gas cost recovery asset variance is primarily due to the recognition in 2010 of a $ 3 million gas operations regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plan case and the amortization of that asset . see note 2 to the financial statements for additional discussion of the formula rate plan settlement. .\nQuestion: what is the 2010 net revenue?\nAnswer: 272.9\nQuestion: what is the 2011 net revenue?\nAnswer: 247.0\nQuestion: what is the total net revenue of the years 2010 and 2011?\nAnswer: 519.9\nQuestion: what is the sum between that total and the number 2?\nAnswer: 521.9\nQuestion: what is the average of these 2 years?\n" }, { "role": "agent", "content": "260.95" } ]
CONVFINQA7799	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 26 of 100 our calculation of adjusted net earnings is summarized below: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net earnings attributable to ball corporation as reported</td><td>$ 468.0</td><td>$ 387.9</td><td>$ 319.5</td></tr><tr><td>3</td><td>discontinued operations net of tax</td><td>74.9</td><td>2.2</td><td>-4.6 ( 4.6 )</td></tr><tr><td>4</td><td>business consolidation activities net of tax</td><td>-9.3 ( 9.3 )</td><td>13.0</td><td>27.1</td></tr><tr><td>5</td><td>gains and equity earnings related to acquisitions net of tax</td><td>-105.9 ( 105.9 )</td><td>2212</td><td>2212</td></tr><tr><td>6</td><td>gain on dispositions net of tax</td><td>2212</td><td>-30.7 ( 30.7 )</td><td>-4.4 ( 4.4 )</td></tr><tr><td>7</td><td>debt refinancing costs net of tax</td><td>5.3</td><td>2212</td><td>2212</td></tr><tr><td>8</td><td>adjusted net earnings</td><td>$ 433.0</td><td>$ 372.4</td><td>$ 337.6</td></tr><tr><td>9</td><td>per diluted share from continuing operations as reported</td><td>$ 2.96</td><td>$ 2.05</td><td>$ 1.62</td></tr><tr><td>10</td><td>per diluted share as adjusted</td><td>2.36</td><td>1.96</td><td>1.74</td></tr></table> debt facilities and refinancing interest-bearing debt at december 31 , 2010 , increased $ 216.1 million to $ 2.8 billion from $ 2.6 billion at december 31 , 2009 . in december 2010 , ball replaced its senior credit facilities due october 2011 with new senior credit facilities due december 2015 . the senior credit facilities bear interest at variable rates and include a $ 200 million term a loan denominated in u.s . dollars , a a351 million term b loan denominated in british sterling and a 20ac100 million term c loan denominated in euros . the facilities also include ( 1 ) a multi-currency , long-term revolving credit facility that provides the company with up to approximately $ 850 million and ( 2 ) a french multi-currency revolving facility that provides the company with up to $ 150 million . the revolving credit facilities expire in december 2015 . in november 2010 , ball issued $ 500 million of new 5.75 percent senior notes due in may 2021 . the net proceeds from this offering were used to repay the borrowings under our term d loan facility and for general corporate purposes . in march 2010 , ball issued $ 500 million of new 6.75 percent senior notes due in september 2020 . on that same date , the company issued a notice of redemption to call $ 509 million in 6.875 percent senior notes due december 2012 at a redemption price of 101.146 percent of the outstanding principal amount plus accrued interest . the redemption of the bonds occurred on april 21 , 2010 , and resulted in a charge of $ 8.1 million for the call premium and the write off of unamortized financing costs and unamortized premiums . the charge is included in the 2010 statement of earnings as a component of interest expense . at december 31 , 2010 , approximately $ 976 million was available under the company 2019s committed multi-currency revolving credit facilities . the company 2019s prc operations also had approximately $ 20 million available under a committed credit facility of approximately $ 52 million . in addition to the long-term committed credit facilities , the company had $ 372 million of short-term uncommitted credit facilities available at the end of 2010 , of which $ 76.2 million was outstanding and due on demand , as well as approximately $ 175 million of available borrowings under its accounts receivable securitization program . in october 2010 , the company renewed its receivables sales agreement for a period of one year . the size of the new program will vary between a maximum of $ 125 million for settlement dates in january through april and a maximum of $ 175 million for settlement dates in the remaining months . given our free cash flow projections and unused credit facilities that are available until december 2015 , our liquidity is strong and is expected to meet our ongoing operating cash flow and debt service requirements . while the recent financial and economic conditions have raised concerns about credit risk with counterparties to derivative transactions , the company mitigates its exposure by spreading the risk among various counterparties and limiting exposure to any one party . we also monitor the credit ratings of our suppliers , customers , lenders and counterparties on a regular basis . we were in compliance with all loan agreements at december 31 , 2010 , and all prior years presented , and have met all debt payment obligations . the u.s . note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness . additional details about our debt and receivables sales agreements are available in notes 12 and 6 , respectively , accompanying the consolidated financial statements within item 8 of this report. .\nQuestion: what was net earnings per diluted share in 2010?\nAnswer: 2.36\nQuestion: what was net earnings per diluted share in 2009?\nAnswer: 1.96\nQuestion: what is the net difference?\nAnswer: 0.4\nQuestion: what was the percent change?\n" }, { "role": "agent", "content": "0.20408" } ]
CONVFINQA82	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2014</td><td>as of december 2013</td></tr><tr><td>2</td><td>common shareholders 2019 equity</td><td>$ 73597</td><td>$ 71267</td></tr><tr><td>3</td><td>deductions for goodwill and identifiable intangible assets net of deferred tax liabilities</td><td>-3196 ( 3196 )</td><td>-3468 ( 3468 )</td></tr><tr><td>4</td><td>deductions for investments in nonconsolidated financial institutions</td><td>-4928 ( 4928 )</td><td>-9091 ( 9091 )</td></tr><tr><td>5</td><td>other adjustments</td><td>-1213 ( 1213 )</td><td>-489 ( 489 )</td></tr><tr><td>6</td><td>cet1</td><td>$ 64260</td><td>$ 58219</td></tr><tr><td>7</td><td>basel iii advanced rwas</td><td>$ 577869</td><td>$ 594662</td></tr><tr><td>8</td><td>basel iii advanced cet1 ratio</td><td>11.1% ( 11.1 % )</td><td>9.8% ( 9.8 % )</td></tr><tr><td>9</td><td>standardized rwas</td><td>$ 627444</td><td>$ 635092</td></tr><tr><td>10</td><td>standardized cet1 ratio</td><td>10.2% ( 10.2 % )</td><td>9.2% ( 9.2 % )</td></tr></table> although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) . these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators . see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 . in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively . 2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds . the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments . 2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions . supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations . under amendments to the revised capital framework , the u.s . federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee . the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments . the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s . banks deemed to be g-sibs , effective on january 1 , 2018 . certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 . as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) . we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies . this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s . federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators . 60 goldman sachs 2014 annual report .\nQuestion: what is the net change in standardized rwas from 2013 to 2014?\nAnswer: -7648.0\nQuestion: what is the balance of standardized rwas in 2013?\nAnswer: 635092.0\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "-0.01204" } ]
CONVFINQA7617	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n6feb201418202649 performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 2018 2018s&p 500 index 2019 2019 ) , ( ii ) the standard & poor 2019s industrials index ( 2018 2018s&p industrials index 2019 2019 ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 2018 2018s&p consumer durables & apparel index 2019 2019 ) , from december 31 , 2008 through december 31 , 2013 , when the closing price of our common stock was $ 22.77 . the graph assumes investments of $ 100 on december 31 , 2008 in our common stock and in each of the three indices and the reinvestment of dividends . $ 350.00 $ 300.00 $ 250.00 $ 200.00 $ 150.00 $ 100.00 $ 50.00 performance graph . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td></tr><tr><td>2</td><td>masco</td><td>$ 128.21</td><td>$ 120.32</td><td>$ 102.45</td><td>$ 165.80</td><td>$ 229.59</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 125.92</td><td>$ 144.58</td><td>$ 147.60</td><td>$ 171.04</td><td>$ 225.85</td></tr><tr><td>4</td><td>s&p industrials index</td><td>$ 120.19</td><td>$ 151.89</td><td>$ 150.97</td><td>$ 173.87</td><td>$ 243.73</td></tr><tr><td>5</td><td>s&p consumer durables & apparel index</td><td>$ 136.29</td><td>$ 177.91</td><td>$ 191.64</td><td>$ 232.84</td><td>$ 316.28</td></tr></table> in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise . at december 31 , 2013 , we had remaining authorization to repurchase up to 22.6 million shares . during the first quarter of 2013 , we repurchased and retired 1.7 million shares of our common stock , for cash aggregating $ 35 million to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards . we have not purchased any shares since march 2013. .\nQuestion: what was the performance value of the masco common stock in 2013?\n" }, { "role": "agent", "content": "229.59" } ]
CONVFINQA6927	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnatural gas prices on average were lower in 2009 than in 2008 and in 2007 , with prices in 2008 hitting uniquely high levels . a significant portion of our natural gas production in the lower 48 states of the u.s . is sold at bid-week prices or first-of-month indices relative to our specific producing areas . a large portion of natural gas sales in alaska are subject to term contracts . our other major natural gas-producing regions are europe and equatorial guinea , where large portions of our natural gas sales are also subject to term contracts , making realized prices in these areas less volatile . as we sell larger quantities of natural gas from these regions , to the extent that these fixed prices are lower than prevailing prices , our reported average natural gas prices realizations may be less than benchmark natural gas prices . oil sands mining oil sands mining segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil and vacuum gas oil we produce . roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select . output mix can be impacted by operational problems or planned unit outages at the mine or the upgrader . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian aeco natural gas sales index and crude prices respectively . the table below shows average benchmark prices that impact both our revenues and variable costs. . <table class='wikitable'><tr><td>1</td><td>benchmark</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>wti crude oil ( dollars per barrel )</td><td>$ 62.09</td><td>$ 99.75</td><td>$ 72.41</td></tr><tr><td>3</td><td>western canadian select ( dollars per barrel ) ( a )</td><td>$ 52.13</td><td>$ 79.59</td><td>$ 49.60</td></tr><tr><td>4</td><td>aeco natural gas sales index ( dollars per mmbtu ) ( b )</td><td>$ 3.49</td><td>$ 7.74</td><td>$ 6.06</td></tr></table> western canadian select ( dollars per barrel ) ( a ) $ 52.13 $ 79.59 $ 49.60 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.49 $ 7.74 $ 6.06 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) alberta energy company day ahead index . integrated gas our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand . our integrated gas operations include marketing and transportation of products manufactured from natural gas , such as lng and methanol , primarily in west africa , the u.s . and europe . our most significant lng investment is our 60 percent ownership in a production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . in 2009 , the gross sales from the plant were 3.9 million metric tonnes , while in 2008 , its first full year of operations , the plant sold 3.4 million metric tonnes . industry estimates of 2009 lng trade are approximately 185 million metric tonnes . more lng production facilities and tankers were under construction in 2009 . as a result of the sharp worldwide economic downturn in 2008 , continued weak economies are expected to lower natural gas consumption in various countries ; therefore , affecting near-term demand for lng . long-term lng supply continues to be in demand as markets seek the benefits of clean burning natural gas . market prices for lng are not reported or posted . in general , lng delivered to the u.s . is tied to henry hub prices and will track with changes in u.s . natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices . we own a 45 percent interest in a methanol plant located in equatorial guinea through our investment in ampco . gross sales of methanol from the plant totaled 960374 metric tonnes in 2009 and 792794 metric tonnes in 2008 . methanol demand has a direct impact on ampco 2019s earnings . because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices . the 2010 chemical markets associates , inc . estimates world demand for methanol in 2009 was 41 million metric tonnes . our plant capacity is 1.1 million , or about 3 percent of total demand . refining , marketing and transportation rm&t segment income depends largely on our refining and wholesale marketing gross margin , refinery throughputs and retail marketing gross margins for gasoline , distillates and merchandise. .\nQuestion: what was the net change in value of the average price of the wti crude oil benchmark from 2008 to 2009?\nAnswer: -37.66\nQuestion: what was the value in 2009?\nAnswer: 99.75\nQuestion: what was the percent decrease?\n" }, { "role": "agent", "content": "-0.37754" } ]
CONVFINQA1607	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table summarizes the total contractual amount of credit-related , off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to independent third parties. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>indemnified securities financing</td><td>$ 324590</td><td>$ 558368</td></tr><tr><td>3</td><td>liquidity asset purchase agreements</td><td>28800</td><td>35339</td></tr><tr><td>4</td><td>unfunded commitments to extend credit</td><td>20981</td><td>17533</td></tr><tr><td>5</td><td>standby letters of credit</td><td>6061</td><td>4711</td></tr></table> approximately 81% ( 81 % ) of the unfunded commitments to extend credit expire within one year from the date of issue . since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements . securities finance : on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . we generally indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . in this regard , we held , as agent , cash and u.s . government securities with an aggregate fair value of $ 333.07 billion and $ 572.93 billion as collateral for indemnified securities on loan at december 31 , 2008 and 2007 , respectively , presented in the table above . the collateral held by us is invested on behalf of our customers . in certain cases , the collateral is invested in third-party repurchase agreements , for which we indemnify the customer against loss of the principal invested . we require the repurchase agreement counterparty to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . the indemnified repurchase agreements and the related collateral are not recorded in our consolidated statement of condition . of the collateral of $ 333.07 billion at december 31 , 2008 and $ 572.93 billion at december 31 , 2007 referenced above , $ 68.37 billion at december 31 , 2008 and $ 106.13 billion at december 31 , 2007 was invested in indemnified repurchase agreements . we held , as agent , cash and securities with an aggregate fair value of $ 71.87 billion and $ 111.02 billion as collateral for indemnified investments in repurchase agreements at december 31 , 2008 and december 31 , 2007 , respectively . asset-backed commercial paper program : in the normal course of our business , we provide liquidity and credit enhancement to an asset-backed commercial paper program sponsored and administered by us , described in note 12 . the commercial paper issuances and commitments of the commercial paper conduits to provide funding are supported by liquidity asset purchase agreements and back-up liquidity lines of credit , the majority of which are provided by us . in addition , we provide direct credit support to the conduits in the form of standby letters of credit . our commitments under liquidity asset purchase agreements and back-up lines of credit totaled $ 23.59 billion at december 31 , 2008 , and are included in the preceding table . our commitments under standby letters of credit totaled $ 1.00 billion at december 31 , 2008 , and are also included in the preceding table . legal proceedings : several customers have filed litigation claims against us , some of which are putative class actions purportedly on behalf of customers invested in certain of state street global advisors 2019 , or ssga 2019s , active fixed-income strategies . these claims related to investment losses in one or more of ssga 2019s strategies that included sub-prime investments . in 2007 , we established a reserve of approximately $ 625 million to address legal exposure associated with the under-performance of certain active fixed-income strategies managed by ssga and customer concerns as to whether the execution of these strategies was consistent with the customers 2019 investment intent . these strategies were adversely impacted by exposure to , and the lack of liquidity in .\nQuestion: what was the value of standby letters of credit in 2008?\nAnswer: 6061.0\nQuestion: what was the value in 2007?\n" }, { "role": "agent", "content": "4711.0" } ]
CONVFINQA9077	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrecognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees . 2022 professional fees and outside services expense decreased in 2017 compared to 2016 , largely due to higher legal and regulatory fees in 2016 related to our business activities and product offerings as well as higher professional fees related to a greater reliance on consultants for security and systems enhancement work . the overall decrease in operating expenses in 2017 when compared with 2016 was partially offset by the following increases : 2022 licensing and other fee sharing agreements expense increased due to higher expense resulting from incentive payments made to facilitate the transition of the russell contract open interest , as well as increased costs of revenue sharing agreements for certain licensed products . the overall increase in 2017 was partially offset by lower expense related to revenue sharing agreements for certain equity and energy contracts due to lower volume for these products compared to 2016 . 2022 compensation and benefits expense increased as a result of higher average headcount primarily in our international locations as well as normal cost of living adjustments . 2016 compared with 2015 operating expenses increased by $ 54.4 million in 2016 when compared with 2015 . the following table shows the estimated impact of key factors resulting in the net decrease in operating expenses . ( dollars in millions ) over-year change change as a percentage of 2015 expenses . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>year-over-yearchange</td><td>change as apercentage of2015 expenses</td></tr><tr><td>2</td><td>loss on datacenter and related legal fees</td><td>$ 28.6</td><td>2% ( 2 % )</td></tr><tr><td>3</td><td>professional fees and outside services</td><td>24.4</td><td>2</td></tr><tr><td>4</td><td>foreign currency exchange rate fluctuation</td><td>13.2</td><td>1</td></tr><tr><td>5</td><td>licensing and other fee agreements</td><td>12.0</td><td>1</td></tr><tr><td>6</td><td>reorganization severance and retirement costs</td><td>-8.1 ( 8.1 )</td><td>-1 ( 1 )</td></tr><tr><td>7</td><td>real estate taxes and fees</td><td>-10.0 ( 10.0 )</td><td>-1 ( 1 )</td></tr><tr><td>8</td><td>other expenses net</td><td>-5.7 ( 5.7 )</td><td>2014</td></tr><tr><td>9</td><td>total</td><td>$ 54.4</td><td>4% ( 4 % )</td></tr></table> overall operating expenses increased in 2016 when compared with 2015 due to the following reasons : 2022 in 2016 , we recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees as a result of our sale and leaseback of our datacenter . 2022 professional fees and outside services expense increased in 2016 largely due to an increase in legal and regulatory efforts related to our business activities and product offerings as well as an increase in professional fees related to a greater reliance on consultants for security and systems enhancement work . 2022 in 2016 , we recognized a net loss of $ 24.5 million due to an unfavorable change in exchange rates on foreign cash balances , compared with a net loss of $ 11.3 million in 2015 . 2022 licensing and other fee sharing agreements expense increased due to higher expense related to revenue sharing agreements for certain equity and energy contracts due to both higher volume and an increase in license rates for certain equity and energy products. .\nQuestion: what is the ratio of the total operating expenses year over year change to the change as a percent?\n" }, { "role": "agent", "content": "1360.0" } ]
CONVFINQA1277	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncustomer demand . this compared with 555000 tons of total downtime in 2006 of which 150000 tons related to lack-of-orders . printing papers in millions 2007 2006 2005 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>sales</td><td>$ 6530</td><td>$ 6700</td><td>$ 6980</td></tr><tr><td>3</td><td>operating profit</td><td>$ 1101</td><td>$ 636</td><td>$ 434</td></tr></table> north american printing papers net sales in 2007 were $ 3.5 billion compared with $ 4.4 billion in 2006 ( $ 3.5 billion excluding the coated and super- calendered papers business ) and $ 4.8 billion in 2005 ( $ 3.2 billion excluding the coated and super- calendered papers business ) . sales volumes decreased in 2007 versus 2006 partially due to reduced production capacity resulting from the conversion of the paper machine at the pensacola mill to the production of lightweight linerboard for our industrial packaging segment . average sales price realizations increased significantly , reflecting benefits from price increases announced throughout 2007 . lack-of-order downtime declined to 27000 tons in 2007 from 40000 tons in 2006 . operating earnings of $ 537 million in 2007 increased from $ 482 million in 2006 ( $ 407 million excluding the coated and supercalendered papers business ) and $ 175 million in 2005 ( $ 74 million excluding the coated and supercalendered papers business ) . the benefits from improved average sales price realizations more than offset the effects of higher input costs for wood , energy , and freight . mill operations were favorable compared with the prior year due to current-year improvements in machine performance and energy conservation efforts . sales volumes for the first quarter of 2008 are expected to increase slightly , and the mix of prod- ucts sold to improve . demand for printing papers in north america was steady as the quarter began . price increases for cut-size paper and roll stock have been announced that are expected to be effective principally late in the first quarter . planned mill maintenance outage costs should be about the same as in the fourth quarter ; however , raw material costs are expected to continue to increase , primarily for wood and energy . brazil ian papers net sales for 2007 of $ 850 mil- lion were higher than the $ 495 million in 2006 and the $ 465 million in 2005 . compared with 2006 , aver- age sales price realizations improved reflecting price increases for uncoated freesheet paper realized dur- ing the second half of 2006 and the first half of 2007 . excluding the impact of the luiz antonio acquisition , sales volumes increased primarily for cut size and offset paper . operating profits for 2007 of $ 246 mil- lion were up from $ 122 million in 2006 and $ 134 mil- lion in 2005 as the benefits from higher sales prices and favorable manufacturing costs were only parti- ally offset by higher input costs . contributions from the luiz antonio acquisition increased net sales by approximately $ 350 million and earnings by approx- imately $ 80 million in 2007 . entering 2008 , sales volumes for uncoated freesheet paper and pulp should be seasonally lower . average price realizations should be essentially flat , but mar- gins are expected to reflect a less favorable product mix . energy costs , primarily for hydroelectric power , are expected to increase significantly reflecting a lack of rainfall in brazil in the latter part of 2007 . european papers net sales in 2007 were $ 1.5 bil- lion compared with $ 1.3 billion in 2006 and $ 1.2 bil- lion in 2005 . sales volumes in 2007 were higher than in 2006 at our eastern european mills reflecting stronger market demand and improved efficiencies , but lower in western europe reflecting the closure of the marasquel mill in 2006 . average sales price real- izations increased significantly in 2007 in both east- ern and western european markets . operating profits of $ 214 million in 2007 increased from a loss of $ 16 million in 2006 and earnings of $ 88 million in 2005 . the loss in 2006 reflects the impact of a $ 128 million impairment charge to reduce the carrying value of the fixed assets at the saillat , france mill . excluding this charge , the improvement in 2007 compared with 2006 reflects the contribution from higher net sales , partially offset by higher input costs for wood , energy and freight . looking ahead to the first quarter of 2008 , sales volumes are expected to be stable in western europe , but seasonally weaker in eastern europe and russia . average price realizations are expected to remain about flat . wood costs are expected to increase , especially in russia due to strong demand ahead of tariff increases , and energy costs are anticipated to be seasonally higher . asian printing papers net sales were approx- imately $ 20 million in 2007 , compared with $ 15 mil- lion in 2006 and $ 10 million in 2005 . operating earnings increased slightly in 2007 , but were close to breakeven in all periods . u.s . market pulp sales in 2007 totaled $ 655 mil- lion compared with $ 510 million and $ 525 million in 2006 and 2005 , respectively . sales volumes in 2007 were up from 2006 levels , primarily for paper and .\nQuestion: what were asian paper net sales in 2007?\nAnswer: 20.0\nQuestion: what were they in 2006?\n" }, { "role": "agent", "content": "15.0" } ]
CONVFINQA1786	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s . as of september 29 , 2012 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 4.0 billion , and deferred tax liabilities of $ 14.9 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . in addition , the company is subject to audits by state , local , and foreign tax authorities . management believes that adequate provisions have been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 29 , 2012 , september 24 , 2011 , and september 25 , 2010 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 121251</td><td>$ 81570</td><td>$ 51011</td></tr><tr><td>3</td><td>accounts receivable net</td><td>$ 10930</td><td>$ 5369</td><td>$ 5510</td></tr><tr><td>4</td><td>inventories</td><td>$ 791</td><td>$ 776</td><td>$ 1051</td></tr><tr><td>5</td><td>working capital</td><td>$ 19111</td><td>$ 17018</td><td>$ 20956</td></tr><tr><td>6</td><td>annual operating cash flow</td><td>$ 50856</td><td>$ 37529</td><td>$ 18595</td></tr></table> as of september 29 , 2012 , the company had $ 121.3 billion in cash , cash equivalents and marketable securities , an increase of $ 39.7 billion or 49% ( 49 % ) from september 24 , 2011 . the principal components of this net increase was the cash generated by operating activities of $ 50.9 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 8.3 billion , payments for acquisition of intangible assets of $ 1.1 billion and payments of dividends and dividend equivalent rights of $ 2.5 billion . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . as of september 29 , 2012 and september 24 , 2011 , $ 82.6 billion and $ 54.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , common stock repurchases , dividends on its common stock , and other liquidity requirements associated with its existing operations over the next 12 months . capital assets the company 2019s capital expenditures were $ 10.3 billion during 2012 , consisting of $ 865 million for retail store facilities and $ 9.5 billion for other capital expenditures , including product tooling and manufacturing process .\nQuestion: what was the value of annual operating cash flow in 2011?\nAnswer: 37529.0\nQuestion: what was the value in 2010?\n" }, { "role": "agent", "content": "18595.0" } ]
CONVFINQA10573	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries . stress testing and scenario analyses are intended to quantify the potential impact of an adverse liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized . these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and geopolitical and macroeconomic conditions . these conditions include expected and stressed market conditions as well as company-specific events . liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons and over different stressed conditions . liquidity limits are set accordingly . to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily . given the range of potential stresses , citi maintains contingency funding plans on a consolidated basis and for individual entities . these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses . short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal liquidity stress metrics that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s . lcr rules . generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario . the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days . banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows . the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 . pursuant to the federal reserve board 2019s final rule regarding lcr disclosures , effective april 1 , 2017 , citi began to disclose lcr in the prescribed format . the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec . 31 , sept . 30 , dec . 31 . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>dec . 31 2017</td><td>sept . 30 2017</td><td>dec . 31 2016</td></tr><tr><td>2</td><td>hqla</td><td>$ 446.4</td><td>$ 448.6</td><td>$ 403.7</td></tr><tr><td>3</td><td>net outflows</td><td>364.3</td><td>365.1</td><td>332.5</td></tr><tr><td>4</td><td>lcr</td><td>123% ( 123 % )</td><td>123% ( 123 % )</td><td>121% ( 121 % )</td></tr><tr><td>5</td><td>hqla in excess of net outflows</td><td>$ 82.1</td><td>$ 83.5</td><td>$ 71.3</td></tr></table> note : amounts set forth in the table above are presented on an average basis . as set forth in the table above , citi 2019s lcr increased year- over-year , as the increase in the hqla ( as discussed above ) more than offset an increase in modeled net outflows . the increase in modeled net outflows was primarily driven by changes in assumptions , including changes in methodology to better align citi 2019s outflow assumptions with those embedded in its resolution planning . sequentially , citi 2019s lcr remained unchanged . long-term liquidity measurement : net stable funding ratio ( nsfr ) in 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement . the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules . in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level . a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments . prescribed factors would be required to be applied to the various categories of asset and liabilities classes . the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) . while citi believes that it is compliant with the proposed u.s . nsfr rules as of december 31 , 2017 , it will need to evaluate a final version of the rules , which are expected to be released during 2018 . citi expects that the nsfr final rules implementation period will be communicated along with the final version of the rules. .\nQuestion: what is the net outflow as of dec 31, 2017?\nAnswer: 364.3\nQuestion: what about as of dec 31, 2016?\nAnswer: 332.5\nQuestion: what is the difference?\nAnswer: 31.8\nQuestion: what is the net outflow as of dec 31, 2016?\nAnswer: 332.5\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.09564" } ]
CONVFINQA2170	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source . when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased . if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected . the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements . the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all . therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results . substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia . a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations . certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products . although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments . the company 2019s purchase commitments typically cover its requirements for periods up to 150 days . other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options . as of september 26 , 2015 , the company had a total of 463 retail stores . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2016</td><td>$ 772</td></tr><tr><td>2</td><td>2017</td><td>774</td></tr><tr><td>3</td><td>2018</td><td>744</td></tr><tr><td>4</td><td>2019</td><td>715</td></tr><tr><td>5</td><td>2020</td><td>674</td></tr><tr><td>6</td><td>thereafter</td><td>2592</td></tr><tr><td>7</td><td>total</td><td>$ 6271</td></tr></table> other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products . these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days . the company also obtains individual components for its products from a wide variety of individual suppliers . consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information . where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier . as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion . apple inc . \| 2015 form 10-k \| 65 .\nQuestion: what was the sum of rent expense under all operating leases in 2015 and 2014?\nAnswer: 1511.0\nQuestion: what was the rent expense in 2013?\nAnswer: 645.0\nQuestion: what is the total rent expense for the 3 years?\n" }, { "role": "agent", "content": "2156.0" } ]
CONVFINQA5644	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npurchased scrap metal from third-parties ) that were either divested or permanently closed in december 2014 ( see global rolled products below ) . intersegment sales for this segment improved 12% ( 12 % ) in 2014 compared with 2013 , principally due to an increase in average realized price , driven by higher regional premiums , and higher demand from the midstream and downstream businesses . atoi for the primary metals segment decreased $ 439 in 2015 compared with 2014 , primarily caused by both the previously mentioned lower average realized aluminum price and lower energy sales , higher energy costs ( mostly in spain as the 2014 interruptibility rights were more favorable than the 2015 structure ) , and an unfavorable impact related to the curtailment of the s e3o lu eds smelter . these negative impacts were somewhat offset by net favorable foreign currency movements due to a stronger u.s . dollar against most major currencies , net productivity improvements , the absence of a write-off of inventory related to the permanent closure of the portovesme , point henry , and massena east smelters ( $ 44 ) , and a lower equity loss related to the joint venture in saudi arabia , including the absence of restart costs for one of the potlines that was previously shut down due to a period of instability . atoi for this segment climbed $ 614 in 2014 compared with 2013 , principally related to a higher average realized aluminum price ; the previously mentioned energy sales in brazil ; net productivity improvements ; net favorable foreign currency movements due to a stronger u.s . dollar against all major currencies ; lower costs for carbon and alumina ; and the absence of costs related to a planned maintenance outage in 2013 at a power plant in australia . these positive impacts were slightly offset by an unfavorable impact associated with the 2013 and 2014 capacity reductions described above , including a write-off of inventory related to the permanent closure of the portovesme , point henry , and massena east smelters ( $ 44 ) , and higher energy costs ( particularly in spain ) , labor , and maintenance . in 2016 , aluminum production will be approximately 450 kmt lower and third-party sales will reflect the absence of approximately $ 400 both as a result of the 2015 curtailment and closure actions . also , energy sales in brazil will be negatively impacted by a decline in energy prices , while net productivity improvements are anticipated . global rolled products . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>third-party aluminum shipments ( kmt )</td><td>1775</td><td>1964</td><td>1905</td></tr><tr><td>3</td><td>alcoa 2019s average realized price per metric ton of aluminum</td><td>$ 3514</td><td>$ 3743</td><td>$ 3730</td></tr><tr><td>4</td><td>third-party sales</td><td>$ 6238</td><td>$ 7351</td><td>$ 7106</td></tr><tr><td>5</td><td>intersegment sales</td><td>125</td><td>185</td><td>178</td></tr><tr><td>6</td><td>total sales</td><td>$ 6363</td><td>$ 7536</td><td>$ 7284</td></tr><tr><td>7</td><td>atoi</td><td>$ 244</td><td>$ 245</td><td>$ 292</td></tr></table> generally , average realized price per metric ton of aluminum includes two elements : a ) the price of metal ( the underlying base metal component plus a regional premium 2013 see the footnote to the table in primary metals above for a description of these two components ) , and b ) the conversion price , which represents the incremental price over the metal price component that is associated with converting primary aluminum into sheet and plate . in this circumstance , the metal price component is a pass- through to this segment 2019s customers with limited exception ( e.g. , fixed-priced contracts , certain regional premiums ) . this segment represents alcoa 2019s midstream operations and produces aluminum sheet and plate for a variety of end markets . approximately one-half of the third-party shipments in this segment consist of sheet sold directly to customers in the packaging end market for the production of aluminum cans ( beverage , food , and pet food ) . seasonal increases in can sheet sales are generally experienced in the second and third quarters of the year . this segment also includes sheet and plate sold directly to customers and through distributors related to the aerospace , automotive , commercial transportation , building and construction , and industrial products ( mainly used in the production of machinery and equipment and consumer durables ) end markets . a small portion of this segment also produces aseptic foil for the packaging end market . while the customer base for flat-rolled products is large , a significant amount of sales of sheet and plate is to a relatively small number of customers . in this circumstance , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s . dollar , the euro , the russian ruble , the brazilian real , and the british pound. .\nQuestion: what was alcoa 2019s average realized price per metric ton of aluminum in 2014?\nAnswer: 3743.0\nQuestion: what was the value in 2015?\nAnswer: 3514.0\nQuestion: what is the ratio of 2014 to 2015?\nAnswer: 1.06517\nQuestion: what that less 1?\nAnswer: 0.06517\nQuestion: what is that shown as a percent?\n" }, { "role": "agent", "content": "6.51679" } ]
CONVFINQA5242	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in \"general and administrative expenses\" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .\nQuestion: what is the weighted average grant date fair value per share of restricted stock in 2017?\nAnswer: 84.53\nQuestion: what about in 2016?\nAnswer: 73.2\nQuestion: what is the net change?\nAnswer: 11.33\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.15478" } ]
CONVFINQA10472	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nskyworks solutions , inc . notes to consolidated financial statements 2014 ( continued ) maintained a valuation allowance of $ 47.0 million . this valuation allowance is comprised of $ 33.6 million related to u.s . state tax credits , of which $ 3.6 million are state tax credits acquired from aati in fiscal year 2012 , and $ 13.4 million related to foreign deferred tax assets . if these benefits are recognized in a future period the valuation allowance on deferred tax assets will be reversed and up to a $ 46.6 million income tax benefit , and up to a $ 0.4 million reduction to goodwill may be recognized . the company will need to generate $ 209.0 million of future united states federal taxable income to utilize our united states deferred tax assets as of september 28 , 2012 . deferred tax assets are recognized for foreign operations when management believes it is more likely than not that the deferred tax assets will be recovered during the carry forward period . the company will continue to assess its valuation allowance in future periods . as of september 28 , 2012 , the company has united states federal net operating loss carry forwards of approximately $ 74.3 million , including $ 29.5 million related to the acquisition of sige , which will expire at various dates through 2030 and $ 28.1 million related to the acquisition of aati , which will expire at various dates through 2031 . the utilization of these net operating losses is subject to certain annual limitations as required under internal revenue code section 382 and similar state income tax provisions . the company also has united states federal income tax credit carry forwards of $ 37.8 million , of which $ 30.4 million of federal income tax credit carry forwards have not been recorded as a deferred tax asset . the company also has state income tax credit carry forwards of $ 33.6 million , for which the company has provided a valuation allowance . the united states federal tax credits expire at various dates through 2032 . the state tax credits relate primarily to california research tax credits which can be carried forward indefinitely . the company has continued to expand its operations and increase its investments in numerous international jurisdictions . these activities will increase the company 2019s earnings attributable to foreign jurisdictions . as of september 28 , 2012 , no provision has been made for united states federal , state , or additional foreign income taxes related to approximately $ 371.5 million of undistributed earnings of foreign subsidiaries which have been or are intended to be permanently reinvested . it is not practicable to determine the united states federal income tax liability , if any , which would be payable if such earnings were not permanently reinvested . the company 2019s gross unrecognized tax benefits totaled $ 52.4 million and $ 32.1 million as of september 28 , 2012 and september 30 , 2011 , respectively . of the total unrecognized tax benefits at september 28 , 2012 , $ 38.8 million would impact the effective tax rate , if recognized . the remaining unrecognized tax benefits would not impact the effective tax rate , if recognized , due to the company 2019s valuation allowance and certain positions which were required to be capitalized . there are no positions which the company anticipates could change within the next twelve months . a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : unrecognized tax benefits . <table class='wikitable'><tr><td>1</td><td>-</td><td>unrecognized tax benefits</td></tr><tr><td>2</td><td>balance at september 30 2011</td><td>$ 32136</td></tr><tr><td>3</td><td>increases based on positions related to prior years</td><td>9004</td></tr><tr><td>4</td><td>increases based on positions related to current year</td><td>11265</td></tr><tr><td>5</td><td>decreases relating to settlements with taxing authorities</td><td>2014</td></tr><tr><td>6</td><td>decreases relating to lapses of applicable statutes of limitations</td><td>-25 ( 25 )</td></tr><tr><td>7</td><td>balance at september 28 2012</td><td>$ 52380</td></tr></table> page 114 annual report .\nQuestion: what was the value of unrecognized tax benefits as of september 28, 2012?\nAnswer: 52380.0\nQuestion: what was the value of unrecognized tax benefits as of september 30, 2011?\nAnswer: 32136.0\nQuestion: what was the change in value?\n" }, { "role": "agent", "content": "20244.0" } ]
CONVFINQA4824	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 management 2019s discussion and analysis net revenues the table below presents our net revenues by line item in the consolidated statements of earnings. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2017</td><td>year ended december 2016</td><td>year ended december 2015</td></tr><tr><td>2</td><td>investment banking</td><td>$ 7371</td><td>$ 6273</td><td>$ 7027</td></tr><tr><td>3</td><td>investment management</td><td>5803</td><td>5407</td><td>5868</td></tr><tr><td>4</td><td>commissions and fees</td><td>3051</td><td>3208</td><td>3320</td></tr><tr><td>5</td><td>market making</td><td>7660</td><td>9933</td><td>9523</td></tr><tr><td>6</td><td>other principal transactions</td><td>5256</td><td>3200</td><td>5018</td></tr><tr><td>7</td><td>totalnon-interestrevenues</td><td>29141</td><td>28021</td><td>30756</td></tr><tr><td>8</td><td>interest income</td><td>13113</td><td>9691</td><td>8452</td></tr><tr><td>9</td><td>interest expense</td><td>10181</td><td>7104</td><td>5388</td></tr><tr><td>10</td><td>net interest income</td><td>2932</td><td>2587</td><td>3064</td></tr><tr><td>11</td><td>total net revenues</td><td>$ 32073</td><td>$ 30608</td><td>$ 33820</td></tr></table> in the table above : 2030 investment banking consists of revenues ( excluding net interest ) from financial advisory and underwriting assignments , as well as derivative transactions directly related to these assignments . these activities are included in our investment banking segment . 2030 investment management consists of revenues ( excluding net interest ) from providing investment management services to a diverse set of clients , as well as wealth advisory services and certain transaction services to high-net-worth individuals and families . these activities are included in our investment management segment . 2030 commissions and fees consists of revenues from executing and clearing client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter ( otc ) transactions . these activities are included in our institutional client services and investment management segments . 2030 market making consists of revenues ( excluding net interest ) from client execution activities related to making markets in interest rate products , credit products , mortgages , currencies , commodities and equity products . these activities are included in our institutional client services segment . 2030 other principal transactions consists of revenues ( excluding net interest ) from our investing activities and the origination of loans to provide financing to clients . in addition , other principal transactions includes revenues related to our consolidated investments . these activities are included in our investing & lending segment . operating environment . during 2017 , generally higher asset prices and tighter credit spreads were supportive of industry-wide underwriting activities , investment management performance and other principal transactions . however , low levels of volatility in equity , fixed income , currency and commodity markets continued to negatively affect our market-making activities , particularly in fixed income , currency and commodity products . the price of natural gas decreased significantly during 2017 , while the price of oil increased compared with the end of 2016 . if the trend of low volatility continues over the long term and market-making activity levels remain low , or if investment banking activity levels , asset prices or assets under supervision decline , net revenues would likely be negatively impacted . see 201csegment operating results 201d below for further information about the operating environment and material trends and uncertainties that may impact our results of operations . the first half of 2016 included challenging trends in the operating environment for our business activities including concerns and uncertainties about global economic growth , central bank activity and the political uncertainty and economic implications surrounding the potential exit of the u.k . from the e.u . during the second half of 2016 , the operating environment improved , as global equity markets steadily increased and investment grade and high-yield credit spreads tightened . these trends provided a more favorable backdrop for our business activities . 2017 versus 2016 net revenues in the consolidated statements of earnings were $ 32.07 billion for 2017 , 5% ( 5 % ) higher than 2016 , due to significantly higher other principal transactions revenues , and higher investment banking revenues , investment management revenues and net interest income . these increases were partially offset by significantly lower market making revenues and lower commissions and fees . non-interest revenues . investment banking revenues in the consolidated statements of earnings were $ 7.37 billion for 2017 , 18% ( 18 % ) higher than 2016 . revenues in financial advisory were higher compared with 2016 , reflecting an increase in completed mergers and acquisitions transactions . revenues in underwriting were significantly higher compared with 2016 , due to significantly higher revenues in both debt underwriting , primarily reflecting an increase in industry-wide leveraged finance activity , and equity underwriting , reflecting an increase in industry-wide secondary offerings . 52 goldman sachs 2017 form 10-k .\nQuestion: what was the total net revenues for 2016?\nAnswer: 30608.0\nQuestion: and for 2015?\nAnswer: 33820.0\nQuestion: so how much did this value change over the year?\nAnswer: -3212.0\nQuestion: and the growth rate for that time?\n" }, { "role": "agent", "content": "-0.09497" } ]
CONVFINQA3821	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbrokerage and asset management brokerage and asset management ( bam ) , which constituted approximately 6% ( 6 % ) of citi holdings by assets as of december 31 , 2009 , consists of citi 2019s global retail brokerage and asset management businesses . this segment was substantially affected and reduced in size in 2009 due to the divestitures of smith barney ( to the morgan stanley smith barney joint venture ( mssb jv ) ) and nikko cordial securities . at december 31 , 2009 , bam had approximately $ 35 billion of assets , which included $ 26 billion of assets from the 49% ( 49 % ) interest in the mssb jv ( $ 13 billion investment and $ 13 billion in loans associated with the clients of the mssb jv ) and $ 9 billion of assets from a diverse set of asset management and insurance businesses of which approximately half will be transferred into the latam rcb during the first quarter of 2010 , as discussed under 201cciti holdings 201d above . morgan stanley has options to purchase citi 2019s remaining stake in the mssb jv over three years starting in 2012 . the 2009 results include an $ 11.1 billion gain ( $ 6.7 billion after-tax ) on the sale of smith barney . in millions of dollars 2009 2008 2007 % ( % ) change 2009 vs . 2008 % ( % ) change 2008 vs . 2007 . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td><td>% ( % ) change 2009 vs . 2008</td><td>% ( % ) change 2008 vs . 2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ 432</td><td>$ 1224</td><td>$ 908</td><td>( 65 ) % ( % )</td><td>35% ( 35 % )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>14703</td><td>7199</td><td>9751</td><td>nm</td><td>-26 ( 26 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ 15135</td><td>$ 8423</td><td>$ 10659</td><td>80% ( 80 % )</td><td>( 21 ) % ( % )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 3350</td><td>$ 9236</td><td>$ 7960</td><td>( 64 ) % ( % )</td><td>16% ( 16 % )</td></tr><tr><td>6</td><td>net credit losses</td><td>$ 3</td><td>$ 10</td><td>$ 2014</td><td>( 70 ) % ( % )</td><td>2014</td></tr><tr><td>7</td><td>credit reserve build/ ( release )</td><td>36</td><td>8</td><td>4</td><td>nm</td><td>100% ( 100 % )</td></tr><tr><td>8</td><td>provision for unfunded lending commitments</td><td>-5 ( 5 )</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>9</td><td>provision for benefits and claims</td><td>$ 155</td><td>$ 205</td><td>$ 154</td><td>( 24 ) % ( % )</td><td>33% ( 33 % )</td></tr><tr><td>10</td><td>provisions for loan losses and for benefits and claims</td><td>$ 189</td><td>$ 223</td><td>$ 158</td><td>( 15 ) % ( % )</td><td>41% ( 41 % )</td></tr><tr><td>11</td><td>income ( loss ) from continuing operations before taxes</td><td>$ 11596</td><td>$ -1036 ( 1036 )</td><td>$ 2541</td><td>nm</td><td>nm</td></tr><tr><td>12</td><td>income taxes ( benefits )</td><td>4489</td><td>-272 ( 272 )</td><td>834</td><td>nm</td><td>nm</td></tr><tr><td>13</td><td>income ( loss ) from continuing operations</td><td>$ 7107</td><td>$ -764 ( 764 )</td><td>$ 1707</td><td>nm</td><td>nm</td></tr><tr><td>14</td><td>net income ( loss ) attributable to noncontrolling interests</td><td>12</td><td>-179 ( 179 )</td><td>35</td><td>nm</td><td>nm</td></tr><tr><td>15</td><td>net income ( loss )</td><td>$ 7095</td><td>$ -585 ( 585 )</td><td>$ 1672</td><td>nm</td><td>nm</td></tr><tr><td>16</td><td>eop assets ( in billions of dollars )</td><td>$ 35</td><td>$ 58</td><td>$ 56</td><td>( 40 ) % ( % )</td><td>4% ( 4 % )</td></tr><tr><td>17</td><td>eop deposits ( in billions of dollars )</td><td>60</td><td>58</td><td>46</td><td>3</td><td>26</td></tr></table> nm not meaningful 2009 vs . 2008 revenues , net of interest expense increased 80% ( 80 % ) versus the prior year mainly driven by the $ 11.1 billion pretax gain on the sale ( $ 6.7 billion after-tax ) on the mssb jv transaction in the second quarter of 2009 and a $ 320 million pretax gain on the sale of the managed futures business to the mssb jv in the third quarter of 2009 . excluding these gains , revenue decreased primarily due to the absence of smith barney from may 2009 onwards and the absence of fourth-quarter revenue of nikko asset management , partially offset by an improvement in marks in retail alternative investments . revenues in the prior year include a $ 347 million pretax gain on sale of citistreet and charges related to the settlement of auction rate securities of $ 393 million pretax . operating expenses decreased 64% ( 64 % ) from the prior year , mainly driven by the absence of smith barney and nikko asset management expenses , re- engineering efforts and the absence of 2008 one-time expenses ( $ 0.9 billion intangible impairment , $ 0.2 billion of restructuring and $ 0.5 billion of write- downs and other charges ) . provisions for loan losses and for benefits and claims decreased 15% ( 15 % ) mainly reflecting a $ 50 million decrease in provision for benefits and claims , partially offset by increased reserve builds of $ 28 million . assets decreased 40% ( 40 % ) versus the prior year , mostly driven by the sales of nikko cordial securities and nikko asset management ( $ 25 billion ) and the managed futures business ( $ 1.4 billion ) , partially offset by increased smith barney assets of $ 4 billion . 2008 vs . 2007 revenues , net of interest expense decreased 21% ( 21 % ) from the prior year primarily due to lower transactional and investment revenues in smith barney , lower revenues in nikko asset management and higher markdowns in retail alternative investments . operating expenses increased 16% ( 16 % ) versus the prior year , mainly driven by a $ 0.9 billion intangible impairment in nikko asset management in the fourth quarter of 2008 , $ 0.2 billion of restructuring charges and $ 0.5 billion of write-downs and other charges . provisions for loan losses and for benefits and claims increased $ 65 million compared to the prior year , mainly due to a $ 52 million increase in provisions for benefits and claims . assets increased 4% ( 4 % ) versus the prior year. .\nQuestion: what was the percentage of non-interest revenue out of the total revenues net of interest expense in 2009?\n" }, { "role": "agent", "content": "0.97146" } ]
CONVFINQA3971	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>year ended december 2012</td><td>year ended december 2011</td><td>year ended december 2010</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 9914</td><td>$ 9018</td><td>$ 13707</td></tr><tr><td>3</td><td>equities client execution1</td><td>3171</td><td>3031</td><td>3231</td></tr><tr><td>4</td><td>commissions and fees</td><td>3053</td><td>3633</td><td>3426</td></tr><tr><td>5</td><td>securities services</td><td>1986</td><td>1598</td><td>1432</td></tr><tr><td>6</td><td>total equities</td><td>8210</td><td>8262</td><td>8089</td></tr><tr><td>7</td><td>total net revenues</td><td>18124</td><td>17280</td><td>21796</td></tr><tr><td>8</td><td>operating expenses</td><td>12480</td><td>12837</td><td>14994</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 5644</td><td>$ 4443</td><td>$ 6802</td></tr></table> 1 . includes net revenues related to reinsurance of $ 1.08 billion , $ 880 million and $ 827 million for the years ended december 2012 , december 2011 and december 2010 , respectively . 2012 versus 2011 . net revenues in institutional client services were $ 18.12 billion for 2012 , 5% ( 5 % ) higher than 2011 . net revenues in fixed income , currency and commodities client execution were $ 9.91 billion for 2012 , 10% ( 10 % ) higher than 2011 . these results reflected strong net revenues in mortgages , which were significantly higher compared with 2011 . in addition , net revenues in credit products and interest rate products were solid and higher compared with 2011 . these increases were partially offset by significantly lower net revenues in commodities and slightly lower net revenues in currencies . although broad market concerns persisted during 2012 , fixed income , currency and commodities client execution operated in a generally improved environment characterized by tighter credit spreads and less challenging market-making conditions compared with 2011 . net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 . net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of approximately $ 500 million on the sale of our hedge fund administration business . in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity . these increases were offset by lower commissions and fees , reflecting lower market volumes . during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels . the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 . during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions . these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions . in addition , the u.s . economy posted stable to improving economic data , including favorable developments in unemployment and housing . these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility . however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels . also , uncertainty over financial regulatory reform persisted . if these concerns and uncertainties continue over the long term , net revenues in fixed income , currency and commodities client execution and equities would likely be negatively impacted . operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings . pre-tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 . 2011 versus 2010 . net revenues in institutional client services were $ 17.28 billion for 2011 , 21% ( 21 % ) lower than 2010 . net revenues in fixed income , currency and commodities client execution were $ 9.02 billion for 2011 , 34% ( 34 % ) lower than 2010 . although activity levels during 2011 were generally consistent with 2010 levels , and results were solid during the first quarter of 2011 , the environment during the remainder of 2011 was characterized by broad market concerns and uncertainty , resulting in volatile markets and significantly wider credit spreads , which contributed to difficult market-making conditions and led to reductions in risk by us and our clients . as a result of these conditions , net revenues across the franchise were lower , including significant declines in mortgages and credit products , compared with 2010 . 54 goldman sachs 2012 annual report .\nQuestion: what percent higher were net revenues in institutional clients in 2012 than 2011?\nAnswer: 5.0\nQuestion: what is 100 less that?\nAnswer: 95.0\nQuestion: what was the value of net revenues in 2012?\nAnswer: 18.12\nQuestion: what is that times the 95%?\n" }, { "role": "agent", "content": "1721.4" } ]
CONVFINQA5613	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy mississippi , inc . management's financial discussion and analysis the net wholesale revenue variance is primarily due to lower profit on joint account sales and reduced capacity revenue from the municipal energy agency of mississippi . gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to an increase of $ 152.5 million in fuel cost recovery revenues due to higher fuel rates , partially offset by a decrease of $ 43 million in gross wholesale revenues due to a decrease in net generation and purchases in excess of decreased net area demand resulting in less energy available for resale sales coupled with a decrease in system agreement remedy receipts . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by decreased demand and decreased recovery from customers of deferred fuel costs . other regulatory charges increased primarily due to increased recovery through the grand gulf rider of grand gulf capacity costs due to higher rates and increased recovery of costs associated with the power management recovery rider . there is no material effect on net income due to quarterly adjustments to the power management recovery rider . 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2006 net revenue</td><td>$ 466.1</td></tr><tr><td>3</td><td>base revenue</td><td>7.9</td></tr><tr><td>4</td><td>volume/weather</td><td>4.5</td></tr><tr><td>5</td><td>transmission revenue</td><td>4.1</td></tr><tr><td>6</td><td>transmission equalization</td><td>4.0</td></tr><tr><td>7</td><td>reserve equalization</td><td>3.8</td></tr><tr><td>8</td><td>attala costs</td><td>-10.2 ( 10.2 )</td></tr><tr><td>9</td><td>other</td><td>6.7</td></tr><tr><td>10</td><td>2007 net revenue</td><td>$ 486.9</td></tr></table> the base revenue variance is primarily due to a formula rate plan increase effective july 2007 . the formula rate plan filing is discussed further in \"state and local rate regulation\" below . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , including the effect of more favorable weather on billed electric sales in 2007 compared to 2006 . billed electricity usage increased 214 gwh . the increase in usage was partially offset by decreased usage in the industrial sector . the transmission revenue variance is due to higher rates and the addition of new transmission customers in late 2006 . the transmission equalization variance is primarily due to a revision made in 2006 of transmission equalization receipts among entergy companies . the reserve equalization variance is primarily due to a revision in 2006 of reserve equalization payments among entergy companies due to a ferc ruling regarding the inclusion of interruptible loads in reserve .\nQuestion: what was the difference in net revenue between 2006 and 2007?\n" }, { "role": "agent", "content": "20.8" } ]
CONVFINQA10335	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhigher in the first half of the year , but declined dur- ing the second half of the year reflecting the pass- through to customers of lower resin input costs . however , average margins benefitted from a more favorable mix of products sold . raw material costs were lower , primarily for resins . freight costs were also favorable , while operating costs increased . shorewood sales volumes in 2009 declined from 2008 levels reflecting weaker demand in the home entertainment segment and a decrease in tobacco segment orders as customers have shifted pro- duction outside of the united states , partially offset by higher shipments in the consumer products segment . average sales margins improved reflecting a more favorable mix of products sold . raw material costs were higher , but were partially offset by lower freight costs . operating costs were favorable , reflect- ing benefits from business reorganization and cost reduction actions taken in 2008 and 2009 . charges to restructure operations totaled $ 7 million in 2009 and $ 30 million in 2008 . entering 2010 , coated paperboard sales volumes are expected to increase , while average sales price real- izations should be comparable to 2009 fourth-quarter levels . raw material costs are expected to be sig- nificantly higher for wood , energy and chemicals , but planned maintenance downtime costs will decrease . foodservice sales volumes are expected to remain about flat , but average sales price realizations should improve slightly . input costs for resins should be higher , but will be partially offset by lower costs for bleached board . shorewood sales volumes are expected to decline reflecting seasonal decreases in home entertainment segment shipments . operating costs are expected to be favorable reflecting the benefits of business reorganization efforts . european consumer packaging net sales in 2009 were $ 315 million compared with $ 300 million in 2008 and $ 280 million in 2007 . operating earnings in 2009 of $ 66 million increased from $ 22 million in 2008 and $ 30 million in 2007 . sales volumes in 2009 were higher than in 2008 reflecting increased ship- ments to export markets . average sales margins declined due to increased shipments to lower- margin export markets and lower average sales prices in western europe . entering 2010 , sales volumes for the first quarter are expected to remain strong . average margins should improve reflecting increased sales price realizations and a more favorable geographic mix of products sold . input costs are expected to be higher due to increased wood prices in poland and annual energy tariff increases in russia . asian consumer packaging net sales were $ 545 million in 2009 compared with $ 390 million in 2008 and $ 330 million in 2007 . operating earnings in 2009 were $ 24 million compared with a loss of $ 13 million in 2008 and earnings of $ 12 million in 2007 . the improved operating earnings in 2009 reflect increased sales volumes , higher average sales mar- gins and lower input costs , primarily for chemicals . the loss in 2008 was primarily due to a $ 12 million charge to revalue pulp inventories at our shandong international paper and sun coated paperboard co. , ltd . joint venture and start-up costs associated with the joint venture 2019s new folding box board paper machine . distribution xpedx , our distribution business , markets a diverse array of products and supply chain services to cus- tomers in many business segments . customer demand is generally sensitive to changes in general economic conditions , although the commercial printing segment is also dependent on consumer advertising and promotional spending . distribution 2019s margins are relatively stable across an economic cycle . providing customers with the best choice and value in both products and supply chain services is a key competitive factor . additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability . distribution in millions 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>sales</td><td>$ 6525</td><td>$ 7970</td><td>$ 7320</td></tr><tr><td>3</td><td>operating profit</td><td>50</td><td>103</td><td>108</td></tr></table> distribution 2019s 2009 annual sales decreased 18% ( 18 % ) from 2008 and 11% ( 11 % ) from 2007 while operating profits in 2009 decreased 51% ( 51 % ) compared with 2008 and 54% ( 54 % ) compared with 2007 . annual sales of printing papers and graphic arts supplies and equipment totaled $ 4.1 billion in 2009 compared with $ 5.2 billion in 2008 and $ 4.7 billion in 2007 , reflecting weak economic conditions in 2009 . trade margins as a percent of sales for printing papers increased from 2008 but decreased from 2007 due to a higher mix of lower margin direct ship- ments from manufacturers . revenue from packaging products was $ 1.3 billion in 2009 compared with $ 1.7 billion in 2008 and $ 1.5 billion in 2007 . trade margins as a percent of sales for packaging products were higher than in the past two years reflecting an improved product and service mix . facility supplies annual revenue was $ 1.1 billion in 2009 , essentially .\nQuestion: what was the change in annual sales of printing papers and graphic arts supplies and equipment from 2008 to 2009?\nAnswer: 1.1\nQuestion: and the percentage change?\nAnswer: 0.21154\nQuestion: what was the change in this value between 2007 and 2008?\n" }, { "role": "agent", "content": "0.5" } ]
CONVFINQA5891	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 j.p . morgan chase & co . 26 j.p . morgan chase & co . / 2003 annual report $ 41.7 billion . nii was reduced by a lower volume of commercial loans and lower spreads on investment securities . as a compo- nent of nii , trading-related net interest income of $ 2.1 billion was up 13% ( 13 % ) from 2002 due to a change in the composition of , and growth in , trading assets . the firm 2019s total average interest-earning assets in 2003 were $ 590 billion , up 6% ( 6 % ) from the prior year . the net interest yield on these assets , on a fully taxable-equivalent basis , was 2.10% ( 2.10 % ) , compared with 2.09% ( 2.09 % ) in the prior year . noninterest expense year ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2003</td><td>2002</td><td>change</td></tr><tr><td>2</td><td>compensation expense</td><td>$ 11695</td><td>$ 10983</td><td>6% ( 6 % )</td></tr><tr><td>3</td><td>occupancy expense</td><td>1912</td><td>1606</td><td>19</td></tr><tr><td>4</td><td>technology and communications expense</td><td>2844</td><td>2554</td><td>11</td></tr><tr><td>5</td><td>other expense</td><td>5137</td><td>5111</td><td>1</td></tr><tr><td>6</td><td>surety settlement and litigation reserve</td><td>100</td><td>1300</td><td>-92 ( 92 )</td></tr><tr><td>7</td><td>merger and restructuring costs</td><td>2014</td><td>1210</td><td>nm</td></tr><tr><td>8</td><td>total noninterest expense</td><td>$ 21688</td><td>$ 22764</td><td>( 5 ) % ( % )</td></tr></table> technology and communications expense in 2003 , technology and communications expense was 11% ( 11 % ) above the prior-year level . the increase was primarily due to a shift in expenses : costs that were previously associated with compensation and other expenses shifted , upon the commence- ment of the ibm outsourcing agreement , to technology and communications expense . also contributing to the increase were higher costs related to software amortization . for a further dis- cussion of the ibm outsourcing agreement , see support units and corporate on page 44 of this annual report . other expense other expense in 2003 rose slightly from the prior year , reflecting higher outside services . for a table showing the components of other expense , see note 8 on page 96 of this annual report . surety settlement and litigation reserve the firm added $ 100 million to the enron-related litigation reserve in 2003 to supplement a $ 900 million reserve initially recorded in 2002 . the 2002 reserve was established to cover enron-related matters , as well as certain other material litigation , proceedings and investigations in which the firm is involved . in addition , in 2002 the firm recorded a charge of $ 400 million for the settlement of enron-related surety litigation . merger and restructuring costs merger and restructuring costs related to business restructurings announced after january 1 , 2002 , were recorded in their relevant expense categories . in 2002 , merger and restructuring costs of $ 1.2 billion , for programs announced prior to january 1 , 2002 , were viewed by management as nonoperating expenses or 201cspecial items . 201d refer to note 8 on pages 95 201396 of this annual report for a further discussion of merger and restructuring costs and for a summary , by expense category and business segment , of costs incurred in 2003 and 2002 for programs announced after january 1 , 2002 . provision for credit losses the 2003 provision for credit losses was $ 2.8 billion lower than in 2002 , primarily reflecting continued improvement in the quality of the commercial loan portfolio and a higher volume of credit card securitizations . for further information about the provision for credit losses and the firm 2019s management of credit risk , see the dis- cussions of net charge-offs associated with the commercial and consumer loan portfolios and the allowance for credit losses , on pages 63 201365 of this annual report . income tax expense income tax expense was $ 3.3 billion in 2003 , compared with $ 856 million in 2002 . the effective tax rate in 2003 was 33% ( 33 % ) , compared with 34% ( 34 % ) in 2002 . the tax rate decline was principally attributable to changes in the proportion of income subject to state and local taxes . compensation expense compensation expense in 2003 was 6% ( 6 % ) higher than in the prior year . the increase principally reflected higher performance-related incentives , and higher pension and other postretirement benefit costs , primarily as a result of changes in actuarial assumptions . for a detailed discussion of pension and other postretirement benefit costs , see note 6 on pages 89 201393 of this annual report . the increase pertaining to incentives included $ 266 million as a result of adopting sfas 123 , and $ 120 million from the reversal in 2002 of previously accrued expenses for certain forfeitable key employ- ee stock awards , as discussed in note 7 on pages 93 201395 of this annual report . total compensation expense declined as a result of the transfer , beginning april 1 , 2003 , of 2800 employees to ibm in connection with a technology outsourcing agreement . the total number of full-time equivalent employees at december 31 , 2003 was 93453 compared with 94335 at the prior year-end . occupancy expense occupancy expense of $ 1.9 billion rose 19% ( 19 % ) from 2002 . the increase reflected costs of additional leased space in midtown manhattan and in the south and southwest regions of the united states ; higher real estate taxes in new york city ; and the cost of enhanced safety measures . also contributing to the increase were charges for unoccupied excess real estate of $ 270 million ; this compared with $ 120 million in 2002 , mostly in the third quarter of that year. .\nQuestion: what was the return on interest bearing assets in percentage, in 2003?\n" }, { "role": "agent", "content": "2.1" } ]
CONVFINQA294	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 target awards for the other named executive officers were set as follows : joseph f . domino , ceo - entergy texas ( 50% ( 50 % ) ) ; hugh t . mcdonald , ceo - entergy arkansas ( 50% ( 50 % ) ) ; haley fisackerly , ceo - entergy mississippi ( 40% ( 40 % ) ) ; william m . mohl ( 60% ( 60 % ) ) , ceo - entergy gulf states and entergy louisiana ; charles l . rice , jr . ( 40% ( 40 % ) ) , ceo - entergy new orleans and theodore h . bunting , jr . - principal accounting officer - the subsidiaries ( 60% ( 60 % ) ) . the target awards for the named executive officers ( other than entergy named executive officers ) were set by their respective supervisors ( subject to ultimate approval of entergy 2019s chief executive officer ) who allocated a potential incentive pool established by the personnel committee among various of their direct and indirect reports . in setting the target awards , the supervisor took into account considerations similar to those used by the personnel committee in setting the target awards for entergy 2019s named executive officers . target awards are set based on an executive officer 2019s current position and executive management level within the entergy organization . executive management levels at entergy range from level 1 thorough level 4 . mr . denault and mr . taylor hold positions in level 2 whereas mr . bunting and mr . mohl hold positions in level 3 and mr . domino , mr . fisackerly , mr . mcdonald and mr . rice hold positions in level 4 . accordingly , their respective incentive targets differ one from another based on the external market data developed by the committee 2019s independent compensation consultant and the other factors noted above . in december 2010 , the committee determined the executive incentive plan targets to be used for purposes of establishing annual bonuses for 2011 . the committee 2019s determination of the target levels was made after full board review of management 2019s 2011 financial plan for entergy corporation , upon recommendation of the finance committee , and after the committee 2019s determination that the established targets aligned with entergy corporation 2019s anticipated 2011 financial performance as reflected in the financial plan . the targets established to measure management performance against as reported results were: . <table class='wikitable'><tr><td>1</td><td>-</td><td>minimum</td><td>target</td><td>maximum</td></tr><tr><td>2</td><td>earnings per share ( $ )</td><td>$ 6.10</td><td>$ 6.60</td><td>$ 7.10</td></tr><tr><td>3</td><td>operating cash flow ( $ in billions )</td><td>$ 2.97</td><td>$ 3.35</td><td>$ 3.70</td></tr></table> operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 . in accordance with the terms of the annual incentive plan , in january 2012 , the personnel committee certified the 2012 entergy achievement multiplier at 128% ( 128 % ) of target . under the terms of the management effectiveness program , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive if the pre- established underlying performance goals established by the personnel committee are satisfied at the end of the performance period , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether . in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee a mechanism to take into consideration specific achievement factors relating to the overall performance of entergy corporation . in january 2012 , the committee eliminated the management effectiveness factor with respect to the 2011 incentive awards , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management . the annual incentive awards for the named executive officers ( other than mr . leonard , mr . denault and mr . taylor ) are awarded from an incentive pool approved by the committee . from this pool , each named executive officer 2019s supervisor determines the annual incentive payment based on the entergy achievement multiplier . the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance . the incentive awards are subject to the ultimate approval of entergy 2019s chief executive officer. .\nQuestion: what was the shortfall in operating cash flow in 2011?\n" }, { "role": "agent", "content": "221.0" } ]
CONVFINQA10531	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nreinsurance commissions , fees and other revenue increased 1% ( 1 % ) driven by a favorable foreign currency translation of 2% ( 2 % ) and was partially offset by a 1% ( 1 % ) decline in dispositions , net of acquisitions and other . organic revenue was flat primarily resulting from strong growth in the capital market transactions and advisory business , partially offset by declines in global facultative placements . operating income operating income increased $ 120 million , or 10% ( 10 % ) , from 2010 to $ 1.3 billion in 2011 . in 2011 , operating income margins in this segment were 19.3% ( 19.3 % ) , up 70 basis points from 18.6% ( 18.6 % ) in 2010 . operating margin improvement was primarily driven by revenue growth , reduced costs of restructuring initiatives and realization of the benefits of those restructuring plans , which was partially offset by the negative impact of expense increases related to investment in the business , lease termination costs , legacy receivables write-off , and foreign currency exchange rates . hr solutions . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>revenue</td><td>$ 4501</td><td>$ 2111</td><td>$ 1267</td></tr><tr><td>3</td><td>operating income</td><td>448</td><td>234</td><td>203</td></tr><tr><td>4</td><td>operating margin</td><td>10.0% ( 10.0 % )</td><td>11.1% ( 11.1 % )</td><td>16.0% ( 16.0 % )</td></tr></table> in october 2010 , we completed the acquisition of hewitt , one of the world 2019s leading human resource consulting and outsourcing companies . hewitt operates globally together with aon 2019s existing consulting and outsourcing operations under the newly created aon hewitt brand . hewitt 2019s operating results are included in aon 2019s results of operations beginning october 1 , 2010 . our hr solutions segment generated approximately 40% ( 40 % ) of our consolidated total revenues in 2011 and provides a broad range of human capital services , as follows : 2022 health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees . benefits consulting includes health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services . effective january 1 , 2012 , this line of business will be included in the results of the risk solutions segment . 2022 retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration . 2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries . 2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management . 2022 benefits administration applies our hr expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services . our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions . 2022 human resource business processing outsourcing ( 2018 2018hr bpo 2019 2019 ) provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and .\nQuestion: what was the net change in operating income from 2010 to 2011?\nAnswer: 214.0\nQuestion: what was the operating income in 2010?\n" }, { "role": "agent", "content": "234.0" } ]
CONVFINQA9247	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 192 jpmorgan chase & co . / 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit . implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator . should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln . expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders . the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation . the variability to be considered in the modeling of expected losses is based on the design of the enti- ty . the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term . under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs . in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary . from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence . instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter . as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model . specifically , risk ratings and loss given default assumptions are continually updated . the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively . management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults . qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market . the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase . consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value . december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) . <table class='wikitable'><tr><td>1</td><td>( in billions except ratios )</td><td>reported</td><td>pro forma ( a ) ( b )</td></tr><tr><td>2</td><td>assets</td><td>$ 2175.1</td><td>$ 2218.2</td></tr><tr><td>3</td><td>liabilities</td><td>2008.2</td><td>2051.3</td></tr><tr><td>4</td><td>tier 1 capital ratio</td><td>10.9% ( 10.9 % )</td><td>10.9% ( 10.9 % )</td></tr><tr><td>5</td><td>tier 1 leverage ratio</td><td>6.9</td><td>6.8</td></tr></table> ( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation . if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) . the fair value of the assets is primarily based upon pricing for comparable transactions . the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions . ( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio . the firm could fund purchases of assets from vies should it become necessary . 2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility . the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement . during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired . impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note . on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits . it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures . because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits . the structured cdo assets were transferred to the firm at .\nQuestion: what is the balance of reported liabilities?\nAnswer: 2008.2\nQuestion: what about the balance of assets?\nAnswer: 2175.1\nQuestion: what is the debt-to-assets ratio?\nAnswer: 0.92327\nQuestion: what is the total expected loss notes outstanding in 2008?\nAnswer: 136.0\nQuestion: what about in 2007?\n" }, { "role": "agent", "content": "130.0" } ]
CONVFINQA10713	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareholder value award program svas are granted to officers and management and are payable in shares of our common stock . the number of shares actually issued , if any , varies depending on our stock price at the end of the three-year vesting period compared to pre-established target stock prices . we measure the fair value of the sva unit on the grant date using a monte carlo simulation model . the model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award . expected volatilities utilized in the model are based on implied volatilities from traded options on our stock , historical volatility of our stock price , and other factors . similarly , the dividend yield is based on historical experience and our estimate of future dividend yields . the risk-free interest rate is derived from the u.s . treasury yield curve in effect at the time of grant . the weighted-average fair values of the sva units granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 48.51 , $ 66.25 , and $ 48.68 , respectively , determined using the following assumptions: . <table class='wikitable'><tr><td>1</td><td>( percents )</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>expected dividend yield</td><td>2.50% ( 2.50 % )</td><td>2.50% ( 2.50 % )</td><td>2.00% ( 2.00 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>2.31</td><td>1.38</td><td>0.92</td></tr><tr><td>4</td><td>volatility</td><td>22.26</td><td>22.91</td><td>21.68</td></tr></table> pursuant to this program , approximately 0.7 million shares , 1.1 million shares , and 1.0 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively . approximately 1.0 million shares are expected to be issued in 2019 . as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested svas was $ 55.7 million , which will be amortized over the weighted-average remaining requisite service period of 20 months . restricted stock units rsus are granted to certain employees and are payable in shares of our common stock . rsu shares are accounted for at fair value based upon the closing stock price on the date of grant . the corresponding expense is amortized over the vesting period , typically three years . the fair values of rsu awards granted during the years ended december 31 , 2018 , 2017 , and 2016 were $ 70.95 , $ 72.47 , and $ 71.46 , respectively . the number of shares ultimately issued for the rsu program remains constant with the exception of forfeitures . pursuant to this program , 1.3 million , 1.4 million , and 1.3 million shares were granted and approximately 1.0 million , 0.9 million , and 0.6 million shares were issued during the years ended december 31 , 2018 , 2017 , and 2016 , respectively . approximately 0.8 million shares are expected to be issued in 2019 . as of december 31 , 2018 , the total remaining unrecognized compensation cost related to nonvested rsus was $ 112.2 million , which will be amortized over the weighted- average remaining requisite service period of 21 months . note 12 : shareholders' equity during 2018 , 2017 , and 2016 , we repurchased $ 4.15 billion , $ 359.8 million and $ 540.1 million , respectively , of shares associated with our share repurchase programs . a payment of $ 60.0 million was made in 2016 for shares repurchased in 2017 . during 2018 , we repurchased $ 2.05 billion of shares , which completed the $ 5.00 billion share repurchase program announced in october 2013 and our board authorized an $ 8.00 billion share repurchase program . there were $ 2.10 billion repurchased under the $ 8.00 billion program in 2018 . as of december 31 , 2018 , there were $ 5.90 billion of shares remaining under the 2018 program . we have 5.0 million authorized shares of preferred stock . as of december 31 , 2018 and 2017 , no preferred stock was issued . we have an employee benefit trust that held 50.0 million shares of our common stock at both december 31 , 2018 and 2017 , to provide a source of funds to assist us in meeting our obligations under various employee benefit plans . the cost basis of the shares held in the trust was $ 3.01 billion at both december 31 , 2018 and 2017 , and is shown as a reduction of shareholders 2019 equity . any dividend transactions between us and the trust are eliminated . stock held by the trust is not considered outstanding in the computation of eps . the assets of the trust were not used to fund any of our obligations under these employee benefit plans during the years ended december 31 , 2018 , 2017 , and .\nQuestion: from 2016 to 2017, what was the variation in the total amount spent on share repurchase?\nAnswer: -180.3\nQuestion: and what is this variation as a percentage of that amount in 2016?\nAnswer: -0.33383\nQuestion: and over the next year, what was that variation in this amount, counted in millions?\nAnswer: 3790.2\nQuestion: and what percentage did this variation represent in relation to the 2017 amount spent on share repurchase?\n" }, { "role": "agent", "content": "10.53419" } ]
CONVFINQA6141	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 1 ) the cumulative total return assumes reinvestment of dividends . ( 2 ) the total return is weighted according to market capitalization of each company at the beginning of each year . ( f ) purchases of equity securities by the issuer and affiliated purchasers we have not repurchased any of our common stock since the company filed its initial registration statement on march 16 , ( g ) securities authorized for issuance under equity compensation plans a description of securities authorized for issuance under our equity compensation plans will be incorporated herein by reference to the proxy statement for the 2012 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 6 . selected financial data . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2011</td><td>year ended december 31 2010</td><td>year ended december 31 2009</td><td>year ended december 31 2008</td><td>year ended december 31 2007</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 6575</td><td>$ 6723</td><td>$ 6292</td><td>$ 6189</td><td>$ 5692</td></tr><tr><td>3</td><td>goodwill impairment</td><td>290</td><td>0</td><td>0</td><td>2490</td><td>0</td></tr><tr><td>4</td><td>operating income ( loss )</td><td>110</td><td>248</td><td>211</td><td>-2354 ( 2354 )</td><td>447</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>-94 ( 94 )</td><td>135</td><td>124</td><td>-2420 ( 2420 )</td><td>276</td></tr><tr><td>6</td><td>total assets</td><td>6001</td><td>5203</td><td>5036</td><td>4760</td><td>7658</td></tr><tr><td>7</td><td>long-term debt ( 1 )</td><td>1830</td><td>105</td><td>283</td><td>283</td><td>283</td></tr><tr><td>8</td><td>total long-term obligations</td><td>3757</td><td>1559</td><td>1645</td><td>1761</td><td>1790</td></tr><tr><td>9</td><td>free cash flow ( 2 )</td><td>331</td><td>168</td><td>-269 ( 269 )</td><td>121</td><td>364</td></tr><tr><td>10</td><td>basic earnings ( loss ) per share</td><td>$ -1.93 ( 1.93 )</td><td>$ 2.77</td><td>$ 2.54</td><td>$ -49.61 ( 49.61 )</td><td>$ 5.65</td></tr><tr><td>11</td><td>diluted earnings ( loss ) per share</td><td>$ -1.93 ( 1.93 )</td><td>$ 2.77</td><td>$ 2.54</td><td>$ -49.61 ( 49.61 )</td><td>$ 5.65</td></tr></table> ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures . see liquidity and capital resources in item 7 for more information on this measure. .\nQuestion: what was the operating income in 2011?\nAnswer: 110.0\nQuestion: and the goodwill impairment for that year?\nAnswer: 290.0\nQuestion: combined, what is the total amount of these two values?\n" }, { "role": "agent", "content": "400.0" } ]
CONVFINQA5887	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfhlb advances and other borrowings fhlb advances 2014the company had $ 0.7 billion in floating-rate and $ 0.2 billion in fixed-rate fhlb advances at both december 31 , 2013 and 2012 . the floating-rate advances adjust quarterly based on the libor . during the year ended december 31 , 2012 , $ 650.0 million of fixed-rate fhlb advances were converted to floating-rate for a total cost of approximately $ 128 million which was capitalized and will be amortized over the remaining maturities using the effective interest method . in addition , during the year ended december 31 , 2012 , the company paid down in advance of maturity $ 1.0 billion of its fhlb advances and recorded $ 69.1 million in losses on the early extinguishment . this loss was recorded in the gains ( losses ) on early extinguishment of debt line item in the consolidated statement of income ( loss ) . the company did not have any similar transactions for the years ended december 31 , 2013 and 2011 . as a condition of its membership in the fhlb atlanta , the company is required to maintain a fhlb stock investment currently equal to the lesser of : a percentage of 0.12% ( 0.12 % ) of total bank assets ; or a dollar cap amount of $ 20 million . additionally , the bank must maintain an activity based stock investment which is currently equal to 4.5% ( 4.5 % ) of the bank 2019s outstanding advances at the time of borrowing . the company had an investment in fhlb stock of $ 61.4 million and $ 67.4 million at december 31 , 2013 and 2012 , respectively . the company must also maintain qualified collateral as a percent of its advances , which varies based on the collateral type , and is further adjusted by the outcome of the most recent annual collateral audit and by fhlb 2019s internal ranking of the bank 2019s creditworthiness . these advances are secured by a pool of mortgage loans and mortgage-backed securities . at december 31 , 2013 and 2012 , the company pledged loans with a lendable value of $ 3.9 billion and $ 4.8 billion , respectively , of the one- to four-family and home equity loans as collateral in support of both its advances and unused borrowing lines . other borrowings 2014prior to 2008 , etbh raised capital through the formation of trusts , which sold trust preferred securities in the capital markets . the capital securities must be redeemed in whole at the due date , which is generally 30 years after issuance . each trust issued floating rate cumulative preferred securities ( 201ctrust preferred securities 201d ) , at par with a liquidation amount of $ 1000 per capital security . the trusts used the proceeds from the sale of issuances to purchase floating rate junior subordinated debentures ( 201csubordinated debentures 201d ) issued by etbh , which guarantees the trust obligations and contributed proceeds from the sale of its subordinated debentures to e*trade bank in the form of a capital contribution . the most recent issuance of trust preferred securities occurred in 2007 . the face values of outstanding trusts at december 31 , 2013 are shown below ( dollars in thousands ) : trusts face value maturity date annual interest rate . <table class='wikitable'><tr><td>1</td><td>trusts</td><td>face value</td><td>maturity date</td><td>annual interest rate</td></tr><tr><td>2</td><td>etbh capital trust ii</td><td>$ 5000</td><td>2031</td><td>10.25% ( 10.25 % )</td></tr><tr><td>3</td><td>etbh capital trust i</td><td>20000</td><td>2031</td><td>3.75% ( 3.75 % ) above 6-month libor</td></tr><tr><td>4</td><td>etbh capital trust v vi viii</td><td>51000</td><td>2032</td><td>3.25%-3.65% ( 3.25%-3.65 % ) above 3-month libor</td></tr><tr><td>5</td><td>etbh capital trust vii ix 2014xii</td><td>65000</td><td>2033</td><td>3.00%-3.30% ( 3.00%-3.30 % ) above 3-month libor</td></tr><tr><td>6</td><td>etbh capital trust xiii 2014xviii xx</td><td>77000</td><td>2034</td><td>2.45%-2.90% ( 2.45%-2.90 % ) above 3-month libor</td></tr><tr><td>7</td><td>etbh capital trust xix xxi xxii</td><td>60000</td><td>2035</td><td>2.20%-2.40% ( 2.20%-2.40 % ) above 3-month libor</td></tr><tr><td>8</td><td>etbh capital trust xxiii 2014xxiv</td><td>45000</td><td>2036</td><td>2.10% ( 2.10 % ) above 3-month libor</td></tr><tr><td>9</td><td>etbh capital trust xxv 2014xxx</td><td>110000</td><td>2037</td><td>1.90%-2.00% ( 1.90%-2.00 % ) above 3-month libor</td></tr><tr><td>10</td><td>total</td><td>$ 433000</td><td>-</td><td>-</td></tr></table> .\nQuestion: how much did the company investment in fhlb stock in 2013 represent in relation to the one in 2012?\n" }, { "role": "agent", "content": "0.91098" } ]
CONVFINQA5809	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nspecial purpose entity ( 201cspe 201d ) . the spe obtained a term loan and revolving loan commitment from a third party lender , secured by liens on the assets of the spe , to finance the purchase of the accounts receivable , which included a $ 275 million term loan and a $ 25 million revolving loan commitment . the revolving loan commitment may be increased by an additional $ 35 million as amounts are repaid under the term loan . quintilesims has guaranteed the performance of the obligations of existing and future subsidiaries that sell and service the accounts receivable under the receivables financing facility . the assets of the spe are not available to satisfy any of our obligations or any obligations of our subsidiaries . as of december 31 , 2016 , the full $ 25 million of revolving loan commitment was available under the receivables financing facility . we used the proceeds from the term loan under the receivables financing facility to repay in full the amount outstanding on the then outstanding revolving credit facility under its then outstanding senior secured credit agreement ( $ 150 million ) , to repay $ 25 million of the then outstanding term loan b-3 , to pay related fees and expenses and the remainder was used for general working capital purposes . restrictive covenants our debt agreements provide for certain covenants and events of default customary for similar instruments , including a covenant not to exceed a specified ratio of consolidated senior secured net indebtedness to consolidated ebitda , as defined in the senior secured credit facility and a covenant to maintain a specified minimum interest coverage ratio . if an event of default occurs under any of the company 2019s or the company 2019s subsidiaries 2019 financing arrangements , the creditors under such financing arrangements will be entitled to take various actions , including the acceleration of amounts due under such arrangements , and in the case of the lenders under the revolving credit facility and new term loans , other actions permitted to be taken by a secured creditor . our long-term debt arrangements contain usual and customary restrictive covenants that , among other things , place limitations on our ability to declare dividends . for additional information regarding these restrictive covenants , see part ii , item 5 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities 2014dividend policy 201d and note 11 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k . at december 31 , 2016 , the company was in compliance with the financial covenants under the company 2019s financing arrangements . years ended december 31 , 2016 , 2015 and 2014 cash flow from operating activities . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>year ended december 31 , 2016</td><td>year ended december 31 , 2015</td><td>year ended december 31 , 2014</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 860</td><td>$ 476</td><td>$ 433</td></tr></table> 2016 compared to 2015 cash provided by operating activities increased $ 384 million in 2016 as compared to 2015 . the increase in cash provided by operating activities reflects the increase in net income as adjusted for non-cash items necessary to reconcile net income to cash provided by operating activities . also contributing to the increase were lower payments for income taxes ( $ 15 million ) , and lower cash used in days sales outstanding ( 201cdso 201d ) and accounts payable and accrued expenses . the lower cash used in dso reflects a two-day increase in dso in 2016 compared to a seven-day increase in dso in 2015 . dso can shift significantly at each reporting period depending on the timing of cash receipts under contractual payment terms relative to the recognition of revenue over a project lifecycle. .\nQuestion: what is the net change in net cash provided by operating activities from 2015 to 2016?\n" }, { "role": "agent", "content": "384.0" } ]
CONVFINQA2565	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhologic , inc . notes to consolidated financial statements 2014 ( continued ) ( in thousands , except per share data ) future minimum lease payments under all the company 2019s operating leases are approximately as follows: . <table class='wikitable'><tr><td>1</td><td>fiscal years ending</td><td>amount</td></tr><tr><td>2</td><td>september 24 2005</td><td>$ 4848</td></tr><tr><td>3</td><td>september 30 2006</td><td>4672</td></tr><tr><td>4</td><td>september 29 2007</td><td>3680</td></tr><tr><td>5</td><td>september 27 2008</td><td>3237</td></tr><tr><td>6</td><td>september 26 2009</td><td>3158</td></tr><tr><td>7</td><td>thereafter</td><td>40764</td></tr><tr><td>8</td><td>total ( not reduced by minimum sublease rentals of $ 165 )</td><td>$ 60359</td></tr></table> the company subleases a portion of its bedford facility and has received rental income of $ 277 , $ 410 and $ 682 for fiscal years 2004 , 2003 and 2002 , respectively , which has been recorded as an offset to rent expense in the accompanying statements of income . rental expense , net of sublease income , was approximately $ 4660 , $ 4963 , and $ 2462 for fiscal 2004 , 2003 and 2002 , respectively . 9 . business segments and geographic information the company reports segment information in accordance with sfas no . 131 , disclosures about segments of an enterprise and related information . operating segments are identified as components of an enterprise about which separate , discrete financial information is available for evaluation by the chief operating decision maker , or decision-making group , in making decisions how to allocate resources and assess performance . the company 2019s chief decision-maker , as defined under sfas no . 131 , is the chief executive officer . to date , the company has viewed its operations and manages its business as four principal operating segments : the manufacture and sale of mammography products , osteoporosis assessment products , digital detectors and other products . as a result of the company 2019s implementation of a company wide integrated software application in fiscal 2003 , identifiable assets for the four principal operating segments only consist of inventories , intangible assets , and property and equipment . the company has presented all other assets as corporate assets . prior periods have been restated to conform to this presentation . intersegment sales and transfers are not significant. .\nQuestion: what was the rental expense in 2003?\nAnswer: 4963.0\nQuestion: and what was it in 2002?\nAnswer: 2462.0\nQuestion: what was, then, the change over the year?\nAnswer: 2501.0\nQuestion: and what is this change as a percentage of the 2002 expense?\nAnswer: 1.01584\nQuestion: and over the subsequent year, what was the change in this expense?\n" }, { "role": "agent", "content": "-303.0" } ]
CONVFINQA3942	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsidered to be the primary beneficiary of either entity and have therefore deconsolidated both entities . at december 31 , 2010 , we held a 36% ( 36 % ) interest in juniperus which is accounted for using the equity method of accounting . our potential loss at december 31 , 2010 is limited to our investment of $ 73 million in juniperus , which is recorded in investments in the consolidated statements of financial position . we have not provided any financing to juniperus other than previously contractually required amounts . juniperus and jchl had combined assets and liabilities of $ 121 million and $ 22 million , respectively , at december 31 , 2008 . for the year ended december 31 , 2009 , we recognized $ 36 million of pretax income from juniperus and jchl . we recognized $ 16 million of after-tax income , after allocating the appropriate share of net income to the non-controlling interests . we previously owned an 85% ( 85 % ) economic equity interest in globe re limited ( 2018 2018globe re 2019 2019 ) , a vie , which provided reinsurance coverage for a defined portfolio of property catastrophe reinsurance contracts underwritten by a third party for a limited period which ended june 1 , 2009 . we consolidated globe re as we were deemed to be the primary beneficiary . in connection with the winding up of its operations , globe re repaid its $ 100 million of short-term debt and our equity investment from available cash in 2009 . we recognized $ 2 million of after-tax income from globe re in 2009 , taking into account the share of net income attributable to non-controlling interests . globe re was fully liquidated in the third quarter of 2009 . review by segment general we serve clients through the following segments : 2022 risk solutions ( formerly risk and insurance brokerage services ) acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network . 2022 hr solutions ( formerly consulting ) partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . risk solutions . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>revenue</td><td>$ 6423</td><td>$ 6305</td><td>$ 6197</td></tr><tr><td>3</td><td>operating income</td><td>1194</td><td>900</td><td>846</td></tr><tr><td>4</td><td>operating margin</td><td>18.6% ( 18.6 % )</td><td>14.3% ( 14.3 % )</td><td>13.7% ( 13.7 % )</td></tr></table> the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business . the economic activity that impacts property and casualty insurance is described as exposure units , and is most closely correlated with employment levels , corporate revenue and asset values . during 2010 we continued to see a 2018 2018soft market 2019 2019 , which began in 2007 , in our retail brokerage product line . in a soft market , premium rates flatten or decrease , along with commission revenues , due to increased competition for market share among insurance carriers or increased underwriting capacity . changes in premiums have a direct and potentially material impact on the insurance brokerage industry , as commission revenues are generally based on a percentage of the .\nQuestion: what was the sum of revenues for 2009 and 2010?\nAnswer: 12728.0\nQuestion: what were revenues in 2008?\n" }, { "role": "agent", "content": "6197.0" } ]
CONVFINQA2415	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nlong-term product offerings include active and index strategies . our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile . we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction . in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index . index strategies include both our non-etf index products and ishares etfs . althoughmany clients use both active and index strategies , the application of these strategies may differ . for example , clients may use index products to gain exposure to a market or asset class . in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2014 equity aum of $ 2.451 trillion increased by $ 133.4 billion , or 6% ( 6 % ) , from the end of 2013 due to net new business of $ 52.4 billion and net market appreciation and foreign exchange movements of $ 81.0 billion . net inflows were driven by $ 59.6 billion and $ 17.7 billion into ishares and non-etf index accounts , respectively . index inflows were offset by active net outflows of $ 24.9 billion , with outflows of $ 18.0 billion and $ 6.9 billion from fundamental and scientific active equity products , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aummix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandemwith u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2014 at $ 1.394 trillion , increasing $ 151.5 billion , or 12% ( 12 % ) , from december 31 , 2013 . the increase in aum reflected $ 96.4 billion in net new business and $ 55.1 billion in net market appreciation and foreign exchange movements . in 2014 , net new business was diversified across fixed income offerings , with strong flows into our unconstrained , total return and high yield products . flagship funds in these product areas include our unconstrained strategic income opportunities and fixed income global opportunities funds , with net inflows of $ 13.3 billion and $ 4.2 billion , respectively ; our total return fund with net inflows of $ 2.1 billion ; and our high yield bond fund with net inflows of $ 2.1 billion . fixed income net inflows were positive across investment styles , with ishares , non- etf index , and active net inflows of $ 40.0 billion , $ 28.7 billion and $ 27.7 billion , respectively . multi-asset class blackrock 2019s multi-asset class teammanages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds 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 class aum for 2014 are presented below . ( in millions ) december 31 , 2013 net inflows ( outflows ) market change fx impact december 31 , 2014 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>december 31 2013</td><td>net inflows ( outflows )</td><td>market change</td><td>fx impact</td><td>december 31 2014</td></tr><tr><td>2</td><td>asset allocation and balanced</td><td>$ 169604</td><td>$ 18387</td><td>$ -827 ( 827 )</td><td>$ -4132 ( 4132 )</td><td>$ 183032</td></tr><tr><td>3</td><td>target date/risk</td><td>111408</td><td>10992</td><td>7083</td><td>-872 ( 872 )</td><td>128611</td></tr><tr><td>4</td><td>fiduciary</td><td>60202</td><td>-474 ( 474 )</td><td>14788</td><td>-8322 ( 8322 )</td><td>66194</td></tr><tr><td>5</td><td>multi-asset</td><td>$ 341214</td><td>$ 28905</td><td>$ 21044</td><td>$ -13326 ( 13326 )</td><td>$ 377837</td></tr></table> flows reflected ongoing institutional demand for our solutions-based advice with $ 15.1 billion , or 52% ( 52 % ) , of net inflows coming from institutional clients . defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 12.8 billion to institutional multi- asset class net new business in 2014 , primarily into target date and target risk product offerings . retail net inflows of $ 13.4 billion were driven by particular demand for our multi- asset income fund , which raised $ 6.3 billion in 2014 . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 48% ( 48 % ) of multi-asset class aum at year-end , with growth in aum driven by net new business of $ 18.4 billion . 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 andmulti-asset income suites . 2022 target date and target risk products grew 10% ( 10 % ) organically in 2014 . 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 . lifepath products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . 2022 fiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain blackrock to assume responsibility for some or all aspects of planmanagement . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives. .\nQuestion: what was the net change in value of multi asset and fx impact?\n" }, { "role": "agent", "content": "364511.0" } ]
CONVFINQA3533	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncapital asset purchases associated with the retail segment were $ 294 million in 2007 , bringing the total capital asset purchases since inception of the retail segment to $ 1.0 billion . as of september 29 , 2007 , the retail segment had approximately 7900 employees and had outstanding operating lease commitments associated with retail store space and related facilities of $ 1.1 billion . the company would incur substantial costs if it were to close multiple retail stores . such costs could adversely affect the company 2019s financial condition and operating results . other segments the company 2019s other segments , which consists of its asia pacific and filemaker operations , experienced an increase in net sales of $ 406 million , or 30% ( 30 % ) during 2007 compared to 2006 . this increase related primarily to a 58% ( 58 % ) increase in sales of mac portable products and strong ipod sales in the company 2019s asia pacific region . during 2006 , net sales in other segments increased 35% ( 35 % ) compared to 2005 primarily due to an increase in sales of ipod and mac portable products . strong sales growth was a result of the introduction of the updated ipods featuring video-playing capabilities and the new intel-based mac portable products that translated to a 16% ( 16 % ) increase in mac unit sales during 2006 compared to 2005 . gross margin gross margin for each of the last three fiscal years are as follows ( in millions , except gross margin percentages ) : september 29 , september 30 , september 24 , 2007 2006 2005 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 29 2007</td><td>september 30 2006</td><td>september 24 2005</td></tr><tr><td>2</td><td>net sales</td><td>$ 24006</td><td>$ 19315</td><td>$ 13931</td></tr><tr><td>3</td><td>cost of sales</td><td>15852</td><td>13717</td><td>9889</td></tr><tr><td>4</td><td>gross margin</td><td>$ 8154</td><td>$ 5598</td><td>$ 4042</td></tr><tr><td>5</td><td>gross margin percentage</td><td>34.0% ( 34.0 % )</td><td>29.0% ( 29.0 % )</td><td>29.0% ( 29.0 % )</td></tr></table> gross margin percentage of 34.0% ( 34.0 % ) in 2007 increased significantly from 29.0% ( 29.0 % ) in 2006 . the primary drivers of this increase were more favorable costs on certain commodity components , including nand flash memory and dram memory , higher overall revenue that provided for more leverage on fixed production costs and a higher percentage of revenue from the company 2019s direct sales channels . the company anticipates that its gross margin and the gross margins of the personal computer , consumer electronics and mobile communication industries will be subject to pressure due to price competition . the company expects gross margin percentage to decline sequentially in the first quarter of 2008 primarily as a result of the full-quarter impact of product transitions and reduced pricing that were effected in the fourth quarter of 2007 , lower sales of ilife and iwork in their second quarter of availability , seasonally higher component costs , and a higher mix of indirect sales . these factors are expected to be partially offset by higher sales of the company 2019s mac os x operating system due to the introduction of mac os x version 10.5 leopard ( 2018 2018mac os x leopard 2019 2019 ) that became available in october 2007 . the foregoing statements regarding the company 2019s expected gross margin percentage are forward-looking . there can be no assurance that current gross margin percentage will be maintained or targeted gross margin percentage levels will be achieved . in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and a potential shift in the company 2019s sales mix towards products with lower gross margins . in response to these competitive pressures , the company expects it will continue to take pricing actions with respect to its products . gross margins could also be affected by the company 2019s ability to effectively manage product quality and warranty costs and to stimulate .\nQuestion: what was the net change in sales from 2005 to 2006?\nAnswer: 5384.0\nQuestion: what was the value of sales in 2005?\nAnswer: 13931.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.38648" } ]
CONVFINQA8235	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas . a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low . in more developed urban locations within these markets , early-stage data network deployments are underway . carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate . in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g and 4g network build outs . consumers in these regions are increasingly adopting smartphones and other advanced devices , and , as a result , the usage of bandwidth-intensive mobile applications is growing materially . recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks . smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service . finally , in markets with more mature network technology , such as germany and france , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage among their customer base . with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity . we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets . as a result , we expect to be able to leverage our extensive international portfolio of approximately 104470 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth . we have master lease agreements with certain of our tenants that provide for consistent , long-term revenue and reduce the likelihood of churn . our master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced colocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites . property operations new site revenue growth . during the year ended december 31 , 2016 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 45310 sites . in a majority of our asia , emea and latin america markets , the revenue generated from newly acquired or constructed sites resulted in increases in both tenant and pass-through revenues ( such as ground rent or power and fuel costs ) and expenses . we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . <table class='wikitable'><tr><td>1</td><td>new sites ( acquired or constructed )</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>u.s .</td><td>65</td><td>11595</td><td>900</td></tr><tr><td>3</td><td>asia</td><td>43865</td><td>2330</td><td>1560</td></tr><tr><td>4</td><td>emea</td><td>665</td><td>4910</td><td>190</td></tr><tr><td>5</td><td>latin america</td><td>715</td><td>6535</td><td>5800</td></tr></table> property operations expenses . direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance . these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations . in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our sites provides significant incremental cash flow . we may , however , incur additional segment selling , general , administrative and development expenses as we increase our presence in our existing markets or expand into new markets . our profit margin growth is therefore positively impacted by the addition of new tenants to our sites but can be temporarily diluted by our development activities. .\nQuestion: what is the sum of new sites acquired and constructed during 2016 in us and asia?\nAnswer: 43930.0\nQuestion: what is the sum including emea?\nAnswer: 44595.0\nQuestion: what was the number of new sites in latin america?\nAnswer: 715.0\nQuestion: what is the total sum?\n" }, { "role": "agent", "content": "45310.0" } ]
CONVFINQA10961	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncosts . our 2012 results were lower than 2011 when we realized $ 53.1 million in premium-services margins and our storage and marketing margins consisted of $ 96.0 million from realized seasonal price differentials and marketing optimization activities , and $ 87.7 million of storage demand costs . in addition , we recognized a loss on the change in fair value of our nonqualifiying economic storage hedges of $ 1.0 million in 2012 compared with a gain of $ 8.5 million in 2011 . our premium services were impacted negatively by lower natural gas prices and decreased natural gas price volatility . the impact of our hedge strategies and the inability to hedge seasonal price differentials at levels that were available to us in the prior year significantly reduced our storage margins . we also experienced reduced opportunities to optimize our storage assets , which negatively impacted our marketing margins . we realized a loss in our transportation margins of $ 42.4 million in 2012 compared with a loss of $ 18.8 million in 2011 , due primarily to a $ 29.5 million decrease in transportation hedges . our transportation business continues to be impacted by narrow price location differentials and the inability to hedge at levels that were available to us in prior years . as a result of significant increases in the supply of natural gas , primarily from shale gas production across north america and new pipeline infrastructure projects , location and seasonal price differentials narrowed significantly beginning in 2010 and continuing through 2012 . this market change resulted in our transportation contracts being unprofitable impacting our ability to recover our fixed costs . operating costs decreased due primarily to lower employee-related expenses , which includes the impact of fewer employees . we also recognized an expense of $ 10.3 million related to the impairment of our goodwill in the first quarter 2012 . given the significant decline in natural gas prices and its effect on location and seasonal price differentials , we performed an interim impairment assessment in the first quarter 2012 that reduced our goodwill balance to zero . 2011 vs . 2010 - the factors discussed in energy services 2019 201cnarrative description of the business 201d included in item i , business , of this annual report have led to a significant decrease in net margin , including : 2022 a decrease of $ 65.3 million in transportation margins , net of hedging , due primarily to narrower location price differentials and lower hedge settlements in 2011 ; 2022 a decrease of $ 34.3 million in storage and marketing margins , net of hedging activities , due primarily to the following : 2013 lower realized seasonal storage price differentials ; offset partially by 2013 favorable marketing activity and unrealized fair value changes on nonqualifying economic storage hedges ; 2022 a decrease of $ 7.3 million in premium-services margins , associated primarily with the reduction in the value of the fees collected for these services as a result of low commodity prices and reduced natural gas price volatility in the first quarter 2011 compared with the first quarter 2010 ; and 2022 a decrease of $ 4.3 million in financial trading margins , as low natural gas prices and reduced natural gas price volatility limited our financial trading opportunities . additionally , our 2011 net margin includes $ 91.1 million in adjustments to natural gas inventory reflecting the lower of cost or market value . because of the adjustments to our inventory value , we reclassified $ 91.1 million of deferred gains on associated cash flow hedges into earnings . operating costs decreased due primarily to a decrease in ad valorem taxes . selected operating information - the following table sets forth certain selected operating information for our energy services segment for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>operating information</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td><td>years ended december 31 , 2010</td></tr><tr><td>2</td><td>natural gas marketed ( bcf )</td><td>709</td><td>845</td><td>919</td></tr><tr><td>3</td><td>natural gas gross margin ( $ /mcf )</td><td>$ -0.07 ( 0.07 )</td><td>$ 0.06</td><td>$ 0.18</td></tr><tr><td>4</td><td>physically settled volumes ( bcf )</td><td>1433</td><td>1724</td><td>1874</td></tr></table> natural gas volumes marketed and physically settled volumes decreased in 2012 compared with 2011 due primarily to decreased marketing activities , lower transported volumes and reduced transportation capacity . the decrease in 2011 compared with 2010 was due primarily to lower volumes transported and reduced transportation capacity . transportation capacity in certain markets was not utilized due to the economics of the location price differentials as a result of increased supply of natural gas , primarily from shale production , and increased pipeline capacity as a result of new pipeline construction. .\nQuestion: what was the value of natural gas marketing (bcf) in 2012?\nAnswer: 709.0\nQuestion: what was the value in 2011?\nAnswer: 845.0\nQuestion: what is the net change?\nAnswer: -136.0\nQuestion: what was the 2011 value?\n" }, { "role": "agent", "content": "845.0" } ]
CONVFINQA1613	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwhile we have remediated the previously-identified material weakness in our internal control over financial reporting , we may identify other material weaknesses in the future . in november 2017 , we restated our consolidated financial statements for the quarters ended april 1 , 2017 and july 1 , 2017 in order to correctly classify cash receipts from the payments on sold receivables ( which are cash receipts on the underlying trade receivables that have already been securitized ) to cash provided by investing activities ( from cash provided by operating activities ) within our condensed consolidated statements of cash flows . in connection with these restatements , management identified a material weakness in our internal control over financial reporting related to the misapplication of accounting standards update 2016-15 . specifically , we did not maintain effective controls over the adoption of new accounting standards , including communication with the appropriate individuals in coming to our conclusions on the application of new accounting standards . as a result of this material weakness , our management concluded that we did not maintain effective internal control over financial reporting as of april 1 , 2017 and july 1 , 2017 . while we have remediated the material weakness and our management has determined that our disclosure controls and procedures were effective as of december 30 , 2017 , there can be no assurance that our controls will remain adequate . the effectiveness of our internal control over financial reporting is subject to various inherent limitations , including judgments used in decision-making , the nature and complexity of the transactions we undertake , assumptions about the likelihood of future events , the soundness of our systems , cost limitations , and other limitations . if other material weaknesses or significant deficiencies in our internal control are discovered or occur in the future or we otherwise must restate our financial statements , it could materially and adversely affect our business and results of operations or financial condition , restrict our ability to access the capital markets , require us to expend significant resources to correct the weaknesses or deficiencies , subject us to fines , penalties , investigations or judgments , harm our reputation , or otherwise cause a decline in investor confidence . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 30 , 2017 , we operated 83 manufacturing and processing facilities . we own 80 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 30 , 2017 was: . <table class='wikitable'><tr><td>1</td><td>-</td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>41</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>europe</td><td>11</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>26</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . item 3 . legal proceedings . we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business . while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations . item 4 . mine safety disclosures . not applicable. .\nQuestion: combined, what was the total owned facilities in the united states and canada?\n" }, { "role": "agent", "content": "43.0" } ]
CONVFINQA8205	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .\nQuestion: what was the asset retirement liability in 2006?\nAnswer: 14.7\nQuestion: and was that of 2005?\nAnswer: 11.7\nQuestion: what was, then, the change over the year?\nAnswer: 3.0\nQuestion: what was the asset retirement liability in 2005?\n" }, { "role": "agent", "content": "11.7" } ]
CONVFINQA9541	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2015 and 2014 , respectively: . <table class='wikitable'><tr><td>1</td><td>-</td><td>level 3</td></tr><tr><td>2</td><td>balance as of january 1 2015</td><td>$ 127</td></tr><tr><td>3</td><td>actual return on assets</td><td>12</td></tr><tr><td>4</td><td>purchases issuances and settlements net</td><td>-3 ( 3 )</td></tr><tr><td>5</td><td>balance as of december 31 2015</td><td>$ 136</td></tr></table> purchases , issuances and settlements , net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 balance as of december 31 , 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 127 the company 2019s other postretirement benefit plans are partially funded and the assets are held under various trusts . the investments and risk mitigation strategies for the plans are tailored specifically for each trust . in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and the risk tolerance of the company . the company periodically updates the long-term , strategic asset allocations and uses various analytics to determine the optimal asset allocation . considerations include plan liability characteristics , liquidity characteristics , funding requirements , expected rates of return and the distribution of returns . in june 2012 , the company implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility . as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of assets relative to liabilities . the initial de-risking asset allocation for the plan was 60% ( 60 % ) return-generating assets and 40% ( 40 % ) liability-driven assets . the investment strategies and policies for the plan reflect a balance of liability driven and return-generating considerations . the objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset 2014liability matching , asset diversification and hedging . the fixed income target asset allocation matches the bond-like and long-dated nature of the postretirement liabilities . assets are broadly diversified within asset classes to achieve risk-adjusted returns that in total lower asset volatility relative to the liabilities . the company assesses the investment strategy regularly to ensure actual allocations are in line with target allocations as appropriate . strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes strategies are employed to provide adequate returns , diversification and liquidity . the assets of the company 2019s other trusts , within the other postretirement benefit plans , have been primarily invested in equities and fixed income funds . the assets under the various other postretirement benefit trusts are invested differently based on the assets and liabilities of each trust . the obligations of the other postretirement benefit plans are dominated by obligations for the medical bargaining trust . thirty-nine percent and four percent of the total postretirement plan benefit obligations are related to the medical non-bargaining and life insurance trusts , respectively . because expected benefit payments related to the benefit obligations are so far into the future , and the size of the medical non-bargaining and life insurance trusts 2019 obligations are large compared to each trusts 2019 assets , the investment strategy is to allocate a significant portion of the assets 2019 investment to equities , which the company believes will provide the highest long-term return and improve the funding ratio . the company engages third party investment managers for all invested assets . managers are not permitted to invest outside of the asset class ( e.g . fixed income , equity , alternatives ) or strategy for which they have been appointed . investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided . futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. .\nQuestion: what was the actual return on assets?\n" }, { "role": "agent", "content": "12.0" } ]
CONVFINQA8542	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 recognizing customer revenue , the company must assess the collectability of both the amounts billed and the portion recognized on a straight-line basis . this assessment takes customer credit risk and business and industry conditions into consideration to ultimately determine the collectability of the amounts billed . to the extent the amounts , based on management 2019s estimates , may not be collectible , recognition is deferred until such point as the uncertainty is resolved . any amounts which were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense . accounts receivable are reported net of allowances for doubtful accounts related to estimated losses resulting from a customer 2019s inability to make required payments and reserves for amounts invoiced whose collectability is not reasonably assured . these allowances are generally estimated based on payment patterns , days past due and collection history , and incorporate changes in economic conditions that may not be reflected in historical trends , such as customers in bankruptcy , liquidation or reorganization . receivables are written-off against the allowances when they are determined uncollectible . such determination includes analysis and consideration of the particular conditions of the account . changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance as of january 1,</td><td>$ 28520</td><td>$ 11482</td><td>$ 8850</td></tr><tr><td>3</td><td>current year increases</td><td>16219</td><td>26771</td><td>12059</td></tr><tr><td>4</td><td>recoveries and other</td><td>-22234 ( 22234 )</td><td>-9733 ( 9733 )</td><td>-9427 ( 9427 )</td></tr><tr><td>5</td><td>balance as of december 31,</td><td>$ 22505</td><td>$ 28520</td><td>$ 11482</td></tr></table> the company 2019s largest international customer is iusacell , which is the brand name under which a group of companies controlled by grupo iusacell , s.a . de c.v . ( 201cgrupo iusacell 201d ) operates . iusacell represented approximately 4% ( 4 % ) of the company 2019s total revenue for the year ended december 31 , 2010 . grupo iusacell has been engaged in a refinancing of a majority of its u.s . dollar denominated debt , and in connection with this process , two of the legal entities of the group , including grupo iusacell , voluntarily filed for a pre-packaged concurso mercantil ( a process substantially equivalent to chapter 11 of u.s . bankruptcy law ) with the backing of a majority of their financial creditors in december 2010 . as of december 31 , 2010 , iusacell notes receivable , net , and related assets ( which include financing lease commitments and a deferred rent asset that are primarily long-term in nature ) were $ 19.7 million and $ 51.2 million , respectively . functional currency 2014as a result of changes to the organizational structure of the company 2019s subsidiaries in latin america in 2010 , the company determined that effective january 1 , 2010 , the functional currency of its foreign subsidiary in brazil is the brazilian real . from that point forward , all assets and liabilities held by the subsidiary in brazil are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional currency from u.s . dollars to brazilian real gave rise to an increase in the net value of certain non-monetary assets and liabilities . the aggregate impact on such assets and liabilities was $ 39.8 million with an offsetting increase in accumulated other comprehensive income ( loss ) . as a result of the renegotiation of the company 2019s agreements with its largest international customer , iusacell , which included , among other changes , converting all of iusacell 2019s contractual obligations to the company from u.s . dollars to mexican pesos , the company has determined that effective april 1 , 2010 , the functional currency of certain of its foreign subsidiaries in mexico is the mexican peso . from that point forward , all assets and liabilities held by those subsidiaries in mexico are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional .\nQuestion: what is the balance of allowances at the end of 2010?\nAnswer: 22505.0\nQuestion: what about in 2009?\n" }, { "role": "agent", "content": "28520.0" } ]
CONVFINQA7381	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating expenses operating expenses were $ 2.9 billion , an increase of 8% ( 8 % ) over 2000 . adjusted for the formation of citistreet , operating expenses grew 10% ( 10 % ) . expense growth in 2001 of 10% ( 10 % ) is significantly lower than the comparable 20% ( 20 % ) expense growth for 2000 compared to 1999 . state street successfully reduced the growth rate of expenses as revenue growth slowed during the latter half of 2000 and early 2001 . the expense growth in 2001 reflects higher expenses for salaries and employee benefits , as well as information systems and communications . o p e r a t i n g e x p e n s e s ( dollars in millions ) 2001 2000 1999 change adjusted change 00-01 ( 1 ) . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2001</td><td>2000</td><td>1999</td><td>change 00-01</td><td>adjusted change 00-01 ( 1 )</td></tr><tr><td>2</td><td>salaries and employee benefits</td><td>$ 1663</td><td>$ 1524</td><td>$ 1313</td><td>9% ( 9 % )</td><td>11% ( 11 % )</td></tr><tr><td>3</td><td>information systems and communications</td><td>365</td><td>305</td><td>287</td><td>20</td><td>22</td></tr><tr><td>4</td><td>transaction processing services</td><td>247</td><td>268</td><td>237</td><td>-8 ( 8 )</td><td>-7 ( 7 )</td></tr><tr><td>5</td><td>occupancy</td><td>229</td><td>201</td><td>188</td><td>15</td><td>16</td></tr><tr><td>6</td><td>other</td><td>363</td><td>346</td><td>311</td><td>5</td><td>7</td></tr><tr><td>7</td><td>total operating expenses</td><td>$ 2867</td><td>$ 2644</td><td>$ 2336</td><td>8</td><td>10</td></tr><tr><td>8</td><td>number of employees</td><td>19753</td><td>17604</td><td>17213</td><td>12</td><td>-</td></tr></table> ( 1 ) 2000 results adjusted for the formation of citistreet expenses related to salaries and employee benefits increased $ 139million in 2001 , or $ 163millionwhen adjusted for the formation of citistreet . the adjusted increase reflects more than 2100 additional staff to support the large client wins and new business from existing clients and acquisitions . this expense increase was partially offset by lower incentive-based compensation . information systems and communications expense was $ 365 million in 2001 , up 20% ( 20 % ) from the prior year . adjusted for the formation of citistreet , information systems and communications expense increased 22% ( 22 % ) . this growth reflects both continuing investment in software and hardware , aswell as the technology costs associated with increased staffing levels . expenses related to transaction processing services were $ 247 million , down $ 21 million , or 8% ( 8 % ) . these expenses are volume related and include external contract services , subcustodian fees , brokerage services and fees related to securities settlement . lower mutual fund shareholder activities , and lower subcustodian fees resulting from both the decline in asset values and lower transaction volumes , drove the decline . occupancy expensewas $ 229million , up 15% ( 15 % ) . the increase is due to expenses necessary to support state street 2019s global growth , and expenses incurred for leasehold improvements and other operational costs . other expenses were $ 363 million , up $ 17 million , or 5% ( 5 % ) . these expenses include professional services , advertising and sales promotion , and internal operational expenses . the increase over prior year is due to a $ 21 million increase in the amortization of goodwill , primarily from acquisitions in 2001 . in accordance with recent accounting pronouncements , goodwill amortization expense will be eliminated in 2002 . state street recorded approximately $ 38 million , or $ .08 per share after tax , of goodwill amortization expense in 2001 . state street 2019s cost containment efforts , which reduced discretionary spending , partially offset the increase in other expenses . state street corporation 9 .\nQuestion: what is the increase in operating expenses in 2001?\nAnswer: 0.08\nQuestion: what fraction of operating expenses in 2000 does this represent?\nAnswer: 100.08\nQuestion: what about the operating expenses in 2001?\nAnswer: 2.9\nQuestion: and operating expenses in 2000?\nAnswer: 0.02898\nQuestion: what is the net change in salaries and employee benefits from 1999 to 2000?\n" }, { "role": "agent", "content": "211.0" } ]
CONVFINQA6277	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table provides the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms over the next five years and thereafter: . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount</td></tr><tr><td>2</td><td>2019</td><td>$ 17</td></tr><tr><td>3</td><td>2020</td><td>15</td></tr><tr><td>4</td><td>2021</td><td>12</td></tr><tr><td>5</td><td>2022</td><td>11</td></tr><tr><td>6</td><td>2023</td><td>6</td></tr><tr><td>7</td><td>thereafter</td><td>80</td></tr></table> the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company , and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners . the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act . the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years . the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) . as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases . the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis . the carrying value of the facilities funded by the company recognized as a capital lease asset was $ 147 million and $ 150 million as of december 31 , 2018 and 2017 , respectively , which is presented in property , plant and equipment on the consolidated balance sheets . the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs . as of december 31 , 2018 , the minimum annual future rental commitment under the operating leases for the portion of the facilities funded by the partners that have initial or remaining non-cancelable lease terms in excess of one year included in the preceding minimum annual rental commitments are $ 4 million in 2019 through 2023 , and $ 59 million thereafter . note 20 : segment information the company 2019s operating segments are comprised of the revenue-generating components of its businesses for which separate financial information is internally produced and regularly used by management to make operating decisions and assess performance . the company operates its businesses primarily through one reportable segment , the regulated businesses segment . the company also operates market-based businesses that provide a broad range of related and complementary water and wastewater services within non-reportable operating segments , collectively referred to as the market-based businesses . the regulated businesses segment is the largest component of the company 2019s business and includes 20 subsidiaries that provide water and wastewater services to customers in 16 states . the company 2019s primary market-based businesses include the homeowner services group , which provides warranty protection programs to residential and smaller commercial customers ; the military services group , which provides water and wastewater services to the u.s . government on military installations ; and keystone , which provides water transfer services for shale natural gas exploration and production companies. .\nQuestion: what is the total amount of the years 2019 and 2020?\n" }, { "role": "agent", "content": "32.0" } ]
CONVFINQA9332	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 128 jpmorgan chase & co./2010 annual report year ended december 31 . <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>hedges of lending-related commitments ( a )</td><td>$ -279 ( 279 )</td><td>$ -3258 ( 3258 )</td><td>$ 2216</td></tr><tr><td>3</td><td>cva and hedges of cva ( a )</td><td>-403 ( 403 )</td><td>1920</td><td>-2359 ( 2359 )</td></tr><tr><td>4</td><td>net gains/ ( losses )</td><td>$ -682 ( 682 )</td><td>$ -1338 ( 1338 )</td><td>$ -143 ( 143 )</td></tr></table> ( a ) these hedges do not qualify for hedge accounting under u.s . gaap . lending-related commitments jpmorgan chase uses lending-related financial instruments , such as commitments and guarantees , to meet the financing needs of its customers . the contractual amount of these financial instruments represents the maximum possible credit risk should the counterpar- ties draw down on these commitments or the firm fulfills its obliga- tion under these guarantees , and should the counterparties subsequently fail to perform according to the terms of these con- tracts . wholesale lending-related commitments were $ 346.1 billion at december 31 , 2010 , compared with $ 347.2 billion at december 31 , 2009 . the decrease reflected the january 1 , 2010 , adoption of accounting guidance related to vies . excluding the effect of the accounting guidance , lending-related commitments would have increased by $ 16.6 billion . in the firm 2019s view , the total contractual amount of these wholesale lending-related commitments is not representative of the firm 2019s actual credit risk exposure or funding requirements . in determining the amount of credit risk exposure the firm has to wholesale lend- ing-related commitments , which is used as the basis for allocating credit risk capital to these commitments , the firm has established a 201cloan-equivalent 201d amount for each commitment ; this amount represents the portion of the unused commitment or other contin- gent exposure that is expected , based on average portfolio histori- cal experience , to become drawn upon in an event of a default by an obligor . the loan-equivalent amounts of the firm 2019s lending- related commitments were $ 189.9 billion and $ 179.8 billion as of december 31 , 2010 and 2009 , respectively . country exposure the firm 2019s wholesale portfolio includes country risk exposures to both developed and emerging markets . the firm seeks to diversify its country exposures , including its credit-related lending , trading and investment activities , whether cross-border or locally funded . country exposure under the firm 2019s internal risk management ap- proach is reported based on the country where the assets of the obligor , counterparty or guarantor are located . exposure amounts , including resale agreements , are adjusted for collateral and for credit enhancements ( e.g. , guarantees and letters of credit ) pro- vided by third parties ; outstandings supported by a guarantor located outside the country or backed by collateral held outside the country are assigned to the country of the enhancement provider . in addition , the effect of credit derivative hedges and other short credit or equity trading positions are taken into consideration . total exposure measures include activity with both government and private-sector entities in a country . the firm also reports country exposure for regulatory purposes following ffiec guidelines , which are different from the firm 2019s internal risk management approach for measuring country expo- sure . for additional information on the ffiec exposures , see cross- border outstandings on page 314 of this annual report . several european countries , including greece , portugal , spain , italy and ireland , have been subject to credit deterioration due to weak- nesses in their economic and fiscal situations . the firm is closely monitoring its exposures to these five countries . aggregate net exposures to these five countries as measured under the firm 2019s internal approach was less than $ 15.0 billion at december 31 , 2010 , with no country representing a majority of the exposure . sovereign exposure in all five countries represented less than half the aggregate net exposure . the firm currently believes its exposure to these five countries is modest relative to the firm 2019s overall risk expo- sures and is manageable given the size and types of exposures to each of the countries and the diversification of the aggregate expo- sure . the firm continues to conduct business and support client activity in these countries and , therefore , the firm 2019s aggregate net exposures may vary over time . in addition , the net exposures may be impacted by changes in market conditions , and the effects of interest rates and credit spreads on market valuations . as part of its ongoing country risk management process , the firm monitors exposure to emerging market countries , and utilizes country stress tests to measure and manage the risk of extreme loss associated with a sovereign crisis . there is no common definition of emerging markets , but the firm generally includes in its definition those countries whose sovereign debt ratings are equivalent to 201ca+ 201d or lower . the table below presents the firm 2019s exposure to its top 10 emerging markets countries based on its internal measure- ment approach . the selection of countries is based solely on the firm 2019s largest total exposures by country and does not represent its view of any actual or potentially adverse credit conditions. .\nQuestion: what were the wholesale lending-related commitments in 2010?\n" }, { "role": "agent", "content": "346.1" } ]
CONVFINQA7143	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 29010</td><td>$ 34366</td><td>$ 29132</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>7119</td><td>6997</td><td>5234</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>-</td><td>-</td><td>-</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-</td><td>-</td><td>-</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>-12356 ( 12356 )</td><td>-12353 ( 12353 )</td><td>-</td></tr><tr><td>7</td><td>lapses of applicable statutes of limitations</td><td>-</td><td>-</td><td>-</td></tr><tr><td>8</td><td>balance at december 31</td><td>$ 23773</td><td>$ 29010</td><td>$ 34366</td></tr></table> the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized . in 2010 , the company favorably settled a 2003 and 2004 irs audit . the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand . in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit . the company is no longer subject to u.s . federal , state and local or foreign income tax examinations by tax authorities for years before 2007 . the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes . during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties . included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit . the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date . for u.s . income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 . in addition , for u.s . income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire . management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented . tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. .\nQuestion: what was the net change in value of unrecognized tax benefits in 2009?\nAnswer: -5356.0\nQuestion: what was the value at the start of 2009?\n" }, { "role": "agent", "content": "34366.0" } ]
CONVFINQA4081	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ne nt e r g y c o r p o r a t i o n a n d s u b s i d i a r i e s 2 0 0 7 n an increase of $ 16 million in fossil operating costs due to the purchase of the attala plant in january 2006 and the perryville plant coming online in july 2005 ; n an increase of $ 12 million related to storm reserves . this increase does not include costs associated with hurricanes katrina and rita ; and n an increase of $ 12 million due to a return to normal expense patterns in 2006 versus the deferral or capitalization of storm costs in 2005 . other operation and maintenance expenses increased for non- utility nuclear from $ 588 million in 2005 to $ 637 million in 2006 primarily due to the timing of refueling outages , increased benefit and insurance costs , and increased nrc fees . taxes other than income taxes taxes other than income taxes increased for the utility from $ 322 million in 2005 to $ 361 million in 2006 primarily due to an increase in city franchise taxes in arkansas due to a change in 2006 in the accounting for city franchise tax revenues as directed by the apsc . the change results in an increase in taxes other than income taxes with a corresponding increase in rider revenue , resulting in no effect on net income . also contributing to the increase was higher franchise tax expense at entergy gulf states , inc . as a result of higher gross revenues in 2006 and a customer refund in 2005 . other income other income increased for the utility from $ 111 million in 2005 to $ 156 million in 2006 primarily due to carrying charges recorded on storm restoration costs . other income increased for non-utility nuclear primarily due to miscellaneous income of $ 27 million ( $ 16.6 million net-of-tax ) resulting from a reduction in the decommissioning liability for a plant as a result of a revised decommissioning cost study and changes in assumptions regarding the timing of when decommissioning of a plant will begin . other income increased for parent & other primarily due to a gain related to its entergy-koch investment of approximately $ 55 million ( net-of-tax ) in the fourth quarter of 2006 . in 2004 , entergy-koch sold its energy trading and pipeline businesses to third parties . at that time , entergy received $ 862 million of the sales proceeds in the form of a cash distribution by entergy-koch . due to the november 2006 expiration of contingencies on the sale of entergy-koch 2019s trading business , and the corresponding release to entergy-koch of sales proceeds held in escrow , entergy received additional cash distributions of approximately $ 163 million during the fourth quarter of 2006 and recorded a gain of approximately $ 55 million ( net-of-tax ) . entergy expects future cash distributions upon liquidation of the partnership will be less than $ 35 million . interest charges interest charges increased for the utility and parent & other primarily due to additional borrowing to fund the significant storm restoration costs associated with hurricanes katrina and rita . discontinued operations in april 2006 , entergy sold the retail electric portion of the competitive retail services business operating in the electric reliability council of texas ( ercot ) region of texas , and now reports this portion of the business as a discontinued operation . earnings for 2005 were negatively affected by $ 44.8 million ( net-of-tax ) of discontinued operations due to the planned sale . this amount includes a net charge of $ 25.8 million ( net-of-tax ) related to the impairment reserve for the remaining net book value of the competitive retail services business 2019 information technology systems . results for 2006 include an $ 11.1 million gain ( net-of-tax ) on the sale of the retail electric portion of the competitive retail services business operating in the ercot region of texas . income taxes the effective income tax rates for 2006 and 2005 were 27.6% ( 27.6 % ) and 36.6% ( 36.6 % ) , respectively . the lower effective income tax rate in 2006 is primarily due to tax benefits , net of reserves , resulting from the tax capital loss recognized in connection with the liquidation of entergy power international holdings , entergy 2019s holding company for entergy-koch . also contributing to the lower rate for 2006 is an irs audit settlement that allowed entergy to release from its tax reserves all settled issues relating to 1996-1998 audit cycle . see note 3 to the financial statements for a reconciliation of the federal statutory rate of 35.0% ( 35.0 % ) to the effective income tax rates , and for additional discussion regarding income taxes . liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement . capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table . the increase in the debt to capital percentage from 2006 to 2007 is primarily the result of additional borrowings under entergy corporation 2019s revolving credit facility , along with a decrease in shareholders 2019 equity primarily due to repurchases of common stock . this increase in the debt to capital percentage is in line with entergy 2019s financial and risk management aspirations . the decrease in the debt to capital percentage from 2005 to 2006 is the result of an increase in shareholders 2019 equity , primarily due to an increase in retained earnings , partially offset by repurchases of common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>net debt to net capital at the end of the year</td><td>54.6% ( 54.6 % )</td><td>49.4% ( 49.4 % )</td><td>51.5% ( 51.5 % )</td></tr><tr><td>3</td><td>effect of subtracting cash from debt</td><td>3.0% ( 3.0 % )</td><td>2.9% ( 2.9 % )</td><td>1.6% ( 1.6 % )</td></tr><tr><td>4</td><td>debt to capital at the end of the year</td><td>57.6% ( 57.6 % )</td><td>52.3% ( 52.3 % )</td><td>53.1% ( 53.1 % )</td></tr></table> net debt consists of debt less cash and cash equivalents . debt consists of notes payable , capital lease obligations , preferred stock with sinking fund , and long-term debt , including the currently maturing portion . capital consists of debt , shareholders 2019 equity , and preferred stock without sinking fund . net capital consists of capital less cash and cash equivalents . entergy uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating entergy 2019s financial condition . m an ag e ment 2019s f i n anc ial d i scuss ion an d an alys is co n t i n u e d .\nQuestion: what was the debt to capital ratio in 2007?\nAnswer: 57.6\nQuestion: and what was it in 2006?\nAnswer: 52.3\nQuestion: what was, then, the change over the year?\n" }, { "role": "agent", "content": "5.3" } ]
CONVFINQA5987	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 as of december 31 , 2006 , our principal sources of liquidity included cash , cash equivalents , the sale of receivables , and our revolving credit facilities , as well as the availability of commercial paper and other sources of financing through the capital markets . we had $ 2 billion of committed credit facilities available , of which there were no borrowings outstanding as of december 31 , 2006 , and we did not make any short-term borrowings under these facilities during the year . the value of the outstanding undivided interest held by investors under the sale of receivables program was $ 600 million as of december 31 , 2006 . the sale of receivables program is subject to certain requirements , including the maintenance of an investment grade bond rating . if our bond rating were to deteriorate , it could have an adverse impact on our liquidity . access to commercial paper is dependent on market conditions . deterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to utilize commercial paper as a source of liquidity . liquidity through the capital markets is also dependent on our financial stability . at both december 31 , 2006 and 2005 , we had a working capital deficit of approximately $ 1.1 billion . a working capital deficit is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources to meet our daily cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . financial condition cash flows millions of dollars 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>cash flowsmillions of dollars</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 2880</td><td>$ 2595</td><td>$ 2257</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-2042 ( 2042 )</td><td>-2047 ( 2047 )</td><td>-1732 ( 1732 )</td></tr><tr><td>4</td><td>cash used in financing activities</td><td>-784 ( 784 )</td><td>-752 ( 752 )</td><td>-75 ( 75 )</td></tr><tr><td>5</td><td>net change in cash and cash equivalents</td><td>$ 54</td><td>$ -204 ( 204 )</td><td>$ 450</td></tr></table> cash provided by operating activities 2013 higher income in 2006 generated the increased cash provided by operating activities , which was partially offset by higher income tax payments , $ 150 million in voluntary pension contributions , higher material and supply inventories , and higher management incentive payments in 2006 . higher income , lower management incentive payments in 2005 ( executive bonuses , which would have been paid to individuals in 2005 , were not awarded based on company performance in 2004 and bonuses for the professional workforce that were paid out in 2005 were significantly reduced ) , and working capital performance generated higher cash from operating activities in 2005 . a voluntary pension contribution of $ 100 million in 2004 also augmented the positive year-over-year variance in 2005 as no pension contribution was made in 2005 . this improvement was partially offset by cash received in 2004 for income tax refunds . cash used in investing activities 2013 an insurance settlement for the 2005 january west coast storm and lower balances for work in process decreased the amount of cash used in investing activities in 2006 . higher capital investments and lower proceeds from asset sales partially offset this decrease . increased capital spending , partially offset by higher proceeds from asset sales , increased the amount of cash used in investing activities in 2005 compared to 2004 . cash used in financing activities 2013 the increase in cash used in financing activities primarily resulted from lower net proceeds from equity compensation plans ( $ 189 million in 2006 compared to $ 262 million in 2005 ) . the increase in 2005 results from debt issuances in 2004 and higher debt repayments in 2005 . we did not issue debt in 2005 versus $ 745 million of debt issuances in 2004 , and we repaid $ 699 million of debt in 2005 compared to $ 588 million in 2004 . the higher outflows in 2005 were partially offset by higher net proceeds from equity compensation plans ( $ 262 million in 2005 compared to $ 80 million in 2004 ) . .\nQuestion: what was the value of cash provided by operating activities in 2005?\n" }, { "role": "agent", "content": "2595.0" } ]
CONVFINQA4379	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents adobe inc . notes to consolidated financial statements ( continued ) the table below represents the preliminary purchase price allocation to the acquired net tangible and intangible assets of marketo based on their estimated fair values as of the acquisition date and the associated estimated useful lives at that date . the fair values assigned to assets acquired and liabilities assumed are based on management 2019s best estimates and assumptions as of the reporting date and are considered preliminary pending finalization of valuation analyses pertaining to intangible assets acquired , deferred revenue and tax liabilities assumed including the calculation of deferred tax assets and liabilities . ( in thousands ) amount weighted average useful life ( years ) . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>amount</td><td>weighted average useful life ( years )</td></tr><tr><td>2</td><td>customer contracts and relationships</td><td>$ 576900</td><td>11</td></tr><tr><td>3</td><td>purchased technology</td><td>444500</td><td>7</td></tr><tr><td>4</td><td>backlog</td><td>105800</td><td>2</td></tr><tr><td>5</td><td>non-competition agreements</td><td>12100</td><td>2</td></tr><tr><td>6</td><td>trademarks</td><td>328500</td><td>9</td></tr><tr><td>7</td><td>total identifiable intangible assets</td><td>1467800</td><td>-</td></tr><tr><td>8</td><td>net liabilities assumed</td><td>-191288 ( 191288 )</td><td>n/a</td></tr><tr><td>9</td><td>goodwill ( 1 )</td><td>3459751</td><td>n/a</td></tr><tr><td>10</td><td>total estimated purchase price</td><td>$ 4736263</td><td>-</td></tr></table> _________________________________________ ( 1 ) non-deductible for tax-purposes . identifiable intangible assets 2014customer relationships consist of marketo 2019s contractual relationships and customer loyalty related to their enterprise and commercial customers as well as technology partner relationships . the estimated fair value of the customer contracts and relationships was determined based on projected cash flows attributable to the asset . purchased technology acquired primarily consists of marketo 2019s cloud-based engagement marketing software platform . the estimated fair value of the purchased technology was determined based on the expected future cost savings resulting from ownership of the asset . backlog relates to subscription contracts and professional services . non-compete agreements include agreements with key marketo employees that preclude them from competing against marketo for a period of two years from the acquisition date . trademarks include the marketo trade name , which is well known in the marketing ecosystem . we amortize the fair value of these intangible assets on a straight-line basis over their respective estimated useful lives . goodwill 2014approximately $ 3.46 billion has been allocated to goodwill , and has been allocated in full to the digital experience reportable segment . goodwill represents the excess of the purchase price over the fair value of the underlying acquired net tangible and intangible assets . the factors that contributed to the recognition of goodwill included securing buyer-specific synergies that increase revenue and profits and are not otherwise available to a marketplace participant , acquiring a talented workforce and cost savings opportunities . net liabilities assumed 2014marketo 2019s tangible assets and liabilities as of october 31 , 2018 were reviewed and adjusted to their fair value as necessary . the net liabilities assumed included , among other items , $ 100.1 million in accrued expenses , $ 74.8 million in deferred revenue and $ 182.6 million in deferred tax liabilities , which were partially offset by $ 54.9 million in cash and cash equivalents and $ 72.4 million in trade receivables acquired . deferred revenue 2014included in net liabilities assumed is marketo 2019s deferred revenue which represents advance payments from customers related to subscription contracts and professional services . we estimated our obligation related to the deferred revenue using the cost build-up approach . the cost build-up approach determines fair value by estimating the direct and indirect costs related to supporting the obligation plus an assumed operating margin . the sum of the costs and assumed operating profit approximates , in theory , the amount that marketo would be required to pay a third party to assume the obligation . the estimated costs to fulfill the obligation were based on the near-term projected cost structure for subscription and professional services . as a result , we recorded an adjustment to reduce marketo 2019s carrying value of deferred revenue to $ 74.8 million , which represents our estimate of the fair value of the contractual obligations assumed based on a preliminary valuation. .\nQuestion: what was the amount from the total estimated purchase price of goodwill?\n" }, { "role": "agent", "content": "3459751.0" } ]
CONVFINQA6006	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 liquidity risk management liquidity is of critical importance to financial institutions . most of the recent failures of financial institutions have occurred in large part due to insufficient liquidity . accordingly , the firm has in place a comprehensive and conservative set of liquidity and funding policies to address both firm-specific and broader industry or market liquidity events . our principal objective is to be able to fund the firm and to enable our core businesses to continue to serve clients and generate revenues , even under adverse circumstances . we manage liquidity risk according to the following principles : excess liquidity . we maintain substantial excess liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment . asset-liability management . we assess anticipated holding periods for our assets and their expected liquidity in a stressed environment . we manage the maturities and diversity of our funding across markets , products and counterparties , and seek to maintain liabilities of appropriate tenor relative to our asset base . contingency funding plan . we maintain a contingency funding plan to provide a framework for analyzing and responding to a liquidity crisis situation or periods of market stress . this framework sets forth the plan of action to fund normal business activity in emergency and stress situations . these principles are discussed in more detail below . excess liquidity our most important liquidity policy is to pre-fund our estimated potential cash and collateral needs during a liquidity crisis and hold this excess liquidity in the form of unencumbered , highly liquid securities and cash . we believe that the securities held in our global core excess would be readily convertible to cash in a matter of days , through liquidation , by entering into repurchase agreements or from maturities of reverse repurchase agreements , and that this cash would allow us to meet immediate obligations without needing to sell other assets or depend on additional funding from credit-sensitive markets . as of december 2012 and december 2011 , the fair value of the securities and certain overnight cash deposits included in our gce totaled $ 174.62 billion and $ 171.58 billion , respectively . based on the results of our internal liquidity risk model , discussed below , as well as our consideration of other factors including , but not limited to , a qualitative assessment of the condition of the financial markets and the firm , we believe our liquidity position as of december 2012 was appropriate . the table below presents the fair value of the securities and certain overnight cash deposits that are included in our gce . average for the year ended december in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>average for theyear ended december 2012</td><td>average for theyear ended december 2011</td></tr><tr><td>2</td><td>u.s . dollar-denominated</td><td>$ 125111</td><td>$ 125668</td></tr><tr><td>3</td><td>non-u.s . dollar-denominated</td><td>46984</td><td>40291</td></tr><tr><td>4</td><td>total</td><td>$ 172095</td><td>$ 165959</td></tr></table> the u.s . dollar-denominated excess is composed of ( i ) unencumbered u.s . government and federal agency obligations ( including highly liquid u.s . federal agency mortgage-backed obligations ) , all of which are eligible as collateral in federal reserve open market operations and ( ii ) certain overnight u.s . dollar cash deposits . the non-u.s . dollar-denominated excess is composed of only unencumbered german , french , japanese and united kingdom government obligations and certain overnight cash deposits in highly liquid currencies . we strictly limit our excess liquidity to this narrowly defined list of securities and cash because they are highly liquid , even in a difficult funding environment . we do not include other potential sources of excess liquidity , such as less liquid unencumbered securities or committed credit facilities , in our gce . goldman sachs 2012 annual report 81 .\nQuestion: what is the value of the fair value of securities and certain overnight cash deposits in non-u.s . dollar-denominated assets in 2012?\nAnswer: 46984.0\nQuestion: what about the total air value of securities and certain overnight cash deposits?\nAnswer: 172095.0\nQuestion: what portion is in non-u.s . dollar-denominated assets in 2012?\n" }, { "role": "agent", "content": "0.27301" } ]
CONVFINQA4074	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 122 jpmorgan chase & co./2015 annual report wholesale credit portfolio the firm 2019s wholesale businesses are exposed to credit risk through underwriting , lending , market-making , and hedging activities with and for clients and counterparties , as well as through various operating services such as cash management and clearing activities . a portion of the loans originated or acquired by the firm 2019s wholesale businesses is generally retained on the balance sheet . the firm distributes a significant percentage of the loans it originates into the market as part of its syndicated loan business and to manage portfolio concentrations and credit risk . the wholesale credit portfolio , excluding oil & gas , continued to be generally stable throughout 2015 , characterized by low levels of criticized exposure , nonaccrual loans and charge-offs . growth in loans retained was driven by increased client activity , notably in commercial real estate . discipline in underwriting across all areas of lending continues to remain a key point of focus . the wholesale portfolio is actively managed , in part by conducting ongoing , in-depth reviews of client credit quality and transaction structure , inclusive of collateral where applicable ; and of industry , product and client concentrations . wholesale credit portfolio december 31 , credit exposure nonperforming ( c ) . <table class='wikitable'><tr><td>1</td><td>december 31 , ( in millions )</td><td>december 31 , 2015</td><td>december 31 , 2014</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>loans retained</td><td>$ 357050</td><td>$ 324502</td><td>$ 988</td><td>$ 599</td></tr><tr><td>3</td><td>loans held-for-sale</td><td>1104</td><td>3801</td><td>3</td><td>4</td></tr><tr><td>4</td><td>loans at fair value</td><td>2861</td><td>2611</td><td>25</td><td>21</td></tr><tr><td>5</td><td>loans 2013 reported</td><td>361015</td><td>330914</td><td>1016</td><td>624</td></tr><tr><td>6</td><td>derivative receivables</td><td>59677</td><td>78975</td><td>204</td><td>275</td></tr><tr><td>7</td><td>receivables from customers and other ( a )</td><td>13372</td><td>28972</td><td>2014</td><td>2014</td></tr><tr><td>8</td><td>total wholesale credit-related assets</td><td>434064</td><td>438861</td><td>1220</td><td>899</td></tr><tr><td>9</td><td>lending-related commitments</td><td>366399</td><td>366881</td><td>193</td><td>103</td></tr><tr><td>10</td><td>total wholesale credit exposure</td><td>$ 800463</td><td>$ 805742</td><td>$ 1413</td><td>$ 1002</td></tr><tr><td>11</td><td>credit derivatives usedin credit portfolio management activities ( b )</td><td>$ -20681 ( 20681 )</td><td>$ -26703 ( 26703 )</td><td>$ -9 ( 9 )</td><td>$ 2014</td></tr><tr><td>12</td><td>liquid securities and other cash collateral held against derivatives</td><td>-16580 ( 16580 )</td><td>-19604 ( 19604 )</td><td>na</td><td>na</td></tr></table> receivables from customers and other ( a ) 13372 28972 2014 2014 total wholesale credit- related assets 434064 438861 1220 899 lending-related commitments 366399 366881 193 103 total wholesale credit exposure $ 800463 $ 805742 $ 1413 $ 1002 credit derivatives used in credit portfolio management activities ( b ) $ ( 20681 ) $ ( 26703 ) $ ( 9 ) $ 2014 liquid securities and other cash collateral held against derivatives ( 16580 ) ( 19604 ) na na ( a ) receivables from customers and other include $ 13.3 billion and $ 28.8 billion of margin loans at december 31 , 2015 and 2014 , respectively , to prime and retail brokerage customers ; these are classified in accrued interest and accounts receivable on the consolidated balance sheets . ( b ) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures ; these derivatives do not qualify for hedge accounting under u.s . gaap . for additional information , see credit derivatives on page 129 , and note 6 . ( c ) excludes assets acquired in loan satisfactions. .\nQuestion: what is the balance of loans retained as of december 31, 2015?\nAnswer: 357050.0\nQuestion: what about 2014?\nAnswer: 324502.0\nQuestion: what is the net change among these years?\n" }, { "role": "agent", "content": "32548.0" } ]
CONVFINQA9969	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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>2002 net revenue</td><td>$ 1130.7</td></tr><tr><td>3</td><td>volume/weather</td><td>17.8</td></tr><tr><td>4</td><td>fuel write-offs in 2002</td><td>15.3</td></tr><tr><td>5</td><td>net wholesale revenue</td><td>10.2</td></tr><tr><td>6</td><td>base rate decreases</td><td>-23.3 ( 23.3 )</td></tr><tr><td>7</td><td>nisco gain recognized in 2002</td><td>-15.2 ( 15.2 )</td></tr><tr><td>8</td><td>rate refund provisions</td><td>-11.3 ( 11.3 )</td></tr><tr><td>9</td><td>other</td><td>-14.1 ( 14.1 )</td></tr><tr><td>10</td><td>2003 net revenue</td><td>$ 1110.1</td></tr></table> the volume/weather variance was due to higher electric sales volume in the service territory . billed usage increased a total of 517 gwh in the residential and commercial sectors . the increase was partially offset by a decrease in industrial usage of 470 gwh due to the loss of two large industrial customers to cogeneration . the customers accounted for approximately 1% ( 1 % ) of entergy gulf states' net revenue in 2002 . in 2002 , deferred fuel costs of $ 8.9 million related to a texas fuel reconciliation case were written off and $ 6.5 million in expense resulted from an adjustment in the deregulated asset plan percentage as the result of a power uprate at river bend . the increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and co- op customers and also to affiliated systems related to entergy's generation resource planning . the base rate decreases were effective june 2002 and january 2003 , both in the louisiana jurisdiction . the january 2003 base rate decrease of $ 22.1 million had a minimal impact on net income due to a corresponding reduction in nuclear depreciation and decommissioning expenses associated with the change in accounting to reflect an assumed extension of river bend's useful life . in 2002 , a gain of $ 15.2 million was recognized for the louisiana portion of the 1988 nelson units 1 and 2 sale . entergy gulf states received approval from the lpsc to discontinue applying amortization of the gain against recoverable fuel , resulting in the recognition of the deferred gain in income . rate refund provisions caused a decrease in net revenue due to additional provisions recorded in 2003 compared to 2002 for potential rate actions and refunds . gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 440.2 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions . fuel and purchased power expenses increased $ 471.1 million due to an increase in the market prices of natural gas and purchased power . other income statement variances 2004 compared to 2003 other operation and maintenance expenses decreased primarily due to : 2022 voluntary severance program accruals of $ 22.5 million in 2003 ; and 2022 a decrease of $ 4.3 million in nuclear material and labor costs due to reduced staff in 2004. .\nQuestion: what was the net revenue in 2002, in millions?\nAnswer: 1130.7\nQuestion: and what was it in 2003, also in millions?\nAnswer: 1110.1\nQuestion: what was, then, the change in net revenue over the year?\nAnswer: 20.6\nQuestion: and what was the increase in fuel cost recovery revenues in that same period?\nAnswer: 440.2\nQuestion: how much, then, does this increase represent in relation to the that change in net revenue, in percentage?\n" }, { "role": "agent", "content": "21.36893" } ]
CONVFINQA9746	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 1 . business cna financial corporation 2013 ( continued ) unpredictability in the law , insurance underwriting is expected to continue to be difficult in commercial lines , professional liability and other specialty coverages . the dodd-frank wall street reform and consumer protection act expands the federal presence in insurance oversight and may increase the regulatory requirements to which cna may be subject . the act 2019s requirements include streamlining the state-based regulation of reinsurance and nonadmitted insurance ( property or casualty insurance placed from insurers that are eligible to accept insurance , but are not licensed to write insurance in a particular state ) . the act also establishes a new federal insurance office within the u.s . department of the treasury with powers over all lines of insurance except health insurance , certain long term care insurance and crop insurance , to , among other things , monitor aspects of the insurance industry , identify issues in the regulation of insurers that could contribute to a systemic crisis in the insurance industry or the overall financial system , coordinate federal policy on international insurance matters and preempt state insurance measures under certain circumstances . the act calls for numerous studies and contemplates further regulation . the patient protection and affordable care act and the related amendments in the health care and education reconciliation act may increase cna 2019s operating costs and underwriting losses . this landmark legislation may lead to numerous changes in the health care industry that could create additional operating costs for cna , particularly with respect to workers 2019 compensation and long term care products . these costs might arise through the increased use of health care services by claimants or the increased complexities in health care bills that could require additional levels of review . in addition , due to the expected number of new participants in the health care system and the potential for additional malpractice claims , cna may experience increased underwriting risk in the lines of business that provide management and professional liability insurance to individuals and businesses engaged in the health care industry . the lines of business that provide professional liability insurance to attorneys , accountants and other professionals who advise clients regarding the health care reform legislation may also experience increased underwriting risk due to the complexity of the legislation . properties : the chicago location owned by ccc , a wholly owned subsidiary of cna , houses cna 2019s principal executive offices . cna owns or leases office space in various cities throughout the united states and in other countries . the following table sets forth certain information with respect to cna 2019s principal office locations : location ( square feet ) principal usage 333 s . wabash avenue 763322 principal executive offices of cna chicago , illinois 401 penn street 190677 property and casualty insurance offices reading , pennsylvania 2405 lucien way 116948 property and casualty insurance offices maitland , florida 40 wall street 114096 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s . phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n . pearl street 65752 property and casualty insurance offices dallas , texas 1249 s . river road 50366 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois 675 placentia avenue 46571 property and casualty insurance offices brea , california cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned. . <table class='wikitable'><tr><td>1</td><td>location</td><td>size ( square feet )</td><td>principal usage</td></tr><tr><td>2</td><td>333 s . wabash avenuechicago illinois</td><td>763322</td><td>principal executive offices of cna</td></tr><tr><td>3</td><td>401 penn streetreading pennsylvania</td><td>190677</td><td>property and casualty insurance offices</td></tr><tr><td>4</td><td>2405 lucien waymaitland florida</td><td>116948</td><td>property and casualty insurance offices</td></tr><tr><td>5</td><td>40 wall streetnew york new york</td><td>114096</td><td>property and casualty insurance offices</td></tr><tr><td>6</td><td>1100 ward avenuehonolulu hawaii</td><td>104478</td><td>property and casualty insurance offices</td></tr><tr><td>7</td><td>101 s . phillips avenuesioux falls south dakota</td><td>83616</td><td>property and casualty insurance offices</td></tr><tr><td>8</td><td>600 n . pearl streetdallas texas</td><td>65752</td><td>property and casualty insurance offices</td></tr><tr><td>9</td><td>1249 s . river roadcranbury new jersey</td><td>50366</td><td>property and casualty insurance offices</td></tr><tr><td>10</td><td>4267 meridian parkwayaurora illinois</td><td>46903</td><td>data center</td></tr><tr><td>11</td><td>675 placentia avenuebrea california</td><td>46571</td><td>property and casualty insurance offices</td></tr></table> item 1 . business cna financial corporation 2013 ( continued ) unpredictability in the law , insurance underwriting is expected to continue to be difficult in commercial lines , professional liability and other specialty coverages . the dodd-frank wall street reform and consumer protection act expands the federal presence in insurance oversight and may increase the regulatory requirements to which cna may be subject . the act 2019s requirements include streamlining the state-based regulation of reinsurance and nonadmitted insurance ( property or casualty insurance placed from insurers that are eligible to accept insurance , but are not licensed to write insurance in a particular state ) . the act also establishes a new federal insurance office within the u.s . department of the treasury with powers over all lines of insurance except health insurance , certain long term care insurance and crop insurance , to , among other things , monitor aspects of the insurance industry , identify issues in the regulation of insurers that could contribute to a systemic crisis in the insurance industry or the overall financial system , coordinate federal policy on international insurance matters and preempt state insurance measures under certain circumstances . the act calls for numerous studies and contemplates further regulation . the patient protection and affordable care act and the related amendments in the health care and education reconciliation act may increase cna 2019s operating costs and underwriting losses . this landmark legislation may lead to numerous changes in the health care industry that could create additional operating costs for cna , particularly with respect to workers 2019 compensation and long term care products . these costs might arise through the increased use of health care services by claimants or the increased complexities in health care bills that could require additional levels of review . in addition , due to the expected number of new participants in the health care system and the potential for additional malpractice claims , cna may experience increased underwriting risk in the lines of business that provide management and professional liability insurance to individuals and businesses engaged in the health care industry . the lines of business that provide professional liability insurance to attorneys , accountants and other professionals who advise clients regarding the health care reform legislation may also experience increased underwriting risk due to the complexity of the legislation . properties : the chicago location owned by ccc , a wholly owned subsidiary of cna , houses cna 2019s principal executive offices . cna owns or leases office space in various cities throughout the united states and in other countries . the following table sets forth certain information with respect to cna 2019s principal office locations : location ( square feet ) principal usage 333 s . wabash avenue 763322 principal executive offices of cna chicago , illinois 401 penn street 190677 property and casualty insurance offices reading , pennsylvania 2405 lucien way 116948 property and casualty insurance offices maitland , florida 40 wall street 114096 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s . phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n . pearl street 65752 property and casualty insurance offices dallas , texas 1249 s . river road 50366 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois 675 placentia avenue 46571 property and casualty insurance offices brea , california cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned. .\nQuestion: what is the total size of the data center location in illinois?\nAnswer: 46903.0\nQuestion: what about the size of principal executive offices of cna?\nAnswer: 763322.0\nQuestion: what is the total of these two?\nAnswer: 810225.0\nQuestion: what is the percentage change?\n" }, { "role": "agent", "content": "0.05789" } ]
CONVFINQA7656	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nincome taxes american water and its subsidiaries participate in a consolidated federal income tax return for u.s . tax purposes . members of the consolidated group are charged with the amount of federal income tax expense determined as if they filed separate returns . certain income and expense items are accounted for in different time periods for financial reporting than for income tax reporting purposes . the company provides deferred income taxes on the difference between the tax basis of assets and liabilities and the amounts at which they are carried in the financial statements . these deferred income taxes are based on the enacted tax rates expected to be in effect when these temporary differences are projected to reverse . in addition , the regulated utility subsidiaries recognize regulatory assets and liabilities for the effect on revenues expected to be realized as the tax effects of temporary differences , previously flowed through to customers , reverse . investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets . the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis . see note 13 2014income taxes . allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction . the regulated utility subsidiaries record afudc to the extent permitted by the pucs . the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations . any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations . afudc is summarized in the following table for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>allowance for other funds used during construction</td><td>$ 19</td><td>$ 15</td><td>$ 13</td></tr><tr><td>3</td><td>allowance for borrowed funds used during construction</td><td>8</td><td>6</td><td>8</td></tr></table> environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s . federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business . environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate . remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated . a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california . the company agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 . remediation costs accrued amounted to $ 6 million and less than $ 1 million as of december 31 , 2017 and 2016 , respectively . derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates . these derivative contracts are entered into for periods consistent with the related underlying .\nQuestion: what is the sum afudc used in allowance for other and borrowed funds used during construction in 2016?\nAnswer: 21.0\nQuestion: what was the allowance for borrowed funds during construction in 2016?\n" }, { "role": "agent", "content": "6.0" } ]
CONVFINQA10774	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2015 , continued management actions , primarily the sale or transfer to held-for-sale of approximately $ 1.5 billion of delinquent residential first mortgages , including $ 0.9 billion in the fourth quarter largely associated with the transfer of citifinancial loans to held-for-sale referenced above , were the primary driver of the overall improvement in delinquencies within citi holdings 2019 residential first mortgage portfolio . credit performance from quarter to quarter could continue to be impacted by the amount of delinquent loan sales or transfers to held-for-sale , as well as overall trends in hpi and interest rates . north america residential first mortgages 2014state delinquency trends the following tables set forth the six u.s . states and/or regions with the highest concentration of citi 2019s residential first mortgages. . <table class='wikitable'><tr><td>1</td><td>in billions of dollars state ( 1 )</td><td>in billions of dollars enr ( 2 )</td><td>in billions of dollars enrdistribution</td><td>in billions of dollars 90+dpd% ( 90+dpd % )</td><td>in billions of dollars %ltv >100% ( >100 % ) ( 3 )</td><td>in billions of dollars refreshedfico</td><td>in billions of dollars enr ( 2 )</td><td>in billions of dollars enrdistribution</td><td>in billions of dollars 90+dpd% ( 90+dpd % )</td><td>%ltv >100% ( >100 % ) ( 3 )</td><td>refreshedfico</td></tr><tr><td>2</td><td>ca</td><td>$ 19.2</td><td>37% ( 37 % )</td><td>0.2% ( 0.2 % )</td><td>1% ( 1 % )</td><td>754</td><td>$ 18.9</td><td>31% ( 31 % )</td><td>0.6% ( 0.6 % )</td><td>2% ( 2 % )</td><td>745</td></tr><tr><td>3</td><td>ny/nj/ct ( 4 )</td><td>12.7</td><td>25</td><td>0.8</td><td>1</td><td>751</td><td>12.2</td><td>20</td><td>1.9</td><td>2</td><td>740</td></tr><tr><td>4</td><td>va/md</td><td>2.2</td><td>4</td><td>1.2</td><td>2</td><td>719</td><td>3.0</td><td>5</td><td>3.0</td><td>8</td><td>695</td></tr><tr><td>5</td><td>il ( 4 )</td><td>2.2</td><td>4</td><td>1.0</td><td>3</td><td>735</td><td>2.5</td><td>4</td><td>2.5</td><td>9</td><td>713</td></tr><tr><td>6</td><td>fl ( 4 )</td><td>2.2</td><td>4</td><td>1.1</td><td>4</td><td>723</td><td>2.8</td><td>5</td><td>3.0</td><td>14</td><td>700</td></tr><tr><td>7</td><td>tx</td><td>1.9</td><td>4</td><td>1.0</td><td>2014</td><td>711</td><td>2.5</td><td>4</td><td>2.7</td><td>2014</td><td>680</td></tr><tr><td>8</td><td>other</td><td>11.0</td><td>21</td><td>1.3</td><td>2</td><td>710</td><td>18.2</td><td>30</td><td>3.3</td><td>7</td><td>677</td></tr><tr><td>9</td><td>total ( 5 )</td><td>$ 51.5</td><td>100% ( 100 % )</td><td>0.7% ( 0.7 % )</td><td>1% ( 1 % )</td><td>738</td><td>$ 60.1</td><td>100% ( 100 % )</td><td>2.1% ( 2.1 % )</td><td>4% ( 4 % )</td><td>715</td></tr></table> total ( 5 ) $ 51.5 100% ( 100 % ) 0.7% ( 0.7 % ) 1% ( 1 % ) 738 $ 60.1 100% ( 100 % ) 2.1% ( 2.1 % ) 4% ( 4 % ) 715 note : totals may not sum due to rounding . ( 1 ) certain of the states are included as part of a region based on citi 2019s view of similar hpi within the region . ( 2 ) ending net receivables . excludes loans in canada and puerto rico , loans guaranteed by u.s . government agencies , loans recorded at fair value and loans subject to long term standby commitments ( ltscs ) . excludes balances for which fico or ltv data are unavailable . ( 3 ) ltv ratios ( loan balance divided by appraised value ) are calculated at origination and updated by applying market price data . ( 4 ) new york , new jersey , connecticut , florida and illinois are judicial states . ( 5 ) improvement in state trends during 2015 was primarily due to the sale or transfer to held-for-sale of residential first mortgages , including the transfer of citifinancial residential first mortgages to held-for-sale in the fourth quarter of 2015 . foreclosures a substantial majority of citi 2019s foreclosure inventory consists of residential first mortgages . at december 31 , 2015 , citi 2019s foreclosure inventory included approximately $ 0.1 billion , or 0.2% ( 0.2 % ) , of the total residential first mortgage portfolio , compared to $ 0.6 billion , or 0.9% ( 0.9 % ) , at december 31 , 2014 , based on the dollar amount of ending net receivables of loans in foreclosure inventory , excluding loans that are guaranteed by u.s . government agencies and loans subject to ltscs . north america consumer mortgage quarterly credit trends 2014net credit losses and delinquencies 2014home equity citi 2019s home equity loan portfolio consists of both fixed-rate home equity loans and loans extended under home equity lines of credit . fixed-rate home equity loans are fully amortizing . home equity lines of credit allow for amounts to be drawn for a period of time with the payment of interest only and then , at the end of the draw period , the then-outstanding amount is converted to an amortizing loan ( the interest-only payment feature during the revolving period is standard for this product across the industry ) . after conversion , the home equity loans typically have a 20-year amortization period . as of december 31 , 2015 , citi 2019s home equity loan portfolio of $ 22.8 billion consisted of $ 6.3 billion of fixed-rate home equity loans and $ 16.5 billion of loans extended under home equity lines of credit ( revolving helocs ) . .\nQuestion: as of december 31, 2015, what was the amount of the loans extended under home equity lines of credit?\nAnswer: 16.5\nQuestion: and what was the total citi 2019s home equity loan portfolio?\n" }, { "role": "agent", "content": "22.8" } ]
CONVFINQA7389	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsales volumes in 2013 increased from 2012 , primarily for fluff pulp , reflecting improved market demand and a change in our product mix with a full year of fluff pulp production at our franklin , virginia mill . average sales price realizations were lower for fluff pulp while prices for market pulp increased . input costs for wood , fuels and chemicals were higher . mill operating costs were significantly lower largely due to the absence of costs associated with the start-up of the franklin mill in 2012 . planned maintenance downtime costs were higher . in the first quarter of 2014 , sales volumes are expected to be slightly lower compared with the fourth quarter of 2013 . average sales price realizations are expected to improve , reflecting the further realization of previously announced sales price increases for softwood pulp and fluff pulp . input costs should be flat . planned maintenance downtime costs should be about $ 11 million higher than in the fourth quarter of 2013 . operating profits will also be negatively impacted by the severe winter weather in the first quarter of 2014 . consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2013 increased 8% ( 8 % ) from 2012 , but decreased 7% ( 7 % ) from 2011 . operating profits decreased 40% ( 40 % ) from 2012 and 1% ( 1 % ) from 2011 . net sales and operating profits include the shorewood business in 2011 . excluding costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs associated with the sale of the shorewood business , 2013 operating profits were 22% ( 22 % ) lower than in 2012 , and 43% ( 43 % ) lower than in 2011 . benefits from higher sales volumes ( $ 45 million ) were offset by lower average sales price realizations and an unfavorable mix ( $ 50 million ) , higher operating costs including incremental costs resulting from the shutdown of a paper machine at our augusta , georgia mill ( $ 46 million ) and higher input costs ( $ 6 million ) . in addition , operating profits in 2013 included restructuring costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . operating profits in 2012 included a gain of $ 3 million related to the sale of the shorewood business , while operating profits in 2011 included a $ 129 million fixed asset impairment charge for the north american shorewood business and $ 72 million for other charges associated with the sale of the shorewood business . consumer packaging . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>sales</td><td>$ 3435</td><td>$ 3170</td><td>$ 3710</td></tr><tr><td>3</td><td>operating profit</td><td>161</td><td>268</td><td>163</td></tr></table> north american consumer packaging net sales were $ 2.0 billion in 2013 compared with $ 2.0 billion in 2012 and $ 2.5 billion in 2011 . operating profits were $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 compared with $ 165 million ( $ 162 million excluding charges associated with the sale of the shorewood business ) in 2012 and $ 35 million ( $ 236 million excluding asset impairment charges and other costs associated with the sale of the shorewood business ) in 2011 . coated paperboard sales volumes in 2013 were higher than in 2012 reflecting stronger market demand . average sales price realizations were lower year-over- year despite the realization of price increases in the second half of 2013 . input costs for wood and energy increased , but were partially offset by lower costs for chemicals . planned maintenance downtime costs were slightly lower . market-related downtime was about 24000 tons in 2013 compared with about 113000 tons in 2012 . the permanent shutdown of a paper machine at our augusta , georgia mill in the first quarter of 2013 reduced capacity by 140000 tons in 2013 compared with 2012 . foodservice sales volumes increased slightly in 2013 compared with 2012 despite softer market demand . average sales margins were higher reflecting lower input costs for board and resins and a more favorable product mix . operating costs and distribution costs were both higher . the u.s.shorewood business was sold december 31 , 2011 and the non-u.s . business was sold in january looking ahead to the first quarter of 2014 , coated paperboard sales volumes are expected to be seasonally weaker than in the fourth quarter of 2013 . average sales price realizations are expected to be slightly higher , and margins should also benefit from a more favorable product mix . input costs are expected to be higher for energy , chemicals and wood . planned maintenance downtime costs should be $ 8 million lower with a planned maintenance outage scheduled at the augusta mill in the first quarter . the severe winter weather in the first quarter of 2014 will negatively impact operating profits . foodservice sales volumes are expected to be seasonally lower . average sales margins are expected to improve due to the realization of sales price increases effective with our january contract openers and a more favorable product mix. .\nQuestion: what was the north american consumer packaging net sales in 2012, converted to the thousands?\nAnswer: 2000.0\nQuestion: and as a percentage of the total revenue for that year?\n" }, { "role": "agent", "content": "0.63091" } ]
CONVFINQA10628	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table details the growth in global weighted average berths and the global , north american , european and asia/pacific cruise guests over the past five years ( in thousands , except berth data ) : weighted- average supply of berths marketed globally ( 1 ) caribbean cruises ltd . total berths ( 2 ) global cruise guests ( 1 ) american cruise guests ( 1 ) ( 3 ) european cruise guests ( 1 ) ( 4 ) asia/pacific cruise guests ( 1 ) ( 5 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>weighted-averagesupply ofberthsmarketedglobally ( 1 )</td><td>royal caribbean cruises ltd . total berths ( 2 )</td><td>globalcruiseguests ( 1 )</td><td>north american cruise guests ( 1 ) ( 3 )</td><td>european cruise guests ( 1 ) ( 4 )</td><td>asia/pacific cruise guests ( 1 ) ( 5 )</td></tr><tr><td>2</td><td>2012</td><td>425000</td><td>98650</td><td>20813</td><td>11641</td><td>6225</td><td>1474</td></tr><tr><td>3</td><td>2013</td><td>432000</td><td>98750</td><td>21343</td><td>11710</td><td>6430</td><td>2045</td></tr><tr><td>4</td><td>2014</td><td>448000</td><td>105750</td><td>22039</td><td>12269</td><td>6387</td><td>2382</td></tr><tr><td>5</td><td>2015</td><td>469000</td><td>112700</td><td>23000</td><td>12004</td><td>6587</td><td>3129</td></tr><tr><td>6</td><td>2016</td><td>493000</td><td>123270</td><td>24000</td><td>12581</td><td>6542</td><td>3636</td></tr></table> _______________________________________________________________________________ ( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a combination of data that we obtain from various publicly available cruise industry trade information sources . we use data obtained from seatrade insider , cruise industry news and company press releases to estimate weighted-average supply of berths and clia and g.p . wild to estimate cruise guest information . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) total berths include our berths related to our global brands and partner brands . ( 3 ) our estimates include the united states and canada . ( 4 ) our estimates include european countries relevant to the industry ( e.g. , nordics , germany , france , italy , spain and the united kingdom ) . ( 5 ) our estimates include the southeast asia ( e.g. , singapore , thailand and the philippines ) , east asia ( e.g. , china and japan ) , south asia ( e.g. , india and pakistan ) and oceanian ( e.g. , australia and fiji islands ) regions . north america the majority of industry cruise guests are sourced from north america , which represented approximately 52% ( 52 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 2% ( 2 % ) from 2012 to 2016 . europe industry cruise guests sourced from europe represented approximately 27% ( 27 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 1% ( 1 % ) from 2012 to 2016 . asia/pacific industry cruise guests sourced from the asia/pacific region represented approximately 15% ( 15 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 25% ( 25 % ) from 2012 to 2016 . the asia/pacific region is experiencing the highest growth rate of the major regions , although it will continue to represent a relatively small sector compared to north america . competition we compete with a number of cruise lines . our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise line , costa cruises , cunard line , holland america line , p&o cruises , princess cruises and seabourn ; disney cruise line ; msc cruises ; and norwegian cruise line holdings ltd , which owns norwegian cruise line , oceania cruises and regent seven seas cruises . cruise lines compete with .\nQuestion: what is the net change in weighted-average supply of berths market ed globally from 2012 to 2016?\n" }, { "role": "agent", "content": "68000.0" } ]
CONVFINQA2284	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .\nQuestion: what was the difference in weighted-average estimated fair values of stock options granted between 2013 and 2014?\nAnswer: 0.47\nQuestion: and the value specifically for 2013?\nAnswer: 5.27\nQuestion: and the percentage change during this time?\n" }, { "role": "agent", "content": "0.08918" } ]
CONVFINQA7884	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfuture minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31 , 2015 , and thereafter in the aggregate , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2011</td><td>$ 65.1</td></tr><tr><td>2</td><td>2012</td><td>47.6</td></tr><tr><td>3</td><td>2013</td><td>35.7</td></tr><tr><td>4</td><td>2014</td><td>27.8</td></tr><tr><td>5</td><td>2015</td><td>24.3</td></tr><tr><td>6</td><td>thereafter</td><td>78.1</td></tr><tr><td>7</td><td>total</td><td>$ 278.6</td></tr></table> in addition , the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $ 16.3 million per year which renew on a short-term basis . rent expense incurred under all operating leases during the years ended december 31 , 2010 , 2009 and 2008 was $ 116.1 million , $ 100.2 million and $ 117.0 million , respectively . included in discontinued operations in the consolidated statements of earnings was rent expense of $ 2.0 million , $ 1.8 million and $ 17.0 million for the years ended december 31 , 2010 , 2009 and 2008 , respectively . data processing and maintenance services agreements . the company has agreements with various vendors , which expire between 2011 and 2017 , for portions of its computer data processing operations and related functions . the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $ 554.3 million as of december 31 , 2010 . however , this amount could be more or less depending on various factors such as the inflation rate , foreign exchange rates , the introduction of significant new technologies , or changes in the company 2019s data processing needs . ( 16 ) employee benefit plans stock purchase plan fis employees participate in an employee stock purchase plan ( espp ) . eligible employees may voluntarily purchase , at current market prices , shares of fis 2019 common stock through payroll deductions . pursuant to the espp , employees may contribute an amount between 3% ( 3 % ) and 15% ( 15 % ) of their base salary and certain commissions . shares purchased are allocated to employees based upon their contributions . the company contributes varying matching amounts as specified in the espp . the company recorded an expense of $ 14.3 million , $ 12.4 million and $ 14.3 million , respectively , for the years ended december 31 , 2010 , 2009 and 2008 , relating to the participation of fis employees in the espp . included in discontinued operations in the consolidated statements of earnings was expense of $ 0.1 million and $ 3.0 million for the years ended december 31 , 2009 and 2008 , respectively . 401 ( k ) profit sharing plan the company 2019s employees are covered by a qualified 401 ( k ) plan . eligible employees may contribute up to 40% ( 40 % ) of their pretax annual compensation , up to the amount allowed pursuant to the internal revenue code . the company generally matches 50% ( 50 % ) of each dollar of employee contribution up to 6% ( 6 % ) of the employee 2019s total eligible compensation . the company recorded expense of $ 23.1 million , $ 16.6 million and $ 18.5 million , respectively , for the years ended december 31 , 2010 , 2009 and 2008 , relating to the participation of fis employees in the 401 ( k ) plan . included in discontinued operations in the consolidated statements of earnings was expense of $ 0.1 million and $ 3.9 million for the years ended december 31 , 2009 and 2008 , respectively . fidelity national information services , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg* transmitting job : g26369 pcn : 083000000 *%%pcmsg\|83 \|00006\|yes\|no\|03/28/2011 17:32\|0\|0\|page is valid , no graphics -- color : n\| .\nQuestion: what was the net rent expense in 2010?\nAnswer: 116.1\nQuestion: and what was it in 2009?\nAnswer: 100.2\nQuestion: what was, then, the change in net rent expense over the year?\nAnswer: 15.9\nQuestion: and how much does this change represent in relation to the 2009 net rent expense?\n" }, { "role": "agent", "content": "0.15868" } ]
CONVFINQA1386	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 determine stock-based compensation expense , the grant- date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the pro rata vesting period . at december 31 , 2011 and 2010 , options for 12337000 and 13397000 shares of common stock were exercisable at a weighted-average price of $ 106.08 and $ 118.21 , respectively . the total intrinsic value of options exercised during 2012 , 2011 and 2010 was $ 37 million , $ 4 million and $ 5 million . cash received from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 118 million , $ 41 million and $ 15 million , respectively . the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2012 , 2011 and 2010 was approximately $ 41 million , $ 14 million and $ 5 million , respectively . there were no options granted in excess of market value in 2012 , 2011 or 2010 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 29192854 at december 31 , 2012 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 30537674 shares at december 31 , 2012 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2012 , we issued approximately 1.7 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2012 , 2011 and 2010 include 25620 , 27090 and 29040 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant . incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant . the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period . the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards . restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months . beginning in 2012 , we incorporated several risk-related performance changes to certain incentive compensation programs . in addition to achieving certain financial performance metrics relative to our peers , the final payout amount will be subject to a negative adjustment if pnc fails to meet certain risk-related performance metrics as specified in the award agreement . however , the p&cc has the discretion to reduce any or all of this negative adjustment under certain circumstances . these awards have a three-year performance period and are payable in either stock or a combination of stock and cash . additionally , performance-based restricted share units were granted in 2012 to certain of our executives in lieu of stock options , with generally the same terms and conditions as the 2011 awards of the same . the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 , 2011 and 2010 was $ 60.68 , $ 63.25 and $ 54.59 per share , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 130 : nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2011</td><td>nonvested incentive/ performance unit shares 830</td><td>weighted-averagegrantdate fairvalue $ 61.68</td><td>nonvested restricted stock/ unit shares 2512</td><td>weighted-averagegrantdate fairvalue $ 54.87</td></tr><tr><td>2</td><td>granted</td><td>465</td><td>60.70</td><td>1534</td><td>60.67</td></tr><tr><td>3</td><td>vested</td><td>-100 ( 100 )</td><td>64.21</td><td>-831 ( 831 )</td><td>45.47</td></tr><tr><td>4</td><td>forfeited</td><td>-76 ( 76 )</td><td>60.27</td><td>-154 ( 154 )</td><td>60.51</td></tr><tr><td>5</td><td>december 31 2012</td><td>1119</td><td>$ 61.14</td><td>3061</td><td>$ 60.04</td></tr></table> in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash . at december 31 , 2012 , there was $ 86 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans . this cost is expected to be recognized as expense over a period of no longer than five years . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2012 , 2011 and 2010 was approximately $ 55 million , $ 52 million and $ 39 million , respectively . the pnc financial services group , inc . 2013 form 10-k 203 .\nQuestion: what was the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012?\nAnswer: 60.68\nQuestion: and what was it for 2011?\nAnswer: 63.25\nQuestion: what was, then, the total of that fair value for both years combined?\nAnswer: 123.93\nQuestion: what was the the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2010?\nAnswer: 54.59\nQuestion: including, then, 2010, what then becomes that total of that fair value for the three years?\n" }, { "role": "agent", "content": "178.52" } ]
CONVFINQA5917	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nz i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 4 f o r m 1 0 - k contractual obligations the company has entered into contracts with various third parties in the normal course of business which will require future payments . the following table illustrates the company 2019s contractual obligations : 2006 2008 2010 and and and contractual obligations total 2005 2007 2009 thereafter . <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>total</td><td>2005</td><td>2006 and 2007</td><td>2008 and 2009</td><td>2010 and thereafter</td></tr><tr><td>2</td><td>debt obligations</td><td>$ 651.5</td><td>$ 27.5</td><td>$ 449.0</td><td>$ 175.0</td><td>$ 2013</td></tr><tr><td>3</td><td>operating leases</td><td>103.0</td><td>23.5</td><td>34.2</td><td>17.7</td><td>27.6</td></tr><tr><td>4</td><td>purchase obligations</td><td>16.1</td><td>15.5</td><td>0.6</td><td>2013</td><td>2013</td></tr><tr><td>5</td><td>other long-term liabilities</td><td>420.9</td><td>2013</td><td>135.7</td><td>30.5</td><td>254.7</td></tr><tr><td>6</td><td>total contractual obligations</td><td>$ 1191.5</td><td>$ 66.5</td><td>$ 619.5</td><td>$ 223.2</td><td>$ 282.3</td></tr></table> critical accounting estimates the financial results of the company are affected by the adequate provisions exist for income taxes for all periods and selection and application of accounting policies and methods . jurisdictions subject to review or audit . significant accounting policies which require management 2019s commitments and contingencies 2013 accruals for judgment are discussed below . product liability and other claims are established with excess inventory and instruments 2013 the company internal and external legal counsel based on current must determine as of each balance sheet date how much , if information and historical settlement information for claims , any , of its inventory may ultimately prove to be unsaleable or related fees and for claims incurred but not reported . an unsaleable at its carrying cost . similarly , the company must actuarial model is used by the company to assist also determine if instruments on hand will be put to management in determining an appropriate level of accruals productive use or remain undeployed as a result of excess for product liability claims . historical patterns of claim loss supply . reserves are established to effectively adjust development over time are statistically analyzed to arrive at inventory and instruments to net realizable value . to factors which are then applied to loss estimates in the determine the appropriate level of reserves , the company actuarial model . the amounts established represent evaluates current stock levels in relation to historical and management 2019s best estimate of the ultimate costs that it will expected patterns of demand for all of its products and incur under the various contingencies . instrument systems and components . the basis for the goodwill and intangible assets 2013 the company determination is generally the same for all inventory and evaluates the carrying value of goodwill and indefinite life instrument items and categories except for work-in-progress intangible assets annually , or whenever events or inventory , which is recorded at cost . obsolete or circumstances indicate the carrying value may not be discontinued items are generally destroyed and completely recoverable . the company evaluates the carrying value of written off . management evaluates the need for changes to finite life intangible assets whenever events or circumstances valuation reserves based on market conditions , competitive indicate the carrying value may not be recoverable . offerings and other factors on a regular basis . significant assumptions are required to estimate the fair income taxes 2013 the company estimates income tax value of goodwill and intangible assets , most notably expense and income tax liabilities and assets by taxable estimated future cash flows generated by these assets . jurisdiction . realization of deferred tax assets in each taxable changes to these assumptions could result in the company jurisdiction is dependent on the company 2019s ability to being required to record impairment charges on these assets . generate future taxable income sufficient to realize the benefits . the company evaluates deferred tax assets on an recent accounting pronouncements ongoing basis and provides valuation allowances if it is information about recent accounting pronouncements is determined to be 2018 2018more likely than not 2019 2019 that the deferred tax included in note 2 to the consolidated financial statements , benefit will not be realized . federal income taxes are which are included herein under item 8 . provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the u.s . the company operates within numerous taxing jurisdictions . the company is subject to regulatory review or audit in virtually all of those jurisdictions and those reviews and audits may require extended periods of time to resolve . the company makes use of all available information and makes reasoned judgments regarding matters requiring interpretation in establishing tax expense , liabilities and reserves . the company believes .\nQuestion: what percentage of debt obligations are due in 2005?\nAnswer: 0.04221\nQuestion: and the percentage that are due in 2006 and 2007?\n" }, { "role": "agent", "content": "0.68918" } ]
CONVFINQA7607	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 international networks segment also owns and operates the following regional television networks , which reached the following number of subscribers and viewers via pay and fta or broadcast networks , respectively , as of december 31 , 2017 : television service international subscribers/viewers ( millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>television service</td><td>internationalsubscribers/viewers ( millions )</td></tr><tr><td>2</td><td>quest</td><td>fta</td><td>66</td></tr><tr><td>3</td><td>dsport</td><td>fta</td><td>43</td></tr><tr><td>4</td><td>nordic broadcast networks ( a )</td><td>broadcast</td><td>34</td></tr><tr><td>5</td><td>quest red</td><td>fta</td><td>27</td></tr><tr><td>6</td><td>giallo</td><td>fta</td><td>25</td></tr><tr><td>7</td><td>frisbee</td><td>fta</td><td>25</td></tr><tr><td>8</td><td>focus</td><td>fta</td><td>25</td></tr><tr><td>9</td><td>k2</td><td>fta</td><td>25</td></tr><tr><td>10</td><td>nove</td><td>fta</td><td>25</td></tr><tr><td>11</td><td>discovery hd world</td><td>pay</td><td>17</td></tr><tr><td>12</td><td>dkiss</td><td>pay</td><td>15</td></tr><tr><td>13</td><td>shed</td><td>pay</td><td>12</td></tr><tr><td>14</td><td>discovery hd theater</td><td>pay</td><td>11</td></tr><tr><td>15</td><td>discovery history</td><td>pay</td><td>10</td></tr><tr><td>16</td><td>discovery civilization</td><td>pay</td><td>8</td></tr><tr><td>17</td><td>discovery world</td><td>pay</td><td>6</td></tr><tr><td>18</td><td>discovery en espanol ( u.s. )</td><td>pay</td><td>6</td></tr><tr><td>19</td><td>discovery familia ( u.s. )</td><td>pay</td><td>6</td></tr><tr><td>20</td><td>discovery historia</td><td>pay</td><td>6</td></tr></table> ( a ) number of subscribers corresponds to the sum of the subscribers to each of the nordic broadcast networks in sweden , norway , finland and denmark subject to retransmission agreements with pay-tv providers . the nordic broadcast networks include kanal 5 , kanal 9 , and kanal 11 in sweden , tv norge , max , fem and vox in norway , tv 5 , kutonen , and frii in finland , and kanal 4 , kanal 5 , 6'eren , and canal 9 in denmark . similar to u.s . networks , a significant source of revenue for international networks relates to fees charged to operators who distribute our linear networks . such operators primarily include cable and dth satellite service providers , internet protocol television ( \"iptv\" ) and over-the-top operators ( \"ott\" ) . international television markets vary in their stages of development . some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies . common practice in international markets results in long-term contractual distribution relationships with terms generally shorter than similar customers in the u.s . distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the distributor agreements , and the market demand for the content that we provide . the other significant source of revenue for international networks relates to advertising sold on our television networks and across other distribution platforms , similar to u.s . networks . advertising revenue is dependent upon a number of factors , including the development of pay and fta television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over all media platforms . in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets . during 2017 , distribution , advertising and other revenues were 57% ( 57 % ) , 41% ( 41 % ) and 2% ( 2 % ) , respectively , of total net revenues for this segment . while the company has traditionally operated cable networks , in recent years an increasing portion of the company's international advertising revenue is generated by fta or broadcast networks , unlike u.s . networks . during 2017 , fta or broadcast networks generated 54% ( 54 % ) of international networks' advertising revenue and pay-tv networks generated 46% ( 46 % ) of international networks' advertising revenue . international networks' largest cost is content expense for localized programming disseminated via more than 400 unique distribution feeds . while our international networks segment maximizes the use of programming from u.s . networks , we also develop local programming that is tailored to individual market preferences and license the rights to air films , television series and sporting events from third parties . international networks amortizes the cost of capitalized content rights based on the proportion of current estimated revenues relative to the estimated remaining total lifetime revenues , which results in either an accelerated method or a straight-line method over the estimated useful lives of the content of up to five years . content acquired from u.s . networks and content developed locally airing on the same network is amortized similarly , as amortization rates vary by network . more than half of international networks' content is amortized using an accelerated amortization method , while the remainder is amortized on a straight-line basis . the costs for multi-year sports programming arrangements are expensed when the event is broadcast based on the estimated relative value of each component of the arrangement . while international networks and u.s . networks have similarities with respect to the nature of operations , the generation of revenue and the categories of expense , international networks have a lower segment margin due to lower economies of scale from being in over 220 markets requiring additional cost for localization to satisfy market variations . international networks also include sports and fta broadcast channels , which drive higher costs from sports rights and production and investment in broad entertainment programming for broadcast networks . on june 23 , 2016 , the u.k . held a referendum in which voters approved an exit from the european union ( 201ce.u . 201d ) , commonly referred to as 201cbrexit . 201d after a preliminary phase of negotiations towards the end of 2017 , the u.k . government and the e.u . will in 2018 negotiate the main principles of the u.k . 2019s future relationship with the e.u. , as well as a transitional period . brexit may have an adverse impact on advertising , subscribers , distributors and employees , as described in item 1a , risk factors , below . we continue to monitor the situation and plan for potential effects to our distribution and licensing agreements , unusual foreign currency exchange rate fluctuations , and changes to the legal and regulatory landscape . education and other education and other generated revenues of $ 158 million during 2017 , which represented 2% ( 2 % ) of our total consolidated revenues . education is comprised of curriculum-based product and service offerings and generates revenues primarily from subscriptions charged to k-12 schools for access to an online suite of curriculum-based vod tools , professional development services , digital textbooks and , to a lesser extent , student assessments and publication of hard copy curriculum-based content . other is comprised of our wholly-owned production studio , which provides services to our u.s . networks and international networks segments at cost . on february 26 , 2018 , the company announced the planned sale of a controlling equity stake in its education business in the first half of 2018 , to francisco partners for cash of $ 120 million . no loss is expected upon sale . the company will retain an equity interest . additionally , the company will have ongoing license agreements which are considered to be at fair value . as of december 31 , 2017 , the company determined that the education business did not meet the held for sale criteria , as defined in gaap as management had not committed to a plan to sell the assets . on april 28 , 2017 , the company sold raw and betty to all3media . all3media is a u.k . based television , film and digital production and distribution company . the company owns 50% ( 50 % ) of all3media and accounts for its investment in all3media under the equity method of accounting . raw and betty were components of the studios operating segment reported with education and other . on november 12 , 2015 , we paid $ 195 million to acquire 5 million shares , or approximately 3% ( 3 % ) , of lions gate entertainment corp . ( \"lionsgate\" ) , an entertainment company involved in the production of movies and television which is accounted for as an available-for-sale ( \"afs\" ) security . during 2016 , we determined that the decline in value of our investment in lionsgate is other- than-temporary in nature and , as such , the cost basis was adjusted to the fair value of the investment as of september 30 , 2016 . ( see note 4 to the accompanying consolidated financial statements. ) content development our content development strategy is designed to increase viewership , maintain innovation and quality leadership , and provide value for our network distributors and advertising customers . our content is sourced from a wide range of third-party producers , which include some of the world 2019s leading nonfiction production companies , as well as independent producers and wholly-owned production studios . our production arrangements fall into three categories : produced , coproduced and licensed . produced content includes content that we engage third parties or wholly owned production studios to develop and produce . we retain editorial control and own most or all of the rights , in exchange for paying all development and production costs . production of digital-first content such as virtual reality and short-form video is typically done through wholly-owned production studios . coproduced content refers to program rights on which we have collaborated with third parties to finance and develop either because at times world-wide rights are not available for acquisition or we save costs by collaborating with third parties . licensed content is comprised of films or .\nQuestion: in millions, how many combined subscribers and viewers do the top 2 pay distributed television services have?\n" }, { "role": "agent", "content": "32.0" } ]
CONVFINQA10623	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsegment includes awe and our share of earnings for our investment in ula , which provides expendable launch services to the u.s . government . space systems 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>$ 9409</td><td>$ 9105</td><td>$ 9202</td></tr><tr><td>3</td><td>operating profit</td><td>1289</td><td>1171</td><td>1187</td></tr><tr><td>4</td><td>operating margin</td><td>13.7% ( 13.7 % )</td><td>12.9% ( 12.9 % )</td><td>12.9% ( 12.9 % )</td></tr><tr><td>5</td><td>backlog atyear-end</td><td>$ 18900</td><td>$ 17400</td><td>$ 20300</td></tr></table> 2016 compared to 2015 space systems 2019 net sales in 2016 increased $ 304 million , or 3% ( 3 % ) , compared to 2015 . the increase was attributable to net sales of approximately $ 410 million from awe following the consolidation of this business in the third quarter of 2016 ; and approximately $ 150 million for commercial space transportation programs due to increased launch-related activities ; and approximately $ 70 million of higher net sales for various programs ( primarily fleet ballistic missiles ) due to increased volume . these increases were partially offset by a decrease in net sales of approximately $ 340 million for government satellite programs due to decreased volume ( primarily sbirs and muos ) and the wind-down or completion of mission solutions programs . space systems 2019 operating profit in 2016 increased $ 118 million , or 10% ( 10 % ) , compared to 2015 . the increase was primarily attributable to a non-cash , pre-tax gain of approximately $ 127 million related to the consolidation of awe ; and approximately $ 80 million of increased equity earnings from joint ventures ( primarily ula ) . these increases were partially offset by a decrease of approximately $ 105 million for government satellite programs due to lower risk retirements ( primarily sbirs , muos and mission solutions programs ) and decreased volume . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 185 million lower in 2016 compared to 2015 . 2015 compared to 2014 space systems 2019 net sales in 2015 decreased $ 97 million , or 1% ( 1 % ) , compared to 2014 . the decrease was attributable to approximately $ 335 million lower net sales for government satellite programs due to decreased volume ( primarily aehf ) and the wind-down or completion of mission solutions programs ; and approximately $ 55 million for strategic missile and defense systems due to lower volume . these decreases were partially offset by higher net sales of approximately $ 235 million for businesses acquired in 2014 ; and approximately $ 75 million for the orion program due to increased volume . space systems 2019 operating profit in 2015 decreased $ 16 million , or 1% ( 1 % ) , compared to 2014 . operating profit increased approximately $ 85 million for government satellite programs due primarily to increased risk retirements . this increase was offset by lower operating profit of approximately $ 65 million for commercial satellite programs due to performance matters on certain programs ; and approximately $ 35 million due to decreased equity earnings in joint ventures . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million higher in 2015 compared to 2014 . equity earnings total equity earnings recognized by space systems ( primarily ula ) represented approximately $ 325 million , $ 245 million and $ 280 million , or 25% ( 25 % ) , 21% ( 21 % ) and 24% ( 24 % ) of this business segment 2019s operating profit during 2016 , 2015 and backlog backlog increased in 2016 compared to 2015 primarily due to the addition of awe 2019s backlog . backlog decreased in 2015 compared to 2014 primarily due to lower orders for government satellite programs and the orion program and higher sales on the orion program . trends we expect space systems 2019 2017 net sales to decrease in the mid-single digit percentage range as compared to 2016 , driven by program lifecycles on government satellite programs , partially offset by the recognition of awe net sales for a full year in 2017 versus a partial year in 2016 following the consolidation of awe in the third quarter of 2016 . operating profit .\nQuestion: what was net sales in 2015?\n" }, { "role": "agent", "content": "9105.0" } ]
CONVFINQA8968	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nd u k e r e a l t y c o r p o r a t i o n 2 8 2 0 0 2 a n n u a l r e p o r t notes to consolidated financial statements the company recognizes income on long-term construction contracts where the company serves as a general contractor on the percentage of completion method . using this method , profits are recorded on the basis of the company 2019s estimates of the percentage of completion of individual contracts , commencing when progress reaches a point where experience is sufficient to estimate final results with reasonable accuracy . that portion of the estimated earnings is accrued on the basis of the company 2019s estimates of the percentage of completion based on contract expenditures incurred and work performed . property sales gains from sales of depreciated property are recognized in accordance with statement of financial accounting standards ( 201csfas 201d ) no . 66 , and are included in earnings from sales of land and depreciable property dispositions , net of impairment adjustment , in the statement of operations if identified as held for sale prior to adoption of sfas 144 and in discontinued operations if identified as held for sale after adoption of sfas 144 . gains or losses from the sale of property which is considered held for sale in dclp are recognized in accordance with sfas 66 and are included in construction management and development activity income in the statement of operations . net income per common share basic net income per common share is computed by dividing net income available for common shares by the weighted average number of common shares outstanding for the period . diluted net income per share is computed by dividing the sum of net income available for common shares and minority interest in earnings of unitholders , by the sum of the weighted average number of common shares and units outstanding and dilutive potential common shares for the period . the following table reconciles the components of basic and diluted net income per share ( in thousands ) : the series d convertible preferred stock and the series g convertible preferred limited partner units were anti-dilutive for the years ended december 31 , 2002 , 2001 and 2000 ; therefore , no conversion to common shares is included in weighted dilutive potential common shares . in september 2002 , the company redeemed the series g convertible preferred units at their par value of $ 35.0 million . a joint venture partner in one of the company 2019s unconsolidated companies has the option to convert a portion of its ownership to company common shares ( see discussion in investments in unconsolidated companies section ) . the effect of the option on earnings per share was dilutive for the year ended december 31 , 2001 ; therefore , conversion to common shares is included in weighted dilutive potential common shares . federal income taxes the company has elected to be taxed as a real estate investment trust ( 201creit 201d ) under the internal revenue code . to qualify as a reit , the company must meet a number of organizational and operational requirements , including a requirement that it currently distribute at least 90% ( 90 % ) of its taxable income to its stockholders . management intends to continue to adhere to these requirements and to maintain the company 2019s reit status . as a reit , the company is entitled to a tax deduction for some or all of the dividends it pays to its shareholders . accordingly , the company generally will not be subject to federal income taxes as long as it distributes an amount equal to or in excess of its taxable income currently to its stockholders . a reit generally is subject to federal income taxes on any taxable income that is not currently distributed to its shareholders . if the company fails to qualify as a reit in any taxable year , it will be subject to federal income taxes and may not be able to qualify as a reit for four subsequent taxable years . reit qualification reduces , but does not eliminate , the amount of state and local taxes paid by the company . in addition , the company 2019s financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal , state and local income taxes . as a reit , the company may also be subject to certain federal excise taxes if it engages in certain types of transactions. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>basic net income available for common shares</td><td>$ 161272</td><td>$ 229967</td><td>$ 212958</td></tr><tr><td>3</td><td>joint venture partner convertible ownership net income</td><td>2014</td><td>3423</td><td>2014</td></tr><tr><td>4</td><td>minority interest in earnings of common unitholders</td><td>18568</td><td>32463</td><td>32071</td></tr><tr><td>5</td><td>diluted net income available for common shares and dilutive potential common shares</td><td>$ 179840</td><td>$ 265853</td><td>$ 245029</td></tr><tr><td>6</td><td>weighted average number of common shares outstanding</td><td>133981</td><td>129660</td><td>126836</td></tr><tr><td>7</td><td>weighted average partnership units outstanding</td><td>15442</td><td>18301</td><td>19070</td></tr><tr><td>8</td><td>joint venture partner convertible ownership common share equivalents</td><td>2014</td><td>2092</td><td>2014</td></tr><tr><td>9</td><td>dilutive shares for stock-based compensation plans</td><td>1416</td><td>1657</td><td>1535</td></tr><tr><td>10</td><td>weighted average number of common shares and dilutive potential common shares</td><td>150839</td><td>151710</td><td>147441</td></tr></table> .\nQuestion: what was the total basic net income for 2001 and 2002?\nAnswer: 391239.0\nQuestion: and including 2000?\nAnswer: 604197.0\nQuestion: so what was the average of this value over these years?\n" }, { "role": "agent", "content": "201399.0" } ]
CONVFINQA9495	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconduit assets by asset origin . <table class='wikitable'><tr><td>1</td><td>( dollars in billions )</td><td>2008 amount</td><td>2008 percent of total conduit assets</td><td>2008 amount</td><td>percent of total conduit assets</td></tr><tr><td>2</td><td>united states</td><td>$ 11.09</td><td>46% ( 46 % )</td><td>$ 12.14</td><td>42% ( 42 % )</td></tr><tr><td>3</td><td>australia</td><td>4.30</td><td>17</td><td>6.10</td><td>21</td></tr><tr><td>4</td><td>great britain</td><td>1.97</td><td>8</td><td>2.93</td><td>10</td></tr><tr><td>5</td><td>spain</td><td>1.71</td><td>7</td><td>1.90</td><td>7</td></tr><tr><td>6</td><td>italy</td><td>1.66</td><td>7</td><td>1.86</td><td>7</td></tr><tr><td>7</td><td>portugal</td><td>0.62</td><td>3</td><td>0.70</td><td>2</td></tr><tr><td>8</td><td>germany</td><td>0.57</td><td>3</td><td>0.70</td><td>2</td></tr><tr><td>9</td><td>netherlands</td><td>0.40</td><td>2</td><td>0.55</td><td>2</td></tr><tr><td>10</td><td>belgium</td><td>0.29</td><td>1</td><td>0.31</td><td>1</td></tr><tr><td>11</td><td>greece</td><td>0.27</td><td>1</td><td>0.31</td><td>1</td></tr><tr><td>12</td><td>other</td><td>1.01</td><td>5</td><td>1.26</td><td>5</td></tr><tr><td>13</td><td>total conduit assets</td><td>$ 23.89</td><td>100% ( 100 % )</td><td>$ 28.76</td><td>100% ( 100 % )</td></tr></table> the conduits meet the definition of a vie , as defined by fin 46 ( r ) . we have determined that we are not the primary beneficiary of the conduits , as defined by fin 46 ( r ) , and do not record them in our consolidated financial statements . we hold no direct or indirect ownership interest in the conduits , but we provide subordinated financial support to them through contractual arrangements . standby letters of credit absorb certain actual credit losses from the conduit assets ; our commitment under these letters of credit totaled $ 1.00 billion and $ 1.04 billion at december 31 , 2008 and 2007 , respectively . liquidity asset purchase agreements provide liquidity to the conduits in the event they cannot place commercial paper in the ordinary course of their business ; these facilities , which require us to purchase assets from the conduits at par , would provide the needed liquidity to repay maturing commercial paper if there was a disruption in the asset-backed commercial paper market . the aggregate commitment under the liquidity asset purchase agreements was approximately $ 23.59 billion and $ 28.37 billion at december 31 , 2008 and 2007 , respectively . we did not accrue for any losses associated with either our commitment under the standby letters of credit or the liquidity asset purchase agreements in our consolidated statement of condition at december 31 , 2008 or 2007 . during the first quarter of 2008 , pursuant to the contractual terms of our liquidity asset purchase agreements with the conduits , we were required to purchase $ 850 million of conduit assets . the purchase was the result of various factors , including the continued illiquidity in the commercial paper markets . the securities were purchased at prices determined in accordance with existing contractual terms in the liquidity asset purchase agreements , and which exceeded their fair value . accordingly , during the first quarter of 2008 , the securities were written down to their fair value through a $ 12 million reduction of processing fees and other revenue in our consolidated statement of income , and are carried at fair value in securities available for sale in our consolidated statement of condition . none of our liquidity asset purchase agreements with the conduits were drawn upon during the remainder of 2008 , and no draw-downs on the standby letters of credit occurred during 2008 . the conduits generally sell commercial paper to independent third-party investors . however , we sometimes purchase commercial paper from the conduits . as of december 31 , 2008 , we held an aggregate of approximately $ 230 million of commercial paper issued by the conduits , and $ 2 million at december 31 , 2007 . in addition , approximately $ 5.70 billion of u.s . conduit-issued commercial paper had been sold to the cpff . the cpff is scheduled to expire on october 31 , 2009 . the weighted-average maturity of the conduits 2019 commercial paper in the aggregate was approximately 25 days as of december 31 , 2008 , compared to approximately 20 days as of december 31 , 2007 . each of the conduits has issued first-loss notes to independent third parties , which third parties absorb first- dollar losses related to credit risk . aggregate first-loss notes outstanding at december 31 , 2008 for the four conduits totaled $ 67 million , compared to $ 32 million at december 31 , 2007 . actual credit losses of the conduits .\nQuestion: what was the total conduit asset in 2008?\n" }, { "role": "agent", "content": "23.59" } ]
CONVFINQA6041	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfor purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group . based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index . based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) . each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle . see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle . stock options the personnel committee and in the case of the named executive officers ( other than mr . leonard , mr . denault and mr . smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting \"burn rate\" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr . leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded . the following table sets forth the number of stock options granted to each named executive officer in 2008 . the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . <table class='wikitable'><tr><td>1</td><td>named exeutive officer</td><td>stock options</td></tr><tr><td>2</td><td>j . wayne leonard</td><td>175000</td></tr><tr><td>3</td><td>leo p . denault</td><td>50000</td></tr><tr><td>4</td><td>richard j . smith</td><td>35000</td></tr><tr><td>5</td><td>e . renae conley</td><td>15600</td></tr><tr><td>6</td><td>hugh t . mcdonald</td><td>7000</td></tr><tr><td>7</td><td>haley fisackerly</td><td>5000</td></tr><tr><td>8</td><td>joseph f . domino</td><td>7000</td></tr><tr><td>9</td><td>roderick k . west</td><td>8000</td></tr><tr><td>10</td><td>theodore h . bunting jr .</td><td>18000</td></tr><tr><td>11</td><td>carolyn shanks</td><td>7000</td></tr></table> the option grants awarded to the named executive officers ( other than mr . leonard and mr . lewis ) ranged in amount between 5000 and 50000 shares . mr . lewis did not receive any stock option awards in 2008 . in the case of mr . leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer . among other things , the committee noted that .\nQuestion: what is the value of stock options for j. wayne leonard?\n" }, { "role": "agent", "content": "18935000.0" } ]
CONVFINQA9283	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .\nQuestion: what percentage of obligations are due in greater than 5 years?\n" }, { "role": "agent", "content": "0.58384" } ]
CONVFINQA9887	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncondition are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table provides the weighted average assumptions used in the monte carlo simulation and the weighted average grant date fair values of psus granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>expected volatility</td><td>17.23% ( 17.23 % )</td><td>17.40% ( 17.40 % )</td><td>15.90% ( 15.90 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>2.36% ( 2.36 % )</td><td>1.53% ( 1.53 % )</td><td>0.91% ( 0.91 % )</td></tr><tr><td>4</td><td>expected life ( years )</td><td>3.0</td><td>3.0</td><td>3.0</td></tr><tr><td>5</td><td>grant date fair value per share</td><td>$ 73.62</td><td>$ 72.81</td><td>$ 77.16</td></tr></table> the grant date fair value of psus that vest ratably and have market and/or performance conditions are amortized through expense over the requisite service period using the graded-vesting method . if dividends are paid with respect to shares of the company 2019s common stock before the rsus and psus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus and psus were shares of company common stock . when the rsus and psus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued . the company accrued dividend equivalents totaling $ 1 million , less than $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in shareholders 2019 equity for the years ended december 31 , 2018 , 2017 and 2016 , respectively . employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at a discount . prior to february 5 , 2019 , the purchase price of common stock acquired under the espp was the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three -month purchase period . on july 27 , 2018 , the espp was amended , effective february 5 , 2019 , to permit employee participants to acquire company common stock at 85% ( 85 % ) of the fair market value of the common stock at the end of the purchase period . as of december 31 , 2018 , there were 1.9 million shares of common stock reserved for issuance under the espp . the espp is considered compensatory . during the years ended december 31 , 2018 , 2017 and 2016 , the company issued 95 thousand , 93 thousand and 93 thousand shares , respectively , under the espp. .\nQuestion: what was the net change in the grant date fair value per share from 2017 to 2018?\nAnswer: 0.81\nQuestion: what was the value in 2017?\n" }, { "role": "agent", "content": "72.81" } ]
CONVFINQA1934	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard . refer to note 2 , \"revenue recognition\" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs . 2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . <table class='wikitable'><tr><td>1</td><td>( $ in millions except percentages )</td><td>2018</td><td>% ( % ) change 2017</td><td>% ( % ) change 2016</td><td>% ( % ) change 2018 vs . 2017</td><td>% ( % ) change 2017 vs . 2016</td></tr><tr><td>2</td><td>interest expense net of interest income</td><td>$ 95</td><td>$ 85</td><td>$ 99</td><td>11.8% ( 11.8 % )</td><td>( 14.1 ) % ( % )</td></tr><tr><td>3</td><td>business restructuring net</td><td>$ 66</td><td>$ 2014</td><td>$ 191</td><td>n/a</td><td>( 100.0 ) % ( % )</td></tr><tr><td>4</td><td>pension settlement charges</td><td>$ 2014</td><td>$ 60</td><td>$ 968</td><td>( 100.0 ) % ( % )</td><td>( 93.8 ) % ( % )</td></tr><tr><td>5</td><td>other charges</td><td>$ 122</td><td>$ 74</td><td>$ 242</td><td>64.9% ( 64.9 % )</td><td>( 69.4 ) % ( % )</td></tr><tr><td>6</td><td>other income</td><td>( $ 114 )</td><td>( $ 150 )</td><td>( $ 127 )</td><td>( 24.0 ) % ( % )</td><td>18.1% ( 18.1 % )</td></tr></table> interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 . interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 . business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million . a pretax charge of $ 191 million was recorded in 2016 . refer to note 8 , \"business restructuring\" in item 8 of this form 10-k for additional information . pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s . qualified and non- qualified pension plans totaling approximately $ 127 million . as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 . during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s . and canadian pension obligations and assets to several highly rated insurance companies . these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans . ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions . refer to note 13 , \"employee benefit plans\" in item 8 of this form 10-k for additional information . other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges . these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey . refer to note 14 , \"commitments and contingent liabilities\" in item 8 of this form 10-k for additional information . other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 . refer to note 3 , \"acquisitions and divestitures\" in item 8 of this form 10-k for additional information. .\nQuestion: what was the pretax restructuring charge in the second quarter of 2018?\nAnswer: 83.0\nQuestion: by what amount was this charge offset?\nAnswer: 17.0\nQuestion: what then became that pretax restructuring charge after this offset?\nAnswer: 66.0\nQuestion: what was the pretax charge in 2016?\nAnswer: 191.0\nQuestion: what is, then, the total sum of these two pretax restructuring charges?\n" }, { "role": "agent", "content": "257.0" } ]
CONVFINQA4276	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 difference in the price of apple inc. between 9/30/12 and 9/30/07?\nAnswer: 337.0\nQuestion: so what was the cumulative total return during this time?\n" }, { "role": "agent", "content": "3.37" } ]
CONVFINQA3359	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2014 , 2013 and 2012 . the decrease in our consolidated net adjustments for 2014 compared to 2013 was primarily due to a decrease in profit booking rate adjustments at our aeronautics , mfc and mst business segments . the increase in our consolidated net adjustments for 2013 as compared to 2012 was primarily due to an increase in profit booking rate adjustments at our mst and mfc business segments and , to a lesser extent , the increase in the favorable resolution of contractual matters for the corporation . the consolidated net adjustments for 2014 are inclusive of approximately $ 650 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at mst and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below . the consolidated net adjustments for 2013 and 2012 are inclusive of approximately $ 600 million and $ 500 million in unfavorable items , which include a significant profit reduction on the f-35 development contract in both years , as well as a significant profit reduction on the c-5 program in 2013 , each as described in our aeronautics business segment 2019s results of operations discussion below . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor and the c-5m super galaxy . aeronautics 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>net sales</td><td>$ 14920</td><td>$ 14123</td><td>$ 14953</td></tr><tr><td>3</td><td>operating profit</td><td>1649</td><td>1612</td><td>1699</td></tr><tr><td>4</td><td>operating margins</td><td>11.1% ( 11.1 % )</td><td>11.4% ( 11.4 % )</td><td>11.4% ( 11.4 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 27600</td><td>$ 28000</td><td>$ 30100</td></tr></table> 2014 compared to 2013 aeronautics 2019 net sales for 2014 increased $ 797 million , or 6% ( 6 % ) , compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 790 million for f-35 production contracts due to increased volume and sustainment activities ; about $ 55 million for the f-16 program due to increased deliveries ( 17 aircraft delivered in 2014 compared to 13 delivered in 2013 ) partially offset by contract mix ; and approximately $ 45 million for the f-22 program due to increased risk retirements . the increases were partially offset by lower net sales of approximately $ 55 million for the f-35 development contract due to decreased volume , partially offset by the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; and about $ 40 million for the c-130 program due to fewer deliveries ( 24 aircraft delivered in 2014 compared to 25 delivered in 2013 ) and decreased sustainment activities , partially offset by contract mix . aeronautics 2019 operating profit for 2014 increased $ 37 million , or 2% ( 2 % ) , compared to 2013 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for the f-35 development contract due to the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; about $ 75 million for the f-22 program due to increased risk retirements ; approximately $ 50 million for the c-130 program due to increased risk retirements and contract mix , partially offset by fewer deliveries ; and about $ 25 million for the c-5 program due to the absence in 2014 of the downward revisions to the profit booking rate that occurred in 2013 . the increases were partially offset by lower operating profit of approximately $ 130 million for the f-16 program due to decreased risk retirements , partially offset by increased deliveries ; and about $ 70 million for sustainment activities due to decreased risk retirements and volume . operating profit was comparable for f-35 production contracts as higher volume was offset by lower risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million lower for 2014 compared to 2013 . 2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to .\nQuestion: what was the difference in operating profit between 2012 and 2013?\nAnswer: -87.0\nQuestion: and the value for 2012 specifically?\nAnswer: 1699.0\nQuestion: and the growth rate during this time?\n" }, { "role": "agent", "content": "-0.05121" } ]
CONVFINQA4838	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nanticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices . a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s . treasury securities or u.s . government agency securities . our exposure to risk is minimal given the nature of the investments . our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction . based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal . however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate . net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively . total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses . net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively . net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings . we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability . this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss . as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods . we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future . valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments . net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream . our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future . as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved . each clearing firm is required to deposit and maintain specified performance bond collateral . performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time . we accept a variety of collateral to satisfy performance bond requirements . cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets . clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets . the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time . cash performance bonds and guaranty fund contributions consisted of the following at december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>cash performance bonds</td><td>$ 3717.0</td><td>$ 5834.6</td></tr><tr><td>3</td><td>cash guaranty fund contributions</td><td>231.8</td><td>102.6</td></tr><tr><td>4</td><td>cross-margin arrangements</td><td>79.7</td><td>10.6</td></tr><tr><td>5</td><td>performance collateral for delivery</td><td>10.0</td><td>34.1</td></tr><tr><td>6</td><td>total</td><td>$ 4038.5</td><td>$ 5981.9</td></tr></table> .\nQuestion: what was the percentage of cash performance bonds and guaranty fund contributions from cash performance bonds?\nAnswer: 0.92039\nQuestion: what was the ratio of net long-term deferred tax liabilities in 2010 compared to 2009?\n" }, { "role": "agent", "content": "1.02632" } ]
CONVFINQA1222	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\navailable , we do not expect any transactions to have a significant impact on our reported income tax expense . in connection with the completion of the reorganization , we will reevaluate the ability to realize our deferred tax assets related to u.s . operations under the new aon uk corporate structure and we may recognize a non-cash , deferred tax expense upon the conclusion of this evaluation . based on information currently available , we do not expect the additional deferred tax expense , if any , to be significant . the reorganization will result in additional ongoing costs to us . the completion of the reorganization will result in an increase in some of our ongoing expenses and require us to incur some new expenses . some costs , including those related to employees in our u.k . offices and holding board meetings in the u.k. , are expected to be higher than would be the case if our principal executive offices were not relocated to the u.k. . we also expect to incur new expenses , including professional fees and sdrt in connection with settlement of equity-based awards under our stock or share incentive plans , to comply with u.k . corporate and tax laws . item 1b . unresolved staff comments . item 2 . properties . we have offices in various locations throughout the world . substantially all of our offices are located in leased premises . we maintain our corporate headquarters at 200 e . randolph street in chicago , illinois , where we occupy approximately 355000 square feet of space under an operating lease agreement that expires in 2013 . there are two five-year renewal options at current market rates . we own one building at pallbergweg 2-4 , amsterdam , the netherlands ( 150000 square feet ) . the following are additional significant leased properties , along with the occupied square footage and expiration. . <table class='wikitable'><tr><td>1</td><td>property:</td><td>occupied square footage</td><td>lease expiration dates</td></tr><tr><td>2</td><td>4 overlook point and other locations lincolnshire illinois</td><td>1224000</td><td>2014 2013 2019</td></tr><tr><td>3</td><td>2601 research forest drive the woodlands texas</td><td>414000</td><td>2020</td></tr><tr><td>4</td><td>dlf city and unitech cyber park gurgaan india</td><td>383000</td><td>2012 2013 2014</td></tr><tr><td>5</td><td>2300 discovery drive orlando florida</td><td>364000</td><td>2020</td></tr><tr><td>6</td><td>devonshire square and other locations london uk</td><td>327000</td><td>2018 2013 2023</td></tr><tr><td>7</td><td>199 water street new york new york</td><td>319000</td><td>2018</td></tr><tr><td>8</td><td>7201 hewitt associates drive charlotte north carolina</td><td>218000</td><td>2015</td></tr></table> 7201 hewitt associates drive , charlotte , north carolina . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218000 2015 the locations in lincolnshire , illinois , the woodlands , texas , orlando , florida , and charlotte north carolina , each of which were acquired as part of the hewitt acquisition in 2010 , are primarily dedicated to our hr solutions segment . the other locations listed above house personnel from each of our business segments . in november 2011 , aon entered into an agreement to lease 190000 square feet in a new building to be constructed in london , united kingdom . the agreement is contingent upon the completion of the building construction . aon expects to move into the new building in 2015 when it exercises an early break option at the devonshire square location. .\nQuestion: what was the occupied square footage for 2601 research forest drive the woodlands texas?\nAnswer: 414000.0\nQuestion: and for 2300 discovery drive orlando florida?\nAnswer: 364000.0\nQuestion: combined, what was the occupied square footage for these two properties?\n" }, { "role": "agent", "content": "778000.0" } ]

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