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CONVFINQA2789	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nduring 2012 , the company granted selected employees an aggregate of 139 thousand rsus with internal performance measures and , separately , certain market thresholds . these awards vested in january 2015 . the terms of the grants specified that to the extent certain performance goals , comprised of internal measures and , separately , market thresholds were achieved , the rsus would vest ; if performance goals were surpassed , up to 175% ( 175 % ) of the target awards would be distributed ; and if performance goals were not met , the awards would be forfeited . in january 2015 , an additional 93 thousand rsus were granted and distributed because performance thresholds were exceeded . in 2015 , 2014 and 2013 , the company granted rsus , both with and without performance conditions , to certain employees under the 2007 plan . the rsus without performance conditions vest ratably over the three- year service period beginning january 1 of the year of the grant and the rsus with performance conditions vest ratably over the three-year performance period beginning january 1 of the year of the grant ( the 201cperformance period 201d ) . distribution of the performance shares is contingent upon the achievement of internal performance measures and , separately , certain market thresholds over the performance period . during 2015 , 2014 and 2013 , the company granted rsus to non-employee directors under the 2007 plan . the rsus vested on the date of grant ; however , distribution of the shares will be made within 30 days of the earlier of : ( i ) 15 months after grant date , subject to any deferral election by the director ; or ( ii ) the participant 2019s separation from service . because these rsus vested on the grant date , the total grant date fair value was recorded in operation and maintenance expense included in the expense table above on the grant date . rsus generally vest over periods ranging from one to three years . rsus granted with service-only conditions and those with internal performance measures are valued at the market value of the closing price of the company 2019s common stock on the date of grant . rsus granted with market conditions are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table presents the weighted-average assumptions used in the monte carlo simulation and the weighted-average grant date fair values of rsus granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>expected volatility</td><td>14.93% ( 14.93 % )</td><td>17.78% ( 17.78 % )</td><td>19.37% ( 19.37 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.07% ( 1.07 % )</td><td>0.75% ( 0.75 % )</td><td>0.40% ( 0.40 % )</td></tr><tr><td>4</td><td>expected life ( years )</td><td>3.0</td><td>3.0</td><td>3.0</td></tr><tr><td>5</td><td>grant date fair value per share</td><td>$ 62.10</td><td>$ 45.45</td><td>$ 40.13</td></tr></table> the grant date fair value of restricted stock awards that vest ratably and have market and/or performance and service conditions are amortized through expense over the requisite service period using the graded-vesting method . rsus that have no performance conditions are amortized through expense over the requisite service period using the straight-line method and are included in operations expense in the accompanying consolidated statements of operations . as of december 31 , 2015 , $ 4 of total unrecognized compensation cost related to the nonvested restricted stock units is expected to be recognized over the weighted-average remaining life of 1.4 years . the total grant date fair value of rsus vested was $ 12 , $ 11 and $ 9 for the years ended december 31 , 2015 , 2014 and 2013. .\nQuestion: what was the grant date fair value per share in 2015?\nAnswer: 62.1\nQuestion: and what was it in 2013?\n" }, { "role": "agent", "content": "40.13" } ]
CONVFINQA8704	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ngoodwill is reviewed annually during the fourth quarter for impairment . in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors . such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts . an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value . the company did not recognize any impair- ment losses for the periods presented . medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims . the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes . these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known . management did not change actuarial methods during the years presented . management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates . revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts . some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries . revenue is recognized as earned over the covered period of services . revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data . these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known . premiums collected in advance are recorded as unearned revenue . the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers . revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services . for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance . such amounts are recorded as unearned revenue . revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts . activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>allowances beginning of year</td><td>$ 462</td><td>$ 607</td><td>$ 219</td></tr><tr><td>3</td><td>amounts charged to expense</td><td>80</td><td>407</td><td>472</td></tr><tr><td>4</td><td>write-offs of uncollectible receivables</td><td>-199 ( 199 )</td><td>-552 ( 552 )</td><td>-84 ( 84 )</td></tr><tr><td>5</td><td>allowances end of year</td><td>$ 343</td><td>$ 462</td><td>$ 607</td></tr></table> significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs . the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed . contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 . reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services . the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 . centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem . reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively . reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively . reinsurance recoveries , net of expenses , are included in medical costs . other income ( expense ) other income ( expense ) consists principally of investment income and interest expense . investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments . interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees . income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change . valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized . in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of .\nQuestion: what were the allowances at the beginning of the year in 2005?\nAnswer: 462.0\nQuestion: and in 2004?\nAnswer: 607.0\nQuestion: so what is the difference in this value between the two years?\nAnswer: -145.0\nQuestion: and the amount in 2004 again?\nAnswer: 607.0\nQuestion: so what was the percentage change?\n" }, { "role": "agent", "content": "-0.23888" } ]
CONVFINQA1853	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nzimmer biomet holdings , inc . 2015 form 10-k annual report through february 25 , 2016 , we repurchased approximately $ 415.0 million of shares of our common stock , which includes the $ 250.0 million of shares that we repurchased from certain selling stockholders on february 10 , 2016 . in order to achieve operational synergies , we expect cash outlays related to our integration plans to be approximately $ 290.0 million in 2016 . these cash outlays are necessary to achieve our integration goals of net annual pre-tax operating profit synergies of $ 350.0 million by the end of the third year post-closing date . also as discussed in note 20 to our consolidated financial statements , as of december 31 , 2015 , a short-term liability of $ 50.0 million and long-term liability of $ 264.6 million related to durom cup product liability claims was recorded on our consolidated balance sheet . we expect to continue paying these claims over the next few years . we expect to be reimbursed a portion of these payments for product liability claims from insurance carriers . as of december 31 , 2015 , we have received a portion of the insurance proceeds we estimate we will recover . we have a long-term receivable of $ 95.3 million remaining for future expected reimbursements from our insurance carriers . we also had a short-term liability of $ 33.4 million related to biomet metal-on-metal hip implant claims . at december 31 , 2015 , we had ten tranches of senior notes outstanding as follows ( dollars in millions ) : principal interest rate maturity date . <table class='wikitable'><tr><td>1</td><td>principal</td><td>interest rate</td><td>maturity date</td></tr><tr><td>2</td><td>$ 500.0</td><td>1.450% ( 1.450 % )</td><td>april 1 2017</td></tr><tr><td>3</td><td>1150.0</td><td>2.000</td><td>april 1 2018</td></tr><tr><td>4</td><td>500.0</td><td>4.625</td><td>november 30 2019</td></tr><tr><td>5</td><td>1500.0</td><td>2.700</td><td>april 1 2020</td></tr><tr><td>6</td><td>300.0</td><td>3.375</td><td>november 30 2021</td></tr><tr><td>7</td><td>750.0</td><td>3.150</td><td>april 1 2022</td></tr><tr><td>8</td><td>2000.0</td><td>3.550</td><td>april 1 2025</td></tr><tr><td>9</td><td>500.0</td><td>4.250</td><td>august 15 2035</td></tr><tr><td>10</td><td>500.0</td><td>5.750</td><td>november 30 2039</td></tr><tr><td>11</td><td>1250.0</td><td>4.450</td><td>august 15 2045</td></tr></table> we issued $ 7.65 billion of senior notes in march 2015 ( the 201cmerger notes 201d ) , the proceeds of which were used to finance a portion of the cash consideration payable in the biomet merger , pay merger related fees and expenses and pay a portion of biomet 2019s funded debt . on june 24 , 2015 , we also borrowed $ 3.0 billion on a u.s . term loan ( 201cu.s . term loan 201d ) to fund the biomet merger . we may , at our option , redeem our senior notes , in whole or in part , at any time upon payment of the principal , any applicable make-whole premium , and accrued and unpaid interest to the date of redemption . in addition , the merger notes and the 3.375% ( 3.375 % ) senior notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date . we have a $ 4.35 billion credit agreement ( 201ccredit agreement 201d ) that contains : ( i ) a 5-year unsecured u.s . term loan facility ( 201cu.s . term loan facility 201d ) in the principal amount of $ 3.0 billion , and ( ii ) a 5-year unsecured multicurrency revolving facility ( 201cmulticurrency revolving facility 201d ) in the principal amount of $ 1.35 billion . the multicurrency revolving facility will mature in may 2019 , with two one-year extensions available at our option . borrowings under the multicurrency revolving facility may be used for general corporate purposes . there were no borrowings outstanding under the multicurrency revolving facility as of december 31 , 2015 . the u.s . term loan facility will mature in june 2020 , with principal payments due beginning september 30 , 2015 , as follows : $ 75.0 million on a quarterly basis during the first three years , $ 112.5 million on a quarterly basis during the fourth year , and $ 412.5 million on a quarterly basis during the fifth year . in 2015 , we paid $ 500.0 million in principal under the u.s . term loan facility , resulting in $ 2.5 billion in outstanding borrowings as of december 31 , we and certain of our wholly owned foreign subsidiaries are the borrowers under the credit agreement . borrowings under the credit agreement bear interest at floating rates based upon indices determined by the currency of the borrowings plus an applicable margin determined by reference to our senior unsecured long-term credit rating , or at an alternate base rate , or , in the case of borrowings under the multicurrency revolving facility only , at a fixed rate determined through a competitive bid process . the credit agreement contains customary affirmative and negative covenants and events of default for an unsecured financing arrangement , including , among other things , limitations on consolidations , mergers and sales of assets . financial covenants include a consolidated indebtedness to consolidated ebitda ratio of no greater than 5.0 to 1.0 through june 24 , 2016 and no greater than 4.5 to 1.0 thereafter . if our credit rating falls below investment grade , additional restrictions would result , including restrictions on investments and payment of dividends . we were in compliance with all covenants under the credit agreement as of december 31 , 2015 . commitments under the credit agreement are subject to certain fees . on the multicurrency revolving facility , we pay a facility fee at a rate determined by reference to our senior unsecured long-term credit rating . we have a japan term loan agreement with one of the lenders under the credit agreement for 11.7 billion japanese yen that will mature on may 31 , 2018 . borrowings under the japan term loan bear interest at a fixed rate of 0.61 percent per annum until maturity . we also have other available uncommitted credit facilities totaling $ 35.8 million . we place our cash and cash equivalents in highly-rated financial institutions and limit the amount of credit exposure to any one entity . we invest only in high-quality financial instruments in accordance with our internal investment policy . as of december 31 , 2015 , we had short-term and long-term investments in debt securities with a fair value of $ 273.1 million . these investments are in debt securities of many different issuers and , therefore , we believe we have no significant concentration of risk with a single issuer . all of these debt securities remain highly rated and we believe the risk of default by the issuers is low. .\nQuestion: what is 2.5 times 1000?\n" }, { "role": "agent", "content": "2500.0" } ]
CONVFINQA4070	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nblackrock n 96 n notes in april 2009 , the company acquired $ 2 million of finite- lived management contracts with a five-year estimated useful life associated with the acquisition of the r3 capital partners funds . in december 2009 , in conjunction with the bgi trans- action , the company acquired $ 163 million of finite- lived management contracts with a weighted-average estimated useful life of approximately 10 years . estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows : ( dollar amounts in millions ) . <table class='wikitable'><tr><td>1</td><td>2010</td><td>$ 160</td></tr><tr><td>2</td><td>2011</td><td>157</td></tr><tr><td>3</td><td>2012</td><td>156</td></tr><tr><td>4</td><td>2013</td><td>155</td></tr><tr><td>5</td><td>2014</td><td>149</td></tr></table> indefinite-lived acquired management contracts on september 29 , 2006 , in conjunction with the mlim transaction , the company acquired indefinite-lived man- agement contracts valued at $ 4477 million consisting of $ 4271 million for all retail mutual funds and $ 206 million for alternative investment products . on october 1 , 2007 , in conjunction with the quellos transaction , the company acquired $ 631 million in indefinite-lived management contracts associated with alternative investment products . on october 1 , 2007 , the company purchased the remain- ing 20% ( 20 % ) of an investment manager of a fund of hedge funds . in conjunction with this transaction , the company recorded $ 8 million in additional indefinite-lived management contracts associated with alternative investment products . on december 1 , 2009 , in conjunction with the bgi transaction , the company acquired $ 9785 million in indefinite-lived management contracts valued consisting primarily for exchange traded funds and common and collective trusts . indefinite-lived acquired trade names/trademarks on december 1 , 2009 , in conjunction with the bgi transaction , the company acquired trade names/ trademarks primarily related to ishares valued at $ 1402.5 million . the fair value was determined using a royalty rate based primarily on normalized marketing and promotion expenditures to develop and support the brands globally . 13 . borrowings short-term borrowings 2007 facility in august 2007 , the company entered into a five-year $ 2.5 billion unsecured revolving credit facility ( the 201c2007 facility 201d ) , which permits the company to request an additional $ 500 million of borrowing capacity , subject to lender credit approval , up to a maximum of $ 3.0 billion . the 2007 facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortiza- tion , where net debt equals total debt less domestic unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2009 . the 2007 facility provides back-up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities . at december 31 , 2009 , the company had $ 200 million outstanding under the 2007 facility with an interest rate of 0.44% ( 0.44 % ) and a maturity date during february 2010 . during february 2010 , the company rolled over $ 100 million in borrowings with an interest rate of 0.43% ( 0.43 % ) and a maturity date in may 2010 . lehman commercial paper inc . has a $ 140 million participation under the 2007 facility ; however blackrock does not expect that lehman commercial paper inc . will honor its commitment to fund additional amounts . bank of america , a related party , has a $ 140 million participation under the 2007 facility . in december 2007 , in order to support two enhanced cash funds that blackrock manages , blackrock elected to procure two letters of credit under the existing 2007 facility in an aggregate amount of $ 100 million . in decem- ber 2008 , the letters of credit were terminated . commercial paper program on october 14 , 2009 , blackrock established a com- mercial paper program ( the 201ccp program 201d ) under which the company may issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3 billion . the proceeds of the commercial paper issuances were used for the financing of a portion of the bgi transaction . subsidiaries of bank of america and barclays , as well as other third parties , act as dealers under the cp program . the cp program is supported by the 2007 facility . the company began issuance of cp notes under the cp program on november 4 , 2009 . as of december 31 , 2009 , blackrock had approximately $ 2 billion of out- standing cp notes with a weighted average interest rate of 0.20% ( 0.20 % ) and a weighted average maturity of 23 days . since december 31 , 2009 , the company repaid approxi- mately $ 1.4 billion of cp notes with proceeds from the long-term notes issued in december 2009 . as of march 5 , 2010 , blackrock had $ 596 million of outstanding cp notes with a weighted average interest rate of 0.18% ( 0.18 % ) and a weighted average maturity of 38 days . japan commitment-line in june 2008 , blackrock japan co. , ltd. , a wholly owned subsidiary of the company , entered into a five billion japanese yen commitment-line agreement with a bank- ing institution ( the 201cjapan commitment-line 201d ) . the term of the japan commitment-line was one year and interest accrued at the applicable japanese short-term prime rate . in june 2009 , blackrock japan co. , ltd . renewed the japan commitment-line for a term of one year . the japan commitment-line is intended to provide liquid- ity and flexibility for operating requirements in japan . at december 31 , 2009 , the company had no borrowings outstanding on the japan commitment-line . convertible debentures in february 2005 , the company issued $ 250 million aggregate principal amount of convertible debentures ( the 201cdebentures 201d ) , due in 2035 and bearing interest at a rate of 2.625% ( 2.625 % ) per annum . interest is payable semi- annually in arrears on february 15 and august 15 of each year , and commenced august 15 , 2005 . prior to february 15 , 2009 , the debentures could have been convertible at the option of the holder at a decem- ber 31 , 2008 conversion rate of 9.9639 shares of common stock per one dollar principal amount of debentures under certain circumstances . the debentures would have been convertible into cash and , in some situations as described below , additional shares of the company 2019s common stock , if during the five business day period after any five consecutive trading day period the trading price per debenture for each day of such period is less than 103% ( 103 % ) of the product of the last reported sales price of blackrock 2019s common stock and the conversion rate of the debentures on each such day or upon the occurrence of certain other corporate events , such as a distribution to the holders of blackrock common stock of certain rights , assets or debt securities , if the company becomes party to a merger , consolidation or transfer of all or substantially all of its assets or a change of control of the company . on february 15 , 2009 , the debentures became convertible into cash at any time prior to maturity at the option of the holder and , in some situations as described below , additional shares of the company 2019s common stock at the current conversion rate . at the time the debentures are tendered for conver- sion , for each one dollar principal amount of debentures converted , a holder shall be entitled to receive cash and shares of blackrock common stock , if any , the aggregate value of which ( the 201cconversion value 201d ) will be deter- mined by multiplying the applicable conversion rate by the average of the daily volume weighted average price of blackrock common stock for each of the ten consecutive trading days beginning on the second trading day imme- diately following the day the debentures are tendered for conversion ( the 201cten-day weighted average price 201d ) . the company will deliver the conversion value to holders as follows : ( 1 ) an amount in cash ( the 201cprincipal return 201d ) equal to the lesser of ( a ) the aggregate conversion value of the debentures to be converted and ( b ) the aggregate principal amount of the debentures to be converted , and ( 2 ) if the aggregate conversion value of the debentures to be converted is greater than the principal return , an amount in shares ( the 201cnet shares 201d ) , determined as set forth below , equal to such aggregate conversion value less the principal return ( the 201cnet share amount 201d ) . the number of net shares to be paid will be determined by dividing the net share amount by the ten-day weighted average price . in lieu of delivering fractional shares , the company will deliver cash based on the ten-day weighted average price . the conversion rate for the debentures is subject to adjustments upon the occurrence of certain corporate events , such as a change of control of the company , 193253ti_txt.indd 96 4/2/10 1:18 pm .\nQuestion: what was the change in the estimated amortization expense for finite-lived intangible assets from 2010 to 2011?\nAnswer: 3.0\nQuestion: and what was this expense in 2010?\nAnswer: 157.0\nQuestion: how much, then, in percentage, did that change represent in relation to this 2010 amount?\n" }, { "role": "agent", "content": "0.01911" } ]
CONVFINQA2297	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 . the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts . partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume . operating profit for c-5 programs was comparable to 2011 . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 . backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program . backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs . trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts . operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix . information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers . is&gs has a portfolio of many smaller contracts as compared to our other business segments . is&gs has been impacted by the continued downturn in federal information technology budgets . is&gs 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net sales</td><td>$ 8367</td><td>$ 8846</td><td>$ 9381</td></tr><tr><td>3</td><td>operating profit</td><td>759</td><td>808</td><td>874</td></tr><tr><td>4</td><td>operating margins</td><td>9.1% ( 9.1 % )</td><td>9.1% ( 9.1 % )</td><td>9.3% ( 9.3 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>8300</td><td>8700</td><td>9300</td></tr></table> 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 . the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) . the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) . is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs . adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 . the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k . census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .\nQuestion: what is the operating profit in 2013?\nAnswer: 759.0\nQuestion: what about in 2012\nAnswer: 808.0\nQuestion: what is the total for two years?\n" }, { "role": "agent", "content": "1567.0" } ]
CONVFINQA3103	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n14 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2008 and 2007 included $ 2024 million , net of $ 869 million of amortization , and $ 2062 million , net of $ 887 million of amortization , respectively , for properties held under capital leases . a charge to income resulting from the amortization for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2008 were as follows : millions of dollars operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2009</td><td>$ 657</td><td>$ 188</td></tr><tr><td>3</td><td>2010</td><td>614</td><td>168</td></tr><tr><td>4</td><td>2011</td><td>580</td><td>178</td></tr><tr><td>5</td><td>2012</td><td>465</td><td>122</td></tr><tr><td>6</td><td>2013</td><td>389</td><td>152</td></tr><tr><td>7</td><td>later years</td><td>3204</td><td>1090</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 5909</td><td>$ 1898</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>628</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1270</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 747 million in 2008 , $ 810 million in 2007 , and $ 798 million in 2006 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 15 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 88% ( 88 % ) of the recorded liability related to asserted claims , and approximately 12% ( 12 % ) related to unasserted claims at december 31 , 2008 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from .\nQuestion: what are total minimum payments for operating leases?\n" }, { "role": "agent", "content": "5909.0" } ]
CONVFINQA11088	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncritical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s . ( gaap ) , are determined using best estimates and assumptions . while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented . we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 the valuation of our investment portfolio and assessment of other-than-temporary impairments ( otti ) ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill . we believe our accounting policies for these items are of critical importance to our consolidated financial statements . the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items . unpaid losses and loss expenses overview and key data as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers . the estimate of the liabilities includes provisions for claims that have been reported but are unpaid at the balance sheet date ( case reserves ) and for future obligations on claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional development on reported claims in instances where the case reserve is viewed to be potentially insufficient ) . loss reserves also include an estimate of expenses associated with processing and settling unpaid claims ( loss expenses ) . at december 31 , 2009 , our gross unpaid loss and loss expense reserves were $ 37.8 billion and our net unpaid loss and loss expense reserves were $ 25 billion . with the exception of certain structured settlements , for which the timing and amount of future claim pay- ments are reliably determinable , our loss reserves are not discounted for the time value of money . in connection with such structured settlements , we carry net reserves of $ 76 million , net of discount . the table below presents a roll-forward of our unpaid losses and loss expenses for the years ended december 31 , 2009 and 2008. . <table class='wikitable'><tr><td>1</td><td>( in millions of u.s . dollars )</td><td>2009 gross losses</td><td>2009 reinsurance recoverable ( 1 )</td><td>2009 net losses</td><td>2009 gross losses</td><td>2009 reinsurance recoverable ( 1 )</td><td>net losses</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 37176</td><td>$ 12935</td><td>$ 24241</td><td>$ 37112</td><td>$ 13520</td><td>$ 23592</td></tr><tr><td>3</td><td>losses and loss expenses incurred</td><td>11141</td><td>3719</td><td>7422</td><td>10944</td><td>3341</td><td>7603</td></tr><tr><td>4</td><td>losses and loss expenses paid</td><td>-11093 ( 11093 )</td><td>-4145 ( 4145 )</td><td>-6948 ( 6948 )</td><td>-9899 ( 9899 )</td><td>-3572 ( 3572 )</td><td>-6327 ( 6327 )</td></tr><tr><td>5</td><td>other ( including foreign exchange revaluation )</td><td>559</td><td>236</td><td>323</td><td>-1367 ( 1367 )</td><td>-387 ( 387 )</td><td>-980 ( 980 )</td></tr><tr><td>6</td><td>losses and loss expenses acquired</td><td>2013</td><td>2013</td><td>2013</td><td>386</td><td>33</td><td>353</td></tr><tr><td>7</td><td>balance end of year</td><td>$ 37783</td><td>$ 12745</td><td>$ 25038</td><td>$ 37176</td><td>$ 12935</td><td>$ 24241</td></tr></table> ( 1 ) net of provision for uncollectible reinsurance .\nQuestion: what were the gross unpaid losses in the end of the year of 2009, in millions?\n" }, { "role": "agent", "content": "37783.0" } ]
CONVFINQA9524	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthrough the certegy merger , the company has an obligation to service $ 200 million ( aggregate principal amount ) of unsecured 4.75% ( 4.75 % ) fixed-rate notes due in 2008 . the notes were recorded in purchase accounting at a discount of $ 5.7 million , which is being amortized over the term of the notes . the notes accrue interest at a rate of 4.75% ( 4.75 % ) per year , payable semi-annually in arrears on each march 15 and september 15 . on april 11 , 2005 , fis entered into interest rate swap agreements which have effectively fixed the interest rate at approximately 5.4% ( 5.4 % ) through april 2008 on $ 350 million of the term loan facilities ( or its replacement debt ) and at approximately 5.2% ( 5.2 % ) through april 2007 on an additional $ 350 million of the term loan . the company has designated these interest rate swaps as cash flow hedges in accordance with sfas no . 133 . the estimated fair value of the cash flow hedges results in an asset to the company of $ 4.9 million and $ 5.2 million , as of december 31 , 2006 and december 31 , 2005 , respectively , which is included in the accompanying consolidated balance sheets in other noncurrent assets and as a component of accumulated other comprehensive earnings , net of deferred taxes . a portion of the amount included in accumulated other comprehensive earnings is reclassified into interest expense as a yield adjustment as interest payments are made on the term loan facilities . the company 2019s existing cash flow hedges are highly effective and there is no current impact on earnings due to hedge ineffectiveness . it is the policy of the company to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes . principal maturities at december 31 , 2006 ( and at december 31 , 2006 after giving effect to the debt refinancing completed on january 18 , 2007 ) for the next five years and thereafter are as follows ( in thousands ) : december 31 , january 18 , 2007 refinancing . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 31 2006</td><td>january 18 2007 refinancing</td></tr><tr><td>2</td><td>2007</td><td>$ 61661</td><td>$ 96161</td></tr><tr><td>3</td><td>2008</td><td>257541</td><td>282041</td></tr><tr><td>4</td><td>2009</td><td>68129</td><td>145129</td></tr><tr><td>5</td><td>2010</td><td>33586</td><td>215586</td></tr><tr><td>6</td><td>2011</td><td>941875</td><td>165455</td></tr><tr><td>7</td><td>thereafter</td><td>1646709</td><td>2105129</td></tr><tr><td>8</td><td>total</td><td>$ 3009501</td><td>$ 3009501</td></tr></table> fidelity national information services , inc . and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .\nQuestion: what was the change in the total of principal maturities due in 2007 due to the debt refinancing completed on january of that year?\nAnswer: -34500.0\nQuestion: and what was the amount of unsecured 4.75% ( 4.75 % ) fixed-rate notes due in the next year, that the company was obligated to service?\n" }, { "role": "agent", "content": "200.0" } ]
CONVFINQA10701	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncash and a commitment to fund the capital needs of the business until such time as its cumulative funding is equal to funding that we have provided from inception through the effective date of the transaction . the transaction created a new joint venture which does business as comercia global payments brazil . as a result of the transaction , we deconsolidated global payments brazil , and we apply the equity method of accounting to our retained interest in comercia global payments brazil . we recorded a gain on the transaction of $ 2.1 million which is included in interest and other income in the consolidated statement of income for the fiscal year ended may 31 , 2014 . the results of the brazil operation from inception until the restructuring into a joint venture on september 30 , 2013 were not material to our consolidated results of operations , and the assets and liabilities that we derecognized were not material to our consolidated balance sheet . american express portfolio on october 24 , 2013 , we acquired a merchant portfolio in the czech republic from american express limited for $ 1.9 million . the acquired assets have been classified as customer-related intangible assets and contract-based intangible assets with estimated amortization periods of 10 years . paypros on march 4 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of payment processing , inc . ( 201cpaypros 201d ) for $ 420.0 million in cash plus $ 7.7 million in cash for working capital , subject to adjustment based on a final determination of working capital . we funded the acquisition with a combination of cash on hand and proceeds from our new term loan . paypros , based in california , is a provider of fully-integrated payment solutions for small-to-medium sized merchants in the united states . paypros delivers its products and services through a network of technology-based enterprise software partners to vertical markets that are complementary to the markets served by accelerated payment technologies ( 201capt 201d ) , which we acquired in october 2012 . we acquired paypros to expand our direct distribution capabilities in the united states and to further enhance our existing integrated solutions offerings . this acquisition was recorded as a business combination , and the purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values . due to the timing of this transaction , the allocation of the purchase price is preliminary pending final valuation of intangible assets and deferred income taxes as well as resolution of the working capital settlement discussed above . the purchase price of paypros was determined by analyzing the historical and prospective financial statements . acquisition costs associated with this purchase were not material . the following table summarizes the preliminary purchase price allocation ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>goodwill</td><td>$ 271577</td></tr><tr><td>2</td><td>customer-related intangible assets</td><td>147500</td></tr><tr><td>3</td><td>contract-based intangible assets</td><td>31000</td></tr><tr><td>4</td><td>acquired technology</td><td>10700</td></tr><tr><td>5</td><td>fixed assets</td><td>1680</td></tr><tr><td>6</td><td>other assets</td><td>4230</td></tr><tr><td>7</td><td>total assets acquired</td><td>466687</td></tr><tr><td>8</td><td>deferred income taxes</td><td>-38949 ( 38949 )</td></tr><tr><td>9</td><td>net assets acquired</td><td>$ 427738</td></tr></table> the preliminary purchase price allocation resulted in goodwill , included in the north america merchant services segment , of $ 271.6 million . such goodwill is attributable primarily to synergies with the services offered and markets served by paypros . the goodwill associated with the acquisition is not deductible for tax purposes . the customer-related intangible assets and the contract-based intangible assets have an estimated amortization period of 13 years . the acquired technology has an estimated amortization period of 7 years. .\nQuestion: what was the value of acquired technology?\nAnswer: 10700.0\nQuestion: what was the value of contract-based intangible assets?\n" }, { "role": "agent", "content": "31000.0" } ]
CONVFINQA6128	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\neog resources , inc . supplemental information to consolidated financial statements ( continued ) capitalized costs relating to oil and gas producing activities . the following table sets forth the capitalized costs relating to eog's crude oil and natural gas producing activities at december 31 , 2018 and 2017: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>proved properties</td><td>$ 53624809</td><td>$ 48845672</td></tr><tr><td>3</td><td>unproved properties</td><td>3705207</td><td>3710069</td></tr><tr><td>4</td><td>total</td><td>57330016</td><td>52555741</td></tr><tr><td>5</td><td>accumulated depreciation depletion and amortization</td><td>-31674085 ( 31674085 )</td><td>-29191247 ( 29191247 )</td></tr><tr><td>6</td><td>net capitalized costs</td><td>$ 25655931</td><td>$ 23364494</td></tr></table> costs incurred in oil and gas property acquisition , exploration and development activities . the acquisition , exploration and development costs disclosed in the following tables are in accordance with definitions in the extractive industries - oil and gas topic of the accounting standards codification ( asc ) . acquisition costs include costs incurred to purchase , lease or otherwise acquire property . exploration costs include additions to exploratory wells , including those in progress , and exploration expenses . development costs include additions to production facilities and equipment and additions to development wells , including those in progress. .\nQuestion: what were net capitalized costs in 2018?\nAnswer: 25655931.0\nQuestion: what were net capitalized costs in 2017?\nAnswer: 23364494.0\nQuestion: what is the ratio of costs 2018 to 2017?\n" }, { "role": "agent", "content": "1.09807" } ]
CONVFINQA1764	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsubstantially all of the goodwill and other intangible assets recorded related to the acquisition of allied are not deductible for tax purposes . pro forma information the consolidated financial statements presented for republic include the operating results of allied from the date of the acquisition . the following pro forma information is presented assuming the merger had been completed as of january 1 , 2007 . the unaudited pro forma information presented below has been prepared for illustrative purposes and is not intended to be indicative of the results of operations that would have actually occurred had the acquisition been consummated at the beginning of the periods presented or of future results of the combined operations ( in millions , except share and per share amounts ) . year ended december 31 , year ended december 31 , ( unaudited ) ( unaudited ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2008 ( unaudited )</td><td>year ended december 31 2007 ( unaudited )</td></tr><tr><td>2</td><td>revenue</td><td>$ 9362.2</td><td>$ 9244.9</td></tr><tr><td>3</td><td>income from continuing operations available to common stockholders</td><td>285.7</td><td>423.2</td></tr><tr><td>4</td><td>basic earnings per share</td><td>.76</td><td>1.10</td></tr><tr><td>5</td><td>diluted earnings per share</td><td>.75</td><td>1.09</td></tr></table> the above unaudited pro forma financial information includes adjustments for amortization of identifiable intangible assets , accretion of discounts to fair value associated with debt , environmental , self-insurance and other liabilities , accretion of capping , closure and post-closure obligations and amortization of the related assets , and provision for income taxes . assets held for sale as a condition of the merger with allied in december 2008 , we reached a settlement with the doj requiring us to divest of certain operations serving fifteen metropolitan areas including los angeles , ca ; san francisco , ca ; denver , co ; atlanta , ga ; northwestern indiana ; lexington , ky ; flint , mi ; cape girardeau , mo ; charlotte , nc ; cleveland , oh ; philadelphia , pa ; greenville-spartanburg , sc ; and fort worth , houston and lubbock , tx . the settlement requires us to divest 87 commercial waste collection routes , nine landfills and ten transfer stations , together with ancillary assets and , in three cases , access to landfill disposal capacity . we have classified the assets and liabilities we expect to divest ( including accounts receivable , property and equipment , goodwill , and accrued landfill and environmental costs ) as assets held for sale in our consolidated balance sheet at december 31 , 2008 . the assets held for sale related to operations that were republic 2019s prior to the merger with allied have been adjusted to the lower of their carrying amounts or estimated fair values less costs to sell , which resulted in us recognizing an asset impairment loss of $ 6.1 million in our consolidated statement of income for the year ended december 31 , 2008 . the assets held for sale related to operations that were allied 2019s prior to the merger are recorded at their estimated fair values in our consolidated balance sheet as of december 31 , 2008 in accordance with the purchase method of accounting . in february 2009 , we entered into an agreement to divest certain assets to waste connections , inc . the assets covered by the agreement include six municipal solid waste landfills , six collection operations and three transfer stations across the following seven markets : los angeles , ca ; denver , co ; houston , tx ; lubbock , tx ; greenville-spartanburg , sc ; charlotte , nc ; and flint , mi . the transaction with waste connections is subject to closing conditions regarding due diligence , regulatory approval and other customary matters . closing is expected to occur in the second quarter of 2009 . republic services , inc . and subsidiaries notes to consolidated financial statements %%transmsg* transmitting job : p14076 pcn : 106000000 *%%pcmsg\|104 \|00046\|yes\|no\|02/28/2009 21:07\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: in the year of 2008, what was the income from continuing operations available to common stockholders?\nAnswer: 285.7\nQuestion: and what were the basic earnings per share?\nAnswer: 0.76\nQuestion: what, then, can be concluded to be the number of shares available?\nAnswer: 375.92105\nQuestion: in that same year, what was the revenue?\n" }, { "role": "agent", "content": "9362.2" } ]
CONVFINQA2693	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 236 jpmorgan chase & co./2010 annual report the table below sets forth the accretable yield activity for the firm 2019s pci consumer loans for the years ended december 31 , 2010 , 2009 and . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in millions except ratios )</td><td>year ended december 31 , 2010</td><td>year ended december 31 , 2009</td><td>2008</td></tr><tr><td>2</td><td>balance january 1</td><td>$ 25544</td><td>$ 32619</td><td>$ 2014</td></tr><tr><td>3</td><td>washington mutual acquisition</td><td>2014</td><td>2014</td><td>39454</td></tr><tr><td>4</td><td>accretion into interest income</td><td>-3232 ( 3232 )</td><td>-4363 ( 4363 )</td><td>-1292 ( 1292 )</td></tr><tr><td>5</td><td>changes in interest rates on variable rate loans</td><td>-819 ( 819 )</td><td>-4849 ( 4849 )</td><td>-5543 ( 5543 )</td></tr><tr><td>6</td><td>other changes in expected cash flows ( a )</td><td>-2396 ( 2396 )</td><td>2137</td><td>2014</td></tr><tr><td>7</td><td>balance december 31</td><td>$ 19097</td><td>$ 25544</td><td>$ 32619</td></tr><tr><td>8</td><td>accretable yield percentage</td><td>4.35% ( 4.35 % )</td><td>5.14% ( 5.14 % )</td><td>5.81% ( 5.81 % )</td></tr></table> ( a ) other changes in expected cash flows may vary from period to period as the firm continues to refine its cash flow model and periodically updates model assumptions . for the years ended december 31 , 2010 and 2009 , other changes in expected cash flows were principally driven by changes in prepayment assumptions , as well as reclassification to the nonaccretable difference . such changes are expected to have an insignificant impact on the accretable yield percentage . the factors that most significantly affect estimates of gross cash flows expected to be collected , and accordingly the accretable yield balance , include : ( i ) changes in the benchmark interest rate indices for variable rate products such as option arm and home equity loans ; and ( ii ) changes in prepayment assump- tions . to date , the decrease in the accretable yield percentage has been primarily related to a decrease in interest rates on vari- able-rate loans and , to a lesser extent , extended loan liquida- tion periods . certain events , such as extended loan liquidation periods , affect the timing of expected cash flows but not the amount of cash expected to be received ( i.e. , the accretable yield balance ) . extended loan liquidation periods reduce the accretable yield percentage because the same accretable yield balance is recognized against a higher-than-expected loan balance over a longer-than-expected period of time. .\nQuestion: what was the accretable yield balance in 2010?\n" }, { "role": "agent", "content": "19097.0" } ]
CONVFINQA4594	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) upon termination of employment , excluding retirement , all of a participant 2019s unvested awards are forfeited . however , when a participant terminates employment due to retirement , the participant generally retains all of their awards without providing additional service to the company . eligible retirement is dependent upon age and years of service , as follows : age 55 with ten years of service , age 60 with five years of service and age 65 with two years of service . compensation expense is recognized over the shorter of the vesting periods stated in the ltip , or the date the individual becomes eligible to retire . there are 11550 shares of class a common stock reserved for equity awards under the ltip . although the ltip permits the issuance of shares of class b common stock , no such shares have been reserved for issuance . shares issued as a result of option exercises and the conversions of rsus are expected to be funded with the issuance of new shares of class a common stock . stock options the fair value of each option is estimated on the date of grant using a black-scholes option pricing model . the following table presents the weighted-average assumptions used in the valuation and the resulting weighted- average fair value per option granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>risk-free rate of return</td><td>2.5% ( 2.5 % )</td><td>3.2% ( 3.2 % )</td><td>4.4% ( 4.4 % )</td></tr><tr><td>3</td><td>expected term ( in years )</td><td>6.17</td><td>6.25</td><td>6.25</td></tr><tr><td>4</td><td>expected volatility</td><td>41.7% ( 41.7 % )</td><td>37.9% ( 37.9 % )</td><td>30.9% ( 30.9 % )</td></tr><tr><td>5</td><td>expected dividend yield</td><td>0.4% ( 0.4 % )</td><td>0.3% ( 0.3 % )</td><td>0.6% ( 0.6 % )</td></tr><tr><td>6</td><td>weighted-average fair value per option granted</td><td>$ 71.03</td><td>$ 78.54</td><td>$ 41.03</td></tr></table> the risk-free rate of return was based on the u.s . treasury yield curve in effect on the date of grant . the company utilizes the simplified method for calculating the expected term of the option based on the vesting terms and the contractual life of the option . the expected volatility for options granted during 2009 was based on the average of the implied volatility of mastercard and a blend of the historical volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard . the expected volatility for options granted during 2008 was based on the average of the implied volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard . as the company did not have sufficient publicly traded stock data historically , the expected volatility for options granted during 2007 was primarily based on the average of the historical and implied volatility of a group of companies that management believed was generally comparable to mastercard . the expected dividend yields were based on the company 2019s expected annual dividend rate on the date of grant. .\nQuestion: what is the change in value of weighted-average fair value per option granted from 2007 to 2008?\n" }, { "role": "agent", "content": "37.51" } ]
CONVFINQA5560	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2017 , and 2016 included $ 1635 million , net of $ 953 million of accumulated depreciation , and $ 1997 million , net of $ 1121 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2017 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2018</td><td>$ 398</td><td>$ 173</td></tr><tr><td>3</td><td>2019</td><td>359</td><td>156</td></tr><tr><td>4</td><td>2020</td><td>297</td><td>164</td></tr><tr><td>5</td><td>2021</td><td>259</td><td>168</td></tr><tr><td>6</td><td>2022</td><td>221</td><td>147</td></tr><tr><td>7</td><td>later years</td><td>1115</td><td>271</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 2649</td><td>$ 1079</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-187 ( 187 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 892</td></tr></table> approximately 97% ( 97 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 480 million in 2017 , $ 535 million in 2016 , and $ 590 million in 2015 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 95% ( 95 % ) of the recorded liability is related to asserted claims and approximately 5% ( 5 % ) is related to unasserted claims at december 31 , 2017 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 285 million to $ 310 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .\nQuestion: what is the total value of operating leases?\n" }, { "role": "agent", "content": "2649.0" } ]
CONVFINQA2862	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe weighted average fair value of options granted during 2010 , 2009 and 2008 was estimated to be $ 7.84 , $ 7.18 and $ 3.84 , respectively , using the black-scholes option pricing model with the assumptions below: . <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 interest rate</td><td>1.1% ( 1.1 % )</td><td>2.3% ( 2.3 % )</td><td>2.8% ( 2.8 % )</td></tr><tr><td>3</td><td>volatility</td><td>35.6% ( 35.6 % )</td><td>35.0% ( 35.0 % )</td><td>26.0% ( 26.0 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>0.7% ( 0.7 % )</td><td>1.0% ( 1.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>5</td><td>weighted average expected life ( years )</td><td>4.4</td><td>5.0</td><td>5.3</td></tr></table> at december 31 , 2010 and 2009 , the total unrecognized compensation cost related to non-vested stock awards is $ 129.3 million and $ 93.5 million , respectively , which is expected to be recognized in pre-tax income over a weighted average period of 1.7 years as of both year ends . the company granted a total of 1.5 million restricted stock awards at prices ranging from $ 25.76 to $ 28.15 on various dates in 2010 . these awards vest annually over three years . the company also granted 0.9 million performance restricted stock units during 2010 . these performance restricted stock units have been granted at the maximum achievable level and the number of shares that can vest is based on specific revenue and ebitda goals for periods from 2010 through 2012 . during 2009 , we granted 0.5 million shares of restricted stock at a price of $ 22.55 that vest annually over 3 years . on october 1 , 2009 , the company granted 0.4 million restricted stock units at a price of $ 24.85 per share that vested over six months . on march 20 , 2008 , we granted 0.4 million shares of restricted stock at a price of $ 38.75 that were to vest quarterly over 2 years . on july 2 , 2008 , 0.2 million of these shares were canceled and assumed by lps . the remaining unvested restricted shares were converted by the conversion factor of 1.7952 . these awards vested as of october 1 , 2009 , under the change in control provisions due to the metavante acquisition . on october 27 , 2008 , we granted 0.8 million shares of restricted stock at a price of $ 14.35 that vest annually over 3 years . as of december 31 , 2010 and 2009 , we have approximately 2.2 million and 1.4 million unvested restricted shares remaining . as of december 31 , 2010 we also have 0.6 million of restricted stock units that have not vested . share repurchase plans on october 25 , 2006 , our board of directors approved a plan authorizing repurchases of up to $ 200.0 million worth of our common stock ( the 201cold plan 201d ) . on april 17 , 2008 , our board of directors approved a plan authorizing repurchases of up to an additional $ 250.0 million worth of our common stock ( the 201cnew plan 201d ) . under the new plan we repurchased 5.8 million shares of our stock for $ 226.2 million , at an average price of $ 38.97 for the year ended december 31 , 2008 . during the year ended december 31 , 2008 , we also repurchased an additional 0.2 million shares of our stock for $ 10.0 million at an average price of $ 40.56 under the old plan . during 2007 , the company repurchased 1.6 million shares at an average price of $ 49.15 under the old plan . on february 4 , 2010 our board of directors approved a plan authorizing repurchases of up to 15.0 million shares of our common stock in the open market , at prevailing market prices or in privately negotiated transactions , through january 31 , 2013 . we repurchased 1.4 million shares of our common stock for $ 32.2 million , at an average price of $ 22.97 through march 31 , 2010 . no additional shares were repurchased under this plan during the year ended december 31 , 2010 . approximately 13.6 million shares of our common stock remain available to repurchase under this plan as of december 31 , 2010 . on may 25 , 2010 , our board of directors authorized a leveraged recapitalization plan to repurchase up to $ 2.5 billion of our common stock at a price range of $ 29.00 2014 $ 31.00 per share of common stock through a modified 201cdutch auction 201d tender offer ( the 201ctender offer 201d ) . the tender offer commenced on july 6 , 2010 and expired on august 3 , 2010 . the tender offer was oversubscribed at $ 29.00 , resulting in the purchase of 86.2 million shares , including 6.4 million shares underlying previously unexercised stock options . the repurchased shares were added to treasury stock . fidelity national information services , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg* transmitting job : g26369 pcn : 087000000 *%%pcmsg\|87 \|00008\|yes\|no\|03/28/2011 17:32\|0\|0\|page is valid , no graphics -- color : n\| .\nQuestion: what was the net change in the fair value of options from 2009 to 2010?\nAnswer: 0.66\nQuestion: what was the value in 2009?\nAnswer: 7.18\nQuestion: what was the net change over the 2009 value?\n" }, { "role": "agent", "content": "0.09192" } ]
CONVFINQA1851	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthrough the certegy merger , the company has an obligation to service $ 200 million ( aggregate principal amount ) of unsecured 4.75% ( 4.75 % ) fixed-rate notes due in 2008 . the notes were recorded in purchase accounting at a discount of $ 5.7 million , which is being amortized over the term of the notes . the notes accrue interest at a rate of 4.75% ( 4.75 % ) per year , payable semi-annually in arrears on each march 15 and september 15 . on april 11 , 2005 , fis entered into interest rate swap agreements which have effectively fixed the interest rate at approximately 5.4% ( 5.4 % ) through april 2008 on $ 350 million of the term loan facilities ( or its replacement debt ) and at approximately 5.2% ( 5.2 % ) through april 2007 on an additional $ 350 million of the term loan . the company has designated these interest rate swaps as cash flow hedges in accordance with sfas no . 133 . the estimated fair value of the cash flow hedges results in an asset to the company of $ 4.9 million and $ 5.2 million , as of december 31 , 2006 and december 31 , 2005 , respectively , which is included in the accompanying consolidated balance sheets in other noncurrent assets and as a component of accumulated other comprehensive earnings , net of deferred taxes . a portion of the amount included in accumulated other comprehensive earnings is reclassified into interest expense as a yield adjustment as interest payments are made on the term loan facilities . the company 2019s existing cash flow hedges are highly effective and there is no current impact on earnings due to hedge ineffectiveness . it is the policy of the company to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes . principal maturities at december 31 , 2006 ( and at december 31 , 2006 after giving effect to the debt refinancing completed on january 18 , 2007 ) for the next five years and thereafter are as follows ( in thousands ) : december 31 , january 18 , 2007 refinancing . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 31 2006</td><td>january 18 2007 refinancing</td></tr><tr><td>2</td><td>2007</td><td>$ 61661</td><td>$ 96161</td></tr><tr><td>3</td><td>2008</td><td>257541</td><td>282041</td></tr><tr><td>4</td><td>2009</td><td>68129</td><td>145129</td></tr><tr><td>5</td><td>2010</td><td>33586</td><td>215586</td></tr><tr><td>6</td><td>2011</td><td>941875</td><td>165455</td></tr><tr><td>7</td><td>thereafter</td><td>1646709</td><td>2105129</td></tr><tr><td>8</td><td>total</td><td>$ 3009501</td><td>$ 3009501</td></tr></table> fidelity national information services , inc . and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .\nQuestion: what was the fair value of cash flow hedges in 2006?\nAnswer: 4.9\nQuestion: what was the fair value of cash flow hedges in 2005?\nAnswer: 5.2\nQuestion: what is the net difference?\n" }, { "role": "agent", "content": "-0.3" } ]
CONVFINQA5115	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart ii , item 8 schlumberger limited and subsidiaries shares of common stock ( stated in millions ) issued in treasury shares outstanding . <table class='wikitable'><tr><td>1</td><td>-</td><td>issued</td><td>in treasury</td><td>shares outstanding</td></tr><tr><td>2</td><td>balance january 1 2007</td><td>1334</td><td>-156 ( 156 )</td><td>1178</td></tr><tr><td>3</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>14</td><td>14</td></tr><tr><td>4</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>2</td><td>2</td></tr><tr><td>5</td><td>stock repurchase program</td><td>2013</td><td>-16 ( 16 )</td><td>-16 ( 16 )</td></tr><tr><td>6</td><td>issued on conversions of debentures</td><td>2013</td><td>18</td><td>18</td></tr><tr><td>7</td><td>balance december 31 2007</td><td>1334</td><td>-138 ( 138 )</td><td>1196</td></tr><tr><td>8</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>5</td><td>5</td></tr><tr><td>9</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>2</td><td>2</td></tr><tr><td>10</td><td>stock repurchase program</td><td>2013</td><td>-21 ( 21 )</td><td>-21 ( 21 )</td></tr><tr><td>11</td><td>issued on conversions of debentures</td><td>2013</td><td>12</td><td>12</td></tr><tr><td>12</td><td>balance december 31 2008</td><td>1334</td><td>-140 ( 140 )</td><td>1194</td></tr><tr><td>13</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>4</td><td>4</td></tr><tr><td>14</td><td>vesting of restricted stock</td><td>2013</td><td>1</td><td>1</td></tr><tr><td>15</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>4</td><td>4</td></tr><tr><td>16</td><td>stock repurchase program</td><td>2013</td><td>-8 ( 8 )</td><td>-8 ( 8 )</td></tr><tr><td>17</td><td>balance december 31 2009</td><td>1334</td><td>-139 ( 139 )</td><td>1195</td></tr></table> see the notes to consolidated financial statements .\nQuestion: what is the balance of shares outstanding at the end of 2009?\n" }, { "role": "agent", "content": "1195.0" } ]
CONVFINQA8114	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndecember 2016 acquisition of camber and higher volumes in fleet support and oil and gas services , partially offset by lower nuclear and environmental volumes due to the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract . segment operating income 2018 - operating income in the technical solutions segment for the year ended december 31 , 2018 , was $ 32 million , compared to operating income of $ 21 million in 2017 . the increase was primarily due to an allowance for accounts receivable in 2017 on a nuclear and environmental commercial contract and higher income from operating investments at our nuclear and environmental joint ventures , partially offset by one time employee bonus payments in 2018 related to the tax act and lower performance in fleet support services . 2017 - operating income in the technical solutions segment for the year ended december 31 , 2017 , was $ 21 million , compared to operating income of $ 8 million in 2016 . the increase was primarily due to improved performance in oil and gas services and higher volume in mdis services following the december 2016 acquisition of camber , partially offset by the establishment of an allowance for accounts receivable on a nuclear and environmental commercial contract in 2017 and the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract . backlog total backlog as of december 31 , 2018 , was approximately $ 23 billion . total backlog includes both funded backlog ( firm orders for which funding is contractually obligated by the customer ) and unfunded backlog ( firm orders for which funding is not currently contractually obligated by the customer ) . backlog excludes unexercised contract options and unfunded idiq orders . for contracts having no stated contract values , backlog includes only the amounts committed by the customer . the following table presents funded and unfunded backlog by segment as of december 31 , 2018 and 2017: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>december 31 2018 funded</td><td>december 31 2018 unfunded</td><td>december 31 2018 total backlog</td><td>december 31 2018 funded</td><td>december 31 2018 unfunded</td><td>total backlog</td></tr><tr><td>2</td><td>ingalls</td><td>$ 9943</td><td>$ 1422</td><td>$ 11365</td><td>$ 5920</td><td>$ 2071</td><td>$ 7991</td></tr><tr><td>3</td><td>newport news</td><td>6767</td><td>4144</td><td>10911</td><td>6976</td><td>5608</td><td>12584</td></tr><tr><td>4</td><td>technical solutions</td><td>339</td><td>380</td><td>719</td><td>478</td><td>314</td><td>792</td></tr><tr><td>5</td><td>total backlog</td><td>$ 17049</td><td>$ 5946</td><td>$ 22995</td><td>$ 13374</td><td>$ 7993</td><td>$ 21367</td></tr></table> we expect approximately 30% ( 30 % ) of the $ 23 billion total backlog as of december 31 , 2018 , to be converted into sales in 2019 . u.s . government orders comprised substantially all of the backlog as of december 31 , 2018 and 2017 . awards 2018 - the value of new contract awards during the year ended december 31 , 2018 , was approximately $ 9.8 billion . significant new awards during the period included contracts for the construction of three arleigh burke class ( ddg 51 ) destroyers , for the detail design and construction of richard m . mccool jr . ( lpd 29 ) , for procurement of long-lead-time material for enterprise ( cvn 80 ) , and for the construction of nsc 10 ( unnamed ) and nsc 11 ( unnamed ) . in addition , we received awards in 2019 valued at $ 15.2 billion for detail design and construction of the gerald r . ford class ( cvn 78 ) aircraft carriers enterprise ( cvn 80 ) and cvn 81 ( unnamed ) . 2017 - the value of new contract awards during the year ended december 31 , 2017 , was approximately $ 8.1 billion . significant new awards during this period included the detailed design and construction contract for bougainville ( lha 8 ) and the execution contract for the rcoh of uss george washington ( cvn 73 ) . .\nQuestion: what was the operating income in the technical solutions segment for 2017?\n" }, { "role": "agent", "content": "21.0" } ]
CONVFINQA6892	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndevon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following methods and assumptions were used to estimate the fair values in the tables above . fixed-income securities 2014 devon 2019s fixed-income securities consist of u.s . treasury obligations , bonds issued by investment-grade companies from diverse industries , and asset-backed securities . these fixed-income securities are actively traded securities that can be redeemed upon demand . the fair values of these level 1 securities are based upon quoted market prices . devon 2019s fixed income securities also include commingled funds that primarily invest in long-term bonds and u.s . treasury securities . these fixed income securities can be redeemed on demand but are not actively traded . the fair values of these level 2 securities are based upon the net asset values provided by the investment managers . equity securities 2014 devon 2019s equity securities include a commingled global equity fund that invests in large , mid and small capitalization stocks across the world 2019s developed and emerging markets . these equity securities can be redeemed on demand but are not actively traded . the fair values of these level 2 securities are based upon the net asset values provided by the investment managers . at december 31 , 2010 , devon 2019s equity securities consisted of investments in u.s . large and small capitalization companies and international large capitalization companies . these equity securities were actively traded securities that could be redeemed upon demand . the fair values of these level 1 securities are based upon quoted market prices . at december 31 , 2010 , devon 2019s equity securities also included a commingled fund that invested in large capitalization companies . these equity securities could be redeemed on demand but were not actively traded . the fair values of these level 2 securities are based upon the net asset values provided by the investment managers . other securities 2014 devon 2019s other securities include commingled , short-term investment funds . these securities can be redeemed on demand but are not actively traded . the fair values of these level 2 securities are based upon the net asset values provided by investment managers . devon 2019s hedge fund and alternative investments include an investment in an actively traded global mutual fund that focuses on alternative investment strategies and a hedge fund of funds that invests both long and short using a variety of investment strategies . devon 2019s hedge fund of funds is not actively traded and devon is subject to redemption restrictions with regards to this investment . the fair value of this level 3 investment represents the fair value as determined by the hedge fund manager . included below is a summary of the changes in devon 2019s level 3 plan assets ( in millions ) . . <table class='wikitable'><tr><td>1</td><td>december 31 2009</td><td>$ 51</td></tr><tr><td>2</td><td>purchases</td><td>3</td></tr><tr><td>3</td><td>investment returns</td><td>4</td></tr><tr><td>4</td><td>december 31 2010</td><td>58</td></tr><tr><td>5</td><td>purchases</td><td>33</td></tr><tr><td>6</td><td>investment returns</td><td>-1 ( 1 )</td></tr><tr><td>7</td><td>december 31 2011</td><td>$ 90</td></tr></table> .\nQuestion: what was the value of devon 2019s level 3 plan assets at the end of 2011?\nAnswer: 90.0\nQuestion: what was the value at the start of 2011?\nAnswer: 58.0\nQuestion: what was the net change in value?\nAnswer: 32.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.55172" } ]
CONVFINQA2647	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations 82 fifth third bancorp to 100 million shares of its outstanding common stock in the open market or in privately negotiated transactions , and to utilize any derivative or similar instrument to affect share repurchase transactions . this share repurchase authorization replaced the board 2019s previous authorization . on may 21 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 25035519 shares , or approximately $ 539 million , of its outstanding common stock on may 24 , 2013 . the bancorp repurchased the shares of its common stock as part of its 100 million share repurchase program previously announced on march 19 , 2013 . at settlement of the forward contract on october 1 , 2013 , the bancorp received an additional 4270250 shares which were recorded as an adjustment to the basis in the treasury shares purchased on the acquisition date . on november 13 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 8538423 shares , or approximately $ 200 million , of its outstanding common stock on november 18 , 2013 . the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 . the bancorp expects the settlement of the transaction to occur on or before february 28 , 2014 . on december 10 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 19084195 shares , or approximately $ 456 million , of its outstanding common stock on december 13 , 2013 . the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 . the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 . on january 28 , 2014 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 3950705 shares , or approximately $ 99 million , of its outstanding common stock on january 31 , 2014 . the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 . the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 . table 61 : share repurchases . <table class='wikitable'><tr><td>1</td><td>for the years ended december 31</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>shares authorized for repurchase at january 1</td><td>63046682</td><td>19201518</td><td>19201518</td></tr><tr><td>3</td><td>additional authorizations ( a )</td><td>45541057</td><td>86269178</td><td>-</td></tr><tr><td>4</td><td>share repurchases ( b )</td><td>-65516126 ( 65516126 )</td><td>-42424014 ( 42424014 )</td><td>-</td></tr><tr><td>5</td><td>shares authorized for repurchase at december 31</td><td>43071613</td><td>63046682</td><td>19201518</td></tr><tr><td>6</td><td>average price paid per share</td><td>$ 18.80</td><td>$ 14.82</td><td>n/a</td></tr></table> ( a ) in march 2013 , the bancorp announced that its board of directors had authorized management to purchase 100 million shares of the bancorp 2019s common stock through the open market or in any private transaction . the authorization does not include specific price targets or an expiration date . this share repurchase authorization replaces the board 2019s previous authorization pursuant to which approximately 54 million shares remained available for repurchase by the bancorp . ( b ) excludes 1863097 , 2059003 and 1164254 shares repurchased during 2013 , 2012 , and 2011 , respectively , in connection with various employee compensation plans . these repurchases are not included in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the board of directors 2019 authorization . stress tests and ccar the frb issued guidelines known as ccar , which provide a common , conservative approach to ensure bhcs , including the bancorp , hold adequate capital to maintain ready access to funding , continue operations and meet their obligations to creditors and counterparties , and continue to serve as credit intermediaries , even in adverse conditions . the ccar process requires the submission of a comprehensive capital plan that assumes a minimum planning horizon of nine quarters under various economic scenarios . the mandatory elements of the capital plan are an assessment of the expected use and sources of capital over the planning horizon , a description of all planned capital actions over the planning horizon , a discussion of any expected changes to the bancorp 2019s business plan that are likely to have a material impact on its capital adequacy or liquidity , a detailed description of the bancorp 2019s process for assessing capital adequacy and the bancorp 2019s capital policy . the capital plan must reflect the revised capital framework that the frb adopted in connection with the implementation of the basel iii accord , including the framework 2019s minimum regulatory capital ratios and transition arrangements . the frb 2019s review of the capital plan will assess the comprehensiveness of the capital plan , the reasonableness of the assumptions and the analysis underlying the capital plan . additionally , the frb reviews the robustness of the capital adequacy process , the capital policy and the bancorp 2019s ability to maintain capital above the minimum regulatory capital ratios as they transition to basel iii and above a basel i tier 1 common ratio of 5 percent under baseline and stressful conditions throughout a nine- quarter planning horizon . the frb issued stress testing rules that implement section 165 ( i ) ( 1 ) and ( i ) ( 2 ) of the dfa . large bhcs , including the bancorp , are subject to the final stress testing rules . the rules require both supervisory and company-run stress tests , which provide forward- looking information to supervisors to help assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic conditions . in march of 2013 , the frb announced it had completed the 2013 ccar . for bhcs that proposed capital distributions in their plan , the frb either objected to the plan or provided a non- objection whereby the frb concurred with the proposed 2013 capital distributions . the frb indicated to the bancorp that it did not object to the following proposed capital actions for the period beginning april 1 , 2013 and ending march 31 , 2014 : f0b7 increase in the quarterly common stock dividend to $ 0.12 per share ; f0b7 repurchase of up to $ 750 million in trups subject to the determination of a regulatory capital event and replacement with the issuance of a similar amount of tier ii-qualifying subordinated debt ; f0b7 conversion of the $ 398 million in outstanding series g 8.5% ( 8.5 % ) convertible preferred stock into approximately 35.5 million common shares issued to the holders . if this conversion were to occur , the bancorp would intend to repurchase common shares equivalent to those issued in the conversion up to $ 550 million in market value , and issue $ 550 million in preferred stock; .\nQuestion: what is the price paid per share in 2013?\n" }, { "role": "agent", "content": "18.8" } ]
CONVFINQA6829	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nutilized . in accordance with sfas no . 144 , accounting for the impairment or disposal of long-lived assets , a non-cash impairment charge of $ 4.1 million was recorded in the second quarter of fiscal 2008 for the excess machinery . this charge is included as a separate line item in the company 2019s consolidated statement of operations . there was no change to useful lives and related depreciation expense of the remaining assets as the company believes these estimates are currently reflective of the period the assets will be used in operations . 7 . warranties the company generally provides a one-year warranty on sequencing , genotyping and gene expression systems . at the time revenue is recognized , the company establishes an accrual for estimated warranty expenses associated with system sales . this expense is recorded as a component of cost of product revenue . estimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract . changes in the company 2019s reserve for product warranties from january 1 , 2006 through december 28 , 2008 are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>balance as of january 1 2006</td><td>$ 751</td></tr><tr><td>2</td><td>additions charged to cost of revenue</td><td>1379</td></tr><tr><td>3</td><td>repairs and replacements</td><td>-1134 ( 1134 )</td></tr><tr><td>4</td><td>balance as of december 31 2006</td><td>996</td></tr><tr><td>5</td><td>additions charged to cost of revenue</td><td>4939</td></tr><tr><td>6</td><td>repairs and replacements</td><td>-2219 ( 2219 )</td></tr><tr><td>7</td><td>balance as of december 30 2007</td><td>3716</td></tr><tr><td>8</td><td>additions charged to cost of revenue</td><td>13044</td></tr><tr><td>9</td><td>repairs and replacements</td><td>-8557 ( 8557 )</td></tr><tr><td>10</td><td>balance as of december 28 2008</td><td>$ 8203</td></tr></table> 8 . convertible senior notes on february 16 , 2007 , the company issued $ 400.0 million principal amount of 0.625% ( 0.625 % ) convertible senior notes due 2014 ( the notes ) , which included the exercise of the initial purchasers 2019 option to purchase up to an additional $ 50.0 million aggregate principal amount of notes . the net proceeds from the offering , after deducting the initial purchasers 2019 discount and offering expenses , were $ 390.3 million . the company will pay 0.625% ( 0.625 % ) interest per annum on the principal amount of the notes , payable semi-annually in arrears in cash on february 15 and august 15 of each year . the company made interest payments of $ 1.3 million and $ 1.2 million on february 15 , 2008 and august 15 , 2008 , respectively . the notes mature on february 15 , the notes will be convertible into cash and , if applicable , shares of the company 2019s common stock , $ 0.01 par value per share , based on a conversion rate , subject to adjustment , of 45.8058 shares per $ 1000 principal amount of notes ( which represents a conversion price of $ 21.83 per share ) , only in the following circumstances and to the following extent : ( 1 ) during the five business-day period after any five consecutive trading period ( the measurement period ) in which the trading price per note for each day of such measurement period was less than 97% ( 97 % ) of the product of the last reported sale price of the company 2019s common stock and the conversion rate on each such day ; ( 2 ) during any calendar quarter after the calendar quarter ending march 30 , 2007 , if the last reported sale price of the company 2019s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately illumina , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the difference in the value of company 2019s reserve for product warranties in 2006?\n" }, { "role": "agent", "content": "245.0" } ]
CONVFINQA6158	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2022 triggering our obligation to make payments under any financial guarantee , letter of credit or other credit support we have provided to or on behalf of such subsidiary ; 2022 causing us to record a loss in the event the lender forecloses on the assets ; and 2022 triggering defaults in our outstanding debt at the parent company . for example , our senior secured credit facility and outstanding debt securities at the parent company include events of default for certain bankruptcy related events involving material subsidiaries . in addition , our revolving credit agreement at the parent company includes events of default related to payment defaults and accelerations of outstanding debt of material subsidiaries . some of our subsidiaries are currently in default with respect to all or a portion of their outstanding indebtedness . the total non-recourse debt classified as current in the accompanying consolidated balance sheets amounts to $ 2.2 billion . the portion of current debt related to such defaults was $ 1 billion at december 31 , 2017 , all of which was non-recourse debt related to three subsidiaries 2014 alto maipo , aes puerto rico , and aes ilumina . see note 10 2014debt in item 8 . 2014financial statements and supplementary data of this form 10-k for additional detail . none of the subsidiaries that are currently in default are subsidiaries that met the applicable definition of materiality under aes' corporate debt agreements as of december 31 , 2017 in order for such defaults to trigger an event of default or permit acceleration under aes' indebtedness . however , as a result of additional dispositions of assets , other significant reductions in asset carrying values or other matters in the future that may impact our financial position and results of operations or the financial position of the individual subsidiary , it is possible that one or more of these subsidiaries could fall within the definition of a \"material subsidiary\" and thereby upon an acceleration trigger an event of default and possible acceleration of the indebtedness under the parent company's outstanding debt securities . a material subsidiary is defined in the company's senior secured revolving credit facility as any business that contributed 20% ( 20 % ) or more of the parent company's total cash distributions from businesses for the four most recently completed fiscal quarters . as of december 31 , 2017 , none of the defaults listed above individually or in the aggregate results in or is at risk of triggering a cross-default under the recourse debt of the company . contractual obligations and parent company contingent contractual obligations a summary of our contractual obligations , commitments and other liabilities as of december 31 , 2017 is presented below and excludes any businesses classified as discontinued operations or held-for-sale ( in millions ) : contractual obligations total less than 1 year more than 5 years other footnote reference ( 4 ) debt obligations ( 1 ) $ 20404 $ 2250 $ 2431 $ 5003 $ 10720 $ 2014 10 interest payments on long-term debt ( 2 ) 9103 1172 2166 1719 4046 2014 n/a . <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>total</td><td>less than 1 year</td><td>1-3 years</td><td>3-5 years</td><td>more than 5 years</td><td>other</td><td>footnote reference ( 4 )</td></tr><tr><td>2</td><td>debt obligations ( 1 )</td><td>$ 20404</td><td>$ 2250</td><td>$ 2431</td><td>$ 5003</td><td>$ 10720</td><td>$ 2014</td><td>10</td></tr><tr><td>3</td><td>interest payments on long-term debt ( 2 )</td><td>9103</td><td>1172</td><td>2166</td><td>1719</td><td>4046</td><td>2014</td><td>n/a</td></tr><tr><td>4</td><td>capital lease obligations</td><td>18</td><td>2</td><td>2</td><td>2</td><td>12</td><td>2014</td><td>11</td></tr><tr><td>5</td><td>operating lease obligations</td><td>935</td><td>58</td><td>116</td><td>117</td><td>644</td><td>2014</td><td>11</td></tr><tr><td>6</td><td>electricity obligations</td><td>4501</td><td>581</td><td>948</td><td>907</td><td>2065</td><td>2014</td><td>11</td></tr><tr><td>7</td><td>fuel obligations</td><td>5859</td><td>1759</td><td>1642</td><td>992</td><td>1466</td><td>2014</td><td>11</td></tr><tr><td>8</td><td>other purchase obligations</td><td>4984</td><td>1488</td><td>1401</td><td>781</td><td>1314</td><td>2014</td><td>11</td></tr><tr><td>9</td><td>other long-term liabilities reflected on aes' consolidated balance sheet under gaap ( 3 )</td><td>701</td><td>2014</td><td>284</td><td>118</td><td>277</td><td>22</td><td>n/a</td></tr><tr><td>10</td><td>total</td><td>$ 46505</td><td>$ 7310</td><td>$ 8990</td><td>$ 9639</td><td>$ 20544</td><td>$ 22</td><td>-</td></tr></table> _____________________________ ( 1 ) includes recourse and non-recourse debt presented on the consolidated balance sheet . these amounts exclude capital lease obligations which are included in the capital lease category . ( 2 ) interest payments are estimated based on final maturity dates of debt securities outstanding at december 31 , 2017 and do not reflect anticipated future refinancing , early redemptions or new debt issuances . variable rate interest obligations are estimated based on rates as of december 31 , 2017 . ( 3 ) these amounts do not include current liabilities on the consolidated balance sheet except for the current portion of uncertain tax obligations . noncurrent uncertain tax obligations are reflected in the \"other\" column of the table above as the company is not able to reasonably estimate the timing of the future payments . in addition , these amounts do not include : ( 1 ) regulatory liabilities ( see note 9 2014regulatory assets and liabilities ) , ( 2 ) contingencies ( see note 12 2014contingencies ) , ( 3 ) pension and other postretirement employee benefit liabilities ( see note 13 2014benefit plans ) , ( 4 ) derivatives and incentive compensation ( see note 5 2014derivative instruments and hedging activities ) or ( 5 ) any taxes ( see note 20 2014income taxes ) except for uncertain tax obligations , as the company is not able to reasonably estimate the timing of future payments . see the indicated notes to the consolidated financial statements included in item 8 of this form 10-k for additional information on the items excluded . ( 4 ) for further information see the note referenced below in item 8 . 2014financial statements and supplementary data of this form 10-k. .\nQuestion: what are total debt obligations?\n" }, { "role": "agent", "content": "20404.0" } ]
CONVFINQA1328	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndevon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>canada</td><td>total</td></tr><tr><td>2</td><td>proved undeveloped reserves as of december 31 2012</td><td>407</td><td>433</td><td>840</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>57</td><td>38</td><td>95</td></tr><tr><td>4</td><td>revisions due to prices</td><td>1</td><td>-10 ( 10 )</td><td>-9 ( 9 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-91 ( 91 )</td><td>13</td><td>-78 ( 78 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-116 ( 116 )</td><td>-31 ( 31 )</td><td>-147 ( 147 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2013</td><td>258</td><td>443</td><td>701</td></tr></table> at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves . this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves . costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s . onshore dry-gas areas , which devon does not expect to develop in the next five years . the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas . a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations . at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends though the year 2031 . price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices . of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area . 2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices . of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area . 2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices . the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves . revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .\nQuestion: what is the balance of proved undeveloped reserves in 2012 in us?\nAnswer: 407.0\nQuestion: what about int 2013?\nAnswer: 258.0\nQuestion: what is the net change?\nAnswer: 149.0\nQuestion: what fraction change does this represent?\nAnswer: 0.36609\nQuestion: what about percentage change?\n" }, { "role": "agent", "content": "36.60934" } ]
CONVFINQA4445	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 minority partner approves the annual budget , receives a detailed monthly reporting package from us , meets with us on a quarterly basis to review the results of the joint venture , reviews and approves the joint venture 2019s tax return before filing , and approves all leases that cover more than a nominal amount of space relative to the total rentable space at each property we do not consolidate the joint venture as we consider these to be substantive participation rights . our joint venture agreements also contain certain pro- tective rights such as the requirement of partner approval to sell , finance or refinance the property and the payment of capital expenditures and operating expenditures outside of the approved budget or operating plan . the table below provides general information on each joint venture as of december 31 , 2009 ( in thousands ) : property partner ownership interest economic interest square feet acquired acquisition price ( 1 ) 1221 avenue of the americas ( 2 ) rgii 45.00% ( 45.00 % ) 45.00% ( 45.00 % ) 2550 12/03 $ 1000000 1515 broadway ( 3 ) sitq 55.00% ( 55.00 % ) 68.45% ( 68.45 % ) 1750 05/02 $ 483500 . <table class='wikitable'><tr><td>1</td><td>property</td><td>partner</td><td>ownership interest</td><td>economic interest</td><td>square feet</td><td>acquired</td><td>acquisition price ( 1 )</td></tr><tr><td>2</td><td>1221 avenue of the americas ( 2 )</td><td>rgii</td><td>45.00% ( 45.00 % )</td><td>45.00% ( 45.00 % )</td><td>2550</td><td>12/03</td><td>$ 1000000</td></tr><tr><td>3</td><td>1515 broadway ( 3 )</td><td>sitq</td><td>55.00% ( 55.00 % )</td><td>68.45% ( 68.45 % )</td><td>1750</td><td>05/02</td><td>$ 483500</td></tr><tr><td>4</td><td>100 park avenue</td><td>prudential</td><td>49.90% ( 49.90 % )</td><td>49.90% ( 49.90 % )</td><td>834</td><td>02/00</td><td>$ 95800</td></tr><tr><td>5</td><td>379 west broadway</td><td>sutton</td><td>45.00% ( 45.00 % )</td><td>45.00% ( 45.00 % )</td><td>62</td><td>12/05</td><td>$ 19750</td></tr><tr><td>6</td><td>21 west 34thstreet ( 4 )</td><td>sutton</td><td>50.00% ( 50.00 % )</td><td>50.00% ( 50.00 % )</td><td>30</td><td>07/05</td><td>$ 22400</td></tr><tr><td>7</td><td>800 third avenue ( 5 )</td><td>private investors</td><td>42.95% ( 42.95 % )</td><td>42.95% ( 42.95 % )</td><td>526</td><td>12/06</td><td>$ 285000</td></tr><tr><td>8</td><td>521 fifth avenue</td><td>cif</td><td>50.10% ( 50.10 % )</td><td>50.10% ( 50.10 % )</td><td>460</td><td>12/06</td><td>$ 240000</td></tr><tr><td>9</td><td>one court square</td><td>jp morgan</td><td>30.00% ( 30.00 % )</td><td>30.00% ( 30.00 % )</td><td>1402</td><td>01/07</td><td>$ 533500</td></tr><tr><td>10</td><td>1604-1610 broadway ( 6 )</td><td>onyx/sutton</td><td>45.00% ( 45.00 % )</td><td>63.00% ( 63.00 % )</td><td>30</td><td>11/05</td><td>$ 4400</td></tr><tr><td>11</td><td>1745 broadway ( 7 )</td><td>witkoff/sitq/lehman bros .</td><td>32.26% ( 32.26 % )</td><td>32.26% ( 32.26 % )</td><td>674</td><td>04/07</td><td>$ 520000</td></tr><tr><td>12</td><td>1 and 2 jericho plaza</td><td>onyx/credit suisse</td><td>20.26% ( 20.26 % )</td><td>20.26% ( 20.26 % )</td><td>640</td><td>04/07</td><td>$ 210000</td></tr><tr><td>13</td><td>2 herald square ( 8 )</td><td>gramercy</td><td>55.00% ( 55.00 % )</td><td>55.00% ( 55.00 % )</td><td>354</td><td>04/07</td><td>$ 225000</td></tr><tr><td>14</td><td>885 third avenue ( 9 )</td><td>gramercy</td><td>55.00% ( 55.00 % )</td><td>55.00% ( 55.00 % )</td><td>607</td><td>07/07</td><td>$ 317000</td></tr><tr><td>15</td><td>16 court street</td><td>cif</td><td>35.00% ( 35.00 % )</td><td>35.00% ( 35.00 % )</td><td>318</td><td>07/07</td><td>$ 107500</td></tr><tr><td>16</td><td>the meadows ( 10 )</td><td>onyx</td><td>50.00% ( 50.00 % )</td><td>50.00% ( 50.00 % )</td><td>582</td><td>09/07</td><td>$ 111500</td></tr><tr><td>17</td><td>388 and 390 greenwich street ( 11 )</td><td>sitq</td><td>50.60% ( 50.60 % )</td><td>50.60% ( 50.60 % )</td><td>2600</td><td>12/07</td><td>$ 1575000</td></tr><tr><td>18</td><td>27-29 west 34thstreet ( 12 )</td><td>sutton</td><td>50.00% ( 50.00 % )</td><td>50.00% ( 50.00 % )</td><td>41</td><td>01/06</td><td>$ 30000</td></tr><tr><td>19</td><td>1551-1555 broadway ( 13 )</td><td>sutton</td><td>10.00% ( 10.00 % )</td><td>10.00% ( 10.00 % )</td><td>26</td><td>07/05</td><td>$ 80100</td></tr><tr><td>20</td><td>717 fifth avenue ( 14 )</td><td>sutton/nakash</td><td>32.75% ( 32.75 % )</td><td>32.75% ( 32.75 % )</td><td>120</td><td>09/06</td><td>$ 251900</td></tr></table> the meadows ( 10 ) onyx 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 582 09/07 $ 111500 388 and 390 greenwich street ( 11 ) sitq 50.60% ( 50.60 % ) 50.60% ( 50.60 % ) 2600 12/07 $ 1575000 27 201329 west 34th street ( 12 ) sutton 50.00% ( 50.00 % ) 50.00% ( 50.00 % ) 41 01/06 $ 30000 1551 20131555 broadway ( 13 ) sutton 10.00% ( 10.00 % ) 10.00% ( 10.00 % ) 26 07/05 $ 80100 717 fifth avenue ( 14 ) sutton/nakash 32.75% ( 32.75 % ) 32.75% ( 32.75 % ) 120 09/06 $ 251900 ( 1 ) acquisition price represents the actual or implied purchase price for the joint venture . ( 2 ) we acquired our interest from the mcgraw-hill companies , or mhc . mhc is a tenant at the property and accounted for approximately 14.7% ( 14.7 % ) of the property 2019s annualized rent at december 31 , 2009 . we do not manage this joint venture . ( 3 ) under a tax protection agreement established to protect the limited partners of the partnership that transferred 1515 broadway to the joint venture , the joint venture has agreed not to adversely affect the limited partners 2019 tax positions before december 2011 . one tenant , whose leases primarily ends in 2015 , represents approximately 77.4% ( 77.4 % ) of this joint venture 2019s annualized rent at december 31 , 2009 . ( 4 ) effective november 2006 , we deconsolidated this investment . as a result of the recapitalization of the property , we were no longer the primary beneficiary . both partners had the same amount of equity at risk and neither partner controlled the joint venture . ( 5 ) we invested approximately $ 109.5 million in this asset through the origination of a loan secured by up to 47% ( 47 % ) of the interests in the property 2019s ownership , with an option to convert the loan to an equity interest . certain existing members have the right to re-acquire approximately 4% ( 4 % ) of the property 2019s equity . these interests were re-acquired in december 2008 and reduced our interest to 42.95% ( 42.95 % ) ( 6 ) effective april 2007 , we deconsolidated this investment . as a result of the recapitalization of the property , we were no longer the primary beneficiary . both partners had the same amount of equity at risk and neither partner controlled the joint venture . ( 7 ) we have the ability to syndicate our interest down to 14.79% ( 14.79 % ) . ( 8 ) we , along with gramercy , together as tenants-in-common , acquired a fee interest in 2 herald square . the fee interest is subject to a long-term operating lease . ( 9 ) we , along with gramercy , together as tenants-in-common , acquired a fee and leasehold interest in 885 third avenue . the fee and leasehold interests are subject to a long-term operating lease . ( 10 ) we , along with onyx acquired the remaining 50% ( 50 % ) interest on a pro-rata basis in september 2009 . ( 11 ) the property is subject to a 13-year triple-net lease arrangement with a single tenant . ( 12 ) effective may 2008 , we deconsolidated this investment . as a result of the recapitalization of the property , we were no longer the primary beneficiary . both partners had the same amount of equity at risk and neither partner controlled the joint venture . ( 13 ) effective august 2008 , we deconsolidated this investment . as a result of the sale of 80% ( 80 % ) of our interest , the joint venture was no longer a vie . ( 14 ) effective september 2008 , we deconsolidated this investment . as a result of the recapitalization of the property , we were no longer the primary beneficiary. .\nQuestion: what is the acquisition price times 1000 for 1745 broadway?\n" }, { "role": "agent", "content": "520000000.0" } ]
CONVFINQA562	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2012 through october 29 , 2017 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 28 , 2012 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/28/12 in stock or 10/31/12 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2017 standard & poor 2019s , a division of s&p global . all rights reserved. . <table class='wikitable'><tr><td>1</td><td>-</td><td>10/28/2012</td><td>10/27/2013</td><td>10/26/2014</td><td>10/25/2015</td><td>10/30/2016</td><td>10/29/2017</td></tr><tr><td>2</td><td>applied materials</td><td>100.00</td><td>171.03</td><td>207.01</td><td>165.34</td><td>293.64</td><td>586.91</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>127.18</td><td>149.14</td><td>156.89</td><td>163.97</td><td>202.72</td></tr><tr><td>4</td><td>rdg semiconductor composite index</td><td>100.00</td><td>131.94</td><td>167.25</td><td>160.80</td><td>193.36</td><td>288.96</td></tr></table> dividends during each of fiscal 2017 , 2016 and 2015 , applied 2019s board of directors declared four quarterly cash dividends in the amount of $ 0.10 per share . applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders . 10/28/12 10/27/13 10/26/14 10/25/15 10/30/16 10/29/17 applied materials , inc . s&p 500 rdg semiconductor composite .\nQuestion: what is the net change in value of an $100 investment in applied materials from 2012 to 2015?\nAnswer: 65.34\nQuestion: what roi does this represent?\n" }, { "role": "agent", "content": "0.6534" } ]
CONVFINQA9971	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.88</td><td>$ 107.87</td><td>$ 158.07</td><td>$ 171.77</td><td>$ 160.61</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 102.11</td><td>$ 118.43</td><td>$ 156.77</td><td>$ 178.22</td><td>$ 180.67</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 100.01</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.08</td><td>$ 158.23</td></tr></table> .\nQuestion: what is the difference between the united parcel service inc. share price of 12/31/2015 and that of 12/31/2010?\nAnswer: 60.61\nQuestion: how much does that difference represents in relation to the united parcel service inc. share price of 12/31/2010?\n" }, { "role": "agent", "content": "0.6061" } ]
CONVFINQA5535	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) as of december 31 , 2006 , the company held a total of ten interest rate swap agreements to manage exposure to variable rate interest obligations under its amt opco and spectrasite credit facilities and four forward starting interest rate swap agreements to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the securitization which the company designated as cash flow hedges . the eight american tower swaps had an aggregate notional amount of $ 450.0 million and fixed rates ranging between 4.63% ( 4.63 % ) and 4.88% ( 4.88 % ) and the two spectrasite swaps have an aggregate notional amount of $ 100.0 million and a fixed rate of 4.95% ( 4.95 % ) . the four forward starting interest rate swap agreements had an aggregate notional amount of $ 900.0 million , fixed rates ranging between 4.73% ( 4.73 % ) and 5.10% ( 5.10 % ) . as of december 31 , 2006 , the company also held three interest rate swap instruments and one interest rate cap instrument that were acquired in the spectrasite , inc . merger in august 2005 and were not designated as cash flow hedges . the three interest rate swaps , which had a fair value of $ 6.7 million at the date of acquisition , have an aggregate notional amount of $ 300.0 million , a fixed rate of 3.88% ( 3.88 % ) . the interest rate cap had a notional amount of $ 175.0 million , a fixed rate of 7.0% ( 7.0 % ) , and expired in february 2006 . as of december 31 , 2006 , other comprehensive income includes unrealized gains on short term available-for-sale securities of $ 10.4 million and unrealized gains related to the interest rate swap agreements in the table above of $ 5.7 million , net of tax . during the year ended december 31 , 2006 , the company recorded a net unrealized gain of approximately $ 6.5 million ( net of a tax provision of approximately $ 3.5 million ) in other comprehensive loss for the change in fair value of interest rate swaps designated as cash flow hedges and reclassified $ 0.7 million ( net of an income tax benefit of $ 0.2 million ) into results of operations during the year ended december 31 , 2006 . 9 . commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are recognized on a straight-line basis over the non-cancelable term of the lease . ( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2007 are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 217969</td></tr><tr><td>2</td><td>2009</td><td>215763</td></tr><tr><td>3</td><td>2010</td><td>208548</td></tr><tr><td>4</td><td>2011</td><td>199024</td></tr><tr><td>5</td><td>2012</td><td>190272</td></tr><tr><td>6</td><td>thereafter</td><td>2451496</td></tr><tr><td>7</td><td>total</td><td>$ 3483072</td></tr></table> aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2007 , 2006 and 2005 approximated $ 246.4 million , $ 237.0 million and $ 168.7 million , respectively. .\nQuestion: what was the aggregate rent expense in 2007?\n" }, { "role": "agent", "content": "246.4" } ]
CONVFINQA1681	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2007 annual report 39 corporate snap-on 2019s general corporate expenses totaled $ 53.8 million in 2006 , up from $ 46.4 million in 2005 , primarily due to $ 15.2 million of increased stock-based and performance-based incentive compensation , including $ 6.3 million from the january 1 , 2006 , adoption of sfas no . 123 ( r ) . increased expenses in 2006 also included $ 4.2 million of higher insurance and other costs . these expense increases were partially offset by $ 9.5 million of benefits from rci initiatives . see note 13 to the consolidated financial statements for information on the company 2019s adoption of sfas no . 123 ( r ) . financial condition snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing . snap-on believes that its cash from operations , coupled with its sources of borrowings , are sufficient to fund its anticipated requirements for working capital , capital expenditures , restructuring activities , acquisitions , common stock repurchases and dividend payments . due to snap-on 2019s credit rating over the years , external funds have been available at a reasonable cost . as of the close of business on february 15 , 2008 , snap-on 2019s long-term debt and commercial paper was rated a3 and p-2 by moody 2019s investors service and a- and a-2 by standard & poor 2019s . snap-on believes that the strength of its balance sheet , combined with its cash flows from operating activities , affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions . the following discussion focuses on information included in the accompanying consolidated balance sheets . snap-on has been focused on improving asset utilization by making more effective use of its investment in certain working capital items . the company assesses management 2019s operating performance and effectiveness relative to those components of working capital , particularly accounts receivable and inventories , that are more directly impacted by operational decisions . as of december 29 , 2007 , working capital ( current assets less current liabilities ) of $ 548.2 million was up $ 117.0 million from $ 431.2 million as of december 30 , 2006 . the increase in year-over-year working capital primarily reflects higher levels of 201ccash and cash equivalents 201d of $ 29.6 million , lower 201cnotes payable and current maturities of long-term debt 201d of $ 27.7 million , and $ 27.7 million of increased 201caccounts receivable 2013 net of allowances . 201d the following represents the company 2019s working capital position as of december 29 , 2007 , and december 30 , 2006 . ( amounts in millions ) 2007 2006 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions ) ad</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 93.0</td><td>$ 63.4</td></tr><tr><td>3</td><td>accounts receivable 2013 net of allowances</td><td>586.9</td><td>559.2</td></tr><tr><td>4</td><td>inventories</td><td>322.4</td><td>323.0</td></tr><tr><td>5</td><td>other current assets</td><td>185.1</td><td>167.6</td></tr><tr><td>6</td><td>total current assets</td><td>1187.4</td><td>1113.2</td></tr><tr><td>7</td><td>accounts payable</td><td>-171.6 ( 171.6 )</td><td>-178.8 ( 178.8 )</td></tr><tr><td>8</td><td>notes payable and current maturities of long-term debt</td><td>-15.9 ( 15.9 )</td><td>-43.6 ( 43.6 )</td></tr><tr><td>9</td><td>other current liabilities</td><td>-451.7 ( 451.7 )</td><td>-459.6 ( 459.6 )</td></tr><tr><td>10</td><td>total current liabilities</td><td>-639.2 ( 639.2 )</td><td>-682.0 ( 682.0 )</td></tr><tr><td>11</td><td>total working capital</td><td>$ 548.2</td><td>$ 431.2</td></tr></table> accounts receivable at the end of 2007 was $ 586.9 million , up $ 27.7 million from year-end 2006 levels . the year-over- year increase in accounts receivable primarily reflects the impact of higher sales in the fourth quarter of 2007 and $ 25.1 million of currency translation . this increase in accounts receivable was partially offset by lower levels of receivables as a result of an improvement in days sales outstanding from 76 days at year-end 2006 to 73 days at year-end 2007. .\nQuestion: what was the total current assets in 2007?\nAnswer: 1187.4\nQuestion: and for 2006?\nAnswer: 1113.2\nQuestion: what was the difference in this value between the two years?\n" }, { "role": "agent", "content": "74.2" } ]
CONVFINQA689	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2005 , we amended our $ 1.0 billion unsecured revolving credit facility to extend its maturity date from march 27 , 2008 to march 27 , 2010 , and reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) and the commitment fee to 0.2% ( 0.2 % ) of the undrawn portion of the facility at december 31 , 2005 . in addition , in 2005 , we entered into two $ 100.0 million unsecured term loans , due 2010 , at an effective interest rate of libor plus 0.8% ( 0.8 % ) at december 31 , 2005 . during 2004 , we entered into an eight-year , $ 225.0 million unse- cured term loan , at libor plus 1.75% ( 1.75 % ) , which was amended in 2005 to reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) at december 31 , 2005 . the liquid yield option 2122 notes and the zero coupon convertible notes are unsecured zero coupon bonds with yields to maturity of 4.875% ( 4.875 % ) and 4.75% ( 4.75 % ) , respectively , due 2021 . each liquid yield option 2122 note and zero coupon convertible note was issued at a price of $ 381.63 and $ 391.06 , respectively , and will have a principal amount at maturity of $ 1000 . each liquid yield option 2122 note and zero coupon convertible note is convertible at the option of the holder into 11.7152 and 15.6675 shares of common stock , respec- tively , if the market price of our common stock reaches certain lev- els . these conditions were met at december 31 , 2005 and 2004 for the zero coupon convertible notes and at december 31 , 2004 for the liquid yield option 2122 notes . since february 2 , 2005 , we have the right to redeem the liquid yield option 2122 notes and commencing on may 18 , 2006 , we will have the right to redeem the zero coupon con- vertible notes at their accreted values for cash as a whole at any time , or from time to time in part . holders may require us to pur- chase any outstanding liquid yield option 2122 notes at their accreted value on february 2 , 2011 and any outstanding zero coupon con- vertible notes at their accreted value on may 18 , 2009 and may 18 , 2014 . we may choose to pay the purchase price in cash or common stock or a combination thereof . during 2005 , holders of our liquid yield option 2122 notes and zero coupon convertible notes converted approximately $ 10.4 million and $ 285.0 million , respectively , of the accreted value of these notes into approximately 0.3 million and 9.4 million shares , respec- tively , of our common stock and cash for fractional shares . in addi- tion , we called for redemption $ 182.3 million of the accreted bal- ance of outstanding liquid yield option 2122 notes . most holders of the liquid yield option 2122 notes elected to convert into shares of our common stock , rather than redeem for cash , resulting in the issuance of approximately 4.5 million shares . during 2005 , we prepaid a total of $ 297.0 million on a term loan secured by a certain celebrity ship and on a variable rate unsecured term loan . in 1996 , we entered into a $ 264.0 million capital lease to finance splendour of the seas and in 1995 we entered into a $ 260.0 million capital lease to finance legend of the seas . during 2005 , we paid $ 335.8 million in connection with the exercise of purchase options on these capital lease obligations . under certain of our agreements , the contractual interest rate and commitment fee vary with our debt rating . the unsecured senior notes and senior debentures are not redeemable prior to maturity . our debt agreements contain covenants that require us , among other things , to maintain minimum net worth and fixed charge cov- erage ratio and limit our debt to capital ratio . we are in compliance with all covenants as of december 31 , 2005 . following is a schedule of annual maturities on long-term debt as of december 31 , 2005 for each of the next five years ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>2006</td><td>$ 600883</td></tr><tr><td>2</td><td>2007</td><td>329493</td></tr><tr><td>3</td><td>2008</td><td>245257</td></tr><tr><td>4</td><td>2009 ( 1 )</td><td>361449</td></tr><tr><td>5</td><td>2010</td><td>687376</td></tr></table> 1 the $ 137.9 million accreted value of the zero coupon convertible notes at december 31 , 2005 is included in year 2009 . the holders of our zero coupon convertible notes may require us to purchase any notes outstanding at an accreted value of $ 161.7 mil- lion on may 18 , 2009 . this accreted value was calculated based on the number of notes outstanding at december 31 , 2005 . we may choose to pay any amounts in cash or common stock or a combination thereof . note 6 . shareholders 2019 equity on september 25 , 2005 , we announced that we and an investment bank had finalized a forward sale agreement relating to an asr transaction . as part of the asr transaction , we purchased 5.5 million shares of our common stock from the investment bank at an initial price of $ 45.40 per share . total consideration paid to repurchase such shares , including commissions and other fees , was approxi- mately $ 249.1 million and was recorded in shareholders 2019 equity as a component of treasury stock . the forward sale contract matured in february 2006 . during the term of the forward sale contract , the investment bank purchased shares of our common stock in the open market to settle its obliga- tion related to the shares borrowed from third parties and sold to us . upon settlement of the contract , we received 218089 additional shares of our common stock . these incremental shares will be recorded in shareholders 2019 equity as a component of treasury stock in the first quarter of 2006 . our employee stock purchase plan ( 201cespp 201d ) , which has been in effect since january 1 , 1994 , facilitates the purchase by employees of up to 800000 shares of common stock . offerings to employees are made on a quarterly basis . subject to certain limitations , the pur- chase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the pur- chase period and the last business day of each month of the pur- chase period . shares of common stock of 14476 , 13281 and 21280 38 royal caribbean cruises ltd . notes to the consolidated financial statements ( continued ) .\nQuestion: what was the debt maturity value in 2010?\nAnswer: 687376.0\nQuestion: what was the value in 2006?\nAnswer: 600883.0\nQuestion: what is the ratio of 2010 to 2006?\nAnswer: 1.14394\nQuestion: what is that times 100?\n" }, { "role": "agent", "content": "114.39432" } ]
CONVFINQA3828	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 years ended december 31 , 2008 , 2007 and 2006 , due to ineffectiveness and amounts excluded from the assessment of hedge effectiveness , was not significant . for contracts outstanding at december 31 , 2008 , we have an obligation to purchase u.s . dollars and sell euros , japanese yen , british pounds , canadian dollars , australian dollars and korean won and purchase swiss francs and sell u.s . dollars at set maturity dates ranging from january 2009 through june 2011 . the notional amounts of outstanding forward contracts entered into with third parties to purchase u.s . dollars at december 31 , 2008 were $ 1343.0 million . the notional amounts of outstanding forward contracts entered into with third parties to purchase swiss francs at december 31 , 2008 were $ 207.5 million . the fair value of outstanding derivative instruments recorded on the balance sheet at december 31 , 2008 , together with settled derivatives where the hedged item has not yet affected earnings , was a net unrealized gain of $ 32.7 million , or $ 33.0 million net of taxes , which is deferred in other comprehensive income , of which $ 16.4 million , or $ 17.9 million , net of taxes , is expected to be reclassified to earnings over the next twelve months . we also enter into foreign currency forward exchange contracts with terms of one month to manage currency exposures for assets and liabilities denominated in a currency other than an entity 2019s functional currency . as a result , any foreign currency remeasurement gains/losses recognized in earnings under sfas no . 52 , 201cforeign currency translation , 201d are generally offset with gains/losses on the foreign currency forward exchange contracts in the same reporting period . other comprehensive income 2013 other comprehensive income refers to revenues , expenses , gains and losses that under generally accepted accounting principles are included in comprehensive income but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders 2019 equity . other comprehensive income is comprised of foreign currency translation adjustments , unrealized foreign currency hedge gains and losses , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions . in 2006 we adopted sfas 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans 2013 an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) . 201d this statement required recognition of the funded status of our benefit plans in the statement of financial position and recognition of certain deferred gains or losses in other comprehensive income . we recorded an unrealized loss of $ 35.4 million in other comprehensive income during 2006 related to the adoption of sfas 158 . the components of accumulated other comprehensive income are as follows ( in millions ) : balance at december 31 , comprehensive income ( loss ) balance at december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>balance at december 31 2007</td><td>other comprehensive income ( loss )</td><td>balance at december 31 2008</td></tr><tr><td>2</td><td>foreign currency translation</td><td>$ 368.8</td><td>$ -49.4 ( 49.4 )</td><td>$ 319.4</td></tr><tr><td>3</td><td>foreign currency hedges</td><td>-45.4 ( 45.4 )</td><td>78.4</td><td>33.0</td></tr><tr><td>4</td><td>unrealized gain/ ( loss ) on securities</td><td>-1.9 ( 1.9 )</td><td>0.6</td><td>-1.3 ( 1.3 )</td></tr><tr><td>5</td><td>unrecognized prior service cost and unrecognized gain/ ( loss ) in actuarial assumptions</td><td>-31.2 ( 31.2 )</td><td>-79.9 ( 79.9 )</td><td>-111.1 ( 111.1 )</td></tr><tr><td>6</td><td>accumulated other comprehensive income</td><td>$ 290.3</td><td>$ -50.3 ( 50.3 )</td><td>$ 240.0</td></tr></table> during 2008 , we reclassified an investment previously accounted for under the equity method to an available-for-sale investment as we no longer exercised significant influence over the third-party investee . the investment was marked-to- market in accordance with sfas 115 , 201caccounting for certain investments in debt and equity securities , 201d resulting in a net unrealized gain of $ 23.8 million recorded in other comprehensive income for 2008 . this unrealized gain was reclassified to the income statement when we sold this investment in 2008 for total proceeds of $ 54.9 million and a gross realized gain of $ 38.8 million included in interest and other income . the basis of these securities was determined based on the consideration paid at the time of acquisition . treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of shareholders equity . we may reissue common stock held in treasury only for limited purposes . accounting pronouncements 2013 in september 2006 , the fasb issued sfas no . 157 , 201cfair value measurements , 201d which defines fair value , establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements . this statement does not require any new fair value measurements , but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information . sfas no . 157 is effective for financial statements issued for fiscal years beginning after november 15 , 2007 and interim periods within those fiscal years . in february 2008 , the fasb issued fasb staff position ( fsp ) no . sfas 157-2 , which delays the effective date of certain provisions of sfas no . 157 relating to non-financial assets and liabilities measured at fair value on a non-recurring basis until fiscal years beginning after november 15 , 2008 . the full adoption of sfas no . 157 is not expected to have a material impact on our consolidated financial statements or results of operations . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg* transmitting job : c48761 pcn : 046000000 *%%pcmsg\|46 \|00009\|yes\|no\|02/24/2009 19:24\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: what was unrecognized prior service cost and unrecognized gain/ ( loss ) in actuarial assumptions at the end of 2008?\nAnswer: 111.1\nQuestion: what was accumulated other comprehensive income at the end of 2008?\nAnswer: 240.0\nQuestion: what is the sum?\nAnswer: 351.1\nQuestion: what was accumulated other comprehensive income at the end of 2008?\n" }, { "role": "agent", "content": "240.0" } ]
CONVFINQA802	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance , including rail grinding , are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.1 billion for 2012 , $ 2.2 billion for 2011 , and $ 2.0 billion for 2010 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2012</td><td>dec . 312011</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 825</td><td>$ 819</td></tr><tr><td>3</td><td>accrued wages and vacation</td><td>376</td><td>363</td></tr><tr><td>4</td><td>income and other taxes</td><td>368</td><td>482</td></tr><tr><td>5</td><td>dividends payable</td><td>318</td><td>284</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>213</td><td>249</td></tr><tr><td>7</td><td>interest payable</td><td>172</td><td>197</td></tr><tr><td>8</td><td>equipment rents payable</td><td>95</td><td>90</td></tr><tr><td>9</td><td>other</td><td>556</td><td>624</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 2923</td><td>$ 3108</td></tr></table> .\nQuestion: what was the value of equipment rents payable in 2012?\n" }, { "role": "agent", "content": "95.0" } ]
CONVFINQA1060	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncgmhi also has substantial borrowing arrangements consisting of facilities that cgmhi has been advised are available , but where no contractual lending obligation exists . these arrangements are reviewed on an ongoing basis to ensure flexibility in meeting cgmhi 2019s short-term requirements . the company issues both fixed and variable rate debt in a range of currencies . it uses derivative contracts , primarily interest rate swaps , to effectively convert a portion of its fixed rate debt to variable rate debt and variable rate debt to fixed rate debt . the maturity structure of the derivatives generally corresponds to the maturity structure of the debt being hedged . in addition , the company uses other derivative contracts to manage the foreign exchange impact of certain debt issuances . at december 31 , 2008 , the company 2019s overall weighted average interest rate for long-term debt was 3.83% ( 3.83 % ) on a contractual basis and 4.19% ( 4.19 % ) including the effects of derivative contracts . aggregate annual maturities of long-term debt obligations ( based on final maturity dates ) including trust preferred securities are as follows : in millions of dollars 2009 2010 2011 2012 2013 thereafter . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>thereafter</td></tr><tr><td>2</td><td>citigroup parent company</td><td>$ 13463</td><td>$ 17500</td><td>$ 19864</td><td>$ 21135</td><td>$ 17525</td><td>$ 102794</td></tr><tr><td>3</td><td>other citigroup subsidiaries</td><td>55853</td><td>16198</td><td>18607</td><td>2718</td><td>4248</td><td>11691</td></tr><tr><td>4</td><td>citigroup global markets holdings inc .</td><td>1524</td><td>2352</td><td>1487</td><td>2893</td><td>392</td><td>11975</td></tr><tr><td>5</td><td>citigroup funding inc .</td><td>17632</td><td>5381</td><td>2154</td><td>1253</td><td>3790</td><td>7164</td></tr><tr><td>6</td><td>total</td><td>$ 88472</td><td>$ 41431</td><td>$ 42112</td><td>$ 27999</td><td>$ 25955</td><td>$ 133624</td></tr></table> long-term debt at december 31 , 2008 and december 31 , 2007 includes $ 24060 million and $ 23756 million , respectively , of junior subordinated debt . the company formed statutory business trusts under the laws of the state of delaware . the trusts exist for the exclusive purposes of ( i ) issuing trust securities representing undivided beneficial interests in the assets of the trust ; ( ii ) investing the gross proceeds of the trust securities in junior subordinated deferrable interest debentures ( subordinated debentures ) of its parent ; and ( iii ) engaging in only those activities necessary or incidental thereto . upon approval from the federal reserve , citigroup has the right to redeem these securities . citigroup has contractually agreed not to redeem or purchase ( i ) the 6.50% ( 6.50 % ) enhanced trust preferred securities of citigroup capital xv before september 15 , 2056 , ( ii ) the 6.45% ( 6.45 % ) enhanced trust preferred securities of citigroup capital xvi before december 31 , 2046 , ( iii ) the 6.35% ( 6.35 % ) enhanced trust preferred securities of citigroup capital xvii before march 15 , 2057 , ( iv ) the 6.829% ( 6.829 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xviii before june 28 , 2047 , ( v ) the 7.250% ( 7.250 % ) enhanced trust preferred securities of citigroup capital xix before august 15 , 2047 , ( vi ) the 7.875% ( 7.875 % ) enhanced trust preferred securities of citigroup capital xx before december 15 , 2067 , and ( vii ) the 8.300% ( 8.300 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xxi before december 21 , 2067 unless certain conditions , described in exhibit 4.03 to citigroup 2019s current report on form 8-k filed on september 18 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on november 28 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on march 8 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on july 2 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on august 17 , 2007 , in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on november 27 , 2007 , and in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on december 21 , 2007 , respectively , are met . these agreements are for the benefit of the holders of citigroup 2019s 6.00% ( 6.00 % ) junior subordinated deferrable interest debentures due 2034 . citigroup owns all of the voting securities of these subsidiary trusts . these subsidiary trusts have no assets , operations , revenues or cash flows other than those related to the issuance , administration and repayment of the subsidiary trusts and the subsidiary trusts 2019 common securities . these subsidiary trusts 2019 obligations are fully and unconditionally guaranteed by citigroup. .\nQuestion: in 2009, what percentage of the total due aggregate annual maturities of long-term debt obligations ( based on final maturity dates ), including trust preferred securities, were related to citigroup funding inc .?\nAnswer: 0.19929\nQuestion: and three years later, in 2012, what were those total aggregate annual maturities of long-term debt obligations?\nAnswer: 27999.0\nQuestion: what were they in 2011?\nAnswer: 42112.0\nQuestion: what was, then, the change over the year?\n" }, { "role": "agent", "content": "-14113.0" } ]
CONVFINQA5132	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 74 notes to five year summary ( a ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) . ( b ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) . also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) . these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) . ( c ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) . ( d ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) . in 2002 , the corporation adopted fas 142 which prohibits the amortization of goodwill . ( e ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 973 million , $ 651 million after tax ( $ 1.50 per share ) . also includes a gain from the disposal of a business and charges for the corporation 2019s exit from its global telecommunications services business which is included in discontinued operations and which , on a combined basis , increased the net loss by $ 1 billion ( $ 2.38 per share ) . ( f ) the corporation defines return on invested capital ( roic ) as net income plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back the minimum pension liability . the adjustment to add back the minimum pension liability is a revision to our calculation in 2005 , which the corporation believes more closely links roic to management performance . further , the corporation believes that reporting roic provides investors with greater visibility into how effectively lockheed martin uses the capital invested in its operations . the corporation uses roic to evaluate multi-year investment decisions and as a long-term performance measure , and also uses roic as a factor in evaluating management performance under certain incentive compensation plans . roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner . roic should not be considered in isola- tion or as an alternative to net earnings as an indicator of performance . the following calculations of roic reflect the revision to the calculation discussed above for all periods presented . ( in millions ) 2005 2004 2003 2002 2001 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2005</td><td>2004</td><td>2003</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>net earnings</td><td>$ 1825</td><td>$ 1266</td><td>$ 1053</td><td>$ 500</td><td>$ -1046 ( 1046 )</td></tr><tr><td>3</td><td>interest expense ( multiplied by 65% ( 65 % ) ) 1</td><td>241</td><td>276</td><td>317</td><td>378</td><td>455</td></tr><tr><td>4</td><td>return</td><td>$ 2066</td><td>$ 1542</td><td>$ 1370</td><td>$ 878</td><td>$ -591 ( 591 )</td></tr><tr><td>5</td><td>average debt2 5</td><td>$ 5077</td><td>$ 5932</td><td>$ 6612</td><td>$ 7491</td><td>$ 8782</td></tr><tr><td>6</td><td>average equity3 5</td><td>7590</td><td>7015</td><td>6170</td><td>6853</td><td>7221</td></tr><tr><td>7</td><td>average minimum pension liability3 4 5</td><td>1545</td><td>1296</td><td>1504</td><td>341</td><td>6</td></tr><tr><td>8</td><td>average invested capital</td><td>$ 14212</td><td>$ 14243</td><td>$ 14286</td><td>$ 14685</td><td>$ 16009</td></tr><tr><td>9</td><td>return on invested capital</td><td>14.5% ( 14.5 % )</td><td>10.8% ( 10.8 % )</td><td>9.6% ( 9.6 % )</td><td>6.0% ( 6.0 % )</td><td>( 3.7 ) % ( % )</td></tr></table> 1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) . 2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) . 3 equity includes non-cash adjustments for other comprehensive losses , primarily for the additional minimum pension liability . 4 minimum pension liability values reflect the cumulative value of entries identified in our statement of stockholders equity under the caption 201cminimum pension liability . 201d the annual minimum pension liability adjustments to equity were : 2001 = ( $ 33 million ) ; 2002 = ( $ 1537 million ) ; 2003 = $ 331 million ; 2004 = ( $ 285 million ) ; 2005 = ( $ 105 million ) . as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the cur- rent year entry value . 5 yearly averages are calculated using balances at the start of the year and at the end of each quarter . lockheed martin corporation .\nQuestion: what was the increase in earnings before taxes?\nAnswer: 173.0\nQuestion: what was the increase in earnings after taxes?\nAnswer: 113.0\nQuestion: what is the difference?\nAnswer: 60.0\nQuestion: what was the increase in earnings before taxes?\n" }, { "role": "agent", "content": "173.0" } ]
CONVFINQA10989	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 114 jpmorgan chase & co./2017 annual report derivative contracts in the normal course of business , the firm uses derivative instruments predominantly for market-making activities . derivatives enable counterparties to manage exposures to fluctuations in interest rates , currencies and other markets . the firm also uses derivative instruments to manage its own credit and other market risk exposure . the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed . for otc derivatives the firm is exposed to the credit risk of the derivative counterparty . for exchange- traded derivatives ( 201cetd 201d ) , such as futures and options , and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp . where possible , the firm seeks to mitigate its credit risk exposures arising from derivative transactions through the use of legally enforceable master netting arrangements and collateral agreements . for further discussion of derivative contracts , counterparties and settlement types , see note 5 . the following table summarizes the net derivative receivables for the periods presented . derivative receivables . <table class='wikitable'><tr><td>1</td><td>december 31 ( in millions )</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>interest rate</td><td>$ 24673</td><td>$ 28302</td></tr><tr><td>3</td><td>credit derivatives</td><td>869</td><td>1294</td></tr><tr><td>4</td><td>foreign exchange</td><td>16151</td><td>23271</td></tr><tr><td>5</td><td>equity</td><td>7882</td><td>4939</td></tr><tr><td>6</td><td>commodity</td><td>6948</td><td>6272</td></tr><tr><td>7</td><td>total net of cash collateral</td><td>56523</td><td>64078</td></tr><tr><td>8</td><td>liquid securities and other cash collateral held against derivative receivables ( a )</td><td>-16108 ( 16108 )</td><td>-22705 ( 22705 )</td></tr><tr><td>9</td><td>total net of all collateral</td><td>$ 40415</td><td>$ 41373</td></tr></table> ( a ) includes collateral related to derivative instruments where an appropriate legal opinion has not been either sought or obtained . derivative receivables reported on the consolidated balance sheets were $ 56.5 billion and $ 64.1 billion at december 31 , 2017 and 2016 , respectively . derivative receivables decreased predominantly as a result of client- driven market-making activities in cib markets , which reduced foreign exchange and interest rate derivative receivables , and increased equity derivative receivables , driven by market movements . derivative receivables amounts represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm . however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s . government and agency securities and other group of seven nations ( 201cg7 201d ) government bonds ) and other cash collateral held by the firm aggregating $ 16.1 billion and $ 22.7 billion at december 31 , 2017 and 2016 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor . in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date . although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative transactions move in the firm 2019s favor . the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit . for additional information on the firm 2019s use of collateral agreements , see note 5 . while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure . to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) . these measures all incorporate netting and collateral benefits , where applicable . peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction . peak is the primary measure used by the firm for setting of credit limits for derivative transactions , senior management reporting and derivatives exposure management . dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures . dre is a less extreme measure of potential credit loss than peak and is used for aggregating derivative credit risk exposures with loans and other credit risk . finally , avg is a measure of the expected fair value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral . avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit risk capital and the cva , as further described below . the three year avg exposure was $ 29.0 billion and $ 31.1 billion at december 31 , 2017 and 2016 , respectively , compared with derivative receivables , net of all collateral , of $ 40.4 billion and $ 41.4 billion at december 31 , 2017 and 2016 , respectively . the fair value of the firm 2019s derivative receivables incorporates cva to reflect the credit quality of counterparties . cva is based on the firm 2019s avg to a counterparty and the counterparty 2019s credit spread in the credit derivatives market . the firm believes that active risk management is essential to controlling the dynamic credit risk in the derivatives portfolio . in addition , the firm 2019s risk management process takes into consideration the potential .\nQuestion: in 2017, what was the amount of the total net of cash collateral that was foreign exchange?\nAnswer: 16151.0\nQuestion: and what was that total of net of cash collateral?\n" }, { "role": "agent", "content": "56523.0" } ]
CONVFINQA6817	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years . the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2002 and assumes reinvestment of all dividends . comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/02 5/03 5/04 5/05 5/06 5/07 global payments inc . s&p 500 s&p information technology * $ 100 invested on 5/31/02 in stock or index-including reinvestment of dividends . fiscal year ending may 31 . global payments s&p 500 information technology . <table class='wikitable'><tr><td>1</td><td>-</td><td>global payments</td><td>s&p 500</td><td>s&p information technology</td></tr><tr><td>2</td><td>may 31 2002</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>may 31 2003</td><td>94.20</td><td>91.94</td><td>94.48</td></tr><tr><td>4</td><td>may 31 2004</td><td>129.77</td><td>108.79</td><td>115.24</td></tr><tr><td>5</td><td>may 31 2005</td><td>193.30</td><td>117.75</td><td>116.29</td></tr><tr><td>6</td><td>may 31 2006</td><td>260.35</td><td>127.92</td><td>117.14</td></tr><tr><td>7</td><td>may 31 2007</td><td>224.24</td><td>157.08</td><td>144.11</td></tr></table> issuer purchases of equity securities on april 5 , 2007 , our board of directors authorized repurchases of our common stock in an amount up to $ 100 million . the board has authorized us to purchase shares from time to time as market conditions permit . there is no expiration date with respect to this authorization . no amounts have been repurchased during the fiscal year ended may 31 , 2007. .\nQuestion: what was the balance of global payments in 2007?\nAnswer: 224.24\nQuestion: what is the 2007 value less 100?\n" }, { "role": "agent", "content": "124.24" } ]
CONVFINQA6896	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nprior to its adoption of sfas no . 123 ( r ) , the company recorded compensation expense for restricted stock awards on a straight-line basis over their vesting period . if an employee forfeited the award prior to vesting , the company reversed out the previously expensed amounts in the period of forfeiture . as required upon adoption of sfas no . 123 ( r ) , the company must base its accruals of compensation expense on the estimated number of awards for which the requisite service period is expected to be rendered . actual forfeitures are no longer recorded in the period of forfeiture . in 2005 , the company recorded a pre-tax credit of $ 2.8 million in cumulative effect of accounting change , that represents the amount by which compensation expense would have been reduced in periods prior to adoption of sfas no . 123 ( r ) for restricted stock awards outstanding on july 1 , 2005 that are anticipated to be forfeited . a summary of non-vested restricted stock award and restricted stock unit activity is presented below : shares ( in thousands ) weighted- average date fair . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( in thousands )</td><td>weighted- average grant date fair value</td></tr><tr><td>2</td><td>non-vested at december 31 2006:</td><td>2878</td><td>$ 13.01</td></tr><tr><td>3</td><td>issued</td><td>830</td><td>$ 22.85</td></tr><tr><td>4</td><td>released ( vested )</td><td>-514 ( 514 )</td><td>$ 15.93</td></tr><tr><td>5</td><td>canceled</td><td>-1197 ( 1197 )</td><td>$ 13.75</td></tr><tr><td>6</td><td>non-vested at december 31 2007:</td><td>1997</td><td>$ 15.91</td></tr></table> as of december 31 , 2007 , there was $ 15.3 million of total unrecognized compensation cost related to non-vested awards . this cost is expected to be recognized over a weighted-average period of 1.6 years . the total fair value of restricted shares and restricted stock units vested was $ 11.0 million , $ 7.5 million and $ 4.1 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively . employee stock purchase plan the shareholders of the company previously approved the 2002 employee stock purchase plan ( 201c2002 purchase plan 201d ) , and reserved 5000000 shares of common stock for sale to employees at a price no less than 85% ( 85 % ) of the lower of the fair market value of the common stock at the beginning of the one-year offering period or the end of each of the six-month purchase periods . under sfas no . 123 ( r ) , the 2002 purchase plan was considered compensatory . effective august 1 , 2005 , the company changed the terms of its purchase plan to reduce the discount to 5% ( 5 % ) and discontinued the look-back provision . as a result , the purchase plan was not compensatory beginning august 1 , 2005 . for the year ended december 31 , 2005 , the company recorded $ 0.4 million in compensation expense for its employee stock purchase plan for the period in which the 2002 plan was considered compensatory until the terms were changed august 1 , 2005 . at december 31 , 2007 , 757123 shares were available for purchase under the 2002 purchase plan . 401 ( k ) plan the company has a 401 ( k ) salary deferral program for eligible employees who have met certain service requirements . the company matches certain employee contributions ; additional contributions to this plan are at the discretion of the company . total contribution expense under this plan was $ 5.7 million , $ 5.7 million and $ 5.2 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively. .\nQuestion: what was the change in the total contribution expense under the plan from 2005 to 2006?\n" }, { "role": "agent", "content": "0.5" } ]
CONVFINQA9760	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nkimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined . the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type . <table class='wikitable'><tr><td>1</td><td>type</td><td>units redeemed</td><td>par value redeemed ( in millions )</td><td>redemption type</td></tr><tr><td>2</td><td>preferred a units</td><td>2200000</td><td>$ 2.2</td><td>cash</td></tr><tr><td>3</td><td>class a preferred units</td><td>2000</td><td>$ 20.0</td><td>cash</td></tr><tr><td>4</td><td>class b-1 preferred units</td><td>2438</td><td>$ 24.4</td><td>cash</td></tr><tr><td>5</td><td>class b-2 preferred units</td><td>5576</td><td>$ 55.8</td><td>cash/charitable contribution</td></tr><tr><td>6</td><td>class c downreit units</td><td>61804</td><td>$ 1.9</td><td>cash</td></tr></table> noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively . during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny . included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions . the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt . the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 . the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively . during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company . noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively . noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny . these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 . the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock . the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .\nQuestion: what was the value of preferred a units that were redeemed?\n" }, { "role": "agent", "content": "4840000.0" } ]
CONVFINQA7365	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 statutory surplus the table below sets forth statutory surplus for the company 2019s insurance companies as of december 31 , 2012 and 2011: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>u.s . life insurance subsidiaries includes domestic captive insurance subsidiaries</td><td>$ 6410</td><td>$ 7388</td></tr><tr><td>3</td><td>property and casualty insurance subsidiaries</td><td>7645</td><td>7412</td></tr><tr><td>4</td><td>total</td><td>$ 14055</td><td>$ 14800</td></tr></table> statutory capital and surplus for the u.s . life insurance subsidiaries , including domestic captive insurance subsidiaries , decreased by $ 978 , primarily due to variable annuity surplus impacts of approximately $ 425 , a $ 200 increase in reserves on a change in valuation basis , $ 200 transfer of the mutual funds business from the u.s . life insurance companies to the life holding company , and an increase in the asset valuation reserve of $ 115 . as a result of the january 2013 statutory gain from the sale of the retirement plans and individual life businesses , the company's pro forma january 2 , 2013 u.s . life statutory surplus was estimated to be $ 8.1 billion , before approximately $ 1.5 billion in extraordinary dividends and return of capital to hfsg holding company . statutory capital and surplus for the property and casualty insurance subsidiaries increased by $ 233 , primarily due to statutory net income , after tax , of $ 727 , unrealized gains of $ 249 , and an increase in statutory admitted deferred tax assets of $ 77 , capital contributions of $ 14 , and an increase of statutory admitted assets of $ 7 , partially offset by dividends to the hfsg holding company of $ 841 . both net income and dividends are net of interest payments and dividends , respectively , on an intercompany note between hartford holdings , inc . and hartford fire insurance company . the company also holds regulatory capital and surplus for its operations in japan . under the accounting practices and procedures governed by japanese regulatory authorities , the company 2019s statutory capital and surplus was $ 1.1 billion and $ 1.3 billion as of december 31 , 2012 and 2011 , respectively . statutory capital the company 2019s stockholders 2019 equity , as prepared using u.s . generally accepted accounting principles ( 201cu.s . gaap 201d ) was $ 22.4 billion as of december 31 , 2012 . the company 2019s estimated aggregate statutory capital and surplus , as prepared in accordance with the national association of insurance commissioners 2019 accounting practices and procedures manual ( 201cu.s . stat 201d ) was $ 14.1 billion as of december 31 , 2012 . significant differences between u.s . gaap stockholders 2019 equity and aggregate statutory capital and surplus prepared in accordance with u.s . stat include the following : 2022 u.s . stat excludes equity of non-insurance and foreign insurance subsidiaries not held by u.s . insurance subsidiaries . 2022 costs incurred by the company to acquire insurance policies are deferred under u.s . gaap while those costs are expensed immediately under u.s . 2022 temporary differences between the book and tax basis of an asset or liability which are recorded as deferred tax assets are evaluated for recoverability under u.s . gaap while those amounts deferred are subject to limitations under u.s . stat . 2022 the assumptions used in the determination of life benefit reserves is prescribed under u.s . stat , while the assumptions used under u.s . gaap are generally the company 2019s best estimates . the methodologies for determining life insurance reserve amounts may also be different . for example , reserving for living benefit reserves under u.s . stat is generally addressed by the commissioners 2019 annuity reserving valuation methodology and the related actuarial guidelines , while under u.s . gaap , those same living benefits may be considered embedded derivatives and recorded at fair value or they may be considered sop 03-1 reserves . the sensitivity of these life insurance reserves to changes in equity markets , as applicable , will be different between u.s . gaap and u.s . stat . 2022 the difference between the amortized cost and fair value of fixed maturity and other investments , net of tax , is recorded as an increase or decrease to the carrying value of the related asset and to equity under u.s . gaap , while u.s . stat only records certain securities at fair value , such as equity securities and certain lower rated bonds required by the naic to be recorded at the lower of amortized cost or fair value . 2022 u.s . stat for life insurance companies establishes a formula reserve for realized and unrealized losses due to default and equity risks associated with certain invested assets ( the asset valuation reserve ) , while u.s . gaap does not . also , for those realized gains and losses caused by changes in interest rates , u.s . stat for life insurance companies defers and amortizes the gains and losses , caused by changes in interest rates , into income over the original life to maturity of the asset sold ( the interest maintenance reserve ) while u.s . gaap does not . 2022 goodwill arising from the acquisition of a business is tested for recoverability on an annual basis ( or more frequently , as necessary ) for u.s . gaap , while under u.s . stat goodwill is amortized over a period not to exceed 10 years and the amount of goodwill is limited. .\nQuestion: what was the statutory surplus in 2012?\nAnswer: 14055.0\nQuestion: and what was it in 2011?\n" }, { "role": "agent", "content": "14800.0" } ]
CONVFINQA5023	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries notes to financial statements liability to $ 60 million , and recorded the $ 2.7 million difference as a credit to interest expense . the $ 60 million remaining liability was eliminated upon payment of the cash portion of the purchase price . as of december 31 , 2016 , entergy louisiana , in connection with the waterford 3 lease obligation , had a future minimum lease payment ( reflecting an interest rate of 8.09% ( 8.09 % ) ) of $ 57.5 million , including $ 2.3 million in interest , due january 2017 that is recorded as long-term debt . in february 2017 the leases were terminated and the leased assets were conveyed to entergy louisiana . grand gulf lease obligations in 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million . the initial term of the leases expired in july 2015 . system energy renewed the leases for fair market value with renewal terms expiring in july 2036 . at the end of the new lease renewal terms , system energy has the option to repurchase the leased interests in grand gulf or renew the leases at fair market value . in the event that system energy does not renew or purchase the interests , system energy would surrender such interests and their associated entitlement of grand gulf 2019s capacity and energy . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation . however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes . consistent with a recommendation contained in a ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount was a net regulatory liability of $ 55.6 million and $ 55.6 million as of december 31 , 2016 and 2015 , respectively . as of december 31 , 2016 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>2017</td><td>$ 17188</td></tr><tr><td>3</td><td>2018</td><td>17188</td></tr><tr><td>4</td><td>2019</td><td>17188</td></tr><tr><td>5</td><td>2020</td><td>17188</td></tr><tr><td>6</td><td>2021</td><td>17188</td></tr><tr><td>7</td><td>years thereafter</td><td>257812</td></tr><tr><td>8</td><td>total</td><td>343752</td></tr><tr><td>9</td><td>less : amount representing interest</td><td>309393</td></tr><tr><td>10</td><td>present value of net minimum lease payments</td><td>$ 34359</td></tr></table> .\nQuestion: what was the implicit interest rate numerically, or not in percentage?\nAnswer: 0.0513\nQuestion: and what was the total in lease payments in 2018?\n" }, { "role": "agent", "content": "17188.0" } ]
CONVFINQA5681	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nunited parcel service , inc . and subsidiaries notes to consolidated financial statements capital lease obligations we have certain property , plant and equipment subject to capital leases . some of the obligations associated with these capital leases have been legally defeased . the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>vehicles</td><td>$ 74</td><td>$ 86</td></tr><tr><td>3</td><td>aircraft</td><td>2289</td><td>2289</td></tr><tr><td>4</td><td>buildings</td><td>207</td><td>197</td></tr><tr><td>5</td><td>accumulated amortization</td><td>-849 ( 849 )</td><td>-781 ( 781 )</td></tr><tr><td>6</td><td>property plant and equipment subject to capital leases</td><td>$ 1721</td><td>$ 1791</td></tr></table> these capital lease obligations have principal payments due at various dates from 2016 through 3005 . facility notes and bonds we have entered into agreements with certain municipalities to finance the construction of , or improvements to , facilities that support our u.s . domestic package and supply chain & freight operations in the united states . these facilities are located around airport properties in louisville , kentucky ; dallas , texas ; and philadelphia , pennsylvania . under these arrangements , we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities , as follows : 2022 bonds with a principal balance of $ 149 million issued by the louisville regional airport authority associated with our worldport facility in louisville , kentucky . the bonds , which are due in january 2029 , bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.03% ( 0.03 % ) and 0.05% ( 0.05 % ) , respectively . 2022 bonds with a principal balance of $ 42 million and due in november 2036 issued by the louisville regional airport authority associated with our air freight facility in louisville , kentucky . the bonds bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.05% ( 0.05 % ) , respectively . 2022 bonds with a principal balance of $ 29 million issued by the dallas / fort worth international airport facility improvement corporation associated with our dallas , texas airport facilities . the bonds are due in may 2032 and bear interest at a variable rate , however the variable cash flows on the obligation have been swapped to a fixed 5.11% ( 5.11 % ) . 2022 bonds with a principal balance of $ 100 million issued by the delaware county , pennsylvania industrial development authority associated with our philadelphia , pennsylvania airport facilities . the bonds , which were due in december 2015 , had a variable interest rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.04% ( 0.04 % ) , respectively . as of december 2015 , these $ 100 million bonds were repaid in full . 2022 in september 2015 , we entered into an agreement with the delaware county , pennsylvania industrial development authority , associated with our philadelphia , pennsylvania airport facilities , for bonds issued with a principal balance of $ 100 million . these bonds , which are due september 2045 , bear interest at a variable rate . the average interest rate for 2015 was 0.00% ( 0.00 % ) . pound sterling notes the pound sterling notes consist of two separate tranches , as follows : 2022 notes with a principal amount of a366 million accrue interest at a 5.50% ( 5.50 % ) fixed rate , and are due in february 2031 . these notes are not callable . 2022 notes with a principal amount of a3455 million accrue interest at a 5.125% ( 5.125 % ) fixed rate , and are due in february 2050 . these notes are callable at our option at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount and accrued interest , or the sum of the present values of the remaining scheduled payout of principal and interest thereon discounted to the date of redemption at a benchmark u.k . government bond yield plus 15 basis points and accrued interest. .\nQuestion: what is the net change in property plant and equipment subject to capital leases from 2014 to 2015?\n" }, { "role": "agent", "content": "-70.0" } ]
CONVFINQA4813	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements under the regulatory framework for prompt corrective action applicable to gs bank usa , in order to meet the quantitative requirements for being a 201cwell-capitalized 201d depository institution , gs bank usa is required to maintain a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) and a tier 1 leverage ratio of at least 5% ( 5 % ) . gs bank usa agreed with the federal reserve board to maintain minimum capital ratios in excess of these 201cwell- capitalized 201d levels . accordingly , for a period of time , gs bank usa is expected to maintain a tier 1 capital ratio of at least 8% ( 8 % ) , a total capital ratio of at least 11% ( 11 % ) and a tier 1 leverage ratio of at least 6% ( 6 % ) . as noted in the table below , gs bank usa was in compliance with these minimum capital requirements as of december 2013 and december 2012 . the table below presents information regarding gs bank usa 2019s regulatory capital ratios under basel i , as implemented by the federal reserve board . the information as of december 2013 reflects the revised market risk regulatory capital requirements , which became effective on january 1 , 2013 . these changes resulted in increased regulatory capital requirements for market risk . the information as of december 2012 is prior to the implementation of these revised market risk regulatory capital requirements. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2013</td><td>as of december 2012</td></tr><tr><td>2</td><td>tier 1 capital</td><td>$ 20086</td><td>$ 20704</td></tr><tr><td>3</td><td>tier 2 capital</td><td>$ 116</td><td>$ 39</td></tr><tr><td>4</td><td>total capital</td><td>$ 20202</td><td>$ 20743</td></tr><tr><td>5</td><td>risk-weighted assets</td><td>$ 134935</td><td>$ 109669</td></tr><tr><td>6</td><td>tier 1 capital ratio</td><td>14.9% ( 14.9 % )</td><td>18.9% ( 18.9 % )</td></tr><tr><td>7</td><td>total capital ratio</td><td>15.0% ( 15.0 % )</td><td>18.9% ( 18.9 % )</td></tr><tr><td>8</td><td>tier 1 leverage ratio</td><td>16.9% ( 16.9 % )</td><td>17.6% ( 17.6 % )</td></tr></table> the revised capital framework described above is also applicable to gs bank usa , which is an advanced approach banking organization under this framework . gs bank usa has also been informed by the federal reserve board that it has completed a satisfactory parallel run , as required of advanced approach banking organizations under the revised capital framework , and therefore changes to its calculations of rwas will take effect beginning with the second quarter of 2014 . under the revised capital framework , as of january 1 , 2014 , gs bank usa became subject to a new minimum cet1 ratio requirement of 4% ( 4 % ) , increasing to 4.5% ( 4.5 % ) in 2015 . in addition , the revised capital framework changes the standards for 201cwell-capitalized 201d status under prompt corrective action regulations beginning january 1 , 2015 by , among other things , introducing a cet1 ratio requirement of 6.5% ( 6.5 % ) and increasing the tier 1 capital ratio requirement from 6% ( 6 % ) to 8% ( 8 % ) . in addition , commencing january 1 , 2018 , advanced approach banking organizations must have a supplementary leverage ratio of 3% ( 3 % ) or greater . the basel committee published its final guidelines for calculating incremental capital requirements for domestic systemically important banking institutions ( d-sibs ) . these guidelines are complementary to the framework outlined above for g-sibs . the impact of these guidelines on the regulatory capital requirements of gs bank usa will depend on how they are implemented by the banking regulators in the united states . the deposits of gs bank usa are insured by the fdic to the extent provided by law . the federal reserve board requires depository institutions to maintain cash reserves with a federal reserve bank . the amount deposited by the firm 2019s depository institution held at the federal reserve bank was approximately $ 50.39 billion and $ 58.67 billion as of december 2013 and december 2012 , respectively , which exceeded required reserve amounts by $ 50.29 billion and $ 58.59 billion as of december 2013 and december 2012 , respectively . transactions between gs bank usa and its subsidiaries and group inc . and its subsidiaries and affiliates ( other than , generally , subsidiaries of gs bank usa ) are regulated by the federal reserve board . these regulations generally limit the types and amounts of transactions ( including credit extensions from gs bank usa ) that may take place and generally require those transactions to be on market terms or better to gs bank usa . the firm 2019s principal non-u.s . bank subsidiary , gsib , is a wholly-owned credit institution , regulated by the prudential regulation authority ( pra ) and the financial conduct authority ( fca ) and is subject to minimum capital requirements . as of december 2013 and december 2012 , gsib was in compliance with all regulatory capital requirements . goldman sachs 2013 annual report 193 .\nQuestion: what is 8% divided by 100?\nAnswer: 0.0008\nQuestion: what is that value times 134935?\nAnswer: 107.948\nQuestion: what is the value of risk weighted assets at the end of 2013?\nAnswer: 134935.0\nQuestion: what is that value less the product of assets by the capital ratio?\n" }, { "role": "agent", "content": "134827.052" } ]
CONVFINQA10757	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison . interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 . ( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . ( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 . other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness . the foreign currency losses were driven primarily by the strengthening of the u.s . dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>325</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>180</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2655</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing .\nQuestion: what were net currency losses in 2014?\nAnswer: 114.0\nQuestion: what were they in 2013?\n" }, { "role": "agent", "content": "56.0" } ]
CONVFINQA4913	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain various covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to operate our businesses . the agreements that govern the indebtedness incurred or assumed in connection with the carefusion transaction contain various affirmative and negative covenants that may , subject to certain significant exceptions , restrict our ability and the ability of certain of our subsidiaries ( including carefusion ) to , among other things , have liens on their property , transact business with affiliates and/or merge or consolidate with any other person or sell or convey certain of our assets to any one person . in addition , some of the agreements that govern our indebtedness contain financial covenants that will require us to maintain certain financial ratios . our ability and the ability of our subsidiaries to comply with these provisions may be affected by events beyond our control . failure to comply with these covenants could result in an event of default , which , if not cured or waived , could accelerate our repayment obligations . item 1b . unresolved staff comments . item 2 . properties . bd 2019s executive offices are located in franklin lakes , new jersey . as of october 31 , 2016 , bd owned or leased 255 facilities throughout the world , comprising approximately 19796011 square feet of manufacturing , warehousing , administrative and research facilities . the u.s . facilities , including those in puerto rico , comprise approximately 7459856 square feet of owned and 2923257 square feet of leased space . the international facilities comprise approximately 7189652 square feet of owned and 2223245 square feet of leased space . sales offices and distribution centers included in the total square footage are also located throughout the world . operations in each of bd 2019s business segments are conducted at both u.s . and international locations . particularly in the international marketplace , facilities often serve more than one business segment and are used for multiple purposes , such as administrative/sales , manufacturing and/or warehousing/distribution . bd generally seeks to own its manufacturing facilities , although some are leased . the following table summarizes property information by business segment. . <table class='wikitable'><tr><td>1</td><td>sites</td><td>corporate</td><td>bd life sciences</td><td>bd medical</td><td>mixed ( a )</td><td>total</td></tr><tr><td>2</td><td>leased</td><td>11</td><td>19</td><td>75</td><td>92</td><td>195</td></tr><tr><td>3</td><td>owned</td><td>3</td><td>15</td><td>31</td><td>121</td><td>60</td></tr><tr><td>4</td><td>total</td><td>14</td><td>34</td><td>106</td><td>103</td><td>255</td></tr><tr><td>5</td><td>square feet</td><td>1425720</td><td>4337963</td><td>9891908</td><td>4140420</td><td>19796011</td></tr></table> ( a ) facilities used by more than one business segment . bd believes that its facilities are of good construction and in good physical condition , are suitable and adequate for the operations conducted at those facilities , and are , with minor exceptions , fully utilized and operating at normal capacity . the u.s . facilities are located in alabama , arizona , california , connecticut , florida , georgia , illinois , indiana , maryland , massachusetts , michigan , nebraska , new jersey , north carolina , ohio , oklahoma , south carolina , texas , utah , virginia , washington , d.c. , washington , wisconsin and puerto rico . the international facilities are as follows : - europe , middle east , africa , which includes facilities in austria , belgium , bosnia and herzegovina , the czech republic , denmark , england , finland , france , germany , ghana , hungary , ireland , italy , kenya , luxembourg , netherlands , norway , poland , portugal , russia , saudi arabia , south africa , spain , sweden , switzerland , turkey , the united arab emirates and zambia. .\nQuestion: what is the number of owned square feet in international facilities?\nAnswer: 7189652.0\nQuestion: what is the number of leased international square feet?\nAnswer: 2223245.0\nQuestion: what is the sum total?\nAnswer: 9412897.0\nQuestion: what is the international square feet owned?\nAnswer: 7189652.0\nQuestion: what is that divided by the total sum?\n" }, { "role": "agent", "content": "0.76381" } ]
CONVFINQA4893	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is listed and traded on the new york stock exchange under the symbol 201cipg 201d . as of february 13 , 2019 , there were approximately 10000 registered holders of our outstanding common stock . on february 13 , 2019 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.235 per share , payable on march 15 , 2019 to holders of record as of the close of business on march 1 , 2019 . although it is the board 2019s current intention to declare and pay future dividends , there can be no assurance that such additional dividends will in fact be declared and paid . any and the amount of any such declaration is at the discretion of the board and will depend upon factors such as our earnings , financial position and cash requirements . equity compensation plans see item 12 for information about our equity compensation plans . transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2018 to december 31 , 2018 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 . <table class='wikitable'><tr><td>1</td><td>-</td><td>total number ofshares ( or units ) purchased1</td><td>average price paidper share ( or unit ) 2</td><td>total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3</td><td>maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3</td></tr><tr><td>2</td><td>october 1 - 31</td><td>3824</td><td>$ 23.30</td><td>2014</td><td>$ 338421933</td></tr><tr><td>3</td><td>november 1 - 30</td><td>1750</td><td>$ 23.77</td><td>2014</td><td>$ 338421933</td></tr><tr><td>4</td><td>december 1 - 31</td><td>2014</td><td>2014</td><td>2014</td><td>$ 338421933</td></tr><tr><td>5</td><td>total</td><td>5574</td><td>$ 23.45</td><td>2014</td><td>-</td></tr></table> 1 the total number of shares of our common stock , par value $ 0.10 per share , repurchased were withheld under the terms of grants under employee stock- based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum in the applicable period of the aggregate value of the tax withholding obligations by the sum of the number of withheld shares . 3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) . in february 2018 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock , which was in addition to any amounts remaining under the 2017 share repurchase program . on july 2 , 2018 , in connection with the announcement of the acxiom acquisition , we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition , and no shares were repurchased pursuant to the share repurchase programs in the periods reflected . there are no expiration dates associated with the share repurchase programs. .\nQuestion: what was the value spent on the purchase of shares in october 2018?\nAnswer: 89099.2\nQuestion: and what was it in november 2018?\nAnswer: 41597.5\nQuestion: what was, then, the decline in that value over the month?\nAnswer: 47501.7\nQuestion: throughout that same period, what was the decline in the number of shares purchased?\nAnswer: 2074.0\nQuestion: and how much does this decline represent in relation to that number of shares in october?\nAnswer: 0.54236\nQuestion: how much is that in percentage?\n" }, { "role": "agent", "content": "54.2364" } ]
CONVFINQA1086	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhumana inc . notes to consolidated financial statements 2014 ( continued ) in any spe transactions . the adoption of fin 46 or fin 46-r did not have a material impact on our financial position , results of operations , or cash flows . in december 2004 , the fasb issued statement no . 123r , share-based payment , or statement 123r , which requires companies to expense the fair value of employee stock options and other forms of stock-based compensation . this requirement represents a significant change because fixed-based stock option awards , a predominate form of stock compensation for us , were not recognized as compensation expense under apb 25 . statement 123r requires the cost of the award , as determined on the date of grant at fair value , be recognized over the period during which an employee is required to provide service in exchange for the award ( usually the vesting period ) . the grant-date fair value of the award will be estimated using option-pricing models . we are required to adopt statement 123r no later than july 1 , 2005 under one of three transition methods , including a prospective , retrospective and combination approach . we previously disclosed on page 67 the effect of expensing stock options under a fair value approach using the black-scholes pricing model for 2004 , 2003 and 2002 . we currently are evaluating all of the provisions of statement 123r and the expected effect on us including , among other items , reviewing compensation strategies related to stock-based awards , selecting an option pricing model and determining the transition method . in march 2004 , the fasb issued eitf issue no . 03-1 , or eitf 03-1 , the meaning of other-than- temporary impairment and its application to certain investments . eitf 03-1 includes new guidance for evaluating and recording impairment losses on certain debt and equity investments when the fair value of the investment security is less than its carrying value . in september 2004 , the fasb delayed the previously scheduled third quarter 2004 effective date until the issuance of additional implementation guidance , expected in 2005 . upon issuance of a final standard , we will evaluate the impact on our consolidated financial position and results of operations . 3 . acquisitions on february 16 , 2005 , we acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company . careplus provides medicare advantage hmo plans and benefits to medicare eligible members in miami-dade , broward and palm beach counties . this acquisition enhances our medicare market position in south florida . we paid approximately $ 450 million in cash including estimated transaction costs , subject to a balance sheet settlement process with a nine month claims run-out period . we currently are in the process of allocating the purchase price to the net tangible and intangible assets . on april 1 , 2004 , we acquired ochsner health plan , or ochsner , from the ochsner clinic foundation . ochsner is a louisiana health benefits company offering network-based managed care plans to employer-groups and medicare eligible members . this acquisition enabled us to enter a new market with significant market share which should facilitate new sales opportunities in this and surrounding markets , including houston , texas . we paid $ 157.1 million in cash , including transaction costs . the fair value of the tangible assets ( liabilities ) as of the acquisition date are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 15270</td></tr><tr><td>3</td><td>investment securities</td><td>84527</td></tr><tr><td>4</td><td>premiums receivable and other current assets</td><td>20616</td></tr><tr><td>5</td><td>property and equipment and other assets</td><td>6847</td></tr><tr><td>6</td><td>medical and other expenses payable</td><td>-71063 ( 71063 )</td></tr><tr><td>7</td><td>other current liabilities</td><td>-21604 ( 21604 )</td></tr><tr><td>8</td><td>other liabilities</td><td>-82 ( 82 )</td></tr><tr><td>9</td><td>net tangible assets acquired</td><td>$ 34511</td></tr></table> .\nQuestion: what was the medical and other expenses payable?\nAnswer: 71063.0\nQuestion: and the other current liabilities ?\nAnswer: 21604.0\nQuestion: combined, what is the value of these two liabilities?\nAnswer: 92667.0\nQuestion: and the value of other liabilities?\nAnswer: 82.0\nQuestion: now combined with the other two values?\nAnswer: 92749.0\nQuestion: so what was the percentage of other current liabilities to total liabilties?\n" }, { "role": "agent", "content": "0.23293" } ]
CONVFINQA10214	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .\nQuestion: what is the asset retirement liability as of september 24 2005?\nAnswer: 11.7\nQuestion: what about 2004?\nAnswer: 8.2\nQuestion: what is the net change from 2004 to 2005?\nAnswer: 3.5\nQuestion: what is the asset retirement liability as of september 24 2004?\nAnswer: 8.2\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.42683" } ]
CONVFINQA523	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsystem energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . a0 a0debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . a0 a0system energy has sufficient capacity under these tests to meet its foreseeable capital needs . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. . <table class='wikitable'><tr><td>1</td><td>2017</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 111667</td><td>$ 33809</td><td>$ 39926</td><td>$ 2373</td></tr></table> see note 4 to the financial statements for a description of the money pool . the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 . as of december 31 , 2017 , $ 17.8 million in letters of credit to support a like amount of commercial paper issued and $ 50 million in loans were outstanding under the system energy nuclear fuel company variable interest entity credit facility . see note 4 to the financial statements for additional discussion of the variable interest entity credit facility . system energy obtained authorizations from the ferc through october 2019 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits . system energy resources , inc . management 2019s financial discussion and analysis federal regulation see the 201crate , cost-recovery , and other regulation 2013 federal regulation 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis and note 2 to the financial statements for a discussion of federal regulation . complaint against system energy in january 2017 the apsc and mpsc filed a complaint with the ferc against system energy . the complaint seeks a reduction in the return on equity component of the unit power sales agreement pursuant to which system energy sells its grand gulf capacity and energy to entergy arkansas , entergy louisiana , entergy mississippi , and entergy new orleans . entergy arkansas also sells some of its grand gulf capacity and energy to entergy louisiana , entergy mississippi , and entergy new orleans under separate agreements . the current return on equity under the unit power sales agreement is 10.94% ( 10.94 % ) . the complaint alleges that the return on equity is unjust and unreasonable because current capital market and other considerations indicate that it is excessive . the complaint requests the ferc to institute proceedings to investigate the return on equity and establish a lower return on equity , and also requests that the ferc establish january 23 , 2017 as a refund effective date . the complaint includes return on equity analysis that purports to establish that the range of reasonable return on equity for system energy is between 8.37% ( 8.37 % ) and 8.67% ( 8.67 % ) . system energy answered the complaint in february 2017 and disputes that a return on equity of 8.37% ( 8.37 % ) to 8.67% ( 8.67 % ) is just and reasonable . the lpsc and the city council intervened in the proceeding expressing support for the complaint . system energy is recording a provision against revenue for the potential outcome of this proceeding . in september 2017 the ferc established a refund effective date of january 23 , 2017 , consolidated the return on equity complaint with the proceeding described in unit power sales agreement below , and directed the parties to engage in settlement .\nQuestion: what was the value of letters of credit to support a like amount of commercial paper in 2017?\nAnswer: 17.8\nQuestion: what was the value of loans outstanding under the system energy nuclear fuel company variable interest entity credit facility?\nAnswer: 50.0\nQuestion: what is the sum of those values?\nAnswer: 67.8\nQuestion: what is the sum divided by 120?\n" }, { "role": "agent", "content": "0.565" } ]
CONVFINQA7517	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2013 . we elected to use the step 1 quantitative assessment for our three reporting units 2014digital media , digital marketing and print and publishing 2014and determined that there was no impairment of goodwill . there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2013 , 2012 or 2011 . our intangible assets are amortized over their estimated useful lives of 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>6</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>8</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>8</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not. .\nQuestion: what is the average weighted average useful life, in years, between the purchased technology and the customer contracts and relationships segments?\nAnswer: 8.0\nQuestion: and what is that useful life for trademarks?\n" }, { "role": "agent", "content": "8.0" } ]
CONVFINQA1586	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure . other sensitivity measures we use to analyze market risk are described below . 10% ( 10 % ) sensitivity measures . the table below presents market risk for inventory positions that are not included in var . the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the underlying asset value . equity positions below relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds , which are included in 201cfinancial instruments owned , at fair value . 201d debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans . these debt positions are included in 201cfinancial instruments owned , at fair value . 201d see note 6 to the consolidated financial statements for further information about cash instruments . these measures do not reflect diversification benefits across asset categories or across other market risk measures . asset categories 10% ( 10 % ) sensitivity amount as of december in millions 2013 2012 equity 1 $ 2256 $ 2471 . <table class='wikitable'><tr><td>1</td><td>asset categories</td><td>asset categories</td><td>-</td></tr><tr><td>2</td><td>in millions</td><td>2013</td><td>2012</td></tr><tr><td>3</td><td>equity1</td><td>$ 2256</td><td>$ 2471</td></tr><tr><td>4</td><td>debt</td><td>1522</td><td>1676</td></tr><tr><td>5</td><td>total</td><td>$ 3778</td><td>$ 4147</td></tr></table> 1 . december 2012 includes $ 208 million related to our investment in the ordinary shares of icbc , which was sold in the first half of 2013 . credit spread sensitivity on derivatives and borrowings . var excludes the impact of changes in counterparty and our own credit spreads on derivatives as well as changes in our own credit spreads on unsecured borrowings for which the fair value option was elected . the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 4 million and $ 3 million ( including hedges ) as of december 2013 and december 2012 , respectively . in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on unsecured borrowings for which the fair value option was elected was a gain of $ 8 million and $ 7 million ( including hedges ) as of december 2013 and december 2012 , respectively . however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those unsecured borrowings for which the fair value option was elected , as well as the relative performance of any hedges undertaken . interest rate sensitivity . as of december 2013 and december 2012 , the firm had $ 14.90 billion and $ 6.50 billion , respectively , of loans held for investment which were accounted for at amortized cost and included in 201creceivables from customers and counterparties , 201d substantially all of which had floating interest rates . as of december 2013 and december 2012 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 136 million and $ 62 million , respectively , of additional interest income over a 12-month period , which does not take into account the potential impact of an increase in costs to fund such loans . see note 8 to the consolidated financial statements for further information about loans held for investment . goldman sachs 2013 annual report 95 .\nQuestion: as of december 2013, what was the value of the total 10% ( 10 % ) sensitivity amount that was equity related?\nAnswer: 2256.0\nQuestion: and what was that total 10% ( 10 % ) sensitivity amount?\nAnswer: 3778.0\nQuestion: what percentage, then, did that value represent in relation to this amount?\n" }, { "role": "agent", "content": "0.59714" } ]
CONVFINQA2714	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 59 of 94 notes to consolidated financial statements ball corporation and subsidiaries 13 . debt and interest costs ( continued ) long-term debt obligations outstanding at december 31 , 2007 , have maturities of $ 127.1 million , $ 160 million , $ 388.4 million , $ 625.1 million and $ 550.3 million for the years ending december 31 , 2008 through 2012 , respectively , and $ 456.1 million thereafter . ball provides letters of credit in the ordinary course of business to secure liabilities recorded in connection with industrial development revenue bonds and certain self-insurance arrangements . letters of credit outstanding at december 31 , 2007 and 2006 , were $ 41 million and $ 52.4 million , respectively . the notes payable and senior credit facilities are guaranteed on a full , unconditional and joint and several basis by certain of the company 2019s domestic wholly owned subsidiaries . certain foreign denominated tranches of the senior credit facilities are similarly guaranteed by certain of the company 2019s wholly owned foreign subsidiaries . note 22 contains further details as well as condensed , consolidating financial information for the company , segregating the guarantor subsidiaries and non-guarantor subsidiaries . the company was not in default of any loan agreement at december 31 , 2007 , and has met all debt payment obligations . the u.s . note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividend payments , share repurchases , investments , financial ratios , guarantees and the incurrence of additional indebtedness . on march 27 , 2006 , ball expanded its senior secured credit facilities with the addition of a $ 500 million term d loan facility due in installments through october 2011 . also on march 27 , 2006 , ball issued at a price of 99.799 percent $ 450 million of 6.625% ( 6.625 % ) senior notes ( effective yield to maturity of 6.65 percent ) due in march 2018 . the proceeds from these financings were used to refinance existing u.s . can debt with ball corporation debt at lower interest rates , acquire certain north american plastic container net assets from alcan and reduce seasonal working capital debt . ( see note 3 for further details of the acquisitions. ) on october 13 , 2005 , ball refinanced its senior secured credit facilities to extend debt maturities at lower interest rate spreads and provide the company with additional borrowing capacity for future growth . during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due in august 2006 . the refinancing and senior note redemptions resulted in a debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) for the related call premium and unamortized debt issuance costs . a summary of total interest cost paid and accrued follows: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>interest costs before refinancing costs</td><td>$ 155.8</td><td>$ 142.5</td><td>$ 102.4</td></tr><tr><td>3</td><td>debt refinancing costs</td><td>2013</td><td>2013</td><td>19.3</td></tr><tr><td>4</td><td>total interest costs</td><td>155.8</td><td>142.5</td><td>121.7</td></tr><tr><td>5</td><td>amounts capitalized</td><td>-6.4 ( 6.4 )</td><td>-8.1 ( 8.1 )</td><td>-5.3 ( 5.3 )</td></tr><tr><td>6</td><td>interest expense</td><td>$ 149.4</td><td>$ 134.4</td><td>$ 116.4</td></tr><tr><td>7</td><td>interest paid during the year ( a )</td><td>$ 153.9</td><td>$ 125.4</td><td>$ 138.5</td></tr></table> ( a ) includes $ 6.6 million paid in 2005 in connection with the redemption of the company 2019s senior and senior subordinated notes. .\nQuestion: what was the difference in interest expense between 2005 and 2006?\nAnswer: 18.0\nQuestion: and the specific value for 2005?\n" }, { "role": "agent", "content": "116.4" } ]
CONVFINQA9081	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nproperty investmentp yrr our overall strategy is to continue to increase our investment in quality industrial properties in both existing and select new markets and to continue to increase our investment in on-campus or hospital affiliated medical offf fice ff properties . pursuant to this strategy , we evaluate development and acquisition opportunities based upon our market yy outlook , including general economic conditions , supply and long-term growth potential . our ability to make future property investments is dependent upon identifying suitable acquisition and development opportunities , and our continued access to our longer-term sources of liquidity , including issuances of debt or equity securities as well asyy generating cash flow by disposing of selected properties . leasing/capital costsg p tenant improvements and lease-related costs pertaining to our initial leasing of newly completed space , or vacant tt space in acquired properties , are referred to as first generation expenditures . such first generation expenditures for tenant improvements are included within \"development of real estate investments\" in our consolidated statements of cash flows , while such expenditures for lease-related costs are included within \"other deferred leasing costs.\" cash expenditures related to the construction of a building's shell , as well as the associated site improvements , are also included within \"development of real estate investments\" in our consolidated statements of cash flows . tenant improvements and leasing costs to re-let rental space that we previously leased to tenants are referred to as tt second generation expenditures . building improvements that are not specific to any tenant , but serve to improve integral components of our real estate properties , are also second generation expenditures . one of the principal uses of our liquidity is to fund the second generation leasing/capital expenditures of our real estate investments . the following table summarizes our second generation capital expenditures by type of expenditure , as well as capital expenditures for the development of real estate investments and for other deferred leasing costs ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>second generation tenant improvements</td><td>$ 24622</td><td>$ 28681</td><td>$ 51699</td></tr><tr><td>3</td><td>second generation leasing costs</td><td>27029</td><td>24471</td><td>37898</td></tr><tr><td>4</td><td>building improvements</td><td>7698</td><td>8748</td><td>9224</td></tr><tr><td>5</td><td>total second generation capital expenditures</td><td>$ 59349</td><td>$ 61900</td><td>$ 98821</td></tr><tr><td>6</td><td>development of real estate investments</td><td>$ 401442</td><td>$ 370466</td><td>$ 446722</td></tr><tr><td>7</td><td>other deferred leasing costs</td><td>$ 38410</td><td>$ 30790</td><td>$ 31503</td></tr></table> second generation capital expenditures were significantly lower during 2016 and 2015 , compared to 2014 , as the result of significant dispositions of office properties , which were more capital intensive to re-lease than industrial ff properties . we had wholly owned properties under development with an expected cost of ww $ 713.1 million at december 31 , 2016 , compared to projects with an expected cost of $ 599.8 million and $ 470.2 million at december 31 , 2015 and 2014 , respectively . the capital expenditures in the table above include the capitalization of internal overhead costs . we capitalized ww $ 24.0 million , $ 21.7 million and $ 23.9 million of overhead costs related to leasing activities , including both first and second generation leases , during the years ended december 31 , 2016 , 2015 and 2014 , respectively . we ww capitalized $ 25.9 million , $ 23.8 million and $ 28.8 million of overhead costs related to development activities , including both development and tenant improvement projects on first and second generation space , during the years ended december 31 , 2016 , 2015 and 2014 , respectively . combined overhead costs capitalized to leasing and development totaled 33.5% ( 33.5 % ) , 29.0% ( 29.0 % ) and 31.4% ( 31.4 % ) of our overall pool of overhead costs at december 31 , 2016 , 2015 and 2014 , respectively . further discussion of the capitalization of overhead costs can be found in the year-to-year comparisons of general and administrative expenses and critical accounting policies sections of this item 7. .\nQuestion: what were the total costs associated with development and tenant improvement projects on first and second generation space in the year of 2016?\nAnswer: 25.9\nQuestion: and what were they in 2014?\n" }, { "role": "agent", "content": "28.8" } ]
CONVFINQA8939	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 a 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 political and economic conditions in certain countries . 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 ( overnight , one week , two weeks , one month , three months , one year ) and over a variety of 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 a series of 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 measures 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 . in december 2016 , the federal reserve board adopted final rules which require additional disclosures relating to the lcr of large financial institutions , including citi . among other things , the final rules require citi to disclose components of its average hqla , lcr and inflows and outflows each quarter . in addition , the final rules require disclosure of citi 2019s calculation of the maturity mismatch add-on as well as other qualitative disclosures . the effective date for these disclosures is april 1 , 2017 . 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 2016</td><td>sept . 30 2016</td><td>dec . 31 2015</td></tr><tr><td>2</td><td>hqla</td><td>$ 403.7</td><td>$ 403.8</td><td>$ 389.2</td></tr><tr><td>3</td><td>net outflows</td><td>332.5</td><td>335.3</td><td>344.4</td></tr><tr><td>4</td><td>lcr</td><td>121% ( 121 % )</td><td>120% ( 120 % )</td><td>113% ( 113 % )</td></tr><tr><td>5</td><td>hqla in excess of net outflows</td><td>$ 71.3</td><td>$ 68.5</td><td>$ 44.8</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 both year-over-year and sequentially . the increase year-over-year was driven by both an increase in hqla and a reduction in net outflows . sequentially , the increase was driven by a slight reduction in net outflows , as hqla remained largely unchanged . long-term liquidity measurement : net stable funding ratio ( nsfr ) in the second quarter of 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 . standardized weightings would be required to be applied to the various 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 , 2016 , it will need to evaluate any final version of the rules , which are expected to be released during 2017 . the proposed rules would require full implementation of the u.s . nsfr beginning january 1 , 2018. .\nQuestion: what is the net change in the lcr from 2014 to 2016?\nAnswer: 8.0\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.0708" } ]
CONVFINQA8250	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 contractual maturities of held-to-maturity securities as of january 30 , 2009 were in excess of three years and were $ 31.4 million at cost and $ 28.9 million at fair value , respectively . for the successor year ended january 30 , 2009 and period ended february 1 , 2008 , and the predecessor period ended july 6 , 2007 and year ended february 2 , 2007 , gross realized gains and losses on the sales of available-for-sale securities were not material . the cost of securities sold is based upon the specific identification method . merchandise inventories inventories are stated at the lower of cost or market with cost determined using the retail last-in , first-out ( 201clifo 201d ) method . under the company 2019s retail inventory method ( 201crim 201d ) , the calculation of gross profit and the resulting valuation of inventories at cost are computed by applying a calculated cost-to-retail inventory ratio to the retail value of sales at a department level . costs directly associated with warehousing and distribution are capitalized into inventory . the excess of current cost over lifo cost was approximately $ 50.0 million at january 30 , 2009 and $ 6.1 million at february 1 , 2008 . current cost is determined using the retail first-in , first-out method . the company 2019s lifo reserves were adjusted to zero at july 6 , 2007 as a result of the merger . the successor recorded lifo provisions of $ 43.9 million and $ 6.1 million during 2008 and 2007 , respectively . the predecessor recorded a lifo credit of $ 1.5 million in 2006 . in 2008 , the increased commodity cost pressures mainly related to food and pet products which have been driven by fruit and vegetable prices and rising freight costs . increases in petroleum , resin , metals , pulp and other raw material commodity driven costs also resulted in multiple product cost increases . the company intends to address these commodity cost increases through negotiations with its vendors and by increasing retail prices as necessary . on a quarterly basis , the company estimates the annual impact of commodity cost fluctuations based upon the best available information at that point in time . store pre-opening costs pre-opening costs related to new store openings and the construction periods are expensed as incurred . property and equipment property and equipment are recorded at cost . the company provides for depreciation and amortization on a straight-line basis over the following estimated useful lives: . <table class='wikitable'><tr><td>1</td><td>land improvements</td><td>20</td></tr><tr><td>2</td><td>buildings</td><td>39-40</td></tr><tr><td>3</td><td>furniture fixtures and equipment</td><td>3-10</td></tr></table> improvements of leased properties are amortized over the shorter of the life of the applicable lease term or the estimated useful life of the asset. .\nQuestion: what is the sum of lifo provisions recorded in 2007 and 2008?\nAnswer: 50.0\nQuestion: what about the difference in the held-to-maturity securities at cost and at fair value in 2009?\n" }, { "role": "agent", "content": "2.5" } ]
CONVFINQA2063	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfactors , including the market price of our common stock , general economic and market conditions and applicable legal requirements . the repurchase program may be commenced , suspended or discontinued at any time . 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 . as of september 30 , 2019 , we had approximately 19.1 million shares of common stock available for repurchase under the program . we anticipate that we will be able to fund our capital expenditures , interest payments , dividends and stock repurchases , pension payments , working capital needs , note repurchases , restructuring activities , repayments of current portion of long-term debt and other corporate actions for the foreseeable future from cash generated from operations , borrowings under our credit facilities , proceeds from our a/r sales agreement , proceeds from the issuance of debt or equity securities or other additional long-term debt financing , including new or amended facilities . in addition , we continually review our capital structure and conditions in the private and public debt markets in order to optimize our mix of indebtedness . in connection with these reviews , we may seek to refinance existing indebtedness to extend maturities , reduce borrowing costs or otherwise improve the terms and composition of our indebtedness . contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2019 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table . certain amounts in this table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>payments due by period total</td><td>payments due by period fiscal 2020</td><td>payments due by period fiscal 2021and 2022</td><td>payments due by period fiscal 2023and 2024</td><td>payments due by period thereafter</td></tr><tr><td>2</td><td>long-term debt including current portionexcluding capital lease obligations ( 1 )</td><td>$ 9714.1</td><td>$ 550.8</td><td>$ 939.8</td><td>$ 2494.3</td><td>$ 5729.2</td></tr><tr><td>3</td><td>operating lease obligations ( 2 )</td><td>930.4</td><td>214.3</td><td>316.4</td><td>193.6</td><td>206.1</td></tr><tr><td>4</td><td>capital lease obligations ( 3 )</td><td>168.9</td><td>6.4</td><td>8.7</td><td>2.9</td><td>150.9</td></tr><tr><td>5</td><td>purchase obligations and other ( 4 ) ( 5 ) ( 6 )</td><td>2293.5</td><td>1607.0</td><td>292.5</td><td>206.7</td><td>187.3</td></tr><tr><td>6</td><td>total</td><td>$ 13106.9</td><td>$ 2378.5</td><td>$ 1557.4</td><td>$ 2897.5</td><td>$ 6273.5</td></tr></table> ( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments . we have excluded $ 163.5 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations . see 201cnote 13 . debt 201d of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments . ( 2 ) see 201cnote 15 . operating leases 201d of the notes to consolidated financial statements for additional information . ( 3 ) the fair value step-up of $ 16.9 million is excluded . see 201cnote 13 . debt 2014 capital lease and other indebtedness 201d of the notes to consolidated financial statements for additional information . ( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction . purchase obligations exclude agreements that are cancelable without penalty . ( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . our estimates are based on factors , such as discount rates and expected returns on plan assets . future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation . it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts . we have excluded $ 237.2 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2019 , including our estimate of the accumulated funding deficiency , due to lack of .\nQuestion: what is the total of the payments due in 2020?\nAnswer: 2378.5\nQuestion: and what is the full amount of all payments?\nAnswer: 13106.9\nQuestion: what percentage, then, of this full amount does that total represent?\nAnswer: 0.18147\nQuestion: in the previous year of that one, what was the number of shares repurchased?\nAnswer: 2.1\nQuestion: and what was it in 2018?\nAnswer: 3.4\nQuestion: how much, then, does the 2019 number represent in relation to this 2018 one?\n" }, { "role": "agent", "content": "0.61765" } ]
CONVFINQA2861	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe weighted average fair value of options granted during 2010 , 2009 and 2008 was estimated to be $ 7.84 , $ 7.18 and $ 3.84 , respectively , using the black-scholes option pricing model with the assumptions below: . <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 interest rate</td><td>1.1% ( 1.1 % )</td><td>2.3% ( 2.3 % )</td><td>2.8% ( 2.8 % )</td></tr><tr><td>3</td><td>volatility</td><td>35.6% ( 35.6 % )</td><td>35.0% ( 35.0 % )</td><td>26.0% ( 26.0 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>0.7% ( 0.7 % )</td><td>1.0% ( 1.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>5</td><td>weighted average expected life ( years )</td><td>4.4</td><td>5.0</td><td>5.3</td></tr></table> at december 31 , 2010 and 2009 , the total unrecognized compensation cost related to non-vested stock awards is $ 129.3 million and $ 93.5 million , respectively , which is expected to be recognized in pre-tax income over a weighted average period of 1.7 years as of both year ends . the company granted a total of 1.5 million restricted stock awards at prices ranging from $ 25.76 to $ 28.15 on various dates in 2010 . these awards vest annually over three years . the company also granted 0.9 million performance restricted stock units during 2010 . these performance restricted stock units have been granted at the maximum achievable level and the number of shares that can vest is based on specific revenue and ebitda goals for periods from 2010 through 2012 . during 2009 , we granted 0.5 million shares of restricted stock at a price of $ 22.55 that vest annually over 3 years . on october 1 , 2009 , the company granted 0.4 million restricted stock units at a price of $ 24.85 per share that vested over six months . on march 20 , 2008 , we granted 0.4 million shares of restricted stock at a price of $ 38.75 that were to vest quarterly over 2 years . on july 2 , 2008 , 0.2 million of these shares were canceled and assumed by lps . the remaining unvested restricted shares were converted by the conversion factor of 1.7952 . these awards vested as of october 1 , 2009 , under the change in control provisions due to the metavante acquisition . on october 27 , 2008 , we granted 0.8 million shares of restricted stock at a price of $ 14.35 that vest annually over 3 years . as of december 31 , 2010 and 2009 , we have approximately 2.2 million and 1.4 million unvested restricted shares remaining . as of december 31 , 2010 we also have 0.6 million of restricted stock units that have not vested . share repurchase plans on october 25 , 2006 , our board of directors approved a plan authorizing repurchases of up to $ 200.0 million worth of our common stock ( the 201cold plan 201d ) . on april 17 , 2008 , our board of directors approved a plan authorizing repurchases of up to an additional $ 250.0 million worth of our common stock ( the 201cnew plan 201d ) . under the new plan we repurchased 5.8 million shares of our stock for $ 226.2 million , at an average price of $ 38.97 for the year ended december 31 , 2008 . during the year ended december 31 , 2008 , we also repurchased an additional 0.2 million shares of our stock for $ 10.0 million at an average price of $ 40.56 under the old plan . during 2007 , the company repurchased 1.6 million shares at an average price of $ 49.15 under the old plan . on february 4 , 2010 our board of directors approved a plan authorizing repurchases of up to 15.0 million shares of our common stock in the open market , at prevailing market prices or in privately negotiated transactions , through january 31 , 2013 . we repurchased 1.4 million shares of our common stock for $ 32.2 million , at an average price of $ 22.97 through march 31 , 2010 . no additional shares were repurchased under this plan during the year ended december 31 , 2010 . approximately 13.6 million shares of our common stock remain available to repurchase under this plan as of december 31 , 2010 . on may 25 , 2010 , our board of directors authorized a leveraged recapitalization plan to repurchase up to $ 2.5 billion of our common stock at a price range of $ 29.00 2014 $ 31.00 per share of common stock through a modified 201cdutch auction 201d tender offer ( the 201ctender offer 201d ) . the tender offer commenced on july 6 , 2010 and expired on august 3 , 2010 . the tender offer was oversubscribed at $ 29.00 , resulting in the purchase of 86.2 million shares , including 6.4 million shares underlying previously unexercised stock options . the repurchased shares were added to treasury stock . fidelity national information services , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg* transmitting job : g26369 pcn : 087000000 *%%pcmsg\|87 \|00008\|yes\|no\|03/28/2011 17:32\|0\|0\|page is valid , no graphics -- color : n\| .\nQuestion: what was the net change in the fair value of options from 2009 to 2010?\nAnswer: 0.66\nQuestion: what was the value in 2009?\n" }, { "role": "agent", "content": "7.18" } ]
CONVFINQA2690	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) pro forma disclosure 2014the company has adopted the disclosure-only provisions of sfas no . 123 , as amended by sfas no . 148 , and has presented such disclosure in note 1 . the 201cfair value 201d of each option grant is estimated on the date of grant using the black-scholes option pricing model . the weighted average fair values of the company 2019s options granted during 2004 , 2003 and 2002 were $ 7.05 , $ 6.32 , and $ 2.23 per share , respectively . key assumptions used to apply this pricing model are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>approximate risk-free interest rate</td><td>4.23% ( 4.23 % )</td><td>4.00% ( 4.00 % )</td><td>4.53% ( 4.53 % )</td></tr><tr><td>3</td><td>expected life of option grants</td><td>4 years</td><td>4 years</td><td>5 years</td></tr><tr><td>4</td><td>expected volatility of underlying stock ( the company plan )</td><td>80.6% ( 80.6 % )</td><td>86.6% ( 86.6 % )</td><td>92.3% ( 92.3 % )</td></tr><tr><td>5</td><td>expected volatility of underlying stock ( atc mexico and atc south america plans )</td><td>n/a</td><td>n/a</td><td>n/a</td></tr><tr><td>6</td><td>expected dividends</td><td>n/a</td><td>n/a</td><td>n/a</td></tr></table> voluntary option exchanges 2014in february 2004 , the company issued to eligible employees 1032717 options with an exercise price of $ 11.19 per share , the fair market value of the class a common stock on the date of grant . these options were issued in connection with a voluntary option exchange program entered into by the company in august 2003 , where the company accepted for surrender and cancelled options ( having an exercise price of $ 10.25 or greater ) to purchase 1831981 shares of its class a common stock . the program , which was offered to both full and part-time employees , excluding the company 2019s executive officers and its directors , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option . no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date . in may 2002 , the company issued to eligible employees 2027612 options with an exercise price of $ 3.84 per share , the fair market value of the class a common stock on the date of grant . these options were issued in connection with a voluntary option exchange program entered into by the company in october 2001 , where the company accepted for surrender and cancelled options to purchase 3471211 shares of its class a common stock . the program , which was offered to both full and part-time employees , excluding most of the company 2019s executive officers , called for the grant ( at least six months and one day from the surrender date to employees still employed on that date ) of new options exercisable for two shares of class a common stock for every three shares of class a common stock issuable upon exercise of a surrendered option . no options were granted to any employees who participated in the exchange offer between the cancellation date and the new grant date . atc mexico holding stock option plan 2014the company maintains a stock option plan in its atc mexico subsidiary ( atc mexico plan ) . the atc mexico plan provides for the issuance of options to officers , employees , directors and consultants of atc mexico . the atc mexico plan limits the number of shares of common stock which may be granted to an aggregate of 360 shares , subject to adjustment based on changes in atc mexico 2019s capital structure . during 2002 , atc mexico granted options to purchase 318 shares of atc mexico common stock to officers and employees . such options were issued at one time with an exercise price of $ 10000 per share . the exercise price per share was at fair market value as determined by the board of directors with the assistance of an independent appraisal performed at the company 2019s request . the fair value of atc mexico plan options granted during 2002 were $ 3611 per share as determined by using the black-scholes option pricing model . as described in note 10 , all outstanding options were exercised in march 2004 . no options under the atc mexico plan were granted in 2004 or 2003 , or exercised or cancelled in 2003 or 2002 , and no options were exercisable as of december 31 , 2003 or 2002 . ( see note 10. ) .\nQuestion: what was the weighted average fair values of the company 2019s options granted in 2004?\nAnswer: 7.05\nQuestion: and in 2003?\nAnswer: 6.32\nQuestion: so what was the change in this value between these years?\n" }, { "role": "agent", "content": "0.73" } ]
CONVFINQA1465	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 net sales in 2015?\nAnswer: 45366.0\nQuestion: and in 2014?\nAnswer: 47369.0\nQuestion: so what was the difference in these two values?\n" }, { "role": "agent", "content": "-2003.0" } ]
CONVFINQA4151	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nj.p . morgan chase & co . / 2003 annual report 65 the commercial specific loss component of the allowance was $ 917 million at december 31 , 2003 , a decrease of 43% ( 43 % ) from year-end 2002 . the decrease was attributable to the improve- ment in the credit quality of the commercial loan portfolio , as well as the reduction in the size of the portfolio . the commercial expected loss component of the allowance was $ 454 million at december 31 , 2003 , a decrease of 26% ( 26 % ) from year- end 2002 . the decrease reflected an improvement in the average quality of the loan portfolio , as well as the improving credit envi- ronment , which affected inputs to the expected loss model . the consumer expected loss component of the allowance was $ 2.3 billion at december 31 , 2003 , a decrease of 4% ( 4 % ) from year- end 2002 . although the consumer managed loan portfolio increased by 10% ( 10 % ) , the businesses that drove the increase , home finance and auto finance , have collateralized products with lower expected loss rates . the residual component of the allowance was $ 895 million at december 31 , 2003 . the residual component , which incorpo- rates management's judgment , addresses uncertainties that are not considered in the formula-based commercial specific and expected components of the allowance for credit losses . the $ 121 million increase addressed uncertainties in the eco- nomic environment and concentrations in the commercial loan portfolio that existed during the first half of 2003 . in the sec- ond half of the year , as commercial credit quality continued to improve and the commercial allowance declined further , the residual component was reduced as well . at december 31 , 2003 , the residual component represented approximately 20% ( 20 % ) of the total allowance for loan losses , within the firm 2019s target range of between 10% ( 10 % ) and 20% ( 20 % ) . the firm anticipates that if the current positive trend in economic conditions and credit quality continues , the commercial and residual components will continue to be reduced . lending-related commitments to provide for the risk of loss inherent in the credit-extension process , management also computes specific and expected loss components as well as a residual component for commercial lending 2013related commitments . this is computed using a methodology similar to that used for the commercial loan port- folio , modified for expected maturities and probabilities of drawdown . the allowance decreased by 11% ( 11 % ) to $ 324 million as of december 31 , 2003 , due to improvement in the criticized portion of the firm 2019s lending-related commitments . credit costs . <table class='wikitable'><tr><td>1</td><td>for the year ended december 31 ( in millions )</td><td>for the year ended december 31 commercial</td><td>for the year ended december 31 consumer</td><td>for the year ended december 31 residual</td><td>for the year ended december 31 total</td><td>for the year ended december 31 commercial</td><td>for the year ended december 31 consumer</td><td>residual</td><td>total</td></tr><tr><td>2</td><td>provision for loan losses</td><td>$ -30 ( 30 )</td><td>$ 1491</td><td>$ 118</td><td>$ 1579</td><td>$ 2371</td><td>$ 1589</td><td>$ 79</td><td>$ 4039</td></tr><tr><td>3</td><td>provision for lending-related commitments</td><td>-47 ( 47 )</td><td>2014</td><td>8</td><td>-39 ( 39 )</td><td>309</td><td>2014</td><td>-17 ( 17 )</td><td>292</td></tr><tr><td>4</td><td>securitized credit losses</td><td>2014</td><td>1870</td><td>2014</td><td>1870</td><td>2014</td><td>1439</td><td>2014</td><td>1439</td></tr><tr><td>5</td><td>total managed credit costs</td><td>$ -77 ( 77 )</td><td>$ 3361</td><td>$ 126</td><td>$ 3410</td><td>$ 2680</td><td>$ 3028</td><td>$ 62</td><td>$ 5770</td></tr></table> .\nQuestion: how much, in percentage, is the consumer expected loss allowance in 2003 in relation to the consumer expected loss allowance in 2002, considering the percentage decrease over the year?\nAnswer: 96.0\nQuestion: and what is the numerical representation of that percentage?\n" }, { "role": "agent", "content": "0.96" } ]
CONVFINQA8264	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nvalue , which may be maturity , the company does not consider these investments to be other-than-temporarily impaired as of december 31 , 2005 and 2004 . gross realized gains and losses for 2005 were $ 15000 and $ 75000 , respectively . gross realized gains and losses for 2004 were $ 628000 and $ 205000 , respectively . gross realized gains for 2003 were $ 1249000 . there were no gross realized losses for 2003 . maturities stated are effective maturities . f . restricted cash at december 31 , 2005 and 2004 , the company held $ 41482000 and $ 49847000 , respectively , in restricted cash . at december 31 , 2005 and 2004 the balance was held in deposit with certain banks predominantly to collateralize conditional stand-by letters of credit in the names of the company's landlords pursuant to certain operating lease agreements . g . property and equipment property and equipment consist of the following at december 31 ( in thousands ) : depreciation expense for the years ended december 31 , 2005 , 2004 and 2003 was $ 26307000 , $ 28353000 and $ 27988000 respectively . in 2005 and 2004 , the company wrote off certain assets that were fully depreciated and no longer utilized . there was no effect on the company's net property and equipment . additionally , the company wrote off or sold certain assets that were not fully depreciated . the net loss on disposal of those assets was $ 344000 for 2005 and $ 43000 for 2004 . h . investments in accordance with the company's policy , as outlined in note b , \"accounting policies\" the company assessed its investment in altus pharmaceuticals , inc . ( \"altus\" ) , which it accounts for using the cost method , and determined that there had not been any adjustments to the fair values of that investment which would indicate a decrease in its fair value below the carrying value that would require the company to write down the investment basis of the asset , as of december 31 , 2005 and december 31 , 2004 . the company's cost basis carrying value in its outstanding equity and warrants of altus was $ 18863000 at december 31 , 2005 and 2004. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>furniture and equipment</td><td>$ 98387</td><td>$ 90893</td></tr><tr><td>3</td><td>leasehold improvements</td><td>66318</td><td>65294</td></tr><tr><td>4</td><td>computers</td><td>18971</td><td>18421</td></tr><tr><td>5</td><td>software</td><td>18683</td><td>16411</td></tr><tr><td>6</td><td>total property and equipment gross</td><td>202359</td><td>191019</td></tr><tr><td>7</td><td>less accumulated depreciation and amortization</td><td>147826</td><td>126794</td></tr><tr><td>8</td><td>total property and equipment net</td><td>$ 54533</td><td>$ 64225</td></tr></table> .\nQuestion: what is the net change in the value of furniture and equipment from 2004 and 2005?\nAnswer: 7494.0\nQuestion: what was the value in 2004?\nAnswer: 90893.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.08245" } ]
CONVFINQA2232	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nn o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively . for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively . during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) . once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 . it will continue in effect until terminated by the board . this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards . during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares . accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units . the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan . as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan . under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp . as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp . stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant . stock options are generally granted with a 3-year vesting period and a 10-year term . the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period . included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants . the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table . the risk-free inter- est rate is based on the u.s . treasury yield curve in effect at the time of grant . the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees . expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options . the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>dividend yield</td><td>1.80% ( 1.80 % )</td><td>1.78% ( 1.78 % )</td><td>1.64% ( 1.64 % )</td></tr><tr><td>3</td><td>expected volatility</td><td>32.20% ( 32.20 % )</td><td>27.43% ( 27.43 % )</td><td>31.29% ( 31.29 % )</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>3.15% ( 3.15 % )</td><td>4.51% ( 4.51 % )</td><td>4.60% ( 4.60 % )</td></tr><tr><td>5</td><td>forfeiture rate</td><td>7.5% ( 7.5 % )</td><td>7.5% ( 7.5 % )</td><td>7.5% ( 7.5 % )</td></tr><tr><td>6</td><td>expected life</td><td>5.7 years</td><td>5.6 years</td><td>6 years</td></tr></table> .\nQuestion: what is the risk-free interest rate in 2008?\nAnswer: 3.15\nQuestion: what about in 2007?\nAnswer: 4.51\nQuestion: what is the net change in risk-free interest rate?\nAnswer: -1.36\nQuestion: what is the risk-free interest rate in 2007?\n" }, { "role": "agent", "content": "4.51" } ]
CONVFINQA5528	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndevon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) debt maturities as of december 31 , 2015 , excluding premiums and discounts , are as follows ( millions ) : . <table class='wikitable'><tr><td>1</td><td>2016</td><td>$ 976</td></tr><tr><td>2</td><td>2017</td><td>2014</td></tr><tr><td>3</td><td>2018</td><td>875</td></tr><tr><td>4</td><td>2019</td><td>1100</td></tr><tr><td>5</td><td>2020</td><td>414</td></tr><tr><td>6</td><td>thereafter</td><td>9763</td></tr><tr><td>7</td><td>total</td><td>$ 13128</td></tr></table> credit lines devon has a $ 3.0 billion senior credit facility . the maturity date for $ 30 million of the senior credit facility is october 24 , 2017 . the maturity date for $ 164 million of the senior credit facility is october 24 , 2018 . the maturity date for the remaining $ 2.8 billion is october 24 , 2019 . amounts borrowed under the senior credit facility may , at the election of devon , bear interest at various fixed rate options for periods of up to twelve months . such rates are generally less than the prime rate . however , devon may elect to borrow at the prime rate . the senior credit facility currently provides for an annual facility fee of $ 3.8 million that is payable quarterly in arrears . as of december 31 , 2015 , there were no borrowings under the senior credit facility . the senior credit facility contains only one material financial covenant . this covenant requires devon 2019s ratio of total funded debt to total capitalization , as defined in the credit agreement , to be no greater than 65% ( 65 % ) . the credit agreement contains definitions of total funded debt and total capitalization that include adjustments to the respective amounts reported in the accompanying consolidated financial statements . also , total capitalization is adjusted to add back noncash financial write-downs such as full cost ceiling impairments or goodwill impairments . as of december 31 , 2015 , devon was in compliance with this covenant with a debt-to- capitalization ratio of 23.7% ( 23.7 % ) . commercial paper devon 2019s senior credit facility supports its $ 3.0 billion of short-term credit under its commercial paper program . commercial paper debt generally has a maturity of between 1 and 90 days , although it can have a maturity of up to 365 days , and bears interest at rates agreed to at the time of the borrowing . the interest rate is generally based on a standard index such as the federal funds rate , libor or the money market rate as found in the commercial paper market . as of december 31 , 2015 , devon 2019s outstanding commercial paper borrowings had a weighted-average borrowing rate of 0.63% ( 0.63 % ) . issuance of senior notes in june 2015 , devon issued $ 750 million of 5.0% ( 5.0 % ) senior notes due 2045 that are unsecured and unsubordinated obligations . devon used the net proceeds to repay the floating rate senior notes that matured on december 15 , 2015 , as well as outstanding commercial paper balances . in december 2015 , in conjunction with the announcement of the powder river basin and stack acquisitions , devon issued $ 850 million of 5.85% ( 5.85 % ) senior notes due 2025 that are unsecured and unsubordinated obligations . devon used the net proceeds to fund the cash portion of these acquisitions. .\nQuestion: as of 2015, what was the amount of the notes issued maturing in 2045?\nAnswer: 850.0\nQuestion: and what was it for the ones maturing in 2025?\nAnswer: 750.0\nQuestion: how much, then, did the 2045 amount represent in relation to this 2025 one?\n" }, { "role": "agent", "content": "1.13333" } ]
CONVFINQA8423	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2014 . we elected to use the step 1 quantitative assessment for our reporting units and determined that there was no impairment of goodwill . there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2014 , 2013 or 2012 . our intangible assets are amortized over their estimated useful lives of 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>weighted averageuseful life ( years )</td></tr><tr><td>2</td><td>purchased technology</td><td>6</td></tr><tr><td>3</td><td>customer contracts and relationships</td><td>10</td></tr><tr><td>4</td><td>trademarks</td><td>8</td></tr><tr><td>5</td><td>acquired rights to use technology</td><td>8</td></tr><tr><td>6</td><td>localization</td><td>1</td></tr><tr><td>7</td><td>other intangibles</td><td>3</td></tr></table> software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not . taxes collected from customers we net taxes collected from customers against those remitted to government authorities in our financial statements . accordingly , taxes collected from customers are not reported as revenue. .\nQuestion: what is the average useful life for trademarks?\n" }, { "role": "agent", "content": "8.0" } ]
CONVFINQA8023	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 was the lowest risk free rate from 2018?\nAnswer: 0.0161\nQuestion: what was the highest risk free rate from 2018?\n" }, { "role": "agent", "content": "0.0214" } ]
CONVFINQA7924	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnote 17 . accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( losses ) earnings ( in millions )</td><td>( losses ) earnings 2017</td><td>( losses ) earnings 2016</td><td>2015</td></tr><tr><td>2</td><td>currency translation adjustments</td><td>$ -5761 ( 5761 )</td><td>$ -6091 ( 6091 )</td><td>$ -6129 ( 6129 )</td></tr><tr><td>3</td><td>pension and other benefits</td><td>-2816 ( 2816 )</td><td>-3565 ( 3565 )</td><td>-3332 ( 3332 )</td></tr><tr><td>4</td><td>derivatives accounted for as hedges</td><td>42</td><td>97</td><td>59</td></tr><tr><td>5</td><td>total accumulated other comprehensive losses</td><td>$ -8535 ( 8535 )</td><td>$ -9559 ( 9559 )</td><td>$ -9402 ( 9402 )</td></tr></table> reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2017 , 2016 , and 2015 . for the years ended december 31 , 2017 , 2016 , and 2015 , $ 2 million , $ ( 5 ) million and $ 1 million of net currency translation adjustment gains/ ( losses ) were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings , respectively , upon liquidation of subsidiaries . for additional information , see note 13 . benefit plans and note 15 . financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments . note 18 . contingencies : tobacco-related litigation legal proceedings covering a wide range of matters are pending or threatened against us , and/or our subsidiaries , and/or our indemnitees in various jurisdictions . our indemnitees include distributors , licensees and others that have been named as parties in certain cases and that we have agreed to defend , as well as to pay costs and some or all of judgments , if any , that may be entered against them . pursuant to the terms of the distribution agreement between altria group , inc . ( \"altria\" ) and pmi , pmi will indemnify altria and philip morris usa inc . ( \"pm usa\" ) , a u.s . tobacco subsidiary of altria , for tobacco product claims based in substantial part on products manufactured by pmi or contract manufactured for pmi by pm usa , and pm usa will indemnify pmi for tobacco product claims based in substantial part on products manufactured by pm usa , excluding tobacco products contract manufactured for pmi . it is possible that there could be adverse developments in pending cases against us and our subsidiaries . an unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation . damages claimed in some of the tobacco-related litigation are significant and , in certain cases in brazil , canada and nigeria , range into the billions of u.s . dollars . the variability in pleadings in multiple jurisdictions , together with the actual experience of management in litigating claims , demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome . much of the tobacco-related litigation is in its early stages , and litigation is subject to uncertainty . however , as discussed below , we have to date been largely successful in defending tobacco-related litigation . we and our subsidiaries record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated . at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , after assessing the information available to it ( i ) management has not concluded that it is probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss for any of the pending tobacco-related cases ; and ( iii ) accordingly , no estimated loss has been accrued in the consolidated financial statements for unfavorable outcomes in these cases , if any . legal defense costs are expensed as incurred. .\nQuestion: what was the total accumulated other comprehensive losses in 2017?\nAnswer: -8535.0\nQuestion: and in 2016?\n" }, { "role": "agent", "content": "-9559.0" } ]
CONVFINQA9688	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 and 2009 , the company had $ 295.4 million and $ 295.0 million net , respectively ( $ 300.0 million aggregate principal amount ) outstanding under the 7.25% ( 7.25 % ) notes . as of december 31 , 2010 and 2009 , the carrying value includes a discount of $ 4.6 million and $ 5.0 million , respectively . 5.0% ( 5.0 % ) convertible notes 2014the 5.0% ( 5.0 % ) convertible notes due 2010 ( 201c5.0% ( 201c5.0 % ) notes 201d ) matured on february 15 , 2010 , and interest was payable semiannually on february 15 and august 15 of each year . the 5.0% ( 5.0 % ) notes were convertible at any time into shares of the company 2019s class a common stock ( 201ccommon stock 201d ) at a conversion price of $ 51.50 per share , subject to adjustment in certain cases . as of december 31 , 2010 and 2009 , the company had none and $ 59.7 million outstanding , respectively , under the 5.0% ( 5.0 % ) notes . ati 7.25% ( 7.25 % ) senior subordinated notes 2014the ati 7.25% ( 7.25 % ) notes were issued with a maturity of december 1 , 2011 and interest was payable semi-annually in arrears on june 1 and december 1 of each year . the ati 7.25% ( 7.25 % ) notes were jointly and severally guaranteed on a senior subordinated basis by the company and substantially all of the wholly owned domestic restricted subsidiaries of ati and the company , other than spectrasite and its subsidiaries . the notes ranked junior in right of payment to all existing and future senior indebtedness of ati , the sister guarantors ( as defined in the indenture relating to the notes ) and their domestic restricted subsidiaries . the ati 7.25% ( 7.25 % ) notes were structurally senior in right of payment to all other existing and future indebtedness of the company , including the company 2019s senior notes , convertible notes and the revolving credit facility and term loan . during the year ended december 31 , 2010 , ati issued a notice for the redemption of the principal amount of its outstanding ati 7.25% ( 7.25 % ) notes . in accordance with the redemption provisions and the indenture for the ati 7.25% ( 7.25 % ) notes , the notes were redeemed at a price equal to 100.00% ( 100.00 % ) of the principal amount , plus accrued and unpaid interest up to , but excluding , september 23 , 2010 , for an aggregate purchase price of $ 0.3 million . as of december 31 , 2010 and 2009 , the company had none and $ 0.3 million , respectively , outstanding under the ati 7.25% ( 7.25 % ) notes . capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 46.3 million and $ 59.0 million as of december 31 , 2010 and 2009 , respectively . these obligations bear interest at rates ranging from 2.5% ( 2.5 % ) to 9.3% ( 9.3 % ) and mature in periods ranging from less than one year to approximately seventy years . maturities 2014as of december 31 , 2010 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2011</td><td>$ 74896</td></tr><tr><td>2</td><td>2012</td><td>625884</td></tr><tr><td>3</td><td>2013</td><td>618</td></tr><tr><td>4</td><td>2014</td><td>1750479</td></tr><tr><td>5</td><td>2015</td><td>600489</td></tr><tr><td>6</td><td>thereafter</td><td>2541858</td></tr><tr><td>7</td><td>total cash obligations</td><td>5594224</td></tr><tr><td>8</td><td>unamortized discounts and premiums net</td><td>-6836 ( 6836 )</td></tr><tr><td>9</td><td>balance as of december 31 2010</td><td>$ 5587388</td></tr></table> .\nQuestion: what was the change in the balance of capital lease obligations and notes payable between 2009 and 2010?\nAnswer: -12.7\nQuestion: and the percentage change?\nAnswer: -0.21525\nQuestion: what portion of total cash obligations is due within the next 12 months?\n" }, { "role": "agent", "content": "0.01339" } ]
CONVFINQA1132	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.3 billion for 2013 , $ 2.1 billion for 2012 , and $ 2.2 billion for 2011 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2013 2012 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2013</td><td>dec . 312012</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 803</td><td>$ 825</td></tr><tr><td>3</td><td>income and other taxes payable</td><td>491</td><td>368</td></tr><tr><td>4</td><td>accrued wages and vacation</td><td>385</td><td>376</td></tr><tr><td>5</td><td>dividends payable</td><td>356</td><td>318</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>207</td><td>213</td></tr><tr><td>7</td><td>interest payable</td><td>169</td><td>172</td></tr><tr><td>8</td><td>equipment rents payable</td><td>96</td><td>95</td></tr><tr><td>9</td><td>other</td><td>579</td><td>556</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 3086</td><td>$ 2923</td></tr></table> .\nQuestion: what was the net change in value of total expenses for repairs and maintenance from 2012 to 2013?\nAnswer: 0.2\nQuestion: what was the value in 2012?\nAnswer: 2.1\nQuestion: what is the net change over the 2012 value?\n" }, { "role": "agent", "content": "0.09524" } ]
CONVFINQA4138	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndecember 31 , 2008 , 2007 and 2006 , included ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>gain on disposition adjustment or impairment of acquired assets and obligations</td><td>$ -9.0 ( 9.0 )</td><td>$ -1.2 ( 1.2 )</td><td>$ -19.2 ( 19.2 )</td></tr><tr><td>3</td><td>consulting and professional fees</td><td>10.1</td><td>1.0</td><td>8.8</td></tr><tr><td>4</td><td>employee severance and retention</td><td>1.9</td><td>1.6</td><td>3.3</td></tr><tr><td>5</td><td>information technology integration</td><td>0.9</td><td>2.6</td><td>3.0</td></tr><tr><td>6</td><td>in-process research & development</td><td>38.5</td><td>6.5</td><td>2.9</td></tr><tr><td>7</td><td>integration personnel</td><td>2013</td><td>2013</td><td>2.5</td></tr><tr><td>8</td><td>facility and employee relocation</td><td>7.5</td><td>2013</td><td>1.0</td></tr><tr><td>9</td><td>distributor acquisitions</td><td>7.3</td><td>4.1</td><td>2013</td></tr><tr><td>10</td><td>sales agent and lease contract terminations</td><td>8.1</td><td>5.4</td><td>0.2</td></tr><tr><td>11</td><td>other</td><td>3.2</td><td>5.2</td><td>3.6</td></tr><tr><td>12</td><td>acquisition integration and other</td><td>$ 68.5</td><td>$ 25.2</td><td>$ 6.1</td></tr></table> included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2008 is a favorable adjustment to certain liabilities of acquired companies due to changes in circumstances surrounding those liabilities subsequent to the related measurement period . included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2006 is the sale of the former centerpulse austin land and facilities for a gain of $ 5.1 million and the favorable settlement of two pre- acquisition contingent liabilities . these gains were offset by a $ 13.4 million impairment charge for certain centerpulse tradename and trademark intangibles based principally in our europe operating segment . in-process research and development charges for 2008 are related to the acquisition of abbott spine . in-process research and development charges for 2007 are related to the acquisitions of endius and orthosoft . consulting and professional fees relate to third- party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources and legal fees related to matters involving acquired businesses . cash and equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents . the carrying amounts reported in the balance sheet for cash and equivalents are valued at cost , which approximates their fair value . restricted cash is primarily composed of cash held in escrow related to certain insurance coverage . inventories 2013 inventories , net of allowances for obsolete and slow-moving goods , are stated at the lower of cost or market , with cost determined on a first-in first-out basis . property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements , three to eight years for machinery and equipment . maintenance and repairs are expensed as incurred . in accordance with statement of financial accounting standards ( 201csfas 201d ) no . 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable . an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount . an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value . software costs 2013 we capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended . capitalized software costs generally include external direct costs of materials and services utilized in developing or obtaining computer software and compensation and related benefits for employees who are directly associated with the software project . capitalized software costs are included in property , plant and equipment on our balance sheet and amortized on a straight-line basis when the software is ready for its intended use over the estimated useful lives of the software , which approximate three to seven years . instruments 2013 instruments are hand-held devices used by orthopaedic surgeons during total joint replacement and other surgical procedures . instruments are recognized as long-lived assets and are included in property , plant and equipment . undeployed instruments are carried at cost , net of allowances for excess and obsolete instruments . instruments in the field are carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on average estimated useful lives , determined principally in reference to associated product life cycles , primarily five years . we review instruments for impairment in accordance with sfas no . 144 . depreciation of instruments is recognized as selling , general and administrative expense . goodwill 2013 we account for goodwill in accordance with sfas no . 142 , 201cgoodwill and other intangible assets . 201d goodwill is not amortized but is subject to annual impairment tests . goodwill has been assigned to reporting units . we perform annual impairment tests by comparing each reporting unit 2019s fair value to its carrying amount to determine if there is potential impairment . the fair value of the reporting unit and the implied fair value of goodwill are determined based upon a discounted cash flow analysis . significant assumptions are incorporated into to these discounted cash flow analyses such as estimated growth rates and risk-adjusted discount rates . we perform this test in the fourth quarter of the year . if the fair value of the reporting unit is less than its carrying value , an impairment loss is recorded to the extent that the implied fair value of the reporting unit goodwill is less than the carrying value of the reporting unit goodwill . intangible assets 2013 we account for intangible assets in accordance with sfas no . 142 . intangible assets are initially measured at their fair value . we have determined the fair value of our intangible assets either by the fair value of the z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg* transmitting job : c48761 pcn : 044000000 *%%pcmsg\|44 \|00007\|yes\|no\|02/24/2009 06:10\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: what was the information technology integration value in 2007?\nAnswer: 3.0\nQuestion: and what was that value in 2006?\n" }, { "role": "agent", "content": "2.6" } ]
CONVFINQA5452	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nholders of grupo gondi manage the joint venture and we provide technical and commercial resources . we believe the joint venture is helping us to grow our presence in the attractive mexican market . we have included the financial results of the joint venture in our corrugated packaging segment since the date of formation . we are accounting for the investment on the equity method . on january 19 , 2016 , we completed the packaging acquisition . the entities acquired provide value-added folding carton and litho-laminated display packaging solutions . we believe the transaction has provided us with attractive and complementary customers , markets and facilities . we have included the financial results of the acquired entities in our consumer packaging segment since the date of the acquisition . on october 1 , 2015 , we completed the sp fiber acquisition . the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper . the newberg mill also produced newsprint . as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in green power solutions of georgia , llc ( fffdgps fffd ) , which we consolidate . gps is a joint venture providing steam to the dublin mill and electricity to georgia power . subsequent to the transaction , we announced the permanent closure of the newberg mill due to the decline in market conditions of the newsprint business and our need to balance supply and demand in our containerboard system . we have included the financial results of the acquired entities in our corrugated packaging segment since the date of the acquisition . see fffdnote 2 . mergers , acquisitions and investment fffdtt of the notes to consolidated financial statements for additional information . see also item 1a . fffdrisk factors fffd fffdwe may be unsuccessful in making and integrating mergers , acquisitions and investments and completing divestitures fffd . business . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>year ended september 30 , 2018</td><td>year ended september 30 , 2017</td><td>year ended september 30 , 2016</td></tr><tr><td>2</td><td>net sales</td><td>$ 16285.1</td><td>$ 14859.7</td><td>$ 14171.8</td></tr><tr><td>3</td><td>segment income</td><td>$ 1685.0</td><td>$ 1193.5</td><td>$ 1226.2</td></tr></table> in fiscal 2018 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win . we successfully executed this strategy in fiscal 2018 in a rapidly changing cost and price environment . net sales of $ 16285.1 million for fiscal 2018 increased $ 1425.4 million , or 9.6% ( 9.6 % ) , compared to fiscal 2017 . the increase was primarily a result of an increase in corrugated packaging segment sales , driven by higher selling price/mix and the contributions from acquisitions , and increased consumer packaging segment sales , primarily due to the contribution from acquisitions ( primarily the mps acquisition ) . these increases were partially offset by the absence of net sales from hh&b in fiscal 2018 due to the sale of hh&b in april 2017 and lower land and development segment sales compared to the prior year period due to the timing of real estate sales as we monetize the portfolio and lower merchandising display sales in the consumer packaging segment . segment income increased $ 491.5 million in fiscal 2018 compared to fiscal 2017 , primarily due to increased corrugated packaging segment income . with respect to segment income , we experienced higher levels of cost inflation during fiscal 2018 as compared to fiscal 2017 , which was partially offset by recycled fiber deflation . the primary inflationary items were freight costs , chemical costs , virgin fiber costs and wage and other costs . productivity improvements in fiscal 2018 more than offset the net impact of cost inflation . while it is difficult to predict specific inflationary items , we expect higher cost inflation to continue through fiscal 2019 . our corrugated packaging segment increased its net sales by $ 695.1 million in fiscal 2018 to $ 9103.4 million from $ 8408.3 million in fiscal 2017 . the increase in net sales was primarily due to higher corrugated selling price/mix and higher corrugated volumes ( including acquisitions ) , which were partially offset by lower net sales from recycling operations due to lower recycled fiber costs , lower sales related to the deconsolidation of a foreign joint venture in fiscal 2017 and the impact of foreign currency . north american box shipments increased 4.1% ( 4.1 % ) on a per day basis in fiscal 2018 compared to fiscal 2017 . segment income attributable to the corrugated packaging segment in fiscal 2018 increased $ 454.0 million to $ 1207.9 million compared to $ 753.9 million in fiscal 2017 . the increase was primarily due to higher selling price/mix , lower recycled fiber costs and productivity improvements which were partially offset by higher levels of cost inflation and other items , including increased depreciation and amortization . our consumer packaging segment increased its net sales by $ 838.9 million in fiscal 2018 to $ 7291.4 million from $ 6452.5 million in fiscal 2017 . the increase in net sales was primarily due to an increase in net sales from acquisitions ( primarily the mps acquisition ) and higher selling price/mix partially offset by the absence of net sales from hh&b in fiscal 2018 due to the hh&b sale in april 2017 and lower volumes . segment income attributable to .\nQuestion: what is the segment income of year ended september 30, 2018?\nAnswer: 1685.0\nQuestion: and that of year ended september 30, 2017?\n" }, { "role": "agent", "content": "1193.5" } ]
CONVFINQA4759	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhost hotels & resorts , inc. , host hotels & resorts , l.p. , and subsidiaries notes to consolidated financial statements 2014 ( continued ) cash paid for income taxes , net of refunds received , was $ 40 million , $ 15 million , and $ 9 million in 2017 , 2016 , and 2015 , respectively . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 11</td><td>$ 11</td></tr><tr><td>3</td><td>balance at december 31</td><td>$ 11</td><td>$ 11</td></tr></table> all of such uncertain tax position amounts , if recognized , would impact our reconciliation between the income tax provision calculated at the statutory u.s . federal income tax rate of 35% ( 35 % ) ( 21% ( 21 % ) beginning with calendar year 2018 ) and the actual income tax provision recorded each year . as of december 31 , 2017 , the tax years that remain subject to examination by major tax jurisdictions generally include 2014-2017 . there were no material interest or penalties recorded for the years ended december 31 , 2017 , 2016 , and 2015 . 7 . leases taxable reit subsidiaries leases we lease substantially all of our hotels to a wholly owned subsidiary that qualifies as a taxable reit subsidiary due to federal income tax restrictions on a reit 2019s ability to derive revenue directly from the operation and management of a hotel . ground leases as of december 31 , 2017 , all or a portion of 26 of our hotels are subject to ground leases , generally with multiple renewal options , all of which are accounted for as operating leases . for lease agreements with scheduled rent increases , we recognize the lease expense ratably over the term of the lease . certain of these leases contain provisions for the payment of contingent rentals based on a percentage of sales in excess of stipulated amounts . other lease information we also have leases on facilities used in our former restaurant business , all of which we subsequently subleased . these leases and subleases contain one or more renewal options , generally for five- or ten-year periods . the restaurant leases are accounted for as operating leases . our contingent liability related to these leases is $ 9 million as of december 31 , 2017 . we , however , consider the likelihood of any material funding related to these leases to be remote . our leasing activity also includes those entered into by our hotels for various types of equipment , such as computer equipment , vehicles and telephone systems . equipment leases are accounted for either as operating or capital leases , depending upon the characteristics of the particular lease arrangement . equipment leases that are characterized as capital leases are classified as furniture and equipment and are depreciated over the life of the lease . the amortization expense applicable to capitalized leases is included in depreciation expense. .\nQuestion: what was the net change in cash paid for income taxes, net of refunds received from 2016 to 2017?\nAnswer: 25.0\nQuestion: what was this value in 2016?\n" }, { "role": "agent", "content": "15.0" } ]
CONVFINQA6504	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nn o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( c o n t i n u e d ) the realization of this investment gain ( $ 5624 net of the award ) . this award , which will be paid out over a three-year period , is presented as deferred compensation award on the balance sheet . as of december 31 , 2002 , $ 1504 had been paid against this compensation award . 401 ( k ) plan during august 1997 , the company implemented a 401 ( k ) savings/retirement plan ( the 201c401 ( k ) plan 201d ) to cover eligible employees of the company and any designated affiliate . the 401 ( k ) plan permits eligible employees of the company to defer up to 15% ( 15 % ) of their annual compensation , subject to cer- tain limitations imposed by the code . the employees 2019 elec- tive deferrals are immediately vested and non-forfeitable upon contribution to the 401 ( k ) plan . during 2000 , the company amended its 401 ( k ) plan to include a matching contribution , subject to erisa limitations , equal to 50% ( 50 % ) of the first 4% ( 4 % ) of annual compensation deferred by an employee . for the years ended december 31 , 2002 , 2001 and 2000 , the company made matching contributions of $ 140 , $ 116 and $ 54 , respectively . 18 . commitments and contingencies the company and the operating partnership are not presently involved in any material litigation nor , to their knowledge , is any material litigation threatened against them or their properties , other than routine litigation arising in the ordinary course of business . management believes the costs , if any , incurred by the company and the operating partnership related to this litigation will not materially affect the financial position , operating results or liquidity of the company and the operating partnership . on october 24 , 2001 , an accident occurred at 215 park avenue south , a property which the company manages , but does not own . personal injury claims have been filed against the company and others by 11 persons . the company believes that there is sufficient insurance coverage to cover the cost of such claims , as well as any other personal injury or property claims which may arise . the company has entered into employment agreements with certain executives . six executives have employment agreements which expire between november 2003 and december 2007 . the cash based compensation associated with these employment agreements totals approximately $ 2125 for 2003 . during march 1998 , the company acquired an operating sub-leasehold position at 420 lexington avenue . the oper- ating sub-leasehold position requires annual ground lease payments totaling $ 6000 and sub-leasehold position pay- ments totaling $ 1100 ( excluding an operating sub-lease position purchased january 1999 ) . the ground lease and sub-leasehold positions expire 2008 . the company may extend the positions through 2029 at market rents . the property located at 1140 avenue of the americas operates under a net ground lease ( $ 348 annually ) with a term expiration date of 2016 and with an option to renew for an additional 50 years . the property located at 711 third avenue operates under an operating sub-lease which expires in 2083 . under the sub- lease , the company is responsible for ground rent payments of $ 1600 annually which increased to $ 3100 in july 2001 and will continue for the next ten years . the ground rent is reset after year ten based on the estimated fair market value of the property . in april 1988 , the sl green predecessor entered into a lease agreement for property at 673 first avenue in new york city , which has been capitalized for financial statement purposes . land was estimated to be approximately 70% ( 70 % ) of the fair market value of the property . the portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease . the initial lease term is 49 years with an option for an additional 26 years . beginning in lease years 11 and 25 , the lessor is entitled to additional rent as defined by the lease agreement . the company continues to lease the 673 first avenue prop- erty which has been classified as a capital lease with a cost basis of $ 12208 and cumulative amortization of $ 3579 and $ 3306 at december 31 , 2002 and 2001 , respectively . the fol- lowing is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of december 31 , 2002 . non-cancellable operating december 31 , capital leases leases . <table class='wikitable'><tr><td>1</td><td>december 31,</td><td>capital leases</td><td>non-cancellable operating leases</td></tr><tr><td>2</td><td>2003</td><td>$ 1290</td><td>$ 11982</td></tr><tr><td>3</td><td>2004</td><td>1290</td><td>11982</td></tr><tr><td>4</td><td>2005</td><td>1290</td><td>11982</td></tr><tr><td>5</td><td>2006</td><td>1322</td><td>11982</td></tr><tr><td>6</td><td>2007</td><td>1416</td><td>11982</td></tr><tr><td>7</td><td>thereafter</td><td>56406</td><td>296277</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>63014</td><td>356187</td></tr><tr><td>9</td><td>less amount representing interest</td><td>47152</td><td>2014</td></tr><tr><td>10</td><td>present value of net minimum lease payments</td><td>$ 15862</td><td>$ 356187</td></tr></table> 19 . financial instruments : derivatives and hedging financial accounting standards board 2019s statement no . 133 , 201caccounting for derivative instruments and hedging activities , 201d ( 201csfas 133 201d ) which became effective january 1 , 2001 requires the company to recognize all derivatives on the balance sheet at fair value . derivatives that are not hedges must be adjusted to fair value through income . if a derivative is a hedge , depending on the nature of the hedge , f i f t y - t w o s l g r e e n r e a l t y c o r p . .\nQuestion: what is the minimum payment for capital leases due in 2003?\nAnswer: 1290.0\nQuestion: what about the total minimum lease payments?\nAnswer: 63014.0\nQuestion: what portion is due in 2003?\n" }, { "role": "agent", "content": "0.02047" } ]
CONVFINQA10519	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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: together, what were the allowance for other funds and for borrowed funds used during construction in 2016?\n" }, { "role": "agent", "content": "21.0" } ]
CONVFINQA10877	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 summary , our cash flows for each period were as follows : years ended ( in millions ) dec 30 , dec 31 , dec 26 . <table class='wikitable'><tr><td>1</td><td>years ended ( in millions )</td><td>dec 302017</td><td>dec 312016</td><td>dec 262015</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 22110</td><td>$ 21808</td><td>$ 19018</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>-15762 ( 15762 )</td><td>-25817 ( 25817 )</td><td>-8183 ( 8183 )</td></tr><tr><td>4</td><td>net cash provided by ( used for ) financing activities</td><td>-8475 ( 8475 )</td><td>-5739 ( 5739 )</td><td>1912</td></tr><tr><td>5</td><td>net increase ( decrease ) in cash and cash equivalents</td><td>$ -2127 ( 2127 )</td><td>$ -9748 ( 9748 )</td><td>$ 12747</td></tr></table> operating activities cash provided by operating activities is net income adjusted for certain non-cash items and changes in assets and liabilities . for 2017 compared to 2016 , the $ 302 million increase in cash provided by operating activities was due to changes to working capital partially offset by adjustments for non-cash items and lower net income . tax reform did not have an impact on our 2017 cash provided by operating activities . the increase in cash provided by operating activities was driven by increased income before taxes and $ 1.0 billion receipts of customer deposits . these increases were partially offset by increased inventory and accounts receivable . income taxes paid , net of refunds , in 2017 compared to 2016 were $ 2.9 billion higher due to higher income before taxes , taxable gains on sales of asml , and taxes on the isecg divestiture . we expect approximately $ 2.0 billion of additional customer deposits in 2018 . for 2016 compared to 2015 , the $ 2.8 billion increase in cash provided by operating activities was due to adjustments for non-cash items and changes in working capital , partially offset by lower net income . the adjustments for non-cash items were higher in 2016 primarily due to restructuring and other charges and the change in deferred taxes , partially offset by lower depreciation . investing activities investing cash flows consist primarily of capital expenditures ; investment purchases , sales , maturities , and disposals ; and proceeds from divestitures and cash used for acquisitions . our capital expenditures were $ 11.8 billion in 2017 ( $ 9.6 billion in 2016 and $ 7.3 billion in 2015 ) . the decrease in cash used for investing activities in 2017 compared to 2016 was primarily due to higher net activity of available-for sale-investments in 2017 , proceeds from our divestiture of isecg in 2017 , and higher maturities and sales of trading assets in 2017 . this activity was partially offset by higher capital expenditures in 2017 . the increase in cash used for investing activities in 2016 compared to 2015 was primarily due to our completed acquisition of altera , net purchases of trading assets in 2016 compared to net sales of trading assets in 2015 , and higher capital expenditures in 2016 . this increase was partially offset by lower investments in non-marketable equity investments . financing activities financing cash flows consist primarily of repurchases of common stock , payment of dividends to stockholders , issuance and repayment of short-term and long-term debt , and proceeds from the sale of shares of common stock through employee equity incentive plans . the increase in cash used for financing activities in 2017 compared to 2016 was primarily due to net long-term debt activity , which was a use of cash in 2017 compared to a source of cash in 2016 . during 2017 , we repurchased $ 3.6 billion of common stock under our authorized common stock repurchase program , compared to $ 2.6 billion in 2016 . as of december 30 , 2017 , $ 13.2 billion remained available for repurchasing common stock under the existing repurchase authorization limit . we base our level of common stock repurchases on internal cash management decisions , and this level may fluctuate . proceeds from the sale of common stock through employee equity incentive plans totaled $ 770 million in 2017 compared to $ 1.1 billion in 2016 . our total dividend payments were $ 5.1 billion in 2017 compared to $ 4.9 billion in 2016 . we have paid a cash dividend in each of the past 101 quarters . in january 2018 , our board of directors approved an increase to our cash dividend to $ 1.20 per share on an annual basis . the board has declared a quarterly cash dividend of $ 0.30 per share of common stock for q1 2018 . the dividend is payable on march 1 , 2018 to stockholders of record on february 7 , 2018 . cash was used for financing activities in 2016 compared to cash provided by financing activities in 2015 , primarily due to fewer debt issuances and the repayment of debt in 2016 . this activity was partially offset by repayment of commercial paper in 2015 and fewer common stock repurchases in 2016 . md&a - results of operations consolidated results and analysis 37 .\nQuestion: what is the net cash provided by operating activities in 2016?\nAnswer: 21808.0\nQuestion: what about in 2015?\nAnswer: 19018.0\nQuestion: what is the difference?\n" }, { "role": "agent", "content": "2790.0" } ]
CONVFINQA7703	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 17 . unconditional purchase obligations the company has entered into various unconditional purchase obligations which primarily include software licenses and long- term purchase contracts for network , communication and office maintenance services . the company expended $ 7.2 million , $ 5.3 million and $ 2.9 million related to unconditional purchase obligations that existed as of the beginning of each year for the years ended december 31 , 2016 , 2015 and 2014 , respectively . future expenditures under unconditional purchase obligations in effect as of december 31 , 2016 are as follows : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 14134</td></tr><tr><td>2</td><td>2018</td><td>10288</td></tr><tr><td>3</td><td>2019</td><td>9724</td></tr><tr><td>4</td><td>2020</td><td>2617</td></tr><tr><td>5</td><td>2021</td><td>652</td></tr><tr><td>6</td><td>total</td><td>$ 37415</td></tr></table> 18 . restructuring during the fourth quarter of 2016 , the company initiated workforce realignment activities . the company incurred $ 3.4 million in restructuring charges , or $ 2.4 million net of tax , during the year ended december 31 , 2016 . the company expects to incur additional charges of $ 10 million - $ 15 million , or $ 7 million - $ 10 million net of tax , primarily during the first quarter of 2017 . 19 . employment-related settlement on february 15 , 2017 , the company entered into an employment-related settlement agreement . in connection with the settlement agreement , the company will make a lump-sum payment of $ 4.7 million . the charges related to this agreement are included in selling , general and administrative expense in the 2016 consolidated statement of income . as part of the settlement agreement , all the claims initiated against the company will be withdrawn and a general release of all claims in favor of the company and all of its related entities was executed . 20 . contingencies and commitments the company is subject to various investigations , claims and legal proceedings that arise in the ordinary course of business , including commercial disputes , labor and employment matters , tax audits , alleged infringement of intellectual property rights and other matters . in the opinion of the company , the resolution of pending matters is not expected to have a material adverse effect on the company's consolidated results of operations , cash flows or financial position . however , each of these matters is subject to various uncertainties and it is possible that an unfavorable resolution of one or more of these proceedings could materially affect the company's results of operations , cash flows or financial position . an indian subsidiary of the company has several service tax audits pending that have resulted in formal inquiries being received on transactions through mid-2012 . the company could incur tax charges and related liabilities , including those related to the service tax audit case , of approximately $ 7 million . the service tax issues raised in the company 2019s notices and inquiries are very similar to the case , m/s microsoft corporation ( i ) ( p ) ltd . vs commissioner of service tax , new delhi , wherein the delhi customs , excise and service tax appellate tribunal ( cestat ) has passed a favorable ruling to microsoft . the company can provide no assurances on whether the microsoft case 2019s favorable ruling will be challenged in higher courts or on the impact that the present microsoft case 2019s decision will have on the company 2019s cases . the company is uncertain as to when these service tax matters will be concluded . a french subsidiary of the company received notice that the french taxing authority rejected the company's 2012 research and development credit . the company has contested the decision . however , if the company does not receive a favorable outcome , it could incur charges of approximately $ 0.8 million . in addition , an unfavorable outcome could result in the authorities reviewing or rejecting $ 3.8 million of similar research and development credits for 2013 through the current year that are currently reflected as an asset . the company can provide no assurances on the timing or outcome of this matter. .\nQuestion: what was the value of expenditures in 2017?\nAnswer: 14134.0\nQuestion: what was the value in 2018?\nAnswer: 10288.0\nQuestion: what is the 2017 value less the 2018?\nAnswer: 3846.0\nQuestion: what is the 2018 value?\nAnswer: 14134.0\nQuestion: what is the difference over the 2018 value?\n" }, { "role": "agent", "content": "0.27211" } ]
CONVFINQA7089	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ns c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2009 , 2008 , and 2007 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to . <table class='wikitable'><tr><td>1</td><td>for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages )</td><td>direct amount</td><td>ceded to other companies</td><td>assumed from other companies</td><td>net amount</td><td>percentage of amount assumed to net</td></tr><tr><td>2</td><td>2009</td><td>$ 15415</td><td>$ 5943</td><td>$ 3768</td><td>$ 13240</td><td>28% ( 28 % )</td></tr><tr><td>3</td><td>2008</td><td>$ 16087</td><td>$ 6144</td><td>$ 3260</td><td>$ 13203</td><td>25% ( 25 % )</td></tr><tr><td>4</td><td>2007</td><td>$ 14673</td><td>$ 5834</td><td>$ 3458</td><td>$ 12297</td><td>28% ( 28 % )</td></tr></table> .\nQuestion: what is the amount ceded to other companies in 2009?\nAnswer: 5943.0\nQuestion: what about the total direct amount in 2009?\nAnswer: 15415.0\nQuestion: what portion of the direct amount is ceded to other companies?\n" }, { "role": "agent", "content": "0.38553" } ]
CONVFINQA6088	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n38 2015 ppg annual report and form 10-k notes to the consolidated financial statements 1 . summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc . ( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s . and non-u.s. , that it controls . ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls . for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests . investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting . as a result , ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in 201cinvestments 201d in the accompanying consolidated balance sheet . transactions between ppg and its subsidiaries are eliminated in consolidation . use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s . generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period . such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated . actual outcomes could differ from those estimates . revenue recognition the company recognizes revenue when the earnings process is complete . revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered . shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income . shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales , exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income . selling , general and administrative costs amounts presented as 201cselling , general and administrative 201d in the accompanying consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate- wide functional support in such areas as finance , law , human resources and planning . distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses , terminals and other distribution facilities . advertising costs advertising costs are expensed as incurred and totaled $ 324 million , $ 297 million and $ 235 million in 2015 , 2014 and 2013 , respectively . research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>research and development 2013 total</td><td>$ 505</td><td>$ 509</td><td>$ 479</td></tr><tr><td>3</td><td>less depreciation on research facilities</td><td>19</td><td>17</td><td>16</td></tr><tr><td>4</td><td>research and development net</td><td>$ 486</td><td>$ 492</td><td>$ 463</td></tr></table> legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred . foreign currency translation the functional currency of most significant non-u.s . operations is their local currency . assets and liabilities of those operations are translated into u.s . dollars using year-end exchange rates ; income and expenses are translated using the average exchange rates for the reporting period . unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss , a separate component of shareholders 2019 equity . cash equivalents cash equivalents are highly liquid investments ( valued at cost , which approximates fair value ) acquired with an original maturity of three months or less . short-term investments short-term investments are highly liquid , high credit quality investments ( valued at cost plus accrued interest ) that have stated maturities of greater than three months to one year . the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows . marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .\nQuestion: what was the value for research and development in 2014?\nAnswer: 509.0\nQuestion: what was the value in 2013?\nAnswer: 479.0\nQuestion: what is the net change in value?\n" }, { "role": "agent", "content": "30.0" } ]
CONVFINQA830	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nassets ( including trade receivables ) that are in the scope of the update . asu 2016-13 also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees . the guidance will become effective for us on january 1 , 2020 . early adoption is permitted for periods beginning on or after january 1 , 2019 . we are evaluating the effect of asu 2016-13 on our consolidated financial statements . note 2 2014 acquisitions the transactions described below were accounted for as business combinations , which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date . on october 17 , 2018 , we acquired sicom systems , inc . ( 201csicom 201d ) for total purchase consideration of $ 409.2 million , which we funded with cash on hand and by drawing on our revolving credit facility ( described in 201cnote 8 2014 long-term debt and lines of credit 201d ) . sicom is a provider of end-to-end enterprise , cloud-based software solutions and other technologies to quick service restaurants and food service management companies . sicom 2019s technologies are complementary to our existing xenial solutions , and we believe this acquisition will expand our software-driven payments strategy by enabling us to increase our capabilities and expand on our existing presence in the restaurant vertical market . prior to the acquisition , sicom was indirectly owned by a private equity investment firm where one of our board members is a partner and investor . his direct interest in the transaction was approximately $ 1.1 million , the amount distributed to him based on his investment interest in the fund of the private equity firm that sold sicom to us . based on consideration of all relevant information , the audit committee of our board of directors recommended that the board approve the acquisition of sicom , which it did . the provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of december 31 , 2018 , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>cash and cash equivalents</td><td>$ 7540</td></tr><tr><td>2</td><td>property and equipment</td><td>5943</td></tr><tr><td>3</td><td>identified intangible assets</td><td>188294</td></tr><tr><td>4</td><td>other assets</td><td>22278</td></tr><tr><td>5</td><td>deferred income taxes</td><td>-48448 ( 48448 )</td></tr><tr><td>6</td><td>other liabilities</td><td>-31250 ( 31250 )</td></tr><tr><td>7</td><td>total identifiable net assets</td><td>144357</td></tr><tr><td>8</td><td>goodwill</td><td>264844</td></tr><tr><td>9</td><td>total purchase consideration</td><td>$ 409201</td></tr></table> as of december 31 , 2018 , we considered these balances to be provisional because we were still in the process of determining the final purchase consideration , which is subject to adjustment pursuant to the purchase agreement , and gathering and reviewing information to support the valuations of the assets acquired and liabilities assumed . goodwill arising from the acquisition of $ 264.8 million , included in the north america segment , was attributable to expected growth opportunities , an assembled workforce and potential synergies from combining our existing businesses . we expect that approximately $ 50 million of the goodwill from this acquisition will be deductible for income tax purposes . 74 2013 global payments inc . \| 2018 form 10-k annual report .\nQuestion: what was the value of cash and cash equivalents as of 12/31/18?\nAnswer: 7540.0\nQuestion: and for property and equipment?\nAnswer: 5943.0\nQuestion: combined, what was the total value?\nAnswer: 13483.0\nQuestion: and the value for identified intangible assets?\nAnswer: 188294.0\nQuestion: combined, what was the value of all three asset?\n" }, { "role": "agent", "content": "201777.0" } ]
CONVFINQA4048	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 february 2008 , we issued $ 300.0 million of 8.375% ( 8.375 % ) series o cumulative redeemable preferred shares . the indentures ( and related supplemental indentures ) governing our outstanding series of notes also require us to comply with financial ratios and other covenants regarding our operations . we were in compliance with all such covenants as of december 31 , 2007 . sale of real estate assets we utilize sales of real estate assets as an additional source of liquidity . we pursue opportunities to sell real estate assets at favorable prices to capture value created by us as well as to improve the overall quality of our portfolio by recycling sale proceeds into new properties with greater value creation opportunities . uses of liquidity our principal uses of liquidity include the following : 2022 property investments ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; and 2022 other contractual obligations property investments we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential . recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments . the following is a summary of our recurring capital expenditures for the years ended december 31 , 2007 , 2006 and 2005 , respectively ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>recurring tenant improvements</td><td>$ 45296</td><td>$ 41895</td><td>$ 60633</td></tr><tr><td>3</td><td>recurring leasing costs</td><td>32238</td><td>32983</td><td>33175</td></tr><tr><td>4</td><td>building improvements</td><td>8402</td><td>8122</td><td>15232</td></tr><tr><td>5</td><td>totals</td><td>$ 85936</td><td>$ 83000</td><td>$ 109040</td></tr></table> dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders . we paid dividends per share of $ 1.91 , $ 1.89 and $ 1.87 for the years ended december 31 , 2007 , 2006 and 2005 , respectively . we also paid a one-time special dividend of $ 1.05 per share in 2005 as a result of the significant gain realized from an industrial portfolio sale . we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status . however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . debt maturities debt outstanding at december 31 , 2007 totaled $ 4.3 billion with a weighted average interest rate of 5.74% ( 5.74 % ) maturing at various dates through 2028 . we had $ 3.2 billion of unsecured notes , $ 546.1 million outstanding on our unsecured lines of credit and $ 524.4 million of secured debt outstanding at december 31 , 2007 . scheduled principal amortization and maturities of such debt totaled $ 249.8 million for the year ended december 31 , 2007 and $ 146.4 million of secured debt was transferred to unconsolidated subsidiaries in connection with the contribution of properties in 2007. .\nQuestion: what is the increase in dividends per share from 2006 to 2007?\nAnswer: 0.02\nQuestion: what is the dividends per share in 2006?\n" }, { "role": "agent", "content": "1.89" } ]
CONVFINQA1754	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 8 2014commitments and contingencies ( continued ) the following table reconciles changes in the company 2019s accrued warranties and related costs ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>beginning accrued warranty and related costs</td><td>$ 284</td><td>$ 188</td><td>$ 105</td></tr><tr><td>3</td><td>cost of warranty claims</td><td>-281 ( 281 )</td><td>-267 ( 267 )</td><td>-188 ( 188 )</td></tr><tr><td>4</td><td>accruals for product warranties</td><td>227</td><td>363</td><td>271</td></tr><tr><td>5</td><td>ending accrued warranty and related costs</td><td>$ 230</td><td>$ 284</td><td>$ 188</td></tr></table> the company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights . other agreements entered into by the company sometimes include indemnification provisions under which the company could be subject to costs and/or damages in the event of an infringement claim against the company or an indemnified third-party . however , the company has not been required to make any significant payments resulting from such an infringement claim asserted against itself or an indemnified third-party and , in the opinion of management , does not have a potential liability related to unresolved infringement claims subject to indemnification that would have a material adverse effect on its financial condition or operating results . therefore , the company did not record a liability for infringement costs as of either september 29 , 2007 or september 30 , 2006 . concentrations in the available sources of supply of materials and product certain key components including , but not limited to , microprocessors , enclosures , certain lcds , certain optical drives , and application-specific integrated circuits ( 2018 2018asics 2019 2019 ) are currently obtained by the company from single or limited sources which subjects the company to supply and pricing risks . many of these and other key components that are available from multiple sources including , but not limited to , nand flash memory , dram memory , and certain lcds , are at times subject to industry-wide shortages and significant commodity pricing fluctuations . in addition , the company has entered into certain agreements for the supply of critical components at favorable pricing , and there is no guarantee that the company will be able to extend or renew these agreements when they expire . therefore , the company remains subject to significant risks of supply shortages and/or price increases that can adversely affect gross margins and operating margins . in addition , the company uses some components that are not common to the rest of the global personal computer , consumer electronics and mobile communication industries , and new products introduced by the company often utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers . if the supply of a key single-sourced component to the company were to be delayed or curtailed , or in the event a key manufacturing vendor delays shipments of completed products to the company , the company 2019s ability to ship related products in desired quantities and in a timely manner could be adversely affected . the company 2019s business and financial performance could also be 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 may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company 2019s requirements . finally , significant portions of the company 2019s cpus , ipods , iphones , logic boards , and other assembled products are now manufactured by outsourcing partners , primarily in various parts of asia . a significant concentration of this outsourced manufacturing is currently performed by only a few of the company 2019s outsourcing partners , often in single locations . certain of these outsourcing partners are the sole-sourced supplier of components and manufacturing outsourcing for many of the company 2019s key products , including but not limited to , assembly .\nQuestion: what was the difference in accrued warranties and related costs between 2006 and 2007?\nAnswer: -54.0\nQuestion: and the percentage change during this time?\n" }, { "role": "agent", "content": "-0.19014" } ]
CONVFINQA4229	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) . we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries . our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 . we operate in two business segments : rental and management and network development services . for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report . products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment . this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively . our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management . wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue . we also own and operate communications towers in india , where we commenced operations in the second half of 2007 . in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil . approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively . as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states . . . . . . . . . . . 19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors . mexico . . . . . . . . . . . . . . . . 2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco . brazil . . . . . . . . . . . . . . . . . 1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba . india . . . . . . . . . . . . . . . . . . 200 initial-phase coverage ( operations established in the second half of 2007 ) . we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax . paging and fixed microwave . our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa . our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil . for the year ended december 31 . <table class='wikitable'><tr><td>1</td><td>country</td><td>number of owned sites ( approx )</td><td>coverage area</td></tr><tr><td>2</td><td>united states</td><td>19400</td><td>coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .</td></tr><tr><td>3</td><td>mexico</td><td>2500</td><td>coverage primarily concentrated in highly populated areas including mexico city monterrey guadalajara and acapulco .</td></tr><tr><td>4</td><td>brazil</td><td>1100</td><td>coverage primarily concentrated in major metropolitan areas in central and southern brazil including sao paulo rio de janeiro brasilia and curitiba .</td></tr><tr><td>5</td><td>india</td><td>200</td><td>initial-phase coverage ( operations established in the second half of 2007 ) .</td></tr></table> ( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) . we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries . our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 . we operate in two business segments : rental and management and network development services . for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report . products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment . this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively . our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management . wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue . we also own and operate communications towers in india , where we commenced operations in the second half of 2007 . in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil . approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively . as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states . . . . . . . . . . . 19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors . mexico . . . . . . . . . . . . . . . . 2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco . brazil . . . . . . . . . . . . . . . . . 1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba . india . . . . . . . . . . . . . . . . . . 200 initial-phase coverage ( operations established in the second half of 2007 ) . we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax . paging and fixed microwave . our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa . our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil . for the year ended december 31 .\nQuestion: what is the total number of owned sites in united states and mexico, combined?\nAnswer: 21900.0\nQuestion: including brazil, what would then be the total number of owned sites for the three countries?\n" }, { "role": "agent", "content": "23000.0" } ]
CONVFINQA4648	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 november 2016 , we issued $ 45 million of fixed rate term notes in two tranches to two insurance companies . principal payments commence in 2023 and 2028 and the notes mature in 2029 and 2034 , respectively . the notes carry interest rates of 2.87 and 3.10 , respectively . we used proceeds of the notes to pay down borrowings under our revolving credit facility . in january 2015 , we issued $ 75 million of fixed rate term notes to an insurance company . principal payments commence in 2020 and the notes mature in 2030 . the notes carry an interest rate of 3.52 percent . we used proceeds of the notes to pay down borrowings under our revolving credit facility . at december 31 , 2016 , we had available borrowing capacity of $ 310.8 million under this facility . we believe that the combination of cash , available borrowing capacity and operating cash flow will provide sufficient funds to finance our existing operations for the foreseeable future . our total debt increased to $ 323.6 million at december 31 , 2016 compared with $ 249.0 million at december 31 , 2015 , as our cash flows generated in the u.s were more than offset by our share repurchase activity and our purchase of aquasana . as a result , our leverage , as measured by the ratio of total debt to total capitalization , was 17.6 percent at the end of 2016 compared with 14.7 percent at the end of 2015 . our u.s . pension plan continues to meet all funding requirements under erisa regulations . we were not required to make a contribution to our pension plan in 2016 but made a voluntary $ 30 million contribution due to escalating pension benefit guaranty corporation insurance premiums . we forecast that we will not be required to make a contribution to the plan in 2017 and we do not plan to make any voluntary contributions in 2017 . for further information on our pension plans , see note 10 of the notes to consolidated financial statements . during 2016 , our board of directors authorized the purchase of an additional 3000000 shares of our common stock . in 2016 , we repurchased 3273109 shares at an average price of $ 41.30 per share and a total cost of $ 135.2 million . a total of 4906403 shares remained on the existing repurchase authorization at december 31 , 2016 . depending on factors such as stock price , working capital requirements and alternative investment opportunities , such as acquisitions , we expect to spend approximately $ 135 million on share repurchase activity in 2017 using a 10b5-1 repurchase plan . in addition , we may opportunistically repurchase an additional $ 65 million of our shares in 2017 . we have paid dividends for 77 consecutive years with payments increasing each of the last 25 years . we paid dividends of $ 0.48 per share in 2016 compared with $ 0.38 per share in 2015 . in january 2017 , we increased our dividend by 17 percent and anticipate paying dividends of $ 0.56 per share in 2017 . aggregate contractual obligations a summary of our contractual obligations as of december 31 , 2016 , is as follows: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions ) contractual obligations</td><td>( dollars in millions ) total</td><td>( dollars in millions ) less than1 year</td><td>( dollars in millions ) 1 - 2years</td><td>( dollars in millions ) 3 - 5years</td><td>more than5 years</td></tr><tr><td>2</td><td>long-term debt</td><td>$ 323.6</td><td>$ 7.2</td><td>$ 7.2</td><td>$ 202.9</td><td>$ 106.3</td></tr><tr><td>3</td><td>fixed rate interest</td><td>38.6</td><td>4.6</td><td>8.1</td><td>7.2</td><td>18.7</td></tr><tr><td>4</td><td>operating leases</td><td>37.4</td><td>19.5</td><td>7.9</td><td>4.2</td><td>5.8</td></tr><tr><td>5</td><td>purchase obligations</td><td>150.8</td><td>141.4</td><td>5.8</td><td>3.6</td><td>2014</td></tr><tr><td>6</td><td>pension and post-retirement obligations</td><td>66.0</td><td>0.9</td><td>9.5</td><td>8.6</td><td>47.0</td></tr><tr><td>7</td><td>total</td><td>$ 616.4</td><td>$ 173.6</td><td>$ 38.5</td><td>$ 226.5</td><td>$ 177.8</td></tr></table> as of december 31 , 2016 , our liability for uncertain income tax positions was $ 4.2 million . due to the high degree of uncertainty regarding timing of potential future cash flows associated with these liabilities , we are unable to make a reasonably reliable estimate of the amount and period in which these liabilities might be paid . we utilize blanket purchase orders to communicate expected annual requirements to many of our suppliers . requirements under blanket purchase orders generally do not become committed until several weeks prior to our scheduled unit production . the purchase obligation amount presented above represents the value of commitments that we consider firm . recent accounting pronouncements refer to recent accounting pronouncements in note 1 of notes to consolidated financial statements. .\nQuestion: as of december 31, 2016, what was the amount of the long term debt?\nAnswer: 323.6\nQuestion: and what was the total of aggregate contractual obligations?\nAnswer: 616.4\nQuestion: what percentage, then, of this total was due to that amount?\n" }, { "role": "agent", "content": "0.52498" } ]
CONVFINQA6988	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents the following discussion of nonoperating income and expense excludes the results of the merger in order to provide a more meaningful year-over-year comparison . interest expense , net of capitalized interest decreased $ 249 million in 2014 from 2013 primarily due to a $ 149 million decrease in special charges recognized year-over-year as further described below , as well as refinancing activities that resulted in $ 100 million less interest expense recognized in 2014 . ( 1 ) in 2014 , we recognized $ 33 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations . in 2013 , we recognized $ 138 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . in addition , in 2013 we recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs . ( 2 ) as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to 2013 . other nonoperating expense , net in 2014 consisted of $ 114 million of net foreign currency losses , including a $ 43 million special charge for venezuelan foreign currency losses , and $ 56 million in other nonoperating special charges primarily due to early debt extinguishment costs related to the prepayment of our 7.50% ( 7.50 % ) senior secured notes and other indebtedness . the foreign currency losses were driven primarily by the strengthening of the u.s . dollar relative to other currencies during 2014 , principally in the latin american market , including a 48% ( 48 % ) decrease in the value of the venezuelan bolivar and a 14% ( 14 % ) decrease in the value of the brazilian real . other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td></tr><tr><td>2</td><td>labor-related deemed claim ( 1 )</td><td>$ 1733</td></tr><tr><td>3</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>325</td></tr><tr><td>4</td><td>fair value of conversion discount ( 4 )</td><td>218</td></tr><tr><td>5</td><td>professional fees</td><td>199</td></tr><tr><td>6</td><td>other</td><td>180</td></tr><tr><td>7</td><td>total reorganization items net</td><td>$ 2655</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing .\nQuestion: what was the amount of the labor-related deemed claim in 2013?\nAnswer: 1733.0\nQuestion: and what was the value of the total reorganization items net in that year?\n" }, { "role": "agent", "content": "2655.0" } ]
CONVFINQA2416	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\nAnswer: 364511.0\nQuestion: what is the quotient of the multi asset total to the net change?\n" }, { "role": "agent", "content": "1.03656" } ]
CONVFINQA7573	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\n" }, { "role": "agent", "content": "519.9" } ]
CONVFINQA10321	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 . the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire . these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume . mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 . the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries . these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 . backlog backlog decreased in 2016 compared to 2015 primarily due to lower orders on pac-3 , hellfire , and jassm . backlog increased in 2015 compared to 2014 primarily due to higher orders on pac-3 , lantirn/sniper and certain tactical missile programs , partially offset by lower orders on thaad . trends we expect mfc 2019s net sales to increase in the mid-single digit percentage range in 2017 as compared to 2016 driven primarily by our air and missile defense programs . operating profit is expected to be flat or increase slightly . accordingly , operating profit margin is expected to decline from 2016 levels as a result of contract mix and fewer risk retirements in 2017 compared to 2016 . rotary and mission systems as previously described , on november 6 , 2015 , we acquired sikorsky and aligned the sikorsky business under our rms business segment . the 2015 results of the acquired sikorsky business have been included in our financial results from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated operating results and rms business segment operating results for the year ended december 31 , 2015 do not reflect a full year of sikorsky operations . our rms business segment provides design , manufacture , service and support for a variety of military and civil helicopters , ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; the littoral combat ship ( lcs ) ; simulation and training services ; and unmanned systems and technologies . in addition , rms supports the needs of government customers in cybersecurity and delivers communication and command and control capabilities through complex mission solutions for defense applications . rms 2019 major programs include black hawk and seahawk helicopters , aegis combat system ( aegis ) , lcs , space fence , advanced hawkeye radar system , tpq-53 radar system , ch-53k development helicopter , and vh-92a helicopter program . rms 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>net sales</td><td>$ 13462</td><td>$ 9091</td><td>$ 8732</td></tr><tr><td>3</td><td>operating profit</td><td>906</td><td>844</td><td>936</td></tr><tr><td>4</td><td>operating margin</td><td>6.7% ( 6.7 % )</td><td>9.3% ( 9.3 % )</td><td>10.7% ( 10.7 % )</td></tr><tr><td>5</td><td>backlog atyear-end</td><td>$ 28400</td><td>$ 30100</td><td>$ 13300</td></tr></table> 2016 compared to 2015 rms 2019 net sales in 2016 increased $ 4.4 billion , or 48% ( 48 % ) , compared to 2015 . the increase was primarily attributable to higher net sales of approximately $ 4.6 billion from sikorsky , which was acquired on november 6 , 2015 . net sales for 2015 include sikorsky 2019s results subsequent to the acquisition date , net of certain revenue adjustments required to account for the acquisition of this business . this increase was partially offset by lower net sales of approximately $ 70 million for training .\nQuestion: what are operating expenses in 2015?\n" }, { "role": "agent", "content": "8247.0" } ]
CONVFINQA8131	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .\nQuestion: what was the change in global cruise guests from 2011 to 2012?\nAnswer: 0.7\nQuestion: and was the total of global cruise guests in 2011?\n" }, { "role": "agent", "content": "20.2" } ]
CONVFINQA6778	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 81805 common stockholders of record as of january 31 , 2016 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2015 . the graph and table assume that $ 100 was invested on december 31 , 2010 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials . <table class='wikitable'><tr><td>1</td><td>date</td><td>citi</td><td>s&p 500</td><td>s&p financials</td></tr><tr><td>2</td><td>31-dec-2010</td><td>100.00</td><td>100.00</td><td>100.00</td></tr><tr><td>3</td><td>30-dec-2011</td><td>55.67</td><td>102.11</td><td>82.94</td></tr><tr><td>4</td><td>31-dec-2012</td><td>83.81</td><td>118.45</td><td>106.84</td></tr><tr><td>5</td><td>31-dec-2013</td><td>110.49</td><td>156.82</td><td>144.90</td></tr><tr><td>6</td><td>31-dec-2014</td><td>114.83</td><td>178.28</td><td>166.93</td></tr><tr><td>7</td><td>31-dec-2015</td><td>110.14</td><td>180.75</td><td>164.39</td></tr></table> .\nQuestion: what was the value change in citi common stock between 2010 and 2015?\nAnswer: 10.14\nQuestion: what is the percent change?\nAnswer: 0.1014\nQuestion: what was the value change in the s&p financials index price between 2010 and 2015?\nAnswer: 64.39\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.6439" } ]
CONVFINQA2842	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph the 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 ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2005 through december 31 , 2010 , when the closing price of our common stock was $ 12.66 . the graph assumes investments of $ 100 on december 31 , 2005 in our common stock and in each of the three indices and the reinvestment of dividends . performance graph 201020092008200720062005 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2005 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2006</td><td>2007</td><td>2008</td><td>2009</td><td>2010</td></tr><tr><td>2</td><td>masco</td><td>$ 101.79</td><td>$ 76.74</td><td>$ 42.81</td><td>$ 54.89</td><td>$ 51.51</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 115.61</td><td>$ 121.95</td><td>$ 77.38</td><td>$ 97.44</td><td>$ 111.89</td></tr><tr><td>4</td><td>s&p industrials index</td><td>$ 113.16</td><td>$ 126.72</td><td>$ 76.79</td><td>$ 92.30</td><td>$ 116.64</td></tr><tr><td>5</td><td>s&p consumer durables & apparel index</td><td>$ 106.16</td><td>$ 84.50</td><td>$ 56.13</td><td>$ 76.51</td><td>$ 99.87</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 , 2010 , we had remaining authorization to repurchase up to 27 million shares . during 2010 , we repurchased and retired three million shares of our common stock , for cash aggregating $ 45 million to offset the dilutive impact of the 2010 grant of three million shares of long-term stock awards . we did not purchase any shares during the three months ended december 31 , 2010. .\nQuestion: what was the difference between the price of masco in 2010 and the starting value as of 12/31/05?\n" }, { "role": "agent", "content": "-48.49" } ]
CONVFINQA1489	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2022 the ability to identify suitable acquisition candidates and the ability to finance such acquisitions , which depends upon the availability of adequate cash reserves from operations or of acceptable financing terms and the variability of our stock price ; 2022 our ability to integrate any acquired business 2019 operations , services , clients , and personnel ; 2022 the effect of our substantial leverage , which may limit the funds available to make acquisitions and invest in our business ; 2022 changes in , or the failure to comply with , government regulations , including privacy regulations ; and 2022 other risks detailed elsewhere in this risk factors section and in our other filings with the securities and exchange commission . we are not under any obligation ( and expressly disclaim any such obligation ) to update or alter our forward- looking statements , whether as a result of new information , future events or otherwise . you should carefully consider the possibility that actual results may differ materially from our forward-looking statements . item 1b . unresolved staff comments . item 2 . properties . our corporate headquarters are located in jacksonville , florida , in an owned facility . fnf occupies and pays us rent for approximately 86000 square feet in this facility . we lease office space as follows : number of locations ( 1 ) . <table class='wikitable'><tr><td>1</td><td>state</td><td>number of locations ( 1 )</td></tr><tr><td>2</td><td>california</td><td>44</td></tr><tr><td>3</td><td>texas</td><td>21</td></tr><tr><td>4</td><td>florida</td><td>18</td></tr><tr><td>5</td><td>georgia new york</td><td>10</td></tr><tr><td>6</td><td>new jersey</td><td>8</td></tr><tr><td>7</td><td>illinois massachusetts</td><td>7</td></tr><tr><td>8</td><td>alabama arizona minnesota north carolina</td><td>6</td></tr><tr><td>9</td><td>other</td><td>64</td></tr></table> ( 1 ) represents the number of locations in each state listed . we also lease approximately 72 locations outside the united states . we believe our properties are adequate for our business as presently conducted . item 3 . legal proceedings . in the ordinary course of business , the company is involved in various pending and threatened litigation matters related to operations , some of which include claims for punitive or exemplary damages . the company believes that no actions , other than the matters listed below , depart from customary litigation incidental to its business . as background to the disclosure below , please note the following : 2022 these matters raise difficult and complicated factual and legal issues and are subject to many uncertainties and complexities . 2022 the company reviews these matters on an on-going basis and follows the provisions of statement of financial accounting standards no . 5 , accounting for contingencies ( 201csfas 5 201d ) , when making accrual and disclosure decisions . when assessing reasonably possible and probable outcomes , the company bases decisions on the assessment of the ultimate outcome following all appeals. .\nQuestion: what is the total number of leased locations?\nAnswer: 136.0\nQuestion: and what percentage do the locations in the united states represent in relation to this total?\n" }, { "role": "agent", "content": "0.47059" } ]
CONVFINQA7095	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175 securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received . securities borrowed consist primarily of government and equity securities . jpmorgan chase moni- tors the market value of the securities borrowed and lent on a daily basis and calls for additional collateral when appropriate . fees received or paid in connection with securities borrowed and lent are recorded in interest income or interest expense . the following table details the components of collateralized financings. . <table class='wikitable'><tr><td>1</td><td>december 31 ( in millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>securities purchased under resale agreements ( a )</td><td>$ 200265</td><td>$ 169305</td></tr><tr><td>3</td><td>securities borrowed ( b )</td><td>124000</td><td>84184</td></tr><tr><td>4</td><td>securities sold under repurchase agreements ( c )</td><td>$ 174456</td><td>$ 126098</td></tr><tr><td>5</td><td>securities loaned</td><td>6077</td><td>10922</td></tr></table> ( a ) includes resale agreements of $ 20.8 billion and $ 19.1 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively . ( b ) includes securities borrowed of $ 3.4 billion accounted for at fair value at december 31 , 2008 . ( c ) includes repurchase agreements of $ 3.0 billion and $ 5.8 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively . jpmorgan chase pledges certain financial instruments it owns to col- lateralize repurchase agreements and other securities financings . pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheets . at december 31 , 2008 , the firm received securities as collateral that could be repledged , delivered or otherwise used with a fair value of approximately $ 511.9 billion . this collateral was generally obtained under resale or securities borrowing agreements . of these securities , approximately $ 456.6 billion were repledged , delivered or otherwise used , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales . note 14 2013 loans the accounting for a loan may differ based upon whether it is origi- nated or purchased and as to whether the loan is used in an invest- ing or trading strategy . for purchased loans held-for-investment , the accounting also differs depending on whether a loan is credit- impaired at the date of acquisition . purchased loans with evidence of credit deterioration since the origination date and for which it is probable , at acquisition , that all contractually required payments receivable will not be collected are considered to be credit-impaired . the measurement framework for loans in the consolidated financial statements is one of the following : 2022 at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees or costs , for loans held for investment ( other than purchased credit- impaired loans ) ; 2022 at the lower of cost or fair value , with valuation changes record- ed in noninterest revenue , for loans that are classified as held- for-sale ; or 2022 at fair value , with changes in fair value recorded in noninterest revenue , for loans classified as trading assets or risk managed on a fair value basis ; 2022 purchased credit-impaired loans held for investment are account- ed for under sop 03-3 and initially measured at fair value , which includes estimated future credit losses . accordingly , an allowance for loan losses related to these loans is not recorded at the acquisition date . see note 5 on pages 156 2013158 of this annual report for further information on the firm 2019s elections of fair value accounting under sfas 159 . see note 6 on pages 158 2013160 of this annual report for further information on loans carried at fair value and classified as trading assets . for loans held for investment , other than purchased credit-impaired loans , interest income is recognized using the interest method or on a basis approximating a level rate of return over the term of the loan . loans within the held-for-investment portfolio that management decides to sell are transferred to the held-for-sale portfolio . transfers to held-for-sale are recorded at the lower of cost or fair value on the date of transfer . credit-related losses are charged off to the allowance for loan losses and losses due to changes in interest rates , or exchange rates , are recognized in noninterest revenue . loans within the held-for-sale portfolio that management decides to retain are transferred to the held-for-investment portfolio at the lower of cost or fair value . these loans are subsequently assessed for impairment based on the firm 2019s allowance methodology . for a fur- ther discussion of the methodologies used in establishing the firm 2019s allowance for loan losses , see note 15 on pages 178 2013180 of this annual report . nonaccrual loans are those on which the accrual of interest is dis- continued . loans ( other than certain consumer and purchased credit- impaired loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of princi- pal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover principal and interest . loans are charged off to the allowance for loan losses when it is highly certain that a loss has been realized . interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income . in addition , the amortiza- tion of net deferred loan fees is suspended . interest income on nonaccrual loans is recognized only to the extent it is received in cash . however , where there is doubt regarding the ultimate col- lectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of such loans ( i.e. , the cost recovery method ) . loans are restored to accrual status only when future pay- ments of interest and principal are reasonably assured . consumer loans , other than purchased credit-impaired loans , are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accordance with the federal financial institutions examination council policy . for example , credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiv- ing notification of the filing of bankruptcy , whichever is earlier . residential mortgage products are generally charged off to net real- izable value at no later than 180 days past due . other consumer .\nQuestion: what was the total amount of resale agreements in 2008, in millions?\n" }, { "role": "agent", "content": "20800.0" } ]
CONVFINQA5943	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 increase in property operating expenses from our large market same store group is primarily the result of increases in real estate taxes of $ 3.2 million , personnel expenses of $ 1.9 million , water expenses of approximately $ 1.0 million , cable expenses of $ 0.5 million , and waste removal expenses of $ 0.2 million . the increase in property operating expenses from our secondary market same store group is primarily a result of increases in other operating expenses of $ 1.5 million , real estate taxes of $ 1.1 million , and personnel expenses of $ 1.2 million . the decrease in property operating expenses from our non-same store and other group is primarily the result of decreases in personnel expenses of $ 2.4 million and utility expenses of $ 1.7 million . depreciation and amortization the following table shows our depreciation and amortization expense by segment for the years ended december 31 , 2015 and december 31 , 2014 ( dollars in thousands ) : year ended december 31 , 2015 year ended december 31 , 2014 increase percentage increase . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2015</td><td>year ended december 31 2014</td><td>increase</td><td>percentage increase</td></tr><tr><td>2</td><td>large market same store</td><td>$ 168872</td><td>$ 174957</td><td>$ -6085 ( 6085 )</td><td>( 3.5 ) % ( % )</td></tr><tr><td>3</td><td>secondary market same store</td><td>85008</td><td>86058</td><td>-1050 ( 1050 )</td><td>( 1.2 ) % ( % )</td></tr><tr><td>4</td><td>same store portfolio</td><td>253880</td><td>261015</td><td>-7135 ( 7135 )</td><td>( 2.7 ) % ( % )</td></tr><tr><td>5</td><td>non-same store and other</td><td>40640</td><td>40797</td><td>-157 ( 157 )</td><td>( 0.4 ) % ( % )</td></tr><tr><td>6</td><td>total</td><td>$ 294520</td><td>$ 301812</td><td>$ -7292 ( 7292 )</td><td>( 2.4 ) % ( % )</td></tr></table> the decrease in depreciation and amortization expense is primarily due to a decrease of $ 19.4 million related to the amortization of the fair value of in-place leases and resident relationships acquired as a result of the merger from the year ended december 31 , 2014 to the year ended december 31 , 2015 . this decrease was partially offset by an increase in depreciation expense of $ 11.7 million driven by an increase in gross real estate assets from the year ended december 31 , 2014 to the year ended december 31 , 2015 . property management expenses property management expenses for the year ended december 31 , 2015 were approximately $ 31.0 million , a decrease of $ 1.1 million from the year ended december 31 , 2014 . the majority of the decrease was related to a decrease in state franchise taxes of $ 2.1 million , partially offset by an increase in insurance expense of $ 0.6 million , an increase in payroll expense of $ 0.3 million , and an increase in incentive expense $ 0.3 million . general and administrative expenses general and administrative expenses for the year ended december 31 , 2015 were approximately $ 25.7 million , an increase of $ 4.8 million from the year ended december 31 , 2014 . the majority of the increase was related to increases in legal fees of $ 2.7 million and stock option expenses of $ 1.6 million . merger and integration related expenses there were no merger or integration related expenses for the year ended december 31 , 2015 , as these expenses related primarily to severance , legal , professional , temporary systems , staffing , and facilities costs incurred for the acquisition and integration of colonial . for the year ended december 31 , 2014 , merger and integration related expenses were approximately $ 3.2 million and $ 8.4 million , respectively . interest expense interest expense for the year ended december 31 , 2015 was approximately $ 122.3 million , a decrease of $ 1.6 million from the year ended december 31 , 2014 . the decrease was primarily the result of a decrease in amortization of deferred financing cost from the year ended december 31 , 2014 to the year ended december 31 , 2015 of approximately $ 0.9 million . also , the overall debt balance decreased from $ 3.5 billion to $ 3.4 billion , a decrease of $ 85.1 million . the average effective interest rate remained at 3.7% ( 3.7 % ) and the average years to rate maturity increased from 4.4 years to 4.8 years . job title mid-america apartment 10-k revision 1 serial <12345678> date sunday , march 20 , 2016 job number 304352-1 type page no . 50 operator abigaels .\nQuestion: in 2015, how much did the depreciation and amortization in the large market same store represent in relation to the one for the secondary market same store?\n" }, { "role": "agent", "content": "1.98654" } ]
CONVFINQA8513	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nzimmer holdings , inc . 2013 form 10-k annual report notes to consolidated financial statements ( continued ) state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return . the state impact of any federal changes generally remains subject to examination by various states for a period of up to one year after formal notification to the states . we have various state income tax returns in the process of examination , administrative appeals or litigation . our tax returns are currently under examination in various foreign jurisdictions . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include : australia ( 2009 onward ) , canada ( 2007 onward ) , france ( 2011 onward ) , germany ( 2009 onward ) , ireland ( 2009 onward ) , italy ( 2010 onward ) , japan ( 2010 onward ) , korea ( 2008 onward ) , puerto rico ( 2008 onward ) , switzerland ( 2012 onward ) , and the united kingdom ( 2012 onward ) . 16 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2013 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>for the years ended december 31,</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>169.6</td><td>174.9</td><td>187.6</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>2.2</td><td>1.1</td><td>1.1</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>171.8</td><td>176.0</td><td>188.7</td></tr></table> weighted average shares outstanding for basic net earnings per share 169.6 174.9 187.6 effect of dilutive stock options and other equity awards 2.2 1.1 1.1 weighted average shares outstanding for diluted net earnings per share 171.8 176.0 188.7 for the year ended december 31 , 2013 , an average of 3.1 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2012 and 2011 , an average of 11.9 million and 13.2 million options , respectively , were not included . during 2013 , we repurchased 9.1 million shares of our common stock at an average price of $ 78.88 per share for a total cash outlay of $ 719.0 million , including commissions . effective january 1 , 2014 , we have a new share repurchase program that authorizes purchases of up to $ 1.0 billion with no expiration date . no further purchases will be made under the previous share repurchase program . 17 . segment data we design , develop , manufacture and market orthopaedic reconstructive implants , biologics , dental implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the u.s . and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and african markets ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates reportable segment performance based upon segment operating profit exclusive of operating expenses pertaining to share-based payment expense , inventory step-up and certain other inventory and manufacturing related charges , 201ccertain claims , 201d goodwill impairment , 201cspecial items , 201d and global operations and corporate functions . global operations and corporate functions include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , u.s. , puerto rico and ireland-based manufacturing operations and logistics and intangible asset amortization resulting from business combination accounting . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s. , puerto rico and ireland-based manufacturing operations and logistics and corporate assets. .\nQuestion: what was the weighted average shares outstanding for diluted net earnings per share in 2013?\nAnswer: 171.8\nQuestion: and the weighted average shares outstanding for basic net earnings per share for the same year?\nAnswer: 169.6\nQuestion: and the proportion of weighted average shares outstanding for diluted net earnings to the weighted average shares outstanding for basic net earnings?\nAnswer: 1.01297\nQuestion: and as a decimal?\n" }, { "role": "agent", "content": "0.01297" } ]
CONVFINQA8086	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 change in weighted-average estimated fair values of stock options granted between 2013 and 2014?\nAnswer: 0.47\nQuestion: and the percentage change during this time?\n" }, { "role": "agent", "content": "0.08918" } ]
CONVFINQA4351	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 is the change in net revenue for entergy gulf states , inc from 2002 to 2003?\nAnswer: -20.6\nQuestion: what growth rate does this represent?\n" }, { "role": "agent", "content": "-0.01822" } ]
CONVFINQA6635	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\no 2019 r e i l l y a u t o m o t i v e 2 0 0 6 a n n u a l r e p o r t p a g e 38 $ 11080000 , in the years ended december 31 , 2006 , 2005 and 2004 , respectively . the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 , was $ 7702000 and the weighted-average period of time over which this cost will be recognized is 3.3 years . employee stock purchase plan the company 2019s employee stock purchase plan permits all eligible employees to purchase shares of the company 2019s common stock at 85% ( 85 % ) of the fair market value . participants may authorize the company to withhold up to 5% ( 5 % ) of their annual salary to participate in the plan . the stock purchase plan authorizes up to 2600000 shares to be granted . during the year ended december 31 , 2006 , the company issued 165306 shares under the purchase plan at a weighted average price of $ 27.36 per share . during the year ended december 31 , 2005 , the company issued 161903 shares under the purchase plan at a weighted average price of $ 27.57 per share . during the year ended december 31 , 2004 , the company issued 187754 shares under the purchase plan at a weighted average price of $ 20.85 per share . sfas no . 123r requires compensation expense to be recognized based on the discount between the grant date fair value and the employee purchase price for shares sold to employees . during the year ended december 31 , 2006 , the company recorded $ 799000 of compensation cost related to employee share purchases and a corresponding income tax benefit of $ 295000 . at december 31 , 2006 , approximately 400000 shares were reserved for future issuance . other employee benefit plans the company sponsors a contributory profit sharing and savings plan that covers substantially all employees who are at least 21 years of age and have at least six months of service . the company has agreed to make matching contributions equal to 50% ( 50 % ) of the first 2% ( 2 % ) of each employee 2019s wages that are contributed and 25% ( 25 % ) of the next 4% ( 4 % ) of each employee 2019s wages that are contributed . the company also makes additional discretionary profit sharing contributions to the plan on an annual basis as determined by the board of directors . the company 2019s matching and profit sharing contributions under this plan are funded in the form of shares of the company 2019s common stock . a total of 4200000 shares of common stock have been authorized for issuance under this plan . during the year ended december 31 , 2006 , the company recorded $ 6429000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2372000 . during the year ended december 31 , 2005 , the company recorded $ 6606000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2444000 . during the year ended december 31 , 2004 , the company recorded $ 5278000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 1969000 . the compensation cost recorded in 2006 includes matching contributions made in 2006 and profit sharing contributions accrued in 2006 to be funded with issuance of shares of common stock in 2007 . the company issued 204000 shares in 2006 to fund profit sharing and matching contributions at an average grant date fair value of $ 34.34 . the company issued 210461 shares in 2005 to fund profit sharing and matching contributions at an average grant date fair value of $ 25.79 . the company issued 238828 shares in 2004 to fund profit sharing and matching contributions at an average grant date fair value of $ 19.36 . a portion of these shares related to profit sharing contributions accrued in prior periods . at december 31 , 2006 , approximately 1061000 shares were reserved for future issuance under this plan . the company has in effect a performance incentive plan for the company 2019s senior management under which the company awards shares of restricted stock that vest equally over a three-year period and are held in escrow until such vesting has occurred . shares are forfeited when an employee ceases employment . a total of 800000 shares of common stock have been authorized for issuance under this plan . shares awarded under this plan are valued based on the market price of the company 2019s common stock on the date of grant and compensation cost is recorded over the vesting period . the company recorded $ 416000 of compensation cost for this plan for the year ended december 31 , 2006 and recognized a corresponding income tax benefit of $ 154000 . the company recorded $ 289000 of compensation cost for this plan for the year ended december 31 , 2005 and recognized a corresponding income tax benefit of $ 107000 . the company recorded $ 248000 of compensation cost for this plan for the year ended december 31 , 2004 and recognized a corresponding income tax benefit of $ 93000 . the total fair value of shares vested ( at vest date ) for the years ended december 31 , 2006 , 2005 and 2004 were $ 503000 , $ 524000 and $ 335000 , respectively . the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 was $ 536000 . the company awarded 18698 shares under this plan in 2006 with an average grant date fair value of $ 33.12 . the company awarded 14986 shares under this plan in 2005 with an average grant date fair value of $ 25.41 . the company awarded 15834 shares under this plan in 2004 with an average grant date fair value of $ 19.05 . compensation cost for shares awarded in 2006 will be recognized over the three-year vesting period . changes in the company 2019s restricted stock for the year ended december 31 , 2006 were as follows : weighted- average grant date shares fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted-average grant date fair value</td></tr><tr><td>2</td><td>non-vested at december 31 2005</td><td>15052</td><td>$ 22.68</td></tr><tr><td>3</td><td>granted during the period</td><td>18698</td><td>33.12</td></tr><tr><td>4</td><td>vested during the period</td><td>-15685 ( 15685 )</td><td>26.49</td></tr><tr><td>5</td><td>forfeited during the period</td><td>-1774 ( 1774 )</td><td>27.94</td></tr><tr><td>6</td><td>non-vested at december 31 2006</td><td>16291</td><td>$ 30.80</td></tr></table> at december 31 , 2006 , approximately 659000 shares were reserved for future issuance under this plan . n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( cont inued ) .\nQuestion: how many shares were issued in 2006?\nAnswer: 165306.0\nQuestion: what was the average price per share?\nAnswer: 27.36\nQuestion: what is the product?\nAnswer: 4522772.16\nQuestion: what is the product simplified?\n" }, { "role": "agent", "content": "4.52277" } ]
CONVFINQA10704	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncash and a commitment to fund the capital needs of the business until such time as its cumulative funding is equal to funding that we have provided from inception through the effective date of the transaction . the transaction created a new joint venture which does business as comercia global payments brazil . as a result of the transaction , we deconsolidated global payments brazil , and we apply the equity method of accounting to our retained interest in comercia global payments brazil . we recorded a gain on the transaction of $ 2.1 million which is included in interest and other income in the consolidated statement of income for the fiscal year ended may 31 , 2014 . the results of the brazil operation from inception until the restructuring into a joint venture on september 30 , 2013 were not material to our consolidated results of operations , and the assets and liabilities that we derecognized were not material to our consolidated balance sheet . american express portfolio on october 24 , 2013 , we acquired a merchant portfolio in the czech republic from american express limited for $ 1.9 million . the acquired assets have been classified as customer-related intangible assets and contract-based intangible assets with estimated amortization periods of 10 years . paypros on march 4 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of payment processing , inc . ( 201cpaypros 201d ) for $ 420.0 million in cash plus $ 7.7 million in cash for working capital , subject to adjustment based on a final determination of working capital . we funded the acquisition with a combination of cash on hand and proceeds from our new term loan . paypros , based in california , is a provider of fully-integrated payment solutions for small-to-medium sized merchants in the united states . paypros delivers its products and services through a network of technology-based enterprise software partners to vertical markets that are complementary to the markets served by accelerated payment technologies ( 201capt 201d ) , which we acquired in october 2012 . we acquired paypros to expand our direct distribution capabilities in the united states and to further enhance our existing integrated solutions offerings . this acquisition was recorded as a business combination , and the purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values . due to the timing of this transaction , the allocation of the purchase price is preliminary pending final valuation of intangible assets and deferred income taxes as well as resolution of the working capital settlement discussed above . the purchase price of paypros was determined by analyzing the historical and prospective financial statements . acquisition costs associated with this purchase were not material . the following table summarizes the preliminary purchase price allocation ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>goodwill</td><td>$ 271577</td></tr><tr><td>2</td><td>customer-related intangible assets</td><td>147500</td></tr><tr><td>3</td><td>contract-based intangible assets</td><td>31000</td></tr><tr><td>4</td><td>acquired technology</td><td>10700</td></tr><tr><td>5</td><td>fixed assets</td><td>1680</td></tr><tr><td>6</td><td>other assets</td><td>4230</td></tr><tr><td>7</td><td>total assets acquired</td><td>466687</td></tr><tr><td>8</td><td>deferred income taxes</td><td>-38949 ( 38949 )</td></tr><tr><td>9</td><td>net assets acquired</td><td>$ 427738</td></tr></table> the preliminary purchase price allocation resulted in goodwill , included in the north america merchant services segment , of $ 271.6 million . such goodwill is attributable primarily to synergies with the services offered and markets served by paypros . the goodwill associated with the acquisition is not deductible for tax purposes . the customer-related intangible assets and the contract-based intangible assets have an estimated amortization period of 13 years . the acquired technology has an estimated amortization period of 7 years. .\nQuestion: what was the value of acquired technology?\nAnswer: 10700.0\nQuestion: what was the value of contract-based intangible assets?\nAnswer: 31000.0\nQuestion: what is the sum?\nAnswer: 41700.0\nQuestion: what is the total sum, including customer-related intangible assets?\nAnswer: 189200.0\nQuestion: what is the proportion of these assets compared to total assets acquired?\n" }, { "role": "agent", "content": "0.40541" } ]
CONVFINQA6982	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .\nQuestion: what was the basis point increase in jpmorgan chase credit spread in 2009?\nAnswer: 39.0\nQuestion: and what was it in 2008?\nAnswer: 37.0\nQuestion: what was, then, the change over the year?\n" }, { "role": "agent", "content": "2.0" } ]
CONVFINQA379	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 changes in the company 2019s valuation allowance: . <table class='wikitable'><tr><td>1</td><td>balance at january 1 2010</td><td>$ 25621</td></tr><tr><td>2</td><td>increases in current period tax positions</td><td>907</td></tr><tr><td>3</td><td>decreases in current period tax positions</td><td>-2740 ( 2740 )</td></tr><tr><td>4</td><td>balance at december 31 2010</td><td>$ 23788</td></tr><tr><td>5</td><td>increases in current period tax positions</td><td>1525</td></tr><tr><td>6</td><td>decreases in current period tax positions</td><td>-3734 ( 3734 )</td></tr><tr><td>7</td><td>balance at december 31 2011</td><td>$ 21579</td></tr><tr><td>8</td><td>increases in current period tax positions</td><td>0</td></tr><tr><td>9</td><td>decreases in current period tax positions</td><td>-2059 ( 2059 )</td></tr><tr><td>10</td><td>balance at december 31 2012</td><td>$ 19520</td></tr></table> note 14 : 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 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 funding policy 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 , and an additional contribution if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also increase its contributions , if appropriate , to its tax and cash position and the plan 2019s funded position . pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities and guaranteed interest contracts with insurance companies . 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 several unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees . the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees . the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 . the plans had previously closed for non-union employees hired on or after january 1 , 2002 . the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes . plan assets are invested in equity and bond mutual funds , fixed income securities , real estate investment trusts ( 201creits 201d ) and emerging market funds . the obligations of the plans are dominated by obligations for active employees . because the timing of expected benefit payments is so far in the future and the size of the plan assets are small relative to the company 2019s assets , the investment strategy is to allocate a significant percentage of assets to equities , which the company believes will provide the highest return over the long-term period . the fixed income assets are invested in long duration debt securities and may be invested in fixed income instruments , such as futures and options in order to better match the duration of the plan liability. .\nQuestion: what was the difference in the balance between 1/1/10 and 12/31/12?\n" }, { "role": "agent", "content": "-6101.0" } ]
CONVFINQA9852	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively . the firm has elected the fair value option for certain securities financing agreements . for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented . december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value . ( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value . ( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value . ( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value . there were no securities loaned accounted for at fair value at december 31 , 2011 . the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed . the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s . agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. . <table class='wikitable'><tr><td>1</td><td>december 31 ( in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>securities purchased under resale agreements ( a )</td><td>$ 295413</td><td>$ 235000</td></tr><tr><td>3</td><td>securities borrowed ( b )</td><td>119017</td><td>142462</td></tr><tr><td>4</td><td>securities sold under repurchase agreements ( c )</td><td>$ 215560</td><td>$ 197789</td></tr><tr><td>5</td><td>securities loaned ( d )</td><td>23582</td><td>14214</td></tr></table> jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively . the firm has elected the fair value option for certain securities financing agreements . for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented . december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value . ( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value . ( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value . ( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value . there were no securities loaned accounted for at fair value at december 31 , 2011 . the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed . the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s . agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. .\nQuestion: what is the amount of securities borrowed in 2012?\nAnswer: 119017.0\nQuestion: what about the amount of securities loaned?\nAnswer: 23582.0\nQuestion: what is the ratio of securities borrowed to securities loaned?\n" }, { "role": "agent", "content": "5.04694" } ]
CONVFINQA1410	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnote 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings . the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million . as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years . we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 . in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans . at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of rsus ( in thousands )</td><td>weighted average grant-date fair value pershare</td></tr><tr><td>2</td><td>nonvested at december 31 2011</td><td>4302</td><td>$ 78.25</td></tr><tr><td>3</td><td>granted</td><td>1987</td><td>81.93</td></tr><tr><td>4</td><td>vested</td><td>-1299 ( 1299 )</td><td>80.64</td></tr><tr><td>5</td><td>forfeited</td><td>-168 ( 168 )</td><td>79.03</td></tr><tr><td>6</td><td>nonvested at december 31 2012</td><td>4822</td><td>$ 79.10</td></tr><tr><td>7</td><td>granted</td><td>1356</td><td>89.24</td></tr><tr><td>8</td><td>vested</td><td>-2093 ( 2093 )</td><td>79.26</td></tr><tr><td>9</td><td>forfeited</td><td>-226 ( 226 )</td><td>81.74</td></tr><tr><td>10</td><td>nonvested at december 31 2013</td><td>3859</td><td>$ 82.42</td></tr><tr><td>11</td><td>granted</td><td>745</td><td>146.85</td></tr><tr><td>12</td><td>vested</td><td>-2194 ( 2194 )</td><td>87.66</td></tr><tr><td>13</td><td>forfeited</td><td>-84 ( 84 )</td><td>91.11</td></tr><tr><td>14</td><td>nonvested at december 31 2014</td><td>2326</td><td>$ 97.80</td></tr></table> rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .\nQuestion: what is the non-cash stock-based compensation expense in 2013?\nAnswer: 189.0\nQuestion: what about in 2012?\nAnswer: 167.0\nQuestion: what is the net change?\n" }, { "role": "agent", "content": "22.0" } ]
CONVFINQA1819	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninterest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 6 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 114857</td></tr><tr><td>2</td><td>2018</td><td>127504</td></tr><tr><td>3</td><td>2019</td><td>136040</td></tr><tr><td>4</td><td>2020</td><td>133092</td></tr><tr><td>5</td><td>2021</td><td>122753</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>788180</td></tr><tr><td>7</td><td>total future minimum lease payments</td><td>$ 1422426</td></tr></table> included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .\nQuestion: what was the rent expense in 2016?\nAnswer: 109.0\nQuestion: and what was it in 2015?\n" }, { "role": "agent", "content": "83.0" } ]

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