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CONVFINQA1755
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntechnical and research personnel and lab facilities , and significantly expanded the portfolio of patents available to us via license and through a cooperative development program . in addition , we have acquired a 20 percent interest in grt , inc . the gtftm technology is protected by an intellectual property protection program . the u.s . has granted 17 patents for the technology , with another 22 pending . worldwide , there are over 300 patents issued or pending , covering over 100 countries including regional and direct foreign filings . another innovative technology that we are developing focuses on reducing the processing and transportation costs of natural gas by artificially creating natural gas hydrates , which are more easily transportable than natural gas in its gaseous form . much like lng , gas hydrates would then be regasified upon delivery to the receiving market . we have an active pilot program in place to test and further develop a proprietary natural gas hydrates manufacturing system . the above discussion of the integrated gas segment contains forward-looking statements with respect to the possible expansion of the lng production facility . factors that could potentially affect the possible expansion of the lng production facility include partner and government approvals , access to sufficient natural gas volumes through exploration or commercial negotiations with other resource owners and access to sufficient regasification capacity . the foregoing factors ( among others ) could cause actual results to differ materially from those set forth in the forward-looking statements . refining , marketing and transportation we have refining , marketing and transportation operations concentrated primarily in the midwest , upper great plains , gulf coast and southeast regions of the u.s . we rank as the fifth largest crude oil refiner in the u.s . and the largest in the midwest . our operations include a seven-plant refining network and an integrated terminal and transportation system which supplies wholesale and marathon-brand customers as well as our own retail operations . our wholly-owned retail marketing subsidiary speedway superamerica llc ( 201cssa 201d ) is the third largest chain of company-owned and -operated retail gasoline and convenience stores in the u.s . and the largest in the midwest . refining we own and operate seven refineries with an aggregate refining capacity of 1.188 million barrels per day ( 201cmmbpd 201d ) of crude oil as of december 31 , 2009 . during 2009 , our refineries processed 957 mbpd of crude oil and 196 mbpd of other charge and blend stocks . the table below sets forth the location and daily crude oil refining capacity of each of our refineries as of december 31 , 2009 . crude oil refining capacity ( thousands of barrels per day ) 2009 . <table class='wikitable'><tr><td>1</td><td>( thousands of barrels per day )</td><td>2009</td></tr><tr><td>2</td><td>garyville louisiana</td><td>436</td></tr><tr><td>3</td><td>catlettsburg kentucky</td><td>212</td></tr><tr><td>4</td><td>robinson illinois</td><td>206</td></tr><tr><td>5</td><td>detroit michigan</td><td>106</td></tr><tr><td>6</td><td>canton ohio</td><td>78</td></tr><tr><td>7</td><td>texas city texas</td><td>76</td></tr><tr><td>8</td><td>st . paul park minnesota</td><td>74</td></tr><tr><td>9</td><td>total</td><td>1188</td></tr></table> our refineries include crude oil atmospheric and vacuum distillation , fluid catalytic cracking , catalytic reforming , desulfurization and sulfur recovery units . the refineries process a wide variety of crude oils and produce numerous refined products , ranging from transportation fuels , such as reformulated gasolines , blend- grade gasolines intended for blending with fuel ethanol and ultra-low sulfur diesel fuel , to heavy fuel oil and asphalt . additionally , we manufacture aromatics , cumene , propane , propylene , sulfur and maleic anhydride . our garyville , louisiana , refinery is located along the mississippi river in southeastern louisiana between new orleans and baton rouge . the garyville refinery predominantly processes heavy sour crude oil into products .\nQuestion: what is the number of barrels per day generated in garyville louisiana?\n"
},
{
"role": "agent",
"content": "436.0"
}
] |
CONVFINQA3795
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 1b . unresolved staff comments not applicable . item 2 . properties our global headquarters are located in chicago , illinois , at 20 south wacker drive . the following is a description of our key locations and facilities . location primary use owned/leased lease expiration approximate size ( in square feet ) ( 1 ) 20 south wacker drive chicago , illinois global headquarters and office space leased 2032 ( 2 ) 512000 141 west jackson chicago , illinois trading floor and office space leased 2027 ( 3 ) 150000 333 s . lasalle chicago , illinois trading floor and office space owned n/a 300000 550 west washington chicago , illinois office space leased 2023 250000 one north end new york , new york trading floor and office space leased 2028 ( 4 ) 240000 . <table class='wikitable'><tr><td>1</td><td>location</td><td>primary use</td><td>owned/leased</td><td>lease expiration</td><td>approximate size ( in square feet ) ( 1 )</td></tr><tr><td>2</td><td>20 south wacker drive chicago illinois</td><td>global headquarters and office space</td><td>leased</td><td>2032 ( 2 )</td><td>512000</td></tr><tr><td>3</td><td>141 west jacksonchicago illinois</td><td>trading floor and office space</td><td>leased</td><td>2027 ( 3 )</td><td>150000</td></tr><tr><td>4</td><td>333 s . lasallechicago illinois</td><td>trading floor and office space</td><td>owned</td><td>n/a</td><td>300000</td></tr><tr><td>5</td><td>550 west washingtonchicago illinois</td><td>office space</td><td>leased</td><td>2023</td><td>250000</td></tr><tr><td>6</td><td>one north endnew york new york</td><td>trading floor and office space</td><td>leased</td><td>2028 ( 4 )</td><td>240000</td></tr><tr><td>7</td><td>one new change london</td><td>office space</td><td>leased</td><td>2026</td><td>58000</td></tr><tr><td>8</td><td>data center 3chicagoland area</td><td>business continuity and co-location</td><td>leased</td><td>2031 ( 5 )</td><td>83000</td></tr><tr><td>9</td><td>bagmane tech park bangalore india</td><td>office space</td><td>leased</td><td>2020 ( 6 )</td><td>72000</td></tr></table> data center 3 chicagoland area business continuity and co-location leased 2031 ( 5 ) 83000 bagmane tech park bangalore , office space leased 2020 ( 6 ) 72000 ( 1 ) size represents the amount of space leased or owned by us unless otherwise noted . ( 2 ) the initial lease expires in 2032 with two consecutive options to extend the term for five years each . ( 3 ) the initial lease expires in 2027 and contains options to extend the term and expand the premises . ( 4 ) the initial lease expires in 2028 and contains options to extend the term and expand the premises . in 2019 , the premises will be reduced to 225000 square feet . ( 5 ) in march 2016 , the company sold its datacenter in the chicago area for $ 130.0 million . at the time of the sale , the company leased back a portion of the property . ( 6 ) the initial lease expires in 2020 and contains an option to extend the term as well as an option to terminate early . item 3 . legal proceedings see 201clegal and regulatory matters 201d in note 12 . contingencies to the consolidated financial statements beginning on page 87 for cme group 2019s legal proceedings disclosure which is incorporated herein by reference . item 4 . mine safety disclosures not applicable. .\nQuestion: what square footage will the one north end ny, ny premises be reduced to in 2019?\n"
},
{
"role": "agent",
"content": "225000.0"
}
] |
CONVFINQA9100
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues in equities were $ 6.60 billion , 4% ( 4 % ) lower than 2016 , primarily due to lower commissions and fees , reflecting a decline in our listed cash equity volumes in the u.s . market volumes in the u.s . also declined . in addition , net revenues in equities client execution were lower , reflecting lower net revenues in derivatives , partially offset by higher net revenues in cash products . net revenues in securities services were essentially unchanged . operating expenses were $ 9.69 billion for 2017 , essentially unchanged compared with 2016 , due to decreased compensation and benefits expenses , reflecting lower net revenues , largely offset by increased technology expenses , reflecting higher expenses related to cloud-based services and software depreciation , and increased consulting costs . pre-tax earnings were $ 2.21 billion in 2017 , 54% ( 54 % ) lower than 2016 . investing & lending investing & lending includes our investing activities and the origination of loans , including our relationship lending activities , to provide financing to clients . these investments and loans are typically longer-term in nature . we make investments , some of which are consolidated , including through our merchant banking business and our special situations group , in debt securities and loans , public and private equity securities , infrastructure and real estate entities . some of these investments are made indirectly through funds that we manage . we also make unsecured loans through our digital platform , marcus : by goldman sachs and secured loans through our digital platform , goldman sachs private bank select . the table below presents the operating results of our investing & lending segment. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2018</td><td>year ended december 2017</td><td>year ended december 2016</td></tr><tr><td>2</td><td>equity securities</td><td>$ 4455</td><td>$ 4578</td><td>$ 2573</td></tr><tr><td>3</td><td>debt securities and loans</td><td>3795</td><td>2660</td><td>1689</td></tr><tr><td>4</td><td>total net revenues</td><td>8250</td><td>7238</td><td>4262</td></tr><tr><td>5</td><td>provision for credit losses</td><td>674</td><td>657</td><td>182</td></tr><tr><td>6</td><td>operating expenses</td><td>3365</td><td>2796</td><td>2386</td></tr><tr><td>7</td><td>pre-taxearnings</td><td>$ 4211</td><td>$ 3785</td><td>$ 1694</td></tr></table> operating environment . during 2018 , our investments in private equities benefited from company-specific events , including sales , and strong corporate performance , while investments in public equities reflected losses , as global equity prices generally decreased . results for our investments in debt securities and loans reflected continued growth in loans receivables , resulting in higher net interest income . if macroeconomic concerns negatively affect corporate performance or the origination of loans , or if global equity prices continue to decline , net revenues in investing & lending would likely be negatively impacted . during 2017 , generally higher global equity prices and tighter credit spreads contributed to a favorable environment for our equity and debt investments . results also reflected net gains from company-specific events , including sales , and corporate performance . 2018 versus 2017 . net revenues in investing & lending were $ 8.25 billion for 2018 , 14% ( 14 % ) higher than 2017 . net revenues in equity securities were $ 4.46 billion , 3% ( 3 % ) lower than 2017 , reflecting net losses from investments in public equities ( 2018 included $ 183 million of net losses ) compared with net gains in the prior year , partially offset by significantly higher net gains from investments in private equities ( 2018 included $ 4.64 billion of net gains ) , driven by company-specific events , including sales , and corporate performance . for 2018 , 60% ( 60 % ) of the net revenues in equity securities were generated from corporate investments and 40% ( 40 % ) were generated from real estate . net revenues in debt securities and loans were $ 3.80 billion , 43% ( 43 % ) higher than 2017 , primarily driven by significantly higher net interest income . 2018 included net interest income of approximately $ 2.70 billion compared with approximately $ 1.80 billion in 2017 . provision for credit losses was $ 674 million for 2018 , compared with $ 657 million for 2017 , as the higher provision for credit losses primarily related to consumer loan growth in 2018 was partially offset by an impairment of approximately $ 130 million on a secured loan in 2017 . operating expenses were $ 3.37 billion for 2018 , 20% ( 20 % ) higher than 2017 , primarily due to increased expenses related to consolidated investments and our digital lending and deposit platform , and increased compensation and benefits expenses , reflecting higher net revenues . pre-tax earnings were $ 4.21 billion in 2018 , 11% ( 11 % ) higher than 2017 versus 2016 . net revenues in investing & lending were $ 7.24 billion for 2017 , 70% ( 70 % ) higher than 2016 . net revenues in equity securities were $ 4.58 billion , 78% ( 78 % ) higher than 2016 , primarily reflecting a significant increase in net gains from private equities ( 2017 included $ 3.82 billion of net gains ) , which were positively impacted by company-specific events and corporate performance . in addition , net gains from public equities ( 2017 included $ 762 million of net gains ) were significantly higher , as global equity prices increased during the year . for 2017 , 64% ( 64 % ) of the net revenues in equity securities were generated from corporate investments and 36% ( 36 % ) were generated from real estate . net revenues in debt securities and loans were $ 2.66 billion , 57% ( 57 % ) higher than 2016 , reflecting significantly higher net interest income ( 2017 included approximately $ 1.80 billion of net interest income ) . 60 goldman sachs 2018 form 10-k .\nQuestion: what is the net revenue in 2018?\nAnswer: 8250.0\nQuestion: what about in 2017?\n"
},
{
"role": "agent",
"content": "7238.0"
}
] |
CONVFINQA8912
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 september 2006 , the fasb issued sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) . 201d this standard eliminated the requirement for a 201cminimum pension liability adjustment 201d that was previously required under sfas no . 87 and required employers to recognize the underfunded or overfunded status of a defined benefit plan as an asset or liability in its statement of financial position . in 2006 , as a result of the implementation of sfas no . 158 , the company recognized an after-tax decrease in accumulated other comprehensive income of $ 1.187 billion and $ 513 million for the u.s . and international pension benefit plans , respectively , and $ 218 million for the postretirement health care and life insurance benefit plan . see note 11 for additional detail . reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as part of net income . in 2007 , as disclosed in the net periodic benefit cost table in note 11 , $ 198 million pre-tax ( $ 123 million after-tax ) were reclassified to earnings from accumulated other comprehensive income to pension and postretirement expense in the income statement . these pension and postretirement expense amounts are shown in the table in note 11 as amortization of transition ( asset ) obligation , amortization of prior service cost ( benefit ) and amortization of net actuarial ( gain ) loss . other reclassification adjustments ( except for cash flow hedging instruments adjustments provided in note 12 ) were not material . no tax provision has been made for the translation of foreign currency financial statements into u.s . dollars . note 7 . supplemental cash flow information . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>cash income tax payments</td><td>$ 1999</td><td>$ 1842</td><td>$ 1277</td></tr><tr><td>3</td><td>cash interest payments</td><td>162</td><td>119</td><td>79</td></tr><tr><td>4</td><td>capitalized interest</td><td>25</td><td>16</td><td>12</td></tr></table> individual amounts in the consolidated statement of cash flows exclude the impacts of acquisitions , divestitures and exchange rate impacts , which are presented separately . 201cother 2013 net 201d in the consolidated statement of cash flows within operating activities in 2007 and 2006 includes changes in liabilities related to 3m 2019s restructuring actions ( note 4 ) and in 2005 includes the non-cash impact of adopting fin 47 ( $ 35 million cumulative effect of accounting change ) . transactions related to investing and financing activities with significant non-cash components are as follows : in 2007 , 3m purchased certain assets of diamond productions , inc . for approximately 150 thousand shares of 3m common stock , which has a market value of approximately $ 13 million at the acquisition 2019s measurement date . liabilities assumed from acquisitions are provided in the tables in note 2. .\nQuestion: what was the amount reclassified to earnings from accumulated other comprehensive income to pension and post retirement expense pre-tax?\nAnswer: 198.0\nQuestion: and what was it, after-tax?\n"
},
{
"role": "agent",
"content": "123.0"
}
] |
CONVFINQA6722
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nexpenditures and acquisitions of leased properties are funded by the original contributor of the assets , but no change in ownership interest may result from these contributions . an excess of ashland funded improvements over marathon funded improvements results in a net gain and an excess of marathon funded improvements over ashland funded improvements results in a net loss . cost of revenues increased by $ 8.718 billion in 2003 from 2002 and $ 367 million in 2002 from 2001 . the increases in the oerb segment were primarily a result of higher natural gas and liquid hydrocarbon costs . the increases in the rm&t segment primarily reflected higher acquisition costs for crude oil , refined products , refinery charge and blend feedstocks and increased manufacturing expenses . selling , general and administrative expenses increased by $ 107 million in 2003 from 2002 and $ 125 million in 2002 from 2001 . the increase in 2003 was primarily a result of increased employee benefits ( caused by increased pension expense resulting from changes in actuarial assumptions and a decrease in realized returns on plan assets ) and other employee related costs . also , marathon changed assumptions in the health care cost trend rate from 7.5% ( 7.5 % ) to 10% ( 10 % ) , resulting in higher retiree health care costs . additionally , during 2003 , marathon recorded a charge of $ 24 million related to organizational and business process changes . the increase in 2002 primarily reflected increased employee related costs . inventory market valuation reserve is established to reduce the cost basis of inventories to current market value . the 2002 results of operations include credits to income from operations of $ 71 million , reversing the imv reserve at december 31 , 2001 . for additional information on this adjustment , see 201cmanagement 2019s discussion and analysis of critical accounting estimates 2013 net realizable value of inventories 201d on page 31 . net interest and other financial costs decreased by $ 82 million in 2003 from 2002 , following an increase of $ 96 million in 2002 from 2001 . the decrease in 2003 is primarily due to an increase in capitalized interest related to increased long-term construction projects , the favorable effect of interest rate swaps , the favorable effect of interest on tax deficiencies and increased interest income on investments . the increase in 2002 was primarily due to higher average debt levels resulting from acquisitions and the separation . additionally , included in net interest and other financing costs are foreign currency gains of $ 13 million and $ 8 million for 2003 and 2002 and losses of $ 5 million for 2001 . loss from early extinguishment of debt in 2002 was attributable to the retirement of $ 337 million aggregate principal amount of debt , resulting in a loss of $ 53 million . as a result of the adoption of statement of financial accounting standards no . 145 201crescission of fasb statements no . 4 , 44 , and 64 , amendment of fasb statement no . 13 , and technical corrections 201d ( 201csfas no . 145 201d ) , the loss from early extinguishment of debt that was previously reported as an extraordinary item ( net of taxes of $ 20 million ) has been reclassified into income before income taxes . the adoption of sfas no . 145 had no impact on net income for 2002 . minority interest in income of map , which represents ashland 2019s 38 percent ownership interest , increased by $ 129 million in 2003 from 2002 , following a decrease of $ 531 million in 2002 from 2001 . map income was higher in 2003 compared to 2002 as discussed below in the rm&t segment . map income was significantly lower in 2002 compared to 2001 as discussed below in the rm&t segment . provision for income taxes increased by $ 215 million in 2003 from 2002 , following a decrease of $ 458 million in 2002 from 2001 , primarily due to $ 720 million increase and $ 1.356 billion decrease in income before income taxes . the effective tax rate for 2003 was 36.6% ( 36.6 % ) compared to 42.1% ( 42.1 % ) and 37.1% ( 37.1 % ) for 2002 and 2001 . the higher rate in 2002 was due to the united kingdom enactment of a supplementary 10 percent tax on profits from the north sea oil and gas production , retroactively effective to april 17 , 2002 . in 2002 , marathon recognized a one-time noncash deferred tax adjustment of $ 61 million as a result of the rate increase . the following is an analysis of the effective tax rate for the periods presented: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2003</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>statutory tax rate</td><td>35.0% ( 35.0 % )</td><td>35.0% ( 35.0 % )</td><td>35.0% ( 35.0 % )</td></tr><tr><td>3</td><td>effects of foreign operations ( a )</td><td>-0.4 ( 0.4 )</td><td>5.6</td><td>-0.7 ( 0.7 )</td></tr><tr><td>4</td><td>state and local income taxes after federal income tax effects</td><td>2.2</td><td>3.9</td><td>3.0</td></tr><tr><td>5</td><td>other federal tax effects</td><td>-0.2 ( 0.2 )</td><td>-2.4 ( 2.4 )</td><td>-0.2 ( 0.2 )</td></tr><tr><td>6</td><td>effective tax rate</td><td>36.6% ( 36.6 % )</td><td>42.1% ( 42.1 % )</td><td>37.1% ( 37.1 % )</td></tr></table> ( a ) the deferred tax effect related to the enactment of a supplemental tax in the u.k . increased the effective tax rate 7.0 percent in 2002. .\nQuestion: what was the state and local income taxes after federal income tax effects in 2003?\nAnswer: 2.2\nQuestion: what was the state and local income taxes after federal income tax effects in 2002?\nAnswer: 3.9\nQuestion: what is the net change?\nAnswer: -1.7\nQuestion: what was the state and local income taxes after federal income tax effects in 2002?\n"
},
{
"role": "agent",
"content": "3.9"
}
] |
CONVFINQA4094
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) the following table summarizes expected benefit payments through 2018 including those payments expected to be paid from the company 2019s general assets . since the majority of the benefit payments are made in the form of lump-sum distributions , actual benefit payments may differ from expected benefits payments. . <table class='wikitable'><tr><td>1</td><td>2009</td><td>$ 19766</td></tr><tr><td>2</td><td>2010</td><td>18182</td></tr><tr><td>3</td><td>2011</td><td>25518</td></tr><tr><td>4</td><td>2012</td><td>21029</td></tr><tr><td>5</td><td>2013</td><td>24578</td></tr><tr><td>6</td><td>2014 2013 2018</td><td>118709</td></tr></table> substantially all of the company 2019s u.s . employees are eligible to participate in a defined contribution savings plan ( the 201csavings plan 201d ) sponsored by the company . the savings plan allows employees to contribute a portion of their base compensation on a pre-tax and after-tax basis in accordance with specified guidelines . the company matches a percentage of employees 2019 contributions up to certain limits . in 2007 and prior years , the company could also contribute to the savings plan a discretionary profit sharing component linked to company performance during the prior year . beginning in 2008 , the discretionary profit sharing amount related to 2007 company performance was paid directly to employees as a short-term cash incentive bonus rather than as a contribution to the savings plan . in addition , the company has several defined contribution plans outside of the united states . the company 2019s contribution expense related to all of its defined contribution plans was $ 35341 , $ 26996 and $ 43594 for 2008 , 2007 and 2006 , respectively . the company had a value appreciation program ( 201cvap 201d ) , which was an incentive compensation plan established in 1995 . annual awards were granted to vap participants from 1995 through 1998 , which entitled participants to the net appreciation on a portfolio of securities of members of mastercard international . in 1999 , the vap was replaced by an executive incentive plan ( 201ceip 201d ) and the senior executive incentive plan ( 201cseip 201d ) ( together the 201ceip plans 201d ) ( see note 16 ( share based payments and other benefits ) ) . contributions to the vap have been discontinued , all plan assets have been disbursed and no vap liability remained as of december 31 , 2008 . the company 2019s liability related to the vap at december 31 , 2007 was $ 986 . the expense ( benefit ) was $ ( 6 ) , $ ( 267 ) and $ 3406 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . note 12 . postemployment and postretirement benefits the company maintains a postretirement plan ( the 201cpostretirement plan 201d ) providing health coverage and life insurance benefits for substantially all of its u.s . employees and retirees hired before july 1 , 2007 . the company amended the life insurance benefits under the postretirement plan effective january 1 , 2007 . the impact , net of taxes , of this amendment was an increase of $ 1715 to accumulated other comprehensive income in 2007. .\nQuestion: what was the value of the expense related to all of the defined contribution plans in 2008?\nAnswer: 35341.0\nQuestion: what was this value in 2007?\nAnswer: 26996.0\nQuestion: what is the ratio of 2008 to 2007?\n"
},
{
"role": "agent",
"content": "1.30912"
}
] |
CONVFINQA2496
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naugusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>sales</td><td>$ 2940</td><td>$ 3403</td><td>$ 3435</td></tr><tr><td>3</td><td>operating profit ( loss )</td><td>-25 ( 25 )</td><td>178</td><td>161</td></tr></table> north american consumer packaging net sales were $ 1.9 billion in 2015 compared with $ 2.0 billion in 2014 and $ 2.0 billion in 2013 . operating profits were $ 81 million ( $ 91 million excluding the cost associated with the planned conversion of our riegelwood mill to 100% ( 100 % ) pulp production , net of proceeds from the sale of the carolina coated bristols brand , and sheet plant closure costs ) in 2015 compared with $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 and $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 . coated paperboard sales volumes in 2015 were lower than in 2014 reflecting weaker market demand . the business took about 77000 tons of market-related downtime in 2015 compared with about 41000 tons in 2014 . average sales price realizations increased modestly year over year as competitive pressures in the current year only partially offset the impact of sales price increases implemented in 2014 . input costs decreased for energy and chemicals , but wood costs increased . planned maintenance downtime costs were $ 10 million lower in 2015 . operating costs were higher , mainly due to inflation and overhead costs . foodservice sales volumes increased in 2015 compared with 2014 reflecting strong market demand . average sales margins increased due to lower resin costs and a more favorable mix . operating costs and distribution costs were both higher . looking ahead to the first quarter of 2016 , coated paperboard sales volumes are expected to be slightly lower than in the fourth quarter of 2015 due to our exit from the coated bristols market . average sales price realizations are expected to be flat , but margins should benefit from a more favorable product mix . input costs are expected to be higher for wood , chemicals and energy . planned maintenance downtime costs should be $ 4 million higher with a planned maintenance outage scheduled at our augusta mill in the first quarter . foodservice sales volumes are expected to be seasonally lower . average sales margins are expected to improve due to a more favorable mix . operating costs are expected to decrease . european consumer packaging net sales in 2015 were $ 319 million compared with $ 365 million in 2014 and $ 380 million in 2013 . operating profits in 2015 were $ 87 million compared with $ 91 million in 2014 and $ 100 million in 2013 . sales volumes in 2015 compared with 2014 increased in europe , but decreased in russia . average sales margins improved in russia due to slightly higher average sales price realizations and a more favorable mix . in europe average sales margins decreased reflecting lower average sales price realizations and an unfavorable mix . input costs were lower in europe , primarily for wood and energy , but were higher in russia , primarily for wood . looking forward to the first quarter of 2016 , compared with the fourth quarter of 2015 , sales volumes are expected to be stable . average sales price realizations are expected to be slightly higher in both russia and europe . input costs are expected to be flat , while operating costs are expected to increase . asian consumer packaging the company sold its 55% ( 55 % ) equity share in the ip-sun jv in october 2015 . net sales and operating profits presented below include results through september 30 , 2015 . net sales were $ 682 million in 2015 compared with $ 1.0 billion in 2014 and $ 1.1 billion in 2013 . operating profits in 2015 were a loss of $ 193 million ( a loss of $ 19 million excluding goodwill and other asset impairment costs ) compared with losses of $ 5 million in 2014 and $ 2 million in 2013 . sales volumes and average sales price realizations were lower in 2015 due to over-supplied market conditions and competitive pressures . average sales margins were also negatively impacted by a less favorable mix . input costs and freight costs were lower and operating costs also decreased . on october 13 , 2015 , the company finalized the sale of its 55% ( 55 % ) interest in ip asia coated paperboard ( ip- sun jv ) business , within the company's consumer packaging segment , to its chinese coated board joint venture partner , shandong sun holding group co. , ltd . for rmb 149 million ( approximately usd $ 23 million ) . during the third quarter of 2015 , a determination was made that the current book value of the asset group exceeded its estimated fair value of $ 23 million , which was the agreed upon selling price . the 2015 loss includes the net pre-tax impairment charge of $ 174 million ( $ 113 million after taxes ) . a pre-tax charge of $ 186 million was recorded during the third quarter in the company's consumer packaging segment to write down the long-lived assets of this business to their estimated fair value . in the fourth quarter of 2015 , upon the sale and corresponding deconsolidation of ip-sun jv from the company's consolidated balance sheet , final adjustments were made resulting in a reduction of the impairment of $ 12 million . the amount of pre-tax losses related to noncontrolling interest of the ip-sun jv included in the company's consolidated statement of operations for the years ended december 31 , 2015 , 2014 and 2013 were $ 19 million , $ 12 million and $ 8 million , respectively . the amount of pre-tax losses related to the ip-sun jv included in the company's .\nQuestion: in 2015, what was the amount of the north american consumer packaging net sales, in millions?\nAnswer: 1900.0\nQuestion: and what percentage did this amount represent in relation to the total of those consumer packaging sales for that year?\n"
},
{
"role": "agent",
"content": "0.64626"
}
] |
CONVFINQA4797
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating expenses millions 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2010</td><td>2009</td><td>2008</td><td>% ( % ) change 2010 v 2009</td><td>% ( % ) change2009 v 2008</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 4314</td><td>$ 4063</td><td>$ 4457</td><td>6% ( 6 % )</td><td>( 9 ) % ( % )</td></tr><tr><td>3</td><td>fuel</td><td>2486</td><td>1763</td><td>3983</td><td>41</td><td>-56 ( 56 )</td></tr><tr><td>4</td><td>purchased services and materials</td><td>1836</td><td>1644</td><td>1928</td><td>12</td><td>-15 ( 15 )</td></tr><tr><td>5</td><td>depreciation</td><td>1487</td><td>1427</td><td>1366</td><td>4</td><td>4</td></tr><tr><td>6</td><td>equipment and other rents</td><td>1142</td><td>1180</td><td>1326</td><td>-3 ( 3 )</td><td>-11 ( 11 )</td></tr><tr><td>7</td><td>other</td><td>719</td><td>687</td><td>840</td><td>5</td><td>-18 ( 18 )</td></tr><tr><td>8</td><td>total</td><td>$ 11984</td><td>$ 10764</td><td>$ 13900</td><td>11% ( 11 % )</td><td>( 23 ) % ( % )</td></tr></table> operating expenses increased $ 1.2 billion in 2010 versus 2009 . our fuel price per gallon increased 31% ( 31 % ) during the year , accounting for $ 566 million of the increase . wage and benefit inflation , depreciation , volume-related costs , and property taxes also contributed to higher expenses during 2010 compared to 2009 . cost savings from productivity improvements and better resource utilization partially offset these increases . operating expenses decreased $ 3.1 billion in 2009 versus 2008 . our fuel price per gallon declined 44% ( 44 % ) during 2009 , decreasing operating expenses by $ 1.3 billion compared to 2008 . cost savings from lower volume , productivity improvements , and better resource utilization also decreased operating expenses in 2009 . in addition , lower casualty expense resulting primarily from improving trends in safety performance decreased operating expenses in 2009 . conversely , wage and benefit inflation partially offset these reductions . compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs . general wage and benefit inflation increased costs by approximately $ 190 million in 2010 compared to 2009 . volume- related expenses and higher equity and incentive compensation also drove costs up during the year . workforce levels declined 1% ( 1 % ) in 2010 compared to 2009 as network efficiencies and ongoing productivity initiatives enabled us to effectively handle the 13% ( 13 % ) increase in volume levels with fewer employees . lower volume and productivity initiatives led to a 10% ( 10 % ) decline in our workforce in 2009 compared to 2008 , saving $ 516 million during the year . conversely , general wage and benefit inflation increased expenses , partially offsetting these savings . fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment . higher diesel fuel prices , which averaged $ 2.29 per gallon ( including taxes and transportation costs ) in 2010 compared to $ 1.75 per gallon in 2009 , increased expenses by $ 566 million . volume , as measured by gross ton-miles , increased 10% ( 10 % ) in 2010 versus 2009 , driving fuel expense up by $ 166 million . conversely , the use of newer , more fuel efficient locomotives , our fuel conservation programs and efficient network operations drove a 3% ( 3 % ) improvement in our fuel consumption rate in 2010 , resulting in $ 40 million of cost savings versus 2009 at the 2009 average fuel price . lower diesel fuel prices , which averaged $ 1.75 per gallon ( including taxes and transportation costs ) in 2009 compared to $ 3.15 per gallon in 2008 , reduced expenses by $ 1.3 billion in 2009 . volume , as measured by gross ton-miles , decreased 17% ( 17 % ) in 2009 , lowering expenses by $ 664 million compared to 2008 . our fuel consumption rate improved 4% ( 4 % ) in 2009 , resulting in $ 147 million of cost savings versus 2008 at the 2008 average fuel price . the consumption rate savings versus 2008 using the lower 2009 fuel price was $ 68 million . newer , more fuel efficient locomotives , reflecting locomotive acquisitions in recent years and the impact of a smaller fleet due to storage of some of our older locomotives ; increased use of 2010 operating expenses .\nQuestion: what are the operating expenses for compensation and benefits in 2008?\nAnswer: 4457.0\nQuestion: what about the total operating expenses in 2008?\nAnswer: 13900.0\nQuestion: what portion of is related to compensation and benefits?\nAnswer: 0.32065\nQuestion: what is the sum of total operating expenses for 2009 and 2010?\nAnswer: 22748.0\nQuestion: what about the sum for three years if 2008 is inlcuded?\nAnswer: 36648.0\nQuestion: what is the yearly average for this period?\n"
},
{
"role": "agent",
"content": "12216.0"
}
] |
CONVFINQA3963
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 level of information technology integration in 2006?\n"
},
{
"role": "agent",
"content": "3.0"
}
] |
CONVFINQA2616
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncourse of business , we actively manage our exposure to these market risks by entering into various hedging transactions , authorized under established policies that place clear controls on these activities . the counterparties in these transactions are generally highly rated institutions . we establish credit limits for each counterparty . our hedging transactions include but are not limited to a variety of derivative financial instruments . for information on interest rate , foreign exchange , commodity price , and equity instrument risk , please see note 7 to the consolidated financial statements in item 8 of this report . value at risk the estimates in the table below are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , and equity prices under normal market conditions . a monte carlo value-at-risk ( var ) methodology was used to quantify the market risk for our exposures . the models assumed normal market conditions and used a 95 percent confidence level . the var calculation used historical interest and foreign exchange rates , and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future . the market data were drawn from the riskmetrics 2122 data set . the calculations are not intended to represent actual losses in fair value that we expect to incur . further , since the hedging instrument ( the derivative ) inversely correlates with the underlying exposure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposure . the positions included in the calculations were : debt ; investments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures , and options ; and equity instruments . the calculations do not include the underlying foreign exchange and commodities or equity-related positions that are offset by these market-risk-sensitive instruments . the table below presents the estimated maximum potential var arising from a one-day loss in fair value for our interest rate , foreign currency , commodity , and equity market-risk-sensitive instruments outstanding as of may 27 , 2018 and may 28 , 2017 , and the average fair value impact during the year ended may 27 , 2018. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fair value impact may 27 2018</td><td>fair value impact averageduringfiscal 2018</td><td>fair value impact may 282017</td></tr><tr><td>2</td><td>interest rate instruments</td><td>$ 33.2</td><td>$ 27.5</td><td>$ 25.1</td></tr><tr><td>3</td><td>foreign currency instruments</td><td>21.3</td><td>23.1</td><td>24.6</td></tr><tr><td>4</td><td>commodity instruments</td><td>1.9</td><td>2.1</td><td>3.2</td></tr><tr><td>5</td><td>equity instruments</td><td>2.0</td><td>1.4</td><td>1.3</td></tr></table> .\nQuestion: what was the total of interest rate instruments as of may 2018?\nAnswer: 33.2\nQuestion: and what was it in may of the previous year?\nAnswer: 25.1\nQuestion: by how much, then, did it increase?\nAnswer: 8.1\nQuestion: and in that same year of 2018, what was the total of those interest rate instruments and the foreign currency ones?\n"
},
{
"role": "agent",
"content": "54.5"
}
] |
CONVFINQA3562
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe pnc financial services group , inc . 2013 form 10-k 29 part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2019 , there were 53986 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by our board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment . the board of directors presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve and our primary bank regulators as part of the comprehensive capital analysis and review ( ccar ) process as described in the supervision and regulation section in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and other factors that could limit our ability to pay dividends , as well as restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see the supervision and regulation section in item 1 , item 1a risk factors , the liquidity and capital management portion of the risk management section in item 7 , and note 10 borrowed funds , note 15 equity and note 18 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2018 in the table ( with introductory paragraph and notes ) in item 12 of this report . our stock transfer agent and registrar is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 www.computershare.com/pnc registered shareholders may contact computershare regarding dividends and other shareholder services . we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2018 are included in the following table : in thousands , except per share data 2018 period total shares purchased ( a ) average price paid per share total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) . <table class='wikitable'><tr><td>1</td><td>2018 period</td><td>total shares purchased ( a )</td><td>average price paid per share</td><td>total shares purchased as part of publicly announced programs ( b )</td><td>maximum number of shares that may yet be purchased under the programs ( b )</td></tr><tr><td>2</td><td>october 1 2013 31</td><td>1204</td><td>$ 128.43</td><td>1189</td><td>25663</td></tr><tr><td>3</td><td>november 1 2013 30</td><td>1491</td><td>$ 133.79</td><td>1491</td><td>24172</td></tr><tr><td>4</td><td>december 1 2013 31</td><td>3458</td><td>$ 119.43</td><td>3458</td><td>20714</td></tr><tr><td>5</td><td>total</td><td>6153</td><td>$ 124.67</td><td>-</td><td>-</td></tr></table> ( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements . note 11 employee benefit plans and note 12 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock . ( b ) on march 11 , 2015 , we announced that our board of directors approved a stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 . repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process . in june 2018 , we announced share repurchase programs of up to $ 2.0 billion for the four quarter period beginning with the third quarter of 2018 , including repurchases of up to $ 300 million related to stock issuances under employee benefit plans , in accordance with pnc's 2018 capital plan . in november 2018 , we announced an increase to these previously announced programs in the amount of up to $ 900 million in additional common share repurchases . the aggregate repurchase price of shares repurchased during the fourth quarter of 2018 was $ .8 billion . see the liquidity and capital management portion of the risk management section in item 7 of this report for more information on the authorized share repurchase programs for the period july 1 , 2018 through june 30 , 2019 . http://www.computershare.com/pnc .\nQuestion: what is the number of shares not purchased as part of publicly announced programs as of october 31, 2013?\nAnswer: 15.0\nQuestion: what is the total number of shares purchased as of october 31, 2013?\n"
},
{
"role": "agent",
"content": "1204.0"
}
] |
CONVFINQA9389
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 risk-free rate in 2009?\nAnswer: 2.5\nQuestion: what about in 2008?\nAnswer: 3.2\nQuestion: what is the net change?\nAnswer: -0.7\nQuestion: what percentage change does this represent?\nAnswer: -0.21875\nQuestion: what is the net change in weighted-average fair value per option granted from 2007 to 2008?\nAnswer: 37.51\nQuestion: what is the weighted-average fair value per option granted\tin 2007?\n"
},
{
"role": "agent",
"content": "41.03"
}
] |
CONVFINQA7101
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nabiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 . stock award plans and stock-based compensation ( continued ) restricted stock and restricted stock units the following table summarizes restricted stock and restricted stock unit activity for the fiscal year ended march 31 , 2012 : number of shares ( in thousands ) weighted average grant date fair value ( per share ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of shares ( in thousands )</td><td>weighted average grant date fair value ( per share )</td></tr><tr><td>2</td><td>restricted stock and restricted stock units at beginning of year</td><td>407</td><td>$ 9.84</td></tr><tr><td>3</td><td>granted</td><td>607</td><td>18.13</td></tr><tr><td>4</td><td>vested</td><td>-134 ( 134 )</td><td>10.88</td></tr><tr><td>5</td><td>forfeited</td><td>-9 ( 9 )</td><td>13.72</td></tr><tr><td>6</td><td>restricted stock and restricted stock units at end of year</td><td>871</td><td>$ 15.76</td></tr></table> the remaining unrecognized compensation expense for outstanding restricted stock and restricted stock units , including performance-based awards , as of march 31 , 2012 was $ 7.1 million and the weighted-average period over which this cost will be recognized is 2.2 years . the weighted average grant-date fair value for restricted stock and restricted stock units granted during the years ended march 31 , 2012 , 2011 , and 2010 was $ 18.13 , $ 10.00 and $ 7.67 per share , respectively . the total fair value of restricted stock and restricted stock units vested in fiscal years 2012 , 2011 , and 2010 was $ 1.5 million , $ 1.0 million and $ 0.4 million , respectively . performance-based awards included in the restricted stock and restricted stock units activity discussed above are certain awards granted in fiscal years 2012 , 2011 and 2010 that vest subject to certain performance-based criteria . in june 2010 , 311000 shares of restricted stock and a performance-based award for the potential issuance of 45000 shares of common stock were issued to certain executive officers and members of senior management of the company , all of which would vest upon achievement of prescribed service milestones by the award recipients and performance milestones by the company . during the year ended march 31 , 2011 , the company determined that it met the prescribed performance targets and a portion of these shares and stock options vested . the remaining shares will vest upon satisfaction of prescribed service conditions by the award recipients . during the three months ended june 30 , 2011 , the company determined that it should have been using the graded vesting method instead of the straight-line method to expense stock-based compensation for the performance-based awards issued in june 2010 . this resulted in additional stock based compensation expense of approximately $ 0.6 million being recorded during the three months ended june 30 , 2011 that should have been recorded during the year ended march 31 , 2011 . the company believes that the amount is not material to its march 31 , 2011 consolidated financial statements and therefore recorded the adjustment in the quarter ended june 30 , 2011 . during the three months ended june 30 , 2011 , performance-based awards of restricted stock units for the potential issuance of 284000 shares of common stock were issued to certain executive officers and members of the senior management , all of which would vest upon achievement of prescribed service milestones by the award recipients and revenue performance milestones by the company . as of march 31 , 2012 , the company determined that it met the prescribed targets for 184000 shares underlying these awards and it believes it is probable that the prescribed performance targets will be met for the remaining 100000 shares , and the compensation expense is being recognized accordingly . during the year ended march 31 , 2012 , the company has recorded $ 3.3 million in stock-based compensation expense for equity awards in which the prescribed performance milestones have been achieved or are probable of being achieved . the remaining unrecognized compensation expense related to these equity awards at march 31 , 2012 is $ 3.6 million based on the company 2019s current assessment of probability of achieving the performance milestones . the weighted-average period over which this cost will be recognized is 2.1 years. .\nQuestion: what was the total value of the granted shares in 2012, in thousands of dollars?\nAnswer: 11004.91\nQuestion: and how much is that in dollars?\nAnswer: 11004910.0\nQuestion: in that same year, what was the amount of the equity awards in which the prescribed performance milestones were achieved, also in dollars?\nAnswer: 3300000.0\nQuestion: which one, then, is greater: the value of these equity awards or of those granted shares?\nAnswer: yes\nQuestion: still in 2012, what was the full amount of equity awards where the performance criteria has been met, in dollars?\n"
},
{
"role": "agent",
"content": "3600000.0"
}
] |
CONVFINQA5254
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nestimates of synthetic crude oil reserves are prepared by glj petroleum consultants of calgary , canada , third-party consultants . their reports for all years are filed as exhibits to this annual report on form 10-k . the team lead responsible for the estimates of our osm reserves has 34 years of experience in petroleum engineering and has conducted surface mineable oil sands evaluations since 1986 . he is a member of spe , having served as regional director from 1998 through 2001 . the second team member has 13 years of experience in petroleum engineering and has conducted surface mineable oil sands evaluations since 2009 . both are registered practicing professional engineers in the province of alberta . audits of estimates third-party consultants are engaged to provide independent estimates for fields that comprise 80 percent of our total proved reserves over a rolling four-year period for the purpose of auditing the in-house reserve estimates . we met this goal for the four- year period ended december 31 , 2012 . we established a tolerance level of 10 percent such that initial estimates by the third-party consultants are accepted if they are within 10 percent of our internal estimates . should the third-party consultants 2019 initial analysis fail to reach our tolerance level , both our team and the consultants re-examine the information provided , request additional data and refine their analysis if appropriate . this resolution process is continued until both estimates are within 10 percent . in the very limited instances where differences outside the 10 percent tolerance cannot be resolved by year end , a plan to resolve the difference is developed and our senior management is informed . this process did not result in significant changes to our reserve estimates in 2012 or 2011 . there were no third-party audits performed in 2010 . during 2012 , netherland , sewell & associates , inc . ( \"nsai\" ) prepared a certification of december 31 , 2011 reserves for the alba field in e.g . the nsai summary report is filed as an exhibit to this annual report on form 10-k . members of the nsai team have many years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has a bachelor of science degree in geophysics and over 15 years of experience in the estimation of and evaluation of reserves . the second member has a bachelor of science degree in chemical engineering and master of business administration along with over 3 years of experience in estimation and evaluation of reserves . both are licensed in the state of texas . ryder scott company ( \"ryder scott\" ) performed audits of several of our fields in 2012 and 2011 . their summary reports on audits performed in 2012 and 2011 are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he has a bachelor of science degree in mechanical engineering , is a member of spe where he served on the oil and gas reserves committee and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2012 , 571 mmboe of proved undeveloped reserves were reported , an increase of 176 mmboe from december 31 , 2011 . the following table shows changes in total proved undeveloped reserves for 2012 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>395</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>-13 ( 13 )</td></tr><tr><td>3</td><td>improved recovery</td><td>2</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>56</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>201</td></tr><tr><td>6</td><td>transfer to proved developed</td><td>-70 ( 70 )</td></tr><tr><td>7</td><td>end of year</td><td>571</td></tr></table> significant additions to proved undeveloped reserves during 2012 include 56 mmboe due to acquisitions in the eagle ford shale . development drilling added 124 mmboe in the eagle ford , 35 mmboe in the bakken and 15 mmboe in the oklahoma resource basins shale play . a gas sharing agreement signed with the libyan government in 2012 added 19 mmboe . additionally , 30 mmboe were transferred from proved undeveloped to proved developed reserves in the eagle ford and 14 mmboe in the bakken shale plays due to producing wells . costs incurred in 2012 , 2011 and 2010 relating to the development of proved undeveloped reserves , were $ 1995 million $ 1107 million and $ 1463 million . a total of 27 mmboe was booked as a result of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking reserves. .\nQuestion: what was the value of undeveloped reserves at the end of the year?\nAnswer: 571.0\nQuestion: what was the value at the start of the year?\n"
},
{
"role": "agent",
"content": "395.0"
}
] |
CONVFINQA6451
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 86% ( 86 % ) and 94% ( 94 % ) as of december 31 , 2018 and 2017 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates . <table class='wikitable'><tr><td>1</td><td>as of december 31,</td><td>increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates</td><td>increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates</td></tr><tr><td>2</td><td>2018</td><td>$ -91.3 ( 91.3 )</td><td>$ 82.5</td></tr><tr><td>3</td><td>2017</td><td>-20.2 ( 20.2 )</td><td>20.6</td></tr></table> we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we did not have any interest rate swaps outstanding as of december 31 , 2018 . we had $ 673.5 of cash , cash equivalents and marketable securities as of december 31 , 2018 that we generally invest in conservative , short-term bank deposits or securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2018 and 2017 , we had interest income of $ 21.8 and $ 19.4 , respectively . based on our 2018 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 6.7 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2018 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the foreign currencies that most favorably impacted our results during the year ended december 31 , 2018 were the euro and british pound sterling . the foreign currencies that most adversely impacted our results during the year ended december 31 , of 2018 were the argentine peso and brazilian real . based on 2018 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2018 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other .\nQuestion: what is the sum of the interest rate in 2017 and 2018?\nAnswer: 41.2\nQuestion: what is the average rate per year?\n"
},
{
"role": "agent",
"content": "20.6"
}
] |
CONVFINQA8857
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n74 2012 ppg annual report and form 10-k 25 . separation and merger transaction on january , 28 , 2013 , the company completed the previously announced separation of its commodity chemicals business and merger of its wholly-owned subsidiary , eagle spinco inc. , with a subsidiary of georgia gulf corporation in a tax efficient reverse morris trust transaction ( the 201ctransaction 201d ) . pursuant to the merger , eagle spinco , the entity holding ppg's former commodity chemicals business , is now a wholly-owned subsidiary of georgia gulf . the closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions . the combined company formed by uniting georgia gulf with ppg's former commodity chemicals business is named axiall corporation ( 201caxiall 201d ) . ppg holds no ownership interest in axiall . ppg received the necessary ruling from the internal revenue service and as a result this transaction was generally tax free to ppg and its shareholders . under the terms of the exchange offer , 35249104 shares of eagle spinco common stock were available for distribution in exchange for shares of ppg common stock accepted in the offer . following the merger , each share of eagle spinco common stock automatically converted into the right to receive one share of axiall corporation common stock . accordingly , ppg shareholders who tendered their shares of ppg common stock as part of this offer received 3.2562 shares of axiall common stock for each share of ppg common stock accepted for exchange . ppg was able to accept the maximum of 10825227 shares of ppg common stock for exchange in the offer , and thereby , reduced its outstanding shares by approximately 7% ( 7 % ) . under the terms of the transaction , ppg received $ 900 million of cash and 35.2 million shares of axiall common stock ( market value of $ 1.8 billion on january 25 , 2013 ) which was distributed to ppg shareholders by the exchange offer as described above . the cash consideration is subject to customary post-closing adjustment , including a working capital adjustment . in the transaction , ppg transferred environmental remediation liabilities , defined benefit pension plan assets and liabilities and other post-employment benefit liabilities related to the commodity chemicals business to axiall . ppg will report a gain on the transaction reflecting the excess of the sum of the cash proceeds received and the cost ( closing stock price on january 25 , 2013 ) of the ppg shares tendered and accepted in the exchange for the 35.2 million shares of axiall common stock over the net book value of the net assets of ppg's former commodity chemicals business . the transaction will also result in a net partial settlement loss associated with the spin out and termination of defined benefit pension liabilities and the transfer of other post-retirement benefit liabilities under the terms of the transaction . during 2012 , the company incurred $ 21 million of pretax expense , primarily for professional services , related to the transaction . additional transaction-related expenses will be incurred in 2013 . ppg will report the results of its commodity chemicals business for january 2013 and a net gain on the transaction as results from discontinued operations when it reports its results for the quarter ending march 31 , 2013 . in the ppg results for prior periods , presented for comparative purposes beginning with the first quarter 2013 , the results of its former commodity chemicals business will be reclassified from continuing operations and presented as the results from discontinued operations . the net sales and income before income taxes of the commodity chemicals business that will be reclassified and reported as discontinued operations are presented in the table below for the years ended december 31 , 2012 , 2011 and 2010: . <table class='wikitable'><tr><td>1</td><td>millions</td><td>year-ended 2012</td><td>year-ended 2011</td><td>year-ended 2010</td></tr><tr><td>2</td><td>net sales</td><td>$ 1700</td><td>$ 1741</td><td>$ 1441</td></tr><tr><td>3</td><td>income before income taxes</td><td>$ 368</td><td>$ 376</td><td>$ 187</td></tr></table> income before income taxes for the year ended december 31 , 2012 , 2011 and 2010 is $ 4 million lower , $ 6 million higher and $ 2 million lower , respectively , than segment earnings for the ppg commodity chemicals segment reported for these periods . these differences are due to the inclusion of certain gains , losses and expenses associated with the chlor-alkali and derivatives business that were not reported in the ppg commodity chemicals segment earnings in accordance with the accounting guidance on segment reporting . table of contents notes to the consolidated financial statements .\nQuestion: what was the total market value of the received shares of axiall common stock under the terms of the transaction, in billions?\nAnswer: 1.8\nQuestion: and how much is that in millions?\nAnswer: 1800.0\nQuestion: what is, then, the total amount received by ppg shareholders, considering the axiall common stock shares and the cash, in millions?\nAnswer: 2700.0\nQuestion: and how much is that in billions?\n"
},
{
"role": "agent",
"content": "2.7"
}
] |
CONVFINQA9078
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrecognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees . 2022 professional fees and outside services expense decreased in 2017 compared to 2016 , largely due to higher legal and regulatory fees in 2016 related to our business activities and product offerings as well as higher professional fees related to a greater reliance on consultants for security and systems enhancement work . the overall decrease in operating expenses in 2017 when compared with 2016 was partially offset by the following increases : 2022 licensing and other fee sharing agreements expense increased due to higher expense resulting from incentive payments made to facilitate the transition of the russell contract open interest , as well as increased costs of revenue sharing agreements for certain licensed products . the overall increase in 2017 was partially offset by lower expense related to revenue sharing agreements for certain equity and energy contracts due to lower volume for these products compared to 2016 . 2022 compensation and benefits expense increased as a result of higher average headcount primarily in our international locations as well as normal cost of living adjustments . 2016 compared with 2015 operating expenses increased by $ 54.4 million in 2016 when compared with 2015 . the following table shows the estimated impact of key factors resulting in the net decrease in operating expenses . ( dollars in millions ) over-year change change as a percentage of 2015 expenses . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>year-over-yearchange</td><td>change as apercentage of2015 expenses</td></tr><tr><td>2</td><td>loss on datacenter and related legal fees</td><td>$ 28.6</td><td>2% ( 2 % )</td></tr><tr><td>3</td><td>professional fees and outside services</td><td>24.4</td><td>2</td></tr><tr><td>4</td><td>foreign currency exchange rate fluctuation</td><td>13.2</td><td>1</td></tr><tr><td>5</td><td>licensing and other fee agreements</td><td>12.0</td><td>1</td></tr><tr><td>6</td><td>reorganization severance and retirement costs</td><td>-8.1 ( 8.1 )</td><td>-1 ( 1 )</td></tr><tr><td>7</td><td>real estate taxes and fees</td><td>-10.0 ( 10.0 )</td><td>-1 ( 1 )</td></tr><tr><td>8</td><td>other expenses net</td><td>-5.7 ( 5.7 )</td><td>2014</td></tr><tr><td>9</td><td>total</td><td>$ 54.4</td><td>4% ( 4 % )</td></tr></table> overall operating expenses increased in 2016 when compared with 2015 due to the following reasons : 2022 in 2016 , we recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees as a result of our sale and leaseback of our datacenter . 2022 professional fees and outside services expense increased in 2016 largely due to an increase in legal and regulatory efforts related to our business activities and product offerings as well as an increase in professional fees related to a greater reliance on consultants for security and systems enhancement work . 2022 in 2016 , we recognized a net loss of $ 24.5 million due to an unfavorable change in exchange rates on foreign cash balances , compared with a net loss of $ 11.3 million in 2015 . 2022 licensing and other fee sharing agreements expense increased due to higher expense related to revenue sharing agreements for certain equity and energy contracts due to both higher volume and an increase in license rates for certain equity and energy products. .\nQuestion: what is the ratio of the total operating expenses year over year change to the change as a percent?\nAnswer: 1360.0\nQuestion: what is the total operating expenses year over year change?\n"
},
{
"role": "agent",
"content": "54.4"
}
] |
CONVFINQA9237
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net sales</td><td>$ 8246</td><td>$ 8654</td><td>$ 8027</td></tr><tr><td>3</td><td>operating profit</td><td>972</td><td>972</td><td>953</td></tr><tr><td>4</td><td>operating margin</td><td>11.8% ( 11.8 % )</td><td>11.2% ( 11.2 % )</td><td>11.9% ( 11.9 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>17800</td><td>16800</td><td>17900</td></tr></table> net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .\nQuestion: what is the net sales in 2010?\nAnswer: 8246.0\nQuestion: what is the operating profit in 2010?\nAnswer: 972.0\nQuestion: what is the the difference among these two?\n"
},
{
"role": "agent",
"content": "7274.0"
}
] |
CONVFINQA6043
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 is the net change in research and development costs from 2014 to 2015?\n"
},
{
"role": "agent",
"content": "-4.0"
}
] |
CONVFINQA2538
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n28 , 35 , or 90 days . the funds associated with failed auctions will not be accessible until a successful auction occurs or a buyer is found outside of the auction process . based on broker- dealer valuation models and an analysis of other-than-temporary impairment factors , auction rate securities with an original par value of approximately $ 34 million were written-down to an estimated fair value of $ 16 million as of december 31 , 2007 . this write-down resulted in an 201cother-than-temporary 201d impairment charge of approximately $ 8 million ( pre-tax ) included in net income and a temporary impairment charge of $ 10 million ( pre-tax ) reflected as an unrealized loss within other comprehensive income for 2007 . as of december 31 , 2007 , these investments in auction rate securities have been in a loss position for less than six months . these auction rate securities are classified as non-current marketable securities as of december 31 , 2007 as indicated in the preceding table . 3m reviews impairments associated with the above in accordance with emerging issues task force ( eitf ) 03-1 and fsp sfas 115-1 and 124-1 , 201cthe meaning of other-than-temporary-impairment and its application to certain investments , 201d to determine the classification of the impairment as 201ctemporary 201d or 201cother-than-temporary . 201d a temporary impairment charge results in an unrealized loss being recorded in the other comprehensive income component of stockholders 2019 equity . such an unrealized loss does not reduce net income for the applicable accounting period because the loss is not viewed as other-than-temporary . the company believes that a portion of the impairment of its auction rate securities investments is temporary and a portion is other-than-temporary . the factors evaluated to differentiate between temporary and other-than-temporary include the projected future cash flows , credit ratings actions , and assessment of the credit quality of the underlying collateral . the balance at december 31 , 2007 for marketable securities and short-term investments by contractual maturity are shown below . actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties . dec . 31 , ( millions ) 2007 . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>dec . 31 2007</td></tr><tr><td>2</td><td>due in one year or less</td><td>$ 231</td></tr><tr><td>3</td><td>due after one year through three years</td><td>545</td></tr><tr><td>4</td><td>due after three years through five years</td><td>221</td></tr><tr><td>5</td><td>due after five years</td><td>62</td></tr><tr><td>6</td><td>total marketable securities</td><td>$ 1059</td></tr></table> predetermined intervals , usually every 7 .\nQuestion: what was the original par value of the auction rate securities, in millions?\n"
},
{
"role": "agent",
"content": "34.0"
}
] |
CONVFINQA10415
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfreesheet paper were higher in russia , but lower in europe reflecting weak economic conditions and market demand . average sales price realizations for pulp decreased . lower input costs for wood and purchased fiber were partially offset by higher costs for energy , chemicals and packaging . freight costs were also higher . planned maintenance downtime costs were higher due to executing a significant once-every-ten-years maintenance outage plus the regularly scheduled 18-month outage at the saillat mill while outage costs in russia and poland were lower . manufacturing operating costs were favor- entering 2013 , sales volumes in the first quarter are expected to be seasonally weaker in russia , but about flat in europe . average sales price realizations for uncoated freesheet paper are expected to decrease in europe , but increase in russia . input costs should be higher in russia , especially for wood and energy , but be slightly lower in europe . no maintenance outages are scheduled for the first quarter . ind ian papers includes the results of andhra pradesh paper mills ( appm ) of which a 75% ( 75 % ) interest was acquired on october 14 , 2011 . net sales were $ 185 million in 2012 and $ 35 million in 2011 . operat- ing profits were a loss of $ 16 million in 2012 and a loss of $ 3 million in 2011 . asian pr int ing papers net sales were $ 85 mil- lion in 2012 , $ 75 million in 2011 and $ 80 million in 2010 . operating profits were improved from break- even in past years to $ 1 million in 2012 . u.s . pulp net sales were $ 725 million in 2012 compared with $ 725 million in 2011 and $ 715 million in 2010 . operating profits were a loss of $ 59 million in 2012 compared with gains of $ 87 million in 2011 and $ 107 million in 2010 . sales volumes in 2012 increased from 2011 primarily due to the start-up of pulp production at the franklin mill in the third quarter of 2012 . average sales price realizations were significantly lower for both fluff pulp and market pulp . input costs were lower , primarily for wood and energy . freight costs were slightly lower . mill operating costs were unfavorable primarily due to costs associated with the start-up of the franklin mill . planned maintenance downtime costs were lower . in the first quarter of 2013 , sales volumes are expected to be flat with the fourth quarter of 2012 . average sales price realizations are expected to improve reflecting the realization of sales price increases for paper and tissue pulp that were announced in the fourth quarter of 2012 . input costs should be flat . planned maintenance downtime costs should be about $ 9 million higher than in the fourth quarter of 2012 . manufacturing costs related to the franklin mill should be lower as we continue to improve operations . consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2012 decreased 15% ( 15 % ) from 2011 and 7% ( 7 % ) from 2010 . operating profits increased 64% ( 64 % ) from 2011 and 29% ( 29 % ) from 2010 . net sales and operating profits include the shorewood business in 2011 and 2010 . exclud- ing asset impairment and other charges associated with the sale of the shorewood business , and facility closure costs , 2012 operating profits were 27% ( 27 % ) lower than in 2011 , but 23% ( 23 % ) higher than in 2010 . benefits from lower raw material costs ( $ 22 million ) , lower maintenance outage costs ( $ 5 million ) and other items ( $ 2 million ) were more than offset by lower sales price realizations and an unfavorable product mix ( $ 66 million ) , lower sales volumes and increased market-related downtime ( $ 22 million ) , and higher operating costs ( $ 40 million ) . in addition , operating profits in 2012 included a gain of $ 3 million related to the sale of the shorewood business while operating profits in 2011 included a $ 129 million fixed asset impairment charge for the north ameri- can shorewood business and $ 72 million for other charges associated with the sale of the shorewood business . consumer packaging . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>sales</td><td>$ 3170</td><td>$ 3710</td><td>$ 3400</td></tr><tr><td>3</td><td>operating profit</td><td>268</td><td>163</td><td>207</td></tr></table> north american consumer packaging net sales were $ 2.0 billion in 2012 compared with $ 2.5 billion in 2011 and $ 2.4 billion in 2010 . operating profits were $ 165 million ( $ 162 million excluding a gain related to the sale of the shorewood business ) in 2012 compared with $ 35 million ( $ 236 million excluding asset impairment and other charges asso- ciated with the sale of the shorewood business ) in 2011 and $ 97 million ( $ 105 million excluding facility closure costs ) in 2010 . coated paperboard sales volumes in 2012 were lower than in 2011 reflecting weaker market demand . average sales price realizations were lower , primar- ily for folding carton board . input costs for wood increased , but were partially offset by lower costs for chemicals and energy . planned maintenance down- time costs were slightly lower . market-related down- time was about 113000 tons in 2012 compared with about 38000 tons in 2011. .\nQuestion: what was the total amount of the north american consumer packaging net sales in 2012, in millions?\nAnswer: 2000.0\nQuestion: and what were the total consumer packaging sales in that year?\nAnswer: 3170.0\nQuestion: what percentage, then, of this total sales did that total amount represent?\n"
},
{
"role": "agent",
"content": "0.63091"
}
] |
CONVFINQA4182
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>weighted average common shares outstanding for basic computations</td><td>284.5</td><td>287.8</td><td>299.3</td></tr><tr><td>3</td><td>weighted average dilutive effect of equity awards</td><td>2.3</td><td>2.8</td><td>3.8</td></tr><tr><td>4</td><td>weighted average common shares outstanding for diluted computations</td><td>286.8</td><td>290.6</td><td>303.1</td></tr></table> we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units ( rsus ) , performance stock units ( psus ) and exercise of outstanding stock options based on the treasury stock method . there were no significant anti-dilutive equity awards for the years ended december 31 , 2018 , 2017 and 2016 . note 3 2013 acquisition and divestitures consolidation of awe management limited on august 24 , 2016 , we increased our ownership interest in the awe joint venture , which operates the united kingdom 2019s nuclear deterrent program , from 33% ( 33 % ) to 51% ( 51 % ) . consequently , we began consolidating awe and our operating results include 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . prior to increasing our ownership interest , we accounted for our investment in awe using the equity method of accounting . under the equity method , we recognized only 33% ( 33 % ) of awe 2019s earnings or losses and no sales . accordingly , prior to august 24 , 2016 , the date we obtained control , we recorded 33% ( 33 % ) of awe 2019s net earnings in our operating results and subsequent to august 24 , 2016 , we recognized 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . we accounted for this transaction as a 201cstep acquisition 201d ( as defined by u.s . gaap ) , which requires us to consolidate and record the assets and liabilities of awe at fair value . accordingly , we recorded intangible assets of $ 243 million related to customer relationships , $ 32 million of net liabilities , and noncontrolling interests of $ 107 million . the intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows . in 2016 , we recognized a non-cash net gain of $ 104 million associated with obtaining a controlling interest in awe , which consisted of a $ 127 million pretax gain recognized in the operating results of our space business segment and $ 23 million of tax-related items at our corporate office . the gain represented the fair value of our 51% ( 51 % ) interest in awe , less the carrying value of our previously held investment in awe and deferred taxes . the gain was recorded in other income , net on our consolidated statements of earnings . the fair value of awe ( including the intangible assets ) , our controlling interest , and the noncontrolling interests were determined using the income approach . divestiture of the information systems & global solutions business on august 16 , 2016 , we divested our former is&gs business , which merged with leidos , in a reverse morris trust transaction ( the 201ctransaction 201d ) . the transaction was completed in a multi-step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock of abacus was distributed to participating lockheed martin stockholders through an exchange offer . under the terms of the exchange offer , lockheed martin stockholders had the option to exchange shares of lockheed martin common stock for shares of abacus common stock . at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange . the shares of lockheed martin common stock that were exchanged and accepted were retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) . following the exchange offer , abacus merged with a subsidiary of leidos , with abacus continuing as the surviving corporation and a wholly-owned subsidiary of leidos . as part of the merger , each share of abacus common stock was automatically converted into one share of leidos common stock . we did not receive any shares of leidos common stock as part of the transaction and do not hold any shares of leidos or abacus common stock following the transaction . based on an opinion of outside tax counsel , subject to customary qualifications and based on factual representations , the exchange offer and merger will qualify as tax-free transactions to lockheed martin and its stockholders , except to the extent that cash was paid to lockheed martin stockholders in lieu of fractional shares . in connection with the transaction , abacus borrowed an aggregate principal amount of approximately $ 1.84 billion under term loan facilities with third party financial institutions , the proceeds of which were used to make a one-time special cash payment of $ 1.80 billion to lockheed martin and to pay associated borrowing fees and expenses . the entire special cash payment was used to repay debt , pay dividends and repurchase stock during the third and fourth quarters of 2016 . the obligations under the abacus term loan facilities were guaranteed by leidos as part of the transaction. .\nQuestion: what was the total of weighted average common shares outstanding for basic computations in 2018?\nAnswer: 284.5\nQuestion: and what was it in 2017?\nAnswer: 287.8\nQuestion: what was, then, the change over the year?\nAnswer: -3.3\nQuestion: what was the total of weighted average common shares outstanding for basic computations in 2017?\nAnswer: 287.8\nQuestion: and how much does that change represent in relation to this 2017 total, in percentage?\n"
},
{
"role": "agent",
"content": "-0.01147"
}
] |
CONVFINQA5585
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfuture payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 notes . 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities , including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 notes . 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes , which were repaid in december 2014 at maturity , and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2019 ( the 201c2019 notes 201d ) . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors from barclays on december 1 , 2009 , and for general corporate purposes . interest on the 2019 notes of approximately $ 50 million per year is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 notes . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund-of-funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2017 notes . 13 . commitments and contingencies operating lease commitments the company leases its primary office spaces under agreements that expire through 2035 . future minimum commitments under these operating leases are as follows : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>amount</td></tr><tr><td>2</td><td>2017</td><td>142</td></tr><tr><td>3</td><td>2018</td><td>135</td></tr><tr><td>4</td><td>2019</td><td>125</td></tr><tr><td>5</td><td>2020</td><td>120</td></tr><tr><td>6</td><td>2021</td><td>112</td></tr><tr><td>7</td><td>thereafter</td><td>404</td></tr><tr><td>8</td><td>total</td><td>$ 1038</td></tr></table> rent expense and certain office equipment expense under lease agreements amounted to $ 134 million , $ 136 million and $ 132 million in 2016 , 2015 and 2014 , respectively . investment commitments . at december 31 , 2016 , the company had $ 192 million of various capital commitments to fund sponsored investment funds , including consolidated vies . these funds include private equity funds , real assets funds , and opportunistic funds . this amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds . in addition to the capital commitments of $ 192 million , the company had approximately $ 12 million of contingent commitments for certain funds which have investment periods that have expired . generally , the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment . these unfunded commitments are not recorded on the consolidated statements of financial condition . these commitments do not include potential future commitments approved by the company that are not yet legally binding . the company intends to make additional capital commitments from time to time to fund additional investment products for , and with , its clients . contingencies contingent payments related to business acquisitions . in connection with certain acquisitions , blackrock is required to make contingent payments , subject to achieving specified performance targets , which may include revenue related to acquired contracts or new capital commitments for certain products . the fair value of the remaining aggregate contingent payments at december 31 , 2016 totaled $ 115 million and is included in other liabilities on the consolidated statement of financial condition . other contingent payments . the company acts as the portfolio manager in a series of derivative transactions and has a maximum potential exposure of $ 17 million between the company and counterparty . see note 7 , derivatives and hedging , for further discussion . legal proceedings . from time to time , blackrock receives subpoenas or other requests for information from various u.s . federal , state governmental and domestic and international regulatory authorities in connection with .\nQuestion: what was the change in rent expense and rent certain office expenses from 2016 to 2017?\n"
},
{
"role": "agent",
"content": "8.0"
}
] |
CONVFINQA3144
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 was the net revenue in 2011?\nAnswer: 247.0\nQuestion: what was the net revenue in 2010?\nAnswer: 272.9\nQuestion: what is the difference?\nAnswer: -25.9\nQuestion: what was the retail electric price value?\n"
},
{
"role": "agent",
"content": "-16.9"
}
] |
CONVFINQA7889
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 . operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s . dollar denominated net debt . ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand . sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china . sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard . average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets . average sales price realizations in russian markets increased year over year for all products . input costs were higher in 2018 , primarily for wood , fuel and chemicals . distribution costs were negatively impacted by tariffs and inflation . the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days . based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china . input costs are projected to be relatively flat , while distribution costs are expected to increase . equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 . the company received cash dividends from the investment of $ 25 million in 2018 . liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products . while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle . cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program . cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 . cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 . investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending . in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested . the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle . capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 . across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 . the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>industrial packaging</td><td>$ 1061</td><td>$ 836</td><td>$ 832</td></tr><tr><td>3</td><td>global cellulose fibers</td><td>183</td><td>188</td><td>174</td></tr><tr><td>4</td><td>printing papers</td><td>303</td><td>235</td><td>215</td></tr><tr><td>5</td><td>subtotal</td><td>1547</td><td>1259</td><td>1221</td></tr><tr><td>6</td><td>corporate and other</td><td>25</td><td>21</td><td>20</td></tr><tr><td>7</td><td>capital spending</td><td>$ 1572</td><td>$ 1280</td><td>$ 1241</td></tr></table> capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .\nQuestion: what portion of total capital expenditures is for the industrial packaging business segment in 2018?\nAnswer: 0.67494\nQuestion: what is the capital expenditures in the industrial packaging business segment in 2018?\nAnswer: 1061.0\nQuestion: what about in 2017?\nAnswer: 836.0\nQuestion: what is the net change?\nAnswer: 225.0\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "0.26914"
}
] |
CONVFINQA8427
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npricing the loans . when available , valuation assumptions included observable inputs based on whole loan sales . adjustments are made to these assumptions to account for situations when uncertainties exist , including market conditions and liquidity . credit risk is included as part of our valuation process for these loans by considering expected rates of return for market participants for similar loans in the marketplace . based on the significance of unobservable inputs , we classify this portfolio as level 3 . equity investments the valuation of direct and indirect private equity investments requires significant management judgment due to the absence of quoted market prices , inherent lack of liquidity and the long-term nature of such investments . the carrying values of direct and affiliated partnership interests reflect the expected exit price and are based on various techniques including publicly traded price , multiples of adjusted earnings of the entity , independent appraisals , anticipated financing and sale transactions with third parties , or the pricing used to value the entity in a recent financing transaction . in september 2009 , the fasb issued asu 2009-12 2013 fair value measurements and disclosures ( topic 820 ) 2013 investments in certain entities that calculate net asset value per share ( or its equivalent ) . based on the guidance , we value indirect investments in private equity funds based on net asset value as provided in the financial statements that we receive from their managers . due to the time lag in our receipt of the financial information and based on a review of investments and valuation techniques applied , adjustments to the manager-provided value are made when available recent portfolio company information or market information indicates a significant change in value from that provided by the manager of the fund . these investments are classified as level 3 . customer resale agreements we account for structured resale agreements , which are economically hedged using free-standing financial derivatives , at fair value . the fair value for structured resale agreements is determined using a model which includes observable market data such as interest rates as inputs . readily observable market inputs to this model can be validated to external sources , including yield curves , implied volatility or other market-related data . these instruments are classified as level 2 . blackrock series c preferred stock effective february 27 , 2009 , we elected to account for the approximately 2.9 million shares of the blackrock series c preferred stock received in a stock exchange with blackrock at fair value . the series c preferred stock economically hedges the blackrock ltip liability that is accounted for as a derivative . the fair value of the series c preferred stock is determined using a third-party modeling approach , which includes both observable and unobservable inputs . this approach considers expectations of a default/liquidation event and the use of liquidity discounts based on our inability to sell the security at a fair , open market price in a timely manner . due to the significance of unobservable inputs , this security is classified as level 3 . level 3 assets and liabilities financial instruments are considered level 3 when their values are determined using pricing models , discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable . level 3 assets and liabilities dollars in millions level 3 assets level 3 liabilities % ( % ) of total assets at fair value % ( % ) of total liabilities at fair value consolidated assets consolidated liabilities . <table class='wikitable'><tr><td>1</td><td>dollars in millions</td><td>total level 3 assets</td><td>total level 3 liabilities</td><td>% ( % ) of total assets at fair value</td><td>% ( % ) of total liabilities at fair value</td><td>% ( % ) of consolidated assets</td><td>% ( % ) of consolidated liabilities</td><td>-</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 14151</td><td>$ 295</td><td>22% ( 22 % )</td><td>6% ( 6 % )</td><td>5% ( 5 % )</td><td>< 1</td><td>% ( % )</td></tr><tr><td>3</td><td>december 31 2008</td><td>7012</td><td>22</td><td>19% ( 19 % )</td><td>< 1% ( 1 % )</td><td>2% ( 2 % )</td><td>< 1% ( 1 % )</td><td>-</td></tr></table> during 2009 , securities transferred into level 3 from level 2 exceeded securities transferred out by $ 4.4 billion . total securities measured at fair value and classified in level 3 at december 31 , 2009 and december 31 , 2008 included securities available for sale and trading securities consisting primarily of non-agency residential mortgage-backed securities and asset- backed securities where management determined that the volume and level of activity for these assets had significantly decreased . there have been no recent new 201cprivate label 201d issues in the residential mortgage-backed securities market . the lack of relevant market activity for these securities resulted in management modifying its valuation methodology for the instruments transferred in 2009 . other level 3 assets include certain commercial mortgage loans held for sale , certain equity securities , auction rate securities , corporate debt securities , private equity investments , residential mortgage servicing rights and other assets. .\nQuestion: what was the change in total level 3 assets from 2008 to 2009?\n"
},
{
"role": "agent",
"content": "7139.0"
}
] |
CONVFINQA3464
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table summarized the status of the company 2019s non-vested performance share unit awards and changes for the period indicated : weighted- average grant date performance share unit awards shares fair value . <table class='wikitable'><tr><td>1</td><td>performance share unit awards</td><td>year ended december 31 2015 shares</td><td>year ended december 31 2015 weighted- average grant date fair value</td></tr><tr><td>2</td><td>outstanding at january 1,</td><td>-</td><td>$ -</td></tr><tr><td>3</td><td>granted</td><td>10705</td><td>178.84</td></tr><tr><td>4</td><td>vested</td><td>-</td><td>-</td></tr><tr><td>5</td><td>forfeited</td><td>-</td><td>-</td></tr><tr><td>6</td><td>outstanding at december 31,</td><td>10705</td><td>178.84</td></tr></table> 19 . segment reporting the u.s . reinsurance operation writes property and casualty reinsurance and specialty lines of business , including marine , aviation , surety and accident and health ( 201ca&h 201d ) business , on both a treaty and facultative basis , through reinsurance brokers , as well as directly with ceding companies primarily within the u.s . the international operation writes non-u.s . property and casualty reinsurance through everest re 2019s branches in canada and singapore and through offices in brazil , miami and new jersey . the bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its bermuda office and reinsurance to the united kingdom and european markets through its uk branch and ireland re . the insurance operation writes property and casualty insurance directly and through general agents , brokers and surplus lines brokers within the u.s . and canada . the mt . logan re segment represents business written for the segregated accounts of mt . logan re , which were formed on july 1 , 2013 . the mt . logan re business represents a diversified set of catastrophe exposures , diversified by risk/peril and across different geographical regions globally . these segments , with the exception of mt . logan re , are managed independently , but conform with corporate guidelines with respect to pricing , risk management , control of aggregate catastrophe exposures , capital , investments and support operations . management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results . the mt . logan re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria . underwriting results include earned premium less losses and loss adjustment expenses ( 201clae 201d ) incurred , commission and brokerage expenses and other underwriting expenses . we measure our underwriting results using ratios , in particular loss , commission and brokerage and other underwriting expense ratios , which , respectively , divide incurred losses , commissions and brokerage and other underwriting expenses by premiums earned . mt . logan re 2019s business is sourced through operating subsidiaries of the company ; however , the activity is only reflected in the mt . logan re segment . for other inter-affiliate reinsurance , business is generally reported within the segment in which the business was first produced , consistent with how the business is managed . except for mt . logan re , the company does not maintain separate balance sheet data for its operating segments . accordingly , the company does not review and evaluate the financial results of its operating segments based upon balance sheet data. .\nQuestion: in the year of 2015, what was the number of granted shares of everest re?\nAnswer: 10705.0\nQuestion: and what was the weighted- average grant date fair value of these shares?\nAnswer: 178.84\nQuestion: what was, then, their full value?\n"
},
{
"role": "agent",
"content": "1914482.2"
}
] |
CONVFINQA113
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrisks related to our common stock our stock price is extremely volatile . the trading price of our common stock has been extremely volatile and may continue to be volatile in the future . many factors could have an impact on our stock price , including fluctuations in our or our competitors 2019 operating results , clinical trial results or adverse events associated with our products , product development by us or our competitors , changes in laws , including healthcare , tax or intellectual property laws , intellectual property developments , changes in reimbursement or drug pricing , the existence or outcome of litigation or government proceedings , including the sec/doj investigation , failure to resolve , delays in resolving or other developments with respect to the issues raised in the warning letter , acquisitions or other strategic transactions , and the perceptions of our investors that we are not performing or meeting expectations . the trading price of the common stock of many biopharmaceutical companies , including ours , has experienced extreme price and volume fluctuations , which have at times been unrelated to the operating performance of the companies whose stocks were affected . anti-takeover provisions in our charter and bylaws and under delaware law could make a third-party acquisition of us difficult and may frustrate any attempt to remove or replace our current management . our corporate charter and by-law provisions may discourage certain types of transactions involving an actual or potential change of control that might be beneficial to us or our stockholders . our bylaws provide that special meetings of our stockholders may be called only by the chairman of the board , the president , the secretary , or a majority of the board of directors , or upon the written request of stockholders who together own of record 25% ( 25 % ) of the outstanding stock of all classes entitled to vote at such meeting . our bylaws also specify that the authorized number of directors may be changed only by resolution of the board of directors . our charter does not include a provision for cumulative voting for directors , which may have enabled a minority stockholder holding a sufficient percentage of a class of shares to elect one or more directors . under our charter , our board of directors has the authority , without further action by stockholders , to designate up to 5 shares of preferred stock in one or more series . the rights of the holders of common stock will be subject to , and may be adversely affected by , the rights of the holders of any class or series of preferred stock that may be issued in the future . because we are a delaware corporation , the anti-takeover provisions of delaware law could make it more difficult for a third party to acquire control of us , even if the change in control would be beneficial to stockholders . we are subject to the provisions of section 203 of the delaware general laws , which prohibits a person who owns in excess of 15% ( 15 % ) of our outstanding voting stock from merging or combining with us for a period of three years after the date of the transaction in which the person acquired in excess of 15% ( 15 % ) of our outstanding voting stock , unless the merger or combination is approved in a prescribed manner . item 1b . unresolved staff comments . item 2 . properties . we conduct our primary operations at the owned and leased facilities described below . location operations conducted approximate square feet expiration new haven , connecticut corporate headquarters and executive , sales , research and development offices 514000 2030 dublin , ireland global supply chain , distribution , and administration offices 160000 owned . <table class='wikitable'><tr><td>1</td><td>location</td><td>operations conducted</td><td>approximatesquare feet</td><td>leaseexpirationdates</td></tr><tr><td>2</td><td>new haven connecticut</td><td>corporate headquarters and executive sales research and development offices</td><td>514000</td><td>2030</td></tr><tr><td>3</td><td>dublin ireland</td><td>global supply chain distribution and administration offices</td><td>160000</td><td>owned</td></tr><tr><td>4</td><td>athlone ireland</td><td>commercial research and development manufacturing</td><td>80000</td><td>owned</td></tr><tr><td>5</td><td>lexington massachusetts</td><td>research and development offices</td><td>81000</td><td>2019</td></tr><tr><td>6</td><td>bogart georgia</td><td>commercial research and development manufacturing</td><td>70000</td><td>owned</td></tr><tr><td>7</td><td>smithfield rhode island</td><td>commercial research and development manufacturing</td><td>67000</td><td>owned</td></tr><tr><td>8</td><td>zurich switzerland</td><td>regional executive and sales offices</td><td>69000</td><td>2025</td></tr></table> we believe that our administrative office space is adequate to meet our needs for the foreseeable future . we also believe that our research and development facilities and our manufacturing facilities , together with third party manufacturing facilities , will be adequate for our on-going activities . in addition to the locations above , we also lease space in other u.s . locations and in foreign countries to support our operations as a global organization. .\nQuestion: what is the square feet of the owned global supply chain distribution and administration offices?\n"
},
{
"role": "agent",
"content": "160000.0"
}
] |
CONVFINQA3947
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naverage age ( yrs. ) highway revenue equipment owned leased total . <table class='wikitable'><tr><td>1</td><td>highway revenue equipment</td><td>owned</td><td>leased</td><td>total</td><td>averageage ( yrs. )</td></tr><tr><td>2</td><td>containers</td><td>26629</td><td>28306</td><td>54935</td><td>7.1</td></tr><tr><td>3</td><td>chassis</td><td>15182</td><td>25951</td><td>41133</td><td>8.9</td></tr><tr><td>4</td><td>total highway revenue equipment</td><td>41811</td><td>54257</td><td>96068</td><td>n/a</td></tr></table> capital expenditures our rail network requires significant annual capital investments for replacement , improvement , and expansion . these investments enhance safety , support the transportation needs of our customers , and improve our operational efficiency . additionally , we add new locomotives and freight cars to our fleet to replace older , less efficient equipment , to support growth and customer demand , and to reduce our impact on the environment through the acquisition of more fuel-efficient and low-emission locomotives . 2014 capital program 2013 during 2014 , our capital program totaled $ 4.1 billion . ( see the cash capital expenditures table in management 2019s discussion and analysis of financial condition and results of operations 2013 liquidity and capital resources 2013 financial condition , item 7. ) 2015 capital plan 2013 in 2015 , we expect our capital plan to be approximately $ 4.3 billion , which will include expenditures for ptc of approximately $ 450 million and may include non-cash investments . we may revise our 2015 capital plan if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see discussion of our 2015 capital plan in management 2019s discussion and analysis of financial condition and results of operations 2013 2015 outlook , item 7. ) equipment encumbrances 2013 equipment with a carrying value of approximately $ 2.8 billion and $ 2.9 billion at december 31 , 2014 , and 2013 , respectively served as collateral for capital leases and other types of equipment obligations in accordance with the secured financing arrangements utilized to acquire or refinance such railroad equipment . as a result of the merger of missouri pacific railroad company ( mprr ) with and into uprr on january 1 , 1997 , and pursuant to the underlying indentures for the mprr mortgage bonds , uprr must maintain the same value of assets after the merger in order to comply with the security requirements of the mortgage bonds . as of the merger date , the value of the mprr assets that secured the mortgage bonds was approximately $ 6.0 billion . in accordance with the terms of the indentures , this collateral value must be maintained during the entire term of the mortgage bonds irrespective of the outstanding balance of such bonds . environmental matters 2013 certain of our properties are subject to federal , state , and local laws and regulations governing the protection of the environment . ( see discussion of environmental issues in business 2013 governmental and environmental regulation , item 1 , and management 2019s discussion and analysis of financial condition and results of operations 2013 critical accounting policies 2013 environmental , item 7. ) item 3 . legal proceedings from time to time , we are involved in legal proceedings , claims , and litigation that occur in connection with our business . we routinely assess our liabilities and contingencies in connection with these matters based upon the latest available information and , when necessary , we seek input from our third-party advisors when making these assessments . consistent with sec rules and requirements , we describe below material pending legal proceedings ( other than ordinary routine litigation incidental to our business ) , material proceedings known to be contemplated by governmental authorities , other proceedings arising under federal , state , or local environmental laws and regulations ( including governmental proceedings involving potential fines , penalties , or other monetary sanctions in excess of $ 100000 ) , and such other pending matters that we may determine to be appropriate. .\nQuestion: what was the total 2015 capital plan, in billions?\nAnswer: 4.3\nQuestion: and how much is that in millions?\nAnswer: 4300.0\nQuestion: and what portion of this plan is for ptc expenditures?\n"
},
{
"role": "agent",
"content": "0.10465"
}
] |
CONVFINQA8772
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits . concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas . we provide services to commercial , industrial , municipal and residential customers in the united states and puerto rico . we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables . we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information . accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal and other services . our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash . the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value . provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions . we also review outstanding balances on an account-specific basis . in general , reserves are provided for accounts receivable in excess of 90 days outstanding . past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due . the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 38.3</td><td>$ 45.3</td><td>$ 48.1</td></tr><tr><td>3</td><td>additions charged to expense</td><td>22.6</td><td>16.1</td><td>29.7</td></tr><tr><td>4</td><td>accounts written-off</td><td>-22.0 ( 22.0 )</td><td>-23.1 ( 23.1 )</td><td>-32.5 ( 32.5 )</td></tr><tr><td>5</td><td>balance at end of year</td><td>$ 38.9</td><td>$ 38.3</td><td>$ 45.3</td></tr></table> restricted cash and marketable securities as of december 31 , 2014 , we had $ 115.6 million of restricted cash and marketable securities . we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers . the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance . as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets . in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance . at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts . property and equipment we record property and equipment at cost . expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred . when property is retired or otherwise disposed , the related cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in the consolidated statements of income. .\nQuestion: what was the beginning balance for the allowance for doubtful accounts in 2014?\n"
},
{
"role": "agent",
"content": "38.3"
}
] |
CONVFINQA8598
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbusiness subsequent to the acquisition . the liabilities for these payments are classified as level 3 liabilities because the related fair value measurement , which is determined using an income approach , includes significant inputs not observable in the market . financial assets and liabilities not measured at fair value our debt is reflected on the consolidated balance sheets at cost . based on market conditions as of december 31 , 2018 and 2017 , the fair value of our credit agreement borrowings reasonably approximated the carrying values of $ 1.7 billion and $ 2.0 billion , respectively . in addition , based on market conditions , the fair values of the outstanding borrowings under the receivables facility reasonably approximated the carrying values of $ 110 million and $ 100 million at december 31 , 2018 and december 31 , 2017 , respectively . as of december 31 , 2018 and december 31 , 2017 , the fair values of the u.s . notes ( 2023 ) were approximately $ 574 million and $ 615 million , respectively , compared to a carrying value of $ 600 million at each date . as of december 31 , 2018 and december 31 , 2017 , the fair values of the euro notes ( 2024 ) were approximately $ 586 million and $ 658 million compared to carrying values of $ 573 million and $ 600 million , respectively . as of december 31 , 2018 , the fair value of the euro notes ( 2026/28 ) approximated the carrying value of $ 1.1 billion . the fair value measurements of the borrowings under our credit agreement and receivables facility are classified as level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market , including interest rates on recent financing transactions with similar terms and maturities . we estimated the fair value by calculating the upfront cash payment a market participant would require at december 31 , 2018 to assume these obligations . the fair value of our u.s . notes ( 2023 ) is classified as level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market . the fair values of our euro notes ( 2024 ) and euro notes ( 2026/28 ) are determined based upon observable market inputs including quoted market prices in markets that are not active , and therefore are classified as level 2 within the fair value hierarchy . note 13 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2018 are as follows ( in thousands ) : years ending december 31: . <table class='wikitable'><tr><td>1</td><td>2019</td><td>$ 294269</td></tr><tr><td>2</td><td>2020</td><td>256172</td></tr><tr><td>3</td><td>2021</td><td>210632</td></tr><tr><td>4</td><td>2022</td><td>158763</td></tr><tr><td>5</td><td>2023</td><td>131518</td></tr><tr><td>6</td><td>thereafter</td><td>777165</td></tr><tr><td>7</td><td>future minimum lease payments</td><td>$ 1828519</td></tr></table> rental expense for operating leases was approximately $ 300 million , $ 247 million , and $ 212 million during the years ended december 31 , 2018 , 2017 and 2016 , respectively . we guarantee the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guarantees at december 31 , 2018 , our portion of the guaranteed residual value would have totaled approximately $ 76 million . we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value . litigation and related contingencies we have certain contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business . we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows. .\nQuestion: what was the total of rental expenses in 2017?\nAnswer: 247.0\nQuestion: and what was it in 2016?\nAnswer: 212.0\nQuestion: what was, then, the change over the year?\nAnswer: 35.0\nQuestion: and what is this change as a percentage of the 2016 total?\nAnswer: 0.16509\nQuestion: and in the subsequent year, what was the change in that total?\n"
},
{
"role": "agent",
"content": "53.0"
}
] |
CONVFINQA3867
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 total of advertising costs in 2015?\n"
},
{
"role": "agent",
"content": "324.0"
}
] |
CONVFINQA362
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nall highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash equivalents . securities with maturities greater than three months are classified as available-for-sale and are considered to be short-term investments . the carrying value of our interest-bearing instruments approximated fair value as of december 29 , 2012 . interest rates under our revolving credit facility are variable , so interest expense for periods when the credit facility is utilized could be adversely affected by changes in interest rates . interest rates under our revolving credit facility can fluctuate based on changes in market interest rates and in an interest rate margin that varies based on our consolidated leverage ratio . as of december 29 , 2012 , we had no outstanding balance on the credit facility . see note 3 in the notes to consolidated financial statements for an additional description of our credit facility . equity price risk convertible notes our 2015 notes and 2013 notes include conversion and settlement provisions that are based on the price of our common stock at conversion or at maturity of the notes . in addition , the hedges and warrants associated with these convertible notes also include settlement provisions that are based on the price of our common stock . the amount of cash we may be required to pay , or the number of shares we may be required to provide to note holders at conversion or maturity of these notes , is determined by the price of our common stock . the amount of cash or number of shares that we may receive from hedge counterparties in connection with the related hedges and the number of shares that we may be required to provide warrant counterparties in connection with the related warrants are also determined by the price of our common stock . upon the expiration of our 2015 warrants , cadence will issue shares of common stock to the purchasers of the warrants to the extent our stock price exceeds the warrant strike price of $ 10.78 at that time . the following table shows the number of shares that cadence would issue to 2015 warrant counterparties at expiration of the warrants , assuming various cadence closing stock prices on the dates of warrant expiration : shares ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( in millions )</td></tr><tr><td>2</td><td>$ 11.00</td><td>0.9</td></tr><tr><td>3</td><td>$ 12.00</td><td>4.7</td></tr><tr><td>4</td><td>$ 13.00</td><td>7.9</td></tr><tr><td>5</td><td>$ 14.00</td><td>10.7</td></tr><tr><td>6</td><td>$ 15.00</td><td>13.0</td></tr><tr><td>7</td><td>$ 16.00</td><td>15.1</td></tr><tr><td>8</td><td>$ 17.00</td><td>17.0</td></tr><tr><td>9</td><td>$ 18.00</td><td>18.6</td></tr><tr><td>10</td><td>$ 19.00</td><td>20.1</td></tr><tr><td>11</td><td>$ 20.00</td><td>21.4</td></tr></table> prior to the expiration of the 2015 warrants , for purposes of calculating diluted earnings per share , our diluted weighted-average shares outstanding will increase when our average closing stock price for a quarter exceeds $ 10.78 . for an additional description of our 2015 notes and 2013 notes , see note 3 in the notes to consolidated financial statements and 201cliquidity and capital resources 2014 other factors affecting liquidity and capital resources , 201d under item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations . 201d .\nQuestion: what was the number of shares if the closing price is $20?\nAnswer: 21.4\nQuestion: and if the closing price is $11?\nAnswer: 0.9\nQuestion: so what is the difference in shares to be issued in these two scenarios?\n"
},
{
"role": "agent",
"content": "20.5"
}
] |
CONVFINQA1004
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nas a result of the transaction , we recognized a net gain of approximately $ 1.3 billion , including $ 1.2 billion recognized in 2016 . the net gain represents the $ 2.5 billion fair value of the shares of lockheed martin common stock exchanged and retired as part of the exchange offer , plus the $ 1.8 billion one-time special cash payment , less the net book value of the is&gs business of about $ 3.0 billion at august 16 , 2016 and other adjustments of about $ 100 million . in 2017 , we recognized an additional gain of $ 73 million , which reflects certain post-closing adjustments , including certain tax adjustments and the final determination of net working capital . we classified the operating results of our former is&gs business as discontinued operations in our consolidated financial statements in accordance with u.s . gaap , as the divestiture of this business represented a strategic shift that had a major effect on our operations and financial results . however , the cash flows generated by the is&gs business have not been reclassified in our consolidated statements of cash flows as we retained this cash as part of the transaction . the operating results , prior to the august 16 , 2016 divestiture date , of the is&gs business that have been reflected within net earnings from discontinued operations for the year ended december 31 , 2016 are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>net sales</td><td>$ 3410</td></tr><tr><td>2</td><td>cost of sales</td><td>-2953 ( 2953 )</td></tr><tr><td>3</td><td>severance charges</td><td>-19 ( 19 )</td></tr><tr><td>4</td><td>gross profit</td><td>438</td></tr><tr><td>5</td><td>other income net</td><td>16</td></tr><tr><td>6</td><td>operating profit</td><td>454</td></tr><tr><td>7</td><td>earnings from discontinued operations before income taxes</td><td>454</td></tr><tr><td>8</td><td>income tax expense</td><td>-147 ( 147 )</td></tr><tr><td>9</td><td>net gain on divestiture of discontinued operations</td><td>1205</td></tr><tr><td>10</td><td>net earnings from discontinued operations</td><td>$ 1512</td></tr></table> the operating results of the is&gs business reported as discontinued operations are different than the results previously reported for the is&gs business segment . results reported within net earnings from discontinued operations only include costs that were directly attributable to the is&gs business and exclude certain corporate overhead costs that were previously allocated to the is&gs business . as a result , we reclassified $ 82 million in 2016 of corporate overhead costs from the is&gs business to other unallocated , net on our consolidated statement of earnings . additionally , we retained all assets and obligations related to the pension benefits earned by former is&gs business salaried employees through the date of divestiture . therefore , the non-service portion of net pension costs ( e.g. , interest cost , actuarial gains and losses and expected return on plan assets ) for these plans have been reclassified from the operating results of the is&gs business segment and reported as a reduction to the fas/cas pension adjustment . these net pension costs were $ 54 million for the year ended december 31 , 2016 . the service portion of net pension costs related to is&gs business 2019s salaried employees that transferred to leidos were included in the operating results of the is&gs business classified as discontinued operations because such costs are no longer incurred by us . significant severance charges related to the is&gs business were historically recorded at the lockheed martin corporate office . these charges have been reclassified into the operating results of the is&gs business , classified as discontinued operations , and excluded from the operating results of our continuing operations . the amount of severance charges reclassified were $ 19 million in 2016 . financial information related to cash flows generated by the is&gs business , such as depreciation and amortization , capital expenditures , and other non-cash items , included in our consolidated statement of cash flows for the years ended december 31 , 2016 were not significant. .\nQuestion: what is the operating profit margin in 2016?\nAnswer: 0.13314\nQuestion: what is the operating profit in 2016?\nAnswer: 454.0\nQuestion: what about the total net sales?\n"
},
{
"role": "agent",
"content": "3410.0"
}
] |
CONVFINQA10147
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsystem energy resources , inc . management's financial discussion and analysis with syndicated bank letters of credit . in december 2004 , system energy amended these letters of credit and they now expire in may 2009 . system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million . see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits . system energy has also obtained an order from the ferc authorizing long-term securities issuances . the current long- term authorization extends through june 2009 . system energy's receivables from the money pool were as follows as of december 31 for each of the following years: . <table class='wikitable'><tr><td>1</td><td>2008</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 42915</td><td>$ 53620</td><td>$ 88231</td><td>$ 277287</td></tr></table> in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans . see note 4 to the financial statements for a description of the money pool . nuclear matters system energy owns and operates grand gulf . system energy is , therefore , subject to the risks related to owning and operating a nuclear plant . these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts . in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning . environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters . management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations . because environmental regulations are subject to change , future compliance costs cannot be precisely estimated . critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .\nQuestion: in 2007, what amount of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans?\nAnswer: 22.5\nQuestion: and how much is that in thousands of dollars?\nAnswer: 22500.0\nQuestion: how much, then, does this amount in thousands represent in relation to the total system energy's receivable from the money pool, in percentage?\n"
},
{
"role": "agent",
"content": "0.41962"
}
] |
CONVFINQA10331
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncondition are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table provides the weighted average assumptions used in the monte carlo simulation and the weighted average grant date fair values of psus granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>expected volatility</td><td>17.23% ( 17.23 % )</td><td>17.40% ( 17.40 % )</td><td>15.90% ( 15.90 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>2.36% ( 2.36 % )</td><td>1.53% ( 1.53 % )</td><td>0.91% ( 0.91 % )</td></tr><tr><td>4</td><td>expected life ( years )</td><td>3.0</td><td>3.0</td><td>3.0</td></tr><tr><td>5</td><td>grant date fair value per share</td><td>$ 73.62</td><td>$ 72.81</td><td>$ 77.16</td></tr></table> the grant date fair value of psus that vest ratably and have market and/or performance conditions are amortized through expense over the requisite service period using the graded-vesting method . if dividends are paid with respect to shares of the company 2019s common stock before the rsus and psus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus and psus were shares of company common stock . when the rsus and psus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued . the company accrued dividend equivalents totaling $ 1 million , less than $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in shareholders 2019 equity for the years ended december 31 , 2018 , 2017 and 2016 , respectively . employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at a discount . prior to february 5 , 2019 , the purchase price of common stock acquired under the espp was the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three -month purchase period . on july 27 , 2018 , the espp was amended , effective february 5 , 2019 , to permit employee participants to acquire company common stock at 85% ( 85 % ) of the fair market value of the common stock at the end of the purchase period . as of december 31 , 2018 , there were 1.9 million shares of common stock reserved for issuance under the espp . the espp is considered compensatory . during the years ended december 31 , 2018 , 2017 and 2016 , the company issued 95 thousand , 93 thousand and 93 thousand shares , respectively , under the espp. .\nQuestion: in 2018, what was the total purchase price of the common stock acquired under the espp?\nAnswer: 66.258\nQuestion: and between that year and the previous one, what was the variation in the grant date fair value per share?\nAnswer: 0.81\nQuestion: what was that fair value in 2017?\n"
},
{
"role": "agent",
"content": "72.81"
}
] |
CONVFINQA882
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbanking ) . the results of the first step of the impairment test showed no indication of impairment in any of the reporting units at any of the periods except december 31 , 2008 and , accordingly , the company did not perform the second step of the impairment test , except for the test performed as of december 31 , 2008 . as of december 31 , 2008 , there was an indication of impairment in the north america consumer banking , latin america consumer banking and emea consumer banking reporting units and , accordingly , the second step of testing was performed on these reporting units . based on the results of the second step of testing , the company recorded a $ 9.6 billion pretax ( $ 8.7 billion after tax ) goodwill impairment charge in the fourth quarter of 2008 , representing the entire amount of goodwill allocated to these reporting units . the primary cause for the goodwill impairment in the above reporting units was the rapid deterioration in the financial markets , as well as in the global economic outlook particularly during the period beginning mid-november through year end 2008 . this deterioration further weakened the near-term prospects for the financial services industry . these and other factors , including the increased possibility of further government intervention , also resulted in the decline in the company 2019s market capitalization from approximately $ 90 billion at july 1 , 2008 and approximately $ 74 billion at october 31 , 2008 to approximately $ 36 billion at december 31 , 2008 . the more significant fair-value adjustments in the pro forma purchase price allocation in the second step of testing were to fair-value loans and debt and were made to identify and value identifiable intangibles . the adjustments to measure the assets , liabilities and intangibles were for the purpose of measuring the implied fair value of goodwill and such adjustments are not reflected in the consolidated balance sheet . the following table shows reporting units with goodwill balances and the excess of fair value of allocated book value as of december 31 , 2008 . reporting unit ( $ in millions ) fair value as a % ( % ) of allocated book value goodwill ( post-impairment ) . <table class='wikitable'><tr><td>1</td><td>reporting unit ( $ inmillions )</td><td>fair value as a % ( % ) of allocated book value</td><td>goodwill ( post-impairment )</td></tr><tr><td>2</td><td>north america cards</td><td>139% ( 139 % )</td><td>6765</td></tr><tr><td>3</td><td>international cards</td><td>218% ( 218 % )</td><td>4066</td></tr><tr><td>4</td><td>asia consumer banking</td><td>293% ( 293 % )</td><td>3106</td></tr><tr><td>5</td><td>securities & banking</td><td>109% ( 109 % )</td><td>9774</td></tr><tr><td>6</td><td>global transaction services</td><td>994% ( 994 % )</td><td>1570</td></tr><tr><td>7</td><td>north america gwm</td><td>386% ( 386 % )</td><td>1259</td></tr><tr><td>8</td><td>international gwm</td><td>171% ( 171 % )</td><td>592</td></tr></table> while no impairment was noted in step one of our securities and banking reporting unit impairment test at october 31 , 2008 and december 31 , 2008 , goodwill present in that reporting unit may be particularly sensitive to further deterioration in economic conditions . under the market approach for valuing this reporting unit , the earnings multiples and transaction multiples were selected from multiples obtained using data from guideline companies and acquisitions . the selection of the actual multiple considers operating performance and financial condition such as return on equity and net income growth of securities and banking as compared to the guideline companies and acquisitions . for the valuation under the income approach , the company utilized a discount rate which it believes reflects the risk and uncertainty related to the projected cash flows , and selected 2013 as the terminal year . in 2013 , the value was derived assuming a return to historical levels of core-business profitability for the reporting unit , despite the significant losses experienced in 2008 . this assumption is based on management 2019s view that this recovery will occur based upon various macro- economic factors such as the recent u.s . government stimulus actions , restoring marketplace confidence and improved risk-management practices on an industry-wide basis . furthermore , company-specific actions such as its recently announced realignment of its businesses to optimize its global businesses for future profitable growth , will also be a factor in returning the company 2019s core securities and banking business to historical levels . small deterioration in the assumptions used in the valuations , in particular the discount rate and growth rate assumptions used in the net income projections , could significantly affect the company 2019s impairment evaluation and , hence , results . if the future were to differ adversely from management 2019s best estimate of key economic assumptions and associated cash flows were to decrease by a small margin , the company could potentially experience future material impairment charges with respect to the goodwill remaining in our securities and banking reporting unit . any such charges by themselves would not negatively affect the company 2019s tier 1 and total regulatory capital ratios , tangible capital or the company 2019s liquidity position. .\nQuestion: what was the goodwill impairment charge in the fourth quarter of 2008?\n"
},
{
"role": "agent",
"content": "9.6"
}
] |
CONVFINQA2393
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naffected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 . net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 . net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent . net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent . net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware . net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows . net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products . our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively . the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives . 2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs . selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 . selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs . selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs . the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>operating profit as reported</td><td>$ 1169</td><td>$ 1053</td><td>$ 914</td></tr><tr><td>3</td><td>rationalization charges</td><td>4</td><td>22</td><td>18</td></tr><tr><td>4</td><td>gain from sale of property and equipment</td><td>2014</td><td>2014</td><td>-5 ( 5 )</td></tr><tr><td>5</td><td>operating profit as adjusted</td><td>$ 1173</td><td>$ 1075</td><td>$ 927</td></tr><tr><td>6</td><td>operating profit margins as reported</td><td>15.3% ( 15.3 % )</td><td>14.3% ( 14.3 % )</td><td>12.8% ( 12.8 % )</td></tr><tr><td>7</td><td>operating profit margins as adjusted</td><td>15.3% ( 15.3 % )</td><td>14.6% ( 14.6 % )</td><td>13.0% ( 13.0 % )</td></tr></table> operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs . operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count . operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs . .......................................................... . .................................................................. . ..................................... . ........................................................ . ............................................ . ............................................. .\nQuestion: what were gross profit margins in 2017?\nAnswer: 34.2\nQuestion: and in 2016?\nAnswer: 33.4\nQuestion: so what was the difference between these two values?\n"
},
{
"role": "agent",
"content": "0.8"
}
] |
CONVFINQA4724
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 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 $ 61.6 million and $ 27.8 million as of december 31 , 2013 and 2012 , respectively . as of december 31 , 2013 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which 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>2014</td><td>$ 51637</td></tr><tr><td>3</td><td>2015</td><td>52253</td></tr><tr><td>4</td><td>2016</td><td>13750</td></tr><tr><td>5</td><td>2017</td><td>13750</td></tr><tr><td>6</td><td>2018</td><td>13750</td></tr><tr><td>7</td><td>years thereafter</td><td>247500</td></tr><tr><td>8</td><td>total</td><td>392640</td></tr><tr><td>9</td><td>less : amount representing interest</td><td>295226</td></tr><tr><td>10</td><td>present value of net minimum lease payments</td><td>$ 97414</td></tr></table> .\nQuestion: what were the future minimum lease payments in 2016?\n"
},
{
"role": "agent",
"content": "52253.0"
}
] |
CONVFINQA9402
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmarathon oil corporation notes to consolidated financial statements ( f ) this sale-leaseback financing arrangement relates to a lease of a slab caster at united states steel 2019s fairfield works facility in alabama . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 , subject to additional extensions . ( g ) this obligation relates to a lease of equipment at united states steel 2019s clairton works cokemaking facility in pennsylvania . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 . ( h ) marathon oil canada corporation had an 805 million canadian dollar revolving term credit facility which was secured by substantially all of marathon oil canada corporation 2019s assets and included certain financial covenants , including leverage and interest coverage ratios . in february 2008 , the outstanding balance was repaid and the facility was terminated . ( i ) these notes are senior secured notes of marathon oil canada corporation . the notes were secured by substantially all of marathon oil canada corporation 2019s assets . in january 2008 , we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes . ( j ) these obligations as of december 31 , 2008 include $ 126 million related to assets under construction at that date for which capital leases or sale-leaseback financings will commence upon completion of construction . the amounts currently reported are based upon the percent of construction completed as of december 31 , 2008 and therefore do not reflect future minimum lease obligations of $ 209 million . ( k ) payments of long-term debt for the years 2009 2013 2013 are $ 99 million , $ 98 million , $ 257 million , $ 1487 million and $ 279 million . of these amounts , payments assumed by united states steel are $ 15 million , $ 17 million , $ 161 million , $ 19 million and zero . ( l ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 669 million at december 31 , 2008 , may be declared immediately due and payable . ( m ) see note 17 for information on interest rate swaps . on february 17 , 2009 , we issued $ 700 million aggregate principal amount of senior notes bearing interest at 6.5 percent with a maturity date of february 15 , 2014 and $ 800 million aggregate principal amount of senior notes bearing interest at 7.5 percent with a maturity date of february 15 , 2019 . interest on both issues is payable semi- annually beginning august 15 , 2009 . 21 . asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>asset retirement obligations as of january 1</td><td>$ 1134</td><td>$ 1044</td></tr><tr><td>3</td><td>liabilities incurred including acquisitions</td><td>30</td><td>60</td></tr><tr><td>4</td><td>liabilities settled</td><td>-94 ( 94 )</td><td>-10 ( 10 )</td></tr><tr><td>5</td><td>accretion expense ( included in depreciation depletion and amortization )</td><td>66</td><td>61</td></tr><tr><td>6</td><td>revisions to previous estimates</td><td>24</td><td>-17 ( 17 )</td></tr><tr><td>7</td><td>held for sale ( a )</td><td>-195 ( 195 )</td><td>2013</td></tr><tr><td>8</td><td>deconsolidation of egholdings</td><td>2013</td><td>-4 ( 4 )</td></tr><tr><td>9</td><td>asset retirement obligations as of december 31 ( b )</td><td>$ 965</td><td>$ 1134</td></tr></table> asset retirement obligations as of december 31 ( b ) $ 965 $ 1134 ( a ) see note 7 for information related to our assets held for sale . ( b ) includes asset retirement obligation of $ 2 and $ 3 million classified as short-term at december 31 , 2008 , and 2007. .\nQuestion: what was the value of the asset retirement obligations at the end of 2007?\nAnswer: 1134.0\nQuestion: what was the value of the asset retirement obligations at the start of 2007?\nAnswer: 1044.0\nQuestion: what was the net change during the year?\n"
},
{
"role": "agent",
"content": "90.0"
}
] |
CONVFINQA10606
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt . ( d ) see note 10 to the financial statements for further discussion of the waterford 3 lease obligation and entergy louisiana 2019s acquisition of the equity participant 2019s beneficial interest in the waterford 3 leased assets and for further discussion of the grand gulf lease obligation . ( e ) this note does not have a stated interest rate , but has an implicit interest rate of 7.458% ( 7.458 % ) . ( f ) the fair value excludes lease obligations of $ 57 million at entergy louisiana and $ 34 million at system energy , and long-term doe obligations of $ 182 million at entergy arkansas , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2016 , for the next five years are as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>2017</td><td>$ 307403</td></tr><tr><td>3</td><td>2018</td><td>$ 828084</td></tr><tr><td>4</td><td>2019</td><td>$ 724899</td></tr><tr><td>5</td><td>2020</td><td>$ 795000</td></tr><tr><td>6</td><td>2021</td><td>$ 1674548</td></tr></table> in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date . in october 2015 , entergy announced a planned shutdown of fitzpatrick at the end of its fuel cycle . as a result of the announcement , entergy reduced this liability by $ 26.4 million pursuant to the terms of the purchase agreement . in august 2016 , entergy entered into a trust transfer agreement with nypa to transfer the decommissioning trust funds and decommissioning liabilities for the indian point 3 and fitzpatrick plants to entergy . as part of the trust transfer agreement , the original decommissioning agreements were amended , and the entergy subsidiaries 2019 obligation to make additional license extension payments to nypa was eliminated . in the third quarter 2016 , entergy removed the note payable of $ 35.1 million from the consolidated balance sheet . entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 . entergy new orleans has obtained long-term financing authorization from the city council that extends through june 2018 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; .\nQuestion: what is the sum of long term debt due in 2017 and 2018?\n"
},
{
"role": "agent",
"content": "1135487.0"
}
] |
CONVFINQA541
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nkorea engineering plastics co. , ltd . founded in 1987 , kepco is the leading producer of pom in south korea . kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc . ( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) . kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc . in a world-scale pom facility in nantong , china . polyplastics co. , ltd . polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) . established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china . fortron industries llc . fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . established in 1992 , fortron is a limited liability company whose members are ticona fortron inc . ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd . of japan ) . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha . china acetate strategic ventures . we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china . these include the nantong cellulose fibers co . ltd. , kunming cellulose fibers co . ltd . and zhuhai cellulose fibers co . ltd . the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures . with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook . combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers . in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 . since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends . our chinese acetate ventures fund their operations using operating cash flow . during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 . in 2010 , we made contributions of $ 12 million . our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year . in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively . although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants . the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . <table class='wikitable'><tr><td>1</td><td>-</td><td>ownership % ( % )</td></tr><tr><td>2</td><td>infraserv gmbh & co . gendorf kg</td><td>39</td></tr><tr><td>3</td><td>infraserv gmbh & co . knapsack kg</td><td>27</td></tr><tr><td>4</td><td>infraserv gmbh & co . hoechst kg</td><td>32</td></tr></table> .\nQuestion: what is the difference in the value of cash dividends received between 2010 and 2009?\n"
},
{
"role": "agent",
"content": "15.0"
}
] |
CONVFINQA3119
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nedwards lifesciences corporation notes to consolidated financial statements ( continued ) 2 . summary of significant accounting policies ( continued ) in may 2014 , the fasb issued an update to the accounting guidance on revenue recognition . the new guidance provides a comprehensive , principles-based approach to revenue recognition , and supersedes most previous revenue recognition guidance . the core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services . the guidance also requires improved disclosures on the nature , amount , timing , and uncertainty of revenue that is recognized . in august 2015 , the fasb issued an update to the guidance to defer the effective date by one year , such that the new standard will be effective for annual reporting periods beginning after december 15 , 2017 and interim periods therein . the new guidance can be applied retrospectively to each prior reporting period presented , or retrospectively with the cumulative effect of the change recognized at the date of the initial application . the company is assessing all of the potential impacts of the revenue recognition guidance and has not yet selected an adoption method . the company will adopt the new guidance effective january 1 , although the company has not yet completed its assessment of the new revenue recognition guidance , the company 2019s analysis of contracts related to the sale of its heart valve therapy products under the new revenue recognition guidance supports the recognition of revenue at a point-in-time , which is consistent with its current revenue recognition model . heart valve therapy sales accounted for approximately 80% ( 80 % ) of the company 2019s sales for the year ended december 31 , 2016 . the company is currently assessing the potential impact of the guidance on contracts related to the sale of its critical care products , specifically sales outside of the united states . 3 . intellectual property litigation expenses ( income ) , net in may 2014 , the company entered into an agreement with medtronic , inc . and its affiliates ( 2018 2018medtronic 2019 2019 ) to settle all outstanding patent litigation between the companies , including all cases related to transcatheter heart valves . pursuant to the agreement , all pending cases or appeals in courts and patent offices worldwide have been dismissed , and the parties will not litigate patent disputes with each other in the field of transcatheter valves for the eight-year term of the agreement . under the terms of a patent cross-license that is part of the agreement , medtronic made a one-time , upfront payment to the company for past damages in the amount of $ 750.0 million . in addition , medtronic will pay the company quarterly license royalty payments through april 2022 . for sales in the united states , subject to certain conditions , the royalty payments will be based on a percentage of medtronic 2019s sales of transcatheter aortic valves , with a minimum annual payment of $ 40.0 million and a maximum annual payment of $ 60.0 million . a separate royalty payment will be calculated based on sales of medtronic transcatheter aortic valves manufactured in the united states but sold elsewhere . the company accounted for the settlement agreement as a multiple-element arrangement and allocated the total consideration to the identifiable elements based upon their relative fair value . the consideration assigned to each element was as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>past damages</td><td>$ 754.3</td></tr><tr><td>2</td><td>license agreement</td><td>238.0</td></tr><tr><td>3</td><td>covenant not to sue</td><td>77.7</td></tr><tr><td>4</td><td>total</td><td>$ 1070.0</td></tr></table> .\nQuestion: what percentage did past damages represent in relation to the total settlement?\nAnswer: 0.70495\nQuestion: and what percentage did license agreements?\n"
},
{
"role": "agent",
"content": "0.22243"
}
] |
CONVFINQA5046
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nother expense , net : the company's other expense consists of the following: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2013</td><td>year ended december 31 , 2012</td></tr><tr><td>2</td><td>foreign currency losses net</td><td>$ -1115 ( 1115 )</td><td>$ -1401 ( 1401 )</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>69</td><td>-4 ( 4 )</td></tr><tr><td>4</td><td>total other expense net</td><td>$ -1046 ( 1046 )</td><td>$ -1405 ( 1405 )</td></tr></table> income tax provision : the company recorded income tax expense of $ 77.2 million and had income before income taxes of $ 322.5 million for the year ended december 31 , 2013 , representing an effective tax rate of 23.9% ( 23.9 % ) . during the year ended december 31 , 2012 , the company recorded income tax expense of $ 90.1 million and had income before income taxes of $ 293.5 million , representing an effective tax rate of 30.7% ( 30.7 % ) . in december 2013 , the company received notice from the irs that the joint committee on taxation took no exception to the company's tax returns that were filed for 2009 and 2010 . an $ 11.0 million tax benefit was recognized in the company's 2013 financial results as the company had effectively settled uncertainty regarding the realization of refund claims filed in connection with the 2009 and 2010 returns . in the u.s. , which is the largest jurisdiction where the company receives such a tax credit , the availability of the research and development credit expired at the end of the 2011 tax year . in january 2013 , the u.s . congress passed legislation that reinstated the research and development credit retroactive to 2012 . the income tax provision for the year ended december 31 , 2013 includes approximately $ 2.3 million related to the reinstated research and development credit for 2012 activity . the decrease in the effective tax rate from the prior year is primarily due to the release of an uncertain tax position mentioned above , the reinstatement of the u.s . research and development credit mentioned above , and cash repatriation activities . when compared to the federal and state combined statutory rate , the effective tax rates for the years ended december 31 , 2013 and 2012 were favorably impacted by lower statutory tax rates in many of the company 2019s foreign jurisdictions , the domestic manufacturing deduction and tax benefits associated with the merger of the company 2019s japan subsidiaries in 2010 . net income : the company 2019s net income for the year ended december 31 , 2013 was $ 245.3 million as compared to net income of $ 203.5 million for the year ended december 31 , 2012 . diluted earnings per share was $ 2.58 for the year ended december 31 , 2013 and $ 2.14 for the year ended december 31 , 2012 . the weighted average shares used in computing diluted earnings per share were 95.1 million and 95.0 million for the years ended december 31 , 2013 and 2012 , respectively . table of contents .\nQuestion: what was the difference in foreign currency losses net between 2012 and 2013?\nAnswer: -286.0\nQuestion: so what was the percentage change during this time?\n"
},
{
"role": "agent",
"content": "-0.20414"
}
] |
CONVFINQA9437
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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( c ) effective january 1 , 2019 , these assets were transferred from the products pipelines business segment to the natural gas pipelines business segment . ( d ) effective january 1 , 2019 , a small number of terminals were transferred between the products pipelines and terminals business segments . competition our products pipelines 2019 pipeline operations compete against proprietary pipelines owned and operated by major oil companies , other independent products pipelines , trucking and marine transportation firms ( for short-haul movements of products ) and railcars . our products pipelines 2019 terminal operations compete with proprietary terminals owned and operated by major oil companies and other independent terminal operators , and our transmix operations compete with refineries owned by major oil companies and independent transmix facilities . terminals our terminals business segment includes the operations of our refined petroleum product , crude oil , chemical , ethanol and other liquid terminal facilities ( other than those included in the products pipelines business segment ) and all of our petroleum coke , metal and ores facilities . our terminals are located throughout the u.s . and in portions of canada . we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide expansion opportunities . we often classify our terminal operations based on the handling of either liquids or dry-bulk material products . in addition , terminals 2019 marine operations include jones act-qualified product tankers that provide marine transportation of crude oil , condensate and refined petroleum products between u.s . ports . the following summarizes our terminals business segment assets , as of december 31 , 2018 : number capacity ( mmbbl ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>number</td><td>capacity ( mmbbl )</td></tr><tr><td>2</td><td>liquids terminals ( a )</td><td>52</td><td>89.6</td></tr><tr><td>3</td><td>bulk terminals</td><td>34</td><td>2014</td></tr><tr><td>4</td><td>jones act tankers</td><td>16</td><td>5.3</td></tr></table> _______ ( a ) effective january 1 , 2019 , a small number of terminals were transferred between the terminals and products pipelines business segments . competition we are one of the largest independent operators of liquids terminals in north america , based on barrels of liquids terminaling capacity . our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical , pipeline , and refining companies . our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminaling services . in some locations , competitors are smaller , independent operators with lower cost structures . our jones act-qualified product tankers compete with other jones act qualified vessel fleets . our co2 business segment produces , transports , and markets co2 for use in enhanced oil recovery projects as a flooding medium for recovering crude oil from mature oil fields . our co2 pipelines and related assets allow us to market a complete package of co2 supply and transportation services to our customers . we also hold ownership interests in several oil-producing fields and own a crude oil pipeline , all located in the permian basin region of west texas. .\nQuestion: what is the number of liquid terminals?\nAnswer: 52.0\nQuestion: what is number of bulk terminals?\n"
},
{
"role": "agent",
"content": "34.0"
}
] |
CONVFINQA5044
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadjusted net income of $ 4.6 billion translated into adjusted earnings of $ 5.79 per diluted share , a best- ever performance . f0b7 freight revenues 2013 our freight revenues increased 7% ( 7 % ) year-over-year to $ 19.8 billion driven by volume growth of 2% ( 2 % ) , higher fuel surcharge revenue , and core pricing gains . growth in frac sand , coal , and intermodal shipments more than offset declines in grain , crude oil , finished vehicles , and rock shipments . f0b7 fuel prices 2013 our average price of diesel fuel in 2017 was $ 1.81 per gallon , an increase of 22% ( 22 % ) from 2016 , as both crude oil and conversion spreads between crude oil and diesel increased in 2017 . the higher price resulted in increased operating expenses of $ 334 million ( excluding any impact from year- over-year volume growth ) . gross-ton miles increased 5% ( 5 % ) , which also drove higher fuel expense . our fuel consumption rate , computed as gallons of fuel consumed divided by gross ton-miles in thousands , improved 2% ( 2 % ) . f0b7 free cash flow 2013 cash generated by operating activities totaled $ 7.2 billion , yielding free cash flow of $ 2.2 billion after reductions of $ 3.1 billion for cash used in investing activities and $ 2 billion in dividends , which included a 10% ( 10 % ) increase in our quarterly dividend per share from $ 0.605 to $ 0.665 declared and paid in the fourth quarter of 2017 . free cash flow is defined as cash provided by operating activities less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under gaap by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner . we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 7230</td><td>$ 7525</td><td>$ 7344</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-3086 ( 3086 )</td><td>-3393 ( 3393 )</td><td>-4476 ( 4476 )</td></tr><tr><td>4</td><td>dividends paid</td><td>-1982 ( 1982 )</td><td>-1879 ( 1879 )</td><td>-2344 ( 2344 )</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 2162</td><td>$ 2253</td><td>$ 524</td></tr></table> 2018 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , training and employee engagement , quality control , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2018 , we will continue to align resources with customer demand , maintain an efficient network , and ensure surge capability of our assets . f0b7 fuel prices 2013 fuel price projections for crude oil and natural gas continue to fluctuate in the current environment . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail increases or decreases in fuel price by approximately two months . lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices could likely have a negative impact on other commodities such as coal and domestic drilling-related shipments. .\nQuestion: what was the net change in free cash flow from 2016 to 2017?\nAnswer: -91.0\nQuestion: what was the value in 2016?\nAnswer: 2253.0\nQuestion: what is the percent change?\n"
},
{
"role": "agent",
"content": "-0.04039"
}
] |
CONVFINQA2413
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company monitors the financial health and stability of its lenders under the revolving credit and long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . in july 2011 , in connection with the company 2019s acquisition of its corporate headquarters , the company assumed a $ 38.6 million nonrecourse loan secured by a mortgage on the acquired property . the acquisition of the company 2019s corporate headquarters was accounted for as a business combination , and the carrying value of the loan secured by the acquired property approximates fair value . the assumed loan had an original term of approximately ten years with a scheduled maturity date of march 1 , 2013 . the loan includes a balloon payment of $ 37.3 million due at maturity , and may not be prepaid . the assumed loan is nonrecourse with the lender 2019s remedies for non-performance limited to action against the acquired property and certain required reserves and a cash collateral account , except for nonrecourse carve outs related to fraud , breaches of certain representations , warranties or covenants , including those related to environmental matters , and other standard carve outs for a loan of this type . the loan requires certain minimum cash flows and financial results from the property , and if those requirements are not met , additional reserves may be required . the assumed loan requires prior approval of the lender for certain matters related to the property , including material leases , changes to property management , transfers of any part of the property and material alterations to the property . the loan has an interest rate of 6.73% ( 6.73 % ) . in connection with the assumed loan , the company incurred and capitalized $ 0.8 million in deferred financing costs . as of december 31 , 2011 , the outstanding balance on the loan was $ 38.2 million . in addition , in connection with the assumed loan for the acquisition of its corporate headquarters , the company was required to set aside amounts in reserve and cash collateral accounts . as of december 31 , 2011 , $ 2.0 million of restricted cash was included in prepaid expenses and other current assets , and the remaining $ 3.0 million of restricted cash was included in other long term assets . interest expense was $ 3.9 million , $ 2.3 million and $ 2.4 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively . interest expense includes the amortization of deferred financing costs and interest expense under the credit and long term debt facilities , as well as the assumed loan discussed above . 8 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its retail stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2023 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for factory house stores that the company did not yet occupy as of december 31 , 2011 and does not include contingent rent the company may incur at its retail stores based on future sales above a specified limit . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2011 : ( in thousands ) operating . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>operating</td></tr><tr><td>2</td><td>2012</td><td>$ 22926</td></tr><tr><td>3</td><td>2013</td><td>23470</td></tr><tr><td>4</td><td>2014</td><td>26041</td></tr><tr><td>5</td><td>2015</td><td>24963</td></tr><tr><td>6</td><td>2016</td><td>18734</td></tr><tr><td>7</td><td>2017 and thereafter</td><td>69044</td></tr><tr><td>8</td><td>total future minimum lease payments</td><td>$ 185178</td></tr></table> included in selling , general and administrative expense was rent expense of $ 26.7 million , $ 21.3 million and $ 14.1 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively , under non-cancelable .\nQuestion: in 2012, what were the future minimum lease payments for non-cancelable real property?\nAnswer: 22926.0\nQuestion: and what is the total of future minimum lease payments?\nAnswer: 185178.0\nQuestion: what percentage, then, does 2012 represent in relation to this total?\nAnswer: 0.12381\nQuestion: and for the two precedent years, what was the change in the rent expense?\n"
},
{
"role": "agent",
"content": "5.4"
}
] |
CONVFINQA29
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntax returns for 2001 and beyond are open for examination under statute . currently , unrecognized tax benefits are not expected to change significantly over the next 12 months . 19 . stock-based and other management compensation plans in april 2009 , the company approved a global incentive plan which replaces the company 2019s 2004 stock incentive plan . the 2009 global incentive plan ( 201cgip 201d ) enables the compensation committee of the board of directors to award incentive and nonqualified stock options , stock appreciation rights , shares of series a common stock , restricted stock , restricted stock units ( 201crsus 201d ) and incentive bonuses ( which may be paid in cash or stock or a combination thereof ) , any of which may be performance-based , with vesting and other award provisions that provide effective incentive to company employees ( including officers ) , non-management directors and other service providers . under the 2009 gip , the company no longer can grant rsus with the right to participate in dividends or dividend equivalents . the maximum number of shares that may be issued under the 2009 gip is equal to 5350000 shares plus ( a ) any shares of series a common stock that remain available for issuance under the 2004 stock incentive plan ( 201csip 201d ) ( not including any shares of series a common stock that are subject to outstanding awards under the 2004 sip or any shares of series a common stock that were issued pursuant to awards under the 2004 sip ) and ( b ) any awards under the 2004 stock incentive plan that remain outstanding that cease for any reason to be subject to such awards ( other than by reason of exercise or settlement of the award to the extent that such award is exercised for or settled in vested and non-forfeitable shares ) . as of december 31 , 2010 , total shares available for awards and total shares subject to outstanding awards are as follows : shares available for awards shares subject to outstanding awards . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares available for awards</td><td>shares subject to outstanding awards</td></tr><tr><td>2</td><td>2009 global incentive plan</td><td>2322450</td><td>2530454</td></tr><tr><td>3</td><td>2004 stock incentive plan</td><td>-</td><td>5923147</td></tr></table> upon the termination of a participant 2019s employment with the company by reason of death or disability or by the company without cause ( as defined in the respective award agreements ) , an award in amount equal to ( i ) the value of the award granted multiplied by ( ii ) a fraction , ( x ) the numerator of which is the number of full months between grant date and the date of such termination , and ( y ) the denominator of which is the term of the award , such product to be rounded down to the nearest whole number , and reduced by ( iii ) the value of any award that previously vested , shall immediately vest and become payable to the participant . upon the termination of a participant 2019s employment with the company for any other reason , any unvested portion of the award shall be forfeited and cancelled without consideration . there was $ 19 million and $ 0 million of tax benefit realized from stock option exercises and vesting of rsus during the years ended december 31 , 2010 and 2009 , respectively . during the year ended december 31 , 2008 the company reversed $ 8 million of the $ 19 million tax benefit that was realized during the year ended december 31 , 2007 . deferred compensation in april 2007 , certain participants in the company 2019s 2004 deferred compensation plan elected to participate in a revised program , which includes both cash awards and restricted stock units ( see restricted stock units below ) . based on participation in the revised program , the company expensed $ 9 million , $ 10 million and $ 8 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively , related to the revised program and made payments of $ 4 million during the year ended december 31 , 2010 to participants who left the company and $ 28 million to active employees during december 2010 . as of december 31 , 2010 , $ 1 million remains to be paid during 2011 under the revised program . as of december 31 , 2009 , there was no deferred compensation payable remaining associated with the 2004 deferred compensation plan . the company recorded expense related to participants continuing in the 2004 deferred %%transmsg*** transmitting job : d77691 pcn : 132000000 ***%%pcmsg|132 |00011|yes|no|02/09/2011 18:22|0|0|page is valid , no graphics -- color : n| .\nQuestion: how many shares are subject to outstanding awards is under the 2009 global incentive plan?\nAnswer: 2530454.0\nQuestion: what about under the 2004 stock incentive plan?\nAnswer: 5923147.0\nQuestion: how many total shares are subject to outstanding awards?\nAnswer: 8453601.0\nQuestion: what about under the 2004 stock incentive plan?\nAnswer: 5923147.0\nQuestion: what proportion does this represent?\n"
},
{
"role": "agent",
"content": "0.70067"
}
] |
CONVFINQA7339
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 t h e 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 20 . statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate . these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities . there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries . the company 2019s u.s . subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators . statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items . the statutory capital and surplus of the u.s . subsidiaries met regulatory requirements for 2009 , 2008 , and 2007 . the amount of dividends available to be paid in 2010 , without prior approval from the state insurance departments , totals $ 733 million . the combined statutory capital and surplus and statutory net income of the bermuda and u.s . subsidiaries as at and for the years ended december 31 , 2009 , 2008 , and 2007 , are as follows: . <table class='wikitable'><tr><td>1</td><td>( in millions of u.s . dollars )</td><td>bermuda subsidiaries 2009</td><td>bermuda subsidiaries 2008</td><td>bermuda subsidiaries 2007</td><td>bermuda subsidiaries 2009</td><td>bermuda subsidiaries 2008</td><td>2007</td></tr><tr><td>2</td><td>statutory capital and surplus</td><td>$ 9299</td><td>$ 6205</td><td>$ 8579</td><td>$ 5801</td><td>$ 5368</td><td>$ 5321</td></tr><tr><td>3</td><td>statutory net income</td><td>$ 2472</td><td>$ 2196</td><td>$ 1535</td><td>$ 870</td><td>$ 818</td><td>$ 873</td></tr></table> as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s . subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 215 million , $ 211 million , and $ 140 million at december 31 , 2009 , 2008 , and 2007 , respectively . the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations . some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements . in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business . these licenses may be subject to reserves and minimum capital and solvency tests . jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements . 21 . information provided in connection with outstanding debt of subsidiaries the following tables present condensed consolidating financial information at december 31 , 2009 , and december 31 , 2008 , and for the years ended december 31 , 2009 , 2008 , and 2007 , for ace limited ( the parent guarantor ) and its 201csubsidiary issuer 201d , ace ina holdings , inc . the subsidiary issuer is an indirect 100 percent-owned subsidiary of the parent guarantor . investments in subsidiaries are accounted for by the parent guarantor under the equity method for purposes of the supplemental consolidating presentation . earnings of subsidiaries are reflected in the parent guarantor 2019s investment accounts and earnings . the parent guarantor fully and unconditionally guarantees certain of the debt of the subsidiary issuer. .\nQuestion: what was the value of statutory capital and surplus due to discount of certain a&e liabilities in 2009?\n"
},
{
"role": "agent",
"content": "215.0"
}
] |
CONVFINQA6647
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries management 2019s financial discussion and analysis palisades plants and related assets to their fair values . see note 14 to the financial statements for further discussion of the impairment and related charges . as a result of the entergy louisiana and entergy gulf states louisiana business combination , results of operations for 2015 also include two items that occurred in october 2015 : 1 ) a deferred tax asset and resulting net increase in tax basis of approximately $ 334 million and 2 ) a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) as a result of customer credits to be realized by electric customers of entergy louisiana , consistent with the terms of the stipulated settlement in the business combination proceeding . see note 2 to the financial statements for further discussion of the business combination and customer credits . results of operations for 2015 also include the sale in december 2015 of the 583 mw rhode island state energy center for a realized gain of $ 154 million ( $ 100 million net-of-tax ) on the sale and the $ 77 million ( $ 47 million net-of-tax ) write-off and regulatory charges to recognize that a portion of the assets associated with the waterford 3 replacement steam generator project is no longer probable of recovery . see note 14 to the financial statements for further discussion of the rhode island state energy center sale . see note 2 to the financial statements for further discussion of the waterford 3 write-off . net revenue utility following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 5829</td></tr><tr><td>3</td><td>retail electric price</td><td>289</td></tr><tr><td>4</td><td>louisiana business combination customer credits</td><td>107</td></tr><tr><td>5</td><td>volume/weather</td><td>14</td></tr><tr><td>6</td><td>louisiana act 55 financing savings obligation</td><td>-17 ( 17 )</td></tr><tr><td>7</td><td>other</td><td>-43 ( 43 )</td></tr><tr><td>8</td><td>2016 net revenue</td><td>$ 6179</td></tr></table> the retail electric price variance is primarily due to : 2022 an increase in base rates at entergy arkansas , as approved by the apsc . the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 . the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 . a significant portion of the increase is related to the purchase of power block 2 of the union power station ; 2022 an increase in the purchased power and capacity acquisition cost recovery rider for entergy new orleans , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station ; 2022 an increase in formula rate plan revenues for entergy louisiana , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station ; and 2022 an increase in revenues at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 , and an increase in revenues collected through the storm damage rider . see note 2 to the financial statements for further discussion of the rate proceedings . see note 14 to the financial statements for discussion of the union power station purchase . the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business .\nQuestion: what was the change in net revenue from 2015 to 2016?\n"
},
{
"role": "agent",
"content": "350.0"
}
] |
CONVFINQA7555
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwestrock company notes to consolidated financial statements 2014 ( continued ) consistent with prior years , we consider a portion of our earnings from certain foreign subsidiaries as subject to repatriation and we provide for taxes accordingly . however , we consider the unremitted earnings and all other outside basis differences from all other foreign subsidiaries to be indefinitely reinvested . accordingly , we have not provided for any taxes that would be due . as of september 30 , 2019 , we estimate our outside basis difference in foreign subsidiaries that are considered indefinitely reinvested to be approximately $ 1.6 billion . the components of the outside basis difference are comprised of purchase accounting adjustments , undistributed earnings , and equity components . except for the portion of our earnings from certain foreign subsidiaries where we provided for taxes , we have not provided for any taxes that would be due upon the reversal of the outside basis differences . however , in the event of a distribution in the form of dividends or dispositions of the subsidiaries , we may be subject to incremental u.s . income taxes , subject to an adjustment for foreign tax credits , and withholding taxes or income taxes payable to the foreign jurisdictions . as of september 30 , 2019 , the determination of the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis differences is not practicable . a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>balance at beginning of fiscal year</td><td>$ 127.1</td><td>$ 148.9</td><td>$ 166.8</td></tr><tr><td>3</td><td>additions related to purchase accounting ( 1 )</td><td>1.0</td><td>3.4</td><td>7.7</td></tr><tr><td>4</td><td>additions for tax positions taken in current year ( 2 )</td><td>103.8</td><td>3.1</td><td>5.0</td></tr><tr><td>5</td><td>additions for tax positions taken in prior fiscal years</td><td>1.8</td><td>18.0</td><td>15.2</td></tr><tr><td>6</td><td>reductions for tax positions taken in prior fiscal years</td><td>( 0.5 )</td><td>( 5.3 )</td><td>( 25.6 )</td></tr><tr><td>7</td><td>reductions due to settlement ( 3 )</td><td>( 4.0 )</td><td>( 29.4 )</td><td>( 14.1 )</td></tr><tr><td>8</td><td>( reductions ) additions for currency translation adjustments</td><td>-1.7 ( 1.7 )</td><td>-9.6 ( 9.6 )</td><td>2.0</td></tr><tr><td>9</td><td>reductions as a result of a lapse of the applicable statute oflimitations</td><td>( 3.2 )</td><td>( 2.0 )</td><td>( 8.1 )</td></tr><tr><td>10</td><td>balance at end of fiscal year</td><td>$ 224.3</td><td>$ 127.1</td><td>$ 148.9</td></tr></table> ( 1 ) amounts in fiscal 2019 relate to the kapstone acquisition . amounts in fiscal 2018 and 2017 relate to the mps acquisition . ( 2 ) additions for tax positions taken in current fiscal year includes primarily positions taken related to foreign subsidiaries . ( 3 ) amounts in fiscal 2019 relate to the settlements of state and foreign audit examinations . amounts in fiscal 2018 relate to the settlement of state audit examinations and federal and state amended returns filed related to affirmative adjustments for which there was a reserve . amounts in fiscal 2017 relate to the settlement of federal and state audit examinations with taxing authorities . as of september 30 , 2019 and 2018 , the total amount of unrecognized tax benefits was approximately $ 224.3 million and $ 127.1 million , respectively , exclusive of interest and penalties . of these balances , as of september 30 , 2019 and 2018 , if we were to prevail on all unrecognized tax benefits recorded , approximately $ 207.5 million and $ 108.7 million , respectively , would benefit the effective tax rate . we regularly evaluate , assess and adjust the related liabilities in light of changing facts and circumstances , which could cause the effective tax rate to fluctuate from period to period . resolution of the uncertain tax positions could have a material adverse effect on our cash flows or materially benefit our results of operations in future periods depending upon their ultimate resolution . see 201cnote 18 . commitments and contingencies 2014 brazil tax liability 201d we recognize estimated interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of income . as of september 30 , 2019 , we had liabilities of $ 80.0 million related to estimated interest and penalties for unrecognized tax benefits . as of september 30 , 2018 , we had liabilities of $ 70.4 million , related to estimated interest and penalties for unrecognized tax benefits . our results of operations for the fiscal year ended september 30 , 2019 , 2018 and 2017 include expense of $ 9.7 million , $ 5.8 million and $ 7.4 million , respectively , net of indirect benefits , related to estimated interest and penalties with respect to the liability for unrecognized tax benefits . as of september 30 , 2019 , it is reasonably possible that our unrecognized tax benefits will decrease by up to $ 8.7 million in the next twelve months due to expiration of various statues of limitations and settlement of issues. .\nQuestion: what was the total balance in 2019?\nAnswer: 224.3\nQuestion: and what was it in 2018?\n"
},
{
"role": "agent",
"content": "127.1"
}
] |
CONVFINQA474
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2015 ( 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 2014</td><td>305</td><td>384</td><td>689</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>13</td><td>11</td><td>24</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-115 ( 115 )</td><td>80</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-40 ( 40 )</td><td>-80 ( 80 )</td><td>-120 ( 120 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-88 ( 88 )</td><td>-94 ( 94 )</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2015</td><td>75</td><td>301</td><td>376</td></tr></table> proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .\nQuestion: what is 100 divided by the percent of reserve conversions?\nAnswer: 3.84615\nQuestion: what was the number of mmboe?\nAnswer: 182.0\nQuestion: what is the former quotient by the number of mmboe?\n"
},
{
"role": "agent",
"content": "700.0"
}
] |
CONVFINQA8135
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to the consolidated financial statements on march 18 , 2008 , ppg completed a public offering of $ 600 million in aggregate principal amount of its 5.75% ( 5.75 % ) notes due 2013 ( the 201c2013 notes 201d ) , $ 700 million in aggregate principal amount of its 6.65% ( 6.65 % ) notes due 2018 ( the 201c2018 notes 201d ) and $ 250 million in aggregate principal amount of its 7.70% ( 7.70 % ) notes due 2038 ( the 201c2038 notes 201d and , together with the 2013 notes and the 2018 notes , the 201cnotes 201d ) . the notes were offered by the company pursuant to its existing shelf registration . the proceeds of this offering of $ 1538 million ( net of discount and issuance costs ) and additional borrowings of $ 195 million under the 20ac650 million revolving credit facility were used to repay existing debt , including certain short-term debt and the amounts outstanding under the 20ac1 billion bridge loan . no further amounts can be borrowed under the 20ac1 billion bridge loan . the discount and issuance costs related to the notes , which totaled $ 12 million , will be amortized to interest expense over the respective lives of the notes . short-term debt outstanding as of december 31 , 2008 and 2007 , was as follows : ( millions ) 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>20ac1 billion bridge loan agreement 5.2% ( 5.2 % )</td><td>$ 2014</td><td>$ 1047</td></tr><tr><td>3</td><td>u.s . commercial paper 5.3% ( 5.3 % ) as of dec . 31 2008</td><td>222</td><td>617</td></tr><tr><td>4</td><td>20ac650 million revolving credit facility weighted average 2.9% ( 2.9 % ) as of dec . 31 2008 ( 1 )</td><td>200</td><td>2014</td></tr><tr><td>5</td><td>other weighted average 4.0% ( 4.0 % ) as of dec . 31 2008</td><td>362</td><td>154</td></tr><tr><td>6</td><td>total</td><td>$ 784</td><td>$ 1818</td></tr></table> total $ 784 $ 1818 ( 1 ) borrowings under this facility have a term of 30 days and can be rolled over monthly until the facility expires in 2010 . ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2008 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2008 , 2007 and 2006 totaled $ 228 million , $ 102 million and $ 90 million , respectively . rental expense for operating leases was $ 267 million , $ 188 million and $ 161 million in 2008 , 2007 and 2006 , respectively . the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa . minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2008 , are ( in millions ) $ 126 in 2009 , $ 107 in 2010 , $ 82 in 2011 , $ 65 in 2012 , $ 51 in 2013 and $ 202 thereafter . the company had outstanding letters of credit of $ 82 million as of december 31 , 2008 . the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business . as of december 31 , 2008 and 2007 guarantees outstanding were $ 70 million . the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses . a portion of such debt is secured by the assets of the related entities . the carrying values of these guarantees were $ 9 million and $ 3 million as of december 31 , 2008 and 2007 , respectively , and the fair values were $ 40 million and $ 17 million , as of december 31 , 2008 and 2007 , respectively . the company does not believe any loss related to these letters of credit or guarantees is likely . 10 . financial instruments , excluding derivative financial instruments included in ppg 2019s financial instrument portfolio are cash and cash equivalents , cash held in escrow , marketable equity securities , company-owned life insurance and short- and long-term debt instruments . the fair values of the financial instruments approximated their carrying values , in the aggregate , except for long-term long-term debt ( excluding capital lease obligations ) , had carrying and fair values totaling $ 3122 million and $ 3035 million , respectively , as of december 31 , 2008 . the corresponding amounts as of december 31 , 2007 , were $ 1201 million and $ 1226 million , respectively . the fair values of the debt instruments were based on discounted cash flows and interest rates currently available to the company for instruments of the same remaining maturities . 2008 ppg annual report and form 10-k 45 .\nQuestion: what was the value of interest payments in 2008?\n"
},
{
"role": "agent",
"content": "228.0"
}
] |
CONVFINQA7513
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nother expense , net : the company's other expense consists of the following: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2013</td><td>year ended december 31 , 2012</td></tr><tr><td>2</td><td>foreign currency losses net</td><td>$ -1115 ( 1115 )</td><td>$ -1401 ( 1401 )</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>69</td><td>-4 ( 4 )</td></tr><tr><td>4</td><td>total other expense net</td><td>$ -1046 ( 1046 )</td><td>$ -1405 ( 1405 )</td></tr></table> income tax provision : the company recorded income tax expense of $ 77.2 million and had income before income taxes of $ 322.5 million for the year ended december 31 , 2013 , representing an effective tax rate of 23.9% ( 23.9 % ) . during the year ended december 31 , 2012 , the company recorded income tax expense of $ 90.1 million and had income before income taxes of $ 293.5 million , representing an effective tax rate of 30.7% ( 30.7 % ) . in december 2013 , the company received notice from the irs that the joint committee on taxation took no exception to the company's tax returns that were filed for 2009 and 2010 . an $ 11.0 million tax benefit was recognized in the company's 2013 financial results as the company had effectively settled uncertainty regarding the realization of refund claims filed in connection with the 2009 and 2010 returns . in the u.s. , which is the largest jurisdiction where the company receives such a tax credit , the availability of the research and development credit expired at the end of the 2011 tax year . in january 2013 , the u.s . congress passed legislation that reinstated the research and development credit retroactive to 2012 . the income tax provision for the year ended december 31 , 2013 includes approximately $ 2.3 million related to the reinstated research and development credit for 2012 activity . the decrease in the effective tax rate from the prior year is primarily due to the release of an uncertain tax position mentioned above , the reinstatement of the u.s . research and development credit mentioned above , and cash repatriation activities . when compared to the federal and state combined statutory rate , the effective tax rates for the years ended december 31 , 2013 and 2012 were favorably impacted by lower statutory tax rates in many of the company 2019s foreign jurisdictions , the domestic manufacturing deduction and tax benefits associated with the merger of the company 2019s japan subsidiaries in 2010 . net income : the company 2019s net income for the year ended december 31 , 2013 was $ 245.3 million as compared to net income of $ 203.5 million for the year ended december 31 , 2012 . diluted earnings per share was $ 2.58 for the year ended december 31 , 2013 and $ 2.14 for the year ended december 31 , 2012 . the weighted average shares used in computing diluted earnings per share were 95.1 million and 95.0 million for the years ended december 31 , 2013 and 2012 , respectively . table of contents .\nQuestion: what was the net change in value of net income from 2012 to 2013?\n"
},
{
"role": "agent",
"content": "41.8"
}
] |
CONVFINQA7344
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 . at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>year</td></tr><tr><td>2</td><td>2011</td><td>$ 7.2</td></tr><tr><td>3</td><td>2012</td><td>8.2</td></tr><tr><td>4</td><td>2013</td><td>8.6</td></tr><tr><td>5</td><td>2014</td><td>9.5</td></tr><tr><td>6</td><td>2015</td><td>10.0</td></tr><tr><td>7</td><td>2016-2020</td><td>62.8</td></tr></table> savings plans . cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s . employees are participants and have the option to contribute to this plan . cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary . in addition , certain cme london-based employees are eligible to participate in a defined contribution plan . for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements . salary and cash bonuses paid are included in the definition of earnings . aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively . cme non-qualified plans . cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf . although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively . although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits . all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans . total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively . deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . nymexmembers 2019 retirement plan and benefits . nymex maintained a retirement and benefit plan under the commodities exchange , inc . ( comex ) members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 . at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million .\nQuestion: what was the expense for the supplemental plan in 2010?\n"
},
{
"role": "agent",
"content": "0.9"
}
] |
CONVFINQA7418
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>average grant datefair value per share</td></tr><tr><td>2</td><td>beginning of year</td><td>4999</td><td>$ 50.33</td></tr><tr><td>3</td><td>granted</td><td>2295</td><td>$ 63.79</td></tr><tr><td>4</td><td>earned/vested</td><td>-310 ( 310 )</td><td>$ 51.27</td></tr><tr><td>5</td><td>canceled</td><td>-86 ( 86 )</td><td>$ 56.53</td></tr><tr><td>6</td><td>end of year</td><td>6898</td><td>$ 54.69</td></tr></table> total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .\nQuestion: what is the net change in the average grant datefair value per share during the year as of september 30, 2018?\nAnswer: 4.36\nQuestion: what is the value of the average grant datefair value per share as of september 30, 2017?\nAnswer: 50.33\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "0.08663"
}
] |
CONVFINQA10359
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfrom those currently anticipated and expressed in such forward-looking statements as a result of a number of factors , including those we discuss under 201crisk factors 201d and elsewhere in this form 10-k . you should read 201crisk factors 201d and 201cforward-looking statements . 201d executive overview general american water works company , inc . ( herein referred to as 201camerican water 201d or the 201ccompany 201d ) is the largest investor-owned united states water and wastewater utility company , as measured both by operating revenues and population served . our approximately 6400 employees provide drinking water , wastewater and other water related services to an estimated 15 million people in 47 states and in one canadian province . our primary business involves the ownership of water and wastewater utilities that provide water and wastewater services to residential , commercial , industrial and other customers . our regulated businesses that provide these services are generally subject to economic regulation by state regulatory agencies in the states in which they operate . the federal government and the states also regulate environmental , health and safety and water quality matters . our regulated businesses provide services in 16 states and serve approximately 3.2 million customers based on the number of active service connections to our water and wastewater networks . we report the results of these businesses in our regulated businesses segment . we also provide services that are not subject to economic regulation by state regulatory agencies . we report the results of these businesses in our market-based operations segment . in 2014 , we continued the execution of our strategic goals . our commitment to growth through investment in our regulated infrastructure and expansion of our regulated customer base and our market-based operations , combined with operational excellence led to continued improvement in regulated operating efficiency , improved performance of our market-based operations , and enabled us to provide increased value to our customers and investors . during the year , we focused on growth , addressed regulatory lag , made more efficient use of capital and improved our regulated operation and maintenance ( 201co&m 201d ) efficiency ratio . 2014 financial results for the year ended december 31 , 2014 , we continued to increase net income , while making significant capital investment in our infrastructure and implementing operational efficiency improvements to keep customer rates affordable . highlights of our 2014 operating results compared to 2013 and 2012 include: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>income from continuing operations</td><td>$ 2.39</td><td>$ 2.07</td><td>$ 2.10</td></tr><tr><td>3</td><td>income ( loss ) from discontinued operations net of tax</td><td>$ -0.04 ( 0.04 )</td><td>$ -0.01 ( 0.01 )</td><td>$ -0.09 ( 0.09 )</td></tr><tr><td>4</td><td>diluted earnings per share</td><td>$ 2.35</td><td>$ 2.06</td><td>$ 2.01</td></tr></table> continuing operations income from continuing operations included 4 cents per diluted share of costs resulting from the freedom industries chemical spill in west virginia in 2014 and included 14 cents per diluted share in 2013 related to a tender offer . earnings from continuing operations , adjusted for these two items , increased 10% ( 10 % ) , or 22 cents per share , mainly due to favorable operating results from our regulated businesses segment due to higher revenues and lower operating expenses , partially offset by higher depreciation expenses . also contributing to the overall increase in income from continuing operations was lower interest expense in 2014 compared to the same period in 2013. .\nQuestion: what is the diluted earnings per sharein 2014?\n"
},
{
"role": "agent",
"content": "2.35"
}
] |
CONVFINQA8706
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nalexion pharmaceuticals , inc . notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , five month period ended december 31 , 2005 , and year ended july 31 , 2005 ( amounts in thousands , except share and per share amounts ) in 2006 , we completed a final phase iii trial of pexelizumab . after reviewing results from that trial , we along with p&g , determined not to pursue further development of pexelizumab . effective march 30 , 2007 , we and p&g mutually agreed to terminate the collaboration agreement . as the relevant agreement has been terminated in march 2007 , the remaining portion of the $ 10000 non-refundable up-front license fee , or $ 5343 , was recognized as revenue in the year ended december 31 , 2007 and is included in contract research revenues . license and research and development agreements we have entered into a number of license , research and development and manufacturing development agreements since our inception . these agreements have been made with various research institutions , universities , contractors , collaborators , and government agencies in order to advance and obtain technologies and services related to our business . license agreements generally provide for an initial fee followed by annual minimum royalty payments . additionally , certain agreements call for future payments upon the attainment of agreed upon milestones , such as , but not limited to , investigational new drug , or ind , application or approval of biologics license application . these agreements require minimum royalty payments based on sales of products developed from the applicable technologies , if any . clinical and manufacturing development agreements generally provide for us to fund manufacturing development and on-going clinical trials . clinical trial and development agreements include contract services and outside contractor services including contracted clinical site services related to patient enrolment for our clinical trials . manufacturing development agreements include clinical manufacturing and manufacturing development and scale-up . we have executed a large-scale product supply agreement with lonza sales ag for the long-term commercial manufacture of soliris ( see note 9 ) . in order to maintain our rights under these agreements , we may be required to provide a minimum level of funding or support . we may elect to terminate these arrangements . accordingly , we recognize the expense and related obligation related to these arrangements over the period of performance . the minimum fixed payments ( assuming non-termination of the above agreements ) as of december 31 , 2007 , for each of the next five years are as follows : years ending december 31 , license agreements clinical and manufacturing development agreements . <table class='wikitable'><tr><td>1</td><td>years ending december 31,</td><td>license agreements</td><td>clinical and manufacturing development agreements</td></tr><tr><td>2</td><td>2008</td><td>$ 707</td><td>$ 2860</td></tr><tr><td>3</td><td>2009</td><td>552</td><td>3750</td></tr><tr><td>4</td><td>2010</td><td>322</td><td>7500</td></tr><tr><td>5</td><td>2011</td><td>300</td><td>7500</td></tr><tr><td>6</td><td>2012</td><td>300</td><td>7500</td></tr></table> .\nQuestion: what was the net change in license agreements from 2008 to 2009?\nAnswer: -155.0\nQuestion: what was the value in 2008?\n"
},
{
"role": "agent",
"content": "707.0"
}
] |
CONVFINQA4964
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 3.6 billion as of december 31 , 2012 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2012 and 2011 included $ 2467 million , net of $ 966 million of accumulated depreciation , and $ 2458 million , net of $ 915 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 , 2012 , 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>2013</td><td>$ 525</td><td>$ 282</td></tr><tr><td>3</td><td>2014</td><td>466</td><td>265</td></tr><tr><td>4</td><td>2015</td><td>410</td><td>253</td></tr><tr><td>5</td><td>2016</td><td>375</td><td>232</td></tr><tr><td>6</td><td>2017</td><td>339</td><td>243</td></tr><tr><td>7</td><td>later years</td><td>2126</td><td>1166</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 4241</td><td>$ 2441</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-593 ( 593 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1848</td></tr></table> approximately 94% ( 94 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 631 million in 2012 , $ 637 million in 2011 , and $ 624 million in 2010 . 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 . 17 . 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 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 .\nQuestion: what was the total future minimum lease payments associated with the vie leases in 2012, converted to the thousands place?\nAnswer: 3600.0\nQuestion: and the total minimum lease payment for operating leases?\nAnswer: 4241.0\nQuestion: combined, what is this value?\nAnswer: 7841.0\nQuestion: and now the total combined with capital leases?\n"
},
{
"role": "agent",
"content": "10282.0"
}
] |
CONVFINQA9303
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense . also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income . the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses . 2015 compared to 2014 net income increased slightly , by $ 0.6 million , primarily due to higher net revenue and a lower effective income tax rate , offset by higher other operation and maintenance expenses , higher depreciation and amortization expenses , lower other income , and higher interest expense . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 2408.8</td></tr><tr><td>3</td><td>retail electric price</td><td>69.0</td></tr><tr><td>4</td><td>transmission equalization</td><td>-6.5 ( 6.5 )</td></tr><tr><td>5</td><td>volume/weather</td><td>-6.7 ( 6.7 )</td></tr><tr><td>6</td><td>louisiana act 55 financing savings obligation</td><td>-17.2 ( 17.2 )</td></tr><tr><td>7</td><td>other</td><td>-9.0 ( 9.0 )</td></tr><tr><td>8</td><td>2016 net revenue</td><td>$ 2438.4</td></tr></table> the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station . see note 2 to the financial statements for further discussion . the transmission equalization variance is primarily due to changes in transmission investments , including entergy louisiana 2019s exit from the system agreement in august 2016 . the volume/weather variance is primarily due to the effect of less favorable weather on residential sales , partially offset by an increase in industrial usage and an increase in volume during the unbilled period . the increase .\nQuestion: what was the net revenue in 2016, in millions?\nAnswer: 2438.4\nQuestion: and what was it in 2015, also in millions?\n"
},
{
"role": "agent",
"content": "2408.8"
}
] |
CONVFINQA4817
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncontributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . in 2015 , we made $ 5 million in contributions to our new sikorsky bargained qualified defined benefit pension plan and we plan to make approximately $ 25 million in contributions to this plan in 2016 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2015 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2017</td><td>2018</td><td>2019</td><td>2020</td><td>2021 - 2025</td></tr><tr><td>2</td><td>qualified defined benefit pension plans</td><td>$ 2160</td><td>$ 2240</td><td>$ 2320</td><td>$ 2410</td><td>$ 2500</td><td>$ 13670</td></tr><tr><td>3</td><td>retiree medical and life insurance plans</td><td>190</td><td>190</td><td>200</td><td>200</td><td>200</td><td>940</td></tr></table> defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 393 million in 2015 , $ 385 million in 2014 and $ 383 million in 2013 , the majority of which were funded in our common stock . our defined contribution plans held approximately 40.0 million and 41.7 million shares of our common stock as of december 31 , 2015 and 2014 . note 12 2013 stockholders 2019 equity at december 31 , 2015 and 2014 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 316 million shares of common stock issued and outstanding as of december 31 , 2014 , 314 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2015 or 2014 . repurchases of common stock during 2015 , we repurchased 15.2 million shares of our common stock for $ 3.1 billion . during 2014 and 2013 , we paid $ 1.9 billion and $ 1.8 billion to repurchase 11.5 million and 16.2 million shares of our common stock . on september 24 , 2015 , our board of directors approved a $ 3.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.6 billion as of december 31 , 2015 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 2.4 billion and $ 1.1 billion recorded as a reduction of retained earnings in 2015 and 2014 . we paid dividends totaling $ 1.9 billion ( $ 6.15 per share ) in 2015 , $ 1.8 billion ( $ 5.49 per share ) in 2014 and $ 1.5 billion ( $ 4.78 per share ) in 2013 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2015 . we declared quarterly dividends of $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014 ; and $ 1.15 per share during each of the first three quarters of 2013 and $ 1.33 per share during the fourth quarter of 2013. .\nQuestion: as of december 2015, how much did the estimated future benefit payments due in 2016 represent in relation to the ones due after 2021?\nAnswer: 0.15801\nQuestion: and what was, in millions, the variation in those payments between 2017 and 2018?\n"
},
{
"role": "agent",
"content": "80.0"
}
] |
CONVFINQA6117
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 , 2011 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>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.84</td><td>$ 152.16</td><td>$ 165.35</td><td>$ 154.61</td><td>$ 189.72</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.99</td><td>$ 153.54</td><td>$ 174.54</td><td>$ 176.94</td><td>$ 198.09</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.07</td><td>$ 158.22</td><td>$ 192.80</td></tr></table> .\nQuestion: what was the change in the total performance united parcel service inc . in the five year period ended in 2016?\n"
},
{
"role": "agent",
"content": "89.72"
}
] |
CONVFINQA6201
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart iii item 10 . directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year . for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 . item 11 . executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . item 12 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 . certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . item 14 . principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b )</td><td>weighted-averageexercise price ofoutstanding options warrants and rights</td><td>number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>1233672</td><td>$ 75.93</td><td>4903018</td></tr></table> part iii item 10 . directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year . for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 . item 11 . executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . item 12 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 . certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference . item 14 . principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .\nQuestion: what is the number securities to be issued upon exercise of outstanding options warrants and rights?\nAnswer: 1233672.0\nQuestion: what is the number of securities remaining available for future issuance under equity compensation plans?\nAnswer: 4903018.0\nQuestion: what is the sum?\n"
},
{
"role": "agent",
"content": "6136690.0"
}
] |
CONVFINQA3162
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nas of december 31 , 2017 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 9127</td></tr><tr><td>2</td><td>2019</td><td>8336</td></tr><tr><td>3</td><td>2020</td><td>8350</td></tr><tr><td>4</td><td>2021</td><td>7741</td></tr><tr><td>5</td><td>2022</td><td>7577</td></tr><tr><td>6</td><td>thereafter</td><td>9873</td></tr><tr><td>7</td><td>total minimum future lease payments</td><td>$ 51004</td></tr></table> rent expense for all operating leases amounted to $ 9.4 million , $ 8.1 million and $ 5.4 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . financing obligation 2014build-to-suit lease in august 2012 , we executed a lease for a building then under construction in santa clara , california to serve as our headquarters . the lease term is 120 months and commenced in august 2013 . based on the terms of the lease agreement and due to our involvement in certain aspects of the construction , we were deemed the owner of the building ( for accounting purposes only ) during the construction period . upon completion of construction in 2013 , we concluded that we had forms of continued economic involvement in the facility , and therefore did not meet with the provisions for sale-leaseback accounting . we continue to maintain involvement in the property post construction and lack transferability of the risks and rewards of ownership , due to our required maintenance of a $ 4.0 million letter of credit , in addition to our ability and option to sublease our portion of the leased building for fees substantially higher than our base rate . therefore , the lease is accounted for as a financing obligation and lease payments will be attributed to ( 1 ) a reduction of the principal financing obligation ; ( 2 ) imputed interest expense ; and ( 3 ) land lease expense , representing an imputed cost to lease the underlying land of the building . at the conclusion of the initial lease term , we will de-recognize both the net book values of the asset and the remaining financing obligation . as of december 31 , 2017 and 2016 , we have recorded assets of $ 53.4 million , representing the total costs of the building and improvements incurred , including the costs paid by the lessor ( the legal owner of the building ) and additional improvement costs paid by us , and a corresponding financing obligation of $ 39.6 million and $ 41.2 million , respectively . as of december 31 , 2017 , $ 1.9 million and $ 37.7 million were recorded as short-term and long-term financing obligations , respectively . land lease expense under our lease financing obligation amounted to $ 1.3 million for each of the years ended december 31 , 2017 , 2016 and 2015 respectively. .\nQuestion: what was the rent expense for all operating leases in 2017, in millions?\nAnswer: 9.4\nQuestion: and what was it in 2016, also in millions?\nAnswer: 8.1\nQuestion: what is, then, in millions, the total rent expense in both of those years?\n"
},
{
"role": "agent",
"content": "17.5"
}
] |
CONVFINQA8593
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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's financial discussion and analysis entergy new orleans' 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>2004</td><td>2003</td><td>2002</td><td>2001</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>$ 1413</td><td>$ 1783</td><td>$ 3500</td><td>$ 9208</td></tr></table> money pool activity provided $ 0.4 million of entergy new orleans' operating cash flow in 2004 , provided $ 1.7 million in 2003 , and provided $ 5.7 million in 2002 . see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool . investing activities net cash used in investing activities decreased $ 15.5 million in 2004 primarily due to capital expenditures related to a turbine inspection project at a fossil plant in 2003 and decreased customer service spending . net cash used in investing activities increased $ 23.2 million in 2003 compared to 2002 primarily due to the maturity of $ 14.9 million of other temporary investments in 2002 and increased construction expenditures due to increased customer service spending . financing activities net cash used in financing activities increased $ 7.0 million in 2004 primarily due to the costs and expenses related to refinancing $ 75 million of long-term debt in 2004 and an increase of $ 2.2 million in common stock dividends paid . net cash used in financing activities increased $ 1.5 million in 2003 primarily due to additional common stock dividends paid of $ 2.2 million . in july 2003 , entergy new orleans issued $ 30 million of 3.875% ( 3.875 % ) series first mortgage bonds due august 2008 and $ 70 million of 5.25% ( 5.25 % ) series first mortgage bonds due august 2013 . the proceeds from these issuances were used to redeem , prior to maturity , $ 30 million of 7% ( 7 % ) series first mortgage bonds due july 2008 , $ 40 million of 8% ( 8 % ) series bonds due march 2006 , and $ 30 million of 6.65% ( 6.65 % ) series first mortgage bonds due march 2004 . the issuances and redemptions are not shown on the cash flow statement because the proceeds from the issuances were placed in a trust for use in the redemptions and never held as cash by entergy new orleans . see note 5 to the domestic utility companies and system energy financial statements for details on long- term debt . uses of capital entergy new orleans requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. .\nQuestion: what was the net cash flow from money pool activity for entergy new orleans' operating cash flow in 2003 and 2002?\nAnswer: 2.1\nQuestion: and including the value for 2001?\nAnswer: 7.8\nQuestion: what was the annual interest expense related to the series first mortgage bonds due in 8/08?\n"
},
{
"role": "agent",
"content": "1.1625"
}
] |
CONVFINQA1713
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 investment in retail store leases 2014 the company has interests in various retail store leases relating to the anchor store premises in neighborhood and community shopping centers . these premises have been sublet to retailers who lease the stores pursuant to net lease agreements . income from the investment in these retail store leases during the years ended december 31 , 2010 , 2009 and 2008 , was approximately $ 1.6 million , $ 0.8 million and $ 2.7 million , respectively . these amounts represent sublease revenues during the years ended december 31 , 2010 , 2009 and 2008 , of approximately $ 5.9 million , $ 5.2 million and $ 7.1 million , respectively , less related expenses of $ 4.3 million , $ 4.4 million and $ 4.4 million , respectively . the company 2019s future minimum revenues under the terms of all non-cancelable tenant subleases and future minimum obligations through the remaining terms of its retail store leases , assuming no new or renegotiated leases are executed for such premises , for future years are as follows ( in millions ) : 2011 , $ 5.2 and $ 3.4 ; 2012 , $ 4.1 and $ 2.6 ; 2013 , $ 3.8 and $ 2.3 ; 2014 , $ 2.9 and $ 1.7 ; 2015 , $ 2.1 and $ 1.3 , and thereafter , $ 2.8 and $ 1.6 , respectively . leveraged lease 2014 during june 2002 , the company acquired a 90% ( 90 % ) equity participation interest in an existing leveraged lease of 30 properties . the properties are leased under a long-term bond-type net lease whose primary term expires in 2016 , with the lessee having certain renewal option rights . the company 2019s cash equity investment was approximately $ 4.0 million . this equity investment is reported as a net investment in leveraged lease in accordance with the fasb 2019s lease guidance . as of december 31 , 2010 , 18 of these properties were sold , whereby the proceeds from the sales were used to pay down the mortgage debt by approximately $ 31.2 million and the remaining 12 properties were encumbered by third-party non-recourse debt of approximately $ 33.4 million that is scheduled to fully amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease . as an equity participant in the leveraged lease , the company has no recourse obligation for principal or interest payments on the debt , which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease . accordingly , this obligation has been offset against the related net rental receivable under the lease . at december 31 , 2010 and 2009 , the company 2019s net investment in the leveraged lease consisted of the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>remaining net rentals</td><td>$ 37.6</td><td>$ 44.1</td></tr><tr><td>3</td><td>estimated unguaranteed residual value</td><td>31.7</td><td>31.7</td></tr><tr><td>4</td><td>non-recourse mortgage debt</td><td>-30.1 ( 30.1 )</td><td>-34.5 ( 34.5 )</td></tr><tr><td>5</td><td>unearned and deferred income</td><td>-34.2 ( 34.2 )</td><td>-37.0 ( 37.0 )</td></tr><tr><td>6</td><td>net investment in leveraged lease</td><td>$ 5.0</td><td>$ 4.3</td></tr></table> 10 . variable interest entities : consolidated operating properties 2014 included within the company 2019s consolidated operating properties at december 31 , 2010 are four consolidated entities that are vies and for which the company is the primary beneficiary . all of these entities have been established to own and operate real estate property . the company 2019s involvement with these entities is through its majority ownership of the properties . these entities were deemed vies primarily based on the fact that the voting rights of the equity investors are not proportional to their obligation to absorb expected losses or receive the expected residual returns of the entity and substantially all of the entity 2019s activities are conducted on behalf of the investor which has disproportionately fewer voting rights . the company determined that it was the primary beneficiary of these vies as a result of its controlling financial interest . during 2010 , the company sold two consolidated vie 2019s which the company was the primary beneficiary. .\nQuestion: what was sublease revenue in 2010?\n"
},
{
"role": "agent",
"content": "5.9"
}
] |
CONVFINQA6272
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncontinued investments in ecommerce and technology . the increase in operating expenses as a percentage of net sales for fiscal 2017 was partially offset by the impact of store closures in the fourth quarter of fiscal 2016 . membership and other income was relatively flat for fiscal 2018 and increased $ 1.0 billion a0for fiscal 2017 , when compared to the same period in the previous fiscal year . while fiscal 2018 included a $ 387 million gain from the sale of suburbia , a $ 47 million gain from a land sale , higher recycling income from our sustainability efforts and higher membership income from increased plus member penetration at sam's club , these gains were less than gains recognized in fiscal 2017 . fiscal 2017 included a $ 535 million gain from the sale of our yihaodian business and a $ 194 million gain from the sale of shopping malls in chile . for fiscal 2018 , loss on extinguishment of debt was a0$ 3.1 billion , due to the early extinguishment of long-term debt which allowed us to retire higher rate debt to reduce interest expense in future periods . our effective income tax rate was 30.4% ( 30.4 % ) for fiscal 2018 and 30.3% ( 30.3 % ) for both fiscal 2017 and 2016 . although relatively consistent year-over-year , our effective income tax rate may fluctuate from period to period as a result of factors including changes in our assessment of certain tax contingencies , valuation allowances , changes in tax laws , outcomes of administrative audits , the impact of discrete items and the mix of earnings among our u.s . operations and international operations . the reconciliation from the u.s . statutory rate to the effective income tax rates for fiscal 2018 , 2017 and 2016 is presented in note 9 in the \"notes to consolidated financial statements\" and describes the impact of the enactment of the tax cuts and jobs act of 2017 ( the \"tax act\" ) to the fiscal 2018 effective income tax rate . as a result of the factors discussed above , we reported $ 10.5 billion and $ 14.3 billion of consolidated net income for fiscal 2018 and 2017 , respectively , which represents a decrease of $ 3.8 billion and $ 0.8 billion for fiscal 2018 and 2017 , respectively , when compared to the previous fiscal year . diluted net income per common share attributable to walmart ( \"eps\" ) was $ 3.28 and $ 4.38 for fiscal 2018 and 2017 , respectively . walmart u.s . segment . <table class='wikitable'><tr><td>1</td><td>( amounts in millions except unit counts )</td><td>fiscal years ended january 31 , 2018</td><td>fiscal years ended january 31 , 2017</td><td>fiscal years ended january 31 , 2016</td></tr><tr><td>2</td><td>net sales</td><td>$ 318477</td><td>$ 307833</td><td>$ 298378</td></tr><tr><td>3</td><td>percentage change from comparable period</td><td>3.5% ( 3.5 % )</td><td>3.2% ( 3.2 % )</td><td>3.6% ( 3.6 % )</td></tr><tr><td>4</td><td>calendar comparable sales increase</td><td>2.1% ( 2.1 % )</td><td>1.6% ( 1.6 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>5</td><td>operating income</td><td>$ 17869</td><td>$ 17745</td><td>$ 19087</td></tr><tr><td>6</td><td>operating income as a percentage of net sales</td><td>5.6% ( 5.6 % )</td><td>5.8% ( 5.8 % )</td><td>6.4% ( 6.4 % )</td></tr><tr><td>7</td><td>unit counts at period end</td><td>4761</td><td>4672</td><td>4574</td></tr><tr><td>8</td><td>retail square feet at period end</td><td>705</td><td>699</td><td>690</td></tr></table> net sales for the walmart u.s . segment increased $ 10.6 billion or 3.5% ( 3.5 % ) and $ 9.5 billion or 3.2% ( 3.2 % ) for fiscal 2018 and 2017 , respectively , when compared to the previous fiscal year . the increases in net sales were primarily due to increases in comparable store sales of 2.1% ( 2.1 % ) and 1.6% ( 1.6 % ) for fiscal 2018 and 2017 , respectively , and year-over-year growth in retail square feet of 0.7% ( 0.7 % ) and 1.4% ( 1.4 % ) for fiscal 2018 and 2017 , respectively . additionally , for fiscal 2018 , sales generated from ecommerce acquisitions further contributed to the year-over-year increase . gross profit rate decreased 24 basis points for fiscal 2018 and increased 24 basis points for fiscal 2017 , when compared to the previous fiscal year . for fiscal 2018 , the decrease was primarily due to strategic price investments and the mix impact from ecommerce . partially offsetting the negative factors for fiscal 2018 was the positive impact of savings from procuring merchandise . for fiscal 2017 , the increase in gross profit rate was primarily due to improved margin in food and consumables , including the impact of savings in procuring merchandise and lower transportation expense from lower fuel costs . operating expenses as a percentage of segment net sales was relatively flat for fiscal 2018 and increased 101 basis points for fiscal 2017 , when compared to the previous fiscal year . fiscal 2018 and fiscal 2017 included charges related to discontinued real estate projects of $ 244 million and $ 249 million , respectively . for fiscal 2017 , the increase was primarily driven by an increase in wage expense due to the investment in the associate wage structure ; the charge related to discontinued real estate projects ; and investments in digital retail and technology . the increase in operating expenses as a percentage of segment net sales for fiscal 2017 was partially offset by the impact of store closures in fiscal 2016 . as a result of the factors discussed above , segment operating income increased $ 124 million for fiscal 2018 and decreased $ 1.3 billion for fiscal 2017 , respectively. .\nQuestion: what were the net sales in 2018?\nAnswer: 318477.0\nQuestion: and what were they in 2017?\nAnswer: 307833.0\nQuestion: what was, then, the change over the year?\n"
},
{
"role": "agent",
"content": "10644.0"
}
] |
CONVFINQA6548
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-averageexercise price ofoutstanding options warrants and rights</td><td>number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>1471449</td><td>$ 136.62</td><td>3578241</td></tr></table> part a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. .\nQuestion: what was the total of securities approved by the security holders?\nAnswer: 5049690.0\nQuestion: and what portion of this total is represented by the issued securities?\nAnswer: 0.29139\nQuestion: what portion is represented by the ones remaining available for future issuance?\n"
},
{
"role": "agent",
"content": "0.70861"
}
] |
CONVFINQA1361
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhr solutions . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>revenue</td><td>$ 2111</td><td>$ 1267</td><td>$ 1356</td></tr><tr><td>3</td><td>operating income</td><td>234</td><td>203</td><td>208</td></tr><tr><td>4</td><td>operating margin</td><td>11.1% ( 11.1 % )</td><td>16.0% ( 16.0 % )</td><td>15.3% ( 15.3 % )</td></tr></table> in october 2010 , we completed the acquisition of hewitt , one of the world 2019s leading human resource consulting and outsourcing companies . hewitt operates globally together with aon 2019s existing consulting and outsourcing operations under the newly created aon hewitt brand . hewitt 2019s operating results are included in aon 2019s results of operations beginning october 1 , 2010 . our hr solutions segment generated approximately 25% ( 25 % ) of our consolidated total revenues in 2010 and provides a broad range of human capital services , as follows : consulting services : 2022 health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees . benefits consulting includes health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services . 2022 retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration . 2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries . 2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management . outsourcing services : 2022 benefits outsourcing applies our hr expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services . our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions . 2022 human resource business processing outsourcing ( 2018 2018hr bpo 2019 2019 ) provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and record and manage talent , workforce and other core hr process transactions as well as other complementary services such as absence management , flexible spending , dependent audit and participant advocacy . beginning in late 2008 , the disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace . weak economic conditions globally continued throughout 2010 . the prolonged economic downturn is adversely impacting our clients 2019 financial condition and therefore the levels of business activities in the industries and geographies where we operate . while we believe that the majority of our practices are well positioned to manage through this time , these challenges are reducing demand for some of our services and putting .\nQuestion: what was the difference in operating income between 2009 and 2010?\n"
},
{
"role": "agent",
"content": "31.0"
}
] |
CONVFINQA8090
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td></tr><tr><td>2</td><td>interest expense incurred</td><td>$ -</td><td>$ 8181</td><td>$ 20454</td></tr></table> holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) . the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .\nQuestion: what was the change in the interest expense from 2012 to 2013?\nAnswer: -12273.0\nQuestion: and what was that interest expense in 2012?\n"
},
{
"role": "agent",
"content": "20454.0"
}
] |
CONVFINQA7121
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2014 ( continued ) becton , dickinson and company ( b ) these reclassifications were recorded to interest expense and cost of products sold . additional details regarding the company's cash flow hedges are provided in note 13 . on august 25 , 2016 , in anticipation of proceeds to be received from the divestiture of the respiratory solutions business in the first quarter of fiscal year 2017 , the company entered into an accelerated share repurchase ( \"asr\" ) agreement . subsequent to the end of the company's fiscal year 2016 and as per the terms of the asr agreement , the company received approximately 1.3 million shares of its common stock , which was recorded as a $ 220 million increase to common stock in treasury . note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>average common shares outstanding</td><td>212702</td><td>202537</td><td>193299</td></tr><tr><td>3</td><td>dilutive share equivalents from share-based plans</td><td>4834</td><td>4972</td><td>4410</td></tr><tr><td>4</td><td>average common and common equivalent shares outstanding 2014 assuming dilution</td><td>217536</td><td>207509</td><td>197709</td></tr></table> average common and common equivalent shares outstanding 2014 assuming dilution 217536 207509 197709 upon closing the acquisition of carefusion corporation ( 201ccarefusion 201d ) on march 17 , 2015 , the company issued approximately 15.9 million of its common shares as part of the purchase consideration . additional disclosures regarding this acquisition are provided in note 9 . options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation . for the years ended september 30 , 2016 , 2015 and 2014 there were no options to purchase shares of common stock which were excluded from the diluted earnings per share calculation. .\nQuestion: what are the number of outstanding shares in 2016?\nAnswer: 212702.0\nQuestion: what are the number of shares in 2015?\nAnswer: 202537.0\nQuestion: what is the sum?\n"
},
{
"role": "agent",
"content": "415239.0"
}
] |
CONVFINQA3014
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninput costs for board and resin are expected to be flat and operating costs are expected to decrease . european consumer packaging net sales in 2013 were $ 380 million compared with $ 380 million in 2012 and $ 375 million in 2011 . operating profits in 2013 were $ 100 million compared with $ 99 million in 2012 and $ 93 million in 2011 . sales volumes in 2013 decreased from 2012 in both the european and russian markets . average sales price realizations were significantly higher in the russian market , but were lower in europe . input costs were flat year-over-year . planned maintenance downtime costs were higher in 2013 than in 2012 . looking forward to the first quarter of 2014 , sales volumes compared with the fourth quarter of 2013 are expected to be about flat . average sales price realizations are expected to be higher in both russia and europe . input costs are expected to increase for wood and energy , but decrease for purchased pulp . there are no maintenance outages scheduled for the first quarter , however the kwidzyn mill will have additional costs associated with the rebuild of a coated board machine . asian consumer packaging net sales were $ 1.1 billion in 2013 compared with $ 830 million in 2012 and $ 855 million in 2011 . operating profits in 2013 were a loss of $ 2 million compared with gains of $ 4 million in 2012 and $ 35 million in 2011 . sales volumes increased in 2013 compared with 2012 , reflecting the ramp-up of a new coated paperboard machine installed in 2012 . however , average sales price realizations were significantly lower , reflecting competitive pressure on sales prices which squeezed margins and created an unfavorable product mix . lower input costs were offset by higher freight costs . in 2012 , start-up costs for the new coated paperboard machine adversely impacted operating profits . in the first quarter of 2014 , sales volumes are expected to increase slightly . average sales price realizations are expected to be flat reflecting continuing competitive pressures . input costs are expected be higher for pulp , energy and chemicals . the business will drive margin improvement through operational excellence and better distribution xpedx , our distribution business , is one of north america 2019s leading business-to-business distributors to manufacturers , facility managers and printers , providing customized solutions that are designed to improve efficiency , reduce costs and deliver results . customer demand is generally sensitive to changes in economic conditions and consumer behavior , along with segment specific activity including corporate advertising and promotional spending , government spending and domestic manufacturing activity . distribution 2019s margins are relatively stable across an economic cycle . providing customers with the best choice for value in both products and supply chain services is a key competitive factor . additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability . distribution . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>sales</td><td>$ 5650</td><td>$ 6040</td><td>$ 6630</td></tr><tr><td>3</td><td>operating profit</td><td>-389 ( 389 )</td><td>22</td><td>34</td></tr></table> distribution 2019s 2013 annual sales decreased 6% ( 6 % ) from 2012 , and decreased 15% ( 15 % ) from 2011 . operating profits in 2013 were a loss of $ 389 million ( a gain of $ 43 million excluding goodwill impairment charges and reorganization costs ) compared with $ 22 million ( $ 71 million excluding reorganization costs ) in 2012 and $ 34 million ( $ 86 million excluding reorganization costs ) in annual sales of printing papers and graphic arts supplies and equipment totaled $ 3.2 billion in 2013 compared with $ 3.5 billion in 2012 and $ 4.0 billion in 2011 reflecting declining demand and the discontinuation of a distribution agreement with a large manufacturer of graphic supplies . trade margins as a percent of sales for printing papers were down from both 2012 and 2011 . revenue from packaging products was flat at $ 1.6 billion in 2013 , 2012 and 2011 despite the significant decline of a large high-tech customer's business . packaging margins remained flat to the 2012 level , and up from 2011 . facility supplies annual revenue was $ 845 million in 2013 , down from $ 944 million in 2012 and $ 981 million in 2011 . operating profits in 2013 included a goodwill impairment charge of $ 400 million and reorganization costs for severance , professional services and asset write-downs of $ 32 million . operating profits in 2012 and 2011 included reorganization costs of $ 49 million and $ 52 million , respectively . looking ahead to the 2014 first quarter , operating profits will be seasonally lower , but will continue to reflect the benefits of strategic and other cost reduction initiatives. .\nQuestion: what were net sales of asian consumer packaging in 2013?\n"
},
{
"role": "agent",
"content": "1.1"
}
] |
CONVFINQA1188
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n15 . leases in january 1996 , the company entered into a lease agreement with an unrelated third party for a new corporate office facility , which the company occupied in february 1997 . in may 2004 , the company entered into the first amendment to this lease agreement , effective january 1 , 2004 . the lease was extended from an original period of 10 years , with an option for five additional years , to a period of 18 years from the inception date , with an option for five additional years . the company incurred lease rental expense related to this facility of $ 1.3 million in 2008 , 2007 and 2006 . the future minimum lease payments are $ 1.4 million per annum from january 1 , 2009 to december 31 , 2014 . the future minimum lease payments from january 1 , 2015 through december 31 , 2019 will be determined based on prevailing market rental rates at the time of the extension , if elected . the amended lease also provided for the lessor to reimburse the company for up to $ 550000 in building refurbishments completed through march 31 , 2006 . these amounts have been recorded as a reduction of lease expense over the remaining term of the lease . the company has also entered into various noncancellable operating leases for equipment and office space . office space lease expense totaled $ 9.3 million , $ 6.3 million and $ 4.7 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . future minimum lease payments under noncancellable operating leases for office space in effect at december 31 , 2008 are $ 8.8 million in 2009 , $ 6.6 million in 2010 , $ 3.0 million in 2011 , $ 1.8 million in 2012 and $ 1.1 million in 2013 . 16 . royalty agreements the company has entered into various renewable , nonexclusive license agreements under which the company has been granted access to the licensor 2019s technology and the right to sell the technology in the company 2019s product line . royalties are payable to developers of the software at various rates and amounts , which generally are based upon unit sales or revenue . royalty fees are reported in cost of goods sold and were $ 6.3 million , $ 5.2 million and $ 3.9 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . 17 . geographic information revenue to external customers is attributed to individual countries based upon the location of the customer . revenue by geographic area is as follows: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2008</td><td>year ended december 31 , 2007</td><td>year ended december 31 , 2006</td></tr><tr><td>2</td><td>united states</td><td>$ 151688</td><td>$ 131777</td><td>$ 94282</td></tr><tr><td>3</td><td>germany</td><td>68390</td><td>50973</td><td>34567</td></tr><tr><td>4</td><td>japan</td><td>66960</td><td>50896</td><td>35391</td></tr><tr><td>5</td><td>canada</td><td>8033</td><td>4809</td><td>4255</td></tr><tr><td>6</td><td>other european</td><td>127246</td><td>108971</td><td>70184</td></tr><tr><td>7</td><td>other international</td><td>56022</td><td>37914</td><td>24961</td></tr><tr><td>8</td><td>total revenue</td><td>$ 478339</td><td>$ 385340</td><td>$ 263640</td></tr></table> .\nQuestion: what is the total future minimum lease payments under noncancellable operating leases for office space for 2009 and 2010?\nAnswer: 15.4\nQuestion: what about if 2011 is added?\nAnswer: 18.4\nQuestion: and if 2012 is added?\nAnswer: 20.2\nQuestion: what about if 2013 is added\nAnswer: 21.3\nQuestion: what is the average for these four years?\nAnswer: 5.325\nQuestion: what is the revenue generated in united states in 2008?\nAnswer: 151688.0\nQuestion: what about the total revenue in 2008?\nAnswer: 478339.0\nQuestion: what portion of revenue is generated in united states?\n"
},
{
"role": "agent",
"content": "0.31711"
}
] |
CONVFINQA3950
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nour tax returns are currently under examination in various foreign jurisdictions . the major foreign tax jurisdictions under examination include germany , italy and switzerland . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 12 . capital stock and earnings per share we have 2 million shares of series a participating cumulative preferred stock authorized for issuance , none of which were outstanding as of december 31 , 2007 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>235.5</td><td>243.0</td><td>247.1</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>2.0</td><td>2.4</td><td>2.7</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>237.5</td><td>245.4</td><td>249.8</td></tr></table> weighted average shares outstanding for basic net earnings per share 235.5 243.0 247.1 effect of dilutive stock options and other equity awards 2.0 2.4 2.7 weighted average shares outstanding for diluted net earnings per share 237.5 245.4 249.8 for the year ended december 31 , 2007 , an average of 3.1 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2006 and 2005 , an average of 7.6 million and 2.9 million options , respectively , were not included . in december 2005 , our board of directors authorized a stock repurchase program of up to $ 1 billion through december 31 , 2007 . in december 2006 , our board of directors authorized an additional stock repurchase program of up to $ 1 billion through december 31 , 2008 . as of december 31 , 2007 we had acquired approximately 19345200 shares at a cost of $ 1378.9 million , before commissions . 13 . segment data we design , develop , manufacture and market reconstructive orthopaedic implants , including joint and dental , spinal implants , trauma products and related orthopaedic surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , acquisition , integration and other expenses , inventory step-up , in-process research and development write- offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 7 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) .\nQuestion: what is the ratio of average basic eps in 2006 to 2005?\nAnswer: 0.95306\nQuestion: what percentage change does this represent?\n"
},
{
"role": "agent",
"content": "-0.04694"
}
] |
CONVFINQA746
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n22 2016 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2016 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td></tr><tr><td>2</td><td>jkhy</td><td>100.00</td><td>116.62</td><td>161.33</td><td>206.53</td><td>228.24</td><td>312.11</td></tr><tr><td>3</td><td>peer group</td><td>100.00</td><td>107.65</td><td>126.89</td><td>174.28</td><td>219.46</td><td>251.24</td></tr><tr><td>4</td><td>s&p 500</td><td>100.00</td><td>105.45</td><td>127.17</td><td>158.46</td><td>170.22</td><td>177.02</td></tr></table> this comparison assumes $ 100 was invested on june 30 , 2011 , and assumes reinvestments of dividends . total returns are calculated according to market capitalization of peer group members at the beginning of each period . peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses . companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. . heartland payment systems , inc . was removed from the peer group as it merged with global payments , inc . in april 2016. .\nQuestion: what was the change in the performance value of the peer group stock from 2014 to 2016?\n"
},
{
"role": "agent",
"content": "45.18"
}
] |
CONVFINQA6946
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>january 3 2009</td><td>january 2 2010</td><td>january 1 2011</td><td>december 31 2011</td><td>december 29 2012</td><td>december 28 2013</td></tr><tr><td>2</td><td>advance auto parts</td><td>$ 100.00</td><td>$ 119.28</td><td>$ 195.80</td><td>$ 206.86</td><td>$ 213.14</td><td>$ 327.63</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>119.67</td><td>134.97</td><td>134.96</td><td>150.51</td><td>197.62</td></tr><tr><td>4</td><td>s&p retail index</td><td>100.00</td><td>141.28</td><td>174.70</td><td>179.79</td><td>219.77</td><td>321.02</td></tr></table> .\nQuestion: what was the price of advance auto in 2012?\nAnswer: 213.14\nQuestion: what is that less 100?\nAnswer: 113.14\nQuestion: what was the price of the s&p index in 2012?\nAnswer: 150.51\nQuestion: what is that less 100?\n"
},
{
"role": "agent",
"content": "50.51"
}
] |
CONVFINQA2764
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2017 , the company granted 440076 shares of restricted class a common stock and 7568 shares of restricted stock units . restricted common stock and restricted stock units generally have a vesting period of two to four years . the fair value related to these grants was $ 58.7 million , which is recognized as compensation expense on an accelerated basis over the vesting period . dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . in 2017 , the company also granted 203298 performance shares . the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period . the vesting of these shares is contingent on meeting stated performance or market conditions . the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2017 : number of shares weighted average grant date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of shares</td><td>weightedaveragegrant datefair value</td></tr><tr><td>2</td><td>outstanding at december 31 2016</td><td>1820578</td><td>$ 98</td></tr><tr><td>3</td><td>granted</td><td>650942</td><td>129</td></tr><tr><td>4</td><td>vested</td><td>-510590 ( 510590 )</td><td>87</td></tr><tr><td>5</td><td>cancelled</td><td>-401699 ( 401699 )</td><td>95</td></tr><tr><td>6</td><td>outstanding at december 31 2017</td><td>1559231</td><td>116</td></tr></table> the total fair value of restricted stock , restricted stock units , and performance shares that vested during 2017 , 2016 and 2015 was $ 66.0 million , $ 59.8 million and $ 43.3 million , respectively . under the espp , eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2017 , 2016 and 2015 , a total of 19936 , 19858 and 19756 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.3 million for the purchase discount was recognized in 2017 , and $ 0.2 million was recognized in both 2016 and 2015 . non-executive directors receive an annual award of class a common stock with a value equal to $ 100000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 60000 , in shares of stock based on the closing price at the date of distribution . as a result , 19736 shares , 26439 shares and 25853 shares of class a common stock were issued to non-executive directors during 2017 , 2016 and 2015 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .\nQuestion: what is the net change in the balance of outstanding number of shares during 2017?\n"
},
{
"role": "agent",
"content": "-261347.0"
}
] |
CONVFINQA947
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nuntil the hedged transaction is recognized in earnings . changes in the fair value of the derivatives that are attributable to the ineffective portion of the hedges , or of derivatives that are not considered to be highly effective hedges , if any , are immediately recognized in earnings . the aggregate notional amount of our outstanding foreign currency hedges at december 31 , 2012 and 2011 was $ 1.3 billion and $ 1.7 billion . the aggregate notional amount of our outstanding interest rate swaps at december 31 , 2012 and 2011 was $ 503 million and $ 450 million . derivative instruments did not have a material impact on net earnings and comprehensive income during 2012 , 2011 , and 2010 . substantially all of our derivatives are designated for hedge accounting . see note 15 for more information on the fair value measurements related to our derivative instruments . stock-based compensation 2013 compensation cost related to all share-based payments including stock options and restricted stock units is measured at the grant date based on the estimated fair value of the award . we generally recognize the compensation cost ratably over a three-year vesting period . income taxes 2013 we periodically assess our tax filing exposures related to periods that are open to examination . based on the latest available information , we evaluate our tax positions to determine whether the position will more likely than not be sustained upon examination by the internal revenue service ( irs ) . if we cannot reach a more-likely-than-not determination , no benefit is recorded . if we determine that the tax position is more likely than not to be sustained , we record the largest amount of benefit that is more likely than not to be realized when the tax position is settled . we record interest and penalties related to income taxes as a component of income tax expense on our statements of earnings . interest and penalties are not material . accumulated other comprehensive loss 2013 changes in the balance of accumulated other comprehensive loss , net of income taxes , consisted of the following ( in millions ) : postretirement benefit plan adjustments other , net accumulated comprehensive . <table class='wikitable'><tr><td>1</td><td>-</td><td>postretirement benefit plan adjustments</td><td>other net</td><td>accumulated other comprehensive loss</td></tr><tr><td>2</td><td>balance at january 1 2010</td><td>$ -8564 ( 8564 )</td><td>$ -31 ( 31 )</td><td>$ -8595 ( 8595 )</td></tr><tr><td>3</td><td>other comprehensive ( loss ) income</td><td>-430 ( 430 )</td><td>15</td><td>-415 ( 415 )</td></tr><tr><td>4</td><td>balance at december 31 2010</td><td>-8994 ( 8994 )</td><td>-16 ( 16 )</td><td>-9010 ( 9010 )</td></tr><tr><td>5</td><td>other comprehensive loss</td><td>-2192 ( 2192 )</td><td>-55 ( 55 )</td><td>-2247 ( 2247 )</td></tr><tr><td>6</td><td>balance at december 31 2011</td><td>-11186 ( 11186 )</td><td>-71 ( 71 )</td><td>-11257 ( 11257 )</td></tr><tr><td>7</td><td>other comprehensive ( loss ) income</td><td>-2346 ( 2346 )</td><td>110</td><td>-2236 ( 2236 )</td></tr><tr><td>8</td><td>balance at december 31 2012</td><td>$ -13532 ( 13532 )</td><td>$ 39</td><td>$ -13493 ( 13493 )</td></tr></table> the postretirement benefit plan adjustments are shown net of tax benefits at december 31 , 2012 , 2011 , and 2010 of $ 7.4 billion , $ 6.1 billion , and $ 4.9 billion . these tax benefits include amounts recognized on our income tax returns as current deductions and deferred income taxes , which will be recognized on our tax returns in future years . see note 7 and note 9 for more information on our income taxes and postretirement plans . recent accounting pronouncements 2013 effective january 1 , 2012 , we retrospectively adopted new guidance issued by the financial accounting standards board by presenting total comprehensive income and the components of net income and other comprehensive loss in two separate but consecutive statements . the adoption of this guidance resulted only in a change in how we present other comprehensive loss in our consolidated financial statements and did not have any impact on our results of operations , financial position , or cash flows. .\nQuestion: what was the change in value of the aggregate notional amount of outstanding interest rate swaps from 2011 to 2012?\nAnswer: 53.0\nQuestion: what was the value in 2011?\n"
},
{
"role": "agent",
"content": "450.0"
}
] |
CONVFINQA220
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nother taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 . in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized . dominion energy 2002 2001 2000 ( millions , except per share amounts ) . <table class='wikitable'><tr><td>1</td><td>( millions except pershare amounts )</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>operating revenue</td><td>$ 5940</td><td>$ 6144</td><td>$ 4894</td></tr><tr><td>3</td><td>operating expenses</td><td>4520</td><td>4749</td><td>3939</td></tr><tr><td>4</td><td>net income contribution</td><td>770</td><td>723</td><td>489</td></tr><tr><td>5</td><td>earnings per share contribution</td><td>$ 2.72</td><td>$ 2.86</td><td>$ 2.07</td></tr><tr><td>6</td><td>electricity supplied* ( million mwhrs )</td><td>101</td><td>95</td><td>83</td></tr><tr><td>7</td><td>gas transmission throughput ( bcf )</td><td>597</td><td>553</td><td>567</td></tr></table> * amounts presented are for electricity supplied by utility and merchant generation operations . operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 . net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) . interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 . the earnings per share decrease reflected share dilution . regulated electric sales revenue increased $ 179 million . favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively . fuel rate recoveries increased approximately $ 65 million for 2002 . these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income . partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts . nonregulated electric sales revenue increased $ 9 million . sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 . revenue from the wholesale marketing of utility generation decreased $ 74 million . due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market . revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year . net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins . nonregulated gas sales revenue decreased $ 351 million . the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices . revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million . the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment . as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy . the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins . those losses were partially offset by contributions from higher trading volumes in gas and oil markets . gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates . electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations . substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year . for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation . purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations . this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes . liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period . the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments . other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year . depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations . other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t .\nQuestion: what is the gas transmission throughput ( bcf ) in 2002?\nAnswer: 597.0\nQuestion: what about in 2001?\nAnswer: 553.0\nQuestion: what is the growth rate?\nAnswer: 1.07957\nQuestion: what would be gas transmission throughput ( bcf ) in 2003?\n"
},
{
"role": "agent",
"content": "644.5009"
}
] |
CONVFINQA4734
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 company for an aggregate proceeds of approximately $ 234 million . the company recognized a gain on disposal of $ 6 million , net of tax , during the year ended december 31 , 2010 . ras laffan was previously reported in the asia generation segment . 23 . acquisitions and dispositions acquisitions dpl 2014on november 28 , 2011 , aes completed its acquisition of 100% ( 100 % ) of the common stock of dpl for approximately $ 3.5 billion , pursuant to the terms and conditions of a definitive agreement ( the 201cmerger agreement 201d ) dated april 19 , 2011 . dpl serves over 500000 customers , primarily west central ohio , through its operating subsidiaries dp&l and dpl energy resources ( 201cdpler 201d ) . additionally , dpl operates over 3800 mw of power generation facilities and provides competitive retail energy services to residential , commercial , industrial and governmental customers . the acquisition strengthens the company 2019s u.s . utility operations by expanding in the midwest and pjm , a regional transmission organization serving several eastern states as part of the eastern interconnection . the company expects to benefit from the regional scale provided by indianapolis power & light company , its nearby integrated utility business in indiana . aes funded the aggregate purchase consideration through a combination of the following : 2022 the proceeds from a $ 1.05 billion term loan obtained in may 2011 ; 2022 the proceeds from a private offering of $ 1.0 billion notes in june 2011 ; 2022 temporary borrowings of $ 251 million under its revolving credit facility ; and 2022 the proceeds from private offerings of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( collectively , the 201cnotes 201d ) in october 2011 by dolphin subsidiary ii , inc . ( 201cdolphin ii 201d ) , a wholly-owned special purpose indirect subsidiary of aes , which was merged into dpl upon the completion of acquisition . the fair value of the consideration paid for dpl was as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>agreed enterprise value</td><td>$ 4719</td></tr><tr><td>2</td><td>less : fair value of assumed long-term debt outstanding net</td><td>-1255 ( 1255 )</td></tr><tr><td>3</td><td>cash consideration paid to dpl 2019s common stockholders</td><td>3464</td></tr><tr><td>4</td><td>add : cash paid for outstanding stock-based awards</td><td>19</td></tr><tr><td>5</td><td>total cash consideration paid</td><td>$ 3483</td></tr></table> .\nQuestion: what was the value of acquisition?\nAnswer: 3.5\nQuestion: what is that times 1000?\n"
},
{
"role": "agent",
"content": "3500.0"
}
] |
CONVFINQA978
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where 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 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 . compensation for work-related accidents is governed by the federal employers 2019 liability act ( fela ) . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . our personal injury liability activity was as follows : millions of dollars 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 619</td><td>$ 639</td><td>$ 619</td></tr><tr><td>3</td><td>accruals</td><td>240</td><td>247</td><td>288</td></tr><tr><td>4</td><td>payments</td><td>-228 ( 228 )</td><td>-267 ( 267 )</td><td>-268 ( 268 )</td></tr><tr><td>5</td><td>ending balance at december 31</td><td>$ 631</td><td>$ 619</td><td>$ 639</td></tr><tr><td>6</td><td>current portion ending balance at december 31</td><td>$ 233</td><td>$ 274</td><td>$ 274</td></tr></table> our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims . personal injury accruals were higher in 2004 due to a 1998 crossing accident verdict upheld in 2004 and a 2004 derailment near san antonio . asbestos 2013 we are a defendant in a number of lawsuits in which current and former employees allege exposure to asbestos . additionally , we have received claims for asbestos exposure that have not been litigated . the claims and lawsuits ( collectively referred to as 201cclaims 201d ) allege occupational illness resulting from exposure to asbestos- containing products . in most cases , the claimants do not have credible medical evidence of physical impairment resulting from the alleged exposures . additionally , most claims filed against us do not specify an amount of alleged damages . during 2004 , we engaged a third party with extensive experience in estimating resolution costs for asbestos- related claims to assist us in assessing the number and value of these unasserted claims through 2034 , based on our average claims experience over a multi-year period . as a result , we increased our liability in 2004 for asbestos- related claims in the fourth quarter of 2004 . the liability for resolving both asserted and unasserted claims was based on the following assumptions : 2022 the number of future claims received would be consistent with historical averages . 2022 the number of claims filed against us will decline each year . 2022 the average settlement values for asserted and unasserted claims will be equivalent to historical averages . 2022 the percentage of claims dismissed in the future will be equivalent to historical averages. .\nQuestion: what was the net change in personal injury liability in 2006?\n"
},
{
"role": "agent",
"content": "12.0"
}
] |
CONVFINQA2166
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\napproximately $ 32 million of federal tax payments were deferred and paid in 2009 as a result of the allied acquisition . the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 242.2</td><td>$ 611.9</td><td>$ 23.2</td></tr><tr><td>3</td><td>additions due to the allied acquisition</td><td>-</td><td>13.3</td><td>582.9</td></tr><tr><td>4</td><td>additions based on tax positions related to current year</td><td>2.8</td><td>3.9</td><td>10.6</td></tr><tr><td>5</td><td>reductions for tax positions related to the current year</td><td>-</td><td>-</td><td>-5.1 ( 5.1 )</td></tr><tr><td>6</td><td>additions for tax positions of prior years</td><td>7.5</td><td>5.6</td><td>2.0</td></tr><tr><td>7</td><td>reductions for tax positions of prior years</td><td>-7.4 ( 7.4 )</td><td>-24.1 ( 24.1 )</td><td>-1.3 ( 1.3 )</td></tr><tr><td>8</td><td>reductions for tax positions resulting from lapse of statute of limitations</td><td>-10.4 ( 10.4 )</td><td>-0.5 ( 0.5 )</td><td>-0.4 ( 0.4 )</td></tr><tr><td>9</td><td>settlements</td><td>-11.9 ( 11.9 )</td><td>-367.9 ( 367.9 )</td><td>-</td></tr><tr><td>10</td><td>balance at end of year</td><td>$ 222.8</td><td>$ 242.2</td><td>$ 611.9</td></tr></table> new accounting guidance for business combinations became effective for our 2009 financial statements . this new guidance changed the treatment of acquired uncertain tax liabilities . under previous guidance , changes in acquired uncertain tax liabilities were recognized through goodwill . under the new guidance , subsequent changes in acquired unrecognized tax liabilities are recognized through the income tax provision . as of december 31 , 2010 , $ 206.5 million of the $ 222.8 million of unrecognized tax benefits related to tax positions taken by allied prior to the 2008 acquisition . included in the balance at december 31 , 2010 and 2009 are approximately $ 209.1 million and $ 217.6 million of unrecognized tax benefits ( net of the federal benefit on state issues ) that , if recognized , would affect the effective income tax rate in future periods . during 2010 , the irs concluded its examination of our 2005 and 2007 tax years . the conclusion of this examination reduced our gross unrecognized tax benefits by approximately $ 1.9 million . we also resolved various state matters during 2010 that , in the aggregate , reduced our gross unrecognized tax benefits by approximately $ 10.0 million . during 2009 , we settled our outstanding tax dispute related to allied 2019s risk management companies ( see 2013 risk management companies ) with both the department of justice ( doj ) and the internal revenue service ( irs ) . this settlement reduced our gross unrecognized tax benefits by approximately $ 299.6 million . during 2009 , we also settled with the irs , through an accounting method change , our outstanding tax dispute related to intercompany insurance premiums paid to allied 2019s captive insurance company . this settlement reduced our gross unrecognized tax benefits by approximately $ 62.6 million . in addition to these federal matters , we also resolved various state matters that , in the aggregate , reduced our gross unrecognized tax benefits during 2009 by approximately $ 5.8 million . we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income . related to the unrecognized tax benefits previously noted , we accrued interest of $ 19.2 million during 2010 and , in total as of december 31 , 2010 , have recognized a liability for penalties of $ 1.2 million and interest of $ 99.9 million . during 2009 , we accrued interest of $ 24.5 million and , in total at december 31 , 2009 , had recognized a liability for penalties of $ 1.5 million and interest of $ 92.3 million . during 2008 , we accrued penalties of $ 0.2 million and interest of $ 5.2 million and , in total at december 31 , 2008 , had recognized a liability for penalties of $ 88.1 million and interest of $ 180.0 million . republic services , inc . notes to consolidated financial statements , continued .\nQuestion: what was the change in gross unrecognized tax benefits from 2009 to 2010?\n"
},
{
"role": "agent",
"content": "-19.4"
}
] |
CONVFINQA3600
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nireland . holdings ireland , everest dublin holdings , ireland re and ireland insurance conduct business in ireland and are subject to taxation in ireland . aavailable information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public and private debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2018</td><td>$ 1800.2</td></tr><tr><td>4</td><td>2017</td><td>1472.6</td></tr><tr><td>5</td><td>2016</td><td>301.2</td></tr><tr><td>6</td><td>2015</td><td>53.8</td></tr><tr><td>7</td><td>2014</td><td>56.3</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .\nQuestion: what is the value of pre-tax catastrophe losses in 2018?\n"
},
{
"role": "agent",
"content": "1800.2"
}
] |
CONVFINQA1782
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nliquidity and capital resources as of december 31 , 2006 , our principal sources of liquidity included cash , cash equivalents , the sale of receivables , and our revolving credit facilities , as well as the availability of commercial paper and other sources of financing through the capital markets . we had $ 2 billion of committed credit facilities available , of which there were no borrowings outstanding as of december 31 , 2006 , and we did not make any short-term borrowings under these facilities during the year . the value of the outstanding undivided interest held by investors under the sale of receivables program was $ 600 million as of december 31 , 2006 . the sale of receivables program is subject to certain requirements , including the maintenance of an investment grade bond rating . if our bond rating were to deteriorate , it could have an adverse impact on our liquidity . access to commercial paper is dependent on market conditions . deterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to utilize commercial paper as a source of liquidity . liquidity through the capital markets is also dependent on our financial stability . at both december 31 , 2006 and 2005 , we had a working capital deficit of approximately $ 1.1 billion . a working capital deficit is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources to meet our daily cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . financial condition cash flows millions of dollars 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>cash flowsmillions of dollars</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 2880</td><td>$ 2595</td><td>$ 2257</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-2042 ( 2042 )</td><td>-2047 ( 2047 )</td><td>-1732 ( 1732 )</td></tr><tr><td>4</td><td>cash used in financing activities</td><td>-784 ( 784 )</td><td>-752 ( 752 )</td><td>-75 ( 75 )</td></tr><tr><td>5</td><td>net change in cash and cash equivalents</td><td>$ 54</td><td>$ -204 ( 204 )</td><td>$ 450</td></tr></table> cash provided by operating activities 2013 higher income in 2006 generated the increased cash provided by operating activities , which was partially offset by higher income tax payments , $ 150 million in voluntary pension contributions , higher material and supply inventories , and higher management incentive payments in 2006 . higher income , lower management incentive payments in 2005 ( executive bonuses , which would have been paid to individuals in 2005 , were not awarded based on company performance in 2004 and bonuses for the professional workforce that were paid out in 2005 were significantly reduced ) , and working capital performance generated higher cash from operating activities in 2005 . a voluntary pension contribution of $ 100 million in 2004 also augmented the positive year-over-year variance in 2005 as no pension contribution was made in 2005 . this improvement was partially offset by cash received in 2004 for income tax refunds . cash used in investing activities 2013 an insurance settlement for the 2005 january west coast storm and lower balances for work in process decreased the amount of cash used in investing activities in 2006 . higher capital investments and lower proceeds from asset sales partially offset this decrease . increased capital spending , partially offset by higher proceeds from asset sales , increased the amount of cash used in investing activities in 2005 compared to 2004 . cash used in financing activities 2013 the increase in cash used in financing activities primarily resulted from lower net proceeds from equity compensation plans ( $ 189 million in 2006 compared to $ 262 million in 2005 ) . the increase in 2005 results from debt issuances in 2004 and higher debt repayments in 2005 . we did not issue debt in 2005 versus $ 745 million of debt issuances in 2004 , and we repaid $ 699 million of debt in 2005 compared to $ 588 million in 2004 . the higher outflows in 2005 were partially offset by higher net proceeds from equity compensation plans ( $ 262 million in 2005 compared to $ 80 million in 2004 ) . .\nQuestion: what was the amount of cash provided by operating activities in 2006?\nAnswer: 2880.0\nQuestion: what was the value in 2005?\nAnswer: 2595.0\nQuestion: what is the net change in value?\n"
},
{
"role": "agent",
"content": "285.0"
}
] |
CONVFINQA10118
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n13 . pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries . as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s . defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest . however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula . for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula . in addition , the company provides medical benefits , principally to its eligible u.s . retirees and their dependents , through its other postretirement benefit plans . the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans . net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: . <table class='wikitable'><tr><td>1</td><td>years ended december 31</td><td>pension benefits 2013</td><td>pension benefits 2012</td><td>pension benefits 2011</td><td>pension benefits 2013</td><td>pension benefits 2012</td><td>2011</td></tr><tr><td>2</td><td>service cost</td><td>$ 682</td><td>$ 555</td><td>$ 619</td><td>$ 102</td><td>$ 82</td><td>$ 110</td></tr><tr><td>3</td><td>interest cost</td><td>665</td><td>661</td><td>718</td><td>107</td><td>121</td><td>141</td></tr><tr><td>4</td><td>expected return on plan assets</td><td>-1097 ( 1097 )</td><td>-970 ( 970 )</td><td>-972 ( 972 )</td><td>-126 ( 126 )</td><td>-136 ( 136 )</td><td>-142 ( 142 )</td></tr><tr><td>5</td><td>net amortization</td><td>336</td><td>185</td><td>201</td><td>-50 ( 50 )</td><td>-35 ( 35 )</td><td>-17 ( 17 )</td></tr><tr><td>6</td><td>termination benefits</td><td>58</td><td>27</td><td>59</td><td>50</td><td>18</td><td>29</td></tr><tr><td>7</td><td>curtailments</td><td>-23 ( 23 )</td><td>-10 ( 10 )</td><td>-86 ( 86 )</td><td>-11 ( 11 )</td><td>-7 ( 7 )</td><td>1</td></tr><tr><td>8</td><td>settlements</td><td>23</td><td>18</td><td>4</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>9</td><td>net periodic benefit cost</td><td>$ 644</td><td>$ 466</td><td>$ 543</td><td>$ 72</td><td>$ 43</td><td>$ 122</td></tr></table> the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate . the net periodic benefit cost attributable to u.s . pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck . also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans . in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans . table of contents .\nQuestion: what was the service cost in 2013?\n"
},
{
"role": "agent",
"content": "682.0"
}
] |
CONVFINQA4429
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfederal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... . additions during period 2014depreciation and amortization expense .................................................................... . deductions during period 2014disposition and retirements of property ................................................................. . balance , december 31 , 2009................................................................................................................................... . additions during period 2014depreciation and amortization expense .................................................................... . deductions during period 2014disposition and retirements of property ................................................................. . balance , december 31 , 2010................................................................................................................................... . additions during period 2014depreciation and amortization expense .................................................................... . deductions during period 2014disposition and retirements of property ................................................................. . balance , december 31 , 2011................................................................................................................................... . $ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 . <table class='wikitable'><tr><td>1</td><td>balance december 31 2008</td><td>$ 846258</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>103698</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>4</td><td>balance december 31 2009</td><td>938087</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>108261</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11144 ( 11144 )</td></tr><tr><td>7</td><td>balance december 31 2010</td><td>1035204</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>114180</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-21796 ( 21796 )</td></tr><tr><td>10</td><td>balance december 31 2011</td><td>$ 1127588</td></tr></table> federal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... . additions during period 2014depreciation and amortization expense .................................................................... . deductions during period 2014disposition and retirements of property ................................................................. . balance , december 31 , 2009................................................................................................................................... . additions during period 2014depreciation and amortization expense .................................................................... . deductions during period 2014disposition and retirements of property ................................................................. . balance , december 31 , 2010................................................................................................................................... . additions during period 2014depreciation and amortization expense .................................................................... . deductions during period 2014disposition and retirements of property ................................................................. . balance , december 31 , 2011................................................................................................................................... . $ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 .\nQuestion: what was the value in 2009?\nAnswer: 108261.0\nQuestion: what was the value in 2008?\n"
},
{
"role": "agent",
"content": "103698.0"
}
] |
CONVFINQA9023
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements the valuation allowance increased from $ 47.8 million as of december 31 , 2009 to $ 48.2 million as of december 31 , 2010 . the increase was primarily due to valuation allowances on foreign loss carryforwards . at december 31 , 2010 , the company has provided a valuation allowance of approximately $ 48.2 million which primarily relates to state net operating loss carryforwards , equity investments and foreign items . the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient taxable income to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period . valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability . the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing projections based on its current operations . the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period . accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions . based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized . the company 2019s deferred tax assets as of december 31 , 2010 and 2009 in the table above do not include $ 122.1 million and $ 113.9 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses . total stockholders 2019 equity as of december 31 , 2010 will be increased by $ 122.1 million if and when any such excess tax benefits are ultimately realized . at december 31 , 2010 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.2 billion , including losses related to employee stock options of $ 0.3 billion . if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>federal</td><td>state</td><td>foreign</td></tr><tr><td>2</td><td>2011 to 2015</td><td>$ 2014</td><td>$ 2014</td><td>$ 503</td></tr><tr><td>3</td><td>2016 to 2020</td><td>2014</td><td>331315</td><td>5509</td></tr><tr><td>4</td><td>2021 to 2025</td><td>774209</td><td>576780</td><td>2014</td></tr><tr><td>5</td><td>2026 to 2030</td><td>423398</td><td>279908</td><td>92412</td></tr><tr><td>6</td><td>total</td><td>$ 1197607</td><td>$ 1188003</td><td>$ 98424</td></tr></table> in addition , the company has mexican tax credits of $ 5.2 million which if not utilized would expire in 2017. .\nQuestion: what was the total value of federal operating loss carryforwards?\nAnswer: 1197607.0\nQuestion: what was the total value of state operating loss carryforwards?\nAnswer: 1188003.0\nQuestion: what is the sum of federal and state operating loss carryforwards?\n"
},
{
"role": "agent",
"content": "2385610.0"
}
] |
CONVFINQA273
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncustomer demand . this compared with 555000 tons of total downtime in 2006 of which 150000 tons related to lack-of-orders . printing papers in millions 2007 2006 2005 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>sales</td><td>$ 6530</td><td>$ 6700</td><td>$ 6980</td></tr><tr><td>3</td><td>operating profit</td><td>$ 1101</td><td>$ 636</td><td>$ 434</td></tr></table> north american printing papers net sales in 2007 were $ 3.5 billion compared with $ 4.4 billion in 2006 ( $ 3.5 billion excluding the coated and super- calendered papers business ) and $ 4.8 billion in 2005 ( $ 3.2 billion excluding the coated and super- calendered papers business ) . sales volumes decreased in 2007 versus 2006 partially due to reduced production capacity resulting from the conversion of the paper machine at the pensacola mill to the production of lightweight linerboard for our industrial packaging segment . average sales price realizations increased significantly , reflecting benefits from price increases announced throughout 2007 . lack-of-order downtime declined to 27000 tons in 2007 from 40000 tons in 2006 . operating earnings of $ 537 million in 2007 increased from $ 482 million in 2006 ( $ 407 million excluding the coated and supercalendered papers business ) and $ 175 million in 2005 ( $ 74 million excluding the coated and supercalendered papers business ) . the benefits from improved average sales price realizations more than offset the effects of higher input costs for wood , energy , and freight . mill operations were favorable compared with the prior year due to current-year improvements in machine performance and energy conservation efforts . sales volumes for the first quarter of 2008 are expected to increase slightly , and the mix of prod- ucts sold to improve . demand for printing papers in north america was steady as the quarter began . price increases for cut-size paper and roll stock have been announced that are expected to be effective principally late in the first quarter . planned mill maintenance outage costs should be about the same as in the fourth quarter ; however , raw material costs are expected to continue to increase , primarily for wood and energy . brazil ian papers net sales for 2007 of $ 850 mil- lion were higher than the $ 495 million in 2006 and the $ 465 million in 2005 . compared with 2006 , aver- age sales price realizations improved reflecting price increases for uncoated freesheet paper realized dur- ing the second half of 2006 and the first half of 2007 . excluding the impact of the luiz antonio acquisition , sales volumes increased primarily for cut size and offset paper . operating profits for 2007 of $ 246 mil- lion were up from $ 122 million in 2006 and $ 134 mil- lion in 2005 as the benefits from higher sales prices and favorable manufacturing costs were only parti- ally offset by higher input costs . contributions from the luiz antonio acquisition increased net sales by approximately $ 350 million and earnings by approx- imately $ 80 million in 2007 . entering 2008 , sales volumes for uncoated freesheet paper and pulp should be seasonally lower . average price realizations should be essentially flat , but mar- gins are expected to reflect a less favorable product mix . energy costs , primarily for hydroelectric power , are expected to increase significantly reflecting a lack of rainfall in brazil in the latter part of 2007 . european papers net sales in 2007 were $ 1.5 bil- lion compared with $ 1.3 billion in 2006 and $ 1.2 bil- lion in 2005 . sales volumes in 2007 were higher than in 2006 at our eastern european mills reflecting stronger market demand and improved efficiencies , but lower in western europe reflecting the closure of the marasquel mill in 2006 . average sales price real- izations increased significantly in 2007 in both east- ern and western european markets . operating profits of $ 214 million in 2007 increased from a loss of $ 16 million in 2006 and earnings of $ 88 million in 2005 . the loss in 2006 reflects the impact of a $ 128 million impairment charge to reduce the carrying value of the fixed assets at the saillat , france mill . excluding this charge , the improvement in 2007 compared with 2006 reflects the contribution from higher net sales , partially offset by higher input costs for wood , energy and freight . looking ahead to the first quarter of 2008 , sales volumes are expected to be stable in western europe , but seasonally weaker in eastern europe and russia . average price realizations are expected to remain about flat . wood costs are expected to increase , especially in russia due to strong demand ahead of tariff increases , and energy costs are anticipated to be seasonally higher . asian printing papers net sales were approx- imately $ 20 million in 2007 , compared with $ 15 mil- lion in 2006 and $ 10 million in 2005 . operating earnings increased slightly in 2007 , but were close to breakeven in all periods . u.s . market pulp sales in 2007 totaled $ 655 mil- lion compared with $ 510 million and $ 525 million in 2006 and 2005 , respectively . sales volumes in 2007 were up from 2006 levels , primarily for paper and .\nQuestion: what were the net sales in 2006 for north american printing papers?\n"
},
{
"role": "agent",
"content": "4.4"
}
] |
CONVFINQA7449
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nechostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp . the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors . during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively . 401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees . voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee . matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended . these contributions may be made in cash or in echostar stock . forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions . expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively . 9 . commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2003</td><td>$ 17274</td></tr><tr><td>2</td><td>2004</td><td>14424</td></tr><tr><td>3</td><td>2005</td><td>11285</td></tr><tr><td>4</td><td>2006</td><td>7698</td></tr><tr><td>5</td><td>2007</td><td>3668</td></tr><tr><td>6</td><td>thereafter</td><td>1650</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>55999</td></tr></table> total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively . purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million . the majority of these commitments relate to echostar receiver systems and related components . all of the purchases related to these commitments are expected to be made during 2003 . echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations . patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers . echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe . damages in patent infringement cases can include a tripling of actual damages in certain cases . further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .\nQuestion: what was the rent expense in 2002?\nAnswer: 16.0\nQuestion: what was is in 2001?\nAnswer: 14.0\nQuestion: what is the net change?\n"
},
{
"role": "agent",
"content": "2.0"
}
] |
CONVFINQA1002
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nas a result of the transaction , we recognized a net gain of approximately $ 1.3 billion , including $ 1.2 billion recognized in 2016 . the net gain represents the $ 2.5 billion fair value of the shares of lockheed martin common stock exchanged and retired as part of the exchange offer , plus the $ 1.8 billion one-time special cash payment , less the net book value of the is&gs business of about $ 3.0 billion at august 16 , 2016 and other adjustments of about $ 100 million . in 2017 , we recognized an additional gain of $ 73 million , which reflects certain post-closing adjustments , including certain tax adjustments and the final determination of net working capital . we classified the operating results of our former is&gs business as discontinued operations in our consolidated financial statements in accordance with u.s . gaap , as the divestiture of this business represented a strategic shift that had a major effect on our operations and financial results . however , the cash flows generated by the is&gs business have not been reclassified in our consolidated statements of cash flows as we retained this cash as part of the transaction . the operating results , prior to the august 16 , 2016 divestiture date , of the is&gs business that have been reflected within net earnings from discontinued operations for the year ended december 31 , 2016 are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>net sales</td><td>$ 3410</td></tr><tr><td>2</td><td>cost of sales</td><td>-2953 ( 2953 )</td></tr><tr><td>3</td><td>severance charges</td><td>-19 ( 19 )</td></tr><tr><td>4</td><td>gross profit</td><td>438</td></tr><tr><td>5</td><td>other income net</td><td>16</td></tr><tr><td>6</td><td>operating profit</td><td>454</td></tr><tr><td>7</td><td>earnings from discontinued operations before income taxes</td><td>454</td></tr><tr><td>8</td><td>income tax expense</td><td>-147 ( 147 )</td></tr><tr><td>9</td><td>net gain on divestiture of discontinued operations</td><td>1205</td></tr><tr><td>10</td><td>net earnings from discontinued operations</td><td>$ 1512</td></tr></table> the operating results of the is&gs business reported as discontinued operations are different than the results previously reported for the is&gs business segment . results reported within net earnings from discontinued operations only include costs that were directly attributable to the is&gs business and exclude certain corporate overhead costs that were previously allocated to the is&gs business . as a result , we reclassified $ 82 million in 2016 of corporate overhead costs from the is&gs business to other unallocated , net on our consolidated statement of earnings . additionally , we retained all assets and obligations related to the pension benefits earned by former is&gs business salaried employees through the date of divestiture . therefore , the non-service portion of net pension costs ( e.g. , interest cost , actuarial gains and losses and expected return on plan assets ) for these plans have been reclassified from the operating results of the is&gs business segment and reported as a reduction to the fas/cas pension adjustment . these net pension costs were $ 54 million for the year ended december 31 , 2016 . the service portion of net pension costs related to is&gs business 2019s salaried employees that transferred to leidos were included in the operating results of the is&gs business classified as discontinued operations because such costs are no longer incurred by us . significant severance charges related to the is&gs business were historically recorded at the lockheed martin corporate office . these charges have been reclassified into the operating results of the is&gs business , classified as discontinued operations , and excluded from the operating results of our continuing operations . the amount of severance charges reclassified were $ 19 million in 2016 . financial information related to cash flows generated by the is&gs business , such as depreciation and amortization , capital expenditures , and other non-cash items , included in our consolidated statement of cash flows for the years ended december 31 , 2016 were not significant. .\nQuestion: what is the operating profit margin in 2016?\n"
},
{
"role": "agent",
"content": "0.13314"
}
] |
CONVFINQA6415
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) unrealized gains and losses on cash flow hedges , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions . treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of stockholders 2019 equity . we reissue common stock held in treasury only for limited purposes . noncontrolling interest 2013 in 2011 , we made an investment in a company in which we acquired a controlling financial interest , but not 100 percent of the equity . in 2013 , we purchased additional shares of the company from the minority shareholders . further information related to the noncontrolling interests of that investment has not been provided as it is not significant to our consolidated financial statements . accounting pronouncements 2013 effective january 1 , 2013 , we adopted the fasb 2019s accounting standard updates ( asus ) requiring reporting of amounts reclassified out of accumulated other comprehensive income ( oci ) and balance sheet offsetting between derivative assets and liabilities . these asus only change financial statement disclosure requirements and therefore do not impact our financial position , results of operations or cash flows . see note 12 for disclosures relating to oci . see note 13 for disclosures relating to balance sheet offsetting . there are no other recently issued accounting pronouncements that we have not yet adopted that are expected to have a material effect on our financial position , results of operations or cash flows . 3 . share-based compensation our share-based payments primarily consist of stock options , restricted stock , restricted stock units ( rsus ) , and an employee stock purchase plan . share-based compensation expense is as follows ( 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>stock options</td><td>$ 24.7</td><td>$ 32.4</td><td>$ 41.7</td></tr><tr><td>3</td><td>rsus and other</td><td>23.8</td><td>22.6</td><td>18.8</td></tr><tr><td>4</td><td>total expense pre-tax</td><td>48.5</td><td>55.0</td><td>60.5</td></tr><tr><td>5</td><td>tax benefit related to awards</td><td>-15.6 ( 15.6 )</td><td>-16.6 ( 16.6 )</td><td>-17.8 ( 17.8 )</td></tr><tr><td>6</td><td>total expense net of tax</td><td>$ 32.9</td><td>$ 38.4</td><td>$ 42.7</td></tr></table> share-based compensation cost capitalized as part of inventory for the years ended december 31 , 2013 , 2012 and 2011 was $ 4.1 million , $ 6.1 million , and $ 8.8 million , respectively . as of december 31 , 2013 and 2012 , approximately $ 2.4 million and $ 3.3 million of capitalized costs remained in finished goods inventory . stock options we had two equity compensation plans in effect at december 31 , 2013 : the 2009 stock incentive plan ( 2009 plan ) and the stock plan for non-employee directors . the 2009 plan succeeded the 2006 stock incentive plan ( 2006 plan ) and the teamshare stock option plan ( teamshare plan ) . no further awards have been granted under the 2006 plan or under the teamshare plan since may 2009 , and shares remaining available for grant under those plans have been merged into the 2009 plan . vested and unvested stock options and unvested restricted stock and rsus previously granted under the 2006 plan , the teamshare plan and another prior plan , the 2001 stock incentive plan , remained outstanding as of december 31 , 2013 . we have reserved the maximum number of shares of common stock available for award under the terms of each of these plans . we have registered 57.9 million shares of common stock under these plans . the 2009 plan provides for the grant of nonqualified stock options and incentive stock options , long-term performance awards in the form of performance shares or units , restricted stock , rsus and stock appreciation rights . the compensation and management development committee of the board of directors determines the grant date for annual grants under our equity compensation plans . the date for annual grants under the 2009 plan to our executive officers is expected to occur in the first quarter of each year following the earnings announcements for the previous quarter and full year . the stock plan for non-employee directors provides for awards of stock options , restricted stock and rsus to non-employee directors . it has been our practice to issue shares of common stock upon exercise of stock options from previously unissued shares , except in limited circumstances where they are issued from treasury stock . the total number of awards which may be granted in a given year and/or over the life of the plan under each of our equity compensation plans is limited . at december 31 , 2013 , an aggregate of 10.4 million shares were available for future grants and awards under these plans . stock options granted to date under our plans generally vest over four years and generally have a maximum contractual life of 10 years . as established under our equity compensation plans , vesting may accelerate upon retirement after the first anniversary date of the award if certain criteria are met . we recognize expense related to stock options on a straight-line basis over the requisite service period , less awards expected to be forfeited using estimated forfeiture rates . due to the accelerated retirement provisions , the requisite service period of our stock options range from one to four years . stock options are granted with an exercise price equal to the market price of our common stock on the date of grant , except in limited circumstances where local law may dictate otherwise. .\nQuestion: what was the change in the share-based compensation expense from 2011 to 2012?\n"
},
{
"role": "agent",
"content": "-4.3"
}
] |
CONVFINQA3350
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 total balance of letters of credit outstanding for the years of 2006 and 2007, combined?\nAnswer: 93.4\nQuestion: and what was the average balance between those two years?\nAnswer: 46.7\nQuestion: and in that year of 2006, what was the interest expense?\nAnswer: 134.4\nQuestion: what was it in 2005?\n"
},
{
"role": "agent",
"content": "116.4"
}
] |
CONVFINQA9779
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 110 jpmorgan chase & co./2013 annual report 2012 compared with 2011 net loss was $ 2.0 billion , compared with a net income of $ 919 million in the prior year . private equity reported net income of $ 292 million , compared with net income of $ 391 million in the prior year . net revenue was $ 601 million , compared with $ 836 million in the prior year , due to lower unrealized and realized gains on private investments , partially offset by higher unrealized gains on public securities . noninterest expense was $ 145 million , down from $ 238 million in the prior year . treasury and cio reported a net loss of $ 2.1 billion , compared with net income of $ 1.3 billion in the prior year . net revenue was a loss of $ 3.1 billion , compared with net revenue of $ 3.2 billion in the prior year . the current year loss reflected $ 5.8 billion of losses incurred by cio from the synthetic credit portfolio for the six months ended june 30 , 2012 , and $ 449 million of losses from the retained index credit derivative positions for the three months ended september 30 , 2012 . these losses were partially offset by securities gains of $ 2.0 billion . the current year revenue reflected $ 888 million of extinguishment gains related to the redemption of trust preferred securities , which are included in all other income in the above table . the extinguishment gains were related to adjustments applied to the cost basis of the trust preferred securities during the period they were in a qualified hedge accounting relationship . net interest income was negative $ 683 million , compared with $ 1.4 billion in the prior year , primarily reflecting the impact of lower portfolio yields and higher deposit balances across the firm . other corporate reported a net loss of $ 221 million , compared with a net loss of $ 821 million in the prior year . noninterest revenue of $ 1.8 billion was driven by a $ 1.1 billion benefit for the washington mutual bankruptcy settlement , which is included in all other income in the above table , and a $ 665 million gain from the recovery on a bear stearns-related subordinated loan . noninterest expense of $ 3.8 billion was up $ 1.0 billion compared with the prior year . the current year included expense of $ 3.7 billion for additional litigation reserves , largely for mortgage-related matters . the prior year included expense of $ 3.2 billion for additional litigation reserves . treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities . cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs and htm investment securities portfolios ( the 201cinvestment securities portfolio 201d ) . cio also uses derivatives , as well as securities that are not classified as afs or htm , to meet the firm 2019s asset-liability management objectives . for further information on derivatives , see note 6 on pages 220 2013233 of this annual report . for further information about securities not classified within the afs or htm portfolio , see note 3 on pages 195 2013215 of this annual report . the treasury and cio investment securities portfolio primarily consists of u.s . and non-u.s . government securities , agency and non-agency mortgage-backed securities , other asset-backed securities , corporate debt securities and obligations of u.s . states and municipalities . at december 31 , 2013 , the total treasury and cio investment securities portfolio was $ 347.6 billion ; the average credit rating of the securities comprising the treasury and cio investment securities portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . see note 12 on pages 249 2013254 of this annual report for further information on the details of the firm 2019s investment securities portfolio . for further information on liquidity and funding risk , see liquidity risk management on pages 168 2013173 of this annual report . for information on interest rate , foreign exchange and other risks , treasury and cio value-at-risk ( 201cvar 201d ) and the firm 2019s structural interest rate-sensitive revenue at risk , see market risk management on pages 142 2013148 of this annual report . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2013 2012 2011 . <table class='wikitable'><tr><td>1</td><td>as of or for the year ended december 31 ( in millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>securities gains</td><td>$ 659</td><td>$ 2028</td><td>$ 1385</td></tr><tr><td>3</td><td>investment securities portfolio ( average )</td><td>353712</td><td>358029</td><td>330885</td></tr><tr><td>4</td><td>investment securities portfolio ( period 2013end ) ( a )</td><td>347562</td><td>365421</td><td>355605</td></tr><tr><td>5</td><td>mortgage loans ( average )</td><td>5145</td><td>10241</td><td>13006</td></tr><tr><td>6</td><td>mortgage loans ( period-end )</td><td>3779</td><td>7037</td><td>13375</td></tr></table> ( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 . held-to-maturity balances for the other periods were not material. .\nQuestion: what is the value of investment securities portfolio (average) in 2013 divided by 1000?\n"
},
{
"role": "agent",
"content": "347.562"
}
] |
CONVFINQA4842
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 32236 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26039 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network . our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination . effective january 1 , 2018 , the company reclassified its six commodity groups into four : agricultural products , energy , industrial , and premium . the following table represents a disaggregation of our freight and other revenues: . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>agricultural products</td><td>$ 4469</td><td>$ 4303</td><td>$ 4209</td></tr><tr><td>3</td><td>energy</td><td>4608</td><td>4498</td><td>3715</td></tr><tr><td>4</td><td>industrial</td><td>5679</td><td>5204</td><td>4964</td></tr><tr><td>5</td><td>premium</td><td>6628</td><td>5832</td><td>5713</td></tr><tr><td>6</td><td>total freight revenues</td><td>$ 21384</td><td>$ 19837</td><td>$ 18601</td></tr><tr><td>7</td><td>other subsidiary revenues</td><td>881</td><td>885</td><td>814</td></tr><tr><td>8</td><td>accessorial revenues</td><td>502</td><td>458</td><td>455</td></tr><tr><td>9</td><td>other</td><td>65</td><td>60</td><td>71</td></tr><tr><td>10</td><td>total operating revenues</td><td>$ 22832</td><td>$ 21240</td><td>$ 19941</td></tr></table> although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are freight revenues from our mexico business which amounted to $ 2.5 billion in 2018 , $ 2.3 billion in 2017 , and $ 2.2 billion in 2016 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash , cash equivalents and restricted cash 2013 cash equivalents consist of investments with original maturities of three months or less . amounts included in restricted cash represent those required to be set aside by contractual agreement. .\nQuestion: what is the revenue from industrial segement in 2018?\nAnswer: 5679.0\nQuestion: what about in 2017?\nAnswer: 5204.0\nQuestion: what is the growth rate in 2018 compare to 2017?\nAnswer: 1.09128\nQuestion: what would the 2019 revenue be?\n"
},
{
"role": "agent",
"content": "6197.35607"
}
] |
CONVFINQA9159
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 192 jpmorgan chase & co . / 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit . implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator . should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln . expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders . the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation . the variability to be considered in the modeling of expected losses is based on the design of the enti- ty . the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term . under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs . in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary . from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence . instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter . as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model . specifically , risk ratings and loss given default assumptions are continually updated . the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively . management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults . qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market . the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase . consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value . december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) . <table class='wikitable'><tr><td>1</td><td>( in billions except ratios )</td><td>reported</td><td>pro forma ( a ) ( b )</td></tr><tr><td>2</td><td>assets</td><td>$ 2175.1</td><td>$ 2218.2</td></tr><tr><td>3</td><td>liabilities</td><td>2008.2</td><td>2051.3</td></tr><tr><td>4</td><td>tier 1 capital ratio</td><td>10.9% ( 10.9 % )</td><td>10.9% ( 10.9 % )</td></tr><tr><td>5</td><td>tier 1 leverage ratio</td><td>6.9</td><td>6.8</td></tr></table> ( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation . if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) . the fair value of the assets is primarily based upon pricing for comparable transactions . the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions . ( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio . the firm could fund purchases of assets from vies should it become necessary . 2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility . the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement . during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired . impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note . on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits . it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures . because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits . the structured cdo assets were transferred to the firm at .\nQuestion: what is tier 1 capital ratio?\n"
},
{
"role": "agent",
"content": "10.9"
}
] |
CONVFINQA3344
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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: as of december 31, 2008, what was the amount of future minimum lease payments for operating and capital leases that was due in 2009?\nAnswer: 845.0\nQuestion: and what was the total of those payments?\nAnswer: 7807.0\nQuestion: what percentage, then, does that amount represent in relation to this total?\nAnswer: 0.10824\nQuestion: and concerning the rent expense for operating leases, how much did the ones with terms exceeding one month in that same year of 2008 represent in relation to the ones under the same conditions in 2007?\n"
},
{
"role": "agent",
"content": "0.92222"
}
] |
CONVFINQA7557
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwestrock company notes to consolidated financial statements 2014 ( continued ) consistent with prior years , we consider a portion of our earnings from certain foreign subsidiaries as subject to repatriation and we provide for taxes accordingly . however , we consider the unremitted earnings and all other outside basis differences from all other foreign subsidiaries to be indefinitely reinvested . accordingly , we have not provided for any taxes that would be due . as of september 30 , 2019 , we estimate our outside basis difference in foreign subsidiaries that are considered indefinitely reinvested to be approximately $ 1.6 billion . the components of the outside basis difference are comprised of purchase accounting adjustments , undistributed earnings , and equity components . except for the portion of our earnings from certain foreign subsidiaries where we provided for taxes , we have not provided for any taxes that would be due upon the reversal of the outside basis differences . however , in the event of a distribution in the form of dividends or dispositions of the subsidiaries , we may be subject to incremental u.s . income taxes , subject to an adjustment for foreign tax credits , and withholding taxes or income taxes payable to the foreign jurisdictions . as of september 30 , 2019 , the determination of the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis differences is not practicable . a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>balance at beginning of fiscal year</td><td>$ 127.1</td><td>$ 148.9</td><td>$ 166.8</td></tr><tr><td>3</td><td>additions related to purchase accounting ( 1 )</td><td>1.0</td><td>3.4</td><td>7.7</td></tr><tr><td>4</td><td>additions for tax positions taken in current year ( 2 )</td><td>103.8</td><td>3.1</td><td>5.0</td></tr><tr><td>5</td><td>additions for tax positions taken in prior fiscal years</td><td>1.8</td><td>18.0</td><td>15.2</td></tr><tr><td>6</td><td>reductions for tax positions taken in prior fiscal years</td><td>( 0.5 )</td><td>( 5.3 )</td><td>( 25.6 )</td></tr><tr><td>7</td><td>reductions due to settlement ( 3 )</td><td>( 4.0 )</td><td>( 29.4 )</td><td>( 14.1 )</td></tr><tr><td>8</td><td>( reductions ) additions for currency translation adjustments</td><td>-1.7 ( 1.7 )</td><td>-9.6 ( 9.6 )</td><td>2.0</td></tr><tr><td>9</td><td>reductions as a result of a lapse of the applicable statute oflimitations</td><td>( 3.2 )</td><td>( 2.0 )</td><td>( 8.1 )</td></tr><tr><td>10</td><td>balance at end of fiscal year</td><td>$ 224.3</td><td>$ 127.1</td><td>$ 148.9</td></tr></table> ( 1 ) amounts in fiscal 2019 relate to the kapstone acquisition . amounts in fiscal 2018 and 2017 relate to the mps acquisition . ( 2 ) additions for tax positions taken in current fiscal year includes primarily positions taken related to foreign subsidiaries . ( 3 ) amounts in fiscal 2019 relate to the settlements of state and foreign audit examinations . amounts in fiscal 2018 relate to the settlement of state audit examinations and federal and state amended returns filed related to affirmative adjustments for which there was a reserve . amounts in fiscal 2017 relate to the settlement of federal and state audit examinations with taxing authorities . as of september 30 , 2019 and 2018 , the total amount of unrecognized tax benefits was approximately $ 224.3 million and $ 127.1 million , respectively , exclusive of interest and penalties . of these balances , as of september 30 , 2019 and 2018 , if we were to prevail on all unrecognized tax benefits recorded , approximately $ 207.5 million and $ 108.7 million , respectively , would benefit the effective tax rate . we regularly evaluate , assess and adjust the related liabilities in light of changing facts and circumstances , which could cause the effective tax rate to fluctuate from period to period . resolution of the uncertain tax positions could have a material adverse effect on our cash flows or materially benefit our results of operations in future periods depending upon their ultimate resolution . see 201cnote 18 . commitments and contingencies 2014 brazil tax liability 201d we recognize estimated interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of income . as of september 30 , 2019 , we had liabilities of $ 80.0 million related to estimated interest and penalties for unrecognized tax benefits . as of september 30 , 2018 , we had liabilities of $ 70.4 million , related to estimated interest and penalties for unrecognized tax benefits . our results of operations for the fiscal year ended september 30 , 2019 , 2018 and 2017 include expense of $ 9.7 million , $ 5.8 million and $ 7.4 million , respectively , net of indirect benefits , related to estimated interest and penalties with respect to the liability for unrecognized tax benefits . as of september 30 , 2019 , it is reasonably possible that our unrecognized tax benefits will decrease by up to $ 8.7 million in the next twelve months due to expiration of various statues of limitations and settlement of issues. .\nQuestion: what was the total balance in 2019?\nAnswer: 224.3\nQuestion: and what was it in 2018?\nAnswer: 127.1\nQuestion: what was, then, the change over the year?\nAnswer: 97.2\nQuestion: and how much does this change represent in relation to the total balance in 2018, in percentage?\n"
},
{
"role": "agent",
"content": "0.76475"
}
] |
CONVFINQA8052
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncorporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>general and administrative expense</td><td>$ -80.9 ( 80.9 )</td><td>$ -70.1 ( 70.1 )</td></tr><tr><td>3</td><td>defined benefit plan income</td><td>2.9</td><td>6.1</td></tr><tr><td>4</td><td>defined benefit plan recognition of actuarial losses</td><td>-1.9 ( 1.9 )</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>norcraft transaction costs ( a )</td><td>2014</td><td>-15.1 ( 15.1 )</td></tr><tr><td>6</td><td>total corporate expenses</td><td>$ -79.9 ( 79.9 )</td><td>$ -81.6 ( 81.6 )</td></tr></table> ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans . at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year . remeasurements due to plan amendments and settlements may also occur in interim periods during the year . remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .\nQuestion: what was the general and administrative expense in 2016?\nAnswer: 80.9\nQuestion: and what was it in 2015?\nAnswer: 70.1\nQuestion: what was, then, the change over the year?\nAnswer: 10.8\nQuestion: and what percentage does this change represent in relation to to the 2015 expense?\nAnswer: 0.15407\nQuestion: in that same year of 2015, how much did the defined benefit plan income represent in relation to the defined benefit plan recognition of actuarial losses?\n"
},
{
"role": "agent",
"content": "-2.44"
}
] |
CONVFINQA6520
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents capital deployment program will be subject to market and economic conditions , applicable legal requirements and other relevant factors . our capital deployment program does not obligate us to continue a dividend for any fixed period , and payment of dividends may be suspended at any time at our discretion . stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing . the following stock performance graph compares our cumulative total stockholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2015 . the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends . the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/9/2013</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td></tr><tr><td>2</td><td>american airlines group inc .</td><td>$ 100</td><td>$ 103</td><td>$ 219</td><td>$ 175</td></tr><tr><td>3</td><td>amex airline index</td><td>100</td><td>102</td><td>152</td><td>127</td></tr><tr><td>4</td><td>s&p 500</td><td>100</td><td>102</td><td>114</td><td>113</td></tr></table> purchases of equity securities by the issuer and affiliated purchasers since july 2014 , our board of directors has approved several share repurchase programs aggregating $ 7.0 billion of authority of which , as of december 31 , 2015 , $ 2.4 billion remained unused under repurchase programs .\nQuestion: what was the change on the amex airline index from 2013 to 2014?\n"
},
{
"role": "agent",
"content": "50.0"
}
] |
CONVFINQA1714
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 investment in retail store leases 2014 the company has interests in various retail store leases relating to the anchor store premises in neighborhood and community shopping centers . these premises have been sublet to retailers who lease the stores pursuant to net lease agreements . income from the investment in these retail store leases during the years ended december 31 , 2010 , 2009 and 2008 , was approximately $ 1.6 million , $ 0.8 million and $ 2.7 million , respectively . these amounts represent sublease revenues during the years ended december 31 , 2010 , 2009 and 2008 , of approximately $ 5.9 million , $ 5.2 million and $ 7.1 million , respectively , less related expenses of $ 4.3 million , $ 4.4 million and $ 4.4 million , respectively . the company 2019s future minimum revenues under the terms of all non-cancelable tenant subleases and future minimum obligations through the remaining terms of its retail store leases , assuming no new or renegotiated leases are executed for such premises , for future years are as follows ( in millions ) : 2011 , $ 5.2 and $ 3.4 ; 2012 , $ 4.1 and $ 2.6 ; 2013 , $ 3.8 and $ 2.3 ; 2014 , $ 2.9 and $ 1.7 ; 2015 , $ 2.1 and $ 1.3 , and thereafter , $ 2.8 and $ 1.6 , respectively . leveraged lease 2014 during june 2002 , the company acquired a 90% ( 90 % ) equity participation interest in an existing leveraged lease of 30 properties . the properties are leased under a long-term bond-type net lease whose primary term expires in 2016 , with the lessee having certain renewal option rights . the company 2019s cash equity investment was approximately $ 4.0 million . this equity investment is reported as a net investment in leveraged lease in accordance with the fasb 2019s lease guidance . as of december 31 , 2010 , 18 of these properties were sold , whereby the proceeds from the sales were used to pay down the mortgage debt by approximately $ 31.2 million and the remaining 12 properties were encumbered by third-party non-recourse debt of approximately $ 33.4 million that is scheduled to fully amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease . as an equity participant in the leveraged lease , the company has no recourse obligation for principal or interest payments on the debt , which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease . accordingly , this obligation has been offset against the related net rental receivable under the lease . at december 31 , 2010 and 2009 , the company 2019s net investment in the leveraged lease consisted of the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>remaining net rentals</td><td>$ 37.6</td><td>$ 44.1</td></tr><tr><td>3</td><td>estimated unguaranteed residual value</td><td>31.7</td><td>31.7</td></tr><tr><td>4</td><td>non-recourse mortgage debt</td><td>-30.1 ( 30.1 )</td><td>-34.5 ( 34.5 )</td></tr><tr><td>5</td><td>unearned and deferred income</td><td>-34.2 ( 34.2 )</td><td>-37.0 ( 37.0 )</td></tr><tr><td>6</td><td>net investment in leveraged lease</td><td>$ 5.0</td><td>$ 4.3</td></tr></table> 10 . variable interest entities : consolidated operating properties 2014 included within the company 2019s consolidated operating properties at december 31 , 2010 are four consolidated entities that are vies and for which the company is the primary beneficiary . all of these entities have been established to own and operate real estate property . the company 2019s involvement with these entities is through its majority ownership of the properties . these entities were deemed vies primarily based on the fact that the voting rights of the equity investors are not proportional to their obligation to absorb expected losses or receive the expected residual returns of the entity and substantially all of the entity 2019s activities are conducted on behalf of the investor which has disproportionately fewer voting rights . the company determined that it was the primary beneficiary of these vies as a result of its controlling financial interest . during 2010 , the company sold two consolidated vie 2019s which the company was the primary beneficiary. .\nQuestion: what was sublease revenue in 2010?\nAnswer: 5.9\nQuestion: what was it in 2009?\n"
},
{
"role": "agent",
"content": "5.2"
}
] |
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