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CONVFINQA3598
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following is a list of distribution locations including the approximate square footage and if the location is leased or owned: . <table class='wikitable'><tr><td>1</td><td>distribution facility location</td><td>approximate square footage</td><td>owned/leased facility</td></tr><tr><td>2</td><td>frankfort new york ( a )</td><td>924000</td><td>owned</td></tr><tr><td>3</td><td>franklin kentucky</td><td>833000</td><td>owned</td></tr><tr><td>4</td><td>pendleton indiana</td><td>764000</td><td>owned</td></tr><tr><td>5</td><td>macon georgia</td><td>684000</td><td>owned</td></tr><tr><td>6</td><td>waco texas</td><td>666000</td><td>owned</td></tr><tr><td>7</td><td>casa grande arizona</td><td>650000</td><td>owned</td></tr><tr><td>8</td><td>hagerstown maryland ( b )</td><td>482000</td><td>owned</td></tr><tr><td>9</td><td>hagerstown maryland ( b )</td><td>309000</td><td>leased</td></tr><tr><td>10</td><td>waverly nebraska</td><td>592000</td><td>owned</td></tr><tr><td>11</td><td>seguin texas ( c )</td><td>71000</td><td>owned</td></tr><tr><td>12</td><td>lakewood washington</td><td>64000</td><td>leased</td></tr><tr><td>13</td><td>longview texas ( c )</td><td>63000</td><td>owned</td></tr></table> longview , texas ( c ) 63000 owned ( a ) the frankfort , new york , distribution center began receiving merchandise in fourth quarter of fiscal 2018 , and is expected to begin shipping merchandise to stores in the first quarter of fiscal 2019 . ( b ) the leased distribution center in hagerstown is treated as an extension of the existing owned hagerstown location and is not considered a separate distribution center . ( c ) this is a mixing center designed to process certain high-volume bulk products . the company 2019s store support center occupies approximately 260000 square feet of owned building space in brentwood , tennessee , and the company 2019s merchandising innovation center occupies approximately 32000 square feet of leased building space in nashville , tennessee . the company also leases approximately 8000 square feet of building space for the petsense corporate headquarters , located in scottsdale , arizona . item 3 . legal proceedings the company is involved in various litigation matters arising in the ordinary course of business . the company believes that any estimated loss related to such matters has been adequately provided for in accrued liabilities to the extent probable and reasonably estimable . accordingly , the company currently expects these matters will be resolved without material adverse effect on its consolidated financial position , results of operations or cash flows . item 4 . mine safety disclosures not applicable. .\nQuestion: what is the total combined square footage of the locations in seguin texas and longview texas?\nAnswer: 134000.0\nQuestion: and what is the square footage of the location in waco texas?\n"
},
{
"role": "agent",
"content": "666000.0"
}
] |
CONVFINQA5881
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis jpmorgan chase & co./2009 annual report 130 the following histogram illustrates the daily market risk 2013related gains and losses for ib and consumer/cio positions for 2009 . the chart shows that the firm posted market risk 2013related gains on 227 out of 261 days in this period , with 69 days exceeding $ 160 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence level var exceeded the actual loss on each of those days . losses were sustained on 34 days during 2009 and exceeded the var measure on one day due to high market volatility in the first quarter of 2009 . under the 95% ( 95 % ) confidence interval , the firm would expect to incur daily losses greater than that pre- dicted by var estimates about twelve times a year . the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in ( in millions ) jpmorgan chase credit spread . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>1 basis point increase in jpmorgan chase credit spread</td></tr><tr><td>2</td><td>december 31 2009</td><td>$ 39</td></tr><tr><td>3</td><td>december 31 2008</td><td>$ 37</td></tr></table> loss advisories and drawdowns loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discus- sion of remedies . economic value stress testing while var reflects the risk of loss due to adverse changes in normal markets , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm conducts economic- value stress tests using multiple scenarios that assume credit spreads widen significantly , equity prices decline and significant changes in interest rates across the major currencies . other scenar- ios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse movements in complex portfolios . scenarios were updated more frequently in 2009 and , in some cases , redefined to reflect the signifi- cant market volatility which began in late 2008 . along with var , stress testing is important in measuring and controlling risk . stress testing enhances the understanding of the firm 2019s risk profile and loss potential , and stress losses are monitored against limits . stress testing is also utilized in one-off approvals and cross-business risk measurement , as well as an input to economic capital allocation . stress-test results , trends and explanations based on current market risk positions are reported to the firm 2019s senior management and to the lines of business to help them better measure and manage risks and to understand event risk 2013sensitive positions. .\nQuestion: how many days were in the period?\nAnswer: 261.0\nQuestion: how many days did the firm post market risk 2013related gains?\nAnswer: 227.0\nQuestion: what is the difference?\n"
},
{
"role": "agent",
"content": "34.0"
}
] |
CONVFINQA7068
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfoodservice sales volumes increased in 2012 compared with 2011 . average sales margins were higher reflecting the realization of sales price increases for the pass-through of earlier cost increases . raw material costs for board and resins were lower . operating costs and distribution costs were both higher . the u.s . shorewood business was sold december 31 , 2011 and the non-u.s . business was sold in january looking ahead to the first quarter of 2013 , coated paperboard sales volumes are expected to increase slightly from the fourth quarter of 2012 . average sales price realizations are expected to be slightly lower , but margins should benefit from a more favorable product mix . input costs are expected to be higher for energy and wood . no planned main- tenance outages are scheduled in the first quarter . in january 2013 the company announced the perma- nent shutdown of a coated paperboard machine at the augusta mill with an annual capacity of 140000 tons . foodservice sales volumes are expected to increase . average sales margins are expected to decrease due to the realization of sales price decreases effective with our january contract open- ers . input costs for board and resin are expected to be lower and operating costs are also expected to decrease . european consumer packaging net sales in 2012 were $ 380 million compared with $ 375 million in 2011 and $ 345 million in 2010 . operating profits in 2012 were $ 99 million compared with $ 93 million in 2011 and $ 76 million in 2010 . sales volumes in 2012 increased from 2011 . average sales price realizations were higher in russian markets , but were lower in european markets . input costs decreased , primarily for wood , and planned maintenance downtime costs were lower in 2012 than in 2011 . looking forward to the first quarter of 2013 , sales volumes are expected to decrease in both europe and russia . average sales price realizations are expected to be higher in russia , but be more than offset by decreases in europe . input costs are expected to increase for wood and chemicals . no maintenance outages are scheduled for the first quarter . asian consumer packaging net sales were $ 830 million in 2012 compared with $ 855 million in 2011 and $ 705 million in 2010 . operating profits in 2012 were $ 4 million compared with $ 35 million in 2011 and $ 34 million in 2010 . sales volumes increased in 2012 compared with 2011 partially due to the start-up of a new coated paperboard machine . average sales price realizations were significantly lower , but were partially offset by lower input costs for purchased pulp . start-up costs for a new coated paperboard machine adversely impacted operating profits in 2012 . in the first quarter of 2013 , sales volumes are expected to increase slightly . average sales price realizations for folding carton board and bristols board are expected to be lower reflecting increased competitive pressures and seasonally weaker market demand . input costs should be higher for pulp and chemicals . however , costs related to the ramp-up of the new coated paperboard machine should be lower . 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 corpo- rate 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 . addition- ally , efficient customer service , cost-effective logis- tics 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>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>sales</td><td>$ 6040</td><td>$ 6630</td><td>$ 6735</td></tr><tr><td>3</td><td>operating profit</td><td>22</td><td>34</td><td>78</td></tr></table> distr ibut ion 2019s 2012 annual sales decreased 9% ( 9 % ) from 2011 , and decreased 10% ( 10 % ) from 2010 . operating profits in 2012 were $ 22 million ( $ 71 million exclud- ing reorganization costs ) compared with $ 34 million ( $ 86 million excluding reorganization costs ) in 2011 and $ 78 million in 2010 . annual sales of printing papers and graphic arts supplies and equipment totaled $ 3.5 billion in 2012 compared with $ 4.0 billion in 2011 and $ 4.2 billion in 2010 , reflecting declining demand and the exiting of unprofitable businesses . trade margins as a percent of sales for printing papers were relatively even with both 2011 and 2010 . revenue from packaging prod- ucts was flat at $ 1.6 billion in both 2012 and 2011 and up slightly compared to $ 1.5 billion in 2010 . pack- aging margins increased in 2012 from both 2011 and 2010 , reflecting the successful execution of strategic sourcing initiatives . facility supplies annual revenue was $ 0.9 billion in 2012 , down compared to $ 1.0 bil- lion in 2011 and 2010 . operating profits in 2012 included $ 49 million of reorganization costs for severance , professional services and asset write-downs compared with $ 52 .\nQuestion: what are the total annual sales of printing papers and graphic arts supplies and equipment in 2012, in millions?\n"
},
{
"role": "agent",
"content": "3500.0"
}
] |
CONVFINQA8337
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable . joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 . until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible . ( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations . the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba . the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification . for more discussion , see part i , item 1a . risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense . based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total operating expenses . <table class='wikitable'><tr><td>1</td><td>year</td><td>gallons</td><td>average priceper gallon</td><td>aircraft fuelexpense</td><td>percent of totaloperating expenses</td></tr><tr><td>2</td><td>2017</td><td>4352</td><td>$ 1.73</td><td>$ 7510</td><td>19.7% ( 19.7 % )</td></tr><tr><td>3</td><td>2016</td><td>4347</td><td>1.42</td><td>6180</td><td>17.7% ( 17.7 % )</td></tr><tr><td>4</td><td>2015</td><td>4323</td><td>1.72</td><td>7456</td><td>21.4% ( 21.4 % )</td></tr></table> as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters ( including hurricanes or similar events in the u.s . southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year . general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern . therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .\nQuestion: what was the aircraft fuel expense in 2016?\nAnswer: 6180.0\nQuestion: and in 2017?\n"
},
{
"role": "agent",
"content": "7510.0"
}
] |
CONVFINQA5837
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbased on the foregoing evaluation of management performance , the personnel committee approved the following annual incentive plan payouts to each named executive officer for 2017 : named executive officer base salary target as percentage of base salary payout as percentage of target 2017 annual incentive award . <table class='wikitable'><tr><td>1</td><td>named executive officer</td><td>base salary</td><td>target as percentage of base salary</td><td>payout as percentage of target</td><td>2017 annualincentive award</td></tr><tr><td>2</td><td>a . christopher bakken iii</td><td>$ 620125</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 559973</td></tr><tr><td>3</td><td>marcus v . brown</td><td>$ 630000</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 568890</td></tr><tr><td>4</td><td>leo p . denault</td><td>$ 1230000</td><td>135% ( 135 % )</td><td>129% ( 129 % )</td><td>$ 2142045</td></tr><tr><td>5</td><td>haley r . fisackerly</td><td>$ 355300</td><td>40% ( 40 % )</td><td>119% ( 119 % )</td><td>$ 169123</td></tr><tr><td>6</td><td>andrew s . marsh</td><td>$ 600000</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 541800</td></tr><tr><td>7</td><td>phillip r . may jr .</td><td>$ 366150</td><td>60% ( 60 % )</td><td>137% ( 137 % )</td><td>$ 300000</td></tr><tr><td>8</td><td>sallie t . rainer</td><td>$ 328275</td><td>40% ( 40 % )</td><td>119% ( 119 % )</td><td>$ 156259</td></tr><tr><td>9</td><td>charles l . rice jr .</td><td>$ 286424</td><td>40% ( 40 % )</td><td>79% ( 79 % )</td><td>$ 91000</td></tr><tr><td>10</td><td>richard c . riley</td><td>$ 344200</td><td>40% ( 40 % )</td><td>204% ( 204 % )</td><td>$ 280661</td></tr><tr><td>11</td><td>roderick k . west</td><td>$ 675598</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 610065</td></tr></table> nuclear retention plan mr . a0bakken participates in the nuclear retention plan , a retention plan for officers and other leaders with expertise in the nuclear industry . the personnel committee authorized this plan to attract and retain key management and employee talent in the nuclear power field , a field that requires unique technical and other expertise that is in great demand in the utility industry . the plan provides for bonuses to be paid annually over a three-year employment period with the bonus opportunity dependent on the participant 2019s management level and continued employment . each annual payment is equal to an amount ranging from 15% ( 15 % ) to 30% ( 30 % ) of the employee 2019s base salary as of their date of enrollment in the plan . mr . a0bakken 2019s participation in the plan commenced in may 2016 and in accordance with the terms and conditions of the plan , in may 2017 , 2018 , and 2019 , subject to his continued employment , mr . a0bakken will receive a cash bonus equal to 30% ( 30 % ) of his base salary as of may a01 , 2016 . this plan does not allow for accelerated or prorated payout upon termination of any kind . the three-year coverage period and percentage of base salary payable under the plan are consistent with the terms of participation of other senior nuclear officers who participate in this plan . in may 2017 , mr . bakken received a cash bonus of $ 181500 which equaled 30% ( 30 % ) of his may a01 , 2016 , base salary of $ 605000 . long-term incentive compensation entergy corporation 2019s goal for its long-term incentive compensation is to focus the executive officers on building shareholder value and to increase the executive officers 2019 ownership of entergy corporation 2019s common stock in order to more closely align their interest with those of entergy corporation 2019s shareholders . in its long-term incentive compensation programs , entergy corporation uses a mix of performance units , restricted stock , and stock options . performance units are used to deliver more than a majority of the total target long-term incentive awards . for periods through the end of 2017 , performance units reward the named executive officers on the basis of total shareholder return , which is a measure of stock price appreciation and dividend payments , in relation to the companies in the philadelphia utility index . beginning with the 2018-2020 performance period , a cumulative utility earnings metric has been added to the long-term performance unit program to supplement the relative total shareholder return measure that historically has been used in this program with each measure equally weighted . restricted stock ties the executive officers 2019 long-term financial interest to the long-term financial interests of entergy corporation 2019s shareholders . stock options provide a direct incentive to increase the value of entergy corporation 2019s common stock . in general , entergy corporation seeks to allocate the total value of long-term incentive compensation 60% ( 60 % ) to performance units and 40% ( 40 % ) to a combination of stock options and restricted stock , equally divided in value , based on the value the compensation model seeks to deliver . awards for individual named executive officers may vary from this target as a result of individual performance , promotions , and internal pay equity . the performance units for the 2015-2017 performance period were awarded under the 2011 equity ownership plan and long-term cash incentive plan ( the 201c2011 equity ownership plan 201d ) and the performance units for the .\nQuestion: in the year of 2017, what was the difference between the highest and the second highest base salary?\n"
},
{
"role": "agent",
"content": "554402.0"
}
] |
CONVFINQA651
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 value of total federal net operating loss carryforwards?\nAnswer: 1197607.0\nQuestion: and for the state?\nAnswer: 1188003.0\nQuestion: combined, what is the total for these two values?\nAnswer: 2385610.0\nQuestion: and the amount for foreign?\n"
},
{
"role": "agent",
"content": "98424.0"
}
] |
CONVFINQA5772
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe environmental liability includes costs for remediation and restoration of sites , as well as for ongoing monitoring costs , but excludes any anticipated recoveries from third parties . cost estimates are based on information available for each site , financial viability of other potentially responsible parties , and existing technology , laws , and regulations . we believe that we have adequately accrued for our ultimate share of costs at sites subject to joint and several liability . however , the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site-specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs . estimates may also vary due to changes in federal , state , and local laws governing environmental remediation . we do not expect current obligations to have a material adverse effect on our results of operations or financial condition . guarantees 2013 at december 31 , 2006 , we were contingently liable for $ 464 million in guarantees . we have recorded a liability of $ 6 million for the fair value of these obligations as of december 31 , 2006 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . indemnities 2013 our maximum potential exposure under indemnification arrangements , including certain tax indemnifications , can range from a specified dollar amount to an unlimited amount , depending on the nature of the transactions and the agreements . due to uncertainty as to whether claims will be made or how they will be resolved , we cannot reasonably determine the probability of an adverse claim or reasonably estimate any adverse liability or the total maximum exposure under these indemnification arrangements . we do not have any reason to believe that we will be required to make any material payments under these indemnity provisions . income taxes 2013 as previously reported in our form 10-q for the quarter ended september 30 , 2005 , the irs has completed its examinations and issued notices of deficiency for tax years 1995 through 2002 . among their proposed adjustments is the disallowance of tax deductions claimed in connection with certain donations of property . in the fourth quarter of 2005 , the irs national office issued a technical advice memorandum which left unresolved whether the deductions were proper , pending further factual development . we continue to dispute the donation issue , as well as many of the other proposed adjustments , and will contest the associated tax deficiencies through the irs appeals process , and , if necessary , litigation . in addition , the irs is examining the corporation 2019s federal income tax returns for tax years 2003 and 2004 and should complete their exam in 2007 . we do not expect that the ultimate resolution of these examinations will have a material adverse effect on our consolidated financial statements . 11 . other income other income included the following for the years ended december 31 : millions of dollars 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>rental income</td><td>$ 83</td><td>$ 59</td><td>$ 55</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>72</td><td>135</td><td>69</td></tr><tr><td>4</td><td>interest income</td><td>29</td><td>17</td><td>10</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-33 ( 33 )</td><td>-23 ( 23 )</td><td>-11 ( 11 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-33 ( 33 )</td><td>-43 ( 43 )</td><td>-35 ( 35 )</td></tr><tr><td>7</td><td>total</td><td>$ 118</td><td>$ 145</td><td>$ 88</td></tr></table> .\nQuestion: what was the change in the rental income from 2005 to 2006?\nAnswer: 24.0\nQuestion: and what was that rental income in 2005?\nAnswer: 59.0\nQuestion: how much, then, does that change represent in relation to this 2005 rental income, in percentage?\n"
},
{
"role": "agent",
"content": "0.40678"
}
] |
CONVFINQA7458
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2009</td><td>3.0% ( 3.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>3</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>5</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr></table> ( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .\nQuestion: as of 2013, what was the expected number of berths that was to be placed in service in the global cruise market between 2014 and 2018?\nAnswer: 71000.0\nQuestion: and what was the total number of berths?\n"
},
{
"role": "agent",
"content": "436000.0"
}
] |
CONVFINQA5923
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .\nQuestion: what is the sum of the transportation and storage costs incurred under these agreements for the years of 2016 and 2017?\nAnswer: 275.6\nQuestion: what was the transportation and storage costs incurred under these agreements in 2015?\n"
},
{
"role": "agent",
"content": "137.7"
}
] |
CONVFINQA10000
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperiod . the discount reflects our incremental borrowing rate , which matches the lifetime of the liability . significant changes in the discount rate selected or the estimations of sublease income in the case of leases could impact the amounts recorded . other associated costs with restructuring activities we recognize other costs associated with restructuring activities as they are incurred , including moving costs and consulting and legal fees . pensions we sponsor defined benefit pension plans throughout the world . our most significant plans are located in the u.s. , the u.k. , the netherlands and canada . our significant u.s. , u.k . and canadian pension plans are closed to new entrants . we have ceased crediting future benefits relating to salary and service for our u.s. , u.k . and canadian plans . recognition of gains and losses and prior service certain changes in the value of the obligation and in the value of plan assets , which may occur due to various factors such as changes in the discount rate and actuarial assumptions , actual demographic experience and/or plan asset performance are not immediately recognized in net income . such changes are recognized in other comprehensive income and are amortized into net income as part of the net periodic benefit cost . unrecognized gains and losses that have been deferred in other comprehensive income , as previously described , are amortized into compensation and benefits expense as a component of periodic pension expense based on the average expected future service of active employees for our plans in the netherlands and canada , or the average life expectancy of the u.s . and u.k . plan members . after the effective date of the plan amendments to cease crediting future benefits relating to service , unrecognized gains and losses are also be based on the average life expectancy of members in the canadian plans . we amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses . as of december 31 , 2013 , our pension plans have deferred losses that have not yet been recognized through income in the consolidated financial statements . we amortize unrecognized actuarial losses outside of a corridor , which is defined as 10% ( 10 % ) of the greater of market-related value of plan assets or projected benefit obligation . to the extent not offset by future gains , incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized . the following table discloses our combined experience loss , the number of years over which we are amortizing the experience loss , and the estimated 2014 amortization of loss by country ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.k .</td><td>u.s .</td><td>other</td></tr><tr><td>2</td><td>combined experience loss</td><td>$ 2012</td><td>$ 1219</td><td>$ 402</td></tr><tr><td>3</td><td>amortization period ( in years )</td><td>29</td><td>26</td><td>11 - 23</td></tr><tr><td>4</td><td>estimated 2014 amortization of loss</td><td>$ 53</td><td>$ 44</td><td>$ 10</td></tr></table> the unrecognized prior service cost at december 31 , 2013 was $ 27 million in the u.k . and other plans . for the u.s . pension plans we use a market-related valuation of assets approach to determine the expected return on assets , which is a component of net periodic benefit cost recognized in the consolidated statements of income . this approach recognizes 20% ( 20 % ) of any gains or losses in the current year's value of market-related assets , with the remaining 80% ( 80 % ) spread over the next four years . as this approach recognizes gains or losses over a five-year period , the future value of assets and therefore , our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded . as of december 31 , 2013 , the market-related value of assets was $ 1.8 billion . we do not use the market-related valuation approach to determine the funded status of the u.s . plans recorded in the consolidated statements of financial position . instead , we record and present the funded status in the consolidated statements of financial position based on the fair value of the plan assets . as of december 31 , 2013 , the fair value of plan assets was $ 1.9 billion . our non-u.s . plans use fair value to determine expected return on assets. .\nQuestion: what was the experience loss in uk?\nAnswer: 2012.0\nQuestion: what was the experience loss in us?\n"
},
{
"role": "agent",
"content": "1219.0"
}
] |
CONVFINQA4614
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income . 2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 293.9</td></tr><tr><td>3</td><td>retail electric price</td><td>39.0</td></tr><tr><td>4</td><td>net gas revenue</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>volume/weather</td><td>-5.1 ( 5.1 )</td></tr><tr><td>6</td><td>other</td><td>-8.1 ( 8.1 )</td></tr><tr><td>7</td><td>2016 net revenue</td><td>$ 317.2</td></tr></table> the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station . see note 14 to the financial statements for discussion of the union power station purchase . the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales . the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .\nQuestion: what was the net revenue in 2016?\nAnswer: 317.2\nQuestion: what was the net revenue in 2015?\nAnswer: 293.9\nQuestion: what is the difference in revenues?\n"
},
{
"role": "agent",
"content": "23.3"
}
] |
CONVFINQA4867
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2012</td><td>2011</td><td>2010</td><td>% ( % ) change 2012 v 2011</td><td>% ( % ) change 2011 v 2010</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 4685</td><td>$ 4681</td><td>$ 4314</td><td>-% ( - % )</td><td>9% ( 9 % )</td></tr><tr><td>3</td><td>fuel</td><td>3608</td><td>3581</td><td>2486</td><td>1</td><td>44</td></tr><tr><td>4</td><td>purchased services and materials</td><td>2143</td><td>2005</td><td>1836</td><td>7</td><td>9</td></tr><tr><td>5</td><td>depreciation</td><td>1760</td><td>1617</td><td>1487</td><td>9</td><td>9</td></tr><tr><td>6</td><td>equipment and other rents</td><td>1197</td><td>1167</td><td>1142</td><td>3</td><td>2</td></tr><tr><td>7</td><td>other</td><td>788</td><td>782</td><td>719</td><td>1</td><td>9</td></tr><tr><td>8</td><td>total</td><td>$ 14181</td><td>$ 13833</td><td>$ 11984</td><td>3% ( 3 % )</td><td>15% ( 15 % )</td></tr></table> operating expenses increased $ 348 million in 2012 versus 2011 . depreciation , wage and benefit inflation , higher fuel prices and volume- related trucking services purchased by our logistics subsidiaries , contributed to higher expenses during the year . efficiency gains , volume related fuel savings ( 2% ( 2 % ) fewer gallons of fuel consumed ) and $ 38 million of weather related expenses in 2011 , which favorably affects the comparison , partially offset the cost increase . operating expenses increased $ 1.8 billion in 2011 versus 2010 . our fuel price per gallon rose 36% ( 36 % ) during 2011 , accounting for $ 922 million of the increase . wage and benefit inflation , volume-related costs , depreciation , and property taxes also contributed to higher expenses . expenses increased $ 20 million for costs related to the flooding in the midwest and $ 18 million due to the impact of severe heat and drought in the south , primarily texas . cost savings from productivity improvements and better resource utilization partially offset these increases . a $ 45 million one-time payment relating to a transaction with csx intermodal , inc ( csxi ) increased operating expenses during the first quarter of 2010 , which favorably affects the comparison of operating expenses in 2011 to those in 2010 . compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs . expenses in 2012 were essentially flat versus 2011 as operational improvements and cost reductions offset general wage and benefit inflation and higher pension and other postretirement benefits . in addition , weather related costs increased these expenses in 2011 . a combination of general wage and benefit inflation , volume-related expenses , higher training costs associated with new hires , additional crew costs due to speed restrictions caused by the midwest flooding and heat and drought in the south , and higher pension expense drove the increase during 2011 compared to 2010 . fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment . higher locomotive diesel fuel prices , which averaged $ 3.22 per gallon ( including taxes and transportation costs ) in 2012 , compared to $ 3.12 in 2011 , increased expenses by $ 105 million . volume , as measured by gross ton-miles , decreased 2% ( 2 % ) in 2012 versus 2011 , driving expense down . the fuel consumption rate was flat year-over-year . higher locomotive diesel fuel prices , which averaged $ 3.12 ( including taxes and transportation costs ) in 2011 , compared to $ 2.29 per gallon in 2010 , increased expenses by $ 922 million . in addition , higher gasoline prices for highway and non-highway vehicles also increased year-over-year . volume , as measured by gross ton-miles , increased 5% ( 5 % ) in 2011 versus 2010 , driving expense up by $ 122 million . purchased services and materials 2013 expense for purchased services and materials includes the costs of services purchased from outside contractors and other service providers ( including equipment 2012 operating expenses .\nQuestion: what was the per-gallon cost of locomotive diesel fuel prices in 2012?\nAnswer: 3.22\nQuestion: and in 2011?\nAnswer: 3.12\nQuestion: so what was the difference between these years?\nAnswer: 0.1\nQuestion: using this value, what was the estimated fuel cost for 2012?\nAnswer: 1050.0\nQuestion: and converted to the billions?\n"
},
{
"role": "agent",
"content": "1050000000.0"
}
] |
CONVFINQA7237
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2017 . period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>total numberof sharespurchased</td><td>averageprice paidper share</td><td>total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a )</td><td>total number ofshares purchased aspart of publiclyannounced plans orprograms</td><td>approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )</td></tr><tr><td>2</td><td>october 2017</td><td>515762</td><td>$ 77.15</td><td>292145</td><td>223617</td><td>$ 1.6 billion</td></tr><tr><td>3</td><td>november 2017</td><td>2186889</td><td>$ 81.21</td><td>216415</td><td>1970474</td><td>$ 1.4 billion</td></tr><tr><td>4</td><td>december 2017</td><td>2330263</td><td>$ 87.76</td><td>798</td><td>2329465</td><td>$ 1.2 billion</td></tr><tr><td>5</td><td>total</td><td>5032914</td><td>$ 83.83</td><td>509358</td><td>4523556</td><td>$ 1.2 billion</td></tr></table> ( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2017 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans . ( b ) on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock ( the 2016 program ) with no expiration date . as of december 31 , 2017 , we had $ 1.2 billion remaining available for purchase under the 2016 program . on january 23 , 2018 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date. .\nQuestion: what was the share price in november 2017?\nAnswer: 81.21\nQuestion: what was it in october 2017?\n"
},
{
"role": "agent",
"content": "77.15"
}
] |
CONVFINQA6244
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2019s 2017 reported tax rate includes $ 160.9 million of net tax benefits associated with the tax act , $ 6.2 million of net tax benefits on special gains and charges , and net tax benefits of $ 25.3 million associated with discrete tax items . in connection with the company 2019s initial analysis of the impact of the tax act , as noted above , a provisional net discrete tax benefit of $ 160.9 million was recorded in the period ended december 31 , 2017 , which includes $ 321.0 million tax benefit for recording deferred tax assets and liabilities at the u.s . enacted tax rate , and a net expense for the one-time transition tax of $ 160.1 million . while the company was able to make an estimate of the impact of the reduction in the u.s . rate on deferred tax assets and liabilities and the one-time transition tax , it may be affected by other analyses related to the tax act , as indicated above . special ( gains ) and charges represent the tax impact of special ( gains ) and charges , as well as additional tax benefits utilized in anticipation of u.s . tax reform of $ 7.8 million . during 2017 , the company recorded a discrete tax benefit of $ 39.7 million related to excess tax benefits , resulting from the adoption of accounting changes regarding the treatment of tax benefits on share-based compensation . the extent of excess tax benefits is subject to variation in stock price and stock option exercises . in addition , the company recorded net discrete expenses of $ 14.4 million related to recognizing adjustments from filing the 2016 u.s . federal income tax return and international adjustments due to changes in estimates , partially offset by the release of reserves for uncertain tax positions due to the expiration of statute of limitations in state tax matters . during 2016 , the company recognized net expense related to discrete tax items of $ 3.9 million . the net expenses were driven primarily by recognizing adjustments from filing the company 2019s 2015 u.s . federal income tax return , partially offset by settlement of international tax matters and remeasurement of certain deferred tax assets and liabilities resulting from the application of updated tax rates in international jurisdictions . net expense was also impacted by adjustments to deferred tax asset and liability positions and the release of reserves for uncertain tax positions due to the expiration of statute of limitations in non-u.s . jurisdictions . during 2015 , the company recognized net benefits related to discrete tax items of $ 63.3 million . the net benefits were driven primarily by the release of $ 20.6 million of valuation allowances , based on the realizability of foreign deferred tax assets and the ability to recognize a worthless stock deduction of $ 39.0 million for the tax basis in a wholly-owned domestic subsidiary . a reconciliation of the beginning and ending amount of gross liability for unrecognized tax benefits is as follows: . <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>balance at beginning of year</td><td>$ 75.9</td><td>$ 74.6</td><td>$ 78.7</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>3.2</td><td>8.8</td><td>5.8</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>-</td><td>2.1</td><td>0.9</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-4.9 ( 4.9 )</td><td>-1.0 ( 1.0 )</td><td>-8.8 ( 8.8 )</td></tr><tr><td>6</td><td>reductions for tax positions due to statute of limitations</td><td>-14.0 ( 14.0 )</td><td>-5.5 ( 5.5 )</td><td>-1.6 ( 1.6 )</td></tr><tr><td>7</td><td>settlements</td><td>-10.8 ( 10.8 )</td><td>-2.0 ( 2.0 )</td><td>-4.2 ( 4.2 )</td></tr><tr><td>8</td><td>assumed in connection with acquisitions</td><td>10.0</td><td>-</td><td>8.0</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2.1</td><td>-1.1 ( 1.1 )</td><td>-4.2 ( 4.2 )</td></tr><tr><td>10</td><td>balance at end of year</td><td>$ 61.5</td><td>$ 75.9</td><td>$ 74.6</td></tr></table> the total amount of unrecognized tax benefits , if recognized would have affected the effective tax rate by $ 47.1 million as of december 31 , 2017 , $ 57.5 million as of december 31 , 2016 and $ 59.2 million as of december 31 , 2015 . the company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes . during 2017 , 2016 and 2015 the company released $ 0.9 million , $ 2.9 million and $ 1.4 million related to interest and penalties , respectively . the company had $ 9.3 million , $ 10.2 million and $ 13.1 million of accrued interest , including minor amounts for penalties , at december 31 , 2017 , 2016 , and 2015 , respectively. .\nQuestion: what was the net change in the balance of gross liability for unrecognized tax benefits from 2015 to 2016?\nAnswer: 1.3\nQuestion: what was the percent change?\n"
},
{
"role": "agent",
"content": "0.01743"
}
] |
CONVFINQA3561
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\n"
},
{
"role": "agent",
"content": "15.0"
}
] |
CONVFINQA10824
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncontractual obligations fis 2019 long-term contractual obligations generally include its long-term debt , interest on long-term debt , lease payments on certain of its property and equipment and payments for data processing and maintenance . for more descriptive information regarding the company's long-term debt , see note 13 in the notes to consolidated financial statements . the following table summarizes fis 2019 significant contractual obligations and commitments as of december 31 , 2012 ( in millions ) : less than 1-3 3-5 more than total 1 year years years 5 years . <table class='wikitable'><tr><td>1</td><td>-</td><td>total</td><td>less than 1 year</td><td>1-3 years</td><td>3-5 years</td><td>more than 5 years</td></tr><tr><td>2</td><td>long-term debt</td><td>$ 4385.5</td><td>$ 153.9</td><td>$ 757.1</td><td>$ 2274.5</td><td>$ 1200.0</td></tr><tr><td>3</td><td>interest ( 1 )</td><td>1137.6</td><td>200.4</td><td>372.9</td><td>288.8</td><td>275.5</td></tr><tr><td>4</td><td>operating leases</td><td>226.6</td><td>55.0</td><td>96.2</td><td>46.4</td><td>29.0</td></tr><tr><td>5</td><td>data processing and maintenance</td><td>246.7</td><td>131.7</td><td>78.9</td><td>28.4</td><td>7.7</td></tr><tr><td>6</td><td>other contractual obligations ( 2 )</td><td>100.7</td><td>18.8</td><td>52.0</td><td>10.6</td><td>19.3</td></tr><tr><td>7</td><td>total</td><td>$ 6097.1</td><td>$ 559.8</td><td>$ 1357.1</td><td>$ 2648.7</td><td>$ 1531.5</td></tr></table> ( 1 ) these calculations assume that : ( a ) applicable margins remain constant ; ( b ) all variable rate debt is priced at the one-month libor rate in effect as of december 31 , 2012 ; ( c ) no new hedging transactions are effected ; ( d ) only mandatory debt repayments are made ; and ( e ) no refinancing occurs at debt maturity . ( 2 ) amount includes the payment for labor claims related to fis' former item processing and remittance operations in brazil ( see note 3 to the consolidated financial statements ) and amounts due to the brazilian venture partner . fis believes that its existing cash balances , cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet fis 2019 expected short-term liquidity needs and its long-term needs for the operations of its business , expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments . off-balance sheet arrangements fis does not have any off-balance sheet arrangements . item 7a . quantitative and qualitative disclosure about market risks market risk we are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates . we use certain derivative financial instruments , including interest rate swaps and foreign currency forward exchange contracts , to manage interest rate and foreign currency risk . we do not use derivatives for trading purposes , to generate income or to engage in speculative activity . interest rate risk in addition to existing cash balances and cash provided by operating activities , we use fixed rate and variable rate debt to finance our operations . we are exposed to interest rate risk on these debt obligations and related interest rate swaps . the notes ( as defined in note 13 to the consolidated financial statements ) represent substantially all of our fixed-rate long-term debt obligations . the carrying value of the notes was $ 1950.0 million as of december 31 , 2012 . the fair value of the notes was approximately $ 2138.2 million as of december 31 , 2012 . the potential reduction in fair value of the notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt . our floating rate long-term debt obligations principally relate to borrowings under the fis credit agreement ( as also defined in note 13 to the consolidated financial statements ) . an increase of 100 basis points in the libor rate would increase our annual debt service under the fis credit agreement , after we include the impact of our interest rate swaps , by $ 9.3 million ( based on principal amounts outstanding as of december 31 , 2012 ) . we performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of december 31 , 2012 , less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt . this sensitivity analysis is based solely on .\nQuestion: as of december 31, 2012, what amount of the long-term debt is included in the current liabilities section of the balance sheet?\nAnswer: 153.9\nQuestion: and what is the total of that long-term debt?\nAnswer: 4385.5\nQuestion: what percentage, then, does that amount represent in relation to this total?\n"
},
{
"role": "agent",
"content": "0.03509"
}
] |
CONVFINQA6657
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 money pool balance in 2003?\nAnswer: 1783.0\nQuestion: what is that value divided by 1000?\nAnswer: 1.783\nQuestion: what was the value of money provided in 2003?\nAnswer: 1.7\nQuestion: what is the ratio of money provided to the simplified balance?\n"
},
{
"role": "agent",
"content": "0.95345"
}
] |
CONVFINQA5125
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbhge 2017 form 10-k | 103 part iii item 10 . directors , executive officers and corporate governance information regarding our code of conduct , the spirit and the letter , and code of ethical conduct certificates for our principal executive officer , principal financial officer and principal accounting officer are described in item 1 . business of this annual report . information concerning our directors is set forth in the sections entitled \"proposal no . 1 , election of directors - board nominees for directors\" and \"corporate governance - committees of the board\" in our definitive proxy statement for the 2018 annual meeting of stockholders to be filed with the sec pursuant to the exchange act within 120 days of the end of our fiscal year on december 31 , 2017 ( \"proxy statement\" ) , which sections are incorporated herein by reference . for information regarding our executive officers , see \"item 1 . business - executive officers of baker hughes\" in this annual report on form 10-k . additional information regarding compliance by directors and executive officers with section 16 ( a ) of the exchange act is set forth under the section entitled \"section 16 ( a ) beneficial ownership reporting compliance\" in our proxy statement , which section is incorporated herein by reference . item 11 . executive compensation information for this item is set forth in the following sections of our proxy statement , which sections are incorporated herein by reference : \"compensation discussion and analysis\" \"director compensation\" \"compensation committee interlocks and insider participation\" and \"compensation committee report.\" item 12 . security ownership of certain beneficial owners and management and related stockholder matters information concerning security ownership of certain beneficial owners and our management is set forth in the sections entitled \"stock ownership of certain beneficial owners\" and 201cstock ownership of section 16 ( a ) director and executive officers 201d ) in our proxy statement , which sections are incorporated herein by reference . we permit our employees , officers and directors to enter into written trading plans complying with rule 10b5-1 under the exchange act . rule 10b5-1 provides criteria under which such an individual may establish a prearranged plan to buy or sell a specified number of shares of a company's stock over a set period of time . any such plan must be entered into in good faith at a time when the individual is not in possession of material , nonpublic information . if an individual establishes a plan satisfying the requirements of rule 10b5-1 , such individual's subsequent receipt of material , nonpublic information will not prevent transactions under the plan from being executed . certain of our officers have advised us that they have and may enter into stock sales plans for the sale of shares of our class a common stock which are intended to comply with the requirements of rule 10b5-1 of the exchange act . in addition , the company has and may in the future enter into repurchases of our class a common stock under a plan that complies with rule 10b5-1 or rule 10b-18 of the exchange act . equity compensation plan information the information in the following table is presented as of december 31 , 2017 with respect to shares of our class a common stock that may be issued under our lti plan which has been approved by our stockholders ( in millions , except per share prices ) . equity compensation 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 the first column ) . <table class='wikitable'><tr><td>1</td><td>equity compensation plancategory</td><td>number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights</td><td>weighted averageexercise price ofoutstandingoptions warrantsand rights</td><td>number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn )</td></tr><tr><td>2</td><td>stockholder-approved plans</td><td>1.6</td><td>$ 36.61</td><td>53.7</td></tr><tr><td>3</td><td>nonstockholder-approved plans</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>1.6</td><td>$ 36.61</td><td>53.7</td></tr></table> .\nQuestion: what is the sum of the number of securities to be issued upon exercise of outstanding options, warrants and rights and the number of securities remaining available for future issuance under equity compensation plans?\nAnswer: 55.3\nQuestion: what is the number of securities to be issued upon exercise of outstanding options, warrants and rights?\n"
},
{
"role": "agent",
"content": "1.6"
}
] |
CONVFINQA2257
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwestrock company notes to consolidated financial statements 2014 ( continued ) note 20 . stockholders 2019 equity capitalization our capital stock consists solely of common stock . holders of our common stock are entitled to one vote per share . our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued . the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation . stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 . the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management . in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million . in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million . in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million . as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock . note 21 . share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan . the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) . the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors . the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) . shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation . the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 . in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 . ( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans . we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended . the awards were converted into westrock awards using the conversion factor as described in the business combination agreement . ( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan . the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares available for issuance</td><td>shares available for future grant</td><td>shares to be issued if performance is achieved at maximum</td><td>expect to make new awards</td></tr><tr><td>2</td><td>amended and restated 2016 incentive stock plan ( 1 )</td><td>11.7</td><td>5.1</td><td>2.3</td><td>yes</td></tr><tr><td>3</td><td>2004 incentive stock plan ( 1 ) ( 2 )</td><td>15.8</td><td>3.1</td><td>0.0</td><td>no</td></tr><tr><td>4</td><td>2005 performance incentive plan ( 1 ) ( 2 )</td><td>12.8</td><td>9.0</td><td>0.0</td><td>no</td></tr><tr><td>5</td><td>rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 )</td><td>7.9</td><td>5.9</td><td>0.0</td><td>no</td></tr></table> westrock company notes to consolidated financial statements 2014 ( continued ) note 20 . stockholders 2019 equity capitalization our capital stock consists solely of common stock . holders of our common stock are entitled to one vote per share . our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued . the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation . stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 . the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management . in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million . in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million . in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million . as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock . note 21 . share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan . the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) . the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors . the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) . shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation . the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 . in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 . ( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans . we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended . the awards were converted into westrock awards using the conversion factor as described in the business combination agreement . ( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan . the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .\nQuestion: how many shares were repurchased during 2017?\nAnswer: 3.4\nQuestion: what about in 2018?\nAnswer: 2.1\nQuestion: what is the total number repurchased for 2017 to 2018?\nAnswer: 5.5\nQuestion: what about in 2019?\nAnswer: 1.8\nQuestion: what is the total for three years?\nAnswer: 7.3\nQuestion: what is the total amount spent in 2018 and 2019 for stock repurchases?\nAnswer: 283.7\nQuestion: what about if the amount spent in 2017 is added?\nAnswer: 376.7\nQuestion: what is average price per share repurchased during these three years?\n"
},
{
"role": "agent",
"content": "51.60274"
}
] |
CONVFINQA2588
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 june 2011 , the fasb issued asu no . 2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements . in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income . this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity . the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income . the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 . the company adopted this guidance in the first quarter of 2012 . the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements . 3 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 . under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years . the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively . as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories . the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( \"fifo\" ) method . product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor . because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method . inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively . inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 292012</td><td>december 312011</td></tr><tr><td>2</td><td>inventories at fifo net</td><td>$ 2182419</td><td>$ 1941055</td></tr><tr><td>3</td><td>adjustments to state inventories at lifo</td><td>126190</td><td>102103</td></tr><tr><td>4</td><td>inventories at lifo net</td><td>$ 2308609</td><td>$ 2043158</td></tr></table> inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations . in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory . reserves advance auto parts , inc . and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) .\nQuestion: what were inventories at lifo at the end of 2012?\nAnswer: 2308609.0\nQuestion: what were they at the start of 2011?\nAnswer: 1941055.0\nQuestion: what is the net change?\n"
},
{
"role": "agent",
"content": "367554.0"
}
] |
CONVFINQA7234
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nat december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td><td>2019</td><td>thereafter</td></tr><tr><td>2</td><td>lease obligations</td><td>$ 142</td><td>$ 106</td><td>$ 84</td><td>$ 63</td><td>$ 45</td><td>$ 91</td></tr><tr><td>3</td><td>purchase obligations ( a )</td><td>3266</td><td>761</td><td>583</td><td>463</td><td>422</td><td>1690</td></tr><tr><td>4</td><td>total</td><td>$ 3408</td><td>$ 867</td><td>$ 667</td><td>$ 526</td><td>$ 467</td><td>$ 1781</td></tr></table> ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively . guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters . where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction . environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) . many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources . while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties . remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable . international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 . cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota . during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study . in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million . the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy . in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed . in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded . in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment . it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred . other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 . other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements . legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan . the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st . regis paper company ( st . regis ) . the company is a successor in interest to st . regis . although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site . the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time . as noted below , the company is involved in allocation/ apportionment litigation with regard to the site . accordingly , it is premature to estimate a loss or range of loss with respect to this site . the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site . the suit .\nQuestion: what was the total amount of lease obligations in 2015?\nAnswer: 142.0\nQuestion: and what were the total future minimum commitments under existing non-cancelable operating leases and purchase obligations in that year?\nAnswer: 3408.0\nQuestion: what percentage, then, of these total future minimum commitments does that total amount represent?\n"
},
{
"role": "agent",
"content": "0.04167"
}
] |
CONVFINQA5350
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return . as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital . as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>balance at june 1 2007</td><td>$ 3760</td></tr><tr><td>2</td><td>additions based on tax positions related to the current year</td><td>93</td></tr><tr><td>3</td><td>additions for tax positions of prior years</td><td>50</td></tr><tr><td>4</td><td>reductions for tax positions of prior years</td><td>2014</td></tr><tr><td>5</td><td>settlements with taxing authorities</td><td>-190 ( 190 )</td></tr><tr><td>6</td><td>balance at may 31 2008</td><td>$ 3713</td></tr></table> as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million . we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses . during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits . we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations . we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions . in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada . with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior . we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years . we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 . note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors . under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions . as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization . no amounts were repurchased during fiscal 2007 . note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans . for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis . the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant . there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .\nQuestion: convert the number of remaining share purchase authorizations to the millions place\nAnswer: 13000000.0\nQuestion: what is the average price per share of the common stock during fiscal 2008?\nAnswer: 37.85\nQuestion: so what is the number of shares remaining?\n"
},
{
"role": "agent",
"content": "343461.03038"
}
] |
CONVFINQA8471
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nleases , was $ 92 million , $ 80 million , and $ 72 million in 2002 , 2001 , and 2000 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 28 , 2002 , are as follows ( in millions ) : concentrations in the available sources of supply of materials and product although certain components essential to the company's business are generally available from multiple sources , other key components ( including microprocessors and application-specific integrated circuits , or ( \"asics\" ) ) are currently obtained by the company from single or limited sources . some other key components , while currently available to the company from multiple sources , are at times subject to industry- wide availability and pricing pressures . in addition , the company uses some components that are not common to the rest of the personal computer industry , and new products introduced by the company often initially utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers . if the supply of a key single-sourced component to the company were to be delayed or curtailed or in the event a key manufacturing vendor delays shipments of completed products to the company , the company's ability to ship related products in desired quantities and in a timely manner could be adversely affected . the company's business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company's requirements . finally , significant portions of the company's cpus , logic boards , and assembled products are now manufactured by outsourcing partners , the majority of which occurs in various parts of asia . although the company works closely with its outsourcing partners on manufacturing schedules and levels , the company's operating results could be adversely affected if its outsourcing partners were unable to meet their production obligations . contingencies beginning on september 27 , 2001 , three shareholder class action lawsuits were filed in the united states district court for the northern district of california against the company and its chief executive officer . these lawsuits are substantially identical , and purport to bring suit on behalf of persons who purchased the company's publicly traded common stock between july 19 , 2000 , and september 28 , 2000 . the complaints allege violations of the 1934 securities exchange act and seek unspecified compensatory damages and other relief . the company believes these claims are without merit and intends to defend them vigorously . the company filed a motion to dismiss on june 4 , 2002 , which was heard by the court on september 13 , 2002 . on december 11 , 2002 , the court granted the company's motion to dismiss for failure to state a cause of action , with leave to plaintiffs to amend their complaint within thirty days . the company is subject to certain other legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated . in the opinion of management , the company does not have a potential liability related to any current legal proceedings and claims that would have a material adverse effect on its financial condition , liquidity or results of operations . however , the results of legal proceedings cannot be predicted with certainty . should the company fail to prevail in any of these legal matters or should several of these legal matters be resolved against the company in the same reporting period , the operating results of a particular reporting period could be materially adversely affected . the parliament of the european union is working on finalizing the waste electrical and electronic equipment directive ( the directive ) . the directive makes producers of electrical goods , including personal computers , financially responsible for the collection , recycling , and safe disposal of past and future products . the directive must now be approved and implemented by individual european union governments by june 2004 , while the producers' financial obligations are scheduled to start june 2005 . the company's potential liability resulting from the directive related to past sales of its products and expenses associated with future sales of its product may be substantial . however , because it is likely that specific laws , regulations , and enforcement policies will vary significantly between individual european member states , it is not currently possible to estimate the company's existing liability or future expenses resulting from the directive . as the european union and its individual member states clarify specific requirements and policies with respect to the directive , the company will continue to assess its potential financial impact . similar legislation may be enacted in other geographies , including federal and state legislation in the united states , the cumulative impact of which could be significant . fiscal years . <table class='wikitable'><tr><td>1</td><td>2003</td><td>$ 83</td></tr><tr><td>2</td><td>2004</td><td>78</td></tr><tr><td>3</td><td>2005</td><td>66</td></tr><tr><td>4</td><td>2006</td><td>55</td></tr><tr><td>5</td><td>2007</td><td>42</td></tr><tr><td>6</td><td>later years</td><td>140</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>$ 464</td></tr></table> .\nQuestion: what is the minimum lease payments due in 2004?\nAnswer: 78.0\nQuestion: what about in 2003?\nAnswer: 83.0\nQuestion: what is the difference between 2003 and 2004?\n"
},
{
"role": "agent",
"content": "-5.0"
}
] |
CONVFINQA10666
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe target awards for the other named executive officers were set as follows : joseph f . domino , ceo - entergy texas ( 50% ( 50 % ) ) ; hugh t . mcdonald , ceo - entergy arkansas ( 50% ( 50 % ) ) ; haley fisackerly , ceo - entergy mississippi ( 40% ( 40 % ) ) ; william m . mohl ( 60% ( 60 % ) ) , ceo - entergy gulf states and entergy louisiana ; charles l . rice , jr . ( 40% ( 40 % ) ) , ceo - entergy new orleans and theodore h . bunting , jr . - principal accounting officer - the subsidiaries ( 60% ( 60 % ) ) . the target awards for the named executive officers ( other than entergy named executive officers ) were set by their respective supervisors ( subject to ultimate approval of entergy 2019s chief executive officer ) who allocated a potential incentive pool established by the personnel committee among various of their direct and indirect reports . in setting the target awards , the supervisor took into account considerations similar to those used by the personnel committee in setting the target awards for entergy 2019s named executive officers . target awards are set based on an executive officer 2019s current position and executive management level within the entergy organization . executive management levels at entergy range from level 1 thorough level 4 . mr . denault and mr . taylor hold positions in level 2 whereas mr . bunting and mr . mohl hold positions in level 3 and mr . domino , mr . fisackerly , mr . mcdonald and mr . rice hold positions in level 4 . accordingly , their respective incentive targets differ one from another based on the external market data developed by the committee 2019s independent compensation consultant and the other factors noted above . in december 2010 , the committee determined the executive incentive plan targets to be used for purposes of establishing annual bonuses for 2011 . the committee 2019s determination of the target levels was made after full board review of management 2019s 2011 financial plan for entergy corporation , upon recommendation of the finance committee , and after the committee 2019s determination that the established targets aligned with entergy corporation 2019s anticipated 2011 financial performance as reflected in the financial plan . the targets established to measure management performance against as reported results were: . <table class='wikitable'><tr><td>1</td><td>-</td><td>minimum</td><td>target</td><td>maximum</td></tr><tr><td>2</td><td>earnings per share ( $ )</td><td>$ 6.10</td><td>$ 6.60</td><td>$ 7.10</td></tr><tr><td>3</td><td>operating cash flow ( $ in billions )</td><td>$ 2.97</td><td>$ 3.35</td><td>$ 3.70</td></tr></table> operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 . in accordance with the terms of the annual incentive plan , in january 2012 , the personnel committee certified the 2012 entergy achievement multiplier at 128% ( 128 % ) of target . under the terms of the management effectiveness program , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive if the pre- established underlying performance goals established by the personnel committee are satisfied at the end of the performance period , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether . in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee a mechanism to take into consideration specific achievement factors relating to the overall performance of entergy corporation . in january 2012 , the committee eliminated the management effectiveness factor with respect to the 2011 incentive awards , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management . the annual incentive awards for the named executive officers ( other than mr . leonard , mr . denault and mr . taylor ) are awarded from an incentive pool approved by the committee . from this pool , each named executive officer 2019s supervisor determines the annual incentive payment based on the entergy achievement multiplier . the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance . the incentive awards are subject to the ultimate approval of entergy 2019s chief executive officer. .\nQuestion: in the year of 2011, by what amount did the operating cash flow fall short from the target one?\n"
},
{
"role": "agent",
"content": "221.0"
}
] |
CONVFINQA6812
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 , inc . management's financial discussion and analysis setting any of entergy louisiana's rates . therefore , to the extent entergy louisiana's use of the proceeds would ordinarily have reduced its rate base , no change in rate base shall be reflected for ratemaking purposes . the sec approval for additional return of equity capital is now expired . entergy louisiana's receivables from or ( payables to ) 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>$ 40549</td><td>( $ 41317 )</td><td>$ 18854</td><td>$ 3812</td></tr></table> money pool activity used $ 81.9 million of entergy louisiana's operating cash flow in 2004 , provided $ 60.2 million in 2003 , and used $ 15.0 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 the decrease of $ 25.1 million in net cash used by investing activities in 2004 was primarily due to decreased spending on customer service projects , partially offset by increases in spending on transmission projects and fossil plant projects . the increase of $ 56.0 million in net cash used by investing activities in 2003 was primarily due to increased spending on customer service , transmission , and nuclear projects . financing activities the decrease of $ 404.4 million in net cash used by financing activities in 2004 was primarily due to : 2022 the net issuance of $ 98.0 million of long-term debt in 2004 compared to the retirement of $ 261.0 million in 2022 a principal payment of $ 14.8 million in 2004 for the waterford lease obligation compared to a principal payment of $ 35.4 million in 2003 ; and 2022 a decrease of $ 29.0 million in common stock dividends paid . the decrease of $ 105.5 million in net cash used by financing activities in 2003 was primarily due to : 2022 a decrease of $ 125.9 million in common stock dividends paid ; and 2022 the repurchase of $ 120 million of common stock from entergy corporation in 2002 . the decrease in net cash used in 2003 was partially offset by the following : 2022 the retirement in 2003 of $ 150 million of 8.5% ( 8.5 % ) series first mortgage bonds compared to the net retirement of $ 134.6 million of first mortgage bonds in 2002 ; and 2022 principal payments of $ 35.4 million in 2003 for the waterford 3 lease obligation compared to principal payments of $ 15.9 million in 2002 . see note 5 to the domestic utility companies and system energy financial statements for details of long-term debt . uses of capital entergy louisiana 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: in 2004, what was the net issuance of long-term debt?\nAnswer: 98.0\nQuestion: and what was the decrease in net cash used by financing activities?\nAnswer: 404.4\nQuestion: how much, then, is that net issuance as a percentage of this decrease?\nAnswer: 0.24233\nQuestion: in that same year, what was the payment for waterford lease obligation?\nAnswer: 35.4\nQuestion: and what was it in 2003?\n"
},
{
"role": "agent",
"content": "14.8"
}
] |
CONVFINQA8173
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 71 of 94 notes to consolidated financial statements ball corporation and subsidiaries 16 . shareholders 2019 equity ( continued ) on october 24 , 2007 , ball announced the discontinuance of the company 2019s discount on the reinvestment of dividends associated with the company 2019s dividend reinvestment and voluntary stock purchase plan for non- employee shareholders . the 5 percent discount was discontinued on november 1 , 2007 . accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>foreign currency translation</td><td>pension and other postretirement items net of tax</td><td>effective financial derivatives net of tax</td><td>accumulated other comprehensive earnings ( loss )</td></tr><tr><td>2</td><td>december 31 2004</td><td>$ 148.9</td><td>$ -126.3 ( 126.3 )</td><td>$ 10.6</td><td>$ 33.2</td></tr><tr><td>3</td><td>2005 change</td><td>-74.3 ( 74.3 )</td><td>-43.6 ( 43.6 )</td><td>-16.0 ( 16.0 )</td><td>-133.9 ( 133.9 )</td></tr><tr><td>4</td><td>december 31 2005</td><td>74.6</td><td>-169.9 ( 169.9 )</td><td>-5.4 ( 5.4 )</td><td>-100.7 ( 100.7 )</td></tr><tr><td>5</td><td>2006 change</td><td>57.2</td><td>55.9</td><td>6.0</td><td>119.1</td></tr><tr><td>6</td><td>effect of sfas no . 158 adoption ( a )</td><td>2013</td><td>-47.9 ( 47.9 )</td><td>2013</td><td>-47.9 ( 47.9 )</td></tr><tr><td>7</td><td>december 31 2006</td><td>131.8</td><td>-161.9 ( 161.9 )</td><td>0.6</td><td>-29.5 ( 29.5 )</td></tr><tr><td>8</td><td>2007 change</td><td>90.0</td><td>57.9</td><td>-11.5 ( 11.5 )</td><td>136.4</td></tr><tr><td>9</td><td>december 31 2007</td><td>$ 221.8</td><td>$ -104.0 ( 104.0 )</td><td>$ -10.9 ( 10.9 )</td><td>$ 106.9</td></tr></table> ( a ) within the company 2019s 2006 annual report , the consolidated statement of changes in shareholders 2019 equity for the year ended december 31 , 2006 , included a transition adjustment of $ 47.9 million , net of tax , related to the adoption of sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension plans and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) , 201d as a component of 2006 comprehensive earnings rather than only as an adjustment to accumulated other comprehensive loss . the 2006 amounts have been revised to correct the previous reporting . notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings . therefore , no taxes have been provided on the foreign currency translation component for any period . the change in the pension and other postretirement items is presented net of related tax expense of $ 31.3 million and $ 2.9 million for 2007 and 2006 , respectively , and a related tax benefit of $ 27.3 million for 2005 . the change in the effective financial derivatives is presented net of related tax benefit of $ 3.2 million for 2007 , related tax expense of $ 5.7 million for 2006 and related tax benefit of $ 10.7 million for 2005 . stock-based compensation programs effective january 1 , 2006 , ball adopted sfas no . 123 ( revised 2004 ) , 201cshare based payment , 201d which is a revision of sfas no . 123 and supersedes apb opinion no . 25 . the new standard establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services , including stock option and restricted stock grants . the major differences for ball are that ( 1 ) expense is now recorded in the consolidated statements of earnings for the fair value of new stock option grants and nonvested portions of grants made prior to january 1 , 2006 , and ( 2 ) the company 2019s deposit share program ( discussed below ) is no longer a variable plan that is marked to current market value each month through earnings . upon adoption of sfas no . 123 ( revised 2004 ) , ball has chosen to use the modified prospective transition method and the black-scholes valuation model. .\nQuestion: what was the related tax expense in 2006, in millions?\nAnswer: 5.7\nQuestion: and what was the net of related tax benefit in 2007, also in millions?\nAnswer: 3.2\nQuestion: what is, then, the difference between the 2006 related tax expense and this 2007 net, in millions?\nAnswer: 2.5\nQuestion: and what is, in millions, the difference between this difference and the related tax benefit of 2005?\n"
},
{
"role": "agent",
"content": "-8.2"
}
] |
CONVFINQA2058
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfactors , including the market price of our common stock , general economic and market conditions and applicable legal requirements . the repurchase program may be commenced , suspended or discontinued at any time . in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million . in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million . as of september 30 , 2019 , we had approximately 19.1 million shares of common stock available for repurchase under the program . we anticipate that we will be able to fund our capital expenditures , interest payments , dividends and stock repurchases , pension payments , working capital needs , note repurchases , restructuring activities , repayments of current portion of long-term debt and other corporate actions for the foreseeable future from cash generated from operations , borrowings under our credit facilities , proceeds from our a/r sales agreement , proceeds from the issuance of debt or equity securities or other additional long-term debt financing , including new or amended facilities . in addition , we continually review our capital structure and conditions in the private and public debt markets in order to optimize our mix of indebtedness . in connection with these reviews , we may seek to refinance existing indebtedness to extend maturities , reduce borrowing costs or otherwise improve the terms and composition of our indebtedness . contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2019 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table . certain amounts in this table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>payments due by period total</td><td>payments due by period fiscal 2020</td><td>payments due by period fiscal 2021and 2022</td><td>payments due by period fiscal 2023and 2024</td><td>payments due by period thereafter</td></tr><tr><td>2</td><td>long-term debt including current portionexcluding capital lease obligations ( 1 )</td><td>$ 9714.1</td><td>$ 550.8</td><td>$ 939.8</td><td>$ 2494.3</td><td>$ 5729.2</td></tr><tr><td>3</td><td>operating lease obligations ( 2 )</td><td>930.4</td><td>214.3</td><td>316.4</td><td>193.6</td><td>206.1</td></tr><tr><td>4</td><td>capital lease obligations ( 3 )</td><td>168.9</td><td>6.4</td><td>8.7</td><td>2.9</td><td>150.9</td></tr><tr><td>5</td><td>purchase obligations and other ( 4 ) ( 5 ) ( 6 )</td><td>2293.5</td><td>1607.0</td><td>292.5</td><td>206.7</td><td>187.3</td></tr><tr><td>6</td><td>total</td><td>$ 13106.9</td><td>$ 2378.5</td><td>$ 1557.4</td><td>$ 2897.5</td><td>$ 6273.5</td></tr></table> ( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments . we have excluded $ 163.5 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations . see 201cnote 13 . debt 201d of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments . ( 2 ) see 201cnote 15 . operating leases 201d of the notes to consolidated financial statements for additional information . ( 3 ) the fair value step-up of $ 16.9 million is excluded . see 201cnote 13 . debt 2014 capital lease and other indebtedness 201d of the notes to consolidated financial statements for additional information . ( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction . purchase obligations exclude agreements that are cancelable without penalty . ( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . our estimates are based on factors , such as discount rates and expected returns on plan assets . future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation . it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts . we have excluded $ 237.2 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2019 , including our estimate of the accumulated funding deficiency , due to lack of .\nQuestion: what is the total of the payments due in 2020?\n"
},
{
"role": "agent",
"content": "2378.5"
}
] |
CONVFINQA9469
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n46 d e v o n e n e r g y a n n u a l r e p o r t 2 0 0 4 contents of gas produced , transportation availability and costs and demand for the various products derived from oil , natural gas and ngls . substantially all of devon 2019s revenues are attributable to sales , processing and transportation of these three commodities . consequently , our financial results and resources are highly influenced by price volatility . estimates for devon 2019s future production of oil , natural gas and ngls are based on the assumption that market demand and prices will continue at levels that allow for profitable production of these products . there can be no assurance of such stability . most of our canadian production is subject to government royalties that fluctuate with prices . thus , price fluctuations can affect reported production . also , our international production is governed by payout agreements with the governments of the countries in which we operate . if the payout under these agreements is attained earlier than projected , devon 2019s net production and proved reserves in such areas could be reduced . estimates for our future processing and transport of oil , natural gas and ngls are based on the assumption that market demand and prices will continue at levels that allow for profitable processing and transport of these products . there can be no assurance of such stability . the production , transportation , processing and marketing of oil , natural gas and ngls are complex processes which are subject to disruption from many causes . these causes include transportation and processing availability , mechanical failure , human error , meteorological events including , but not limited to , hurricanes , and numerous other factors . the following forward-looking statements were prepared assuming demand , curtailment , producibility and general market conditions for devon 2019s oil , natural gas and ngls during 2005 will be substantially similar to those of 2004 , unless otherwise noted . unless otherwise noted , all of the following dollar amounts are expressed in u.s . dollars . amounts related to canadian operations have been converted to u.s . dollars using a projected average 2005 exchange rate of $ 0.82 u.s . to $ 1.00 canadian . the actual 2005 exchange rate may vary materially from this estimate . such variations could have a material effect on the following estimates . though we have completed several major property acquisitions and dispositions in recent years , these transactions are opportunity driven . thus , the following forward-looking data excludes the financial and operating effects of potential property acquisitions or divestitures , except as discussed in 201cproperty acquisitions and divestitures , 201d during the year 2005 . the timing and ultimate results of such acquisition and divestiture activity is difficult to predict , and may vary materially from that discussed in this report . geographic reporting areas for 2005 the following estimates of production , average price differentials and capital expenditures are provided separately for each of the following geographic areas : 2022 the united states onshore ; 2022 the united states offshore , which encompasses all oil and gas properties in the gulf of mexico ; 2022 canada ; and 2022 international , which encompasses all oil and gas properties that lie outside of the united states and canada . year 2005 potential operating items the estimates related to oil , gas and ngl production , operating costs and dd&a set forth in the following paragraphs are based on estimates for devon 2019s properties other than those that have been designated for possible sale ( see 201cproperty acquisitions and divestitures 201d ) . therefore , the following estimates exclude the results of the potential sale properties for the entire year . oil , gas and ngl production set forth in the following paragraphs are individual estimates of devon 2019s oil , gas and ngl production for 2005 . on a combined basis , devon estimates its 2005 oil , gas and ngl production will total 217 mmboe . of this total , approximately 92% ( 92 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2004 . oil production we expect our oil production in 2005 to total 60 mmbbls . of this total , approximately 95% ( 95 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2004 . the expected production by area is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( mmbbls )</td></tr><tr><td>2</td><td>united states onshore</td><td>12</td></tr><tr><td>3</td><td>united states offshore</td><td>10</td></tr><tr><td>4</td><td>canada</td><td>12</td></tr><tr><td>5</td><td>international</td><td>26</td></tr></table> oil prices 2013 fixed through various price swaps , devon has fixed the price it will receive in 2005 on a portion of its oil production . the following table includes information on this fixed-price production by area . where necessary , the prices have been adjusted for certain transportation costs that are netted against the prices recorded by devon. .\nQuestion: in the year of 2005, what would have been the equivalent, in us dollars, of 20 canadian dollars?\n"
},
{
"role": "agent",
"content": "16.4"
}
] |
CONVFINQA1942
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfor purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group . based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index . based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) . each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle . see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle . stock options the personnel committee and in the case of the named executive officers ( other than mr . leonard , mr . denault and mr . smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting \"burn rate\" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr . leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded . the following table sets forth the number of stock options granted to each named executive officer in 2008 . the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . <table class='wikitable'><tr><td>1</td><td>named exeutive officer</td><td>stock options</td></tr><tr><td>2</td><td>j . wayne leonard</td><td>175000</td></tr><tr><td>3</td><td>leo p . denault</td><td>50000</td></tr><tr><td>4</td><td>richard j . smith</td><td>35000</td></tr><tr><td>5</td><td>e . renae conley</td><td>15600</td></tr><tr><td>6</td><td>hugh t . mcdonald</td><td>7000</td></tr><tr><td>7</td><td>haley fisackerly</td><td>5000</td></tr><tr><td>8</td><td>joseph f . domino</td><td>7000</td></tr><tr><td>9</td><td>roderick k . west</td><td>8000</td></tr><tr><td>10</td><td>theodore h . bunting jr .</td><td>18000</td></tr><tr><td>11</td><td>carolyn shanks</td><td>7000</td></tr></table> the option grants awarded to the named executive officers ( other than mr . leonard and mr . lewis ) ranged in amount between 5000 and 50000 shares . mr . lewis did not receive any stock option awards in 2008 . in the case of mr . leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer . among other things , the committee noted that .\nQuestion: what is the total value of stock options for leo p. denault?\n"
},
{
"role": "agent",
"content": "5410000.0"
}
] |
CONVFINQA9850
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively . the firm has elected the fair value option for certain securities financing agreements . for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented . december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value . ( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value . ( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value . ( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value . there were no securities loaned accounted for at fair value at december 31 , 2011 . the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed . the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s . agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. . <table class='wikitable'><tr><td>1</td><td>december 31 ( in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>securities purchased under resale agreements ( a )</td><td>$ 295413</td><td>$ 235000</td></tr><tr><td>3</td><td>securities borrowed ( b )</td><td>119017</td><td>142462</td></tr><tr><td>4</td><td>securities sold under repurchase agreements ( c )</td><td>$ 215560</td><td>$ 197789</td></tr><tr><td>5</td><td>securities loaned ( d )</td><td>23582</td><td>14214</td></tr></table> jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively . the firm has elected the fair value option for certain securities financing agreements . for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented . december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value . ( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value . ( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value . ( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value . there were no securities loaned accounted for at fair value at december 31 , 2011 . the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed . the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s . agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. .\nQuestion: what is the amount of securities borrowed in 2012?\n"
},
{
"role": "agent",
"content": "119017.0"
}
] |
CONVFINQA8614
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe authorized costs of $ 76 are to be recovered via a surcharge over a twenty-year period beginning october 2012 . surcharges collected as of december 31 , 2015 and 2014 were $ 4 and $ 5 , respectively . in addition to the authorized costs , the company expects to incur additional costs totaling $ 34 , which will be recovered from contributions made by the california state coastal conservancy . contributions collected as of december 31 , 2015 and 2014 were $ 8 and $ 5 , respectively . regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded . regulatory balancing accounts include low income programs and purchased power and water accounts . debt expense is amortized over the lives of the respective issues . call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates . purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s california subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey subsidiary . as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 . tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service . other regulatory assets include certain deferred business transformation costs , construction costs for treatment facilities , property tax stabilization , employee-related costs , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others . these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods . regulatory liabilities the regulatory liabilities generally represent probable future reductions in revenues associated with amounts that are to be credited or refunded to customers through the rate-making process . the following table summarizes the composition of regulatory liabilities as of december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>removal costs recovered through rates</td><td>$ 311</td><td>$ 301</td></tr><tr><td>3</td><td>pension and other postretirement benefitbalancing accounts</td><td>59</td><td>54</td></tr><tr><td>4</td><td>other</td><td>32</td><td>37</td></tr><tr><td>5</td><td>total regulatory liabilities</td><td>$ 402</td><td>$ 392</td></tr></table> removal costs recovered through rates are estimated costs to retire assets at the end of their expected useful life that are recovered through customer rates over the life of the associated assets . in december 2008 , the company 2019s subsidiary in new jersey , at the direction of the new jersey puc , began to depreciate $ 48 of the total balance into depreciation and amortization expense in the consolidated statements of operations via straight line amortization through november 2048 . pension and other postretirement benefit balancing accounts represent the difference between costs incurred and costs authorized by the puc 2019s that are expected to be refunded to customers. .\nQuestion: what was the total of removal costs in 2015?\nAnswer: 311.0\nQuestion: and what was it in 2014?\nAnswer: 301.0\nQuestion: what was, then, the change over the year?\nAnswer: 10.0\nQuestion: and what is this change as a portion of the 2014 total?\n"
},
{
"role": "agent",
"content": "0.03322"
}
] |
CONVFINQA6279
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table provides the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms over the next five years and thereafter: . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount</td></tr><tr><td>2</td><td>2019</td><td>$ 17</td></tr><tr><td>3</td><td>2020</td><td>15</td></tr><tr><td>4</td><td>2021</td><td>12</td></tr><tr><td>5</td><td>2022</td><td>11</td></tr><tr><td>6</td><td>2023</td><td>6</td></tr><tr><td>7</td><td>thereafter</td><td>80</td></tr></table> the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company , and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners . the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act . the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years . the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) . as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases . the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis . the carrying value of the facilities funded by the company recognized as a capital lease asset was $ 147 million and $ 150 million as of december 31 , 2018 and 2017 , respectively , which is presented in property , plant and equipment on the consolidated balance sheets . the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs . as of december 31 , 2018 , the minimum annual future rental commitment under the operating leases for the portion of the facilities funded by the partners that have initial or remaining non-cancelable lease terms in excess of one year included in the preceding minimum annual rental commitments are $ 4 million in 2019 through 2023 , and $ 59 million thereafter . note 20 : segment information the company 2019s operating segments are comprised of the revenue-generating components of its businesses for which separate financial information is internally produced and regularly used by management to make operating decisions and assess performance . the company operates its businesses primarily through one reportable segment , the regulated businesses segment . the company also operates market-based businesses that provide a broad range of related and complementary water and wastewater services within non-reportable operating segments , collectively referred to as the market-based businesses . the regulated businesses segment is the largest component of the company 2019s business and includes 20 subsidiaries that provide water and wastewater services to customers in 16 states . the company 2019s primary market-based businesses include the homeowner services group , which provides warranty protection programs to residential and smaller commercial customers ; the military services group , which provides water and wastewater services to the u.s . government on military installations ; and keystone , which provides water transfer services for shale natural gas exploration and production companies. .\nQuestion: what is the total amount of the years 2019 and 2020?\nAnswer: 32.0\nQuestion: and what is the total amount of the years 2021 and 2022?\nAnswer: 23.0\nQuestion: and what is the total amount of the years 2023 and thereafter?\n"
},
{
"role": "agent",
"content": "86.0"
}
] |
CONVFINQA7664
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncompared to earlier levels . the pre-tax non-cash impairments of certain mineral rights and real estate discussed above under the caption fffdland and development impairments fffd are not included in segment income . liquidity and capital resources on january 29 , 2018 , we announced that a definitive agreement had been signed for us to acquire all of the outstanding shares of kapstone for $ 35.00 per share and the assumption of approximately $ 1.36 billion in net debt , for a total enterprise value of approximately $ 4.9 billion . in contemplation of the transaction , on march 6 , 2018 , we issued $ 600.0 million aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2025 and $ 600.0 million aggregate principal amount of 4.0% ( 4.0 % ) senior notes due 2028 in an unregistered offering pursuant to rule 144a and regulation s under the securities act of 1933 , as amended ( the fffdsecurities act fffd ) . in addition , on march 7 , 2018 , we entered into the delayed draw credit facilities ( as hereinafter defined ) that provide for $ 3.8 billion of senior unsecured term loans . on november 2 , 2018 , in connection with the closing of the kapstone acquisition , we drew upon the facility in full . the proceeds of the delayed draw credit facilities ( as hereinafter defined ) and other sources of cash were used to pay the consideration for the kapstone acquisition , to repay certain existing indebtedness of kapstone and to pay fees and expenses incurred in connection with the kapstone acquisition . we fund our working capital requirements , capital expenditures , mergers , acquisitions and investments , restructuring activities , dividends and stock repurchases from net cash provided by operating activities , borrowings under our credit facilities , proceeds from our new a/r sales agreement ( as hereinafter defined ) , proceeds from the sale of property , plant and equipment removed from service and proceeds received in connection with the issuance of debt and equity securities . see fffdnote 13 . debt fffdtt of the notes to consolidated financial statements for additional information . funding for our domestic operations in the foreseeable future is expected to come from sources of liquidity within our domestic operations , including cash and cash equivalents , and available borrowings under our credit facilities . as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations . at september 30 , 2018 , excluding the delayed draw credit facilities , we had approximately $ 3.2 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 . this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases . certain restrictive covenants govern our maximum availability under the credit facilities . we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2018 . at september 30 , 2018 , we had $ 104.9 million of outstanding letters of credit not drawn cash and cash equivalents were $ 636.8 million at september 30 , 2018 and $ 298.1 million at september 30 , 2017 . we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition . approximately 20% ( 20 % ) of the cash and cash equivalents at september 30 , 2018 were held outside of the u.s . at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current . at september 30 , 2017 , total debt was $ 6554.8 million , $ 608.7 million of which was current . cash flow activityy . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>year ended september 30 , 2018</td><td>year ended september 30 , 2017</td><td>year ended september 30 , 2016</td></tr><tr><td>2</td><td>net cash provided by operating activities</td><td>$ 2420.9</td><td>$ 1900.5</td><td>$ 1688.4</td></tr><tr><td>3</td><td>net cash used for investing activities</td><td>$ -1298.9 ( 1298.9 )</td><td>$ -1285.8 ( 1285.8 )</td><td>$ -1351.4 ( 1351.4 )</td></tr><tr><td>4</td><td>net cash used for financing activities</td><td>$ -755.1 ( 755.1 )</td><td>$ -655.4 ( 655.4 )</td><td>$ -231.0 ( 231.0 )</td></tr></table> net cash provided by operating activities during fiscal 2018 increased $ 520.4 million from fiscal 2017 primarily due to higher cash earnings and lower cash taxes due to the impact of the tax act . net cash provided by operating activities during fiscal 2017 increased $ 212.1 million from fiscal 2016 primarily due to a $ 111.6 million net increase in cash flow from working capital changes plus higher after-tax cash proceeds from our land and development segment fffds accelerated monetization . the changes in working capital in fiscal 2018 , 2017 and 2016 included a .\nQuestion: what was the net cash used for investing activities for the year ended 9/30/18?\nAnswer: 1298.9\nQuestion: and the net cash used for financing activities during that year?\nAnswer: 755.1\nQuestion: combining these two values, what is the total net cash used?\nAnswer: 2054.0\nQuestion: and the net cash from operations?\n"
},
{
"role": "agent",
"content": "366.9"
}
] |
CONVFINQA3407
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 . acquisitions latapack-ball embalagens ltda . ( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a . this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market . as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture . latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment . in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting . the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date . the valuation was based on market and income approaches. . <table class='wikitable'><tr><td>1</td><td>cash</td><td>$ 69.3</td></tr><tr><td>2</td><td>current assets</td><td>84.7</td></tr><tr><td>3</td><td>property plant and equipment</td><td>265.9</td></tr><tr><td>4</td><td>goodwill</td><td>100.2</td></tr><tr><td>5</td><td>intangible asset</td><td>52.8</td></tr><tr><td>6</td><td>current liabilities</td><td>-53.2 ( 53.2 )</td></tr><tr><td>7</td><td>long-term liabilities</td><td>-174.1 ( 174.1 )</td></tr><tr><td>8</td><td>net assets acquired</td><td>$ 345.6</td></tr><tr><td>9</td><td>noncontrolling interests</td><td>$ -132.9 ( 132.9 )</td></tr></table> noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years . the intangible asset is being amortized on a straight-line basis . neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash . neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions . neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people . the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date . guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc . ball has owned 35 percent of the joint venture plant since 1992 . ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates . the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting . the purchase accounting was completed during the third quarter of 2010 . the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .\nQuestion: what percentage of the total of net assets acquired was due to goodwill?\nAnswer: 0.28993\nQuestion: and what percentage was due to property plant and equipment?\n"
},
{
"role": "agent",
"content": "0.76939"
}
] |
CONVFINQA1801
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrisks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2016</td><td>$ 301.2</td></tr><tr><td>4</td><td>2015</td><td>53.8</td></tr><tr><td>5</td><td>2014</td><td>56.3</td></tr><tr><td>6</td><td>2013</td><td>194.0</td></tr><tr><td>7</td><td>2012</td><td>410.0</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .\nQuestion: what was the change in pre-tax catastrophe losses from 2015 to 2016?\nAnswer: 247.4\nQuestion: and what was the total of pre-tax catastrophe losses in 2015?\n"
},
{
"role": "agent",
"content": "53.8"
}
] |
CONVFINQA1394
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninformation about stock options at december 31 , 2007 follows: . <table class='wikitable'><tr><td>1</td><td>december 31 2007shares in thousandsrange of exercise prices</td><td>options outstanding shares</td><td>options outstanding weighted- averageexercise price</td><td>options outstanding weighted-average remaining contractual life ( in years )</td><td>options outstanding shares</td><td>weighted-averageexercise price</td></tr><tr><td>2</td><td>$ 37.43 2013 $ 46.99</td><td>1444</td><td>$ 43.05</td><td>4.0</td><td>1444</td><td>$ 43.05</td></tr><tr><td>3</td><td>47.00 2013 56.99</td><td>3634</td><td>53.43</td><td>5.4</td><td>3022</td><td>53.40</td></tr><tr><td>4</td><td>57.00 2013 66.99</td><td>3255</td><td>60.32</td><td>5.2</td><td>2569</td><td>58.96</td></tr><tr><td>5</td><td>67.00 2013 76.23</td><td>5993</td><td>73.03</td><td>5.5</td><td>3461</td><td>73.45</td></tr><tr><td>6</td><td>total</td><td>14326</td><td>$ 62.15</td><td>5.3</td><td>10496</td><td>$ 59.95</td></tr></table> ( a ) the weighted-average remaining contractual life was approximately 4.2 years . at december 31 , 2007 , there were approximately 13788000 options in total that were vested and are expected to vest . the weighted-average exercise price of such options was $ 62.07 per share , the weighted-average remaining contractual life was approximately 5.2 years , and the aggregate intrinsic value at december 31 , 2007 was approximately $ 92 million . stock options granted in 2005 include options for 30000 shares that were granted to non-employee directors that year . no such options were granted in 2006 or 2007 . awards granted to non-employee directors in 2007 include 20944 deferred stock units awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment under sfas 123r until such awards are paid to the participants as cash . as there are no vestings or service requirements on these awards , total compensation expense is recognized in full on all awarded units on the date of grant . the weighted-average grant-date fair value of options granted in 2007 , 2006 and 2005 was $ 11.37 , $ 10.75 and $ 9.83 per option , respectively . to determine stock-based compensation expense under sfas 123r , the grant-date fair value is applied to the options granted with a reduction made for estimated forfeitures . at december 31 , 2006 and 2005 options for 10743000 and 13582000 shares of common stock , respectively , were exercisable at a weighted-average price of $ 58.38 and $ 56.58 , respectively . the total intrinsic value of options exercised during 2007 , 2006 and 2005 was $ 52 million , $ 111 million and $ 31 million , respectively . at december 31 , 2007 the aggregate intrinsic value of all options outstanding and exercisable was $ 94 million and $ 87 million , respectively . cash received from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 111 million , $ 233 million and $ 98 million , respectively . the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 39 million , $ 82 million and $ 34 million , respectively . there were no options granted in excess of market value in 2007 , 2006 or 2005 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 40116726 at december 31 , 2007 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 41787400 shares at december 31 , 2007 , which includes shares available for issuance under the incentive plans , the employee stock purchase plan as described below , and a director plan . during 2007 , we issued approximately 2.1 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we intend to utilize treasury stock for future stock option exercises . as discussed in note 1 accounting policies , we adopted the fair value recognition provisions of sfas 123 prospectively to all employee awards including stock options granted , modified or settled after january 1 , 2003 . as permitted under sfas 123 , we recognized compensation expense for stock options on a straight-line basis over the pro rata vesting period . total compensation expense recognized related to pnc stock options in 2007 was $ 29 million compared with $ 31 million in 2006 and $ 29 million in 2005 . pro forma effects a table is included in note 1 accounting policies that sets forth pro forma net income and basic and diluted earnings per share as if compensation expense had been recognized under sfas 123 and 123r , as amended , for stock options for 2005 . for purposes of computing stock option expense and 2005 pro forma results , we estimated the fair value of stock options using the black-scholes option pricing model . the model requires the use of numerous assumptions , many of which are very subjective . therefore , the 2005 pro forma results are estimates of results of operations as if compensation expense had been recognized for all stock-based compensation awards and are not indicative of the impact on future periods. .\nQuestion: what was the total intrinsic value of options exercised during 2007?\nAnswer: 52.0\nQuestion: and in 2006?\nAnswer: 111.0\nQuestion: so what was the total value for these two years combined?\nAnswer: 163.0\nQuestion: and adding in 2005 as well?\n"
},
{
"role": "agent",
"content": "194.0"
}
] |
CONVFINQA7600
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 identifies the company 2019s aggregate contractual obligations due by payment period : payments due by period . <table class='wikitable'><tr><td>1</td><td>-</td><td>total</td><td>less than 1 year</td><td>1-3 years</td><td>3-5 years</td><td>more than 5 years</td></tr><tr><td>2</td><td>property and casualty obligations [1]</td><td>$ 21885</td><td>$ 5777</td><td>$ 6150</td><td>$ 3016</td><td>$ 6942</td></tr><tr><td>3</td><td>life annuity and disability obligations [2]</td><td>281998</td><td>18037</td><td>37318</td><td>40255</td><td>186388</td></tr><tr><td>4</td><td>long-term debt obligations [3]</td><td>9093</td><td>536</td><td>1288</td><td>1613</td><td>5656</td></tr><tr><td>5</td><td>operating lease obligations</td><td>723</td><td>175</td><td>285</td><td>162</td><td>101</td></tr><tr><td>6</td><td>purchase obligations [4] [5]</td><td>1764</td><td>1614</td><td>120</td><td>14</td><td>16</td></tr><tr><td>7</td><td>other long-term liabilities reflected onthe balance sheet [6] [7]</td><td>1642</td><td>1590</td><td>2014</td><td>52</td><td>2014</td></tr><tr><td>8</td><td>total</td><td>$ 317105</td><td>$ 27729</td><td>$ 45161</td><td>$ 45112</td><td>$ 199103</td></tr></table> [1] the following points are significant to understanding the cash flows estimated for obligations under property and casualty contracts : reserves for property & casualty unpaid claim and claim adjustment expenses include case reserves for reported claims and reserves for claims incurred but not reported ( ibnr ) . while payments due on claim reserves are considered contractual obligations because they relate to insurance policies issued by the company , the ultimate amount to be paid to settle both case reserves and ibnr is an estimate , subject to significant uncertainty . the actual amount to be paid is not determined until the company reaches a settlement with the claimant . final claim settlements may vary significantly from the present estimates , particularly since many claims will not be settled until well into the future . in estimating the timing of future payments by year , the company has assumed that its historical payment patterns will continue . however , the actual timing of future payments will likely vary materially from these estimates due to , among other things , changes in claim reporting and payment patterns and large unanticipated settlements . in particular , there is significant uncertainty over the claim payment patterns of asbestos and environmental claims . also , estimated payments in 2005 do not include payments that will be made on claims incurred in 2005 on policies that were in force as of december 31 , 2004 . in addition , the table does not include future cash flows related to the receipt of premiums that will be used , in part , to fund loss payments . under generally accepted accounting principles , the company is only permitted to discount reserves for claim and claim adjustment expenses in cases where the payment pattern and ultimate loss costs are fixed and reliably determinable on an individual claim basis . for the company , these include claim settlements with permanently disabled claimants and certain structured settlement contracts that fund loss runoffs for unrelated parties . as of december 31 , 2004 , the total property and casualty reserves in the above table of $ 21885 are gross of the reserve discount of $ 556 . [2] estimated life , annuity and disability obligations include death and disability claims , policy surrenders , policyholder dividends and trail commissions offset by expected future deposits and premiums on in-force contracts . estimated contractual policyholder obligations are based on mortality , morbidity and lapse assumptions comparable with life 2019s historical experience , modified for recent observed trends . life has also assumed market growth and interest crediting consistent with assumptions used in amortizing deferred acquisition costs . in contrast to this table , the majority of life 2019s obligations are recorded on the balance sheet at the current account value , as described in critical accounting estimates , and do not incorporate an expectation of future market growth , interest crediting , or future deposits . therefore , the estimated contractual policyholder obligations presented in this table significantly exceed the liabilities recorded in reserve for future policy benefits and unpaid claims and claim adjustment expenses , other policyholder funds and benefits payable and separate account liabilities . due to the significance of the assumptions used , the amounts presented could materially differ from actual results . as separate account obligations are legally insulated from general account obligations , the separate account obligations will be fully funded by cash flows from separate account assets . life expects to fully fund the general account obligations from cash flows from general account investments and future deposits and premiums . [3] includes contractual principal and interest payments . payments exclude amounts associated with fair-value hedges of certain of the company 2019s long-term debt . all long-term debt obligations have fixed rates of interest . long-term debt obligations also includes principal and interest payments of $ 700 and $ 2.4 billion , respectively , related to junior subordinated debentures which are callable beginning in 2006 . see note 14 of notes to consolidated financial statements for additional discussion of long-term debt obligations . [4] includes $ 1.4 billion in commitments to purchase investments including $ 330 of limited partnerships and $ 299 of mortgage loans . outstanding commitments under these limited partnerships and mortgage loans are included in payments due in less than 1 year since the timing of funding these commitments cannot be estimated . the remaining $ 759 relates to payables for securities purchased which are reflected on the company 2019s consolidated balance sheet . [5] includes estimated contribution of $ 200 to the company 2019s pension plan in 2005 . [6] as of december 31 , 2004 , the company has accepted cash collateral of $ 1.6 billion in connection with the company 2019s securities lending program and derivative instruments . since the timing of the return of the collateral is uncertain , the return of the collateral has been included in the payments due in less than 1 year . [7] includes $ 52 in collateralized loan obligations ( 201cclos 201d ) issued to third-party investors by a consolidated investment management entity sponsored by the company in connection with synthetic clo transactions . the clo investors have no recourse to the company 2019s assets other than the dedicated assets collateralizing the clos . refer to note 4 of notes to consolidated financial statements for additional discussion of .\nQuestion: what percentage do the aggregate contractual obligations due for property and casualty obligations in less than 1 year represent in relation to the total obligations for that segment?\nAnswer: 0.26397\nQuestion: and what is the total of those aggregate contractual obligations that are due in up to three years?\nAnswer: 72890.0\nQuestion: how much does this total represent in relation to the total of all obligations?\n"
},
{
"role": "agent",
"content": "0.22986"
}
] |
CONVFINQA2534
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 , 2010 , 2009 , and 2008 ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions . ( 4 ) non-recourse debt of $ 708 million as of december 31 , 2009 was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets . non-recourse debt as of december 31 , 2010 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) . <table class='wikitable'><tr><td>1</td><td>december 31,</td><td>annual maturities ( in millions )</td></tr><tr><td>2</td><td>2011</td><td>$ 2577</td></tr><tr><td>3</td><td>2012</td><td>657</td></tr><tr><td>4</td><td>2013</td><td>953</td></tr><tr><td>5</td><td>2014</td><td>1839</td></tr><tr><td>6</td><td>2015</td><td>1138</td></tr><tr><td>7</td><td>thereafter</td><td>7957</td></tr><tr><td>8</td><td>total non-recourse debt</td><td>$ 15121</td></tr></table> as of december 31 , 2010 , aes subsidiaries with facilities under construction had a total of approximately $ 432 million of committed but unused credit facilities available to fund construction and other related costs . excluding these facilities under construction , aes subsidiaries had approximately $ 893 million in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs . these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses . the weighted average interest rate on borrowings from these facilities was 3.24% ( 3.24 % ) at december 31 , 2010 . non-recourse debt covenants , restrictions and defaults the terms of the company 2019s non-recourse debt include certain financial and non-financial covenants . these covenants are limited to subsidiary activity and vary among the subsidiaries . these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness . compliance with certain covenants may not be objectively determinable . as of december 31 , 2010 and 2009 , approximately $ 803 million and $ 653 million , respectively , of restricted cash was maintained in accordance with certain covenants of the non-recourse debt agreements , and these amounts were included within 201crestricted cash 201d and 201cdebt service reserves and other deposits 201d in the accompanying consolidated balance sheets . various lender and governmental provisions restrict the ability of certain of the company 2019s subsidiaries to transfer their net assets to the parent company . such restricted net assets of subsidiaries amounted to approximately $ 5.4 billion at december 31 , 2010. .\nQuestion: as of december 31, 2010, what was the amount of the non-recourse debt due in 2012?\n"
},
{
"role": "agent",
"content": "657.0"
}
] |
CONVFINQA585
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2006</td><td>$ 740507</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>96454</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-80258 ( 80258 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>756703</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>101321</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11766 ( 11766 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>846258</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>103.698</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>10</td><td>balance december 31 2009</td><td>$ 938087</td></tr></table> .\nQuestion: combined, what were the additions in 2006 and 207?\nAnswer: 197775.0\nQuestion: and in 2008?\nAnswer: 103.698\nQuestion: and converting this value into millions?\nAnswer: 103698.0\nQuestion: now combined with the values from 2006 and 2007?\n"
},
{
"role": "agent",
"content": "301473.0"
}
] |
CONVFINQA9578
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2011 compared to 2010 mfc 2019s net sales for 2011 increased $ 533 million , or 8% ( 8 % ) , compared to 2010 . the increase was attributable to higher volume of about $ 420 million on air and missile defense programs ( primarily pac-3 and thaad ) ; and about $ 245 million from fire control systems programs primarily related to the sof clss program , which began late in the third quarter of 2010 . partially offsetting these increases were lower net sales due to decreased volume of approximately $ 75 million primarily from various services programs and approximately $ 20 million from tactical missile programs ( primarily mlrs and jassm ) . mfc 2019s operating profit for 2011 increased $ 96 million , or 10% ( 10 % ) , compared to 2010 . the increase was attributable to higher operating profit of about $ 60 million for air and missile defense programs ( primarily pac-3 and thaad ) as a result of increased volume and retirement of risks ; and approximately $ 25 million for various services programs . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 35 million higher in 2011 compared to 2010 . backlog backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs . backlog increased in 2011 compared to 2010 primarily due to increased orders on air and missile defense programs ( primarily thaad ) . trends we expect mfc 2019s net sales for 2013 will be comparable with 2012 . we expect low double digit percentage growth in air and missile defense programs , offset by an expected decline in volume on logistics services programs . operating profit and margin are expected to be comparable with 2012 results . mission systems and training our mst business segment provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems . mst 2019s major programs include aegis , mk-41 vertical launching system ( vls ) , tpq-53 radar system , mh-60 , lcs , and ptds . mst 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net sales</td><td>$ 7579</td><td>$ 7132</td><td>$ 7443</td></tr><tr><td>3</td><td>operating profit</td><td>737</td><td>645</td><td>713</td></tr><tr><td>4</td><td>operating margins</td><td>9.7% ( 9.7 % )</td><td>9.0% ( 9.0 % )</td><td>9.6% ( 9.6 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>10700</td><td>10500</td><td>10600</td></tr></table> 2012 compared to 2011 mst 2019s net sales for 2012 increased $ 447 million , or 6% ( 6 % ) , compared to 2011 . the increase in net sales for 2012 was attributable to higher volume and risk retirements of approximately $ 395 million from ship and aviation system programs ( primarily ptds ; lcs ; vls ; and mh-60 ) ; about $ 115 million for training and logistics solutions programs primarily due to net sales from sim industries , which was acquired in the fourth quarter of 2011 ; and approximately $ 30 million as a result of increased volume on integrated warfare systems and sensors programs ( primarily aegis ) . partially offsetting the increases were lower net sales of approximately $ 70 million from undersea systems programs due to lower volume on an international combat system program and towed array systems ; and about $ 25 million due to lower volume on various other programs . mst 2019s operating profit for 2012 increased $ 92 million , or 14% ( 14 % ) , compared to 2011 . the increase was attributable to higher operating profit of approximately $ 175 million from ship and aviation system programs , which reflects higher volume and risk retirements on certain programs ( primarily vls ; ptds ; mh-60 ; and lcs ) and reserves of about $ 55 million for contract cost matters on ship and aviation system programs recorded in the fourth quarter of 2011 ( including the terminated presidential helicopter program ) . partially offsetting the increase was lower operating profit of approximately $ 40 million from undersea systems programs due to reduced profit booking rates on certain programs and lower volume on an international combat system program and towed array systems ; and about $ 40 million due to lower volume on various other programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 150 million higher for 2012 compared to 2011. .\nQuestion: what was the operating profit for mst in 2011?\nAnswer: 645.0\nQuestion: and what was it in 2010?\nAnswer: 713.0\nQuestion: what was, then, the change over the year?\nAnswer: -68.0\nQuestion: and how much does this change represent in relation to that operating profit in 2010?\n"
},
{
"role": "agent",
"content": "-0.09537"
}
] |
CONVFINQA5800
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhumana inc . notes to consolidated financial statements 2014 ( continued ) in any spe transactions . the adoption of fin 46 or fin 46-r did not have a material impact on our financial position , results of operations , or cash flows . in december 2004 , the fasb issued statement no . 123r , share-based payment , or statement 123r , which requires companies to expense the fair value of employee stock options and other forms of stock-based compensation . this requirement represents a significant change because fixed-based stock option awards , a predominate form of stock compensation for us , were not recognized as compensation expense under apb 25 . statement 123r requires the cost of the award , as determined on the date of grant at fair value , be recognized over the period during which an employee is required to provide service in exchange for the award ( usually the vesting period ) . the grant-date fair value of the award will be estimated using option-pricing models . we are required to adopt statement 123r no later than july 1 , 2005 under one of three transition methods , including a prospective , retrospective and combination approach . we previously disclosed on page 67 the effect of expensing stock options under a fair value approach using the black-scholes pricing model for 2004 , 2003 and 2002 . we currently are evaluating all of the provisions of statement 123r and the expected effect on us including , among other items , reviewing compensation strategies related to stock-based awards , selecting an option pricing model and determining the transition method . in march 2004 , the fasb issued eitf issue no . 03-1 , or eitf 03-1 , the meaning of other-than- temporary impairment and its application to certain investments . eitf 03-1 includes new guidance for evaluating and recording impairment losses on certain debt and equity investments when the fair value of the investment security is less than its carrying value . in september 2004 , the fasb delayed the previously scheduled third quarter 2004 effective date until the issuance of additional implementation guidance , expected in 2005 . upon issuance of a final standard , we will evaluate the impact on our consolidated financial position and results of operations . 3 . acquisitions on february 16 , 2005 , we acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company . careplus provides medicare advantage hmo plans and benefits to medicare eligible members in miami-dade , broward and palm beach counties . this acquisition enhances our medicare market position in south florida . we paid approximately $ 450 million in cash including estimated transaction costs , subject to a balance sheet settlement process with a nine month claims run-out period . we currently are in the process of allocating the purchase price to the net tangible and intangible assets . on april 1 , 2004 , we acquired ochsner health plan , or ochsner , from the ochsner clinic foundation . ochsner is a louisiana health benefits company offering network-based managed care plans to employer-groups and medicare eligible members . this acquisition enabled us to enter a new market with significant market share which should facilitate new sales opportunities in this and surrounding markets , including houston , texas . we paid $ 157.1 million in cash , including transaction costs . the fair value of the tangible assets ( liabilities ) as of the acquisition date are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 15270</td></tr><tr><td>3</td><td>investment securities</td><td>84527</td></tr><tr><td>4</td><td>premiums receivable and other current assets</td><td>20616</td></tr><tr><td>5</td><td>property and equipment and other assets</td><td>6847</td></tr><tr><td>6</td><td>medical and other expenses payable</td><td>-71063 ( 71063 )</td></tr><tr><td>7</td><td>other current liabilities</td><td>-21604 ( 21604 )</td></tr><tr><td>8</td><td>other liabilities</td><td>-82 ( 82 )</td></tr><tr><td>9</td><td>net tangible assets acquired</td><td>$ 34511</td></tr></table> .\nQuestion: what was the total value of cash and cash equivalents and investment securities, combined?\nAnswer: 99797.0\nQuestion: and what is the total value of premiums receivable and other current assets and property and equipment and other assets, also combined?\n"
},
{
"role": "agent",
"content": "27463.0"
}
] |
CONVFINQA6059
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfinancial assurance we must provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts . we satisfy these financial assurance requirements by providing surety bonds , letters of credit , or insurance policies ( financial assurance instruments ) , or trust deposits , which are included in restricted cash and marketable securities and other assets in our consolidated balance sheets . the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations . the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill . generally , states require a third-party engineering specialist to determine the estimated capping , closure and post-closure costs that are used to determine the required amount of financial assurance for a landfill . the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s . gaap . the amount of the financial assurance requirements related to contract performance varies by contract . additionally , we must provide financial assurance for our insurance program and collateral for certain performance obligations . we do not expect a material increase in financial assurance requirements during 2018 , although the mix of financial assurance instruments may change . these financial assurance instruments are issued in the normal course of business and are not considered indebtedness . because we currently have no liability for the financial assurance instruments , they are not reflected in our consolidated balance sheets ; however , we record capping , closure and post-closure liabilities and insurance liabilities as they are incurred . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and financial assurances , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . free cash flow we define free cash flow , which is not a measure determined in accordance with u.s . gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment , as presented in our consolidated statements of cash flows . the following table calculates our free cash flow for the years ended december 31 , 2017 , 2016 and 2015 ( in millions of dollars ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 1910.7</td><td>$ 1847.8</td><td>$ 1679.7</td></tr><tr><td>3</td><td>purchases of property and equipment</td><td>-989.8 ( 989.8 )</td><td>-927.8 ( 927.8 )</td><td>-945.6 ( 945.6 )</td></tr><tr><td>4</td><td>proceeds from sales of property and equipment</td><td>6.1</td><td>9.8</td><td>21.2</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 927.0</td><td>$ 929.8</td><td>$ 755.3</td></tr></table> for a discussion of the changes in the components of free cash flow , see our discussion regarding cash flows provided by operating activities and cash flows used in investing activities contained elsewhere in this management 2019s discussion and analysis of financial condition and results of operations. .\nQuestion: what was the total free cash flow in 2016?\nAnswer: 929.8\nQuestion: and what was it in 2015?\nAnswer: 755.3\nQuestion: what was, then, the change over the year?\n"
},
{
"role": "agent",
"content": "174.5"
}
] |
CONVFINQA4900
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 in march 2008 , the fasb issued guidance which requires entities to provide greater transparency about ( a ) how and why an entity uses derivative instruments , ( b ) how derivative instruments and related hedged items are accounted , and ( c ) how derivative instruments and related hedged items affect an entity 2019s financial position , results of operations , and cash flows . this guidance was effective on january 1 , 2009 . the adoption of this guidance did not have a material impact on our consolidated financial statements . in june 2009 , the fasb issued guidance on accounting for transfers of financial assets . this guidance amends various components of the existing guidance governing sale accounting , including the recog- nition of assets obtained and liabilities assumed as a result of a transfer , and considerations of effective control by a transferor over transferred assets . in addition , this guidance removes the exemption for qualifying special purpose entities from the consolidation guidance . this guidance is effective january 1 , 2010 , with early adoption prohibited . while the amended guidance governing sale accounting is applied on a prospec- tive basis , the removal of the qualifying special purpose entity exception will require us to evaluate certain entities for consolidation . while we are evaluating the effect of adoption of this guidance , we currently believe that its adoption will not have a material impact on our consolidated financial statement . in june 2009 , the fasb amended the guidance for determin- ing whether an entity is a variable interest entity , or vie , and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a vie . under this guidance , an entity would be required to consolidate a vie if it has ( i ) the power to direct the activities that most significantly impact the entity 2019s economic performance and ( ii ) the obligation to absorb losses of the vie or the right to receive benefits from the vie that could be significant to the vie . this guidance is effective for the first annual reporting period that begins after november 15 , 2009 , with early adoption prohibited . while we are currently evaluating the effect of adoption of this guidance , we currently believe that its adoption will not have a material impact on our consoli- dated financial statements . note 3 / property acquisitions 2009 acquisitions during 2009 , we acquired the sub-leasehold positions at 420 lexington avenue for an aggregate purchase price of approximately $ 15.9 million . 2008 acquisitions in february 2008 , we , through our joint venture with jeff sutton , acquired the properties located at 182 broadway and 63 nassau street for approximately $ 30.0 million in the aggregate . these properties are located adjacent to 180 broadway which we acquired in august 2007 . as part of the acquisition we also closed on a $ 31.0 million loan which bears interest at 225 basis points over the 30-day libor . the loan has a three-year term and two one-year extensions . we drew down $ 21.1 mil- lion at the closing to pay the balance of the acquisition costs . during the second quarter of 2008 , we , through a joint ven- ture with nysters , acquired various interests in the fee positions at 919 third avenue for approximately $ 32.8 million . as a result , our joint venture controls the entire fee position . 2007 acquisitions in january 2007 , we acquired reckson for approximately $ 6.0 billion , inclusive of transaction costs . simultaneously , we sold approximately $ 2.0 billion of the reckson assets to an asset purchasing venture led by certain of reckson 2019s former executive management . the transaction included the acquisition of 30 properties encompassing approximately 9.2 million square feet , of which five properties encompassing approxi- mately 4.2 million square feet are located in manhattan . the following summarizes our allocation of the purchase price to the assets and liabilities acquired from reckson ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>land</td><td>$ 766727</td></tr><tr><td>2</td><td>building</td><td>3724962</td></tr><tr><td>3</td><td>investment in joint venture</td><td>65500</td></tr><tr><td>4</td><td>structured finance investments</td><td>136646</td></tr><tr><td>5</td><td>acquired above-market leases</td><td>24661</td></tr><tr><td>6</td><td>other assets net of other liabilities</td><td>30473</td></tr><tr><td>7</td><td>acquired in-place leases</td><td>175686</td></tr><tr><td>8</td><td>assets acquired</td><td>4924655</td></tr><tr><td>9</td><td>acquired below-market leases</td><td>422177</td></tr><tr><td>10</td><td>minority interest</td><td>401108</td></tr><tr><td>11</td><td>liabilities acquired</td><td>823285</td></tr><tr><td>12</td><td>net assets acquired</td><td>$ 4101370</td></tr></table> .\nQuestion: what is the 9 times 1000?\nAnswer: 9000.0\nQuestion: how many million square feet were purchased?\nAnswer: 9.2\nQuestion: what is the first product divided by the total square feet?\n"
},
{
"role": "agent",
"content": "978.26087"
}
] |
CONVFINQA5537
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) as of december 31 , 2006 , the company held a total of ten interest rate swap agreements to manage exposure to variable rate interest obligations under its amt opco and spectrasite credit facilities and four forward starting interest rate swap agreements to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the securitization which the company designated as cash flow hedges . the eight american tower swaps had an aggregate notional amount of $ 450.0 million and fixed rates ranging between 4.63% ( 4.63 % ) and 4.88% ( 4.88 % ) and the two spectrasite swaps have an aggregate notional amount of $ 100.0 million and a fixed rate of 4.95% ( 4.95 % ) . the four forward starting interest rate swap agreements had an aggregate notional amount of $ 900.0 million , fixed rates ranging between 4.73% ( 4.73 % ) and 5.10% ( 5.10 % ) . as of december 31 , 2006 , the company also held three interest rate swap instruments and one interest rate cap instrument that were acquired in the spectrasite , inc . merger in august 2005 and were not designated as cash flow hedges . the three interest rate swaps , which had a fair value of $ 6.7 million at the date of acquisition , have an aggregate notional amount of $ 300.0 million , a fixed rate of 3.88% ( 3.88 % ) . the interest rate cap had a notional amount of $ 175.0 million , a fixed rate of 7.0% ( 7.0 % ) , and expired in february 2006 . as of december 31 , 2006 , other comprehensive income includes unrealized gains on short term available-for-sale securities of $ 10.4 million and unrealized gains related to the interest rate swap agreements in the table above of $ 5.7 million , net of tax . during the year ended december 31 , 2006 , the company recorded a net unrealized gain of approximately $ 6.5 million ( net of a tax provision of approximately $ 3.5 million ) in other comprehensive loss for the change in fair value of interest rate swaps designated as cash flow hedges and reclassified $ 0.7 million ( net of an income tax benefit of $ 0.2 million ) into results of operations during the year ended december 31 , 2006 . 9 . commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are recognized on a straight-line basis over the non-cancelable term of the lease . ( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2007 are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 217969</td></tr><tr><td>2</td><td>2009</td><td>215763</td></tr><tr><td>3</td><td>2010</td><td>208548</td></tr><tr><td>4</td><td>2011</td><td>199024</td></tr><tr><td>5</td><td>2012</td><td>190272</td></tr><tr><td>6</td><td>thereafter</td><td>2451496</td></tr><tr><td>7</td><td>total</td><td>$ 3483072</td></tr></table> aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2007 , 2006 and 2005 approximated $ 246.4 million , $ 237.0 million and $ 168.7 million , respectively. .\nQuestion: what was the aggregate rent expense in 2007?\nAnswer: 246.4\nQuestion: and what was it in 2006?\nAnswer: 237.0\nQuestion: what was, then, the change over the year?\n"
},
{
"role": "agent",
"content": "9.4"
}
] |
CONVFINQA45
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 net decrease in the 2016 effective tax rate was due , in part , to the 2016 asset impairments in the u.s . and to the current year benefit related to a restructuring of one of our brazilian businesses that increases tax basis in long-term assets . further , the 2015 rate was impacted by the items described below . see note 20 2014asset impairment expense for additional information regarding the 2016 u.s . asset impairments . income tax expense increased $ 101 million , or 27% ( 27 % ) , to $ 472 million in 2015 . the company's effective tax rates were 41% ( 41 % ) and 26% ( 26 % ) for the years ended december 31 , 2015 and 2014 , respectively . the net increase in the 2015 effective tax rate was due , in part , to the nondeductible 2015 impairment of goodwill at our u.s . utility , dp&l and chilean withholding taxes offset by the release of valuation allowance at certain of our businesses in brazil , vietnam and the u.s . further , the 2014 rate was impacted by the sale of approximately 45% ( 45 % ) of the company 2019s interest in masin aes pte ltd. , which owns the company 2019s business interests in the philippines and the 2014 sale of the company 2019s interests in four u.k . wind operating projects . neither of these transactions gave rise to income tax expense . see note 15 2014equity for additional information regarding the sale of approximately 45% ( 45 % ) of the company 2019s interest in masin-aes pte ltd . see note 23 2014dispositions for additional information regarding the sale of the company 2019s interests in four u.k . wind operating projects . our effective tax rate reflects the tax effect of significant operations outside the u.s. , which are generally taxed at rates lower than the u.s . statutory rate of 35% ( 35 % ) . a future proportionate change in the composition of income before income taxes from foreign and domestic tax jurisdictions could impact our periodic effective tax rate . the company also benefits from reduced tax rates in certain countries as a result of satisfying specific commitments regarding employment and capital investment . see note 21 2014income taxes for additional information regarding these reduced rates . foreign currency transaction gains ( losses ) foreign currency transaction gains ( losses ) in millions were as follows: . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>aes corporation</td><td>$ -50 ( 50 )</td><td>$ -31 ( 31 )</td><td>$ -34 ( 34 )</td></tr><tr><td>3</td><td>chile</td><td>-9 ( 9 )</td><td>-18 ( 18 )</td><td>-30 ( 30 )</td></tr><tr><td>4</td><td>colombia</td><td>-8 ( 8 )</td><td>29</td><td>17</td></tr><tr><td>5</td><td>mexico</td><td>-8 ( 8 )</td><td>-6 ( 6 )</td><td>-14 ( 14 )</td></tr><tr><td>6</td><td>philippines</td><td>12</td><td>8</td><td>11</td></tr><tr><td>7</td><td>united kingdom</td><td>13</td><td>11</td><td>12</td></tr><tr><td>8</td><td>argentina</td><td>37</td><td>124</td><td>66</td></tr><tr><td>9</td><td>other</td><td>-2 ( 2 )</td><td>-10 ( 10 )</td><td>-17 ( 17 )</td></tr><tr><td>10</td><td>total ( 1 )</td><td>$ -15 ( 15 )</td><td>$ 107</td><td>$ 11</td></tr></table> total ( 1 ) $ ( 15 ) $ 107 $ 11 _____________________________ ( 1 ) includes gains of $ 17 million , $ 247 million and $ 172 million on foreign currency derivative contracts for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the company recognized a net foreign currency transaction loss of $ 15 million for the year ended december 31 , 2016 primarily due to losses of $ 50 million at the aes corporation mainly due to remeasurement losses on intercompany notes , and losses on swaps and options . this loss was partially offset by gains of $ 37 million in argentina , mainly due to the favorable impact of foreign currency derivatives related to government receivables . the company recognized a net foreign currency transaction gain of $ 107 million for the year ended december 31 , 2015 primarily due to gains of : 2022 $ 124 million in argentina , due to the favorable impact from foreign currency derivatives related to government receivables , partially offset by losses from the devaluation of the argentine peso associated with u.s . dollar denominated debt , and losses at termoandes ( a u.s . dollar functional currency subsidiary ) primarily associated with cash and accounts receivable balances in local currency , 2022 $ 29 million in colombia , mainly due to the depreciation of the colombian peso , positively impacting chivor ( a u.s . dollar functional currency subsidiary ) due to liabilities denominated in colombian pesos , 2022 $ 11 million in the united kingdom , mainly due to the depreciation of the pound sterling , resulting in gains at ballylumford holdings ( a u.s . dollar functional currency subsidiary ) associated with intercompany notes payable denominated in pound sterling , and .\nQuestion: what was the total of foreign currency transaction gains ( losses ) for aes corporation in 2015, in millions?\nAnswer: -31.0\nQuestion: and what was it in 2014, also in millions?\nAnswer: -34.0\nQuestion: by how much, then, did that total change over the period?\n"
},
{
"role": "agent",
"content": "3.0"
}
] |
CONVFINQA7797
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 26 of 100 our calculation of adjusted net earnings is summarized below: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>net earnings attributable to ball corporation as reported</td><td>$ 468.0</td><td>$ 387.9</td><td>$ 319.5</td></tr><tr><td>3</td><td>discontinued operations net of tax</td><td>74.9</td><td>2.2</td><td>-4.6 ( 4.6 )</td></tr><tr><td>4</td><td>business consolidation activities net of tax</td><td>-9.3 ( 9.3 )</td><td>13.0</td><td>27.1</td></tr><tr><td>5</td><td>gains and equity earnings related to acquisitions net of tax</td><td>-105.9 ( 105.9 )</td><td>2212</td><td>2212</td></tr><tr><td>6</td><td>gain on dispositions net of tax</td><td>2212</td><td>-30.7 ( 30.7 )</td><td>-4.4 ( 4.4 )</td></tr><tr><td>7</td><td>debt refinancing costs net of tax</td><td>5.3</td><td>2212</td><td>2212</td></tr><tr><td>8</td><td>adjusted net earnings</td><td>$ 433.0</td><td>$ 372.4</td><td>$ 337.6</td></tr><tr><td>9</td><td>per diluted share from continuing operations as reported</td><td>$ 2.96</td><td>$ 2.05</td><td>$ 1.62</td></tr><tr><td>10</td><td>per diluted share as adjusted</td><td>2.36</td><td>1.96</td><td>1.74</td></tr></table> debt facilities and refinancing interest-bearing debt at december 31 , 2010 , increased $ 216.1 million to $ 2.8 billion from $ 2.6 billion at december 31 , 2009 . in december 2010 , ball replaced its senior credit facilities due october 2011 with new senior credit facilities due december 2015 . the senior credit facilities bear interest at variable rates and include a $ 200 million term a loan denominated in u.s . dollars , a a351 million term b loan denominated in british sterling and a 20ac100 million term c loan denominated in euros . the facilities also include ( 1 ) a multi-currency , long-term revolving credit facility that provides the company with up to approximately $ 850 million and ( 2 ) a french multi-currency revolving facility that provides the company with up to $ 150 million . the revolving credit facilities expire in december 2015 . in november 2010 , ball issued $ 500 million of new 5.75 percent senior notes due in may 2021 . the net proceeds from this offering were used to repay the borrowings under our term d loan facility and for general corporate purposes . in march 2010 , ball issued $ 500 million of new 6.75 percent senior notes due in september 2020 . on that same date , the company issued a notice of redemption to call $ 509 million in 6.875 percent senior notes due december 2012 at a redemption price of 101.146 percent of the outstanding principal amount plus accrued interest . the redemption of the bonds occurred on april 21 , 2010 , and resulted in a charge of $ 8.1 million for the call premium and the write off of unamortized financing costs and unamortized premiums . the charge is included in the 2010 statement of earnings as a component of interest expense . at december 31 , 2010 , approximately $ 976 million was available under the company 2019s committed multi-currency revolving credit facilities . the company 2019s prc operations also had approximately $ 20 million available under a committed credit facility of approximately $ 52 million . in addition to the long-term committed credit facilities , the company had $ 372 million of short-term uncommitted credit facilities available at the end of 2010 , of which $ 76.2 million was outstanding and due on demand , as well as approximately $ 175 million of available borrowings under its accounts receivable securitization program . in october 2010 , the company renewed its receivables sales agreement for a period of one year . the size of the new program will vary between a maximum of $ 125 million for settlement dates in january through april and a maximum of $ 175 million for settlement dates in the remaining months . given our free cash flow projections and unused credit facilities that are available until december 2015 , our liquidity is strong and is expected to meet our ongoing operating cash flow and debt service requirements . while the recent financial and economic conditions have raised concerns about credit risk with counterparties to derivative transactions , the company mitigates its exposure by spreading the risk among various counterparties and limiting exposure to any one party . we also monitor the credit ratings of our suppliers , customers , lenders and counterparties on a regular basis . we were in compliance with all loan agreements at december 31 , 2010 , and all prior years presented , and have met all debt payment obligations . the u.s . note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness . additional details about our debt and receivables sales agreements are available in notes 12 and 6 , respectively , accompanying the consolidated financial statements within item 8 of this report. .\nQuestion: what was net earnings per diluted share in 2010?\nAnswer: 2.36\nQuestion: what was net earnings per diluted share in 2009?\n"
},
{
"role": "agent",
"content": "1.96"
}
] |
CONVFINQA299
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncontingencies we are exposed to certain known contingencies that are material to our investors . the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k . these contingencies may have a material effect on our liquidity , capital resources or results of operations . in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes . we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies . we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business . off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business . contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2019</td><td>2020 - 2021</td><td>2022 - 2023</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>long-term debt including interest ( 1 )</td><td>$ 508</td><td>$ 1287</td><td>$ 3257</td><td>$ 8167</td><td>$ 13219</td></tr><tr><td>3</td><td>operating leases</td><td>167</td><td>244</td><td>159</td><td>119</td><td>689</td></tr><tr><td>4</td><td>data acquisition</td><td>289</td><td>467</td><td>135</td><td>4</td><td>895</td></tr><tr><td>5</td><td>purchase obligations ( 2 )</td><td>17</td><td>22</td><td>15</td><td>8</td><td>62</td></tr><tr><td>6</td><td>commitments to unconsolidated affiliates ( 3 )</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>benefit obligations ( 4 )</td><td>25</td><td>27</td><td>29</td><td>81</td><td>162</td></tr><tr><td>8</td><td>uncertain income tax positions ( 5 )</td><td>17</td><td>2014</td><td>2014</td><td>2014</td><td>17</td></tr><tr><td>9</td><td>total</td><td>$ 1023</td><td>$ 2047</td><td>$ 3595</td><td>$ 8379</td><td>$ 15044</td></tr></table> ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 . ( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions . ( 3 ) we are currently committed to invest $ 120 million in private equity funds . as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid . ( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans . we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 . due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 . ( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .\nQuestion: what was the change in benefits obligations from 2018 to 2019, in millions?\nAnswer: -6.0\nQuestion: and what was the total of benefits obligations in 2018, also in millions?\nAnswer: 31.0\nQuestion: how much does that change represent in relation to this 2018 total, in percentage?\n"
},
{
"role": "agent",
"content": "-0.19355"
}
] |
CONVFINQA10714
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 the volume/weather variance is primarily due to an increase in electricity usage in the residential and commercial sectors due in part to a 4% ( 4 % ) increase in the average number of residential customers and a 3% ( 3 % ) increase in the average number of commercial customers , partially offset by the effect of less favorable weather on residential sales . gross operating revenues gross operating revenues decreased primarily due to : a decrease of $ 16.2 million in electric fuel cost recovery revenues due to lower fuel rates ; a decrease of $ 15.4 million in gross gas revenues primarily due to lower fuel cost recovery revenues as a result of lower fuel rates and the effect of milder weather ; and formula rate plan decreases effective october 2010 and october 2011 , as discussed above . the decrease was partially offset by an increase in gross wholesale revenue due to increased sales to affiliated customers and more favorable volume/weather , as discussed above . 2010 compared to 2009 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 2010 to 2009 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2009 net revenue</td><td>$ 243.0</td></tr><tr><td>3</td><td>volume/weather</td><td>17.0</td></tr><tr><td>4</td><td>net gas revenue</td><td>14.2</td></tr><tr><td>5</td><td>effect of 2009 rate case settlement</td><td>-6.6 ( 6.6 )</td></tr><tr><td>6</td><td>other</td><td>5.3</td></tr><tr><td>7</td><td>2010 net revenue</td><td>$ 272.9</td></tr></table> the volume/weather variance is primarily due to an increase of 348 gwh , or 7% ( 7 % ) , in billed retail electricity usage primarily due to more favorable weather compared to last year . the net gas revenue variance is primarily due to more favorable weather compared to last year , along with the recognition of a gas regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plans . see note 2 to the financial statements for further discussion of the formula rate plan settlement . the effect of 2009 rate case settlement variance results from the april 2009 settlement of entergy new orleans 2019s rate case , and includes the effects of realigning non-fuel costs associated with the operation of grand gulf from the fuel adjustment clause to electric base rates effective june 2009 . see note 2 to the financial statements for further discussion of the rate case settlement . other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to the deferral in 2011 of $ 13.4 million of 2010 michoud plant maintenance costs pursuant to the settlement of entergy new orleans 2019s 2010 test year formula rate plan filing approved by the city council in september 2011 and a decrease of $ 8.0 million in fossil- fueled generation expenses due to higher plant outage costs in 2010 due to a greater scope of work at the michoud plant . see note 2 to the financial statements for more discussion of the 2010 test year formula rate plan filing. .\nQuestion: what was the total net revenue for 2009 and 2010?\n"
},
{
"role": "agent",
"content": "515.9"
}
] |
CONVFINQA201
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 north american consumer packaging net sales in 2011, in millions?\nAnswer: 2500.0\nQuestion: what was the total sales in 2011?\n"
},
{
"role": "agent",
"content": "3710.0"
}
] |
CONVFINQA263
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 ( 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 ) these notes are senior secured notes of marathon oil canada corporation . the notes are 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 . ( i ) these obligations as of december 31 , 2009 include $ 36 million related to assets under construction at that date for which a capital lease will commence upon completion of construction . the amounts currently reported are based upon the percent of construction completed as of december 31 , 2009 and therefore do not reflect future minimum lease obligations of $ 164 million related to the asset . ( j ) payments of long-term debt for the years 2010 - 2014 are $ 102 million , $ 246 million , $ 1492 million , $ 287 million and $ 802 million . united steel is due to pay $ 17 million in 2010 , $ 161 million in 2011 , $ 19 million in 2012 , and $ 11 for year 2014 . ( k ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 662 million at december 31 , 2009 , may be declared immediately due and payable . ( l ) see note 16 for information on interest rate swaps . 20 . asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2009 2008 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>asset retirement obligations as of january 1</td><td>$ 965</td><td>$ 1134</td></tr><tr><td>3</td><td>liabilities incurred including acquisitions</td><td>14</td><td>30</td></tr><tr><td>4</td><td>liabilities settled</td><td>-65 ( 65 )</td><td>-94 ( 94 )</td></tr><tr><td>5</td><td>accretion expense ( included in depreciation depletion and amortization )</td><td>64</td><td>66</td></tr><tr><td>6</td><td>revisions to previous estimates</td><td>124</td><td>24</td></tr><tr><td>7</td><td>held for sale</td><td>-</td><td>-195 ( 195 )</td></tr><tr><td>8</td><td>asset retirement obligations as of december 31 ( a )</td><td>$ 1102</td><td>$ 965</td></tr></table> asset retirement obligations as of december 31 ( a ) $ 1102 $ 965 ( a ) includes asset retirement obligation of $ 3 and $ 2 million classified as short-term at december 31 , 2009 , and 2008. .\nQuestion: what was the net difference in asset retirement obligations between 2008 and 2009?\nAnswer: 137.0\nQuestion: what was the percent change?\n"
},
{
"role": "agent",
"content": "0.14197"
}
] |
CONVFINQA4050
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , news corporation class a common stock , scripps network interactive , inc. , time warner , inc. , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on september 18 , 2008 , the date upon which our common stock began trading , in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the period september 18 , 2008 through december 31 , 2008 and the years ended december 31 , 2009 , 2010 , 2011 , and 2012 . december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 312008</td><td>december 312009</td><td>december 312010</td><td>december 312011</td><td>december 312012</td></tr><tr><td>2</td><td>disca</td><td>$ 102.53</td><td>$ 222.09</td><td>$ 301.96</td><td>$ 296.67</td><td>$ 459.67</td></tr><tr><td>3</td><td>discb</td><td>$ 78.53</td><td>$ 162.82</td><td>$ 225.95</td><td>$ 217.56</td><td>$ 327.11</td></tr><tr><td>4</td><td>disck</td><td>$ 83.69</td><td>$ 165.75</td><td>$ 229.31</td><td>$ 235.63</td><td>$ 365.63</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 74.86</td><td>$ 92.42</td><td>$ 104.24</td><td>$ 104.23</td><td>$ 118.21</td></tr><tr><td>6</td><td>peer group</td><td>$ 68.79</td><td>$ 100.70</td><td>$ 121.35</td><td>$ 138.19</td><td>$ 190.58</td></tr></table> equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2013 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .\nQuestion: what was the value of discb in 2012?\n"
},
{
"role": "agent",
"content": "327.11"
}
] |
CONVFINQA10185
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninterest-earning assets including unearned income in the accretion of fair value adjustments on discounts recognized on acquired or purchased loans is recognized based on the constant effective yield of the financial instrument . the timing and amount of revenue that we recognize in any period is dependent on estimates , judgments , assumptions , and interpretation of contractual terms . changes in these factors can have a significant impact on revenue recognized in any period due to changes in products , market conditions or industry norms . residential and commercial mortgage servicing rights we elect to measure our residential mortgage servicing rights ( msrs ) at fair value . this election was made to be consistent with our risk management strategy to hedge changes in the fair value of these assets as described below . the fair value of residential msrs is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows , taking into consideration actual and expected mortgage loan prepayment rates , discount rates , servicing costs , and other economic factors which are determined based on current market conditions . assumptions incorporated into the residential msrs valuation model reflect management 2019s best estimate of factors that a market participant would use in valuing the residential msrs . although sales of residential msrs do occur , residential msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . as a benchmark for the reasonableness of its residential msrs fair value , pnc obtains opinions of value from independent parties ( 201cbrokers 201d ) . these brokers provided a range ( +/- 10 bps ) based upon their own discounted cash flow calculations of our portfolio that reflected conditions in the secondary market , and any recently executed servicing transactions . pnc compares its internally-developed residential msrs value to the ranges of values received from the brokers . if our residential msrs fair value falls outside of the brokers 2019 ranges , management will assess whether a valuation adjustment is warranted . for 2011 and 2010 , pnc 2019s residential msrs value has not fallen outside of the brokers 2019 ranges . we consider our residential msrs value to represent a reasonable estimate of fair value . commercial msrs are purchased or originated when loans are sold with servicing retained . commercial msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . commercial msrs are initially recorded at fair value and are subsequently accounted for at the lower of amortized cost or fair value . commercial msrs are periodically evaluated for impairment . for purposes of impairment , the commercial mortgage servicing rights are stratified based on asset type , which characterizes the predominant risk of the underlying financial asset . the fair value of commercial msrs is estimated by using an internal valuation model . the model calculates the present value of estimated future net servicing cash flows considering estimates of servicing revenue and costs , discount rates and prepayment speeds . pnc employs risk management strategies designed to protect the value of msrs from changes in interest rates and related market factors . residential msrs values are economically hedged with securities and derivatives , including interest-rate swaps , options , and forward mortgage-backed and futures contracts . as interest rates change , these financial instruments are expected to have changes in fair value negatively correlated to the change in fair value of the hedged residential msrs portfolio . the hedge relationships are actively managed in response to changing market conditions over the life of the residential msrs assets . commercial msrs are economically hedged at a macro level or with specific derivatives to protect against a significant decline in interest rates . selecting appropriate financial instruments to economically hedge residential or commercial msrs requires significant management judgment to assess how mortgage rates and prepayment speeds could affect the future values of msrs . hedging results can frequently be less predictable in the short term , but over longer periods of time are expected to protect the economic value of the msrs . the fair value of residential and commercial msrs and significant inputs to the valuation model as of december 31 , 2011 are shown in the tables below . the expected and actual rates of mortgage loan prepayments are significant factors driving the fair value . management uses a third-party model to estimate future residential loan prepayments and internal proprietary models to estimate future commercial loan prepayments . these models have been refined based on current market conditions . future interest rates are another important factor in the valuation of msrs . management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates . the forward rates utilized are derived from the current yield curve for u.s . dollar interest rate swaps and are consistent with pricing of capital markets instruments . changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate . residential mortgage servicing rights dollars in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>dollars in millions</td><td>december 31 2011</td><td>december 312010</td></tr><tr><td>2</td><td>fair value</td><td>$ 647</td><td>$ 1033</td></tr><tr><td>3</td><td>weighted-average life ( in years ) ( a )</td><td>3.6</td><td>5.8</td></tr><tr><td>4</td><td>weighted-average constant prepayment rate ( a )</td><td>22.10% ( 22.10 % )</td><td>12.61% ( 12.61 % )</td></tr><tr><td>5</td><td>weighted-average option adjusted spread</td><td>11.77% ( 11.77 % )</td><td>12.18% ( 12.18 % )</td></tr></table> weighted-average constant prepayment rate ( a ) 22.10% ( 22.10 % ) 12.61% ( 12.61 % ) weighted-average option adjusted spread 11.77% ( 11.77 % ) 12.18% ( 12.18 % ) ( a ) changes in weighted-average life and weighted-average constant prepayment rate reflect the cumulative impact of changes in rates , prepayment expectations and model changes . the pnc financial services group , inc . 2013 form 10-k 65 .\nQuestion: what was the change in the fair value from 2010 to 2011?\nAnswer: 386.0\nQuestion: and what was the fair value in 2010?\nAnswer: 1033.0\nQuestion: how much, then, does that change represent in relation to this 2010 fair value?\nAnswer: 0.37367\nQuestion: and how much is that in percentage?\n"
},
{
"role": "agent",
"content": "37.36689"
}
] |
CONVFINQA8088
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .\nQuestion: what was the change in weighted-average estimated fair values of stock options granted between 2013 and 2014?\nAnswer: 0.47\nQuestion: and the percentage change during this time?\nAnswer: 0.08918\nQuestion: what was the change in expected volatility between 2012 and 2013?\nAnswer: 1.1\nQuestion: so what was the percentage change during this time?\n"
},
{
"role": "agent",
"content": "0.03957"
}
] |
CONVFINQA3655
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhigher average borrowings . additionally , the recapitalization that occurred late in the first quarter of 2005 resulted in a full year of interest in 2006 as compared to approximately ten months in 2005 . the increase in interest expense in 2005 as compared to 2004 also resulted from the recapitalization in 2005 . income tax expense income tax expense totaled $ 150.2 million , $ 116.1 million and $ 118.3 million for 2006 , 2005 and 2004 , respectively . this resulted in an effective tax rate of 37.2% ( 37.2 % ) , 37.2% ( 37.2 % ) and 37.6% ( 37.6 % ) for 2006 , 2005 and 2004 , respectively . net earnings net earnings totaled $ 259.1 million , $ 196.6 and $ 189.4 million for 2006 , 2005 and 2004 , respectively , or $ 1.37 , $ 1.53 and $ 1.48 per diluted share , respectively . segment results of operations transaction processing services ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>processing and services revenues</td><td>$ 2458777</td><td>$ 1208430</td><td>$ 892033</td></tr><tr><td>3</td><td>cost of revenues</td><td>1914148</td><td>904124</td><td>667078</td></tr><tr><td>4</td><td>gross profit</td><td>544629</td><td>304306</td><td>224955</td></tr><tr><td>5</td><td>selling general and administrative expenses</td><td>171106</td><td>94889</td><td>99581</td></tr><tr><td>6</td><td>research and development costs</td><td>70879</td><td>85702</td><td>54038</td></tr><tr><td>7</td><td>operating income</td><td>$ 302644</td><td>$ 123715</td><td>$ 71336</td></tr></table> revenues for the transaction processing services segment are derived from three main revenue channels ; enterprise solutions , integrated financial solutions and international . revenues from transaction processing services totaled $ 2458.8 million , $ 1208.4 and $ 892.0 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1250.4 million during 2006 , as compared to 2005 was primarily attributable to the certegy merger which contributed $ 1067.2 million to the overall increase . the majority of the remaining 2006 growth is attributable to organic growth within the historically owned integrated financial solutions and international revenue channels , with international including $ 31.9 million related to the newly formed business process outsourcing operation in brazil . the overall segment increase of $ 316.4 in 2005 as compared to 2004 results from the inclusion of a full year of results for the 2004 acquisitions of aurum , sanchez , kordoba , and intercept , which contributed $ 301.1 million of the increase . cost of revenues for the transaction processing services segment totaled $ 1914.1 million , $ 904.1 million and $ 667.1 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1010.0 million during 2006 as compared to 2005 was primarily attributable to the certegy merger which contributed $ 848.2 million to the increase . gross profit as a percentage of revenues ( 201cgross margin 201d ) was 22.2% ( 22.2 % ) , 25.2% ( 25.2 % ) and 25.2% ( 25.2 % ) for 2006 , 2005 and 2004 , respectively . the decrease in gross profit in 2006 as compared to 2005 is primarily due to the february 1 , 2006 certegy merger , which businesses typically have lower margins than those of the historically owned fis businesses . incremental intangible asset amortization relating to the certegy merger also contributed to the decrease in gross margin . included in cost of revenues was depreciation and amortization of $ 272.4 million , $ 139.8 million , and $ 94.6 million for 2006 , 2005 and 2004 , respectively . selling , general and administrative expenses totaled $ 171.1 million , $ 94.9 million and $ 99.6 million for 2006 , 2005 and 2004 , respectively . the increase in 2006 compared to 2005 is primarily attributable to the certegy merger which contributed $ 73.7 million to the overall increase of $ 76.2 million . the decrease of $ 4.7 million in 2005 as compared to 2004 is primarily attributable to the effect of acquisition related costs in 2004 . included in selling , general and administrative expenses was depreciation and amortization of $ 11.0 million , $ 9.1 million and $ 2.3 million for 2006 , 2005 and 2004 , respectively. .\nQuestion: what was the total in net earnings in 2006, in thousands?\n"
},
{
"role": "agent",
"content": "259100.0"
}
] |
CONVFINQA10248
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 186.16</td><td>$ 162.81</td><td>$ 207.65</td><td>$ 151.43</td><td>$ 293.33</td></tr><tr><td>3</td><td>s&p 500</td><td>115.06</td><td>117.49</td><td>136.30</td><td>180.44</td><td>205.14</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>96.84</td><td>102.07</td><td>120.66</td><td>153.85</td><td>194.33</td></tr></table> .\nQuestion: what is the value of an investment in edwards lifesciences in 2014?\n"
},
{
"role": "agent",
"content": "293.33"
}
] |
CONVFINQA1439
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 . ( b ) the bonds are secured by a series of collateral first mortgage bonds . ( c ) in december 2005 , entergy corporation sold 10 million equity units with a stated amount of $ 50 each . an equity unit consisted of ( 1 ) a note , initially due february 2011 and initially bearing interest at an annual rate of 5.75% ( 5.75 % ) , and ( 2 ) a purchase contract that obligated the holder of the equity unit to purchase for $ 50 between 0.5705 and 0.7074 shares of entergy corporation common stock on or before february 17 , 2009 . entergy paid the holders quarterly contract adjustment payments of 1.875% ( 1.875 % ) per year on the stated amount of $ 50 per equity unit . under the terms of the purchase contracts , entergy attempted to remarket the notes in february 2009 but was unsuccessful , the note holders put the notes to entergy , entergy retired the notes , and entergy issued 6598000 shares of common stock in the settlement of the purchase contracts . ( d ) pursuant to the nuclear waste policy act of 1982 , entergy's 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 ( e ) the fair value excludes lease obligations , long-term doe obligations , and the note payable to nypa , and includes debt due within one year . it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms . ( f ) entergy gulf states louisiana remains primarily liable for all of the long-term debt issued by entergy gulf states , inc . that was outstanding on december 31 , 2008 and 2007 . under a debt assumption agreement with entergy gulf states louisiana , entergy texas assumed approximately 46% ( 46 % ) of this long-term debt . the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2008 , 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>2009</td><td>$ 516019</td></tr><tr><td>3</td><td>2010</td><td>$ 763036</td></tr><tr><td>4</td><td>2011</td><td>$ 897367</td></tr><tr><td>5</td><td>2012</td><td>$ 3625459</td></tr><tr><td>6</td><td>2013</td><td>$ 579461</td></tr></table> in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above . in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization . if entergy's debt ratio exceeds this limit , or if entergy or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur . entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have received ferc long-term financing orders authorizing long-term securities issuances . entergy arkansas has .\nQuestion: what was the net difference in debt maturities between 2011 and 2012?\nAnswer: 2728092.0\nQuestion: what was the value of debt maturities in 2011?\n"
},
{
"role": "agent",
"content": "897367.0"
}
] |
CONVFINQA1123
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 6 : allowance for uncollectible accounts the following table provides the changes in the allowances for uncollectible accounts 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>balance as of january 1</td><td>$ -42 ( 42 )</td><td>$ -40 ( 40 )</td><td>$ -39 ( 39 )</td></tr><tr><td>3</td><td>amounts charged to expense</td><td>-33 ( 33 )</td><td>-29 ( 29 )</td><td>-27 ( 27 )</td></tr><tr><td>4</td><td>amounts written off</td><td>34</td><td>30</td><td>29</td></tr><tr><td>5</td><td>recoveries of amounts written off</td><td>-4 ( 4 )</td><td>-3 ( 3 )</td><td>-3 ( 3 )</td></tr><tr><td>6</td><td>balance as of december 31</td><td>$ -45 ( 45 )</td><td>$ -42 ( 42 )</td><td>$ -40 ( 40 )</td></tr></table> note 7 : regulatory assets and liabilities regulatory assets regulatory assets represent costs that are probable of recovery from customers in future rates . the majority of the regulatory assets earn a return . the following table provides the composition of regulatory assets as of december 31 : 2018 2017 deferred pension expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 362 $ 285 removal costs recoverable through rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 292 269 regulatory balancing accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 113 san clemente dam project costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 89 debt expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 67 purchase premium recoverable through rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 57 deferred tank painting costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 42 make-whole premium on early extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 27 other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 112 total regulatory assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1156 $ 1061 the company 2019s deferred pension expense includes a portion of the underfunded status that is probable of recovery through rates in future periods of $ 352 million and $ 270 million as of december 31 , 2018 and 2017 , respectively . the remaining portion is the pension expense in excess of the amount contributed to the pension plans which is deferred by certain subsidiaries and will be recovered in future service rates as contributions are made to the pension plan . removal costs recoverable through rates represent costs incurred for removal of property , plant and equipment or other retirement costs . regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded . regulatory balancing accounts include low income programs and purchased power and water accounts . san clemente dam project costs represent costs incurred and deferred by the company 2019s utility subsidiary in california pursuant to its efforts to investigate alternatives and remove the dam due to potential earthquake and flood safety concerns . in june 2012 , the california public utilities commission ( 201ccpuc 201d ) issued a decision authorizing implementation of a project to reroute the carmel river and remove the san clemente dam . the project includes the company 2019s utility subsidiary in california , the california state conservancy and the national marine fisheries services . under the order 2019s terms , the cpuc has authorized recovery for .\nQuestion: what was the balance of noncollectable accounts?\nAnswer: 42.0\nQuestion: what is that balance times itself?\nAnswer: -42.0\nQuestion: what is the product less the december 31 balance?\n"
},
{
"role": "agent",
"content": "3.0"
}
] |
CONVFINQA120
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 1 ) adjusted other income ( expense ) excludes pension settlement charges of $ 37 million , $ 128 million , and $ 220 million , for the years ended 2018 , 2017 , and 2016 , respectively . ( 2 ) adjusted items are generally taxed at the estimated annual effective tax rate , except for the applicable tax impact associated with estimated restructuring plan expenses , legacy litigation , accelerated tradename amortization , impairment charges and non-cash pension settlement charges , which are adjusted at the related jurisdictional rates . in addition , tax expense excludes the tax impacts from the sale of certain assets and liabilities previously classified as held for sale as well as the tax adjustments recorded to finalize the 2017 accounting for the enactment date impact of the tax reform act recorded pursuant torr sab 118 . ( 3 ) adjusted net income from discontinued operations excludes the gain on sale of discontinued operations of $ 82 million , $ 779 million , and $ 0 million for the years ended 2018 , 2017 , and 2016 , respectively . adjusted net income from discontinued operations excludes intangible asset amortization of $ 0 million , $ 11rr million , and $ 120 million for the twelve months ended december 31 , 2018 , 2017 , and 2016 , respectively . the effective tax rate was further adjusted for the applicable tax impact associated with the gain on sale and intangible asset amortization , as applicable . free cash flow we use free cash flow , defined as cash flow provided by operations minus capital expenditures , as a non-gaap measure of our core operating performance and cash generating capabilities of our business operations . this supplemental information related to free cash flow represents a measure not in accordance with u.s . gaap and should be viewed in addition to , not instead of , our financial statements . the use of this non-gaap measure does not imply or represent the residual cash flow for discretionary expenditures . a reconciliation of this non-gaap measure to cash flow provided by operations is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>cash provided by continuing operating activities</td><td>$ 1686</td><td>$ 669</td><td>$ 1829</td></tr><tr><td>3</td><td>capital expenditures used for continuing operations</td><td>-240 ( 240 )</td><td>-183 ( 183 )</td><td>-156 ( 156 )</td></tr><tr><td>4</td><td>free cash flow provided by continuing operations</td><td>$ 1446</td><td>$ 486</td><td>$ 1673</td></tr></table> impact of foreign currency exchange rate fluctuations we conduct business in more than 120 countries and sovereignties and , because of this , foreign currency exchange rate fluctuations have a significant impact on our business . foreign currency exchange rate movements may be significant and may distort true period-to-period comparisons of changes in revenue or pretax income . therefore , to give financial statement users meaningful information about our operations , we have provided an illustration of the impact of foreign currency exchange rate fluctuations on our financial results . the methodology used to calculate this impact isolates the impact of the change in currencies between periods by translating the prior year 2019s revenue , expenses , and net income using the current year 2019s foreign currency exchange rates . translating prior year results at current year foreign currency exchange rates , currency fluctuations had a $ 0.08 favorable impact on net income per diluted share during the year ended december 31 , 2018 . currency fluctuations had a $ 0.12 favorable impact on net income per diluted share during the year ended december 31 , 2017 , when 2016 results were translated at 2017 rates . currency fluctuations had no impact on net income per diluted share during the year ended december 31 , 2016 , when 2015 results were translated at 2016 rates . translating prior year results at current year foreign currency exchange rates , currency fluctuations had a $ 0.09 favorable impact on adjusted net income per diluted share during the year ended december 31 , 2018 . currency fluctuations had a $ 0.08 favorable impact on adjusted net income per diluted share during the year ended december 31 , 2017 , when 2016 results were translated at 2017 rates . currency fluctuations had a $ 0.04 unfavorable impact on adjusted net income per diluted share during the year ended december 31 , 2016 , when 2015 results were translated at 2016 rates . these translations are performed for comparative purposes only and do not impact the accounting policies or practices for amounts included in the financial statements . competition and markets authority the u.k . 2019s competition regulator , the competition and markets authority ( the 201ccma 201d ) , conducted a market investigation into the supply and acquisition of investment consulting and fiduciary management services , including those offered by aon and its competitors in the u.k. , to assess whether any feature or combination of features in the target market prevents , restricts , or distorts competition . the cma issued a final report on december 12 , 2018 . the cma will draft a series of orders that will set out the detailed remedies , expected in first quarter of 2019 , when they will be subject to further public consultation . we do not anticipate the remedies to have a significant impact on the company 2019s consolidated financial position or business . financial conduct authority the fca is conducting a market study to assess how effectively competition is working in the wholesale insurance broker sector in the u.k . in which aon , through its subsidiaries , participates . the fca has indicated that the purpose of a market study is to assess the extent to which the market is working well in the interests of customers and to identify features of the market that may impact competition . depending on the study 2019s findings , the fca may require remedies in order to correct any features found .\nQuestion: what were the capital expenditures used for continuing operations in 2018?\nAnswer: 240.0\nQuestion: and what were they in 2017?\n"
},
{
"role": "agent",
"content": "183.0"
}
] |
CONVFINQA3683
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .\nQuestion: what is the net change in net interest income from 2011 to 2012?\nAnswer: 940.0\nQuestion: what is the net interest income in 2011?\n"
},
{
"role": "agent",
"content": "8700.0"
}
] |
CONVFINQA7443
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndirect 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 options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 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 , 2014 , 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>2015</td><td>$ 508</td><td>$ 253</td></tr><tr><td>3</td><td>2016</td><td>484</td><td>249</td></tr><tr><td>4</td><td>2017</td><td>429</td><td>246</td></tr><tr><td>5</td><td>2018</td><td>356</td><td>224</td></tr><tr><td>6</td><td>2019</td><td>323</td><td>210</td></tr><tr><td>7</td><td>later years</td><td>1625</td><td>745</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 3725</td><td>$ 1927</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-407 ( 407 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1520</td></tr></table> approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; 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 are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 . because of the uncertainty .\nQuestion: what is the total minimum lease payments for operating leases?\nAnswer: 3725.0\nQuestion: what is the total for capital leases?\nAnswer: 1927.0\nQuestion: what is the sum?\n"
},
{
"role": "agent",
"content": "5652.0"
}
] |
CONVFINQA9659
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph the following graph compares the yearly change in the cumulative total stockholder return for our last five full fiscal years , based upon the market price of our common stock , with the cumulative total return on a nasdaq composite index ( u.s . companies ) and a peer group , the nasdaq medical equipment-sic code 3840-3849 index , which is comprised of medical equipment companies , for that period . the performance graph assumes the investment of $ 100 on march 31 , 2006 in our common stock , the nasdaq composite index ( u.s . companies ) and the peer group index , and the reinvestment of any and all dividends. . <table class='wikitable'><tr><td>1</td><td>-</td><td>3/31/2006</td><td>3/31/2007</td><td>3/31/2008</td><td>3/31/2009</td><td>3/31/2010</td><td>3/31/2011</td></tr><tr><td>2</td><td>abiomed inc</td><td>100</td><td>105.89</td><td>101.86</td><td>37.98</td><td>80.00</td><td>112.64</td></tr><tr><td>3</td><td>nasdaq composite index</td><td>100</td><td>103.50</td><td>97.41</td><td>65.33</td><td>102.49</td><td>118.86</td></tr><tr><td>4</td><td>nasdaq medical equipment sic code 3840-3849</td><td>100</td><td>88.78</td><td>84.26</td><td>46.12</td><td>83.47</td><td>91.35</td></tr></table> this graph is not 201csoliciting material 201d under regulation 14a or 14c of the rules promulgated under the securities exchange act of 1934 , is not deemed filed with the securities and exchange commission and is not to be incorporated by reference in any of our filings under the securities act of 1933 , as amended , or the exchange act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing . transfer agent american stock transfer & trust company , 59 maiden lane , new york , ny 10038 , is our stock transfer agent. .\nQuestion: what was the value of the nasdaq composite index in 2009?\nAnswer: 65.33\nQuestion: what was the value in 2006?\nAnswer: 100.0\nQuestion: what is the net change?\nAnswer: -34.67\nQuestion: what is the change divided by the 2006 value?\n"
},
{
"role": "agent",
"content": "-0.3467"
}
] |
CONVFINQA9938
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart i item 1 . business our company founded in 1886 , american water works company , inc . ( the 201ccompany 201d or 201camerican water 201d ) is a holding company incorporated in delaware . american water is the largest and most geographically diverse investor owned publicly-traded united states water and wastewater utility company , as measured by both operating revenues and population served . we employ approximately 6700 professionals who provide drinking water , wastewater and other related services to an estimated 15 million people in 47 states , the district of columbia and ontario , canada . operating segments we conduct our business primarily through our regulated businesses segment . we also operate several market-based businesses that provide a broad range of related and complementary water and wastewater services , which include four operating segments that individually do not meet the criteria of a reportable segment in accordance with generally accepted accounting principles in the united states ( 201cgaap 201d ) . these four non- reportable operating segments are collectively presented as our 201cmarket-based businesses , 201d which is consistent with how management assesses the results of these businesses . additional information can be found in item 7 2014management 2019s discussion and analysis of financial condition and results of operations and note 19 2014segment information in the notes to consolidated financial statements . regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers . our subsidiaries that provide these services operate in approximately 1600 communities in 16 states in the united states and are generally subject to regulation by certain state commissions or other entities engaged in utility regulation , referred to as public utility commissions or ( 201cpucs 201d ) . the federal and state governments also regulate environmental , health and safety , and water quality matters . we report the results of the services provided by our utilities in our regulated businesses segment . our regulated businesses segment 2019s operating revenues were $ 2743 million for 2015 , $ 2674 million for 2014 and $ 2594 million for 2013 , accounting for 86.8% ( 86.8 % ) , 88.8% ( 88.8 % ) and 90.1% ( 90.1 % ) , respectively , of total operating revenues for the same periods . the following table summarizes our regulated businesses 2019 operating revenues , number of customers and estimated population served by state , each as of december 31 , 2015 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total . <table class='wikitable'><tr><td>1</td><td>new jersey</td><td>operatingrevenues ( in millions ) $ 704</td><td>% ( % ) of total 25.7% ( 25.7 % )</td><td>number ofcustomers 660580</td><td>% ( % ) of total 20.3% ( 20.3 % )</td><td>estimatedpopulationserved ( in millions ) 2.7</td><td>% ( % ) of total 22.3% ( 22.3 % )</td></tr><tr><td>2</td><td>pennsylvania</td><td>614</td><td>22.4% ( 22.4 % )</td><td>672407</td><td>20.7% ( 20.7 % )</td><td>2.3</td><td>19.0% ( 19.0 % )</td></tr><tr><td>3</td><td>illinois ( a )</td><td>270</td><td>9.8% ( 9.8 % )</td><td>313058</td><td>9.6% ( 9.6 % )</td><td>1.3</td><td>10.7% ( 10.7 % )</td></tr><tr><td>4</td><td>missouri</td><td>269</td><td>9.8% ( 9.8 % )</td><td>473245</td><td>14.5% ( 14.5 % )</td><td>1.5</td><td>12.4% ( 12.4 % )</td></tr><tr><td>5</td><td>indiana</td><td>206</td><td>7.5% ( 7.5 % )</td><td>295994</td><td>9.1% ( 9.1 % )</td><td>1.3</td><td>10.7% ( 10.7 % )</td></tr><tr><td>6</td><td>california</td><td>198</td><td>7.2% ( 7.2 % )</td><td>174942</td><td>5.4% ( 5.4 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>7</td><td>west virginia ( b )</td><td>129</td><td>4.7% ( 4.7 % )</td><td>169037</td><td>5.2% ( 5.2 % )</td><td>0.6</td><td>5.0% ( 5.0 % )</td></tr><tr><td>8</td><td>subtotal ( top seven states )</td><td>2390</td><td>87.1% ( 87.1 % )</td><td>2759263</td><td>84.8% ( 84.8 % )</td><td>10.3</td><td>85.1% ( 85.1 % )</td></tr><tr><td>9</td><td>other ( c )</td><td>353</td><td>12.9% ( 12.9 % )</td><td>493428</td><td>15.2% ( 15.2 % )</td><td>1.8</td><td>14.9% ( 14.9 % )</td></tr><tr><td>10</td><td>total regulated businesses</td><td>$ 2743</td><td>100.0% ( 100.0 % )</td><td>3252691</td><td>100.0% ( 100.0 % )</td><td>12.1</td><td>100.0% ( 100.0 % )</td></tr></table> ( a ) includes illinois-american water company and american lake water company . ( b ) includes west virginia-american water company and its subsidiary bluefield valley water works company . ( c ) includes data from our utilities in the following states : georgia , hawaii , iowa , kentucky , maryland , michigan , new york , tennessee and virginia. .\nQuestion: what is the estimated population served in missouri, in millions?\nAnswer: 1.5\nQuestion: and how much is that, not in millions?\nAnswer: 1500000.0\nQuestion: what is the number of customers in that same location?\nAnswer: 473245.0\nQuestion: how much, then, does the estimated population served represent in relation to the number of customers, in missouri?\n"
},
{
"role": "agent",
"content": "0.3155"
}
] |
CONVFINQA7342
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\nAnswer: 215.0\nQuestion: what was the value of statutory capital and surplus due to discount of certain a&e liabilities in 2008?\nAnswer: 211.0\nQuestion: what is the change in value?\nAnswer: 4.0\nQuestion: what was the amount in 2008?\n"
},
{
"role": "agent",
"content": "211.0"
}
] |
CONVFINQA7830
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncgmhi also has substantial borrowing arrangements consisting of facilities that cgmhi has been advised are available , but where no contractual lending obligation exists . these arrangements are reviewed on an ongoing basis to ensure flexibility in meeting cgmhi 2019s short-term requirements . the company issues both fixed and variable rate debt in a range of currencies . it uses derivative contracts , primarily interest rate swaps , to effectively convert a portion of its fixed rate debt to variable rate debt and variable rate debt to fixed rate debt . the maturity structure of the derivatives generally corresponds to the maturity structure of the debt being hedged . in addition , the company uses other derivative contracts to manage the foreign exchange impact of certain debt issuances . at december 31 , 2008 , the company 2019s overall weighted average interest rate for long-term debt was 3.83% ( 3.83 % ) on a contractual basis and 4.19% ( 4.19 % ) including the effects of derivative contracts . aggregate annual maturities of long-term debt obligations ( based on final maturity dates ) including trust preferred securities are as follows : in millions of dollars 2009 2010 2011 2012 2013 thereafter . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>thereafter</td></tr><tr><td>2</td><td>citigroup parent company</td><td>$ 13463</td><td>$ 17500</td><td>$ 19864</td><td>$ 21135</td><td>$ 17525</td><td>$ 102794</td></tr><tr><td>3</td><td>other citigroup subsidiaries</td><td>55853</td><td>16198</td><td>18607</td><td>2718</td><td>4248</td><td>11691</td></tr><tr><td>4</td><td>citigroup global markets holdings inc .</td><td>1524</td><td>2352</td><td>1487</td><td>2893</td><td>392</td><td>11975</td></tr><tr><td>5</td><td>citigroup funding inc .</td><td>17632</td><td>5381</td><td>2154</td><td>1253</td><td>3790</td><td>7164</td></tr><tr><td>6</td><td>total</td><td>$ 88472</td><td>$ 41431</td><td>$ 42112</td><td>$ 27999</td><td>$ 25955</td><td>$ 133624</td></tr></table> long-term debt at december 31 , 2008 and december 31 , 2007 includes $ 24060 million and $ 23756 million , respectively , of junior subordinated debt . the company formed statutory business trusts under the laws of the state of delaware . the trusts exist for the exclusive purposes of ( i ) issuing trust securities representing undivided beneficial interests in the assets of the trust ; ( ii ) investing the gross proceeds of the trust securities in junior subordinated deferrable interest debentures ( subordinated debentures ) of its parent ; and ( iii ) engaging in only those activities necessary or incidental thereto . upon approval from the federal reserve , citigroup has the right to redeem these securities . citigroup has contractually agreed not to redeem or purchase ( i ) the 6.50% ( 6.50 % ) enhanced trust preferred securities of citigroup capital xv before september 15 , 2056 , ( ii ) the 6.45% ( 6.45 % ) enhanced trust preferred securities of citigroup capital xvi before december 31 , 2046 , ( iii ) the 6.35% ( 6.35 % ) enhanced trust preferred securities of citigroup capital xvii before march 15 , 2057 , ( iv ) the 6.829% ( 6.829 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xviii before june 28 , 2047 , ( v ) the 7.250% ( 7.250 % ) enhanced trust preferred securities of citigroup capital xix before august 15 , 2047 , ( vi ) the 7.875% ( 7.875 % ) enhanced trust preferred securities of citigroup capital xx before december 15 , 2067 , and ( vii ) the 8.300% ( 8.300 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xxi before december 21 , 2067 unless certain conditions , described in exhibit 4.03 to citigroup 2019s current report on form 8-k filed on september 18 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on november 28 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on march 8 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on july 2 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on august 17 , 2007 , in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on november 27 , 2007 , and in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on december 21 , 2007 , respectively , are met . these agreements are for the benefit of the holders of citigroup 2019s 6.00% ( 6.00 % ) junior subordinated deferrable interest debentures due 2034 . citigroup owns all of the voting securities of these subsidiary trusts . these subsidiary trusts have no assets , operations , revenues or cash flows other than those related to the issuance , administration and repayment of the subsidiary trusts and the subsidiary trusts 2019 common securities . these subsidiary trusts 2019 obligations are fully and unconditionally guaranteed by citigroup. .\nQuestion: what was the net difference of total aggregate annual maturities of long-term debt obligations from 2011 to 2012?\n"
},
{
"role": "agent",
"content": "-14113.0"
}
] |
CONVFINQA8518
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 interest expense , net of capitalized interest increased $ 64 million , or 9.8% ( 9.8 % ) , to $ 710 million in 2013 from $ 646 million in 2012 primarily due to special charges of $ 92 million to recognize post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . other nonoperating expense , net of $ 84 million in 2013 consists principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 48 million . other nonoperating income in 2012 consisted principally of a $ 280 million special credit related to the settlement of a commercial dispute partially offset by net foreign currency losses . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on american 2019s consolidated statements of operations for the years ended december 31 , 2013 and 2012 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>pension and postretirement benefits</td><td>$ 2014</td><td>$ -66 ( 66 )</td></tr><tr><td>3</td><td>labor-related deemed claim ( 1 )</td><td>1733</td><td>2014</td></tr><tr><td>4</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>320</td><td>1951</td></tr><tr><td>5</td><td>fair value of conversion discount ( 4 )</td><td>218</td><td>2014</td></tr><tr><td>6</td><td>professional fees</td><td>199</td><td>227</td></tr><tr><td>7</td><td>other</td><td>170</td><td>67</td></tr><tr><td>8</td><td>total reorganization items net</td><td>$ 2640</td><td>$ 2179</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim . see note 2 to american 2019s consolidated financial statements in part ii , item 8b for further information . ( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations . as a result , during the year ended december 31 , 2013 , american recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at jfk , and rejected bonds that financed certain improvements at ord , which are included in the table above . ( 4 ) the plan allowed unsecured creditors receiving aag series a preferred stock a conversion discount of 3.5% ( 3.5 % ) . accordingly , american recorded the fair value of such discount upon the confirmation of the plan by the bankruptcy court. .\nQuestion: what was the difference in aircraft and facility financing re-negotiations and rejections from 2012 to 2013?\n"
},
{
"role": "agent",
"content": "-1631.0"
}
] |
CONVFINQA2607
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naffiliated company . the loss recorded on the sale was approximately $ 14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations . in the second quarter of 2002 , the company recorded an impairment charge of approximately $ 40 million , after income taxes , on an equity method investment in a telecommunications company in latin america held by edc . the impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company . during 2001 , the company lost operational control of central electricity supply corporation ( 2018 2018cesco 2019 2019 ) , a distribution company located in the state of orissa , india . cesco is accounted for as a cost method investment . in may 2000 , the company completed the acquisition of 100% ( 100 % ) of tractebel power ltd ( 2018 2018tpl 2019 2019 ) for approximately $ 67 million and assumed liabilities of approximately $ 200 million . tpl owned 46% ( 46 % ) of nigen . the company also acquired an additional 6% ( 6 % ) interest in nigen from minority stockholders during the year ended december 31 , 2000 through the issuance of approximately 99000 common shares of aes stock valued at approximately $ 4.9 million . with the completion of these transactions , the company owns approximately 98% ( 98 % ) of nigen 2019s common stock and began consolidating its financial results beginning may 12 , 2000 . approximately $ 100 million of the purchase price was allocated to excess of costs over net assets acquired and was amortized through january 1 , 2002 at which time the company adopted sfas no . 142 and ceased amortization of goodwill . in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas limited ( 2018 2018songas 2019 2019 ) for approximately $ 40 million . the company acquired an additional 16.79% ( 16.79 % ) of songas for approximately $ 12.5 million , and the company began consolidating this entity in 2002 . songas owns the songo songo gas-to-electricity project in tanzania . in december 2002 , the company signed a sales purchase agreement to sell songas . the sale is expected to close in early 2003 . see note 4 for further discussion of the transaction . the following table presents summarized comparative financial information ( in millions ) for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method. . <table class='wikitable'><tr><td>1</td><td>as of and for the years ended december 31,</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>revenues</td><td>$ 2832</td><td>$ 6147</td><td>$ 6241</td></tr><tr><td>3</td><td>operating income</td><td>695</td><td>1717</td><td>1989</td></tr><tr><td>4</td><td>net income</td><td>229</td><td>650</td><td>859</td></tr><tr><td>5</td><td>current assets</td><td>1097</td><td>3700</td><td>2423</td></tr><tr><td>6</td><td>noncurrent assets</td><td>6751</td><td>14942</td><td>13080</td></tr><tr><td>7</td><td>current liabilities</td><td>1418</td><td>3510</td><td>3370</td></tr><tr><td>8</td><td>noncurrent liabilities</td><td>3349</td><td>8297</td><td>5927</td></tr><tr><td>9</td><td>stockholder's equity</td><td>3081</td><td>6835</td><td>6206</td></tr></table> in 2002 , 2001 and 2000 , the results of operations and the financial position of cemig were negatively impacted by the devaluation of the brazilian real and the impairment charge recorded in 2002 . the brazilian real devalued 32% ( 32 % ) , 19% ( 19 % ) and 8% ( 8 % ) for the years ended december 31 , 2002 , 2001 and 2000 , respectively . the company recorded $ 83 million , $ 210 million , and $ 64 million of pre-tax non-cash foreign currency transaction losses on its investments in brazilian equity method affiliates during 2002 , 2001 and 2000 , respectively. .\nQuestion: what was the change in revenues for investments in 50% or less owned investments between 2001 and 2002?\nAnswer: -3315.0\nQuestion: and the percentage change during this time?\nAnswer: -0.53929\nQuestion: what was the difference in revenues for investments in 50% or less owned investments between 2000 and 2001?\n"
},
{
"role": "agent",
"content": "-94.0"
}
] |
CONVFINQA10983
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. . <table class='wikitable'><tr><td>1</td><td>-</td><td>operating leases</td><td>aggregate debt maturities</td></tr><tr><td>2</td><td>2005</td><td>$ 13.1</td><td>$ 2014</td></tr><tr><td>3</td><td>2006</td><td>11.5</td><td>2014</td></tr><tr><td>4</td><td>2007</td><td>8.9</td><td>2014</td></tr><tr><td>5</td><td>2008</td><td>8.0</td><td>2014</td></tr><tr><td>6</td><td>2009</td><td>7.2</td><td>2014</td></tr><tr><td>7</td><td>thereafter</td><td>1.1</td><td>267.1</td></tr><tr><td>8</td><td>total obligations and commitments</td><td>$ 49.8</td><td>$ 267.1</td></tr></table> edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .\nQuestion: what is the total expense for all operating leases in 2004?\n"
},
{
"role": "agent",
"content": "14.0"
}
] |
CONVFINQA10462
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) . the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions . the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 . the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s . dollar denominated borrowing would have been 1.05 percent . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec . 31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 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 , 2011 , total indebtedness was 43 percent 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 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>other weighted average 3.72% ( 3.72 % ) as of dec . 31 2011 and 3.39% ( 3.39 % ) as of december 31 2010</td><td>33</td><td>24</td></tr><tr><td>3</td><td>total</td><td>$ 33</td><td>$ 24</td></tr></table> notes to the consolidated financial statements at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) . the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions . the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 . the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s . dollar denominated borrowing would have been 1.05 percent . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec . 31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 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 , 2011 , total indebtedness was 43 percent 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 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k .\nQuestion: what were total interest payments in 2010?\n"
},
{
"role": "agent",
"content": "189.0"
}
] |
CONVFINQA887
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nglobal brand concepts american living american living is the first brand developed under the newglobal brand concepts group . american living is a full lifestyle brand , featuring menswear , womenswear , childrenswear , accessories and home furnishings with a focus on timeless , authentic american classics for every day . american living is available exclusively at jcpenney in the u.s . and online at jcp.com . our wholesale segment our wholesale segment sells our products to leading upscale and certain mid-tier department stores , specialty stores and golf and pro shops , both domestically and internationally . we have focused on elevating our brand and improving productivity by reducing the number of unproductive doors within department stores in which our products are sold , improving in-store product assortment and presentation , and improving full-price sell-throughs to consumers . as of march 29 , 2008 , the end of fiscal 2008 , our products were sold through 10806 doors worldwide , and during fiscal 2008 , we invested approximately $ 49 million in shop-within-shops dedicated to our products primarily in domestic and international department stores . we have also effected selective price increases on basic products and introduced new fashion offerings at higher price points . department stores are our major wholesale customers in north america . in europe , our wholesale sales are a varying mix of sales to both department stores and specialty shops , depending on the country . our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label collection and black label 2014 are distributed through a limited number of premier fashion retailers . in addition , we sell excess and out- of-season products through secondary distribution channels , including our retail factory stores . in japan , our products are distributed primarily through shop-within-shops at premiere department stores . the mix of business is weighted to polo ralph lauren inmen 2019s andwomen 2019s blue label . the distribution of men 2019s and women 2019s black label is also expanding through shop-within-shop presentations in top tier department stores across japan . worldwide distribution channels the following table presents the approximate number of doors by geographic location , in which products distributed by our wholesale segment were sold to consumers as of march 29 , 2008 : location number of doors ( a ) . <table class='wikitable'><tr><td>1</td><td>location</td><td>number of doors ( a )</td></tr><tr><td>2</td><td>united states and canada</td><td>8611</td></tr><tr><td>3</td><td>europe</td><td>2075</td></tr><tr><td>4</td><td>japan</td><td>120</td></tr><tr><td>5</td><td>total</td><td>10806</td></tr></table> ( a ) in asia/pacific ( excluding japan ) , our products are distributed by our licensing partners . the following department store chains werewholesale customers whose purchases represented more than 10% ( 10 % ) of our worldwide wholesale net sales for the year ended march 29 , 2008 : 2022 macy 2019s , inc . ( formerly known as federated department stores , inc. ) , which represented approximately 24% ( 24 % ) ; and 2022 dillard department stores , inc. , which represented approximately 12% ( 12 % ) . our product brands are sold primarily through their own sales forces . our wholesale segment maintains their primary showrooms in new york city . in addition , we maintain regional showrooms in atlanta , chicago , dallas , los angeles , milan , paris , london , munich , madrid and stockholm. .\nQuestion: what portion of the number if doors is sold in europe?\n"
},
{
"role": "agent",
"content": "0.19202"
}
] |
CONVFINQA6999
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no . 148 . in accordance with apb no . 25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock . the company 2019s stock option plans are more fully described in note 14 . in december 2004 , the fasb issued sfas no . 123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below . during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees . as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no . 107 , 201dshare-based payment 201d ( sab no . 107 ) . the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc . ( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future . management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans . for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 . ( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no . 123 ( as amended ) to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>2</td><td>net loss as reported</td><td>$ -171590 ( 171590 )</td><td>$ -247587 ( 247587 )</td><td>$ -325321 ( 325321 )</td></tr><tr><td>3</td><td>add : stock-based employee compensation expense net of related tax effect included in net loss as reported</td><td>7104</td><td>2297</td><td>2077</td></tr><tr><td>4</td><td>less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect</td><td>-22238 ( 22238 )</td><td>-23906 ( 23906 )</td><td>-31156 ( 31156 )</td></tr><tr><td>5</td><td>pro-forma net loss</td><td>$ -186724 ( 186724 )</td><td>$ -269196 ( 269196 )</td><td>$ -354400 ( 354400 )</td></tr><tr><td>6</td><td>basic and diluted net loss per share as reported</td><td>$ -0.57 ( 0.57 )</td><td>$ -1.10 ( 1.10 )</td><td>$ -1.56 ( 1.56 )</td></tr><tr><td>7</td><td>basic and diluted net loss per share pro-forma</td><td>$ -0.62 ( 0.62 )</td><td>$ -1.20 ( 1.20 )</td><td>$ -1.70 ( 1.70 )</td></tr></table> the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively . in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc . such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements . recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no . 25 , and amends sfas no . 95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options . under the new standard .\nQuestion: what was the pro-forma net loss in 2005?\n"
},
{
"role": "agent",
"content": "186724.0"
}
] |
CONVFINQA9126
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nchallenging investment environment with $ 15.0 billion , or 95% ( 95 % ) , of net inflows coming from institutional clients , with the remaining $ 0.8 billion , or 5% ( 5 % ) , generated by retail and hnw clients . defined contribution plans of institutional clients remained a significant driver of flows . this client group added $ 13.1 billion of net new business in 2012 . during the year , americas net inflows of $ 18.5 billion were partially offset by net outflows of $ 2.6 billion collectively from emea and asia-pacific clients . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 52% ( 52 % ) , or $ 140.2 billion , of multi-asset class aum at year-end , up $ 14.1 billion , with growth in aum driven by net new business of $ 1.6 billion and $ 12.4 billion in market and foreign exchange gains . these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget . in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions . 2022 target date and target risk products ended the year at $ 69.9 billion , up $ 20.8 billion , or 42% ( 42 % ) , since december 31 , 2011 . growth in aum was driven by net new business of $ 14.5 billion , a year-over-year organic growth rate of 30% ( 30 % ) . institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum . the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments . flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings , which are qualified investment options under the pension protection act of 2006 . these products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . 2022 fiduciary management services accounted for 22% ( 22 % ) , or $ 57.7 billion , of multi-asset aum at december 31 , 2012 and increased $ 7.7 billion during the year due to market and foreign exchange gains . these are complex mandates in which pension plan sponsors retain blackrock to assume responsibility for some or all aspects of plan management . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives . alternatives component changes in alternatives aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>core</td><td>$ 63647</td><td>$ -3922 ( 3922 )</td><td>$ 6166</td><td>$ 2476</td><td>$ 68367</td></tr><tr><td>3</td><td>currency and commodities</td><td>41301</td><td>-1547 ( 1547 )</td><td>860</td><td>814</td><td>41428</td></tr><tr><td>4</td><td>alternatives</td><td>$ 104948</td><td>$ -5469 ( 5469 )</td><td>$ 7026</td><td>$ 3290</td><td>$ 109795</td></tr></table> alternatives aum totaled $ 109.8 billion at year-end 2012 , up $ 4.8 billion , or 5% ( 5 % ) , reflecting $ 3.3 billion in portfolio valuation gains and $ 7.0 billion in new assets related to the acquisitions of srpep , which deepened our alternatives footprint in the european and asian markets , and claymore . core alternative outflows of $ 3.9 billion were driven almost exclusively by return of capital to clients . currency net outflows of $ 5.0 billion were partially offset by net inflows of $ 3.5 billion into ishares commodity funds . we continued to make significant investments in our alternatives platform as demonstrated by our acquisition of srpep , successful closes on the renewable power initiative and our build out of an alternatives retail platform , which now stands at nearly $ 10.0 billion in aum . we believe that as alternatives become more conventional and investors adapt their asset allocation strategies to best meet their investment objectives , they will further increase their use of alternative investments to complement core holdings . institutional investors represented 69% ( 69 % ) , or $ 75.8 billion , of alternatives aum with retail and hnw investors comprising an additional 9% ( 9 % ) , or $ 9.7 billion , at year-end 2012 . ishares commodity products accounted for the remaining $ 24.3 billion , or 22% ( 22 % ) , of aum at year-end . alternative clients are geographically diversified with 56% ( 56 % ) , 26% ( 26 % ) , and 18% ( 18 % ) of clients located in the americas , emea and asia-pacific , respectively . the blackrock alternative investors ( 201cbai 201d ) group coordinates our alternative investment efforts , including .\nQuestion: what was the change in the alternative component changes between 2011 and 2012?\nAnswer: 4847.0\nQuestion: so what was the percentage change of this value?\nAnswer: 0.04618\nQuestion: what part of the growth in aum was driven by net new business as a percentage of alternative component changes from 12/31/12?\n"
},
{
"role": "agent",
"content": "0.13206"
}
] |
CONVFINQA1075
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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( $ 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 replacement steam generator prudence review proceeding . 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 included 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 was 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 combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . these costs are being entergy corporation and subsidiaries management 2019s financial discussion and analysis .\nQuestion: what is the net revenue in 2016?\n"
},
{
"role": "agent",
"content": "6179.0"
}
] |
CONVFINQA885
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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?\nAnswer: 9.6\nQuestion: what was the value after tax?\nAnswer: 8.7\nQuestion: what is the difference?\nAnswer: 0.9\nQuestion: what was the after tax amount?\n"
},
{
"role": "agent",
"content": "8.7"
}
] |
CONVFINQA6838
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\na reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 29010</td><td>$ 34366</td><td>$ 29132</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>7119</td><td>6997</td><td>5234</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>-</td><td>-</td><td>-</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-</td><td>-</td><td>-</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>-12356 ( 12356 )</td><td>-12353 ( 12353 )</td><td>-</td></tr><tr><td>7</td><td>lapses of applicable statutes of limitations</td><td>-</td><td>-</td><td>-</td></tr><tr><td>8</td><td>balance at december 31</td><td>$ 23773</td><td>$ 29010</td><td>$ 34366</td></tr></table> the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized . in 2010 , the company favorably settled a 2003 and 2004 irs audit . the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand . in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit . the company is no longer subject to u.s . federal , state and local or foreign income tax examinations by tax authorities for years before 2007 . the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes . during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties . included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit . the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date . for u.s . income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 . in addition , for u.s . income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire . management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented . tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. .\nQuestion: what was the sum of benefits in 2010?\nAnswer: 22294.0\nQuestion: what was the amount of accrued interest from the audit?\nAnswer: 10591.0\nQuestion: what is the total sum?\n"
},
{
"role": "agent",
"content": "32885.0"
}
] |
CONVFINQA4907
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nunited parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net income</td><td>$ 807</td><td>$ 3804</td><td>$ 3338</td></tr><tr><td>3</td><td>non-cash operating activities ( a )</td><td>7301</td><td>4505</td><td>4398</td></tr><tr><td>4</td><td>pension and postretirement plan contributions ( ups-sponsored plans )</td><td>-917 ( 917 )</td><td>-1436 ( 1436 )</td><td>-3240 ( 3240 )</td></tr><tr><td>5</td><td>income tax receivables and payables</td><td>280</td><td>236</td><td>-319 ( 319 )</td></tr><tr><td>6</td><td>changes in working capital and other noncurrent assets and liabilities</td><td>-148 ( 148 )</td><td>-12 ( 12 )</td><td>-340 ( 340 )</td></tr><tr><td>7</td><td>other operating activities</td><td>-107 ( 107 )</td><td>-24 ( 24 )</td><td>-2 ( 2 )</td></tr><tr><td>8</td><td>net cash from operating activities</td><td>$ 7216</td><td>$ 7073</td><td>$ 3835</td></tr></table> ( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2010 to 2012 time period . operating cash flow was favorably impacted in 2012 , compared with 2011 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by changes in our working capital position , which was impacted by overall growth in the business . the change in the cash flows for income tax receivables and payables in 2011 and 2010 was primarily related to the timing of discretionary pension contributions during 2010 , as discussed further in the following paragraph . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 in 2010 , we made $ 2.0 billion in discretionary contributions to our ups retirement and ups pension plans , and $ 980 million in required contributions to our ups ibt pension plan . 2022 the remaining contributions in the 2010 through 2012 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2012 , the total of our worldwide holdings of cash and cash equivalents was $ 7.327 billion . approximately $ 4.211 billion of this amount was held in european subsidiaries with the intended purpose of completing the acquisition of tnt express n.v . ( see note 16 to the consolidated financial statements ) . excluding this portion of cash held outside the u.s . for acquisition-related purposes , approximately 50%-60% ( 50%-60 % ) of the remaining cash and cash equivalents are held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .\nQuestion: what was the net income in 2012?\nAnswer: 807.0\nQuestion: and what was it in the previous year?\nAnswer: 3804.0\nQuestion: by how much, then, did it change throughout the period?\nAnswer: -2997.0\nQuestion: and what is this change as a percentage of the 2011 net income?\nAnswer: -0.78785\nQuestion: in that same period, what was the change in the net cash from operating activities?\n"
},
{
"role": "agent",
"content": "-143.0"
}
] |
CONVFINQA1206
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations 82 fifth third bancorp to 100 million shares of its outstanding common stock in the open market or in privately negotiated transactions , and to utilize any derivative or similar instrument to affect share repurchase transactions . this share repurchase authorization replaced the board 2019s previous authorization . on may 21 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 25035519 shares , or approximately $ 539 million , of its outstanding common stock on may 24 , 2013 . the bancorp repurchased the shares of its common stock as part of its 100 million share repurchase program previously announced on march 19 , 2013 . at settlement of the forward contract on october 1 , 2013 , the bancorp received an additional 4270250 shares which were recorded as an adjustment to the basis in the treasury shares purchased on the acquisition date . on november 13 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 8538423 shares , or approximately $ 200 million , of its outstanding common stock on november 18 , 2013 . the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 . the bancorp expects the settlement of the transaction to occur on or before february 28 , 2014 . on december 10 , 2013 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 19084195 shares , or approximately $ 456 million , of its outstanding common stock on december 13 , 2013 . the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 . the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 . on january 28 , 2014 , the bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the bancorp purchased 3950705 shares , or approximately $ 99 million , of its outstanding common stock on january 31 , 2014 . the bancorp repurchased the shares of its common stock as part of its board approved 100 million share repurchase program previously announced on march 19 , 2013 . the bancorp expects the settlement of the transaction to occur on or before march 26 , 2014 . table 61 : share repurchases . <table class='wikitable'><tr><td>1</td><td>for the years ended december 31</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>shares authorized for repurchase at january 1</td><td>63046682</td><td>19201518</td><td>19201518</td></tr><tr><td>3</td><td>additional authorizations ( a )</td><td>45541057</td><td>86269178</td><td>-</td></tr><tr><td>4</td><td>share repurchases ( b )</td><td>-65516126 ( 65516126 )</td><td>-42424014 ( 42424014 )</td><td>-</td></tr><tr><td>5</td><td>shares authorized for repurchase at december 31</td><td>43071613</td><td>63046682</td><td>19201518</td></tr><tr><td>6</td><td>average price paid per share</td><td>$ 18.80</td><td>$ 14.82</td><td>n/a</td></tr></table> ( a ) in march 2013 , the bancorp announced that its board of directors had authorized management to purchase 100 million shares of the bancorp 2019s common stock through the open market or in any private transaction . the authorization does not include specific price targets or an expiration date . this share repurchase authorization replaces the board 2019s previous authorization pursuant to which approximately 54 million shares remained available for repurchase by the bancorp . ( b ) excludes 1863097 , 2059003 and 1164254 shares repurchased during 2013 , 2012 , and 2011 , respectively , in connection with various employee compensation plans . these repurchases are not included in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the board of directors 2019 authorization . stress tests and ccar the frb issued guidelines known as ccar , which provide a common , conservative approach to ensure bhcs , including the bancorp , hold adequate capital to maintain ready access to funding , continue operations and meet their obligations to creditors and counterparties , and continue to serve as credit intermediaries , even in adverse conditions . the ccar process requires the submission of a comprehensive capital plan that assumes a minimum planning horizon of nine quarters under various economic scenarios . the mandatory elements of the capital plan are an assessment of the expected use and sources of capital over the planning horizon , a description of all planned capital actions over the planning horizon , a discussion of any expected changes to the bancorp 2019s business plan that are likely to have a material impact on its capital adequacy or liquidity , a detailed description of the bancorp 2019s process for assessing capital adequacy and the bancorp 2019s capital policy . the capital plan must reflect the revised capital framework that the frb adopted in connection with the implementation of the basel iii accord , including the framework 2019s minimum regulatory capital ratios and transition arrangements . the frb 2019s review of the capital plan will assess the comprehensiveness of the capital plan , the reasonableness of the assumptions and the analysis underlying the capital plan . additionally , the frb reviews the robustness of the capital adequacy process , the capital policy and the bancorp 2019s ability to maintain capital above the minimum regulatory capital ratios as they transition to basel iii and above a basel i tier 1 common ratio of 5 percent under baseline and stressful conditions throughout a nine- quarter planning horizon . the frb issued stress testing rules that implement section 165 ( i ) ( 1 ) and ( i ) ( 2 ) of the dfa . large bhcs , including the bancorp , are subject to the final stress testing rules . the rules require both supervisory and company-run stress tests , which provide forward- looking information to supervisors to help assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic conditions . in march of 2013 , the frb announced it had completed the 2013 ccar . for bhcs that proposed capital distributions in their plan , the frb either objected to the plan or provided a non- objection whereby the frb concurred with the proposed 2013 capital distributions . the frb indicated to the bancorp that it did not object to the following proposed capital actions for the period beginning april 1 , 2013 and ending march 31 , 2014 : f0b7 increase in the quarterly common stock dividend to $ 0.12 per share ; f0b7 repurchase of up to $ 750 million in trups subject to the determination of a regulatory capital event and replacement with the issuance of a similar amount of tier ii-qualifying subordinated debt ; f0b7 conversion of the $ 398 million in outstanding series g 8.5% ( 8.5 % ) convertible preferred stock into approximately 35.5 million common shares issued to the holders . if this conversion were to occur , the bancorp would intend to repurchase common shares equivalent to those issued in the conversion up to $ 550 million in market value , and issue $ 550 million in preferred stock; .\nQuestion: how many shares were authorized to repurchase?\nAnswer: 100.0\nQuestion: what is the number time 1000000?\nAnswer: 100000000.0\nQuestion: how many shares were purchased in the accelerated share repurchase transaction with a counter party?\nAnswer: 25035519.0\nQuestion: what is that divided by the total authorized shares?\n"
},
{
"role": "agent",
"content": "0.25036"
}
] |
CONVFINQA8885
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\neconomic useful life is the duration of time an asset is expected to be productively employed by us , which may be less than its physical life . assumptions on the following factors , among others , affect the determination of estimated economic useful life : wear and tear , obsolescence , technical standards , contract life , market demand , competitive position , raw material availability , and geographic location . the estimated economic useful life of an asset is monitored to determine its appropriateness , especially in light of changed business circumstances . for example , changes in technology , changes in the estimated future demand for products , or excessive wear and tear may result in a shorter estimated useful life than originally anticipated . in these cases , we would depreciate the remaining net book value over the new estimated remaining life , thereby increasing depreciation expense per year on a prospective basis . likewise , if the estimated useful life is increased , the adjustment to the useful life decreases depreciation expense per year on a prospective basis . we have numerous long-term customer supply contracts , particularly in the gases on-site business within the tonnage gases segment . these contracts principally have initial contract terms of 15 to 20 years . there are also long-term customer supply contracts associated with the tonnage gases business within the electronics and performance materials segment . these contracts principally have initial terms of 10 to 15 years . additionally , we have several customer supply contracts within the equipment and energy segment with contract terms that are primarily five to 10 years . the depreciable lives of assets within this segment can be extended to 20 years for certain redeployable assets . depreciable lives of the production assets related to long-term contracts are matched to the contract lives . extensions to the contract term of supply frequently occur prior to the expiration of the initial term . as contract terms are extended , the depreciable life of the remaining net book value of the production assets is adjusted to match the new contract term , as long as it does not exceed the physical life of the asset . the depreciable lives of production facilities within the merchant gases segment are principally 15 years . customer contracts associated with products produced at these types of facilities typically have a much shorter term . the depreciable lives of production facilities within the electronics and performance materials segment , where there is not an associated long-term supply agreement , range from 10 to 15 years . these depreciable lives have been determined based on historical experience combined with judgment on future assumptions such as technological advances , potential obsolescence , competitors 2019 actions , etc . management monitors its assumptions and may potentially need to adjust depreciable life as circumstances change . a change in the depreciable life by one year for production facilities within the merchant gases and electronics and performance materials segments for which there is not an associated long-term customer supply agreement would impact annual depreciation expense as summarized below : decrease life by 1 year increase life by 1 year . <table class='wikitable'><tr><td>1</td><td>-</td><td>decrease lifeby 1 year</td><td>increase life by 1 year</td></tr><tr><td>2</td><td>merchant gases</td><td>$ 32</td><td>$ -24 ( 24 )</td></tr><tr><td>3</td><td>electronics and performance materials</td><td>$ 12</td><td>$ -11 ( 11 )</td></tr></table> impairment of assets plant and equipment plant and equipment held for use is grouped for impairment testing at the lowest level for which there is identifiable cash flows . impairment testing of the asset group occurs whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable . such circumstances would include a significant decrease in the market value of a long-lived asset grouping , a significant adverse change in the manner in which the asset grouping is being used or in its physical condition , a history of operating or cash flow losses associated with the use of the asset grouping , or changes in the expected useful life of the long-lived assets . if such circumstances are determined to exist , an estimate of undiscounted future cash flows produced by that asset group is compared to the carrying value to determine whether impairment exists . if an asset group is determined to be impaired , the loss is measured based on the difference between the asset group 2019s fair value and its carrying value . an estimate of the asset group 2019s fair value is based on the discounted value of its estimated cash flows . assets to be disposed of by sale are reported at the lower of carrying amount or fair value less cost to sell . the assumptions underlying cash flow projections represent management 2019s best estimates at the time of the impairment review . factors that management must estimate include industry and market conditions , sales volume and prices , costs to produce , inflation , etc . changes in key assumptions or actual conditions that differ from estimates could result in an impairment charge . we use reasonable and supportable assumptions when performing .\nQuestion: considering the 15 years worth of contract terms in which the depreciation for the merchant gases segment will occur, what will be its total expense?\nAnswer: 360.0\nQuestion: and what will be that depreciation expense for the electronics and performance materials segment, considering their 10 years of contract terms?\n"
},
{
"role": "agent",
"content": "110.0"
}
] |
CONVFINQA1067
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nincreased by $ 105.6 million , or 3.4% ( 3.4 % ) , from 2006 to 2007 . the following table reflects the components of our revenue growth for the years ended december 31 , 2008 , 2007 and 2006: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>core price</td><td>4.0% ( 4.0 % )</td><td>4.2% ( 4.2 % )</td><td>3.4% ( 3.4 % )</td></tr><tr><td>3</td><td>fuel surcharges</td><td>1.8</td><td>.2</td><td>1.1</td></tr><tr><td>4</td><td>environmental fees</td><td>.4</td><td>.2</td><td>.4</td></tr><tr><td>5</td><td>recycling commodities</td><td>.1</td><td>.9</td><td>-.1 ( .1 )</td></tr><tr><td>6</td><td>total price</td><td>6.3</td><td>5.5</td><td>4.8</td></tr><tr><td>7</td><td>core volume ( 1 )</td><td>-3.9 ( 3.9 )</td><td>-1.5 ( 1.5 )</td><td>2.4</td></tr><tr><td>8</td><td>non-core volume</td><td>.1</td><td>-.1 ( .1 )</td><td>2014</td></tr><tr><td>9</td><td>total volume</td><td>-3.8 ( 3.8 )</td><td>-1.6 ( 1.6 )</td><td>2.4</td></tr><tr><td>10</td><td>total internal growth</td><td>2.5</td><td>3.9</td><td>7.2</td></tr><tr><td>11</td><td>acquisitions net of divestitures ( 2 )</td><td>13.4</td><td>-.5 ( .5 )</td><td>-.1 ( .1 )</td></tr><tr><td>12</td><td>taxes ( 3 )</td><td>.1</td><td>2014</td><td>.1</td></tr><tr><td>13</td><td>total revenue growth</td><td>16.0% ( 16.0 % )</td><td>3.4% ( 3.4 % )</td><td>7.2% ( 7.2 % )</td></tr></table> ( 1 ) core volume growth for the year ended december 31 , 2006 includes .8% ( .8 % ) associated with hauling waste from the city of toronto to one of our landfills in michigan . this hauling service is provided to the city at a rate that approximates our cost . ( 2 ) includes the impact of the acquisition of allied in december 2008 . ( 3 ) represents new taxes levied on landfill volumes in certain states that are passed on to customers . 25aa 2008 : during the year ended december 31 , 2008 , our core revenue growth continued to benefit from a broad-based pricing initiative . in addition , 14.7% ( 14.7 % ) of our revenue growth is due to our acquisition of allied in december 2008 . revenue growth also benefited from higher fuel surcharges and environmental fees . however , during 2008 we experienced lower prices for commodities . we also experienced a decrease in core volumes primarily due to lower commercial and industrial collection volumes and lower landfill volumes resulting from the slowdown in the economy . we expect to continue to experience lower volumes until economic conditions improve . 25aa 2007 : during the year ended december 31 , 2007 , our revenue growth from core pricing continued to benefit from a broad-based pricing initiative . our revenue growth also benefited from higher prices for commodities . however , we experienced a decrease in core volume growth primarily due to lower industrial collection and landfill volumes resulting from the slowdown in residential construction . 25aa 2006 : during the year ended december 31 , 2006 , our revenue growth continued to benefit from our broad-based pricing initiative . we experienced core volume growth in our collection and landfill lines of business . this core volume growth was partially offset by hurricane clean-up efforts that took place during the fourth quarter of 2005 . 25aa 2009 outlook : we anticipate internal revenue from core operations to decrease approximately 4.0% ( 4.0 % ) during 2009 . this decrease is the expected net of growth in core pricing of approximately 4.0% ( 4.0 % ) and an expected decrease in volume of approximately 8.0% ( 8.0 % ) . our projections assume no deterioration or improvement in the overall economy from that experienced during the fourth quarter of 2008 . however , our internal growth may remain flat or may decline in 2009 depending on economic conditions and our success in implementing pricing initiatives . cost of operations . cost of operations was $ 2.4 billion , $ 2.0 billion and $ 1.9 billion , or , as a percentage of revenue , 65.6% ( 65.6 % ) , 63.1% ( 63.1 % ) and 62.7% ( 62.7 % ) , for the years ended december 31 , 2008 , 2007 and 2006 , respectively . the increase in cost of operations in aggregate dollars for the year ended december 31 , 2008 versus the comparable 2007 period is primarily a result of our acquisition of allied in december 2008 . the remaining increase in cost of operations in aggregate dollars and the increase as a percentage of revenue is primarily due to charges we recorded during 2008 of $ 98.0 million related to estimated costs to comply with f&os issued by the oepa and the aoc issued by the epa in response to environmental conditions at our countywide facility in ohio , $ 21.9 million related to environmental conditions at our closed disposal facility %%transmsg*** transmitting job : p14076 pcn : 048000000 ***%%pcmsg|46 |00044|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .\nQuestion: what is the cost of operations in 2008?\nAnswer: 2.4\nQuestion: what about in 2007?\n"
},
{
"role": "agent",
"content": "2.0"
}
] |
CONVFINQA5693
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2009 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2009</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 130.29</td><td>$ 135.35</td><td>$ 140.54</td><td>$ 205.95</td><td>$ 223.79</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.06</td><td>$ 117.48</td><td>$ 136.26</td><td>$ 180.38</td><td>$ 205.05</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 126.74</td><td>$ 126.75</td><td>$ 136.24</td><td>$ 192.61</td><td>$ 240.91</td></tr></table> .\nQuestion: what the value of the investment in ups in 2012?\n"
},
{
"role": "agent",
"content": "140.54"
}
] |
CONVFINQA10782
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart i berths at the end of 2011 . there are approximately 10 ships with an estimated 34000 berths that are expected to be placed in service in the north american cruise market between 2012 and 2016 . europe in europe , cruising represents a smaller but growing sector of the vacation industry . it has experienced a compound annual growth rate in cruise guests of approximately 9.6% ( 9.6 % ) from 2007 to 2011 and we believe this market has significant continued growth poten- tial . we estimate that europe was served by 104 ships with approximately 100000 berths at the beginning of 2007 and by 121 ships with approximately 155000 berths at the end of 2011 . there are approximately 10 ships with an estimated 28000 berths that are expected to be placed in service in the european cruise market between 2012 and 2016 . the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests ( 3 ) weighted-average supply of berths marketed in europe ( 1 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>global cruiseguests ( 1 )</td><td>weighted-averagesupplyofberthsmarketedglobally ( 1 )</td><td>northamericancruiseguests ( 2 )</td><td>weighted-average supply ofberths marketedin northamerica ( 1 )</td><td>europeancruiseguests</td><td>weighted-averagesupply ofberthsmarketed ineurope ( 1 )</td></tr><tr><td>2</td><td>2007</td><td>16586000</td><td>327000</td><td>10247000</td><td>212000</td><td>4080000</td><td>105000</td></tr><tr><td>3</td><td>2008</td><td>17184000</td><td>347000</td><td>10093000</td><td>219000</td><td>4500000</td><td>120000</td></tr><tr><td>4</td><td>2009</td><td>17340000</td><td>363000</td><td>10198000</td><td>222000</td><td>5000000</td><td>131000</td></tr><tr><td>5</td><td>2010</td><td>18800000</td><td>391000</td><td>10781000</td><td>232000</td><td>5540000</td><td>143000</td></tr><tr><td>6</td><td>2011</td><td>20227000</td><td>412000</td><td>11625000</td><td>245000</td><td>5894000</td><td>149000</td></tr></table> ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2007 through 2010 . year 2011 amounts represent our estimates ( see number 1 above ) . ( 3 ) source : european cruise council for years 2007 through 2010 . year 2011 amounts represent our estimates ( see number 1 above ) . other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . we compete with a number of cruise lines ; however , our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consum- ers 2019 leisure time . demand for such activities is influ- enced by political and general economic conditions . companies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : and employees and protect the environment in which our vessels and organization operate , to better serve our global guest base and grow our business , order to enhance our revenues while continuing to expand and diversify our guest mix through interna- tional guest sourcing , and ensure adequate cash and liquidity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , our brands throughout the world , revitalization of existing ships and the transfer of key innovations across each brand , while expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , support ongoing operations and initiatives , and the principal industry distribution channel , while enhancing our consumer outreach programs. .\nQuestion: what was the number of global cruise guests in 2011?\nAnswer: 20227000.0\nQuestion: and in 2007?\n"
},
{
"role": "agent",
"content": "16586000.0"
}
] |
CONVFINQA8879
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\non a regular basis our special asset committee closely monitors loans , primarily commercial loans , that are not included in the nonperforming or accruing past due categories and for which we are uncertain about the borrower 2019s ability to comply with existing repayment terms . these loans totaled $ .2 billion at both december 31 , 2014 and december 31 , 2013 . home equity loan portfolio our home equity loan portfolio totaled $ 34.7 billion as of december 31 , 2014 , or 17% ( 17 % ) of the total loan portfolio . of that total , $ 20.4 billion , or 59% ( 59 % ) , was outstanding under primarily variable-rate home equity lines of credit and $ 14.3 billion , or 41% ( 41 % ) , consisted of closed-end home equity installment loans . approximately 3% ( 3 % ) of the home equity portfolio was on nonperforming status as of december 31 , 2014 . as of december 31 , 2014 , we are in an originated first lien position for approximately 51% ( 51 % ) of the total portfolio and , where originated as a second lien , we currently hold or service the first lien position for approximately an additional 2% ( 2 % ) of the portfolio . the remaining 47% ( 47 % ) of the portfolio was secured by second liens where we do not hold the first lien position . the credit performance of the majority of the home equity portfolio where we are in , hold or service the first lien position , is superior to the portion of the portfolio where we hold the second lien position but do not hold the first lien . lien position information is generally based upon original ltv at the time of origination . however , after origination pnc is not typically notified when a senior lien position that is not held by pnc is satisfied . therefore , information about the current lien status of junior lien loans is less readily available in cases where pnc does not also hold the senior lien . additionally , pnc is not typically notified when a junior lien position is added after origination of a pnc first lien . this updated information for both junior and senior liens must be obtained from external sources , and therefore , pnc has contracted with an industry-leading third-party service provider to obtain updated loan , lien and collateral data that is aggregated from public and private sources . we track borrower performance monthly , including obtaining original ltvs , updated fico scores at least quarterly , updated ltvs semi-annually , and other credit metrics at least quarterly , including the historical performance of any mortgage loans regardless of lien position that we do or do not hold . this information is used for internal reporting and risk management . for internal reporting and risk management we also segment the population into pools based on product type ( e.g. , home equity loans , brokered home equity loans , home equity lines of credit , brokered home equity lines of credit ) . as part of our overall risk analysis and monitoring , we segment the home equity portfolio based upon the delinquency , modification status and bankruptcy status of these loans , as well as the delinquency , modification status and bankruptcy status of any mortgage loan with the same borrower ( regardless of whether it is a first lien senior to our second lien ) . in establishing our alll for non-impaired loans , we primarily utilize a delinquency roll-rate methodology for pools of loans . in accordance with accounting principles , under this methodology , we establish our allowance based upon incurred losses , not lifetime expected losses . the roll-rate methodology estimates transition/roll of loan balances from one delinquency state ( e.g. , 30-59 days past due ) to another delinquency state ( e.g. , 60-89 days past due ) and ultimately to charge-off . the roll through to charge-off is based on pnc 2019s actual loss experience for each type of pool . each of our home equity pools contains both first and second liens . our experience has been that the ratio of first to second lien loans has been consistent over time and the charge-off amounts for the pools , used to establish our allowance , include losses on both first and second liens loans . generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20-year amortization term . during the draw period , we have home equity lines of credit where borrowers pay either interest or principal and interest . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . the risk associated with the borrower 2019s ability to satisfy the loan terms upon the draw period ending is considered in establishing our alll . based upon outstanding balances at december 31 , 2014 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . table 36 : home equity lines of credit 2013 draw period end in millions interest only product principal and interest product . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>interest onlyproduct</td><td>principal andinterest product</td></tr><tr><td>2</td><td>2015</td><td>$ 1597</td><td>$ 541</td></tr><tr><td>3</td><td>2016</td><td>1366</td><td>437</td></tr><tr><td>4</td><td>2017</td><td>2434</td><td>596</td></tr><tr><td>5</td><td>2018</td><td>1072</td><td>813</td></tr><tr><td>6</td><td>2019 and thereafter</td><td>3880</td><td>5391</td></tr><tr><td>7</td><td>total ( a ) ( b )</td><td>$ 10349</td><td>$ 7778</td></tr></table> ( a ) includes all home equity lines of credit that mature in 2015 or later , including those with borrowers where we have terminated borrowing privileges . ( b ) includes approximately $ 154 million , $ 48 million , $ 57 million , $ 42 million and $ 564 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively . 76 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: as of december 31, 2014 what was the value of the home equity loan portfolio, in billions?\n"
},
{
"role": "agent",
"content": "34.7"
}
] |
CONVFINQA986
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy mississippi may refinance , redeem , or otherwise retire debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common and preferred stock issuances by entergy mississippi require prior regulatory approval . a0 a0preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indenture , and other agreements . a0 a0entergy mississippi has sufficient capacity under these tests to meet its foreseeable capital needs . entergy mississippi 2019s receivables from the money pool were as follows as of december 31 for each of the following years. . <table class='wikitable'><tr><td>1</td><td>2017</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 1633</td><td>$ 10595</td><td>$ 25930</td><td>$ 644</td></tr></table> see note 4 to the financial statements for a description of the money pool . entergy mississippi has four separate credit facilities in the aggregate amount of $ 102.5 million scheduled to expire may 2018 . no borrowings were outstanding under the credit facilities as of december a031 , 2017 . a0 a0in addition , entergy mississippi is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december a031 , 2017 , a $ 15.3 million letter of credit was outstanding under entergy mississippi 2019s uncommitted letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy mississippi obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 175 million at any time outstanding and long-term borrowings and security issuances . see note 4 to the financial statements for further discussion of entergy mississippi 2019s short-term borrowing limits . entergy mississippi , inc . management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery the rates that entergy mississippi charges for electricity significantly influence its financial position , results of operations , and liquidity . entergy mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the mpsc , is primarily responsible for approval of the rates charged to customers . formula rate plan in march 2016 , entergy mississippi submitted its formula rate plan 2016 test year filing showing entergy mississippi 2019s projected earned return for the 2016 calendar year to be below the formula rate plan bandwidth . the filing showed a $ 32.6 million rate increase was necessary to reset entergy mississippi 2019s earned return on common equity to the specified point of adjustment of 9.96% ( 9.96 % ) , within the formula rate plan bandwidth . in june 2016 the mpsc approved entergy mississippi 2019s joint stipulation with the mississippi public utilities staff . the joint stipulation provided for a total revenue increase of $ 23.7 million . the revenue increase includes a $ 19.4 million increase through the formula rate plan , resulting in a return on common equity point of adjustment of 10.07% ( 10.07 % ) . the revenue increase also includes $ 4.3 million in incremental ad valorem tax expenses to be collected through an updated ad valorem tax adjustment rider . the revenue increase and ad valorem tax adjustment rider were effective with the july 2016 bills . in march 2017 , entergy mississippi submitted its formula rate plan 2017 test year filing and 2016 look-back filing showing entergy mississippi 2019s earned return for the historical 2016 calendar year and projected earned return for the 2017 calendar year to be within the formula rate plan bandwidth , resulting in no change in rates . in june 2017 , entergy mississippi and the mississippi public utilities staff entered into a stipulation that confirmed that entergy .\nQuestion: what is the entergy mississippi 2019s receivables from the money pool in 2017?\nAnswer: 1633.0\nQuestion: what about in 2016?\n"
},
{
"role": "agent",
"content": "10595.0"
}
] |
CONVFINQA4823
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues the table below presents our net revenues by line item in the consolidated statements of earnings. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2017</td><td>year ended december 2016</td><td>year ended december 2015</td></tr><tr><td>2</td><td>investment banking</td><td>$ 7371</td><td>$ 6273</td><td>$ 7027</td></tr><tr><td>3</td><td>investment management</td><td>5803</td><td>5407</td><td>5868</td></tr><tr><td>4</td><td>commissions and fees</td><td>3051</td><td>3208</td><td>3320</td></tr><tr><td>5</td><td>market making</td><td>7660</td><td>9933</td><td>9523</td></tr><tr><td>6</td><td>other principal transactions</td><td>5256</td><td>3200</td><td>5018</td></tr><tr><td>7</td><td>totalnon-interestrevenues</td><td>29141</td><td>28021</td><td>30756</td></tr><tr><td>8</td><td>interest income</td><td>13113</td><td>9691</td><td>8452</td></tr><tr><td>9</td><td>interest expense</td><td>10181</td><td>7104</td><td>5388</td></tr><tr><td>10</td><td>net interest income</td><td>2932</td><td>2587</td><td>3064</td></tr><tr><td>11</td><td>total net revenues</td><td>$ 32073</td><td>$ 30608</td><td>$ 33820</td></tr></table> in the table above : 2030 investment banking consists of revenues ( excluding net interest ) from financial advisory and underwriting assignments , as well as derivative transactions directly related to these assignments . these activities are included in our investment banking segment . 2030 investment management consists of revenues ( excluding net interest ) from providing investment management services to a diverse set of clients , as well as wealth advisory services and certain transaction services to high-net-worth individuals and families . these activities are included in our investment management segment . 2030 commissions and fees consists of revenues from executing and clearing client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter ( otc ) transactions . these activities are included in our institutional client services and investment management segments . 2030 market making consists of revenues ( excluding net interest ) from client execution activities related to making markets in interest rate products , credit products , mortgages , currencies , commodities and equity products . these activities are included in our institutional client services segment . 2030 other principal transactions consists of revenues ( excluding net interest ) from our investing activities and the origination of loans to provide financing to clients . in addition , other principal transactions includes revenues related to our consolidated investments . these activities are included in our investing & lending segment . operating environment . during 2017 , generally higher asset prices and tighter credit spreads were supportive of industry-wide underwriting activities , investment management performance and other principal transactions . however , low levels of volatility in equity , fixed income , currency and commodity markets continued to negatively affect our market-making activities , particularly in fixed income , currency and commodity products . the price of natural gas decreased significantly during 2017 , while the price of oil increased compared with the end of 2016 . if the trend of low volatility continues over the long term and market-making activity levels remain low , or if investment banking activity levels , asset prices or assets under supervision decline , net revenues would likely be negatively impacted . see 201csegment operating results 201d below for further information about the operating environment and material trends and uncertainties that may impact our results of operations . the first half of 2016 included challenging trends in the operating environment for our business activities including concerns and uncertainties about global economic growth , central bank activity and the political uncertainty and economic implications surrounding the potential exit of the u.k . from the e.u . during the second half of 2016 , the operating environment improved , as global equity markets steadily increased and investment grade and high-yield credit spreads tightened . these trends provided a more favorable backdrop for our business activities . 2017 versus 2016 net revenues in the consolidated statements of earnings were $ 32.07 billion for 2017 , 5% ( 5 % ) higher than 2016 , due to significantly higher other principal transactions revenues , and higher investment banking revenues , investment management revenues and net interest income . these increases were partially offset by significantly lower market making revenues and lower commissions and fees . non-interest revenues . investment banking revenues in the consolidated statements of earnings were $ 7.37 billion for 2017 , 18% ( 18 % ) higher than 2016 . revenues in financial advisory were higher compared with 2016 , reflecting an increase in completed mergers and acquisitions transactions . revenues in underwriting were significantly higher compared with 2016 , due to significantly higher revenues in both debt underwriting , primarily reflecting an increase in industry-wide leveraged finance activity , and equity underwriting , reflecting an increase in industry-wide secondary offerings . 52 goldman sachs 2017 form 10-k .\nQuestion: what was the total net revenues for 2016?\nAnswer: 30608.0\nQuestion: and for 2015?\nAnswer: 33820.0\nQuestion: so how much did this value change over the year?\n"
},
{
"role": "agent",
"content": "-3212.0"
}
] |
CONVFINQA3155
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 net change in revenue from 2015 to 2016?\nAnswer: 350.0\nQuestion: what was the net revenue in 2015?\nAnswer: 5829.0\nQuestion: what was the percent change?\n"
},
{
"role": "agent",
"content": "0.06004"
}
] |
CONVFINQA3446
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnote 10 loan sales and securitizations loan sales we sell residential and commercial mortgage loans in loan securitization transactions sponsored by government national mortgage association ( gnma ) , fnma , and fhlmc and in certain instances to other third-party investors . gnma , fnma , and the fhlmc securitize our transferred loans into mortgage-backed securities for sale into the secondary market . generally , we do not retain any interest in the transferred loans other than mortgage servicing rights . refer to note 9 goodwill and other intangible assets for further discussion on our residential and commercial mortgage servicing rights assets . during 2009 , residential and commercial mortgage loans sold totaled $ 19.8 billion and $ 5.7 billion , respectively . during 2008 , commercial mortgage loans sold totaled $ 3.1 billion . there were no residential mortgage loans sales in 2008 as these activities were obtained through our acquisition of national city . our continuing involvement in these loan sales consists primarily of servicing and limited repurchase obligations for loan and servicer breaches in representations and warranties . generally , we hold a cleanup call repurchase option for loans sold with servicing retained to the other third-party investors . in certain circumstances as servicer , we advance principal and interest payments to the gses and other third-party investors and also may make collateral protection advances . our risk of loss in these servicing advances has historically been minimal . we maintain a liability for estimated losses on loans expected to be repurchased as a result of breaches in loan and servicer representations and warranties . we have also entered into recourse arrangements associated with commercial mortgage loans sold to fnma and fhlmc . refer to note 25 commitments and guarantees for further discussion on our repurchase liability and recourse arrangements . our maximum exposure to loss in our loan sale activities is limited to these repurchase and recourse obligations . in addition , for certain loans transferred in the gnma and fnma transactions , we hold an option to repurchase individual delinquent loans that meet certain criteria . without prior authorization from these gses , this option gives pnc the ability to repurchase the delinquent loan at par . under gaap , once we have the unilateral ability to repurchase the delinquent loan , effective control over the loan has been regained and we are required to recognize the loan and a corresponding repurchase liability on the balance sheet regardless of our intent to repurchase the loan . at december 31 , 2009 and december 31 , 2008 , the balance of our repurchase option asset and liability totaled $ 577 million and $ 476 million , respectively . securitizations in securitizations , loans are typically transferred to a qualifying special purpose entity ( qspe ) that is demonstrably distinct from the transferor to transfer the risk from our consolidated balance sheet . a qspe is a bankruptcy-remote trust allowed to perform only certain passive activities . in addition , these entities are self-liquidating and in certain instances are structured as real estate mortgage investment conduits ( remics ) for tax purposes . the qspes are generally financed by issuing certificates for various levels of senior and subordinated tranches . qspes are exempt from consolidation provided certain conditions are met . our securitization activities were primarily obtained through our acquisition of national city . credit card receivables , automobile , and residential mortgage loans were securitized through qspes sponsored by ncb . these qspes were financed primarily through the issuance and sale of beneficial interests to independent third parties and were not consolidated on our balance sheet at december 31 , 2009 or december 31 , 2008 . however , see note 1 accounting policies regarding accounting guidance that impacts the accounting for these qspes effective january 1 , 2010 . qualitative and quantitative information about the securitization qspes and our retained interests in these transactions follow . the following summarizes the assets and liabilities of the securitization qspes associated with securitization transactions that were outstanding at december 31 , 2009. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 31 2009 credit card</td><td>december 31 2009 mortgage</td><td>december 31 2009 credit card</td><td>mortgage</td></tr><tr><td>2</td><td>assets ( a )</td><td>$ 2368</td><td>$ 232</td><td>$ 2129</td><td>$ 319</td></tr><tr><td>3</td><td>liabilities</td><td>1622</td><td>232</td><td>1824</td><td>319</td></tr></table> ( a ) represents period-end outstanding principal balances of loans transferred to the securitization qspes . credit card loans at december 31 , 2009 , the credit card securitization series 2005-1 , 2006-1 , 2007-1 , and 2008-3 were outstanding . during the fourth quarter of 2009 , the 2008-1 and 2008-2 credit card securitization series matured . our continuing involvement in the securitized credit card receivables consists primarily of servicing and our holding of certain retained interests . servicing fees earned approximate current market rates for servicing fees ; therefore , no servicing asset or liability is recognized . we hold a clean-up call repurchase option to the extent a securitization series extends past its scheduled note principal payoff date . to the extent this occurs , the clean-up call option is triggered when the principal balance of the asset- backed notes of any series reaches 5% ( 5 % ) of the initial principal balance of the asset-backed notes issued at the securitization .\nQuestion: what is the total residential and commercial mortgage loans sold in 2009?\nAnswer: 19.8\nQuestion: what about in 2008?\nAnswer: 5.7\nQuestion: what is the difference?\nAnswer: 25.5\nQuestion: what is the total residential and commercial mortgage loans sold in 2008?\n"
},
{
"role": "agent",
"content": "5.7"
}
] |
CONVFINQA6612
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncontracts and customer purchase orders are generally used to determine the existence of an arrangement . shipping documents are used to verify delivery . the company assesses whether the selling price is fixed or determinable based upon the payment terms associated with the transaction and whether the sales price is subject to refund or adjustment . the company assesses collectibility based primarily on the creditworthiness of the customer as determined by credit checks and analysis , as well as the customer 2019s payment history . accruals for customer returns for defective product are based on historical experience with similar types of sales . accruals for rebates and incentives are based on pricing agreements and are generally tied to sales volume . changes in such accruals may be required if future returns differ from historical experience or if actual sales volume differ from estimated sales volume . rebates and incentives are recognized as a reduction of sales . compensated absences . in the fourth quarter of 2001 , the company changed its vacation policy for certain employees so that vacation pay is earned ratably throughout the year and must be used by year-end . the accrual for compensated absences was reduced by $ 1.6 million in 2001 to eliminate vacation pay no longer required to be accrued under the current policy . advertising . advertising costs are charged to operations as incurred and amounted to $ 18.4 , $ 16.2 and $ 8.8 million during 2003 , 2002 and 2001 respectively . research and development . research and development costs are charged to operations as incurred and amounted to $ 34.6 , $ 30.4 and $ 27.6 million during 2003 , 2002 and 2001 , respectively . product warranty . the company 2019s products carry warranties that generally range from one to six years and are based on terms that are generally accepted in the market place . the company records a liability for the expected cost of warranty-related claims at the time of sale . the allocation of our warranty liability between current and long-term is based on expected warranty claims to be paid in the next year as determined by historical product failure rates . 1 . organization and significant accounting policies ( continued ) the following table presents the company 2019s product warranty liability activity in 2003 and 2002 : note to table : environmental costs . the company accrues for losses associated with environmental obligations when such losses are probable and reasonably estimable . costs of estimated future expenditures are not discounted to their present value . recoveries of environmental costs from other parties are recorded as assets when their receipt is considered probable . the accruals are adjusted as facts and circumstances change . stock based compensation . the company has one stock-based employee compensation plan ( see note 11 ) . sfas no . 123 , 201caccounting for stock-based compensation , 201d encourages , but does not require companies to record compensation cost for stock-based employee compensation plans at fair value . the company has chosen to continue applying accounting principles board opinion no . 25 , 201caccounting for stock issued to employees , 201d and related interpretations , in accounting for its stock option plans . accordingly , because the number of shares is fixed and the exercise price of the stock options equals the market price of the underlying stock on the date of grant , no compensation expense has been recognized . had compensation cost been determined based upon the fair value at the grant date for awards under the plans based on the provisions of sfas no . 123 , the company 2019s pro forma earnings and earnings per share would have been as follows: . <table class='wikitable'><tr><td>1</td><td>years ended december 31 ( dollars in millions )</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>balance at beginning of year</td><td>$ 63.2</td><td>$ 69.6</td></tr><tr><td>3</td><td>expense</td><td>29.1</td><td>29.9</td></tr><tr><td>4</td><td>claims settled</td><td>-30.2 ( 30.2 )</td><td>-29.1 ( 29.1 )</td></tr><tr><td>5</td><td>customer warranty waiver ( 1 )</td><td>--</td><td>-7.2 ( 7.2 )</td></tr><tr><td>6</td><td>balance at end of year</td><td>$ 62.1</td><td>$ 63.2</td></tr></table> ( 1 ) in exchange for other concessions , the customer has agreed to accept responsibility for units they have purchased from the company which become defective . the amount of the warranty reserve applicable to the estimated number of units previously sold to this customer that may become defective has been reclassified from the product warranty liability to a deferred revenue account. .\nQuestion: what is the difference in research and development costs between 2002 and 2003?\nAnswer: 4.2\nQuestion: what is the research and development costs in 2002?\n"
},
{
"role": "agent",
"content": "30.4"
}
] |
CONVFINQA8789
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents research and development expense ( 201cr&d 201d ) r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 . this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities . also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard . although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in 2010 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to make further investments in r&d to remain competitive . r&d expense increased 20% ( 20 % ) or $ 224 million to $ 1.3 billion in 2009 compared to 2008 . this increase was due primarily to an increase in headcount in 2009 to support expanded r&d activities and higher stock-based compensation expenses . additionally , $ 71 million of software development costs were capitalized related to mac os x snow leopard and excluded from r&d expense during 2009 , compared to $ 11 million of software development costs capitalized during 2008 . although total r&d expense increased 20% ( 20 % ) during 2009 , it remained relatively flat as a percentage of net sales given the 14% ( 14 % ) increase in revenue in 2009 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 . this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased stock-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . sg&a expenses increased $ 388 million or 10% ( 10 % ) to $ 4.1 billion in 2009 compared to 2008 . this increase was due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , higher stock-based compensation expense and higher spending on marketing and advertising . other income and expense other income and expense for the three years ended september 25 , 2010 , are as follows ( in millions ) : total other income and expense decreased $ 171 million or 52% ( 52 % ) to $ 155 million during 2010 compared to $ 326 million and $ 620 million in 2009 and 2008 , respectively . the overall decrease in other income and expense is attributable to the significant declines in interest rates on a year- over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.75% ( 0.75 % ) , 1.43% ( 1.43 % ) and 3.44% ( 3.44 % ) during 2010 , 2009 and 2008 , respectively . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . during 2010 , 2009 and 2008 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 24% ( 24 % ) , 32% ( 32 % ) and 32% ( 32 % ) for 2010 , 2009 and 2008 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of 35% ( 35 % ) due . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>interest income</td><td>$ 311</td><td>$ 407</td><td>$ 653</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>-156 ( 156 )</td><td>-81 ( 81 )</td><td>-33 ( 33 )</td></tr><tr><td>4</td><td>total other income and expense</td><td>$ 155</td><td>$ 326</td><td>$ 620</td></tr></table> .\nQuestion: what was the total sum of the effective tax rates in the years of 2009 and 2010?\nAnswer: 56.0\nQuestion: including the year of 2008, what becomes this sum?\nAnswer: 88.0\nQuestion: and what is the average effective tax rate between the three years?\nAnswer: 29.33333\nQuestion: and between the first two years of this period, what was the decline in the total other income and expense?\nAnswer: 294.0\nQuestion: what is this decline as a portion of that total in 2008?\n"
},
{
"role": "agent",
"content": "0.47419"
}
] |
CONVFINQA5025
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 supplemental financial information and disclosures income tax matters effective tax rate from continuing operations . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>u.s . gaap</td><td>40.1% ( 40.1 % )</td><td>30.8% ( 30.8 % )</td><td>25.9% ( 25.9 % )</td></tr><tr><td>3</td><td>adjusted effective income taxrate 2014non-gaap1</td><td>30.8% ( 30.8 % )</td><td>31.6% ( 31.6 % )</td><td>32.3% ( 32.3 % )</td></tr></table> adjusted effective income tax rate 2014 non-gaap1 30.8% ( 30.8 % ) 31.6% ( 31.6 % ) 32.3% ( 32.3 % ) 1 . beginning in 2017 , income tax consequences associated with employee share-based awards are recognized in provision for income taxes in the income statements but are excluded from the intermittent net discrete tax provisions ( benefits ) adjustment as we anticipate conversion activity each year . see note 2 to the financial statements on the adoption of the accounting update improvements to employee share-based payment accounting . for 2015 , adjusted effective income tax rate also excludes dva . for further information on non-gaap measures , see 201cselected non-gaap financial information 201d herein . the effective tax rate from continuing operations for 2017 included an intermittent net discrete tax provision of $ 968 million , primarily related to the impact of the tax act , partially offset by net discrete tax benefits primarily associ- ated with the remeasurement of reserves and related interest due to new information regarding the status of multi-year irs tax examinations . the tax act , enacted on december 22 , 2017 , significantly revised u.s . corporate income tax law by , among other things , reducing the corporate income tax rate to 21% ( 21 % ) , and implementing a modified territorial tax system that includes a one-time transition tax on deemed repatriated earnings of non-u.s . subsidiaries ; imposes a minimum tax on global intangible low-taxed income ( 201cgilti 201d ) and an alternative base erosion and anti-abuse tax ( 201cbeat 201d ) on u.s . corpora- tions that make deductible payments to non-u.s . related persons in excess of specified amounts ; and broadens the tax base by partially or wholly eliminating tax deductions for certain historically deductible expenses ( e.g. , fdic premiums and executive compensation ) . we recorded an approximate $ 1.2 billion net discrete tax provision as a result of the enactment of the tax act , primarily from the remeasurement of certain deferred tax assets using the lower enacted corporate tax rate . this provi- sion incorporates the best available information as of the enactment date as well as assumptions made based upon our current interpretation of the tax act . our estimates may change as we receive additional clarification and implementa- tion guidance from the u.s . treasury department and as the interpretation of the tax act evolves over time . the ultimate impact of the income tax effects of the tax act will be deter- mined in connection with the preparation of our u.s . consoli- dated federal income tax return . taking into account our current assumptions , estimates and interpretations related to the tax act and other factors , we expect our effective tax rate from continuing operations for 2018 to be approximately 22% ( 22 % ) to 25% ( 25 % ) , depending on factors such as the geographic mix of earnings and employee share- based awards ( see 201cforward-looking statements 201d ) . subsequent to the release of the firm 2019s 2017 earnings on january 18 , 2018 , certain estimates related to the net discrete tax provision associated with the enactment of the tax act were revised , resulting in a $ 43 million increase in the provi- sion for income taxes and a reallocation of impacts among segments . this decreased diluted eps and diluted eps from continuing operations by $ 0.03 and $ 0.02 in the fourth quarter and year ended december 31 , 2017 , respectively . on a business segment basis , the change resulted in an $ 89 million increase in provision for income taxes for wealth management , a $ 45 million decrease for institutional securi- ties , and a $ 1 million decrease for investment management . the effective tax rate from continuing operations for 2016 included intermittent net discrete tax benefits of $ 68 million , primarily related to the remeasurement of reserves and related interest due to new information regarding the status of multi- year irs tax examinations , partially offset by adjustments for other tax matters . the effective tax rate from continuing operations for 2015 included intermittent net discrete tax benefits of $ 564 million , primarily associated with the repatriation of non-u.s . earn- ings at a cost lower than originally estimated due to an internal restructuring to simplify the legal entity organization in the u.k . u.s . bank subsidiaries we provide loans to a variety of customers , from large corpo- rate and institutional clients to high net worth individuals , primarily through our u.s . bank subsidiaries , morgan stanley bank n.a . ( 201cmsbna 201d ) and morgan stanley private bank , national association ( 201cmspbna 201d ) ( collectively , 201cu.s . bank subsidiaries 201d ) . the lending activities in the institutional securities business segment primarily include loans and lending commitments to corporate clients . the lending activ- ities in the wealth management business segment primarily include securities-based lending that allows clients to borrow december 2017 form 10-k 52 .\nQuestion: in 2017, what was the difference between the u.s . gaap and the adjusted effective income tax rate 2014non-gaap?\n"
},
{
"role": "agent",
"content": "9.3"
}
] |
CONVFINQA7542
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries . as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td><td>2020</td><td>2021</td><td>2022</td><td>2023</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>deferred acquisition payments</td><td>$ 65.7</td><td>$ 20.0</td><td>$ 23.6</td><td>$ 4.7</td><td>$ 10.2</td><td>$ 2.7</td><td>$ 126.9</td></tr><tr><td>3</td><td>redeemable noncontrolling interests and call options with affiliates1</td><td>30.1</td><td>30.6</td><td>42.9</td><td>5.7</td><td>3.5</td><td>2.5</td><td>115.3</td></tr><tr><td>4</td><td>total contingent acquisition payments</td><td>$ 95.8</td><td>$ 50.6</td><td>$ 66.5</td><td>$ 10.4</td><td>$ 13.7</td><td>$ 5.2</td><td>$ 242.2</td></tr></table> 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 . these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities . the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements . see note 5 for further information relating to the payment structure of our acquisitions . legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business . the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts . the company had previously investigated the matter and taken a number of remedial and disciplinary actions . the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 . the company has previously provided for such settlement in its consolidated financial statements. .\nQuestion: what was the amount of deferred acquisition payments made in 2019?\n"
},
{
"role": "agent",
"content": "65.7"
}
] |
CONVFINQA9127
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2013</td><td>$ 516</td></tr><tr><td>2</td><td>2014</td><td>556</td></tr><tr><td>3</td><td>2015</td><td>542</td></tr><tr><td>4</td><td>2016</td><td>513</td></tr><tr><td>5</td><td>2017</td><td>486</td></tr><tr><td>6</td><td>thereafter</td><td>1801</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>$ 4414</td></tr></table> other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .\nQuestion: what portion of total minimum lease payments are due in 2016?\n"
},
{
"role": "agent",
"content": "0.11622"
}
] |
CONVFINQA3577
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 . the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 . the following table details our related mutual fund investment gains and losses ( in millions ) during the past two years. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2009</td><td>change</td></tr><tr><td>2</td><td>other than temporary impairments recognized</td><td>$ -91.3 ( 91.3 )</td><td>$ -36.1 ( 36.1 )</td><td>$ 55.2</td></tr><tr><td>3</td><td>capital gain distributions received</td><td>5.6</td><td>2.0</td><td>-3.6 ( 3.6 )</td></tr><tr><td>4</td><td>net gain ( loss ) realized on fund dispositions</td><td>-4.5 ( 4.5 )</td><td>7.4</td><td>11.9</td></tr><tr><td>5</td><td>net loss recognized on fund holdings</td><td>$ -90.2 ( 90.2 )</td><td>$ -26.7 ( 26.7 )</td><td>$ 63.5</td></tr></table> lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments . there is no impairment of any of our mutual fund investments at december 31 , 2009 . the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 and .9% ( .9 % ) lower than our present estimate of 38.0% ( 38.0 % ) for the 2010 effective tax rate . our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) . 2008 versus 2007 . investment advisory revenues decreased 6.3% ( 6.3 % ) , or $ 118 million , to $ 1.76 billion in 2008 as average assets under our management decreased $ 16 billion to $ 358.2 billion . the average annualized fee rate earned on our assets under management was 49.2 basis points in 2008 , down from the 50.2 basis points earned in 2007 , as lower equity market valuations resulted in a greater percentage of our assets under management being attributable to lower fee fixed income portfolios . continuing stress on the financial markets and resulting lower equity valuations as 2008 progressed resulted in lower average assets under our management , lower investment advisory fees and lower net income as compared to prior periods . net revenues decreased 5% ( 5 % ) , or $ 112 million , to $ 2.12 billion . operating expenses were $ 1.27 billion in 2008 , up 2.9% ( 2.9 % ) or $ 36 million from 2007 . net operating income for 2008 decreased $ 147.9 million , or 14.8% ( 14.8 % ) , to $ 848.5 million . higher operating expenses in 2008 and decreased market valuations during the latter half of 2008 , which lowered our assets under management and advisory revenues , resulted in our 2008 operating margin declining to 40.1% ( 40.1 % ) from 44.7% ( 44.7 % ) in 2007 . non-operating investment losses in 2008 were $ 52.3 million as compared to investment income of $ 80.4 million in 2007 . investment losses in 2008 include non-cash charges of $ 91.3 million for the other than temporary impairment of certain of the firm 2019s investments in sponsored mutual funds . net income in 2008 fell 27% ( 27 % ) or nearly $ 180 million from 2007 . diluted earnings per share , after the retrospective application of new accounting guidance effective in 2009 , decreased to $ 1.81 , down $ .59 or 24.6% ( 24.6 % ) from $ 2.40 in 2007 . a non-operating charge to recognize other than temporary impairments of our sponsored mutual fund investments reduced diluted earnings per share by $ .21 in 2008 . investment advisory revenues earned from the t . rowe price mutual funds distributed in the united states decreased 8.5% ( 8.5 % ) , or $ 114.5 million , to $ 1.24 billion . average mutual fund assets were $ 216.1 billion in 2008 , down $ 16.7 billion from 2007 . mutual fund assets at december 31 , 2008 , were $ 164.4 billion , down $ 81.6 billion from the end of 2007 . net inflows to the mutual funds during 2008 were $ 3.9 billion , including $ 1.9 billion to the money funds , $ 1.1 billion to the bond funds , and $ .9 billion to the stock funds . the value , equity index 500 , and emerging markets stock funds combined to add $ 4.1 billion , while the mid-cap growth and equity income stock funds had net redemptions of $ 2.2 billion . net fund inflows of $ 6.2 billion originated in our target-date retirement funds , which in turn invest in other t . rowe price funds . fund net inflow amounts in 2008 are presented net of $ 1.3 billion that was transferred to target-date trusts from the retirement funds during the year . decreases in market valuations and income not reinvested lowered our mutual fund assets under management by $ 85.5 billion during 2008 . investment advisory revenues earned on the other investment portfolios that we manage decreased $ 3.6 million to $ 522.2 million . average assets in these portfolios were $ 142.1 billion during 2008 , up slightly from $ 141.4 billion in 2007 . these minor changes , each less than 1% ( 1 % ) , are attributable to the timing of declining equity market valuations and cash flows among our separate account and subadvised portfolios . net inflows , primarily from institutional investors , were $ 13.2 billion during 2008 , including the $ 1.3 billion transferred from the retirement funds to target-date trusts . decreases in market valuations , net of income , lowered our assets under management in these portfolios by $ 55.3 billion during 2008 . management 2019s discussion & analysis 21 .\nQuestion: what are the investment advisory revenues in 2008, in millions?\nAnswer: 1760.0\nQuestion: what about in 2007?\nAnswer: 1878.0\nQuestion: what is the value of net revenues in 2008, in billions?\nAnswer: 2.12\nQuestion: what about in millions?\nAnswer: 2120.0\nQuestion: what about in 2007?\n"
},
{
"role": "agent",
"content": "2232.0"
}
] |
CONVFINQA8725
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2 0 0 8 a n n u a l r e p o r t stock performance graph the following graph sets forth the performance of our series a common , series b common stock , and series c common stock for the period september 18 , 2008 through december 31 , 2008 as compared with the performance of the standard and poor 2019s 500 index and a peer group index which consists of the walt disney company , time warner inc. , cbs corporation class b common stock , viacom , inc . class b common stock , news corporation class a common stock , and scripps network interactive , inc . the graph assumes $ 100 originally invested on september 18 , 2006 and that all subsequent dividends were reinvested in additional shares . september 18 , september 30 , december 31 , 2008 2008 2008 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 18 2008</td><td>september 30 2008</td><td>december 31 2008</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 103.19</td><td>$ 102.53</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 105.54</td><td>$ 78.53</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 88.50</td><td>$ 83.69</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 96.54</td><td>$ 74.86</td></tr><tr><td>6</td><td>peer group</td><td>$ 100.00</td><td>$ 92.67</td><td>$ 68.79</td></tr></table> s&p 500 peer group .\nQuestion: from september 30 to december 31 of 2008, what was the decline in the performance price of the s&p 500?\nAnswer: 21.68\nQuestion: and what was that price in december 31?\nAnswer: 74.86\nQuestion: what is, then, that decline as a portion of this december amount?\nAnswer: 0.28961\nQuestion: and as of that same date, what was the performance price of the disck stock?\n"
},
{
"role": "agent",
"content": "83.69"
}
] |
CONVFINQA3287
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 audited consolidated financial statements director stock compensation subplan eastman's 2016 director stock compensation subplan ( \"directors' subplan\" ) , a component of the 2012 omnibus plan , remains in effect until terminated by the board of directors or the earlier termination of thf e 2012 omnibus plan . the directors' subplan provides for structured awards of restricted shares to non-employee members of the board of directors . restricted shares awarded under the directors' subplan are subject to the same terms and conditions of the 2012 omnibus plan . the directors' subplan does not constitute a separate source of shares for grant of equity awards and all shares awarded are part of the 10 million shares authorized under the 2012 omnibus plan . shares of restricted stock are granted on the first day of a non-f employee director's initial term of service and shares of restricted stock are granted each year to each non-employee director on the date of the annual meeting of stockholders . general the company is authorized by the board of directors under the 2012 omnibus plan tof provide awards to employees and non- employee members of the board of directors . it has been the company's practice to issue new shares rather than treasury shares for equity awards that require settlement by the issuance of common stock and to withhold or accept back shares awarded to cover the related income tax obligations of employee participants . shares of unrestricted common stock owned by non-d employee directors are not eligible to be withheld or acquired to satisfy the withholding obligation related to their income taxes . aa shares of unrestricted common stock owned by specified senior management level employees are accepted by the company to pay the exercise price of stock options in accordance with the terms and conditions of their awards . for 2016 , 2015 , and 2014 , total share-based compensation expense ( before tax ) of approximately $ 36 million , $ 36 million , and $ 28 million , respectively , was recognized in selling , general and administrative exd pense in the consolidated statements of earnings , comprehensive income and retained earnings for all share-based awards of which approximately $ 7 million , $ 7 million , and $ 4 million , respectively , related to stock options . the compensation expense is recognized over the substantive vesting period , which may be a shorter time period than the stated vesting period for qualifying termination eligible employees as defined in the forms of award notice . for 2016 , 2015 , and 2014 , approximately $ 2 million , $ 2 million , and $ 1 million , respectively , of stock option compensation expense was recognized due to qualifying termination eligibility preceding the requisite vesting period . stock option awards options have been granted on an annual basis to non-employee directors under the directors' subplan and predecessor plans and by the compensation and management development committee of the board of directors under the 2012 omnibus plan and predecessor plans to employees . option awards have an exercise price equal to the closing price of the company's stock on the date of grant . the term of options is 10 years with vesting periods thf at vary up to three years . vesting usually occurs ratably over the vesting period or at the end of the vesting period . the company utilizes the black scholes merton option valuation model which relies on certain assumptions to estimate an option's fair value . the weighted average assumptions used in the determination of fair value for stock options awarded in 2016 , 2015 , and 2014 are provided in the table below: . <table class='wikitable'><tr><td>1</td><td>assumptions</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>expected volatility rate</td><td>23.71% ( 23.71 % )</td><td>24.11% ( 24.11 % )</td><td>25.82% ( 25.82 % )</td></tr><tr><td>3</td><td>expected dividend yield</td><td>2.31% ( 2.31 % )</td><td>1.75% ( 1.75 % )</td><td>1.70% ( 1.70 % )</td></tr><tr><td>4</td><td>average risk-free interest rate</td><td>1.23% ( 1.23 % )</td><td>1.45% ( 1.45 % )</td><td>1.44% ( 1.44 % )</td></tr><tr><td>5</td><td>expected term years</td><td>5.0</td><td>4.8</td><td>4.7</td></tr></table> .\nQuestion: what is the difference in total share-based compensation expense between 2014 and 2015?\nAnswer: 8.0\nQuestion: what percentage change does this represent from 2014?\n"
},
{
"role": "agent",
"content": "0.28571"
}
] |
CONVFINQA448
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nutilized . in accordance with sfas no . 144 , accounting for the impairment or disposal of long-lived assets , a non-cash impairment charge of $ 4.1 million was recorded in the second quarter of fiscal 2008 for the excess machinery . this charge is included as a separate line item in the company 2019s consolidated statement of operations . there was no change to useful lives and related depreciation expense of the remaining assets as the company believes these estimates are currently reflective of the period the assets will be used in operations . 7 . warranties the company generally provides a one-year warranty on sequencing , genotyping and gene expression systems . at the time revenue is recognized , the company establishes an accrual for estimated warranty expenses associated with system sales . this expense is recorded as a component of cost of product revenue . estimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract . changes in the company 2019s reserve for product warranties from january 1 , 2006 through december 28 , 2008 are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>balance as of january 1 2006</td><td>$ 751</td></tr><tr><td>2</td><td>additions charged to cost of revenue</td><td>1379</td></tr><tr><td>3</td><td>repairs and replacements</td><td>-1134 ( 1134 )</td></tr><tr><td>4</td><td>balance as of december 31 2006</td><td>996</td></tr><tr><td>5</td><td>additions charged to cost of revenue</td><td>4939</td></tr><tr><td>6</td><td>repairs and replacements</td><td>-2219 ( 2219 )</td></tr><tr><td>7</td><td>balance as of december 30 2007</td><td>3716</td></tr><tr><td>8</td><td>additions charged to cost of revenue</td><td>13044</td></tr><tr><td>9</td><td>repairs and replacements</td><td>-8557 ( 8557 )</td></tr><tr><td>10</td><td>balance as of december 28 2008</td><td>$ 8203</td></tr></table> 8 . convertible senior notes on february 16 , 2007 , the company issued $ 400.0 million principal amount of 0.625% ( 0.625 % ) convertible senior notes due 2014 ( the notes ) , which included the exercise of the initial purchasers 2019 option to purchase up to an additional $ 50.0 million aggregate principal amount of notes . the net proceeds from the offering , after deducting the initial purchasers 2019 discount and offering expenses , were $ 390.3 million . the company will pay 0.625% ( 0.625 % ) interest per annum on the principal amount of the notes , payable semi-annually in arrears in cash on february 15 and august 15 of each year . the company made interest payments of $ 1.3 million and $ 1.2 million on february 15 , 2008 and august 15 , 2008 , respectively . the notes mature on february 15 , the notes will be convertible into cash and , if applicable , shares of the company 2019s common stock , $ 0.01 par value per share , based on a conversion rate , subject to adjustment , of 45.8058 shares per $ 1000 principal amount of notes ( which represents a conversion price of $ 21.83 per share ) , only in the following circumstances and to the following extent : ( 1 ) during the five business-day period after any five consecutive trading period ( the measurement period ) in which the trading price per note for each day of such measurement period was less than 97% ( 97 % ) of the product of the last reported sale price of the company 2019s common stock and the conversion rate on each such day ; ( 2 ) during any calendar quarter after the calendar quarter ending march 30 , 2007 , if the last reported sale price of the company 2019s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately illumina , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the difference in the reserve for product warranties between 12/30/06 and 12/30/07?\nAnswer: 2720.0\nQuestion: and the specific value for 2006?\nAnswer: 996.0\nQuestion: so what was the percentage change during this time?\n"
},
{
"role": "agent",
"content": "2.73092"
}
] |
CONVFINQA9530
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nprojected payments relating to these liabilities for the next five years ending december 31 , 2012 and the period from 2013 to 2017 are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 980</td></tr><tr><td>2</td><td>2009</td><td>1185</td></tr><tr><td>3</td><td>2010</td><td>978</td></tr><tr><td>4</td><td>2011</td><td>1022</td></tr><tr><td>5</td><td>2012</td><td>1425</td></tr><tr><td>6</td><td>2013 - 2017</td><td>$ 8147</td></tr></table> ( 18 ) concentration of risk the company generates a significant amount of revenue from large customers , however , no customers accounted for more than 10% ( 10 % ) of total revenue or total segment revenue in the years ended december 31 , 2007 , 2006 and 2005 . financial instruments that potentially subject the company to concentrations of credit risk consist primarily of cash equivalents and trade receivables . the company places its cash equivalents with high credit quality financial institutions and , by policy , limits the amount of credit exposure with any one financial institution . concentrations of credit risk with respect to trade receivables are limited because a large number of geographically diverse customers make up the company 2019s customer base , thus spreading the trade receivables credit risk . the company controls credit risk through monitoring procedures . ( 19 ) segment information upon completion of the certegy merger , the company implemented a new organizational structure , which resulted in a new operating segment structure beginning with the reporting of first quarter 2006 results . effective as of february 1 , 2006 , the company 2019s operating segments are tps and lps . this structure reflects how the businesses are operated and managed . the primary components of the tps segment , which includes certegy 2019s card and check services , the financial institution processing component of the former financial institution software and services segment of fis and the operations acquired from efunds , are enterprise solutions , integrated financial solutions and international businesses . the primary components of the lps segment are mortgage information services businesses , which includes the mortgage lender processing component of the former financial institution software and services segment of fis , and the former lender services , default management , and information services segments of fis . fidelity national information services , inc . and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) .\nQuestion: what was the value of projected payments in 2010?\n"
},
{
"role": "agent",
"content": "978.0"
}
] |
CONVFINQA1294
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis net interest income 2012 versus 2011 . net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 . the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value , and collateralized agreements . 2011 versus 2010 . net interest income on the consolidated statements of earnings was $ 5.19 billion for 2011 , 6% ( 6 % ) lower than 2010 . the decrease compared with 2010 was primarily due to higher interest expense related to our long-term borrowings and higher dividend expense related to financial instruments sold , but not yet purchased , partially offset by an increase in interest income from higher yielding collateralized agreements . operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment . in the context of more difficult economic and financial conditions , the firm launched an initiative during the second quarter of 2011 to identify areas where we can operate more efficiently and reduce our operating expenses . during 2012 and 2011 , we announced targeted annual run rate compensation and non-compensation reductions of approximately $ 1.9 billion in aggregate . the table below presents our operating expenses and total staff. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2012</td><td>year ended december 2011</td><td>year ended december 2010</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 12944</td><td>$ 12223</td><td>$ 15376</td></tr><tr><td>3</td><td>u.k . bank payrolltax</td><td>2014</td><td>2014</td><td>465</td></tr><tr><td>4</td><td>brokerage clearing exchange anddistribution fees</td><td>2208</td><td>2463</td><td>2281</td></tr><tr><td>5</td><td>market development</td><td>509</td><td>640</td><td>530</td></tr><tr><td>6</td><td>communications and technology</td><td>782</td><td>828</td><td>758</td></tr><tr><td>7</td><td>depreciation and amortization</td><td>1738</td><td>1865</td><td>1889</td></tr><tr><td>8</td><td>occupancy</td><td>875</td><td>1030</td><td>1086</td></tr><tr><td>9</td><td>professional fees</td><td>867</td><td>992</td><td>927</td></tr><tr><td>10</td><td>insurance reserves1</td><td>598</td><td>529</td><td>398</td></tr><tr><td>11</td><td>other expenses</td><td>2435</td><td>2072</td><td>2559</td></tr><tr><td>12</td><td>total non-compensation expenses</td><td>10012</td><td>10419</td><td>10428</td></tr><tr><td>13</td><td>total operating expenses</td><td>$ 22956</td><td>$ 22642</td><td>$ 26269</td></tr><tr><td>14</td><td>total staff atperiod-end2</td><td>32400</td><td>33300</td><td>35700</td></tr></table> total staff at period-end 2 32400 33300 35700 1 . related revenues are included in 201cmarket making 201d on the consolidated statements of earnings . 2 . includes employees , consultants and temporary staff . 48 goldman sachs 2012 annual report .\nQuestion: what were the total operating expenses in 2012, in millions?\nAnswer: 22956.0\nQuestion: and what were they in 2011, also in millions?\nAnswer: 22642.0\nQuestion: what was, then, in millions, the change in operating expenses from 2011 to 2012?\nAnswer: 314.0\nQuestion: and how much does that change represent in relation to the 2011 total, in percentage?\n"
},
{
"role": "agent",
"content": "0.01387"
}
] |
CONVFINQA8398
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company further presents total net 201ceconomic 201d investment exposure , net of deferred compensation investments and hedged investments , to reflect another gauge for investors as the economic impact of investments held pursuant to deferred compensation arrangements is substantially offset by a change in compensation expense and the impact of hedged investments is substantially mitigated by total return swap hedges . carried interest capital allocations are excluded as there is no impact to blackrock 2019s stockholders 2019 equity until such amounts are realized as performance fees . finally , the company 2019s regulatory investment in federal reserve bank stock , which is not subject to market or interest rate risk , is excluded from the company 2019s net economic investment exposure . ( dollar amounts in millions ) december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>december 31 2012</td><td>december 31 2011</td></tr><tr><td>2</td><td>total investments gaap</td><td>$ 1750</td><td>$ 1631</td></tr><tr><td>3</td><td>investments held by consolidated sponsored investmentfunds ( 1 )</td><td>-524 ( 524 )</td><td>-587 ( 587 )</td></tr><tr><td>4</td><td>net exposure to consolidated investment funds</td><td>430</td><td>475</td></tr><tr><td>5</td><td>total investments as adjusted</td><td>1656</td><td>1519</td></tr><tr><td>6</td><td>federal reserve bank stock ( 2 )</td><td>-89 ( 89 )</td><td>-328 ( 328 )</td></tr><tr><td>7</td><td>carried interest</td><td>-85 ( 85 )</td><td>-21 ( 21 )</td></tr><tr><td>8</td><td>deferred compensation investments</td><td>-62 ( 62 )</td><td>-65 ( 65 )</td></tr><tr><td>9</td><td>hedged investments</td><td>-209 ( 209 )</td><td>-43 ( 43 )</td></tr><tr><td>10</td><td>total 201ceconomic 201d investment exposure</td><td>$ 1211</td><td>$ 1062</td></tr></table> total 201ceconomic 201d investment exposure . . . $ 1211 $ 1062 ( 1 ) at december 31 , 2012 and december 31 , 2011 , approximately $ 524 million and $ 587 million , respectively , of blackrock 2019s total gaap investments were maintained in sponsored investment funds that were deemed to be controlled by blackrock in accordance with gaap , and , therefore , are consolidated even though blackrock may not economically own a majority of such funds . ( 2 ) the decrease of $ 239 million related to a lower holding requirement of federal reserve bank stock held by blackrock institutional trust company , n.a . ( 201cbtc 201d ) . total investments , as adjusted , at december 31 , 2012 increased $ 137 million from december 31 , 2011 , resulting from $ 765 million of purchases/capital contributions , $ 185 million from positive market valuations and earnings from equity method investments , and $ 64 million from net additional carried interest capital allocations , partially offset by $ 742 million of sales/maturities and $ 135 million of distributions representing return of capital and return on investments. .\nQuestion: what is the value of total 201ceconomic 201d investment exposure in 2012?\n"
},
{
"role": "agent",
"content": "1211.0"
}
] |
CONVFINQA3688
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text . <table class='wikitable'><tr><td>1</td><td>-</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 7632</td><td>$ 10640</td><td>$ -431 ( 431 )</td></tr><tr><td>3</td><td>foreign currency translation adjustments</td><td>5156</td><td>-4144 ( 4144 )</td><td>17343</td></tr><tr><td>4</td><td>income tax effect relating to translation adjustments forundistributed foreign earnings</td><td>-2208 ( 2208 )</td><td>1136</td><td>-6272 ( 6272 )</td></tr><tr><td>5</td><td>ending balance</td><td>$ 10580</td><td>$ 7632</td><td>$ 10640</td></tr></table> the following table sets forth the components of foreign currency translation adjustments for fiscal 2011 , 2010 and 2009 ( in thousands ) : beginning balance foreign currency translation adjustments income tax effect relating to translation adjustments for undistributed foreign earnings ending balance $ 7632 ( 2208 ) $ 10580 $ 10640 ( 4144 ) $ 7632 $ ( 431 ) 17343 ( 6272 ) $ 10640 stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . this amended program did not affect the $ 250.0 million structured stock repurchase agreement entered into during march 2010 . as of december 3 , 2010 , no prepayments remain under that agreement . during fiscal 2011 , 2010 and 2009 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 695.0 million , $ 850.0 million and $ 350.0 million , respectively . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar- based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . during fiscal 2009 , we repurchased approximately 15.2 million shares at an average price per share of $ 27.89 through structured repurchase agreements entered into during fiscal 2008 and fiscal 2009 . for fiscal 2011 , 2010 and 2009 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by december 2 , 2011 , december 3 , 2010 and november 27 , 2009 were excluded from the computation of earnings per share . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . as of november 27 , 2009 , approximately $ 59.9 million of prepayments remained under these agreements . subsequent to december 2 , 2011 , as part of our $ 1.6 billion stock repurchase program , we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $ 80.0 million . this amount will be classified as treasury stock on our consolidated balance sheets . upon completion of the $ 80.0 million stock table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) jarcamo typewritten text .\nQuestion: what was the net change in the average price of repurchased shares from 2010 to 2011?\n"
},
{
"role": "agent",
"content": "2.62"
}
] |
CONVFINQA6656
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.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 money pool balance in 2003?\nAnswer: 1783.0\nQuestion: what is that value divided by 1000?\nAnswer: 1.783\nQuestion: what was the value of money provided in 2003?\n"
},
{
"role": "agent",
"content": "1.7"
}
] |
CONVFINQA1900
|
[
{
"role": "human",
"content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ninterest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 6 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 114857</td></tr><tr><td>2</td><td>2018</td><td>127504</td></tr><tr><td>3</td><td>2019</td><td>136040</td></tr><tr><td>4</td><td>2020</td><td>133092</td></tr><tr><td>5</td><td>2021</td><td>122753</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>788180</td></tr><tr><td>7</td><td>total future minimum lease payments</td><td>$ 1422426</td></tr></table> included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .\nQuestion: what is the interest expense in 2016?\nAnswer: 26.4\nQuestion: what about in 2015?\n"
},
{
"role": "agent",
"content": "14.6"
}
] |
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