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Please answer the question based on all the information provided below:
Document: UNP/2011/page_80.pdf
ID: UNP/2011/page_80.pdf-1
Previous Text:
the redemptions resulted in an early extinguishment charge of $ 5 million .
on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .
the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .
on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .
the redemption resulted in a $ 5 million early extinguishment charge .
receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .
( see further discussion of our receivables securitization facility in note 10 ) .
15 .
variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .
these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .
within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .
depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .
we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .
as such , we have no control over activities that could materially impact the fair value of the leased assets .
we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .
additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .
the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .
16 .
leases we lease certain locomotives , freight cars , and other property .
the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 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 , 2011 , were as follows : millions operating leases capital leases .
Table Data:
[['millions', 'operatingleases', 'capitalleases'], ['2012', '$ 525', '$ 297'], ['2013', '489', '269'], ['2014', '415', '276'], ['2015', '372', '276'], ['2016', '347', '262'], ['later years', '2380', '1179'], ['total minimum leasepayments', '$ 4528', '$ 2559'], ['amount representing interest', 'n/a', '-685 ( 685 )'], ['present value of minimum leasepayments', 'n/a', '$ 1874']]
Following Text:
the majority of capital lease payments relate to locomotives .
rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .
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. .
Question: did the annual interest savings on the redemption of the 6.5% ( 6.5 % ) notes exceed the cost of the early extinguishment?
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no
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Please answer the question based on all the information provided below:
Document: ETR/2011/page_316.pdf
ID: ETR/2011/page_316.pdf-4
Previous Text:
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities .
results of operations net income 2011 compared to 2010 net income increased $ 242.5 million primarily due to a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts , which resulted in a $ 422 million income tax benefit .
the net income effect was partially offset by a $ 199 million regulatory charge , which reduced net revenue , because a portion of the benefit will be shared with customers .
see note 3 to the financial statements for additional discussion of the settlement and benefit sharing .
2010 compared to 2009 net income decreased slightly by $ 1.4 million primarily due to higher other operation and maintenance expenses , a higher effective income tax rate , and higher interest expense , almost entirely offset by higher net revenue .
net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .
following is an analysis of the change in net revenue comparing 2011 to 2010 .
amount ( in millions ) .
Table Data:
[['', 'amount ( in millions )'], ['2010 net revenue', '$ 1043.7'], ['mark-to-market tax settlement sharing', '-195.9 ( 195.9 )'], ['retail electric price', '32.5'], ['volume/weather', '11.6'], ['other', '-5.7 ( 5.7 )'], ['2011 net revenue', '$ 886.2']]
Following Text:
the mark-to-market tax settlement sharing variance results from a regulatory charge because a portion of the benefits of a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts will be shared with customers , slightly offset by the amortization of a portion of that charge beginning in october 2011 .
see notes 3 and 8 to the financial statements for additional discussion of the settlement and benefit sharing .
the retail electric price variance is primarily due to a formula rate plan increase effective may 2011 .
see note 2 to the financial statements for discussion of the formula rate plan increase. .
Question: what is the growth rate in net revenue from 2010 to 2011?
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-15.1%
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Please answer the question based on all the information provided below:
Document: IPG/2013/page_36.pdf
ID: IPG/2013/page_36.pdf-4
Previous Text:
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2012 primarily related to payments for capital expenditures and acquisitions , partially offset by the net proceeds of $ 94.8 received from the sale of our remaining holdings in facebook .
capital expenditures of $ 169.2 primarily related to computer hardware and software , and leasehold improvements .
capital expenditures increased in 2012 compared to the prior year , primarily due to an increase in leasehold improvements made during the year .
payments for acquisitions of $ 145.5 primarily related to payments for new acquisitions .
financing activities net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock , and payment of dividends .
we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes .
in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock .
net cash provided by financing activities during 2012 primarily reflected net proceeds from our debt transactions .
we issued $ 300.0 in aggregate principal amount of 2.25% ( 2.25 % ) senior notes due 2017 ( the 201c2.25% ( 201c2.25 % ) notes 201d ) , $ 500.0 in aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2023 ( the 201c3.75% ( 201c3.75 % ) notes 201d ) and $ 250.0 in aggregate principal amount of 4.00% ( 4.00 % ) senior notes due 2022 ( the 201c4.00% ( 201c4.00 % ) notes 201d ) .
the proceeds from the issuance of the 4.00% ( 4.00 % ) notes were applied towards the repurchase and redemption of $ 399.6 in aggregate principal amount of our 4.25% ( 4.25 % ) notes .
offsetting the net proceeds from our debt transactions was the repurchase of 32.7 shares of our common stock for an aggregate cost of $ 350.5 , including fees , and dividend payments of $ 103.4 on our common stock .
foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 .
the decrease was primarily a result of the u.s .
dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , japanese yen , canadian dollar and south african rand as of december 31 , 2013 compared to december 31 , 2012 .
the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 6.2 in 2012 .
the decrease was a result of the u.s .
dollar being stronger than several foreign currencies , including the brazilian real and south african rand , offset by the u.s .
dollar being weaker than other foreign currencies , including the australian dollar , british pound and the euro , as of as of december 31 , 2012 compared to december 31 , 2011. .
Table Data:
[['balance sheet data', 'december 31 , 2013', 'december 31 , 2012'], ['cash cash equivalents and marketable securities', '$ 1642.1', '$ 2590.8'], ['short-term borrowings', '$ 179.1', '$ 172.1'], ['current portion of long-term debt', '353.6', '216.6'], ['long-term debt', '1129.8', '2060.8'], ['total debt', '$ 1662.5', '$ 2449.5']]
Following Text:
liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months .
we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs .
we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends. .
Question: what is the growth rate in the balance of cash , cash equivalents and marketable securities from 2012 to 2013?
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-36.6%
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Please answer the question based on all the information provided below:
Document: TROW/2011/page_13.pdf
ID: TROW/2011/page_13.pdf-2
Previous Text:
2322 t .
r o w e p r i c e g r o u p a n n u a l r e p o r t 2 0 1 1 c o n t r a c t u a l o b l i g at i o n s the following table presents a summary of our future obligations ( in a0millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2011 .
other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees .
because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations .
the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2012 and future years .
the information also excludes the $ 4.7 a0million of uncertain tax positions discussed in note 9 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. .
Table Data:
[['', 'total', '2012', '2013-14', '2015-16', 'later'], ['noncancelable operating leases', '$ 185', '$ 31', '$ 63', '$ 57', '$ 34'], ['other purchase commitments', '160', '112', '38', '10', '-'], ['total', '$ 345', '$ 143', '$ 101', '$ 67', '$ 34']]
Following Text:
we also have outstanding commitments to fund additional contributions to investment partnerships in which we have an existing investment totaling $ 42.5 a0million at december 31 , 2011 .
c r i t i c a l a c c o u n t i n g p o l i c i e s the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives .
further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our balance sheet , the revenues and expenses in our statement of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements .
making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time .
accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes .
we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2011 annual report .
in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements .
other than temporary impairments of available-for-sale securities .
we generally classify our investment holdings in sponsored mutual funds and the debt securities held for investment by our savings bank subsidiary as available-for-sale .
at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the statement of stockholders 2019 equity .
we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary .
in determining whether a mutual fund holding is other than temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value .
subject to the other considerations noted above , with respect to duration of time , we believe a mutual fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other than temporary impairment .
we may also recognize an other than temporary loss of less than six months in our statement of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible .
an impaired debt security held by our savings bank subsidiary is considered to have an other than temporary loss that we will recognize in our statement of income if the impairment is caused by a change in credit quality that affects our ability to recover our amortized cost or if we intend to sell the security or believe that it is more likely than not that we will be required to sell the security before recovering cost .
minor impairments of 5% ( 5 % ) or less are generally considered temporary .
other than temporary impairments of equity method investments .
we evaluate our equity method investments , including our investment in uti , for impairment when events or changes in circumstances indicate that the carrying value of the investment exceeds its fair value , and the decline in fair value is other than temporary .
goodwill .
we internally conduct , manage and report our operations as one investment advisory business .
we do not have distinct operating segments or components that separately constitute a business .
accordingly , we attribute goodwill to a single reportable business segment and reporting unit 2014our investment advisory business .
we evaluate the carrying amount of goodwill in our balance sheet for possible impairment on an annual basis in the third quarter of each year using a fair value approach .
goodwill would be considered impaired whenever our historical carrying amount exceeds the fair value of our investment advisory business .
our annual testing has demonstrated that the fair value of our investment advisory business ( our market capitalization ) exceeds our carrying amount ( our stockholders 2019 equity ) and , therefore , no impairment exists .
should we reach a different conclusion in the future , additional work would be performed to ascertain the amount of the non-cash impairment charge to be recognized .
we must also perform impairment testing at other times if an event or circumstance occurs indicating that it is more likely than not that an impairment has been incurred .
the maximum future impairment of goodwill that we could incur is the amount recognized in our balance sheet , $ 665.7 a0million .
stock options .
we recognize stock option-based compensation expense in our consolidated statement of income using a fair value based method .
fair value methods use a valuation model for shorter-term , market-traded financial instruments to theoretically value stock option grants even though they are not available for trading and are of longer duration .
the black- scholes option-pricing model that we use includes the input of certain variables that are dependent on future expectations , including the expected lives of our options from grant date to exercise date , the volatility of our underlying common shares in the market over that time period , and the rate of dividends that we will pay during that time .
our estimates of these variables are made for the purpose of using the valuation model to determine an expense for each reporting period and are not subsequently adjusted .
unlike most of our expenses , the resulting charge to earnings using a fair value based method is a non-cash charge that is never measured by , or adjusted based on , a cash outflow .
provision for income taxes .
after compensation and related costs , our provision for income taxes on our earnings is our largest annual expense .
we operate in numerous states and countries through our various subsidiaries , and must allocate our income , expenses , and earnings under the various laws and regulations of each of these taxing jurisdictions .
accordingly , our provision for income taxes represents our total estimate of the liability that we have incurred in doing business each year in all of our locations .
annually , we file tax returns that represent our filing positions with each jurisdiction and settle our return liabilities .
each jurisdiction has the right to audit those returns and may take different positions with respect to income and expense allocations and taxable earnings determinations .
from time to time , we may also provide for estimated liabilities associated with uncertain tax return filing positions that are subject to , or in the process of , being audited by various tax authorities .
because the determination of our annual provision is subject to judgments and estimates , it is likely that actual results will vary from those recognized in our financial statements .
as a result , we recognize additions to , or reductions of , income tax expense during a reporting period that pertain to prior period provisions as our estimated liabilities are revised and actual tax returns and tax audits are settled .
we recognize any such prior period adjustment in the discrete quarterly period in which it is determined .
n e w ly i s s u e d b u t n o t y e t a d o p t e d a c c o u n t i n g g u i d a n c e in may 2011 , the fasb issued amended guidance clarifying how to measure and disclose fair value .
we do not believe the adoption of such amended guidance on january 1 , 2012 , will have a significant effect on our consolidated financial statements .
we have also considered all other newly issued accounting guidance that is applicable to our operations and the preparation of our consolidated statements , including that which we have not yet adopted .
we do not believe that any such guidance will have a material effect on our financial position or results of operation. .
Question: what percentage of total other purchase commitments is made up of other purchase commitments?
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46%
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Please answer the question based on all the information provided below:
Document: ANSS/2014/page_49.pdf
ID: ANSS/2014/page_49.pdf-2
Previous Text:
other expense , net : the company's other expense consists of the following: .
Table Data:
[['( in thousands )', 'year ended december 31 , 2013', 'year ended december 31 , 2012'], ['foreign currency losses net', '$ -1115 ( 1115 )', '$ -1401 ( 1401 )'], ['other income ( expense ) net', '69', '-4 ( 4 )'], ['total other expense net', '$ -1046 ( 1046 )', '$ -1405 ( 1405 )']]
Following Text:
income tax provision : the company recorded income tax expense of $ 77.2 million and had income before income taxes of $ 322.5 million for the year ended december 31 , 2013 , representing an effective tax rate of 23.9% ( 23.9 % ) .
during the year ended december 31 , 2012 , the company recorded income tax expense of $ 90.1 million and had income before income taxes of $ 293.5 million , representing an effective tax rate of 30.7% ( 30.7 % ) .
in december 2013 , the company received notice from the irs that the joint committee on taxation took no exception to the company's tax returns that were filed for 2009 and 2010 .
an $ 11.0 million tax benefit was recognized in the company's 2013 financial results as the company had effectively settled uncertainty regarding the realization of refund claims filed in connection with the 2009 and 2010 returns .
in the u.s. , which is the largest jurisdiction where the company receives such a tax credit , the availability of the research and development credit expired at the end of the 2011 tax year .
in january 2013 , the u.s .
congress passed legislation that reinstated the research and development credit retroactive to 2012 .
the income tax provision for the year ended december 31 , 2013 includes approximately $ 2.3 million related to the reinstated research and development credit for 2012 activity .
the decrease in the effective tax rate from the prior year is primarily due to the release of an uncertain tax position mentioned above , the reinstatement of the u.s .
research and development credit mentioned above , and cash repatriation activities .
when compared to the federal and state combined statutory rate , the effective tax rates for the years ended december 31 , 2013 and 2012 were favorably impacted by lower statutory tax rates in many of the company 2019s foreign jurisdictions , the domestic manufacturing deduction and tax benefits associated with the merger of the company 2019s japan subsidiaries in 2010 .
net income : the company 2019s net income for the year ended december 31 , 2013 was $ 245.3 million as compared to net income of $ 203.5 million for the year ended december 31 , 2012 .
diluted earnings per share was $ 2.58 for the year ended december 31 , 2013 and $ 2.14 for the year ended december 31 , 2012 .
the weighted average shares used in computing diluted earnings per share were 95.1 million and 95.0 million for the years ended december 31 , 2013 and 2012 , respectively .
table of contents .
Question: what was the percentage change in the company 2019s net income from 2012 to 2013 .
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20.5%
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Please answer the question based on all the information provided below:
Document: ETR/2004/page_216.pdf
ID: ETR/2004/page_216.pdf-1
Previous Text:
entergy 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 Data:
[['2004', '2003', '2002', '2001'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 40549', '( $ 41317 )', '$ 18854', '$ 3812']]
Following Text:
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. .
Question: what is the the net issuance of long-term debt as a percentage of the decrease in net cash used by financing activities in 2004?
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24.2%
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Please answer the question based on all the information provided below:
Document: UAA/2018/page_40.pdf
ID: UAA/2018/page_40.pdf-3
Previous Text:
consolidated results of operations year ended december 31 , 2018 compared to year ended december 31 , 2017 net revenues increased $ 203.9 million , or 4.1% ( 4.1 % ) , to $ 5193.2 million in 2018 from $ 4989.2 million in 2017 .
net revenues by product category are summarized below: .
Table Data:
[['( in thousands )', 'year ended december 31 , 2018', 'year ended december 31 , 2017', 'year ended december 31 , $ change', 'year ended december 31 , % ( % ) change'], ['apparel', '$ 3462372', '$ 3287121', '$ 175251', '5.3% ( 5.3 % )'], ['footwear', '1063175', '1037840', '25335', '2.4'], ['accessories', '422496', '445838', '-23342 ( 23342 )', '-5.2 ( 5.2 )'], ['total net sales', '4948043', '4770799', '177244', '3.7'], ['license', '124785', '116575', '8210', '7.0'], ['connected fitness', '120357', '101870', '18487', '18.1'], ['total net revenues', '$ 5193185', '$ 4989244', '$ 203941', '4.1% ( 4.1 % )']]
Following Text:
the increase in net sales was driven primarily by : 2022 apparel unit sales growth driven by the train category ; and 2022 footwear unit sales growth , led by the run category .
the increase was partially offset by unit sales decline in accessories .
license revenues increased $ 8.2 million , or 7.0% ( 7.0 % ) , to $ 124.8 million in 2018 from $ 116.6 million in 2017 .
connected fitness revenue increased $ 18.5 million , or 18.1% ( 18.1 % ) , to $ 120.4 million in 2018 from $ 101.9 million in 2017 primarily driven by increased subscribers on our fitness applications .
gross profit increased $ 89.1 million to $ 2340.5 million in 2018 from $ 2251.4 million in 2017 .
gross profit as a percentage of net revenues , or gross margin , was unchanged at 45.1% ( 45.1 % ) in 2018 compared to 2017 .
gross profit percentage was favorably impacted by lower promotional activity , improvements in product cost , lower air freight , higher proportion of international and connected fitness revenue and changes in foreign currency ; these favorable impacts were offset by channel mix including higher sales to our off-price channel and restructuring related charges .
with the exception of improvements in product input costs and air freight improvements , we do not expect these trends to have a material impact on the full year 2019 .
selling , general and administrative expenses increased $ 82.8 million to $ 2182.3 million in 2018 from $ 2099.5 million in 2017 .
as a percentage of net revenues , selling , general and administrative expenses decreased slightly to 42.0% ( 42.0 % ) in 2018 from 42.1% ( 42.1 % ) in 2017 .
selling , general and administrative expense was impacted by the following : 2022 marketing costs decreased $ 21.3 million to $ 543.8 million in 2018 from $ 565.1 million in 2017 .
this decrease was primarily due to restructuring efforts , resulting in lower compensation and contractual sports marketing .
this decrease was partially offset by higher costs in connection with brand marketing campaigns and increased marketing investments with the growth of our international business .
as a percentage of net revenues , marketing costs decreased to 10.5% ( 10.5 % ) in 2018 from 11.3% ( 11.3 % ) in 2017 .
2022 other costs increased $ 104.1 million to $ 1638.5 million in 2018 from $ 1534.4 million in 2017 .
this increase was primarily due to higher incentive compensation expense and higher costs incurred for the continued expansion of our direct to consumer distribution channel and international business .
as a percentage of net revenues , other costs increased to 31.6% ( 31.6 % ) in 2018 from 30.8% ( 30.8 % ) in 2017 .
restructuring and impairment charges increased $ 59.1 million to $ 183.1 million from $ 124.0 million in 2017 .
refer to the restructuring plans section above for a summary of charges .
income ( loss ) from operations decreased $ 52.8 million , or 189.9% ( 189.9 % ) , to a loss of $ 25.0 million in 2018 from income of $ 27.8 million in 2017 .
as a percentage of net revenues , income from operations decreased to a loss of 0.4% ( 0.4 % ) in 2018 from income of 0.5% ( 0.5 % ) in 2017 .
income from operations for the year ended december 31 , 2018 was negatively impacted by $ 203.9 million of restructuring , impairment and related charges in connection with the 2018 restructuring plan .
income from operations for the year ended december 31 , 2017 was negatively impacted by $ 129.1 million of restructuring , impairment and related charges in connection with the 2017 restructuring plan .
interest expense , net decreased $ 0.9 million to $ 33.6 million in 2018 from $ 34.5 million in 2017. .
Question: what was connected fitness as a percentage of total net revenue in 2017?
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2%
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Please answer the question based on all the information provided below:
Document: UPS/2012/page_51.pdf
ID: UPS/2012/page_51.pdf-4
Previous Text:
united 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 Data:
[['', '2012', '2011', '2010'], ['net income', '$ 807', '$ 3804', '$ 3338'], ['non-cash operating activities ( a )', '7301', '4505', '4398'], ['pension and postretirement plan contributions ( ups-sponsored plans )', '-917 ( 917 )', '-1436 ( 1436 )', '-3240 ( 3240 )'], ['income tax receivables and payables', '280', '236', '-319 ( 319 )'], ['changes in working capital and other noncurrent assets and liabilities', '-148 ( 148 )', '-12 ( 12 )', '-340 ( 340 )'], ['other operating activities', '-107 ( 107 )', '-24 ( 24 )', '-2 ( 2 )'], ['net cash from operating activities', '$ 7216', '$ 7073', '$ 3835']]
Following Text:
( 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. .
Question: what was the percentage change in net cash from operating activities from 2010 to 2011?
|
84%
|
Please answer the question based on all the information provided below:
Document: RE/2018/page_38.pdf
ID: RE/2018/page_38.pdf-2
Previous Text:
ireland .
holdings ireland , everest dublin holdings , ireland re and ireland insurance conduct business in ireland and are subject to taxation in ireland .
aavailable information .
the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) .
item 1a .
risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities .
if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly .
risks relating to our business fluctuations in the financial markets could result in investment losses .
prolonged and severe disruptions in the overall public and private debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio .
although financial markets have significantly improved since 2008 , they could deteriorate in the future .
there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years .
such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings .
our results could be adversely affected by catastrophic events .
we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism .
any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations .
by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: .
Table Data:
[['calendar year:', 'pre-tax catastrophe losses'], ['( dollars in millions )', ''], ['2018', '$ 1800.2'], ['2017', '1472.6'], ['2016', '301.2'], ['2015', '53.8'], ['2014', '56.3']]
Following Text:
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. .
Question: what is the total pre-tax catastrophe losses from 2014 to 2018 in miilions
|
3684.1
|
Please answer the question based on all the information provided below:
Document: ETR/2011/page_358.pdf
ID: ETR/2011/page_358.pdf-1
Previous Text:
entergy new orleans , inc .
management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities .
results of operations net income 2011 compared to 2010 net income increased $ 4.9 million primarily due to lower other operation and maintenance expenses , lower taxes other than income taxes , a lower effective income tax rate , and lower interest expense , partially offset by lower net revenue .
2010 compared to 2009 net income remained relatively unchanged , increasing $ 0.6 million , primarily due to higher net revenue and lower interest expense , almost entirely offset by higher other operation and maintenance expenses , higher taxes other than income taxes , lower other income , and higher depreciation and amortization expenses .
net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .
following is an analysis of the change in net revenue comparing 2011 to 2010 .
amount ( in millions ) .
Table Data:
[['', 'amount ( in millions )'], ['2010 net revenue', '$ 272.9'], ['retail electric price', '-16.9 ( 16.9 )'], ['net gas revenue', '-9.1 ( 9.1 )'], ['gas cost recovery asset', '-3.0 ( 3.0 )'], ['volume/weather', '5.4'], ['other', '-2.3 ( 2.3 )'], ['2011 net revenue', '$ 247.0']]
Following Text:
the retail electric price variance is primarily due to formula rate plan decreases effective october 2010 and october 2011 .
see note 2 to the financial statements for a discussion of the formula rate plan filing .
the net gas revenue variance is primarily due to milder weather in 2011 compared to 2010 .
the gas cost recovery asset variance is primarily due to the recognition in 2010 of a $ 3 million gas operations regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plan case and the amortization of that asset .
see note 2 to the financial statements for additional discussion of the formula rate plan settlement. .
Question: what is the growth rate in net revenue from 2010 to 2011?
|
-9.5%
|
Please answer the question based on all the information provided below:
Document: AWK/2018/page_172.pdf
ID: AWK/2018/page_172.pdf-2
Previous Text:
totaled $ 12 million , $ 13 million and $ 9 million for 2018 , 2017 and 2016 , respectively .
all of the company 2019s contributions are invested in one or more funds at the direction of the employees .
note 16 : commitments and contingencies commitments have been made in connection with certain construction programs .
the estimated capital expenditures required under legal and binding contractual obligations amounted to $ 419 million as of december 31 , 2018 .
the company 2019s regulated subsidiaries maintain agreements with other water purveyors for the purchase of water to supplement their water supply .
the following table provides the future annual commitments related to minimum quantities of purchased water having non-cancelable: .
Table Data:
[['', 'amount'], ['2019', '$ 65'], ['2020', '65'], ['2021', '65'], ['2022', '64'], ['2023', '57'], ['thereafter', '641']]
Following Text:
the company enters into agreements for the provision of services to water and wastewater facilities for the united states military , municipalities and other customers .
see note 3 2014revenue recognition for additional information regarding the company 2019s performance obligations .
contingencies the company is routinely involved in legal actions incident to the normal conduct of its business .
as of december 31 , 2018 , the company has accrued approximately $ 54 million of probable loss contingencies and has estimated that the maximum amount of losses associated with reasonably possible loss contingencies that can be reasonably estimated is $ 26 million .
for certain matters , claims and actions , the company is unable to estimate possible losses .
the company believes that damages or settlements , if any , recovered by plaintiffs in such matters , claims or actions , other than as described in this note 16 2014commitments and contingencies , will not have a material adverse effect on the company .
west virginia elk river freedom industries chemical spill on june 8 , 2018 , the u.s .
district court for the southern district of west virginia granted final approval of a settlement class and global class action settlement ( the 201csettlement 201d ) for all claims and potential claims by all putative class members ( collectively , the 201cplaintiffs 201d ) arising out of the january 2014 freedom industries , inc .
chemical spill in west virginia .
the effective date of the settlement is july 16 , 2018 .
under the terms and conditions of the settlement , west virginia-american water company ( 201cwvawc 201d ) and certain other company affiliated entities ( collectively , the 201camerican water defendants 201d ) did not admit , and will not admit , any fault or liability for any of the allegations made by the plaintiffs in any of the actions that were resolved .
under federal class action rules , claimants had the right , until december 8 , 2017 , to elect to opt out of the final settlement .
less than 100 of the 225000 estimated putative class members elected to opt out from the settlement , and these claimants will not receive any benefit from or be bound by the terms of the settlement .
in june 2018 , the company and its remaining non-participating general liability insurance carrier settled for a payment to the company of $ 20 million , out of a maximum of $ 25 million in potential coverage under the terms of the relevant policy , in exchange for a full release by the american water defendants of all claims against the insurance carrier related to the freedom industries chemical spill. .
Question: what was the change in the amount of future annual commitments related to minimum quantities of purchased water between \\n2019 and 2020?
|
0
|
Please answer the question based on all the information provided below:
Document: UPS/2010/page_33.pdf
ID: UPS/2010/page_33.pdf-3
Previous Text:
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , 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 , 2005 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock .
comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 201020092008200720062005 s&p 500 ups dj transport .
Table Data:
[['', '12/31/05', '12/31/06', '12/31/07', '12/31/08', '12/31/09', '12/31/10'], ['united parcel service inc .', '$ 100.00', '$ 101.76', '$ 98.20', '$ 78.76', '$ 84.87', '$ 110.57'], ['standard & poor 2019s 500 index', '$ 100.00', '$ 115.79', '$ 122.16', '$ 76.96', '$ 97.33', '$ 111.99'], ['dow jones transportation average', '$ 100.00', '$ 109.82', '$ 111.38', '$ 87.52', '$ 103.79', '$ 131.59']]
Following Text:
.
Question: what is the difference in total cumulative return on investment between united parcel service inc . and the dow jones transportation average for the five year period ending 12/31/10?
|
-21.02
|
Please answer the question based on all the information provided below:
Document: ILMN/2006/page_92.pdf
ID: ILMN/2006/page_92.pdf-3
Previous Text:
as of december 31 , 2006 , the company also leased an office and laboratory facility in connecticut , additional office , distribution and storage facilities in san diego , and four foreign facilities located in japan , singapore , china and the netherlands under non-cancelable operating leases that expire at various times through june 2011 .
these leases contain renewal options ranging from one to five years .
as of december 31 , 2006 , annual future minimum payments under these operating leases were as follows ( in thousands ) : .
Table Data:
[['2007', '5320'], ['2008', '5335'], ['2009', '5075'], ['2010', '4659'], ['2011', '4712'], ['2012 and thereafter', '12798'], ['total', '$ 37899']]
Following Text:
rent expense , net of amortization of the deferred gain on sale of property , was $ 4723041 , $ 4737218 , and $ 1794234 for the years ended december 31 , 2006 , january 1 , 2006 and january 2 , 2005 , respectively .
6 .
stockholders 2019 equity common stock as of december 31 , 2006 , the company had 46857512 shares of common stock outstanding , of which 4814744 shares were sold to employees and consultants subject to restricted stock agreements .
the restricted common shares vest in accordance with the provisions of the agreements , generally over five years .
all unvested shares are subject to repurchase by the company at the original purchase price .
as of december 31 , 2006 , 36000 shares of common stock were subject to repurchase .
in addition , the company also issued 12000 shares for a restricted stock award to an employee under the company 2019s new 2005 stock and incentive plan based on service performance .
these shares vest monthly over a three-year period .
stock options 2005 stock and incentive plan in june 2005 , the stockholders of the company approved the 2005 stock and incentive plan ( the 2005 stock plan ) .
upon adoption of the 2005 stock plan , issuance of options under the company 2019s existing 2000 stock plan ceased .
the 2005 stock plan provides that an aggregate of up to 11542358 shares of the company 2019s common stock be reserved and available to be issued .
in addition , the 2005 stock plan provides for an automatic annual increase in the shares reserved for issuance by the lesser of 5% ( 5 % ) of outstanding shares of the company 2019s common stock on the last day of the immediately preceding fiscal year , 1200000 shares or such lesser amount as determined by the company 2019s board of directors .
illumina , inc .
notes to consolidated financial statements 2014 ( continued ) .
Question: as of december 31 , 2006 , annual future minimum payments under these operating leases what was the percent of the amount in 2007
|
14%
|
Please answer the question based on all the information provided below:
Document: JPM/2016/page_73.pdf
ID: JPM/2016/page_73.pdf-3
Previous Text:
jpmorgan chase & co./2016 annual report 35 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .
( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .
the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors .
the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .
and is composed of leading national money center and regional banks and thrifts .
the s&p financial index is an index of financial companies , all of which are components of the s&p 500 .
the firm is a component of all three industry indices .
the following table and graph assume simultaneous investments of $ 100 on december 31 , 2011 , in jpmorgan chase common stock and in each of the above indices .
the comparison assumes that all dividends are reinvested .
december 31 , ( in dollars ) 2011 2012 2013 2014 2015 2016 .
Table Data:
[['december 31 ( in dollars )', '2011', '2012', '2013', '2014', '2015', '2016'], ['jpmorgan chase', '$ 100.00', '$ 136.18', '$ 186.17', '$ 204.57', '$ 221.68', '$ 298.31'], ['kbw bank index', '100.00', '133.03', '183.26', '200.42', '201.40', '258.82'], ['s&p financial index', '100.00', '128.75', '174.57', '201.06', '197.92', '242.94'], ['s&p 500 index', '100.00', '115.99', '153.55', '174.55', '176.95', '198.10']]
Following Text:
december 31 , ( in dollars ) .
Question: did jpmorgan chase outperform the kbw bank index 100.00?\\n
|
yes
|
Please answer the question based on all the information provided below:
Document: AAPL/2015/page_68.pdf
ID: AAPL/2015/page_68.pdf-3
Previous Text:
table of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .
when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .
if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .
the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .
continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .
the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .
therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .
substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .
a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .
certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .
although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .
the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .
other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .
the company does not currently utilize any other off-balance sheet financing arrangements .
the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .
as of september 26 , 2015 , the company had a total of 463 retail stores .
leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .
as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .
rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .
future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : .
Table Data:
[['2016', '$ 772'], ['2017', '774'], ['2018', '744'], ['2019', '715'], ['2020', '674'], ['thereafter', '2592'], ['total', '$ 6271']]
Following Text:
other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .
these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .
the company also obtains individual components for its products from a wide variety of individual suppliers .
consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .
where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .
as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .
apple inc .
| 2015 form 10-k | 65 .
Question: for future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , what percentage are due after 5 years?
|
41.3%
|
Please answer the question based on all the information provided below:
Document: ORLY/2009/page_77.pdf
ID: ORLY/2009/page_77.pdf-2
Previous Text:
the table below represents unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) : balance in accumulated other comprehensive loss .
Table Data:
[['contract type', 'balance in accumulated other comprehensive loss 2009', 'balance in accumulated other comprehensive loss 2008'], ['interest rate swaps', '$ 13053', '$ 18874']]
Following Text:
note 9 2013 fair value measurements the company uses the fair value hierarchy , which prioritizes the inputs used to measure the fair value of certain of its financial instruments .
the hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities ( level 1 measurement ) and the lowest priority to unobservable inputs ( level 3 measurement ) .
the three levels of the fair value hierarchy are set forth below : 2022 level 1 2013 quoted prices are available in active markets for identical assets or liabilities as of the reporting date .
active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis .
2022 level 2 2013 pricing inputs are other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date .
level 2 includes those financial instruments that are valued using models or other valuation methodologies .
these models are primarily industry-standard models that consider various assumptions , including time value , volatility factors , and current market and contractual prices for the underlying instruments , as well as other relevant economic measures .
substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument , can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace .
2022 level 3 2013 pricing inputs include significant inputs that are generally less observable from objective sources .
these inputs may be used with internally developed methodologies that result in management 2019s best estimate of fair value from the perspective of a market participant .
the fair value of the interest rate swap transactions are based on the discounted net present value of the swap using third party quotes ( level 2 ) .
changes in fair market value are recorded in other comprehensive income ( loss ) , and changes resulting from ineffectiveness are recorded in current earnings .
assets and liabilities measured at fair value are based on one or more of three valuation techniques .
the three valuation techniques are identified in the table below and are as follows : a ) market approach 2013 prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities b ) cost approach 2013 amount that would be required to replace the service capacity of an asset ( replacement cost ) c ) income approach 2013 techniques to convert future amounts to a single present amount based on market expectations ( including present value techniques , option-pricing and excess earnings models ) .
Question: for unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) , what was the total balance in accumulated other comprehensive loss for the two years combined?
|
31927
|
Please answer the question based on all the information provided below:
Document: C/2018/page_179.pdf
ID: C/2018/page_179.pdf-2
Previous Text:
incentive compensation cost the following table shows components of compensation expense , relating to certain of the incentive compensation programs described above : in a0millions a0of a0dollars 2018 2017 2016 charges for estimated awards to retirement-eligible employees $ 669 $ 659 $ 555 amortization of deferred cash awards , deferred cash stock units and performance stock units 202 354 336 immediately vested stock award expense ( 1 ) 75 70 73 amortization of restricted and deferred stock awards ( 2 ) 435 474 509 .
Table Data:
[['in millions of dollars', '2018', '2017', '2016'], ['charges for estimated awards to retirement-eligible employees', '$ 669', '$ 659', '$ 555'], ['amortization of deferred cash awards deferred cash stock units and performance stock units', '202', '354', '336'], ['immediately vested stock award expense ( 1 )', '75', '70', '73'], ['amortization of restricted and deferred stock awards ( 2 )', '435', '474', '509'], ['other variable incentive compensation', '640', '694', '710'], ['total', '$ 2021', '$ 2251', '$ 2183']]
Following Text:
( 1 ) represents expense for immediately vested stock awards that generally were stock payments in lieu of cash compensation .
the expense is generally accrued as cash incentive compensation in the year prior to grant .
( 2 ) all periods include amortization expense for all unvested awards to non-retirement-eligible employees. .
Question: what percentage of total compensation expense in 2018 is composed of other variable incentive compensation?
|
32%
|
Please answer the question based on all the information provided below:
Document: AMT/2007/page_114.pdf
ID: AMT/2007/page_114.pdf-3
Previous Text:
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) market and lease the unused tower space on the broadcast towers ( the economic rights ) .
tv azteca retains title to these towers and is responsible for their operation and maintenance .
the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants .
the term of the economic rights agreement is seventy years ; however , tv azteca has the right to purchase , at fair market value , the economic rights from the company at any time during the last fifty years of the agreement .
should tv azteca elect to purchase the economic rights ( in whole or in part ) , it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election .
the company 2019s obligation to pay tv azteca $ 1.5 million annually would also be reduced proportionally .
the company has accounted for the annual payment of $ 1.5 million as a capital lease ( initially recording an asset and a corresponding liability of approximately $ 18.6 million ) .
the capital lease asset and the discount on the note , which aggregate approximately $ 30.2 million , represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement .
on a quarterly basis , the company assesses the recoverability of its note receivable from tv azteca .
as of december 31 , 2007 and 2006 , the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required .
a former executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006 .
as of december 31 , 2007 and 2006 , the company also had other long-term notes receivable outstanding of approximately $ 4.3 million and $ 11.0 million , respectively .
8 .
derivative financial instruments the company enters into interest rate protection agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments .
under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract .
such exposure was limited to the current value of the contract at the time the counterparty fails to perform .
the company believes its contracts as of december 31 , 2007 and 2006 are with credit worthy institutions .
as of december 31 , 2007 and 2006 , the carrying amounts of the company 2019s derivative financial instruments , along with the estimated fair values of the related assets reflected in notes receivable and other long-term assets and ( liabilities ) reflected in other long-term liabilities in the accompanying consolidated balance sheet , are as follows ( in thousands except percentages ) : as of december 31 , 2007 notional amount interest rate term carrying amount and fair value .
Table Data:
[['as of december 31 2007', 'notional amount', 'interest rate', 'term', 'carrying amount and fair value'], ['interest rate swap agreement', '$ 150000', '3.95% ( 3.95 % )', 'expiring in 2009', '$ -369 ( 369 )'], ['interest rate swap agreement', '100000', '4.08% ( 4.08 % )', 'expiring in 2010', '-571 ( 571 )'], ['total', '$ 250000', '', '', '$ -940 ( 940 )']]
Following Text:
.
Question: the 3.95% ( 3.95 % ) notional swap was how much of the total notional swap principle?
|
60%
|
Please answer the question based on all the information provided below:
Document: WMT/2018/page_46.pdf
ID: WMT/2018/page_46.pdf-2
Previous Text:
continued investments in ecommerce and technology .
the increase in operating expenses as a percentage of net sales for fiscal 2017 was partially offset by the impact of store closures in the fourth quarter of fiscal 2016 .
membership and other income was relatively flat for fiscal 2018 and increased $ 1.0 billion a0for fiscal 2017 , when compared to the same period in the previous fiscal year .
while fiscal 2018 included a $ 387 million gain from the sale of suburbia , a $ 47 million gain from a land sale , higher recycling income from our sustainability efforts and higher membership income from increased plus member penetration at sam's club , these gains were less than gains recognized in fiscal 2017 .
fiscal 2017 included a $ 535 million gain from the sale of our yihaodian business and a $ 194 million gain from the sale of shopping malls in chile .
for fiscal 2018 , loss on extinguishment of debt was a0$ 3.1 billion , due to the early extinguishment of long-term debt which allowed us to retire higher rate debt to reduce interest expense in future periods .
our effective income tax rate was 30.4% ( 30.4 % ) for fiscal 2018 and 30.3% ( 30.3 % ) for both fiscal 2017 and 2016 .
although relatively consistent year-over-year , our effective income tax rate may fluctuate from period to period as a result of factors including changes in our assessment of certain tax contingencies , valuation allowances , changes in tax laws , outcomes of administrative audits , the impact of discrete items and the mix of earnings among our u.s .
operations and international operations .
the reconciliation from the u.s .
statutory rate to the effective income tax rates for fiscal 2018 , 2017 and 2016 is presented in note 9 in the "notes to consolidated financial statements" and describes the impact of the enactment of the tax cuts and jobs act of 2017 ( the "tax act" ) to the fiscal 2018 effective income tax rate .
as a result of the factors discussed above , we reported $ 10.5 billion and $ 14.3 billion of consolidated net income for fiscal 2018 and 2017 , respectively , which represents a decrease of $ 3.8 billion and $ 0.8 billion for fiscal 2018 and 2017 , respectively , when compared to the previous fiscal year .
diluted net income per common share attributable to walmart ( "eps" ) was $ 3.28 and $ 4.38 for fiscal 2018 and 2017 , respectively .
walmart u.s .
segment .
Table Data:
[['( amounts in millions except unit counts )', 'fiscal years ended january 31 , 2018', 'fiscal years ended january 31 , 2017', 'fiscal years ended january 31 , 2016'], ['net sales', '$ 318477', '$ 307833', '$ 298378'], ['percentage change from comparable period', '3.5% ( 3.5 % )', '3.2% ( 3.2 % )', '3.6% ( 3.6 % )'], ['calendar comparable sales increase', '2.1% ( 2.1 % )', '1.6% ( 1.6 % )', '1.0% ( 1.0 % )'], ['operating income', '$ 17869', '$ 17745', '$ 19087'], ['operating income as a percentage of net sales', '5.6% ( 5.6 % )', '5.8% ( 5.8 % )', '6.4% ( 6.4 % )'], ['unit counts at period end', '4761', '4672', '4574'], ['retail square feet at period end', '705', '699', '690']]
Following Text:
net sales for the walmart u.s .
segment increased $ 10.6 billion or 3.5% ( 3.5 % ) and $ 9.5 billion or 3.2% ( 3.2 % ) for fiscal 2018 and 2017 , respectively , when compared to the previous fiscal year .
the increases in net sales were primarily due to increases in comparable store sales of 2.1% ( 2.1 % ) and 1.6% ( 1.6 % ) for fiscal 2018 and 2017 , respectively , and year-over-year growth in retail square feet of 0.7% ( 0.7 % ) and 1.4% ( 1.4 % ) for fiscal 2018 and 2017 , respectively .
additionally , for fiscal 2018 , sales generated from ecommerce acquisitions further contributed to the year-over-year increase .
gross profit rate decreased 24 basis points for fiscal 2018 and increased 24 basis points for fiscal 2017 , when compared to the previous fiscal year .
for fiscal 2018 , the decrease was primarily due to strategic price investments and the mix impact from ecommerce .
partially offsetting the negative factors for fiscal 2018 was the positive impact of savings from procuring merchandise .
for fiscal 2017 , the increase in gross profit rate was primarily due to improved margin in food and consumables , including the impact of savings in procuring merchandise and lower transportation expense from lower fuel costs .
operating expenses as a percentage of segment net sales was relatively flat for fiscal 2018 and increased 101 basis points for fiscal 2017 , when compared to the previous fiscal year .
fiscal 2018 and fiscal 2017 included charges related to discontinued real estate projects of $ 244 million and $ 249 million , respectively .
for fiscal 2017 , the increase was primarily driven by an increase in wage expense due to the investment in the associate wage structure ; the charge related to discontinued real estate projects ; and investments in digital retail and technology .
the increase in operating expenses as a percentage of segment net sales for fiscal 2017 was partially offset by the impact of store closures in fiscal 2016 .
as a result of the factors discussed above , segment operating income increased $ 124 million for fiscal 2018 and decreased $ 1.3 billion for fiscal 2017 , respectively. .
Question: what is the growth rate in net sales for walmart u.s . segment from 2017 to 2018?
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3.5%
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Please answer the question based on all the information provided below:
Document: RSG/2014/page_128.pdf
ID: RSG/2014/page_128.pdf-1
Previous Text:
republic services , inc .
notes to consolidated financial statements 2014 ( continued ) we determine the discount rate used in the measurement of our obligations based on a model that matches the timing and amount of expected benefit payments to maturities of high quality bonds priced as of the pension plan measurement date .
when that timing does not correspond to a published high-quality bond rate , our model uses an expected yield curve to determine an appropriate current discount rate .
the yields on the bonds are used to derive a discount rate for the liability .
the term of our obligation , based on the expected retirement dates of our workforce , is approximately ten years .
in developing our expected rate of return assumption , we have evaluated the actual historical performance and long-term return projections of the plan assets , which give consideration to the asset mix and the anticipated timing of the pension plan outflows .
we employ a total return investment approach whereby a mix of equity and fixed income investments are used to maximize the long-term return of plan assets for what we consider a prudent level of risk .
the intent of this strategy is to minimize plan expenses by outperforming plan liabilities over the long run .
risk tolerance is established through careful consideration of plan liabilities , plan funded status and our financial condition .
the investment portfolio contains a diversified blend of equity and fixed income investments .
furthermore , equity investments are diversified across u.s .
and non-u.s .
stocks as well as growth , value , and small and large capitalizations .
derivatives may be used to gain market exposure in an efficient and timely manner ; however , derivatives may not be used to leverage the portfolio beyond the market value of the underlying investments .
investment risk is measured and monitored on an ongoing basis through annual liability measurements , periodic asset and liability studies , and quarterly investment portfolio reviews .
the following table summarizes our target asset allocation for 2014 and actual asset allocation as of december 31 , 2014 and 2013 for our defined benefit pension plan : target allocation actual allocation actual allocation .
Table Data:
[['', 'targetassetallocation', '2014actualassetallocation', '2013actualassetallocation'], ['debt securities', '70% ( 70 % )', '70% ( 70 % )', '70% ( 70 % )'], ['equity securities', '30', '30', '30'], ['total', '100% ( 100 % )', '100% ( 100 % )', '100% ( 100 % )']]
Following Text:
for 2015 , the investment strategy for pension plan assets is to maintain a broadly diversified portfolio designed to achieve our target of an average long-term rate of return of 6.35% ( 6.35 % ) .
while we believe we can achieve a long- term average return of 6.35% ( 6.35 % ) , we cannot be certain that the portfolio will perform to our expectations .
assets are strategically allocated among debt and equity portfolios to achieve a diversification level that reduces fluctuations in investment returns .
asset allocation target ranges and strategies are reviewed periodically with the assistance of an independent external consulting firm. .
Question: based on the 2014 actualassetallocation what was the debt to equity ratio
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2.3
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Please answer the question based on all the information provided below:
Document: ADI/2007/page_82.pdf
ID: ADI/2007/page_82.pdf-1
Previous Text:
stock option gains previously deferred by those participants pursuant to the terms of the deferred compensation plan and earnings on those deferred amounts .
as a result of certain provisions of the american jobs creation act , participants had the opportunity until december 31 , 2005 to elect to withdraw amounts previously deferred .
11 .
lease commitments the company leases certain of its facilities , equipment and software under various operating leases that expire at various dates through 2022 .
the lease agreements frequently include renewal and escalation clauses and require the company to pay taxes , insurance and maintenance costs .
total rental expense under operating leases was approximately $ 43 million in fiscal 2007 , $ 45 million in fiscal 2006 and $ 44 million in fiscal 2005 .
the following is a schedule of future minimum rental payments required under long-term operating leases at november 3 , 2007 : fiscal years operating leases .
Table Data:
[['fiscal years', 'operating leases'], ['2008', '$ 30774'], ['2009', '$ 25906'], ['2010', '$ 13267'], ['2011', '$ 5430'], ['2012', '$ 3842'], ['later years', '$ 12259'], ['total', '$ 91478']]
Following Text:
12 .
commitments and contingencies tentative settlement of the sec 2019s previously announced stock option investigation in the company 2019s 2004 form 10-k filing , the company disclosed that the securities and exchange com- mission ( sec ) had initiated an inquiry into its stock option granting practices , focusing on options that were granted shortly before the issuance of favorable financial results .
on november 15 , 2005 , the company announced that it had reached a tentative settlement with the sec .
at all times since receiving notice of this inquiry , the company has cooperated with the sec .
in november 2005 , the company and its president and ceo , mr .
jerald g .
fishman , made an offer of settlement to the staff of the sec .
the settlement has been submitted to the commission for approval .
there can be no assurance a final settlement will be so approved .
the sec 2019s inquiry focused on two separate issues .
the first issue concerned the company 2019s disclosure regarding grants of options to employees and directors prior to the release of favorable financial results .
specifically , the issue related to options granted to employees ( including officers ) of the company on november 30 , 1999 and to employees ( including officers ) and directors of the company on november 10 , 2000 .
the second issue concerned the grant dates for options granted to employees ( including officers ) in 1998 and 1999 , and the grant date for options granted to employees ( including officers ) and directors in 2001 .
specifically , the settlement would conclude that the appropriate grant date for the september 4 , 1998 options should have been september 8th ( which is one trading day later than the date that was used to price the options ) ; the appropriate grant date for the november 30 , 1999 options should have been november 29th ( which is one trading day earlier than the date that was used ) ; and the appropriate grant date for the july 18 , 2001 options should have been july 26th ( which is five trading days after the original date ) .
analog devices , inc .
notes to consolidated financial statements 2014 ( continued ) .
Question: what is the growth rate in rental expense under operating leases in 2007?
|
-4.4%
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Please answer the question based on all the information provided below:
Document: LKQ/2007/page_82.pdf
ID: LKQ/2007/page_82.pdf-1
Previous Text:
lkq corporation and subsidiaries notes to consolidated financial statements ( continued ) note 8 .
restructuring and integration costs ( continued ) levels and the closure of excess facilities .
to the extent these restructuring activities are associated with keystone operations , they are being accounted for in accordance with eitf issue no .
95-3 , 2018 2018recognition of liabilities in connection with a purchase business combination . 2019 2019 restructuring activities associated with our existing operations are being accounted for in accordance with sfas no .
146 , 2018 2018accounting for costs associated with exit or disposal activities . 2019 2019 in connection with the keystone restructuring activities , as part of the cost of the acquisition , we established reserves as detailed below .
in accordance with eitf issue no .
95-3 , we intend to finalize our restructuring plans no later than one year from the date of our acquisition of keystone .
upon finalization of restructuring plans or settlement of obligations for less than the expected amount , any excess reserves will be reversed with a corresponding decrease in goodwill .
accrued acquisition expenses are included in other accrued expenses in the accompanying consolidated balance sheets .
the changes in accrued acquisition expenses directly related to the keystone acquisition during 2007 are as follows ( in thousands ) : severance excess related costs facility costs other total .
Table Data:
[['', 'severance related costs', 'excess facility costs', 'other', 'total'], ['reserves established', '$ 11233', '$ 2823', '$ 488', '$ 14544'], ['payments', '-1727 ( 1727 )', '-85 ( 85 )', '-488 ( 488 )', '-2300 ( 2300 )'], ['balance at december 31 2007', '$ 9506', '$ 2738', '$ 2014', '$ 12244']]
Following Text:
restructuring and integration costs associated with our existing operations are included in restructuring expenses on the accompanying consolidated statements of income .
note 9 .
related party transactions we sublease a portion of our corporate office space to an entity owned by the son of one of our principal stockholders for a pro rata percentage of the rent that we are charged .
the total amounts received from this entity were approximately $ 54000 , $ 70000 and $ 49000 during the years ended december 31 , 2007 , 2006 and 2005 , respectively .
we also paid this entity approximately $ 0.4 million during 2007 for consulting fees incurred in connection with our new secured debt facility .
a corporation owned by our chairman of the board , who is also one of our principal stockholders , owns private aircraft that we use from time to time for business trips .
we reimburse this corporation for out-of-pocket and other related flight expenses , as well as for other direct expenses incurred .
the total amounts paid to this corporation were approximately $ 102000 , $ 6400 and $ 122000 during each of the years ended december 31 , 2007 , 2006 and 2005 , respectively .
in connection with the acquisitions of several businesses , we entered into agreements with several sellers of those businesses , who became stockholders as a result of those acquisitions , for the lease of certain properties used in our operations .
typical lease terms include an initial term of five years , with three five-year renewal options and purchase options at various times throughout the lease periods .
we also maintain the right of first refusal concerning the sale of the leased property .
lease payments to a principal stockholder who became an officer of the company after the acquisition of his business were approximately $ 0.8 million during each of the years ended december 31 , 2007 , 2006 and 2005 , respectively. .
Question: what was the average we sublease rental income from 2005 to 2007
|
57667
|
Please answer the question based on all the information provided below:
Document: HUM/2018/page_129.pdf
ID: HUM/2018/page_129.pdf-1
Previous Text:
humana inc .
notes to consolidated financial statements 2014 ( continued ) 15 .
stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2016 , 2017 , and 2018 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) .
Table Data:
[['paymentdate', 'amountper share', 'totalamount ( in millions )'], ['2016', '$ 1.16', '$ 172'], ['2017', '$ 1.49', '$ 216'], ['2018', '$ 1.90', '$ 262']]
Following Text:
on november 2 , 2018 , the board declared a cash dividend of $ 0.50 per share that was paid on january 25 , 2019 to stockholders of record on december 31 , 2018 , for an aggregate amount of $ 68 million .
declaration and payment of future quarterly dividends is at the discretion of our board and may be adjusted as business needs or market conditions change .
in february 2019 , the board declared a cash dividend of $ 0.55 per share payable on april 26 , 2019 to stockholders of record on march 29 , 2019 .
stock repurchases our board of directors may authorize the purchase of our common shares .
under our share repurchase authorization , shares may have been purchased from time to time at prevailing prices in the open market , by block purchases , through plans designed to comply with rule 10b5-1 under the securities exchange act of 1934 , as amended , or in privately-negotiated transactions ( including pursuant to accelerated share repurchase agreements with investment banks ) , subject to certain regulatory restrictions on volume , pricing , and timing .
on february 14 , 2017 , our board of directors authorized the repurchase of up to $ 2.25 billion of our common shares expiring on december 31 , 2017 , exclusive of shares repurchased in connection with employee stock plans .
on february 16 , 2017 , we entered into an accelerated share repurchase agreement , the february 2017 asr , with goldman , sachs & co .
llc , or goldman sachs , to repurchase $ 1.5 billion of our common stock as part of the $ 2.25 billion share repurchase authorized on february 14 , 2017 .
on february 22 , 2017 , we made a payment of $ 1.5 billion to goldman sachs from available cash on hand and received an initial delivery of 5.83 million shares of our common stock from goldman sachs based on the then current market price of humana common stock .
the payment to goldman sachs was recorded as a reduction to stockholders 2019 equity , consisting of a $ 1.2 billion increase in treasury stock , which reflected the value of the initial 5.83 million shares received upon initial settlement , and a $ 300 million decrease in capital in excess of par value , which reflected the value of stock held back by goldman sachs pending final settlement of the february 2017 asr .
upon settlement of the february 2017 asr on august 28 , 2017 , we received an additional 0.84 million shares as determined by the average daily volume weighted-average share price of our common stock during the term of the agreement of $ 224.81 , less a discount and subject to adjustments pursuant to the terms and conditions of the february 2017 asr , bringing the total shares received under this program to 6.67 million .
in addition , upon settlement we reclassified the $ 300 million value of stock initially held back by goldman sachs from capital in excess of par value to treasury stock .
subsequent to settlement of the february 2017 asr , we repurchased an additional 3.04 million shares in the open market , utilizing the remaining $ 750 million of the $ 2.25 billion authorization prior to expiration .
on december 14 , 2017 , our board of directors authorized the repurchase of up to $ 3.0 billion of our common shares expiring on december 31 , 2020 , exclusive of shares repurchased in connection with employee stock plans. .
Question: what was the amount of shares paid out in 2016 in millions
|
148
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Please answer the question based on all the information provided below:
Document: IPG/2014/page_47.pdf
ID: IPG/2014/page_47.pdf-2
Previous Text:
item 7a .
quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .
from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .
derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .
interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .
the majority of our debt ( approximately 91% ( 91 % ) and 86% ( 86 % ) as of december 31 , 2014 and 2013 , respectively ) bears interest at fixed rates .
we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .
the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .
increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
Table Data:
[['as of december 31,', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates'], ['2014', '$ -35.5 ( 35.5 )', '$ 36.6'], ['2013', '-26.9 ( 26.9 )', '27.9']]
Following Text:
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .
we do not have any interest rate swaps outstanding as of december 31 , 2014 .
we had $ 1667.2 of cash , cash equivalents and marketable securities as of december 31 , 2014 that we generally invest in conservative , short-term bank deposits or securities .
the interest income generated from these investments is subject to both domestic and foreign interest rate movements .
during 2014 and 2013 , we had interest income of $ 27.4 and $ 24.7 , respectively .
based on our 2014 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 16.7 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2014 levels .
foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .
since we report revenues and expenses in u.s .
dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .
dollars ) from foreign operations .
the primary foreign currencies that impacted our results during 2014 included the argentine peso , australian dollar , brazilian real and british pound sterling .
based on 2014 exchange rates and operating results , if the u.s .
dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2014 levels .
the functional currency of our foreign operations is generally their respective local currency .
assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .
the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .
our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .
however , certain subsidiaries may enter into transactions in currencies other than their functional currency .
assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .
currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .
we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. .
Question: assuming that all cash , cash equivalents and marketable securities are invested to generate the stated interest income in 2014 , what would be the average interest rate?
|
1.6%
|
Please answer the question based on all the information provided below:
Document: MRO/2009/page_32.pdf
ID: MRO/2009/page_32.pdf-1
Previous Text:
technical and research personnel and lab facilities , and significantly expanded the portfolio of patents available to us via license and through a cooperative development program .
in addition , we have acquired a 20 percent interest in grt , inc .
the gtftm technology is protected by an intellectual property protection program .
the u.s .
has granted 17 patents for the technology , with another 22 pending .
worldwide , there are over 300 patents issued or pending , covering over 100 countries including regional and direct foreign filings .
another innovative technology that we are developing focuses on reducing the processing and transportation costs of natural gas by artificially creating natural gas hydrates , which are more easily transportable than natural gas in its gaseous form .
much like lng , gas hydrates would then be regasified upon delivery to the receiving market .
we have an active pilot program in place to test and further develop a proprietary natural gas hydrates manufacturing system .
the above discussion of the integrated gas segment contains forward-looking statements with respect to the possible expansion of the lng production facility .
factors that could potentially affect the possible expansion of the lng production facility include partner and government approvals , access to sufficient natural gas volumes through exploration or commercial negotiations with other resource owners and access to sufficient regasification capacity .
the foregoing factors ( among others ) could cause actual results to differ materially from those set forth in the forward-looking statements .
refining , marketing and transportation we have refining , marketing and transportation operations concentrated primarily in the midwest , upper great plains , gulf coast and southeast regions of the u.s .
we rank as the fifth largest crude oil refiner in the u.s .
and the largest in the midwest .
our operations include a seven-plant refining network and an integrated terminal and transportation system which supplies wholesale and marathon-brand customers as well as our own retail operations .
our wholly-owned retail marketing subsidiary speedway superamerica llc ( 201cssa 201d ) is the third largest chain of company-owned and -operated retail gasoline and convenience stores in the u.s .
and the largest in the midwest .
refining we own and operate seven refineries with an aggregate refining capacity of 1.188 million barrels per day ( 201cmmbpd 201d ) of crude oil as of december 31 , 2009 .
during 2009 , our refineries processed 957 mbpd of crude oil and 196 mbpd of other charge and blend stocks .
the table below sets forth the location and daily crude oil refining capacity of each of our refineries as of december 31 , 2009 .
crude oil refining capacity ( thousands of barrels per day ) 2009 .
Table Data:
[['( thousands of barrels per day )', '2009'], ['garyville louisiana', '436'], ['catlettsburg kentucky', '212'], ['robinson illinois', '206'], ['detroit michigan', '106'], ['canton ohio', '78'], ['texas city texas', '76'], ['st . paul park minnesota', '74'], ['total', '1188']]
Following Text:
our refineries include crude oil atmospheric and vacuum distillation , fluid catalytic cracking , catalytic reforming , desulfurization and sulfur recovery units .
the refineries process a wide variety of crude oils and produce numerous refined products , ranging from transportation fuels , such as reformulated gasolines , blend- grade gasolines intended for blending with fuel ethanol and ultra-low sulfur diesel fuel , to heavy fuel oil and asphalt .
additionally , we manufacture aromatics , cumene , propane , propylene , sulfur and maleic anhydride .
our garyville , louisiana , refinery is located along the mississippi river in southeastern louisiana between new orleans and baton rouge .
the garyville refinery predominantly processes heavy sour crude oil into products .
Question: what percentage of crude oil refining capacity is located in garyville louisiana?
|
36.7%
|
Please answer the question based on all the information provided below:
Document: LMT/2014/page_93.pdf
ID: LMT/2014/page_93.pdf-2
Previous Text:
note 11 2013 stock-based compensation during 2014 , 2013 and 2012 , we recorded non-cash stock-based compensation expense totaling $ 164 million , $ 189 million and $ 167 million , which is included as a component of other unallocated , net on our statements of earnings .
the net impact to earnings for the respective years was $ 107 million , $ 122 million and $ 108 million .
as of december 31 , 2014 , we had $ 91 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.6 years .
we received cash from the exercise of stock options totaling $ 308 million , $ 827 million and $ 440 million during 2014 , 2013 and 2012 .
in addition , our income tax liabilities for 2014 , 2013 and 2012 were reduced by $ 215 million , $ 158 million , $ 96 million due to recognized tax benefits on stock-based compensation arrangements .
stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) or other stock units .
the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant .
no award of stock options may become fully vested prior to the third anniversary of the grant and no portion of a stock option grant may become vested in less than one year .
the minimum vesting period for restricted stock or stock units payable in stock is three years .
award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control or layoff .
the maximum term of a stock option or any other award is 10 years .
at december 31 , 2014 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 19 million shares reserved for issuance under the plans .
at december 31 , 2014 , 7.8 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans .
we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied .
the following table summarizes activity related to nonvested rsus during 2014 : number of rsus ( in thousands ) weighted average grant-date fair value per share .
Table Data:
[['', 'number of rsus ( in thousands )', 'weighted average grant-date fair value pershare'], ['nonvested at december 31 2011', '4302', '$ 78.25'], ['granted', '1987', '81.93'], ['vested', '-1299 ( 1299 )', '80.64'], ['forfeited', '-168 ( 168 )', '79.03'], ['nonvested at december 31 2012', '4822', '$ 79.10'], ['granted', '1356', '89.24'], ['vested', '-2093 ( 2093 )', '79.26'], ['forfeited', '-226 ( 226 )', '81.74'], ['nonvested at december 31 2013', '3859', '$ 82.42'], ['granted', '745', '146.85'], ['vested', '-2194 ( 2194 )', '87.66'], ['forfeited', '-84 ( 84 )', '91.11'], ['nonvested at december 31 2014', '2326', '$ 97.80']]
Following Text:
rsus are valued based on the fair value of our common stock on the date of grant .
employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period ; however , the shares are not issued and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award .
employees who are granted rsus receive dividend-equivalent cash payments only upon vesting .
for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments .
we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period. .
Question: what was the percentage change in non-cash stock-based compensation expense from 2013 to 2014?
|
-13%
|
Please answer the question based on all the information provided below:
Document: ADI/2019/page_77.pdf
ID: ADI/2019/page_77.pdf-2
Previous Text:
expected term 2014 the company uses historical employee exercise and option expiration data to estimate the expected term assumption for the black-scholes grant-date valuation .
the company believes that this historical data is currently the best estimate of the expected term of a new option , and that generally its employees exhibit similar exercise behavior .
risk-free interest rate 2014 the yield on zero-coupon u.s .
treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate .
expected dividend yield 2014 expected dividend yield is calculated by annualizing the cash dividend declared by the company 2019s board of directors for the current quarter and dividing that result by the closing stock price on the date of grant .
until such time as the company 2019s board of directors declares a cash dividend for an amount that is different from the current quarter 2019s cash dividend , the current dividend will be used in deriving this assumption .
cash dividends are not paid on options , restricted stock or restricted stock units .
in connection with the acquisition , the company granted restricted stock awards to replace outstanding restricted stock awards of linear employees .
these restricted stock awards entitle recipients to voting and nonforfeitable dividend rights from the date of grant .
stock-based compensation expensexp p the amount of stock-based compensation expense recognized during a period is based on the value of the awards that are ultimately expected to vest .
forfeitures are estimated at the time of grant and revised , if necessary , in subsequent periods if actual forfeitures differ from those estimates .
the term 201cforfeitures 201d is distinct from 201ccancellations 201d or 201cexpirations 201d and represents only the unvested portion of the surrendered stock-based award .
based on an analysis of its historical forfeitures , the company has applied an annual forfeitureff rate of 5.0% ( 5.0 % ) to all unvested stock-based awards as of november 2 , 2019 .
this analysis will be re-evaluated quarterly and the forfeiture rate will be adjusted as necessary .
ultimately , the actual expense recognized over the vesting period will only be for those awards that vest .
total stock-based compensation expense recognized is as follows: .
Table Data:
[['', '2019', '2018', '2017'], ['cost of sales', '$ 20628', '$ 18733', '$ 12569'], ['research and development', '75305', '81444', '51258'], ['selling marketing general and administrative', '51829', '50988', '40361'], ['special charges', '2538', '2014', '2014'], ['total stock-based compensation expense', '$ 150300', '$ 151165', '$ 104188']]
Following Text:
as of november 2 , 2019 and november 3 , 2018 , the company capitalized $ 6.8 million and $ 7.1 million , respectively , of stock-based compensation in inventory .
additional paid-in-capital ( apic ) pp poolp p ( ) the company adopted asu 2016-09 during fiscal 2018 .
asu 2016-09 eliminated the apic pool and requires that excess tax benefits and tax deficiencies be recorded in the income statement when awards are settled .
as a result of this adoption the company recorded total excess tax benefits of $ 28.7 million and $ 26.2 million in fiscal 2019 and fiscal 2018 , respectively , from its stock-based compensation payments within income tax expense in its consolidated statements of income .
for fiscal 2017 , the apic pool represented the excess tax benefits related to stock-based compensation that were available to absorb future tax deficiencies .
if the amount of future tax deficiencies was greater than the available apic pool , the company recorded the excess as income tax expense in its consolidated statements of income .
for fiscal 2017 , the company had a sufficient apic pool to cover any tax deficiencies recorded and as a result , these deficiencies did not affect its results of operations .
analog devices , inc .
notes to consolidated financial statements 2014 ( continued ) .
Question: what is the growth rate in the r&d in 2019?
|
-7.5%
|
Please answer the question based on all the information provided below:
Document: BLL/2010/page_58.pdf
ID: BLL/2010/page_58.pdf-1
Previous Text:
page 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 Data:
[['cash', '$ 69.3'], ['current assets', '84.7'], ['property plant and equipment', '265.9'], ['goodwill', '100.2'], ['intangible asset', '52.8'], ['current liabilities', '-53.2 ( 53.2 )'], ['long-term liabilities', '-174.1 ( 174.1 )'], ['net assets acquired', '$ 345.6'], ['noncontrolling interests', '$ -132.9 ( 132.9 )']]
Following Text:
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. .
Question: what percentage of net assets acquired was goodwill?
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29%
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Please answer the question based on all the information provided below:
Document: UNP/2013/page_30.pdf
ID: UNP/2013/page_30.pdf-1
Previous Text:
supplies .
expenses for purchased services increased 10% ( 10 % ) compared to 2012 due to logistics management fees , an increase in locomotive overhauls and repairs on jointly owned property .
expenses for contract services increased $ 103 million in 2012 versus 2011 , primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars .
depreciation 2013 the majority of depreciation relates to road property , including rail , ties , ballast , and other track material .
depreciation was up 1% ( 1 % ) compared to 2012 .
recent depreciation studies allowed us to use longer estimated service lives for certain equipment , which partially offset the impact of a higher depreciable asset base resulting from larger capital spending in recent years .
a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2012 compared to 2011 .
equipment and other rents 2013 equipment and other rents expense primarily includes rental expense that the railroad pays for freight cars owned by other railroads or private companies ; freight car , intermodal , and locomotive leases ; and office and other rent expenses .
additional container costs resulting from the logistics management arrangement , and increased automotive shipments , partially offset by lower cycle times drove a $ 51 million increase in our short-term freight car rental expense versus 2012 .
conversely , lower locomotive and freight car lease expenses partially offset the higher freight car rental expense .
increased automotive and intermodal shipments , partially offset by improved car-cycle times , drove an increase in our short-term freight car rental expense in 2012 compared to 2011 .
conversely , lower locomotive lease expense partially offset the higher freight car rental expense .
other 2013 other expenses include state and local taxes , freight , equipment and property damage , utilities , insurance , personal injury , environmental , employee travel , telephone and cellular , computer software , bad debt , and other general expenses .
higher property taxes and costs associated with damaged freight and property increased other costs in 2013 compared to 2012 .
continued improvement in our safety performance and lower estimated liability for personal injury , which reduced our personal injury expense year-over-year , partially offset increases in other costs .
other costs in 2012 were slightly higher than 2011 primarily due to higher property taxes .
despite continual improvement in our safety experience and lower estimated annual costs , personal injury expense increased in 2012 compared to 2011 , as the liability reduction resulting from historical claim experience was less than the reduction in 2011 .
non-operating items millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 .
Table Data:
[['millions', '2013', '2012', '2011', '% ( % ) change 2013 v 2012', '% ( % ) change 2012 v 2011'], ['other income', '$ 128', '$ 108', '$ 112', '19 % ( % )', '( 4 ) % ( % )'], ['interest expense', '-526 ( 526 )', '-535 ( 535 )', '-572 ( 572 )', '-2 ( 2 )', '-6 ( 6 )'], ['income taxes', '-2660 ( 2660 )', '-2375 ( 2375 )', '-1972 ( 1972 )', '12 % ( % )', '20 % ( % )']]
Following Text:
other income 2013 other income increased in 2013 versus 2012 due to higher gains from real estate sales and increased lease income , including the favorable impact from the $ 17 million settlement of a land lease contract .
these increases were partially offset by interest received from a tax refund in 2012 .
other income decreased in 2012 versus 2011 due to lower gains from real estate sales and higher environmental costs associated with non-operating properties , partially offset by interest received from a tax refund .
interest expense 2013 interest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% ( 5.7 % ) in 2013 versus 6.0% ( 6.0 % ) in 2012 .
the increase in the weighted-average debt level to $ 9.6 billion in 2013 from $ 9.1 billion in 2012 partially offset the impact of the lower effective interest rate .
interest expense decreased in 2012 versus 2011 reflecting a lower effective interest rate in 2012 of 6.0% ( 6.0 % ) versus 6.2% ( 6.2 % ) in 2011 as the debt level did not materially change from 2011 to 2012. .
Question: what was the average other income from 2011 to 2013
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116
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Please answer the question based on all the information provided below:
Document: CDNS/2018/page_82.pdf
ID: CDNS/2018/page_82.pdf-4
Previous Text:
note 8 .
acquisitions during fiscal 2017 , cadence completed two business combinations for total cash consideration of $ 142.8 million , after taking into account cash acquired of $ 4.2 million .
the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates .
cadence recorded a total of $ 76.4 million of acquired intangible assets ( of which $ 71.5 million represents in-process technology ) , $ 90.2 million of goodwill and $ 19.6 million of net liabilities consisting primarily of deferred tax liabilities .
cadence will also make payments to certain employees , subject to continued employment and other performance-based conditions , through the fourth quarter of fiscal 2020 .
during fiscal 2016 , cadence completed two business combinations for total cash consideration of $ 42.4 million , after taking into account cash acquired of $ 1.8 million .
the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates .
cadence recorded a total of $ 23.6 million of goodwill , $ 23.2 million of acquired intangible assets and $ 2.6 million of net liabilities consisting primarily of deferred revenue .
cadence will also make payments to certain employees , subject to continued employment and other conditions , through the second quarter of fiscal a trust for the benefit of the children of lip-bu tan , cadence 2019s chief executive officer ( 201cceo 201d ) and director , owned less than 3% ( 3 % ) of nusemi inc , one of the companies acquired in 2017 , and less than 2% ( 2 % ) of rocketick technologies ltd. , one of the companies acquired in 2016 .
mr .
tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust .
the board of directors of cadence reviewed the transactions and concluded that it was in the best interests of cadence to proceed with the transactions .
mr .
tan recused himself from the board of directors 2019 discussion of the valuation of nusemi inc and rocketick technologies ltd .
and on whether to proceed with the transactions .
acquisition-related transaction costs there were no direct transaction costs associated with acquisitions during fiscal 2018 .
transaction costs associated with acquisitions were $ 0.6 million and $ 1.1 million during fiscal 2017 and 2016 , respectively .
these costs consist of professional fees and administrative costs and were expensed as incurred in cadence 2019s consolidated income statements .
note 9 .
goodwill and acquired intangibles goodwill the changes in the carrying amount of goodwill during fiscal 2018 and 2017 were as follows : gross carrying amount ( in thousands ) .
Table Data:
[['', 'gross carryingamount ( in thousands )'], ['balance as of december 31 2016', '$ 572764'], ['goodwill resulting from acquisitions', '90218'], ['effect of foreign currency translation', '3027'], ['balance as of december 30 2017', '666009'], ['effect of foreign currency translation', '-3737 ( 3737 )'], ['balance as of december 29 2018', '$ 662272']]
Following Text:
cadence completed its annual goodwill impairment test during the third quarter of fiscal 2018 and determined that the fair value of cadence 2019s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed. .
Question: what is the percentage increase in the balance of goodwill from 2016 to 2017?
|
16.3%
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Please answer the question based on all the information provided below:
Document: OKE/2007/page_51.pdf
ID: OKE/2007/page_51.pdf-1
Previous Text:
impairment of long-lived assets , goodwill and intangible assets - we assess our long-lived assets for impairment based on statement 144 , 201caccounting for the impairment or disposal of long-lived assets . 201d a long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying amount may exceed its fair value .
fair values are based on the sum of the undiscounted future cash flows expected to result from the use and eventual disposition of the assets .
we assess our goodwill and intangible assets for impairment at least annually based on statement 142 , 201cgoodwill and other intangible assets . 201d there were no impairment charges resulting from the july 1 , 2007 , impairment tests and no events indicating an impairment have occurred subsequent to that date .
an initial assessment is made by comparing the fair value of the operations with goodwill , as determined in accordance with statement 142 , to the book value of each reporting unit .
if the fair value is less than the book value , an impairment is indicated , and we must perform a second test to measure the amount of the impairment .
in the second test , we calculate the implied fair value of the goodwill by deducting the fair value of all tangible and intangible net assets of the operations with goodwill from the fair value determined in step one of the assessment .
if the carrying value of the goodwill exceeds this calculated implied fair value of the goodwill , we will record an impairment charge .
at december 31 , 2007 , we had $ 600.7 million of goodwill recorded on our consolidated balance sheet as shown below. .
Table Data:
[['', '( thousands of dollars )'], ['oneok partners', '$ 431418'], ['distribution', '157953'], ['energy services', '10255'], ['other', '1099'], ['total goodwill', '$ 600725']]
Following Text:
( thousands of dollars ) intangible assets with a finite useful life are amortized over their estimated useful life , while intangible assets with an indefinite useful life are not amortized .
all intangible assets are subject to impairment testing .
our oneok partners segment had $ 443.0 million of intangible assets recorded on our consolidated balance sheet as of december 31 , 2007 , of which $ 287.5 million is being amortized over an aggregate weighted-average period of 40 years , while the remaining balance has an indefinite life .
during 2006 , we recorded a goodwill and asset impairment related to oneok partners 2019 black mesa pipeline of $ 8.4 million and $ 3.6 million , respectively , which were recorded as depreciation and amortization .
the reduction to our net income , net of minority interests and income taxes , was $ 3.0 million .
in the third quarter of 2005 , we made the decision to sell our spring creek power plant , located in oklahoma , and exit the power generation business .
in october 2005 , we concluded that our spring creek power plant had been impaired and recorded an impairment expense of $ 52.2 million .
this conclusion was based on our statement 144 impairment analysis of the results of operations for this plant through september 30 , 2005 , and also the net sales proceeds from the anticipated sale of the plant .
the sale was completed on october 31 , 2006 .
this component of our business is accounted for as discontinued operations in accordance with statement 144 .
see 201cdiscontinued operations 201d on page 46 for additional information .
our total unamortized excess cost over underlying fair value of net assets accounted for under the equity method was $ 185.6 million as of december 31 , 2007 and 2006 .
based on statement 142 , this amount , referred to as equity method goodwill , should continue to be recognized in accordance with apb opinion no .
18 , 201cthe equity method of accounting for investments in common stock . 201d accordingly , we included this amount in investment in unconsolidated affiliates on our accompanying consolidated balance sheets .
pension and postretirement employee benefits - we have defined benefit retirement plans covering certain full-time employees .
we sponsor welfare plans that provide postretirement medical and life insurance benefits to certain employees who retire with at least five years of service .
our actuarial consultant calculates the expense and liability related to these plans and uses statistical and other factors that attempt to anticipate future events .
these factors include assumptions about the discount rate , expected return on plan assets , rate of future compensation increases , age and employment periods .
in determining the projected benefit obligations and costs , assumptions can change from period to period and result in material changes in the costs and liabilities we recognize .
see note j of the notes to consolidated financial statements in this annual report on form 10-k for additional information. .
Question: what percentage of total goodwill does oneok partners represent at december 31 , 2007?
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72%
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Please answer the question based on all the information provided below:
Document: JKHY/2016/page_61.pdf
ID: JKHY/2016/page_61.pdf-2
Previous Text:
58 2016 annual report note 12 .
business acquisition bayside business solutions , inc .
effective july 1 , 2015 , the company acquired all of the equity interests of bayside business solutions , an alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry , for $ 10000 paid in cash .
this acquisition was funded using existing operating cash .
the acquisition of bayside business solutions expanded the company 2019s presence in commercial lending within the industry .
management has completed a purchase price allocation of bayside business solutions and its assessment of the fair value of acquired assets and liabilities assumed .
the recognized amounts of identifiable assets acquired and liabilities assumed , based upon their fair values as of july 1 , 2015 are set forth below: .
Table Data:
[['current assets', '$ 1922'], ['long-term assets', '253'], ['identifiable intangible assets', '5005'], ['total liabilities assumed', '-3279 ( 3279 )'], ['total identifiable net assets', '3901'], ['goodwill', '6099'], ['net assets acquired', '$ 10000']]
Following Text:
the goodwill of $ 6099 arising from this acquisition consists largely of the growth potential , synergies and economies of scale expected from combining the operations of the company with those of bayside business solutions , together with the value of bayside business solutions 2019 assembled workforce .
goodwill from this acquisition has been allocated to our banking systems and services segment .
the goodwill is not expected to be deductible for income tax purposes .
identifiable intangible assets from this acquisition consist of customer relationships of $ 3402 , $ 659 of computer software and other intangible assets of $ 944 .
the weighted average amortization period for acquired customer relationships , acquired computer software , and other intangible assets is 15 years , 5 years , and 20 years , respectively .
current assets were inclusive of cash acquired of $ 1725 .
the fair value of current assets acquired included accounts receivable of $ 178 .
the gross amount of receivables was $ 178 , none of which was expected to be uncollectible .
during fiscal year 2016 , the company incurred $ 55 in costs related to the acquisition of bayside business solutions .
these costs included fees for legal , valuation and other fees .
these costs were included within general and administrative expenses .
the results of bayside business solutions 2019 operations included in the company 2019s consolidated statement of income for the twelve months ended june 30 , 2016 included revenue of $ 4273 and after-tax net income of $ 303 .
the accompanying consolidated statements of income for the fiscal year ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .
the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided .
banno , llc effective march 1 , 2014 , the company acquired all of the equity interests of banno , an iowa-based company that provides web and transaction marketing services with a focus on the mobile medium , for $ 27910 paid in cash .
this acquisition was funded using existing operating cash .
the acquisition of banno expanded the company 2019s presence in online and mobile technologies within the industry .
during fiscal year 2014 , the company incurred $ 30 in costs related to the acquisition of banno .
these costs included fees for legal , valuation and other fees .
these costs were included within general and administrative expenses .
the results of banno's operations included in the company's consolidated statements of income for the year ended june 30 , 2016 included revenue of $ 6393 and after-tax net loss of $ 1289 .
for the year ended june 30 , 2015 , our consolidated statements of income included revenue of $ 4175 and after-tax net loss of $ 1784 attributable to banno .
the results of banno 2019s operations included in the company 2019s consolidated statement of operations from the acquisition date to june 30 , 2014 included revenue of $ 848 and after-tax net loss of $ 1121 .
the accompanying consolidated statements of income for the twelve month period ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .
the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided. .
Question: were current assets acquired greater than long-term assets?
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yes
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Please answer the question based on all the information provided below:
Document: UNP/2008/page_83.pdf
ID: UNP/2008/page_83.pdf-4
Previous Text:
14 .
leases we lease certain locomotives , freight cars , and other property .
the consolidated statement of financial position as of december 31 , 2008 and 2007 included $ 2024 million , net of $ 869 million of amortization , and $ 2062 million , net of $ 887 million of amortization , respectively , for properties held under capital leases .
a charge to income resulting from the amortization for assets held under capital leases is included within depreciation expense in our consolidated statements of income .
future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2008 were as follows : millions of dollars operating leases capital leases .
Table Data:
[['millions of dollars', 'operatingleases', 'capitalleases'], ['2009', '$ 657', '$ 188'], ['2010', '614', '168'], ['2011', '580', '178'], ['2012', '465', '122'], ['2013', '389', '152'], ['later years', '3204', '1090'], ['total minimum lease payments', '$ 5909', '$ 1898'], ['amount representing interest', 'n/a', '628'], ['present value of minimum lease payments', 'n/a', '$ 1270']]
Following Text:
the majority of capital lease payments relate to locomotives .
rent expense for operating leases with terms exceeding one month was $ 747 million in 2008 , $ 810 million in 2007 , and $ 798 million in 2006 .
when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .
contingent rentals and sub-rentals are not significant .
15 .
commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .
we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .
we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .
personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .
we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims .
the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .
under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .
we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at our personal injury liability is discounted to present value using applicable u.s .
treasury rates .
approximately 88% ( 88 % ) of the recorded liability related to asserted claims , and approximately 12% ( 12 % ) related to unasserted claims at december 31 , 2008 .
because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from .
Question: what percentage of total minimum lease payments are operating leases?
|
76%
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Please answer the question based on all the information provided below:
Document: WRK/2018/page_53.pdf
ID: WRK/2018/page_53.pdf-2
Previous Text:
compared 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 Data:
[['( in millions )', 'year ended september 30 , 2018', 'year ended september 30 , 2017', 'year ended september 30 , 2016'], ['net cash provided by operating activities', '$ 2420.9', '$ 1900.5', '$ 1688.4'], ['net cash used for investing activities', '$ -1298.9 ( 1298.9 )', '$ -1285.8 ( 1285.8 )', '$ -1351.4 ( 1351.4 )'], ['net cash used for financing activities', '$ -755.1 ( 755.1 )', '$ -655.4 ( 655.4 )', '$ -231.0 ( 231.0 )']]
Following Text:
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 .
Question: as of september 30 , 2018 , what was the percent of the total debt that was current .
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11.55%
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Please answer the question based on all the information provided below:
Document: MKTX/2014/page_39.pdf
ID: MKTX/2014/page_39.pdf-3
Previous Text:
part ii item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .
price range our common stock trades on the nasdaq global select market under the symbol 201cmktx 201d .
the range of closing price information for our common stock , as reported by nasdaq , was as follows : on february 20 , 2015 , the last reported closing price of our common stock on the nasdaq global select market was $ 78.97 .
holders there were 28 holders of record of our common stock as of february 20 , 2015 .
dividend policy during 2014 , 2013 and 2012 , we paid quarterly cash dividends of $ 0.16 per share , $ 0.13 per share and $ 0.11 per share , respectively .
on december 27 , 2012 , we paid a special cash dividend of $ 1.30 per share .
in january 2015 , our board of directors approved a quarterly cash dividend of $ 0.20 per share payable on february 26 , 2015 to stockholders of record as of the close of business on february 12 , 2015 .
any future declaration and payment of dividends will be at the sole discretion of our board of directors .
the board of directors may take into account such matters as general business conditions , our financial results , capital requirements , contractual obligations , legal and regulatory restrictions on the payment of dividends to our stockholders or by our subsidiaries to their respective parent entities , and such other factors as the board of directors may deem relevant .
recent sales of unregistered securities securities authorized for issuance under equity compensation plans please see the section entitled 201cequity compensation plan information 201d in item 12. .
Table Data:
[['2014:', 'high', 'low'], ['january 1 2014 to march 31 2014', '$ 67.16', '$ 57.99'], ['april 1 2014 to june 30 2014', '$ 59.65', '$ 50.30'], ['july 1 2014 to september 30 2014', '$ 62.05', '$ 47.50'], ['october 1 2014 to december 31 2014', '$ 73.25', '$ 61.15'], ['2013:', 'high', 'low'], ['january 1 2013 to march 31 2013', '$ 41.85', '$ 34.79'], ['april 1 2013 to june 30 2013', '$ 47.80', '$ 37.09'], ['july 1 2013 to september 30 2013', '$ 61.47', '$ 47.59'], ['october 1 2013 to december 31 2013', '$ 70.60', '$ 61.34']]
Following Text:
.
Question: between july 1 2014 to september 30 2014 what was the spread between the high and low price per share?
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14.55
|
Please answer the question based on all the information provided below:
Document: HFC/2017/page_103.pdf
ID: HFC/2017/page_103.pdf-4
Previous Text:
hollyfrontier corporation notes to consolidated financial statements continued .
Table Data:
[['', '( in thousands )'], ['2018', '$ 148716'], ['2019', '132547'], ['2020', '119639'], ['2021', '107400'], ['2022', '102884'], ['thereafter', '857454'], ['total', '$ 1468640']]
Following Text:
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. .
Question: what was the average storage costs from 2015 to 2017 in millions
|
137.8
|
Please answer the question based on all the information provided below:
Document: GS/2012/page_83.pdf
ID: GS/2012/page_83.pdf-3
Previous Text:
management 2019s discussion and analysis liquidity risk management liquidity is of critical importance to financial institutions .
most of the recent failures of financial institutions have occurred in large part due to insufficient liquidity .
accordingly , the firm has in place a comprehensive and conservative set of liquidity and funding policies to address both firm-specific and broader industry or market liquidity events .
our principal objective is to be able to fund the firm and to enable our core businesses to continue to serve clients and generate revenues , even under adverse circumstances .
we manage liquidity risk according to the following principles : excess liquidity .
we maintain substantial excess liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment .
asset-liability management .
we assess anticipated holding periods for our assets and their expected liquidity in a stressed environment .
we manage the maturities and diversity of our funding across markets , products and counterparties , and seek to maintain liabilities of appropriate tenor relative to our asset base .
contingency funding plan .
we maintain a contingency funding plan to provide a framework for analyzing and responding to a liquidity crisis situation or periods of market stress .
this framework sets forth the plan of action to fund normal business activity in emergency and stress situations .
these principles are discussed in more detail below .
excess liquidity our most important liquidity policy is to pre-fund our estimated potential cash and collateral needs during a liquidity crisis and hold this excess liquidity in the form of unencumbered , highly liquid securities and cash .
we believe that the securities held in our global core excess would be readily convertible to cash in a matter of days , through liquidation , by entering into repurchase agreements or from maturities of reverse repurchase agreements , and that this cash would allow us to meet immediate obligations without needing to sell other assets or depend on additional funding from credit-sensitive markets .
as of december 2012 and december 2011 , the fair value of the securities and certain overnight cash deposits included in our gce totaled $ 174.62 billion and $ 171.58 billion , respectively .
based on the results of our internal liquidity risk model , discussed below , as well as our consideration of other factors including , but not limited to , a qualitative assessment of the condition of the financial markets and the firm , we believe our liquidity position as of december 2012 was appropriate .
the table below presents the fair value of the securities and certain overnight cash deposits that are included in our gce .
average for the year ended december in millions 2012 2011 .
Table Data:
[['in millions', 'average for theyear ended december 2012', 'average for theyear ended december 2011'], ['u.s . dollar-denominated', '$ 125111', '$ 125668'], ['non-u.s . dollar-denominated', '46984', '40291'], ['total', '$ 172095', '$ 165959']]
Following Text:
the u.s .
dollar-denominated excess is composed of ( i ) unencumbered u.s .
government and federal agency obligations ( including highly liquid u.s .
federal agency mortgage-backed obligations ) , all of which are eligible as collateral in federal reserve open market operations and ( ii ) certain overnight u.s .
dollar cash deposits .
the non-u.s .
dollar-denominated excess is composed of only unencumbered german , french , japanese and united kingdom government obligations and certain overnight cash deposits in highly liquid currencies .
we strictly limit our excess liquidity to this narrowly defined list of securities and cash because they are highly liquid , even in a difficult funding environment .
we do not include other potential sources of excess liquidity , such as less liquid unencumbered securities or committed credit facilities , in our gce .
goldman sachs 2012 annual report 81 .
Question: what was the change as of december 2012 and december 2011 in the fair value of the securities and certain overnight cash deposits in billions?
|
3.04
|
Please answer the question based on all the information provided below:
Document: AES/2016/page_98.pdf
ID: AES/2016/page_98.pdf-3
Previous Text:
the 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 Data:
[['years ended december 31,', '2016', '2015', '2014'], ['aes corporation', '$ -50 ( 50 )', '$ -31 ( 31 )', '$ -34 ( 34 )'], ['chile', '-9 ( 9 )', '-18 ( 18 )', '-30 ( 30 )'], ['colombia', '-8 ( 8 )', '29', '17'], ['mexico', '-8 ( 8 )', '-6 ( 6 )', '-14 ( 14 )'], ['philippines', '12', '8', '11'], ['united kingdom', '13', '11', '12'], ['argentina', '37', '124', '66'], ['other', '-2 ( 2 )', '-10 ( 10 )', '-17 ( 17 )'], ['total ( 1 )', '$ -15 ( 15 )', '$ 107', '$ 11']]
Following Text:
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 .
Question: what was the maximum argentina foreign currency gains in millions fofr the three year period?
|
124
|
Please answer the question based on all the information provided below:
Document: CAG/2007/page_41.pdf
ID: CAG/2007/page_41.pdf-2
Previous Text:
years 2002 , 2003 , 2004 , and the first two quarters of fiscal 2005 .
the restatement related to tax matters .
the company provided information to the sec staff relating to the facts and circumstances surrounding the restatement .
on july 28 , 2006 , the company filed an amendment to its annual report on form 10-k for the fiscal year ended may 29 , 2005 .
the filing amended item 6 .
selected financial data and exhibit 12 , computation of ratios of earnings to fixed charges , for fiscal year 2001 , and certain restated financial information for fiscal years 1999 and 2000 , all related to the application of certain of the company 2019s reserves for the three years and fiscal year 1999 income tax expense .
the company provided information to the sec staff relating to the facts and circumstances surrounding the amended filing .
the company reached an agreement with the sec staff concerning matters associated with these amended filings .
that proposed settlement was approved by the securities and exchange commission on july 17 , 2007 .
on july 24 , 2007 , the sec filed its complaint against the company in the united states district court for the district of colorado , followed by an executed consent , which without the company admitting or denying the allegations of the complaint , reflects the terms of the settlement , including payment by the company of a civil penalty of $ 45 million and the company 2019s agreement to be permanently enjoined from violating certain provisions of the federal securities laws .
additionally , the company made approximately $ 2 million in indemnity payments on behalf of former employees concluding separate settlements with the sec .
the company recorded charges of $ 25 million in fiscal 2004 , $ 21.5 million in the third quarter of fiscal 2005 , and $ 1.2 million in the first quarter of fiscal 2007 in connection with the expected settlement of these matters .
three purported class actions were filed in united states district court for nebraska , rantala v .
conagra foods , inc. , et .
al. , case no .
805cv349 , and bright v .
conagra foods , inc. , et .
al. , case no .
805cv348 on july 18 , 2005 , and boyd v .
conagra foods , inc. , et .
al. , case no .
805cv386 on august 8 , 2005 .
the lawsuits are against the company , its directors and its employee benefits committee on behalf of participants in the company 2019s employee retirement income savings plans .
the lawsuits allege violations of the employee retirement income security act ( erisa ) in connection with the events resulting in the company 2019s april 2005 restatement of its financial statements and related matters .
the company has reached a settlement with the plaintiffs in these actions subject to court approval .
the settlement includes a $ 4 million payment , most of which will be paid by an insurer .
the company has also agreed to make certain prospective changes to its benefit plans as part of the settlement .
2006 vs .
2005 net sales ( $ in millions ) reporting segment fiscal 2006 net sales fiscal 2005 net sales % ( % ) increase/ ( decrease ) .
Table Data:
[['reporting segment', 'fiscal 2006 net sales', 'fiscal 2005 net sales', '% ( % ) increase/ ( decrease )'], ['consumer foods', '$ 6504', '$ 6598', '( 1 ) % ( % )'], ['food and ingredients', '3189', '2986', '7% ( 7 % )'], ['trading and merchandising', '1186', '1224', '( 3 ) % ( % )'], ['international foods', '603', '576', '5% ( 5 % )'], ['total', '$ 11482', '$ 11384', '1% ( 1 % )']]
Following Text:
overall , company net sales increased $ 98 million to $ 11.5 billion in fiscal 2006 , primarily reflecting favorable results in the food and ingredients and international foods segments .
price increases driven by higher input costs for potatoes , wheat milling and dehydrated vegetables within the food and ingredients segment , coupled with the strength of foreign currencies within the international foods segment enhanced net sales .
these increases were partially offset by volume declines in the consumer foods segment , principally related to certain shelf stable brands and declines in the trading and merchandising segment related to decreased volumes and certain divestitures and closures. .
Question: what percentage of total net sales where comprised of food and ingredients in 2006?
|
28%
|
Please answer the question based on all the information provided below:
Document: AAPL/2007/page_70.pdf
ID: AAPL/2007/page_70.pdf-2
Previous Text:
notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners .
one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 .
the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
Table Data:
[['', 'september 29 2007', 'september 30 2006', 'september 24 2005'], ['beginning allowance balance', '$ 52', '$ 46', '$ 47'], ['charged to costs and expenses', '12', '17', '8'], ['deductions', '-17 ( 17 )', '-11 ( 11 )', '-9 ( 9 )'], ['ending allowance balance', '$ 47', '$ 52', '$ 46']]
Following Text:
vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company .
the company purchases these raw material components directly from suppliers .
these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively .
the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales .
derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk .
foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales .
the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments .
the company records all derivatives on the balance sheet at fair value. .
Question: what was the change in non-trade receivables , included in other current assets , between september 29 , 2007 and september 30 , 2006 , in billions?
|
0.8
|
Please answer the question based on all the information provided below:
Document: ETR/2011/page_216.pdf
ID: ETR/2011/page_216.pdf-3
Previous Text:
part i item 1 entergy corporation , utility operating companies , and system energy entergy new orleans provides electric and gas service in the city of new orleans pursuant to indeterminate permits set forth in city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) .
these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans 2019s electric and gas utility properties .
entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 27 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 68 incorporated municipalities .
entergy texas was typically granted 50-year franchises , but recently has been receiving 25-year franchises .
entergy texas 2019s electric franchises expire during 2013-2058 .
the business of system energy is limited to wholesale power sales .
it has no distribution franchises .
property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2011 , is indicated below: .
Table Data:
[['company', 'owned and leased capability mw ( 1 ) total', 'owned and leased capability mw ( 1 ) gas/oil', 'owned and leased capability mw ( 1 ) nuclear', 'owned and leased capability mw ( 1 ) coal', 'owned and leased capability mw ( 1 ) hydro'], ['entergy arkansas', '4774', '1668', '1823', '1209', '74'], ['entergy gulf states louisiana', '3317', '1980', '974', '363', '-'], ['entergy louisiana', '5424', '4265', '1159', '-', '-'], ['entergy mississippi', '3229', '2809', '-', '420', '-'], ['entergy new orleans', '764', '764', '-', '-', '-'], ['entergy texas', '2538', '2269', '-', '269', '-'], ['system energy', '1071', '-', '1071', '-', '-'], ['total', '21117', '13755', '5027', '2261', '74']]
Following Text:
( 1 ) 201cowned and leased capability 201d is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize .
the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections .
these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy .
summer peak load in the entergy system service territory has averaged 21246 mw from 2002-2011 .
in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands .
in this time period the entergy system met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market .
in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing requests for proposals ( rfp ) to procure supply-side resources from sources other than the spot market to meet the unique regional needs of the utility operating companies .
the entergy system has adopted a long-term resource strategy that calls for the bulk of capacity needs to be met through long-term resources , whether owned or contracted .
entergy refers to this strategy as the "portfolio transformation strategy" .
over the past nine years , portfolio transformation has resulted in the addition of about 4500 mw of new long-term resources .
these figures do not include transactions currently pending as a result of the summer 2009 rfp .
when the summer 2009 rfp transactions are included in the entergy system portfolio of long-term resources and adjusting for unit deactivations of older generation , the entergy system is approximately 500 mw short of its projected 2012 peak load plus reserve margin .
this remaining need is expected to be met through a nuclear uprate at grand gulf and limited-term resources .
the entergy system will continue to access the spot power market to economically .
Question: what portion of the total capabilities is generated from nuclear station for entergy as a whole?
|
23.8%
|
Please answer the question based on all the information provided below:
Document: BLL/2006/page_89.pdf
ID: BLL/2006/page_89.pdf-1
Previous Text:
page 73 of 98 notes to consolidated financial statements ball corporation and subsidiaries 15 .
shareholders 2019 equity at december 31 , 2006 , the company had 550 million shares of common stock and 15 million shares of preferred stock authorized , both without par value .
preferred stock includes 120000 authorized but unissued shares designated as series a junior participating preferred stock .
under the company 2019s shareholder rights agreement dated july 26 , 2006 , one preferred stock purchase right ( right ) is attached to each outstanding share of ball corporation common stock .
subject to adjustment , each right entitles the registered holder to purchase from the company one one-thousandth of a share of series a junior participating preferred stock at an exercise price of $ 185 per right .
if a person or group acquires 10 percent or more of the company 2019s outstanding common stock ( or upon occurrence of certain other events ) , the rights ( other than those held by the acquiring person ) become exercisable and generally entitle the holder to purchase shares of ball corporation common stock at a 50 percent discount .
the rights , which expire in 2016 , are redeemable by the company at a redemption price of $ 0.001 per right and trade with the common stock .
exercise of such rights would cause substantial dilution to a person or group attempting to acquire control of the company without the approval of ball 2019s board of directors .
the rights would not interfere with any merger or other business combinations approved by the board of directors .
the company reduced its share repurchase program in 2006 to $ 45.7 million , net of issuances , compared to $ 358.1 million net repurchases in 2005 and $ 50 million in 2004 .
the net repurchases in 2006 did not include a forward contract entered into in december 2006 for the repurchase of 1200000 shares .
the contract was settled on january 5 , 2007 , for $ 51.9 million in cash .
in connection with the employee stock purchase plan , the company contributes 20 percent of up to $ 500 of each participating employee 2019s monthly payroll deduction toward the purchase of ball corporation common stock .
company contributions for this plan were $ 3.2 million in 2006 , $ 3.2 million in 2005 and $ 2.7 million in 2004 .
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 Data:
[['( $ in millions )', 'foreign currency translation', 'pension and other postretirement items net of tax', 'effective financial derivatives net of tax', 'accumulated other comprehensive earnings ( loss )'], ['december 31 2003', '$ 80.7', '$ -93.1 ( 93.1 )', '$ 11.0', '$ -1.4 ( 1.4 )'], ['2004 change', '68.2', '-33.2 ( 33.2 )', '-0.4 ( 0.4 )', '34.6'], ['december 31 2004', '148.9', '-126.3 ( 126.3 )', '10.6', '33.2'], ['2005 change', '-74.3 ( 74.3 )', '-43.6 ( 43.6 )', '-16.0 ( 16.0 )', '-133.9 ( 133.9 )'], ['december 31 2005', '74.6', '-169.9 ( 169.9 )', '-5.4 ( 5.4 )', '-100.7 ( 100.7 )'], ['2006 change', '57.2', '8.0', '6.0', '71.2'], ['december 31 2006', '$ 131.8', '$ -161.9 ( 161.9 )', '$ 0.6', '$ -29.5 ( 29.5 )']]
Following Text:
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 minimum pension liability is presented net of related tax expense of $ 2.9 million for 2006 and related tax benefits of $ 27.3 million and $ 20.8 million for 2005 and 2004 , respectively .
the change in the effective financial derivatives is presented net of related tax expense of $ 5.7 million for 2006 , related tax benefit of $ 10.7 million for 2005 and related tax benefit of $ 0.2 million for 2004. .
Question: what was the percentage change in accumulated other comprehensive earnings ( loss ) between 2003 and 2004?\\n
|
2471%
|
Please answer the question based on all the information provided below:
Document: CME/2012/page_107.pdf
ID: CME/2012/page_107.pdf-3
Previous Text:
the weighted average grant date fair value of options granted during 2012 , 2011 , and 2010 was $ 13 , $ 19 and $ 20 per share , respectively .
the total intrinsic value of options exercised during the years ended december 31 , 2012 , 2011 and 2010 , was $ 19.0 million , $ 4.2 million and $ 15.6 million , respectively .
in 2012 , the company granted 931340 shares of restricted class a common stock and 4048 shares of restricted stock units .
restricted common stock and restricted stock units generally have a vesting period of 2 to 4 years .
the fair value related to these grants was $ 54.5 million , which is recognized as compensation expense on an accelerated basis over the vesting period .
beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .
in 2012 , the company also granted 138410 performance shares .
the fair value related to these grants was $ 7.7 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .
the vesting of these shares is contingent on meeting stated performance or market conditions .
the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2012 : number of shares weighted average grant date fair value outstanding at december 31 , 2011 .
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1432610 $ 57 .
Table Data:
[['', 'number of shares', 'weightedaveragegrant datefair value'], ['outstanding at december 31 2011', '1432610', '$ 57'], ['granted', '1073798', '54'], ['vested', '-366388 ( 366388 )', '55'], ['cancelled', '-226493 ( 226493 )', '63'], ['outstanding at december 31 2012', '1913527', '54']]
Following Text:
outstanding at december 31 , 2012 .
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1913527 54 the total fair value of restricted stock , restricted stock units , and performance shares that vested during the years ended december 31 , 2012 , 2011 and 2010 , was $ 20.9 million , $ 11.6 million and $ 10.3 million , respectively .
eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .
shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market .
compensation expense is recognized on the dates of purchase for the discount from the closing price .
in 2012 , 2011 and 2010 , a total of 27768 , 32085 and 21855 shares , respectively , of class a common stock were issued to participating employees .
these shares are subject to a six-month holding period .
annual expense of $ 0.1 million , $ 0.2 million and $ 0.1 million for the purchase discount was recognized in 2012 , 2011 and 2010 , respectively .
non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .
non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .
as a result , 40260 , 40585 and 37350 shares of class a common stock were issued to non-executive directors during 2012 , 2011 and 2010 , respectively .
these shares are not subject to any vesting restrictions .
expense of $ 2.2 million , $ 2.1 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2012 , 2011 and 2010 , respectively .
19 .
fair value measurements in general , the company uses quoted prices in active markets for identical assets to determine the fair value of marketable securities and equity investments .
level 1 assets generally include u.s .
treasury securities , equity securities listed in active markets , and investments in publicly traded mutual funds with quoted market prices .
if quoted prices are not available to determine fair value , the company uses other inputs that are directly observable .
assets included in level 2 generally consist of asset- backed securities , municipal bonds , u.s .
government agency securities and interest rate swap contracts .
asset-backed securities , municipal bonds and u.s .
government agency securities were measured at fair value based on matrix pricing using prices of similar securities with similar inputs such as maturity dates , interest rates and credit ratings .
the company determined the fair value of its interest rate swap contracts using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves. .
Question: what is the total value of cancelled shares , ( in millions ) ?
|
14.3
|
Please answer the question based on all the information provided below:
Document: AON/2018/page_90.pdf
ID: AON/2018/page_90.pdf-4
Previous Text:
( 3 ) refer to note 2 201csummary of significant accounting principles and practices 201d for further information .
13 .
employee benefitsp y defined contribution savings plans aon maintains defined contribution savings plans for the benefit of its employees .
the expense recognized for these plans is included in compensation and benefits in the consolidated statements of income .
the expense for the significant plans in the u.s. , u.k. , netherlands and canada is as follows ( in millions ) : .
Table Data:
[['years ended december 31', '2018', '2017', '2016'], ['u.s .', '$ 98', '$ 105', '$ 121'], ['u.k .', '45', '43', '43'], ['netherlands and canada', '25', '25', '27'], ['total', '$ 168', '$ 173', '$ 191']]
Following Text:
pension and other postretirement benefits the company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement , medical , and life insurance benefits .
the postretirement health care plans are contributory , with retiree contributions adjusted annually , and the aa life insurance and pension plans are generally noncontributory .
the significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants. .
Question: considering the years 2016-2018 , what is the average expense for the significant plans in the u.k.?
|
43.66
|
Please answer the question based on all the information provided below:
Document: EW/2016/page_50.pdf
ID: EW/2016/page_50.pdf-1
Previous Text:
net cash flows provided by operating activities of $ 704.4 million for 2016 increased $ 154.7 million from 2015 due primarily to ( 1 ) improved operating performance and ( 2 ) lower supplier payments in 2016 compared to 2015 , partially offset by ( 1 ) the impact of excess tax benefits from stock plans , primarily due to our increased stock price , and ( 2 ) an increase in accounts receivable due to increased sales , primarily in the united states .
net cash flows provided by operating activities of $ 549.7 million for 2015 decreased $ 472.6 million from 2014 due primarily to ( 1 ) the $ 750.0 million upfront payment received from medtronic under a litigation settlement agreement , and ( 2 ) a higher bonus payout in 2015 associated with 2014 performance .
these decreases were partially offset by ( 1 ) income tax payments of $ 224.5 million made in 2014 related to the medtronic settlement , ( 2 ) improved operating performance in 2015 , and ( 3 ) the $ 50.0 million charitable contribution made in 2014 to the edwards lifesciences foundation .
net cash used in investing activities of $ 211.7 million in 2016 consisted primarily of capital expenditures of $ 176.1 million and $ 41.3 million for the acquisition of intangible assets .
net cash used in investing activities of $ 316.1 million in 2015 consisted primarily of a $ 320.1 million net payment associated with the acquisition of cardiaq , and capital expenditures of $ 102.7 million , partially offset by net proceeds from investments of $ 119.6 million .
net cash used in investing activities of $ 633.0 million in 2014 consisted primarily of net purchases of investments of $ 527.4 million and capital expenditures of $ 82.9 million .
net cash used in financing activities of $ 268.5 million in 2016 consisted primarily of purchases of treasury stock of $ 662.3 million , partially offset by ( 1 ) net proceeds from the issuance of debt of $ 222.1 million , ( 2 ) proceeds from stock plans of $ 103.3 million , and ( 3 ) the excess tax benefit from stock plans of $ 64.3 million .
net cash used in financing activities of $ 158.6 million in 2015 consisted primarily of purchases of treasury stock of $ 280.1 million , partially offset by ( 1 ) proceeds from stock plans of $ 87.2 million , and ( 2 ) the excess tax benefit from stock plans of $ 41.3 million .
net cash used in financing activities of $ 153.0 million in 2014 consisted primarily of purchases of treasury stock of $ 300.9 million , partially offset by ( 1 ) proceeds from stock plans of $ 113.3 million , and ( 2 ) the excess tax benefit from stock plans of $ 49.4 million ( including the realization of previously unrealized excess tax benefits ) .
a summary of all of our contractual obligations and commercial commitments as of december 31 , 2016 were as follows ( in millions ) : .
Table Data:
[['contractual obligations', 'payments due by period total', 'payments due by period less than1 year', 'payments due by period 1-3years', 'payments due by period 4-5years', 'payments due by period after 5years'], ['debt', '$ 825.0', '$ 2014', '$ 825.0', '$ 2014', '$ 2014'], ['operating leases', '72.6', '22.3', '24.9', '8.8', '16.6'], ['interest on debt', '30.8', '16.4', '14.4', '2014', '2014'], ['pension obligations ( a )', '6.1', '6.1', '2014', '2014', '2014'], ['capital commitment obligations ( b )', '0.6', '0.3', '0.3', '2014', '2014'], ['purchase and other commitments', '16.4', '13.7', '2.7', '2014', '2014'], ['total contractual cash obligations ( c ) ( d )', '$ 951.5', '$ 58.8', '$ 867.3', '$ 8.8', '$ 16.6']]
Following Text:
( a ) the amount included in 2018 2018less than 1 year 2019 2019 reflects anticipated contributions to our various pension plans .
anticipated contributions beyond one year are not determinable .
the total accrued benefit liability for our pension plans recognized as of december 31 , 2016 was $ 50.1 million .
this amount is impacted .
Question: what percentage of total contractual cash obligations is debt?
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87%
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Please answer the question based on all the information provided below:
Document: UAA/2016/page_83.pdf
ID: UAA/2016/page_83.pdf-4
Previous Text:
2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) .
Table Data:
[['2017', '$ 176138'], ['2018', '166961'], ['2019', '142987'], ['2020', '124856'], ['2021', '118168'], ['2022 and thereafter', '626495'], ['total future minimum sponsorship and other payments', '$ 1355605']]
Following Text:
total future minimum sponsorship and other payments $ 1355605 the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements .
the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements .
it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products .
the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives .
in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers .
in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items .
generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith .
based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations .
from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business .
other than as described below , the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows .
on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v .
under armour , inc. ) .
on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v .
under armour , inc. ) .
the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive .
the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints .
in general , the allegations in each case concern disclosures and statements made by .
Question: what portion of the total future minimum sponsorship and other payments will be due in the next three years?
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35.9%
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Please answer the question based on all the information provided below:
Document: MRO/2014/page_55.pdf
ID: MRO/2014/page_55.pdf-1
Previous Text:
additions to property , plant and equipment are our most significant use of cash and cash equivalents .
the following table shows capital expenditures related to continuing operations by segment and reconciles to additions to property , plant and equipment as presented in the consolidated statements of cash flows for 2014 , 2013 and 2012: .
Table Data:
[['( in millions )', 'year ended december 31 , 2014', 'year ended december 31 , 2013', 'year ended december 31 , 2012'], ['north america e&p', '$ 4698', '$ 3649', '$ 3988'], ['international e&p', '534', '456', '235'], ['oil sands mining', '212', '286', '188'], ['corporate', '51', '58', '115'], ['total capital expenditures', '5495', '4449', '4526'], ['change in capital expenditure accrual', '-335 ( 335 )', '-6 ( 6 )', '-165 ( 165 )'], ['additions to property plant and equipment', '$ 5160', '$ 4443', '$ 4361']]
Following Text:
as of december 31 , 2014 , we had repurchased a total of 121 million common shares at a cost of $ 4.7 billion , including 29 million shares at a cost of $ 1 billion in the first six months of 2014 and 14 million shares at a cost of $ 500 million in the third quarter of 2013 .
see item 8 .
financial statements and supplementary data 2013 note 22 to the consolidated financial statements for discussion of purchases of common stock .
liquidity and capital resources our main sources of liquidity are cash and cash equivalents , internally generated cash flow from operations , continued access to capital markets , our committed revolving credit facility and sales of non-strategic assets .
our working capital requirements are supported by these sources and we may issue commercial paper backed by our $ 2.5 billion revolving credit facility to meet short-term cash requirements .
because of the alternatives available to us as discussed above and access to capital markets through the shelf registration discussed below , we believe that our short-term and long-term liquidity is adequate to fund not only our current operations , but also our near-term and long-term funding requirements including our capital spending programs , dividend payments , defined benefit plan contributions , repayment of debt maturities and other amounts that may ultimately be paid in connection with contingencies .
at december 31 , 2014 , we had approximately $ 4.9 billion of liquidity consisting of $ 2.4 billion in cash and cash equivalents and $ 2.5 billion availability under our revolving credit facility .
as discussed in more detail below in 201coutlook 201d , we are targeting a $ 3.5 billion budget for 2015 .
based on our projected 2015 cash outlays for our capital program and dividends , we expect to outspend our cash flows from operations for the year .
we will be constantly monitoring our available liquidity during 2015 and we have the flexibility to adjust our budget throughout the year in response to the commodity price environment .
we will also continue to drive the fundamentals of expense management , including organizational capacity and operational reliability .
capital resources credit arrangements and borrowings in may 2014 , we amended our $ 2.5 billion unsecured revolving credit facility and extended the maturity to may 2019 .
see note 16 to the consolidated financial statements for additional terms and rates .
at december 31 , 2014 , we had no borrowings against our revolving credit facility and no amounts outstanding under our u.s .
commercial paper program that is backed by the revolving credit facility .
at december 31 , 2014 , we had $ 6391 million in long-term debt outstanding , and $ 1068 million is due within one year , of which the majority is due in the fourth quarter of 2015 .
we do not have any triggers on any of our corporate debt that would cause an event of default in the case of a downgrade of our credit ratings .
shelf registration we have a universal shelf registration statement filed with the sec , under which we , as "well-known seasoned issuer" for purposes of sec rules , have the ability to issue and sell an indeterminate amount of various types of debt and equity securities from time to time. .
Question: what was the average three year cash flow , in millions , from oil sands mining?
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228.7
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Please answer the question based on all the information provided below:
Document: RE/2014/page_125.pdf
ID: RE/2014/page_125.pdf-3
Previous Text:
9 .
junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .
as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .
interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: .
Table Data:
[['( dollars in thousands )', 'years ended december 31 , 2014', 'years ended december 31 , 2013', 'years ended december 31 , 2012'], ['interest expense incurred', '$ -', '$ 8181', '$ 20454']]
Following Text:
holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .
10 .
reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .
at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand .
on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .
these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .
the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .
the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .
on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .
this agreement is a multi-year reinsurance contract which covers specified earthquake events .
the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .
kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .
on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) .
on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) .
the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what was the ratio of interest incurred in 2013 to 2012
|
0.4
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Please answer the question based on all the information provided below:
Document: RCL/2016/page_7.pdf
ID: RCL/2016/page_7.pdf-1
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the following table details the growth in global weighted average berths and the global , north american , european and asia/pacific cruise guests over the past five years ( in thousands , except berth data ) : weighted- average supply of berths marketed globally ( 1 ) caribbean cruises ltd .
total berths ( 2 ) global cruise guests ( 1 ) american cruise guests ( 1 ) ( 3 ) european cruise guests ( 1 ) ( 4 ) asia/pacific cruise guests ( 1 ) ( 5 ) .
Table Data:
[['year', 'weighted-averagesupply ofberthsmarketedglobally ( 1 )', 'royal caribbean cruises ltd . total berths ( 2 )', 'globalcruiseguests ( 1 )', 'north american cruise guests ( 1 ) ( 3 )', 'european cruise guests ( 1 ) ( 4 )', 'asia/pacific cruise guests ( 1 ) ( 5 )'], ['2012', '425000', '98650', '20813', '11641', '6225', '1474'], ['2013', '432000', '98750', '21343', '11710', '6430', '2045'], ['2014', '448000', '105750', '22039', '12269', '6387', '2382'], ['2015', '469000', '112700', '23000', '12004', '6587', '3129'], ['2016', '493000', '123270', '24000', '12581', '6542', '3636']]
Following Text:
_______________________________________________________________________________ ( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a combination of data that we obtain from various publicly available cruise industry trade information sources .
we use data obtained from seatrade insider , cruise industry news and company press releases to estimate weighted-average supply of berths and clia and g.p .
wild to estimate cruise guest information .
in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .
( 2 ) total berths include our berths related to our global brands and partner brands .
( 3 ) our estimates include the united states and canada .
( 4 ) our estimates include european countries relevant to the industry ( e.g. , nordics , germany , france , italy , spain and the united kingdom ) .
( 5 ) our estimates include the southeast asia ( e.g. , singapore , thailand and the philippines ) , east asia ( e.g. , china and japan ) , south asia ( e.g. , india and pakistan ) and oceanian ( e.g. , australia and fiji islands ) regions .
north america the majority of industry cruise guests are sourced from north america , which represented approximately 52% ( 52 % ) of global cruise guests in 2016 .
the compound annual growth rate in cruise guests sourced from this market was approximately 2% ( 2 % ) from 2012 to 2016 .
europe industry cruise guests sourced from europe represented approximately 27% ( 27 % ) of global cruise guests in 2016 .
the compound annual growth rate in cruise guests sourced from this market was approximately 1% ( 1 % ) from 2012 to 2016 .
asia/pacific industry cruise guests sourced from the asia/pacific region represented approximately 15% ( 15 % ) of global cruise guests in 2016 .
the compound annual growth rate in cruise guests sourced from this market was approximately 25% ( 25 % ) from 2012 to 2016 .
the asia/pacific region is experiencing the highest growth rate of the major regions , although it will continue to represent a relatively small sector compared to north america .
competition we compete with a number of cruise lines .
our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise line , costa cruises , cunard line , holland america line , p&o cruises , princess cruises and seabourn ; disney cruise line ; msc cruises ; and norwegian cruise line holdings ltd , which owns norwegian cruise line , oceania cruises and regent seven seas cruises .
cruise lines compete with .
Question: in 2012 what was the percentage of the weighted-average supply of berths marketed globally belonged to the royal caribbean cruises
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23.2%
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Please answer the question based on all the information provided below:
Document: AMT/2010/page_41.pdf
ID: AMT/2010/page_41.pdf-2
Previous Text:
2022 international .
in general , our international markets are less advanced with respect to the current technologies deployed for wireless services .
as a result , demand for our communications sites is driven by continued voice network investments , new market entrants and initial 3g data network deployments .
for example , in india , nationwide voice networks continue to be deployed as wireless service providers are beginning their initial investments in 3g data networks , as a result of recent spectrum auctions .
in mexico and brazil , where nationwide voice networks have been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers and new market entrants to begin their initial investments in 3g data networks .
in markets such as chile and peru , recent spectrum auctions have attracted new market entrants , who are expected to begin their investment in deploying nationwide voice and 3g data networks .
we believe demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks .
rental and management operations new site revenue growth .
during the year ended december 31 , 2010 , we grew our portfolio of communications sites through acquisitions and construction activities , including the acquisition and construction of approximately 7800 sites .
we continue to evaluate opportunities to acquire larger communications site portfolios , both domestically and internationally , that we believe we can effectively integrate into our existing portfolio. .
Table Data:
[['new sites ( acquired or constructed )', '2010', '2009', '2008'], ['domestic', '947', '528', '160'], ['international ( 1 )', '6865', '3022', '801']]
Following Text:
( 1 ) the majority of sites acquired or constructed internationally during 2010 and 2009 were in india and our newly launched operations in chile , colombia and peru .
network development services segment revenue growth .
as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a small percentage of our total revenues .
through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites .
rental and management operations expenses .
our rental and management operations expenses include our direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance and utilities .
these segment level expenses exclude all segment and corporate level selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense .
in general , our rental and management segment level selling , general and administrative expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .
as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .
in geographic areas where we have recently launched operations or are focused on materially expanding our site footprint , we may incur additional segment level selling , general and administrative expenses as we increase our presence in these areas .
our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities .
reit election .
as we review our tax strategy and assess the utilization of our federal and state nols , we are actively considering an election to a reit for u.s .
federal and , where applicable , state income tax purposes .
we may make the determination to elect reit status for the taxable year beginning january 1 , 2012 , as early as the second half of 2011 , subject to the approval of our board of directors , although there is no certainty as to the timing of a reit election or whether we will make a reit election at all. .
Question: what portion of the new sites acquired or constructed during 2010 is located outside united states?
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87.9%
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Please answer the question based on all the information provided below:
Document: MRO/2009/page_36.pdf
ID: MRO/2009/page_36.pdf-4
Previous Text:
pipeline transportation 2013 we own a system of pipelines through marathon pipe line llc ( 201cmpl 201d ) and ohio river pipe line llc ( 201corpl 201d ) , our wholly-owned subsidiaries .
our pipeline systems transport crude oil and refined products primarily in the midwest and gulf coast regions to our refineries , our terminals and other pipeline systems .
our mpl and orpl wholly-owned and undivided interest common carrier systems consist of 1737 miles of crude oil lines and 1825 miles of refined product lines comprising 32 systems located in 11 states .
the mpl common carrier pipeline network is one of the largest petroleum pipeline systems in the united states , based on total barrels delivered .
our common carrier pipeline systems are subject to state and federal energy regulatory commission regulations and guidelines , including published tariffs for the transportation of crude oil and refined products .
third parties generated 13 percent of the crude oil and refined product shipments on our mpl and orpl common carrier pipelines in 2009 .
our mpl and orpl common carrier pipelines transported the volumes shown in the following table for each of the last three years .
pipeline barrels handled ( thousands of barrels per day ) 2009 2008 2007 .
Table Data:
[['( thousands of barrels per day )', '2009', '2008', '2007'], ['crude oil trunk lines', '1279', '1405', '1451'], ['refined products trunk lines', '953', '960', '1049'], ['total', '2232', '2365', '2500']]
Following Text:
we also own 196 miles of private crude oil pipelines and 850 miles of private refined products pipelines , and we lease 217 miles of common carrier refined product pipelines .
we have partial ownership interests in several pipeline companies that have approximately 780 miles of crude oil pipelines and 3600 miles of refined products pipelines , including about 970 miles operated by mpl .
in addition , mpl operates most of our private pipelines and 985 miles of crude oil and 160 miles of natural gas pipelines owned by our e&p segment .
our major refined product pipelines include the owned and operated cardinal products pipeline and the wabash pipeline .
the cardinal products pipeline delivers refined products from kenova , west virginia , to columbus , ohio .
the wabash pipeline system delivers product from robinson , illinois , to various terminals in the area of chicago , illinois .
other significant refined product pipelines owned and operated by mpl extend from : robinson , illinois , to louisville , kentucky ; garyville , louisiana , to zachary , louisiana ; and texas city , texas , to pasadena , texas .
in addition , as of december 31 , 2009 , we had interests in the following refined product pipelines : 2022 65 percent undivided ownership interest in the louisville-lexington system , a petroleum products pipeline system extending from louisville to lexington , kentucky ; 2022 60 percent interest in muskegon pipeline llc , which owns a refined products pipeline extending from griffith , indiana , to north muskegon , michigan ; 2022 50 percent interest in centennial pipeline llc , which owns a refined products system connecting the gulf coast region with the midwest market ; 2022 17 percent interest in explorer pipeline company , a refined products pipeline system extending from the gulf coast to the midwest ; and 2022 6 percent interest in wolverine pipe line company , a refined products pipeline system extending from chicago , illinois , to toledo , ohio .
our major owned and operated crude oil lines run from : patoka , illinois , to catlettsburg , kentucky ; patoka , illinois , to robinson , illinois ; patoka , illinois , to lima , ohio ; lima , ohio to canton , ohio ; samaria , michigan , to detroit , michigan ; and st .
james , louisiana , to garyville , louisiana .
as of december 31 , 2009 , we had interests in the following crude oil pipelines : 2022 51 percent interest in loop llc , the owner and operator of loop , which is the only u.s .
deepwater oil port , located 18 miles off the coast of louisiana , and a crude oil pipeline connecting the port facility to storage caverns and tanks at clovelly , louisiana ; 2022 59 percent interest in locap llc , which owns a crude oil pipeline connecting loop and the capline system; .
Question: what was the total refined products trunk lines production in tbd for the three year period?
|
2962
|
Please answer the question based on all the information provided below:
Document: ZBH/2017/page_50.pdf
ID: ZBH/2017/page_50.pdf-2
Previous Text:
zimmer biomet holdings , inc .
and subsidiaries 2017 form 10-k annual report notes to consolidated financial statements ( continued ) substantially complete .
the following table summarizes the liabilities related to these integration plans ( in millions ) : employee termination benefits contract terminations total .
Table Data:
[['', 'employee termination benefits', 'contract terminations', 'total'], ['balance december 31 2016', '$ 38.1', '$ 35.1', '$ 73.2'], ['additions', '12.1', '5.2', '17.3'], ['cash payments', '-36.7 ( 36.7 )', '-10.4 ( 10.4 )', '-47.1 ( 47.1 )'], ['foreign currency exchange rate changes', '1.3', '0.4', '1.7'], ['balance december 31 2017', '$ 14.8', '$ 30.3', '$ 45.1']]
Following Text:
we have also recognized other employee termination benefits related to ldr , other acquisitions and our operational excellence initiatives .
dedicated project personnel expenses include the salary , benefits , travel expenses and other costs directly associated with employees who are 100 percent dedicated to our integration of acquired businesses , employees who have been notified of termination , but are continuing to work on transferring their responsibilities and employees working on our quality enhancement and remediation efforts and operational excellence initiatives .
relocated facilities expenses are the moving costs , lease expenses and other facility costs incurred during the relocation period in connection with relocating certain facilities .
certain litigation matters relate to net expenses recognized during the year for the estimated or actual settlement of certain pending litigation and similar claims , including matters where we recognized income from a settlement on more favorable terms than our previous estimate , or we reduced our estimate of a previously recorded contingent liability .
these litigation matters have included royalty disputes , patent litigation matters , product liability litigation matters and commercial litigation matters .
contract termination costs relate to terminated agreements in connection with the integration of acquired companies and changes to our distribution model as part of business restructuring and operational excellence initiatives .
the terminated contracts primarily relate to sales agents and distribution agreements .
information technology integration costs are non- capitalizable costs incurred related to integrating information technology platforms of acquired companies or other significant software implementations as part of our quality and operational excellence initiatives .
as part of the biomet merger , we recognized $ 209.0 million of intangible assets for in-process research and development ( 201cipr&d 201d ) projects .
during 2017 and 2016 , we recorded impairment losses of $ 18.8 million and $ 30.0 million , respectively , related to these ipr&d intangible assets .
the impairments were primarily due to the termination of certain ipr&d projects .
we also recognized $ 479.0 million of intangible assets for trademarks that we designated as having an indefinite life .
during 2017 , we reclassified one of these trademarks to a finite life asset which resulted in an impairment of $ 8.0 million .
loss/impairment on disposal of assets relates to assets that we have sold or intend to sell , or for which the economic useful life of the asset has been significantly reduced due to integration or our quality and operational excellence initiatives .
contingent consideration adjustments represent the changes in the fair value of contingent consideration obligations to be paid to the prior owners of acquired businesses .
certain r&d agreements relate to agreements with upfront payments to obtain intellectual property to be used in r&d projects that have no alternative future use in other projects .
cash and cash equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents .
the carrying amounts reported in the balance sheet for cash and cash equivalents are valued at cost , which approximates their fair value .
accounts receivable 2013 accounts receivable consists of trade and other miscellaneous receivables .
we grant credit to customers in the normal course of business and maintain an allowance for doubtful accounts for potential credit losses .
we determine the allowance for doubtful accounts by geographic market and take into consideration historical credit experience , creditworthiness of the customer and other pertinent information .
we make concerted efforts to collect all accounts receivable , but sometimes we have to write-off the account against the allowance when we determine the account is uncollectible .
the allowance for doubtful accounts was $ 60.2 million and $ 51.6 million as of december 31 , 2017 and 2016 , respectively .
inventories 2013 inventories are stated at the lower of cost or market , with cost determined on a first-in first-out basis .
property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation .
depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements and three to eight years for machinery and equipment .
maintenance and repairs are expensed as incurred .
we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable .
an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount .
an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value .
software costs 2013 we capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended .
capitalized software costs generally include external direct costs of materials and services utilized in developing or obtaining computer software and compensation and related .
Question: what was the percentage change in the allowance for doubtful accounts between 2016 and 2017?
|
17%
|
Please answer the question based on all the information provided below:
Document: DVN/2015/page_117.pdf
ID: DVN/2015/page_117.pdf-3
Previous Text:
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . .
Table Data:
[['', 'u.s .', 'canada', 'total'], ['proved undeveloped reserves as of december 31 2014', '305', '384', '689'], ['extensions and discoveries', '13', '11', '24'], ['revisions due to prices', '-115 ( 115 )', '80', '-35 ( 35 )'], ['revisions other than price', '-40 ( 40 )', '-80 ( 80 )', '-120 ( 120 )'], ['conversion to proved developed reserves', '-88 ( 88 )', '-94 ( 94 )', '-182 ( 182 )'], ['proved undeveloped reserves as of december 31 2015', '75', '301', '376']]
Following Text:
proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves .
drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves .
costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 .
additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s .
and canada .
the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves .
of the 40 mmboe revisions recorded for u.s .
properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford .
a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations .
at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively .
development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity .
processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios .
furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities .
due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves .
as a result , these reserves are classified as proved undeveloped for more than five years .
currently , the development schedule for these reserves extends through to 2030 .
at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking .
no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves .
furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop .
price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products .
the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes .
2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Question: as of december 31 2014 what was the percent of the proved undeveloped reserves in the us
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44.2%
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Please answer the question based on all the information provided below:
Document: UNP/2009/page_25.pdf
ID: UNP/2009/page_25.pdf-2
Previous Text:
2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand .
although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end .
we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards .
these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) .
2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low .
throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel .
overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 .
we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel .
the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement .
2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 .
free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .
free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .
we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .
free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .
the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 .
Table Data:
[['millions of dollars', '2009', '2008', '2007'], ['cash provided by operating activities', '$ 3234', '$ 4070', '$ 3277'], ['cash used in investing activities', '-2175 ( 2175 )', '-2764 ( 2764 )', '-2426 ( 2426 )'], ['dividends paid', '-544 ( 544 )', '-481 ( 481 )', '-364 ( 364 )'], ['free cash flow', '$ 515', '$ 825', '$ 487']]
Following Text:
2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .
we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees .
we will continue implementing total safety culture ( tsc ) throughout our operations .
tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers .
this process allows us to identify and implement best practices for employee and operational safety .
reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities .
2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization .
we plan to adjust manpower and our locomotive and rail car fleets to .
Question: what percent of beginning inventory of locomotives remained in service at the end of the year?
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74%
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Please answer the question based on all the information provided below:
Document: ETR/2004/page_216.pdf
ID: ETR/2004/page_216.pdf-3
Previous Text:
entergy 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 Data:
[['2004', '2003', '2002', '2001'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 40549', '( $ 41317 )', '$ 18854', '$ 3812']]
Following Text:
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. .
Question: what is the difference of the payment for waterford lease obligation between 2003 and 2004?
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20.6
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Please answer the question based on all the information provided below:
Document: AMT/2008/page_14.pdf
ID: AMT/2008/page_14.pdf-1
Previous Text:
( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .
we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .
our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .
we operate in two business segments : rental and management and network development services .
for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .
products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .
this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .
our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .
wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .
we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .
in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .
approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .
as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states .
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19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .
mexico .
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2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .
brazil .
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1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .
india .
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200 initial-phase coverage ( operations established in the second half of 2007 ) .
we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .
paging and fixed microwave .
our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .
our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .
for the year ended december 31 .
Table Data:
[['country', 'number of owned sites ( approx )', 'coverage area'], ['united states', '19400', 'coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .'], ['mexico', '2500', 'coverage primarily concentrated in highly populated areas including mexico city monterrey guadalajara and acapulco .'], ['brazil', '1100', 'coverage primarily concentrated in major metropolitan areas in central and southern brazil including sao paulo rio de janeiro brasilia and curitiba .'], ['india', '200', 'initial-phase coverage ( operations established in the second half of 2007 ) .']]
Following Text:
( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) .
we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries .
our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 .
we operate in two business segments : rental and management and network development services .
for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report .
products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment .
this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively .
our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management .
wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue .
we also own and operate communications towers in india , where we commenced operations in the second half of 2007 .
in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil .
approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively .
as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states .
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19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .
mexico .
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2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco .
brazil .
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1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba .
india .
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200 initial-phase coverage ( operations established in the second half of 2007 ) .
we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax .
paging and fixed microwave .
our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa .
our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil .
for the year ended december 31 .
Question: what is the total number of owned sites presented in the table?
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23200
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Please answer the question based on all the information provided below:
Document: ANSS/2008/page_85.pdf
ID: ANSS/2008/page_85.pdf-3
Previous Text:
the following is a reconciliation of the total amounts of unrecognized tax benefits for the year : ( in thousands ) .
Table Data:
[['unrecognized tax benefit 2014january 1 2008', '$ 7928'], ['ansoft unrecognized tax benefit 2014acquired july 31 2008', '3525'], ['gross increases 2014tax positions in prior period', '2454'], ['gross decreases 2014tax positions in prior period', '-1572 ( 1572 )'], ['gross increases 2014tax positions in current period', '2255'], ['reductions due to a lapse of the applicable statute of limitations', '-1598 ( 1598 )'], ['changes due to currency fluctuation', '-259 ( 259 )'], ['settlements', '-317 ( 317 )'], ['unrecognized tax benefit 2014december 31 2008', '$ 12416']]
Following Text:
included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.6 million of tax benefits that , if recognized , would affect the effective tax rate .
also included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.0 million of tax benefits that , if recognized , would result in a decrease to goodwill recorded in purchase business combinations , and $ 1.9 million of tax benefits that , if recognized , would result in adjustments to other tax accounts , primarily deferred taxes .
the company believes it is reasonably possible that uncertain tax positions of approximately $ 2.6 million as of december 31 , 2008 will be resolved within the next twelve months .
the company recognizes interest and penalties related to unrecognized tax benefits as income tax expense .
related to the uncertain tax benefits noted above , the company recorded interest of $ 171000 during 2008 .
penalties recorded during 2008 were insignificant .
in total , as of december 31 , 2008 , the company has recognized a liability for penalties of $ 498000 and interest of $ 1.8 million .
the company is subject to taxation in the u.s .
and various states and foreign jurisdictions .
the company 2019s 2005 through 2008 tax years are open to examination by the internal revenue service .
the 2005 and 2006 federal returns are currently under examination .
the company also has various foreign subsidiaries with tax filings under examination , as well as numerous foreign and state tax filings subject to examination for various years .
10 .
pension and profit-sharing plans the company has 401 ( k ) /profit-sharing plans for all qualifying full-time domestic employees that permit participants to make contributions by salary reduction pursuant to section 401 ( k ) of the internal revenue code .
the company makes matching contributions on behalf of each eligible participant in an amount equal to 100% ( 100 % ) of the first 3% ( 3 % ) and an additional 25% ( 25 % ) of the next 5% ( 5 % ) , for a maximum total of 4.25% ( 4.25 % ) of the employee 2019s compensation .
the company may make a discretionary profit sharing contribution in the amount of 0% ( 0 % ) to 5% ( 5 % ) based on the participant 2019s eligible compensation , provided the employee is employed at the end of the year and has worked at least 1000 hours .
the qualifying domestic employees of the company 2019s ansoft subsidiary , acquired on july 31 , 2008 , also participate in a 401 ( k ) plan .
there is no matching employer contribution associated with this plan .
the company also maintains various defined contribution pension arrangements for its international employees .
expenses related to the company 2019s retirement programs were $ 3.7 million in 2008 , $ 4.7 million in 2007 and $ 4.1 million in 2006 .
11 .
non-compete and employment agreements employees of the company have signed agreements under which they have agreed not to disclose trade secrets or confidential information and , where legally permitted , that restrict engagement in or connection with any business that is competitive with the company anywhere in the world while employed by the company ( and .
Question: what is the percentage increase in unrecognized tax benefits from jan 2008-dec 2008?
|
56.61%
|
Please answer the question based on all the information provided below:
Document: ADBE/2009/page_81.pdf
ID: ADBE/2009/page_81.pdf-4
Previous Text:
adobe systems incorporated notes to consolidated financial statements ( continued ) foreign currency translation we translate assets and liabilities of foreign subsidiaries , whose functional currency is their local currency , at exchange rates in effect at the balance sheet date .
we translate revenue and expenses at the monthly average exchange rates .
we include accumulated net translation adjustments in stockholders 2019 equity as a component of accumulated other comprehensive income .
property and equipment we record property and equipment at cost less accumulated depreciation and amortization .
property and equipment are depreciated using the straight-line method over their estimated useful lives ranging from 1 to 5 years for computers and equipment , 1 to 6 years for furniture and fixtures and up to 35 years for buildings .
leasehold improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or useful lives .
goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review .
we completed our annual impairment test in the second quarter of fiscal 2009 and determined that there was no impairment .
goodwill is assigned to one or more reporting segments on the date of acquisition .
we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill .
to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows .
our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors .
we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists .
we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable .
when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows .
if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets .
we did not recognize any intangible asset impairment charges in fiscal 2009 , 2008 or 2007 .
our intangible assets are amortized over their estimated useful lives of 1 to 13 years as shown in the table below .
amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed .
weighted average useful life ( years ) .
Table Data:
[['', 'weighted average useful life ( years )'], ['purchased technology', '7'], ['localization', '1'], ['trademarks', '7'], ['customer contracts and relationships', '10'], ['other intangibles', '2']]
Following Text:
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate .
amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed .
to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material .
revenue recognition our revenue is derived from the licensing of software products , consulting , hosting services and maintenance and support .
primarily , we recognize revenue when persuasive evidence of an arrangement exists , we have delivered the product or performed the service , the fee is fixed or determinable and collection is probable. .
Question: what is the average weighted average useful life ( years ) for trademarks and customer contracts and relationships?
|
8.5
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Please answer the question based on all the information provided below:
Document: SNPS/2006/page_73.pdf
ID: SNPS/2006/page_73.pdf-1
Previous Text:
fiscal 2004 acquisitions in february 2004 , the company completed the acquisition of all the outstanding shares of accelerant networks , inc .
( accelerant ) for total consideration of $ 23.8 million , and the acquisition of the technology assets of analog design automation , inc .
( ada ) for total consideration of $ 12.2 million .
the company acquired accelerant in order to enhance the company 2019s standards-based ip solutions .
the company acquired the assets of ada in order to enhance the company 2019s analog and mixed signal offerings .
in october 2004 , the company completed the acquisition of cascade semiconductor solutions , inc .
( cascade ) for total upfront consideration of $ 15.8 million and contingent consideration of up to $ 10.0 million to be paid upon the achievement of certain performance milestones over the three years following the acquisition .
contingent consideration totaling $ 2.1 million was paid during the fourth quarter of fiscal 2005 and has been allocated to goodwill .
the company acquired cascade , an ip provider , in order to augment synopsys 2019 offerings of pci express products .
included in the total consideration for the accelerant and cascade acquisitions are aggregate acquisition costs of $ 4.3 million , consisting primarily of legal and accounting fees and other directly related charges .
as of october 31 , 2006 the company has paid substantially all the costs related to these acquisitions .
in fiscal 2004 , the company completed one additional acquisition and two additional asset acquisition transactions for aggregate consideration of $ 12.3 million in upfront payments and acquisition-related costs .
in process research and development expenses associated with these acquisitions totaled $ 1.6 million for fiscal 2004 .
these acquisitions are not considered material , individually or in the aggregate , to the company 2019s consolidated balance sheet and results of operations .
as of october 31 , 2006 , the company has paid substantially all the costs related to these acquisitions .
the company allocated the total aggregate purchase consideration for these transactions to the assets and liabilities acquired , including identifiable intangible assets , based on their respective fair values at the acquisition dates , resulting in aggregate goodwill of $ 24.5 million .
aggregate identifiable intangible assets as a result of these acquisitions , consisting primarily of purchased technology and other intangibles , are $ 44.8 million , and are being amortized over three to five years .
the company includes the amortization of purchased technology in cost of revenue in its statements of operations .
note 4 .
goodwill and intangible assets goodwill consists of the following: .
Table Data:
[['', '( in thousands )'], ['balance at october 31 2004', '$ 593706'], ['additions ( 1 )', '169142'], ['other adjustments ( 2 )', '-33869 ( 33869 )'], ['balance at october 31 2005', '$ 728979'], ['additions ( 3 )', '27745'], ['other adjustments ( 4 )', '-21081 ( 21081 )'], ['balance at october 31 2006', '$ 735643']]
Following Text:
( 1 ) during fiscal year 2005 , additions represent goodwill acquired in acquisitions of ise and nassda of $ 72.9 million and $ 92.4 million , respectively , and contingent consideration earned and paid of $ 1.7 million and $ 2.1 million related to an immaterial acquisition and the acquisition of cascade , respectively .
( 2 ) during fiscal year 2005 , synopsys reduced goodwill primarily related to tax reserves for avant! no longer probable due to expiration of the federal statute of limitations for claims. .
Question: what is the percentual increase observed in the balance between 2004 and 2005?\\n
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22.78%
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Please answer the question based on all the information provided below:
Document: IPG/2018/page_26.pdf
ID: IPG/2018/page_26.pdf-3
Previous Text:
part ii item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our common stock is listed and traded on the new york stock exchange under the symbol 201cipg 201d .
as of february 13 , 2019 , there were approximately 10000 registered holders of our outstanding common stock .
on february 13 , 2019 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.235 per share , payable on march 15 , 2019 to holders of record as of the close of business on march 1 , 2019 .
although it is the board 2019s current intention to declare and pay future dividends , there can be no assurance that such additional dividends will in fact be declared and paid .
any and the amount of any such declaration is at the discretion of the board and will depend upon factors such as our earnings , financial position and cash requirements .
equity compensation plans see item 12 for information about our equity compensation plans .
transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .
repurchases of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2018 to december 31 , 2018 .
total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
Table Data:
[['', 'total number ofshares ( or units ) purchased1', 'average price paidper share ( or unit ) 2', 'total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3', 'maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3'], ['october 1 - 31', '3824', '$ 23.30', '2014', '$ 338421933'], ['november 1 - 30', '1750', '$ 23.77', '2014', '$ 338421933'], ['december 1 - 31', '2014', '2014', '2014', '$ 338421933'], ['total', '5574', '$ 23.45', '2014', '']]
Following Text:
1 the total number of shares of our common stock , par value $ 0.10 per share , repurchased were withheld under the terms of grants under employee stock- based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum in the applicable period of the aggregate value of the tax withholding obligations by the sum of the number of withheld shares .
3 in february 2017 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2017 share repurchase program 201d ) .
in february 2018 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock , which was in addition to any amounts remaining under the 2017 share repurchase program .
on july 2 , 2018 , in connection with the announcement of the acxiom acquisition , we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition , and no shares were repurchased pursuant to the share repurchase programs in the periods reflected .
there are no expiration dates associated with the share repurchase programs. .
Question: what was the percentage of the total number of shares purchased in october
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68.6%
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Please answer the question based on all the information provided below:
Document: HOLX/2009/page_153.pdf
ID: HOLX/2009/page_153.pdf-4
Previous Text:
table of contents hologic , inc .
notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) location during fiscal 2009 .
the company was responsible for a significant portion of the construction costs and therefore was deemed , for accounting purposes , to be the owner of the building during the construction period , in accordance with asc 840 , leases , subsection 40-15-5 .
during the year ended september 27 , 2008 , the company recorded an additional $ 4400 in fair market value of the building , which was completed in fiscal 2008 .
this is in addition to the $ 3000 fair market value of the land and the $ 7700 fair market value related to the building constructed that cytyc had recorded as of october 22 , 2007 .
the company has recorded such fair market value within property and equipment on its consolidated balance sheets .
at september 26 , 2009 , the company has recorded $ 1508 in accrued expenses and $ 16329 in other long-term liabilities related to this obligation in the consolidated balance sheet .
the term of the lease is for a period of approximately ten years with the option to extend for two consecutive five-year terms .
the lease term commenced in may 2008 , at which time the company began transferring the company 2019s costa rican operations to this facility .
it is expected that this process will be complete by february 2009 .
at the completion of the construction period , the company reviewed the lease for potential sale-leaseback treatment in accordance with asc 840 , subsection 40 , sale-leaseback transactions ( formerly sfas no .
98 ( 201csfas 98 201d ) , accounting for leases : sale-leaseback transactions involving real estate , sales-type leases of real estate , definition of the lease term , and initial direct costs of direct financing leases 2014an amendment of financial accounting standards board ( 201cfasb 201d ) statements no .
13 , 66 , and 91 and a rescission of fasb statement no .
26 and technical bulletin no .
79-11 ) .
based on its analysis , the company determined that the lease did not qualify for sale-leaseback treatment .
therefore , the building , leasehold improvements and associated liabilities will remain on the company 2019s financial statements throughout the lease term , and the building and leasehold improvements will be depreciated on a straight line basis over their estimated useful lives of 35 years .
future minimum lease payments , including principal and interest , under this lease were as follows at september 26 , 2009: .
Table Data:
[['', 'amount'], ['fiscal 2010', '$ 1508'], ['fiscal 2011', '1561'], ['fiscal 2012', '1616'], ['fiscal 2013', '1672'], ['fiscal 2014', '1731'], ['thereafter', '7288'], ['total minimum payments', '15376'], ['less-amount representing interest', '-6094 ( 6094 )'], ['total', '$ 9282']]
Following Text:
in addition , as a result of the merger with cytyc , the company assumed the obligation to a non-cancelable lease agreement for a building with approximately 146000 square feet located in marlborough , massachusetts , to be principally used as an additional manufacturing facility .
in 2011 , the company will have an option to lease an additional 30000 square feet .
as part of the lease agreement , the lessor agreed to allow the company to make significant renovations to the facility to prepare the facility for the company 2019s manufacturing needs .
the company was responsible for a significant amount of the construction costs and therefore was deemed , for accounting purposes , to be the owner of the building during the construction period in accordance with asc 840-40-15-5 .
the $ 13200 fair market value of the facility is included within property and equipment , net on the consolidated balance sheet .
at september 26 , 2009 , the company has recorded $ 982 in accrued expenses and source : hologic inc , 10-k , november 24 , 2009 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely .
the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law .
past financial performance is no guarantee of future results. .
Question: what was the total fair value building that cytyc had finished constructing in 2008 including the fair market value of the land?
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$ 15100 thousand
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Please answer the question based on all the information provided below:
Document: GS/2014/page_172.pdf
ID: GS/2014/page_172.pdf-3
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notes to consolidated financial statements guarantees of subsidiaries .
group inc .
fully and unconditionally guarantees the securities issued by gs finance corp. , a wholly-owned finance subsidiary of the group inc .
has guaranteed the payment obligations of goldman , sachs & co .
( gs&co. ) , gs bank usa and goldman sachs execution & clearing , l.p .
( gsec ) , subject to certain exceptions .
in november 2008 , the firm contributed subsidiaries into gs bank usa , and group inc .
agreed to guarantee the reimbursement of certain losses , including credit-related losses , relating to assets held by the contributed entities .
in connection with this guarantee , group inc .
also agreed to pledge to gs bank usa certain collateral , including interests in subsidiaries and other illiquid assets .
in addition , group inc .
guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by- transaction basis , as negotiated with counterparties .
group inc .
is unable to develop an estimate of the maximum payout under its subsidiary guarantees ; however , because these guaranteed obligations are also obligations of consolidated subsidiaries , group inc . 2019s liabilities as guarantor are not separately disclosed .
note 19 .
shareholders 2019 equity common equity dividends declared per common share were $ 2.25 in 2014 , $ 2.05 in 2013 and $ 1.77 in 2012 .
on january 15 , 2015 , group inc .
declared a dividend of $ 0.60 per common share to be paid on march 30 , 2015 to common shareholders of record on march 2 , 2015 .
the firm 2019s share repurchase program is intended to help maintain the appropriate level of common equity .
the share repurchase program is effected primarily through regular open-market purchases ( which may include repurchase plans designed to comply with rule 10b5-1 ) , the amounts and timing of which are determined primarily by the firm 2019s current and projected capital position , but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm 2019s common stock .
prior to repurchasing common stock , the firm must receive confirmation that the federal reserve board does not object to such capital actions .
the table below presents the amount of common stock repurchased by the firm under the share repurchase program during 2014 , 2013 and 2012. .
Table Data:
[['in millions except per share amounts', 'year ended december 2014', 'year ended december 2013', 'year ended december 2012'], ['common share repurchases', '31.8', '39.3', '42.0'], ['average cost per share', '$ 171.79', '$ 157.11', '$ 110.31'], ['total cost of common share repurchases', '$ 5469', '$ 6175', '$ 4637']]
Following Text:
total cost of common share repurchases $ 5469 $ 6175 $ 4637 pursuant to the terms of certain share-based compensation plans , employees may remit shares to the firm or the firm may cancel restricted stock units ( rsus ) or stock options to satisfy minimum statutory employee tax withholding requirements and the exercise price of stock options .
under these plans , during 2014 , 2013 and 2012 , employees remitted 174489 shares , 161211 shares and 33477 shares with a total value of $ 31 million , $ 25 million and $ 3 million , and the firm cancelled 5.8 million , 4.0 million and 12.7 million of rsus with a total value of $ 974 million , $ 599 million and $ 1.44 billion .
under these plans , the firm also cancelled 15.6 million stock options with a total value of $ 2.65 billion during 2014 .
170 goldman sachs 2014 annual report .
Question: what was the percentage change in the total cost of common share repurchases between 2013 and 2014?
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-11%
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Please answer the question based on all the information provided below:
Document: PKG/2006/page_68.pdf
ID: PKG/2006/page_68.pdf-4
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packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 .
stock-based compensation ( continued ) as of december 31 , 2006 , there was $ 8330000 of total unrecognized compensation costs related to the restricted stock awards .
the company expects to recognize the cost of these stock awards over a weighted-average period of 2.5 years .
5 .
accrued liabilities the components of accrued liabilities are as follows: .
Table Data:
[['( in thousands )', 'december 31 , 2006', 'december 31 , 2005'], ['bonuses and incentives', '$ 29822', '$ 21895'], ['medical insurance and workers 2019 compensation', '18279', '18339'], ['vacation and holiday pay', '14742', '14159'], ['customer volume discounts and rebates', '13777', '13232'], ['franchise and property taxes', '8432', '8539'], ['payroll and payroll taxes', '5465', '4772'], ['other', '9913', '5889'], ['total', '$ 100430', '$ 86825']]
Following Text:
6 .
employee benefit plans and other postretirement benefits in connection with the acquisition from pactiv , pca and pactiv entered into a human resources agreement which , among other items , granted pca employees continued participation in the pactiv pension plan for a period of up to five years following the closing of the acquisition for an agreed upon fee .
effective january 1 , 2003 , pca adopted a mirror-image pension plan for eligible hourly employees to succeed the pactiv pension plan in which pca hourly employees had participated though december 31 , 2002 .
the pca pension plan for hourly employees recognizes service earned under both the pca plan and the prior pactiv plan .
benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through december 31 , 2002 .
all assets and liabilities associated with benefits earned through december 31 , 2002 for hourly employees and retirees of pca were retained by the pactiv plan .
effective may 1 , 2004 , pca adopted a grandfathered pension plan for certain salaried employees who had previously participated in the pactiv pension plan pursuant to the above mentioned human resource agreement .
the benefit formula for the new pca pension plan for salaried employees is comparable to that of the pactiv plan except that the pca plan uses career average base pay in the benefit formula in lieu of final average base pay .
the pca pension plan for salaried employees recognizes service earned under both the pca plan and the prior pactiv plan .
benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through april 30 , 2004 .
all assets and liabilities associated with benefits earned through april 30 , 2004 for salaried employees and retirees of pca were retained by the pactiv plan .
pca maintains a supplemental executive retirement plan ( 201cserp 201d ) , which augments pension benefits for eligible executives ( excluding the ceo ) earned under the pca pension plan for salaried employees .
benefits are determined using the same formula as the pca pension plan but in addition to counting .
Question: what was the percentage change in bonuses and incentives from 2005 to 2006?
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36%
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Please answer the question based on all the information provided below:
Document: WRK/2018/page_106.pdf
ID: WRK/2018/page_106.pdf-2
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westrock company notes to consolidated financial statements fffd ( continued ) at september 30 , 2018 and september 30 , 2017 , gross net operating losses for foreign reporting purposes of approximately $ 698.4 million and $ 673.7 million , respectively , were available for carryforward .
a majority of these loss carryforwards generally expire between fiscal 2020 and 2038 , while a portion have an indefinite carryforward .
the tax effected values of these net operating losses are $ 185.8 million and $ 182.6 million at september 30 , 2018 and 2017 , respectively , exclusive of valuation allowances of $ 161.5 million and $ 149.6 million at september 30 , 2018 and 2017 , respectively .
at september 30 , 2018 and 2017 , we had state tax credit carryforwards of $ 64.8 million and $ 54.4 million , respectively .
these state tax credit carryforwards generally expire within 5 to 10 years ; however , certain state credits can be carried forward indefinitely .
valuation allowances of $ 56.1 million and $ 47.3 million at september 30 , 2018 and 2017 , respectively , have been provided on these assets .
these valuation allowances have been recorded due to uncertainty regarding our ability to generate sufficient taxable income in the appropriate taxing jurisdiction .
the following table represents a summary of the valuation allowances against deferred tax assets for fiscal 2018 , 2017 and 2016 ( in millions ) : .
Table Data:
[['', '2018', '2017', '2016'], ['balance at beginning of fiscal year', '$ 219.1', '$ 177.2', '$ 100.2'], ['increases', '50.8', '54.3', '24.8'], ['allowances related to purchase accounting ( 1 )', '0.1', '12.4', '63.0'], ['reductions', '-40.6 ( 40.6 )', '-24.8 ( 24.8 )', '-10.8 ( 10.8 )'], ['balance at end of fiscal year', '$ 229.4', '$ 219.1', '$ 177.2']]
Following Text:
( 1 ) amounts in fiscal 2018 and 2017 relate to the mps acquisition .
adjustments in fiscal 2016 relate to the combination and the sp fiber acquisition .
consistent with prior years , we consider a portion of our earnings from certain foreign subsidiaries as subject to repatriation and we provide for taxes accordingly .
however , we consider the unremitted earnings and all other outside basis differences from all other foreign subsidiaries to be indefinitely reinvested .
accordingly , we have not provided for any taxes that would be due .
as of september 30 , 2018 , we estimate our outside basis difference in foreign subsidiaries that are considered indefinitely reinvested to be approximately $ 1.5 billion .
the components of the outside basis difference are comprised of purchase accounting adjustments , undistributed earnings , and equity components .
except for the portion of our earnings from certain foreign subsidiaries where we provided for taxes , we have not provided for any taxes that would be due upon the reversal of the outside basis differences .
however , in the event of a distribution in the form of dividends or dispositions of the subsidiaries , we may be subject to incremental u.s .
income taxes , subject to an adjustment for foreign tax credits , and withholding taxes or income taxes payable to the foreign jurisdictions .
as of september 30 , 2018 , the determination of the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis differences is not practicable. .
Question: by what percent did the value of reductions increase between 2016 and 2018?
|
275.9%
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Please answer the question based on all the information provided below:
Document: ABMD/2003/page_27.pdf
ID: ABMD/2003/page_27.pdf-2
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a lump sum buyout cost of approximately $ 1.1 million .
total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 893000 , $ 856000 and $ 823000 for the fiscal years ended march 31 , 2001 , 2002 and 2003 , respectively .
during the fiscal year ended march 31 , 2000 , the company entered into 36-month operating leases totaling approximately $ 644000 for the lease of office furniture .
these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased at its fair market value .
rental expense recorded for these leases during the fiscal years ended march 31 , 2001 , 2002 and 2003 was approximately $ 215000 , $ 215000 and $ 127000 respectively .
during fiscal 2000 , the company entered into a 36-month capital lease for computer equipment and software for approximately $ 221000 .
this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased at the stipulated buyout price .
future minimum lease payments under all non-cancelable operating leases as of march 31 , 2003 are approximately as follows ( in thousands ) : .
Table Data:
[['year ending march 31,', 'operating leases'], ['2004', '$ 781'], ['2005', '776'], ['2006', '776'], ['2007', '769'], ['2008', '772'], ['thereafter', '1480'], ['total future minimum lease payments', '$ 5354']]
Following Text:
from time to time , the company is involved in legal and administrative proceedings and claims of various types .
while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , will not have a material adverse effect on the company .
7 .
stock option and purchase plans all stock options granted by the company under the below-described plans were granted at the fair value of the underlying common stock at the date of grant .
outstanding stock options , if not exercised , expire 10 years from the date of grant .
the 1992 combination stock option plan ( the combination plan ) , as amended , was adopted in september 1992 as a combination and restatement of the company 2019s then outstanding incentive stock option plan and nonqualified plan .
a total of 2670859 options were awarded from the combination plan during its ten-year restatement term that ended on may 1 , 2002 .
as of march 31 , 2003 , 1286042 of these options remain outstanding and eligible for future exercise .
these options are held by company employees and generally become exercisable ratably over five years .
the 1998 equity incentive plan , ( the equity incentive plan ) , was adopted by the company in august 1998 .
the equity incentive plan provides for grants of options to key employees , directors , advisors and consultants as either incentive stock options or nonqualified stock options as determined by the company 2019s board of directors .
a maximum of 1000000 shares of common stock may be awarded under this plan .
options granted under the equity incentive plan are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant .
options outstanding under the equity incentive plan have vesting periods of 3 to 5 years from the date of grant .
the 2000 stock incentive plan , ( the 2000 plan ) , was adopted by the company in august 2000 .
the 2000 plan provides for grants of options to key employees , directors , advisors and consultants to the company or its subsidiaries as either incentive or nonqualified stock options as determined by the company 2019s board of directors .
up to 1400000 shares of common stock may be awarded under the 2000 plan and are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant .
options outstanding under the 2000 plan generally vested 4 years from the date of grant .
the company has a nonqualified stock option plan for non-employee directors ( the directors 2019 plan ) .
the directors 2019 plan , as amended , was adopted in july 1989 and provides for grants of options to purchase shares of the company 2019s common stock to non-employee directors of the company .
up to 400000 shares of common stock may be awarded under the directors 2019 plan .
options outstanding under the directors 2019 plan have vesting periods of 1 to 5 years from the date of grant .
notes to consolidated financial statements ( continued ) march 31 , 2003 page 25 .
Question: for the options awarded under the 1992 plan , what is the expected annual exercise of the shares?
|
534172
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Please answer the question based on all the information provided below:
Document: UNP/2009/page_61.pdf
ID: UNP/2009/page_61.pdf-4
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notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .
1 .
nature of operations operations and segmentation 2013 we are a class i railroad that operates in the united states .
we have 32094 route miles , linking pacific coast and gulf coast ports with the midwest and eastern united states gateways and providing several corridors to key mexican gateways .
we serve the western two- thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .
export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .
the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .
although revenues are analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network .
the following table provides revenue by commodity group : millions of dollars 2009 2008 2007 .
Table Data:
[['millions of dollars', '2009', '2008', '2007'], ['agricultural', '$ 2666', '$ 3174', '$ 2605'], ['automotive', '854', '1344', '1458'], ['chemicals', '2102', '2494', '2287'], ['energy', '3118', '3810', '3134'], ['industrial products', '2147', '3273', '3077'], ['intermodal', '2486', '3023', '2925'], ['total freight revenues', '$ 13373', '$ 17118', '$ 15486'], ['other revenues', '770', '852', '797'], ['total operating revenues', '$ 14143', '$ 17970', '$ 16283']]
Following Text:
although our revenues are principally derived from customers domiciled in the united states , the ultimate points of origination or destination for some products transported are outside the united states .
basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the united states of america ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .
subsequent events evaluation 2013 we evaluated the effects of all subsequent events through february 5 , 2010 , the date of this report , which is concurrent with the date we file this report with the u.s .
securities and exchange commission ( sec ) .
2 .
significant accounting policies change in accounting principle 2013 we have historically accounted for rail grinding costs as a capital asset .
beginning in the first quarter of 2010 , we will change our accounting policy for rail grinding costs .
Question: what percent of total freight revenues was the chemicals group in 2008?
|
15%
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Please answer the question based on all the information provided below:
Document: ETR/2008/page_435.pdf
ID: ETR/2008/page_435.pdf-2
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the committee's assessment of other elements of compensation provided to the named executive officer .
the corporate and business unit goals and objectives vary by individual officers and include , among other things , corporate and business unit financial performance , capital expenditures , cost containment , safety , reliability , customer service , business development and regulatory matters .
the use of "internal pay equity" in setting merit increases is limited to determining whether a change in an executive officer's role and responsibilities relative to other executive officers requires an adjustment in the officer's salary .
the committee has not established any predetermined formula against which the base salary of one named executive officer is measured against another officer or employee .
in 2008 , on the basis of the market data and other factors described above , merit-based salary increases for the named executive officers were approved in amounts ranging from 3.2 to 5.2 percent .
in general these merit-based increases were consistent with the merit increase percentages approved with respect to named executive officers in the last two years ( excluding adjustments in salaries related to market factors , promotions or other changes in job responsibilities ) .
the following table sets forth the 2007 base salaries for the named executive officers , the 2008 percentage increase and the resulting 2008 base salary .
except as described below , changes in base salaries were effective in april of each of the years shown .
named executive officer 2007 base salary percentage increase 2008 base salary .
Table Data:
[['named executive officer', '2007 base salary', 'percentage increase', '2008 base salary'], ['j . wayne leonard', '$ 1230000', '5.0% ( 5.0 % )', '$ 1291500'], ['leo p . denault', '$ 600000', '5.0% ( 5.0 % )', '$ 630000'], ['richard j . smith', '$ 622400', '3.5% ( 3.5 % )', '$ 645000'], ['e . renae conley', '$ 392000', '4.0% ( 4.0 % )', '$ 407680'], ['hugh t . mcdonald', '$ 311992', '3.2% ( 3.2 % )', '$ 322132'], ['joseph f . domino', '$ 307009', '3.5% ( 3.5 % )', '$ 317754'], ['roderick k . west', '$ 276000', '13.75% ( 13.75 % )', '$ 315000'], ['theodore h . bunting jr .', '$ 325000', '5.2% ( 5.2 % )', '$ 341900'], ['haley fisackerly', '$ 205004', '32.9% ( 32.9 % )', '$ 275000'], ['carolyn shanks', '$ 307009', '3.3% ( 3.3 % )', '$ 317140'], ['jay a . lewis', '$ 207000', '3.24% ( 3.24 % )', '$ 213707']]
Following Text:
in addition to the market-based and other factors described above , the following factors were considered by the committee with respect to the officers identified below : mr .
leonard's salary was increased due to the personnel committee's assessment of , among other things , his strong performance as chief executive officer of entergy corporation , entergy corporation's financial and operational performance in 2007 and comparative market data on base salaries for chief executive officers .
in may , 2008 , carolyn shanks resigned as ceo - entergy mississippi and accepted a conditional offer of employment at enexus energy corporation .
upon her resignation , mr .
fisackerly was promoted to president and ceo of entergy mississippi , and mr .
fisackerly's salary was increased to reflect the increased responsibilities of his new position and comparative market and internal data for officers holding similar positions and performing similar responsibilities .
in the third quarter of 2008 , mr .
bunting took on the role of principal financial officer for the subsidiaries replacing mr .
lewis in that position .
in the third quarter of 2008 , mr .
lewis assumed a position with enexus energy corporation .
mr .
west's salary was increased to reflect his performance as ceo - entergy new orleans , the strategic challenges facing entergy new orleans and the importance of retaining mr .
west to manage these challenges and to retain internal competitiveness of mr .
west's salary with officers in the company holding similar positions. .
Question: what is the difference between the highest and the lowest base salary in 2008?
|
1077793
|
Please answer the question based on all the information provided below:
Document: AMT/2012/page_56.pdf
ID: AMT/2012/page_56.pdf-1
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continue to be deployed as wireless service providers are beginning their investments in 3g data networks .
similarly , in ghana and uganda , wireless service providers continue to build out their voice and data networks in order to satisfy increasing demand for wireless services .
in south africa , where voice networks are in a more advanced stage of development , carriers are beginning to deploy 3g data networks across spectrum acquired in recent spectrum auctions .
in mexico and brazil , where nationwide voice networks have also been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers to begin their initial investments in 3g data networks .
in markets such as chile , peru and colombia , recent or anticipated spectrum auctions are expected to drive investment in nationwide voice and 3g data networks .
in germany , our most mature international wireless market , demand is currently being driven by a government-mandated rural fourth generation network build-out , as well as other tenant initiatives to deploy next generation wireless services .
we believe incremental demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks .
rental and management operations new site revenue growth .
during the year ended december 31 , 2012 , we grew our portfolio of communications real estate through acquisitions and construction activities , including the acquisition and construction of approximately 8810 sites .
in a majority of our international markets , the acquisition or construction of new sites results in increased pass-through revenues and expenses .
we continue to evaluate opportunities to acquire larger communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. .
Table Data:
[['new sites ( acquired or constructed )', '2012', '2011', '2010'], ['domestic', '960', '470', '950'], ['international ( 1 )', '7850', '10000', '6870']]
Following Text:
( 1 ) the majority of sites acquired or constructed in 2012 were in brazil , germany , india and uganda ; in 2011 were in brazil , colombia , ghana , india , mexico and south africa ; and in 2010 were in chile , colombia , india and peru .
network development services segment revenue growth .
as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a relatively small percentage of our total revenues .
through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites , including in connection with provider network upgrades .
rental and management operations expenses .
direct operating expenses incurred by our domestic and international rental and management segments include direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance , security and power and fuel costs , some of which may be passed through to our tenants .
these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .
in general , our domestic and international rental and management segments selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .
as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .
we may incur additional segment selling , general , administrative and development expenses as we increase our presence in geographic areas where we have recently launched operations or are focused on expanding our portfolio .
our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities. .
Question: in 2012 , what percent of new sites were foreign?
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89%
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Please answer the question based on all the information provided below:
Document: ALLE/2016/page_29.pdf
ID: ALLE/2016/page_29.pdf-1
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seasonality our business experiences seasonality that varies by product line .
because more construction and do-it-yourself projects occur during the second and third calendar quarters of each year in the northern hemisphere , our security product sales , typically , are higher in those quarters than in the first and fourth calendar quarters .
however , our interflex business typically experiences higher sales in the fourth calendar quarter due to project timing .
revenue by quarter for the years ended december 31 , 2016 , 2015 and 2014 are as follows: .
Table Data:
[['', 'first quarter', 'second quarter', 'third quarter', 'fourth quarter'], ['2016', '22% ( 22 % )', '26% ( 26 % )', '26% ( 26 % )', '26% ( 26 % )'], ['2015', '22% ( 22 % )', '25% ( 25 % )', '26% ( 26 % )', '27% ( 27 % )'], ['2014', '22% ( 22 % )', '25% ( 25 % )', '26% ( 26 % )', '27% ( 27 % )']]
Following Text:
employees as of december 31 , 2016 , we had more than 9400 employees .
environmental regulation we have a dedicated environmental program that is designed to reduce the utilization and generation of hazardous materials during the manufacturing process as well as to remediate identified environmental concerns .
as to the latter , we are currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities .
the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes .
we are sometimes a party to environmental lawsuits and claims and have received notices of potential violations of environmental laws and regulations from the u.s .
environmental protection agency ( the "epa" ) and similar state authorities .
we have also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites .
for all such sites , there are other prps and , in most instances , our involvement is minimal .
in estimating our liability , we have assumed that we will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable .
the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis .
additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future .
we incurred $ 23.3 million , $ 4.4 million , and $ 2.9 million of expenses during the years ended december 31 , 2016 , 2015 , and 2014 , respectively , for environmental remediation at sites presently or formerly owned or leased by us .
as of december 31 , 2016 and 2015 , we have recorded reserves for environmental matters of $ 30.6 million and $ 15.2 million .
of these amounts $ 9.6 million and $ 2.8 million , respectively , relate to remediation of sites previously disposed by us .
given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain .
available information we are required to file annual , quarterly , and current reports , proxy statements , and other documents with the u.s .
securities and exchange commission ( "sec" ) .
the public may read and copy any materials filed with the sec at the sec 2019s public reference room at 100 f street , n.e. , washington , d.c .
20549 .
the public may obtain information on the operation of the public reference room by calling the sec at 1-800-sec-0330 .
also , the sec maintains an internet website that contains reports , proxy and information statements , and other information regarding issuers that file electronically with the sec .
the public can obtain any documents that are filed by us at http://www.sec.gov .
in addition , this annual report on form 10-k , as well as future quarterly reports on form 10-q , current reports on form 8-k and any amendments to all of the foregoing reports , are made available free of charge on our internet website ( http://www.allegion.com ) as soon as reasonably practicable after such reports are electronically filed with or furnished to the sec .
the contents of our website are not incorporated by reference in this report. .
Question: considering the year 2016 , what is the average revenue?
|
25%
|
Please answer the question based on all the information provided below:
Document: ADBE/2014/page_87.pdf
ID: ADBE/2014/page_87.pdf-4
Previous Text:
adobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2014 and 2013 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .
Table Data:
[['', '2014', '2013'], ['beginning balance', '$ 136098', '$ 160468'], ['gross increases in unrecognized tax benefits 2013 prior year tax positions', '144', '20244'], ['gross increases in unrecognized tax benefits 2013 current year tax positions', '18877', '16777'], ['settlements with taxing authorities', '-995 ( 995 )', '-55851 ( 55851 )'], ['lapse of statute of limitations', '-1630 ( 1630 )', '-4066 ( 4066 )'], ['foreign exchange gains and losses', '-3646 ( 3646 )', '-1474 ( 1474 )'], ['ending balance', '$ 148848', '$ 136098']]
Following Text:
as of november 28 , 2014 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 14.6 million .
we file income tax returns in the u.s .
on a federal basis and in many u.s .
state and foreign jurisdictions .
we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .
our major tax jurisdictions are ireland , california and the u.s .
for ireland , california and the u.s. , the earliest fiscal years open for examination are 2008 , 2008 and 2010 , respectively .
we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations .
we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .
in july 2013 , a u.s .
income tax examination covering fiscal 2008 and 2009 was completed .
our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable .
we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 .
the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .
these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities .
we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both .
given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million .
note 10 .
restructuring fiscal 2014 restructuring plan in the fourth quarter of fiscal 2014 , in order to better align our global resources for digital media and digital marketing , we initiated a restructuring plan to vacate our research and development facility in china and our sales and marketing facility in russia .
this plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $ 18.8 million related to ongoing termination benefits for the positions eliminated .
during fiscal 2015 , we intend to vacate both of these facilities .
the amount accrued for the fair value of future contractual obligations under these operating leases was insignificant .
other restructuring plans during the past several years , we have implemented other restructuring plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies .
as of november 28 , 2014 , we considered our other restructuring plans to be substantially complete .
we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant. .
Question: in thousands , what was the change between years in gross increases in unrecognized tax benefits 2013 prior year tax positions?
|
-20100
|
Please answer the question based on all the information provided below:
Document: PPG/2012/page_47.pdf
ID: PPG/2012/page_47.pdf-3
Previous Text:
2012 ppg annual report and form 10-k 45 costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes .
in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the "2010 credit agreement" ) which was subsequently terminated in july 2012 .
the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .
in connection with entering into the 2010 credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 .
there were no outstanding amounts due under either revolving facility at the times of their termination .
the 2010 credit agreement was set to terminate on august 5 , 2013 .
ppg 2019s non-u.s .
operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .
these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees .
short-term debt outstanding as of december 31 , 2012 and 2011 , was as follows: .
Table Data:
[['( millions )', '2012', '2011'], ['other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011', '$ 39', '$ 33'], ['total', '$ 39', '$ 33']]
Following Text:
ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures .
the company 2019s revolving credit agreements include a financial ratio covenant .
the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .
as of december 31 , 2012 , total indebtedness was 42% ( 42 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments .
additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions .
those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements .
none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates .
interest payments in 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 million , respectively .
in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) .
the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares .
rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .
the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .
minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .
the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .
the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .
as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .
the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .
a portion of such debt is secured by the assets of the related entities .
the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .
the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .
both streams were discounted at a risk free rate of return .
the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .
9 .
fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .
level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .
level 2 inputs are observable prices that are not quoted on active exchanges .
level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .
table of contents notes to the consolidated financial statements .
Question: what was the change in millions of rental expense for operating leases from 2010 to 2011?
|
16
|
Please answer the question based on all the information provided below:
Document: AAL/2014/page_89.pdf
ID: AAL/2014/page_89.pdf-1
Previous Text:
table of contents interest expense , net of capitalized interest decreased $ 129 million , or 18.1% ( 18.1 % ) , in 2014 from the 2013 period primarily due to a $ 63 million decrease in special charges recognized period-over-period as further described below , as well as refinancing activities that resulted in $ 65 million less interest expense recognized in 2014 .
in 2014 , american recognized $ 29 million of special charges relating to non-cash interest accretion on bankruptcy settlement obligations .
in 2013 , american recognized $ 48 million of special charges relating to post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to american 2019s 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes .
in addition , in 2013 american recorded special charges of $ 44 million for debt extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs .
as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , american recognized $ 65 million less interest expense in 2014 as compared to the 2013 period .
other nonoperating expense , net of $ 153 million in 2014 consisted principally of net foreign currency losses of $ 92 million and early debt extinguishment charges of $ 48 million .
other nonoperating expense , net of $ 84 million in 2013 consisted principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 29 million .
other nonoperating expense , net increased $ 69 million , or 81.0% ( 81.0 % ) , during 2014 primarily due to special charges recognized as a result of early debt extinguishment and an increase in foreign currency losses driven by the strengthening of the u.s .
dollar in foreign currency transactions , principally in latin american markets .
american recorded a $ 43 million special charge for venezuelan foreign currency losses in 2014 .
see part ii , item 7a .
quantitative and qualitative disclosures about market risk for further discussion of our cash held in venezuelan bolivars .
in addition , american 2019s nonoperating special items included $ 48 million in special charges in the 2014 primarily related to the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes and other indebtedness .
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 statement of operations for the year ended december 31 , 2013 ( in millions ) : .
Table Data:
[['', '2013'], ['labor-related deemed claim ( 1 )', '$ 1733'], ['aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )', '320'], ['fair value of conversion discount ( 4 )', '218'], ['professional fees', '199'], ['other', '170'], ['total reorganization items net', '$ 2640']]
Following Text:
( 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 .
Question: what percentage of total reorganization items net consisted of aircraft and facility financing renegotiations and rejections?
|
12.1%
|
Please answer the question based on all the information provided below:
Document: LMT/2013/page_81.pdf
ID: LMT/2013/page_81.pdf-2
Previous Text:
as of december 31 , 2013 and 2012 , our liabilities associated with unrecognized tax benefits are not material .
we and our subsidiaries file income tax returns in the u.s .
federal jurisdiction and various foreign jurisdictions .
with few exceptions , the statute of limitations is no longer open for u.s .
federal or non-u.s .
income tax examinations for the years before 2010 , other than with respect to refunds .
u.s .
income taxes and foreign withholding taxes have not been provided on earnings of $ 222 million , $ 211 million , and $ 193 million that have not been distributed by our non-u.s .
companies as of december 31 , 2013 , 2012 , and 2011 .
our intention is to permanently reinvest these earnings , thereby indefinitely postponing their remittance to the u.s .
if these earnings were remitted , we estimate that the additional income taxes after foreign tax credits would have been approximately $ 50 million in 2013 , $ 45 million in 2012 , and $ 41 million in 2011 .
our federal and foreign income tax payments , net of refunds received , were $ 787 million in 2013 , $ 890 million in 2012 , and $ 722 million in 2011 .
our 2013 net payments reflect a $ 550 million refund from the irs primarily attributable to our tax-deductible discretionary pension contributions during the fourth quarter of 2012 ; our 2012 net payments reflect a $ 153 million refund from the irs related to a 2011 capital loss carryback claim ; and our 2011 net payments reflect a $ 250 million refund from the irs related to estimated taxes paid for 2010 .
as of december 31 , 2013 and 2012 , we had federal and foreign taxes receivable of $ 313 million and $ 662 million recorded within other current assets on our balance sheet , primarily attributable to our tax-deductible discretionary pension contributions in the fourth quarter of 2013 and 2012 and our debt exchange transaction in the fourth quarter of 2012 .
note 9 2013 debt our long-term debt consisted of the following ( in millions ) : .
Table Data:
[['', '2013', '2012'], ['notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042', '$ 5642', '$ 5642'], ['notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2016 to 2036', '916', '930'], ['notes with a rate of 7.38% ( 7.38 % ) due 2013', '2014', '150'], ['other debt', '476', '478'], ['total long-term debt', '7034', '7200'], ['less : unamortized discounts', '-882 ( 882 )', '-892 ( 892 )'], ['total long-term debt net of unamortized discounts', '6152', '6308'], ['less : current maturities of long-term debt', '2014', '-150 ( 150 )'], ['total long-term debt net', '$ 6152', '$ 6158']]
Following Text:
in december 2012 , we issued notes totaling $ 1.3 billion with a fixed interest rate of 4.07% ( 4.07 % ) maturing in december 2042 ( the new notes ) in exchange for outstanding notes totaling $ 1.2 billion with interest rates ranging from 5.50% ( 5.50 % ) to 8.50% ( 8.50 % ) maturing in 2023 to 2040 ( the old notes ) .
in connection with the exchange , we paid a premium of $ 393 million , of which $ 225 million was paid in cash and $ 168 million was in the form of new notes .
this premium , in addition to $ 194 million in remaining unamortized discounts related to the old notes , will be amortized as additional interest expense over the term of the new notes using the effective interest method .
we may , at our option , redeem some or all of the new notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest .
interest on the new notes is payable on june 15 and december 15 of each year , beginning on june 15 , 2013 .
the new notes are unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness .
in september 2011 , we issued $ 2.0 billion of long-term notes in a registered public offering and in october 2011 , we used a portion of the proceeds to redeem all of our $ 500 million long-term notes maturing in 2013 .
in 2011 , we repurchased $ 84 million of our long-term notes through open-market purchases .
we paid premiums of $ 48 million in connection with the early extinguishments of debt , which were recognized in other non-operating income ( expense ) , net .
at december 31 , 2013 and 2012 , we had in place with a group of banks a $ 1.5 billion revolving credit facility that expires in august 2016 .
we may request and the banks may grant , at their discretion , an increase to the credit facility by an additional amount up to $ 500 million .
there were no borrowings outstanding under the credit facility through december 31 , 2013 .
borrowings under the credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the credit facility .
each bank 2019s obligation to make loans under the credit facility is subject .
Question: what was the change in millions of total long-term debt net between 2012 and 2013?
|
-6
|
Please answer the question based on all the information provided below:
Document: AON/2018/page_41.pdf
ID: AON/2018/page_41.pdf-3
Previous Text:
( 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 Data:
[['years ended december 31', '2018', '2017', '2016'], ['cash provided by continuing operating activities', '$ 1686', '$ 669', '$ 1829'], ['capital expenditures used for continuing operations', '-240 ( 240 )', '-183 ( 183 )', '-156 ( 156 )'], ['free cash flow provided by continuing operations', '$ 1446', '$ 486', '$ 1673']]
Following Text:
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 .
Question: considering the years 2017 and 2018 , what is the percentual increase observed in capital expenditures used for continuing operations?
|
31.14%
|
Please answer the question based on all the information provided below:
Document: CB/2010/page_114.pdf
ID: CB/2010/page_114.pdf-1
Previous Text:
the following table reports the significant movements in our shareholders 2019 equity for the year ended december 31 , 2010. .
Table Data:
[['( in millions of u.s . dollars )', '2010'], ['balance beginning of year', '$ 19667'], ['net income', '3108'], ['dividends declared on common shares', '-443 ( 443 )'], ['change in net unrealized appreciation ( depreciation ) on investments net of tax', '742'], ['repurchase of shares', '-303 ( 303 )'], ['other movements net of tax', '203'], ['balance end of year', '$ 22974']]
Following Text:
total shareholders 2019 equity increased $ 3.3 billion in 2010 , primarily due to net income of $ 3.1 billion and the change in net unrealized appreciation on investments of $ 742 million .
short-term debt at december 31 , 2010 , in connection with the financing of the rain and hail acquisition , short-term debt includes reverse repurchase agreements totaling $ 1 billion .
in addition , $ 300 million in borrowings against ace 2019s revolving credit facility were outstanding at december 31 , 2010 .
at december 31 , 2009 , short-term debt consisted of a five-year term loan which we repaid in december 2010 .
long-term debt our total long-term debt increased by $ 200 million during the year to $ 3.4 billion and is described in detail in note 9 to the consolidated financial statements , under item 8 .
in november 2010 , ace ina issued $ 700 million of 2.6 percent senior notes due november 2015 .
these senior unsecured notes are guaranteed on a senior basis by the company and they rank equally with all of the company 2019s other senior obligations .
in april 2008 , as part of the financing of the combined insurance acquisition , ace ina entered into a $ 450 million float- ing interest rate syndicated term loan agreement due april 2013 .
simultaneously , the company entered into a swap transaction that had the economic effect of fixing the interest rate for the term of the loan .
in december 2010 , ace repaid this loan and exited the swap .
in december 2008 , ace ina entered into a $ 66 million dual tranche floating interest rate term loan agreement .
the first tranche , a $ 50 million three-year term loan due december 2011 , had a floating interest rate .
simultaneously , the company entered into a swap transaction that had the economic effect of fixing the interest rate for the term of the loan .
in december 2010 , ace repaid this loan and exited the swap .
the second tranche , a $ 16 million nine-month term loan , was due and repaid in september 2009 .
trust preferred securities the securities outstanding consist of $ 300 million of trust preferred securities due 2030 , issued by a special purpose entity ( a trust ) that is wholly owned by us .
the sole assets of the special purpose entity are debt instruments issued by one or more of our subsidiaries .
the special purpose entity looks to payments on the debt instruments to make payments on the preferred securities .
we have guaranteed the payments on these debt instruments .
the trustees of the trust include one or more of our officers and at least one independent trustee , such as a trust company .
our officers serving as trustees of the trust do not receive any compensation or other remuneration for their services in such capacity .
the full $ 309 million of outstanding trust preferred securities ( calculated as $ 300 million as discussed above plus our equity share of the trust ) is shown on our con- solidated balance sheet as a liability .
additional information with respect to the trust preferred securities is contained in note 9 d ) to the consolidated financial statements , under item 8 .
common shares our common shares had a par value of chf 30.57 each at december 31 , 2010 .
at the annual general meeting held in may 2010 , the company 2019s shareholders approved a par value reduction in an aggregate swiss franc amount , pursuant to a formula , equal to $ 1.32 per share , which we refer to as the base annual divi- dend .
the base annual dividend is payable in four installments , provided that each of the swiss franc installments will be .
Question: what is the net change in shareholders 2019 equity in 2010 ( in millions ) ?
|
3307
|
Please answer the question based on all the information provided below:
Document: ADBE/2018/page_71.pdf
ID: ADBE/2018/page_71.pdf-1
Previous Text:
table of contents adobe inc .
notes to consolidated financial statements ( continued ) the table below represents the preliminary purchase price allocation to the acquired net tangible and intangible assets of marketo based on their estimated fair values as of the acquisition date and the associated estimated useful lives at that date .
the fair values assigned to assets acquired and liabilities assumed are based on management 2019s best estimates and assumptions as of the reporting date and are considered preliminary pending finalization of valuation analyses pertaining to intangible assets acquired , deferred revenue and tax liabilities assumed including the calculation of deferred tax assets and liabilities .
( in thousands ) amount weighted average useful life ( years ) .
Table Data:
[['( in thousands )', 'amount', 'weighted average useful life ( years )'], ['customer contracts and relationships', '$ 576900', '11'], ['purchased technology', '444500', '7'], ['backlog', '105800', '2'], ['non-competition agreements', '12100', '2'], ['trademarks', '328500', '9'], ['total identifiable intangible assets', '1467800', ''], ['net liabilities assumed', '-191288 ( 191288 )', 'n/a'], ['goodwill ( 1 )', '3459751', 'n/a'], ['total estimated purchase price', '$ 4736263', '']]
Following Text:
_________________________________________ ( 1 ) non-deductible for tax-purposes .
identifiable intangible assets 2014customer relationships consist of marketo 2019s contractual relationships and customer loyalty related to their enterprise and commercial customers as well as technology partner relationships .
the estimated fair value of the customer contracts and relationships was determined based on projected cash flows attributable to the asset .
purchased technology acquired primarily consists of marketo 2019s cloud-based engagement marketing software platform .
the estimated fair value of the purchased technology was determined based on the expected future cost savings resulting from ownership of the asset .
backlog relates to subscription contracts and professional services .
non-compete agreements include agreements with key marketo employees that preclude them from competing against marketo for a period of two years from the acquisition date .
trademarks include the marketo trade name , which is well known in the marketing ecosystem .
we amortize the fair value of these intangible assets on a straight-line basis over their respective estimated useful lives .
goodwill 2014approximately $ 3.46 billion has been allocated to goodwill , and has been allocated in full to the digital experience reportable segment .
goodwill represents the excess of the purchase price over the fair value of the underlying acquired net tangible and intangible assets .
the factors that contributed to the recognition of goodwill included securing buyer-specific synergies that increase revenue and profits and are not otherwise available to a marketplace participant , acquiring a talented workforce and cost savings opportunities .
net liabilities assumed 2014marketo 2019s tangible assets and liabilities as of october 31 , 2018 were reviewed and adjusted to their fair value as necessary .
the net liabilities assumed included , among other items , $ 100.1 million in accrued expenses , $ 74.8 million in deferred revenue and $ 182.6 million in deferred tax liabilities , which were partially offset by $ 54.9 million in cash and cash equivalents and $ 72.4 million in trade receivables acquired .
deferred revenue 2014included in net liabilities assumed is marketo 2019s deferred revenue which represents advance payments from customers related to subscription contracts and professional services .
we estimated our obligation related to the deferred revenue using the cost build-up approach .
the cost build-up approach determines fair value by estimating the direct and indirect costs related to supporting the obligation plus an assumed operating margin .
the sum of the costs and assumed operating profit approximates , in theory , the amount that marketo would be required to pay a third party to assume the obligation .
the estimated costs to fulfill the obligation were based on the near-term projected cost structure for subscription and professional services .
as a result , we recorded an adjustment to reduce marketo 2019s carrying value of deferred revenue to $ 74.8 million , which represents our estimate of the fair value of the contractual obligations assumed based on a preliminary valuation. .
Question: what portion of the total estimated purchase price is dedicated to goodwill?
|
73.0%
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Please answer the question based on all the information provided below:
Document: LLY/2018/page_42.pdf
ID: LLY/2018/page_42.pdf-2
Previous Text:
financial statement impact we believe that our accruals for sales returns , rebates , and discounts are reasonable and appropriate based on current facts and circumstances .
our global rebate and discount liabilities are included in sales rebates and discounts on our consolidated balance sheet .
our global sales return liability is included in other current liabilities and other noncurrent liabilities on our consolidated balance sheet .
as of december 31 , 2018 , a 5 percent change in our global sales return , rebate , and discount liability would have led to an approximate $ 275 million effect on our income before income taxes .
the portion of our global sales return , rebate , and discount liability resulting from sales of our products in the u.s .
was approximately 90 percent as of december 31 , 2018 and december 31 , 2017 .
the following represents a roll-forward of our most significant u.s .
pharmaceutical sales return , rebate , and discount liability balances , including managed care , medicare , and medicaid: .
Table Data:
[['( dollars in millions )', '2018', '2017'], ['sales return rebate and discount liabilities beginning of year', '$ 4172.0', '$ 3601.8'], ['reduction of net sales due to sales returns discounts and rebates ( 1 )', '12529.6', '10603.4'], ['cash payments of discounts and rebates', '-12023.4 ( 12023.4 )', '-10033.2 ( 10033.2 )'], ['sales return rebate and discount liabilities end of year', '$ 4678.2', '$ 4172.0']]
Following Text:
( 1 ) adjustments of the estimates for these returns , rebates , and discounts to actual results were approximately 1 percent of consolidated net sales for each of the years presented .
product litigation liabilities and other contingencies background and uncertainties product litigation liabilities and other contingencies are , by their nature , uncertain and based upon complex judgments and probabilities .
the factors we consider in developing our product litigation liability reserves and other contingent liability amounts include the merits and jurisdiction of the litigation , the nature and the number of other similar current and past matters , the nature of the product and the current assessment of the science subject to the litigation , and the likelihood of settlement and current state of settlement discussions , if any .
in addition , we accrue for certain product liability claims incurred , but not filed , to the extent we can formulate a reasonable estimate of their costs based primarily on historical claims experience and data regarding product usage .
we accrue legal defense costs expected to be incurred in connection with significant product liability contingencies when both probable and reasonably estimable .
we also consider the insurance coverage we have to diminish the exposure for periods covered by insurance .
in assessing our insurance coverage , we consider the policy coverage limits and exclusions , the potential for denial of coverage by the insurance company , the financial condition of the insurers , and the possibility of and length of time for collection .
due to a very restrictive market for product liability insurance , we are self-insured for product liability losses for all our currently marketed products .
in addition to insurance coverage , we also consider any third-party indemnification to which we are entitled or under which we are obligated .
with respect to our third-party indemnification rights , these considerations include the nature of the indemnification , the financial condition of the indemnifying party , and the possibility of and length of time for collection .
the litigation accruals and environmental liabilities and the related estimated insurance recoverables have been reflected on a gross basis as liabilities and assets , respectively , on our consolidated balance sheets .
impairment of indefinite-lived and long-lived assets background and uncertainties we review the carrying value of long-lived assets ( both intangible and tangible ) for potential impairment on a periodic basis and whenever events or changes in circumstances indicate the carrying value of an asset ( or asset group ) may not be recoverable .
we identify impairment by comparing the projected undiscounted cash flows to be generated by the asset ( or asset group ) to its carrying value .
if an impairment is identified , a loss is recorded equal to the excess of the asset 2019s net book value over its fair value , and the cost basis is adjusted .
goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually and when certain impairment indicators are present .
when required , a comparison of fair value to the carrying amount of assets is performed to determine the amount of any impairment. .
Question: what was the percentage change in reduction of net sales due to sales returns discounts and rebates between 2017 and 2018?
|
18%
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Please answer the question based on all the information provided below:
Document: PNC/2011/page_183.pdf
ID: PNC/2011/page_183.pdf-2
Previous Text:
there were no options granted in excess of market value in 2011 , 2010 or 2009 .
shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 33775543 at december 31 , 2011 .
total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 35304422 shares at december 31 , 2011 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .
during 2011 , we issued 731336 shares from treasury stock in connection with stock option exercise activity .
as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .
awards granted to non-employee directors in 2011 , 2010 and 2009 include 27090 , 29040 , and 39552 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .
a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash .
as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant .
incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant .
the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period .
the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards .
restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months .
beginning in 2011 , we incorporated two changes to certain awards under our existing long-term incentive compensation programs .
first , for certain grants of incentive performance units , the future payout amount will be subject to a negative annual adjustment if pnc fails to meet certain risk-related performance metrics .
this adjustment is in addition to the existing financial performance metrics relative to our peers .
these grants have a three-year performance period and are payable in either stock or a combination of stock and cash .
second , performance-based restricted share units ( performance rsus ) were granted in 2011 to certain of our executives in lieu of stock options .
these performance rsus ( which are payable solely in stock ) have a service condition , an internal risk-related performance condition , and an external market condition .
satisfaction of the performance condition is based on four independent one-year performance periods .
the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2011 , 2010 and 2009 was $ 63.25 , $ 54.59 and $ 41.16 per share , respectively .
we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .
nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair .
Table Data:
[['shares in thousands december 31 2010', 'nonvested incentive/ performance unit shares 363', 'weighted- average grant date fair value $ 56.40', 'nonvested restricted stock/ unit shares 2250', 'weighted- average grant date fair value $ 49.95'], ['granted', '623', '64.21', '1059', '62.68'], ['vested', '-156 ( 156 )', '59.54', '-706 ( 706 )', '51.27'], ['forfeited', '', '', '-91 ( 91 )', '52.24'], ['december 31 2011', '830', '$ 61.68', '2512', '$ 54.87']]
Following Text:
in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash .
at december 31 , 2011 , there was $ 61 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans .
this cost is expected to be recognized as expense over a period of no longer than five years .
the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2011 , 2010 and 2009 was approximately $ 52 million , $ 39 million and $ 47 million , respectively .
liability awards we grant annually cash-payable restricted share units to certain executives .
the grants were made primarily as part of an annual bonus incentive deferral plan .
while there are time- based and service-related vesting criteria , there are no market or performance criteria associated with these awards .
compensation expense recognized related to these awards was recorded in prior periods as part of annual cash bonus criteria .
as of december 31 , 2011 , there were 753203 of these cash- payable restricted share units outstanding .
174 the pnc financial services group , inc .
2013 form 10-k .
Question: were there more isos granted in the year than restricted stock units?
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no
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Please answer the question based on all the information provided below:
Document: MRO/2009/page_58.pdf
ID: MRO/2009/page_58.pdf-2
Previous Text:
our refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation .
the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as a proxy for the refining margin .
crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil .
as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s .
gulf coast crack spreads that we feel most closely track our operations and slate of products .
posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation .
our refineries can process significant amounts of sour crude oil which typically can be purchased at a discount to sweet crude oil .
the amount of this discount , the sweet/sour differential , can vary significantly causing our refining and wholesale marketing gross margin to differ from the crack spreads which are based upon sweet crude .
in general , a larger sweet/sour differential will enhance our refining and wholesale marketing gross margin .
in 2009 , the sweet/sour differential narrowed , due to a variety of worldwide economic and petroleum industry related factors , primarily related to lower hydrocarbon demand .
sour crude accounted for 50 percent , 52 percent and 54 percent of our crude oil processed in 2009 , 2008 and 2007 .
the following table lists calculated average crack spreads for the midwest ( chicago ) and gulf coast markets and the sweet/sour differential for the past three years .
( dollars per barrel ) 2009 2008 2007 .
Table Data:
[['( dollars per barrel )', '2009', '2008', '2007'], ['chicago lls 6-3-2-1', '$ 3.52', '$ 3.27', '$ 8.87'], ['u.s . gulf coast lls 6-3-2-1', '$ 2.54', '$ 2.45', '$ 6.42'], ['sweet/sour differential ( a )', '$ 5.82', '$ 11.99', '$ 11.59']]
Following Text:
sweet/sour differential ( a ) $ 5.82 $ 11.99 $ 11.59 ( a ) calculated using the following mix of crude types as compared to lls. : 15% ( 15 % ) arab light , 20% ( 20 % ) kuwait , 10% ( 10 % ) maya , 15% ( 15 % ) western canadian select , 40% ( 40 % ) mars .
in addition to the market changes indicated by the crack spreads and sweet/sour differential , our refining and wholesale marketing gross margin is impacted by factors such as : 2022 the types of crude oil and other charge and blendstocks processed , 2022 the selling prices realized for refined products , 2022 the impact of commodity derivative instruments used to manage price risk , 2022 the cost of products purchased for resale , and 2022 changes in manufacturing costs , which include depreciation .
manufacturing costs are primarily driven by the cost of energy used by our refineries and the level of maintenance costs .
planned turnaround and major maintenance activities were completed at our catlettsburg , garyville , and robinson refineries in 2009 .
we performed turnaround and major maintenance activities at our robinson , catlettsburg , garyville and canton refineries in 2008 and at our catlettsburg , robinson and st .
paul park refineries in 2007 .
our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability .
there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year .
refined product demand increased for several years until 2008 when it decreased due to the combination of significant increases in retail petroleum prices , a broad slowdown in general economic activity , and the impact of increased ethanol blending into gasoline .
in 2009 refined product demand continued to decline .
for our marketing area , we estimate a gasoline demand decline of about one percent and a distillate demand decline of about 12 percent from 2008 levels .
market demand declines for gasoline and distillates generally reduce the product margin we can realize .
we also estimate gasoline and distillate demand in our marketing area decreased about three percent in 2008 compared to 2007 levels .
the gross margin on merchandise sold at retail outlets has been historically less volatile. .
Question: by what percentage did the average crack spread for the midwest ( chicago ) decrease from 2007 to 2009?
|
-60.3%
|
Please answer the question based on all the information provided below:
Document: JPM/2003/page_28.pdf
ID: JPM/2003/page_28.pdf-2
Previous Text:
management 2019s discussion and analysis j.p .
morgan chase & co .
26 j.p .
morgan chase & co .
/ 2003 annual report $ 41.7 billion .
nii was reduced by a lower volume of commercial loans and lower spreads on investment securities .
as a compo- nent of nii , trading-related net interest income of $ 2.1 billion was up 13% ( 13 % ) from 2002 due to a change in the composition of , and growth in , trading assets .
the firm 2019s total average interest-earning assets in 2003 were $ 590 billion , up 6% ( 6 % ) from the prior year .
the net interest yield on these assets , on a fully taxable-equivalent basis , was 2.10% ( 2.10 % ) , compared with 2.09% ( 2.09 % ) in the prior year .
noninterest expense year ended december 31 .
Table Data:
[['( in millions )', '2003', '2002', 'change'], ['compensation expense', '$ 11695', '$ 10983', '6% ( 6 % )'], ['occupancy expense', '1912', '1606', '19'], ['technology and communications expense', '2844', '2554', '11'], ['other expense', '5137', '5111', '1'], ['surety settlement and litigation reserve', '100', '1300', '-92 ( 92 )'], ['merger and restructuring costs', '2014', '1210', 'nm'], ['total noninterest expense', '$ 21688', '$ 22764', '( 5 ) % ( % )']]
Following Text:
technology and communications expense in 2003 , technology and communications expense was 11% ( 11 % ) above the prior-year level .
the increase was primarily due to a shift in expenses : costs that were previously associated with compensation and other expenses shifted , upon the commence- ment of the ibm outsourcing agreement , to technology and communications expense .
also contributing to the increase were higher costs related to software amortization .
for a further dis- cussion of the ibm outsourcing agreement , see support units and corporate on page 44 of this annual report .
other expense other expense in 2003 rose slightly from the prior year , reflecting higher outside services .
for a table showing the components of other expense , see note 8 on page 96 of this annual report .
surety settlement and litigation reserve the firm added $ 100 million to the enron-related litigation reserve in 2003 to supplement a $ 900 million reserve initially recorded in 2002 .
the 2002 reserve was established to cover enron-related matters , as well as certain other material litigation , proceedings and investigations in which the firm is involved .
in addition , in 2002 the firm recorded a charge of $ 400 million for the settlement of enron-related surety litigation .
merger and restructuring costs merger and restructuring costs related to business restructurings announced after january 1 , 2002 , were recorded in their relevant expense categories .
in 2002 , merger and restructuring costs of $ 1.2 billion , for programs announced prior to january 1 , 2002 , were viewed by management as nonoperating expenses or 201cspecial items . 201d refer to note 8 on pages 95 201396 of this annual report for a further discussion of merger and restructuring costs and for a summary , by expense category and business segment , of costs incurred in 2003 and 2002 for programs announced after january 1 , 2002 .
provision for credit losses the 2003 provision for credit losses was $ 2.8 billion lower than in 2002 , primarily reflecting continued improvement in the quality of the commercial loan portfolio and a higher volume of credit card securitizations .
for further information about the provision for credit losses and the firm 2019s management of credit risk , see the dis- cussions of net charge-offs associated with the commercial and consumer loan portfolios and the allowance for credit losses , on pages 63 201365 of this annual report .
income tax expense income tax expense was $ 3.3 billion in 2003 , compared with $ 856 million in 2002 .
the effective tax rate in 2003 was 33% ( 33 % ) , compared with 34% ( 34 % ) in 2002 .
the tax rate decline was principally attributable to changes in the proportion of income subject to state and local taxes .
compensation expense compensation expense in 2003 was 6% ( 6 % ) higher than in the prior year .
the increase principally reflected higher performance-related incentives , and higher pension and other postretirement benefit costs , primarily as a result of changes in actuarial assumptions .
for a detailed discussion of pension and other postretirement benefit costs , see note 6 on pages 89 201393 of this annual report .
the increase pertaining to incentives included $ 266 million as a result of adopting sfas 123 , and $ 120 million from the reversal in 2002 of previously accrued expenses for certain forfeitable key employ- ee stock awards , as discussed in note 7 on pages 93 201395 of this annual report .
total compensation expense declined as a result of the transfer , beginning april 1 , 2003 , of 2800 employees to ibm in connection with a technology outsourcing agreement .
the total number of full-time equivalent employees at december 31 , 2003 was 93453 compared with 94335 at the prior year-end .
occupancy expense occupancy expense of $ 1.9 billion rose 19% ( 19 % ) from 2002 .
the increase reflected costs of additional leased space in midtown manhattan and in the south and southwest regions of the united states ; higher real estate taxes in new york city ; and the cost of enhanced safety measures .
also contributing to the increase were charges for unoccupied excess real estate of $ 270 million ; this compared with $ 120 million in 2002 , mostly in the third quarter of that year. .
Question: what is the average compensation expense per employee in 2003?
|
125143
|
Please answer the question based on all the information provided below:
Document: AAPL/2008/page_38.pdf
ID: AAPL/2008/page_38.pdf-2
Previous Text:
table of contents company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index ( the 201cs&p 500 201d ) and the s&p computers ( hardware ) index ( the 201cindustry index 201d ) .
the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 , and the industry index on september 30 , 2003 .
data points on the graph are annual .
note that historic stock price performance is not necessarily indicative of future stock price performance .
copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .
all rights reserved. .
Table Data:
[['', 'sep-03', 'sep-04', 'sep-05', 'sep-06', 'sep-07', 'sep-08'], ['apple inc .', '$ 100', '$ 187', '$ 517', '$ 743', '$ 1481', '$ 1097'], ['s&p a9500', '$ 100', '$ 114', '$ 128', '$ 142', '$ 165', '$ 129'], ['s&p a9computer hardware', '$ 100', '$ 104', '$ 119', '$ 128', '$ 188', '$ 158']]
Following Text:
s&p a9 500 $ 100 $ 114 $ 128 $ 142 $ 165 $ 129 s&p a9 computer hardware $ 100 $ 104 $ 119 $ 128 $ 188 $ 158 .
Question: what was the change in cumulative total return for the s&p a9500 between 2003 and 2004?
|
14
|
Please answer the question based on all the information provided below:
Document: IP/2007/page_34.pdf
ID: IP/2007/page_34.pdf-1
Previous Text:
expenses decreased to $ 23 million from $ 115 million in 2006 and $ 146 million in 2005 , reflecting the reduced level of operations .
operating profits for the real estate division , which principally sells higher-and-better-use properties , were $ 32 million , $ 124 million and $ 198 million in 2007 , 2006 and 2005 , respectively .
looking forward to 2008 , operating profits are expected to decline significantly , reflecting the reduced level of forestland holdings .
operating earn- ings will primarily reflect the periodic sales of remaining acreage , and can be expected to vary from quarter to quarter depending on the timing of sale transactions .
specialty businesses and other the specialty businesses and other segment princi- pally includes the operating results of the arizona chemical business as well as certain smaller busi- nesses .
the arizona chemical business was sold in february 2007 .
thus , operating results in 2007 reflect only two months of activity .
specialty businesses and other in millions 2007 2006 2005 .
Table Data:
[['in millions', '2007', '2006', '2005'], ['sales', '$ 135', '$ 935', '$ 915'], ['operating profit', '$ 6', '$ 61', '$ 4']]
Following Text:
liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products .
while changes in key cash operating costs , such as energy , raw material and transportation costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operat- ing cycle .
as part of our continuing focus on improving our return on investment , we have focused our capital spending on improving our key paper and packaging businesses both globally and in north america .
financing activities in 2007 continued the focus on the transformation plan objectives of returning value to shareholders through additional repurchases of common stock and strengthening the balance sheet through further reductions of management believes it is important for interna- tional paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms .
at december 31 , 2007 , the com- pany held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by standard & poor 2019s ( s&p ) and moody 2019s investor services ( moody 2019s ) , respectively .
cash provided by operations cash provided by continuing operations totaled $ 1.9 billion , compared with $ 1.0 billion for 2006 and $ 1.2 billion for 2005 .
the 2006 amount is net of a $ 1.0 bil- lion voluntary cash pension plan contribution made in the fourth quarter of 2006 .
the major components of cash provided by continuing operations are earn- ings from continuing operations adjusted for non-cash income and expense items and changes in working capital .
earnings from continuing oper- ations , adjusted for non-cash items and excluding the pension contribution in 2006 , increased by $ 123 million in 2007 versus 2006 .
this compared with an increase of $ 584 million for 2006 over 2005 .
international paper 2019s investments in accounts receiv- able and inventory less accounts payable and accrued liabilities , totaled $ 1.7 billion at december 31 , 2007 .
cash used for these working capital components increased by $ 539 million in 2007 , compared with a $ 354 million increase in 2006 and a $ 558 million increase in 2005 .
investment activities investment activities in 2007 included the receipt of $ 1.7 billion of additional cash proceeds from divest- itures , and the use of $ 239 million for acquisitions and $ 578 million for an investment in a 50% ( 50 % ) equity interest in ilim holding s.a .
in russia .
capital spending from continuing operations was $ 1.3 billion in 2007 , or 119% ( 119 % ) of depreciation and amortization , comparable to $ 1.0 billion , or 87% ( 87 % ) of depreciation and amortization in 2006 , and $ 992 mil- lion , or 78% ( 78 % ) of depreciation and amortization in 2005 .
the increase in 2007 reflects spending for the con- version of the pensacola paper machine to the pro- duction of linerboard , a fluff pulp project at our riegelwood mill , and a specialty pulp production project at our svetogorsk mill in russia , all of which were part of the company 2019s transformation plan. .
Question: what was the specialty business profit margin in 2006
|
6.52%
|
Please answer the question based on all the information provided below:
Document: RE/2014/page_125.pdf
ID: RE/2014/page_125.pdf-1
Previous Text:
9 .
junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .
as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .
interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: .
Table Data:
[['( dollars in thousands )', 'years ended december 31 , 2014', 'years ended december 31 , 2013', 'years ended december 31 , 2012'], ['interest expense incurred', '$ -', '$ 8181', '$ 20454']]
Following Text:
holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .
10 .
reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .
at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand .
on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .
these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .
the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .
the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .
on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .
this agreement is a multi-year reinsurance contract which covers specified earthquake events .
the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .
kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .
on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) .
on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) .
the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what is the percentage change in interest expense from 2012 to 2013?
|
-60.0%
|
Please answer the question based on all the information provided below:
Document: SYY/2014/page_16.pdf
ID: SYY/2014/page_16.pdf-1
Previous Text:
sysco corporation a0- a0form a010-k 3 part a0i item a01 a0business our distribution centers , which we refer to as operating companies , distribute nationally-branded merchandise , as well as products packaged under our private brands .
products packaged under our private brands have been manufactured for sysco according to specifi cations that have been developed by our quality assurance team .
in addition , our quality assurance team certifi es the manufacturing and processing plants where these products are packaged , enforces our quality control standards and identifi es supply sources that satisfy our requirements .
we believe that prompt and accurate delivery of orders , competitive pricing , close contact with customers and the ability to provide a full array of products and services to assist customers in their foodservice operations are of primary importance in the marketing and distribution of foodservice products to our customers .
our operating companies offer daily delivery to certain customer locations and have the capability of delivering special orders on short notice .
through our approximately 12800 sales and marketing representatives and support staff of sysco and our operating companies , we stay informed of the needs of our customers and acquaint them with new products and services .
our operating companies also provide ancillary services relating to foodservice distribution , such as providing customers with product usage reports and other data , menu-planning advice , food safety training and assistance in inventory control , as well as access to various third party services designed to add value to our customers 2019 businesses .
no single customer accounted for 10% ( 10 % ) or more of sysco 2019s total sales for the fi scal year ended june 28 , 2014 .
we estimate that our sales by type of customer during the past three fi scal years were as follows: .
Table Data:
[['type of customer', '2014', '2013', '2012'], ['restaurants', '62% ( 62 % )', '61% ( 61 % )', '63% ( 63 % )'], ['healthcare', '9', '10', '10'], ['education government', '9', '8', '8'], ['travel leisure retail', '8', '8', '8'], ['other ( 1 )', '12', '13', '11'], ['totals', '100% ( 100 % )', '100% ( 100 % )', '100% ( 100 % )']]
Following Text:
( 1 ) other includes cafeterias that are not stand alone restaurants , bakeries , caterers , churches , civic and fraternal organizations , vending distributors , other distributors and international exports .
none of these types of customers , as a group , exceeded 5% ( 5 % ) of total sales in any of the years for which information is presented .
sources of supply we purchase from thousands of suppliers , both domestic and international , none of which individually accounts for more than 10% ( 10 % ) of our purchases .
these suppliers consist generally of large corporations selling brand name and private label merchandise , as well as independent regional brand and private label processors and packers .
purchasing is generally carried out through both centrally developed purchasing programs and direct purchasing programs established by our various operating companies .
we administer a consolidated product procurement program designed to develop , obtain and ensure consistent quality food and non-food products .
the program covers the purchasing and marketing of sysco brand merchandise , as well as products from a number of national brand suppliers , encompassing substantially all product lines .
sysco 2019s operating companies purchase product from the suppliers participating in these consolidated programs and from other suppliers , although sysco brand products are only available to the operating companies through these consolidated programs .
we also focus on increasing profi tability by lowering operating costs and by lowering aggregate inventory levels , which reduces future facility expansion needs at our broadline operating companies , while providing greater value to our suppliers and customers .
this includes the construction and operation of regional distribution centers ( rdcs ) , which aggregate inventory demand to optimize the supply chain activities for certain products for all sysco broadline operating companies in the region .
currently , we have two rdcs in operation , one in virginia and one in florida .
working capital practices our growth is funded through a combination of cash fl ow from operations , commercial paper issuances and long-term borrowings .
see the discussion in 201cmanagement 2019s discussion and analysis of financial condition and results of operations , liquidity and capital resources 201d at item 7 regarding our liquidity , fi nancial position and sources and uses of funds .
credit terms we extend to our customers can vary from cash on delivery to 30 days or more based on our assessment of each customer 2019s credit worthiness .
we monitor each customer 2019s account and will suspend shipments if necessary .
a majority of our sales orders are fi lled within 24 hours of when customer orders are placed .
we generally maintain inventory on hand to be able to meet customer demand .
the level of inventory on hand will vary by product depending on shelf-life , supplier order fulfi llment lead times and customer demand .
we also make purchases of additional volumes of certain products based on supply or pricing opportunities .
we take advantage of suppliers 2019 cash discounts where appropriate and otherwise generally receive payment terms from our suppliers ranging from weekly to 30 days or more. .
Question: what was the change in restaurants percentage of sales from 2012 to 2013?
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-2%
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Please answer the question based on all the information provided below:
Document: MKTX/2009/page_79.pdf
ID: MKTX/2009/page_79.pdf-1
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table of contents marketaxess holdings inc .
notes to consolidated financial statements 2014 ( continued ) of this standard had no material effect on the company 2019s consolidated statements of financial condition and consolidated statements of operations .
reclassifications certain reclassifications have been made to the prior years 2019 financial statements in order to conform to the current year presentation .
such reclassifications had no effect on previously reported net income .
on march 5 , 2008 , the company acquired all of the outstanding capital stock of greenline financial technologies , inc .
( 201cgreenline 201d ) , an illinois-based provider of integration , testing and management solutions for fix-related products and services designed to optimize electronic trading of fixed-income , equity and other exchange-based products , and approximately ten percent of the outstanding capital stock of tradehelm , inc. , a delaware corporation that was spun-out from greenline immediately prior to the acquisition .
the acquisition of greenline broadens the range of technology services that the company offers to institutional financial markets , provides an expansion of the company 2019s client base , including global exchanges and hedge funds , and further diversifies the company 2019s revenues beyond the core electronic credit trading products .
the results of operations of greenline are included in the consolidated financial statements from the date of the acquisition .
the aggregate consideration for the greenline acquisition was $ 41.1 million , comprised of $ 34.7 million in cash , 725923 shares of common stock valued at $ 5.8 million and $ 0.6 million of acquisition-related costs .
in addition , the sellers were eligible to receive up to an aggregate of $ 3.0 million in cash , subject to greenline attaining certain earn- out targets in 2008 and 2009 .
a total of $ 1.4 million was paid to the sellers in 2009 based on the 2008 earn-out target , bringing the aggregate consideration to $ 42.4 million .
the 2009 earn-out target was not met .
a total of $ 2.0 million of the purchase price , which had been deposited into escrow accounts to satisfy potential indemnity claims , was distributed to the sellers in march 2009 .
the shares of common stock issued to each selling shareholder of greenline were released in two equal installments on december 20 , 2008 and december 20 , 2009 , respectively .
the value ascribed to the shares was discounted from the market value to reflect the non-marketability of such shares during the restriction period .
the purchase price allocation is as follows ( in thousands ) : the amortizable intangibles include $ 3.2 million of acquired technology , $ 3.3 million of customer relationships , $ 1.3 million of non-competition agreements and $ 0.5 million of tradenames .
useful lives of ten years and five years have been assigned to the customer relationships intangible and all other amortizable intangibles , respectively .
the identifiable intangible assets and goodwill are not deductible for tax purposes .
the following unaudited pro forma consolidated financial information reflects the results of operations of the company for the years ended december 31 , 2008 and 2007 , as if the acquisition of greenline had occurred as of the beginning of the period presented , after giving effect to certain purchase accounting adjustments .
these pro forma results are not necessarily indicative of what the company 2019s operating results would have been had the acquisition actually taken place as of the beginning of the earliest period presented .
the pro forma financial information 3 .
acquisitions .
Table Data:
[['cash', '$ 6406'], ['accounts receivable', '2139'], ['amortizable intangibles', '8330'], ['goodwill', '29405'], ['deferred tax assets net', '3410'], ['other assets including investment in tradehelm', '1429'], ['accounts payable accrued expenses and deferred revenue', '-8701 ( 8701 )'], ['total purchase price', '$ 42418']]
Following Text:
.
Question: what percentage of the aggregate consideration for the greenline acquisition was paid to the sellers in 2009 based on the 2008 earn-out target?
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3.3%
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Please answer the question based on all the information provided below:
Document: HOLX/2007/page_154.pdf
ID: HOLX/2007/page_154.pdf-1
Previous Text:
hologic , inc .
notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) failure of the company to develop new products and product enhancements on a timely basis or within budget could harm the company 2019s results of operations and financial condition .
for additional risks that may affect the company 2019s business and prospects following completion of the merger , see 201crisk factors 201d in item 1a of the company 2019s form 10-k for the year ended september 29 , 2007 .
goodwill the preliminary purchase price allocation has resulted in goodwill of approximately $ 3895100 .
the factors contributing to the recognition of this amount of goodwill are based upon several strategic and synergistic benefits that are expected to be realized from the combination .
these benefits include the expectation that the company 2019s complementary products and technologies will create a leading women 2019s healthcare company with an enhanced presence in hospitals , private practices and healthcare organizations .
the company also expects to realize substantial synergies through the use of cytyc 2019s ob/gyn and breast surgeon sales channel to cross-sell the company 2019s existing and future products .
the merger provides the company broader channel coverage within the united states and expanded geographic reach internationally , as well as increased scale and scope for further expanding operations through product development and complementary strategic transactions .
supplemental unaudited pro-forma information the following unaudited pro forma information presents the consolidated results of operations of the company and cytyc as if the acquisitions had occurred at the beginning of fiscal 2007 , with pro forma adjustments to give effect to amortization of intangible assets , an increase in interest expense on acquisition financing and certain other adjustments together with related tax effects: .
Table Data:
[['( approximate amounts in thousands except per share data )', '2007'], ['net revenue', '$ 1472400'], ['net income', '$ 62600'], ['net income per share 2014basic', '$ 0.52'], ['net income per share 2014assuming dilution', '$ 0.50']]
Following Text:
the $ 368200 charge for acquired in-process research and development that was a direct result of the transaction is excluded from the unaudited pro forma information above .
the unaudited pro forma results are not necessarily indicative of the results that the company would have attained had the acquisitions of cytyc occurred at the beginning of the periods presented .
prior to the close of the merger the board of directors of both hologic and cytyc approved a modification to certain outstanding equity awards for cytyc employees .
the modification provided for the acceleration of vesting upon the close of merger for those awards that did not provide for acceleration upon a change of control as part of the original terms of the award .
this modification was made so that the company will not incur stock based compensation charges that it otherwise would have if the awards had continued to vest under their original terms .
credit agreement on october 22 , 2007 , company and certain of its domestic subsidiaries , entered into a senior secured credit agreement with goldman sachs credit partners l.p .
and certain other lenders , ( collectively , the 201clenders 201d ) .
pursuant to the terms and conditions of the credit agreement , the lenders have committed to provide senior secured financing in an aggregate amount of up to $ 2550000 .
as of the closing of the cytyc merger , the company borrowed $ 2350000 under the credit facilities. .
Question: what would be the net profit margin in 2007 assuming that acquisitions of the company and cytyc at the beginning of fiscal 2007?
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4.3%
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Please answer the question based on all the information provided below:
Document: ADI/2009/page_49.pdf
ID: ADI/2009/page_49.pdf-2
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interest rate to a variable interest rate based on the three-month libor plus 2.05% ( 2.05 % ) ( 2.34% ( 2.34 % ) as of october 31 , 2009 ) .
if libor changes by 100 basis points , our annual interest expense would change by $ 3.8 million .
foreign currency exposure as more fully described in note 2i .
in the notes to consolidated financial statements contained in item 8 of this annual report on form 10-k , we regularly hedge our non-u.s .
dollar-based exposures by entering into forward foreign currency exchange contracts .
the terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months .
currently , our largest foreign currency exposure is the euro , primarily because our european operations have the highest proportion of our local currency denominated expenses .
relative to foreign currency exposures existing at october 31 , 2009 and november 1 , 2008 , a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates over the course of the year would not expose us to significant losses in earnings or cash flows because we hedge a high proportion of our year-end exposures against fluctuations in foreign currency exchange rates .
the market risk associated with our derivative instruments results from currency exchange rate or interest rate movements that are expected to offset the market risk of the underlying transactions , assets and liabilities being hedged .
the counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings .
we do not believe that there is significant risk of nonperformance by these counterparties because we continually monitor the credit ratings of such counterparties .
while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions , they do not represent the amount of our exposure to credit risk .
the amounts potentially subject to credit risk ( arising from the possible inability of counterparties to meet the terms of their contracts ) are generally limited to the amounts , if any , by which the counterparties 2019 obligations under the contracts exceed our obligations to the counterparties .
the following table illustrates the effect that a 10% ( 10 % ) unfavorable or favorable movement in foreign currency exchange rates , relative to the u.s .
dollar , would have on the fair value of our forward exchange contracts as of october 31 , 2009 and november 1 , 2008: .
Table Data:
[['', 'october 31 2009', 'november 1 2008'], ['fair value of forward exchange contracts asset ( liability )', '$ 6427', '$ -23158 ( 23158 )'], ['fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset ( liability )', '$ 20132', '$ -9457 ( 9457 )'], ['fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability', '$ -6781 ( 6781 )', '$ -38294 ( 38294 )']]
Following Text:
fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset ( liability ) .
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$ 20132 $ ( 9457 ) fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability .
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$ ( 6781 ) $ ( 38294 ) the calculation assumes that each exchange rate would change in the same direction relative to the u.s .
dollar .
in addition to the direct effects of changes in exchange rates , such changes typically affect the volume of sales or the foreign currency sales price as competitors 2019 products become more or less attractive .
our sensitivity analysis of the effects of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency selling prices. .
Question: what is the lobor rate as of october 31 , 2009?
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29.0%
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Please answer the question based on all the information provided below:
Document: HST/2018/page_115.pdf
ID: HST/2018/page_115.pdf-2
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host hotels & resorts , inc. , host hotels & resorts , l.p. , and subsidiaries notes to consolidated financial statements 1 .
summary of significant accounting policies description of business host hotels & resorts , inc .
operates as a self-managed and self-administered real estate investment trust , or reit , with its operations conducted solely through host hotels & resorts , l.p .
host hotels & resorts , l.p. , a delaware limited partnership , operates through an umbrella partnership structure , with host hotels & resorts , inc. , a maryland corporation , as its sole general partner .
in the notes to the consolidated financial statements , we use the terms 201cwe 201d or 201cour 201d to refer to host hotels & resorts , inc .
and host hotels & resorts , l.p .
together , unless the context indicates otherwise .
we also use the term 201chost inc . 201d to refer specifically to host hotels & resorts , inc .
and the term 201chost l.p . 201d to refer specifically to host hotels & resorts , l.p .
in cases where it is important to distinguish between host inc .
and host l.p .
host inc .
holds approximately 99% ( 99 % ) of host l.p . 2019s partnership interests , or op units .
consolidated portfolio as of december 31 , 2018 , the hotels in our consolidated portfolio are in the following countries: .
Table Data:
[['', 'hotels'], ['united states', '88'], ['brazil', '3'], ['canada', '2'], ['total', '93']]
Following Text:
basis of presentation and principles of consolidation the accompanying consolidated financial statements include the consolidated accounts of host inc. , host l.p .
and their subsidiaries and controlled affiliates , including joint ventures and partnerships .
we consolidate subsidiaries when we have the ability to control them .
for the majority of our hotel and real estate investments , we consider those control rights to be ( i ) approval or amendment of developments plans , ( ii ) financing decisions , ( iii ) approval or amendments of operating budgets , and ( iv ) investment strategy decisions .
we also evaluate our subsidiaries to determine if they are variable interest entities ( 201cvies 201d ) .
if a subsidiary is a vie , it is subject to the consolidation framework specifically for vies .
typically , the entity that has the power to direct the activities that most significantly impact economic performance consolidates the vie .
we consider an entity to be a vie if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support .
we review our subsidiaries and affiliates at least annually to determine if ( i ) they should be considered vies , and ( ii ) whether we should change our consolidation determination based on changes in the characteristics thereof .
three partnerships are considered vie 2019s , as the general partner maintains control over the decisions that most significantly impact the partnerships .
the first vie is the operating partnership , host l.p. , which is consolidated by host inc. , of which host inc .
is the general partner and holds 99% ( 99 % ) of the limited partner interests .
host inc . 2019s sole significant asset is its investment in host l.p .
and substantially all of host inc . 2019s assets and liabilities represent assets and liabilities of host l.p .
all of host inc . 2019s debt is an obligation of host l.p .
and may be settled only with assets of host l.p .
the consolidated partnership that owns the houston airport marriott at george bush intercontinental , of which we are the general partner and hold 85% ( 85 % ) of the partnership interests , also is a vie .
the total assets of this vie at december 31 , 2018 are $ 48 million and consist primarily of cash and .
Question: as of december 31 , 2018what was the percent of the hotels in our consolidated portfolio in the us
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95%
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Please answer the question based on all the information provided below:
Document: APTV/2016/page_44.pdf
ID: APTV/2016/page_44.pdf-3
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taxing authorities could challenge our historical and future tax positions .
our future effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory rates and changes in tax laws or their interpretation including changes related to tax holidays or tax incentives .
our taxes could increase if certain tax holidays or incentives are not renewed upon expiration , or if tax rates or regimes applicable to us in such jurisdictions are otherwise increased .
the amount of tax we pay is subject to our interpretation of applicable tax laws in the jurisdictions in which we file .
we have taken and will continue to take tax positions based on our interpretation of such tax laws .
in particular , we will seek to organize and operate ourselves in such a way that we are and remain tax resident in the united kingdom .
additionally , in determining the adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations .
while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur .
while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes .
should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition .
item 1b .
unresolved staff comments we have no unresolved sec staff comments to report .
item 2 .
properties as of december 31 , 2016 , we owned or leased 126 major manufacturing sites and 15 major technical centers .
a manufacturing site may include multiple plants and may be wholly or partially owned or leased .
we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .
we have a presence in 46 countries .
the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
Table Data:
[['', 'north america', 'europemiddle east& africa', 'asia pacific', 'south america', 'total'], ['electrical/electronic architecture', '32', '34', '25', '5', '96'], ['powertrain systems', '4', '8', '5', '1', '18'], ['electronics and safety', '3', '6', '3', '2014', '12'], ['total', '39', '48', '33', '6', '126']]
Following Text:
in addition to these manufacturing sites , we had 15 major technical centers : five in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america .
of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 75 are primarily owned and 66 are primarily leased .
we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .
we believe our evolving portfolio will meet current and anticipated future needs .
item 3 .
legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .
it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .
with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .
however , the final amounts required to resolve these matters could differ materially from our recorded estimates. .
Question: what is the percentage of electronics and safety sites among all sites?
|
9.52%
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Please answer the question based on all the information provided below:
Document: APD/2019/page_108.pdf
ID: APD/2019/page_108.pdf-2
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the descriptions and fair value methodologies for the u.s .
and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity .
equity securities equity securities are valued at the closing market price reported on a u.s .
or international exchange where the security is actively traded and are therefore classified as level 1 assets .
equity mutual and pooled funds shares of mutual funds are valued at the nav of the fund and are classified as level 1 assets .
units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets .
corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings .
other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments .
securities and interests classified as level 3 assets are carried at the estimated fair value .
the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity .
insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value .
the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability .
contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2019 were $ 40.2 .
contributions for funded plans resulted primarily from contractual and regulatory requirements .
benefit payments to unfunded plans were due primarily to the timing of retirements .
we anticipate contributing $ 30 to $ 40 to the defined benefit pension plans in fiscal year 2020 .
these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements .
projected benefit payments , which reflect expected future service , are as follows: .
Table Data:
[['', 'u.s .', 'international'], ['2020', '$ 166.8', '$ 47.9'], ['2021', '160.0', '49.1'], ['2022', '166.0', '50.1'], ['2023', '170.1', '54.3'], ['2024', '174.1', '58.0'], ['2025-2029', '919.9', '308.3']]
Following Text:
these estimated benefit payments are based on assumptions about future events .
actual benefit payments may vary significantly from these estimates. .
Question: considering the international projected benefit payments , what is the average yearly projection of the 2025-2029 period?
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61.66
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Please answer the question based on all the information provided below:
Document: HWM/2015/page_72.pdf
ID: HWM/2015/page_72.pdf-1
Previous Text:
part ii item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .
the company 2019s common stock is listed on the new york stock exchange where it trades under the symbol aa .
the company 2019s quarterly high and low trading stock prices and dividends per common share for 2015 and 2014 are shown below. .
Table Data:
[['quarter', '2015 high', '2015 low', '2015 dividend', '2015 high', '2015 low', 'dividend'], ['first', '$ 17.10', '$ 12.65', '$ 0.03', '$ 12.97', '$ 9.82', '$ 0.03'], ['second', '14.29', '11.15', '0.03', '15.18', '12.34', '0.03'], ['third', '11.23', '7.97', '0.03', '17.36', '14.56', '0.03'], ['fourth', '11.18', '7.81', '0.03', '17.75', '13.71', '0.03'], ['year', '17.10', '7.81', '$ 0.12', '17.75', '9.82', '$ 0.12']]
Following Text:
the number of holders of record of common stock was approximately 10101 as of february 11 , 2016. .
Question: what is the decrease observed in the high trading stock prices in the first and second quarters in 2015?
|
2.81
|
Please answer the question based on all the information provided below:
Document: VTR/2007/page_48.pdf
ID: VTR/2007/page_48.pdf-2
Previous Text:
stock performance graph the following performance graph compares the cumulative total return ( including dividends ) to the holders of our common stock from december 31 , 2002 through december 31 , 2007 , with the cumulative total returns of the nyse composite index , the ftse nareit composite reit index ( the 201call reit index 201d ) , the ftse nareit healthcare equity reit index ( the 201chealthcare reit index 201d ) and the russell 1000 index over the same period .
the comparison assumes $ 100 was invested on december 31 , 2002 in our common stock and in each of the foregoing indices and assumes reinvestment of dividends , as applicable .
we have included the nyse composite index in the performance graph because our common stock is listed on the nyse .
we have included the other indices because we believe that they are either most representative of the industry in which we compete , or otherwise provide a fair basis for comparison with ventas , and are therefore particularly relevant to an assessment of our performance .
the figures in the table below are rounded to the nearest dollar. .
Table Data:
[['', '12/31/2002', '12/31/2003', '12/31/2004', '12/31/2005', '12/31/2006', '12/31/2007'], ['ventas', '$ 100', '$ 206', '$ 270', '$ 331', '$ 457', '$ 512'], ['nyse composite index', '$ 100', '$ 132', '$ 151', '$ 166', '$ 200', '$ 217'], ['all reit index', '$ 100', '$ 138', '$ 181', '$ 196', '$ 262', '$ 215'], ['healthcare reit index', '$ 100', '$ 154', '$ 186', '$ 189', '$ 273', '$ 279'], ['russell 1000 index', '$ 100', '$ 130', '$ 145', '$ 154', '$ 178', '$ 188']]
Following Text:
ventas nyse composite index all reit index healthcare reit index russell 1000 index .
Question: what was the 5 year return on the nyse composite index?
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117%
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Please answer the question based on all the information provided below:
Document: BKR/2018/page_59.pdf
ID: BKR/2018/page_59.pdf-2
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bhge 2018 form 10-k | 39 outstanding under the commercial paper program .
the maximum combined borrowing at any time under both the 2017 credit agreement and the commercial paper program is $ 3 billion .
if market conditions were to change and our revenue was reduced significantly or operating costs were to increase , our cash flows and liquidity could be reduced .
additionally , it could cause the rating agencies to lower our credit rating .
there are no ratings triggers that would accelerate the maturity of any borrowings under our committed credit facility .
however , a downgrade in our credit ratings could increase the cost of borrowings under the credit facility and could also limit or preclude our ability to issue commercial paper .
should this occur , we could seek alternative sources of funding , including borrowing under the credit facility .
during the year ended december 31 , 2018 , we used cash to fund a variety of activities including certain working capital needs and restructuring costs , capital expenditures , the repayment of debt , payment of dividends , distributions to ge and share repurchases .
we believe that cash on hand , cash flows generated from operations and the available credit facility will provide sufficient liquidity to manage our global cash needs .
cash flows cash flows provided by ( used in ) each type of activity were as follows for the years ended december 31: .
Table Data:
[['( in millions )', '2018', '2017', '2016'], ['operating activities', '$ 1762', '$ -799 ( 799 )', '$ 262'], ['investing activities', '-578 ( 578 )', '-4123 ( 4123 )', '-472 ( 472 )'], ['financing activities', '-4363 ( 4363 )', '10919', '-102 ( 102 )']]
Following Text:
operating activities our largest source of operating cash is payments from customers , of which the largest component is collecting cash related to product or services sales including advance payments or progress collections for work to be performed .
the primary use of operating cash is to pay our suppliers , employees , tax authorities and others for a wide range of material and services .
cash flows from operating activities generated cash of $ 1762 million and used cash of $ 799 million for the years ended december 31 , 2018 and 2017 , respectively .
cash flows from operating activities increased $ 2561 million in 2018 primarily driven by better operating performance .
these cash inflows were supported by strong working capital cash flows , especially in the fourth quarter of 2018 , including approximately $ 300 million for a progress collection payment from a customer .
included in our cash flows from operating activities for 2018 and 2017 are payments of $ 473 million and $ 612 million , respectively , made primarily for employee severance as a result of our restructuring activities and merger and related costs .
cash flows from operating activities used $ 799 million and generated $ 262 million for the years ended december 31 , 2017 and 2016 , respectively .
cash flows from operating activities decreased $ 1061 million in 2017 primarily driven by a $ 1201 million negative impact from ending our receivables monetization program in the fourth quarter , and restructuring related payments throughout the year .
these cash outflows were partially offset by strong working capital cash flows , especially in the fourth quarter of 2017 .
included in our cash flows from operating activities for 2017 and 2016 are payments of $ 612 million and $ 177 million , respectively , made for employee severance as a result of our restructuring activities and merger and related costs .
investing activities cash flows from investing activities used cash of $ 578 million , $ 4123 million and $ 472 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively .
our principal recurring investing activity is the funding of capital expenditures to ensure that we have the appropriate levels and types of machinery and equipment in place to generate revenue from operations .
expenditures for capital assets totaled $ 995 million , $ 665 million and $ 424 million for 2018 , 2017 and 2016 , respectively , partially offset by cash flows from the sale of property , plant and equipment of $ 458 million , $ 172 million and $ 20 million in 2018 , 2017 and 2016 , respectively .
proceeds from the disposal of assets related primarily .
Question: what are the cash flows from the sale of property , plant and equipment in 2018 as a percentage of cash from operating activities in 2018?
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26.0%
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Please answer the question based on all the information provided below:
Document: IP/2018/page_45.pdf
ID: IP/2018/page_45.pdf-1
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other corporate special items in addition , other pre-tax corporate special items totaling $ 30 million , $ 0 million and $ 8 million were recorded in 2018 , 2017 and 2016 , respectively .
details of these charges were as follows : other corporate items .
Table Data:
[['in millions', '2018', '2017', '2016'], ['smurfit-kappa acquisition proposal costs', '$ 12', '$ 2014', '$ 2014'], ['environmental remediation reserve adjustment', '9', '2014', '2014'], ['legal settlement', '9', '2014', '2014'], ['write-off of certain regulatory pre-engineering costs', '2014', '2014', '8'], ['total', '$ 30', '$ 2014', '$ 8']]
Following Text:
impairments of goodwill no goodwill impairment charges were recorded in 2018 , 2017 or 2016 .
net losses on sales and impairments of businesses net losses on sales and impairments of businesses included in special items totaled a pre-tax loss of $ 122 million in 2018 related to the impairment of an intangible asset and fixed assets in the brazil packaging business , a pre-tax loss of $ 9 million in 2017 related to the write down of the long-lived assets of the company's asia foodservice business to fair value and a pre-tax loss of $ 70 million related to severance and the impairment of the ip asia packaging business in 2016 .
see note 8 divestitures and impairments on pages 54 and 55 of item 8 .
financial statements and supplementary data for further discussion .
description of business segments international paper 2019s business segments discussed below are consistent with the internal structure used to manage these businesses .
all segments are differentiated on a common product , common customer basis consistent with the business segmentation generally used in the forest products industry .
industrial packaging international paper is the largest manufacturer of containerboard in the united states .
our u.s .
production capacity is over 13 million tons annually .
our products include linerboard , medium , whitetop , recycled linerboard , recycled medium and saturating kraft .
about 80% ( 80 % ) of our production is converted into corrugated boxes and other packaging by our 179 north american container plants .
additionally , we recycle approximately one million tons of occ and mixed and white paper through our 18 recycling plants .
our container plants are supported by regional design centers , which offer total packaging solutions and supply chain initiatives .
in emea , our operations include one recycled fiber containerboard mill in morocco , a recycled containerboard mill in spain and 26 container plants in france , italy , spain , morocco and turkey .
in brazil , our operations include three containerboard mills and four box plants .
international paper also produces high quality coated paperboard for a variety of packaging end uses with 428000 tons of annual capacity at our mills in poland and russia .
global cellulose fibers our cellulose fibers product portfolio includes fluff , market and specialty pulps .
international paper is the largest producer of fluff pulp which is used to make absorbent hygiene products like baby diapers , feminine care , adult incontinence and other non-woven products .
our market pulp is used for tissue and paper products .
we continue to invest in exploring new innovative uses for our products , such as our specialty pulps , which are used for non-absorbent end uses including textiles , filtration , construction material , paints and coatings , reinforced plastics and more .
our products are made in the united states , canada , france , poland , and russia and are sold around the world .
international paper facilities have annual dried pulp capacity of about 4 million metric tons .
printing papers international paper is one of the world 2019s largest producers of printing and writing papers .
the primary product in this segment is uncoated papers .
this business produces papers for use in copiers , desktop and laser printers and digital imaging .
end-use applications include advertising and promotional materials such as brochures , pamphlets , greeting cards , books , annual reports and direct mail .
uncoated papers also produces a variety of grades that are converted by our customers into envelopes , tablets , business forms and file folders .
uncoated papers are sold under private label and international paper brand names that include hammermill , springhill , williamsburg , postmark , accent , great white , chamex , ballet , rey , pol , and svetocopy .
the mills producing uncoated papers are located in the united states , france , poland , russia , brazil and india .
the mills have uncoated paper production capacity of over 4 million tons annually .
brazilian operations function through international paper do brasil , ltda , which owns or manages approximately 329000 acres of forestlands in brazil. .
Question: considering the other corporate special items in addition , what is the variation observed in the other pre-tax corporate special items during 2017 and 2018 , in millions of dollars?
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30
|
Please answer the question based on all the information provided below:
Document: CMCSA/2008/page_59.pdf
ID: CMCSA/2008/page_59.pdf-4
Previous Text:
llc 201d ) , that will focus on the deployment of a nationwide 4g wire- less network .
we , together with the other members of the investor group , have invested $ 3.2 billion in clearwire llc .
our portion of the investment was $ 1.05 billion .
as a result of our investment , we received ownership units ( 201cownership units 201d ) of clearwire llc and class b stock ( 201cvoting stock 201d ) of clearwire corporation , the pub- licly traded holding company that controls clearwire llc .
the voting stock has voting rights equal to those of the publicly traded class a stock of clearwire corporation , but has only minimal economic rights .
we hold our economic rights through the owner- ship units , which have limited voting rights .
one ownership unit combined with one share of voting stock are exchangeable into one share of clearwire corporation 2019s publicly traded class a stock .
at closing , we received 52.5 million ownership units and 52.5 million shares of voting stock , which represents an approx- imate 7% ( 7 % ) ownership interest on a fully diluted basis .
during the first quarter of 2009 , the purchase price per share is expected to be adjusted based on the trading prices of clearwire corporation 2019s publicly traded class a stock .
after the post-closing adjustment , we anticipate that we will have an approximate 8% ( 8 % ) ownership interest on a fully diluted basis .
in connection with the clearwire transaction , we entered into an agreement with sprint that allows us to offer wireless services utilizing certain of sprint 2019s existing wireless networks and an agreement with clearwire llc that allows us to offer wireless serv- ices utilizing clearwire 2019s next generation wireless broadband network .
we allocated a portion of our $ 1.05 billion investment to the related agreements .
we will account for our investment under the equity method and record our share of net income or loss one quarter in arrears .
clearwire llc is expected to incur losses in the early years of operation , which under the equity method of accounting , will be reflected in our future operating results and reduce the cost basis of our investment .
we evaluated our investment at december 31 , 2008 to determine if an other than temporary decline in fair value below our cost basis had occurred .
the primary input in estimating the fair value of our investment was the quoted market value of clearwire publicly traded class a shares at december 31 , 2008 , which declined significantly from the date of our initial agreement in may 2008 .
as a result of the severe decline in the quoted market value , we recognized an impairment in other income ( expense ) of $ 600 million to adjust our cost basis in our investment to its esti- mated fair value .
in the future , our evaluation of other than temporary declines in fair value of our investment will include a comparison of actual operating results and updated forecasts to the projected discounted cash flows that were used in making our initial investment decision , other impairment indicators , such as changes in competition or technology , as well as a comparison to the value that would be obtained by exchanging our investment into clearwire corporation 2019s publicly traded class a shares .
cost method airtouch communications , inc .
we hold two series of preferred stock of airtouch communica- tions , inc .
( 201cairtouch 201d ) , a subsidiary of vodafone , which are redeemable in april 2020 .
as of december 31 , 2008 and 2007 , the airtouch preferred stock was recorded at $ 1.479 billion and $ 1.465 billion , respectively .
as of december 31 , 2008 , the estimated fair value of the airtouch preferred stock was $ 1.357 billion , which is below our carrying amount .
the recent decline in fair value is attributable to changes in interest rates .
we have determined this decline to be temporary .
the factors considered were the length of time and the extent to which the market value has been less than cost , the credit rating of airtouch , and our intent and ability to retain the investment for a period of time sufficient to allow for recovery .
specifically , we expect to hold the two series of airtouch preferred stock until their redemption in 2020 .
the dividend and redemption activity of the airtouch preferred stock determines the dividend and redemption payments asso- ciated with substantially all of the preferred shares issued by one of our consolidated subsidiaries , which is a vie .
the subsidiary has three series of preferred stock outstanding with an aggregate redemption value of $ 1.750 billion .
substantially all of the preferred shares are redeemable in april 2020 at a redemption value of $ 1.650 billion .
as of december 31 , 2008 and 2007 , the two redeemable series of subsidiary preferred shares were recorded at $ 1.468 billion and $ 1.465 billion , respectively , and those amounts are included in other noncurrent liabilities .
the one nonredeemable series of subsidiary preferred shares was recorded at $ 100 million as of both december 31 , 2008 and 2007 and those amounts are included in minority interest on our consolidated balance sheet .
investment income ( loss ) , net .
Table Data:
[['year ended december 31 ( in millions )', '2008', '2007', '2006'], ['gains on sales and exchanges of investments net', '$ 8', '$ 151', '$ 733'], ['investment impairment losses', '-28 ( 28 )', '-4 ( 4 )', '-4 ( 4 )'], ['unrealized gains ( losses ) on trading securities and hedged items', '-1117 ( 1117 )', '315', '339'], ['mark to market adjustments on derivatives related to trading securities and hedged items', '1120', '-188 ( 188 )', '-238 ( 238 )'], ['mark to market adjustments on derivatives', '57', '160', '-18 ( 18 )'], ['interest and dividend income', '149', '199', '212'], ['other', '-100 ( 100 )', '-32 ( 32 )', '-34 ( 34 )'], ['investment income ( loss ) net', '$ 89', '$ 601', '$ 990']]
Following Text:
55 comcast 2008 annual report on form 10-k .
Question: what was the percent of our investment in clearwire compared to other investors
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32.8%
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Please answer the question based on all the information provided below:
Document: LKQ/2018/page_93.pdf
ID: LKQ/2018/page_93.pdf-1
Previous Text:
we have not capitalized any stock-based compensation costs during the years ended december 31 , 2018 , 2017 , and as of december 31 , 2018 , unrecognized compensation expense related to unvested rsus is expected to be recognized as follows ( in thousands ) : .
Table Data:
[['', 'rsus'], ['2019', '$ 15166'], ['2020', '9715'], ['2021', '6315'], ['2022', '3458'], ['2023', '150'], ['total unrecognized compensation expense', '$ 34804']]
Following Text:
stock-based compensation expense related to these awards will be different to the extent that forfeitures are realized. .
Question: in 2018 what was the percent of the total unrecognized compensation expense due in 2020
|
27.9%
|
Please answer the question based on all the information provided below:
Document: L/2016/page_62.pdf
ID: L/2016/page_62.pdf-2
Previous Text:
item 5 .
market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2016 .
the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2011 and that all dividends were reinvested. .
Table Data:
[['', '2011', '2012', '2013', '2014', '2015', '2016'], ['loews common stock', '100.0', '108.91', '129.64', '113.59', '104.47', '128.19'], ['s&p 500 index', '100.0', '116.00', '153.57', '174.60', '177.01', '198.18'], ['loews peer group ( a )', '100.0', '113.39', '142.85', '150.44', '142.44', '165.34']]
Following Text:
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : chubb limited ( name change from ace limited after it acquired the chubb corporation on january 15 , 2016 ) , w.r .
berkley corporation , the chubb corporation ( included through january 15 , 2016 when it was acquired by ace limited ) , energy transfer partners l.p. , ensco plc , the hartford financial services group , inc. , kinder morgan energy partners , l.p .
( included through november 26 , 2014 when it was acquired by kinder morgan inc. ) , noble corporation , spectra energy corp , transocean ltd .
and the travelers companies , inc .
dividend information we have paid quarterly cash dividends in each year since 1967 .
regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2016 and 2015. .
Question: what is the roi of an investment in s&p500 index from 2011 to 2012?
|
16%
|
Please answer the question based on all the information provided below:
Document: SWKS/2012/page_116.pdf
ID: SWKS/2012/page_116.pdf-4
Previous Text:
skyworks solutions , inc .
notes to consolidated financial statements 2014 ( continued ) maintained a valuation allowance of $ 47.0 million .
this valuation allowance is comprised of $ 33.6 million related to u.s .
state tax credits , of which $ 3.6 million are state tax credits acquired from aati in fiscal year 2012 , and $ 13.4 million related to foreign deferred tax assets .
if these benefits are recognized in a future period the valuation allowance on deferred tax assets will be reversed and up to a $ 46.6 million income tax benefit , and up to a $ 0.4 million reduction to goodwill may be recognized .
the company will need to generate $ 209.0 million of future united states federal taxable income to utilize our united states deferred tax assets as of september 28 , 2012 .
deferred tax assets are recognized for foreign operations when management believes it is more likely than not that the deferred tax assets will be recovered during the carry forward period .
the company will continue to assess its valuation allowance in future periods .
as of september 28 , 2012 , the company has united states federal net operating loss carry forwards of approximately $ 74.3 million , including $ 29.5 million related to the acquisition of sige , which will expire at various dates through 2030 and $ 28.1 million related to the acquisition of aati , which will expire at various dates through 2031 .
the utilization of these net operating losses is subject to certain annual limitations as required under internal revenue code section 382 and similar state income tax provisions .
the company also has united states federal income tax credit carry forwards of $ 37.8 million , of which $ 30.4 million of federal income tax credit carry forwards have not been recorded as a deferred tax asset .
the company also has state income tax credit carry forwards of $ 33.6 million , for which the company has provided a valuation allowance .
the united states federal tax credits expire at various dates through 2032 .
the state tax credits relate primarily to california research tax credits which can be carried forward indefinitely .
the company has continued to expand its operations and increase its investments in numerous international jurisdictions .
these activities will increase the company 2019s earnings attributable to foreign jurisdictions .
as of september 28 , 2012 , no provision has been made for united states federal , state , or additional foreign income taxes related to approximately $ 371.5 million of undistributed earnings of foreign subsidiaries which have been or are intended to be permanently reinvested .
it is not practicable to determine the united states federal income tax liability , if any , which would be payable if such earnings were not permanently reinvested .
the company 2019s gross unrecognized tax benefits totaled $ 52.4 million and $ 32.1 million as of september 28 , 2012 and september 30 , 2011 , respectively .
of the total unrecognized tax benefits at september 28 , 2012 , $ 38.8 million would impact the effective tax rate , if recognized .
the remaining unrecognized tax benefits would not impact the effective tax rate , if recognized , due to the company 2019s valuation allowance and certain positions which were required to be capitalized .
there are no positions which the company anticipates could change within the next twelve months .
a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : unrecognized tax benefits .
Table Data:
[['', 'unrecognized tax benefits'], ['balance at september 30 2011', '$ 32136'], ['increases based on positions related to prior years', '9004'], ['increases based on positions related to current year', '11265'], ['decreases relating to settlements with taxing authorities', '2014'], ['decreases relating to lapses of applicable statutes of limitations', '-25 ( 25 )'], ['balance at september 28 2012', '$ 52380']]
Following Text:
page 114 annual report .
Question: what was the percentage change in the company 2019s gross unrecognized tax benefits from 2011 to 2012
|
63.2%
|
Please answer the question based on all the information provided below:
Document: STT/2006/page_96.pdf
ID: STT/2006/page_96.pdf-1
Previous Text:
for the year ended december 31 , 2005 , we realized net losses of $ 1 million on sales of available-for- sale securities .
unrealized gains of $ 1 million were included in other comprehensive income at december 31 , 2004 , net of deferred taxes of less than $ 1 million , related to these sales .
for the year ended december 31 , 2004 , we realized net gains of $ 26 million on sales of available-for- sale securities .
unrealized gains of $ 11 million were included in other comprehensive income at december 31 , 2003 , net of deferred taxes of $ 7 million , related to these sales .
note 13 .
equity-based compensation the 2006 equity incentive plan was approved by shareholders in april 2006 , and 20000000 shares of common stock were approved for issuance for stock and stock-based awards , including stock options , stock appreciation rights , restricted stock , deferred stock and performance awards .
in addition , up to 8000000 shares from our 1997 equity incentive plan , that were available to issue or become available due to cancellations and forfeitures , may be awarded under the 2006 plan .
the 1997 plan expired on december 18 , 2006 .
as of december 31 , 2006 , 1305420 shares from the 1997 plan have been added to and may be awarded from the 2006 plan .
as of december 31 , 2006 , 106045 awards have been made under the 2006 plan .
we have stock options outstanding from previous plans , including the 1997 plan , under which no further grants can be made .
the exercise price of non-qualified and incentive stock options and stock appreciation rights may not be less than the fair value of such shares at the date of grant .
stock options and stock appreciation rights issued under the 2006 plan and the prior 1997 plan generally vest over four years and expire no later than ten years from the date of grant .
for restricted stock awards issued under the 2006 plan and the prior 1997 plan , stock certificates are issued at the time of grant and recipients have dividend and voting rights .
in general , these grants vest over three years .
for deferred stock awards issued under the 2006 plan and the prior 1997 plan , no stock is issued at the time of grant .
generally , these grants vest over two- , three- or four-year periods .
performance awards granted under the 2006 equity incentive plan and the prior 1997 plan are earned over a performance period based on achievement of goals , generally over two- to three- year periods .
payment for performance awards is made in shares of our common stock or in cash equal to the fair market value of our common stock , based on certain financial ratios after the conclusion of each performance period .
we record compensation expense , equal to the estimated fair value of the options on the grant date , on a straight-line basis over the options 2019 vesting period .
we use a black-scholes option-pricing model to estimate the fair value of the options granted .
the weighted-average assumptions used in connection with the option-pricing model were as follows for the years indicated. .
Table Data:
[['', '2006', '2005', '2004'], ['dividend yield', '1.41% ( 1.41 % )', '1.85% ( 1.85 % )', '1.35% ( 1.35 % )'], ['expected volatility', '26.50', '28.70', '27.10'], ['risk-free interest rate', '4.60', '4.19', '3.02'], ['expected option lives ( in years )', '7.8', '7.8', '5.0']]
Following Text:
compensation expense related to stock options , stock appreciation rights , restricted stock awards , deferred stock awards and performance awards , which we record as a component of salaries and employee benefits expense in our consolidated statement of income , was $ 208 million , $ 110 million and $ 74 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively .
the related total income tax benefit recorded in our consolidated statement of income was $ 83 million , $ 44 million and $ 30 million for 2006 , 2005 and 2004 , respectively .
seq 87 copyarea : 38 .
x 54 .
trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\fc\\delivery_1024177\\2771-1-do_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:11:13 2007 ( v 2.247w--stp1pae18 ) .
Question: by what percent did the risk free interest rate increase between 2004 and 2006?
|
52.32%
|
Please answer the question based on all the information provided below:
Document: SWKS/2010/page_105.pdf
ID: SWKS/2010/page_105.pdf-1
Previous Text:
31mar201122064257 positions which were required to be capitalized .
there are no positions which we anticipate could change materially within the next twelve months .
liquidity and capital resources .
Table Data:
[['( dollars in thousands )', 'fiscal years ended october 1 2010', 'fiscal years ended october 2 2009', 'fiscal years ended october 3 2008'], ['cash and cash equivalents at beginning of period', '$ 364221', '$ 225104', '$ 241577'], ['net cash provided by operating activities', '222962', '218805', '182673'], ['net cash used in investing activities', '-95329 ( 95329 )', '-49528 ( 49528 )', '-94959 ( 94959 )'], ['net cash used in financing activities', '-38597 ( 38597 )', '-30160 ( 30160 )', '-104187 ( 104187 )'], ['cash and cash equivalents at end of period ( 1 )', '$ 453257', '$ 364221', '$ 225104']]
Following Text:
( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities .
for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 .
during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 .
despite the increase in net income , net cash provided by operating activities remained relatively consistent .
this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 .
2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity .
compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively .
cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions .
we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 .
the increase is primarily due to an increase of $ 49.8 million in capital expenditures .
we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate .
cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity .
during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 .
during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument .
2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 .
skyworks / 2010 annual report 103 .
Question: in 2009 what was the percentage change in the liquidity and capital resources
|
61.8%
|
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