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what percent of total contractual obligations is comprised of operating leases?
Important information:
text_0: z i m m e r h o l d i n g s , i n c .
table_3: contractual obligations the operating leases of total is 77.2 ; the operating leases of less than 1 year is 23.0 ; the operating leases of 1 - 3 years is 32.3 ; the operating leases of 4 - 5 years is 9.2 ; the operating leases of after 5 years is 12.7 ;
table_6: contractual obligations the total contractual obligations of total is $ 1552.2 ; the total contractual obligations of less than 1 year is $ 137.6 ; the total contractual obligations of 1 - 3 years is $ 831.2 ; the total contractual obligations of 4 - 5 years is $ 400.0 ; the total contractual obligations of after 5 years is $ 183.4 ;
Reasoning Steps:
Step: divide2-1(77.2, 1552.2) = 5%
Program:
divide(77.2, 1552.2)
Program (Nested):
divide(77.2, 1552.2)
| 0.04974 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k contractual obligations the company has entered into contracts with various third parties in the normal course of business which will require future payments . the following table illustrates the company 2019s contractual obligations : than 1 - 3 4 - 5 after contractual obligations total 1 year years years 5 years .
Table
contractual obligations | total | less than 1 year | 1 - 3 years | 4 - 5 years | after 5 years
long-term debt | $ 1103.0 | $ 100.0 | $ 655.3 | $ 347.7 | $ 2013
capital leases | 6.1 | 1.3 | 3.7 | 1.1 | 2013
operating leases | 77.2 | 23.0 | 32.3 | 9.2 | 12.7
purchase obligations | 13.3 | 13.3 | 2013 | 2013 | 2013
other long-term liabilities | 352.6 | 2013 | 139.9 | 42.0 | 170.7
total contractual obligations | $ 1552.2 | $ 137.6 | $ 831.2 | $ 400.0 | $ 183.4
critical accounting estimates the financial results of the company are affected by the income taxes 2013 the company estimates income selection and application of accounting policies and methods . tax expense and income tax liabilities and assets by taxable significant accounting policies which require management 2019s jurisdiction . realization of deferred tax assets in each taxable judgment are discussed below . jurisdiction is dependent on the company 2019s ability to generate future taxable income sufficient to realize the excess inventory and instruments 2013 the company benefits . the company evaluates deferred tax assets on must determine as of each balance sheet date how much , if an ongoing basis and provides valuation allowances if it is any , of its inventory may ultimately prove to be unsaleable or determined to be 2018 2018more likely than not 2019 2019 that the deferred unsaleable at its carrying cost . similarly , the company must tax benefit will not be realized . federal income taxes are also determine if instruments on hand will be put to provided on the portion of the income of foreign subsidiaries productive use or remain undeployed as a result of excess that is expected to be remitted to the u.s . the company supply . reserves are established to effectively adjust operates within numerous taxing jurisdictions . the company inventory and instruments to net realizable value . to is subject to regulatory review or audit in virtually all of determine the appropriate level of reserves , the company those jurisdictions and those reviews and audits may require evaluates current stock levels in relation to historical and extended periods of time to resolve . the company makes use expected patterns of demand for all of its products and of all available information and makes reasoned judgments instrument systems and components . the basis for the regarding matters requiring interpretation in establishing determination is generally the same for all inventory and tax expense , liabilities and reserves . the company believes instrument items and categories except for work-in-progress adequate provisions exist for income taxes for all periods inventory , which is recorded at cost . obsolete or and jurisdictions subject to review or audit . discontinued items are generally destroyed and completely written off . management evaluates the need for changes to commitments and contingencies 2013 accruals for valuation reserves based on market conditions , competitive product liability and other claims are established with offerings and other factors on a regular basis . centerpulse internal and external counsel based on current information historically applied a similar conceptual framework in and historical settlement information for claims , related fees estimating market value of excess inventory and instruments and for claims incurred but not reported . an actuarial model under international financial reporting standards and is used by the company to assist management in determining u.s . generally accepted accounting principles . within that an appropriate level of accruals for product liability claims . framework , zimmer and centerpulse differed however , in historical patterns of claim loss development over time are certain respects , to their approaches to such estimation . statistically analyzed to arrive at factors which are then following the acquisition , the company determined that a applied to loss estimates in the actuarial model . the amounts consistent approach is necessary to maintaining effective established represent management 2019s best estimate of the control over financial reporting . consideration was given to ultimate costs that it will incur under the various both approaches and the company established a common contingencies . estimation technique taking both prior approaches into account . this change in estimate resulted in a charge to earnings of $ 3.0 million after tax in the fourth quarter . such change is not considered material to the company 2019s financial position , results of operations or cash flows. .
Question:
what percent of total contractual obligations is comprised of operating leases?
Important information:
text_0: z i m m e r h o l d i n g s , i n c .
table_3: contractual obligations the operating leases of total is 77.2 ; the operating leases of less than 1 year is 23.0 ; the operating leases of 1 - 3 years is 32.3 ; the operating leases of 4 - 5 years is 9.2 ; the operating leases of after 5 years is 12.7 ;
table_6: contractual obligations the total contractual obligations of total is $ 1552.2 ; the total contractual obligations of less than 1 year is $ 137.6 ; the total contractual obligations of 1 - 3 years is $ 831.2 ; the total contractual obligations of 4 - 5 years is $ 400.0 ; the total contractual obligations of after 5 years is $ 183.4 ;
Reasoning Steps:
Step: divide2-1(77.2, 1552.2) = 5%
Program:
divide(77.2, 1552.2)
Program (Nested):
divide(77.2, 1552.2)
| finqa4606 |
what was the percent of growth in total net revenues from 2003 to 2004
Important information:
text_5: as a percentage of net revenues , payroll and related costs ( excluding those specifically related to marketing and selling ) increased to 9.6% ( 9.6 % ) in 2005 from 8.9% ( 8.9 % ) in 2004 due to the items described above .
table_5: ( in thousands ) the total net sales of year ended december 31 , 2004 is 200874 ; the total net sales of year ended december 31 , 2003 is 113755 ; the total net sales of year ended december 31 , $ change is 87119 ; the total net sales of year ended december 31 , % ( % ) change is 76.6% ( 76.6 % ) ;
table_7: ( in thousands ) the total net revenues of year ended december 31 , 2004 is $ 205181 ; the total net revenues of year ended december 31 , 2003 is $ 115419 ; the total net revenues of year ended december 31 , $ change is $ 89762 ; the total net revenues of year ended december 31 , % ( % ) change is 77.8% ( 77.8 % ) ;
Reasoning Steps:
Step: minus2-1(205181, 115419) = 89762
Step: divide2-2(#0, 115419) = 77.8%
Program:
subtract(205181, 115419), divide(#0, 115419)
Program (Nested):
divide(subtract(205181, 115419), 115419)
| 0.77771 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2022 selling costs increased $ 5.4 million to $ 17.1 million in 2005 from $ 11.7 million in 2004 . this increase was due to increased headcount in our sales force and startup costs associated with our international growth initiatives . as a percentage of net revenues , selling costs increased to 6.1% ( 6.1 % ) in 2005 from 5.7% ( 5.7 % ) in 2004 due to the increased costs described above . 2022 payroll and related costs ( excluding those specifically related to marketing and selling ) increased $ 8.6 million to $ 26.9 million in 2005 , from $ 18.3 million in 2004 . the increase during 2005 was due to the following initiatives : we began to build our team to design and source our footwear line , which we expect to offer for the fall 2006 season , we added personnel to our information technology team to support our company-wide initiative to upgrade our information systems , we incurred equity compensation costs , we added personnel to operate our 3 new retail outlet stores , and we invested in the personnel needed to enhance our compliance function and operate as a public company . as a percentage of net revenues , payroll and related costs ( excluding those specifically related to marketing and selling ) increased to 9.6% ( 9.6 % ) in 2005 from 8.9% ( 8.9 % ) in 2004 due to the items described above . 2022 other corporate costs increased $ 7.2 million to $ 25.5 million in 2005 , from $ 18.3 million in 2004 . this increase was attributable to higher costs in support of our footwear initiative , freight and duty related to increased canada sales , expansion of our leased corporate office space and distribution facility , and necessary costs associated with being a public company . as a percentage of net revenues , other corporate costs were 9.1% ( 9.1 % ) in 2005 , which is a slight increase from 8.9% ( 8.9 % ) in 2004 due to the items noted above . income from operations increased $ 10.5 million , or 41.4% ( 41.4 % ) , to $ 35.9 million in 2005 from $ 25.4 million in 2004 . income from operations as a percentage of net revenues increased to 12.7% ( 12.7 % ) in 2005 from 12.4% ( 12.4 % ) in 2004 . this increase was a result of an increase in gross margin partially offset by an increase in selling , general and administrative expenses as a percentage of net revenues . interest expense , net increased $ 1.6 million to $ 2.9 million in 2005 from $ 1.3 million in 2004 . this increase was primarily due to higher average borrowings and a higher effective interest rate under our revolving credit facility prior to being repaid in november 2005 with proceeds from the initial public offering . provision for income taxes increased $ 5.5 million to $ 13.3 million in 2005 from $ 7.8 million in 2004 . for the year ended december 31 , 2005 our effective tax rate was 40.2% ( 40.2 % ) compared to 32.3% ( 32.3 % ) in 2004 . this increase was primarily due to an increase in our effective state tax rate , which reflected reduced state tax credits earned as a percentage of income before taxes . net income increased $ 3.4 million to $ 19.7 million in 2005 from $ 16.3 million in 2004 , as a result of the factors described above . year ended december 31 , 2004 compared to year ended december 31 , 2003 net revenues increased $ 89.8 million , or 77.8% ( 77.8 % ) , to $ 205.2 million in 2004 from $ 115.4 million in 2003 . the increase was a result of increases in both our net sales and license revenues as noted in the product category table below. .
Table
( in thousands ) | year ended december 31 , 2004 | year ended december 31 , 2003 | year ended december 31 , $ change | year ended december 31 , % ( % ) change
mens | $ 151962 | $ 92197 | $ 59765 | 64.8% ( 64.8 % )
womens | 28659 | 10968 | 17691 | 161.3% ( 161.3 % )
youth | 12705 | 8518 | 4187 | 49.2% ( 49.2 % )
accessories | 7548 | 2072 | 5476 | 264.3% ( 264.3 % )
total net sales | 200874 | 113755 | 87119 | 76.6% ( 76.6 % )
license revenues | 4307 | 1664 | 2643 | 158.8% ( 158.8 % )
total net revenues | $ 205181 | $ 115419 | $ 89762 | 77.8% ( 77.8 % )
.
Question:
what was the percent of growth in total net revenues from 2003 to 2004
Important information:
text_5: as a percentage of net revenues , payroll and related costs ( excluding those specifically related to marketing and selling ) increased to 9.6% ( 9.6 % ) in 2005 from 8.9% ( 8.9 % ) in 2004 due to the items described above .
table_5: ( in thousands ) the total net sales of year ended december 31 , 2004 is 200874 ; the total net sales of year ended december 31 , 2003 is 113755 ; the total net sales of year ended december 31 , $ change is 87119 ; the total net sales of year ended december 31 , % ( % ) change is 76.6% ( 76.6 % ) ;
table_7: ( in thousands ) the total net revenues of year ended december 31 , 2004 is $ 205181 ; the total net revenues of year ended december 31 , 2003 is $ 115419 ; the total net revenues of year ended december 31 , $ change is $ 89762 ; the total net revenues of year ended december 31 , % ( % ) change is 77.8% ( 77.8 % ) ;
Reasoning Steps:
Step: minus2-1(205181, 115419) = 89762
Step: divide2-2(#0, 115419) = 77.8%
Program:
subtract(205181, 115419), divide(#0, 115419)
Program (Nested):
divide(subtract(205181, 115419), 115419)
| finqa4607 |
what was the percent of the increase in the operating profit as reported from 2016 to 2017
Important information:
table_1: the operating profit as reported of 2017 is $ 1169 ; the operating profit as reported of 2016 is $ 1053 ; the operating profit as reported of 2015 is $ 914 ;
table_4: the operating profit as adjusted of 2017 is $ 1173 ; the operating profit as adjusted of 2016 is $ 1075 ; the operating profit as adjusted of 2015 is $ 927 ;
table_5: the operating profit margins as reported of 2017 is 15.3% ( 15.3 % ) ; the operating profit margins as reported of 2016 is 14.3% ( 14.3 % ) ; the operating profit margins as reported of 2015 is 12.8% ( 12.8 % ) ;
Reasoning Steps:
Step: divide1-1(1169, 1053) = 116
Step: divide1-2(#0, 1053) = 11%
Program:
divide(1169, 1053), divide(#0, 1053)
Program (Nested):
divide(divide(1169, 1053), 1053)
| 0.00105 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 . net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 . net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent . net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent . net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware . net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows . net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products . our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively . the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives . 2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs . selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 . selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs . selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs . the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: .
Table
| 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % )
operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs . operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count . operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs . .......................................................... . .................................................................. . ..................................... . ........................................................ . ............................................ . ............................................. .
Question:
what was the percent of the increase in the operating profit as reported from 2016 to 2017
Important information:
table_1: the operating profit as reported of 2017 is $ 1169 ; the operating profit as reported of 2016 is $ 1053 ; the operating profit as reported of 2015 is $ 914 ;
table_4: the operating profit as adjusted of 2017 is $ 1173 ; the operating profit as adjusted of 2016 is $ 1075 ; the operating profit as adjusted of 2015 is $ 927 ;
table_5: the operating profit margins as reported of 2017 is 15.3% ( 15.3 % ) ; the operating profit margins as reported of 2016 is 14.3% ( 14.3 % ) ; the operating profit margins as reported of 2015 is 12.8% ( 12.8 % ) ;
Reasoning Steps:
Step: divide1-1(1169, 1053) = 116
Step: divide1-2(#0, 1053) = 11%
Program:
divide(1169, 1053), divide(#0, 1053)
Program (Nested):
divide(divide(1169, 1053), 1053)
| finqa4608 |
by what percentage did the cash conversion cycle decrease from dec 31 , 2015 to dec 31 , 2016?
Important information:
text_2: components of our cash conversion cycle are as follows: .
table_4: ( in days ) the cash conversion cycle of december 31 , 2017 is 19 ; the cash conversion cycle of december 31 , 2016 is 19 ; the cash conversion cycle of december 31 , 2015 is 21 ;
text_12: the cash conversion cycle was 19 and 21 days at december 31 , 2016 and 2015 , respectively .
Reasoning Steps:
Step: minus1-1(21, 19) = 2
Step: divide1-2(#0, 21) = 0.095
Step: multiply1-3(#1, const_100) = 9.5
Program:
subtract(21, 19), divide(#0, 21), multiply(#1, const_100)
Program (Nested):
multiply(divide(subtract(21, 19), 21), const_100)
| 9.52381 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents ( 4 ) the increase in cash flows was primarily due to the timing of inventory purchases and longer payment terms with certain vendors . in order to manage our working capital and operating cash needs , we monitor our cash conversion cycle , defined as days of sales outstanding in accounts receivable plus days of supply in inventory minus days of purchases outstanding in accounts payable , based on a rolling three-month average . components of our cash conversion cycle are as follows: .
Table
( in days ) | december 31 , 2017 | december 31 , 2016 | december 31 , 2015
days of sales outstanding ( dso ) ( 1 ) | 52 | 51 | 48
days of supply in inventory ( dio ) ( 2 ) | 12 | 12 | 13
days of purchases outstanding ( dpo ) ( 3 ) | -45 ( 45 ) | -44 ( 44 ) | -40 ( 40 )
cash conversion cycle | 19 | 19 | 21
( 1 ) represents the rolling three-month average of the balance of accounts receivable , net at the end of the period , divided by average daily net sales for the same three-month period . also incorporates components of other miscellaneous receivables . ( 2 ) represents the rolling three-month average of the balance of merchandise inventory at the end of the period divided by average daily cost of sales for the same three-month period . ( 3 ) represents the rolling three-month average of the combined balance of accounts payable-trade , excluding cash overdrafts , and accounts payable-inventory financing at the end of the period divided by average daily cost of sales for the same three-month period . the cash conversion cycle was 19 days at december 31 , 2017 and 2016 . the increase in dso was primarily driven by higher net sales and related accounts receivable for third-party services such as saas , software assurance and warranties . these services have an unfavorable impact on dso as the receivable is recognized on the consolidated balance sheet on a gross basis while the corresponding sales amount in the consolidated statement of operations is recorded on a net basis . this also results in a favorable impact on dpo as the payable is recognized on the consolidated balance sheet without a corresponding cost of sales in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales . in addition , dpo also increased due to the mix of payables with certain vendors that have longer payment terms . the cash conversion cycle was 19 and 21 days at december 31 , 2016 and 2015 , respectively . the increase in dso was primarily driven by higher net sales and related accounts receivable for third-party services such as saas , software assurance and warranties . these services have an unfavorable impact on dso as the receivable is recognized on the balance sheet on a gross basis while the corresponding sales amount in the statement of operations is recorded on a net basis . these services have a favorable impact on dpo as the payable is recognized on the balance sheet without a corresponding cost of sale in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales . in addition to the impact of these services on dpo , dpo also increased due to the mix of payables with certain vendors that have longer payment terms . investing activities net cash used in investing activities increased $ 15 million in 2017 compared to 2016 . capital expenditures increased $ 17 million to $ 81 million from $ 64 million for 2017 and 2016 , respectively , primarily related to improvements to our information technology systems . net cash used in investing activities decreased $ 289 million in 2016 compared to 2015 . the decrease in cash used was primarily due to the completion of the acquisition of cdw uk in 2015 . additionally , capital expenditures decreased $ 26 million to $ 64 million from $ 90 million for 2016 and 2015 , respectively , primarily due to spending for our new office location in 2015 . financing activities net cash used in financing activities increased $ 514 million in 2017 compared to 2016 . the increase was primarily driven by changes in accounts payable-inventory financing , which resulted in an increase in cash used for financing activities of $ 228 million and by share repurchases during 2017 , which resulted in an increase in cash used for financing activities of $ 167 million . for more information on our share repurchase program , see part ii , item 5 , 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . 201d the increase in cash used for accounts payable-inventory financing was primarily driven by the termination of one of our inventory financing agreements in the fourth quarter of 2016 , with amounts .
Question:
by what percentage did the cash conversion cycle decrease from dec 31 , 2015 to dec 31 , 2016?
Important information:
text_2: components of our cash conversion cycle are as follows: .
table_4: ( in days ) the cash conversion cycle of december 31 , 2017 is 19 ; the cash conversion cycle of december 31 , 2016 is 19 ; the cash conversion cycle of december 31 , 2015 is 21 ;
text_12: the cash conversion cycle was 19 and 21 days at december 31 , 2016 and 2015 , respectively .
Reasoning Steps:
Step: minus1-1(21, 19) = 2
Step: divide1-2(#0, 21) = 0.095
Step: multiply1-3(#1, const_100) = 9.5
Program:
subtract(21, 19), divide(#0, 21), multiply(#1, const_100)
Program (Nested):
multiply(divide(subtract(21, 19), 21), const_100)
| finqa4609 |
what is the growth rate in the fair value of private equity funds in 2012?
Important information:
table_1: in millions the private equity funds1 of as of december 2012 fair value of investments is $ 7680 ; the private equity funds1 of as of december 2012 unfunded commitments is $ 2778 ; the private equity funds1 of as of december 2012 fair value of investments is $ 8074 ; the private equity funds1 of unfunded commitments is $ 3514 ;
table_2: in millions the credit funds2 of as of december 2012 fair value of investments is 3927 ; the credit funds2 of as of december 2012 unfunded commitments is 2843 ; the credit funds2 of as of december 2012 fair value of investments is 3596 ; the credit funds2 of unfunded commitments is 3568 ;
table_5: in millions the total of as of december 2012 fair value of investments is $ 15780 ; the total of as of december 2012 unfunded commitments is $ 6491 ; the total of as of december 2012 fair value of investments is $ 16366 ; the total of unfunded commitments is $ 8695 ;
Reasoning Steps:
Step: minus2-1(7680, 8074) = -394
Step: divide2-2(#0, 8074) = -4.9%
Program:
subtract(7680, 8074), divide(#0, 8074)
Program (Nested):
divide(subtract(7680, 8074), 8074)
| -0.0488 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements investments in funds that calculate net asset value per share cash instruments at fair value include investments in funds that are valued based on the net asset value per share ( nav ) of the investment fund . the firm uses nav as its measure of fair value for fund investments when ( i ) the fund investment does not have a readily determinable fair value and ( ii ) the nav of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting , including measurement of the underlying investments at fair value . the firm 2019s investments in funds that calculate nav primarily consist of investments in firm-sponsored funds where the firm co-invests with third-party investors . the private equity , credit and real estate funds are primarily closed-end funds in which the firm 2019s investments are not eligible for redemption . distributions will be received from these funds as the underlying assets are liquidated and it is estimated that substantially all of the underlying assets of existing funds will be liquidated over the next seven years . the firm continues to manage its existing funds taking into account the transition periods under the volcker rule of the u.s . dodd-frank wall street reform and consumer protection act ( dodd-frank act ) , although the rules have not yet been finalized . the firm 2019s investments in hedge funds are generally redeemable on a quarterly basis with 91 days 2019 notice , subject to a maximum redemption level of 25% ( 25 % ) of the firm 2019s initial investments at any quarter-end . the firm currently plans to comply with the volcker rule by redeeming certain of its interests in hedge funds . the firm redeemed approximately $ 1.06 billion of these interests in hedge funds during the year ended december 2012 . the table below presents the fair value of the firm 2019s investments in , and unfunded commitments to , funds that calculate nav. .
Table
in millions | as of december 2012 fair value of investments | as of december 2012 unfunded commitments | as of december 2012 fair value of investments | unfunded commitments
private equity funds1 | $ 7680 | $ 2778 | $ 8074 | $ 3514
credit funds2 | 3927 | 2843 | 3596 | 3568
hedge funds3 | 2167 | 2014 | 3165 | 2014
real estatefunds4 | 2006 | 870 | 1531 | 1613
total | $ 15780 | $ 6491 | $ 16366 | $ 8695
1 . these funds primarily invest in a broad range of industries worldwide in a variety of situations , including leveraged buyouts , recapitalizations and growth investments . 2 . these funds generally invest in loans and other fixed income instruments and are focused on providing private high-yield capital for mid- to large-sized leveraged and management buyout transactions , recapitalizations , financings , refinancings , acquisitions and restructurings for private equity firms , private family companies and corporate issuers . 3 . these funds are primarily multi-disciplinary hedge funds that employ a fundamental bottom-up investment approach across various asset classes and strategies including long/short equity , credit , convertibles , risk arbitrage , special situations and capital structure arbitrage . 4 . these funds invest globally , primarily in real estate companies , loan portfolios , debt recapitalizations and direct property . goldman sachs 2012 annual report 127 .
Question:
what is the growth rate in the fair value of private equity funds in 2012?
Important information:
table_1: in millions the private equity funds1 of as of december 2012 fair value of investments is $ 7680 ; the private equity funds1 of as of december 2012 unfunded commitments is $ 2778 ; the private equity funds1 of as of december 2012 fair value of investments is $ 8074 ; the private equity funds1 of unfunded commitments is $ 3514 ;
table_2: in millions the credit funds2 of as of december 2012 fair value of investments is 3927 ; the credit funds2 of as of december 2012 unfunded commitments is 2843 ; the credit funds2 of as of december 2012 fair value of investments is 3596 ; the credit funds2 of unfunded commitments is 3568 ;
table_5: in millions the total of as of december 2012 fair value of investments is $ 15780 ; the total of as of december 2012 unfunded commitments is $ 6491 ; the total of as of december 2012 fair value of investments is $ 16366 ; the total of unfunded commitments is $ 8695 ;
Reasoning Steps:
Step: minus2-1(7680, 8074) = -394
Step: divide2-2(#0, 8074) = -4.9%
Program:
subtract(7680, 8074), divide(#0, 8074)
Program (Nested):
divide(subtract(7680, 8074), 8074)
| finqa4610 |
what is the percent change in general and administrative expense from 2001 to 2002?
Important information:
text_0: management 2019s discussion and analysis of financial conditionand results of operations d u k e r e a l t y c o r p o r a t i o n 1 1 2 0 0 2 a n n u a l r e p o r t 2022 interest expense on the company 2019s secured debt decreased from $ 30.8 million in 2001 to $ 22.9 million in 2002 as the company paid off $ 13.5 million of secured debt throughout 2002 and experienced lower borrowings on its secured line of credit during 2002 compared to 2001 .
text_14: general and administrative expense general and administrative expense increased from $ 15.6 million in 2001 to $ 25.4 million for the year ended december 31 , 2002 .
text_16: other income and expenses gain on sale of land and depreciable property dispositions , net of impairment adjustment , is comprised of the following amounts in 2002 and 2001 : gain on sales of depreciable properties represent sales of previously held for investment rental properties .
Reasoning Steps:
Step: minus2-1(25.4, 15.6) = 9.8
Step: divide2-2(#0, 15.6) = 0.628
Step: multiply2-3(#1, const_100) = 62.8%
Program:
subtract(25.4, 15.6), divide(#0, 15.6), multiply(#1, const_100)
Program (Nested):
multiply(divide(subtract(25.4, 15.6), 15.6), const_100)
| 62.82051 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis of financial conditionand results of operations d u k e r e a l t y c o r p o r a t i o n 1 1 2 0 0 2 a n n u a l r e p o r t 2022 interest expense on the company 2019s secured debt decreased from $ 30.8 million in 2001 to $ 22.9 million in 2002 as the company paid off $ 13.5 million of secured debt throughout 2002 and experienced lower borrowings on its secured line of credit during 2002 compared to 2001 . additionally , the company paid off approximately $ 128.5 million of secured debt throughout 2001 . 2022 interest expense on the company 2019s $ 500 million unsecured line of credit decreased by approximately $ 1.1 million in 2002 compared to 2001 as the company maintained lower balances on the line throughout most of 2002 . as a result of the above-mentioned items , earnings from rental operations decreased $ 35.0 million from $ 254.1 million for the year ended december 31 , 2001 , to $ 219.1 million for the year ended december 31 , 2002 . service operations service operations primarily consist of leasing , management , construction and development services for joint venture properties and properties owned by third parties . service operations revenues decreased from $ 80.5 million for the year ended december 31 , 2001 , to $ 68.6 million for the year ended december 31 , 2002 . the prolonged effect of the slow economy has been the primary factor in the overall decrease in revenues . the company experienced a decrease of $ 12.7 million in net general contractor revenues because of a decrease in the volume of construction in 2002 , compared to 2001 , as well as slightly lower profit margins . property management , maintenance and leasing fee revenues decreased from $ 22.8 million in 2001 to $ 14.3 million in 2002 primarily because of a decrease in landscaping maintenance revenue resulting from the sale of the landscaping operations in the third quarter of 2001 . construction management and development activity income represents construction and development fees earned on projects where the company acts as the construction manager along with profits from the company 2019s held for sale program whereby the company develops a property for sale upon completion . the increase in revenues of $ 10.3 million in 2002 is primarily due to an increase in volume of the sale of properties from the held for sale program . service operations expenses decreased from $ 45.3 million in 2001 to $ 38.3 million in 2002 . the decrease is attributable to the decrease in construction and development activity and the reduced overhead costs as a result of the sale of the landscape business in 2001 . as a result of the above , earnings from service operations decreased from $ 35.1 million for the year ended december 31 , 2001 , to $ 30.3 million for the year ended december 31 , 2002 . general and administrative expense general and administrative expense increased from $ 15.6 million in 2001 to $ 25.4 million for the year ended december 31 , 2002 . the company has been successful reducing total operating and administration costs ; however , reduced construction and development activities have resulted in a greater amount of overhead being charged to general and administrative expense instead of being capitalized into development projects or charged to service operations . other income and expenses gain on sale of land and depreciable property dispositions , net of impairment adjustment , is comprised of the following amounts in 2002 and 2001 : gain on sales of depreciable properties represent sales of previously held for investment rental properties . beginning in 2000 and continuing into 2001 , the company pursued favorable opportunities to dispose of real estate assets that no longer met long-term investment objectives . in 2002 , the company significantly reduced this property sales program until the business climate improves and provides better investment opportunities for the sale proceeds . gain on land sales represents sales of undeveloped land owned by the company . the company pursues opportunities to dispose of land in markets with a high concentration of undeveloped land and those markets where the land no longer meets strategic development plans of the company . the company recorded a $ 9.4 million adjustment in 2002 associated with six properties determined to have an impairment of book value . the company has analyzed each of its in-service properties and has determined that there are no additional valuation adjustments that need to be made as of december 31 , 2002 . the company recorded an adjustment of $ 4.8 million in 2001 for one property that the company had contracted to sell for a price less than its book value . other revenue for the year ended december 31 , 2002 , includes $ 1.4 million of gain related to an interest rate swap that did not qualify for hedge accounting. .
Table
| 2002 | 2001
gain on sales of depreciable properties | $ 4491 | $ 45428
gain on land sales | 4478 | 5080
impairment adjustment | -9379 ( 9379 ) | -4800 ( 4800 )
total | $ -410 ( 410 ) | $ 45708
.
Question:
what is the percent change in general and administrative expense from 2001 to 2002?
Important information:
text_0: management 2019s discussion and analysis of financial conditionand results of operations d u k e r e a l t y c o r p o r a t i o n 1 1 2 0 0 2 a n n u a l r e p o r t 2022 interest expense on the company 2019s secured debt decreased from $ 30.8 million in 2001 to $ 22.9 million in 2002 as the company paid off $ 13.5 million of secured debt throughout 2002 and experienced lower borrowings on its secured line of credit during 2002 compared to 2001 .
text_14: general and administrative expense general and administrative expense increased from $ 15.6 million in 2001 to $ 25.4 million for the year ended december 31 , 2002 .
text_16: other income and expenses gain on sale of land and depreciable property dispositions , net of impairment adjustment , is comprised of the following amounts in 2002 and 2001 : gain on sales of depreciable properties represent sales of previously held for investment rental properties .
Reasoning Steps:
Step: minus2-1(25.4, 15.6) = 9.8
Step: divide2-2(#0, 15.6) = 0.628
Step: multiply2-3(#1, const_100) = 62.8%
Program:
subtract(25.4, 15.6), divide(#0, 15.6), multiply(#1, const_100)
Program (Nested):
multiply(divide(subtract(25.4, 15.6), 15.6), const_100)
| finqa4611 |
what portion for the trade and other accounts receivable is classified as part of the allowances for doubtful accounts?
Important information:
table_1: ( amounts in millions ) the trade and other accounts receivable of 2012 is $ 516.9 ; the trade and other accounts receivable of 2011 is $ 485.5 ;
table_2: ( amounts in millions ) the allowances for doubtful accounts of 2012 is -19.0 ( 19.0 ) ; the allowances for doubtful accounts of 2011 is -22.0 ( 22.0 ) ;
table_3: ( amounts in millions ) the total trade and other accounts receivable 2013 net of 2012 is $ 497.9 ; the total trade and other accounts receivable 2013 net of 2011 is $ 463.5 ;
Reasoning Steps:
Step: divide1-1(19.0, 516.9) = 3.7%
Program:
divide(19.0, 516.9)
Program (Nested):
divide(19.0, 516.9)
| 0.03676 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements ( continued ) fair value measurements the fasb issued updated authoritative guidance in may 2011 to amend fair value measurements and related disclosures ; the guidance became effective for snap-on at the beginning of its 2012 fiscal year . this guidance relates to a major convergence project of the fasb and the international accounting standards board to improve international financial reporting standards ( 201cifrs 201d ) and u.s . gaap . this guidance resulted in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between ifrs and u.s . gaap . the guidance also changed some fair value measurement principles and enhanced disclosure requirements related to activities in level 3 of the fair value hierarchy . the adoption of this updated authoritative guidance had no impact on the company 2019s consolidated financial statements . disclosures relating to comprehensive income the fasb issued updated authoritative guidance in june 2011 to amend the presentation of comprehensive income in financial statements . the fasb also issued an accounting standards update in december 2011 that indefinitely deferred certain financial statement presentation provisions contained in its original june 2011 guidance . the guidance , which became effective for snap-on on a retrospective basis at the beginning of its 2012 fiscal year , gives companies the option to present other comprehensive income in either a single continuous statement or in two separate but consecutive statements . under both alternatives , companies are required to annually present each component of comprehensive income . the adoption of this updated authoritative guidance impacted the presentation of the company 2019s consolidated statements of comprehensive income , but it did not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income . note 2 : acquisitions snap-on acquired a 60% ( 60 % ) interest in snap-on asia manufacturing ( zhejiang ) co . ltd . ( 201cxiaoshan 201d ) ( formerly known as wanda snap-on ( zhejiang ) co . ltd. ) , the company 2019s tool manufacturing operation in xiaoshan , china , in 2008 . snap-on acquired the remaining 40% ( 40 % ) redeemable noncontrolling interest in xiaoshan in april 2010 for a purchase price of $ 7.7 million and $ 0.1 million of transaction costs . note 3 : receivables trade and other accounts receivable snap-on 2019s trade and other accounts receivable primarily arise from the sale of tools , diagnostics and equipment to a broad range of industrial and commercial customers and to snap-on 2019s independent franchise van channel on a non- extended-term basis with payment terms generally ranging from 30 to 120 days . the components of snap-on 2019s trade and other accounts receivable as of 2012 and 2011 year end are as follows : ( amounts in millions ) 2012 2011 .
Table
( amounts in millions ) | 2012 | 2011
trade and other accounts receivable | $ 516.9 | $ 485.5
allowances for doubtful accounts | -19.0 ( 19.0 ) | -22.0 ( 22.0 )
total trade and other accounts receivable 2013 net | $ 497.9 | $ 463.5
finance and contract receivables soc originates extended-term finance and contract receivables on sales of snap-on product sold through the u.s . franchisee and customer network and to snap-on 2019s industrial and other customers ; snap-on 2019s foreign finance subsidiaries provide similar financing internationally . interest income on finance and contract receivables is included in 201cfinancial services revenue 201d on the accompanying consolidated statements of earnings . 74 snap-on incorporated .
Question:
what portion for the trade and other accounts receivable is classified as part of the allowances for doubtful accounts?
Important information:
table_1: ( amounts in millions ) the trade and other accounts receivable of 2012 is $ 516.9 ; the trade and other accounts receivable of 2011 is $ 485.5 ;
table_2: ( amounts in millions ) the allowances for doubtful accounts of 2012 is -19.0 ( 19.0 ) ; the allowances for doubtful accounts of 2011 is -22.0 ( 22.0 ) ;
table_3: ( amounts in millions ) the total trade and other accounts receivable 2013 net of 2012 is $ 497.9 ; the total trade and other accounts receivable 2013 net of 2011 is $ 463.5 ;
Reasoning Steps:
Step: divide1-1(19.0, 516.9) = 3.7%
Program:
divide(19.0, 516.9)
Program (Nested):
divide(19.0, 516.9)
| finqa4612 |
as of december 31 , 2008 , how much of the collateral related to short sales , repo's , or securities lending agreements?
Important information:
text_9: the following table details the components of collateralized financings. .
text_15: at december 31 , 2008 , the firm received securities as collateral that could be repledged , delivered or otherwise used with a fair value of approximately $ 511.9 billion .
text_17: of these securities , approximately $ 456.6 billion were repledged , delivered or otherwise used , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales .
Reasoning Steps:
Step: divide2-1(456.6, 511.9) = 89.2%
Program:
divide(456.6, 511.9)
Program (Nested):
divide(456.6, 511.9)
| 0.89197 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175jpmorgan chase & co . / 2008 annual report 175 securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received . securities borrowed consist primarily of government and equity securities . jpmorgan chase moni- tors the market value of the securities borrowed and lent on a daily basis and calls for additional collateral when appropriate . fees received or paid in connection with securities borrowed and lent are recorded in interest income or interest expense . the following table details the components of collateralized financings. .
Table
december 31 ( in millions ) | 2008 | 2007
securities purchased under resale agreements ( a ) | $ 200265 | $ 169305
securities borrowed ( b ) | 124000 | 84184
securities sold under repurchase agreements ( c ) | $ 174456 | $ 126098
securities loaned | 6077 | 10922
( a ) includes resale agreements of $ 20.8 billion and $ 19.1 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively . ( b ) includes securities borrowed of $ 3.4 billion accounted for at fair value at december 31 , 2008 . ( c ) includes repurchase agreements of $ 3.0 billion and $ 5.8 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively . jpmorgan chase pledges certain financial instruments it owns to col- lateralize repurchase agreements and other securities financings . pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheets . at december 31 , 2008 , the firm received securities as collateral that could be repledged , delivered or otherwise used with a fair value of approximately $ 511.9 billion . this collateral was generally obtained under resale or securities borrowing agreements . of these securities , approximately $ 456.6 billion were repledged , delivered or otherwise used , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales . note 14 2013 loans the accounting for a loan may differ based upon whether it is origi- nated or purchased and as to whether the loan is used in an invest- ing or trading strategy . for purchased loans held-for-investment , the accounting also differs depending on whether a loan is credit- impaired at the date of acquisition . purchased loans with evidence of credit deterioration since the origination date and for which it is probable , at acquisition , that all contractually required payments receivable will not be collected are considered to be credit-impaired . the measurement framework for loans in the consolidated financial statements is one of the following : 2022 at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees or costs , for loans held for investment ( other than purchased credit- impaired loans ) ; 2022 at the lower of cost or fair value , with valuation changes record- ed in noninterest revenue , for loans that are classified as held- for-sale ; or 2022 at fair value , with changes in fair value recorded in noninterest revenue , for loans classified as trading assets or risk managed on a fair value basis ; 2022 purchased credit-impaired loans held for investment are account- ed for under sop 03-3 and initially measured at fair value , which includes estimated future credit losses . accordingly , an allowance for loan losses related to these loans is not recorded at the acquisition date . see note 5 on pages 156 2013158 of this annual report for further information on the firm 2019s elections of fair value accounting under sfas 159 . see note 6 on pages 158 2013160 of this annual report for further information on loans carried at fair value and classified as trading assets . for loans held for investment , other than purchased credit-impaired loans , interest income is recognized using the interest method or on a basis approximating a level rate of return over the term of the loan . loans within the held-for-investment portfolio that management decides to sell are transferred to the held-for-sale portfolio . transfers to held-for-sale are recorded at the lower of cost or fair value on the date of transfer . credit-related losses are charged off to the allowance for loan losses and losses due to changes in interest rates , or exchange rates , are recognized in noninterest revenue . loans within the held-for-sale portfolio that management decides to retain are transferred to the held-for-investment portfolio at the lower of cost or fair value . these loans are subsequently assessed for impairment based on the firm 2019s allowance methodology . for a fur- ther discussion of the methodologies used in establishing the firm 2019s allowance for loan losses , see note 15 on pages 178 2013180 of this annual report . nonaccrual loans are those on which the accrual of interest is dis- continued . loans ( other than certain consumer and purchased credit- impaired loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of princi- pal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover principal and interest . loans are charged off to the allowance for loan losses when it is highly certain that a loss has been realized . interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income . in addition , the amortiza- tion of net deferred loan fees is suspended . interest income on nonaccrual loans is recognized only to the extent it is received in cash . however , where there is doubt regarding the ultimate col- lectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of such loans ( i.e. , the cost recovery method ) . loans are restored to accrual status only when future pay- ments of interest and principal are reasonably assured . consumer loans , other than purchased credit-impaired loans , are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accordance with the federal financial institutions examination council policy . for example , credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiv- ing notification of the filing of bankruptcy , whichever is earlier . residential mortgage products are generally charged off to net real- izable value at no later than 180 days past due . other consumer .
Question:
as of december 31 , 2008 , how much of the collateral related to short sales , repo's , or securities lending agreements?
Important information:
text_9: the following table details the components of collateralized financings. .
text_15: at december 31 , 2008 , the firm received securities as collateral that could be repledged , delivered or otherwise used with a fair value of approximately $ 511.9 billion .
text_17: of these securities , approximately $ 456.6 billion were repledged , delivered or otherwise used , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales .
Reasoning Steps:
Step: divide2-1(456.6, 511.9) = 89.2%
Program:
divide(456.6, 511.9)
Program (Nested):
divide(456.6, 511.9)
| finqa4613 |
what would annualized tower cash flow be based on the tower cash flow for the fourth quarter of 2007 , in thousands?
Important information:
table_0: tower cash flow for the three months ended december 31 2007 the tower cash flow for the three months ended december 31 2007 of $ 177724 is $ 177724 ;
table_2: tower cash flow for the three months ended december 31 2007 the less : tower cash flow for the twelve months ended december 31 2007 of $ 177724 is -683200 ( 683200 ) ;
table_3: tower cash flow for the three months ended december 31 2007 the plus : four times tower cash flow for the three months ended december 31 2007 of $ 177724 is 710896 ;
Reasoning Steps:
Step: multiply2-1(177724, const_4) = 710896
Program:
multiply(177724, const_4)
Program (Nested):
multiply(177724, const_4)
| 710896.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following table presents tower cash flow , adjusted consolidated cash flow and non-tower cash flow for the company and its restricted subsidiaries , as defined in the indentures for the applicable notes ( in thousands ) : .
Table
tower cash flow for the three months ended december 31 2007 | $ 177724
consolidated cash flow for the twelve months ended december 31 2007 | $ 668123
less : tower cash flow for the twelve months ended december 31 2007 | -683200 ( 683200 )
plus : four times tower cash flow for the three months ended december 31 2007 | 710896
adjusted consolidated cash flow for the twelve months ended december 31 2007 | $ 695819
non-tower cash flow for the twelve months ended december 31 2007 | $ -48012 ( 48012 )
.
Question:
what would annualized tower cash flow be based on the tower cash flow for the fourth quarter of 2007 , in thousands?
Important information:
table_0: tower cash flow for the three months ended december 31 2007 the tower cash flow for the three months ended december 31 2007 of $ 177724 is $ 177724 ;
table_2: tower cash flow for the three months ended december 31 2007 the less : tower cash flow for the twelve months ended december 31 2007 of $ 177724 is -683200 ( 683200 ) ;
table_3: tower cash flow for the three months ended december 31 2007 the plus : four times tower cash flow for the three months ended december 31 2007 of $ 177724 is 710896 ;
Reasoning Steps:
Step: multiply2-1(177724, const_4) = 710896
Program:
multiply(177724, const_4)
Program (Nested):
multiply(177724, const_4)
| finqa4614 |
what is the percent of the future estimated cash payments under existing contractual obligations that was due in 2019 for long-term debt
Important information:
text_6: the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
table_1: in millions the long-term debt ( a ) of payments due by fiscal year total is $ 14354.0 ; the long-term debt ( a ) of payments due by fiscal year 2019 is $ 1599.8 ; the long-term debt ( a ) of payments due by fiscal year 2020 -21 is $ 3122.6 ; the long-term debt ( a ) of payments due by fiscal year 2022 -23 is $ 2315.5 ; the long-term debt ( a ) of payments due by fiscal year 2024 and thereafter is $ 7316.1 ;
table_8: in millions the total long-term obligations of payments due by fiscal year total is $ 19637.5 ; the total long-term obligations of payments due by fiscal year 2019 is $ 4492.1 ; the total long-term obligations of payments due by fiscal year 2020 -21 is $ 4059.6 ; the total long-term obligations of payments due by fiscal year 2022 -23 is $ 2478.0 ; the total long-term obligations of payments due by fiscal year 2024 and thereafter is $ 7408.8 ;
Reasoning Steps:
Step: divide1-1(1599.8, 14354.0) = 11.1%
Program:
divide(1599.8, 14354.0)
Program (Nested):
divide(1599.8, 14354.0)
| 0.11145 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
obligations of non-consolidated affiliates , mainly cpw . in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 559 million as of may 27 , as of may 27 , 2018 , we had invested in five variable interest entities ( vies ) . none of our vies are material to our results of operations , financial condition , or liquidity as of and for the fiscal year ended may 27 , 2018 . our defined benefit plans in the united states are subject to the requirements of the pension protection act ( ppa ) . in the future , the ppa may require us to make additional contributions to our domestic plans . we do not expect to be required to make any contributions in fiscal 2019 . the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
Table
in millions | payments due by fiscal year total | payments due by fiscal year 2019 | payments due by fiscal year 2020 -21 | payments due by fiscal year 2022 -23 | payments due by fiscal year 2024 and thereafter
long-term debt ( a ) | $ 14354.0 | $ 1599.8 | $ 3122.6 | $ 2315.5 | $ 7316.1
accrued interest | 107.7 | 107.7 | - | - | -
operating leases ( b ) | 559.3 | 137.4 | 208.0 | 122.7 | 91.2
capital leases | 0.5 | 0.3 | 0.2 | - | -
purchase obligations ( c ) | 3417.0 | 2646.9 | 728.8 | 39.8 | 1.5
total contractual obligations | 18438.5 | 4492.1 | 4059.6 | 2478.0 | 7408.8
other long-term obligations ( d ) | 1199.0 | - | - | - | -
total long-term obligations | $ 19637.5 | $ 4492.1 | $ 4059.6 | $ 2478.0 | $ 7408.8
( a ) amounts represent the expected cash payments of our long-term debt and do not include $ 0.5 million for capital leases or $ 85.7 million for net unamortized debt issuance costs , premiums and discounts , and fair value adjustments . ( b ) operating leases represents the minimum rental commitments under non-cancelable operating leases . ( c ) the majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands . for purposes of this table , arrangements are considered purchase obligations if a contract specifies all significant terms , including fixed or minimum quantities to be purchased , a pricing structure , and approximate timing of the transaction . most arrangements are cancelable without a significant penalty and with short notice ( usually 30 days ) . any amounts reflected on the consolidated balance sheets as accounts payable and accrued liabilities are excluded from the table above . ( d ) the fair value of our foreign exchange , equity , commodity , and grain derivative contracts with a payable position to the counterparty was $ 16 million as of may 27 , 2018 , based on fair market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations mainly consist of liabilities for accrued compensation and benefits , including the underfunded status of certain of our defined benefit pension , other postretirement benefit , and postemployment benefit plans , and miscellaneous liabilities . we expect to pay $ 20 million of benefits from our unfunded postemployment benefit plans and $ 18 million of deferred compensation in fiscal 2019 . we are unable to reliably estimate the amount of these payments beyond fiscal 2019 . as of may 27 , 2018 , our total liability for uncertain tax positions and accrued interest and penalties was $ 223.6 million . significant accounting estimates for a complete description of our significant accounting policies , please see note 2 to the consolidated financial statements in item 8 of this report . our significant accounting estimates are those that have a meaningful impact .
Question:
what is the percent of the future estimated cash payments under existing contractual obligations that was due in 2019 for long-term debt
Important information:
text_6: the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
table_1: in millions the long-term debt ( a ) of payments due by fiscal year total is $ 14354.0 ; the long-term debt ( a ) of payments due by fiscal year 2019 is $ 1599.8 ; the long-term debt ( a ) of payments due by fiscal year 2020 -21 is $ 3122.6 ; the long-term debt ( a ) of payments due by fiscal year 2022 -23 is $ 2315.5 ; the long-term debt ( a ) of payments due by fiscal year 2024 and thereafter is $ 7316.1 ;
table_8: in millions the total long-term obligations of payments due by fiscal year total is $ 19637.5 ; the total long-term obligations of payments due by fiscal year 2019 is $ 4492.1 ; the total long-term obligations of payments due by fiscal year 2020 -21 is $ 4059.6 ; the total long-term obligations of payments due by fiscal year 2022 -23 is $ 2478.0 ; the total long-term obligations of payments due by fiscal year 2024 and thereafter is $ 7408.8 ;
Reasoning Steps:
Step: divide1-1(1599.8, 14354.0) = 11.1%
Program:
divide(1599.8, 14354.0)
Program (Nested):
divide(1599.8, 14354.0)
| finqa4615 |
what was the percent of the change in the company 2019s warranty liability from 2011 to 2012
Important information:
text_13: changes in the company 2019s warranty liability were as follows , in millions: .
table_1: the balance at january 1 of 2012 is $ 102 ; the balance at january 1 of 2011 is $ 107 ;
table_6: the balance at december 31 of 2012 is $ 118 ; the balance at december 31 of 2011 is $ 102 ;
Reasoning Steps:
Step: minus1-1(118, 102) = 16
Step: divide1-2(#0, 102) = 15.7%
Program:
subtract(118, 102), divide(#0, 102)
Program (Nested):
divide(subtract(118, 102), 102)
| 0.15686 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
masco corporation notes to consolidated financial statements ( continued ) t . other commitments and contingencies litigation . we are subject to claims , charges , litigation and other proceedings in the ordinary course of our business , including those arising from or related to contractual matters , intellectual property , personal injury , environmental matters , product liability , construction defect , insurance coverage , personnel and employment disputes and other matters , including class actions . we believe we have adequate defenses in these matters and that the outcome of these matters is not likely to have a material adverse effect on us . however , there is no assurance that we will prevail in these matters , and we could in the future incur judgments , enter into settlements of claims or revise our expectations regarding the outcome of these matters , which could materially impact our results of operations . in july 2012 , the company reached a settlement agreement related to the columbus drywall litigation . the company and its insulation installation companies named in the suit agreed to pay $ 75 million in return for dismissal with prejudice and full release of all claims . the company and its insulation installation companies continue to deny that the challenged conduct was unlawful and admit no wrongdoing as part of the settlement . a settlement was reached to eliminate the considerable expense and uncertainty of this lawsuit . the company recorded the settlement expense in the second quarter of 2012 and the amount was paid in the fourth quarter of 2012 . warranty . at the time of sale , the company accrues a warranty liability for the estimated cost to provide products , parts or services to repair or replace products in satisfaction of warranty obligations . during the third quarter of 2012 , a business in the other specialty products segment recorded a $ 12 million increase in expected future warranty claims resulting from the completion of an analysis prepared by the company based upon its periodic assessment of recent business unit specific operating trends including , among others , home ownership demographics , sales volumes , manufacturing quality , an analysis of recent warranty claim activity and an estimate of current costs to service anticipated claims . changes in the company 2019s warranty liability were as follows , in millions: .
Table
| 2012 | 2011
balance at january 1 | $ 102 | $ 107
accruals for warranties issued during the year | 42 | 28
accruals related to pre-existing warranties | 16 | 8
settlements made ( in cash or kind ) during the year | -38 ( 38 ) | -38 ( 38 )
other net ( including currency translation ) | -4 ( 4 ) | -3 ( 3 )
balance at december 31 | $ 118 | $ 102
investments . with respect to the company 2019s investments in private equity funds , the company had , at december 31 , 2012 , commitments to contribute up to $ 19 million of additional capital to such funds representing the company 2019s aggregate capital commitment to such funds less capital contributions made to date . the company is contractually obligated to make additional capital contributions to certain of its private equity funds upon receipt of a capital call from the private equity fund . the company has no control over when or if the capital calls will occur . capital calls are funded in cash and generally result in an increase in the carrying value of the company 2019s investment in the private equity fund when paid. .
Question:
what was the percent of the change in the company 2019s warranty liability from 2011 to 2012
Important information:
text_13: changes in the company 2019s warranty liability were as follows , in millions: .
table_1: the balance at january 1 of 2012 is $ 102 ; the balance at january 1 of 2011 is $ 107 ;
table_6: the balance at december 31 of 2012 is $ 118 ; the balance at december 31 of 2011 is $ 102 ;
Reasoning Steps:
Step: minus1-1(118, 102) = 16
Step: divide1-2(#0, 102) = 15.7%
Program:
subtract(118, 102), divide(#0, 102)
Program (Nested):
divide(subtract(118, 102), 102)
| finqa4616 |
how many shares received dividends during 2014 , ( in millions ) ?
Important information:
text_6: dividends during fiscal 2014 , applied 2019s board of directors declared four quarterly cash dividends of $ 0.10 per share each .
text_7: during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share .
text_9: dividends declared during fiscal 2014 , 2013 and 2012 totaled $ 487 million , $ 469 million and $ 438 million , respectively .
Reasoning Steps:
Step: multiply2-1(0.10, const_4) = 0.4
Step: divide2-2(487, #0) = 1217.5
Program:
multiply(0.10, const_4), divide(487, #0)
Program (Nested):
divide(487, multiply(0.10, const_4))
| 1217.5 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 25 , 2009 through october 26 , 2014 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 25 , 2009 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. .
Table
| 10/25/2009 | 10/31/2010 | 10/30/2011 | 10/28/2012 | 10/27/2013 | 10/26/2014
applied materials | 100.00 | 97.43 | 101.85 | 88.54 | 151.43 | 183.29
s&p 500 index | 100.00 | 116.52 | 125.94 | 145.09 | 184.52 | 216.39
rdg semiconductor composite index | 100.00 | 121.00 | 132.42 | 124.95 | 163.20 | 207.93
dividends during fiscal 2014 , applied 2019s board of directors declared four quarterly cash dividends of $ 0.10 per share each . during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share . during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.09 per share each and one quarterly cash dividend of $ 0.08 . dividends declared during fiscal 2014 , 2013 and 2012 totaled $ 487 million , $ 469 million and $ 438 million , respectively . applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders . $ 100 invested on 10/25/09 in stock or 10/31/09 in index , including reinvestment of dividends . indexes calculated on month-end basis . and the rdg semiconductor composite index 183145 97 102 121 132 10/25/09 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 applied materials , inc . s&p 500 rdg semiconductor composite .
Question:
how many shares received dividends during 2014 , ( in millions ) ?
Important information:
text_6: dividends during fiscal 2014 , applied 2019s board of directors declared four quarterly cash dividends of $ 0.10 per share each .
text_7: during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share .
text_9: dividends declared during fiscal 2014 , 2013 and 2012 totaled $ 487 million , $ 469 million and $ 438 million , respectively .
Reasoning Steps:
Step: multiply2-1(0.10, const_4) = 0.4
Step: divide2-2(487, #0) = 1217.5
Program:
multiply(0.10, const_4), divide(487, #0)
Program (Nested):
divide(487, multiply(0.10, const_4))
| finqa4617 |
from 2008 to 2010 what was the average revenues by commodity group from agriculture
Important information:
table_1: millions the agricultural of 2010 is $ 3018 ; the agricultural of 2009 is $ 2666 ; the agricultural of 2008 is $ 3174 ;
table_7: millions the total freight revenues of 2010 is $ 16069 ; the total freight revenues of 2009 is $ 13373 ; the total freight revenues of 2008 is $ 17118 ;
table_9: millions the total operating revenues of 2010 is $ 16965 ; the total operating revenues of 2009 is $ 14143 ; the total operating revenues of 2008 is $ 17970 ;
Reasoning Steps:
Step: add1-1(3018, 2666) = 5684
Step: add1-2(#0, 3174) = 8858
Step: divide1-3(#1, const_3) = 2952.7
Program:
add(3018, 2666), add(#0, 3174), divide(#1, const_3)
Program (Nested):
divide(add(add(3018, 2666), 3174), const_3)
| 2952.66667 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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 u.s . we have 31953 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we 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 2010 2009 2008 .
Table
millions | 2010 | 2009 | 2008
agricultural | $ 3018 | $ 2666 | $ 3174
automotive | 1271 | 854 | 1344
chemicals | 2425 | 2102 | 2494
energy | 3489 | 3118 | 3810
industrial products | 2639 | 2147 | 3273
intermodal | 3227 | 2486 | 3023
total freight revenues | $ 16069 | $ 13373 | $ 17118
other revenues | 896 | 770 | 852
total operating revenues | $ 16965 | $ 14143 | $ 17970
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported are outside the u.s . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position . investments 2013 investments represent our investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) that are accounted for under the equity method of accounting and investments in companies ( less than 20% ( 20 % ) owned ) accounted for under the cost method of accounting. .
Question:
from 2008 to 2010 what was the average revenues by commodity group from agriculture
Important information:
table_1: millions the agricultural of 2010 is $ 3018 ; the agricultural of 2009 is $ 2666 ; the agricultural of 2008 is $ 3174 ;
table_7: millions the total freight revenues of 2010 is $ 16069 ; the total freight revenues of 2009 is $ 13373 ; the total freight revenues of 2008 is $ 17118 ;
table_9: millions the total operating revenues of 2010 is $ 16965 ; the total operating revenues of 2009 is $ 14143 ; the total operating revenues of 2008 is $ 17970 ;
Reasoning Steps:
Step: add1-1(3018, 2666) = 5684
Step: add1-2(#0, 3174) = 8858
Step: divide1-3(#1, const_3) = 2952.7
Program:
add(3018, 2666), add(#0, 3174), divide(#1, const_3)
Program (Nested):
divide(add(add(3018, 2666), 3174), const_3)
| finqa4618 |
in 2014 what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2013 was attributable to maturities of long-term debt?
Important information:
table_1: in millions the maturities of long-term debt ( a ) of 2014 is $ 661 ; the maturities of long-term debt ( a ) of 2015 is $ 498 ; the maturities of long-term debt ( a ) of 2016 is $ 571 ; the maturities of long-term debt ( a ) of 2017 is $ 285 ; the maturities of long-term debt ( a ) of 2018 is $ 1837 ; the maturities of long-term debt ( a ) of thereafter is $ 5636 ;
table_3: in millions the lease obligations of 2014 is 171 ; the lease obligations of 2015 is 133 ; the lease obligations of 2016 is 97 ; the lease obligations of 2017 is 74 ; the lease obligations of 2018 is 59 ; the lease obligations of thereafter is 162 ;
table_5: in millions the total ( d ) of 2014 is $ 4002 ; the total ( d ) of 2015 is $ 1401 ; the total ( d ) of 2016 is $ 6495 ; the total ( d ) of 2017 is $ 888 ; the total ( d ) of 2018 is $ 2349 ; the total ( d ) of thereafter is $ 8202 ;
Reasoning Steps:
Step: divide1-1(661, 4002) = 17%
Program:
divide(661, 4002)
Program (Nested):
divide(661, 4002)
| 0.16517 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
average cost of debt from 7.1% ( 7.1 % ) to an effective rate of 6.9% ( 6.9 % ) . the inclusion of the offsetting interest income from short-term investments reduced this effective rate to 6.26% ( 6.26 % ) . other financing activities during 2011 included the issuance of approximately 0.3 million shares of treasury stock for various incentive plans and the acquisition of 1.0 million shares of treasury stock primarily related to restricted stock withholding taxes . payments of restricted stock withholding taxes totaled $ 30 million . off-balance sheet variable interest entities information concerning off-balance sheet variable interest entities is set forth in note 12 variable interest entities and preferred securities of subsidiaries on pages 72 through 75 of item 8 . financial statements and supplementary data for discussion . liquidity and capital resources outlook for 2014 capital expenditures and long-term debt international paper expects to be able to meet projected capital expenditures , service existing debt and meet working capital and dividend requirements during 2014 through current cash balances and cash from operations . additionally , the company has existing credit facilities totaling $ 2.0 billion . the company was in compliance with all its debt covenants at december 31 , 2013 . the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) . net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges . the calculation also excludes accumulated other comprehensive income/ loss and nonrecourse financial liabilities of special purpose entities . the total debt-to-capital ratio is defined as total debt divided by the sum of total debt plus net worth . at december 31 , 2013 , international paper 2019s net worth was $ 15.1 billion , and the total-debt- to-capital ratio was 39% ( 39 % ) . the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows . funding decisions will be guided by our capital structure planning objectives . the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense . the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors . maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy . at december 31 , 2013 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by s&p and moody 2019s , respectively . contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2013 , were as follows: .
Table
in millions | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter
maturities of long-term debt ( a ) | $ 661 | $ 498 | $ 571 | $ 285 | $ 1837 | $ 5636
debt obligations with right of offset ( b ) | 2014 | 2014 | 5185 | 2014 | 2014 | 2014
lease obligations | 171 | 133 | 97 | 74 | 59 | 162
purchase obligations ( c ) | 3170 | 770 | 642 | 529 | 453 | 2404
total ( d ) | $ 4002 | $ 1401 | $ 6495 | $ 888 | $ 2349 | $ 8202
( a ) total debt includes scheduled principal payments only . ( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities . accordingly , in its consolidated balance sheet at december 31 , 2013 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.2 billion of debt obligations held by the entities ( see note 12 variable interest entities and preferred securities of subsidiaries on pages 72 through 75 in item 8 . financial statements and supplementary data ) . ( c ) includes $ 3.3 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . ( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax benefits of approximately $ 146 million . we consider the undistributed earnings of our foreign subsidiaries as of december 31 , 2013 , to be indefinitely reinvested and , accordingly , no u.s . income taxes have been provided thereon . as of december 31 , 2013 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 900 million . we do not anticipate the need to repatriate funds to the united states to satisfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs associated with our domestic debt service requirements . pension obligations and funding at december 31 , 2013 , the projected benefit obligation for the company 2019s u.s . defined benefit plans determined under u.s . gaap was approximately $ 2.2 billion higher than the fair value of plan assets . approximately $ 1.8 billion of this amount relates to plans that are subject to minimum funding requirements . under current irs funding rules , the calculation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes . in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s . congress which provided for pension funding relief and technical corrections . funding .
Question:
in 2014 what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2013 was attributable to maturities of long-term debt?
Important information:
table_1: in millions the maturities of long-term debt ( a ) of 2014 is $ 661 ; the maturities of long-term debt ( a ) of 2015 is $ 498 ; the maturities of long-term debt ( a ) of 2016 is $ 571 ; the maturities of long-term debt ( a ) of 2017 is $ 285 ; the maturities of long-term debt ( a ) of 2018 is $ 1837 ; the maturities of long-term debt ( a ) of thereafter is $ 5636 ;
table_3: in millions the lease obligations of 2014 is 171 ; the lease obligations of 2015 is 133 ; the lease obligations of 2016 is 97 ; the lease obligations of 2017 is 74 ; the lease obligations of 2018 is 59 ; the lease obligations of thereafter is 162 ;
table_5: in millions the total ( d ) of 2014 is $ 4002 ; the total ( d ) of 2015 is $ 1401 ; the total ( d ) of 2016 is $ 6495 ; the total ( d ) of 2017 is $ 888 ; the total ( d ) of 2018 is $ 2349 ; the total ( d ) of thereafter is $ 8202 ;
Reasoning Steps:
Step: divide1-1(661, 4002) = 17%
Program:
divide(661, 4002)
Program (Nested):
divide(661, 4002)
| finqa4619 |
during 2016 what was the average price paid for the shares repurchased by the company?
Important information:
table_2: 2017 the 2019 of $ 4.5 is 4.0 ;
text_17: common stock treasury stock in july 2014 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock .
text_21: during 2016 , 2015 , and 2014 , the company repurchased 7.3 million , 2.6 million , and 4.4 million shares , respectively , at an aggregate cost of $ 662.3 million , $ 280.1 million , and $ 300.9 million , respectively , including .
Reasoning Steps:
Step: divide1-1(662.3, 7.3) = 90.73
Program:
divide(662.3, 7.3)
Program (Nested):
divide(662.3, 7.3)
| 90.72603 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded . the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value . the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2016 , are expected to be paid ( in millions ) : .
Table
2017 | $ 4.5
2018 | 4.0
2019 | 4.0
2020 | 4.6
2021 | 4.5
2021-2025 | 44.6
as of december 31 , 2016 , expected employer contributions for 2017 are $ 6.1 million . defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified defined contribution plan . in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan . edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis . edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis . in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan . edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis . the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee . matching contributions relating to edwards lifesciences employees were $ 17.3 million , $ 15.3 million , and $ 12.8 million in 2016 , 2015 , and 2014 , respectively . the company also has nonqualified deferred compensation plans for a select group of employees . the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant . the amount accrued under these nonqualified plans was $ 46.7 million and $ 35.5 million at december 31 , 2016 and 2015 , respectively . 13 . common stock treasury stock in july 2014 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock . in november 2016 , the board of directors approved a new stock repurchase program providing for an additional $ 1.0 billion of repurchases of our common stock . the repurchase programs do not have an expiration date . stock repurchased under these programs may be used to offset obligations under the company 2019s employee stock-based benefit programs and stock-based business acquisitions , and will reduce the total shares outstanding . during 2016 , 2015 , and 2014 , the company repurchased 7.3 million , 2.6 million , and 4.4 million shares , respectively , at an aggregate cost of $ 662.3 million , $ 280.1 million , and $ 300.9 million , respectively , including .
Question:
during 2016 what was the average price paid for the shares repurchased by the company?
Important information:
table_2: 2017 the 2019 of $ 4.5 is 4.0 ;
text_17: common stock treasury stock in july 2014 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock .
text_21: during 2016 , 2015 , and 2014 , the company repurchased 7.3 million , 2.6 million , and 4.4 million shares , respectively , at an aggregate cost of $ 662.3 million , $ 280.1 million , and $ 300.9 million , respectively , including .
Reasoning Steps:
Step: divide1-1(662.3, 7.3) = 90.73
Program:
divide(662.3, 7.3)
Program (Nested):
divide(662.3, 7.3)
| finqa4620 |
in 2009 what was the ratio of the direct amount to the amount ceded to other companies
Important information:
text_1: dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
table_1: for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages ) the 2009 of direct amount is $ 15415 ; the 2009 of ceded to other companies is $ 5943 ; the 2009 of assumed from other companies is $ 3768 ; the 2009 of net amount is $ 13240 ; the 2009 of percentage of amount assumed to net is 28% ( 28 % ) ;
table_2: for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages ) the 2008 of direct amount is $ 16087 ; the 2008 of ceded to other companies is $ 6144 ; the 2008 of assumed from other companies is $ 3260 ; the 2008 of net amount is $ 13203 ; the 2008 of percentage of amount assumed to net is 25% ( 25 % ) ;
Reasoning Steps:
Step: divide1-1(15415, 5943) = 2.6
Program:
divide(15415, 5943)
Program (Nested):
divide(15415, 5943)
| 2.59381 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2009 , 2008 , and 2007 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
Table
for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages ) | direct amount | ceded to other companies | assumed from other companies | net amount | percentage of amount assumed to net
2009 | $ 15415 | $ 5943 | $ 3768 | $ 13240 | 28% ( 28 % )
2008 | $ 16087 | $ 6144 | $ 3260 | $ 13203 | 25% ( 25 % )
2007 | $ 14673 | $ 5834 | $ 3458 | $ 12297 | 28% ( 28 % )
.
Question:
in 2009 what was the ratio of the direct amount to the amount ceded to other companies
Important information:
text_1: dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
table_1: for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages ) the 2009 of direct amount is $ 15415 ; the 2009 of ceded to other companies is $ 5943 ; the 2009 of assumed from other companies is $ 3768 ; the 2009 of net amount is $ 13240 ; the 2009 of percentage of amount assumed to net is 28% ( 28 % ) ;
table_2: for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages ) the 2008 of direct amount is $ 16087 ; the 2008 of ceded to other companies is $ 6144 ; the 2008 of assumed from other companies is $ 3260 ; the 2008 of net amount is $ 13203 ; the 2008 of percentage of amount assumed to net is 25% ( 25 % ) ;
Reasoning Steps:
Step: divide1-1(15415, 5943) = 2.6
Program:
divide(15415, 5943)
Program (Nested):
divide(15415, 5943)
| finqa4621 |
what is the difference between the number of units in charlotte at midtown and acklen west end?
Important information:
table_1: community the charlotte at midtown of market is nashville tn ; the charlotte at midtown of units is 279 ; the charlotte at midtown of closing date is march 16 2017 ;
table_2: community the acklen west end of market is nashville tn ; the acklen west end of units is 320 ; the acklen west end of closing date is december 28 2017 ;
text_20: during the year ended december 31 , 2017 , we disposed of five multifamily properties totaling 1760 units and four land parcels totaling approximately 23 acres .
Reasoning Steps:
Step: minus1-1(320, 279) = 41
Program:
subtract(320, 279)
Program (Nested):
subtract(320, 279)
| 41.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2022 secondary market same store communities are generally communities in markets with populations of more than 1 million but less than 1% ( 1 % ) of the total public multifamily reit units or markets with populations of less than 1 million that we have owned and have been stabilized for at least a full 12 months . 2022 non-same store communities and other includes recent acquisitions , communities in development or lease-up , communities that have been identified for disposition , and communities that have undergone a significant casualty loss . also included in non-same store communities are non-multifamily activities . on the first day of each calendar year , we determine the composition of our same store operating segments for that year as well as adjust the previous year , which allows us to evaluate full period-over-period operating comparisons . an apartment community in development or lease-up is added to the same store portfolio on the first day of the calendar year after it has been owned and stabilized for at least a full 12 months . communities are considered stabilized after achieving 90% ( 90 % ) occupancy for 90 days . communities that have been identified for disposition are excluded from the same store portfolio . all properties acquired from post properties in the merger remained in the non-same store and other operating segment during 2017 , as the properties were recent acquisitions and had not been owned and stabilized for at least 12 months as of january 1 , 2017 . for additional information regarding our operating segments , see note 14 to the consolidated financial statements included elsewhere in this annual report on form 10-k . acquisitions one of our growth strategies is to acquire apartment communities that are located in various large or secondary markets primarily throughout the southeast and southwest regions of the united states . acquisitions , along with dispositions , help us achieve and maintain our desired product mix , geographic diversification and asset allocation . portfolio growth allows for maximizing the efficiency of the existing management and overhead structure . we have extensive experience in the acquisition of multifamily communities . we will continue to evaluate opportunities that arise , and we will utilize this strategy to increase our number of apartment communities in strong and growing markets . we acquired the following apartment communities during the year ended december 31 , 2017: .
Table
community | market | units | closing date
charlotte at midtown | nashville tn | 279 | march 16 2017
acklen west end | nashville tn | 320 | december 28 2017
dispositions we sell apartment communities and other assets that no longer meet our long-term strategy or when market conditions are favorable , and we redeploy the proceeds from those sales to acquire , develop and redevelop additional apartment communities and rebalance our portfolio across or within geographic regions . dispositions also allow us to realize a portion of the value created through our investments and provide additional liquidity . we are then able to redeploy the net proceeds from our dispositions in lieu of raising additional capital . in deciding to sell an apartment community , we consider current market conditions and generally solicit competing bids from unrelated parties for these individual assets , considering the sales price and other key terms of each proposal . we also consider portfolio dispositions when such a structure is useful to maximize proceeds and efficiency of execution . during the year ended december 31 , 2017 , we disposed of five multifamily properties totaling 1760 units and four land parcels totaling approximately 23 acres . development as another part of our growth strategy , we invest in a limited number of development projects . development activities may be conducted through wholly-owned affiliated companies or through joint ventures with unaffiliated parties . fixed price construction contracts are signed with unrelated parties to minimize construction risk . we typically manage the leasing portion of the project as units become available for lease . we may also engage in limited expansion development opportunities on existing communities in which we typically serve as the developer . while we seek opportunistic new development investments offering attractive long-term investment returns , we intend to maintain a total development commitment that we consider modest in relation to our total balance sheet and investment portfolio . during the year ended december 31 , 2017 , we incurred $ 170.1 million in development costs and completed 7 development projects. .
Question:
what is the difference between the number of units in charlotte at midtown and acklen west end?
Important information:
table_1: community the charlotte at midtown of market is nashville tn ; the charlotte at midtown of units is 279 ; the charlotte at midtown of closing date is march 16 2017 ;
table_2: community the acklen west end of market is nashville tn ; the acklen west end of units is 320 ; the acklen west end of closing date is december 28 2017 ;
text_20: during the year ended december 31 , 2017 , we disposed of five multifamily properties totaling 1760 units and four land parcels totaling approximately 23 acres .
Reasoning Steps:
Step: minus1-1(320, 279) = 41
Program:
subtract(320, 279)
Program (Nested):
subtract(320, 279)
| finqa4622 |
what percentage of the total contractual obligations at the end of fiscal 2007 are comprised of lease obligations?
Important information:
table_1: ( $ in millions ) contractual obligations the long-term debt of ( $ in millions ) total is $ 3575.4 ; the long-term debt of ( $ in millions ) less than 1 year is $ 18.2 ; the long-term debt of ( $ in millions ) 1-3 years is $ 48.5 ; the long-term debt of ( $ in millions ) 3-5 years is $ 1226.9 ; the long-term debt of after 5 years is $ 2281.8 ;
table_2: ( $ in millions ) contractual obligations the lease obligations of ( $ in millions ) total is 456.6 ; the lease obligations of ( $ in millions ) less than 1 year is 79.4 ; the lease obligations of ( $ in millions ) 1-3 years is 137.3 ; the lease obligations of ( $ in millions ) 3-5 years is 92.4 ; the lease obligations of after 5 years is 147.5 ;
table_4: ( $ in millions ) contractual obligations the total of ( $ in millions ) total is $ 4220.4 ; the total of ( $ in millions ) less than 1 year is $ 155.1 ; the total of ( $ in millions ) 1-3 years is $ 254.8 ; the total of ( $ in millions ) 3-5 years is $ 1378.3 ; the total of after 5 years is $ 2432.2 ;
Reasoning Steps:
Step: divide2-1(456.6, 4220.4) = 11%
Program:
divide(456.6, 4220.4)
Program (Nested):
divide(456.6, 4220.4)
| 0.10819 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the company consolidates the assets and liabilities of several entities from which it leases office buildings and corporate aircraft . these entities have been determined to be variable interest entities and the company has been determined to be the primary beneficiary of these entities . due to the consolidation of these entities , the company reflects in its balance sheet : property , plant and equipment of $ 156 million and $ 183 million , other assets of $ 14 million and $ 12 million , long-term debt of $ 150 million ( including current maturities of $ 6 million ) and $ 192 million ( including current maturities of $ 8 million ) , minority interest liabilities of $ 22 million and $ 6 million , and other accrued liabilities of $ 1 million and $ 0 , as of may 27 , 2007 and may 28 , 2006 , respectively . the liabilities recognized as a result of consolidating these entities do not represent additional claims on the general assets of the company . the creditors of these entities have claims only on the assets of the specific variable interest entities . obligations and commitments as part of its ongoing operations , the company enters into arrangements that obligate the company to make future payments under contracts such as debt agreements , lease agreements , and unconditional purchase obligations ( i.e. , obligations to transfer funds in the future for fixed or minimum quantities of goods or services at fixed or minimum prices , such as 201ctake-or-pay 201d contracts ) . the unconditional purchase obligation arrangements are entered into by the company in its normal course of business in order to ensure adequate levels of sourced product are available to the company . capital lease and debt obligations , which totaled $ 3.6 billion at may 27 , 2007 , are currently recognized as liabilities in the company 2019s consolidated balance sheet . operating lease obligations and unconditional purchase obligations , which totaled $ 645 million at may 27 , 2007 , are not recognized as liabilities in the company 2019s consolidated balance sheet , in accordance with generally accepted accounting principles . a summary of the company 2019s contractual obligations at the end of fiscal 2007 is as follows ( including obligations of discontinued operations ) : .
Table
( $ in millions ) contractual obligations | ( $ in millions ) total | ( $ in millions ) less than 1 year | ( $ in millions ) 1-3 years | ( $ in millions ) 3-5 years | after 5 years
long-term debt | $ 3575.4 | $ 18.2 | $ 48.5 | $ 1226.9 | $ 2281.8
lease obligations | 456.6 | 79.4 | 137.3 | 92.4 | 147.5
purchase obligations | 188.4 | 57.5 | 69.0 | 59.0 | 2.9
total | $ 4220.4 | $ 155.1 | $ 254.8 | $ 1378.3 | $ 2432.2
the company 2019s total obligations of approximately $ 4.2 billion reflect a decrease of approximately $ 237 million from the company 2019s 2006 fiscal year-end . the decrease was due primarily to a reduction of lease obligations in connection with the sale of the packaged meats operations . the company is also contractually obligated to pay interest on its long-term debt obligations . the weighted average interest rate of the long-term debt obligations outstanding as of may 27 , 2007 was approximately 7.2%. .
Question:
what percentage of the total contractual obligations at the end of fiscal 2007 are comprised of lease obligations?
Important information:
table_1: ( $ in millions ) contractual obligations the long-term debt of ( $ in millions ) total is $ 3575.4 ; the long-term debt of ( $ in millions ) less than 1 year is $ 18.2 ; the long-term debt of ( $ in millions ) 1-3 years is $ 48.5 ; the long-term debt of ( $ in millions ) 3-5 years is $ 1226.9 ; the long-term debt of after 5 years is $ 2281.8 ;
table_2: ( $ in millions ) contractual obligations the lease obligations of ( $ in millions ) total is 456.6 ; the lease obligations of ( $ in millions ) less than 1 year is 79.4 ; the lease obligations of ( $ in millions ) 1-3 years is 137.3 ; the lease obligations of ( $ in millions ) 3-5 years is 92.4 ; the lease obligations of after 5 years is 147.5 ;
table_4: ( $ in millions ) contractual obligations the total of ( $ in millions ) total is $ 4220.4 ; the total of ( $ in millions ) less than 1 year is $ 155.1 ; the total of ( $ in millions ) 1-3 years is $ 254.8 ; the total of ( $ in millions ) 3-5 years is $ 1378.3 ; the total of after 5 years is $ 2432.2 ;
Reasoning Steps:
Step: divide2-1(456.6, 4220.4) = 11%
Program:
divide(456.6, 4220.4)
Program (Nested):
divide(456.6, 4220.4)
| finqa4623 |
in 2013 as part of the company's noncollectable amounts what was the ratio of that amounts written off to the amount recovered
Important information:
table_3: the amounts written off of 2015 is 38 ; the amounts written off of 2014 is 43 ; the amounts written off of 2013 is 24 ;
table_4: the recoveries of amounts written off of 2015 is -10 ( 10 ) ; the recoveries of amounts written off of 2014 is -7 ( 7 ) ; the recoveries of amounts written off of 2013 is -4 ( 4 ) ;
table_5: the balance as of december 31 of 2015 is $ -39 ( 39 ) ; the balance as of december 31 of 2014 is $ -35 ( 35 ) ; the balance as of december 31 of 2013 is $ -34 ( 34 ) ;
Reasoning Steps:
Step: divide1-1(43, const_7) = 6.14
Program:
divide(43, const_7)
Program (Nested):
divide(43, const_7)
| 6.14286 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
note 4 : property , plant and equipment the following table summarizes the major classes of property , plant and equipment by category as of december 31 : 2015 2014 range of remaining useful weighted average useful life utility plant : land and other non-depreciable assets . . . . . . . . . . $ 141 $ 137 sources of supply . . . . . . . . . . . . . . . . . . . . . . . . . . 705 681 12 to 127 years 51 years treatment and pumping facilities . . . . . . . . . . . . . . 3070 2969 3 to 101 years 39 years transmission and distribution facilities . . . . . . . . . 8516 7963 9 to 156 years 83 years services , meters and fire hydrants . . . . . . . . . . . . . 3250 3062 8 to 93 years 35 years general structures and equipment . . . . . . . . . . . . . 1227 1096 1 to 154 years 39 years waste treatment , pumping and disposal . . . . . . . . . 313 281 2 to 115 years 46 years waste collection . . . . . . . . . . . . . . . . . . . . . . . . . . . 473 399 5 to 109 years 56 years construction work in progress . . . . . . . . . . . . . . . . 404 303 total utility plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18099 16891 nonutility property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 405 378 3 to 50 years 6 years total property , plant and equipment . . . . . . . . . . . . . . . $ 18504 $ 17269 property , plant and equipment depreciation expense amounted to $ 405 , $ 392 , and $ 374 for the years ended december 31 , 2015 , 2014 and 2013 , respectively and was included in depreciation and amortization expense in the accompanying consolidated statements of operations . the provision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was 3.13% ( 3.13 % ) for the year ended december 31 , 2015 and 3.20% ( 3.20 % ) for years december 31 , 2014 and 2013 . note 5 : allowance for uncollectible accounts the following table summarizes the changes in the company 2019s allowances for uncollectible accounts for the years ended december 31: .
Table
| 2015 | 2014 | 2013
balance as of january 1 | $ -35 ( 35 ) | $ -34 ( 34 ) | $ -27 ( 27 )
amounts charged to expense | -32 ( 32 ) | -37 ( 37 ) | -27 ( 27 )
amounts written off | 38 | 43 | 24
recoveries of amounts written off | -10 ( 10 ) | -7 ( 7 ) | -4 ( 4 )
balance as of december 31 | $ -39 ( 39 ) | $ -35 ( 35 ) | $ -34 ( 34 )
.
Question:
in 2013 as part of the company's noncollectable amounts what was the ratio of that amounts written off to the amount recovered
Important information:
table_3: the amounts written off of 2015 is 38 ; the amounts written off of 2014 is 43 ; the amounts written off of 2013 is 24 ;
table_4: the recoveries of amounts written off of 2015 is -10 ( 10 ) ; the recoveries of amounts written off of 2014 is -7 ( 7 ) ; the recoveries of amounts written off of 2013 is -4 ( 4 ) ;
table_5: the balance as of december 31 of 2015 is $ -39 ( 39 ) ; the balance as of december 31 of 2014 is $ -35 ( 35 ) ; the balance as of december 31 of 2013 is $ -34 ( 34 ) ;
Reasoning Steps:
Step: divide1-1(43, const_7) = 6.14
Program:
divide(43, const_7)
Program (Nested):
divide(43, const_7)
| finqa4624 |
for 2010 , what were the total number of shares of common stock outstanding , in thousands?
Important information:
table_2: ( in thousands ) the class a common stock of december 31 , 2010 is 66847 ; the class a common stock of december 31 , 2009 is 66511 ;
table_3: ( in thousands ) the class b-1 common stock of december 31 , 2010 is 0.6 ; the class b-1 common stock of december 31 , 2009 is 0.6 ;
table_4: ( in thousands ) the class b-2 common stock of december 31 , 2010 is 0.8 ; the class b-2 common stock of december 31 , 2009 is 0.8 ;
table_5: ( in thousands ) the class b-3 common stock of december 31 , 2010 is 1.3 ; the class b-3 common stock of december 31 , 2009 is 1.3 ;
table_6: ( in thousands ) the class b-4 common stock of december 31 , 2010 is 0.4 ; the class b-4 common stock of december 31 , 2009 is 0.4 ;
Reasoning Steps:
Step: add1-1(66847, 0.6) = 66847.6
Step: add1-2(#0, 0.8) = 66848.4
Step: add1-3(#1, 1.3) = 66848.7
Program:
add(66847, 0.6), add(#0, 0.8), add(#1, 1.3)
Program (Nested):
add(add(add(66847, 0.6), 0.8), 1.3)
| 66849.7 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
interest rate derivatives . in connection with the issuance of floating rate debt in august and october 2008 , the company entered into three interest rate swap contracts , designated as cash flow hedges , for purposes of hedging against a change in interest payments due to fluctuations in the underlying benchmark rate . in december 2010 , the company approved a plan to refinance the term loan in january 2011 resulting in an $ 8.6 million loss on derivative instruments as a result of ineffectiveness on the associated interest rate swap contract . to mitigate counterparty credit risk , the interest rate swap contracts required collateralization by both counterparties for the swaps 2019 aggregate net fair value during their respective terms . collateral was maintained in the form of cash and adjusted on a daily basis . in february 2010 , the company entered into a forward starting interest rate swap contract , designated as a cash flow hedge , for purposes of hedging against a change in interest payments due to fluctuations in the underlying benchmark rate between the date of the swap and the forecasted issuance of fixed rate debt in march 2010 . the swap was highly effective . foreign currency derivatives . in connection with its purchase of bm&fbovespa stock in february 2008 , cme group purchased a put option to hedge against changes in the fair value of bm&fbovespa stock resulting from foreign currency rate fluctuations between the u.s . dollar and the brazilian real ( brl ) beyond the option 2019s exercise price . lehman brothers special financing inc . ( lbsf ) was the sole counterparty to this option contract . on september 15 , 2008 , lehman brothers holdings inc . ( lehman ) filed for protection under chapter 11 of the united states bankruptcy code . the bankruptcy filing of lehman was an event of default that gave the company the right to immediately terminate the put option agreement with lbsf . in march 2010 , the company recognized a $ 6.0 million gain on derivative instruments as a result of a settlement from the lehman bankruptcy proceedings . 21 . capital stock shares outstanding . the following table presents information regarding capital stock: .
Table
( in thousands ) | december 31 , 2010 | december 31 , 2009
shares authorized | 1000000 | 1000000
class a common stock | 66847 | 66511
class b-1 common stock | 0.6 | 0.6
class b-2 common stock | 0.8 | 0.8
class b-3 common stock | 1.3 | 1.3
class b-4 common stock | 0.4 | 0.4
cme group has no shares of preferred stock issued and outstanding . associated trading rights . members of cme , cbot , nymex and comex own or lease trading rights which entitle them to access the trading floors , discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents . each class of cme group class b common stock is associated with a membership in a specific division for trading at cme . a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group . the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below . trading rights at cbot are evidenced by class b memberships in cbot , at nymex by class a memberships in nymex and at comex by comex division memberships in comex . members of the cbot , nymex and comex exchanges do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships . the company is , however , required to have at least 10 cbot directors ( as defined by its bylaws ) until its 2012 annual meeting. .
Question:
for 2010 , what were the total number of shares of common stock outstanding , in thousands?
Important information:
table_2: ( in thousands ) the class a common stock of december 31 , 2010 is 66847 ; the class a common stock of december 31 , 2009 is 66511 ;
table_3: ( in thousands ) the class b-1 common stock of december 31 , 2010 is 0.6 ; the class b-1 common stock of december 31 , 2009 is 0.6 ;
table_4: ( in thousands ) the class b-2 common stock of december 31 , 2010 is 0.8 ; the class b-2 common stock of december 31 , 2009 is 0.8 ;
table_5: ( in thousands ) the class b-3 common stock of december 31 , 2010 is 1.3 ; the class b-3 common stock of december 31 , 2009 is 1.3 ;
table_6: ( in thousands ) the class b-4 common stock of december 31 , 2010 is 0.4 ; the class b-4 common stock of december 31 , 2009 is 0.4 ;
Reasoning Steps:
Step: add1-1(66847, 0.6) = 66847.6
Step: add1-2(#0, 0.8) = 66848.4
Step: add1-3(#1, 1.3) = 66848.7
Program:
add(66847, 0.6), add(#0, 0.8), add(#1, 1.3)
Program (Nested):
add(add(add(66847, 0.6), 0.8), 1.3)
| finqa4625 |
what percentage of restricted shares vest in 2018?
Important information:
table_2: year the 2018 of vesting of restricted shares is 2352443 ;
table_6: year the thereafter of vesting of restricted shares is 110494 ;
table_7: year the total outstanding of vesting of restricted shares is 9038137 ;
Reasoning Steps:
Step: divide2-1(2352443, 9038137) = 26%
Program:
divide(2352443, 9038137)
Program (Nested):
divide(2352443, 9038137)
| 0.26028 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the intrinsic value of restricted stock awards vested during the years ended december 31 , 2016 , 2015 and 2014 was $ 25 million , $ 31 million and $ 17 million , respectively . restricted stock awards made to employees have vesting periods ranging from 1 year with variable vesting dates to 10 years . following is a summary of the future vesting of our outstanding restricted stock awards : vesting of restricted shares .
Table
year | vesting of restricted shares
2017 | 1476832
2018 | 2352443
2019 | 4358728
2020 | 539790
2021 | 199850
thereafter | 110494
total outstanding | 9038137
the related compensation costs less estimated forfeitures is generally recognized ratably over the vesting period of the restricted stock awards . upon vesting , the grants will be paid in our class p common shares . during 2016 , 2015 and 2014 , we recorded $ 66 million , $ 52 million and $ 51 million , respectively , in expense related to restricted stock awards and capitalized approximately $ 9 million , $ 15 million and $ 6 million , respectively . at december 31 , 2016 and 2015 , unrecognized restricted stock awards compensation costs , less estimated forfeitures , was approximately $ 133 million and $ 154 million , respectively . pension and other postretirement benefit plans savings plan we maintain a defined contribution plan covering eligible u.s . employees . we contribute 5% ( 5 % ) of eligible compensation for most of the plan participants . certain plan participants 2019 contributions and company contributions are based on collective bargaining agreements . the total expense for our savings plan was approximately $ 48 million , $ 46 million , and $ 42 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . pension plans our u.s . pension plan is a defined benefit plan that covers substantially all of our u.s . employees and provides benefits under a cash balance formula . a participant in the cash balance plan accrues benefits through contribution credits based on a combination of age and years of service , times eligible compensation . interest is also credited to the participant 2019s plan account . a participant becomes fully vested in the plan after three years , and may take a lump sum distribution upon termination of employment or retirement . certain collectively bargained and grandfathered employees continue to accrue benefits through career pay or final pay formulas . two of our subsidiaries , kinder morgan canada inc . and trans mountain pipeline inc . ( as general partner of trans mountain pipeline l.p. ) , are sponsors of pension plans for eligible canadian and trans mountain pipeline employees . the plans include registered defined benefit pension plans , supplemental unfunded arrangements ( which provide pension benefits in excess of statutory limits ) and defined contributory plans . benefits under the defined benefit components accrue through career pay or final pay formulas . the net periodic benefit costs , contributions and liability amounts associated with our canadian plans are not material to our consolidated income statements or balance sheets ; however , we began to include the activity and balances associated with our canadian plans ( including our canadian opeb plans discussed below ) in the following disclosures on a prospective basis beginning in 2016 . the associated net periodic benefit costs for these combined canadian plans of $ 12 million and $ 10 million for the years ended december 31 , 2015 and 2014 , respectively , were reported separately in prior years . other postretirement benefit plans we and certain of our u.s . subsidiaries provide other postretirement benefits ( opeb ) , including medical benefits for closed groups of retired employees and certain grandfathered employees and their dependents , and limited postretirement life insurance benefits for retired employees . our canadian subsidiaries also provide opeb benefits to current and future retirees and their dependents . medical benefits under these opeb plans may be subject to deductibles , co-payment provisions , dollar .
Question:
what percentage of restricted shares vest in 2018?
Important information:
table_2: year the 2018 of vesting of restricted shares is 2352443 ;
table_6: year the thereafter of vesting of restricted shares is 110494 ;
table_7: year the total outstanding of vesting of restricted shares is 9038137 ;
Reasoning Steps:
Step: divide2-1(2352443, 9038137) = 26%
Program:
divide(2352443, 9038137)
Program (Nested):
divide(2352443, 9038137)
| finqa4626 |
what is the total return if 1000000 is invested in s&p500 in may 31 , 2012 and liquidated in may 31 , 2015?
Important information:
text_1: the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s information technology index on may 31 , 2012 and assumes reinvestment of all dividends .
table_1: the may 31 2012 of globalpayments is $ 100.00 ; the may 31 2012 of s&p500 index is $ 100.00 ; the may 31 2012 of s&pinformationtechnology index is $ 100.00 ;
table_4: the may 31 2015 of globalpayments is 246.72 ; the may 31 2015 of s&p500 index is 171.40 ; the may 31 2015 of s&pinformationtechnology index is 169.46 ;
Key Information: stock performance graph the following graph compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 index for the year ended december 31 , 2017 , the 2016 fiscal transition period , and the years ended may 31 , 2016 , 2015 , 2014 and 2013 .
Reasoning Steps:
Step: minus2-1(171.40, 100) = 71.4
Step: divide2-2(1000000, 100) = 10000
Step: multiply2-3(#1, #0) = 714000
Program:
subtract(171.40, 100), divide(1000000, 100), multiply(#1, #0)
Program (Nested):
multiply(divide(1000000, 100), subtract(171.40, 100))
| 714000.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
stock performance graph the following graph compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 index for the year ended december 31 , 2017 , the 2016 fiscal transition period , and the years ended may 31 , 2016 , 2015 , 2014 and 2013 . the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s information technology index on may 31 , 2012 and assumes reinvestment of all dividends . 5/12 5/165/155/145/13 global payments inc . s&p 500 s&p information technology 12/16 12/17 comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index * $ 100 invested on may 31 , 2012 in stock or index , including reinvestment of dividends . copyright a9 2018 standard & poor 2019s , a division of s&p global . all rights reserved . global payments 500 index information technology .
Table
| globalpayments | s&p500 index | s&pinformationtechnology index
may 31 2012 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2013 | 113.10 | 127.28 | 115.12
may 31 2014 | 161.90 | 153.30 | 142.63
may 31 2015 | 246.72 | 171.40 | 169.46
may 31 2016 | 367.50 | 174.34 | 174.75
december 31 2016 | 328.42 | 188.47 | 194.08
december 31 2017 | 474.52 | 229.61 | 269.45
30 2013 global payments inc . | 2017 form 10-k annual report .
Question:
what is the total return if 1000000 is invested in s&p500 in may 31 , 2012 and liquidated in may 31 , 2015?
Important information:
text_1: the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s information technology index on may 31 , 2012 and assumes reinvestment of all dividends .
table_1: the may 31 2012 of globalpayments is $ 100.00 ; the may 31 2012 of s&p500 index is $ 100.00 ; the may 31 2012 of s&pinformationtechnology index is $ 100.00 ;
table_4: the may 31 2015 of globalpayments is 246.72 ; the may 31 2015 of s&p500 index is 171.40 ; the may 31 2015 of s&pinformationtechnology index is 169.46 ;
Key Information: stock performance graph the following graph compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 index for the year ended december 31 , 2017 , the 2016 fiscal transition period , and the years ended may 31 , 2016 , 2015 , 2014 and 2013 .
Reasoning Steps:
Step: minus2-1(171.40, 100) = 71.4
Step: divide2-2(1000000, 100) = 10000
Step: multiply2-3(#1, #0) = 714000
Program:
subtract(171.40, 100), divide(1000000, 100), multiply(#1, #0)
Program (Nested):
multiply(divide(1000000, 100), subtract(171.40, 100))
| finqa4627 |
what was the change in the total amount of unrecognized tax benefits in 2007in millions?
Important information:
table_5: years ended december 31, the total of federal is $ 1600807 ; the total of state is $ 2111041 ;
text_13: as of january 1 , 2007 , the total amount of unrecognized tax benefits was $ 183.9 million of which $ 34.3 million would affect the effective tax rate , if recognized .
text_14: as of december 31 , 2007 , the total amount of unrecognized tax benefits was $ 59.2 million , $ 23.0 million of which would affect the effective tax rate , if recognized .
Reasoning Steps:
Step: minus1-1(183.9, 59.2) = 124.7
Program:
subtract(183.9, 59.2)
Program (Nested):
subtract(183.9, 59.2)
| 124.7 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , the company increased net deferred tax assets by $ 1.5 million and $ 7.2 million , respectively with a corresponding reduction of goodwill associated with the utilization of net operating and capital losses acquired in connection with the spectrasite , inc . merger . these deferred tax assets were assigned a full valuation allowance as part of the final spectrasite purchase price allocation in june 2006 , as evidence available at the time did not support that losses were more likely than not to be realized . the valuation allowance decreased from $ 308.2 million as of december 31 , 2006 to $ 88.2 million as of december 31 , 2007 . the decrease was primarily due to a $ 149.6 million reclassification to the fin 48 opening balance ( related to federal and state net operating losses acquired in connection with the spectrasite , inc . merger ) and $ 45.2 million of allowance reductions during the year ended december 31 , 2007 related to state net operating losses , capital loss expirations of $ 6.5 million and other items . the company 2019s deferred tax assets as of december 31 , 2007 and 2006 in the table above do not include $ 74.9 million and $ 31.0 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses due to the adoption of sfas no . 123r . total stockholders 2019 equity will be increased by $ 74.9 million if and when any such excess tax benefits are ultimately realized . basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company . at december 31 , 2007 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.6 billion and $ 2.1 billion , respectively . if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .
Table
years ended december 31, | federal | state
2008 to 2012 | | $ 294358
2013 to 2017 | | 561608
2018 to 2022 | $ 466747 | 803201
2023 to 2027 | 1134060 | 451874
total | $ 1600807 | $ 2111041
as described in note 1 , the company adopted the provisions of fin 48 on january 1 , 2007 . as of january 1 , 2007 , the total amount of unrecognized tax benefits was $ 183.9 million of which $ 34.3 million would affect the effective tax rate , if recognized . as of december 31 , 2007 , the total amount of unrecognized tax benefits was $ 59.2 million , $ 23.0 million of which would affect the effective tax rate , if recognized . the company expects the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe . however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , the .
Question:
what was the change in the total amount of unrecognized tax benefits in 2007in millions?
Important information:
table_5: years ended december 31, the total of federal is $ 1600807 ; the total of state is $ 2111041 ;
text_13: as of january 1 , 2007 , the total amount of unrecognized tax benefits was $ 183.9 million of which $ 34.3 million would affect the effective tax rate , if recognized .
text_14: as of december 31 , 2007 , the total amount of unrecognized tax benefits was $ 59.2 million , $ 23.0 million of which would affect the effective tax rate , if recognized .
Reasoning Steps:
Step: minus1-1(183.9, 59.2) = 124.7
Program:
subtract(183.9, 59.2)
Program (Nested):
subtract(183.9, 59.2)
| finqa4628 |
2001 south american revenues were what in millions?
Important information:
table_0: north america the north america of 2001 $ 912 million is 2001 $ 912 million ; the north america of % ( % ) of revenue 25% ( 25 % ) is % ( % ) of revenue 25% ( 25 % ) ; the north america of 2000 $ 844 million is 2000 $ 844 million ; the north america of % ( % ) of revenue 25% ( 25 % ) is % ( % ) of revenue 25% ( 25 % ) ; the north america of % ( % ) change 8% ( 8 % ) is % ( % ) change 8% ( 8 % ) ;
table_1: north america the south america of 2001 $ 912 million is $ 522 million ; the south america of % ( % ) of revenue 25% ( 25 % ) is 30% ( 30 % ) ; the south america of 2000 $ 844 million is $ 416 million ; the south america of % ( % ) of revenue 25% ( 25 % ) is 36% ( 36 % ) ; the south america of % ( % ) change 8% ( 8 % ) is 25% ( 25 % ) ;
Reasoning Steps:
Step: divide2-1(522, 30%) = 1740
Program:
divide(522, 30%)
Program (Nested):
divide(522, 30%)
| 1740.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
of sales , competitive supply gross margin declined in south america , europe/africa and the caribbean and remained relatively flat in north america and asia . large utilities gross margin increased $ 201 million , or 37% ( 37 % ) , to $ 739 million in 2001 from $ 538 million in 2000 . excluding businesses acquired or that commenced commercial operations during 2001 and 2000 , large utilities gross margin increased 10% ( 10 % ) to $ 396 million in 2001 . large utilities gross margin as a percentage of revenues increased to 30% ( 30 % ) in 2001 from 25% ( 25 % ) in 2000 . in the caribbean ( which includes venezuela ) , large utility gross margin increased $ 166 million and was due to a full year of contribution from edc which was acquired in june 2000 . also , in north america , the gross margin contributions from both ipalco and cilcorp increased . growth distribution gross margin increased $ 165 million , or 126% ( 126 % ) to $ 296 million in 2001 from $ 131 million in 2000 . excluding businesses acquired during 2001 and 2000 , growth distribution gross margin increased 93% ( 93 % ) to $ 268 million in 2001 . growth distribution gross margin as a percentage of revenue increased to 18% ( 18 % ) in 2001 from 10% ( 10 % ) in 2000 . growth distribution business gross margin , as well as gross margin as a percentage of sales , increased in south america and the caribbean , but decreased in europe/africa and asia . in south america , growth distribution margin increased $ 157 million and was 38% ( 38 % ) of revenues . the increase is due primarily to sul 2019s sales of excess energy into the southeast market where rationing was taking place . in the caribbean , growth distribution margin increased $ 39 million and was 5% ( 5 % ) of revenues . the increase is due mainly to lower losses at ede este and an increase in contribution from caess . in europe/africa , growth distribution margin decreased $ 10 million and was negative due to losses at sonel . in asia , growth distribution margin decreased $ 18 million and was negative due primarily to an increase in losses at telasi . the breakdown of aes 2019s gross margin for the years ended december 31 , 2001 and 2000 , based on the geographic region in which they were earned , is set forth below. .
Table
north america | 2001 $ 912 million | % ( % ) of revenue 25% ( 25 % ) | 2000 $ 844 million | % ( % ) of revenue 25% ( 25 % ) | % ( % ) change 8% ( 8 % )
south america | $ 522 million | 30% ( 30 % ) | $ 416 million | 36% ( 36 % ) | 25% ( 25 % )
caribbean* | $ 457 million | 25% ( 25 % ) | $ 226 million | 21% ( 21 % ) | 102% ( 102 % )
europe/africa | $ 310 million | 22% ( 22 % ) | $ 371 million | 29% ( 29 % ) | ( 16% ( 16 % ) )
asia | $ 101 million | 15% ( 15 % ) | $ 138 million | 22% ( 22 % ) | ( 27% ( 27 % ) )
* includes venezuela and colombia . selling , general and administrative expenses selling , general and administrative expenses increased $ 38 million , or 46% ( 46 % ) , to $ 120 million in 2001 from $ 82 million in 2000 . selling , general and administrative expenses as a percentage of revenues remained constant at 1% ( 1 % ) in 2001 and 2000 . the overall increase in selling , general and administrative expenses is due to increased development activities . interest expense , net net interest expense increased $ 327 million , or 29% ( 29 % ) , to $ 1.5 billion in 2001 from $ 1.1 billion in 2000 . net interest expense as a percentage of revenues increased to 16% ( 16 % ) in 2001 from 15% ( 15 % ) in 2000 . net interest expense increased overall primarily due to interest expense at new businesses , additional corporate interest expense arising from senior debt issued during 2001 to finance new investments and mark-to-market losses on interest rate related derivative instruments. .
Question:
2001 south american revenues were what in millions?
Important information:
table_0: north america the north america of 2001 $ 912 million is 2001 $ 912 million ; the north america of % ( % ) of revenue 25% ( 25 % ) is % ( % ) of revenue 25% ( 25 % ) ; the north america of 2000 $ 844 million is 2000 $ 844 million ; the north america of % ( % ) of revenue 25% ( 25 % ) is % ( % ) of revenue 25% ( 25 % ) ; the north america of % ( % ) change 8% ( 8 % ) is % ( % ) change 8% ( 8 % ) ;
table_1: north america the south america of 2001 $ 912 million is $ 522 million ; the south america of % ( % ) of revenue 25% ( 25 % ) is 30% ( 30 % ) ; the south america of 2000 $ 844 million is $ 416 million ; the south america of % ( % ) of revenue 25% ( 25 % ) is 36% ( 36 % ) ; the south america of % ( % ) change 8% ( 8 % ) is 25% ( 25 % ) ;
Reasoning Steps:
Step: divide2-1(522, 30%) = 1740
Program:
divide(522, 30%)
Program (Nested):
divide(522, 30%)
| finqa4629 |
what was the percent cumulative total return on citigroup's common stock for five year period ended 2009?
Important information:
text_1: the graph assumes that $ 100 was invested on december 31 , 2004 in citigroup 2019s common stock , the s&p 500 index and the s&p financial index and that all dividends were reinvested .
table_1: december 31 the 2005 of citigroup is 104.38 ; the 2005 of s&p 500 index is 104.83 ; the 2005 of s&p financial index is 106.30 ;
table_5: december 31 the 2009 of citigroup is 9.26 ; the 2009 of s&p 500 index is 102.15 ; the 2009 of s&p financial index is 55.27 ;
Key Information: comparison of five-year cumulative total return the following graph compares the cumulative total return on citigroup 2019s common stock with the s&p 500 index and the s&p financial index over the five-year period extending through december 31 , 2009 .
Reasoning Steps:
Step: minus1-1(9.26, 100) = -90.74
Step: divide1-2(#0, 100) = -90.74%
Program:
subtract(9.26, 100), divide(#0, 100)
Program (Nested):
divide(subtract(9.26, 100), 100)
| -0.9074 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
comparison of five-year cumulative total return the following graph compares the cumulative total return on citigroup 2019s common stock with the s&p 500 index and the s&p financial index over the five-year period extending through december 31 , 2009 . the graph assumes that $ 100 was invested on december 31 , 2004 in citigroup 2019s common stock , the s&p 500 index and the s&p financial index and that all dividends were reinvested . citigroup s&p 500 index s&p financial index 2005 2006 2007 2008 2009 comparison of five-year cumulative total return for the years ended .
Table
december 31 | citigroup | s&p 500 index | s&p financial index
2005 | 104.38 | 104.83 | 106.30
2006 | 124.02 | 121.20 | 126.41
2007 | 70.36 | 127.85 | 103.47
2008 | 18.71 | 81.12 | 47.36
2009 | 9.26 | 102.15 | 55.27
.
Question:
what was the percent cumulative total return on citigroup's common stock for five year period ended 2009?
Important information:
text_1: the graph assumes that $ 100 was invested on december 31 , 2004 in citigroup 2019s common stock , the s&p 500 index and the s&p financial index and that all dividends were reinvested .
table_1: december 31 the 2005 of citigroup is 104.38 ; the 2005 of s&p 500 index is 104.83 ; the 2005 of s&p financial index is 106.30 ;
table_5: december 31 the 2009 of citigroup is 9.26 ; the 2009 of s&p 500 index is 102.15 ; the 2009 of s&p financial index is 55.27 ;
Key Information: comparison of five-year cumulative total return the following graph compares the cumulative total return on citigroup 2019s common stock with the s&p 500 index and the s&p financial index over the five-year period extending through december 31 , 2009 .
Reasoning Steps:
Step: minus1-1(9.26, 100) = -90.74
Step: divide1-2(#0, 100) = -90.74%
Program:
subtract(9.26, 100), divide(#0, 100)
Program (Nested):
divide(subtract(9.26, 100), 100)
| finqa4630 |
what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 is short term for the year 2014?
Important information:
table_3: in millions the lease obligations of 2013 is 198 ; the lease obligations of 2014 is 136 ; the lease obligations of 2015 is 106 ; the lease obligations of 2016 is 70 ; the lease obligations of 2017 is 50 ; the lease obligations of thereafter is 141 ;
table_4: in millions the purchase obligations ( c ) of 2013 is 3213 ; the purchase obligations ( c ) of 2014 is 828 ; the purchase obligations ( c ) of 2015 is 722 ; the purchase obligations ( c ) of 2016 is 620 ; the purchase obligations ( c ) of 2017 is 808 ; the purchase obligations ( c ) of thereafter is 2654 ;
table_5: in millions the total ( d ) of 2013 is $ 3855 ; the total ( d ) of 2014 is $ 1672 ; the total ( d ) of 2015 is $ 1307 ; the total ( d ) of 2016 is $ 6434 ; the total ( d ) of 2017 is $ 1074 ; the total ( d ) of thereafter is $ 10517 ;
Reasoning Steps:
Step: add2-1(136, 828) = 964
Step: divide2-2(#0, 1672) = 58%
Program:
add(136, 828), divide(#0, 1672)
Program (Nested):
divide(add(136, 828), 1672)
| 0.57656 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
through current cash balances and cash from oper- ations . additionally , the company has existing credit facilities totaling $ 2.5 billion . the company was in compliance with all its debt covenants at december 31 , 2012 . the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) . net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges . the calcu- lation also excludes accumulated other compre- hensive income/loss and nonrecourse financial liabilities of special purpose entities . the total debt- to-capital ratio is defined as total debt divided by the sum of total debt plus net worth . at december 31 , 2012 , international paper 2019s net worth was $ 13.9 bil- lion , and the total-debt-to-capital ratio was 42% ( 42 % ) . the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows . funding decisions will be guided by our capi- tal structure planning objectives . the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense . the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors . maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy . at december 31 , 2012 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by s&p and moody 2019s , respectively . contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 , were as follows: .
Table
in millions | 2013 | 2014 | 2015 | 2016 | 2017 | thereafter
maturities of long-term debt ( a ) | $ 444 | $ 708 | $ 479 | $ 571 | $ 216 | $ 7722
debt obligations with right of offset ( b ) | 2014 | 2014 | 2014 | 5173 | 2014 | 2014
lease obligations | 198 | 136 | 106 | 70 | 50 | 141
purchase obligations ( c ) | 3213 | 828 | 722 | 620 | 808 | 2654
total ( d ) | $ 3855 | $ 1672 | $ 1307 | $ 6434 | $ 1074 | $ 10517
( a ) total debt includes scheduled principal payments only . ( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities . accordingly , in its con- solidated balance sheet at december 31 , 2012 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.2 billion of debt obligations held by the entities ( see note 11 variable interest entities and preferred securities of subsidiaries on pages 69 through 72 in item 8 . financial statements and supplementary data ) . ( c ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forest- land sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . ( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax bene- fits of approximately $ 620 million . we consider the undistributed earnings of our for- eign subsidiaries as of december 31 , 2012 , to be indefinitely reinvested and , accordingly , no u.s . income taxes have been provided thereon . as of december 31 , 2012 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 840 million . we do not anticipate the need to repatriate funds to the united states to sat- isfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs asso- ciated with our domestic debt service requirements . pension obligations and funding at december 31 , 2012 , the projected benefit obliga- tion for the company 2019s u.s . defined benefit plans determined under u.s . gaap was approximately $ 4.1 billion higher than the fair value of plan assets . approximately $ 3.7 billion of this amount relates to plans that are subject to minimum funding require- ments . under current irs funding rules , the calcu- lation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes . in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s . congress which provided for pension funding relief and technical corrections . funding contributions depend on the funding method selected by the company , and the timing of its implementation , as well as on actual demo- graphic data and the targeted funding level . the company continually reassesses the amount and timing of any discretionary contributions and elected to make voluntary contributions totaling $ 44 million and $ 300 million for the years ended december 31 , 2012 and 2011 , respectively . at this time , we expect that required contributions to its plans in 2013 will be approximately $ 31 million , although the company may elect to make future voluntary contributions . the timing and amount of future contributions , which could be material , will depend on a number of factors , including the actual earnings and changes in values of plan assets and changes in interest rates . ilim holding s.a . shareholder 2019s agreement in october 2007 , in connection with the for- mation of the ilim holding s.a . joint venture , international paper entered into a share- holder 2019s agreement that includes provisions relating to the reconciliation of disputes among the partners . this agreement provides that at .
Question:
what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 is short term for the year 2014?
Important information:
table_3: in millions the lease obligations of 2013 is 198 ; the lease obligations of 2014 is 136 ; the lease obligations of 2015 is 106 ; the lease obligations of 2016 is 70 ; the lease obligations of 2017 is 50 ; the lease obligations of thereafter is 141 ;
table_4: in millions the purchase obligations ( c ) of 2013 is 3213 ; the purchase obligations ( c ) of 2014 is 828 ; the purchase obligations ( c ) of 2015 is 722 ; the purchase obligations ( c ) of 2016 is 620 ; the purchase obligations ( c ) of 2017 is 808 ; the purchase obligations ( c ) of thereafter is 2654 ;
table_5: in millions the total ( d ) of 2013 is $ 3855 ; the total ( d ) of 2014 is $ 1672 ; the total ( d ) of 2015 is $ 1307 ; the total ( d ) of 2016 is $ 6434 ; the total ( d ) of 2017 is $ 1074 ; the total ( d ) of thereafter is $ 10517 ;
Reasoning Steps:
Step: add2-1(136, 828) = 964
Step: divide2-2(#0, 1672) = 58%
Program:
add(136, 828), divide(#0, 1672)
Program (Nested):
divide(add(136, 828), 1672)
| finqa4631 |
what was the approximate value of kelway in the fourth quarter of 2014 , in millions?
Important information:
text_2: components of our cash conversion cycle are as follows: .
text_3: ( 1 ) represents the rolling three-month average of the balance of trade accounts receivable , net at the end of the period divided by average daily net sales for the same three-month period .
text_19: we paid $ 86.8 million in the fourth quarter of 2014 to acquire a 35% ( 35 % ) non-controlling interest in kelway .
Reasoning Steps:
Step: divide2-1(const_100, 35) = 2.86
Step: multiply2-2(#0, 86.8) = 248.29
Program:
divide(const_100, 35), multiply(#0, 86.8)
Program (Nested):
multiply(divide(const_100, 35), 86.8)
| 248.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents ( 4 ) the decline in cash flows was driven by the timing of inventory purchases at the end of 2014 versus 2013 . in order to manage our working capital and operating cash needs , we monitor our cash conversion cycle , defined as days of sales outstanding in accounts receivable plus days of supply in inventory minus days of purchases outstanding in accounts payable , based on a rolling three-month average . components of our cash conversion cycle are as follows: .
Table
( in days ) | december 31 , 2015 | december 31 , 2014 | december 31 , 2013
days of sales outstanding ( dso ) ( 1 ) | 48 | 42 | 44
days of supply in inventory ( dio ) ( 2 ) | 13 | 13 | 14
days of purchases outstanding ( dpo ) ( 3 ) | -40 ( 40 ) | -34 ( 34 ) | -35 ( 35 )
cash conversion cycle | 21 | 21 | 23
( 1 ) represents the rolling three-month average of the balance of trade accounts receivable , net at the end of the period divided by average daily net sales for the same three-month period . also incorporates components of other miscellaneous receivables . ( 2 ) represents the rolling three-month average of the balance of merchandise inventory at the end of the period divided by average daily cost of goods sold for the same three-month period . ( 3 ) represents the rolling three-month average of the combined balance of accounts payable-trade , excluding cash overdrafts , and accounts payable-inventory financing at the end of the period divided by average daily cost of goods sold for the same three-month period . the cash conversion cycle remained at 21 days at december 31 , 2015 and december 31 , 2014 . the increase in dso was primarily driven by a higher accounts receivable balance at december 31 , 2015 driven by higher public segment sales where customers generally take longer to pay than customers in our corporate segment , slower government payments in certain states due to budget issues and an increase in net sales and related accounts receivable for third-party services such as software assurance and warranties . these services have an unfavorable impact on dso as the receivable is recognized on the balance sheet on a gross basis while the corresponding sales amount in the statement of operations is recorded on a net basis . these services have a favorable impact on dpo as the payable is recognized on the balance sheet without a corresponding cost of sale in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales . in addition to the impact of these services on dpo , dpo also increased due to the mix of payables with certain vendors that have longer payment terms . the cash conversion cycle decreased to 21 days at december 31 , 2014 compared to 23 days at december 31 , 2013 , primarily driven by improvement in dso . the decline in dso was primarily driven by improved collections and early payments from certain customers . additionally , the timing of inventory receipts at the end of 2014 had a favorable impact on dio and an unfavorable impact on dpo . investing activities net cash used in investing activities increased $ 189.6 million in 2015 compared to 2014 . the increase was primarily due to the completion of the acquisition of kelway by purchasing the remaining 65% ( 65 % ) of its outstanding common stock on august 1 , 2015 . additionally , capital expenditures increased $ 35.1 million to $ 90.1 million from $ 55.0 million for 2015 and 2014 , respectively , primarily for our new office location and an increase in spending related to improvements to our information technology systems . net cash used in investing activities increased $ 117.7 million in 2014 compared to 2013 . we paid $ 86.8 million in the fourth quarter of 2014 to acquire a 35% ( 35 % ) non-controlling interest in kelway . additionally , capital expenditures increased $ 7.9 million to $ 55.0 million from $ 47.1 million in 2014 and 2013 , respectively , primarily for improvements to our information technology systems during both years . financing activities net cash used in financing activities increased $ 114.5 million in 2015 compared to 2014 . the increase was primarily driven by share repurchases during the year ended december 31 , 2015 which resulted in an increase in cash used for financing activities of $ 241.3 million . for more information on our share repurchase program , see item 5 , 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . 201d the increase was partially offset by the changes in accounts payable-inventory financing , which resulted in an increase in cash provided for financing activities of $ 20.4 million , and the net impact of our debt transactions which resulted in cash outflows of $ 7.1 million and $ 145.9 million during the years .
Question:
what was the approximate value of kelway in the fourth quarter of 2014 , in millions?
Important information:
text_2: components of our cash conversion cycle are as follows: .
text_3: ( 1 ) represents the rolling three-month average of the balance of trade accounts receivable , net at the end of the period divided by average daily net sales for the same three-month period .
text_19: we paid $ 86.8 million in the fourth quarter of 2014 to acquire a 35% ( 35 % ) non-controlling interest in kelway .
Reasoning Steps:
Step: divide2-1(const_100, 35) = 2.86
Step: multiply2-2(#0, 86.8) = 248.29
Program:
divide(const_100, 35), multiply(#0, 86.8)
Program (Nested):
multiply(divide(const_100, 35), 86.8)
| finqa4632 |
what is the lobor rate as of october 31 , 2009?
Important information:
text_0: 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 ) .
text_14: dollar , would have on the fair value of our forward exchange contracts as of october 31 , 2009 and november 1 , 2008: .
text_47: dollar .
Reasoning Steps:
Step: minus2-1(2.34%, 2.05%) = 29.0%
Program:
subtract(2.34%, 2.05%)
Program (Nested):
subtract(2.34%, 2.05%)
| 0.0029 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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
| 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 )
fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset ( liability ) . . . . . . . . . $ 20132 $ ( 9457 ) fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability . . . . . . . . . . . . . . . . . . . . . . $ ( 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?
Important information:
text_0: 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 ) .
text_14: dollar , would have on the fair value of our forward exchange contracts as of october 31 , 2009 and november 1 , 2008: .
text_47: dollar .
Reasoning Steps:
Step: minus2-1(2.34%, 2.05%) = 29.0%
Program:
subtract(2.34%, 2.05%)
Program (Nested):
subtract(2.34%, 2.05%)
| finqa4633 |
how much less than 2016 did entergy receive from the money pool in 2017 ? ( in thousand $ )
Important information:
text_4: entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
table_1: 2017 the ( in thousands ) of 2016 is ( in thousands ) ; the ( in thousands ) of 2015 is ( in thousands ) ; the ( in thousands ) of 2014 is ( in thousands ) ;
table_2: 2017 the $ 12723 of 2016 is $ 14215 ; the $ 12723 of 2015 is $ 15794 ; the $ 12723 of 2014 is $ 442 ;
Reasoning Steps:
Step: minus1-1(14215, 12723) = 1492
Program:
subtract(14215, 12723)
Program (Nested):
subtract(14215, 12723)
| 1492.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the city council 2019s advisors and entergy new orleans . in february 2018 the city council approved the settlement , which deferred cost recovery to the 2018 entergy new orleans rate case , but also stated that an adjustment for 2018-2019 ami costs can be filed in the rate case and that , for all subsequent ami costs , the mechanism to be approved in the 2018 rate case will allow for the timely recovery of such costs . sources of capital entergy new orleans 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt and preferred membership interest issuances ; and 2022 bank financing under new or existing facilities . entergy new orleans may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest rates are favorable . entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
Table
2017 | 2016 | 2015 | 2014
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 12723 | $ 14215 | $ 15794 | $ 442
see note 4 to the financial statements for a description of the money pool . entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 . the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility . in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . a0 as of december 31 , 2017 , a $ 1.4 million letter of credit was outstanding under entergy new orleans 2019s letter of credit a0facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy new orleans obtained authorization from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 150 million at any time outstanding and long-term borrowings and securities issuances . see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits . the long-term securities issuances of entergy new orleans are limited to amounts authorized not only by the ferc , but also by the city council , and the current city council authorization extends through june 2018 . entergy new orleans , llc and subsidiaries management 2019s financial discussion and analysis state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity . entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers . retail rates see 201calgiers asset transfer 201d below for discussion of the algiers asset transfer . as a provision of the settlement agreement approved by the city council in may 2015 providing for the algiers asset transfer , it was agreed that , with limited exceptions , no action may be taken with respect to entergy new orleans 2019s base rates until rates are implemented .
Question:
how much less than 2016 did entergy receive from the money pool in 2017 ? ( in thousand $ )
Important information:
text_4: entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
table_1: 2017 the ( in thousands ) of 2016 is ( in thousands ) ; the ( in thousands ) of 2015 is ( in thousands ) ; the ( in thousands ) of 2014 is ( in thousands ) ;
table_2: 2017 the $ 12723 of 2016 is $ 14215 ; the $ 12723 of 2015 is $ 15794 ; the $ 12723 of 2014 is $ 442 ;
Reasoning Steps:
Step: minus1-1(14215, 12723) = 1492
Program:
subtract(14215, 12723)
Program (Nested):
subtract(14215, 12723)
| finqa4634 |
what is the dividend payout in 2010?
Important information:
table_1: ( in millions of u.s . dollars ) the balance beginning of year of 2010 is $ 19667 ;
table_2: ( in millions of u.s . dollars ) the net income of 2010 is 3108 ;
table_3: ( in millions of u.s . dollars ) the dividends declared on common shares of 2010 is -443 ( 443 ) ;
Reasoning Steps:
Step: divide2-1(443, 3108) = 14.3%
Program:
divide(443, 3108)
Program (Nested):
divide(443, 3108)
| 0.14254 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following table reports the significant movements in our shareholders 2019 equity for the year ended december 31 , 2010. .
Table
( 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
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 dividend payout in 2010?
Important information:
table_1: ( in millions of u.s . dollars ) the balance beginning of year of 2010 is $ 19667 ;
table_2: ( in millions of u.s . dollars ) the net income of 2010 is 3108 ;
table_3: ( in millions of u.s . dollars ) the dividends declared on common shares of 2010 is -443 ( 443 ) ;
Reasoning Steps:
Step: divide2-1(443, 3108) = 14.3%
Program:
divide(443, 3108)
Program (Nested):
divide(443, 3108)
| finqa4635 |
in millions , how much compensation expense was attributable to directors in the years ended december 31 , 2015 through 2017?
Important information:
text_5: the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .
table_5: the outstanding at december 31 2017 of number of shares is 1559231 ; the outstanding at december 31 2017 of weightedaveragegrant datefair value is 116 ;
text_19: expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .
Reasoning Steps:
Step: add1-1(2.4, 2.5) = 4.9
Step: add1-2(#0, 2.5) = 7.4
Program:
add(2.4, 2.5), add(#0, 2.5)
Program (Nested):
add(add(2.4, 2.5), 2.5)
| 7.4 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
in 2017 , the company granted 440076 shares of restricted class a common stock and 7568 shares of restricted stock units . restricted common stock and restricted stock units generally have a vesting period of two to four years . the fair value related to these grants was $ 58.7 million , which is recognized as compensation expense on an accelerated basis over the vesting period . dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . in 2017 , the company also granted 203298 performance shares . the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period . the vesting of these shares is contingent on meeting stated performance or market conditions . the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2017 : number of shares weighted average grant date fair value .
Table
| number of shares | weightedaveragegrant datefair value
outstanding at december 31 2016 | 1820578 | $ 98
granted | 650942 | 129
vested | -510590 ( 510590 ) | 87
cancelled | -401699 ( 401699 ) | 95
outstanding at december 31 2017 | 1559231 | 116
the total fair value of restricted stock , restricted stock units , and performance shares that vested during 2017 , 2016 and 2015 was $ 66.0 million , $ 59.8 million and $ 43.3 million , respectively . under the espp , eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2017 , 2016 and 2015 , a total of 19936 , 19858 and 19756 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.3 million for the purchase discount was recognized in 2017 , and $ 0.2 million was recognized in both 2016 and 2015 . non-executive directors receive an annual award of class a common stock with a value equal to $ 100000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 60000 , in shares of stock based on the closing price at the date of distribution . as a result , 19736 shares , 26439 shares and 25853 shares of class a common stock were issued to non-executive directors during 2017 , 2016 and 2015 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .
Question:
in millions , how much compensation expense was attributable to directors in the years ended december 31 , 2015 through 2017?
Important information:
text_5: the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .
table_5: the outstanding at december 31 2017 of number of shares is 1559231 ; the outstanding at december 31 2017 of weightedaveragegrant datefair value is 116 ;
text_19: expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .
Reasoning Steps:
Step: add1-1(2.4, 2.5) = 4.9
Step: add1-2(#0, 2.5) = 7.4
Program:
add(2.4, 2.5), add(#0, 2.5)
Program (Nested):
add(add(2.4, 2.5), 2.5)
| finqa4636 |
what portion of the total shares subject to outstanding awards is under the 2009 global incentive plan?
Important information:
text_4: the 2009 global incentive plan ( 201cgip 201d ) enables the compensation committee of the board of directors to award incentive and nonqualified stock options , stock appreciation rights , shares of series a common stock , restricted stock , restricted stock units ( 201crsus 201d ) and incentive bonuses ( which may be paid in cash or stock or a combination thereof ) , any of which may be performance-based , with vesting and other award provisions that provide effective incentive to company employees ( including officers ) , non-management directors and other service providers .
table_1: the 2009 global incentive plan of shares available for awards is 2322450 ; the 2009 global incentive plan of shares subject to outstanding awards is 2530454 ;
table_2: the 2004 stock incentive plan of shares available for awards is - ; the 2004 stock incentive plan of shares subject to outstanding awards is 5923147 ;
Reasoning Steps:
Step: add2-1(2530454, 5923147) = 8453601
Step: divide2-2(5923147, #0) = 70.1%
Program:
add(2530454, 5923147), divide(5923147, #0)
Program (Nested):
divide(5923147, add(2530454, 5923147))
| 0.70067 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
tax returns for 2001 and beyond are open for examination under statute . currently , unrecognized tax benefits are not expected to change significantly over the next 12 months . 19 . stock-based and other management compensation plans in april 2009 , the company approved a global incentive plan which replaces the company 2019s 2004 stock incentive plan . the 2009 global incentive plan ( 201cgip 201d ) enables the compensation committee of the board of directors to award incentive and nonqualified stock options , stock appreciation rights , shares of series a common stock , restricted stock , restricted stock units ( 201crsus 201d ) and incentive bonuses ( which may be paid in cash or stock or a combination thereof ) , any of which may be performance-based , with vesting and other award provisions that provide effective incentive to company employees ( including officers ) , non-management directors and other service providers . under the 2009 gip , the company no longer can grant rsus with the right to participate in dividends or dividend equivalents . the maximum number of shares that may be issued under the 2009 gip is equal to 5350000 shares plus ( a ) any shares of series a common stock that remain available for issuance under the 2004 stock incentive plan ( 201csip 201d ) ( not including any shares of series a common stock that are subject to outstanding awards under the 2004 sip or any shares of series a common stock that were issued pursuant to awards under the 2004 sip ) and ( b ) any awards under the 2004 stock incentive plan that remain outstanding that cease for any reason to be subject to such awards ( other than by reason of exercise or settlement of the award to the extent that such award is exercised for or settled in vested and non-forfeitable shares ) . as of december 31 , 2010 , total shares available for awards and total shares subject to outstanding awards are as follows : shares available for awards shares subject to outstanding awards .
Table
| shares available for awards | shares subject to outstanding awards
2009 global incentive plan | 2322450 | 2530454
2004 stock incentive plan | - | 5923147
upon the termination of a participant 2019s employment with the company by reason of death or disability or by the company without cause ( as defined in the respective award agreements ) , an award in amount equal to ( i ) the value of the award granted multiplied by ( ii ) a fraction , ( x ) the numerator of which is the number of full months between grant date and the date of such termination , and ( y ) the denominator of which is the term of the award , such product to be rounded down to the nearest whole number , and reduced by ( iii ) the value of any award that previously vested , shall immediately vest and become payable to the participant . upon the termination of a participant 2019s employment with the company for any other reason , any unvested portion of the award shall be forfeited and cancelled without consideration . there was $ 19 million and $ 0 million of tax benefit realized from stock option exercises and vesting of rsus during the years ended december 31 , 2010 and 2009 , respectively . during the year ended december 31 , 2008 the company reversed $ 8 million of the $ 19 million tax benefit that was realized during the year ended december 31 , 2007 . deferred compensation in april 2007 , certain participants in the company 2019s 2004 deferred compensation plan elected to participate in a revised program , which includes both cash awards and restricted stock units ( see restricted stock units below ) . based on participation in the revised program , the company expensed $ 9 million , $ 10 million and $ 8 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively , related to the revised program and made payments of $ 4 million during the year ended december 31 , 2010 to participants who left the company and $ 28 million to active employees during december 2010 . as of december 31 , 2010 , $ 1 million remains to be paid during 2011 under the revised program . as of december 31 , 2009 , there was no deferred compensation payable remaining associated with the 2004 deferred compensation plan . the company recorded expense related to participants continuing in the 2004 deferred %%transmsg*** transmitting job : d77691 pcn : 132000000 ***%%pcmsg|132 |00011|yes|no|02/09/2011 18:22|0|0|page is valid , no graphics -- color : n| .
Question:
what portion of the total shares subject to outstanding awards is under the 2009 global incentive plan?
Important information:
text_4: the 2009 global incentive plan ( 201cgip 201d ) enables the compensation committee of the board of directors to award incentive and nonqualified stock options , stock appreciation rights , shares of series a common stock , restricted stock , restricted stock units ( 201crsus 201d ) and incentive bonuses ( which may be paid in cash or stock or a combination thereof ) , any of which may be performance-based , with vesting and other award provisions that provide effective incentive to company employees ( including officers ) , non-management directors and other service providers .
table_1: the 2009 global incentive plan of shares available for awards is 2322450 ; the 2009 global incentive plan of shares subject to outstanding awards is 2530454 ;
table_2: the 2004 stock incentive plan of shares available for awards is - ; the 2004 stock incentive plan of shares subject to outstanding awards is 5923147 ;
Reasoning Steps:
Step: add2-1(2530454, 5923147) = 8453601
Step: divide2-2(5923147, #0) = 70.1%
Program:
add(2530454, 5923147), divide(5923147, #0)
Program (Nested):
divide(5923147, add(2530454, 5923147))
| finqa4637 |
what is the average price at issuance?
Important information:
text_4: the issuance was comprised of the following four series of notes : senior notes par value discount at issuance net price at issuance issuance cost net proceeds .
table_1: senior notes the 3.50% ( 3.50 % ) senior notes due 2020 of par value is $ 500.0 ; the 3.50% ( 3.50 % ) senior notes due 2020 of discount at issuance is $ 1.0 ; the 3.50% ( 3.50 % ) senior notes due 2020 of net price at issuance is $ 499.0 ; the 3.50% ( 3.50 % ) senior notes due 2020 of issuance cost is $ 2.9 ; the 3.50% ( 3.50 % ) senior notes due 2020 of net proceeds is $ 496.1 ;
table_5: senior notes the total of par value is $ 2000.0 ; the total of discount at issuance is $ 5.8 ; the total of net price at issuance is $ 1994.2 ; the total of issuance cost is $ 16.1 ; the total of net proceeds is $ 1978.1 ;
Reasoning Steps:
Step: divide2-1(1994.2, const_4) = 498.55
Program:
divide(1994.2, const_4)
Program (Nested):
divide(1994.2, const_4)
| 498.55 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) debt transactions see note 6 for further information regarding the company 2019s acquisition of acxiom ( the 201cacxiom acquisition 201d ) on october 1 , 2018 ( the 201cclosing date 201d ) . senior notes on september 21 , 2018 , in order to fund the acxiom acquisition and related fees and expenses , we issued a total of $ 2000.0 in aggregate principal amount of unsecured senior notes ( in four separate series of $ 500.0 each , together , the 201csenior notes 201d ) . upon issuance , the senior notes were reflected on our consolidated balance sheets net of discount of $ 5.8 and net of the capitalized debt issuance costs , including commissions and offering expenses of $ 16.1 , both of which will be amortized in interest expense through the respective maturity dates of each series of senior notes using the effective interest method . interest is payable semi-annually in arrears on april 1st and october 1st of each year , commencing on april 1 , 2019 . the issuance was comprised of the following four series of notes : senior notes par value discount at issuance net price at issuance issuance cost net proceeds .
Table
senior notes | par value | discount at issuance | net price at issuance | issuance cost | net proceeds
3.50% ( 3.50 % ) senior notes due 2020 | $ 500.0 | $ 1.0 | $ 499.0 | $ 2.9 | $ 496.1
3.75% ( 3.75 % ) senior notes due 2021 | 500.0 | 0.3 | 499.7 | 3.2 | 496.5
4.65% ( 4.65 % ) senior notes due 2028 | 500.0 | 1.7 | 498.3 | 4.4 | 493.9
5.40% ( 5.40 % ) senior notes due 2048 | 500.0 | 2.8 | 497.2 | 5.6 | 491.6
total | $ 2000.0 | $ 5.8 | $ 1994.2 | $ 16.1 | $ 1978.1
consistent with our other debt securities , the newly issued senior notes include covenants that , among other things , limit our liens and the liens of certain of our consolidated subsidiaries , but do not require us to maintain any financial ratios or specified levels of net worth or liquidity . we may redeem each series of the senior notes at any time in whole or from time to time in part in accordance with the provisions of the indenture , including the applicable supplemental indenture , under which such series of senior notes was issued . if the acxiom acquisition had been terminated or had not closed on or prior to june 30 , 2019 , we would have been required to redeem the senior notes due 2020 , 2021 and 2028 at a redemption price equal to 101% ( 101 % ) of the principal amount thereof , plus accrued and unpaid interest . additionally , upon the occurrence of a change of control repurchase event with respect to the senior notes , each holder of the senior notes has the right to require the company to purchase that holder 2019s senior notes at a price equal to 101% ( 101 % ) of the principal amount thereof , plus accrued and unpaid interest , unless the company has exercised its option to redeem all the senior notes . term loan agreement on october 1 , 2018 , in order to fund the acxiom acquisition and related fees and expenses , we borrowed $ 500.0 through debt financing arrangements with third-party lenders under a three-year term loan agreement ( the 201cterm loan agreement 201d ) , $ 100.0 of which we paid down on december 3 , 2018 . consistent with our other debt securities , the term loan agreement includes covenants that , among other things , limit our liens and the liens of certain of our consolidated subsidiaries . in addition , it requires us to maintain the same financial maintenance covenants as discussed below . loans under the term loan bear interest at a variable rate based on , at the company 2019s option , either the base rate or the eurodollar rate ( each as defined in the term loan agreement ) plus an applicable margin that is determined based on our credit ratings . as of december 31 , 2018 , the applicable margin was 0.25% ( 0.25 % ) for base rate loans and 1.25% ( 1.25 % ) for eurodollar rate loans. .
Question:
what is the average price at issuance?
Important information:
text_4: the issuance was comprised of the following four series of notes : senior notes par value discount at issuance net price at issuance issuance cost net proceeds .
table_1: senior notes the 3.50% ( 3.50 % ) senior notes due 2020 of par value is $ 500.0 ; the 3.50% ( 3.50 % ) senior notes due 2020 of discount at issuance is $ 1.0 ; the 3.50% ( 3.50 % ) senior notes due 2020 of net price at issuance is $ 499.0 ; the 3.50% ( 3.50 % ) senior notes due 2020 of issuance cost is $ 2.9 ; the 3.50% ( 3.50 % ) senior notes due 2020 of net proceeds is $ 496.1 ;
table_5: senior notes the total of par value is $ 2000.0 ; the total of discount at issuance is $ 5.8 ; the total of net price at issuance is $ 1994.2 ; the total of issuance cost is $ 16.1 ; the total of net proceeds is $ 1978.1 ;
Reasoning Steps:
Step: divide2-1(1994.2, const_4) = 498.55
Program:
divide(1994.2, const_4)
Program (Nested):
divide(1994.2, const_4)
| finqa4638 |
what portion of the entergy arkansas payment goes to entergy texas?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 156 ;
table_6: the entergy texas of payments ( receipts ) ( in millions ) is ( $ 43 ) ;
text_20: the preliminary estimate was recorded based on the following estimate of the payments/receipts among the utility operating companies for 2014. .
Reasoning Steps:
Step: divide2-1(43, 156) = 27.6%
Program:
divide(43, 156)
Program (Nested):
divide(43, 156)
| 0.27564 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries notes to financial statements equitable discretion and not require refunds for the 20-month period from september 13 , 2001 - may 2 , 2003 . because the ruling on refunds relied on findings in the interruptible load proceeding , which is discussed in a separate section below , the ferc concluded that the refund ruling will be held in abeyance pending the outcome of the rehearing requests in that proceeding . on the second issue , the ferc reversed its prior decision and ordered that the prospective bandwidth remedy begin on june 1 , 2005 ( the date of its initial order in the proceeding ) rather than january 1 , 2006 , as it had previously ordered . pursuant to the october 2011 order , entergy was required to calculate the additional bandwidth payments for the period june - december 2005 utilizing the bandwidth formula tariff prescribed by the ferc that was filed in a december 2006 compliance filing and accepted by the ferc in an april 2007 order . as is the case with bandwidth remedy payments , these payments and receipts will ultimately be paid by utility operating company customers to other utility operating company customers . in december 2011 , entergy filed with the ferc its compliance filing that provides the payments and receipts among the utility operating companies pursuant to the ferc 2019s october 2011 order . the filing shows the following payments/receipts among the utility operating companies : payments ( receipts ) ( in millions ) .
Table
| payments ( receipts ) ( in millions )
entergy arkansas | $ 156
entergy gulf states louisiana | ( $ 75 )
entergy louisiana | $ 2014
entergy mississippi | ( $ 33 )
entergy new orleans | ( $ 5 )
entergy texas | ( $ 43 )
entergy arkansas made its payment in january 2012 . in february 2012 , entergy arkansas filed for an interim adjustment to its production cost allocation rider requesting that the $ 156 million payment be collected from customers over the 22-month period from march 2012 through december 2013 . in march 2012 the apsc issued an order stating that the payment can be recovered from retail customers through the production cost allocation rider , subject to refund . the lpsc and the apsc have requested rehearing of the ferc 2019s october 2011 order . in december 2013 the lpsc filed a petition for a writ of mandamus at the united states court of appeals for the d.c . circuit . in its petition , the lpsc requested that the d.c . circuit issue an order compelling the ferc to issue a final order on pending rehearing requests . in its response to the lpsc petition , the ferc committed to rule on the pending rehearing request before the end of february . in january 2014 the d.c . circuit denied the lpsc's petition . the apsc , the lpsc , the puct , and other parties intervened in the december 2011 compliance filing proceeding , and the apsc and the lpsc also filed protests . calendar year 2013 production costs the liabilities and assets for the preliminary estimate of the payments and receipts required to implement the ferc 2019s remedy based on calendar year 2013 production costs were recorded in december 2013 , based on certain year-to-date information . the preliminary estimate was recorded based on the following estimate of the payments/receipts among the utility operating companies for 2014. .
Question:
what portion of the entergy arkansas payment goes to entergy texas?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 156 ;
table_6: the entergy texas of payments ( receipts ) ( in millions ) is ( $ 43 ) ;
text_20: the preliminary estimate was recorded based on the following estimate of the payments/receipts among the utility operating companies for 2014. .
Reasoning Steps:
Step: divide2-1(43, 156) = 27.6%
Program:
divide(43, 156)
Program (Nested):
divide(43, 156)
| finqa4639 |
what portion of cash and cash equivalents as of 2012 was held outside unites states?
Important information:
table_1: ( amounts in millions ) the cash and cash equivalents of 2012 is $ 214.5 ; the cash and cash equivalents of 2011 is $ 185.6 ;
text_9: cash and cash equivalents of $ 214.5 million as of 2012 year end compared to cash and cash equivalents of $ 185.6 million at 2011 year end .
text_12: of the $ 214.5 million of cash and cash equivalents as of 2012 year end , $ 81.4 million was held outside of the united states .
Reasoning Steps:
Step: divide2-1(81.4, 214.5) = 37.9%
Program:
divide(81.4, 214.5)
Program (Nested):
divide(81.4, 214.5)
| 0.37949 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis of financial condition and results of operations ( continued ) liquidity and capital resources snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing . snap-on believes that its cash from operations and collections of finance receivables , coupled with its sources of borrowings and available cash on hand , are sufficient to fund its currently anticipated requirements for payments of interest and dividends , new loans originated by our financial services businesses , capital expenditures , working capital , restructuring activities , the funding of pension plans , and funding for additional share repurchases and acquisitions , if any . due to snap-on 2019s credit rating over the years , external funds have been available at an acceptable cost . as of the close of business on february 8 , 2013 , snap-on 2019s long-term debt and commercial paper were rated , respectively , baa1 and p-2 by moody 2019s investors service ; a- and a-2 by standard & poor 2019s ; and a- and f2 by fitch ratings . snap-on believes that its current credit arrangements are sound and that the strength of its balance sheet affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions . however , snap-on cannot provide any assurances of the availability of future financing or the terms on which it might be available , or that its debt ratings may not decrease . the following discussion focuses on information included in the accompanying consolidated balance sheets . as of 2012 year end , working capital ( current assets less current liabilities ) of $ 1079.8 million increased $ 132.9 million from $ 946.9 million at 2011 year end . the following represents the company 2019s working capital position as of 2012 and 2011 year end : ( amounts in millions ) 2012 2011 .
Table
( amounts in millions ) | 2012 | 2011
cash and cash equivalents | $ 214.5 | $ 185.6
trade and other accounts receivable 2013 net | 497.9 | 463.5
finance receivables 2013 net | 323.1 | 277.2
contract receivables 2013 net | 62.7 | 49.7
inventories 2013 net | 404.2 | 386.4
other current assets | 166.6 | 168.3
total current assets | 1669.0 | 1530.7
notes payable | -5.2 ( 5.2 ) | -16.2 ( 16.2 )
accounts payable | -142.5 ( 142.5 ) | -124.6 ( 124.6 )
other current liabilities | -441.5 ( 441.5 ) | -443.0 ( 443.0 )
total current liabilities | -589.2 ( 589.2 ) | -583.8 ( 583.8 )
working capital | $ 1079.8 | $ 946.9
cash and cash equivalents of $ 214.5 million as of 2012 year end compared to cash and cash equivalents of $ 185.6 million at 2011 year end . the $ 28.9 million increase in cash and cash equivalents includes the impacts of ( i ) $ 329.3 million of cash generated from operations , net of $ 73.0 million of cash contributions ( including $ 54.7 million of discretionary contributions ) to the company 2019s domestic pension plans ; ( ii ) $ 445.5 million of cash from collections of finance receivables ; ( iii ) $ 46.8 million of proceeds from stock purchase and option plan exercises ; and ( iv ) $ 27.0 million of cash proceeds from the sale of a non-strategic equity investment at book value . these increases in cash and cash equivalents were partially offset by ( i ) the funding of $ 569.6 million of new finance originations ; ( ii ) dividend payments of $ 81.5 million ; ( iii ) the funding of $ 79.4 million of capital expenditures ; and ( iv ) the repurchase of 1180000 shares of the company 2019s common stock for $ 78.1 million . of the $ 214.5 million of cash and cash equivalents as of 2012 year end , $ 81.4 million was held outside of the united states . snap-on considers these non-u.s . funds as permanently invested in its foreign operations to ( i ) provide adequate working capital ; ( ii ) satisfy various regulatory requirements ; and/or ( iii ) take advantage of business expansion opportunities as they arise ; as such , the company does not presently expect to repatriate these funds to fund its u.s . operations or obligations . the repatriation of cash from certain foreign subsidiaries could have adverse net tax consequences on the company should snap-on be required to pay and record u.s . income taxes and foreign withholding taxes on funds that were previously considered permanently invested . alternatively , the repatriation of such cash from certain other foreign subsidiaries could result in favorable net tax consequences for the company . snap-on periodically evaluates opportunities to repatriate certain foreign cash amounts to the extent that it does not incur additional unfavorable net tax consequences . 44 snap-on incorporated .
Question:
what portion of cash and cash equivalents as of 2012 was held outside unites states?
Important information:
table_1: ( amounts in millions ) the cash and cash equivalents of 2012 is $ 214.5 ; the cash and cash equivalents of 2011 is $ 185.6 ;
text_9: cash and cash equivalents of $ 214.5 million as of 2012 year end compared to cash and cash equivalents of $ 185.6 million at 2011 year end .
text_12: of the $ 214.5 million of cash and cash equivalents as of 2012 year end , $ 81.4 million was held outside of the united states .
Reasoning Steps:
Step: divide2-1(81.4, 214.5) = 37.9%
Program:
divide(81.4, 214.5)
Program (Nested):
divide(81.4, 214.5)
| finqa4640 |
what was the percent of the make-up of the acquisition that was allocated to the goodwill in the net assets acquired
Important information:
table_5: current assets the goodwill of $ 1922 is 6099 ;
table_6: current assets the net assets acquired of $ 1922 is $ 10000 ;
text_7: 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 .
Reasoning Steps:
Step: divide2-1(6099, 10000) = 60.9%
Program:
divide(6099, 10000)
Program (Nested):
divide(6099, 10000)
| 0.6099 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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
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
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:
what was the percent of the make-up of the acquisition that was allocated to the goodwill in the net assets acquired
Important information:
table_5: current assets the goodwill of $ 1922 is 6099 ;
table_6: current assets the net assets acquired of $ 1922 is $ 10000 ;
text_7: 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 .
Reasoning Steps:
Step: divide2-1(6099, 10000) = 60.9%
Program:
divide(6099, 10000)
Program (Nested):
divide(6099, 10000)
| finqa4641 |
what percentage of total significant contractual obligations and commitments as of december 31 , 2007 are is interest?
Important information:
table_2: the interest of 2008 is 254716 ; the interest of 2009 is 238554 ; the interest of 2010 is 227320 ; the interest of 2011 is 218416 ; the interest of 2012 is 109226 ; the interest of thereafter is 101987 ; the interest of total is 1150219 ;
table_6: the data processing and maintenance commitments of 2008 is 198290 ; the data processing and maintenance commitments of 2009 is 171411 ; the data processing and maintenance commitments of 2010 is 107105 ; the data processing and maintenance commitments of 2011 is 63010 ; the data processing and maintenance commitments of 2012 is 61035 ; the data processing and maintenance commitments of thereafter is 287479 ; the data processing and maintenance commitments of total is 888330 ;
table_7: the total of 2008 is $ 889180 ; the total of 2009 is $ 615875 ; the total of 2010 is $ 595694 ; the total of 2011 is $ 476524 ; the total of 2012 is $ 2130154 ; the total of thereafter is $ 1936335 ; the total of total is $ 6643762 ;
Reasoning Steps:
Step: divide2-1(1150219, 6643762) = 17%
Program:
divide(1150219, 6643762)
Program (Nested):
divide(1150219, 6643762)
| 0.17313 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
our existing cash flow hedges are highly effective and there is no current impact on earnings due to hedge ineffectiveness . it is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes . contractual obligations fis 2019s long-term contractual obligations generally include its long-term debt and operating lease payments on certain of its property and equipment . the following table summarizes fis 2019s significant contractual obligations and commitments as of december 31 , 2007 ( in thousands ) : .
Table
| 2008 | 2009 | 2010 | 2011 | 2012 | thereafter | total
long-term debt | $ 272014 | $ 142850 | $ 226000 | $ 173500 | $ 1945033 | $ 1516000 | $ 4275397
interest | 254716 | 238554 | 227320 | 218416 | 109226 | 101987 | 1150219
operating leases | 83382 | 63060 | 35269 | 21598 | 14860 | 30869 | 249038
investment commitments | 47514 | 2014 | 2014 | 2014 | 2014 | 2014 | 47514
purchase commitments | 33264 | 2014 | 2014 | 2014 | 2014 | 2014 | 33264
data processing and maintenance commitments | 198290 | 171411 | 107105 | 63010 | 61035 | 287479 | 888330
total | $ 889180 | $ 615875 | $ 595694 | $ 476524 | $ 2130154 | $ 1936335 | $ 6643762
off-balance sheet arrangements fis does not have any material off-balance sheet arrangements other than operating leases . escrow arrangements in conducting our title agency , closing and 1031 exchange services operations , we routinely hold customers 2019 assets in escrow , pending completion of real estate transactions . certain of these amounts are maintained in segregated bank accounts and have not been included in the accompanying consolidated balance sheets . we have a contingent liability relating to proper disposition of these balances , which amounted to $ 1926.8 million at december 31 , 2007 . as a result of holding these customers 2019 assets in escrow , we have ongoing programs for realizing economic benefits during the year through favorable borrowing and vendor arrangements with various banks . there were no loans outstanding as of december 31 , 2007 and these balances were invested in short term , high grade investments that minimize the risk to principal . recent accounting pronouncements in december 2007 , the fasb issued sfas no . 141 ( revised 2007 ) , business combinations ( 201csfas 141 ( r ) 201d ) , requiring an acquirer in a business combination to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at their fair values at the acquisition date , with limited exceptions . the costs of the acquisition and any related restructuring costs will be recognized separately . assets and liabilities arising from contingencies in a business combination are to be recognized at their fair value at the acquisition date and adjusted prospectively as new information becomes available . when the fair value of assets acquired exceeds the fair value of consideration transferred plus any noncontrolling interest in the acquiree , the excess will be recognized as a gain . under sfas 141 ( r ) , all business combinations will be accounted for by applying the acquisition method , including combinations among mutual entities and combinations by contract alone . sfas 141 ( r ) applies prospectively to business combinations for which the acquisition date is on or after the first annual reporting period beginning on or after december 15 , 2008 , is effective for periods beginning on or after december 15 , 2008 , and will apply to business combinations occurring after the effective date . management is currently evaluating the impact of this statement on our statements of financial position and operations . in december 2007 , the fasb issued sfas no . 160 , noncontrolling interests in consolidated financial statements 2014 an amendment of arb no . 51 ( 201csfas 160 201d ) , requiring noncontrolling interests ( sometimes called minority interests ) to be presented as a component of equity on the balance sheet . sfas 160 also requires that the amount of net income attributable to the parent and to the noncontrolling interests be clearly identified and presented on the face of the consolidated statement of income . this statement eliminates the need to apply purchase .
Question:
what percentage of total significant contractual obligations and commitments as of december 31 , 2007 are is interest?
Important information:
table_2: the interest of 2008 is 254716 ; the interest of 2009 is 238554 ; the interest of 2010 is 227320 ; the interest of 2011 is 218416 ; the interest of 2012 is 109226 ; the interest of thereafter is 101987 ; the interest of total is 1150219 ;
table_6: the data processing and maintenance commitments of 2008 is 198290 ; the data processing and maintenance commitments of 2009 is 171411 ; the data processing and maintenance commitments of 2010 is 107105 ; the data processing and maintenance commitments of 2011 is 63010 ; the data processing and maintenance commitments of 2012 is 61035 ; the data processing and maintenance commitments of thereafter is 287479 ; the data processing and maintenance commitments of total is 888330 ;
table_7: the total of 2008 is $ 889180 ; the total of 2009 is $ 615875 ; the total of 2010 is $ 595694 ; the total of 2011 is $ 476524 ; the total of 2012 is $ 2130154 ; the total of thereafter is $ 1936335 ; the total of total is $ 6643762 ;
Reasoning Steps:
Step: divide2-1(1150219, 6643762) = 17%
Program:
divide(1150219, 6643762)
Program (Nested):
divide(1150219, 6643762)
| finqa4642 |
what portion of the increase in net revenue from non-utility nuclear is attributed to the change in realized price?
Important information:
text_7: the net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; a storm damage rider that became effective in october 2007 at entergy mississippi ; and an energy efficiency rider that became effective in november 2007 at entergy arkansas .
table_2: the realized price changes of amount ( in millions ) is 309 ;
text_13: as shown in the table above , net revenue for non-utility nuclear increased by $ 495 million , or 27% ( 27 % ) , in 2008 compared to 2007 primarily due to higher pricing in its contracts to sell power , additional production available from the acquisition of palisades in april 2007 , and fewer outage days .
Reasoning Steps:
Step: divide1-1(309, 495) = 62.4%
Program:
divide(309, 495)
Program (Nested):
divide(309, 495)
| 0.62424 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries management's financial discussion and analysis the purchased power capacity variance is primarily due to higher capacity charges . a portion of the variance is due to the amortization of deferred capacity costs and is offset in base revenues due to base rate increases implemented to recover incremental deferred and ongoing purchased power capacity charges . the volume/weather variance is primarily due to the effect of less favorable weather compared to the same period in 2007 and decreased electricity usage primarily during the unbilled sales period . hurricane gustav and hurricane ike , which hit the utility's service territories in september 2008 , contributed an estimated $ 46 million to the decrease in electricity usage . industrial sales were also depressed by the continuing effects of the hurricanes and , especially in the latter part of the year , because of the overall decline of the economy , leading to lower usage in the latter part of the year affecting both the large customer industrial segment as well as small and mid-sized industrial customers . the decreases in electricity usage were partially offset by an increase in residential and commercial customer electricity usage that occurred during the periods of the year not affected by the hurricanes . the retail electric price variance is primarily due to : an increase in the attala power plant costs recovered through the power management rider by entergy mississippi . the net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; a storm damage rider that became effective in october 2007 at entergy mississippi ; and an energy efficiency rider that became effective in november 2007 at entergy arkansas . the establishment of the storm damage rider and the energy efficiency rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no impact on net income . the retail electric price variance was partially offset by : the absence of interim storm recoveries through the formula rate plans at entergy louisiana and entergy gulf states louisiana which ceased upon the act 55 financing of storm costs in the third quarter 2008 ; and a credit passed on to customers as a result of the act 55 storm cost financings . refer to "liquidity and capital resources - hurricane katrina and hurricane rita" below and note 2 to the financial statements for a discussion of the interim recovery of storm costs and the act 55 storm cost financings . non-utility nuclear following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
Table
| amount ( in millions )
2007 net revenue | $ 1839
realized price changes | 309
palisades acquisition | 98
volume variance ( other than palisades ) | 73
fuel expenses ( other than palisades ) | -19 ( 19 )
other | 34
2008 net revenue | $ 2334
as shown in the table above , net revenue for non-utility nuclear increased by $ 495 million , or 27% ( 27 % ) , in 2008 compared to 2007 primarily due to higher pricing in its contracts to sell power , additional production available from the acquisition of palisades in april 2007 , and fewer outage days . in addition to the refueling outages shown in the .
Question:
what portion of the increase in net revenue from non-utility nuclear is attributed to the change in realized price?
Important information:
text_7: the net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; a storm damage rider that became effective in october 2007 at entergy mississippi ; and an energy efficiency rider that became effective in november 2007 at entergy arkansas .
table_2: the realized price changes of amount ( in millions ) is 309 ;
text_13: as shown in the table above , net revenue for non-utility nuclear increased by $ 495 million , or 27% ( 27 % ) , in 2008 compared to 2007 primarily due to higher pricing in its contracts to sell power , additional production available from the acquisition of palisades in april 2007 , and fewer outage days .
Reasoning Steps:
Step: divide1-1(309, 495) = 62.4%
Program:
divide(309, 495)
Program (Nested):
divide(309, 495)
| finqa4643 |
considering the years 2012-2013 and the gaap basis , what was the percentual increase in the effective tax rate?
Important information:
text_12: 2013 on a gaap basis , the effective tax rate was 27.0% ( 27.0 % ) and 22.8% ( 22.8 % ) in 2014 and 2013 , respectively .
text_20: 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively .
text_24: on a non-gaap basis , the effective tax rate was 24.2% ( 24.2 % ) in both 2013 and 2012 .
Reasoning Steps:
Step: minus2-1(22.8, 21.9) = 0.9%
Program:
subtract(22.8, 21.9)
Program (Nested):
subtract(22.8, 21.9)
| 0.9 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
interest expense .
Table
| 2014 | 2013 | 2012
interest incurred | $ 158.1 | $ 167.6 | $ 153.9
less : capitalized interest | 33.0 | 25.8 | 30.2
interest expense | $ 125.1 | $ 141.8 | $ 123.7
2014 vs . 2013 interest incurred decreased $ 9.5 . the decrease was primarily due to a lower average interest rate on the debt portfolio which reduced interest by $ 13 , partially offset by a higher average debt balance which increased interest by $ 6 . the change in capitalized interest was driven by a higher carrying value in construction in progress . 2013 vs . 2012 interest incurred increased $ 13.7 . the increase was driven primarily by a higher average debt balance for $ 41 , partially offset by a lower average interest rate on the debt portfolio of $ 24 . the change in capitalized interest was driven by a decrease in project spending and a lower average interest rate . effective tax rate the effective tax rate equals the income tax provision divided by income from continuing operations before taxes . refer to note 22 , income taxes , to the consolidated financial statements for details on factors affecting the effective tax rate . 2014 vs . 2013 on a gaap basis , the effective tax rate was 27.0% ( 27.0 % ) and 22.8% ( 22.8 % ) in 2014 and 2013 , respectively . the effective tax rate was higher in the current year primarily due to the goodwill impairment charge of $ 305.2 , which was not deductible for tax purposes , and the chilean tax reform enacted in september 2014 which increased income tax expense by $ 20.6 . these impacts were partially offset by an income tax benefit of $ 51.6 associated with losses from transactions and a tax election in a non-u.s . subsidiary . the prior year rate included income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs . refer to note 4 , business restructuring and cost reduction actions ; note 9 , goodwill ; note 22 , income taxes ; and note 23 , supplemental information , to the consolidated financial statements for details on these transactions . on a non-gaap basis , the effective tax rate was 24.0% ( 24.0 % ) and 24.2% ( 24.2 % ) in 2014 and 2013 , respectively . 2013 vs . 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively . the effective rate in 2013 includes income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs . the effective rate in 2012 includes income tax benefits of $ 105.0 related to the business restructuring and cost reduction plans , $ 58.3 related to the second quarter spanish tax ruling , and $ 3.7 related to the customer bankruptcy charge , offset by income tax expense of $ 43.8 related to the first quarter spanish tax settlement and $ 31.3 related to the gain on the previously held equity interest in da nanomaterials . refer to note 4 , business restructuring and cost reduction actions ; note 5 , business combinations ; note 22 , income taxes ; and note 23 , supplemental information , to the consolidated financial statements for details on these transactions . on a non-gaap basis , the effective tax rate was 24.2% ( 24.2 % ) in both 2013 and 2012 . discontinued operations during the second quarter of 2012 , the board of directors authorized the sale of our homecare business , which had previously been reported as part of the merchant gases operating segment . in 2012 , we sold the majority of our homecare business to the linde group for sale proceeds of 20ac590 million ( $ 777 ) and recognized a gain of $ 207.4 ( $ 150.3 after-tax , or $ .70 per share ) . in addition , an impairment charge of $ 33.5 ( $ 29.5 after-tax , or $ .14 per share ) was recorded to write down the remaining business , which was primarily in the united kingdom and ireland , to its estimated net realizable value . in 2013 , we recorded an additional charge of $ 18.7 ( $ 13.6 after-tax , or $ .06 per share ) to update our estimate of the net realizable value . in 2014 , a gain of $ 3.9 was recognized for the sale of the remaining homecare business and settlement of contingencies on the sale to the linde group . refer to note 3 , discontinued operations , to the consolidated financial statements for additional details on this business. .
Question:
considering the years 2012-2013 and the gaap basis , what was the percentual increase in the effective tax rate?
Important information:
text_12: 2013 on a gaap basis , the effective tax rate was 27.0% ( 27.0 % ) and 22.8% ( 22.8 % ) in 2014 and 2013 , respectively .
text_20: 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively .
text_24: on a non-gaap basis , the effective tax rate was 24.2% ( 24.2 % ) in both 2013 and 2012 .
Reasoning Steps:
Step: minus2-1(22.8, 21.9) = 0.9%
Program:
subtract(22.8, 21.9)
Program (Nested):
subtract(22.8, 21.9)
| finqa4644 |
what is the anticipated percentage increase in the berths for the european cruise market from 2013 to 2017
Important information:
text_2: we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .
text_3: there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .
text_4: the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) .
Reasoning Steps:
Step: divide2-1(25000, 156000) = 16%
Program:
divide(25000, 156000)
Program (Nested):
divide(25000, 156000)
| 0.16026 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape . however , we continue to believe in the long term growth potential of this market . we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 . there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 . the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) .
Table
year | global cruise guests ( 1 ) | weighted-average supply of berths marketed globally ( 1 ) | north american cruise guests ( 2 ) | weighted-average supply of berths marketed in north america ( 1 ) | european cruise guests | weighted-average supply of berths marketed in europe ( 1 )
2008 | 17184000 | 347000 | 10093000 | 219000 | 4500000 | 120000
2009 | 17340000 | 363000 | 10198000 | 222000 | 5000000 | 131000
2010 | 18800000 | 391000 | 10781000 | 232000 | 5540000 | 143000
2011 | 20227000 | 412000 | 11625000 | 245000 | 5894000 | 149000
2012 | 20823000 | 425000 | 12044000 | 254000 | 6040000 | 152000
( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 . year 2012 amounts represent our estimates ( see number 1 above ) . ( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 . year 2012 amounts represent our estimates ( see number 1 above ) . other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activities is influenced by political and general economic conditions . com- panies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question:
what is the anticipated percentage increase in the berths for the european cruise market from 2013 to 2017
Important information:
text_2: we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .
text_3: there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .
text_4: the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) .
Reasoning Steps:
Step: divide2-1(25000, 156000) = 16%
Program:
divide(25000, 156000)
Program (Nested):
divide(25000, 156000)
| finqa4645 |
what was the average expected volatility from 2011 to 2013
Important information:
text_25: the weighted-average estimated fair value of employee stock options granted during 2013 , 2012 and 2011 was $ 9.52 , $ 9.60 and $ 13.25 , respectively , using the following weighted-average assumptions: .
table_1: the expected volatility of 2013 is 22.1% ( 22.1 % ) ; the expected volatility of 2012 is 24.0% ( 24.0 % ) ; the expected volatility of 2011 is 28.8% ( 28.8 % ) ;
table_3: the dividend yield of 2013 is 2.4% ( 2.4 % ) ; the dividend yield of 2012 is 2.2% ( 2.2 % ) ; the dividend yield of 2011 is 0.0% ( 0.0 % ) ;
Reasoning Steps:
Step: add1-1(22.1, 24.0) = 46.1
Step: add1-2(#0, 28.8) = 74.9
Step: divide1-3(#1, const_3) = 24.96%
Program:
add(22.1, 24.0), add(#0, 28.8), divide(#1, const_3)
Program (Nested):
divide(add(add(22.1, 24.0), 28.8), const_3)
| 24.96667 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
portion of the death benefits directly from the insurance company and the company receives the remainder of the death benefits . it is currently expected that minimal cash payments will be required to fund these policies . the net periodic pension cost for these split-dollar life insurance arrangements was $ 5 million for the years ended december 31 , 2013 , 2012 and 2011 . the company has recorded a liability representing the actuarial present value of the future death benefits as of the employees 2019 expected retirement date of $ 51 million and $ 58 million as of december 31 , 2013 and december 31 , 2012 , respectively . deferred compensation plan the company amended and reinstated its deferred compensation plan ( 201cthe plan 201d ) effective june 1 , 2013 to reopen the plan to certain participants . under the plan , participating executives may elect to defer base salary and cash incentive compensation in excess of 401 ( k ) plan limitations . participants under the plan may choose to invest their deferred amounts in the same investment alternatives available under the company's 401 ( k ) plan . the plan also allows for company matching contributions for the following : ( i ) the first 4% ( 4 % ) of compensation deferred under the plan , subject to a maximum of $ 50000 for board officers , ( ii ) lost matching amounts that would have been made under the 401 ( k ) plan if participants had not participated in the plan , and ( iii ) discretionary amounts as approved by the compensation and leadership committee of the board of directors . defined contribution plan the company and certain subsidiaries have various defined contribution plans , in which all eligible employees may participate . in the u.s. , the 401 ( k ) plan is a contributory plan . matching contributions are based upon the amount of the employees 2019 contributions . the company 2019s expenses for material defined contribution plans for the years ended december 31 , 2013 , 2012 and 2011 were $ 44 million , $ 42 million and $ 48 million , respectively . beginning january 1 , 2012 , the company may make an additional discretionary 401 ( k ) plan matching contribution to eligible employees . for the years ended december 31 , 2013 and 2012 , the company made no discretionary matching contributions . 8 . share-based compensation plans and other incentive plans stock options , stock appreciation rights and employee stock purchase plan the company grants options to acquire shares of common stock to certain employees and to existing option holders of acquired companies in connection with the merging of option plans following an acquisition . each option granted and stock appreciation right has an exercise price of no less than 100% ( 100 % ) of the fair market value of the common stock on the date of the grant . the awards have a contractual life of five to fifteen years and vest over two to four years . stock options and stock appreciation rights assumed or replaced with comparable stock options or stock appreciation rights in conjunction with a change in control of the company only become exercisable if the holder is also involuntarily terminated ( for a reason other than cause ) or quits for good reason within 24 months of a change in control . the employee stock purchase plan allows eligible participants to purchase shares of the company 2019s common stock through payroll deductions of up to 20% ( 20 % ) of eligible compensation on an after-tax basis . plan participants cannot purchase more than $ 25000 of stock in any calendar year . the price an employee pays per share is 85% ( 85 % ) of the lower of the fair market value of the company 2019s stock on the close of the first trading day or last trading day of the purchase period . the plan has two purchase periods , the first from october 1 through march 31 and the second from april 1 through september 30 . for the years ended december 31 , 2013 , 2012 and 2011 , employees purchased 1.5 million , 1.4 million and 2.2 million shares , respectively , at purchase prices of $ 43.02 and $ 50.47 , $ 34.52 and $ 42.96 , and $ 30.56 and $ 35.61 , respectively . the company calculates the value of each employee stock option , estimated on the date of grant , using the black-scholes option pricing model . the weighted-average estimated fair value of employee stock options granted during 2013 , 2012 and 2011 was $ 9.52 , $ 9.60 and $ 13.25 , respectively , using the following weighted-average assumptions: .
Table
| 2013 | 2012 | 2011
expected volatility | 22.1% ( 22.1 % ) | 24.0% ( 24.0 % ) | 28.8% ( 28.8 % )
risk-free interest rate | 0.9% ( 0.9 % ) | 0.8% ( 0.8 % ) | 2.1% ( 2.1 % )
dividend yield | 2.4% ( 2.4 % ) | 2.2% ( 2.2 % ) | 0.0% ( 0.0 % )
expected life ( years ) | 5.9 | 6.1 | 6.0
the company uses the implied volatility for traded options on the company 2019s stock as the expected volatility assumption required in the black-scholes model . the selection of the implied volatility approach was based upon the availability of .
Question:
what was the average expected volatility from 2011 to 2013
Important information:
text_25: the weighted-average estimated fair value of employee stock options granted during 2013 , 2012 and 2011 was $ 9.52 , $ 9.60 and $ 13.25 , respectively , using the following weighted-average assumptions: .
table_1: the expected volatility of 2013 is 22.1% ( 22.1 % ) ; the expected volatility of 2012 is 24.0% ( 24.0 % ) ; the expected volatility of 2011 is 28.8% ( 28.8 % ) ;
table_3: the dividend yield of 2013 is 2.4% ( 2.4 % ) ; the dividend yield of 2012 is 2.2% ( 2.2 % ) ; the dividend yield of 2011 is 0.0% ( 0.0 % ) ;
Reasoning Steps:
Step: add1-1(22.1, 24.0) = 46.1
Step: add1-2(#0, 28.8) = 74.9
Step: divide1-3(#1, const_3) = 24.96%
Program:
add(22.1, 24.0), add(#0, 28.8), divide(#1, const_3)
Program (Nested):
divide(add(add(22.1, 24.0), 28.8), const_3)
| finqa4646 |
what is the percentage difference in future minimum rental commitments as of december 31 , 2013 between 2014 and 2015?
Important information:
text_21: at december 31 , 2013 , future minimum rental commitments under such leases ( net of subleases , principally on office rentals ) were as follows ( dollars in millions ) : year ended operating premises leases .
table_1: year ended the 2014 of operating premises leases is $ 672 ;
table_2: year ended the 2015 of operating premises leases is 656 ;
Reasoning Steps:
Step: minus1-1(656, 672) = -16
Step: divide1-2(#0, 672) = -2%
Program:
subtract(656, 672), divide(#0, 672)
Program (Nested):
divide(subtract(656, 672), 672)
| -0.02381 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
morgan stanley notes to consolidated financial statements 2014 ( continued ) lending commitments . primary lending commitments are those that are originated by the company whereas secondary lending commitments are purchased from third parties in the market . the commitments include lending commitments that are made to investment grade and non-investment grade companies in connection with corporate lending and other business activities . commitments for secured lending transactions . secured lending commitments are extended by the company to companies and are secured by real estate or other physical assets of the borrower . loans made under these arrangements typically are at variable rates and generally provide for over-collateralization based upon the creditworthiness of the borrower . forward starting reverse repurchase agreements . the company has entered into forward starting securities purchased under agreements to resell ( agreements that have a trade date at or prior to december 31 , 2013 and settle subsequent to period-end ) that are primarily secured by collateral from u.s . government agency securities and other sovereign government obligations . commercial and residential mortgage-related commitments . the company enters into forward purchase contracts involving residential mortgage loans , residential mortgage lending commitments to individuals and residential home equity lines of credit . in addition , the company enters into commitments to originate commercial and residential mortgage loans . underwriting commitments . the company provides underwriting commitments in connection with its capital raising sources to a diverse group of corporate and other institutional clients . other lending commitments . other commitments generally include commercial lending commitments to small businesses and commitments related to securities-based lending activities in connection with the company 2019s wealth management business segment . the company sponsors several non-consolidated investment funds for third-party investors where the company typically acts as general partner of , and investment advisor to , these funds and typically commits to invest a minority of the capital of such funds , with subscribing third-party investors contributing the majority . the company 2019s employees , including its senior officers , as well as the company 2019s directors , may participate on the same terms and conditions as other investors in certain of these funds that the company forms primarily for client investment , except that the company may waive or lower applicable fees and charges for its employees . the company has contractual capital commitments , guarantees , lending facilities and counterparty arrangements with respect to these investment funds . premises and equipment . the company has non-cancelable operating leases covering premises and equipment ( excluding commodities operating leases , shown separately ) . at december 31 , 2013 , future minimum rental commitments under such leases ( net of subleases , principally on office rentals ) were as follows ( dollars in millions ) : year ended operating premises leases .
Table
year ended | operating premises leases
2014 | $ 672
2015 | 656
2016 | 621
2017 | 554
2018 | 481
thereafter | 2712
.
Question:
what is the percentage difference in future minimum rental commitments as of december 31 , 2013 between 2014 and 2015?
Important information:
text_21: at december 31 , 2013 , future minimum rental commitments under such leases ( net of subleases , principally on office rentals ) were as follows ( dollars in millions ) : year ended operating premises leases .
table_1: year ended the 2014 of operating premises leases is $ 672 ;
table_2: year ended the 2015 of operating premises leases is 656 ;
Reasoning Steps:
Step: minus1-1(656, 672) = -16
Step: divide1-2(#0, 672) = -2%
Program:
subtract(656, 672), divide(#0, 672)
Program (Nested):
divide(subtract(656, 672), 672)
| finqa4647 |
what is the percentual growth observed in the percentage of asset impairment costs concerning the restructuring and other charges costs during 2013 and 2014?
Important information:
table_1: the asset impairments of 2015 is $ 335 ; the asset impairments of 2014 is $ 406 ; the asset impairments of 2013 is $ 116 ;
table_6: the other of 2015 is 213 ; the other of 2014 is 199 ; the other of 2013 is 82 ;
table_8: the restructuring and other charges of 2015 is $ 1195 ; the restructuring and other charges of 2014 is $ 1168 ; the restructuring and other charges of 2013 is $ 782 ;
Reasoning Steps:
Step: divide2-1(116, 782) = 14.83%
Step: divide2-2(406, 1168) = 34.76%
Step: minus2-3(#1, #0) = 19.93%
Program:
divide(116, 782), divide(406, 1168), subtract(#1, #0)
Program (Nested):
subtract(divide(406, 1168), divide(116, 782))
| 0.19927 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
restructuring and other charges 2014restructuring and other charges for each year in the three-year period ended december 31 , 2015 were comprised of the following: .
Table
| 2015 | 2014 | 2013
asset impairments | $ 335 | $ 406 | $ 116
layoff costs | 299 | 259 | 201
legal matters in italy | 201 | - | -
net loss on divestitures of businesses | 161 | 332 | -
resolution of a legal matter | - | - | 391
other | 213 | 199 | 82
reversals of previously recorded layoff and other exit costs | -14 ( 14 ) | -28 ( 28 ) | -8 ( 8 )
restructuring and other charges | $ 1195 | $ 1168 | $ 782
layoff costs were recorded based on approved detailed action plans submitted by the operating locations that specified positions to be eliminated , benefits to be paid under existing severance plans , union contracts or statutory requirements , and the expected timetable for completion of the plans . 2015 actions . in 2015 , alcoa recorded restructuring and other charges of $ 1195 ( $ 836 after-tax and noncontrolling interest ) , which were comprised of the following components : $ 438 ( $ 281 after-tax and noncontrolling interest ) for exit costs related to decisions to permanently shut down and demolish three smelters and a power station ( see below ) ; $ 246 ( $ 118 after-tax and noncontrolling interest ) for the curtailment of two refineries and two smelters ( see below ) ; $ 201 ( pre- and after-tax ) related to legal matters in italy ; a $ 161 ( $ 151 after-tax and noncontrolling interest ) net loss related to the march 2015 divestiture of a rolling mill in russia ( see global rolled products in segment information below ) and post-closing adjustments associated with three december 2014 divestitures ; $ 143 ( $ 102 after-tax and noncontrolling interest ) for layoff costs , including the separation of approximately 2100 employees ( 425 in the transportation and construction solutions segment , 645 in the engineered products and solutions segment , 380 in the primary metals segment , 90 in the global rolled products segment , 85 in the alumina segment , and 475 in corporate ) ; $ 34 ( $ 14 after-tax and noncontrolling interest ) for asset impairments , virtually all of which was related to prior capitalized costs for an expansion project at a refinery in australia that is no longer being pursued ; an $ 18 ( $ 13 after- tax ) gain on the sale of land related to one of the rolling mills in australia that was permanently closed in december 2014 ( see 2014 actions below ) ; a net charge of $ 4 ( a net credit of $ 7 after-tax and noncontrolling interest ) for other miscellaneous items ; and $ 14 ( $ 11 after-tax and noncontrolling interest ) for the reversal of a number of small layoff reserves related to prior periods . during 2015 , management initiated various alumina refining and aluminum smelting capacity curtailments and/or closures . the curtailments were composed of the remaining capacity at all of the following : the s e3o lu eds smelter in brazil ( 74 kmt-per-year ) ; the suriname refinery ( 1330 kmt-per-year ) ; the point comfort , tx refinery ( 2010 kmt-per- year ) ; and the wenatchee , wa smelter ( 143 kmt-per-year ) . all of the curtailments were completed in 2015 except for 1635 kmt-per-year at the point comfort refinery , which is expected to be completed by the end of june 2016 . the permanent closures were composed of the capacity at the warrick , in smelter ( 269 kmt-per-year ) ( includes the closure of a related coal mine ) and the infrastructure of the massena east , ny smelter ( potlines were previously shut down in both 2013 and 2014 2014see 2013 actions and 2014 actions below ) , as the modernization of this smelter is no longer being pursued . the shutdown of the warrick smelter is expected to be completed by the end of march 2016 . the decisions on the above actions were part of a separate 12-month review in refining ( 2800 kmt-per-year ) and smelting ( 500 kmt-per-year ) capacity initiated by management in march 2015 for possible curtailment ( partial or full ) , permanent closure or divestiture . while many factors contributed to each decision , in general , these actions were initiated to maintain competitiveness amid prevailing market conditions for both alumina and aluminum . demolition and remediation activities related to the warrick smelter and the massena east location will begin in 2016 and are expected to be completed by the end of 2020 . separate from the actions initiated under the reviews described above , in mid-2015 , management approved the permanent shutdown and demolition of the po e7os de caldas smelter ( capacity of 96 kmt-per-year ) in brazil and the .
Question:
what is the percentual growth observed in the percentage of asset impairment costs concerning the restructuring and other charges costs during 2013 and 2014?
Important information:
table_1: the asset impairments of 2015 is $ 335 ; the asset impairments of 2014 is $ 406 ; the asset impairments of 2013 is $ 116 ;
table_6: the other of 2015 is 213 ; the other of 2014 is 199 ; the other of 2013 is 82 ;
table_8: the restructuring and other charges of 2015 is $ 1195 ; the restructuring and other charges of 2014 is $ 1168 ; the restructuring and other charges of 2013 is $ 782 ;
Reasoning Steps:
Step: divide2-1(116, 782) = 14.83%
Step: divide2-2(406, 1168) = 34.76%
Step: minus2-3(#1, #0) = 19.93%
Program:
divide(116, 782), divide(406, 1168), subtract(#1, #0)
Program (Nested):
subtract(divide(406, 1168), divide(116, 782))
| finqa4648 |
what was the average sales price for the class b common shares in 2012 in the first quarter
Important information:
table_1: 2012 first quarter the second quarter of high $ 59.73 is 58.24 ; the second quarter of low $ 45.20 is 50.70 ; the second quarter of 2011 first quarter is second quarter ; the second quarter of high $ 63.40 is 62.15 ; the second quarter of low $ 56.06 is 52.45 ;
table_2: 2012 first quarter the third quarter of high $ 59.73 is 59.35 ; the third quarter of low $ 45.20 is 49.83 ; the third quarter of 2011 first quarter is third quarter ; the third quarter of high $ 63.40 is 59.80 ; the third quarter of low $ 56.06 is 47.43 ;
table_3: 2012 first quarter the fourth quarter of high $ 59.73 is 57.89 ; the fourth quarter of low $ 45.20 is 50.12 ; the fourth quarter of 2011 first quarter is fourth quarter ; the fourth quarter of high $ 63.40 is 59.73 ; the fourth quarter of low $ 56.06 is 45.20 ;
Reasoning Steps:
Step: add1-1(59.73, 45.20) = 104.93
Step: add1-2(#0, const_2) = 104.93
Step: divide0-0(#1, const_2) = 52.465
Program:
add(59.73, 45.20), add(#0, const_2), divide(#1, const_2)
Program (Nested):
divide(add(add(59.73, 45.20), const_2), const_2)
| 53.465 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
( 5 ) we occupy approximately 350000 square feet of the one north end building . ( 6 ) this property is owned by board of trade investment company ( botic ) . kcbt maintains a 51% ( 51 % ) controlling interest in botic . we also lease other office space around the world and have also partnered with major global telecommunications carriers in connection with our telecommunications hubs whereby we place data cabinets within the carriers 2019 existing secured data centers . we believe our facilities are adequate for our current operations and that additional space can be obtained if needed . item 3 . legal proceedings see 201clegal and regulatory matters 201d in note 14 . contingencies to the consolidated financial statements beginning on page 91 for cme group 2019s legal proceedings disclosure which is incorporated herein by reference . item 4 . mine safety disclosures not applicable . part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities class a common stock our class a common stock is currently listed on nasdaq under the ticker symbol 201ccme . 201d as of february 13 , 2013 , there were approximately 3106 holders of record of our class a common stock . in may 2012 , the company 2019s board of directors declared a five-for-one split of its class a common stock effected by way of a stock dividend to its class a and class b shareholders . the stock split was effective july 20 , 2012 for all shareholders of record on july 10 , 2012 . as a result of the stock split , all amounts related to shares and per share amounts have been retroactively restated . the following table sets forth the high and low sales prices per share of our class a common stock on a quarterly basis , as reported on nasdaq. .
Table
2012 first quarter | high $ 59.73 | low $ 45.20 | 2011 first quarter | high $ 63.40 | low $ 56.06
second quarter | 58.24 | 50.70 | second quarter | 62.15 | 52.45
third quarter | 59.35 | 49.83 | third quarter | 59.80 | 47.43
fourth quarter | 57.89 | 50.12 | fourth quarter | 59.73 | 45.20
class b common stock our class b common stock is not listed on a national securities exchange or traded in an organized over- the-counter market . each class of our class b common stock is associated with a membership in a specific division of our cme exchange . cme 2019s rules provide exchange members with trading rights and the ability to use or lease these trading rights . each share of our class b common stock can be transferred only in connection with the transfer of the associated trading rights. .
Question:
what was the average sales price for the class b common shares in 2012 in the first quarter
Important information:
table_1: 2012 first quarter the second quarter of high $ 59.73 is 58.24 ; the second quarter of low $ 45.20 is 50.70 ; the second quarter of 2011 first quarter is second quarter ; the second quarter of high $ 63.40 is 62.15 ; the second quarter of low $ 56.06 is 52.45 ;
table_2: 2012 first quarter the third quarter of high $ 59.73 is 59.35 ; the third quarter of low $ 45.20 is 49.83 ; the third quarter of 2011 first quarter is third quarter ; the third quarter of high $ 63.40 is 59.80 ; the third quarter of low $ 56.06 is 47.43 ;
table_3: 2012 first quarter the fourth quarter of high $ 59.73 is 57.89 ; the fourth quarter of low $ 45.20 is 50.12 ; the fourth quarter of 2011 first quarter is fourth quarter ; the fourth quarter of high $ 63.40 is 59.73 ; the fourth quarter of low $ 56.06 is 45.20 ;
Reasoning Steps:
Step: add1-1(59.73, 45.20) = 104.93
Step: add1-2(#0, const_2) = 104.93
Step: divide0-0(#1, const_2) = 52.465
Program:
add(59.73, 45.20), add(#0, const_2), divide(#1, const_2)
Program (Nested):
divide(add(add(59.73, 45.20), const_2), const_2)
| finqa4649 |
what is the percentage change in the balance valuation allowance rollforward during 2016?
Important information:
table_1: 2016 the beginning balance of year ended december 31 2017 2016 is $ 96838 ; the beginning balance of year ended december 31 2017 2016 is $ 98966 ; the beginning balance of year ended december 31 2017 is $ 85207 ;
table_2: 2016 the expense ( benefit ) of year ended december 31 2017 2016 is 30445 ; the expense ( benefit ) of year ended december 31 2017 2016 is -2128 ( 2128 ) ; the expense ( benefit ) of year ended december 31 2017 is 13759 ;
table_3: 2016 the ending balance of year ended december 31 2017 2016 is $ 127283 ; the ending balance of year ended december 31 2017 2016 is $ 96838 ; the ending balance of year ended december 31 2017 is $ 98966 ;
Reasoning Steps:
Step: divide2-1(-2128, 98966) = -2.2%
Program:
divide(-2128, 98966)
Program (Nested):
divide(-2128, 98966)
| -0.0215 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
welltower inc . notes to consolidated financial statements is no longer present ( and additional weight may be given to subjective evidence such as our projections for growth ) . the valuation allowance rollforward is summarized as follows for the periods presented ( in thousands ) : year ended december 31 , 2017 2016 2015 .
Table
2016 | year ended december 31 2017 2016 | year ended december 31 2017 2016 | year ended december 31 2017
beginning balance | $ 96838 | $ 98966 | $ 85207
expense ( benefit ) | 30445 | -2128 ( 2128 ) | 13759
ending balance | $ 127283 | $ 96838 | $ 98966
as a result of certain acquisitions , we are subject to corporate level taxes for any related asset dispositions that may occur during the five-year period immediately after such assets were owned by a c corporation ( 201cbuilt-in gains tax 201d ) . the amount of income potentially subject to this special corporate level tax is generally equal to the lesser of ( a ) the excess of the fair value of the asset over its adjusted tax basis as of the date it became a reit asset , or ( b ) the actual amount of gain . some but not all gains recognized during this period of time could be offset by available net operating losses and capital loss carryforwards . during the year ended december 31 , 2016 , we acquired certain additional assets with built-in gains as of the date of acquisition that could be subject to the built-in gains tax if disposed of prior to the expiration of the applicable ten-year period . we have not recorded a deferred tax liability as a result of the potential built-in gains tax based on our intentions with respect to such properties and available tax planning strategies . under the provisions of the reit investment diversification and empowerment act of 2007 ( 201cridea 201d ) , for taxable years beginning after july 30 , 2008 , the reit may lease 201cqualified health care properties 201d on an arm 2019s-length basis to a trs if the property is operated on behalf of such subsidiary by a person who qualifies as an 201celigible independent contractor . 201d generally , the rent received from the trs will meet the related party rent exception and will be treated as 201crents from real property . 201d a 201cqualified health care property 201d includes real property and any personal property that is , or is necessary or incidental to the use of , a hospital , nursing facility , assisted living facility , congregate care facility , qualified continuing care facility , or other licensed facility which extends medical or nursing or ancillary services to patients . we have entered into various joint ventures that were structured under ridea . resident level rents and related operating expenses for these facilities are reported in the consolidated financial statements and are subject to federal , state and foreign income taxes as the operations of such facilities are included in a trs . certain net operating loss carryforwards could be utilized to offset taxable income in future years . given the applicable statute of limitations , we generally are subject to audit by the internal revenue service ( 201cirs 201d ) for the year ended december 31 , 2014 and subsequent years . the statute of limitations may vary in the states in which we own properties or conduct business . we do not expect to be subject to audit by state taxing authorities for any year prior to the year ended december 31 , 2011 . we are also subject to audit by the canada revenue agency and provincial authorities generally for periods subsequent to may 2012 related to entities acquired or formed in connection with acquisitions , and by the u.k . 2019s hm revenue & customs for periods subsequent to august 2012 related to entities acquired or formed in connection with acquisitions . at december 31 , 2017 , we had a net operating loss ( 201cnol 201d ) carryforward related to the reit of $ 448475000 . due to our uncertainty regarding the realization of certain deferred tax assets , we have not recorded a deferred tax asset related to nols generated by the reit . these amounts can be used to offset future taxable income ( and/or taxable income for prior years if an audit determines that tax is owed ) , if any . the reit will be entitled to utilize nols and tax credit carryforwards only to the extent that reit taxable income exceeds our deduction for dividends paid . the nol carryforwards generated through december 31 , 2017 will expire through 2036 . beginning with tax years after december 31 , 2017 , the tax cuts and jobs act ( 201ctax act 201d ) eliminates the carryback period , limits the nols to 80% ( 80 % ) of taxable income and replaces the 20-year carryforward period with an indefinite carryforward period. .
Question:
what is the percentage change in the balance valuation allowance rollforward during 2016?
Important information:
table_1: 2016 the beginning balance of year ended december 31 2017 2016 is $ 96838 ; the beginning balance of year ended december 31 2017 2016 is $ 98966 ; the beginning balance of year ended december 31 2017 is $ 85207 ;
table_2: 2016 the expense ( benefit ) of year ended december 31 2017 2016 is 30445 ; the expense ( benefit ) of year ended december 31 2017 2016 is -2128 ( 2128 ) ; the expense ( benefit ) of year ended december 31 2017 is 13759 ;
table_3: 2016 the ending balance of year ended december 31 2017 2016 is $ 127283 ; the ending balance of year ended december 31 2017 2016 is $ 96838 ; the ending balance of year ended december 31 2017 is $ 98966 ;
Reasoning Steps:
Step: divide2-1(-2128, 98966) = -2.2%
Program:
divide(-2128, 98966)
Program (Nested):
divide(-2128, 98966)
| finqa4650 |
what is the percent change in net earnings attributable to altria group inc . from 2016 to 2017?
Important information:
text_14: earnings per share basic and diluted eps were calculated using the following: .
table_1: ( in millions ) the net earnings attributable to altria group inc . of for the years ended december 31 , 2017 is $ 10222 ; the net earnings attributable to altria group inc . of for the years ended december 31 , 2016 is $ 14239 ; the net earnings attributable to altria group inc . of for the years ended december 31 , 2015 is $ 5241 ;
text_16: $ 10222 $ 14239 $ 5241 less : distributed and undistributed earnings attributable to share-based awards ( 14 ) ( 24 ) ( 10 ) earnings for basic and diluted eps $ 10208 $ 14215 $ 5231 weighted-average shares for basic and diluted eps 1921 1952 1961 .
Reasoning Steps:
Step: minus1-1(14239, 10222) = 4017
Step: divide1-2(#0, 10222) = 39.3%
Program:
subtract(14239, 10222), divide(#0, 10222)
Program (Nested):
divide(subtract(14239, 10222), 10222)
| 0.39298 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
10-k altria ar release tuesday , february 27 , 2018 10:00pm andra design llc performance stock units : in january 2017 , altria group , inc . granted an aggregate of 187886 performance stock units to eligible employees . the payout of the performance stock units requires the achievement of certain performance measures , which were predetermined at the time of grant , over a three-year performance cycle . these performance measures consist of altria group , inc . 2019s adjusted diluted earnings per share ( 201ceps 201d ) compounded annual growth rate and altria group , inc . 2019s total shareholder return relative to a predetermined peer group . the performance stock units are also subject to forfeiture if certain employment conditions are not met . at december 31 , 2017 , altria group , inc . had 170755 performance stock units remaining , with a weighted-average grant date fair value of $ 70.39 per performance stock unit . the fair value of the performance stock units at the date of grant , net of estimated forfeitures , is amortized to expense over the performance period . altria group , inc . recorded pre-tax compensation expense related to performance stock units for the year ended december 31 , 2017 of $ 6 million . the unamortized compensation expense related to altria group , inc . 2019s performance stock units was $ 7 million at december 31 , 2017 . altria group , inc . did not grant any performance stock units during 2016 and 2015 . note 12 . earnings per share basic and diluted eps were calculated using the following: .
Table
( in millions ) | for the years ended december 31 , 2017 | for the years ended december 31 , 2016 | for the years ended december 31 , 2015
net earnings attributable to altria group inc . | $ 10222 | $ 14239 | $ 5241
less : distributed and undistributed earnings attributable to share-based awards | -14 ( 14 ) | -24 ( 24 ) | -10 ( 10 )
earnings for basic and diluted eps | $ 10208 | $ 14215 | $ 5231
weighted-average shares for basic and diluted eps | 1921 | 1952 | 1961
net earnings attributable to altria group , inc . $ 10222 $ 14239 $ 5241 less : distributed and undistributed earnings attributable to share-based awards ( 14 ) ( 24 ) ( 10 ) earnings for basic and diluted eps $ 10208 $ 14215 $ 5231 weighted-average shares for basic and diluted eps 1921 1952 1961 .
Question:
what is the percent change in net earnings attributable to altria group inc . from 2016 to 2017?
Important information:
text_14: earnings per share basic and diluted eps were calculated using the following: .
table_1: ( in millions ) the net earnings attributable to altria group inc . of for the years ended december 31 , 2017 is $ 10222 ; the net earnings attributable to altria group inc . of for the years ended december 31 , 2016 is $ 14239 ; the net earnings attributable to altria group inc . of for the years ended december 31 , 2015 is $ 5241 ;
text_16: $ 10222 $ 14239 $ 5241 less : distributed and undistributed earnings attributable to share-based awards ( 14 ) ( 24 ) ( 10 ) earnings for basic and diluted eps $ 10208 $ 14215 $ 5231 weighted-average shares for basic and diluted eps 1921 1952 1961 .
Reasoning Steps:
Step: minus1-1(14239, 10222) = 4017
Step: divide1-2(#0, 10222) = 39.3%
Program:
subtract(14239, 10222), divide(#0, 10222)
Program (Nested):
divide(subtract(14239, 10222), 10222)
| finqa4651 |
what was the ratio of the benefit payments for 2010 to 2011
Important information:
table_0: 2010 the 2010 of $ 18181 is $ 18181 ;
table_1: 2010 the 2011 of $ 18181 is 27090 ;
text_15: in 2009 , the company recorded a $ 3944 benefit expense as a result of enhanced postretirement medical benefits under the postretirement plan provided to employees that chose to participate in a voluntary transition program. .
Reasoning Steps:
Step: divide2-1(18181, 27090) = 0.67
Program:
divide(18181, 27090)
Program (Nested):
divide(18181, 27090)
| 0.67113 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the following table summarizes expected benefit payments through 2019 for the pension plans , including those payments expected to be paid from the company 2019s general assets . since the majority of the benefit payments are made in the form of lump-sum distributions , actual benefit payments may differ from expected benefit payments. .
Table
2010 | $ 18181
2011 | 27090
2012 | 21548
2013 | 25513
2014 | 24002
2015-2019 | 128494
substantially all of the company 2019s u.s . employees are eligible to participate in a defined contribution savings plan ( the 201csavings plan 201d ) sponsored by the company . the savings plan allows employees to contribute a portion of their base compensation on a pre-tax and after-tax basis in accordance with specified guidelines . the company matches a percentage of employees 2019 contributions up to certain limits . in 2007 and prior years , the company could also contribute to the savings plan a discretionary profit sharing component linked to company performance during the prior year . beginning in 2008 , the discretionary profit sharing amount related to prior year company performance was paid directly to employees as a short-term cash incentive bonus rather than as a contribution to the savings plan . in addition , the company has several defined contribution plans outside of the united states . the company 2019s contribution expense related to all of its defined contribution plans was $ 40627 , $ 35341 and $ 26996 for 2009 , 2008 and 2007 , respectively . note 13 . postemployment and postretirement benefits the company maintains a postretirement plan ( the 201cpostretirement plan 201d ) providing health coverage and life insurance benefits for substantially all of its u.s . employees hired before july 1 , 2007 . the company amended the life insurance benefits under the postretirement plan effective january 1 , 2007 . the impact , net of taxes , of this amendment was an increase of $ 1715 to accumulated other comprehensive income in 2007 . in 2009 , the company recorded a $ 3944 benefit expense as a result of enhanced postretirement medical benefits under the postretirement plan provided to employees that chose to participate in a voluntary transition program. .
Question:
what was the ratio of the benefit payments for 2010 to 2011
Important information:
table_0: 2010 the 2010 of $ 18181 is $ 18181 ;
table_1: 2010 the 2011 of $ 18181 is 27090 ;
text_15: in 2009 , the company recorded a $ 3944 benefit expense as a result of enhanced postretirement medical benefits under the postretirement plan provided to employees that chose to participate in a voluntary transition program. .
Reasoning Steps:
Step: divide2-1(18181, 27090) = 0.67
Program:
divide(18181, 27090)
Program (Nested):
divide(18181, 27090)
| finqa4652 |
in 2014 what percentage of total net revenues for the investing & lending segment were due to debt securities and loans?
Important information:
table_2: $ in millions the debt securities and loans of year ended december 2014 is 2165 ; the debt securities and loans of year ended december 2013 is 1947 ; the debt securities and loans of year ended december 2012 is 1850 ;
table_4: $ in millions the total net revenues of year ended december 2014 is 6825 ; the total net revenues of year ended december 2013 is 7018 ; the total net revenues of year ended december 2012 is 5891 ;
text_5: includes net revenues of $ 325 million for 2014 , $ 329 million for 2013 and $ 362 million for 2012 related to metro international trade services llc .
Reasoning Steps:
Step: divide1-1(2165, 6825) = 32%
Program:
divide(2165, 6825)
Program (Nested):
divide(2165, 6825)
| 0.31722 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients . these investments and loans are typically longer-term in nature . we make investments , some of which are consolidated , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , and real estate entities . the table below presents the operating results of our investing & lending segment. .
Table
$ in millions | year ended december 2014 | year ended december 2013 | year ended december 2012
equity securities | $ 3813 | $ 3930 | $ 2800
debt securities and loans | 2165 | 1947 | 1850
other1 | 847 | 1141 | 1241
total net revenues | 6825 | 7018 | 5891
operating expenses | 2819 | 2686 | 2668
pre-tax earnings | $ 4006 | $ 4332 | $ 3223
1 . includes net revenues of $ 325 million for 2014 , $ 329 million for 2013 and $ 362 million for 2012 related to metro international trade services llc . we completed the sale of this consolidated investment in december 2014 . 2014 versus 2013 . net revenues in investing & lending were $ 6.83 billion for 2014 , 3% ( 3 % ) lower than 2013 . net gains from investments in equity securities were slightly lower due to a significant decrease in net gains from investments in public equities , as movements in global equity prices during 2014 were less favorable compared with 2013 , partially offset by an increase in net gains from investments in private equities , primarily driven by company-specific events . net revenues from debt securities and loans were higher than 2013 , reflecting a significant increase in net interest income , primarily driven by increased lending , and a slight increase in net gains , primarily due to sales of certain investments during 2014 . other net revenues , related to our consolidated investments , were significantly lower compared with 2013 , reflecting a decrease in operating revenues from commodities-related consolidated investments . during 2014 , net revenues in investing & lending generally reflected favorable company-specific events , including initial public offerings and financings , and strong corporate performance , as well as net gains from sales of certain investments . however , concerns about the outlook for the global economy and uncertainty over the impact of financial regulatory reform continue to be meaningful considerations for the global marketplace . if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted . operating expenses were $ 2.82 billion for 2014 , 5% ( 5 % ) higher than 2013 , reflecting higher compensation and benefits expenses , partially offset by lower expenses related to consolidated investments . pre-tax earnings were $ 4.01 billion in 2014 , 8% ( 8 % ) lower than 2013 . 2013 versus 2012 . net revenues in investing & lending were $ 7.02 billion for 2013 , 19% ( 19 % ) higher than 2012 , reflecting a significant increase in net gains from investments in equity securities , driven by company-specific events and stronger corporate performance , as well as significantly higher global equity prices . in addition , net gains and net interest income from debt securities and loans were slightly higher , while other net revenues , related to our consolidated investments , were lower compared with 2012 . during 2013 , net revenues in investing & lending generally reflected favorable company-specific events and strong corporate performance , as well as the impact of significantly higher global equity prices and tighter corporate credit spreads . operating expenses were $ 2.69 billion for 2013 , essentially unchanged compared with 2012 . operating expenses during 2013 included lower impairment charges and lower operating expenses related to consolidated investments , partially offset by increased compensation and benefits expenses due to higher net revenues compared with 2012 . pre-tax earnings were $ 4.33 billion in 2013 , 34% ( 34 % ) higher than 2012 . goldman sachs 2014 annual report 45 .
Question:
in 2014 what percentage of total net revenues for the investing & lending segment were due to debt securities and loans?
Important information:
table_2: $ in millions the debt securities and loans of year ended december 2014 is 2165 ; the debt securities and loans of year ended december 2013 is 1947 ; the debt securities and loans of year ended december 2012 is 1850 ;
table_4: $ in millions the total net revenues of year ended december 2014 is 6825 ; the total net revenues of year ended december 2013 is 7018 ; the total net revenues of year ended december 2012 is 5891 ;
text_5: includes net revenues of $ 325 million for 2014 , $ 329 million for 2013 and $ 362 million for 2012 related to metro international trade services llc .
Reasoning Steps:
Step: divide1-1(2165, 6825) = 32%
Program:
divide(2165, 6825)
Program (Nested):
divide(2165, 6825)
| finqa4653 |
for total interest only home equity lines of credit , what percentage of the total includes home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2016?
Important information:
text_10: therefore , information about the current lien status of junior lien loans is less readily available in cases where pnc does not also hold the senior lien .
table_6: in millions the total ( a ) ( b ) of interest onlyproduct is $ 10349 ; the total ( a ) ( b ) of principal andinterest product is $ 7778 ;
text_30: ( b ) includes approximately $ 154 million , $ 48 million , $ 57 million , $ 42 million and $ 564 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively .
Reasoning Steps:
Step: divide2-1(48, 10349) = 0.005%
Program:
divide(48, 10349)
Program (Nested):
divide(48, 10349)
| 0.00464 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
on a regular basis our special asset committee closely monitors loans , primarily commercial loans , that are not included in the nonperforming or accruing past due categories and for which we are uncertain about the borrower 2019s ability to comply with existing repayment terms . these loans totaled $ .2 billion at both december 31 , 2014 and december 31 , 2013 . home equity loan portfolio our home equity loan portfolio totaled $ 34.7 billion as of december 31 , 2014 , or 17% ( 17 % ) of the total loan portfolio . of that total , $ 20.4 billion , or 59% ( 59 % ) , was outstanding under primarily variable-rate home equity lines of credit and $ 14.3 billion , or 41% ( 41 % ) , consisted of closed-end home equity installment loans . approximately 3% ( 3 % ) of the home equity portfolio was on nonperforming status as of december 31 , 2014 . as of december 31 , 2014 , we are in an originated first lien position for approximately 51% ( 51 % ) of the total portfolio and , where originated as a second lien , we currently hold or service the first lien position for approximately an additional 2% ( 2 % ) of the portfolio . the remaining 47% ( 47 % ) of the portfolio was secured by second liens where we do not hold the first lien position . the credit performance of the majority of the home equity portfolio where we are in , hold or service the first lien position , is superior to the portion of the portfolio where we hold the second lien position but do not hold the first lien . lien position information is generally based upon original ltv at the time of origination . however , after origination pnc is not typically notified when a senior lien position that is not held by pnc is satisfied . therefore , information about the current lien status of junior lien loans is less readily available in cases where pnc does not also hold the senior lien . additionally , pnc is not typically notified when a junior lien position is added after origination of a pnc first lien . this updated information for both junior and senior liens must be obtained from external sources , and therefore , pnc has contracted with an industry-leading third-party service provider to obtain updated loan , lien and collateral data that is aggregated from public and private sources . we track borrower performance monthly , including obtaining original ltvs , updated fico scores at least quarterly , updated ltvs semi-annually , and other credit metrics at least quarterly , including the historical performance of any mortgage loans regardless of lien position that we do or do not hold . this information is used for internal reporting and risk management . for internal reporting and risk management we also segment the population into pools based on product type ( e.g. , home equity loans , brokered home equity loans , home equity lines of credit , brokered home equity lines of credit ) . as part of our overall risk analysis and monitoring , we segment the home equity portfolio based upon the delinquency , modification status and bankruptcy status of these loans , as well as the delinquency , modification status and bankruptcy status of any mortgage loan with the same borrower ( regardless of whether it is a first lien senior to our second lien ) . in establishing our alll for non-impaired loans , we primarily utilize a delinquency roll-rate methodology for pools of loans . in accordance with accounting principles , under this methodology , we establish our allowance based upon incurred losses , not lifetime expected losses . the roll-rate methodology estimates transition/roll of loan balances from one delinquency state ( e.g. , 30-59 days past due ) to another delinquency state ( e.g. , 60-89 days past due ) and ultimately to charge-off . the roll through to charge-off is based on pnc 2019s actual loss experience for each type of pool . each of our home equity pools contains both first and second liens . our experience has been that the ratio of first to second lien loans has been consistent over time and the charge-off amounts for the pools , used to establish our allowance , include losses on both first and second liens loans . generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20-year amortization term . during the draw period , we have home equity lines of credit where borrowers pay either interest or principal and interest . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . the risk associated with the borrower 2019s ability to satisfy the loan terms upon the draw period ending is considered in establishing our alll . based upon outstanding balances at december 31 , 2014 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . table 36 : home equity lines of credit 2013 draw period end in millions interest only product principal and interest product .
Table
in millions | interest onlyproduct | principal andinterest product
2015 | $ 1597 | $ 541
2016 | 1366 | 437
2017 | 2434 | 596
2018 | 1072 | 813
2019 and thereafter | 3880 | 5391
total ( a ) ( b ) | $ 10349 | $ 7778
( a ) includes all home equity lines of credit that mature in 2015 or later , including those with borrowers where we have terminated borrowing privileges . ( b ) includes approximately $ 154 million , $ 48 million , $ 57 million , $ 42 million and $ 564 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively . 76 the pnc financial services group , inc . 2013 form 10-k .
Question:
for total interest only home equity lines of credit , what percentage of the total includes home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2016?
Important information:
text_10: therefore , information about the current lien status of junior lien loans is less readily available in cases where pnc does not also hold the senior lien .
table_6: in millions the total ( a ) ( b ) of interest onlyproduct is $ 10349 ; the total ( a ) ( b ) of principal andinterest product is $ 7778 ;
text_30: ( b ) includes approximately $ 154 million , $ 48 million , $ 57 million , $ 42 million and $ 564 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively .
Reasoning Steps:
Step: divide2-1(48, 10349) = 0.005%
Program:
divide(48, 10349)
Program (Nested):
divide(48, 10349)
| finqa4654 |
what is the net change in system energy 2019s receivables from the money pool from 2014 to 2015?
Important information:
text_10: system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
table_1: 2016 the ( in thousands ) of 2015 is ( in thousands ) ; the ( in thousands ) of 2014 is ( in thousands ) ; the ( in thousands ) of 2013 is ( in thousands ) ;
table_2: 2016 the $ 33809 of 2015 is $ 39926 ; the $ 33809 of 2014 is $ 2373 ; the $ 33809 of 2013 is $ 9223 ;
Reasoning Steps:
Step: minus2-1(39926, 2373) = 37553
Program:
subtract(39926, 2373)
Program (Nested):
subtract(39926, 2373)
| 37553.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
system energy resources , inc . management 2019s financial discussion and analysis also in addition to the contractual obligations , system energy has $ 382.3 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions . see note 3 to the financial statements for additional information regarding unrecognized tax benefits . in addition to routine spending to maintain operations , the planned capital investment estimate includes specific investments and initiatives such as the nuclear fleet operational excellence initiative , as discussed below in 201cnuclear matters , 201d and plant improvements . as a wholly-owned subsidiary , system energy dividends its earnings to entergy corporation at a percentage determined monthly . sources of capital system energy 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt issuances ; and 2022 bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
Table
2016 | 2015 | 2014 | 2013
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 33809 | $ 39926 | $ 2373 | $ 9223
see note 4 to the financial statements for a description of the money pool . the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 . as of december 31 , 2016 , $ 66.9 million in letters of credit were outstanding under the credit facility to support a like amount of commercial paper issued by the system energy nuclear fuel company variable interest entity . see note 4 to the financial statements for additional discussion of the variable interest entity credit facility . system energy obtained authorizations from the ferc through october 2017 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits. .
Question:
what is the net change in system energy 2019s receivables from the money pool from 2014 to 2015?
Important information:
text_10: system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
table_1: 2016 the ( in thousands ) of 2015 is ( in thousands ) ; the ( in thousands ) of 2014 is ( in thousands ) ; the ( in thousands ) of 2013 is ( in thousands ) ;
table_2: 2016 the $ 33809 of 2015 is $ 39926 ; the $ 33809 of 2014 is $ 2373 ; the $ 33809 of 2013 is $ 9223 ;
Reasoning Steps:
Step: minus2-1(39926, 2373) = 37553
Program:
subtract(39926, 2373)
Program (Nested):
subtract(39926, 2373)
| finqa4655 |
what was the percent of the total decline in mst 2019s operating profit in 2015 associated with performance matters
Important information:
table_2: the operating profit of 2015 is 844 ; the operating profit of 2014 is 936 ; the operating profit of 2013 is 1065 ;
text_17: mst 2019s operating profit in 2015 decreased $ 92 million , or 10% ( 10 % ) , compared to 2014 .
text_18: operating profit decreased by approximately $ 75 million due to performance matters on an international program ; approximately $ 45 million for sikorsky due primarily to intangible amortization and adjustments required to account for the acquisition of this business in the fourth quarter of 2015 ; and approximately $ 15 million for integrated warfare systems and sensors programs , primarily due to investments made in connection with a recently awarded next generation radar technology program , partially offset by higher risk retirements ( including halifax class modernization ) .
Reasoning Steps:
Step: divide2-1(75, 92) = 81.5%
Program:
divide(75, 92)
Program (Nested):
divide(75, 92)
| 0.81522 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
$ 15 million for fire control programs due to increased deliveries ( primarily apache ) , partially offset by lower risk retirements ( primarily sniper ae ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 95 million lower for 2014 compared to 2013 . backlog backlog increased in 2015 compared to 2014 primarily due to higher orders on pac-3 , lantirn/sniper and certain tactical missile programs , partially offset by lower orders on thaad . backlog decreased in 2014 compared to 2013 primarily due to lower orders on thaad and fire control systems programs , partially offset by higher orders on certain tactical missile programs and pac-3 . trends we expect mfc 2019s net sales to be flat or experience a slight decline in 2016 as compared to 2015 . operating profit is expected to decrease by approximately 20 percent , driven by contract mix and fewer risk retirements in 2016 compared to 2015 . accordingly , operating profit margin is expected to decline from 2015 levels . mission systems and training as previously described , on november 6 , 2015 , we acquired sikorsky and aligned the sikorsky business under our mst business segment . the results of the acquired sikorsky business have been included in our financial results from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated operating results and mst business segment operating results for the year ended december 31 , 2015 do not reflect a full year of sikorsky operations . our mst business segment provides design , manufacture , service and support for a variety of military and civil helicopters , ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; the littoral combat ship ( lcs ) ; simulation and training services ; and unmanned systems and technologies . in addition , mst supports the needs of customers in cybersecurity and delivers communication and command and control capabilities through complex mission solutions for defense applications . mst 2019s major programs include black hawk and seahawk helicopters , aegis combat system ( aegis ) , lcs , space fence , advanced hawkeye radar system , and tpq-53 radar system . mst 2019s operating results included the following ( in millions ) : .
Table
| 2015 | 2014 | 2013
net sales | $ 9091 | $ 8732 | $ 9037
operating profit | 844 | 936 | 1065
operating margins | 9.3% ( 9.3 % ) | 10.7% ( 10.7 % ) | 11.8% ( 11.8 % )
backlog at year-end | $ 30100 | $ 13300 | $ 12600
2015 compared to 2014 mst 2019s net sales in 2015 increased $ 359 million , or 4% ( 4 % ) , compared to 2014 . the increase was attributable to net sales of approximately $ 400 million from sikorsky , net of adjustments required to account for the acquisition of this business in the fourth quarter of 2015 ; and approximately $ 220 million for integrated warfare systems and sensors programs , primarily due to the ramp-up of recently awarded programs ( space fence ) . these increases were partially offset by lower net sales of approximately $ 150 million for undersea systems programs due to decreased volume as a result of in-theater force reductions ( primarily persistent threat detection system ) ; and approximately $ 105 million for ship and aviation systems programs primarily due to decreased volume ( merlin capability sustainment program ) . mst 2019s operating profit in 2015 decreased $ 92 million , or 10% ( 10 % ) , compared to 2014 . operating profit decreased by approximately $ 75 million due to performance matters on an international program ; approximately $ 45 million for sikorsky due primarily to intangible amortization and adjustments required to account for the acquisition of this business in the fourth quarter of 2015 ; and approximately $ 15 million for integrated warfare systems and sensors programs , primarily due to investments made in connection with a recently awarded next generation radar technology program , partially offset by higher risk retirements ( including halifax class modernization ) . these decreases were partially offset by approximately $ 20 million in increased operating profit for training and logistics services programs , primarily due to reserves recorded on certain programs in 2014 that were not repeated in 2015 . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 100 million lower in 2015 compared to 2014. .
Question:
what was the percent of the total decline in mst 2019s operating profit in 2015 associated with performance matters
Important information:
table_2: the operating profit of 2015 is 844 ; the operating profit of 2014 is 936 ; the operating profit of 2013 is 1065 ;
text_17: mst 2019s operating profit in 2015 decreased $ 92 million , or 10% ( 10 % ) , compared to 2014 .
text_18: operating profit decreased by approximately $ 75 million due to performance matters on an international program ; approximately $ 45 million for sikorsky due primarily to intangible amortization and adjustments required to account for the acquisition of this business in the fourth quarter of 2015 ; and approximately $ 15 million for integrated warfare systems and sensors programs , primarily due to investments made in connection with a recently awarded next generation radar technology program , partially offset by higher risk retirements ( including halifax class modernization ) .
Reasoning Steps:
Step: divide2-1(75, 92) = 81.5%
Program:
divide(75, 92)
Program (Nested):
divide(75, 92)
| finqa4656 |
what is the variation observed in the percentual increase of the same store portfolio and the non-same store revenue during 2013 and 2014?
Important information:
table_3: the same store portfolio of year ended december 31 2014 is 498829 ; the same store portfolio of year ended december 31 2013 is 483658 ; the same store portfolio of increase is 15171 ; the same store portfolio of percentage increase is 3.1% ( 3.1 % ) ;
table_4: the non-same store and other of year ended december 31 2014 is 493349 ; the non-same store and other of year ended december 31 2013 is 151185 ; the non-same store and other of increase is 342164 ; the non-same store and other of percentage increase is 226.3% ( 226.3 % ) ;
table_5: the total of year ended december 31 2014 is $ 992178 ; the total of year ended december 31 2013 is $ 634843 ; the total of increase is $ 357335 ; the total of percentage increase is 56.3% ( 56.3 % ) ;
Reasoning Steps:
Step: minus2-1(226.3%, 3.1%) = 223.2%
Program:
subtract(226.3%, 3.1%)
Program (Nested):
subtract(226.3%, 3.1%)
| 2.232 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
dispositions of depreciable real estate assets excluded from discontinued operations we recorded a gain on sale of depreciable assets excluded from discontinued operations of $ 190.0 million for the year ended december 31 , 2015 , an increase of approximately $ 147.3 million from the $ 42.6 million gain on sale of depreciable assets recorded for the year ended december 31 , 2014 . the increase was primarily the result of increased disposition activity . dispositions increased from eight multifamily properties for the year ended december 31 , 2014 , to 21 multifamily properties for the year ended december 31 , 2015 . gain from real estate joint ventures we recorded a gain from real estate joint ventures of $ 6.0 million during the year ended december 31 , 2014 as opposed to no material gain or loss being recorded during the year ended december 31 , 2015 . the decrease was primarily a result of recording a $ 3.4 million gain for the disposition of ansley village by mid-america multifamily fund ii , or fund ii , as well as a $ 2.8 million gain for the promote fee received from our fund ii partner during 2014 . the promote fee was received as a result of maa achieving certain performance metrics in its management of the fund ii properties over the life of the joint venture . there were no such gains recorded during the year ended december 31 , 2015 . discontinued operations we recorded a gain on sale of discontinued operations of $ 5.4 million for the year ended december 31 , 2014 . we did not record a gain or loss on sale of discontinued operations during the year ended december 31 , 2015 , due to the adoption of asu 2014-08 , reporting discontinued operations and disclosures of disposals of components of an entity , which resulted in dispositions being included in the gain on sale of depreciable real estate assets excluded from discontinued operations and is discussed further below . net income attributable to noncontrolling interests net income attributable to noncontrolling interests for the year ended december 31 , 2015 was approximately $ 18.5 million , an increase of $ 10.2 million from the year ended december 31 , 2014 . this increase is consistent with the increase to overall net income and is primarily a result of the items discussed above . net income attributable to maa primarily as a result of the items discussed above , net income attributable to maa increased by approximately $ 184.3 million in the year ended december 31 , 2015 from the year ended december 31 , 2014 . comparison of the year ended december 31 , 2014 to the year ended december 31 , 2013 the comparison of the year ended december 31 , 2014 to the year ended december 31 , 2013 shows the segment break down based on the 2014 same store portfolios . a comparison using the 2015 same store portfolio would not be comparative due to the nature of the classifications as a result of the merger . property revenues the following table shows our property revenues by segment for the years ended december 31 , 2014 and december 31 , 2013 ( dollars in thousands ) : year ended december 31 , 2014 year ended december 31 , 2013 increase percentage increase .
Table
| year ended december 31 2014 | year ended december 31 2013 | increase | percentage increase
large market same store | $ 252029 | $ 241194 | $ 10835 | 4.5% ( 4.5 % )
secondary market same store | 246800 | 242464 | 4336 | 1.8% ( 1.8 % )
same store portfolio | 498829 | 483658 | 15171 | 3.1% ( 3.1 % )
non-same store and other | 493349 | 151185 | 342164 | 226.3% ( 226.3 % )
total | $ 992178 | $ 634843 | $ 357335 | 56.3% ( 56.3 % )
job title mid-america apartment 10-k revision 1 serial <12345678> date sunday , march 20 , 2016 job number 304352-1 type page no . 51 operator abigaels .
Question:
what is the variation observed in the percentual increase of the same store portfolio and the non-same store revenue during 2013 and 2014?
Important information:
table_3: the same store portfolio of year ended december 31 2014 is 498829 ; the same store portfolio of year ended december 31 2013 is 483658 ; the same store portfolio of increase is 15171 ; the same store portfolio of percentage increase is 3.1% ( 3.1 % ) ;
table_4: the non-same store and other of year ended december 31 2014 is 493349 ; the non-same store and other of year ended december 31 2013 is 151185 ; the non-same store and other of increase is 342164 ; the non-same store and other of percentage increase is 226.3% ( 226.3 % ) ;
table_5: the total of year ended december 31 2014 is $ 992178 ; the total of year ended december 31 2013 is $ 634843 ; the total of increase is $ 357335 ; the total of percentage increase is 56.3% ( 56.3 % ) ;
Reasoning Steps:
Step: minus2-1(226.3%, 3.1%) = 223.2%
Program:
subtract(226.3%, 3.1%)
Program (Nested):
subtract(226.3%, 3.1%)
| finqa4657 |
for 2013 , in millions , what was the total of other intangibles and all other adjustments?
Important information:
table_4: dollars in millions the accumulated other comprehensive income ( a ) of december 31 2013 is 39 ;
table_5: dollars in millions the other intangibles of december 31 2013 is 381 ;
table_6: dollars in millions the all other adjustments of december 31 2013 is 210 ;
Reasoning Steps:
Step: add1-1(381, 210) = 591
Program:
add(381, 210)
Program (Nested):
add(381, 210)
| 591.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table 20 : pro forma transitional basel iii tier 1 common capital ratio dollars in millions december 31 .
Table
dollars in millions | december 31 2013
basel i tier 1 common capital | $ 28484
less phased-in regulatory capital adjustments: |
basel iii quantitative limits | -228 ( 228 )
accumulated other comprehensive income ( a ) | 39
other intangibles | 381
all other adjustments | 210
estimated basel iii transitional tier 1 common capital ( with 2014 phase-ins ) | $ 28886
basel i risk-weighted assets calculated as applicable for 2014 | 272321
pro forma basel iii transitional tier 1 common capital ratio ( with 2014phase-ins ) | 10.6% ( 10.6 % )
estimated basel iii transitional tier 1 common capital ( with 2014 phase-ins ) $ 28886 basel i risk-weighted assets calculated as applicable for 2014 272321 pro forma basel iii transitional tier 1 common capital ratio ( with 2014 phase-ins ) 10.6% ( 10.6 % ) ( a ) represents net adjustments related to accumulated other comprehensive income for available for sale securities and pension and other postretirement benefit plans . pnc utilizes these fully implemented and transitional basel iii capital ratios to assess its capital position , including comparison to similar estimates made by other financial institutions . these basel iii capital estimates are likely to be impacted by any additional regulatory guidance , continued analysis by pnc as to the application of the rules to pnc , and in the case of ratios calculated using the advanced approaches , the ongoing evolution , validation and regulatory approval of pnc 2019s models integral to the calculation of advanced approaches risk-weighted assets . the access to and cost of funding for new business initiatives , the ability to undertake new business initiatives including acquisitions , the ability to engage in expanded business activities , the ability to pay dividends or repurchase shares or other capital instruments , the level of deposit insurance costs , and the level and nature of regulatory oversight depend , in large part , on a financial institution 2019s capital strength . we provide additional information regarding enhanced capital requirements and some of their potential impacts on pnc in item 1 business 2013 supervision and regulation , item 1a risk factors and note 22 regulatory matters in the notes to consolidated financial statements in item 8 of this report . off-balance sheet arrangements and variable interest entities we engage in a variety of activities that involve unconsolidated entities or that are otherwise not reflected in our consolidated balance sheet that are generally referred to as 201coff-balance sheet arrangements . 201d additional information on these types of activities is included in the following sections of this report : 2022 commitments , including contractual obligations and other commitments , included within the risk management section of this item 7 , 2022 note 3 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements included in item 8 of this report , 2022 note 14 capital securities of subsidiary trusts and perpetual trust securities in the notes to consolidated financial statements included in item 8 of this report , and 2022 note 24 commitments and guarantees in the notes to consolidated financial statements included in item 8 of this report . pnc consolidates variable interest entities ( vies ) when we are deemed to be the primary beneficiary . the primary beneficiary of a vie is determined to be the party that meets both of the following criteria : ( i ) has the power to make decisions that most significantly affect the economic performance of the vie ; and ( ii ) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the vie . a summary of vies , including those that we have consolidated and those in which we hold variable interests but have not consolidated into our financial statements , as of december 31 , 2013 and december 31 , 2012 is included in note 3 in the notes to consolidated financial statements included in item 8 of this report . trust preferred securities and reit preferred securities we are subject to certain restrictions , including restrictions on dividend payments , in connection with $ 206 million in principal amount of an outstanding junior subordinated debenture associated with $ 200 million of trust preferred securities ( both amounts as of december 31 , 2013 ) that were issued by pnc capital trust c , a subsidiary statutory trust . generally , if there is ( i ) an event of default under the debenture , ( ii ) pnc elects to defer interest on the debenture , ( iii ) pnc exercises its right to defer payments on the related trust preferred security issued by the statutory trust , or ( iv ) there is a default under pnc 2019s guarantee of such payment obligations , as specified in the applicable governing documents , then pnc would be subject during the period of such default or deferral to restrictions on dividends and other provisions protecting the status of the debenture holders similar to or in some ways more restrictive than those potentially imposed under the exchange agreement with pnc preferred funding trust ii . see note 14 capital securities of subsidiary trusts and perpetual trust securities in the notes to consolidated financial statements in item 8 of this report for additional information on contractual limitations on dividend payments resulting from securities issued by pnc preferred funding trust i and pnc preferred funding trust ii . see the liquidity risk management portion of the risk management section of this item 7 for additional information regarding our first quarter 2013 redemption of the reit preferred securities issued by pnc preferred funding trust iii and additional discussion of redemptions of trust preferred securities . 48 the pnc financial services group , inc . 2013 form 10-k .
Question:
for 2013 , in millions , what was the total of other intangibles and all other adjustments?
Important information:
table_4: dollars in millions the accumulated other comprehensive income ( a ) of december 31 2013 is 39 ;
table_5: dollars in millions the other intangibles of december 31 2013 is 381 ;
table_6: dollars in millions the all other adjustments of december 31 2013 is 210 ;
Reasoning Steps:
Step: add1-1(381, 210) = 591
Program:
add(381, 210)
Program (Nested):
add(381, 210)
| finqa4658 |
what is the total percentage of unamortized discount relative to the principal amount of notes?
Important information:
table_0: convertible notes principal amount the convertible notes principal amount of $ 1725000 is $ 1725000 ;
table_1: convertible notes principal amount the unamortized discount of $ 1725000 is -277947 ( 277947 ) ;
text_13: as a result of the fair value of the exchange notes being lower than the exchange notes principal value , there is an additional discount on the exchange notes of $ 3.7 million at the measurement date .
Reasoning Steps:
Step: divide1-1(277947, 1725000) = 16.1%
Program:
divide(277947, 1725000)
Program (Nested):
divide(277947, 1725000)
| 0.16113 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents as of september 25 , 2010 , the carrying amount of the original notes and related equity component ( recorded in capital in excess of par value , net of deferred taxes ) consisted of the following: .
Table
convertible notes principal amount | $ 1725000
unamortized discount | -277947 ( 277947 )
net carrying amount | $ 1447053
equity component net of taxes | $ 283638
as noted above , on november 18 , 2010 , the company executed separate , privately-negotiated exchange agreements , and the company retired $ 450.0 million in aggregate principal of its original notes for $ 450.0 million in aggregate principal of exchange notes . the company accounted for this retirement under the derecognition provisions of subtopic asc 470-20-40 , which requires the allocation of the fair value of the consideration transferred ( i.e. , the exchange notes ) between the liability and equity components of the original instrument to determine the gain or loss on the transaction . in connection with this transaction , the company recorded a loss on extinguishment of debt of $ 29.9 million , which is comprised of the loss on the debt itself of $ 26.0 million and the write-off of the pro-rata amount of debt issuance costs of $ 3.9 million allocated to the notes retired . the loss on the debt itself is calculated as the difference between the fair value of the liability component of the original notes 2019 amount retired immediately before the exchange and its related carrying value immediately before the exchange . the fair value of the liability component was calculated similar to the description above for initially recording the original notes under fsp apb 14-1 , and the company used an effective interest rate of 5.46% ( 5.46 % ) , representing the estimated nonconvertible debt borrowing rate with a three year maturity at the measurement date . in addition , under this accounting standard , a portion of the fair value of the consideration transferred is allocated to the reacquisition of the equity component , which is the difference between the fair value of the consideration transferred and the fair value of the liability component immediately before the exchange . as a result , $ 39.9 million was allocated to the reacquisition of the equity component of the original instrument , which is recorded net of deferred taxes within capital in excess of par value . since the exchange notes have the same characteristics as the original notes and can be settled in cash or a combination of cash and shares of common stock ( i.e. , partial settlement ) , the company is required to account for the liability and equity components of its exchange notes separately to reflect its nonconvertible debt borrowing rate . the company estimated the fair value of the exchange notes liability component to be $ 349.0 million using a discounted cash flow technique . key inputs used to estimate the fair value of the liability component included the company 2019s estimated nonconvertible debt borrowing rate as of november 18 , 2010 ( the date the convertible notes were issued ) , the amount and timing of cash flows , and the expected life of the exchange notes . the company used an estimated effective interest rate of 6.52% ( 6.52 % ) . the excess of the fair value transferred over the estimated fair value of the liability component totaling $ 97.3 million was allocated to the conversion feature as an increase to capital in excess of par value with a corresponding offset recognized as a discount to reduce the net carrying value of the exchange notes . as a result of the fair value of the exchange notes being lower than the exchange notes principal value , there is an additional discount on the exchange notes of $ 3.7 million at the measurement date . the total discount is being amortized to interest expense over a six-year period ending december 15 , 2016 ( the expected life of the liability component ) using the effective interest method . in addition , third-party transaction costs have been allocated to the liability and equity components based on the relative values of these components . source : hologic inc , 10-k , november 23 , 2011 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 is the total percentage of unamortized discount relative to the principal amount of notes?
Important information:
table_0: convertible notes principal amount the convertible notes principal amount of $ 1725000 is $ 1725000 ;
table_1: convertible notes principal amount the unamortized discount of $ 1725000 is -277947 ( 277947 ) ;
text_13: as a result of the fair value of the exchange notes being lower than the exchange notes principal value , there is an additional discount on the exchange notes of $ 3.7 million at the measurement date .
Reasoning Steps:
Step: divide1-1(277947, 1725000) = 16.1%
Program:
divide(277947, 1725000)
Program (Nested):
divide(277947, 1725000)
| finqa4659 |
what was the percentage change in pro forma diluted earnings per common share from 2001 to 2002?
Important information:
table_1: the revenue of 2002 is $ 567048 ; the revenue of 2001 is $ 395155 ;
table_2: the net earnings of 2002 is 25869 ; the net earnings of 2001 is 11573 ;
table_3: the diluted earnings per common share of 2002 is 1.48 ; the diluted earnings per common share of 2001 is 1.00 ;
Reasoning Steps:
Step: minus2-1(1.48, 1.00) = .48
Step: divide2-2(#0, 1.00) = 48%
Program:
subtract(1.48, 1.00), divide(#0, 1.00)
Program (Nested):
divide(subtract(1.48, 1.00), 1.00)
| 0.48 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
disclosure of , the issuance of certain types of guarantees . the adoption of fasb interpretation no . 45 did not have a signif- icant impact on the net income or equity of the company . in january 2003 , fasb interpretation no . 46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued . the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights . the company has completed an analysis of this interpretation and has determined that it does not have any vies . 4 . acquisitions family health plan , inc . effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc . of certain medicaid-related assets for a purchase price of approximately $ 6800 . the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values . hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 . the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit . group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) . the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 . the company paid $ 1800 for its purchase of gpa . the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized . the preliminary allocation has resulted in goodwill of approximately $ 3895 . the goodwill is not amortized and is not deductible for tax purposes . pro forma disclosures related to the acquisition have been excluded as immaterial . scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company . the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit . the investor group who held membership interests in scriptassist included one of the company 2019s executive officers . university health plans , inc . on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc . ( uhp ) in new jersey . in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock . centene paid a total purchase price of $ 13258 . the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 . the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network . the intangibles are being amortized over a ten-year period . goodwill of $ 7940 is not amortized and is not deductible for tax purposes . changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities . the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 . these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. .
Table
| 2002 | 2001
revenue | $ 567048 | $ 395155
net earnings | 25869 | 11573
diluted earnings per common share | 1.48 | 1.00
diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas . the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit . bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 . the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value . centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .
Question:
what was the percentage change in pro forma diluted earnings per common share from 2001 to 2002?
Important information:
table_1: the revenue of 2002 is $ 567048 ; the revenue of 2001 is $ 395155 ;
table_2: the net earnings of 2002 is 25869 ; the net earnings of 2001 is 11573 ;
table_3: the diluted earnings per common share of 2002 is 1.48 ; the diluted earnings per common share of 2001 is 1.00 ;
Reasoning Steps:
Step: minus2-1(1.48, 1.00) = .48
Step: divide2-2(#0, 1.00) = 48%
Program:
subtract(1.48, 1.00), divide(#0, 1.00)
Program (Nested):
divide(subtract(1.48, 1.00), 1.00)
| finqa4660 |
what is the depreciation expense with the production facilities within the electronics and performance materials segment accumulated in 10 years?
Important information:
text_2: the depreciable lives of production facilities within the electronics and performance materials segment , where there is not an associated long-term supply agreement , range from 10 to 15 years .
text_5: a change in the depreciable life by one year for production facilities within the merchant gases and electronics and performance materials segments for which there is not an associated long-term customer supply agreement would impact annual depreciation expense as summarized below : decrease life by 1 year increase life by 1 year .
table_2: the electronics and performance materials of decrease lifeby 1 year is $ 16 ; the electronics and performance materials of increase life by 1 year is $ -10 ( 10 ) ;
Reasoning Steps:
Step: multiply2-1(10, 10) = 100
Program:
multiply(10, 10)
Program (Nested):
multiply(10, 10)
| 100.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the depreciable lives of production facilities within the merchant gases segment are principally 15 years . customer contracts associated with products produced at these types of facilities typically have a much shorter term . the depreciable lives of production facilities within the electronics and performance materials segment , where there is not an associated long-term supply agreement , range from 10 to 15 years . these depreciable lives have been determined based on historical experience combined with judgment on future assumptions such as technological advances , potential obsolescence , competitors 2019 actions , etc . management monitors its assumptions and may potentially need to adjust depreciable life as circumstances change . a change in the depreciable life by one year for production facilities within the merchant gases and electronics and performance materials segments for which there is not an associated long-term customer supply agreement would impact annual depreciation expense as summarized below : decrease life by 1 year increase life by 1 year .
Table
| decrease lifeby 1 year | increase life by 1 year
merchant gases | $ 30 | $ -20 ( 20 )
electronics and performance materials | $ 16 | $ -10 ( 10 )
impairment of assets plant and equipment plant and equipment held for use is grouped for impairment testing at the lowest level for which there are identifiable cash flows . impairment testing of the asset group occurs whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable . such circumstances would include a significant decrease in the market value of a long-lived asset grouping , a significant adverse change in the manner in which the asset grouping is being used or in its physical condition , a history of operating or cash flow losses associated with the use of the asset grouping , or changes in the expected useful life of the long-lived assets . if such circumstances are determined to exist , an estimate of undiscounted future cash flows produced by that asset group is compared to the carrying value to determine whether impairment exists . if an asset group is determined to be impaired , the loss is measured based on the difference between the asset group 2019s fair value and its carrying value . an estimate of the asset group 2019s fair value is based on the discounted value of its estimated cash flows . assets to be disposed of by sale are reported at the lower of carrying amount or fair value less cost to sell . the assumptions underlying cash flow projections represent management 2019s best estimates at the time of the impairment review . factors that management must estimate include industry and market conditions , sales volume and prices , costs to produce , inflation , etc . changes in key assumptions or actual conditions that differ from estimates could result in an impairment charge . we use reasonable and supportable assumptions when performing impairment reviews and cannot predict the occurrence of future events and circumstances that could result in impairment charges . goodwill the acquisition method of accounting for business combinations currently requires us to make use of estimates and judgments to allocate the purchase price paid for acquisitions to the fair value of the net tangible and identifiable intangible assets . goodwill represents the excess of the aggregate purchase price over the fair value of net assets of an acquired entity . goodwill , including goodwill associated with equity affiliates of $ 126.4 , was $ 1780.2 as of 30 september 2013 . the majority of our goodwill is assigned to reporting units within the merchant gases and electronics and performance materials segments . goodwill increased in 2013 , primarily as a result of the epco and wcg acquisitions in merchant gases during the third quarter . disclosures related to goodwill are included in note 10 , goodwill , to the consolidated financial statements . we perform an impairment test annually in the fourth quarter of the fiscal year . in addition , goodwill would be tested more frequently if changes in circumstances or the occurrence of events indicated that potential impairment exists . the tests are done at the reporting unit level , which is defined as one level below the operating segment for which discrete financial information is available and whose operating results are reviewed by segment managers regularly . currently , we have four business segments and thirteen reporting units . reporting units are primarily based on products and geographic locations within each business segment . as part of the goodwill impairment testing , and as permitted under the accounting guidance , we have the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value . if we choose not to complete a qualitative assessment for a given reporting unit , or if the .
Question:
what is the depreciation expense with the production facilities within the electronics and performance materials segment accumulated in 10 years?
Important information:
text_2: the depreciable lives of production facilities within the electronics and performance materials segment , where there is not an associated long-term supply agreement , range from 10 to 15 years .
text_5: a change in the depreciable life by one year for production facilities within the merchant gases and electronics and performance materials segments for which there is not an associated long-term customer supply agreement would impact annual depreciation expense as summarized below : decrease life by 1 year increase life by 1 year .
table_2: the electronics and performance materials of decrease lifeby 1 year is $ 16 ; the electronics and performance materials of increase life by 1 year is $ -10 ( 10 ) ;
Reasoning Steps:
Step: multiply2-1(10, 10) = 100
Program:
multiply(10, 10)
Program (Nested):
multiply(10, 10)
| finqa4661 |
what is the growth rate in the fair value of total investments in 2012?
Important information:
text_10: the table below presents the fair value of the firm 2019s investments in , and unfunded commitments to , funds that calculate nav. .
table_1: in millions the private equity funds1 of as of december 2012 fair value of investments is $ 7680 ; the private equity funds1 of as of december 2012 unfunded commitments is $ 2778 ; the private equity funds1 of as of december 2012 fair value of investments is $ 8074 ; the private equity funds1 of unfunded commitments is $ 3514 ;
table_5: in millions the total of as of december 2012 fair value of investments is $ 15780 ; the total of as of december 2012 unfunded commitments is $ 6491 ; the total of as of december 2012 fair value of investments is $ 16366 ; the total of unfunded commitments is $ 8695 ;
Reasoning Steps:
Step: minus1-1(15780, 16366) = -586
Step: divide1-2(#0, 16366) = -3.6%
Program:
subtract(15780, 16366), divide(#0, 16366)
Program (Nested):
divide(subtract(15780, 16366), 16366)
| -0.03581 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements investments in funds that calculate net asset value per share cash instruments at fair value include investments in funds that are valued based on the net asset value per share ( nav ) of the investment fund . the firm uses nav as its measure of fair value for fund investments when ( i ) the fund investment does not have a readily determinable fair value and ( ii ) the nav of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting , including measurement of the underlying investments at fair value . the firm 2019s investments in funds that calculate nav primarily consist of investments in firm-sponsored funds where the firm co-invests with third-party investors . the private equity , credit and real estate funds are primarily closed-end funds in which the firm 2019s investments are not eligible for redemption . distributions will be received from these funds as the underlying assets are liquidated and it is estimated that substantially all of the underlying assets of existing funds will be liquidated over the next seven years . the firm continues to manage its existing funds taking into account the transition periods under the volcker rule of the u.s . dodd-frank wall street reform and consumer protection act ( dodd-frank act ) , although the rules have not yet been finalized . the firm 2019s investments in hedge funds are generally redeemable on a quarterly basis with 91 days 2019 notice , subject to a maximum redemption level of 25% ( 25 % ) of the firm 2019s initial investments at any quarter-end . the firm currently plans to comply with the volcker rule by redeeming certain of its interests in hedge funds . the firm redeemed approximately $ 1.06 billion of these interests in hedge funds during the year ended december 2012 . the table below presents the fair value of the firm 2019s investments in , and unfunded commitments to , funds that calculate nav. .
Table
in millions | as of december 2012 fair value of investments | as of december 2012 unfunded commitments | as of december 2012 fair value of investments | unfunded commitments
private equity funds1 | $ 7680 | $ 2778 | $ 8074 | $ 3514
credit funds2 | 3927 | 2843 | 3596 | 3568
hedge funds3 | 2167 | 2014 | 3165 | 2014
real estatefunds4 | 2006 | 870 | 1531 | 1613
total | $ 15780 | $ 6491 | $ 16366 | $ 8695
1 . these funds primarily invest in a broad range of industries worldwide in a variety of situations , including leveraged buyouts , recapitalizations and growth investments . 2 . these funds generally invest in loans and other fixed income instruments and are focused on providing private high-yield capital for mid- to large-sized leveraged and management buyout transactions , recapitalizations , financings , refinancings , acquisitions and restructurings for private equity firms , private family companies and corporate issuers . 3 . these funds are primarily multi-disciplinary hedge funds that employ a fundamental bottom-up investment approach across various asset classes and strategies including long/short equity , credit , convertibles , risk arbitrage , special situations and capital structure arbitrage . 4 . these funds invest globally , primarily in real estate companies , loan portfolios , debt recapitalizations and direct property . goldman sachs 2012 annual report 127 .
Question:
what is the growth rate in the fair value of total investments in 2012?
Important information:
text_10: the table below presents the fair value of the firm 2019s investments in , and unfunded commitments to , funds that calculate nav. .
table_1: in millions the private equity funds1 of as of december 2012 fair value of investments is $ 7680 ; the private equity funds1 of as of december 2012 unfunded commitments is $ 2778 ; the private equity funds1 of as of december 2012 fair value of investments is $ 8074 ; the private equity funds1 of unfunded commitments is $ 3514 ;
table_5: in millions the total of as of december 2012 fair value of investments is $ 15780 ; the total of as of december 2012 unfunded commitments is $ 6491 ; the total of as of december 2012 fair value of investments is $ 16366 ; the total of unfunded commitments is $ 8695 ;
Reasoning Steps:
Step: minus1-1(15780, 16366) = -586
Step: divide1-2(#0, 16366) = -3.6%
Program:
subtract(15780, 16366), divide(#0, 16366)
Program (Nested):
divide(subtract(15780, 16366), 16366)
| finqa4662 |
between 2015 and 2013 what was the average compensation expense related to the issuing of the stock award in millions
Important information:
text_2: compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively .
text_3: the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively .
text_5: unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years .
Reasoning Steps:
Step: add2-1(43, 34) = 77
Step: add2-2(#0, 44) = 121
Step: divide2-3(#1, const_3) = 40.3
Program:
add(43, 34), add(#0, 44), divide(#1, const_3)
Program (Nested):
divide(add(add(43, 34), 44), const_3)
| 40.33333 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
of exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price . the company issued new shares to satisfy exercised stock options . compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options . unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years . as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options . compensation expense for stock options was fully recognized as of december 31 , 2013 . 20 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: .
Table
( $ in millions except per share amounts ) | year ended december 31 2015 1st qtr | year ended december 31 2015 2nd qtr ( 1 ) | year ended december 31 2015 3rd qtr | year ended december 31 2015 4th qtr ( 2 )
sales and service revenues | $ 1570 | $ 1745 | $ 1800 | $ 1905
operating income ( loss ) | 156 | 269 | 200 | 144
earnings ( loss ) before income taxes | 133 | 244 | 175 | 80
net earnings ( loss ) | 87 | 156 | 111 | 50
dividends declared per share | $ 0.40 | $ 0.40 | $ 0.40 | $ 0.50
basic earnings ( loss ) per share | $ 1.80 | $ 3.22 | $ 2.31 | $ 1.07
diluted earnings ( loss ) per share | $ 1.79 | $ 3.20 | $ 2.29 | $ 1.06
( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge . during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement . ( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .
Question:
between 2015 and 2013 what was the average compensation expense related to the issuing of the stock award in millions
Important information:
text_2: compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively .
text_3: the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively .
text_5: unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years .
Reasoning Steps:
Step: add2-1(43, 34) = 77
Step: add2-2(#0, 44) = 121
Step: divide2-3(#1, const_3) = 40.3
Program:
add(43, 34), add(#0, 44), divide(#1, const_3)
Program (Nested):
divide(add(add(43, 34), 44), const_3)
| finqa4663 |
without foreign operations in 2008 , what would the pre-tax income from continuing operations be?
Important information:
table_1: year ended december 31 ( in millions ) the u.s . of 2008 is $ -2094 ( 2094 ) ; the u.s . of 2007 is $ 13720 ; the u.s . of 2006 is $ 12934 ;
table_2: year ended december 31 ( in millions ) the non-u.s . ( a ) of 2008 is 4867 ; the non-u.s . ( a ) of 2007 is 9085 ; the non-u.s . ( a ) of 2006 is 6952 ;
table_3: year ended december 31 ( in millions ) the income from continuing operationsbefore income taxexpense ( benefit ) of 2008 is $ 2773 ; the income from continuing operationsbefore income taxexpense ( benefit ) of 2007 is $ 22805 ; the income from continuing operationsbefore income taxexpense ( benefit ) of 2006 is $ 19886 ;
Reasoning Steps:
Step: minus2-1(2773, 4867) = -2094
Step: multiply2-2(#0, const_1000000) = -2094000000
Program:
subtract(2773, 4867), multiply(#0, const_1000000)
Program (Nested):
multiply(subtract(2773, 4867), const_1000000)
| -2094000000.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
jpmorgan chase & co . / 2008 annual report 211 jpmorgan chase is subject to ongoing tax examinations by the tax authorities of the various jurisdictions in which it operates , including u.s . federal and state and non-u.s . jurisdictions . the firm 2019s consoli- dated federal income tax returns are presently under examination by the internal revenue service ( 201cirs 201d ) for the years 2003 , 2004 and 2005 . the consolidated federal income tax returns of bank one corporation , which merged with and into jpmorgan chase on july 1 , 2004 , are under examination for the years 2000 through 2003 , and for the period january 1 , 2004 , through july 1 , 2004 . the consolidat- ed federal income tax returns of bear stearns for the years ended november 30 , 2003 , 2004 and 2005 , are also under examination . all three examinations are expected to conclude in 2009 . the irs audits of the consolidated federal income tax returns of jpmorgan chase for the years 2006 and 2007 , and for bear stearns for the years ended november 30 , 2006 and 2007 , are expected to commence in 2009 . administrative appeals are pending with the irs relating to prior examination periods . for 2002 and prior years , refund claims relating to income and credit adjustments , and to tax attribute carry- backs , for jpmorgan chase and its predecessor entities , including bank one , have been filed . amended returns to reflect refund claims primarily attributable to net operating losses and tax credit carry- backs will be filed for the final bear stearns federal consolidated tax return for the period december 1 , 2007 , through may 30 , 2008 , and for prior years . the following table presents the u.s . and non-u.s . components of income from continuing operations before income tax expense ( benefit ) . .
Table
year ended december 31 ( in millions ) | 2008 | 2007 | 2006
u.s . | $ -2094 ( 2094 ) | $ 13720 | $ 12934
non-u.s. ( a ) | 4867 | 9085 | 6952
income from continuing operationsbefore income taxexpense ( benefit ) | $ 2773 | $ 22805 | $ 19886
non-u.s. ( a ) 4867 9085 6952 income from continuing operations before income tax expense ( benefit ) $ 2773 $ 22805 $ 19886 ( a ) for purposes of this table , non-u.s . income is defined as income generated from operations located outside the u.s . note 29 2013 restrictions on cash and intercom- pany funds transfers the business of jpmorgan chase bank , national association ( 201cjpmorgan chase bank , n.a . 201d ) is subject to examination and regula- tion by the office of the comptroller of the currency ( 201cocc 201d ) . the bank is a member of the u.s . federal reserve system , and its deposits are insured by the fdic as discussed in note 20 on page 202 of this annual report . the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) requires depository institutions to maintain cash reserves with a federal reserve bank . the average amount of reserve bal- ances deposited by the firm 2019s bank subsidiaries with various federal reserve banks was approximately $ 1.6 billion in 2008 and 2007 . restrictions imposed by u.s . federal law prohibit jpmorgan chase and certain of its affiliates from borrowing from banking subsidiaries unless the loans are secured in specified amounts . such secured loans to the firm or to other affiliates are generally limited to 10% ( 10 % ) of the banking subsidiary 2019s total capital , as determined by the risk- based capital guidelines ; the aggregate amount of all such loans is limited to 20% ( 20 % ) of the banking subsidiary 2019s total capital . the principal sources of jpmorgan chase 2019s income ( on a parent com- pany 2013only basis ) are dividends and interest from jpmorgan chase bank , n.a. , and the other banking and nonbanking subsidiaries of jpmorgan chase . in addition to dividend restrictions set forth in statutes and regulations , the federal reserve , the occ and the fdic have authority under the financial institutions supervisory act to pro- hibit or to limit the payment of dividends by the banking organizations they supervise , including jpmorgan chase and its subsidiaries that are banks or bank holding companies , if , in the banking regulator 2019s opin- ion , payment of a dividend would constitute an unsafe or unsound practice in light of the financial condition of the banking organization . at january 1 , 2009 and 2008 , jpmorgan chase 2019s banking sub- sidiaries could pay , in the aggregate , $ 17.0 billion and $ 16.2 billion , respectively , in dividends to their respective bank holding companies without the prior approval of their relevant banking regulators . the capacity to pay dividends in 2009 will be supplemented by the bank- ing subsidiaries 2019 earnings during the year . in compliance with rules and regulations established by u.s . and non-u.s . regulators , as of december 31 , 2008 and 2007 , cash in the amount of $ 20.8 billion and $ 16.0 billion , respectively , and securities with a fair value of $ 12.1 billion and $ 3.4 billion , respectively , were segregated in special bank accounts for the benefit of securities and futures brokerage customers. .
Question:
without foreign operations in 2008 , what would the pre-tax income from continuing operations be?
Important information:
table_1: year ended december 31 ( in millions ) the u.s . of 2008 is $ -2094 ( 2094 ) ; the u.s . of 2007 is $ 13720 ; the u.s . of 2006 is $ 12934 ;
table_2: year ended december 31 ( in millions ) the non-u.s . ( a ) of 2008 is 4867 ; the non-u.s . ( a ) of 2007 is 9085 ; the non-u.s . ( a ) of 2006 is 6952 ;
table_3: year ended december 31 ( in millions ) the income from continuing operationsbefore income taxexpense ( benefit ) of 2008 is $ 2773 ; the income from continuing operationsbefore income taxexpense ( benefit ) of 2007 is $ 22805 ; the income from continuing operationsbefore income taxexpense ( benefit ) of 2006 is $ 19886 ;
Reasoning Steps:
Step: minus2-1(2773, 4867) = -2094
Step: multiply2-2(#0, const_1000000) = -2094000000
Program:
subtract(2773, 4867), multiply(#0, const_1000000)
Program (Nested):
multiply(subtract(2773, 4867), const_1000000)
| finqa4664 |
what is the current postretirement benefit obligation?
Important information:
text_9: for 2009 , each basis point increase in the discount rate decreases the projected benefit obligation by approximately $ 25 million and $ 3 million for pension and postretirement medical benefits , respectively .
table_1: the effect on total of service cost and interest cost of 1% ( 1 % ) increase is $ 10 ; the effect on total of service cost and interest cost of 1% ( 1 % ) decrease is $ -10 ( 10 ) ;
table_2: the effect on postretirement benefit obligation of 1% ( 1 % ) increase is $ 83 ; the effect on postretirement benefit obligation of 1% ( 1 % ) decrease is $ -87 ( 87 ) ;
Reasoning Steps:
Step: divide2-1(83, 1%) = 8300
Program:
divide(83, 1%)
Program (Nested):
divide(83, 1%)
| 8300.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
united parcel service , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) a discount rate is used to determine the present value of our future benefit obligations . in 2008 and prior years , the discount rate for u.s . plans was determined by matching the expected cash flows to a yield curve based on long-term , high quality fixed income debt instruments available as of the measurement date . in 2008 , we reduced the population of bonds from which the yield curve was developed to better reflect bonds we would more likely consider to settle our obligations . in 2009 , we further enhanced this process for plans in the u.s . by using a bond matching approach to select specific bonds that would satisfy our projected benefit payments . we believe the bond matching approach more closely reflects the process we would employ to settle our pension and postretirement benefit obligations . these modifications had an impact of increasing the pension benefits and postretirement medical benefits discount rate on average 31 and 51 basis points for 2009 and 25 and 17 basis points for 2008 . for 2009 , each basis point increase in the discount rate decreases the projected benefit obligation by approximately $ 25 million and $ 3 million for pension and postretirement medical benefits , respectively . for our international plans , the discount rate is selected based on high quality fixed income indices available in the country in which the plan is domiciled . these assumptions are updated annually . an assumption for expected return on plan assets is used to determine a component of net periodic benefit cost for the fiscal year . this assumption for our u.s . plans was developed using a long-term projection of returns for each asset class , and taking into consideration our target asset allocation . the expected return for each asset class is a function of passive , long-term capital market assumptions and excess returns generated from active management . the capital market assumptions used are provided by independent investment advisors , while excess return assumptions are supported by historical performance , fund mandates and investment expectations . in addition , we compare the expected return on asset assumption with the average historical rate of return these plans have been able to generate . for the ups retirement plan , we use a market-related valuation method for recognizing investment gains or losses . investment gains or losses are the difference between the expected and actual return based on the market- related value of assets . this method recognizes investment gains or losses over a five year period from the year in which they occur , which reduces year-to-year volatility in pension expense . our expense in future periods will be impacted as gains or losses are recognized in the market-related value of assets . for plans outside the u.s. , consideration is given to local market expectations of long-term returns . strategic asset allocations are determined by country , based on the nature of liabilities and considering the demographic composition of the plan participants . health care cost trends are used to project future postretirement benefits payable from our plans . for year-end 2009 u.s . plan obligations , future postretirement medical benefit costs were forecasted assuming an initial annual increase of 8.0% ( 8.0 % ) , decreasing to 5.0% ( 5.0 % ) by the year 2016 and with consistent annual increases at those ultimate levels thereafter . assumed health care cost trends have a significant effect on the amounts reported for the u.s . postretirement medical plans . a one-percent change in assumed health care cost trend rates would have the following effects ( in millions ) : .
Table
| 1% ( 1 % ) increase | 1% ( 1 % ) decrease
effect on total of service cost and interest cost | $ 10 | $ -10 ( 10 )
effect on postretirement benefit obligation | $ 83 | $ -87 ( 87 )
.
Question:
what is the current postretirement benefit obligation?
Important information:
text_9: for 2009 , each basis point increase in the discount rate decreases the projected benefit obligation by approximately $ 25 million and $ 3 million for pension and postretirement medical benefits , respectively .
table_1: the effect on total of service cost and interest cost of 1% ( 1 % ) increase is $ 10 ; the effect on total of service cost and interest cost of 1% ( 1 % ) decrease is $ -10 ( 10 ) ;
table_2: the effect on postretirement benefit obligation of 1% ( 1 % ) increase is $ 83 ; the effect on postretirement benefit obligation of 1% ( 1 % ) decrease is $ -87 ( 87 ) ;
Reasoning Steps:
Step: divide2-1(83, 1%) = 8300
Program:
divide(83, 1%)
Program (Nested):
divide(83, 1%)
| finqa4665 |
what was the percent by which entergy corporation exceeded the reported earnings per share target in 2011
Important information:
table_1: the earnings per share ( $ ) of minimum is $ 6.10 ; the earnings per share ( $ ) of target is $ 6.60 ; the earnings per share ( $ ) of maximum is $ 7.10 ;
table_2: the operating cash flow ( $ in billions ) of minimum is $ 2.97 ; the operating cash flow ( $ in billions ) of target is $ 3.35 ; the operating cash flow ( $ in billions ) of maximum is $ 3.70 ;
text_25: operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 .
Reasoning Steps:
Step: divide2-1(0.95, 6.60) = 14.4%
Program:
divide(0.95, 6.60)
Program (Nested):
divide(0.95, 6.60)
| 0.14394 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the target awards for the other named executive officers were set as follows : joseph f . domino , ceo - entergy texas ( 50% ( 50 % ) ) ; hugh t . mcdonald , ceo - entergy arkansas ( 50% ( 50 % ) ) ; haley fisackerly , ceo - entergy mississippi ( 40% ( 40 % ) ) ; william m . mohl ( 60% ( 60 % ) ) , ceo - entergy gulf states and entergy louisiana ; charles l . rice , jr . ( 40% ( 40 % ) ) , ceo - entergy new orleans and theodore h . bunting , jr . - principal accounting officer - the subsidiaries ( 60% ( 60 % ) ) . the target awards for the named executive officers ( other than entergy named executive officers ) were set by their respective supervisors ( subject to ultimate approval of entergy 2019s chief executive officer ) who allocated a potential incentive pool established by the personnel committee among various of their direct and indirect reports . in setting the target awards , the supervisor took into account considerations similar to those used by the personnel committee in setting the target awards for entergy 2019s named executive officers . target awards are set based on an executive officer 2019s current position and executive management level within the entergy organization . executive management levels at entergy range from level 1 thorough level 4 . mr . denault and mr . taylor hold positions in level 2 whereas mr . bunting and mr . mohl hold positions in level 3 and mr . domino , mr . fisackerly , mr . mcdonald and mr . rice hold positions in level 4 . accordingly , their respective incentive targets differ one from another based on the external market data developed by the committee 2019s independent compensation consultant and the other factors noted above . in december 2010 , the committee determined the executive incentive plan targets to be used for purposes of establishing annual bonuses for 2011 . the committee 2019s determination of the target levels was made after full board review of management 2019s 2011 financial plan for entergy corporation , upon recommendation of the finance committee , and after the committee 2019s determination that the established targets aligned with entergy corporation 2019s anticipated 2011 financial performance as reflected in the financial plan . the targets established to measure management performance against as reported results were: .
Table
| minimum | target | maximum
earnings per share ( $ ) | $ 6.10 | $ 6.60 | $ 7.10
operating cash flow ( $ in billions ) | $ 2.97 | $ 3.35 | $ 3.70
operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 . in accordance with the terms of the annual incentive plan , in january 2012 , the personnel committee certified the 2012 entergy achievement multiplier at 128% ( 128 % ) of target . under the terms of the management effectiveness program , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive if the pre- established underlying performance goals established by the personnel committee are satisfied at the end of the performance period , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether . in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee a mechanism to take into consideration specific achievement factors relating to the overall performance of entergy corporation . in january 2012 , the committee eliminated the management effectiveness factor with respect to the 2011 incentive awards , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management . the annual incentive awards for the named executive officers ( other than mr . leonard , mr . denault and mr . taylor ) are awarded from an incentive pool approved by the committee . from this pool , each named executive officer 2019s supervisor determines the annual incentive payment based on the entergy achievement multiplier . the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance . the incentive awards are subject to the ultimate approval of entergy 2019s chief executive officer. .
Question:
what was the percent by which entergy corporation exceeded the reported earnings per share target in 2011
Important information:
table_1: the earnings per share ( $ ) of minimum is $ 6.10 ; the earnings per share ( $ ) of target is $ 6.60 ; the earnings per share ( $ ) of maximum is $ 7.10 ;
table_2: the operating cash flow ( $ in billions ) of minimum is $ 2.97 ; the operating cash flow ( $ in billions ) of target is $ 3.35 ; the operating cash flow ( $ in billions ) of maximum is $ 3.70 ;
text_25: operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 .
Reasoning Steps:
Step: divide2-1(0.95, 6.60) = 14.4%
Program:
divide(0.95, 6.60)
Program (Nested):
divide(0.95, 6.60)
| finqa4666 |
assuming the same level of cash from financing activities in 2009 as during the year ended march 31 , 2008 , would this be sufficient to cover the project capital expenditures for fiscal 2009?
Important information:
text_3: our operating activities during the year ended march 31 , 2008 used cash of $ 28.9 million as compared to $ 19.8 million during the same period in the prior year .
text_13: our financing activities during the year ended march 31 , 2008 provided cash of $ 2.1 million as compared to cash provided by financing activities of $ 66.6 million during the same period in the prior year .
text_17: capital expenditures for fiscal 2009 are estimated to be approximately $ 3.0 to $ 6.0 million .
Reasoning Steps:
Step: compare_larger2-1(2.1, 3.0) = no
Program:
greater(2.1, 3.0)
Program (Nested):
greater(2.1, 3.0)
| no | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
97% ( 97 % ) of its carrying value . the columbia fund is being liquidated with distributions to us occurring and expected to be fully liquidated during calendar 2008 . since december 2007 , we have received disbursements of approximately $ 20.7 million from the columbia fund . our operating activities during the year ended march 31 , 2008 used cash of $ 28.9 million as compared to $ 19.8 million during the same period in the prior year . our fiscal 2008 net loss of $ 40.9 million was the primary cause of our cash use from operations , attributed to increased investments in our global distribution as we continue to drive initiatives to increase recovery awareness as well as our investments in research and development to broaden our circulatory care product portfolio . in addition , our inventories used cash of $ 11.1 million during fiscal 2008 , reflecting our inventory build-up to support anticipated increases in global demand for our products and our accounts receivable also increased as a result of higher sales volume resulting in a use of cash of $ 2.8 million in fiscal 2008 . these decreases in cash were partially offset by an increase in accounts payable and accrued expenses of $ 5.6 million , non-cash adjustments of $ 5.4 million related to stock-based compensation expense , $ 6.1 million of depreciation and amortization and $ 5.0 million for the change in fair value of worldheart note receivable and warrant . our investing activities during the year ended march 31 , 2008 used cash of $ 40.9 million as compared to cash provided by investing activities of $ 15.1 million during the year ended march 31 , 2007 . cash used by investment activities for fiscal 2008 consisted primarily of $ 49.3 million for the recharacterization of the columbia fund to short-term marketable securities , $ 17.1 million for the purchase of short-term marketable securities , $ 3.8 million related to expenditures for property and equipment and $ 5.0 million for note receivable advanced to worldheart . these amounts were offset by $ 34.5 million of proceeds from short-term marketable securities . in june 2008 , we received 510 ( k ) clearance of our impella 2.5 , triggering an obligation to pay $ 5.6 million of contingent payments in accordance with the may 2005 acquisition of impella . these contingent payments may be made , at our option , with cash , or stock or by a combination of cash or stock under circumstances described in the purchase agreement . it is our intent to satisfy this contingent payment through the issuance of shares of our common stock . our financing activities during the year ended march 31 , 2008 provided cash of $ 2.1 million as compared to cash provided by financing activities of $ 66.6 million during the same period in the prior year . cash provided by financing activities for fiscal 2008 is comprised primarily of $ 2.8 million attributable to the exercise of stock options , $ 0.9 million related to the proceeds from the issuance of common stock , $ 0.3 million related to proceeds from the employee stock purchase plan , partially offset by $ 1.9 million related to the repurchase of warrants . the $ 64.5 million decrease compared to the prior year is primarily due to $ 63.6 million raised from the public offering in fiscal 2007 . we disbursed approximately $ 2.2 million of cash for the warrant repurchase and settlement of certain litigation . capital expenditures for fiscal 2009 are estimated to be approximately $ 3.0 to $ 6.0 million . contractual obligations and commercial commitments the following table summarizes our contractual obligations at march 31 , 2008 and the effects such obligations are expected to have on our liquidity and cash flows in future periods . payments due by fiscal year ( in $ 000 2019s ) contractual obligations total than 1 than 5 .
Table
contractual obligations | payments due by fiscal year ( in $ 000 2019s ) total | payments due by fiscal year ( in $ 000 2019s ) less than 1 year | payments due by fiscal year ( in $ 000 2019s ) 1-3 years | payments due by fiscal year ( in $ 000 2019s ) 3-5 years | payments due by fiscal year ( in $ 000 2019s ) more than 5 years
operating lease commitments | $ 7754 | $ 2544 | $ 3507 | $ 1703 | $ 2014
contractual obligations | 9309 | 7473 | 1836 | 2014 | 2014
total obligations | $ 17063 | $ 10017 | $ 5343 | $ 1703 | $ 2014
we have no long-term debt , capital leases or other material commitments , for open purchase orders and clinical trial agreements at march 31 , 2008 other than those shown in the table above . in may 2005 , we acquired all the shares of outstanding capital stock of impella cardiosystems ag , a company headquartered in aachen , germany . the aggregate purchase price excluding a contingent payment in the amount of $ 5.6 million made on january 30 , 2007 in the form of common stock , was approximately $ 45.1 million , which consisted of $ 42.2 million of our common stock , $ 1.6 million of cash paid to certain former shareholders of impella and $ 1.3 million of transaction costs , consisting primarily of fees paid for financial advisory and legal services . we may make additional contingent payments to impella 2019s former shareholders based on additional milestone payments related to fda approvals in the amount of up to $ 11.2 million . in june 2008 we received 510 ( k ) clearance of our impella 2.5 , triggering an obligation to pay $ 5.6 million of contingent payments . these contingent payments may be made , at our option , with cash , or stock or by a combination of cash or stock under circumstances described in the purchase agreement , except that approximately $ 1.8 million of these contingent payments must be made in cash . the payment of any contingent payments will result in an increase to the carrying value of goodwill . we apply the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation .
Question:
assuming the same level of cash from financing activities in 2009 as during the year ended march 31 , 2008 , would this be sufficient to cover the project capital expenditures for fiscal 2009?
Important information:
text_3: our operating activities during the year ended march 31 , 2008 used cash of $ 28.9 million as compared to $ 19.8 million during the same period in the prior year .
text_13: our financing activities during the year ended march 31 , 2008 provided cash of $ 2.1 million as compared to cash provided by financing activities of $ 66.6 million during the same period in the prior year .
text_17: capital expenditures for fiscal 2009 are estimated to be approximately $ 3.0 to $ 6.0 million .
Reasoning Steps:
Step: compare_larger2-1(2.1, 3.0) = no
Program:
greater(2.1, 3.0)
Program (Nested):
greater(2.1, 3.0)
| finqa4667 |
what percentage of factory stores as of march 28 , 2015 where located in asia?
Important information:
table_3: location the asia ( b ) of factory stores is 40 ;
table_4: location the total of factory stores is 259 ;
text_12: as of march 28 , 2015 , we had 536 concession-based shop-within-shops at 236 retail locations dedicated to our products , which were located in asia , australia , new zealand , and europe .
Reasoning Steps:
Step: divide1-1(40, 259) = 15%
Program:
divide(40, 259)
Program (Nested):
divide(40, 259)
| 0.15444 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
factory stores we extend our reach to additional consumer groups through our 259 factory stores worldwide , which are principally located in major outlet centers . during fiscal 2015 , we added 30 new factory stores and closed six factory stores . we operated the following factory stores as of march 28 , 2015: .
Table
location | factory stores
the americas ( a ) | 165
europe | 54
asia ( b ) | 40
total | 259
( a ) includes the u.s . and canada . ( b ) includes australia . our worldwide factory stores offer selections of our apparel , accessories , and fragrances . in addition to these product offerings , certain of our factory stores in the americas offer home furnishings . our factory stores range in size from approximately 800 to 26700 square feet . factory stores obtain products from our suppliers , our product licensing partners , and our other retail stores and e-commerce operations , and also serve as a secondary distribution channel for our excess and out-of-season products . concession-based shop-within-shops the terms of trade for shop-within-shops are largely conducted on a concession basis , whereby inventory continues to be owned by us ( not the department store ) until ultimate sale to the end consumer . the salespeople involved in the sales transactions are generally our employees and not those of the department store . as of march 28 , 2015 , we had 536 concession-based shop-within-shops at 236 retail locations dedicated to our products , which were located in asia , australia , new zealand , and europe . the size of our concession-based shop-within-shops ranges from approximately 200 to 6000 square feet . we may share in the cost of building out certain of these shop-within-shops with our department store partners . e-commerce websites in addition to our stores , our retail segment sells products online through our e-commerce channel , which includes : 2022 our north american e-commerce sites located at www.ralphlauren.com and www.clubmonaco.com , as well as our club monaco site in canada located at www.clubmonaco.ca ; 2022 our ralph lauren e-commerce sites in europe , including www.ralphlauren.co.uk ( servicing the united kingdom ) , www.ralphlauren.fr ( servicing belgium , france , italy , luxembourg , the netherlands , portugal , and spain ) , and www.ralphlauren.de ( recently expanded to service denmark , estonia , finland , latvia , slovakia , and sweden , in addition to servicing austria and germany ) ; and 2022 our ralph lauren e-commerce sites in asia , including www.ralphlauren.co.jp ( servicing japan ) , www.ralphlauren.co.kr ( servicing south korea ) , www.ralphlauren.asia ( servicing hong kong , macau , malaysia , and singapore ) , and www.ralphlauren.com.au ( servicing australia and new zealand ) . our ralph lauren e-commerce sites in the u.s. , europe , and asia offer our customers access to a broad array of ralph lauren , double rl , polo , and denim & supply apparel , accessories , fragrance , and home products , and reinforce the luxury image of our brands . while investing in e-commerce operations remains a primary focus , it is an extension of our investment in the integrated omni-channel strategy used to operate our overall retail business , in which our e-commerce operations are interdependent with our physical stores . our club monaco e-commerce sites in the u.s . and canada offer our domestic and canadian customers access to our global assortment of club monaco apparel and accessories product lines , as well as select online exclusives. .
Question:
what percentage of factory stores as of march 28 , 2015 where located in asia?
Important information:
table_3: location the asia ( b ) of factory stores is 40 ;
table_4: location the total of factory stores is 259 ;
text_12: as of march 28 , 2015 , we had 536 concession-based shop-within-shops at 236 retail locations dedicated to our products , which were located in asia , australia , new zealand , and europe .
Reasoning Steps:
Step: divide1-1(40, 259) = 15%
Program:
divide(40, 259)
Program (Nested):
divide(40, 259)
| finqa4668 |
in addition to the repurchases of pnc common stock during the fourth quarter of 2012 , what were total number of shares repurchased including shares of series m preferred stock redeemed on december 10 , 2012?
Important information:
text_6: the federal reserve has the power to prohibit us from paying dividends without its approval .
table_4: 2012 period ( a ) the total of total sharespurchased ( b ) is 1055 ; the total of averagepricepaid pershare is $ 55.32 ; the total of total sharespurchased aspartofpubliclyannouncedprograms ( c ) is 1001 ; the total of maximumnumber ofshares thatmay yet bepurchasedundertheprograms ( c ) is ;
text_18: immediately upon such issuance , pnc redeemed all 5001 shares of the series m preferred stock from the trust on december 10 , 2012 at a redemption price equal to $ 100000 per share .
Reasoning Steps:
Step: add1-1(1055, 5001) = 6056
Program:
add(1055, 5001)
Program (Nested):
add(1055, 5001)
| 6056.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2013 , there were 75100 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by the board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock have been paid or declared and set apart for payment . the board presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non- bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the federal reserve 2019s 2013 comprehensive capital analysis and review ( ccar ) as part of its supervisory assessment of capital adequacy described under 201csupervision and regulation 201d in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see 201csupervision and regulation 201d in item 1 of this report , 201cfunding and capital sources 201d in the consolidated balance sheet review section , 201cliquidity risk management 201d in the risk management section , and 201ctrust preferred securities 201d in the off-balance sheet arrangements and variable interest entities section of item 7 of this report , and note 14 capital securities of subsidiary trusts and perpetual trust securities and note 22 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference additional information relating to pnc common stock under the caption 201ccommon stock prices/dividends declared 201d in the statistical information ( unaudited ) section of item 8 of this report . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2012 in the table ( with introductory paragraph and notes ) that appears in item 12 of this report . our registrar , stock transfer agent , and dividend disbursing agent is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 we include here by reference the information that appears under the caption 201ccommon stock performance graph 201d at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2012 are included in the following table : in thousands , except per share data 2012 period ( a ) total shares purchased ( b ) average paid per total shares purchased as part of publicly announced programs ( c ) maximum number of shares that may yet be purchased under the programs ( c ) .
Table
2012 period ( a ) | total sharespurchased ( b ) | averagepricepaid pershare | total sharespurchased aspartofpubliclyannouncedprograms ( c ) | maximumnumber ofshares thatmay yet bepurchasedundertheprograms ( c )
october 1 2013 31 | 13 | $ 60.05 | | 22552
november 1 2013 30 | 750 | $ 55.08 | 750 | 21802
december 1 2013 31 | 292 | $ 55.74 | 251 | 21551
total | 1055 | $ 55.32 | 1001 |
( a ) in addition to the repurchases of pnc common stock during the fourth quarter of 2012 included in the table above , pnc redeemed all 5001 shares of its series m preferred stock on december 10 , 2012 as further described below . as part of the national city transaction , we established the pnc non-cumulative perpetual preferred stock , series m ( the 201cseries m preferred stock 201d ) , which mirrored in all material respects the former national city non-cumulative perpetual preferred stock , series e . on december 10 , 2012 , pnc issued $ 500.1 million aggregate liquidation amount ( 5001 shares ) of the series m preferred stock to the national city preferred capital trust i ( the 201ctrust 201d ) as required pursuant to the settlement of a stock purchase contract agreement between the trust and pnc dated as of january 30 , 2008 . immediately upon such issuance , pnc redeemed all 5001 shares of the series m preferred stock from the trust on december 10 , 2012 at a redemption price equal to $ 100000 per share . ( b ) includes pnc common stock purchased under the program referred to in note ( c ) to this table and pnc common stock purchased in connection with our various employee benefit plans . note 15 employee benefit plans and note 16 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit plans that use pnc common stock . ( c ) our current stock repurchase program allows us to purchase up to 25 million shares on the open market or in privately negotiated transactions . this program was authorized on october 4 , 2007 and will remain in effect until fully utilized or until modified , superseded or terminated . the extent and timing of share repurchases under this program will depend on a number of factors including , among others , market and general economic conditions , economic capital and regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the impact of the federal reserve 2019s supervisory assessment of capital adequacy program . the pnc financial services group , inc . 2013 form 10-k 27 .
Question:
in addition to the repurchases of pnc common stock during the fourth quarter of 2012 , what were total number of shares repurchased including shares of series m preferred stock redeemed on december 10 , 2012?
Important information:
text_6: the federal reserve has the power to prohibit us from paying dividends without its approval .
table_4: 2012 period ( a ) the total of total sharespurchased ( b ) is 1055 ; the total of averagepricepaid pershare is $ 55.32 ; the total of total sharespurchased aspartofpubliclyannouncedprograms ( c ) is 1001 ; the total of maximumnumber ofshares thatmay yet bepurchasedundertheprograms ( c ) is ;
text_18: immediately upon such issuance , pnc redeemed all 5001 shares of the series m preferred stock from the trust on december 10 , 2012 at a redemption price equal to $ 100000 per share .
Reasoning Steps:
Step: add1-1(1055, 5001) = 6056
Program:
add(1055, 5001)
Program (Nested):
add(1055, 5001)
| finqa4669 |
what was the growth rate of the regulatory liability from 2016 to 2017
Important information:
text_9: tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from two to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service .
text_14: the following table summarizes the composition of regulatory liabilities as of december 31: .
table_5: the total regulatory liabilities of 2017 is $ 1664 ; the total regulatory liabilities of 2016 is $ 403 ;
Reasoning Steps:
Step: minus1-1(1664, 403) = 1261
Step: divide1-2(#0, 403) = 312.9 %
Program:
subtract(1664, 403), divide(#0, 403)
Program (Nested):
divide(subtract(1664, 403), 403)
| 3.12903 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded . regulatory balancing accounts include low income programs and purchased power and water accounts . debt expense is amortized over the lives of the respective issues . call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates . as a result of american water capital corp . 2019s prepayment of the 5.62% ( 5.62 % ) series c senior notes due december 21 , 2018 ( 201cseries c senior notes 201d ) and 5.77% ( 5.77 % ) series d senior notes due december 21 , 2021 ( 201cseries d senior notes 201d ) and payment of a make-whole premium amount to the holders thereof of $ 34 million , the company recorded a $ 6 million charge resulting from the early extinguishment of debt at the parent company . substantially all of the early debt extinguishment costs allocable to the company 2019s utility subsidiaries were recorded as regulatory assets that the company believes are probable of recovery in future rates . approximately $ 1 million of the early debt extinguishment costs allocable to the company 2019s utility subsidiaries was amortized in 2017 . purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s california utility subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey utility subsidiary . as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 . tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from two to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service . other regulatory assets include certain construction costs for treatment facilities , property tax stabilization , employee-related costs , deferred other postretirement benefit expense , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others . these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods . regulatory liabilities regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process . also , if costs expected to be incurred in the future are currently being recovered through rates , the company records those expected future costs as regulatory liabilities . the following table summarizes the composition of regulatory liabilities as of december 31: .
Table
| 2017 | 2016
income taxes recovered through rates | $ 1242 | $ 2014
removal costs recovered through rates | 315 | 316
pension and other postretirement benefit balancing accounts | 48 | 55
other | 59 | 32
total regulatory liabilities | $ 1664 | $ 403
income taxes recovered through rates relate to deferred taxes that will likely be refunded to the company 2019s customers . on december 22 , 2017 , the tcja was signed into law , which , among other things , enacted significant and complex changes to the internal revenue code of 1986 , including a reduction in the maximum u.s . federal corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) as of january 1 , 2018 . the tcja created significant .
Question:
what was the growth rate of the regulatory liability from 2016 to 2017
Important information:
text_9: tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from two to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service .
text_14: the following table summarizes the composition of regulatory liabilities as of december 31: .
table_5: the total regulatory liabilities of 2017 is $ 1664 ; the total regulatory liabilities of 2016 is $ 403 ;
Reasoning Steps:
Step: minus1-1(1664, 403) = 1261
Step: divide1-2(#0, 403) = 312.9 %
Program:
subtract(1664, 403), divide(#0, 403)
Program (Nested):
divide(subtract(1664, 403), 403)
| finqa4670 |
if the 2003 growth rate is the same as 2002 , what would 2003 gas transmission throughput be in bcf?\\n
Important information:
table_1: ( millions except pershare amounts ) the operating revenue of 2002 is $ 5940 ; the operating revenue of 2001 is $ 6144 ; the operating revenue of 2000 is $ 4894 ;
table_6: ( millions except pershare amounts ) the gas transmission throughput ( bcf ) of 2002 is 597 ; the gas transmission throughput ( bcf ) of 2001 is 553 ; the gas transmission throughput ( bcf ) of 2000 is 567 ;
text_3: * amounts presented are for electricity supplied by utility and merchant generation operations .
Reasoning Steps:
Step: divide2-1(597, 553) = 108%
Step: multiply2-2(#0, 597) = 645
Program:
divide(597, 553), multiply(#0, 597)
Program (Nested):
multiply(divide(597, 553), 597)
| 644.5009 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
other taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 . in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized . dominion energy 2002 2001 2000 ( millions , except per share amounts ) .
Table
( millions except pershare amounts ) | 2002 | 2001 | 2000
operating revenue | $ 5940 | $ 6144 | $ 4894
operating expenses | 4520 | 4749 | 3939
net income contribution | 770 | 723 | 489
earnings per share contribution | $ 2.72 | $ 2.86 | $ 2.07
electricity supplied* ( million mwhrs ) | 101 | 95 | 83
gas transmission throughput ( bcf ) | 597 | 553 | 567
* amounts presented are for electricity supplied by utility and merchant generation operations . operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 . net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) . interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 . the earnings per share decrease reflected share dilution . regulated electric sales revenue increased $ 179 million . favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively . fuel rate recoveries increased approximately $ 65 million for 2002 . these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income . partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts . nonregulated electric sales revenue increased $ 9 million . sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 . revenue from the wholesale marketing of utility generation decreased $ 74 million . due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market . revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year . net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins . nonregulated gas sales revenue decreased $ 351 million . the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices . revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million . the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment . as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy . the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins . those losses were partially offset by contributions from higher trading volumes in gas and oil markets . gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates . electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations . substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year . for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation . purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations . this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes . liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period . the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments . other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year . depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations . other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t .
Question:
if the 2003 growth rate is the same as 2002 , what would 2003 gas transmission throughput be in bcf?\\n
Important information:
table_1: ( millions except pershare amounts ) the operating revenue of 2002 is $ 5940 ; the operating revenue of 2001 is $ 6144 ; the operating revenue of 2000 is $ 4894 ;
table_6: ( millions except pershare amounts ) the gas transmission throughput ( bcf ) of 2002 is 597 ; the gas transmission throughput ( bcf ) of 2001 is 553 ; the gas transmission throughput ( bcf ) of 2000 is 567 ;
text_3: * amounts presented are for electricity supplied by utility and merchant generation operations .
Reasoning Steps:
Step: divide2-1(597, 553) = 108%
Step: multiply2-2(#0, 597) = 645
Program:
divide(597, 553), multiply(#0, 597)
Program (Nested):
multiply(divide(597, 553), 597)
| finqa4671 |
what is the value of the non operating expenses between 2010 and 2012 ? in millions $ .
Important information:
text_112: as compensation expense associated with ( appreciation ) depreciation on investments related to certain deferred compensation plans , which is included in operating income , substantially offsets the gain ( loss ) on the investments set aside for these plans , management .
table_1: ( dollar amounts in millions ) the non-operating income ( expense ) gaap basis of 2012 is $ -54 ( 54 ) ; the non-operating income ( expense ) gaap basis of 2011 is $ -114 ( 114 ) ; the non-operating income ( expense ) gaap basis of 2010 is $ 23 ;
table_3: ( dollar amounts in millions ) the non-operating income ( expense ) ( 1 ) of 2012 is -36 ( 36 ) ; the non-operating income ( expense ) ( 1 ) of 2011 is -116 ( 116 ) ; the non-operating income ( expense ) ( 1 ) of 2010 is 36 ;
Reasoning Steps:
Step: add1-1(54, 114) = 168
Step: minus1-2(#0, 23) = 145
Program:
add(54, 114), subtract(#0, 23)
Program (Nested):
subtract(add(54, 114), 23)
| 145.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the portion of compensation expense associated with certain long-term incentive plans ( 201cltip 201d ) funded or to be funded through share distributions to participants of blackrock stock held by pnc and a merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) cash compensation contribution , has been excluded because it ultimately does not impact blackrock 2019s book value . the expense related to the merrill lynch cash compensation contribution ceased at the end of third quarter 2011 . as of first quarter 2012 , all of the merrill lynch contributions had been received . compensation expense associated with appreciation ( depreciation ) on investments related to certain blackrock deferred compensation plans has been excluded as returns on investments set aside for these plans , which substantially offset this expense , are reported in non-operating income ( expense ) . management believes operating income exclusive of these items is a useful measure in evaluating blackrock 2019s operating performance and helps enhance the comparability of this information for the reporting periods presented . operating margin , as adjusted : operating income used for measuring operating margin , as adjusted , is equal to operating income , as adjusted , excluding the impact of closed-end fund launch costs and commissions . management believes the exclusion of such costs and commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact the company 2019s results until future periods . operating margin , as adjusted , allows the company to compare performance from period-to-period by adjusting for items that may not recur , recur infrequently or may have an economic offset in non-operating income ( expense ) . examples of such adjustments include bgi transaction and integration costs , u.k . lease exit costs , contribution to stifs , restructuring charges , closed-end fund launch costs , commissions paid to certain employees as compensation and fluctuations in compensation expense based on mark-to-market movements in investments held to fund certain compensation plans . the company also uses operating margin , as adjusted , to monitor corporate performance and efficiency and as a benchmark to compare its performance with other companies . management uses both the gaap and non- gaap financial measures in evaluating the financial performance of blackrock . the non-gaap measure by itself may pose limitations because it does not include all of the company 2019s revenues and expenses . revenue used for operating margin , as adjusted , excludes distribution and servicing costs paid to related parties and other third parties . management believes the exclusion of such costs is useful because it creates consistency in the treatment for certain contracts for similar services , which due to the terms of the contracts , are accounted for under gaap on a net basis within investment advisory , administration fees and securities lending revenue . amortization of deferred sales commissions is excluded from revenue used for operating margin measurement , as adjusted , because such costs , over time , substantially offset distribution fee revenue earned by the company . for each of these items , blackrock excludes from revenue used for operating margin , as adjusted , the costs related to each of these items as a proxy for such offsetting revenues . ( b ) non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests , as adjusted : non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , is presented below . the compensation expense offset is recorded in operating income . this compensation expense has been included in non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , to offset returns on investments set aside for these plans , which are reported in non-operating income ( expense ) , gaap basis . ( dollar amounts in millions ) 2012 2011 2010 non-operating income ( expense ) , gaap basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ( 54 ) $ ( 114 ) $ 23 less : net income ( loss ) attributable to nci . . . . . . . . . . . . . . . . . . . . . . . . ( 18 ) 2 ( 13 ) non-operating income ( expense ) ( 1 ) . . . . . . ( 36 ) ( 116 ) 36 compensation expense related to ( appreciation ) depreciation on deferred compensation plans . . . . ( 6 ) 3 ( 11 ) non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted . . . . . . . . . . . . . . . . . . . . . . . . . . $ ( 42 ) $ ( 113 ) $ 25 ( 1 ) net of net income ( loss ) attributable to nci . management believes non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides comparability of this information among reporting periods and is an effective measure for reviewing blackrock 2019s non-operating contribution to its results . as compensation expense associated with ( appreciation ) depreciation on investments related to certain deferred compensation plans , which is included in operating income , substantially offsets the gain ( loss ) on the investments set aside for these plans , management .
Table
( dollar amounts in millions ) | 2012 | 2011 | 2010
non-operating income ( expense ) gaap basis | $ -54 ( 54 ) | $ -114 ( 114 ) | $ 23
less : net income ( loss ) attributable to nci | -18 ( 18 ) | 2 | -13 ( 13 )
non-operating income ( expense ) ( 1 ) | -36 ( 36 ) | -116 ( 116 ) | 36
compensation expense related to ( appreciation ) depreciation on deferred compensation plans | -6 ( 6 ) | 3 | -11 ( 11 )
non-operating income ( expense ) less net income ( loss ) attributable to nci as adjusted | $ -42 ( 42 ) | $ -113 ( 113 ) | $ 25
the portion of compensation expense associated with certain long-term incentive plans ( 201cltip 201d ) funded or to be funded through share distributions to participants of blackrock stock held by pnc and a merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) cash compensation contribution , has been excluded because it ultimately does not impact blackrock 2019s book value . the expense related to the merrill lynch cash compensation contribution ceased at the end of third quarter 2011 . as of first quarter 2012 , all of the merrill lynch contributions had been received . compensation expense associated with appreciation ( depreciation ) on investments related to certain blackrock deferred compensation plans has been excluded as returns on investments set aside for these plans , which substantially offset this expense , are reported in non-operating income ( expense ) . management believes operating income exclusive of these items is a useful measure in evaluating blackrock 2019s operating performance and helps enhance the comparability of this information for the reporting periods presented . operating margin , as adjusted : operating income used for measuring operating margin , as adjusted , is equal to operating income , as adjusted , excluding the impact of closed-end fund launch costs and commissions . management believes the exclusion of such costs and commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact the company 2019s results until future periods . operating margin , as adjusted , allows the company to compare performance from period-to-period by adjusting for items that may not recur , recur infrequently or may have an economic offset in non-operating income ( expense ) . examples of such adjustments include bgi transaction and integration costs , u.k . lease exit costs , contribution to stifs , restructuring charges , closed-end fund launch costs , commissions paid to certain employees as compensation and fluctuations in compensation expense based on mark-to-market movements in investments held to fund certain compensation plans . the company also uses operating margin , as adjusted , to monitor corporate performance and efficiency and as a benchmark to compare its performance with other companies . management uses both the gaap and non- gaap financial measures in evaluating the financial performance of blackrock . the non-gaap measure by itself may pose limitations because it does not include all of the company 2019s revenues and expenses . revenue used for operating margin , as adjusted , excludes distribution and servicing costs paid to related parties and other third parties . management believes the exclusion of such costs is useful because it creates consistency in the treatment for certain contracts for similar services , which due to the terms of the contracts , are accounted for under gaap on a net basis within investment advisory , administration fees and securities lending revenue . amortization of deferred sales commissions is excluded from revenue used for operating margin measurement , as adjusted , because such costs , over time , substantially offset distribution fee revenue earned by the company . for each of these items , blackrock excludes from revenue used for operating margin , as adjusted , the costs related to each of these items as a proxy for such offsetting revenues . ( b ) non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests , as adjusted : non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , is presented below . the compensation expense offset is recorded in operating income . this compensation expense has been included in non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , to offset returns on investments set aside for these plans , which are reported in non-operating income ( expense ) , gaap basis . ( dollar amounts in millions ) 2012 2011 2010 non-operating income ( expense ) , gaap basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ( 54 ) $ ( 114 ) $ 23 less : net income ( loss ) attributable to nci . . . . . . . . . . . . . . . . . . . . . . . . ( 18 ) 2 ( 13 ) non-operating income ( expense ) ( 1 ) . . . . . . ( 36 ) ( 116 ) 36 compensation expense related to ( appreciation ) depreciation on deferred compensation plans . . . . ( 6 ) 3 ( 11 ) non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted . . . . . . . . . . . . . . . . . . . . . . . . . . $ ( 42 ) $ ( 113 ) $ 25 ( 1 ) net of net income ( loss ) attributable to nci . management believes non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides comparability of this information among reporting periods and is an effective measure for reviewing blackrock 2019s non-operating contribution to its results . as compensation expense associated with ( appreciation ) depreciation on investments related to certain deferred compensation plans , which is included in operating income , substantially offsets the gain ( loss ) on the investments set aside for these plans , management .
Question:
what is the value of the non operating expenses between 2010 and 2012 ? in millions $ .
Important information:
text_112: as compensation expense associated with ( appreciation ) depreciation on investments related to certain deferred compensation plans , which is included in operating income , substantially offsets the gain ( loss ) on the investments set aside for these plans , management .
table_1: ( dollar amounts in millions ) the non-operating income ( expense ) gaap basis of 2012 is $ -54 ( 54 ) ; the non-operating income ( expense ) gaap basis of 2011 is $ -114 ( 114 ) ; the non-operating income ( expense ) gaap basis of 2010 is $ 23 ;
table_3: ( dollar amounts in millions ) the non-operating income ( expense ) ( 1 ) of 2012 is -36 ( 36 ) ; the non-operating income ( expense ) ( 1 ) of 2011 is -116 ( 116 ) ; the non-operating income ( expense ) ( 1 ) of 2010 is 36 ;
Reasoning Steps:
Step: add1-1(54, 114) = 168
Step: minus1-2(#0, 23) = 145
Program:
add(54, 114), subtract(#0, 23)
Program (Nested):
subtract(add(54, 114), 23)
| finqa4672 |
what was the percentage increase in the allowance in doubtful accounts from 2009 to 2010
Important information:
table_1: the balance at beginning of year of 2010 is $ 160 ; the balance at beginning of year of 2009 is $ 133 ; the balance at beginning of year of 2008 is $ 86 ;
table_2: the provision of 2010 is 38 ; the provision of 2009 is 54 ; the provision of 2008 is 65 ;
table_4: the balance at end of year of 2010 is $ 185 ; the balance at end of year of 2009 is $ 160 ; the balance at end of year of 2008 is $ 133 ;
Reasoning Steps:
Step: minus2-1(185, 160) = 25
Step: divide2-2(#0, 160) = 15.6%
Program:
subtract(185, 160), divide(#0, 160)
Program (Nested):
divide(subtract(185, 160), 160)
| 0.15625 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
allowance for doubtful accounts is as follows: .
Table
| 2010 | 2009 | 2008
balance at beginning of year | $ 160 | $ 133 | $ 86
provision | 38 | 54 | 65
amounts written off | -13 ( 13 ) | -27 ( 27 ) | -18 ( 18 )
balance at end of year | $ 185 | $ 160 | $ 133
discontinued operations during the fourth quarter of 2009 , schlumberger recorded a net $ 22 million charge related to the resolution of a customs assessment pertaining to its former offshore contract drilling business , as well as the resolution of certain contingencies associated with other previously disposed of businesses . this amount is included in income ( loss ) from discontinued operations in the consolidated statement of income . during the first quarter of 2008 , schlumberger recorded a gain of $ 38 million related to the resolution of a contingency associated with a previously disposed of business . this gain is included in income ( loss ) from discon- tinued operations in the consolidated statement of income . part ii , item 8 .
Question:
what was the percentage increase in the allowance in doubtful accounts from 2009 to 2010
Important information:
table_1: the balance at beginning of year of 2010 is $ 160 ; the balance at beginning of year of 2009 is $ 133 ; the balance at beginning of year of 2008 is $ 86 ;
table_2: the provision of 2010 is 38 ; the provision of 2009 is 54 ; the provision of 2008 is 65 ;
table_4: the balance at end of year of 2010 is $ 185 ; the balance at end of year of 2009 is $ 160 ; the balance at end of year of 2008 is $ 133 ;
Reasoning Steps:
Step: minus2-1(185, 160) = 25
Step: divide2-2(#0, 160) = 15.6%
Program:
subtract(185, 160), divide(#0, 160)
Program (Nested):
divide(subtract(185, 160), 160)
| finqa4673 |
in 2013 what was the ratio of the track miles of rail replaced to the capacity expansion
Important information:
table_1: the track miles of rail replaced of 2013 is 834 ; the track miles of rail replaced of 2012 is 964 ; the track miles of rail replaced of 2011 is 895 ;
table_2: the track miles of rail capacity expansion of 2013 is 97 ; the track miles of rail capacity expansion of 2012 is 139 ; the track miles of rail capacity expansion of 2011 is 69 ;
table_4: the miles of track surfaced of 2013 is 11017 ; the miles of track surfaced of 2012 is 11049 ; the miles of track surfaced of 2011 is 11284 ;
Reasoning Steps:
Step: divide1-1(834, 97) = 8.6
Program:
divide(834, 97)
Program (Nested):
divide(834, 97)
| 8.59794 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2013 2012 2011 .
Table
| 2013 | 2012 | 2011
track miles of rail replaced | 834 | 964 | 895
track miles of rail capacity expansion | 97 | 139 | 69
new ties installed ( thousands ) | 3870 | 4436 | 3785
miles of track surfaced | 11017 | 11049 | 11284
capital plan 2013 in 2014 , we expect our total capital investments to be approximately $ 3.9 billion , which may be revised if business conditions or the regulatory environment affect our ability to generate sufficient returns on these investments . while the number of our assets replaced will fluctuate as part of our replacement strategy , for 2014 we expect to use over 60% ( 60 % ) of our capital investments to replace and improve existing capital assets . among our major investment categories are replacing and improving track infrastructure and upgrading our locomotive , freight car and container fleets , including the acquisition of 200 locomotives . additionally , we will continue increasing our network and terminal capacity , especially in the southern region , and balancing terminal capacity with more mainline capacity . construction of a major rail facility at santa teresa , new mexico , will be completed in 2014 and will include a run-through and fueling facility as well as an intermodal ramp . we also plan to make significant investments in technology improvements , including approximately $ 450 million for ptc . we expect to fund our 2014 cash capital investments by using some or all of the following : cash generated from operations , proceeds from the sale or lease of various operating and non-operating properties , proceeds from the issuance of long-term debt , and cash on hand . our annual capital plan is a critical component of our long-term strategic plan , which we expect will enhance the long-term value of the corporation for our shareholders by providing sufficient resources to ( i ) replace and improve our existing track infrastructure to provide safe and fluid operations , ( ii ) increase network efficiency by adding or improving facilities and track , and ( iii ) make investments that meet customer demand and take advantage of opportunities for long-term growth . financing activities cash used in financing activities increased in 2013 versus 2012 , driven by a $ 744 million increase for the repurchase of shares under our common stock repurchase program and higher dividend payments in 2013 of $ 1.3 billion compared to $ 1.1 billion in 2012 . we increased our debt levels in 2013 , which partially offset the increase in cash used in financing activities . cash used in financing activities increased in 2012 versus 2011 . dividend payments in 2012 increased by $ 309 million , reflecting our higher dividend rate , and common stock repurchases increased by $ 56 million . our debt levels did not materially change from 2011 after a decline in debt levels from 2010 . therefore , less cash was used in 2012 for debt activity than in 2011 . dividends 2013 on february 6 , 2014 , we increased the quarterly dividend to $ 0.91 per share , payable on april 1 , 2014 , to shareholders of record on february 28 , 2014 . we expect to fund the increase in the quarterly dividend through cash generated from operations and cash on hand at december 31 , 2013 . credit facilities 2013 on december 31 , 2013 , we had $ 1.8 billion of credit available under our revolving credit facility ( the facility ) , which is designated for general corporate purposes and supports the issuance of commercial paper . we did not draw on the facility during 2013 . commitment fees and interest rates payable under the facility are similar to fees and rates available to comparably rated , investment-grade borrowers . the facility allows for borrowings at floating rates based on london interbank offered rates , plus a spread , depending upon credit ratings for our senior unsecured debt . the facility matures in 2015 under a four year term and requires the corporation to maintain a debt-to-net-worth coverage ratio as a condition to making a borrowing . at december 31 , 2013 , and december 31 , 2012 ( and at all times during the year ) , we were in compliance with this covenant . the definition of debt used for purposes of calculating the debt-to-net-worth coverage ratio includes , among other things , certain credit arrangements , capital leases , guarantees and unfunded and vested pension benefits under title iv of erisa . at december 31 , 2013 , the debt-to-net-worth coverage ratio allowed us to carry up to $ 42.4 billion of debt ( as defined in the facility ) , and we had $ 9.9 billion of debt ( as defined in the facility ) outstanding at that date . under our current capital plans , we expect to continue to satisfy the debt-to-net-worth coverage ratio ; however , many factors beyond our reasonable control .
Question:
in 2013 what was the ratio of the track miles of rail replaced to the capacity expansion
Important information:
table_1: the track miles of rail replaced of 2013 is 834 ; the track miles of rail replaced of 2012 is 964 ; the track miles of rail replaced of 2011 is 895 ;
table_2: the track miles of rail capacity expansion of 2013 is 97 ; the track miles of rail capacity expansion of 2012 is 139 ; the track miles of rail capacity expansion of 2011 is 69 ;
table_4: the miles of track surfaced of 2013 is 11017 ; the miles of track surfaced of 2012 is 11049 ; the miles of track surfaced of 2011 is 11284 ;
Reasoning Steps:
Step: divide1-1(834, 97) = 8.6
Program:
divide(834, 97)
Program (Nested):
divide(834, 97)
| finqa4674 |
what portion of total capability of entergy corporation is generated by entergy arkansas?
Important information:
table_1: company the entergy arkansas of owned and leased capability mw ( 1 ) total is 4709 ; the entergy arkansas of owned and leased capability mw ( 1 ) gas/oil is 1613 ; the entergy arkansas of owned and leased capability mw ( 1 ) nuclear is 1837 ; the entergy arkansas of owned and leased capability mw ( 1 ) coal is 1189 ; the entergy arkansas of owned and leased capability mw ( 1 ) hydro is 70 ;
table_7: company the total of owned and leased capability mw ( 1 ) total is 21513 ; the total of owned and leased capability mw ( 1 ) gas/oil is 14184 ; the total of owned and leased capability mw ( 1 ) nuclear is 5035 ; the total of owned and leased capability mw ( 1 ) coal is 2224 ; the total of owned and leased capability mw ( 1 ) hydro is 70 ;
text_15: utility service territory is typically around 21000 mw , with minimum load typically around 9000 mw .
Reasoning Steps:
Step: divide1-1(4709, 21513) = 21.9%
Program:
divide(4709, 21513)
Program (Nested):
divide(4709, 21513)
| 0.21889 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part i item 1 entergy corporation , domestic utility companies , and system energy entergy louisiana holds non-exclusive franchises to provide electric service in approximately 116 incorporated louisiana municipalities . most of these franchises have 25-year terms , although six of these municipalities have granted 60-year franchises . entergy louisiana also supplies electric service in approximately 353 unincorporated communities , all of which are located in louisiana parishes in which it holds non-exclusive franchises . entergy mississippi has received from the mpsc certificates of public convenience and necessity to provide electric service to areas within 45 counties , including a number of municipalities , in western mississippi . under mississippi statutory law , such certificates are exclusive . entergy mississippi may continue to serve in such municipalities upon payment of a statutory franchise fee , regardless of whether an original municipal franchise is still in existence . entergy new orleans provides electric and gas service in the city of new orleans pursuant to 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' electric and gas utility properties . 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 domestic utility companies and system energy as of december 31 , 2004 , is indicated below: .
Table
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 | 4709 | 1613 | 1837 | 1189 | 70
entergy gulf states | 6485 | 4890 | 968 | 627 | -
entergy louisiana | 5363 | 4276 | 1087 | - | -
entergy mississippi | 2898 | 2490 | - | 408 | -
entergy new orleans | 915 | 915 | - | - | -
system energy | 1143 | - | 1143 | - | -
total | 21513 | 14184 | 5035 | 2224 | 70
( 1 ) "owned and leased capability" 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 . entergy'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 loads , and economy . peak load in the u.s . utility service territory is typically around 21000 mw , with minimum load typically around 9000 mw . allowing for an adequate reserve margin , entergy has been short approximately 3000 mw during the summer peak load period . in addition to its net short position at summer peak , entergy considers its generation in three categories : ( 1 ) baseload ( e.g . coal and nuclear ) ; ( 2 ) load-following ( e.g . combined cycle gas-fired ) ; and ( 3 ) peaking . the relative supply and demand for these categories of generation vary by region of the entergy system . for example , the north end of its system has more baseload coal and nuclear generation than regional demand requires , but is short load-following or intermediate generation . in the south end of the entergy system , load would be more effectively served if gas- fired intermediate resources already in place were supplemented with additional solid fuel baseload generation. .
Question:
what portion of total capability of entergy corporation is generated by entergy arkansas?
Important information:
table_1: company the entergy arkansas of owned and leased capability mw ( 1 ) total is 4709 ; the entergy arkansas of owned and leased capability mw ( 1 ) gas/oil is 1613 ; the entergy arkansas of owned and leased capability mw ( 1 ) nuclear is 1837 ; the entergy arkansas of owned and leased capability mw ( 1 ) coal is 1189 ; the entergy arkansas of owned and leased capability mw ( 1 ) hydro is 70 ;
table_7: company the total of owned and leased capability mw ( 1 ) total is 21513 ; the total of owned and leased capability mw ( 1 ) gas/oil is 14184 ; the total of owned and leased capability mw ( 1 ) nuclear is 5035 ; the total of owned and leased capability mw ( 1 ) coal is 2224 ; the total of owned and leased capability mw ( 1 ) hydro is 70 ;
text_15: utility service territory is typically around 21000 mw , with minimum load typically around 9000 mw .
Reasoning Steps:
Step: divide1-1(4709, 21513) = 21.9%
Program:
divide(4709, 21513)
Program (Nested):
divide(4709, 21513)
| finqa4675 |
for 2007 , what was thee average quarterly high stock price?
Important information:
table_1: 2007 the quarter ended march 31 of high is $ 41.31 ; the quarter ended march 31 of low is $ 36.63 ;
table_2: 2007 the quarter ended june 30 of high is 43.84 ; the quarter ended june 30 of low is 37.64 ;
table_3: 2007 the quarter ended september 30 of high is 45.45 ; the quarter ended september 30 of low is 36.34 ;
table_4: 2007 the quarter ended december 31 of high is 46.53 ; the quarter ended december 31 of low is 40.08 ;
Reasoning Steps:
Step: add2-1(41.31, 43.84) = 85.15
Step: add2-2(#0, 45.45) = 130.6
Step: add2-3(#1, 46.53) = 177.13
Step: divide2-4(#2, const_4) = 44.28
Program:
add(41.31, 43.84), add(#0, 45.45), add(#1, 46.53), divide(#2, const_4)
Program (Nested):
divide(add(add(add(41.31, 43.84), 45.45), 46.53), const_4)
| 44.2825 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2007 and 2006. .
Table
2007 | high | low
quarter ended march 31 | $ 41.31 | $ 36.63
quarter ended june 30 | 43.84 | 37.64
quarter ended september 30 | 45.45 | 36.34
quarter ended december 31 | 46.53 | 40.08
2006 | high | low
quarter ended march 31 | $ 32.68 | $ 26.66
quarter ended june 30 | 35.75 | 27.35
quarter ended september 30 | 36.92 | 29.98
quarter ended december 31 | 38.74 | 35.21
on february 29 , 2008 , the closing price of our class a common stock was $ 38.44 per share as reported on the nyse . as of february 29 , 2008 , we had 395748826 outstanding shares of class a common stock and 528 registered holders . dividends we have never paid a dividend on any class of our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 201c7.50% ( 201c7.50 % ) notes 201d ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 201c7.125% ( 201c7.125 % ) notes 201d ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . the loan agreement for our revolving credit facility and the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied . in addition , while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization . for more information about the restrictions under the loan agreement for the revolving credit facility , our notes indentures and the loan agreement related to the securitization , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 3 to our consolidated financial statements included in this annual report. .
Question:
for 2007 , what was thee average quarterly high stock price?
Important information:
table_1: 2007 the quarter ended march 31 of high is $ 41.31 ; the quarter ended march 31 of low is $ 36.63 ;
table_2: 2007 the quarter ended june 30 of high is 43.84 ; the quarter ended june 30 of low is 37.64 ;
table_3: 2007 the quarter ended september 30 of high is 45.45 ; the quarter ended september 30 of low is 36.34 ;
table_4: 2007 the quarter ended december 31 of high is 46.53 ; the quarter ended december 31 of low is 40.08 ;
Reasoning Steps:
Step: add2-1(41.31, 43.84) = 85.15
Step: add2-2(#0, 45.45) = 130.6
Step: add2-3(#1, 46.53) = 177.13
Step: divide2-4(#2, const_4) = 44.28
Program:
add(41.31, 43.84), add(#0, 45.45), add(#1, 46.53), divide(#2, const_4)
Program (Nested):
divide(add(add(add(41.31, 43.84), 45.45), 46.53), const_4)
| finqa4676 |
what was the ratio of the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 for 2011 compared to 2010
Important information:
text_1: the guarantees rank equally with all other unsecured and unsubordinated indebtedness of the guarantors .
text_13: the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 , 2011 and 2010 , was $ 1864 million and $ 128 million , respectively .
table_6: 2012 the total long-term debt of $ 29 is $ 1859 ;
Reasoning Steps:
Step: divide2-1(1864, 128) = 14.56
Program:
divide(1864, 128)
Program (Nested):
divide(1864, 128)
| 14.5625 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
performance of the company 2019s obligations under the senior notes , including any repurchase obligations resulting from a change of control , is unconditionally guaranteed , jointly and severally , on an unsecured basis , by each of hii 2019s existing and future domestic restricted subsidiaries that guarantees debt under the credit facility ( the 201csubsidiary guarantors 201d ) . the guarantees rank equally with all other unsecured and unsubordinated indebtedness of the guarantors . the subsidiary guarantors are each directly or indirectly 100% ( 100 % ) owned by hii . there are no significant restrictions on the ability of hii or any subsidiary guarantor to obtain funds from their respective subsidiaries by dividend or loan . mississippi economic development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 83.7 million outstanding from the issuance of industrial revenue bonds issued by the mississippi business finance corporation . these bonds accrue interest at a fixed rate of 7.81% ( 7.81 % ) per annum ( payable semi-annually ) and mature in 2024 . while repayment of principal and interest is guaranteed by northrop grumman systems corporation , hii has agreed to indemnify northrop grumman systems corporation for any losses related to the guaranty . in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi . gulf opportunity zone industrial development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 21.6 million outstanding from the issuance of gulf opportunity zone industrial development revenue bonds ( 201cgo zone irbs 201d ) issued by the mississippi business finance corporation . the go zone irbs were initially issued in a principal amount of $ 200 million , and in november 2010 , in connection with the anticipated spin-off , hii purchased $ 178 million of the bonds using the proceeds from a $ 178 million intercompany loan from northrop grumman . see note 20 : related party transactions and former parent company equity . the remaining bonds accrue interest at a fixed rate of 4.55% ( 4.55 % ) per annum ( payable semi-annually ) , and mature in 2028 . in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi . the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 , 2011 and 2010 , was $ 1864 million and $ 128 million , respectively . the fair value of the total long-term debt was calculated based on recent trades for most of the company 2019s debt instruments or based on interest rates prevailing on debt with substantially similar risks , terms and maturities . the aggregate amounts of principal payments due on long-term debt for each of the next five years and thereafter are : ( $ in millions ) .
Table
2012 | $ 29
2013 | 50
2014 | 79
2015 | 108
2016 | 288
thereafter | 1305
total long-term debt | $ 1859
14 . investigations , claims , and litigation the company is involved in legal proceedings before various courts and administrative agencies , and is periodically subject to government examinations , inquiries and investigations . pursuant to fasb accounting standard codification 450 contingencies , the company has accrued for losses associated with investigations , claims and litigation when , and to the extent that , loss amounts related to the investigations , claims and litigation are probable and can be reasonably estimated . the actual losses that might be incurred to resolve such investigations , claims and litigation may be higher or lower than the amounts accrued . for matters where a material loss is probable or reasonably possible and the amount of loss cannot be reasonably estimated , but the company is able to reasonably estimate a range of possible losses , such estimated range is required to be disclosed in these notes . this estimated range would be based on information currently available to the company and would involve elements of judgment and significant uncertainties . this estimated range of possible loss would not represent the company 2019s maximum possible loss exposure . for matters as to which the company is not able to reasonably estimate a possible loss or range of loss , the company is required to indicate the reasons why it is unable to estimate the possible loss or range of loss . for matters not specifically described in these notes , the company does not believe , based on information currently available to it , that it is reasonably possible that the liabilities , if any , arising from .
Question:
what was the ratio of the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 for 2011 compared to 2010
Important information:
text_1: the guarantees rank equally with all other unsecured and unsubordinated indebtedness of the guarantors .
text_13: the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 , 2011 and 2010 , was $ 1864 million and $ 128 million , respectively .
table_6: 2012 the total long-term debt of $ 29 is $ 1859 ;
Reasoning Steps:
Step: divide2-1(1864, 128) = 14.56
Program:
divide(1864, 128)
Program (Nested):
divide(1864, 128)
| finqa4677 |
based on the selected financial statement data what was the variance between the mortgage loans average and period-end balance
Important information:
table_4: as of or for the year ended december 31 ( in millions ) the mortgage loans ( average ) of 2013 is 5145 ; the mortgage loans ( average ) of 2012 is 10241 ; the mortgage loans ( average ) of 2011 is 13006 ;
table_5: as of or for the year ended december 31 ( in millions ) the mortgage loans ( period-end ) of 2013 is 3779 ; the mortgage loans ( period-end ) of 2012 is 7037 ; the mortgage loans ( period-end ) of 2011 is 13375 ;
text_31: ( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 .
Reasoning Steps:
Step: minus2-1(5145, 3779) = 1366
Program:
subtract(5145, 3779)
Program (Nested):
subtract(5145, 3779)
| 1366.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis 110 jpmorgan chase & co./2013 annual report 2012 compared with 2011 net loss was $ 2.0 billion , compared with a net income of $ 919 million in the prior year . private equity reported net income of $ 292 million , compared with net income of $ 391 million in the prior year . net revenue was $ 601 million , compared with $ 836 million in the prior year , due to lower unrealized and realized gains on private investments , partially offset by higher unrealized gains on public securities . noninterest expense was $ 145 million , down from $ 238 million in the prior year . treasury and cio reported a net loss of $ 2.1 billion , compared with net income of $ 1.3 billion in the prior year . net revenue was a loss of $ 3.1 billion , compared with net revenue of $ 3.2 billion in the prior year . the current year loss reflected $ 5.8 billion of losses incurred by cio from the synthetic credit portfolio for the six months ended june 30 , 2012 , and $ 449 million of losses from the retained index credit derivative positions for the three months ended september 30 , 2012 . these losses were partially offset by securities gains of $ 2.0 billion . the current year revenue reflected $ 888 million of extinguishment gains related to the redemption of trust preferred securities , which are included in all other income in the above table . the extinguishment gains were related to adjustments applied to the cost basis of the trust preferred securities during the period they were in a qualified hedge accounting relationship . net interest income was negative $ 683 million , compared with $ 1.4 billion in the prior year , primarily reflecting the impact of lower portfolio yields and higher deposit balances across the firm . other corporate reported a net loss of $ 221 million , compared with a net loss of $ 821 million in the prior year . noninterest revenue of $ 1.8 billion was driven by a $ 1.1 billion benefit for the washington mutual bankruptcy settlement , which is included in all other income in the above table , and a $ 665 million gain from the recovery on a bear stearns-related subordinated loan . noninterest expense of $ 3.8 billion was up $ 1.0 billion compared with the prior year . the current year included expense of $ 3.7 billion for additional litigation reserves , largely for mortgage-related matters . the prior year included expense of $ 3.2 billion for additional litigation reserves . treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities . cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs and htm investment securities portfolios ( the 201cinvestment securities portfolio 201d ) . cio also uses derivatives , as well as securities that are not classified as afs or htm , to meet the firm 2019s asset-liability management objectives . for further information on derivatives , see note 6 on pages 220 2013233 of this annual report . for further information about securities not classified within the afs or htm portfolio , see note 3 on pages 195 2013215 of this annual report . the treasury and cio investment securities portfolio primarily consists of u.s . and non-u.s . government securities , agency and non-agency mortgage-backed securities , other asset-backed securities , corporate debt securities and obligations of u.s . states and municipalities . at december 31 , 2013 , the total treasury and cio investment securities portfolio was $ 347.6 billion ; the average credit rating of the securities comprising the treasury and cio investment securities portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . see note 12 on pages 249 2013254 of this annual report for further information on the details of the firm 2019s investment securities portfolio . for further information on liquidity and funding risk , see liquidity risk management on pages 168 2013173 of this annual report . for information on interest rate , foreign exchange and other risks , treasury and cio value-at-risk ( 201cvar 201d ) and the firm 2019s structural interest rate-sensitive revenue at risk , see market risk management on pages 142 2013148 of this annual report . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2013 2012 2011 .
Table
as of or for the year ended december 31 ( in millions ) | 2013 | 2012 | 2011
securities gains | $ 659 | $ 2028 | $ 1385
investment securities portfolio ( average ) | 353712 | 358029 | 330885
investment securities portfolio ( period 2013end ) ( a ) | 347562 | 365421 | 355605
mortgage loans ( average ) | 5145 | 10241 | 13006
mortgage loans ( period-end ) | 3779 | 7037 | 13375
( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 . held-to-maturity balances for the other periods were not material. .
Question:
based on the selected financial statement data what was the variance between the mortgage loans average and period-end balance
Important information:
table_4: as of or for the year ended december 31 ( in millions ) the mortgage loans ( average ) of 2013 is 5145 ; the mortgage loans ( average ) of 2012 is 10241 ; the mortgage loans ( average ) of 2011 is 13006 ;
table_5: as of or for the year ended december 31 ( in millions ) the mortgage loans ( period-end ) of 2013 is 3779 ; the mortgage loans ( period-end ) of 2012 is 7037 ; the mortgage loans ( period-end ) of 2011 is 13375 ;
text_31: ( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 .
Reasoning Steps:
Step: minus2-1(5145, 3779) = 1366
Program:
subtract(5145, 3779)
Program (Nested):
subtract(5145, 3779)
| finqa4678 |
what was total lease expense , including base rent on all leases and executory costs , for the years ended december 31 , 2005 and 2004 , in millions?
Important information:
text_8: operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases .
table_6: 2006 the total of $ 24569 is $ 113972 ;
text_12: total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively .
Reasoning Steps:
Step: add2-1(35.8, 33.0) = 68.8
Program:
add(35.8, 33.0)
Program (Nested):
add(35.8, 33.0)
| 68.8 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2005 9 . shareholders 2019 equity ( continued ) stockholder received proceeds , net of the underwriting discount , of $ 20.69 per share . the company did not sell any shares in , or receive any proceeds from , the secondary offering . concurrent with the closing of the secondary offering on december 21 , 2005 , the company entered into a common stock repurchase agreement with pca holdings llc . pursuant to the repurchase agreement , the company purchased 4500000 shares of common stock directly from pca holdings llc at the initial price to the public net of the underwriting discount or $ 20.69 per share , the same net price per share received by pca holdings llc in the secondary offering . these shares were retired on december 21 , 2005 . 10 . commitments and contingencies capital commitments the company had authorized capital expenditures of approximately $ 33.1 million and $ 55.2 million as of december 31 , 2005 and 2004 , respectively , in connection with the expansion and replacement of existing facilities and equipment . operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases . the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases of a duration generally of three years . the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows : ( in thousands ) .
Table
2006 | $ 24569
2007 | 21086
2008 | 14716
2009 | 9801
2010 | 6670
thereafter | 37130
total | $ 113972
capital lease obligations were not significant to the accompanying financial statements . total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively . these costs are included in cost of goods sold and selling and administrative expenses. .
Question:
what was total lease expense , including base rent on all leases and executory costs , for the years ended december 31 , 2005 and 2004 , in millions?
Important information:
text_8: operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases .
table_6: 2006 the total of $ 24569 is $ 113972 ;
text_12: total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively .
Reasoning Steps:
Step: add2-1(35.8, 33.0) = 68.8
Program:
add(35.8, 33.0)
Program (Nested):
add(35.8, 33.0)
| finqa4679 |
if the 2009 weighted-average debt level had the same weighted average interest rate as 2008 , what would interest expense have been , in millions?
Important information:
table_2: millions of dollars the interest expense of 2009 is -600 ( 600 ) ; the interest expense of 2008 is -511 ( 511 ) ; the interest expense of 2007 is -482 ( 482 ) ; the interest expense of % ( % ) change 2009 v 2008 is 17 ; the interest expense of % ( % ) change 2008 v 2007 is 6 ;
text_16: in 2009 , the weighted-average debt level was $ 9.6 billion ( including the restructuring of locomotive leases in may of 2009 ) , compared to $ 8.3 billion in 2008 .
text_17: our effective interest rate was 6.3% ( 6.3 % ) in 2009 , compared to 6.1% ( 6.1 % ) in 2008 .
Reasoning Steps:
Step: multiply1-1(9.6, 6.1%) = .5856
Step: multiply1-2(#0, const_1000) = 585.6
Program:
multiply(9.6, 6.1%), multiply(#0, const_1000)
Program (Nested):
multiply(multiply(9.6, 6.1%), const_1000)
| 585.6 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
an adverse development with respect to one claim in 2008 and favorable developments in three cases in 2009 . other costs were also lower in 2009 compared to 2008 , driven by a decrease in expenses for freight and property damages , employee travel , and utilities . in addition , higher bad debt expense in 2008 due to the uncertain impact of the recessionary economy drove a favorable year-over-year comparison . conversely , an additional expense of $ 30 million related to a transaction with pacer international , inc . and higher property taxes partially offset lower costs in 2009 . other costs were higher in 2008 compared to 2007 due to an increase in bad debts , state and local taxes , loss and damage expenses , utility costs , and other miscellaneous expenses totaling $ 122 million . conversely , personal injury costs ( including asbestos-related claims ) were $ 8 million lower in 2008 compared to 2007 . the reduction reflects improvements in our safety experience and lower estimated costs to resolve claims as indicated in the actuarial studies of our personal injury expense and annual reviews of asbestos-related claims in both 2008 and 2007 . the year-over-year comparison also includes the negative impact of adverse development associated with one claim in 2008 . in addition , environmental and toxic tort expenses were $ 7 million lower in 2008 compared to 2007 . non-operating items millions of dollars 2009 2008 2007 % ( % ) change 2009 v 2008 % ( % ) change 2008 v 2007 .
Table
millions of dollars | 2009 | 2008 | 2007 | % ( % ) change 2009 v 2008 | % ( % ) change 2008 v 2007
other income | $ 195 | $ 92 | $ 116 | 112 % ( % ) | ( 21 ) % ( % )
interest expense | -600 ( 600 ) | -511 ( 511 ) | -482 ( 482 ) | 17 | 6
income taxes | -1089 ( 1089 ) | -1318 ( 1318 ) | -1154 ( 1154 ) | -17 ( 17 ) | 14
other income 2013 other income increased $ 103 million in 2009 compared to 2008 primarily due to higher gains from real estate sales , which included the $ 116 million pre-tax gain from a land sale to the regional transportation district ( rtd ) in colorado and lower interest expense on our sale of receivables program , resulting from lower interest rates and a lower outstanding balance . reduced rental and licensing income and lower returns on cash investments , reflecting lower interest rates , partially offset these increases . other income decreased in 2008 compared to 2007 due to lower gains from real estate sales and decreased returns on cash investments reflecting lower interest rates . higher rental and licensing income and lower interest expense on our sale of receivables program partially offset the decreases . interest expense 2013 interest expense increased in 2009 versus 2008 due primarily to higher weighted- average debt levels . in 2009 , the weighted-average debt level was $ 9.6 billion ( including the restructuring of locomotive leases in may of 2009 ) , compared to $ 8.3 billion in 2008 . our effective interest rate was 6.3% ( 6.3 % ) in 2009 , compared to 6.1% ( 6.1 % ) in 2008 . interest expense increased in 2008 versus 2007 due to a higher weighted-average debt level of $ 8.3 billion , compared to $ 7.3 billion in 2007 . a lower effective interest rate of 6.1% ( 6.1 % ) in 2008 , compared to 6.6% ( 6.6 % ) in 2007 , partially offset the effects of the higher weighted-average debt level . income taxes 2013 income taxes were lower in 2009 compared to 2008 , driven by lower pre-tax income . our effective tax rate for the year was 36.5% ( 36.5 % ) compared to 36.1% ( 36.1 % ) in 2008 . income taxes were higher in 2008 compared to 2007 , driven by higher pre-tax income . our effective tax rates were 36.1% ( 36.1 % ) and 38.4% ( 38.4 % ) in 2008 and 2007 , respectively . the lower effective tax rate in 2008 resulted from several reductions in tax expense related to federal audits and state tax law changes . in addition , the effective tax rate in 2007 was increased by illinois legislation that increased deferred tax expense in the third quarter of 2007. .
Question:
if the 2009 weighted-average debt level had the same weighted average interest rate as 2008 , what would interest expense have been , in millions?
Important information:
table_2: millions of dollars the interest expense of 2009 is -600 ( 600 ) ; the interest expense of 2008 is -511 ( 511 ) ; the interest expense of 2007 is -482 ( 482 ) ; the interest expense of % ( % ) change 2009 v 2008 is 17 ; the interest expense of % ( % ) change 2008 v 2007 is 6 ;
text_16: in 2009 , the weighted-average debt level was $ 9.6 billion ( including the restructuring of locomotive leases in may of 2009 ) , compared to $ 8.3 billion in 2008 .
text_17: our effective interest rate was 6.3% ( 6.3 % ) in 2009 , compared to 6.1% ( 6.1 % ) in 2008 .
Reasoning Steps:
Step: multiply1-1(9.6, 6.1%) = .5856
Step: multiply1-2(#0, const_1000) = 585.6
Program:
multiply(9.6, 6.1%), multiply(#0, const_1000)
Program (Nested):
multiply(multiply(9.6, 6.1%), const_1000)
| finqa4680 |
what was the percentage increase in short term debt for amounts distributed to shareholders and debt holders during 2009?
Important information:
text_16: 31 , millions of dollars 2009 2008 .
table_5: millions of dollars the dividends and interest of dec . 31 2009 is 347 ; the dividends and interest of dec . 31 2008 is 328 ;
table_8: millions of dollars the total accounts payable and other current liabilities of dec . 31 2009 is $ 2470 ; the total accounts payable and other current liabilities of dec . 31 2008 is $ 2560 ;
Reasoning Steps:
Step: minus1-1(347, 328) = 19
Step: divide1-2(#0, 328) = 5.8%
Program:
subtract(347, 328), divide(#0, 328)
Program (Nested):
divide(subtract(347, 328), 328)
| 0.05793 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing road infrastructure assets ( program projects ) , which is typically performed by our employees , and for track line expansion ( capacity projects ) . costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized . direct costs that are capitalized as part of self-constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . these costs are allocated using appropriate statistical bases . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 11 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions of dollars 2009 2008 .
Table
millions of dollars | dec . 31 2009 | dec . 31 2008
accounts payable | $ 612 | $ 629
accrued wages and vacation | 339 | 367
accrued casualty costs | 379 | 390
income and other taxes | 224 | 207
dividends and interest | 347 | 328
equipment rents payable | 89 | 93
other | 480 | 546
total accounts payable and other current liabilities | $ 2470 | $ 2560
12 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements. .
Question:
what was the percentage increase in short term debt for amounts distributed to shareholders and debt holders during 2009?
Important information:
text_16: 31 , millions of dollars 2009 2008 .
table_5: millions of dollars the dividends and interest of dec . 31 2009 is 347 ; the dividends and interest of dec . 31 2008 is 328 ;
table_8: millions of dollars the total accounts payable and other current liabilities of dec . 31 2009 is $ 2470 ; the total accounts payable and other current liabilities of dec . 31 2008 is $ 2560 ;
Reasoning Steps:
Step: minus1-1(347, 328) = 19
Step: divide1-2(#0, 328) = 5.8%
Program:
subtract(347, 328), divide(#0, 328)
Program (Nested):
divide(subtract(347, 328), 328)
| finqa4681 |
what are the total operating expenses as a percentage of sales in 2010?
Important information:
table_1: ( in millions ) the net sales of 2010 is $ 8246 ; the net sales of 2009 is $ 8654 ; the net sales of 2008 is $ 8027 ;
table_2: ( in millions ) the operating profit of 2010 is 972 ; the operating profit of 2009 is 972 ; the operating profit of 2008 is 953 ;
table_3: ( in millions ) the operating margin of 2010 is 11.8% ( 11.8 % ) ; the operating margin of 2009 is 11.2% ( 11.2 % ) ; the operating margin of 2008 is 11.9% ( 11.9 % ) ;
Reasoning Steps:
Step: minus2-1(8246, 972) = 7274
Step: divide2-2(#0, 8246) = 88.2%
Program:
subtract(8246, 972), divide(#0, 8246)
Program (Nested):
divide(subtract(8246, 972), 8246)
| 0.88212 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 .
Table
( in millions ) | 2010 | 2009 | 2008
net sales | $ 8246 | $ 8654 | $ 8027
operating profit | 972 | 972 | 953
operating margin | 11.8% ( 11.8 % ) | 11.2% ( 11.2 % ) | 11.9% ( 11.9 % )
backlog at year-end | 17800 | 16800 | 17900
net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question:
what are the total operating expenses as a percentage of sales in 2010?
Important information:
table_1: ( in millions ) the net sales of 2010 is $ 8246 ; the net sales of 2009 is $ 8654 ; the net sales of 2008 is $ 8027 ;
table_2: ( in millions ) the operating profit of 2010 is 972 ; the operating profit of 2009 is 972 ; the operating profit of 2008 is 953 ;
table_3: ( in millions ) the operating margin of 2010 is 11.8% ( 11.8 % ) ; the operating margin of 2009 is 11.2% ( 11.2 % ) ; the operating margin of 2008 is 11.9% ( 11.9 % ) ;
Reasoning Steps:
Step: minus2-1(8246, 972) = 7274
Step: divide2-2(#0, 8246) = 88.2%
Program:
subtract(8246, 972), divide(#0, 8246)
Program (Nested):
divide(subtract(8246, 972), 8246)
| finqa4682 |
what is the growth rate in net revenue in 2007 for entergy arkansas , inc.?
Important information:
table_1: the 2006 net revenue of amount ( in millions ) is $ 1074.5 ;
table_2: the net wholesale revenue of amount ( in millions ) is 13.2 ;
table_6: the 2007 net revenue of amount ( in millions ) is $ 1110.6 ;
Reasoning Steps:
Step: minus1-1(1110.6, 1074.5) = 36.1
Step: divide1-2(#0, 1074.5) = 3.4%
Program:
subtract(1110.6, 1074.5), divide(#0, 1074.5)
Program (Nested):
divide(subtract(1110.6, 1074.5), 1074.5)
| 0.0336 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy arkansas , inc . management's financial discussion and analysis gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 114 million in gross wholesale revenue due to an increase in the average price of energy available for resale sales and an increase in sales to affiliated customers ; an increase of $ 106.1 million in production cost allocation rider revenues which became effective in july 2007 as a result of the system agreement proceedings . as a result of the system agreement proceedings , entergy arkansas also has a corresponding increase in deferred fuel expense for payments to other entergy system companies such that there is no effect on net income . entergy arkansas makes payments over a seven-month period but collections from customers occur over a twelve-month period . the production cost allocation rider is discussed in note 2 to the financial statements and the system agreement proceedings are referenced below under "federal regulation" ; and an increase of $ 58.9 million in fuel cost recovery revenues due to changes in the energy cost recovery rider effective april 2008 and september 2008 , partially offset by decreased usage . the energy cost recovery rider filings are discussed in note 2 to the financial statements . the increase was partially offset by a decrease of $ 14.6 million related to volume/weather , as discussed above . fuel and purchased power expenses increased primarily due to an increase of $ 106.1 million in deferred system agreement payments , as discussed above and an increase in the average market price of purchased power . 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
Table
| amount ( in millions )
2006 net revenue | $ 1074.5
net wholesale revenue | 13.2
transmission revenue | 11.8
deferred fuel costs revisions | 8.6
other | 2.5
2007 net revenue | $ 1110.6
the net wholesale revenue variance is primarily due to lower wholesale revenues in the third quarter 2006 due to an october 2006 ferc order requiring entergy arkansas to make a refund to a coal plant co-owner resulting from a contract dispute , in addition to re-pricing revisions , retroactive to 2003 , of $ 5.9 million of purchased power agreements among entergy system companies as directed by the ferc . the transmission revenue variance is primarily due to higher rates and the addition of new transmission customers in late 2006 . the deferred fuel cost revisions variance is primarily due to the 2006 energy cost recovery true-up , made in the first quarter 2007 , which increased net revenue by $ 6.6 million . gross operating revenue and fuel and purchased power expenses gross operating revenues decreased primarily due to a decrease of $ 173.1 million in fuel cost recovery revenues due to a decrease in the energy cost recovery rider effective april 2007 . the energy cost recovery rider is discussed in note 2 to the financial statements . the decrease was partially offset by production cost allocation rider revenues of $ 124.1 million that became effective in july 2007 as a result of the system agreement proceedings . as .
Question:
what is the growth rate in net revenue in 2007 for entergy arkansas , inc.?
Important information:
table_1: the 2006 net revenue of amount ( in millions ) is $ 1074.5 ;
table_2: the net wholesale revenue of amount ( in millions ) is 13.2 ;
table_6: the 2007 net revenue of amount ( in millions ) is $ 1110.6 ;
Reasoning Steps:
Step: minus1-1(1110.6, 1074.5) = 36.1
Step: divide1-2(#0, 1074.5) = 3.4%
Program:
subtract(1110.6, 1074.5), divide(#0, 1074.5)
Program (Nested):
divide(subtract(1110.6, 1074.5), 1074.5)
| finqa4683 |
for the three years of 2010 , 2011 and 2012 what was the net cash impact from the 2002 financing entities?
Important information:
table_1: in millions the revenue ( loss ) ( a ) of 2012 is $ 2014 ; the revenue ( loss ) ( a ) of 2011 is $ 2 ; the revenue ( loss ) ( a ) of 2010 is $ 5 ;
table_3: in millions the cash receipts ( c ) of 2012 is 252 ; the cash receipts ( c ) of 2011 is 192 ; the cash receipts ( c ) of 2010 is 3 ;
table_4: in millions the cash payments ( d ) of 2012 is 159 ; the cash payments ( d ) of 2011 is 244 ; the cash payments ( d ) of 2010 is 8 ;
Reasoning Steps:
Step: add1-1(252, 192) = 444
Step: add1-2(#0, 3) = 447
Step: add1-3(159, 244) = 403
Step: add1-4(#2, 8) = 411
Step: minus1-5(#1, #3) = 36
Program:
add(252, 192), add(#0, 3), add(159, 244), add(#2, 8), subtract(#1, #3)
Program (Nested):
subtract(add(add(252, 192), 3), add(add(159, 244), 8))
| 36.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
determined that it was the primary beneficiary of the 2001 financing entities and thus consolidated the entities effective march 16 , 2011 . effective april 30 , 2011 , international paper liquidated its interest in the 2001 financing entities . activity between the company and the 2002 financ- ing entities was as follows: .
Table
in millions | 2012 | 2011 | 2010
revenue ( loss ) ( a ) | $ 2014 | $ 2 | $ 5
expense ( b ) | 2014 | 3 | 8
cash receipts ( c ) | 252 | 192 | 3
cash payments ( d ) | 159 | 244 | 8
( a ) the revenue is included in equity earnings ( loss ) , net of tax in the accompanying consolidated statement of operations . ( b ) the expense is included in interest expense , net in the accom- panying consolidated statement of operations . ( c ) the cash receipts are equity distributions from the 2002 financ- ing entities to international paper and cash receipts from the maturity of the 2002 monetized notes . ( d ) the cash payments include both interest and principal on the associated debt obligations . on may 31 , 2011 , the third-party equity holder of the 2002 financing entities retired its class a interest in the entities for $ 51 million . as a result of the retire- ment , effective may 31 , 2011 , international paper owned 100% ( 100 % ) of the 2002 financing entities . based on an analysis performed by the company after the retirement , under guidance that considers the poten- tial magnitude of the variability in the structure and which party has controlling financial interest , international paper determined that it was the pri- mary beneficiary of the 2002 financing entities and thus consolidated the entities effective may 31 , 2011 . during the year ended december 31 , 2011 approx- imately $ 191 million of the 2002 monetized notes matured . outstanding debt related to these entities of $ 158 million is included in floating rate notes due 2011 2013 2017 in the summary of long-term debt in note 12 at december 31 , 2011 . as of may 31 , 2012 , this debt had been repaid . during the year ended december 31 , 2012 , $ 252 mil- lion of the 2002 monetized notes matured . as of result of these maturities , accounts and notes receivable decreased $ 252 million and notes payable and current maturities of long-term debt decreased $ 158 million . deferred tax liabilities associated with the 2002 forestland installment sales decreased $ 67 million . effective june 1 , 2012 , international paper liquidated its interest in the 2002 financing entities . the use of the above entities facilitated the mone- tization of the credit enhanced timber and mone- tized notes in a cost effective manner by increasing the borrowing capacity and lowering the interest rate while continuing to preserve the tax deferral that resulted from the forestlands installment sales and the offset accounting treatment described above . in connection with the acquisition of temple-inland in february 2012 , two special purpose entities became wholly-owned subsidiaries of international paper . in october 2007 , temple-inland sold 1.55 million acres of timberlands for $ 2.38 billion . the total con- sideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberlands , which temple-inland contributed to two wholly-owned , bankruptcy-remote special purpose entities . the notes are shown in financial assets of special pur- pose entities in the accompanying consolidated balance sheet and are supported by $ 2.38 billion of irrevocable letters of credit issued by three banks , which are required to maintain minimum credit rat- ings on their long-term debt . in the third quarter of 2012 , international paper completed is preliminary analysis of the acquisition date fair value of the notes and determined it to be $ 2.09 billion . as a result of this analysis , financial assets of special purposed entities decreased by $ 292 million and goodwill increased by the same amount . as of december 31 , 2012 , the fair value of the notes was $ 2.21 billion . in december 2007 , temple-inland 2019s two wholly- owned special purpose entities borrowed $ 2.14 bil- lion shown in nonrecourse financial liabilities of special purpose entities in the accompanying con- solidated balance sheet . the loans are repayable in 2027 and are secured only by the $ 2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to the company . the loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is down- graded below the specified threshold , the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution . in the third quarter of 2012 , international paper completed its preliminary analy- sis of the acquisition date fair value of the borrow- ings and determined it to be $ 2.03 billion . as a result of this analysis , nonrecourse financial liabilities of special purpose entities decreased by $ 110 million and goodwill decreased by the same amount . as of december 31 , 2012 , the fair value of this debt was $ 2.12 billion . the buyer of the temple-inland timberland issued the $ 2.38 billion in notes from its wholly-owned , bankruptcy-remote special purpose entities . the buyer 2019s special purpose entities held the timberlands from the transaction date until november 2008 , at which time the timberlands were transferred out of the buyer 2019s special purpose entities . due to the transfer of the timberlands , temple-inland evaluated the buyer 2019s special purpose entities and determined that they were variable interest entities and that temple-inland was the primary beneficiary . as a result , in 2008 , temple-inland .
Question:
for the three years of 2010 , 2011 and 2012 what was the net cash impact from the 2002 financing entities?
Important information:
table_1: in millions the revenue ( loss ) ( a ) of 2012 is $ 2014 ; the revenue ( loss ) ( a ) of 2011 is $ 2 ; the revenue ( loss ) ( a ) of 2010 is $ 5 ;
table_3: in millions the cash receipts ( c ) of 2012 is 252 ; the cash receipts ( c ) of 2011 is 192 ; the cash receipts ( c ) of 2010 is 3 ;
table_4: in millions the cash payments ( d ) of 2012 is 159 ; the cash payments ( d ) of 2011 is 244 ; the cash payments ( d ) of 2010 is 8 ;
Reasoning Steps:
Step: add1-1(252, 192) = 444
Step: add1-2(#0, 3) = 447
Step: add1-3(159, 244) = 403
Step: add1-4(#2, 8) = 411
Step: minus1-5(#1, #3) = 36
Program:
add(252, 192), add(#0, 3), add(159, 244), add(#2, 8), subtract(#1, #3)
Program (Nested):
subtract(add(add(252, 192), 3), add(add(159, 244), 8))
| finqa4684 |
what was the ratio of the re-measurement gain from 2005 to 2004
Important information:
text_10: ( b ) includes notional amount of $ 175000 that expires in february 2006 .
text_19: the remeasurement gain for the year ended december 31 , 2005 was $ 396000 , and the remeasurement losses for the years ended december 31 , 2004 , and 2003 approximated $ 146000 , and $ 1142000 , respectively .
text_21: a 10% ( 10 % ) increase , or approximately 47 basis points , in current interest rates would have caused an additional pre-tax charge our net loss and an increase in our cash outflows of $ 7.0 million for the year ended december 31 , 2005 .
Reasoning Steps:
Step: divide1-1(396000, 146000) = 2.71
Program:
divide(396000, 146000)
Program (Nested):
divide(396000, 146000)
| 2.71233 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
aggregate notional amounts associated with interest rate caps in place as of december 31 , 2004 and interest rate detail by contractual maturity dates ( in thousands , except percentages ) .
Table
interest rate caps | 2005 | 2006
notional amount ( d ) | $ 350000 | $ 350000
cap rate ( e ) | 6.00% ( 6.00 % ) | 6.00% ( 6.00 % )
( a ) as of december 31 , 2005 , variable rate debt consists of the new american tower and spectrasite credit facilities ( $ 1493.0 million ) that were refinanced on october 27 , 2005 , which are included above based on their october 27 , 2010 maturity dates . as of december 31 , 2005 , fixed rate debt consists of : the 2.25% ( 2.25 % ) convertible notes due 2009 ( 2.25% ( 2.25 % ) notes ) ( $ 0.1 million ) ; the 7.125% ( 7.125 % ) notes ( $ 500.0 million principal amount due at maturity ; the balance as of december 31 , 2005 is $ 501.9 million ) ; the 5.0% ( 5.0 % ) notes ( $ 275.7 million ) ; the 3.25% ( 3.25 % ) notes ( $ 152.9 million ) ; the 7.50% ( 7.50 % ) notes ( $ 225.0 million ) ; the ati 7.25% ( 7.25 % ) notes ( $ 400.0 million ) ; the ati 12.25% ( 12.25 % ) notes ( $ 227.7 million principal amount due at maturity ; the balance as of december 31 , 2005 is $ 160.3 million accreted value , net of the allocated fair value of the related warrants of $ 7.2 million ) ; the 3.00% ( 3.00 % ) notes ( $ 345.0 million principal amount due at maturity ; the balance as of december 31 , 2005 is $ 344.4 million accreted value ) and other debt of $ 60.4 million . interest on our credit facilities is payable in accordance with the applicable london interbank offering rate ( libor ) agreement or quarterly and accrues at our option either at libor plus margin ( as defined ) or the base rate plus margin ( as defined ) . the weighted average interest rate in effect at december 31 , 2005 for our credit facilities was 4.71% ( 4.71 % ) . for the year ended december 31 , 2005 , the weighted average interest rate under our credit facilities was 5.03% ( 5.03 % ) . as of december 31 , 2004 , variable rate debt consists of our previous credit facility ( $ 698.0 million ) and fixed rate debt consists of : the 2.25% ( 2.25 % ) notes ( $ 0.1 million ) ; the 7.125% ( 7.125 % ) notes ( $ 500.0 million principal amount due at maturity ; the balance as of december 31 , 2004 is $ 501.9 million ) ; the 5.0% ( 5.0 % ) notes ( $ 275.7 million ) ; the 3.25% ( 3.25 % ) notes ( $ 210.0 million ) ; the 7.50% ( 7.50 % ) notes ( $ 225.0 million ) ; the ati 7.25% ( 7.25 % ) notes ( $ 400.0 million ) ; the ati 12.25% ( 12.25 % ) notes ( $ 498.3 million principal amount due at maturity ; the balance as of december 31 , 2004 is $ 303.8 million accreted value , net of the allocated fair value of the related warrants of $ 21.6 million ) ; the 9 3 20448% ( 20448 % ) notes ( $ 274.9 million ) ; the 3.00% ( 3.00 % ) notes ( $ 345.0 million principal amount due at maturity ; the balance as of december 31 , 2004 is $ 344.3 million accreted value ) and other debt of $ 60.0 million . interest on the credit facility was payable in accordance with the applicable london interbank offering rate ( libor ) agreement or quarterly and accrues at our option either at libor plus margin ( as defined ) or the base rate plus margin ( as defined ) . the weighted average interest rate in effect at december 31 , 2004 for the credit facility was 4.35% ( 4.35 % ) . for the year ended december 31 , 2004 , the weighted average interest rate under the credit facility was 3.81% ( 3.81 % ) . ( b ) includes notional amount of $ 175000 that expires in february 2006 . ( c ) includes notional amount of $ 25000 that expires in september 2007 . ( d ) includes notional amounts of $ 250000 and $ 100000 that expire in june and july 2006 , respectively . ( e ) represents the weighted-average fixed rate or range of interest based on contractual notional amount as a percentage of total notional amounts in a given year . ( f ) includes notional amounts of $ 75000 , $ 75000 and $ 150000 that expire in december 2009 . ( g ) includes notional amounts of $ 100000 , $ 50000 , $ 50000 , $ 50000 and $ 50000 that expire in october 2010 . ( h ) includes notional amounts of $ 50000 and $ 50000 that expire in october 2010 . ( i ) includes notional amount of $ 50000 that expires in october 2010 . our foreign operations include rental and management segment divisions in mexico and brazil . the remeasurement gain for the year ended december 31 , 2005 was $ 396000 , and the remeasurement losses for the years ended december 31 , 2004 , and 2003 approximated $ 146000 , and $ 1142000 , respectively . changes in interest rates can cause interest charges to fluctuate on our variable rate debt , comprised of $ 1493.0 million under our credit facilities as of december 31 , 2005 . a 10% ( 10 % ) increase , or approximately 47 basis points , in current interest rates would have caused an additional pre-tax charge our net loss and an increase in our cash outflows of $ 7.0 million for the year ended december 31 , 2005 . item 8 . financial statements and supplementary data see item 15 ( a ) . item 9 . changes in and disagreements with accountants on accounting and financial disclosure .
Question:
what was the ratio of the re-measurement gain from 2005 to 2004
Important information:
text_10: ( b ) includes notional amount of $ 175000 that expires in february 2006 .
text_19: the remeasurement gain for the year ended december 31 , 2005 was $ 396000 , and the remeasurement losses for the years ended december 31 , 2004 , and 2003 approximated $ 146000 , and $ 1142000 , respectively .
text_21: a 10% ( 10 % ) increase , or approximately 47 basis points , in current interest rates would have caused an additional pre-tax charge our net loss and an increase in our cash outflows of $ 7.0 million for the year ended december 31 , 2005 .
Reasoning Steps:
Step: divide1-1(396000, 146000) = 2.71
Program:
divide(396000, 146000)
Program (Nested):
divide(396000, 146000)
| finqa4685 |
what percentage of the fourth quarter share repurchases were in the last moth of the year in 2008?
Important information:
table_1: period the october 2008 of sharespurchased ( a ) is 25394 ; the october 2008 of averagepricepaid pershare is $ - ; the october 2008 of sharespurchasedas part ofpubliclyannouncedplans orprograms is - ; the october 2008 of maximumshares thatmay bepurchasedunder theplans orprograms is 19201518 ;
table_3: period the december 2008 of sharespurchased ( a ) is 40 ; the december 2008 of averagepricepaid pershare is - ; the december 2008 of sharespurchasedas part ofpubliclyannouncedplans orprograms is - ; the december 2008 of maximumshares thatmay bepurchasedunder theplans orprograms is 19201518 ;
table_4: period the total of sharespurchased ( a ) is 32960 ; the total of averagepricepaid pershare is $ - ; the total of sharespurchasedas part ofpubliclyannouncedplans orprograms is - ; the total of maximumshares thatmay bepurchasedunder theplans orprograms is 19201518 ;
Reasoning Steps:
Step: divide2-1(40, 32960) = 0.1%
Program:
divide(40, 32960)
Program (Nested):
divide(40, 32960)
| 0.00121 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
annual report on form 10-k 108 fifth third bancorp part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the information required by this item is included in the corporate information found on the inside of the back cover and in the discussion of dividend limitations that the subsidiaries can pay to the bancorp discussed in note 26 of the notes to the consolidated financial statements . additionally , as of december 31 , 2008 , the bancorp had approximately 60025 shareholders of record . issuer purchases of equity securities period shares purchased average paid per shares purchased as part of publicly announced plans or programs maximum shares that may be purchased under the plans or programs .
Table
period | sharespurchased ( a ) | averagepricepaid pershare | sharespurchasedas part ofpubliclyannouncedplans orprograms | maximumshares thatmay bepurchasedunder theplans orprograms
october 2008 | 25394 | $ - | - | 19201518
november 2008 | 7526 | - | - | 19201518
december 2008 | 40 | - | - | 19201518
total | 32960 | $ - | - | 19201518
( a ) the bancorp repurchased 25394 , 7526 and 40 shares during october , november and december of 2008 in connection with various employee compensation plans of the bancorp . these purchases are not included against the maximum number of shares that may yet be purchased under the board of directors authorization. .
Question:
what percentage of the fourth quarter share repurchases were in the last moth of the year in 2008?
Important information:
table_1: period the october 2008 of sharespurchased ( a ) is 25394 ; the october 2008 of averagepricepaid pershare is $ - ; the october 2008 of sharespurchasedas part ofpubliclyannouncedplans orprograms is - ; the october 2008 of maximumshares thatmay bepurchasedunder theplans orprograms is 19201518 ;
table_3: period the december 2008 of sharespurchased ( a ) is 40 ; the december 2008 of averagepricepaid pershare is - ; the december 2008 of sharespurchasedas part ofpubliclyannouncedplans orprograms is - ; the december 2008 of maximumshares thatmay bepurchasedunder theplans orprograms is 19201518 ;
table_4: period the total of sharespurchased ( a ) is 32960 ; the total of averagepricepaid pershare is $ - ; the total of sharespurchasedas part ofpubliclyannouncedplans orprograms is - ; the total of maximumshares thatmay bepurchasedunder theplans orprograms is 19201518 ;
Reasoning Steps:
Step: divide2-1(40, 32960) = 0.1%
Program:
divide(40, 32960)
Program (Nested):
divide(40, 32960)
| finqa4686 |
what portion of the final purchase price of biolucent is dedicated to goodwill?
Important information:
text_11: the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses .
table_5: net tangible assets acquired as of september 18 2007 the goodwill of $ 2800 is 47800 ;
table_6: net tangible assets acquired as of september 18 2007 the final purchase price of $ 2800 is $ 73200 ;
Reasoning Steps:
Step: divide1-1(47800, 73200) = 65.3%
Program:
divide(47800, 73200)
Program (Nested):
divide(47800, 73200)
| 0.65301 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) fiscal 2007 acquisition : acquisition of biolucent , inc . on september 18 , 2007 the company completed the acquisition of biolucent , inc . ( 201cbiolucent 201d ) pursuant to a definitive agreement dated june 20 , 2007 . the results of operations for biolucent have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment . the company has concluded that the acquisition of biolucent does not represent a material business combination and therefore no pro forma financial information has been provided herein . biolucent , previously located in aliso viejo , california , develops , markets and sells mammopad breast cushions to decrease the discomfort associated with mammography . prior to the acquisition , biolucent 2019s primary research and development efforts were directed at its brachytherapy business which was focused on breast cancer therapy . prior to the acquisition , biolucent spun-off its brachytherapy technology and business to the holders of biolucent 2019s outstanding shares of capital stock . as a result , the company only acquired biolucent 2019s mammopad cushion business and related assets . the company invested $ 1000 directly in the spun-off brachytherapy business in exchange for shares of preferred stock issued by the new business . the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses . the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no . 99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination . the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets . the company has considered the provision of eitf issue no . 95-8 , accounting for contingent consideration paid to the shareholders of an acquired enterprise in a purchase business combination , and concluded that this contingent consideration will represent additional purchase price . as a result , goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable . as of september 27 , 2008 , the company has not recorded any amounts for these potential earn-outs . the allocation of the purchase price is based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 . the components and allocation of the purchase price consists of the following approximate amounts: .
Table
net tangible assets acquired as of september 18 2007 | $ 2800
developed technology and know how | 12300
customer relationship | 17000
trade name | 2800
deferred income tax liabilities net | -9500 ( 9500 )
goodwill | 47800
final purchase price | $ 73200
as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name and developed technology and know-how had separately identifiable values . the fair value of these intangible assets was determined through the application of the income approach . customer relationship represents a large customer base that is expected to purchase the disposable mammopad product on a regular basis . trade name represents the .
Question:
what portion of the final purchase price of biolucent is dedicated to goodwill?
Important information:
text_11: the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses .
table_5: net tangible assets acquired as of september 18 2007 the goodwill of $ 2800 is 47800 ;
table_6: net tangible assets acquired as of september 18 2007 the final purchase price of $ 2800 is $ 73200 ;
Reasoning Steps:
Step: divide1-1(47800, 73200) = 65.3%
Program:
divide(47800, 73200)
Program (Nested):
divide(47800, 73200)
| finqa4687 |
what percentage of total capital expenditures were related to general structure and equipment in 2018?
Important information:
text_0: the following table provides a summary of our historical capital expenditures related to the upgrading of our infrastructure and systems: .
table_4: ( in millions ) the general structure and equipment of for the years ended december 31 , 2018 is 371 ; the general structure and equipment of for the years ended december 31 , 2017 is 281 ; the general structure and equipment of for the years ended december 31 , 2016 is 202 ;
table_7: ( in millions ) the total capital expenditures of for the years ended december 31 , 2018 is $ 1586 ; the total capital expenditures of for the years ended december 31 , 2017 is $ 1434 ; the total capital expenditures of for the years ended december 31 , 2016 is $ 1311 ;
Reasoning Steps:
Step: divide2-1(371, 1586) = 23.4%
Program:
divide(371, 1586)
Program (Nested):
divide(371, 1586)
| 0.23392 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following table provides a summary of our historical capital expenditures related to the upgrading of our infrastructure and systems: .
Table
( in millions ) | for the years ended december 31 , 2018 | for the years ended december 31 , 2017 | for the years ended december 31 , 2016
transmission and distribution | $ 572 | $ 551 | $ 568
treatment and pumping | 231 | 171 | 151
services meter and fire hydrants | 303 | 281 | 297
general structure and equipment | 371 | 281 | 202
sources of supply | 26 | 54 | 59
wastewater | 83 | 96 | 34
total capital expenditures | $ 1586 | $ 1434 | $ 1311
in 2018 , our capital expenditures increased $ 152 million , or 10.6% ( 10.6 % ) , primarily due to investment across the majority of our infrastructure categories . in 2017 , our capital expenditures increased $ 123 million , or 9.4% ( 9.4 % ) , primarily due to investment in our general structure and equipment and wastewater categories . we also grow our business primarily through acquisitions of water and wastewater systems , as well as other water-related services . these acquisitions are complementary to our existing business and support continued geographical diversification and growth of our operations . generally , acquisitions are funded initially with short- term debt , and later refinanced with the proceeds from long-term debt . the following is a summary of the acquisitions and dispositions affecting our cash flows from investing activities : 2022 the majority of cash paid for acquisitions pertained to the $ 365 million purchase of pivotal within our homeowner services group . 2022 paid $ 33 million for 15 water and wastewater systems , representing approximately 14000 customers . 2022 received $ 35 million for the sale of assets , including $ 27 million for the sale of the majority of the o&m contracts in our contract services group during the third quarter of 2018 . 2022 the majority of cash paid for acquisitions pertained to the $ 159 million purchase of the wastewater collection and treatment system assets of the municipal authority of the city of mckeesport , pennsylvania ( the 201cmckeesport system 201d ) , excluding a $ 5 million non-escrowed deposit made in 2016 . 2022 paid $ 18 million for 16 water and wastewater systems , excluding the mckeesport system and shorelands ( a stock-for-stock transaction ) , representing approximately 7000 customers . 2022 received $ 15 million for the sale of assets . 2022 paid $ 199 million for 15 water and wastewater systems , representing approximately 42000 customers . 2022 made a non-escrowed deposit of $ 5 million related to the mckeesport system acquisition . 2022 received $ 9 million for the sale of assets . as previously noted , we expect to invest between $ 8.0 billion to $ 8.6 billion from 2019 to 2023 , with $ 7.3 billion of this range for infrastructure improvements in our regulated businesses . in 2019 , we expect to .
Question:
what percentage of total capital expenditures were related to general structure and equipment in 2018?
Important information:
text_0: the following table provides a summary of our historical capital expenditures related to the upgrading of our infrastructure and systems: .
table_4: ( in millions ) the general structure and equipment of for the years ended december 31 , 2018 is 371 ; the general structure and equipment of for the years ended december 31 , 2017 is 281 ; the general structure and equipment of for the years ended december 31 , 2016 is 202 ;
table_7: ( in millions ) the total capital expenditures of for the years ended december 31 , 2018 is $ 1586 ; the total capital expenditures of for the years ended december 31 , 2017 is $ 1434 ; the total capital expenditures of for the years ended december 31 , 2016 is $ 1311 ;
Reasoning Steps:
Step: divide2-1(371, 1586) = 23.4%
Program:
divide(371, 1586)
Program (Nested):
divide(371, 1586)
| finqa4688 |
what was the ratio of the debt issue in 2004 to the debt payment in 2005
Important information:
table_1: cash flowsmillions of dollars the cash provided by operating activities of 2006 is $ 2880 ; the cash provided by operating activities of 2005 is $ 2595 ; the cash provided by operating activities of 2004 is $ 2257 ;
table_4: cash flowsmillions of dollars the net change in cash and cash equivalents of 2006 is $ 54 ; the net change in cash and cash equivalents of 2005 is $ -204 ( 204 ) ; the net change in cash and cash equivalents of 2004 is $ 450 ;
text_21: we did not issue debt in 2005 versus $ 745 million of debt issuances in 2004 , and we repaid $ 699 million of debt in 2005 compared to $ 588 million in 2004 .
Reasoning Steps:
Step: divide2-1(745, 699) = 1.1
Program:
divide(745, 699)
Program (Nested):
divide(745, 699)
| 1.06581 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
liquidity and capital resources as of december 31 , 2006 , our principal sources of liquidity included cash , cash equivalents , the sale of receivables , and our revolving credit facilities , as well as the availability of commercial paper and other sources of financing through the capital markets . we had $ 2 billion of committed credit facilities available , of which there were no borrowings outstanding as of december 31 , 2006 , and we did not make any short-term borrowings under these facilities during the year . the value of the outstanding undivided interest held by investors under the sale of receivables program was $ 600 million as of december 31 , 2006 . the sale of receivables program is subject to certain requirements , including the maintenance of an investment grade bond rating . if our bond rating were to deteriorate , it could have an adverse impact on our liquidity . access to commercial paper is dependent on market conditions . deterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to utilize commercial paper as a source of liquidity . liquidity through the capital markets is also dependent on our financial stability . at both december 31 , 2006 and 2005 , we had a working capital deficit of approximately $ 1.1 billion . a working capital deficit is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources to meet our daily cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . financial condition cash flows millions of dollars 2006 2005 2004 .
Table
cash flowsmillions of dollars | 2006 | 2005 | 2004
cash provided by operating activities | $ 2880 | $ 2595 | $ 2257
cash used in investing activities | -2042 ( 2042 ) | -2047 ( 2047 ) | -1732 ( 1732 )
cash used in financing activities | -784 ( 784 ) | -752 ( 752 ) | -75 ( 75 )
net change in cash and cash equivalents | $ 54 | $ -204 ( 204 ) | $ 450
cash provided by operating activities 2013 higher income in 2006 generated the increased cash provided by operating activities , which was partially offset by higher income tax payments , $ 150 million in voluntary pension contributions , higher material and supply inventories , and higher management incentive payments in 2006 . higher income , lower management incentive payments in 2005 ( executive bonuses , which would have been paid to individuals in 2005 , were not awarded based on company performance in 2004 and bonuses for the professional workforce that were paid out in 2005 were significantly reduced ) , and working capital performance generated higher cash from operating activities in 2005 . a voluntary pension contribution of $ 100 million in 2004 also augmented the positive year-over-year variance in 2005 as no pension contribution was made in 2005 . this improvement was partially offset by cash received in 2004 for income tax refunds . cash used in investing activities 2013 an insurance settlement for the 2005 january west coast storm and lower balances for work in process decreased the amount of cash used in investing activities in 2006 . higher capital investments and lower proceeds from asset sales partially offset this decrease . increased capital spending , partially offset by higher proceeds from asset sales , increased the amount of cash used in investing activities in 2005 compared to 2004 . cash used in financing activities 2013 the increase in cash used in financing activities primarily resulted from lower net proceeds from equity compensation plans ( $ 189 million in 2006 compared to $ 262 million in 2005 ) . the increase in 2005 results from debt issuances in 2004 and higher debt repayments in 2005 . we did not issue debt in 2005 versus $ 745 million of debt issuances in 2004 , and we repaid $ 699 million of debt in 2005 compared to $ 588 million in 2004 . the higher outflows in 2005 were partially offset by higher net proceeds from equity compensation plans ( $ 262 million in 2005 compared to $ 80 million in 2004 ) . .
Question:
what was the ratio of the debt issue in 2004 to the debt payment in 2005
Important information:
table_1: cash flowsmillions of dollars the cash provided by operating activities of 2006 is $ 2880 ; the cash provided by operating activities of 2005 is $ 2595 ; the cash provided by operating activities of 2004 is $ 2257 ;
table_4: cash flowsmillions of dollars the net change in cash and cash equivalents of 2006 is $ 54 ; the net change in cash and cash equivalents of 2005 is $ -204 ( 204 ) ; the net change in cash and cash equivalents of 2004 is $ 450 ;
text_21: we did not issue debt in 2005 versus $ 745 million of debt issuances in 2004 , and we repaid $ 699 million of debt in 2005 compared to $ 588 million in 2004 .
Reasoning Steps:
Step: divide2-1(745, 699) = 1.1
Program:
divide(745, 699)
Program (Nested):
divide(745, 699)
| finqa4689 |
what was the percentage change in total expense for all operating leases between 2003 and 2004?
Important information:
text_3: total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively .
table_7: the total obligations and commitments of operating leases is $ 49.8 ; the total obligations and commitments of aggregate debt maturities is $ 267.1 ;
text_14: total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively .
Reasoning Steps:
Step: minus2-1(14.0, 12.3) = 1.7
Step: divide2-2(#0, 12.3) = 14%
Program:
subtract(14.0, 12.3), divide(#0, 12.3)
Program (Nested):
divide(subtract(14.0, 12.3), 12.3)
| 0.13821 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .
Table
| operating leases | aggregate debt maturities
2005 | $ 13.1 | $ 2014
2006 | 11.5 | 2014
2007 | 8.9 | 2014
2008 | 8.0 | 2014
2009 | 7.2 | 2014
thereafter | 1.1 | 267.1
total obligations and commitments | $ 49.8 | $ 267.1
edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .
Question:
what was the percentage change in total expense for all operating leases between 2003 and 2004?
Important information:
text_3: total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively .
table_7: the total obligations and commitments of operating leases is $ 49.8 ; the total obligations and commitments of aggregate debt maturities is $ 267.1 ;
text_14: total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively .
Reasoning Steps:
Step: minus2-1(14.0, 12.3) = 1.7
Step: divide2-2(#0, 12.3) = 14%
Program:
subtract(14.0, 12.3), divide(#0, 12.3)
Program (Nested):
divide(subtract(14.0, 12.3), 12.3)
| finqa4690 |
if 2012 total revenue increases at the same pace as arc in the chemicals , industrial products , and automotive businesses , what would 2013 revenue be in millions?
Important information:
table_3: millions the total of 2012 is $ 20926 ; the total of 2011 is $ 19557 ; the total of 2010 is $ 16965 ; the total of % ( % ) change 2012 v 2011 is 7% ( 7 % ) ; the total of % ( % ) change 2011 v 2010 is 15% ( 15 % ) ;
text_18: arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .
text_22: arc increased 12% ( 12 % ) , driven by higher fuel cost recoveries and core pricing gains .
Reasoning Steps:
Step: add2-1(20926, 12%) = 23437
Program:
add(20926, 12%)
Program (Nested):
add(20926, 12%)
| 20926.12 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
f0b7 positive train control 2013 in response to a legislative mandate to implement ptc , we expect to spend approximately $ 450 million during 2013 on developing and deploying ptc . we currently estimate that ptc , in accordance with implementing rules issued by the federal rail administration ( fra ) , will cost us approximately $ 2 billion by the end of the project . this includes costs for installing the new system along our tracks , upgrading locomotives to work with the new system , and adding digital data communication equipment to integrate the components of the system . f0b7 financial expectations 2013 we are cautious about the economic environment but if industrial production grows approximately 2% ( 2 % ) as projected , volume should exceed 2012 levels . even with no volume growth , we expect earnings to exceed 2012 earnings , generated by real core pricing gains , on-going network improvements and operational productivity initiatives . we also expect that a new bonus depreciation program under federal tax laws will positively impact cash flows in 2013 . results of operations operating revenues millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 .
Table
millions | 2012 | 2011 | 2010 | % ( % ) change 2012 v 2011 | % ( % ) change 2011 v 2010
freight revenues | $ 19686 | $ 18508 | $ 16069 | 6% ( 6 % ) | 15% ( 15 % )
other revenues | 1240 | 1049 | 896 | 18 | 17
total | $ 20926 | $ 19557 | $ 16965 | 7% ( 7 % ) | 15% ( 15 % )
we generate freight revenues by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments . we recognize freight revenues as shipments move from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues from four of our six commodity groups increased during 2012 compared to 2011 . revenues from coal and agricultural products declined during the year . our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products . arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries . improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges . freight revenues for all six commodity groups increased during 2011 compared to 2010 , while volume increased in all commodity groups except intermodal . increased demand in many market sectors , with particularly strong growth in chemicals , industrial products , and automotive shipments for the year , generated the increases . arc increased 12% ( 12 % ) , driven by higher fuel cost recoveries and core pricing gains . fuel cost recoveries include fuel surcharge revenue and the impact of resetting the base fuel price for certain traffic . higher fuel prices , volume growth , and new fuel surcharge provisions in renegotiated contracts all combined to increase revenues from fuel surcharges . our fuel surcharge programs ( excluding index-based contract escalators that contain some provision for fuel ) generated freight revenues of $ 2.6 billion , $ 2.2 billion , and $ 1.2 billion in 2012 , 2011 , and 2010 , respectively . ongoing rising fuel prices and increased fuel surcharge coverage drove the increases . additionally , fuel surcharge revenue is not entirely comparable to prior periods as we continue to convert portions of our non-regulated traffic to mileage-based fuel surcharge programs. .
Question:
if 2012 total revenue increases at the same pace as arc in the chemicals , industrial products , and automotive businesses , what would 2013 revenue be in millions?
Important information:
table_3: millions the total of 2012 is $ 20926 ; the total of 2011 is $ 19557 ; the total of 2010 is $ 16965 ; the total of % ( % ) change 2012 v 2011 is 7% ( 7 % ) ; the total of % ( % ) change 2011 v 2010 is 15% ( 15 % ) ;
text_18: arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .
text_22: arc increased 12% ( 12 % ) , driven by higher fuel cost recoveries and core pricing gains .
Reasoning Steps:
Step: add2-1(20926, 12%) = 23437
Program:
add(20926, 12%)
Program (Nested):
add(20926, 12%)
| finqa4691 |
what was the change in the long-term investments from 2014 to 2015 in millions
Important information:
text_10: long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 .
text_19: amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 .
text_20: these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively .
Reasoning Steps:
Step: minus1-1(135, 143) = -8
Program:
subtract(135, 143)
Program (Nested):
subtract(135, 143)
| -8.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements 1 . basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s . generally accepted accounting principles ( "u.s . gaap" ) . the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( "aon" or the "company" ) . all intercompany accounts and transactions have been eliminated . the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented . reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation . in prior periods , long-term investments were included in investments in the consolidated statement of financial position . these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements . long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 . in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position . these amounts are now separately disclosed in the consolidated statement of financial position . prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 . upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee . the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows . the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities . the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase . it also aligns the company 2019s presentation to be consistent with industry practice . amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 . these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively . changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities . the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. .
Table
years ended december 31, | 2014 | 2013
purchases of shares from noncontrolling interests | 3 | -8 ( 8 )
dividends paid to noncontrolling interests | -24 ( 24 ) | -19 ( 19 )
proceeds from sale-leaseback | 25 | 2014
use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s . gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses . these estimates and assumptions are based on management's best estimates and judgments . management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment . management believes its estimates to be reasonable given the current facts available . aon adjusts such estimates and assumptions when facts and circumstances dictate . illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions . as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates . changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. .
Question:
what was the change in the long-term investments from 2014 to 2015 in millions
Important information:
text_10: long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 .
text_19: amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 .
text_20: these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively .
Reasoning Steps:
Step: minus1-1(135, 143) = -8
Program:
subtract(135, 143)
Program (Nested):
subtract(135, 143)
| finqa4692 |
what is the growth rate in consolidated revenues from 2016 to 2017?
Important information:
table_1: the ifs of 2017 is $ 4630 ; the ifs of 2016 is $ 4525 ; the ifs of 2015 is $ 3809 ;
table_3: the corporate and other of 2017 is 355 ; the corporate and other of 2016 is 466 ; the corporate and other of 2015 is 426 ;
table_4: the total consolidated revenues of 2017 is $ 9123 ; the total consolidated revenues of 2016 is $ 9241 ; the total consolidated revenues of 2015 is $ 6596 ;
Reasoning Steps:
Step: minus2-1(9123, 9241) = -118
Step: divide2-2(#0, 9241) = -1.3%
Program:
subtract(9123, 9241), divide(#0, 9241)
Program (Nested):
divide(subtract(9123, 9241), 9241)
| -0.01277 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2022 expand client relationships - the overall market we serve continues to gravitate beyond single-application purchases to multi-solution partnerships . as the market dynamics shift , we expect our clients and prospects to rely more on our multidimensional service offerings . our leveraged solutions and processing expertise can produce meaningful value and cost savings for our clients through more efficient operating processes , improved service quality and convenience for our clients' customers . 2022 build global diversification - we continue to deploy resources in global markets where we expect to achieve meaningful scale . revenues by segment the table below summarizes our revenues by reporting segment ( in millions ) : .
Table
| 2017 | 2016 | 2015
ifs | $ 4630 | $ 4525 | $ 3809
gfs | 4138 | 4250 | 2361
corporate and other | 355 | 466 | 426
total consolidated revenues | $ 9123 | $ 9241 | $ 6596
integrated financial solutions ( "ifs" ) the ifs segment is focused primarily on serving north american regional and community bank and savings institutions for transaction and account processing , payment solutions , channel solutions , digital channels , fraud , risk management and compliance solutions , lending and wealth and retirement solutions , and corporate liquidity , capitalizing on the continuing trend to outsource these solutions . clients in this segment include regional and community banks , credit unions and commercial lenders , as well as government institutions , merchants and other commercial organizations . these markets are primarily served through integrated solutions and characterized by multi-year processing contracts that generate highly recurring revenues . the predictable nature of cash flows generated from this segment provides opportunities for further investments in innovation , integration , information and security , and compliance in a cost-effective manner . our solutions in this segment include : 2022 core processing and ancillary applications . our core processing software applications are designed to run banking processes for our financial institution clients , including deposit and lending systems , customer management , and other central management systems , serving as the system of record for processed activity . our diverse selection of market- focused core systems enables fis to compete effectively in a wide range of markets . we also offer a number of services that are ancillary to the primary applications listed above , including branch automation , back-office support systems and compliance support . 2022 digital solutions , including internet , mobile and ebanking . our comprehensive suite of retail delivery applications enables financial institutions to integrate and streamline customer-facing operations and back-office processes , thereby improving customer interaction across all channels ( e.g. , branch offices , internet , atm , mobile , call centers ) . fis' focus on consumer access has driven significant market innovation in this area , with multi-channel and multi-host solutions and a strategy that provides tight integration of services and a seamless customer experience . fis is a leader in mobile banking solutions and electronic banking enabling clients to manage banking and payments through the internet , mobile devices , accounting software and telephone . our corporate electronic banking solutions provide commercial treasury capabilities including cash management services and multi-bank collection and disbursement services that address the specialized needs of corporate clients . fis systems provide full accounting and reconciliation for such transactions , serving also as the system of record. .
Question:
what is the growth rate in consolidated revenues from 2016 to 2017?
Important information:
table_1: the ifs of 2017 is $ 4630 ; the ifs of 2016 is $ 4525 ; the ifs of 2015 is $ 3809 ;
table_3: the corporate and other of 2017 is 355 ; the corporate and other of 2016 is 466 ; the corporate and other of 2015 is 426 ;
table_4: the total consolidated revenues of 2017 is $ 9123 ; the total consolidated revenues of 2016 is $ 9241 ; the total consolidated revenues of 2015 is $ 6596 ;
Reasoning Steps:
Step: minus2-1(9123, 9241) = -118
Step: divide2-2(#0, 9241) = -1.3%
Program:
subtract(9123, 9241), divide(#0, 9241)
Program (Nested):
divide(subtract(9123, 9241), 9241)
| finqa4693 |
what was the percentage change in the company 2019s gross unrecognized tax benefits from 2011 to 2012
Important information:
text_18: 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 .
table_1: the balance at september 30 2011 of unrecognized tax benefits is $ 32136 ;
table_6: the balance at september 28 2012 of unrecognized tax benefits is $ 52380 ;
Reasoning Steps:
Step: minus2-1(52.4, 32.1) = 20.3
Step: minus2-2(#0, 32.1) = 63.2%
Program:
subtract(52.4, 32.1), subtract(#0, 32.1)
Program (Nested):
subtract(subtract(52.4, 32.1), 32.1)
| -11.8 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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
| 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
page 114 annual report .
Question:
what was the percentage change in the company 2019s gross unrecognized tax benefits from 2011 to 2012
Important information:
text_18: 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 .
table_1: the balance at september 30 2011 of unrecognized tax benefits is $ 32136 ;
table_6: the balance at september 28 2012 of unrecognized tax benefits is $ 52380 ;
Reasoning Steps:
Step: minus2-1(52.4, 32.1) = 20.3
Step: minus2-2(#0, 32.1) = 63.2%
Program:
subtract(52.4, 32.1), subtract(#0, 32.1)
Program (Nested):
subtract(subtract(52.4, 32.1), 32.1)
| finqa4694 |
what is the average price per share for the repurchased shares during 2005?
Important information:
text_0: during fiscal 2006 , we repurchased 19 million shares of common stock for an aggregate purchase price of $ 892 million , of which $ 7 million settled after the end of our fiscal year .
text_1: in fiscal 2005 , we repurchased 17 million shares of common stock for an aggregate purchase price of $ 771 million .
text_9: on october 28 , 2005 , we repurchased a significant portion of our zero coupon convertible debentures pursuant to put rights of the holders for an aggregate purchase price of $ 1.33 billion , including $ 77 million of accreted original issue discount .
Key Information: during fiscal 2006 , we repurchased 19 million shares of common stock for an aggregate purchase price of $ 892 million , of which $ 7 million settled after the end of our fiscal year .
Reasoning Steps:
Step: divide2-1(771, 17) = 45.35
Program:
divide(771, 17)
Program (Nested):
divide(771, 17)
| 45.35294 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
during fiscal 2006 , we repurchased 19 million shares of common stock for an aggregate purchase price of $ 892 million , of which $ 7 million settled after the end of our fiscal year . in fiscal 2005 , we repurchased 17 million shares of common stock for an aggregate purchase price of $ 771 million . a total of 146 million shares were held in treasury at may 28 , 2006 . we also used cash from operations to repay $ 189 million in outstanding debt in fiscal 2006 . in fiscal 2005 , we repaid nearly $ 2.2 billion of debt , including the purchase of $ 760 million principal amount of our 6 percent notes due in 2012 . fiscal 2005 debt repurchase costs were $ 137 million , consisting of $ 73 million of noncash interest rate swap losses reclassified from accumulated other comprehen- sive income , $ 59 million of purchase premium and $ 5 million of noncash unamortized cost of issuance expense . capital structure in millions may 28 , may 29 .
Table
in millions | may 282006 | may 292005
notes payable | $ 1503 | $ 299
current portion of long-term debt | 2131 | 1638
long-term debt | 2415 | 4255
total debt | 6049 | 6192
minority interests | 1136 | 1133
stockholders 2019 equity | 5772 | 5676
total capital | $ 12957 | $ 13001
we have $ 2.1 billion of long-term debt maturing in the next 12 months and classified as current , including $ 131 million that may mature in fiscal 2007 based on the put rights of those note holders . we believe that cash flows from operations , together with available short- and long- term debt financing , will be adequate to meet our liquidity and capital needs for at least the next 12 months . on october 28 , 2005 , we repurchased a significant portion of our zero coupon convertible debentures pursuant to put rights of the holders for an aggregate purchase price of $ 1.33 billion , including $ 77 million of accreted original issue discount . these debentures had an aggregate prin- cipal amount at maturity of $ 1.86 billion . we incurred no gain or loss from this repurchase . as of may 28 , 2006 , there were $ 371 million in aggregate principal amount at matu- rity of the debentures outstanding , or $ 268 million of accreted value . we used proceeds from the issuance of commercial paper to fund the purchase price of the deben- tures . we also have reclassified the remaining zero coupon convertible debentures to long-term debt based on the october 2008 put rights of the holders . on march 23 , 2005 , we commenced a cash tender offer for our outstanding 6 percent notes due in 2012 . the tender offer resulted in the purchase of $ 500 million principal amount of the notes . subsequent to the expiration of the tender offer , we purchased an additional $ 260 million prin- cipal amount of the notes in the open market . the aggregate purchases resulted in the debt repurchase costs as discussed above . our minority interests consist of interests in certain of our subsidiaries that are held by third parties . general mills cereals , llc ( gmc ) , our subsidiary , holds the manufac- turing assets and intellectual property associated with the production and retail sale of big g ready-to-eat cereals , progresso soups and old el paso products . in may 2002 , one of our wholly owned subsidiaries sold 150000 class a preferred membership interests in gmc to an unrelated third-party investor in exchange for $ 150 million , and in october 2004 , another of our wholly owned subsidiaries sold 835000 series b-1 preferred membership interests in gmc in exchange for $ 835 million . all interests in gmc , other than the 150000 class a interests and 835000 series b-1 interests , but including all managing member inter- ests , are held by our wholly owned subsidiaries . in fiscal 2003 , general mills capital , inc . ( gm capital ) , a subsidiary formed for the purpose of purchasing and collecting our receivables , sold $ 150 million of its series a preferred stock to an unrelated third-party investor . the class a interests of gmc receive quarterly preferred distributions at a floating rate equal to ( i ) the sum of three- month libor plus 90 basis points , divided by ( ii ) 0.965 . this rate will be adjusted by agreement between the third- party investor holding the class a interests and gmc every five years , beginning in june 2007 . under certain circum- stances , gmc also may be required to be dissolved and liquidated , including , without limitation , the bankruptcy of gmc or its subsidiaries , failure to deliver the preferred distributions , failure to comply with portfolio requirements , breaches of certain covenants , lowering of our senior debt rating below either baa3 by moody 2019s or bbb by standard & poor 2019s , and a failed attempt to remarket the class a inter- ests as a result of a breach of gmc 2019s obligations to assist in such remarketing . in the event of a liquidation of gmc , each member of gmc would receive the amount of its then current capital account balance . the managing member may avoid liquidation in most circumstances by exercising an option to purchase the class a interests . the series b-1 interests of gmc are entitled to receive quarterly preferred distributions at a fixed rate of 4.5 percent per year , which is scheduled to be reset to a new fixed rate through a remarketing in october 2007 . beginning in october 2007 , the managing member of gmc may elect to repurchase the series b-1 interests for an amount equal to the holder 2019s then current capital account balance plus any applicable make-whole amount . gmc is not required to purchase the series b-1 interests nor may these investors put these interests to us . the series b-1 interests will be exchanged for shares of our perpetual preferred stock upon the occurrence of any of the following events : our senior unsecured debt rating falling below either ba3 as rated by moody 2019s or bb- as rated by standard & poor 2019s or fitch , inc. .
Question:
what is the average price per share for the repurchased shares during 2005?
Important information:
text_0: during fiscal 2006 , we repurchased 19 million shares of common stock for an aggregate purchase price of $ 892 million , of which $ 7 million settled after the end of our fiscal year .
text_1: in fiscal 2005 , we repurchased 17 million shares of common stock for an aggregate purchase price of $ 771 million .
text_9: on october 28 , 2005 , we repurchased a significant portion of our zero coupon convertible debentures pursuant to put rights of the holders for an aggregate purchase price of $ 1.33 billion , including $ 77 million of accreted original issue discount .
Key Information: during fiscal 2006 , we repurchased 19 million shares of common stock for an aggregate purchase price of $ 892 million , of which $ 7 million settled after the end of our fiscal year .
Reasoning Steps:
Step: divide2-1(771, 17) = 45.35
Program:
divide(771, 17)
Program (Nested):
divide(771, 17)
| finqa4695 |
what was the change in millions of total other income and expense from 2001 to 2002?
Important information:
table_3: the interest income of 2002 is $ 118 ; the interest income of 2001 is $ 218 ; the interest income of 2000 is $ 210 ;
table_5: the miscellaneous other income and expense of 2002 is 5 ; the miscellaneous other income and expense of 2001 is 15 ; the miscellaneous other income and expense of 2000 is 14 ;
table_7: the total other income and expense of 2002 is $ 70 ; the total other income and expense of 2001 is $ 292 ; the total other income and expense of 2000 is $ 570 ;
Reasoning Steps:
Step: minus2-1(70, 292) = -222
Program:
subtract(70, 292)
Program (Nested):
subtract(70, 292)
| -222.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
other income and expense for the three fiscal years ended september 28 , 2002 are as follows ( in millions ) : gains and losses on non-current investments investments categorized as non-current debt and equity investments on the consolidated balance sheet are in equity and debt instruments of public companies . the company's non-current debt and equity investments , and certain investments in private companies carried in other assets , have been categorized as available-for-sale requiring that they be carried at fair value with unrealized gains and losses , net of taxes , reported in equity as a component of accumulated other comprehensive income . however , the company recognizes an impairment charge to earnings in the event a decline in fair value below the cost basis of one of these investments is determined to be other-than-temporary . the company includes recognized gains and losses resulting from the sale or from other-than-temporary declines in fair value associated with these investments in other income and expense . further information related to the company's non-current debt and equity investments may be found in part ii , item 8 of this form 10-k at note 2 of notes to consolidated financial statements . during 2002 , the company determined that declines in the fair value of certain of these investments were other-than-temporary . as a result , the company recognized a $ 44 million charge to earnings to write-down the basis of its investment in earthlink , inc . ( earthlink ) , a $ 6 million charge to earnings to write-down the basis of its investment in akamai technologies , inc . ( akamai ) , and a $ 15 million charge to earnings to write-down the basis of its investment in a private company investment . these losses in 2002 were partially offset by the sale of 117000 shares of earthlink stock for net proceeds of $ 2 million and a gain before taxes of $ 223000 , the sale of 250000 shares of akamai stock for net proceeds of $ 2 million and a gain before taxes of $ 710000 , and the sale of approximately 4.7 million shares of arm holdings plc ( arm ) stock for both net proceeds and a gain before taxes of $ 21 million . during 2001 , the company sold a total of approximately 1 million shares of akamai stock for net proceeds of $ 39 million and recorded a gain before taxes of $ 36 million , and sold a total of approximately 29.8 million shares of arm stock for net proceeds of $ 176 million and recorded a gain before taxes of $ 174 million . these gains during 2001 were partially offset by a $ 114 million charge to earnings that reflected an other- than-temporary decline in the fair value of the company's investment in earthlink and an $ 8 million charge that reflected an other-than- temporary decline in the fair value of certain private company investments . during 2000 , the company sold a total of approximately 45.2 million shares of arm stock for net proceeds of $ 372 million and a gain before taxes of $ 367 million . the combined carrying value of the company's investments in earthlink , akamai , and arm as of september 28 , 2002 , was $ 39 million . the company believes it is likely there will continue to be significant fluctuations in the fair value of these investments in the future . accounting for derivatives and cumulative effect of accounting change on october 1 , 2000 , the company adopted statement of financial accounting standard ( sfas ) no . 133 , accounting for derivative instruments and hedging activities . sfas no . 133 established accounting and reporting standards for derivative instruments , hedging activities , and exposure definition . net of the related income tax effect of approximately $ 5 million , adoption of sfas no . 133 resulted in a favorable cumulative-effect-type adjustment to net income of approximately $ 12 million for the first quarter of 2001 . the $ 17 million gross transition adjustment was comprised of a $ 23 million favorable adjustment for the restatement to fair value of the derivative component of the company's investment in samsung electronics co. , ltd . ( samsung ) , partially offset by the unfavorable adjustments to certain foreign currency and interest rate derivatives . sfas no . 133 also required the company to adjust the carrying value of the derivative component of its investment in samsung to earnings during the first quarter of 2001 , the before tax effect of which was an unrealized loss of approximately $ 13 million . interest and other income , net net interest and other income was $ 112 million in fiscal 2002 , compared to $ 217 million in fiscal 2001 . this $ 105 million or 48% ( 48 % ) decrease is .
Table
| 2002 | 2001 | 2000
gains ( losses ) on non-current investments net | $ -42 ( 42 ) | $ 88 | $ 367
unrealized loss on convertible securities | $ 2014 | -13 ( 13 ) | $ 2014
interest income | $ 118 | $ 218 | $ 210
interest expense | -11 ( 11 ) | -16 ( 16 ) | -21 ( 21 )
miscellaneous other income and expense | 5 | 15 | 14
interest and other income net | $ 112 | $ 217 | $ 203
total other income and expense | $ 70 | $ 292 | $ 570
total other income and expense .
Question:
what was the change in millions of total other income and expense from 2001 to 2002?
Important information:
table_3: the interest income of 2002 is $ 118 ; the interest income of 2001 is $ 218 ; the interest income of 2000 is $ 210 ;
table_5: the miscellaneous other income and expense of 2002 is 5 ; the miscellaneous other income and expense of 2001 is 15 ; the miscellaneous other income and expense of 2000 is 14 ;
table_7: the total other income and expense of 2002 is $ 70 ; the total other income and expense of 2001 is $ 292 ; the total other income and expense of 2000 is $ 570 ;
Reasoning Steps:
Step: minus2-1(70, 292) = -222
Program:
subtract(70, 292)
Program (Nested):
subtract(70, 292)
| finqa4696 |
what is the growth rate in operating income of hr solutions from 2009 to 2010?
Important information:
table_1: years ended december 31, the revenue of 2010 is $ 2111 ; the revenue of 2009 is $ 1267 ; the revenue of 2008 is $ 1356 ;
table_2: years ended december 31 , the operating income of 2010 is 234 ; the operating income of 2009 is 203 ; the operating income of 2008 is 208 ;
table_3: years ended december 31, the operating margin of 2010 is 11.1% ( 11.1 % ) ; the operating margin of 2009 is 16.0% ( 16.0 % ) ; the operating margin of 2008 is 15.3% ( 15.3 % ) ;
Reasoning Steps:
Step: minus2-1(234, 203) = 31
Step: divide2-2(#0, 203) = 15.3%
Program:
subtract(234, 203), divide(#0, 203)
Program (Nested):
divide(subtract(234, 203), 203)
| 0.15271 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
hr solutions .
Table
years ended december 31, | 2010 | 2009 | 2008
revenue | $ 2111 | $ 1267 | $ 1356
operating income | 234 | 203 | 208
operating margin | 11.1% ( 11.1 % ) | 16.0% ( 16.0 % ) | 15.3% ( 15.3 % )
in october 2010 , we completed the acquisition of hewitt , one of the world 2019s leading human resource consulting and outsourcing companies . hewitt operates globally together with aon 2019s existing consulting and outsourcing operations under the newly created aon hewitt brand . hewitt 2019s operating results are included in aon 2019s results of operations beginning october 1 , 2010 . our hr solutions segment generated approximately 25% ( 25 % ) of our consolidated total revenues in 2010 and provides a broad range of human capital services , as follows : consulting services : 2022 health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees . benefits consulting includes health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services . 2022 retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration . 2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries . 2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management . outsourcing services : 2022 benefits outsourcing applies our hr expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services . our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions . 2022 human resource business processing outsourcing ( 2018 2018hr bpo 2019 2019 ) provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and record and manage talent , workforce and other core hr process transactions as well as other complementary services such as absence management , flexible spending , dependent audit and participant advocacy . beginning in late 2008 , the disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace . weak economic conditions globally continued throughout 2010 . the prolonged economic downturn is adversely impacting our clients 2019 financial condition and therefore the levels of business activities in the industries and geographies where we operate . while we believe that the majority of our practices are well positioned to manage through this time , these challenges are reducing demand for some of our services and putting .
Question:
what is the growth rate in operating income of hr solutions from 2009 to 2010?
Important information:
table_1: years ended december 31, the revenue of 2010 is $ 2111 ; the revenue of 2009 is $ 1267 ; the revenue of 2008 is $ 1356 ;
table_2: years ended december 31 , the operating income of 2010 is 234 ; the operating income of 2009 is 203 ; the operating income of 2008 is 208 ;
table_3: years ended december 31, the operating margin of 2010 is 11.1% ( 11.1 % ) ; the operating margin of 2009 is 16.0% ( 16.0 % ) ; the operating margin of 2008 is 15.3% ( 15.3 % ) ;
Reasoning Steps:
Step: minus2-1(234, 203) = 31
Step: divide2-2(#0, 203) = 15.3%
Program:
subtract(234, 203), divide(#0, 203)
Program (Nested):
divide(subtract(234, 203), 203)
| finqa4697 |
what is the estimated value of the available securities for future issuance , ( in millions ) ?
Important information:
text_4: plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders : 1765510 $ 34.92 7927210 ( 1 ) equity compensation plans not approved by security holders : 2014 2014 2014 .
table_1: plan category the equity compensation plans approved by security holders: of number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) is 1765510 ; the equity compensation plans approved by security holders: of weighted-average exerciseprice of outstanding options warrants and rights ( b ) is $ 34.92 ; the equity compensation plans approved by security holders: of number of securitiesremaining available forfuture issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) is 7927210 ; the equity compensation plans approved by security holders: of is -1 ( 1 ) ;
table_3: plan category the total of number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) is 1765510 ; the total of weighted-average exerciseprice of outstanding options warrants and rights ( b ) is $ 34.92 ; the total of number of securitiesremaining available forfuture issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) is 7927210 ; the total of is -1 ( 1 ) ;
Reasoning Steps:
Step: multiply2-1(7927210, 34.92) = 276818173
Step: divide2-2(#0, const_1000000) = 276.82
Program:
multiply(7927210, 34.92), divide(#0, const_1000000)
Program (Nested):
divide(multiply(7927210, 34.92), const_1000000)
| 276.81817 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
item 11 2014executive compensation we incorporate by reference in this item 11 the information relating to executive and director compensation contained under the headings 201cother information about the board and its committees , 201d 201ccompensation and other benefits 201d and 201creport of the compensation committee 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . item 12 2014security ownership of certain beneficial owners and management and related stockholder matters we incorporate by reference in this item 12 the information relating to ownership of our common stock by certain persons contained under the headings 201ccommon stock ownership of management 201d and 201ccommon stock ownership by certain other persons 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . the following table provides certain information as of may 31 , 2013 concerning the shares of the company 2019s common stock that may be issued under existing equity compensation plans . for more information on these plans , see note 11 to notes to consolidated financial statements . plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders : 1765510 $ 34.92 7927210 ( 1 ) equity compensation plans not approved by security holders : 2014 2014 2014 .
Table
plan category | number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted-average exerciseprice of outstanding options warrants and rights ( b ) | number of securitiesremaining available forfuture issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) |
equity compensation plans approved by security holders: | 1765510 | $ 34.92 | 7927210 | -1 ( 1 )
equity compensation plans not approved by security holders: | 2014 | 2014 | 2014 |
total | 1765510 | $ 34.92 | 7927210 | -1 ( 1 )
( 1 ) also includes shares of common stock available for issuance other than upon the exercise of an option , warrant or right under the global payments inc . 2000 long-term incentive plan , as amended and restated , the global payments inc . amended and restated 2005 incentive plan , amended and restated 2000 non- employee director stock option plan , global payments employee stock purchase plan and the global payments inc . 2011 incentive plan . item 13 2014certain relationships and related transactions , and director independence we incorporate by reference in this item 13 the information regarding certain relationships and related transactions between us and some of our affiliates and the independence of our board of directors contained under the headings 201ccertain relationships and related transactions 201d and 201cother information about the board and its committees 201d from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013 . item 14 2014principal accounting fees and services we incorporate by reference in this item 14 the information regarding principal accounting fees and services contained under the section ratification of the reappointment of auditors from our proxy statement to be delivered in connection with our 2013 annual meeting of shareholders to be held on november 20 , 2013. .
Question:
what is the estimated value of the available securities for future issuance , ( in millions ) ?
Important information:
text_4: plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders : 1765510 $ 34.92 7927210 ( 1 ) equity compensation plans not approved by security holders : 2014 2014 2014 .
table_1: plan category the equity compensation plans approved by security holders: of number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) is 1765510 ; the equity compensation plans approved by security holders: of weighted-average exerciseprice of outstanding options warrants and rights ( b ) is $ 34.92 ; the equity compensation plans approved by security holders: of number of securitiesremaining available forfuture issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) is 7927210 ; the equity compensation plans approved by security holders: of is -1 ( 1 ) ;
table_3: plan category the total of number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) is 1765510 ; the total of weighted-average exerciseprice of outstanding options warrants and rights ( b ) is $ 34.92 ; the total of number of securitiesremaining available forfuture issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) is 7927210 ; the total of is -1 ( 1 ) ;
Reasoning Steps:
Step: multiply2-1(7927210, 34.92) = 276818173
Step: divide2-2(#0, const_1000000) = 276.82
Program:
multiply(7927210, 34.92), divide(#0, const_1000000)
Program (Nested):
divide(multiply(7927210, 34.92), const_1000000)
| finqa4698 |
what is the growth rate in advertising costs from 2007 to 2008?
Important information:
table_7: other the ending balance of twelve months ended september 27 2008 other is $ 882 ; the ending balance of twelve months ended september 27 2008 is $ 1309 ;
text_18: advertising costs advertising costs are charged to operations as incurred .
text_20: advertising costs , which include trade shows and conventions , were approximately $ 15281 , $ 6683 and $ 5003 for fiscal 2008 , 2007 and 2006 , respectively , and were included in selling and marketing expense in the consolidated statements of operations. .
Reasoning Steps:
Step: minus1-1(15281, 6683) = 8598
Step: divide1-2(#0, 6683) = 128.7%
Program:
subtract(15281, 6683), divide(#0, 6683)
Program (Nested):
divide(subtract(15281, 6683), 6683)
| 1.28655 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) restructuring accrual as a result of the cytyc merger , the company assumed previous cytyc management approved restructuring plans designed to reduce future operating expenses by consolidating its mountain view , california operations into its existing operations in costa rica and massachusetts as well as restructuring plans relating to cytyc 2019s historical acquisitions completed in march 2007 . in connection with these plans , the company assumed a total liability of approximately $ 4658 . during the twelve months ended september 27 , 2008 , the company did not incur any additional restructuring costs related to retention costs for these employees . as a result of the third wave acquisition , the company assumed previous third wave management approved restructuring plans designed to reduce future operating expenses . in connection with these plans , the company assumed a total liability related to termination benefits of approximately $ 7509 . the company did not incur any additional restructuring costs related to retention costs for these employees from the date of acquisition through september 27 , 2008 . we anticipate that these costs will be paid in full during fiscal 2009 . additionally , the company recorded a liability related to the cytyc merger in accordance with eitf 95-3 as detailed below , primarily related to the termination of certain employees as well as minimum inventory purchase commitments and other contractual obligations for which business activities have been discontinued . during the twelve months ended september 27 , 2008 the company incurred approximately $ 6.4 million of expense related to the resignation of the chairman of the board of directors , which is not included in the table below ( see note 12 ) . changes in the restructuring accrual for the twelve months ended september 27 , 2008 were as follows : twelve months ended september 27 , 2008 termination benefits .
Table
other | twelve months ended september 27 2008 other | twelve months ended september 27 2008
beginning balance | $ 2014 | $ 105
cytyc balance acquired october 22 2007 | 2014 | 4658
third wave balance acquired july 24 2008 | 261 | 7029
provided for under eitf no . 95-3 | 1820 | 1020
adjustments | -382 ( 382 ) | -270 ( 270 )
payments | -817 ( 817 ) | -11233 ( 11233 )
ending balance | $ 882 | $ 1309
as of the dates of acquisition of aeg elektrofotografie gmbh ( 201caeg 201d ) , r2 technology , inc . ( 201cr2 201d ) and suros surgical , inc . ( 201csuros 201d ) ( see note 3 ) , management of the company implemented and finalized plans to involuntarily terminate certain employees of the acquired companies . these plans resulted in a liability for costs associated with an employee severance arrangement of approximately $ 3135 in accordance with eitf issue no . 95-3 , recognition of liabilities in connection with a purchase business combination . as of september 29 , 2007 , all amounts other than $ 105 had been paid . the company had made full payment on this remaining liability as of september 27 , 2008 . advertising costs advertising costs are charged to operations as incurred . the company does not have any direct-response advertising . advertising costs , which include trade shows and conventions , were approximately $ 15281 , $ 6683 and $ 5003 for fiscal 2008 , 2007 and 2006 , respectively , and were included in selling and marketing expense in the consolidated statements of operations. .
Question:
what is the growth rate in advertising costs from 2007 to 2008?
Important information:
table_7: other the ending balance of twelve months ended september 27 2008 other is $ 882 ; the ending balance of twelve months ended september 27 2008 is $ 1309 ;
text_18: advertising costs advertising costs are charged to operations as incurred .
text_20: advertising costs , which include trade shows and conventions , were approximately $ 15281 , $ 6683 and $ 5003 for fiscal 2008 , 2007 and 2006 , respectively , and were included in selling and marketing expense in the consolidated statements of operations. .
Reasoning Steps:
Step: minus1-1(15281, 6683) = 8598
Step: divide1-2(#0, 6683) = 128.7%
Program:
subtract(15281, 6683), divide(#0, 6683)
Program (Nested):
divide(subtract(15281, 6683), 6683)
| finqa4699 |
what would profit per share be in 2019 with the same growth rate as 2018?\\n\\n
Important information:
text_6: profit per share for 2018 was $ 10.26 , compared to profit per share of $ 1.26 in 2017 .
text_19: zz in order for our results to be more meaningful to our readers , we have separately quantified the impact of several significant items: .
table_1: ( millions of dollars ) the profit of full year 2018 profit before taxes is $ 7822 ; the profit of full year 2018 profitper share is $ 10.26 ; the profit of full year 2018 profit before taxes is $ 4082 ; the profit of profitper share is $ 1.26 ;
Reasoning Steps:
Step: divide1-1(10.26, 1.26) = 820%
Step: multiply1-2(#0, 10.26) = 84.17
Program:
divide(10.26, 1.26), multiply(#0, 10.26)
Program (Nested):
multiply(divide(10.26, 1.26), 10.26)
| 83.54571 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2018 a0form 10-k18 item 7 . management 2019s discussion and analysis of financial condition and results of operations . this management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with our discussion of cautionary statements and significant risks to the company 2019s business under item 1a . risk factors of the 2018 form a010-k . overview our sales and revenues for 2018 were $ 54.722 billion , a 20 a0percent increase from 2017 sales and revenues of $ 45.462 a0billion . the increase was primarily due to higher sales volume , mostly due to improved demand across all regions and across the three primary segments . profit per share for 2018 was $ 10.26 , compared to profit per share of $ 1.26 in 2017 . profit was $ 6.147 billion in 2018 , compared with $ 754 million in 2017 . the increase was primarily due to lower tax expense , higher sales volume , decreased restructuring costs and improved price realization . the increase was partially offset by higher manufacturing costs and selling , general and administrative ( sg&a ) and research and development ( r&d ) expenses and lower profit from the financial products segment . fourth-quarter 2018 sales and revenues were $ 14.342 billion , up $ 1.446 billion , or 11 percent , from $ 12.896 billion in the fourth quarter of 2017 . fourth-quarter 2018 profit was $ 1.78 per share , compared with a loss of $ 2.18 per share in the fourth quarter of 2017 . fourth-quarter 2018 profit was $ 1.048 billion , compared with a loss of $ 1.299 billion in 2017 . highlights for 2018 include : zz sales and revenues in 2018 were $ 54.722 billion , up 20 a0percent from 2017 . sales improved in all regions and across the three primary segments . zz operating profit as a percent of sales and revenues was 15.2 a0percent in 2018 , compared with 9.8 percent in 2017 . adjusted operating profit margin was 15.9 percent in 2018 , compared with 12.5 percent in 2017 . zz profit was $ 10.26 per share for 2018 , and excluding the items in the table below , adjusted profit per share was $ 11.22 . for 2017 profit was $ 1.26 per share , and excluding the items in the table below , adjusted profit per share was $ 6.88 . zz in order for our results to be more meaningful to our readers , we have separately quantified the impact of several significant items: .
Table
( millions of dollars ) | full year 2018 profit before taxes | full year 2018 profitper share | full year 2018 profit before taxes | profitper share
profit | $ 7822 | $ 10.26 | $ 4082 | $ 1.26
restructuring costs | 386 | 0.50 | 1256 | 1.68
mark-to-market losses | 495 | 0.64 | 301 | 0.26
deferred tax valuation allowance adjustments | 2014 | -0.01 ( 0.01 ) | 2014 | -0.18 ( 0.18 )
u.s . tax reform impact | 2014 | -0.17 ( 0.17 ) | 2014 | 3.95
gain on sale of equity investment | 2014 | 2014 | -85 ( 85 ) | -0.09 ( 0.09 )
adjusted profit | $ 8703 | $ 11.22 | $ 5554 | $ 6.88
zz machinery , energy & transportation ( me&t ) operating cash flow for 2018 was about $ 6.3 billion , more than sufficient to cover capital expenditures and dividends . me&t operating cash flow for 2017 was about $ 5.5 billion . restructuring costs in recent years , we have incurred substantial restructuring costs to achieve a flexible and competitive cost structure . during 2018 , we incurred $ 386 million of restructuring costs related to restructuring actions across the company . during 2017 , we incurred $ 1.256 billion of restructuring costs with about half related to the closure of the facility in gosselies , belgium , and the remainder related to other restructuring actions across the company . although we expect restructuring to continue as part of ongoing business activities , restructuring costs should be lower in 2019 than 2018 . notes : zz glossary of terms included on pages 33-34 ; first occurrence of terms shown in bold italics . zz information on non-gaap financial measures is included on pages 42-43. .
Question:
what would profit per share be in 2019 with the same growth rate as 2018?\\n\\n
Important information:
text_6: profit per share for 2018 was $ 10.26 , compared to profit per share of $ 1.26 in 2017 .
text_19: zz in order for our results to be more meaningful to our readers , we have separately quantified the impact of several significant items: .
table_1: ( millions of dollars ) the profit of full year 2018 profit before taxes is $ 7822 ; the profit of full year 2018 profitper share is $ 10.26 ; the profit of full year 2018 profit before taxes is $ 4082 ; the profit of profitper share is $ 1.26 ;
Reasoning Steps:
Step: divide1-1(10.26, 1.26) = 820%
Step: multiply1-2(#0, 10.26) = 84.17
Program:
divide(10.26, 1.26), multiply(#0, 10.26)
Program (Nested):
multiply(divide(10.26, 1.26), 10.26)
| finqa4700 |
what are is the net change in the balance of unpaid losses during 2007?
Important information:
table_1: ( in millions of u.s . dollars ) the balance at december 31 2006 of gross losses is $ 35517 ; the balance at december 31 2006 of reinsurance recoverable is $ 13509 ; the balance at december 31 2006 of net losses is $ 22008 ;
table_2: ( in millions of u.s . dollars ) the losses and loss expenses incurred of gross losses is 10831 ; the losses and loss expenses incurred of reinsurance recoverable is 3480 ; the losses and loss expenses incurred of net losses is 7351 ;
table_3: ( in millions of u.s . dollars ) the losses and loss expenses paid of gross losses is -9516 ( 9516 ) ; the losses and loss expenses paid of reinsurance recoverable is -3582 ( 3582 ) ; the losses and loss expenses paid of net losses is -5934 ( 5934 ) ;
table_4: ( in millions of u.s . dollars ) the other ( including foreign exchange revaluation ) of gross losses is 280 ; the other ( including foreign exchange revaluation ) of reinsurance recoverable is 113 ; the other ( including foreign exchange revaluation ) of net losses is 167 ;
Reasoning Steps:
Step: add1-1(7351, -5934) = 1417
Step: add1-2(#0, 167) = 1584
Program:
add(7351, -5934), add(#0, 167)
Program (Nested):
add(add(7351, -5934), 167)
| 1584.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
we are continuing to invest in people and infrastructure to grow our presence in lines of businesses globally where we see an opportunity for ace to grow market share at reasonable terms . we are also continuing to invest in our enterprise risk management capability , our systems and data environment , and our research and development capabilities . critical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s . ( gaap ) , are determined using best estimates and assumptions . while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented . we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 impairments to the carrying value of our investment portfolio ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill . we believe our accounting policies for these items are of critical importance to our consolidated financial statements . the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items . unpaid losses and loss expenses as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers . the estimate of the liabilities includes provisions for claims that have been reported but unpaid at the balance sheet date ( case reserves ) and for future obligations from claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional devel- opment on reported claims in instances where the case reserve is viewed to be potentially insufficient ) . the reserves provide for liabilities that exist for the company as of the balance sheet date . the loss reserve also includes an estimate of expenses associated with processing and settling these unpaid claims ( loss expenses ) . at december 31 , 2008 , our gross unpaid loss and loss expense reserves were $ 37.2 billion and our net unpaid loss and loss expense reserves were $ 24.2 billion . with the exception of certain structured settlements , for which the timing and amount of future claim payments are reliably determi- nable , our loss reserves are not discounted for the time value of money . in connection with such structured settlements , we carry reserves of $ 106 million ( net of discount ) . the table below presents a roll-forward of our unpaid losses and loss expenses for the indicated periods . ( in millions of u.s . dollars ) losses reinsurance recoverable net losses .
Table
( in millions of u.s . dollars ) | gross losses | reinsurance recoverable | net losses
balance at december 31 2006 | $ 35517 | $ 13509 | $ 22008
losses and loss expenses incurred | 10831 | 3480 | 7351
losses and loss expenses paid | -9516 ( 9516 ) | -3582 ( 3582 ) | -5934 ( 5934 )
other ( including foreign exchange revaluation ) | 280 | 113 | 167
balance at december 31 2007 | 37112 | 13520 | 23592
losses and loss expenses incurred | 10944 | 3341 | 7603
losses and loss expenses paid | -9899 ( 9899 ) | -3572 ( 3572 ) | -6327 ( 6327 )
other ( including foreign exchange revaluation ) | -1367 ( 1367 ) | -387 ( 387 ) | -980 ( 980 )
losses and loss expenses acquired | 386 | 33 | 353
balance at december 31 2008 | $ 37176 | $ 12935 | $ 24241
.
Question:
what are is the net change in the balance of unpaid losses during 2007?
Important information:
table_1: ( in millions of u.s . dollars ) the balance at december 31 2006 of gross losses is $ 35517 ; the balance at december 31 2006 of reinsurance recoverable is $ 13509 ; the balance at december 31 2006 of net losses is $ 22008 ;
table_2: ( in millions of u.s . dollars ) the losses and loss expenses incurred of gross losses is 10831 ; the losses and loss expenses incurred of reinsurance recoverable is 3480 ; the losses and loss expenses incurred of net losses is 7351 ;
table_3: ( in millions of u.s . dollars ) the losses and loss expenses paid of gross losses is -9516 ( 9516 ) ; the losses and loss expenses paid of reinsurance recoverable is -3582 ( 3582 ) ; the losses and loss expenses paid of net losses is -5934 ( 5934 ) ;
table_4: ( in millions of u.s . dollars ) the other ( including foreign exchange revaluation ) of gross losses is 280 ; the other ( including foreign exchange revaluation ) of reinsurance recoverable is 113 ; the other ( including foreign exchange revaluation ) of net losses is 167 ;
Reasoning Steps:
Step: add1-1(7351, -5934) = 1417
Step: add1-2(#0, 167) = 1584
Program:
add(7351, -5934), add(#0, 167)
Program (Nested):
add(add(7351, -5934), 167)
| finqa4701 |
what is the percentage difference in the number of shares to be issued if the stock price closes at $ 11 compared to if it closes at $ 20?
Important information:
table_1: the $ 11.00 of shares ( in millions ) is 0.9 ;
table_9: the $ 19.00 of shares ( in millions ) is 20.1 ;
table_10: the $ 20.00 of shares ( in millions ) is 21.4 ;
Reasoning Steps:
Step: minus1-1(21.4, 0.9) = 20.5
Step: divide1-2(#0, 0.9) = 278%
Program:
subtract(21.4, 0.9), divide(#0, 0.9)
Program (Nested):
divide(subtract(21.4, 0.9), 0.9)
| 22.77778 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
all highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash equivalents . securities with maturities greater than three months are classified as available-for-sale and are considered to be short-term investments . the carrying value of our interest-bearing instruments approximated fair value as of december 29 , 2012 . interest rates under our revolving credit facility are variable , so interest expense for periods when the credit facility is utilized could be adversely affected by changes in interest rates . interest rates under our revolving credit facility can fluctuate based on changes in market interest rates and in an interest rate margin that varies based on our consolidated leverage ratio . as of december 29 , 2012 , we had no outstanding balance on the credit facility . see note 3 in the notes to consolidated financial statements for an additional description of our credit facility . equity price risk convertible notes our 2015 notes and 2013 notes include conversion and settlement provisions that are based on the price of our common stock at conversion or at maturity of the notes . in addition , the hedges and warrants associated with these convertible notes also include settlement provisions that are based on the price of our common stock . the amount of cash we may be required to pay , or the number of shares we may be required to provide to note holders at conversion or maturity of these notes , is determined by the price of our common stock . the amount of cash or number of shares that we may receive from hedge counterparties in connection with the related hedges and the number of shares that we may be required to provide warrant counterparties in connection with the related warrants are also determined by the price of our common stock . upon the expiration of our 2015 warrants , cadence will issue shares of common stock to the purchasers of the warrants to the extent our stock price exceeds the warrant strike price of $ 10.78 at that time . the following table shows the number of shares that cadence would issue to 2015 warrant counterparties at expiration of the warrants , assuming various cadence closing stock prices on the dates of warrant expiration : shares ( in millions ) .
Table
| shares ( in millions )
$ 11.00 | 0.9
$ 12.00 | 4.7
$ 13.00 | 7.9
$ 14.00 | 10.7
$ 15.00 | 13.0
$ 16.00 | 15.1
$ 17.00 | 17.0
$ 18.00 | 18.6
$ 19.00 | 20.1
$ 20.00 | 21.4
prior to the expiration of the 2015 warrants , for purposes of calculating diluted earnings per share , our diluted weighted-average shares outstanding will increase when our average closing stock price for a quarter exceeds $ 10.78 . for an additional description of our 2015 notes and 2013 notes , see note 3 in the notes to consolidated financial statements and 201cliquidity and capital resources 2014 other factors affecting liquidity and capital resources , 201d under item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations . 201d .
Question:
what is the percentage difference in the number of shares to be issued if the stock price closes at $ 11 compared to if it closes at $ 20?
Important information:
table_1: the $ 11.00 of shares ( in millions ) is 0.9 ;
table_9: the $ 19.00 of shares ( in millions ) is 20.1 ;
table_10: the $ 20.00 of shares ( in millions ) is 21.4 ;
Reasoning Steps:
Step: minus1-1(21.4, 0.9) = 20.5
Step: divide1-2(#0, 0.9) = 278%
Program:
subtract(21.4, 0.9), divide(#0, 0.9)
Program (Nested):
divide(subtract(21.4, 0.9), 0.9)
| finqa4702 |
for the 673 first avenue property which has been classified as a capital lease , what percent of the basis was amortized in the year december 31 , 2002?
Important information:
text_7: for the years ended december 31 , 2002 , 2001 and 2000 , the company made matching contributions of $ 140 , $ 116 and $ 54 , respectively .
text_30: the company continues to lease the 673 first avenue prop- erty which has been classified as a capital lease with a cost basis of $ 12208 and cumulative amortization of $ 3579 and $ 3306 at december 31 , 2002 and 2001 , respectively .
table_7: december 31, the total minimum lease payments of capital leases is 63014 ; the total minimum lease payments of non-cancellable operating leases is 356187 ;
Reasoning Steps:
Step: divide2-1(3579, 12208) = 29.3%
Program:
divide(3579, 12208)
Program (Nested):
divide(3579, 12208)
| 0.29317 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( c o n t i n u e d ) the realization of this investment gain ( $ 5624 net of the award ) . this award , which will be paid out over a three-year period , is presented as deferred compensation award on the balance sheet . as of december 31 , 2002 , $ 1504 had been paid against this compensation award . 401 ( k ) plan during august 1997 , the company implemented a 401 ( k ) savings/retirement plan ( the 201c401 ( k ) plan 201d ) to cover eligible employees of the company and any designated affiliate . the 401 ( k ) plan permits eligible employees of the company to defer up to 15% ( 15 % ) of their annual compensation , subject to cer- tain limitations imposed by the code . the employees 2019 elec- tive deferrals are immediately vested and non-forfeitable upon contribution to the 401 ( k ) plan . during 2000 , the company amended its 401 ( k ) plan to include a matching contribution , subject to erisa limitations , equal to 50% ( 50 % ) of the first 4% ( 4 % ) of annual compensation deferred by an employee . for the years ended december 31 , 2002 , 2001 and 2000 , the company made matching contributions of $ 140 , $ 116 and $ 54 , respectively . 18 . commitments and contingencies the company and the operating partnership are not presently involved in any material litigation nor , to their knowledge , is any material litigation threatened against them or their properties , other than routine litigation arising in the ordinary course of business . management believes the costs , if any , incurred by the company and the operating partnership related to this litigation will not materially affect the financial position , operating results or liquidity of the company and the operating partnership . on october 24 , 2001 , an accident occurred at 215 park avenue south , a property which the company manages , but does not own . personal injury claims have been filed against the company and others by 11 persons . the company believes that there is sufficient insurance coverage to cover the cost of such claims , as well as any other personal injury or property claims which may arise . the company has entered into employment agreements with certain executives . six executives have employment agreements which expire between november 2003 and december 2007 . the cash based compensation associated with these employment agreements totals approximately $ 2125 for 2003 . during march 1998 , the company acquired an operating sub-leasehold position at 420 lexington avenue . the oper- ating sub-leasehold position requires annual ground lease payments totaling $ 6000 and sub-leasehold position pay- ments totaling $ 1100 ( excluding an operating sub-lease position purchased january 1999 ) . the ground lease and sub-leasehold positions expire 2008 . the company may extend the positions through 2029 at market rents . the property located at 1140 avenue of the americas operates under a net ground lease ( $ 348 annually ) with a term expiration date of 2016 and with an option to renew for an additional 50 years . the property located at 711 third avenue operates under an operating sub-lease which expires in 2083 . under the sub- lease , the company is responsible for ground rent payments of $ 1600 annually which increased to $ 3100 in july 2001 and will continue for the next ten years . the ground rent is reset after year ten based on the estimated fair market value of the property . in april 1988 , the sl green predecessor entered into a lease agreement for property at 673 first avenue in new york city , which has been capitalized for financial statement purposes . land was estimated to be approximately 70% ( 70 % ) of the fair market value of the property . the portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease . the initial lease term is 49 years with an option for an additional 26 years . beginning in lease years 11 and 25 , the lessor is entitled to additional rent as defined by the lease agreement . the company continues to lease the 673 first avenue prop- erty which has been classified as a capital lease with a cost basis of $ 12208 and cumulative amortization of $ 3579 and $ 3306 at december 31 , 2002 and 2001 , respectively . the fol- lowing is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of december 31 , 2002 . non-cancellable operating december 31 , capital leases leases .
Table
december 31, | capital leases | non-cancellable operating leases
2003 | $ 1290 | $ 11982
2004 | 1290 | 11982
2005 | 1290 | 11982
2006 | 1322 | 11982
2007 | 1416 | 11982
thereafter | 56406 | 296277
total minimum lease payments | 63014 | 356187
less amount representing interest | 47152 | 2014
present value of net minimum lease payments | $ 15862 | $ 356187
19 . financial instruments : derivatives and hedging financial accounting standards board 2019s statement no . 133 , 201caccounting for derivative instruments and hedging activities , 201d ( 201csfas 133 201d ) which became effective january 1 , 2001 requires the company to recognize all derivatives on the balance sheet at fair value . derivatives that are not hedges must be adjusted to fair value through income . if a derivative is a hedge , depending on the nature of the hedge , f i f t y - t w o s l g r e e n r e a l t y c o r p . .
Question:
for the 673 first avenue property which has been classified as a capital lease , what percent of the basis was amortized in the year december 31 , 2002?
Important information:
text_7: for the years ended december 31 , 2002 , 2001 and 2000 , the company made matching contributions of $ 140 , $ 116 and $ 54 , respectively .
text_30: the company continues to lease the 673 first avenue prop- erty which has been classified as a capital lease with a cost basis of $ 12208 and cumulative amortization of $ 3579 and $ 3306 at december 31 , 2002 and 2001 , respectively .
table_7: december 31, the total minimum lease payments of capital leases is 63014 ; the total minimum lease payments of non-cancellable operating leases is 356187 ;
Reasoning Steps:
Step: divide2-1(3579, 12208) = 29.3%
Program:
divide(3579, 12208)
Program (Nested):
divide(3579, 12208)
| finqa4703 |
what is the net debt if all cash was used to repay debt?
Important information:
text_2: dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , euro and south african rand as of december 31 , 2015 compared to december 31 , 2014. .
table_1: balance sheet data the cash cash equivalents and marketable securities of december 31 , 2016 is $ 1100.6 ; the cash cash equivalents and marketable securities of december 31 , 2015 is $ 1509.7 ;
table_5: balance sheet data the total debt of december 31 , 2016 is $ 1690.3 ; the total debt of december 31 , 2015 is $ 1745.1 ;
Reasoning Steps:
Step: minus1-1(1690.3, 1100.6) = 589.7
Program:
subtract(1690.3, 1100.6)
Program (Nested):
subtract(1690.3, 1100.6)
| 589.7 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) 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 $ 156.1 in 2015 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , euro and south african rand as of december 31 , 2015 compared to december 31 , 2014. .
Table
balance sheet data | december 31 , 2016 | december 31 , 2015
cash cash equivalents and marketable securities | $ 1100.6 | $ 1509.7
short-term borrowings | $ 85.7 | $ 132.9
current portion of long-term debt | 323.9 | 1.9
long-term debt | 1280.7 | 1610.3
total debt | $ 1690.3 | $ 1745.1
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 . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all . funding requirements our most significant funding requirements include our operations , non-cancelable operating lease obligations , capital expenditures , acquisitions , common stock dividends , taxes and debt service . additionally , we may be required to make payments to minority shareholders in certain subsidiaries if they exercise their options to sell us their equity interests . notable funding requirements include : 2022 debt service 2013 our 2.25% ( 2.25 % ) senior notes in aggregate principal amount of $ 300.0 mature on november 15 , 2017 , and a $ 22.6 note classified within our other notes payable is due on june 30 , 2017 . we expect to use available cash to fund the retirement of the outstanding notes upon maturity . the remainder of our debt is primarily long-term , with maturities scheduled through 2024 . see the table below for the maturity schedule of our long-term debt . 2022 acquisitions 2013 we paid cash of $ 52.1 , net of cash acquired of $ 13.6 , for acquisitions completed in 2016 . we also paid $ 0.5 in up-front payments and $ 59.3 in deferred payments for prior-year acquisitions as well as ownership increases in our consolidated subsidiaries . in addition to potential cash expenditures for new acquisitions , we expect to pay approximately $ 77.0 in 2017 related to prior-year acquisitions . we may also be required to pay approximately $ 31.0 in 2017 related to put options held by minority shareholders if exercised . we will continue to evaluate strategic opportunities to grow and continue to strengthen our market position , particularly in our digital and marketing services offerings , and to expand our presence in high-growth and key strategic world markets . 2022 dividends 2013 during 2016 , we paid four quarterly cash dividends of $ 0.15 per share on our common stock , which corresponded to aggregate dividend payments of $ 238.4 . on february 10 , 2017 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.18 per share , payable on march 15 , 2017 to holders of record as of the close of business on march 1 , 2017 . assuming we pay a quarterly dividend of $ 0.18 per share and there is no significant change in the number of outstanding shares as of december 31 , 2016 , we would expect to pay approximately $ 280.0 over the next twelve months. .
Question:
what is the net debt if all cash was used to repay debt?
Important information:
text_2: dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , euro and south african rand as of december 31 , 2015 compared to december 31 , 2014. .
table_1: balance sheet data the cash cash equivalents and marketable securities of december 31 , 2016 is $ 1100.6 ; the cash cash equivalents and marketable securities of december 31 , 2015 is $ 1509.7 ;
table_5: balance sheet data the total debt of december 31 , 2016 is $ 1690.3 ; the total debt of december 31 , 2015 is $ 1745.1 ;
Reasoning Steps:
Step: minus1-1(1690.3, 1100.6) = 589.7
Program:
subtract(1690.3, 1100.6)
Program (Nested):
subtract(1690.3, 1100.6)
| finqa4704 |
in 2012 , what percent of new sites were foreign?
Important information:
table_1: new sites ( acquired or constructed ) the domestic of 2012 is 960 ; the domestic of 2011 is 470 ; the domestic of 2010 is 950 ;
table_2: new sites ( acquired or constructed ) the international ( 1 ) of 2012 is 7850 ; the international ( 1 ) of 2011 is 10000 ; the international ( 1 ) of 2010 is 6870 ;
text_11: ( 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 .
Reasoning Steps:
Step: add1-1(960, 7850) = 8810
Step: divide1-2(7850, #0) = 89%
Program:
add(960, 7850), divide(7850, #0)
Program (Nested):
divide(7850, add(960, 7850))
| 0.89103 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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
new sites ( acquired or constructed ) | 2012 | 2011 | 2010
domestic | 960 | 470 | 950
international ( 1 ) | 7850 | 10000 | 6870
( 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?
Important information:
table_1: new sites ( acquired or constructed ) the domestic of 2012 is 960 ; the domestic of 2011 is 470 ; the domestic of 2010 is 950 ;
table_2: new sites ( acquired or constructed ) the international ( 1 ) of 2012 is 7850 ; the international ( 1 ) of 2011 is 10000 ; the international ( 1 ) of 2010 is 6870 ;
text_11: ( 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 .
Reasoning Steps:
Step: add1-1(960, 7850) = 8810
Step: divide1-2(7850, #0) = 89%
Program:
add(960, 7850), divide(7850, #0)
Program (Nested):
divide(7850, add(960, 7850))
| finqa4705 |
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