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what was the change in millions of total redeemable stock of subsidiaries from 2015 to 2016?
Important information:
text_0: the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .
table_6: december 31, the total redeemable stock of subsidiaries of 2016 is $ 782 ; the total redeemable stock of subsidiaries of 2015 is $ 538 ;
text_5: the total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 .
Reasoning Steps:
Step: minus2-1(782, 538) = 244
Program:
subtract(782, 538)
Program (Nested):
subtract(782, 538)
| 244.0 | 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 aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .
Table
december 31, | 2016 | 2015
ipalco common stock | $ 618 | $ 460
colon quotas ( 1 ) | 100 | 2014
ipl preferred stock | 60 | 60
other common stock | 4 | 2014
dpl preferred stock | 2014 | 18
total redeemable stock of subsidiaries | $ 782 | $ 538
_____________________________ ( 1 ) characteristics of quotas are similar to common stock . colon 2014 during the year ended december 31 , 2016 , our partner in colon increased their ownership from 25% ( 25 % ) to 49.9% ( 49.9 % ) and made capital contributions of $ 106 million . any subsequent adjustments to allocate earnings and dividends to our partner , or measure the investment at fair value , will be classified as temporary equity each reporting period as it is probable that the shares will become redeemable . ipl 2014 ipl had $ 60 million of cumulative preferred stock outstanding at december 31 , 2016 and 2015 , which represented five series of preferred stock . the total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 . certain series of the preferred stock were redeemable solely at the option of the issuer at prices between $ 100 and $ 118 per share . holders of the preferred stock are entitled to elect a majority of ipl's board of directors if ipl has not paid dividends to its preferred stockholders for four consecutive quarters . based on the preferred stockholders' ability to elect a majority of ipl's board of directors in this circumstance , the redemption of the preferred shares is considered to be not solely within the control of the issuer and the preferred stock is considered temporary equity . dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl . the dp&l preferred stock was redeemable at dp&l's option as determined by its board of directors at per-share redemption prices between $ 101 and $ 103 per share , plus cumulative preferred dividends . in addition , dp&l's amended articles of incorporation contained provisions that permitted preferred stockholders to elect members of the dp&l board of directors in the event that cumulative dividends on the preferred stock are in arrears in an aggregate amount equivalent to at least four full quarterly dividends . based on the preferred stockholders' ability to elect members of dp&l's board of directors in this circumstance , the redemption of the preferred shares was considered to be not solely within the control of the issuer and the preferred stock was considered temporary equity . in september 2016 , it became probable that the preferred shares would become redeemable . as such , the company recorded an adjustment of $ 5 million to retained earnings to adjust the preferred shares to their redemption value of $ 23 million . in october 2016 , dp&l redeemed all of its preferred shares . upon redemption , the preferred shares were no longer outstanding and all rights of the holders thereof as shareholders of dp&l ceased to exist . ipalco 2014 in february 2015 , cdpq purchased 15% ( 15 % ) of aes us investment , inc. , a wholly-owned subsidiary that owns 100% ( 100 % ) of ipalco , for $ 247 million , with an option to invest an additional $ 349 million in ipalco through 2016 in exchange for a 17.65% ( 17.65 % ) equity stake . in april 2015 , cdpq invested an additional $ 214 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 24.90% ( 24.90 % ) . as a result of these transactions , $ 84 million in taxes and transaction costs were recognized as a net decrease to equity . the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of 377 million for the excess of the fair value of the shares over their book value . no gain or loss was recognized in net income as the transaction was not considered to be a sale of in-substance real estate . in march 2016 , cdpq exercised its remaining option by investing $ 134 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 30% ( 30 % ) . the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of $ 84 million for the excess of the fair value of the shares over their book value . in june 2016 , cdpq contributed an additional $ 24 million to ipalco , with no impact to the ownership structure of the investment . any subsequent adjustments to allocate earnings and dividends to cdpq will be classified as nci within permanent equity as it is not probable that the shares will become redeemable. .
Question:
what was the change in millions of total redeemable stock of subsidiaries from 2015 to 2016?
Important information:
text_0: the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .
table_6: december 31, the total redeemable stock of subsidiaries of 2016 is $ 782 ; the total redeemable stock of subsidiaries of 2015 is $ 538 ;
text_5: the total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 .
Reasoning Steps:
Step: minus2-1(782, 538) = 244
Program:
subtract(782, 538)
Program (Nested):
subtract(782, 538)
| finqa55 |
what is the roi of nasdaq composite from 2008 to 2009?
Important information:
text_3: nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$ 100 invested on 12/29/07 in stock or 12/31/07 in index , including reinvestment of dividends .
table_1: the cadence design systems inc . of 12/29/2007 is 100.00 ; the cadence design systems inc . of 1/3/2009 is 22.55 ; the cadence design systems inc . of 1/2/2010 is 35.17 ; the cadence design systems inc . of 1/1/2011 is 48.50 ; the cadence design systems inc . of 12/31/2011 is 61.07 ; the cadence design systems inc . of 12/29/2012 is 78.92 ;
table_2: the nasdaq composite of 12/29/2007 is 100.00 ; the nasdaq composite of 1/3/2009 is 59.03 ; the nasdaq composite of 1/2/2010 is 82.25 ; the nasdaq composite of 1/1/2011 is 97.32 ; the nasdaq composite of 12/31/2011 is 98.63 ; the nasdaq composite of 12/29/2012 is 110.78 ;
Reasoning Steps:
Step: minus1-1(59.03, const_100) = -40.97
Step: divide1-2(#0, const_1000) = -41.0%
Program:
subtract(59.03, const_100), divide(#0, const_1000)
Program (Nested):
divide(subtract(59.03, const_100), const_1000)
| -0.04097 | 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:
stockholder return performance graphs the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index . the graph assumes that the value of the investment in our common stock and in each index ( including reinvestment of dividends ) was $ 100 on december 29 , 2007 and tracks it through december 29 , 2012 . comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , and s&p 400 information technology cadence design systems , inc . nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$ 100 invested on 12/29/07 in stock or 12/31/07 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2013 s&p , a division of the mcgraw-hill companies inc . all rights reserved. .
Table
| 12/29/2007 | 1/3/2009 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012
cadence design systems inc . | 100.00 | 22.55 | 35.17 | 48.50 | 61.07 | 78.92
nasdaq composite | 100.00 | 59.03 | 82.25 | 97.32 | 98.63 | 110.78
s&p 400 information technology | 100.00 | 54.60 | 82.76 | 108.11 | 95.48 | 109.88
the stock price performance included in this graph is not necessarily indicative of future stock price performance .
Question:
what is the roi of nasdaq composite from 2008 to 2009?
Important information:
text_3: nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$ 100 invested on 12/29/07 in stock or 12/31/07 in index , including reinvestment of dividends .
table_1: the cadence design systems inc . of 12/29/2007 is 100.00 ; the cadence design systems inc . of 1/3/2009 is 22.55 ; the cadence design systems inc . of 1/2/2010 is 35.17 ; the cadence design systems inc . of 1/1/2011 is 48.50 ; the cadence design systems inc . of 12/31/2011 is 61.07 ; the cadence design systems inc . of 12/29/2012 is 78.92 ;
table_2: the nasdaq composite of 12/29/2007 is 100.00 ; the nasdaq composite of 1/3/2009 is 59.03 ; the nasdaq composite of 1/2/2010 is 82.25 ; the nasdaq composite of 1/1/2011 is 97.32 ; the nasdaq composite of 12/31/2011 is 98.63 ; the nasdaq composite of 12/29/2012 is 110.78 ;
Reasoning Steps:
Step: minus1-1(59.03, const_100) = -40.97
Step: divide1-2(#0, const_1000) = -41.0%
Program:
subtract(59.03, const_100), divide(#0, const_1000)
Program (Nested):
divide(subtract(59.03, const_100), const_1000)
| finqa56 |
what percentage of warehouse locations are in north america?
Important information:
text_75: products in the silicon systems group are manufactured in austin , texas ; singapore ; gloucester , massachusetts ; and rehovot , israel .
text_79: in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 75 locations throughout the world : 16 in europe , 20 in japan , 16 in north america ( principally the united states ) , 7 in china , 3 in india , 7 in korea , 3 in southeast asia , and 3 in taiwan .
text_163: in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 75 locations throughout the world : 16 in europe , 20 in japan , 16 in north america ( principally the united states ) , 7 in china , 3 in india , 7 in korea , 3 in southeast asia , and 3 in taiwan .
Reasoning Steps:
Step: divide1-1(16, 75) = 21.3%
Program:
divide(16, 75)
Program (Nested):
divide(16, 75)
| 0.21333 | 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 2 : properties information concerning applied 2019s principal properties at october 26 , 2014 is set forth below : location type principal use square footage ownership santa clara , ca . . . . . . . . . . . office , plant & warehouse headquarters ; marketing ; manufacturing ; distribution ; research , development , engineering ; customer support 1358000 164000 leased austin , tx . . . . . . . . . . . . . . . office , plant & warehouse manufacturing 1676000 145000 leased rehovot , israel . . . . . . . . . . . office , plant & warehouse manufacturing ; research , development , engineering ; customer support 381000 leased singapore . . . . . . . . . . . . . . . office , plant & warehouse manufacturing and customer support 408000 11000 leased gloucester , ma . . . . . . . . . . . office , plant & warehouse manufacturing ; research , development , engineering ; customer support 315000 125000 leased tainan , taiwan . . . . . . . . . . . office , plant & warehouse manufacturing and customer support 320000 owned because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country . products in the silicon systems group are manufactured in austin , texas ; singapore ; gloucester , massachusetts ; and rehovot , israel . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display segment are manufactured in tainan , taiwan and santa clara , california . products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany ; treviso , italy ; and cheseaux , switzerland . in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 75 locations throughout the world : 16 in europe , 20 in japan , 16 in north america ( principally the united states ) , 7 in china , 3 in india , 7 in korea , 3 in southeast asia , and 3 in taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and/or customer support . applied also owns a total of approximately 150 acres of buildable land in texas , california , massachusetts , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
Table
location | type | principal use | squarefootage | ownership
santa clara ca | office plant & warehouse | headquarters ; marketing ; manufacturing ; distribution ; research developmentengineering ; customer support | 1358000164000 | ownedleased
austin tx | office plant & warehouse | manufacturing | 1676000145000 | ownedleased
rehovot israel | office plant & warehouse | manufacturing ; researchdevelopment engineering;customer support | 3810005400 | ownedleased
singapore | office plant & warehouse | manufacturing andcustomer support | 40800011000 | ownedleased
gloucester ma | office plant & warehouse | manufacturing ; researchdevelopment engineering;customer support | 315000125000 | ownedleased
tainan taiwan | office plant & warehouse | manufacturing andcustomer support | 320000 | owned
item 2 : properties information concerning applied 2019s principal properties at october 26 , 2014 is set forth below : location type principal use square footage ownership santa clara , ca . . . . . . . . . . . office , plant & warehouse headquarters ; marketing ; manufacturing ; distribution ; research , development , engineering ; customer support 1358000 164000 leased austin , tx . . . . . . . . . . . . . . . office , plant & warehouse manufacturing 1676000 145000 leased rehovot , israel . . . . . . . . . . . office , plant & warehouse manufacturing ; research , development , engineering ; customer support 381000 leased singapore . . . . . . . . . . . . . . . office , plant & warehouse manufacturing and customer support 408000 11000 leased gloucester , ma . . . . . . . . . . . office , plant & warehouse manufacturing ; research , development , engineering ; customer support 315000 125000 leased tainan , taiwan . . . . . . . . . . . office , plant & warehouse manufacturing and customer support 320000 owned because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country . products in the silicon systems group are manufactured in austin , texas ; singapore ; gloucester , massachusetts ; and rehovot , israel . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display segment are manufactured in tainan , taiwan and santa clara , california . products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany ; treviso , italy ; and cheseaux , switzerland . in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 75 locations throughout the world : 16 in europe , 20 in japan , 16 in north america ( principally the united states ) , 7 in china , 3 in india , 7 in korea , 3 in southeast asia , and 3 in taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and/or customer support . applied also owns a total of approximately 150 acres of buildable land in texas , california , massachusetts , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
Question:
what percentage of warehouse locations are in north america?
Important information:
text_75: products in the silicon systems group are manufactured in austin , texas ; singapore ; gloucester , massachusetts ; and rehovot , israel .
text_79: in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 75 locations throughout the world : 16 in europe , 20 in japan , 16 in north america ( principally the united states ) , 7 in china , 3 in india , 7 in korea , 3 in southeast asia , and 3 in taiwan .
text_163: in addition to the above properties , applied also owns and leases offices , plants and/or warehouse locations in 75 locations throughout the world : 16 in europe , 20 in japan , 16 in north america ( principally the united states ) , 7 in china , 3 in india , 7 in korea , 3 in southeast asia , and 3 in taiwan .
Reasoning Steps:
Step: divide1-1(16, 75) = 21.3%
Program:
divide(16, 75)
Program (Nested):
divide(16, 75)
| finqa57 |
at december 31 , 2006 what was the ratio of the expected future pension benefits after 2012 compared to 2008
Important information:
table_2: ( in millions ) the 2008 of pensionbenefits is 1490 ; the 2008 of otherbenefits is 260 ;
text_4: the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million .
text_9: future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) .
Reasoning Steps:
Step: divide1-1(9530, 1490) = 6.4
Program:
divide(9530, 1490)
Program (Nested):
divide(9530, 1490)
| 6.39597 | 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 defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 . in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments . the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits .
Table
( in millions ) | pensionbenefits | otherbenefits
2007 | $ 1440 | $ 260
2008 | 1490 | 260
2009 | 1540 | 270
2010 | 1600 | 270
2011 | 1660 | 270
years 2012 2013 2016 | 9530 | 1260
as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits . the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million . the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 . we also sponsor a small number of foreign benefit plans . the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows . note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively . future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) . certain major plant facilities and equipment are furnished by the u.s . government under short-term or cancelable arrangements . note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole . we cannot predict the outcome of legal proceedings with certainty . these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio . the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology . we are cooperating with the government 2019s investigation . on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california . we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program . the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s . air force , as authorized by public law 85-804 . on august 31 , 2004 , the united states denied the claim . our appeal of that decision is pending with the armed services board of contract appeals . on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel . natural resources defense council , et al v . lockheed martin corporation , et al , and united states ex rel . john d . tillson v . lockheed martin energy systems , inc. , et al . the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing .
Question:
at december 31 , 2006 what was the ratio of the expected future pension benefits after 2012 compared to 2008
Important information:
table_2: ( in millions ) the 2008 of pensionbenefits is 1490 ; the 2008 of otherbenefits is 260 ;
text_4: the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million .
text_9: future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) .
Reasoning Steps:
Step: divide1-1(9530, 1490) = 6.4
Program:
divide(9530, 1490)
Program (Nested):
divide(9530, 1490)
| finqa58 |
what are the cost reduction initiatives as a percentage of the operating companies income increase?
Important information:
text_12: operating companies income increased $ 119 million ( 2.1% ( 2.1 % ) ) , due primarily to higher net pricing ( $ 831 million ) , which includes higher promotional investments , marketing , administration , and research savings reflecting cost reduction initiatives ( $ 198 million ) and 2010 implementation costs related to the closure of the cabarrus , north carolina manufacturing facility ( $ 75 million ) , partially offset by lower volume ( $ 527 million ) , higher asset impairment and exit costs due primarily to the 2011 cost reduction program ( $ 158 million ) , higher per unit settlement charges ( $ 120 million ) , higher charges related to tobacco and health judgments ( $ 87 million ) and higher fda user fees ( $ 73 million ) .
text_32: smokeless products segment the smokeless products segment's operating companies income grew during 2012 driven by higher pricing , copenhagen and skoal's combined volume and retail share performance and effective cost management .
text_33: the following table summarizes smokeless products segment shipment volume performance : shipment volume for the years ended december 31 .
Reasoning Steps:
Step: divide2-1(198, 119) = 166%
Program:
divide(198, 119)
Program (Nested):
divide(198, 119)
| 1.66387 | 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:
middleton's reported cigars shipment volume for 2012 decreased 0.7% ( 0.7 % ) due primarily to changes in trade inventories , partially offset by volume growth as a result of retail share gains . in the cigarette category , marlboro's 2012 retail share performance continued to benefit from the brand-building initiatives supporting marlboro's new architecture . marlboro's retail share for 2012 increased 0.6 share points versus 2011 to 42.6% ( 42.6 % ) . in january 2013 , pm usa expanded distribution of marlboro southern cut nationally . marlboro southern cut is part of the marlboro gold family . pm usa's 2012 retail share increased 0.8 share points versus 2011 , reflecting retail share gains by marlboro and by l&m in discount . these gains were partially offset by share losses on other portfolio brands . in the machine-made large cigars category , black & mild's retail share for 2012 increased 0.5 share points . the brand benefited from new untipped cigarillo varieties that were introduced in 2011 , black & mild seasonal offerings and the 2012 third-quarter introduction of black & mild jazz untipped cigarillos into select geographies . in december 2012 , middleton announced plans to launch nationally black & mild jazz cigars in both plastic tip and wood tip in the first quarter of 2013 . the following discussion compares smokeable products segment results for the year ended december 31 , 2011 with the year ended december 31 , 2010 . net revenues , which include excise taxes billed to customers , decreased $ 221 million ( 1.0% ( 1.0 % ) ) due to lower shipment volume ( $ 1051 million ) , partially offset by higher net pricing ( $ 830 million ) , which includes higher promotional investments . operating companies income increased $ 119 million ( 2.1% ( 2.1 % ) ) , due primarily to higher net pricing ( $ 831 million ) , which includes higher promotional investments , marketing , administration , and research savings reflecting cost reduction initiatives ( $ 198 million ) and 2010 implementation costs related to the closure of the cabarrus , north carolina manufacturing facility ( $ 75 million ) , partially offset by lower volume ( $ 527 million ) , higher asset impairment and exit costs due primarily to the 2011 cost reduction program ( $ 158 million ) , higher per unit settlement charges ( $ 120 million ) , higher charges related to tobacco and health judgments ( $ 87 million ) and higher fda user fees ( $ 73 million ) . for 2011 , total smokeable products shipment volume decreased 4.0% ( 4.0 % ) versus 2010 . pm usa's reported domestic cigarettes shipment volume declined 4.0% ( 4.0 % ) versus 2010 due primarily to retail share losses and one less shipping day , partially offset by changes in trade inventories . after adjusting for changes in trade inventories and one less shipping day , pm usa's 2011 domestic cigarette shipment volume was estimated to be down approximately 4% ( 4 % ) versus 2010 . pm usa believes that total cigarette category volume for 2011 decreased approximately 3.5% ( 3.5 % ) versus 2010 , when adjusted primarily for changes in trade inventories and one less shipping day . pm usa's total premium brands ( marlboro and other premium brands ) shipment volume decreased 4.3% ( 4.3 % ) . marlboro's shipment volume decreased 3.8% ( 3.8 % ) versus 2010 . in the discount brands , pm usa's shipment volume decreased 0.9% ( 0.9 % ) . pm usa's shipments of premium cigarettes accounted for 93.7% ( 93.7 % ) of its reported domestic cigarettes shipment volume for 2011 , down from 93.9% ( 93.9 % ) in 2010 . middleton's 2011 reported cigars shipment volume was unchanged versus 2010 . for 2011 , pm usa's retail share of the cigarette category declined 0.8 share points to 49.0% ( 49.0 % ) due primarily to retail share losses on marlboro . marlboro's 2011 retail share decreased 0.6 share points . in 2010 , marlboro delivered record full-year retail share results that were achieved at lower margin levels . middleton retained a leading share of the tipped cigarillo segment of the machine-made large cigars category , with a retail share of approximately 84% ( 84 % ) in 2011 . for 2011 , middleton's retail share of the cigar category increased 0.3 share points to 29.7% ( 29.7 % ) versus 2010 . black & mild's 2011 retail share increased 0.5 share points , as the brand benefited from new product introductions . during the fourth quarter of 2011 , middleton broadened its untipped cigarillo portfolio with new aroma wrap 2122 foil pouch packaging that accompanied the national introduction of black & mild wine . this new fourth- quarter packaging roll-out also included black & mild sweets and classic varieties . during the second quarter of 2011 , middleton entered into a contract manufacturing arrangement to source the production of a portion of its cigars overseas . middleton entered into this arrangement to access additional production capacity in an uncertain competitive environment and an excise tax environment that potentially benefits imported large cigars over those manufactured domestically . smokeless products segment the smokeless products segment's operating companies income grew during 2012 driven by higher pricing , copenhagen and skoal's combined volume and retail share performance and effective cost management . the following table summarizes smokeless products segment shipment volume performance : shipment volume for the years ended december 31 .
Table
( cans and packs in millions ) | shipment volumefor the years ended december 31 , 2012 | shipment volumefor the years ended december 31 , 2011 | shipment volumefor the years ended december 31 , 2010
copenhagen | 392.5 | 354.2 | 327.5
skoal | 288.4 | 286.8 | 274.4
copenhagenandskoal | 680.9 | 641.0 | 601.9
other | 82.4 | 93.6 | 122.5
total smokeless products | 763.3 | 734.6 | 724.4
volume includes cans and packs sold , as well as promotional units , but excludes international volume , which is not material to the smokeless products segment . other includes certain usstc and pm usa smokeless products . new types of smokeless products , as well as new packaging configurations .
Question:
what are the cost reduction initiatives as a percentage of the operating companies income increase?
Important information:
text_12: operating companies income increased $ 119 million ( 2.1% ( 2.1 % ) ) , due primarily to higher net pricing ( $ 831 million ) , which includes higher promotional investments , marketing , administration , and research savings reflecting cost reduction initiatives ( $ 198 million ) and 2010 implementation costs related to the closure of the cabarrus , north carolina manufacturing facility ( $ 75 million ) , partially offset by lower volume ( $ 527 million ) , higher asset impairment and exit costs due primarily to the 2011 cost reduction program ( $ 158 million ) , higher per unit settlement charges ( $ 120 million ) , higher charges related to tobacco and health judgments ( $ 87 million ) and higher fda user fees ( $ 73 million ) .
text_32: smokeless products segment the smokeless products segment's operating companies income grew during 2012 driven by higher pricing , copenhagen and skoal's combined volume and retail share performance and effective cost management .
text_33: the following table summarizes smokeless products segment shipment volume performance : shipment volume for the years ended december 31 .
Reasoning Steps:
Step: divide2-1(198, 119) = 166%
Program:
divide(198, 119)
Program (Nested):
divide(198, 119)
| finqa59 |
what was change in millions for the estimated sensitivity to a one basis point increase in credit spreads on derivatives ( including hedges ) between 2017 and 2016?
Important information:
text_13: the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million and $ 2 million ( including hedges ) as of december 2017 and december 2016 , respectively .
text_14: in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 35 million and $ 25 million as of december 2017 and december 2016 , respectively .
text_18: as of december 2017 and december 2016 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 527 million and $ 405 million , respectively , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans .
Reasoning Steps:
Step: minus2-1(3, 2) = 1
Program:
subtract(3, 2)
Program (Nested):
subtract(3, 2)
| 1.0 | 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 goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure . other sensitivity measures we use to analyze market risk are described below . 10% ( 10 % ) sensitivity measures . the table below presents market risk for positions , accounted for at fair value , that are not included in var by asset category. .
Table
$ in millions | as of december 2017 | as of december 2016 | as of december 2015
equity | $ 2096 | $ 2085 | $ 2157
debt | 1606 | 1702 | 1479
total | $ 3702 | $ 3787 | $ 3636
in the table above : 2030 the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the value of these positions . 2030 equity positions relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds . 2030 debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans . 2030 equity and debt funded positions are included in our consolidated statements of financial condition in financial instruments owned . see note 6 to the consolidated financial statements for further information about cash instruments . 2030 these measures do not reflect the diversification effect across asset categories or across other market risk measures . credit spread sensitivity on derivatives and financial liabilities . var excludes the impact of changes in counterparty and our own credit spreads on derivatives , as well as changes in our own credit spreads ( debt valuation adjustment ) on financial liabilities for which the fair value option was elected . the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million and $ 2 million ( including hedges ) as of december 2017 and december 2016 , respectively . in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 35 million and $ 25 million as of december 2017 and december 2016 , respectively . however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those financial liabilities for which the fair value option was elected , as well as the relative performance of any hedges undertaken . interest rate sensitivity . loans receivable as of december 2017 and december 2016 were $ 65.93 billion and $ 49.67 billion , respectively , substantially all of which had floating interest rates . as of december 2017 and december 2016 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 527 million and $ 405 million , respectively , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans . see note 9 to the consolidated financial statements for further information about loans receivable . other market risk considerations as of december 2017 and december 2016 , we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group , inc . see note 18 to the consolidated financial statements for further information about such lending commitments . in addition , we make investments in securities that are accounted for as available-for-sale and included in financial instruments owned in the consolidated statements of financial condition . see note 6 to the consolidated financial statements for further information . we also make investments accounted for under the equity method and we also make direct investments in real estate , both of which are included in other assets . direct investments in real estate are accounted for at cost less accumulated depreciation . see note 13 to the consolidated financial statements for further information about other assets . goldman sachs 2017 form 10-k 93 .
Question:
what was change in millions for the estimated sensitivity to a one basis point increase in credit spreads on derivatives ( including hedges ) between 2017 and 2016?
Important information:
text_13: the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million and $ 2 million ( including hedges ) as of december 2017 and december 2016 , respectively .
text_14: in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 35 million and $ 25 million as of december 2017 and december 2016 , respectively .
text_18: as of december 2017 and december 2016 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 527 million and $ 405 million , respectively , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans .
Reasoning Steps:
Step: minus2-1(3, 2) = 1
Program:
subtract(3, 2)
Program (Nested):
subtract(3, 2)
| finqa60 |
what percentage of the total cash purchase price net of cash acquired was represented by ipr&d?
Important information:
table_3: current assets the ipr&d of $ 28.1 is 190.0 ;
table_7: current assets the total cash purchase price of $ 28.1 is 348.0 ;
table_9: current assets the total cash purchase price net of cash acquired of $ 28.1 is $ 320.1 ;
Reasoning Steps:
Step: divide2-1(190.0, 320.1) = 59%
Program:
divide(190.0, 320.1)
Program (Nested):
divide(190.0, 320.1)
| 0.59356 | 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 ) 7 . acquisitions ( continued ) was recorded to goodwill . the following table summarizes the fair values of the assets acquired and liabilities assumed ( in millions ) : .
Table
current assets | $ 28.1
property and equipment net | 0.2
goodwill | 258.9
ipr&d | 190.0
current liabilities assumed | -32.9 ( 32.9 )
deferred income taxes | -66.0 ( 66.0 )
contingent consideration | -30.3 ( 30.3 )
total cash purchase price | 348.0
less : cash acquired | -27.9 ( 27.9 )
total cash purchase price net of cash acquired | $ 320.1
goodwill includes expected synergies and other benefits the company believes will result from the acquisition . goodwill was assigned to the company 2019s united states segment and is not deductible for tax purposes . ipr&d has been capitalized at fair value as an intangible asset with an indefinite life and will be assessed for impairment in subsequent periods . the fair value of the ipr&d was determined using the income approach . this approach determines fair value based on cash flow projections which are discounted to present value using a risk-adjusted rate of return . the discount rate used to determine the fair value of the ipr&d was 16.5% ( 16.5 % ) . completion of successful design developments , bench testing , pre-clinical studies and human clinical studies are required prior to selling any product . the risks and uncertainties associated with completing development within a reasonable period of time include those related to the design , development , and manufacturability of the product , the success of pre-clinical and clinical studies , and the timing of regulatory approvals . the valuation assumed $ 97.7 million of additional research and development expenditures would be incurred prior to the date of product introduction , and the company does not currently anticipate significant changes to forecasted research and development expenditures associated with the cardiaq program . the company 2019s valuation model also assumed net cash inflows would commence in late 2018 , if successful clinical trial experiences lead to a ce mark approval . upon completion of development , the underlying research and development intangible asset will be amortized over its estimated useful life . the company disclosed in early february 2017 that it had voluntarily paused enrollment in its clinical trials for the edwards-cardiaq valve to perform further design validation testing on a feature of the valve . this testing has been completed and , in collaboration with clinical investigators , the company has decided to resume screening patients for enrollment in its clinical trials . the results of operations for cardiaq have been included in the accompanying consolidated financial statements from the date of acquisition . pro forma results have not been presented as the results of cardiaq are not material in relation to the consolidated financial statements of the company . 8 . goodwill and other intangible assets on july 3 , 2015 , the company acquired cardiaq ( see note 7 ) . this transaction resulted in an increase to goodwill of $ 258.9 million and ipr&d of $ 190.0 million. .
Question:
what percentage of the total cash purchase price net of cash acquired was represented by ipr&d?
Important information:
table_3: current assets the ipr&d of $ 28.1 is 190.0 ;
table_7: current assets the total cash purchase price of $ 28.1 is 348.0 ;
table_9: current assets the total cash purchase price net of cash acquired of $ 28.1 is $ 320.1 ;
Reasoning Steps:
Step: divide2-1(190.0, 320.1) = 59%
Program:
divide(190.0, 320.1)
Program (Nested):
divide(190.0, 320.1)
| finqa61 |
by how much did the average price per share increase from 2010 to 2011?
Important information:
table_1: the 2012 of total cost of shares purchased is $ 971883 ; the 2012 of total number of shares purchased is 14087.8 ; the 2012 of average price paid per share is $ 68.99 ;
table_2: the 2011 of total cost of shares purchased is $ 2997688 ; the 2011 of total number of shares purchased is 36940.4 ; the 2011 of average price paid per share is $ 81.15 ;
table_3: the 2010 of total cost of shares purchased is $ 1716675 ; the 2010 of total number of shares purchased is 26624.8 ; the 2010 of average price paid per share is $ 64.48 ;
Reasoning Steps:
Step: minus2-1(81.15, 64.48) = 16.67
Step: divide2-2(#0, 64.48) = 25.9%
Program:
subtract(81.15, 64.48), divide(#0, 64.48)
Program (Nested):
divide(subtract(81.15, 64.48), 64.48)
| 0.25853 | 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 the fourth quarter of 2010 , schlumberger issued 20ac1.0 billion 2.75% ( 2.75 % ) guaranteed notes due under this program . schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity , effectively making this a us denominated debt on which schlumberger will pay interest in us dollars at a rate of 2.56% ( 2.56 % ) . during the first quarter of 2009 , schlumberger issued 20ac1.0 billion 4.50% ( 4.50 % ) guaranteed notes due 2014 under this program . schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity , effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.95% ( 4.95 % ) . 0160 on april 17 , 2008 , the schlumberger board of directors approved an $ 8 billion share repurchase program for shares of schlumberger common stock , to be acquired in the open market before december 31 , 2011 . on july 21 , 2011 , the schlumberger board of directors approved an extension of this repurchase program to december 31 , 2013 . schlumberger had repurchased $ 7.12 billion of shares under this program as of december 31 , 2012 . the following table summarizes the activity under this share repurchase program during 2012 , 2011 and 2010 : ( stated in thousands except per share amounts ) total cost of shares purchased total number of shares purchased average price paid per share .
Table
| total cost of shares purchased | total number of shares purchased | average price paid per share
2012 | $ 971883 | 14087.8 | $ 68.99
2011 | $ 2997688 | 36940.4 | $ 81.15
2010 | $ 1716675 | 26624.8 | $ 64.48
0160 cash flow provided by operations was $ 6.8 billion in 2012 , $ 6.1 billion in 2011 and $ 5.5 billion in 2010 . in recent years , schlumberger has actively managed its activity levels in venezuela relative to its accounts receivable balance , and has recently experienced an increased delay in payment from its national oil company customer there . schlumberger operates in approximately 85 countries . at december 31 , 2012 , only five of those countries ( including venezuela ) individually accounted for greater than 5% ( 5 % ) of schlumberger 2019s accounts receivable balance of which only one , the united states , represented greater than 10% ( 10 % ) . 0160 dividends paid during 2012 , 2011 and 2010 were $ 1.43 billion , $ 1.30 billion and $ 1.04 billion , respectively . on january 17 , 2013 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 13.6% ( 13.6 % ) , to $ 0.3125 . on january 19 , 2012 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 10% ( 10 % ) , to $ 0.275 . on january 21 , 2011 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 19% ( 19 % ) , to $ 0.25 . 0160 capital expenditures were $ 4.7 billion in 2012 , $ 4.0 billion in 2011 and $ 2.9 billion in 2010 . capital expenditures are expected to approach $ 3.9 billion for the full year 2013 . 0160 during 2012 , 2011 and 2010 schlumberger made contributions of $ 673 million , $ 601 million and $ 868 million , respectively , to its postretirement benefit plans . the us pension plans were 82% ( 82 % ) funded at december 31 , 2012 based on the projected benefit obligation . this compares to 87% ( 87 % ) funded at december 31 , 2011 . schlumberger 2019s international defined benefit pension plans are a combined 88% ( 88 % ) funded at december 31 , 2012 based on the projected benefit obligation . this compares to 88% ( 88 % ) funded at december 31 , 2011 . schlumberger currently anticipates contributing approximately $ 650 million to its postretirement benefit plans in 2013 , subject to market and business conditions . 0160 there were $ 321 million outstanding series b debentures at december 31 , 2009 . during 2010 , the remaining $ 320 million of the 2.125% ( 2.125 % ) series b convertible debentures due june 1 , 2023 were converted by holders into 8.0 million shares of schlumberger common stock and the remaining $ 1 million of outstanding series b debentures were redeemed for cash. .
Question:
by how much did the average price per share increase from 2010 to 2011?
Important information:
table_1: the 2012 of total cost of shares purchased is $ 971883 ; the 2012 of total number of shares purchased is 14087.8 ; the 2012 of average price paid per share is $ 68.99 ;
table_2: the 2011 of total cost of shares purchased is $ 2997688 ; the 2011 of total number of shares purchased is 36940.4 ; the 2011 of average price paid per share is $ 81.15 ;
table_3: the 2010 of total cost of shares purchased is $ 1716675 ; the 2010 of total number of shares purchased is 26624.8 ; the 2010 of average price paid per share is $ 64.48 ;
Reasoning Steps:
Step: minus2-1(81.15, 64.48) = 16.67
Step: divide2-2(#0, 64.48) = 25.9%
Program:
subtract(81.15, 64.48), divide(#0, 64.48)
Program (Nested):
divide(subtract(81.15, 64.48), 64.48)
| finqa62 |
what portion of the total notes payable comes from u.s . commercial paper?
Important information:
table_1: in millions the u.s . commercial paper of may 27 2012 notes payable is $ 412.0 ; the u.s . commercial paper of may 27 2012 weighted- average interest rate is 0.2% ( 0.2 % ) ; the u.s . commercial paper of may 27 2012 notespayable is $ 192.5 ; the u.s . commercial paper of weighted-averageinterest rate is 0.2% ( 0.2 % ) ;
table_2: in millions the financial institutions of may 27 2012 notes payable is 114.5 ; the financial institutions of may 27 2012 weighted- average interest rate is 10.0 ; the financial institutions of may 27 2012 notespayable is 118.8 ; the financial institutions of weighted-averageinterest rate is 11.5 ;
table_3: in millions the total of may 27 2012 notes payable is $ 526.5 ; the total of may 27 2012 weighted- average interest rate is 2.4% ( 2.4 % ) ; the total of may 27 2012 notespayable is $ 311.3 ; the total of weighted-averageinterest rate is 4.5% ( 4.5 % ) ;
Reasoning Steps:
Step: divide2-1(412.0, 526.5) = 78.3%
Program:
divide(412.0, 526.5)
Program (Nested):
divide(412.0, 526.5)
| 0.78253 | 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:
62 general mills amounts recorded in accumulated other comprehensive loss unrealized losses from interest rate cash flow hedges recorded in aoci as of may 27 , 2012 , totaled $ 73.6 million after tax . these deferred losses are primarily related to interest rate swaps that we entered into in contemplation of future borrowings and other financ- ing requirements and that are being reclassified into net interest over the lives of the hedged forecasted transac- tions . unrealized losses from foreign currency cash flow hedges recorded in aoci as of may 27 , 2012 , were $ 1.7 million after-tax . the net amount of pre-tax gains and losses in aoci as of may 27 , 2012 , that we expect to be reclassified into net earnings within the next 12 months is $ 14.0 million of expense . credit-risk-related contingent features certain of our derivative instruments contain provisions that require us to maintain an investment grade credit rating on our debt from each of the major credit rat- ing agencies . if our debt were to fall below investment grade , the counterparties to the derivative instruments could request full collateralization on derivative instru- ments in net liability positions . the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on may 27 , 2012 , was $ 19.9 million . we have posted col- lateral of $ 4.3 million in the normal course of business associated with these contracts . if the credit-risk-related contingent features underlying these agreements had been triggered on may 27 , 2012 , we would have been required to post an additional $ 15.6 million of collateral to counterparties . concentrations of credit and counterparty credit risk during fiscal 2012 , wal-mart stores , inc . and its affili- ates ( wal-mart ) accounted for 22 percent of our con- solidated net sales and 30 percent of our net sales in the u.s . retail segment . no other customer accounted for 10 percent or more of our consolidated net sales . wal- mart also represented 6 percent of our net sales in the international segment and 7 percent of our net sales in the bakeries and foodservice segment . as of may 27 , 2012 , wal-mart accounted for 26 percent of our u.s . retail receivables , 5 percent of our international receiv- ables , and 9 percent of our bakeries and foodservice receivables . the five largest customers in our u.s . retail segment accounted for 54 percent of its fiscal 2012 net sales , the five largest customers in our international segment accounted for 26 percent of its fiscal 2012 net sales , and the five largest customers in our bakeries and foodservice segment accounted for 46 percent of its fis- cal 2012 net sales . we enter into interest rate , foreign exchange , and cer- tain commodity and equity derivatives , primarily with a diversified group of highly rated counterparties . we continually monitor our positions and the credit rat- ings of the counterparties involved and , by policy , limit the amount of credit exposure to any one party . these transactions may expose us to potential losses due to the risk of nonperformance by these counterparties ; however , we have not incurred a material loss . we also enter into commodity futures transactions through vari- ous regulated exchanges . the amount of loss due to the credit risk of the coun- terparties , should the counterparties fail to perform according to the terms of the contracts , is $ 19.5 million against which we do not hold collateral . under the terms of master swap agreements , some of our transactions require collateral or other security to support financial instruments subject to threshold levels of exposure and counterparty credit risk . collateral assets are either cash or u.s . treasury instruments and are held in a trust account that we may access if the counterparty defaults . note 8 . debt notes payable the components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows: .
Table
in millions | may 27 2012 notes payable | may 27 2012 weighted- average interest rate | may 27 2012 notespayable | weighted-averageinterest rate
u.s . commercial paper | $ 412.0 | 0.2% ( 0.2 % ) | $ 192.5 | 0.2% ( 0.2 % )
financial institutions | 114.5 | 10.0 | 118.8 | 11.5
total | $ 526.5 | 2.4% ( 2.4 % ) | $ 311.3 | 4.5% ( 4.5 % )
to ensure availability of funds , we maintain bank credit lines sufficient to cover our outstanding short- term borrowings . commercial paper is a continuing source of short-term financing . we have commercial paper programs available to us in the united states and europe . in april 2012 , we entered into fee-paid commit- ted credit lines , consisting of a $ 1.0 billion facility sched- uled to expire in april 2015 and a $ 1.7 billion facility .
Question:
what portion of the total notes payable comes from u.s . commercial paper?
Important information:
table_1: in millions the u.s . commercial paper of may 27 2012 notes payable is $ 412.0 ; the u.s . commercial paper of may 27 2012 weighted- average interest rate is 0.2% ( 0.2 % ) ; the u.s . commercial paper of may 27 2012 notespayable is $ 192.5 ; the u.s . commercial paper of weighted-averageinterest rate is 0.2% ( 0.2 % ) ;
table_2: in millions the financial institutions of may 27 2012 notes payable is 114.5 ; the financial institutions of may 27 2012 weighted- average interest rate is 10.0 ; the financial institutions of may 27 2012 notespayable is 118.8 ; the financial institutions of weighted-averageinterest rate is 11.5 ;
table_3: in millions the total of may 27 2012 notes payable is $ 526.5 ; the total of may 27 2012 weighted- average interest rate is 2.4% ( 2.4 % ) ; the total of may 27 2012 notespayable is $ 311.3 ; the total of weighted-averageinterest rate is 4.5% ( 4.5 % ) ;
Reasoning Steps:
Step: divide2-1(412.0, 526.5) = 78.3%
Program:
divide(412.0, 526.5)
Program (Nested):
divide(412.0, 526.5)
| finqa63 |
what is the growth rate of the net earnings attributable to pmi?
Important information:
text_6: basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .
table_1: ( in millions ) the net earnings attributable to pmi of for the years ended december 31 , 2017 is $ 6035 ; the net earnings attributable to pmi of for the years ended december 31 , 2016 is $ 6967 ; the net earnings attributable to pmi of for the years ended december 31 , 2015 is $ 6873 ;
table_3: ( in millions ) the net earnings for basic and diluted eps of for the years ended december 31 , 2017 is $ 6021 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2016 is $ 6948 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2015 is $ 6849 ;
Reasoning Steps:
Step: minus1-1(6035, 6967) = -932
Step: divide1-2(#0, 6967) = -13.4%
Program:
subtract(6035, 6967), divide(#0, 6967)
Program (Nested):
divide(subtract(6035, 6967), 6967)
| -0.13377 | 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 fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) 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 pmi | $ 6035 | $ 6967 | $ 6873
less distributed and undistributed earnings attributable to share-based payment awards | 14 | 19 | 24
net earnings for basic and diluted eps | $ 6021 | $ 6948 | $ 6849
weighted-average shares for basic eps | 1552 | 1551 | 1549
plus contingently issuable performance stock units ( psus ) | 1 | 2014 | 2014
weighted-average shares for diluted eps | 1553 | 1551 | 1549
for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .
Question:
what is the growth rate of the net earnings attributable to pmi?
Important information:
text_6: basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .
table_1: ( in millions ) the net earnings attributable to pmi of for the years ended december 31 , 2017 is $ 6035 ; the net earnings attributable to pmi of for the years ended december 31 , 2016 is $ 6967 ; the net earnings attributable to pmi of for the years ended december 31 , 2015 is $ 6873 ;
table_3: ( in millions ) the net earnings for basic and diluted eps of for the years ended december 31 , 2017 is $ 6021 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2016 is $ 6948 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2015 is $ 6849 ;
Reasoning Steps:
Step: minus1-1(6035, 6967) = -932
Step: divide1-2(#0, 6967) = -13.4%
Program:
subtract(6035, 6967), divide(#0, 6967)
Program (Nested):
divide(subtract(6035, 6967), 6967)
| finqa64 |
what percentage of december 31 , 2007 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were due to purchase obligations for the year of 2008?
Important information:
table_1: in millions the lease obligations of 2008 is $ 136 ; the lease obligations of 2009 is $ 116 ; the lease obligations of 2010 is $ 101 ; the lease obligations of 2011 is $ 84 ; the lease obligations of 2012 is $ 67 ; the lease obligations of thereafter is $ 92 ;
table_2: in millions the purchase obligations ( a ) of 2008 is 1953 ; the purchase obligations ( a ) of 2009 is 294 ; the purchase obligations ( a ) of 2010 is 261 ; the purchase obligations ( a ) of 2011 is 235 ; the purchase obligations ( a ) of 2012 is 212 ; the purchase obligations ( a ) of thereafter is 1480 ;
table_3: in millions the total of 2008 is $ 2089 ; the total of 2009 is $ 410 ; the total of 2010 is $ 362 ; the total of 2011 is $ 319 ; the total of 2012 is $ 279 ; the total of thereafter is $ 1572 ;
Reasoning Steps:
Step: divide1-1(1953, 2089) = 93%
Program:
divide(1953, 2089)
Program (Nested):
divide(1953, 2089)
| 0.9349 | 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:
settlements , and the expiration of statutes of limi- tation , the company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $ 365 million during the next twelve months , with no significant impact on earnings or cash tax payments . while the company believes that it is adequately accrued for possible audit adjust- ments , the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates . the company recorded an income tax provision for 2007 of $ 415 million , including a $ 41 million benefit related to the effective settlement of tax audits , and $ 8 million of other tax benefits . excluding the impact of special items , the tax provision was $ 423 million , or 30% ( 30 % ) of pre-tax earnings before minority interest . the company recorded an income tax provision for 2006 of $ 1.9 billion , consisting of a $ 1.6 billion deferred tax provision ( principally reflecting deferred taxes on the 2006 transformation plan forestland sales ) and a $ 300 million current tax provision . the provision also includes an $ 11 million provision related to a special tax adjustment . excluding the impact of special items , the tax provision was $ 272 million , or 29% ( 29 % ) of pre-tax earnings before minority interest . the company recorded an income tax benefit for 2005 of $ 407 million , including a $ 454 million net tax benefit related to a special tax adjustment , consisting of a tax benefit of $ 627 million resulting from an agreement reached with the u.s . internal revenue service concerning the 1997 through 2000 u.s . federal income tax audit , a $ 142 million charge for deferred taxes related to earnings repatriations under the american jobs creation act of 2004 , and $ 31 million of other tax charges . excluding the impact of special items , the tax provision was $ 83 million , or 20% ( 20 % ) of pre-tax earnings before minority interest . international paper has non-u.s . net operating loss carryforwards of approximately $ 352 million that expire as follows : 2008 through 2017 2014 $ 14 million and indefinite carryforwards of $ 338 million . interna- tional paper has tax benefits from net operating loss carryforwards for state taxing jurisdictions of approximately $ 258 million that expire as follows : 2008 through 2017 2014$ 83 million and 2018 through 2027 2014$ 175 million . international paper also has federal , non-u.s . and state tax credit carryforwards that expire as follows : 2008 through 2017 2014 $ 67 million , 2018 through 2027 2014 $ 92 million , and indefinite carryforwards 2014 $ 316 million . further , international paper has state capital loss carryfor- wards that expire as follows : 2008 through 2017 2014 $ 9 million . deferred income taxes are not provided for tempo- rary differences of approximately $ 3.7 billion , $ 2.7 billion and $ 2.4 billion as of december 31 , 2007 , 2006 and 2005 , respectively , representing earnings of non-u.s . subsidiaries intended to be permanently reinvested . computation of the potential deferred tax liability associated with these undistributed earnings and other basis differences is not practicable . note 10 commitments and contingent liabilities certain property , machinery and equipment are leased under cancelable and non-cancelable agree- ments . unconditional purchase obligations have been entered into in the ordinary course of business , prin- cipally for capital projects and the purchase of cer- tain pulpwood , wood chips , raw materials , energy and services , including fiber supply agreements to purchase pulpwood that were entered into con- currently with the 2006 transformation plan forest- land sales ( see note 7 ) . at december 31 , 2007 , total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows : in millions 2008 2009 2010 2011 2012 thereafter .
Table
in millions | 2008 | 2009 | 2010 | 2011 | 2012 | thereafter
lease obligations | $ 136 | $ 116 | $ 101 | $ 84 | $ 67 | $ 92
purchase obligations ( a ) | 1953 | 294 | 261 | 235 | 212 | 1480
total | $ 2089 | $ 410 | $ 362 | $ 319 | $ 279 | $ 1572
( a ) includes $ 2.1 billion relating to fiber supply agreements entered into at the time of the transformation plan forestland sales . rent expense was $ 168 million , $ 217 million and $ 216 million for 2007 , 2006 and 2005 , respectively . international paper entered into an agreement in 2000 to guarantee , for a fee , an unsecured con- tractual credit agreement between a financial institution and an unrelated third-party customer . in the fourth quarter of 2006 , the customer cancelled the agreement and paid the company a fee of $ 11 million , which is included in cost of products sold in the accompanying consolidated statement of oper- ations . the company has no future obligations under this agreement. .
Question:
what percentage of december 31 , 2007 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were due to purchase obligations for the year of 2008?
Important information:
table_1: in millions the lease obligations of 2008 is $ 136 ; the lease obligations of 2009 is $ 116 ; the lease obligations of 2010 is $ 101 ; the lease obligations of 2011 is $ 84 ; the lease obligations of 2012 is $ 67 ; the lease obligations of thereafter is $ 92 ;
table_2: in millions the purchase obligations ( a ) of 2008 is 1953 ; the purchase obligations ( a ) of 2009 is 294 ; the purchase obligations ( a ) of 2010 is 261 ; the purchase obligations ( a ) of 2011 is 235 ; the purchase obligations ( a ) of 2012 is 212 ; the purchase obligations ( a ) of thereafter is 1480 ;
table_3: in millions the total of 2008 is $ 2089 ; the total of 2009 is $ 410 ; the total of 2010 is $ 362 ; the total of 2011 is $ 319 ; the total of 2012 is $ 279 ; the total of thereafter is $ 1572 ;
Reasoning Steps:
Step: divide1-1(1953, 2089) = 93%
Program:
divide(1953, 2089)
Program (Nested):
divide(1953, 2089)
| finqa65 |
what is the percentage change in net comodities from 2016 to 2017?
Important information:
table_4: $ in millions the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ 1505 ; the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 2504 ;
table_9: $ in millions the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ -181 ( 181 ) ; the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 3 ;
table_11: $ in millions the commodities net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ 47 ; the commodities net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 73 ;
Reasoning Steps:
Step: minus2-1(47, 73) = -26
Step: divide2-2(#0, 73) = -35.6%
Program:
subtract(47, 73), divide(#0, 73)
Program (Nested):
divide(subtract(47, 73), 73)
| -0.35616 | 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 goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure . 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels . where the counterparty netting is across levels , the netting is included in cross-level counterparty netting . 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives . level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 .
Table
$ in millions | level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 | level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016
interest rates net | $ -410 ( 410 ) | $ -381 ( 381 )
correlation | ( 10 ) % ( % ) to 95% ( 95 % ) ( 71%/79% ( 71%/79 % ) ) | ( 10 ) % ( % ) to 86% ( 86 % ) ( 56%/60% ( 56%/60 % ) )
volatility ( bps ) | 31 to 150 ( 84/78 ) | 31 to 151 ( 84/57 )
credit net | $ 1505 | $ 2504
correlation | 28% ( 28 % ) to 84% ( 84 % ) ( 61%/60% ( 61%/60 % ) ) | 35% ( 35 % ) to 91% ( 91 % ) ( 65%/68% ( 65%/68 % ) )
credit spreads ( bps ) | 1 to 633 ( 69/42 ) | 1 to 993 ( 122/73 )
upfront credit points | 0 to 97 ( 42/38 ) | 0 to 100 ( 43/35 )
recovery rates | 22% ( 22 % ) to 73% ( 73 % ) ( 68%/73% ( 68%/73 % ) ) | 1% ( 1 % ) to 97% ( 97 % ) ( 58%/70% ( 58%/70 % ) )
currencies net | $ -181 ( 181 ) | $ 3
correlation | 49% ( 49 % ) to 72% ( 72 % ) ( 61%/62% ( 61%/62 % ) ) | 25% ( 25 % ) to 70% ( 70 % ) ( 50%/55% ( 50%/55 % ) )
commodities net | $ 47 | $ 73
volatility | 9% ( 9 % ) to 79% ( 79 % ) ( 24%/24% ( 24%/24 % ) ) | 13% ( 13 % ) to 68% ( 68 % ) ( 33%/33% ( 33%/33 % ) )
natural gas spread | $ ( 2.38 ) to $ 3.34 ( $ ( 0.22 ) /$ ( 0.12 ) ) | $ ( 1.81 ) to $ 4.33 ( $ ( 0.14 ) /$ ( 0.05 ) )
oil spread | $ ( 2.86 ) to $ 23.61 ( $ 6.47/$ 2.35 ) | $ ( 19.72 ) to $ 64.92 ( $ 25.30/$ 16.43 )
equities net | $ -1249 ( 1249 ) | $ -3416 ( 3416 )
correlation | ( 36 ) % ( % ) to 94% ( 94 % ) ( 50%/52% ( 50%/52 % ) ) | ( 39 ) % ( % ) to 88% ( 88 % ) ( 41%/41% ( 41%/41 % ) )
volatility | 4% ( 4 % ) to 72% ( 72 % ) ( 24%/22% ( 24%/22 % ) ) | 5% ( 5 % ) to 72% ( 72 % ) ( 24%/23% ( 24%/23 % ) )
in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative . 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments . an average greater than the median indicates that the majority of inputs are below the average . for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range . 2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative . for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative . accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives . 2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models . 2030 the fair value of any one instrument may be determined using multiple valuation techniques . for example , option pricing models and discounted cash flows models are typically used together to determine fair value . therefore , the level 3 balance encompasses both of these techniques . 2030 correlation within currencies and equities includes cross- product type correlation . 2030 natural gas spread represents the spread per million british thermal units of natural gas . 2030 oil spread represents the spread per barrel of oil and refined products . range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation . ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions . generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type . 2030 volatility . ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices . for example , volatility of equity indices is generally lower than volatility of single stocks . 2030 credit spreads , upfront credit points and recovery rates . the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) . the broad range of this population gives rise to the width of the ranges of significant unobservable inputs . 130 goldman sachs 2017 form 10-k .
Question:
what is the percentage change in net comodities from 2016 to 2017?
Important information:
table_4: $ in millions the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ 1505 ; the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 2504 ;
table_9: $ in millions the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ -181 ( 181 ) ; the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 3 ;
table_11: $ in millions the commodities net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ 47 ; the commodities net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 73 ;
Reasoning Steps:
Step: minus2-1(47, 73) = -26
Step: divide2-2(#0, 73) = -35.6%
Program:
subtract(47, 73), divide(#0, 73)
Program (Nested):
divide(subtract(47, 73), 73)
| finqa66 |
what the percentage increase defined contribution plans for foreign countries and contribution from 2007 to 2008
Important information:
text_0: notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) cash flows for 2010 , we expect to contribute $ 25.2 and $ 9.2 to our foreign pension plans and domestic pension plans , respectively .
text_15: expense includes a discretionary company contribution of $ 3.8 , $ 4.0 and $ 4.9 offset by participant forfeitures of $ 2.7 , $ 7.8 , $ 6.0 in 2009 , 2008 and 2007 , respectively .
text_16: in addition , we maintain defined contribution plans in various foreign countries and contributed $ 25.0 , $ 28.7 and $ 26.7 to these plans in 2009 , 2008 and 2007 , respectively .
Reasoning Steps:
Step: minus1-1(28.7, 26.7) = 2
Step: divide1-2(#0, 26.7) = 7.5%
Program:
subtract(28.7, 26.7), divide(#0, 26.7)
Program (Nested):
divide(subtract(28.7, 26.7), 26.7)
| 0.07491 | 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 ) cash flows for 2010 , we expect to contribute $ 25.2 and $ 9.2 to our foreign pension plans and domestic pension plans , respectively . a significant portion of our contributions to the foreign pension plans relate to the u.k . pension plan . additionally , we are in the process of modifying the schedule of employer contributions for the u.k . pension plan and we expect to finalize this during 2010 . as a result , we expect our contributions to our foreign pension plans to increase from current levels in 2010 and subsequent years . during 2009 , we contributed $ 31.9 to our foreign pension plans and contributions to the domestic pension plan were negligible . the following estimated future benefit payments , which reflect future service , as appropriate , are expected to be paid in the years indicated below . domestic pension plans foreign pension plans postretirement benefit plans .
Table
years | domestic pension plans | foreign pension plans | postretirement benefit plans
2010 | $ 17.2 | $ 23.5 | $ 5.8
2011 | 11.1 | 24.7 | 5.7
2012 | 10.8 | 26.4 | 5.7
2013 | 10.5 | 28.2 | 5.6
2014 | 10.5 | 32.4 | 5.5
2015 2013 2019 | 48.5 | 175.3 | 24.8
the estimated future payments for our postretirement benefit plans are before any estimated federal subsidies expected to be received under the medicare prescription drug , improvement and modernization act of 2003 . federal subsidies are estimated to range from $ 0.5 in 2010 to $ 0.6 in 2014 and are estimated to be $ 2.4 for the period 2015-2019 . savings plans we sponsor defined contribution plans ( the 201csavings plans 201d ) that cover substantially all domestic employees . the savings plans permit participants to make contributions on a pre-tax and/or after-tax basis and allows participants to choose among various investment alternatives . we match a portion of participant contributions based upon their years of service . amounts expensed for the savings plans for 2009 , 2008 and 2007 were $ 35.1 , $ 29.6 and $ 31.4 , respectively . expense includes a discretionary company contribution of $ 3.8 , $ 4.0 and $ 4.9 offset by participant forfeitures of $ 2.7 , $ 7.8 , $ 6.0 in 2009 , 2008 and 2007 , respectively . in addition , we maintain defined contribution plans in various foreign countries and contributed $ 25.0 , $ 28.7 and $ 26.7 to these plans in 2009 , 2008 and 2007 , respectively . deferred compensation and benefit arrangements we have deferred compensation arrangements which ( i ) permit certain of our key officers and employees to defer a portion of their salary or incentive compensation , or ( ii ) require us to contribute an amount to the participant 2019s account . the arrangements typically provide that the participant will receive the amounts deferred plus interest upon attaining certain conditions , such as completing a certain number of years of service or upon retirement or termination . as of december 31 , 2009 and 2008 , the deferred compensation liability balance was $ 100.3 and $ 107.6 , respectively . amounts expensed for deferred compensation arrangements in 2009 , 2008 and 2007 were $ 11.6 , $ 5.7 and $ 11.9 , respectively . we have deferred benefit arrangements with certain key officers and employees that provide participants with an annual payment , payable when the participant attains a certain age and after the participant 2019s employment has terminated . the deferred benefit liability was $ 178.2 and $ 182.1 as of december 31 , 2009 and 2008 , respectively . amounts expensed for deferred benefit arrangements in 2009 , 2008 and 2007 were $ 12.0 , $ 14.9 and $ 15.5 , respectively . we have purchased life insurance policies on participants 2019 lives to assist in the funding of the related deferred compensation and deferred benefit liabilities . as of december 31 , 2009 and 2008 , the cash surrender value of these policies was $ 119.4 and $ 100.2 , respectively . in addition to the life insurance policies , certain investments are held for the purpose of paying the deferred compensation and deferred benefit liabilities . these investments , along with the life insurance policies , are held in a separate revocable trust for the purpose of paying the deferred compensation and the deferred benefit .
Question:
what the percentage increase defined contribution plans for foreign countries and contribution from 2007 to 2008
Important information:
text_0: notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) cash flows for 2010 , we expect to contribute $ 25.2 and $ 9.2 to our foreign pension plans and domestic pension plans , respectively .
text_15: expense includes a discretionary company contribution of $ 3.8 , $ 4.0 and $ 4.9 offset by participant forfeitures of $ 2.7 , $ 7.8 , $ 6.0 in 2009 , 2008 and 2007 , respectively .
text_16: in addition , we maintain defined contribution plans in various foreign countries and contributed $ 25.0 , $ 28.7 and $ 26.7 to these plans in 2009 , 2008 and 2007 , respectively .
Reasoning Steps:
Step: minus1-1(28.7, 26.7) = 2
Step: divide1-2(#0, 26.7) = 7.5%
Program:
subtract(28.7, 26.7), divide(#0, 26.7)
Program (Nested):
divide(subtract(28.7, 26.7), 26.7)
| finqa67 |
what are the total contingent payments relating to impella?
Important information:
table_0: balance at march 31 2008 the balance at march 31 2008 of $ 168 is $ 168 ;
table_2: balance at march 31 2008 the balance at march 31 2009 of $ 168 is $ 2014 ;
text_28: commitments and contingencies the company 2019s acquisition of impella provided that abiomed was required to make contingent payments to impella 2019s former shareholders as follows : 2022 upon fda approval of the impella 2.5 device , a payment of $ 5583333 2022 upon fda approval of the impella 5.0 device , a payment of $ 5583333 , and 2022 upon the sale of 1000 units of impella 2019s products worldwide , a payment of $ 5583334 .
Reasoning Steps:
Step: multiply1-1(5583334, const_3) = 5583331
Program:
multiply(5583334, const_3)
Program (Nested):
multiply(5583334, const_3)
| 16750002.0 | 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:
abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 14 . income taxes ( continued ) on april 1 , 2007 , the company adopted financial interpretation fin no . 48 , accounting for uncertainty in income taxes 2014an interpretation of fasb statement no . 109 ( 201cfin no . 48 201d ) , which clarifies the accounting for uncertainty in income taxes recognized in an enterprise 2019s financial statements in accordance with fasb statement no . 109 , accounting for income taxes . fin no . 48 prescribes a recognition threshold and measurement process for recording in the financial statements uncertain tax positions taken or expected to be taken in a tax return . fin no . 48 also provides guidance on derecognition , classification , interest and penalties , accounting in interim periods , disclosure , and transition and defines the criteria that must be met for the benefits of a tax position to be recognized . as a result of its adoption of fin no . 48 , the company recorded the cumulative effect of the change in accounting principle of $ 0.3 million as a decrease to opening retained earnings and an increase to other long-term liabilities as of april 1 , 2007 . this adjustment related to state nexus for failure to file tax returns in various states for the years ended march 31 , 2003 , 2004 , and 2005 . the company initiated a voluntary disclosure plan , which it completed in fiscal year 2009 . the company elected to recognize interest and/or penalties related to income tax matters in income tax expense in its consolidated statements of operations . as of march 31 , 2009 , the company had remitted all outstanding amounts owed to each of the states in connection with the outstanding taxes owed at march 31 , 2008 . as such , the company had no fin no . 48 liability at march 31 , 2009 . on a quarterly basis , the company accrues for the effects of uncertain tax positions and the related potential penalties and interest . it is reasonably possible that the amount of the unrecognized tax benefit with respect to certain of the unrecognized tax positions will increase or decrease during the next 12 months ; however , it is not expected that the change will have a significant effect on the company 2019s results of operations or financial position . a reconciliation of the beginning and ending balance of unrecognized tax benefits , excluding accrued interest recorded at march 31 , 2009 ( in thousands ) is as follows: .
Table
balance at march 31 2008 | $ 168
reductions for tax positions for closing of the applicable statute of limitations | -168 ( 168 )
balance at march 31 2009 | $ 2014
the company and its subsidiaries are subject to u.s . federal income tax , as well as income tax of multiple state and foreign jurisdictions . the company has accumulated significant losses since its inception in 1981 . all tax years remain subject to examination by major tax jurisdictions , including the federal government and the commonwealth of massachusetts . however , since the company has net operating loss and tax credit carry forwards which may be utilized in future years to offset taxable income , those years may also be subject to review by relevant taxing authorities if the carry forwards are utilized . note 15 . commitments and contingencies the company 2019s acquisition of impella provided that abiomed was required to make contingent payments to impella 2019s former shareholders as follows : 2022 upon fda approval of the impella 2.5 device , a payment of $ 5583333 2022 upon fda approval of the impella 5.0 device , a payment of $ 5583333 , and 2022 upon the sale of 1000 units of impella 2019s products worldwide , a payment of $ 5583334 . the two milestones related to sales and fda approval of the impella 2.5 device were achieved and paid prior to march 31 , 2009 . in april 2009 , the company received fda 510 ( k ) clearance of its impella 5.0 product , triggering an obligation to pay the milestone related to the impella 5.0 device . in may 2009 , the company paid $ 1.8 million of this final milestone in cash and elected to pay the remaining amount through the issuance of approximately 664612 shares of common stock. .
Question:
what are the total contingent payments relating to impella?
Important information:
table_0: balance at march 31 2008 the balance at march 31 2008 of $ 168 is $ 168 ;
table_2: balance at march 31 2008 the balance at march 31 2009 of $ 168 is $ 2014 ;
text_28: commitments and contingencies the company 2019s acquisition of impella provided that abiomed was required to make contingent payments to impella 2019s former shareholders as follows : 2022 upon fda approval of the impella 2.5 device , a payment of $ 5583333 2022 upon fda approval of the impella 5.0 device , a payment of $ 5583333 , and 2022 upon the sale of 1000 units of impella 2019s products worldwide , a payment of $ 5583334 .
Reasoning Steps:
Step: multiply1-1(5583334, const_3) = 5583331
Program:
multiply(5583334, const_3)
Program (Nested):
multiply(5583334, const_3)
| finqa68 |
in 2006 what percentage of consumer packaging sales were represented by foodservice net sales?
Important information:
table_1: in millions the sales of 2006 is $ 2455 ; the sales of 2005 is $ 2245 ; the sales of 2004 is $ 2295 ;
table_2: in millions the operating profit of 2006 is $ 131 ; the operating profit of 2005 is $ 121 ; the operating profit of 2004 is $ 155 ;
text_21: foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .
Reasoning Steps:
Step: divide1-1(396, 2455) = 16%
Program:
divide(396, 2455)
Program (Nested):
divide(396, 2455)
| 0.1613 | 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:
earnings for the first quarter of 2007 are expected to be lower than in the fourth quarter of 2006 . containerboard export sales volumes are expected to decline due to scheduled first-quarter main- tenance outages . sales volumes for u.s . converted products will be higher due to more shipping days , but expected softer demand should cause the ship- ments per day to decrease . average sales price real- izations are expected to be comparable to fourth- quarter averages . an additional containerboard price increase was announced in january that is expected to be fully realized in the second quarter . costs for wood , energy , starch , adhesives and freight are expected to increase . manufacturing costs will be higher due to costs associated with scheduled main- tenance outages in the containerboard mills . euro- pean container operating results are expected to improve as seasonally higher sales volumes and improved margins more than offset slightly higher manufacturing costs . consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , manufacturing efficiency and product mix . consumer packaging net sales increased 9% ( 9 % ) compared with 2005 and 7% ( 7 % ) compared with 2004 . operating profits rose 8% ( 8 % ) from 2005 , but declined 15% ( 15 % ) from 2004 levels . compared with 2005 , higher sales volumes ( $ 9 million ) , improved average sales price realizations ( $ 33 million ) , reduced lack-of-order downtime ( $ 18 million ) , and favorable mill oper- ations ( $ 25 million ) were partially offset by higher raw material costs ( $ 19 million ) and freight costs ( $ 21 million ) , unfavorable mix ( $ 14 million ) and other costs ( $ 21 million ) . consumer packaging in millions 2006 2005 2004 .
Table
in millions | 2006 | 2005 | 2004
sales | $ 2455 | $ 2245 | $ 2295
operating profit | $ 131 | $ 121 | $ 155
coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 . sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products . in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 . average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board . operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 . the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight . foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 . sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 . operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices . raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste . shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 . sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment . average sales prices for the year were lower than in 2005 . operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs . entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols . average sales price realizations are expected to rise with a price increase announced in january . it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter . foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume . however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix . shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix . distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .
Question:
in 2006 what percentage of consumer packaging sales were represented by foodservice net sales?
Important information:
table_1: in millions the sales of 2006 is $ 2455 ; the sales of 2005 is $ 2245 ; the sales of 2004 is $ 2295 ;
table_2: in millions the operating profit of 2006 is $ 131 ; the operating profit of 2005 is $ 121 ; the operating profit of 2004 is $ 155 ;
text_21: foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .
Reasoning Steps:
Step: divide1-1(396, 2455) = 16%
Program:
divide(396, 2455)
Program (Nested):
divide(396, 2455)
| finqa69 |
what is the rate of return of an investment in nasdaq from 2017 to 2018?
Important information:
text_6: comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index 12/29/181/2/16 12/30/1712/28/13 12/31/161/3/15 *$ 100 invested on 12/28/13 in stock or index , including reinvestment of dividends .
table_1: the cadence design systems inc . of 12/28/2013 is $ 100.00 ; the cadence design systems inc . of 1/3/2015 is $ 135.18 ; the cadence design systems inc . of 1/2/2016 is $ 149.39 ; the cadence design systems inc . of 12/31/2016 is $ 181.05 ; the cadence design systems inc . of 12/30/2017 is $ 300.22 ; the cadence design systems inc . of 12/29/2018 is $ 311.13 ;
table_2: the nasdaq composite of 12/28/2013 is 100.00 ; the nasdaq composite of 1/3/2015 is 112.60 ; the nasdaq composite of 1/2/2016 is 113.64 ; the nasdaq composite of 12/31/2016 is 133.19 ; the nasdaq composite of 12/30/2017 is 172.11 ; the nasdaq composite of 12/29/2018 is 165.84 ;
Reasoning Steps:
Step: minus2-1(165.84, 172.11) = -6.27
Step: divide2-2(#0, 172.11) = -3.6%
Program:
subtract(165.84, 172.11), divide(#0, 172.11)
Program (Nested):
divide(subtract(165.84, 172.11), 172.11)
| -0.03643 | 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 our common stock is traded on the nasdaq global select market under the symbol cdns . as of february 2 , 2019 , we had 523 registered stockholders and approximately 56000 beneficial owners of our common stock . stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index . the graph assumes that the value of the investment in our common stock and in each index on december 28 , 2013 ( including reinvestment of dividends ) was $ 100 and tracks it each year thereafter on the last day of our fiscal year through december 29 , 2018 and , for each index , on the last day of the calendar year . comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index 12/29/181/2/16 12/30/1712/28/13 12/31/161/3/15 *$ 100 invested on 12/28/13 in stock or index , including reinvestment of dividends . fiscal year ending december 29 . copyright a9 2019 standard & poor 2019s , a division of s&p global . all rights reserved . nasdaq compositecadence design systems , inc . s&p 500 s&p 500 information technology .
Table
| 12/28/2013 | 1/3/2015 | 1/2/2016 | 12/31/2016 | 12/30/2017 | 12/29/2018
cadence design systems inc . | $ 100.00 | $ 135.18 | $ 149.39 | $ 181.05 | $ 300.22 | $ 311.13
nasdaq composite | 100.00 | 112.60 | 113.64 | 133.19 | 172.11 | 165.84
s&p 500 | 100.00 | 110.28 | 109.54 | 129.05 | 157.22 | 150.33
s&p 500 information technology | 100.00 | 115.49 | 121.08 | 144.85 | 201.10 | 200.52
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question:
what is the rate of return of an investment in nasdaq from 2017 to 2018?
Important information:
text_6: comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index 12/29/181/2/16 12/30/1712/28/13 12/31/161/3/15 *$ 100 invested on 12/28/13 in stock or index , including reinvestment of dividends .
table_1: the cadence design systems inc . of 12/28/2013 is $ 100.00 ; the cadence design systems inc . of 1/3/2015 is $ 135.18 ; the cadence design systems inc . of 1/2/2016 is $ 149.39 ; the cadence design systems inc . of 12/31/2016 is $ 181.05 ; the cadence design systems inc . of 12/30/2017 is $ 300.22 ; the cadence design systems inc . of 12/29/2018 is $ 311.13 ;
table_2: the nasdaq composite of 12/28/2013 is 100.00 ; the nasdaq composite of 1/3/2015 is 112.60 ; the nasdaq composite of 1/2/2016 is 113.64 ; the nasdaq composite of 12/31/2016 is 133.19 ; the nasdaq composite of 12/30/2017 is 172.11 ; the nasdaq composite of 12/29/2018 is 165.84 ;
Reasoning Steps:
Step: minus2-1(165.84, 172.11) = -6.27
Step: divide2-2(#0, 172.11) = -3.6%
Program:
subtract(165.84, 172.11), divide(#0, 172.11)
Program (Nested):
divide(subtract(165.84, 172.11), 172.11)
| finqa70 |
what is the percentage reduction in the loews common stock from 2013 to 2014
Important information:
text_2: the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .
table_1: the loews common stock of 2010 is 100.0 ; the loews common stock of 2011 is 97.37 ; the loews common stock of 2012 is 106.04 ; the loews common stock of 2013 is 126.23 ; the loews common stock of 2014 is 110.59 ; the loews common stock of 2015 is 101.72 ;
table_3: the loews peer group ( a ) of 2010 is 100.0 ; the loews peer group ( a ) of 2011 is 101.59 ; the loews peer group ( a ) of 2012 is 115.19 ; the loews peer group ( a ) of 2013 is 145.12 ; the loews peer group ( a ) of 2014 is 152.84 ; the loews peer group ( a ) of 2015 is 144.70 ;
Reasoning Steps:
Step: minus1-1(110.59, 126.23) = -15.64
Step: divide1-2(#0, 126.23) = -12.4%
Program:
subtract(110.59, 126.23), divide(#0, 126.23)
Program (Nested):
divide(subtract(110.59, 126.23), 126.23)
| -0.1239 | 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 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2015 . the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .
Table
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015
loews common stock | 100.0 | 97.37 | 106.04 | 126.23 | 110.59 | 101.72
s&p 500 index | 100.0 | 102.11 | 118.45 | 156.82 | 178.29 | 180.75
loews peer group ( a ) | 100.0 | 101.59 | 115.19 | 145.12 | 152.84 | 144.70
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : ace limited , w.r . berkley corporation , the chubb corporation , energy transfer partners l.p. , ensco plc , the hartford financial services group , inc. , kinder morgan energy partners , l.p . ( included through november 26 , 2014 when it was acquired by kinder morgan inc. ) , noble corporation , spectra energy corp , transocean ltd . and the travelers companies , inc . dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967 . regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2015 and 2014. .
Question:
what is the percentage reduction in the loews common stock from 2013 to 2014
Important information:
text_2: the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .
table_1: the loews common stock of 2010 is 100.0 ; the loews common stock of 2011 is 97.37 ; the loews common stock of 2012 is 106.04 ; the loews common stock of 2013 is 126.23 ; the loews common stock of 2014 is 110.59 ; the loews common stock of 2015 is 101.72 ;
table_3: the loews peer group ( a ) of 2010 is 100.0 ; the loews peer group ( a ) of 2011 is 101.59 ; the loews peer group ( a ) of 2012 is 115.19 ; the loews peer group ( a ) of 2013 is 145.12 ; the loews peer group ( a ) of 2014 is 152.84 ; the loews peer group ( a ) of 2015 is 144.70 ;
Reasoning Steps:
Step: minus1-1(110.59, 126.23) = -15.64
Step: divide1-2(#0, 126.23) = -12.4%
Program:
subtract(110.59, 126.23), divide(#0, 126.23)
Program (Nested):
divide(subtract(110.59, 126.23), 126.23)
| finqa71 |
based on the investment in solexa on november 12 , 2006 what was the price per share in the transaction in dollars
Important information:
text_3: the company believes that the solexa technology is highly complementary to the company 2019s own portfolio of products and services and will enhance the company 2019s capabilities to service its existing customers , as well as accelerate the develop- ment of additional technologies , products and services .
text_12: investment in solexa on november 12 , 2006 , the company entered into a definitive securities purchase agreement with solexa in which the company invested approximately $ 50 million in solexa in exchange for 5154639 newly issued shares of solexa common stock in conjunction with the merger of the two companies .
text_13: this investment was valued at $ 67.8 million as of december 31 , 2006 , which represented a market value of $ 13.15 per share of solexa common stock .
Reasoning Steps:
Step: divide2-1(50, 5154639) = 9.7
Program:
divide(50, 5154639)
Program (Nested):
divide(50, 5154639)
| 1e-05 | 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:
goodwill goodwill represents the excess of the solexa purchase price over the sum of the amounts assigned to assets acquired less liabilities assumed . the company believes that the acquisition of solexa will produce the following significant benefits : 2022 increased market presence and opportunities . the combination of the company and solexa should increase the combined company 2019s market presence and opportunities for growth in revenue , earnings and stockholder return . the company believes that the solexa technology is highly complementary to the company 2019s own portfolio of products and services and will enhance the company 2019s capabilities to service its existing customers , as well as accelerate the develop- ment of additional technologies , products and services . the company believes that integrating solexa 2019s capabilities with the company 2019s technologies will better position the company to address the emerging biomarker research and development and in-vitro and molecular diag- nostic markets . the company began to recognize revenue from products shipped as a result of this acquisition during the first quarter of 2007 . 2022 operating efficiencies . the combination of the company and solexa provides the opportunity for potential economies of scale and cost savings . the company believes that these primary factors support the amount of goodwill recognized as a result of the purchase price paid for solexa , in relation to other acquired tangible and intangible assets , including in-process research and development . the following unaudited pro forma information shows the results of the company 2019s operations for the specified reporting periods as though the acquisition had occurred as of the beginning of that period ( in thousands , except per share data ) : year ended december 30 , year ended december 31 .
Table
| year ended december 30 2007 | year ended december 31 2006
revenue | $ 366854 | $ 187103
net income ( loss ) | $ 17388 | $ -38957 ( 38957 )
net income ( loss ) per share basic | $ 0.32 | $ -0.68 ( 0.68 )
net income ( loss ) per share diluted | $ 0.29 | $ -0.68 ( 0.68 )
the pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the actual results of operations had the acquisition taken place as of the beginning of the periods presented , or the results that may occur in the future . the pro forma results exclude the $ 303.4 million non-cash acquired ipr&d charge recorded upon the closing of the acquisition during the first quarter of 2007 . investment in solexa on november 12 , 2006 , the company entered into a definitive securities purchase agreement with solexa in which the company invested approximately $ 50 million in solexa in exchange for 5154639 newly issued shares of solexa common stock in conjunction with the merger of the two companies . this investment was valued at $ 67.8 million as of december 31 , 2006 , which represented a market value of $ 13.15 per share of solexa common stock . this investment was eliminated as part of the company 2019s purchase accounting upon the closing of the merger on january 26 , 2007 . illumina , inc . notes to consolidated financial statements 2014 ( continued ) .
Question:
based on the investment in solexa on november 12 , 2006 what was the price per share in the transaction in dollars
Important information:
text_3: the company believes that the solexa technology is highly complementary to the company 2019s own portfolio of products and services and will enhance the company 2019s capabilities to service its existing customers , as well as accelerate the develop- ment of additional technologies , products and services .
text_12: investment in solexa on november 12 , 2006 , the company entered into a definitive securities purchase agreement with solexa in which the company invested approximately $ 50 million in solexa in exchange for 5154639 newly issued shares of solexa common stock in conjunction with the merger of the two companies .
text_13: this investment was valued at $ 67.8 million as of december 31 , 2006 , which represented a market value of $ 13.15 per share of solexa common stock .
Reasoning Steps:
Step: divide2-1(50, 5154639) = 9.7
Program:
divide(50, 5154639)
Program (Nested):
divide(50, 5154639)
| finqa72 |
what portion of the total investment is allocated to mutual funds in 2011?
Important information:
table_1: the money market funds of 2011 is $ 17187 ; the money market funds of 2010 is $ 1840 ;
table_2: the mutual funds of 2011 is 9223 ; the mutual funds of 2010 is 6850 ;
table_3: the total deferred compensation plan investments of 2011 is $ 26410 ; the total deferred compensation plan investments of 2010 is $ 8690 ;
Reasoning Steps:
Step: divide1-1(17187, 26410) = 65.1%
Program:
divide(17187, 26410)
Program (Nested):
divide(17187, 26410)
| 0.65078 | 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:
contingent consideration of up to $ 13.8 million . the contingent consideration arrangement requires additional cash payments to the former equity holders of lyric upon the achievement of certain technological and product development milestones payable during the period from june 2011 through june 2016 . the company estimated the fair value of the contingent consideration arrangement utilizing the income approach . changes in the fair value of the contingent consideration subsequent to the acquisition date primarily driven by assumptions pertaining to the achievement of the defined milestones will be recognized in operating income in the period of the estimated fair value change . as of october 29 , 2011 , no contingent payments have been made and the fair value of the contingent consideration was approximately $ 14.0 million . the company allocated the purchase price to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition , resulting in the recognition of $ 12.2 million of ipr&d , $ 18.9 million of goodwill and $ 3.3 million of net deferred tax liabilities . the goodwill recognized is attributable to future technologies that have yet to be determined as well as the assembled workforce of lyric . future technologies do not meet the criteria for recognition separately from goodwill because they are a part of future development and growth of the business . none of the goodwill is expected to be deductible for tax purposes . in addition , the company will be obligated to pay royalties to the former equity holders of lyric on revenue recognized from the sale of lyric products and licenses through the earlier of 20 years or the accrual of a maximum of $ 25 million . royalty payments to lyric employees require post-acquisition services to be rendered and , as such , the company will record these amounts as compensation expense in the related periods . as of october 29 , 2011 , no royalty payments have been made . the company recognized $ 0.2 million of acquisition-related costs that were expensed in the third quarter of fiscal 2011 . these costs are included in operating expenses in the consolidated statement of income . the company has not provided pro forma results of operations for integrant , audioasics and lyric herein as they were not material to the company on either an individual or an aggregate basis . the company included the results of operations of each acquisition in its consolidated statement of income from the date of such acquisition . 7 . deferred compensation plan investments investments in the analog devices , inc . deferred compensation plan ( the deferred compensation plan ) are classified as trading . the components of the investments as of october 29 , 2011 and october 30 , 2010 were as follows: .
Table
| 2011 | 2010
money market funds | $ 17187 | $ 1840
mutual funds | 9223 | 6850
total deferred compensation plan investments | $ 26410 | $ 8690
the fair values of these investments are based on published market quotes on october 29 , 2011 and october 30 , 2010 , respectively . adjustments to the fair value of , and income pertaining to , deferred compensation plan investments are recorded in operating expenses . gross realized and unrealized gains and losses from trading securities were not material in fiscal 2011 , 2010 or 2009 . the company has recorded a corresponding liability for amounts owed to the deferred compensation plan participants ( see note 10 ) . these investments are specifically designated as available to the company solely for the purpose of paying benefits under the deferred compensation plan . however , in the event the company became insolvent , the investments would be available to all unsecured general creditors . 8 . other investments other investments consist of equity securities and other long-term investments . investments are stated at fair value , which is based on market quotes or on a cost-basis , dependent on the nature of the investment , as appropriate . adjustments to the fair value of investments classified as available-for-sale are recorded as an increase or decrease analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question:
what portion of the total investment is allocated to mutual funds in 2011?
Important information:
table_1: the money market funds of 2011 is $ 17187 ; the money market funds of 2010 is $ 1840 ;
table_2: the mutual funds of 2011 is 9223 ; the mutual funds of 2010 is 6850 ;
table_3: the total deferred compensation plan investments of 2011 is $ 26410 ; the total deferred compensation plan investments of 2010 is $ 8690 ;
Reasoning Steps:
Step: divide1-1(17187, 26410) = 65.1%
Program:
divide(17187, 26410)
Program (Nested):
divide(17187, 26410)
| finqa73 |
based on a 365 day year and the average sales price per barrel listed above , what was the total refined product sales revenue for 2006?
Important information:
text_5: the average sales price of our refined products in aggregate was $ 77.76 per barrel for 2006 .
table_7: ( thousands of barrels per day ) the total ( a ) of 2006 is 1425 ; the total ( a ) of 2005 is 1455 ; the total ( a ) of 2004 is 1400 ;
table_8: ( thousands of barrels per day ) the average sales price ( $ per barrel ) of 2006 is $ 77.76 ; the average sales price ( $ per barrel ) of 2005 is $ 66.42 ; the average sales price ( $ per barrel ) of 2004 is $ 49.53 ;
Reasoning Steps:
Step: multiply1-1(1425, 77.76) = 110808.00
Step: multiply1-2(#0, 365) = 40444920
Program:
multiply(1425, 77.76), multiply(#0, 365)
Program (Nested):
multiply(multiply(1425, 77.76), 365)
| 40444920.0 | 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:
in 2006 , our board of directors approved a projected $ 3.2 billion expansion of our garyville , louisiana refinery by 180 mbpd to 425 mbpd , which will increase our total refining capacity to 1.154 million barrels per day ( 2018 2018mmbpd 2019 2019 ) . we recently received air permit approval from the louisiana department of environmental quality for this project and construction is expected to begin in mid-2007 , with startup planned for the fourth quarter of 2009 . we have also commenced front-end engineering and design ( 2018 2018feed 2019 2019 ) for a potential heavy oil upgrading project at our detroit refinery , which would allow us to process increased volumes of canadian oil sands production , and are undertaking a feasibility study for a similar upgrading project at our catlettsburg refinery . marketing we are a supplier of gasoline and distillates to resellers and consumers within our market area in the midwest , the upper great plains and southeastern united states . in 2006 , our refined product sales volumes ( excluding matching buy/sell transactions ) totaled 21.5 billion gallons , or 1.401 mmbpd . the average sales price of our refined products in aggregate was $ 77.76 per barrel for 2006 . the following table sets forth our refined product sales by product group and our average sales price for each of the last three years . refined product sales ( thousands of barrels per day ) 2006 2005 2004 .
Table
( thousands of barrels per day ) | 2006 | 2005 | 2004
gasoline | 804 | 836 | 807
distillates | 375 | 385 | 373
propane | 23 | 22 | 22
feedstocks and special products | 106 | 96 | 92
heavy fuel oil | 26 | 29 | 27
asphalt | 91 | 87 | 79
total ( a ) | 1425 | 1455 | 1400
average sales price ( $ per barrel ) | $ 77.76 | $ 66.42 | $ 49.53
( a ) includes matching buy/sell volumes of 24 mbpd , 77 mbpd and 71 mbpd in 2006 , 2005 and 2004 . on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard . this change resulted in lower refined product sales volumes for the remainder of 2006 than would have been reported under the previous accounting practices . see note 2 to the consolidated financial statements . the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers and sales in the spot market accounted for 71 percent of our refined product sales volumes in 2006 . we sold 52 percent of our gasoline volumes and 89 percent of our distillates volumes on a wholesale or spot market basis . half of our propane is sold into the home heating market , with the balance being purchased by industrial consumers . propylene , cumene , aromatics , aliphatics , and sulfur are domestically marketed to customers in the chemical industry . base lube oils , maleic anhydride , slack wax , extract and pitch are sold throughout the united states and canada , with pitch products also being exported worldwide . we market asphalt through owned and leased terminals throughout the midwest , the upper great plains and southeastern united states . our customer base includes approximately 800 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers . we blended 35 mbpd of ethanol into gasoline in 2006 . in 2005 and 2004 , we blended 35 mbpd and 30 mbpd of ethanol . the expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and changes in government regulations . we sell reformulated gasoline in parts of our marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; and milwaukee , wisconsin , and we sell low-vapor-pressure gasoline in nine states . as of december 31 , 2006 , we supplied petroleum products to about 4200 marathon branded retail outlets located primarily in ohio , michigan , indiana , kentucky and illinois . branded retail outlets are also located in florida , georgia , minnesota , wisconsin , west virginia , tennessee , virginia , north carolina , pennsylvania , alabama and south carolina . sales to marathon brand jobbers and dealers accounted for 14 percent of our refined product sales volumes in 2006 . ssa sells gasoline and diesel fuel through company-operated retail outlets . sales of refined products through these ssa retail outlets accounted for 15 percent of our refined product sales volumes in 2006 . as of december 31 , 2006 , ssa had 1636 retail outlets in nine states that sold petroleum products and convenience store merchandise and services , primarily under the brand names 2018 2018speedway 2019 2019 and 2018 2018superamerica . 2019 2019 ssa 2019s revenues from the sale of non-petroleum merchandise totaled $ 2.7 billion in 2006 , compared with $ 2.5 billion in 2005 . profit levels from the sale .
Question:
based on a 365 day year and the average sales price per barrel listed above , what was the total refined product sales revenue for 2006?
Important information:
text_5: the average sales price of our refined products in aggregate was $ 77.76 per barrel for 2006 .
table_7: ( thousands of barrels per day ) the total ( a ) of 2006 is 1425 ; the total ( a ) of 2005 is 1455 ; the total ( a ) of 2004 is 1400 ;
table_8: ( thousands of barrels per day ) the average sales price ( $ per barrel ) of 2006 is $ 77.76 ; the average sales price ( $ per barrel ) of 2005 is $ 66.42 ; the average sales price ( $ per barrel ) of 2004 is $ 49.53 ;
Reasoning Steps:
Step: multiply1-1(1425, 77.76) = 110808.00
Step: multiply1-2(#0, 365) = 40444920
Program:
multiply(1425, 77.76), multiply(#0, 365)
Program (Nested):
multiply(multiply(1425, 77.76), 365)
| finqa74 |
for the mtn deal , what was the total post closing adjustments , in millions?
Important information:
text_8: on june 29 , 2012 , the joint venture acquired 962 communications sites for an aggregate purchase price of $ 171.5 million , subject to post-closing adjustments .
text_9: the aggregate purchase price was subsequently increased to $ 173.2 million , subject to future post-closing adjustments .
table_2: the property and equipment of preliminary purchase price allocation is 102366 ;
Reasoning Steps:
Step: minus2-1(173.2, 171.5) = 1.7
Program:
subtract(173.2, 171.5)
Program (Nested):
subtract(173.2, 171.5)
| 1.7 | 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 ( 3 ) consists of customer-related intangibles of approximately $ 15.5 million and network location intangibles of approximately $ 19.8 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . uganda acquisition 2014on december 8 , 2011 , the company entered into a definitive agreement with mtn group to establish a joint venture in uganda . the joint venture is controlled by a holding company of which a wholly owned subsidiary of the company ( the 201catc uganda subsidiary 201d ) holds a 51% ( 51 % ) interest and a wholly owned subsidiary of mtn group ( the 201cmtn uganda subsidiary 201d ) holds a 49% ( 49 % ) interest . the joint venture is managed and controlled by the company and owns a tower operations company in uganda . pursuant to the agreement , the joint venture agreed to purchase a total of up to 1000 existing communications sites from mtn group 2019s operating subsidiary in uganda , subject to customary closing conditions . on june 29 , 2012 , the joint venture acquired 962 communications sites for an aggregate purchase price of $ 171.5 million , subject to post-closing adjustments . the aggregate purchase price was subsequently increased to $ 173.2 million , subject to future post-closing adjustments . under the terms of the purchase agreement , legal title to certain of these communications sites will be transferred upon fulfillment of certain conditions by mtn group . prior to the fulfillment of these conditions , the company will operate and maintain control of these communications sites , and accordingly , reflect these sites in the allocation of purchase price and the consolidated operating results . the following table summarizes the preliminary allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation .
Table
| preliminary purchase price allocation
non-current assets | $ 2258
property and equipment | 102366
intangible assets ( 1 ) | 63500
other non-current liabilities | -7528 ( 7528 )
fair value of net assets acquired | $ 160596
goodwill ( 2 ) | 12564
( 1 ) consists of customer-related intangibles of approximately $ 36.5 million and network location intangibles of approximately $ 27.0 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be not be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . germany acquisition 2014on november 14 , 2012 , the company entered into a definitive agreement to purchase communications sites from e-plus mobilfunk gmbh & co . kg . on december 4 , 2012 , the company completed the purchase of 2031 communications sites , for an aggregate purchase price of $ 525.7 million. .
Question:
for the mtn deal , what was the total post closing adjustments , in millions?
Important information:
text_8: on june 29 , 2012 , the joint venture acquired 962 communications sites for an aggregate purchase price of $ 171.5 million , subject to post-closing adjustments .
text_9: the aggregate purchase price was subsequently increased to $ 173.2 million , subject to future post-closing adjustments .
table_2: the property and equipment of preliminary purchase price allocation is 102366 ;
Reasoning Steps:
Step: minus2-1(173.2, 171.5) = 1.7
Program:
subtract(173.2, 171.5)
Program (Nested):
subtract(173.2, 171.5)
| finqa75 |
what is the growth rate in net revenue in 2003 for entergy louisiana , inc.?
Important information:
text_6: following is an analysis of the change in net revenue comparing 2003 to 2002. .
table_1: the 2002 net revenue of ( in millions ) is $ 922.9 ;
table_7: the 2003 net revenue of ( in millions ) is $ 973.7 ;
Reasoning Steps:
Step: minus1-1(973.7, 922.9) = 50.8
Step: divide1-2(#0, 922.9) = 5.5%
Program:
subtract(973.7, 922.9), divide(#0, 922.9)
Program (Nested):
divide(subtract(973.7, 922.9), 922.9)
| 0.05504 | 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 louisiana , inc . management's financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 98.0 million in fuel cost recovery revenues due to higher fuel rates ; and 2022 an increase due to volume/weather , as discussed above . the increase was partially offset by the following : 2022 a decrease of $ 31.9 million in the price applied to unbilled sales , as discussed above ; 2022 a decrease of $ 12.2 million in rate refund provisions , as discussed above ; and 2022 a decrease of $ 5.2 million in gross wholesale revenue due to decreased sales to affiliated systems . fuel and purchased power expenses increased primarily due to : 2022 an increase in the recovery from customers of deferred fuel costs ; and 2022 an increase in the market price of natural gas . other regulatory credits increased primarily due to : 2022 the deferral in 2004 of $ 14.3 million of capacity charges related to generation resource planning as allowed by the lpsc ; 2022 the amortization in 2003 of $ 11.8 million of deferred capacity charges , as discussed above ; and 2022 the deferral in 2004 of $ 11.4 million related to entergy's voluntary severance program , in accordance with a proposed stipulation with the lpsc staff . 2003 compared to 2002 net revenue , which is entergy louisiana's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2003 to 2002. .
Table
| ( in millions )
2002 net revenue | $ 922.9
deferred fuel cost revisions | 59.1
asset retirement obligation | 8.2
volume | -16.2 ( 16.2 )
vidalia settlement | -9.2 ( 9.2 )
other | 8.9
2003 net revenue | $ 973.7
the deferred fuel cost revisions variance resulted from a revised unbilled sales pricing estimate made in december 2002 and a further revision made in the first quarter of 2003 to more closely align the fuel component of that pricing with expected recoverable fuel costs . the asset retirement obligation variance was due to the implementation of sfas 143 , "accounting for asset retirement obligations" adopted in january 2003 . see "critical accounting estimates" for more details on sfas 143 . the increase was offset by decommissioning expense and had no effect on net income . the volume variance was due to a decrease in electricity usage in the service territory . billed usage decreased 1868 gwh in the industrial sector including the loss of a large industrial customer to cogeneration. .
Question:
what is the growth rate in net revenue in 2003 for entergy louisiana , inc.?
Important information:
text_6: following is an analysis of the change in net revenue comparing 2003 to 2002. .
table_1: the 2002 net revenue of ( in millions ) is $ 922.9 ;
table_7: the 2003 net revenue of ( in millions ) is $ 973.7 ;
Reasoning Steps:
Step: minus1-1(973.7, 922.9) = 50.8
Step: divide1-2(#0, 922.9) = 5.5%
Program:
subtract(973.7, 922.9), divide(#0, 922.9)
Program (Nested):
divide(subtract(973.7, 922.9), 922.9)
| finqa76 |
what percentage of industrial packaging sales where represented by european industrial packaging net sales in 2007?
Important information:
table_1: in millions the sales of 2007 is $ 5245 ; the sales of 2006 is $ 4925 ; the sales of 2005 is $ 4625 ;
table_2: in millions the operating profit of 2007 is $ 501 ; the operating profit of 2006 is $ 399 ; the operating profit of 2005 is $ 219 ;
text_29: european industrial packaging net sales for 2007 were $ 1.1 billion , up from $ 1.0 billion in 2006 and $ 880 million in 2005 .
Reasoning Steps:
Step: multiply1-1(1.1, const_1000) = 1100
Step: divide1-2(#0, 5245) = 21%
Program:
multiply(1.1, const_1000), divide(#0, 5245)
Program (Nested):
divide(multiply(1.1, const_1000), 5245)
| 0.20972 | 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:
tissue pulp due to strong market demand , partic- ularly from asia . average sales price realizations improved significantly in 2007 , principally reflecting higher average prices for softwood , hardwood and fluff pulp . operating earnings in 2007 were $ 104 mil- lion compared with $ 48 million in 2006 and $ 37 mil- lion in 2005 . the benefits from higher sales price realizations were partially offset by increased input costs for energy , chemicals and freight . entering the first quarter of 2008 , demand for market pulp remains strong , and average sales price realiza- tions should increase slightly . however , input costs for energy , chemicals and freight are expected to be higher , and increased spending is anticipated for planned mill maintenance outages . industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods pro- duction , as well as with demand for processed foods , poultry , meat and agricultural products . in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , freight costs , manufacturing effi- ciency and product mix . industrial packaging net sales for 2007 increased 6% ( 6 % ) to $ 5.2 billion compared with $ 4.9 bil- lion in 2006 , and 13% ( 13 % ) compared with $ 4.6 billion in 2005 . operating profits in 2007 were 26% ( 26 % ) higher than in 2006 and more than double 2005 earnings . bene- fits from improved price realizations ( $ 147 million ) , sales volume increases net of increased lack of order downtime ( $ 3 million ) , a more favorable mix ( $ 31 million ) , strong mill and converting operations ( $ 33 million ) and other costs ( $ 47 million ) were partially offset by the effects of higher raw material costs ( $ 76 million ) and higher freight costs ( $ 18 million ) . in addition , a gain of $ 13 million was recognized in 2006 related to a sale of property in spain and costs of $ 52 million were incurred in 2007 related to the conversion of the paper machine at pensacola to production of lightweight linerboard . the segment took 165000 tons of downtime in 2007 which included 16000 tons of market-related downtime compared with 135000 tons of downtime in 2006 of which none was market-related . industrial packaging in millions 2007 2006 2005 .
Table
in millions | 2007 | 2006 | 2005
sales | $ 5245 | $ 4925 | $ 4625
operating profit | $ 501 | $ 399 | $ 219
north american industrial packaging net sales for 2007 were $ 3.9 billion , compared with $ 3.7 billion in 2006 and $ 3.6 billion in 2005 . operating profits in 2007 were $ 407 million , up from $ 327 mil- lion in 2006 and $ 170 million in 2005 . containerboard shipments were higher in 2007 compared with 2006 , including production from the paper machine at pensacola that was converted to lightweight linerboard during 2007 . average sales price realizations were significantly higher than in 2006 reflecting price increases announced early in 2006 and in the third quarter of 2007 . margins improved reflecting stronger export demand . manu- facturing performance was strong , although costs associated with planned mill maintenance outages were higher due to timing of outages . raw material costs for wood , energy , chemicals and recycled fiber increased significantly . operating results for 2007 were also unfavorably impacted by $ 52 million of costs associated with the conversion and startup of the pensacola paper machine . u.s . converting sales volumes were slightly lower in 2007 compared with 2006 reflecting softer customer box demand . earnings improvement in 2007 bene- fited from the realization of box price increases announced in early 2006 and late 2007 . favorable manufacturing operations and higher sales prices for waste fiber more than offset significantly higher raw material and freight costs . looking ahead to the first quarter of 2008 , sales volumes are expected to increase slightly , and results should benefit from a full-quarter impact of the price increases announced in the third quarter of 2007 . however , additional mill maintenance outages are planned for the first quarter , and freight and input costs are expected to rise , particularly for wood and energy . manufacturing operations should be favorable compared with the fourth quarter . european industrial packaging net sales for 2007 were $ 1.1 billion , up from $ 1.0 billion in 2006 and $ 880 million in 2005 . sales volumes were about flat as early stronger demand in the industrial segment weakened in the second half of the year . operating profits in 2007 were $ 88 million compared with $ 69 million in 2006 and $ 53 million in 2005 . sales margins improved reflecting increased sales prices for boxes . conversion costs were favorable as the result of manufacturing improvement programs . entering the first quarter of 2008 , sales volumes should be strong seasonally across all regions as the winter fruit and vegetable season continues . profit margins , however , are expected to be somewhat lower. .
Question:
what percentage of industrial packaging sales where represented by european industrial packaging net sales in 2007?
Important information:
table_1: in millions the sales of 2007 is $ 5245 ; the sales of 2006 is $ 4925 ; the sales of 2005 is $ 4625 ;
table_2: in millions the operating profit of 2007 is $ 501 ; the operating profit of 2006 is $ 399 ; the operating profit of 2005 is $ 219 ;
text_29: european industrial packaging net sales for 2007 were $ 1.1 billion , up from $ 1.0 billion in 2006 and $ 880 million in 2005 .
Reasoning Steps:
Step: multiply1-1(1.1, const_1000) = 1100
Step: divide1-2(#0, 5245) = 21%
Program:
multiply(1.1, const_1000), divide(#0, 5245)
Program (Nested):
divide(multiply(1.1, const_1000), 5245)
| finqa77 |
what portion of the adjusted consolidated cash flow for the twelve months ended december 31 , 2005 is related to tower cash flow?
Important information:
table_1: tower cash flow for the three months ended december 31 2005 the consolidated cash flow for the twelve months ended december 31 2005 of $ 139590 is $ 498266 ;
table_2: tower cash flow for the three months ended december 31 2005 the less : tower cash flow for the twelve months ended december 31 2005 of $ 139590 is -524804 ( 524804 ) ;
table_4: tower cash flow for the three months ended december 31 2005 the adjusted consolidated cash flow for the twelve months ended december 31 2005 of $ 139590 is $ 531822 ;
Reasoning Steps:
Step: divide2-1(558360, 531822) = 105.0%
Program:
divide(558360, 531822)
Program (Nested):
divide(558360, 531822)
| 1.0499 | 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:
with apb no . 25 . instead , companies will be required to account for such transactions using a fair-value method and recognize the related expense associated with share-based payments in the statement of operations . sfas 123r is effective for us as of january 1 , 2006 . we have historically accounted for share-based payments to employees under apb no . 25 2019s intrinsic value method . as such , we generally have not recognized compensation expense for options granted to employees . we will adopt the provisions of sfas 123r under the modified prospective method , in which compensation cost for all share-based payments granted or modified after the effective date is recognized based upon the requirements of sfas 123r , and compensation cost for all awards granted to employees prior to the effective date that are unvested as of the effective date of sfas 123r is recognized based on sfas 123 . tax benefits will be recognized related to the cost for share-based payments to the extent the equity instrument would ordinarily result in a future tax deduction under existing law . tax expense will be recognized to write off excess deferred tax assets when the tax deduction upon settlement of a vested option is less than the expense recorded in the statement of operations ( to the extent not offset by prior tax credits for settlements where the tax deduction was greater than the fair value cost ) . we estimate that we will recognize equity-based compensation expense of approximately $ 35 million to $ 38 million for the year ending december 31 , 2006 . this amount is subject to revisions as we finalize certain assumptions related to 2006 , including the size and nature of awards and forfeiture rates . sfas 123r also requires the benefits of tax deductions in excess of recognized compensation cost be reported as a financing cash flow rather than as operating cash flow as was previously required . we cannot estimate what the future tax benefits will be as the amounts depend on , among other factors , future employee stock option exercises . due to the our tax loss position , there was no operating cash inflow realized for december 31 , 2005 and 2004 for such excess tax deductions . in march 2005 , the sec issued staff accounting bulletin ( sab ) no . 107 regarding the staff 2019s interpretation of sfas 123r . this interpretation provides the staff 2019s views regarding interactions between sfas 123r and certain sec rules and regulations and provides interpretations of the valuation of share-based payments for public companies . the interpretive guidance is intended to assist companies in applying the provisions of sfas 123r and investors and users of the financial statements in analyzing the information provided . we will follow the guidance prescribed in sab no . 107 in connection with our adoption of sfas 123r . information presented pursuant to the indentures of our 7.50% ( 7.50 % ) notes , 7.125% ( 7.125 % ) notes and ati 7.25% ( 7.25 % ) the following table sets forth information that is presented solely to address certain tower cash flow reporting requirements contained in the indentures for our 7.50% ( 7.50 % ) notes , 7.125% ( 7.125 % ) notes and ati 7.25% ( 7.25 % ) notes . the information contained in note 19 to our consolidated financial statements is also presented to address certain reporting requirements contained in the indenture for our ati 7.25% ( 7.25 % ) notes . 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 2005 | $ 139590
consolidated cash flow for the twelve months ended december 31 2005 | $ 498266
less : tower cash flow for the twelve months ended december 31 2005 | -524804 ( 524804 )
plus : four times tower cash flow for the three months ended december 31 2005 | 558360
adjusted consolidated cash flow for the twelve months ended december 31 2005 | $ 531822
non-tower cash flow for the twelve months ended december 31 2005 | $ -30584 ( 30584 )
.
Question:
what portion of the adjusted consolidated cash flow for the twelve months ended december 31 , 2005 is related to tower cash flow?
Important information:
table_1: tower cash flow for the three months ended december 31 2005 the consolidated cash flow for the twelve months ended december 31 2005 of $ 139590 is $ 498266 ;
table_2: tower cash flow for the three months ended december 31 2005 the less : tower cash flow for the twelve months ended december 31 2005 of $ 139590 is -524804 ( 524804 ) ;
table_4: tower cash flow for the three months ended december 31 2005 the adjusted consolidated cash flow for the twelve months ended december 31 2005 of $ 139590 is $ 531822 ;
Reasoning Steps:
Step: divide2-1(558360, 531822) = 105.0%
Program:
divide(558360, 531822)
Program (Nested):
divide(558360, 531822)
| finqa78 |
what was the percentage growth in sales of cabinets from 2016 to 2017
Important information:
text_22: annual net sales for each of the last three fiscal years for each of our business segments were as follows : ( in millions ) 2017 2016 2015 .
table_1: ( in millions ) the cabinets of 2017 is $ 2467.1 ; the cabinets of 2016 is $ 2397.8 ; the cabinets of 2015 is $ 2173.4 ;
table_5: ( in millions ) the total of 2017 is $ 5283.3 ; the total of 2016 is $ 4984.9 ; the total of 2015 is $ 4579.4 ;
Reasoning Steps:
Step: minus2-1(2467.1, 2397.8) = 69.3
Step: divide2-2(#0, 2397.8) = 2.9%
Program:
subtract(2467.1, 2397.8), divide(#0, 2397.8)
Program (Nested):
divide(subtract(2467.1, 2397.8), 2397.8)
| 0.0289 | 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:
south america . approximately 26% ( 26 % ) of 2017 net sales were to international markets . this segment sells directly through its own sales force and indirectly through independent manufacturers 2019 representatives , primarily to wholesalers , home centers , mass merchandisers and industrial distributors . in aggregate , sales to the home depot and lowe 2019s comprised approximately 23% ( 23 % ) of net sales of the plumbing segment in 2017 . this segment 2019s chief competitors include delta ( owned by masco ) , kohler , pfister ( owned by spectrum brands ) , american standard ( owned by lixil group ) , insinkerator ( owned by emerson electronic company ) and imported private-label brands . doors . our doors segment manufactures and sells fiberglass and steel entry door systems under the therma-tru brand and urethane millwork product lines under the fypon brand . this segment benefits from the long-term trend away from traditional materials , such as wood , steel and aluminum , toward more energy-efficient and durable synthetic materials . therma-tru products include fiberglass and steel residential entry door and patio door systems , primarily for sale in the u.s . and canada . this segment 2019s principal customers are home centers , millwork building products and wholesale distributors , and specialty dealers that provide products to the residential new construction market , as well as to the remodeling and renovation markets . in aggregate , sales to the home depot and lowe 2019s comprised approximately 14% ( 14 % ) of net sales of the doors segment in 2017 . this segment 2019s competitors include masonite , jeld-wen , plastpro and pella . security . our security segment 2019s products consist of locks , safety and security devices , and electronic security products manufactured , sourced and distributed primarily under the master lock brand and fire resistant safes , security containers and commercial cabinets manufactured , sourced and distributed under the sentrysafe brand . this segment sells products principally in the u.s. , canada , europe , central america , japan and australia . approximately 25% ( 25 % ) of 2017 net sales were to international markets . this segment manufactures and sells key-controlled and combination padlocks , bicycle and cable locks , built-in locker locks , door hardware , automotive , trailer and towing locks , electronic access control solutions , and other specialty safety and security devices for consumer use to hardware , home center and other retail outlets . in addition , the segment sells lock systems and fire resistant safes to locksmiths , industrial and institutional users , and original equipment manufacturers . in aggregate , sales to the home depot and lowe 2019s comprised approximately 18% ( 18 % ) of the net sales of the security segment in 2017 . master lock competes with abus , w.h . brady , hampton , kwikset ( owned by spectrum brands ) , schlage ( owned by allegion ) , assa abloy and various imports , and sentrysafe competes with first alert , magnum , fortress , stack-on and fire king . annual net sales for each of the last three fiscal years for each of our business segments were as follows : ( in millions ) 2017 2016 2015 .
Table
( in millions ) | 2017 | 2016 | 2015
cabinets | $ 2467.1 | $ 2397.8 | $ 2173.4
plumbing | 1720.8 | 1534.4 | 1414.5
doors | 502.9 | 473.0 | 439.1
security | 592.5 | 579.7 | 552.4
total | $ 5283.3 | $ 4984.9 | $ 4579.4
for additional financial information for each of our business segments , refer to note 18 , 201cinformation on business segments , 201d to the consolidated financial statements in item 8 of this annual report on form other information raw materials . the table below indicates the principal raw materials used by each of our segments . these materials are available from a number of sources . volatility in the prices of commodities and energy used in making and distributing our products impacts the cost of manufacturing our products. .
Question:
what was the percentage growth in sales of cabinets from 2016 to 2017
Important information:
text_22: annual net sales for each of the last three fiscal years for each of our business segments were as follows : ( in millions ) 2017 2016 2015 .
table_1: ( in millions ) the cabinets of 2017 is $ 2467.1 ; the cabinets of 2016 is $ 2397.8 ; the cabinets of 2015 is $ 2173.4 ;
table_5: ( in millions ) the total of 2017 is $ 5283.3 ; the total of 2016 is $ 4984.9 ; the total of 2015 is $ 4579.4 ;
Reasoning Steps:
Step: minus2-1(2467.1, 2397.8) = 69.3
Step: divide2-2(#0, 2397.8) = 2.9%
Program:
subtract(2467.1, 2397.8), divide(#0, 2397.8)
Program (Nested):
divide(subtract(2467.1, 2397.8), 2397.8)
| finqa79 |
what was the ratio of the segment net sales in 2008 to 2009
Important information:
text_10: in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 40% ( 40 % ) in 2008 and 52% ( 52 % ) in 2007. .
table_1: ( dollars in millions ) the segment net sales of years ended december 31 2009 is $ 7146 ; the segment net sales of years ended december 31 2008 is $ 12099 ; the segment net sales of years ended december 31 2007 is $ 18988 ; the segment net sales of years ended december 31 2009 20142008 is ( 41 ) % ( % ) ; the segment net sales of 2008 20142007 is ( 36 ) % ( % ) ;
text_11: segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.1 billion , a decrease of 41% ( 41 % ) compared to net sales of $ 12.1 billion in 2008 .
Reasoning Steps:
Step: divide2-1(12099, 7146) = 1.69
Program:
divide(12099, 7146)
Program (Nested):
divide(12099, 7146)
| 1.69312 | 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 indemnification provisions : in addition , the company may provide indemnifications for losses that result from the breach of general warranties contained in certain commercial , intellectual property and divestiture agreements . historically , the company has not made significant payments under these agreements , nor have there been significant claims asserted against the company . however , there is an increasing risk in relation to intellectual property indemnities given the current legal climate . in indemnification cases , payment by the company is conditioned on the other party making a claim pursuant to the procedures specified in the particular contract , which procedures typically allow the company to challenge the other party 2019s claims . further , the company 2019s obligations under these agreements for indemnification based on breach of representations and warranties are generally limited in terms of duration , typically not more than 24 months , and for amounts not in excess of the contract value , and in some instances the company may have recourse against third parties for certain payments made by the company . legal matters : the company is a defendant in various lawsuits , claims and actions , which arise in the normal course of business . in the opinion of management , the ultimate disposition of these matters will not have a material adverse effect on the company 2019s consolidated financial position , liquidity or results of operations . segment information the following commentary should be read in conjunction with the financial results of each operating business segment as detailed in note 12 , 2018 2018information by segment and geographic region , 2019 2019 to the company 2019s consolidated financial statements . net sales and operating results for the company 2019s three operating business segments for 2009 , 2008 and 2007 are presented below . mobile devices segment the mobile devices segment designs , manufactures , sells and services wireless handsets , including smartphones , with integrated software and accessory products , and licenses intellectual property . in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 40% ( 40 % ) in 2008 and 52% ( 52 % ) in 2007. .
Table
( dollars in millions ) | years ended december 31 2009 | years ended december 31 2008 | years ended december 31 2007 | years ended december 31 2009 20142008 | 2008 20142007
segment net sales | $ 7146 | $ 12099 | $ 18988 | ( 41 ) % ( % ) | ( 36 ) % ( % )
operating earnings ( loss ) | -1077 ( 1077 ) | -2199 ( 2199 ) | -1201 ( 1201 ) | ( 51 ) % ( % ) | 83% ( 83 % )
segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.1 billion , a decrease of 41% ( 41 % ) compared to net sales of $ 12.1 billion in 2008 . the 41% ( 41 % ) decrease in net sales was primarily driven by a 45% ( 45 % ) decrease in unit shipments , partially offset by an 8% ( 8 % ) increase in average selling price ( 2018 2018asp 2019 2019 ) . the segment 2019s net sales were negatively impacted by reduced product offerings in large market segments , particularly 3g products , including smartphones , and the segment 2019s limited product offerings in very low-tier products . on a product technology basis , net sales decreased substantially for gsm , cdma and 3g technologies , partially offset by an increase in net sales for iden technology . on a geographic basis , net sales decreased substantially in latin america , the europe , middle east and african region ( 2018 2018emea 2019 2019 ) and asia and , to a lesser extent , decreased in north america . the segment incurred an operating loss of $ 1.1 billion in 2009 , an improvement of 51% ( 51 % ) compared to an operating loss of $ 2.2 billion in 2008 . the decrease in the operating loss was primarily due to decreases in : ( i ) selling , general and administrative ( 2018 2018sg&a 2019 2019 ) expenses , primarily due to lower marketing expenses and savings from cost-reduction initiatives , ( ii ) research and development ( 2018 2018r&d 2019 2019 ) expenditures , reflecting savings from cost-reduction initiatives , ( iii ) lower excess inventory and other related charges in 2009 than in 2008 , when the charges included a $ 370 million charge due to a decision to consolidate software and silicon platforms , and ( iv ) the absence in 2009 of a comparable $ 150 million charge in 2008 related to settlement of a purchase commitment , partially offset by a decrease in gross margin , driven by the 41% ( 41 % ) decrease in net sales . as a percentage of net sales in 2009 as compared to 2008 , gross margin and r&d expenditures increased and sg&a expenses decreased . the segment 2019s industry typically experiences short life cycles for new products . therefore , it is vital to the segment 2019s success that new , compelling products are continually introduced . accordingly , a strong commitment to .
Question:
what was the ratio of the segment net sales in 2008 to 2009
Important information:
text_10: in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 40% ( 40 % ) in 2008 and 52% ( 52 % ) in 2007. .
table_1: ( dollars in millions ) the segment net sales of years ended december 31 2009 is $ 7146 ; the segment net sales of years ended december 31 2008 is $ 12099 ; the segment net sales of years ended december 31 2007 is $ 18988 ; the segment net sales of years ended december 31 2009 20142008 is ( 41 ) % ( % ) ; the segment net sales of 2008 20142007 is ( 36 ) % ( % ) ;
text_11: segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.1 billion , a decrease of 41% ( 41 % ) compared to net sales of $ 12.1 billion in 2008 .
Reasoning Steps:
Step: divide2-1(12099, 7146) = 1.69
Program:
divide(12099, 7146)
Program (Nested):
divide(12099, 7146)
| finqa80 |
what is the percentage change in the weighted-average discount rate for u.s . pension plans from 2014 to 2015?
Important information:
table_1: the u.s . pension plans of 2015 is 4.30% ( 4.30 % ) ; the u.s . pension plans of 2014 is 3.95% ( 3.95 % ) ;
table_2: the non-u.s . pension plans of 2015 is 1.68% ( 1.68 % ) ; the non-u.s . pension plans of 2014 is 1.92% ( 1.92 % ) ;
text_38: pension and postretirement expense to approximately $ 209 million as compared with approximately $ 240 million in 2015 , excluding .
Reasoning Steps:
Step: minus1-1(4.30, 3.95) = 0.35
Step: divide1-2(#0, 3.95) = 8.9%
Program:
subtract(4.30, 3.95), divide(#0, 3.95)
Program (Nested):
divide(subtract(4.30, 3.95), 3.95)
| 0.08861 | 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 selection and disclosure of our critical accounting estimates have been discussed with our audit committee . the following is a discussion of the more significant assumptions , estimates , accounting policies and methods used in the preparation of our consolidated financial statements : 2022 revenue recognition - we recognize revenue when persuasive evidence of an arrangement exists , delivery of product has occurred , the sales price is fixed or determinable and collectability is reasonably assured . for our company , this means that revenue is recognized when title and risk of loss is transferred to our customers . title transfers to our customers upon shipment or upon receipt at the customer's location as determined by the sales terms for each transaction . the company estimates the cost of sales returns based on historical experience , and these estimates are normally immaterial . 2022 goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review . we perform our annual impairment analysis in the first quarter of each year . while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists , the company elects to perform the quantitative assessment for our annual impairment analysis . the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value . if the carrying value exceeds the fair value , goodwill or a non-amortizable intangible asset is considered impaired . to determine the fair value of goodwill , we primarily use a discounted cash flow model , supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry . at december 31 , 2015 , the carrying value of our goodwill was $ 7.4 billion , which is related to ten reporting units , each of which is comprised of a group of markets with similar economic characteristics . the estimated fair value of our ten reporting units exceeded the carrying value as of december 31 , 2015 . to determine the fair value of non-amortizable intangible assets , we primarily use a discounted cash flow model applying the relief-from-royalty method . we concluded that the fair value of our non-amortizable intangible assets exceeded the carrying value , and any reasonable movement in the assumptions would not result in an impairment . these discounted cash flow models include management assumptions relevant for forecasting operating cash flows , which are subject to changes in business conditions , such as volumes and prices , costs to produce , discount rates and estimated capital needs . management considers historical experience and all available information at the time the fair values are estimated , and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use . since the march 28 , 2008 , spin-off from altria , we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets . 2022 marketing and advertising costs - we incur certain costs to support our products through programs which include advertising , marketing , consumer engagement and trade promotions . the costs of our advertising and marketing programs are expensed in accordance with u.s . gaap . recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program . for volume-based incentives provided to customers , management continually assesses and estimates , by customer , the likelihood of the customer achieving the specified targets and records the reduction of revenue as the sales are made . for other trade promotions , management relies on estimated utilization rates that have been developed from historical experience . changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position , results of operations or operating cash flows . we have not made any material changes in the accounting methodology used to estimate our marketing programs during the past three years . 2022 employee benefit plans - as discussed in item 8 , note 13 . benefit plans to our consolidated financial statements , we provide a range of benefits to our employees and retired employees , including pensions , postretirement health care and postemployment benefits ( primarily severance ) . we record annual amounts relating to these plans based on calculations specified by u.s . gaap . these calculations include various actuarial assumptions , such as discount rates , assumed rates of return on plan assets , compensation increases , mortality , turnover rates and health care cost trend rates . we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so . as permitted by u.s . gaap , any effect of the modifications is generally amortized over future periods . we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries . weighted-average discount rate assumptions for pensions and postretirement plans are as follows: .
Table
| 2015 | 2014
u.s . pension plans | 4.30% ( 4.30 % ) | 3.95% ( 3.95 % )
non-u.s . pension plans | 1.68% ( 1.68 % ) | 1.92% ( 1.92 % )
postretirement plans | 4.45% ( 4.45 % ) | 4.20% ( 4.20 % )
we anticipate that assumption changes , coupled with decreased amortization of deferred losses , will decrease 2016 pre-tax u.s . and non- u.s . pension and postretirement expense to approximately $ 209 million as compared with approximately $ 240 million in 2015 , excluding .
Question:
what is the percentage change in the weighted-average discount rate for u.s . pension plans from 2014 to 2015?
Important information:
table_1: the u.s . pension plans of 2015 is 4.30% ( 4.30 % ) ; the u.s . pension plans of 2014 is 3.95% ( 3.95 % ) ;
table_2: the non-u.s . pension plans of 2015 is 1.68% ( 1.68 % ) ; the non-u.s . pension plans of 2014 is 1.92% ( 1.92 % ) ;
text_38: pension and postretirement expense to approximately $ 209 million as compared with approximately $ 240 million in 2015 , excluding .
Reasoning Steps:
Step: minus1-1(4.30, 3.95) = 0.35
Step: divide1-2(#0, 3.95) = 8.9%
Program:
subtract(4.30, 3.95), divide(#0, 3.95)
Program (Nested):
divide(subtract(4.30, 3.95), 3.95)
| finqa81 |
considering the year 2009 , what is the percentage of the segment's operating income among the total operating income?
Important information:
table_1: years ended december 31, the segment revenue of 2009 is $ 1267 ; the segment revenue of 2008 is $ 1356 ; the segment revenue of 2007 is $ 1345 ;
table_2: years ended december 31, the segment operating income of 2009 is 203 ; the segment operating income of 2008 is 208 ; the segment operating income of 2007 is 180 ;
table_3: years ended december 31, the segment operating income margin of 2009 is 16.0% ( 16.0 % ) ; the segment operating income margin of 2008 is 15.3% ( 15.3 % ) ; the segment operating income margin of 2007 is 13.4% ( 13.4 % ) ;
Reasoning Steps:
Step: divide1-1(203, 900) = 22.55%
Program:
divide(203, 900)
Program (Nested):
divide(203, 900)
| 0.22556 | 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 exiting a business in japan , economic weakness in asia and political unrest in thailand , partially offset by growth in new zealand and certain emerging markets . reinsurance commissions , fees and other revenue increased 48% ( 48 % ) , due mainly to the benfield merger , partially offset by unfavorable foreign currency translation . organic revenue is even with 2008 , as growth in domestic treaty business and slightly higher pricing was offset by greater client retention , and declines in investment banking and facultative placements . operating income operating income increased $ 54 million or 6% ( 6 % ) from 2008 to $ 900 million in 2009 . in 2009 , operating income margins in this segment were 14.3% ( 14.3 % ) , up 60 basis points from 13.7% ( 13.7 % ) in 2008 . contributing to increased operating income and margins were the merger with benfield , lower e&o costs due to insurance recoveries , a pension curtailment gain of $ 54 million in 2009 versus a curtailment loss of $ 6 million in 2008 , declines in anti-corruption and compliance initiative costs of $ 35 million , restructuring savings , and other cost savings initiatives . these items were partially offset by an increase of $ 140 million in restructuring costs , $ 95 million of lower fiduciary investment income , benfield integration costs and higher amortization of intangible assets obtained in the merger , and unfavorable foreign currency translation . consulting .
Table
years ended december 31, | 2009 | 2008 | 2007
segment revenue | $ 1267 | $ 1356 | $ 1345
segment operating income | 203 | 208 | 180
segment operating income margin | 16.0% ( 16.0 % ) | 15.3% ( 15.3 % ) | 13.4% ( 13.4 % )
our consulting segment generated 17% ( 17 % ) of our consolidated total revenues in 2009 and provides a broad range of human capital consulting services , as follows : consulting services : 1 . health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees . benefits consulting include 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 . 2 . retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration . 3 . 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 . 4 . 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 offers employment processing , performance improvement , benefits administration and other employment-related services . beginning in late 2008 and continuing throughout 2009 , the disruption in the global credit markets and the deterioration of the financial markets has created significant uncertainty in the marketplace . the prolonged economic downturn is adversely impacting our clients 2019 financial condition and 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 depressing the price of those services , which is having an adverse effect on our new business and results of operations. .
Question:
considering the year 2009 , what is the percentage of the segment's operating income among the total operating income?
Important information:
table_1: years ended december 31, the segment revenue of 2009 is $ 1267 ; the segment revenue of 2008 is $ 1356 ; the segment revenue of 2007 is $ 1345 ;
table_2: years ended december 31, the segment operating income of 2009 is 203 ; the segment operating income of 2008 is 208 ; the segment operating income of 2007 is 180 ;
table_3: years ended december 31, the segment operating income margin of 2009 is 16.0% ( 16.0 % ) ; the segment operating income margin of 2008 is 15.3% ( 15.3 % ) ; the segment operating income margin of 2007 is 13.4% ( 13.4 % ) ;
Reasoning Steps:
Step: divide1-1(203, 900) = 22.55%
Program:
divide(203, 900)
Program (Nested):
divide(203, 900)
| finqa82 |
what was the percentage cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock for the period ended december 30 , 2006?
Important information:
text_3: nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends .
table_1: the cadence design systems inc . of december 29 2001 is 100.00 ; the cadence design systems inc . of december 28 2002 is 54.38 ; the cadence design systems inc . of january 3 2004 is 81.52 ; the cadence design systems inc . of january 1 2005 is 61.65 ; the cadence design systems inc . of december 31 2005 is 75.54 ; the cadence design systems inc . of december 30 2006 is 79.96 ;
table_2: the s & p 500 of december 29 2001 is 100.00 ; the s & p 500 of december 28 2002 is 77.90 ; the s & p 500 of january 3 2004 is 100.24 ; the s & p 500 of january 1 2005 is 111.15 ; the s & p 500 of december 31 2005 is 116.61 ; the s & p 500 of december 30 2006 is 135.03 ;
Reasoning Steps:
Step: minus1-1(79.96, const_100) = -20.04
Step: divide1-2(#0, const_100) = -20.04%
Program:
subtract(79.96, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(79.96, const_100), const_100)
| -0.2004 | 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 graph compares the cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock relative to the cumulative total returns of the s & p 500 index , the nasdaq composite index and the s & p information technology index . the graph assumes that the value of the investment in the company 2019s common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on december 29 , 2001 and tracks it through december 30 , 2006 . comparison of 5 year cumulative total return* among cadence design systems , inc. , the s & p 500 index , the nasdaq composite index and the s & p information technology index 12/30/0612/31/051/1/051/3/0412/28/0212/29/01 cadence design systems , inc . nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends . indexes calculated on month-end basis . copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm december 29 , december 28 , january 3 , january 1 , december 31 , december 30 .
Table
| december 29 2001 | december 28 2002 | january 3 2004 | january 1 2005 | december 31 2005 | december 30 2006
cadence design systems inc . | 100.00 | 54.38 | 81.52 | 61.65 | 75.54 | 79.96
s & p 500 | 100.00 | 77.90 | 100.24 | 111.15 | 116.61 | 135.03
nasdaq composite | 100.00 | 71.97 | 107.18 | 117.07 | 120.50 | 137.02
s & p information technology | 100.00 | 62.59 | 92.14 | 94.50 | 95.44 | 103.47
.
Question:
what was the percentage cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock for the period ended december 30 , 2006?
Important information:
text_3: nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends .
table_1: the cadence design systems inc . of december 29 2001 is 100.00 ; the cadence design systems inc . of december 28 2002 is 54.38 ; the cadence design systems inc . of january 3 2004 is 81.52 ; the cadence design systems inc . of january 1 2005 is 61.65 ; the cadence design systems inc . of december 31 2005 is 75.54 ; the cadence design systems inc . of december 30 2006 is 79.96 ;
table_2: the s & p 500 of december 29 2001 is 100.00 ; the s & p 500 of december 28 2002 is 77.90 ; the s & p 500 of january 3 2004 is 100.24 ; the s & p 500 of january 1 2005 is 111.15 ; the s & p 500 of december 31 2005 is 116.61 ; the s & p 500 of december 30 2006 is 135.03 ;
Reasoning Steps:
Step: minus1-1(79.96, const_100) = -20.04
Step: divide1-2(#0, const_100) = -20.04%
Program:
subtract(79.96, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(79.96, const_100), const_100)
| finqa83 |
what is the percent change in minimum annual rental payment between 2010 and 2011?
Important information:
text_1: notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , five month period ended december 31 , 2005 , and year ended july 31 , 2005 ( amounts in thousands , except share and per share amounts ) aggregate future minimum annual rental payments for the next five years and thereafter under non-cancellable operating leases ( including facilities and equipment ) as of december 31 , 2007 are: .
table_2: 2008 the 2010 of $ 4935 is 3160 ;
table_3: 2008 the 2011 of $ 4935 is 3200 ;
Key Information: alexion pharmaceuticals , inc .
Reasoning Steps:
Step: minus2-1(3200, 3160) = 40
Step: divide2-2(#0, 3160) = 1.3%
Program:
subtract(3200, 3160), divide(#0, 3160)
Program (Nested):
divide(subtract(3200, 3160), 3160)
| 0.01266 | 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:
alexion pharmaceuticals , inc . notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , five month period ended december 31 , 2005 , and year ended july 31 , 2005 ( amounts in thousands , except share and per share amounts ) aggregate future minimum annual rental payments for the next five years and thereafter under non-cancellable operating leases ( including facilities and equipment ) as of december 31 , 2007 are: .
Table
2008 | $ 4935
2009 | 3144
2010 | 3160
2011 | 3200
2012 | 2768
thereafter | 9934
9 . commitments and contingencies legal proceedings on march 16 , 2007 , pdl biopharma , inc. , or pdl , filed a civil action against alexion in the u.s . district court for the district of delaware . pdl claims willful infringement by alexion of pdl patents due to sales of soliris . pdl seeks unspecified damages , but no less than a reasonable royalty , plus attorney 2019s fees . alexion has denied pdl's claims . in addition , we filed counterclaims seeking declarations of non-infringement and invalidity of certain u.s . patents held by pdl . alexion believes it has good and valid defenses to pdl's claims and intends to vigorously defend the case and pursue its counterclaims . on february 4 , 2008 , sb2 , inc . filed a civil action against alexion in the united states district court for the northern district of california . sb2 , inc . claims willfull infringement by alexion of sb2 , inc . patents due to sales of soliris . sb2 , inc . seeks unspecified monetary damages , equitable relief and attorneys fees . alexion believes it has good and valid defenses to sb2's claims and intends to vigorously defend the case and pursue its counterclaims . the results of such civil actions cannot be predicted with certainty due to their early stages . however , depending on the outcome of these legal matters , the operating results of the company could be materially impacted through adjustments to cost of sales ( see notes 2 , 6 and 15 for additional information related to royalties ) . product supply the large-scale product supply agreement dated december 18 , 2002 , or the lonza agreement , between lonza sales ag , or lonza , and us , relating to the manufacture of soliris , was amended in june 2007 . we amended our supply agreement to provide for additional purchase commitments of soliris of $ 30000 to $ 35000 through 2013 . such commitments may only be cancelled in limited circumstances. .
Question:
what is the percent change in minimum annual rental payment between 2010 and 2011?
Important information:
text_1: notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , five month period ended december 31 , 2005 , and year ended july 31 , 2005 ( amounts in thousands , except share and per share amounts ) aggregate future minimum annual rental payments for the next five years and thereafter under non-cancellable operating leases ( including facilities and equipment ) as of december 31 , 2007 are: .
table_2: 2008 the 2010 of $ 4935 is 3160 ;
table_3: 2008 the 2011 of $ 4935 is 3200 ;
Key Information: alexion pharmaceuticals , inc .
Reasoning Steps:
Step: minus2-1(3200, 3160) = 40
Step: divide2-2(#0, 3160) = 1.3%
Program:
subtract(3200, 3160), divide(#0, 3160)
Program (Nested):
divide(subtract(3200, 3160), 3160)
| finqa84 |
what was the percentage change in the unrecognized tax benefits from 2015 to 2016?
Important information:
text_0: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2016 , 2015 , and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
table_1: december 31, the balance at january 1 of 2016 is $ 373 ; the balance at january 1 of 2015 is $ 394 ; the balance at january 1 of 2014 is $ 392 ;
table_8: december 31, the balance at december 31 of 2016 is $ 369 ; the balance at december 31 of 2015 is $ 373 ; the balance at december 31 of 2014 is $ 394 ;
Reasoning Steps:
Step: minus2-1(369, 373) = -4
Step: divide2-2(#0, 373) = -1%
Program:
subtract(369, 373), divide(#0, 373)
Program (Nested):
divide(subtract(369, 373), 373)
| -0.01072 | 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 aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2016 , 2015 , and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
Table
december 31, | 2016 | 2015 | 2014
balance at january 1 | $ 373 | $ 394 | $ 392
additions for current year tax positions | 8 | 7 | 7
additions for tax positions of prior years | 1 | 12 | 14
reductions for tax positions of prior years | -1 ( 1 ) | -7 ( 7 ) | -2 ( 2 )
effects of foreign currency translation | 2 | -7 ( 7 ) | -3 ( 3 )
settlements | -13 ( 13 ) | -19 ( 19 ) | -2 ( 2 )
lapse of statute of limitations | -1 ( 1 ) | -7 ( 7 ) | -12 ( 12 )
balance at december 31 | $ 369 | $ 373 | $ 394
the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years . the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded . while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits . however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty . it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2016 . our effective tax rate and net income in any given future period could therefore be materially impacted . 22 . discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016 , management has decided to pursue a strategic shift of its distribution companies in brazil , aes sul and eletropaulo . the disposal of sul was completed in october 2016 . in december 2016 , eletropaulo underwent a corporate restructuring which is expected to , among other things , provide more liquidity of its shares . aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business , including preparation for listing its shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance . the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016 . we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented . upon meeting the held-for-sale criteria , the company recognized an after tax loss of $ 382 million comprised of a pretax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in aes sul . prior to the impairment charge in the second quarter , the carrying value of the aes sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell . however , the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group . on october 31 , 2016 , the company completed the sale of aes sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration . upon disposal of aes sul , we incurred an additional after- tax loss on sale of $ 737 million . the cumulative impact to earnings of the impairment and loss on sale was $ 1.1 billion . this includes the reclassification of approximately $ 1 billion of cumulative translation losses , resulting in a net reduction to the company 2019s stockholders 2019 equity of $ 92 million . sul 2019s pretax loss attributable to aes for the years ended december 31 , 2016 and 2015 was $ 1.4 billion and $ 32 million , respectively . sul 2019s pretax gain attributable to aes for the year ended december 31 , 2014 was $ 133 million . prior to its classification as discontinued operations , sul was reported in the brazil sbu reportable segment . as discussed in note 1 2014general and summary of significant accounting policies , effective july 1 , 2014 , the company prospectively adopted asu no . 2014-08 . discontinued operations prior to adoption of asu no . 2014-08 include the results of cameroon , saurashtra and various u.s . wind projects which were each sold in the first half of cameroon 2014 in september 2013 , the company executed agreements for the sale of its 56% ( 56 % ) equity interests in businesses in cameroon : sonel , an integrated utility , kribi , a gas and light fuel oil plant , and dibamba , a heavy .
Question:
what was the percentage change in the unrecognized tax benefits from 2015 to 2016?
Important information:
text_0: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2016 , 2015 , and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
table_1: december 31, the balance at january 1 of 2016 is $ 373 ; the balance at january 1 of 2015 is $ 394 ; the balance at january 1 of 2014 is $ 392 ;
table_8: december 31, the balance at december 31 of 2016 is $ 369 ; the balance at december 31 of 2015 is $ 373 ; the balance at december 31 of 2014 is $ 394 ;
Reasoning Steps:
Step: minus2-1(369, 373) = -4
Step: divide2-2(#0, 373) = -1%
Program:
subtract(369, 373), divide(#0, 373)
Program (Nested):
divide(subtract(369, 373), 373)
| finqa85 |
what was the average potential anti-dilutive share conversions from 2008 to 2010
Important information:
text_0: n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years .
text_1: for the years ended december 31 , 2010 , 2009 , and 2008 , the potential anti-dilutive share conversions were 256868 shares , 1230881 shares , and 638401 shares , respectively .
text_21: subsidiaries at and for the years ended december 31 , 2010 , 2009 , and 2008. .
Key Information: n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years .
Reasoning Steps:
Step: add1-1(256868, 1230881) = 1487749
Step: add1-2(638401, #0) = 2126150
Step: add1-3(#1, const_3) = 1417433.2
Step: divide0-0(#2, const_2) = 708716.6
Program:
add(256868, 1230881), add(638401, #0), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(638401, add(256868, 1230881)), const_3), const_2)
| 1063076.5 | 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:
n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years . for the years ended december 31 , 2010 , 2009 , and 2008 , the potential anti-dilutive share conversions were 256868 shares , 1230881 shares , and 638401 shares , respectively . 19 . related party transactions the ace foundation 2013 bermuda is an unconsolidated not-for-profit organization whose primary purpose is to fund charitable causes in bermuda . the trustees are principally comprised of ace management . the company maintains a non-interest bear- ing demand note receivable from the ace foundation 2013 bermuda , the balance of which was $ 30 million and $ 31 million , at december 31 , 2010 and 2009 , respectively . the receivable is included in other assets in the accompanying consolidated balance sheets . the borrower has used the related proceeds to finance investments in bermuda real estate , some of which have been rented to ace employees at rates established by independent , professional real estate appraisers . the borrower uses income from the investments to both repay the note and to fund charitable activities . accordingly , the company reports the demand note at the lower of its principal value or the fair value of assets held by the borrower to repay the loan , including the real estate properties . 20 . statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate . these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities . there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries . the company 2019s u.s . subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators . statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items . the statutory capital and surplus of the u.s . subsidiaries met regulatory requirements for 2010 , 2009 , and 2008 . the amount of dividends available to be paid in 2011 , without prior approval from the state insurance departments , totals $ 850 million . the following table presents the combined statutory capital and surplus and statutory net income of the bermuda and u.s . subsidiaries at and for the years ended december 31 , 2010 , 2009 , and 2008. .
Table
( in millions of u.s . dollars ) | bermuda subsidiaries 2010 | bermuda subsidiaries 2009 | bermuda subsidiaries 2008 | bermuda subsidiaries 2010 | bermuda subsidiaries 2009 | 2008
statutory capital and surplus | $ 11798 | $ 9164 | $ 6205 | $ 6266 | $ 5885 | $ 5368
statutory net income | $ 2430 | $ 2369 | $ 2196 | $ 1047 | $ 904 | $ 818
as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s . subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 206 million , $ 215 million , and $ 211 million at december 31 , 2010 , 2009 , and 2008 , respectively . the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations . some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements . in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business . these licenses may be subject to reserves and minimum capital and solvency tests . jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements. .
Question:
what was the average potential anti-dilutive share conversions from 2008 to 2010
Important information:
text_0: n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years .
text_1: for the years ended december 31 , 2010 , 2009 , and 2008 , the potential anti-dilutive share conversions were 256868 shares , 1230881 shares , and 638401 shares , respectively .
text_21: subsidiaries at and for the years ended december 31 , 2010 , 2009 , and 2008. .
Key Information: n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years .
Reasoning Steps:
Step: add1-1(256868, 1230881) = 1487749
Step: add1-2(638401, #0) = 2126150
Step: add1-3(#1, const_3) = 1417433.2
Step: divide0-0(#2, const_2) = 708716.6
Program:
add(256868, 1230881), add(638401, #0), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(638401, add(256868, 1230881)), const_3), const_2)
| finqa86 |
what was the change in rent expenses between 2011 and 2012?
Important information:
table_3: in millions the total of 2013 is $ 3411 ; the total of 2014 is $ 964 ; the total of 2015 is $ 828 ; the total of 2016 is $ 690 ; the total of 2017 is $ 858 ; the total of thereafter is $ 2795 ;
text_2: rent expense was $ 231 million , $ 205 million and $ 210 million for 2012 , 2011 and 2010 , respectively .
text_18: in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 46 million at december 31 , 2012 .
Reasoning Steps:
Step: minus1-1(231, 205) = 26
Program:
subtract(231, 205)
Program (Nested):
subtract(231, 205)
| 26.0 | 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:
at december 31 , 2012 , total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows: .
Table
in millions | 2013 | 2014 | 2015 | 2016 | 2017 | thereafter
lease obligations | $ 198 | $ 136 | $ 106 | $ 70 | $ 50 | $ 141
purchase obligations ( a ) | 3213 | 828 | 722 | 620 | 808 | 2654
total | $ 3411 | $ 964 | $ 828 | $ 690 | $ 858 | $ 2795
( a ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquis- ition of weyerhaeuser company 2019s containerboard , packaging and recycling business . rent expense was $ 231 million , $ 205 million and $ 210 million for 2012 , 2011 and 2010 , respectively . guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , interna- tional paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters . where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction . environmental proceedings international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , includ- ing the comprehensive environmental response , compensation and liability act ( cercla ) . many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources . while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties . remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable . international paper has estimated the probable liability associated with these matters to be approximately $ 92 million in the aggregate at december 31 , 2012 . one of the matters referenced above is a closed wood treating facility located in cass lake , minneso- ta . during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a site remediation feasi- bility study . in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million . the overall remediation reserve for the site is currently $ 48 mil- lion to address this selection of an alternative for the soil remediation component of the overall site remedy . in october 2011 , the epa released a public statement indicating that the final soil remedy deci- sion would be delayed . in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean-up alternative , the remediation costs could be material , and sig- nificantly higher than amounts currently recorded . in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to per- form a natural resource damage assessment . it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred . in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 46 million at december 31 , 2012 . other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements . the company is a potentially responsible party with respect to the allied paper , inc./portage creek/ kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan . the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the river , including a paper mill formerly owned by st . regis . the company is a successor in interest to st . regis . international paper has not received any orders from the epa with respect to the site and is in the process of collecting information from the epa and other parties relative to the kalamazoo river superfund site to evaluate the extent of its liability , if any , with respect to the site . accordingly , it is pre- mature to estimate a loss or range of loss with respect to this site . also in connection with the kalamazoo river superfund site , the company was named as a defendant by georgia-pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the kalamazoo river super- fund site . the suit seeks contribution under cercla for $ 79 million in costs purportedly expended by plaintiffs as of the filing of the com- plaint , and for future remediation costs . the suit alleges that a mill , during the time it was allegedly owned and operated by st . regis , discharged pcb contaminated solids and paper residuals resulting from paper de-inking and recycling . also named as defendants in the suit are ncr corporation and weyerhaeuser company . in mid-2011 , the suit was .
Question:
what was the change in rent expenses between 2011 and 2012?
Important information:
table_3: in millions the total of 2013 is $ 3411 ; the total of 2014 is $ 964 ; the total of 2015 is $ 828 ; the total of 2016 is $ 690 ; the total of 2017 is $ 858 ; the total of thereafter is $ 2795 ;
text_2: rent expense was $ 231 million , $ 205 million and $ 210 million for 2012 , 2011 and 2010 , respectively .
text_18: in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 46 million at december 31 , 2012 .
Reasoning Steps:
Step: minus1-1(231, 205) = 26
Program:
subtract(231, 205)
Program (Nested):
subtract(231, 205)
| finqa87 |
what is the percentage change in credit net from 2016 to 2017?
Important information:
table_4: $ in millions the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ 1505 ; the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 2504 ;
table_6: $ in millions the credit spreads ( bps ) of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is 1 to 633 ( 69/42 ) ; the credit spreads ( bps ) of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is 1 to 993 ( 122/73 ) ;
table_9: $ in millions the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ -181 ( 181 ) ; the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 3 ;
Reasoning Steps:
Step: minus1-1(1505, 2504) = -999
Step: divide1-2(#0, 2504) = -39.9%
Program:
subtract(1505, 2504), divide(#0, 2504)
Program (Nested):
divide(subtract(1505, 2504), 2504)
| -0.39896 | 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 goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure . 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels . where the counterparty netting is across levels , the netting is included in cross-level counterparty netting . 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives . level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 .
Table
$ in millions | level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 | level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016
interest rates net | $ -410 ( 410 ) | $ -381 ( 381 )
correlation | ( 10 ) % ( % ) to 95% ( 95 % ) ( 71%/79% ( 71%/79 % ) ) | ( 10 ) % ( % ) to 86% ( 86 % ) ( 56%/60% ( 56%/60 % ) )
volatility ( bps ) | 31 to 150 ( 84/78 ) | 31 to 151 ( 84/57 )
credit net | $ 1505 | $ 2504
correlation | 28% ( 28 % ) to 84% ( 84 % ) ( 61%/60% ( 61%/60 % ) ) | 35% ( 35 % ) to 91% ( 91 % ) ( 65%/68% ( 65%/68 % ) )
credit spreads ( bps ) | 1 to 633 ( 69/42 ) | 1 to 993 ( 122/73 )
upfront credit points | 0 to 97 ( 42/38 ) | 0 to 100 ( 43/35 )
recovery rates | 22% ( 22 % ) to 73% ( 73 % ) ( 68%/73% ( 68%/73 % ) ) | 1% ( 1 % ) to 97% ( 97 % ) ( 58%/70% ( 58%/70 % ) )
currencies net | $ -181 ( 181 ) | $ 3
correlation | 49% ( 49 % ) to 72% ( 72 % ) ( 61%/62% ( 61%/62 % ) ) | 25% ( 25 % ) to 70% ( 70 % ) ( 50%/55% ( 50%/55 % ) )
commodities net | $ 47 | $ 73
volatility | 9% ( 9 % ) to 79% ( 79 % ) ( 24%/24% ( 24%/24 % ) ) | 13% ( 13 % ) to 68% ( 68 % ) ( 33%/33% ( 33%/33 % ) )
natural gas spread | $ ( 2.38 ) to $ 3.34 ( $ ( 0.22 ) /$ ( 0.12 ) ) | $ ( 1.81 ) to $ 4.33 ( $ ( 0.14 ) /$ ( 0.05 ) )
oil spread | $ ( 2.86 ) to $ 23.61 ( $ 6.47/$ 2.35 ) | $ ( 19.72 ) to $ 64.92 ( $ 25.30/$ 16.43 )
equities net | $ -1249 ( 1249 ) | $ -3416 ( 3416 )
correlation | ( 36 ) % ( % ) to 94% ( 94 % ) ( 50%/52% ( 50%/52 % ) ) | ( 39 ) % ( % ) to 88% ( 88 % ) ( 41%/41% ( 41%/41 % ) )
volatility | 4% ( 4 % ) to 72% ( 72 % ) ( 24%/22% ( 24%/22 % ) ) | 5% ( 5 % ) to 72% ( 72 % ) ( 24%/23% ( 24%/23 % ) )
in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative . 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments . an average greater than the median indicates that the majority of inputs are below the average . for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range . 2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative . for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative . accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives . 2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models . 2030 the fair value of any one instrument may be determined using multiple valuation techniques . for example , option pricing models and discounted cash flows models are typically used together to determine fair value . therefore , the level 3 balance encompasses both of these techniques . 2030 correlation within currencies and equities includes cross- product type correlation . 2030 natural gas spread represents the spread per million british thermal units of natural gas . 2030 oil spread represents the spread per barrel of oil and refined products . range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation . ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions . generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type . 2030 volatility . ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices . for example , volatility of equity indices is generally lower than volatility of single stocks . 2030 credit spreads , upfront credit points and recovery rates . the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) . the broad range of this population gives rise to the width of the ranges of significant unobservable inputs . 130 goldman sachs 2017 form 10-k .
Question:
what is the percentage change in credit net from 2016 to 2017?
Important information:
table_4: $ in millions the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ 1505 ; the credit net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 2504 ;
table_6: $ in millions the credit spreads ( bps ) of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is 1 to 633 ( 69/42 ) ; the credit spreads ( bps ) of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is 1 to 993 ( 122/73 ) ;
table_9: $ in millions the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017 is $ -181 ( 181 ) ; the currencies net of level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016 is $ 3 ;
Reasoning Steps:
Step: minus1-1(1505, 2504) = -999
Step: divide1-2(#0, 2504) = -39.9%
Program:
subtract(1505, 2504), divide(#0, 2504)
Program (Nested):
divide(subtract(1505, 2504), 2504)
| finqa88 |
considering the reverse stock split , what was the percentual reduction of the common stock outstanding shares?
Important information:
text_3: prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) .
text_4: as a result of the reverse stock split , every three shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share .
text_5: the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares .
Reasoning Steps:
Step: divide1-1(0.4, 1.3) = 0.3076
Step: minus1-2(const_1, #0) = 69.24%
Program:
divide(0.4, 1.3), subtract(const_1, #0)
Program (Nested):
subtract(const_1, divide(0.4, 1.3))
| 0.69231 | 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 company 2019s common stock is listed on the new york stock exchange . prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) . as a result of the reverse stock split , every three shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share . the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares . the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6 , 2016 . on november 1 , 2016 , the company completed the separation of its business into two independent , publicly traded companies : the company and alcoa corporation . the separation was effected by means of a pro rata distribution by the company of 80.1% ( 80.1 % ) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders . the company 2019s shareholders of record as of the close of business on october 20 , 2016 ( the 201crecord date 201d ) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date . the company retained 19.9% ( 19.9 % ) of the outstanding common stock of alcoa corporation immediately following the separation . see disposition of retained shares in note c to the consolidated financial statements in part ii item 8 of this form 10-k . the following table sets forth , for the periods indicated , the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange , adjusted to take into account the reverse stock split effected on october 6 , 2016 . the prices listed below for those dates prior to november 1 , 2016 reflect stock trading prices of alcoa inc . prior to the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to the company 2019s post-separation prices. .
Table
quarter | 2017 high | 2017 low | 2017 dividend | 2017 high | 2017 low | dividend
first | $ 30.69 | $ 18.64 | $ 0.06 | $ 30.66 | $ 18.42 | $ 0.09
second | 28.65 | 21.76 | 0.06 | 34.50 | 26.34 | 0.09
third | 26.84 | 22.67 | 0.06 | 32.91 | 27.09 | 0.09
fourth ( separation occurred on november 1 2016 ) | 27.85 | 22.74 | 0.06 | 32.10 | 16.75 | 0.09
year | $ 30.69 | $ 18.64 | $ 0.24 | $ 34.50 | $ 16.75 | $ 0.36
the number of holders of record of common stock was approximately 12271 as of february 16 , 2018. .
Question:
considering the reverse stock split , what was the percentual reduction of the common stock outstanding shares?
Important information:
text_3: prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) .
text_4: as a result of the reverse stock split , every three shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share .
text_5: the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares .
Reasoning Steps:
Step: divide1-1(0.4, 1.3) = 0.3076
Step: minus1-2(const_1, #0) = 69.24%
Program:
divide(0.4, 1.3), subtract(const_1, #0)
Program (Nested):
subtract(const_1, divide(0.4, 1.3))
| finqa89 |
as of december 312019 what was the percentage of restricted cash that was proceeds from the issuance of tax-exempt bonds
Important information:
table_1: the balance at beginning of year of 2009 is $ 65.7 ; the balance at beginning of year of 2008 is $ 14.7 ; the balance at beginning of year of 2007 is $ 18.8 ;
table_5: the balance at end of year of 2009 is $ 55.2 ; the balance at end of year of 2008 is $ 65.7 ; the balance at end of year of 2007 is $ 14.7 ;
text_21: restricted cash as of december 31 , 2009 , we had $ 236.6 million of restricted cash , of which $ 93.1 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital republic services , inc .
Reasoning Steps:
Step: divide2-1(93.1, 236.6) = 39.3%
Program:
divide(93.1, 236.6)
Program (Nested):
divide(93.1, 236.6)
| 0.39349 | 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 our primary disbursement accounts which were reclassified as accounts payable and other accrued liabilities on our consolidated balance sheet . concentration of credit risk financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents , trade accounts receivable and derivative instruments . we place our cash and cash equivalents with high quality financial institutions . such balances may be in excess of fdic insured limits . in order to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits . concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas . we provide services to commercial , industrial , municipal and residential customers in the united states and puerto rico . we perform ongoing credit evaluations of our customers , but do not require collateral to support customer receivables . we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information . no customer exceeded 5% ( 5 % ) of our outstanding accounts receivable balance at december 31 , 2009 or 2008 . accounts receivable , net of allowance for doubtful accounts accounts receivable represent receivables from customers for collection , transfer , recycling , disposal and other services . our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash . the carrying value of our receivables , net of the allowance for doubtful accounts , represents their estimated net realizable value . provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions . we also review outstanding balances on an account-specific basis . in general , reserves are provided for accounts receivable in excess of ninety days old . past due receivable balances are written-off when our collection efforts have been unsuccess- ful in collecting amounts due . the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31 , 2009 , 2008 and 2007: .
Table
| 2009 | 2008 | 2007
balance at beginning of year | $ 65.7 | $ 14.7 | $ 18.8
additions charged to expense | 27.3 | 36.5 | 3.9
accounts written-off | -37.8 ( 37.8 ) | -12.7 ( 12.7 ) | -7.8 ( 7.8 )
acquisitions | - | 27.2 | -0.2 ( 0.2 )
balance at end of year | $ 55.2 | $ 65.7 | $ 14.7
subsequent to our acquisition of allied , we recorded a provision for doubtful accounts of $ 14.2 million to adjust the allowance acquired from allied to conform to republic 2019s accounting policies . we also recorded $ 5.4 million to provide for specific bankruptcy exposures in 2008 . in 2007 , we recorded a $ 4.3 million reduction in our allowance for doubtful accounts as a result of refining our estimate of the allowance based on our historical collection experience . restricted cash as of december 31 , 2009 , we had $ 236.6 million of restricted cash , of which $ 93.1 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital republic services , inc . and subsidiaries notes to consolidated financial statements , continued .
Question:
as of december 312019 what was the percentage of restricted cash that was proceeds from the issuance of tax-exempt bonds
Important information:
table_1: the balance at beginning of year of 2009 is $ 65.7 ; the balance at beginning of year of 2008 is $ 14.7 ; the balance at beginning of year of 2007 is $ 18.8 ;
table_5: the balance at end of year of 2009 is $ 55.2 ; the balance at end of year of 2008 is $ 65.7 ; the balance at end of year of 2007 is $ 14.7 ;
text_21: restricted cash as of december 31 , 2009 , we had $ 236.6 million of restricted cash , of which $ 93.1 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital republic services , inc .
Reasoning Steps:
Step: divide2-1(93.1, 236.6) = 39.3%
Program:
divide(93.1, 236.6)
Program (Nested):
divide(93.1, 236.6)
| finqa90 |
what is the carrying value of notes due by 2017 ? in millions $ .
Important information:
table_3: ( in millions ) the 6.25% ( 6.25 % ) notes due 2017 of maturity amount is 700 ; the 6.25% ( 6.25 % ) notes due 2017 of unamortized discount is -2 ( 2 ) ; the 6.25% ( 6.25 % ) notes due 2017 of carrying value is 698 ; the 6.25% ( 6.25 % ) notes due 2017 of fair value is 812 ;
table_4: ( in millions ) the 5.00% ( 5.00 % ) notes due 2019 of maturity amount is 1000 ; the 5.00% ( 5.00 % ) notes due 2019 of unamortized discount is -2 ( 2 ) ; the 5.00% ( 5.00 % ) notes due 2019 of carrying value is 998 ; the 5.00% ( 5.00 % ) notes due 2019 of fair value is 1140 ;
table_6: ( in millions ) the 3.375% ( 3.375 % ) notes due 2022 of maturity amount is 750 ; the 3.375% ( 3.375 % ) notes due 2022 of unamortized discount is -4 ( 4 ) ; the 3.375% ( 3.375 % ) notes due 2022 of carrying value is 746 ; the 3.375% ( 3.375 % ) notes due 2022 of fair value is 745 ;
Reasoning Steps:
Step: add2-1(1000, 750) = 1750
Step: add2-2(#0, 698) = 2448
Program:
add(1000, 750), add(#0, 698)
Program (Nested):
add(add(1000, 750), 698)
| 2448.0 | 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:
long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2013 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value .
Table
( in millions ) | maturity amount | unamortized discount | carrying value | fair value
3.50% ( 3.50 % ) notes due 2014 | $ 1000 | $ 2014 | $ 1000 | $ 1029
1.375% ( 1.375 % ) notes due 2015 | 750 | 2014 | 750 | 759
6.25% ( 6.25 % ) notes due 2017 | 700 | -2 ( 2 ) | 698 | 812
5.00% ( 5.00 % ) notes due 2019 | 1000 | -2 ( 2 ) | 998 | 1140
4.25% ( 4.25 % ) notes due 2021 | 750 | -3 ( 3 ) | 747 | 799
3.375% ( 3.375 % ) notes due 2022 | 750 | -4 ( 4 ) | 746 | 745
total long-term borrowings | $ 4950 | $ -11 ( 11 ) | $ 4939 | $ 5284
long-term borrowings at december 31 , 2012 had a carrying value of $ 5.687 billion and a fair value of $ 6.275 billion determined using market prices at the end of december 2012 . 2015 and 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes . at december 31 , 2013 , $ 5 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2013 and 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2021 notes were issued at a discount of $ 4 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs for the $ 1.5 billion note issuances , which are being amortized over the respective terms of the notes . at december 31 , 2013 , $ 3 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . in may 2011 , in conjunction with the issuance of the 2013 floating rate notes , the company entered into a $ 750 million notional interest rate swap maturing in 2013 to hedge the future cash flows of its obligation at a fixed rate of 1.03% ( 1.03 % ) . during the second quarter of 2013 , the interest rate swap matured and the 2013 floating rate notes were fully repaid . 2012 , 2014 and 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2014 and 2019 , respectively . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors ( 201cbgi 201d ) from barclays on december 1 , 2009 ( the 201cbgi transaction 201d ) , and for general corporate purposes . interest on the 2014 notes and 2019 notes of approximately $ 35 million and $ 50 million per year , respectively , is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . these notes were issued collectively at a discount of $ 5 million , which is being amortized over the respective terms of the notes . the company incurred approximately $ 13 million of debt issuance costs , which are being amortized over the respective terms of these notes . at december 31 , 2013 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund of funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior .
Question:
what is the carrying value of notes due by 2017 ? in millions $ .
Important information:
table_3: ( in millions ) the 6.25% ( 6.25 % ) notes due 2017 of maturity amount is 700 ; the 6.25% ( 6.25 % ) notes due 2017 of unamortized discount is -2 ( 2 ) ; the 6.25% ( 6.25 % ) notes due 2017 of carrying value is 698 ; the 6.25% ( 6.25 % ) notes due 2017 of fair value is 812 ;
table_4: ( in millions ) the 5.00% ( 5.00 % ) notes due 2019 of maturity amount is 1000 ; the 5.00% ( 5.00 % ) notes due 2019 of unamortized discount is -2 ( 2 ) ; the 5.00% ( 5.00 % ) notes due 2019 of carrying value is 998 ; the 5.00% ( 5.00 % ) notes due 2019 of fair value is 1140 ;
table_6: ( in millions ) the 3.375% ( 3.375 % ) notes due 2022 of maturity amount is 750 ; the 3.375% ( 3.375 % ) notes due 2022 of unamortized discount is -4 ( 4 ) ; the 3.375% ( 3.375 % ) notes due 2022 of carrying value is 746 ; the 3.375% ( 3.375 % ) notes due 2022 of fair value is 745 ;
Reasoning Steps:
Step: add2-1(1000, 750) = 1750
Step: add2-2(#0, 698) = 2448
Program:
add(1000, 750), add(#0, 698)
Program (Nested):
add(add(1000, 750), 698)
| finqa91 |
what is the roi of an investment in s&p500 index from 2006 to january 3 , 2009?
Important information:
text_3: comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30 , $ 100.00 100.00 100.00 december 29 , $ 108.00 104.24 january 3 , $ 97.26 january 2 , $ 116.01 january 1 , $ 190.41 101.84 december 31 , $ 201.18 104.81 .
table_1: company/index the advance auto parts of december 30 2006 is $ 100.00 ; the advance auto parts of december 29 2007 is $ 108.00 ; the advance auto parts of january 3 2009 is $ 97.26 ; the advance auto parts of january 2 2010 is $ 116.01 ; the advance auto parts of january 1 2011 is $ 190.41 ; the advance auto parts of december 31 2011 is $ 201.18 ;
table_2: company/index the s&p 500 index of december 30 2006 is 100.00 ; the s&p 500 index of december 29 2007 is 104.24 ; the s&p 500 index of january 3 2009 is 65.70 ; the s&p 500 index of january 2 2010 is 78.62 ; the s&p 500 index of january 1 2011 is 88.67 ; the s&p 500 index of december 31 2011 is 88.67 ;
Reasoning Steps:
Step: minus2-1(65.70, const_100) = -34.3
Step: divide2-2(#0, const_100) = -34.3%
Program:
subtract(65.70, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(65.70, const_100), const_100)
| -0.343 | 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 price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor's 500 index and the standard & poor's 500 retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on december 30 , 2006 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30 , $ 100.00 100.00 100.00 december 29 , $ 108.00 104.24 january 3 , $ 97.26 january 2 , $ 116.01 january 1 , $ 190.41 101.84 december 31 , $ 201.18 104.81 .
Table
company/index | december 30 2006 | december 29 2007 | january 3 2009 | january 2 2010 | january 1 2011 | december 31 2011
advance auto parts | $ 100.00 | $ 108.00 | $ 97.26 | $ 116.01 | $ 190.41 | $ 201.18
s&p 500 index | 100.00 | 104.24 | 65.70 | 78.62 | 88.67 | 88.67
s&p retail index | 100.00 | 82.15 | 58.29 | 82.36 | 101.84 | 104.81
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor's 500 index and the standard & poor's 500 retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on december 30 , 2006 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30 , $ 100.00 100.00 100.00 december 29 , $ 108.00 104.24 january 3 , $ 97.26 january 2 , $ 116.01 january 1 , $ 190.41 101.84 december 31 , $ 201.18 104.81 .
Question:
what is the roi of an investment in s&p500 index from 2006 to january 3 , 2009?
Important information:
text_3: comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30 , $ 100.00 100.00 100.00 december 29 , $ 108.00 104.24 january 3 , $ 97.26 january 2 , $ 116.01 january 1 , $ 190.41 101.84 december 31 , $ 201.18 104.81 .
table_1: company/index the advance auto parts of december 30 2006 is $ 100.00 ; the advance auto parts of december 29 2007 is $ 108.00 ; the advance auto parts of january 3 2009 is $ 97.26 ; the advance auto parts of january 2 2010 is $ 116.01 ; the advance auto parts of january 1 2011 is $ 190.41 ; the advance auto parts of december 31 2011 is $ 201.18 ;
table_2: company/index the s&p 500 index of december 30 2006 is 100.00 ; the s&p 500 index of december 29 2007 is 104.24 ; the s&p 500 index of january 3 2009 is 65.70 ; the s&p 500 index of january 2 2010 is 78.62 ; the s&p 500 index of january 1 2011 is 88.67 ; the s&p 500 index of december 31 2011 is 88.67 ;
Reasoning Steps:
Step: minus2-1(65.70, const_100) = -34.3
Step: divide2-2(#0, const_100) = -34.3%
Program:
subtract(65.70, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(65.70, const_100), const_100)
| finqa92 |
what is the fair value of hologic common stock used to acquire suros?
Important information:
text_18: the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 2300 shares of hologic common stock valued at $ 106500 , cash paid of $ 139000 , and approximately $ 2600 for acquisition related fees and expenses .
table_4: net tangible assets acquired as of july 27 2006 the trade name of $ 11800 is 5800 ;
table_7: net tangible assets acquired as of july 27 2006 the estimated purchase price of $ 11800 is $ 267100 ;
Reasoning Steps:
Step: divide1-1(106500, 2300) = 46.3
Program:
divide(106500, 2300)
Program (Nested):
divide(106500, 2300)
| 46.30435 | 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 ) acquisition and the adjustments did not have a material impact on the company 2019s financial position or results of operation . there have no other material changes to the purchase price allocation as disclosed in the company 2019s form 10-k for the year ended september 30 , 2006 . 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 , developed technology and know how and in-process research and development had separately identifiable values . customer relationship represents r2 2019s strong active customer base , dominant market position and strong partnership with several large companies . trade name represents the r2 product names that the company intends to continue to use . order backlog consists of customer orders for which revenue has not yet been recognized . developed technology and know how represents currently marketable purchased products that the company continues to resell as well as utilize to enhance and incorporate into the company 2019s existing products . the estimated $ 10200 of purchase price allocated to in-process research and development projects primarily related to r2 2019s digital cad products . the projects added direct digital algorithm capabilities as well as a new platform technology to analyze images and breast density measurement . the projects were substantially completed as planned in fiscal 2007 . the deferred income tax asset relates to the tax effect of acquired net operating loss carry forwards that the company believes are realizable partially offset by acquired identifiable intangible assets , and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes . acquisition of suros surgical systems , inc . on july 27 , 2006 , the company completed the acquisition of suros surgical systems , inc . ( suros ) , pursuant to an agreement and plan of merger dated april 17 , 2006 . the results of operations for suros have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment . suros , located in indianapolis , indiana , develops , manufactures and sells minimally invasive interventional breast biopsy technology and products for biopsy , tissue removal and biopsy site marking . the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 2300 shares of hologic common stock valued at $ 106500 , cash paid of $ 139000 , and approximately $ 2600 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 components and allocation of the purchase price , consists of the following approximate amounts: .
Table
net tangible assets acquired as of july 27 2006 | $ 11800
in-process research and development | 4900
developed technology and know how | 46000
customer relationship | 17900
trade name | 5800
deferred income taxes | -21300 ( 21300 )
goodwill | 202000
estimated purchase price | $ 267100
the acquisition also provides for a two-year earn out . the earn-out is payable in two annual cash installments equal to the incremental revenue growth in suros 2019 business in the two years following the closing. .
Question:
what is the fair value of hologic common stock used to acquire suros?
Important information:
text_18: the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 2300 shares of hologic common stock valued at $ 106500 , cash paid of $ 139000 , and approximately $ 2600 for acquisition related fees and expenses .
table_4: net tangible assets acquired as of july 27 2006 the trade name of $ 11800 is 5800 ;
table_7: net tangible assets acquired as of july 27 2006 the estimated purchase price of $ 11800 is $ 267100 ;
Reasoning Steps:
Step: divide1-1(106500, 2300) = 46.3
Program:
divide(106500, 2300)
Program (Nested):
divide(106500, 2300)
| finqa93 |
what was the percentage change in rental expense for operating leases from 2008 to 2009?
Important information:
text_0: the future minimum lease commitments under these leases at december 31 , 2010 are as follows ( in thousands ) : years ending december 31: .
text_1: rental expense for operating leases was approximately $ 66.9 million , $ 57.2 million and $ 49.0 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively .
text_5: lease payments to an employee who became an officer of the company after the acquisition of his business were approximately $ 1.0 million , $ 0.9 million and $ 0.9 million during each of the years ended december 31 , 2010 , 2009 and 2008 , respectively .
Key Information: the future minimum lease commitments under these leases at december 31 , 2010 are as follows ( in thousands ) : years ending december 31: .
Reasoning Steps:
Step: minus1-1(57.2, 49.0) = 8.2
Step: divide1-2(#0, 49.0) = 17%
Program:
subtract(57.2, 49.0), divide(#0, 49.0)
Program (Nested):
divide(subtract(57.2, 49.0), 49.0)
| 0.16735 | 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 future minimum lease commitments under these leases at december 31 , 2010 are as follows ( in thousands ) : years ending december 31: .
Table
2011 | $ 62465
2012 | 54236
2013 | 47860
2014 | 37660
2015 | 28622
thereafter | 79800
future minimum lease payments | $ 310643
rental expense for operating leases was approximately $ 66.9 million , $ 57.2 million and $ 49.0 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively . in connection with the acquisitions of several businesses , we entered into agreements with several sellers of those businesses , some of whom became stockholders as a result of those acquisitions , for the lease of certain properties used in our operations . typical lease terms under these agreements include an initial term of five years , with three to five five-year renewal options and purchase options at various times throughout the lease periods . we also maintain the right of first refusal concerning the sale of the leased property . lease payments to an employee who became an officer of the company after the acquisition of his business were approximately $ 1.0 million , $ 0.9 million and $ 0.9 million during each of the years ended december 31 , 2010 , 2009 and 2008 , respectively . we guarantee the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guarantees at december 31 , 2010 , the guaranteed residual value would have totaled approximately $ 31.4 million . we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value . litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s . infringed on ford design patents . the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 . pursuant to the settlement , we ( and our designees ) became the sole distributor in the u.s . of aftermarket automotive parts that correspond to ford collision parts that are covered by a u.s . design patent . we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell . the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income . we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business . we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows. .
Question:
what was the percentage change in rental expense for operating leases from 2008 to 2009?
Important information:
text_0: the future minimum lease commitments under these leases at december 31 , 2010 are as follows ( in thousands ) : years ending december 31: .
text_1: rental expense for operating leases was approximately $ 66.9 million , $ 57.2 million and $ 49.0 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively .
text_5: lease payments to an employee who became an officer of the company after the acquisition of his business were approximately $ 1.0 million , $ 0.9 million and $ 0.9 million during each of the years ended december 31 , 2010 , 2009 and 2008 , respectively .
Key Information: the future minimum lease commitments under these leases at december 31 , 2010 are as follows ( in thousands ) : years ending december 31: .
Reasoning Steps:
Step: minus1-1(57.2, 49.0) = 8.2
Step: divide1-2(#0, 49.0) = 17%
Program:
subtract(57.2, 49.0), divide(#0, 49.0)
Program (Nested):
divide(subtract(57.2, 49.0), 49.0)
| finqa94 |
what was the average change in unrealized gains on derivative instruments?
Important information:
table_1: the changes in fair value of derivatives of 2008 is $ 7 ; the changes in fair value of derivatives of 2007 is $ -1 ( 1 ) ; the changes in fair value of derivatives of 2006 is $ 11 ;
table_2: the adjustment for net gains/ ( losses ) realized and included in net income of 2008 is 12 ; the adjustment for net gains/ ( losses ) realized and included in net income of 2007 is -2 ( 2 ) ; the adjustment for net gains/ ( losses ) realized and included in net income of 2006 is -12 ( 12 ) ;
table_3: the change in unrealized gains on derivative instruments of 2008 is $ 19 ; the change in unrealized gains on derivative instruments of 2007 is $ -3 ( 3 ) ; the change in unrealized gains on derivative instruments of 2006 is $ -1 ( 1 ) ;
Reasoning Steps:
Step: average2-1(change in unrealized gains on derivative instruments, none) = 5
Program:
table_average(change in unrealized gains on derivative instruments, none)
Program (Nested):
table_average(change in unrealized gains on derivative instruments, none)
| 5.0 | 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 notes to consolidated financial statements ( continued ) note 6 2014shareholders 2019 equity ( continued ) the following table summarizes activity in other comprehensive income related to derivatives , net of taxes , held by the company during the three fiscal years ended september 27 , 2008 ( in millions ) : the tax effect related to the changes in fair value of derivatives was $ ( 5 ) million , $ 1 million , and $ ( 8 ) million for 2008 , 2007 , and 2006 , respectively . the tax effect related to derivative gains/losses reclassified from other comprehensive income to net income was $ ( 9 ) million , $ 2 million , and $ 8 million for 2008 , 2007 , and 2006 , respectively . employee benefit plans 2003 employee stock plan the 2003 employee stock plan ( the 201c2003 plan 201d ) is a shareholder approved plan that provides for broad-based grants to employees , including executive officers . based on the terms of individual option grants , options granted under the 2003 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting . the 2003 plan permits the granting of incentive stock options , nonstatutory stock options , rsus , stock appreciation rights , stock purchase rights and performance-based awards . as of september 27 , 2008 , approximately 50.3 million shares were reserved for future issuance under the 2003 1997 employee stock option plan in august 1997 , the company 2019s board of directors approved the 1997 employee stock option plan ( the 201c1997 plan 201d ) , a non-shareholder approved plan for grants of stock options to employees who are not officers of the company . based on the terms of individual option grants , options granted under the 1997 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting . in october 2003 , the company terminated the 1997 plan and no new options can be granted from this plan . 1997 director stock option plan in august 1997 , the company 2019s board of directors adopted a director stock option plan ( the 201cdirector plan 201d ) for non-employee directors of the company , which was approved by shareholders in 1998 . pursuant to the director plan , the company 2019s non-employee directors are granted an option to acquire 30000 shares of common stock upon their initial election to the board ( 201cinitial options 201d ) . the initial options vest and become exercisable in three equal annual installments on each of the first through third anniversaries of the grant date . on the fourth anniversary of a non-employee director 2019s initial election to the board and on each subsequent anniversary thereafter , the director will be entitled to receive an option to acquire 10000 shares of common stock ( 201cannual options 201d ) . annual options are fully vested and immediately exercisable on their date of grant . options granted under the director plan expire 10 years after the grant date . as of september 27 , 2008 , approximately 290000 shares were reserved for future issuance under the director plan . rule 10b5-1 trading plans the following executive officers , timothy d . cook , peter oppenheimer , philip w . schiller , and bertrand serlet , have entered into trading plans pursuant to rule 10b5-1 ( c ) ( 1 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) , as of november 1 , 2008 . a trading plan is a written document that .
Table
| 2008 | 2007 | 2006
changes in fair value of derivatives | $ 7 | $ -1 ( 1 ) | $ 11
adjustment for net gains/ ( losses ) realized and included in net income | 12 | -2 ( 2 ) | -12 ( 12 )
change in unrealized gains on derivative instruments | $ 19 | $ -3 ( 3 ) | $ -1 ( 1 )
.
Question:
what was the average change in unrealized gains on derivative instruments?
Important information:
table_1: the changes in fair value of derivatives of 2008 is $ 7 ; the changes in fair value of derivatives of 2007 is $ -1 ( 1 ) ; the changes in fair value of derivatives of 2006 is $ 11 ;
table_2: the adjustment for net gains/ ( losses ) realized and included in net income of 2008 is 12 ; the adjustment for net gains/ ( losses ) realized and included in net income of 2007 is -2 ( 2 ) ; the adjustment for net gains/ ( losses ) realized and included in net income of 2006 is -12 ( 12 ) ;
table_3: the change in unrealized gains on derivative instruments of 2008 is $ 19 ; the change in unrealized gains on derivative instruments of 2007 is $ -3 ( 3 ) ; the change in unrealized gains on derivative instruments of 2006 is $ -1 ( 1 ) ;
Reasoning Steps:
Step: average2-1(change in unrealized gains on derivative instruments, none) = 5
Program:
table_average(change in unrealized gains on derivative instruments, none)
Program (Nested):
table_average(change in unrealized gains on derivative instruments, none)
| finqa95 |
what was the change in millions between 2012 and 2013 in currency hedges?
Important information:
table_1: in millions the currency hedges of year ended december 2013 is $ 150 ; the currency hedges of year ended december 2012 is $ -233 ( 233 ) ; the currency hedges of year ended december 2011 is $ 160 ;
table_2: in millions the foreign currency-denominated debt hedges of year ended december 2013 is 470 ; the foreign currency-denominated debt hedges of year ended december 2012 is 347 ; the foreign currency-denominated debt hedges of year ended december 2011 is -147 ( 147 ) ;
text_8: as of december 2013 and december 2012 , the firm had designated $ 1.97 billion and $ 2.77 billion , respectively , of foreign currency-denominated debt , included in 201cunsecured long-term borrowings 201d and 201cunsecured short- term borrowings , 201d as hedges of net investments in non- u.s .
Reasoning Steps:
Step: minus2-1(150, -233) = 383
Program:
subtract(150, -233)
Program (Nested):
subtract(150, -233)
| 383.0 | 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 net investment hedges the firm seeks to reduce the impact of fluctuations in foreign exchange rates on its net investment in certain non- u.s . operations through the use of foreign currency forward contracts and foreign currency-denominated debt . for foreign currency forward contracts designated as hedges , the effectiveness of the hedge is assessed based on the overall changes in the fair value of the forward contracts ( i.e. , based on changes in forward rates ) . for foreign currency-denominated debt designated as a hedge , the effectiveness of the hedge is assessed based on changes in spot rates . for qualifying net investment hedges , the gains or losses on the hedging instruments , to the extent effective , are included in 201ccurrency translation 201d within the consolidated statements of comprehensive income . the table below presents the gains/ ( losses ) from net investment hedging. .
Table
in millions | year ended december 2013 | year ended december 2012 | year ended december 2011
currency hedges | $ 150 | $ -233 ( 233 ) | $ 160
foreign currency-denominated debt hedges | 470 | 347 | -147 ( 147 )
the gain/ ( loss ) related to ineffectiveness was not material for 2013 , 2012 or 2011 . the loss reclassified to earnings from accumulated other comprehensive income was not material for 2013 or 2012 , and was $ 186 million for 2011 . as of december 2013 and december 2012 , the firm had designated $ 1.97 billion and $ 2.77 billion , respectively , of foreign currency-denominated debt , included in 201cunsecured long-term borrowings 201d and 201cunsecured short- term borrowings , 201d as hedges of net investments in non- u.s . subsidiaries . cash flow hedges beginning in the third quarter of 2013 , the firm designated certain commodities-related swap and forward contracts as cash flow hedges . these swap and forward contracts hedge the firm 2019s exposure to the variability in cash flows associated with the forecasted sales of certain energy commodities by one of the firm 2019s consolidated investments . the firm applies a statistical method that utilizes regression analysis when assessing hedge effectiveness . a cash flow hedge is considered highly effective in offsetting changes in forecasted cash flows attributable to the hedged risk when the regression analysis results in a coefficient of determination of 80% ( 80 % ) or greater and a slope between 80% ( 80 % ) and 125% ( 125 % ) . for qualifying cash flow hedges , the gains or losses on derivatives , to the extent effective , are included in 201ccash flow hedges 201d within the consolidated statements of comprehensive income . gains or losses resulting from hedge ineffectiveness are included in 201cother principal transactions 201d in the consolidated statements of earnings . the effective portion of the gains , before taxes , recognized on these cash flow hedges was $ 14 million for 2013 . the gain/ ( loss ) related to hedge ineffectiveness was not material for 2013 . there were no gains/ ( losses ) excluded from the assessment of hedge effectiveness or reclassified to earnings from accumulated other comprehensive income during 2013 . the amounts recorded in 201ccash flow hedges 201d will be reclassified to 201cother principal transactions 201d in the same periods as the corresponding gain or loss on the sale of the hedged energy commodities , which is also recorded in 201cother principal transactions . 201d the firm expects to reclassify $ 5 million of gains , net of taxes , related to cash flow hedges from 201ccash flow hedges 201d to earnings within the next twelve months . the length of time over which the firm is hedging its exposure to the variability in future cash flows for forecasted transactions is approximately two years . 150 goldman sachs 2013 annual report .
Question:
what was the change in millions between 2012 and 2013 in currency hedges?
Important information:
table_1: in millions the currency hedges of year ended december 2013 is $ 150 ; the currency hedges of year ended december 2012 is $ -233 ( 233 ) ; the currency hedges of year ended december 2011 is $ 160 ;
table_2: in millions the foreign currency-denominated debt hedges of year ended december 2013 is 470 ; the foreign currency-denominated debt hedges of year ended december 2012 is 347 ; the foreign currency-denominated debt hedges of year ended december 2011 is -147 ( 147 ) ;
text_8: as of december 2013 and december 2012 , the firm had designated $ 1.97 billion and $ 2.77 billion , respectively , of foreign currency-denominated debt , included in 201cunsecured long-term borrowings 201d and 201cunsecured short- term borrowings , 201d as hedges of net investments in non- u.s .
Reasoning Steps:
Step: minus2-1(150, -233) = 383
Program:
subtract(150, -233)
Program (Nested):
subtract(150, -233)
| finqa96 |
what portion of total assets acquired is composed of goodwill?
Important information:
table_1: the goodwill of total is $ 13536 ;
table_4: the property and equipment of total is 267 ;
table_6: the total assets acquired of total is 19427 ;
Reasoning Steps:
Step: divide2-1(13536, 19427) = 69.7%
Program:
divide(13536, 19427)
Program (Nested):
divide(13536, 19427)
| 0.69676 | 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 2014 ( continued ) in connection with these discover related purchases , we have sold the contractual rights to future commissions on discover transactions to certain of our isos . contractual rights sold totaled $ 7.6 million during the year ended may 31 , 2008 and $ 1.0 million during fiscal 2009 . such sale proceeds are generally collected in installments over periods ranging from three to nine months . during fiscal 2009 , we collected $ 4.4 million of such proceeds , which are included in the proceeds from sale of investment and contractual rights in our consolidated statement of cash flows . we do not recognize gains on these sales of contractual rights at the time of sale . proceeds are deferred and recognized as a reduction of the related commission expense . during fiscal 2009 , we recognized $ 1.2 million of such deferred sales proceeds as other long-term liabilities . other 2008 acquisitions during fiscal 2008 , we acquired a majority of the assets of euroenvios money transfer , s.a . and euroenvios conecta , s.l. , which we collectively refer to as lfs spain . lfs spain consisted of two privately- held corporations engaged in money transmittal and ancillary services from spain to settlement locations primarily in latin america . the purpose of the acquisition was to further our strategy of expanding our customer base and market share by opening additional branch locations . during fiscal 2008 , we acquired a series of money transfer branch locations in the united states . the purpose of these acquisitions was to increase the market presence of our dolex-branded money transfer offering . the following table summarizes the preliminary purchase price allocations of all these fiscal 2008 business acquisitions ( in thousands ) : .
Table
| total
goodwill | $ 13536
customer-related intangible assets | 4091
contract-based intangible assets | 1031
property and equipment | 267
other current assets | 502
total assets acquired | 19427
current liabilities | -2347 ( 2347 )
minority interest in equity of subsidiary ( at historical cost ) | -486 ( 486 )
net assets acquired | $ 16594
the customer-related intangible assets have amortization periods of up to 14 years . the contract-based intangible assets have amortization periods of 3 to 10 years . these business acquisitions were not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to these acquisitions . in addition , during fiscal 2008 , we acquired a customer list and long-term merchant referral agreement in our canadian merchant services channel for $ 1.7 million . the value assigned to the customer list of $ 0.1 million was expensed immediately . the remaining value was assigned to the merchant referral agreement and is being amortized on a straight-line basis over its useful life of 10 years . fiscal 2007 on july 24 , 2006 , we completed the purchase of a fifty-six percent ownership interest in the asia-pacific merchant acquiring business of the hongkong and shanghai banking corporation limited , or hsbc asia pacific . this business provides card payment processing services to merchants in the asia-pacific region . the .
Question:
what portion of total assets acquired is composed of goodwill?
Important information:
table_1: the goodwill of total is $ 13536 ;
table_4: the property and equipment of total is 267 ;
table_6: the total assets acquired of total is 19427 ;
Reasoning Steps:
Step: divide2-1(13536, 19427) = 69.7%
Program:
divide(13536, 19427)
Program (Nested):
divide(13536, 19427)
| finqa97 |
what was the change in billions in total capital ( tier 1 and tier 2 ) from 2007 to 2008?
Important information:
table_1: in billions of dollars at year end the tier 1 capital of 2008 is $ 71.0 ; the tier 1 capital of 2007 is $ 82.0 ;
table_2: in billions of dollars at year end the total capital ( tier 1 and tier 2 ) of 2008 is 108.4 ; the total capital ( tier 1 and tier 2 ) of 2007 is 121.6 ;
table_4: in billions of dollars at year end the total capital ratio ( tier 1 and tier 2 ) of 2008 is 15.18 ; the total capital ratio ( tier 1 and tier 2 ) of 2007 is 13.33 ;
Reasoning Steps:
Step: minus2-1(108.4, 121.6) = -13.2
Program:
subtract(108.4, 121.6)
Program (Nested):
subtract(108.4, 121.6)
| -13.2 | 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:
mandatorily redeemable securities of subsidiary trusts total mandatorily redeemable securities of subsidiary trusts ( trust preferred securities ) , which qualify as tier 1 capital , were $ 23.899 billion at december 31 , 2008 , as compared to $ 23.594 billion at december 31 , 2007 . in 2008 , citigroup did not issue any new enhanced trust preferred securities . the frb issued a final rule , with an effective date of april 11 , 2005 , which retains trust preferred securities in tier 1 capital of bank holding companies , but with stricter quantitative limits and clearer qualitative standards . under the rule , after a five-year transition period , the aggregate amount of trust preferred securities and certain other restricted core capital elements included in tier 1 capital of internationally active banking organizations , such as citigroup , would be limited to 15% ( 15 % ) of total core capital elements , net of goodwill , less any associated deferred tax liability . the amount of trust preferred securities and certain other elements in excess of the limit could be included in tier 2 capital , subject to restrictions . at december 31 , 2008 , citigroup had approximately 11.8% ( 11.8 % ) against the limit . the company expects to be within restricted core capital limits prior to the implementation date of march 31 , 2009 . the frb permits additional securities , such as the equity units sold to adia , to be included in tier 1 capital up to 25% ( 25 % ) ( including the restricted core capital elements in the 15% ( 15 % ) limit ) of total core capital elements , net of goodwill less any associated deferred tax liability . at december 31 , 2008 , citigroup had approximately 16.1% ( 16.1 % ) against the limit . the frb granted interim capital relief for the impact of adopting sfas 158 at december 31 , 2008 and december 31 , 2007 . the frb and the ffiec may propose amendments to , and issue interpretations of , risk-based capital guidelines and reporting instructions . these may affect reported capital ratios and net risk-weighted assets . capital resources of citigroup 2019s depository institutions citigroup 2019s subsidiary depository institutions in the united states are subject to risk-based capital guidelines issued by their respective primary federal bank regulatory agencies , which are similar to the frb 2019s guidelines . to be 201cwell capitalized 201d under federal bank regulatory agency definitions , citigroup 2019s depository institutions must have a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ( tier 1 + tier 2 capital ) ratio of at least 10% ( 10 % ) and a leverage ratio of at least 5% ( 5 % ) , and not be subject to a regulatory directive to meet and maintain higher capital levels . at december 31 , 2008 , all of citigroup 2019s subsidiary depository institutions were 201cwell capitalized 201d under the federal regulatory agencies 2019 definitions , including citigroup 2019s primary depository institution , citibank , n.a. , as noted in the following table : citibank , n.a . components of capital and ratios under regulatory guidelines in billions of dollars at year end 2008 2007 .
Table
in billions of dollars at year end | 2008 | 2007
tier 1 capital | $ 71.0 | $ 82.0
total capital ( tier 1 and tier 2 ) | 108.4 | 121.6
tier 1 capital ratio | 9.94% ( 9.94 % ) | 8.98% ( 8.98 % )
total capital ratio ( tier 1 and tier 2 ) | 15.18 | 13.33
leverage ratio ( 1 ) | 5.82 | 6.65
leverage ratio ( 1 ) 5.82 6.65 ( 1 ) tier 1 capital divided by adjusted average assets . citibank , n.a . had a net loss for 2008 amounting to $ 6.2 billion . during 2008 , citibank , n.a . received contributions from its parent company of $ 6.1 billion . citibank , n.a . did not issue any additional subordinated notes in 2008 . total subordinated notes issued to citicorp holdings inc . that were outstanding at december 31 , 2008 and december 31 , 2007 and included in citibank , n.a . 2019s tier 2 capital , amounted to $ 28.2 billion . citibank , n.a . received an additional $ 14.3 billion in capital contribution from its parent company in january 2009 . the impact of this contribution is not reflected in the table above . the substantial events in 2008 impacting the capital of citigroup , and the potential future events discussed on page 94 under 201ccitigroup regulatory capital ratios , 201d also affected , or could affect , citibank , n.a. .
Question:
what was the change in billions in total capital ( tier 1 and tier 2 ) from 2007 to 2008?
Important information:
table_1: in billions of dollars at year end the tier 1 capital of 2008 is $ 71.0 ; the tier 1 capital of 2007 is $ 82.0 ;
table_2: in billions of dollars at year end the total capital ( tier 1 and tier 2 ) of 2008 is 108.4 ; the total capital ( tier 1 and tier 2 ) of 2007 is 121.6 ;
table_4: in billions of dollars at year end the total capital ratio ( tier 1 and tier 2 ) of 2008 is 15.18 ; the total capital ratio ( tier 1 and tier 2 ) of 2007 is 13.33 ;
Reasoning Steps:
Step: minus2-1(108.4, 121.6) = -13.2
Program:
subtract(108.4, 121.6)
Program (Nested):
subtract(108.4, 121.6)
| finqa98 |
for the the quarter ended december 31 , 2006 what was the percent of the total number of shares purchased bought in october
Important information:
table_1: period the october of total number ofshares purchased is 447700 ; the october of average pricepaid pershare is $ 86.92 ; the october of total number of sharespurchased as part ofpublicly announcedprogram ( 1 ) is 447700 ; the october of maximum number ofshares that may yet bepurchased under theprogram ( 2 ) is 36108688 ;
table_3: period the december of total number ofshares purchased is 929400 ; the december of average pricepaid pershare is 90.74 ; the december of total number of sharespurchased as part ofpublicly announcedprogram ( 1 ) is 929400 ; the december of maximum number ofshares that may yet bepurchased under theprogram ( 2 ) is 34330088 ;
text_2: ( 1 ) we repurchased a total of 2226300 shares of our common stock during the quarter ended december 31 , 2006 .
Reasoning Steps:
Step: divide1-1(447700, 929400) = 48.2%
Program:
divide(447700, 929400)
Program (Nested):
divide(447700, 929400)
| 0.48171 | 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:
issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2006 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( 1 ) maximum number of shares that may yet be purchased under the program ( 2 ) .
Table
period | total number ofshares purchased | average pricepaid pershare | total number of sharespurchased as part ofpublicly announcedprogram ( 1 ) | maximum number ofshares that may yet bepurchased under theprogram ( 2 )
october | 447700 | $ 86.92 | 447700 | 36108688
november | 849200 | 86.79 | 849200 | 35259488
december | 929400 | 90.74 | 929400 | 34330088
( 1 ) we repurchased a total of 2226300 shares of our common stock during the quarter ended december 31 , 2006 . ( 2 ) in october 2002 , our board of directors approved a share repurchase program for the repurchase of up to 23 million shares of our common stock . since the program 2019s inception , an additional 85 million shares have been authorized for repurchase under the program . management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases in compliance with applicable law and regulation , under the program . as of december 31 , 2006 , we had repurchased a total of 73669912 shares under the program . in 2006 , we did not make any unregistered sales of equity securities. .
Question:
for the the quarter ended december 31 , 2006 what was the percent of the total number of shares purchased bought in october
Important information:
table_1: period the october of total number ofshares purchased is 447700 ; the october of average pricepaid pershare is $ 86.92 ; the october of total number of sharespurchased as part ofpublicly announcedprogram ( 1 ) is 447700 ; the october of maximum number ofshares that may yet bepurchased under theprogram ( 2 ) is 36108688 ;
table_3: period the december of total number ofshares purchased is 929400 ; the december of average pricepaid pershare is 90.74 ; the december of total number of sharespurchased as part ofpublicly announcedprogram ( 1 ) is 929400 ; the december of maximum number ofshares that may yet bepurchased under theprogram ( 2 ) is 34330088 ;
text_2: ( 1 ) we repurchased a total of 2226300 shares of our common stock during the quarter ended december 31 , 2006 .
Reasoning Steps:
Step: divide1-1(447700, 929400) = 48.2%
Program:
divide(447700, 929400)
Program (Nested):
divide(447700, 929400)
| finqa99 |
what was the percentage change in proportional free cash flow between 2014 and 2015?
Important information:
table_1: calculation of proportional free cash flow ( in millions ) the net cash provided by operating activities of 2015 is $ 2134 ; the net cash provided by operating activities of 2014 is $ 1791 ; the net cash provided by operating activities of 2013 is $ 2715 ; the net cash provided by operating activities of 2015/2014 change is $ 343 ; the net cash provided by operating activities of 2014/2013 change is $ -924 ( 924 ) ;
table_5: calculation of proportional free cash flow ( in millions ) the proportional adjusted operating cash flow of 2015 is 1741 ; the proportional adjusted operating cash flow of 2014 is 1432 ; the proportional adjusted operating cash flow of 2013 is 1881 ; the proportional adjusted operating cash flow of 2015/2014 change is 309 ; the proportional adjusted operating cash flow of 2014/2013 change is -449 ( 449 ) ;
table_8: calculation of proportional free cash flow ( in millions ) the proportional free cash flow of 2015 is $ 1241 ; the proportional free cash flow of 2014 is $ 891 ; the proportional free cash flow of 2013 is $ 1271 ; the proportional free cash flow of 2015/2014 change is $ 350 ; the proportional free cash flow of 2014/2013 change is $ -380 ( 380 ) ;
Reasoning Steps:
Step: divide2-1(350, 891) = 39%
Program:
divide(350, 891)
Program (Nested):
divide(350, 891)
| 0.39282 | 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:
proportional free cash flow ( a non-gaap measure ) we define proportional free cash flow as cash flows from operating activities less maintenance capital expenditures ( including non-recoverable environmental capital expenditures ) , adjusted for the estimated impact of noncontrolling interests . the proportionate share of cash flows and related adjustments attributable to noncontrolling interests in our subsidiaries comprise the proportional adjustment factor presented in the reconciliation below . upon the company's adoption of the accounting guidance for service concession arrangements effective january 1 , 2015 , capital expenditures related to service concession assets that would have been classified as investing activities on the consolidated statement of cash flows are now classified as operating activities . see note 1 2014general and summary of significant accounting policies of this form 10-k for further information on the adoption of this guidance . beginning in the quarter ended march 31 , 2015 , the company changed the definition of proportional free cash flow to exclude the cash flows for capital expenditures related to service concession assets that are now classified within net cash provided by operating activities on the consolidated statement of cash flows . the proportional adjustment factor for these capital expenditures is presented in the reconciliation below . we also exclude environmental capital expenditures that are expected to be recovered through regulatory , contractual or other mechanisms . an example of recoverable environmental capital expenditures is ipl's investment in mats-related environmental upgrades that are recovered through a tracker . see item 1 . 2014us sbu 2014ipl 2014environmental matters for details of these investments . the gaap measure most comparable to proportional free cash flow is cash flows from operating activities . we believe that proportional free cash flow better reflects the underlying business performance of the company , as it measures the cash generated by the business , after the funding of maintenance capital expenditures , that may be available for investing or repaying debt or other purposes . factors in this determination include the impact of noncontrolling interests , where aes consolidates the results of a subsidiary that is not wholly-owned by the company . the presentation of free cash flow has material limitations . proportional free cash flow should not be construed as an alternative to cash from operating activities , which is determined in accordance with gaap . proportional free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed , such as debt service requirements and dividend payments . our definition of proportional free cash flow may not be comparable to similarly titled measures presented by other companies . calculation of proportional free cash flow ( in millions ) 2015 2014 2013 2015/2014change 2014/2013 change .
Table
calculation of proportional free cash flow ( in millions ) | 2015 | 2014 | 2013 | 2015/2014 change | 2014/2013 change
net cash provided by operating activities | $ 2134 | $ 1791 | $ 2715 | $ 343 | $ -924 ( 924 )
add : capital expenditures related to service concession assets ( 1 ) | 165 | 2014 | 2014 | 165 | 2014
adjusted operating cash flow | 2299 | 1791 | 2715 | 508 | -924 ( 924 )
less : proportional adjustment factor on operating cash activities ( 2 ) ( 3 ) | -558 ( 558 ) | -359 ( 359 ) | -834 ( 834 ) | -199 ( 199 ) | 475
proportional adjusted operating cash flow | 1741 | 1432 | 1881 | 309 | -449 ( 449 )
less : proportional maintenance capital expenditures net of reinsurance proceeds ( 2 ) | -449 ( 449 ) | -485 ( 485 ) | -535 ( 535 ) | 36 | 50
less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) | -51 ( 51 ) | -56 ( 56 ) | -75 ( 75 ) | 5 | 19
proportional free cash flow | $ 1241 | $ 891 | $ 1271 | $ 350 | $ -380 ( 380 )
( 1 ) service concession asset expenditures excluded from proportional free cash flow non-gaap metric . ( 2 ) the proportional adjustment factor , proportional maintenance capital expenditures ( net of reinsurance proceeds ) and proportional non-recoverable environmental capital expenditures are calculated by multiplying the percentage owned by noncontrolling interests for each entity by its corresponding consolidated cash flow metric and are totaled to the resulting figures . for example , parent company a owns 20% ( 20 % ) of subsidiary company b , a consolidated subsidiary . thus , subsidiary company b has an 80% ( 80 % ) noncontrolling interest . assuming a consolidated net cash flow from operating activities of $ 100 from subsidiary b , the proportional adjustment factor for subsidiary b would equal $ 80 ( or $ 100 x 80% ( 80 % ) ) . the company calculates the proportional adjustment factor for each consolidated business in this manner and then sums these amounts to determine the total proportional adjustment factor used in the reconciliation . the proportional adjustment factor may differ from the proportion of income attributable to noncontrolling interests as a result of ( a ) non-cash items which impact income but not cash and ( b ) aes' ownership interest in the subsidiary where such items occur . ( 3 ) includes proportional adjustment amount for service concession asset expenditures of $ 84 million for the year ended december 31 , 2015 . the company adopted service concession accounting effective january 1 , 2015 . ( 4 ) excludes ipl's proportional recoverable environmental capital expenditures of $ 205 million , $ 163 million and $ 110 million for the years december 31 , 2015 , 2014 and 2013 , respectively. .
Question:
what was the percentage change in proportional free cash flow between 2014 and 2015?
Important information:
table_1: calculation of proportional free cash flow ( in millions ) the net cash provided by operating activities of 2015 is $ 2134 ; the net cash provided by operating activities of 2014 is $ 1791 ; the net cash provided by operating activities of 2013 is $ 2715 ; the net cash provided by operating activities of 2015/2014 change is $ 343 ; the net cash provided by operating activities of 2014/2013 change is $ -924 ( 924 ) ;
table_5: calculation of proportional free cash flow ( in millions ) the proportional adjusted operating cash flow of 2015 is 1741 ; the proportional adjusted operating cash flow of 2014 is 1432 ; the proportional adjusted operating cash flow of 2013 is 1881 ; the proportional adjusted operating cash flow of 2015/2014 change is 309 ; the proportional adjusted operating cash flow of 2014/2013 change is -449 ( 449 ) ;
table_8: calculation of proportional free cash flow ( in millions ) the proportional free cash flow of 2015 is $ 1241 ; the proportional free cash flow of 2014 is $ 891 ; the proportional free cash flow of 2013 is $ 1271 ; the proportional free cash flow of 2015/2014 change is $ 350 ; the proportional free cash flow of 2014/2013 change is $ -380 ( 380 ) ;
Reasoning Steps:
Step: divide2-1(350, 891) = 39%
Program:
divide(350, 891)
Program (Nested):
divide(350, 891)
| finqa100 |
what was the increase in long-term debt between 2004 and 2005 in thousands?
Important information:
text_10: financing arrangements outstanding amounts under the company 2019s long-term financing arrangements consisted of the following as of december 31 , ( in thousands ) : .
table_8: the total of 2005 is 3613429 ; the total of 2004 is 3293614 ;
table_10: the long-term debt of 2005 is $ 3451276 ; the long-term debt of 2004 is $ 3155228 ;
Reasoning Steps:
Step: minus1-1(3451276, 3155228) = 296048
Program:
subtract(3451276, 3155228)
Program (Nested):
subtract(3451276, 3155228)
| 296048.0 | 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:
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the term of the economic rights agreement is seventy years ; however , tv azteca has the right to purchase , at fair market value , the economic rights from the company at any time during the last fifty years of the agreement . should tv azteca elect to purchase the economic rights ( in whole or in part ) , it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election . the company 2019s obligation to pay tv azteca $ 1.5 million annually would also be reduced proportionally . the company has accounted for the annual payment of $ 1.5 million as a capital lease ( initially recording an asset and a corresponding liability of approximately $ 18.6 million ) . the capital lease asset and the discount on the note , which aggregate approximately $ 30.2 million , represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement . on a quarterly basis , the company assesses the recoverability of its note receivable from tv azteca . as of december 31 , 2005 and 2004 , the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required . an executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006 . as of december 31 , 2005 and 2004 , the company also had other long-term notes receivable outstanding of approximately $ 11.1 million and $ 11.2 million , respectively . 7 . financing arrangements outstanding amounts under the company 2019s long-term financing arrangements consisted of the following as of december 31 , ( in thousands ) : .
Table
| 2005 | 2004
american tower credit facility | $ 793000 | $ 698000
spectrasite credit facility | 700000 |
senior subordinated notes | 400000 | 400000
senior subordinated discount notes net of discount and warrant valuation | 160252 | 303755
senior notes net of discount and premium | 726754 | 1001817
convertible notes net of discount | 773058 | 830056
notes payable and capital leases | 60365 | 59986
total | 3613429 | 3293614
less current portion of other long-term obligations | -162153 ( 162153 ) | -138386 ( 138386 )
long-term debt | $ 3451276 | $ 3155228
new credit facilities 2014in october 2005 , the company refinanced the two existing credit facilities of its principal operating subsidiaries . the company replaced the existing american tower $ 1.1 billion senior secured credit facility with a new $ 1.3 billion senior secured credit facility and replaced the existing spectrasite $ 900.0 million senior secured credit facility with a new $ 1.15 billion senior secured credit facility . as a result of the repayment of the previous credit facilities , the company recorded a net loss on retirement of long-term obligations of $ 9.8 million in the fourth quarter of 2005. .
Question:
what was the increase in long-term debt between 2004 and 2005 in thousands?
Important information:
text_10: financing arrangements outstanding amounts under the company 2019s long-term financing arrangements consisted of the following as of december 31 , ( in thousands ) : .
table_8: the total of 2005 is 3613429 ; the total of 2004 is 3293614 ;
table_10: the long-term debt of 2005 is $ 3451276 ; the long-term debt of 2004 is $ 3155228 ;
Reasoning Steps:
Step: minus1-1(3451276, 3155228) = 296048
Program:
subtract(3451276, 3155228)
Program (Nested):
subtract(3451276, 3155228)
| finqa101 |
what are the total contractual commitments , in millions?
Important information:
table_2: contractual obligations the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) total is 9457 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) less than 1 year is 4619 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) 1-3 years is 4838 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) 3-5 years is 2014 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) more than 5 years is 2014 ;
table_3: contractual obligations the total obligations of payments due by fiscal year ( in $ 000 2019s ) total is $ 20147 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) less than 1 year is $ 6932 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) 1-3 years is $ 9105 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) 3-5 years is $ 2592 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) more than 5 years is $ 1518 ;
Reasoning Steps:
Step: sum1-1(total obligations, none) = 40294
Program:
table_sum(total obligations, none)
Program (Nested):
table_sum(total obligations, none)
| 40294.0 | 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:
purchases of short-term marketable securities , net of sales of short-term marketable securities during the quarter . additionally , we incurred $ 3.8 million related to cash expenditures for property and equipment primarily on computer software projects and manufacturing equipment related to our expansion in ireland . our financing activities during the year ended march 31 , 2009 provided cash of $ 46.2 million as compared to $ 2.1 million during the same period in the prior year . cash provided by financing activities for the year ended march 31 , 2009 was primarily comprised of $ 42.0 million in net proceeds related to our august 2008 public offering and $ 5.0 million attributable to the exercise of stock options and proceeds from our employee stock purchase plan . capital expenditures for fiscal 2010 are estimated to be $ 2.5 to $ 3.0 million , which relate primarily to our planned manufacturing capacity increases for impella in germany , our expansion in ireland , and software development projects . our liquidity is influenced by our ability to sell our products in a competitive industry and our customers 2019 ability to pay for our products . factors that may affect liquidity include our ability to penetrate the market for our products , maintain or reduce the length of the selling cycle , and collect cash from clients after our products are sold . exclusive of activities involving any future acquisitions of products or companies that complement or augment our existing line of products , we believe that current available funds and cash generated from operations will provide sufficient liquidity to meet operating requirements for the foreseeable future . we believe that our existing cash balances and cash flow from operations will be sufficient to meet our projected capital expenditures , working capital , and other cash requirements at least through the next 12 months . we continue to review our long-term cash needs on a regular basis . currently , we have no debt outstanding . contractual obligations and commercial commitments the following table summarizes our contractual obligations at march 31 , 2009 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 | $ 10690 | $ 2313 | $ 4267 | $ 2592 | $ 1518
contractual obligations ( 1 ) | 9457 | 4619 | 4838 | 2014 | 2014
total obligations | $ 20147 | $ 6932 | $ 9105 | $ 2592 | $ 1518
( 1 ) contractual obligations represent future cash commitments and expected liabilities under agreements with third parties for clinical trials . we have no long-term debt , capital leases or other material commitments for open purchase orders and clinical trial agreements at march 31 , 2009 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 contingent payments , 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 . at the time of the transaction , we agreed to make additional contingent payments to impella 2019s former shareholders based on additional milestone payments related to product sales and fda approvals in the amount of up to $ 16.8 million . in january 2007 upon the sale of 1000 impella units , we paid $ 5.6 million in the form of common stock . in june 2008 we received 510 ( k ) clearance of our impella 2.5 , and we paid $ 5.6 million in the form of common stock . in april 2009 , we received 501 ( k ) clearance of our impella 5.0 , triggering an obligation to make the final$ 5.6 million milestone payment . on may 15 , 2009 , we paid $ 1.75 million of this final milestone in cash and elected to pay the remaining amount through the issuance of approximately 664612 shares of our common stock . this contingent payment will result in an increase to the carrying value of goodwill . in june 2008 , we amended the lease for our facility in danvers , massachusetts . the amendment extended the lease from february 28 , 2010 to february 28 , 2016 . the lease continues to be accounted for as an operating lease . the amendment changed the rent payments under the lease from $ 64350 per month to the following schedule : 2022 the base rent for july 2008 through october 2008 was $ 0 per month ; 2022 the base rent for november 2008 through june 2010 is $ 40000 per month ; 2022 the base rent for july 2010 through february 2014 will be $ 64350 per month ; and 2022 the base rent for march 2014 through february 2016 will be $ 66000 per month. .
Question:
what are the total contractual commitments , in millions?
Important information:
table_2: contractual obligations the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) total is 9457 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) less than 1 year is 4619 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) 1-3 years is 4838 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) 3-5 years is 2014 ; the contractual obligations ( 1 ) of payments due by fiscal year ( in $ 000 2019s ) more than 5 years is 2014 ;
table_3: contractual obligations the total obligations of payments due by fiscal year ( in $ 000 2019s ) total is $ 20147 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) less than 1 year is $ 6932 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) 1-3 years is $ 9105 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) 3-5 years is $ 2592 ; the total obligations of payments due by fiscal year ( in $ 000 2019s ) more than 5 years is $ 1518 ;
Reasoning Steps:
Step: sum1-1(total obligations, none) = 40294
Program:
table_sum(total obligations, none)
Program (Nested):
table_sum(total obligations, none)
| finqa102 |
what is the tax expense related to discontinued operations in 2013?
Important information:
text_12: during the years ended december 31 , 2013 , 2012 and 2011 , the revenue from our discontinued operations was $ 503 million , $ 1.085 billion and $ 974 million , respectively .
text_13: 201cincome ( loss ) from discontinued operations , before income taxes 201d for the same periods was a loss of $ 54 million , $ 62 million and $ 3 million , respectively .
text_14: in addition , 201cincome ( loss ) from discontinued operations , net of tax 201d for the same periods was a loss of $ 47 million , $ 37 million and $ 7 million , respectively .
Reasoning Steps:
Step: minus1-1(54, 47) = 7
Program:
subtract(54, 47)
Program (Nested):
subtract(54, 47)
| 7.0 | 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:
dish network corporation notes to consolidated financial statements - continued 9 . acquisitions dbsd north america and terrestar transactions on march 2 , 2012 , the fcc approved the transfer of 40 mhz of aws-4 wireless spectrum licenses held by dbsd north america and terrestar to us . on march 9 , 2012 , we completed the dbsd transaction and the terrestar transaction , pursuant to which we acquired , among other things , certain satellite assets and wireless spectrum licenses held by dbsd north america and terrestar . in addition , during the fourth quarter 2011 , we and sprint entered into a mutual release and settlement agreement ( the 201csprint settlement agreement 201d ) pursuant to which all issues then being disputed relating to the dbsd transaction and the terrestar transaction were resolved between us and sprint , including , but not limited to , issues relating to costs allegedly incurred by sprint to relocate users from the spectrum then licensed to dbsd north america and terrestar . the total consideration to acquire the dbsd north america and terrestar assets was approximately $ 2.860 billion . this amount includes $ 1.364 billion for the dbsd transaction , $ 1.382 billion for the terrestar transaction , and the net payment of $ 114 million to sprint pursuant to the sprint settlement agreement . see note 16 for further information . as a result of these acquisitions , we recognized the acquired assets and assumed liabilities based on our estimates of fair value at their acquisition date , including $ 102 million in an uncertain tax position in 201clong-term deferred revenue , distribution and carriage payments and other long-term liabilities 201d on our consolidated balance sheets . subsequently , in the third quarter 2013 , this uncertain tax position was resolved and $ 102 million was reversed and recorded as a decrease in 201cincome tax ( provision ) benefit , net 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 . 10 . discontinued operations as of december 31 , 2013 , blockbuster had ceased all material operations . accordingly , our consolidated balance sheets , consolidated statements of operations and comprehensive income ( loss ) and consolidated statements of cash flows have been recast to present blockbuster as discontinued operations for all periods presented and the amounts presented in the notes to our consolidated financial statements relate only to our continuing operations , unless otherwise noted . during the years ended december 31 , 2013 , 2012 and 2011 , the revenue from our discontinued operations was $ 503 million , $ 1.085 billion and $ 974 million , respectively . 201cincome ( loss ) from discontinued operations , before income taxes 201d for the same periods was a loss of $ 54 million , $ 62 million and $ 3 million , respectively . in addition , 201cincome ( loss ) from discontinued operations , net of tax 201d for the same periods was a loss of $ 47 million , $ 37 million and $ 7 million , respectively . as of december 31 , 2013 , the net assets from our discontinued operations consisted of the following : december 31 , 2013 ( in thousands ) .
Table
| as of december 31 2013 ( in thousands )
current assets from discontinued operations | $ 68239
noncurrent assets from discontinued operations | 9965
current liabilities from discontinued operations | -49471 ( 49471 )
long-term liabilities from discontinued operations | -19804 ( 19804 )
net assets from discontinued operations | $ 8929
.
Question:
what is the tax expense related to discontinued operations in 2013?
Important information:
text_12: during the years ended december 31 , 2013 , 2012 and 2011 , the revenue from our discontinued operations was $ 503 million , $ 1.085 billion and $ 974 million , respectively .
text_13: 201cincome ( loss ) from discontinued operations , before income taxes 201d for the same periods was a loss of $ 54 million , $ 62 million and $ 3 million , respectively .
text_14: in addition , 201cincome ( loss ) from discontinued operations , net of tax 201d for the same periods was a loss of $ 47 million , $ 37 million and $ 7 million , respectively .
Reasoning Steps:
Step: minus1-1(54, 47) = 7
Program:
subtract(54, 47)
Program (Nested):
subtract(54, 47)
| finqa103 |
what was the difference in percentage return for pmi common stock compared to the s&p 500 index for the five years ended 2018?
Important information:
table_1: date the december 31 2013 of pmi is $ 100.00 ; the december 31 2013 of pmi peer group ( 1 ) is $ 100.00 ; the december 31 2013 of s&p 500 index is $ 100.00 ;
table_4: date the december 31 2016 of pmi is $ 120.50 ; the december 31 2016 of pmi peer group ( 1 ) is $ 118.40 ; the december 31 2016 of s&p 500 index is $ 129.00 ;
table_6: date the december 31 2018 of pmi is $ 96.50 ; the december 31 2018 of pmi peer group ( 1 ) is $ 127.70 ; the december 31 2018 of s&p 500 index is $ 150.30 ;
Reasoning Steps:
Step: minus2-1(96.50, const_100) = -3.5
Step: divide2-2(#0, const_100) = -3.5%
Step: minus2-3(150.30, const_100) = 50.3
Step: divide2-4(#2, const_100) = 50.3%
Step: minus2-5(#3, #1) = 53.8%
Program:
subtract(96.50, const_100), divide(#0, const_100), subtract(150.30, const_100), divide(#2, const_100), subtract(#3, #1)
Program (Nested):
subtract(divide(subtract(150.30, const_100), const_100), divide(subtract(96.50, const_100), const_100))
| 0.538 | 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 graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2013 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index .
Table
date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2013 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2014 | $ 97.90 | $ 107.80 | $ 113.70
december 31 2015 | $ 111.00 | $ 116.80 | $ 115.30
december 31 2016 | $ 120.50 | $ 118.40 | $ 129.00
december 31 2017 | $ 144.50 | $ 140.50 | $ 157.20
december 31 2018 | $ 96.50 | $ 127.70 | $ 150.30
( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. .
Question:
what was the difference in percentage return for pmi common stock compared to the s&p 500 index for the five years ended 2018?
Important information:
table_1: date the december 31 2013 of pmi is $ 100.00 ; the december 31 2013 of pmi peer group ( 1 ) is $ 100.00 ; the december 31 2013 of s&p 500 index is $ 100.00 ;
table_4: date the december 31 2016 of pmi is $ 120.50 ; the december 31 2016 of pmi peer group ( 1 ) is $ 118.40 ; the december 31 2016 of s&p 500 index is $ 129.00 ;
table_6: date the december 31 2018 of pmi is $ 96.50 ; the december 31 2018 of pmi peer group ( 1 ) is $ 127.70 ; the december 31 2018 of s&p 500 index is $ 150.30 ;
Reasoning Steps:
Step: minus2-1(96.50, const_100) = -3.5
Step: divide2-2(#0, const_100) = -3.5%
Step: minus2-3(150.30, const_100) = 50.3
Step: divide2-4(#2, const_100) = 50.3%
Step: minus2-5(#3, #1) = 53.8%
Program:
subtract(96.50, const_100), divide(#0, const_100), subtract(150.30, const_100), divide(#2, const_100), subtract(#3, #1)
Program (Nested):
subtract(divide(subtract(150.30, const_100), const_100), divide(subtract(96.50, const_100), const_100))
| finqa104 |
what is the change in inventories net in millions between 2002 and 2003?
Important information:
table_4: the inventories net of 2003 is $ 527.7 ; the inventories net of 2002 is $ 257.6 ;
text_23: inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 .
text_24: change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively .
Reasoning Steps:
Step: minus1-1(527.7, 257.6) = 270.1
Program:
subtract(527.7, 257.6)
Program (Nested):
subtract(527.7, 257.6)
| 270.1 | 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 notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes .
Table
| 2003 | 2002
finished goods | $ 384.3 | $ 206.7
raw materials and work in progress | 90.8 | 50.9
inventory step-up | 52.6 | 2013
inventories net | $ 527.7 | $ 257.6
made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever .
Question:
what is the change in inventories net in millions between 2002 and 2003?
Important information:
table_4: the inventories net of 2003 is $ 527.7 ; the inventories net of 2002 is $ 257.6 ;
text_23: inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 .
text_24: change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively .
Reasoning Steps:
Step: minus1-1(527.7, 257.6) = 270.1
Program:
subtract(527.7, 257.6)
Program (Nested):
subtract(527.7, 257.6)
| finqa105 |
what was the average number of weighted average common shares outstanding for diluted computations from 2011 to 2013
Important information:
text_1: these charges reduced our net earnings by $ 130 million ( $ .40 per share ) and primarily related to a plan we committed to in november 2013 to close and consolidate certain facilities and reduce our total workforce by approximately 4000 positions within our is&gs , mst , and space systems business segments .
table_1: the weighted average common shares outstanding for basic computations of 2013 is 320.9 ; the weighted average common shares outstanding for basic computations of 2012 is 323.7 ; the weighted average common shares outstanding for basic computations of 2011 is 335.9 ;
table_3: the weighted average common shares outstanding for diluted computations of 2013 is 326.5 ; the weighted average common shares outstanding for diluted computations of 2012 is 328.4 ; the weighted average common shares outstanding for diluted computations of 2011 is 339.9 ;
Reasoning Steps:
Step: add1-1(326.5, 328.4) = 654.9
Step: add1-2(#0, 339.9) = 994.8
Step: add1-3(#1, const_3) = 663.2
Step: divide0-0(#2, const_2) = 331.6
Program:
add(326.5, 328.4), add(#0, 339.9), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(326.5, 328.4), 339.9), const_3), const_2)
| 498.9 | 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:
note 2 2013 restructuring charges 2013 actions during 2013 , we recorded charges related to certain severance actions totaling $ 201 million , net of state tax benefits , of which $ 83 million , $ 37 million , and $ 81 million related to our information systems & global solutions ( is&gs ) , mission systems and training ( mst ) , and space systems business segments . these charges reduced our net earnings by $ 130 million ( $ .40 per share ) and primarily related to a plan we committed to in november 2013 to close and consolidate certain facilities and reduce our total workforce by approximately 4000 positions within our is&gs , mst , and space systems business segments . these charges also include $ 30 million related to certain severance actions at our is&gs business segment that occurred in the first quarter of 2013 , which were subsequently paid in 2013 . the november 2013 plan resulted from a strategic review of these businesses 2019 facility capacity and future workload projections and is intended to better align our organization and cost structure and improve the affordability of our products and services given the continued decline in u.s . government spending as well as the rapidly changing competitive and economic landscape . upon separation , terminated employees will receive lump-sum severance payments primarily based on years of service . during 2013 , we paid approximately $ 15 million in severance payments associated with these actions , with the remainder expected to be paid through the middle of 2015 . in addition to the severance charges described above , we expect to incur accelerated and incremental costs ( e.g. , accelerated depreciation expense related to long-lived assets at the sites to be closed , relocation of equipment and other employee related costs ) of approximately $ 15 million , $ 50 million , and $ 135 million at our is&gs , mst , and space systems business segments related to the facility closures and consolidations . the accelerated and incremental costs will be expensed as incurred in the respective business segment 2019s results of operations through their completion in 2015 . we expect to recover a substantial amount of the restructuring charges through the pricing of our products and services to the u.s . government and other customers in future periods , with the impact included in the respective business segment 2019s results of operations . 2012 and 2011 actions during 2012 , we recorded charges related to certain severance actions totaling $ 48 million , net of state tax benefits , of which $ 25 million related to our aeronautics business segment and $ 23 million related to the reorganization of our former electronic systems business segment . these charges reduced our net earnings by $ 31 million ( $ .09 per share ) and consisted of severance costs associated with the elimination of certain positions through either voluntary or involuntary actions . these severance actions resulted from cost reduction initiatives to better align our organization with changing economic conditions . upon separation , terminated employees received lump-sum severance payments primarily based on years of service , all of which were paid in 2013 . during 2011 , we recorded charges related to certain severance actions totaling $ 136 million , net of state tax benefits , of which $ 49 million , $ 48 million , and $ 39 million related to our aeronautics , space systems , and our is&gs business segments and corporate headquarters . these charges reduced our net earnings by $ 88 million ( $ .26 per share ) and consisted of severance costs associated with the elimination of certain positions through either voluntary or involuntary actions . these severance actions resulted from a strategic review of these businesses and our corporate headquarters and are intended to better align our organization and cost structure with changing economic conditions . the workforce reductions at the business segments also reflected changes in program lifecycles , where several of our major programs were either transitioning out of development and into production or were ending . upon separation , terminated employees received lump-sum severance payments based on years of service . during 2011 , we made approximately half of the severance payments associated with these 2011 severance actions , and paid the remaining amounts in 2012 . note 3 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
Table
| 2013 | 2012 | 2011
weighted average common shares outstanding for basic computations | 320.9 | 323.7 | 335.9
weighted average dilutive effect of equity awards | 5.6 | 4.7 | 4.0
weighted average common shares outstanding for diluted computations | 326.5 | 328.4 | 339.9
.
Question:
what was the average number of weighted average common shares outstanding for diluted computations from 2011 to 2013
Important information:
text_1: these charges reduced our net earnings by $ 130 million ( $ .40 per share ) and primarily related to a plan we committed to in november 2013 to close and consolidate certain facilities and reduce our total workforce by approximately 4000 positions within our is&gs , mst , and space systems business segments .
table_1: the weighted average common shares outstanding for basic computations of 2013 is 320.9 ; the weighted average common shares outstanding for basic computations of 2012 is 323.7 ; the weighted average common shares outstanding for basic computations of 2011 is 335.9 ;
table_3: the weighted average common shares outstanding for diluted computations of 2013 is 326.5 ; the weighted average common shares outstanding for diluted computations of 2012 is 328.4 ; the weighted average common shares outstanding for diluted computations of 2011 is 339.9 ;
Reasoning Steps:
Step: add1-1(326.5, 328.4) = 654.9
Step: add1-2(#0, 339.9) = 994.8
Step: add1-3(#1, const_3) = 663.2
Step: divide0-0(#2, const_2) = 331.6
Program:
add(326.5, 328.4), add(#0, 339.9), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(326.5, 328.4), 339.9), const_3), const_2)
| finqa106 |
what amount of long-term debt due in the next 24 months as of december 31 , 2003 , in millions?
Important information:
table_1: the 2004 of ( in thousands ) is $ 503215 ;
table_2: the 2005 of ( in thousands ) is $ 462420 ;
table_5: the 2008 of ( in thousands ) is $ 941625 ;
Reasoning Steps:
Step: add1-1(503215, 462420) = 965635
Step: divide1-2(#0, const_1000) = 965.6
Program:
add(503215, 462420), divide(#0, const_1000)
Program (Nested):
divide(add(503215, 462420), const_1000)
| 965.635 | 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 notes to consolidated financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , certain series of which are secured by non-interest bearing first mortgage bonds . ( b ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on september 1 , 2005 and can then be remarketed . ( c ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on september 1 , 2004 and can then be remarketed . ( d ) the bonds had a mandatory tender date of october 1 , 2003 . entergy louisiana purchased the bonds from the holders , pursuant to the mandatory tender provision , and has not remarketed the bonds at this time . entergy louisiana used a combination of cash on hand and short-term borrowing to buy-in the bonds . ( e ) on june 1 , 2002 , entergy louisiana remarketed $ 55 million st . charles parish pollution control revenue refunding bonds due 2030 , resetting the interest rate to 4.9% ( 4.9 % ) through may 2005 . ( f ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on june 1 , 2005 and can then be remarketed . ( g ) pursuant to the nuclear waste policy act of 1982 , entergy's nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term ( h ) the fair value excludes lease obligations , long-term doe obligations , and other long-term debt and includes debt due within one year . it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms . the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2003 , for the next five years are as follows: .
Table
| ( in thousands )
2004 | $ 503215
2005 | $ 462420
2006 | $ 75896
2007 | $ 624539
2008 | $ 941625
in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above . in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa . under a provision in a letter of credit supporting these notes , if certain of the domestic utility companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization . if entergy's debt ratio exceeds this limit , or if entergy or certain of the domestic utility companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur. .
Question:
what amount of long-term debt due in the next 24 months as of december 31 , 2003 , in millions?
Important information:
table_1: the 2004 of ( in thousands ) is $ 503215 ;
table_2: the 2005 of ( in thousands ) is $ 462420 ;
table_5: the 2008 of ( in thousands ) is $ 941625 ;
Reasoning Steps:
Step: add1-1(503215, 462420) = 965635
Step: divide1-2(#0, const_1000) = 965.6
Program:
add(503215, 462420), divide(#0, const_1000)
Program (Nested):
divide(add(503215, 462420), const_1000)
| finqa107 |
for the quarter ended march 312008 what was the percent of the change from the highest to the lowest of the company per share sale prices of common stock
Important information:
table_1: 2008 the quarter ended march 31 of high is $ 42.72 ; the quarter ended march 31 of low is $ 32.10 ;
table_6: 2008 the quarter ended march 31 of high is $ 41.31 ; the quarter ended march 31 of low is $ 36.63 ;
text_2: on february 13 , 2009 , the closing price of our common stock was $ 28.85 per share as reported on the nyse .
Reasoning Steps:
Step: minus1-1(42.72, 32.10) = 10.62
Step: divide1-2(#0, 32.10) = 33.1%
Program:
subtract(42.72, 32.10), divide(#0, 32.10)
Program (Nested):
divide(subtract(42.72, 32.10), 32.10)
| 0.33084 | 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 common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2008 and 2007. .
Table
2008 | high | low
quarter ended march 31 | $ 42.72 | $ 32.10
quarter ended june 30 | 46.10 | 38.53
quarter ended september 30 | 43.43 | 31.89
quarter ended december 31 | 37.28 | 19.35
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
on february 13 , 2009 , the closing price of our common stock was $ 28.85 per share as reported on the nyse . as of february 13 , 2009 , we had 397097677 outstanding shares of common stock and 499 registered holders . dividends we have never paid a dividend on 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 term loan , 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 transaction . for more information about the restrictions under the loan agreement for the revolving credit facility and term loan , our notes indentures and the loan agreement related to our securitization transaction , 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 6 to our consolidated financial statements included in this annual report. .
Question:
for the quarter ended march 312008 what was the percent of the change from the highest to the lowest of the company per share sale prices of common stock
Important information:
table_1: 2008 the quarter ended march 31 of high is $ 42.72 ; the quarter ended march 31 of low is $ 32.10 ;
table_6: 2008 the quarter ended march 31 of high is $ 41.31 ; the quarter ended march 31 of low is $ 36.63 ;
text_2: on february 13 , 2009 , the closing price of our common stock was $ 28.85 per share as reported on the nyse .
Reasoning Steps:
Step: minus1-1(42.72, 32.10) = 10.62
Step: divide1-2(#0, 32.10) = 33.1%
Program:
subtract(42.72, 32.10), divide(#0, 32.10)
Program (Nested):
divide(subtract(42.72, 32.10), 32.10)
| finqa108 |
what was the average price of shares repurchased in 2010?
Important information:
text_17: the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .
table_4: the net loss recognized on fund holdings of 2008 is $ -90.2 ( 90.2 ) ; the net loss recognized on fund holdings of 2009 is $ -26.7 ( 26.7 ) ; the net loss recognized on fund holdings of change is $ 63.5 ;
text_23: we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 .
Reasoning Steps:
Step: divide2-1(240.0, const_5) = 48
Program:
divide(240.0, const_5)
Program (Nested):
divide(240.0, const_5)
| 48.0 | 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:
investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 . average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 . other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors . net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 . administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 . this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions . changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors . our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 . the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program . reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses . average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 . advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment . depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans . other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries . our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs . our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 . the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 . the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .
Table
| 2008 | 2009 | change
other than temporary impairments recognized | $ -91.3 ( 91.3 ) | $ -36.1 ( 36.1 ) | $ 55.2
capital gain distributions received | 5.6 | 2.0 | -3.6 ( 3.6 )
net gain ( loss ) realized on fund dispositions | -4.5 ( 4.5 ) | 7.4 | 11.9
net loss recognized on fund holdings | $ -90.2 ( 90.2 ) | $ -26.7 ( 26.7 ) | $ 63.5
lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments . the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 . our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) . c a p i t a l r e s o u r c e s a n d l i q u i d i t y . during 2010 , stockholders 2019 equity increased from $ 2.9 billion to $ 3.3 billion . we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 . tangible book value is $ 2.6 billion at december 31 , 2010 , and our cash and cash equivalents and our mutual fund investment holdings total more than $ 1.5 billion . given the availability of these financial resources , we do not maintain an available external source of liquidity . t . rowe price group annual report 2010 .
Question:
what was the average price of shares repurchased in 2010?
Important information:
text_17: the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .
table_4: the net loss recognized on fund holdings of 2008 is $ -90.2 ( 90.2 ) ; the net loss recognized on fund holdings of 2009 is $ -26.7 ( 26.7 ) ; the net loss recognized on fund holdings of change is $ 63.5 ;
text_23: we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 .
Reasoning Steps:
Step: divide2-1(240.0, const_5) = 48
Program:
divide(240.0, const_5)
Program (Nested):
divide(240.0, const_5)
| finqa109 |
in 2008 what was the percent of the total operating revenues that was associated with other revenues
Important information:
table_1: millions of dollars the freight revenues of 2008 is $ 17118 ; the freight revenues of 2007 is $ 15486 ; the freight revenues of 2006 is $ 14791 ; the freight revenues of % ( % ) change 2008 v 2007 is 11% ( 11 % ) ; the freight revenues of % ( % ) change 2007 v 2006 is 5% ( 5 % ) ;
table_2: millions of dollars the other revenues of 2008 is 852 ; the other revenues of 2007 is 797 ; the other revenues of 2006 is 787 ; the other revenues of % ( % ) change 2008 v 2007 is 7 ; the other revenues of % ( % ) change 2007 v 2006 is 1 ;
table_3: millions of dollars the total of 2008 is $ 17970 ; the total of 2007 is $ 16283 ; the total of 2006 is $ 15578 ; the total of % ( % ) change 2008 v 2007 is 10% ( 10 % ) ; the total of % ( % ) change 2007 v 2006 is 5% ( 5 % ) ;
Reasoning Steps:
Step: divide1-1(852, 17970) = 4.74%
Program:
divide(852, 17970)
Program (Nested):
divide(852, 17970)
| 0.04741 | 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:
will continue to seek recovery from our customers through our fuel surcharge programs and expand our fuel conservation efforts . 2022 capital plan 2013 in 2009 , we expect our total capital investments to be approximately $ 2.8 billion ( which may be revised if business conditions or new laws or regulations affect our ability to generate sufficient returns on these investments ) . see further discussion in this item 7 under liquidity and capital resources 2013 capital plan . 2022 financial expectations 2013 we are cautious about the economic environment ; however , we anticipate continued pricing opportunities , network improvement , and increased productivity in 2009 . results of operations operating revenues millions of dollars 2008 2007 2006 % ( % ) change 2008 v 2007 % ( % ) change 2007 v 2006 .
Table
millions of dollars | 2008 | 2007 | 2006 | % ( % ) change 2008 v 2007 | % ( % ) change 2007 v 2006
freight revenues | $ 17118 | $ 15486 | $ 14791 | 11% ( 11 % ) | 5% ( 5 % )
other revenues | 852 | 797 | 787 | 7 | 1
total | $ 17970 | $ 16283 | $ 15578 | 10% ( 10 % ) | 5% ( 5 % )
freight revenues are revenues generated by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) . arc is driven by changes in price , traffic mix and fuel surcharges . as a result of contractual obligations with some of our customers , we have provided incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as a reduction to freight revenues based on the actual or projected future shipments . we recognize freight revenues on a percentage-of- completion basis as freight moves 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 five of the six commodity groups increased during 2008 , with particularly strong growth from agricultural and energy shipments . while revenues generated from chemical and industrial products shipments grew in 2008 compared to 2007 , hurricanes gustav and ike reduced shipments of these commodities . revenues generated from automotive shipments declined versus 2007 . greater fuel cost recoveries and core pricing improvement combined to increase arc during 2008 . fuel cost recoveries include fuel surcharge revenue and the impact of resetting the base fuel price for certain traffic , as described below in more detail . the severe economic downturn during the fourth quarter compounded already declining volumes experienced during the first nine months of 2008 due to ongoing weakness in certain market sectors . as a result , we moved fewer intermodal , automotive , industrial products , and chemical shipments , which more than offset volume growth from agricultural and energy shipments . our fuel surcharge programs ( excluding index-based contract escalators that contain some provision for fuel ) generated $ 2.3 billion in freight revenues during 2008 . fuel surcharge revenue is not comparable to prior periods due to the implementation of new mileage-based fuel surcharge programs beginning in april 2007 for regulated traffic . as previously disclosed in our 2006 annual report on form 10-k , the stb .
Question:
in 2008 what was the percent of the total operating revenues that was associated with other revenues
Important information:
table_1: millions of dollars the freight revenues of 2008 is $ 17118 ; the freight revenues of 2007 is $ 15486 ; the freight revenues of 2006 is $ 14791 ; the freight revenues of % ( % ) change 2008 v 2007 is 11% ( 11 % ) ; the freight revenues of % ( % ) change 2007 v 2006 is 5% ( 5 % ) ;
table_2: millions of dollars the other revenues of 2008 is 852 ; the other revenues of 2007 is 797 ; the other revenues of 2006 is 787 ; the other revenues of % ( % ) change 2008 v 2007 is 7 ; the other revenues of % ( % ) change 2007 v 2006 is 1 ;
table_3: millions of dollars the total of 2008 is $ 17970 ; the total of 2007 is $ 16283 ; the total of 2006 is $ 15578 ; the total of % ( % ) change 2008 v 2007 is 10% ( 10 % ) ; the total of % ( % ) change 2007 v 2006 is 5% ( 5 % ) ;
Reasoning Steps:
Step: divide1-1(852, 17970) = 4.74%
Program:
divide(852, 17970)
Program (Nested):
divide(852, 17970)
| finqa110 |
considering the years 2015-2016 , what is the decrease observed in the cash contributions to funded plans and benefit payments for unfunded plans?
Important information:
text_26: during 2016 and 2015 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 79.3 and $ 137.5 , respectively .
text_27: for 2017 , cash contributions to defined benefit plans are estimated to be $ 65 to $ 85 .
text_28: the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which .
Reasoning Steps:
Step: minus2-1(79.3, 137.5) = -58.2
Step: divide2-2(#0, 137.5) = -42.32%
Program:
subtract(79.3, 137.5), divide(#0, 137.5)
Program (Nested):
divide(subtract(79.3, 137.5), 137.5)
| -0.42327 | 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:
pension expense .
Table
| 2016 | 2015 | 2014
pension expense | $ 68.1 | $ 135.6 | $ 135.9
special terminations settlements and curtailments ( included above ) | 7.3 | 35.2 | 5.8
weighted average discount rate ( a ) | 4.1% ( 4.1 % ) | 4.0% ( 4.0 % ) | 4.6% ( 4.6 % )
weighted average expected rate of return on plan assets | 7.5% ( 7.5 % ) | 7.4% ( 7.4 % ) | 7.7% ( 7.7 % )
weighted average expected rate of compensation increase | 3.5% ( 3.5 % ) | 3.5% ( 3.5 % ) | 3.9% ( 3.9 % )
( a ) effective in 2016 , the company began to measure the service cost and interest cost components of pension expense by applying spot rates along the yield curve to the relevant projected cash flows , as we believe this provides a better measurement of these costs . the company has accounted for this as a change in accounting estimate and , accordingly has accounted for it on a prospective basis . this change does not affect the measurement of the total benefit obligation . 2016 vs . 2015 pension expense , excluding special items , decreased from the prior year due to the adoption of the spot rate approach which reduced service cost and interest cost , the impact from expected return on assets and demographic gains , partially offset by the impact of the adoption of new mortality tables for our major plans . special items of $ 7.3 included pension settlement losses of $ 6.4 , special termination benefits of $ 2.0 , and curtailment gains of $ 1.1 . these resulted primarily from our recent business restructuring and cost reduction actions . 2015 vs . 2014 the decrease in pension expense , excluding special items , was due to the impact from expected return on assets , a 40 bp reduction in the weighted average compensation increase assumption , and lower service cost and interest cost . the decrease was partially offset by the impact of higher amortization of actuarial losses , which resulted primarily from a 60 bp decrease in weighted average discount rate . special items of $ 35.2 included pension settlement losses of $ 21.2 , special termination benefits of $ 8.7 , and curtailment losses of $ 5.3 . these resulted primarily from our recent business restructuring and cost reduction actions . 2017 outlook in 2017 , pension expense , excluding special items , is estimated to be approximately $ 70 to $ 75 , an increase of $ 10 to $ 15 from 2016 , resulting primarily from a decrease in discount rates , offset by favorable asset experience , effects of the versum spin-off and the adoption of new mortality tables . pension settlement losses of $ 10 to $ 15 are expected , dependent on the timing of retirements . in 2017 , we expect pension expense to include approximately $ 164 for amortization of actuarial losses compared to $ 121 in 2016 . net actuarial losses of $ 484 were recognized in accumulated other comprehensive income in 2016 , primarily attributable to lower discount rates and improved mortality projections . actuarial gains/losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses . future changes in the discount rate and actual returns on plan assets different from expected returns would impact the actuarial gains/losses and resulting amortization in years beyond 2017 . during the first quarter of 2017 , the company expects to record a curtailment loss estimated to be $ 5 to $ 10 related to employees transferring to versum . the loss will be reflected in the results from discontinued operations on the consolidated income statements . we continue to evaluate opportunities to manage the liabilities associated with our pension plans . pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans . with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses . in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions . with the assistance of third party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions . during 2016 and 2015 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 79.3 and $ 137.5 , respectively . for 2017 , cash contributions to defined benefit plans are estimated to be $ 65 to $ 85 . the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which .
Question:
considering the years 2015-2016 , what is the decrease observed in the cash contributions to funded plans and benefit payments for unfunded plans?
Important information:
text_26: during 2016 and 2015 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 79.3 and $ 137.5 , respectively .
text_27: for 2017 , cash contributions to defined benefit plans are estimated to be $ 65 to $ 85 .
text_28: the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which .
Reasoning Steps:
Step: minus2-1(79.3, 137.5) = -58.2
Step: divide2-2(#0, 137.5) = -42.32%
Program:
subtract(79.3, 137.5), divide(#0, 137.5)
Program (Nested):
divide(subtract(79.3, 137.5), 137.5)
| finqa111 |
what is the difference in payments between entergy arkansas and entergy louisiana , in millions?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 2 ;
table_2: the entergy louisiana of payments ( receipts ) ( in millions ) is $ 6 ;
table_3: the entergy mississippi of payments ( receipts ) ( in millions ) is ( $ 4 ) ;
Reasoning Steps:
Step: minus1-1(6, 2) = 4
Program:
subtract(6, 2)
Program (Nested):
subtract(6, 2)
| 4.0 | 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:
payments ( receipts ) ( in millions ) .
Table
| payments ( receipts ) ( in millions )
entergy arkansas | $ 2
entergy louisiana | $ 6
entergy mississippi | ( $ 4 )
entergy new orleans | ( $ 1 )
entergy texas | ( $ 3 )
in september 2016 the ferc accepted the february 2016 compliance filing subject to a further compliance filing made in november 2016 . the further compliance filing was required as a result of an order issued in september 2016 ruling on the january 2016 rehearing requests filed by the lpsc , the apsc , and entergy . in the order addressing the rehearing requests , the ferc granted the lpsc 2019s rehearing request and directed that interest be calculated on the payment/receipt amounts . the ferc also granted the apsc 2019s and entergy 2019s rehearing request and ordered the removal of both securitized asset accumulated deferred income taxes and contra-securitization accumulated deferred income taxes from the calculation . in november 2016 , entergy submitted its compliance filing in response to the ferc 2019s order on rehearing . the compliance filing included a revised refund calculation of the true-up payments and receipts based on 2009 test year data and interest calculations . the lpsc protested the interest calculations . in november 2017 the ferc issued an order rejecting the november 2016 compliance filing . the ferc determined that the payments detailed in the november 2016 compliance filing did not include adequate interest for the payments from entergy arkansas to entergy louisiana because it did not include interest on the principal portion of the payment that was made in february 2016 . in december 2017 , entergy recalculated the interest pursuant to the november 2017 order . as a result of the recalculations , entergy arkansas owed very minor payments to entergy louisiana , entergy mississippi , and entergy new orleans . 2011 rate filing based on calendar year 2010 production costs in may 2011 , entergy filed with the ferc the 2011 rates in accordance with the ferc 2019s orders in the system agreement proceeding . a0 a0several parties intervened in the proceeding at the ferc , including the lpsc , which also filed a protest . a0 a0in july a02011 the ferc a0accepted entergy 2019s proposed rates for filing , a0effective june a01 , a02011 , a0subject to refund . after an abeyance of the proceeding schedule , in december 2014 the ferc consolidated the 2011 rate filing with the 2012 , 2013 , and 2014 rate filings for settlement and hearing procedures . see discussion below regarding the consolidated settlement and hearing procedures in connection with this proceeding . 2012 rate filing based on calendar year 2011 production costs in may 2012 , entergy filed with the ferc the 2012 rates in accordance with the ferc 2019s orders in the system agreement proceeding . a0 a0several parties intervened in the proceeding at the ferc , including the lpsc , which also filed a protest . a0 a0in august 2012 the ferc a0accepted entergy 2019s proposed rates for filing , a0effective june a02012 , a0subject to refund . after an abeyance of the proceeding schedule , in december 2014 the ferc consolidated the 2012 rate filing with the 2011 , 2013 , and 2014 rate filings for settlement and hearing procedures . see discussion below regarding the consolidated settlement and hearing procedures in connection with this proceeding . 2013 rate filing based on calendar year 2012 production costs in may 2013 , entergy filed with the ferc the 2013 rates in accordance with the ferc 2019s orders in the system agreement proceeding . several parties intervened in the proceeding at the ferc , including the lpsc , which also filed a protest . the city council intervened and filed comments related to including the outcome of a related ferc proceeding in the 2013 cost equalization calculation . in august 2013 the ferc issued an order accepting the 2013 rates , effective june 1 , 2013 , subject to refund . after an abeyance of the proceeding schedule , in december 2014 the ferc consolidated the 2013 rate filing with the 2011 , 2012 , and 2014 rate filings for settlement and hearing procedures . entergy corporation and subsidiaries notes to financial statements .
Question:
what is the difference in payments between entergy arkansas and entergy louisiana , in millions?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 2 ;
table_2: the entergy louisiana of payments ( receipts ) ( in millions ) is $ 6 ;
table_3: the entergy mississippi of payments ( receipts ) ( in millions ) is ( $ 4 ) ;
Reasoning Steps:
Step: minus1-1(6, 2) = 4
Program:
subtract(6, 2)
Program (Nested):
subtract(6, 2)
| finqa112 |
what is the total interest expense for the year ending on may 27 , 2012 , ( in millions )
Important information:
text_3: the net amount of pre-tax gains and losses in aoci as of may 27 , 2012 , that we expect to be reclassified into net earnings within the next 12 months is $ 14.0 million of expense .
table_1: in millions the u.s . commercial paper of may 27 2012 notes payable is $ 412.0 ; the u.s . commercial paper of may 27 2012 weighted- average interest rate is 0.2% ( 0.2 % ) ; the u.s . commercial paper of may 27 2012 notespayable is $ 192.5 ; the u.s . commercial paper of weighted-averageinterest rate is 0.2% ( 0.2 % ) ;
table_3: in millions the total of may 27 2012 notes payable is $ 526.5 ; the total of may 27 2012 weighted- average interest rate is 2.4% ( 2.4 % ) ; the total of may 27 2012 notespayable is $ 311.3 ; the total of weighted-averageinterest rate is 4.5% ( 4.5 % ) ;
Reasoning Steps:
Step: multiply1-1(526.5, 2.4%) = 12.6
Program:
multiply(526.5, 2.4%)
Program (Nested):
multiply(526.5, 2.4%)
| 12.636 | 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:
62 general mills amounts recorded in accumulated other comprehensive loss unrealized losses from interest rate cash flow hedges recorded in aoci as of may 27 , 2012 , totaled $ 73.6 million after tax . these deferred losses are primarily related to interest rate swaps that we entered into in contemplation of future borrowings and other financ- ing requirements and that are being reclassified into net interest over the lives of the hedged forecasted transac- tions . unrealized losses from foreign currency cash flow hedges recorded in aoci as of may 27 , 2012 , were $ 1.7 million after-tax . the net amount of pre-tax gains and losses in aoci as of may 27 , 2012 , that we expect to be reclassified into net earnings within the next 12 months is $ 14.0 million of expense . credit-risk-related contingent features certain of our derivative instruments contain provisions that require us to maintain an investment grade credit rating on our debt from each of the major credit rat- ing agencies . if our debt were to fall below investment grade , the counterparties to the derivative instruments could request full collateralization on derivative instru- ments in net liability positions . the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on may 27 , 2012 , was $ 19.9 million . we have posted col- lateral of $ 4.3 million in the normal course of business associated with these contracts . if the credit-risk-related contingent features underlying these agreements had been triggered on may 27 , 2012 , we would have been required to post an additional $ 15.6 million of collateral to counterparties . concentrations of credit and counterparty credit risk during fiscal 2012 , wal-mart stores , inc . and its affili- ates ( wal-mart ) accounted for 22 percent of our con- solidated net sales and 30 percent of our net sales in the u.s . retail segment . no other customer accounted for 10 percent or more of our consolidated net sales . wal- mart also represented 6 percent of our net sales in the international segment and 7 percent of our net sales in the bakeries and foodservice segment . as of may 27 , 2012 , wal-mart accounted for 26 percent of our u.s . retail receivables , 5 percent of our international receiv- ables , and 9 percent of our bakeries and foodservice receivables . the five largest customers in our u.s . retail segment accounted for 54 percent of its fiscal 2012 net sales , the five largest customers in our international segment accounted for 26 percent of its fiscal 2012 net sales , and the five largest customers in our bakeries and foodservice segment accounted for 46 percent of its fis- cal 2012 net sales . we enter into interest rate , foreign exchange , and cer- tain commodity and equity derivatives , primarily with a diversified group of highly rated counterparties . we continually monitor our positions and the credit rat- ings of the counterparties involved and , by policy , limit the amount of credit exposure to any one party . these transactions may expose us to potential losses due to the risk of nonperformance by these counterparties ; however , we have not incurred a material loss . we also enter into commodity futures transactions through vari- ous regulated exchanges . the amount of loss due to the credit risk of the coun- terparties , should the counterparties fail to perform according to the terms of the contracts , is $ 19.5 million against which we do not hold collateral . under the terms of master swap agreements , some of our transactions require collateral or other security to support financial instruments subject to threshold levels of exposure and counterparty credit risk . collateral assets are either cash or u.s . treasury instruments and are held in a trust account that we may access if the counterparty defaults . note 8 . debt notes payable the components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows: .
Table
in millions | may 27 2012 notes payable | may 27 2012 weighted- average interest rate | may 27 2012 notespayable | weighted-averageinterest rate
u.s . commercial paper | $ 412.0 | 0.2% ( 0.2 % ) | $ 192.5 | 0.2% ( 0.2 % )
financial institutions | 114.5 | 10.0 | 118.8 | 11.5
total | $ 526.5 | 2.4% ( 2.4 % ) | $ 311.3 | 4.5% ( 4.5 % )
to ensure availability of funds , we maintain bank credit lines sufficient to cover our outstanding short- term borrowings . commercial paper is a continuing source of short-term financing . we have commercial paper programs available to us in the united states and europe . in april 2012 , we entered into fee-paid commit- ted credit lines , consisting of a $ 1.0 billion facility sched- uled to expire in april 2015 and a $ 1.7 billion facility .
Question:
what is the total interest expense for the year ending on may 27 , 2012 , ( in millions )
Important information:
text_3: the net amount of pre-tax gains and losses in aoci as of may 27 , 2012 , that we expect to be reclassified into net earnings within the next 12 months is $ 14.0 million of expense .
table_1: in millions the u.s . commercial paper of may 27 2012 notes payable is $ 412.0 ; the u.s . commercial paper of may 27 2012 weighted- average interest rate is 0.2% ( 0.2 % ) ; the u.s . commercial paper of may 27 2012 notespayable is $ 192.5 ; the u.s . commercial paper of weighted-averageinterest rate is 0.2% ( 0.2 % ) ;
table_3: in millions the total of may 27 2012 notes payable is $ 526.5 ; the total of may 27 2012 weighted- average interest rate is 2.4% ( 2.4 % ) ; the total of may 27 2012 notespayable is $ 311.3 ; the total of weighted-averageinterest rate is 4.5% ( 4.5 % ) ;
Reasoning Steps:
Step: multiply1-1(526.5, 2.4%) = 12.6
Program:
multiply(526.5, 2.4%)
Program (Nested):
multiply(526.5, 2.4%)
| finqa113 |
what percentage of amounts expensed in 2009 came from discretionary company contributions?
Important information:
text_14: amounts expensed for the savings plans for 2009 , 2008 and 2007 were $ 35.1 , $ 29.6 and $ 31.4 , respectively .
text_15: expense includes a discretionary company contribution of $ 3.8 , $ 4.0 and $ 4.9 offset by participant forfeitures of $ 2.7 , $ 7.8 , $ 6.0 in 2009 , 2008 and 2007 , respectively .
text_23: amounts expensed for deferred benefit arrangements in 2009 , 2008 and 2007 were $ 12.0 , $ 14.9 and $ 15.5 , respectively .
Reasoning Steps:
Step: divide2-1(3.8, 35.1) = 0.1083
Step: multiply2-2(#0, const_100) = 10.83
Program:
divide(3.8, 35.1), multiply(#0, const_100)
Program (Nested):
multiply(divide(3.8, 35.1), const_100)
| 10.82621 | 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 ) cash flows for 2010 , we expect to contribute $ 25.2 and $ 9.2 to our foreign pension plans and domestic pension plans , respectively . a significant portion of our contributions to the foreign pension plans relate to the u.k . pension plan . additionally , we are in the process of modifying the schedule of employer contributions for the u.k . pension plan and we expect to finalize this during 2010 . as a result , we expect our contributions to our foreign pension plans to increase from current levels in 2010 and subsequent years . during 2009 , we contributed $ 31.9 to our foreign pension plans and contributions to the domestic pension plan were negligible . the following estimated future benefit payments , which reflect future service , as appropriate , are expected to be paid in the years indicated below . domestic pension plans foreign pension plans postretirement benefit plans .
Table
years | domestic pension plans | foreign pension plans | postretirement benefit plans
2010 | $ 17.2 | $ 23.5 | $ 5.8
2011 | 11.1 | 24.7 | 5.7
2012 | 10.8 | 26.4 | 5.7
2013 | 10.5 | 28.2 | 5.6
2014 | 10.5 | 32.4 | 5.5
2015 2013 2019 | 48.5 | 175.3 | 24.8
the estimated future payments for our postretirement benefit plans are before any estimated federal subsidies expected to be received under the medicare prescription drug , improvement and modernization act of 2003 . federal subsidies are estimated to range from $ 0.5 in 2010 to $ 0.6 in 2014 and are estimated to be $ 2.4 for the period 2015-2019 . savings plans we sponsor defined contribution plans ( the 201csavings plans 201d ) that cover substantially all domestic employees . the savings plans permit participants to make contributions on a pre-tax and/or after-tax basis and allows participants to choose among various investment alternatives . we match a portion of participant contributions based upon their years of service . amounts expensed for the savings plans for 2009 , 2008 and 2007 were $ 35.1 , $ 29.6 and $ 31.4 , respectively . expense includes a discretionary company contribution of $ 3.8 , $ 4.0 and $ 4.9 offset by participant forfeitures of $ 2.7 , $ 7.8 , $ 6.0 in 2009 , 2008 and 2007 , respectively . in addition , we maintain defined contribution plans in various foreign countries and contributed $ 25.0 , $ 28.7 and $ 26.7 to these plans in 2009 , 2008 and 2007 , respectively . deferred compensation and benefit arrangements we have deferred compensation arrangements which ( i ) permit certain of our key officers and employees to defer a portion of their salary or incentive compensation , or ( ii ) require us to contribute an amount to the participant 2019s account . the arrangements typically provide that the participant will receive the amounts deferred plus interest upon attaining certain conditions , such as completing a certain number of years of service or upon retirement or termination . as of december 31 , 2009 and 2008 , the deferred compensation liability balance was $ 100.3 and $ 107.6 , respectively . amounts expensed for deferred compensation arrangements in 2009 , 2008 and 2007 were $ 11.6 , $ 5.7 and $ 11.9 , respectively . we have deferred benefit arrangements with certain key officers and employees that provide participants with an annual payment , payable when the participant attains a certain age and after the participant 2019s employment has terminated . the deferred benefit liability was $ 178.2 and $ 182.1 as of december 31 , 2009 and 2008 , respectively . amounts expensed for deferred benefit arrangements in 2009 , 2008 and 2007 were $ 12.0 , $ 14.9 and $ 15.5 , respectively . we have purchased life insurance policies on participants 2019 lives to assist in the funding of the related deferred compensation and deferred benefit liabilities . as of december 31 , 2009 and 2008 , the cash surrender value of these policies was $ 119.4 and $ 100.2 , respectively . in addition to the life insurance policies , certain investments are held for the purpose of paying the deferred compensation and deferred benefit liabilities . these investments , along with the life insurance policies , are held in a separate revocable trust for the purpose of paying the deferred compensation and the deferred benefit .
Question:
what percentage of amounts expensed in 2009 came from discretionary company contributions?
Important information:
text_14: amounts expensed for the savings plans for 2009 , 2008 and 2007 were $ 35.1 , $ 29.6 and $ 31.4 , respectively .
text_15: expense includes a discretionary company contribution of $ 3.8 , $ 4.0 and $ 4.9 offset by participant forfeitures of $ 2.7 , $ 7.8 , $ 6.0 in 2009 , 2008 and 2007 , respectively .
text_23: amounts expensed for deferred benefit arrangements in 2009 , 2008 and 2007 were $ 12.0 , $ 14.9 and $ 15.5 , respectively .
Reasoning Steps:
Step: divide2-1(3.8, 35.1) = 0.1083
Step: multiply2-2(#0, const_100) = 10.83
Program:
divide(3.8, 35.1), multiply(#0, const_100)
Program (Nested):
multiply(divide(3.8, 35.1), const_100)
| finqa114 |
what is the percent of the square feet in owned facilities in other countries?
Important information:
text_3: properties as of december 28 , 2013 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 29.9 16.7 46.6 leased facilities2 2.3 6.0 8.3 .
table_1: ( square feet in millions ) the owned facilities1 of unitedstates is 29.9 ; the owned facilities1 of othercountries is 16.7 ; the owned facilities1 of total is 46.6 ;
table_3: ( square feet in millions ) the total facilities of unitedstates is 32.2 ; the total facilities of othercountries is 22.7 ; the total facilities of total is 54.9 ;
Reasoning Steps:
Step: divide2-1(16.7, 46.6) = 35.8%
Program:
divide(16.7, 46.6)
Program (Nested):
divide(16.7, 46.6)
| 0.35837 | 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 1b . unresolved staff comments not applicable . item 2 . properties as of december 28 , 2013 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 29.9 16.7 46.6 leased facilities2 2.3 6.0 8.3 .
Table
( square feet in millions ) | unitedstates | othercountries | total
owned facilities1 | 29.9 | 16.7 | 46.6
leased facilities2 | 2.3 | 6.0 | 8.3
total facilities | 32.2 | 22.7 | 54.9
1 leases on portions of the land used for these facilities expire on varying dates through 2062 . 2 leases expire on varying dates through 2028 and generally include renewals at our option . our principal executive offices are located in the u.s . and a significant amount of our wafer fabrication activities are also located in the u.s . in addition to our current facilities , we are building a development fabrication facility in oregon which began r&d start-up in 2013 . we expect that this new facility will allow us to widen our process technology lead . we also completed construction of a large-scale fabrication building in arizona in 2013 , which is currently not in use and is not being depreciated . we recently announced that we plan to delay equipment installation in this building and leverage existing fabrication facilities , reserving this new facility for additional capacity and future technologies . outside the u.s. , we have wafer fabrication facilities in israel , china , and ireland . our fabrication facility in ireland is currently transitioning to a newer process technology node , with manufacturing expected to recommence in 2015 . our assembly and test facilities are located in malaysia , china , costa rica , and vietnam . in addition , we have sales and marketing offices worldwide that are generally located near major concentrations of customers . we believe that the facilities described above are suitable and adequate for our present purposes and that the productive capacity in our facilities is substantially being utilized or we have plans to utilize it . we do not identify or allocate assets by operating segment . for information on net property , plant and equipment by country , see 201cnote 27 : operating segments and geographic information 201d in part ii , item 8 of this form 10-k . item 3 . legal proceedings for a discussion of legal proceedings , see 201cnote 26 : contingencies 201d in part ii , item 8 of this form 10-k . item 4 . mine safety disclosures not applicable . table of contents .
Question:
what is the percent of the square feet in owned facilities in other countries?
Important information:
text_3: properties as of december 28 , 2013 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 29.9 16.7 46.6 leased facilities2 2.3 6.0 8.3 .
table_1: ( square feet in millions ) the owned facilities1 of unitedstates is 29.9 ; the owned facilities1 of othercountries is 16.7 ; the owned facilities1 of total is 46.6 ;
table_3: ( square feet in millions ) the total facilities of unitedstates is 32.2 ; the total facilities of othercountries is 22.7 ; the total facilities of total is 54.9 ;
Reasoning Steps:
Step: divide2-1(16.7, 46.6) = 35.8%
Program:
divide(16.7, 46.6)
Program (Nested):
divide(16.7, 46.6)
| finqa115 |
what is the percentage change in total gross amount of unrecognized tax benefits from 2017 to 2018?
Important information:
table_1: the beginning balance of 2018 is $ 172945 ; the beginning balance of 2017 is $ 178413 ;
table_4: the gross increases in unrecognized tax benefits 2013 current year tax positions of 2018 is 60721 ; the gross increases in unrecognized tax benefits 2013 current year tax positions of 2017 is 24927 ;
table_8: the ending balance of 2018 is $ 196152 ; the ending balance of 2017 is $ 172945 ;
Reasoning Steps:
Step: minus1-1(196152, 172945) = 23207
Step: divide1-2(#0, 172945) = 13.4%
Program:
subtract(196152, 172945), divide(#0, 172945)
Program (Nested):
divide(subtract(196152, 172945), 172945)
| 0.13419 | 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 adobe inc . notes to consolidated financial statements ( continued ) certain states and foreign jurisdictions to fully utilize available tax credits and other attributes . the deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized . we provide u.s . income taxes on the earnings of foreign subsidiaries unless the subsidiaries 2019 earnings are considered permanently reinvested outside the united states or are exempted from taxation as a result of the new territorial tax system . to the extent that the foreign earnings previously treated as permanently reinvested are repatriated , the related u.s . tax liability may be reduced by any foreign income taxes paid on these earnings . as of november 30 , 2018 , the cumulative amount of earnings upon which u.s . income taxes have not been provided is approximately $ 275 million . the unrecognized deferred tax liability for these earnings is approximately $ 57.8 million . as of november 30 , 2018 , we have net operating loss carryforwards of approximately $ 881.1 million for federal and $ 349.7 million for state . we also have federal , state and foreign tax credit carryforwards of approximately $ 8.8 million , $ 189.9 million and $ 14.9 million , respectively . the net operating loss carryforward assets and tax credits will expire in various years from fiscal 2019 through 2036 . the state tax credit carryforwards and a portion of the federal net operating loss carryforwards can be carried forward indefinitely . the net operating loss carryforward assets and certain credits are reduced by the valuation allowance and are subject to an annual limitation under internal revenue code section 382 , the carrying amount of which are expected to be fully realized . as of november 30 , 2018 , a valuation allowance of $ 174.5 million has been established for certain deferred tax assets related to certain state and foreign assets . for fiscal 2018 , the total change in the valuation allowance was $ 80.9 million . accounting for uncertainty in income taxes during fiscal 2018 and 2017 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .
Table
| 2018 | 2017
beginning balance | $ 172945 | $ 178413
gross increases in unrecognized tax benefits 2013 prior year tax positions | 16191 | 3680
gross decreases in unrecognized tax benefits 2013 prior year tax positions | -4000 ( 4000 ) | -30166 ( 30166 )
gross increases in unrecognized tax benefits 2013 current year tax positions | 60721 | 24927
settlements with taxing authorities | 2014 | -3876 ( 3876 )
lapse of statute of limitations | -45922 ( 45922 ) | -8819 ( 8819 )
foreign exchange gains and losses | -3783 ( 3783 ) | 8786
ending balance | $ 196152 | $ 172945
the combined amount of accrued interest and penalties related to tax positions taken on our tax returns were approximately $ 24.6 million and $ 23.6 million for fiscal 2018 and 2017 , respectively . these amounts were included in long-term income taxes payable in their respective years . we file income tax returns in the united states on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are ireland , california and the united states . for ireland , california and the united states , the earliest fiscal years open for examination are 2008 , 2014 and 2015 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from these examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance of short-term and long- term assets , liabilities and income taxes payable . we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential effect in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 45 million. .
Question:
what is the percentage change in total gross amount of unrecognized tax benefits from 2017 to 2018?
Important information:
table_1: the beginning balance of 2018 is $ 172945 ; the beginning balance of 2017 is $ 178413 ;
table_4: the gross increases in unrecognized tax benefits 2013 current year tax positions of 2018 is 60721 ; the gross increases in unrecognized tax benefits 2013 current year tax positions of 2017 is 24927 ;
table_8: the ending balance of 2018 is $ 196152 ; the ending balance of 2017 is $ 172945 ;
Reasoning Steps:
Step: minus1-1(196152, 172945) = 23207
Step: divide1-2(#0, 172945) = 13.4%
Program:
subtract(196152, 172945), divide(#0, 172945)
Program (Nested):
divide(subtract(196152, 172945), 172945)
| finqa116 |
considering the year 2018 , what is the cash flow result?
Important information:
table_1: cash provided by ( used for ) the operating activities of 2019 is $ 2969.9 ; the operating activities of 2018 is $ 2547.2 ;
table_2: cash provided by ( used for ) the investing activities of 2019 is -2113.4 ( 2113.4 ) ; the investing activities of 2018 is -1641.6 ( 1641.6 ) ;
table_3: cash provided by ( used for ) the financing activities of 2019 is -1370.5 ( 1370.5 ) ; the financing activities of 2018 is -1359.8 ( 1359.8 ) ;
Reasoning Steps:
Step: minus2-1(2547.2, 1641.6) = 905.6
Step: minus2-2(#0, 1359.8) = -454.2
Program:
subtract(2547.2, 1641.6), subtract(#0, 1359.8)
Program (Nested):
subtract(subtract(2547.2, 1641.6), 1359.8)
| -454.2 | 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 we maintained a strong financial position throughout fiscal year 2019 . as of 30 september 2019 , our consolidated balance sheet included cash and cash items of $ 2248.7 . we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future . as of 30 september 2019 , we had $ 971.5 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2248.7 . as a result of the tax act , we do not expect that a significant portion of our foreign subsidiaries' and affiliates' earnings will be subject to u.s . income tax upon subsequent repatriation to the united states . the repatriation of these earnings may be subject to foreign withholding and other taxes depending on the country in which the subsidiaries and affiliates reside . however , because we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s . refer to note 23 , income taxes , for additional information . the table below summarizes our cash flows from operating activities , investing activities , and financing activities from continuing operations as reflected on the consolidated statements of cash flows: .
Table
cash provided by ( used for ) | 2019 | 2018
operating activities | $ 2969.9 | $ 2547.2
investing activities | -2113.4 ( 2113.4 ) | -1641.6 ( 1641.6 )
financing activities | -1370.5 ( 1370.5 ) | -1359.8 ( 1359.8 )
operating activities for the fiscal year ended 30 september 2019 , cash provided by operating activities was $ 2969.9 . income from continuing operations of $ 1760.0 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , a charge for the facility closure of one of our customers , undistributed earnings of unconsolidated affiliates , gain on sale of assets and investments , share-based compensation , noncurrent capital lease receivables , and certain other adjustments . the caption "gain on sale of assets and investments" includes a gain of $ 14.1 recognized on the disposition of our interest in high-tech gases ( beijing ) co. , ltd. , a previously held equity investment in our industrial gases 2013 asia segment . refer to note 7 , acquisitions , to the consolidated financial statements for additional information . the working capital accounts were a use of cash of $ 25.3 , primarily driven by $ 69.0 from trade receivables and $ 41.8 from payables and accrued liabilities , partially offset by $ 79.8 from other receivables . the use of cash within "payables and accrued liabilities" was primarily driven by a $ 48.9 decrease in accrued utilities and a $ 30.3 decrease in accrued interest , partially offset by a $ 51.6 increase in customer advances primarily related to sale of equipment activity . the decrease in accrued utilities was primarily driven by a contract modification to a tolling arrangement in india and lower utility costs in the industrial gases 2013 americas segment . the source of cash from other receivables of $ 79.8 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures and the collection of value added taxes . for the fiscal year ended 30 september 2018 , cash provided by operating activities was $ 2547.2 , including income from continuing operations of $ 1455.6 . other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions . the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities . in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 . the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables . the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures . the use of cash in inventories primarily resulted from the purchase of helium molecules . in addition , inventories reflect the noncash impact of our change in accounting for u.s . inventories from lifo to fifo . the source of cash from other receivables of $ 128.3 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures. .
Question:
considering the year 2018 , what is the cash flow result?
Important information:
table_1: cash provided by ( used for ) the operating activities of 2019 is $ 2969.9 ; the operating activities of 2018 is $ 2547.2 ;
table_2: cash provided by ( used for ) the investing activities of 2019 is -2113.4 ( 2113.4 ) ; the investing activities of 2018 is -1641.6 ( 1641.6 ) ;
table_3: cash provided by ( used for ) the financing activities of 2019 is -1370.5 ( 1370.5 ) ; the financing activities of 2018 is -1359.8 ( 1359.8 ) ;
Reasoning Steps:
Step: minus2-1(2547.2, 1641.6) = 905.6
Step: minus2-2(#0, 1359.8) = -454.2
Program:
subtract(2547.2, 1641.6), subtract(#0, 1359.8)
Program (Nested):
subtract(subtract(2547.2, 1641.6), 1359.8)
| finqa117 |
what was the ratio of the free cash flow to the cash provided by operating activities in 2015
Important information:
table_1: millions the cash provided by operating activities of 2015 is $ 7344 ; the cash provided by operating activities of 2014 is $ 7385 ; the cash provided by operating activities of 2013 is $ 6823 ;
table_2: millions the cash used in investing activities of 2015 is -4476 ( 4476 ) ; the cash used in investing activities of 2014 is -4249 ( 4249 ) ; the cash used in investing activities of 2013 is -3405 ( 3405 ) ;
table_4: millions the free cash flow of 2015 is $ 524 ; the free cash flow of 2014 is $ 1504 ; the free cash flow of 2013 is $ 2085 ;
Reasoning Steps:
Step: divide1-1(524, 7344) = 0.07
Program:
divide(524, 7344)
Program (Nested):
divide(524, 7344)
| 0.07135 | 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:
to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : .
Table
millions | 2015 | 2014 | 2013
cash provided by operating activities | $ 7344 | $ 7385 | $ 6823
cash used in investing activities | -4476 ( 4476 ) | -4249 ( 4249 ) | -3405 ( 3405 )
dividends paid | -2344 ( 2344 ) | -1632 ( 1632 ) | -1333 ( 1333 )
free cash flow | $ 524 | $ 1504 | $ 2085
2016 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2016 , we will continue to align resources with customer demand , continue to improve network performance , and maintain our surge capability . f0b7 fuel prices 2013 with the dramatic drop in fuel prices during 2015 , fuel price projections continue to be uncertain in the current environment . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail fluctuations in fuel price by approximately two months . continuing lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices will likely have a negative impact on other commodities such as coal , frac sand and crude oil shipments . f0b7 capital plan 2013 in 2016 , we expect our capital plan to be approximately $ 3.75 billion , including expenditures for ptc , 230 locomotives and 450 freight cars . the capital plan may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 financial expectations 2013 economic conditions in many of our market sectors continue to drive uncertainty with respect to our volume levels . we expect volumes to be down slightly in 2016 compared to 2015 , but will depend on the overall economy and market conditions . the strong u.s . dollar and historic low commodity prices could also drive continued volatility . one of the biggest uncertainties is the outlook for energy markets , which will bring both challenges and opportunities . in the current environment , we expect continued margin improvement driven by continued pricing opportunities , ongoing productivity initiatives , and the ability to leverage our resources and strengthen our franchise . over the longer term , we expect the overall u.s . economy to continue to improve at a modest pace , with some markets outperforming others. .
Question:
what was the ratio of the free cash flow to the cash provided by operating activities in 2015
Important information:
table_1: millions the cash provided by operating activities of 2015 is $ 7344 ; the cash provided by operating activities of 2014 is $ 7385 ; the cash provided by operating activities of 2013 is $ 6823 ;
table_2: millions the cash used in investing activities of 2015 is -4476 ( 4476 ) ; the cash used in investing activities of 2014 is -4249 ( 4249 ) ; the cash used in investing activities of 2013 is -3405 ( 3405 ) ;
table_4: millions the free cash flow of 2015 is $ 524 ; the free cash flow of 2014 is $ 1504 ; the free cash flow of 2013 is $ 2085 ;
Reasoning Steps:
Step: divide1-1(524, 7344) = 0.07
Program:
divide(524, 7344)
Program (Nested):
divide(524, 7344)
| finqa118 |
what percent of the change between net revenue in 2007 and 2008 was due to rider revenue?
Important information:
table_1: the 2007 net revenue of amount ( in millions ) is $ 231.0 ;
table_4: the rider revenue of amount ( in millions ) is 3.9 ;
table_7: the 2008 net revenue of amount ( in millions ) is $ 252.7 ;
Reasoning Steps:
Step: minus2-1(252.7, 231.0) = 21.7
Step: divide2-2(3.9, #0) = 18%
Program:
subtract(252.7, 231.0), divide(3.9, #0)
Program (Nested):
divide(3.9, subtract(252.7, 231.0))
| 0.17972 | 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 new orleans , inc . management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
Table
| amount ( in millions )
2007 net revenue | $ 231.0
volume/weather | 15.5
net gas revenue | 6.6
rider revenue | 3.9
base revenue | -11.3 ( 11.3 )
other | 7.0
2008 net revenue | $ 252.7
the volume/weather variance is due to an increase in electricity usage in the service territory in 2008 compared to the same period in 2007 . entergy new orleans estimates that approximately 141000 electric customers and 93000 gas customers have returned since hurricane katrina and are taking service as of december 31 , 2008 , compared to approximately 132000 electric customers and 86000 gas customers as of december 31 , 2007 . billed retail electricity usage increased a total of 184 gwh compared to the same period in 2007 , an increase of 4% ( 4 % ) . the net gas revenue variance is primarily due to an increase in base rates in march and november 2007 . refer to note 2 to the financial statements for a discussion of the base rate increase . the rider revenue variance is due primarily to higher total revenue and a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 . the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account . the settlement agreement is discussed in note 2 to the financial statements . the base revenue variance is primarily due to a base rate recovery credit , effective january 2008 . the base rate credit is discussed in note 2 to the financial statements . gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 58.9 million in gross wholesale revenue due to increased sales to affiliated customers and an increase in the average price of energy available for resale sales ; an increase of $ 47.7 million in electric fuel cost recovery revenues due to higher fuel rates and increased electricity usage ; and an increase of $ 22 million in gross gas revenues due to higher fuel recovery revenues and increases in gas base rates in march 2007 and november 2007 . fuel and purchased power increased primarily due to increases in the average market prices of natural gas and purchased power in addition to an increase in demand. .
Question:
what percent of the change between net revenue in 2007 and 2008 was due to rider revenue?
Important information:
table_1: the 2007 net revenue of amount ( in millions ) is $ 231.0 ;
table_4: the rider revenue of amount ( in millions ) is 3.9 ;
table_7: the 2008 net revenue of amount ( in millions ) is $ 252.7 ;
Reasoning Steps:
Step: minus2-1(252.7, 231.0) = 21.7
Step: divide2-2(3.9, #0) = 18%
Program:
subtract(252.7, 231.0), divide(3.9, #0)
Program (Nested):
divide(3.9, subtract(252.7, 231.0))
| finqa119 |
what is the change in the balance of liability for all restructuring from 2006 to 2008 , ( in millions ) ?
Important information:
table_1: the liability at december 31 2006 of 2007 program is $ 2014 ; the liability at december 31 2006 of 2003 program is $ 12.6 ; the liability at december 31 2006 of 2001 program is $ 19.2 ; the liability at december 31 2006 of total is $ 31.8 ;
table_4: the liability at december 31 2007 of 2007 program is $ 11.9 ; the liability at december 31 2007 of 2003 program is $ 9.0 ; the liability at december 31 2007 of 2001 program is $ 8.7 ; the liability at december 31 2007 of total is $ 29.6 ;
table_7: the liability at december 31 2008 of 2007 program is $ 1.2 ; the liability at december 31 2008 of 2003 program is $ 5.7 ; the liability at december 31 2008 of 2001 program is $ 5.9 ; the liability at december 31 2008 of total is $ 12.8 ;
Reasoning Steps:
Step: minus2-1(12.8, 31.8) = -19
Program:
subtract(12.8, 31.8)
Program (Nested):
subtract(12.8, 31.8)
| -19.0 | 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 2014 ( continued ) ( amounts in millions , except per share amounts ) a summary of the remaining liability for the 2007 , 2003 and 2001 restructuring programs is as follows : program program program total .
Table
| 2007 program | 2003 program | 2001 program | total
liability at december 31 2006 | $ 2014 | $ 12.6 | $ 19.2 | $ 31.8
net charges ( reversals ) and adjustments | 19.1 | -0.5 ( 0.5 ) | -5.2 ( 5.2 ) | 13.4
payments and other1 | -7.2 ( 7.2 ) | -3.1 ( 3.1 ) | -5.3 ( 5.3 ) | -15.6 ( 15.6 )
liability at december 31 2007 | $ 11.9 | $ 9.0 | $ 8.7 | $ 29.6
net charges and adjustments | 4.3 | 0.8 | 0.7 | 5.8
payments and other1 | -15.0 ( 15.0 ) | -4.1 ( 4.1 ) | -3.5 ( 3.5 ) | -22.6 ( 22.6 )
liability at december 31 2008 | $ 1.2 | $ 5.7 | $ 5.9 | $ 12.8
1 includes amounts representing adjustments to the liability for changes in foreign currency exchange rates . other reorganization-related charges other reorganization-related charges relate to our realignment of our media businesses into a newly created management entity called mediabrands and the 2006 merger of draft worldwide and foote , cone and belding worldwide to create draftfcb . charges related to severance and terminations costs and lease termination and other exit costs . we expect charges associated with mediabrands to be completed during the first half of 2009 . charges related to the creation of draftfcb in 2006 are complete . the charges were separated from the rest of our operating expenses within the consolidated statements of operations because they did not result from charges that occurred in the normal course of business. .
Question:
what is the change in the balance of liability for all restructuring from 2006 to 2008 , ( in millions ) ?
Important information:
table_1: the liability at december 31 2006 of 2007 program is $ 2014 ; the liability at december 31 2006 of 2003 program is $ 12.6 ; the liability at december 31 2006 of 2001 program is $ 19.2 ; the liability at december 31 2006 of total is $ 31.8 ;
table_4: the liability at december 31 2007 of 2007 program is $ 11.9 ; the liability at december 31 2007 of 2003 program is $ 9.0 ; the liability at december 31 2007 of 2001 program is $ 8.7 ; the liability at december 31 2007 of total is $ 29.6 ;
table_7: the liability at december 31 2008 of 2007 program is $ 1.2 ; the liability at december 31 2008 of 2003 program is $ 5.7 ; the liability at december 31 2008 of 2001 program is $ 5.9 ; the liability at december 31 2008 of total is $ 12.8 ;
Reasoning Steps:
Step: minus2-1(12.8, 31.8) = -19
Program:
subtract(12.8, 31.8)
Program (Nested):
subtract(12.8, 31.8)
| finqa120 |
what percentage was eurasia sbu of total revenue in 2017?
Important information:
table_2: year ended december 31, the andes sbu of total revenue 2017 is 2710 ; the andes sbu of total revenue 2016 is 2506 ; the andes sbu of total revenue 2015 is 2489 ;
table_5: year ended december 31, the eurasia sbu of total revenue 2017 is 1590 ; the eurasia sbu of total revenue 2016 is 1670 ; the eurasia sbu of total revenue 2015 is 1875 ;
table_8: year ended december 31, the total revenue of total revenue 2017 is $ 10530 ; the total revenue of total revenue 2016 is $ 10281 ; the total revenue of total revenue 2015 is $ 11260 ;
Reasoning Steps:
Step: divide1-1(1590, 10530) = 15%
Program:
divide(1590, 10530)
Program (Nested):
divide(1590, 10530)
| 0.151 | 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 aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 on december 8 , 2017 , the board of directors declared a quarterly common stock dividend of $ 0.13 per share payable on february 15 , 2018 to shareholders of record at the close of business on february 1 , 2018 . stock repurchase program 2014 no shares were repurchased in 2017 . the cumulative repurchases from the commencement of the program in july 2010 through december 31 , 2017 totaled 154.3 million shares for a total cost of $ 1.9 billion , at an average price per share of $ 12.12 ( including a nominal amount of commissions ) . as of december 31 , 2017 , $ 246 million remained available for repurchase under the program . the common stock repurchased has been classified as treasury stock and accounted for using the cost method . a total of 155924785 and 156878891 shares were held as treasury stock at december 31 , 2017 and 2016 , respectively . restricted stock units under the company's employee benefit plans are issued from treasury stock . the company has not retired any common stock repurchased since it began the program in july 2010 . 15 . segments and geographic information the segment reporting structure uses the company's organizational structure as its foundation to reflect how the company manages the businesses internally and is organized by geographic regions which provides a socio- political-economic understanding of our business . during the third quarter of 2017 , the europe and asia sbus were merged in order to leverage scale and are now reported as part of the eurasia sbu . the management reporting structure is organized by five sbus led by our president and chief executive officer : us , andes , brazil , mcac and eurasia sbus . the company determined that it has five operating and five reportable segments corresponding to its sbus . all prior period results have been retrospectively revised to reflect the new segment reporting structure . in february 2018 , we announced a reorganization as a part of our ongoing strategy to simplify our portfolio , optimize our cost structure , and reduce our carbon intensity . the company is currently evaluating the impact this reorganization will have on our segment reporting structure . corporate and other 2014 corporate overhead costs which are not directly associated with the operations of our five reportable segments are included in "corporate and other." also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation . the company uses adjusted ptc as its primary segment performance measure . adjusted ptc , a non-gaap measure , is defined by the company as pre-tax income from continuing operations attributable to the aes corporation excluding gains or losses of the consolidated entity due to ( a ) unrealized gains or losses related to derivative transactions ; ( b ) unrealized foreign currency gains or losses ; ( c ) gains , losses and associated benefits and costs due to dispositions and acquisitions of business interests , including early plant closures ; ( d ) losses due to impairments ; ( e ) gains , losses and costs due to the early retirement of debt ; and ( f ) costs directly associated with a major restructuring program , including , but not limited to , workforce reduction efforts , relocations , and office consolidation . adjusted ptc also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities . the company has concluded adjusted ptc better reflects the underlying business performance of the company and is the most relevant measure considered in the company's internal evaluation of the financial performance of its segments . additionally , given its large number of businesses and complexity , the company concluded that adjusted ptc is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the company's results . revenue and adjusted ptc are presented before inter-segment eliminations , which includes the effect of intercompany transactions with other segments except for interest , charges for certain management fees , and the write-off of intercompany balances , as applicable . all intra-segment activity has been eliminated within the segment . inter-segment activity has been eliminated within the total consolidated results . the following tables present financial information by segment for the periods indicated ( in millions ) : .
Table
year ended december 31, | total revenue 2017 | total revenue 2016 | total revenue 2015
us sbu | $ 3229 | $ 3429 | $ 3593
andes sbu | 2710 | 2506 | 2489
brazil sbu | 542 | 450 | 962
mcac sbu | 2448 | 2172 | 2353
eurasia sbu | 1590 | 1670 | 1875
corporate and other | 35 | 77 | 31
eliminations | -24 ( 24 ) | -23 ( 23 ) | -43 ( 43 )
total revenue | $ 10530 | $ 10281 | $ 11260
.
Question:
what percentage was eurasia sbu of total revenue in 2017?
Important information:
table_2: year ended december 31, the andes sbu of total revenue 2017 is 2710 ; the andes sbu of total revenue 2016 is 2506 ; the andes sbu of total revenue 2015 is 2489 ;
table_5: year ended december 31, the eurasia sbu of total revenue 2017 is 1590 ; the eurasia sbu of total revenue 2016 is 1670 ; the eurasia sbu of total revenue 2015 is 1875 ;
table_8: year ended december 31, the total revenue of total revenue 2017 is $ 10530 ; the total revenue of total revenue 2016 is $ 10281 ; the total revenue of total revenue 2015 is $ 11260 ;
Reasoning Steps:
Step: divide1-1(1590, 10530) = 15%
Program:
divide(1590, 10530)
Program (Nested):
divide(1590, 10530)
| finqa121 |
in 2005 what was the percent of the investment banking as part of the total segments operations
Important information:
table_1: year ended december 31 , ( in millions except ratios ) the investment bank of year ended december 31 , 2005 is $ 3658 ; the investment bank of year ended december 31 , 2004 is $ 2948 ; the investment bank of year ended december 31 , change is 24% ( 24 % ) ; the investment bank of 2005 is 18% ( 18 % ) ; the investment bank of 2004 is 17% ( 17 % ) ;
table_4: year ended december 31 , ( in millions except ratios ) the commercial banking of year ended december 31 , 2005 is 1007 ; the commercial banking of year ended december 31 , 2004 is 608 ; the commercial banking of year ended december 31 , change is 66 ; the commercial banking of 2005 is 30 ; the commercial banking of 2004 is 29 ;
table_8: year ended december 31 , ( in millions except ratios ) the total of year ended december 31 , 2005 is $ 10521 ; the total of year ended december 31 , 2004 is $ 8211 ; the total of year ended december 31 , change is 28% ( 28 % ) ; the total of 2005 is 17% ( 17 % ) ; the total of 2004 is 16% ( 16 % ) ;
Reasoning Steps:
Step: divide1-1(3658, 10521) = 34.8%
Program:
divide(3658, 10521)
Program (Nested):
divide(3658, 10521)
| 0.34769 | 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:
segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .
Table
year ended december 31 , ( in millions except ratios ) | year ended december 31 , 2005 | year ended december 31 , 2004 | year ended december 31 , change | 2005 | 2004
investment bank | $ 3658 | $ 2948 | 24% ( 24 % ) | 18% ( 18 % ) | 17% ( 17 % )
retail financial services | 3427 | 2199 | 56 | 26 | 24
card services | 1907 | 1274 | 50 | 16 | 17
commercial banking | 1007 | 608 | 66 | 30 | 29
treasury & securities services | 1037 | 440 | 136 | 55 | 17
asset & wealth management | 1216 | 681 | 79 | 51 | 17
corporate | -1731 ( 1731 ) | 61 | nm | nm | nm
total | $ 10521 | $ 8211 | 28% ( 28 % ) | 17% ( 17 % ) | 16% ( 16 % )
jpmorgan chase & co . / 2005 annual report 35 and are retained in corporate . these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments . during 2005 , the firm refined cost allocation methodologies related to certain corporate functions , technology and operations expenses in order to improve transparency , consistency and accountability with regard to costs allocated across business segments . prior periods have not been revised to reflect these new cost allocation methodologies . capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements . the amount of capital assigned to each business is referred to as equity . at the time of the merger , goodwill , as well as the associated capital , was allocated solely to corporate . effective january 2006 , the firm expects to refine its methodology for allocating capital to the business segments to include any goodwill associated with line of business-directed acquisitions since the merger . u.s . gaap requires the allocation of goodwill to the business segments for impairment testing ( see critical accounting estimates used by the firm and note 15 on pages 81 2013 83 and 114 2013116 , respectively , of this annual report ) . see the capital management section on page 56 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be based upon pre-tax earnings , net of the cost of capital related to those exposures . prior to the merger , the credit reimbursement was based upon pre-tax earnings , plus the allocated capital associated with the shared clients . tax-equivalent adjustments segment and firm results reflect revenues on a tax-equivalent basis for segment reporting purposes . refer to explanation and reconciliation of the firm 2019s non-gaap financial measures on page 31 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and expense using market-based methodologies . effective with the merger on july 1 , 2004 , several of the allocation methodologies were revised , as noted below . as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods beginning with the third quarter of 2004 . further , the firm continues to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions . these revenue-sharing agreements were revised on the merger date to provide consistency across the lines of business . funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and expense to each business and transfer the primary interest rate risk exposures to corporate . the allocation process is unique to each business and considers the interest rate risk , liquidity risk and regulatory requirements of its stand- alone peers . business segments may retain certain interest rate exposures , subject to management approval , that would be expected in the normal operation of a similar peer business . in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms . expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based upon their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided . effective with the third quarter of 2004 , the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments .
Question:
in 2005 what was the percent of the investment banking as part of the total segments operations
Important information:
table_1: year ended december 31 , ( in millions except ratios ) the investment bank of year ended december 31 , 2005 is $ 3658 ; the investment bank of year ended december 31 , 2004 is $ 2948 ; the investment bank of year ended december 31 , change is 24% ( 24 % ) ; the investment bank of 2005 is 18% ( 18 % ) ; the investment bank of 2004 is 17% ( 17 % ) ;
table_4: year ended december 31 , ( in millions except ratios ) the commercial banking of year ended december 31 , 2005 is 1007 ; the commercial banking of year ended december 31 , 2004 is 608 ; the commercial banking of year ended december 31 , change is 66 ; the commercial banking of 2005 is 30 ; the commercial banking of 2004 is 29 ;
table_8: year ended december 31 , ( in millions except ratios ) the total of year ended december 31 , 2005 is $ 10521 ; the total of year ended december 31 , 2004 is $ 8211 ; the total of year ended december 31 , change is 28% ( 28 % ) ; the total of 2005 is 17% ( 17 % ) ; the total of 2004 is 16% ( 16 % ) ;
Reasoning Steps:
Step: divide1-1(3658, 10521) = 34.8%
Program:
divide(3658, 10521)
Program (Nested):
divide(3658, 10521)
| finqa122 |
what percent higher is fair value than carrying value?
Important information:
text_14: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2014 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value .
table_7: ( in millions ) the total long-term borrowings of maturity amount is $ 4950 ; the total long-term borrowings of unamortized discount is $ -12 ( 12 ) ; the total long-term borrowings of carrying value is $ 4938 ; the total long-term borrowings of fair value is $ 5309 ;
text_15: long-term borrowings at december 31 , 2013 had a carrying value of $ 4.939 billion and a fair value of $ 5.284 billion determined using market prices at the end of december 2013 .
Reasoning Steps:
Step: divide1-1(5309, 4938) = 1.0751
Step: minus1-2(#0, const_1) = .0751
Program:
divide(5309, 4938), subtract(#0, const_1)
Program (Nested):
subtract(divide(5309, 4938), const_1)
| 0.07513 | 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:
credit facility , which was amended in 2013 and 2012 . in march 2014 , the company 2019s credit facility was further amended to extend the maturity date to march 2019 . the amount of the aggregate commitment is $ 3.990 billion ( the 201c2014 credit facility 201d ) . the 2014 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2014 credit facility to an aggregate principal amount not to exceed $ 4.990 billion . interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread . the 2014 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortization , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2014 . the 2014 credit facility provides back-up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities . at december 31 , 2014 , the company had no amount outstanding under the 2014 credit facility . commercial paper program . on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3.0 billion . blackrock increased the maximum aggregate amount that could be borrowed under the cp program to $ 3.5 billion in 2011 and to $ 3.785 billion in 2012 . in april 2013 , blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $ 3.990 billion . the cp program is currently supported by the 2014 credit facility . at december 31 , 2014 , blackrock had no cp notes outstanding . long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2014 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value .
Table
( in millions ) | maturity amount | unamortized discount | carrying value | fair value
1.375% ( 1.375 % ) notes due 2015 | $ 750 | $ 2014 | $ 750 | $ 753
6.25% ( 6.25 % ) notes due 2017 | 700 | -1 ( 1 ) | 699 | 785
5.00% ( 5.00 % ) notes due 2019 | 1000 | -2 ( 2 ) | 998 | 1134
4.25% ( 4.25 % ) notes due 2021 | 750 | -3 ( 3 ) | 747 | 825
3.375% ( 3.375 % ) notes due 2022 | 750 | -3 ( 3 ) | 747 | 783
3.50% ( 3.50 % ) notes due 2024 | 1000 | -3 ( 3 ) | 997 | 1029
total long-term borrowings | $ 4950 | $ -12 ( 12 ) | $ 4938 | $ 5309
long-term borrowings at december 31 , 2013 had a carrying value of $ 4.939 billion and a fair value of $ 5.284 billion determined using market prices at the end of december 2013 . 2024 notes . in march 2014 , the company issued $ 1.0 billion in aggregate principal amount of 3.50% ( 3.50 % ) senior unsecured and unsubordinated notes maturing on march 18 , 2024 ( the 201c2024 notes 201d ) . the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014 . interest is payable semi-annually in arrears on march 18 and september 18 of each year , or approximately $ 35 million per year . the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2024 notes were issued at a discount of $ 3 million that is being amortized over the term of the notes . the company incurred approximately $ 6 million of debt issuance costs , which are being amortized over the term of the 2024 notes . at december 31 , 2014 , $ 6 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2015 and 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities , including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes . at december 31 , 2014 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities , including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) . interest .
Question:
what percent higher is fair value than carrying value?
Important information:
text_14: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2014 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value .
table_7: ( in millions ) the total long-term borrowings of maturity amount is $ 4950 ; the total long-term borrowings of unamortized discount is $ -12 ( 12 ) ; the total long-term borrowings of carrying value is $ 4938 ; the total long-term borrowings of fair value is $ 5309 ;
text_15: long-term borrowings at december 31 , 2013 had a carrying value of $ 4.939 billion and a fair value of $ 5.284 billion determined using market prices at the end of december 2013 .
Reasoning Steps:
Step: divide1-1(5309, 4938) = 1.0751
Step: minus1-2(#0, const_1) = .0751
Program:
divide(5309, 4938), subtract(#0, const_1)
Program (Nested):
subtract(divide(5309, 4938), const_1)
| finqa123 |
what percent of the net change in revenue between 2006 and 2007 was due to transmission revenue?
Important information:
table_1: the 2006 net revenue of amount ( in millions ) is $ 403.3 ;
table_5: the transmission revenue of amount ( in millions ) is 6.1 ;
table_8: the 2007 net revenue of amount ( in millions ) is $ 442.3 ;
Reasoning Steps:
Step: minus2-1(442.3, 403.3) = 39
Step: divide2-2(6.1, #0) = 15.6%
Program:
subtract(442.3, 403.3), divide(6.1, #0)
Program (Nested):
divide(6.1, subtract(442.3, 403.3))
| 0.15641 | 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 texas , inc . management's financial discussion and analysis fuel and purchased power expenses increased primarily due to an increase in power purchases as a result of the purchased power agreements between entergy gulf states louisiana and entergy texas and an increase in the average market prices of purchased power and natural gas , substantially offset by a decrease in deferred fuel expense as a result of decreased recovery from customers of fuel costs . other regulatory charges increased primarily due to an increase of $ 6.9 million in the recovery of bond expenses related to the securitization bonds . the recovery became effective july 2007 . see note 5 to the financial statements for additional information regarding the securitization bonds . 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 charges . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
Table
| amount ( in millions )
2006 net revenue | $ 403.3
purchased power capacity | 13.1
securitization transition charge | 9.9
volume/weather | 9.7
transmission revenue | 6.1
base revenue | 2.6
other | -2.4 ( 2.4 )
2007 net revenue | $ 442.3
the purchased power capacity variance is due to changes in the purchased power capacity costs included in the calculation in 2007 compared to 2006 used to bill generation costs between entergy texas and entergy gulf states louisiana . the securitization transition charge variance is due to the issuance of securitization bonds . as discussed above , in june 2007 , egsrf i , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . see note 5 to the financial statements herein for details of the securitization bond issuance . the volume/weather variance is due to increased electricity usage on billed retail sales , including the effects of more favorable weather in 2007 compared to the same period in 2006 . the increase is also due to an increase in usage during the unbilled sales period . retail electricity usage increased a total of 139 gwh in all sectors . see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues . the transmission revenue variance is due to an increase in rates effective june 2007 and new transmission customers in late 2006 . the base revenue variance is due to the transition to competition rider that began in march 2006 . refer to note 2 to the financial statements for further discussion of the rate increase . gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues decreased primarily due to a decrease of $ 179 million in fuel cost recovery revenues due to lower fuel rates and fuel refunds . the decrease was partially offset by the $ 39 million increase in net revenue described above and an increase of $ 44 million in wholesale revenues , including $ 30 million from the system agreement cost equalization payments from entergy arkansas . the receipt of such payments is being .
Question:
what percent of the net change in revenue between 2006 and 2007 was due to transmission revenue?
Important information:
table_1: the 2006 net revenue of amount ( in millions ) is $ 403.3 ;
table_5: the transmission revenue of amount ( in millions ) is 6.1 ;
table_8: the 2007 net revenue of amount ( in millions ) is $ 442.3 ;
Reasoning Steps:
Step: minus2-1(442.3, 403.3) = 39
Step: divide2-2(6.1, #0) = 15.6%
Program:
subtract(442.3, 403.3), divide(6.1, #0)
Program (Nested):
divide(6.1, subtract(442.3, 403.3))
| finqa124 |
what is the growth rate in net revenue in 2016?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 1666 ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 1542 ;
text_10: as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , the amortization of the palisades below- market ppa , and vermont yankee capacity revenue .
Reasoning Steps:
Step: minus1-1(1542, 1666) = -124
Step: divide1-2(#0, 1666) = -7.4%
Program:
subtract(1542, 1666), divide(#0, 1666)
Program (Nested):
divide(subtract(1542, 1666), 1666)
| -0.07443 | 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:
amortized over a nine-year period beginning december 2015 . see note 2 to the financial statements for further discussion of the business combination and customer credits . the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales . the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .
Table
| amount ( in millions )
2015 net revenue | $ 1666
nuclear realized price changes | -149 ( 149 )
rhode island state energy center | -44 ( 44 )
nuclear volume | -36 ( 36 )
fitzpatrick reimbursement agreement | 41
nuclear fuel expenses | 68
other | -4 ( 4 )
2016 net revenue | $ 1542
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , the amortization of the palisades below- market ppa , and vermont yankee capacity revenue . the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 . see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 . see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis .
Question:
what is the growth rate in net revenue in 2016?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 1666 ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 1542 ;
text_10: as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , the amortization of the palisades below- market ppa , and vermont yankee capacity revenue .
Reasoning Steps:
Step: minus1-1(1542, 1666) = -124
Step: divide1-2(#0, 1666) = -7.4%
Program:
subtract(1542, 1666), divide(#0, 1666)
Program (Nested):
divide(subtract(1542, 1666), 1666)
| finqa125 |
what is the average percentage for aaa rated facilities in 2008 and 2009?
Important information:
table_1: the aaa/aaa of december 31 2009 is 14% ( 14 % ) ; the aaa/aaa of december 312008 is 19% ( 19 % ) ;
table_2: the aa/aa of december 31 2009 is 50 ; the aa/aa of december 312008 is 6 ;
table_5: the total of december 31 2009 is 100% ( 100 % ) ; the total of december 312008 is 100% ( 100 % ) ;
Reasoning Steps:
Step: add2-1(14, 19) = 33
Step: divide2-2(#0, const_2) = 16.5
Program:
add(14, 19), divide(#0, const_2)
Program (Nested):
divide(add(14, 19), const_2)
| 16.5 | 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:
market street commitments by credit rating ( a ) december 31 , december 31 .
Table
| december 31 2009 | december 312008
aaa/aaa | 14% ( 14 % ) | 19% ( 19 % )
aa/aa | 50 | 6
a/a | 34 | 72
bbb/baa | 2 | 3
total | 100% ( 100 % ) | 100% ( 100 % )
( a ) the majority of our facilities are not explicitly rated by the rating agencies . all facilities are structured to meet rating agency standards for applicable rating levels . we evaluated the design of market street , its capital structure , the note , and relationships among the variable interest holders . based on this analysis and under accounting guidance effective during 2009 and 2008 , we are not the primary beneficiary and therefore the assets and liabilities of market street are not included on our consolidated balance sheet . we considered changes to the variable interest holders ( such as new expected loss note investors and changes to program- level credit enhancement providers ) , terms of expected loss notes , and new types of risks related to market street as reconsideration events . we reviewed the activities of market street on at least a quarterly basis to determine if a reconsideration event has occurred . tax credit investments we make certain equity investments in various limited partnerships or limited liability companies ( llcs ) that sponsor affordable housing projects utilizing the low income housing tax credit ( lihtc ) pursuant to sections 42 and 47 of the internal revenue code . the purpose of these investments is to achieve a satisfactory return on capital , to facilitate the sale of additional affordable housing product offerings and to assist us in achieving goals associated with the community reinvestment act . the primary activities of the investments include the identification , development and operation of multi-family housing that is leased to qualifying residential tenants . generally , these types of investments are funded through a combination of debt and equity . we typically invest in these partnerships as a limited partner or non-managing member . also , we are a national syndicator of affordable housing equity ( together with the investments described above , the 201clihtc investments 201d ) . in these syndication transactions , we create funds in which our subsidiaries are the general partner or managing member and sell limited partnership or non-managing member interests to third parties , and in some cases may also purchase a limited partnership or non-managing member interest in the fund . the purpose of this business is to generate income from the syndication of these funds , generate servicing fees by managing the funds , and earn tax credits to reduce our tax liability . general partner or managing member activities include selecting , evaluating , structuring , negotiating , and closing the fund investments in operating limited partnerships , as well as oversight of the ongoing operations of the fund portfolio . we evaluate our interests and third party interests in the limited partnerships/llcs in determining whether we are the primary beneficiary . the primary beneficiary determination is based on which party absorbs a majority of the variability . the primary sources of variability in lihtc investments are the tax credits , tax benefits due to passive losses on the investments and development and operating cash flows . we have consolidated lihtc investments in which we absorb a majority of the variability and thus are considered the primary beneficiary . the assets are primarily included in equity investments and other assets on our consolidated balance sheet with the liabilities classified in other liabilities and third party investors 2019 interests included in the equity section as noncontrolling interests . neither creditors nor equity investors in the lihtc investments have any recourse to our general credit . the consolidated aggregate assets and liabilities of these lihtc investments are provided in the consolidated vies 2013 pnc is primary beneficiary table and reflected in the 201cother 201d business segment . we also have lihtc investments in which we are not the primary beneficiary , but are considered to have a significant variable interest based on our interests in the partnership/llc . these investments are disclosed in the non-consolidated vies 2013 significant variable interests table . the table also reflects our maximum exposure to loss . our maximum exposure to loss is equal to our legally binding equity commitments adjusted for recorded impairment and partnership results . we use the equity and cost methods to account for our investment in these entities with the investments reflected in equity investments on our consolidated balance sheet . in addition , we increase our recognized investments and recognize a liability for all legally binding unfunded equity commitments . these liabilities are reflected in other liabilities on our consolidated balance sheet . credit risk transfer transaction national city bank , ( a former pnc subsidiary which merged into pnc bank , n.a . in november 2009 ) sponsored a special purpose entity ( spe ) and concurrently entered into a credit risk transfer agreement with an independent third party to mitigate credit losses on a pool of nonconforming mortgage loans originated by its former first franklin business unit . the spe was formed with a small equity contribution and was structured as a bankruptcy-remote entity so that its creditors have no recourse to us . in exchange for a perfected security interest in the cash flows of the nonconforming mortgage loans , the spe issued to us asset-backed securities in the form of senior , mezzanine , and subordinated equity notes . the spe was deemed to be a vie as its equity was not sufficient to finance its activities . we were determined to be the primary beneficiary of the spe as we would absorb the majority of the expected losses of the spe through our holding of the asset-backed securities . accordingly , this spe was consolidated and all of the entity 2019s assets , liabilities , and .
Question:
what is the average percentage for aaa rated facilities in 2008 and 2009?
Important information:
table_1: the aaa/aaa of december 31 2009 is 14% ( 14 % ) ; the aaa/aaa of december 312008 is 19% ( 19 % ) ;
table_2: the aa/aa of december 31 2009 is 50 ; the aa/aa of december 312008 is 6 ;
table_5: the total of december 31 2009 is 100% ( 100 % ) ; the total of december 312008 is 100% ( 100 % ) ;
Reasoning Steps:
Step: add2-1(14, 19) = 33
Step: divide2-2(#0, const_2) = 16.5
Program:
add(14, 19), divide(#0, const_2)
Program (Nested):
divide(add(14, 19), const_2)
| finqa126 |
what is the company's net earnings as a percent of net sales in 2015 ? ( net profit margin )
Important information:
text_30: 3 .
table_1: the net sales of year ended december 31 2015 ( in millions ) is $ 7517.8 ;
table_2: the net earnings of year ended december 31 2015 ( in millions ) is $ 330.2 ;
Reasoning Steps:
Step: divide1-1(330.2, 7517.8) = .04392
Program:
divide(330.2, 7517.8)
Program (Nested):
divide(330.2, 7517.8)
| 0.04392 | 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:
zimmer biomet holdings , inc . and subsidiaries 2017 form 10-k annual report notes to consolidated financial statements ( continued ) year ended december 31 , 2017 compared to what it would have been under the previous accounting rules . in may 2014 , the fasb issued asu 2014-09 2013 revenue from contracts with customers ( topic 606 ) . this asu provides a five-step model for revenue recognition that all industries will apply to recognize revenue when a customer obtains control of a good or service . this asu will be effective for us beginning january 1 , 2018 . entities are permitted to apply the standard and related amendments either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the asu recognized at the date of initial application . we have completed our assessment of this asu . based upon our assessment , there will not be a material change to the timing of our revenue recognition . however , we will be required to reclassify certain immaterial costs from selling , general and administrative ( 201csg&a 201d ) expense to net sales , which will result in a reduction of net sales , but have no impact on operating profit . we will adopt this new standard using the retrospective method , which will result in us restating prior reporting periods presented . in march 2017 , the fasb issued asu 2017-07 2013 improving the presentation of net periodic pension cost and net periodic postretirement benefit cost . this asu requires us to report the service cost component of pensions in the same location as other compensation costs arising from services rendered by the pertinent employees during the period . we will be required to report the other components of net benefit costs in other income ( expense ) in the statement of earnings . this asu will be effective for us beginning january 1 , 2018 . the asu must be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost in the statement of earnings and prospectively , on and after the effective date , for the capitalization of the service cost component of net periodic pension cost in assets . see note 14 for further information on the components of our net benefit cost . in february 2016 , the fasb issued asu 2016-02 2013 leases . this asu requires lessees to recognize right-of-use assets and lease liabilities on the balance sheet . this asu will be effective for us beginning january 1 , 2019 . early adoption is permitted . based on current guidance , this asu must be adopted using a modified retrospective transition approach at the beginning of the earliest comparative period in the consolidated financial statements . we own most of our manufacturing facilities , but lease various office space and other less significant assets throughout the world . we have formed our project team and have begun a process to collect the necessary information to implement this asu . we will continue evaluating our leases and the related impact this asu will have on our consolidated financial statements throughout 2018 . in august 2017 , the fasb issued asu 2017-12 2013 targeted improvements to accounting for hedging activities . this asu amends the hedge accounting guidance to simplify the application of hedge accounting , makes more financial and nonfinancial hedging strategies eligible for hedge accounting treatment , changes how companies assess effectiveness and updates presentation and disclosure requirements . we are currently evaluating the impact this asu will have on our consolidated financial statements ; however , based on our current hedging portfolio , we do not anticipate that this asu will have a significant impact on our financial position , results of operations or cash flows . this asu will be effective for us january 1 , 2019 , with early adoption permitted . after adoption , we may explore new hedging opportunities that are eligible for hedge accounting treatment under the new standard . there are no other recently issued accounting pronouncements that we have not yet adopted that are expected to have a material effect on our financial position , results of operations or cash flows . 3 . business combinations biomet merger we completed our merger with lvb , the parent company of biomet , on june 24 , 2015 . we paid $ 12030.3 million in cash and stock and assumed biomet 2019s senior notes . the total amount of merger consideration utilized for the acquisition method of accounting , as reduced by the merger consideration paid to holders of unvested lvb stock options and lvb stock- based awards of $ 90.4 million , was $ 11939.9 million . the following table sets forth unaudited pro forma financial information derived from ( i ) the audited financial statements of zimmer for the year ended december 31 , 2015 ; and ( ii ) the unaudited financial statements of lvb for the period january 1 , 2015 to june 23 , 2015 . the pro forma financial information has been adjusted to give effect to the merger as if it had occurred on january 1 , 2014 . pro forma financial information ( unaudited ) year ended december 31 , 2015 ( in millions ) .
Table
| year ended december 31 2015 ( in millions )
net sales | $ 7517.8
net earnings | $ 330.2
these unaudited pro forma results have been prepared for comparative purposes only and include adjustments such as inventory step-up , amortization of acquired intangible assets and interest expense on debt incurred to finance the merger . material , nonrecurring pro forma adjustments directly attributable to the biomet merger include : 2022 the $ 90.4 million of merger compensation expense for unvested lvb stock options and lvb stock-based awards was removed from net earnings for the year ended december 31 , 2015 and recognized as an expense in the year ended december 31 , 2014 . 2022 the $ 73.0 million of retention plan expense was removed from net earnings for the year ended december 31 , 2015 and .
Question:
what is the company's net earnings as a percent of net sales in 2015 ? ( net profit margin )
Important information:
text_30: 3 .
table_1: the net sales of year ended december 31 2015 ( in millions ) is $ 7517.8 ;
table_2: the net earnings of year ended december 31 2015 ( in millions ) is $ 330.2 ;
Reasoning Steps:
Step: divide1-1(330.2, 7517.8) = .04392
Program:
divide(330.2, 7517.8)
Program (Nested):
divide(330.2, 7517.8)
| finqa127 |
what were total heavy fuel oil sales in tbd for the three year period?
Important information:
table_1: ( thousands of barrels per day ) the gasoline of 2004 is 807 ; the gasoline of 2003 is 776 ; the gasoline of 2002 is 773 ;
table_5: ( thousands of barrels per day ) the heavy fuel oil of 2004 is 27 ; the heavy fuel oil of 2003 is 24 ; the heavy fuel oil of 2002 is 20 ;
table_7: ( thousands of barrels per day ) the total of 2004 is 1400 ; the total of 2003 is 1357 ; the total of 2002 is 1318 ;
Reasoning Steps:
Step: sum2-1(heavy fuel oil, none) = 71
Program:
table_sum(heavy fuel oil, none)
Program (Nested):
table_sum(heavy fuel oil, none)
| 71.0 | 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 catlettsburg refinery multi-year improvement project was completed during early 2004 . at a cost of approximately $ 440 million , the project improves product yields and lowers overall refinery costs while making gasoline with less than 30 parts per million of sulfur , which allows map to meet tier ii gasoline regulations which became effective on january 1 , 2004 . map is constructing approximately $ 300 million in new capital projects for its 74000 bpd detroit , michigan refinery . one of the projects , a $ 110 million expansion project , is expected to raise the crude oil capacity at the refinery by 35 percent to 100000 bpd . other projects are expected to enable the refinery to produce new clean fuels and further control regulated air emissions . completion of the projects is scheduled for the fourth quarter of 2005 . marketing in 2004 map 2019s refined product sales volumes ( excluding matching buy/sell transactions ) totaled 20.4 billion gallons ( 1329000 bpd ) . the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers , primarily located in the midwest , the upper great plains and the southeast , and sales in the spot market , accounted for approximately 70 percent of map 2019s refined product sales volumes in 2004 , excluding sales related to matching buy/sell transactions . approximately 52 percent of map 2019s gasoline sales volumes and 92 percent of its distillate sales volumes were sold on a wholesale or spot market basis to independent unbranded customers or other wholesalers in 2004 . approximately 55 percent of map 2019s propane is sold into the home heating markets and industrial consumers purchase the balance . propylene , cumene , aromatics , aliphatics , and sulfur are marketed to customers in the chemical industry . base lube oils and slack wax are sold throughout the united states . pitch is also sold domestically , but approximately 16 percent of pitch products are exported into growing markets in canada , mexico , india and south america . map markets asphalt through owned and leased terminals throughout the midwest , the upper great plains and the southeast . the map customer base includes approximately 800 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers . the following table sets forth the volume of map 2019s consolidated refined product sales by product group for each of the last three years : refined product sales ( thousands of barrels per day ) 2004 2003 2002 .
Table
( thousands of barrels per day ) | 2004 | 2003 | 2002
gasoline | 807 | 776 | 773
distillates | 373 | 365 | 346
propane | 22 | 21 | 22
feedstocks and special products | 92 | 97 | 82
heavy fuel oil | 27 | 24 | 20
asphalt | 79 | 74 | 75
total | 1400 | 1357 | 1318
matching buy/sell volumes included in above | 71 | 64 | 71
map sells reformulated gasoline in parts of its marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; and milwaukee , wisconsin . map also sells low-vapor-pressure gasoline in nine states . as of december 31 , 2004 , map supplied petroleum products to about 3900 marathon and ashland branded retail outlets located primarily in michigan , ohio , indiana , kentucky and illinois . branded retail outlets are also located in florida , georgia , wisconsin , west virginia , tennessee , minnesota , virginia , pennsylvania , north carolina , alabama , and south carolina . ssa sells gasoline and diesel fuel through company-operated retail outlets . as of december 31 , 2004 , ssa had 1669 retail outlets in nine states that sold petroleum products and convenience store merchandise and services , primarily under the brand names 2018 2018speedway 2019 2019 and 2018 2018superamerica . 2019 2019 ssa 2019s revenues from the sale of non-petroleum merchandise totaled $ 2.3 billion in 2004 , compared with $ 2.2 billion in 2003 . profit levels from the sale of such merchandise and services tend to be less volatile than profit levels from the retail sale of gasoline and diesel fuel . pilot travel centers llc ( 2018 2018ptc 2019 2019 ) , a joint venture with pilot corporation ( 2018 2018pilot 2019 2019 ) , is the largest operator of travel centers in the united states with approximately 250 locations in 35 states at december 31 , 2004 . the travel centers .
Question:
what were total heavy fuel oil sales in tbd for the three year period?
Important information:
table_1: ( thousands of barrels per day ) the gasoline of 2004 is 807 ; the gasoline of 2003 is 776 ; the gasoline of 2002 is 773 ;
table_5: ( thousands of barrels per day ) the heavy fuel oil of 2004 is 27 ; the heavy fuel oil of 2003 is 24 ; the heavy fuel oil of 2002 is 20 ;
table_7: ( thousands of barrels per day ) the total of 2004 is 1400 ; the total of 2003 is 1357 ; the total of 2002 is 1318 ;
Reasoning Steps:
Step: sum2-1(heavy fuel oil, none) = 71
Program:
table_sum(heavy fuel oil, none)
Program (Nested):
table_sum(heavy fuel oil, none)
| finqa128 |
what is the variation between the average and the highest operating margin?
Important information:
table_1: years ended december 31 the revenue of 2014 is $ 4264 ; the revenue of 2013 is $ 4057 ; the revenue of 2012 is $ 3925 ;
table_2: years ended december 31 the operating income of 2014 is 485 ; the operating income of 2013 is 318 ; the operating income of 2012 is 289 ;
table_3: years ended december 31 the operating margin of 2014 is 11.4% ( 11.4 % ) ; the operating margin of 2013 is 7.8% ( 7.8 % ) ; the operating margin of 2012 is 7.4% ( 7.4 % ) ;
Reasoning Steps:
Step: average1-1(operating margin, none) = 8.87%
Step: max1-2(operating margin, none) = 11.4%
Step: minus1-3(#1, #0) = 2.53%
Program:
table_average(operating margin, none), table_max(operating margin, none), subtract(#1, #0)
Program (Nested):
subtract(table_max(operating margin, none), table_average(operating margin, none))
| 0.02533 | 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:
reinsurance commissions , fees and other revenue decreased 2% ( 2 % ) in 2014 reflecting a 1% ( 1 % ) unfavorable impact from foreign currency exchange rates and 1% ( 1 % ) decline in organic revenue growth due primarily to a significant unfavorable market impact in treaty , partially offset by net new business growth in treaty placements globally and growth in capital markets transactions and advisory business , as well as facultative placements . operating income operating income increased $ 108 million , or 7% ( 7 % ) , from 2013 to $ 1.6 billion in 2014 . in 2014 , operating income margins in this segment were 21.0% ( 21.0 % ) , an increase of 120 basis points from 19.8% ( 19.8 % ) in 2013 . operating margin improvement was driven by solid organic revenue growth , return on investments , expense discipline and savings related to the restructuring programs , partially offset by a $ 61 million unfavorable impact from foreign currency exchange rates . hr solutions .
Table
years ended december 31 | 2014 | 2013 | 2012
revenue | $ 4264 | $ 4057 | $ 3925
operating income | 485 | 318 | 289
operating margin | 11.4% ( 11.4 % ) | 7.8% ( 7.8 % ) | 7.4% ( 7.4 % )
our hr solutions segment generated approximately 35% ( 35 % ) of our consolidated total revenues in 2014 and provides a broad range of human capital services , as follows : 2022 retirement specializes in global actuarial services , defined contribution 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 . 2022 investment consulting advises public and private companies , other institutions and trustees on developing and maintaining investment programs across a broad range of plan types , including defined benefit plans , defined contribution plans , endowments and foundations . 2022 benefits administration applies our human resource 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 exchanges is building and operating healthcare exchanges that provide employers with a cost effective alternative to traditional employee and retiree healthcare , while helping individuals select the insurance that best meets their needs . 2022 human resource business processing outsourcing 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 human resource process transactions as well as other complementary services such as flexible spending , dependent audit and participant advocacy . disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace . weak economic conditions in many markets around the globe continued throughout 2014 and have adversely impacted our clients' 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 continued pressure on the pricing of those services , which is having an adverse effect on our new business and results of operations. .
Question:
what is the variation between the average and the highest operating margin?
Important information:
table_1: years ended december 31 the revenue of 2014 is $ 4264 ; the revenue of 2013 is $ 4057 ; the revenue of 2012 is $ 3925 ;
table_2: years ended december 31 the operating income of 2014 is 485 ; the operating income of 2013 is 318 ; the operating income of 2012 is 289 ;
table_3: years ended december 31 the operating margin of 2014 is 11.4% ( 11.4 % ) ; the operating margin of 2013 is 7.8% ( 7.8 % ) ; the operating margin of 2012 is 7.4% ( 7.4 % ) ;
Reasoning Steps:
Step: average1-1(operating margin, none) = 8.87%
Step: max1-2(operating margin, none) = 11.4%
Step: minus1-3(#1, #0) = 2.53%
Program:
table_average(operating margin, none), table_max(operating margin, none), subtract(#1, #0)
Program (Nested):
subtract(table_max(operating margin, none), table_average(operating margin, none))
| finqa129 |
what portion of the revised purchase price of kichler is dedicated to goodwill?
Important information:
text_7: the purchase price , net of $ 2 million cash acquired , consisted of $ 549 million paid with cash on hand .
table_5: the goodwill of initial is 46 ; the goodwill of revised is 64 ;
table_10: the total of initial is $ 548 ; the total of revised is $ 549 ;
Reasoning Steps:
Step: divide2-1(64, 549) = 11.7%
Program:
divide(64, 549)
Program (Nested):
divide(64, 549)
| 0.11658 | 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 ) c . acquisitions on march 9 , 2018 , we acquired substantially all of the net assets of the l.d . kichler co . ( "kichler" ) , a leader in decorative residential and light commercial lighting products , ceiling fans and led lighting systems . this business expands our product offerings to our customers . the results of this acquisition for the period from the acquisition date are included in the consolidated financial statements and are reported in the decorative architectural products segment . we recorded $ 346 million of net sales as a result of this acquisition during 2018 . the purchase price , net of $ 2 million cash acquired , consisted of $ 549 million paid with cash on hand . since the acquisition , we have revised the allocation of the purchase price to identifiable assets and liabilities based on analysis of information as of the acquisition date that has been made available through december 31 , 2018 . the allocation will continue to be updated through the measurement period , if necessary . the preliminary allocation of the fair value of the acquisition of kichler is summarized in the following table , in millions. .
Table
| initial | revised
receivables | $ 101 | $ 100
inventories | 173 | 166
prepaid expenses and other | 5 | 5
property and equipment | 33 | 33
goodwill | 46 | 64
other intangible assets | 243 | 240
accounts payable | -24 ( 24 ) | -24 ( 24 )
accrued liabilities | -25 ( 25 ) | -30 ( 30 )
other liabilities | -4 ( 4 ) | -5 ( 5 )
total | $ 548 | $ 549
the goodwill acquired , which is generally tax deductible , is related primarily to the operational and financial synergies we expect to derive from combining kichler's operations into our business , as well as the assembled workforce . the other intangible assets acquired consist of $ 59 million of indefinite-lived intangible assets , which is related to trademarks , and $ 181 million of definite-lived intangible assets . the definite-lived intangible assets consist of $ 145 million related to customer relationships , which is being amortized on a straight-line basis over 20 years , and $ 36 million of other definite-lived intangible assets , which is being amortized over a weighted average amortization period of three years . in the fourth quarter of 2017 , we acquired mercury plastics , inc. , a plastics processor and manufacturer of water handling systems for appliance and faucet applications , for approximately $ 89 million in cash . this business is included in the plumbing products segment . this acquisition enhances our ability to develop faucet technology and provides continuity of supply of quality faucet components . in connection with this acquisition , we recognized $ 38 million of goodwill , which is tax deductible , and is related primarily to the expected synergies from combining the operations into our business. .
Question:
what portion of the revised purchase price of kichler is dedicated to goodwill?
Important information:
text_7: the purchase price , net of $ 2 million cash acquired , consisted of $ 549 million paid with cash on hand .
table_5: the goodwill of initial is 46 ; the goodwill of revised is 64 ;
table_10: the total of initial is $ 548 ; the total of revised is $ 549 ;
Reasoning Steps:
Step: divide2-1(64, 549) = 11.7%
Program:
divide(64, 549)
Program (Nested):
divide(64, 549)
| finqa130 |
what were total tax benefits realized for deductions during 2007 and 2006 in excess of the stock-based compensation expense for options exercised and other stock-based awards vested in millions?
Important information:
text_25: the total related income tax benefits were $ 29 million , $ 31 million and $ 39 million .
text_27: tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 30 million and $ 36 million .
table_2: the expected annual dividends per share of 2007 is $ 0.96 ; the expected annual dividends per share of 2006 is $ 0.80 ; the expected annual dividends per share of 2005 is $ 0.66 ;
Reasoning Steps:
Step: add2-1(30, 36) = 66
Program:
add(30, 36)
Program (Nested):
add(30, 36)
| 66.0 | 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-based awards under the plan stock options 2013 marathon grants stock options under the 2007 plan and previously granted options under the 2003 plan . marathon 2019s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant . through 2004 , certain stock options were granted under the 2003 plan with a tandem stock appreciation right , which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock , as determined in accordance with the 2003 plan , over the option price of the shares . in general , stock options granted under the 2007 plan and the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock appreciation rights 2013 prior to 2005 , marathon granted sars under the 2003 plan . no stock appreciation rights have been granted under the 2007 plan . similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price . under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options . in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock-based performance awards 2013 prior to 2005 , marathon granted stock-based performance awards under the 2003 plan . no stock-based performance awards have been granted under the 2007 plan . beginning in 2005 , marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers . all stock-based performance awards granted under the 2003 plan have either vested or been forfeited . as a result , there are no outstanding stock-based performance awards . restricted stock 2013 marathon grants restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan . in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package . the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment . marathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes . the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment . prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon . the non-vested shares are not transferable and are held by marathon 2019s transfer agent . common stock units 2013 marathon maintains an equity compensation program for its non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan . all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors . when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units . stock-based compensation expense 2013 total employee stock-based compensation expense was $ 80 million , $ 83 million and $ 111 million in 2007 , 2006 and 2005 . the total related income tax benefits were $ 29 million , $ 31 million and $ 39 million . in 2007 and 2006 , cash received upon exercise of stock option awards was $ 27 million and $ 50 million . tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 30 million and $ 36 million . cash settlements of stock option awards totaled $ 1 million and $ 3 million in 2007 and 2006 . stock option awards granted 2013 during 2007 , 2006 and 2005 , marathon granted stock option awards to both officer and non-officer employees . the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: .
Table
| 2007 | 2006 | 2005
weighted average exercise price per share | $ 60.94 | $ 37.84 | $ 25.14
expected annual dividends per share | $ 0.96 | $ 0.80 | $ 0.66
expected life in years | 5.0 | 5.1 | 5.5
expected volatility | 27% ( 27 % ) | 28% ( 28 % ) | 28% ( 28 % )
risk-free interest rate | 4.1% ( 4.1 % ) | 5.0% ( 5.0 % ) | 3.8% ( 3.8 % )
weighted average grant date fair value of stock option awards granted | $ 17.24 | $ 10.19 | $ 6.15
.
Question:
what were total tax benefits realized for deductions during 2007 and 2006 in excess of the stock-based compensation expense for options exercised and other stock-based awards vested in millions?
Important information:
text_25: the total related income tax benefits were $ 29 million , $ 31 million and $ 39 million .
text_27: tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 30 million and $ 36 million .
table_2: the expected annual dividends per share of 2007 is $ 0.96 ; the expected annual dividends per share of 2006 is $ 0.80 ; the expected annual dividends per share of 2005 is $ 0.66 ;
Reasoning Steps:
Step: add2-1(30, 36) = 66
Program:
add(30, 36)
Program (Nested):
add(30, 36)
| finqa131 |
in 2016 what was the ratio of the net income increased to the net revenues
Important information:
text_2: 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .
table_1: the 2016 net revenue of amount ( in millions ) is $ 1520.5 ;
table_7: the 2017 net revenue of amount ( in millions ) is $ 1522.6 ;
Reasoning Steps:
Step: divide2-1(92.9, 1520.5) = 0.061
Program:
divide(92.9, 1520.5)
Program (Nested):
divide(92.9, 1520.5)
| 0.0611 | 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 . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income decreased $ 27.4 million primarily due to higher nuclear refueling outage expenses , higher depreciation and amortization expenses , higher taxes other than income taxes , and higher interest expense , partially offset by higher other income . 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses . net revenue 2017 compared to 2016 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . a0 a0following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) .
Table
| amount ( in millions )
2016 net revenue | $ 1520.5
retail electric price | 33.8
opportunity sales | 5.6
asset retirement obligation | -14.8 ( 14.8 )
volume/weather | -29.0 ( 29.0 )
other | 6.5
2017 net revenue | $ 1522.6
the retail electric price variance is primarily due to the implementation of formula rate plan rates effective with the first billing cycle of january 2017 and an increase in base rates effective february 24 , 2016 , each as approved by the apsc . a significant portion of the base rate increase was related to the purchase of power block 2 of the union power station in march 2016 . the increase was partially offset by decreases in the energy efficiency rider , as approved by the apsc , effective april 2016 and january 2017 . see note 2 to the financial statements for further discussion of the rate case and formula rate plan filings . see note 14 to the financial statements for further discussion of the union power station purchase . the opportunity sales variance results from the estimated net revenue effect of the 2017 and 2016 ferc orders in the opportunity sales proceeding attributable to wholesale customers . see note 2 to the financial statements for further discussion of the opportunity sales proceeding. .
Question:
in 2016 what was the ratio of the net income increased to the net revenues
Important information:
text_2: 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .
table_1: the 2016 net revenue of amount ( in millions ) is $ 1520.5 ;
table_7: the 2017 net revenue of amount ( in millions ) is $ 1522.6 ;
Reasoning Steps:
Step: divide2-1(92.9, 1520.5) = 0.061
Program:
divide(92.9, 1520.5)
Program (Nested):
divide(92.9, 1520.5)
| finqa132 |
what was the average weighted average common shares outstanding for diluted computations from 2015 to 2017
Important information:
text_26: note 2 2013 earnings per share theweighted average number of shares outstanding used to compute earnings per common sharewere as follows ( in millions ) : .
table_1: the weighted average common shares outstanding for basic computations of 2017 is 287.8 ; the weighted average common shares outstanding for basic computations of 2016 is 299.3 ; the weighted average common shares outstanding for basic computations of 2015 is 310.3 ;
table_3: the weighted average common shares outstanding for diluted computations of 2017 is 290.6 ; the weighted average common shares outstanding for diluted computations of 2016 is 303.1 ; the weighted average common shares outstanding for diluted computations of 2015 is 314.7 ;
Reasoning Steps:
Step: add1-1(290.6, 303.1) = 593.7
Step: add1-2(#0, 314.7) = 908.4
Step: divide1-3(#1, const_3) = 302.8
Program:
add(290.6, 303.1), add(#0, 314.7), divide(#1, const_3)
Program (Nested):
divide(add(add(290.6, 303.1), 314.7), const_3)
| 302.8 | 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:
of prior service cost or credits , and net actuarial gains or losses ) as part of non-operating income . we adopted the requirements of asu no . 2017-07 on january 1 , 2018 using the retrospective transition method . we expect the adoption of asu no . 2017-07 to result in an increase to consolidated operating profit of $ 471 million and $ 846 million for 2016 and 2017 , respectively , and a corresponding decrease in non-operating income for each year . we do not expect any impact to our business segment operating profit , our consolidated net earnings , or cash flows as a result of adopting asu no . 2017-07 . intangibles-goodwill and other in january 2017 , the fasb issued asu no . 2017-04 , intangibles-goodwill and other ( topic 350 ) , which eliminates the requirement to compare the implied fair value of reporting unit goodwill with the carrying amount of that goodwill ( commonly referred to as step 2 ) from the goodwill impairment test . the new standard does not change how a goodwill impairment is identified . wewill continue to perform our quantitative and qualitative goodwill impairment test by comparing the fair value of each reporting unit to its carrying amount , but if we are required to recognize a goodwill impairment charge , under the new standard the amount of the charge will be calculated by subtracting the reporting unit 2019s fair value from its carrying amount . under the prior standard , if we were required to recognize a goodwill impairment charge , step 2 required us to calculate the implied value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination and the amount of the charge was calculated by subtracting the reporting unit 2019s implied fair value of goodwill from its actual goodwill balance . the new standard is effective for interim and annual reporting periods beginning after december 15 , 2019 , with early adoption permitted , and should be applied prospectively from the date of adoption . we elected to adopt the new standard for future goodwill impairment tests at the beginning of the third quarter of 2017 , because it significantly simplifies the evaluation of goodwill for impairment . the impact of the new standard will depend on the outcomes of future goodwill impairment tests . derivatives and hedging inaugust 2017 , the fasb issuedasu no . 2017-12derivatives and hedging ( topic 815 ) , which eliminates the requirement to separately measure and report hedge ineffectiveness . the guidance is effective for fiscal years beginning after december 15 , 2018 , with early adoption permitted . we do not expect a significant impact to our consolidated assets and liabilities , net earnings , or cash flows as a result of adopting this new standard . we plan to adopt the new standard january 1 , 2019 . leases in february 2016 , the fasb issuedasu no . 2016-02 , leases ( topic 842 ) , which requires the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements for both lessees and lessors . the new standard is effective january 1 , 2019 for public companies , with early adoption permitted . the new standard currently requires the application of a modified retrospective approach to the beginning of the earliest period presented in the financial statements . we are continuing to evaluate the expected impact to our consolidated financial statements and related disclosures . we plan to adopt the new standard effective january 1 , 2019 . note 2 2013 earnings per share theweighted average number of shares outstanding used to compute earnings per common sharewere as follows ( in millions ) : .
Table
| 2017 | 2016 | 2015
weighted average common shares outstanding for basic computations | 287.8 | 299.3 | 310.3
weighted average dilutive effect of equity awards | 2.8 | 3.8 | 4.4
weighted average common shares outstanding for diluted computations | 290.6 | 303.1 | 314.7
we compute basic and diluted earnings per common share by dividing net earnings by the respectiveweighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units ( rsus ) , performance stock units ( psus ) and exercise of outstanding stock options based on the treasury stock method . there were no significant anti-dilutive equity awards for the years ended december 31 , 2017 , 2016 and 2015 . note 3 2013 acquisitions and divestitures acquisition of sikorsky aircraft corporation on november 6 , 2015 , we completed the acquisition of sikorsky from united technologies corporation ( utc ) and certain of utc 2019s subsidiaries . the purchase price of the acquisition was $ 9.0 billion , net of cash acquired . as a result of the acquisition .
Question:
what was the average weighted average common shares outstanding for diluted computations from 2015 to 2017
Important information:
text_26: note 2 2013 earnings per share theweighted average number of shares outstanding used to compute earnings per common sharewere as follows ( in millions ) : .
table_1: the weighted average common shares outstanding for basic computations of 2017 is 287.8 ; the weighted average common shares outstanding for basic computations of 2016 is 299.3 ; the weighted average common shares outstanding for basic computations of 2015 is 310.3 ;
table_3: the weighted average common shares outstanding for diluted computations of 2017 is 290.6 ; the weighted average common shares outstanding for diluted computations of 2016 is 303.1 ; the weighted average common shares outstanding for diluted computations of 2015 is 314.7 ;
Reasoning Steps:
Step: add1-1(290.6, 303.1) = 593.7
Step: add1-2(#0, 314.7) = 908.4
Step: divide1-3(#1, const_3) = 302.8
Program:
add(290.6, 303.1), add(#0, 314.7), divide(#1, const_3)
Program (Nested):
divide(add(add(290.6, 303.1), 314.7), const_3)
| finqa133 |
what percentage of total other assets in 2011 was comprised of goodwill and identifiable intangible assets?
Important information:
text_2: the table below presents other assets by type. .
table_2: in millions the goodwill and identifiable intangibleassets2 of as of december 2012 is 5099 ; the goodwill and identifiable intangibleassets2 of as of december 2011 is 5468 ;
table_6: in millions the total of as of december 2012 is $ 39623 ; the total of as of december 2011 is $ 23152 ;
Reasoning Steps:
Step: divide2-1(5468, 23152) = 24%
Program:
divide(5468, 23152)
Program (Nested):
divide(5468, 23152)
| 0.23618 | 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 note 12 . other assets other assets are generally less liquid , non-financial assets . the table below presents other assets by type. .
Table
in millions | as of december 2012 | as of december 2011
property leasehold improvements andequipment1 | $ 8217 | $ 8697
goodwill and identifiable intangibleassets2 | 5099 | 5468
income tax-related assets3 | 5620 | 5017
equity-method investments4 | 453 | 664
miscellaneous receivables and other5 | 20234 | 3306
total | $ 39623 | $ 23152
1 . net of accumulated depreciation and amortization of $ 9.05 billion and $ 8.46 billion as of december 2012 and december 2011 , respectively . 2 . includes $ 149 million of intangible assets classified as held for sale . see note 13 for further information about goodwill and identifiable intangible assets . 3 . see note 24 for further information about income taxes . 4 . excludes investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $ 5.54 billion and $ 4.17 billion as of december 2012 and december 2011 , respectively , which are included in 201cfinancial instruments owned , at fair value . 201d the firm has generally elected the fair value option for such investments acquired after the fair value option became available . 5 . includes $ 16.77 billion of assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012 . assets held for sale in the fourth quarter of 2012 , the firm classified its reinsurance business within its institutional client services segment as held for sale . assets related to this business of $ 16.92 billion , consisting primarily of available-for-sale securities and separate account assets at fair value , are included in 201cother assets . 201d liabilities related to the business of $ 14.62 billion are included in 201cother liabilities and accrued expenses . 201d see note 8 for further information about insurance-related assets and liabilities held for sale at fair value . the firm expects to complete the sale of a majority stake in its reinsurance business in 2013 and does not expect to recognize a material gain or loss upon the sale . upon completion of the sale , the firm will no longer consolidate this business . property , leasehold improvements and equipment property , leasehold improvements and equipment included $ 6.20 billion and $ 6.48 billion as of december 2012 and december 2011 , respectively , related to property , leasehold improvements and equipment that the firm uses in connection with its operations . the remainder is held by investment entities , including vies , consolidated by the firm . substantially all property and equipment are depreciated on a straight-line basis over the useful life of the asset . leasehold improvements are amortized on a straight-line basis over the useful life of the improvement or the term of the lease , whichever is shorter . certain costs of software developed or obtained for internal use are capitalized and amortized on a straight-line basis over the useful life of the software . property , leasehold improvements and equipment are tested for impairment whenever events or changes in circumstances suggest that an asset 2019s or asset group 2019s carrying value may not be fully recoverable . the firm 2019s policy for impairment testing of property , leasehold improvements and equipment is the same as is used for identifiable intangible assets with finite lives . see note 13 for further information . goldman sachs 2012 annual report 163 .
Question:
what percentage of total other assets in 2011 was comprised of goodwill and identifiable intangible assets?
Important information:
text_2: the table below presents other assets by type. .
table_2: in millions the goodwill and identifiable intangibleassets2 of as of december 2012 is 5099 ; the goodwill and identifiable intangibleassets2 of as of december 2011 is 5468 ;
table_6: in millions the total of as of december 2012 is $ 39623 ; the total of as of december 2011 is $ 23152 ;
Reasoning Steps:
Step: divide2-1(5468, 23152) = 24%
Program:
divide(5468, 23152)
Program (Nested):
divide(5468, 23152)
| finqa134 |
how many total votes can the class b-3 provide in 2017?
Important information:
table_3: ( in thousands ) the class b-1 common stock authorized issued and outstanding of december 31 , 2017 is 0.6 ; the class b-1 common stock authorized issued and outstanding of december 31 , 2016 is 0.6 ;
table_5: ( in thousands ) the class b-3 common stock authorized issued and outstanding of december 31 , 2017 is 1.3 ; the class b-3 common stock authorized issued and outstanding of december 31 , 2016 is 1.3 ;
table_6: ( in thousands ) the class b-4 common stock authorized issued and outstanding of december 31 , 2017 is 0.4 ; the class b-4 common stock authorized issued and outstanding of december 31 , 2016 is 0.4 ;
Reasoning Steps:
Step: multiply2-1(const_1000, 1.3) = 1300
Step: multiply2-2(const_1, #0) = 1300
Program:
multiply(const_1000, 1.3), multiply(const_1, #0)
Program (Nested):
multiply(const_1, multiply(const_1000, 1.3))
| 1300.0 | 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:
14 . capital stock shares outstanding . the following table presents information regarding capital stock: .
Table
( in thousands ) | december 31 , 2017 | december 31 , 2016
class a common stock authorized | 1000000 | 1000000
class a common stock issued and outstanding | 339235 | 338240
class b-1 common stock authorized issued and outstanding | 0.6 | 0.6
class b-2 common stock authorized issued and outstanding | 0.8 | 0.8
class b-3 common stock authorized issued and outstanding | 1.3 | 1.3
class b-4 common stock authorized issued and outstanding | 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 open outcry trading , 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 . members of cbot , nymex and comex 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 or trading permits . core rights . holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares . these core rights relate primarily to trading right protections , certain trading fee protections and certain membership benefit protections . votes on changes to these core rights are weighted by class . each class of class b common stock has the following number of votes on matters relating to core rights : class b-1 , six votes per share ; class b-2 , two votes per share ; class b-3 , one vote per share ; and class b-4 , 1/6th of one vote per share . the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights . holders of shares of class a common stock do not have the right to vote on changes to core rights . voting rights . with the exception of the matters reserved to holders of cme group class b common stock , holders of cme group common stock vote together on all matters for which a vote of common shareholders is required . in these votes , each holder of shares of class a or class b common stock of cme group has one vote per share . transfer restrictions . each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group . these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights . election of directors . the cme group board of directors is currently comprised of 20 members . holders of class b-1 , class b-2 and class b-3 common stock have the right to elect six directors , of which three are elected by class b-1 shareholders , two are elected by class b-2 shareholders and one is elected by class b-3 shareholders . the remaining directors are elected by the class a and class b shareholders voting as a single class. .
Question:
how many total votes can the class b-3 provide in 2017?
Important information:
table_3: ( in thousands ) the class b-1 common stock authorized issued and outstanding of december 31 , 2017 is 0.6 ; the class b-1 common stock authorized issued and outstanding of december 31 , 2016 is 0.6 ;
table_5: ( in thousands ) the class b-3 common stock authorized issued and outstanding of december 31 , 2017 is 1.3 ; the class b-3 common stock authorized issued and outstanding of december 31 , 2016 is 1.3 ;
table_6: ( in thousands ) the class b-4 common stock authorized issued and outstanding of december 31 , 2017 is 0.4 ; the class b-4 common stock authorized issued and outstanding of december 31 , 2016 is 0.4 ;
Reasoning Steps:
Step: multiply2-1(const_1000, 1.3) = 1300
Step: multiply2-2(const_1, #0) = 1300
Program:
multiply(const_1000, 1.3), multiply(const_1, #0)
Program (Nested):
multiply(const_1, multiply(const_1000, 1.3))
| finqa135 |
what is the estimated percentual decrease observed in the htm investment securities from 2017 to 2018 ? .
Important information:
text_14: selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 .
table_5: as of or for the year ended december 31 ( in millions ) the afs investment securities ( period-end ) of 2018 is 228681 ; the afs investment securities ( period-end ) of 2017 is 200247 ; the afs investment securities ( period-end ) of 2016 is 236670 ;
table_6: as of or for the year ended december 31 ( in millions ) the htm investment securities ( period-end ) of 2018 is 31434 ; the htm investment securities ( period-end ) of 2017 is 47733 ; the htm investment securities ( period-end ) of 2016 is 50168 ;
Reasoning Steps:
Step: minus2-1(47733, 31434) = 16299
Step: divide2-2(#0, 47733) = 34.14%
Program:
subtract(47733, 31434), divide(#0, 47733)
Program (Nested):
divide(subtract(47733, 31434), 47733)
| 0.34146 | 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 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks . 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 . treasury and cio seek to achieve 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 investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , refer to note 5 . in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments . for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 . for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 . the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the 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 ) . refer to note 10 for further information on the firm 2019s investment securities portfolio . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 . for additional information , refer to notes 1 and 10. .
Table
as of or for the year ended december 31 ( in millions ) | 2018 | 2017 | 2016
investment securities gains/ ( losses ) | $ -395 ( 395 ) | $ -78 ( 78 ) | $ 132
available-for-sale ( 201cafs 201d ) investment securities ( average ) | 203449 | 219345 | 226892
held-to-maturity ( 201chtm 201d ) investment securities ( average ) | 31747 | 47927 | 51358
investment securities portfolio ( average ) | 235197 | 267272 | 278250
afs investment securities ( period-end ) | 228681 | 200247 | 236670
htm investment securities ( period-end ) | 31434 | 47733 | 50168
investment securities portfolio ( period 2013end ) | 260115 | 247980 | 286838
management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks . 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 . treasury and cio seek to achieve 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 investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , refer to note 5 . in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments . for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 . for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 . the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the 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 ) . refer to note 10 for further information on the firm 2019s investment securities portfolio . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 . for additional information , refer to notes 1 and 10. .
Question:
what is the estimated percentual decrease observed in the htm investment securities from 2017 to 2018 ? .
Important information:
text_14: selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 .
table_5: as of or for the year ended december 31 ( in millions ) the afs investment securities ( period-end ) of 2018 is 228681 ; the afs investment securities ( period-end ) of 2017 is 200247 ; the afs investment securities ( period-end ) of 2016 is 236670 ;
table_6: as of or for the year ended december 31 ( in millions ) the htm investment securities ( period-end ) of 2018 is 31434 ; the htm investment securities ( period-end ) of 2017 is 47733 ; the htm investment securities ( period-end ) of 2016 is 50168 ;
Reasoning Steps:
Step: minus2-1(47733, 31434) = 16299
Step: divide2-2(#0, 47733) = 34.14%
Program:
subtract(47733, 31434), divide(#0, 47733)
Program (Nested):
divide(subtract(47733, 31434), 47733)
| finqa136 |
in 2018 , what percentage of undeveloped acres were located in the u.s?
Important information:
table_1: ( in thousands ) the u.s . of net undeveloped acres expiring year ended december 31 , 2016 is 68 ; the u.s . of net undeveloped acres expiring year ended december 31 , 2017 is 89 ; the u.s . of net undeveloped acres expiring year ended december 31 , 2018 is 128 ;
table_2: ( in thousands ) the e.g . of net undeveloped acres expiring year ended december 31 , 2016 is 2014 ; the e.g . of net undeveloped acres expiring year ended december 31 , 2017 is 92 ; the e.g . of net undeveloped acres expiring year ended december 31 , 2018 is 36 ;
table_6: ( in thousands ) the total of net undeveloped acres expiring year ended december 31 , 2016 is 257 ; the total of net undeveloped acres expiring year ended december 31 , 2017 is 4533 ; the total of net undeveloped acres expiring year ended december 31 , 2018 is 1018 ;
Reasoning Steps:
Step: divide2-1(128, 1018) = 12.6%
Program:
divide(128, 1018)
Program (Nested):
divide(128, 1018)
| 0.12574 | 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 the ordinary course of business , based on our evaluations of certain geologic trends and prospective economics , we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future . if production is not established or we take no other action to extend the terms of the leases , licenses or concessions , undeveloped acreage listed in the table below will expire over the next three years . we plan to continue the terms of certain of these licenses and concession areas or retain leases through operational or administrative actions ; however , the majority of the undeveloped acres associated with other africa as listed in the table below pertains to our licenses in ethiopia and kenya , for which we executed agreements in 2015 to sell . the kenya transaction closed in february 2016 and the ethiopia transaction is expected to close in the first quarter of 2016 . see item 8 . financial statements and supplementary data - note 5 to the consolidated financial statements for additional information about this disposition . net undeveloped acres expiring year ended december 31 .
Table
( in thousands ) | net undeveloped acres expiring year ended december 31 , 2016 | net undeveloped acres expiring year ended december 31 , 2017 | net undeveloped acres expiring year ended december 31 , 2018
u.s . | 68 | 89 | 128
e.g . | 2014 | 92 | 36
other africa | 189 | 4352 | 854
total africa | 189 | 4444 | 890
other international | 2014 | 2014 | 2014
total | 257 | 4533 | 1018
.
Question:
in 2018 , what percentage of undeveloped acres were located in the u.s?
Important information:
table_1: ( in thousands ) the u.s . of net undeveloped acres expiring year ended december 31 , 2016 is 68 ; the u.s . of net undeveloped acres expiring year ended december 31 , 2017 is 89 ; the u.s . of net undeveloped acres expiring year ended december 31 , 2018 is 128 ;
table_2: ( in thousands ) the e.g . of net undeveloped acres expiring year ended december 31 , 2016 is 2014 ; the e.g . of net undeveloped acres expiring year ended december 31 , 2017 is 92 ; the e.g . of net undeveloped acres expiring year ended december 31 , 2018 is 36 ;
table_6: ( in thousands ) the total of net undeveloped acres expiring year ended december 31 , 2016 is 257 ; the total of net undeveloped acres expiring year ended december 31 , 2017 is 4533 ; the total of net undeveloped acres expiring year ended december 31 , 2018 is 1018 ;
Reasoning Steps:
Step: divide2-1(128, 1018) = 12.6%
Program:
divide(128, 1018)
Program (Nested):
divide(128, 1018)
| finqa137 |
what are the total sales reported in 2012 , ( in billion ) ?
Important information:
table_1: the silicon systems group of 2014 is $ 1400 ; the silicon systems group of 2013 is 48% ( 48 % ) ; the silicon systems group of is $ 1295 ; the silicon systems group of ( in millions except percentages ) is 55% ( 55 % ) ;
table_5: the total of 2014 is $ 2917 ; the total of 2013 is 100% ( 100 % ) ; the total of is $ 2372 ; the total of ( in millions except percentages ) is 100% ( 100 % ) ;
text_18: applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 .
Reasoning Steps:
Step: divide2-1(1.2, 14) = 8.6
Program:
divide(1.2, 14)
Program (Nested):
divide(1.2, 14)
| 0.08571 | 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:
backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 26 , 2014 and october 27 , 2013 was as follows : 2014 2013 ( in millions , except percentages ) .
Table
| 2014 | 2013 | | ( in millions except percentages )
silicon systems group | $ 1400 | 48% ( 48 % ) | $ 1295 | 55% ( 55 % )
applied global services | 775 | 27% ( 27 % ) | 591 | 25% ( 25 % )
display | 593 | 20% ( 20 % ) | 361 | 15% ( 15 % )
energy and environmental solutions | 149 | 5% ( 5 % ) | 125 | 5% ( 5 % )
total | $ 2917 | 100% ( 100 % ) | $ 2372 | 100% ( 100 % )
applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers . research , development and engineering applied 2019s long-term growth strategy requires continued development of new products , including products that enable expansion into new markets . the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle . applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements . product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china . in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india and singapore . process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel . applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 . applied has spent an average of 13 percent of net sales in rd&e over the last five years . in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. .
Question:
what are the total sales reported in 2012 , ( in billion ) ?
Important information:
table_1: the silicon systems group of 2014 is $ 1400 ; the silicon systems group of 2013 is 48% ( 48 % ) ; the silicon systems group of is $ 1295 ; the silicon systems group of ( in millions except percentages ) is 55% ( 55 % ) ;
table_5: the total of 2014 is $ 2917 ; the total of 2013 is 100% ( 100 % ) ; the total of is $ 2372 ; the total of ( in millions except percentages ) is 100% ( 100 % ) ;
text_18: applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 .
Reasoning Steps:
Step: divide2-1(1.2, 14) = 8.6
Program:
divide(1.2, 14)
Program (Nested):
divide(1.2, 14)
| finqa138 |
what is the average liability for all three programs , as of december 31 , 2008 , in millions?
Important information:
table_1: the liability at december 31 2006 of 2007 program is $ 2014 ; the liability at december 31 2006 of 2003 program is $ 12.6 ; the liability at december 31 2006 of 2001 program is $ 19.2 ; the liability at december 31 2006 of total is $ 31.8 ;
table_4: the liability at december 31 2007 of 2007 program is $ 11.9 ; the liability at december 31 2007 of 2003 program is $ 9.0 ; the liability at december 31 2007 of 2001 program is $ 8.7 ; the liability at december 31 2007 of total is $ 29.6 ;
table_7: the liability at december 31 2008 of 2007 program is $ 1.2 ; the liability at december 31 2008 of 2003 program is $ 5.7 ; the liability at december 31 2008 of 2001 program is $ 5.9 ; the liability at december 31 2008 of total is $ 12.8 ;
Reasoning Steps:
Step: add1-1(1.2, 5.7) = 6.9
Step: add1-2(#0, 5.9) = 12.8
Step: divide1-3(#1, const_3) = 4.27
Program:
add(1.2, 5.7), add(#0, 5.9), divide(#1, const_3)
Program (Nested):
divide(add(add(1.2, 5.7), 5.9), const_3)
| 4.26667 | 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 2014 ( continued ) ( amounts in millions , except per share amounts ) a summary of the remaining liability for the 2007 , 2003 and 2001 restructuring programs is as follows : program program program total .
Table
| 2007 program | 2003 program | 2001 program | total
liability at december 31 2006 | $ 2014 | $ 12.6 | $ 19.2 | $ 31.8
net charges ( reversals ) and adjustments | 19.1 | -0.5 ( 0.5 ) | -5.2 ( 5.2 ) | 13.4
payments and other1 | -7.2 ( 7.2 ) | -3.1 ( 3.1 ) | -5.3 ( 5.3 ) | -15.6 ( 15.6 )
liability at december 31 2007 | $ 11.9 | $ 9.0 | $ 8.7 | $ 29.6
net charges and adjustments | 4.3 | 0.8 | 0.7 | 5.8
payments and other1 | -15.0 ( 15.0 ) | -4.1 ( 4.1 ) | -3.5 ( 3.5 ) | -22.6 ( 22.6 )
liability at december 31 2008 | $ 1.2 | $ 5.7 | $ 5.9 | $ 12.8
1 includes amounts representing adjustments to the liability for changes in foreign currency exchange rates . other reorganization-related charges other reorganization-related charges relate to our realignment of our media businesses into a newly created management entity called mediabrands and the 2006 merger of draft worldwide and foote , cone and belding worldwide to create draftfcb . charges related to severance and terminations costs and lease termination and other exit costs . we expect charges associated with mediabrands to be completed during the first half of 2009 . charges related to the creation of draftfcb in 2006 are complete . the charges were separated from the rest of our operating expenses within the consolidated statements of operations because they did not result from charges that occurred in the normal course of business. .
Question:
what is the average liability for all three programs , as of december 31 , 2008 , in millions?
Important information:
table_1: the liability at december 31 2006 of 2007 program is $ 2014 ; the liability at december 31 2006 of 2003 program is $ 12.6 ; the liability at december 31 2006 of 2001 program is $ 19.2 ; the liability at december 31 2006 of total is $ 31.8 ;
table_4: the liability at december 31 2007 of 2007 program is $ 11.9 ; the liability at december 31 2007 of 2003 program is $ 9.0 ; the liability at december 31 2007 of 2001 program is $ 8.7 ; the liability at december 31 2007 of total is $ 29.6 ;
table_7: the liability at december 31 2008 of 2007 program is $ 1.2 ; the liability at december 31 2008 of 2003 program is $ 5.7 ; the liability at december 31 2008 of 2001 program is $ 5.9 ; the liability at december 31 2008 of total is $ 12.8 ;
Reasoning Steps:
Step: add1-1(1.2, 5.7) = 6.9
Step: add1-2(#0, 5.9) = 12.8
Step: divide1-3(#1, const_3) = 4.27
Program:
add(1.2, 5.7), add(#0, 5.9), divide(#1, const_3)
Program (Nested):
divide(add(add(1.2, 5.7), 5.9), const_3)
| finqa139 |
considering the year 2013 , what is the sales to operating income ratio?
Important information:
table_1: the sales of 2013 is $ 451.1 ; the sales of 2012 is $ 420.1 ; the sales of 2011 is $ 400.6 ;
table_2: the operating income of 2013 is 65.5 ; the operating income of 2012 is 44.6 ; the operating income of 2011 is 62.8 ;
text_3: operating income of $ 65.5 increased from the higher lng project activity .
Reasoning Steps:
Step: divide1-1(451.1, 65.5) = 6.88
Program:
divide(451.1, 65.5)
Program (Nested):
divide(451.1, 65.5)
| 6.88702 | 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:
equipment and energy .
Table
| 2013 | 2012 | 2011
sales | $ 451.1 | $ 420.1 | $ 400.6
operating income | 65.5 | 44.6 | 62.8
2013 vs . 2012 sales of $ 451.1 increased primarily from higher lng project activity . operating income of $ 65.5 increased from the higher lng project activity . the sales backlog for the equipment business at 30 september 2013 was $ 402 , compared to $ 450 at 30 september 2012 . it is expected that approximately $ 250 of the backlog will be completed during 2014 . 2012 vs . 2011 sales of $ 420.1 increased 5% ( 5 % ) , or $ 19.5 , reflecting higher air separation unit ( asu ) activity . operating income of $ 44.6 decreased 29% ( 29 % ) , or $ 18.2 , reflecting lower lng project activity . the sales backlog for the equipment business at 30 september 2012 was $ 450 , compared to $ 334 at 30 september 2011 . other operating income ( loss ) primarily includes other expense and income that cannot be directly associated with the business segments , including foreign exchange gains and losses . also included are lifo inventory valuation adjustments , as the business segments use fifo , and the lifo pool valuation adjustments are not allocated to the business segments . other also included stranded costs resulting from discontinued operations , as these costs were not reallocated to the businesses in 2012 . 2013 vs . 2012 other operating loss was $ 4.7 , compared to $ 6.6 in the prior year . the current year includes an unfavorable lifo adjustment versus the prior year of $ 11 . the prior year loss included stranded costs from discontinued operations of $ 10 . 2012 vs . 2011 other operating loss was $ 6.6 , compared to $ 39.3 in the prior year , primarily due to a reduction in stranded costs , a decrease in the lifo adjustment as a result of decreases in inventory values , and favorable foreign exchange , partially offset by gains on asset sales in the prior year. .
Question:
considering the year 2013 , what is the sales to operating income ratio?
Important information:
table_1: the sales of 2013 is $ 451.1 ; the sales of 2012 is $ 420.1 ; the sales of 2011 is $ 400.6 ;
table_2: the operating income of 2013 is 65.5 ; the operating income of 2012 is 44.6 ; the operating income of 2011 is 62.8 ;
text_3: operating income of $ 65.5 increased from the higher lng project activity .
Reasoning Steps:
Step: divide1-1(451.1, 65.5) = 6.88
Program:
divide(451.1, 65.5)
Program (Nested):
divide(451.1, 65.5)
| finqa140 |
in 2010 what was the percentage change in the deferred policy acquisition costs and present value of future profits
Important information:
table_1: the balance january 1 of 2011 is $ 9857 ; the balance january 1 of 2010 is $ 10686 ; the balance january 1 of 2009 is $ 13248 ;
table_2: the deferred costs of 2011 is 2608 ; the deferred costs of 2010 is 2648 ; the deferred costs of 2009 is 2853 ;
table_9: the balance december 31 of 2011 is $ 8744 ; the balance december 31 of 2010 is $ 9857 ; the balance december 31 of 2009 is $ 10686 ;
Reasoning Steps:
Step: minus2-1(9857, 10686) = -829
Step: divide2-2(#0, 10686) = -7.8%
Program:
subtract(9857, 10686), divide(#0, 10686)
Program (Nested):
divide(subtract(9857, 10686), 10686)
| -0.07758 | 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 hartford financial services group , inc . notes to consolidated financial statements ( continued ) 7 . deferred policy acquisition costs and present value of future profits ( continued ) results changes in the dac balance are as follows: .
Table
| 2011 | 2010 | 2009
balance january 1 | $ 9857 | $ 10686 | $ 13248
deferred costs | 2608 | 2648 | 2853
amortization 2014 dac | -2920 ( 2920 ) | -2665 ( 2665 ) | -3247 ( 3247 )
amortization 2014 dac from discontinued operations | 2014 | -17 ( 17 ) | -10 ( 10 )
amortization 2014 unlock benefit ( charge ) pre-tax [1] | -507 ( 507 ) | 138 | -1010 ( 1010 )
adjustments to unrealized gains and losses on securities available-for-sale and other [2] | -377 ( 377 ) | -1159 ( 1159 ) | -1031 ( 1031 )
effect of currency translation | 83 | 215 | -39 ( 39 )
cumulative effect of accounting change pre-tax [3] | 2014 | 11 | -78 ( 78 )
balance december 31 | $ 8744 | $ 9857 | $ 10686
[1] the most significant contributors to the unlock charge recorded during the year ended december 31 , 2011 were assumption changes which reduced expected future gross profits including additional costs associated with implementing the japan hedging strategy and the u.s . variable annuity macro hedge program , as well as actual separate account returns below our aggregated estimated return . the most significant contributors to the unlock benefit recorded during the year ended december 31 , 2010 were actual separate account returns being above our aggregated estimated return . also included in the benefit are assumption updates related to benefits from withdrawals and lapses , offset by hedging , annuitization estimates on japan products , and long-term expected rate of return updates . the most significant contributors to the unlock charge recorded during the year ended december 31 , 2009 were the results of actual separate account returns being significantly below our aggregated estimated return for the first quarter of 2009 , partially offset by actual returns being greater than our aggregated estimated return for the period from april 1 , 2009 to december 31 , 2009 . [2] the most significant contributor to the adjustments was the effect of declining interest rates , resulting in unrealized gains on securities classified in aoci . other includes a $ 34 decrease as a result of the disposition of dac from the sale of the hartford investment canadian canada in 2010 . [3] for the year ended december 31 , 2010 the effect of adopting new accounting guidance for embedded credit derivatives resulted in a decrease to retained earnings and , as a result , a dac benefit . in addition , an offsetting amount was recorded in unrealized losses as unrealized losses decreased upon adoption of the new accounting guidance . for the year ended december 31 , 2009 the effect of adopting new accounting guidance for investments other- than- temporarily impaired resulted in an increase to retained earnings and , as a result , a dac charge . in addition , an offsetting amount was recorded in unrealized losses as unrealized losses increased upon adoption of the new accounting guidance . as of december 31 , 2011 , estimated future net amortization expense of present value of future profits for the succeeding five years is $ 39 , $ 58 , $ 24 , $ 23 and $ 22 in 2012 , 2013 , 2014 , 2015 and 2016 , respectively. .
Question:
in 2010 what was the percentage change in the deferred policy acquisition costs and present value of future profits
Important information:
table_1: the balance january 1 of 2011 is $ 9857 ; the balance january 1 of 2010 is $ 10686 ; the balance january 1 of 2009 is $ 13248 ;
table_2: the deferred costs of 2011 is 2608 ; the deferred costs of 2010 is 2648 ; the deferred costs of 2009 is 2853 ;
table_9: the balance december 31 of 2011 is $ 8744 ; the balance december 31 of 2010 is $ 9857 ; the balance december 31 of 2009 is $ 10686 ;
Reasoning Steps:
Step: minus2-1(9857, 10686) = -829
Step: divide2-2(#0, 10686) = -7.8%
Program:
subtract(9857, 10686), divide(#0, 10686)
Program (Nested):
divide(subtract(9857, 10686), 10686)
| finqa141 |
for 2015 and 2014 , what was the average in millions for provision recapture for purchased impaired loans?
Important information:
text_0: during 2015 , $ 82 million of provision recapture was recorded for purchased impaired loans compared to $ 91 million of provision recapture during 2014 .
text_2: at december 31 , 2015 and december 31 , 2014 , the alll on total purchased impaired loans was $ .3 billion and $ .9 billion , respectively .
table_5: in millions the december 31 of 2015 is $ 1250 ; the december 31 of 2014 is $ 1558 ;
Reasoning Steps:
Step: add2-1(82, 91) = 173.0
Step: divide0-0(#0, const_2) = 86.5
Program:
add(82, 91), divide(#0, const_2)
Program (Nested):
divide(add(82, 91), const_2)
| 86.5 | 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:
during 2015 , $ 82 million of provision recapture was recorded for purchased impaired loans compared to $ 91 million of provision recapture during 2014 . charge-offs ( which were specifically for commercial loans greater than a defined threshold ) during 2015 were $ 12 million compared to $ 42 million during 2014 . at december 31 , 2015 and december 31 , 2014 , the alll on total purchased impaired loans was $ .3 billion and $ .9 billion , respectively . the decline in alll was primarily due to the change in our derecognition policy . for purchased impaired loan pools where an allowance has been recognized , subsequent increases in the net present value of cash flows will result in a provision recapture of any previously recorded alll to the extent applicable , and/or a reclassification from non-accretable difference to accretable yield , which will be recognized prospectively . individual loan transactions where final dispositions have occurred ( as noted above ) result in removal of the loans from their applicable pools for cash flow estimation purposes . the cash flow re- estimation process is completed quarterly to evaluate the appropriateness of the alll associated with the purchased impaired loans . activity for the accretable yield during 2015 and 2014 follows : table 66 : purchased impaired loans 2013 accretable yield .
Table
in millions | 2015 | 2014
january 1 | $ 1558 | $ 2055
accretion ( including excess cash recoveries ) | -466 ( 466 ) | -587 ( 587 )
net reclassifications to accretable from non-accretable | 226 | 208
disposals | -68 ( 68 ) | -118 ( 118 )
december 31 | $ 1250 | $ 1558
note 5 allowances for loan and lease losses and unfunded loan commitments and letters of credit allowance for loan and lease losses we maintain the alll at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date . we use the two main portfolio segments 2013 commercial lending and consumer lending 2013 and develop and document the alll under separate methodologies for each of these segments as discussed in note 1 accounting policies . a rollforward of the alll and associated loan data follows . the pnc financial services group , inc . 2013 form 10-k 141 .
Question:
for 2015 and 2014 , what was the average in millions for provision recapture for purchased impaired loans?
Important information:
text_0: during 2015 , $ 82 million of provision recapture was recorded for purchased impaired loans compared to $ 91 million of provision recapture during 2014 .
text_2: at december 31 , 2015 and december 31 , 2014 , the alll on total purchased impaired loans was $ .3 billion and $ .9 billion , respectively .
table_5: in millions the december 31 of 2015 is $ 1250 ; the december 31 of 2014 is $ 1558 ;
Reasoning Steps:
Step: add2-1(82, 91) = 173.0
Step: divide0-0(#0, const_2) = 86.5
Program:
add(82, 91), divide(#0, const_2)
Program (Nested):
divide(add(82, 91), const_2)
| finqa142 |
what was purchases of reserves in place in 2016?
Important information:
table_0: beginning of year the beginning of year of 552 is 552 ;
table_3: beginning of year the purchases of reserves in place of 552 is 15 ;
table_7: beginning of year the end of year of 552 is 546 ;
Reasoning Steps:
Step: minus2-1(15, 28) = -13
Program:
subtract(15, 28)
Program (Nested):
subtract(15, 28)
| -13.0 | 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:
supplementary information on oil and gas producing activities ( unaudited ) 2017 proved reserves decreased by 647 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe , with the remainder being due to revisions across the business . 2022 extensions , discoveries , and other additions : increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma . 2022 purchases of reserves in place : increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico . 2022 production : decreased by 145 mmboe . 2022 sales of reserves in place : decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado . see item 8 . financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions . 2016 proved reserves decreased by 67 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s . technical revisions . 2022 extensions , discoveries , and other additions : increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma . 2022 purchases of reserves in place : increased by 34 mmboe from acquisition of stack assets in oklahoma . 2022 production : decreased by 144 mmboe . 2022 sales of reserves in place : decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets . 2015 proved reserves decreased by 35 mmboe primarily due to the following : 2022 revisions of previous estimates : decreased by 2 mmboe primarily resulting from an increase of 105 mmboe associated with drilling programs in u.s . resource plays and an increase of 67 mmboe in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices , offset by a decrease of 173 mmboe which was largely due to reductions to our capital development program and adherence to the sec 5-year rule . 2022 extensions , discoveries , and other additions : increased by140 mmboe as a result of drilling programs in our u.s . resource plays . 2022 production : decreased by 157 mmboe . 2022 sales of reserves in place : u.s . conventional assets sales contributed to a decrease of 18 mmboe . changes in proved undeveloped reserves as of december 31 , 2017 , 546 mmboe of proved undeveloped reserves were reported , a decrease of 6 mmboe from december 31 , 2016 . the following table shows changes in proved undeveloped reserves for 2017 : ( mmboe ) .
Table
beginning of year | 552
revisions of previous estimates | 5
improved recovery | 2014
purchases of reserves in place | 15
extensions discoveries and other additions | 57
dispositions | 2014
transfers to proved developed | -83 ( 83 )
end of year | 546
revisions of prior estimates . revisions of prior estimates increased 5 mmboe during 2017 , primarily due to a 44 mmboe increase in the bakken from an acceleration of higher economic wells into the 5-year plan , offset by a decrease of 40 mmboe in oklahoma due to the removal of less economic wells from the 5-year plan . extensions , discoveries and other additions . increased 57 mmboe through expansion of proved areas in oklahoma. .
Question:
what was purchases of reserves in place in 2016?
Important information:
table_0: beginning of year the beginning of year of 552 is 552 ;
table_3: beginning of year the purchases of reserves in place of 552 is 15 ;
table_7: beginning of year the end of year of 552 is 546 ;
Reasoning Steps:
Step: minus2-1(15, 28) = -13
Program:
subtract(15, 28)
Program (Nested):
subtract(15, 28)
| finqa143 |
did the share of securities rated aaa/aaa increase between 2008 and 2009?
Important information:
text_0: market street commitments by credit rating ( a ) december 31 , december 31 .
table_1: the aaa/aaa of december 31 2009 is 14% ( 14 % ) ; the aaa/aaa of december 312008 is 19% ( 19 % ) ;
table_2: the aa/aa of december 31 2009 is 50 ; the aa/aa of december 312008 is 6 ;
Reasoning Steps:
Step: compare_larger2-1(14, 19) = no
Program:
greater(14, 19)
Program (Nested):
greater(14, 19)
| 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:
market street commitments by credit rating ( a ) december 31 , december 31 .
Table
| december 31 2009 | december 312008
aaa/aaa | 14% ( 14 % ) | 19% ( 19 % )
aa/aa | 50 | 6
a/a | 34 | 72
bbb/baa | 2 | 3
total | 100% ( 100 % ) | 100% ( 100 % )
( a ) the majority of our facilities are not explicitly rated by the rating agencies . all facilities are structured to meet rating agency standards for applicable rating levels . we evaluated the design of market street , its capital structure , the note , and relationships among the variable interest holders . based on this analysis and under accounting guidance effective during 2009 and 2008 , we are not the primary beneficiary and therefore the assets and liabilities of market street are not included on our consolidated balance sheet . we considered changes to the variable interest holders ( such as new expected loss note investors and changes to program- level credit enhancement providers ) , terms of expected loss notes , and new types of risks related to market street as reconsideration events . we reviewed the activities of market street on at least a quarterly basis to determine if a reconsideration event has occurred . tax credit investments we make certain equity investments in various limited partnerships or limited liability companies ( llcs ) that sponsor affordable housing projects utilizing the low income housing tax credit ( lihtc ) pursuant to sections 42 and 47 of the internal revenue code . the purpose of these investments is to achieve a satisfactory return on capital , to facilitate the sale of additional affordable housing product offerings and to assist us in achieving goals associated with the community reinvestment act . the primary activities of the investments include the identification , development and operation of multi-family housing that is leased to qualifying residential tenants . generally , these types of investments are funded through a combination of debt and equity . we typically invest in these partnerships as a limited partner or non-managing member . also , we are a national syndicator of affordable housing equity ( together with the investments described above , the 201clihtc investments 201d ) . in these syndication transactions , we create funds in which our subsidiaries are the general partner or managing member and sell limited partnership or non-managing member interests to third parties , and in some cases may also purchase a limited partnership or non-managing member interest in the fund . the purpose of this business is to generate income from the syndication of these funds , generate servicing fees by managing the funds , and earn tax credits to reduce our tax liability . general partner or managing member activities include selecting , evaluating , structuring , negotiating , and closing the fund investments in operating limited partnerships , as well as oversight of the ongoing operations of the fund portfolio . we evaluate our interests and third party interests in the limited partnerships/llcs in determining whether we are the primary beneficiary . the primary beneficiary determination is based on which party absorbs a majority of the variability . the primary sources of variability in lihtc investments are the tax credits , tax benefits due to passive losses on the investments and development and operating cash flows . we have consolidated lihtc investments in which we absorb a majority of the variability and thus are considered the primary beneficiary . the assets are primarily included in equity investments and other assets on our consolidated balance sheet with the liabilities classified in other liabilities and third party investors 2019 interests included in the equity section as noncontrolling interests . neither creditors nor equity investors in the lihtc investments have any recourse to our general credit . the consolidated aggregate assets and liabilities of these lihtc investments are provided in the consolidated vies 2013 pnc is primary beneficiary table and reflected in the 201cother 201d business segment . we also have lihtc investments in which we are not the primary beneficiary , but are considered to have a significant variable interest based on our interests in the partnership/llc . these investments are disclosed in the non-consolidated vies 2013 significant variable interests table . the table also reflects our maximum exposure to loss . our maximum exposure to loss is equal to our legally binding equity commitments adjusted for recorded impairment and partnership results . we use the equity and cost methods to account for our investment in these entities with the investments reflected in equity investments on our consolidated balance sheet . in addition , we increase our recognized investments and recognize a liability for all legally binding unfunded equity commitments . these liabilities are reflected in other liabilities on our consolidated balance sheet . credit risk transfer transaction national city bank , ( a former pnc subsidiary which merged into pnc bank , n.a . in november 2009 ) sponsored a special purpose entity ( spe ) and concurrently entered into a credit risk transfer agreement with an independent third party to mitigate credit losses on a pool of nonconforming mortgage loans originated by its former first franklin business unit . the spe was formed with a small equity contribution and was structured as a bankruptcy-remote entity so that its creditors have no recourse to us . in exchange for a perfected security interest in the cash flows of the nonconforming mortgage loans , the spe issued to us asset-backed securities in the form of senior , mezzanine , and subordinated equity notes . the spe was deemed to be a vie as its equity was not sufficient to finance its activities . we were determined to be the primary beneficiary of the spe as we would absorb the majority of the expected losses of the spe through our holding of the asset-backed securities . accordingly , this spe was consolidated and all of the entity 2019s assets , liabilities , and .
Question:
did the share of securities rated aaa/aaa increase between 2008 and 2009?
Important information:
text_0: market street commitments by credit rating ( a ) december 31 , december 31 .
table_1: the aaa/aaa of december 31 2009 is 14% ( 14 % ) ; the aaa/aaa of december 312008 is 19% ( 19 % ) ;
table_2: the aa/aa of december 31 2009 is 50 ; the aa/aa of december 312008 is 6 ;
Reasoning Steps:
Step: compare_larger2-1(14, 19) = no
Program:
greater(14, 19)
Program (Nested):
greater(14, 19)
| finqa144 |
what is the change in total debt to be repaid in the contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2005 between 2009 and 2008?
Important information:
table_1: in millions the total debt of 2006 is $ 1181 ; the total debt of 2007 is $ 570 ; the total debt of 2008 is $ 308 ; the total debt of 2009 is $ 2330 ; the total debt of 2010 is $ 1534 ; the total debt of thereafter is $ 6281 ;
table_2: in millions the lease obligations of 2006 is 172 ; the lease obligations of 2007 is 144 ; the lease obligations of 2008 is 119 ; the lease obligations of 2009 is 76 ; the lease obligations of 2010 is 63 ; the lease obligations of thereafter is 138 ;
table_4: in millions the total of 2006 is $ 4617 ; the total of 2007 is $ 1107 ; the total of 2008 is $ 707 ; the total of 2009 is $ 2646 ; the total of 2010 is $ 1801 ; the total of thereafter is $ 7657 ;
Reasoning Steps:
Step: minus1-1(2330, 308) = 2022
Program:
subtract(2330, 308)
Program (Nested):
subtract(2330, 308)
| 2022.0 | 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:
contractual obligations for future payments under existing debt and lease commitments and purchase obli- gations at december 31 , 2005 , were as follows : in millions 2006 2007 2008 2009 2010 thereafter .
Table
in millions | 2006 | 2007 | 2008 | 2009 | 2010 | thereafter
total debt | $ 1181 | $ 570 | $ 308 | $ 2330 | $ 1534 | $ 6281
lease obligations | 172 | 144 | 119 | 76 | 63 | 138
purchase obligations ( a ) | 3264 | 393 | 280 | 240 | 204 | 1238
total | $ 4617 | $ 1107 | $ 707 | $ 2646 | $ 1801 | $ 7657
( a ) the 2006 amount includes $ 2.4 billion for contracts made in the ordinary course of business to purchase pulpwood , logs and wood chips . the majority of our other purchase obligations are take-or-pay or purchase commitments made in the ordinary course of business related to raw material purchases and energy contracts . other significant items include purchase obligations related to contracted services . transformation plan in july 2005 , the company announced a plan to focus its business portfolio on two key global platform businesses : uncoated papers ( including distribution ) and packaging . the plan also focuses on improving shareholder return through mill realignments in those two businesses , additional cost improvements and exploring strategic options for other businesses , includ- ing possible sale or spin-off . in connection with this process , in the third quarter of 2005 , the company completed the sale of its 50.5% ( 50.5 % ) interest in carter holt harvey limited . other businesses currently under re- view include : 2022 the coated and supercalendered papers busi- ness , including the coated groundwood mill and associated assets in brazil , 2022 the beverage packaging business , including the pine bluff , arkansas mill , 2022 the kraft papers business , including the roa- noke rapids , north carolina mill , 2022 arizona chemical , 2022 the wood products business , and 2022 segments or potentially all of the company 2019s 6.5 million acres of u.s . forestlands . consistent with this evaluation process , the com- pany has distributed bid package information for some of these businesses . the exact timing of this evaluation process will vary by business ; however , it is anticipated that decisions will be made for some of these businesses during 2006 . while the exact use of any proceeds from potential future sales is dependent upon various factors affecting future cash flows , such as the amount of any proceeds received and changes in market conditions , input costs and capital spending , the company remains committed to using its free cash flow in 2006 to pay down debt , to return value to shareholders , and for se- lective high-return investments . critical accounting policies the preparation of financial statements in con- formity with generally accepted accounting principles in the united states requires international paper to estab- lish accounting policies and to make estimates that af- fect both the amounts and timing of the recording of assets , liabilities , revenues and expenses . some of these estimates require judgments about matters that are in- herently uncertain . accounting policies whose application may have a significant effect on the reported results of operations and financial position of international paper , and that can require judgments by management that affect their application , include sfas no . 5 , 201caccounting for contingencies , 201d sfas no . 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d sfas no . 142 , 201cgoodwill and other intangible assets , 201d sfas no . 87 , 201cemployers 2019 accounting for pensions , 201d sfas no . 106 , 201cemployers 2019 accounting for postretirement benefits other than pensions , 201d as amended by sfas nos . 132 and 132r , 201cemployers 2019 disclosures about pension and other postretirement benefits , 201d and sfas no . 109 , 201caccounting for income taxes . 201d the following is a discussion of the impact of these accounting policies on international paper : contingent liabilities . accruals for contingent li- abilities , including legal and environmental matters , are recorded when it is probable that a liability has been incurred or an asset impaired and the amount of the loss can be reasonably estimated . liabilities accrued for legal matters require judgments regarding projected outcomes and range of loss based on historical experience and recommendations of legal counsel . additionally , as dis- cussed in note 10 of the notes to consolidated finan- cial statements in item 8 . financial statements and supplementary data , reserves for projected future claims settlements relating to exterior siding and roofing prod- ucts previously manufactured by masonite require judgments regarding projections of future claims rates and amounts . international paper utilizes an in- dependent third party consultant to assist in developing these estimates . liabilities for environmental matters require evaluations of relevant environmental regu- lations and estimates of future remediation alternatives and costs . international paper determines these esti- mates after a detailed evaluation of each site . impairment of long-lived assets and goodwill . an impairment of a long-lived asset exists when the asset 2019s carrying amount exceeds its fair value , and is recorded when the carrying amount is not recoverable through future operations . a goodwill impairment exists when the carrying amount of goodwill exceeds its fair value . assessments of possible impairments of long-lived assets and goodwill are made when events or changes in cir- cumstances indicate that the carrying value of the asset .
Question:
what is the change in total debt to be repaid in the contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2005 between 2009 and 2008?
Important information:
table_1: in millions the total debt of 2006 is $ 1181 ; the total debt of 2007 is $ 570 ; the total debt of 2008 is $ 308 ; the total debt of 2009 is $ 2330 ; the total debt of 2010 is $ 1534 ; the total debt of thereafter is $ 6281 ;
table_2: in millions the lease obligations of 2006 is 172 ; the lease obligations of 2007 is 144 ; the lease obligations of 2008 is 119 ; the lease obligations of 2009 is 76 ; the lease obligations of 2010 is 63 ; the lease obligations of thereafter is 138 ;
table_4: in millions the total of 2006 is $ 4617 ; the total of 2007 is $ 1107 ; the total of 2008 is $ 707 ; the total of 2009 is $ 2646 ; the total of 2010 is $ 1801 ; the total of thereafter is $ 7657 ;
Reasoning Steps:
Step: minus1-1(2330, 308) = 2022
Program:
subtract(2330, 308)
Program (Nested):
subtract(2330, 308)
| finqa145 |
what was average net sales for space systems in millions from 2013 to 2015?
Important information:
text_2: the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .
table_1: the net sales of 2015 is $ 9105 ; the net sales of 2014 is $ 9202 ; the net sales of 2013 is $ 9288 ;
table_2: the operating profit of 2015 is 1171 ; the operating profit of 2014 is 1187 ; the operating profit of 2013 is 1198 ;
Reasoning Steps:
Step: average2-1(net sales, none) = 9198
Program:
table_average(net sales, none)
Program (Nested):
table_average(net sales, none)
| 9198.33333 | 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:
2014 compared to 2013 mst 2019s net sales decreased $ 305 million , or 3% ( 3 % ) , in 2014 as compared to 2013 . net sales decreased by approximately $ 305 million due to the wind-down or completion of certain c4isr programs ( primarily ptds ) ; about $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) . the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) . mst 2019s operating profit decreased $ 129 million , or 12% ( 12 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) ; approximately $ 55 million due to the reasons described above for lower c4isr program sales , as well as performance matters on an international program ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs . the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 85 million lower for 2014 compared to 2013 . backlog backlog increased in 2015 compared to 2014 primarily due to the addition of sikorsky backlog , as well as higher orders on new program starts ( such as australian defence force pilot training system ) . backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) . trends we expect mst 2019s 2016 net sales to increase in the mid-double digit percentage range compared to 2015 net sales due to the inclusion of sikorsky programs for a full year , partially offset by a decline in volume due to the wind-down or completion of certain programs . operating profit is expected to be equivalent to 2015 on higher volume , and operating margin is expected to decline due to costs associated with the sikorsky acquisition , including the impact of purchase accounting adjustments , integration costs and inherited restructuring costs associated with actions committed to by sikorsky prior to acquisition . space systems our space systems business segment is engaged in the research and development , design , engineering and production of satellites , strategic and defensive missile systems and space transportation systems . space systems provides network-enabled situational awareness and integrates complex global systems to help our customers gather , analyze , and securely distribute critical intelligence data . space systems is also responsible for various classified systems and services in support of vital national security systems . space systems 2019 major programs include the trident ii d5 fleet ballistic missile ( fbm ) , orion , space based infrared system ( sbirs ) , aehf , gps-iii , geostationary operational environmental satellite r-series ( goes-r ) , and muos . operating profit for our space systems business segment includes our share of earnings for our investment in ula , which provides expendable launch services to the u.s . government . space systems 2019 operating results included the following ( in millions ) : .
Table
| 2015 | 2014 | 2013
net sales | $ 9105 | $ 9202 | $ 9288
operating profit | 1171 | 1187 | 1198
operating margins | 12.9% ( 12.9 % ) | 12.9% ( 12.9 % ) | 12.9% ( 12.9 % )
backlog at year-end | $ 17400 | $ 20300 | $ 21400
2015 compared to 2014 space systems 2019 net sales in 2015 decreased $ 97 million , or 1% ( 1 % ) , compared to 2014 . the decrease was attributable to approximately $ 335 million lower net sales for government satellite programs due to decreased volume ( primarily aehf ) and the wind-down or completion of mission solutions programs ; and approximately $ 55 million for strategic missile and defense systems due to lower volume . these decreases were partially offset by higher net sales of approximately $ 235 million for businesses acquired in 2014 ; and approximately $ 75 million for the orion program due to increased volume. .
Question:
what was average net sales for space systems in millions from 2013 to 2015?
Important information:
text_2: the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .
table_1: the net sales of 2015 is $ 9105 ; the net sales of 2014 is $ 9202 ; the net sales of 2013 is $ 9288 ;
table_2: the operating profit of 2015 is 1171 ; the operating profit of 2014 is 1187 ; the operating profit of 2013 is 1198 ;
Reasoning Steps:
Step: average2-1(net sales, none) = 9198
Program:
table_average(net sales, none)
Program (Nested):
table_average(net sales, none)
| finqa146 |
what is the five year total return on ball stock?
Important information:
table_1: the ball corporation of 12/31/05 is $ 100.00 ; the ball corporation of 12/31/06 is $ 110.86 ; the ball corporation of 12/31/07 is $ 115.36 ; the ball corporation of 12/31/08 is $ 107.58 ; the ball corporation of 12/31/09 is $ 134.96 ; the ball corporation of 12/31/10 is $ 178.93 ;
Reasoning Steps:
Step: minus1-1(134.96, 100.00) = 34.96
Program:
subtract(134.96, 100.00)
Program (Nested):
subtract(134.96, 100.00)
| 34.96 | 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:
page 15 of 100 shareholder return performance the line graph below compares the annual percentage change in ball corporation 2019s cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2010 . it assumes $ 100 was invested on december 31 , 2005 , and that all dividends were reinvested . the dow jones containers & packaging index total return has been weighted by market capitalization . total return analysis .
Table
| 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09 | 12/31/10
ball corporation | $ 100.00 | $ 110.86 | $ 115.36 | $ 107.58 | $ 134.96 | $ 178.93
dj containers & packaging index | $ 100.00 | $ 112.09 | $ 119.63 | $ 75.00 | $ 105.34 | $ 123.56
s&p 500 index | $ 100.00 | $ 115.80 | $ 122.16 | $ 76.96 | $ 97.33 | $ 111.99
copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )
copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved .
.
Question:
what is the five year total return on ball stock?
Important information:
table_1: the ball corporation of 12/31/05 is $ 100.00 ; the ball corporation of 12/31/06 is $ 110.86 ; the ball corporation of 12/31/07 is $ 115.36 ; the ball corporation of 12/31/08 is $ 107.58 ; the ball corporation of 12/31/09 is $ 134.96 ; the ball corporation of 12/31/10 is $ 178.93 ;
Reasoning Steps:
Step: minus1-1(134.96, 100.00) = 34.96
Program:
subtract(134.96, 100.00)
Program (Nested):
subtract(134.96, 100.00)
| finqa147 |
what is the cash flow statement effect of the change in cash used for working capital from 2013 to 2014?
Important information:
text_0: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
table_2: cash flow data the net cash used in working capital2 of years ended december 31 , 2015 is -117.5 ( 117.5 ) ; the net cash used in working capital2 of years ended december 31 , 2014 is -131.1 ( 131.1 ) ; the net cash used in working capital2 of years ended december 31 , 2013 is -9.6 ( 9.6 ) ;
text_6: net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 .
Reasoning Steps:
Step: minus2-1(9.6, 131.1) = -121.5
Program:
subtract(9.6, 131.1)
Program (Nested):
subtract(9.6, 131.1)
| -121.5 | 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:
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
Table
cash flow data | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
net income adjusted to reconcile net income to net cashprovided by operating activities1 | $ 848.2 | $ 831.2 | $ 598.4
net cash used in working capital2 | -117.5 ( 117.5 ) | -131.1 ( 131.1 ) | -9.6 ( 9.6 )
changes in other non-current assets and liabilities using cash | -56.7 ( 56.7 ) | -30.6 ( 30.6 ) | 4.1
net cash provided by operating activities | $ 674.0 | $ 669.5 | $ 592.9
net cash used in investing activities | -202.8 ( 202.8 ) | -200.8 ( 200.8 ) | -224.5 ( 224.5 )
net cash used in financing activities | -472.8 ( 472.8 ) | -343.9 ( 343.9 ) | -1212.3 ( 1212.3 )
1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. .
Question:
what is the cash flow statement effect of the change in cash used for working capital from 2013 to 2014?
Important information:
text_0: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
table_2: cash flow data the net cash used in working capital2 of years ended december 31 , 2015 is -117.5 ( 117.5 ) ; the net cash used in working capital2 of years ended december 31 , 2014 is -131.1 ( 131.1 ) ; the net cash used in working capital2 of years ended december 31 , 2013 is -9.6 ( 9.6 ) ;
text_6: net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 .
Reasoning Steps:
Step: minus2-1(9.6, 131.1) = -121.5
Program:
subtract(9.6, 131.1)
Program (Nested):
subtract(9.6, 131.1)
| finqa148 |
what portion of the company owned facilities are located in the rest of the world?
Important information:
text_9: as of december 31 , 2016 , we operated 87 manufacturing and processing facilities .
text_10: we own 83 and lease four of these facilities .
table_4: the rest of world of owned is 26 ; the rest of world of leased is 2 ;
Reasoning Steps:
Step: divide2-1(26, 83) = 31.3%
Program:
divide(26, 83)
Program (Nested):
divide(26, 83)
| 0.31325 | 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 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house our executive offices , certain u.s . business units , and our administrative , finance , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 31 , 2016 , we operated 87 manufacturing and processing facilities . we own 83 and lease four of these facilities . our manufacturing and processing facilities count by segment as of december 31 , 2016 was: .
Table
| owned | leased
united states | 43 | 2
canada | 3 | 2014
europe | 11 | 2014
rest of world | 26 | 2
we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2016 , we reorganized our segment structure to move our russia business from the rest of world segment to the europe segment . we have reflected this change in the table above . see note 18 , segment reporting , to the consolidated financial statements for additional information . several of our current manufacturing and processing facilities are scheduled to be closed within the next year . see note 3 , integration and restructuring expenses , to the consolidated financial statements for additional information . item 3 . legal proceedings . we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business . on april 1 , 2015 , the commodity futures trading commission ( 201ccftc 201d ) filed a formal complaint against mondel 0113z international ( formerly known as kraft foods inc. ) and kraft in the u.s . district court for the northern district of illinois , eastern division , related to activities involving the trading of december 2011 wheat futures contracts . the complaint alleges that mondel 0113z international and kraft ( 1 ) manipulated or attempted to manipulate the wheat markets during the fall of 2011 , ( 2 ) violated position limit levels for wheat futures , and ( 3 ) engaged in non-competitive trades by trading both sides of exchange-for-physical chicago board of trade wheat contracts . as previously disclosed by kraft , these activities arose prior to the october 1 , 2012 spin-off of kraft by mondel 0113z international to its shareholders and involve the business now owned and operated by mondel 0113z international or its affiliates . the separation and distribution agreement between kraft and mondel 0113z international , dated as of september 27 , 2012 , governs the allocation of liabilities between mondel 0113z international and kraft and , accordingly , mondel 0113z international will predominantly bear the costs of this matter and any monetary penalties or other payments that the cftc may impose . we do not expect this matter to have a material adverse effect on our financial condition , results of operations , or business . while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations . item 4 . mine safety disclosures . not applicable. .
Question:
what portion of the company owned facilities are located in the rest of the world?
Important information:
text_9: as of december 31 , 2016 , we operated 87 manufacturing and processing facilities .
text_10: we own 83 and lease four of these facilities .
table_4: the rest of world of owned is 26 ; the rest of world of leased is 2 ;
Reasoning Steps:
Step: divide2-1(26, 83) = 31.3%
Program:
divide(26, 83)
Program (Nested):
divide(26, 83)
| finqa149 |
what is the lowest segment operating income?
Important information:
table_1: years ended december 31, the segment revenue of 2009 is $ 6305 ; the segment revenue of 2008 is $ 6197 ; the segment revenue of 2007 is $ 5918 ;
table_2: years ended december 31, the segment operating income of 2009 is 900 ; the segment operating income of 2008 is 846 ; the segment operating income of 2007 is 954 ;
table_3: years ended december 31, the segment operating income margin of 2009 is 14.3% ( 14.3 % ) ; the segment operating income margin of 2008 is 13.7% ( 13.7 % ) ; the segment operating income margin of 2007 is 16.1% ( 16.1 % ) ;
Reasoning Steps:
Step: min2-1(segment operating income, none) = 846
Program:
table_min(segment operating income, none)
Program (Nested):
table_min(segment operating income, none)
| 846.0 | 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:
risk and insurance brokerage services .
Table
years ended december 31, | 2009 | 2008 | 2007
segment revenue | $ 6305 | $ 6197 | $ 5918
segment operating income | 900 | 846 | 954
segment operating income margin | 14.3% ( 14.3 % ) | 13.7% ( 13.7 % ) | 16.1% ( 16.1 % )
during 2009 we continued to see a soft market , which began in 2007 , in our retail brokerage product line . in 2007 , we experienced a soft market in many business lines and in many geographic areas . in a 2018 2018soft market , 2019 2019 premium rates flatten or decrease , along with commission revenues , due to increased competition for market share among insurance carriers or increased underwriting capacity . changes in premiums have a direct and potentially material impact on the insurance brokerage industry , as commission revenues are generally based on a percentage of the premiums paid by insureds . prices fell throughout 2007 , with the greatest declines seen in large and middle-market accounts . prices continued to decline during 2008 , although the rate of decline slowed toward the end of the year . in our reinsurance brokerage product line , pricing overall during 2009 was also down , although during a portion of the year it was flat to up slightly . additionally , beginning in late 2008 and continuing throughout 2009 , we faced difficult conditions as a result of unprecedented disruptions in the global economy , the repricing of credit risk and the deterioration of the financial markets . continued volatility and further deterioration in the credit markets have reduced our customers 2019 demand for our retail brokerage and reinsurance brokerage products , which have negatively hurt our operational results . in addition , overall capacity in the industry could decrease if a significant insurer either fails or withdraws from writing insurance coverages that we offer our clients . this failure could reduce our revenues and profitability , since we would no longer have access to certain lines and types of insurance . risk and insurance brokerage services generated approximately 83% ( 83 % ) of our consolidated total revenues in 2009 . revenues are generated primarily through fees paid by clients , commissions and fees paid by insurance and reinsurance companies , and investment income on funds held on behalf of clients . our revenues vary from quarter to quarter throughout the year as a result of the timing of our clients 2019 policy renewals , the net effect of new and lost business , the timing of services provided to our clients , and the income we earn on investments , which is heavily influenced by short-term interest rates . we operate in a highly competitive industry and compete with many retail insurance brokerage and agency firms , as well as with individual brokers , agents , and direct writers of insurance coverage . specifically , we address the highly specialized product development and risk management needs of commercial enterprises , professional groups , insurance companies , governments , healthcare providers , and non-profit groups , among others ; provide affinity products for professional liability , life , disability income , and personal lines for individuals , associations , and businesses ; provide reinsurance services to insurance and reinsurance companies and other risk assumption entities by acting as brokers or intermediaries on all classes of reinsurance ; provide investment banking products and services , including mergers and acquisitions and other financial advisory services , capital raising , contingent capital financing , insurance-linked securitizations and derivative applications ; provide managing underwriting to independent agents and brokers as well as corporate clients ; provide actuarial , loss prevention , and administrative services to businesses and consumers ; and manage captive insurance companies . in november 2008 we expanded our product offerings through the merger with benfield , a leading independent reinsurance intermediary . benfield products have been integrated with our existing reinsurance products in 2009 . in february 2009 , we completed the sale of the u.s . operations of cananwill , our premium finance business . in june and july of 2009 , we entered into agreements with third parties with respect to our .
Question:
what is the lowest segment operating income?
Important information:
table_1: years ended december 31, the segment revenue of 2009 is $ 6305 ; the segment revenue of 2008 is $ 6197 ; the segment revenue of 2007 is $ 5918 ;
table_2: years ended december 31, the segment operating income of 2009 is 900 ; the segment operating income of 2008 is 846 ; the segment operating income of 2007 is 954 ;
table_3: years ended december 31, the segment operating income margin of 2009 is 14.3% ( 14.3 % ) ; the segment operating income margin of 2008 is 13.7% ( 13.7 % ) ; the segment operating income margin of 2007 is 16.1% ( 16.1 % ) ;
Reasoning Steps:
Step: min2-1(segment operating income, none) = 846
Program:
table_min(segment operating income, none)
Program (Nested):
table_min(segment operating income, none)
| finqa150 |
in millions in 2014 , 2013 , and 2012 , what was the greatest amount of hedged borrowings and bank deposits?
Important information:
text_0: notes to consolidated financial statements hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s .
text_11: the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
table_2: $ in millions the hedged borrowings and bank deposits of year ended december 2014 is -2451 ( 2451 ) ; the hedged borrowings and bank deposits of year ended december 2013 is 6999 ; the hedged borrowings and bank deposits of year ended december 2012 is 665 ;
Reasoning Steps:
Step: max1-1(hedged borrowings and bank deposits, none) = 6999
Program:
table_max(hedged borrowings and bank deposits, none)
Program (Nested):
table_max(hedged borrowings and bank deposits, none)
| 6999.0 | 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 hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s . operations and ( iii ) certain commodities-related swap and forward contracts used to manage the exposure to the variability in cash flows associated with the forecasted sales of certain energy commodities by one of the firm 2019s consolidated investments . to qualify for hedge accounting , the derivative hedge must be highly effective at reducing the risk from the exposure being hedged . additionally , the firm must formally document the hedging relationship at inception and test the hedging relationship at least on a quarterly basis to ensure the derivative hedge continues to be highly effective over the life of the hedging relationship . fair value hedges the firm designates certain interest rate swaps as fair value hedges . these interest rate swaps hedge changes in fair value attributable to the designated benchmark interest rate ( e.g. , london interbank offered rate ( libor ) or ois ) , effectively converting a substantial portion of fixed-rate obligations into floating-rate obligations . the firm applies a statistical method that utilizes regression analysis when assessing the effectiveness of its fair value hedging relationships in achieving offsetting changes in the fair values of the hedging instrument and the risk being hedged ( i.e. , interest rate risk ) . an interest rate swap is considered highly effective in offsetting changes in fair value attributable to changes in the hedged risk when the regression analysis results in a coefficient of determination of 80% ( 80 % ) or greater and a slope between 80% ( 80 % ) and 125% ( 125 % ) . for qualifying fair value hedges , gains or losses on derivatives are included in 201cinterest expense . 201d the change in fair value of the hedged item attributable to the risk being hedged is reported as an adjustment to its carrying value and is subsequently amortized into interest expense over its remaining life . gains or losses resulting from hedge ineffectiveness are included in 201cinterest expense . 201d when a derivative is no longer designated as a hedge , any remaining difference between the carrying value and par value of the hedged item is amortized to interest expense over the remaining life of the hedged item using the effective interest method . see note 23 for further information about interest income and interest expense . the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
Table
$ in millions | year ended december 2014 | year ended december 2013 | year ended december 2012
interest rate hedges | $ 1936 | $ -8683 ( 8683 ) | $ -2383 ( 2383 )
hedged borrowings and bank deposits | -2451 ( 2451 ) | 6999 | 665
hedge ineffectiveness | $ -515 ( 515 ) | $ -1684 ( 1684 ) | $ -1718 ( 1718 )
134 goldman sachs 2014 annual report .
Question:
in millions in 2014 , 2013 , and 2012 , what was the greatest amount of hedged borrowings and bank deposits?
Important information:
text_0: notes to consolidated financial statements hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s .
text_11: the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
table_2: $ in millions the hedged borrowings and bank deposits of year ended december 2014 is -2451 ( 2451 ) ; the hedged borrowings and bank deposits of year ended december 2013 is 6999 ; the hedged borrowings and bank deposits of year ended december 2012 is 665 ;
Reasoning Steps:
Step: max1-1(hedged borrowings and bank deposits, none) = 6999
Program:
table_max(hedged borrowings and bank deposits, none)
Program (Nested):
table_max(hedged borrowings and bank deposits, none)
| finqa151 |
what is the percentage growth of the aggregate fair values of our outstanding fuel hedge for 2014 to 2015
Important information:
text_9: the aggregate fair values of our outstanding fuel hedges as of december 31 , 2015 and 2014 were current liabilities of $ 37.8 million and $ 34.4 million , respectively , and have been recorded in other accrued liabilities in our consolidated balance sheets .
text_11: total ( loss ) gain recognized in other comprehensive ( loss ) income for fuel hedges ( the effective portion ) was $ ( 2.0 ) million , $ ( 24.2 ) million and $ 2.4 million , for the years ended december 31 , 2015 , 2014 and 2013 , respectively .
text_16: total gain ( loss ) recognized in other comprehensive income for recycling commodity hedges ( the effective portion ) was $ 0.1 million and $ ( 0.1 ) million for the years ended december 31 , 2014 and 2013 , respectively .
Reasoning Steps:
Step: minus2-1(37.8, 34.4) = 3.4
Step: divide2-2(#0, 34.4) = 9.9%
Program:
subtract(37.8, 34.4), divide(#0, 34.4)
Program (Nested):
divide(subtract(37.8, 34.4), 34.4)
| 0.09884 | 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:
republic services , inc . notes to consolidated financial statements 2014 ( continued ) 16 . financial instruments fuel hedges we have entered into multiple swap agreements designated as cash flow hedges to mitigate some of our exposure related to changes in diesel fuel prices . these swaps qualified for , and were designated as , effective hedges of changes in the prices of forecasted diesel fuel purchases ( fuel hedges ) . the following table summarizes our outstanding fuel hedges as of december 31 , 2015 : year gallons hedged weighted average contract price per gallon .
Table
year | gallons hedged | weighted average contractprice per gallon
2016 | 27000000 | $ 3.57
2017 | 12000000 | 2.92
if the national u.s . on-highway average price for a gallon of diesel fuel as published by the department of energy exceeds the contract price per gallon , we receive the difference between the average price and the contract price ( multiplied by the notional gallons ) from the counterparty . if the average price is less than the contract price per gallon , we pay the difference to the counterparty . the fair values of our fuel hedges are determined using standard option valuation models with assumptions about commodity prices based on those observed in underlying markets ( level 2 in the fair value hierarchy ) . the aggregate fair values of our outstanding fuel hedges as of december 31 , 2015 and 2014 were current liabilities of $ 37.8 million and $ 34.4 million , respectively , and have been recorded in other accrued liabilities in our consolidated balance sheets . the ineffective portions of the changes in fair values resulted in a loss of $ 0.4 million and $ 0.5 million for the years ended december 31 , 2015 and 2014 respectively , and a gain of less than $ 0.1 million for the year ended december 31 , 2013 , and have been recorded in other income , net in our consolidated statements of income . total ( loss ) gain recognized in other comprehensive ( loss ) income for fuel hedges ( the effective portion ) was $ ( 2.0 ) million , $ ( 24.2 ) million and $ 2.4 million , for the years ended december 31 , 2015 , 2014 and 2013 , respectively . recycling commodity hedges revenue from the sale of recycled commodities is primarily from sales of old corrugated cardboard and old newspaper . from time to time we use derivative instruments such as swaps and costless collars designated as cash flow hedges to manage our exposure to changes in prices of these commodities . we had no outstanding recycling commodity hedges as of december 31 , 2015 and 2014 . no amounts were recognized in other income , net in our consolidated statements of income for the ineffective portion of the changes in fair values during the years ended december 31 , 2015 , 2014 and 2013 . total gain ( loss ) recognized in other comprehensive income for recycling commodity hedges ( the effective portion ) was $ 0.1 million and $ ( 0.1 ) million for the years ended december 31 , 2014 and 2013 , respectively . no amount was recognized in other comprehensive income for 2015 . fair value measurements in measuring fair values of assets and liabilities , we use valuation techniques that maximize the use of observable inputs ( level 1 ) and minimize the use of unobservable inputs ( level 3 ) . we also use market data or assumptions that we believe market participants would use in pricing an asset or liability , including assumptions about risk when appropriate. .
Question:
what is the percentage growth of the aggregate fair values of our outstanding fuel hedge for 2014 to 2015
Important information:
text_9: the aggregate fair values of our outstanding fuel hedges as of december 31 , 2015 and 2014 were current liabilities of $ 37.8 million and $ 34.4 million , respectively , and have been recorded in other accrued liabilities in our consolidated balance sheets .
text_11: total ( loss ) gain recognized in other comprehensive ( loss ) income for fuel hedges ( the effective portion ) was $ ( 2.0 ) million , $ ( 24.2 ) million and $ 2.4 million , for the years ended december 31 , 2015 , 2014 and 2013 , respectively .
text_16: total gain ( loss ) recognized in other comprehensive income for recycling commodity hedges ( the effective portion ) was $ 0.1 million and $ ( 0.1 ) million for the years ended december 31 , 2014 and 2013 , respectively .
Reasoning Steps:
Step: minus2-1(37.8, 34.4) = 3.4
Step: divide2-2(#0, 34.4) = 9.9%
Program:
subtract(37.8, 34.4), divide(#0, 34.4)
Program (Nested):
divide(subtract(37.8, 34.4), 34.4)
| finqa152 |
in 2005 what was the ratio of the breast implant receivables to the breast implant liabilities
Important information:
table_1: ( millions ) the breast implant liabilities of 2005 is $ 7 ; the breast implant liabilities of 2004 is $ 11 ; the breast implant liabilities of 2003 is $ 13 ;
table_2: ( millions ) the breast implant receivables of 2005 is 130 ; the breast implant receivables of 2004 is 278 ; the breast implant receivables of 2003 is 338 ;
text_4: breast implant insurance receivables : as of december 31 , 2005 , the company had receivables for insurance recoveries related to the breast implant matter of $ 130 million , representing amounts covered by the minnesota supreme court 2019s ruling of august 2003 but yet to be received and other amounts that have been claimed from various reinsurers , the minnesota insurance guaranty association , and the estates of certain insolvent insurance carriers .
Reasoning Steps:
Step: divide1-1(130, 7) = 18.6
Program:
divide(130, 7)
Program (Nested):
divide(130, 7)
| 18.57143 | 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 shows the major categories of ongoing claims for which the company has been able to estimate its probable liability and for which the company has taken reserves and the related insurance receivables : at december 31 .
Table
( millions ) | 2005 | 2004 | 2003
breast implant liabilities | $ 7 | $ 11 | $ 13
breast implant receivables | 130 | 278 | 338
respirator mask/asbestos liabilities | 210 | 248 | 289
respirator mask/asbestos receivables | 447 | 464 | 448
environmental remediation liabilities | 30 | 39 | 41
environmental remediation receivables | 15 | 16 | 16
for those significant pending legal proceedings that do not appear in the table and that are not the subject of pending settlement agreements , the company has determined that liability is not probable or the amount of the liability is not estimable , or both , and the company is unable to estimate the possible loss or range of loss at this time . the amounts in the preceding table with respect to breast implant and environmental remediation represent the company 2019s best estimate of the respective liabilities . the company has recorded liabilities with respect to the two pending transparent tape antitrust class action settlements . breast implant insurance receivables : as of december 31 , 2005 , the company had receivables for insurance recoveries related to the breast implant matter of $ 130 million , representing amounts covered by the minnesota supreme court 2019s ruling of august 2003 but yet to be received and other amounts that have been claimed from various reinsurers , the minnesota insurance guaranty association , and the estates of certain insolvent insurance carriers . the company received about $ 92 million in the fourth quarter of 2005 ( bringing total recoveries in 2005 to $ 148 million ) , offsetting a portion of the previously recorded receivable , pursuant to settlements with seven insurers and one reinsurer that were consistent with the company 2019s overall expectation of recovery as a result of the minnesota supreme court ruling . with these recent settlements and the previously disclosed settlements , 17 of the 29 insurers have withdrawn from the pending proceedings and have settled the company 2019s claims under the minnesota supreme court decision . various factors could affect the timing and amount of recovery of the balance of the company 2019s insurance receivables , including ( i ) additional delays in or avoidance of payment by insurers ; ( ii ) the extent to which insurers may become insolvent in the future , and ( iii ) the outcome of the pending legal proceedings involving the insurers . respirator mask/asbestos liabilities and insurance receivables : the company estimates its respirator mask/asbestos liabilities , including the cost to resolve the claim and defense costs , by examining : ( i ) the company 2019s experience in resolving claims , ( ii ) apparent trends , ( iii ) the apparent quality of claims ( e.g. , the company believes many of the claims have been asserted on behalf of asymptomatic claimants ) , ( iv ) changes in the nature and mix of claims ( e.g. , the proportion of claims asserting usage of the company 2019s mask or respirator products and alleging exposure to each of asbestos , silica or other occupational dusts , and claims pleading use of asbestos-containing products allegedly manufactured by the company ) , ( v ) the number of current claims and a projection of the number of future asbestos and other claims that may be filed against the company , ( vi ) the cost to resolve recently settled claims , and ( vii ) an estimate of the cost to resolve and defend against current and future claims . because of the inherent difficulty in projecting the number of claims that have not yet been asserted , particularly with respect to the company's respiratory products that themselves did not contain any harmful materials ( which makes the various published studies that purport to project future asbestos claims substantially removed from the company's principal experience and which themselves vary widely ) , the company does not believe that there is any single best estimate of this liability , nor that it can reliably estimate the amount or range of amounts by which the liability may exceed the reserve the company has established . no liability has been recorded regarding the pending action brought by the west virginia attorney general previously described . developments may occur that could affect the company 2019s estimate of its liabilities . these developments include , but are not limited to , significant changes in ( i ) the number of future claims , ( ii ) the average cost of resolving claims , ( iii ) the legal costs of defending these claims and in maintaining trial readiness , ( iv ) changes in the mix and nature of claims received , ( v ) trial and appellate outcomes , ( vi ) changes in the law and procedure applicable to these claims , and ( vii ) the financial viability of other co-defendants and insurers . congress is currently considering legislation that would terminate essentially all litigation related to asbestos ( but not other occupational dusts ) in exchange for substantial annual payments by the defendant companies and their insurers and , accordingly , such legislation , if enacted , would bring considerable certainty to the assessment of the company's future asbestos-related liability ; the .
Question:
in 2005 what was the ratio of the breast implant receivables to the breast implant liabilities
Important information:
table_1: ( millions ) the breast implant liabilities of 2005 is $ 7 ; the breast implant liabilities of 2004 is $ 11 ; the breast implant liabilities of 2003 is $ 13 ;
table_2: ( millions ) the breast implant receivables of 2005 is 130 ; the breast implant receivables of 2004 is 278 ; the breast implant receivables of 2003 is 338 ;
text_4: breast implant insurance receivables : as of december 31 , 2005 , the company had receivables for insurance recoveries related to the breast implant matter of $ 130 million , representing amounts covered by the minnesota supreme court 2019s ruling of august 2003 but yet to be received and other amounts that have been claimed from various reinsurers , the minnesota insurance guaranty association , and the estates of certain insolvent insurance carriers .
Reasoning Steps:
Step: divide1-1(130, 7) = 18.6
Program:
divide(130, 7)
Program (Nested):
divide(130, 7)
| finqa153 |
what percentage of total market risk for positions , accounted for at fair value , that are not included in var is comprised of equity in 2017?
Important information:
text_4: the table below presents market risk for positions , accounted for at fair value , that are not included in var by asset category. .
table_1: $ in millions the equity of as of december 2017 is $ 2096 ; the equity of as of december 2016 is $ 2085 ; the equity of as of december 2015 is $ 2157 ;
table_3: $ in millions the total of as of december 2017 is $ 3702 ; the total of as of december 2016 is $ 3787 ; the total of as of december 2015 is $ 3636 ;
Reasoning Steps:
Step: divide1-1(2096, 3702) = 57%
Program:
divide(2096, 3702)
Program (Nested):
divide(2096, 3702)
| 0.56618 | 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 goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure . other sensitivity measures we use to analyze market risk are described below . 10% ( 10 % ) sensitivity measures . the table below presents market risk for positions , accounted for at fair value , that are not included in var by asset category. .
Table
$ in millions | as of december 2017 | as of december 2016 | as of december 2015
equity | $ 2096 | $ 2085 | $ 2157
debt | 1606 | 1702 | 1479
total | $ 3702 | $ 3787 | $ 3636
in the table above : 2030 the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the value of these positions . 2030 equity positions relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds . 2030 debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans . 2030 equity and debt funded positions are included in our consolidated statements of financial condition in financial instruments owned . see note 6 to the consolidated financial statements for further information about cash instruments . 2030 these measures do not reflect the diversification effect across asset categories or across other market risk measures . credit spread sensitivity on derivatives and financial liabilities . var excludes the impact of changes in counterparty and our own credit spreads on derivatives , as well as changes in our own credit spreads ( debt valuation adjustment ) on financial liabilities for which the fair value option was elected . the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million and $ 2 million ( including hedges ) as of december 2017 and december 2016 , respectively . in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 35 million and $ 25 million as of december 2017 and december 2016 , respectively . however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those financial liabilities for which the fair value option was elected , as well as the relative performance of any hedges undertaken . interest rate sensitivity . loans receivable as of december 2017 and december 2016 were $ 65.93 billion and $ 49.67 billion , respectively , substantially all of which had floating interest rates . as of december 2017 and december 2016 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 527 million and $ 405 million , respectively , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans . see note 9 to the consolidated financial statements for further information about loans receivable . other market risk considerations as of december 2017 and december 2016 , we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group , inc . see note 18 to the consolidated financial statements for further information about such lending commitments . in addition , we make investments in securities that are accounted for as available-for-sale and included in financial instruments owned in the consolidated statements of financial condition . see note 6 to the consolidated financial statements for further information . we also make investments accounted for under the equity method and we also make direct investments in real estate , both of which are included in other assets . direct investments in real estate are accounted for at cost less accumulated depreciation . see note 13 to the consolidated financial statements for further information about other assets . goldman sachs 2017 form 10-k 93 .
Question:
what percentage of total market risk for positions , accounted for at fair value , that are not included in var is comprised of equity in 2017?
Important information:
text_4: the table below presents market risk for positions , accounted for at fair value , that are not included in var by asset category. .
table_1: $ in millions the equity of as of december 2017 is $ 2096 ; the equity of as of december 2016 is $ 2085 ; the equity of as of december 2015 is $ 2157 ;
table_3: $ in millions the total of as of december 2017 is $ 3702 ; the total of as of december 2016 is $ 3787 ; the total of as of december 2015 is $ 3636 ;
Reasoning Steps:
Step: divide1-1(2096, 3702) = 57%
Program:
divide(2096, 3702)
Program (Nested):
divide(2096, 3702)
| finqa154 |
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