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what percent of total operating income was asia-pacific in 2015?
Important information:
table_3: ( in thousands ) the asia-pacific of year ended december 31 , 2015 is 36358 ; the asia-pacific of year ended december 31 , 2014 is 21858 ; the asia-pacific of year ended december 31 , $ change is 14500 ; the asia-pacific of year ended december 31 , % ( % ) change is 66.3 ;
table_6: ( in thousands ) the total operating income of year ended december 31 , 2015 is $ 408547 ; the total operating income of year ended december 31 , 2014 is $ 353955 ; the total operating income of year ended december 31 , $ change is $ 54592 ; the total operating income of year ended december 31 , % ( % ) change is 15.4% ( 15.4 % ) ;
text_4: 2022 operating income in our asia-pacific operating segment increased $ 14.5 million to $ 36.4 million in 2015 from $ 21.9 million in 2014 primarily due to sales growth discussed above in the consolidated results of operations .
Reasoning Steps:
Step: divide1-1(36358, 408547) = 9%
Program:
divide(36358, 408547)
Program (Nested):
divide(36358, 408547)
| 0.08899 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2022 net revenues in our connected fitness operating segment increased $ 34.2 million to $ 53.4 million in 2015 from $ 19.2 million in 2014 primarily due to revenues generated from our two connected fitness acquisitions in 2015 and growth in our existing connected fitness business . operating income ( loss ) by segment is summarized below: .
Table
( in thousands ) | year ended december 31 , 2015 | year ended december 31 , 2014 | year ended december 31 , $ change | year ended december 31 , % ( % ) change
north america | $ 460961 | $ 372347 | $ 88614 | 23.8% ( 23.8 % )
emea | 3122 | -11763 ( 11763 ) | 14885 | 126.5
asia-pacific | 36358 | 21858 | 14500 | 66.3
latin america | -30593 ( 30593 ) | -15423 ( 15423 ) | -15170 ( 15170 ) | -98.4 ( 98.4 )
connected fitness | -61301 ( 61301 ) | -13064 ( 13064 ) | -48237 ( 48237 ) | -369.2 ( 369.2 )
total operating income | $ 408547 | $ 353955 | $ 54592 | 15.4% ( 15.4 % )
the increase in total operating income was driven by the following : 2022 operating income in our north america operating segment increased $ 88.6 million to $ 461.0 million in 2015 from $ 372.4 million in 2014 primarily due to the items discussed above in the consolidated results of operations . 2022 operating income in our emea operating segment increased $ 14.9 million to $ 3.1 million in 2015 from a loss of $ 11.8 million in 2014 primarily due to sales growth discussed above in the consolidated results of operations . 2022 operating income in our asia-pacific operating segment increased $ 14.5 million to $ 36.4 million in 2015 from $ 21.9 million in 2014 primarily due to sales growth discussed above in the consolidated results of operations . 2022 operating loss in our latin america operating segment increased $ 15.2 million to $ 30.6 million in 2015 from $ 15.4 million in 2014 primarily due to increased investments to support growth in the region and the economic challenges in brazil during the period . this increase in operating loss was offset by sales growth discussed above . 2022 operating loss in our connected fitness segment increased $ 48.2 million to $ 61.3 million in 2015 from $ 13.1 million in 2014 primarily due to investments to support growth in our connected fitness business , including the impact of our two connected fitness acquisitions in 2015 . these acquisitions contributed $ 23.6 million to the operating loss for the connected fitness segment in 2015 . seasonality historically , we have recognized a majority of our net revenues and a significant portion of our income from operations in the last two quarters of the year , driven primarily by increased sales volume of our products during the fall selling season , including our higher priced cold weather products , along with a larger proportion of higher margin direct to consumer sales . seasonality could have an impact on the timing of accruals if the sales in the last two quarters of the year do not materialize . the level of our working capital generally reflects the seasonality and growth in our business . we generally expect inventory , accounts payable and certain accrued expenses to be higher in the second and third quarters in preparation for the fall selling season. .
Question:
what percent of total operating income was asia-pacific in 2015?
Important information:
table_3: ( in thousands ) the asia-pacific of year ended december 31 , 2015 is 36358 ; the asia-pacific of year ended december 31 , 2014 is 21858 ; the asia-pacific of year ended december 31 , $ change is 14500 ; the asia-pacific of year ended december 31 , % ( % ) change is 66.3 ;
table_6: ( in thousands ) the total operating income of year ended december 31 , 2015 is $ 408547 ; the total operating income of year ended december 31 , 2014 is $ 353955 ; the total operating income of year ended december 31 , $ change is $ 54592 ; the total operating income of year ended december 31 , % ( % ) change is 15.4% ( 15.4 % ) ;
text_4: 2022 operating income in our asia-pacific operating segment increased $ 14.5 million to $ 36.4 million in 2015 from $ 21.9 million in 2014 primarily due to sales growth discussed above in the consolidated results of operations .
Reasoning Steps:
Step: divide1-1(36358, 408547) = 9%
Program:
divide(36358, 408547)
Program (Nested):
divide(36358, 408547)
| finqa155 |
what was the average backlog at year-end from 2013 to 2015
Important information:
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 ;
table_4: the backlog at year-end of 2015 is $ 17400 ; the backlog at year-end of 2014 is $ 20300 ; the backlog at year-end of 2013 is $ 21400 ;
Reasoning Steps:
Step: add1-1(17400, 20300) = 37700
Step: add1-2(#0, 21400) = 59100
Step: divide1-3(#1, const_3) = 19700
Program:
add(17400, 20300), add(#0, 21400), divide(#1, const_3)
Program (Nested):
divide(add(add(17400, 20300), 21400), const_3)
| 19700.0 | 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:
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 the average backlog at year-end from 2013 to 2015
Important information:
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 ;
table_4: the backlog at year-end of 2015 is $ 17400 ; the backlog at year-end of 2014 is $ 20300 ; the backlog at year-end of 2013 is $ 21400 ;
Reasoning Steps:
Step: add1-1(17400, 20300) = 37700
Step: add1-2(#0, 21400) = 59100
Step: divide1-3(#1, const_3) = 19700
Program:
add(17400, 20300), add(#0, 21400), divide(#1, const_3)
Program (Nested):
divide(add(add(17400, 20300), 21400), const_3)
| finqa156 |
what percentage of the total oil and gas mmboe comes from canada?
Important information:
table_1: the u.s . onshore of oil ( mmbbls ) is 12 ; the u.s . onshore of gas ( bcf ) is 626 ; the u.s . onshore of ngls ( mmbbls ) is 23 ; the u.s . onshore of total ( mmboe ) is 140 ;
table_3: the canada of oil ( mmbbls ) is 23 ; the canada of gas ( bcf ) is 198 ; the canada of ngls ( mmbbls ) is 4 ; the canada of total ( mmboe ) is 60 ;
table_5: the total of oil ( mmbbls ) is 66 ; the total of gas ( bcf ) is 894 ; the total of ngls ( mmbbls ) is 28 ; the total of total ( mmboe ) is 243 ;
Reasoning Steps:
Step: divide2-1(60, 243) = 0.2469
Step: multiply2-2(#0, const_100) = 24.69
Program:
divide(60, 243), multiply(#0, const_100)
Program (Nested):
multiply(divide(60, 243), const_100)
| 24.69136 | 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 acquisition date is on or after the beginning of the first annual reporting period beginning on or after december 15 , 2008 . we will evaluate how the new requirements of statement no . 141 ( r ) would impact any business combinations completed in 2009 or thereafter . in december 2007 , the fasb also issued statement of financial accounting standards no . 160 , noncontrolling interests in consolidated financial statements 2014an amendment of accounting research bulletin no . 51 . a noncontrolling interest , sometimes called a minority interest , is the portion of equity in a subsidiary not attributable , directly or indirectly , to a parent . statement no . 160 establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary . under statement no . 160 , noncontrolling interests in a subsidiary must be reported as a component of consolidated equity separate from the parent 2019s equity . additionally , the amounts of consolidated net income attributable to both the parent and the noncontrolling interest must be reported separately on the face of the income statement . statement no . 160 is effective for fiscal years beginning on or after december 15 , 2008 and earlier adoption is prohibited . we do not expect the adoption of statement no . 160 to have a material impact on our financial statements and related disclosures . 2008 estimates the forward-looking statements provided in this discussion are based on our examination of historical operating trends , the information that was used to prepare the december 31 , 2007 reserve reports and other data in our possession or available from third parties . these forward-looking statements were prepared assuming demand , curtailment , producibility and general market conditions for our oil , natural gas and ngls during 2008 will be substantially similar to those of 2007 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to canadian operations have been converted to u.s . dollars using a projected average 2008 exchange rate of $ 0.98 u.s . dollar to $ 1.00 canadian dollar . in january 2007 , we announced our intent to divest our west african oil and gas assets and terminate our operations in west africa , including equatorial guinea , cote d 2019ivoire , gabon and other countries in the region . in november 2007 , we announced an agreement to sell our operations in gabon for $ 205.5 million . we are finalizing purchase and sales agreements and obtaining the necessary partner and government approvals for the remaining properties in this divestiture package . we are optimistic we can complete these sales during the first half of 2008 . all west african related revenues , expenses and capital will be reported as discontinued operations in our 2008 financial statements . accordingly , all forward-looking estimates in the following discussion exclude amounts related to our operations in west africa , unless otherwise noted . though we have completed several major property acquisitions and dispositions in recent years , these transactions are opportunity driven . thus , the following forward-looking estimates do not include any financial and operating effects of potential property acquisitions or divestitures that may occur during 2008 , except for west africa as previously discussed . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2008 . we estimate that our combined 2008 oil , gas and ngl production will total approximately 240 to 247 mmboe . of this total , approximately 92% ( 92 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2007 . the following estimates for oil , gas and ngl production are calculated at the midpoint of the estimated range for total production . oil gas ngls total ( mmbbls ) ( bcf ) ( mmbbls ) ( mmboe ) .
Table
| oil ( mmbbls ) | gas ( bcf ) | ngls ( mmbbls ) | total ( mmboe )
u.s . onshore | 12 | 626 | 23 | 140
u.s . offshore | 8 | 68 | 1 | 20
canada | 23 | 198 | 4 | 60
international | 23 | 2 | 2014 | 23
total | 66 | 894 | 28 | 243
.
Question:
what percentage of the total oil and gas mmboe comes from canada?
Important information:
table_1: the u.s . onshore of oil ( mmbbls ) is 12 ; the u.s . onshore of gas ( bcf ) is 626 ; the u.s . onshore of ngls ( mmbbls ) is 23 ; the u.s . onshore of total ( mmboe ) is 140 ;
table_3: the canada of oil ( mmbbls ) is 23 ; the canada of gas ( bcf ) is 198 ; the canada of ngls ( mmbbls ) is 4 ; the canada of total ( mmboe ) is 60 ;
table_5: the total of oil ( mmbbls ) is 66 ; the total of gas ( bcf ) is 894 ; the total of ngls ( mmbbls ) is 28 ; the total of total ( mmboe ) is 243 ;
Reasoning Steps:
Step: divide2-1(60, 243) = 0.2469
Step: multiply2-2(#0, const_100) = 24.69
Program:
divide(60, 243), multiply(#0, const_100)
Program (Nested):
multiply(divide(60, 243), const_100)
| finqa157 |
what was the percent of the impairment charges to the net revenue in 2013
Important information:
table_1: ( dollars in millions except per share amounts ) the net revenue of three months ended dec . 282013 is $ 13834 ; the net revenue of three months ended sept . 282013 is $ 13483 ; the net revenue of three months ended change is $ 351 ; the net revenue of three months ended dec . 282013 is $ 52708 ; the net revenue of three months ended dec . 292012 is $ 53341 ; the net revenue of change is $ -633 ( 633 ) ;
table_5: ( dollars in millions except per share amounts ) the net income of three months ended dec . 282013 is $ 2625 ; the net income of three months ended sept . 282013 is $ 2950 ; the net income of three months ended change is $ -325 ( 325 ) ; the net income of three months ended dec . 282013 is $ 9620 ; the net income of three months ended dec . 292012 is $ 11005 ; the net income of change is $ -1385 ( 1385 ) ;
text_24: these actions resulted in restructuring and asset impairment charges of $ 240 million for 2013 .
Reasoning Steps:
Step: divide2-1(240, 52708) = 0.5%
Program:
divide(240, 52708)
Program (Nested):
divide(240, 52708)
| 0.00455 | 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 7 . management 2019s discussion and analysis of financial condition and results of operations our management 2019s discussion and analysis of financial condition and results of operations ( md&a ) is provided in addition to the accompanying consolidated financial statements and notes to assist readers in understanding our results of operations , financial condition , and cash flows . md&a is organized as follows : 2022 overview . discussion of our business and overall analysis of financial and other highlights affecting the company in order to provide context for the remainder of md&a . 2022 critical accounting estimates . accounting estimates that we believe are most important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts . 2022 results of operations . an analysis of our financial results comparing 2013 to 2012 and comparing 2012 to 2022 liquidity and capital resources . an analysis of changes in our balance sheets and cash flows , and discussion of our financial condition and potential sources of liquidity . 2022 fair value of financial instruments . discussion of the methodologies used in the valuation of our financial instruments . 2022 contractual obligations and off-balance-sheet arrangements . overview of contractual obligations , contingent liabilities , commitments , and off-balance-sheet arrangements outstanding as of december 28 , 2013 , including expected payment schedule . the various sections of this md&a contain a number of forward-looking statements that involve a number of risks and uncertainties . words such as 201canticipates , 201d 201cexpects , 201d 201cintends , 201d 201cplans , 201d 201cbelieves , 201d 201cseeks , 201d 201cestimates , 201d 201ccontinues , 201d 201cmay , 201d 201cwill , 201d 201cshould , 201d and variations of such words and similar expressions are intended to identify such forward-looking statements . in addition , any statements that refer to projections of our future financial performance , our anticipated growth and trends in our businesses , uncertain events or assumptions , and other characterizations of future events or circumstances are forward-looking statements . such statements are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this filing and particularly in 201crisk factors 201d in part i , item 1a of this form 10-k . our actual results may differ materially , and these forward-looking statements do not reflect the potential impact of any divestitures , mergers , acquisitions , or other business combinations that had not been completed as of february 14 , 2014 . overview our results of operations for each period were as follows: .
Table
( dollars in millions except per share amounts ) | three months ended dec . 282013 | three months ended sept . 282013 | three months ended change | three months ended dec . 282013 | three months ended dec . 292012 | change
net revenue | $ 13834 | $ 13483 | $ 351 | $ 52708 | $ 53341 | $ -633 ( 633 )
gross margin | $ 8571 | $ 8414 | $ 157 | $ 31521 | $ 33151 | $ -1630 ( 1630 )
gross margin percentage | 62.0% ( 62.0 % ) | 62.4% ( 62.4 % ) | ( 0.4 ) % ( % ) | 59.8% ( 59.8 % ) | 62.1% ( 62.1 % ) | ( 2.3 ) % ( % )
operating income | $ 3549 | $ 3504 | $ 45 | $ 12291 | $ 14638 | $ -2347 ( 2347 )
net income | $ 2625 | $ 2950 | $ -325 ( 325 ) | $ 9620 | $ 11005 | $ -1385 ( 1385 )
diluted earnings per common share | $ 0.51 | $ 0.58 | $ -0.07 ( 0.07 ) | $ 1.89 | $ 2.13 | $ -0.24 ( 0.24 )
revenue for 2013 was down 1% ( 1 % ) from 2012 . pccg experienced lower platform unit sales in the first half of the year , but saw offsetting growth in the back half as the pc market began to show signs of stabilization . dcg continued to benefit from the build out of internet cloud computing and the strength of our product portfolio resulting in increased platform volumes for dcg for the year . higher factory start-up costs for our next-generation 14nm process technology led to a decrease in gross margin compared to 2012 . in response to the current business environment and to better align resources , management approved several restructuring actions including targeted workforce reductions as well as the exit of certain businesses and facilities . these actions resulted in restructuring and asset impairment charges of $ 240 million for 2013 . table of contents .
Question:
what was the percent of the impairment charges to the net revenue in 2013
Important information:
table_1: ( dollars in millions except per share amounts ) the net revenue of three months ended dec . 282013 is $ 13834 ; the net revenue of three months ended sept . 282013 is $ 13483 ; the net revenue of three months ended change is $ 351 ; the net revenue of three months ended dec . 282013 is $ 52708 ; the net revenue of three months ended dec . 292012 is $ 53341 ; the net revenue of change is $ -633 ( 633 ) ;
table_5: ( dollars in millions except per share amounts ) the net income of three months ended dec . 282013 is $ 2625 ; the net income of three months ended sept . 282013 is $ 2950 ; the net income of three months ended change is $ -325 ( 325 ) ; the net income of three months ended dec . 282013 is $ 9620 ; the net income of three months ended dec . 292012 is $ 11005 ; the net income of change is $ -1385 ( 1385 ) ;
text_24: these actions resulted in restructuring and asset impairment charges of $ 240 million for 2013 .
Reasoning Steps:
Step: divide2-1(240, 52708) = 0.5%
Program:
divide(240, 52708)
Program (Nested):
divide(240, 52708)
| finqa158 |
what was the total net change in net fair value of derivatives outstanding at between 2007 and 2008 in thousands?
Important information:
table_1: the net fair value of derivatives outstanding at december 31 2007 of ( thousands of dollars ) is $ 25171 ;
table_3: the fair value of new derivatives entered into during the period of ( thousands of dollars ) is 236772 ;
table_5: the net fair value of derivatives outstanding at december 31 2008 ( a ) of ( thousands of dollars ) is $ 258800 ;
Reasoning Steps:
Step: minus1-1(258800, 25171) = 233629
Program:
subtract(258800, 25171)
Program (Nested):
subtract(258800, 25171)
| 233629.0 | 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:
oneok partners 2019 commodity price risk is estimated as a hypothetical change in the price of ngls , crude oil and natural gas at december 31 , 2008 , excluding the effects of hedging and assuming normal operating conditions . oneok partners 2019 condensate sales are based on the price of crude oil . oneok partners estimates the following : 2022 a $ 0.01 per gallon decrease in the composite price of ngls would decrease annual net margin by approximately $ 1.2 million ; 2022 a $ 1.00 per barrel decrease in the price of crude oil would decrease annual net margin by approximately $ 1.0 million ; and 2022 a $ 0.10 per mmbtu decrease in the price of natural gas would decrease annual net margin by approximately $ 0.6 million . the above estimates of commodity price risk do not include any effects on demand for its services that might be caused by , or arise in conjunction with , price changes . for example , a change in the gross processing spread may cause a change in the amount of ethane extracted from the natural gas stream , impacting gathering and processing margins , ngl exchange revenues , natural gas deliveries , and ngl volumes shipped and fractionated . oneok partners is also exposed to commodity price risk primarily as a result of ngls in storage , the relative values of the various ngl products to each other , the relative value of ngls to natural gas and the relative value of ngl purchases at one location and sales at another location , known as basis risk . oneok partners utilizes fixed-price physical forward contracts to reduce earnings volatility related to ngl price fluctuations . oneok partners has not entered into any financial instruments with respect to its ngl marketing activities . in addition , oneok partners is exposed to commodity price risk as its natural gas interstate and intrastate pipelines collect natural gas from its customers for operations or as part of its fee for services provided . when the amount of natural gas consumed in operations by these pipelines differs from the amount provided by its customers , the pipelines must buy or sell natural gas , or store or use natural gas from inventory , which exposes oneok partners to commodity price risk . at december 31 , 2008 , there were no hedges in place with respect to natural gas price risk from oneok partners 2019 natural gas pipeline business . distribution our distribution segment uses derivative instruments to hedge the cost of anticipated natural gas purchases during the winter heating months to protect their customers from upward volatility in the market price of natural gas . gains or losses associated with these derivative instruments are included in , and recoverable through , the monthly purchased gas cost mechanism . energy services our energy services segment is exposed to commodity price risk , basis risk and price volatility arising from natural gas in storage , requirement contracts , asset management contracts and index-based purchases and sales of natural gas at various market locations . we minimize the volatility of our exposure to commodity price risk through the use of derivative instruments , which , under certain circumstances , are designated as cash flow or fair value hedges . we are also exposed to commodity price risk from fixed-price purchases and sales of natural gas , which we hedge with derivative instruments . both the fixed-price purchases and sales and related derivatives are recorded at fair value . fair value component of the energy marketing and risk management assets and liabilities - the following table sets forth the fair value component of the energy marketing and risk management assets and liabilities , excluding $ 21.0 million of net liabilities from derivative instruments declared as either fair value or cash flow hedges. .
Table
| ( thousands of dollars )
net fair value of derivatives outstanding at december 31 2007 | $ 25171
derivatives reclassified or otherwise settled during the period | -55874 ( 55874 )
fair value of new derivatives entered into during the period | 236772
other changes in fair value | 52731
net fair value of derivatives outstanding at december 31 2008 ( a ) | $ 258800
( a ) - the maturiti es of derivatives are based on inject ion and withdrawal periods from april through m arc h , which is consistent with our business s trategy . the maturities are as fol lows : $ 225.0 mi llion matures through march 2009 , $ 33.9 mi llion matures through march 2012 and $ ( 0.1 ) mil lion matures through march 2014 . fair v alue com ponent of energy m arketing and risk m anagement assets and liabili ti es .
Question:
what was the total net change in net fair value of derivatives outstanding at between 2007 and 2008 in thousands?
Important information:
table_1: the net fair value of derivatives outstanding at december 31 2007 of ( thousands of dollars ) is $ 25171 ;
table_3: the fair value of new derivatives entered into during the period of ( thousands of dollars ) is 236772 ;
table_5: the net fair value of derivatives outstanding at december 31 2008 ( a ) of ( thousands of dollars ) is $ 258800 ;
Reasoning Steps:
Step: minus1-1(258800, 25171) = 233629
Program:
subtract(258800, 25171)
Program (Nested):
subtract(258800, 25171)
| finqa159 |
what was the average net revenue between 2016 and 2017 in millions
Important information:
text_4: amount ( in millions ) .
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: add1-1(1520.5, 1522.6) = 3043.1
Step: divide1-2(#0, const_2) = 1521.55
Program:
add(1520.5, 1522.6), divide(#0, const_2)
Program (Nested):
divide(add(1520.5, 1522.6), const_2)
| 1521.55 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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:
what was the average net revenue between 2016 and 2017 in millions
Important information:
text_4: amount ( in millions ) .
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: add1-1(1520.5, 1522.6) = 3043.1
Step: divide1-2(#0, const_2) = 1521.55
Program:
add(1520.5, 1522.6), divide(#0, const_2)
Program (Nested):
divide(add(1520.5, 1522.6), const_2)
| finqa160 |
what was the percentage change in net fair value of derivatives outstanding at between 2007 and 2008 in thousands?
Important information:
table_1: the net fair value of derivatives outstanding at december 31 2007 of ( thousands of dollars ) is $ 25171 ;
table_3: the fair value of new derivatives entered into during the period of ( thousands of dollars ) is 236772 ;
table_5: the net fair value of derivatives outstanding at december 31 2008 ( a ) of ( thousands of dollars ) is $ 258800 ;
Reasoning Steps:
Step: minus2-1(258800, 25171) = 233629
Step: divide2-2(#0, 25171) = 928%
Program:
subtract(258800, 25171), divide(#0, 25171)
Program (Nested):
divide(subtract(258800, 25171), 25171)
| 9.28167 | 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:
oneok partners 2019 commodity price risk is estimated as a hypothetical change in the price of ngls , crude oil and natural gas at december 31 , 2008 , excluding the effects of hedging and assuming normal operating conditions . oneok partners 2019 condensate sales are based on the price of crude oil . oneok partners estimates the following : 2022 a $ 0.01 per gallon decrease in the composite price of ngls would decrease annual net margin by approximately $ 1.2 million ; 2022 a $ 1.00 per barrel decrease in the price of crude oil would decrease annual net margin by approximately $ 1.0 million ; and 2022 a $ 0.10 per mmbtu decrease in the price of natural gas would decrease annual net margin by approximately $ 0.6 million . the above estimates of commodity price risk do not include any effects on demand for its services that might be caused by , or arise in conjunction with , price changes . for example , a change in the gross processing spread may cause a change in the amount of ethane extracted from the natural gas stream , impacting gathering and processing margins , ngl exchange revenues , natural gas deliveries , and ngl volumes shipped and fractionated . oneok partners is also exposed to commodity price risk primarily as a result of ngls in storage , the relative values of the various ngl products to each other , the relative value of ngls to natural gas and the relative value of ngl purchases at one location and sales at another location , known as basis risk . oneok partners utilizes fixed-price physical forward contracts to reduce earnings volatility related to ngl price fluctuations . oneok partners has not entered into any financial instruments with respect to its ngl marketing activities . in addition , oneok partners is exposed to commodity price risk as its natural gas interstate and intrastate pipelines collect natural gas from its customers for operations or as part of its fee for services provided . when the amount of natural gas consumed in operations by these pipelines differs from the amount provided by its customers , the pipelines must buy or sell natural gas , or store or use natural gas from inventory , which exposes oneok partners to commodity price risk . at december 31 , 2008 , there were no hedges in place with respect to natural gas price risk from oneok partners 2019 natural gas pipeline business . distribution our distribution segment uses derivative instruments to hedge the cost of anticipated natural gas purchases during the winter heating months to protect their customers from upward volatility in the market price of natural gas . gains or losses associated with these derivative instruments are included in , and recoverable through , the monthly purchased gas cost mechanism . energy services our energy services segment is exposed to commodity price risk , basis risk and price volatility arising from natural gas in storage , requirement contracts , asset management contracts and index-based purchases and sales of natural gas at various market locations . we minimize the volatility of our exposure to commodity price risk through the use of derivative instruments , which , under certain circumstances , are designated as cash flow or fair value hedges . we are also exposed to commodity price risk from fixed-price purchases and sales of natural gas , which we hedge with derivative instruments . both the fixed-price purchases and sales and related derivatives are recorded at fair value . fair value component of the energy marketing and risk management assets and liabilities - the following table sets forth the fair value component of the energy marketing and risk management assets and liabilities , excluding $ 21.0 million of net liabilities from derivative instruments declared as either fair value or cash flow hedges. .
Table
| ( thousands of dollars )
net fair value of derivatives outstanding at december 31 2007 | $ 25171
derivatives reclassified or otherwise settled during the period | -55874 ( 55874 )
fair value of new derivatives entered into during the period | 236772
other changes in fair value | 52731
net fair value of derivatives outstanding at december 31 2008 ( a ) | $ 258800
( a ) - the maturiti es of derivatives are based on inject ion and withdrawal periods from april through m arc h , which is consistent with our business s trategy . the maturities are as fol lows : $ 225.0 mi llion matures through march 2009 , $ 33.9 mi llion matures through march 2012 and $ ( 0.1 ) mil lion matures through march 2014 . fair v alue com ponent of energy m arketing and risk m anagement assets and liabili ti es .
Question:
what was the percentage change in net fair value of derivatives outstanding at between 2007 and 2008 in thousands?
Important information:
table_1: the net fair value of derivatives outstanding at december 31 2007 of ( thousands of dollars ) is $ 25171 ;
table_3: the fair value of new derivatives entered into during the period of ( thousands of dollars ) is 236772 ;
table_5: the net fair value of derivatives outstanding at december 31 2008 ( a ) of ( thousands of dollars ) is $ 258800 ;
Reasoning Steps:
Step: minus2-1(258800, 25171) = 233629
Step: divide2-2(#0, 25171) = 928%
Program:
subtract(258800, 25171), divide(#0, 25171)
Program (Nested):
divide(subtract(258800, 25171), 25171)
| finqa161 |
what is the growth of the additions in comparison with the growth of the deductions during 2003 and 2004?
Important information:
table_2: balance december 31 2002 the deductions during period 2014disposition and retirements of property of $ 450697000 is -4645000 ( 4645000 ) ;
table_5: balance december 31 2002 the deductions during period 2014disposition and retirements of property of $ 450697000 is -1390000 ( 1390000 ) ;
table_8: balance december 31 2002 the deductions during period 2014disposition and retirements of property of $ 450697000 is -15244000 ( 15244000 ) ;
Reasoning Steps:
Step: divide1-1(82551000, 68125000) = 1.21
Step: minus1-2(#0, const_1) = 21%
Step: divide1-3(1390000, 4645000) = 0.29
Step: minus1-4(#2, const_1) = -71%
Step: minus1-5(#1, #3) = 92%
Program:
divide(82551000, 68125000), subtract(#0, const_1), divide(1390000, 4645000), subtract(#2, const_1), subtract(#1, #3)
Program (Nested):
subtract(subtract(divide(82551000, 68125000), const_1), subtract(divide(1390000, 4645000), const_1))
| 0.91251 | 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:
federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2005 reconciliation of accumulated depreciation and amortization .
Table
balance december 31 2002 | $ 450697000
additions during period 2014depreciation and amortization expense | 68125000
deductions during period 2014disposition and retirements of property | -4645000 ( 4645000 )
balance december 31 2003 | 514177000
additions during period 2014depreciation and amortization expense | 82551000
deductions during period 2014disposition and retirements of property | -1390000 ( 1390000 )
balance december 31 2004 | 595338000
additions during period 2014depreciation and amortization expense | 83656000
deductions during period 2014disposition and retirements of property | -15244000 ( 15244000 )
balance december 31 2005 | $ 663750000
.
Question:
what is the growth of the additions in comparison with the growth of the deductions during 2003 and 2004?
Important information:
table_2: balance december 31 2002 the deductions during period 2014disposition and retirements of property of $ 450697000 is -4645000 ( 4645000 ) ;
table_5: balance december 31 2002 the deductions during period 2014disposition and retirements of property of $ 450697000 is -1390000 ( 1390000 ) ;
table_8: balance december 31 2002 the deductions during period 2014disposition and retirements of property of $ 450697000 is -15244000 ( 15244000 ) ;
Reasoning Steps:
Step: divide1-1(82551000, 68125000) = 1.21
Step: minus1-2(#0, const_1) = 21%
Step: divide1-3(1390000, 4645000) = 0.29
Step: minus1-4(#2, const_1) = -71%
Step: minus1-5(#1, #3) = 92%
Program:
divide(82551000, 68125000), subtract(#0, const_1), divide(1390000, 4645000), subtract(#2, const_1), subtract(#1, #3)
Program (Nested):
subtract(subtract(divide(82551000, 68125000), const_1), subtract(divide(1390000, 4645000), const_1))
| finqa162 |
5 development costs incurred during the period 1654 1251 1030
Important information:
table_4: ( in millions ) the development costs incurred during the period of 2007 is 1654 ; the development costs incurred during the period of 2006 is 1251 ; the development costs incurred during the period of 2005 is 1030 ;
table_5: ( in millions ) the changes in estimated future development costs of 2007 is -1727 ( 1727 ) ; the changes in estimated future development costs of 2006 is -527 ( 527 ) ; the changes in estimated future development costs of 2005 is -552 ( 552 ) ;
table_13: ( in millions ) the end of year of 2007 is $ 13495 ; the end of year of 2006 is $ 8518 ; the end of year of 2005 is $ 10601 ;
Reasoning Steps:
Step: average1-1(development costs incurred during the period, none) = 1311.7
Program:
table_average(development costs incurred during the period, none)
Program (Nested):
table_average(development costs incurred during the period, none)
| 1311.66667 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
supplementary information on oil and gas producing activities ( unaudited ) c o n t i n u e d summary of changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves ( in millions ) 2007 2006 2005 sales and transfers of oil and gas produced , net of production , transportation and administrative costs $ ( 4887 ) $ ( 5312 ) $ ( 3754 ) net changes in prices and production , transportation and administrative costs related to future production 12845 ( 1342 ) 6648 .
Table
( in millions ) | 2007 | 2006 | 2005
sales and transfers of oil and gas produced net of production transportation and administrative costs | $ -4887 ( 4887 ) | $ -5312 ( 5312 ) | $ -3754 ( 3754 )
net changes in prices and production transportation and administrative costs related to future production | 12845 | -1342 ( 1342 ) | 6648
extensions discoveries and improved recovery less related costs | 1816 | 1290 | 700
development costs incurred during the period | 1654 | 1251 | 1030
changes in estimated future development costs | -1727 ( 1727 ) | -527 ( 527 ) | -552 ( 552 )
revisions of previous quantity estimates | 290 | 1319 | 820
net changes in purchases and sales of minerals in place | 23 | 30 | 4557
accretion of discount | 1726 | 1882 | 1124
net change in income taxes | -6751 ( 6751 ) | -660 ( 660 ) | -6694 ( 6694 )
timing and other | -12 ( 12 ) | -14 ( 14 ) | 307
net change for the year | 4977 | -2083 ( 2083 ) | 4186
beginning of year | 8518 | 10601 | 6415
end of year | $ 13495 | $ 8518 | $ 10601
net change for the year from discontinued operations | $ 2013 | $ -216 ( 216 ) | $ 162
.
Question:
5 development costs incurred during the period 1654 1251 1030
Important information:
table_4: ( in millions ) the development costs incurred during the period of 2007 is 1654 ; the development costs incurred during the period of 2006 is 1251 ; the development costs incurred during the period of 2005 is 1030 ;
table_5: ( in millions ) the changes in estimated future development costs of 2007 is -1727 ( 1727 ) ; the changes in estimated future development costs of 2006 is -527 ( 527 ) ; the changes in estimated future development costs of 2005 is -552 ( 552 ) ;
table_13: ( in millions ) the end of year of 2007 is $ 13495 ; the end of year of 2006 is $ 8518 ; the end of year of 2005 is $ 10601 ;
Reasoning Steps:
Step: average1-1(development costs incurred during the period, none) = 1311.7
Program:
table_average(development costs incurred during the period, none)
Program (Nested):
table_average(development costs incurred during the period, none)
| finqa163 |
what was the percentage change in the unrecognized tax benefits from 2014 to 2015?
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: minus1-1(373, 394) = -21
Step: divide1-2(#0, 394) = -5%
Program:
subtract(373, 394), divide(#0, 394)
Program (Nested):
divide(subtract(373, 394), 394)
| -0.0533 | 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 2014 to 2015?
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: minus1-1(373, 394) = -21
Step: divide1-2(#0, 394) = -5%
Program:
subtract(373, 394), divide(#0, 394)
Program (Nested):
divide(subtract(373, 394), 394)
| finqa164 |
what were the remaining mondovi net assets acquired following the sale of certain excess assets from the deal , in thousands?
Important information:
table_9: current assets the net assets acquired of $ 513782 is $ 1042661 ;
text_21: the company realized net proceeds of $ 170.8 million from the sale of these assets during the year ended february 28 , 2006 .
text_28: total consideration paid in cash and class a common stock to the hardy shareholders was $ 1137.4 million .
Reasoning Steps:
Step: minus1-1(1042661, 170.8) = 1042490.2
Program:
subtract(1042661, 170.8)
Program (Nested):
subtract(1042661, 170.8)
| 1042490.2 | 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:
c o n s t e l l a t i o n b r a n d s , i n c . baroness philippine de rothschild announced an agree- ment to maintain equal ownership of opus one . opus one produces fine wines at its napa valley winery . the acquisition of robert mondavi supports the com- pany 2019s strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the premium , super-premium and fine wine categories . the company believes that the acquired robert mondavi brand names have strong brand recognition globally . the vast majority of sales from these brands are generated in the united states . the company is leveraging the robert mondavi brands in the united states through its selling , marketing and distribution infrastructure . the company also intends to further expand distribution for the robert mondavi brands in europe through its constellation europe infrastructure . the robert mondavi acquisition supports the com- pany 2019s strategy of growth and breadth across categories and geographies , and strengthens its competitive position in its core markets . the robert mondavi acquisition provides the company with a greater presence in the growing premium , super-premium and fine wine sectors within the united states and the ability to capitalize on the broader geographic distribution in strategic international markets . in particular , the company believes there are growth opportunities for premium , super-premium and fine wines in the united kingdom and other 201cnew world 201d wine markets . total con- sideration paid in cash to the robert mondavi shareholders was $ 1030.7 million . additionally , the company incurred direct acquisition costs of $ 12.0 million . the purchase price was financed with borrowings under the company 2019s 2004 credit agreement ( as defined in note 9 ) . in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition . the purchase price was based primarily on the estimated future operating results of the robert mondavi business , including the factors described above , as well as an estimated benefit from operating cost synergies . the results of operations of the robert mondavi busi- ness are reported in the constellation wines segment and have been included in the consolidated statements of income since the acquisition date . the following table summarizes the fair values of the assets acquired and liabilities assumed in the robert mondavi acquisition at the date of acquisition , as adjusted for the final appraisal : ( in thousands ) .
Table
current assets | $ 513782
property plant and equipment | 438140
other assets | 124450
trademarks | 138000
goodwill | 634203
total assets acquired | 1848575
current liabilities | 310919
long-term liabilities | 494995
total liabilities assumed | 805914
net assets acquired | $ 1042661
the trademarks are not subject to amortization . none of the goodwill is expected to be deductible for tax purposes . following the robert mondavi acquisition , the company sold certain of the acquired vineyard properties and related assets , investments accounted for under the equity method , and other winery properties and related assets , during the years ended february 28 , 2006 , and february 28 , 2005 . the company realized net proceeds of $ 170.8 million from the sale of these assets during the year ended february 28 , 2006 . amounts realized during the year ended february 28 , 2005 , were not material . no gain or loss has been recognized upon the sale of these assets . hardy acquisition 2013 on march 27 , 2003 , the company acquired control of brl hardy limited , now known as hardy wine company limited ( 201chardy 201d ) , and on april 9 , 2003 , the company completed its acquisition of all of hardy 2019s outstanding capital stock . as a result of the acquisi- tion of hardy , the company also acquired the remaining 50% ( 50 % ) ownership of pacific wine partners llc ( 201cpwp 201d ) , the joint venture the company established with hardy in july 2001 . the acquisition of hardy along with the remaining interest in pwp is referred to together as the 201chardy acquisition . 201d through this acquisition , the company acquired one of australia 2019s largest wine producers with interests in wineries and vineyards in most of australia 2019s major wine regions as well as new zealand and the united states and hardy 2019s marketing and sales operations in the united kingdom . in october 2005 , pwp was merged into another subsidiary of the company . total consideration paid in cash and class a common stock to the hardy shareholders was $ 1137.4 million . additionally , the company recorded direct acquisition costs of $ 17.2 million . the acquisition date for accounting pur- poses is march 27 , 2003 . the company has recorded a $ 1.6 million reduction in the purchase price to reflect imputed interest between the accounting acquisition date and the final payment of consideration . this charge is included as interest expense in the consolidated statement of income for the year ended february 29 , 2004 . the cash portion of the purchase price paid to the hardy shareholders and optionholders ( $ 1060.2 million ) was financed with $ 660.2 million of borrowings under the company 2019s then existing credit agreement and $ 400.0 million of borrowings under the company 2019s then existing bridge loan agreement . addi- tionally , the company issued 6577826 shares of the com- pany 2019s class a common stock , which were valued at $ 77.2 million based on the simple average of the closing market price of the company 2019s class a common stock beginning two days before and ending two days after april 4 , 2003 , the day the hardy shareholders elected the form of consid- eration they wished to receive . the purchase price was based primarily on a discounted cash flow analysis that contemplated , among other things , the value of a broader geographic distribution in strategic international markets and a presence in the important australian winemaking regions . the company and hardy have complementary businesses that share a common growth orientation and operating philosophy . the hardy acquisition supports the company 2019s strategy of growth and breadth across categories .
Question:
what were the remaining mondovi net assets acquired following the sale of certain excess assets from the deal , in thousands?
Important information:
table_9: current assets the net assets acquired of $ 513782 is $ 1042661 ;
text_21: the company realized net proceeds of $ 170.8 million from the sale of these assets during the year ended february 28 , 2006 .
text_28: total consideration paid in cash and class a common stock to the hardy shareholders was $ 1137.4 million .
Reasoning Steps:
Step: minus1-1(1042661, 170.8) = 1042490.2
Program:
subtract(1042661, 170.8)
Program (Nested):
subtract(1042661, 170.8)
| finqa165 |
what percentage of major facilities by square footage are owned as of december 28 , 2013?
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: divide1-1(46.6, 54.9) = 85%
Program:
divide(46.6, 54.9)
Program (Nested):
divide(46.6, 54.9)
| 0.84882 | 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 percentage of major facilities by square footage are owned as of december 28 , 2013?
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: divide1-1(46.6, 54.9) = 85%
Program:
divide(46.6, 54.9)
Program (Nested):
divide(46.6, 54.9)
| finqa166 |
what was the percentage cumulative 5-year total stockholder return for cadence design systems inc . for the five years ended 12/29/2012?
Important information:
text_2: 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 .
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 ;
Reasoning Steps:
Step: minus1-1(78.92, const_100) = -21.08
Step: divide1-2(#0, const_100) = -21.08%
Program:
subtract(78.92, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(78.92, const_100), const_100)
| -0.2108 | 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 was the percentage cumulative 5-year total stockholder return for cadence design systems inc . for the five years ended 12/29/2012?
Important information:
text_2: 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 .
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 ;
Reasoning Steps:
Step: minus1-1(78.92, const_100) = -21.08
Step: divide1-2(#0, const_100) = -21.08%
Program:
subtract(78.92, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(78.92, const_100), const_100)
| finqa167 |
what are the total amount of net tangible assets obtained through the acquisition?
Important information:
table_2: cash the acquired technology of $ 45826 is 27954 ;
table_7: cash the total identifiable net assets of $ 45826 is 62154 ;
table_9: cash the total purchase consideration of $ 45826 is $ 265982 ;
Key Information: the estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : .
Reasoning Steps:
Step: minus2-1(265982, 203828) = 62154
Program:
subtract(265982, 203828)
Program (Nested):
subtract(265982, 203828)
| 62154.0 | 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 estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : .
Table
cash | $ 45826
customer-related intangible assets | 42721
acquired technology | 27954
trade name | 2901
other assets | 2337
deferred income tax assets ( liabilities ) | -9788 ( 9788 )
other liabilities | -49797 ( 49797 )
total identifiable net assets | 62154
goodwill | 203828
total purchase consideration | $ 265982
goodwill of $ 203.8 million arising from the acquisition , included in the asia-pacific segment , was attributable to expected growth opportunities in australia and new zealand , as well as growth opportunities and operating synergies in integrated payments in our existing asia-pacific and north america markets . goodwill associated with this acquisition is not deductible for income tax purposes . the customer-related intangible assets have an estimated amortization period of 15 years . the acquired technology has an estimated amortization period of 15 years . the trade name has an estimated amortization period of 5 years . note 3 2014 settlement processing assets and obligations funds settlement refers to the process of transferring funds for sales and credits between card issuers and merchants . for transactions processed on our systems , we use our internal network to provide funding instructions to financial institutions that in turn fund the merchants . we process funds settlement under two models , a sponsorship model and a direct membership model . under the sponsorship model , we are designated as a merchant service provider by mastercard and an independent sales organization by visa , which means that member clearing banks ( 201cmember 201d ) sponsor us and require our adherence to the standards of the payment networks . in certain markets , we have sponsorship or depository and clearing agreements with financial institution sponsors . these agreements allow us to route transactions under the members 2019 control and identification numbers to clear credit card transactions through mastercard and visa . in this model , the standards of the payment networks restrict us from performing funds settlement or accessing merchant settlement funds , and , instead , require that these funds be in the possession of the member until the merchant is funded . under the direct membership model , we are members in various payment networks , allowing us to process and fund transactions without third-party sponsorship . in this model , we route and clear transactions directly through the card brand 2019s network and are not restricted from performing funds settlement . otherwise , we process these transactions similarly to how we process transactions in the sponsorship model . we are required to adhere to the standards of the payment networks in which we are direct members . we maintain relationships with financial institutions , which may also serve as our member sponsors for other card brands or in other markets , to assist with funds settlement . timing differences , interchange fees , merchant reserves and exception items cause differences between the amount received from the payment networks and the amount funded to the merchants . these intermediary balances arising in our settlement process for direct merchants are reflected as settlement processing assets and obligations on our consolidated balance sheets . settlement processing assets and obligations include the components outlined below : 2022 interchange reimbursement . our receivable from merchants for the portion of the discount fee related to reimbursement of the interchange fee . global payments inc . | 2017 form 10-k annual report 2013 77 .
Question:
what are the total amount of net tangible assets obtained through the acquisition?
Important information:
table_2: cash the acquired technology of $ 45826 is 27954 ;
table_7: cash the total identifiable net assets of $ 45826 is 62154 ;
table_9: cash the total purchase consideration of $ 45826 is $ 265982 ;
Key Information: the estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : .
Reasoning Steps:
Step: minus2-1(265982, 203828) = 62154
Program:
subtract(265982, 203828)
Program (Nested):
subtract(265982, 203828)
| finqa168 |
what was the percentage change in the amortized cost in 2009
Important information:
table_2: ( in millions ) the amortized cost of 2009 is 74843 ; the amortized cost of 2008 is 60786 ;
table_4: ( in millions ) the net unrealized loss after-tax of 2009 is $ -1316 ( 1316 ) ; the net unrealized loss after-tax of 2008 is $ -4057 ( 4057 ) ;
text_1: the above net unrealized loss amounts at december 31 , 2009 and december 31 , 2008 excluded the remaining net unrealized loss of $ 1.01 billion , or $ 635 million after-tax , and $ 2.27 billion , or $ 1.39 billion after- tax , respectively , related to reclassifications of securities available for sale to securities held to maturity .
Reasoning Steps:
Step: minus1-1(74843, 60786) = 14057
Step: divide1-2(#0, 60786) = 23.1%
Program:
subtract(74843, 60786), divide(#0, 60786)
Program (Nested):
divide(subtract(74843, 60786), 60786)
| 0.23125 | 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:
impairment net unrealized losses on securities available for sale were as follows as of december 31: .
Table
( in millions ) | 2009 | 2008
fair value | $ 72699 | $ 54163
amortized cost | 74843 | 60786
net unrealized loss pre-tax | $ -2144 ( 2144 ) | $ -6623 ( 6623 )
net unrealized loss after-tax | $ -1316 ( 1316 ) | $ -4057 ( 4057 )
the above net unrealized loss amounts at december 31 , 2009 and december 31 , 2008 excluded the remaining net unrealized loss of $ 1.01 billion , or $ 635 million after-tax , and $ 2.27 billion , or $ 1.39 billion after- tax , respectively , related to reclassifications of securities available for sale to securities held to maturity . these after-tax amounts are recorded in other comprehensive income . the decline in the remaining after-tax unrealized loss amounts related to transferred securities resulted from amortization and from the recognition of losses from other-than-temporary impairment on certain of the securities . we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists . to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component . the credit component is recognized in our consolidated statement of income , and the non-credit component is recognized in other comprehensive income to the extent that management does not intend to sell the security ( see note 3 of the notes to consolidated financial statements included under item 8 ) . the assessment of other-than-temporary impairment involves an evaluation of economic and security- specific factors , which are more fully described in note 3 . such factors are based upon estimates , derived by management , which contemplate current market conditions and security-specific performance . to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular the credit component that would be recognized in our consolidated statement of income . national housing prices , according to the case-shiller national hpi , have declined to date approximately 30% ( 30 % ) peak-to-current . management currently estimates that national housing prices will continue to decline and bottom out during the second half of 2010 , consistent with a peak-to-trough housing price decline of approximately 37% ( 37 % ) . as an indication of the sensitivity of our portfolio with respect to our more significant assumptions underlying our assessment of impairment , if we were to increase our default estimates to 110% ( 110 % ) of management 2019s current expectations with a corresponding slowing of prepayment speeds to 90% ( 90 % ) of management 2019s current expectations , credit-related other-than-temporary impairment could increase by approximately $ 120 million to $ 125 million , which impairment would be recorded in our consolidated statement of income . excluding the securities for which other-than-temporary impairment was recorded , management considers the aggregate decline in fair value of the remaining securities and the resulting net unrealized losses to be temporary and not the result of any material changes in the credit characteristics of the securities . additional information about our assessment of impairment is provided in note 3 of the notes to consolidated financial statements included under item 8. .
Question:
what was the percentage change in the amortized cost in 2009
Important information:
table_2: ( in millions ) the amortized cost of 2009 is 74843 ; the amortized cost of 2008 is 60786 ;
table_4: ( in millions ) the net unrealized loss after-tax of 2009 is $ -1316 ( 1316 ) ; the net unrealized loss after-tax of 2008 is $ -4057 ( 4057 ) ;
text_1: the above net unrealized loss amounts at december 31 , 2009 and december 31 , 2008 excluded the remaining net unrealized loss of $ 1.01 billion , or $ 635 million after-tax , and $ 2.27 billion , or $ 1.39 billion after- tax , respectively , related to reclassifications of securities available for sale to securities held to maturity .
Reasoning Steps:
Step: minus1-1(74843, 60786) = 14057
Step: divide1-2(#0, 60786) = 23.1%
Program:
subtract(74843, 60786), divide(#0, 60786)
Program (Nested):
divide(subtract(74843, 60786), 60786)
| finqa169 |
what is the long-term retail/hnw in emea as a percentage of the total long-term retail/hnw?
Important information:
text_0: retail and hnw investors ( excluding investments in ishares ) retail / hnw long-term aum by asset class & client region december 31 , 2012 ( dollar amounts in millions ) americas emea asia-pacific total .
table_5: ( dollar amounts in millions ) the long-term retail/hnw of americas is $ 298024 ; the long-term retail/hnw of emea is $ 77699 ; the long-term retail/hnw of asia-pacific is $ 27761 ; the long-term retail/hnw of total is $ 403484 ;
text_13: u.s .
Reasoning Steps:
Step: divide2-1(77699, 403484) = 19.3%
Program:
divide(77699, 403484)
Program (Nested):
divide(77699, 403484)
| 0.19257 | 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:
retail and hnw investors ( excluding investments in ishares ) retail / hnw long-term aum by asset class & client region december 31 , 2012 ( dollar amounts in millions ) americas emea asia-pacific total .
Table
( dollar amounts in millions ) | americas | emea | asia-pacific | total
equity | $ 94805 | $ 53140 | $ 16803 | $ 164748
fixed income | 121640 | 11444 | 5341 | 138425
multi-asset class | 76714 | 9538 | 4374 | 90626
alternatives | 4865 | 3577 | 1243 | 9685
long-term retail/hnw | $ 298024 | $ 77699 | $ 27761 | $ 403484
blackrock serves retail and hnw investors globally through separate accounts , open-end and closed-end funds , unit trusts and private investment funds . at december 31 , 2012 , long-term assets managed for retail and hnw investors totaled $ 403.5 billion , up 11% ( 11 % ) , or $ 40.1 billion , versus year-end 2011 . during the year , net inflows of $ 11.6 billion in long-term products were augmented by market valuation improvements of $ 28.3 billion . retail and hnw investors are served principally through intermediaries , including broker-dealers , banks , trust companies , insurance companies and independent financial advisors . clients invest primarily in mutual funds , which totaled $ 322.4 billion , or 80% ( 80 % ) , of retail and hnw long-term aum at year-end , with the remainder invested in private investment funds and separately managed accounts . the product mix is well diversified , with 41% ( 41 % ) of long-term aum in equities , 34% ( 34 % ) in fixed income , 23% ( 23 % ) in multi-asset class and 2% ( 2 % ) in alternatives . the vast majority ( 98% ( 98 % ) ) of long-term aum is invested in active products , although this is partially inflated by the fact that ishares is shown separately , since we do not identify all of the underlying investors . the client base is also diversified geographically , with 74% ( 74 % ) of long-term aum managed for investors based in the americas , 19% ( 19 % ) in emea and 7% ( 7 % ) in asia-pacific at year- end 2012 . 2022 u.s . retail and hnw long-term inflows of $ 9.8 billion were driven by strong demand for u.s . sector- specialty and municipal fixed income mutual fund offerings and income-oriented equity . in 2012 , we broadened the distribution of alternatives funds to bring higher alpha , institutional quality hedge fund products to retail investors as three mutual funds launched at the end of 2011 gained traction and acceptance , raising close to $ 0.8 billion of assets . u.s . retail alternatives aum crossed the $ 5.0 billion threshold in 2012 . the year also included the launch of the blackrock municipal target term trust ( 201cbtt 201d ) with $ 2.1 billion of assets raised , making it the largest municipal fund ever launched and the largest overall industry offering since 2007 . we are the leading u.s . manager by aum of separately managed accounts , the second largest closed-end fund manager and a top-ten manager of long-term open-end mutual funds2 . 2022 international retail net inflows of $ 1.8 billion in 2012 were driven by fixed income net inflows of $ 5.2 billion . investor demand remained distinctly risk-off in 2012 , largely driven by macro political and economic instability and continued trends toward de-risking . equity net outflows of $ 2.9 billion were predominantly from sector-specific and regional and country- specific equity strategies due to uncertainty in european markets . our international retail and hnw offerings include our luxembourg cross-border fund families , blackrock global funds ( 201cbgf 201d ) , blackrock strategic funds with $ 83.1 billion and $ 2.4 billion of aum at year-end 2012 , respectively , and a range of retail funds in the united kingdom . bgf contained 67 funds registered in 35 jurisdictions at year-end 2012 . over 60% ( 60 % ) of the funds were rated by s&p . in 2012 , we were ranked as the third largest cross border fund provider3 . in the united kingdom , we ranked among the five largest fund managers3 , and are known for our innovative product offerings , especially within natural resources , european equity , asian equity and equity income . global clientele our footprint in each of these regions reflects strong relationships with intermediaries and an established ability to deliver our global investment expertise in funds and other products tailored to local regulations and requirements . 2 simfund , cerulli 3 lipper feri .
Question:
what is the long-term retail/hnw in emea as a percentage of the total long-term retail/hnw?
Important information:
text_0: retail and hnw investors ( excluding investments in ishares ) retail / hnw long-term aum by asset class & client region december 31 , 2012 ( dollar amounts in millions ) americas emea asia-pacific total .
table_5: ( dollar amounts in millions ) the long-term retail/hnw of americas is $ 298024 ; the long-term retail/hnw of emea is $ 77699 ; the long-term retail/hnw of asia-pacific is $ 27761 ; the long-term retail/hnw of total is $ 403484 ;
text_13: u.s .
Reasoning Steps:
Step: divide2-1(77699, 403484) = 19.3%
Program:
divide(77699, 403484)
Program (Nested):
divide(77699, 403484)
| finqa170 |
what was the ratio of the 2017 total long term debt to 2016
Important information:
table_7: ( $ in millions ) the total long-term debt of december 31 2017 is 1279 ; the total long-term debt of december 31 2016 is 1278 ;
text_8: the credit facility includes a revolving credit facility of $ 1250 million , which may be drawn upon during a period of five years from november 22 , 2017 .
text_20: interest on the company's senior notes is payable semi-annually .
Reasoning Steps:
Step: divide1-1(1279, 1278) = 1
Program:
divide(1279, 1278)
Program (Nested):
divide(1279, 1278)
| 1.00078 | 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:
as of december 31 , 2017 , the company had gross state income tax credit carry-forwards of approximately $ 20 million , which expire from 2018 through 2020 . a deferred tax asset of approximately $ 16 million ( net of federal benefit ) has been established related to these state income tax credit carry-forwards , with a valuation allowance of $ 7 million against such deferred tax asset as of december 31 , 2017 . the company had a gross state net operating loss carry-forward of $ 39 million , which expires in 2027 . a deferred tax asset of approximately $ 3 million ( net of federal benefit ) has been established for the net operating loss carry-forward , with a full valuation allowance as of december 31 , 2017 . other state and foreign net operating loss carry-forwards are separately and cumulatively immaterial to the company 2019s deferred tax balances and expire between 2026 and 2036 . 14 . debt long-term debt consisted of the following: .
Table
( $ in millions ) | december 31 2017 | december 31 2016
senior notes due december 15 2021 5.000% ( 5.000 % ) | 2014 | 600
senior notes due november 15 2025 5.000% ( 5.000 % ) | 600 | 600
senior notes due december 1 2027 3.483% ( 3.483 % ) | 600 | 2014
mississippi economic development revenue bonds due may 1 2024 7.81% ( 7.81 % ) | 84 | 84
gulf opportunity zone industrial development revenue bonds due december 1 2028 4.55% ( 4.55 % ) | 21 | 21
less unamortized debt issuance costs | -26 ( 26 ) | -27 ( 27 )
total long-term debt | 1279 | 1278
credit facility - in november 2017 , the company terminated its second amended and restated credit agreement and entered into a new credit agreement ( the "credit facility" ) with third-party lenders . the credit facility includes a revolving credit facility of $ 1250 million , which may be drawn upon during a period of five years from november 22 , 2017 . the revolving credit facility includes a letter of credit subfacility of $ 500 million . the revolving credit facility has a variable interest rate on outstanding borrowings based on the london interbank offered rate ( "libor" ) plus a spread based upon the company's credit rating , which may vary between 1.125% ( 1.125 % ) and 1.500% ( 1.500 % ) . the revolving credit facility also has a commitment fee rate on the unutilized balance based on the company 2019s leverage ratio . the commitment fee rate as of december 31 , 2017 was 0.25% ( 0.25 % ) and may vary between 0.20% ( 0.20 % ) and 0.30% ( 0.30 % ) . the credit facility contains customary affirmative and negative covenants , as well as a financial covenant based on a maximum total leverage ratio . each of the company's existing and future material wholly owned domestic subsidiaries , except those that are specifically designated as unrestricted subsidiaries , are and will be guarantors under the credit facility . in july 2015 , the company used cash on hand to repay all amounts outstanding under a prior credit facility , including $ 345 million in principal amount of outstanding term loans . as of december 31 , 2017 , $ 15 million in letters of credit were issued but undrawn , and the remaining $ 1235 million of the revolving credit facility was unutilized . the company had unamortized debt issuance costs associated with its credit facilities of $ 11 million and $ 8 million as of december 31 , 2017 and 2016 , respectively . senior notes - in december 2017 , the company issued $ 600 million aggregate principal amount of unregistered 3.483% ( 3.483 % ) senior notes with registration rights due december 2027 , the net proceeds of which were used to repurchase the company's 5.000% ( 5.000 % ) senior notes due in 2021 in connection with the 2017 redemption described below . in november 2015 , the company issued $ 600 million aggregate principal amount of unregistered 5.000% ( 5.000 % ) senior notes due november 2025 , the net proceeds of which were used to repurchase the company's 7.125% ( 7.125 % ) senior notes due in 2021 in connection with the 2015 tender offer and redemption described below . interest on the company's senior notes is payable semi-annually . the terms of the 5.000% ( 5.000 % ) and 3.483% ( 3.483 % ) senior notes limit the company 2019s ability and the ability of certain of its subsidiaries to create liens , enter into sale and leaseback transactions , sell assets , and effect consolidations or mergers . the company had unamortized debt issuance costs associated with the senior notes of $ 15 million and $ 19 million as of december 31 , 2017 and 2016 , respectively. .
Question:
what was the ratio of the 2017 total long term debt to 2016
Important information:
table_7: ( $ in millions ) the total long-term debt of december 31 2017 is 1279 ; the total long-term debt of december 31 2016 is 1278 ;
text_8: the credit facility includes a revolving credit facility of $ 1250 million , which may be drawn upon during a period of five years from november 22 , 2017 .
text_20: interest on the company's senior notes is payable semi-annually .
Reasoning Steps:
Step: divide1-1(1279, 1278) = 1
Program:
divide(1279, 1278)
Program (Nested):
divide(1279, 1278)
| finqa171 |
what is the percentage change in in the pension liability balance from 2004 to 2006?
Important information:
table_1: the balance as of october 1 2004 of pension adjustments is $ -786 ( 786 ) ; the balance as of october 1 2004 of accumulated other comprehensive loss is $ -786 ( 786 ) ;
table_3: the balance as of september 30 2005 of pension adjustments is -1137 ( 1137 ) ; the balance as of september 30 2005 of accumulated other comprehensive loss is -1137 ( 1137 ) ;
table_5: the balance as of september 29 2006 of pension adjustments is $ -599 ( 599 ) ; the balance as of september 29 2006 of accumulated other comprehensive loss is $ -599 ( 599 ) ;
Reasoning Steps:
Step: divide2-1(351, 786) = 44.7%
Program:
divide(351, 786)
Program (Nested):
divide(351, 786)
| 0.44656 | 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 ) on historical trends and known economic and market conditions at the time of valuation . actual results may differ substantially from these assumptions . these differences may significantly impact future pension or retiree medical expenses . annual pension and retiree medical expense is principally the sum of three components : 1 ) increase in liability from interest ; less 2 ) expected return on plan assets ; and 3 ) other gains and losses as described below . the expected return on plan assets is calculated by applying an assumed long-term rate of return to the fair value of plan assets . in any given year , actual returns can differ significantly from the expected return . differences between the actual and expected return on plan assets are combined with gains or losses resulting from the revaluation of plan liabilities . plan liabilities are revalued annually , based on updated assumptions and infor- mation about the individuals covered by the plan . the combined gain or loss is generally expensed evenly over the remaining years that employees are expected to work . comprehensive income ( loss ) the company accounts for comprehensive income ( loss ) in accordance with the provisions of sfas no . 130 , 201creporting comprehensive income 201d ( 201csfas no . 130 201d ) . sfas no . 130 is a financial statement presentation standard that requires the company to disclose non-owner changes included in equity but not included in net income or loss . other items of comprehensive income ( loss ) presented in the financial statements consists of adjustments to the company 2019s minimum pension liability as follows ( in thousands ) : pension adjustments accumulated comprehensive .
Table
| pension adjustments | accumulated other comprehensive loss
balance as of october 1 2004 | $ -786 ( 786 ) | $ -786 ( 786 )
change in period | -351 ( 351 ) | -351 ( 351 )
balance as of september 30 2005 | -1137 ( 1137 ) | -1137 ( 1137 )
change in period | 538 | 538
balance as of september 29 2006 | $ -599 ( 599 ) | $ -599 ( 599 )
recently issued accounting pronouncements in november 2004 , the fasb issued sfas no . 151 , 201cinventory costs 2014 an amendment to apb no . 23 , chapter 4 201d ( 201csfas no . 151 201d ) . the amendments made by sfas no . 151 clarify that abnormal amounts of idle facility expense , freight , handling costs and wasted materials ( spoilage ) should be recognized as current-period charges and require the allocation of fixed production overheads to inventory based on the normal capacity of the production facilities . the guidance is effective for inventory costs incurred during fiscal years beginning after june 15 , 2005 . the company adopted sfas no . 151 on october 1 , 2005 and it did not have a material impact on its financial statements in fiscal 2006 . in december 2004 , the fasb issued sfas no . 153 , 201cexchanges of nonmonetary assets 2014 an amend- ment of apb opinion no . 29 201d ( 201csfas no . 153 201d ) . the guidance in apb opinion no . 29 , 201caccounting for nonmonetary transactions 201d ( 201capb no . 29 201d ) is based on the principle that exchanges of nonmonetary assets should be measured based on the fair value of the assets exchanged . the guidance in apb no . 29 , however , included certain exceptions to that principle . sfas no . 153 amends apb no . 29 to eliminate the exception for nonmonetary exchanges of similar productive assets and replaces it with a general exception for exchanges of nonmonetary assets that do not have commercial substance . sfas no . 153 is effective for such exchange transactions occurring in fiscal periods beginning after june 15 , 2005 . the company adopted sfas no . 153 on october 1 , 2005 and it did not have a material impact on its financial statements in fiscal 2006 . in may 2005 , the fasb issued sfas no . 154 , 201caccounting changes and error corrections 2014 a replacement of apb opinion no . 20 and fasb statement no . 3 201d ( 201csfas no . 154 201d ) . this statement replaces apb opinion no . 20 , 201caccounting changes 201d and fasb statement no . 3 , 201creporting accounting changes in interim financial statements 2014 an amendment of apb opinion no . 28 , 201d and also changes the .
Question:
what is the percentage change in in the pension liability balance from 2004 to 2006?
Important information:
table_1: the balance as of october 1 2004 of pension adjustments is $ -786 ( 786 ) ; the balance as of october 1 2004 of accumulated other comprehensive loss is $ -786 ( 786 ) ;
table_3: the balance as of september 30 2005 of pension adjustments is -1137 ( 1137 ) ; the balance as of september 30 2005 of accumulated other comprehensive loss is -1137 ( 1137 ) ;
table_5: the balance as of september 29 2006 of pension adjustments is $ -599 ( 599 ) ; the balance as of september 29 2006 of accumulated other comprehensive loss is $ -599 ( 599 ) ;
Reasoning Steps:
Step: divide2-1(351, 786) = 44.7%
Program:
divide(351, 786)
Program (Nested):
divide(351, 786)
| finqa172 |
in 2017 what was amount net sales applicable to international market in millions
Important information:
text_1: approximately 26% ( 26 % ) of 2017 net sales were to international markets .
text_16: approximately 25% ( 25 % ) of 2017 net sales were to international markets .
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: multiply1-1(25%, 5283.3) = 1320.8
Program:
multiply(25%, 5283.3)
Program (Nested):
multiply(25%, 5283.3)
| 1320.825 | 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:
in 2017 what was amount net sales applicable to international market in millions
Important information:
text_1: approximately 26% ( 26 % ) of 2017 net sales were to international markets .
text_16: approximately 25% ( 25 % ) of 2017 net sales were to international markets .
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: multiply1-1(25%, 5283.3) = 1320.8
Program:
multiply(25%, 5283.3)
Program (Nested):
multiply(25%, 5283.3)
| finqa173 |
what portion of the total contractual obligations are due within the next 12 months?
Important information:
table_1: contractual obligations the long-term debt obligations of payments due by period less than 1 year is $ 38480 ; the long-term debt obligations of payments due by period 1-3 years is $ 109436 ; the long-term debt obligations of payments due by period 3-5 years is $ 327400 ; the long-term debt obligations of payments due by period more than 5 years is $ 1725584 ; the long-term debt obligations of payments due by period total is $ 2200900 ;
table_6: contractual obligations the long-term supply contracts ( 2 ) of payments due by period less than 1 year is 3371 ; the long-term supply contracts ( 2 ) of payments due by period 1-3 years is 6000 ; the long-term supply contracts ( 2 ) of payments due by period 3-5 years is 3750 ; the long-term supply contracts ( 2 ) of payments due by period more than 5 years is 2014 ; the long-term supply contracts ( 2 ) of payments due by period total is 13121 ;
table_8: contractual obligations the total contractual obligations of payments due by period less than 1 year is $ 156571 ; the total contractual obligations of payments due by period 1-3 years is $ 280309 ; the total contractual obligations of payments due by period 3-5 years is $ 454115 ; the total contractual obligations of payments due by period more than 5 years is $ 1811692 ; the total contractual obligations of payments due by period total is $ 2702687 ;
Reasoning Steps:
Step: divide2-1(156571, 2702687) = 5.8%
Program:
divide(156571, 2702687)
Program (Nested):
divide(156571, 2702687)
| 0.05793 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
as a result of our acquisition of third wave on july 24 , 2008 , we assumed certain operating leases , the most significant of which is related to their corporate facility in madison , wisconsin , which is effective through september 2014 . future lease payments on these operating leases were approximately $ 5.8 million as of september 27 , 2008 . additionally , we assumed several license agreements for certain patent rights . these payments will be made through 2011 and future payments under these license agreements are approximately $ 7.0 million as of september 27 , 2008 . contractual obligations . the following table summarizes our contractual obligations and commitments as of september 27 , 2008: .
Table
contractual obligations | payments due by period less than 1 year | payments due by period 1-3 years | payments due by period 3-5 years | payments due by period more than 5 years | payments due by period total
long-term debt obligations | $ 38480 | $ 109436 | $ 327400 | $ 1725584 | $ 2200900
interest on long-term debt obligations | 58734 | 110973 | 90433 | 7484 | 267624
operating leases | 18528 | 33162 | 27199 | 63616 | 142505
purchase obligations ( 1 ) | 33176 | 15703 | 2014 | 2014 | 48879
financing leases | 2408 | 5035 | 5333 | 15008 | 27784
long-term supply contracts ( 2 ) | 3371 | 6000 | 3750 | 2014 | 13121
private equity investment ( 3 ) | 1874 | 2014 | 2014 | 2014 | 1874
total contractual obligations | $ 156571 | $ 280309 | $ 454115 | $ 1811692 | $ 2702687
( 1 ) approximately $ 6.4 million of the purchase obligations relates to an exclusive distribution and service agreement in the united states under which we will sell and service a line of extremity mri systems . pursuant to the terms of this contract , we have certain minimum inventory purchase obligations for the initial term of eighteen months . thereafter the purchase obligations are subject to renegotiation in the event of any unforeseen changes in the market dynamics . ( 2 ) as a result of the merger with cytyc , we assumed on a consolidated basis certain non-cancelable supply contracts . for reasons of quality assurance , sole source availability or cost effectiveness , certain key components and raw materials are available only from a sole supplier . to assure continuity of supply while maintaining high quality and reliability , long-term supply contracts have been executed with these suppliers . in certain of these contracts , a minimum purchase commitment has been established . ( 3 ) as a result of the merger with cytyc , we assumed a private equity investment commitment with a limited liability partnership , which could be paid over the succeeding three years . the amounts above do not include any amount that may be payable to biolucent and adiana for earn-outs . we are working on several projects and we expect to continue to review and evaluate potential acquisitions of businesses , products or technologies , and strategic alliances that we believe will complement our current or future business . subject to the risk factors set forth in part i , item 1a of this report and the general disclaimers set forth in our special note regarding forward-looking statements at the outset of this report , we believe that cash flow from operations and cash available from our amended credit agreement will provide us with sufficient funds in order to fund our expected operations over the next twelve months . our longer-term liquidity is contingent upon future operating performance and our ability to continue to meet financial covenants under our amended credit agreement . we may also require additional capital in the future to fund capital expenditures , acquisitions or other investments , or to repay our convertible notes . the holders of the convertible notes may require us to repurchase the notes on december 13 of 2013 , and on each of december 15 , 2017 , 2022 , 2027 and 2032 at a repurchase price equal to 100% ( 100 % ) of their accreted principal amount . these capital requirements could be substantial . our operating performance may also be affected by matters discussed under the above-referenced risk factors as elsewhere in this report . these risks , trends and uncertainties may also adversely affect our long- term liquidity. .
Question:
what portion of the total contractual obligations are due within the next 12 months?
Important information:
table_1: contractual obligations the long-term debt obligations of payments due by period less than 1 year is $ 38480 ; the long-term debt obligations of payments due by period 1-3 years is $ 109436 ; the long-term debt obligations of payments due by period 3-5 years is $ 327400 ; the long-term debt obligations of payments due by period more than 5 years is $ 1725584 ; the long-term debt obligations of payments due by period total is $ 2200900 ;
table_6: contractual obligations the long-term supply contracts ( 2 ) of payments due by period less than 1 year is 3371 ; the long-term supply contracts ( 2 ) of payments due by period 1-3 years is 6000 ; the long-term supply contracts ( 2 ) of payments due by period 3-5 years is 3750 ; the long-term supply contracts ( 2 ) of payments due by period more than 5 years is 2014 ; the long-term supply contracts ( 2 ) of payments due by period total is 13121 ;
table_8: contractual obligations the total contractual obligations of payments due by period less than 1 year is $ 156571 ; the total contractual obligations of payments due by period 1-3 years is $ 280309 ; the total contractual obligations of payments due by period 3-5 years is $ 454115 ; the total contractual obligations of payments due by period more than 5 years is $ 1811692 ; the total contractual obligations of payments due by period total is $ 2702687 ;
Reasoning Steps:
Step: divide2-1(156571, 2702687) = 5.8%
Program:
divide(156571, 2702687)
Program (Nested):
divide(156571, 2702687)
| finqa174 |
what was total net undeveloped acres expiring for the three year period , in thousands?
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_4: ( in thousands ) the total africa of net undeveloped acres expiring year ended december 31 , 2016 is 189 ; the total africa of net undeveloped acres expiring year ended december 31 , 2017 is 4444 ; the total africa of net undeveloped acres expiring year ended december 31 , 2018 is 890 ;
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: sum2-1(total, none) = 5808
Program:
table_sum(total, none)
Program (Nested):
table_sum(total, none)
| 5808.0 | 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 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:
what was total net undeveloped acres expiring for the three year period , in thousands?
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_4: ( in thousands ) the total africa of net undeveloped acres expiring year ended december 31 , 2016 is 189 ; the total africa of net undeveloped acres expiring year ended december 31 , 2017 is 4444 ; the total africa of net undeveloped acres expiring year ended december 31 , 2018 is 890 ;
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: sum2-1(total, none) = 5808
Program:
table_sum(total, none)
Program (Nested):
table_sum(total, none)
| finqa175 |
what percentage of the total estimated purchase price was cash?
Important information:
text_10: the aggregate purchase price of approximately $ 6.16 billion included $ 2.1 million in cash ; 132 million shares of hologic common stock at an estimated fair value of $ 3.67 billion ; 16.5 million of fully vested stock options granted to cytyc employees in exchange for their vested cytyc stock options , with an estimated fair value of approximately $ 241.4 million ; the fair value of cytyc 2019s outstanding convertible notes assumed in the merger of $ 125.0 million ; and approximately $ 24.2 million of direct acquisition costs .
table_1: cash portion of consideration the fair value of securities issued of $ 2094800 is 3671500 ;
table_5: cash portion of consideration the total estimated purchase price of $ 2094800 is $ 6156900 ;
Reasoning Steps:
Step: divide1-1(2094800, 6156900) = 34%
Program:
divide(2094800, 6156900)
Program (Nested):
divide(2094800, 6156900)
| 0.34024 | 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 hologic , inc . notes to consolidated financial statements ( continued ) ( all tabular amounts in thousands except per share data ) which the cytyc stockholders received a premium over the fair market value of their shares on such date and cash of $ 16.50 per share ( or approximately 35% ( 35 % ) of the merger consideration ) . there were no preexisting relationships between the two companies . cytyc , headquartered in marlborough , massachusetts , is a diversified diagnostic and medical device company that designs , develops , manufactures , and markets innovative and clinically effective diagnostics and surgical products . cytyc products cover a range of cancer and women 2019s health applications , including cervical cancer screening , prenatal diagnostics , treatment of excessive menstrual bleeding and radiation treatment of early-stage breast cancer . upon the close of the merger , cytyc shareholders received an aggregate of 132 million shares of hologic common stock and $ 2.1 billion in cash . in connection with the close of the merger , the company entered into a credit agreement relating to a senior secured credit facility ( the 201ccredit agreement 201d ) with goldman sachs credit partners l.p . and certain other lenders , in which the lenders committed to provide , in the aggregate , senior secured financing of up to approximately $ 2.55 billion to pay for the cash portion of the merger consideration , repayment of existing debt of cytyc , expenses relating to the merger and working capital following the completion of the merger . as of the closing of the merger , the company borrowed $ 2.35 billion under this credit agreement . see note 5 for further discussion . the aggregate purchase price of approximately $ 6.16 billion included $ 2.1 million in cash ; 132 million shares of hologic common stock at an estimated fair value of $ 3.67 billion ; 16.5 million of fully vested stock options granted to cytyc employees in exchange for their vested cytyc stock options , with an estimated fair value of approximately $ 241.4 million ; the fair value of cytyc 2019s outstanding convertible notes assumed in the merger of $ 125.0 million ; and approximately $ 24.2 million of direct acquisition costs . there were no potential contingent consideration arrangements payable to the former cytyc shareholders in connection with this transaction . the company measured the fair value of the 132 million shares of the company common stock issued as consideration in connection with the merger under eitf 99-12 . the company determined the measurement date to be may 20 , 2007 , the date the transaction was announced , as the number of shares to be issued according to the exchange ratio was fixed without subsequent revision . the company valued the securities based on the average market price a few days before and after the measurement date . the weighted average stock price was determined to be $ 27.81 . ( i ) purchase price the purchase price is as follows: .
Table
cash portion of consideration | $ 2094800
fair value of securities issued | 3671500
fair value of vested options exchanged | 241400
fair value of cytyc 2019s outstanding convertible notes | 125000
direct acquisition costs | 24200
total estimated purchase price | $ 6156900
source : hologic inc , 10-k , november 24 , 2010 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. .
Question:
what percentage of the total estimated purchase price was cash?
Important information:
text_10: the aggregate purchase price of approximately $ 6.16 billion included $ 2.1 million in cash ; 132 million shares of hologic common stock at an estimated fair value of $ 3.67 billion ; 16.5 million of fully vested stock options granted to cytyc employees in exchange for their vested cytyc stock options , with an estimated fair value of approximately $ 241.4 million ; the fair value of cytyc 2019s outstanding convertible notes assumed in the merger of $ 125.0 million ; and approximately $ 24.2 million of direct acquisition costs .
table_1: cash portion of consideration the fair value of securities issued of $ 2094800 is 3671500 ;
table_5: cash portion of consideration the total estimated purchase price of $ 2094800 is $ 6156900 ;
Reasoning Steps:
Step: divide1-1(2094800, 6156900) = 34%
Program:
divide(2094800, 6156900)
Program (Nested):
divide(2094800, 6156900)
| finqa176 |
what is the average future minimum annual rental payment for the next five years?
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_5: 2008 the thereafter of $ 4935 is 9934 ;
Key Information: alexion pharmaceuticals , inc .
Reasoning Steps:
Step: add1-1(3144, 3160) = 6304
Step: add1-2(#0, 3200) = 9504
Step: add1-3(#1, 2768) = 12272
Step: add1-4(#2, 9934) = 22206
Step: divide1-5(#3, const_5) = 4441
Program:
add(3144, 3160), add(#0, 3200), add(#1, 2768), add(#2, 9934), divide(#3, const_5)
Program (Nested):
divide(add(add(add(add(3144, 3160), 3200), 2768), 9934), const_5)
| 4441.2 | 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:
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 average future minimum annual rental payment for the next five years?
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_5: 2008 the thereafter of $ 4935 is 9934 ;
Key Information: alexion pharmaceuticals , inc .
Reasoning Steps:
Step: add1-1(3144, 3160) = 6304
Step: add1-2(#0, 3200) = 9504
Step: add1-3(#1, 2768) = 12272
Step: add1-4(#2, 9934) = 22206
Step: divide1-5(#3, const_5) = 4441
Program:
add(3144, 3160), add(#0, 3200), add(#1, 2768), add(#2, 9934), divide(#3, const_5)
Program (Nested):
divide(add(add(add(add(3144, 3160), 3200), 2768), 9934), const_5)
| finqa177 |
net cash provided by operating activities increased by what percentage in 2014?
Important information:
text_0: 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 .
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 ) ;
Reasoning Steps:
Step: divide2-1(343, 1791) = 19%
Program:
divide(343, 1791)
Program (Nested):
divide(343, 1791)
| 0.19151 | 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:
net cash provided by operating activities increased by what percentage in 2014?
Important information:
text_0: 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 .
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 ) ;
Reasoning Steps:
Step: divide2-1(343, 1791) = 19%
Program:
divide(343, 1791)
Program (Nested):
divide(343, 1791)
| finqa178 |
assuming the same trend as in 2011 , what would total stock-based compensation cost be for 2012?
Important information:
table_5: ( millions ) the total of 2011 is $ 177 ; the total of 2010 is $ 180 ; the total of 2009 is $ 150 ;
text_24: total $ 177 $ 180 $ 150 20 .
text_29: total stock-based compensation cost was $ 36 million , $ 52 million and $ 34 million in 2011 , 2010 and 2009 , respectively .
Reasoning Steps:
Step: divide1-1(36, 52) = .69
Step: multiply1-2(#0, 36) = 24.9
Program:
divide(36, 52), multiply(#0, 36)
Program (Nested):
multiply(divide(36, 52), 36)
| 24.92308 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to the consolidated financial statements unrealized currency translation adjustments related to translation of foreign denominated balance sheets are not presented net of tax given that no deferred u.s . income taxes have been provided on undistributed earnings of non- u.s . subsidiaries because they are deemed to be reinvested for an indefinite period of time . the tax ( cost ) benefit related to unrealized currency translation adjustments other than translation of foreign denominated balance sheets , for the years ended december 31 , 2011 , 2010 and 2009 was $ ( 7 ) million , $ 8 million and $ 62 million , respectively . the tax benefit related to the adjustment for pension and other postretirement benefits for the years ended december 31 , 2011 , 2010 and 2009 was $ 98 million , $ 65 million and $ 18 million , respectively . the cumulative tax benefit related to the adjustment for pension and other postretirement benefits at december 31 , 2011 and 2010 was $ 990 million and $ 889 million , respectively . the tax ( cost ) benefit related to the change in the unrealized gain ( loss ) on marketable securities for the years ended december 31 , 2011 , 2010 and 2009 was $ ( 0.2 ) million , $ 0.6 million and $ 0.1 million , respectively . the tax benefit ( cost ) related to the change in the unrealized gain ( loss ) on derivatives for the years ended december 31 , 2011 , 2010 and 2009 was $ 19 million , $ 1 million and $ ( 16 ) million , respectively . 18 . employee savings plan ppg 2019s employee savings plan ( 201csavings plan 201d ) covers substantially all u.s . employees . the company makes matching contributions to the savings plan based upon participants 2019 savings , subject to certain limitations . for most participants not covered by a collective bargaining agreement , company-matching contributions are established each year at the discretion of the company and are applied to a maximum of 6% ( 6 % ) of eligible participant compensation . for those participants whose employment is covered by a collective bargaining agreement , the level of company-matching contribution , if any , is determined by the relevant collective bargaining agreement . the company-matching contribution was 100% ( 100 % ) for the first two months of 2009 . the company-matching contribution was suspended from march 2009 through june 2010 as a cost savings measure in recognition of the adverse impact of the global recession . effective july 1 , 2010 , the company match was reinstated at 50% ( 50 % ) on the first 6% ( 6 % ) of compensation contributed for most employees eligible for the company-matching contribution feature . this included the union represented employees in accordance with their collective bargaining agreements . on january 1 , 2011 , the company match was increased to 75% ( 75 % ) on the first 6% ( 6 % ) of compensation contributed by these eligible employees . compensation expense and cash contributions related to the company match of participant contributions to the savings plan for 2011 , 2010 and 2009 totaled $ 26 million , $ 9 million and $ 7 million , respectively . a portion of the savings plan qualifies under the internal revenue code as an employee stock ownership plan . as a result , the tax deductible dividends on ppg shares held by the savings plan were $ 20 million , $ 24 million and $ 28 million for 2011 , 2010 and 2009 , respectively . 19 . other earnings ( millions ) 2011 2010 2009 .
Table
( millions ) | 2011 | 2010 | 2009
royalty income | 55 | 58 | 45
share of net earnings ( loss ) of equity affiliates ( see note 5 ) | 37 | 45 | -5 ( 5 )
gain on sale of assets | 12 | 8 | 36
other | 73 | 69 | 74
total | $ 177 | $ 180 | $ 150
total $ 177 $ 180 $ 150 20 . stock-based compensation the company 2019s stock-based compensation includes stock options , restricted stock units ( 201crsus 201d ) and grants of contingent shares that are earned based on achieving targeted levels of total shareholder return . all current grants of stock options , rsus and contingent shares are made under the ppg industries , inc . amended and restated omnibus incentive plan ( 201cppg amended omnibus plan 201d ) , which was amended and restated effective april 21 , 2011 . shares available for future grants under the ppg amended omnibus plan were 9.7 million as of december 31 , 2011 . total stock-based compensation cost was $ 36 million , $ 52 million and $ 34 million in 2011 , 2010 and 2009 , respectively . the total income tax benefit recognized in the accompanying consolidated statement of income related to the stock-based compensation was $ 13 million , $ 18 million and $ 12 million in 2011 , 2010 and 2009 , respectively . stock options ppg has outstanding stock option awards that have been granted under two stock option plans : the ppg industries , inc . stock plan ( 201cppg stock plan 201d ) and the ppg amended omnibus plan . under the ppg amended omnibus plan and the ppg stock plan , certain employees of the company have been granted options to purchase shares of common stock at prices equal to the fair market value of the shares on the date the options were granted . the options are generally exercisable beginning from six to 48 months after being granted and have a maximum term of 10 years . upon exercise of a stock option , shares of company stock are issued from treasury stock . the ppg stock plan includes a restored option provision for options originally granted prior to january 1 , 2003 that 68 2011 ppg annual report and form 10-k .
Question:
assuming the same trend as in 2011 , what would total stock-based compensation cost be for 2012?
Important information:
table_5: ( millions ) the total of 2011 is $ 177 ; the total of 2010 is $ 180 ; the total of 2009 is $ 150 ;
text_24: total $ 177 $ 180 $ 150 20 .
text_29: total stock-based compensation cost was $ 36 million , $ 52 million and $ 34 million in 2011 , 2010 and 2009 , respectively .
Reasoning Steps:
Step: divide1-1(36, 52) = .69
Step: multiply1-2(#0, 36) = 24.9
Program:
divide(36, 52), multiply(#0, 36)
Program (Nested):
multiply(divide(36, 52), 36)
| finqa179 |
what are the future minimum commitments under the operating leases in 2015 as a percentage of the total future minimum commitments?
Important information:
text_6: future minimum commitments under these operating leases are as follows : ( in millions ) .
table_2: year the 2015 of amount is 127 ;
table_7: year the total of amount is $ 1286 ;
Reasoning Steps:
Step: divide2-1(127, 1286) = 9.88%
Program:
divide(127, 1286)
Program (Nested):
divide(127, 1286)
| 0.09876 | 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 maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2017 notes were issued at a discount of $ 6 million , which is being amortized over their ten-year term . the company incurred approximately $ 4 million of debt issuance costs , which are being amortized over ten years . at december 31 , 2013 , $ 2 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 13 . commitments and contingencies operating lease commitments the company leases its primary office spaces under agreements that expire through 2035 . future minimum commitments under these operating leases are as follows : ( in millions ) .
Table
year | amount
2014 | $ 135
2015 | 127
2016 | 110
2017 | 109
2018 | 106
thereafter | 699
total | $ 1286
rent expense and certain office equipment expense under agreements amounted to $ 137 million , $ 133 million and $ 154 million in 2013 , 2012 and 2011 , respectively . investment commitments . at december 31 , 2013 , the company had $ 216 million of various capital commitments to fund sponsored investment funds , including funds of private equity funds , real estate funds , infrastructure funds , opportunistic funds and distressed credit funds . this amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds . generally , the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment . these unfunded commitments are not recorded on the consolidated statements of financial condition . these commitments do not include potential future commitments approved by the company , but which are not yet legally binding . the company intends to make additional capital commitments from time to time to fund additional investment products for , and with , its clients . contingencies contingent payments . the company acts as the portfolio manager in a series of credit default swap transactions and has a maximum potential exposure of $ 17 million under a credit default swap between the company and counterparty . see note 7 , derivatives and hedging , for further discussion . contingent payments related to business acquisitions . in connection with the credit suisse etf transaction , blackrock is required to make contingent payments annually to credit suisse , subject to achieving specified thresholds during a seven-year period , subsequent to the acquisition date . in addition , blackrock is required to make contingent payments related to the mgpa transaction during a five-year period , subject to achieving specified thresholds , subsequent to the acquisition date . the fair value of the contingent payments at december 31 , 2013 is not significant to the consolidated statement of financial condition and is included in other liabilities . legal proceedings . from time to time , blackrock receives subpoenas or other requests for information from various u.s . federal , state governmental and domestic and international regulatory authorities in connection with certain industry-wide or other investigations or proceedings . it is blackrock 2019s policy to cooperate fully with such inquiries . the company and certain of its subsidiaries have been named as defendants in various legal actions , including arbitrations and other litigation arising in connection with blackrock 2019s activities . additionally , certain blackrock- sponsored investment funds that the company manages are subject to lawsuits , any of which potentially could harm the investment returns of the applicable fund or result in the company being liable to the funds for any resulting damages . management , after consultation with legal counsel , currently does not anticipate that the aggregate liability , if any , arising out of regulatory matters or lawsuits will have a material effect on blackrock 2019s results of operations , financial position , or cash flows . however , there is no assurance as to whether any such pending or threatened matters will have a material effect on blackrock 2019s results of operations , financial position or cash flows in any future reporting period . due to uncertainties surrounding the outcome of these matters , management cannot reasonably estimate the possible loss or range of loss that may arise from these matters . indemnifications . in the ordinary course of business or in connection with certain acquisition agreements , blackrock enters into contracts pursuant to which it may agree to indemnify third parties in certain circumstances . the terms of these indemnities vary from contract to contract and the amount of indemnification liability , if any , cannot be determined or the likelihood of any liability is considered remote . consequently , no liability has been recorded on the consolidated statement of financial condition . in connection with securities lending transactions , blackrock has issued certain indemnifications to certain securities lending clients against potential loss resulting from a borrower 2019s failure to fulfill its obligations under the securities lending agreement should the value of the collateral pledged by the borrower at the time of default be insufficient to cover the borrower 2019s obligation under the securities lending agreement . at december 31 , 2013 , the company indemnified certain of its clients for their securities lending loan balances of approximately $ 118.3 billion . the company held as agent , cash and securities totaling $ 124.6 billion as collateral for indemnified securities on loan at december 31 , 2013 . the fair value of these indemnifications was not material at december 31 , 2013. .
Question:
what are the future minimum commitments under the operating leases in 2015 as a percentage of the total future minimum commitments?
Important information:
text_6: future minimum commitments under these operating leases are as follows : ( in millions ) .
table_2: year the 2015 of amount is 127 ;
table_7: year the total of amount is $ 1286 ;
Reasoning Steps:
Step: divide2-1(127, 1286) = 9.88%
Program:
divide(127, 1286)
Program (Nested):
divide(127, 1286)
| finqa180 |
for the fourth quarter ended december 312018 what was the total number of shares purchased in november
Important information:
table_2: period the november 2018 of total numberof sharespurchased is 3655945 ; the november 2018 of averageprice paidper share is $ 87.39 ; the november 2018 of total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) is 216469 ; the november 2018 of total number ofshares purchased aspart of publiclyannounced plans orprograms is 3439476 ; the november 2018 of approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b ) is $ 2.4 billion ;
table_3: period the december 2018 of total numberof sharespurchased is 3077364 ; the december 2018 of averageprice paidper share is $ 73.43 ; the december 2018 of total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) is 4522 ; the december 2018 of total number ofshares purchased aspart of publiclyannounced plans orprograms is 3072842 ; the december 2018 of approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b ) is $ 2.2 billion ;
table_4: period the total of total numberof sharespurchased is 7673266 ; the total of averageprice paidper share is $ 81.77 ; the total of total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) is 229817 ; the total of total number ofshares purchased aspart of publiclyannounced plans orprograms is 7443449 ; the total of approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b ) is $ 2.2 billion ;
Reasoning Steps:
Step: divide1-1(3655945, 7673266) = 47.6%
Program:
divide(3655945, 7673266)
Program (Nested):
divide(3655945, 7673266)
| 0.47645 | 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 tceq and harris county pollution control services department ( hcpcs ) ( houston terminal ) . we have an outstanding noe from the tceq and an outstanding vn from the hcpcs alleging excess emissions from tank 003 that occurred during hurricane harvey . we are working with the pertinent authorities to resolve these matters . item 4 . mine safety disclosures part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock trades on the nyse under the trading symbol 201cvlo . 201d as of january 31 , 2019 , there were 5271 holders of record of our common stock . dividends are considered quarterly by the board of directors , may be paid only when approved by the board , and will depend on our financial condition , results of operations , cash flows , prospects , industry conditions , capital requirements , and other factors and restrictions our board deems relevant . there can be no assurance that we will pay a dividend at the rates we have paid historically , or at all , in the future . the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2018 . period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) .
Table
period | total numberof sharespurchased | averageprice paidper share | total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) | total number ofshares purchased aspart of publiclyannounced plans orprograms | approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )
october 2018 | 939957 | $ 87.23 | 8826 | 931131 | $ 2.7 billion
november 2018 | 3655945 | $ 87.39 | 216469 | 3439476 | $ 2.4 billion
december 2018 | 3077364 | $ 73.43 | 4522 | 3072842 | $ 2.2 billion
total | 7673266 | $ 81.77 | 229817 | 7443449 | $ 2.2 billion
( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2018 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans . ( b ) on january 23 , 2018 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock ( the 2018 program ) , with no expiration date , which was in addition to the remaining amount available under a $ 2.5 billion program authorized on september 21 , 2016 ( the 2016 program ) . during the fourth quarter of 2018 , we completed our purchases under the 2016 program . as of december 31 , 2018 , we had $ 2.2 billion remaining available for purchase under the 2018 program. .
Question:
for the fourth quarter ended december 312018 what was the total number of shares purchased in november
Important information:
table_2: period the november 2018 of total numberof sharespurchased is 3655945 ; the november 2018 of averageprice paidper share is $ 87.39 ; the november 2018 of total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) is 216469 ; the november 2018 of total number ofshares purchased aspart of publiclyannounced plans orprograms is 3439476 ; the november 2018 of approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b ) is $ 2.4 billion ;
table_3: period the december 2018 of total numberof sharespurchased is 3077364 ; the december 2018 of averageprice paidper share is $ 73.43 ; the december 2018 of total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) is 4522 ; the december 2018 of total number ofshares purchased aspart of publiclyannounced plans orprograms is 3072842 ; the december 2018 of approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b ) is $ 2.2 billion ;
table_4: period the total of total numberof sharespurchased is 7673266 ; the total of averageprice paidper share is $ 81.77 ; the total of total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a ) is 229817 ; the total of total number ofshares purchased aspart of publiclyannounced plans orprograms is 7443449 ; the total of approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b ) is $ 2.2 billion ;
Reasoning Steps:
Step: divide1-1(3655945, 7673266) = 47.6%
Program:
divide(3655945, 7673266)
Program (Nested):
divide(3655945, 7673266)
| finqa181 |
what was the change in billions in tier 1 capital 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 ;
text_24: 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 .
Reasoning Steps:
Step: minus1-1(71.0, 82.0) = -11
Program:
subtract(71.0, 82.0)
Program (Nested):
subtract(71.0, 82.0)
| -11.0 | 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:
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 tier 1 capital 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 ;
text_24: 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 .
Reasoning Steps:
Step: minus1-1(71.0, 82.0) = -11
Program:
subtract(71.0, 82.0)
Program (Nested):
subtract(71.0, 82.0)
| finqa182 |
what is the growth rate in operating profit for space systems in 2012?
Important information:
table_1: the net sales of 2012 is $ 8347 ; the net sales of 2011 is $ 8161 ; the net sales of 2010 is $ 8268 ;
table_2: the operating profit of 2012 is 1083 ; the operating profit of 2011 is 1063 ; the operating profit of 2010 is 1030 ;
table_3: the operating margins of 2012 is 13.0% ( 13.0 % ) ; the operating margins of 2011 is 13.0% ( 13.0 % ) ; the operating margins of 2010 is 12.5% ( 12.5 % ) ;
Reasoning Steps:
Step: minus1-1(1083, 1063) = 20
Step: divide1-2(#0, 1063) = 1.9%
Program:
subtract(1083, 1063), divide(#0, 1063)
Program (Nested):
divide(subtract(1083, 1063), 1063)
| 0.01881 | 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:
2011 compared to 2010 mst 2019s net sales for 2011 decreased $ 311 million , or 4% ( 4 % ) , compared to 2010 . the decrease was attributable to decreased volume of approximately $ 390 million for certain ship and aviation system programs ( primarily maritime patrol aircraft and ptds ) and approximately $ 75 million for training and logistics solutions programs . partially offsetting these decreases was higher sales of about $ 165 million from production on the lcs program . mst 2019s operating profit for 2011 decreased $ 68 million , or 10% ( 10 % ) , compared to 2010 . the decrease was attributable to decreased operating profit of approximately $ 55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs ( including the terminated presidential helicopter program ) and approximately $ 40 million due to lower volume and increased reserves on training and logistics solutions . partially offsetting these decreases was higher operating profit of approximately $ 30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010 . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 55 million lower in 2011 compared to 2010 . backlog backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs ( primarily mh-60 and lcs ) , partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs ( primarily aegis ) . backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs . trends we expect mst 2019s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of ptds deliveries in 2012 and expected lower volume on training services programs . operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance . 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 is also responsible for various classified systems and services in support of vital national security systems . space systems 2019 major programs include the space-based infrared system ( sbirs ) , advanced extremely high frequency ( aehf ) system , mobile user objective system ( muos ) , global positioning satellite ( gps ) iii system , geostationary operational environmental satellite r-series ( goes-r ) , trident ii d5 fleet ballistic missile , and orion . operating results for our space systems business segment include our equity interests in united launch alliance ( ula ) , which provides expendable launch services for the u.s . government , united space alliance ( usa ) , which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011 , and a joint venture that manages the u.k . 2019s atomic weapons establishment program . space systems 2019 operating results included the following ( in millions ) : .
Table
| 2012 | 2011 | 2010
net sales | $ 8347 | $ 8161 | $ 8268
operating profit | 1083 | 1063 | 1030
operating margins | 13.0% ( 13.0 % ) | 13.0% ( 13.0 % ) | 12.5% ( 12.5 % )
backlog at year-end | 18100 | 16000 | 17800
2012 compared to 2011 space systems 2019 net sales for 2012 increased $ 186 million , or 2% ( 2 % ) , compared to 2011 . the increase was attributable to higher net sales of approximately $ 150 million due to increased commercial satellite deliveries ( two commercial satellites delivered in 2012 compared to one during 2011 ) ; about $ 125 million from the orion program due to higher volume and an increase in risk retirements ; and approximately $ 70 million from increased volume on various strategic and defensive missile programs . partially offsetting the increases were lower net sales of approximately $ 105 million from certain government satellite programs ( primarily sbirs and muos ) as a result of decreased volume and a decline in risk retirements ; and about $ 55 million from the nasa external tank program , which ended in connection with the completion of the space shuttle program in 2011. .
Question:
what is the growth rate in operating profit for space systems in 2012?
Important information:
table_1: the net sales of 2012 is $ 8347 ; the net sales of 2011 is $ 8161 ; the net sales of 2010 is $ 8268 ;
table_2: the operating profit of 2012 is 1083 ; the operating profit of 2011 is 1063 ; the operating profit of 2010 is 1030 ;
table_3: the operating margins of 2012 is 13.0% ( 13.0 % ) ; the operating margins of 2011 is 13.0% ( 13.0 % ) ; the operating margins of 2010 is 12.5% ( 12.5 % ) ;
Reasoning Steps:
Step: minus1-1(1083, 1063) = 20
Step: divide1-2(#0, 1063) = 1.9%
Program:
subtract(1083, 1063), divide(#0, 1063)
Program (Nested):
divide(subtract(1083, 1063), 1063)
| finqa183 |
at december 31 , 2013 what was the ratio of square feet of our office in alpharetta , georgia to the jersey city new jersey
Important information:
text_8: all facilities are leased , except for 165000 square feet of our office in alpharetta , georgia .
table_1: location the alpharetta georgia of approximate square footage is 254000 ;
table_2: location the jersey city new jersey of approximate square footage is 107000 ;
Reasoning Steps:
Step: divide2-1(254000, 107000) = 2.37
Program:
divide(254000, 107000)
Program (Nested):
divide(254000, 107000)
| 2.37383 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
our ability to restructure or refinance our debt will depend on the condition of the capital markets and our financial condition at such time . any refinancing of our debt could be at higher interest rates and may require us to comply with more onerous covenants , which could further restrict our business operations . in addition , any failure to make payments of interest and principal on our outstanding indebtedness on a timely basis would likely result in a reduction of our credit rating , which could harm our ability to incur additional indebtedness . if our cash flows and available cash are insufficient to meet our debt service obligations , we could face substantial liquidity problems and might be required to dispose of material assets or operations to meet our debt service and other obligations . we may not be able to consummate those dispositions or to obtain the proceeds that we could realize from them , and these proceeds may not be adequate to meet any debt service obligations then due . item 1b . unresolved staff comments item 2 . properties a summary of our significant locations at december 31 , 2013 is shown in the following table . all facilities are leased , except for 165000 square feet of our office in alpharetta , georgia . square footage amounts are net of space that has been sublet or part of a facility restructuring. .
Table
location | approximate square footage
alpharetta georgia | 254000
jersey city new jersey | 107000
arlington virginia | 102000
sandy utah | 66000
menlo park california | 63000
new york new york | 39000
chicago illinois ( 1 ) | 36000
chicago , illinois ( 1 ) 36000 ( 1 ) includes approximately 25000 square footage related to g1 execution services , llc . we entered into a definitive agreement to sell g1 execution services , llc to an affiliate of susquehanna . the lease was assigned to susquehanna upon closing of the sale on february 10 , all of our facilities are used by either our trading and investing or balance sheet management segments , in addition to the corporate/other category . all other leased facilities with space of less than 25000 square feet are not listed by location . in addition to the significant facilities above , we also lease all 30 e*trade branches , ranging in space from approximately 2500 to 8000 square feet . we believe our facilities space is adequate to meet our needs in 2014 . item 3 . legal proceedings on october 27 , 2000 , ajaxo , inc . ( 201cajaxo 201d ) filed a complaint in the superior court for the state of california , county of santa clara . ajaxo sought damages and certain non-monetary relief for the company 2019s alleged breach of a non-disclosure agreement with ajaxo pertaining to certain wireless technology that ajaxo offered the company as well as damages and other relief against the company for their alleged misappropriation of ajaxo 2019s trade secrets . following a jury trial , a judgment was entered in 2003 in favor of ajaxo against the company for $ 1.3 million for breach of the ajaxo non-disclosure agreement . although the jury found in favor of ajaxo on its claim against the company for misappropriation of trade secrets , the trial court subsequently denied ajaxo 2019s requests for additional damages and relief . on december 21 , 2005 , the california court of appeal affirmed the above-described award against the company for breach of the nondisclosure agreement but remanded the case to the trial court for the limited purpose of determining what , if any , additional damages ajaxo may be entitled to as a result of the jury 2019s previous finding in favor of ajaxo on its claim against the company for misappropriation of trade secrets . although the company paid ajaxo the full amount due on the above-described judgment , the case was remanded back to the trial court , and on may 30 , 2008 , a jury returned a .
Question:
at december 31 , 2013 what was the ratio of square feet of our office in alpharetta , georgia to the jersey city new jersey
Important information:
text_8: all facilities are leased , except for 165000 square feet of our office in alpharetta , georgia .
table_1: location the alpharetta georgia of approximate square footage is 254000 ;
table_2: location the jersey city new jersey of approximate square footage is 107000 ;
Reasoning Steps:
Step: divide2-1(254000, 107000) = 2.37
Program:
divide(254000, 107000)
Program (Nested):
divide(254000, 107000)
| finqa184 |
at december 31 , 2005 what was the percent of the total commitment applicable to the standby letters of credit
Important information:
table_1: ( in millions ) the standby letters of credit of commitment expiration by period total commitment is $ 2630 ; the standby letters of credit of commitment expiration by period less than 1 year ( a ) is $ 2425 ; the standby letters of credit of commitment expiration by period 1-3 years ( a ) is $ 171 ; the standby letters of credit of commitment expiration by period 3-5 years is $ 18 ; the standby letters of credit of commitment expiration by period after 5 years is $ 16 ;
table_4: ( in millions ) the total commitments of commitment expiration by period total commitment is $ 3066 ; the total commitments of commitment expiration by period less than 1 year ( a ) is $ 2505 ; the total commitments of commitment expiration by period 1-3 years ( a ) is $ 524 ; the total commitments of commitment expiration by period 3-5 years is $ 21 ; the total commitments of commitment expiration by period after 5 years is $ 16 ;
text_6: ( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .
Reasoning Steps:
Step: divide1-1(2630, 3066) = 86%
Program:
divide(2630, 3066)
Program (Nested):
divide(2630, 3066)
| 0.8578 | 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 38 five years . the amounts ultimately applied against our offset agreements are based on negotiations with the customer and generally require cash outlays that represent only a fraction of the original amount in the offset agreement . at december 31 , 2005 , we had outstanding offset agreements totaling $ 8.4 bil- lion , primarily related to our aeronautics segment , that extend through 2015 . to the extent we have entered into purchase obligations at december 31 , 2005 that also satisfy offset agree- ments , those amounts are included in the preceding table . we have entered into standby letter of credit agreements and other arrangements with financial institutions and custom- ers mainly relating to advances received from customers and/or the guarantee of future performance on some of our contracts . at december 31 , 2005 , we had outstanding letters of credit , surety bonds and guarantees , as follows : commitment expiration by period ( in millions ) commitment 1 year ( a ) years ( a ) standby letters of credit $ 2630 $ 2425 $ 171 $ 18 $ 16 .
Table
( in millions ) | commitment expiration by period total commitment | commitment expiration by period less than 1 year ( a ) | commitment expiration by period 1-3 years ( a ) | commitment expiration by period 3-5 years | commitment expiration by period after 5 years
standby letters of credit | $ 2630 | $ 2425 | $ 171 | $ 18 | $ 16
surety bonds | 434 | 79 | 352 | 3 | 2014
guarantees | 2 | 1 | 1 | 2014 | 2014
total commitments | $ 3066 | $ 2505 | $ 524 | $ 21 | $ 16
( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation . included in the table above is approximately $ 200 million representing letter of credit and surety bond amounts for which related obligations or liabilities are also recorded in the bal- ance sheet , either as reductions of inventories , as customer advances and amounts in excess of costs incurred , or as other liabilities . approximately $ 2 billion of the standby letters of credit in the table above were to secure advance payments received under an f-16 contract from an international cus- tomer . these letters of credit are available for draw down in the event of our nonperformance , and the amount available will be reduced as certain events occur throughout the period of performance in accordance with the contract terms . similar to the letters of credit for the f-16 contract , other letters of credit and surety bonds are available for draw down in the event of our nonperformance . at december 31 , 2005 , we had no material off-balance sheet arrangements as those arrangements are defined by the securities and exchange commission ( sec ) . quantitative and qualitative disclosure of market risk our main exposure to market risk relates to interest rates and foreign currency exchange rates . our financial instruments that are subject to interest rate risk principally include fixed- rate and floating rate long-term debt . if interest rates were to change by plus or minus 1% ( 1 % ) , interest expense would increase or decrease by approximately $ 10 million related to our float- ing rate debt . the estimated fair values of the corporation 2019s long-term debt instruments at december 31 , 2005 aggregated approximately $ 6.2 billion , compared with a carrying amount of approximately $ 5.0 billion . the majority of our long-term debt obligations are not callable until maturity . we have used interest rate swaps in the past to manage our exposure to fixed and variable interest rates ; however , at year-end 2005 , we had no such agreements in place . we use forward foreign exchange contracts to manage our exposure to fluctuations in foreign currency exchange rates , and do so in ways that qualify for hedge accounting treatment . these exchange contracts hedge the fluctuations in cash flows associated with firm commitments or specific anticipated transactions contracted in foreign currencies , or hedge the exposure to rate changes affecting foreign currency denomi- nated assets or liabilities . related gains and losses on these contracts , to the extent they are effective hedges , are recog- nized in income at the same time the hedged transaction is recognized or when the hedged asset or liability is adjusted . to the extent the hedges are ineffective , gains and losses on the contracts are recognized in the current period . at december 31 , 2005 , the fair value of forward exchange con- tracts outstanding , as well as the amounts of gains and losses recorded during the year then ended , were not material . we do not hold or issue derivative financial instruments for trad- ing or speculative purposes . recent accounting pronouncements in december 2004 , the fasb issued fas 123 ( r ) , share- based payments , which will impact our net earnings and earn- ings per share and change the classification of certain elements of the statement of cash flows . fas 123 ( r ) requires stock options and other share-based payments made to employees to be accounted for as compensation expense and recorded at fair lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2005 .
Question:
at december 31 , 2005 what was the percent of the total commitment applicable to the standby letters of credit
Important information:
table_1: ( in millions ) the standby letters of credit of commitment expiration by period total commitment is $ 2630 ; the standby letters of credit of commitment expiration by period less than 1 year ( a ) is $ 2425 ; the standby letters of credit of commitment expiration by period 1-3 years ( a ) is $ 171 ; the standby letters of credit of commitment expiration by period 3-5 years is $ 18 ; the standby letters of credit of commitment expiration by period after 5 years is $ 16 ;
table_4: ( in millions ) the total commitments of commitment expiration by period total commitment is $ 3066 ; the total commitments of commitment expiration by period less than 1 year ( a ) is $ 2505 ; the total commitments of commitment expiration by period 1-3 years ( a ) is $ 524 ; the total commitments of commitment expiration by period 3-5 years is $ 21 ; the total commitments of commitment expiration by period after 5 years is $ 16 ;
text_6: ( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .
Reasoning Steps:
Step: divide1-1(2630, 3066) = 86%
Program:
divide(2630, 3066)
Program (Nested):
divide(2630, 3066)
| finqa185 |
what is the percent change in quarterly cash dividend for the period ended march 31 2002 to the period ended march 31 2003?
Important information:
text_3: on january 29 , 2003 , the company declared a quarterly cash dividend of $ .455 per share , payable on february 28 , 2003 , to common shareholders of record on february 14 , 2003. .
table_1: quarter ended the december 31 of 2002 high is $ 25.84 ; the december 31 of 2002 low is $ 21.50 ; the december 31 of 2002 dividend is $ .455 ; the december 31 of 2002 high is $ 24.80 ; the december 31 of 2002 low is $ 22.00 ; the december 31 of dividend is $ .45 ;
table_4: quarter ended the march 31 of 2002 high is 26.50 ; the march 31 of 2002 low is 22.92 ; the march 31 of 2002 dividend is .450 ; the march 31 of 2002 high is 25.44 ; the march 31 of 2002 low is 21.85 ; the march 31 of dividend is .43 ;
Reasoning Steps:
Step: minus1-1(.455, .450) = .005
Step: divide1-2(#0, .450) = .0111
Step: multiply1-3(#1, const_100) = 1.11%
Program:
subtract(.455, .450), divide(#0, .450), multiply(#1, const_100)
Program (Nested):
multiply(divide(subtract(.455, .450), .450), const_100)
| 1.11111 | 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 price and dividends d u k e r e a l t y c o r p o r a t i o n 3 8 2 0 0 2 a n n u a l r e p o r t the company 2019s common shares are listed for trading on the new york stock exchange , symbol dre . the following table sets forth the high and low sales prices of the common stock for the periods indicated and the dividend paid per share during each such period . comparable cash dividends are expected in the future . on january 29 , 2003 , the company declared a quarterly cash dividend of $ .455 per share , payable on february 28 , 2003 , to common shareholders of record on february 14 , 2003. .
Table
quarter ended | 2002 high | 2002 low | 2002 dividend | 2002 high | 2002 low | dividend
december 31 | $ 25.84 | $ 21.50 | $ .455 | $ 24.80 | $ 22.00 | $ .45
september 30 | 28.88 | 21.40 | .455 | 26.17 | 21.60 | .45
june 30 | 28.95 | 25.46 | .450 | 24.99 | 22.00 | .43
march 31 | 26.50 | 22.92 | .450 | 25.44 | 21.85 | .43
.
Question:
what is the percent change in quarterly cash dividend for the period ended march 31 2002 to the period ended march 31 2003?
Important information:
text_3: on january 29 , 2003 , the company declared a quarterly cash dividend of $ .455 per share , payable on february 28 , 2003 , to common shareholders of record on february 14 , 2003. .
table_1: quarter ended the december 31 of 2002 high is $ 25.84 ; the december 31 of 2002 low is $ 21.50 ; the december 31 of 2002 dividend is $ .455 ; the december 31 of 2002 high is $ 24.80 ; the december 31 of 2002 low is $ 22.00 ; the december 31 of dividend is $ .45 ;
table_4: quarter ended the march 31 of 2002 high is 26.50 ; the march 31 of 2002 low is 22.92 ; the march 31 of 2002 dividend is .450 ; the march 31 of 2002 high is 25.44 ; the march 31 of 2002 low is 21.85 ; the march 31 of dividend is .43 ;
Reasoning Steps:
Step: minus1-1(.455, .450) = .005
Step: divide1-2(#0, .450) = .0111
Step: multiply1-3(#1, const_100) = 1.11%
Program:
subtract(.455, .450), divide(#0, .450), multiply(#1, const_100)
Program (Nested):
multiply(divide(subtract(.455, .450), .450), const_100)
| finqa186 |
what portion of the adjusted consolidated cash flow for the twelve months ended december 31 , 2005 is related to non-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_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 ;
table_5: tower cash flow for the three months ended december 31 2005 the non-tower cash flow for the twelve months ended december 31 2005 of $ 139590 is $ -30584 ( 30584 ) ;
Reasoning Steps:
Step: multiply0-0(30584, const_m1) = -30584
Step: divide1-1(-30584, 531822) = -5.8%
Program:
multiply(30584, const_m1), divide(#0, 531822)
Program (Nested):
divide(multiply(30584, const_m1), 531822)
| -0.05751 | 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 non-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_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 ;
table_5: tower cash flow for the three months ended december 31 2005 the non-tower cash flow for the twelve months ended december 31 2005 of $ 139590 is $ -30584 ( 30584 ) ;
Reasoning Steps:
Step: multiply0-0(30584, const_m1) = -30584
Step: divide1-1(-30584, 531822) = -5.8%
Program:
multiply(30584, const_m1), divide(#0, 531822)
Program (Nested):
divide(multiply(30584, const_m1), 531822)
| finqa187 |
what is the growth rate in net revenue in 2008 compare to 2007?
Important information:
text_2: following is an analysis of the change in net revenue comparing 2008 to 2007 .
table_1: the 2007 net revenue of amount ( in millions ) is $ 231.0 ;
table_7: the 2008 net revenue of amount ( in millions ) is $ 252.7 ;
Reasoning Steps:
Step: minus1-1(252.7, 231.0) = 21.7
Step: divide1-2(#0, 231.0) = 9.4%
Program:
subtract(252.7, 231.0), divide(#0, 231.0)
Program (Nested):
divide(subtract(252.7, 231.0), 231.0)
| 0.09394 | 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 is the growth rate in net revenue in 2008 compare to 2007?
Important information:
text_2: following is an analysis of the change in net revenue comparing 2008 to 2007 .
table_1: the 2007 net revenue of amount ( in millions ) is $ 231.0 ;
table_7: the 2008 net revenue of amount ( in millions ) is $ 252.7 ;
Reasoning Steps:
Step: minus1-1(252.7, 231.0) = 21.7
Step: divide1-2(#0, 231.0) = 9.4%
Program:
subtract(252.7, 231.0), divide(#0, 231.0)
Program (Nested):
divide(subtract(252.7, 231.0), 231.0)
| finqa188 |
what is the total operating income in 2013 , ( in millions ) ?
Important information:
text_1: operating income operating income increased $ 108 million , or 7% ( 7 % ) , from 2013 to $ 1.6 billion in 2014 .
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 ;
Key Information: 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 .
Reasoning Steps:
Step: multiply2-1(1.6, const_1000) = 1600
Step: minus2-2(#0, 108) = 1492
Program:
multiply(1.6, const_1000), subtract(#0, 108)
Program (Nested):
subtract(multiply(1.6, const_1000), 108)
| 1492.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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 total operating income in 2013 , ( in millions ) ?
Important information:
text_1: operating income operating income increased $ 108 million , or 7% ( 7 % ) , from 2013 to $ 1.6 billion in 2014 .
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 ;
Key Information: 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 .
Reasoning Steps:
Step: multiply2-1(1.6, const_1000) = 1600
Step: minus2-2(#0, 108) = 1492
Program:
multiply(1.6, const_1000), subtract(#0, 108)
Program (Nested):
subtract(multiply(1.6, const_1000), 108)
| finqa189 |
what is the net change in net revenue for entergy texas , inc . during 2007?
Important information:
table_1: the 2006 net revenue of amount ( in millions ) is $ 403.3 ;
table_6: the base revenue of amount ( in millions ) is 2.6 ;
table_8: the 2007 net revenue of amount ( in millions ) is $ 442.3 ;
Reasoning Steps:
Step: minus2-1(442.3, 403.3) = 39
Program:
subtract(442.3, 403.3)
Program (Nested):
subtract(442.3, 403.3)
| 39.0 | 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:
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 is the net change in net revenue for entergy texas , inc . during 2007?
Important information:
table_1: the 2006 net revenue of amount ( in millions ) is $ 403.3 ;
table_6: the base revenue of amount ( in millions ) is 2.6 ;
table_8: the 2007 net revenue of amount ( in millions ) is $ 442.3 ;
Reasoning Steps:
Step: minus2-1(442.3, 403.3) = 39
Program:
subtract(442.3, 403.3)
Program (Nested):
subtract(442.3, 403.3)
| finqa190 |
what is the rate of return of an investment in s&p500 inc from 2001 to 2005?
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: minus2-1(111.15, const_100) = 11.15
Step: divide2-2(#0, const_100) = 11.2%
Program:
subtract(111.15, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(111.15, const_100), const_100)
| 0.1115 | 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 is the rate of return of an investment in s&p500 inc from 2001 to 2005?
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: minus2-1(111.15, const_100) = 11.15
Step: divide2-2(#0, const_100) = 11.2%
Program:
subtract(111.15, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(111.15, const_100), const_100)
| finqa191 |
what was the profit margin in 2015
Important information:
text_4: the purchase price was $ 85.0 million , adjusted for working capital .
table_1: ( in thousands ) the net revenues of year ended december 31 , 2015 is $ 3967008 ; the net revenues of year ended december 31 , 2014 is $ 3098341 ;
table_2: ( in thousands ) the net income of year ended december 31 , 2015 is 231277 ; the net income of year ended december 31 , 2014 is 189659 ;
Reasoning Steps:
Step: divide1-1(231277, 3967008) = 5.8%
Program:
divide(231277, 3967008)
Program (Nested):
divide(231277, 3967008)
| 0.0583 | 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:
simplify the presentation of deferred income taxes and reduce complexity without decreasing the usefulness of information provided to users of financial statements . the adoption of this pronouncement did not have a significant impact on the company 2019s financial position , results of operations and cash flows . 3 . acquisitions endomondo on january 5 , 2015 , the company acquired 100% ( 100 % ) of the outstanding equity of endomondo , a denmark- based digital connected fitness company , to expand the under armour connected fitness community . the purchase price was $ 85.0 million , adjusted for working capital . the company recognized $ 0.6 million and $ 0.8 million in acquisition related costs that were expensed during the three months ended march 31 , 2015 and december 31 , 2014 , respectively . these costs are included in the consolidated statements of income in the line item entitled 201cselling , general and administrative expenses . 201d pro forma results are not presented , as the acquisition was not considered material to the consolidated company . myfitnesspal on march 17 , 2015 , the company acquired 100% ( 100 % ) of the outstanding equity of mfp , a digital nutrition and connected fitness company , to expand the under armour connected fitness community . the final adjusted transaction value totaled $ 474.0 million . the total consideration of $ 463.9 million was adjusted to reflect the accelerated vesting of certain share awards of mfp , which are not conditioned upon continued employment , and transaction costs borne by the selling shareholders . the acquisition was funded with $ 400.0 million of increased term loan borrowings and a draw on the revolving credit facility , with the remaining amount funded by cash on the company recognized $ 5.7 million of acquisition related costs that were expensed during the three months ended march 31 , 2015 . these costs are included in the consolidated statement of income in the line item entitled 201cselling , general and administrative expenses . 201d the following represents the pro forma consolidated income statement as if mfp had been included in the consolidated results of the company for the year ended december 31 , 2015 and december 31 , 2014: .
Table
( in thousands ) | year ended december 31 , 2015 | year ended december 31 , 2014
net revenues | $ 3967008 | $ 3098341
net income | 231277 | 189659
these amounts have been calculated after applying the company 2019s accounting policies and adjusting the results of mfp to reflect the acquisition as if it closed on january 1 , 2014 . pro forma net income for the year ended december 31 , 2014 includes $ 5.7 million in transaction expenses which were included in the consolidated statement of income for the year ended december 31 , 2015 , but excluded from the calculation of pro forma net income for december 31 , 2015. .
Question:
what was the profit margin in 2015
Important information:
text_4: the purchase price was $ 85.0 million , adjusted for working capital .
table_1: ( in thousands ) the net revenues of year ended december 31 , 2015 is $ 3967008 ; the net revenues of year ended december 31 , 2014 is $ 3098341 ;
table_2: ( in thousands ) the net income of year ended december 31 , 2015 is 231277 ; the net income of year ended december 31 , 2014 is 189659 ;
Reasoning Steps:
Step: divide1-1(231277, 3967008) = 5.8%
Program:
divide(231277, 3967008)
Program (Nested):
divide(231277, 3967008)
| finqa192 |
during 2013 , what was the ratio of the accrued interest $ 1.2 million to the recognized a interest liability interest of $ 17.0 million .
Important information:
text_8: related to the unrecognized tax benefits previously noted , we recorded interest expense of approximately $ 1.2 million during 2015 and , in total as of december 31 , 2015 , have recognized a liability for penalties of $ 0.5 million and interest of $ 10.3 million .
text_9: during 2014 , we accrued interest of approximately $ 1.5 million and , in total as of december 31 , 2014 , had recognized a liability for penalties of $ 0.5 million and interest of $ 18.7 million .
text_10: during 2013 , we accrued interest of approximately $ 1.2 million and , in total as of december 31 , 2013 , had recognized a liability for penalties of $ 0.5 million and interest of $ 17.0 million .
Reasoning Steps:
Step: divide2-1(17.0, 1.2) = 14.2
Program:
divide(17.0, 1.2)
Program (Nested):
divide(17.0, 1.2)
| 14.16667 | 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 ) the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31: .
Table
| 2015 | 2014 | 2013
balance at beginning of year | $ 70.1 | $ 72.0 | $ 84.7
additions based on tax positions related to current year | 0.2 | 0.8 | 0.3
additions for tax positions of prior years | 1.4 | 5.0 | 11.4
reductions for tax positions of prior years | -10.2 ( 10.2 ) | -6.0 ( 6.0 ) | -2.4 ( 2.4 )
reductions for tax positions resulting from lapse of statute of limitations | -0.6 ( 0.6 ) | -0.2 ( 0.2 ) | -1.3 ( 1.3 )
settlements | -13.9 ( 13.9 ) | -1.5 ( 1.5 ) | -20.7 ( 20.7 )
balance at end of year | $ 47.0 | $ 70.1 | $ 72.0
during 2015 , we settled tax matters in various states and puerto rico which reduced our gross unrecognized tax benefits by $ 13.9 million . during 2014 , we settled tax matters in various jurisdictions and reduced our gross unrecognized tax benefits by $ 1.5 million . during 2013 , we settled with the irs appeals division and the joint committee on taxation our 2009 and 2010 tax years . the resolution of these tax periods in addition to various state tax resolutions during the year reduced our gross unrecognized tax benefits by $ 20.7 million . included in our gross unrecognized tax benefits as of december 31 , 2015 and 2014 are $ 30.5 million and $ 45.6 million of unrecognized tax benefits ( net of the federal benefit on state matters ) that , if recognized , would affect our effective income tax rate in future periods . we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income . related to the unrecognized tax benefits previously noted , we recorded interest expense of approximately $ 1.2 million during 2015 and , in total as of december 31 , 2015 , have recognized a liability for penalties of $ 0.5 million and interest of $ 10.3 million . during 2014 , we accrued interest of approximately $ 1.5 million and , in total as of december 31 , 2014 , had recognized a liability for penalties of $ 0.5 million and interest of $ 18.7 million . during 2013 , we accrued interest of approximately $ 1.2 million and , in total as of december 31 , 2013 , had recognized a liability for penalties of $ 0.5 million and interest of $ 17.0 million . gross unrecognized benefits that we expect to settle in the following twelve months are in the range of $ 0 to $ 10 million ; however , it is reasonably possible that the amount of unrecognized tax benefits may either increase or decrease in the next twelve months . we are currently under examination or administrative review by state and local taxing authorities for various tax years . these state audits are ongoing . we believe the recorded liabilities for uncertain tax positions are adequate . however , a significant assessment against us in excess of the liabilities recorded could have a material adverse effect on our consolidated financial position , results of operations or cash flows. .
Question:
during 2013 , what was the ratio of the accrued interest $ 1.2 million to the recognized a interest liability interest of $ 17.0 million .
Important information:
text_8: related to the unrecognized tax benefits previously noted , we recorded interest expense of approximately $ 1.2 million during 2015 and , in total as of december 31 , 2015 , have recognized a liability for penalties of $ 0.5 million and interest of $ 10.3 million .
text_9: during 2014 , we accrued interest of approximately $ 1.5 million and , in total as of december 31 , 2014 , had recognized a liability for penalties of $ 0.5 million and interest of $ 18.7 million .
text_10: during 2013 , we accrued interest of approximately $ 1.2 million and , in total as of december 31 , 2013 , had recognized a liability for penalties of $ 0.5 million and interest of $ 17.0 million .
Reasoning Steps:
Step: divide2-1(17.0, 1.2) = 14.2
Program:
divide(17.0, 1.2)
Program (Nested):
divide(17.0, 1.2)
| finqa193 |
in 2009 what was the ratio of the commercial mortgages at fair value to lower of cost or market \\n
Important information:
table_1: in millions the commercial mortgages at fair value of dec.31 2009 is $ 1050 ; the commercial mortgages at fair value of dec . 312008 is $ 1401 ;
table_2: in millions the commercial mortgages at lower of cost or market of dec.31 2009 is 251 ; the commercial mortgages at lower of cost or market of dec . 312008 is 747 ;
table_3: in millions the total commercial mortgages of dec.31 2009 is 1301 ; the total commercial mortgages of dec . 312008 is 2148 ;
Reasoning Steps:
Step: divide1-1(1050, 251) = 4.18
Program:
divide(1050, 251)
Program (Nested):
divide(1050, 251)
| 4.18327 | 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:
december 31 , 2009 , $ 397 million of the credit losses related to securities rated below investment grade . as of december 31 , 2009 , the noncredit portion of otti losses recorded in accumulated other comprehensive loss for non-agency residential mortgage-backed securities totaled $ 1.1 billion and the related securities had a fair value of $ 2.6 billion . the fair value of sub-investment grade investment securities for which we have not recorded an otti credit loss as of december 31 , 2009 totaled $ 2.6 billion , with unrealized net losses of $ 658 million . the results of our security-level assessments indicate that we will recover the entire cost basis of these securities . note 7 investment securities in the notes to consolidated financial statements of this report provides further detail regarding our process for assessing otti for these securities . commercial mortgage-backed securities the fair value of the non-agency commercial mortgage- backed securities portfolio was $ 6.1 billion at december 31 , 2009 and consisted of fixed-rate , private-issuer securities collateralized by non-residential properties , primarily retail properties , office buildings , and multi-family housing . the agency commercial mortgage-backed securities portfolio was $ 1.3 billion fair value at december 31 , 2009 consisting of multi-family housing . substantially all of the securities are the most senior tranches in the subordination structure . we recorded otti credit losses of $ 6 million on non-agency commercial mortgage-backed securities during 2009 . the remaining fair value of the securities for which otti was recorded approximates zero . all of the credit-impaired securities were rated below investment grade . asset-backed securities the fair value of the asset-backed securities portfolio was $ 4.8 billion at december 31 , 2009 and consisted of fixed-rate and floating-rate , private-issuer securities collateralized primarily by various consumer credit products , including residential mortgage loans , credit cards , and automobile loans . substantially all of the securities are senior tranches in the securitization structure and have credit protection in the form of credit enhancement , over-collateralization and/or excess spread accounts . we recorded otti credit losses of $ 111 million on asset- backed securities during 2009 . all of the securities were collateralized by first and second lien residential mortgage loans and were rated below investment grade . as of december 31 , 2009 , the noncredit portion of otti losses recorded in accumulated other comprehensive loss for asset- backed securities totaled $ 221 million and the related securities had a fair value of $ 562 million . for the sub-investment grade investment securities for which we have not recorded an otti loss through december 31 , 2009 , the remaining fair value was $ 381 million , with unrealized net losses of $ 110 million . the results of our security-level assessments indicate that we will recover the entire cost basis of these securities . note 7 investment securities in the notes to consolidated financial statements of this report provides further detail regarding our process for assessing otti for these securities . if the current housing and economic conditions were to continue for the foreseeable future or worsen , if market volatility and illiquidity were to continue or worsen , or if market interest rates were to increase appreciably , the valuation of our investment securities portfolio could continue to be adversely affected and we could incur additional otti credit losses that would impact our consolidated income statement . loans held for sale in millions dec . 31 dec . 31 .
Table
in millions | dec.31 2009 | dec . 312008
commercial mortgages at fair value | $ 1050 | $ 1401
commercial mortgages at lower of cost or market | 251 | 747
total commercial mortgages | 1301 | 2148
residential mortgages at fair value | 1012 | 1824
residential mortgages at lower of cost or market | | 138
total residential mortgages | 1012 | 1962
other | 226 | 256
total | $ 2539 | $ 4366
we stopped originating commercial mortgage loans held for sale designated at fair value during the first quarter of 2008 and intend to continue pursuing opportunities to reduce these positions at appropriate prices . for commercial mortgages held for sale carried at the lower of cost or market , strong origination volumes partially offset sales to government agencies of $ 5.4 billion during 2009 . we recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges , carried at fair value and lower of cost or market compared with losses of $ 197 million in 2008 . we sold $ .3 billion and $ .6 billion , respectively , of commercial mortgage loans held for sale carried at fair value in 2009 and 2008 . residential mortgage loans held for sale decreased during 2009 despite strong refinancing volumes , especially in the first quarter . loan origination volume was $ 19.1 billion . substantially all such loans were originated to agency standards . we sold $ 19.8 billion of loans and recognized related gains of $ 435 million during 2009 . net interest income on residential mortgage loans held for sale was $ 332 million for 2009. .
Question:
in 2009 what was the ratio of the commercial mortgages at fair value to lower of cost or market \\n
Important information:
table_1: in millions the commercial mortgages at fair value of dec.31 2009 is $ 1050 ; the commercial mortgages at fair value of dec . 312008 is $ 1401 ;
table_2: in millions the commercial mortgages at lower of cost or market of dec.31 2009 is 251 ; the commercial mortgages at lower of cost or market of dec . 312008 is 747 ;
table_3: in millions the total commercial mortgages of dec.31 2009 is 1301 ; the total commercial mortgages of dec . 312008 is 2148 ;
Reasoning Steps:
Step: divide1-1(1050, 251) = 4.18
Program:
divide(1050, 251)
Program (Nested):
divide(1050, 251)
| finqa194 |
in 2019 what was the percent of the total future estimated cash payments under existing contractual obligations associated with long-term debt that was due in 2020
Important information:
table_1: in millions the long-term debt ( a ) of payments due by fiscal year total is $ 13093.0 ; the long-term debt ( a ) of payments due by fiscal year 2020 is $ 1396.3 ; the long-term debt ( a ) of payments due by fiscal year 2021 -22 is $ 3338.4 ; the long-term debt ( a ) of payments due by fiscal year 2023 -24 is $ 2810.2 ; the long-term debt ( a ) of payments due by fiscal year 2025 and thereafter is $ 5548.1 ;
table_6: in millions the total contractual obligations of payments due by fiscal year total is 16630.3 ; the total contractual obligations of payments due by fiscal year 2020 is 4214.2 ; the total contractual obligations of payments due by fiscal year 2021 -22 is 3847.1 ; the total contractual obligations of payments due by fiscal year 2023 -24 is 2950.7 ; the total contractual obligations of payments due by fiscal year 2025 and thereafter is 5618.3 ;
table_8: in millions the total long-term obligations of payments due by fiscal year total is $ 17932.7 ; the total long-term obligations of payments due by fiscal year 2020 is $ 4214.2 ; the total long-term obligations of payments due by fiscal year 2021 -22 is $ 3847.1 ; the total long-term obligations of payments due by fiscal year 2023 -24 is $ 2950.7 ; the total long-term obligations of payments due by fiscal year 2025 and thereafter is $ 5618.3 ;
Reasoning Steps:
Step: divide2-1(1396.3, 13093.0) = 10.7%
Program:
divide(1396.3, 13093.0)
Program (Nested):
divide(1396.3, 13093.0)
| 0.10664 | 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 summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
Table
in millions | payments due by fiscal year total | payments due by fiscal year 2020 | payments due by fiscal year 2021 -22 | payments due by fiscal year 2023 -24 | payments due by fiscal year 2025 and thereafter
long-term debt ( a ) | $ 13093.0 | $ 1396.3 | $ 3338.4 | $ 2810.2 | $ 5548.1
accrued interest | 92.6 | 92.6 | - | - | -
operating leases ( b ) | 482.6 | 120.0 | 186.7 | 112.9 | 63.0
capital leases | 0.3 | 0.2 | 0.1 | - | -
purchase obligations ( c ) | 2961.8 | 2605.1 | 321.9 | 27.6 | 7.2
total contractual obligations | 16630.3 | 4214.2 | 3847.1 | 2950.7 | 5618.3
other long-term obligations ( d ) | 1302.4 | - | - | - | -
total long-term obligations | $ 17932.7 | $ 4214.2 | $ 3847.1 | $ 2950.7 | $ 5618.3
( a ) amounts represent the expected cash payments of our long-term debt and do not include $ 0.3 million for capital leases or $ 72.0 million for net unamortized debt issuance costs , premiums and discounts , and fair value adjustments . ( b ) operating leases represents the minimum rental commitments under non-cancelable operating leases . ( c ) the majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands . for purposes of this table , arrangements are considered purchase obligations if a contract specifies all significant terms , including fixed or minimum quantities to be purchased , a pricing structure , and approximate timing of the transaction . most arrangements are cancelable without a significant penalty and with short notice ( usually 30 days ) . any amounts reflected on the consolidated balance sheets as accounts payable and accrued liabilities are excluded from the table above . ( d ) the fair value of our foreign exchange , equity , commodity , and grain derivative contracts with a payable position to the counterparty was $ 17.3 million as of may 26 , 2019 , based on fair market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations mainly consist of liabilities for accrued compensation and benefits , including the underfunded status of certain of our defined benefit pension , other postretirement benefit , and postemployment benefit plans , and miscellaneous liabilities . we expect to pay approximately $ 20 million of benefits from our unfunded postemployment benefit plans and approximately $ 18 million of deferred compensation in fiscal 2020 . we are unable to reliably estimate the amount of these payments beyond fiscal 2020 . as of may 26 , 2019 , our total liability for uncertain tax positions and accrued interest and penalties was $ 165.1 million . significant accounting estimates for a complete description of our significant accounting policies , please see note 2 to the consolidated financial statements in item 8 of this report . our significant accounting estimates are those that have a meaningful impact on the reporting of our financial condition and results of operations . these estimates include our accounting for promotional expenditures , valuation of long-lived assets , intangible assets , redeemable interest , stock-based compensation , income taxes , and defined benefit pension , other postretirement benefit , and postemployment benefit plans . revenue recognition our revenues are reported net of variable consideration and consideration payable to our customers , including trade promotion , consumer coupon redemption and other costs , including estimated allowances for returns , unsalable product , and prompt pay discounts . trade promotions are recorded using significant judgment of estimated participation and performance levels for offered programs at the time of sale . differences between estimated expenses and actual costs are recognized as a change in management estimate in a subsequent period . our accrued trade liabilities were $ 484 million as of may 26 , 2019 , and $ 500 million as of may 27 , 2018 . because these amounts are significant , if our estimates are inaccurate we would have to make adjustments in subsequent periods that could have a significant effect on our results of operations. .
Question:
in 2019 what was the percent of the total future estimated cash payments under existing contractual obligations associated with long-term debt that was due in 2020
Important information:
table_1: in millions the long-term debt ( a ) of payments due by fiscal year total is $ 13093.0 ; the long-term debt ( a ) of payments due by fiscal year 2020 is $ 1396.3 ; the long-term debt ( a ) of payments due by fiscal year 2021 -22 is $ 3338.4 ; the long-term debt ( a ) of payments due by fiscal year 2023 -24 is $ 2810.2 ; the long-term debt ( a ) of payments due by fiscal year 2025 and thereafter is $ 5548.1 ;
table_6: in millions the total contractual obligations of payments due by fiscal year total is 16630.3 ; the total contractual obligations of payments due by fiscal year 2020 is 4214.2 ; the total contractual obligations of payments due by fiscal year 2021 -22 is 3847.1 ; the total contractual obligations of payments due by fiscal year 2023 -24 is 2950.7 ; the total contractual obligations of payments due by fiscal year 2025 and thereafter is 5618.3 ;
table_8: in millions the total long-term obligations of payments due by fiscal year total is $ 17932.7 ; the total long-term obligations of payments due by fiscal year 2020 is $ 4214.2 ; the total long-term obligations of payments due by fiscal year 2021 -22 is $ 3847.1 ; the total long-term obligations of payments due by fiscal year 2023 -24 is $ 2950.7 ; the total long-term obligations of payments due by fiscal year 2025 and thereafter is $ 5618.3 ;
Reasoning Steps:
Step: divide2-1(1396.3, 13093.0) = 10.7%
Program:
divide(1396.3, 13093.0)
Program (Nested):
divide(1396.3, 13093.0)
| finqa195 |
for fiscal 2018 , what percentage of the total change in the valuation allowance was due to settlements with taxing authorities?
Important information:
text_16: for fiscal 2018 , the total change in the valuation allowance was $ 80.9 million .
table_5: the settlements with taxing authorities of 2018 is 2014 ; the settlements with taxing authorities of 2017 is -3876 ( 3876 ) ;
table_8: the ending balance of 2018 is $ 196152 ; the ending balance of 2017 is $ 172945 ;
Reasoning Steps:
Step: divide2-1(0, 80.9) = 0
Program:
divide(0, 80.9)
Program (Nested):
divide(0, 80.9)
| 0.0 | 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 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:
for fiscal 2018 , what percentage of the total change in the valuation allowance was due to settlements with taxing authorities?
Important information:
text_16: for fiscal 2018 , the total change in the valuation allowance was $ 80.9 million .
table_5: the settlements with taxing authorities of 2018 is 2014 ; the settlements with taxing authorities of 2017 is -3876 ( 3876 ) ;
table_8: the ending balance of 2018 is $ 196152 ; the ending balance of 2017 is $ 172945 ;
Reasoning Steps:
Step: divide2-1(0, 80.9) = 0
Program:
divide(0, 80.9)
Program (Nested):
divide(0, 80.9)
| finqa196 |
what was the percent of the debt maturities outstanding at december 31 , 2013 that was unsecured debt
Important information:
table_5: the total of 2013 is $ 91798 ; the total of 2012 is $ 63884 ; the total of 2011 is $ 99264 ;
text_8: at december 31 , 2013 we had three series of preferred stock outstanding .
text_14: of this total amount , we had $ 3.1 billion of unsecured debt , $ 1.1 billion of secured debt and $ 88.0 million outstanding on the drlp unsecured line of credit at december 31 , 2013 .
Reasoning Steps:
Step: divide2-1(3.1, 4.3) = 72.1%
Program:
divide(3.1, 4.3)
Program (Nested):
divide(3.1, 4.3)
| 0.72093 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
annual report 2013 duke realty corporation 37 in addition to the capitalization of overhead costs discussed above , we also capitalized $ 16.8 million , $ 9.4 million and $ 4.3 million of interest costs in the years ended december 31 , 2013 , 2012 and 2011 , respectively . the following table summarizes our second generation capital expenditures by reportable operating segment ( in thousands ) : .
Table
| 2013 | 2012 | 2011
industrial | $ 41971 | $ 33095 | $ 34872
office | 46600 | 30092 | 63933
medical office | 3106 | 641 | 410
non-reportable rental operations segments | 121 | 56 | 49
total | $ 91798 | $ 63884 | $ 99264
both our first and second generation expenditures vary significantly between leases on a per square foot basis , dependent upon several factors including the product type , the nature of a tenant's operations , the specific physical characteristics of each individual property as well as the market in which the property is located . second generation expenditures related to the 79 suburban office buildings that were sold in the blackstone office disposition totaled $ 26.2 million in 2011 . dividends and distributions we are required to meet the distribution requirements of the internal revenue code of 1986 , as amended ( the "code" ) , in order to maintain our reit status . we paid dividends of $ 0.68 per common share for each of the years ended december 31 , 2013 , 2012 and 2011 . we expect to continue to distribute at least an amount equal to our taxable earnings , to meet the requirements to maintain our reit status , and additional amounts as determined by our board of directors . distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . at december 31 , 2013 we had three series of preferred stock outstanding . the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 6.625% ( 6.625 % ) and are paid quarterly in arrears . in february 2013 , we redeemed all of our outstanding series o shares for a total payment of $ 178.0 million , thus reducing our future quarterly dividend commitments by $ 3.7 million . in march 2012 , we redeemed all of our 6.950% ( 6.950 % ) series m cumulative redeemable preferred shares ( "series m shares" ) for a total payment of $ 168.3 million , thus reducing our future quarterly dividend commitments by $ 2.9 million . in july 2011 , we redeemed all of our 7.25% ( 7.25 % ) series n cumulative redeemable preferred shares ( "series n shares" ) for a total payment of $ 108.6 million , thus reducing our future quarterly dividend commitments by $ 2.0 million . debt maturities debt outstanding at december 31 , 2013 had a face value totaling $ 4.3 billion with a weighted average interest rate of 5.49% ( 5.49 % ) and with maturity dates ranging between 2014 and 2028 . of this total amount , we had $ 3.1 billion of unsecured debt , $ 1.1 billion of secured debt and $ 88.0 million outstanding on the drlp unsecured line of credit at december 31 , 2013 . we made scheduled and unscheduled principal payments of $ 1.0 billion on outstanding debt during the year ended december 31 , 2013. .
Question:
what was the percent of the debt maturities outstanding at december 31 , 2013 that was unsecured debt
Important information:
table_5: the total of 2013 is $ 91798 ; the total of 2012 is $ 63884 ; the total of 2011 is $ 99264 ;
text_8: at december 31 , 2013 we had three series of preferred stock outstanding .
text_14: of this total amount , we had $ 3.1 billion of unsecured debt , $ 1.1 billion of secured debt and $ 88.0 million outstanding on the drlp unsecured line of credit at december 31 , 2013 .
Reasoning Steps:
Step: divide2-1(3.1, 4.3) = 72.1%
Program:
divide(3.1, 4.3)
Program (Nested):
divide(3.1, 4.3)
| finqa197 |
what is the anticipated percentage increase in the capital investment in 2007 from 2006
Important information:
table_5: millions of dollars the total of 2006 is $ 2242 ; the total of 2005 is $ 2169 ; the total of 2004 is $ 1876 ;
text_2: in 2007 , we expect our total capital investments to be approximately $ 3.2 billion , which may include long- term leases .
text_5: we expect to fund our 2007 cash capital investments through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 .
Reasoning Steps:
Step: minus2-1(3.2, 2242) = 0.96
Step: divide2-2(#0, 2242) = 42.9%
Program:
subtract(3.2, 2242), divide(#0, 2242)
Program (Nested):
divide(subtract(3.2, 2242), 2242)
| -0.99857 | 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 table below details cash capital investments for the years ended december 31 , 2006 , 2005 , and 2004 . millions of dollars 2006 2005 2004 .
Table
millions of dollars | 2006 | 2005 | 2004
track | $ 1487 | $ 1472 | $ 1328
capacity and commercial facilities | 510 | 509 | 347
locomotives and freight cars | 135 | 98 | 125
other | 110 | 90 | 76
total | $ 2242 | $ 2169 | $ 1876
in 2007 , we expect our total capital investments to be approximately $ 3.2 billion , which may include long- term leases . these investments will be used to maintain track and structures , continue capacity expansions on our main lines in constrained corridors , remove bottlenecks , upgrade and augment equipment to better meet customer needs , build and improve facilities and terminals , and develop and implement new technologies . we designed these investments to maintain infrastructure for safety , enhance customer service , promote growth , and improve operational fluidity . we expect to fund our 2007 cash capital investments through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 . we expect that these sources will continue to provide sufficient funds to meet our expected capital requirements for 2007 . for the years ended december 31 , 2006 , 2005 , and 2004 , our ratio of earnings to fixed charges was 4.4 , 2.9 , and 2.1 , respectively . the increases in 2006 and 2005 were driven by higher net income . the ratio of earnings to fixed charges was computed on a consolidated basis . earnings represent income from continuing operations , less equity earnings net of distributions , plus fixed charges and income taxes . fixed charges represent interest charges , amortization of debt discount , and the estimated amount representing the interest portion of rental charges . see exhibit 12 for the calculation of the ratio of earnings to fixed charges . financing activities credit facilities 2013 on december 31 , 2006 , we had $ 2 billion in revolving credit facilities available , including $ 1 billion under a five-year facility expiring in march 2009 and $ 1 billion under a five-year facility expiring in march 2010 ( collectively , the "facilities" ) . the facilities are designated for general corporate purposes and support the issuance of commercial paper . neither of the facilities were drawn on in 2006 . commitment fees and interest rates payable under the facilities are similar to fees and rates available to comparably rated investment-grade borrowers . these facilities allow for borrowings at floating rates based on london interbank offered rates , plus a spread , depending upon our senior unsecured debt ratings . the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio . at december 31 , 2006 , we were in compliance with these covenants . the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral . in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 . neither of these lines of credit were used as of december 31 , 2006 . we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines . dividends 2013 on january 30 , 2007 , we increased the quarterly dividend to $ 0.35 per share , payable beginning on april 2 , 2007 , to shareholders of record on february 28 , 2007 . we expect to fund the increase in the quarterly dividend through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 . dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under our credit facilities . retained earnings available .
Question:
what is the anticipated percentage increase in the capital investment in 2007 from 2006
Important information:
table_5: millions of dollars the total of 2006 is $ 2242 ; the total of 2005 is $ 2169 ; the total of 2004 is $ 1876 ;
text_2: in 2007 , we expect our total capital investments to be approximately $ 3.2 billion , which may include long- term leases .
text_5: we expect to fund our 2007 cash capital investments through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 .
Reasoning Steps:
Step: minus2-1(3.2, 2242) = 0.96
Step: divide2-2(#0, 2242) = 42.9%
Program:
subtract(3.2, 2242), divide(#0, 2242)
Program (Nested):
divide(subtract(3.2, 2242), 2242)
| finqa198 |
in 2006 what was the percent of the total investments amount attributable to the track
Important information:
table_1: millions of dollars the track of 2006 is $ 1487 ; the track of 2005 is $ 1472 ; the track of 2004 is $ 1328 ;
table_3: millions of dollars the locomotives and freight cars of 2006 is 135 ; the locomotives and freight cars of 2005 is 98 ; the locomotives and freight cars of 2004 is 125 ;
table_5: millions of dollars the total of 2006 is $ 2242 ; the total of 2005 is $ 2169 ; the total of 2004 is $ 1876 ;
Reasoning Steps:
Step: divide1-1(1487, 2242) = 66.3%
Program:
divide(1487, 2242)
Program (Nested):
divide(1487, 2242)
| 0.66325 | 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 table below details cash capital investments for the years ended december 31 , 2006 , 2005 , and 2004 . millions of dollars 2006 2005 2004 .
Table
millions of dollars | 2006 | 2005 | 2004
track | $ 1487 | $ 1472 | $ 1328
capacity and commercial facilities | 510 | 509 | 347
locomotives and freight cars | 135 | 98 | 125
other | 110 | 90 | 76
total | $ 2242 | $ 2169 | $ 1876
in 2007 , we expect our total capital investments to be approximately $ 3.2 billion , which may include long- term leases . these investments will be used to maintain track and structures , continue capacity expansions on our main lines in constrained corridors , remove bottlenecks , upgrade and augment equipment to better meet customer needs , build and improve facilities and terminals , and develop and implement new technologies . we designed these investments to maintain infrastructure for safety , enhance customer service , promote growth , and improve operational fluidity . we expect to fund our 2007 cash capital investments through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 . we expect that these sources will continue to provide sufficient funds to meet our expected capital requirements for 2007 . for the years ended december 31 , 2006 , 2005 , and 2004 , our ratio of earnings to fixed charges was 4.4 , 2.9 , and 2.1 , respectively . the increases in 2006 and 2005 were driven by higher net income . the ratio of earnings to fixed charges was computed on a consolidated basis . earnings represent income from continuing operations , less equity earnings net of distributions , plus fixed charges and income taxes . fixed charges represent interest charges , amortization of debt discount , and the estimated amount representing the interest portion of rental charges . see exhibit 12 for the calculation of the ratio of earnings to fixed charges . financing activities credit facilities 2013 on december 31 , 2006 , we had $ 2 billion in revolving credit facilities available , including $ 1 billion under a five-year facility expiring in march 2009 and $ 1 billion under a five-year facility expiring in march 2010 ( collectively , the "facilities" ) . the facilities are designated for general corporate purposes and support the issuance of commercial paper . neither of the facilities were drawn on in 2006 . commitment fees and interest rates payable under the facilities are similar to fees and rates available to comparably rated investment-grade borrowers . these facilities allow for borrowings at floating rates based on london interbank offered rates , plus a spread , depending upon our senior unsecured debt ratings . the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio . at december 31 , 2006 , we were in compliance with these covenants . the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral . in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 . neither of these lines of credit were used as of december 31 , 2006 . we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines . dividends 2013 on january 30 , 2007 , we increased the quarterly dividend to $ 0.35 per share , payable beginning on april 2 , 2007 , to shareholders of record on february 28 , 2007 . we expect to fund the increase in the quarterly dividend through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 . dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under our credit facilities . retained earnings available .
Question:
in 2006 what was the percent of the total investments amount attributable to the track
Important information:
table_1: millions of dollars the track of 2006 is $ 1487 ; the track of 2005 is $ 1472 ; the track of 2004 is $ 1328 ;
table_3: millions of dollars the locomotives and freight cars of 2006 is 135 ; the locomotives and freight cars of 2005 is 98 ; the locomotives and freight cars of 2004 is 125 ;
table_5: millions of dollars the total of 2006 is $ 2242 ; the total of 2005 is $ 2169 ; the total of 2004 is $ 1876 ;
Reasoning Steps:
Step: divide1-1(1487, 2242) = 66.3%
Program:
divide(1487, 2242)
Program (Nested):
divide(1487, 2242)
| finqa199 |
what portion of the robert mondavi's total assets acquired is related to goodwill?
Important information:
table_4: current assets the goodwill of $ 513782 is 634203 ;
table_5: current assets the total assets acquired of $ 513782 is 1848575 ;
table_8: current assets the total liabilities assumed of $ 513782 is 805914 ;
Reasoning Steps:
Step: divide2-1(634203, 1848575) = 34.3%
Program:
divide(634203, 1848575)
Program (Nested):
divide(634203, 1848575)
| 0.34308 | 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:
c o n s t e l l a t i o n b r a n d s , i n c . baroness philippine de rothschild announced an agree- ment to maintain equal ownership of opus one . opus one produces fine wines at its napa valley winery . the acquisition of robert mondavi supports the com- pany 2019s strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the premium , super-premium and fine wine categories . the company believes that the acquired robert mondavi brand names have strong brand recognition globally . the vast majority of sales from these brands are generated in the united states . the company is leveraging the robert mondavi brands in the united states through its selling , marketing and distribution infrastructure . the company also intends to further expand distribution for the robert mondavi brands in europe through its constellation europe infrastructure . the robert mondavi acquisition supports the com- pany 2019s strategy of growth and breadth across categories and geographies , and strengthens its competitive position in its core markets . the robert mondavi acquisition provides the company with a greater presence in the growing premium , super-premium and fine wine sectors within the united states and the ability to capitalize on the broader geographic distribution in strategic international markets . in particular , the company believes there are growth opportunities for premium , super-premium and fine wines in the united kingdom and other 201cnew world 201d wine markets . total con- sideration paid in cash to the robert mondavi shareholders was $ 1030.7 million . additionally , the company incurred direct acquisition costs of $ 12.0 million . the purchase price was financed with borrowings under the company 2019s 2004 credit agreement ( as defined in note 9 ) . in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition . the purchase price was based primarily on the estimated future operating results of the robert mondavi business , including the factors described above , as well as an estimated benefit from operating cost synergies . the results of operations of the robert mondavi busi- ness are reported in the constellation wines segment and have been included in the consolidated statements of income since the acquisition date . the following table summarizes the fair values of the assets acquired and liabilities assumed in the robert mondavi acquisition at the date of acquisition , as adjusted for the final appraisal : ( in thousands ) .
Table
current assets | $ 513782
property plant and equipment | 438140
other assets | 124450
trademarks | 138000
goodwill | 634203
total assets acquired | 1848575
current liabilities | 310919
long-term liabilities | 494995
total liabilities assumed | 805914
net assets acquired | $ 1042661
the trademarks are not subject to amortization . none of the goodwill is expected to be deductible for tax purposes . following the robert mondavi acquisition , the company sold certain of the acquired vineyard properties and related assets , investments accounted for under the equity method , and other winery properties and related assets , during the years ended february 28 , 2006 , and february 28 , 2005 . the company realized net proceeds of $ 170.8 million from the sale of these assets during the year ended february 28 , 2006 . amounts realized during the year ended february 28 , 2005 , were not material . no gain or loss has been recognized upon the sale of these assets . hardy acquisition 2013 on march 27 , 2003 , the company acquired control of brl hardy limited , now known as hardy wine company limited ( 201chardy 201d ) , and on april 9 , 2003 , the company completed its acquisition of all of hardy 2019s outstanding capital stock . as a result of the acquisi- tion of hardy , the company also acquired the remaining 50% ( 50 % ) ownership of pacific wine partners llc ( 201cpwp 201d ) , the joint venture the company established with hardy in july 2001 . the acquisition of hardy along with the remaining interest in pwp is referred to together as the 201chardy acquisition . 201d through this acquisition , the company acquired one of australia 2019s largest wine producers with interests in wineries and vineyards in most of australia 2019s major wine regions as well as new zealand and the united states and hardy 2019s marketing and sales operations in the united kingdom . in october 2005 , pwp was merged into another subsidiary of the company . total consideration paid in cash and class a common stock to the hardy shareholders was $ 1137.4 million . additionally , the company recorded direct acquisition costs of $ 17.2 million . the acquisition date for accounting pur- poses is march 27 , 2003 . the company has recorded a $ 1.6 million reduction in the purchase price to reflect imputed interest between the accounting acquisition date and the final payment of consideration . this charge is included as interest expense in the consolidated statement of income for the year ended february 29 , 2004 . the cash portion of the purchase price paid to the hardy shareholders and optionholders ( $ 1060.2 million ) was financed with $ 660.2 million of borrowings under the company 2019s then existing credit agreement and $ 400.0 million of borrowings under the company 2019s then existing bridge loan agreement . addi- tionally , the company issued 6577826 shares of the com- pany 2019s class a common stock , which were valued at $ 77.2 million based on the simple average of the closing market price of the company 2019s class a common stock beginning two days before and ending two days after april 4 , 2003 , the day the hardy shareholders elected the form of consid- eration they wished to receive . the purchase price was based primarily on a discounted cash flow analysis that contemplated , among other things , the value of a broader geographic distribution in strategic international markets and a presence in the important australian winemaking regions . the company and hardy have complementary businesses that share a common growth orientation and operating philosophy . the hardy acquisition supports the company 2019s strategy of growth and breadth across categories .
Question:
what portion of the robert mondavi's total assets acquired is related to goodwill?
Important information:
table_4: current assets the goodwill of $ 513782 is 634203 ;
table_5: current assets the total assets acquired of $ 513782 is 1848575 ;
table_8: current assets the total liabilities assumed of $ 513782 is 805914 ;
Reasoning Steps:
Step: divide2-1(634203, 1848575) = 34.3%
Program:
divide(634203, 1848575)
Program (Nested):
divide(634203, 1848575)
| finqa200 |
as of december 31 , 2017 , assuming an average price per share of $ 12.12 , what would be the cost in millions to repurchase all the remaining shares remaining in the program?
Important information:
text_1: stock repurchase program 2014 no shares were repurchased in 2017 .
text_2: 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 ) .
text_3: as of december 31 , 2017 , $ 246 million remained available for repurchase under the program .
Reasoning Steps:
Step: multiply2-1(246, 12.12) = 2981.5
Program:
multiply(246, 12.12)
Program (Nested):
multiply(246, 12.12)
| 2981.52 | 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:
as of december 31 , 2017 , assuming an average price per share of $ 12.12 , what would be the cost in millions to repurchase all the remaining shares remaining in the program?
Important information:
text_1: stock repurchase program 2014 no shares were repurchased in 2017 .
text_2: 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 ) .
text_3: as of december 31 , 2017 , $ 246 million remained available for repurchase under the program .
Reasoning Steps:
Step: multiply2-1(246, 12.12) = 2981.5
Program:
multiply(246, 12.12)
Program (Nested):
multiply(246, 12.12)
| finqa201 |
what is the percentage change in amortization expense from from 2008 to 2009?
Important information:
table_5: the less accumulated amortization of 2004 is -517444 ( 517444 ) ; the less accumulated amortization of 2003 is -434381 ( 434381 ) ;
text_11: amortization of intangible assets for the years ended december 31 , 2004 and 2003 aggregated approximately $ 97.8 million and $ 94.6 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .
text_12: the company expects to record amortization expense of approximately $ 97.8 million , $ 95.9 million , $ 92.0 million , $ 90.5 million and $ 88.8 million , respectively , for the years ended december 31 , 2005 , 2006 , 2007 , 2008 and 2009 , respectively .
Reasoning Steps:
Step: minus1-1(97.8, 95.9) = 1.9
Step: divide1-2(#0, 95.9) = 2.0%
Program:
subtract(97.8, 95.9), divide(#0, 95.9)
Program (Nested):
divide(subtract(97.8, 95.9), 95.9)
| 0.01981 | 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 ) a description of the company 2019s reporting units and the results of the related transitional impairment testing are as follows : verestar 2014verestar was a single segment and reporting unit until december 2002 , when the company committed to a plan to dispose of verestar . the company recorded an impairment charge of $ 189.3 million relating to the impairment of goodwill in this reporting unit . the fair value of this reporting unit was determined based on an independent third party appraisal . network development services 2014as of january 1 , 2002 , the reporting units in the company 2019s network development services segment included kline , specialty constructors , galaxy , mts components and flash technologies . the company estimated the fair value of these reporting units utilizing future discounted cash flows and market information as to the value of each reporting unit on january 1 , 2002 . the company recorded an impairment charge of $ 387.8 million for the year ended december 31 , 2002 related to the impairment of goodwill within these reporting units . such charge included full impairment for all of the goodwill within the reporting units except kline , for which only a partial impairment was recorded . as discussed in note 2 , the assets of all of these reporting units were sold as of december 31 , 2003 , except for those of kline and our tower construction services unit , which were sold in march and november 2004 , respectively . rental and management 2014the company obtained an independent third party appraisal of the rental and management reporting unit that contains goodwill and determined that goodwill was not impaired . the company 2019s other intangible assets subject to amortization consist of the following as of december 31 , ( in thousands ) : .
Table
| 2004 | 2003
acquired customer base and network location intangibles | $ 1369607 | $ 1299521
deferred financing costs | 89736 | 111484
acquired licenses and other intangibles | 43404 | 43125
total | 1502747 | 1454130
less accumulated amortization | -517444 ( 517444 ) | -434381 ( 434381 )
other intangible assets net | $ 985303 | $ 1019749
the company amortizes its intangible assets over periods ranging from three to fifteen years . amortization of intangible assets for the years ended december 31 , 2004 and 2003 aggregated approximately $ 97.8 million and $ 94.6 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) . the company expects to record amortization expense of approximately $ 97.8 million , $ 95.9 million , $ 92.0 million , $ 90.5 million and $ 88.8 million , respectively , for the years ended december 31 , 2005 , 2006 , 2007 , 2008 and 2009 , respectively . 5 . notes receivable in 2000 , the company loaned tv azteca , s.a . de c.v . ( tv azteca ) , the owner of a major national television network in mexico , $ 119.8 million . the loan , which initially bore interest at 12.87% ( 12.87 % ) , payable quarterly , was discounted by the company , as the fair value interest rate at the date of the loan was determined to be 14.25% ( 14.25 % ) . the loan was amended effective january 1 , 2003 to increase the original interest rate to 13.11% ( 13.11 % ) . as of december 31 , 2004 , and 2003 , approximately $ 119.8 million undiscounted ( $ 108.2 million discounted ) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets . the term of the loan is seventy years ; however , the loan may be prepaid by tv .
Question:
what is the percentage change in amortization expense from from 2008 to 2009?
Important information:
table_5: the less accumulated amortization of 2004 is -517444 ( 517444 ) ; the less accumulated amortization of 2003 is -434381 ( 434381 ) ;
text_11: amortization of intangible assets for the years ended december 31 , 2004 and 2003 aggregated approximately $ 97.8 million and $ 94.6 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .
text_12: the company expects to record amortization expense of approximately $ 97.8 million , $ 95.9 million , $ 92.0 million , $ 90.5 million and $ 88.8 million , respectively , for the years ended december 31 , 2005 , 2006 , 2007 , 2008 and 2009 , respectively .
Reasoning Steps:
Step: minus1-1(97.8, 95.9) = 1.9
Step: divide1-2(#0, 95.9) = 2.0%
Program:
subtract(97.8, 95.9), divide(#0, 95.9)
Program (Nested):
divide(subtract(97.8, 95.9), 95.9)
| finqa202 |
what is the percentage increase in total accumulated other comprehensive losses from 2014 to 2015?
Important information:
text_1: accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
table_4: ( losses ) earnings ( in millions ) the total accumulated other comprehensive losses of ( losses ) earnings 2015 is $ -9402 ( 9402 ) ; the total accumulated other comprehensive losses of ( losses ) earnings 2014 is $ -6826 ( 6826 ) ; the total accumulated other comprehensive losses of 2013 is $ -4190 ( 4190 ) ;
text_2: reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2015 , 2014 , and 2013 .
Reasoning Steps:
Step: minus1-1(9402, 6826) = 2576
Step: divide1-2(#0, 6826) = 37.7%
Program:
subtract(9402, 6826), divide(#0, 6826)
Program (Nested):
divide(subtract(9402, 6826), 6826)
| 0.37738 | 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 17 . accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
Table
( losses ) earnings ( in millions ) | ( losses ) earnings 2015 | ( losses ) earnings 2014 | 2013
currency translation adjustments | $ -6129 ( 6129 ) | $ -3929 ( 3929 ) | $ -2207 ( 2207 )
pension and other benefits | -3332 ( 3332 ) | -3020 ( 3020 ) | -2046 ( 2046 )
derivatives accounted for as hedges | 59 | 123 | 63
total accumulated other comprehensive losses | $ -9402 ( 9402 ) | $ -6826 ( 6826 ) | $ -4190 ( 4190 )
reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2015 , 2014 , and 2013 . the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business . in addition , $ 1 million , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2015 , 2014 and 2013 , respectively , upon liquidation of subsidiaries . for additional information , see note 13 . benefit plans and note 15 . financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments . note 18 . colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products . the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco . as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 . at december 31 , 2015 and 2014 , pmi had $ 73 million and $ 71 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement . these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 . note 19 . rbh legal settlement : on july 31 , 2008 , rothmans inc . ( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc . ( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand . the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period . rothmans' sole holding was a 60% ( 60 % ) interest in rbh . the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .
Question:
what is the percentage increase in total accumulated other comprehensive losses from 2014 to 2015?
Important information:
text_1: accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
table_4: ( losses ) earnings ( in millions ) the total accumulated other comprehensive losses of ( losses ) earnings 2015 is $ -9402 ( 9402 ) ; the total accumulated other comprehensive losses of ( losses ) earnings 2014 is $ -6826 ( 6826 ) ; the total accumulated other comprehensive losses of 2013 is $ -4190 ( 4190 ) ;
text_2: reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2015 , 2014 , and 2013 .
Reasoning Steps:
Step: minus1-1(9402, 6826) = 2576
Step: divide1-2(#0, 6826) = 37.7%
Program:
subtract(9402, 6826), divide(#0, 6826)
Program (Nested):
divide(subtract(9402, 6826), 6826)
| finqa203 |
what percent of total derivatives are from interest rate contracts in 2013?
Important information:
text_6: total notional amounts of the company 2019s derivative instruments as of december 28 , 2013 and december 29 , 2012 were as follows: .
table_2: ( millions ) the interest rate contracts of 2013 is 2400 ; the interest rate contracts of 2012 is 2150 ;
table_4: ( millions ) the total of 2013 is $ 3278 ; the total of 2012 is $ 3040 ;
Reasoning Steps:
Step: divide1-1(2400, 3278) = .7322
Program:
divide(2400, 3278)
Program (Nested):
divide(2400, 3278)
| 0.73215 | 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:
december 31 , 2011 , the company recognized a decrease of $ 3 million of tax-related interest and penalties and had approximately $ 16 million accrued at december 31 , 2011 . note 12 derivative instruments and fair value measurements the company is exposed to certain market risks such as changes in interest rates , foreign currency exchange rates , and commodity prices , which exist as a part of its ongoing business operations . management uses derivative financial and commodity instruments , including futures , options , and swaps , where appropriate , to manage these risks . instruments used as hedges must be effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the contract . the company designates derivatives as cash flow hedges , fair value hedges , net investment hedges , and uses other contracts to reduce volatility in interest rates , foreign currency and commodities . as a matter of policy , the company does not engage in trading or speculative hedging transactions . total notional amounts of the company 2019s derivative instruments as of december 28 , 2013 and december 29 , 2012 were as follows: .
Table
( millions ) | 2013 | 2012
foreign currency exchange contracts | $ 517 | $ 570
interest rate contracts | 2400 | 2150
commodity contracts | 361 | 320
total | $ 3278 | $ 3040
following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the company that were included in each category at december 28 , 2013 and december 29 , 2012 , measured on a recurring basis . level 1 2014 financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market . for the company , level 1 financial assets and liabilities consist primarily of commodity derivative contracts . level 2 2014 financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability . for the company , level 2 financial assets and liabilities consist of interest rate swaps and over-the-counter commodity and currency contracts . the company 2019s calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve . over-the-counter commodity derivatives are valued using an income approach based on the commodity index prices less the contract rate multiplied by the notional amount . foreign currency contracts are valued using an income approach based on forward rates less the contract rate multiplied by the notional amount . the company 2019s calculation of the fair value of level 2 financial assets and liabilities takes into consideration the risk of nonperformance , including counterparty credit risk . level 3 2014 financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement . these inputs reflect management 2019s own assumptions about the assumptions a market participant would use in pricing the asset or liability . the company did not have any level 3 financial assets or liabilities as of december 28 , 2013 or december 29 , 2012. .
Question:
what percent of total derivatives are from interest rate contracts in 2013?
Important information:
text_6: total notional amounts of the company 2019s derivative instruments as of december 28 , 2013 and december 29 , 2012 were as follows: .
table_2: ( millions ) the interest rate contracts of 2013 is 2400 ; the interest rate contracts of 2012 is 2150 ;
table_4: ( millions ) the total of 2013 is $ 3278 ; the total of 2012 is $ 3040 ;
Reasoning Steps:
Step: divide1-1(2400, 3278) = .7322
Program:
divide(2400, 3278)
Program (Nested):
divide(2400, 3278)
| finqa204 |
accrued interest represented how much of the ending balance in uncertain tax benefits as of december 31 , 2014?
Important information:
text_4: interest expense accrued at december 31 , 2014 , december 31 , 2013 , and december 31 , 2012 was approximately $ 258 million , $ 293 million , and $ 243 million , respectively , net of federal and state income tax benefits .
table_11: balance at december 31 2011 the balance at december 31 2013 of $ 4045 is $ 4096 ;
table_17: balance at december 31 2011 the balance at december 31 2014 of $ 4045 is $ 2228 ;
Reasoning Steps:
Step: divide2-1(258, 2228) = 11.6%
Program:
divide(258, 2228)
Program (Nested):
divide(258, 2228)
| 0.1158 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
morgan stanley notes to consolidated financial statements 2014 ( continued ) the total amount of unrecognized tax benefits was approximately $ 2.2 billion , $ 4.1 billion , and $ 4.1 billion at december 31 , 2014 , december 31 , 2013 , and december 31 , 2012 , respectively . of this total , approximately $ 1.0 billion , $ 1.4 billion , and $ 1.6 billion , respectively ( net of federal benefit of state issues , competent authority and foreign tax credit offsets ) represent the amount of unrecognized tax benefits that , if recognized , would favorably affect the effective tax rate in future periods . interest and penalties related to unrecognized tax benefits are classified as provision for income taxes . the company recognized $ ( 35 ) million , $ 50 million , and $ ( 10 ) million of interest expense ( benefit ) ( net of federal and state income tax benefits ) in the company 2019s consolidated statements of income for 2014 , 2013 , and 2012 , respectively . interest expense accrued at december 31 , 2014 , december 31 , 2013 , and december 31 , 2012 was approximately $ 258 million , $ 293 million , and $ 243 million , respectively , net of federal and state income tax benefits . penalties related to unrecognized tax benefits for the years mentioned above were immaterial . the following table presents a reconciliation of the beginning and ending amount of unrecognized tax benefits for 2014 , 2013 and 2012 ( dollars in millions ) : unrecognized tax benefits .
Table
balance at december 31 2011 | $ 4045
increase based on tax positions related to the current period | 299
increase based on tax positions related to prior periods | 127
decreases based on tax positions related to prior periods | -21 ( 21 )
decreases related to settlements with taxing authorities | -260 ( 260 )
decreases related to a lapse of applicable statute of limitations | -125 ( 125 )
balance at december 31 2012 | $ 4065
increase based on tax positions related to the current period | $ 51
increase based on tax positions related to prior periods | 267
decreases based on tax positions related to prior periods | -141 ( 141 )
decreases related to settlements with taxing authorities | -146 ( 146 )
balance at december 31 2013 | $ 4096
increase based on tax positions related to the current period | $ 135
increase based on tax positions related to prior periods | 100
decreases based on tax positions related to prior periods | -2080 ( 2080 )
decreases related to settlements with taxing authorities | -19 ( 19 )
decreases related to a lapse of applicable statute of limitations | -4 ( 4 )
balance at december 31 2014 | $ 2228
the company is under continuous examination by the irs and other tax authorities in certain countries , such as japan and the u.k. , and in states in which the company has significant business operations , such as new york . the company is currently under review by the irs appeals office for the remaining issues covering tax years 1999 2013 2005 and has substantially completed the irs field examination for the audit of tax years 2006 2013 2008 . also , the company is currently at various levels of field examination with respect to audits by new york state and new york city for tax years 2007 2013 2009 . during 2015 , the company expects to reach a conclusion with the u.k . tax authorities on substantially all issues through tax year 2010 , the resolution of which is not expected to have a material impact on the effective tax rate on the company 2019s consolidated financial statements. .
Question:
accrued interest represented how much of the ending balance in uncertain tax benefits as of december 31 , 2014?
Important information:
text_4: interest expense accrued at december 31 , 2014 , december 31 , 2013 , and december 31 , 2012 was approximately $ 258 million , $ 293 million , and $ 243 million , respectively , net of federal and state income tax benefits .
table_11: balance at december 31 2011 the balance at december 31 2013 of $ 4045 is $ 4096 ;
table_17: balance at december 31 2011 the balance at december 31 2014 of $ 4045 is $ 2228 ;
Reasoning Steps:
Step: divide2-1(258, 2228) = 11.6%
Program:
divide(258, 2228)
Program (Nested):
divide(258, 2228)
| finqa205 |
what was the change in rent expenses between 2010 and 2011?
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: minus2-1(205, 210) = -5
Program:
subtract(205, 210)
Program (Nested):
subtract(205, 210)
| -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:
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 2010 and 2011?
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: minus2-1(205, 210) = -5
Program:
subtract(205, 210)
Program (Nested):
subtract(205, 210)
| finqa206 |
what was the increase for the maximum company match on january 1 , 2011?
Important information:
text_18: on january 1 , 2011 , the company match was increased to 75% ( 75 % ) on the first 6% ( 6 % ) of compensation contributed by these eligible employees .
text_19: compensation expense and cash contributions related to the company match of participant contributions to the savings plan for 2011 , 2010 and 2009 totaled $ 26 million , $ 9 million and $ 7 million , respectively .
text_24: total $ 177 $ 180 $ 150 20 .
Reasoning Steps:
Step: multiply2-1(50%, 6%) = 3%
Step: multiply2-2(75%, 6%) = 4%
Step: minus2-3(#1, #0) = 1%
Program:
multiply(50%, 6%), multiply(75%, 6%), subtract(#1, #0)
Program (Nested):
subtract(multiply(75%, 6%), multiply(50%, 6%))
| 0.015 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to the consolidated financial statements unrealized currency translation adjustments related to translation of foreign denominated balance sheets are not presented net of tax given that no deferred u.s . income taxes have been provided on undistributed earnings of non- u.s . subsidiaries because they are deemed to be reinvested for an indefinite period of time . the tax ( cost ) benefit related to unrealized currency translation adjustments other than translation of foreign denominated balance sheets , for the years ended december 31 , 2011 , 2010 and 2009 was $ ( 7 ) million , $ 8 million and $ 62 million , respectively . the tax benefit related to the adjustment for pension and other postretirement benefits for the years ended december 31 , 2011 , 2010 and 2009 was $ 98 million , $ 65 million and $ 18 million , respectively . the cumulative tax benefit related to the adjustment for pension and other postretirement benefits at december 31 , 2011 and 2010 was $ 990 million and $ 889 million , respectively . the tax ( cost ) benefit related to the change in the unrealized gain ( loss ) on marketable securities for the years ended december 31 , 2011 , 2010 and 2009 was $ ( 0.2 ) million , $ 0.6 million and $ 0.1 million , respectively . the tax benefit ( cost ) related to the change in the unrealized gain ( loss ) on derivatives for the years ended december 31 , 2011 , 2010 and 2009 was $ 19 million , $ 1 million and $ ( 16 ) million , respectively . 18 . employee savings plan ppg 2019s employee savings plan ( 201csavings plan 201d ) covers substantially all u.s . employees . the company makes matching contributions to the savings plan based upon participants 2019 savings , subject to certain limitations . for most participants not covered by a collective bargaining agreement , company-matching contributions are established each year at the discretion of the company and are applied to a maximum of 6% ( 6 % ) of eligible participant compensation . for those participants whose employment is covered by a collective bargaining agreement , the level of company-matching contribution , if any , is determined by the relevant collective bargaining agreement . the company-matching contribution was 100% ( 100 % ) for the first two months of 2009 . the company-matching contribution was suspended from march 2009 through june 2010 as a cost savings measure in recognition of the adverse impact of the global recession . effective july 1 , 2010 , the company match was reinstated at 50% ( 50 % ) on the first 6% ( 6 % ) of compensation contributed for most employees eligible for the company-matching contribution feature . this included the union represented employees in accordance with their collective bargaining agreements . on january 1 , 2011 , the company match was increased to 75% ( 75 % ) on the first 6% ( 6 % ) of compensation contributed by these eligible employees . compensation expense and cash contributions related to the company match of participant contributions to the savings plan for 2011 , 2010 and 2009 totaled $ 26 million , $ 9 million and $ 7 million , respectively . a portion of the savings plan qualifies under the internal revenue code as an employee stock ownership plan . as a result , the tax deductible dividends on ppg shares held by the savings plan were $ 20 million , $ 24 million and $ 28 million for 2011 , 2010 and 2009 , respectively . 19 . other earnings ( millions ) 2011 2010 2009 .
Table
( millions ) | 2011 | 2010 | 2009
royalty income | 55 | 58 | 45
share of net earnings ( loss ) of equity affiliates ( see note 5 ) | 37 | 45 | -5 ( 5 )
gain on sale of assets | 12 | 8 | 36
other | 73 | 69 | 74
total | $ 177 | $ 180 | $ 150
total $ 177 $ 180 $ 150 20 . stock-based compensation the company 2019s stock-based compensation includes stock options , restricted stock units ( 201crsus 201d ) and grants of contingent shares that are earned based on achieving targeted levels of total shareholder return . all current grants of stock options , rsus and contingent shares are made under the ppg industries , inc . amended and restated omnibus incentive plan ( 201cppg amended omnibus plan 201d ) , which was amended and restated effective april 21 , 2011 . shares available for future grants under the ppg amended omnibus plan were 9.7 million as of december 31 , 2011 . total stock-based compensation cost was $ 36 million , $ 52 million and $ 34 million in 2011 , 2010 and 2009 , respectively . the total income tax benefit recognized in the accompanying consolidated statement of income related to the stock-based compensation was $ 13 million , $ 18 million and $ 12 million in 2011 , 2010 and 2009 , respectively . stock options ppg has outstanding stock option awards that have been granted under two stock option plans : the ppg industries , inc . stock plan ( 201cppg stock plan 201d ) and the ppg amended omnibus plan . under the ppg amended omnibus plan and the ppg stock plan , certain employees of the company have been granted options to purchase shares of common stock at prices equal to the fair market value of the shares on the date the options were granted . the options are generally exercisable beginning from six to 48 months after being granted and have a maximum term of 10 years . upon exercise of a stock option , shares of company stock are issued from treasury stock . the ppg stock plan includes a restored option provision for options originally granted prior to january 1 , 2003 that 68 2011 ppg annual report and form 10-k .
Question:
what was the increase for the maximum company match on january 1 , 2011?
Important information:
text_18: on january 1 , 2011 , the company match was increased to 75% ( 75 % ) on the first 6% ( 6 % ) of compensation contributed by these eligible employees .
text_19: compensation expense and cash contributions related to the company match of participant contributions to the savings plan for 2011 , 2010 and 2009 totaled $ 26 million , $ 9 million and $ 7 million , respectively .
text_24: total $ 177 $ 180 $ 150 20 .
Reasoning Steps:
Step: multiply2-1(50%, 6%) = 3%
Step: multiply2-2(75%, 6%) = 4%
Step: minus2-3(#1, #0) = 1%
Program:
multiply(50%, 6%), multiply(75%, 6%), subtract(#1, #0)
Program (Nested):
subtract(multiply(75%, 6%), multiply(50%, 6%))
| finqa207 |
what was the percentage growth of the five-year cumulative total return of s&p financials from 2015 to 2016
Important information:
table_1: date the 31-dec-2012 of citi is 100.0 ; the 31-dec-2012 of s&p 500 is 100.0 ; the 31-dec-2012 of s&p financials is 100.0 ;
table_4: date the 31-dec-2015 of citi is 131.4 ; the 31-dec-2015 of s&p 500 is 152.6 ; the 31-dec-2015 of s&p financials is 153.9 ;
table_5: date the 31-dec-2016 of citi is 152.3 ; the 31-dec-2016 of s&p 500 is 170.8 ; the 31-dec-2016 of s&p financials is 188.9 ;
Reasoning Steps:
Step: minus2-1(188.9, 153.9) = 35
Step: divide2-2(#0, 153.9) = 22.7%
Program:
subtract(188.9, 153.9), divide(#0, 153.9)
Program (Nested):
divide(subtract(188.9, 153.9), 153.9)
| 0.22742 | 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 comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 65691 common stockholders of record as of january 31 , 2018 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2017 . the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
Table
date | citi | s&p 500 | s&p financials
31-dec-2012 | 100.0 | 100.0 | 100.0
31-dec-2013 | 131.8 | 132.4 | 135.6
31-dec-2014 | 137.0 | 150.5 | 156.2
31-dec-2015 | 131.4 | 152.6 | 153.9
31-dec-2016 | 152.3 | 170.8 | 188.9
31-dec-2017 | 193.5 | 208.1 | 230.9
.
Question:
what was the percentage growth of the five-year cumulative total return of s&p financials from 2015 to 2016
Important information:
table_1: date the 31-dec-2012 of citi is 100.0 ; the 31-dec-2012 of s&p 500 is 100.0 ; the 31-dec-2012 of s&p financials is 100.0 ;
table_4: date the 31-dec-2015 of citi is 131.4 ; the 31-dec-2015 of s&p 500 is 152.6 ; the 31-dec-2015 of s&p financials is 153.9 ;
table_5: date the 31-dec-2016 of citi is 152.3 ; the 31-dec-2016 of s&p 500 is 170.8 ; the 31-dec-2016 of s&p financials is 188.9 ;
Reasoning Steps:
Step: minus2-1(188.9, 153.9) = 35
Step: divide2-2(#0, 153.9) = 22.7%
Program:
subtract(188.9, 153.9), divide(#0, 153.9)
Program (Nested):
divide(subtract(188.9, 153.9), 153.9)
| finqa208 |
in these equity investment balances , what is the percent of unfunded commitments at december 31 , 2012?
Important information:
text_17: these investments , as well as equity investments held by consolidated partnerships , totaled $ 2.7 billion at december 31 , 2013 and $ 3.0 billion at december 31 , 2012 .
text_18: these equity investment balances include unfunded commitments totaling $ 802 million and $ 685 million at december 31 , 2013 and december 31 , 2012 , respectively .
text_28: see item 1 business 2013 supervision and regulation and item 1a risk factors of this report for discussion of the potential impacts of the volcker rule provisions of dodd-frank on our interests in and sponsorship of private funds covered by the volcker our unfunded commitments related to private equity totaled $ 164 million at december 31 , 2013 compared with $ 182 million at december 31 , 2012 .
Reasoning Steps:
Step: divide2-1(685, 10877) = 6.3%
Program:
divide(685, 10877)
Program (Nested):
divide(685, 10877)
| 0.06298 | 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 risk management 2013 equity and other investment risk equity investment risk is the risk of potential losses associated with investing in both private and public equity markets . pnc invests primarily in private equity markets . in addition to extending credit , taking deposits , and underwriting and trading financial instruments , we make and manage direct investments in a variety of transactions , including management buyouts , recapitalizations , and growth financings in a variety of industries . we also have investments in affiliated and non- affiliated funds that make similar investments in private equity and in debt and equity-oriented hedge funds . the economic and/or book value of these investments and other assets such as loan servicing rights are directly affected by changes in market factors . the primary risk measurement for equity and other investments is economic capital . economic capital is a common measure of risk for credit , market and operational risk . it is an estimate of the potential value depreciation over a one year horizon commensurate with solvency expectations of an institution rated single-a by the credit rating agencies . given the illiquid nature of many of these types of investments , it can be a challenge to determine their fair values . see note 9 fair value in the notes to consolidated financial statements in item 8 of this report for additional information . various pnc business units manage our equity and other investment activities . our businesses are responsible for making investment decisions within the approved policy limits and associated guidelines . a summary of our equity investments follows : table 55 : equity investments summary in millions december 31 december 31 .
Table
in millions | december 312013 | december 312012
blackrock | $ 5940 | $ 5614
tax credit investments | 2676 | 2965
private equity | 1656 | 1802
visa | 158 | 251
other | 234 | 245
total | $ 10664 | $ 10877
blackrock pnc owned approximately 36 million common stock equivalent shares of blackrock equity at december 31 , 2013 , accounted for under the equity method . the primary risk measurement , similar to other equity investments , is economic capital . the business segments review section of this item 7 includes additional information about blackrock . tax credit investments included in our equity investments are tax credit investments which are accounted for under the equity method . these investments , as well as equity investments held by consolidated partnerships , totaled $ 2.7 billion at december 31 , 2013 and $ 3.0 billion at december 31 , 2012 . these equity investment balances include unfunded commitments totaling $ 802 million and $ 685 million at december 31 , 2013 and december 31 , 2012 , respectively . these unfunded commitments are included in other liabilities on our consolidated balance sheet . note 3 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements in item 8 of this report has further information on tax credit investments . see also the critical accounting estimates and judgments section of this item 7 regarding asu 2014-01 and our intention to early adopt this guidance in the first quarter of 2014 . private equity the private equity portfolio is an illiquid portfolio comprised of mezzanine and equity investments that vary by industry , stage and type of investment . private equity investments carried at estimated fair value totaled $ 1.7 billion at december 31 , 2013 and $ 1.8 billion at december 31 , 2012 . as of december 31 , 2013 , $ 1.1 billion was invested directly in a variety of companies and $ .6 billion was invested indirectly through various private equity funds . included in direct investments are investment activities of two private equity funds that are consolidated for financial reporting purposes . the noncontrolling interests of these funds totaled $ 236 million as of december 31 , 2013 . the interests held in indirect private equity funds are not redeemable , but pnc may receive distributions over the life of the partnership from liquidation of the underlying investments . see item 1 business 2013 supervision and regulation and item 1a risk factors of this report for discussion of the potential impacts of the volcker rule provisions of dodd-frank on our interests in and sponsorship of private funds covered by the volcker our unfunded commitments related to private equity totaled $ 164 million at december 31 , 2013 compared with $ 182 million at december 31 , 2012 . during 2013 , we sold 4 million of visa class b common shares , in addition to the 9 million shares sold in 2012 , and entered into swap agreements with the purchaser of the shares . see note 9 fair value and note 17 financial derivatives in the notes to consolidated financial statements in item 8 of this report for additional information . at december 31 , 2013 , our investment in visa class b common shares totaled approximately 10 million shares and was recorded at $ 158 million . based on the december 31 , 2013 closing price of $ 222.68 for the visa class a common shares , the fair value of our total investment was approximately $ 971 million at the 94 the pnc financial services group , inc . 2013 form 10-k .
Question:
in these equity investment balances , what is the percent of unfunded commitments at december 31 , 2012?
Important information:
text_17: these investments , as well as equity investments held by consolidated partnerships , totaled $ 2.7 billion at december 31 , 2013 and $ 3.0 billion at december 31 , 2012 .
text_18: these equity investment balances include unfunded commitments totaling $ 802 million and $ 685 million at december 31 , 2013 and december 31 , 2012 , respectively .
text_28: see item 1 business 2013 supervision and regulation and item 1a risk factors of this report for discussion of the potential impacts of the volcker rule provisions of dodd-frank on our interests in and sponsorship of private funds covered by the volcker our unfunded commitments related to private equity totaled $ 164 million at december 31 , 2013 compared with $ 182 million at december 31 , 2012 .
Reasoning Steps:
Step: divide2-1(685, 10877) = 6.3%
Program:
divide(685, 10877)
Program (Nested):
divide(685, 10877)
| finqa209 |
what was the change in millions of weighted average common shares outstanding for diluted computations from 2016 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: minus2-1(290.6, 303.1) = -12.5
Program:
subtract(290.6, 303.1)
Program (Nested):
subtract(290.6, 303.1)
| -12.5 | 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:
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 change in millions of weighted average common shares outstanding for diluted computations from 2016 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: minus2-1(290.6, 303.1) = -12.5
Program:
subtract(290.6, 303.1)
Program (Nested):
subtract(290.6, 303.1)
| finqa210 |
what was the percentage change in inventories between 2017 and 2018?
Important information:
table_4: the total ( approximates replacement cost ) of 2018 is 4122.8 ; the total ( approximates replacement cost ) of 2017 is 4397.9 ;
table_6: the inventories of 2018 is $ 4111.8 ; the inventories of 2017 is $ 4458.3 ;
text_6: inventories valued under the lifo method comprised $ 1.57 billion and $ 1.56 billion of total inventories at december 31 , 2018 and 2017 , respectively .
Reasoning Steps:
Step: minus1-1(4111.8, 4458.3) = -346.5
Step: divide1-2(#0, 4458.3) = -8%
Program:
subtract(4111.8, 4458.3), divide(#0, 4458.3)
Program (Nested):
divide(subtract(4111.8, 4458.3), 4458.3)
| -0.07772 | 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 6 : inventories we use the last-in , first-out ( lifo ) method for the majority of our inventories located in the continental u.s . other inventories are valued by the first-in , first-out ( fifo ) method . fifo cost approximates current replacement cost . inventories measured using lifo must be valued at the lower of cost or market . inventories measured using fifo must be valued at the lower of cost or net realizable value . inventories at december 31 consisted of the following: .
Table
| 2018 | 2017
finished products | $ 988.1 | $ 1211.4
work in process | 2628.2 | 2697.7
raw materials and supplies | 506.5 | 488.8
total ( approximates replacement cost ) | 4122.8 | 4397.9
increase ( reduction ) to lifo cost | -11.0 ( 11.0 ) | 60.4
inventories | $ 4111.8 | $ 4458.3
inventories valued under the lifo method comprised $ 1.57 billion and $ 1.56 billion of total inventories at december 31 , 2018 and 2017 , respectively . note 7 : financial instruments financial instruments that potentially subject us to credit risk consist principally of trade receivables and interest- bearing investments . wholesale distributors of life-science products account for a substantial portion of our trade receivables ; collateral is generally not required . we seek to mitigate the risk associated with this concentration through our ongoing credit-review procedures and insurance . a large portion of our cash is held by a few major financial institutions . we monitor our exposures with these institutions and do not expect any of these institutions to fail to meet their obligations . major financial institutions represent the largest component of our investments in corporate debt securities . in accordance with documented corporate risk-management policies , we monitor the amount of credit exposure to any one financial institution or corporate issuer . we are exposed to credit-related losses in the event of nonperformance by counterparties to risk-management instruments but do not expect any counterparties to fail to meet their obligations given their high credit ratings . we consider all highly liquid investments with a maturity of three months or less from the date of purchase to be cash equivalents . the cost of these investments approximates fair value . our equity investments are accounted for using three different methods depending on the type of equity investment : 2022 investments in companies over which we have significant influence but not a controlling interest are accounted for using the equity method , with our share of earnings or losses reported in other-net , ( income ) expense . 2022 for equity investments that do not have readily determinable fair values , we measure these investments at cost , less any impairment , plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer . any change in recorded value is recorded in other-net , ( income ) expense . 2022 our public equity investments are measured and carried at fair value . any change in fair value is recognized in other-net , ( income ) expense . we review equity investments other than public equity investments for indications of impairment on a regular basis . our derivative activities are initiated within the guidelines of documented corporate risk-management policies and are intended to offset losses and gains on the assets , liabilities , and transactions being hedged . management reviews the correlation and effectiveness of our derivatives on a quarterly basis. .
Question:
what was the percentage change in inventories between 2017 and 2018?
Important information:
table_4: the total ( approximates replacement cost ) of 2018 is 4122.8 ; the total ( approximates replacement cost ) of 2017 is 4397.9 ;
table_6: the inventories of 2018 is $ 4111.8 ; the inventories of 2017 is $ 4458.3 ;
text_6: inventories valued under the lifo method comprised $ 1.57 billion and $ 1.56 billion of total inventories at december 31 , 2018 and 2017 , respectively .
Reasoning Steps:
Step: minus1-1(4111.8, 4458.3) = -346.5
Step: divide1-2(#0, 4458.3) = -8%
Program:
subtract(4111.8, 4458.3), divide(#0, 4458.3)
Program (Nested):
divide(subtract(4111.8, 4458.3), 4458.3)
| finqa211 |
what is the estimated price of hologic common stock used in the acquisition of suros?
Important information:
text_9: the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 4600 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 $ 13100 is 5800 ;
table_7: net tangible assets acquired as of july 27 2006 the final purchase price of $ 13100 is $ 248100 ;
Reasoning Steps:
Step: divide1-1(106500, 4600) = 23.2
Program:
divide(106500, 4600)
Program (Nested):
divide(106500, 4600)
| 23.15217 | 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 ) 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 . ( 201csuros 201d ) , 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 4600 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 final purchase price , consists of the following approximate amounts: .
Table
net tangible assets acquired as of july 27 2006 | $ 13100
in-process research and development | 4900
developed technology and know-how | 46000
customer relationship | 17900
trade name | 5800
deferred income taxes | -21300 ( 21300 )
goodwill | 181700
final purchase price | $ 248100
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 . the company has considered the provision of eitf issue no . 95-8 , accounting for contingent consideration paid to the shareholders of and acquired enterprise in a purchase business combination , and concluded that this contingent consideration represents additional purchase price . during the fourth quarter of fiscal 2007 the company paid approximately $ 19000 to former suros shareholders for the first annual earn-out period resulting in an increase to goodwill for the same amount . the company also accrued $ 24500 for the second and final earn-out related to suros 2019 incremental revenue growth during the fourth quarter of fiscal 2008 , with an increase to goodwill , of which $ 24400 had been paid as of september 27 , 2008 . in addition to the earn-out discussed above , the company decreased goodwill in the amount of $ 1300 during the year ended september 27 , 2008 and increased goodwill in the amount of $ 210 during the year ended september 29 , 2007 . the increase in 2007 was primarily related to recording a liability of approximately $ 550 in accordance with eitf 95-3 related to the termination of certain employees who have ceased all services for the company . approximately $ 400 of this liability was paid during the year ended september 29 , 2007 and the balance was paid during fiscal 2008 . this increase was partially offset by a decrease to goodwill as a result of a change in the valuation of certain assets and liabilities acquired based on information received during the year ended september 29 , 2007 . the decrease in goodwill during 2008 was related to the reduction of an income tax liability . there have been no other material changes to purchase price allocations. .
Question:
what is the estimated price of hologic common stock used in the acquisition of suros?
Important information:
text_9: the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 4600 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 $ 13100 is 5800 ;
table_7: net tangible assets acquired as of july 27 2006 the final purchase price of $ 13100 is $ 248100 ;
Reasoning Steps:
Step: divide1-1(106500, 4600) = 23.2
Program:
divide(106500, 4600)
Program (Nested):
divide(106500, 4600)
| finqa212 |
what was the percent of the increase in compensation cost recognized for rsus from 2008 to 2009
Important information:
table_1: restricted stock units the rsus at december 31 2008 of number of rsus is 401375 ; the rsus at december 31 2008 of weighted average grant date fair value is $ 29.03 ;
table_5: restricted stock units the rsus at december 31 2009 of number of rsus is 1683606 ; the rsus at december 31 2009 of weighted average grant date fair value is $ 12.23 ;
text_1: compensation cost recognized for rsus totaled $ 7.3 million , $ 4.9 million and $ 3.0 million for the years ended december 31 , 2009 , 2008 and 2007 , respectively .
Key Information: 70| | duke realty corporation annual report 2009 the following table summarizes transactions for our rsus , excluding dividend equivalents , for 2009 : weighted average number of grant date restricted stock units rsus fair value .
Reasoning Steps:
Step: minus2-1(7.3, 4.9) = 2.4
Step: divide2-2(#0, 4.9) = 48.9%
Program:
subtract(7.3, 4.9), divide(#0, 4.9)
Program (Nested):
divide(subtract(7.3, 4.9), 4.9)
| 0.4898 | 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:
70| | duke realty corporation annual report 2009 the following table summarizes transactions for our rsus , excluding dividend equivalents , for 2009 : weighted average number of grant date restricted stock units rsus fair value .
Table
restricted stock units | number of rsus | weighted average grant date fair value
rsus at december 31 2008 | 401375 | $ 29.03
granted | 1583616 | $ 9.32
vested | -129352 ( 129352 ) | $ 28.39
forfeited | -172033 ( 172033 ) | $ 12.53
rsus at december 31 2009 | 1683606 | $ 12.23
compensation cost recognized for rsus totaled $ 7.3 million , $ 4.9 million and $ 3.0 million for the years ended december 31 , 2009 , 2008 and 2007 , respectively . as of december 31 , 2009 , there was $ 6.7 million of total unrecognized compensation expense related to nonvested rsus granted under the plan , which is expected to be recognized over a weighted average period of 3.3 years . ( 14 ) financial instruments we are exposed to capital market risk , such as changes in interest rates . in an effort to manage interest rate risk , we may enter into interest rate hedging arrangements from time to time . we do not utilize derivative financial instruments for trading or speculative purposes . in november 2007 , we entered into forward starting interest swaps with notional amounts appropriate to hedge interest rates on $ 300.0 million of anticipated debt offerings in 2009 . the forward starting swaps were appropriately designated and tested for effectiveness as cash flow hedges . in march 2008 , we settled the forward starting swaps and made a cash payment of $ 14.6 million to the counterparties . an effectiveness test was performed as of the settlement date and it was concluded that a highly effective cash flow hedge was still in place for the expected debt offering . of the amount paid in settlement , approximately $ 700000 was immediately reclassified to interest expense , as the result of partial ineffectiveness calculated at the settlement date . the net amount of $ 13.9 million was recorded in other comprehensive income ( 201coci 201d ) and is being recognized through interest expense over the life of the hedged debt offering , which took place in may 2008 . the remaining unamortized amount included as a reduction to accumulated oci as of december 31 , 2009 is $ 9.3 million . in august 2005 , we entered into $ 300.0 million of cash flow hedges through forward starting interest rate swaps to hedge interest rates on $ 300.0 million of anticipated debt offerings in 2007 . the swaps qualified for hedge accounting , with any changes in fair value recorded in oci . in conjunction with the september 2007 issuance of $ 300.0 million of senior unsecured notes , we terminated these cash flow hedges as designated . the settlement amount received of $ 10.7 million is being recognized to earnings through a reduction of interest expense over the term of the hedged cash flows . the remaining unamortized amount included as an increase to accumulated oci as of december 31 , 2009 is $ 8.2 million . the ineffective portion of the hedge was insignificant . the effectiveness of our hedges is evaluated throughout their lives using the hypothetical derivative method under which the change in fair value of the actual swap designated as the hedging instrument is compared to the change in fair value of a hypothetical swap . we had no material interest rate derivatives , when considering both fair value and notional amount , at december 31 , 2009. .
Question:
what was the percent of the increase in compensation cost recognized for rsus from 2008 to 2009
Important information:
table_1: restricted stock units the rsus at december 31 2008 of number of rsus is 401375 ; the rsus at december 31 2008 of weighted average grant date fair value is $ 29.03 ;
table_5: restricted stock units the rsus at december 31 2009 of number of rsus is 1683606 ; the rsus at december 31 2009 of weighted average grant date fair value is $ 12.23 ;
text_1: compensation cost recognized for rsus totaled $ 7.3 million , $ 4.9 million and $ 3.0 million for the years ended december 31 , 2009 , 2008 and 2007 , respectively .
Key Information: 70| | duke realty corporation annual report 2009 the following table summarizes transactions for our rsus , excluding dividend equivalents , for 2009 : weighted average number of grant date restricted stock units rsus fair value .
Reasoning Steps:
Step: minus2-1(7.3, 4.9) = 2.4
Step: divide2-2(#0, 4.9) = 48.9%
Program:
subtract(7.3, 4.9), divide(#0, 4.9)
Program (Nested):
divide(subtract(7.3, 4.9), 4.9)
| finqa213 |
as of december 2007 what was the ratio of the future debt maturities for 2011 to the amounts after 2012
Important information:
table_3: 2008 the 2011 of $ 2014 is 453815 ;
table_4: 2008 the 2012 of $ 2014 is 2014 ;
table_5: 2008 the thereafter of $ 2014 is 2996337 ;
Reasoning Steps:
Step: divide1-1(453815, 2996337) = 0.15
Program:
divide(453815, 2996337)
Program (Nested):
divide(453815, 2996337)
| 0.15146 | 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:
before the purchase in november 2008 , the units will be reflected in diluted earnings per share calculations using the treasury stock method as defined by sfas no . 128 , earnings per share . under this method , the number of shares of common stock used in calculating diluted earnings per share ( based on the settlement formula applied at the end of the reporting period ) is deemed to be increased by the excess , if any , of the number of shares that would be issued upon settlement of the purchase contracts less the number of shares that could be purchased by the company in the market at the average market price during the period using the proceeds to be received upon settlement . therefore , dilution will occur for periods when the average market price of the company 2019s common stock for the reporting period is above $ 21.816 . senior secured revolving credit facility in september 2005 , the company entered into a $ 250 million , three-year senior secured revolving credit facility . as a result of the citadel investment in november 2007 , the facility was terminated and all unamortized debt issuance costs were expensed . corporate debt covenants certain of the company 2019s corporate debt described above have terms which include customary financial covenants . as of december 31 , 2007 , the company was in compliance with all such covenants . early extinguishment of debt in 2006 , the company called the entire remaining $ 185.2 million principal amount of its 6% ( 6 % ) notes for redemption . the company recorded a $ 0.7 million loss on early extinguishment of debt relating to the write-off of the unamortized debt offering costs . the company did not have any early extinguishments of debt in 2005 . other corporate debt the company also has multiple term loans from financial institutions . these loans are collateralized by equipment and are included within other borrowings on the consolidated balance sheet . see note 14 2014securities sold under agreement to repurchase and other borrowings . future maturities of corporate debt scheduled principal payments of corporate debt as of december 31 , 2007 are as follows ( dollars in thousands ) : years ending december 31 .
Table
2008 | $ 2014
2009 | 2014
2010 | 2014
2011 | 453815
2012 | 2014
thereafter | 2996337
total future principal payments of corporate debt | 3450152
unamortized discount net | -427454 ( 427454 )
total corporate debt | $ 3022698
.
Question:
as of december 2007 what was the ratio of the future debt maturities for 2011 to the amounts after 2012
Important information:
table_3: 2008 the 2011 of $ 2014 is 453815 ;
table_4: 2008 the 2012 of $ 2014 is 2014 ;
table_5: 2008 the thereafter of $ 2014 is 2996337 ;
Reasoning Steps:
Step: divide1-1(453815, 2996337) = 0.15
Program:
divide(453815, 2996337)
Program (Nested):
divide(453815, 2996337)
| finqa214 |
north american consumer packaging net sales where what percentage of consumer packaging sales in 2008?
Important information:
text_24: consumer packaging in millions 2009 2008 2007 .
table_1: in millions the sales of 2009 is $ 3060 ; the sales of 2008 is $ 3195 ; the sales of 2007 is $ 3015 ;
text_25: north american consumer packaging net sales were $ 2.2 billion compared with $ 2.5 billion in 2008 and $ 2.4 billion in 2007 .
Reasoning Steps:
Step: multiply2-1(2.5, const_1000) = 2500
Step: divide2-2(#0, 3195) = 78%
Program:
multiply(2.5, const_1000), divide(#0, 3195)
Program (Nested):
divide(multiply(2.5, const_1000), 3195)
| 0.78247 | 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:
for uncoated freesheet paper and market pulp announced at the end of 2009 become effective . input costs are expected to be higher due to wood supply constraints at the kwidzyn mill and annual tariff increases on energy in russia . planned main- tenance outage costs are expected to be about flat , while operating costs should be favorable . asian printing papers net sales were approx- imately $ 50 million in 2009 compared with approx- imately $ 20 million in both 2008 and 2007 . operating earnings increased slightly in 2009 compared with 2008 , but were less than $ 1 million in all periods . u.s . market pulp net sales in 2009 totaled $ 575 million compared with $ 750 million in 2008 and $ 655 million in 2007 . operating earnings in 2009 were $ 140 million ( a loss of $ 71 million excluding alter- native fuel mixture credits and plant closure costs ) compared with a loss of $ 156 million ( a loss of $ 33 million excluding costs associated with the perma- nent shutdown of the bastrop mill ) in 2008 and earn- ings of $ 78 million in 2007 . sales volumes in 2009 decreased from 2008 levels due to weaker global demand . average sales price realizations were significantly lower as the decline in demand resulted in significant price declines for market pulp and smaller declines in fluff pulp . input costs for wood , energy and chemicals decreased , and freight costs were significantly lower . mill operating costs were favorable across all mills , and planned maintenance downtime costs were lower . lack-of-order downtime in 2009 increased to approx- imately 540000 tons , including 480000 tons related to the permanent shutdown of our bastrop mill in the fourth quarter of 2008 , compared with 135000 tons in 2008 . in the first quarter of 2010 , sales volumes are expected to increase slightly , reflecting improving customer demand for fluff pulp , offset by slightly seasonally weaker demand for softwood and hard- wood pulp in china . average sales price realizations are expected to improve , reflecting the realization of previously announced sales price increases for fluff pulp , hardwood pulp and softwood pulp . input costs are expected to increase for wood , energy and chemicals , and freight costs may also increase . planned maintenance downtime costs will be higher , but operating costs should be about flat . consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2009 decreased 4% ( 4 % ) compared with 2008 and increased 1% ( 1 % ) compared with 2007 . operating profits increased significantly compared with both 2008 and 2007 . excluding alternative fuel mixture credits and facility closure costs , 2009 operating profits were sig- nificantly higher than 2008 and 57% ( 57 % ) higher than 2007 . benefits from higher average sales price realizations ( $ 114 million ) , lower raw material and energy costs ( $ 114 million ) , lower freight costs ( $ 21 million ) , lower costs associated with the reorganiza- tion of the shorewood business ( $ 23 million ) , favor- able foreign exchange effects ( $ 14 million ) and other items ( $ 12 million ) were partially offset by lower sales volumes and increased lack-of-order downtime ( $ 145 million ) and costs associated with the perma- nent shutdown of the franklin mill ( $ 67 million ) . additionally , operating profits in 2009 included $ 330 million of alternative fuel mixture credits . consumer packaging in millions 2009 2008 2007 .
Table
in millions | 2009 | 2008 | 2007
sales | $ 3060 | $ 3195 | $ 3015
operating profit | 433 | 17 | 112
north american consumer packaging net sales were $ 2.2 billion compared with $ 2.5 billion in 2008 and $ 2.4 billion in 2007 . operating earnings in 2009 were $ 343 million ( $ 87 million excluding alter- native fuel mixture credits and facility closure costs ) compared with $ 8 million ( $ 38 million excluding facility closure costs ) in 2008 and $ 70 million in 2007 . coated paperboard sales volumes were lower in 2009 compared with 2008 reflecting weaker market conditions . average sales price realizations were significantly higher , reflecting the full-year realization of price increases implemented in the second half of 2008 . raw material costs for wood , energy and chemicals were significantly lower in 2009 , while freight costs were also favorable . operating costs , however , were unfavorable and planned main- tenance downtime costs were higher . lack-of-order downtime increased to 300000 tons in 2009 from 15000 tons in 2008 due to weak demand . operating results in 2009 include income of $ 330 million for alternative fuel mixture credits and $ 67 million of expenses for shutdown costs for the franklin mill . foodservice sales volumes were lower in 2009 than in 2008 due to generally weak world-wide economic conditions . average sales price realizations were .
Question:
north american consumer packaging net sales where what percentage of consumer packaging sales in 2008?
Important information:
text_24: consumer packaging in millions 2009 2008 2007 .
table_1: in millions the sales of 2009 is $ 3060 ; the sales of 2008 is $ 3195 ; the sales of 2007 is $ 3015 ;
text_25: north american consumer packaging net sales were $ 2.2 billion compared with $ 2.5 billion in 2008 and $ 2.4 billion in 2007 .
Reasoning Steps:
Step: multiply2-1(2.5, const_1000) = 2500
Step: divide2-2(#0, 3195) = 78%
Program:
multiply(2.5, const_1000), divide(#0, 3195)
Program (Nested):
divide(multiply(2.5, const_1000), 3195)
| finqa215 |
what is the combined amount of accrued interest and penalties related to tax positions taken on our tax returns in millions for fiscal 2018 and 2017?
Important information:
text_11: we also have federal , state and foreign tax credit carryforwards of approximately $ 8.8 million , $ 189.9 million and $ 14.9 million , respectively .
table_8: the ending balance of 2018 is $ 196152 ; the ending balance of 2017 is $ 172945 ;
text_18: 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 .
Reasoning Steps:
Step: add1-1(24.6, 23.6) = 48.2
Program:
add(24.6, 23.6)
Program (Nested):
add(24.6, 23.6)
| 48.2 | 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:
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 combined amount of accrued interest and penalties related to tax positions taken on our tax returns in millions for fiscal 2018 and 2017?
Important information:
text_11: we also have federal , state and foreign tax credit carryforwards of approximately $ 8.8 million , $ 189.9 million and $ 14.9 million , respectively .
table_8: the ending balance of 2018 is $ 196152 ; the ending balance of 2017 is $ 172945 ;
text_18: 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 .
Reasoning Steps:
Step: add1-1(24.6, 23.6) = 48.2
Program:
add(24.6, 23.6)
Program (Nested):
add(24.6, 23.6)
| finqa216 |
what was the difference in percentage cumulative total return for the five year period ended 31-dec-2017 of citi common stock and s&p financials?
Important information:
text_1: the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested .
table_1: date the 31-dec-2012 of citi is 100.0 ; the 31-dec-2012 of s&p 500 is 100.0 ; the 31-dec-2012 of s&p financials is 100.0 ;
table_6: date the 31-dec-2017 of citi is 193.5 ; the 31-dec-2017 of s&p 500 is 208.1 ; the 31-dec-2017 of s&p financials is 230.9 ;
Reasoning Steps:
Step: minus2-1(193.5, const_100) = 93.5
Step: divide2-2(#0, const_100) = 93.5%
Step: minus2-3(230.9, const_100) = 130.9
Step: divide2-4(#2, const_100) = 130.9%
Step: minus2-5(#1, #3) = -37.4
Program:
subtract(193.5, const_100), divide(#0, const_100), subtract(230.9, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(193.5, const_100), const_100), divide(subtract(230.9, const_100), const_100))
| -0.374 | 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 comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 65691 common stockholders of record as of january 31 , 2018 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2017 . the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
Table
date | citi | s&p 500 | s&p financials
31-dec-2012 | 100.0 | 100.0 | 100.0
31-dec-2013 | 131.8 | 132.4 | 135.6
31-dec-2014 | 137.0 | 150.5 | 156.2
31-dec-2015 | 131.4 | 152.6 | 153.9
31-dec-2016 | 152.3 | 170.8 | 188.9
31-dec-2017 | 193.5 | 208.1 | 230.9
.
Question:
what was the difference in percentage cumulative total return for the five year period ended 31-dec-2017 of citi common stock and s&p financials?
Important information:
text_1: the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested .
table_1: date the 31-dec-2012 of citi is 100.0 ; the 31-dec-2012 of s&p 500 is 100.0 ; the 31-dec-2012 of s&p financials is 100.0 ;
table_6: date the 31-dec-2017 of citi is 193.5 ; the 31-dec-2017 of s&p 500 is 208.1 ; the 31-dec-2017 of s&p financials is 230.9 ;
Reasoning Steps:
Step: minus2-1(193.5, const_100) = 93.5
Step: divide2-2(#0, const_100) = 93.5%
Step: minus2-3(230.9, const_100) = 130.9
Step: divide2-4(#2, const_100) = 130.9%
Step: minus2-5(#1, #3) = -37.4
Program:
subtract(193.5, const_100), divide(#0, const_100), subtract(230.9, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(193.5, const_100), const_100), divide(subtract(230.9, const_100), const_100))
| finqa217 |
if there were 50 facilities being rated in 2009 , how many were bbb/baa?
Important information:
text_0: market street commitments by credit rating ( a ) december 31 , december 31 .
table_2: the aa/aa of december 31 2009 is 50 ; the aa/aa of december 312008 is 6 ;
table_4: the bbb/baa of december 31 2009 is 2 ; the bbb/baa of december 312008 is 3 ;
Reasoning Steps:
Step: divide1-1(100, 50) = 2
Step: divide1-2(#0, #0) = 1
Program:
divide(100, 50), divide(#0, #0)
Program (Nested):
divide(divide(100, 50), divide(100, 50))
| 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:
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:
if there were 50 facilities being rated in 2009 , how many were bbb/baa?
Important information:
text_0: market street commitments by credit rating ( a ) december 31 , december 31 .
table_2: the aa/aa of december 31 2009 is 50 ; the aa/aa of december 312008 is 6 ;
table_4: the bbb/baa of december 31 2009 is 2 ; the bbb/baa of december 312008 is 3 ;
Reasoning Steps:
Step: divide1-1(100, 50) = 2
Step: divide1-2(#0, #0) = 1
Program:
divide(100, 50), divide(#0, #0)
Program (Nested):
divide(divide(100, 50), divide(100, 50))
| finqa218 |
what will be the yearly interest expense for entergy louisiana for the bond issued in 2012 , ( in millions ) ?
Important information:
text_3: entergy louisiana 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
text_10: in january 2012 , entergy louisiana issued $ 250 million of 1.875% ( 1.875 % ) series first mortgage bonds due december 2014 .
text_23: the settlement provides for entergy louisiana to recover $ 200 million as of march 31 , 2011 , and carrying costs on that amount on specified terms thereafter .
Reasoning Steps:
Step: minus2-1(250, 1.875%) = 4.7
Program:
subtract(250, 1.875%)
Program (Nested):
subtract(250, 1.875%)
| 249.98125 | 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 , llc and subsidiaries management 2019s financial discussion and analysis all debt and common and preferred membership interest issuances by entergy louisiana require prior regulatory approval . preferred membership interest and debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . entergy louisiana has sufficient capacity under these tests to meet its foreseeable capital needs . entergy louisiana 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
Table
2011 | 2010 | 2009 | 2008
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
( $ 118415 ) | $ 49887 | $ 52807 | $ 61236
see note 4 to the financial statements for a description of the money pool . entergy louisiana has a credit facility in the amount of $ 200 million scheduled to expire in august 2012 . as of december 31 , 2011 , $ 50 million was outstanding on the credit facility . entergy louisiana obtained short-term borrowing authorization from the ferc under which it may borrow through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 250 million . see note 4 to the financial statements for further discussion of entergy louisiana 2019s short-term borrowing limits . entergy louisiana has also obtained an order from the ferc authorizing long-term securities issuances through july 2013 . in january 2012 , entergy louisiana issued $ 250 million of 1.875% ( 1.875 % ) series first mortgage bonds due december 2014 . entergy louisiana used the proceeds to repay short-term borrowings under the entergy system money pool . little gypsy repowering project in april 2007 , entergy louisiana announced that it intended to pursue the solid fuel repowering of a 538 mw unit at its little gypsy plant . in march 2009 the lpsc voted in favor of a motion directing entergy louisiana to temporarily suspend the repowering project and , based upon an analysis of the project 2019s economic viability , to make a recommendation regarding whether to proceed with the project . this action was based upon a number of factors including the recent decline in natural gas prices , as well as environmental concerns , the unknown costs of carbon legislation and changes in the capital/financial markets . in april 2009 , entergy louisiana complied with the lpsc 2019s directive and recommended that the project be suspended for an extended period of time of three years or more . in may 2009 the lpsc issued an order declaring that entergy louisiana 2019s decision to place the little gypsy project into a longer-term suspension of three years or more is in the public interest and prudent . in october 2009 , entergy louisiana made a filing with the lpsc seeking permission to cancel the little gypsy repowering project and seeking project cost recovery over a five-year period . in june 2010 and august 2010 , the lpsc staff and intervenors filed testimony . the lpsc staff ( 1 ) agreed that it was prudent to move the project from long-term suspension to cancellation and that the timing of the decision to suspend on a longer-term basis was not imprudent ; ( 2 ) indicated that , except for $ 0.8 million in compensation-related costs , the costs incurred should be deemed prudent ; ( 3 ) recommended recovery from customers over ten years but stated that the lpsc may want to consider 15 years ; ( 4 ) allowed for recovery of carrying costs and earning a return on project costs , but at a reduced rate approximating the cost of debt , while also acknowledging that the lpsc may consider ordering no return ; and ( 5 ) indicated that entergy louisiana should be directed to securitize project costs , if legally feasible and in the public interest . in the third quarter 2010 , in accordance with accounting standards , entergy louisiana determined that it was probable that the little gypsy repowering project would be abandoned and accordingly reclassified $ 199.8 million of project costs from construction work in progress to a regulatory asset . a hearing on the issues , except for cost allocation among customer classes , was held before the alj in november 2010 . in january 2011 all parties participated in a mediation on the disputed issues , resulting in a settlement of all disputed issues , including cost recovery and cost allocation . the settlement provides for entergy louisiana to recover $ 200 million as of march 31 , 2011 , and carrying costs on that amount on specified terms thereafter . the settlement also provides for entergy louisiana to recover the approved project costs by securitization . in april 2011 , entergy .
Question:
what will be the yearly interest expense for entergy louisiana for the bond issued in 2012 , ( in millions ) ?
Important information:
text_3: entergy louisiana 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
text_10: in january 2012 , entergy louisiana issued $ 250 million of 1.875% ( 1.875 % ) series first mortgage bonds due december 2014 .
text_23: the settlement provides for entergy louisiana to recover $ 200 million as of march 31 , 2011 , and carrying costs on that amount on specified terms thereafter .
Reasoning Steps:
Step: minus2-1(250, 1.875%) = 4.7
Program:
subtract(250, 1.875%)
Program (Nested):
subtract(250, 1.875%)
| finqa219 |
what is the interest expense in 2015 assuming that all the debt is interest bearing debt , ( in billions ) ?
Important information:
text_2: borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 .
text_20: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
text_56: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
Reasoning Steps:
Step: multiply2-1(28.5, 3.0%) = 0.86
Program:
multiply(28.5, 3.0%)
Program (Nested):
multiply(28.5, 3.0%)
| 0.855 | 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 addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs . these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries . borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 . commercial paper program 2013 we have commercial paper programs in place in the u.s . and in europe . at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding . effective april 19 , 2013 , our commercial paper program in the u.s . was increased by $ 2.0 billion . as a result , our commercial paper programs in place in the u.s . and in europe currently have an aggregate issuance capacity of $ 8.0 billion . we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements . sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions . these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse . the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets . we sell trade receivables under two types of arrangements , servicing and non-servicing . pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions . the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively . the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows . for further details , see item 8 , note 23 . sale of accounts receivable to our consolidated financial statements . debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 . our total debt is primarily fixed rate in nature . for further details , see item 8 , note 7 . indebtedness . the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 . see item 8 , note 16 . fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt . the amount of debt that we can issue is subject to approval by our board of directors . on february 21 , 2014 , we filed a shelf registration statement with the u.s . securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period . our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s . dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s . dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 . the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes . the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 . 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .
Table
type | | face value | interest rate | issuance | maturity
u.s . dollar notes | ( a ) | $ 500 | 1.250% ( 1.250 % ) | august 2015 | august 2017
u.s . dollar notes | ( a ) | $ 750 | 3.375% ( 3.375 % ) | august 2015 | august 2025
in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs . these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries . borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 . commercial paper program 2013 we have commercial paper programs in place in the u.s . and in europe . at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding . effective april 19 , 2013 , our commercial paper program in the u.s . was increased by $ 2.0 billion . as a result , our commercial paper programs in place in the u.s . and in europe currently have an aggregate issuance capacity of $ 8.0 billion . we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements . sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions . these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse . the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets . we sell trade receivables under two types of arrangements , servicing and non-servicing . pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions . the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively . the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows . for further details , see item 8 , note 23 . sale of accounts receivable to our consolidated financial statements . debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 . our total debt is primarily fixed rate in nature . for further details , see item 8 , note 7 . indebtedness . the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 . see item 8 , note 16 . fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt . the amount of debt that we can issue is subject to approval by our board of directors . on february 21 , 2014 , we filed a shelf registration statement with the u.s . securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period . our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s . dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s . dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 . the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes . the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 . 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .
Question:
what is the interest expense in 2015 assuming that all the debt is interest bearing debt , ( in billions ) ?
Important information:
text_2: borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 .
text_20: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
text_56: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
Reasoning Steps:
Step: multiply2-1(28.5, 3.0%) = 0.86
Program:
multiply(28.5, 3.0%)
Program (Nested):
multiply(28.5, 3.0%)
| finqa220 |
what were capital expenditures associated with the retail segment since its inception , exclusive of the amount incurred during 2003 , in millions?
Important information:
text_5: retail the company opened 25 new retail stores during 2003 , bringing the total number of open stores to 65 as of september 27 , 2003 , which compares to 40 open stores as of september 28 , 2002 and 8 open stores as of september 29 , 2001 .
text_12: with an average of 54 stores open during 2003 , the retail segment achieved annualized revenue per store of approximately $ 11.5 million , as compared to approximately $ 10.2 million based on an average of 28 stores open in 2002 .
text_16: capital expenditures associated with the retail segment since its inception totaled approximately $ 290 million through the end of fiscal 2003 , $ 92 million of which was incurred during 2003 .
Reasoning Steps:
Step: minus1-1(290, 92) = 198
Program:
subtract(290, 92)
Program (Nested):
subtract(290, 92)
| 198.0 | 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:
24 of 93 net sales in japan remained flat during 2002 versus 2001 , with a slight decline in unit sales of 2% ( 2 % ) . consistent with the company 2019s other geographic operating segments , during 2002 japan showed growth in unit sales of consumer systems and a decline in unit sales of power macintosh systems . japan 2019s imac unit sales increased 85% ( 85 % ) in 2002 . however , in the case of japan the increase in imac unit shipments in 2002 versus 2001 was primarily the result of the unusually depressed level of net sales experienced by the company in the first quarter of 2001 as discussed above . additionally , net sales in japan on a sequential and year-over-year comparative basis generally worsened as 2002 progressed reflecting particularly poor economic conditions in japan . retail the company opened 25 new retail stores during 2003 , bringing the total number of open stores to 65 as of september 27 , 2003 , which compares to 40 open stores as of september 28 , 2002 and 8 open stores as of september 29 , 2001 . during the first quarter of fiscal 2004 , the company opened 9 additional stores including its first international store in the ginza in tokyo , japan . the retail segment 2019s net sales grew to $ 621 million during 2003 from $ 283 million in 2002 and from $ 19 million in 2001 . the $ 338 million or 119% ( 119 % ) increase in net sales during 2003 reflects the impact from opening 25 new stores in 2003 , the full year impact of 2002 store openings , as well as an increase in average revenue per store . total macintosh sales increased by approximately $ 170 million of which $ 108 million related to year-over-year increases in powerbook sales . the retail segment has also contributed strongly to the increases in net sales of peripherals , software and services experienced by the company during 2003 . during 2003 , approximately 45% ( 45 % ) of the retail segment 2019s net sales came from the sale of apple-branded and third-party peripherals , software and services as compared to 28% ( 28 % ) for the company as a whole . with an average of 54 stores open during 2003 , the retail segment achieved annualized revenue per store of approximately $ 11.5 million , as compared to approximately $ 10.2 million based on an average of 28 stores open in 2002 . as measured by the company 2019s operating segment reporting , the retail segment improved from a loss of $ 22 million during 2002 to a loss of $ 5 million during 2003 . this improvement is primarily attributable to the segment 2019s year-over-year increase in net sales , which resulted in higher leverage on occupancy , depreciation and other fixed costs . expansion of the retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure , operating lease commitments , personnel , and other operating expenses . capital expenditures associated with the retail segment since its inception totaled approximately $ 290 million through the end of fiscal 2003 , $ 92 million of which was incurred during 2003 . as of september 27 , 2003 , the retail segment had approximately 1300 employees and had outstanding operating lease commitments associated with retail store space and related facilities of $ 354 million . the company would incur substantial costs should it choose to terminate its retail segment or close individual stores . such costs could adversely affect the company 2019s results of operations and financial condition . investment in a new business model such as the retail segment is inherently risky , particularly in light of the significant investment involved , the current economic climate , and the fixed nature of a substantial portion of the retail segment 2019s operating expenses . gross margin gross margin for the three fiscal years ended september 27 , 2003 are as follows ( in millions , except gross margin percentages ) : .
Table
| 2003 | 2002 | 2001
net sales | $ 6207 | $ 5742 | $ 5363
cost of sales | 4499 | 4139 | 4128
gross margin | $ 1708 | $ 1603 | $ 1235
gross margin percentage | 27.5% ( 27.5 % ) | 27.9% ( 27.9 % ) | 23.0% ( 23.0 % )
gross margin decreased to 27.5% ( 27.5 % ) of net sales in 2003 from 27.9% ( 27.9 % ) of net sales in 2002 . this decline in gross margin reflects relatively aggressive pricing actions on several macintosh models instituted by the company beginning in late fiscal 2002 as a result of continued pricing pressure throughout the personal computer industry , lower sales of relatively higher margin power macintosh systems during the first three fiscal quarters of 2003 , and increased air freight and manufacturing costs associated with the production ramp-up of the new power mac g5 and 15-inch powerbook , both of which began shipping in volume during september 2003 . this decline is also attributable to a rise in certain component costs as the year progressed . the aforementioned negative factors affecting gross margins during 2003 were partially offset by the increase in higher margin software and direct sales . the company anticipates that its gross margin and the gross margin of the overall personal computer industry will remain under pressure throughout fiscal 2004 in light of weak economic conditions , price competition in the personal computer industry , and potential increases in component pricing . the company also expects to continue to incur air freight charges on the power mac g5 and other products during 2004 . the foregoing statements regarding the company 2019s expected gross margin during 2004 , general demand for personal computers , anticipated industry component pricing , anticipated air freight charges , and future economic conditions are forward-looking . there can be no assurance that current gross margins will be maintained , targeted gross margin levels will be achieved , or current margins on existing individual products will be maintained . in general , gross margins and margins on individual products will remain under .
Question:
what were capital expenditures associated with the retail segment since its inception , exclusive of the amount incurred during 2003 , in millions?
Important information:
text_5: retail the company opened 25 new retail stores during 2003 , bringing the total number of open stores to 65 as of september 27 , 2003 , which compares to 40 open stores as of september 28 , 2002 and 8 open stores as of september 29 , 2001 .
text_12: with an average of 54 stores open during 2003 , the retail segment achieved annualized revenue per store of approximately $ 11.5 million , as compared to approximately $ 10.2 million based on an average of 28 stores open in 2002 .
text_16: capital expenditures associated with the retail segment since its inception totaled approximately $ 290 million through the end of fiscal 2003 , $ 92 million of which was incurred during 2003 .
Reasoning Steps:
Step: minus1-1(290, 92) = 198
Program:
subtract(290, 92)
Program (Nested):
subtract(290, 92)
| finqa221 |
what is the difference in payments between entergy arkansas and entergy new orleans , in millions?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 68 ;
table_3: the entergy mississippi of payments ( receipts ) ( in millions ) is ( $ 11 ) ;
table_4: the entergy new orleans of payments ( receipts ) ( in millions ) is $ 2 ;
Reasoning Steps:
Step: minus1-1(68, 2) = 66
Program:
subtract(68, 2)
Program (Nested):
subtract(68, 2)
| 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:
entergy corporation and subsidiaries notes to financial statements entergy arkansas made its payment in january 2012 . in february 2012 , entergy arkansas filed for an interim adjustment to its production cost allocation rider requesting that the $ 156 million payment be collected from customers over the 22-month period from march 2012 through december 2013 . in march 2012 the apsc issued an order stating that the payment can be recovered from retail customers through the production cost allocation rider , subject to refund . the lpsc and the apsc have requested rehearing of the ferc 2019s october 2011 order . in december 2013 the lpsc filed a petition for a writ of mandamus at the united states court of appeals for the d.c . circuit . in its petition , the lpsc requested that the d.c . circuit issue an order compelling the ferc to issue a final order on pending rehearing requests . in january 2014 the d.c . circuit denied the lpsc 2019s petition . the apsc , the lpsc , the puct , and other parties intervened in the december 2011 compliance filing proceeding , and the apsc and the lpsc also filed protests . in february 2014 the ferc issued a rehearing order addressing its october 2011 order . the ferc denied the lpsc 2019s request for rehearing on the issues of whether the bandwidth remedy should be made effective earlier than june 1 , 2005 , and whether refunds should be ordered for the 20-month refund effective period . the ferc granted the lpsc 2019s rehearing request on the issue of interest on the bandwidth payments/receipts for the june - december 2005 period , requiring that interest be accrued from june 1 , 2006 until the date those bandwidth payments/receipts are made . also in february 2014 the ferc issued an order rejecting the december 2011 compliance filing that calculated the bandwidth payments/receipts for the june - december 2005 period . the ferc order required a new compliance filing that calculates the bandwidth payments/receipts for the june - december 2005 period based on monthly data for the seven individual months including interest pursuant to the february 2014 rehearing order . entergy has sought rehearing of the february 2014 orders with respect to the ferc 2019s determinations regarding interest . in april 2014 the lpsc filed a petition for review of the ferc 2019s october 2011 and february 2014 orders with the u.s . court of appeals for the d.c . circuit . the appeal is pending . in april and may 2014 , entergy filed with the ferc an updated compliance filing that provides the payments and receipts among the utility operating companies pursuant to the ferc 2019s february 2014 orders . the filing shows the following net payments and receipts , including interest , among the utility operating companies : payments ( receipts ) ( in millions ) .
Table
| payments ( receipts ) ( in millions )
entergy arkansas | $ 68
entergy louisiana | ( $ 10 )
entergy mississippi | ( $ 11 )
entergy new orleans | $ 2
entergy texas | ( $ 49 )
these payments were made in may 2014 . the lpsc , city council , and apsc have filed protests. .
Question:
what is the difference in payments between entergy arkansas and entergy new orleans , in millions?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 68 ;
table_3: the entergy mississippi of payments ( receipts ) ( in millions ) is ( $ 11 ) ;
table_4: the entergy new orleans of payments ( receipts ) ( in millions ) is $ 2 ;
Reasoning Steps:
Step: minus1-1(68, 2) = 66
Program:
subtract(68, 2)
Program (Nested):
subtract(68, 2)
| finqa222 |
what was the average rental expense , net of sublease income from 2004 to 2006 in millions
Important information:
text_6: payments due by period ( 1 ) ( in millions ) total 2007 2008 2009 2010 2011 thereafter .
text_12: rental expense , net of sublease income , was $ 241 million in 2006 , $ 250 million in 2005 and $ 205 million in 2004 .
text_28: the total remaining payments under these contracts are approximately $ 1.3 billion over the remaining seven years ; however , these contracts can be %%transmsg*** transmitting job : c11830 pcn : 055000000 *** %%pcmsg| |00030|yes|no|02/28/2007 13:05|0|1|page is valid , no graphics -- color : n| .
Reasoning Steps:
Step: add2-1(241, 250) = 491
Step: add2-2(#0, 205) = 696
Step: add2-3(#1, const_3) = 464.0
Step: divide0-0(#2, const_2) = 232
Program:
add(241, 250), add(#0, 205), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(241, 250), 205), const_3), const_2)
| 349.5 | 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:
53management's discussion and analysis of financial condition and results of operations in order to borrow funds under the 5-year credit facility , the company must be in compliance with various conditions , covenants and representations contained in the agreements . the company was in compliance with the terms of the 5-year credit facility at december 31 , 2006 . the company has never borrowed under its domestic revolving credit facilities . utilization of the non-u.s . credit facilities may also be dependent on the company's ability to meet certain conditions at the time a borrowing is requested . contractual obligations , guarantees , and other purchase commitments contractual obligations summarized in the table below are the company's obligations and commitments to make future payments under debt obligations ( assuming earliest possible exercise of put rights by holders ) , lease payment obligations , and purchase obligations as of december 31 , 2006 . payments due by period ( 1 ) ( in millions ) total 2007 2008 2009 2010 2011 thereafter .
Table
( in millions ) | payments due by period ( 1 ) total | payments due by period ( 1 ) 2007 | payments due by period ( 1 ) 2008 | payments due by period ( 1 ) 2009 | payments due by period ( 1 ) 2010 | payments due by period ( 1 ) 2011 | payments due by period ( 1 ) thereafter
long-term debt obligations | $ 4134 | $ 1340 | $ 198 | $ 4 | $ 534 | $ 607 | $ 1451
lease obligations | 2328 | 351 | 281 | 209 | 178 | 158 | 1151
purchase obligations | 1035 | 326 | 120 | 26 | 12 | 12 | 539
total contractual obligations | $ 7497 | $ 2017 | $ 599 | $ 239 | $ 724 | $ 777 | $ 3141
( 1 ) amounts included represent firm , non-cancelable commitments . debt obligations : at december 31 , 2006 , the company's long-term debt obligations , including current maturities and unamortized discount and issue costs , totaled $ 4.1 billion , as compared to $ 4.0 billion at december 31 , 2005 . a table of all outstanding long-term debt securities can be found in note 4 , ""debt and credit facilities'' to the company's consolidated financial statements . lease obligations : the company owns most of its major facilities , but does lease certain office , factory and warehouse space , land , and information technology and other equipment under principally non-cancelable operating leases . at december 31 , 2006 , future minimum lease obligations , net of minimum sublease rentals , totaled $ 2.3 billion . rental expense , net of sublease income , was $ 241 million in 2006 , $ 250 million in 2005 and $ 205 million in 2004 . purchase obligations : the company has entered into agreements for the purchase of inventory , license of software , promotional agreements , and research and development agreements which are firm commitments and are not cancelable . the longest of these agreements extends through 2015 . total payments expected to be made under these agreements total $ 1.0 billion . commitments under other long-term agreements : the company has entered into certain long-term agreements to purchase software , components , supplies and materials from suppliers . most of the agreements extend for periods of one to three years ( three to five years for software ) . however , generally these agreements do not obligate the company to make any purchases , and many permit the company to terminate the agreement with advance notice ( usually ranging from 60 to 180 days ) . if the company were to terminate these agreements , it generally would be liable for certain termination charges , typically based on work performed and supplier on-hand inventory and raw materials attributable to canceled orders . the company's liability would only arise in the event it terminates the agreements for reasons other than ""cause.'' the company also enters into a number of arrangements for the sourcing of supplies and materials with minimum purchase commitments and take-or-pay obligations . the majority of the minimum purchase obligations under these contracts are over the life of the contract as opposed to a year-by-year take-or-pay . if these agreements were terminated at december 31 , 2006 , the company's obligation would not have been significant . the company does not anticipate the cancellation of any of these agreements in the future . subsequent to the end of 2006 , the company entered into take-or-pay arrangements with suppliers through may 2009 with minimum purchase obligations of $ 2.2 billion during that period . the company estimates purchases during that period that exceed the minimum obligations . the company outsources certain corporate functions , such as benefit administration and information technology-related services . these contracts are expected to expire in 2013 . the total remaining payments under these contracts are approximately $ 1.3 billion over the remaining seven years ; however , these contracts can be %%transmsg*** transmitting job : c11830 pcn : 055000000 *** %%pcmsg| |00030|yes|no|02/28/2007 13:05|0|1|page is valid , no graphics -- color : n| .
Question:
what was the average rental expense , net of sublease income from 2004 to 2006 in millions
Important information:
text_6: payments due by period ( 1 ) ( in millions ) total 2007 2008 2009 2010 2011 thereafter .
text_12: rental expense , net of sublease income , was $ 241 million in 2006 , $ 250 million in 2005 and $ 205 million in 2004 .
text_28: the total remaining payments under these contracts are approximately $ 1.3 billion over the remaining seven years ; however , these contracts can be %%transmsg*** transmitting job : c11830 pcn : 055000000 *** %%pcmsg| |00030|yes|no|02/28/2007 13:05|0|1|page is valid , no graphics -- color : n| .
Reasoning Steps:
Step: add2-1(241, 250) = 491
Step: add2-2(#0, 205) = 696
Step: add2-3(#1, const_3) = 464.0
Step: divide0-0(#2, const_2) = 232
Program:
add(241, 250), add(#0, 205), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(241, 250), 205), const_3), const_2)
| finqa223 |
what was the difference in percentage cumulative 5-year total stockholder return for cadence design systems inc . compared to the nasdaq composite for the period ending 12/29/2018?
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(311.13, const_100) = 211.13
Step: divide2-2(#0, const_100) = 211.13%
Step: minus2-3(165.84, const_100) = 65.84
Step: divide2-4(#2, const_100) = 65.84%
Step: minus2-5(#1, #3) = 145.29%
Program:
subtract(311.13, const_100), divide(#0, const_100), subtract(165.84, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(311.13, const_100), const_100), divide(subtract(165.84, const_100), const_100))
| 1.4529 | 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 was the difference in percentage cumulative 5-year total stockholder return for cadence design systems inc . compared to the nasdaq composite for the period ending 12/29/2018?
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(311.13, const_100) = 211.13
Step: divide2-2(#0, const_100) = 211.13%
Step: minus2-3(165.84, const_100) = 65.84
Step: divide2-4(#2, const_100) = 65.84%
Step: minus2-5(#1, #3) = 145.29%
Program:
subtract(311.13, const_100), divide(#0, const_100), subtract(165.84, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(311.13, const_100), const_100), divide(subtract(165.84, const_100), const_100))
| finqa224 |
considering the year 2016 , what was the percentual increase in the high sale price observed during the first and second quarters?
Important information:
table_1: quarter the first of 2016 high is $ 30.66 ; the first of 2016 low is $ 18.42 ; the first of 2016 dividend is $ 0.09 ; the first of 2016 high is $ 51.30 ; the first of 2016 low is $ 37.95 ; the first of dividend is $ 0.09 ;
table_2: quarter the second of 2016 high is 34.50 ; the second of 2016 low is 26.34 ; the second of 2016 dividend is 0.09 ; the second of 2016 high is 42.87 ; the second of 2016 low is 33.45 ; the second of dividend is 0.09 ;
table_5: quarter the year of 2016 high is $ 34.50 ; the year of 2016 low is $ 16.75 ; the year of 2016 dividend is $ 0.36 ; the year of 2016 high is $ 51.30 ; the year of 2016 low is $ 23.43 ; the year of dividend is $ 0.36 ;
Reasoning Steps:
Step: divide2-1(34.50, 30.66) = 1.1252
Step: minus2-2(#0, const_1) = 12.52%
Program:
divide(34.50, 30.66), subtract(#0, const_1)
Program (Nested):
subtract(divide(34.50, 30.66), const_1)
| 0.12524 | 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 3 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 . 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 the fourth quarter of 2016 do not reflect any adjustment for the impact of the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to pre-separation prices from earlier periods. .
Table
quarter | 2016 high | 2016 low | 2016 dividend | 2016 high | 2016 low | dividend
first | $ 30.66 | $ 18.42 | $ 0.09 | $ 51.30 | $ 37.95 | $ 0.09
second | 34.50 | 26.34 | 0.09 | 42.87 | 33.45 | 0.09
third | 32.91 | 27.09 | 0.09 | 33.69 | 23.91 | 0.09
fourth ( separation occurred on november 1 2016 ) | 32.10 | 16.75 | 0.09 | 33.54 | 23.43 | 0.09
year | $ 34.50 | $ 16.75 | $ 0.36 | $ 51.30 | $ 23.43 | $ 0.36
the number of holders of record of common stock was approximately 12885 as of february 23 , 2017. .
Question:
considering the year 2016 , what was the percentual increase in the high sale price observed during the first and second quarters?
Important information:
table_1: quarter the first of 2016 high is $ 30.66 ; the first of 2016 low is $ 18.42 ; the first of 2016 dividend is $ 0.09 ; the first of 2016 high is $ 51.30 ; the first of 2016 low is $ 37.95 ; the first of dividend is $ 0.09 ;
table_2: quarter the second of 2016 high is 34.50 ; the second of 2016 low is 26.34 ; the second of 2016 dividend is 0.09 ; the second of 2016 high is 42.87 ; the second of 2016 low is 33.45 ; the second of dividend is 0.09 ;
table_5: quarter the year of 2016 high is $ 34.50 ; the year of 2016 low is $ 16.75 ; the year of 2016 dividend is $ 0.36 ; the year of 2016 high is $ 51.30 ; the year of 2016 low is $ 23.43 ; the year of dividend is $ 0.36 ;
Reasoning Steps:
Step: divide2-1(34.50, 30.66) = 1.1252
Step: minus2-2(#0, const_1) = 12.52%
Program:
divide(34.50, 30.66), subtract(#0, const_1)
Program (Nested):
subtract(divide(34.50, 30.66), const_1)
| finqa225 |
what is the net change in net revenue during 2016?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 1666 ;
table_7: the other of amount ( in millions ) is -4 ( 4 ) ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 1542 ;
Reasoning Steps:
Step: minus2-1(1542, 1666) = -124
Program:
subtract(1542, 1666)
Program (Nested):
subtract(1542, 1666)
| -124.0 | 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:
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 net change in net revenue during 2016?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 1666 ;
table_7: the other of amount ( in millions ) is -4 ( 4 ) ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 1542 ;
Reasoning Steps:
Step: minus2-1(1542, 1666) = -124
Program:
subtract(1542, 1666)
Program (Nested):
subtract(1542, 1666)
| finqa226 |
the non-recurring charge for the office facility closing was what percent of lease expense in 2006?
Important information:
text_20: in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term .
text_21: total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively .
table_1: fiscal year ending march 31, the 2007 of operating leases is 1703 ;
Reasoning Steps:
Step: divide2-1(58000, 1262000) = 4.6%
Program:
divide(58000, 1262000)
Program (Nested):
divide(58000, 1262000)
| 0.04596 | 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 ) ( 7 ) commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2006 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company . in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2006 are approximately as follows ( in thousands ) : fiscal year ending march 31 , operating leases .
Table
fiscal year ending march 31, | operating leases
2007 | 1703
2008 | 1371
2009 | 1035
2010 | 710
total future minimum lease payments | $ 4819
from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results . on may 15 , 2006 richard a . nazarian , as selling stockholder representative , filed a demand for arbitration ( subsequently amended ) with the boston office of the american arbitration association .
Question:
the non-recurring charge for the office facility closing was what percent of lease expense in 2006?
Important information:
text_20: in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term .
text_21: total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively .
table_1: fiscal year ending march 31, the 2007 of operating leases is 1703 ;
Reasoning Steps:
Step: divide2-1(58000, 1262000) = 4.6%
Program:
divide(58000, 1262000)
Program (Nested):
divide(58000, 1262000)
| finqa227 |
in 2019 what was the percent of the financing structure that was based on the equity
Important information:
table_1: the total debt ( millions of dollars ) of 2019 is $ 19390 ; the total debt ( millions of dollars ) of 2018 is $ 21496 ; the total debt ( millions of dollars ) of 2017 is $ 18870 ;
table_2: the short-term debt as a percentage of total debt of 2019 is 6.8% ( 6.8 % ) ; the short-term debt as a percentage of total debt of 2018 is 12.1% ( 12.1 % ) ; the short-term debt as a percentage of total debt of 2017 is 1.1% ( 1.1 % ) ;
text_6: cash and short-term investments at september 30 , 2019 , total worldwide cash and short-term investments were $ 620 million , including restricted cash , which was primarily held in jurisdictions outside of the united states .
Reasoning Steps:
Step: minus1-1(const_1, 45.6) = 44.4%
Program:
subtract(const_1, 45.6)
Program (Nested):
subtract(const_1, 45.6)
| -44.6 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
debt-related activities certain measures relating to our total debt were as follows: .
Table
| 2019 | 2018 | 2017
total debt ( millions of dollars ) | $ 19390 | $ 21496 | $ 18870
short-term debt as a percentage of total debt | 6.8% ( 6.8 % ) | 12.1% ( 12.1 % ) | 1.1% ( 1.1 % )
weighted average cost of total debt | 2.9% ( 2.9 % ) | 3.2% ( 3.2 % ) | 3.3% ( 3.3 % )
total debt as a percentage of total capital ( a ) | 45.6% ( 45.6 % ) | 47.8% ( 47.8 % ) | 57.5% ( 57.5 % )
( a ) represents shareholders 2019 equity , net non-current deferred income tax liabilities , and debt . the decrease in short-term debt as a percentage of total debt at september 30 , 2019 was primarily driven by the payment of certain short-term notes as well as the issuance of long-term notes in 2019 . the increase in short-term debt as a percentage of total debt at september 30 , 2018 was primarily driven by the reclassification of certain notes from long-term to short-term . additional disclosures regarding our debt instruments are provided in note 16 to the consolidated financial statements contained in item 8 . financial statements and supplementary data . cash and short-term investments at september 30 , 2019 , total worldwide cash and short-term investments were $ 620 million , including restricted cash , which was primarily held in jurisdictions outside of the united states . financing facilities in may 2017 , we entered into a five-year senior unsecured revolving credit facility which provides borrowing of up to $ 2.25 billion . this facility will expire in december 2022 . we are able to issue up to $ 100 million in letters of credit under this new revolving credit facility and it also includes a provision that enables bd , subject to additional commitments made by the lenders , to access up to an additional $ 500 million in financing through the facility for a maximum aggregate commitment of $ 2.75 billion . we use proceeds from this facility to fund general corporate needs . borrowings outstanding under the revolving credit facility at september 30 , 2019 were $ 485 million . the agreement for our revolving credit facility contained the following financial covenants . we were in compliance with these covenants as of september 30 , 2019 . 2022 we are required to maintain an interest expense coverage ratio of not less than 4-to-1 as of the last day of each fiscal quarter . 2022 we are required to have a leverage coverage ratio of no more than : 25e6 6-to-1 from the closing date of the bard acquisition until and including the first fiscal quarter- end thereafter ; 25e6 5.75-to-1 for the subsequent four fiscal quarters thereafter ; 25e6 5.25-to-1 for the subsequent four fiscal quarters thereafter ; 25e6 4.5-to-1 for the subsequent four fiscal quarters thereafter ; 25e6 4-to-1 for the subsequent four fiscal quarters thereafter ; 25e6 3.75-to-1 thereafter . we also have informal lines of credit outside the united states . during the fourth quarter of 2019 , the company fully repaid its borrowings outstanding on a 364-day senior unsecured term loan facility that the company entered in september 2018 . the company had no commercial paper borrowings outstanding as of september 30 , 2019 . we may , from time to time , sell certain trade receivable assets to third parties as we manage working capital over the normal course of our business activities. .
Question:
in 2019 what was the percent of the financing structure that was based on the equity
Important information:
table_1: the total debt ( millions of dollars ) of 2019 is $ 19390 ; the total debt ( millions of dollars ) of 2018 is $ 21496 ; the total debt ( millions of dollars ) of 2017 is $ 18870 ;
table_2: the short-term debt as a percentage of total debt of 2019 is 6.8% ( 6.8 % ) ; the short-term debt as a percentage of total debt of 2018 is 12.1% ( 12.1 % ) ; the short-term debt as a percentage of total debt of 2017 is 1.1% ( 1.1 % ) ;
text_6: cash and short-term investments at september 30 , 2019 , total worldwide cash and short-term investments were $ 620 million , including restricted cash , which was primarily held in jurisdictions outside of the united states .
Reasoning Steps:
Step: minus1-1(const_1, 45.6) = 44.4%
Program:
subtract(const_1, 45.6)
Program (Nested):
subtract(const_1, 45.6)
| finqa228 |
in 2013 what was the percent of the total operating revenues from mexico
Important information:
table_7: millions the total freight revenues of 2013 is $ 20684 ; the total freight revenues of 2012 is $ 19686 ; the total freight revenues of 2011 is $ 18508 ;
table_9: millions the total operatingrevenues of 2013 is $ 21963 ; the total operatingrevenues of 2012 is $ 20926 ; the total operatingrevenues of 2011 is $ 19557 ;
text_13: included in the above table are revenues from our mexico business which amounted to $ 2.1 billion in 2013 , $ 1.9 billion in 2012 , and $ 1.8 billion in 2011 .
Reasoning Steps:
Step: divide2-1(2.1, 21963) = 9.6%
Program:
divide(2.1, 21963)
Program (Nested):
divide(2.1, 21963)
| 0.0001 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 31838 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26009 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and review revenue by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group : millions 2013 2012 2011 .
Table
millions | 2013 | 2012 | 2011
agricultural | $ 3276 | $ 3280 | $ 3324
automotive | 2077 | 1807 | 1510
chemicals | 3501 | 3238 | 2815
coal | 3978 | 3912 | 4084
industrial products | 3822 | 3494 | 3166
intermodal | 4030 | 3955 | 3609
total freight revenues | $ 20684 | $ 19686 | $ 18508
other revenues | 1279 | 1240 | 1049
total operatingrevenues | $ 21963 | $ 20926 | $ 19557
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are revenues from our mexico business which amounted to $ 2.1 billion in 2013 , $ 1.9 billion in 2012 , and $ 1.8 billion in 2011 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .
Question:
in 2013 what was the percent of the total operating revenues from mexico
Important information:
table_7: millions the total freight revenues of 2013 is $ 20684 ; the total freight revenues of 2012 is $ 19686 ; the total freight revenues of 2011 is $ 18508 ;
table_9: millions the total operatingrevenues of 2013 is $ 21963 ; the total operatingrevenues of 2012 is $ 20926 ; the total operatingrevenues of 2011 is $ 19557 ;
text_13: included in the above table are revenues from our mexico business which amounted to $ 2.1 billion in 2013 , $ 1.9 billion in 2012 , and $ 1.8 billion in 2011 .
Reasoning Steps:
Step: divide2-1(2.1, 21963) = 9.6%
Program:
divide(2.1, 21963)
Program (Nested):
divide(2.1, 21963)
| finqa229 |
what was the net effect of the one-percentage point increase and decrease on total service and interest cost components
Important information:
text_1: the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) .
table_1: the effect on total of service and interest cost components of one-percentage-pointincrease is $ 7367 ; the effect on total of service and interest cost components of one-percentage-pointdecrease is $ -5974 ( 5974 ) ;
table_2: the effect on other postretirement benefit obligation of one-percentage-pointincrease is $ 72238 ; the effect on other postretirement benefit obligation of one-percentage-pointdecrease is $ -60261 ( 60261 ) ;
Reasoning Steps:
Step: add2-1(7367, -5974) = 1393
Program:
add(7367, -5974)
Program (Nested):
add(7367, -5974)
| 1393.0 | 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:
coupons and expected maturity values of individually selected bonds . the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) . historically , for each plan , the discount rate was developed as the level equivalent rate that would produce the same present value as that using spot rates aligned with the projected benefit payments . the expected long-term rate of return on plan assets is based on historical and projected rates of return , prior to administrative and investment management fees , for current and planned asset classes in the plans 2019 investment portfolios . assumed projected rates of return for each of the plans 2019 projected asset classes were selected after analyzing historical experience and future expectations of the returns and volatility of the various asset classes . based on the target asset allocation for each asset class , the overall expected rate of return for the portfolio was developed , adjusted for historical and expected experience of active portfolio management results compared to the benchmark returns and for the effect of expenses paid from plan assets . the company 2019s pension expense increases as the expected return on assets decreases . assumed health care cost trend rates have a significant effect on the amounts reported for the other postretirement benefit plans . the health care cost trend rate is based on historical rates and expected market conditions . a one-percentage-point change in assumed health care cost trend rates would have the following effects : percentage- increase percentage- decrease .
Table
| one-percentage-pointincrease | one-percentage-pointdecrease
effect on total of service and interest cost components | $ 7367 | $ -5974 ( 5974 )
effect on other postretirement benefit obligation | $ 72238 | $ -60261 ( 60261 )
.
Question:
what was the net effect of the one-percentage point increase and decrease on total service and interest cost components
Important information:
text_1: the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) .
table_1: the effect on total of service and interest cost components of one-percentage-pointincrease is $ 7367 ; the effect on total of service and interest cost components of one-percentage-pointdecrease is $ -5974 ( 5974 ) ;
table_2: the effect on other postretirement benefit obligation of one-percentage-pointincrease is $ 72238 ; the effect on other postretirement benefit obligation of one-percentage-pointdecrease is $ -60261 ( 60261 ) ;
Reasoning Steps:
Step: add2-1(7367, -5974) = 1393
Program:
add(7367, -5974)
Program (Nested):
add(7367, -5974)
| finqa230 |
what was the spread between the high and low henry hub natural gas ( dollars per mcf ) in 2009?
Important information:
table_1: benchmark the wti crude oil ( dollars per barrel ) of 2009 is $ 62.09 ; the wti crude oil ( dollars per barrel ) of 2008 is $ 99.75 ; the wti crude oil ( dollars per barrel ) of 2007 is $ 72.41 ;
table_3: benchmark the henry hub natural gas ( dollars per mcf ) ( a ) of 2009 is $ 3.99 ; the henry hub natural gas ( dollars per mcf ) ( a ) of 2008 is $ 9.04 ; the henry hub natural gas ( dollars per mcf ) ( a ) of 2007 is $ 6.86 ;
text_20: henry hub natural gas ( dollars per mcf ) ( a ) $ 3.99 $ 9.04 $ 6.86 ( a ) first-of-month price index .
Reasoning Steps:
Step: minus2-1(79.36, 33.98) = 45.38
Program:
subtract(79.36, 33.98)
Program (Nested):
subtract(79.36, 33.98)
| 45.38 | 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 7 . management 2019s discussion and analysis of financial condition and results of operations we are a global integrated energy company with significant operations in the north america , africa and europe . our operations are organized into four reportable segments : 2022 exploration and production ( 201ce&p 201d ) which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis . 2022 oil sands mining ( 201cosm 201d ) which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas 2022 integrated gas ( 201cig 201d ) which markets and transports products manufactured from natural gas , such as liquefied natural gas ( 201clng 201d ) and methanol , on a worldwide basis . 2022 refining , marketing & transportation ( 201crm&t 201d ) which refines , markets and transports crude oil and petroleum products , primarily in the midwest , upper great plains , gulf coast and southeastern regions of the united states . certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward-looking statements concerning trends or events potentially affecting our business . these statements typically contain words such as 201canticipates , 201d 201cbelieves , 201d 201cestimates , 201d 201cexpects , 201d 201ctargets , 201d 201cplans , 201d 201cprojects , 201d 201ccould , 201d 201cmay , 201d 201cshould , 201d 201cwould 201d or similar words indicating that future outcomes are uncertain . in accordance with 201csafe harbor 201d provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in the forward-looking statements . we hold a 60 percent interest in equatorial guinea lng holdings limited ( 201cegholdings 201d ) . as discussed in note 4 to the consolidated financial statements , effective may 1 , 2007 , we ceased consolidating egholdings . our investment is accounted for using the equity method of accounting . unless specifically noted , amounts presented for the integrated gas segment for periods prior to may 1 , 2007 , include amounts related to the minority interests . management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 . business , item 1a . risk factors , item 6 . selected financial data and item 8 . financial statements and supplementary data . overview exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows . prices were volatile in 2009 , but not as much as in the previous year . prices in 2009 were also lower than in recent years as illustrated by the annual averages for key benchmark prices below. .
Table
benchmark | 2009 | 2008 | 2007
wti crude oil ( dollars per barrel ) | $ 62.09 | $ 99.75 | $ 72.41
dated brent crude oil ( dollars per barrel ) | $ 61.67 | $ 97.26 | $ 72.39
henry hub natural gas ( dollars per mcf ) ( a ) | $ 3.99 | $ 9.04 | $ 6.86
henry hub natural gas ( dollars per mcf ) ( a ) $ 3.99 $ 9.04 $ 6.86 ( a ) first-of-month price index . crude oil prices rose sharply through the first half of 2008 as a result of strong global demand , a declining dollar , ongoing concerns about supplies of crude oil , and geopolitical risk . later in 2008 , crude oil prices sharply declined as the u.s . dollar rebounded and global demand decreased as a result of economic recession . the price decrease continued into 2009 , but reversed after dropping below $ 33.98 in february , ending the year at $ 79.36 . our domestic crude oil production is about 62 percent sour , which means that it contains more sulfur than light sweet wti does . sour crude oil also tends to be heavier than light sweet crude oil and sells at a discount to light sweet crude oil because of higher refining costs and lower refined product values . our international crude oil production is relatively sweet and is generally sold in relation to the dated brent crude benchmark . the differential between wti and dated brent average prices narrowed to $ 0.42 in 2009 compared to $ 2.49 in 2008 and $ 0.02 in 2007. .
Question:
what was the spread between the high and low henry hub natural gas ( dollars per mcf ) in 2009?
Important information:
table_1: benchmark the wti crude oil ( dollars per barrel ) of 2009 is $ 62.09 ; the wti crude oil ( dollars per barrel ) of 2008 is $ 99.75 ; the wti crude oil ( dollars per barrel ) of 2007 is $ 72.41 ;
table_3: benchmark the henry hub natural gas ( dollars per mcf ) ( a ) of 2009 is $ 3.99 ; the henry hub natural gas ( dollars per mcf ) ( a ) of 2008 is $ 9.04 ; the henry hub natural gas ( dollars per mcf ) ( a ) of 2007 is $ 6.86 ;
text_20: henry hub natural gas ( dollars per mcf ) ( a ) $ 3.99 $ 9.04 $ 6.86 ( a ) first-of-month price index .
Reasoning Steps:
Step: minus2-1(79.36, 33.98) = 45.38
Program:
subtract(79.36, 33.98)
Program (Nested):
subtract(79.36, 33.98)
| finqa231 |
in 2005 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: divide2-1(437, 2245) = 19%
Program:
divide(437, 2245)
Program (Nested):
divide(437, 2245)
| 0.19465 | 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 2005 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: divide2-1(437, 2245) = 19%
Program:
divide(437, 2245)
Program (Nested):
divide(437, 2245)
| finqa232 |
what was the percent of the total commitment with an expiration of less that 1 year was subject to renewal
Important information:
text_5: at december 31 , 2005 , we had outstanding letters of credit , surety bonds and guarantees , as follows : commitment expiration by period ( in millions ) commitment 1 year ( a ) years ( a ) standby letters of credit $ 2630 $ 2425 $ 171 $ 18 $ 16 .
table_4: ( in millions ) the total commitments of commitment expiration by period total commitment is $ 3066 ; the total commitments of commitment expiration by period less than 1 year ( a ) is $ 2505 ; the total commitments of commitment expiration by period 1-3 years ( a ) is $ 524 ; the total commitments of commitment expiration by period 3-5 years is $ 21 ; the total commitments of commitment expiration by period after 5 years is $ 16 ;
text_6: ( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .
Reasoning Steps:
Step: divide2-1(2262, 2425) = 93.3%
Program:
divide(2262, 2425)
Program (Nested):
divide(2262, 2425)
| 0.93278 | 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 38 five years . the amounts ultimately applied against our offset agreements are based on negotiations with the customer and generally require cash outlays that represent only a fraction of the original amount in the offset agreement . at december 31 , 2005 , we had outstanding offset agreements totaling $ 8.4 bil- lion , primarily related to our aeronautics segment , that extend through 2015 . to the extent we have entered into purchase obligations at december 31 , 2005 that also satisfy offset agree- ments , those amounts are included in the preceding table . we have entered into standby letter of credit agreements and other arrangements with financial institutions and custom- ers mainly relating to advances received from customers and/or the guarantee of future performance on some of our contracts . at december 31 , 2005 , we had outstanding letters of credit , surety bonds and guarantees , as follows : commitment expiration by period ( in millions ) commitment 1 year ( a ) years ( a ) standby letters of credit $ 2630 $ 2425 $ 171 $ 18 $ 16 .
Table
( in millions ) | commitment expiration by period total commitment | commitment expiration by period less than 1 year ( a ) | commitment expiration by period 1-3 years ( a ) | commitment expiration by period 3-5 years | commitment expiration by period after 5 years
standby letters of credit | $ 2630 | $ 2425 | $ 171 | $ 18 | $ 16
surety bonds | 434 | 79 | 352 | 3 | 2014
guarantees | 2 | 1 | 1 | 2014 | 2014
total commitments | $ 3066 | $ 2505 | $ 524 | $ 21 | $ 16
( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation . included in the table above is approximately $ 200 million representing letter of credit and surety bond amounts for which related obligations or liabilities are also recorded in the bal- ance sheet , either as reductions of inventories , as customer advances and amounts in excess of costs incurred , or as other liabilities . approximately $ 2 billion of the standby letters of credit in the table above were to secure advance payments received under an f-16 contract from an international cus- tomer . these letters of credit are available for draw down in the event of our nonperformance , and the amount available will be reduced as certain events occur throughout the period of performance in accordance with the contract terms . similar to the letters of credit for the f-16 contract , other letters of credit and surety bonds are available for draw down in the event of our nonperformance . at december 31 , 2005 , we had no material off-balance sheet arrangements as those arrangements are defined by the securities and exchange commission ( sec ) . quantitative and qualitative disclosure of market risk our main exposure to market risk relates to interest rates and foreign currency exchange rates . our financial instruments that are subject to interest rate risk principally include fixed- rate and floating rate long-term debt . if interest rates were to change by plus or minus 1% ( 1 % ) , interest expense would increase or decrease by approximately $ 10 million related to our float- ing rate debt . the estimated fair values of the corporation 2019s long-term debt instruments at december 31 , 2005 aggregated approximately $ 6.2 billion , compared with a carrying amount of approximately $ 5.0 billion . the majority of our long-term debt obligations are not callable until maturity . we have used interest rate swaps in the past to manage our exposure to fixed and variable interest rates ; however , at year-end 2005 , we had no such agreements in place . we use forward foreign exchange contracts to manage our exposure to fluctuations in foreign currency exchange rates , and do so in ways that qualify for hedge accounting treatment . these exchange contracts hedge the fluctuations in cash flows associated with firm commitments or specific anticipated transactions contracted in foreign currencies , or hedge the exposure to rate changes affecting foreign currency denomi- nated assets or liabilities . related gains and losses on these contracts , to the extent they are effective hedges , are recog- nized in income at the same time the hedged transaction is recognized or when the hedged asset or liability is adjusted . to the extent the hedges are ineffective , gains and losses on the contracts are recognized in the current period . at december 31 , 2005 , the fair value of forward exchange con- tracts outstanding , as well as the amounts of gains and losses recorded during the year then ended , were not material . we do not hold or issue derivative financial instruments for trad- ing or speculative purposes . recent accounting pronouncements in december 2004 , the fasb issued fas 123 ( r ) , share- based payments , which will impact our net earnings and earn- ings per share and change the classification of certain elements of the statement of cash flows . fas 123 ( r ) requires stock options and other share-based payments made to employees to be accounted for as compensation expense and recorded at fair lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2005 .
Question:
what was the percent of the total commitment with an expiration of less that 1 year was subject to renewal
Important information:
text_5: at december 31 , 2005 , we had outstanding letters of credit , surety bonds and guarantees , as follows : commitment expiration by period ( in millions ) commitment 1 year ( a ) years ( a ) standby letters of credit $ 2630 $ 2425 $ 171 $ 18 $ 16 .
table_4: ( in millions ) the total commitments of commitment expiration by period total commitment is $ 3066 ; the total commitments of commitment expiration by period less than 1 year ( a ) is $ 2505 ; the total commitments of commitment expiration by period 1-3 years ( a ) is $ 524 ; the total commitments of commitment expiration by period 3-5 years is $ 21 ; the total commitments of commitment expiration by period after 5 years is $ 16 ;
text_6: ( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .
Reasoning Steps:
Step: divide2-1(2262, 2425) = 93.3%
Program:
divide(2262, 2425)
Program (Nested):
divide(2262, 2425)
| finqa233 |
considering the year 2014 , what is the variation between the capital expenditures on a gaap basis and the one on a non-gaap basis?
Important information:
table_4: the capital expenditures on a gaap basis of 2014 is $ 1682.2 ; the capital expenditures on a gaap basis of 2013 is $ 1747.8 ; the capital expenditures on a gaap basis of 2012 is $ 2559.8 ;
table_7: the capital expenditures on a non-gaap basis of 2014 is $ 1885.1 ; the capital expenditures on a non-gaap basis of 2013 is $ 1996.7 ; the capital expenditures on a non-gaap basis of 2012 is $ 2778.3 ;
text_25: capital expenditures on a non-gaap basis in 2014 totaled $ 1885.1 compared to $ 1996.7 in 2013 .
Reasoning Steps:
Step: minus1-1(1885.1, 1682.2) = 202.9
Program:
subtract(1885.1, 1682.2)
Program (Nested):
subtract(1885.1, 1682.2)
| 202.9 | 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:
investing activities for the year ended 30 september 2014 , cash used for investing activities was $ 1638.0 , primarily capital expenditures for plant and equipment . for the year ended 30 september 2013 , cash used for investing activities was $ 1697.0 , primarily capital expenditures for plant and equipment and acquisitions . for the year ended 30 september 2012 , cash used for investing activities was $ 2435.2 , primarily capital expenditures for plant and equipment , acquisitions , and investments in unconsolidated affiliates . refer to the capital expenditures section below for additional detail . capital expenditures capital expenditures are detailed in the following table: .
Table
| 2014 | 2013 | 2012
additions to plant and equipment | $ 1684.2 | $ 1524.2 | $ 1521.0
acquisitions less cash acquired | 2014 | 224.9 | 863.4
investments in and advances to unconsolidated affiliates | -2.0 ( 2.0 ) | -1.3 ( 1.3 ) | 175.4
capital expenditures on a gaap basis | $ 1682.2 | $ 1747.8 | $ 2559.8
capital lease expenditures ( a ) | 202.4 | 234.9 | 212.2
purchase of noncontrolling interests in asubsidiary ( a ) | .5 | 14.0 | 6.3
capital expenditures on a non-gaap basis | $ 1885.1 | $ 1996.7 | $ 2778.3
( a ) we utilize a non-gaap measure in the computation of capital expenditures and include spending associated with facilities accounted for as capital leases and purchases of noncontrolling interests . certain contracts associated with facilities that are built to provide product to a specific customer are required to be accounted for as leases , and such spending is reflected as a use of cash within cash provided by operating activities , if the arrangement qualifies as a capital lease . additionally , the payment for subsidiary shares from noncontrolling interests in a subsidiary is accounted for as an equity transaction and will be reflected as a financing activity in the statement of cash flows . the presentation of this non-gaap measure is intended to enhance the usefulness of information by providing a measure that our management uses internally to evaluate and manage our expenditures . capital expenditures on a gaap basis in 2014 totaled $ 1682.2 , compared to $ 1747.8 in 2013 . the decrease of $ 65.6 was primarily due to the acquisitions in 2013 . additions to plant and equipment are largely in support of the merchant gases and tonnage gases businesses . additions to plant and equipment also included support capital of a routine , ongoing nature , including expenditures for distribution equipment and facility improvements . spending in 2014 and 2013 included plant and equipment constructed to provide oxygen for coal gasification in china , hydrogen to the global market , and renewable energy in the u.k . in 2013 , we completed three acquisitions with an aggregate cash use , net of cash acquired , of $ 224.9 . in the fourth quarter , we acquired an air separation unit and integrated gases liquefier in guiyang , china . during the third quarter , we acquired epco , the largest independent u.s . producer of liquid carbon dioxide ( co2 ) , and wcg . in 2012 , we acquired a controlling stake in indura s.a . for $ 690 and e.i . dupont de nemours and co. , inc . 2019s 50% ( 50 % ) interest in our joint venture , da nanomaterials for $ 147 . we also purchased a 25% ( 25 % ) equity interest in abdullah hashim industrial gases & equipment co . ltd . ( ahg ) , an unconsolidated affiliate , for $ 155 . refer to note 5 , business combinations , and note 7 , summarized financial information of equity affiliates , to the consolidated financial statements for additional details regarding the acquisitions and the investments . capital expenditures on a non-gaap basis in 2014 totaled $ 1885.1 compared to $ 1996.7 in 2013 . capital lease expenditures of $ 202.4 decreased by $ 32.5 , reflecting lower project spending . 2015 outlook excluding acquisitions , capital expenditures for new plant and equipment in 2015 on a gaap basis are expected to be between $ 1650 and $ 1800 , and on a non-gaap basis are expected to be between $ 1700 and $ 1900 . the non-gaap capital expenditures include spending associated with facilities accounted for as capital leases , which are expected to be between $ 50 and $ 100 . a majority of the total capital expenditures is expected to be for new plants . it is anticipated that capital expenditures will be funded principally with cash from continuing operations . in addition , we intend to continue to evaluate acquisition opportunities and investments in equity affiliates . financing activities for the year ended 2014 , cash used by financing activities was $ 504.3 primarily attributable to cash used to pay dividends of $ 627.7 , which was partially offset by proceeds from stock option exercises of $ 141.6 . our borrowings ( short- and long-term proceeds , net of repayments ) were a net source of cash ( issuance ) of $ 1.1 and included $ 148.7 of net commercial paper and other short-term debt issuances , debt proceeds from the issuance of a .
Question:
considering the year 2014 , what is the variation between the capital expenditures on a gaap basis and the one on a non-gaap basis?
Important information:
table_4: the capital expenditures on a gaap basis of 2014 is $ 1682.2 ; the capital expenditures on a gaap basis of 2013 is $ 1747.8 ; the capital expenditures on a gaap basis of 2012 is $ 2559.8 ;
table_7: the capital expenditures on a non-gaap basis of 2014 is $ 1885.1 ; the capital expenditures on a non-gaap basis of 2013 is $ 1996.7 ; the capital expenditures on a non-gaap basis of 2012 is $ 2778.3 ;
text_25: capital expenditures on a non-gaap basis in 2014 totaled $ 1885.1 compared to $ 1996.7 in 2013 .
Reasoning Steps:
Step: minus1-1(1885.1, 1682.2) = 202.9
Program:
subtract(1885.1, 1682.2)
Program (Nested):
subtract(1885.1, 1682.2)
| finqa234 |
what is the percentage change in interest income from 2014 to 2015?
Important information:
table_1: as of december 31, the 2015 of increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates is $ -33.7 ( 33.7 ) ; the 2015 of increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates is $ 34.7 ;
table_2: as of december 31, the 2014 of increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates is -35.5 ( 35.5 ) ; the 2014 of increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates is 36.6 ;
text_13: during 2015 and 2014 , we had interest income of $ 22.8 and $ 27.4 , respectively .
Reasoning Steps:
Step: minus1-1(22.8, 27.4) = -4.6
Step: divide1-2(#0, 27.4) = -16.8%
Program:
subtract(22.8, 27.4), divide(#0, 27.4)
Program (Nested):
divide(subtract(22.8, 27.4), 27.4)
| -0.16788 | 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 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 89% ( 89 % ) and 91% ( 91 % ) as of december 31 , 2015 and 2014 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
Table
as of december 31, | increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates | increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates
2015 | $ -33.7 ( 33.7 ) | $ 34.7
2014 | -35.5 ( 35.5 ) | 36.6
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we do not have any interest rate swaps outstanding as of december 31 , 2015 . we had $ 1509.7 of cash , cash equivalents and marketable securities as of december 31 , 2015 that we generally invest in conservative , short-term bank deposits or securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2015 and 2014 , we had interest income of $ 22.8 and $ 27.4 , respectively . based on our 2015 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 15.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2015 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the primary foreign currencies that impacted our results during 2015 included the australian dollar , brazilian real , british pound sterling and euro . based on 2015 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2015 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures . we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .
Question:
what is the percentage change in interest income from 2014 to 2015?
Important information:
table_1: as of december 31, the 2015 of increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates is $ -33.7 ( 33.7 ) ; the 2015 of increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates is $ 34.7 ;
table_2: as of december 31, the 2014 of increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates is -35.5 ( 35.5 ) ; the 2014 of increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates is 36.6 ;
text_13: during 2015 and 2014 , we had interest income of $ 22.8 and $ 27.4 , respectively .
Reasoning Steps:
Step: minus1-1(22.8, 27.4) = -4.6
Step: divide1-2(#0, 27.4) = -16.8%
Program:
subtract(22.8, 27.4), divide(#0, 27.4)
Program (Nested):
divide(subtract(22.8, 27.4), 27.4)
| finqa235 |
what was the average high and low stock price for the second quarter of 2002?
Important information:
table_0: 2002 first quarter the 2002 first quarter of high $ 17.84 is high $ 17.84 ; the 2002 first quarter of low $ 4.11 is low $ 4.11 ; the 2002 first quarter of 2001 first quarter is 2001 first quarter ; the 2002 first quarter of high $ 60.15 is high $ 60.15 ; the 2002 first quarter of low $ 41.30 is low $ 41.30 ;
table_1: 2002 first quarter the second quarter of high $ 17.84 is 9.17 ; the second quarter of low $ 4.11 is 3.55 ; the second quarter of 2001 first quarter is second quarter ; the second quarter of high $ 60.15 is 52.25 ; the second quarter of low $ 41.30 is 39.95 ;
table_2: 2002 first quarter the third quarter of high $ 17.84 is 4.61 ; the third quarter of low $ 4.11 is 1.56 ; the third quarter of 2001 first quarter is third quarter ; the third quarter of high $ 60.15 is 44.50 ; the third quarter of low $ 41.30 is 12.00 ;
Reasoning Steps:
Step: add2-1(9.17, 3.55) = 12.72
Step: divide0-0(#0, const_2) = 6.36
Program:
add(9.17, 3.55), divide(#0, const_2)
Program (Nested):
divide(add(9.17, 3.55), const_2)
| 6.36 | 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 2014market for registrant 2019s common equity and related stockholder matters market information . the common stock of the company is currently traded on the new york stock exchange ( nyse ) under the symbol 2018 2018aes . 2019 2019 the following tables set forth the high and low sale prices for the common stock as reported by the nyse for the periods indicated . price range of common stock .
Table
2002 first quarter | high $ 17.84 | low $ 4.11 | 2001 first quarter | high $ 60.15 | low $ 41.30
second quarter | 9.17 | 3.55 | second quarter | 52.25 | 39.95
third quarter | 4.61 | 1.56 | third quarter | 44.50 | 12.00
fourth quarter | 3.57 | 0.95 | fourth quarter | 17.80 | 11.60
holders . as of march 3 , 2003 , there were 9663 record holders of the company 2019s common stock , par value $ 0.01 per share . dividends . under the terms of the company 2019s senior secured credit facilities entered into with a commercial bank syndicate , the company is not allowed to pay cash dividends . in addition , the company is precluded from paying cash dividends on its common stock under the terms of a guaranty to the utility customer in connection with the aes thames project in the event certain net worth and liquidity tests of the company are not met . the ability of the company 2019s project subsidiaries to declare and pay cash dividends to the company is subject to certain limitations in the project loans , governmental provisions and other agreements entered into by such project subsidiaries . securities authorized for issuance under equity compensation plans . see the information contained under the caption 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on may 1 , 2003 , which information is incorporated herein by reference. .
Question:
what was the average high and low stock price for the second quarter of 2002?
Important information:
table_0: 2002 first quarter the 2002 first quarter of high $ 17.84 is high $ 17.84 ; the 2002 first quarter of low $ 4.11 is low $ 4.11 ; the 2002 first quarter of 2001 first quarter is 2001 first quarter ; the 2002 first quarter of high $ 60.15 is high $ 60.15 ; the 2002 first quarter of low $ 41.30 is low $ 41.30 ;
table_1: 2002 first quarter the second quarter of high $ 17.84 is 9.17 ; the second quarter of low $ 4.11 is 3.55 ; the second quarter of 2001 first quarter is second quarter ; the second quarter of high $ 60.15 is 52.25 ; the second quarter of low $ 41.30 is 39.95 ;
table_2: 2002 first quarter the third quarter of high $ 17.84 is 4.61 ; the third quarter of low $ 4.11 is 1.56 ; the third quarter of 2001 first quarter is third quarter ; the third quarter of high $ 60.15 is 44.50 ; the third quarter of low $ 41.30 is 12.00 ;
Reasoning Steps:
Step: add2-1(9.17, 3.55) = 12.72
Step: divide0-0(#0, const_2) = 6.36
Program:
add(9.17, 3.55), divide(#0, const_2)
Program (Nested):
divide(add(9.17, 3.55), const_2)
| finqa236 |
assuming a 5% ( 5 % ) rate of return , what would the earnings be ( in millions ) on 2008 total adjusted average assets?
Important information:
table_1: december 31 ( in millions ) the total tier 1capital ( a ) of 2008 is $ 136104 ; the total tier 1capital ( a ) of 2007 is $ 88746 ;
table_4: december 31 ( in millions ) the risk-weighted assets of 2008 is $ 1244659 ; the risk-weighted assets of 2007 is $ 1051879 ;
table_5: december 31 ( in millions ) the total adjusted average assets of 2008 is 1966895 ; the total adjusted average assets of 2007 is 1473541 ;
Reasoning Steps:
Step: divide2-1(5, const_100) = .05
Step: multiply2-2(#0, 1966895) = 98345
Program:
divide(5, const_100), multiply(#0, 1966895)
Program (Nested):
multiply(divide(5, const_100), 1966895)
| 98344.75 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
jpmorgan chase & co . / 2008 annual report 83 credit risk capital credit risk capital is estimated separately for the wholesale business- es ( ib , cb , tss and am ) and consumer businesses ( rfs and cs ) . credit risk capital for the overall wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and declines in the portfolio value due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard . unexpected losses are losses in excess of those for which provisions for credit losses are maintained . the capital methodology is based upon several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation . credit risk capital for the consumer portfolio is based upon product and other relevant risk segmentation . actual segment level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard . statistical results for certain segments or portfolios are adjusted to ensure that capital is consistent with external bench- marks , such as subordination levels on market transactions or capital held at representative monoline competitors , where appropriate . market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of portfolios and financial instruments caused by adverse movements in market vari- ables , such as interest and foreign exchange rates , credit spreads , securities prices and commodities prices . daily value-at-risk ( 201cvar 201d ) , biweekly stress-test results and other factors are used to determine appropriate capital levels . the firm allocates market risk capital to each business segment according to a formula that weights that seg- ment 2019s var and stress-test exposures . see market risk management on pages 111 2013116 of this annual report for more information about these market risk measures . operational risk capital capital is allocated to the lines of business for operational risk using a risk-based capital allocation methodology which estimates opera- tional risk on a bottom-up basis . the operational risk capital model is based upon actual losses and potential scenario-based stress losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment or the use of risk-transfer prod- ucts . the firm believes its model is consistent with the new basel ii framework . private equity risk capital capital is allocated to privately and publicly held securities , third-party fund investments and commitments in the private equity portfolio to cover the potential loss associated with a decline in equity markets and related asset devaluations . in addition to negative market fluctua- tions , potential losses in private equity investment portfolios can be magnified by liquidity risk . the capital allocation for the private equity portfolio is based upon measurement of the loss experience suffered by the firm and other market participants over a prolonged period of adverse equity market conditions . regulatory capital the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) establishes capital requirements , including well-capitalized standards for the consolidated financial holding company . the office of the comptroller of the currency ( 201cocc 201d ) establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a . the federal reserve granted the firm , for a period of 18 months fol- lowing the bear stearns merger , relief up to a certain specified amount and subject to certain conditions from the federal reserve 2019s risk-based capital and leverage requirements with respect to bear stearns 2019 risk-weighted assets and other exposures acquired . the amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on october 1 , 2009 . the occ granted jpmorgan chase bank , n.a . similar relief from its risk-based capital and leverage requirements . jpmorgan chase maintained a well-capitalized position , based upon tier 1 and total capital ratios at december 31 , 2008 and 2007 , as indicated in the tables below . for more information , see note 30 on pages 212 2013213 of this annual report . risk-based capital components and assets .
Table
december 31 ( in millions ) | 2008 | 2007
total tier 1capital ( a ) | $ 136104 | $ 88746
total tier 2 capital | 48616 | 43496
total capital | $ 184720 | $ 132242
risk-weighted assets | $ 1244659 | $ 1051879
total adjusted average assets | 1966895 | 1473541
( a ) the fasb has been deliberating certain amendments to both sfas 140 and fin 46r that may impact the accounting for transactions that involve qspes and vies . based on the provisions of the current proposal and the firm 2019s interpretation of the propos- al , the firm estimates that the impact of consolidation could be up to $ 70 billion of credit card receivables , $ 40 billion of assets related to firm-sponsored multi-seller conduits , and $ 50 billion of other loans ( including residential mortgages ) ; the decrease in the tier 1 capital ratio could be approximately 80 basis points . the ulti- mate impact could differ significantly due to the fasb 2019s continuing deliberations on the final requirements of the rule and market conditions. .
Question:
assuming a 5% ( 5 % ) rate of return , what would the earnings be ( in millions ) on 2008 total adjusted average assets?
Important information:
table_1: december 31 ( in millions ) the total tier 1capital ( a ) of 2008 is $ 136104 ; the total tier 1capital ( a ) of 2007 is $ 88746 ;
table_4: december 31 ( in millions ) the risk-weighted assets of 2008 is $ 1244659 ; the risk-weighted assets of 2007 is $ 1051879 ;
table_5: december 31 ( in millions ) the total adjusted average assets of 2008 is 1966895 ; the total adjusted average assets of 2007 is 1473541 ;
Reasoning Steps:
Step: divide2-1(5, const_100) = .05
Step: multiply2-2(#0, 1966895) = 98345
Program:
divide(5, const_100), multiply(#0, 1966895)
Program (Nested):
multiply(divide(5, const_100), 1966895)
| finqa237 |
what was the value of the rsu's granted
Important information:
table_1: restricted stock units the rsus at december 31 2008 of number of rsus is 401375 ; the rsus at december 31 2008 of weighted average grant date fair value is $ 29.03 ;
table_2: restricted stock units the granted of number of rsus is 1583616 ; the granted of weighted average grant date fair value is $ 9.32 ;
table_5: restricted stock units the rsus at december 31 2009 of number of rsus is 1683606 ; the rsus at december 31 2009 of weighted average grant date fair value is $ 12.23 ;
Reasoning Steps:
Step: multiply1-1(1583616, 9.32) = 14759301.12
Program:
multiply(1583616, 9.32)
Program (Nested):
multiply(1583616, 9.32)
| 14759301.12 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
70| | duke realty corporation annual report 2009 the following table summarizes transactions for our rsus , excluding dividend equivalents , for 2009 : weighted average number of grant date restricted stock units rsus fair value .
Table
restricted stock units | number of rsus | weighted average grant date fair value
rsus at december 31 2008 | 401375 | $ 29.03
granted | 1583616 | $ 9.32
vested | -129352 ( 129352 ) | $ 28.39
forfeited | -172033 ( 172033 ) | $ 12.53
rsus at december 31 2009 | 1683606 | $ 12.23
compensation cost recognized for rsus totaled $ 7.3 million , $ 4.9 million and $ 3.0 million for the years ended december 31 , 2009 , 2008 and 2007 , respectively . as of december 31 , 2009 , there was $ 6.7 million of total unrecognized compensation expense related to nonvested rsus granted under the plan , which is expected to be recognized over a weighted average period of 3.3 years . ( 14 ) financial instruments we are exposed to capital market risk , such as changes in interest rates . in an effort to manage interest rate risk , we may enter into interest rate hedging arrangements from time to time . we do not utilize derivative financial instruments for trading or speculative purposes . in november 2007 , we entered into forward starting interest swaps with notional amounts appropriate to hedge interest rates on $ 300.0 million of anticipated debt offerings in 2009 . the forward starting swaps were appropriately designated and tested for effectiveness as cash flow hedges . in march 2008 , we settled the forward starting swaps and made a cash payment of $ 14.6 million to the counterparties . an effectiveness test was performed as of the settlement date and it was concluded that a highly effective cash flow hedge was still in place for the expected debt offering . of the amount paid in settlement , approximately $ 700000 was immediately reclassified to interest expense , as the result of partial ineffectiveness calculated at the settlement date . the net amount of $ 13.9 million was recorded in other comprehensive income ( 201coci 201d ) and is being recognized through interest expense over the life of the hedged debt offering , which took place in may 2008 . the remaining unamortized amount included as a reduction to accumulated oci as of december 31 , 2009 is $ 9.3 million . in august 2005 , we entered into $ 300.0 million of cash flow hedges through forward starting interest rate swaps to hedge interest rates on $ 300.0 million of anticipated debt offerings in 2007 . the swaps qualified for hedge accounting , with any changes in fair value recorded in oci . in conjunction with the september 2007 issuance of $ 300.0 million of senior unsecured notes , we terminated these cash flow hedges as designated . the settlement amount received of $ 10.7 million is being recognized to earnings through a reduction of interest expense over the term of the hedged cash flows . the remaining unamortized amount included as an increase to accumulated oci as of december 31 , 2009 is $ 8.2 million . the ineffective portion of the hedge was insignificant . the effectiveness of our hedges is evaluated throughout their lives using the hypothetical derivative method under which the change in fair value of the actual swap designated as the hedging instrument is compared to the change in fair value of a hypothetical swap . we had no material interest rate derivatives , when considering both fair value and notional amount , at december 31 , 2009. .
Question:
what was the value of the rsu's granted
Important information:
table_1: restricted stock units the rsus at december 31 2008 of number of rsus is 401375 ; the rsus at december 31 2008 of weighted average grant date fair value is $ 29.03 ;
table_2: restricted stock units the granted of number of rsus is 1583616 ; the granted of weighted average grant date fair value is $ 9.32 ;
table_5: restricted stock units the rsus at december 31 2009 of number of rsus is 1683606 ; the rsus at december 31 2009 of weighted average grant date fair value is $ 12.23 ;
Reasoning Steps:
Step: multiply1-1(1583616, 9.32) = 14759301.12
Program:
multiply(1583616, 9.32)
Program (Nested):
multiply(1583616, 9.32)
| finqa238 |
what was the percentage total return for delphi automotive plc for the five years ended december 31 2014?\\n
Important information:
text_0: stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends .
table_1: company index the delphi automotive plc ( 1 ) of november 17 2011 is $ 100.00 ; the delphi automotive plc ( 1 ) of december 31 2011 is $ 100.98 ; the delphi automotive plc ( 1 ) of december 31 2012 is $ 179.33 ; the delphi automotive plc ( 1 ) of december 31 2013 is $ 285.81 ; the delphi automotive plc ( 1 ) of december 31 2014 is $ 350.82 ;
table_2: company index the s&p 500 ( 2 ) of november 17 2011 is 100.00 ; the s&p 500 ( 2 ) of december 31 2011 is 100.80 ; the s&p 500 ( 2 ) of december 31 2012 is 116.93 ; the s&p 500 ( 2 ) of december 31 2013 is 154.80 ; the s&p 500 ( 2 ) of december 31 2014 is 175.99 ;
Reasoning Steps:
Step: minus2-1(350.82, const_100) = 250.82
Step: divide2-2(#0, const_100) = 250.82%
Program:
subtract(350.82, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(350.82, const_100), const_100)
| 2.5082 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends . fiscal year ending december 31 , 2014 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc . company index november 17 , december 31 , december 31 , december 31 , december 31 .
Table
company index | november 17 2011 | december 31 2011 | december 31 2012 | december 31 2013 | december 31 2014
delphi automotive plc ( 1 ) | $ 100.00 | $ 100.98 | $ 179.33 | $ 285.81 | $ 350.82
s&p 500 ( 2 ) | 100.00 | 100.80 | 116.93 | 154.80 | 175.99
automotive supplier peer group ( 3 ) | 100.00 | 89.27 | 110.41 | 166.46 | 178.05
dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares . the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 . in january 2014 , the board of directors increased the quarterly dividend rate to $ 0.25 per ordinary share , which was paid in each quarter of 2014 . in addition , in january 2015 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2015 to shareholders of record at the close of business on february 18 , 2015. .
Question:
what was the percentage total return for delphi automotive plc for the five years ended december 31 2014?\\n
Important information:
text_0: stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends .
table_1: company index the delphi automotive plc ( 1 ) of november 17 2011 is $ 100.00 ; the delphi automotive plc ( 1 ) of december 31 2011 is $ 100.98 ; the delphi automotive plc ( 1 ) of december 31 2012 is $ 179.33 ; the delphi automotive plc ( 1 ) of december 31 2013 is $ 285.81 ; the delphi automotive plc ( 1 ) of december 31 2014 is $ 350.82 ;
table_2: company index the s&p 500 ( 2 ) of november 17 2011 is 100.00 ; the s&p 500 ( 2 ) of december 31 2011 is 100.80 ; the s&p 500 ( 2 ) of december 31 2012 is 116.93 ; the s&p 500 ( 2 ) of december 31 2013 is 154.80 ; the s&p 500 ( 2 ) of december 31 2014 is 175.99 ;
Reasoning Steps:
Step: minus2-1(350.82, const_100) = 250.82
Step: divide2-2(#0, const_100) = 250.82%
Program:
subtract(350.82, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(350.82, const_100), const_100)
| finqa239 |
what was the percentage change in net income ( loss ) on a pro forma basis between 2006 and 2007?
Important information:
table_2: the net income ( loss ) of year ended december 30 2007 is $ 17388 ; the net income ( loss ) of year ended december 31 2006 is $ -38957 ( 38957 ) ;
table_3: the net income ( loss ) per share basic of year ended december 30 2007 is $ 0.32 ; the net income ( loss ) per share basic of year ended december 31 2006 is $ -0.68 ( 0.68 ) ;
table_4: the net income ( loss ) per share diluted of year ended december 30 2007 is $ 0.29 ; the net income ( loss ) per share diluted of year ended december 31 2006 is $ -0.68 ( 0.68 ) ;
Reasoning Steps:
Step: minus2-1(17388, -38957) = 56345
Step: divide2-2(#0, 38957) = 145%
Program:
subtract(17388, -38957), divide(#0, 38957)
Program (Nested):
divide(subtract(17388, -38957), 38957)
| 1.44634 | 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:
what was the percentage change in net income ( loss ) on a pro forma basis between 2006 and 2007?
Important information:
table_2: the net income ( loss ) of year ended december 30 2007 is $ 17388 ; the net income ( loss ) of year ended december 31 2006 is $ -38957 ( 38957 ) ;
table_3: the net income ( loss ) per share basic of year ended december 30 2007 is $ 0.32 ; the net income ( loss ) per share basic of year ended december 31 2006 is $ -0.68 ( 0.68 ) ;
table_4: the net income ( loss ) per share diluted of year ended december 30 2007 is $ 0.29 ; the net income ( loss ) per share diluted of year ended december 31 2006 is $ -0.68 ( 0.68 ) ;
Reasoning Steps:
Step: minus2-1(17388, -38957) = 56345
Step: divide2-2(#0, 38957) = 145%
Program:
subtract(17388, -38957), divide(#0, 38957)
Program (Nested):
divide(subtract(17388, -38957), 38957)
| finqa240 |
what percent did the balance increase between the beginning of 2010 and the end of 2012?
Important information:
text_12: the following tabular reconciliation presents the total amounts of gross unrecognized tax benefits : year ended december 31 , ( dollar amounts in millions ) 2012 2011 2010 .
table_1: ( dollar amounts in millions ) the balance at january 1 of year ended december 31 , 2012 is $ 349 ; the balance at january 1 of year ended december 31 , 2011 is $ 307 ; the balance at january 1 of year ended december 31 , 2010 is $ 285 ;
table_8: ( dollar amounts in millions ) the balance at december 31 of year ended december 31 , 2012 is $ 404 ; the balance at december 31 of year ended december 31 , 2011 is $ 349 ; the balance at december 31 of year ended december 31 , 2010 is $ 307 ;
Reasoning Steps:
Step: divide1-1(404, 285) = 1.4175
Step: minus1-2(#0, 1) = .4175
Program:
divide(404, 285), subtract(#0, 1)
Program (Nested):
subtract(divide(404, 285), 1)
| 0.41754 | 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:
19 . income taxes ( continued ) capital loss carryforwards of $ 69 million and $ 90 million , which were acquired in the bgi transaction and will expire on or before 2013 . at december 31 , 2012 and 2011 , the company had $ 95 million and $ 95 million of valuation allowances for deferred income tax assets , respectively , recorded on the consolidated statements of financial condition . the year- over-year increase in the valuation allowance primarily related to certain foreign deferred income tax assets . goodwill recorded in connection with the quellos transaction has been reduced during the period by the amount of tax benefit realized from tax-deductible goodwill . see note 9 , goodwill , for further discussion . current income taxes are recorded net in the consolidated statements of financial condition when related to the same tax jurisdiction . as of december 31 , 2012 , the company had current income taxes receivable and payable of $ 102 million and $ 121 million , respectively , recorded in other assets and accounts payable and accrued liabilities , respectively . as of december 31 , 2011 , the company had current income taxes receivable and payable of $ 108 million and $ 102 million , respectively , recorded in other assets and accounts payable and accrued liabilities , respectively . the company does not provide deferred taxes on the excess of the financial reporting over tax basis on its investments in foreign subsidiaries that are essentially permanent in duration . the excess totaled $ 2125 million and $ 1516 million as of december 31 , 2012 and 2011 , respectively . the determination of the additional deferred income taxes on the excess has not been provided because it is not practicable due to the complexities associated with its hypothetical calculation . the following tabular reconciliation presents the total amounts of gross unrecognized tax benefits : year ended december 31 , ( dollar amounts in millions ) 2012 2011 2010 .
Table
( dollar amounts in millions ) | year ended december 31 , 2012 | year ended december 31 , 2011 | year ended december 31 , 2010
balance at january 1 | $ 349 | $ 307 | $ 285
additions for tax positions of prior years | 4 | 22 | 10
reductions for tax positions of prior years | -1 ( 1 ) | -1 ( 1 ) | -17 ( 17 )
additions based on tax positions related to current year | 69 | 46 | 35
lapse of statute of limitations | 2014 | 2014 | -8 ( 8 )
settlements | -29 ( 29 ) | -25 ( 25 ) | -2 ( 2 )
positions assumed in acquisitions | 12 | 2014 | 4
balance at december 31 | $ 404 | $ 349 | $ 307
included in the balance of unrecognized tax benefits at december 31 , 2012 , 2011 and 2010 , respectively , are $ 250 million , $ 226 million and $ 194 million of tax benefits that , if recognized , would affect the effective tax rate . the company recognizes interest and penalties related to income tax matters as a component of income tax expense . related to the unrecognized tax benefits noted above , the company accrued interest and penalties of $ 3 million during 2012 and in total , as of december 31 , 2012 , had recognized a liability for interest and penalties of $ 69 million . the company accrued interest and penalties of $ 10 million during 2011 and in total , as of december 31 , 2011 , had recognized a liability for interest and penalties of $ 66 million . the company accrued interest and penalties of $ 8 million during 2010 and in total , as of december 31 , 2010 , had recognized a liability for interest and penalties of $ 56 million . pursuant to the amended and restated stock purchase agreement , the company has been indemnified by barclays for $ 73 million and guggenheim for $ 6 million of unrecognized tax benefits . blackrock is subject to u.s . federal income tax , state and local income tax , and foreign income tax in multiple jurisdictions . tax years after 2007 remain open to u.s . federal income tax examination , tax years after 2005 remain open to state and local income tax examination , and tax years after 2006 remain open to income tax examination in the united kingdom . with few exceptions , as of december 31 , 2012 , the company is no longer subject to u.s . federal , state , local or foreign examinations by tax authorities for years before 2006 . the internal revenue service ( 201cirs 201d ) completed its examination of blackrock 2019s 2006 and 2007 tax years in march 2011 . in november 2011 , the irs commenced its examination of blackrock 2019s 2008 and 2009 tax years , and while the impact on the consolidated financial statements is undetermined , it is not expected to be material . in july 2011 , the irs commenced its federal income tax audit of the bgi group , which blackrock acquired in december 2009 . the tax years under examination are 2007 through december 1 , 2009 , and while the impact on the consolidated financial statements is undetermined , it is not expected to be material . the company is currently under audit in several state and local jurisdictions . the significant state and local income tax examinations are in california for tax years 2004 through 2006 , new york city for tax years 2007 through 2008 , and new jersey for tax years 2003 through 2009 . no state and local income tax audits cover years earlier than 2007 except for california , new jersey and new york city . no state and local income tax audits are expected to result in an assessment material to the consolidated financial statements. .
Question:
what percent did the balance increase between the beginning of 2010 and the end of 2012?
Important information:
text_12: the following tabular reconciliation presents the total amounts of gross unrecognized tax benefits : year ended december 31 , ( dollar amounts in millions ) 2012 2011 2010 .
table_1: ( dollar amounts in millions ) the balance at january 1 of year ended december 31 , 2012 is $ 349 ; the balance at january 1 of year ended december 31 , 2011 is $ 307 ; the balance at january 1 of year ended december 31 , 2010 is $ 285 ;
table_8: ( dollar amounts in millions ) the balance at december 31 of year ended december 31 , 2012 is $ 404 ; the balance at december 31 of year ended december 31 , 2011 is $ 349 ; the balance at december 31 of year ended december 31 , 2010 is $ 307 ;
Reasoning Steps:
Step: divide1-1(404, 285) = 1.4175
Step: minus1-2(#0, 1) = .4175
Program:
divide(404, 285), subtract(#0, 1)
Program (Nested):
subtract(divide(404, 285), 1)
| finqa241 |
what percentage of the total purchase price net of cash acquired is ipr&d ?
Important information:
table_3: current assets the ipr&d of $ 3.6 is 53.1 ;
table_7: current assets the total purchase price of $ 3.6 is 185.7 ;
table_9: current assets the total purchase price net of cash acquired of $ 3.6 is $ 182.2 ;
Reasoning Steps:
Step: divide2-1(53.1, 182.2) = 29%
Program:
divide(53.1, 182.2)
Program (Nested):
divide(53.1, 182.2)
| 0.29144 | 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 ) 12 months after the acquisition date will be disbursed to harpoon medical , inc . 2019s former shareholders . acquisition-related costs of $ 0.4 million were recorded in 201cselling , general , and administrative expenses 201d during the year ended december 31 , 2017 . harpoon medical , inc . is a medical technology company pioneering beating-heart repair for degenerative mitral regurgitation . the company plans to add this technology to its portfolio of mitral and tricuspid repair products . the acquisition was accounted for as a business combination . tangible and intangible assets acquired were recorded based on their estimated fair values at the acquisition date . the excess of the purchase price over the fair value of net assets acquired was recorded to goodwill . the following table summarizes the fair values of the assets acquired and liabilities assumed ( in millions ) : .
Table
current assets | $ 3.6
property and equipment net | 0.3
goodwill | 142.1
ipr&d | 53.1
other assets | 0.1
current liabilities assumed | -0.8 ( 0.8 )
deferred income taxes | -12.7 ( 12.7 )
total purchase price | 185.7
less : cash acquired | -3.5 ( 3.5 )
total purchase price net of cash acquired | $ 182.2
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 rates used to determine the fair value of the ipr&d ranged from 18.0% ( 18.0 % ) to 19.0% ( 19.0 % ) . 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 $ 41.4 million of additional research and development expenditures would be incurred prior to the date of product introduction . in the valuation , net cash inflows were modeled to commence in europe in 2018 , and in the united states and japan in 2022 . upon completion of development , the underlying research and development asset will be amortized over its estimated useful life . the results of operations for harpoon medical , inc . 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 harpoon medical , inc . are not material in relation to the consolidated financial statements of the company . valtech cardio ltd . on november 26 , 2016 , the company entered into an agreement and plan of merger to acquire valtech cardio ltd . ( 201cvaltech 201d ) for approximately $ 340.0 million , subject to certain adjustments , with the potential for up to an additional $ 350.0 million in pre-specified milestone-driven payments over the next 10 years . the .
Question:
what percentage of the total purchase price net of cash acquired is ipr&d ?
Important information:
table_3: current assets the ipr&d of $ 3.6 is 53.1 ;
table_7: current assets the total purchase price of $ 3.6 is 185.7 ;
table_9: current assets the total purchase price net of cash acquired of $ 3.6 is $ 182.2 ;
Reasoning Steps:
Step: divide2-1(53.1, 182.2) = 29%
Program:
divide(53.1, 182.2)
Program (Nested):
divide(53.1, 182.2)
| finqa242 |
tier 2 capital is what percent of total capital for 2008?
Important information:
table_1: december 31 ( in millions ) the total tier 1capital ( a ) of 2008 is $ 136104 ; the total tier 1capital ( a ) of 2007 is $ 88746 ;
table_2: december 31 ( in millions ) the total tier 2 capital of 2008 is 48616 ; the total tier 2 capital of 2007 is 43496 ;
table_3: december 31 ( in millions ) the total capital of 2008 is $ 184720 ; the total capital of 2007 is $ 132242 ;
Reasoning Steps:
Step: divide1-1(48616, 184720) = 26.3%
Program:
divide(48616, 184720)
Program (Nested):
divide(48616, 184720)
| 0.26319 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
jpmorgan chase & co . / 2008 annual report 83 credit risk capital credit risk capital is estimated separately for the wholesale business- es ( ib , cb , tss and am ) and consumer businesses ( rfs and cs ) . credit risk capital for the overall wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and declines in the portfolio value due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard . unexpected losses are losses in excess of those for which provisions for credit losses are maintained . the capital methodology is based upon several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation . credit risk capital for the consumer portfolio is based upon product and other relevant risk segmentation . actual segment level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard . statistical results for certain segments or portfolios are adjusted to ensure that capital is consistent with external bench- marks , such as subordination levels on market transactions or capital held at representative monoline competitors , where appropriate . market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of portfolios and financial instruments caused by adverse movements in market vari- ables , such as interest and foreign exchange rates , credit spreads , securities prices and commodities prices . daily value-at-risk ( 201cvar 201d ) , biweekly stress-test results and other factors are used to determine appropriate capital levels . the firm allocates market risk capital to each business segment according to a formula that weights that seg- ment 2019s var and stress-test exposures . see market risk management on pages 111 2013116 of this annual report for more information about these market risk measures . operational risk capital capital is allocated to the lines of business for operational risk using a risk-based capital allocation methodology which estimates opera- tional risk on a bottom-up basis . the operational risk capital model is based upon actual losses and potential scenario-based stress losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment or the use of risk-transfer prod- ucts . the firm believes its model is consistent with the new basel ii framework . private equity risk capital capital is allocated to privately and publicly held securities , third-party fund investments and commitments in the private equity portfolio to cover the potential loss associated with a decline in equity markets and related asset devaluations . in addition to negative market fluctua- tions , potential losses in private equity investment portfolios can be magnified by liquidity risk . the capital allocation for the private equity portfolio is based upon measurement of the loss experience suffered by the firm and other market participants over a prolonged period of adverse equity market conditions . regulatory capital the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) establishes capital requirements , including well-capitalized standards for the consolidated financial holding company . the office of the comptroller of the currency ( 201cocc 201d ) establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a . the federal reserve granted the firm , for a period of 18 months fol- lowing the bear stearns merger , relief up to a certain specified amount and subject to certain conditions from the federal reserve 2019s risk-based capital and leverage requirements with respect to bear stearns 2019 risk-weighted assets and other exposures acquired . the amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on october 1 , 2009 . the occ granted jpmorgan chase bank , n.a . similar relief from its risk-based capital and leverage requirements . jpmorgan chase maintained a well-capitalized position , based upon tier 1 and total capital ratios at december 31 , 2008 and 2007 , as indicated in the tables below . for more information , see note 30 on pages 212 2013213 of this annual report . risk-based capital components and assets .
Table
december 31 ( in millions ) | 2008 | 2007
total tier 1capital ( a ) | $ 136104 | $ 88746
total tier 2 capital | 48616 | 43496
total capital | $ 184720 | $ 132242
risk-weighted assets | $ 1244659 | $ 1051879
total adjusted average assets | 1966895 | 1473541
( a ) the fasb has been deliberating certain amendments to both sfas 140 and fin 46r that may impact the accounting for transactions that involve qspes and vies . based on the provisions of the current proposal and the firm 2019s interpretation of the propos- al , the firm estimates that the impact of consolidation could be up to $ 70 billion of credit card receivables , $ 40 billion of assets related to firm-sponsored multi-seller conduits , and $ 50 billion of other loans ( including residential mortgages ) ; the decrease in the tier 1 capital ratio could be approximately 80 basis points . the ulti- mate impact could differ significantly due to the fasb 2019s continuing deliberations on the final requirements of the rule and market conditions. .
Question:
tier 2 capital is what percent of total capital for 2008?
Important information:
table_1: december 31 ( in millions ) the total tier 1capital ( a ) of 2008 is $ 136104 ; the total tier 1capital ( a ) of 2007 is $ 88746 ;
table_2: december 31 ( in millions ) the total tier 2 capital of 2008 is 48616 ; the total tier 2 capital of 2007 is 43496 ;
table_3: december 31 ( in millions ) the total capital of 2008 is $ 184720 ; the total capital of 2007 is $ 132242 ;
Reasoning Steps:
Step: divide1-1(48616, 184720) = 26.3%
Program:
divide(48616, 184720)
Program (Nested):
divide(48616, 184720)
| finqa243 |
considering the fair market value of plan assets in 2018 , what is its estimated return for 10 years?
Important information:
text_21: the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2018 measurement date decreased to $ 4273.1 from $ 4409.2 at the end of fiscal year 2017 .
text_25: pension expense .
table_5: the weighted average expected rate of return on plan assets of 2018 is 6.9% ( 6.9 % ) ; the weighted average expected rate of return on plan assets of 2017 is 7.4% ( 7.4 % ) ; the weighted average expected rate of return on plan assets of 2016 is 7.5% ( 7.5 % ) ;
Reasoning Steps:
Step: divide1-1(6.9%, const_100) = 0.069
Step: add1-2(const_1, #0) = 1.069
Step: exp1-3(#1, 10) = 1.9488
Step: multiply1-4(4273.1, #2) = 8327.41
Program:
divide(6.9%, const_100), add(const_1, #0), exp(#1, 10), multiply(4273.1, #2)
Program (Nested):
multiply(4273.1, exp(add(const_1, divide(6.9%, const_100)), 10))
| 4302.67611 | 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:
income tax liabilities tax liabilities related to unrecognized tax benefits as of 30 september 2018 were $ 233.6 . these tax liabilities were excluded from the contractual obligations table as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws , tax rates , and our operating results . in addition , there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities . however , the contractual obligations table above includes our accrued liability of approximately $ 184 for deemed repatriation tax that is payable over eight years related to the tax act . refer to note 22 , income taxes , to the consolidated financial statements for additional information . obligation for future contribution to an equity affiliate on 19 april 2015 , a joint venture between air products and acwa holding entered into a 20-year oxygen and nitrogen supply agreement to supply saudi aramco 2019s oil refinery and power plant being built in jazan , saudi arabia . air products owns 25% ( 25 % ) of the joint venture and guarantees the repayment of its share of an equity bridge loan . in total , we expect to invest approximately $ 100 in this joint venture . as of 30 september 2018 , we recorded a noncurrent liability of $ 94.4 for our obligation to make future equity contributions in 2020 based on our proportionate share of the advances received by the joint venture under the loan . expected investment in joint venture on 12 august 2018 , air products entered an agreement to form a gasification/power joint venture ( "jv" ) with saudi aramco and acwa in jazan , saudi arabia . air products will own at least 55% ( 55 % ) of the jv , with saudi aramco and acwa power owning the balance . the jv will purchase the gasification assets , power block , and the associated utilities from saudi aramco for approximately $ 8 billion . our expected investment has been excluded from the contractual obligations table above pending closing , which is currently expected in fiscal year 2020 . the jv will own and operate the facility under a 25-year contract for a fixed monthly fee . saudi aramco will supply feedstock to the jv , and the jv will produce power , hydrogen and other utilities for saudi aramco . pension benefits the company and certain of its subsidiaries sponsor defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees . the principal defined benefit pension plans are the u.s . salaried pension plan and the u.k . pension plan . these plans were closed to new participants in 2005 , after which defined contribution plans were offered to new employees . the shift to defined contribution plans is expected to continue to reduce volatility of both plan expense and contributions . the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2018 measurement date decreased to $ 4273.1 from $ 4409.2 at the end of fiscal year 2017 . the projected benefit obligation for these plans was $ 4583.3 and $ 5107.2 at the end of fiscal years 2018 and 2017 , respectively . the net unfunded liability decreased $ 387.8 from $ 698.0 to $ 310.2 , primarily due to higher discount rates and favorable asset experience . refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits . pension expense .
Table
| 2018 | 2017 | 2016
pension expense 2013 continuing operations | $ 91.8 | $ 72.0 | $ 55.8
settlements termination benefits and curtailments ( included above ) | 48.9 | 15.0 | 6.0
weighted average discount rate 2013 service cost | 3.2% ( 3.2 % ) | 2.9% ( 2.9 % ) | 4.1% ( 4.1 % )
weighted average discount rate 2013 interest cost | 2.9% ( 2.9 % ) | 2.5% ( 2.5 % ) | 3.4% ( 3.4 % )
weighted average expected rate of return on plan assets | 6.9% ( 6.9 % ) | 7.4% ( 7.4 % ) | 7.5% ( 7.5 % )
weighted average expected rate of compensation increase | 3.5% ( 3.5 % ) | 3.5% ( 3.5 % ) | 3.5% ( 3.5 % )
.
Question:
considering the fair market value of plan assets in 2018 , what is its estimated return for 10 years?
Important information:
text_21: the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2018 measurement date decreased to $ 4273.1 from $ 4409.2 at the end of fiscal year 2017 .
text_25: pension expense .
table_5: the weighted average expected rate of return on plan assets of 2018 is 6.9% ( 6.9 % ) ; the weighted average expected rate of return on plan assets of 2017 is 7.4% ( 7.4 % ) ; the weighted average expected rate of return on plan assets of 2016 is 7.5% ( 7.5 % ) ;
Reasoning Steps:
Step: divide1-1(6.9%, const_100) = 0.069
Step: add1-2(const_1, #0) = 1.069
Step: exp1-3(#1, 10) = 1.9488
Step: multiply1-4(4273.1, #2) = 8327.41
Program:
divide(6.9%, const_100), add(const_1, #0), exp(#1, 10), multiply(4273.1, #2)
Program (Nested):
multiply(4273.1, exp(add(const_1, divide(6.9%, const_100)), 10))
| finqa244 |
in 2002 what was the ratio of the net mw in operation to the generation in gwh for the year
Important information:
table_1: the net mw in operation at december 31 of 2002 is 3955 ; the net mw in operation at december 31 of 2001 is 3445 ; the net mw in operation at december 31 of 2000 is 2475 ;
table_2: the generation in gwh for the year of 2002 is 29953 ; the generation in gwh for the year of 2001 is 22614 ; the generation in gwh for the year of 2000 is 7171 ;
table_3: the capacity factor for the year of 2002 is 93% ( 93 % ) ; the capacity factor for the year of 2001 is 93% ( 93 % ) ; the capacity factor for the year of 2000 is 94% ( 94 % ) ;
Reasoning Steps:
Step: divide2-1(3955, 29953) = 13.2%
Program:
divide(3955, 29953)
Program (Nested):
divide(3955, 29953)
| 0.13204 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to : fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding ; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates ; and fffd lower interest earned on declining deferred fuel balances . the decrease in interest charges in 2002 is primarily due to : fffd a decrease of $ 31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002 ; and fffd a decrease of $ 76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001 . the refund was made in december 2001 . 2001 compared to 2000 results for the year ended december 31 , 2001 for u.s . utility were also affected by an increase in interest charges of $ 61.5 million primarily due to : fffd the final ferc order addressing the 1995 system energy rate filing ; fffd debt issued at entergy arkansas in july 2001 , at entergy gulf states in june 2000 and august 2001 , at entergy mississippi in january 2001 , and at entergy new orleans in july 2000 and february 2001 ; and fffd borrowings under credit facilities during 2001 , primarily at entergy arkansas . non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $ 128 million to $ 201 million was primarily due to the operation of indian point 2 and vermont yankee , which were purchased in september 2001 and july 2002 , respectively . the increase in earnings in 2001 for non-utility nuclear from $ 49 million to $ 128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year , as each was purchased in november 2000 , and the operation of indian point 2 , which was purchased in september 2001 . following are key performance measures for non-utility nuclear: .
Table
| 2002 | 2001 | 2000
net mw in operation at december 31 | 3955 | 3445 | 2475
generation in gwh for the year | 29953 | 22614 | 7171
capacity factor for the year | 93% ( 93 % ) | 93% ( 93 % ) | 94% ( 94 % )
2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee ( except as otherwise noted ) : fffd operating revenues increased $ 411.0 million to $ 1.2 billion ; fffd other operation and maintenance expenses increased $ 201.8 million to $ 596.3 million ; fffd depreciation and amortization expenses increased $ 25.1 million to $ 42.8 million ; fffd fuel expenses increased $ 29.4 million to $ 105.2 million ; fffd nuclear refueling outage expenses increased $ 23.9 million to $ 46.8 million , which was due primarily to a .
Question:
in 2002 what was the ratio of the net mw in operation to the generation in gwh for the year
Important information:
table_1: the net mw in operation at december 31 of 2002 is 3955 ; the net mw in operation at december 31 of 2001 is 3445 ; the net mw in operation at december 31 of 2000 is 2475 ;
table_2: the generation in gwh for the year of 2002 is 29953 ; the generation in gwh for the year of 2001 is 22614 ; the generation in gwh for the year of 2000 is 7171 ;
table_3: the capacity factor for the year of 2002 is 93% ( 93 % ) ; the capacity factor for the year of 2001 is 93% ( 93 % ) ; the capacity factor for the year of 2000 is 94% ( 94 % ) ;
Reasoning Steps:
Step: divide2-1(3955, 29953) = 13.2%
Program:
divide(3955, 29953)
Program (Nested):
divide(3955, 29953)
| finqa245 |
for 2013 , what was the total in millions of the combined interest only product and principal and interest product?
Important information:
table_1: in millions the 2012 of interest only product is $ 904 ; the 2012 of principal and interest product is $ 266 ;
table_2: in millions the 2013 of interest only product is 1211 ; the 2013 of principal and interest product is 331 ;
table_6: in millions the total ( a ) of interest only product is $ 13107 ; the total ( a ) of principal and interest product is $ 7616 ;
Reasoning Steps:
Step: add2-1(1211, 331) = 1542
Program:
add(1211, 331)
Program (Nested):
add(1211, 331)
| 1542.0 | 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:
generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20 year amortization term . during the draw period , we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest . based upon outstanding balances at december 31 , 2011 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . home equity lines of credit - draw period end dates in millions interest only product principal and interest product .
Table
in millions | interest only product | principal and interest product
2012 | $ 904 | $ 266
2013 | 1211 | 331
2014 | 2043 | 598
2015 | 1988 | 820
2016 and thereafter | 6961 | 5601
total ( a ) | $ 13107 | $ 7616
( a ) includes approximately $ 306 million , $ 44 million , $ 60 million , $ 100 million , and $ 246 million of home equity lines of credit with balloon payments with draw periods scheduled to end in 2012 , 2013 , 2014 , 2015 , and 2016 and thereafter , respectively . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . based upon outstanding balances , and excluding purchased impaired loans , at december 31 , 2011 , for home equity lines of credit for which the borrower can no longer draw ( e.g. , draw period has ended or borrowing privileges have been terminated ) , approximately 4.32% ( 4.32 % ) were 30-89 days past due and approximately 5.57% ( 5.57 % ) were greater than or equal to 90 days past due . generally , when a borrower becomes 60 days past due , we terminate borrowing privileges , and those privileges are not subsequently reinstated . at that point , we continue our collection/recovery processes , which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr . see note 5 asset quality and allowances for loan and lease losses and unfunded loan commitments and letters of credit in the notes to consolidated financial statements in item 8 of this report for additional information . loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure , where appropriate . initially , a borrower is evaluated for a modification under a government program . if a borrower does not qualify under a government program , the borrower is then evaluated under a pnc program . our programs utilize both temporary and permanent modifications and typically reduce the interest rate , extend the term and/or defer principal . temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs . further , certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs . additional detail on tdrs is discussed below as well as in note 5 asset quality and allowances for loan and lease losses and unfunded loan commitments and letters of credit in the notes to consolidated financial statements in item 8 of this report . a temporary modification , with a term between three and 60 months , involves a change in original loan terms for a period of time and reverts to the original loan terms as of a specific date or the occurrence of an event , such as a failure to pay in accordance with the terms of the modification . typically , these modifications are for a period of up to 24 months after which the interest rate reverts to the original loan rate . a permanent modification , with a term greater than 60 months , is a modification in which the terms of the original loan are changed . permanent modifications primarily include the government-created home affordable modification program ( hamp ) or pnc-developed hamp-like modification programs . for consumer loan programs , such as residential mortgages and home equity loans and lines , we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance . examples of this situation often include delinquency due to illness or death in the family , or a loss of employment . permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount , but our expectation is that payments at lower amounts can be made . residential mortgage and home equity loans and lines have been modified with changes in terms for up to 60 months , although the majority involve periods of three to 24 months . we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses . the following tables provide the number of accounts and unpaid principal balance of modified consumer real estate related loans as well as the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months , nine months and twelve months after the modification date . 78 the pnc financial services group , inc . 2013 form 10-k .
Question:
for 2013 , what was the total in millions of the combined interest only product and principal and interest product?
Important information:
table_1: in millions the 2012 of interest only product is $ 904 ; the 2012 of principal and interest product is $ 266 ;
table_2: in millions the 2013 of interest only product is 1211 ; the 2013 of principal and interest product is 331 ;
table_6: in millions the total ( a ) of interest only product is $ 13107 ; the total ( a ) of principal and interest product is $ 7616 ;
Reasoning Steps:
Step: add2-1(1211, 331) = 1542
Program:
add(1211, 331)
Program (Nested):
add(1211, 331)
| finqa246 |
in 2011 , did the company distribute more to shareholders than debtholders?
Important information:
table_1: millions the accounts payable of dec . 31 2011 is $ 819 ; the accounts payable of dec . 31 2010 is $ 677 ;
table_4: millions the dividends payable of dec . 31 2011 is 284 ; the dividends payable of dec . 31 2010 is 183 ;
table_9: millions the total accounts payable and othercurrent liabilities of dec . 31 2011 is $ 3108 ; the total accounts payable and othercurrent liabilities of dec . 31 2010 is $ 2713 ;
Reasoning Steps:
Step: compare_larger2-1(284, 197) = yes
Program:
greater(284, 197)
Program (Nested):
greater(284, 197)
| yes | 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:
are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.2 billion for 2011 , $ 2.0 billion for 2010 , and $ 1.9 billion for 2009 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2011 2010 .
Table
millions | dec . 31 2011 | dec . 31 2010
accounts payable | $ 819 | $ 677
income and other taxes | 482 | 337
accrued wages and vacation | 363 | 357
dividends payable | 284 | 183
accrued casualty costs | 249 | 325
interest payable | 197 | 200
equipment rents payable | 90 | 86
other | 624 | 548
total accounts payable and othercurrent liabilities | $ 3108 | $ 2713
13 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2011 and 2010 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities . determination of fair value 2013 we determine the fair values of our derivative financial instrument positions based upon current fair values as quoted by recognized dealers or the present value of expected future cash flows . interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period . we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings . we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix . in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities . swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates . we account for swaps as fair value .
Question:
in 2011 , did the company distribute more to shareholders than debtholders?
Important information:
table_1: millions the accounts payable of dec . 31 2011 is $ 819 ; the accounts payable of dec . 31 2010 is $ 677 ;
table_4: millions the dividends payable of dec . 31 2011 is 284 ; the dividends payable of dec . 31 2010 is 183 ;
table_9: millions the total accounts payable and othercurrent liabilities of dec . 31 2011 is $ 3108 ; the total accounts payable and othercurrent liabilities of dec . 31 2010 is $ 2713 ;
Reasoning Steps:
Step: compare_larger2-1(284, 197) = yes
Program:
greater(284, 197)
Program (Nested):
greater(284, 197)
| finqa247 |
what is the ratio of the deffered tax assets for the state income tax credit carry-forwards to the net operating loss carry-forward
Important information:
text_1: a deferred tax asset of approximately $ 16 million ( net of federal benefit ) has been established related to these state income tax credit carry-forwards , with a valuation allowance of $ 7 million against such deferred tax asset as of december 31 , 2017 .
text_2: the company had a gross state net operating loss carry-forward of $ 39 million , which expires in 2027 .
text_3: a deferred tax asset of approximately $ 3 million ( net of federal benefit ) has been established for the net operating loss carry-forward , with a full valuation allowance as of december 31 , 2017 .
Key Information: as of december 31 , 2017 , the company had gross state income tax credit carry-forwards of approximately $ 20 million , which expire from 2018 through 2020 .
Reasoning Steps:
Step: divide2-1(16, const_3) = 5.3
Program:
divide(16, const_3)
Program (Nested):
divide(16, const_3)
| 5.33333 | 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:
as of december 31 , 2017 , the company had gross state income tax credit carry-forwards of approximately $ 20 million , which expire from 2018 through 2020 . a deferred tax asset of approximately $ 16 million ( net of federal benefit ) has been established related to these state income tax credit carry-forwards , with a valuation allowance of $ 7 million against such deferred tax asset as of december 31 , 2017 . the company had a gross state net operating loss carry-forward of $ 39 million , which expires in 2027 . a deferred tax asset of approximately $ 3 million ( net of federal benefit ) has been established for the net operating loss carry-forward , with a full valuation allowance as of december 31 , 2017 . other state and foreign net operating loss carry-forwards are separately and cumulatively immaterial to the company 2019s deferred tax balances and expire between 2026 and 2036 . 14 . debt long-term debt consisted of the following: .
Table
( $ in millions ) | december 31 2017 | december 31 2016
senior notes due december 15 2021 5.000% ( 5.000 % ) | 2014 | 600
senior notes due november 15 2025 5.000% ( 5.000 % ) | 600 | 600
senior notes due december 1 2027 3.483% ( 3.483 % ) | 600 | 2014
mississippi economic development revenue bonds due may 1 2024 7.81% ( 7.81 % ) | 84 | 84
gulf opportunity zone industrial development revenue bonds due december 1 2028 4.55% ( 4.55 % ) | 21 | 21
less unamortized debt issuance costs | -26 ( 26 ) | -27 ( 27 )
total long-term debt | 1279 | 1278
credit facility - in november 2017 , the company terminated its second amended and restated credit agreement and entered into a new credit agreement ( the "credit facility" ) with third-party lenders . the credit facility includes a revolving credit facility of $ 1250 million , which may be drawn upon during a period of five years from november 22 , 2017 . the revolving credit facility includes a letter of credit subfacility of $ 500 million . the revolving credit facility has a variable interest rate on outstanding borrowings based on the london interbank offered rate ( "libor" ) plus a spread based upon the company's credit rating , which may vary between 1.125% ( 1.125 % ) and 1.500% ( 1.500 % ) . the revolving credit facility also has a commitment fee rate on the unutilized balance based on the company 2019s leverage ratio . the commitment fee rate as of december 31 , 2017 was 0.25% ( 0.25 % ) and may vary between 0.20% ( 0.20 % ) and 0.30% ( 0.30 % ) . the credit facility contains customary affirmative and negative covenants , as well as a financial covenant based on a maximum total leverage ratio . each of the company's existing and future material wholly owned domestic subsidiaries , except those that are specifically designated as unrestricted subsidiaries , are and will be guarantors under the credit facility . in july 2015 , the company used cash on hand to repay all amounts outstanding under a prior credit facility , including $ 345 million in principal amount of outstanding term loans . as of december 31 , 2017 , $ 15 million in letters of credit were issued but undrawn , and the remaining $ 1235 million of the revolving credit facility was unutilized . the company had unamortized debt issuance costs associated with its credit facilities of $ 11 million and $ 8 million as of december 31 , 2017 and 2016 , respectively . senior notes - in december 2017 , the company issued $ 600 million aggregate principal amount of unregistered 3.483% ( 3.483 % ) senior notes with registration rights due december 2027 , the net proceeds of which were used to repurchase the company's 5.000% ( 5.000 % ) senior notes due in 2021 in connection with the 2017 redemption described below . in november 2015 , the company issued $ 600 million aggregate principal amount of unregistered 5.000% ( 5.000 % ) senior notes due november 2025 , the net proceeds of which were used to repurchase the company's 7.125% ( 7.125 % ) senior notes due in 2021 in connection with the 2015 tender offer and redemption described below . interest on the company's senior notes is payable semi-annually . the terms of the 5.000% ( 5.000 % ) and 3.483% ( 3.483 % ) senior notes limit the company 2019s ability and the ability of certain of its subsidiaries to create liens , enter into sale and leaseback transactions , sell assets , and effect consolidations or mergers . the company had unamortized debt issuance costs associated with the senior notes of $ 15 million and $ 19 million as of december 31 , 2017 and 2016 , respectively. .
Question:
what is the ratio of the deffered tax assets for the state income tax credit carry-forwards to the net operating loss carry-forward
Important information:
text_1: a deferred tax asset of approximately $ 16 million ( net of federal benefit ) has been established related to these state income tax credit carry-forwards , with a valuation allowance of $ 7 million against such deferred tax asset as of december 31 , 2017 .
text_2: the company had a gross state net operating loss carry-forward of $ 39 million , which expires in 2027 .
text_3: a deferred tax asset of approximately $ 3 million ( net of federal benefit ) has been established for the net operating loss carry-forward , with a full valuation allowance as of december 31 , 2017 .
Key Information: as of december 31 , 2017 , the company had gross state income tax credit carry-forwards of approximately $ 20 million , which expire from 2018 through 2020 .
Reasoning Steps:
Step: divide2-1(16, const_3) = 5.3
Program:
divide(16, const_3)
Program (Nested):
divide(16, const_3)
| finqa248 |
what percent of assets acquired by the acquisition are non-tangible assets?
Important information:
table_4: the property and equipment of total is 267 ;
table_6: the total assets acquired of total is 19427 ;
table_9: the net assets acquired of total is $ 16594 ;
Reasoning Steps:
Step: add2-1(13536, 4091) = 17627
Step: add2-2(#0, 1031) = 18658
Step: divide2-3(#1, 19427) = 96%
Program:
add(13536, 4091), add(#0, 1031), divide(#1, 19427)
Program (Nested):
divide(add(add(13536, 4091), 1031), 19427)
| 0.96042 | 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 percent of assets acquired by the acquisition are non-tangible assets?
Important information:
table_4: the property and equipment of total is 267 ;
table_6: the total assets acquired of total is 19427 ;
table_9: the net assets acquired of total is $ 16594 ;
Reasoning Steps:
Step: add2-1(13536, 4091) = 17627
Step: add2-2(#0, 1031) = 18658
Step: divide2-3(#1, 19427) = 96%
Program:
add(13536, 4091), add(#0, 1031), divide(#1, 19427)
Program (Nested):
divide(add(add(13536, 4091), 1031), 19427)
| finqa249 |
in 2009 what was the company 2019s consolidated net sales in billions
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: divide1-1(7.1, 32%) = 22.19
Program:
divide(7.1, 32%)
Program (Nested):
divide(7.1, 32%)
| 22.1875 | 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:
in 2009 what was the company 2019s consolidated net sales in billions
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: divide1-1(7.1, 32%) = 22.19
Program:
divide(7.1, 32%)
Program (Nested):
divide(7.1, 32%)
| finqa250 |
what was the average revenue from discontinued operations in 2013 and 2011 , in millions?
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_15: as of december 31 , 2013 , the net assets from our discontinued operations consisted of the following : december 31 , 2013 ( in thousands ) .
table_5: the net assets from discontinued operations of as of december 31 2013 ( in thousands ) is $ 8929 ;
Reasoning Steps:
Step: add2-1(503, 974) = 1477.0
Step: divide0-0(#0, const_2) = 738.5
Program:
add(503, 974), divide(#0, const_2)
Program (Nested):
divide(add(503, 974), const_2)
| 738.5 | 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:
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 was the average revenue from discontinued operations in 2013 and 2011 , in millions?
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_15: as of december 31 , 2013 , the net assets from our discontinued operations consisted of the following : december 31 , 2013 ( in thousands ) .
table_5: the net assets from discontinued operations of as of december 31 2013 ( in thousands ) is $ 8929 ;
Reasoning Steps:
Step: add2-1(503, 974) = 1477.0
Step: divide0-0(#0, const_2) = 738.5
Program:
add(503, 974), divide(#0, const_2)
Program (Nested):
divide(add(503, 974), const_2)
| finqa251 |
as of december 312013 what was the percent of the total contractual obligations global headquarters operating leases
Important information:
table_1: ( in thousands ) the global headquarters operating leases ( 1 ) of payments due by period total is $ 68389 ; the global headquarters operating leases ( 1 ) of payments due by period within 1 year is $ 1429 ; the global headquarters operating leases ( 1 ) of payments due by period 2 2013 3 years is $ 8556 ; the global headquarters operating leases ( 1 ) of payments due by period 4 2013 5 years is $ 8556 ; the global headquarters operating leases ( 1 ) of payments due by period after 5 years is $ 49848 ;
table_2: ( in thousands ) the other operating leases ( 2 ) of payments due by period total is 35890 ; the other operating leases ( 2 ) of payments due by period within 1 year is 11401 ; the other operating leases ( 2 ) of payments due by period 2 2013 3 years is 12045 ; the other operating leases ( 2 ) of payments due by period 4 2013 5 years is 5249 ; the other operating leases ( 2 ) of payments due by period after 5 years is 7195 ;
table_6: ( in thousands ) the total contractual obligations of payments due by period total is $ 144535 ; the total contractual obligations of payments due by period within 1 year is $ 27775 ; the total contractual obligations of payments due by period 2 2013 3 years is $ 39046 ; the total contractual obligations of payments due by period 4 2013 5 years is $ 17585 ; the total contractual obligations of payments due by period after 5 years is $ 60129 ;
Reasoning Steps:
Step: divide1-1(68389, 144535) = 47.3%
Program:
divide(68389, 144535)
Program (Nested):
divide(68389, 144535)
| 0.47317 | 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 the company's significant contractual obligations as of december 31 , 2013 are summarized below: .
Table
( in thousands ) | payments due by period total | payments due by period within 1 year | payments due by period 2 2013 3 years | payments due by period 4 2013 5 years | payments due by period after 5 years
global headquarters operating leases ( 1 ) | $ 68389 | $ 1429 | $ 8556 | $ 8556 | $ 49848
other operating leases ( 2 ) | 35890 | 11401 | 12045 | 5249 | 7195
unconditional purchase obligations ( 3 ) | 3860 | 2872 | 988 | 2014 | 2014
obligations related to uncertain tax positions including interest and penalties ( 4 ) | 933 | 933 | 2014 | 2014 | 2014
other long-term obligations ( 5 ) | 35463 | 11140 | 17457 | 3780 | 3086
total contractual obligations | $ 144535 | $ 27775 | $ 39046 | $ 17585 | $ 60129
( 1 ) on september 14 , 2012 , the company entered into a lease agreement for a to-be-built office facility in canonsburg , pennsylvania , which will serve as the company's new headquarters . the lease was effective as of september 14 , 2012 , but because the premises are under construction , the company will not be obligated to pay rent until january 1 , 2015 . the term of the lease is 183 months , beginning on the date the company takes possession of the facility . the company shall have a one-time right to terminate the lease effective upon the last day of the tenth full year following the date of possession ( anticipated to be december 31 , 2025 ) , by providing the landlord with at least 18 months' prior written notice of such termination . the company's lease for its existing headquarters expires on december 31 , 2014 . ( 2 ) other operating leases primarily include noncancellable lease commitments for the company 2019s other domestic and international offices as well as certain operating equipment . ( 3 ) unconditional purchase obligations primarily include software licenses and long-term purchase contracts for network , communication and office maintenance services , which are unrecorded as of december 31 , 2013 . ( 4 ) the company has $ 17.9 million of unrecognized tax benefits , including estimated interest and penalties , that have been recorded as liabilities in accordance with income tax accounting guidance for which the company is uncertain as to if or when such amounts may be settled . as a result , such amounts are excluded from the table above . ( 5 ) primarily includes deferred compensation of $ 20.0 million ( including estimated imputed interest of $ 250000 within 1 year , $ 580000 within 2-3 years and $ 90000 within 4-5 years ) , contingent consideration of $ 8.0 million ( including estimated imputed interest of $ 360000 within 1 year and $ 740000 within 2-3 years ) and pension obligations of $ 5.4 million for certain foreign locations of the company . table of contents .
Question:
as of december 312013 what was the percent of the total contractual obligations global headquarters operating leases
Important information:
table_1: ( in thousands ) the global headquarters operating leases ( 1 ) of payments due by period total is $ 68389 ; the global headquarters operating leases ( 1 ) of payments due by period within 1 year is $ 1429 ; the global headquarters operating leases ( 1 ) of payments due by period 2 2013 3 years is $ 8556 ; the global headquarters operating leases ( 1 ) of payments due by period 4 2013 5 years is $ 8556 ; the global headquarters operating leases ( 1 ) of payments due by period after 5 years is $ 49848 ;
table_2: ( in thousands ) the other operating leases ( 2 ) of payments due by period total is 35890 ; the other operating leases ( 2 ) of payments due by period within 1 year is 11401 ; the other operating leases ( 2 ) of payments due by period 2 2013 3 years is 12045 ; the other operating leases ( 2 ) of payments due by period 4 2013 5 years is 5249 ; the other operating leases ( 2 ) of payments due by period after 5 years is 7195 ;
table_6: ( in thousands ) the total contractual obligations of payments due by period total is $ 144535 ; the total contractual obligations of payments due by period within 1 year is $ 27775 ; the total contractual obligations of payments due by period 2 2013 3 years is $ 39046 ; the total contractual obligations of payments due by period 4 2013 5 years is $ 17585 ; the total contractual obligations of payments due by period after 5 years is $ 60129 ;
Reasoning Steps:
Step: divide1-1(68389, 144535) = 47.3%
Program:
divide(68389, 144535)
Program (Nested):
divide(68389, 144535)
| finqa252 |
what is the difference between the high wti crude oil and western canadian select prices?
Important information:
table_0: benchmark wti crude oil ( dollars per barrel ) the benchmark wti crude oil ( dollars per barrel ) of high $ 145.29 is high $ 145.29 ; the benchmark wti crude oil ( dollars per barrel ) of date july 3 is date july 3 ; the benchmark wti crude oil ( dollars per barrel ) of low $ 33.87 is low $ 33.87 ; the benchmark wti crude oil ( dollars per barrel ) of date december 19 is date december 19 ;
table_1: benchmark wti crude oil ( dollars per barrel ) the western canadian select ( dollars per barrel ) ( a ) of high $ 145.29 is $ 114.95 ; the western canadian select ( dollars per barrel ) ( a ) of date july 3 is july ; the western canadian select ( dollars per barrel ) ( a ) of low $ 33.87 is $ 23.18 ; the western canadian select ( dollars per barrel ) ( a ) of date december 19 is december ;
text_26: wti crude oil ( dollars per barrel ) $ 145.29 july 3 $ 33.87 december 19 western canadian select ( dollars per barrel ) ( a ) $ 114.95 july $ 23.18 december aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) $ 11.34 july 1 $ 5.42 september 19 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .
Reasoning Steps:
Step: minus1-1(145.29, 114.95) = 30.34
Program:
subtract(145.29, 114.95)
Program (Nested):
subtract(145.29, 114.95)
| 30.34 | 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:
crude oil , and political unrest in the middle east and elsewhere . later in 2008 , crude oil prices dropped more rapidly than they had climbed as the u.s . dollar rebounded and other countries entered recessions which decreased demand . during 2008 , the average spot price per barrel for wti was $ 99.75 , up from an average of $ 72.41 in 2007 , but ended the year at $ 44.60 . the average spot price per barrel for brent was $ 97.26 in 2008 , up from an average of $ 72.39 in 2007 , but ended the year at $ 36.55 . the differential between wti and brent average prices widened to $ 2.49 in 2008 from $ 0.02 in 2007 . our domestic crude oil production is on average heavier and higher in sulfur content than light sweet wti . heavier and higher sulfur crude oil ( commonly referred to as heavy sour crude oil ) sells at a discount to light sweet crude oil . our international crude oil production is relatively sweet and is generally sold in relation to the brent crude oil benchmark . natural gas prices on average were higher in 2008 than in 2007 . a significant portion of our u.s . lower 48 states natural gas production is sold at bid-week prices or first-of-month indices relative to our specific producing areas . the average henry hub first-of-month price index was $ 2.18 per thousand cubic feet ( 201cmcf 201d ) higher in 2008 than the 2007 average . natural gas sales in alaska are subject to term contracts . our other major natural gas-producing regions are europe and equatorial guinea , where large portions of our natural gas sales are subject to term contracts , making realized prices in these areas less volatile . as we sell larger quantities of natural gas from these regions , to the extent that these fixed prices are lower than prevailing prices , our reported average natural gas prices realizations may decrease . e&p segment income during 2008 was up 57 percent from 2007 , with revenue increases tied to these increases in average commodity prices accounting for almost half of the income improvement . liquid hydrocarbon and natural gas sales volumes were also higher in 2008 than 2007 . oil sands mining oil sands mining segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil and vacuum gas oil we produce . roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select . output mix can be impacted by operational problems or planned unit outages at the mine or upgrader . during 2008 , our average realized price for synthetic crude oil and vacuum gas oil was $ 91.90 per barrel , up from 2007 , but ended the year at $ 24.97 per barrel impacted by a heavier yield in december and a seasonal decrease in the value of our heavy output . the operating cost structure of the oil sands mining operations is predominantly fixed , and therefore many of the costs incurred in times of full operation continue during production downtime . per unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian aeco natural gas sales index and crude prices respectively . the table below shows benchmark prices that impact both our revenues and variable costs , listing high and low spot prices during the year. .
Table
benchmark wti crude oil ( dollars per barrel ) | high $ 145.29 | date july 3 | low $ 33.87 | date december 19
western canadian select ( dollars per barrel ) ( a ) | $ 114.95 | july | $ 23.18 | december
aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) | $ 11.34 | july 1 | $ 5.42 | september 19
wti crude oil ( dollars per barrel ) $ 145.29 july 3 $ 33.87 december 19 western canadian select ( dollars per barrel ) ( a ) $ 114.95 july $ 23.18 december aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) $ 11.34 july 1 $ 5.42 september 19 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) alberta energy company day ahead index . our osm segment reported income of $ 258 million for 2008 , reflecting synthetic crude oil and vacuum gas oil sales averaging 32 mboepd . derivative instruments intended to hedge price risk on future sales have impacted revenues in the periods presented , with net gains of $ 48 million in 2008 and net losses of $ 53 million in 2007 . in the first quarter of 2009 , we entered into derivative instruments which effectively offset certain of our open derivative positions . refining , marketing and transportation rm&t segment income depends largely on our refining and wholesale marketing gross margin , refinery throughputs , retail marketing gross margins for gasoline , distillates and merchandise , and the profitability of our pipeline transportation operations. .
Question:
what is the difference between the high wti crude oil and western canadian select prices?
Important information:
table_0: benchmark wti crude oil ( dollars per barrel ) the benchmark wti crude oil ( dollars per barrel ) of high $ 145.29 is high $ 145.29 ; the benchmark wti crude oil ( dollars per barrel ) of date july 3 is date july 3 ; the benchmark wti crude oil ( dollars per barrel ) of low $ 33.87 is low $ 33.87 ; the benchmark wti crude oil ( dollars per barrel ) of date december 19 is date december 19 ;
table_1: benchmark wti crude oil ( dollars per barrel ) the western canadian select ( dollars per barrel ) ( a ) of high $ 145.29 is $ 114.95 ; the western canadian select ( dollars per barrel ) ( a ) of date july 3 is july ; the western canadian select ( dollars per barrel ) ( a ) of low $ 33.87 is $ 23.18 ; the western canadian select ( dollars per barrel ) ( a ) of date december 19 is december ;
text_26: wti crude oil ( dollars per barrel ) $ 145.29 july 3 $ 33.87 december 19 western canadian select ( dollars per barrel ) ( a ) $ 114.95 july $ 23.18 december aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) $ 11.34 july 1 $ 5.42 september 19 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .
Reasoning Steps:
Step: minus1-1(145.29, 114.95) = 30.34
Program:
subtract(145.29, 114.95)
Program (Nested):
subtract(145.29, 114.95)
| finqa253 |
what is the total amount of parent company guarantees combined for 2007 and 2008 , in millions?
Important information:
text_0: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
text_1: the amount of such parent company guarantees was $ 255.7 and $ 327.1 as of december 31 , 2008 and 2007 , respectively .
table_5: the total of 2009 is $ 76.7 ; the total of 2010 is $ 65.1 ; the total of 2011 is $ 103.0 ; the total of 2012 is $ 74.6 ; the total of 2013 is $ 75.6 ; the total of thereafter is $ 2.2 ; the total of total is $ 397.2 ;
Key Information: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
Reasoning Steps:
Step: add2-1(255.7, 327.1) = 582.8
Program:
add(255.7, 327.1)
Program (Nested):
add(255.7, 327.1)
| 582.8 | 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:
notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases . the amount of such parent company guarantees was $ 255.7 and $ 327.1 as of december 31 , 2008 and 2007 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2008 , there are no material assets pledged as security for such parent company guarantees . contingent acquisition obligations we have structured certain acquisitions with additional contingent purchase price obligations in order to reduce the potential risk associated with negative future performance of the acquired entity . in addition , we have entered into agreements that may require us to purchase additional equity interests in certain consolidated and unconsolidated subsidiaries . the amounts relating to these transactions are based on estimates of the future financial performance of the acquired entity , the timing of the exercise of these rights , changes in foreign currency exchange rates and other factors . we have not recorded a liability for these items since the definitive amounts payable are not determinable or distributable . when the contingent acquisition obligations have been met and consideration is determinable and distributable , we record the fair value of this consideration as an additional cost of the acquired entity . however , certain acquisitions contain deferred payments that are fixed and determinable on the acquisition date . in such cases , we record a liability for the payment and record this consideration as an additional cost of the acquired entity on the acquisition date . if deferred payments and purchases of additional interests after the effective date of purchase are contingent upon the future employment of the former owners then we recognize these payments as compensation expense . compensation expense is determined based on the terms and conditions of the respective acquisition agreements and employment terms of the former owners of the acquired businesses . this future expense will not be allocated to the assets and liabilities acquired and is amortized over the required employment terms of the former owners . the following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid in the event of exercise at the earliest exercise date . we have certain put options that are exercisable at the discretion of the minority owners as of december 31 , 2008 . as such , these estimated acquisition payments of $ 5.5 have been included within the total payments expected to be made in 2009 in the table below and , if not made in 2009 , will continue to carry forward into 2010 or beyond until they are exercised or expire . all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress . as of december 31 , 2008 , our estimated future contingent acquisition obligations payable in cash are as follows: .
Table
| 2009 | 2010 | 2011 | 2012 | 2013 | thereafter | total
deferred acquisition payments | $ 67.5 | $ 32.1 | $ 30.1 | $ 4.5 | $ 5.7 | $ 2014 | $ 139.9
put and call options with affiliates1 | 11.8 | 34.3 | 73.6 | 70.8 | 70.2 | 2.2 | 262.9
total contingent acquisition payments | 79.3 | 66.4 | 103.7 | 75.3 | 75.9 | 2.2 | 402.8
less cash compensation expense included above | 2.6 | 1.3 | 0.7 | 0.7 | 0.3 | 2014 | 5.6
total | $ 76.7 | $ 65.1 | $ 103.0 | $ 74.6 | $ 75.6 | $ 2.2 | $ 397.2
1 we have entered into certain acquisitions that contain both put and call options with similar terms and conditions . in such instances , we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable . as a result of revisions made during 2008 to eitf topic no . d-98 , classification and measurement of redeemable securities ( 201ceitf d-98 201d ) .
Question:
what is the total amount of parent company guarantees combined for 2007 and 2008 , in millions?
Important information:
text_0: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
text_1: the amount of such parent company guarantees was $ 255.7 and $ 327.1 as of december 31 , 2008 and 2007 , respectively .
table_5: the total of 2009 is $ 76.7 ; the total of 2010 is $ 65.1 ; the total of 2011 is $ 103.0 ; the total of 2012 is $ 74.6 ; the total of 2013 is $ 75.6 ; the total of thereafter is $ 2.2 ; the total of total is $ 397.2 ;
Key Information: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
Reasoning Steps:
Step: add2-1(255.7, 327.1) = 582.8
Program:
add(255.7, 327.1)
Program (Nested):
add(255.7, 327.1)
| finqa254 |
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