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what percent increase in net income was experienced between 2015 and 2016
Important information:
text_2: 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .
text_4: amount ( in millions ) .
table_1: the 2016 net revenue of amount ( in millions ) is $ 1520.5 ;
Reasoning Steps:
Step: minus2-1(1520.5, 92.9) = 1427.6
Step: divide2-2(92.9, #0) = .0651
Program:
subtract(1520.5, 92.9), divide(92.9, #0)
Program (Nested):
divide(92.9, subtract(1520.5, 92.9))
| 0.06507 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 percent increase in net income was experienced between 2015 and 2016
Important information:
text_2: 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .
text_4: amount ( in millions ) .
table_1: the 2016 net revenue of amount ( in millions ) is $ 1520.5 ;
Reasoning Steps:
Step: minus2-1(1520.5, 92.9) = 1427.6
Step: divide2-2(92.9, #0) = .0651
Program:
subtract(1520.5, 92.9), divide(92.9, #0)
Program (Nested):
divide(92.9, subtract(1520.5, 92.9))
| finqa255 |
in 2008 what was the percent of the total gaap stockholders 2019 equity and aggregate statutory capital associated with life operations
Important information:
table_1: the life operations of 2008 is $ 6047 ; the life operations of 2007 is $ 5786 ;
table_2: the japan life operations of 2008 is 1718 ; the japan life operations of 2007 is 1620 ;
table_4: the total of 2008 is $ 13777 ; the total of 2007 is $ 15915 ;
Reasoning Steps:
Step: divide1-1(6047, 13777) = 43.9%
Program:
divide(6047, 13777)
Program (Nested):
divide(6047, 13777)
| 0.43892 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 the table below sets forth statutory surplus for the company 2019s insurance companies . the statutory surplus amounts as of december 31 , 2007 in the table below are based on actual statutory filings with the applicable regulatory authorities . the statutory surplus amounts as of december 31 , 2008 are estimates , as the respective 2008 statutory filings have not yet been the company has received approval from the connecticut insurance department regarding the use of two permitted practices in the statutory financial statements of its connecticut-domiciled life insurance subsidiaries as of december 31 , 2008 . the first permitted practice relates to the statutory accounting for deferred income taxes . specifically , this permitted practice modifies the accounting for deferred income taxes prescribed by the naic by increasing the realization period for deferred tax assets from one year to three years and increasing the asset recognition limit from 10% ( 10 % ) to 15% ( 15 % ) of adjusted statutory capital and surplus . the benefits of this permitted practice may not be considered by the company when determining surplus available for dividends . the second permitted practice relates to the statutory reserving requirements for variable annuities with guaranteed living benefit riders . actuarial guidelines prescribed by the naic require a stand-alone asset adequacy analysis reflecting only benefits , expenses and charges that are associated with the riders for variable annuities with guaranteed living benefits . the permitted practice allows for all benefits , expenses and charges associated with the variable annuity contract to be reflected in the stand- alone asset adequacy test . these permitted practices resulted in an increase to life operations estimated statutory surplus of $ 987 as of december 31 , 2008 . the effects of these permitted practices are included in the 2008 life operations surplus amount in the table above . statutory capital the company 2019s stockholders 2019 equity , as prepared using u.s . gaap was $ 9.3 billion as of december 31 , 2008 . the company 2019s estimated aggregate statutory capital and surplus , as prepared in accordance with the national association of insurance commissioners 2019 accounting practices and procedures manual ( 201cus stat 201d ) was $ 13.8 billion as of december 31 , 2008 . significant differences between u.s . gaap stockholders 2019 equity and aggregate statutory capital and surplus prepared in accordance with us stat include the following: .
Table
| 2008 | 2007
life operations | $ 6047 | $ 5786
japan life operations | 1718 | 1620
property & casualty operations | 6012 | 8509
total | $ 13777 | $ 15915
2022 costs incurred by the company to acquire insurance policies are deferred under u.s . gaap while those costs are expensed immediately under us stat . 2022 temporary differences between the book and tax basis of an asset or liability which are recorded as deferred tax assets are evaluated for recoverability under u.s . gaap while those amounts deferred are subject to limitations under us stat . 2022 certain assumptions used in the determination of life benefit reserves are prescribed under us stat and are intended to be conservative , while the assumptions used under u.s . gaap are generally the company 2019s best estimates . in addition , the methodologies used for determining life reserve amounts are different between us stat and u.s . gaap . annuity reserving and cash-flow testing for death and living benefit reserves under us stat are generally addressed by the commissioners 2019 annuity reserving valuation methodology and the related actuarial guidelines . under these actuarial guidelines , in general , future cash flows associated with the variable annuity business are included in these methodologies with estimates of future fee revenues , claim payments , expenses , reinsurance impacts and hedging impacts . at december 31 , 2008 , in determining the cash-flow impacts related to future hedging , assumptions were made in the scenarios that generate reserve requirements , about the potential future decreases in the hedge benefits and increases in hedge costs which resulted in increased reserve requirements . reserves for death and living benefits under u.s . gaap are either considered embedded derivatives and recorded at fair value or they may be considered sop 03-1 reserves . 2022 the difference between the amortized cost and fair value of fixed maturity and other investments , net of tax , is recorded as an increase or decrease to the carrying value of the related asset and to equity under u.s . gaap , while us stat only records certain securities at fair value , such as equity securities and certain lower rated bonds required by the naic to be recorded at the lower of amortized cost or fair value . in the case of the company 2019s market value adjusted ( mva ) fixed annuity products , invested assets are marked to fair value ( including the impact of credit spreads ) and liabilities are marked to fair value ( but generally actual credit spreads are not fully reflected ) for statutory purposes only . 2022 us stat for life insurance companies establishes a formula reserve for realized and unrealized losses due to default and equity risks associated with certain invested assets ( the asset valuation reserve ) , while u.s . gaap does not . also , for those realized gains and losses caused by changes in interest rates , us stat for life insurance companies defers and amortizes the gains and losses , caused by changes in interest rates , into income over the original life to maturity of the asset sold ( the interest maintenance reserve ) while u.s . gaap does not . 2022 goodwill arising from the acquisition of a business is tested for recoverability on an annual basis ( or more frequently , as necessary ) for u.s . gaap , while under us stat goodwill is amortized over a period not to exceed 10 years and the .
Question:
in 2008 what was the percent of the total gaap stockholders 2019 equity and aggregate statutory capital associated with life operations
Important information:
table_1: the life operations of 2008 is $ 6047 ; the life operations of 2007 is $ 5786 ;
table_2: the japan life operations of 2008 is 1718 ; the japan life operations of 2007 is 1620 ;
table_4: the total of 2008 is $ 13777 ; the total of 2007 is $ 15915 ;
Reasoning Steps:
Step: divide1-1(6047, 13777) = 43.9%
Program:
divide(6047, 13777)
Program (Nested):
divide(6047, 13777)
| finqa256 |
what was the return on total assets during 2013?
Important information:
table_5: ( $ in millions except per share amounts ) the total assets of year ended december 31 2017 is 6374 ; the total assets of year ended december 31 2016 is 6352 ; the total assets of year ended december 31 2015 is 6024 ; the total assets of year ended december 31 2014 is 6239 ; the total assets of year ended december 31 2013 is 6190 ;
table_7: ( $ in millions except per share amounts ) the total long-term obligations of year ended december 31 2017 is 3225 ; the total long-term obligations of year ended december 31 2016 is 3356 ; the total long-term obligations of year ended december 31 2015 is 3260 ; the total long-term obligations of year ended december 31 2014 is 3562 ; the total long-term obligations of year ended december 31 2013 is 3277 ;
table_10: ( $ in millions except per share amounts ) the dividends declared per share of year ended december 31 2017 is $ 2.52 ; the dividends declared per share of year ended december 31 2016 is $ 2.10 ; the dividends declared per share of year ended december 31 2015 is $ 1.70 ; the dividends declared per share of year ended december 31 2014 is $ 1.00 ; the dividends declared per share of year ended december 31 2013 is $ 0.50 ;
Reasoning Steps:
Step: divide1-1(261, 6190) = 4.2%
Program:
divide(261, 6190)
Program (Nested):
divide(261, 6190)
| 0.04216 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 6 . selected financial data the following table sets forth our selected financial data . the table should be read in conjunction with item 7 and item 8 of this annual report on form 10-k. .
Table
( $ in millions except per share amounts ) | year ended december 31 2017 | year ended december 31 2016 | year ended december 31 2015 | year ended december 31 2014 | year ended december 31 2013
sales and service revenues | $ 7441 | $ 7068 | $ 7020 | $ 6957 | $ 6820
goodwill impairment | 2014 | 2014 | 75 | 47 | 2014
operating income ( loss ) | 865 | 858 | 769 | 655 | 512
net earnings ( loss ) | 479 | 573 | 404 | 338 | 261
total assets | 6374 | 6352 | 6024 | 6239 | 6190
long-term debt ( 1 ) | 1279 | 1278 | 1273 | 1562 | 1665
total long-term obligations | 3225 | 3356 | 3260 | 3562 | 3277
net cash provided by ( used in ) operating activities | 814 | 822 | 861 | 755 | 260
free cash flow ( 2 ) | 453 | 537 | 673 | 590 | 121
dividends declared per share | $ 2.52 | $ 2.10 | $ 1.70 | $ 1.00 | $ 0.50
basic earnings ( loss ) per share | $ 10.48 | $ 12.24 | $ 8.43 | $ 6.93 | $ 5.25
diluted earnings ( loss ) per share | $ 10.46 | $ 12.14 | $ 8.36 | $ 6.86 | $ 5.18
( 1 ) long-term debt does not include the current portion of long-term debt , which is included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures net of related grant proceeds . see liquidity and capital resources in item 7 for more information on this measure. .
Question:
what was the return on total assets during 2013?
Important information:
table_5: ( $ in millions except per share amounts ) the total assets of year ended december 31 2017 is 6374 ; the total assets of year ended december 31 2016 is 6352 ; the total assets of year ended december 31 2015 is 6024 ; the total assets of year ended december 31 2014 is 6239 ; the total assets of year ended december 31 2013 is 6190 ;
table_7: ( $ in millions except per share amounts ) the total long-term obligations of year ended december 31 2017 is 3225 ; the total long-term obligations of year ended december 31 2016 is 3356 ; the total long-term obligations of year ended december 31 2015 is 3260 ; the total long-term obligations of year ended december 31 2014 is 3562 ; the total long-term obligations of year ended december 31 2013 is 3277 ;
table_10: ( $ in millions except per share amounts ) the dividends declared per share of year ended december 31 2017 is $ 2.52 ; the dividends declared per share of year ended december 31 2016 is $ 2.10 ; the dividends declared per share of year ended december 31 2015 is $ 1.70 ; the dividends declared per share of year ended december 31 2014 is $ 1.00 ; the dividends declared per share of year ended december 31 2013 is $ 0.50 ;
Reasoning Steps:
Step: divide1-1(261, 6190) = 4.2%
Program:
divide(261, 6190)
Program (Nested):
divide(261, 6190)
| finqa257 |
what was the percentage of the anticipated approximate tax refund in 2003 based on the nol $ 90.0 million .
Important information:
table_5: years ended december 31, the total of federal is $ 2157503 ; the total of state is $ 2418012 ;
text_8: in june 2003 and october 2003 , the company filed federal income tax refund claims with the irs relating to the carry back of $ 380.0 million of net operating losses generated prior to 2003 , of which the company initially anticipated receiving approximately $ 90.0 million .
text_9: based on preliminary discussions with tax authorities , the company has revised its estimate of the net realizable value of the federal income tax refund claims and anticipates receiving a refund of approximately $ 65.0 million as a result of these claims by the end of 2006 .
Reasoning Steps:
Step: divide2-1(90.0, 380.0) = 23.7%
Program:
divide(90.0, 380.0)
Program (Nested):
divide(90.0, 380.0)
| 0.23684 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 ) at december 31 , 2005 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 2.2 billion and $ 2.4 billion , respectively . if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .
Table
years ended december 31, | federal | state
2006 to 2010 | $ 5248 | $ 469747
2011 to 2015 | 10012 | 272662
2016 to 2020 | 397691 | 777707
2021 to 2025 | 1744552 | 897896
total | $ 2157503 | $ 2418012
sfas no . 109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2005 , the company has provided a valuation allowance of approximately $ 422.4 million , including approximately $ 249.5 million attributable to spectrasite , primarily related to net operating loss and capital loss carryforwards . approximately $ 237.8 million of the spectrasite valuation allowance was assumed as of the acquisition date . the balance of the valuation allowance primarily relates to net state deferred tax assets . the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period . the company intends to recover a portion of its deferred tax asset through its federal income tax refund claims related to the carry back of certain federal net operating losses . in june 2003 and october 2003 , the company filed federal income tax refund claims with the irs relating to the carry back of $ 380.0 million of net operating losses generated prior to 2003 , of which the company initially anticipated receiving approximately $ 90.0 million . based on preliminary discussions with tax authorities , the company has revised its estimate of the net realizable value of the federal income tax refund claims and anticipates receiving a refund of approximately $ 65.0 million as a result of these claims by the end of 2006 . there can be no assurances , however , with respect to the specific amount and timing of any refund . the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations . the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense . accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions . based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized . the realization of the company 2019s deferred tax assets as of december 31 , 2005 will be dependent upon its ability to generate approximately $ 1.3 billion in taxable income from january 1 , 2006 to december 31 , 2025 . if the company is unable to generate sufficient taxable income in the future , or carry back losses , as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity . from time to time the company is subject to examination by various tax authorities in jurisdictions in which the company has significant business operations . the company regularly assesses the likelihood of additional assessments in each of the tax jurisdictions resulting from these examinations . during the year ended .
Question:
what was the percentage of the anticipated approximate tax refund in 2003 based on the nol $ 90.0 million .
Important information:
table_5: years ended december 31, the total of federal is $ 2157503 ; the total of state is $ 2418012 ;
text_8: in june 2003 and october 2003 , the company filed federal income tax refund claims with the irs relating to the carry back of $ 380.0 million of net operating losses generated prior to 2003 , of which the company initially anticipated receiving approximately $ 90.0 million .
text_9: based on preliminary discussions with tax authorities , the company has revised its estimate of the net realizable value of the federal income tax refund claims and anticipates receiving a refund of approximately $ 65.0 million as a result of these claims by the end of 2006 .
Reasoning Steps:
Step: divide2-1(90.0, 380.0) = 23.7%
Program:
divide(90.0, 380.0)
Program (Nested):
divide(90.0, 380.0)
| finqa258 |
as of december 31 2010 percent of the cabinets and related products to the total gross goodwill
Important information:
text_1: goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products .
table_1: the cabinets and related products of gross goodwill at december 31 2010 is $ 587 ; the cabinets and related products of accumulated impairment losses is $ -364 ( 364 ) ; the cabinets and related products of net goodwill at december 31 2010 is $ 223 ; the cabinets and related products of additions ( a ) is $ 2014 ; the cabinets and related products of discontinued operations ( b ) is $ 2014 ; the cabinets and related products of pre-tax impairment charge is $ -44 ( 44 ) ; the cabinets and related products of other ( c ) is $ 2 ; the cabinets and related products of net goodwill at december 31 2011 is $ 181 ;
table_6: the total of gross goodwill at december 31 2010 is $ 4216 ; the total of accumulated impairment losses is $ -1833 ( 1833 ) ; the total of net goodwill at december 31 2010 is $ 2383 ; the total of additions ( a ) is $ 9 ; the total of discontinued operations ( b ) is $ -13 ( 13 ) ; the total of pre-tax impairment charge is $ -486 ( 486 ) ; the total of other ( c ) is $ -2 ( 2 ) ; the total of net goodwill at december 31 2011 is $ 1891 ;
Reasoning Steps:
Step: divide1-1(587, 4216) = 13.9%
Program:
divide(587, 4216)
Program (Nested):
divide(587, 4216)
| 0.13923 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
masco corporation notes to consolidated financial statements ( continued ) h . goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products . . . . . . . . . . . $ 587 $ ( 364 ) $ 223 $ 2014 $ 2014 $ ( 44 ) $ 2 $ 181 .
Table
| gross goodwill at december 31 2010 | accumulated impairment losses | net goodwill at december 31 2010 | additions ( a ) | discontinued operations ( b ) | pre-tax impairment charge | other ( c ) | net goodwill at december 31 2011
cabinets and related products | $ 587 | $ -364 ( 364 ) | $ 223 | $ 2014 | $ 2014 | $ -44 ( 44 ) | $ 2 | $ 181
plumbing products | 536 | -340 ( 340 ) | 196 | 9 | 2014 | 2014 | -4 ( 4 ) | 201
installation and other services | 1819 | -762 ( 762 ) | 1057 | 2014 | -13 ( 13 ) | 2014 | 2014 | 1044
decorative architectural products | 294 | 2014 | 294 | 2014 | 2014 | -75 ( 75 ) | 2014 | 219
other specialty products | 980 | -367 ( 367 ) | 613 | 2014 | 2014 | -367 ( 367 ) | 2014 | 246
total | $ 4216 | $ -1833 ( 1833 ) | $ 2383 | $ 9 | $ -13 ( 13 ) | $ -486 ( 486 ) | $ -2 ( 2 ) | $ 1891
( a ) additions include acquisitions . ( b ) during 2011 , the company reclassified the goodwill related to the business units held for sale . subsequent to the reclassification , the company recognized a charge for those business units expected to be divested at a loss ; the charge included a write-down of goodwill of $ 13 million . ( c ) other principally includes the effect of foreign currency translation and purchase price adjustments related to prior-year acquisitions . in the fourth quarters of 2012 and 2011 , the company completed its annual impairment testing of goodwill and other indefinite-lived intangible assets . the impairment test in 2012 indicated there was no impairment of goodwill for any of the company 2019s reporting units . the impairment test in 2011 indicated that goodwill recorded for certain of the company 2019s reporting units was impaired . the company recognized the non-cash , pre-tax impairment charges , in continuing operations , for goodwill of $ 486 million ( $ 330 million , after tax ) for 2011 . in 2011 , the pre-tax impairment charge in the cabinets and related products segment relates to the european ready-to- assemble cabinet manufacturer and reflects the declining demand for certain products , as well as decreased operating margins . the pre-tax impairment charge in the decorative architectural products segment relates to the builders 2019 hardware business and reflects increasing competitive conditions for that business . the pre-tax impairment charge in the other specialty products segment relates to the north american window and door business and reflects the continuing weak level of new home construction activity in the western u.s. , the reduced levels of repair and remodel activity and the expectation that recovery in these segments will be modestly slower than anticipated . the company then assessed the long-lived assets associated with these business units and determined no impairment was necessary at december 31 , 2011 . other indefinite-lived intangible assets were $ 132 million and $ 174 million at december 31 , 2012 and 2011 , respectively , and principally included registered trademarks . in 2012 and 2011 , the impairment test indicated that the registered trademark for a north american business unit in the other specialty products segment and the registered trademark for a north american business unit in the plumbing products segment ( 2011 only ) were impaired due to changes in the long-term outlook for the business units . the company recognized non-cash , pre-tax impairment charges for other indefinite- lived intangible assets of $ 42 million ( $ 27 million , after tax ) and $ 8 million ( $ 5 million , after tax ) in 2012 and 2011 , respectively . in 2010 , the company recognized non-cash , pre-tax impairment charges for other indefinite-lived intangible assets of $ 10 million ( $ 6 million after tax ) related to the installation and other services segment ( $ 9 million pre-tax ) and the plumbing products segment ( $ 1 million pre-tax ) . .
Question:
as of december 31 2010 percent of the cabinets and related products to the total gross goodwill
Important information:
text_1: goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products .
table_1: the cabinets and related products of gross goodwill at december 31 2010 is $ 587 ; the cabinets and related products of accumulated impairment losses is $ -364 ( 364 ) ; the cabinets and related products of net goodwill at december 31 2010 is $ 223 ; the cabinets and related products of additions ( a ) is $ 2014 ; the cabinets and related products of discontinued operations ( b ) is $ 2014 ; the cabinets and related products of pre-tax impairment charge is $ -44 ( 44 ) ; the cabinets and related products of other ( c ) is $ 2 ; the cabinets and related products of net goodwill at december 31 2011 is $ 181 ;
table_6: the total of gross goodwill at december 31 2010 is $ 4216 ; the total of accumulated impairment losses is $ -1833 ( 1833 ) ; the total of net goodwill at december 31 2010 is $ 2383 ; the total of additions ( a ) is $ 9 ; the total of discontinued operations ( b ) is $ -13 ( 13 ) ; the total of pre-tax impairment charge is $ -486 ( 486 ) ; the total of other ( c ) is $ -2 ( 2 ) ; the total of net goodwill at december 31 2011 is $ 1891 ;
Reasoning Steps:
Step: divide1-1(587, 4216) = 13.9%
Program:
divide(587, 4216)
Program (Nested):
divide(587, 4216)
| finqa259 |
what is the roi of an investment in loews common stock from 2010 to 2011?
Important information:
text_2: the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .
table_1: the loews common stock of 2010 is 100.0 ; the loews common stock of 2011 is 97.37 ; the loews common stock of 2012 is 106.04 ; the loews common stock of 2013 is 126.23 ; the loews common stock of 2014 is 110.59 ; the loews common stock of 2015 is 101.72 ;
table_3: the loews peer group ( a ) of 2010 is 100.0 ; the loews peer group ( a ) of 2011 is 101.59 ; the loews peer group ( a ) of 2012 is 115.19 ; the loews peer group ( a ) of 2013 is 145.12 ; the loews peer group ( a ) of 2014 is 152.84 ; the loews peer group ( a ) of 2015 is 144.70 ;
Reasoning Steps:
Step: minus1-1(97.37, const_100) = -2.63
Step: divide1-2(#0, const_100) = -2.6%
Program:
subtract(97.37, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(97.37, const_100), const_100)
| -0.0263 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2015 . the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .
Table
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015
loews common stock | 100.0 | 97.37 | 106.04 | 126.23 | 110.59 | 101.72
s&p 500 index | 100.0 | 102.11 | 118.45 | 156.82 | 178.29 | 180.75
loews peer group ( a ) | 100.0 | 101.59 | 115.19 | 145.12 | 152.84 | 144.70
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : ace limited , w.r . berkley corporation , the chubb corporation , energy transfer partners l.p. , ensco plc , the hartford financial services group , inc. , kinder morgan energy partners , l.p . ( included through november 26 , 2014 when it was acquired by kinder morgan inc. ) , noble corporation , spectra energy corp , transocean ltd . and the travelers companies , inc . dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967 . regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2015 and 2014. .
Question:
what is the roi of an investment in loews common stock from 2010 to 2011?
Important information:
text_2: the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .
table_1: the loews common stock of 2010 is 100.0 ; the loews common stock of 2011 is 97.37 ; the loews common stock of 2012 is 106.04 ; the loews common stock of 2013 is 126.23 ; the loews common stock of 2014 is 110.59 ; the loews common stock of 2015 is 101.72 ;
table_3: the loews peer group ( a ) of 2010 is 100.0 ; the loews peer group ( a ) of 2011 is 101.59 ; the loews peer group ( a ) of 2012 is 115.19 ; the loews peer group ( a ) of 2013 is 145.12 ; the loews peer group ( a ) of 2014 is 152.84 ; the loews peer group ( a ) of 2015 is 144.70 ;
Reasoning Steps:
Step: minus1-1(97.37, const_100) = -2.63
Step: divide1-2(#0, const_100) = -2.6%
Program:
subtract(97.37, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(97.37, const_100), const_100)
| finqa260 |
what was the greatest gross margin percentage in the three year period?
Important information:
table_3: the gross margin of 2003 is $ 1708 ; the gross margin of 2002 is $ 1603 ; the gross margin of 2001 is $ 1235 ;
table_4: the gross margin percentage of 2003 is 27.5% ( 27.5 % ) ; the gross margin percentage of 2002 is 27.9% ( 27.9 % ) ; the gross margin percentage of 2001 is 23.0% ( 23.0 % ) ;
text_22: gross margin decreased to 27.5% ( 27.5 % ) of net sales in 2003 from 27.9% ( 27.9 % ) of net sales in 2002 .
Reasoning Steps:
Step: max2-1(gross margin percentage, none) = 27.9
Program:
table_max(gross margin percentage, none)
Program (Nested):
table_max(gross margin percentage, none)
| 0.279 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 was the greatest gross margin percentage in the three year period?
Important information:
table_3: the gross margin of 2003 is $ 1708 ; the gross margin of 2002 is $ 1603 ; the gross margin of 2001 is $ 1235 ;
table_4: the gross margin percentage of 2003 is 27.5% ( 27.5 % ) ; the gross margin percentage of 2002 is 27.9% ( 27.9 % ) ; the gross margin percentage of 2001 is 23.0% ( 23.0 % ) ;
text_22: gross margin decreased to 27.5% ( 27.5 % ) of net sales in 2003 from 27.9% ( 27.9 % ) of net sales in 2002 .
Reasoning Steps:
Step: max2-1(gross margin percentage, none) = 27.9
Program:
table_max(gross margin percentage, none)
Program (Nested):
table_max(gross margin percentage, none)
| finqa261 |
what is the total value of fixed maturities and cash as of december 31 , 2015 , in billions?
Important information:
text_4: the company 2019s cash and invested assets totaled $ 17.7 billion at december 31 , 2015 , which consisted of 87.4% ( 87.4 % ) fixed maturities and cash , of which 91.4% ( 91.4 % ) were investment grade ; 8.2% ( 8.2 % ) equity securities and 4.4% ( 4.4 % ) other invested assets .
table_1: ( dollars in millions ) the 2015 of december 31 , average investments ( 1 ) is $ 17430.8 ; the 2015 of december 31 , pre-tax investment income ( 2 ) is $ 473.8 ; the 2015 of december 31 , pre-tax effective yield is 2.72% ( 2.72 % ) ; the 2015 of december 31 , pre-tax realized net capital ( losses ) gains ( 3 ) is $ -184.1 ( 184.1 ) ; the 2015 of december 31 , pre-tax unrealized net capital gains ( losses ) is $ -194.0 ( 194.0 ) ;
text_14: ( 2 ) after investment expenses , excluding realized net capital gains ( losses ) .
Reasoning Steps:
Step: multiply2-1(17.7, 87.4%) = 15.5
Program:
multiply(17.7, 87.4%)
Program (Nested):
multiply(17.7, 87.4%)
| 15.4698 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the company had net realized capital losses for 2015 of $ 184.1 million . in 2015 , the company recorded $ 102.2 million of other-than-temporary impairments on fixed maturity securities , $ 45.6 million of losses due to fair value re-measurements and $ 36.3 million of net realized capital losses from sales of fixed maturity and equity securities . in 2014 , net realized capital gains were $ 84.0 million due to $ 121.7 million of gains from fair value re-measurements on fixed maturity and equity securities and $ 1.9 million of net realized capital gains from sales of fixed maturity and equity securities , partially offset by $ 39.5 million of other-than- temporary impairments on fixed maturity securities . in 2013 , net realized capital gains were $ 300.2 million due to $ 258.9 million of gains due to fair value re-measurements on fixed maturity and equity securities and $ 42.4 million of net realized capital gains from sales of fixed maturity and equity securities , partially offset by $ 1.1 million of other-than-temporary impairments on fixed maturity securities . the company 2019s cash and invested assets totaled $ 17.7 billion at december 31 , 2015 , which consisted of 87.4% ( 87.4 % ) fixed maturities and cash , of which 91.4% ( 91.4 % ) were investment grade ; 8.2% ( 8.2 % ) equity securities and 4.4% ( 4.4 % ) other invested assets . the average maturity of fixed maturity securities was 4.1 years at december 31 , 2015 , and their overall duration was 3.0 years . as of december 31 , 2015 , the company did not have any direct investments in commercial real estate or direct commercial mortgages or any material holdings of derivative investments ( other than equity index put option contracts as discussed in item 8 , 201cfinancial statements and supplementary data 201d - note 4 of notes to consolidated financial statements ) or securities of issuers that are experiencing cash flow difficulty to an extent that the company 2019s management believes could threaten the issuer 2019s ability to meet debt service payments , except where other-than-temporary impairments have been recognized . the company 2019s investment portfolio includes structured commercial mortgage-backed securities ( 201ccmbs 201d ) with a book value of $ 264.9 million and a market value of $ 266.3 million . cmbs securities comprising more than 70% ( 70 % ) of the december 31 , 2015 market value are rated aaa by standard & poor 2019s financial services llc ( 201cstandard & poor 2019s 201d ) . furthermore , securities comprising more than 90% ( 90 % ) of the market value are rated investment grade by standard & poor 2019s . the following table reflects investment results for the company for the periods indicated: .
Table
( dollars in millions ) | december 31 , average investments ( 1 ) | december 31 , pre-tax investment income ( 2 ) | december 31 , pre-tax effective yield | december 31 , pre-tax realized net capital ( losses ) gains ( 3 ) | december 31 , pre-tax unrealized net capital gains ( losses )
2015 | $ 17430.8 | $ 473.8 | 2.72% ( 2.72 % ) | $ -184.1 ( 184.1 ) | $ -194.0 ( 194.0 )
2014 | 16831.9 | 530.6 | 3.15% ( 3.15 % ) | 84.0 | 20.3
2013 | 16472.5 | 548.5 | 3.33% ( 3.33 % ) | 300.2 | -467.2 ( 467.2 )
2012 | 16220.9 | 600.2 | 3.70% ( 3.70 % ) | 164.4 | 161.0
2011 | 15680.9 | 620.0 | 3.95% ( 3.95 % ) | 6.9 | 106.6
pre-tax pre-tax pre-tax pre-tax realized net unrealized net average investment effective capital ( losses ) capital gains ( dollars in millions ) investments ( 1 ) income ( 2 ) yield gains ( 3 ) ( losses ) 17430.8$ 473.8$ 2.72% ( 2.72 % ) ( 184.1 ) $ ( 194.0 ) $ 16831.9 530.6 3.15% ( 3.15 % ) 84.0 20.3 16472.5 548.5 3.33% ( 3.33 % ) 300.2 ( 467.2 ) 16220.9 600.2 3.70% ( 3.70 % ) 164.4 161.0 15680.9 620.0 3.95% ( 3.95 % ) 6.9 106.6 ( 1 ) average of the beginning and ending carrying values of investments and cash , less net funds held , future policy benefit reserve , and non-interest bearing cash . bonds , common stock and redeemable and non-redeemable preferred stocks are carried at market value . common stock which are actively managed are carried at fair value . ( 2 ) after investment expenses , excluding realized net capital gains ( losses ) . ( 3 ) included in 2015 , 2014 , 2013 , 2012 and 2011 are fair value re-measurements of ( $ 45.6 ) million , $ 121.7 million , $ 258.9 million , $ 118.1 million and ( $ 4.4 ) million , respectively. .
Question:
what is the total value of fixed maturities and cash as of december 31 , 2015 , in billions?
Important information:
text_4: the company 2019s cash and invested assets totaled $ 17.7 billion at december 31 , 2015 , which consisted of 87.4% ( 87.4 % ) fixed maturities and cash , of which 91.4% ( 91.4 % ) were investment grade ; 8.2% ( 8.2 % ) equity securities and 4.4% ( 4.4 % ) other invested assets .
table_1: ( dollars in millions ) the 2015 of december 31 , average investments ( 1 ) is $ 17430.8 ; the 2015 of december 31 , pre-tax investment income ( 2 ) is $ 473.8 ; the 2015 of december 31 , pre-tax effective yield is 2.72% ( 2.72 % ) ; the 2015 of december 31 , pre-tax realized net capital ( losses ) gains ( 3 ) is $ -184.1 ( 184.1 ) ; the 2015 of december 31 , pre-tax unrealized net capital gains ( losses ) is $ -194.0 ( 194.0 ) ;
text_14: ( 2 ) after investment expenses , excluding realized net capital gains ( losses ) .
Reasoning Steps:
Step: multiply2-1(17.7, 87.4%) = 15.5
Program:
multiply(17.7, 87.4%)
Program (Nested):
multiply(17.7, 87.4%)
| finqa262 |
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)
| finqa263 |
what percentage of total inventories is comprised of finished goods in 2007?
Important information:
table_2: the work in progress of 2008 is 100.0 ; the work in progress of 2007 is 94.6 ;
table_3: the finished goods of 2008 is 1179.1 ; the finished goods of 2007 is 1001.3 ;
table_5: the total of 2008 is $ 1931.5 ; the total of 2007 is $ 1625.1 ;
Reasoning Steps:
Step: divide1-1(1001.3, 1625.1) = 62%
Program:
divide(1001.3, 1625.1)
Program (Nested):
divide(1001.3, 1625.1)
| 0.61615 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 ) fiscal years ended may 25 , 2008 , may 27 , 2007 , and may 28 , 2006 columnar amounts in millions except per share amounts administrative expenses , including the reclassification of the cumulative after-tax charges of $ 21.9 million from accumulated other comprehensive income . during fiscal 2007 , the company closed on the sale of these notes for approximately $ 117 million , net of transaction expenses , resulting in no additional gain or loss . 8 . inventories the major classes of inventories are as follows: .
Table
| 2008 | 2007
raw materials and packaging | $ 580.8 | $ 458.5
work in progress | 100.0 | 94.6
finished goods | 1179.1 | 1001.3
supplies and other | 71.6 | 70.7
total | $ 1931.5 | $ 1625.1
9 . credit facilities and borrowings at may 25 , 2008 , the company had credit lines from banks that totaled approximately $ 2.3 billion . these lines are comprised of a $ 1.5 billion multi-year revolving credit facility with a syndicate of financial institutions which matures in december 2011 , uncommitted short-term loan facilities approximating $ 364 million , and uncommitted trade finance facilities approximating $ 424 million . borrowings under the multi-year facility bear interest at or below prime rate and may be prepaid without penalty . the company has not drawn upon this multi- year facility . the uncommitted trade finance facilities mentioned above were maintained in order to finance certain working capital needs of the company 2019s trading and merchandising operations . subsequent to the sale of this business in june 2008 , the company exited these facilities . the company finances its short-term liquidity needs with bank borrowings , commercial paper borrowings , and bankers 2019 acceptances . as of may 25 , 2008 , the company had outstanding borrowings of $ 578.3 million , primarily under the commercial paper arrangements . the weighted average interest rate on these borrowings as of may 25 , 2008 was 2.76% ( 2.76 % ) . the average consolidated short-term borrowings outstanding under these facilities were $ 418.5 million and $ 4.3 million for fiscal 2008 and 2007 , respectively. .
Question:
what percentage of total inventories is comprised of finished goods in 2007?
Important information:
table_2: the work in progress of 2008 is 100.0 ; the work in progress of 2007 is 94.6 ;
table_3: the finished goods of 2008 is 1179.1 ; the finished goods of 2007 is 1001.3 ;
table_5: the total of 2008 is $ 1931.5 ; the total of 2007 is $ 1625.1 ;
Reasoning Steps:
Step: divide1-1(1001.3, 1625.1) = 62%
Program:
divide(1001.3, 1625.1)
Program (Nested):
divide(1001.3, 1625.1)
| finqa264 |
what was the percentage change in the company recognized tax-related interest and penalties in 2011 .
Important information:
text_0: 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 .
text_6: total notional amounts of the company 2019s derivative instruments as of december 28 , 2013 and december 29 , 2012 were as follows: .
table_4: ( millions ) the total of 2013 is $ 3278 ; the total of 2012 is $ 3040 ;
Reasoning Steps:
Step: add1-1(16, 3) = 19
Step: divide1-2(3, #0) = 15.8%
Program:
add(16, 3), divide(3, #0)
Program (Nested):
divide(3, add(16, 3))
| 0.15789 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 was the percentage change in the company recognized tax-related interest and penalties in 2011 .
Important information:
text_0: 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 .
text_6: total notional amounts of the company 2019s derivative instruments as of december 28 , 2013 and december 29 , 2012 were as follows: .
table_4: ( millions ) the total of 2013 is $ 3278 ; the total of 2012 is $ 3040 ;
Reasoning Steps:
Step: add1-1(16, 3) = 19
Step: divide1-2(3, #0) = 15.8%
Program:
add(16, 3), divide(3, #0)
Program (Nested):
divide(3, add(16, 3))
| finqa265 |
what is the operating margin for connected fitness in 2014?
Important information:
table_1: ( in thousands ) the north america of year ended december 31 , 2015 is $ 460961 ; the north america of year ended december 31 , 2014 is $ 372347 ; the north america of year ended december 31 , $ change is $ 88614 ; the north america of year ended december 31 , % ( % ) change is 23.8% ( 23.8 % ) ;
table_5: ( in thousands ) the connected fitness of year ended december 31 , 2015 is -61301 ( 61301 ) ; the connected fitness of year ended december 31 , 2014 is -13064 ( 13064 ) ; the connected fitness of year ended december 31 , $ change is -48237 ( 48237 ) ; the connected fitness of year ended december 31 , % ( % ) change is -369.2 ( 369.2 ) ;
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 % ) ;
Reasoning Steps:
Step: divide2-1(-13064, const_1000) = -13.06
Step: divide2-2(#0, 19.2) = -68.0%
Program:
divide(-13064, const_1000), divide(#0, 19.2)
Program (Nested):
divide(divide(-13064, const_1000), 19.2)
| -0.68042 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 is the operating margin for connected fitness in 2014?
Important information:
table_1: ( in thousands ) the north america of year ended december 31 , 2015 is $ 460961 ; the north america of year ended december 31 , 2014 is $ 372347 ; the north america of year ended december 31 , $ change is $ 88614 ; the north america of year ended december 31 , % ( % ) change is 23.8% ( 23.8 % ) ;
table_5: ( in thousands ) the connected fitness of year ended december 31 , 2015 is -61301 ( 61301 ) ; the connected fitness of year ended december 31 , 2014 is -13064 ( 13064 ) ; the connected fitness of year ended december 31 , $ change is -48237 ( 48237 ) ; the connected fitness of year ended december 31 , % ( % ) change is -369.2 ( 369.2 ) ;
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 % ) ;
Reasoning Steps:
Step: divide2-1(-13064, const_1000) = -13.06
Step: divide2-2(#0, 19.2) = -68.0%
Program:
divide(-13064, const_1000), divide(#0, 19.2)
Program (Nested):
divide(divide(-13064, const_1000), 19.2)
| finqa266 |
what is the difference in millions of international subscribers between discovery channel and animal planet?
Important information:
text_3: discovery channel , animal planet and tlc lead the international networks 2019 portfolio of television networks .
table_1: global networks discovery channel the animal planet of internationalsubscribers ( millions ) 246 is 183 ; the animal planet of regional networks dmax is discovery kids ; the animal planet of internationalsubscribers ( millions ) 90 is 61 ;
table_4: global networks discovery channel the investigation discovery of internationalsubscribers ( millions ) 246 is 63 ; the investigation discovery of regional networks dmax is shed ; the investigation discovery of internationalsubscribers ( millions ) 90 is 12 ;
Reasoning Steps:
Step: minus1-1(246, 183) = 63
Program:
subtract(246, 183)
Program (Nested):
subtract(246, 183)
| 63.0 | 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:
international networks international networks generated revenues of $ 1637 million during 2012 , which represented 37% ( 37 % ) of our total consolidated revenues . our international networks segment principally consists of national and pan-regional television networks . this segment generates revenue from operations in virtually every pay-television market in the world through an infrastructure that includes operational centers in london , singapore and miami . discovery channel , animal planet and tlc lead the international networks 2019 portfolio of television networks . international networks has one of the largest international distribution platforms of networks with as many as fourteen networks in more than 200 countries and territories around the world . at december 31 , 2012 , international networks operated over 180 unique distribution feeds in over 40 languages with channel feeds customized according to language needs and advertising sales opportunities . international networks also has free-to-air networks in the u.k. , germany , italy and spain and continues to pursue international expansion . our international networks segment owns and operates the following television networks which reached the following number of subscribers as of december 31 , 2012 : global networks international subscribers ( millions ) regional networks international subscribers ( millions ) .
Table
global networks discovery channel | internationalsubscribers ( millions ) 246 | regional networks dmax | internationalsubscribers ( millions ) 90
animal planet | 183 | discovery kids | 61
tlc real time and travel & living | 174 | quest | 26
discovery science | 75 | discovery history | 13
investigation discovery | 63 | shed | 12
discovery home & health | 57 | discovery en espanol ( u.s. ) | 5
turbo | 42 | discovery familia ( u.s ) | 4
discovery world | 27 | |
on december 21 , 2012 , our international networks segment acquired 20% ( 20 % ) equity ownership interests in eurosport , a european sports satellite and cable network , and a portfolio of pay television networks from tf1 , a french media company , for $ 264 million , including transaction costs . we have a call right that enables us to purchase a controlling interest in eurosport starting december 2014 and for one year thereafter . if we exercise our call right , tf1 will have the right to put its remaining interest to us for one year thereafter . the arrangement is intended to increase the growth of eurosport , which focuses on niche but regionally popular sports such as tennis , skiing , cycling and skating , and enhance our pay television offerings in france . on december 28 , 2012 , we acquired switchover media , a group of five italian television channels with children's and entertainment programming . ( see note 3 to the accompanying consolidated financial statements. ) education education generated revenues of $ 105 million during 2012 , which represented 2% ( 2 % ) of our total consolidated revenues . education is comprised of curriculum-based product and service offerings . this segment generates revenues primarily from subscriptions charged to k-12 schools for access to an online suite of curriculum-based vod tools , professional development services , digital textbooks and , to a lesser extent , student assessments and publication of hardcopy curriculum-based content . our education business also participates in global brand and content licensing and engages in partnerships with leading non-profits , corporations , foundations and trade associations . content development our content development strategy is designed to increase viewership , maintain innovation and quality leadership , and provide value for our network distributors and advertising customers . our content is sourced from a wide range of third-party producers , which include some of the world 2019s leading nonfiction production companies as well as independent producers . our production arrangements fall into three categories : produced , coproduced and licensed . substantially all produced content includes content that we engage third parties to develop and produce , while we retain editorial control and own most or all of the rights , in exchange for paying all development and production costs . coproduced content refers to program rights that we have collaborated with third parties to finance and develop because at times world-wide rights are not available for acquisition or we save costs by collaborating with third parties . licensed content is comprised of films or series that have been previously produced by third parties. .
Question:
what is the difference in millions of international subscribers between discovery channel and animal planet?
Important information:
text_3: discovery channel , animal planet and tlc lead the international networks 2019 portfolio of television networks .
table_1: global networks discovery channel the animal planet of internationalsubscribers ( millions ) 246 is 183 ; the animal planet of regional networks dmax is discovery kids ; the animal planet of internationalsubscribers ( millions ) 90 is 61 ;
table_4: global networks discovery channel the investigation discovery of internationalsubscribers ( millions ) 246 is 63 ; the investigation discovery of regional networks dmax is shed ; the investigation discovery of internationalsubscribers ( millions ) 90 is 12 ;
Reasoning Steps:
Step: minus1-1(246, 183) = 63
Program:
subtract(246, 183)
Program (Nested):
subtract(246, 183)
| finqa267 |
what is the percentage change in the weighted-average discount rate for non-u.s . pension plans from 2014 to 2015?
Important information:
table_1: the u.s . pension plans of 2015 is 4.30% ( 4.30 % ) ; the u.s . pension plans of 2014 is 3.95% ( 3.95 % ) ;
table_2: the non-u.s . pension plans of 2015 is 1.68% ( 1.68 % ) ; the non-u.s . pension plans of 2014 is 1.92% ( 1.92 % ) ;
text_38: pension and postretirement expense to approximately $ 209 million as compared with approximately $ 240 million in 2015 , excluding .
Reasoning Steps:
Step: minus2-1(1.68, 1.92) = -0.24
Step: divide2-2(#0, 1.92) = -12.5%
Program:
subtract(1.68, 1.92), divide(#0, 1.92)
Program (Nested):
divide(subtract(1.68, 1.92), 1.92)
| -0.125 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the selection and disclosure of our critical accounting estimates have been discussed with our audit committee . the following is a discussion of the more significant assumptions , estimates , accounting policies and methods used in the preparation of our consolidated financial statements : 2022 revenue recognition - we recognize revenue when persuasive evidence of an arrangement exists , delivery of product has occurred , the sales price is fixed or determinable and collectability is reasonably assured . for our company , this means that revenue is recognized when title and risk of loss is transferred to our customers . title transfers to our customers upon shipment or upon receipt at the customer's location as determined by the sales terms for each transaction . the company estimates the cost of sales returns based on historical experience , and these estimates are normally immaterial . 2022 goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review . we perform our annual impairment analysis in the first quarter of each year . while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists , the company elects to perform the quantitative assessment for our annual impairment analysis . the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value . if the carrying value exceeds the fair value , goodwill or a non-amortizable intangible asset is considered impaired . to determine the fair value of goodwill , we primarily use a discounted cash flow model , supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry . at december 31 , 2015 , the carrying value of our goodwill was $ 7.4 billion , which is related to ten reporting units , each of which is comprised of a group of markets with similar economic characteristics . the estimated fair value of our ten reporting units exceeded the carrying value as of december 31 , 2015 . to determine the fair value of non-amortizable intangible assets , we primarily use a discounted cash flow model applying the relief-from-royalty method . we concluded that the fair value of our non-amortizable intangible assets exceeded the carrying value , and any reasonable movement in the assumptions would not result in an impairment . these discounted cash flow models include management assumptions relevant for forecasting operating cash flows , which are subject to changes in business conditions , such as volumes and prices , costs to produce , discount rates and estimated capital needs . management considers historical experience and all available information at the time the fair values are estimated , and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use . since the march 28 , 2008 , spin-off from altria , we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets . 2022 marketing and advertising costs - we incur certain costs to support our products through programs which include advertising , marketing , consumer engagement and trade promotions . the costs of our advertising and marketing programs are expensed in accordance with u.s . gaap . recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program . for volume-based incentives provided to customers , management continually assesses and estimates , by customer , the likelihood of the customer achieving the specified targets and records the reduction of revenue as the sales are made . for other trade promotions , management relies on estimated utilization rates that have been developed from historical experience . changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position , results of operations or operating cash flows . we have not made any material changes in the accounting methodology used to estimate our marketing programs during the past three years . 2022 employee benefit plans - as discussed in item 8 , note 13 . benefit plans to our consolidated financial statements , we provide a range of benefits to our employees and retired employees , including pensions , postretirement health care and postemployment benefits ( primarily severance ) . we record annual amounts relating to these plans based on calculations specified by u.s . gaap . these calculations include various actuarial assumptions , such as discount rates , assumed rates of return on plan assets , compensation increases , mortality , turnover rates and health care cost trend rates . we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so . as permitted by u.s . gaap , any effect of the modifications is generally amortized over future periods . we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries . weighted-average discount rate assumptions for pensions and postretirement plans are as follows: .
Table
| 2015 | 2014
u.s . pension plans | 4.30% ( 4.30 % ) | 3.95% ( 3.95 % )
non-u.s . pension plans | 1.68% ( 1.68 % ) | 1.92% ( 1.92 % )
postretirement plans | 4.45% ( 4.45 % ) | 4.20% ( 4.20 % )
we anticipate that assumption changes , coupled with decreased amortization of deferred losses , will decrease 2016 pre-tax u.s . and non- u.s . pension and postretirement expense to approximately $ 209 million as compared with approximately $ 240 million in 2015 , excluding .
Question:
what is the percentage change in the weighted-average discount rate for non-u.s . pension plans from 2014 to 2015?
Important information:
table_1: the u.s . pension plans of 2015 is 4.30% ( 4.30 % ) ; the u.s . pension plans of 2014 is 3.95% ( 3.95 % ) ;
table_2: the non-u.s . pension plans of 2015 is 1.68% ( 1.68 % ) ; the non-u.s . pension plans of 2014 is 1.92% ( 1.92 % ) ;
text_38: pension and postretirement expense to approximately $ 209 million as compared with approximately $ 240 million in 2015 , excluding .
Reasoning Steps:
Step: minus2-1(1.68, 1.92) = -0.24
Step: divide2-2(#0, 1.92) = -12.5%
Program:
subtract(1.68, 1.92), divide(#0, 1.92)
Program (Nested):
divide(subtract(1.68, 1.92), 1.92)
| finqa268 |
what was the percent of minimum total assets available for default that was guaranty fund contributions ( 2 )
Important information:
text_41: 7973.6 minimum total assets available for default ( 4 ) .
table_2: ( in millions ) the guaranty fund contributions ( 2 ) of cme clearingavailable assets is 2899.5 ;
table_4: ( in millions ) the minimum total assets available for default ( 4 ) of cme clearingavailable assets is $ 10973.1 ;
Reasoning Steps:
Step: divide2-1(2899.5, 10973.1) = 26.4%
Program:
divide(2899.5, 10973.1)
Program (Nested):
divide(2899.5, 10973.1)
| 0.26424 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 a financial safeguard package for cleared over-the-counter credit default swap contracts , and 2022 a financial safeguard package for cleared over-the-counter interest rate swap contracts . in the unlikely event of a payment default by a clearing firm , we would first apply assets of the defaulting clearing firm to satisfy its payment obligation . these assets include the defaulting firm 2019s guaranty fund contributions , performance bonds and any other available assets , such as assets required for membership and any associated trading rights . in addition , we would make a demand for payment pursuant to any applicable guarantee provided to us by the parent company of the clearing firm . thereafter , if the payment default remains unsatisfied , we would use the corporate contributions designated for the respective financial safeguard package . we would then use guaranty fund contributions of other clearing firms within the respective financial safeguard package and funds collected through an assessment against solvent clearing firms within the respective financial safeguard package to satisfy the deficit . we maintain a $ 5.0 billion 364-day multi-currency line of credit with a consortium of domestic and international banks to be used in certain situations by cme clearing . we have the option to request an increase in the line from $ 5.0 billion to $ 7.0 billion . we may use the proceeds to provide temporary liquidity in the unlikely event of a clearing firm default , in the event of a liquidity constraint or default by a depositary ( custodian of the collateral ) , or in the event of a temporary disruption with the payments systems that would delay payment of settlement variation between us and our clearing firms . the credit agreement requires us to pledge certain assets to the line of credit custodian prior to drawing on the line of credit . pledged assets may include clearing firm guaranty fund deposits held by us in the form of u.s . treasury or agency securities , as well as select money market mutual funds approved for our select interest earning facility ( ief ) programs . performance bond collateral of a defaulting clearing firm may also be used to secure a draw on the line . in addition to the 364-day multi- currency line of credit , we also have the option to use our $ 1.8 billion multi-currency revolving senior credit facility to provide liquidity for our clearing house in the unlikely event of default . aggregate performance bond deposits for clearing firms for all three cme financial safeguard packages was $ 86.8 billion , including $ 5.6 billion of cash performance bond deposits and $ 4.2 billion of letters of credit . a defaulting firm 2019s performance bond deposits can be used in the event of default of that clearing firm . the following shows the available assets at december 31 , 2012 in the event of a payment default by a clearing firm for the base financial safeguard package after first utilizing the defaulting firm 2019s available assets : ( in millions ) cme clearing available assets designated corporate contributions for futures and options ( 1 ) . . . . . . . . $ 100.0 guaranty fund contributions ( 2 ) . . . . . 2899.5 assessment powers ( 3 ) . . . . . . . . . . . . 7973.6 minimum total assets available for default ( 4 ) . . . . . . . . . . . . . . . . . . . . $ 10973.1 ( 1 ) cme clearing designates $ 100.0 million of corporate contributions to satisfy a clearing firm default in the event that the defaulting clearing firm 2019s guaranty contributions and performance bonds do not satisfy the deficit . ( 2 ) guaranty fund contributions of clearing firms include guaranty fund contributions required of clearing firms , but do not include any excess deposits held by us at the direction of clearing firms . ( 3 ) in the event of a clearing firm default , if a loss continues to exist after the utilization of the assets of the defaulted firm , our designated working capital and the non-defaulting clearing firms 2019 guaranty fund contributions , we have the right to assess all non-defaulting clearing members as defined in the rules governing the guaranty fund . ( 4 ) represents the aggregate minimum resources available to satisfy any obligations not met by a defaulting firm subsequent to the liquidation of the defaulting firm 2019s performance bond collateral. .
Table
( in millions ) | cme clearingavailable assets
designated corporate contributions for futures and options ( 1 ) | $ 100.0
guaranty fund contributions ( 2 ) | 2899.5
assessment powers ( 3 ) | 7973.6
minimum total assets available for default ( 4 ) | $ 10973.1
2022 a financial safeguard package for cleared over-the-counter credit default swap contracts , and 2022 a financial safeguard package for cleared over-the-counter interest rate swap contracts . in the unlikely event of a payment default by a clearing firm , we would first apply assets of the defaulting clearing firm to satisfy its payment obligation . these assets include the defaulting firm 2019s guaranty fund contributions , performance bonds and any other available assets , such as assets required for membership and any associated trading rights . in addition , we would make a demand for payment pursuant to any applicable guarantee provided to us by the parent company of the clearing firm . thereafter , if the payment default remains unsatisfied , we would use the corporate contributions designated for the respective financial safeguard package . we would then use guaranty fund contributions of other clearing firms within the respective financial safeguard package and funds collected through an assessment against solvent clearing firms within the respective financial safeguard package to satisfy the deficit . we maintain a $ 5.0 billion 364-day multi-currency line of credit with a consortium of domestic and international banks to be used in certain situations by cme clearing . we have the option to request an increase in the line from $ 5.0 billion to $ 7.0 billion . we may use the proceeds to provide temporary liquidity in the unlikely event of a clearing firm default , in the event of a liquidity constraint or default by a depositary ( custodian of the collateral ) , or in the event of a temporary disruption with the payments systems that would delay payment of settlement variation between us and our clearing firms . the credit agreement requires us to pledge certain assets to the line of credit custodian prior to drawing on the line of credit . pledged assets may include clearing firm guaranty fund deposits held by us in the form of u.s . treasury or agency securities , as well as select money market mutual funds approved for our select interest earning facility ( ief ) programs . performance bond collateral of a defaulting clearing firm may also be used to secure a draw on the line . in addition to the 364-day multi- currency line of credit , we also have the option to use our $ 1.8 billion multi-currency revolving senior credit facility to provide liquidity for our clearing house in the unlikely event of default . aggregate performance bond deposits for clearing firms for all three cme financial safeguard packages was $ 86.8 billion , including $ 5.6 billion of cash performance bond deposits and $ 4.2 billion of letters of credit . a defaulting firm 2019s performance bond deposits can be used in the event of default of that clearing firm . the following shows the available assets at december 31 , 2012 in the event of a payment default by a clearing firm for the base financial safeguard package after first utilizing the defaulting firm 2019s available assets : ( in millions ) cme clearing available assets designated corporate contributions for futures and options ( 1 ) . . . . . . . . $ 100.0 guaranty fund contributions ( 2 ) . . . . . 2899.5 assessment powers ( 3 ) . . . . . . . . . . . . 7973.6 minimum total assets available for default ( 4 ) . . . . . . . . . . . . . . . . . . . . $ 10973.1 ( 1 ) cme clearing designates $ 100.0 million of corporate contributions to satisfy a clearing firm default in the event that the defaulting clearing firm 2019s guaranty contributions and performance bonds do not satisfy the deficit . ( 2 ) guaranty fund contributions of clearing firms include guaranty fund contributions required of clearing firms , but do not include any excess deposits held by us at the direction of clearing firms . ( 3 ) in the event of a clearing firm default , if a loss continues to exist after the utilization of the assets of the defaulted firm , our designated working capital and the non-defaulting clearing firms 2019 guaranty fund contributions , we have the right to assess all non-defaulting clearing members as defined in the rules governing the guaranty fund . ( 4 ) represents the aggregate minimum resources available to satisfy any obligations not met by a defaulting firm subsequent to the liquidation of the defaulting firm 2019s performance bond collateral. .
Question:
what was the percent of minimum total assets available for default that was guaranty fund contributions ( 2 )
Important information:
text_41: 7973.6 minimum total assets available for default ( 4 ) .
table_2: ( in millions ) the guaranty fund contributions ( 2 ) of cme clearingavailable assets is 2899.5 ;
table_4: ( in millions ) the minimum total assets available for default ( 4 ) of cme clearingavailable assets is $ 10973.1 ;
Reasoning Steps:
Step: divide2-1(2899.5, 10973.1) = 26.4%
Program:
divide(2899.5, 10973.1)
Program (Nested):
divide(2899.5, 10973.1)
| finqa269 |
considering the gaap basis , what was the growth observed in the effective tax rate during 2012 and 2013?
Important information:
text_0: shutdown .
text_17: interest expense .
text_30: 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively .
Reasoning Steps:
Step: minus2-1(22.8%, 21.9%) = 0.9%
Program:
subtract(22.8%, 21.9%)
Program (Nested):
subtract(22.8%, 21.9%)
| 0.009 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
shutdown . the customer , which primarily received products from the tonnage gases segment , filed for bankruptcy in may 2012 and announced the mill shutdown in august 2012 . pension settlement loss our u.s . supplemental pension plan provides for a lump sum benefit payment option at the time of retirement , or for corporate officers , six months after the retirement date . pension settlements are recognized when cash payments exceed the sum of the service and interest cost components of net periodic pension cost of the plan for the fiscal year . the participant 2019s vested benefit is considered fully settled upon cash payment of the lump sum . we recognized $ 12.4 of settlement charges in 2013 . advisory costs during the fourth quarter of 2013 , we incurred legal and other advisory fees of $ 10.1 ( $ 6.4 after-tax , or $ .03 per share ) in connection with our response to the rapid acquisition of a large position in shares of our common stock by pershing square capital management llc and its affiliates ( pershing square ) . these fees , which are reflected on the consolidated income statements as 201cadvisory costs , 201d include costs incurred before and after pershing square 2019s disclosure of its holdings and cover advisory services related to the adoption of the shareholders rights plan , preparation for a potential proxy solicitation campaign , and entering into an agreement with pershing square . other income ( expense ) , net items recorded to other income ( expense ) , net arise from transactions and events not directly related to our principal income earning activities . the detail of other income ( expense ) , net is presented in note 23 , supplemental information , to the consolidated financial statements . 2013 vs . 2012 other income ( expense ) , net of $ 70.2 increased $ 23.1 , primarily due to higher gains from the sale of a number of small assets and investments and a favorable commercial contract settlement , partially offset by lower government grants . otherwise , no individual items were significant in comparison to the prior year . 2012 vs . 2011 other income ( expense ) , net of $ 47.1 increased $ 5.4 , primarily due to favorable foreign exchange and reimbursements from government grants for expense , partially offset by lower gains from the sale of assets . otherwise , no individual items were significant in comparison to the prior year . interest expense .
Table
| 2013 | 2012 | 2011
interest incurred | $ 167.6 | $ 153.9 | $ 138.2
less : capitalized interest | 25.8 | 30.2 | 22.7
interest expense | $ 141.8 | $ 123.7 | $ 115.5
2013 vs . 2012 interest incurred increased $ 13.7 . the increase was driven primarily by a higher average debt balance for $ 41 , partially offset by a lower average interest rate on the debt portfolio of $ 24 . the change in capitalized interest was driven by a decrease in project spending and a lower average interest rate . 2012 vs . 2011 interest incurred increased $ 15.7 . the increase was driven primarily by a higher average debt balance and debt issuance costs related to the indura s.a . acquisition , partially offset by the impact of a stronger dollar on the translation of foreign currency interest . the change in capitalized interest was driven by an increase in project spending which qualified for capitalization . effective tax rate the effective tax rate equals the income tax provision divided by income from continuing operations before taxes . refer to note 22 , income taxes , to the consolidated financial statements for details on factors affecting the effective tax rate . 2013 vs . 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively . the current year rate includes income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs . the prior year rate includes income tax benefits of $ 105.0 related to the business restructuring and cost reduction plans , $ 58.3 related to the second quarter spanish tax ruling , and $ 3.7 related to the customer .
Question:
considering the gaap basis , what was the growth observed in the effective tax rate during 2012 and 2013?
Important information:
text_0: shutdown .
text_17: interest expense .
text_30: 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively .
Reasoning Steps:
Step: minus2-1(22.8%, 21.9%) = 0.9%
Program:
subtract(22.8%, 21.9%)
Program (Nested):
subtract(22.8%, 21.9%)
| finqa270 |
for the year ended december 302007 what was the net margin
Important information:
table_1: the revenue of year ended december 30 2007 is $ 366854 ; the revenue of year ended december 31 2006 is $ 187103 ;
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_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: divide1-1(17388, 366854) = 4.7%
Program:
divide(17388, 366854)
Program (Nested):
divide(17388, 366854)
| 0.0474 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
for the year ended december 302007 what was the net margin
Important information:
table_1: the revenue of year ended december 30 2007 is $ 366854 ; the revenue of year ended december 31 2006 is $ 187103 ;
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_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: divide1-1(17388, 366854) = 4.7%
Program:
divide(17388, 366854)
Program (Nested):
divide(17388, 366854)
| finqa271 |
what is the percentage increase in total accumulated other comprehensive losses from 2013 to 2014?
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: minus2-1(6826, 4190) = 2636
Step: divide2-2(#0, 4190) = 62.9%
Program:
subtract(6826, 4190), divide(#0, 4190)
Program (Nested):
divide(subtract(6826, 4190), 4190)
| 0.62912 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 2013 to 2014?
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: minus2-1(6826, 4190) = 2636
Step: divide2-2(#0, 4190) = 62.9%
Program:
subtract(6826, 4190), divide(#0, 4190)
Program (Nested):
divide(subtract(6826, 4190), 4190)
| finqa272 |
what is the net change in net revenue during 2016 for entergy texas , inc.?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 637.2 ;
table_7: the other of amount ( in millions ) is -4.3 ( 4.3 ) ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 644.2 ;
Reasoning Steps:
Step: minus2-1(644.2, 637.2) = 7
Program:
subtract(644.2, 637.2)
Program (Nested):
subtract(644.2, 637.2)
| 7.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 37.9 million primarily due to lower other operation and maintenance expenses , the asset write-off of its receivable associated with the spindletop gas storage facility in 2015 , and higher net revenue . 2015 compared to 2014 net income decreased $ 5.2 million primarily due to the asset write-off of its receivable associated with the spindletop gas storage facility and higher other operation and maintenance expenses , partially offset by higher net revenue and a lower effective tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .
Table
| amount ( in millions )
2015 net revenue | $ 637.2
reserve equalization | 14.3
purchased power capacity | 12.4
transmission revenue | 7.0
retail electric price | 5.4
net wholesale | -27.8 ( 27.8 )
other | -4.3 ( 4.3 )
2016 net revenue | $ 644.2
the reserve equalization variance is primarily due to a reduction in reserve equalization expense primarily due to changes in the entergy system generation mix compared to the same period in 2015 as a result of the execution of a new purchased power agreement and entergy mississippi 2019s exit from the system agreement , each in november 2015 , and entergy texas 2019s exit from the system agreement in august 2016 . see note 2 to the financial statements for a discussion of the system agreement . the purchased power capacity variance is primarily due to decreased expenses due to the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016 , as well as capacity cost changes for ongoing purchased power capacity contracts . the transmission revenue variance is primarily due to an increase in attachment o rates charged by miso to transmission customers and a settlement of attachment o rates previously billed to transmission customers by miso. .
Question:
what is the net change in net revenue during 2016 for entergy texas , inc.?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 637.2 ;
table_7: the other of amount ( in millions ) is -4.3 ( 4.3 ) ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 644.2 ;
Reasoning Steps:
Step: minus2-1(644.2, 637.2) = 7
Program:
subtract(644.2, 637.2)
Program (Nested):
subtract(644.2, 637.2)
| finqa273 |
what was the percentage cumulative 5-year total stockholder return for cadence design systems inc . 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_3: the s&p 500 of 12/28/2013 is 100.00 ; the s&p 500 of 1/3/2015 is 110.28 ; the s&p 500 of 1/2/2016 is 109.54 ; the s&p 500 of 12/31/2016 is 129.05 ; the s&p 500 of 12/30/2017 is 157.22 ; the s&p 500 of 12/29/2018 is 150.33 ;
Reasoning Steps:
Step: minus1-1(311.13, const_100) = 211.13
Step: divide1-2(#0, const_100) = 211.13%
Program:
subtract(311.13, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(311.13, const_100), const_100)
| 2.1113 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 percentage cumulative 5-year total stockholder return for cadence design systems inc . 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_3: the s&p 500 of 12/28/2013 is 100.00 ; the s&p 500 of 1/3/2015 is 110.28 ; the s&p 500 of 1/2/2016 is 109.54 ; the s&p 500 of 12/31/2016 is 129.05 ; the s&p 500 of 12/30/2017 is 157.22 ; the s&p 500 of 12/29/2018 is 150.33 ;
Reasoning Steps:
Step: minus1-1(311.13, const_100) = 211.13
Step: divide1-2(#0, const_100) = 211.13%
Program:
subtract(311.13, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(311.13, const_100), const_100)
| finqa274 |
what was the ratio of the snap-on 2019s performance to that of the standard & poor 2019s 500 stock index in 2012
Important information:
text_1: the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group .
table_1: fiscal year ended ( 2 ) the december 31 2007 of snap-onincorporated is $ 100.00 ; the december 31 2007 of peer group ( 3 ) is $ 100.00 ; the december 31 2007 of s&p 500 is $ 100.00 ;
table_6: fiscal year ended ( 2 ) the december 31 2012 of snap-onincorporated is 187.26 ; the december 31 2012 of peer group ( 3 ) is 129.00 ; the december 31 2012 of s&p 500 is 108.59 ;
Reasoning Steps:
Step: divide1-1(187.26, 108.59) = 1.72
Program:
divide(187.26, 108.59)
Program (Nested):
divide(187.26, 108.59)
| 1.72447 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31 , 2007 , assuming that dividends were reinvested . the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group . snap-on incorporated total shareholder return ( 1 ) fiscal year ended ( 2 ) snap-on incorporated peer group ( 3 ) s&p 500 .
Table
fiscal year ended ( 2 ) | snap-onincorporated | peer group ( 3 ) | s&p 500
december 31 2007 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2008 | 83.66 | 66.15 | 63.00
december 31 2009 | 93.20 | 84.12 | 79.67
december 31 2010 | 128.21 | 112.02 | 91.67
december 31 2011 | 117.47 | 109.70 | 93.61
december 31 2012 | 187.26 | 129.00 | 108.59
( 1 ) assumes $ 100 was invested on december 31 , 2007 , and that dividends were reinvested quarterly . ( 2 ) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year ; for ease of calculation , the fiscal year end is assumed to be december 31 . ( 3 ) the peer group consists of : stanley black & decker , inc. , danaher corporation , emerson electric co. , genuine parts company , newell rubbermaid inc. , pentair ltd. , spx corporation and w.w . grainger , inc . cooper industries plc , a former member of the peer group , was removed , as it was acquired by a larger , non-comparable company in 2012 . 2012 annual report 23 snap-on incorporated peer group s&p 500 2007 2008 201120102009 2012 .
Question:
what was the ratio of the snap-on 2019s performance to that of the standard & poor 2019s 500 stock index in 2012
Important information:
text_1: the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group .
table_1: fiscal year ended ( 2 ) the december 31 2007 of snap-onincorporated is $ 100.00 ; the december 31 2007 of peer group ( 3 ) is $ 100.00 ; the december 31 2007 of s&p 500 is $ 100.00 ;
table_6: fiscal year ended ( 2 ) the december 31 2012 of snap-onincorporated is 187.26 ; the december 31 2012 of peer group ( 3 ) is 129.00 ; the december 31 2012 of s&p 500 is 108.59 ;
Reasoning Steps:
Step: divide1-1(187.26, 108.59) = 1.72
Program:
divide(187.26, 108.59)
Program (Nested):
divide(187.26, 108.59)
| finqa275 |
what was the total revenues in 2009 based on the consulting segment generated 17% ( 17 % ) of our consolidated total revenues in millions
Important information:
text_7: consulting .
table_1: years ended december 31, the segment revenue of 2009 is $ 1267 ; the segment revenue of 2008 is $ 1356 ; the segment revenue of 2007 is $ 1345 ;
text_8: our consulting segment generated 17% ( 17 % ) of our consolidated total revenues in 2009 and provides a broad range of human capital consulting services , as follows : consulting services : 1 .
Reasoning Steps:
Step: divide2-1(1267, 17%) = 7452.94
Program:
divide(1267, 17%)
Program (Nested):
divide(1267, 17%)
| 7452.94118 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
of exiting a business in japan , economic weakness in asia and political unrest in thailand , partially offset by growth in new zealand and certain emerging markets . reinsurance commissions , fees and other revenue increased 48% ( 48 % ) , due mainly to the benfield merger , partially offset by unfavorable foreign currency translation . organic revenue is even with 2008 , as growth in domestic treaty business and slightly higher pricing was offset by greater client retention , and declines in investment banking and facultative placements . operating income operating income increased $ 54 million or 6% ( 6 % ) from 2008 to $ 900 million in 2009 . in 2009 , operating income margins in this segment were 14.3% ( 14.3 % ) , up 60 basis points from 13.7% ( 13.7 % ) in 2008 . contributing to increased operating income and margins were the merger with benfield , lower e&o costs due to insurance recoveries , a pension curtailment gain of $ 54 million in 2009 versus a curtailment loss of $ 6 million in 2008 , declines in anti-corruption and compliance initiative costs of $ 35 million , restructuring savings , and other cost savings initiatives . these items were partially offset by an increase of $ 140 million in restructuring costs , $ 95 million of lower fiduciary investment income , benfield integration costs and higher amortization of intangible assets obtained in the merger , and unfavorable foreign currency translation . consulting .
Table
years ended december 31, | 2009 | 2008 | 2007
segment revenue | $ 1267 | $ 1356 | $ 1345
segment operating income | 203 | 208 | 180
segment operating income margin | 16.0% ( 16.0 % ) | 15.3% ( 15.3 % ) | 13.4% ( 13.4 % )
our consulting segment generated 17% ( 17 % ) of our consolidated total revenues in 2009 and provides a broad range of human capital consulting services , as follows : consulting services : 1 . health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees . benefits consulting include health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services . 2 . retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration . 3 . compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries . 4 . strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management . outsourcing offers employment processing , performance improvement , benefits administration and other employment-related services . beginning in late 2008 and continuing throughout 2009 , the disruption in the global credit markets and the deterioration of the financial markets has created significant uncertainty in the marketplace . the prolonged economic downturn is adversely impacting our clients 2019 financial condition and the levels of business activities in the industries and geographies where we operate . while we believe that the majority of our practices are well positioned to manage through this time , these challenges are reducing demand for some of our services and depressing the price of those services , which is having an adverse effect on our new business and results of operations. .
Question:
what was the total revenues in 2009 based on the consulting segment generated 17% ( 17 % ) of our consolidated total revenues in millions
Important information:
text_7: consulting .
table_1: years ended december 31, the segment revenue of 2009 is $ 1267 ; the segment revenue of 2008 is $ 1356 ; the segment revenue of 2007 is $ 1345 ;
text_8: our consulting segment generated 17% ( 17 % ) of our consolidated total revenues in 2009 and provides a broad range of human capital consulting services , as follows : consulting services : 1 .
Reasoning Steps:
Step: divide2-1(1267, 17%) = 7452.94
Program:
divide(1267, 17%)
Program (Nested):
divide(1267, 17%)
| finqa276 |
what is the percentage of allowance of the company's purchased distressed loan portfolio at december 31 , 2010?
Important information:
text_6: the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 .
table_1: in millions of dollars the beginning balance of accretable yield is $ 27 ; the beginning balance of carrying amount of loan receivable is $ 920 ; the beginning balance of allowance is $ 95 ;
table_8: in millions of dollars the balance at december 31 2010 ( 2 ) of accretable yield is $ 116 ; the balance at december 31 2010 ( 2 ) of carrying amount of loan receivable is $ 469 ; the balance at december 31 2010 ( 2 ) of allowance is $ 77 ;
Reasoning Steps:
Step: add2-1(392, 77) = 469
Step: divide2-2(77, #0) = 16%
Program:
add(392, 77), divide(77, #0)
Program (Nested):
divide(77, add(392, 77))
| 0.16418 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
included in the corporate and consumer loan tables above are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup . in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield . accordingly , these loans have been excluded from the impaired loan information presented above . in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield . however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield . where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method . the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 . the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2010 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance .
Table
in millions of dollars | accretable yield | carrying amount of loan receivable | allowance
beginning balance | $ 27 | $ 920 | $ 95
purchases ( 1 ) | 1 | 130 | 2014
disposals/payments received | -11 ( 11 ) | -594 ( 594 ) | 2014
accretion | -44 ( 44 ) | 44 | 2014
builds ( reductions ) to the allowance | 128 | 2014 | -18 ( 18 )
increase to expected cash flows | -2 ( 2 ) | 19 | 2014
fx/other | 17 | -50 ( 50 ) | 2014
balance at december 31 2010 ( 2 ) | $ 116 | $ 469 | $ 77
( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 130 million of purchased loans accounted for under the level-yield method and $ 0 under the cost-recovery method . these balances represent the fair value of these loans at their acquisition date . the related total expected cash flows for the level-yield loans were $ 131 million at their acquisition dates . ( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 315 million of loans accounted for under the level-yield method and $ 154 million accounted for under the cost-recovery method. .
Question:
what is the percentage of allowance of the company's purchased distressed loan portfolio at december 31 , 2010?
Important information:
text_6: the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 .
table_1: in millions of dollars the beginning balance of accretable yield is $ 27 ; the beginning balance of carrying amount of loan receivable is $ 920 ; the beginning balance of allowance is $ 95 ;
table_8: in millions of dollars the balance at december 31 2010 ( 2 ) of accretable yield is $ 116 ; the balance at december 31 2010 ( 2 ) of carrying amount of loan receivable is $ 469 ; the balance at december 31 2010 ( 2 ) of allowance is $ 77 ;
Reasoning Steps:
Step: add2-1(392, 77) = 469
Step: divide2-2(77, #0) = 16%
Program:
add(392, 77), divide(77, #0)
Program (Nested):
divide(77, add(392, 77))
| finqa277 |
what was highest net rental expense in millions?
Important information:
text_1: operating lease rental expense was : ( in millions ) 2009 2008 2007 minimum rental ( a ) $ 238 $ 245 $ 209 .
table_1: ( in millions ) the minimum rental ( a ) of 2009 is $ 238 ; the minimum rental ( a ) of 2008 is $ 245 ; the minimum rental ( a ) of 2007 is $ 209 ;
table_3: ( in millions ) the net rental expense of 2009 is $ 257 ; the net rental expense of 2008 is $ 267 ; the net rental expense of 2007 is $ 242 ;
Reasoning Steps:
Step: max2-1(net rental expense, none) = 267
Program:
table_max(net rental expense, none)
Program (Nested):
table_max(net rental expense, none)
| 267.0 | 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:
marathon oil corporation notes to consolidated financial statements of the $ 446 million present value of net minimum capital lease payments , $ 53 million was related to obligations assumed by united states steel under the financial matters agreement . operating lease rental expense was : ( in millions ) 2009 2008 2007 minimum rental ( a ) $ 238 $ 245 $ 209 .
Table
( in millions ) | 2009 | 2008 | 2007
minimum rental ( a ) | $ 238 | $ 245 | $ 209
contingent rental | 19 | 22 | 33
net rental expense | $ 257 | $ 267 | $ 242
( a ) excludes $ 3 million , $ 5 million and $ 8 million paid by united states steel in 2009 , 2008 and 2007 on assumed leases . 26 . commitments and contingencies we are the subject of , or party to , a number of pending or threatened legal actions , contingencies and commitments involving a variety of matters , including laws and regulations relating to the environment . certain of these matters are discussed below . the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements . however , management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably . environmental matters 2013 we are subject to federal , state , local and foreign laws and regulations relating to the environment . these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites . penalties may be imposed for noncompliance . at december 31 , 2009 and 2008 , accrued liabilities for remediation totaled $ 116 million and $ 111 million . it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed . receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets , were $ 59 and $ 60 million at december 31 , 2009 and 2008 . legal cases 2013 we , along with other refining companies , settled a number of lawsuits pertaining to methyl tertiary-butyl ether ( 201cmtbe 201d ) in 2008 . presently , we are a defendant , along with other refining companies , in 27 cases arising in four states alleging damages for mtbe contamination . like the cases that we settled in 2008 , 12 of the remaining cases are consolidated in a multi-district litigation ( 201cmdl 201d ) in the southern district of new york for pretrial proceedings . the other 15 cases are in new york state courts ( nassau and suffolk counties ) . plaintiffs in 26 of the 27 cases allege damages to water supply wells from contamination of groundwater by mtbe , similar to the damages claimed in the cases settled in 2008 . in the remaining case , the new jersey department of environmental protection is seeking the cost of remediating mtbe contamination and natural resources damages allegedly resulting from contamination of groundwater by mtbe . we are vigorously defending these cases . we have engaged in settlement discussions related to the majority of these cases . we do not expect our share of liability for these cases to significantly impact our consolidated results of operations , financial position or cash flows . we voluntarily discontinued producing mtbe in 2002 . we are currently a party to one qui tam case , which alleges that marathon and other defendants violated the false claims act with respect to the reporting and payment of royalties on natural gas and natural gas liquids for federal and indian leases . a qui tam action is an action in which the relator files suit on behalf of himself as well as the federal government . the case currently pending is u.s . ex rel harrold e . wright v . agip petroleum co . et al . it is primarily a gas valuation case . marathon has reached a settlement with the relator and the doj which will be finalized after the indian tribes review and approve the settlement terms . such settlement is not expected to significantly impact our consolidated results of operations , financial position or cash flows . guarantees 2013 we have provided certain guarantees , direct and indirect , of the indebtedness of other companies . under the terms of most of these guarantee arrangements , we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements . in addition to these financial guarantees , we also have various performance guarantees related to specific agreements. .
Question:
what was highest net rental expense in millions?
Important information:
text_1: operating lease rental expense was : ( in millions ) 2009 2008 2007 minimum rental ( a ) $ 238 $ 245 $ 209 .
table_1: ( in millions ) the minimum rental ( a ) of 2009 is $ 238 ; the minimum rental ( a ) of 2008 is $ 245 ; the minimum rental ( a ) of 2007 is $ 209 ;
table_3: ( in millions ) the net rental expense of 2009 is $ 257 ; the net rental expense of 2008 is $ 267 ; the net rental expense of 2007 is $ 242 ;
Reasoning Steps:
Step: max2-1(net rental expense, none) = 267
Program:
table_max(net rental expense, none)
Program (Nested):
table_max(net rental expense, none)
| finqa278 |
what would the investment income ( loss ) have been in 2015 without the gain from the sale of shares of arris group common stock in 2014?
Important information:
table_2: year ended december 31 ( in millions ) the investment income ( loss ) net of 2015 is 81 ; the investment income ( loss ) net of 2014 is 296 ; the investment income ( loss ) net of 2013 is 576 ;
text_3: investment income ( loss ) , net the change in investment income ( loss ) , net in 2015 was primarily due to a $ 154 million gain related to the sale of our shares of arris group common stock in 2014 .
text_15: other income ( expense ) , net other income ( expense ) , net for 2015 included gains of $ 335 million on the sales of a business and an invest- ment , $ 240 million recorded on the settlement of a contingent consideration liability with general electric company ( 201cge 201d ) related to the acquisition of nbcuniversal , and $ 43 million related to an equity method investment .
Reasoning Steps:
Step: minus1-1(81, 154) = -73
Program:
subtract(81, 154)
Program (Nested):
subtract(81, 154)
| -73.0 | 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:
consolidated other income ( expense ) items , net .
Table
year ended december 31 ( in millions ) | 2015 | 2014 | 2013
interest expense | $ -2702 ( 2702 ) | $ -2617 ( 2617 ) | $ -2574 ( 2574 )
investment income ( loss ) net | 81 | 296 | 576
equity in net income ( losses ) of investees net | -325 ( 325 ) | 97 | -86 ( 86 )
other income ( expense ) net | 320 | -215 ( 215 ) | -364 ( 364 )
total | $ -2626 ( 2626 ) | $ -2439 ( 2439 ) | $ -2448 ( 2448 )
interest expense interest expense increased in 2015 primarily due to an increase in our debt outstanding and $ 47 million of additional interest expense associated with the early redemption in june 2015 of our $ 750 million aggregate principal amount of 5.85% ( 5.85 % ) senior notes due november 2015 and our $ 1.0 billion aggregate principal amount of 5.90% ( 5.90 % ) senior notes due march 2016 . interest expense increased in 2014 primarily due to the effect of our interest rate derivative financial instruments . investment income ( loss ) , net the change in investment income ( loss ) , net in 2015 was primarily due to a $ 154 million gain related to the sale of our shares of arris group common stock in 2014 . the change in investment income ( loss ) , net in 2014 was primarily due to a $ 443 million gain related to the sale of our investment in clearwire corporation in 2013 . the components of investment income ( loss ) , net are presented in a table in note 7 to comcast 2019s consolidated financial statements . equity in net income ( losses ) of investees , net the change in equity in net income ( losses ) of investees , net in 2015 was primarily due to twcc holding corp . ( 201cthe weather channel 201d ) recording impairment charges related to goodwill . we recorded expenses of $ 333 million in 2015 that represent nbcuniversal 2019s proportionate share of these impairment charges . the change in 2015 was also due to an increase in our proportionate share of losses in hulu , llc ( 201chulu 201d ) , which were driven by hulu 2019s higher programming and marketing costs . in 2015 and 2014 , we recognized our pro- portionate share of losses of $ 106 million and $ 20 million , respectively , related to our investment in hulu . the change in equity in net income ( losses ) of investees , net in 2014 was primarily due to $ 142 million of total equity losses recorded in 2013 attributable to our investment in hulu . in july 2013 , we entered into an agreement to provide capital contributions totaling $ 247 million to hulu , which we had previously accounted for as a cost method investment . this represented an agreement to provide our first capital contribution to hulu since we acquired our interest in it as part of our acquisition of a controlling interest in nbcuniversal in 2011 ( the 201cnbcuniversal transaction 201d ) ; therefore , we began to apply the equity method of accounting for this investment . the change in the method of accounting for this investment required us to recognize our propor- tionate share of hulu 2019s accumulated losses from the date of the nbcuniversal transaction through july 2013 . other income ( expense ) , net other income ( expense ) , net for 2015 included gains of $ 335 million on the sales of a business and an invest- ment , $ 240 million recorded on the settlement of a contingent consideration liability with general electric company ( 201cge 201d ) related to the acquisition of nbcuniversal , and $ 43 million related to an equity method investment . these gains were partially offset by $ 236 million of expenses related to fair value adjustments to a contractual obligation . see note 11 to comcast 2019s consolidated financial statements for additional information on this contractual obligation . other income ( expense ) , net for 2014 included a $ 27 million favorable settlement of a contingency related to the at&t broadband transaction in 2002 , which was more than offset by $ 208 million of expenses related to 61 comcast 2015 annual report on form 10-k .
Question:
what would the investment income ( loss ) have been in 2015 without the gain from the sale of shares of arris group common stock in 2014?
Important information:
table_2: year ended december 31 ( in millions ) the investment income ( loss ) net of 2015 is 81 ; the investment income ( loss ) net of 2014 is 296 ; the investment income ( loss ) net of 2013 is 576 ;
text_3: investment income ( loss ) , net the change in investment income ( loss ) , net in 2015 was primarily due to a $ 154 million gain related to the sale of our shares of arris group common stock in 2014 .
text_15: other income ( expense ) , net other income ( expense ) , net for 2015 included gains of $ 335 million on the sales of a business and an invest- ment , $ 240 million recorded on the settlement of a contingent consideration liability with general electric company ( 201cge 201d ) related to the acquisition of nbcuniversal , and $ 43 million related to an equity method investment .
Reasoning Steps:
Step: minus1-1(81, 154) = -73
Program:
subtract(81, 154)
Program (Nested):
subtract(81, 154)
| finqa279 |
what is the current ratio of robert mondavi?
Important information:
text_11: total con- sideration paid in cash to the robert mondavi shareholders was $ 1030.7 million .
table_3: current assets the trademarks of $ 513782 is 138000 ;
table_6: current assets the current liabilities of $ 513782 is 310919 ;
Reasoning Steps:
Step: divide1-1(513782, 310919) = 1.7
Program:
divide(513782, 310919)
Program (Nested):
divide(513782, 310919)
| 1.65246 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 is the current ratio of robert mondavi?
Important information:
text_11: total con- sideration paid in cash to the robert mondavi shareholders was $ 1030.7 million .
table_3: current assets the trademarks of $ 513782 is 138000 ;
table_6: current assets the current liabilities of $ 513782 is 310919 ;
Reasoning Steps:
Step: divide1-1(513782, 310919) = 1.7
Program:
divide(513782, 310919)
Program (Nested):
divide(513782, 310919)
| finqa280 |
what is the percent change in earnings for non-utility nuclear from 2001 to 2002?
Important information:
text_5: 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 .
text_6: 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 .
text_7: following are key performance measures for non-utility nuclear: .
Reasoning Steps:
Step: minus1-1(201, 128) = 73
Step: divide1-2(#0, 128) = 57.0%
Program:
subtract(201, 128), divide(#0, 128)
Program (Nested):
divide(subtract(201, 128), 128)
| 0.57031 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
what is the percent change in earnings for non-utility nuclear from 2001 to 2002?
Important information:
text_5: 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 .
text_6: 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 .
text_7: following are key performance measures for non-utility nuclear: .
Reasoning Steps:
Step: minus1-1(201, 128) = 73
Step: divide1-2(#0, 128) = 57.0%
Program:
subtract(201, 128), divide(#0, 128)
Program (Nested):
divide(subtract(201, 128), 128)
| finqa281 |
what were average backlog at year-end for mfc from 2013 to 2015 in millions?
Important information:
table_1: the net sales of 2015 is $ 6770 ; the net sales of 2014 is $ 7092 ; the net sales of 2013 is $ 6795 ;
table_4: the backlog at year-end of 2015 is $ 15500 ; the backlog at year-end of 2014 is $ 13300 ; the backlog at year-end of 2013 is $ 14300 ;
text_12: the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries .
Reasoning Steps:
Step: add2-1(15500, 13300) = 28800
Step: add2-2(#0, 14300) = 43100
Step: divide2-3(#1, const_3) = 14367
Program:
add(15500, 13300), add(#0, 14300), divide(#1, const_3)
Program (Nested):
divide(add(add(15500, 13300), 14300), const_3)
| 14366.66667 | 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:
backlog backlog decreased in 2015 compared to 2014 primarily due to sales being recognized on several multi-year programs ( such as hmsc , nisc iii , ciog and nsf asc ) related to prior year awards and a limited number of large new business awards . backlog decreased in 2014 compared to 2013 primarily due to lower customer funding levels and declining activities on direct warfighter support programs impacted by defense budget reductions . trends we expect is&gs 2019 2016 net sales to decline in the high-single digit percentage range as compared to 2015 , primarily driven by key loss contracts in an increasingly competitive environment , along with volume contraction on the segment 2019s major contracts . operating profit is expected to decline at a higher percentage range in 2016 , as compared to net sales percentage declines , driven by higher margin program losses and re-compete programs awarded at lower margins . accordingly , 2016 margins are expected to be lower than 2015 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics ; fire control systems ; mission operations support , readiness , engineering support and integration services ; manned and unmanned ground vehicles ; and energy management solutions . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : .
Table
| 2015 | 2014 | 2013
net sales | $ 6770 | $ 7092 | $ 6795
operating profit | 1282 | 1344 | 1379
operating margins | 18.9% ( 18.9 % ) | 19.0% ( 19.0 % ) | 20.3% ( 20.3 % )
backlog at year-end | $ 15500 | $ 13300 | $ 14300
2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 . the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire . these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume . mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 . the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries . these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 . 2014 compared to 2013 mfc 2019s net sales increased $ 297 million , or 4% ( 4 % ) , in 2014 as compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 180 million for air and missile defense programs primarily due to increased volume for thaad ; about $ 115 million for fire control programs due to increased deliveries ( including apache ) ; and about $ 125 million for various other programs due to increased volume . these increases were partially offset by lower net sales of approximately $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery rocket system and army tactical missile system ) . mfc 2019s operating profit decreased $ 35 million , or 3% ( 3 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower operating profit of about $ 20 million for tactical missile programs due to net warranty reserve adjustments for various programs ( including jassm and gmlrs ) and fewer deliveries ; and approximately $ 45 million for various other programs due to lower risk retirements . the decreases were offset by higher operating profit of approximately $ 20 million for air and missile defense programs due to increased volume ( primarily thaad and pac-3 ) ; and about .
Question:
what were average backlog at year-end for mfc from 2013 to 2015 in millions?
Important information:
table_1: the net sales of 2015 is $ 6770 ; the net sales of 2014 is $ 7092 ; the net sales of 2013 is $ 6795 ;
table_4: the backlog at year-end of 2015 is $ 15500 ; the backlog at year-end of 2014 is $ 13300 ; the backlog at year-end of 2013 is $ 14300 ;
text_12: the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries .
Reasoning Steps:
Step: add2-1(15500, 13300) = 28800
Step: add2-2(#0, 14300) = 43100
Step: divide2-3(#1, const_3) = 14367
Program:
add(15500, 13300), add(#0, 14300), divide(#1, const_3)
Program (Nested):
divide(add(add(15500, 13300), 14300), const_3)
| finqa282 |
as of december 31 , 2015 what was the percentage decline in the gross unrecognized tax benefits from 2014 to 2015
Important information:
table_1: the balance at beginning of year of 2015 is $ 70.1 ; the balance at beginning of year of 2014 is $ 72.0 ; the balance at beginning of year of 2013 is $ 84.7 ;
table_7: the balance at end of year of 2015 is $ 47.0 ; the balance at end of year of 2014 is $ 70.1 ; the balance at end of year of 2013 is $ 72.0 ;
text_3: during 2014 , we settled tax matters in various jurisdictions and reduced our gross unrecognized tax benefits by $ 1.5 million .
Reasoning Steps:
Step: minus1-1(47.0, 70.1) = -23.1
Step: divide1-2(#0, 70.1) = -32.9%
Program:
subtract(47.0, 70.1), divide(#0, 70.1)
Program (Nested):
divide(subtract(47.0, 70.1), 70.1)
| -0.32953 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
as of december 31 , 2015 what was the percentage decline in the gross unrecognized tax benefits from 2014 to 2015
Important information:
table_1: the balance at beginning of year of 2015 is $ 70.1 ; the balance at beginning of year of 2014 is $ 72.0 ; the balance at beginning of year of 2013 is $ 84.7 ;
table_7: the balance at end of year of 2015 is $ 47.0 ; the balance at end of year of 2014 is $ 70.1 ; the balance at end of year of 2013 is $ 72.0 ;
text_3: during 2014 , we settled tax matters in various jurisdictions and reduced our gross unrecognized tax benefits by $ 1.5 million .
Reasoning Steps:
Step: minus1-1(47.0, 70.1) = -23.1
Step: divide1-2(#0, 70.1) = -32.9%
Program:
subtract(47.0, 70.1), divide(#0, 70.1)
Program (Nested):
divide(subtract(47.0, 70.1), 70.1)
| finqa283 |
what is the growth rate in the number of stores during 2011?
Important information:
table_1: the beginning stores of 2012 is 3460 ; the beginning stores of 2011 is 3369 ; the beginning stores of 2010 is 3264 ; the beginning stores of 2009 is 3243 ; the beginning stores of 2008 is 3153 ;
table_2: the new stores ( 1 ) of 2012 is 116 ; the new stores ( 1 ) of 2011 is 95 ; the new stores ( 1 ) of 2010 is 110 ; the new stores ( 1 ) of 2009 is 75 ; the new stores ( 1 ) of 2008 is 109 ;
table_4: the ending stores of 2012 is 3576 ; the ending stores of 2011 is 3460 ; the ending stores of 2010 is 3369 ; the ending stores of 2009 is 3264 ; the ending stores of 2008 is 3243 ;
Reasoning Steps:
Step: minus2-1(3460, 3369) = 91
Step: divide2-2(#0, 3369) = 2.7%
Program:
subtract(3460, 3369), divide(#0, 3369)
Program (Nested):
divide(subtract(3460, 3369), 3369)
| 0.02701 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 sets forth information concerning increases in the total number of our aap stores during the past five years: .
Table
| 2012 | 2011 | 2010 | 2009 | 2008
beginning stores | 3460 | 3369 | 3264 | 3243 | 3153
new stores ( 1 ) | 116 | 95 | 110 | 75 | 109
stores closed | 2014 | -4 ( 4 ) | -5 ( 5 ) | -54 ( 54 ) | -19 ( 19 )
ending stores | 3576 | 3460 | 3369 | 3264 | 3243
( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores . store technology . our store-based information systems are comprised of a proprietary and integrated point of sale , electronic parts catalog , or epc , and store-level inventory management system ( collectively "store system" ) . information maintained by our store system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly . our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles . our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers . if a hard-to-find part or accessory is not available at one of our stores , the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors . available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time . our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information . we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities . all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability . we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience . among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project . store support center merchandising . purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan . our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals . our global sourcing team works closely with both teams . in fiscal 2012 , we purchased merchandise from approximately 450 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases . our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume . the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand . we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .
Question:
what is the growth rate in the number of stores during 2011?
Important information:
table_1: the beginning stores of 2012 is 3460 ; the beginning stores of 2011 is 3369 ; the beginning stores of 2010 is 3264 ; the beginning stores of 2009 is 3243 ; the beginning stores of 2008 is 3153 ;
table_2: the new stores ( 1 ) of 2012 is 116 ; the new stores ( 1 ) of 2011 is 95 ; the new stores ( 1 ) of 2010 is 110 ; the new stores ( 1 ) of 2009 is 75 ; the new stores ( 1 ) of 2008 is 109 ;
table_4: the ending stores of 2012 is 3576 ; the ending stores of 2011 is 3460 ; the ending stores of 2010 is 3369 ; the ending stores of 2009 is 3264 ; the ending stores of 2008 is 3243 ;
Reasoning Steps:
Step: minus2-1(3460, 3369) = 91
Step: divide2-2(#0, 3369) = 2.7%
Program:
subtract(3460, 3369), divide(#0, 3369)
Program (Nested):
divide(subtract(3460, 3369), 3369)
| finqa284 |
what portion of the company owned facilities are located in europe?
Important information:
text_9: as of december 31 , 2016 , we operated 87 manufacturing and processing facilities .
text_10: we own 83 and lease four of these facilities .
table_3: the europe of owned is 11 ; the europe of leased is 2014 ;
Reasoning Steps:
Step: divide1-1(11, 83) = 13.3%
Program:
divide(11, 83)
Program (Nested):
divide(11, 83)
| 0.13253 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house our executive offices , certain u.s . business units , and our administrative , finance , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 31 , 2016 , we operated 87 manufacturing and processing facilities . we own 83 and lease four of these facilities . our manufacturing and processing facilities count by segment as of december 31 , 2016 was: .
Table
| owned | leased
united states | 43 | 2
canada | 3 | 2014
europe | 11 | 2014
rest of world | 26 | 2
we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2016 , we reorganized our segment structure to move our russia business from the rest of world segment to the europe segment . we have reflected this change in the table above . see note 18 , segment reporting , to the consolidated financial statements for additional information . several of our current manufacturing and processing facilities are scheduled to be closed within the next year . see note 3 , integration and restructuring expenses , to the consolidated financial statements for additional information . item 3 . legal proceedings . we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business . on april 1 , 2015 , the commodity futures trading commission ( 201ccftc 201d ) filed a formal complaint against mondel 0113z international ( formerly known as kraft foods inc. ) and kraft in the u.s . district court for the northern district of illinois , eastern division , related to activities involving the trading of december 2011 wheat futures contracts . the complaint alleges that mondel 0113z international and kraft ( 1 ) manipulated or attempted to manipulate the wheat markets during the fall of 2011 , ( 2 ) violated position limit levels for wheat futures , and ( 3 ) engaged in non-competitive trades by trading both sides of exchange-for-physical chicago board of trade wheat contracts . as previously disclosed by kraft , these activities arose prior to the october 1 , 2012 spin-off of kraft by mondel 0113z international to its shareholders and involve the business now owned and operated by mondel 0113z international or its affiliates . the separation and distribution agreement between kraft and mondel 0113z international , dated as of september 27 , 2012 , governs the allocation of liabilities between mondel 0113z international and kraft and , accordingly , mondel 0113z international will predominantly bear the costs of this matter and any monetary penalties or other payments that the cftc may impose . we do not expect this matter to have a material adverse effect on our financial condition , results of operations , or business . while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations . item 4 . mine safety disclosures . not applicable. .
Question:
what portion of the company owned facilities are located in europe?
Important information:
text_9: as of december 31 , 2016 , we operated 87 manufacturing and processing facilities .
text_10: we own 83 and lease four of these facilities .
table_3: the europe of owned is 11 ; the europe of leased is 2014 ;
Reasoning Steps:
Step: divide1-1(11, 83) = 13.3%
Program:
divide(11, 83)
Program (Nested):
divide(11, 83)
| finqa285 |
what was the average price per share from november to december?
Important information:
table_2: the november 1-30 of total number of shares purchased is 4468 ; the november 1-30 of average price paid per share2 is $ 3.24 ; the november 1-30 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the november 1-30 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
table_3: the december 1-31 of total number of shares purchased is 12850 ; the december 1-31 of average price paid per share2 is $ 3.98 ; the december 1-31 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the december 1-31 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
table_4: the total1 of total number of shares purchased is 47022 ; the total1 of average price paid per share2 is $ 5.18 ; the total1 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the total1 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
Reasoning Steps:
Step: add2-1(3.24, 3.98) = 7.22
Step: divide2-2(#0, const_2) = 3.61
Program:
add(3.24, 3.98), divide(#0, const_2)
Program (Nested):
divide(add(3.24, 3.98), const_2)
| 3.61 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
repurchase of equity securities the following table provides information regarding our purchases of equity securities during the fourth quarter of 2008 : number of shares purchased average paid per share2 total number of shares purchased as part of publicly announced plans or programs maximum number of shares that may yet be purchased under the plans or programs .
Table
| total number of shares purchased | average price paid per share2 | total number of shares purchased as part of publicly announced plans or programs | maximum number ofshares that may yet be purchased under the plans or programs
october 1-31 | 29704 | $ 5.99 | 2014 | 2014
november 1-30 | 4468 | $ 3.24 | 2014 | 2014
december 1-31 | 12850 | $ 3.98 | 2014 | 2014
total1 | 47022 | $ 5.18 | 2014 | 2014
total1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47022 $ 5.18 2014 2014 1 consists of restricted shares of our common stock withheld under the terms of grants under employee stock compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares during each month of the fourth quarter of 2008 ( the 201cwithheld shares 201d ) . 2 the average price per month of the withheld shares was calculated by dividing the aggregate value of the tax withholding obligations for each month by the aggregate number of shares of our common stock withheld each month. .
Question:
what was the average price per share from november to december?
Important information:
table_2: the november 1-30 of total number of shares purchased is 4468 ; the november 1-30 of average price paid per share2 is $ 3.24 ; the november 1-30 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the november 1-30 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
table_3: the december 1-31 of total number of shares purchased is 12850 ; the december 1-31 of average price paid per share2 is $ 3.98 ; the december 1-31 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the december 1-31 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
table_4: the total1 of total number of shares purchased is 47022 ; the total1 of average price paid per share2 is $ 5.18 ; the total1 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the total1 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
Reasoning Steps:
Step: add2-1(3.24, 3.98) = 7.22
Step: divide2-2(#0, const_2) = 3.61
Program:
add(3.24, 3.98), divide(#0, const_2)
Program (Nested):
divide(add(3.24, 3.98), const_2)
| finqa286 |
what is the gross carrying amount in millions of the company's purchased distressed loan portfolio at december 31 , 2010?
Important information:
text_6: the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 .
table_1: in millions of dollars the beginning balance of accretable yield is $ 27 ; the beginning balance of carrying amount of loan receivable is $ 920 ; the beginning balance of allowance is $ 95 ;
table_8: in millions of dollars the balance at december 31 2010 ( 2 ) of accretable yield is $ 116 ; the balance at december 31 2010 ( 2 ) of carrying amount of loan receivable is $ 469 ; the balance at december 31 2010 ( 2 ) of allowance is $ 77 ;
Reasoning Steps:
Step: add1-1(392, 77) = 469
Program:
add(392, 77)
Program (Nested):
add(392, 77)
| 469.0 | 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:
included in the corporate and consumer loan tables above are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup . in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield . accordingly , these loans have been excluded from the impaired loan information presented above . in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield . however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield . where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method . the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 . the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2010 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance .
Table
in millions of dollars | accretable yield | carrying amount of loan receivable | allowance
beginning balance | $ 27 | $ 920 | $ 95
purchases ( 1 ) | 1 | 130 | 2014
disposals/payments received | -11 ( 11 ) | -594 ( 594 ) | 2014
accretion | -44 ( 44 ) | 44 | 2014
builds ( reductions ) to the allowance | 128 | 2014 | -18 ( 18 )
increase to expected cash flows | -2 ( 2 ) | 19 | 2014
fx/other | 17 | -50 ( 50 ) | 2014
balance at december 31 2010 ( 2 ) | $ 116 | $ 469 | $ 77
( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 130 million of purchased loans accounted for under the level-yield method and $ 0 under the cost-recovery method . these balances represent the fair value of these loans at their acquisition date . the related total expected cash flows for the level-yield loans were $ 131 million at their acquisition dates . ( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 315 million of loans accounted for under the level-yield method and $ 154 million accounted for under the cost-recovery method. .
Question:
what is the gross carrying amount in millions of the company's purchased distressed loan portfolio at december 31 , 2010?
Important information:
text_6: the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 .
table_1: in millions of dollars the beginning balance of accretable yield is $ 27 ; the beginning balance of carrying amount of loan receivable is $ 920 ; the beginning balance of allowance is $ 95 ;
table_8: in millions of dollars the balance at december 31 2010 ( 2 ) of accretable yield is $ 116 ; the balance at december 31 2010 ( 2 ) of carrying amount of loan receivable is $ 469 ; the balance at december 31 2010 ( 2 ) of allowance is $ 77 ;
Reasoning Steps:
Step: add1-1(392, 77) = 469
Program:
add(392, 77)
Program (Nested):
add(392, 77)
| finqa287 |
including the shares repurchased under the december 2007 repo agreement , what was the total authorized shares ( in millions ) eligible for repurchase under the january 23 , 2008 repurchase authorization?\\n\\n
Important information:
text_11: there were 5424 common shareholders of record on february 3 , 2008 .
text_16: on january 23 , 2008 , ball's board of directors authorized the repurchase by the company of up to a total of 12 million shares of its common stock .
text_18: ( c ) does not include 675000 shares under a forward share repurchase agreement entered into in december 2007 and settled on january 7 , 2008 , for approximately $ 31 million .
Reasoning Steps:
Step: divide1-1(675000, const_1000000) = .675
Step: add1-2(#0, 12) = 12.675
Program:
divide(675000, const_1000000), add(#0, 12)
Program (Nested):
add(divide(675000, const_1000000), 12)
| 12.675 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 19 of 94 responded to the request for information pursuant to section 104 ( e ) of cercla . the usepa has initially estimated cleanup costs to be between $ 4 million and $ 5 million . based on the information available to the company at the present time , the company does not believe that this matter will have a material adverse effect upon the liquidity , results of operations or financial condition of the company . europe in january 2003 the german government passed legislation that imposed a mandatory deposit of 25 eurocents on all one-way packages containing beverages except milk , wine , fruit juices and certain alcoholic beverages . ball packaging europe gmbh ( bpe ) , together with certain other plaintiffs , contested the enactment of the mandatory deposit for non-returnable containers based on the german packaging regulation ( verpackungsverordnung ) in federal and state administrative court . all other proceedings have been terminated except for the determination of minimal court fees that are still outstanding in some cases , together with minimal ancillary legal fees . the relevant industries , including bpe and its competitors , have successfully set up a germany-wide return system for one-way beverage containers , which has been operational since may 1 , 2006 , the date required under the deposit legislation . item 4 . submission of matters to a vote of security holders there were no matters submitted to the security holders during the fourth quarter of 2007 . part ii item 5 . market for the registrant 2019s common stock and related stockholder matters ball corporation common stock ( bll ) is traded on the new york stock exchange and the chicago stock exchange . there were 5424 common shareholders of record on february 3 , 2008 . common stock repurchases the following table summarizes the company 2019s repurchases of its common stock during the quarter ended december 31 , 2007 . purchases of securities total number of shares purchased ( a ) average price paid per share total number of shares purchased as part of publicly announced plans or programs maximum number of shares that may yet be purchased under the plans or programs ( b ) .
Table
| total number of shares purchased ( a ) | average pricepaid per share | total number of shares purchased as part of publicly announced plans or programs | maximum number of shares that may yet be purchased under the plans or programs ( b )
october 1 to october 28 2007 | 705292 | $ 53.53 | 705292 | 4904824
october 29 to november 25 2007 | 431170 | $ 48.11 | 431170 | 4473654
november 26 to december 31 2007 | 8310 ( c ) | $ 44.99 | 8310 | 4465344
total | 1144772 | $ 51.42 | 1144772 |
( a ) includes open market purchases and/or shares retained by the company to settle employee withholding tax liabilities . ( b ) the company has an ongoing repurchase program for which shares are authorized for repurchase from time to time by ball 2019s board of directors . on january 23 , 2008 , ball's board of directors authorized the repurchase by the company of up to a total of 12 million shares of its common stock . this repurchase authorization replaces all previous authorizations . ( c ) does not include 675000 shares under a forward share repurchase agreement entered into in december 2007 and settled on january 7 , 2008 , for approximately $ 31 million . also does not include shares to be acquired in 2008 under an accelerated share repurchase program entered into in december 2007 and funded on january 7 , 2008. .
Question:
including the shares repurchased under the december 2007 repo agreement , what was the total authorized shares ( in millions ) eligible for repurchase under the january 23 , 2008 repurchase authorization?\\n\\n
Important information:
text_11: there were 5424 common shareholders of record on february 3 , 2008 .
text_16: on january 23 , 2008 , ball's board of directors authorized the repurchase by the company of up to a total of 12 million shares of its common stock .
text_18: ( c ) does not include 675000 shares under a forward share repurchase agreement entered into in december 2007 and settled on january 7 , 2008 , for approximately $ 31 million .
Reasoning Steps:
Step: divide1-1(675000, const_1000000) = .675
Step: add1-2(#0, 12) = 12.675
Program:
divide(675000, const_1000000), add(#0, 12)
Program (Nested):
add(divide(675000, const_1000000), 12)
| finqa288 |
what was the percentage cumulative total shareholder return for ball corporation for the five year period ending 12/31/10?
Important information:
text_1: it assumes $ 100 was invested on december 31 , 2005 , and that all dividends were reinvested .
table_1: the ball corporation of 12/31/05 is $ 100.00 ; the ball corporation of 12/31/06 is $ 110.86 ; the ball corporation of 12/31/07 is $ 115.36 ; the ball corporation of 12/31/08 is $ 107.58 ; the ball corporation of 12/31/09 is $ 134.96 ; the ball corporation of 12/31/10 is $ 178.93 ;
table_3: the s&p 500 index of 12/31/05 is $ 100.00 ; the s&p 500 index of 12/31/06 is $ 115.80 ; the s&p 500 index of 12/31/07 is $ 122.16 ; the s&p 500 index of 12/31/08 is $ 76.96 ; the s&p 500 index of 12/31/09 is $ 97.33 ; the s&p 500 index of 12/31/10 is $ 111.99 ;
Reasoning Steps:
Step: minus1-1(178.93, const_100) = 78.93
Step: divide1-2(#0, const_100) = 78.93%
Program:
subtract(178.93, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(178.93, const_100), const_100)
| 0.7893 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
page 15 of 100 shareholder return performance the line graph below compares the annual percentage change in ball corporation 2019s cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2010 . it assumes $ 100 was invested on december 31 , 2005 , and that all dividends were reinvested . the dow jones containers & packaging index total return has been weighted by market capitalization . total return analysis .
Table
| 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09 | 12/31/10
ball corporation | $ 100.00 | $ 110.86 | $ 115.36 | $ 107.58 | $ 134.96 | $ 178.93
dj containers & packaging index | $ 100.00 | $ 112.09 | $ 119.63 | $ 75.00 | $ 105.34 | $ 123.56
s&p 500 index | $ 100.00 | $ 115.80 | $ 122.16 | $ 76.96 | $ 97.33 | $ 111.99
copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )
copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved . | copyright a9 2011 dow jones & company . all rights reserved .
.
Question:
what was the percentage cumulative total shareholder return for ball corporation for the five year period ending 12/31/10?
Important information:
text_1: it assumes $ 100 was invested on december 31 , 2005 , and that all dividends were reinvested .
table_1: the ball corporation of 12/31/05 is $ 100.00 ; the ball corporation of 12/31/06 is $ 110.86 ; the ball corporation of 12/31/07 is $ 115.36 ; the ball corporation of 12/31/08 is $ 107.58 ; the ball corporation of 12/31/09 is $ 134.96 ; the ball corporation of 12/31/10 is $ 178.93 ;
table_3: the s&p 500 index of 12/31/05 is $ 100.00 ; the s&p 500 index of 12/31/06 is $ 115.80 ; the s&p 500 index of 12/31/07 is $ 122.16 ; the s&p 500 index of 12/31/08 is $ 76.96 ; the s&p 500 index of 12/31/09 is $ 97.33 ; the s&p 500 index of 12/31/10 is $ 111.99 ;
Reasoning Steps:
Step: minus1-1(178.93, const_100) = 78.93
Step: divide1-2(#0, const_100) = 78.93%
Program:
subtract(178.93, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(178.93, const_100), const_100)
| finqa289 |
what was the percentage change in proportional free cash flow between 2013 and 2014?
Important information:
table_1: calculation of proportional free cash flow ( in millions ) the net cash provided by operating activities of 2015 is $ 2134 ; the net cash provided by operating activities of 2014 is $ 1791 ; the net cash provided by operating activities of 2013 is $ 2715 ; the net cash provided by operating activities of 2015/2014 change is $ 343 ; the net cash provided by operating activities of 2014/2013 change is $ -924 ( 924 ) ;
table_5: calculation of proportional free cash flow ( in millions ) the proportional adjusted operating cash flow of 2015 is 1741 ; the proportional adjusted operating cash flow of 2014 is 1432 ; the proportional adjusted operating cash flow of 2013 is 1881 ; the proportional adjusted operating cash flow of 2015/2014 change is 309 ; the proportional adjusted operating cash flow of 2014/2013 change is -449 ( 449 ) ;
table_8: calculation of proportional free cash flow ( in millions ) the proportional free cash flow of 2015 is $ 1241 ; the proportional free cash flow of 2014 is $ 891 ; the proportional free cash flow of 2013 is $ 1271 ; the proportional free cash flow of 2015/2014 change is $ 350 ; the proportional free cash flow of 2014/2013 change is $ -380 ( 380 ) ;
Reasoning Steps:
Step: divide1-1(-380, 1271) = -30
Program:
divide(-380, 1271)
Program (Nested):
divide(-380, 1271)
| -0.29898 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
proportional free cash flow ( a non-gaap measure ) we define proportional free cash flow as cash flows from operating activities less maintenance capital expenditures ( including non-recoverable environmental capital expenditures ) , adjusted for the estimated impact of noncontrolling interests . the proportionate share of cash flows and related adjustments attributable to noncontrolling interests in our subsidiaries comprise the proportional adjustment factor presented in the reconciliation below . upon the company's adoption of the accounting guidance for service concession arrangements effective january 1 , 2015 , capital expenditures related to service concession assets that would have been classified as investing activities on the consolidated statement of cash flows are now classified as operating activities . see note 1 2014general and summary of significant accounting policies of this form 10-k for further information on the adoption of this guidance . beginning in the quarter ended march 31 , 2015 , the company changed the definition of proportional free cash flow to exclude the cash flows for capital expenditures related to service concession assets that are now classified within net cash provided by operating activities on the consolidated statement of cash flows . the proportional adjustment factor for these capital expenditures is presented in the reconciliation below . we also exclude environmental capital expenditures that are expected to be recovered through regulatory , contractual or other mechanisms . an example of recoverable environmental capital expenditures is ipl's investment in mats-related environmental upgrades that are recovered through a tracker . see item 1 . 2014us sbu 2014ipl 2014environmental matters for details of these investments . the gaap measure most comparable to proportional free cash flow is cash flows from operating activities . we believe that proportional free cash flow better reflects the underlying business performance of the company , as it measures the cash generated by the business , after the funding of maintenance capital expenditures , that may be available for investing or repaying debt or other purposes . factors in this determination include the impact of noncontrolling interests , where aes consolidates the results of a subsidiary that is not wholly-owned by the company . the presentation of free cash flow has material limitations . proportional free cash flow should not be construed as an alternative to cash from operating activities , which is determined in accordance with gaap . proportional free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed , such as debt service requirements and dividend payments . our definition of proportional free cash flow may not be comparable to similarly titled measures presented by other companies . calculation of proportional free cash flow ( in millions ) 2015 2014 2013 2015/2014change 2014/2013 change .
Table
calculation of proportional free cash flow ( in millions ) | 2015 | 2014 | 2013 | 2015/2014 change | 2014/2013 change
net cash provided by operating activities | $ 2134 | $ 1791 | $ 2715 | $ 343 | $ -924 ( 924 )
add : capital expenditures related to service concession assets ( 1 ) | 165 | 2014 | 2014 | 165 | 2014
adjusted operating cash flow | 2299 | 1791 | 2715 | 508 | -924 ( 924 )
less : proportional adjustment factor on operating cash activities ( 2 ) ( 3 ) | -558 ( 558 ) | -359 ( 359 ) | -834 ( 834 ) | -199 ( 199 ) | 475
proportional adjusted operating cash flow | 1741 | 1432 | 1881 | 309 | -449 ( 449 )
less : proportional maintenance capital expenditures net of reinsurance proceeds ( 2 ) | -449 ( 449 ) | -485 ( 485 ) | -535 ( 535 ) | 36 | 50
less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) | -51 ( 51 ) | -56 ( 56 ) | -75 ( 75 ) | 5 | 19
proportional free cash flow | $ 1241 | $ 891 | $ 1271 | $ 350 | $ -380 ( 380 )
( 1 ) service concession asset expenditures excluded from proportional free cash flow non-gaap metric . ( 2 ) the proportional adjustment factor , proportional maintenance capital expenditures ( net of reinsurance proceeds ) and proportional non-recoverable environmental capital expenditures are calculated by multiplying the percentage owned by noncontrolling interests for each entity by its corresponding consolidated cash flow metric and are totaled to the resulting figures . for example , parent company a owns 20% ( 20 % ) of subsidiary company b , a consolidated subsidiary . thus , subsidiary company b has an 80% ( 80 % ) noncontrolling interest . assuming a consolidated net cash flow from operating activities of $ 100 from subsidiary b , the proportional adjustment factor for subsidiary b would equal $ 80 ( or $ 100 x 80% ( 80 % ) ) . the company calculates the proportional adjustment factor for each consolidated business in this manner and then sums these amounts to determine the total proportional adjustment factor used in the reconciliation . the proportional adjustment factor may differ from the proportion of income attributable to noncontrolling interests as a result of ( a ) non-cash items which impact income but not cash and ( b ) aes' ownership interest in the subsidiary where such items occur . ( 3 ) includes proportional adjustment amount for service concession asset expenditures of $ 84 million for the year ended december 31 , 2015 . the company adopted service concession accounting effective january 1 , 2015 . ( 4 ) excludes ipl's proportional recoverable environmental capital expenditures of $ 205 million , $ 163 million and $ 110 million for the years december 31 , 2015 , 2014 and 2013 , respectively. .
Question:
what was the percentage change in proportional free cash flow between 2013 and 2014?
Important information:
table_1: calculation of proportional free cash flow ( in millions ) the net cash provided by operating activities of 2015 is $ 2134 ; the net cash provided by operating activities of 2014 is $ 1791 ; the net cash provided by operating activities of 2013 is $ 2715 ; the net cash provided by operating activities of 2015/2014 change is $ 343 ; the net cash provided by operating activities of 2014/2013 change is $ -924 ( 924 ) ;
table_5: calculation of proportional free cash flow ( in millions ) the proportional adjusted operating cash flow of 2015 is 1741 ; the proportional adjusted operating cash flow of 2014 is 1432 ; the proportional adjusted operating cash flow of 2013 is 1881 ; the proportional adjusted operating cash flow of 2015/2014 change is 309 ; the proportional adjusted operating cash flow of 2014/2013 change is -449 ( 449 ) ;
table_8: calculation of proportional free cash flow ( in millions ) the proportional free cash flow of 2015 is $ 1241 ; the proportional free cash flow of 2014 is $ 891 ; the proportional free cash flow of 2013 is $ 1271 ; the proportional free cash flow of 2015/2014 change is $ 350 ; the proportional free cash flow of 2014/2013 change is $ -380 ( 380 ) ;
Reasoning Steps:
Step: divide1-1(-380, 1271) = -30
Program:
divide(-380, 1271)
Program (Nested):
divide(-380, 1271)
| finqa290 |
what was the change in defined contribution plans expenses for the u.s . between 2015 and 2016 in millions?
Important information:
table_1: the beginning balance of december 31 2017 is $ 78.7 ;
table_6: the ending balance of december 31 2017 is $ 91.0 ;
text_9: we expensed $ 47.9 million , $ 42.5 million and $ 40.2 million related to these plans for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
Reasoning Steps:
Step: minus1-1(42.5, 40.2) = 2.3
Program:
subtract(42.5, 40.2)
Program (Nested):
subtract(42.5, 40.2)
| 2.3 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
zimmer biomet holdings , inc . and subsidiaries 2017 form 10-k annual report notes to consolidated financial statements ( continued ) the following table provides a reconciliation of the beginning and ending balances of our foreign pension plan assets measured at fair value that used significant unobservable inputs ( level 3 ) ( in millions ) : .
Table
| december 31 2017
beginning balance | $ 78.7
gains on assets sold | 0.3
change in fair value of assets | 3.8
net purchases and sales | 5.2
translation gain | 3.0
ending balance | $ 91.0
we expect that we will have no legally required minimum funding requirements in 2018 for the qualified u.s . and puerto rico defined benefit retirement plans , nor do we expect to voluntarily contribute to these plans during 2018 . contributions to foreign defined benefit plans are estimated to be $ 17.0 million in 2018 . we do not expect the assets in any of our plans to be returned to us in the next year . defined contribution plans we also sponsor defined contribution plans for substantially all of the u.s . and puerto rico employees and certain employees in other countries . the benefits offered under these plans are reflective of local customs and practices in the countries concerned . we expensed $ 47.9 million , $ 42.5 million and $ 40.2 million related to these plans for the years ended december 31 , 2017 , 2016 and 2015 , respectively . 15 . income taxes 2017 tax act : the president signed u.s . tax reform legislation ( 201c2017 tax act 201d ) on december 22 , 2017 , which is considered the enactment date . the 2017 tax act includes a broad range of provisions , many of which significantly differ from those contained in previous u.s . tax law . changes in tax law are accounted for in the period of enactment . as such , our 2017 consolidated financial statements reflect the immediate tax effect of the 2017 tax act . the 2017 tax act contains several key provisions including , among other things : 2022 a one-time tax on the mandatory deemed repatriation of post-1986 untaxed foreign earnings and profits ( e&p ) , referred to as the toll charge ; 2022 a reduction in the corporate income tax rate from 35 percent to 21 percent for tax years beginning after december 31 , 2022 the introduction of a new u.s . tax on certain off-shore earnings referred to as global intangible low-taxed income ( gilti ) at an effective tax rate of 10.5 percent for tax years beginning after december 31 , 2017 ( increasing to 13.125 percent for tax years beginning after december 31 , 2025 ) , with a partial offset by foreign tax credits ; and 2022 the introduction of a territorial tax system beginning in 2018 by providing a 100 percent dividend received deduction on certain qualified dividends from foreign subsidiaries . during the fourth quarter of 2017 , we recorded an income tax benefit of $ 1272.4 million , which was comprised of the following : 2022 income tax benefit of $ 715.0 million for the one-time deemed repatriation of foreign earnings . this is composed of a $ 1181.0 million benefit from the removal of a deferred tax liability we had recorded for the repatriation of foreign earnings prior to the 2017 tax act offset by $ 466.0 million for the toll charge recognized under the 2017 tax act . in accordance with the 2017 tax act , we expect to elect to pay the toll charge in installments over eight years . as of december 31 , 2017 , we have recorded current and non-current income tax liabilities related to the toll charge of $ 82.0 million and $ 384.0 million , respectively . 2022 an income tax benefit of $ 557.4 million , primarily related to the remeasurement of our deferred tax assets and liabilities at the enacted corporate income tax rate of 21 percent . the net benefit recorded was based on currently available information and interpretations made in applying the provisions of the 2017 tax act as of the time of filing this annual report on form 10-k . we further refined our estimates related to the impact of the 2017 tax act subsequent to the issuance of our earnings release for the fourth quarter of 2017 . in accordance with authoritative guidance issued by the sec , the income tax effect for certain aspects of the 2017 tax act represent provisional amounts for which our accounting is incomplete , but with respect to which a reasonable estimate could be determined and recorded during the fourth quarter of 2017 . the actual effects of the 2017 tax act and final amounts recorded may differ materially from our current estimate of provisional amounts due to , among other things , further interpretive guidance that may be issued by u.s . tax authorities or regulatory bodies , including the sec and the fasb . we will continue to analyze the 2017 tax act and any additional guidance that may be issued so we can finalize the full effects of applying the new legislation on our financial statements in the measurement period , which ends in the fourth quarter of 2018 . we continue to evaluate the impacts of the 2017 tax act and consider the amounts recorded to be provisional . in addition , we are still evaluating the gilti provisions of the 2017 tax act and their impact , if any , on our consolidated financial statements as of december 31 , 2017 . the fasb allows companies to adopt an accounting policy to either recognize deferred taxes for gilti or treat such as a tax cost in the year incurred . we have not yet determined which accounting policy to adopt because determining the impact of the gilti provisions requires analysis of our existing legal entity structure , the reversal of our u.s . gaap and u.s . tax basis differences in the assets and liabilities of our foreign subsidiaries , and our ability to offset any tax with foreign tax credits . as such , we did not record a deferred income tax .
Question:
what was the change in defined contribution plans expenses for the u.s . between 2015 and 2016 in millions?
Important information:
table_1: the beginning balance of december 31 2017 is $ 78.7 ;
table_6: the ending balance of december 31 2017 is $ 91.0 ;
text_9: we expensed $ 47.9 million , $ 42.5 million and $ 40.2 million related to these plans for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
Reasoning Steps:
Step: minus1-1(42.5, 40.2) = 2.3
Program:
subtract(42.5, 40.2)
Program (Nested):
subtract(42.5, 40.2)
| finqa291 |
what percentage of total goodwill is attributable to retail bank reporting unit as december 31 , 2011?
Important information:
text_4: the following table shows the amount of goodwill allocated to each of the reporting units in the trading and investing segment ( dollars in millions ) : .
table_3: reporting unit the retail bank of december 31 2011 is 40.6 ;
table_4: reporting unit the total goodwill of december 31 2011 is $ 1934.2 ;
Reasoning Steps:
Step: divide1-1(40.6, 1934.2) = 2%
Program:
divide(40.6, 1934.2)
Program (Nested):
divide(40.6, 1934.2)
| 0.02099 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
judgments the valuation of goodwill and other intangible assets depends on a number of factors , including estimates of future market growth and trends , forecasted revenue and costs , expected useful lives of the assets , appropriate discount rates and other variables . goodwill is allocated to reporting units , which are components of the business that are one level below operating segments . each of these reporting units is tested for impairment individually during the annual evaluation . there is no goodwill assigned to reporting units within the balance sheet management segment . the following table shows the amount of goodwill allocated to each of the reporting units in the trading and investing segment ( dollars in millions ) : .
Table
reporting unit | december 31 2011
u.s . brokerage | $ 1751.2
capital markets | 142.4
retail bank | 40.6
total goodwill | $ 1934.2
in connection with our annual impairment test of goodwill , we concluded that the goodwill was not impaired as the fair value of the reporting units was in excess of the book value of those reporting units as of december 31 , 2011 . the fair value of the reporting units exceeded the book value of those reporting units by substantial amounts ( fair value as a percent of book value ranged from approximately 150% ( 150 % ) to 700% ( 700 % ) ) and therefore did not indicate a significant risk of goodwill impairment based on current projections and valuations . we also evaluate the remaining useful lives on intangible assets each reporting period to determine whether events and circumstances warrant a revision to the remaining period of amortization . effects if actual results differ if our estimates of fair value for the reporting units change due to changes in our business or other factors , we may determine that an impairment charge is necessary . estimates of fair value are determined based on a complex model using cash flows and company comparisons . if management 2019s estimates of future cash flows are inaccurate , the fair value determined could be inaccurate and impairment would not be recognized in a timely manner . intangible assets are amortized over their estimated useful lives . if changes in the estimated underlying revenue occur , impairment or a change in the remaining life may need to be recognized. .
Question:
what percentage of total goodwill is attributable to retail bank reporting unit as december 31 , 2011?
Important information:
text_4: the following table shows the amount of goodwill allocated to each of the reporting units in the trading and investing segment ( dollars in millions ) : .
table_3: reporting unit the retail bank of december 31 2011 is 40.6 ;
table_4: reporting unit the total goodwill of december 31 2011 is $ 1934.2 ;
Reasoning Steps:
Step: divide1-1(40.6, 1934.2) = 2%
Program:
divide(40.6, 1934.2)
Program (Nested):
divide(40.6, 1934.2)
| finqa292 |
what percent of total commitments expire in 1-3 years?
Important information:
text_0: page 38 five years .
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 ;
Reasoning Steps:
Step: divide2-1(524, 3066) = 17%
Program:
divide(524, 3066)
Program (Nested):
divide(524, 3066)
| 0.17091 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 percent of total commitments expire in 1-3 years?
Important information:
text_0: page 38 five years .
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 ;
Reasoning Steps:
Step: divide2-1(524, 3066) = 17%
Program:
divide(524, 3066)
Program (Nested):
divide(524, 3066)
| finqa293 |
what portion of the future minimum operating lease payments is due in the next 12 months?
Important information:
table_4: 2008 the 2012 of 83382 is 14860 ;
table_5: 2008 the thereafter of 83382 is 30869 ;
table_6: 2008 the total of 83382 is $ 249038 ;
Reasoning Steps:
Step: divide2-1(83382, 249038) = 33.5%
Program:
divide(83382, 249038)
Program (Nested):
divide(83382, 249038)
| 0.33482 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
company has a contingent liability relating to proper disposition of these balances , which amounted to $ 1926.8 mil- lion at december 31 , 2007 . as a result of holding these customers 2019 assets in escrow , the company has ongoing programs for realizing economic benefits during the year through favorable borrowing and vendor arrangements with various banks . there were no loans outstanding as of december 31 , 2007 and these balances were invested in short term , high grade investments that minimize the risk to principal . leases the company leases certain of its property under leases which expire at various dates . several of these agreements include escalation clauses and provide for purchases and renewal options for periods ranging from one to five years . future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31 , 2012 , and thereafter in the aggregate , are as follows ( in thousands ) : .
Table
2008 | 83382
2009 | 63060
2010 | 35269
2011 | 21598
2012 | 14860
thereafter | 30869
total | $ 249038
in addition , the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $ 16.0 million per year which renew on a short-term basis . rent expense incurred under all operating leases during the years ended december 31 , 2007 , 2006 and 2005 was $ 106.4 million , $ 81.5 million and $ 61.1 million , respectively . data processing and maintenance services agreements . the company has agreements with various vendors , which expire between 2008 and 2017 , for portions of its computer data processing operations and related functions . the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $ 888.3 million as of december 31 , 2007 . however , this amount could be more or less depending on various factors such as the inflation rate , the introduction of significant new technologies , or changes in the company 2019s data processing needs . ( 17 ) employee benefit plans stock purchase plan prior to the certegy merger ( note 6 ) , fis employees participated in the fidelity national financial , inc . employee stock purchase plan ( espp ) . subsequent to the certegy merger , the company instituted its own plan with the same terms as the fidelity national financial , inc . plan . under the terms of both plans and subsequent amendments , eligible employees may voluntarily purchase , at current market prices , shares of fnf 2019s ( prior to the certegy merger ) or fis 2019s ( post certegy merger ) common stock through payroll deductions . pursuant to the espp , employees may contribute an amount between 3% ( 3 % ) and 15% ( 15 % ) of their base salary and certain commissions . shares purchased are allocated to employees based upon their contributions . the company contributes varying matching amounts as specified in the espp . the company recorded an expense of $ 15.2 million , $ 13.1 million and $ 11.1 million , respectively , for the years ended december 31 , 2007 , 2006 and 2005 relating to the participation of fis employees in the espp . fidelity national information services , inc . and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) .
Question:
what portion of the future minimum operating lease payments is due in the next 12 months?
Important information:
table_4: 2008 the 2012 of 83382 is 14860 ;
table_5: 2008 the thereafter of 83382 is 30869 ;
table_6: 2008 the total of 83382 is $ 249038 ;
Reasoning Steps:
Step: divide2-1(83382, 249038) = 33.5%
Program:
divide(83382, 249038)
Program (Nested):
divide(83382, 249038)
| finqa294 |
considering the years 2016-2017 , what is the percentual increase observed in the payment amount per share?
Important information:
text_2: stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2015 , 2016 , and 2017 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) .
table_2: paymentdate the 2016 of amountper share is $ 1.16 ; the 2016 of totalamount ( in millions ) is $ 172 ;
table_3: paymentdate the 2017 of amountper share is $ 1.49 ; the 2017 of totalamount ( in millions ) is $ 216 ;
Reasoning Steps:
Step: divide2-1(1.49, 1.16) = 1.2845
Step: minus2-2(#0, const_1) = 28.45%
Program:
divide(1.49, 1.16), subtract(#0, const_1)
Program (Nested):
subtract(divide(1.49, 1.16), const_1)
| 0.28448 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
humana inc . notes to consolidated financial statements 2014 ( continued ) 15 . stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2015 , 2016 , and 2017 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) .
Table
paymentdate | amountper share | totalamount ( in millions )
2015 | $ 1.14 | $ 170
2016 | $ 1.16 | $ 172
2017 | $ 1.49 | $ 216
on november 2 , 2017 , the board declared a cash dividend of $ 0.40 per share that was paid on january 26 , 2018 to stockholders of record on december 29 , 2017 , for an aggregate amount of $ 55 million . declaration and payment of future quarterly dividends is at the discretion of our board and may be adjusted as business needs or market conditions change . stock repurchases in september 2014 , our board of directors replaced a previous share repurchase authorization of up to $ 1 billion ( of which $ 816 million remained unused ) with an authorization for repurchases of up to $ 2 billion of our common shares exclusive of shares repurchased in connection with employee stock plans , which expired on december 31 , 2016 . under the share repurchase authorization , shares may have been purchased from time to time at prevailing prices in the open market , by block purchases , through plans designed to comply with rule 10b5-1 under the securities exchange act of 1934 , as amended , or in privately-negotiated transactions ( including pursuant to accelerated share repurchase agreements with investment banks ) , subject to certain regulatory restrictions on volume , pricing , and timing . pursuant to the merger agreement , after july 2 , 2015 , we were prohibited from repurchasing any of our outstanding securities without the prior written consent of aetna , other than repurchases of shares of our common stock in connection with the exercise of outstanding stock options or the vesting or settlement of outstanding restricted stock awards . accordingly , as announced on july 3 , 2015 , we suspended our share repurchase program . on february 14 , 2017 , we and aetna agreed to mutually terminate the merger agreement . we also announced that the board had approved a new authorization for share repurchases of up to $ 2.25 billion of our common stock exclusive of shares repurchased in connection with employee stock plans , expiring on december 31 , 2017 . on february 16 , 2017 , we entered into an accelerated share repurchase agreement , the february 2017 asr , with goldman , sachs & co . llc , or goldman sachs , to repurchase $ 1.5 billion of our common stock as part of the $ 2.25 billion share repurchase program referred to above . on february 22 , 2017 , we made a payment of $ 1.5 billion to goldman sachs from available cash on hand and received an initial delivery of 5.83 million shares of our common stock from goldman sachs based on the then current market price of humana common stock . the payment to goldman sachs was recorded as a reduction to stockholders 2019 equity , consisting of a $ 1.2 billion increase in treasury stock , which reflected the value of the initial 5.83 million shares received upon initial settlement , and a $ 300 million decrease in capital in excess of par value , which reflected the value of stock held back by goldman sachs pending final settlement of the february 2017 asr . upon settlement of the february 2017 asr on august 28 , 2017 , we received an additional 0.84 million shares as determined by the average daily volume weighted-average share price of our common stock during the term of the agreement of $ 224.81 , bringing the total shares received under this program to 6.67 million . in addition , upon settlement we reclassified the $ 300 million value of stock initially held back by goldman sachs from capital in excess of par value to treasury stock . subsequent to settlement of the february 2017 asr , we repurchased an additional 3.04 million shares in the open market , utilizing the remaining $ 750 million of the $ 2.25 billion authorization prior to expiration. .
Question:
considering the years 2016-2017 , what is the percentual increase observed in the payment amount per share?
Important information:
text_2: stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2015 , 2016 , and 2017 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) .
table_2: paymentdate the 2016 of amountper share is $ 1.16 ; the 2016 of totalamount ( in millions ) is $ 172 ;
table_3: paymentdate the 2017 of amountper share is $ 1.49 ; the 2017 of totalamount ( in millions ) is $ 216 ;
Reasoning Steps:
Step: divide2-1(1.49, 1.16) = 1.2845
Step: minus2-2(#0, const_1) = 28.45%
Program:
divide(1.49, 1.16), subtract(#0, const_1)
Program (Nested):
subtract(divide(1.49, 1.16), const_1)
| finqa295 |
what percentage of total purchase commitments are due in 2013?
Important information:
table_4: the 2013 of ( in thousands ) is 1486 ;
table_6: the thereafter of ( in thousands ) is 25048 ;
table_7: the total of ( in thousands ) is $ 44572 ;
Reasoning Steps:
Step: divide2-1(1486, 44572) = 3%
Program:
divide(1486, 44572)
Program (Nested):
divide(1486, 44572)
| 0.03334 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
purchase commitments the company has entered into various purchase agreements for minimum amounts of pulpwood processing and energy over periods ranging from one to twenty years at fixed prices . total purchase commitments are as follows: .
Table
| ( in thousands )
2010 | $ 6951
2011 | 5942
2012 | 3659
2013 | 1486
2014 | 1486
thereafter | 25048
total | $ 44572
these purchase agreements are not marked to market . the company purchased $ 37.3 million , $ 29.4 million , and $ 14.5 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively , under these purchase agreements . litigation pca is a party to various legal actions arising in the ordinary course of business . these legal actions cover a broad variety of claims spanning our entire business . as of the date of this filing , the company believes it is not reasonably possible that the resolution of these legal actions will , individually or in the aggregate , have a material adverse effect on its financial position , results of operations , or cash flows . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 1994 through 2009 , remediation costs at the company 2019s mills and corrugated plants totaled approximately $ 3.2 million . as of december 31 , 2009 , the company maintained an environmental reserve of $ 9.1 million relating to on-site landfills ( see note 13 ) and surface impoundments as well as ongoing and anticipated remedial projects . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . as of the date of this filing , the company believes that it is not reasonably possible that future environmental expenditures and asset retirement obligations above the $ 9.1 million accrued as of december 31 , 2009 , will have a material impact on its financial condition , results of operations , or cash flows . in connection with the sale to pca of its containerboard and corrugated products business , pactiv agreed to retain all liability for all former facilities and all sites associated with pre-closing off-site waste disposal and all environmental liabilities related to a closed landfill located near the company 2019s filer city mill . 13 . asset retirement obligations asset retirement obligations consist primarily of landfill capping and closure and post-closure costs . pca is legally required to perform capping and closure and post-closure care on the landfills at each of the company 2019s mills . in accordance with asc 410 , 201c asset retirement and environmental obligations , 201d pca recognizes the fair value of these liabilities as an asset retirement obligation for each landfill and capitalizes packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2009 .
Question:
what percentage of total purchase commitments are due in 2013?
Important information:
table_4: the 2013 of ( in thousands ) is 1486 ;
table_6: the thereafter of ( in thousands ) is 25048 ;
table_7: the total of ( in thousands ) is $ 44572 ;
Reasoning Steps:
Step: divide2-1(1486, 44572) = 3%
Program:
divide(1486, 44572)
Program (Nested):
divide(1486, 44572)
| finqa296 |
for revisions of previous estimates , what was the impact in mmboe resulting from an increase in drilling programs in u.s . resource plays and an increase in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices?
Important information:
table_0: beginning of year the beginning of year of 552 is 552 ;
table_1: beginning of year the revisions of previous estimates of 552 is 5 ;
table_7: beginning of year the end of year of 552 is 546 ;
Reasoning Steps:
Step: add1-1(105, 67) = 172
Program:
add(105, 67)
Program (Nested):
add(105, 67)
| 172.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
supplementary information on oil and gas producing activities ( unaudited ) 2017 proved reserves decreased by 647 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe , with the remainder being due to revisions across the business . 2022 extensions , discoveries , and other additions : increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma . 2022 purchases of reserves in place : increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico . 2022 production : decreased by 145 mmboe . 2022 sales of reserves in place : decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado . see item 8 . financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions . 2016 proved reserves decreased by 67 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s . technical revisions . 2022 extensions , discoveries , and other additions : increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma . 2022 purchases of reserves in place : increased by 34 mmboe from acquisition of stack assets in oklahoma . 2022 production : decreased by 144 mmboe . 2022 sales of reserves in place : decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets . 2015 proved reserves decreased by 35 mmboe primarily due to the following : 2022 revisions of previous estimates : decreased by 2 mmboe primarily resulting from an increase of 105 mmboe associated with drilling programs in u.s . resource plays and an increase of 67 mmboe in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices , offset by a decrease of 173 mmboe which was largely due to reductions to our capital development program and adherence to the sec 5-year rule . 2022 extensions , discoveries , and other additions : increased by140 mmboe as a result of drilling programs in our u.s . resource plays . 2022 production : decreased by 157 mmboe . 2022 sales of reserves in place : u.s . conventional assets sales contributed to a decrease of 18 mmboe . changes in proved undeveloped reserves as of december 31 , 2017 , 546 mmboe of proved undeveloped reserves were reported , a decrease of 6 mmboe from december 31 , 2016 . the following table shows changes in proved undeveloped reserves for 2017 : ( mmboe ) .
Table
beginning of year | 552
revisions of previous estimates | 5
improved recovery | 2014
purchases of reserves in place | 15
extensions discoveries and other additions | 57
dispositions | 2014
transfers to proved developed | -83 ( 83 )
end of year | 546
revisions of prior estimates . revisions of prior estimates increased 5 mmboe during 2017 , primarily due to a 44 mmboe increase in the bakken from an acceleration of higher economic wells into the 5-year plan , offset by a decrease of 40 mmboe in oklahoma due to the removal of less economic wells from the 5-year plan . extensions , discoveries and other additions . increased 57 mmboe through expansion of proved areas in oklahoma. .
Question:
for revisions of previous estimates , what was the impact in mmboe resulting from an increase in drilling programs in u.s . resource plays and an increase in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices?
Important information:
table_0: beginning of year the beginning of year of 552 is 552 ;
table_1: beginning of year the revisions of previous estimates of 552 is 5 ;
table_7: beginning of year the end of year of 552 is 546 ;
Reasoning Steps:
Step: add1-1(105, 67) = 172
Program:
add(105, 67)
Program (Nested):
add(105, 67)
| finqa297 |
what was the percent of the finished products to the total inventory
Important information:
table_1: the finished products of 2018 is $ 988.1 ; the finished products of 2017 is $ 1211.4 ;
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 ;
Reasoning Steps:
Step: divide2-1(988.1, 4111.8) = 24.03%
Program:
divide(988.1, 4111.8)
Program (Nested):
divide(988.1, 4111.8)
| 0.24031 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 percent of the finished products to the total inventory
Important information:
table_1: the finished products of 2018 is $ 988.1 ; the finished products of 2017 is $ 1211.4 ;
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 ;
Reasoning Steps:
Step: divide2-1(988.1, 4111.8) = 24.03%
Program:
divide(988.1, 4111.8)
Program (Nested):
divide(988.1, 4111.8)
| finqa298 |
what was the percentual increase of other income due to favorable foreign exchange and reimbursements in 2011?
Important information:
text_12: 2012 other income ( expense ) , net of $ 70.2 increased $ 23.1 , primarily due to higher gains from the sale of a number of small assets and investments and a favorable commercial contract settlement , partially offset by lower government grants .
text_15: 2011 other income ( expense ) , net of $ 47.1 increased $ 5.4 , primarily due to favorable foreign exchange and reimbursements from government grants for expense , partially offset by lower gains from the sale of assets .
text_17: interest expense .
Reasoning Steps:
Step: divide1-1(5.4, 47.1) = 11.46%
Program:
divide(5.4, 47.1)
Program (Nested):
divide(5.4, 47.1)
| 0.11465 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
shutdown . the customer , which primarily received products from the tonnage gases segment , filed for bankruptcy in may 2012 and announced the mill shutdown in august 2012 . pension settlement loss our u.s . supplemental pension plan provides for a lump sum benefit payment option at the time of retirement , or for corporate officers , six months after the retirement date . pension settlements are recognized when cash payments exceed the sum of the service and interest cost components of net periodic pension cost of the plan for the fiscal year . the participant 2019s vested benefit is considered fully settled upon cash payment of the lump sum . we recognized $ 12.4 of settlement charges in 2013 . advisory costs during the fourth quarter of 2013 , we incurred legal and other advisory fees of $ 10.1 ( $ 6.4 after-tax , or $ .03 per share ) in connection with our response to the rapid acquisition of a large position in shares of our common stock by pershing square capital management llc and its affiliates ( pershing square ) . these fees , which are reflected on the consolidated income statements as 201cadvisory costs , 201d include costs incurred before and after pershing square 2019s disclosure of its holdings and cover advisory services related to the adoption of the shareholders rights plan , preparation for a potential proxy solicitation campaign , and entering into an agreement with pershing square . other income ( expense ) , net items recorded to other income ( expense ) , net arise from transactions and events not directly related to our principal income earning activities . the detail of other income ( expense ) , net is presented in note 23 , supplemental information , to the consolidated financial statements . 2013 vs . 2012 other income ( expense ) , net of $ 70.2 increased $ 23.1 , primarily due to higher gains from the sale of a number of small assets and investments and a favorable commercial contract settlement , partially offset by lower government grants . otherwise , no individual items were significant in comparison to the prior year . 2012 vs . 2011 other income ( expense ) , net of $ 47.1 increased $ 5.4 , primarily due to favorable foreign exchange and reimbursements from government grants for expense , partially offset by lower gains from the sale of assets . otherwise , no individual items were significant in comparison to the prior year . interest expense .
Table
| 2013 | 2012 | 2011
interest incurred | $ 167.6 | $ 153.9 | $ 138.2
less : capitalized interest | 25.8 | 30.2 | 22.7
interest expense | $ 141.8 | $ 123.7 | $ 115.5
2013 vs . 2012 interest incurred increased $ 13.7 . the increase was driven primarily by a higher average debt balance for $ 41 , partially offset by a lower average interest rate on the debt portfolio of $ 24 . the change in capitalized interest was driven by a decrease in project spending and a lower average interest rate . 2012 vs . 2011 interest incurred increased $ 15.7 . the increase was driven primarily by a higher average debt balance and debt issuance costs related to the indura s.a . acquisition , partially offset by the impact of a stronger dollar on the translation of foreign currency interest . the change in capitalized interest was driven by an increase in project spending which qualified for capitalization . effective tax rate the effective tax rate equals the income tax provision divided by income from continuing operations before taxes . refer to note 22 , income taxes , to the consolidated financial statements for details on factors affecting the effective tax rate . 2013 vs . 2012 on a gaap basis , the effective tax rate was 22.8% ( 22.8 % ) and 21.9% ( 21.9 % ) in 2013 and 2012 , respectively . the current year rate includes income tax benefits of $ 73.7 related to the business restructuring and cost reduction plans and $ 3.7 for the advisory costs . the prior year rate includes income tax benefits of $ 105.0 related to the business restructuring and cost reduction plans , $ 58.3 related to the second quarter spanish tax ruling , and $ 3.7 related to the customer .
Question:
what was the percentual increase of other income due to favorable foreign exchange and reimbursements in 2011?
Important information:
text_12: 2012 other income ( expense ) , net of $ 70.2 increased $ 23.1 , primarily due to higher gains from the sale of a number of small assets and investments and a favorable commercial contract settlement , partially offset by lower government grants .
text_15: 2011 other income ( expense ) , net of $ 47.1 increased $ 5.4 , primarily due to favorable foreign exchange and reimbursements from government grants for expense , partially offset by lower gains from the sale of assets .
text_17: interest expense .
Reasoning Steps:
Step: divide1-1(5.4, 47.1) = 11.46%
Program:
divide(5.4, 47.1)
Program (Nested):
divide(5.4, 47.1)
| finqa299 |
in 2017 what was the debt to equity based on the 2017 actual asset allocation
Important information:
table_1: the debt securities of targetassetallocation is 72% ( 72 % ) ; the debt securities of 2017actualassetallocation is 70% ( 70 % ) ; the debt securities of 2016actualassetallocation is 72% ( 72 % ) ;
table_2: the equity securities of targetassetallocation is 28 ; the equity securities of 2017actualassetallocation is 30 ; the equity securities of 2016actualassetallocation is 28 ;
table_3: the total of targetassetallocation is 100% ( 100 % ) ; the total of 2017actualassetallocation is 100% ( 100 % ) ; the total of 2016actualassetallocation is 100% ( 100 % ) ;
Reasoning Steps:
Step: divide1-1(70, 30) = 2.33
Program:
divide(70, 30)
Program (Nested):
divide(70, 30)
| 2.33333 | 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:
republic services , inc . notes to consolidated financial statements 2014 ( continued ) we determine the discount rate used in the measurement of our obligations based on a model that matches the timing and amount of expected benefit payments to maturities of high quality bonds priced as of the plan measurement date . when that timing does not correspond to a published high-quality bond rate , our model uses an expected yield curve to determine an appropriate current discount rate . the yields on the bonds are used to derive a discount rate for the liability . the term of our obligation , based on the expected retirement dates of our workforce , is approximately seven years . in developing our expected rate of return assumption , we have evaluated the actual historical performance and long-term return projections of the plan assets , which give consideration to the asset mix and the anticipated timing of the plan outflows . we employ a total return investment approach whereby a mix of equity and fixed income investments are used to maximize the long-term return of plan assets for what we consider a prudent level of risk . the intent of this strategy is to minimize plan expenses by outperforming plan liabilities over the long run . risk tolerance is established through careful consideration of plan liabilities , plan funded status and our financial condition . the investment portfolio contains a diversified blend of equity and fixed income investments . furthermore , equity investments are diversified across u.s . and non-u.s . stocks as well as growth , value , and small and large capitalizations . derivatives may be used to gain market exposure in an efficient and timely manner ; however , derivatives may not be used to leverage the portfolio beyond the market value of the underlying investments . investment risk is measured and monitored on an ongoing basis through annual liability measurements , periodic asset and liability studies , and quarterly investment portfolio reviews . the following table summarizes our target asset allocation for 2017 and actual asset allocation as of december 31 , 2017 and 2016 for our plan : target allocation actual allocation actual allocation .
Table
| targetassetallocation | 2017actualassetallocation | 2016actualassetallocation
debt securities | 72% ( 72 % ) | 70% ( 70 % ) | 72% ( 72 % )
equity securities | 28 | 30 | 28
total | 100% ( 100 % ) | 100% ( 100 % ) | 100% ( 100 % )
for 2018 , the investment strategy for pension plan assets is to maintain a broadly diversified portfolio designed to achieve our target of an average long-term rate of return of 5.36% ( 5.36 % ) . while we believe we can achieve a long- term average return of 5.36% ( 5.36 % ) , we cannot be certain that the portfolio will perform to our expectations . assets are strategically allocated among debt and equity portfolios to achieve a diversification level that reduces fluctuations in investment returns . asset allocation target ranges and strategies are reviewed periodically with the assistance of an independent external consulting firm. .
Question:
in 2017 what was the debt to equity based on the 2017 actual asset allocation
Important information:
table_1: the debt securities of targetassetallocation is 72% ( 72 % ) ; the debt securities of 2017actualassetallocation is 70% ( 70 % ) ; the debt securities of 2016actualassetallocation is 72% ( 72 % ) ;
table_2: the equity securities of targetassetallocation is 28 ; the equity securities of 2017actualassetallocation is 30 ; the equity securities of 2016actualassetallocation is 28 ;
table_3: the total of targetassetallocation is 100% ( 100 % ) ; the total of 2017actualassetallocation is 100% ( 100 % ) ; the total of 2016actualassetallocation is 100% ( 100 % ) ;
Reasoning Steps:
Step: divide1-1(70, 30) = 2.33
Program:
divide(70, 30)
Program (Nested):
divide(70, 30)
| finqa300 |
what percentage of average common equity attribution in 2016 is made up of institutional securities?
Important information:
text_2: average common equity attribution1 $ in billions 2017 2016 2015 .
table_1: $ in billions the institutional securities of 2017 is $ 40.2 ; the institutional securities of 2016 is $ 43.2 ; the institutional securities of 2015 is $ 34.6 ;
table_5: $ in billions the total of 2017 is $ 69.8 ; the total of 2016 is $ 68.9 ; the total of 2015 is $ 66.9 ;
Reasoning Steps:
Step: divide2-1(43.2, 68.9) = 63%
Program:
divide(43.2, 68.9)
Program (Nested):
divide(43.2, 68.9)
| 0.627 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 environment , for example , to incorporate changes in stress testing or enhancements to modeling techniques . we will continue to evaluate the framework with respect to the impact of future regulatory requirements , as appropriate . average common equity attribution1 $ in billions 2017 2016 2015 .
Table
$ in billions | 2017 | 2016 | 2015
institutional securities | $ 40.2 | $ 43.2 | $ 34.6
wealth management | 17.2 | 15.3 | 11.2
investment management | 2.4 | 2.8 | 2.2
parent company | 10.0 | 7.6 | 18.9
total | $ 69.8 | $ 68.9 | $ 66.9
1 . average common equity is a non-gaap financial measure . see 201cselected non-gaap financial information 201d herein . regulatory developments resolution and recovery planning pursuant to the dodd-frank act , we are required to periodi- cally submit to the federal reserve and the fdic a resolution plan that describes our strategy for a rapid and orderly resolu- tion under the u.s . bankruptcy code in the event of our material financial distress or failure . our preferred resolution strategy , which is set out in our 2017 resolution plan , is an spoe strategy . we submitted our full 2017 resolution plan on june 30 , 2017 . as indicated in our 2017 resolution plan , the parent company has amended and restated its support agreement with its material entities , as defined in our 2017 resolution plan . under the secured amended and restated support agreement , upon the occur- rence of a resolution scenario , the parent company would be obligated to contribute or loan on a subordinated basis all of its contributable material assets , other than shares in subsidi- aries of the parent company and certain intercompany receiv- ables , to provide capital and liquidity , as applicable , to our material entities . the obligations of the parent company under the secured amended and restated support agreement are in most cases secured on a senior basis by the assets of the parent company ( other than shares in subsidiaries of the parent company ) . as a result , claims of our material entities against the assets of the parent company ( other than shares in subsidiaries of the parent company ) are effectively senior to unsecured obliga- tions of the parent company . in december 2017 , we received joint feedback on our 2017 resolution plan from the federal reserve and the fdic . the feedback identified no deficiencies in our 2017 resolution plan but noted one shortcoming to be remediated in our next resolution plan submission . further , the federal reserve and the fdic have extended the next resolution plan filing deadline for eight large domestic banks , including us , by one year to july 1 , 2019 . for more information about resolution and recovery planning requirements and our activities in these areas , including the implications of such activities in a resolution scenario , see 201cbusiness 2014supervision and regulation 2014financial holding company 2014resolution and recovery planning 201d and 201crisk factors 2014legal , regulatory and compliance risk . 201d legacy covered funds under the volcker rule the volcker rule prohibits 201cbanking entities , 201d including us and our affiliates , from engaging in certain 201cproprietary trading 201d activities , as defined in the volcker rule , subject to exemptions for underwriting , market-making-related activities , risk-mitigating hedging and certain other activities . the volcker rule also prohibits certain investments and relation- ships by banking entities with 201ccovered funds , 201d with a number of exemptions and exclusions . in june 2017 , we received approval from the federal reserve of our application for a five-year extension of the transition period to conform invest- ments in certain legacy volcker covered funds that are also illiquid funds . the approval covered essentially all of our non-conforming investments in , and relationships with , legacy covered funds subject to the volcker rule . for more informa- tion about the volcker rule , see 201cbusiness 2014supervision and regulation 2014activities restrictions under the volcker rule . 201d u.s . department of labor conflict of interest rule the u.s . dol 2019s final conflict of interest rule under erisa went into effect on june 9 , 2017 , with certain aspects subject to phased-in compliance . full compliance with the rule 2019s related exemptions is currently scheduled to be required by july 1 , 2019 . in addition , the u.s . dol is undertaking an examination of the rule that may result in changes to the rule or its related exemptions or a change in the full compliance date . for a discussion of the u.s . dol conflict of interest rule , see 201cbusiness 2014supervision and regulation 2014instit- utional securities and wealth management . 201d u.k . referendum following the u.k . electorate vote to leave the e.u. , the u.k . invoked article 50 of the lisbon treaty on march 29 , 2017 , which triggered a two-year period , subject to extension ( which would need the unanimous approval of the e.u . member states ) , during which the u.k . government is expected to negotiate its withdrawal agreement with the e.u . for further discussion of u.k . referendum 2019s potential impact on our operations , see 201crisk factors 2014international risk . 201d for further information regarding our exposure to the u.k. , see also 201cquantitative and qualitative disclosures about market risk 2014risk management 2014credit risk 2014country risk exposure . 201d 69 december 2017 form 10-k .
Question:
what percentage of average common equity attribution in 2016 is made up of institutional securities?
Important information:
text_2: average common equity attribution1 $ in billions 2017 2016 2015 .
table_1: $ in billions the institutional securities of 2017 is $ 40.2 ; the institutional securities of 2016 is $ 43.2 ; the institutional securities of 2015 is $ 34.6 ;
table_5: $ in billions the total of 2017 is $ 69.8 ; the total of 2016 is $ 68.9 ; the total of 2015 is $ 66.9 ;
Reasoning Steps:
Step: divide2-1(43.2, 68.9) = 63%
Program:
divide(43.2, 68.9)
Program (Nested):
divide(43.2, 68.9)
| finqa301 |
what was the return on total assets during 2014?
Important information:
table_5: ( $ in millions except per share amounts ) the total assets of year ended december 31 2017 is 6374 ; the total assets of year ended december 31 2016 is 6352 ; the total assets of year ended december 31 2015 is 6024 ; the total assets of year ended december 31 2014 is 6239 ; the total assets of year ended december 31 2013 is 6190 ;
table_7: ( $ in millions except per share amounts ) the total long-term obligations of year ended december 31 2017 is 3225 ; the total long-term obligations of year ended december 31 2016 is 3356 ; the total long-term obligations of year ended december 31 2015 is 3260 ; the total long-term obligations of year ended december 31 2014 is 3562 ; the total long-term obligations of year ended december 31 2013 is 3277 ;
table_10: ( $ in millions except per share amounts ) the dividends declared per share of year ended december 31 2017 is $ 2.52 ; the dividends declared per share of year ended december 31 2016 is $ 2.10 ; the dividends declared per share of year ended december 31 2015 is $ 1.70 ; the dividends declared per share of year ended december 31 2014 is $ 1.00 ; the dividends declared per share of year ended december 31 2013 is $ 0.50 ;
Reasoning Steps:
Step: divide2-1(338, 6239) = 5.4%
Program:
divide(338, 6239)
Program (Nested):
divide(338, 6239)
| 0.05418 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 6 . selected financial data the following table sets forth our selected financial data . the table should be read in conjunction with item 7 and item 8 of this annual report on form 10-k. .
Table
( $ in millions except per share amounts ) | year ended december 31 2017 | year ended december 31 2016 | year ended december 31 2015 | year ended december 31 2014 | year ended december 31 2013
sales and service revenues | $ 7441 | $ 7068 | $ 7020 | $ 6957 | $ 6820
goodwill impairment | 2014 | 2014 | 75 | 47 | 2014
operating income ( loss ) | 865 | 858 | 769 | 655 | 512
net earnings ( loss ) | 479 | 573 | 404 | 338 | 261
total assets | 6374 | 6352 | 6024 | 6239 | 6190
long-term debt ( 1 ) | 1279 | 1278 | 1273 | 1562 | 1665
total long-term obligations | 3225 | 3356 | 3260 | 3562 | 3277
net cash provided by ( used in ) operating activities | 814 | 822 | 861 | 755 | 260
free cash flow ( 2 ) | 453 | 537 | 673 | 590 | 121
dividends declared per share | $ 2.52 | $ 2.10 | $ 1.70 | $ 1.00 | $ 0.50
basic earnings ( loss ) per share | $ 10.48 | $ 12.24 | $ 8.43 | $ 6.93 | $ 5.25
diluted earnings ( loss ) per share | $ 10.46 | $ 12.14 | $ 8.36 | $ 6.86 | $ 5.18
( 1 ) long-term debt does not include the current portion of long-term debt , which is included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures net of related grant proceeds . see liquidity and capital resources in item 7 for more information on this measure. .
Question:
what was the return on total assets during 2014?
Important information:
table_5: ( $ in millions except per share amounts ) the total assets of year ended december 31 2017 is 6374 ; the total assets of year ended december 31 2016 is 6352 ; the total assets of year ended december 31 2015 is 6024 ; the total assets of year ended december 31 2014 is 6239 ; the total assets of year ended december 31 2013 is 6190 ;
table_7: ( $ in millions except per share amounts ) the total long-term obligations of year ended december 31 2017 is 3225 ; the total long-term obligations of year ended december 31 2016 is 3356 ; the total long-term obligations of year ended december 31 2015 is 3260 ; the total long-term obligations of year ended december 31 2014 is 3562 ; the total long-term obligations of year ended december 31 2013 is 3277 ;
table_10: ( $ in millions except per share amounts ) the dividends declared per share of year ended december 31 2017 is $ 2.52 ; the dividends declared per share of year ended december 31 2016 is $ 2.10 ; the dividends declared per share of year ended december 31 2015 is $ 1.70 ; the dividends declared per share of year ended december 31 2014 is $ 1.00 ; the dividends declared per share of year ended december 31 2013 is $ 0.50 ;
Reasoning Steps:
Step: divide2-1(338, 6239) = 5.4%
Program:
divide(338, 6239)
Program (Nested):
divide(338, 6239)
| finqa302 |
what is the net change in shares of common stock outstanding from 2013 to 2014 in millions?
Important information:
text_14: changes in shares of common stock outstanding for 2014 and 2013 were as follows ( share data in millions ) : .
table_1: the shares outstanding at beginning of period of 2014 is 1945 ; the shares outstanding at beginning of period of 2013 is 1974 ;
table_4: the shares outstanding at end of period of 2014 is 1951 ; the shares outstanding at end of period of 2013 is 1945 ;
Reasoning Steps:
Step: minus1-1(1951, 1945) = 6
Program:
subtract(1951, 1945)
Program (Nested):
subtract(1951, 1945)
| 6.0 | 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:
morgan stanley notes to consolidated financial statements 2014 ( continued ) other regulated subsidiaries . certain other u.s . and non-u.s . subsidiaries are subject to various securities , commodities and banking regulations , and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate . these subsidiaries have consistently operated with capital in excess of their local capital adequacy requirements . morgan stanley derivative products inc . ( 201cmsdp 201d ) , a derivative products subsidiary rated a3 by moody 2019s and aa- by s&p , maintains certain operating restrictions that have been reviewed by moody 2019s and s&p . msdp is operated such that creditors of the company should not expect to have any claims on the assets of msdp , unless and until the obligations to its own creditors are satisfied in full . creditors of msdp should not expect to have any claims on the assets of the company or any of its affiliates , other than the respective assets of msdp . the regulatory capital requirements referred to above , and certain covenants contained in various agreements governing indebtedness of the company , may restrict the company 2019s ability to withdraw capital from its subsidiaries . at december 31 , 2014 and december 31 , 2013 , approximately $ 31.8 billion and $ 21.9 billion , respectively , of net assets of consolidated subsidiaries may be restricted as to the payment of cash dividends and advances to the parent company . 15 . total equity morgan stanley shareholders 2019 equity . common stock . changes in shares of common stock outstanding for 2014 and 2013 were as follows ( share data in millions ) : .
Table
| 2014 | 2013
shares outstanding at beginning of period | 1945 | 1974
treasury stock purchases ( 1 ) | -46 ( 46 ) | -27 ( 27 )
other ( 2 ) | 52 | -2 ( 2 )
shares outstanding at end of period | 1951 | 1945
( 1 ) treasury stock purchases include repurchases of common stock for employee tax withholding . ( 2 ) other includes net shares issued to and forfeited from employee stock trusts and issued for rsu conversions . treasury shares . at december 31 , 2014 , the company had approximately $ 0.3 billion remaining under its current share repurchase program . the share repurchase program is for capital management purposes and considers , among other things , business segment capital needs as well as equity-based compensation and benefit plan requirements . share repurchases under the company 2019s existing authorized program will be exercised from time to time at prices the company deems appropriate subject to various factors , including the company 2019s capital position and market conditions . the share repurchases may be effected through open market purchases or privately negotiated transactions , including through rule 10b5-1 plans , and may be suspended at any time . share repurchases by the company are subject to regulatory approval ( see 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities 201d in part ii , item 5 ) . in march 2014 , the company received no objection from the federal reserve to the company 2019s 2014 capital plan , which included a share repurchase of up to $ 1 billion of the company 2019s outstanding common stock beginning in the second quarter of 2014 through the end of the first quarter of 2015 as well as an increase in the company 2019s quarterly common stock dividend to $ 0.10 per share from $ 0.05 per share , beginning with the dividend declared on april 17 , 2014 . the cash dividends declared on the company 2019s outstanding preferred stock .
Question:
what is the net change in shares of common stock outstanding from 2013 to 2014 in millions?
Important information:
text_14: changes in shares of common stock outstanding for 2014 and 2013 were as follows ( share data in millions ) : .
table_1: the shares outstanding at beginning of period of 2014 is 1945 ; the shares outstanding at beginning of period of 2013 is 1974 ;
table_4: the shares outstanding at end of period of 2014 is 1951 ; the shares outstanding at end of period of 2013 is 1945 ;
Reasoning Steps:
Step: minus1-1(1951, 1945) = 6
Program:
subtract(1951, 1945)
Program (Nested):
subtract(1951, 1945)
| finqa303 |
on february 13 , 2009 what was the market capitalization
Important information:
table_9: 2008 the quarter ended december 31 of high is 46.53 ; the quarter ended december 31 of low is 40.08 ;
text_2: on february 13 , 2009 , the closing price of our common stock was $ 28.85 per share as reported on the nyse .
text_3: as of february 13 , 2009 , we had 397097677 outstanding shares of common stock and 499 registered holders .
Reasoning Steps:
Step: divide2-1(397097677, 28.85) = 11456267981.5
Program:
divide(397097677, 28.85)
Program (Nested):
divide(397097677, 28.85)
| 13764217.57366 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2008 and 2007. .
Table
2008 | high | low
quarter ended march 31 | $ 42.72 | $ 32.10
quarter ended june 30 | 46.10 | 38.53
quarter ended september 30 | 43.43 | 31.89
quarter ended december 31 | 37.28 | 19.35
2007 | high | low
quarter ended march 31 | $ 41.31 | $ 36.63
quarter ended june 30 | 43.84 | 37.64
quarter ended september 30 | 45.45 | 36.34
quarter ended december 31 | 46.53 | 40.08
on february 13 , 2009 , the closing price of our common stock was $ 28.85 per share as reported on the nyse . as of february 13 , 2009 , we had 397097677 outstanding shares of common stock and 499 registered holders . dividends we have never paid a dividend on our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 201c7.50% ( 201c7.50 % ) notes 201d ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 201c7.125% ( 201c7.125 % ) notes 201d ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . the loan agreement for our revolving credit facility and term loan , and the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied . in addition , while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization transaction . for more information about the restrictions under the loan agreement for the revolving credit facility and term loan , our notes indentures and the loan agreement related to our securitization transaction , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report. .
Question:
on february 13 , 2009 what was the market capitalization
Important information:
table_9: 2008 the quarter ended december 31 of high is 46.53 ; the quarter ended december 31 of low is 40.08 ;
text_2: on february 13 , 2009 , the closing price of our common stock was $ 28.85 per share as reported on the nyse .
text_3: as of february 13 , 2009 , we had 397097677 outstanding shares of common stock and 499 registered holders .
Reasoning Steps:
Step: divide2-1(397097677, 28.85) = 11456267981.5
Program:
divide(397097677, 28.85)
Program (Nested):
divide(397097677, 28.85)
| finqa304 |
what was the difference between the high and low aeco natural gas sales index?
Important information:
text_25: the table below shows benchmark prices that impact both our revenues and variable costs , listing high and low spot prices during the year. .
table_2: benchmark wti crude oil ( dollars per barrel ) the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of high $ 145.29 is $ 11.34 ; the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of date july 3 is july 1 ; the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of low $ 33.87 is $ 5.42 ; the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of date december 19 is september 19 ;
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: minus2-1(11.34, 5.42) = 5.92
Program:
subtract(11.34, 5.42)
Program (Nested):
subtract(11.34, 5.42)
| 5.92 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 was the difference between the high and low aeco natural gas sales index?
Important information:
text_25: the table below shows benchmark prices that impact both our revenues and variable costs , listing high and low spot prices during the year. .
table_2: benchmark wti crude oil ( dollars per barrel ) the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of high $ 145.29 is $ 11.34 ; the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of date july 3 is july 1 ; the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of low $ 33.87 is $ 5.42 ; the aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) of date december 19 is september 19 ;
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: minus2-1(11.34, 5.42) = 5.92
Program:
subtract(11.34, 5.42)
Program (Nested):
subtract(11.34, 5.42)
| finqa305 |
what portion of the suros acquisition price is paid in cash?
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: divide2-1(139000, 248100) = 56.0%
Program:
divide(139000, 248100)
Program (Nested):
divide(139000, 248100)
| 0.56026 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 portion of the suros acquisition price is paid in cash?
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: divide2-1(139000, 248100) = 56.0%
Program:
divide(139000, 248100)
Program (Nested):
divide(139000, 248100)
| finqa306 |
as of december 31 , 2016 what was the percent of the total commercial lending of the total commitments to extend credit and other commitments
Important information:
table_2: in millions the total commercial lending of december 312016 is $ 108256 ; the total commercial lending of december 312015 is $ 101252 ;
table_6: in millions the total commitments to extend credit of december 312016 is 151981 ; the total commitments to extend credit of december 312015 is 142489 ;
table_11: in millions the total commitments to extend credit and other commitments of december 312016 is $ 163897 ; the total commitments to extend credit and other commitments of december 312015 is $ 155141 ;
Reasoning Steps:
Step: divide1-1(108256, 163897) = 66.05%
Program:
divide(108256, 163897)
Program (Nested):
divide(108256, 163897)
| 0.66051 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 20 commitments in the normal course of business , we have various commitments outstanding , certain of which are not included on our consolidated balance sheet . the following table presents our outstanding commitments to extend credit along with significant other commitments as of december 31 , 2016 and december 31 , 2015 , respectively . table 98 : commitments to extend credit and other commitments in millions december 31 december 31 .
Table
in millions | december 312016 | december 312015
commitments to extend credit | |
total commercial lending | $ 108256 | $ 101252
home equity lines of credit | 17438 | 17268
credit card | 22095 | 19937
other | 4192 | 4032
total commitments to extend credit | 151981 | 142489
net outstanding standby letters of credit ( a ) | 8324 | 8765
reinsurance agreements ( b ) | 1835 | 2010
standby bond purchase agreements ( c ) | 790 | 911
other commitments ( d ) | 967 | 966
total commitments to extend credit and other commitments | $ 163897 | $ 155141
commitments to extend credit , or net unfunded loan commitments , represent arrangements to lend funds or provide liquidity subject to specified contractual conditions . these commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates . net outstanding standby letters of credit we issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution . approximately 94% ( 94 % ) and 93% ( 93 % ) of our net outstanding standby letters of credit were rated as pass as of december 31 , 2016 and december 31 , 2015 , respectively , with the remainder rated as below pass . an internal credit rating of pass indicates the expected risk of loss is currently low , while a rating of below pass indicates a higher degree of risk . if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them . the standby letters of credit outstanding on december 31 , 2016 had terms ranging from less than 1 year to 8 years . as of december 31 , 2016 , assets of $ 1.0 billion secured certain specifically identified standby letters of credit . in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us . the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ .2 billion at december 31 , 2016 and is included in other liabilities on our consolidated balance sheet . the pnc financial services group , inc . 2013 form 10-k 161 .
Question:
as of december 31 , 2016 what was the percent of the total commercial lending of the total commitments to extend credit and other commitments
Important information:
table_2: in millions the total commercial lending of december 312016 is $ 108256 ; the total commercial lending of december 312015 is $ 101252 ;
table_6: in millions the total commitments to extend credit of december 312016 is 151981 ; the total commitments to extend credit of december 312015 is 142489 ;
table_11: in millions the total commitments to extend credit and other commitments of december 312016 is $ 163897 ; the total commitments to extend credit and other commitments of december 312015 is $ 155141 ;
Reasoning Steps:
Step: divide1-1(108256, 163897) = 66.05%
Program:
divide(108256, 163897)
Program (Nested):
divide(108256, 163897)
| finqa307 |
what were average proportional recoverable environmental capital expenditures for the years december 31 , 2015 , 2014 and 2013 , in millions?
Important information:
table_7: calculation of proportional free cash flow ( in millions ) the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2015 is -51 ( 51 ) ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2014 is -56 ( 56 ) ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2013 is -75 ( 75 ) ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2015/2014 change is 5 ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2014/2013 change is 19 ;
text_24: ( 3 ) includes proportional adjustment amount for service concession asset expenditures of $ 84 million for the year ended december 31 , 2015 .
text_26: ( 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. .
Reasoning Steps:
Step: add1-1(205, 163) = 368
Step: add1-2(110, #0) = 478
Step: divide1-3(#1, const_3) = 159.3
Program:
add(205, 163), add(110, #0), divide(#1, const_3)
Program (Nested):
divide(add(110, add(205, 163)), const_3)
| 159.33333 | 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:
proportional free cash flow ( a non-gaap measure ) we define proportional free cash flow as cash flows from operating activities less maintenance capital expenditures ( including non-recoverable environmental capital expenditures ) , adjusted for the estimated impact of noncontrolling interests . the proportionate share of cash flows and related adjustments attributable to noncontrolling interests in our subsidiaries comprise the proportional adjustment factor presented in the reconciliation below . upon the company's adoption of the accounting guidance for service concession arrangements effective january 1 , 2015 , capital expenditures related to service concession assets that would have been classified as investing activities on the consolidated statement of cash flows are now classified as operating activities . see note 1 2014general and summary of significant accounting policies of this form 10-k for further information on the adoption of this guidance . beginning in the quarter ended march 31 , 2015 , the company changed the definition of proportional free cash flow to exclude the cash flows for capital expenditures related to service concession assets that are now classified within net cash provided by operating activities on the consolidated statement of cash flows . the proportional adjustment factor for these capital expenditures is presented in the reconciliation below . we also exclude environmental capital expenditures that are expected to be recovered through regulatory , contractual or other mechanisms . an example of recoverable environmental capital expenditures is ipl's investment in mats-related environmental upgrades that are recovered through a tracker . see item 1 . 2014us sbu 2014ipl 2014environmental matters for details of these investments . the gaap measure most comparable to proportional free cash flow is cash flows from operating activities . we believe that proportional free cash flow better reflects the underlying business performance of the company , as it measures the cash generated by the business , after the funding of maintenance capital expenditures , that may be available for investing or repaying debt or other purposes . factors in this determination include the impact of noncontrolling interests , where aes consolidates the results of a subsidiary that is not wholly-owned by the company . the presentation of free cash flow has material limitations . proportional free cash flow should not be construed as an alternative to cash from operating activities , which is determined in accordance with gaap . proportional free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed , such as debt service requirements and dividend payments . our definition of proportional free cash flow may not be comparable to similarly titled measures presented by other companies . calculation of proportional free cash flow ( in millions ) 2015 2014 2013 2015/2014change 2014/2013 change .
Table
calculation of proportional free cash flow ( in millions ) | 2015 | 2014 | 2013 | 2015/2014 change | 2014/2013 change
net cash provided by operating activities | $ 2134 | $ 1791 | $ 2715 | $ 343 | $ -924 ( 924 )
add : capital expenditures related to service concession assets ( 1 ) | 165 | 2014 | 2014 | 165 | 2014
adjusted operating cash flow | 2299 | 1791 | 2715 | 508 | -924 ( 924 )
less : proportional adjustment factor on operating cash activities ( 2 ) ( 3 ) | -558 ( 558 ) | -359 ( 359 ) | -834 ( 834 ) | -199 ( 199 ) | 475
proportional adjusted operating cash flow | 1741 | 1432 | 1881 | 309 | -449 ( 449 )
less : proportional maintenance capital expenditures net of reinsurance proceeds ( 2 ) | -449 ( 449 ) | -485 ( 485 ) | -535 ( 535 ) | 36 | 50
less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) | -51 ( 51 ) | -56 ( 56 ) | -75 ( 75 ) | 5 | 19
proportional free cash flow | $ 1241 | $ 891 | $ 1271 | $ 350 | $ -380 ( 380 )
( 1 ) service concession asset expenditures excluded from proportional free cash flow non-gaap metric . ( 2 ) the proportional adjustment factor , proportional maintenance capital expenditures ( net of reinsurance proceeds ) and proportional non-recoverable environmental capital expenditures are calculated by multiplying the percentage owned by noncontrolling interests for each entity by its corresponding consolidated cash flow metric and are totaled to the resulting figures . for example , parent company a owns 20% ( 20 % ) of subsidiary company b , a consolidated subsidiary . thus , subsidiary company b has an 80% ( 80 % ) noncontrolling interest . assuming a consolidated net cash flow from operating activities of $ 100 from subsidiary b , the proportional adjustment factor for subsidiary b would equal $ 80 ( or $ 100 x 80% ( 80 % ) ) . the company calculates the proportional adjustment factor for each consolidated business in this manner and then sums these amounts to determine the total proportional adjustment factor used in the reconciliation . the proportional adjustment factor may differ from the proportion of income attributable to noncontrolling interests as a result of ( a ) non-cash items which impact income but not cash and ( b ) aes' ownership interest in the subsidiary where such items occur . ( 3 ) includes proportional adjustment amount for service concession asset expenditures of $ 84 million for the year ended december 31 , 2015 . the company adopted service concession accounting effective january 1 , 2015 . ( 4 ) excludes ipl's proportional recoverable environmental capital expenditures of $ 205 million , $ 163 million and $ 110 million for the years december 31 , 2015 , 2014 and 2013 , respectively. .
Question:
what were average proportional recoverable environmental capital expenditures for the years december 31 , 2015 , 2014 and 2013 , in millions?
Important information:
table_7: calculation of proportional free cash flow ( in millions ) the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2015 is -51 ( 51 ) ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2014 is -56 ( 56 ) ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2013 is -75 ( 75 ) ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2015/2014 change is 5 ; the less : proportional non-recoverable environmental capital expenditures ( 2 ) ( 4 ) of 2014/2013 change is 19 ;
text_24: ( 3 ) includes proportional adjustment amount for service concession asset expenditures of $ 84 million for the year ended december 31 , 2015 .
text_26: ( 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. .
Reasoning Steps:
Step: add1-1(205, 163) = 368
Step: add1-2(110, #0) = 478
Step: divide1-3(#1, const_3) = 159.3
Program:
add(205, 163), add(110, #0), divide(#1, const_3)
Program (Nested):
divide(add(110, add(205, 163)), const_3)
| finqa308 |
what is the total return is $ 100000 are invested in s&p500 on january 1st , 2015 and sold at the end of 2016?
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_3: the s&p 500 of 12/28/2013 is 100.00 ; the s&p 500 of 1/3/2015 is 110.28 ; the s&p 500 of 1/2/2016 is 109.54 ; the s&p 500 of 12/31/2016 is 129.05 ; the s&p 500 of 12/30/2017 is 157.22 ; the s&p 500 of 12/29/2018 is 150.33 ;
table_4: the s&p 500 information technology of 12/28/2013 is 100.00 ; the s&p 500 information technology of 1/3/2015 is 115.49 ; the s&p 500 information technology of 1/2/2016 is 121.08 ; the s&p 500 information technology of 12/31/2016 is 144.85 ; the s&p 500 information technology of 12/30/2017 is 201.10 ; the s&p 500 information technology of 12/29/2018 is 200.52 ;
Reasoning Steps:
Step: minus1-1(129.05, 110.28) = 18.77
Step: divide1-2(100000, const_100) = 1000
Step: multiply1-3(#1, #0) = 1877
Program:
subtract(129.05, 110.28), divide(100000, const_100), multiply(#1, #0)
Program (Nested):
multiply(divide(100000, const_100), subtract(129.05, 110.28))
| 18770.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is traded on the nasdaq global select market under the symbol cdns . as of february 2 , 2019 , we had 523 registered stockholders and approximately 56000 beneficial owners of our common stock . stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index . the graph assumes that the value of the investment in our common stock and in each index on december 28 , 2013 ( including reinvestment of dividends ) was $ 100 and tracks it each year thereafter on the last day of our fiscal year through december 29 , 2018 and , for each index , on the last day of the calendar year . comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index 12/29/181/2/16 12/30/1712/28/13 12/31/161/3/15 *$ 100 invested on 12/28/13 in stock or index , including reinvestment of dividends . fiscal year ending december 29 . copyright a9 2019 standard & poor 2019s , a division of s&p global . all rights reserved . nasdaq compositecadence design systems , inc . s&p 500 s&p 500 information technology .
Table
| 12/28/2013 | 1/3/2015 | 1/2/2016 | 12/31/2016 | 12/30/2017 | 12/29/2018
cadence design systems inc . | $ 100.00 | $ 135.18 | $ 149.39 | $ 181.05 | $ 300.22 | $ 311.13
nasdaq composite | 100.00 | 112.60 | 113.64 | 133.19 | 172.11 | 165.84
s&p 500 | 100.00 | 110.28 | 109.54 | 129.05 | 157.22 | 150.33
s&p 500 information technology | 100.00 | 115.49 | 121.08 | 144.85 | 201.10 | 200.52
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question:
what is the total return is $ 100000 are invested in s&p500 on january 1st , 2015 and sold at the end of 2016?
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_3: the s&p 500 of 12/28/2013 is 100.00 ; the s&p 500 of 1/3/2015 is 110.28 ; the s&p 500 of 1/2/2016 is 109.54 ; the s&p 500 of 12/31/2016 is 129.05 ; the s&p 500 of 12/30/2017 is 157.22 ; the s&p 500 of 12/29/2018 is 150.33 ;
table_4: the s&p 500 information technology of 12/28/2013 is 100.00 ; the s&p 500 information technology of 1/3/2015 is 115.49 ; the s&p 500 information technology of 1/2/2016 is 121.08 ; the s&p 500 information technology of 12/31/2016 is 144.85 ; the s&p 500 information technology of 12/30/2017 is 201.10 ; the s&p 500 information technology of 12/29/2018 is 200.52 ;
Reasoning Steps:
Step: minus1-1(129.05, 110.28) = 18.77
Step: divide1-2(100000, const_100) = 1000
Step: multiply1-3(#1, #0) = 1877
Program:
subtract(129.05, 110.28), divide(100000, const_100), multiply(#1, #0)
Program (Nested):
multiply(divide(100000, const_100), subtract(129.05, 110.28))
| finqa309 |
what was the percentage increase total commitments to extend credit and other commitments
Important information:
table_6: in millions the total commitments to extend credit of december 31 2018 is 169278 ; the total commitments to extend credit of december 312017 is 159641 ;
table_10: in millions the other commitments ( d ) of december 31 2018 is 1130 ; the other commitments ( d ) of december 312017 is 1732 ;
table_11: in millions the total commitments to extend credit and other commitments of december 31 2018 is $ 181612 ; the total commitments to extend credit and other commitments of december 312017 is $ 172521 ;
Reasoning Steps:
Step: minus2-1(181612, 172521) = 9091
Step: divide2-2(#0, 172521) = 5.3%
Program:
subtract(181612, 172521), divide(#0, 172521)
Program (Nested):
divide(subtract(181612, 172521), 172521)
| 0.0527 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 pnc financial services group , inc . 2013 form 10-k 155 of such other legal proceedings will have a material adverse effect on our financial position . however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period . note 20 commitments in the normal course of business , we have various commitments outstanding , certain of which are not included on our consolidated balance sheet . the following table presents our outstanding commitments to extend credit along with significant other commitments as of december 31 , 2018 and 2017 , respectively . table 94 : commitments to extend credit and other commitments in millions december 31 december 31 .
Table
in millions | december 31 2018 | december 312017
commitments to extend credit | |
total commercial lending | $ 120165 | $ 112125
home equity lines of credit | 16944 | 17852
credit card | 27100 | 24911
other | 5069 | 4753
total commitments to extend credit | 169278 | 159641
net outstanding standby letters of credit ( a ) | 8655 | 8651
reinsurance agreements ( b ) | 1549 | 1654
standby bond purchase agreements ( c ) | 1000 | 843
other commitments ( d ) | 1130 | 1732
total commitments to extend credit and other commitments | $ 181612 | $ 172521
commitments to extend credit , or net unfunded loan commitments , represent arrangements to lend funds or provide liquidity subject to specified contractual conditions . these commitments generally have fixed expiration dates , may require payment of a fee , and generally contain termination clauses in the event the customer 2019s credit quality deteriorates . net outstanding standby letters of credit we issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution . approximately 91% ( 91 % ) of our net outstanding standby letters of credit were rated as pass at both december 31 , 2018 and 2017 , with the remainder rated as criticized . an internal credit rating of pass indicates the expected risk of loss is currently low , while a rating of criticized indicates a higher degree of risk . if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them . the standby letters of credit outstanding on december 31 , 2018 had terms ranging from less than one year to six years . as of december 31 , 2018 , assets of $ 1.1 billion secured certain specifically identified standby letters of credit . in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us . the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ .2 billion at december 31 , 2018 and is included in other liabilities on our consolidated balance sheet. .
Question:
what was the percentage increase total commitments to extend credit and other commitments
Important information:
table_6: in millions the total commitments to extend credit of december 31 2018 is 169278 ; the total commitments to extend credit of december 312017 is 159641 ;
table_10: in millions the other commitments ( d ) of december 31 2018 is 1130 ; the other commitments ( d ) of december 312017 is 1732 ;
table_11: in millions the total commitments to extend credit and other commitments of december 31 2018 is $ 181612 ; the total commitments to extend credit and other commitments of december 312017 is $ 172521 ;
Reasoning Steps:
Step: minus2-1(181612, 172521) = 9091
Step: divide2-2(#0, 172521) = 5.3%
Program:
subtract(181612, 172521), divide(#0, 172521)
Program (Nested):
divide(subtract(181612, 172521), 172521)
| finqa310 |
for the quarter ended september 30 , 2013 what was the total number of shares purchased in august
Important information:
table_2: period the august 1-31 2013 of ( a ) totalnumber ofsharespurchased ( 1 ) is 6640563 ; the august 1-31 2013 of ( b ) averageprice paidper share is $ 176.78 ; the august 1-31 2013 of ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) is 6638189 ; the august 1-31 2013 of ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 ) is $ 250658812 ;
table_3: period the september 1-30 2013 of ( a ) totalnumber ofsharespurchased ( 1 ) is 2014 ; the september 1-30 2013 of ( b ) averageprice paidper share is $ 2014 ; the september 1-30 2013 of ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) is 2014 ; the september 1-30 2013 of ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 ) is $ 250658812 ;
table_4: period the total of ( a ) totalnumber ofsharespurchased ( 1 ) is 7385711 ; the total of ( b ) averageprice paidper share is $ 177.47 ; the total of ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) is 7382689 ; the total of ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 ) is ;
Reasoning Steps:
Step: divide1-1(6640563, 7385711) = 89.9%
Program:
divide(6640563, 7385711)
Program (Nested):
divide(6640563, 7385711)
| 0.89911 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
additionally , in october 2013 , our board of directors declared a quarterly cash dividend of $ 0.40 per share of class a common stock ( determined in the case of class b and c common stock , on an as-converted basis ) payable on december 3 , 2013 , to holders of record as of november 15 , 2013 of our class a , b and c common stock . subject to legally available funds , we expect to continue paying quarterly cash dividends on our outstanding class a , b and c common stock in the future . however , the declaration and payment of future dividends is at the sole discretion of our board of directors after taking into account various factors , including , but not limited to , our financial condition , settlement indemnifications , operating results , available cash and current and anticipated cash needs . issuer purchases of equity securities the table below sets forth the information with respect to purchases of the company 2019s common stock made by or on behalf of the company during the quarter ended september 30 , 2013 . period number of shares purchased ( 1 ) average price paid per share number of shares purchased as part of publicly announced plans or programs ( 2 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( 2 ) .
Table
period | ( a ) totalnumber ofsharespurchased ( 1 ) | ( b ) averageprice paidper share | ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) | ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 )
july 1-31 2013 | 745148 | $ 183.69 | 744500 | $ 1424252596
august 1-31 2013 | 6640563 | $ 176.78 | 6638189 | $ 250658812
september 1-30 2013 | 2014 | $ 2014 | 2014 | $ 250658812
total | 7385711 | $ 177.47 | 7382689 |
( 1 ) includes 3022 shares of class a common stock withheld at an average price of $ 182.50 per share ( per the terms of grants under the visa 2007 equity incentive compensation plan ) to offset tax withholding obligations that occur upon vesting and release of restricted shares . ( 2 ) the figures in the table reflect transactions according to the trade dates . for purposes of our consolidated financial statements included in this form 10-k , the impact of these repurchases is recorded according to the settlement dates . in october 2013 , the company 2019s board of directors authorized an additional $ 5.0 billion share repurchase program. .
Question:
for the quarter ended september 30 , 2013 what was the total number of shares purchased in august
Important information:
table_2: period the august 1-31 2013 of ( a ) totalnumber ofsharespurchased ( 1 ) is 6640563 ; the august 1-31 2013 of ( b ) averageprice paidper share is $ 176.78 ; the august 1-31 2013 of ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) is 6638189 ; the august 1-31 2013 of ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 ) is $ 250658812 ;
table_3: period the september 1-30 2013 of ( a ) totalnumber ofsharespurchased ( 1 ) is 2014 ; the september 1-30 2013 of ( b ) averageprice paidper share is $ 2014 ; the september 1-30 2013 of ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) is 2014 ; the september 1-30 2013 of ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 ) is $ 250658812 ;
table_4: period the total of ( a ) totalnumber ofsharespurchased ( 1 ) is 7385711 ; the total of ( b ) averageprice paidper share is $ 177.47 ; the total of ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) is 7382689 ; the total of ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 ) is ;
Reasoning Steps:
Step: divide1-1(6640563, 7385711) = 89.9%
Program:
divide(6640563, 7385711)
Program (Nested):
divide(6640563, 7385711)
| finqa311 |
what portion of the purchasing price is dedicated to net tangible assets?
Important information:
table_3: net tangible assets acquired as of may 2 2006 the customer relationship of $ 24800 is 800 ;
table_4: net tangible assets acquired as of may 2 2006 the trade name of $ 24800 is 400 ;
table_7: net tangible assets acquired as of may 2 2006 the final purchase price of $ 24800 is $ 31300 ;
Reasoning Steps:
Step: divide2-1(24800, 31300) = 79.2%
Program:
divide(24800, 31300)
Program (Nested):
divide(24800, 31300)
| 0.79233 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 ) the acquisition also provided for a one-year earn out of eur 1700 ( approximately $ 2000 usd ) which was payable in cash if aeg calendar year 2006 earnings , as defined , exceeded a pre-determined amount . aeg 2019s 2006 earnings did not exceed such pre-determined amounts and no payment was made . the components and allocation of the purchase price , consists of the following approximate amounts: .
Table
net tangible assets acquired as of may 2 2006 | $ 24800
in-process research and development | 600
developed technology and know-how | 1900
customer relationship | 800
trade name | 400
deferred income taxes | -3000 ( 3000 )
goodwill | 5800
final purchase price | $ 31300
the company implemented a plan to restructure certain of aeg 2019s historical activities . the company originally recorded a liability of approximately $ 2100 in accordance with eitf issue no . 95-3 , recognition of liabilities in connection with a purchase business combination , related to the termination of certain employees under this plan . upon completion of the plan in fiscal 2007 the company reduced this liability by approximately $ 241 with a corresponding reduction in goodwill . all amounts have been paid as of september 29 , 2007 . as part of the aeg acquisition the company acquired a minority interest in the equity securities of a private german company . the company estimated the fair value of these securities to be approximately $ 1400 in its original purchase price allocation . during the year ended september 29 , 2007 , the company sold these securities for proceeds of approximately $ 2150 . the difference of approximately $ 750 between the preliminary fair value estimate and proceeds upon sale was recorded as a reduction of goodwill . the final purchase price allocations were completed within one year of the acquisition and the adjustments did not have a material impact on the company 2019s financial position or results of operations . there have been no other material changes to the purchase price allocation . as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name , developed technology and know how and in-process research and development had separately identifiable values . the fair value of these intangible assets was determined through the application of the income approach . customer relationship represents aeg 2019s high dependency on a small number of large accounts . aeg markets its products through distributors as well as directly to its own customers . trade name represents aeg 2019s product names that the company intends to continue to use . developed technology and know how represents currently marketable purchased products that the company continues to sell as well as utilize to enhance and incorporate into the company 2019s existing products . the intangible assets are expected to be amortized on a straight-line basis over the expected useful lives as the anticipated undiscounted cash flows are relatively consistent over the expected useful lives of the intangible assets . the estimated $ 600 of purchase price allocated to in-process research and development projects related to aeg 2019s organic photoconductor coating and selenium product lines . the deferred income tax liability relates to the tax effect of acquired identifiable intangible assets , and fair value adjustments to acquired inventory , land , building and related improvements as such amounts are not deductible for tax purposes . the company had an existing relationship with aeg as a supplier of inventory items . the supply agreement was entered into in prior years at arm 2019s length terms and conditions . no minimum purchase requirements existed and the pricing was consistent with other vendor agreements. .
Question:
what portion of the purchasing price is dedicated to net tangible assets?
Important information:
table_3: net tangible assets acquired as of may 2 2006 the customer relationship of $ 24800 is 800 ;
table_4: net tangible assets acquired as of may 2 2006 the trade name of $ 24800 is 400 ;
table_7: net tangible assets acquired as of may 2 2006 the final purchase price of $ 24800 is $ 31300 ;
Reasoning Steps:
Step: divide2-1(24800, 31300) = 79.2%
Program:
divide(24800, 31300)
Program (Nested):
divide(24800, 31300)
| finqa312 |
without the commercial banking segment , what would 2005 operating income have been reduced to , in us$ m?
Important information:
text_0: segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .
table_4: year ended december 31 , ( in millions except ratios ) the commercial banking of year ended december 31 , 2005 is 1007 ; the commercial banking of year ended december 31 , 2004 is 608 ; the commercial banking of year ended december 31 , change is 66 ; the commercial banking of 2005 is 30 ; the commercial banking of 2004 is 29 ;
table_8: year ended december 31 , ( in millions except ratios ) the total of year ended december 31 , 2005 is $ 10521 ; the total of year ended december 31 , 2004 is $ 8211 ; the total of year ended december 31 , change is 28% ( 28 % ) ; the total of 2005 is 17% ( 17 % ) ; the total of 2004 is 16% ( 16 % ) ;
Reasoning Steps:
Step: minus2-1(10521, 1007) = 9514
Program:
subtract(10521, 1007)
Program (Nested):
subtract(10521, 1007)
| 9514.0 | 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:
segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .
Table
year ended december 31 , ( in millions except ratios ) | year ended december 31 , 2005 | year ended december 31 , 2004 | year ended december 31 , change | 2005 | 2004
investment bank | $ 3658 | $ 2948 | 24% ( 24 % ) | 18% ( 18 % ) | 17% ( 17 % )
retail financial services | 3427 | 2199 | 56 | 26 | 24
card services | 1907 | 1274 | 50 | 16 | 17
commercial banking | 1007 | 608 | 66 | 30 | 29
treasury & securities services | 1037 | 440 | 136 | 55 | 17
asset & wealth management | 1216 | 681 | 79 | 51 | 17
corporate | -1731 ( 1731 ) | 61 | nm | nm | nm
total | $ 10521 | $ 8211 | 28% ( 28 % ) | 17% ( 17 % ) | 16% ( 16 % )
jpmorgan chase & co . / 2005 annual report 35 and are retained in corporate . these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments . during 2005 , the firm refined cost allocation methodologies related to certain corporate functions , technology and operations expenses in order to improve transparency , consistency and accountability with regard to costs allocated across business segments . prior periods have not been revised to reflect these new cost allocation methodologies . capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements . the amount of capital assigned to each business is referred to as equity . at the time of the merger , goodwill , as well as the associated capital , was allocated solely to corporate . effective january 2006 , the firm expects to refine its methodology for allocating capital to the business segments to include any goodwill associated with line of business-directed acquisitions since the merger . u.s . gaap requires the allocation of goodwill to the business segments for impairment testing ( see critical accounting estimates used by the firm and note 15 on pages 81 2013 83 and 114 2013116 , respectively , of this annual report ) . see the capital management section on page 56 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be based upon pre-tax earnings , net of the cost of capital related to those exposures . prior to the merger , the credit reimbursement was based upon pre-tax earnings , plus the allocated capital associated with the shared clients . tax-equivalent adjustments segment and firm results reflect revenues on a tax-equivalent basis for segment reporting purposes . refer to explanation and reconciliation of the firm 2019s non-gaap financial measures on page 31 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and expense using market-based methodologies . effective with the merger on july 1 , 2004 , several of the allocation methodologies were revised , as noted below . as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods beginning with the third quarter of 2004 . further , the firm continues to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions . these revenue-sharing agreements were revised on the merger date to provide consistency across the lines of business . funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and expense to each business and transfer the primary interest rate risk exposures to corporate . the allocation process is unique to each business and considers the interest rate risk , liquidity risk and regulatory requirements of its stand- alone peers . business segments may retain certain interest rate exposures , subject to management approval , that would be expected in the normal operation of a similar peer business . in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms . expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based upon their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided . effective with the third quarter of 2004 , the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments .
Question:
without the commercial banking segment , what would 2005 operating income have been reduced to , in us$ m?
Important information:
text_0: segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .
table_4: year ended december 31 , ( in millions except ratios ) the commercial banking of year ended december 31 , 2005 is 1007 ; the commercial banking of year ended december 31 , 2004 is 608 ; the commercial banking of year ended december 31 , change is 66 ; the commercial banking of 2005 is 30 ; the commercial banking of 2004 is 29 ;
table_8: year ended december 31 , ( in millions except ratios ) the total of year ended december 31 , 2005 is $ 10521 ; the total of year ended december 31 , 2004 is $ 8211 ; the total of year ended december 31 , change is 28% ( 28 % ) ; the total of 2005 is 17% ( 17 % ) ; the total of 2004 is 16% ( 16 % ) ;
Reasoning Steps:
Step: minus2-1(10521, 1007) = 9514
Program:
subtract(10521, 1007)
Program (Nested):
subtract(10521, 1007)
| finqa313 |
what was the difference in total return percentage beteween e*trade financial corporation and the s&p 500 index for the five years ended 12/14?
Important information:
table_1: the e*trade financial corporation of 12/09 is 100.00 ; the e*trade financial corporation of 12/10 is 90.91 ; the e*trade financial corporation of 12/11 is 45.23 ; the e*trade financial corporation of 12/12 is 50.85 ; the e*trade financial corporation of 12/13 is 111.59 ; the e*trade financial corporation of 12/14 is 137.81 ;
table_2: the s&p 500 index of 12/09 is 100.00 ; the s&p 500 index of 12/10 is 115.06 ; the s&p 500 index of 12/11 is 117.49 ; the s&p 500 index of 12/12 is 136.30 ; the s&p 500 index of 12/13 is 180.44 ; the s&p 500 index of 12/14 is 205.14 ;
table_3: the dow jones us financials index of 12/09 is 100.00 ; the dow jones us financials index of 12/10 is 112.72 ; the dow jones us financials index of 12/11 is 98.24 ; the dow jones us financials index of 12/12 is 124.62 ; the dow jones us financials index of 12/13 is 167.26 ; the dow jones us financials index of 12/14 is 191.67 ;
Reasoning Steps:
Step: minus2-1(137.81, const_100) = 37.81
Step: divide2-2(#0, const_100) = 37.81%
Step: minus2-3(205.14, const_100) = 105.14
Step: divide2-4(#2, const_100) = 105.14%
Step: minus2-5(#1, #3) = -67.33%
Program:
subtract(137.81, const_100), divide(#0, const_100), subtract(205.14, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(137.81, const_100), const_100), divide(subtract(205.14, const_100), const_100))
| -0.6733 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor ( "s&p" ) 500 index and the dow jones us financials index during the period from december 31 , 2009 through december 31 , 2014. .
Table
| 12/09 | 12/10 | 12/11 | 12/12 | 12/13 | 12/14
e*trade financial corporation | 100.00 | 90.91 | 45.23 | 50.85 | 111.59 | 137.81
s&p 500 index | 100.00 | 115.06 | 117.49 | 136.30 | 180.44 | 205.14
dow jones us financials index | 100.00 | 112.72 | 98.24 | 124.62 | 167.26 | 191.67
table of contents .
Question:
what was the difference in total return percentage beteween e*trade financial corporation and the s&p 500 index for the five years ended 12/14?
Important information:
table_1: the e*trade financial corporation of 12/09 is 100.00 ; the e*trade financial corporation of 12/10 is 90.91 ; the e*trade financial corporation of 12/11 is 45.23 ; the e*trade financial corporation of 12/12 is 50.85 ; the e*trade financial corporation of 12/13 is 111.59 ; the e*trade financial corporation of 12/14 is 137.81 ;
table_2: the s&p 500 index of 12/09 is 100.00 ; the s&p 500 index of 12/10 is 115.06 ; the s&p 500 index of 12/11 is 117.49 ; the s&p 500 index of 12/12 is 136.30 ; the s&p 500 index of 12/13 is 180.44 ; the s&p 500 index of 12/14 is 205.14 ;
table_3: the dow jones us financials index of 12/09 is 100.00 ; the dow jones us financials index of 12/10 is 112.72 ; the dow jones us financials index of 12/11 is 98.24 ; the dow jones us financials index of 12/12 is 124.62 ; the dow jones us financials index of 12/13 is 167.26 ; the dow jones us financials index of 12/14 is 191.67 ;
Reasoning Steps:
Step: minus2-1(137.81, const_100) = 37.81
Step: divide2-2(#0, const_100) = 37.81%
Step: minus2-3(205.14, const_100) = 105.14
Step: divide2-4(#2, const_100) = 105.14%
Step: minus2-5(#1, #3) = -67.33%
Program:
subtract(137.81, const_100), divide(#0, const_100), subtract(205.14, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(137.81, const_100), const_100), divide(subtract(205.14, const_100), const_100))
| finqa314 |
if there were a 100bp rise in rates , how much more would the impact be on earnings in 2009 vs . 2008?\\n
Important information:
text_22: jpmorgan chase 2019s 12-month pretax earnings sensitivity profile as of december 31 , 2009 and 2008 , is as follows. .
table_1: ( in millions ) the december 31 2009 of immediate change in rates +200bp is $ -1594 ( 1594 ) ; the december 31 2009 of immediate change in rates +100bp is $ -554 ( 554 ) ; the december 31 2009 of immediate change in rates -100bp is nm ( a ) ; the december 31 2009 of immediate change in rates -200bp is nm ( a ) ;
table_2: ( in millions ) the december 31 2008 of immediate change in rates +200bp is $ 336 ; the december 31 2008 of immediate change in rates +100bp is $ 672 ; the december 31 2008 of immediate change in rates -100bp is nm ( a ) ; the december 31 2008 of immediate change in rates -200bp is nm ( a ) ;
Reasoning Steps:
Step: minus2-1(672, -554) = 1226
Program:
subtract(672, -554)
Program (Nested):
subtract(672, -554)
| 1226.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
jpmorgan chase & co./2009 annual report 131 earnings-at-risk stress testing the var and stress-test measures described above illustrate the total economic sensitivity of the firm 2019s consolidated balance sheets to changes in market variables . the effect of interest rate exposure on reported net income is also important . interest rate risk exposure in the firm 2019s core nontrading business activities ( i.e. , asset/liability management positions ) results from on 2013and off 2013balance sheet positions and can occur due to a variety of factors , including : 2022 differences in the timing among the maturity or repricing of assets , liabilities and off 2013balance sheet instruments . for example , if liabilities reprice quicker than assets and funding interest rates are declining , earnings will increase initially . 2022 differences in the amounts of assets , liabilities and off 2013balance sheet instruments that are repricing at the same time . for example , if more deposit liabilities are repricing than assets when general interest rates are declining , earnings will increase initially . 2022 differences in the amounts by which short-term and long-term market interest rates change ( for example , changes in the slope of the yield curve , because the firm has the ability to lend at long-term fixed rates and borrow at variable or short- term fixed rates ) . based on these scenarios , the firm 2019s earnings would be affected negatively by a sudden and unanticipated increase in short-term rates paid on its liabilities ( e.g. , depos- its ) without a corresponding increase in long-term rates re- ceived on its assets ( e.g. , loans ) . conversely , higher long-term rates received on assets generally are beneficial to earnings , particularly when the increase is not accompanied by rising short-term rates paid on liabilities . 2022 the impact of changes in the maturity of various assets , liabili- ties or off 2013balance sheet instruments as interest rates change . for example , if more borrowers than forecasted pay down higher-rate loan balances when general interest rates are de- clining , earnings may decrease initially . the firm manages interest rate exposure related to its assets and liabilities on a consolidated , corporate-wide basis . business units transfer their interest rate risk to treasury through a transfer- pricing system , which takes into account the elements of interest rate exposure that can be risk-managed in financial markets . these elements include asset and liability balances and contrac- tual rates of interest , contractual principal payment schedules , expected prepayment experience , interest rate reset dates and maturities , rate indices used for repricing , and any interest rate ceilings or floors for adjustable rate products . all transfer-pricing assumptions are dynamically reviewed . the firm conducts simulations of changes in net interest income from its nontrading activities under a variety of interest rate scenarios . earnings-at-risk tests measure the potential change in the firm 2019s net interest income , and the corresponding impact to the firm 2019s pretax earnings , over the following 12 months . these tests highlight exposures to various rate-sensitive factors , such as the rates themselves ( e.g. , the prime lending rate ) , pricing strate- gies on deposits , optionality and changes in product mix . the tests include forecasted balance sheet changes , such as asset sales and securitizations , as well as prepayment and reinvestment behavior . immediate changes in interest rates present a limited view of risk , and so a number of alternative scenarios are also reviewed . these scenarios include the implied forward curve , nonparallel rate shifts and severe interest rate shocks on selected key rates . these scenar- ios are intended to provide a comprehensive view of jpmorgan chase 2019s earnings at risk over a wide range of outcomes . jpmorgan chase 2019s 12-month pretax earnings sensitivity profile as of december 31 , 2009 and 2008 , is as follows. .
Table
( in millions ) | immediate change in rates +200bp | immediate change in rates +100bp | immediate change in rates -100bp | immediate change in rates -200bp
december 31 2009 | $ -1594 ( 1594 ) | $ -554 ( 554 ) | nm ( a ) | nm ( a )
december 31 2008 | $ 336 | $ 672 | nm ( a ) | nm ( a )
december 31 , 2009 $ ( 1594 ) $ ( 554 ) nm ( a ) nm ( a ) december 31 , 2008 $ 336 $ 672 nm ( a ) nm ( a ) ( a ) down 100- and 200-basis-point parallel shocks result in a fed funds target rate of zero , and negative three- and six-month treasury rates . the earnings- at-risk results of such a low-probability scenario are not meaningful . the change in earnings at risk from december 31 , 2008 , results from a higher level of afs securities and an updated baseline scenario that uses higher short-term interest rates . the firm 2019s risk to rising rates is largely the result of increased funding costs on assets , partially offset by widening deposit margins , which are currently compressed due to very low short-term interest rates . additionally , another interest rate scenario , involving a steeper yield curve with long-term rates rising 100 basis points and short- term rates staying at current levels , results in a 12-month pretax earnings benefit of $ 449 million . the increase in earnings is due to reinvestment of maturing assets at the higher long-term rates , with funding costs remaining unchanged . risk identification for large exposures individuals who manage risk positions , particularly those that are complex , are responsible for identifying potential losses that could arise from specific , unusual events , such as a potential tax change , and estimating the probabilities of losses arising from such events . this information is entered into the firm 2019s rifle database . management of trading businesses control rifle entries , thereby permitting the firm to monitor further earnings vulnerability not adequately covered by standard risk measures . risk monitoring and control limits market risk is controlled primarily through a series of limits . limits reflect the firm 2019s risk appetite in the context of the market environment and business strategy . in setting limits , the firm takes into consideration factors such as market volatility , product liquidity , business trends and management experience. .
Question:
if there were a 100bp rise in rates , how much more would the impact be on earnings in 2009 vs . 2008?\\n
Important information:
text_22: jpmorgan chase 2019s 12-month pretax earnings sensitivity profile as of december 31 , 2009 and 2008 , is as follows. .
table_1: ( in millions ) the december 31 2009 of immediate change in rates +200bp is $ -1594 ( 1594 ) ; the december 31 2009 of immediate change in rates +100bp is $ -554 ( 554 ) ; the december 31 2009 of immediate change in rates -100bp is nm ( a ) ; the december 31 2009 of immediate change in rates -200bp is nm ( a ) ;
table_2: ( in millions ) the december 31 2008 of immediate change in rates +200bp is $ 336 ; the december 31 2008 of immediate change in rates +100bp is $ 672 ; the december 31 2008 of immediate change in rates -100bp is nm ( a ) ; the december 31 2008 of immediate change in rates -200bp is nm ( a ) ;
Reasoning Steps:
Step: minus2-1(672, -554) = 1226
Program:
subtract(672, -554)
Program (Nested):
subtract(672, -554)
| finqa315 |
what was the average expected life of the options for the three year period?
Important information:
table_2: the expected annual dividends per share of 2007 is $ 0.96 ; the expected annual dividends per share of 2006 is $ 0.80 ; the expected annual dividends per share of 2005 is $ 0.66 ;
table_3: the expected life in years of 2007 is 5.0 ; the expected life in years of 2006 is 5.1 ; the expected life in years of 2005 is 5.5 ;
table_6: the weighted average grant date fair value of stock option awards granted of 2007 is $ 17.24 ; the weighted average grant date fair value of stock option awards granted of 2006 is $ 10.19 ; the weighted average grant date fair value of stock option awards granted of 2005 is $ 6.15 ;
Reasoning Steps:
Step: average1-1(expected life in years, none) = 5.2
Program:
table_average(expected life in years, none)
Program (Nested):
table_average(expected life in years, none)
| 5.2 | 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:
stock-based awards under the plan stock options 2013 marathon grants stock options under the 2007 plan and previously granted options under the 2003 plan . marathon 2019s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant . through 2004 , certain stock options were granted under the 2003 plan with a tandem stock appreciation right , which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock , as determined in accordance with the 2003 plan , over the option price of the shares . in general , stock options granted under the 2007 plan and the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock appreciation rights 2013 prior to 2005 , marathon granted sars under the 2003 plan . no stock appreciation rights have been granted under the 2007 plan . similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price . under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options . in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock-based performance awards 2013 prior to 2005 , marathon granted stock-based performance awards under the 2003 plan . no stock-based performance awards have been granted under the 2007 plan . beginning in 2005 , marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers . all stock-based performance awards granted under the 2003 plan have either vested or been forfeited . as a result , there are no outstanding stock-based performance awards . restricted stock 2013 marathon grants restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan . in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package . the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment . marathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes . the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment . prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon . the non-vested shares are not transferable and are held by marathon 2019s transfer agent . common stock units 2013 marathon maintains an equity compensation program for its non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan . all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors . when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units . stock-based compensation expense 2013 total employee stock-based compensation expense was $ 80 million , $ 83 million and $ 111 million in 2007 , 2006 and 2005 . the total related income tax benefits were $ 29 million , $ 31 million and $ 39 million . in 2007 and 2006 , cash received upon exercise of stock option awards was $ 27 million and $ 50 million . tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 30 million and $ 36 million . cash settlements of stock option awards totaled $ 1 million and $ 3 million in 2007 and 2006 . stock option awards granted 2013 during 2007 , 2006 and 2005 , marathon granted stock option awards to both officer and non-officer employees . the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: .
Table
| 2007 | 2006 | 2005
weighted average exercise price per share | $ 60.94 | $ 37.84 | $ 25.14
expected annual dividends per share | $ 0.96 | $ 0.80 | $ 0.66
expected life in years | 5.0 | 5.1 | 5.5
expected volatility | 27% ( 27 % ) | 28% ( 28 % ) | 28% ( 28 % )
risk-free interest rate | 4.1% ( 4.1 % ) | 5.0% ( 5.0 % ) | 3.8% ( 3.8 % )
weighted average grant date fair value of stock option awards granted | $ 17.24 | $ 10.19 | $ 6.15
.
Question:
what was the average expected life of the options for the three year period?
Important information:
table_2: the expected annual dividends per share of 2007 is $ 0.96 ; the expected annual dividends per share of 2006 is $ 0.80 ; the expected annual dividends per share of 2005 is $ 0.66 ;
table_3: the expected life in years of 2007 is 5.0 ; the expected life in years of 2006 is 5.1 ; the expected life in years of 2005 is 5.5 ;
table_6: the weighted average grant date fair value of stock option awards granted of 2007 is $ 17.24 ; the weighted average grant date fair value of stock option awards granted of 2006 is $ 10.19 ; the weighted average grant date fair value of stock option awards granted of 2005 is $ 6.15 ;
Reasoning Steps:
Step: average1-1(expected life in years, none) = 5.2
Program:
table_average(expected life in years, none)
Program (Nested):
table_average(expected life in years, none)
| finqa316 |
what is the long-term retail/hnw in americas 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: divide1-1(298024, 403484) = 73.9%
Program:
divide(298024, 403484)
Program (Nested):
divide(298024, 403484)
| 0.73863 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 americas 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: divide1-1(298024, 403484) = 73.9%
Program:
divide(298024, 403484)
Program (Nested):
divide(298024, 403484)
| finqa317 |
does the company spend more on advertising in 2012 than on research and development?
Important information:
text_19: advertising costs advertising costs are expensed in the year incurred and totaled $ 345 million , $ 288 million and $ 245 million in 2013 , 2012 and 2011 , respectively .
table_1: ( millions ) the research and development 2013 total of 2013 is $ 505 ; the research and development 2013 total of 2012 is $ 468 ; the research and development 2013 total of 2011 is $ 443 ;
table_3: ( millions ) the research and development net of 2013 is $ 488 ; the research and development net of 2012 is $ 453 ; the research and development net of 2011 is $ 428 ;
Reasoning Steps:
Step: compare_larger2-1(288, 468) = no
Program:
greater(288, 468)
Program (Nested):
greater(288, 468)
| no | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
38 2013 ppg annual report and form 10-k notes to the consolidated financial statements 1 . summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc . ( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s . and non-u.s. , that it controls . ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls . for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests . investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting . as a result , ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in "investments" in the accompanying consolidated balance sheet . transactions between ppg and its subsidiaries are eliminated in consolidation . use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s . generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period . such estimates also include the fair value of assets acquired and liabilities assumed as a result of allocations of purchase price of business combinations consummated . actual outcomes could differ from those estimates . revenue recognition the company recognizes revenue when the earnings process is complete . revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered . shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income . shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales , exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income . selling , general and administrative costs amounts presented as 201cselling , general and administrative 201d in the accompanying consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate- wide functional support in such areas as finance , law , human resources and planning . distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses , terminals and other distribution facilities . advertising costs advertising costs are expensed in the year incurred and totaled $ 345 million , $ 288 million and $ 245 million in 2013 , 2012 and 2011 , respectively . research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred . the following are the research and development costs for the years ended december 31: .
Table
( millions ) | 2013 | 2012 | 2011
research and development 2013 total | $ 505 | $ 468 | $ 443
less depreciation on research facilities | 17 | 15 | 15
research and development net | $ 488 | $ 453 | $ 428
legal costs legal costs are expensed as incurred . legal costs incurred by ppg include legal costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes . foreign currency translation the functional currency of most significant non-u.s . operations is their local currency . assets and liabilities of those operations are translated into u.s . dollars using year-end exchange rates ; income and expenses are translated using the average exchange rates for the reporting period . unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss , a separate component of shareholders 2019 equity . cash equivalents cash equivalents are highly liquid investments ( valued at cost , which approximates fair value ) acquired with an original maturity of three months or less . short-term investments short-term investments are highly liquid , high credit quality investments ( valued at cost plus accrued interest ) that have stated maturities of greater than three months to one year . the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows . marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .
Question:
does the company spend more on advertising in 2012 than on research and development?
Important information:
text_19: advertising costs advertising costs are expensed in the year incurred and totaled $ 345 million , $ 288 million and $ 245 million in 2013 , 2012 and 2011 , respectively .
table_1: ( millions ) the research and development 2013 total of 2013 is $ 505 ; the research and development 2013 total of 2012 is $ 468 ; the research and development 2013 total of 2011 is $ 443 ;
table_3: ( millions ) the research and development net of 2013 is $ 488 ; the research and development net of 2012 is $ 453 ; the research and development net of 2011 is $ 428 ;
Reasoning Steps:
Step: compare_larger2-1(288, 468) = no
Program:
greater(288, 468)
Program (Nested):
greater(288, 468)
| finqa318 |
what is the annual interest expense for entergy louisiana incurred from the series first mortgage bonds due september 2018 , in millions?
Important information:
text_9: entergy louisiana's receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
text_14: in august 2008 , entergy louisiana issued $ 300 million of 6.50% ( 6.50 % ) series first mortgage bonds due september 2018 .
text_15: the net proceeds of the issuance will be used for capital expenditures , working capital needs , and general corporate purposes .
Reasoning Steps:
Step: multiply1-1(300, 6.50%) = 19.5
Program:
multiply(300, 6.50%)
Program (Nested):
multiply(300, 6.50%)
| 19.5 | 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:
entergy louisiana , llc management's financial discussion and analysis entergy's utility supply plan initiative will continue to seek to transform its generation portfolio with new or repowered generation resources . opportunities resulting from the supply plan initiative , including new projects or the exploration of alternative financing sources , could result in increases or decreases in the capital expenditure estimates given above . the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , business restructuring , and the ability to access capital . management provides more information on long- term debt and preferred stock maturities in notes 5 and 6 to the financial statements . sources of capital entergy louisiana's sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt or preferred membership interest issuances ; and bank financing under new and existing facilities . entergy louisiana may refinance or redeem debt and preferred membership interests prior to maturity , to the extent market conditions and interest and distribution rates are favorable . 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 corporate charters , bond indentures , and other agreements . entergy louisiana has sufficient capacity under these tests to meet its foreseeable capital needs . entergy louisiana's receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
Table
2008 | 2007 | 2006 | 2005
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 61236 | ( $ 2791 ) | ( $ 54041 ) | ( $ 68677 )
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 . no borrowings were outstanding under the credit facility as of december 31 , 2008 . in april 2008 , entergy louisiana repurchased , prior to maturity , $ 60 million of auction rate governmental bonds , which are being held for possible remarketing at a later date . in august 2008 , entergy louisiana issued $ 300 million of 6.50% ( 6.50 % ) series first mortgage bonds due september 2018 . the net proceeds of the issuance will be used for capital expenditures , working capital needs , and general corporate purposes . prior to their application , the remaining net proceeds may be invested in temporary cash investments or the entergy system money pool . hurricane rita and hurricane katrina in august and september 2005 , hurricane katrina and hurricane rita , along with extensive flooding that resulted from levee breaks in and around entergy louisiana's service territory , caused catastrophic damage . the storms and flooding resulted in widespread power outages ; significant damage to distribution , transmission , and generation infrastructure ; and the temporary loss of sales and customers due to mandatory evacuations and destruction of homes and businesses due to wind , rain , and extended periods of flooding . entergy pursued a broad range of initiatives to recover storm restoration and business continuity costs and incremental losses . initiatives included obtaining reimbursement of certain costs covered by insurance and pursuing recovery through existing or new rate mechanisms regulated by the ferc and local regulatory bodies , in combination with securitization. .
Question:
what is the annual interest expense for entergy louisiana incurred from the series first mortgage bonds due september 2018 , in millions?
Important information:
text_9: entergy louisiana's receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
text_14: in august 2008 , entergy louisiana issued $ 300 million of 6.50% ( 6.50 % ) series first mortgage bonds due september 2018 .
text_15: the net proceeds of the issuance will be used for capital expenditures , working capital needs , and general corporate purposes .
Reasoning Steps:
Step: multiply1-1(300, 6.50%) = 19.5
Program:
multiply(300, 6.50%)
Program (Nested):
multiply(300, 6.50%)
| finqa319 |
in 2008 what was the carrying amount reported on the consolidated balance sheet to aggregate unpaid principal balance in excess of fair value of the trading assets
Important information:
table_1: in millions of dollars the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 16254 ; the carrying amount reported on the consolidated balance sheet of 2008 loans is $ 2315 ; the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 26020 ; the carrying amount reported on the consolidated balance sheet of loans is $ 3038 ;
table_2: in millions of dollars the aggregate unpaid principal balance in excess of fair value of 2008 trading assets is $ 6501 ; the aggregate unpaid principal balance in excess of fair value of 2008 loans is $ 3 ; the aggregate unpaid principal balance in excess of fair value of 2008 trading assets is $ 899 ; the aggregate unpaid principal balance in excess of fair value of loans is $ -5 ( 5 ) ;
table_4: in millions of dollars the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of 2008 trading assets is $ 190 ; the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of 2008 loans is $ -4 ( 4 ) ; the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of 2008 trading assets is $ 68 ; the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of loans is $ 2014 ;
Reasoning Steps:
Step: divide2-1(16254, 6501) = 2.5
Program:
divide(16254, 6501)
Program (Nested):
divide(16254, 6501)
| 2.50023 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 notional amount of these unfunded letters of credit was $ 1.4 billion as of december 31 , 2008 and december 31 , 2007 . the amount funded was insignificant with no amounts 90 days or more past due or on a non-accrual status at december 31 , 2008 and december 31 , 2007 . these items have been classified appropriately in trading account assets or trading account liabilities on the consolidated balance sheet . changes in fair value of these items are classified in principal transactions in the company 2019s consolidated statement of income . other items for which the fair-value option was selected in accordance with sfas 159 the company has elected the fair-value option for the following eligible items , which did not affect opening retained earnings : 2022 certain credit products ; 2022 certain investments in private equity and real estate ventures and certain equity-method investments ; 2022 certain structured liabilities ; 2022 certain non-structured liabilities ; and 2022 certain mortgage loans certain credit products citigroup has elected the fair-value option for certain originated and purchased loans , including certain unfunded loan products , such as guarantees and letters of credit , executed by citigroup 2019s trading businesses . none of these credit products is a highly leveraged financing commitment . significant groups of transactions include loans and unfunded loan products that are expected to be either sold or securitized in the near term , or transactions where the economic risks are hedged with derivative instruments such as purchased credit default swaps or total return swaps where the company pays the total return on the underlying loans to a third party . citigroup has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . fair value was not elected for most lending transactions across the company , including where those management objectives would not be met . the following table provides information about certain credit products carried at fair value: .
Table
in millions of dollars | 2008 trading assets | 2008 loans | 2008 trading assets | loans
carrying amount reported on the consolidated balance sheet | $ 16254 | $ 2315 | $ 26020 | $ 3038
aggregate unpaid principal balance in excess of fair value | $ 6501 | $ 3 | $ 899 | $ -5 ( 5 )
balance on non-accrual loans or loans more than 90 days past due | $ 77 | $ 1113 | $ 186 | $ 1292
aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue | $ 190 | $ -4 ( 4 ) | $ 68 | $ 2014
in millions of dollars trading assets loans trading assets loans carrying amount reported on the consolidated balance sheet $ 16254 $ 2315 $ 26020 $ 3038 aggregate unpaid principal balance in excess of fair value $ 6501 $ 3 $ 899 $ ( 5 ) balance on non-accrual loans or loans more than 90 days past due $ 77 $ 1113 $ 186 $ 1292 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 190 $ ( 4 ) $ 68 $ 2014 in addition to the amounts reported above , $ 72 million and $ 141 million of unfunded loan commitments related to certain credit products selected for fair-value accounting were outstanding as of december 31 , 2008 and december 31 , 2007 , respectively . changes in fair value of funded and unfunded credit products are classified in principal transactions in the company 2019s consolidated statement of income . related interest revenue is measured based on the contractual interest rates and reported as interest revenue on trading account assets or loans depending on their balance sheet classifications . the changes in fair value for the years ended december 31 , 2008 and 2007 due to instrument-specific credit risk totaled to a loss of $ 38 million and $ 188 million , respectively . certain investments in private equity and real estate ventures and certain equity method investments citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation . the company has elected the fair-value option for certain of these ventures , because such investments are considered similar to many private equity or hedge fund activities in our investment companies , which are reported at fair value . the fair-value option brings consistency in the accounting and evaluation of certain of these investments . as required by sfas 159 , all investments ( debt and equity ) in such private equity and real estate entities are accounted for at fair value . these investments are classified as investments on citigroup 2019s consolidated balance sheet . citigroup also holds various non-strategic investments in leveraged buyout funds and other hedge funds that previously were required to be accounted for under the equity method . the company elected fair-value accounting to reduce operational and accounting complexity . since the funds account for all of their underlying assets at fair value , the impact of applying the equity method to citigroup 2019s investment in these funds was equivalent to fair-value accounting . thus , this fair-value election had no impact on opening retained earnings . these investments are classified as other assets on citigroup 2019s consolidated balance sheet . changes in the fair values of these investments are classified in other revenue in the company 2019s consolidated statement of income . certain structured liabilities the company has elected the fair-value option for certain structured liabilities whose performance is linked to structured interest rates , inflation or currency risks ( 201cstructured liabilities 201d ) . the company elected the fair- value option , because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . these positions will continue to be classified as debt , deposits or derivatives ( trading account liabilities ) on the company 2019s consolidated balance sheet according to their legal form . for those structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 277 million as of december 31 , 2008 and $ 7 million as of december 31 , 2007 . the change in fair value for these structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense is measured based on the contractual interest rates and reported as such in the consolidated income statement . certain non-structured liabilities the company has elected the fair-value option for certain non-structured liabilities with fixed and floating interest rates ( 201cnon-structured liabilities 201d ) . .
Question:
in 2008 what was the carrying amount reported on the consolidated balance sheet to aggregate unpaid principal balance in excess of fair value of the trading assets
Important information:
table_1: in millions of dollars the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 16254 ; the carrying amount reported on the consolidated balance sheet of 2008 loans is $ 2315 ; the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 26020 ; the carrying amount reported on the consolidated balance sheet of loans is $ 3038 ;
table_2: in millions of dollars the aggregate unpaid principal balance in excess of fair value of 2008 trading assets is $ 6501 ; the aggregate unpaid principal balance in excess of fair value of 2008 loans is $ 3 ; the aggregate unpaid principal balance in excess of fair value of 2008 trading assets is $ 899 ; the aggregate unpaid principal balance in excess of fair value of loans is $ -5 ( 5 ) ;
table_4: in millions of dollars the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of 2008 trading assets is $ 190 ; the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of 2008 loans is $ -4 ( 4 ) ; the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of 2008 trading assets is $ 68 ; the aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue of loans is $ 2014 ;
Reasoning Steps:
Step: divide2-1(16254, 6501) = 2.5
Program:
divide(16254, 6501)
Program (Nested):
divide(16254, 6501)
| finqa320 |
for the three months ended march 2003 what were the total sales proceeds for subsidiaries assets in millions?
Important information:
table_3: project name the mountainview of date completed is march 2003 ; the mountainview of sales proceeds ( in millions ) is $ 30 ; the mountainview of location is united states ;
table_5: project name the songas of date completed is april 2003 ; the songas of sales proceeds ( in millions ) is $ 94 ; the songas of location is tanzania ;
table_7: project name the aes haripur private ltd/aes meghnaghat ltd of date completed is december 2003 ; the aes haripur private ltd/aes meghnaghat ltd of sales proceeds ( in millions ) is $ 145 ; the aes haripur private ltd/aes meghnaghat ltd of location is bangladesh ;
Reasoning Steps:
Step: add1-1(495, 59) = 554
Step: add1-2(#0, 30) = 584
Step: add1-3(#1, 29) = 613
Program:
add(495, 59), add(#0, 30), add(#1, 29)
Program (Nested):
add(add(add(495, 59), 30), 29)
| 613.0 | 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:
transaction and commercial issues in many of our businesses . these skills are a valuable resource as we monitor regulatory and tariff schemes to determine our capital budgeting needs and integrate acquisitions . the company expects to realize cost reduction and performance improvement benefits in both earnings and cash flows ; however , there can be no assurance that the reductions and improvements will continue and our inability to sustain the reductions and improvements may result in less than expected earnings and cash flows in 2004 and beyond . asset sales during 2003 , we continued the initiative to sell all or part of certain of the company 2019s subsidiaries . this initiative was designed to decrease the company 2019s dependence on access to capital markets and improve the strength of our balance sheet by reducing financial leverage and improving liquidity . the following chart details the asset sales that were closed during 2003 . sales proceeds project name date completed ( in millions ) location .
Table
project name | date completed | sales proceeds ( in millions ) | location
cilcorp/medina valley | january 2003 | $ 495 | united states
aes ecogen/aes mt . stuart | january 2003 | $ 59 | australia
mountainview | march 2003 | $ 30 | united states
kelvin | march 2003 | $ 29 | south africa
songas | april 2003 | $ 94 | tanzania
aes barry limited | july 2003 | a340/$ 62 | united kingdom
aes haripur private ltd/aes meghnaghat ltd | december 2003 | $ 145 | bangladesh
aes mtkvari/aes khrami/aes telasi | august 2003 | $ 23 | republic of georgia
medway power limited/aes medway operations limited | november 2003 | a347/$ 78 | united kingdom
aes oasis limited | december 2003 | $ 150 | pakistan/oman
the company continues to evaluate its portfolio and business performance and may decide to dispose of additional businesses in the future . however given the improvements in our liquidity there will be a lower emphasis placed on asset sales in the future for purposes of improving liquidity and strengthening the balance sheet . for any sales that happen in the future , there can be no guarantee that the proceeds from such sale transactions will cover the entire investment in the subsidiaries . depending on which businesses are eventually sold , the entire or partial sale of any business may change the current financial characteristics of the company 2019s portfolio and results of operations . furthermore future sales may impact the amount of recurring earnings and cash flows the company would expect to achieve . subsidiary restructuring during 2003 , we completed and initiated restructuring transactions for several of our south american businesses . the efforts are focused on improving the businesses long-term prospects for generating acceptable returns on invested capital or extending short-term debt maturities . businesses impacted include eletropaulo , tiete , uruguaiana and sul in brazil and gener in chile . brazil eletropaulo . aes has owned an interest in eletropaulo since april 1998 , when the company was privatized . in february 2002 aes acquired a controlling interest in the business and as a consequence started to consolidate it . aes financed a significant portion of the acquisition of eletropaulo , including both common and preferred shares , through loans and deferred purchase price financing arrangements provided by the brazilian national development bank 2014 ( 2018 2018bndes 2019 2019 ) , and its wholly-owned subsidiary , bndes participac 0327o 0303es s.a . ( 2018 2018bndespar 2019 2019 ) , to aes 2019s subsidiaries , aes elpa s.a . ( 2018 2018aes elpa 2019 2019 ) and aes transgas empreendimentos , s.a . ( 2018 2018aes transgas 2019 2019 ) . .
Question:
for the three months ended march 2003 what were the total sales proceeds for subsidiaries assets in millions?
Important information:
table_3: project name the mountainview of date completed is march 2003 ; the mountainview of sales proceeds ( in millions ) is $ 30 ; the mountainview of location is united states ;
table_5: project name the songas of date completed is april 2003 ; the songas of sales proceeds ( in millions ) is $ 94 ; the songas of location is tanzania ;
table_7: project name the aes haripur private ltd/aes meghnaghat ltd of date completed is december 2003 ; the aes haripur private ltd/aes meghnaghat ltd of sales proceeds ( in millions ) is $ 145 ; the aes haripur private ltd/aes meghnaghat ltd of location is bangladesh ;
Reasoning Steps:
Step: add1-1(495, 59) = 554
Step: add1-2(#0, 30) = 584
Step: add1-3(#1, 29) = 613
Program:
add(495, 59), add(#0, 30), add(#1, 29)
Program (Nested):
add(add(add(495, 59), 30), 29)
| finqa321 |
goodwill was what percent of the mondavi acquisition?\\n
Important information:
text_11: total con- sideration paid in cash to the robert mondavi shareholders was $ 1030.7 million .
table_4: current assets the goodwill of $ 513782 is 634203 ;
table_5: current assets the total assets acquired of $ 513782 is 1848575 ;
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:
goodwill was what percent of the mondavi acquisition?\\n
Important information:
text_11: total con- sideration paid in cash to the robert mondavi shareholders was $ 1030.7 million .
table_4: current assets the goodwill of $ 513782 is 634203 ;
table_5: current assets the total assets acquired of $ 513782 is 1848575 ;
Reasoning Steps:
Step: divide2-1(634203, 1848575) = 34.3%
Program:
divide(634203, 1848575)
Program (Nested):
divide(634203, 1848575)
| finqa322 |
what is the total return of the jpmorgan chase & co . stock over the above refernced five year period?
Important information:
text_0: jpmorgan chase & co./2014 annual report 63 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .
text_8: the following table and graph assume simultaneous investments of $ 100 on december 31 , 2009 , in jpmorgan chase common stock and in each of the above indices .
table_1: december 31 ( in dollars ) the jpmorgan chase of 2009 is $ 100.00 ; the jpmorgan chase of 2010 is $ 102.30 ; the jpmorgan chase of 2011 is $ 81.87 ; the jpmorgan chase of 2012 is $ 111.49 ; the jpmorgan chase of 2013 is $ 152.42 ; the jpmorgan chase of 2014 is $ 167.48 ;
Reasoning Steps:
Step: minus1-1(167.48, const_100) = 67.48
Step: divide1-2(#0, const_100) = 67.48%
Program:
subtract(167.48, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(167.48, const_100), const_100)
| 0.6748 | Please answer the following financial question based on the context provided. Make sure to give the answer 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./2014 annual report 63 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced u.s . equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of 24 leading national money center and regional banks and thrifts . the s&p financial index is an index of 85 financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2009 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2009 2010 2011 2012 2013 2014 .
Table
december 31 ( in dollars ) | 2009 | 2010 | 2011 | 2012 | 2013 | 2014
jpmorgan chase | $ 100.00 | $ 102.30 | $ 81.87 | $ 111.49 | $ 152.42 | $ 167.48
kbw bank index | 100.00 | 123.36 | 94.75 | 125.91 | 173.45 | 189.69
s&p financial index | 100.00 | 112.13 | 93.00 | 119.73 | 162.34 | 186.98
s&p 500 index | 100.00 | 115.06 | 117.48 | 136.27 | 180.39 | 205.07
.
Question:
what is the total return of the jpmorgan chase & co . stock over the above refernced five year period?
Important information:
text_0: jpmorgan chase & co./2014 annual report 63 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .
text_8: the following table and graph assume simultaneous investments of $ 100 on december 31 , 2009 , in jpmorgan chase common stock and in each of the above indices .
table_1: december 31 ( in dollars ) the jpmorgan chase of 2009 is $ 100.00 ; the jpmorgan chase of 2010 is $ 102.30 ; the jpmorgan chase of 2011 is $ 81.87 ; the jpmorgan chase of 2012 is $ 111.49 ; the jpmorgan chase of 2013 is $ 152.42 ; the jpmorgan chase of 2014 is $ 167.48 ;
Reasoning Steps:
Step: minus1-1(167.48, const_100) = 67.48
Step: divide1-2(#0, const_100) = 67.48%
Program:
subtract(167.48, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(167.48, const_100), const_100)
| finqa323 |
what percentage of long-term debt is due after 2021?
Important information:
table_3: description of commitment ( in millions ) the long-term debt ( 1 ) of description of commitment 2017 is 115 ; the long-term debt ( 1 ) of description of commitment 2018 is 75 ; the long-term debt ( 1 ) of description of commitment 2019 is 74 ; the long-term debt ( 1 ) of description of commitment 2020 is 74 ; the long-term debt ( 1 ) of description of commitment 2021 is 71 ; the long-term debt ( 1 ) of description of commitment thereafter is 3365 ; the long-term debt ( 1 ) of total is 3774 ;
table_7: description of commitment ( in millions ) the total of description of commitment 2017 is $ 6344 ; the total of description of commitment 2018 is $ 1889 ; the total of description of commitment 2019 is $ 1506 ; the total of description of commitment 2020 is $ 1297 ; the total of description of commitment 2021 is $ 1112 ; the total of description of commitment thereafter is $ 9213 ; the total of total is $ 21361 ;
text_51: estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2016 ( if variable ) , timing of scheduled payments and the term of the debt obligations. .
Reasoning Steps:
Step: divide2-1(3365, 3774) = 89%
Program:
divide(3365, 3774)
Program (Nested):
divide(3365, 3774)
| 0.89163 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 capital resources on april 23 , 2013 , we filed a shelf registration statement ( the 201cshelf 201d ) with the sec which permitted us to issue an unlimited amount of debt securities . on april 23 , 2013 , we issued $ 1.0 billion of senior notes with tranches maturing in 2023 and 2043 . the 2023 senior notes were issued in an initial aggregate principal amount of $ 500 million at a 2.25% ( 2.25 % ) fixed , annual interest rate and will mature on may 1 , 2023 . the 2043 senior notes were issued in an initial aggregate principal amount of $ 500 million at a 3.625% ( 3.625 % ) fixed , annual interest rate and will mature on may 1 , 2043 . interest on the senior notes is payable semi-annually on may 1 and november 1 of each year . the issuance resulted in gross proceeds before expenses of $ 998 million . on october 29 , 2015 , we issued an additional $ 1.0 billion of senior notes at a 3.875% ( 3.875 % ) fixed , annual interest rate that will mature on november 1 , 2045 . interest on the senior notes is payable semi-annually on may 1 and november 1 of each year . the issuance resulted in proceeds before expenses of $ 991 million . the shelf expired on april 23 , 2016 . we plan to file a new shelf registration statement with the sec in july 2016 . on august 28 , 2015 , we entered into a committed credit facility agreement with a syndicate of banks , which provides for up to $ 2 billion of borrowings . the facility matures august 28 , 2020 , with a one year extension option prior to any anniversary of the closing date , provided that in no event shall it extend beyond august 28 , 2022 . this facility replaces the prior $ 1 billion credit facility agreement entered into on november 1 , 2011 , which would have matured november 1 , 2017 . as of and for the periods ended may 31 , 2016 and 2015 , we had no amounts outstanding under either committed credit facility . we currently have long-term debt ratings of aa- and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . if our long- term debt ratings were to decline , the facility fee and interest rate under our committed credit facility would increase . conversely , if our long-term debt rating were to improve , the facility fee and interest rate would decrease . changes in our long-term debt rating would not trigger acceleration of maturity of any then-outstanding borrowings or any future borrowings under the committed credit facility . under this committed revolving credit facility , we have agreed to various covenants . these covenants include limits on our disposal of fixed assets , the amount of debt secured by liens we may incur , as well as limits on the indebtedness we can incur relative to our net worth . in the event we were to have any borrowings outstanding under this facility and failed to meet any covenant , and were unable to obtain a waiver from a majority of the banks in the syndicate , any borrowings would become immediately due and payable . as of may 31 , 2016 , we were in full compliance with each of these covenants and believe it is unlikely we will fail to meet any of these covenants in the foreseeable future . liquidity is also provided by our $ 2 billion commercial paper program , which increased $ 1 billion during the second quarter of fiscal 2016 . during the year ended may 31 , 2016 , we did not issue commercial paper , and as of may 31 , 2016 , there were no outstanding borrowings under this program . any future issuance of commercial paper or other debt securities during fiscal 2017 will depend on general corporate needs . we currently have short-term debt ratings of a1+ and p1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . as of may 31 , 2016 , we had cash , cash equivalents and short-term investments totaling $ 5.5 billion , of which $ 4.6 billion was held by our foreign subsidiaries . included in cash and equivalents as of may 31 , 2016 was $ 105 million of cash collateral received from counterparties as a result of hedging activity . cash equivalents and short-term investments consist primarily of deposits held at major banks , money market funds , commercial paper , corporate notes , u.s . treasury obligations , u.s . government sponsored enterprise obligations and other investment grade fixed income securities . our fixed income investments are exposed to both credit and interest rate risk . all of our investments are investment grade to minimize our credit risk . while individual securities have varying durations , as of may 31 , 2016 , the weighted average remaining duration of our cash equivalents and short-term investments portfolio was 91 days . to date we have not experienced difficulty accessing the credit markets or incurred higher interest costs . future volatility in the capital markets , however , may increase costs associated with issuing commercial paper or other debt instruments or affect our ability to access those markets . we believe that existing cash , cash equivalents , short-term investments and cash generated by operations , together with access to external sources of funds as described above , will be sufficient to meet our domestic and foreign capital needs in the foreseeable future . we utilize a variety of tax planning and financing strategies to manage our worldwide cash and deploy funds to locations where they are needed . we routinely repatriate a portion of our foreign earnings for which u.s . taxes have previously been provided . we also indefinitely reinvest a significant portion of our foreign earnings , and our current plans do not demonstrate a need to repatriate these earnings . should we require additional capital in the united states , we may elect to repatriate indefinitely reinvested foreign funds or raise capital in the united states through debt . if we were to repatriate indefinitely reinvested foreign funds , we would be required to accrue and pay additional u.s . taxes less applicable foreign tax credits . if we elect to raise capital in the united states through debt , we would incur additional interest expense . off-balance sheet arrangements in connection with various contracts and agreements , we routinely provide indemnification relating to the enforceability of intellectual property rights , coverage for legal issues that arise and other items where we are acting as the guarantor . currently , we have several such agreements in place . however , based on our historical experience and the estimated probability of future loss , we have determined that the fair value of such indemnification is not material to our financial position or results of operations . contractual obligations our significant long-term contractual obligations as of may 31 , 2016 and significant endorsement contracts , including related marketing commitments , entered into through the date of this report are as follows: .
Table
description of commitment ( in millions ) | description of commitment 2017 | description of commitment 2018 | description of commitment 2019 | description of commitment 2020 | description of commitment 2021 | description of commitment thereafter | total
operating leases | $ 491 | $ 453 | $ 395 | $ 347 | $ 301 | $ 1244 | $ 3231
capital leases | 7 | 5 | 2 | 1 | 2014 | 2014 | 15
long-term debt ( 1 ) | 115 | 75 | 74 | 74 | 71 | 3365 | 3774
endorsement contracts ( 2 ) | 1198 | 1238 | 945 | 827 | 698 | 4514 | 9420
product purchase obligations ( 3 ) | 4149 | 2014 | 2014 | 2014 | 2014 | 2014 | 4149
other purchase obligations ( 4 ) | 384 | 118 | 90 | 48 | 42 | 90 | 772
total | $ 6344 | $ 1889 | $ 1506 | $ 1297 | $ 1112 | $ 9213 | $ 21361
( 1 ) the cash payments due for long-term debt include estimated interest payments . estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2016 ( if variable ) , timing of scheduled payments and the term of the debt obligations. .
Question:
what percentage of long-term debt is due after 2021?
Important information:
table_3: description of commitment ( in millions ) the long-term debt ( 1 ) of description of commitment 2017 is 115 ; the long-term debt ( 1 ) of description of commitment 2018 is 75 ; the long-term debt ( 1 ) of description of commitment 2019 is 74 ; the long-term debt ( 1 ) of description of commitment 2020 is 74 ; the long-term debt ( 1 ) of description of commitment 2021 is 71 ; the long-term debt ( 1 ) of description of commitment thereafter is 3365 ; the long-term debt ( 1 ) of total is 3774 ;
table_7: description of commitment ( in millions ) the total of description of commitment 2017 is $ 6344 ; the total of description of commitment 2018 is $ 1889 ; the total of description of commitment 2019 is $ 1506 ; the total of description of commitment 2020 is $ 1297 ; the total of description of commitment 2021 is $ 1112 ; the total of description of commitment thereafter is $ 9213 ; the total of total is $ 21361 ;
text_51: estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2016 ( if variable ) , timing of scheduled payments and the term of the debt obligations. .
Reasoning Steps:
Step: divide2-1(3365, 3774) = 89%
Program:
divide(3365, 3774)
Program (Nested):
divide(3365, 3774)
| finqa324 |
what was the overall growth of the s&p 500 index from 2010 to 2015
Important information:
table_1: the loews common stock of 2010 is 100.0 ; the loews common stock of 2011 is 97.37 ; the loews common stock of 2012 is 106.04 ; the loews common stock of 2013 is 126.23 ; the loews common stock of 2014 is 110.59 ; the loews common stock of 2015 is 101.72 ;
table_2: the s&p 500 index of 2010 is 100.0 ; the s&p 500 index of 2011 is 102.11 ; the s&p 500 index of 2012 is 118.45 ; the s&p 500 index of 2013 is 156.82 ; the s&p 500 index of 2014 is 178.29 ; the s&p 500 index of 2015 is 180.75 ;
table_3: the loews peer group ( a ) of 2010 is 100.0 ; the loews peer group ( a ) of 2011 is 101.59 ; the loews peer group ( a ) of 2012 is 115.19 ; the loews peer group ( a ) of 2013 is 145.12 ; the loews peer group ( a ) of 2014 is 152.84 ; the loews peer group ( a ) of 2015 is 144.70 ;
Reasoning Steps:
Step: minus2-1(180.75, 100.0) = 80.75
Step: divide2-2(#0, const_100) = 80.75%
Program:
subtract(180.75, 100.0), divide(#0, const_100)
Program (Nested):
divide(subtract(180.75, 100.0), const_100)
| 0.8075 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2015 . the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .
Table
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015
loews common stock | 100.0 | 97.37 | 106.04 | 126.23 | 110.59 | 101.72
s&p 500 index | 100.0 | 102.11 | 118.45 | 156.82 | 178.29 | 180.75
loews peer group ( a ) | 100.0 | 101.59 | 115.19 | 145.12 | 152.84 | 144.70
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : ace limited , w.r . berkley corporation , the chubb corporation , energy transfer partners l.p. , ensco plc , the hartford financial services group , inc. , kinder morgan energy partners , l.p . ( included through november 26 , 2014 when it was acquired by kinder morgan inc. ) , noble corporation , spectra energy corp , transocean ltd . and the travelers companies , inc . dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967 . regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2015 and 2014. .
Question:
what was the overall growth of the s&p 500 index from 2010 to 2015
Important information:
table_1: the loews common stock of 2010 is 100.0 ; the loews common stock of 2011 is 97.37 ; the loews common stock of 2012 is 106.04 ; the loews common stock of 2013 is 126.23 ; the loews common stock of 2014 is 110.59 ; the loews common stock of 2015 is 101.72 ;
table_2: the s&p 500 index of 2010 is 100.0 ; the s&p 500 index of 2011 is 102.11 ; the s&p 500 index of 2012 is 118.45 ; the s&p 500 index of 2013 is 156.82 ; the s&p 500 index of 2014 is 178.29 ; the s&p 500 index of 2015 is 180.75 ;
table_3: the loews peer group ( a ) of 2010 is 100.0 ; the loews peer group ( a ) of 2011 is 101.59 ; the loews peer group ( a ) of 2012 is 115.19 ; the loews peer group ( a ) of 2013 is 145.12 ; the loews peer group ( a ) of 2014 is 152.84 ; the loews peer group ( a ) of 2015 is 144.70 ;
Reasoning Steps:
Step: minus2-1(180.75, 100.0) = 80.75
Step: divide2-2(#0, const_100) = 80.75%
Program:
subtract(180.75, 100.0), divide(#0, const_100)
Program (Nested):
divide(subtract(180.75, 100.0), const_100)
| finqa325 |
what portion of the total acquisition price of suros is dedicated to goodwill?
Important information:
text_18: the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 2300 shares of hologic common stock valued at $ 106500 , cash paid of $ 139000 , and approximately $ 2600 for acquisition related fees and expenses .
table_6: net tangible assets acquired as of july 27 2006 the goodwill of $ 11800 is 202000 ;
table_7: net tangible assets acquired as of july 27 2006 the estimated purchase price of $ 11800 is $ 267100 ;
Reasoning Steps:
Step: divide2-1(202000, 267100) = 75.6%
Program:
divide(202000, 267100)
Program (Nested):
divide(202000, 267100)
| 0.75627 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) acquisition and the adjustments did not have a material impact on the company 2019s financial position or results of operation . there have no other material changes to the purchase price allocation as disclosed in the company 2019s form 10-k for the year ended september 30 , 2006 . as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name , developed technology and know how and in-process research and development had separately identifiable values . customer relationship represents r2 2019s strong active customer base , dominant market position and strong partnership with several large companies . trade name represents the r2 product names that the company intends to continue to use . order backlog consists of customer orders for which revenue has not yet been recognized . developed technology and know how represents currently marketable purchased products that the company continues to resell as well as utilize to enhance and incorporate into the company 2019s existing products . the estimated $ 10200 of purchase price allocated to in-process research and development projects primarily related to r2 2019s digital cad products . the projects added direct digital algorithm capabilities as well as a new platform technology to analyze images and breast density measurement . the projects were substantially completed as planned in fiscal 2007 . the deferred income tax asset relates to the tax effect of acquired net operating loss carry forwards that the company believes are realizable partially offset by acquired identifiable intangible assets , and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes . acquisition of suros surgical systems , inc . on july 27 , 2006 , the company completed the acquisition of suros surgical systems , inc . ( suros ) , pursuant to an agreement and plan of merger dated april 17 , 2006 . the results of operations for suros have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment . suros , located in indianapolis , indiana , develops , manufactures and sells minimally invasive interventional breast biopsy technology and products for biopsy , tissue removal and biopsy site marking . the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 2300 shares of hologic common stock valued at $ 106500 , cash paid of $ 139000 , and approximately $ 2600 for acquisition related fees and expenses . the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no . 99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination . the components and allocation of the purchase price , consists of the following approximate amounts: .
Table
net tangible assets acquired as of july 27 2006 | $ 11800
in-process research and development | 4900
developed technology and know how | 46000
customer relationship | 17900
trade name | 5800
deferred income taxes | -21300 ( 21300 )
goodwill | 202000
estimated purchase price | $ 267100
the acquisition also provides for a two-year earn out . the earn-out is payable in two annual cash installments equal to the incremental revenue growth in suros 2019 business in the two years following the closing. .
Question:
what portion of the total acquisition price of suros is dedicated to goodwill?
Important information:
text_18: the initial aggregate purchase price for suros of approximately $ 248100 ( subject to adjustment ) consisted of 2300 shares of hologic common stock valued at $ 106500 , cash paid of $ 139000 , and approximately $ 2600 for acquisition related fees and expenses .
table_6: net tangible assets acquired as of july 27 2006 the goodwill of $ 11800 is 202000 ;
table_7: net tangible assets acquired as of july 27 2006 the estimated purchase price of $ 11800 is $ 267100 ;
Reasoning Steps:
Step: divide2-1(202000, 267100) = 75.6%
Program:
divide(202000, 267100)
Program (Nested):
divide(202000, 267100)
| finqa326 |
what was the percentage cumulative return for lkq corporation for the five years ended 12/31/2016?
Important information:
table_1: the lkq corporation of 12/31/2011 is $ 100 ; the lkq corporation of 12/31/2012 is $ 140 ; the lkq corporation of 12/31/2013 is $ 219 ; the lkq corporation of 12/31/2014 is $ 187 ; the lkq corporation of 12/31/2015 is $ 197 ; the lkq corporation of 12/31/2016 is $ 204 ;
table_2: the s&p 500 index of 12/31/2011 is $ 100 ; the s&p 500 index of 12/31/2012 is $ 113 ; the s&p 500 index of 12/31/2013 is $ 147 ; the s&p 500 index of 12/31/2014 is $ 164 ; the s&p 500 index of 12/31/2015 is $ 163 ; the s&p 500 index of 12/31/2016 is $ 178 ;
text_2: information about our common stock that may be issued under our equity compensation plans as of december 31 , 2016 included in part iii , item 12 of this annual report on form 10-k is incorporated herein by reference. .
Reasoning Steps:
Step: minus1-1(204, 100) = 104
Step: divide1-2(#0, 100) = 104%
Program:
subtract(204, 100), divide(#0, 100)
Program (Nested):
divide(subtract(204, 100), 100)
| 1.04 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
comparison of cumulative return among lkq corporation , the nasdaq stock market ( u.s. ) index and the peer group .
Table
| 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016
lkq corporation | $ 100 | $ 140 | $ 219 | $ 187 | $ 197 | $ 204
s&p 500 index | $ 100 | $ 113 | $ 147 | $ 164 | $ 163 | $ 178
peer group | $ 100 | $ 111 | $ 140 | $ 177 | $ 188 | $ 217
this stock performance information is "furnished" and shall not be deemed to be "soliciting material" or subject to rule 14a , shall not be deemed "filed" for purposes of section 18 of the securities exchange act of 1934 or otherwise subject to the liabilities of that section , and shall not be deemed incorporated by reference in any filing under the securities act of 1933 or the securities exchange act of 1934 , whether made before or after the date of this report and irrespective of any general incorporation by reference language in any such filing , except to the extent that it specifically incorporates the information by reference . information about our common stock that may be issued under our equity compensation plans as of december 31 , 2016 included in part iii , item 12 of this annual report on form 10-k is incorporated herein by reference. .
Question:
what was the percentage cumulative return for lkq corporation for the five years ended 12/31/2016?
Important information:
table_1: the lkq corporation of 12/31/2011 is $ 100 ; the lkq corporation of 12/31/2012 is $ 140 ; the lkq corporation of 12/31/2013 is $ 219 ; the lkq corporation of 12/31/2014 is $ 187 ; the lkq corporation of 12/31/2015 is $ 197 ; the lkq corporation of 12/31/2016 is $ 204 ;
table_2: the s&p 500 index of 12/31/2011 is $ 100 ; the s&p 500 index of 12/31/2012 is $ 113 ; the s&p 500 index of 12/31/2013 is $ 147 ; the s&p 500 index of 12/31/2014 is $ 164 ; the s&p 500 index of 12/31/2015 is $ 163 ; the s&p 500 index of 12/31/2016 is $ 178 ;
text_2: information about our common stock that may be issued under our equity compensation plans as of december 31 , 2016 included in part iii , item 12 of this annual report on form 10-k is incorporated herein by reference. .
Reasoning Steps:
Step: minus1-1(204, 100) = 104
Step: divide1-2(#0, 100) = 104%
Program:
subtract(204, 100), divide(#0, 100)
Program (Nested):
divide(subtract(204, 100), 100)
| finqa327 |
what percent of the total common stock plans are related to the vertex purchase plan?
Important information:
table_1: common stock under stock and option plans the common stock under the vertex purchase plan of 21829 is 249 ;
table_2: common stock under stock and option plans the common stock under the vertex 401 ( k ) plan of 21829 is 125 ;
table_3: common stock under stock and option plans the total of 21829 is 22203 ;
Reasoning Steps:
Step: divide1-1(249, 22203) = 1.1%
Program:
divide(249, 22203)
Program (Nested):
divide(249, 22203)
| 0.01121 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
rights each holder of a share of outstanding common stock also holds one share purchase right ( a "right" ) for each share of common stock . each right entitles the holder to purchase from the company one half of one-hundredth of a share of series a junior participating preferred stock , $ 0.01 par value ( the "junior preferred shares" ) , of the company at a price of $ 135 per one half of one-hundredth of a junior preferred share ( the "purchase price" ) . the rights are not exercisable until the earlier of acquisition by a person or group of 15% ( 15 % ) or more of the outstanding common stock ( an "acquiring person" ) or the announcement of an intention to make or commencement of a tender offer or exchange offer , the consummation of which would result in the beneficial ownership by a person or group of 15% ( 15 % ) or more of the outstanding common stock . in the event that any person or group becomes an acquiring person , each holder of a right other than the acquiring person will thereafter have the right to receive upon exercise that number of shares of common stock having a market value of two times the purchase price and , in the event that the company is acquired in a business combination transaction or 50% ( 50 % ) or more of its assets are sold , each holder of a right will thereafter have the right to receive upon exercise that number of shares of common stock of the acquiring company which at the time of the transaction will have a market value of two times the purchase price . under certain specified circumstances , the board of directors of the company may cause the rights ( other than rights owned by such person or group ) to be exchanged , in whole or in part , for common stock or junior preferred shares , at an exchange rate of one share of common stock per right or one half of one-hundredth of a junior preferred share per right . at any time prior to the acquisition by a person or group of beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock , the board of directors of the company may redeem the rights in whole at a price of $ 0.01 per right . common stock reserved for future issuance at december 31 , 2003 , the company has reserved shares of common stock for future issuance under all equity compensation plans as follows ( shares in thousands ) : p . significant revenue arrangements the company has formed strategic collaborations with major pharmaceutical companies in the areas of drug discovery , development , and commercialization . research and development agreements provide the company with financial support and other valuable resources for research programs and development of clinical drug candidates , product development and marketing and sales of products . collaborative research and development agreements in the company's collaborative research , development and commercialization programs the company seeks to discover , develop and commercialize major pharmaceutical products in conjunction with and supported by the company's collaborators . collaborative research and development arrangements provide research funding over an initial contract period with renewal and termination options that vary by agreement . the agreements also include milestone payments based on the achievement or the occurrence of a designated event . the agreements may also contain development reimbursement provisions , royalty rights or profit sharing rights and manufacturing options . the terms of each agreement vary . the company has entered into significant research and development collaborations with large pharmaceutical companies . p . significant revenue arrangements novartis in may 2000 , the company and novartis pharma ag ( "novartis" ) entered into an agreement to collaborate on the discovery , development and commercialization of small molecule drugs directed at targets in the kinase protein family . under the agreement , novartis agreed to pay the company an up-front payment of $ 15000000 made upon signing of the agreement , up to $ 200000000 in product research funding over six .
Table
common stock under stock and option plans | 21829
common stock under the vertex purchase plan | 249
common stock under the vertex 401 ( k ) plan | 125
total | 22203
.
Question:
what percent of the total common stock plans are related to the vertex purchase plan?
Important information:
table_1: common stock under stock and option plans the common stock under the vertex purchase plan of 21829 is 249 ;
table_2: common stock under stock and option plans the common stock under the vertex 401 ( k ) plan of 21829 is 125 ;
table_3: common stock under stock and option plans the total of 21829 is 22203 ;
Reasoning Steps:
Step: divide1-1(249, 22203) = 1.1%
Program:
divide(249, 22203)
Program (Nested):
divide(249, 22203)
| finqa328 |
based upon outstanding balances at december 31 , 2011 what was the percent of the principal and interest product of the combined products
Important information:
table_1: in millions the 2012 of interest only product is $ 904 ; the 2012 of principal and interest product is $ 266 ;
table_4: in millions the 2015 of interest only product is 1988 ; the 2015 of principal and interest product is 820 ;
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: add1-1(904, 266) = 1170
Step: divide1-2(266, #0) = 23%
Program:
add(904, 266), divide(266, #0)
Program (Nested):
divide(266, add(904, 266))
| 0.22735 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
based upon outstanding balances at december 31 , 2011 what was the percent of the principal and interest product of the combined products
Important information:
table_1: in millions the 2012 of interest only product is $ 904 ; the 2012 of principal and interest product is $ 266 ;
table_4: in millions the 2015 of interest only product is 1988 ; the 2015 of principal and interest product is 820 ;
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: add1-1(904, 266) = 1170
Step: divide1-2(266, #0) = 23%
Program:
add(904, 266), divide(266, #0)
Program (Nested):
divide(266, add(904, 266))
| finqa329 |
for miscellaneous receivables and other assets , what was the percentage that represented assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012?
Important information:
table_5: in millions the miscellaneous receivables and other5 of as of december 2012 is 20234 ; the miscellaneous receivables and other5 of as of december 2011 is 3306 ;
text_6: includes $ 149 million of intangible assets classified as held for sale .
text_13: includes $ 16.77 billion of assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012 .
Reasoning Steps:
Step: divide1-1(20234, const_1000) = 20.234
Step: minus1-2(#0, 16.77) = 3.464
Program:
divide(20234, const_1000), subtract(#0, 16.77)
Program (Nested):
subtract(divide(20234, const_1000), 16.77)
| 3.464 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements note 12 . other assets other assets are generally less liquid , non-financial assets . the table below presents other assets by type. .
Table
in millions | as of december 2012 | as of december 2011
property leasehold improvements andequipment1 | $ 8217 | $ 8697
goodwill and identifiable intangibleassets2 | 5099 | 5468
income tax-related assets3 | 5620 | 5017
equity-method investments4 | 453 | 664
miscellaneous receivables and other5 | 20234 | 3306
total | $ 39623 | $ 23152
1 . net of accumulated depreciation and amortization of $ 9.05 billion and $ 8.46 billion as of december 2012 and december 2011 , respectively . 2 . includes $ 149 million of intangible assets classified as held for sale . see note 13 for further information about goodwill and identifiable intangible assets . 3 . see note 24 for further information about income taxes . 4 . excludes investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $ 5.54 billion and $ 4.17 billion as of december 2012 and december 2011 , respectively , which are included in 201cfinancial instruments owned , at fair value . 201d the firm has generally elected the fair value option for such investments acquired after the fair value option became available . 5 . includes $ 16.77 billion of assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012 . assets held for sale in the fourth quarter of 2012 , the firm classified its reinsurance business within its institutional client services segment as held for sale . assets related to this business of $ 16.92 billion , consisting primarily of available-for-sale securities and separate account assets at fair value , are included in 201cother assets . 201d liabilities related to the business of $ 14.62 billion are included in 201cother liabilities and accrued expenses . 201d see note 8 for further information about insurance-related assets and liabilities held for sale at fair value . the firm expects to complete the sale of a majority stake in its reinsurance business in 2013 and does not expect to recognize a material gain or loss upon the sale . upon completion of the sale , the firm will no longer consolidate this business . property , leasehold improvements and equipment property , leasehold improvements and equipment included $ 6.20 billion and $ 6.48 billion as of december 2012 and december 2011 , respectively , related to property , leasehold improvements and equipment that the firm uses in connection with its operations . the remainder is held by investment entities , including vies , consolidated by the firm . substantially all property and equipment are depreciated on a straight-line basis over the useful life of the asset . leasehold improvements are amortized on a straight-line basis over the useful life of the improvement or the term of the lease , whichever is shorter . certain costs of software developed or obtained for internal use are capitalized and amortized on a straight-line basis over the useful life of the software . property , leasehold improvements and equipment are tested for impairment whenever events or changes in circumstances suggest that an asset 2019s or asset group 2019s carrying value may not be fully recoverable . the firm 2019s policy for impairment testing of property , leasehold improvements and equipment is the same as is used for identifiable intangible assets with finite lives . see note 13 for further information . goldman sachs 2012 annual report 163 .
Question:
for miscellaneous receivables and other assets , what was the percentage that represented assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012?
Important information:
table_5: in millions the miscellaneous receivables and other5 of as of december 2012 is 20234 ; the miscellaneous receivables and other5 of as of december 2011 is 3306 ;
text_6: includes $ 149 million of intangible assets classified as held for sale .
text_13: includes $ 16.77 billion of assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012 .
Reasoning Steps:
Step: divide1-1(20234, const_1000) = 20.234
Step: minus1-2(#0, 16.77) = 3.464
Program:
divide(20234, const_1000), subtract(#0, 16.77)
Program (Nested):
subtract(divide(20234, const_1000), 16.77)
| finqa330 |
what is the average of the afs investment securities during the years 2016-2018?
Important information:
table_4: as of or for the year ended december 31 ( in millions ) the investment securities portfolio ( average ) of 2018 is 235197 ; the investment securities portfolio ( average ) of 2017 is 267272 ; the investment securities portfolio ( average ) of 2016 is 278250 ;
table_5: as of or for the year ended december 31 ( in millions ) the afs investment securities ( period-end ) of 2018 is 228681 ; the afs investment securities ( period-end ) of 2017 is 200247 ; the afs investment securities ( period-end ) of 2016 is 236670 ;
table_6: as of or for the year ended december 31 ( in millions ) the htm investment securities ( period-end ) of 2018 is 31434 ; the htm investment securities ( period-end ) of 2017 is 47733 ; the htm investment securities ( period-end ) of 2016 is 50168 ;
Reasoning Steps:
Step: add1-1(228681, 200247) = 428928
Step: add1-2(#0, 236670) = 665598
Step: divide1-3(#1, const_3) = 221866
Program:
add(228681, 200247), add(#0, 236670), divide(#1, const_3)
Program (Nested):
divide(add(add(228681, 200247), 236670), const_3)
| 221866.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities . treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , refer to note 5 . in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments . for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 . for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 . the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and , where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . refer to note 10 for further information on the firm 2019s investment securities portfolio . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 . for additional information , refer to notes 1 and 10. .
Table
as of or for the year ended december 31 ( in millions ) | 2018 | 2017 | 2016
investment securities gains/ ( losses ) | $ -395 ( 395 ) | $ -78 ( 78 ) | $ 132
available-for-sale ( 201cafs 201d ) investment securities ( average ) | 203449 | 219345 | 226892
held-to-maturity ( 201chtm 201d ) investment securities ( average ) | 31747 | 47927 | 51358
investment securities portfolio ( average ) | 235197 | 267272 | 278250
afs investment securities ( period-end ) | 228681 | 200247 | 236670
htm investment securities ( period-end ) | 31434 | 47733 | 50168
investment securities portfolio ( period 2013end ) | 260115 | 247980 | 286838
management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities . treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , refer to note 5 . in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments . for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 . for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 . the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and , where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . refer to note 10 for further information on the firm 2019s investment securities portfolio . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 . for additional information , refer to notes 1 and 10. .
Question:
what is the average of the afs investment securities during the years 2016-2018?
Important information:
table_4: as of or for the year ended december 31 ( in millions ) the investment securities portfolio ( average ) of 2018 is 235197 ; the investment securities portfolio ( average ) of 2017 is 267272 ; the investment securities portfolio ( average ) of 2016 is 278250 ;
table_5: as of or for the year ended december 31 ( in millions ) the afs investment securities ( period-end ) of 2018 is 228681 ; the afs investment securities ( period-end ) of 2017 is 200247 ; the afs investment securities ( period-end ) of 2016 is 236670 ;
table_6: as of or for the year ended december 31 ( in millions ) the htm investment securities ( period-end ) of 2018 is 31434 ; the htm investment securities ( period-end ) of 2017 is 47733 ; the htm investment securities ( period-end ) of 2016 is 50168 ;
Reasoning Steps:
Step: add1-1(228681, 200247) = 428928
Step: add1-2(#0, 236670) = 665598
Step: divide1-3(#1, const_3) = 221866
Program:
add(228681, 200247), add(#0, 236670), divide(#1, const_3)
Program (Nested):
divide(add(add(228681, 200247), 236670), const_3)
| finqa331 |
between december 31 , 2011 and december 31 , 2010 , what was the change in the unpaid principal balance outstanding of loans sold as a participant in these programs in billions?
Important information:
text_11: we participated in a similar program with the fhlmc .
text_13: at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively .
text_16: the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet .
Reasoning Steps:
Step: minus2-1(13.2, 13.0) = 0.2
Program:
subtract(13.2, 13.0)
Program (Nested):
subtract(13.2, 13.0)
| 0.2 | 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:
the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2012 estimated expense as a baseline . change in assumption ( a ) estimated increase to 2012 pension expense ( in millions ) .
Table
change in assumption ( a ) | estimatedincrease to 2012pensionexpense ( in millions )
.5% ( .5 % ) decrease in discount rate | $ 23
.5% ( .5 % ) decrease in expected long-term return on assets | $ 18
.5% ( .5 % ) increase in compensation rate | $ 2
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of permitted contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we do not expect to be required by law to make any contributions to the plan during 2012 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees . recourse and repurchase obligations as discussed in note 3 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements in item 8 of this report , pnc has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement . one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions . commercial mortgage loan recourse obligations we originate , close , and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing ( dus ) program . we participated in a similar program with the fhlmc . under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement . at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively . the potential maximum exposure under the loss share arrangements was $ 4.0 billion at both december 31 , 2011 and december 31 , 2010 . we maintain a reserve for estimated losses based on our exposure . the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet . if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses . our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment . residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors . these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements . residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and whole-loan sale transactions . as discussed in note 3 in the notes to consolidated financial statements in item 8 of this report , agency securitizations consist of mortgage loans sale transactions with fnma , fhlmc , and the government national mortgage association ( gnma ) program , while non-agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors . our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with federal housing agency ( fha ) and department of veterans affairs ( va ) -insured and uninsured loans pooled in gnma securitizations historically have been minimal . repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment . pnc 2019s repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition . pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of the whole-loans sold in these transactions . repurchase activity associated with brokered home equity lines/loans are reported in the non-strategic assets portfolio segment . loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans to the pnc financial services group , inc . 2013 form 10-k 69 .
Question:
between december 31 , 2011 and december 31 , 2010 , what was the change in the unpaid principal balance outstanding of loans sold as a participant in these programs in billions?
Important information:
text_11: we participated in a similar program with the fhlmc .
text_13: at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively .
text_16: the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet .
Reasoning Steps:
Step: minus2-1(13.2, 13.0) = 0.2
Program:
subtract(13.2, 13.0)
Program (Nested):
subtract(13.2, 13.0)
| finqa332 |
what was the percentage change in revenue on a pro forma basis between 2006 and 2007?
Important information:
table_1: the revenue of year ended december 30 2007 is $ 366854 ; the revenue of year ended december 31 2006 is $ 187103 ;
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 ) ;
Reasoning Steps:
Step: minus1-1(366854, 187103) = 179751
Step: divide1-2(#0, 187103) = 96%
Program:
subtract(366854, 187103), divide(#0, 187103)
Program (Nested):
divide(subtract(366854, 187103), 187103)
| 0.96071 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 revenue on a pro forma basis between 2006 and 2007?
Important information:
table_1: the revenue of year ended december 30 2007 is $ 366854 ; the revenue of year ended december 31 2006 is $ 187103 ;
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 ) ;
Reasoning Steps:
Step: minus1-1(366854, 187103) = 179751
Step: divide1-2(#0, 187103) = 96%
Program:
subtract(366854, 187103), divide(#0, 187103)
Program (Nested):
divide(subtract(366854, 187103), 187103)
| finqa333 |
what is the growth rate of the net earnings for basic and diluted eps?
Important information:
table_1: ( in millions ) the net earnings attributable to pmi of for the years ended december 31 , 2017 is $ 6035 ; the net earnings attributable to pmi of for the years ended december 31 , 2016 is $ 6967 ; the net earnings attributable to pmi of for the years ended december 31 , 2015 is $ 6873 ;
table_3: ( in millions ) the net earnings for basic and diluted eps of for the years ended december 31 , 2017 is $ 6021 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2016 is $ 6948 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2015 is $ 6849 ;
table_6: ( in millions ) the weighted-average shares for diluted eps of for the years ended december 31 , 2017 is 1553 ; the weighted-average shares for diluted eps of for the years ended december 31 , 2016 is 1551 ; the weighted-average shares for diluted eps of for the years ended december 31 , 2015 is 1549 ;
Reasoning Steps:
Step: minus2-1(6021, 6948) = -927
Step: divide2-2(#0, 6948) = -13.3%
Program:
subtract(6021, 6948), divide(#0, 6948)
Program (Nested):
divide(subtract(6021, 6948), 6948)
| -0.13342 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .
Table
( in millions ) | for the years ended december 31 , 2017 | for the years ended december 31 , 2016 | for the years ended december 31 , 2015
net earnings attributable to pmi | $ 6035 | $ 6967 | $ 6873
less distributed and undistributed earnings attributable to share-based payment awards | 14 | 19 | 24
net earnings for basic and diluted eps | $ 6021 | $ 6948 | $ 6849
weighted-average shares for basic eps | 1552 | 1551 | 1549
plus contingently issuable performance stock units ( psus ) | 1 | 2014 | 2014
weighted-average shares for diluted eps | 1553 | 1551 | 1549
for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .
Question:
what is the growth rate of the net earnings for basic and diluted eps?
Important information:
table_1: ( in millions ) the net earnings attributable to pmi of for the years ended december 31 , 2017 is $ 6035 ; the net earnings attributable to pmi of for the years ended december 31 , 2016 is $ 6967 ; the net earnings attributable to pmi of for the years ended december 31 , 2015 is $ 6873 ;
table_3: ( in millions ) the net earnings for basic and diluted eps of for the years ended december 31 , 2017 is $ 6021 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2016 is $ 6948 ; the net earnings for basic and diluted eps of for the years ended december 31 , 2015 is $ 6849 ;
table_6: ( in millions ) the weighted-average shares for diluted eps of for the years ended december 31 , 2017 is 1553 ; the weighted-average shares for diluted eps of for the years ended december 31 , 2016 is 1551 ; the weighted-average shares for diluted eps of for the years ended december 31 , 2015 is 1549 ;
Reasoning Steps:
Step: minus2-1(6021, 6948) = -927
Step: divide2-2(#0, 6948) = -13.3%
Program:
subtract(6021, 6948), divide(#0, 6948)
Program (Nested):
divide(subtract(6021, 6948), 6948)
| finqa334 |
what is the percentage difference in the fair value per share between 2014 and 2015?
Important information:
text_13: the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables .
text_19: the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards .
table_5: the fair value per share of 2016 is $ 31.00 ; the fair value per share of 2015 is $ 18.13 ; the fair value per share of 2014 is $ 11.75 ;
Reasoning Steps:
Step: minus1-1(18.13, 11.75) = 6.38
Step: divide1-2(#0, 11.75) = 54%
Program:
subtract(18.13, 11.75), divide(#0, 11.75)
Program (Nested):
divide(subtract(18.13, 11.75), 11.75)
| 0.54298 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 ) 13 . common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) . under the nonemployee directors program , upon a director 2019s initial election to the board , the director receives an initial grant of stock options or restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 20000 shares . these grants vest over three years from the date of grant , subject to the director 2019s continued service . in addition , annually each nonemployee director may receive up to 40000 stock options or 16000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million . these grants generally vest over one year from the date of grant . under the nonemployee directors program , an aggregate of 2.8 million shares of the company 2019s common stock has been authorized for issuance . the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) . under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase . under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations . the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states , to the extent permitted by local law . the espp for united states employees is qualified under section 423 of the internal revenue code . the number of shares of common stock authorized for issuance under the espp was 13.8 million shares . the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables . the risk-free interest rate is estimated using the u.s . treasury yield curve and is based on the expected term of the award . expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards lifesciences 2019 stock and the implied volatility from traded options on edwards lifesciences 2019 stock . the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding . the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 6.0% ( 6.0 % ) . the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards .
Table
| 2016 | 2015 | 2014
average risk-free interest rate | 1.1% ( 1.1 % ) | 1.4% ( 1.4 % ) | 1.5% ( 1.5 % )
expected dividend yield | none | none | none
expected volatility | 33% ( 33 % ) | 30% ( 30 % ) | 31% ( 31 % )
expected life ( years ) | 4.5 | 4.6 | 4.6
fair value per share | $ 31.00 | $ 18.13 | $ 11.75
.
Question:
what is the percentage difference in the fair value per share between 2014 and 2015?
Important information:
text_13: the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables .
text_19: the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards .
table_5: the fair value per share of 2016 is $ 31.00 ; the fair value per share of 2015 is $ 18.13 ; the fair value per share of 2014 is $ 11.75 ;
Reasoning Steps:
Step: minus1-1(18.13, 11.75) = 6.38
Step: divide1-2(#0, 11.75) = 54%
Program:
subtract(18.13, 11.75), divide(#0, 11.75)
Program (Nested):
divide(subtract(18.13, 11.75), 11.75)
| finqa335 |
what is the average price per share of the company 2019s common stock in the third quarter of 2016?
Important information:
text_9: 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 .
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_3: quarter the third of 2016 high is 32.91 ; the third of 2016 low is 27.09 ; the third of 2016 dividend is 0.09 ; the third of 2016 high is 33.69 ; the third of 2016 low is 23.91 ; the third of dividend is 0.09 ;
Reasoning Steps:
Step: add1-1(32.91, 27.09) = 60
Step: divide1-2(#0, const_2) = 30
Program:
add(32.91, 27.09), divide(#0, const_2)
Program (Nested):
divide(add(32.91, 27.09), const_2)
| 30.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii item 5 . 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:
what is the average price per share of the company 2019s common stock in the third quarter of 2016?
Important information:
text_9: 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 .
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_3: quarter the third of 2016 high is 32.91 ; the third of 2016 low is 27.09 ; the third of 2016 dividend is 0.09 ; the third of 2016 high is 33.69 ; the third of 2016 low is 23.91 ; the third of dividend is 0.09 ;
Reasoning Steps:
Step: add1-1(32.91, 27.09) = 60
Step: divide1-2(#0, const_2) = 30
Program:
add(32.91, 27.09), divide(#0, const_2)
Program (Nested):
divide(add(32.91, 27.09), const_2)
| finqa336 |
what was the percentage return for pmi common stock for the five years ended 2018?
Important information:
table_1: date the december 31 2013 of pmi is $ 100.00 ; the december 31 2013 of pmi peer group ( 1 ) is $ 100.00 ; the december 31 2013 of s&p 500 index is $ 100.00 ;
table_4: date the december 31 2016 of pmi is $ 120.50 ; the december 31 2016 of pmi peer group ( 1 ) is $ 118.40 ; the december 31 2016 of s&p 500 index is $ 129.00 ;
table_6: date the december 31 2018 of pmi is $ 96.50 ; the december 31 2018 of pmi peer group ( 1 ) is $ 127.70 ; the december 31 2018 of s&p 500 index is $ 150.30 ;
Reasoning Steps:
Step: minus1-1(96.50, const_100) = -3.5
Step: divide1-2(#0, const_100) = -3.5%
Program:
subtract(96.50, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(96.50, const_100), const_100)
| -0.035 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2013 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index .
Table
date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2013 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2014 | $ 97.90 | $ 107.80 | $ 113.70
december 31 2015 | $ 111.00 | $ 116.80 | $ 115.30
december 31 2016 | $ 120.50 | $ 118.40 | $ 129.00
december 31 2017 | $ 144.50 | $ 140.50 | $ 157.20
december 31 2018 | $ 96.50 | $ 127.70 | $ 150.30
( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. .
Question:
what was the percentage return for pmi common stock for the five years ended 2018?
Important information:
table_1: date the december 31 2013 of pmi is $ 100.00 ; the december 31 2013 of pmi peer group ( 1 ) is $ 100.00 ; the december 31 2013 of s&p 500 index is $ 100.00 ;
table_4: date the december 31 2016 of pmi is $ 120.50 ; the december 31 2016 of pmi peer group ( 1 ) is $ 118.40 ; the december 31 2016 of s&p 500 index is $ 129.00 ;
table_6: date the december 31 2018 of pmi is $ 96.50 ; the december 31 2018 of pmi peer group ( 1 ) is $ 127.70 ; the december 31 2018 of s&p 500 index is $ 150.30 ;
Reasoning Steps:
Step: minus1-1(96.50, const_100) = -3.5
Step: divide1-2(#0, const_100) = -3.5%
Program:
subtract(96.50, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(96.50, const_100), const_100)
| finqa337 |
what is the change in total debt to be repaid in the contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2005 between 2008 and 2007?
Important information:
table_1: in millions the total debt of 2006 is $ 1181 ; the total debt of 2007 is $ 570 ; the total debt of 2008 is $ 308 ; the total debt of 2009 is $ 2330 ; the total debt of 2010 is $ 1534 ; the total debt of thereafter is $ 6281 ;
table_2: in millions the lease obligations of 2006 is 172 ; the lease obligations of 2007 is 144 ; the lease obligations of 2008 is 119 ; the lease obligations of 2009 is 76 ; the lease obligations of 2010 is 63 ; the lease obligations of thereafter is 138 ;
table_4: in millions the total of 2006 is $ 4617 ; the total of 2007 is $ 1107 ; the total of 2008 is $ 707 ; the total of 2009 is $ 2646 ; the total of 2010 is $ 1801 ; the total of thereafter is $ 7657 ;
Reasoning Steps:
Step: minus2-1(308, 570) = -262
Program:
subtract(308, 570)
Program (Nested):
subtract(308, 570)
| -262.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
contractual obligations for future payments under existing debt and lease commitments and purchase obli- gations at december 31 , 2005 , were as follows : in millions 2006 2007 2008 2009 2010 thereafter .
Table
in millions | 2006 | 2007 | 2008 | 2009 | 2010 | thereafter
total debt | $ 1181 | $ 570 | $ 308 | $ 2330 | $ 1534 | $ 6281
lease obligations | 172 | 144 | 119 | 76 | 63 | 138
purchase obligations ( a ) | 3264 | 393 | 280 | 240 | 204 | 1238
total | $ 4617 | $ 1107 | $ 707 | $ 2646 | $ 1801 | $ 7657
( a ) the 2006 amount includes $ 2.4 billion for contracts made in the ordinary course of business to purchase pulpwood , logs and wood chips . the majority of our other purchase obligations are take-or-pay or purchase commitments made in the ordinary course of business related to raw material purchases and energy contracts . other significant items include purchase obligations related to contracted services . transformation plan in july 2005 , the company announced a plan to focus its business portfolio on two key global platform businesses : uncoated papers ( including distribution ) and packaging . the plan also focuses on improving shareholder return through mill realignments in those two businesses , additional cost improvements and exploring strategic options for other businesses , includ- ing possible sale or spin-off . in connection with this process , in the third quarter of 2005 , the company completed the sale of its 50.5% ( 50.5 % ) interest in carter holt harvey limited . other businesses currently under re- view include : 2022 the coated and supercalendered papers busi- ness , including the coated groundwood mill and associated assets in brazil , 2022 the beverage packaging business , including the pine bluff , arkansas mill , 2022 the kraft papers business , including the roa- noke rapids , north carolina mill , 2022 arizona chemical , 2022 the wood products business , and 2022 segments or potentially all of the company 2019s 6.5 million acres of u.s . forestlands . consistent with this evaluation process , the com- pany has distributed bid package information for some of these businesses . the exact timing of this evaluation process will vary by business ; however , it is anticipated that decisions will be made for some of these businesses during 2006 . while the exact use of any proceeds from potential future sales is dependent upon various factors affecting future cash flows , such as the amount of any proceeds received and changes in market conditions , input costs and capital spending , the company remains committed to using its free cash flow in 2006 to pay down debt , to return value to shareholders , and for se- lective high-return investments . critical accounting policies the preparation of financial statements in con- formity with generally accepted accounting principles in the united states requires international paper to estab- lish accounting policies and to make estimates that af- fect both the amounts and timing of the recording of assets , liabilities , revenues and expenses . some of these estimates require judgments about matters that are in- herently uncertain . accounting policies whose application may have a significant effect on the reported results of operations and financial position of international paper , and that can require judgments by management that affect their application , include sfas no . 5 , 201caccounting for contingencies , 201d sfas no . 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d sfas no . 142 , 201cgoodwill and other intangible assets , 201d sfas no . 87 , 201cemployers 2019 accounting for pensions , 201d sfas no . 106 , 201cemployers 2019 accounting for postretirement benefits other than pensions , 201d as amended by sfas nos . 132 and 132r , 201cemployers 2019 disclosures about pension and other postretirement benefits , 201d and sfas no . 109 , 201caccounting for income taxes . 201d the following is a discussion of the impact of these accounting policies on international paper : contingent liabilities . accruals for contingent li- abilities , including legal and environmental matters , are recorded when it is probable that a liability has been incurred or an asset impaired and the amount of the loss can be reasonably estimated . liabilities accrued for legal matters require judgments regarding projected outcomes and range of loss based on historical experience and recommendations of legal counsel . additionally , as dis- cussed in note 10 of the notes to consolidated finan- cial statements in item 8 . financial statements and supplementary data , reserves for projected future claims settlements relating to exterior siding and roofing prod- ucts previously manufactured by masonite require judgments regarding projections of future claims rates and amounts . international paper utilizes an in- dependent third party consultant to assist in developing these estimates . liabilities for environmental matters require evaluations of relevant environmental regu- lations and estimates of future remediation alternatives and costs . international paper determines these esti- mates after a detailed evaluation of each site . impairment of long-lived assets and goodwill . an impairment of a long-lived asset exists when the asset 2019s carrying amount exceeds its fair value , and is recorded when the carrying amount is not recoverable through future operations . a goodwill impairment exists when the carrying amount of goodwill exceeds its fair value . assessments of possible impairments of long-lived assets and goodwill are made when events or changes in cir- cumstances indicate that the carrying value of the asset .
Question:
what is the change in total debt to be repaid in the contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2005 between 2008 and 2007?
Important information:
table_1: in millions the total debt of 2006 is $ 1181 ; the total debt of 2007 is $ 570 ; the total debt of 2008 is $ 308 ; the total debt of 2009 is $ 2330 ; the total debt of 2010 is $ 1534 ; the total debt of thereafter is $ 6281 ;
table_2: in millions the lease obligations of 2006 is 172 ; the lease obligations of 2007 is 144 ; the lease obligations of 2008 is 119 ; the lease obligations of 2009 is 76 ; the lease obligations of 2010 is 63 ; the lease obligations of thereafter is 138 ;
table_4: in millions the total of 2006 is $ 4617 ; the total of 2007 is $ 1107 ; the total of 2008 is $ 707 ; the total of 2009 is $ 2646 ; the total of 2010 is $ 1801 ; the total of thereafter is $ 7657 ;
Reasoning Steps:
Step: minus2-1(308, 570) = -262
Program:
subtract(308, 570)
Program (Nested):
subtract(308, 570)
| finqa338 |
for the five years ended 12/31/2006 what is the performance difference of the class b common stock of united parcel service , inc . and the dow jones transportation average?
Important information:
text_2: the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2001 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc .
table_1: the united parcel service inc . of 12/31/01 is $ 100.00 ; the united parcel service inc . of 12/31/02 is $ 117.19 ; the united parcel service inc . of 12/31/03 is $ 140.49 ; the united parcel service inc . of 12/31/04 is $ 163.54 ; the united parcel service inc . of 12/31/05 is $ 146.35 ; the united parcel service inc . of 12/31/06 is $ 148.92 ;
table_3: the dow jones transportation average of 12/31/01 is $ 100.00 ; the dow jones transportation average of 12/31/02 is $ 88.52 ; the dow jones transportation average of 12/31/03 is $ 116.70 ; the dow jones transportation average of 12/31/04 is $ 149.06 ; the dow jones transportation average of 12/31/05 is $ 166.42 ; the dow jones transportation average of 12/31/06 is $ 182.76 ;
Reasoning Steps:
Step: minus2-1(148.92, const_100) = 48.92
Step: minus2-2(182.76, const_100) = 82.76
Step: minus2-3(#0, #1) = -33.84
Program:
subtract(148.92, const_100), subtract(182.76, const_100), subtract(#0, #1)
Program (Nested):
subtract(subtract(148.92, const_100), subtract(182.76, const_100))
| -33.84 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates it by reference into such filing . the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2001 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 180.00 $ 200.00 2001 2002 2003 2004 2005 2006 s&p 500 ups dj transport .
Table
| 12/31/01 | 12/31/02 | 12/31/03 | 12/31/04 | 12/31/05 | 12/31/06
united parcel service inc . | $ 100.00 | $ 117.19 | $ 140.49 | $ 163.54 | $ 146.35 | $ 148.92
s&p 500 index | $ 100.00 | $ 77.90 | $ 100.24 | $ 111.15 | $ 116.61 | $ 135.02
dow jones transportation average | $ 100.00 | $ 88.52 | $ 116.70 | $ 149.06 | $ 166.42 | $ 182.76
securities authorized for issuance under equity compensation plans the following table provides information as of december 31 , 2006 regarding compensation plans under which our class a common stock is authorized for issuance . these plans do not authorize the issuance of our class b common stock. .
Question:
for the five years ended 12/31/2006 what is the performance difference of the class b common stock of united parcel service , inc . and the dow jones transportation average?
Important information:
text_2: the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2001 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc .
table_1: the united parcel service inc . of 12/31/01 is $ 100.00 ; the united parcel service inc . of 12/31/02 is $ 117.19 ; the united parcel service inc . of 12/31/03 is $ 140.49 ; the united parcel service inc . of 12/31/04 is $ 163.54 ; the united parcel service inc . of 12/31/05 is $ 146.35 ; the united parcel service inc . of 12/31/06 is $ 148.92 ;
table_3: the dow jones transportation average of 12/31/01 is $ 100.00 ; the dow jones transportation average of 12/31/02 is $ 88.52 ; the dow jones transportation average of 12/31/03 is $ 116.70 ; the dow jones transportation average of 12/31/04 is $ 149.06 ; the dow jones transportation average of 12/31/05 is $ 166.42 ; the dow jones transportation average of 12/31/06 is $ 182.76 ;
Reasoning Steps:
Step: minus2-1(148.92, const_100) = 48.92
Step: minus2-2(182.76, const_100) = 82.76
Step: minus2-3(#0, #1) = -33.84
Program:
subtract(148.92, const_100), subtract(182.76, const_100), subtract(#0, #1)
Program (Nested):
subtract(subtract(148.92, const_100), subtract(182.76, const_100))
| finqa339 |
what were total operating expenses as a percentage of revenue in 2013?
Important information:
text_16: december 31 , ( in millions ) .
table_1: the revenue of december 31 2013 ( in millions ) is $ 40678 ;
table_2: the net income of december 31 2013 ( in millions ) is 2526 ;
Reasoning Steps:
Step: minus2-1(40678, 2526) = 38152
Step: divide2-2(#0, 40678) = 93.8%
Program:
subtract(40678, 2526), divide(#0, 40678)
Program (Nested):
divide(subtract(40678, 2526), 40678)
| 0.9379 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents notes to consolidated financial statements of american airlines group inc . information generated by market transactions involving comparable assets , as well as pricing guides and other sources . the current market for the aircraft , the maintenance condition of the aircraft and the expected proceeds from the sale of the assets , among other factors , were considered . the market approach was utilized to value certain intangible assets such as airport take off and landing slots when sufficient market information was available . the income approach was primarily used to value intangible assets , including customer relationships , marketing agreements , certain international route authorities , and the us airways tradename . the income approach indicates value for a subject asset based on the present value of cash flows projected to be generated by the asset . projected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money . the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for certain assets for which the market and income approaches could not be applied due to the nature of the asset . the cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset , less an allowance for loss in value due to depreciation . the fair value of us airways 2019 dividend miles loyalty program liability was determined based on the weighted average equivalent ticket value of outstanding miles which were expected to be redeemed for future travel at december 9 , 2013 . the weighted average equivalent ticket value contemplates differing classes of service , domestic and international itineraries and the carrier providing the award travel . pro-forma impact of the merger the company 2019s unaudited pro-forma results presented below include the effects of the merger as if it had been consummated as of january 1 , 2012 . the pro-forma results include the depreciation and amortization associated with the acquired tangible and intangible assets , lease and debt fair value adjustments , the elimination of any deferred gains or losses , adjustments relating to reflecting the fair value of the loyalty program liability and the impact of income changes on profit sharing expense , among others . in addition , the pro-forma results below reflect the impact of higher wage rates related to memorandums of understanding with us airways 2019 pilots that became effective upon closing of the merger , as well as the elimination of the company 2019s reorganization items , net and merger transition costs . however , the pro-forma results do not include any anticipated synergies or other expected benefits of the merger . accordingly , the unaudited pro-forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of january 1 , 2012 . december 31 , ( in millions ) .
Table
| december 31 2013 ( in millions )
revenue | $ 40678
net income | 2526
5 . basis of presentation and summary of significant accounting policies ( a ) basis of presentation the consolidated financial statements for the full years of 2015 and 2014 and the period from december 9 , 2013 to december 31 , 2013 include the accounts of the company and its wholly-owned subsidiaries . for the periods prior to december 9 , 2013 , the consolidated financial statements do not include the accounts of us airways group . all significant intercompany transactions have been eliminated . the preparation of financial statements in accordance with accounting principles generally accepted in the united states ( gaap ) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities , revenues and expenses , and the disclosure of contingent assets and liabilities at the date of the financial statements . actual results could differ from those estimates . the most significant areas .
Question:
what were total operating expenses as a percentage of revenue in 2013?
Important information:
text_16: december 31 , ( in millions ) .
table_1: the revenue of december 31 2013 ( in millions ) is $ 40678 ;
table_2: the net income of december 31 2013 ( in millions ) is 2526 ;
Reasoning Steps:
Step: minus2-1(40678, 2526) = 38152
Step: divide2-2(#0, 40678) = 93.8%
Program:
subtract(40678, 2526), divide(#0, 40678)
Program (Nested):
divide(subtract(40678, 2526), 40678)
| finqa340 |
what is the net change in net revenue during 2003 for entergy louisiana , inc.?
Important information:
table_1: the 2002 net revenue of ( in millions ) is $ 922.9 ;
table_4: the volume of ( in millions ) is -16.2 ( 16.2 ) ;
table_7: the 2003 net revenue of ( in millions ) is $ 973.7 ;
Reasoning Steps:
Step: minus2-1(973.7, 922.9) = 50.8
Program:
subtract(973.7, 922.9)
Program (Nested):
subtract(973.7, 922.9)
| 50.8 | 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:
entergy louisiana , inc . management's financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 98.0 million in fuel cost recovery revenues due to higher fuel rates ; and 2022 an increase due to volume/weather , as discussed above . the increase was partially offset by the following : 2022 a decrease of $ 31.9 million in the price applied to unbilled sales , as discussed above ; 2022 a decrease of $ 12.2 million in rate refund provisions , as discussed above ; and 2022 a decrease of $ 5.2 million in gross wholesale revenue due to decreased sales to affiliated systems . fuel and purchased power expenses increased primarily due to : 2022 an increase in the recovery from customers of deferred fuel costs ; and 2022 an increase in the market price of natural gas . other regulatory credits increased primarily due to : 2022 the deferral in 2004 of $ 14.3 million of capacity charges related to generation resource planning as allowed by the lpsc ; 2022 the amortization in 2003 of $ 11.8 million of deferred capacity charges , as discussed above ; and 2022 the deferral in 2004 of $ 11.4 million related to entergy's voluntary severance program , in accordance with a proposed stipulation with the lpsc staff . 2003 compared to 2002 net revenue , which is entergy louisiana's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2003 to 2002. .
Table
| ( in millions )
2002 net revenue | $ 922.9
deferred fuel cost revisions | 59.1
asset retirement obligation | 8.2
volume | -16.2 ( 16.2 )
vidalia settlement | -9.2 ( 9.2 )
other | 8.9
2003 net revenue | $ 973.7
the deferred fuel cost revisions variance resulted from a revised unbilled sales pricing estimate made in december 2002 and a further revision made in the first quarter of 2003 to more closely align the fuel component of that pricing with expected recoverable fuel costs . the asset retirement obligation variance was due to the implementation of sfas 143 , "accounting for asset retirement obligations" adopted in january 2003 . see "critical accounting estimates" for more details on sfas 143 . the increase was offset by decommissioning expense and had no effect on net income . the volume variance was due to a decrease in electricity usage in the service territory . billed usage decreased 1868 gwh in the industrial sector including the loss of a large industrial customer to cogeneration. .
Question:
what is the net change in net revenue during 2003 for entergy louisiana , inc.?
Important information:
table_1: the 2002 net revenue of ( in millions ) is $ 922.9 ;
table_4: the volume of ( in millions ) is -16.2 ( 16.2 ) ;
table_7: the 2003 net revenue of ( in millions ) is $ 973.7 ;
Reasoning Steps:
Step: minus2-1(973.7, 922.9) = 50.8
Program:
subtract(973.7, 922.9)
Program (Nested):
subtract(973.7, 922.9)
| finqa341 |
for the chicago headquarters lease , assuming the two options to extend the term are exercised , what is the last year the space can be leased?
Important information:
text_7: location primary use owned/leased lease expiration approximate size ( in square feet ) ( 1 ) 20 south wacker drive , chicago , illinois global headquarters and office space leased 2022 ( 2 ) 490000 141 west jackson chicago , illinois chicago trading floor and office space owned n/a 1500000 ( 3 ) 550 west washington chicago , illinois office space leased 2023 225000 one north end new york , new york new york trading floor and office space mixed ( 4 ) 2069 500000 ( 5 ) 33 cannon street , london office space leased 2019 14000 ( 6 ) one new change , london office space leased 2026 40000 ( 7 ) annex data center chicagoland area business continuity leased 2014 100000 remote data center chicagoland area business continuity leased 2017 50000 data center 3 chicagoland area business continuity and co-location owned n/a 430000 ( 1 ) size represents the amount of space leased by us unless otherwise noted .
table_1: location the 20south wacker drive chicagoillinois of primary use is global headquarters and office space ; the 20south wacker drive chicagoillinois of owned/leased is leased ; the 20south wacker drive chicagoillinois of lease expiration is 2022 ( 2 ) ; the 20south wacker drive chicagoillinois of approximate size ( in squarefeet ) ( 1 ) is 490000 ;
table_2: location the 141west jacksonchicago illinois of primary use is chicago trading floor and office space ; the 141west jacksonchicago illinois of owned/leased is owned ; the 141west jacksonchicago illinois of lease expiration is n/a ; the 141west jacksonchicago illinois of approximate size ( in squarefeet ) ( 1 ) is 1500000 ( 3 ) ;
Reasoning Steps:
Step: add1-1(2022, const_9) = 2031
Step: add1-2(#0, const_10) = 2014
Program:
add(2022, const_9), add(#0, const_10)
Program (Nested):
add(add(2022, const_9), const_10)
| 2041.0 | 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:
directors in advance for their review . in the event the cbot directors determine in their sole discretion that a proposed rule change will materially impair the business of cbot or the business opportunities of the holders of the cbot memberships , such change must be submitted to a committee comprised of three cbot directors and two cme directors ( as defined in our bylaws ) . in connection with these rights , our ability to take certain actions that we may deem to be in the best interests of the company and its shareholders , including actions relating to the operation of our open outcry trading facilities and certain pricing decisions , may be limited by the rights of our members . item 1b.unresolved staff comments not applicable . item 2 . properties our global headquarters are located in chicago , illinois at 20 south wacker drive . the following is a description of our key locations and facilities . location primary use owned/leased lease expiration approximate size ( in square feet ) ( 1 ) 20 south wacker drive , chicago , illinois global headquarters and office space leased 2022 ( 2 ) 490000 141 west jackson chicago , illinois chicago trading floor and office space owned n/a 1500000 ( 3 ) 550 west washington chicago , illinois office space leased 2023 225000 one north end new york , new york new york trading floor and office space mixed ( 4 ) 2069 500000 ( 5 ) 33 cannon street , london office space leased 2019 14000 ( 6 ) one new change , london office space leased 2026 40000 ( 7 ) annex data center chicagoland area business continuity leased 2014 100000 remote data center chicagoland area business continuity leased 2017 50000 data center 3 chicagoland area business continuity and co-location owned n/a 430000 ( 1 ) size represents the amount of space leased by us unless otherwise noted . ( 2 ) the initial lease expires in 2022 with two consecutive options to extend the term for seven and ten years , respectively . ( 3 ) we occupy approximately 425000 square feet of the 141 west jackson complex . ( 4 ) the one north end property is subject to a ground lease with the battery park city authority for the site of our new york offices and trading facility . in accordance with the terms of the lease , we are deemed to lease the building and its improvements from the landlord . we do not make lease payments to the landlord related to the building and we receive the financial benefit of the rental income . ( 5 ) we occupy approximately 350000 square feet of the one north end building . ( 6 ) we have a termination right effective in the first quarter of 2012 , which we intend to exercise in the first quarter of 2011 . ( 7 ) we expect to occupy the space at one new change in the second quarter of 2011 . we also lease global office space around the world and have also partnered with major global telecommunications carriers in connection with our telecommunications hubs whereby we place data cabinets within the carriers 2019 existing secured data centers . we believe our facilities are adequate for our current operations and that additional space can be obtained if needed . item 3 . legal proceedings see 201clegal matters 201d in note 18 . contingencies to the consolidated financial statements beginning on page 96 for cme group 2019s litigation disclosure which is incorporated herein by reference. .
Table
location | primary use | owned/leased | lease expiration | approximate size ( in squarefeet ) ( 1 )
20south wacker drive chicagoillinois | global headquarters and office space | leased | 2022 ( 2 ) | 490000
141west jacksonchicago illinois | chicago trading floor and office space | owned | n/a | 1500000 ( 3 )
550west washingtonchicago illinois | office space | leased | 2023 | 225000
onenorth endnew york new york | new york trading floor and office space | mixed ( 4 ) | 2069 | 500000 ( 5 )
33cannon street london | office space | leased | 2019 | 14000 ( 6 )
onenew change london | office space | leased | 2026 | 40000 ( 7 )
annexdata centerchicagoland area | business continuity | leased | 2014 | 100000
remotedata centerchicagoland area | business continuity | leased | 2017 | 50000
datacenter 3chicagoland area | business continuity and co-location | owned | n/a | 430000
directors in advance for their review . in the event the cbot directors determine in their sole discretion that a proposed rule change will materially impair the business of cbot or the business opportunities of the holders of the cbot memberships , such change must be submitted to a committee comprised of three cbot directors and two cme directors ( as defined in our bylaws ) . in connection with these rights , our ability to take certain actions that we may deem to be in the best interests of the company and its shareholders , including actions relating to the operation of our open outcry trading facilities and certain pricing decisions , may be limited by the rights of our members . item 1b.unresolved staff comments not applicable . item 2 . properties our global headquarters are located in chicago , illinois at 20 south wacker drive . the following is a description of our key locations and facilities . location primary use owned/leased lease expiration approximate size ( in square feet ) ( 1 ) 20 south wacker drive , chicago , illinois global headquarters and office space leased 2022 ( 2 ) 490000 141 west jackson chicago , illinois chicago trading floor and office space owned n/a 1500000 ( 3 ) 550 west washington chicago , illinois office space leased 2023 225000 one north end new york , new york new york trading floor and office space mixed ( 4 ) 2069 500000 ( 5 ) 33 cannon street , london office space leased 2019 14000 ( 6 ) one new change , london office space leased 2026 40000 ( 7 ) annex data center chicagoland area business continuity leased 2014 100000 remote data center chicagoland area business continuity leased 2017 50000 data center 3 chicagoland area business continuity and co-location owned n/a 430000 ( 1 ) size represents the amount of space leased by us unless otherwise noted . ( 2 ) the initial lease expires in 2022 with two consecutive options to extend the term for seven and ten years , respectively . ( 3 ) we occupy approximately 425000 square feet of the 141 west jackson complex . ( 4 ) the one north end property is subject to a ground lease with the battery park city authority for the site of our new york offices and trading facility . in accordance with the terms of the lease , we are deemed to lease the building and its improvements from the landlord . we do not make lease payments to the landlord related to the building and we receive the financial benefit of the rental income . ( 5 ) we occupy approximately 350000 square feet of the one north end building . ( 6 ) we have a termination right effective in the first quarter of 2012 , which we intend to exercise in the first quarter of 2011 . ( 7 ) we expect to occupy the space at one new change in the second quarter of 2011 . we also lease global office space around the world and have also partnered with major global telecommunications carriers in connection with our telecommunications hubs whereby we place data cabinets within the carriers 2019 existing secured data centers . we believe our facilities are adequate for our current operations and that additional space can be obtained if needed . item 3 . legal proceedings see 201clegal matters 201d in note 18 . contingencies to the consolidated financial statements beginning on page 96 for cme group 2019s litigation disclosure which is incorporated herein by reference. .
Question:
for the chicago headquarters lease , assuming the two options to extend the term are exercised , what is the last year the space can be leased?
Important information:
text_7: location primary use owned/leased lease expiration approximate size ( in square feet ) ( 1 ) 20 south wacker drive , chicago , illinois global headquarters and office space leased 2022 ( 2 ) 490000 141 west jackson chicago , illinois chicago trading floor and office space owned n/a 1500000 ( 3 ) 550 west washington chicago , illinois office space leased 2023 225000 one north end new york , new york new york trading floor and office space mixed ( 4 ) 2069 500000 ( 5 ) 33 cannon street , london office space leased 2019 14000 ( 6 ) one new change , london office space leased 2026 40000 ( 7 ) annex data center chicagoland area business continuity leased 2014 100000 remote data center chicagoland area business continuity leased 2017 50000 data center 3 chicagoland area business continuity and co-location owned n/a 430000 ( 1 ) size represents the amount of space leased by us unless otherwise noted .
table_1: location the 20south wacker drive chicagoillinois of primary use is global headquarters and office space ; the 20south wacker drive chicagoillinois of owned/leased is leased ; the 20south wacker drive chicagoillinois of lease expiration is 2022 ( 2 ) ; the 20south wacker drive chicagoillinois of approximate size ( in squarefeet ) ( 1 ) is 490000 ;
table_2: location the 141west jacksonchicago illinois of primary use is chicago trading floor and office space ; the 141west jacksonchicago illinois of owned/leased is owned ; the 141west jacksonchicago illinois of lease expiration is n/a ; the 141west jacksonchicago illinois of approximate size ( in squarefeet ) ( 1 ) is 1500000 ( 3 ) ;
Reasoning Steps:
Step: add1-1(2022, const_9) = 2031
Step: add1-2(#0, const_10) = 2014
Program:
add(2022, const_9), add(#0, const_10)
Program (Nested):
add(add(2022, const_9), const_10)
| finqa342 |
at december 31 , 2013 what was the percent of square feet of our office in alpharetta , georgia not leased
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 ;
text_14: 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 .
Reasoning Steps:
Step: divide1-1(165000, 254000) = 65%
Program:
divide(165000, 254000)
Program (Nested):
divide(165000, 254000)
| 0.64961 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 percent of square feet of our office in alpharetta , georgia not leased
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 ;
text_14: 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 .
Reasoning Steps:
Step: divide1-1(165000, 254000) = 65%
Program:
divide(165000, 254000)
Program (Nested):
divide(165000, 254000)
| finqa343 |
what was the percentage change in capital expenditures for property , plant and equipment from 2009 to 2010?
Important information:
text_2: the increase primarily was attributable to an improvement in our operating working capital balances of $ 570 million as discussed below , and $ 187 million related to lower net income tax payments , as compared to 2009 .
text_17: capital expenditures for property , plant and equipment amounted to $ 820 million in 2010 , $ 852 million in 2009 , and $ 926 million in 2008 .
text_25: financing activities share activity and dividends 2013 during 2010 , 2009 , and 2008 , we repurchased 33.0 million , 24.9 million , and 29.0 million shares of our common stock for $ 2483 million , $ 1851 million , and $ 2931 million .
Reasoning Steps:
Step: minus1-1(820, 852) = -32
Step: divide1-2(#0, 852) = -4%
Program:
subtract(820, 852), divide(#0, 852)
Program (Nested):
divide(subtract(820, 852), 852)
| -0.03756 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 millions ) 2010 2009 2008 .
Table
( in millions ) | 2010 | 2009 | 2008
net cash provided by operating activities | $ 3547 | $ 3173 | $ 4421
net cash used for investing activities | -319 ( 319 ) | -1518 ( 1518 ) | -907 ( 907 )
net cash used for financing activities | -3363 ( 3363 ) | -1476 ( 1476 ) | -3938 ( 3938 )
operating activities net cash provided by operating activities increased by $ 374 million to $ 3547 million in 2010 as compared to 2009 . the increase primarily was attributable to an improvement in our operating working capital balances of $ 570 million as discussed below , and $ 187 million related to lower net income tax payments , as compared to 2009 . partially offsetting these improvements was a net reduction in cash from operations of $ 350 million related to our defined benefit pension plan . this reduction was the result of increased contributions to the pension trust of $ 758 million as compared to 2009 , partially offset by an increase in the cas costs recovered on our contracts . operating working capital accounts consists of receivables , inventories , accounts payable , and customer advances and amounts in excess of costs incurred . the improvement in cash provided by operating working capital was due to a decline in 2010 accounts receivable balances compared to 2009 , and an increase in 2010 customer advances and amounts in excess of costs incurred balances compared to 2009 . these improvements partially were offset by a decline in accounts payable balances in 2010 compared to 2009 . the decline in accounts receivable primarily was due to higher collections on various programs at electronic systems , is&gs , and space systems business areas . the increase in customer advances and amounts in excess of costs incurred primarily was attributable to an increase on government and commercial satellite programs at space systems and air mobility programs at aeronautics , partially offset by a decrease on various programs at electronic systems . the decrease in accounts payable was attributable to the timing of accounts payable activities across all segments . net cash provided by operating activities decreased by $ 1248 million to $ 3173 million in 2009 as compared to 2008 . the decline primarily was attributable to an increase in our contributions to the defined benefit pension plan of $ 1373 million as compared to 2008 and an increase in our operating working capital accounts of $ 147 million . partially offsetting these items was the impact of lower net income tax payments in 2009 as compared to 2008 in the amount of $ 319 million . the decline in cash provided by operating working capital primarily was due to growth of receivables on various programs in the ms2 and gt&l lines of business at electronic systems and an increase in inventories on combat aircraft programs at aeronautics , which partially were offset by increases in customer advances and amounts in excess of costs incurred on government satellite programs at space systems and the timing of accounts payable activities . investing activities capital expenditures 2013 the majority of our capital expenditures relate to facilities infrastructure and equipment that are incurred to support new and existing programs across all of our business segments . we also incur capital expenditures for it to support programs and general enterprise it infrastructure . capital expenditures for property , plant and equipment amounted to $ 820 million in 2010 , $ 852 million in 2009 , and $ 926 million in 2008 . we expect that our operating cash flows will continue to be sufficient to fund our annual capital expenditures over the next few years . acquisitions , divestitures and other activities 2013 acquisition activities include both the acquisition of businesses and investments in affiliates . amounts paid in 2010 of $ 148 million primarily related to investments in affiliates . we paid $ 435 million in 2009 for acquisition activities , compared with $ 233 million in 2008 . in 2010 , we received proceeds of $ 798 million from the sale of eig , net of $ 17 million in transaction costs ( see note 2 ) . there were no material divestiture activities in 2009 and 2008 . during 2010 , we increased our short-term investments by $ 171 million compared to an increase of $ 279 million in 2009 . financing activities share activity and dividends 2013 during 2010 , 2009 , and 2008 , we repurchased 33.0 million , 24.9 million , and 29.0 million shares of our common stock for $ 2483 million , $ 1851 million , and $ 2931 million . of the shares we repurchased in 2010 , 0.9 million shares for $ 63 million were repurchased in december but settled and were paid for in january 2011 . in october 2010 , our board of directors approved a new share repurchase program for the repurchase of our common stock from time-to-time , up to an authorized amount of $ 3.0 billion ( see note 12 ) . under the program , we have discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . we repurchased a total of 11.2 million shares under the program for $ 776 million , and as of december 31 , 2010 , there remained $ 2224 million available for additional share repurchases . in connection with their approval of the new share repurchase program , our board terminated our previous share repurchase program . cash received from the issuance of our common stock in connection with stock option exercises during 2010 , 2009 , and 2008 totaled $ 59 million , $ 40 million , and $ 250 million . those activities resulted in the issuance of 1.4 million shares , 1.0 million shares , and 4.7 million shares during the respective periods. .
Question:
what was the percentage change in capital expenditures for property , plant and equipment from 2009 to 2010?
Important information:
text_2: the increase primarily was attributable to an improvement in our operating working capital balances of $ 570 million as discussed below , and $ 187 million related to lower net income tax payments , as compared to 2009 .
text_17: capital expenditures for property , plant and equipment amounted to $ 820 million in 2010 , $ 852 million in 2009 , and $ 926 million in 2008 .
text_25: financing activities share activity and dividends 2013 during 2010 , 2009 , and 2008 , we repurchased 33.0 million , 24.9 million , and 29.0 million shares of our common stock for $ 2483 million , $ 1851 million , and $ 2931 million .
Reasoning Steps:
Step: minus1-1(820, 852) = -32
Step: divide1-2(#0, 852) = -4%
Program:
subtract(820, 852), divide(#0, 852)
Program (Nested):
divide(subtract(820, 852), 852)
| finqa344 |
what was the percentage growth in the stock price performance for tractor supply company from 2012 to 2013
Important information:
text_3: the historical stock price performance shown on this graph is not indicative of future performance. .
table_1: the tractor supply company of 12/29/2012 is $ 100.00 ; the tractor supply company of 12/28/2013 is $ 174.14 ; the tractor supply company of 12/27/2014 is $ 181.29 ; the tractor supply company of 12/26/2015 is $ 201.04 ; the tractor supply company of 12/31/2016 is $ 179.94 ; the tractor supply company of 12/30/2017 is $ 180.52 ;
table_2: the s&p 500 of 12/29/2012 is $ 100.00 ; the s&p 500 of 12/28/2013 is $ 134.11 ; the s&p 500 of 12/27/2014 is $ 155.24 ; the s&p 500 of 12/26/2015 is $ 156.43 ; the s&p 500 of 12/31/2016 is $ 173.74 ; the s&p 500 of 12/30/2017 is $ 211.67 ;
Reasoning Steps:
Step: minus1-1(174.14, 100.00) = 74.14
Step: divide1-2(#0, 100.00) = 74.14%
Program:
subtract(174.14, 100.00), divide(#0, 100.00)
Program (Nested):
divide(subtract(174.14, 100.00), 100.00)
| 0.7414 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of tractor supply company under the securities act of 1933 , as amended , or the exchange act . the following graph compares the cumulative total stockholder return on our common stock from december 29 , 2012 to december 30 , 2017 ( the company 2019s fiscal year-end ) , with the cumulative total returns of the s&p 500 index and the s&p retail index over the same period . the comparison assumes that $ 100 was invested on december 29 , 2012 , in our common stock and in each of the foregoing indices and in each case assumes reinvestment of dividends . the historical stock price performance shown on this graph is not indicative of future performance. .
Table
| 12/29/2012 | 12/28/2013 | 12/27/2014 | 12/26/2015 | 12/31/2016 | 12/30/2017
tractor supply company | $ 100.00 | $ 174.14 | $ 181.29 | $ 201.04 | $ 179.94 | $ 180.52
s&p 500 | $ 100.00 | $ 134.11 | $ 155.24 | $ 156.43 | $ 173.74 | $ 211.67
s&p retail index | $ 100.00 | $ 147.73 | $ 164.24 | $ 207.15 | $ 219.43 | $ 286.13
.
Question:
what was the percentage growth in the stock price performance for tractor supply company from 2012 to 2013
Important information:
text_3: the historical stock price performance shown on this graph is not indicative of future performance. .
table_1: the tractor supply company of 12/29/2012 is $ 100.00 ; the tractor supply company of 12/28/2013 is $ 174.14 ; the tractor supply company of 12/27/2014 is $ 181.29 ; the tractor supply company of 12/26/2015 is $ 201.04 ; the tractor supply company of 12/31/2016 is $ 179.94 ; the tractor supply company of 12/30/2017 is $ 180.52 ;
table_2: the s&p 500 of 12/29/2012 is $ 100.00 ; the s&p 500 of 12/28/2013 is $ 134.11 ; the s&p 500 of 12/27/2014 is $ 155.24 ; the s&p 500 of 12/26/2015 is $ 156.43 ; the s&p 500 of 12/31/2016 is $ 173.74 ; the s&p 500 of 12/30/2017 is $ 211.67 ;
Reasoning Steps:
Step: minus1-1(174.14, 100.00) = 74.14
Step: divide1-2(#0, 100.00) = 74.14%
Program:
subtract(174.14, 100.00), divide(#0, 100.00)
Program (Nested):
divide(subtract(174.14, 100.00), 100.00)
| finqa345 |
what was the ratio of the total loss due to instrument-specific credit risk for 2008 to 2007
Important information:
text_1: the amount funded was insignificant with no amounts 90 days or more past due or on a non-accrual status at december 31 , 2008 and december 31 , 2007 .
table_1: in millions of dollars the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 16254 ; the carrying amount reported on the consolidated balance sheet of 2008 loans is $ 2315 ; the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 26020 ; the carrying amount reported on the consolidated balance sheet of loans is $ 3038 ;
text_13: the changes in fair value for the years ended december 31 , 2008 and 2007 due to instrument-specific credit risk totaled to a loss of $ 38 million and $ 188 million , respectively .
Reasoning Steps:
Step: divide1-1(38, 188) = .20
Program:
divide(38, 188)
Program (Nested):
divide(38, 188)
| 0.20213 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 notional amount of these unfunded letters of credit was $ 1.4 billion as of december 31 , 2008 and december 31 , 2007 . the amount funded was insignificant with no amounts 90 days or more past due or on a non-accrual status at december 31 , 2008 and december 31 , 2007 . these items have been classified appropriately in trading account assets or trading account liabilities on the consolidated balance sheet . changes in fair value of these items are classified in principal transactions in the company 2019s consolidated statement of income . other items for which the fair-value option was selected in accordance with sfas 159 the company has elected the fair-value option for the following eligible items , which did not affect opening retained earnings : 2022 certain credit products ; 2022 certain investments in private equity and real estate ventures and certain equity-method investments ; 2022 certain structured liabilities ; 2022 certain non-structured liabilities ; and 2022 certain mortgage loans certain credit products citigroup has elected the fair-value option for certain originated and purchased loans , including certain unfunded loan products , such as guarantees and letters of credit , executed by citigroup 2019s trading businesses . none of these credit products is a highly leveraged financing commitment . significant groups of transactions include loans and unfunded loan products that are expected to be either sold or securitized in the near term , or transactions where the economic risks are hedged with derivative instruments such as purchased credit default swaps or total return swaps where the company pays the total return on the underlying loans to a third party . citigroup has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . fair value was not elected for most lending transactions across the company , including where those management objectives would not be met . the following table provides information about certain credit products carried at fair value: .
Table
in millions of dollars | 2008 trading assets | 2008 loans | 2008 trading assets | loans
carrying amount reported on the consolidated balance sheet | $ 16254 | $ 2315 | $ 26020 | $ 3038
aggregate unpaid principal balance in excess of fair value | $ 6501 | $ 3 | $ 899 | $ -5 ( 5 )
balance on non-accrual loans or loans more than 90 days past due | $ 77 | $ 1113 | $ 186 | $ 1292
aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue | $ 190 | $ -4 ( 4 ) | $ 68 | $ 2014
in millions of dollars trading assets loans trading assets loans carrying amount reported on the consolidated balance sheet $ 16254 $ 2315 $ 26020 $ 3038 aggregate unpaid principal balance in excess of fair value $ 6501 $ 3 $ 899 $ ( 5 ) balance on non-accrual loans or loans more than 90 days past due $ 77 $ 1113 $ 186 $ 1292 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 190 $ ( 4 ) $ 68 $ 2014 in addition to the amounts reported above , $ 72 million and $ 141 million of unfunded loan commitments related to certain credit products selected for fair-value accounting were outstanding as of december 31 , 2008 and december 31 , 2007 , respectively . changes in fair value of funded and unfunded credit products are classified in principal transactions in the company 2019s consolidated statement of income . related interest revenue is measured based on the contractual interest rates and reported as interest revenue on trading account assets or loans depending on their balance sheet classifications . the changes in fair value for the years ended december 31 , 2008 and 2007 due to instrument-specific credit risk totaled to a loss of $ 38 million and $ 188 million , respectively . certain investments in private equity and real estate ventures and certain equity method investments citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation . the company has elected the fair-value option for certain of these ventures , because such investments are considered similar to many private equity or hedge fund activities in our investment companies , which are reported at fair value . the fair-value option brings consistency in the accounting and evaluation of certain of these investments . as required by sfas 159 , all investments ( debt and equity ) in such private equity and real estate entities are accounted for at fair value . these investments are classified as investments on citigroup 2019s consolidated balance sheet . citigroup also holds various non-strategic investments in leveraged buyout funds and other hedge funds that previously were required to be accounted for under the equity method . the company elected fair-value accounting to reduce operational and accounting complexity . since the funds account for all of their underlying assets at fair value , the impact of applying the equity method to citigroup 2019s investment in these funds was equivalent to fair-value accounting . thus , this fair-value election had no impact on opening retained earnings . these investments are classified as other assets on citigroup 2019s consolidated balance sheet . changes in the fair values of these investments are classified in other revenue in the company 2019s consolidated statement of income . certain structured liabilities the company has elected the fair-value option for certain structured liabilities whose performance is linked to structured interest rates , inflation or currency risks ( 201cstructured liabilities 201d ) . the company elected the fair- value option , because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . these positions will continue to be classified as debt , deposits or derivatives ( trading account liabilities ) on the company 2019s consolidated balance sheet according to their legal form . for those structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 277 million as of december 31 , 2008 and $ 7 million as of december 31 , 2007 . the change in fair value for these structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense is measured based on the contractual interest rates and reported as such in the consolidated income statement . certain non-structured liabilities the company has elected the fair-value option for certain non-structured liabilities with fixed and floating interest rates ( 201cnon-structured liabilities 201d ) . .
Question:
what was the ratio of the total loss due to instrument-specific credit risk for 2008 to 2007
Important information:
text_1: the amount funded was insignificant with no amounts 90 days or more past due or on a non-accrual status at december 31 , 2008 and december 31 , 2007 .
table_1: in millions of dollars the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 16254 ; the carrying amount reported on the consolidated balance sheet of 2008 loans is $ 2315 ; the carrying amount reported on the consolidated balance sheet of 2008 trading assets is $ 26020 ; the carrying amount reported on the consolidated balance sheet of loans is $ 3038 ;
text_13: the changes in fair value for the years ended december 31 , 2008 and 2007 due to instrument-specific credit risk totaled to a loss of $ 38 million and $ 188 million , respectively .
Reasoning Steps:
Step: divide1-1(38, 188) = .20
Program:
divide(38, 188)
Program (Nested):
divide(38, 188)
| finqa346 |
what is the increase observed in the balance at the end of the year during 2005 and 2004?
Important information:
table_3: balance december 31 2002 the balance december 31 2003 of $ 450697000 is 514177000 ;
table_6: balance december 31 2002 the balance december 31 2004 of $ 450697000 is 595338000 ;
table_9: balance december 31 2002 the balance december 31 2005 of $ 450697000 is $ 663750000 ;
Reasoning Steps:
Step: divide2-1(663750000, 595338000) = 1.1149
Step: minus2-2(#0, const_1) = 11.49%
Program:
divide(663750000, 595338000), subtract(#0, const_1)
Program (Nested):
subtract(divide(663750000, 595338000), const_1)
| 0.11491 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 increase observed in the balance at the end of the year during 2005 and 2004?
Important information:
table_3: balance december 31 2002 the balance december 31 2003 of $ 450697000 is 514177000 ;
table_6: balance december 31 2002 the balance december 31 2004 of $ 450697000 is 595338000 ;
table_9: balance december 31 2002 the balance december 31 2005 of $ 450697000 is $ 663750000 ;
Reasoning Steps:
Step: divide2-1(663750000, 595338000) = 1.1149
Step: minus2-2(#0, const_1) = 11.49%
Program:
divide(663750000, 595338000), subtract(#0, const_1)
Program (Nested):
subtract(divide(663750000, 595338000), const_1)
| finqa347 |
as of december 31 , what was percent of the capital markets goodwill to the total
Important information:
text_4: the following table shows the amount of goodwill allocated to each of the reporting units in the trading and investing segment ( dollars in millions ) : .
table_2: reporting unit the capital markets of december 31 2011 is 142.4 ;
table_4: reporting unit the total goodwill of december 31 2011 is $ 1934.2 ;
Reasoning Steps:
Step: divide2-1(142.4, 1934.2) = 7.4%
Program:
divide(142.4, 1934.2)
Program (Nested):
divide(142.4, 1934.2)
| 0.07362 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
judgments the valuation of goodwill and other intangible assets depends on a number of factors , including estimates of future market growth and trends , forecasted revenue and costs , expected useful lives of the assets , appropriate discount rates and other variables . goodwill is allocated to reporting units , which are components of the business that are one level below operating segments . each of these reporting units is tested for impairment individually during the annual evaluation . there is no goodwill assigned to reporting units within the balance sheet management segment . the following table shows the amount of goodwill allocated to each of the reporting units in the trading and investing segment ( dollars in millions ) : .
Table
reporting unit | december 31 2011
u.s . brokerage | $ 1751.2
capital markets | 142.4
retail bank | 40.6
total goodwill | $ 1934.2
in connection with our annual impairment test of goodwill , we concluded that the goodwill was not impaired as the fair value of the reporting units was in excess of the book value of those reporting units as of december 31 , 2011 . the fair value of the reporting units exceeded the book value of those reporting units by substantial amounts ( fair value as a percent of book value ranged from approximately 150% ( 150 % ) to 700% ( 700 % ) ) and therefore did not indicate a significant risk of goodwill impairment based on current projections and valuations . we also evaluate the remaining useful lives on intangible assets each reporting period to determine whether events and circumstances warrant a revision to the remaining period of amortization . effects if actual results differ if our estimates of fair value for the reporting units change due to changes in our business or other factors , we may determine that an impairment charge is necessary . estimates of fair value are determined based on a complex model using cash flows and company comparisons . if management 2019s estimates of future cash flows are inaccurate , the fair value determined could be inaccurate and impairment would not be recognized in a timely manner . intangible assets are amortized over their estimated useful lives . if changes in the estimated underlying revenue occur , impairment or a change in the remaining life may need to be recognized. .
Question:
as of december 31 , what was percent of the capital markets goodwill to the total
Important information:
text_4: the following table shows the amount of goodwill allocated to each of the reporting units in the trading and investing segment ( dollars in millions ) : .
table_2: reporting unit the capital markets of december 31 2011 is 142.4 ;
table_4: reporting unit the total goodwill of december 31 2011 is $ 1934.2 ;
Reasoning Steps:
Step: divide2-1(142.4, 1934.2) = 7.4%
Program:
divide(142.4, 1934.2)
Program (Nested):
divide(142.4, 1934.2)
| finqa348 |
as of as of december 31 , 2007 what was the percent of the total debt maturities that was due in 2009
Important information:
table_1: 2008 the 2009 of $ 689 is 542 ;
table_5: 2008 the thereafter of $ 689 is 4717 ;
table_6: 2008 the total debt of $ 689 is $ 7680 ;
Reasoning Steps:
Step: divide1-1(542, 7680) = 7.1%
Program:
divide(542, 7680)
Program (Nested):
divide(542, 7680)
| 0.07057 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 maturities 2013 the following table presents aggregate debt maturities as of december 31 , 2007 , excluding market value adjustments . millions of dollars .
Table
2008 | $ 689
2009 | 542
2010 | 462
2011 | 550
2012 | 720
thereafter | 4717
total debt | $ 7680
at december 31 , 2007 , we reclassified as long-term debt approximately $ 550 million of debt due within one year that we intend to refinance . this reclassification reflected our ability and intent to refinance any short- term borrowings and certain current maturities of long-term debt on a long-term basis . at december 31 , 2006 , we did not reclassify any short-term debt as long-term debt as we did not intend to refinance at that mortgaged properties 2013 equipment with a carrying value of approximately $ 2.8 billion at both december 31 , 2007 and 2006 serves as collateral for capital leases and other types of equipment obligations in accordance with the secured financing arrangements utilized to acquire such railroad equipment . as a result of the merger of missouri pacific railroad company ( mprr ) with and into uprr on january 1 , 1997 , and pursuant to the underlying indentures for the mprr mortgage bonds , uprr must maintain the same value of assets after the merger in order to comply with the security requirements of the mortgage bonds . as of the merger date , the value of the mprr assets that secured the mortgage bonds was approximately $ 6.0 billion . in accordance with the terms of the indentures , this collateral value must be maintained during the entire term of the mortgage bonds irrespective of the outstanding balance of such bonds . credit facilities 2013 on december 31 , 2007 , $ 1.9 billion of credit was available under our revolving credit facility ( the facility ) , which we entered into on april 20 , 2007 . the facility is designated for general corporate purposes and supports the issuance of commercial paper . we did not draw on the facility during 2007 . commitment fees and interest rates payable under the facility are similar to fees and rates available to comparably rated , investment-grade borrowers . the facility allows for borrowings at floating rates based on london interbank offered rates , plus a spread , depending upon our senior unsecured debt ratings . the facility requires the maintenance of a debt to net worth coverage ratio . at december 31 , 2007 , we were in compliance with this covenant . the facility does not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require us to post collateral . the facility , which expires in april 2012 , replaced two $ 1 billion , 5-year facilities with terms ending in march 2009 and march 2010 . the facility includes terms that are comparable with those of the prior facilities , although the minimum net worth requirement of $ 7.5 billion in prior facilities was removed , and the facility includes a change-of-control provision . in addition to our revolving credit facility , a $ 75 million uncommitted line of credit was available . the line of credit expires in april 2008 , and was not used in 2007 . we must have equivalent credit available under our five-year facility to draw on this $ 75 million line . dividend restrictions 2013 our revolving credit facility includes a debt-to-net worth covenant that , under certain circumstances , would restrict the payment of cash dividends to our shareholders . the amount of retained earnings available for dividends was $ 11.5 billion and $ 7.8 billion at december 31 , 2007 and december 31 , 2006 , respectively . this facility replaced two credit facilities that had minimum net worth covenants that were more restrictive with respect to the amount of retained earnings available for dividends at december 31 , 2006. .
Question:
as of as of december 31 , 2007 what was the percent of the total debt maturities that was due in 2009
Important information:
table_1: 2008 the 2009 of $ 689 is 542 ;
table_5: 2008 the thereafter of $ 689 is 4717 ;
table_6: 2008 the total debt of $ 689 is $ 7680 ;
Reasoning Steps:
Step: divide1-1(542, 7680) = 7.1%
Program:
divide(542, 7680)
Program (Nested):
divide(542, 7680)
| finqa349 |
what is the percent change in annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding from 2005 to 2004?
Important information:
text_6: the annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding as of december 31 , 2002 , for the next five years are as follows ( in thousands ) : .
table_1: 2003 the 2004 of $ 1150786 is $ 925005 ;
table_2: 2003 the 2005 of $ 1150786 is $ 540372 ;
Reasoning Steps:
Step: minus1-1(925005, 540372) = 384633
Step: divide1-2(#0, 540372) = 71.2%
Program:
subtract(925005, 540372), divide(#0, 540372)
Program (Nested):
divide(subtract(925005, 540372), 540372)
| 0.71179 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation notes to consolidated financial statements ( d ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on october 1 , 2003 and will then be remarketed . ( e ) on june 1 , 2002 , entergy louisiana remarketed $ 55 million st . charles parish pollution control revenue refunding bonds due 2030 , resetting the interest rate to 4.9% ( 4.9 % ) through may 2005 . ( f ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on june 1 , 2005 and will then be remarketed . ( g ) the fair value excludes lease obligations , long-term doe obligations , and other long-term debt and includes debt due within one year . it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms . the annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding as of december 31 , 2002 , for the next five years are as follows ( in thousands ) : .
Table
2003 | $ 1150786
2004 | $ 925005
2005 | $ 540372
2006 | $ 139952
2007 | $ 475288
not included are other sinking fund requirements of approximately $ 30.2 million annually , which may be satisfied by cash or by certification of property additions at the rate of 167% ( 167 % ) of such requirements . in december 2002 , when the damhead creek project was sold , the buyer of the project assumed all obligations under the damhead creek credit facilities and the damhead creek interest rate swap agreements . in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 . covenants in the entergy corporation 7.75% ( 7.75 % ) notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization . if entergy's debt ratio exceeds this limit , or if entergy or certain of the domestic utility companies default on other credit facilities or are in bankruptcy or insolvency proceedings , an acceleration of the facility's maturity may occur . in january 2003 , entergy paid in full , at maturity , the outstanding debt relating to the top of iowa wind project . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : fffd maintain system energy's equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short-term debt ) ; fffd permit the continued commercial operation of grand gulf 1 ; fffd pay in full all system energy indebtedness for borrowed money when due ; and fffd enable system energy to make payments on specific system energy debt , under supplements to the agreement assigning system energy's rights in the agreement as security for the specific debt. .
Question:
what is the percent change in annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding from 2005 to 2004?
Important information:
text_6: the annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding as of december 31 , 2002 , for the next five years are as follows ( in thousands ) : .
table_1: 2003 the 2004 of $ 1150786 is $ 925005 ;
table_2: 2003 the 2005 of $ 1150786 is $ 540372 ;
Reasoning Steps:
Step: minus1-1(925005, 540372) = 384633
Step: divide1-2(#0, 540372) = 71.2%
Program:
subtract(925005, 540372), divide(#0, 540372)
Program (Nested):
divide(subtract(925005, 540372), 540372)
| finqa350 |
what was the growth rate of maximum exposure to loss from vies from 2016 to 2017?
Important information:
text_34: our maximum exposure to loss from vies for which we are not the primary beneficiary was as follows: .
table_6: ( millions of dollars ) the total of december 31 , 2017 is $ 412 ; the total of december 31 , 2016 is $ 716 ;
text_37: our maximum exposure to loss from our involvement with these vies is limited to the credit risk inherently present in the financial support that we have provided .
Reasoning Steps:
Step: minus2-1(412, 716) = -304
Step: divide2-2(#0, 716) = -42%
Program:
subtract(412, 716), divide(#0, 716)
Program (Nested):
divide(subtract(412, 716), 716)
| -0.42458 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
64 | 2017 form 10-k notes to consolidated financial statements 1 . operations and summary of significant accounting policies a . nature of operations information in our financial statements and related commentary are presented in the following categories : machinery , energy & transportation ( me&t ) 2013 represents the aggregate total of construction industries , resource industries , energy & transportation and all other operating segments and related corporate items and eliminations . financial products 2013 primarily includes the company 2019s financial products segment . this category includes caterpillar financial services corporation ( cat financial ) , caterpillar insurance holdings inc . ( insurance services ) and their respective subsidiaries . our products are sold primarily under the brands 201ccaterpillar , 201d 201ccat , 201d design versions of 201ccat 201d and 201ccaterpillar , 201d 201cemd , 201d 201cfg wilson , 201d 201cmak , 201d 201cmwm , 201d 201cperkins , 201d 201cprogress rail , 201d 201csem 201d and 201csolar turbines 201d . we conduct operations in our machinery , energy & transportation lines of business under highly competitive conditions , including intense price competition . we place great emphasis on the high quality and performance of our products and our dealers 2019 service support . although no one competitor is believed to produce all of the same types of equipment that we do , there are numerous companies , large and small , which compete with us in the sale of each of our products . our machines are distributed principally through a worldwide organization of dealers ( dealer network ) , 48 located in the united states and 123 located outside the united states , serving 192 countries . reciprocating engines are sold principally through the dealer network and to other manufacturers for use in products . some of the reciprocating engines manufactured by our subsidiary perkins engines company limited , are also sold through its worldwide network of 93 distributors covering 182 countries . the fg wilson branded electric power generation systems primarily manufactured by our subsidiary caterpillar northern ireland limited are sold through its worldwide network of 154 distributors covering 131 countries . some of the large , medium speed reciprocating engines are also sold a0 under the mak brand through a worldwide network of 20 distributors covering 130 countries . our dealers do not deal exclusively with our products ; however , in most cases sales and servicing of our products are the dealers 2019 principal business . some products , primarily turbines and locomotives , are sold directly to end customers through sales forces employed by the company . at times , these employees are assisted by independent sales representatives . the financial products line of business also conducts operations under highly competitive conditions . financing for users of caterpillar products is available through a variety of competitive sources , principally commercial banks and finance and leasing companies . we offer various financing plans designed to increase the opportunity for sales of our products and generate financing income for our company . a significant portion of financial products activity is conducted in north america , with additional offices in latin america , asia/pacific , europe , africa and middle east . b . basis of presentation the consolidated financial statements include the accounts of caterpillar a0 inc . and its subsidiaries where we have a controlling financial interest . investments in companies where our ownership exceeds 20 percent and we do not have a controlling interest or where the ownership is less than 20 percent and for which we have a significant influence are accounted for by the equity method . see note 9 for further discussion . we consolidate all variable interest entities ( vies ) where caterpillar inc . is the primary beneficiary . for vies , we assess whether we are the primary beneficiary as prescribed by the accounting guidance on the consolidation of vies . the primary beneficiary of a vie is the party that has both the power to direct the activities that most significantly impact the entity 2019s economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the vie . see note 21 for further discussion on a consolidated vie . we have affiliates , suppliers and dealers that are vies of which we are not the primary beneficiary . although we have provided financial support , we do not have the power to direct the activities that most significantly impact the economic performance of each entity . our maximum exposure to loss from vies for which we are not the primary beneficiary was as follows: .
Table
( millions of dollars ) | december 31 , 2017 | december 31 , 2016
receivables - trade and other | $ 34 | $ 55
receivables - finance | 42 | 174
long-term receivables - finance | 38 | 246
investments in unconsolidated affiliated companies | 39 | 31
guarantees | 259 | 210
total | $ 412 | $ 716
in addition , cat financial has end-user customers that are vies of which we are not the primary beneficiary . although we have provided financial support to these entities and therefore have a variable interest , we do not have the power to direct the activities that most significantly impact their economic performance . our maximum exposure to loss from our involvement with these vies is limited to the credit risk inherently present in the financial support that we have provided . these risks are evaluated and reflected in our financial statements as part of our overall portfolio of finance receivables and related allowance for credit losses. .
Question:
what was the growth rate of maximum exposure to loss from vies from 2016 to 2017?
Important information:
text_34: our maximum exposure to loss from vies for which we are not the primary beneficiary was as follows: .
table_6: ( millions of dollars ) the total of december 31 , 2017 is $ 412 ; the total of december 31 , 2016 is $ 716 ;
text_37: our maximum exposure to loss from our involvement with these vies is limited to the credit risk inherently present in the financial support that we have provided .
Reasoning Steps:
Step: minus2-1(412, 716) = -304
Step: divide2-2(#0, 716) = -42%
Program:
subtract(412, 716), divide(#0, 716)
Program (Nested):
divide(subtract(412, 716), 716)
| finqa351 |
what percent of the receivable balances in puerto rico as of december 31 , 2017 was current?
Important information:
text_4: as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 .
text_7: the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue .
text_9: considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required .
Reasoning Steps:
Step: minus1-1(86, 53) = 33
Step: divide1-2(#0, 86) = 38%
Program:
subtract(86, 53), divide(#0, 86)
Program (Nested):
divide(subtract(86, 53), 86)
| 0.38372 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 was dispatched starting in february 2018 . aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico . therefore , we expect aes puerto rico to continue to be a critical supplier to prepa . starting prior to the hurricanes , prepa has been facing economic challenges that could impact the company , and on july 2 , 2017 , filed for bankruptcy under title iii . as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 . in november 2017 , aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events . this agreement will expire on march 22 , 2018 . the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue . after the filing of title iii protection , and up until the disruption caused by the hurricanes , aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns . considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required . foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates . fluctuations in currency exchange rate between u.s . dollar and the following currencies could create significant fluctuations in earnings and cash flows : the argentine peso , the brazilian real , the dominican republic peso , the euro , the chilean peso , the colombian peso , and the philippine peso . concentrations 2014 due to the geographical diversity of its operations , the company does not have any significant concentration of customers or sources of fuel supply . several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of , and in some cases all of , the relevant businesses' output over the term of the ppas . however , no single customer accounted for 10% ( 10 % ) or more of total revenue in 2017 , 2016 or 2015 . the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements . if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated , the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms . 26 . related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions . in the ordinary course of business , these businesses enter into energy purchase and sale transactions , and transmission agreements with other state-owned institutions which are controlled by such governments . at two of our generation businesses in mexico , the offtakers exercise significant influence , but not control , through representation on these businesses' boards of directors . these offtakers are also required to hold a nominal ownership interest in such businesses . in chile , we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting . additionally , the company provides certain support and management services to several of its affiliates under various agreements . the company's consolidated statements of operations included the following transactions with related parties for the periods indicated ( in millions ) : .
Table
years ended december 31, | 2017 | 2016 | 2015
revenue 2014non-regulated | $ 1297 | $ 1100 | $ 1099
cost of sales 2014non-regulated | 220 | 210 | 330
interest income | 8 | 4 | 25
interest expense | 36 | 39 | 33
.
Question:
what percent of the receivable balances in puerto rico as of december 31 , 2017 was current?
Important information:
text_4: as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 .
text_7: the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue .
text_9: considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required .
Reasoning Steps:
Step: minus1-1(86, 53) = 33
Step: divide1-2(#0, 86) = 38%
Program:
subtract(86, 53), divide(#0, 86)
Program (Nested):
divide(subtract(86, 53), 86)
| finqa352 |
what portion of total backlog is related to newport news segment?
Important information:
table_1: ( $ in millions ) the ingalls of december 31 2014 funded is $ 5609 ; the ingalls of december 31 2014 unfunded is $ 1889 ; the ingalls of december 31 2014 total backlog is $ 7498 ; the ingalls of december 31 2014 funded is $ 6335 ; the ingalls of december 31 2014 unfunded is $ 2570 ; the ingalls of total backlog is $ 8905 ;
table_2: ( $ in millions ) the newport news of december 31 2014 funded is 6158 ; the newport news of december 31 2014 unfunded is 7709 ; the newport news of december 31 2014 total backlog is 13867 ; the newport news of december 31 2014 funded is 5495 ; the newport news of december 31 2014 unfunded is 3638 ; the newport news of total backlog is 9133 ;
table_4: ( $ in millions ) the total backlog of december 31 2014 funded is $ 11832 ; the total backlog of december 31 2014 unfunded is $ 9598 ; the total backlog of december 31 2014 total backlog is $ 21430 ; the total backlog of december 31 2014 funded is $ 11830 ; the total backlog of december 31 2014 unfunded is $ 6208 ; the total backlog of total backlog is $ 18038 ;
Reasoning Steps:
Step: divide2-1(9133, 18038) = 50.6%
Program:
divide(9133, 18038)
Program (Nested):
divide(9133, 18038)
| 0.50632 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
uss abraham lincoln rcoh , the construction preparation contract for cvn-79 john f . kennedy and the inactivation contract for cvn-65 uss enterprise , partially offset by lower volumes on the execution contract for the cvn-71 uss theodore roosevelt rcoh and the construction and engineering contracts for cvn-78 gerald r . ford . higher revenues in fleet support services were primarily the result of volumes associated with repair work on ssn-765 uss montpelier . increased submarines revenues were related to the ssn-774 virginia-class submarine program , primarily driven by higher volumes on block iii boats and the advance procurement contract on block iv boats , partially offset by lower volumes on block ii boats following the delivery of ssn-783 uss minnesota . segment operating income 2014 - newport news operating income in 2014 was $ 415 million , compared to income of $ 402 million in 2013 . the increase was primarily related to the volume changes discussed above and higher risk retirement on the construction contract for cvn-78 gerald r . ford , offset by lower risk retirement on the cvn-71 uss theodore roosevelt rcoh . 2013 - newport news operating income in 2013 was $ 402 million , compared to income of $ 372 million in 2012 . the increase was primarily related to the ssn-774 virginia-class submarine program , driven by risk retirement , performance improvement and the favorable resolution of outstanding contract changes , as well as risk retirement on the execution contract for the cvn-71 uss theodore roosevelt rcoh and the absence in 2013 of the workers' compensation expense adjustment recorded in 2012 , partially offset by the favorable resolution in 2012 of outstanding contract changes on the cvn-65 uss enterprise edsra . revenues at our other segment for the year ended december 31 , 2014 , were $ 137 million , primarily due to the acquisition of upi on may 30 , 2014 . other operating loss for the year ended december 31 , 2014 , was $ 59 million , primarily due to the goodwill impairment charge of $ 47 million described above . backlog total backlog as of december 31 , 2014 , was approximately $ 21 billion . total backlog includes both funded backlog ( firm orders for which funding is contractually obligated by the customer ) and unfunded backlog ( firm orders for which funding is not currently contractually obligated by the customer ) . backlog excludes unexercised contract options and unfunded indefinite delivery/indefinite quantity orders . for contracts having no stated contract values , backlog includes only the amounts committed by the customer . the following table presents funded and unfunded backlog by segment as of december 31 , 2014 and 2013: .
Table
( $ in millions ) | december 31 2014 funded | december 31 2014 unfunded | december 31 2014 total backlog | december 31 2014 funded | december 31 2014 unfunded | total backlog
ingalls | $ 5609 | $ 1889 | $ 7498 | $ 6335 | $ 2570 | $ 8905
newport news | 6158 | 7709 | 13867 | 5495 | 3638 | 9133
other | 65 | 2014 | 65 | 2014 | 2014 | 2014
total backlog | $ 11832 | $ 9598 | $ 21430 | $ 11830 | $ 6208 | $ 18038
we expect approximately 28% ( 28 % ) of the $ 21 billion total backlog as of december 31 , 2014 , to be converted into sales in 2015 . u.s . government orders comprised substantially all of the backlog as of december 31 , 2014 and 2013 . awards 2014 - the value of new contract awards during the year ended december 31 , 2014 , was approximately $ 10.1 billion . significant new awards in 2014 included contracts for block iv of the ssn-774 virginia-class submarine program , continued construction preparation for cvn-79 john f . kennedy and construction of nsc-7 kimball . 2013 - the value of new contract awards during the year ended december 31 , 2013 , was approximately $ 9.4 billion . significant new awards in 2013 included contracts for the construction of five ddg-51 arleigh burke-class this proof is printed at 96% ( 96 % ) of original size this line represents final trim and will not print .
Question:
what portion of total backlog is related to newport news segment?
Important information:
table_1: ( $ in millions ) the ingalls of december 31 2014 funded is $ 5609 ; the ingalls of december 31 2014 unfunded is $ 1889 ; the ingalls of december 31 2014 total backlog is $ 7498 ; the ingalls of december 31 2014 funded is $ 6335 ; the ingalls of december 31 2014 unfunded is $ 2570 ; the ingalls of total backlog is $ 8905 ;
table_2: ( $ in millions ) the newport news of december 31 2014 funded is 6158 ; the newport news of december 31 2014 unfunded is 7709 ; the newport news of december 31 2014 total backlog is 13867 ; the newport news of december 31 2014 funded is 5495 ; the newport news of december 31 2014 unfunded is 3638 ; the newport news of total backlog is 9133 ;
table_4: ( $ in millions ) the total backlog of december 31 2014 funded is $ 11832 ; the total backlog of december 31 2014 unfunded is $ 9598 ; the total backlog of december 31 2014 total backlog is $ 21430 ; the total backlog of december 31 2014 funded is $ 11830 ; the total backlog of december 31 2014 unfunded is $ 6208 ; the total backlog of total backlog is $ 18038 ;
Reasoning Steps:
Step: divide2-1(9133, 18038) = 50.6%
Program:
divide(9133, 18038)
Program (Nested):
divide(9133, 18038)
| finqa353 |
what was the value of the treasury stock as of december 312007
Important information:
text_0: as of february 15 , 2008 , there were 138311810 shares of our common stock outstanding held by approximately 2979 stockholders of record .
text_2: on february 13 , 2008 , our board of directors declared the first quarterly installment of our 2008 dividend in the amount of $ 0.5125 per share , payable on march 28 , 2008 to stockholders of record on march 6 , 2008 .
table_3: the december 1 through december 31 of number of shares repurchased ( 1 ) is 14669 ; the december 1 through december 31 of average price per share is $ 43.89 ;
Reasoning Steps:
Step: multiply1-1(14669, 43.89) = 643822
Program:
multiply(14669, 43.89)
Program (Nested):
multiply(14669, 43.89)
| 643822.41 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 february 15 , 2008 , there were 138311810 shares of our common stock outstanding held by approximately 2979 stockholders of record . dividends and distributions we pay regular quarterly dividends to holders of our common stock . on february 13 , 2008 , our board of directors declared the first quarterly installment of our 2008 dividend in the amount of $ 0.5125 per share , payable on march 28 , 2008 to stockholders of record on march 6 , 2008 . we expect to distribute 100% ( 100 % ) or more of our taxable net income to our stockholders for 2008 . our board of directors normally makes decisions regarding the frequency and amount of our dividends on a quarterly basis . because the board considers a number of factors when making these decisions , we cannot assure you that we will maintain the policy stated above . please see 201ccautionary statements 201d and the risk factors included in part i , item 1a of this annual report on form 10-k for a description of other factors that may affect our distribution policy . our stockholders may reinvest all or a portion of any cash distribution on their shares of our common stock by participating in our distribution reinvestment and stock purchase plan , subject to the terms of the plan . see 201cnote 16 2014capital stock 201d of the notes to consolidated financial statements included in part ii , item 8 of this annual report on form 10-k . director and employee stock sales certain of our directors , executive officers and other employees have adopted and may , from time to time in the future , adopt non-discretionary , written trading plans that comply with rule 10b5-1 under the exchange act , or otherwise monetize their equity-based compensation . stock repurchases the table below summarizes repurchases of our common stock made during the quarter ended december 31 , 2007 : number of shares repurchased ( 1 ) average price per .
Table
| number of shares repurchased ( 1 ) | average price per share
october 1 through october 31 | 2014 | 2014
november 1 through november 30 | 2014 | 2014
december 1 through december 31 | 14669 | $ 43.89
( 1 ) repurchases represent shares withheld to pay taxes on the vesting of restricted stock granted to employees. .
Question:
what was the value of the treasury stock as of december 312007
Important information:
text_0: as of february 15 , 2008 , there were 138311810 shares of our common stock outstanding held by approximately 2979 stockholders of record .
text_2: on february 13 , 2008 , our board of directors declared the first quarterly installment of our 2008 dividend in the amount of $ 0.5125 per share , payable on march 28 , 2008 to stockholders of record on march 6 , 2008 .
table_3: the december 1 through december 31 of number of shares repurchased ( 1 ) is 14669 ; the december 1 through december 31 of average price per share is $ 43.89 ;
Reasoning Steps:
Step: multiply1-1(14669, 43.89) = 643822
Program:
multiply(14669, 43.89)
Program (Nested):
multiply(14669, 43.89)
| finqa354 |
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