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what was the sum of the value of the notes entergy issued to nypa with seven and eight annual installments payments\\n
Important information:
table_3: the 2018 of amount ( in thousands ) is $ 822690 ;
table_4: the 2019 of amount ( in thousands ) is $ 768588 ;
text_10: 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 .
Reasoning Steps:
Step: add2-1(const_7, 108) = 756
Step: add2-2(20, const_8) = 160
Step: add2-3(#0, #1) = 916
Program:
add(const_7, 108), add(20, const_8), add(#0, #1)
Program (Nested):
add(add(const_7, 108), add(20, const_8))
| 143.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt . ( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations . ( e ) the fair value excludes lease obligations of $ 109 million at entergy louisiana and $ 34 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 35 million at entergy , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .
Table
| amount ( in thousands )
2016 | $ 204079
2017 | $ 766451
2018 | $ 822690
2019 | $ 768588
2020 | $ 1631181
in november 2000 , entergy 2019s 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 in 2001 resulted in entergy 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 . as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date . with the planned shutdown of fitzpatrick at the end of its current fuel cycle , entergy reduced this liability by $ 26.4 million in 2015 pursuant to the terms of the purchase agreement . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 . entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to: .
Question:
what was the sum of the value of the notes entergy issued to nypa with seven and eight annual installments payments\\n
Important information:
table_3: the 2018 of amount ( in thousands ) is $ 822690 ;
table_4: the 2019 of amount ( in thousands ) is $ 768588 ;
text_10: 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 .
Reasoning Steps:
Step: add2-1(const_7, 108) = 756
Step: add2-2(20, const_8) = 160
Step: add2-3(#0, #1) = 916
Program:
add(const_7, 108), add(20, const_8), add(#0, #1)
Program (Nested):
add(add(const_7, 108), add(20, const_8))
| finqa455 |
what was the total five year change in the s&p 500 index?
Important information:
text_1: the graph assumes that $ 100 was invested on december 31 , 2007 in our common shares , the s&p 500 index and the nareit all equity index and that all dividends were reinvested without the payment of any commissions .
table_2: the s&p 500 index of 2007 is 100 ; the s&p 500 index of 2008 is 63 ; the s&p 500 index of 2009 is 80 ; the s&p 500 index of 2010 is 92 ; the s&p 500 index of 2011 is 94 ; the s&p 500 index of 2012 is 109 ;
table_3: the the nareit all equity index of 2007 is 100 ; the the nareit all equity index of 2008 is 62 ; the the nareit all equity index of 2009 is 80 ; the the nareit all equity index of 2010 is 102 ; the the nareit all equity index of 2011 is 110 ; the the nareit all equity index of 2012 is 132 ;
Reasoning Steps:
Step: minus2-1(109, 100) = 9
Program:
subtract(109, 100)
Program (Nested):
subtract(109, 100)
| 9.0 | 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:
performance graph the following graph is a comparison of the five-year cumulative return of our common shares , the standard & poor 2019s 500 index ( the 201cs&p 500 index 201d ) and the national association of real estate investment trusts 2019 ( 201cnareit 201d ) all equity index , a peer group index . the graph assumes that $ 100 was invested on december 31 , 2007 in our common shares , the s&p 500 index and the nareit all equity index and that all dividends were reinvested without the payment of any commissions . there can be no assurance that the performance of our shares will continue in line with the same or similar trends depicted in the graph below. .
Table
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012
vornado realty trust | $ 100 | $ 72 | $ 89 | $ 110 | $ 105 | $ 114
s&p 500 index | 100 | 63 | 80 | 92 | 94 | 109
the nareit all equity index | 100 | 62 | 80 | 102 | 110 | 132
.
Question:
what was the total five year change in the s&p 500 index?
Important information:
text_1: the graph assumes that $ 100 was invested on december 31 , 2007 in our common shares , the s&p 500 index and the nareit all equity index and that all dividends were reinvested without the payment of any commissions .
table_2: the s&p 500 index of 2007 is 100 ; the s&p 500 index of 2008 is 63 ; the s&p 500 index of 2009 is 80 ; the s&p 500 index of 2010 is 92 ; the s&p 500 index of 2011 is 94 ; the s&p 500 index of 2012 is 109 ;
table_3: the the nareit all equity index of 2007 is 100 ; the the nareit all equity index of 2008 is 62 ; the the nareit all equity index of 2009 is 80 ; the the nareit all equity index of 2010 is 102 ; the the nareit all equity index of 2011 is 110 ; the the nareit all equity index of 2012 is 132 ;
Reasoning Steps:
Step: minus2-1(109, 100) = 9
Program:
subtract(109, 100)
Program (Nested):
subtract(109, 100)
| finqa456 |
based on the given average price per share , how much money did the repurchases cost in 2007?
Important information:
text_10: 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_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 ;
text_11: ( 1 ) repurchases represent shares withheld to pay taxes on the vesting of restricted stock granted to employees. .
Reasoning Steps:
Step: multiply2-1(14669, 43.89) = 643822.41
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:
based on the given average price per share , how much money did the repurchases cost in 2007?
Important information:
text_10: 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_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 ;
text_11: ( 1 ) repurchases represent shares withheld to pay taxes on the vesting of restricted stock granted to employees. .
Reasoning Steps:
Step: multiply2-1(14669, 43.89) = 643822.41
Program:
multiply(14669, 43.89)
Program (Nested):
multiply(14669, 43.89)
| finqa457 |
what was the difference in percentage total cumulative return on investment for united parcel service inc . compared to the s&p 500 index for the five years ended 12/31/06?
Important information:
text_3: 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_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_2: the s&p 500 index of 12/31/01 is $ 100.00 ; the s&p 500 index of 12/31/02 is $ 77.90 ; the s&p 500 index of 12/31/03 is $ 100.24 ; the s&p 500 index of 12/31/04 is $ 111.15 ; the s&p 500 index of 12/31/05 is $ 116.61 ; the s&p 500 index of 12/31/06 is $ 135.02 ;
Reasoning Steps:
Step: minus2-1(148.92, const_100) = 48.92
Step: divide2-2(#0, const_100) = 48.92%
Step: minus2-3(135.02, const_100) = 35.02
Step: divide2-4(#2, const_100) = 35.02%
Step: minus2-5(#1, #3) = 13.9%
Program:
subtract(148.92, const_100), divide(#0, const_100), subtract(135.02, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(148.92, const_100), const_100), divide(subtract(135.02, const_100), const_100))
| 0.139 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
what was the difference in percentage total cumulative return on investment for united parcel service inc . compared to the s&p 500 index for the five years ended 12/31/06?
Important information:
text_3: 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_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_2: the s&p 500 index of 12/31/01 is $ 100.00 ; the s&p 500 index of 12/31/02 is $ 77.90 ; the s&p 500 index of 12/31/03 is $ 100.24 ; the s&p 500 index of 12/31/04 is $ 111.15 ; the s&p 500 index of 12/31/05 is $ 116.61 ; the s&p 500 index of 12/31/06 is $ 135.02 ;
Reasoning Steps:
Step: minus2-1(148.92, const_100) = 48.92
Step: divide2-2(#0, const_100) = 48.92%
Step: minus2-3(135.02, const_100) = 35.02
Step: divide2-4(#2, const_100) = 35.02%
Step: minus2-5(#1, #3) = 13.9%
Program:
subtract(148.92, const_100), divide(#0, const_100), subtract(135.02, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(148.92, const_100), const_100), divide(subtract(135.02, const_100), const_100))
| finqa458 |
what portion of the equity compensation plan approved by security holders remains available for future issuance?
Important information:
text_1: equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 448859 $ 0.00 4087587 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .
table_1: plan category the equity compensation plans approved by security holders of number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) is 448859 ; the equity compensation plans approved by security holders of weighted-average exercise price of outstanding optionswarrants and rights is $ 0.00 ; the equity compensation plans approved by security holders of number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c ) is 4087587 ;
table_3: plan category the total of number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) is 448859 ; the total of weighted-average exercise price of outstanding optionswarrants and rights is $ 0.00 ; the total of number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c ) is 4087587 ;
Reasoning Steps:
Step: add2-1(448859, 4087587) = 4536446
Step: divide2-2(4087587, #0) = 90.1%
Program:
add(448859, 4087587), divide(4087587, #0)
Program (Nested):
divide(4087587, add(448859, 4087587))
| 0.90105 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2017 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 448859 $ 0.00 4087587 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .
Table
plan category | number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) | weighted-average exercise price of outstanding optionswarrants and rights | number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 448859 | $ 0.00 | 4087587
equity compensation plans not approved by security holders ( 2 ) | 2014 | 2014 | 2014
total | 448859 | $ 0.00 | 4087587
( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 27123 were stock rights granted under the 2011 plan . in addition , this number includes 28763 stock rights , 3075 restricted stock rights , and 389898 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .
Question:
what portion of the equity compensation plan approved by security holders remains available for future issuance?
Important information:
text_1: equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 448859 $ 0.00 4087587 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .
table_1: plan category the equity compensation plans approved by security holders of number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) is 448859 ; the equity compensation plans approved by security holders of weighted-average exercise price of outstanding optionswarrants and rights is $ 0.00 ; the equity compensation plans approved by security holders of number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c ) is 4087587 ;
table_3: plan category the total of number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) is 448859 ; the total of weighted-average exercise price of outstanding optionswarrants and rights is $ 0.00 ; the total of number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c ) is 4087587 ;
Reasoning Steps:
Step: add2-1(448859, 4087587) = 4536446
Step: divide2-2(4087587, #0) = 90.1%
Program:
add(448859, 4087587), divide(4087587, #0)
Program (Nested):
divide(4087587, add(448859, 4087587))
| finqa459 |
what percent of the total common stock plans are related to the vertex 401 ( k ) 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: divide2-1(125, 22203) = 0.6%
Program:
divide(125, 22203)
Program (Nested):
divide(125, 22203)
| 0.00563 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 401 ( k ) 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: divide2-1(125, 22203) = 0.6%
Program:
divide(125, 22203)
Program (Nested):
divide(125, 22203)
| finqa460 |
what percentage of total net revenue investing & lending segment is due to equity securities in 2015?
Important information:
text_12: the table below presents the operating results of our investing & lending segment. .
table_1: $ in millions the equity securities of year ended december 2016 is $ 2573 ; the equity securities of year ended december 2015 is $ 3781 ; the equity securities of year ended december 2014 is $ 4579 ;
table_3: $ in millions the total net revenues of year ended december 2016 is 4080 ; the total net revenues of year ended december 2015 is 5436 ; the total net revenues of year ended december 2014 is 6825 ;
Reasoning Steps:
Step: divide2-1(3781, 5436) = 70%
Program:
divide(3781, 5436)
Program (Nested):
divide(3781, 5436)
| 0.69555 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues in equities were $ 7.83 billion for 2015 , 16% ( 16 % ) higher than 2014 . excluding a gain of $ 121 million ( $ 30 million and $ 91 million included in equities client execution and securities services , respectively ) in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in equities were 18% ( 18 % ) higher than 2014 , primarily due to significantly higher net revenues in equities client execution across the major regions , reflecting significantly higher results in both derivatives and cash products , and higher net revenues in securities services , reflecting the impact of higher average customer balances and improved securities lending spreads . commissions and fees were essentially unchanged compared with 2014 . we elect the fair value option for certain unsecured borrowings . the fair value net gain attributable to the impact of changes in our credit spreads on these borrowings was $ 255 million ( $ 214 million and $ 41 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2015 , compared with a net gain of $ 144 million ( $ 108 million and $ 36 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2014 . operating expenses were $ 13.94 billion for 2015 , 28% ( 28 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , partially offset by decreased compensation and benefits expenses . pre-tax earnings were $ 1.21 billion in 2015 , 72% ( 72 % ) lower than 2014 . investing & lending investing & lending includes our investing activities and the origination of loans , including our relationship lending activities , to provide financing to clients . these investments and loans are typically longer-term in nature . we make investments , some of which are consolidated , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , infrastructure and real estate entities . we also make unsecured loans to individuals through our online platform . the table below presents the operating results of our investing & lending segment. .
Table
$ in millions | year ended december 2016 | year ended december 2015 | year ended december 2014
equity securities | $ 2573 | $ 3781 | $ 4579
debt securities and loans | 1507 | 1655 | 2246
total net revenues | 4080 | 5436 | 6825
operating expenses | 2386 | 2402 | 2819
pre-tax earnings | $ 1694 | $ 3034 | $ 4006
operating environment . following difficult market conditions and the impact of a challenging macroeconomic environment on corporate performance , particularly in the energy sector , in the first quarter of 2016 , market conditions improved during the rest of the year as macroeconomic concerns moderated . global equity markets increased during 2016 , contributing to net gains from investments in public equities , and corporate performance rebounded from the difficult start to the year . if macroeconomic concerns negatively affect corporate performance or company-specific events , or if global equity markets decline , net revenues in investing & lending would likely be negatively impacted . although net revenues in investing & lending for 2015 benefited from favorable company-specific events , including sales , initial public offerings and financings , a decline in global equity prices and widening high-yield credit spreads during the second half of 2015 impacted results . 2016 versus 2015 . net revenues in investing & lending were $ 4.08 billion for 2016 , 25% ( 25 % ) lower than 2015 . this decrease was primarily due to significantly lower net revenues from investments in equities , primarily reflecting a significant decrease in net gains from private equities , driven by company-specific events and corporate performance . in addition , net revenues in debt securities and loans were lower compared with 2015 , reflecting significantly lower net revenues related to relationship lending activities , due to the impact of changes in credit spreads on economic hedges . losses related to these hedges were $ 596 million in 2016 , compared with gains of $ 329 million in 2015 . this decrease was partially offset by higher net gains from investments in debt instruments and higher net interest income . see note 9 to the consolidated financial statements for further information about economic hedges related to our relationship lending activities . operating expenses were $ 2.39 billion for 2016 , essentially unchanged compared with 2015 . pre-tax earnings were $ 1.69 billion in 2016 , 44% ( 44 % ) lower than 2015 . 2015 versus 2014 . net revenues in investing & lending were $ 5.44 billion for 2015 , 20% ( 20 % ) lower than 2014 . this decrease was primarily due to lower net revenues from investments in equities , principally reflecting the sale of metro in the fourth quarter of 2014 and lower net gains from investments in private equities , driven by corporate performance . in addition , net revenues in debt securities and loans were significantly lower , reflecting lower net gains from investments . goldman sachs 2016 form 10-k 63 .
Question:
what percentage of total net revenue investing & lending segment is due to equity securities in 2015?
Important information:
text_12: the table below presents the operating results of our investing & lending segment. .
table_1: $ in millions the equity securities of year ended december 2016 is $ 2573 ; the equity securities of year ended december 2015 is $ 3781 ; the equity securities of year ended december 2014 is $ 4579 ;
table_3: $ in millions the total net revenues of year ended december 2016 is 4080 ; the total net revenues of year ended december 2015 is 5436 ; the total net revenues of year ended december 2014 is 6825 ;
Reasoning Steps:
Step: divide2-1(3781, 5436) = 70%
Program:
divide(3781, 5436)
Program (Nested):
divide(3781, 5436)
| finqa461 |
for the three months ended december 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: add2-1(145, 23) = 168
Step: add2-2(#0, 78) = 246
Step: add2-3(#1, 150) = 396
Program:
add(145, 23), add(#0, 78), add(#1, 150)
Program (Nested):
add(add(add(145, 23), 78), 150)
| 396.0 | 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 december 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: add2-1(145, 23) = 168
Step: add2-2(#0, 78) = 246
Step: add2-3(#1, 150) = 396
Program:
add(145, 23), add(#0, 78), add(#1, 150)
Program (Nested):
add(add(add(145, 23), 78), 150)
| finqa462 |
what percentage of net goodwill at december 31 2011 is comprised of
Important information:
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: divide2-1(181, 1891) = 10%
Program:
divide(181, 1891)
Program (Nested):
divide(181, 1891)
| 0.09572 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
what percentage of net goodwill at december 31 2011 is comprised of
Important information:
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: divide2-1(181, 1891) = 10%
Program:
divide(181, 1891)
Program (Nested):
divide(181, 1891)
| finqa463 |
in 2011 what was the percent of risk solutions revenues to the total revenues of aons
Important information:
table_1: years ended december 31 the risk solutions of 2011 is $ 6817 ; the risk solutions of 2010 is $ 6423 ; the risk solutions of 2009 is $ 6305 ;
table_4: years ended december 31 the total operating segments of 2011 is 11287 ; the total operating segments of 2010 is 8512 ; the total operating segments of 2009 is 7546 ;
table_6: years ended december 31 the total revenue of 2011 is $ 11287 ; the total revenue of 2010 is $ 8512 ; the total revenue of 2009 is $ 7595 ;
Reasoning Steps:
Step: divide2-1(6817, 11287) = 60.3%
Program:
divide(6817, 11287)
Program (Nested):
divide(6817, 11287)
| 0.60397 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
aon has certain contractual contingent guarantees for premium payments owed by clients to certain insurance companies . the maximum exposure with respect to such contractual contingent guarantees was approximately $ 48 million at december 31 , 2011 . aon has provided commitments to fund certain limited partnerships in which it has an interest in the event that the general partners request funding . some of these commitments have specific expiration dates and the maximum potential funding under these commitments was $ 64 million at december 31 , 2011 . during 2011 , the company funded $ 15 million of these commitments . aon expects that as prudent business interests dictate , additional guarantees and indemnifications may be issued from time to time . 17 . related party transactions during 2011 , the company , in the ordinary course of business , provided retail brokerage , consulting and financial advisory services to , and received wholesale brokerage services from , an entity that is controlled by one of the company 2019s stockholders . these transactions were negotiated at an arms-length basis and contain customary terms and conditions . during 2011 , commissions and fee revenue from these transactions was approximately $ 9 million . 18 . segment information the company has two reportable operating segments : risk solutions and hr solutions . unallocated income and expenses , when combined with the operating segments and after the elimination of intersegment revenues and expenses , total to the amounts in the consolidated financial statements . reportable operating segments have been determined using a management approach , which is consistent with the basis and manner in which aon 2019s chief operating decision maker ( 2018 2018codm 2019 2019 ) uses financial information for the purposes of allocating resources and assessing performance . the codm assesses performance based on operating segment operating income and generally accounts for intersegment revenue as if the revenue were from third parties and at what management believes are current market prices . the company does not present net assets by segment as this information is not reviewed by the codm . risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through aon 2019s global distribution network . hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . aon 2019s total revenue is as follows ( in millions ) : .
Table
years ended december 31 | 2011 | 2010 | 2009
risk solutions | $ 6817 | $ 6423 | $ 6305
hr solutions | 4501 | 2111 | 1267
intersegment elimination | -31 ( 31 ) | -22 ( 22 ) | -26 ( 26 )
total operating segments | 11287 | 8512 | 7546
unallocated | 2014 | 2014 | 49
total revenue | $ 11287 | $ 8512 | $ 7595
.
Question:
in 2011 what was the percent of risk solutions revenues to the total revenues of aons
Important information:
table_1: years ended december 31 the risk solutions of 2011 is $ 6817 ; the risk solutions of 2010 is $ 6423 ; the risk solutions of 2009 is $ 6305 ;
table_4: years ended december 31 the total operating segments of 2011 is 11287 ; the total operating segments of 2010 is 8512 ; the total operating segments of 2009 is 7546 ;
table_6: years ended december 31 the total revenue of 2011 is $ 11287 ; the total revenue of 2010 is $ 8512 ; the total revenue of 2009 is $ 7595 ;
Reasoning Steps:
Step: divide2-1(6817, 11287) = 60.3%
Program:
divide(6817, 11287)
Program (Nested):
divide(6817, 11287)
| finqa464 |
what is the anticipated amount of revenues from the of the $ 21 billion total backlog as of december 31 , 2014 , to be converted into sales in 2015 in billions
Important information:
text_12: backlog total backlog as of december 31 , 2014 , was approximately $ 21 billion .
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 ;
text_17: we expect approximately 28% ( 28 % ) of the $ 21 billion total backlog as of december 31 , 2014 , to be converted into sales in 2015 .
Reasoning Steps:
Step: multiply2-1(21, 28%) = 5.88
Program:
multiply(21, 28%)
Program (Nested):
multiply(21, 28%)
| 5.88 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 is the anticipated amount of revenues from the of the $ 21 billion total backlog as of december 31 , 2014 , to be converted into sales in 2015 in billions
Important information:
text_12: backlog total backlog as of december 31 , 2014 , was approximately $ 21 billion .
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 ;
text_17: we expect approximately 28% ( 28 % ) of the $ 21 billion total backlog as of december 31 , 2014 , to be converted into sales in 2015 .
Reasoning Steps:
Step: multiply2-1(21, 28%) = 5.88
Program:
multiply(21, 28%)
Program (Nested):
multiply(21, 28%)
| finqa465 |
what was the percent of the decline in net income ( loss ) attributable to common shareholders from 2007 to 2008
Important information:
table_1: the net income ( loss ) attributable to common shareholders of 2009 is $ -333601 ( 333601 ) ; the net income ( loss ) attributable to common shareholders of 2008 is $ 50408 ; the net income ( loss ) attributable to common shareholders of 2007 is $ 211942 ;
table_3: the basic net income ( loss ) attributable to common shareholders of 2009 is -335360 ( 335360 ) ; the basic net income ( loss ) attributable to common shareholders of 2008 is 48777 ; the basic net income ( loss ) attributable to common shareholders of 2007 is 210793 ;
table_5: the diluted net income ( loss ) attributable to common shareholders of 2009 is $ -335360 ( 335360 ) ; the diluted net income ( loss ) attributable to common shareholders of 2008 is $ 51417 ; the diluted net income ( loss ) attributable to common shareholders of 2007 is $ 224791 ;
Reasoning Steps:
Step: minus1-1(50408, 211942) = -161534
Step: divide1-2(#0, 211942) = -76.2%
Program:
subtract(50408, 211942), divide(#0, 211942)
Program (Nested):
divide(subtract(50408, 211942), 211942)
| -0.76216 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
54| | duke realty corporation annual report 2009 net income ( loss ) per common share basic net income ( loss ) per common share is computed by dividing net income ( loss ) attributable to common shareholders , less dividends on share-based awards expected to vest , by the weighted average number of common shares outstanding for the period . diluted net income ( loss ) per common share is computed by dividing the sum of basic net income ( loss ) attributable to common shareholders and the noncontrolling interest in earnings allocable to units not owned by us ( to the extent the units are dilutive ) , by the sum of the weighted average number of common shares outstanding and , to the extent they are dilutive , limited partnership units outstanding , as well as any potential dilutive securities for the period . during the first quarter of 2009 , we adopted a new accounting standard ( fasb asc 260-10 ) on participating securities , which we have applied retrospectively to prior period calculations of basic and diluted earnings per common share . pursuant to this new standard , certain of our share-based awards are considered participating securities because they earn dividend equivalents that are not forfeited even if the underlying award does not vest . the following table reconciles the components of basic and diluted net income ( loss ) per common share ( in thousands ) : .
Table
| 2009 | 2008 | 2007
net income ( loss ) attributable to common shareholders | $ -333601 ( 333601 ) | $ 50408 | $ 211942
less : dividends on share-based awards expected to vest | -1759 ( 1759 ) | -1631 ( 1631 ) | -1149 ( 1149 )
basic net income ( loss ) attributable to common shareholders | -335360 ( 335360 ) | 48777 | 210793
noncontrolling interest in earnings of common unitholders ( 1 ) | - | 2640 | 13998
diluted net income ( loss ) attributable to common shareholders | $ -335360 ( 335360 ) | $ 51417 | $ 224791
weighted average number of common shares outstanding | 201206 | 146915 | 139255
weighted average partnership units outstanding | - | 7619 | 9204
other potential dilutive shares ( 2 ) | - | 19 | 791
weighted average number of common shares and potential dilutive securities | 201206 | 154553 | 149250
weighted average number of common shares and potential diluted securities 201206 154553 149250 ( 1 ) the partnership units are anti-dilutive for the year ended december 31 , 2009 , as a result of the net loss for that period . therefore , 6687 units ( in thousands ) are excluded from the weighted average number of common shares and potential dilutive securities for the year ended december 31 , 2009 and $ 11099 noncontrolling interest in earnings of common unitholders ( in thousands ) is excluded from diluted net loss attributable to common shareholders for the year ended december 31 , 2009 . ( 2 ) excludes ( in thousands of shares ) 7872 ; 8219 and 1144 of anti-dilutive shares for the years ended december 31 , 2009 , 2008 and 2007 , respectively related to stock-based compensation plans . also excludes ( in thousands of shares ) the exchangeable notes that have 8089 ; 11771 and 11751 of anti-dilutive shares for the years ended december 31 , 2009 , 2008 and 2007 , respectively . federal income taxes we have elected to be taxed as a real estate investment trust ( 201creit 201d ) under the internal revenue code of 1986 , as amended . to qualify as a reit , we must meet a number of organizational and operational requirements , including a requirement to distribute at least 90% ( 90 % ) of our adjusted taxable income to our stockholders . management intends to continue to adhere to these requirements and to maintain our reit status . as a reit , we are entitled to a tax deduction for some or all of the dividends we pay to shareholders . accordingly , we generally will not be subject to federal income taxes as long as we distribute an amount equal to or in excess of our taxable income currently to shareholders . we are also generally subject to federal income taxes on any taxable income that is not currently distributed to our shareholders . if we fail to qualify as a reit in any taxable year , we will be subject to federal income taxes and may not be able to qualify as a reit for four subsequent taxable years . reit qualification reduces , but does not eliminate , the amount of state and local taxes we pay . in addition , our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal , state and local income taxes . as a reit , we may also be subject to certain federal excise taxes if we engage in certain types of transactions. .
Question:
what was the percent of the decline in net income ( loss ) attributable to common shareholders from 2007 to 2008
Important information:
table_1: the net income ( loss ) attributable to common shareholders of 2009 is $ -333601 ( 333601 ) ; the net income ( loss ) attributable to common shareholders of 2008 is $ 50408 ; the net income ( loss ) attributable to common shareholders of 2007 is $ 211942 ;
table_3: the basic net income ( loss ) attributable to common shareholders of 2009 is -335360 ( 335360 ) ; the basic net income ( loss ) attributable to common shareholders of 2008 is 48777 ; the basic net income ( loss ) attributable to common shareholders of 2007 is 210793 ;
table_5: the diluted net income ( loss ) attributable to common shareholders of 2009 is $ -335360 ( 335360 ) ; the diluted net income ( loss ) attributable to common shareholders of 2008 is $ 51417 ; the diluted net income ( loss ) attributable to common shareholders of 2007 is $ 224791 ;
Reasoning Steps:
Step: minus1-1(50408, 211942) = -161534
Step: divide1-2(#0, 211942) = -76.2%
Program:
subtract(50408, 211942), divide(#0, 211942)
Program (Nested):
divide(subtract(50408, 211942), 211942)
| finqa466 |
in 2010 what was the percentage of the global cruise guests from the european cruise
Important information:
text_2: total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
table_1: year the 2010 of weighted-averagesupply ofberthsmarketedglobally ( 1 ) is 391000 ; the 2010 of royal caribbean cruises ltd . total berths is 92300 ; the 2010 of globalcruiseguests ( 1 ) is 18800000 ; the 2010 of north americancruiseguests ( 2 ) is 10781000 ; the 2010 of europeancruiseguests ( 3 ) is 5540000 ;
text_10: europe cruise guests sourced from europe represented approximately 29.7% ( 29.7 % ) of global cruise guests in 2014 .
Reasoning Steps:
Step: divide1-1(5540000, 18800000) = 29.5%
Program:
divide(5540000, 18800000)
Program (Nested):
divide(5540000, 18800000)
| 0.29468 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
16 royal caribbean cruises ltd . the following table details the growth in global weighted average berths and the global , north american and european cruise guests over the past five years : weighted-average supply of berths marketed globally ( 1 ) royal caribbean cruises ltd . total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
Table
year | weighted-averagesupply ofberthsmarketedglobally ( 1 ) | royal caribbean cruises ltd . total berths | globalcruiseguests ( 1 ) | north americancruiseguests ( 2 ) | europeancruiseguests ( 3 )
2010 | 391000 | 92300 | 18800000 | 10781000 | 5540000
2011 | 412000 | 92650 | 20227000 | 11625000 | 5894000
2012 | 425000 | 98650 | 20898000 | 11640000 | 6139000
2013 | 432000 | 98750 | 21300000 | 11816000 | 6399000
2014 | 448000 | 105750 | 22006063 | 12260238 | 6535365
( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a combi- nation of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider , cruise industry news and clia . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : clia based on cruise guests carried for at least two consecutive nights ( see number 1 above ) . includes the united states of america and canada . ( 3 ) source : clia europe , formerly european cruise council , ( see number 2 above ) . north america the majority of cruise guests are sourced from north america , which represented approximately 55.7% ( 55.7 % ) of global cruise guests in 2014 . the compound annual growth rate in cruise guests sourced from this market was approximately 3.3% ( 3.3 % ) from 2010 to 2014 . europe cruise guests sourced from europe represented approximately 29.7% ( 29.7 % ) of global cruise guests in 2014 . the compound annual growth rate in cruise guests sourced from this market was approximately 4.2% ( 4.2 % ) from 2010 to 2014 . asia/pacific in addition to expected industry growth in north america and europe , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . based on industry data , cruise guests sourced from the asia/pacific region represented approximately 8.5% ( 8.5 % ) of global cruise guests in 2014 . the compound annual growth rate in cruise guests sourced from this market was approximately 16.4% ( 16.4 % ) from 2010 to 2014 . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise line , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line holdings ltd. , which owns norwegian cruise line , oceania cruises and regent seven seas cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activi- ties is influenced by political and general economic conditions . companies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the upgrade and maintenance of existing ships and the transfer of key innovations across each brand , while pru- dently expanding our fleet with new state-of-the- art cruise ships , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i .
Question:
in 2010 what was the percentage of the global cruise guests from the european cruise
Important information:
text_2: total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
table_1: year the 2010 of weighted-averagesupply ofberthsmarketedglobally ( 1 ) is 391000 ; the 2010 of royal caribbean cruises ltd . total berths is 92300 ; the 2010 of globalcruiseguests ( 1 ) is 18800000 ; the 2010 of north americancruiseguests ( 2 ) is 10781000 ; the 2010 of europeancruiseguests ( 3 ) is 5540000 ;
text_10: europe cruise guests sourced from europe represented approximately 29.7% ( 29.7 % ) of global cruise guests in 2014 .
Reasoning Steps:
Step: divide1-1(5540000, 18800000) = 29.5%
Program:
divide(5540000, 18800000)
Program (Nested):
divide(5540000, 18800000)
| finqa467 |
what were total operating expenses 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: minus1-1(40678, 2526) = 38152
Program:
subtract(40678, 2526)
Program (Nested):
subtract(40678, 2526)
| 38152.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents notes to consolidated financial statements 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 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: minus1-1(40678, 2526) = 38152
Program:
subtract(40678, 2526)
Program (Nested):
subtract(40678, 2526)
| finqa468 |
what was average net sales for space systems in millions from 2013 to 2015?
Important information:
text_2: the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .
table_1: the net sales of 2015 is $ 9105 ; the net sales of 2014 is $ 9202 ; the net sales of 2013 is $ 9288 ;
table_2: the operating profit of 2015 is 1171 ; the operating profit of 2014 is 1187 ; the operating profit of 2013 is 1198 ;
Reasoning Steps:
Step: average2-1(net sales, none) = 9198
Program:
table_average(net sales, none)
Program (Nested):
table_average(net sales, none)
| 9198.33333 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2014 compared to 2013 mst 2019s net sales decreased $ 305 million , or 3% ( 3 % ) , in 2014 as compared to 2013 . net sales decreased by approximately $ 305 million due to the wind-down or completion of certain c4isr programs ( primarily ptds ) ; about $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) . the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) . mst 2019s operating profit decreased $ 129 million , or 12% ( 12 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) ; approximately $ 55 million due to the reasons described above for lower c4isr program sales , as well as performance matters on an international program ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs . the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 85 million lower for 2014 compared to 2013 . backlog backlog increased in 2015 compared to 2014 primarily due to the addition of sikorsky backlog , as well as higher orders on new program starts ( such as australian defence force pilot training system ) . backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) . trends we expect mst 2019s 2016 net sales to increase in the mid-double digit percentage range compared to 2015 net sales due to the inclusion of sikorsky programs for a full year , partially offset by a decline in volume due to the wind-down or completion of certain programs . operating profit is expected to be equivalent to 2015 on higher volume , and operating margin is expected to decline due to costs associated with the sikorsky acquisition , including the impact of purchase accounting adjustments , integration costs and inherited restructuring costs associated with actions committed to by sikorsky prior to acquisition . space systems our space systems business segment is engaged in the research and development , design , engineering and production of satellites , strategic and defensive missile systems and space transportation systems . space systems provides network-enabled situational awareness and integrates complex global systems to help our customers gather , analyze , and securely distribute critical intelligence data . space systems is also responsible for various classified systems and services in support of vital national security systems . space systems 2019 major programs include the trident ii d5 fleet ballistic missile ( fbm ) , orion , space based infrared system ( sbirs ) , aehf , gps-iii , geostationary operational environmental satellite r-series ( goes-r ) , and muos . operating profit for our space systems business segment includes our share of earnings for our investment in ula , which provides expendable launch services to the u.s . government . space systems 2019 operating results included the following ( in millions ) : .
Table
| 2015 | 2014 | 2013
net sales | $ 9105 | $ 9202 | $ 9288
operating profit | 1171 | 1187 | 1198
operating margins | 12.9% ( 12.9 % ) | 12.9% ( 12.9 % ) | 12.9% ( 12.9 % )
backlog at year-end | $ 17400 | $ 20300 | $ 21400
2015 compared to 2014 space systems 2019 net sales in 2015 decreased $ 97 million , or 1% ( 1 % ) , compared to 2014 . the decrease was attributable to approximately $ 335 million lower net sales for government satellite programs due to decreased volume ( primarily aehf ) and the wind-down or completion of mission solutions programs ; and approximately $ 55 million for strategic missile and defense systems due to lower volume . these decreases were partially offset by higher net sales of approximately $ 235 million for businesses acquired in 2014 ; and approximately $ 75 million for the orion program due to increased volume. .
Question:
what was average net sales for space systems in millions from 2013 to 2015?
Important information:
text_2: the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .
table_1: the net sales of 2015 is $ 9105 ; the net sales of 2014 is $ 9202 ; the net sales of 2013 is $ 9288 ;
table_2: the operating profit of 2015 is 1171 ; the operating profit of 2014 is 1187 ; the operating profit of 2013 is 1198 ;
Reasoning Steps:
Step: average2-1(net sales, none) = 9198
Program:
table_average(net sales, none)
Program (Nested):
table_average(net sales, none)
| finqa469 |
what was the average total accumulated other comprehensive losses from 2013 to 2015 in millions?
Important information:
text_1: accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
table_3: ( losses ) earnings ( in millions ) the derivatives accounted for as hedges of ( losses ) earnings 2015 is 59 ; the derivatives accounted for as hedges of ( losses ) earnings 2014 is 123 ; the derivatives accounted for as hedges of 2013 is 63 ;
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 ) ;
Reasoning Steps:
Step: average1-1(total accumulated other comprehensive losses, none) = -6806
Program:
table_average(total accumulated other comprehensive losses, none)
Program (Nested):
table_average(total accumulated other comprehensive losses, none)
| -6806.0 | 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:
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 was the average total accumulated other comprehensive losses from 2013 to 2015 in millions?
Important information:
text_1: accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
table_3: ( losses ) earnings ( in millions ) the derivatives accounted for as hedges of ( losses ) earnings 2015 is 59 ; the derivatives accounted for as hedges of ( losses ) earnings 2014 is 123 ; the derivatives accounted for as hedges of 2013 is 63 ;
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 ) ;
Reasoning Steps:
Step: average1-1(total accumulated other comprehensive losses, none) = -6806
Program:
table_average(total accumulated other comprehensive losses, none)
Program (Nested):
table_average(total accumulated other comprehensive losses, none)
| finqa470 |
what was the average operating profit of the space results from 2010 to 2012
Important information:
table_1: the net sales of 2012 is $ 8347 ; the net sales of 2011 is $ 8161 ; the net sales of 2010 is $ 8268 ;
table_2: the operating profit of 2012 is 1083 ; the operating profit of 2011 is 1063 ; the operating profit of 2010 is 1030 ;
table_3: the operating margins of 2012 is 13.0% ( 13.0 % ) ; the operating margins of 2011 is 13.0% ( 13.0 % ) ; the operating margins of 2010 is 12.5% ( 12.5 % ) ;
Reasoning Steps:
Step: minus1-1(1083, 1063) = 2146
Step: add1-2(#0, 1030) = 3176
Step: add1-3(#1, const_3) = 2118.0
Step: divide0-0(#2, const_2) = 1059
Program:
subtract(1083, 1063), add(#0, 1030), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(subtract(1083, 1063), 1030), const_3), const_2)
| 526.5 | 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:
2011 compared to 2010 mst 2019s net sales for 2011 decreased $ 311 million , or 4% ( 4 % ) , compared to 2010 . the decrease was attributable to decreased volume of approximately $ 390 million for certain ship and aviation system programs ( primarily maritime patrol aircraft and ptds ) and approximately $ 75 million for training and logistics solutions programs . partially offsetting these decreases was higher sales of about $ 165 million from production on the lcs program . mst 2019s operating profit for 2011 decreased $ 68 million , or 10% ( 10 % ) , compared to 2010 . the decrease was attributable to decreased operating profit of approximately $ 55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs ( including the terminated presidential helicopter program ) and approximately $ 40 million due to lower volume and increased reserves on training and logistics solutions . partially offsetting these decreases was higher operating profit of approximately $ 30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010 . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 55 million lower in 2011 compared to 2010 . backlog backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs ( primarily mh-60 and lcs ) , partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs ( primarily aegis ) . backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs . trends we expect mst 2019s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of ptds deliveries in 2012 and expected lower volume on training services programs . operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance . space systems our space systems business segment is engaged in the research and development , design , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems . space systems is also responsible for various classified systems and services in support of vital national security systems . space systems 2019 major programs include the space-based infrared system ( sbirs ) , advanced extremely high frequency ( aehf ) system , mobile user objective system ( muos ) , global positioning satellite ( gps ) iii system , geostationary operational environmental satellite r-series ( goes-r ) , trident ii d5 fleet ballistic missile , and orion . operating results for our space systems business segment include our equity interests in united launch alliance ( ula ) , which provides expendable launch services for the u.s . government , united space alliance ( usa ) , which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011 , and a joint venture that manages the u.k . 2019s atomic weapons establishment program . space systems 2019 operating results included the following ( in millions ) : .
Table
| 2012 | 2011 | 2010
net sales | $ 8347 | $ 8161 | $ 8268
operating profit | 1083 | 1063 | 1030
operating margins | 13.0% ( 13.0 % ) | 13.0% ( 13.0 % ) | 12.5% ( 12.5 % )
backlog at year-end | 18100 | 16000 | 17800
2012 compared to 2011 space systems 2019 net sales for 2012 increased $ 186 million , or 2% ( 2 % ) , compared to 2011 . the increase was attributable to higher net sales of approximately $ 150 million due to increased commercial satellite deliveries ( two commercial satellites delivered in 2012 compared to one during 2011 ) ; about $ 125 million from the orion program due to higher volume and an increase in risk retirements ; and approximately $ 70 million from increased volume on various strategic and defensive missile programs . partially offsetting the increases were lower net sales of approximately $ 105 million from certain government satellite programs ( primarily sbirs and muos ) as a result of decreased volume and a decline in risk retirements ; and about $ 55 million from the nasa external tank program , which ended in connection with the completion of the space shuttle program in 2011. .
Question:
what was the average operating profit of the space results from 2010 to 2012
Important information:
table_1: the net sales of 2012 is $ 8347 ; the net sales of 2011 is $ 8161 ; the net sales of 2010 is $ 8268 ;
table_2: the operating profit of 2012 is 1083 ; the operating profit of 2011 is 1063 ; the operating profit of 2010 is 1030 ;
table_3: the operating margins of 2012 is 13.0% ( 13.0 % ) ; the operating margins of 2011 is 13.0% ( 13.0 % ) ; the operating margins of 2010 is 12.5% ( 12.5 % ) ;
Reasoning Steps:
Step: minus1-1(1083, 1063) = 2146
Step: add1-2(#0, 1030) = 3176
Step: add1-3(#1, const_3) = 2118.0
Step: divide0-0(#2, const_2) = 1059
Program:
subtract(1083, 1063), add(#0, 1030), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(subtract(1083, 1063), 1030), const_3), const_2)
| finqa471 |
what was the average effective tax rate for the three year period?
Important information:
table_1: the computed expected tax of 2005 is $ 636 ; the computed expected tax of 2004 is $ 134 ; the computed expected tax of 2003 is $ 32 ;
table_7: the provision for income taxes of 2005 is $ 480 ; the provision for income taxes of 2004 is $ 107 ; the provision for income taxes of 2003 is $ 24 ;
table_8: the effective tax rate of 2005 is 26% ( 26 % ) ; the effective tax rate of 2004 is 28% ( 28 % ) ; the effective tax rate of 2003 is 26% ( 26 % ) ;
Reasoning Steps:
Step: average1-1(effective tax rate, none) = 26.7
Program:
table_average(effective tax rate, none)
Program (Nested):
table_average(effective tax rate, none)
| 0.26667 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements ( continued ) note 6 2014income taxes ( continued ) a reconciliation of the provision for income taxes , with the amount computed by applying the statutory federal income tax rate ( 35% ( 35 % ) in 2005 , 2004 , and 2003 ) to income before provision for income taxes , is as follows ( in millions ) : .
Table
| 2005 | 2004 | 2003
computed expected tax | $ 636 | $ 134 | $ 32
state taxes net of federal effect | -19 ( 19 ) | -5 ( 5 ) | -4 ( 4 )
indefinitely invested earnings of foreign subsidiaries | -98 ( 98 ) | -31 ( 31 ) | -13 ( 13 )
nondeductible executive compensation | 11 | 10 | 5
research and development credit net | -26 ( 26 ) | -5 ( 5 ) | -7 ( 7 )
other items | -24 ( 24 ) | 4 | 11
provision for income taxes | $ 480 | $ 107 | $ 24
effective tax rate | 26% ( 26 % ) | 28% ( 28 % ) | 26% ( 26 % )
during 2005 , the company reversed certain tax contingency reserves and recorded a corresponding benefit to income tax expense primarily as a result of a change in the estimated outcome of certain tax disputes . additionally , during the fourth quarter of 2005 , the company recorded a benefit to tax expense to adjust its net deferred tax assets as a result of the company 2019s year-end review of its deferred tax accounts , the impact of which was not material to the current or prior periods 2019 results of operations . the total benefit to income tax expense from the reversal of these tax contingency reserves and adjustments to net deferred tax assets was $ 67 million . the company also recorded a $ 14 million credit to income tax expense resulting from a reduction of the valuation allowance . the internal revenue service ( irs ) has completed its field audit of the company 2019s federal income tax returns for all years prior to 2002 and proposed certain adjustments . certain of these adjustments are being contested through the irs appeals office . substantially all irs audit issues for these years have been resolved . in addition , the company is also subject to audits by state , local , and foreign tax authorities . management believes that adequate provisions have been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . should any issues addressed in the company 2019s tax audits be resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income tax in the period such resolution occurs . note 7 2014shareholders 2019 equity preferred stock the company has 5 million shares of authorized preferred stock , none of which is outstanding . under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock. .
Question:
what was the average effective tax rate for the three year period?
Important information:
table_1: the computed expected tax of 2005 is $ 636 ; the computed expected tax of 2004 is $ 134 ; the computed expected tax of 2003 is $ 32 ;
table_7: the provision for income taxes of 2005 is $ 480 ; the provision for income taxes of 2004 is $ 107 ; the provision for income taxes of 2003 is $ 24 ;
table_8: the effective tax rate of 2005 is 26% ( 26 % ) ; the effective tax rate of 2004 is 28% ( 28 % ) ; the effective tax rate of 2003 is 26% ( 26 % ) ;
Reasoning Steps:
Step: average1-1(effective tax rate, none) = 26.7
Program:
table_average(effective tax rate, none)
Program (Nested):
table_average(effective tax rate, none)
| finqa472 |
what is the exchange rate per dollar used to convert the face value of the euro notes with the maturity date in march 2021?
Important information:
table_1: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac750 ( approximately $ 1029 ) ; the euro notes of interest rate is 1.875% ( 1.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2021 ;
table_2: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac1000 ( approximately $ 1372 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2026 ;
table_3: type the euro notes of is ( b ) ; the euro notes of face value ( e ) is 20ac500 ( approximately $ 697 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is may 2014 ; the euro notes of maturity is may 2029 ;
Reasoning Steps:
Step: divide1-1(750, 1029) = 0.73
Program:
divide(750, 1029)
Program (Nested):
divide(750, 1029)
| 0.72886 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 debt issuances in 2014 were as follows : ( in millions ) type face value ( e ) interest rate issuance maturity euro notes ( a ) 20ac750 ( approximately $ 1029 ) 1.875% ( 1.875 % ) march 2014 march 2021 euro notes ( a ) 20ac1000 ( approximately $ 1372 ) 2.875% ( 2.875 % ) march 2014 march 2026 euro notes ( b ) 20ac500 ( approximately $ 697 ) 2.875% ( 2.875 % ) may 2014 may 2029 swiss franc notes ( c ) chf275 ( approximately $ 311 ) 0.750% ( 0.750 % ) may 2014 december 2019 swiss franc notes ( b ) chf250 ( approximately $ 283 ) 1.625% ( 1.625 % ) may 2014 may 2024 u.s . dollar notes ( d ) $ 500 1.250% ( 1.250 % ) november 2014 november 2017 u.s . dollar notes ( d ) $ 750 3.250% ( 3.250 % ) november 2014 november 2024 u.s . dollar notes ( d ) $ 750 4.250% ( 4.250 % ) november 2014 november 2044 ( a ) interest on these notes is payable annually in arrears beginning in march 2015 . ( b ) interest on these notes is payable annually in arrears beginning in may 2015 . ( c ) interest on these notes is payable annually in arrears beginning in december 2014 . ( d ) interest on these notes is payable semiannually in arrears beginning in may 2015 . ( e ) u.s . dollar equivalents for foreign currency notes were calculated based on exchange rates on the date of issuance . the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes . the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2013 and 2014 . 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below . guarantees 2013 at december 31 , 2014 , we were contingently liable for $ 1.0 billion of guarantees of our own performance , which were primarily related to excise taxes on the shipment of our products . there is no liability in the consolidated financial statements associated with these guarantees . at december 31 , 2014 , our third-party guarantees were insignificant. .
Table
type | | face value ( e ) | interest rate | issuance | maturity
euro notes | ( a ) | 20ac750 ( approximately $ 1029 ) | 1.875% ( 1.875 % ) | march 2014 | march 2021
euro notes | ( a ) | 20ac1000 ( approximately $ 1372 ) | 2.875% ( 2.875 % ) | march 2014 | march 2026
euro notes | ( b ) | 20ac500 ( approximately $ 697 ) | 2.875% ( 2.875 % ) | may 2014 | may 2029
swiss franc notes | ( c ) | chf275 ( approximately $ 311 ) | 0.750% ( 0.750 % ) | may 2014 | december 2019
swiss franc notes | ( b ) | chf250 ( approximately $ 283 ) | 1.625% ( 1.625 % ) | may 2014 | may 2024
u.s . dollar notes | ( d ) | $ 500 | 1.250% ( 1.250 % ) | november 2014 | november 2017
u.s . dollar notes | ( d ) | $ 750 | 3.250% ( 3.250 % ) | november 2014 | november 2024
u.s . dollar notes | ( d ) | $ 750 | 4.250% ( 4.250 % ) | november 2014 | november 2044
our debt issuances in 2014 were as follows : ( in millions ) type face value ( e ) interest rate issuance maturity euro notes ( a ) 20ac750 ( approximately $ 1029 ) 1.875% ( 1.875 % ) march 2014 march 2021 euro notes ( a ) 20ac1000 ( approximately $ 1372 ) 2.875% ( 2.875 % ) march 2014 march 2026 euro notes ( b ) 20ac500 ( approximately $ 697 ) 2.875% ( 2.875 % ) may 2014 may 2029 swiss franc notes ( c ) chf275 ( approximately $ 311 ) 0.750% ( 0.750 % ) may 2014 december 2019 swiss franc notes ( b ) chf250 ( approximately $ 283 ) 1.625% ( 1.625 % ) may 2014 may 2024 u.s . dollar notes ( d ) $ 500 1.250% ( 1.250 % ) november 2014 november 2017 u.s . dollar notes ( d ) $ 750 3.250% ( 3.250 % ) november 2014 november 2024 u.s . dollar notes ( d ) $ 750 4.250% ( 4.250 % ) november 2014 november 2044 ( a ) interest on these notes is payable annually in arrears beginning in march 2015 . ( b ) interest on these notes is payable annually in arrears beginning in may 2015 . ( c ) interest on these notes is payable annually in arrears beginning in december 2014 . ( d ) interest on these notes is payable semiannually in arrears beginning in may 2015 . ( e ) u.s . dollar equivalents for foreign currency notes were calculated based on exchange rates on the date of issuance . the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes . the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2013 and 2014 . 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below . guarantees 2013 at december 31 , 2014 , we were contingently liable for $ 1.0 billion of guarantees of our own performance , which were primarily related to excise taxes on the shipment of our products . there is no liability in the consolidated financial statements associated with these guarantees . at december 31 , 2014 , our third-party guarantees were insignificant. .
Question:
what is the exchange rate per dollar used to convert the face value of the euro notes with the maturity date in march 2021?
Important information:
table_1: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac750 ( approximately $ 1029 ) ; the euro notes of interest rate is 1.875% ( 1.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2021 ;
table_2: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac1000 ( approximately $ 1372 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2026 ;
table_3: type the euro notes of is ( b ) ; the euro notes of face value ( e ) is 20ac500 ( approximately $ 697 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is may 2014 ; the euro notes of maturity is may 2029 ;
Reasoning Steps:
Step: divide1-1(750, 1029) = 0.73
Program:
divide(750, 1029)
Program (Nested):
divide(750, 1029)
| finqa473 |
what amount of long-term debt is due in the next 36 months for entergy corporation as of december 31 , 2013 , in millions?
Important information:
table_1: the 2014 of amount ( in thousands ) is $ 385373 ;
table_2: the 2015 of amount ( in thousands ) is $ 1110566 ;
table_5: the 2018 of amount ( in thousands ) is $ 1324616 ;
Reasoning Steps:
Step: add2-1(385373, 1110566) = 1495939
Step: add2-2(#0, 270852) = 1766791
Step: divide2-3(#1, const_1000) = 1766.8
Program:
add(385373, 1110566), add(#0, 270852), divide(#1, const_1000)
Program (Nested):
divide(add(add(385373, 1110566), 270852), const_1000)
| 1766.791 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term ( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations . ( e ) the fair value excludes lease obligations of $ 149 million at entergy louisiana and $ 97 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 95 million at entergy , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2013 , for the next five years are as follows : amount ( in thousands ) .
Table
| amount ( in thousands )
2014 | $ 385373
2015 | $ 1110566
2016 | $ 270852
2017 | $ 766801
2018 | $ 1324616
in november 2000 , entergy 2019s 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 in 2001 resulted in entergy 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 . in july 2003 a payment of $ 102 million was made prior to maturity on the note payable to nypa . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015 . entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; .
Question:
what amount of long-term debt is due in the next 36 months for entergy corporation as of december 31 , 2013 , in millions?
Important information:
table_1: the 2014 of amount ( in thousands ) is $ 385373 ;
table_2: the 2015 of amount ( in thousands ) is $ 1110566 ;
table_5: the 2018 of amount ( in thousands ) is $ 1324616 ;
Reasoning Steps:
Step: add2-1(385373, 1110566) = 1495939
Step: add2-2(#0, 270852) = 1766791
Step: divide2-3(#1, const_1000) = 1766.8
Program:
add(385373, 1110566), add(#0, 270852), divide(#1, const_1000)
Program (Nested):
divide(add(add(385373, 1110566), 270852), const_1000)
| finqa474 |
what portion of the estimated purchase price of r2 is paid in cash?
Important information:
text_13: the aggregate purchase price for r2 of approximately $ 220600 consisted of approximately 4400 shares of hologic common stock valued at $ 205500 , cash paid of $ 6900 , debt assumed of $ 5700 and approximately $ 2500 for acquisition related fees and expenses .
table_4: net tangible assets acquired as of july 13 2006 the trade name of $ 1200 is 3300 ;
table_8: net tangible assets acquired as of july 13 2006 the estimated purchase price of $ 1200 is $ 220600 ;
Reasoning Steps:
Step: divide2-1(6900, 220600) = 3.1%
Program:
divide(6900, 220600)
Program (Nested):
divide(6900, 220600)
| 0.03128 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 ) 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 . acquisition of r2 technology , inc . on july 13 , 2006 , the company completed the acquisition of r2 technology , inc . ( r2 ) pursuant to an agreement and plan of merger dated april 24 , 2006 . the results of operations for r2 have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment . r2 , previously located in santa clara , california , develops and sells computer-aided detection technology and products ( cad ) , an innovative technology that assists radiologists in the early detection of breast cancer . the aggregate purchase price for r2 of approximately $ 220600 consisted of approximately 4400 shares of hologic common stock valued at $ 205500 , cash paid of $ 6900 , debt assumed of $ 5700 and approximately $ 2500 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 13 2006 | $ 1200
in-process research and development | 10200
developed technology and know how | 39500
customer relationship | 15700
trade name | 3300
order backlog | 800
deferred income taxes | 4400
goodwill | 145500
estimated purchase price | $ 220600
the company finalized and completed a plan to restructure certain of r2 2019s historical activities . as of the acquisition date the company recorded a liability of approximately $ 798 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 and loss related to the abandonment of certain lease space under this plan . all amounts under this plan have been paid as of september 29 , 2007 . the company reduced goodwill related to the r2 acquisition in the amount of approximately $ 400 during the year ended september 29 , 2007 . the reduction was primarily related to a change in the preliminary valuation of certain assets and liabilities acquired based on information received during the year . the final purchase price allocations were completed within one year of the .
Question:
what portion of the estimated purchase price of r2 is paid in cash?
Important information:
text_13: the aggregate purchase price for r2 of approximately $ 220600 consisted of approximately 4400 shares of hologic common stock valued at $ 205500 , cash paid of $ 6900 , debt assumed of $ 5700 and approximately $ 2500 for acquisition related fees and expenses .
table_4: net tangible assets acquired as of july 13 2006 the trade name of $ 1200 is 3300 ;
table_8: net tangible assets acquired as of july 13 2006 the estimated purchase price of $ 1200 is $ 220600 ;
Reasoning Steps:
Step: divide2-1(6900, 220600) = 3.1%
Program:
divide(6900, 220600)
Program (Nested):
divide(6900, 220600)
| finqa475 |
what portion of the total long-term obligations are incurred from long-term debt?
Important information:
table_1: in millions the long-term debt ( a ) of payments due by fiscal year total is $ 13093.0 ; the long-term debt ( a ) of payments due by fiscal year 2020 is $ 1396.3 ; the long-term debt ( a ) of payments due by fiscal year 2021 -22 is $ 3338.4 ; the long-term debt ( a ) of payments due by fiscal year 2023 -24 is $ 2810.2 ; the long-term debt ( a ) of payments due by fiscal year 2025 and thereafter is $ 5548.1 ;
table_6: in millions the total contractual obligations of payments due by fiscal year total is 16630.3 ; the total contractual obligations of payments due by fiscal year 2020 is 4214.2 ; the total contractual obligations of payments due by fiscal year 2021 -22 is 3847.1 ; the total contractual obligations of payments due by fiscal year 2023 -24 is 2950.7 ; the total contractual obligations of payments due by fiscal year 2025 and thereafter is 5618.3 ;
table_8: in millions the total long-term obligations of payments due by fiscal year total is $ 17932.7 ; the total long-term obligations of payments due by fiscal year 2020 is $ 4214.2 ; the total long-term obligations of payments due by fiscal year 2021 -22 is $ 3847.1 ; the total long-term obligations of payments due by fiscal year 2023 -24 is $ 2950.7 ; the total long-term obligations of payments due by fiscal year 2025 and thereafter is $ 5618.3 ;
Reasoning Steps:
Step: divide1-1(13093.0, 17932.7) = 73.01%
Program:
divide(13093.0, 17932.7)
Program (Nested):
divide(13093.0, 17932.7)
| 0.73012 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
Table
in millions | payments due by fiscal year total | payments due by fiscal year 2020 | payments due by fiscal year 2021 -22 | payments due by fiscal year 2023 -24 | payments due by fiscal year 2025 and thereafter
long-term debt ( a ) | $ 13093.0 | $ 1396.3 | $ 3338.4 | $ 2810.2 | $ 5548.1
accrued interest | 92.6 | 92.6 | - | - | -
operating leases ( b ) | 482.6 | 120.0 | 186.7 | 112.9 | 63.0
capital leases | 0.3 | 0.2 | 0.1 | - | -
purchase obligations ( c ) | 2961.8 | 2605.1 | 321.9 | 27.6 | 7.2
total contractual obligations | 16630.3 | 4214.2 | 3847.1 | 2950.7 | 5618.3
other long-term obligations ( d ) | 1302.4 | - | - | - | -
total long-term obligations | $ 17932.7 | $ 4214.2 | $ 3847.1 | $ 2950.7 | $ 5618.3
( a ) amounts represent the expected cash payments of our long-term debt and do not include $ 0.3 million for capital leases or $ 72.0 million for net unamortized debt issuance costs , premiums and discounts , and fair value adjustments . ( b ) operating leases represents the minimum rental commitments under non-cancelable operating leases . ( c ) the majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands . for purposes of this table , arrangements are considered purchase obligations if a contract specifies all significant terms , including fixed or minimum quantities to be purchased , a pricing structure , and approximate timing of the transaction . most arrangements are cancelable without a significant penalty and with short notice ( usually 30 days ) . any amounts reflected on the consolidated balance sheets as accounts payable and accrued liabilities are excluded from the table above . ( d ) the fair value of our foreign exchange , equity , commodity , and grain derivative contracts with a payable position to the counterparty was $ 17.3 million as of may 26 , 2019 , based on fair market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations mainly consist of liabilities for accrued compensation and benefits , including the underfunded status of certain of our defined benefit pension , other postretirement benefit , and postemployment benefit plans , and miscellaneous liabilities . we expect to pay approximately $ 20 million of benefits from our unfunded postemployment benefit plans and approximately $ 18 million of deferred compensation in fiscal 2020 . we are unable to reliably estimate the amount of these payments beyond fiscal 2020 . as of may 26 , 2019 , our total liability for uncertain tax positions and accrued interest and penalties was $ 165.1 million . significant accounting estimates for a complete description of our significant accounting policies , please see note 2 to the consolidated financial statements in item 8 of this report . our significant accounting estimates are those that have a meaningful impact on the reporting of our financial condition and results of operations . these estimates include our accounting for promotional expenditures , valuation of long-lived assets , intangible assets , redeemable interest , stock-based compensation , income taxes , and defined benefit pension , other postretirement benefit , and postemployment benefit plans . revenue recognition our revenues are reported net of variable consideration and consideration payable to our customers , including trade promotion , consumer coupon redemption and other costs , including estimated allowances for returns , unsalable product , and prompt pay discounts . trade promotions are recorded using significant judgment of estimated participation and performance levels for offered programs at the time of sale . differences between estimated expenses and actual costs are recognized as a change in management estimate in a subsequent period . our accrued trade liabilities were $ 484 million as of may 26 , 2019 , and $ 500 million as of may 27 , 2018 . because these amounts are significant , if our estimates are inaccurate we would have to make adjustments in subsequent periods that could have a significant effect on our results of operations. .
Question:
what portion of the total long-term obligations are incurred from long-term debt?
Important information:
table_1: in millions the long-term debt ( a ) of payments due by fiscal year total is $ 13093.0 ; the long-term debt ( a ) of payments due by fiscal year 2020 is $ 1396.3 ; the long-term debt ( a ) of payments due by fiscal year 2021 -22 is $ 3338.4 ; the long-term debt ( a ) of payments due by fiscal year 2023 -24 is $ 2810.2 ; the long-term debt ( a ) of payments due by fiscal year 2025 and thereafter is $ 5548.1 ;
table_6: in millions the total contractual obligations of payments due by fiscal year total is 16630.3 ; the total contractual obligations of payments due by fiscal year 2020 is 4214.2 ; the total contractual obligations of payments due by fiscal year 2021 -22 is 3847.1 ; the total contractual obligations of payments due by fiscal year 2023 -24 is 2950.7 ; the total contractual obligations of payments due by fiscal year 2025 and thereafter is 5618.3 ;
table_8: in millions the total long-term obligations of payments due by fiscal year total is $ 17932.7 ; the total long-term obligations of payments due by fiscal year 2020 is $ 4214.2 ; the total long-term obligations of payments due by fiscal year 2021 -22 is $ 3847.1 ; the total long-term obligations of payments due by fiscal year 2023 -24 is $ 2950.7 ; the total long-term obligations of payments due by fiscal year 2025 and thereafter is $ 5618.3 ;
Reasoning Steps:
Step: divide1-1(13093.0, 17932.7) = 73.01%
Program:
divide(13093.0, 17932.7)
Program (Nested):
divide(13093.0, 17932.7)
| finqa476 |
what was the mathematical range for the postretirement benefit plans?
Important information:
table_1: years the 2010 of domestic pension plans is $ 17.2 ; the 2010 of foreign pension plans is $ 23.5 ; the 2010 of postretirement benefit plans is $ 5.8 ;
table_3: years the 2012 of domestic pension plans is 10.8 ; the 2012 of foreign pension plans is 26.4 ; the 2012 of postretirement benefit plans is 5.7 ;
table_6: years the 2015 2013 2019 of domestic pension plans is 48.5 ; the 2015 2013 2019 of foreign pension plans is 175.3 ; the 2015 2013 2019 of postretirement benefit plans is 24.8 ;
Reasoning Steps:
Step: minus1-1(24.8, 5.5) = 19.3
Program:
subtract(24.8, 5.5)
Program (Nested):
subtract(24.8, 5.5)
| 19.3 | 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:
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) cash flows for 2010 , we expect to contribute $ 25.2 and $ 9.2 to our foreign pension plans and domestic pension plans , respectively . a significant portion of our contributions to the foreign pension plans relate to the u.k . pension plan . additionally , we are in the process of modifying the schedule of employer contributions for the u.k . pension plan and we expect to finalize this during 2010 . as a result , we expect our contributions to our foreign pension plans to increase from current levels in 2010 and subsequent years . during 2009 , we contributed $ 31.9 to our foreign pension plans and contributions to the domestic pension plan were negligible . the following estimated future benefit payments , which reflect future service , as appropriate , are expected to be paid in the years indicated below . domestic pension plans foreign pension plans postretirement benefit plans .
Table
years | domestic pension plans | foreign pension plans | postretirement benefit plans
2010 | $ 17.2 | $ 23.5 | $ 5.8
2011 | 11.1 | 24.7 | 5.7
2012 | 10.8 | 26.4 | 5.7
2013 | 10.5 | 28.2 | 5.6
2014 | 10.5 | 32.4 | 5.5
2015 2013 2019 | 48.5 | 175.3 | 24.8
the estimated future payments for our postretirement benefit plans are before any estimated federal subsidies expected to be received under the medicare prescription drug , improvement and modernization act of 2003 . federal subsidies are estimated to range from $ 0.5 in 2010 to $ 0.6 in 2014 and are estimated to be $ 2.4 for the period 2015-2019 . savings plans we sponsor defined contribution plans ( the 201csavings plans 201d ) that cover substantially all domestic employees . the savings plans permit participants to make contributions on a pre-tax and/or after-tax basis and allows participants to choose among various investment alternatives . we match a portion of participant contributions based upon their years of service . amounts expensed for the savings plans for 2009 , 2008 and 2007 were $ 35.1 , $ 29.6 and $ 31.4 , respectively . expense includes a discretionary company contribution of $ 3.8 , $ 4.0 and $ 4.9 offset by participant forfeitures of $ 2.7 , $ 7.8 , $ 6.0 in 2009 , 2008 and 2007 , respectively . in addition , we maintain defined contribution plans in various foreign countries and contributed $ 25.0 , $ 28.7 and $ 26.7 to these plans in 2009 , 2008 and 2007 , respectively . deferred compensation and benefit arrangements we have deferred compensation arrangements which ( i ) permit certain of our key officers and employees to defer a portion of their salary or incentive compensation , or ( ii ) require us to contribute an amount to the participant 2019s account . the arrangements typically provide that the participant will receive the amounts deferred plus interest upon attaining certain conditions , such as completing a certain number of years of service or upon retirement or termination . as of december 31 , 2009 and 2008 , the deferred compensation liability balance was $ 100.3 and $ 107.6 , respectively . amounts expensed for deferred compensation arrangements in 2009 , 2008 and 2007 were $ 11.6 , $ 5.7 and $ 11.9 , respectively . we have deferred benefit arrangements with certain key officers and employees that provide participants with an annual payment , payable when the participant attains a certain age and after the participant 2019s employment has terminated . the deferred benefit liability was $ 178.2 and $ 182.1 as of december 31 , 2009 and 2008 , respectively . amounts expensed for deferred benefit arrangements in 2009 , 2008 and 2007 were $ 12.0 , $ 14.9 and $ 15.5 , respectively . we have purchased life insurance policies on participants 2019 lives to assist in the funding of the related deferred compensation and deferred benefit liabilities . as of december 31 , 2009 and 2008 , the cash surrender value of these policies was $ 119.4 and $ 100.2 , respectively . in addition to the life insurance policies , certain investments are held for the purpose of paying the deferred compensation and deferred benefit liabilities . these investments , along with the life insurance policies , are held in a separate revocable trust for the purpose of paying the deferred compensation and the deferred benefit .
Question:
what was the mathematical range for the postretirement benefit plans?
Important information:
table_1: years the 2010 of domestic pension plans is $ 17.2 ; the 2010 of foreign pension plans is $ 23.5 ; the 2010 of postretirement benefit plans is $ 5.8 ;
table_3: years the 2012 of domestic pension plans is 10.8 ; the 2012 of foreign pension plans is 26.4 ; the 2012 of postretirement benefit plans is 5.7 ;
table_6: years the 2015 2013 2019 of domestic pension plans is 48.5 ; the 2015 2013 2019 of foreign pension plans is 175.3 ; the 2015 2013 2019 of postretirement benefit plans is 24.8 ;
Reasoning Steps:
Step: minus1-1(24.8, 5.5) = 19.3
Program:
subtract(24.8, 5.5)
Program (Nested):
subtract(24.8, 5.5)
| finqa477 |
what is the percentage change in the balance of the prudential insurance company of america from 2016 to 2017?
Important information:
text_8: the company has entered into separate annuity agreements with the prudential insurance of america ( 201cthe prudential 201d ) and an additional unaffiliated life insurance company in which the company has either purchased annuity contracts or become the assignee of annuity proceeds that are meant to settle claim payment obligations in the future .
table_1: ( dollars in thousands ) the the prudential insurance company of america of at december 31 , 2017 is $ 144618 ; the the prudential insurance company of america of at december 31 , 2016 is $ 146507 ;
table_2: ( dollars in thousands ) the unaffiliated life insurance company of at december 31 , 2017 is 34444 ; the unaffiliated life insurance company of at december 31 , 2016 is 33860 ;
Reasoning Steps:
Step: minus2-1(144618, 146507) = -1889
Step: divide2-2(#0, 146507) = -1.3%
Program:
subtract(144618, 146507), divide(#0, 146507)
Program (Nested):
divide(subtract(144618, 146507), 146507)
| -0.01289 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
15 . commitments and contingencies in the ordinary course of business , the company is involved in lawsuits , arbitrations and other formal and informal dispute resolution procedures , the outcomes of which will determine the company 2019s rights and obligations under insurance and reinsurance agreements . in some disputes , the company seeks to enforce its rights under an agreement or to collect funds owing to it . in other matters , the company is resisting attempts by others to collect funds or enforce alleged rights . these disputes arise from time to time and are ultimately resolved through both informal and formal means , including negotiated resolution , arbitration and litigation . in all such matters , the company believes that its positions are legally and commercially reasonable . the company considers the statuses of these proceedings when determining its reserves for unpaid loss and loss adjustment expenses . aside from litigation and arbitrations related to these insurance and reinsurance agreements , the company is not a party to any other material litigation or arbitration . the company has entered into separate annuity agreements with the prudential insurance of america ( 201cthe prudential 201d ) and an additional unaffiliated life insurance company in which the company has either purchased annuity contracts or become the assignee of annuity proceeds that are meant to settle claim payment obligations in the future . in both instances , the company would become contingently liable if either the prudential or the unaffiliated life insurance company were unable to make payments related to the respective annuity contract . the table below presents the estimated cost to replace all such annuities for which the company was contingently liable for the periods indicated: .
Table
( dollars in thousands ) | at december 31 , 2017 | at december 31 , 2016
the prudential insurance company of america | $ 144618 | $ 146507
unaffiliated life insurance company | 34444 | 33860
16 . share-based compensation plans the company has a 2010 stock incentive plan ( 201c2010 employee plan 201d ) , a 2009 non-employee director stock option and restricted stock plan ( 201c2009 director plan 201d ) and a 2003 non-employee director equity compensation plan ( 201c2003 director plan 201d ) . under the 2010 employee plan , 4000000 common shares have been authorized to be granted as non- qualified share options , incentive share options , share appreciation rights , restricted share awards or performance share unit awards to officers and key employees of the company . at december 31 , 2017 , there were 2553473 remaining shares available to be granted under the 2010 employee plan . the 2010 employee plan replaced a 2002 employee plan , which replaced a 1995 employee plan ; therefore , no further awards will be granted under the 2002 employee plan or the 1995 employee plan . through december 31 , 2017 , only non-qualified share options , restricted share awards and performance share unit awards had been granted under the employee plans . under the 2009 director plan , 37439 common shares have been authorized to be granted as share options or restricted share awards to non-employee directors of the company . at december 31 , 2017 , there were 34957 remaining shares available to be granted under the 2009 director plan . the 2009 director plan replaced a 1995 director plan , which expired . under the 2003 director plan , 500000 common shares have been authorized to be granted as share options or share awards to non-employee directors of the company . at december 31 , 2017 there were 346714 remaining shares available to be granted under the 2003 director plan. .
Question:
what is the percentage change in the balance of the prudential insurance company of america from 2016 to 2017?
Important information:
text_8: the company has entered into separate annuity agreements with the prudential insurance of america ( 201cthe prudential 201d ) and an additional unaffiliated life insurance company in which the company has either purchased annuity contracts or become the assignee of annuity proceeds that are meant to settle claim payment obligations in the future .
table_1: ( dollars in thousands ) the the prudential insurance company of america of at december 31 , 2017 is $ 144618 ; the the prudential insurance company of america of at december 31 , 2016 is $ 146507 ;
table_2: ( dollars in thousands ) the unaffiliated life insurance company of at december 31 , 2017 is 34444 ; the unaffiliated life insurance company of at december 31 , 2016 is 33860 ;
Reasoning Steps:
Step: minus2-1(144618, 146507) = -1889
Step: divide2-2(#0, 146507) = -1.3%
Program:
subtract(144618, 146507), divide(#0, 146507)
Program (Nested):
divide(subtract(144618, 146507), 146507)
| finqa478 |
in 2017 what was the ratio of the htm investment securities ( period-end ) compared to investment securities portfolio ( period 2013end )
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_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 ;
table_7: as of or for the year ended december 31 ( in millions ) the investment securities portfolio ( period 2013end ) of 2018 is 260115 ; the investment securities portfolio ( period 2013end ) of 2017 is 247980 ; the investment securities portfolio ( period 2013end ) of 2016 is 286838 ;
Reasoning Steps:
Step: divide2-1(47733, 247980) = 0.19
Program:
divide(47733, 247980)
Program (Nested):
divide(47733, 247980)
| 0.19249 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
in 2017 what was the ratio of the htm investment securities ( period-end ) compared to investment securities portfolio ( period 2013end )
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_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 ;
table_7: as of or for the year ended december 31 ( in millions ) the investment securities portfolio ( period 2013end ) of 2018 is 260115 ; the investment securities portfolio ( period 2013end ) of 2017 is 247980 ; the investment securities portfolio ( period 2013end ) of 2016 is 286838 ;
Reasoning Steps:
Step: divide2-1(47733, 247980) = 0.19
Program:
divide(47733, 247980)
Program (Nested):
divide(47733, 247980)
| finqa479 |
what was the change in receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks between december 31 , 2009 and 2008 , in millions?
Important information:
text_3: 26 .
text_6: the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements .
text_13: 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 .
Reasoning Steps:
Step: minus1-1(59, 60) = -1
Program:
subtract(59, 60)
Program (Nested):
subtract(59, 60)
| -1.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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 the change in receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks between december 31 , 2009 and 2008 , in millions?
Important information:
text_3: 26 .
text_6: the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements .
text_13: 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 .
Reasoning Steps:
Step: minus1-1(59, 60) = -1
Program:
subtract(59, 60)
Program (Nested):
subtract(59, 60)
| finqa480 |
what was the cost per car for the buyout of locomotives in 2012?
Important information:
text_1: cash flows millions 2014 2013 2012 .
text_12: capital investments in 2014 also included $ 99 million for the early buyout of locomotives and freight cars under long-term operating leases , which we exercised due to favorable economic terms and market conditions .
text_14: included in capital investments in 2012 was $ 75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012 , which we exercised due to favorable economic terms and market conditions. .
Reasoning Steps:
Step: multiply2-1(75, const_1000000) = 75000000
Step: divide2-2(#0, 165) = 454545
Program:
multiply(75, const_1000000), divide(#0, 165)
Program (Nested):
divide(multiply(75, const_1000000), 165)
| 454545.45455 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
we have adequate access to capital markets to meet any foreseeable cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . cash flows millions 2014 2013 2012 .
Table
cash flowsmillions | 2014 | 2013 | 2012
cash provided by operating activities | $ 7385 | $ 6823 | $ 6161
cash used in investing activities | -4249 ( 4249 ) | -3405 ( 3405 ) | -3633 ( 3633 )
cash used in financing activities | -2982 ( 2982 ) | -3049 ( 3049 ) | -2682 ( 2682 )
net change in cash and cashequivalents | $ 154 | $ 369 | $ -154 ( 154 )
operating activities higher net income in 2014 increased cash provided by operating activities compared to 2013 , despite higher income tax payments . 2014 income tax payments were higher than 2013 primarily due to higher income , but also because we paid taxes previously deferred by bonus depreciation ( discussed below ) . higher net income in 2013 increased cash provided by operating activities compared to 2012 . in addition , we made payments in 2012 for past wages as a result of national labor negotiations , which reduced cash provided by operating activities in 2012 . lower tax benefits from bonus depreciation ( as discussed below ) partially offset the increases . federal tax law provided for 100% ( 100 % ) bonus depreciation for qualified investments made during 2011 and 50% ( 50 % ) bonus depreciation for qualified investments made during 2012-2013 . as a result , the company deferred a substantial portion of its 2011-2013 income tax expense , contributing to the positive operating cash flow in those years . congress extended 50% ( 50 % ) bonus depreciation for 2014 , but this extension occurred in december and did not have a significant benefit on our income tax payments during 2014 . investing activities higher capital investments , including the early buyout of the long-term operating lease of our headquarters building for approximately $ 261 million , drove the increase in cash used in investing activities compared to 2013 . significant investments also were made for new locomotives , freight cars and containers , and capacity and commercial facility projects . capital investments in 2014 also included $ 99 million for the early buyout of locomotives and freight cars under long-term operating leases , which we exercised due to favorable economic terms and market conditions . lower capital investments in locomotives and freight cars in 2013 drove the decrease in cash used in investing activities compared to 2012 . included in capital investments in 2012 was $ 75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012 , which we exercised due to favorable economic terms and market conditions. .
Question:
what was the cost per car for the buyout of locomotives in 2012?
Important information:
text_1: cash flows millions 2014 2013 2012 .
text_12: capital investments in 2014 also included $ 99 million for the early buyout of locomotives and freight cars under long-term operating leases , which we exercised due to favorable economic terms and market conditions .
text_14: included in capital investments in 2012 was $ 75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012 , which we exercised due to favorable economic terms and market conditions. .
Reasoning Steps:
Step: multiply2-1(75, const_1000000) = 75000000
Step: divide2-2(#0, 165) = 454545
Program:
multiply(75, const_1000000), divide(#0, 165)
Program (Nested):
divide(multiply(75, const_1000000), 165)
| finqa481 |
as part of the employee stock purchase plan what was the percent of the decline in issuance under this plan from 2016 to 2017
Important information:
text_3: for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively .
text_4: as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock .
text_6: stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .
Reasoning Steps:
Step: minus1-1(113941, 130085) = -16144
Step: divide1-2(#0, 130085) = -12.4%
Program:
subtract(113941, 130085), divide(#0, 130085)
Program (Nested):
divide(subtract(113941, 130085), 130085)
| -0.1241 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 ) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan . the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter . for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively . as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock . 12 . stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .
Table
| 2017 | 2016
number of shares repurchased | 9.6 | 8.4
amount paid | $ 610.7 | $ 403.8
weighted average cost per share | $ 63.84 | $ 48.56
as of december 31 , 2017 , there were 0.5 million repurchased shares pending settlement and $ 33.8 million was unpaid and included within other accrued liabilities . in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 . before this , $ 98.4 million remained under a prior authorization . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2017 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.8 billion . in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued . in doing so , the number of our issued shares was reduced by the stated amount . our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital . the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital . there was no effect on our total stockholders 2019 equity position as a result of the change . dividends in october 2017 , our board of directors approved a quarterly dividend of $ 0.345 per share . cash dividends declared were $ 446.3 million , $ 423.8 million and $ 404.3 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , we recorded a quarterly dividend payable of $ 114.4 million to shareholders of record at the close of business on january 2 , 2018 . 13 . earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc . by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the .
Question:
as part of the employee stock purchase plan what was the percent of the decline in issuance under this plan from 2016 to 2017
Important information:
text_3: for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively .
text_4: as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock .
text_6: stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .
Reasoning Steps:
Step: minus1-1(113941, 130085) = -16144
Step: divide1-2(#0, 130085) = -12.4%
Program:
subtract(113941, 130085), divide(#0, 130085)
Program (Nested):
divide(subtract(113941, 130085), 130085)
| finqa482 |
what was the percentage of carrying amount reported on the consolidated balance sheet trading assets from 2007 to 2008?
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 ;
text_10: 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 .
Reasoning Steps:
Step: minus2-1(16254, 26020) = -9766
Step: divide2-2(#0, 26020) = -38%
Program:
subtract(16254, 26020), divide(#0, 26020)
Program (Nested):
divide(subtract(16254, 26020), 26020)
| -0.37533 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 percentage of carrying amount reported on the consolidated balance sheet trading assets from 2007 to 2008?
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 ;
text_10: 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 .
Reasoning Steps:
Step: minus2-1(16254, 26020) = -9766
Step: divide2-2(#0, 26020) = -38%
Program:
subtract(16254, 26020), divide(#0, 26020)
Program (Nested):
divide(subtract(16254, 26020), 26020)
| finqa483 |
what was the difference in dollars of the high low sale price for the common stock in the third quarter of 2002?
Important information:
table_1: 2002 first quarter the second quarter of high $ 17.84 is 9.17 ; the second quarter of low $ 4.11 is 3.55 ; the second quarter of 2001 first quarter is second quarter ; the second quarter of high $ 60.15 is 52.25 ; the second quarter of low $ 41.30 is 39.95 ;
table_2: 2002 first quarter the third quarter of high $ 17.84 is 4.61 ; the third quarter of low $ 4.11 is 1.56 ; the third quarter of 2001 first quarter is third quarter ; the third quarter of high $ 60.15 is 44.50 ; the third quarter of low $ 41.30 is 12.00 ;
table_3: 2002 first quarter the fourth quarter of high $ 17.84 is 3.57 ; the fourth quarter of low $ 4.11 is 0.95 ; the fourth quarter of 2001 first quarter is fourth quarter ; the fourth quarter of high $ 60.15 is 17.80 ; the fourth quarter of low $ 41.30 is 11.60 ;
Reasoning Steps:
Step: minus2-1(4.61, 1.56) = 3.05
Program:
subtract(4.61, 1.56)
Program (Nested):
subtract(4.61, 1.56)
| 3.05 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii item 5 2014market for registrant 2019s common equity and related stockholder matters market information . the common stock of the company is currently traded on the new york stock exchange ( nyse ) under the symbol 2018 2018aes . 2019 2019 the following tables set forth the high and low sale prices for the common stock as reported by the nyse for the periods indicated . price range of common stock .
Table
2002 first quarter | high $ 17.84 | low $ 4.11 | 2001 first quarter | high $ 60.15 | low $ 41.30
second quarter | 9.17 | 3.55 | second quarter | 52.25 | 39.95
third quarter | 4.61 | 1.56 | third quarter | 44.50 | 12.00
fourth quarter | 3.57 | 0.95 | fourth quarter | 17.80 | 11.60
holders . as of march 3 , 2003 , there were 9663 record holders of the company 2019s common stock , par value $ 0.01 per share . dividends . under the terms of the company 2019s senior secured credit facilities entered into with a commercial bank syndicate , the company is not allowed to pay cash dividends . in addition , the company is precluded from paying cash dividends on its common stock under the terms of a guaranty to the utility customer in connection with the aes thames project in the event certain net worth and liquidity tests of the company are not met . the ability of the company 2019s project subsidiaries to declare and pay cash dividends to the company is subject to certain limitations in the project loans , governmental provisions and other agreements entered into by such project subsidiaries . securities authorized for issuance under equity compensation plans . see the information contained under the caption 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on may 1 , 2003 , which information is incorporated herein by reference. .
Question:
what was the difference in dollars of the high low sale price for the common stock in the third quarter of 2002?
Important information:
table_1: 2002 first quarter the second quarter of high $ 17.84 is 9.17 ; the second quarter of low $ 4.11 is 3.55 ; the second quarter of 2001 first quarter is second quarter ; the second quarter of high $ 60.15 is 52.25 ; the second quarter of low $ 41.30 is 39.95 ;
table_2: 2002 first quarter the third quarter of high $ 17.84 is 4.61 ; the third quarter of low $ 4.11 is 1.56 ; the third quarter of 2001 first quarter is third quarter ; the third quarter of high $ 60.15 is 44.50 ; the third quarter of low $ 41.30 is 12.00 ;
table_3: 2002 first quarter the fourth quarter of high $ 17.84 is 3.57 ; the fourth quarter of low $ 4.11 is 0.95 ; the fourth quarter of 2001 first quarter is fourth quarter ; the fourth quarter of high $ 60.15 is 17.80 ; the fourth quarter of low $ 41.30 is 11.60 ;
Reasoning Steps:
Step: minus2-1(4.61, 1.56) = 3.05
Program:
subtract(4.61, 1.56)
Program (Nested):
subtract(4.61, 1.56)
| finqa484 |
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 s&p 500 index?
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_2: the s&p 500 index of 12/31/01 is $ 100.00 ; the s&p 500 index of 12/31/02 is $ 77.90 ; the s&p 500 index of 12/31/03 is $ 100.24 ; the s&p 500 index of 12/31/04 is $ 111.15 ; the s&p 500 index of 12/31/05 is $ 116.61 ; the s&p 500 index of 12/31/06 is $ 135.02 ;
Reasoning Steps:
Step: minus1-1(148.92, const_100) = 48.92
Step: minus1-2(135.02, const_100) = 35.02
Step: minus1-3(#0, #1) = 13.9
Program:
subtract(148.92, const_100), subtract(135.02, const_100), subtract(#0, #1)
Program (Nested):
subtract(subtract(148.92, const_100), subtract(135.02, const_100))
| 13.9 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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 s&p 500 index?
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_2: the s&p 500 index of 12/31/01 is $ 100.00 ; the s&p 500 index of 12/31/02 is $ 77.90 ; the s&p 500 index of 12/31/03 is $ 100.24 ; the s&p 500 index of 12/31/04 is $ 111.15 ; the s&p 500 index of 12/31/05 is $ 116.61 ; the s&p 500 index of 12/31/06 is $ 135.02 ;
Reasoning Steps:
Step: minus1-1(148.92, const_100) = 48.92
Step: minus1-2(135.02, const_100) = 35.02
Step: minus1-3(#0, #1) = 13.9
Program:
subtract(148.92, const_100), subtract(135.02, const_100), subtract(#0, #1)
Program (Nested):
subtract(subtract(148.92, const_100), subtract(135.02, const_100))
| finqa485 |
what on the net interest reduction of 13 million or 23% ( 23 % ) compared to 2015 what was the interest amount in 2016 in millions
Important information:
text_3: interest , net 2014interest , net for the fiscal year ended june 30 , 2016 decreased $ 13 million , or 23% ( 23 % ) , as compared to fiscal 2015 , primarily due to the negative impact of foreign currency fluctuations and interest expense associated with the rea facility .
table_1: ( in millions ) the gain on iproperty transaction ( a ) of for the fiscal years ended june 30 , 2016 is $ 29 ; the gain on iproperty transaction ( a ) of for the fiscal years ended june 30 , 2015 is $ 2014 ;
text_12: income tax benefit ( expense ) 2014the company 2019s income tax benefit and effective tax rate for the fiscal year ended june 30 , 2016 were $ 54 million and ( 30% ( 30 % ) ) , respectively , as compared to an income tax expense and effective tax rate of $ 185 million and 34% ( 34 % ) , respectively , for fiscal 2015 .
Reasoning Steps:
Step: divide1-1(13, 23%) = 56.5
Step: add1-2(#0, 13) = 69.5
Program:
divide(13, 23%), add(#0, 13)
Program (Nested):
add(divide(13, 23%), 13)
| 69.52174 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
increased investment in programming to support subscriber growth , higher offer costs and continued investment in presto , partially offset by lower depreciation expense resulting from foxtel 2019s reassessment of the useful lives of cable and satellite installations . net income decreased as a result of the lower operating income noted above , partially offset by lower income tax expense . ( b ) other equity affiliates , net for the fiscal year ended june 30 , 2016 includes losses primarily from the company 2019s interests in draftstars and elara technologies , which owns proptiger . interest , net 2014interest , net for the fiscal year ended june 30 , 2016 decreased $ 13 million , or 23% ( 23 % ) , as compared to fiscal 2015 , primarily due to the negative impact of foreign currency fluctuations and interest expense associated with the rea facility . ( see note 9 to the consolidated financial statements ) . other , net 2014 for the fiscal years ended june 30 .
Table
( in millions ) | for the fiscal years ended june 30 , 2016 | for the fiscal years ended june 30 , 2015
gain on iproperty transaction ( a ) | $ 29 | $ 2014
impairment of marketable securities and cost method investments ( b ) | -21 ( 21 ) | -5 ( 5 )
gain on sale of marketable securities ( c ) | 2014 | 29
dividends received from cost method investments | 2014 | 25
gain on sale of cost method investments | 2014 | 15
other | 10 | 11
total other net | $ 18 | $ 75
( a ) rea group recognized a gain of $ 29 million resulting from the revaluation of its previously held equity interest in iproperty during the fiscal year ended june 30 , 2016 . ( see note 3 to the consolidated financial statements ) . ( b ) the company recorded write-offs and impairments of certain investments in the fiscal years ended june 30 , 2016 and 2015 . these write-offs and impairments were taken either as a result of the deteriorating financial position of the investee or due to an other-than-temporary impairment resulting from sustained losses and limited prospects for recovery . ( see note 6 to the consolidated financial statements. ) ( c ) in august 2014 , rea group completed the sale of a minority interest held in marketable securities for total cash consideration of $ 104 million . as a result of the sale , rea group recognized a pre-tax gain of $ 29 million , which was reclassified out of accumulated other comprehensive income and included in other , net in the statement of operations . income tax benefit ( expense ) 2014the company 2019s income tax benefit and effective tax rate for the fiscal year ended june 30 , 2016 were $ 54 million and ( 30% ( 30 % ) ) , respectively , as compared to an income tax expense and effective tax rate of $ 185 million and 34% ( 34 % ) , respectively , for fiscal 2015 . for the fiscal years ended june 30 , 2016 the company recorded a tax benefit of $ 54 million on pre-tax income of $ 181 million resulting in an effective tax rate that was lower than the u.s . statutory tax . the lower tax rate was primarily due to a tax benefit of approximately $ 106 million related to the release of previously established valuation allowances related to certain u.s . federal net operating losses and state deferred tax assets . this benefit was recognized in conjunction with management 2019s plan to dispose of the company 2019s digital education business in the first quarter of fiscal 2016 , as the company now expects to generate sufficient u.s . taxable income to utilize these deferred tax assets prior to expiration . in addition , the effective tax rate was also impacted by the $ 29 million non-taxable gain resulting from the revaluation of rea group 2019s previously held equity interest in iproperty . for the fiscal year ended june 30 , 2015 , the company 2019s effective tax rate was lower than the u.s . statutory tax rate primarily due to the impact from foreign operations which are subject to lower tax rates , partially offset by the impact of nondeductible items and changes in our accrued liabilities for uncertain tax positions . ( see note 18 to the consolidated financial statements ) . .
Question:
what on the net interest reduction of 13 million or 23% ( 23 % ) compared to 2015 what was the interest amount in 2016 in millions
Important information:
text_3: interest , net 2014interest , net for the fiscal year ended june 30 , 2016 decreased $ 13 million , or 23% ( 23 % ) , as compared to fiscal 2015 , primarily due to the negative impact of foreign currency fluctuations and interest expense associated with the rea facility .
table_1: ( in millions ) the gain on iproperty transaction ( a ) of for the fiscal years ended june 30 , 2016 is $ 29 ; the gain on iproperty transaction ( a ) of for the fiscal years ended june 30 , 2015 is $ 2014 ;
text_12: income tax benefit ( expense ) 2014the company 2019s income tax benefit and effective tax rate for the fiscal year ended june 30 , 2016 were $ 54 million and ( 30% ( 30 % ) ) , respectively , as compared to an income tax expense and effective tax rate of $ 185 million and 34% ( 34 % ) , respectively , for fiscal 2015 .
Reasoning Steps:
Step: divide1-1(13, 23%) = 56.5
Step: add1-2(#0, 13) = 69.5
Program:
divide(13, 23%), add(#0, 13)
Program (Nested):
add(divide(13, 23%), 13)
| finqa486 |
what is the total return of the kbw bank index over the above refernced five year period?
Important information:
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_2: december 31 ( in dollars ) the kbw bank index of 2009 is 100.00 ; the kbw bank index of 2010 is 123.36 ; the kbw bank index of 2011 is 94.75 ; the kbw bank index of 2012 is 125.91 ; the kbw bank index of 2013 is 173.45 ; the kbw bank index of 2014 is 189.69 ;
table_4: december 31 ( in dollars ) the s&p 500 index of 2009 is 100.00 ; the s&p 500 index of 2010 is 115.06 ; the s&p 500 index of 2011 is 117.48 ; the s&p 500 index of 2012 is 136.27 ; the s&p 500 index of 2013 is 180.39 ; the s&p 500 index of 2014 is 205.07 ;
Reasoning Steps:
Step: minus2-1(189.69, const_100) = 89.69
Step: divide2-2(#0, const_100) = 89.69%
Program:
subtract(189.69, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(189.69, const_100), const_100)
| 0.8969 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 kbw bank index over the above refernced five year period?
Important information:
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_2: december 31 ( in dollars ) the kbw bank index of 2009 is 100.00 ; the kbw bank index of 2010 is 123.36 ; the kbw bank index of 2011 is 94.75 ; the kbw bank index of 2012 is 125.91 ; the kbw bank index of 2013 is 173.45 ; the kbw bank index of 2014 is 189.69 ;
table_4: december 31 ( in dollars ) the s&p 500 index of 2009 is 100.00 ; the s&p 500 index of 2010 is 115.06 ; the s&p 500 index of 2011 is 117.48 ; the s&p 500 index of 2012 is 136.27 ; the s&p 500 index of 2013 is 180.39 ; the s&p 500 index of 2014 is 205.07 ;
Reasoning Steps:
Step: minus2-1(189.69, const_100) = 89.69
Step: divide2-2(#0, const_100) = 89.69%
Program:
subtract(189.69, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(189.69, const_100), const_100)
| finqa487 |
considering the years 2014-2016 , what is the highest interest expense observed?
Important information:
text_10: interest expense .
table_1: the interest incurred of 2016 is $ 148.4 ; the interest incurred of 2015 is $ 152.6 ; the interest incurred of 2014 is $ 158.1 ;
table_3: the interest expense of 2016 is $ 115.5 ; the interest expense of 2015 is $ 103.5 ; the interest expense of 2014 is $ 125.1 ;
Reasoning Steps:
Step: max1-1(interest expense, none) = 125.1
Program:
table_max(interest expense, none)
Program (Nested):
table_max(interest expense, none)
| 125.1 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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 24 , supplemental information , to the consolidated financial statements . 2016 vs . 2015 other income ( expense ) , net of $ 58.1 increased $ 10.8 primarily due to lower foreign exchange losses , favorable contract settlements , and receipt of a government subsidy . the prior year included a gain of $ 33.6 ( $ 28.3 after-tax , or $ .13 per share ) resulting from the sale of two parcels of land . no other individual items were significant in comparison to the prior year . 2015 vs . 2014 other income ( expense ) , net of $ 47.3 decreased $ 5.5 and included a gain of $ 33.6 ( $ 28.3 after-tax , or $ .13 per share ) resulting from the sale of two parcels of land . the gain was partially offset by unfavorable foreign exchange impacts and lower gains on other sales of assets and emissions credits . no other individual items were significant in comparison to fiscal year 2014 . interest expense .
Table
| 2016 | 2015 | 2014
interest incurred | $ 148.4 | $ 152.6 | $ 158.1
less : capitalized interest | 32.9 | 49.1 | 33.0
interest expense | $ 115.5 | $ 103.5 | $ 125.1
2016 vs . 2015 interest incurred decreased $ 4.2 . the decrease primarily resulted from a stronger u.s . dollar on the translation of foreign currency interest of $ 6 , partially offset by a higher average debt balance of $ 2 . the change in capitalized interest was driven by a decrease in the carrying value of projects under construction , primarily as a result of our exit from the energy-from-waste business . 2015 vs . 2014 interest incurred decreased $ 5.5 . the decrease was driven by the impact of a stronger u.s . dollar on the translation of foreign currency interest of $ 12 , partially offset by a higher average debt balance of $ 7 . the change in capitalized interest was driven by a higher carrying value in construction in progress . loss on extinguishment of debt on 30 september 2016 , in anticipation of the versum spin-off , versum issued $ 425.0 of notes to air products , who then exchanged these notes with certain financial institutions for $ 418.3 of air products 2019 outstanding commercial paper . the exchange resulted in a loss of $ 6.9 ( $ 4.3 after-tax , or $ .02 per share ) . in september 2015 , we made a payment of $ 146.6 to redeem 3000000 unidades de fomento ( 201cuf 201d ) series e 6.30% ( 6.30 % ) bonds due 22 january 2030 that had a carrying value of $ 130.0 and resulted in a net loss of $ 16.6 ( $ 14.2 after-tax , or $ .07 per share ) . effective tax rate the effective tax rate equals the income tax provision divided by income from continuing operations before taxes . refer to note 23 , income taxes , to the consolidated financial statements for details on factors affecting the effective tax rate . 2016 vs . 2015 on a gaap basis , the effective tax rate was 27.5% ( 27.5 % ) and 24.0% ( 24.0 % ) in 2016 and 2015 , respectively . the change included a 240 bp impact from tax costs associated with business separation , primarily resulting from a dividend declared in 2016 to repatriate cash from a foreign subsidiary , as discussed above in 201cbusiness separation costs . 201d the remaining 110 bp change was primarily due to the increase in mix of income in jurisdictions with a higher effective tax rate and the impact of business separation costs for which a tax benefit was not available . on a non- gaap basis , the effective tax rate increased from 24.2% ( 24.2 % ) in 2015 to 24.8% ( 24.8 % ) in 2016 , primarily due to the increase in and mix of income in jurisdictions with a higher effective tax rate. .
Question:
considering the years 2014-2016 , what is the highest interest expense observed?
Important information:
text_10: interest expense .
table_1: the interest incurred of 2016 is $ 148.4 ; the interest incurred of 2015 is $ 152.6 ; the interest incurred of 2014 is $ 158.1 ;
table_3: the interest expense of 2016 is $ 115.5 ; the interest expense of 2015 is $ 103.5 ; the interest expense of 2014 is $ 125.1 ;
Reasoning Steps:
Step: max1-1(interest expense, none) = 125.1
Program:
table_max(interest expense, none)
Program (Nested):
table_max(interest expense, none)
| finqa488 |
what is the percentage change in the amount of guarantees from parent company from 2007 to 2008?
Important information:
text_0: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
text_1: the amount of such parent company guarantees was $ 255.7 and $ 327.1 as of december 31 , 2008 and 2007 , respectively .
table_5: the total of 2009 is $ 76.7 ; the total of 2010 is $ 65.1 ; the total of 2011 is $ 103.0 ; the total of 2012 is $ 74.6 ; the total of 2013 is $ 75.6 ; the total of thereafter is $ 2.2 ; the total of total is $ 397.2 ;
Key Information: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
Reasoning Steps:
Step: minus2-1(255.7, 327.1) = -71
Step: divide2-2(#0, 327.1) = -21.8%
Program:
subtract(255.7, 327.1), divide(#0, 327.1)
Program (Nested):
divide(subtract(255.7, 327.1), 327.1)
| -0.21828 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases . the amount of such parent company guarantees was $ 255.7 and $ 327.1 as of december 31 , 2008 and 2007 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2008 , there are no material assets pledged as security for such parent company guarantees . contingent acquisition obligations we have structured certain acquisitions with additional contingent purchase price obligations in order to reduce the potential risk associated with negative future performance of the acquired entity . in addition , we have entered into agreements that may require us to purchase additional equity interests in certain consolidated and unconsolidated subsidiaries . the amounts relating to these transactions are based on estimates of the future financial performance of the acquired entity , the timing of the exercise of these rights , changes in foreign currency exchange rates and other factors . we have not recorded a liability for these items since the definitive amounts payable are not determinable or distributable . when the contingent acquisition obligations have been met and consideration is determinable and distributable , we record the fair value of this consideration as an additional cost of the acquired entity . however , certain acquisitions contain deferred payments that are fixed and determinable on the acquisition date . in such cases , we record a liability for the payment and record this consideration as an additional cost of the acquired entity on the acquisition date . if deferred payments and purchases of additional interests after the effective date of purchase are contingent upon the future employment of the former owners then we recognize these payments as compensation expense . compensation expense is determined based on the terms and conditions of the respective acquisition agreements and employment terms of the former owners of the acquired businesses . this future expense will not be allocated to the assets and liabilities acquired and is amortized over the required employment terms of the former owners . the following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid in the event of exercise at the earliest exercise date . we have certain put options that are exercisable at the discretion of the minority owners as of december 31 , 2008 . as such , these estimated acquisition payments of $ 5.5 have been included within the total payments expected to be made in 2009 in the table below and , if not made in 2009 , will continue to carry forward into 2010 or beyond until they are exercised or expire . all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress . as of december 31 , 2008 , our estimated future contingent acquisition obligations payable in cash are as follows: .
Table
| 2009 | 2010 | 2011 | 2012 | 2013 | thereafter | total
deferred acquisition payments | $ 67.5 | $ 32.1 | $ 30.1 | $ 4.5 | $ 5.7 | $ 2014 | $ 139.9
put and call options with affiliates1 | 11.8 | 34.3 | 73.6 | 70.8 | 70.2 | 2.2 | 262.9
total contingent acquisition payments | 79.3 | 66.4 | 103.7 | 75.3 | 75.9 | 2.2 | 402.8
less cash compensation expense included above | 2.6 | 1.3 | 0.7 | 0.7 | 0.3 | 2014 | 5.6
total | $ 76.7 | $ 65.1 | $ 103.0 | $ 74.6 | $ 75.6 | $ 2.2 | $ 397.2
1 we have entered into certain acquisitions that contain both put and call options with similar terms and conditions . in such instances , we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable . as a result of revisions made during 2008 to eitf topic no . d-98 , classification and measurement of redeemable securities ( 201ceitf d-98 201d ) .
Question:
what is the percentage change in the amount of guarantees from parent company from 2007 to 2008?
Important information:
text_0: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
text_1: the amount of such parent company guarantees was $ 255.7 and $ 327.1 as of december 31 , 2008 and 2007 , respectively .
table_5: the total of 2009 is $ 76.7 ; the total of 2010 is $ 65.1 ; the total of 2011 is $ 103.0 ; the total of 2012 is $ 74.6 ; the total of 2013 is $ 75.6 ; the total of thereafter is $ 2.2 ; the total of total is $ 397.2 ;
Key Information: notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .
Reasoning Steps:
Step: minus2-1(255.7, 327.1) = -71
Step: divide2-2(#0, 327.1) = -21.8%
Program:
subtract(255.7, 327.1), divide(#0, 327.1)
Program (Nested):
divide(subtract(255.7, 327.1), 327.1)
| finqa489 |
what is the percentage change in amortization expense from from 2007 to 2008?
Important information:
table_5: the less accumulated amortization of 2004 is -517444 ( 517444 ) ; the less accumulated amortization of 2003 is -434381 ( 434381 ) ;
text_11: amortization of intangible assets for the years ended december 31 , 2004 and 2003 aggregated approximately $ 97.8 million and $ 94.6 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .
text_12: the company expects to record amortization expense of approximately $ 97.8 million , $ 95.9 million , $ 92.0 million , $ 90.5 million and $ 88.8 million , respectively , for the years ended december 31 , 2005 , 2006 , 2007 , 2008 and 2009 , respectively .
Reasoning Steps:
Step: minus2-1(95.9, 92.0) = 3.9
Step: divide2-2(#0, 92.0) = 4.2%
Program:
subtract(95.9, 92.0), divide(#0, 92.0)
Program (Nested):
divide(subtract(95.9, 92.0), 92.0)
| 0.04239 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) a description of the company 2019s reporting units and the results of the related transitional impairment testing are as follows : verestar 2014verestar was a single segment and reporting unit until december 2002 , when the company committed to a plan to dispose of verestar . the company recorded an impairment charge of $ 189.3 million relating to the impairment of goodwill in this reporting unit . the fair value of this reporting unit was determined based on an independent third party appraisal . network development services 2014as of january 1 , 2002 , the reporting units in the company 2019s network development services segment included kline , specialty constructors , galaxy , mts components and flash technologies . the company estimated the fair value of these reporting units utilizing future discounted cash flows and market information as to the value of each reporting unit on january 1 , 2002 . the company recorded an impairment charge of $ 387.8 million for the year ended december 31 , 2002 related to the impairment of goodwill within these reporting units . such charge included full impairment for all of the goodwill within the reporting units except kline , for which only a partial impairment was recorded . as discussed in note 2 , the assets of all of these reporting units were sold as of december 31 , 2003 , except for those of kline and our tower construction services unit , which were sold in march and november 2004 , respectively . rental and management 2014the company obtained an independent third party appraisal of the rental and management reporting unit that contains goodwill and determined that goodwill was not impaired . the company 2019s other intangible assets subject to amortization consist of the following as of december 31 , ( in thousands ) : .
Table
| 2004 | 2003
acquired customer base and network location intangibles | $ 1369607 | $ 1299521
deferred financing costs | 89736 | 111484
acquired licenses and other intangibles | 43404 | 43125
total | 1502747 | 1454130
less accumulated amortization | -517444 ( 517444 ) | -434381 ( 434381 )
other intangible assets net | $ 985303 | $ 1019749
the company amortizes its intangible assets over periods ranging from three to fifteen years . amortization of intangible assets for the years ended december 31 , 2004 and 2003 aggregated approximately $ 97.8 million and $ 94.6 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) . the company expects to record amortization expense of approximately $ 97.8 million , $ 95.9 million , $ 92.0 million , $ 90.5 million and $ 88.8 million , respectively , for the years ended december 31 , 2005 , 2006 , 2007 , 2008 and 2009 , respectively . 5 . notes receivable in 2000 , the company loaned tv azteca , s.a . de c.v . ( tv azteca ) , the owner of a major national television network in mexico , $ 119.8 million . the loan , which initially bore interest at 12.87% ( 12.87 % ) , payable quarterly , was discounted by the company , as the fair value interest rate at the date of the loan was determined to be 14.25% ( 14.25 % ) . the loan was amended effective january 1 , 2003 to increase the original interest rate to 13.11% ( 13.11 % ) . as of december 31 , 2004 , and 2003 , approximately $ 119.8 million undiscounted ( $ 108.2 million discounted ) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets . the term of the loan is seventy years ; however , the loan may be prepaid by tv .
Question:
what is the percentage change in amortization expense from from 2007 to 2008?
Important information:
table_5: the less accumulated amortization of 2004 is -517444 ( 517444 ) ; the less accumulated amortization of 2003 is -434381 ( 434381 ) ;
text_11: amortization of intangible assets for the years ended december 31 , 2004 and 2003 aggregated approximately $ 97.8 million and $ 94.6 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .
text_12: the company expects to record amortization expense of approximately $ 97.8 million , $ 95.9 million , $ 92.0 million , $ 90.5 million and $ 88.8 million , respectively , for the years ended december 31 , 2005 , 2006 , 2007 , 2008 and 2009 , respectively .
Reasoning Steps:
Step: minus2-1(95.9, 92.0) = 3.9
Step: divide2-2(#0, 92.0) = 4.2%
Program:
subtract(95.9, 92.0), divide(#0, 92.0)
Program (Nested):
divide(subtract(95.9, 92.0), 92.0)
| finqa490 |
as of december 31 , 2015 , what was the maximum premium on the dp&l preferred stock?
Important information:
table_3: december 31, the ipl preferred stock of 2016 is 60 ; the ipl preferred stock of 2015 is 60 ;
table_5: december 31, the dpl preferred stock of 2016 is 2014 ; the dpl preferred stock of 2015 is 18 ;
text_9: dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl .
Reasoning Steps:
Step: minus2-1(103, const_100) = 3
Step: divide2-2(#0, const_100) = 3%
Program:
subtract(103, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(103, const_100), const_100)
| 0.03 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .
Table
december 31, | 2016 | 2015
ipalco common stock | $ 618 | $ 460
colon quotas ( 1 ) | 100 | 2014
ipl preferred stock | 60 | 60
other common stock | 4 | 2014
dpl preferred stock | 2014 | 18
total redeemable stock of subsidiaries | $ 782 | $ 538
_____________________________ ( 1 ) characteristics of quotas are similar to common stock . colon 2014 during the year ended december 31 , 2016 , our partner in colon increased their ownership from 25% ( 25 % ) to 49.9% ( 49.9 % ) and made capital contributions of $ 106 million . any subsequent adjustments to allocate earnings and dividends to our partner , or measure the investment at fair value , will be classified as temporary equity each reporting period as it is probable that the shares will become redeemable . ipl 2014 ipl had $ 60 million of cumulative preferred stock outstanding at december 31 , 2016 and 2015 , which represented five series of preferred stock . the total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 . certain series of the preferred stock were redeemable solely at the option of the issuer at prices between $ 100 and $ 118 per share . holders of the preferred stock are entitled to elect a majority of ipl's board of directors if ipl has not paid dividends to its preferred stockholders for four consecutive quarters . based on the preferred stockholders' ability to elect a majority of ipl's board of directors in this circumstance , the redemption of the preferred shares is considered to be not solely within the control of the issuer and the preferred stock is considered temporary equity . dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl . the dp&l preferred stock was redeemable at dp&l's option as determined by its board of directors at per-share redemption prices between $ 101 and $ 103 per share , plus cumulative preferred dividends . in addition , dp&l's amended articles of incorporation contained provisions that permitted preferred stockholders to elect members of the dp&l board of directors in the event that cumulative dividends on the preferred stock are in arrears in an aggregate amount equivalent to at least four full quarterly dividends . based on the preferred stockholders' ability to elect members of dp&l's board of directors in this circumstance , the redemption of the preferred shares was considered to be not solely within the control of the issuer and the preferred stock was considered temporary equity . in september 2016 , it became probable that the preferred shares would become redeemable . as such , the company recorded an adjustment of $ 5 million to retained earnings to adjust the preferred shares to their redemption value of $ 23 million . in october 2016 , dp&l redeemed all of its preferred shares . upon redemption , the preferred shares were no longer outstanding and all rights of the holders thereof as shareholders of dp&l ceased to exist . ipalco 2014 in february 2015 , cdpq purchased 15% ( 15 % ) of aes us investment , inc. , a wholly-owned subsidiary that owns 100% ( 100 % ) of ipalco , for $ 247 million , with an option to invest an additional $ 349 million in ipalco through 2016 in exchange for a 17.65% ( 17.65 % ) equity stake . in april 2015 , cdpq invested an additional $ 214 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 24.90% ( 24.90 % ) . as a result of these transactions , $ 84 million in taxes and transaction costs were recognized as a net decrease to equity . the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of 377 million for the excess of the fair value of the shares over their book value . no gain or loss was recognized in net income as the transaction was not considered to be a sale of in-substance real estate . in march 2016 , cdpq exercised its remaining option by investing $ 134 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 30% ( 30 % ) . the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of $ 84 million for the excess of the fair value of the shares over their book value . in june 2016 , cdpq contributed an additional $ 24 million to ipalco , with no impact to the ownership structure of the investment . any subsequent adjustments to allocate earnings and dividends to cdpq will be classified as nci within permanent equity as it is not probable that the shares will become redeemable. .
Question:
as of december 31 , 2015 , what was the maximum premium on the dp&l preferred stock?
Important information:
table_3: december 31, the ipl preferred stock of 2016 is 60 ; the ipl preferred stock of 2015 is 60 ;
table_5: december 31, the dpl preferred stock of 2016 is 2014 ; the dpl preferred stock of 2015 is 18 ;
text_9: dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl .
Reasoning Steps:
Step: minus2-1(103, const_100) = 3
Step: divide2-2(#0, const_100) = 3%
Program:
subtract(103, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(103, const_100), const_100)
| finqa491 |
what was the sum of the annual long-term debt maturities due in five years
Important information:
table_2: the 2017 of amount ( in thousands ) is $ 766451 ;
table_3: the 2018 of amount ( in thousands ) is $ 822690 ;
table_4: the 2019 of amount ( in thousands ) is $ 768588 ;
Reasoning Steps:
Step: add1-1(204079, 766451) = 970530
Step: add1-2(#0, 822690) = 1793220
Step: add1-3(#1, 768588) = 2561808
Step: add1-4(#2, 1631181) = 4192989
Program:
add(204079, 766451), add(#0, 822690), add(#1, 768588), add(#2, 1631181)
Program (Nested):
add(add(add(add(204079, 766451), 822690), 768588), 1631181)
| 4192989.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt . ( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations . ( e ) the fair value excludes lease obligations of $ 109 million at entergy louisiana and $ 34 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 35 million at entergy , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .
Table
| amount ( in thousands )
2016 | $ 204079
2017 | $ 766451
2018 | $ 822690
2019 | $ 768588
2020 | $ 1631181
in november 2000 , entergy 2019s 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 in 2001 resulted in entergy 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 . as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date . with the planned shutdown of fitzpatrick at the end of its current fuel cycle , entergy reduced this liability by $ 26.4 million in 2015 pursuant to the terms of the purchase agreement . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 . entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to: .
Question:
what was the sum of the annual long-term debt maturities due in five years
Important information:
table_2: the 2017 of amount ( in thousands ) is $ 766451 ;
table_3: the 2018 of amount ( in thousands ) is $ 822690 ;
table_4: the 2019 of amount ( in thousands ) is $ 768588 ;
Reasoning Steps:
Step: add1-1(204079, 766451) = 970530
Step: add1-2(#0, 822690) = 1793220
Step: add1-3(#1, 768588) = 2561808
Step: add1-4(#2, 1631181) = 4192989
Program:
add(204079, 766451), add(#0, 822690), add(#1, 768588), add(#2, 1631181)
Program (Nested):
add(add(add(add(204079, 766451), 822690), 768588), 1631181)
| finqa492 |
how much more , in percent , was spent on october shares than november shares?
Important information:
text_0: 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_1: the october 1-31 of total number of shares purchased is 29704 ; the october 1-31 of average price paid per share2 is $ 5.99 ; the october 1-31 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the october 1-31 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
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 ;
Reasoning Steps:
Step: multiply1-1(29704, 5.99) = 177926.96
Step: multiply1-2(4468, 3.24) = 14476.32
Step: divide1-3(#0, #1) = 12.29
Step: multiply1-4(#2, const_100) = 1229
Program:
multiply(29704, 5.99), multiply(4468, 3.24), divide(#0, #1), multiply(#2, const_100)
Program (Nested):
multiply(divide(multiply(29704, 5.99), multiply(4468, 3.24)), const_100)
| 1229.08971 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
how much more , in percent , was spent on october shares than november shares?
Important information:
text_0: 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_1: the october 1-31 of total number of shares purchased is 29704 ; the october 1-31 of average price paid per share2 is $ 5.99 ; the october 1-31 of total number of shares purchased as part of publicly announced plans or programs is 2014 ; the october 1-31 of maximum number ofshares that may yet be purchased under the plans or programs is 2014 ;
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 ;
Reasoning Steps:
Step: multiply1-1(29704, 5.99) = 177926.96
Step: multiply1-2(4468, 3.24) = 14476.32
Step: divide1-3(#0, #1) = 12.29
Step: multiply1-4(#2, const_100) = 1229
Program:
multiply(29704, 5.99), multiply(4468, 3.24), divide(#0, #1), multiply(#2, const_100)
Program (Nested):
multiply(divide(multiply(29704, 5.99), multiply(4468, 3.24)), const_100)
| finqa493 |
in millions , what was the change in the estimated sensitivity to a one basis point increase in credit spreads on financial liabilities for which the fair value option was elected between december 2017 and december 2016?
Important information:
text_13: the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million and $ 2 million ( including hedges ) as of december 2017 and december 2016 , respectively .
text_14: in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 35 million and $ 25 million as of december 2017 and december 2016 , respectively .
text_18: as of december 2017 and december 2016 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 527 million and $ 405 million , respectively , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans .
Reasoning Steps:
Step: minus1-1(35, 25) = 10
Program:
subtract(35, 25)
Program (Nested):
subtract(35, 25)
| 10.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure . other sensitivity measures we use to analyze market risk are described below . 10% ( 10 % ) sensitivity measures . the table below presents market risk for positions , accounted for at fair value , that are not included in var by asset category. .
Table
$ in millions | as of december 2017 | as of december 2016 | as of december 2015
equity | $ 2096 | $ 2085 | $ 2157
debt | 1606 | 1702 | 1479
total | $ 3702 | $ 3787 | $ 3636
in the table above : 2030 the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the value of these positions . 2030 equity positions relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds . 2030 debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans . 2030 equity and debt funded positions are included in our consolidated statements of financial condition in financial instruments owned . see note 6 to the consolidated financial statements for further information about cash instruments . 2030 these measures do not reflect the diversification effect across asset categories or across other market risk measures . credit spread sensitivity on derivatives and financial liabilities . var excludes the impact of changes in counterparty and our own credit spreads on derivatives , as well as changes in our own credit spreads ( debt valuation adjustment ) on financial liabilities for which the fair value option was elected . the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million and $ 2 million ( including hedges ) as of december 2017 and december 2016 , respectively . in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 35 million and $ 25 million as of december 2017 and december 2016 , respectively . however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those financial liabilities for which the fair value option was elected , as well as the relative performance of any hedges undertaken . interest rate sensitivity . loans receivable as of december 2017 and december 2016 were $ 65.93 billion and $ 49.67 billion , respectively , substantially all of which had floating interest rates . as of december 2017 and december 2016 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 527 million and $ 405 million , respectively , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans . see note 9 to the consolidated financial statements for further information about loans receivable . other market risk considerations as of december 2017 and december 2016 , we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group , inc . see note 18 to the consolidated financial statements for further information about such lending commitments . in addition , we make investments in securities that are accounted for as available-for-sale and included in financial instruments owned in the consolidated statements of financial condition . see note 6 to the consolidated financial statements for further information . we also make investments accounted for under the equity method and we also make direct investments in real estate , both of which are included in other assets . direct investments in real estate are accounted for at cost less accumulated depreciation . see note 13 to the consolidated financial statements for further information about other assets . goldman sachs 2017 form 10-k 93 .
Question:
in millions , what was the change in the estimated sensitivity to a one basis point increase in credit spreads on financial liabilities for which the fair value option was elected between december 2017 and december 2016?
Important information:
text_13: the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million and $ 2 million ( including hedges ) as of december 2017 and december 2016 , respectively .
text_14: in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 35 million and $ 25 million as of december 2017 and december 2016 , respectively .
text_18: as of december 2017 and december 2016 , the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 527 million and $ 405 million , respectively , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans .
Reasoning Steps:
Step: minus1-1(35, 25) = 10
Program:
subtract(35, 25)
Program (Nested):
subtract(35, 25)
| finqa494 |
what is the percent change in fair value between 2010 and 2011?
Important information:
text_0: impairment the following table presents net unrealized losses on securities available for sale as of december 31: .
table_1: ( in millions ) the fair value of 2011 is $ 99832 ; the fair value of 2010 is $ 81881 ;
text_27: excluding the securities for which other-than-temporary impairment was recorded in 2011 , management considers the aggregate decline in fair value of the remaining .
Reasoning Steps:
Step: minus1-1(99832, 81881) = 17951
Step: divide1-2(#0, 81881) = 15.8%
Program:
subtract(99832, 81881), divide(#0, 81881)
Program (Nested):
divide(subtract(99832, 81881), 81881)
| 0.21923 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
impairment the following table presents net unrealized losses on securities available for sale as of december 31: .
Table
( in millions ) | 2011 | 2010
fair value | $ 99832 | $ 81881
amortized cost | 100013 | 82329
net unrealized loss pre-tax | $ -181 ( 181 ) | $ -448 ( 448 )
net unrealized loss after-tax | $ -113 ( 113 ) | $ -270 ( 270 )
the net unrealized amounts presented above excluded the remaining net unrealized losses related to reclassifications of securities available for sale to securities held to maturity . these unrealized losses related to reclassifications totaled $ 303 million , or $ 189 million after-tax , and $ 523 million , or $ 317 million after-tax , as of december 31 , 2011 and 2010 , respectively , and were recorded in accumulated other comprehensive income , or oci . refer to note 12 to the consolidated financial statements included under item 8 . the decline in these remaining after-tax unrealized losses related to reclassifications from december 31 , 2010 to december 31 , 2011 resulted primarily from amortization . we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists . to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component . the credit component is recorded in our consolidated statement of income , and the non-credit component is recorded in oci to the extent that we do not intend to sell the security . our assessment of other-than-temporary impairment involves an evaluation , more fully described in note 3 , of economic and security-specific factors . such factors are based on estimates , derived by management , which contemplate current market conditions and security-specific performance . to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular , the credit component that would be recorded in our consolidated statement of income . given the exposure of our investment securities portfolio , particularly mortgage- and asset-backed securities , to residential mortgage and other consumer credit risks , the performance of the u.s . housing market is a significant driver of the portfolio 2019s credit performance . as such , our assessment of other-than-temporary impairment relies to a significant extent on our estimates of trends in national housing prices . generally , indices that measure trends in national housing prices are published in arrears . as of september 30 , 2011 , national housing prices , according to the case-shiller national home price index , had declined by approximately 31.3% ( 31.3 % ) peak-to-current . overall , management 2019s expectation , for purposes of its evaluation of other-than-temporary impairment as of december 31 , 2011 , was that housing prices would decline by approximately 35% ( 35 % ) peak-to-trough . the performance of certain mortgage products and vintages of securities continues to deteriorate . in addition , management continues to believe that housing prices will decline further as indicated above . the combination of these factors has led to an increase in management 2019s overall loss expectations . our investment portfolio continues to be sensitive to management 2019s estimates of future cumulative losses . ultimately , other-than- temporary impairment is based on specific cusip-level detailed analysis of the unique characteristics of each security . in addition , we perform sensitivity analysis across each significant product type within the non-agency u.s . residential mortgage-backed portfolio . we estimate , for example , that other-than-temporary impairment of the investment portfolio could increase by approximately $ 10 million to $ 50 million , if national housing prices were to decline by 37% ( 37 % ) to 39% ( 39 % ) peak-to-trough , compared to management 2019s expectation of 35% ( 35 % ) described above . this sensitivity estimate is based on a number of factors , including , but not limited to , the level of housing prices and the timing of defaults . to the extent that such factors differ substantially from management 2019s current expectations , resulting loss estimates may differ materially from those stated . excluding the securities for which other-than-temporary impairment was recorded in 2011 , management considers the aggregate decline in fair value of the remaining .
Question:
what is the percent change in fair value between 2010 and 2011?
Important information:
text_0: impairment the following table presents net unrealized losses on securities available for sale as of december 31: .
table_1: ( in millions ) the fair value of 2011 is $ 99832 ; the fair value of 2010 is $ 81881 ;
text_27: excluding the securities for which other-than-temporary impairment was recorded in 2011 , management considers the aggregate decline in fair value of the remaining .
Reasoning Steps:
Step: minus1-1(99832, 81881) = 17951
Step: divide1-2(#0, 81881) = 15.8%
Program:
subtract(99832, 81881), divide(#0, 81881)
Program (Nested):
divide(subtract(99832, 81881), 81881)
| finqa495 |
what is the increase observed in the first quarter dividend percentage concerning the total value , during 2018 and 2019?
Important information:
table_1: the first quarter of 2019 is $ 1.10 ; the first quarter of 2018 is $ .95 ;
table_2: the second quarter of 2019 is 1.16 ; the second quarter of 2018 is 1.10 ;
table_5: the total of 2019 is $ 4.58 ; the total of 2018 is $ 4.25 ;
Reasoning Steps:
Step: divide2-1(1.10, 4.58) = 24.01%
Step: divide2-2(.95, 4.25) = 22.35%
Step: minus2-3(#0, #1) = 1.66%
Program:
divide(1.10, 4.58), divide(.95, 4.25), subtract(#0, #1)
Program (Nested):
subtract(divide(1.10, 4.58), divide(.95, 4.25))
| 0.01665 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 listed on the new york stock exchange under the symbol "apd." as of 31 october 2019 , there were 5166 record holders of our common stock . cash dividends on the company 2019s common stock are paid quarterly . it is our expectation that we will continue to pay cash dividends in the future at comparable or increased levels . the board of directors determines whether to declare dividends and the timing and amount based on financial condition and other factors it deems relevant . dividend information for each quarter of fiscal years 2019 and 2018 is summarized below: .
Table
| 2019 | 2018
first quarter | $ 1.10 | $ .95
second quarter | 1.16 | 1.10
third quarter | 1.16 | 1.10
fourth quarter | 1.16 | 1.10
total | $ 4.58 | $ 4.25
purchases of equity securities by the issuer on 15 september 2011 , the board of directors authorized the repurchase of up to $ 1.0 billion of our outstanding common stock . this program does not have a stated expiration date . we repurchase shares pursuant to rules 10b5-1 and 10b-18 under the securities exchange act of 1934 , as amended , through repurchase agreements established with one or more brokers . there were no purchases of stock during fiscal year 2019 . at 30 september 2019 , $ 485.3 million in share repurchase authorization remained . additional purchases will be completed at the company 2019s discretion while maintaining sufficient funds for investing in its businesses and growth opportunities. .
Question:
what is the increase observed in the first quarter dividend percentage concerning the total value , during 2018 and 2019?
Important information:
table_1: the first quarter of 2019 is $ 1.10 ; the first quarter of 2018 is $ .95 ;
table_2: the second quarter of 2019 is 1.16 ; the second quarter of 2018 is 1.10 ;
table_5: the total of 2019 is $ 4.58 ; the total of 2018 is $ 4.25 ;
Reasoning Steps:
Step: divide2-1(1.10, 4.58) = 24.01%
Step: divide2-2(.95, 4.25) = 22.35%
Step: minus2-3(#0, #1) = 1.66%
Program:
divide(1.10, 4.58), divide(.95, 4.25), subtract(#0, #1)
Program (Nested):
subtract(divide(1.10, 4.58), divide(.95, 4.25))
| finqa496 |
what were average net sales 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 ;
text_8: 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 .
text_15: 2014 compared to 2013 mfc 2019s net sales increased $ 297 million , or 4% ( 4 % ) , in 2014 as compared to 2013 .
Reasoning Steps:
Step: average1-1(net sales, none) = 6886
Program:
table_average(net sales, none)
Program (Nested):
table_average(net sales, none)
| 6885.66667 | 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 net sales 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 ;
text_8: 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 .
text_15: 2014 compared to 2013 mfc 2019s net sales increased $ 297 million , or 4% ( 4 % ) , in 2014 as compared to 2013 .
Reasoning Steps:
Step: average1-1(net sales, none) = 6886
Program:
table_average(net sales, none)
Program (Nested):
table_average(net sales, none)
| finqa497 |
what was the change in wti crude oil ( dollars per barrel ) between july 3 and december 19 , 2008?
Important information:
table_0: benchmark wti crude oil ( dollars per barrel ) the benchmark wti crude oil ( dollars per barrel ) of high $ 145.29 is high $ 145.29 ; the benchmark wti crude oil ( dollars per barrel ) of date july 3 is date july 3 ; the benchmark wti crude oil ( dollars per barrel ) of low $ 33.87 is low $ 33.87 ; the benchmark wti crude oil ( dollars per barrel ) of date december 19 is date december 19 ;
table_1: benchmark wti crude oil ( dollars per barrel ) the western canadian select ( dollars per barrel ) ( a ) of high $ 145.29 is $ 114.95 ; the western canadian select ( dollars per barrel ) ( a ) of date july 3 is july ; the western canadian select ( dollars per barrel ) ( a ) of low $ 33.87 is $ 23.18 ; the western canadian select ( dollars per barrel ) ( a ) of date december 19 is december ;
text_26: wti crude oil ( dollars per barrel ) $ 145.29 july 3 $ 33.87 december 19 western canadian select ( dollars per barrel ) ( a ) $ 114.95 july $ 23.18 december aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) $ 11.34 july 1 $ 5.42 september 19 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .
Reasoning Steps:
Step: minus2-1(145.29, 33.87) = 111.42
Program:
subtract(145.29, 33.87)
Program (Nested):
subtract(145.29, 33.87)
| 111.42 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 change in wti crude oil ( dollars per barrel ) between july 3 and december 19 , 2008?
Important information:
table_0: benchmark wti crude oil ( dollars per barrel ) the benchmark wti crude oil ( dollars per barrel ) of high $ 145.29 is high $ 145.29 ; the benchmark wti crude oil ( dollars per barrel ) of date july 3 is date july 3 ; the benchmark wti crude oil ( dollars per barrel ) of low $ 33.87 is low $ 33.87 ; the benchmark wti crude oil ( dollars per barrel ) of date december 19 is date december 19 ;
table_1: benchmark wti crude oil ( dollars per barrel ) the western canadian select ( dollars per barrel ) ( a ) of high $ 145.29 is $ 114.95 ; the western canadian select ( dollars per barrel ) ( a ) of date july 3 is july ; the western canadian select ( dollars per barrel ) ( a ) of low $ 33.87 is $ 23.18 ; the western canadian select ( dollars per barrel ) ( a ) of date december 19 is december ;
text_26: wti crude oil ( dollars per barrel ) $ 145.29 july 3 $ 33.87 december 19 western canadian select ( dollars per barrel ) ( a ) $ 114.95 july $ 23.18 december aeco natural gas sales index ( canadian dollars per gigajoule ) ( b ) $ 11.34 july 1 $ 5.42 september 19 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .
Reasoning Steps:
Step: minus2-1(145.29, 33.87) = 111.42
Program:
subtract(145.29, 33.87)
Program (Nested):
subtract(145.29, 33.87)
| finqa498 |
in millions for 2013 , what were net trading assets 2013 debt and equity instruments?
Important information:
text_9: trading assets and liabilities 2013 average balances average trading assets and liabilities were as follows for the periods indicated. .
table_1: year ended december 31 ( in millions ) the trading assets 2013 debt and equity instruments of 2013 is $ 340449 ; the trading assets 2013 debt and equity instruments of 2012 is $ 349337 ; the trading assets 2013 debt and equity instruments of 2011 is $ 393890 ;
table_3: year ended december 31 ( in millions ) the trading liabilities 2013 debt and equity instruments ( a ) of 2013 is 77706 ; the trading liabilities 2013 debt and equity instruments ( a ) of 2012 is 69001 ; the trading liabilities 2013 debt and equity instruments ( a ) of 2011 is 81916 ;
Reasoning Steps:
Step: minus2-1(340449, 77706) = 262743
Program:
subtract(340449, 77706)
Program (Nested):
subtract(340449, 77706)
| 262743.0 | 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./2013 annual report 215 the firm does not estimate the fair value of consumer lending-related commitments . in many cases , the firm can reduce or cancel these commitments by providing the borrower notice or , in some cases , without notice as permitted by law . for a further discussion of the valuation of lending-related commitments , see page 198 of this note . trading assets and liabilities trading assets include debt and equity instruments owned by jpmorgan chase ( 201clong 201d positions ) that are held for client market-making and client-driven activities , as well as for certain risk management activities , certain loans managed on a fair value basis and for which the firm has elected the fair value option , and physical commodities inventories that are generally accounted for at the lower of cost or market ( market approximates fair value ) . trading liabilities include debt and equity instruments that the firm has sold to other parties but does not own ( 201cshort 201d positions ) . the firm is obligated to purchase instruments at a future date to cover the short positions . included in trading assets and trading liabilities are the reported receivables ( unrealized gains ) and payables ( unrealized losses ) related to derivatives . trading assets and liabilities are carried at fair value on the consolidated balance sheets . balances reflect the reduction of securities owned ( long positions ) by the amount of identical securities sold but not yet purchased ( short positions ) . trading assets and liabilities 2013 average balances average trading assets and liabilities were as follows for the periods indicated. .
Table
year ended december 31 ( in millions ) | 2013 | 2012 | 2011
trading assets 2013 debt and equity instruments | $ 340449 | $ 349337 | $ 393890
trading assets 2013 derivative receivables | 72629 | 85744 | 90003
trading liabilities 2013 debt and equity instruments ( a ) | 77706 | 69001 | 81916
trading liabilities 2013 derivative payables | 64553 | 76162 | 71539
( a ) primarily represent securities sold , not yet purchased . note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan commitments not previously carried at fair value . elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , certain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrangements are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid instruments ) ; and/or 2022 better reflect those instruments that are managed on a fair value basis . elections include the following : 2022 loans purchased or originated as part of securitization warehousing activity , subject to bifurcation accounting , or managed on a fair value basis . 2022 securities financing arrangements with an embedded derivative and/or a maturity of greater than one year . 2022 owned beneficial interests in securitized financial assets that contain embedded credit derivatives , which would otherwise be required to be separately accounted for as a derivative instrument . 2022 certain investments that receive tax credits and other equity investments acquired as part of the washington mutual transaction . 2022 structured notes issued as part of cib 2019s client-driven activities . ( structured notes are predominantly financial instruments that contain embedded derivatives. ) 2022 long-term beneficial interests issued by cib 2019s consolidated securitization trusts where the underlying assets are carried at fair value. .
Question:
in millions for 2013 , what were net trading assets 2013 debt and equity instruments?
Important information:
text_9: trading assets and liabilities 2013 average balances average trading assets and liabilities were as follows for the periods indicated. .
table_1: year ended december 31 ( in millions ) the trading assets 2013 debt and equity instruments of 2013 is $ 340449 ; the trading assets 2013 debt and equity instruments of 2012 is $ 349337 ; the trading assets 2013 debt and equity instruments of 2011 is $ 393890 ;
table_3: year ended december 31 ( in millions ) the trading liabilities 2013 debt and equity instruments ( a ) of 2013 is 77706 ; the trading liabilities 2013 debt and equity instruments ( a ) of 2012 is 69001 ; the trading liabilities 2013 debt and equity instruments ( a ) of 2011 is 81916 ;
Reasoning Steps:
Step: minus2-1(340449, 77706) = 262743
Program:
subtract(340449, 77706)
Program (Nested):
subtract(340449, 77706)
| finqa499 |
what was the percentage change in the expenses related to he issuing of stock option in 2009
Important information:
table_1: years ended december 31 the rsus of 2010 is $ 138 ; the rsus of 2009 is $ 124 ; the rsus of 2008 is $ 132 ;
table_3: years ended december 31 the stock options of 2010 is 17 ; the stock options of 2009 is 21 ; the stock options of 2008 is 24 ;
table_5: years ended december 31 the total stock-based compensation expense of 2010 is 221 ; the total stock-based compensation expense of 2009 is 209 ; the total stock-based compensation expense of 2008 is 226 ;
Reasoning Steps:
Step: divide2-1(12, 209) = 5.7%
Program:
divide(12, 209)
Program (Nested):
divide(12, 209)
| 0.05742 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
material impact on the service cost and interest cost components of net periodic benefit costs for a 1% ( 1 % ) change in the assumed health care trend rate . for most of the participants in the u.s . plan , aon 2019s liability for future plan cost increases for pre-65 and medical supplement plan coverage is limited to 5% ( 5 % ) per annum . because of this cap , net employer trend rates for these plans are effectively limited to 5% ( 5 % ) per year in the future . during 2007 , aon recognized a plan amendment which phases out post-65 retiree coverage in its u.s . plan over the next three years . the impact of this amendment on net periodic benefit cost is being recognized over the average remaining service life of the employees . 14 . stock compensation plans the following table summarizes stock-based compensation expense recognized in continuing operations in the consolidated statements of income in compensation and benefits ( in millions ) : .
Table
years ended december 31 | 2010 | 2009 | 2008
rsus | $ 138 | $ 124 | $ 132
performance plans | 62 | 60 | 67
stock options | 17 | 21 | 24
employee stock purchase plans | 4 | 4 | 3
total stock-based compensation expense | 221 | 209 | 226
tax benefit | 75 | 68 | 82
stock-based compensation expense net of tax | $ 146 | $ 141 | $ 144
during 2009 , the company converted its stock administration system to a new service provider . in connection with this conversion , a reconciliation of the methodologies and estimates utilized was performed , which resulted in a $ 12 million reduction of expense for the year ended december 31 , 2009 . stock awards stock awards , in the form of rsus , are granted to certain employees and consist of both performance-based and service-based rsus . service-based awards generally vest between three and ten years from the date of grant . the fair value of service-based awards is based upon the market value of the underlying common stock at the date of grant . with certain limited exceptions , any break in continuous employment will cause the forfeiture of all unvested awards . compensation expense associated with stock awards is recognized over the service period . dividend equivalents are paid on certain service-based rsus , based on the initial grant amount . performance-based rsus have been granted to certain employees . vesting of these awards is contingent upon meeting various individual , divisional or company-wide performance conditions , including revenue generation or growth in revenue , pretax income or earnings per share over a one- to five-year period . the performance conditions are not considered in the determination of the grant date fair value for these awards . the fair value of performance-based awards is based upon the market price of the underlying common stock at the date of grant . compensation expense is recognized over the performance period , and in certain cases an additional vesting period , based on management 2019s estimate of the number of units expected to vest . compensation expense is adjusted to reflect the actual number of shares paid out at the end of the programs . the actual payout of shares under these performance- based plans may range from 0-200% ( 0-200 % ) of the number of units granted , based on the plan . dividend equivalents are generally not paid on the performance-based rsus . during 2010 , the company granted approximately 1.6 million shares in connection with the completion of the 2007 leadership performance plan ( 2018 2018lpp 2019 2019 ) cycle and 84000 shares related to other performance plans . during 2010 , 2009 and 2008 , the company granted approximately 3.5 million .
Question:
what was the percentage change in the expenses related to he issuing of stock option in 2009
Important information:
table_1: years ended december 31 the rsus of 2010 is $ 138 ; the rsus of 2009 is $ 124 ; the rsus of 2008 is $ 132 ;
table_3: years ended december 31 the stock options of 2010 is 17 ; the stock options of 2009 is 21 ; the stock options of 2008 is 24 ;
table_5: years ended december 31 the total stock-based compensation expense of 2010 is 221 ; the total stock-based compensation expense of 2009 is 209 ; the total stock-based compensation expense of 2008 is 226 ;
Reasoning Steps:
Step: divide2-1(12, 209) = 5.7%
Program:
divide(12, 209)
Program (Nested):
divide(12, 209)
| finqa500 |
what portion of total value of net operating loss carryforwards is related to state?
Important information:
table_1: years ended december 31, the 2006 to 2010 of federal is $ 5248 ; the 2006 to 2010 of state is $ 469747 ;
table_2: years ended december 31, the 2011 to 2015 of federal is 10012 ; the 2011 to 2015 of state is 272662 ;
table_5: years ended december 31, the total of federal is $ 2157503 ; the total of state is $ 2418012 ;
Reasoning Steps:
Step: add2-1(2157503, 2418012) = 4575515
Step: divide2-2(2418012, #0) = 52.8%
Program:
add(2157503, 2418012), divide(2418012, #0)
Program (Nested):
divide(2418012, add(2157503, 2418012))
| 0.52847 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 portion of total value of net operating loss carryforwards is related to state?
Important information:
table_1: years ended december 31, the 2006 to 2010 of federal is $ 5248 ; the 2006 to 2010 of state is $ 469747 ;
table_2: years ended december 31, the 2011 to 2015 of federal is 10012 ; the 2011 to 2015 of state is 272662 ;
table_5: years ended december 31, the total of federal is $ 2157503 ; the total of state is $ 2418012 ;
Reasoning Steps:
Step: add2-1(2157503, 2418012) = 4575515
Step: divide2-2(2418012, #0) = 52.8%
Program:
add(2157503, 2418012), divide(2418012, #0)
Program (Nested):
divide(2418012, add(2157503, 2418012))
| finqa501 |
what is the net change in cash in 2015?
Important information:
table_4: cash flow data the net cash provided by operating activities of years ended december 31 , 2015 is $ 674.0 ; the net cash provided by operating activities of years ended december 31 , 2014 is $ 669.5 ; the net cash provided by operating activities of years ended december 31 , 2013 is $ 592.9 ;
table_5: cash flow data the net cash used in investing activities of years ended december 31 , 2015 is -202.8 ( 202.8 ) ; the net cash used in investing activities of years ended december 31 , 2014 is -200.8 ( 200.8 ) ; the net cash used in investing activities of years ended december 31 , 2013 is -224.5 ( 224.5 ) ;
table_6: cash flow data the net cash used in financing activities of years ended december 31 , 2015 is -472.8 ( 472.8 ) ; the net cash used in financing activities of years ended december 31 , 2014 is -343.9 ( 343.9 ) ; the net cash used in financing activities of years ended december 31 , 2013 is -1212.3 ( 1212.3 ) ;
Reasoning Steps:
Step: add1-1(674.0, -202.8) = 471.2
Step: add1-2(#0, -472.8) = -1.6
Program:
add(674.0, -202.8), add(#0, -472.8)
Program (Nested):
add(add(674.0, -202.8), -472.8)
| -1.6 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
Table
cash flow data | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
net income adjusted to reconcile net income to net cashprovided by operating activities1 | $ 848.2 | $ 831.2 | $ 598.4
net cash used in working capital2 | -117.5 ( 117.5 ) | -131.1 ( 131.1 ) | -9.6 ( 9.6 )
changes in other non-current assets and liabilities using cash | -56.7 ( 56.7 ) | -30.6 ( 30.6 ) | 4.1
net cash provided by operating activities | $ 674.0 | $ 669.5 | $ 592.9
net cash used in investing activities | -202.8 ( 202.8 ) | -200.8 ( 200.8 ) | -224.5 ( 224.5 )
net cash used in financing activities | -472.8 ( 472.8 ) | -343.9 ( 343.9 ) | -1212.3 ( 1212.3 )
1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. .
Question:
what is the net change in cash in 2015?
Important information:
table_4: cash flow data the net cash provided by operating activities of years ended december 31 , 2015 is $ 674.0 ; the net cash provided by operating activities of years ended december 31 , 2014 is $ 669.5 ; the net cash provided by operating activities of years ended december 31 , 2013 is $ 592.9 ;
table_5: cash flow data the net cash used in investing activities of years ended december 31 , 2015 is -202.8 ( 202.8 ) ; the net cash used in investing activities of years ended december 31 , 2014 is -200.8 ( 200.8 ) ; the net cash used in investing activities of years ended december 31 , 2013 is -224.5 ( 224.5 ) ;
table_6: cash flow data the net cash used in financing activities of years ended december 31 , 2015 is -472.8 ( 472.8 ) ; the net cash used in financing activities of years ended december 31 , 2014 is -343.9 ( 343.9 ) ; the net cash used in financing activities of years ended december 31 , 2013 is -1212.3 ( 1212.3 ) ;
Reasoning Steps:
Step: add1-1(674.0, -202.8) = 471.2
Step: add1-2(#0, -472.8) = -1.6
Program:
add(674.0, -202.8), add(#0, -472.8)
Program (Nested):
add(add(674.0, -202.8), -472.8)
| finqa502 |
what was the change in the weighted average common shares outstanding for diluted computations from 2011 to 2012 , in millions?
Important information:
text_7: in addition to the severance charges described above , we expect to incur accelerated and incremental costs ( e.g. , accelerated depreciation expense related to long-lived assets at the sites to be closed , relocation of equipment and other employee related costs ) of approximately $ 15 million , $ 50 million , and $ 135 million at our is&gs , mst , and space systems business segments related to the facility closures and consolidations .
table_1: the weighted average common shares outstanding for basic computations of 2013 is 320.9 ; the weighted average common shares outstanding for basic computations of 2012 is 323.7 ; the weighted average common shares outstanding for basic computations of 2011 is 335.9 ;
table_3: the weighted average common shares outstanding for diluted computations of 2013 is 326.5 ; the weighted average common shares outstanding for diluted computations of 2012 is 328.4 ; the weighted average common shares outstanding for diluted computations of 2011 is 339.9 ;
Reasoning Steps:
Step: minus1-1(328.4, 339.9) = -11.5
Program:
subtract(328.4, 339.9)
Program (Nested):
subtract(328.4, 339.9)
| -11.5 | 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:
note 2 2013 restructuring charges 2013 actions during 2013 , we recorded charges related to certain severance actions totaling $ 201 million , net of state tax benefits , of which $ 83 million , $ 37 million , and $ 81 million related to our information systems & global solutions ( is&gs ) , mission systems and training ( mst ) , and space systems business segments . these charges reduced our net earnings by $ 130 million ( $ .40 per share ) and primarily related to a plan we committed to in november 2013 to close and consolidate certain facilities and reduce our total workforce by approximately 4000 positions within our is&gs , mst , and space systems business segments . these charges also include $ 30 million related to certain severance actions at our is&gs business segment that occurred in the first quarter of 2013 , which were subsequently paid in 2013 . the november 2013 plan resulted from a strategic review of these businesses 2019 facility capacity and future workload projections and is intended to better align our organization and cost structure and improve the affordability of our products and services given the continued decline in u.s . government spending as well as the rapidly changing competitive and economic landscape . upon separation , terminated employees will receive lump-sum severance payments primarily based on years of service . during 2013 , we paid approximately $ 15 million in severance payments associated with these actions , with the remainder expected to be paid through the middle of 2015 . in addition to the severance charges described above , we expect to incur accelerated and incremental costs ( e.g. , accelerated depreciation expense related to long-lived assets at the sites to be closed , relocation of equipment and other employee related costs ) of approximately $ 15 million , $ 50 million , and $ 135 million at our is&gs , mst , and space systems business segments related to the facility closures and consolidations . the accelerated and incremental costs will be expensed as incurred in the respective business segment 2019s results of operations through their completion in 2015 . we expect to recover a substantial amount of the restructuring charges through the pricing of our products and services to the u.s . government and other customers in future periods , with the impact included in the respective business segment 2019s results of operations . 2012 and 2011 actions during 2012 , we recorded charges related to certain severance actions totaling $ 48 million , net of state tax benefits , of which $ 25 million related to our aeronautics business segment and $ 23 million related to the reorganization of our former electronic systems business segment . these charges reduced our net earnings by $ 31 million ( $ .09 per share ) and consisted of severance costs associated with the elimination of certain positions through either voluntary or involuntary actions . these severance actions resulted from cost reduction initiatives to better align our organization with changing economic conditions . upon separation , terminated employees received lump-sum severance payments primarily based on years of service , all of which were paid in 2013 . during 2011 , we recorded charges related to certain severance actions totaling $ 136 million , net of state tax benefits , of which $ 49 million , $ 48 million , and $ 39 million related to our aeronautics , space systems , and our is&gs business segments and corporate headquarters . these charges reduced our net earnings by $ 88 million ( $ .26 per share ) and consisted of severance costs associated with the elimination of certain positions through either voluntary or involuntary actions . these severance actions resulted from a strategic review of these businesses and our corporate headquarters and are intended to better align our organization and cost structure with changing economic conditions . the workforce reductions at the business segments also reflected changes in program lifecycles , where several of our major programs were either transitioning out of development and into production or were ending . upon separation , terminated employees received lump-sum severance payments based on years of service . during 2011 , we made approximately half of the severance payments associated with these 2011 severance actions , and paid the remaining amounts in 2012 . note 3 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
Table
| 2013 | 2012 | 2011
weighted average common shares outstanding for basic computations | 320.9 | 323.7 | 335.9
weighted average dilutive effect of equity awards | 5.6 | 4.7 | 4.0
weighted average common shares outstanding for diluted computations | 326.5 | 328.4 | 339.9
.
Question:
what was the change in the weighted average common shares outstanding for diluted computations from 2011 to 2012 , in millions?
Important information:
text_7: in addition to the severance charges described above , we expect to incur accelerated and incremental costs ( e.g. , accelerated depreciation expense related to long-lived assets at the sites to be closed , relocation of equipment and other employee related costs ) of approximately $ 15 million , $ 50 million , and $ 135 million at our is&gs , mst , and space systems business segments related to the facility closures and consolidations .
table_1: the weighted average common shares outstanding for basic computations of 2013 is 320.9 ; the weighted average common shares outstanding for basic computations of 2012 is 323.7 ; the weighted average common shares outstanding for basic computations of 2011 is 335.9 ;
table_3: the weighted average common shares outstanding for diluted computations of 2013 is 326.5 ; the weighted average common shares outstanding for diluted computations of 2012 is 328.4 ; the weighted average common shares outstanding for diluted computations of 2011 is 339.9 ;
Reasoning Steps:
Step: minus1-1(328.4, 339.9) = -11.5
Program:
subtract(328.4, 339.9)
Program (Nested):
subtract(328.4, 339.9)
| finqa503 |
what was the percentage change in operating income from 2016 to 2017?
Important information:
table_3: ( in millions ) the operating income of for the years ended december 31 , 2017 is 11503 ; the operating income of for the years ended december 31 , 2016 is 10815 ; the operating income of for the years ended december 31 , $ is 688 ; the operating income of % ( % ) is 6.4% ( 6.4 % ) ;
text_9: operating income increased by $ 688 million , due primarily to : 2022 price increases ( $ 1.4 billion ) , partly offset by 2022 higher marketing , administration and research costs ( $ 570 million ) and 2022 unfavorable currency ( $ 157 million ) .
text_23: excluding .
Reasoning Steps:
Step: minus2-1(11503, 10815) = 688
Step: divide2-2(#0, 10815) = 6%
Program:
subtract(11503, 10815), divide(#0, 10815)
Program (Nested):
divide(subtract(11503, 10815), 10815)
| 0.06362 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
net revenues include $ 3.8 billion in 2017 and $ 739 million in 2016 related to the sale of rrps , mainly driven by japan . these net revenue amounts include excise taxes billed to customers . excluding excise taxes , net revenues for rrps were $ 3.6 billion in 2017 and $ 733 million in 2016 . in some jurisdictions , including japan , we are not responsible for collecting excise taxes . in 2017 , approximately $ 0.9 billion of our $ 3.6 billion in rrp net revenues , excluding excise taxes , were from iqos devices and accessories . excise taxes on products increased by $ 1.1 billion , due to : 2022 higher excise taxes resulting from changes in retail prices and tax rates ( $ 4.6 billion ) , partially offset by 2022 favorable currency ( $ 1.9 billion ) and 2022 lower excise taxes resulting from volume/mix ( $ 1.6 billion ) . our cost of sales ; marketing , administration and research costs ; and operating income were as follows : for the years ended december 31 , variance .
Table
( in millions ) | for the years ended december 31 , 2017 | for the years ended december 31 , 2016 | for the years ended december 31 , $ | % ( % )
cost of sales | $ 10432 | $ 9391 | $ 1041 | 11.1% ( 11.1 % )
marketing administration and research costs | 6725 | 6405 | 320 | 5.0% ( 5.0 % )
operating income | 11503 | 10815 | 688 | 6.4% ( 6.4 % )
cost of sales increased by $ 1.0 billion , due to : 2022 higher cost of sales resulting from volume/mix ( $ 1.1 billion ) , partly offset by 2022 lower manufacturing costs ( $ 36 million ) and 2022 favorable currency ( $ 30 million ) . marketing , administration and research costs increased by $ 320 million , due to : 2022 higher expenses ( $ 570 million , largely reflecting increased investment behind reduced-risk products , predominately in the european union and asia ) , partly offset by 2022 favorable currency ( $ 250 million ) . operating income increased by $ 688 million , due primarily to : 2022 price increases ( $ 1.4 billion ) , partly offset by 2022 higher marketing , administration and research costs ( $ 570 million ) and 2022 unfavorable currency ( $ 157 million ) . interest expense , net , of $ 914 million increased by $ 23 million , due primarily to unfavorably currency and higher average debt levels , partly offset by higher interest income . our effective tax rate increased by 12.8 percentage points to 40.7% ( 40.7 % ) . the 2017 effective tax rate was unfavorably impacted by $ 1.6 billion due to the tax cuts and jobs act . for further details , see item 8 , note 11 . income taxes to our consolidated financial statements . we are continuing to evaluate the impact that the tax cuts and jobs act will have on our tax liability . based upon our current interpretation of the tax cuts and jobs act , we estimate that our 2018 effective tax rate will be approximately 28% ( 28 % ) , subject to future regulatory developments and earnings mix by taxing jurisdiction . we are regularly examined by tax authorities around the world , and we are currently under examination in a number of jurisdictions . it is reasonably possible that within the next 12 months certain tax examinations will close , which could result in a change in unrecognized tax benefits along with related interest and penalties . an estimate of any possible change cannot be made at this time . net earnings attributable to pmi of $ 6.0 billion decreased by $ 932 million ( 13.4% ( 13.4 % ) ) . this decrease was due primarily to a higher effective tax rate as discussed above , partly offset by higher operating income . diluted and basic eps of $ 3.88 decreased by 13.4% ( 13.4 % ) . excluding .
Question:
what was the percentage change in operating income from 2016 to 2017?
Important information:
table_3: ( in millions ) the operating income of for the years ended december 31 , 2017 is 11503 ; the operating income of for the years ended december 31 , 2016 is 10815 ; the operating income of for the years ended december 31 , $ is 688 ; the operating income of % ( % ) is 6.4% ( 6.4 % ) ;
text_9: operating income increased by $ 688 million , due primarily to : 2022 price increases ( $ 1.4 billion ) , partly offset by 2022 higher marketing , administration and research costs ( $ 570 million ) and 2022 unfavorable currency ( $ 157 million ) .
text_23: excluding .
Reasoning Steps:
Step: minus2-1(11503, 10815) = 688
Step: divide2-2(#0, 10815) = 6%
Program:
subtract(11503, 10815), divide(#0, 10815)
Program (Nested):
divide(subtract(11503, 10815), 10815)
| finqa504 |
what is the mathematical range for european cruise guests from 2010-2014?
Important information:
text_2: total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
table_5: year the 2014 of weighted-averagesupply ofberthsmarketedglobally ( 1 ) is 448000 ; the 2014 of royal caribbean cruises ltd . total berths is 105750 ; the 2014 of globalcruiseguests ( 1 ) is 22006063 ; the 2014 of north americancruiseguests ( 2 ) is 12260238 ; the 2014 of europeancruiseguests ( 3 ) is 6535365 ;
text_10: europe cruise guests sourced from europe represented approximately 29.7% ( 29.7 % ) of global cruise guests in 2014 .
Reasoning Steps:
Step: minus1-1(6535365, 5540000) = 995365
Program:
subtract(6535365, 5540000)
Program (Nested):
subtract(6535365, 5540000)
| 995365.0 | 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:
16 royal caribbean cruises ltd . the following table details the growth in global weighted average berths and the global , north american and european cruise guests over the past five years : weighted-average supply of berths marketed globally ( 1 ) royal caribbean cruises ltd . total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
Table
year | weighted-averagesupply ofberthsmarketedglobally ( 1 ) | royal caribbean cruises ltd . total berths | globalcruiseguests ( 1 ) | north americancruiseguests ( 2 ) | europeancruiseguests ( 3 )
2010 | 391000 | 92300 | 18800000 | 10781000 | 5540000
2011 | 412000 | 92650 | 20227000 | 11625000 | 5894000
2012 | 425000 | 98650 | 20898000 | 11640000 | 6139000
2013 | 432000 | 98750 | 21300000 | 11816000 | 6399000
2014 | 448000 | 105750 | 22006063 | 12260238 | 6535365
( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a combi- nation of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider , cruise industry news and clia . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : clia based on cruise guests carried for at least two consecutive nights ( see number 1 above ) . includes the united states of america and canada . ( 3 ) source : clia europe , formerly european cruise council , ( see number 2 above ) . north america the majority of cruise guests are sourced from north america , which represented approximately 55.7% ( 55.7 % ) of global cruise guests in 2014 . the compound annual growth rate in cruise guests sourced from this market was approximately 3.3% ( 3.3 % ) from 2010 to 2014 . europe cruise guests sourced from europe represented approximately 29.7% ( 29.7 % ) of global cruise guests in 2014 . the compound annual growth rate in cruise guests sourced from this market was approximately 4.2% ( 4.2 % ) from 2010 to 2014 . asia/pacific in addition to expected industry growth in north america and europe , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . based on industry data , cruise guests sourced from the asia/pacific region represented approximately 8.5% ( 8.5 % ) of global cruise guests in 2014 . the compound annual growth rate in cruise guests sourced from this market was approximately 16.4% ( 16.4 % ) from 2010 to 2014 . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise line , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line holdings ltd. , which owns norwegian cruise line , oceania cruises and regent seven seas cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activi- ties is influenced by political and general economic conditions . companies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the upgrade and maintenance of existing ships and the transfer of key innovations across each brand , while pru- dently expanding our fleet with new state-of-the- art cruise ships , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i .
Question:
what is the mathematical range for european cruise guests from 2010-2014?
Important information:
text_2: total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
table_5: year the 2014 of weighted-averagesupply ofberthsmarketedglobally ( 1 ) is 448000 ; the 2014 of royal caribbean cruises ltd . total berths is 105750 ; the 2014 of globalcruiseguests ( 1 ) is 22006063 ; the 2014 of north americancruiseguests ( 2 ) is 12260238 ; the 2014 of europeancruiseguests ( 3 ) is 6535365 ;
text_10: europe cruise guests sourced from europe represented approximately 29.7% ( 29.7 % ) of global cruise guests in 2014 .
Reasoning Steps:
Step: minus1-1(6535365, 5540000) = 995365
Program:
subtract(6535365, 5540000)
Program (Nested):
subtract(6535365, 5540000)
| finqa505 |
assuming 2010 accrued casualty costs were completely repaired in the following year , ,what would the repairs and maintenance expense increase to for 2011 in millions?
Important information:
text_1: total expense for repairs and maintenance incurred was $ 2.2 billion for 2011 , $ 2.0 billion for 2010 , and $ 1.9 billion for 2009 .
table_0: millions the millions of dec . 31 2011 is dec . 31 2011 ; the millions of dec . 31 2010 is dec . 31 2010 ;
table_5: millions the accrued casualty costs of dec . 31 2011 is 249 ; the accrued casualty costs of dec . 31 2010 is 325 ;
Key Information: are allocated using appropriate statistical bases .
Reasoning Steps:
Step: multiply1-1(2.2, const_1000) = 2200
Step: add1-2(325, #0) = 2525
Program:
multiply(2.2, const_1000), add(325, #0)
Program (Nested):
add(325, multiply(2.2, const_1000))
| 2525.0 | 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:
are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.2 billion for 2011 , $ 2.0 billion for 2010 , and $ 1.9 billion for 2009 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2011 2010 .
Table
millions | dec . 31 2011 | dec . 31 2010
accounts payable | $ 819 | $ 677
income and other taxes | 482 | 337
accrued wages and vacation | 363 | 357
dividends payable | 284 | 183
accrued casualty costs | 249 | 325
interest payable | 197 | 200
equipment rents payable | 90 | 86
other | 624 | 548
total accounts payable and othercurrent liabilities | $ 3108 | $ 2713
13 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2011 and 2010 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities . determination of fair value 2013 we determine the fair values of our derivative financial instrument positions based upon current fair values as quoted by recognized dealers or the present value of expected future cash flows . interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period . we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings . we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix . in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities . swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates . we account for swaps as fair value .
Question:
assuming 2010 accrued casualty costs were completely repaired in the following year , ,what would the repairs and maintenance expense increase to for 2011 in millions?
Important information:
text_1: total expense for repairs and maintenance incurred was $ 2.2 billion for 2011 , $ 2.0 billion for 2010 , and $ 1.9 billion for 2009 .
table_0: millions the millions of dec . 31 2011 is dec . 31 2011 ; the millions of dec . 31 2010 is dec . 31 2010 ;
table_5: millions the accrued casualty costs of dec . 31 2011 is 249 ; the accrued casualty costs of dec . 31 2010 is 325 ;
Key Information: are allocated using appropriate statistical bases .
Reasoning Steps:
Step: multiply1-1(2.2, const_1000) = 2200
Step: add1-2(325, #0) = 2525
Program:
multiply(2.2, const_1000), add(325, #0)
Program (Nested):
add(325, multiply(2.2, const_1000))
| finqa506 |
what percentage of future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year are due in 2008?
Important information:
table_1: ( in millions ) the 2007 of pensionbenefits is $ 1440 ; the 2007 of otherbenefits is $ 260 ;
table_2: ( in millions ) the 2008 of pensionbenefits is 1490 ; the 2008 of otherbenefits is 260 ;
text_9: future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) .
Reasoning Steps:
Step: multiply2-1(1.1, const_1000) = 1100
Step: divide2-2(254, #0) = 23%
Program:
multiply(1.1, const_1000), divide(254, #0)
Program (Nested):
divide(254, multiply(1.1, const_1000))
| 0.23091 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 . in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments . the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits .
Table
( in millions ) | pensionbenefits | otherbenefits
2007 | $ 1440 | $ 260
2008 | 1490 | 260
2009 | 1540 | 270
2010 | 1600 | 270
2011 | 1660 | 270
years 2012 2013 2016 | 9530 | 1260
as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits . the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million . the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 . we also sponsor a small number of foreign benefit plans . the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows . note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively . future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) . certain major plant facilities and equipment are furnished by the u.s . government under short-term or cancelable arrangements . note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole . we cannot predict the outcome of legal proceedings with certainty . these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio . the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology . we are cooperating with the government 2019s investigation . on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california . we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program . the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s . air force , as authorized by public law 85-804 . on august 31 , 2004 , the united states denied the claim . our appeal of that decision is pending with the armed services board of contract appeals . on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel . natural resources defense council , et al v . lockheed martin corporation , et al , and united states ex rel . john d . tillson v . lockheed martin energy systems , inc. , et al . the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing .
Question:
what percentage of future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year are due in 2008?
Important information:
table_1: ( in millions ) the 2007 of pensionbenefits is $ 1440 ; the 2007 of otherbenefits is $ 260 ;
table_2: ( in millions ) the 2008 of pensionbenefits is 1490 ; the 2008 of otherbenefits is 260 ;
text_9: future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) .
Reasoning Steps:
Step: multiply2-1(1.1, const_1000) = 1100
Step: divide2-2(254, #0) = 23%
Program:
multiply(1.1, const_1000), divide(254, #0)
Program (Nested):
divide(254, multiply(1.1, const_1000))
| finqa507 |
what was the change in millions of ipalco common stock from 2015 to 2016?
Important information:
text_0: the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .
table_1: december 31, the ipalco common stock of 2016 is $ 618 ; the ipalco common stock of 2015 is $ 460 ;
table_5: december 31, the dpl preferred stock of 2016 is 2014 ; the dpl preferred stock of 2015 is 18 ;
Reasoning Steps:
Step: minus1-1(618, 460) = 158
Program:
subtract(618, 460)
Program (Nested):
subtract(618, 460)
| 158.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .
Table
december 31, | 2016 | 2015
ipalco common stock | $ 618 | $ 460
colon quotas ( 1 ) | 100 | 2014
ipl preferred stock | 60 | 60
other common stock | 4 | 2014
dpl preferred stock | 2014 | 18
total redeemable stock of subsidiaries | $ 782 | $ 538
_____________________________ ( 1 ) characteristics of quotas are similar to common stock . colon 2014 during the year ended december 31 , 2016 , our partner in colon increased their ownership from 25% ( 25 % ) to 49.9% ( 49.9 % ) and made capital contributions of $ 106 million . any subsequent adjustments to allocate earnings and dividends to our partner , or measure the investment at fair value , will be classified as temporary equity each reporting period as it is probable that the shares will become redeemable . ipl 2014 ipl had $ 60 million of cumulative preferred stock outstanding at december 31 , 2016 and 2015 , which represented five series of preferred stock . the total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 . certain series of the preferred stock were redeemable solely at the option of the issuer at prices between $ 100 and $ 118 per share . holders of the preferred stock are entitled to elect a majority of ipl's board of directors if ipl has not paid dividends to its preferred stockholders for four consecutive quarters . based on the preferred stockholders' ability to elect a majority of ipl's board of directors in this circumstance , the redemption of the preferred shares is considered to be not solely within the control of the issuer and the preferred stock is considered temporary equity . dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl . the dp&l preferred stock was redeemable at dp&l's option as determined by its board of directors at per-share redemption prices between $ 101 and $ 103 per share , plus cumulative preferred dividends . in addition , dp&l's amended articles of incorporation contained provisions that permitted preferred stockholders to elect members of the dp&l board of directors in the event that cumulative dividends on the preferred stock are in arrears in an aggregate amount equivalent to at least four full quarterly dividends . based on the preferred stockholders' ability to elect members of dp&l's board of directors in this circumstance , the redemption of the preferred shares was considered to be not solely within the control of the issuer and the preferred stock was considered temporary equity . in september 2016 , it became probable that the preferred shares would become redeemable . as such , the company recorded an adjustment of $ 5 million to retained earnings to adjust the preferred shares to their redemption value of $ 23 million . in october 2016 , dp&l redeemed all of its preferred shares . upon redemption , the preferred shares were no longer outstanding and all rights of the holders thereof as shareholders of dp&l ceased to exist . ipalco 2014 in february 2015 , cdpq purchased 15% ( 15 % ) of aes us investment , inc. , a wholly-owned subsidiary that owns 100% ( 100 % ) of ipalco , for $ 247 million , with an option to invest an additional $ 349 million in ipalco through 2016 in exchange for a 17.65% ( 17.65 % ) equity stake . in april 2015 , cdpq invested an additional $ 214 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 24.90% ( 24.90 % ) . as a result of these transactions , $ 84 million in taxes and transaction costs were recognized as a net decrease to equity . the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of 377 million for the excess of the fair value of the shares over their book value . no gain or loss was recognized in net income as the transaction was not considered to be a sale of in-substance real estate . in march 2016 , cdpq exercised its remaining option by investing $ 134 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 30% ( 30 % ) . the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of $ 84 million for the excess of the fair value of the shares over their book value . in june 2016 , cdpq contributed an additional $ 24 million to ipalco , with no impact to the ownership structure of the investment . any subsequent adjustments to allocate earnings and dividends to cdpq will be classified as nci within permanent equity as it is not probable that the shares will become redeemable. .
Question:
what was the change in millions of ipalco common stock from 2015 to 2016?
Important information:
text_0: the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .
table_1: december 31, the ipalco common stock of 2016 is $ 618 ; the ipalco common stock of 2015 is $ 460 ;
table_5: december 31, the dpl preferred stock of 2016 is 2014 ; the dpl preferred stock of 2015 is 18 ;
Reasoning Steps:
Step: minus1-1(618, 460) = 158
Program:
subtract(618, 460)
Program (Nested):
subtract(618, 460)
| finqa508 |
what was the percentage growth of the stock price performance from 2013 to 2014 for the tractor supply company
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 12/28/2013 is $ 100.00 ; the tractor supply company of 12/27/2014 is $ 104.11 ; the tractor supply company of 12/26/2015 is $ 115.45 ; the tractor supply company of 12/31/2016 is $ 103.33 ; the tractor supply company of 12/30/2017 is $ 103.67 ; the tractor supply company of 12/29/2018 is $ 117.18 ;
table_2: the s&p 500 of 12/28/2013 is $ 100.00 ; the s&p 500 of 12/27/2014 is $ 115.76 ; the s&p 500 of 12/26/2015 is $ 116.64 ; the s&p 500 of 12/31/2016 is $ 129.55 ; the s&p 500 of 12/30/2017 is $ 157.84 ; the s&p 500 of 12/29/2018 is $ 149.63 ;
Reasoning Steps:
Step: minus1-1(104.11, 100.00) = 4.11
Step: divide1-2(#0, 100.00) = 4.11%
Program:
subtract(104.11, 100.00), divide(#0, 100.00)
Program (Nested):
divide(subtract(104.11, 100.00), 100.00)
| 0.0411 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 28 , 2013 to december 29 , 2018 ( 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 28 , 2013 , 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
| 12/28/2013 | 12/27/2014 | 12/26/2015 | 12/31/2016 | 12/30/2017 | 12/29/2018
tractor supply company | $ 100.00 | $ 104.11 | $ 115.45 | $ 103.33 | $ 103.67 | $ 117.18
s&p 500 | $ 100.00 | $ 115.76 | $ 116.64 | $ 129.55 | $ 157.84 | $ 149.63
s&p retail index | $ 100.00 | $ 111.18 | $ 140.22 | $ 148.53 | $ 193.68 | $ 217.01
.
Question:
what was the percentage growth of the stock price performance from 2013 to 2014 for the tractor supply company
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 12/28/2013 is $ 100.00 ; the tractor supply company of 12/27/2014 is $ 104.11 ; the tractor supply company of 12/26/2015 is $ 115.45 ; the tractor supply company of 12/31/2016 is $ 103.33 ; the tractor supply company of 12/30/2017 is $ 103.67 ; the tractor supply company of 12/29/2018 is $ 117.18 ;
table_2: the s&p 500 of 12/28/2013 is $ 100.00 ; the s&p 500 of 12/27/2014 is $ 115.76 ; the s&p 500 of 12/26/2015 is $ 116.64 ; the s&p 500 of 12/31/2016 is $ 129.55 ; the s&p 500 of 12/30/2017 is $ 157.84 ; the s&p 500 of 12/29/2018 is $ 149.63 ;
Reasoning Steps:
Step: minus1-1(104.11, 100.00) = 4.11
Step: divide1-2(#0, 100.00) = 4.11%
Program:
subtract(104.11, 100.00), divide(#0, 100.00)
Program (Nested):
divide(subtract(104.11, 100.00), 100.00)
| finqa509 |
for the facility leases that have remaining terms through fiscal 2010 , assuming the annual rent is approximately that of 2003 , what is the remaining total obligation?
Important information:
text_24: total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 856000 , $ 823000 and $ 821000 for the fiscal years ended march 31 , 2002 , 2003 and 2004 , respectively .
text_27: rental expense recorded for these leases during the fiscal years ended march 31 , 2002 and 2003 was approximately $ 215000 and $ 127000 respectively .
table_6: year ending march 31, the thereafter of operating leases is 708 ;
Reasoning Steps:
Step: minus1-1(2010, 2004) = 6
Step: multiply1-2(821000, #0) = 4926000
Program:
subtract(2010, 2004), multiply(821000, #0)
Program (Nested):
multiply(821000, subtract(2010, 2004))
| 4926000.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements ( continued ) march 31 , 2004 5 . income taxes ( continued ) the effective tax rate of zero differs from the statutory rate of 34% ( 34 % ) primarily due to the inability of the company to recognize deferred tax assets for its operating losses and tax credits . of the total valuation allowance , approximately $ 2400000 relates to stock option compensation deductions . the tax benefit associated with the stock option compensation deductions will be credited to equity when realized . 6 . commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 , accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2013 the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . while the company engages in extensive product quality programs and processes , including monitoring and evaluating the quality of component suppliers , its warranty obligation is affected by product failure rates . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2013 in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2004 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the company has elected not to exercise a buyout option available under its primary lease that would have allowed for early termination in 2005 . total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 856000 , $ 823000 and $ 821000 for the fiscal years ended march 31 , 2002 , 2003 and 2004 , respectively . during the fiscal year ended march 31 , 2000 , the company entered into 36-month operating leases totaling approximately $ 644000 for the lease of office furniture . these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased . rental expense recorded for these leases during the fiscal years ended march 31 , 2002 and 2003 was approximately $ 215000 and $ 127000 respectively . during fiscal 2000 , the company entered into a 36-month capital lease for computer equipment and software for approximately $ 221000 . this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased . future minimum lease payments under all non-cancelable operating leases as of march 31 , 2004 are approximately as follows ( in thousands ) : .
Table
year ending march 31, | operating leases
2005 | $ 781
2006 | 776
2007 | 769
2008 | 772
2009 | 772
thereafter | 708
total future minimum lease payments | $ 4578
from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , will not have a material adverse effect on the company. .
Question:
for the facility leases that have remaining terms through fiscal 2010 , assuming the annual rent is approximately that of 2003 , what is the remaining total obligation?
Important information:
text_24: total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 856000 , $ 823000 and $ 821000 for the fiscal years ended march 31 , 2002 , 2003 and 2004 , respectively .
text_27: rental expense recorded for these leases during the fiscal years ended march 31 , 2002 and 2003 was approximately $ 215000 and $ 127000 respectively .
table_6: year ending march 31, the thereafter of operating leases is 708 ;
Reasoning Steps:
Step: minus1-1(2010, 2004) = 6
Step: multiply1-2(821000, #0) = 4926000
Program:
subtract(2010, 2004), multiply(821000, #0)
Program (Nested):
multiply(821000, subtract(2010, 2004))
| finqa510 |
for 2017 , what was net interest expense with related parties , in millions?
Important information:
table_2: years ended december 31, the cost of sales 2014non-regulated of 2017 is 220 ; the cost of sales 2014non-regulated of 2016 is 210 ; the cost of sales 2014non-regulated of 2015 is 330 ;
table_3: years ended december 31, the interest income of 2017 is 8 ; the interest income of 2016 is 4 ; the interest income of 2015 is 25 ;
table_4: years ended december 31, the interest expense of 2017 is 36 ; the interest expense of 2016 is 39 ; the interest expense of 2015 is 33 ;
Reasoning Steps:
Step: minus2-1(8, 36) = 28
Program:
subtract(8, 36)
Program (Nested):
subtract(8, 36)
| -28.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the aes corporation notes to consolidated financial statements 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:
for 2017 , what was net interest expense with related parties , in millions?
Important information:
table_2: years ended december 31, the cost of sales 2014non-regulated of 2017 is 220 ; the cost of sales 2014non-regulated of 2016 is 210 ; the cost of sales 2014non-regulated of 2015 is 330 ;
table_3: years ended december 31, the interest income of 2017 is 8 ; the interest income of 2016 is 4 ; the interest income of 2015 is 25 ;
table_4: years ended december 31, the interest expense of 2017 is 36 ; the interest expense of 2016 is 39 ; the interest expense of 2015 is 33 ;
Reasoning Steps:
Step: minus2-1(8, 36) = 28
Program:
subtract(8, 36)
Program (Nested):
subtract(8, 36)
| finqa511 |
what were average operating profit for aeronautics in millions between 2014 and 2016?
Important information:
table_2: the operating profit of 2016 is 1887 ; the operating profit of 2015 is 1681 ; the operating profit of 2014 is 1649 ;
table_3: the operating margin of 2016 is 10.6% ( 10.6 % ) ; the operating margin of 2015 is 10.8% ( 10.8 % ) ; the operating margin of 2014 is 11.1% ( 11.1 % ) ;
text_17: aeronautics 2019 operating profit in 2016 increased $ 206 million , or 12% ( 12 % ) , compared to 2015 .
Reasoning Steps:
Step: average2-1(operating profit, none) = 1739
Program:
table_average(operating profit, none)
Program (Nested):
table_average(operating profit, none)
| 1739.0 | 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:
$ 70 million . since that time , we have continued to experience issues related to customer requirements and the implementation of this contract and have periodically accrued additional reserves . consequently , we are continuing to monitor the scope , estimated costs , and viability of the program and the possibility of additional customer funding . it is possible that we may have to record additional loss reserves in future periods , which could be material to our operating results . however , we cannot make an estimate of the total expected costs at this time due to uncertainties inherent in the estimation process . our consolidated net adjustments not related to volume , including net profit booking rate adjustments and other matters , net of state income taxes , increased segment operating profit by approximately $ 1.5 billion , $ 1.7 billion and $ 1.6 billion for 2016 , 2015 and 2014 . the decrease in our consolidated net adjustments in 2016 compared to 2015 was primarily due to a decrease in profit booking rate adjustments at our mfc and space systems business segments , partially offset by an increase at our rms business segment . the increase in our consolidated net adjustments in 2015 compared to 2014 was primarily due to an increase in profit booking rate adjustments at our space systems and aeronautics business segments , offset by a decrease in profit booking rate adjustments at our rms and mfc business segments . the consolidated net adjustments for 2016 are inclusive of approximately $ 530 million in unfavorable items , which include reserves for performance matters on an international program at rms . the consolidated net adjustments for 2015 are inclusive of approximately $ 550 million in unfavorable items , which include reserves for performance matters on an international program at rms and on commercial satellite programs at space systems . the consolidated net adjustments for 2014 are inclusive of approximately $ 535 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at rms and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , c-5m super galaxy and f-22 raptor . aeronautics 2019 operating results included the following ( in millions ) : .
Table
| 2016 | 2015 | 2014
net sales | $ 17769 | $ 15570 | $ 14920
operating profit | 1887 | 1681 | 1649
operating margin | 10.6% ( 10.6 % ) | 10.8% ( 10.8 % ) | 11.1% ( 11.1 % )
backlog atyear-end | $ 34200 | $ 31800 | $ 27600
2016 compared to 2015 aeronautics 2019 net sales in 2016 increased $ 2.2 billion , or 14% ( 14 % ) , compared to 2015 . the increase was attributable to higher net sales of approximately $ 1.7 billion for the f-35 program due to increased volume on aircraft production and sustainment activities , partially offset by lower volume on development activities ; and approximately $ 290 million for the c-130 program due to increased deliveries ( 24 aircraft delivered in 2016 compared to 21 in 2015 ) and increased sustainment activities ; and approximately $ 250 million for the f-16 program primarily due to higher volume on aircraft modernization programs . the increases were partially offset by lower net sales of approximately $ 55 million for the c-5 program due to decreased sustainment activities . aeronautics 2019 operating profit in 2016 increased $ 206 million , or 12% ( 12 % ) , compared to 2015 . operating profit increased approximately $ 195 million for the f-35 program due to increased volume on aircraft production and sustainment activities and higher risk retirements ; and by approximately $ 60 million for aircraft support and maintenance programs due to higher risk retirements and increased volume . these increases were partially offset by lower operating profit of approximately $ 65 million for the c-130 program due to contract mix and lower risk retirements . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 20 million higher in 2016 compared to 2015 . 2015 compared to 2014 aeronautics 2019 net sales in 2015 increased $ 650 million , or 4% ( 4 % ) , compared to 2014 . the increase was attributable to higher net sales of approximately $ 1.4 billion for f-35 production contracts due to increased volume on aircraft production and sustainment activities ; and approximately $ 150 million for the c-5 program due to increased deliveries ( nine aircraft .
Question:
what were average operating profit for aeronautics in millions between 2014 and 2016?
Important information:
table_2: the operating profit of 2016 is 1887 ; the operating profit of 2015 is 1681 ; the operating profit of 2014 is 1649 ;
table_3: the operating margin of 2016 is 10.6% ( 10.6 % ) ; the operating margin of 2015 is 10.8% ( 10.8 % ) ; the operating margin of 2014 is 11.1% ( 11.1 % ) ;
text_17: aeronautics 2019 operating profit in 2016 increased $ 206 million , or 12% ( 12 % ) , compared to 2015 .
Reasoning Steps:
Step: average2-1(operating profit, none) = 1739
Program:
table_average(operating profit, none)
Program (Nested):
table_average(operating profit, none)
| finqa512 |
what is the fair value of hologic common stock used for acquiring r2?
Important information:
text_13: the aggregate purchase price for r2 of approximately $ 220600 consisted of approximately 4400 shares of hologic common stock valued at $ 205500 , cash paid of $ 6900 , debt assumed of $ 5700 and approximately $ 2500 for acquisition related fees and expenses .
table_4: net tangible assets acquired as of july 13 2006 the trade name of $ 1200 is 3300 ;
table_8: net tangible assets acquired as of july 13 2006 the estimated purchase price of $ 1200 is $ 220600 ;
Reasoning Steps:
Step: divide1-1(205500, 4400) = 46.7
Program:
divide(205500, 4400)
Program (Nested):
divide(205500, 4400)
| 46.70455 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 ) 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 . acquisition of r2 technology , inc . on july 13 , 2006 , the company completed the acquisition of r2 technology , inc . ( r2 ) pursuant to an agreement and plan of merger dated april 24 , 2006 . the results of operations for r2 have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment . r2 , previously located in santa clara , california , develops and sells computer-aided detection technology and products ( cad ) , an innovative technology that assists radiologists in the early detection of breast cancer . the aggregate purchase price for r2 of approximately $ 220600 consisted of approximately 4400 shares of hologic common stock valued at $ 205500 , cash paid of $ 6900 , debt assumed of $ 5700 and approximately $ 2500 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 13 2006 | $ 1200
in-process research and development | 10200
developed technology and know how | 39500
customer relationship | 15700
trade name | 3300
order backlog | 800
deferred income taxes | 4400
goodwill | 145500
estimated purchase price | $ 220600
the company finalized and completed a plan to restructure certain of r2 2019s historical activities . as of the acquisition date the company recorded a liability of approximately $ 798 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 and loss related to the abandonment of certain lease space under this plan . all amounts under this plan have been paid as of september 29 , 2007 . the company reduced goodwill related to the r2 acquisition in the amount of approximately $ 400 during the year ended september 29 , 2007 . the reduction was primarily related to a change in the preliminary valuation of certain assets and liabilities acquired based on information received during the year . the final purchase price allocations were completed within one year of the .
Question:
what is the fair value of hologic common stock used for acquiring r2?
Important information:
text_13: the aggregate purchase price for r2 of approximately $ 220600 consisted of approximately 4400 shares of hologic common stock valued at $ 205500 , cash paid of $ 6900 , debt assumed of $ 5700 and approximately $ 2500 for acquisition related fees and expenses .
table_4: net tangible assets acquired as of july 13 2006 the trade name of $ 1200 is 3300 ;
table_8: net tangible assets acquired as of july 13 2006 the estimated purchase price of $ 1200 is $ 220600 ;
Reasoning Steps:
Step: divide1-1(205500, 4400) = 46.7
Program:
divide(205500, 4400)
Program (Nested):
divide(205500, 4400)
| finqa513 |
for december 31 , 2011 and december 31 , 2010 , what was the average 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: add1-1(13.0, 13.2) = 26.2
Step: divide0-0(#0, const_2) = 13.1
Program:
add(13.0, 13.2), divide(#0, const_2)
Program (Nested):
divide(add(13.0, 13.2), const_2)
| 13.1 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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:
for december 31 , 2011 and december 31 , 2010 , what was the average 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: add1-1(13.0, 13.2) = 26.2
Step: divide0-0(#0, const_2) = 13.1
Program:
add(13.0, 13.2), divide(#0, const_2)
Program (Nested):
divide(add(13.0, 13.2), const_2)
| finqa514 |
in millions in 2014 2013 and 2012 , what were the lowest amount of interest rate hedges?\\n\\n
Important information:
text_0: notes to consolidated financial statements hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s .
text_11: the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
table_1: $ in millions the interest rate hedges of year ended december 2014 is $ 1936 ; the interest rate hedges of year ended december 2013 is $ -8683 ( 8683 ) ; the interest rate hedges of year ended december 2012 is $ -2383 ( 2383 ) ;
Reasoning Steps:
Step: min2-1(interest rate hedges, none) = -8683
Program:
table_min(interest rate hedges, none)
Program (Nested):
table_min(interest rate hedges, none)
| -8683.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s . operations and ( iii ) certain commodities-related swap and forward contracts used to manage the exposure to the variability in cash flows associated with the forecasted sales of certain energy commodities by one of the firm 2019s consolidated investments . to qualify for hedge accounting , the derivative hedge must be highly effective at reducing the risk from the exposure being hedged . additionally , the firm must formally document the hedging relationship at inception and test the hedging relationship at least on a quarterly basis to ensure the derivative hedge continues to be highly effective over the life of the hedging relationship . fair value hedges the firm designates certain interest rate swaps as fair value hedges . these interest rate swaps hedge changes in fair value attributable to the designated benchmark interest rate ( e.g. , london interbank offered rate ( libor ) or ois ) , effectively converting a substantial portion of fixed-rate obligations into floating-rate obligations . the firm applies a statistical method that utilizes regression analysis when assessing the effectiveness of its fair value hedging relationships in achieving offsetting changes in the fair values of the hedging instrument and the risk being hedged ( i.e. , interest rate risk ) . an interest rate swap is considered highly effective in offsetting changes in fair value attributable to changes in the hedged risk when the regression analysis results in a coefficient of determination of 80% ( 80 % ) or greater and a slope between 80% ( 80 % ) and 125% ( 125 % ) . for qualifying fair value hedges , gains or losses on derivatives are included in 201cinterest expense . 201d the change in fair value of the hedged item attributable to the risk being hedged is reported as an adjustment to its carrying value and is subsequently amortized into interest expense over its remaining life . gains or losses resulting from hedge ineffectiveness are included in 201cinterest expense . 201d when a derivative is no longer designated as a hedge , any remaining difference between the carrying value and par value of the hedged item is amortized to interest expense over the remaining life of the hedged item using the effective interest method . see note 23 for further information about interest income and interest expense . the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
Table
$ in millions | year ended december 2014 | year ended december 2013 | year ended december 2012
interest rate hedges | $ 1936 | $ -8683 ( 8683 ) | $ -2383 ( 2383 )
hedged borrowings and bank deposits | -2451 ( 2451 ) | 6999 | 665
hedge ineffectiveness | $ -515 ( 515 ) | $ -1684 ( 1684 ) | $ -1718 ( 1718 )
134 goldman sachs 2014 annual report .
Question:
in millions in 2014 2013 and 2012 , what were the lowest amount of interest rate hedges?\\n\\n
Important information:
text_0: notes to consolidated financial statements hedge accounting the firm applies hedge accounting for ( i ) certain interest rate swaps used to manage the interest rate exposure of certain fixed-rate unsecured long-term and short-term borrowings and certain fixed-rate certificates of deposit , ( ii ) certain foreign currency forward contracts and foreign currency-denominated debt used to manage foreign currency exposures on the firm 2019s net investment in certain non-u.s .
text_11: the table below presents the gains/ ( losses ) from interest rate derivatives accounted for as hedges , the related hedged borrowings and bank deposits , and the hedge ineffectiveness on these derivatives , which primarily consists of amortization of prepaid credit spreads resulting from the passage of time. .
table_1: $ in millions the interest rate hedges of year ended december 2014 is $ 1936 ; the interest rate hedges of year ended december 2013 is $ -8683 ( 8683 ) ; the interest rate hedges of year ended december 2012 is $ -2383 ( 2383 ) ;
Reasoning Steps:
Step: min2-1(interest rate hedges, none) = -8683
Program:
table_min(interest rate hedges, none)
Program (Nested):
table_min(interest rate hedges, none)
| finqa515 |
what is the implied total value of the european sports satellite and cable network as of the transaction date?
Important information:
text_8: 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 .
text_9: we have a call right that enables us to purchase a controlling interest in eurosport starting december 2014 and for one year thereafter .
text_11: 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 .
Reasoning Steps:
Step: divide1-1(20, const_100) = .2
Step: divide1-2(264, #0) = 1320
Program:
divide(20, const_100), divide(264, #0)
Program (Nested):
divide(264, divide(20, const_100))
| 1320.0 | 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 implied total value of the european sports satellite and cable network as of the transaction date?
Important information:
text_8: 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 .
text_9: we have a call right that enables us to purchase a controlling interest in eurosport starting december 2014 and for one year thereafter .
text_11: 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 .
Reasoning Steps:
Step: divide1-1(20, const_100) = .2
Step: divide1-2(264, #0) = 1320
Program:
divide(20, const_100), divide(264, #0)
Program (Nested):
divide(264, divide(20, const_100))
| finqa516 |
in 2015 what was the ratio of the net sales to the backlog
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_8: 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 .
Reasoning Steps:
Step: divide2-1(6770, 15500) = 0.44
Program:
divide(6770, 15500)
Program (Nested):
divide(6770, 15500)
| 0.43677 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
in 2015 what was the ratio of the net sales to the backlog
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_8: 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 .
Reasoning Steps:
Step: divide2-1(6770, 15500) = 0.44
Program:
divide(6770, 15500)
Program (Nested):
divide(6770, 15500)
| finqa517 |
what was the percentage change in total long-term debt net from 2014 to 2015?
Important information:
table_5: the total long-term debt of 2015 is 16296 ; the total long-term debt of 2014 is 7041 ;
table_7: the total long-term debt net of 2015 is $ 15261 ; the total long-term debt net of 2014 is $ 6142 ;
text_12: we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .
Reasoning Steps:
Step: minus2-1(15261, 6142) = 9119
Step: divide2-2(#0, 6142) = 148%
Program:
subtract(15261, 6142), divide(#0, 6142)
Program (Nested):
divide(subtract(15261, 6142), 6142)
| 1.4847 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 10 2013 debt our long-term debt consisted of the following ( in millions ) : .
Table
| 2015 | 2014
notes with rates from 1.85% ( 1.85 % ) to 3.80% ( 3.80 % ) due 2016 to 2045 | $ 8150 | $ 1400
notes with rates from 4.07% ( 4.07 % ) to 5.72% ( 5.72 % ) due 2019 to 2046 | 6089 | 3589
notes with rates from 6.15% ( 6.15 % ) to 9.13% ( 9.13 % ) due 2016 to 2036 | 1941 | 1941
other debt | 116 | 111
total long-term debt | 16296 | 7041
less : unamortized discounts and deferred financing costs | -1035 ( 1035 ) | -899 ( 899 )
total long-term debt net | $ 15261 | $ 6142
revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 . the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes . the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper . we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million . there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky . concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility . on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility . borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements . each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement . as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements . long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering . we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt . the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) . we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption . interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 . the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness . the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .
Question:
what was the percentage change in total long-term debt net from 2014 to 2015?
Important information:
table_5: the total long-term debt of 2015 is 16296 ; the total long-term debt of 2014 is 7041 ;
table_7: the total long-term debt net of 2015 is $ 15261 ; the total long-term debt net of 2014 is $ 6142 ;
text_12: we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .
Reasoning Steps:
Step: minus2-1(15261, 6142) = 9119
Step: divide2-2(#0, 6142) = 148%
Program:
subtract(15261, 6142), divide(#0, 6142)
Program (Nested):
divide(subtract(15261, 6142), 6142)
| finqa518 |
what was the change in millions of carrying amount reported on the consolidated balance sheet trading assets from 2007 to 2008?
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 ;
text_10: 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 .
Reasoning Steps:
Step: minus1-1(16254, 26020) = -9766
Program:
subtract(16254, 26020)
Program (Nested):
subtract(16254, 26020)
| -9766.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the 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 change in millions of carrying amount reported on the consolidated balance sheet trading assets from 2007 to 2008?
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 ;
text_10: 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 .
Reasoning Steps:
Step: minus1-1(16254, 26020) = -9766
Program:
subtract(16254, 26020)
Program (Nested):
subtract(16254, 26020)
| finqa519 |
what was the percentage change in capital expenditures for property , plant and equipment from 2008 to 2009?
Important information:
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 .
text_31: 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 .
Reasoning Steps:
Step: minus2-1(852, 926) = -74
Step: divide2-2(#0, 926) = -8%
Program:
subtract(852, 926), divide(#0, 926)
Program (Nested):
divide(subtract(852, 926), 926)
| -0.07991 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 2008 to 2009?
Important information:
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 .
text_31: 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 .
Reasoning Steps:
Step: minus2-1(852, 926) = -74
Step: divide2-2(#0, 926) = -8%
Program:
subtract(852, 926), divide(#0, 926)
Program (Nested):
divide(subtract(852, 926), 926)
| finqa520 |
what percentage of total goodwill is attributable to u.s . brokerage 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_1: reporting unit the u.s . brokerage of december 31 2011 is $ 1751.2 ;
table_4: reporting unit the total goodwill of december 31 2011 is $ 1934.2 ;
Reasoning Steps:
Step: divide2-1(1751.2, 1934.2) = 91%
Program:
divide(1751.2, 1934.2)
Program (Nested):
divide(1751.2, 1934.2)
| 0.90539 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 u.s . brokerage 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_1: reporting unit the u.s . brokerage of december 31 2011 is $ 1751.2 ;
table_4: reporting unit the total goodwill of december 31 2011 is $ 1934.2 ;
Reasoning Steps:
Step: divide2-1(1751.2, 1934.2) = 91%
Program:
divide(1751.2, 1934.2)
Program (Nested):
divide(1751.2, 1934.2)
| finqa521 |
what was the average total stock-based compensation expense from 2008 to 2010 in millions
Important information:
table_1: years ended december 31 the rsus of 2010 is $ 138 ; the rsus of 2009 is $ 124 ; the rsus of 2008 is $ 132 ;
table_5: years ended december 31 the total stock-based compensation expense of 2010 is 221 ; the total stock-based compensation expense of 2009 is 209 ; the total stock-based compensation expense of 2008 is 226 ;
table_7: years ended december 31 the stock-based compensation expense net of tax of 2010 is $ 146 ; the stock-based compensation expense net of tax of 2009 is $ 141 ; the stock-based compensation expense net of tax of 2008 is $ 144 ;
Reasoning Steps:
Step: add1-1(221, 209) = 430
Step: add1-2(#0, 226) = 656
Step: add1-3(#1, const_3) = 437.4
Step: divide0-0(#2, const_2) = 218.7
Program:
add(221, 209), add(#0, 226), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(221, 209), 226), const_3), const_2)
| 329.5 | 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:
material impact on the service cost and interest cost components of net periodic benefit costs for a 1% ( 1 % ) change in the assumed health care trend rate . for most of the participants in the u.s . plan , aon 2019s liability for future plan cost increases for pre-65 and medical supplement plan coverage is limited to 5% ( 5 % ) per annum . because of this cap , net employer trend rates for these plans are effectively limited to 5% ( 5 % ) per year in the future . during 2007 , aon recognized a plan amendment which phases out post-65 retiree coverage in its u.s . plan over the next three years . the impact of this amendment on net periodic benefit cost is being recognized over the average remaining service life of the employees . 14 . stock compensation plans the following table summarizes stock-based compensation expense recognized in continuing operations in the consolidated statements of income in compensation and benefits ( in millions ) : .
Table
years ended december 31 | 2010 | 2009 | 2008
rsus | $ 138 | $ 124 | $ 132
performance plans | 62 | 60 | 67
stock options | 17 | 21 | 24
employee stock purchase plans | 4 | 4 | 3
total stock-based compensation expense | 221 | 209 | 226
tax benefit | 75 | 68 | 82
stock-based compensation expense net of tax | $ 146 | $ 141 | $ 144
during 2009 , the company converted its stock administration system to a new service provider . in connection with this conversion , a reconciliation of the methodologies and estimates utilized was performed , which resulted in a $ 12 million reduction of expense for the year ended december 31 , 2009 . stock awards stock awards , in the form of rsus , are granted to certain employees and consist of both performance-based and service-based rsus . service-based awards generally vest between three and ten years from the date of grant . the fair value of service-based awards is based upon the market value of the underlying common stock at the date of grant . with certain limited exceptions , any break in continuous employment will cause the forfeiture of all unvested awards . compensation expense associated with stock awards is recognized over the service period . dividend equivalents are paid on certain service-based rsus , based on the initial grant amount . performance-based rsus have been granted to certain employees . vesting of these awards is contingent upon meeting various individual , divisional or company-wide performance conditions , including revenue generation or growth in revenue , pretax income or earnings per share over a one- to five-year period . the performance conditions are not considered in the determination of the grant date fair value for these awards . the fair value of performance-based awards is based upon the market price of the underlying common stock at the date of grant . compensation expense is recognized over the performance period , and in certain cases an additional vesting period , based on management 2019s estimate of the number of units expected to vest . compensation expense is adjusted to reflect the actual number of shares paid out at the end of the programs . the actual payout of shares under these performance- based plans may range from 0-200% ( 0-200 % ) of the number of units granted , based on the plan . dividend equivalents are generally not paid on the performance-based rsus . during 2010 , the company granted approximately 1.6 million shares in connection with the completion of the 2007 leadership performance plan ( 2018 2018lpp 2019 2019 ) cycle and 84000 shares related to other performance plans . during 2010 , 2009 and 2008 , the company granted approximately 3.5 million .
Question:
what was the average total stock-based compensation expense from 2008 to 2010 in millions
Important information:
table_1: years ended december 31 the rsus of 2010 is $ 138 ; the rsus of 2009 is $ 124 ; the rsus of 2008 is $ 132 ;
table_5: years ended december 31 the total stock-based compensation expense of 2010 is 221 ; the total stock-based compensation expense of 2009 is 209 ; the total stock-based compensation expense of 2008 is 226 ;
table_7: years ended december 31 the stock-based compensation expense net of tax of 2010 is $ 146 ; the stock-based compensation expense net of tax of 2009 is $ 141 ; the stock-based compensation expense net of tax of 2008 is $ 144 ;
Reasoning Steps:
Step: add1-1(221, 209) = 430
Step: add1-2(#0, 226) = 656
Step: add1-3(#1, const_3) = 437.4
Step: divide0-0(#2, const_2) = 218.7
Program:
add(221, 209), add(#0, 226), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(221, 209), 226), const_3), const_2)
| finqa522 |
recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges\\nwere what percent of residential mortgages at fair value?
Important information:
table_4: in millions the residential mortgages at fair value of dec.31 2009 is 1012 ; the residential mortgages at fair value of dec . 312008 is 1824 ;
text_25: we recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges , carried at fair value and lower of cost or market compared with losses of $ 197 million in 2008 .
text_26: we sold $ .3 billion and $ .6 billion , respectively , of commercial mortgage loans held for sale carried at fair value in 2009 and 2008 .
Reasoning Steps:
Step: divide1-1(107, 1012) = 10.6%
Program:
divide(107, 1012)
Program (Nested):
divide(107, 1012)
| 0.10573 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
december 31 , 2009 , $ 397 million of the credit losses related to securities rated below investment grade . as of december 31 , 2009 , the noncredit portion of otti losses recorded in accumulated other comprehensive loss for non-agency residential mortgage-backed securities totaled $ 1.1 billion and the related securities had a fair value of $ 2.6 billion . the fair value of sub-investment grade investment securities for which we have not recorded an otti credit loss as of december 31 , 2009 totaled $ 2.6 billion , with unrealized net losses of $ 658 million . the results of our security-level assessments indicate that we will recover the entire cost basis of these securities . note 7 investment securities in the notes to consolidated financial statements of this report provides further detail regarding our process for assessing otti for these securities . commercial mortgage-backed securities the fair value of the non-agency commercial mortgage- backed securities portfolio was $ 6.1 billion at december 31 , 2009 and consisted of fixed-rate , private-issuer securities collateralized by non-residential properties , primarily retail properties , office buildings , and multi-family housing . the agency commercial mortgage-backed securities portfolio was $ 1.3 billion fair value at december 31 , 2009 consisting of multi-family housing . substantially all of the securities are the most senior tranches in the subordination structure . we recorded otti credit losses of $ 6 million on non-agency commercial mortgage-backed securities during 2009 . the remaining fair value of the securities for which otti was recorded approximates zero . all of the credit-impaired securities were rated below investment grade . asset-backed securities the fair value of the asset-backed securities portfolio was $ 4.8 billion at december 31 , 2009 and consisted of fixed-rate and floating-rate , private-issuer securities collateralized primarily by various consumer credit products , including residential mortgage loans , credit cards , and automobile loans . substantially all of the securities are senior tranches in the securitization structure and have credit protection in the form of credit enhancement , over-collateralization and/or excess spread accounts . we recorded otti credit losses of $ 111 million on asset- backed securities during 2009 . all of the securities were collateralized by first and second lien residential mortgage loans and were rated below investment grade . as of december 31 , 2009 , the noncredit portion of otti losses recorded in accumulated other comprehensive loss for asset- backed securities totaled $ 221 million and the related securities had a fair value of $ 562 million . for the sub-investment grade investment securities for which we have not recorded an otti loss through december 31 , 2009 , the remaining fair value was $ 381 million , with unrealized net losses of $ 110 million . the results of our security-level assessments indicate that we will recover the entire cost basis of these securities . note 7 investment securities in the notes to consolidated financial statements of this report provides further detail regarding our process for assessing otti for these securities . if the current housing and economic conditions were to continue for the foreseeable future or worsen , if market volatility and illiquidity were to continue or worsen , or if market interest rates were to increase appreciably , the valuation of our investment securities portfolio could continue to be adversely affected and we could incur additional otti credit losses that would impact our consolidated income statement . loans held for sale in millions dec . 31 dec . 31 .
Table
in millions | dec.31 2009 | dec . 312008
commercial mortgages at fair value | $ 1050 | $ 1401
commercial mortgages at lower of cost or market | 251 | 747
total commercial mortgages | 1301 | 2148
residential mortgages at fair value | 1012 | 1824
residential mortgages at lower of cost or market | | 138
total residential mortgages | 1012 | 1962
other | 226 | 256
total | $ 2539 | $ 4366
we stopped originating commercial mortgage loans held for sale designated at fair value during the first quarter of 2008 and intend to continue pursuing opportunities to reduce these positions at appropriate prices . for commercial mortgages held for sale carried at the lower of cost or market , strong origination volumes partially offset sales to government agencies of $ 5.4 billion during 2009 . we recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges , carried at fair value and lower of cost or market compared with losses of $ 197 million in 2008 . we sold $ .3 billion and $ .6 billion , respectively , of commercial mortgage loans held for sale carried at fair value in 2009 and 2008 . residential mortgage loans held for sale decreased during 2009 despite strong refinancing volumes , especially in the first quarter . loan origination volume was $ 19.1 billion . substantially all such loans were originated to agency standards . we sold $ 19.8 billion of loans and recognized related gains of $ 435 million during 2009 . net interest income on residential mortgage loans held for sale was $ 332 million for 2009. .
Question:
recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges\\nwere what percent of residential mortgages at fair value?
Important information:
table_4: in millions the residential mortgages at fair value of dec.31 2009 is 1012 ; the residential mortgages at fair value of dec . 312008 is 1824 ;
text_25: we recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges , carried at fair value and lower of cost or market compared with losses of $ 197 million in 2008 .
text_26: we sold $ .3 billion and $ .6 billion , respectively , of commercial mortgage loans held for sale carried at fair value in 2009 and 2008 .
Reasoning Steps:
Step: divide1-1(107, 1012) = 10.6%
Program:
divide(107, 1012)
Program (Nested):
divide(107, 1012)
| finqa523 |
for the sale of the 19 percent outside-operated interest in the corrib natural gas development offshore ireland , what is the total expected proceeds in millions?
Important information:
text_13: gudrun 2013 in march 2011 , we closed the sale of our outside-operated interests in the gudrun field development and the brynhild and eirin exploration areas offshore norway for net proceeds of $ 85 million , excluding working capital adjustments .
text_22: in june 2009 , we entered into an agreement to sell the subsidiary holding our 19 percent outside-operated interest in the corrib natural gas development offshore ireland .
text_24: additional fixed proceeds of $ 135 million will be received at the earlier of first commercial gas or december 31 , 2012 .
Reasoning Steps:
Step: add1-1(const_100, 135) = 235
Program:
add(const_100, 135)
Program (Nested):
add(const_100, 135)
| 235.0 | 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 company , l.l.c . and odyssey pipeline l.l.c. , as well as certain other oil pipeline interests , including the eugene island pipeline system . the value of this transaction is approximately $ 205 million , net of debt assumed by the buyer . the carrying value of these assets was $ 38 million as of december 31 , 2011 . this transaction closed on january 3 , 2012 . burns point gas plant 2013 during the fourth quarter of 2011 , we sold our e&p segment 2019s 50 percent interest in the burns point gas plant , a cryogenic processing plant located in st . mary parish , louisiana , for total consideration of $ 36 million and a pretax gain of $ 34 million was booked . alaska lng facility 2013 during the third quarter of 2011 , we sold our integrated gas segment 2019s equity interest in a lng processing facility in alaska and a pretax gain on the transaction of $ 8 million was recorded . dj basin 2013 in april 2011 , we assigned a 30 percent undivided working interest in our e&p segment 2019s approximately 180000 acres in the niobrara shale play located within the dj basin of southeast wyoming and northern colorado for total consideration of $ 270 million , recording a pretax gain of $ 37 million . we remain operator of this jointly owned leasehold . angola 2013 during 2010 , we closed the sale of a 20 percent outside-operated interest in our e&p segment 2019s production sharing contract and joint operating agreement in block 32 offshore angola . we received net proceeds of $ 1.3 billion and recorded a pretax gain on the sale of $ 811 million . we retained a 10 percent outside-operated interest in block 32 . gudrun 2013 in march 2011 , we closed the sale of our outside-operated interests in the gudrun field development and the brynhild and eirin exploration areas offshore norway for net proceeds of $ 85 million , excluding working capital adjustments . a $ 64 million pretax loss on this disposition was recorded in the fourth quarter 2010 . gabon 2013 in december 2009 , we closed the sale of our operated fields offshore gabon , receiving net proceeds of $ 269 million , after closing adjustments . a $ 232 million pretax gain on this disposition was reported in discontinued operations for 2009 . permian basin 2013 in june 2009 , we closed the sale of our e&p segment 2019s operated and a portion of our outside- operated permian basin producing assets in new mexico and west texas for net proceeds after closing adjustments of $ 293 million . a $ 196 million pretax gain on the sale was recorded . ireland 2013 in april 2009 , we closed the sale of our operated properties in ireland for net proceeds of $ 84 million , after adjusting for cash held by the sold subsidiary . a $ 158 million pretax gain on the sale was recorded . as a result of this sale , we terminated our pension plan in ireland , incurring a charge of $ 18 million . in june 2009 , we entered into an agreement to sell the subsidiary holding our 19 percent outside-operated interest in the corrib natural gas development offshore ireland . an initial $ 100 million payment was received at closing . additional fixed proceeds of $ 135 million will be received at the earlier of first commercial gas or december 31 , 2012 . a $ 154 million impairment was recognized in discontinued operations in the second quarter of 2009 . our irish and our gabonese businesses , which had been reported in our e&p segment , have been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows . revenues and pretax income related to these businesses are shown in the table below . ( in millions ) 2009 .
Table
( in millions ) | 2009
revenues applicable to discontinued operations | $ 188
pretax income from discontinued operations | $ 80
.
Question:
for the sale of the 19 percent outside-operated interest in the corrib natural gas development offshore ireland , what is the total expected proceeds in millions?
Important information:
text_13: gudrun 2013 in march 2011 , we closed the sale of our outside-operated interests in the gudrun field development and the brynhild and eirin exploration areas offshore norway for net proceeds of $ 85 million , excluding working capital adjustments .
text_22: in june 2009 , we entered into an agreement to sell the subsidiary holding our 19 percent outside-operated interest in the corrib natural gas development offshore ireland .
text_24: additional fixed proceeds of $ 135 million will be received at the earlier of first commercial gas or december 31 , 2012 .
Reasoning Steps:
Step: add1-1(const_100, 135) = 235
Program:
add(const_100, 135)
Program (Nested):
add(const_100, 135)
| finqa524 |
as of december 312012 what was the percent of the total total freight revenues from agriculture
Important information:
table_1: millions the agricultural of 2013 is $ 3276 ; the agricultural of 2012 is $ 3280 ; the agricultural of 2011 is $ 3324 ;
table_7: millions the total freight revenues of 2013 is $ 20684 ; the total freight revenues of 2012 is $ 19686 ; the total freight revenues of 2011 is $ 18508 ;
table_9: millions the total operatingrevenues of 2013 is $ 21963 ; the total operatingrevenues of 2012 is $ 20926 ; the total operatingrevenues of 2011 is $ 19557 ;
Reasoning Steps:
Step: divide1-1(3280, 19686) = 16.7%
Program:
divide(3280, 19686)
Program (Nested):
divide(3280, 19686)
| 0.16662 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 31838 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26009 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and review revenue by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group : millions 2013 2012 2011 .
Table
millions | 2013 | 2012 | 2011
agricultural | $ 3276 | $ 3280 | $ 3324
automotive | 2077 | 1807 | 1510
chemicals | 3501 | 3238 | 2815
coal | 3978 | 3912 | 4084
industrial products | 3822 | 3494 | 3166
intermodal | 4030 | 3955 | 3609
total freight revenues | $ 20684 | $ 19686 | $ 18508
other revenues | 1279 | 1240 | 1049
total operatingrevenues | $ 21963 | $ 20926 | $ 19557
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are revenues from our mexico business which amounted to $ 2.1 billion in 2013 , $ 1.9 billion in 2012 , and $ 1.8 billion in 2011 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .
Question:
as of december 312012 what was the percent of the total total freight revenues from agriculture
Important information:
table_1: millions the agricultural of 2013 is $ 3276 ; the agricultural of 2012 is $ 3280 ; the agricultural of 2011 is $ 3324 ;
table_7: millions the total freight revenues of 2013 is $ 20684 ; the total freight revenues of 2012 is $ 19686 ; the total freight revenues of 2011 is $ 18508 ;
table_9: millions the total operatingrevenues of 2013 is $ 21963 ; the total operatingrevenues of 2012 is $ 20926 ; the total operatingrevenues of 2011 is $ 19557 ;
Reasoning Steps:
Step: divide1-1(3280, 19686) = 16.7%
Program:
divide(3280, 19686)
Program (Nested):
divide(3280, 19686)
| finqa525 |
what was the change in the annual performance of the jkhy stock from 2009 to 2010
Important information:
text_0: 28 2014 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2014 , of the market performance of the company 2019s common stock with the s & p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
table_1: the jkhy of 2009 is 100.00 ; the jkhy of 2010 is 116.85 ; the jkhy of 2011 is 148.92 ; the jkhy of 2012 is 173.67 ; the jkhy of 2013 is 240.25 ; the jkhy of 2014 is 307.57 ;
table_4: the s & p 500 of 2009 is 100.00 ; the s & p 500 of 2010 is 114.43 ; the s & p 500 of 2011 is 149.55 ; the s & p 500 of 2012 is 157.70 ; the s & p 500 of 2013 is 190.18 ; the s & p 500 of 2014 is 236.98 ;
Reasoning Steps:
Step: minus1-1(116.85, 100.00) = 16.85
Step: divide1-2(#0, const_100) = 16.85%
Program:
subtract(116.85, 100.00), divide(#0, const_100)
Program (Nested):
divide(subtract(116.85, 100.00), const_100)
| 0.1685 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
28 2014 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2014 , of the market performance of the company 2019s common stock with the s & p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
Table
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014
jkhy | 100.00 | 116.85 | 148.92 | 173.67 | 240.25 | 307.57
old peer group | 100.00 | 112.45 | 150.77 | 176.12 | 220.42 | 275.73
new peer group | 100.00 | 115.50 | 159.31 | 171.86 | 198.72 | 273.95
s & p 500 | 100.00 | 114.43 | 149.55 | 157.70 | 190.18 | 236.98
this comparison assumes $ 100 was invested on june 30 , 2009 , and assumes reinvestments of dividends . total returns are calculated according to market capitalization of peer group members at the beginning of each period . peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses . in fiscal 2014 , we changed our peer group of companies used for this analysis to maintain alignment with peer companies selected by our compensation committee for use in determining compensation for executive management . companies in the new peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , heartland payment systems , inc. , micros systems , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. . companies in the old peer group are aci worldwide , inc. , bottomline technology , inc. , cerner corp. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , sei investments company , telecommunications systems , inc. , and tyler technologies corp. .
Question:
what was the change in the annual performance of the jkhy stock from 2009 to 2010
Important information:
text_0: 28 2014 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2014 , of the market performance of the company 2019s common stock with the s & p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
table_1: the jkhy of 2009 is 100.00 ; the jkhy of 2010 is 116.85 ; the jkhy of 2011 is 148.92 ; the jkhy of 2012 is 173.67 ; the jkhy of 2013 is 240.25 ; the jkhy of 2014 is 307.57 ;
table_4: the s & p 500 of 2009 is 100.00 ; the s & p 500 of 2010 is 114.43 ; the s & p 500 of 2011 is 149.55 ; the s & p 500 of 2012 is 157.70 ; the s & p 500 of 2013 is 190.18 ; the s & p 500 of 2014 is 236.98 ;
Reasoning Steps:
Step: minus1-1(116.85, 100.00) = 16.85
Step: divide1-2(#0, const_100) = 16.85%
Program:
subtract(116.85, 100.00), divide(#0, const_100)
Program (Nested):
divide(subtract(116.85, 100.00), const_100)
| finqa526 |
what is the roi of an investment in loews common stock from 2010 to 2012?
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: minus2-1(106.04, const_100) = 6.04
Step: divide2-2(#0, const_100) = 6.0%
Program:
subtract(106.04, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(106.04, const_100), const_100)
| 0.0604 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 2012?
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: minus2-1(106.04, const_100) = 6.04
Step: divide2-2(#0, const_100) = 6.0%
Program:
subtract(106.04, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(106.04, const_100), const_100)
| finqa527 |
how much of the total contractual commitments are current?
Important information:
text_0: contractual obligations and commercial commitments the following table ( in thousands ) summarizes our contractual obligations at march 31 , 2007 and the effects such obligations are expected to have on our liquidity and cash flows in future periods. .
table_1: contractual obligations the operating lease obligations of payments due by fiscal year total is $ 7669 ; the operating lease obligations of payments due by fiscal year less than 1 year is $ 1960 ; the operating lease obligations of payments due by fiscal year 1-3 years is $ 3441 ; the operating lease obligations of payments due by fiscal year 3-5 years is $ 1652 ; the operating lease obligations of payments due by fiscal year more than 5 years is $ 616 ;
table_3: contractual obligations the total obligations of payments due by fiscal year total is $ 14090 ; the total obligations of payments due by fiscal year less than 1 year is $ 8381 ; the total obligations of payments due by fiscal year 1-3 years is $ 3441 ; the total obligations of payments due by fiscal year 3-5 years is $ 1652 ; the total obligations of payments due by fiscal year more than 5 years is $ 616 ;
Reasoning Steps:
Step: divide2-1(8381, 14090) = 59.5%
Program:
divide(8381, 14090)
Program (Nested):
divide(8381, 14090)
| 0.59482 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 and commercial commitments the following table ( in thousands ) summarizes our contractual obligations at march 31 , 2007 and the effects such obligations are expected to have on our liquidity and cash flows in future periods. .
Table
contractual obligations | payments due by fiscal year total | payments due by fiscal year less than 1 year | payments due by fiscal year 1-3 years | payments due by fiscal year 3-5 years | payments due by fiscal year more than 5 years
operating lease obligations | $ 7669 | $ 1960 | $ 3441 | $ 1652 | $ 616
purchase obligations | 6421 | 6421 | 2014 | 2014 | 2014
total obligations | $ 14090 | $ 8381 | $ 3441 | $ 1652 | $ 616
we have no long-term debt , capital leases or material commitments at march 31 , 2007 other than those shown in the table above . in may 2005 , we acquired all the shares of outstanding capital stock of impella cardiosystems ag , a company headquartered in aachen , germany . the aggregate purchase price excluding a contingent payment in the amount of $ 5.6 million made on january 30 , 2007 in the form of common stock , was approximately $ 45.1 million , which consisted of $ 42.2 million of our common stock , $ 1.6 million of cash paid to certain former shareholders of impella , and $ 1.3 million of transaction costs , consisting primarily of fees paid for financial advisory and legal services . we may make additional contingent payments to impella 2019s former shareholders based on additional milestone payments related to fda approvals in the amount of up to $ 11.2 million . these contingent payments may be made in a combination of cash or stock under circumstances described in the purchase agreement . if any contingent payments are made , they will result in an increase to the carrying value of goodwill . we apply the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to our agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which we are a guarantor . we enter into agreements with other companies in the ordinary course of business , typically with underwriters , contractors , clinical sites and customers that include indemnification provisions . under these provisions we generally indemnify and hold harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of our activities . these indemnification provisions generally survive termination of the underlying agreement . the maximum potential amount of future payments we could be required to make under these indemnification provisions is unlimited . we have never incurred any material costs to defend lawsuits or settle claims related to these indemnification agreements . as a result , the estimated fair value of these agreements is minimal . accordingly , we have no liabilities recorded for these agreements as of march 31 , 2007 . clinical study agreements 2013 in our clinical study agreements , we have agreed to indemnify the participating institutions against losses incurred by them for claims related to any personal injury of subjects taking part in the study to the extent they relate to use of our devices in accordance with the clinical study agreement , the protocol for the device and our instructions . the indemnification provisions contained within our clinical study agreements do not generally include limits on the claims . we have never incurred any material costs related to the indemnification provisions contained in our clinical study agreements . product warranties 2014we routinely accrue for estimated future warranty costs on our product sales at the time of shipment . all of our products are subject to rigorous regulation and quality standards . while we engage in extensive product quality programs and processes , including monitoring and evaluating the quality of our component suppliers , our warranty obligations are affected by product failure rates . our operating results could be adversely affected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , we indemnify customers against possible claims of patent infringement caused by our products . the indemnifications contained within sales contracts usually do not include limits on the claims . we have never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only. .
Question:
how much of the total contractual commitments are current?
Important information:
text_0: contractual obligations and commercial commitments the following table ( in thousands ) summarizes our contractual obligations at march 31 , 2007 and the effects such obligations are expected to have on our liquidity and cash flows in future periods. .
table_1: contractual obligations the operating lease obligations of payments due by fiscal year total is $ 7669 ; the operating lease obligations of payments due by fiscal year less than 1 year is $ 1960 ; the operating lease obligations of payments due by fiscal year 1-3 years is $ 3441 ; the operating lease obligations of payments due by fiscal year 3-5 years is $ 1652 ; the operating lease obligations of payments due by fiscal year more than 5 years is $ 616 ;
table_3: contractual obligations the total obligations of payments due by fiscal year total is $ 14090 ; the total obligations of payments due by fiscal year less than 1 year is $ 8381 ; the total obligations of payments due by fiscal year 1-3 years is $ 3441 ; the total obligations of payments due by fiscal year 3-5 years is $ 1652 ; the total obligations of payments due by fiscal year more than 5 years is $ 616 ;
Reasoning Steps:
Step: divide2-1(8381, 14090) = 59.5%
Program:
divide(8381, 14090)
Program (Nested):
divide(8381, 14090)
| finqa528 |
in november 2015 what was the percent of the discounts and debt issuance costs to the long-term debt november 2015 notes in millions
Important information:
text_11: long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .
text_16: the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .
text_17: the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .
Reasoning Steps:
Step: minus2-1(const_7, 6.9) = 0.1
Step: divide2-2(#0, 7.0) = 1.42%
Program:
subtract(const_7, 6.9), divide(#0, 7.0)
Program (Nested):
divide(subtract(const_7, 6.9), 7.0)
| 0.01429 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 10 2013 debt our long-term debt consisted of the following ( in millions ) : .
Table
| 2015 | 2014
notes with rates from 1.85% ( 1.85 % ) to 3.80% ( 3.80 % ) due 2016 to 2045 | $ 8150 | $ 1400
notes with rates from 4.07% ( 4.07 % ) to 5.72% ( 5.72 % ) due 2019 to 2046 | 6089 | 3589
notes with rates from 6.15% ( 6.15 % ) to 9.13% ( 9.13 % ) due 2016 to 2036 | 1941 | 1941
other debt | 116 | 111
total long-term debt | 16296 | 7041
less : unamortized discounts and deferred financing costs | -1035 ( 1035 ) | -899 ( 899 )
total long-term debt net | $ 15261 | $ 6142
revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 . the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes . the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper . we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million . there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky . concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility . on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility . borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements . each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement . as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements . long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering . we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt . the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) . we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption . interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 . the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness . the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .
Question:
in november 2015 what was the percent of the discounts and debt issuance costs to the long-term debt november 2015 notes in millions
Important information:
text_11: long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .
text_16: the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .
text_17: the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .
Reasoning Steps:
Step: minus2-1(const_7, 6.9) = 0.1
Step: divide2-2(#0, 7.0) = 1.42%
Program:
subtract(const_7, 6.9), divide(#0, 7.0)
Program (Nested):
divide(subtract(const_7, 6.9), 7.0)
| finqa529 |
purchase commitments ( in thousands ) totaled what for 2010 and 2011?
Important information:
text_1: total purchase commitments are as follows: .
table_1: the 2010 of ( in thousands ) is $ 6951 ;
table_2: the 2011 of ( in thousands ) is 5942 ;
Reasoning Steps:
Step: add1-1(6951, 5942) = 12893
Program:
add(6951, 5942)
Program (Nested):
add(6951, 5942)
| 12893.0 | 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:
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:
purchase commitments ( in thousands ) totaled what for 2010 and 2011?
Important information:
text_1: total purchase commitments are as follows: .
table_1: the 2010 of ( in thousands ) is $ 6951 ;
table_2: the 2011 of ( in thousands ) is 5942 ;
Reasoning Steps:
Step: add1-1(6951, 5942) = 12893
Program:
add(6951, 5942)
Program (Nested):
add(6951, 5942)
| finqa530 |
what was the percentage total cumulative return on investment for united parcel service inc . for the five years ended 12/31/06?
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_2: the s&p 500 index of 12/31/01 is $ 100.00 ; the s&p 500 index of 12/31/02 is $ 77.90 ; the s&p 500 index of 12/31/03 is $ 100.24 ; the s&p 500 index of 12/31/04 is $ 111.15 ; the s&p 500 index of 12/31/05 is $ 116.61 ; the s&p 500 index of 12/31/06 is $ 135.02 ;
Reasoning Steps:
Step: minus1-1(148.92, const_100) = 48.92
Step: divide1-2(#0, const_100) = 48.92%
Program:
subtract(148.92, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(148.92, const_100), const_100)
| 0.4892 | Please answer the following financial question based on the context provided. Make sure to give the answer 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:
what was the percentage total cumulative return on investment for united parcel service inc . for the five years ended 12/31/06?
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_2: the s&p 500 index of 12/31/01 is $ 100.00 ; the s&p 500 index of 12/31/02 is $ 77.90 ; the s&p 500 index of 12/31/03 is $ 100.24 ; the s&p 500 index of 12/31/04 is $ 111.15 ; the s&p 500 index of 12/31/05 is $ 116.61 ; the s&p 500 index of 12/31/06 is $ 135.02 ;
Reasoning Steps:
Step: minus1-1(148.92, const_100) = 48.92
Step: divide1-2(#0, const_100) = 48.92%
Program:
subtract(148.92, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(148.92, const_100), const_100)
| finqa531 |
what is the percentage change in the unamortized debt issuance costs associated with the senior notes from 2016 to 2017?
Important information:
table_1: ( $ in millions ) the senior notes due december 15 2021 5.000% ( 5.000 % ) of december 31 2017 is 2014 ; the senior notes due december 15 2021 5.000% ( 5.000 % ) of december 31 2016 is 600 ;
table_3: ( $ in millions ) the senior notes due december 1 2027 3.483% ( 3.483 % ) of december 31 2017 is 600 ; the senior notes due december 1 2027 3.483% ( 3.483 % ) of december 31 2016 is 2014 ;
text_22: the company had unamortized debt issuance costs associated with the senior notes of $ 15 million and $ 19 million as of december 31 , 2017 and 2016 , respectively. .
Reasoning Steps:
Step: minus1-1(15, 19) = -4
Step: divide1-2(#0, 19) = -21.1%
Program:
subtract(15, 19), divide(#0, 19)
Program (Nested):
divide(subtract(15, 19), 19)
| -0.21053 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
as of december 31 , 2017 , the company had gross state income tax credit carry-forwards of approximately $ 20 million , which expire from 2018 through 2020 . a deferred tax asset of approximately $ 16 million ( net of federal benefit ) has been established related to these state income tax credit carry-forwards , with a valuation allowance of $ 7 million against such deferred tax asset as of december 31 , 2017 . the company had a gross state net operating loss carry-forward of $ 39 million , which expires in 2027 . a deferred tax asset of approximately $ 3 million ( net of federal benefit ) has been established for the net operating loss carry-forward , with a full valuation allowance as of december 31 , 2017 . other state and foreign net operating loss carry-forwards are separately and cumulatively immaterial to the company 2019s deferred tax balances and expire between 2026 and 2036 . 14 . debt long-term debt consisted of the following: .
Table
( $ in millions ) | december 31 2017 | december 31 2016
senior notes due december 15 2021 5.000% ( 5.000 % ) | 2014 | 600
senior notes due november 15 2025 5.000% ( 5.000 % ) | 600 | 600
senior notes due december 1 2027 3.483% ( 3.483 % ) | 600 | 2014
mississippi economic development revenue bonds due may 1 2024 7.81% ( 7.81 % ) | 84 | 84
gulf opportunity zone industrial development revenue bonds due december 1 2028 4.55% ( 4.55 % ) | 21 | 21
less unamortized debt issuance costs | -26 ( 26 ) | -27 ( 27 )
total long-term debt | 1279 | 1278
credit facility - in november 2017 , the company terminated its second amended and restated credit agreement and entered into a new credit agreement ( the "credit facility" ) with third-party lenders . the credit facility includes a revolving credit facility of $ 1250 million , which may be drawn upon during a period of five years from november 22 , 2017 . the revolving credit facility includes a letter of credit subfacility of $ 500 million . the revolving credit facility has a variable interest rate on outstanding borrowings based on the london interbank offered rate ( "libor" ) plus a spread based upon the company's credit rating , which may vary between 1.125% ( 1.125 % ) and 1.500% ( 1.500 % ) . the revolving credit facility also has a commitment fee rate on the unutilized balance based on the company 2019s leverage ratio . the commitment fee rate as of december 31 , 2017 was 0.25% ( 0.25 % ) and may vary between 0.20% ( 0.20 % ) and 0.30% ( 0.30 % ) . the credit facility contains customary affirmative and negative covenants , as well as a financial covenant based on a maximum total leverage ratio . each of the company's existing and future material wholly owned domestic subsidiaries , except those that are specifically designated as unrestricted subsidiaries , are and will be guarantors under the credit facility . in july 2015 , the company used cash on hand to repay all amounts outstanding under a prior credit facility , including $ 345 million in principal amount of outstanding term loans . as of december 31 , 2017 , $ 15 million in letters of credit were issued but undrawn , and the remaining $ 1235 million of the revolving credit facility was unutilized . the company had unamortized debt issuance costs associated with its credit facilities of $ 11 million and $ 8 million as of december 31 , 2017 and 2016 , respectively . senior notes - in december 2017 , the company issued $ 600 million aggregate principal amount of unregistered 3.483% ( 3.483 % ) senior notes with registration rights due december 2027 , the net proceeds of which were used to repurchase the company's 5.000% ( 5.000 % ) senior notes due in 2021 in connection with the 2017 redemption described below . in november 2015 , the company issued $ 600 million aggregate principal amount of unregistered 5.000% ( 5.000 % ) senior notes due november 2025 , the net proceeds of which were used to repurchase the company's 7.125% ( 7.125 % ) senior notes due in 2021 in connection with the 2015 tender offer and redemption described below . interest on the company's senior notes is payable semi-annually . the terms of the 5.000% ( 5.000 % ) and 3.483% ( 3.483 % ) senior notes limit the company 2019s ability and the ability of certain of its subsidiaries to create liens , enter into sale and leaseback transactions , sell assets , and effect consolidations or mergers . the company had unamortized debt issuance costs associated with the senior notes of $ 15 million and $ 19 million as of december 31 , 2017 and 2016 , respectively. .
Question:
what is the percentage change in the unamortized debt issuance costs associated with the senior notes from 2016 to 2017?
Important information:
table_1: ( $ in millions ) the senior notes due december 15 2021 5.000% ( 5.000 % ) of december 31 2017 is 2014 ; the senior notes due december 15 2021 5.000% ( 5.000 % ) of december 31 2016 is 600 ;
table_3: ( $ in millions ) the senior notes due december 1 2027 3.483% ( 3.483 % ) of december 31 2017 is 600 ; the senior notes due december 1 2027 3.483% ( 3.483 % ) of december 31 2016 is 2014 ;
text_22: the company had unamortized debt issuance costs associated with the senior notes of $ 15 million and $ 19 million as of december 31 , 2017 and 2016 , respectively. .
Reasoning Steps:
Step: minus1-1(15, 19) = -4
Step: divide1-2(#0, 19) = -21.1%
Program:
subtract(15, 19), divide(#0, 19)
Program (Nested):
divide(subtract(15, 19), 19)
| finqa532 |
what was the difference in percentage cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock and the s&p 500 for the period ended december 30 , 2006?
Important information:
text_3: nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends .
table_1: the cadence design systems inc . of december 29 2001 is 100.00 ; the cadence design systems inc . of december 28 2002 is 54.38 ; the cadence design systems inc . of january 3 2004 is 81.52 ; the cadence design systems inc . of january 1 2005 is 61.65 ; the cadence design systems inc . of december 31 2005 is 75.54 ; the cadence design systems inc . of december 30 2006 is 79.96 ;
table_2: the s & p 500 of december 29 2001 is 100.00 ; the s & p 500 of december 28 2002 is 77.90 ; the s & p 500 of january 3 2004 is 100.24 ; the s & p 500 of january 1 2005 is 111.15 ; the s & p 500 of december 31 2005 is 116.61 ; the s & p 500 of december 30 2006 is 135.03 ;
Reasoning Steps:
Step: minus2-1(79.96, const_100) = -20.04
Step: divide2-2(#0, const_100) = -20.04%
Step: minus2-3(135.03, const_100) = 35.03
Step: divide2-4(#2, const_100) = 35.03%
Step: minus2-5(#1, #3) = 55.07%
Program:
subtract(79.96, const_100), divide(#0, const_100), subtract(135.03, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(79.96, const_100), const_100), divide(subtract(135.03, const_100), const_100))
| -0.5507 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following graph compares the cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock relative to the cumulative total returns of the s & p 500 index , the nasdaq composite index and the s & p information technology index . the graph assumes that the value of the investment in the company 2019s common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on december 29 , 2001 and tracks it through december 30 , 2006 . comparison of 5 year cumulative total return* among cadence design systems , inc. , the s & p 500 index , the nasdaq composite index and the s & p information technology index 12/30/0612/31/051/1/051/3/0412/28/0212/29/01 cadence design systems , inc . nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends . indexes calculated on month-end basis . copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm december 29 , december 28 , january 3 , january 1 , december 31 , december 30 .
Table
| december 29 2001 | december 28 2002 | january 3 2004 | january 1 2005 | december 31 2005 | december 30 2006
cadence design systems inc . | 100.00 | 54.38 | 81.52 | 61.65 | 75.54 | 79.96
s & p 500 | 100.00 | 77.90 | 100.24 | 111.15 | 116.61 | 135.03
nasdaq composite | 100.00 | 71.97 | 107.18 | 117.07 | 120.50 | 137.02
s & p information technology | 100.00 | 62.59 | 92.14 | 94.50 | 95.44 | 103.47
.
Question:
what was the difference in percentage cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock and the s&p 500 for the period ended december 30 , 2006?
Important information:
text_3: nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends .
table_1: the cadence design systems inc . of december 29 2001 is 100.00 ; the cadence design systems inc . of december 28 2002 is 54.38 ; the cadence design systems inc . of january 3 2004 is 81.52 ; the cadence design systems inc . of january 1 2005 is 61.65 ; the cadence design systems inc . of december 31 2005 is 75.54 ; the cadence design systems inc . of december 30 2006 is 79.96 ;
table_2: the s & p 500 of december 29 2001 is 100.00 ; the s & p 500 of december 28 2002 is 77.90 ; the s & p 500 of january 3 2004 is 100.24 ; the s & p 500 of january 1 2005 is 111.15 ; the s & p 500 of december 31 2005 is 116.61 ; the s & p 500 of december 30 2006 is 135.03 ;
Reasoning Steps:
Step: minus2-1(79.96, const_100) = -20.04
Step: divide2-2(#0, const_100) = -20.04%
Step: minus2-3(135.03, const_100) = 35.03
Step: divide2-4(#2, const_100) = 35.03%
Step: minus2-5(#1, #3) = 55.07%
Program:
subtract(79.96, const_100), divide(#0, const_100), subtract(135.03, const_100), divide(#2, const_100), subtract(#1, #3)
Program (Nested):
subtract(divide(subtract(79.96, const_100), const_100), divide(subtract(135.03, const_100), const_100))
| finqa533 |
total future minimum lease payments due after 5 years are what percent of the total remaining?
Important information:
table_1: year ending march 31, the 2005 of operating leases is $ 781 ;
table_6: year ending march 31, the thereafter of operating leases is 708 ;
table_7: year ending march 31, the total future minimum lease payments of operating leases is $ 4578 ;
Reasoning Steps:
Step: divide2-1(708, 4578) = 15%
Program:
divide(708, 4578)
Program (Nested):
divide(708, 4578)
| 0.15465 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements ( continued ) march 31 , 2004 5 . income taxes ( continued ) the effective tax rate of zero differs from the statutory rate of 34% ( 34 % ) primarily due to the inability of the company to recognize deferred tax assets for its operating losses and tax credits . of the total valuation allowance , approximately $ 2400000 relates to stock option compensation deductions . the tax benefit associated with the stock option compensation deductions will be credited to equity when realized . 6 . commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 , accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2013 the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . while the company engages in extensive product quality programs and processes , including monitoring and evaluating the quality of component suppliers , its warranty obligation is affected by product failure rates . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2013 in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2004 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the company has elected not to exercise a buyout option available under its primary lease that would have allowed for early termination in 2005 . total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 856000 , $ 823000 and $ 821000 for the fiscal years ended march 31 , 2002 , 2003 and 2004 , respectively . during the fiscal year ended march 31 , 2000 , the company entered into 36-month operating leases totaling approximately $ 644000 for the lease of office furniture . these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased . rental expense recorded for these leases during the fiscal years ended march 31 , 2002 and 2003 was approximately $ 215000 and $ 127000 respectively . during fiscal 2000 , the company entered into a 36-month capital lease for computer equipment and software for approximately $ 221000 . this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased . future minimum lease payments under all non-cancelable operating leases as of march 31 , 2004 are approximately as follows ( in thousands ) : .
Table
year ending march 31, | operating leases
2005 | $ 781
2006 | 776
2007 | 769
2008 | 772
2009 | 772
thereafter | 708
total future minimum lease payments | $ 4578
from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , will not have a material adverse effect on the company. .
Question:
total future minimum lease payments due after 5 years are what percent of the total remaining?
Important information:
table_1: year ending march 31, the 2005 of operating leases is $ 781 ;
table_6: year ending march 31, the thereafter of operating leases is 708 ;
table_7: year ending march 31, the total future minimum lease payments of operating leases is $ 4578 ;
Reasoning Steps:
Step: divide2-1(708, 4578) = 15%
Program:
divide(708, 4578)
Program (Nested):
divide(708, 4578)
| finqa534 |
what is the yearly interest expense incurred from the $ 375 million note with a fixed rate?
Important information:
text_0: we hold an interest rate swap agreement to hedge the benchmark interest rate of our $ 375 million 5.0% ( 5.0 % ) senior unsecured notes due july 1 , 2014 .
text_3: if libor increases by 100 basis points , our annual interest expense would increase by approximately $ 5 million .
text_4: however , this hypothetical change in interest rates would not impact the interest expense on our $ 375 million of 3% ( 3 % ) fixed-rate debt , which is not hedged .
Reasoning Steps:
Step: multiply2-1(375, 3%) = 11.3
Program:
multiply(375, 3%)
Program (Nested):
multiply(375, 3%)
| 11.25 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
we hold an interest rate swap agreement to hedge the benchmark interest rate of our $ 375 million 5.0% ( 5.0 % ) senior unsecured notes due july 1 , 2014 . the effect of the swap is to convert our 5.0% ( 5.0 % ) fixed interest rate to a variable interest rate based on the three-month libor plus 2.05% ( 2.05 % ) ( 2.42% ( 2.42 % ) as of october 29 , 2011 ) . in addition , we have a term loan facility of $ 145 million that bears interest at a fluctuating rate for each period equal to the libor rate corresponding with the tenor of the interest period plus a spread of 1.25% ( 1.25 % ) ( 1.61% ( 1.61 % ) as of october 29 , 2011 ) . if libor increases by 100 basis points , our annual interest expense would increase by approximately $ 5 million . however , this hypothetical change in interest rates would not impact the interest expense on our $ 375 million of 3% ( 3 % ) fixed-rate debt , which is not hedged . as of october 30 , 2010 , a similar 100 basis point increase in libor would have resulted in an increase of approximately $ 4 million to our annual interest expense . foreign currency exposure as more fully described in note 2i in the notes to consolidated financial statements contained in item 8 of this annual report on form 10-k , we regularly hedge our non-u.s . dollar-based exposures by entering into forward foreign currency exchange contracts . the terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months . currently , our largest foreign currency exposure is the euro , primarily because our european operations have the highest proportion of our local currency denominated expenses . relative to foreign currency exposures existing at october 29 , 2011 and october 30 , 2010 , a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates over the course of the year would expose us to approximately $ 6 million in losses in earnings or cash flows . the market risk associated with our derivative instruments results from currency exchange rates that are expected to offset the market risk of the underlying transactions , assets and liabilities being hedged . the counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings . based on the credit ratings of our counterparties as of october 29 , 2011 , we do not believe that there is significant risk of nonperformance by them . while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions , they do not represent the amount of our exposure to credit risk . the amounts potentially subject to credit risk ( arising from the possible inability of counterparties to meet the terms of their contracts ) are generally limited to the amounts , if any , by which the counterparties 2019 obligations under the contracts exceed our obligations to the counterparties . the following table illustrates the effect that a 10% ( 10 % ) unfavorable or favorable movement in foreign currency exchange rates , relative to the u.s . dollar , would have on the fair value of our forward exchange contracts as of october 29 , 2011 and october 30 , 2010: .
Table
| october 29 2011 | october 30 2010
fair value of forward exchange contracts asset | $ 2472 | $ 7256
fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset | $ 17859 | $ 22062
fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability | $ -13332 ( 13332 ) | $ -7396 ( 7396 )
fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset . . . . . . . . . . . . . . . . . $ 17859 $ 22062 fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability . . . . . . . . . . . . . . . . . . . . . . . $ ( 13332 ) $ ( 7396 ) the calculation assumes that each exchange rate would change in the same direction relative to the u.s . dollar . in addition to the direct effects of changes in exchange rates , such changes typically affect the volume of sales or the foreign currency sales price as competitors 2019 products become more or less attractive . our sensitivity analysis of the effects of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency selling prices. .
Question:
what is the yearly interest expense incurred from the $ 375 million note with a fixed rate?
Important information:
text_0: we hold an interest rate swap agreement to hedge the benchmark interest rate of our $ 375 million 5.0% ( 5.0 % ) senior unsecured notes due july 1 , 2014 .
text_3: if libor increases by 100 basis points , our annual interest expense would increase by approximately $ 5 million .
text_4: however , this hypothetical change in interest rates would not impact the interest expense on our $ 375 million of 3% ( 3 % ) fixed-rate debt , which is not hedged .
Reasoning Steps:
Step: multiply2-1(375, 3%) = 11.3
Program:
multiply(375, 3%)
Program (Nested):
multiply(375, 3%)
| finqa535 |
if overall freight revenues in 2014 grow as the same rate as agricultural arc growth , what would projected 2015 revenues be in millions?
Important information:
table_1: millions the freight revenues of 2014 is $ 22560 ; the freight revenues of 2013 is $ 20684 ; the freight revenues of 2012 is $ 19686 ; the freight revenues of % ( % ) change 2014 v 2013 is 9% ( 9 % ) ; the freight revenues of % ( % ) change 2013 v 2012 is 5% ( 5 % ) ;
table_3: millions the total of 2014 is $ 23988 ; the total of 2013 is $ 21963 ; the total of 2012 is $ 20926 ; the total of % ( % ) change 2014 v 2013 is 9% ( 9 % ) ; the total of % ( % ) change 2013 v 2012 is 5% ( 5 % ) ;
text_15: our fuel surcharge programs generated freight revenues of $ 2.8 billion , $ 2.6 billion , and $ 2.6 billion in 2014 , 2013 , and 2012 , respectively .
Reasoning Steps:
Step: add2-1(22560, 5%) = 23688
Program:
add(22560, 5%)
Program (Nested):
add(22560, 5%)
| 22560.05 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
results of operations operating revenues millions 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 .
Table
millions | 2014 | 2013 | 2012 | % ( % ) change 2014 v 2013 | % ( % ) change 2013 v 2012
freight revenues | $ 22560 | $ 20684 | $ 19686 | 9% ( 9 % ) | 5% ( 5 % )
other revenues | 1428 | 1279 | 1240 | 12% ( 12 % ) | 3% ( 3 % )
total | $ 23988 | $ 21963 | $ 20926 | 9% ( 9 % ) | 5% ( 5 % )
we generate freight revenues by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments . we recognize freight revenues as shipments move from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues from all six commodity groups increased during 2014 compared to 2013 driven by 7% ( 7 % ) volume growth and core pricing gains of 2.5% ( 2.5 % ) . volume growth from grain , frac sand , rock , and intermodal ( domestic and international ) shipments offset declines in crude oil . freight revenues from five of our six commodity groups increased during 2013 compared to 2012 . revenue from agricultural products was down slightly compared to 2012 . arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement . volume essentially was flat year over year as growth in automotive , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments . our fuel surcharge programs generated freight revenues of $ 2.8 billion , $ 2.6 billion , and $ 2.6 billion in 2014 , 2013 , and 2012 , respectively . fuel surcharge in 2014 increased 6% ( 6 % ) driven by our 7% ( 7 % ) carloadings increase . fuel surcharge in 2013 essentially was flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) . in 2014 , other revenue increased from 2013 due to higher revenues at our subsidiaries , primarily those that broker intermodal and automotive services , accessorial revenue driven by increased volume and per diem revenue for container usage ( previously included in automotive freight revenue ) . in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services. .
Question:
if overall freight revenues in 2014 grow as the same rate as agricultural arc growth , what would projected 2015 revenues be in millions?
Important information:
table_1: millions the freight revenues of 2014 is $ 22560 ; the freight revenues of 2013 is $ 20684 ; the freight revenues of 2012 is $ 19686 ; the freight revenues of % ( % ) change 2014 v 2013 is 9% ( 9 % ) ; the freight revenues of % ( % ) change 2013 v 2012 is 5% ( 5 % ) ;
table_3: millions the total of 2014 is $ 23988 ; the total of 2013 is $ 21963 ; the total of 2012 is $ 20926 ; the total of % ( % ) change 2014 v 2013 is 9% ( 9 % ) ; the total of % ( % ) change 2013 v 2012 is 5% ( 5 % ) ;
text_15: our fuel surcharge programs generated freight revenues of $ 2.8 billion , $ 2.6 billion , and $ 2.6 billion in 2014 , 2013 , and 2012 , respectively .
Reasoning Steps:
Step: add2-1(22560, 5%) = 23688
Program:
add(22560, 5%)
Program (Nested):
add(22560, 5%)
| finqa536 |
what is the net change in the total investment from 2010 to 2011?
Important information:
text_0: contingent consideration of up to $ 13.8 million .
text_19: the components of the investments as of october 29 , 2011 and october 30 , 2010 were as follows: .
table_3: the total deferred compensation plan investments of 2011 is $ 26410 ; the total deferred compensation plan investments of 2010 is $ 8690 ;
Reasoning Steps:
Step: minus2-1(26410, 8690) = 17720
Program:
subtract(26410, 8690)
Program (Nested):
subtract(26410, 8690)
| 17720.0 | 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:
contingent consideration of up to $ 13.8 million . the contingent consideration arrangement requires additional cash payments to the former equity holders of lyric upon the achievement of certain technological and product development milestones payable during the period from june 2011 through june 2016 . the company estimated the fair value of the contingent consideration arrangement utilizing the income approach . changes in the fair value of the contingent consideration subsequent to the acquisition date primarily driven by assumptions pertaining to the achievement of the defined milestones will be recognized in operating income in the period of the estimated fair value change . as of october 29 , 2011 , no contingent payments have been made and the fair value of the contingent consideration was approximately $ 14.0 million . the company allocated the purchase price to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition , resulting in the recognition of $ 12.2 million of ipr&d , $ 18.9 million of goodwill and $ 3.3 million of net deferred tax liabilities . the goodwill recognized is attributable to future technologies that have yet to be determined as well as the assembled workforce of lyric . future technologies do not meet the criteria for recognition separately from goodwill because they are a part of future development and growth of the business . none of the goodwill is expected to be deductible for tax purposes . in addition , the company will be obligated to pay royalties to the former equity holders of lyric on revenue recognized from the sale of lyric products and licenses through the earlier of 20 years or the accrual of a maximum of $ 25 million . royalty payments to lyric employees require post-acquisition services to be rendered and , as such , the company will record these amounts as compensation expense in the related periods . as of october 29 , 2011 , no royalty payments have been made . the company recognized $ 0.2 million of acquisition-related costs that were expensed in the third quarter of fiscal 2011 . these costs are included in operating expenses in the consolidated statement of income . the company has not provided pro forma results of operations for integrant , audioasics and lyric herein as they were not material to the company on either an individual or an aggregate basis . the company included the results of operations of each acquisition in its consolidated statement of income from the date of such acquisition . 7 . deferred compensation plan investments investments in the analog devices , inc . deferred compensation plan ( the deferred compensation plan ) are classified as trading . the components of the investments as of october 29 , 2011 and october 30 , 2010 were as follows: .
Table
| 2011 | 2010
money market funds | $ 17187 | $ 1840
mutual funds | 9223 | 6850
total deferred compensation plan investments | $ 26410 | $ 8690
the fair values of these investments are based on published market quotes on october 29 , 2011 and october 30 , 2010 , respectively . adjustments to the fair value of , and income pertaining to , deferred compensation plan investments are recorded in operating expenses . gross realized and unrealized gains and losses from trading securities were not material in fiscal 2011 , 2010 or 2009 . the company has recorded a corresponding liability for amounts owed to the deferred compensation plan participants ( see note 10 ) . these investments are specifically designated as available to the company solely for the purpose of paying benefits under the deferred compensation plan . however , in the event the company became insolvent , the investments would be available to all unsecured general creditors . 8 . other investments other investments consist of equity securities and other long-term investments . investments are stated at fair value , which is based on market quotes or on a cost-basis , dependent on the nature of the investment , as appropriate . adjustments to the fair value of investments classified as available-for-sale are recorded as an increase or decrease analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question:
what is the net change in the total investment from 2010 to 2011?
Important information:
text_0: contingent consideration of up to $ 13.8 million .
text_19: the components of the investments as of october 29 , 2011 and october 30 , 2010 were as follows: .
table_3: the total deferred compensation plan investments of 2011 is $ 26410 ; the total deferred compensation plan investments of 2010 is $ 8690 ;
Reasoning Steps:
Step: minus2-1(26410, 8690) = 17720
Program:
subtract(26410, 8690)
Program (Nested):
subtract(26410, 8690)
| finqa537 |
what is the one-percentage-point increase of effect on total of service and interest cost components as a percentage of the effect on other postretirement benefit obligation?
Important information:
text_1: the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) .
table_1: the effect on total of service and interest cost components of one-percentage-pointincrease is $ 7367 ; the effect on total of service and interest cost components of one-percentage-pointdecrease is $ -5974 ( 5974 ) ;
table_2: the effect on other postretirement benefit obligation of one-percentage-pointincrease is $ 72238 ; the effect on other postretirement benefit obligation of one-percentage-pointdecrease is $ -60261 ( 60261 ) ;
Reasoning Steps:
Step: divide2-1(7367, 72238) = 10.2%
Program:
divide(7367, 72238)
Program (Nested):
divide(7367, 72238)
| 0.10198 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
coupons and expected maturity values of individually selected bonds . the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) . historically , for each plan , the discount rate was developed as the level equivalent rate that would produce the same present value as that using spot rates aligned with the projected benefit payments . the expected long-term rate of return on plan assets is based on historical and projected rates of return , prior to administrative and investment management fees , for current and planned asset classes in the plans 2019 investment portfolios . assumed projected rates of return for each of the plans 2019 projected asset classes were selected after analyzing historical experience and future expectations of the returns and volatility of the various asset classes . based on the target asset allocation for each asset class , the overall expected rate of return for the portfolio was developed , adjusted for historical and expected experience of active portfolio management results compared to the benchmark returns and for the effect of expenses paid from plan assets . the company 2019s pension expense increases as the expected return on assets decreases . assumed health care cost trend rates have a significant effect on the amounts reported for the other postretirement benefit plans . the health care cost trend rate is based on historical rates and expected market conditions . a one-percentage-point change in assumed health care cost trend rates would have the following effects : percentage- increase percentage- decrease .
Table
| one-percentage-pointincrease | one-percentage-pointdecrease
effect on total of service and interest cost components | $ 7367 | $ -5974 ( 5974 )
effect on other postretirement benefit obligation | $ 72238 | $ -60261 ( 60261 )
.
Question:
what is the one-percentage-point increase of effect on total of service and interest cost components as a percentage of the effect on other postretirement benefit obligation?
Important information:
text_1: the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) .
table_1: the effect on total of service and interest cost components of one-percentage-pointincrease is $ 7367 ; the effect on total of service and interest cost components of one-percentage-pointdecrease is $ -5974 ( 5974 ) ;
table_2: the effect on other postretirement benefit obligation of one-percentage-pointincrease is $ 72238 ; the effect on other postretirement benefit obligation of one-percentage-pointdecrease is $ -60261 ( 60261 ) ;
Reasoning Steps:
Step: divide2-1(7367, 72238) = 10.2%
Program:
divide(7367, 72238)
Program (Nested):
divide(7367, 72238)
| finqa538 |
what was the percent of the value of the interest retained by upri from 2007 to 2008 was $ 431 million and $ 471 million , respectively .
Important information:
text_12: the value of the outstanding undivided interest held by investors under the facility was $ 584 million and $ 600 million at december 31 , 2008 and 2007 , respectively .
text_15: the value of the undivided interest held by investors was supported by $ 1015 million and $ 1071 million of accounts receivable held by upri at december 31 , 2008 and 2007 , respectively .
text_16: at december 31 , 2008 and 2007 , the value of the interest retained by upri was $ 431 million and $ 471 million , respectively .
Reasoning Steps:
Step: minus1-1(431, 471) = -40
Step: divide1-2(#0, 471) = -8.5%
Program:
subtract(431, 471), divide(#0, 471)
Program (Nested):
divide(subtract(431, 471), 471)
| -0.08493 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
interest rate cash flow hedges 2013 we report changes in the fair value of cash flow hedges in accumulated other comprehensive loss until the hedged item affects earnings . at both december 31 , 2008 and 2007 , we had reductions of $ 4 million recorded as an accumulated other comprehensive loss that is being amortized on a straight-line basis through september 30 , 2014 . as of december 31 , 2008 and 2007 , we had no interest rate cash flow hedges outstanding . earnings impact 2013 our use of derivative financial instruments had the following impact on pre-tax income for the years ended december 31 : millions of dollars 2008 2007 2006 .
Table
millions of dollars | 2008 | 2007 | 2006
( increase ) /decrease in interest expense from interest rate hedging | $ 1 | $ -8 ( 8 ) | $ -8 ( 8 )
( increase ) /decrease in fuel expense from fuel derivatives | 1 | -1 ( 1 ) | 3
increase/ ( decrease ) in pre-tax income | $ 2 | $ -9 ( 9 ) | $ -5 ( 5 )
fair value of debt instruments 2013 the fair value of our short- and long-term debt was estimated using quoted market prices , where available , or current borrowing rates . at december 31 , 2008 , the fair value of total debt is approximately $ 247 million less than the carrying value . at december 31 , 2007 , the fair value of total debt exceeded the carrying value by approximately $ 96 million . at december 31 , 2008 and 2007 , approximately $ 320 million and $ 181 million , respectively , of fixed-rate debt securities contained call provisions that allowed us to retire the debt instruments prior to final maturity , with the payment of fixed call premiums , or in certain cases , at par . sale of receivables 2013 the railroad transfers most of its accounts receivable to union pacific receivables , inc . ( upri ) , a bankruptcy-remote subsidiary , as part of a sale of receivables facility . upri sells , without recourse on a 364-day revolving basis , an undivided interest in such accounts receivable to investors . the total capacity to sell undivided interests to investors under the facility was $ 700 million and $ 600 million at december 31 , 2008 and 2007 , respectively . the value of the outstanding undivided interest held by investors under the facility was $ 584 million and $ 600 million at december 31 , 2008 and 2007 , respectively . upri reduced the outstanding undivided interest held by investors due to a decrease in available receivables at december 31 , 2008 . the value of the outstanding undivided interest held by investors is not included in our consolidated financial statements . the value of the undivided interest held by investors was supported by $ 1015 million and $ 1071 million of accounts receivable held by upri at december 31 , 2008 and 2007 , respectively . at december 31 , 2008 and 2007 , the value of the interest retained by upri was $ 431 million and $ 471 million , respectively . this retained interest is included in accounts receivable in our consolidated financial statements . the interest sold to investors is sold at carrying value , which approximates fair value , and there is no gain or loss recognized from the transaction . the value of the outstanding undivided interest held by investors could fluctuate based upon the availability of eligible receivables and is directly affected by changing business volumes and credit risks , including default and dilution . if default or dilution percentages were to increase one percentage point , the amount of eligible receivables would decrease by $ 6 million . should our credit rating fall below investment grade , the value of the outstanding undivided interest held by investors would be reduced , and , in certain cases , the investors would have the right to discontinue the facility . the railroad services the sold receivables ; however , the railroad does not recognize any servicing asset or liability as the servicing fees adequately compensate us for these responsibilities . the railroad collected approximately $ 17.8 billion and $ 16.1 billion during the years ended december 31 , 2008 and 2007 , respectively . upri used certain of these proceeds to purchase new receivables under the facility. .
Question:
what was the percent of the value of the interest retained by upri from 2007 to 2008 was $ 431 million and $ 471 million , respectively .
Important information:
text_12: the value of the outstanding undivided interest held by investors under the facility was $ 584 million and $ 600 million at december 31 , 2008 and 2007 , respectively .
text_15: the value of the undivided interest held by investors was supported by $ 1015 million and $ 1071 million of accounts receivable held by upri at december 31 , 2008 and 2007 , respectively .
text_16: at december 31 , 2008 and 2007 , the value of the interest retained by upri was $ 431 million and $ 471 million , respectively .
Reasoning Steps:
Step: minus1-1(431, 471) = -40
Step: divide1-2(#0, 471) = -8.5%
Program:
subtract(431, 471), divide(#0, 471)
Program (Nested):
divide(subtract(431, 471), 471)
| finqa539 |
what is the ratio of the total flight attendants to passenger service personnel
Important information:
table_2: the flight attendants of american is 15000 ; the flight attendants of us airways is 7700 ; the flight attendants of wholly-owned regional carriers is 2100 ; the flight attendants of total is 24800 ;
table_5: the passenger service personnel of american is 10300 ; the passenger service personnel of us airways is 6200 ; the passenger service personnel of wholly-owned regional carriers is 6400 ; the passenger service personnel of total is 22900 ;
table_7: the total of american is 60100 ; the total of us airways is 32100 ; the total of wholly-owned regional carriers is 18200 ; the total of total is 110400 ;
Reasoning Steps:
Step: divide2-1(24800, 22900) = 1.08
Program:
divide(24800, 22900)
Program (Nested):
divide(24800, 22900)
| 1.08297 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
future regulatory developments future regulatory developments and actions could affect operations and increase operating costs for the airline industry , including our airline subsidiaries . see part i , item 1a . risk factors - " if we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and , at some airports , adequate slots , we may be unable to operate our existing flight schedule and to expand or change our route network in the future , which may have a material adverse impact on our operations ," "our business is subject to extensive government regulation , which may result in increases in our costs , disruptions to our operations , limits on our operating flexibility , reductions in the demand for air travel , and competitive disadvantages" and "we are subject to many forms of environmental regulation and may incur substantial costs as a result" for additional information . employees and labor relations the airline business is labor intensive . in 2013 , salaries , wages , and benefits were one of our largest expenses and represented approximately 22% ( 22 % ) of our operating expenses . the table below presents our approximate number of active full-time equivalent employees as of december 31 , 2013 . american us airways wholly-owned regional carriers total .
Table
| american | us airways | wholly-owned regional carriers | total
pilots | 7900 | 4100 | 3400 | 15400
flight attendants | 15000 | 7700 | 2100 | 24800
maintenance personnel | 11300 | 3100 | 2400 | 16800
fleet service personnel | 7400 | 5500 | 1700 | 14600
passenger service personnel | 10300 | 6200 | 6400 | 22900
administrative and other | 8200 | 5500 | 2200 | 15900
total | 60100 | 32100 | 18200 | 110400
.
Question:
what is the ratio of the total flight attendants to passenger service personnel
Important information:
table_2: the flight attendants of american is 15000 ; the flight attendants of us airways is 7700 ; the flight attendants of wholly-owned regional carriers is 2100 ; the flight attendants of total is 24800 ;
table_5: the passenger service personnel of american is 10300 ; the passenger service personnel of us airways is 6200 ; the passenger service personnel of wholly-owned regional carriers is 6400 ; the passenger service personnel of total is 22900 ;
table_7: the total of american is 60100 ; the total of us airways is 32100 ; the total of wholly-owned regional carriers is 18200 ; the total of total is 110400 ;
Reasoning Steps:
Step: divide2-1(24800, 22900) = 1.08
Program:
divide(24800, 22900)
Program (Nested):
divide(24800, 22900)
| finqa540 |
for the mtn group acquisition , what was the cost per tower ? .
Important information:
text_0: american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 15.5 million and network location intangibles of approximately $ 19.8 million .
table_1: the non-current assets of preliminary purchase price allocation is $ 2258 ;
table_2: the property and equipment of preliminary purchase price allocation is 102366 ;
Reasoning Steps:
Step: multiply1-1(173.2, const_1000000) = 173200000
Step: divide1-2(#0, 962) = 1798334
Program:
multiply(173.2, const_1000000), divide(#0, 962)
Program (Nested):
divide(multiply(173.2, const_1000000), 962)
| 180041.58004 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 15.5 million and network location intangibles of approximately $ 19.8 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . uganda acquisition 2014on december 8 , 2011 , the company entered into a definitive agreement with mtn group to establish a joint venture in uganda . the joint venture is controlled by a holding company of which a wholly owned subsidiary of the company ( the 201catc uganda subsidiary 201d ) holds a 51% ( 51 % ) interest and a wholly owned subsidiary of mtn group ( the 201cmtn uganda subsidiary 201d ) holds a 49% ( 49 % ) interest . the joint venture is managed and controlled by the company and owns a tower operations company in uganda . pursuant to the agreement , the joint venture agreed to purchase a total of up to 1000 existing communications sites from mtn group 2019s operating subsidiary in uganda , subject to customary closing conditions . on june 29 , 2012 , the joint venture acquired 962 communications sites for an aggregate purchase price of $ 171.5 million , subject to post-closing adjustments . the aggregate purchase price was subsequently increased to $ 173.2 million , subject to future post-closing adjustments . under the terms of the purchase agreement , legal title to certain of these communications sites will be transferred upon fulfillment of certain conditions by mtn group . prior to the fulfillment of these conditions , the company will operate and maintain control of these communications sites , and accordingly , reflect these sites in the allocation of purchase price and the consolidated operating results . the following table summarizes the preliminary allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation .
Table
| preliminary purchase price allocation
non-current assets | $ 2258
property and equipment | 102366
intangible assets ( 1 ) | 63500
other non-current liabilities | -7528 ( 7528 )
fair value of net assets acquired | $ 160596
goodwill ( 2 ) | 12564
( 1 ) consists of customer-related intangibles of approximately $ 36.5 million and network location intangibles of approximately $ 27.0 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be not be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . germany acquisition 2014on november 14 , 2012 , the company entered into a definitive agreement to purchase communications sites from e-plus mobilfunk gmbh & co . kg . on december 4 , 2012 , the company completed the purchase of 2031 communications sites , for an aggregate purchase price of $ 525.7 million. .
Question:
for the mtn group acquisition , what was the cost per tower ? .
Important information:
text_0: american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 15.5 million and network location intangibles of approximately $ 19.8 million .
table_1: the non-current assets of preliminary purchase price allocation is $ 2258 ;
table_2: the property and equipment of preliminary purchase price allocation is 102366 ;
Reasoning Steps:
Step: multiply1-1(173.2, const_1000000) = 173200000
Step: divide1-2(#0, 962) = 1798334
Program:
multiply(173.2, const_1000000), divide(#0, 962)
Program (Nested):
divide(multiply(173.2, const_1000000), 962)
| finqa541 |
what percentage of the total cash purchase price net of cash acquired was represented by goodwill?
Important information:
table_2: current assets the goodwill of $ 28.1 is 258.9 ;
table_7: current assets the total cash purchase price of $ 28.1 is 348.0 ;
table_9: current assets the total cash purchase price net of cash acquired of $ 28.1 is $ 320.1 ;
Reasoning Steps:
Step: divide1-1(258.9, 320.1) = 81%
Program:
divide(258.9, 320.1)
Program (Nested):
divide(258.9, 320.1)
| 0.80881 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
edwards lifesciences corporation notes to consolidated financial statements ( continued ) 7 . acquisitions ( continued ) was recorded to goodwill . the following table summarizes the fair values of the assets acquired and liabilities assumed ( in millions ) : .
Table
current assets | $ 28.1
property and equipment net | 0.2
goodwill | 258.9
ipr&d | 190.0
current liabilities assumed | -32.9 ( 32.9 )
deferred income taxes | -66.0 ( 66.0 )
contingent consideration | -30.3 ( 30.3 )
total cash purchase price | 348.0
less : cash acquired | -27.9 ( 27.9 )
total cash purchase price net of cash acquired | $ 320.1
goodwill includes expected synergies and other benefits the company believes will result from the acquisition . goodwill was assigned to the company 2019s united states segment and is not deductible for tax purposes . ipr&d has been capitalized at fair value as an intangible asset with an indefinite life and will be assessed for impairment in subsequent periods . the fair value of the ipr&d was determined using the income approach . this approach determines fair value based on cash flow projections which are discounted to present value using a risk-adjusted rate of return . the discount rate used to determine the fair value of the ipr&d was 16.5% ( 16.5 % ) . completion of successful design developments , bench testing , pre-clinical studies and human clinical studies are required prior to selling any product . the risks and uncertainties associated with completing development within a reasonable period of time include those related to the design , development , and manufacturability of the product , the success of pre-clinical and clinical studies , and the timing of regulatory approvals . the valuation assumed $ 97.7 million of additional research and development expenditures would be incurred prior to the date of product introduction , and the company does not currently anticipate significant changes to forecasted research and development expenditures associated with the cardiaq program . the company 2019s valuation model also assumed net cash inflows would commence in late 2018 , if successful clinical trial experiences lead to a ce mark approval . upon completion of development , the underlying research and development intangible asset will be amortized over its estimated useful life . the company disclosed in early february 2017 that it had voluntarily paused enrollment in its clinical trials for the edwards-cardiaq valve to perform further design validation testing on a feature of the valve . this testing has been completed and , in collaboration with clinical investigators , the company has decided to resume screening patients for enrollment in its clinical trials . the results of operations for cardiaq have been included in the accompanying consolidated financial statements from the date of acquisition . pro forma results have not been presented as the results of cardiaq are not material in relation to the consolidated financial statements of the company . 8 . goodwill and other intangible assets on july 3 , 2015 , the company acquired cardiaq ( see note 7 ) . this transaction resulted in an increase to goodwill of $ 258.9 million and ipr&d of $ 190.0 million. .
Question:
what percentage of the total cash purchase price net of cash acquired was represented by goodwill?
Important information:
table_2: current assets the goodwill of $ 28.1 is 258.9 ;
table_7: current assets the total cash purchase price of $ 28.1 is 348.0 ;
table_9: current assets the total cash purchase price net of cash acquired of $ 28.1 is $ 320.1 ;
Reasoning Steps:
Step: divide1-1(258.9, 320.1) = 81%
Program:
divide(258.9, 320.1)
Program (Nested):
divide(258.9, 320.1)
| finqa542 |
what was the change in billions of total debt from december 31 , 2014 to 2015?
Important information:
text_20: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
text_35: 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .
text_56: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
Reasoning Steps:
Step: minus1-1(28.5, 29.5) = -1
Program:
subtract(28.5, 29.5)
Program (Nested):
subtract(28.5, 29.5)
| -1.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs . these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries . borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 . commercial paper program 2013 we have commercial paper programs in place in the u.s . and in europe . at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding . effective april 19 , 2013 , our commercial paper program in the u.s . was increased by $ 2.0 billion . as a result , our commercial paper programs in place in the u.s . and in europe currently have an aggregate issuance capacity of $ 8.0 billion . we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements . sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions . these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse . the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets . we sell trade receivables under two types of arrangements , servicing and non-servicing . pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions . the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively . the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows . for further details , see item 8 , note 23 . sale of accounts receivable to our consolidated financial statements . debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 . our total debt is primarily fixed rate in nature . for further details , see item 8 , note 7 . indebtedness . the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 . see item 8 , note 16 . fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt . the amount of debt that we can issue is subject to approval by our board of directors . on february 21 , 2014 , we filed a shelf registration statement with the u.s . securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period . our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s . dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s . dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 . the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes . the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 . 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .
Table
type | | face value | interest rate | issuance | maturity
u.s . dollar notes | ( a ) | $ 500 | 1.250% ( 1.250 % ) | august 2015 | august 2017
u.s . dollar notes | ( a ) | $ 750 | 3.375% ( 3.375 % ) | august 2015 | august 2025
in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs . these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries . borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 . commercial paper program 2013 we have commercial paper programs in place in the u.s . and in europe . at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding . effective april 19 , 2013 , our commercial paper program in the u.s . was increased by $ 2.0 billion . as a result , our commercial paper programs in place in the u.s . and in europe currently have an aggregate issuance capacity of $ 8.0 billion . we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements . sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions . these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse . the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets . we sell trade receivables under two types of arrangements , servicing and non-servicing . pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions . the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively . the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows . for further details , see item 8 , note 23 . sale of accounts receivable to our consolidated financial statements . debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 . our total debt is primarily fixed rate in nature . for further details , see item 8 , note 7 . indebtedness . the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 . see item 8 , note 16 . fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt . the amount of debt that we can issue is subject to approval by our board of directors . on february 21 , 2014 , we filed a shelf registration statement with the u.s . securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period . our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s . dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s . dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 . the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes . the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 . 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .
Question:
what was the change in billions of total debt from december 31 , 2014 to 2015?
Important information:
text_20: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
text_35: 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .
text_56: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
Reasoning Steps:
Step: minus1-1(28.5, 29.5) = -1
Program:
subtract(28.5, 29.5)
Program (Nested):
subtract(28.5, 29.5)
| finqa543 |
what portion of the total full-time employees of american are flight attendants?
Important information:
table_2: the flight attendants of american is 15000 ; the flight attendants of us airways is 7700 ; the flight attendants of wholly-owned regional carriers is 2100 ; the flight attendants of total is 24800 ;
table_5: the passenger service personnel of american is 10300 ; the passenger service personnel of us airways is 6200 ; the passenger service personnel of wholly-owned regional carriers is 6400 ; the passenger service personnel of total is 22900 ;
table_7: the total of american is 60100 ; the total of us airways is 32100 ; the total of wholly-owned regional carriers is 18200 ; the total of total is 110400 ;
Reasoning Steps:
Step: divide2-1(15000, 60100) = 25.0%
Program:
divide(15000, 60100)
Program (Nested):
divide(15000, 60100)
| 0.24958 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
future regulatory developments future regulatory developments and actions could affect operations and increase operating costs for the airline industry , including our airline subsidiaries . see part i , item 1a . risk factors - " if we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and , at some airports , adequate slots , we may be unable to operate our existing flight schedule and to expand or change our route network in the future , which may have a material adverse impact on our operations ," "our business is subject to extensive government regulation , which may result in increases in our costs , disruptions to our operations , limits on our operating flexibility , reductions in the demand for air travel , and competitive disadvantages" and "we are subject to many forms of environmental regulation and may incur substantial costs as a result" for additional information . employees and labor relations the airline business is labor intensive . in 2013 , salaries , wages , and benefits were one of our largest expenses and represented approximately 22% ( 22 % ) of our operating expenses . the table below presents our approximate number of active full-time equivalent employees as of december 31 , 2013 . american us airways wholly-owned regional carriers total .
Table
| american | us airways | wholly-owned regional carriers | total
pilots | 7900 | 4100 | 3400 | 15400
flight attendants | 15000 | 7700 | 2100 | 24800
maintenance personnel | 11300 | 3100 | 2400 | 16800
fleet service personnel | 7400 | 5500 | 1700 | 14600
passenger service personnel | 10300 | 6200 | 6400 | 22900
administrative and other | 8200 | 5500 | 2200 | 15900
total | 60100 | 32100 | 18200 | 110400
.
Question:
what portion of the total full-time employees of american are flight attendants?
Important information:
table_2: the flight attendants of american is 15000 ; the flight attendants of us airways is 7700 ; the flight attendants of wholly-owned regional carriers is 2100 ; the flight attendants of total is 24800 ;
table_5: the passenger service personnel of american is 10300 ; the passenger service personnel of us airways is 6200 ; the passenger service personnel of wholly-owned regional carriers is 6400 ; the passenger service personnel of total is 22900 ;
table_7: the total of american is 60100 ; the total of us airways is 32100 ; the total of wholly-owned regional carriers is 18200 ; the total of total is 110400 ;
Reasoning Steps:
Step: divide2-1(15000, 60100) = 25.0%
Program:
divide(15000, 60100)
Program (Nested):
divide(15000, 60100)
| finqa544 |
what is the percentage of pretax income from discontinued operations to total revenues from discontinued operations?
Important information:
text_8: dj basin 2013 in april 2011 , we assigned a 30 percent undivided working interest in our e&p segment 2019s approximately 180000 acres in the niobrara shale play located within the dj basin of southeast wyoming and northern colorado for total consideration of $ 270 million , recording a pretax gain of $ 37 million .
table_1: ( in millions ) the revenues applicable to discontinued operations of 2009 is $ 188 ;
table_2: ( in millions ) the pretax income from discontinued operations of 2009 is $ 80 ;
Reasoning Steps:
Step: divide2-1(80, 188) = 42.5
Program:
divide(80, 188)
Program (Nested):
divide(80, 188)
| 0.42553 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 company , l.l.c . and odyssey pipeline l.l.c. , as well as certain other oil pipeline interests , including the eugene island pipeline system . the value of this transaction is approximately $ 205 million , net of debt assumed by the buyer . the carrying value of these assets was $ 38 million as of december 31 , 2011 . this transaction closed on january 3 , 2012 . burns point gas plant 2013 during the fourth quarter of 2011 , we sold our e&p segment 2019s 50 percent interest in the burns point gas plant , a cryogenic processing plant located in st . mary parish , louisiana , for total consideration of $ 36 million and a pretax gain of $ 34 million was booked . alaska lng facility 2013 during the third quarter of 2011 , we sold our integrated gas segment 2019s equity interest in a lng processing facility in alaska and a pretax gain on the transaction of $ 8 million was recorded . dj basin 2013 in april 2011 , we assigned a 30 percent undivided working interest in our e&p segment 2019s approximately 180000 acres in the niobrara shale play located within the dj basin of southeast wyoming and northern colorado for total consideration of $ 270 million , recording a pretax gain of $ 37 million . we remain operator of this jointly owned leasehold . angola 2013 during 2010 , we closed the sale of a 20 percent outside-operated interest in our e&p segment 2019s production sharing contract and joint operating agreement in block 32 offshore angola . we received net proceeds of $ 1.3 billion and recorded a pretax gain on the sale of $ 811 million . we retained a 10 percent outside-operated interest in block 32 . gudrun 2013 in march 2011 , we closed the sale of our outside-operated interests in the gudrun field development and the brynhild and eirin exploration areas offshore norway for net proceeds of $ 85 million , excluding working capital adjustments . a $ 64 million pretax loss on this disposition was recorded in the fourth quarter 2010 . gabon 2013 in december 2009 , we closed the sale of our operated fields offshore gabon , receiving net proceeds of $ 269 million , after closing adjustments . a $ 232 million pretax gain on this disposition was reported in discontinued operations for 2009 . permian basin 2013 in june 2009 , we closed the sale of our e&p segment 2019s operated and a portion of our outside- operated permian basin producing assets in new mexico and west texas for net proceeds after closing adjustments of $ 293 million . a $ 196 million pretax gain on the sale was recorded . ireland 2013 in april 2009 , we closed the sale of our operated properties in ireland for net proceeds of $ 84 million , after adjusting for cash held by the sold subsidiary . a $ 158 million pretax gain on the sale was recorded . as a result of this sale , we terminated our pension plan in ireland , incurring a charge of $ 18 million . in june 2009 , we entered into an agreement to sell the subsidiary holding our 19 percent outside-operated interest in the corrib natural gas development offshore ireland . an initial $ 100 million payment was received at closing . additional fixed proceeds of $ 135 million will be received at the earlier of first commercial gas or december 31 , 2012 . a $ 154 million impairment was recognized in discontinued operations in the second quarter of 2009 . our irish and our gabonese businesses , which had been reported in our e&p segment , have been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows . revenues and pretax income related to these businesses are shown in the table below . ( in millions ) 2009 .
Table
( in millions ) | 2009
revenues applicable to discontinued operations | $ 188
pretax income from discontinued operations | $ 80
.
Question:
what is the percentage of pretax income from discontinued operations to total revenues from discontinued operations?
Important information:
text_8: dj basin 2013 in april 2011 , we assigned a 30 percent undivided working interest in our e&p segment 2019s approximately 180000 acres in the niobrara shale play located within the dj basin of southeast wyoming and northern colorado for total consideration of $ 270 million , recording a pretax gain of $ 37 million .
table_1: ( in millions ) the revenues applicable to discontinued operations of 2009 is $ 188 ;
table_2: ( in millions ) the pretax income from discontinued operations of 2009 is $ 80 ;
Reasoning Steps:
Step: divide2-1(80, 188) = 42.5
Program:
divide(80, 188)
Program (Nested):
divide(80, 188)
| finqa545 |
what is the increase in other regulatory credits as a percentage of net revenue in 2003?
Important information:
table_1: the 2002 net revenue of ( in millions ) is $ 922.9 ;
table_6: the other of ( in millions ) is 8.9 ;
table_7: the 2003 net revenue of ( in millions ) is $ 973.7 ;
Reasoning Steps:
Step: add1-1(14.3, 11.8) = 26.1
Step: add1-2(#0, 11.4) = 37.5
Step: divide1-3(#1, 973.7) = 3.85%
Program:
add(14.3, 11.8), add(#0, 11.4), divide(#1, 973.7)
Program (Nested):
divide(add(add(14.3, 11.8), 11.4), 973.7)
| 0.03851 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 increase in other regulatory credits as a percentage of net revenue in 2003?
Important information:
table_1: the 2002 net revenue of ( in millions ) is $ 922.9 ;
table_6: the other of ( in millions ) is 8.9 ;
table_7: the 2003 net revenue of ( in millions ) is $ 973.7 ;
Reasoning Steps:
Step: add1-1(14.3, 11.8) = 26.1
Step: add1-2(#0, 11.4) = 37.5
Step: divide1-3(#1, 973.7) = 3.85%
Program:
add(14.3, 11.8), add(#0, 11.4), divide(#1, 973.7)
Program (Nested):
divide(add(add(14.3, 11.8), 11.4), 973.7)
| finqa546 |
what was the percentage gain recognized on the commercial mortgages held for sale in 2009
Important information:
table_1: in millions the commercial mortgages at fair value of dec.31 2009 is $ 1050 ; the commercial mortgages at fair value of dec . 312008 is $ 1401 ;
text_25: we recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges , carried at fair value and lower of cost or market compared with losses of $ 197 million in 2008 .
text_26: we sold $ .3 billion and $ .6 billion , respectively , of commercial mortgage loans held for sale carried at fair value in 2009 and 2008 .
Reasoning Steps:
Step: divide2-1(107, 5.4) = 2%
Program:
divide(107, 5.4)
Program (Nested):
divide(107, 5.4)
| 19.81481 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
december 31 , 2009 , $ 397 million of the credit losses related to securities rated below investment grade . as of december 31 , 2009 , the noncredit portion of otti losses recorded in accumulated other comprehensive loss for non-agency residential mortgage-backed securities totaled $ 1.1 billion and the related securities had a fair value of $ 2.6 billion . the fair value of sub-investment grade investment securities for which we have not recorded an otti credit loss as of december 31 , 2009 totaled $ 2.6 billion , with unrealized net losses of $ 658 million . the results of our security-level assessments indicate that we will recover the entire cost basis of these securities . note 7 investment securities in the notes to consolidated financial statements of this report provides further detail regarding our process for assessing otti for these securities . commercial mortgage-backed securities the fair value of the non-agency commercial mortgage- backed securities portfolio was $ 6.1 billion at december 31 , 2009 and consisted of fixed-rate , private-issuer securities collateralized by non-residential properties , primarily retail properties , office buildings , and multi-family housing . the agency commercial mortgage-backed securities portfolio was $ 1.3 billion fair value at december 31 , 2009 consisting of multi-family housing . substantially all of the securities are the most senior tranches in the subordination structure . we recorded otti credit losses of $ 6 million on non-agency commercial mortgage-backed securities during 2009 . the remaining fair value of the securities for which otti was recorded approximates zero . all of the credit-impaired securities were rated below investment grade . asset-backed securities the fair value of the asset-backed securities portfolio was $ 4.8 billion at december 31 , 2009 and consisted of fixed-rate and floating-rate , private-issuer securities collateralized primarily by various consumer credit products , including residential mortgage loans , credit cards , and automobile loans . substantially all of the securities are senior tranches in the securitization structure and have credit protection in the form of credit enhancement , over-collateralization and/or excess spread accounts . we recorded otti credit losses of $ 111 million on asset- backed securities during 2009 . all of the securities were collateralized by first and second lien residential mortgage loans and were rated below investment grade . as of december 31 , 2009 , the noncredit portion of otti losses recorded in accumulated other comprehensive loss for asset- backed securities totaled $ 221 million and the related securities had a fair value of $ 562 million . for the sub-investment grade investment securities for which we have not recorded an otti loss through december 31 , 2009 , the remaining fair value was $ 381 million , with unrealized net losses of $ 110 million . the results of our security-level assessments indicate that we will recover the entire cost basis of these securities . note 7 investment securities in the notes to consolidated financial statements of this report provides further detail regarding our process for assessing otti for these securities . if the current housing and economic conditions were to continue for the foreseeable future or worsen , if market volatility and illiquidity were to continue or worsen , or if market interest rates were to increase appreciably , the valuation of our investment securities portfolio could continue to be adversely affected and we could incur additional otti credit losses that would impact our consolidated income statement . loans held for sale in millions dec . 31 dec . 31 .
Table
in millions | dec.31 2009 | dec . 312008
commercial mortgages at fair value | $ 1050 | $ 1401
commercial mortgages at lower of cost or market | 251 | 747
total commercial mortgages | 1301 | 2148
residential mortgages at fair value | 1012 | 1824
residential mortgages at lower of cost or market | | 138
total residential mortgages | 1012 | 1962
other | 226 | 256
total | $ 2539 | $ 4366
we stopped originating commercial mortgage loans held for sale designated at fair value during the first quarter of 2008 and intend to continue pursuing opportunities to reduce these positions at appropriate prices . for commercial mortgages held for sale carried at the lower of cost or market , strong origination volumes partially offset sales to government agencies of $ 5.4 billion during 2009 . we recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges , carried at fair value and lower of cost or market compared with losses of $ 197 million in 2008 . we sold $ .3 billion and $ .6 billion , respectively , of commercial mortgage loans held for sale carried at fair value in 2009 and 2008 . residential mortgage loans held for sale decreased during 2009 despite strong refinancing volumes , especially in the first quarter . loan origination volume was $ 19.1 billion . substantially all such loans were originated to agency standards . we sold $ 19.8 billion of loans and recognized related gains of $ 435 million during 2009 . net interest income on residential mortgage loans held for sale was $ 332 million for 2009. .
Question:
what was the percentage gain recognized on the commercial mortgages held for sale in 2009
Important information:
table_1: in millions the commercial mortgages at fair value of dec.31 2009 is $ 1050 ; the commercial mortgages at fair value of dec . 312008 is $ 1401 ;
text_25: we recognized net gains of $ 107 million in 2009 on the valuation and sale of commercial mortgage loans held for sale , net of hedges , carried at fair value and lower of cost or market compared with losses of $ 197 million in 2008 .
text_26: we sold $ .3 billion and $ .6 billion , respectively , of commercial mortgage loans held for sale carried at fair value in 2009 and 2008 .
Reasoning Steps:
Step: divide2-1(107, 5.4) = 2%
Program:
divide(107, 5.4)
Program (Nested):
divide(107, 5.4)
| finqa547 |
what is the expense which relates to the acceleration of equity awards upon termination of employment of baker hughes employees as a percentage of stock based compensation expense?
Important information:
text_12: stock based compensation expense was $ 37 million in 2017 .
text_13: included in this amount is $ 15 million of expense which relates to the acceleration of equity awards upon termination of employment of baker hughes employees with change in control agreements , and are included as part of "merger and related costs" in the consolidated and combined statements of income ( loss ) .
text_23: the dividend yield is based on a five year history of dividend payouts in baker hughes. .
Reasoning Steps:
Step: divide1-1(15, 37) = 40.5%
Program:
divide(15, 37)
Program (Nested):
divide(15, 37)
| 0.40541 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
baker hughes , a ge company notes to consolidated and combined financial statements bhge 2017 form 10-k | 83 issuance pursuant to awards granted under the lti plan over its term which expires on the date of the annual meeting of the company in 2027 . a total of 53.7 million shares of class a common stock are available for issuance as of december 31 , 2017 . as a result of the acquisition of baker hughes , on july 3 , 2017 , each outstanding baker hughes stock option was converted into an option to purchase a share of class a common stock in the company . consequently , we issued 6.8 million stock options which are fully vested . each converted option is subject to the same terms and conditions as applied to the original option , and the per share exercise price of each converted option was reduced by $ 17.50 to reflect the per share amount of the special dividend pursuant to the agreement associated with the transactions . additionally , as a result of the acquisition of baker hughes , there were 1.7 million baker hughes restricted stock units ( rsus ) that were converted to bhge rsus at a fair value of $ 40.18 . stock-based compensation cost is measured at the date of grant based on the calculated fair value of the award and is generally recognized on a straight-line basis over the vesting period of the equity grant . the compensation cost is determined based on awards ultimately expected to vest ; therefore , we have reduced the cost for estimated forfeitures based on historical forfeiture rates . forfeitures are estimated at the time of grant and revised , if necessary , in subsequent periods to reflect actual forfeitures . there were no stock-based compensation costs capitalized as the amounts were not material . during the year ended december 31 , 2017 , we issued 2.1 million rsus and 1.6 million stock options under the lti plan . these rsus and stock options generally vest in equal amounts over a three-year vesting period provided that the employee has remained continuously employed by the company through such vesting date . stock based compensation expense was $ 37 million in 2017 . included in this amount is $ 15 million of expense which relates to the acceleration of equity awards upon termination of employment of baker hughes employees with change in control agreements , and are included as part of "merger and related costs" in the consolidated and combined statements of income ( loss ) . as bhge llc is a pass through entity , any tax benefit would be recognized by its partners . due to its cumulative losses , bhge is unable to recognize a tax benefit on its share of stock related expenses . stock options the fair value of each stock option granted is estimated using the black-scholes option pricing model . the following table presents the weighted average assumptions used in the option pricing model for options granted under the lti plan . the expected life of the options represents the period of time the options are expected to be outstanding . the expected life is based on a simple average of the vesting term and original contractual term of the awards . the expected volatility is based on the historical volatility of our five main competitors over a six year period . the risk-free interest rate is based on the observed u.s . treasury yield curve in effect at the time the options were granted . the dividend yield is based on a five year history of dividend payouts in baker hughes. .
Table
| 2017
expected life ( years ) | 6
risk-free interest rate | 2.1% ( 2.1 % )
volatility | 36.4% ( 36.4 % )
dividend yield | 1.2% ( 1.2 % )
weighted average fair value per share at grant date | $ 12.32
.
Question:
what is the expense which relates to the acceleration of equity awards upon termination of employment of baker hughes employees as a percentage of stock based compensation expense?
Important information:
text_12: stock based compensation expense was $ 37 million in 2017 .
text_13: included in this amount is $ 15 million of expense which relates to the acceleration of equity awards upon termination of employment of baker hughes employees with change in control agreements , and are included as part of "merger and related costs" in the consolidated and combined statements of income ( loss ) .
text_23: the dividend yield is based on a five year history of dividend payouts in baker hughes. .
Reasoning Steps:
Step: divide1-1(15, 37) = 40.5%
Program:
divide(15, 37)
Program (Nested):
divide(15, 37)
| finqa548 |
for the quarter ended september 302010 what was the percentage change in the share price from the highest to the lowest
Important information:
table_1: 2010 the quarter ended march 31 of high is $ 44.61 ; the quarter ended march 31 of low is $ 40.10 ;
table_3: 2010 the quarter ended september 30 of high is 52.11 ; the quarter ended september 30 of low is 43.70 ;
table_8: 2010 the quarter ended september 30 of high is 37.71 ; the quarter ended september 30 of low is 29.89 ;
Reasoning Steps:
Step: minus1-1(52.11, 43.70) = 8.41
Step: divide1-2(#0, 43.70) = 19.3%
Program:
subtract(52.11, 43.70), divide(#0, 43.70)
Program (Nested):
divide(subtract(52.11, 43.70), 43.70)
| 0.19245 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 2010 and 2009. .
Table
2010 | high | low
quarter ended march 31 | $ 44.61 | $ 40.10
quarter ended june 30 | 45.33 | 38.86
quarter ended september 30 | 52.11 | 43.70
quarter ended december 31 | 53.14 | 49.61
2009 | high | low
quarter ended march 31 | $ 32.53 | $ 25.45
quarter ended june 30 | 34.52 | 27.93
quarter ended september 30 | 37.71 | 29.89
quarter ended december 31 | 43.84 | 35.03
on february 11 , 2011 , the closing price of our common stock was $ 56.73 per share as reported on the nyse . as of february 11 , 2011 , we had 397612895 outstanding shares of common stock and 463 registered holders . dividends we have not historically paid a dividend on our common stock . payment of dividends in the future , when , as and if authorized by our board of directors , would depend upon many factors , including our earnings and financial condition , restrictions under applicable law and our current and future loan agreements , our debt service requirements , our capital expenditure requirements and other factors that our board of directors may deem relevant from time to time , including the potential determination to elect reit status . in addition , the loan agreement for our revolving credit facility and term loan contain covenants that generally restrict our ability to pay dividends unless certain financial covenants are satisfied . 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 , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report. .
Question:
for the quarter ended september 302010 what was the percentage change in the share price from the highest to the lowest
Important information:
table_1: 2010 the quarter ended march 31 of high is $ 44.61 ; the quarter ended march 31 of low is $ 40.10 ;
table_3: 2010 the quarter ended september 30 of high is 52.11 ; the quarter ended september 30 of low is 43.70 ;
table_8: 2010 the quarter ended september 30 of high is 37.71 ; the quarter ended september 30 of low is 29.89 ;
Reasoning Steps:
Step: minus1-1(52.11, 43.70) = 8.41
Step: divide1-2(#0, 43.70) = 19.3%
Program:
subtract(52.11, 43.70), divide(#0, 43.70)
Program (Nested):
divide(subtract(52.11, 43.70), 43.70)
| finqa549 |
what percentage of total other assets in 2012 was comprised of goodwill and identifiable intangible assets?
Important information:
text_2: the table below presents other assets by type. .
table_2: in millions the goodwill and identifiable intangibleassets2 of as of december 2012 is 5099 ; the goodwill and identifiable intangibleassets2 of as of december 2011 is 5468 ;
table_6: in millions the total of as of december 2012 is $ 39623 ; the total of as of december 2011 is $ 23152 ;
Reasoning Steps:
Step: divide1-1(5099, 39623) = 13%
Program:
divide(5099, 39623)
Program (Nested):
divide(5099, 39623)
| 0.12869 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements note 12 . other assets other assets are generally less liquid , non-financial assets . the table below presents other assets by type. .
Table
in millions | as of december 2012 | as of december 2011
property leasehold improvements andequipment1 | $ 8217 | $ 8697
goodwill and identifiable intangibleassets2 | 5099 | 5468
income tax-related assets3 | 5620 | 5017
equity-method investments4 | 453 | 664
miscellaneous receivables and other5 | 20234 | 3306
total | $ 39623 | $ 23152
1 . net of accumulated depreciation and amortization of $ 9.05 billion and $ 8.46 billion as of december 2012 and december 2011 , respectively . 2 . includes $ 149 million of intangible assets classified as held for sale . see note 13 for further information about goodwill and identifiable intangible assets . 3 . see note 24 for further information about income taxes . 4 . excludes investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $ 5.54 billion and $ 4.17 billion as of december 2012 and december 2011 , respectively , which are included in 201cfinancial instruments owned , at fair value . 201d the firm has generally elected the fair value option for such investments acquired after the fair value option became available . 5 . includes $ 16.77 billion of assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012 . assets held for sale in the fourth quarter of 2012 , the firm classified its reinsurance business within its institutional client services segment as held for sale . assets related to this business of $ 16.92 billion , consisting primarily of available-for-sale securities and separate account assets at fair value , are included in 201cother assets . 201d liabilities related to the business of $ 14.62 billion are included in 201cother liabilities and accrued expenses . 201d see note 8 for further information about insurance-related assets and liabilities held for sale at fair value . the firm expects to complete the sale of a majority stake in its reinsurance business in 2013 and does not expect to recognize a material gain or loss upon the sale . upon completion of the sale , the firm will no longer consolidate this business . property , leasehold improvements and equipment property , leasehold improvements and equipment included $ 6.20 billion and $ 6.48 billion as of december 2012 and december 2011 , respectively , related to property , leasehold improvements and equipment that the firm uses in connection with its operations . the remainder is held by investment entities , including vies , consolidated by the firm . substantially all property and equipment are depreciated on a straight-line basis over the useful life of the asset . leasehold improvements are amortized on a straight-line basis over the useful life of the improvement or the term of the lease , whichever is shorter . certain costs of software developed or obtained for internal use are capitalized and amortized on a straight-line basis over the useful life of the software . property , leasehold improvements and equipment are tested for impairment whenever events or changes in circumstances suggest that an asset 2019s or asset group 2019s carrying value may not be fully recoverable . the firm 2019s policy for impairment testing of property , leasehold improvements and equipment is the same as is used for identifiable intangible assets with finite lives . see note 13 for further information . goldman sachs 2012 annual report 163 .
Question:
what percentage of total other assets in 2012 was comprised of goodwill and identifiable intangible assets?
Important information:
text_2: the table below presents other assets by type. .
table_2: in millions the goodwill and identifiable intangibleassets2 of as of december 2012 is 5099 ; the goodwill and identifiable intangibleassets2 of as of december 2011 is 5468 ;
table_6: in millions the total of as of december 2012 is $ 39623 ; the total of as of december 2011 is $ 23152 ;
Reasoning Steps:
Step: divide1-1(5099, 39623) = 13%
Program:
divide(5099, 39623)
Program (Nested):
divide(5099, 39623)
| finqa550 |
did the five year total return on ball corporation outperform the dj containers & packaging index?
Important information:
table_1: the ball corporation of 12/31/05 is $ 100.00 ; the ball corporation of 12/31/06 is $ 110.86 ; the ball corporation of 12/31/07 is $ 115.36 ; the ball corporation of 12/31/08 is $ 107.58 ; the ball corporation of 12/31/09 is $ 134.96 ; the ball corporation of 12/31/10 is $ 178.93 ;
table_2: the dj containers & packaging index of 12/31/05 is $ 100.00 ; the dj containers & packaging index of 12/31/06 is $ 112.09 ; the dj containers & packaging index of 12/31/07 is $ 119.63 ; the dj containers & packaging index of 12/31/08 is $ 75.00 ; the dj containers & packaging index of 12/31/09 is $ 105.34 ; the dj containers & packaging index of 12/31/10 is $ 123.56 ;
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: compare_larger2-1(178.93, 105.34) = yes
Program:
greater(178.93, 105.34)
Program (Nested):
greater(178.93, 105.34)
| yes | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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:
did the five year total return on ball corporation outperform the dj containers & packaging index?
Important information:
table_1: the ball corporation of 12/31/05 is $ 100.00 ; the ball corporation of 12/31/06 is $ 110.86 ; the ball corporation of 12/31/07 is $ 115.36 ; the ball corporation of 12/31/08 is $ 107.58 ; the ball corporation of 12/31/09 is $ 134.96 ; the ball corporation of 12/31/10 is $ 178.93 ;
table_2: the dj containers & packaging index of 12/31/05 is $ 100.00 ; the dj containers & packaging index of 12/31/06 is $ 112.09 ; the dj containers & packaging index of 12/31/07 is $ 119.63 ; the dj containers & packaging index of 12/31/08 is $ 75.00 ; the dj containers & packaging index of 12/31/09 is $ 105.34 ; the dj containers & packaging index of 12/31/10 is $ 123.56 ;
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: compare_larger2-1(178.93, 105.34) = yes
Program:
greater(178.93, 105.34)
Program (Nested):
greater(178.93, 105.34)
| finqa551 |
what is the increase observed in the total revenue during 2010 and 2011?
Important information:
text_18: aon 2019s total revenue is as follows ( in millions ) : .
table_4: years ended december 31 the total operating segments of 2011 is 11287 ; the total operating segments of 2010 is 8512 ; the total operating segments of 2009 is 7546 ;
table_6: years ended december 31 the total revenue of 2011 is $ 11287 ; the total revenue of 2010 is $ 8512 ; the total revenue of 2009 is $ 7595 ;
Reasoning Steps:
Step: divide1-1(11287, 8512) = 1.3260
Step: minus1-2(#0, const_1) = 32.60%
Program:
divide(11287, 8512), subtract(#0, const_1)
Program (Nested):
subtract(divide(11287, 8512), const_1)
| 0.32601 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
aon has certain contractual contingent guarantees for premium payments owed by clients to certain insurance companies . the maximum exposure with respect to such contractual contingent guarantees was approximately $ 48 million at december 31 , 2011 . aon has provided commitments to fund certain limited partnerships in which it has an interest in the event that the general partners request funding . some of these commitments have specific expiration dates and the maximum potential funding under these commitments was $ 64 million at december 31 , 2011 . during 2011 , the company funded $ 15 million of these commitments . aon expects that as prudent business interests dictate , additional guarantees and indemnifications may be issued from time to time . 17 . related party transactions during 2011 , the company , in the ordinary course of business , provided retail brokerage , consulting and financial advisory services to , and received wholesale brokerage services from , an entity that is controlled by one of the company 2019s stockholders . these transactions were negotiated at an arms-length basis and contain customary terms and conditions . during 2011 , commissions and fee revenue from these transactions was approximately $ 9 million . 18 . segment information the company has two reportable operating segments : risk solutions and hr solutions . unallocated income and expenses , when combined with the operating segments and after the elimination of intersegment revenues and expenses , total to the amounts in the consolidated financial statements . reportable operating segments have been determined using a management approach , which is consistent with the basis and manner in which aon 2019s chief operating decision maker ( 2018 2018codm 2019 2019 ) uses financial information for the purposes of allocating resources and assessing performance . the codm assesses performance based on operating segment operating income and generally accounts for intersegment revenue as if the revenue were from third parties and at what management believes are current market prices . the company does not present net assets by segment as this information is not reviewed by the codm . risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through aon 2019s global distribution network . hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . aon 2019s total revenue is as follows ( in millions ) : .
Table
years ended december 31 | 2011 | 2010 | 2009
risk solutions | $ 6817 | $ 6423 | $ 6305
hr solutions | 4501 | 2111 | 1267
intersegment elimination | -31 ( 31 ) | -22 ( 22 ) | -26 ( 26 )
total operating segments | 11287 | 8512 | 7546
unallocated | 2014 | 2014 | 49
total revenue | $ 11287 | $ 8512 | $ 7595
.
Question:
what is the increase observed in the total revenue during 2010 and 2011?
Important information:
text_18: aon 2019s total revenue is as follows ( in millions ) : .
table_4: years ended december 31 the total operating segments of 2011 is 11287 ; the total operating segments of 2010 is 8512 ; the total operating segments of 2009 is 7546 ;
table_6: years ended december 31 the total revenue of 2011 is $ 11287 ; the total revenue of 2010 is $ 8512 ; the total revenue of 2009 is $ 7595 ;
Reasoning Steps:
Step: divide1-1(11287, 8512) = 1.3260
Step: minus1-2(#0, const_1) = 32.60%
Program:
divide(11287, 8512), subtract(#0, const_1)
Program (Nested):
subtract(divide(11287, 8512), const_1)
| finqa552 |
what is the growth rate in net revenue in 2016 for entergy texas , inc.?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 637.2 ;
table_6: the net wholesale of amount ( in millions ) is -27.8 ( 27.8 ) ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 644.2 ;
Reasoning Steps:
Step: minus1-1(644.2, 637.2) = 7
Step: divide1-2(#0, 637.2) = 1.1%
Program:
subtract(644.2, 637.2), divide(#0, 637.2)
Program (Nested):
divide(subtract(644.2, 637.2), 637.2)
| 0.01099 | Please answer the following financial question based on the context provided. Make sure to give the answer 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 growth rate in net revenue in 2016 for entergy texas , inc.?
Important information:
table_1: the 2015 net revenue of amount ( in millions ) is $ 637.2 ;
table_6: the net wholesale of amount ( in millions ) is -27.8 ( 27.8 ) ;
table_8: the 2016 net revenue of amount ( in millions ) is $ 644.2 ;
Reasoning Steps:
Step: minus1-1(644.2, 637.2) = 7
Step: divide1-2(#0, 637.2) = 1.1%
Program:
subtract(644.2, 637.2), divide(#0, 637.2)
Program (Nested):
divide(subtract(644.2, 637.2), 637.2)
| finqa553 |
what is the net change in the number of staff in 2016?
Important information:
table_3: $ in millions the market development of year ended december 2016 is 457 ; the market development of year ended december 2015 is 557 ; the market development of year ended december 2014 is 549 ;
table_6: $ in millions the occupancy of year ended december 2016 is 788 ; the occupancy of year ended december 2015 is 772 ; the occupancy of year ended december 2014 is 827 ;
table_11: $ in millions the total staff at period-end of year ended december 2016 is 34400 ; the total staff at period-end of year ended december 2015 is 36800 ; the total staff at period-end of year ended december 2014 is 34000 ;
Reasoning Steps:
Step: minus1-1(34400, 36800) = -2400
Program:
subtract(34400, 36800)
Program (Nested):
subtract(34400, 36800)
| -2400.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis non-interest revenues . investment banking revenues in the consolidated statements of earnings were $ 7.03 billion for 2015 , 9% ( 9 % ) higher than 2014 , due to significantly higher revenues in financial advisory , reflecting strong client activity , particularly in the u.s . industry-wide completed mergers and acquisitions increased significantly compared with the prior year . revenues in underwriting were lower compared with a strong 2014 . revenues in debt underwriting were lower compared with 2014 , reflecting significantly lower leveraged finance activity . revenues in equity underwriting were also lower , reflecting significantly lower revenues from initial public offerings and convertible offerings , partially offset by significantly higher revenues from secondary offerings . investment management revenues in the consolidated statements of earnings were $ 5.87 billion for 2015 , 2% ( 2 % ) higher than 2014 , due to slightly higher management and other fees , primarily reflecting higher average assets under supervision , and higher transaction revenues . commissions and fees in the consolidated statements of earnings were $ 3.32 billion for 2015 , essentially unchanged compared with 2014 . market-making revenues in the consolidated statements of earnings were $ 9.52 billion for 2015 , 14% ( 14 % ) higher than 2014 . excluding a gain of $ 289 million in 2014 related to the extinguishment of certain of our junior subordinated debt , market-making revenues were 18% ( 18 % ) higher than 2014 , reflecting significantly higher revenues in interest rate products , currencies , equity cash products and equity derivatives . these increases were partially offset by significantly lower revenues in mortgages , commodities and credit products . other principal transactions revenues in the consolidated statements of earnings were $ 5.02 billion for 2015 , 24% ( 24 % ) lower than 2014 . this decrease was primarily due to lower revenues from investments in equities , principally reflecting the sale of metro international trade services ( metro ) in the fourth quarter of 2014 and lower net gains from investments in private equities , driven by corporate performance . in addition , revenues in debt securities and loans were significantly lower , reflecting lower net gains from investments . net interest income . net interest income in the consolidated statements of earnings was $ 3.06 billion for 2015 , 24% ( 24 % ) lower than 2014 . the decrease compared with 2014 was due to lower interest income resulting from a reduction in interest income related to financial instruments owned , at fair value , partially offset by the impact of an increase in total average loans receivable . the decrease in interest income was partially offset by a decrease in interest expense , which primarily reflected lower interest expense related to financial instruments sold , but not yet purchased , at fair value and other interest-bearing liabilities , partially offset by higher interest expense related to long-term borrowings . see 201csupplemental financial information 2014 statistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income . operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share- based compensation programs and the external environment . in addition , see 201cuse of estimates 201d for additional information about expenses that may arise from litigation and regulatory proceedings . in the context of the challenging environment during the first half of 2016 , we completed an initiative that identified areas where we can operate more efficiently , resulting in a reduction of approximately $ 900 million in annual run rate compensation . for 2016 , net savings from this initiative , after severance and other related costs , were approximately $ 500 million . the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . .
Table
$ in millions | year ended december 2016 | year ended december 2015 | year ended december 2014
compensation and benefits | $ 11647 | $ 12678 | $ 12691
brokerage clearing exchange anddistribution fees | 2555 | 2576 | 2501
market development | 457 | 557 | 549
communications and technology | 809 | 806 | 779
depreciation and amortization | 998 | 991 | 1337
occupancy | 788 | 772 | 827
professional fees | 882 | 963 | 902
other expenses | 2168 | 5699 | 2585
total non-compensation expenses | 8657 | 12364 | 9480
total operating expenses | $ 20304 | $ 25042 | $ 22171
total staff at period-end | 34400 | 36800 | 34000
56 goldman sachs 2016 form 10-k .
Question:
what is the net change in the number of staff in 2016?
Important information:
table_3: $ in millions the market development of year ended december 2016 is 457 ; the market development of year ended december 2015 is 557 ; the market development of year ended december 2014 is 549 ;
table_6: $ in millions the occupancy of year ended december 2016 is 788 ; the occupancy of year ended december 2015 is 772 ; the occupancy of year ended december 2014 is 827 ;
table_11: $ in millions the total staff at period-end of year ended december 2016 is 34400 ; the total staff at period-end of year ended december 2015 is 36800 ; the total staff at period-end of year ended december 2014 is 34000 ;
Reasoning Steps:
Step: minus1-1(34400, 36800) = -2400
Program:
subtract(34400, 36800)
Program (Nested):
subtract(34400, 36800)
| finqa554 |
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