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FINQA4100 | Please answer the given financial question based on the context.
Context: 2022 secondary market same store communities are generally communities in markets with populations of more than 1 million but less than 1% ( 1 % ) of the total public multifamily reit units or markets with populations of less than 1 million that we have owned and have been stabilized for at least a full 12 months . 2022 non-same store communities and other includes recent acquisitions , communities in development or lease-up , communities that have been identified for disposition , and communities that have undergone a significant casualty loss . also included in non-same store communities are non-multifamily activities . on the first day of each calendar year , we determine the composition of our same store operating segments for that year as well as adjust the previous year , which allows us to evaluate full period-over-period operating comparisons . an apartment community in development or lease-up is added to the same store portfolio on the first day of the calendar year after it has been owned and stabilized for at least a full 12 months . communities are considered stabilized after achieving 90% ( 90 % ) occupancy for 90 days . communities that have been identified for disposition are excluded from the same store portfolio . all properties acquired from post properties in the merger remained in the non-same store and other operating segment during 2017 , as the properties were recent acquisitions and had not been owned and stabilized for at least 12 months as of january 1 , 2017 . for additional information regarding our operating segments , see note 14 to the consolidated financial statements included elsewhere in this annual report on form 10-k . acquisitions one of our growth strategies is to acquire apartment communities that are located in various large or secondary markets primarily throughout the southeast and southwest regions of the united states . acquisitions , along with dispositions , help us achieve and maintain our desired product mix , geographic diversification and asset allocation . portfolio growth allows for maximizing the efficiency of the existing management and overhead structure . we have extensive experience in the acquisition of multifamily communities . we will continue to evaluate opportunities that arise , and we will utilize this strategy to increase our number of apartment communities in strong and growing markets . we acquired the following apartment communities during the year ended december 31 , 2017: .
|community|market|units|closing date|
|charlotte at midtown|nashville tn|279|march 16 2017|
|acklen west end|nashville tn|320|december 28 2017|
dispositions we sell apartment communities and other assets that no longer meet our long-term strategy or when market conditions are favorable , and we redeploy the proceeds from those sales to acquire , develop and redevelop additional apartment communities and rebalance our portfolio across or within geographic regions . dispositions also allow us to realize a portion of the value created through our investments and provide additional liquidity . we are then able to redeploy the net proceeds from our dispositions in lieu of raising additional capital . in deciding to sell an apartment community , we consider current market conditions and generally solicit competing bids from unrelated parties for these individual assets , considering the sales price and other key terms of each proposal . we also consider portfolio dispositions when such a structure is useful to maximize proceeds and efficiency of execution . during the year ended december 31 , 2017 , we disposed of five multifamily properties totaling 1760 units and four land parcels totaling approximately 23 acres . development as another part of our growth strategy , we invest in a limited number of development projects . development activities may be conducted through wholly-owned affiliated companies or through joint ventures with unaffiliated parties . fixed price construction contracts are signed with unrelated parties to minimize construction risk . we typically manage the leasing portion of the project as units become available for lease . we may also engage in limited expansion development opportunities on existing communities in which we typically serve as the developer . while we seek opportunistic new development investments offering attractive long-term investment returns , we intend to maintain a total development commitment that we consider modest in relation to our total balance sheet and investment portfolio . during the year ended december 31 , 2017 , we incurred $ 170.1 million in development costs and completed 7 development projects. .
Question: what is the number of units necessary to stabilize the acklen west end community?
Answer: | 288.0 |
FINQA4101 | Please answer the given financial question based on the context.
Context: entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis in industrial usage is primarily due to increased demand from new customers and expansion projects , primarily in the chemicals industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . 2015 compared to 2014 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) .
||amount ( in millions )|
|2014 net revenue|$ 2246.1|
|retail electric price|180.0|
|volume/weather|39.5|
|waterford 3 replacement steam generator provision|-32.0 ( 32.0 )|
|miso deferral|-32.0 ( 32.0 )|
|other|7.2|
|2015 net revenue|$ 2408.8|
the retail electric price variance is primarily due to formula rate plan increases , as approved by the lpsc , effective december 2014 and january 2015 . entergy louisiana 2019s formula rate plan increases are discussed in note 2 to the financial statements . the volume/weather variance is primarily due to an increase of 841 gwh , or 2% ( 2 % ) , in billed electricity usage , as a result of increased industrial usage primarily due to increased demand for existing large refinery customers , new customers , and expansion projects primarily in the chemicals industry , partially offset by a decrease in demand in the chemicals industry as a result of a seasonal outage for an existing customer . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges. .
Question: without the benefit of the retail electric price and volume/weather adjustments , what would the 2015 net revenue be , in millions?
Answer: | 2189.3 |
FINQA4102 | Please answer the given financial question based on the context.
Context: at december 31 , 2012 , the gross reserves for a&e losses were comprised of $ 138449 thousand representing case reserves reported by ceding companies , $ 90637 thousand representing additional case reserves established by the company on assumed reinsurance claims , $ 36667 thousand representing case reserves established by the company on direct excess insurance claims , including mt . mckinley , and $ 177068 thousand representing ibnr reserves . with respect to asbestos only , at december 31 , 2012 , the company had gross asbestos loss reserves of $ 422849 thousand , or 95.5% ( 95.5 % ) , of total a&e reserves , of which $ 339654 thousand was for assumed business and $ 83195 thousand was for direct business . future policy benefit reserve . activity in the reserve for future policy benefits is summarized for the periods indicated: .
|( dollars in thousands )|at december 31 , 2012|at december 31 , 2011|at december 31 , 2010|
|balance at beginning of year|$ 67187|$ 63002|$ 64536|
|liabilities assumed|126|176|172|
|adjustments to reserves|2365|8449|2944|
|benefits paid in the current year|-3571 ( 3571 )|-4440 ( 4440 )|-4650 ( 4650 )|
|balance at end of year|$ 66107|$ 67187|$ 63002|
4 . fair value the company 2019s fixed maturity and equity securities are primarily managed by third party investment asset managers . the investment asset managers obtain prices from nationally recognized pricing services . these services seek to utilize market data and observations in their evaluation process . they use pricing applications that vary by asset class and incorporate available market information and when fixed maturity securities do not trade on a daily basis the services will apply available information through processes such as benchmark curves , benchmarking of like securities , sector groupings and matrix pricing . in addition , they use model processes , such as the option adjusted spread model to develop prepayment and interest rate scenarios for securities that have prepayment features . in limited instances where prices are not provided by pricing services or in rare instances when a manager may not agree with the pricing service , price quotes on a non-binding basis are obtained from investment brokers . the investment asset managers do not make any changes to prices received from either the pricing services or the investment brokers . in addition , the investment asset managers have procedures in place to review the reasonableness of the prices from the service providers and may request verification of the prices . in addition , the company continually performs analytical reviews of price changes and tests the prices on a random basis to an independent pricing source . no material variances were noted during these price validation procedures . in limited situations , where financial markets are inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value . the company made no such adjustments at december 31 , 2012 and 2011 . the company internally manages a small public equity portfolio which had a fair value at december 31 , 2012 of $ 117602 thousand and all prices were obtained from publically published sources . equity securities in u.s . denominated currency are categorized as level 1 , quoted prices in active markets for identical assets , since the securities are actively traded on an exchange and prices are based on quoted prices from the exchange . equity securities traded on foreign exchanges are categorized as level 2 due to potential foreign exchange adjustments to fair or market value . fixed maturity securities are generally categorized as level 2 , significant other observable inputs , since a particular security may not have traded but the pricing services are able to use valuation models with observable market inputs such as interest rate yield curves and prices for similar fixed maturity securities in terms of issuer , maturity and seniority . valuations that are derived from techniques in which one or more of the significant inputs are unobservable ( including assumptions about risk ) are categorized as level 3 .
Question: at december 31 , 2012 , what was the ratio of the case reserves reported by ceding to the additional case reserves established by the company
Answer: | 1.52751 |
FINQA4103 | Please answer the given financial question based on the context.
Context: included in other non-current liabilities , because the company believes that the ultimate payment or settlement of these liabilities will not occur within the next twelve months . prior to the adoption of these provisions , these amounts were included in current income tax payable . the company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the condensed consolidated statements of income , and as a result , no change in classification was made upon adopting these provisions . the condensed consolidated statements of income for fiscal year 2009 and fiscal year 2008 include $ 1.7 million and $ 1.3 million , respectively , of interest and penalties related to these uncertain tax positions . due to the complexity associated with its tax uncertainties , the company cannot make a reasonably reliable estimate as to the period in which it expects to settle the liabilities associated with these uncertain tax positions . the following table summarizes the changes in the total amounts of uncertain tax positions for fiscal 2008 and fiscal 2009. .
|balance november 3 2007|$ 9889|
|additions for tax positions of current year|3861|
|balance november 1 2008|13750|
|additions for tax positions of current year|4411|
|balance october 31 2009|$ 18161|
fiscal year 2004 and 2005 irs examination during the fourth quarter of fiscal 2007 , the irs completed its field examination of the company 2019s fiscal years 2004 and 2005 . on january 2 , 2008 , the irs issued its report for fiscal 2004 and 2005 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 46 million . the company has concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . the company 2019s initial meetings with the appellate division of the irs were held during fiscal year 2009 . two of the unresolved matters are one-time issues and pertain to section 965 of the internal revenue code related to the beneficial tax treatment of dividends from foreign owned companies under the american jobs creation act . the other matters pertain to the computation of research and development ( r&d ) tax credits and the profits earned from manufacturing activities carried on outside the united states . these latter two matters could impact taxes payable for fiscal 2004 and 2005 as well as for subsequent years . fiscal year 2006 and 2007 irs examination during the third quarter of fiscal 2009 , the irs completed its field examination of the company 2019s fiscal years 2006 and 2007 . the irs and the company have agreed on the treatment of a number of issues that have been included in an issue resolutions agreement related to the 2006 and 2007 tax returns . however , no agreement was reached on the tax treatment of a number of issues , including the same r&d credit and foreign manufacturing issues mentioned above related to fiscal 2004 and 2005 , the pricing of intercompany sales ( transfer pricing ) , and the deductibility of certain stock option compensation expenses . during the third quarter of fiscal 2009 , the irs issued its report for fiscal 2006 and fiscal 2007 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 195 million . the company concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . with the exception of the analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what is the percentage increase in interest expanse and penalties in 2009?
Answer: | 0.30769 |
FINQA4104 | Please answer the given financial question based on the context.
Context: continue to be deployed as wireless service providers are beginning their investments in 3g data networks . similarly , in ghana and uganda , wireless service providers continue to build out their voice and data networks in order to satisfy increasing demand for wireless services . in south africa , where voice networks are in a more advanced stage of development , carriers are beginning to deploy 3g data networks across spectrum acquired in recent spectrum auctions . in mexico and brazil , where nationwide voice networks have also been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers to begin their initial investments in 3g data networks . in markets such as chile , peru and colombia , recent or anticipated spectrum auctions are expected to drive investment in nationwide voice and 3g data networks . in germany , our most mature international wireless market , demand is currently being driven by a government-mandated rural fourth generation network build-out , as well as other tenant initiatives to deploy next generation wireless services . we believe incremental demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks . rental and management operations new site revenue growth . during the year ended december 31 , 2012 , we grew our portfolio of communications real estate through acquisitions and construction activities , including the acquisition and construction of approximately 8810 sites . in a majority of our international markets , the acquisition or construction of new sites results in increased pass-through revenues and expenses . we continue to evaluate opportunities to acquire larger communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. .
|new sites ( acquired or constructed )|2012|2011|2010|
|domestic|960|470|950|
|international ( 1 )|7850|10000|6870|
( 1 ) the majority of sites acquired or constructed in 2012 were in brazil , germany , india and uganda ; in 2011 were in brazil , colombia , ghana , india , mexico and south africa ; and in 2010 were in chile , colombia , india and peru . network development services segment revenue growth . as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a relatively small percentage of our total revenues . through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites , including in connection with provider network upgrades . rental and management operations expenses . direct operating expenses incurred by our domestic and international rental and management segments include direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance , security and power and fuel costs , some of which may be passed through to our tenants . these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations . in general , our domestic and international rental and management segments selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow . we may incur additional segment selling , general , administrative and development expenses as we increase our presence in geographic areas where we have recently launched operations or are focused on expanding our portfolio . our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities. .
Question: in 2011 , what percent of new sites were foreign?
Answer: | 0.68027 |
FINQA4105 | Please answer the given financial question based on the context.
Context: at december 31 , 2012 , the gross reserves for a&e losses were comprised of $ 138449 thousand representing case reserves reported by ceding companies , $ 90637 thousand representing additional case reserves established by the company on assumed reinsurance claims , $ 36667 thousand representing case reserves established by the company on direct excess insurance claims , including mt . mckinley , and $ 177068 thousand representing ibnr reserves . with respect to asbestos only , at december 31 , 2012 , the company had gross asbestos loss reserves of $ 422849 thousand , or 95.5% ( 95.5 % ) , of total a&e reserves , of which $ 339654 thousand was for assumed business and $ 83195 thousand was for direct business . future policy benefit reserve . activity in the reserve for future policy benefits is summarized for the periods indicated: .
|( dollars in thousands )|at december 31 , 2012|at december 31 , 2011|at december 31 , 2010|
|balance at beginning of year|$ 67187|$ 63002|$ 64536|
|liabilities assumed|126|176|172|
|adjustments to reserves|2365|8449|2944|
|benefits paid in the current year|-3571 ( 3571 )|-4440 ( 4440 )|-4650 ( 4650 )|
|balance at end of year|$ 66107|$ 67187|$ 63002|
4 . fair value the company 2019s fixed maturity and equity securities are primarily managed by third party investment asset managers . the investment asset managers obtain prices from nationally recognized pricing services . these services seek to utilize market data and observations in their evaluation process . they use pricing applications that vary by asset class and incorporate available market information and when fixed maturity securities do not trade on a daily basis the services will apply available information through processes such as benchmark curves , benchmarking of like securities , sector groupings and matrix pricing . in addition , they use model processes , such as the option adjusted spread model to develop prepayment and interest rate scenarios for securities that have prepayment features . in limited instances where prices are not provided by pricing services or in rare instances when a manager may not agree with the pricing service , price quotes on a non-binding basis are obtained from investment brokers . the investment asset managers do not make any changes to prices received from either the pricing services or the investment brokers . in addition , the investment asset managers have procedures in place to review the reasonableness of the prices from the service providers and may request verification of the prices . in addition , the company continually performs analytical reviews of price changes and tests the prices on a random basis to an independent pricing source . no material variances were noted during these price validation procedures . in limited situations , where financial markets are inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value . the company made no such adjustments at december 31 , 2012 and 2011 . the company internally manages a small public equity portfolio which had a fair value at december 31 , 2012 of $ 117602 thousand and all prices were obtained from publically published sources . equity securities in u.s . denominated currency are categorized as level 1 , quoted prices in active markets for identical assets , since the securities are actively traded on an exchange and prices are based on quoted prices from the exchange . equity securities traded on foreign exchanges are categorized as level 2 due to potential foreign exchange adjustments to fair or market value . fixed maturity securities are generally categorized as level 2 , significant other observable inputs , since a particular security may not have traded but the pricing services are able to use valuation models with observable market inputs such as interest rate yield curves and prices for similar fixed maturity securities in terms of issuer , maturity and seniority . valuations that are derived from techniques in which one or more of the significant inputs are unobservable ( including assumptions about risk ) are categorized as level 3 .
Question: what is the net change in reserve for future policy benefits during 2011?
Answer: | 4185.0 |
FINQA4106 | Please answer the given financial question based on the context.
Context: liquidity and capital resources .
|cash cash equivalents and short-term investments|1999 $ 498.7|change 83% ( 83 % )|1998 $ 272.5|change ( 46 ) % ( % )|1997 $ 503.0|
|working capital|$ 355.4|73% ( 73 % )|$ 205.0|( 55 ) % ( % )|$ 454.3|
|stockholders' equity|$ 512.2|( 0.8 ) % ( % )|$ 516.4|( 28 ) % ( % )|$ 715.4|
our cash , cash equivalents , and short-term investments consist principally of money market mutual funds , municipal bonds , and united states government agency securities . all of our cash equivalents and short-term investments are classified as available-for-sale under the provisions of sfas 115 , 2018 2018accounting for certain investments in debt and equity securities . 2019 2019 the securities are carried at fair value with the unrealized gains and losses , net of tax , included in accumulated other comprehensive income , which is reflected as a separate component of stockholders 2019 equity . our cash , cash equivalents , and short-term investments increased $ 226.2 million , or 83% ( 83 % ) , in fiscal 1999 , primarily due to cash generated from operations of $ 334.2 million , proceeds from the issuance of treasury stock related to the exercise of stock options under our stock option plans and sale of stock under the employee stock purchase plan of $ 142.9 million , and the release of restricted funds totaling $ 130.3 million associated with the refinancing of our corporate headquarters lease agreement . other sources of cash include the proceeds from the sale of equity securities and the sale of a building in the amount of $ 63.9 million and $ 40.6 million , respectively . in addition , short-term investments increased due to a reclassification of $ 46.7 million of investments classified as long-term to short-term as well as mark-to-market adjustments totaling $ 81.2 million . these factors were partially offset by the purchase of treasury stock in the amount of $ 479.2 million , capital expenditures of $ 42.2 million , the purchase of other assets for $ 43.5 million , the purchase of the assets of golive systems and attitude software for $ 36.9 million , and the payment of dividends totaling $ 12.2 million . we expect to continue our investing activities , including expenditures for computer systems for research and development , sales and marketing , product support , and administrative staff . furthermore , cash reserves may be used to purchase treasury stock and acquire software companies , products , or technologies that are complementary to our business . in september 1997 , adobe 2019s board of directors authorized , subject to certain business and market conditions , the purchase of up to 30.0 million shares of our common stock over a two-year period . we repurchased approximately 1.7 million shares in the first quarter of fiscal 1999 , 20.3 million shares in fiscal 1998 , and 8.0 million shares in fiscal 1997 , at a cost of $ 30.5 million , $ 362.4 million , and $ 188.6 million , respectively . this program was completed during the first quarter of fiscal 1999 . in april 1999 , adobe 2019s board of directors authorized , subject to certain business and market conditions , the purchase of up to an additional 5.0 million shares of our common stock over a two-year period . this new stock repurchase program was in addition to an existing program whereby we have been authorized to repurchase shares to offset issuances under employee stock option and stock purchase plans . no purchases have been made under the 5.0 million share repurchase program . under our existing plan to repurchase shares to offset issuances under employee stock plans , we repurchased approximately 11.2 million , 0.7 million , and 4.6 million shares in fiscal 1999 , 1998 , and 1997 , respectively , at a cost of $ 448.7 million , $ 16.8 million , and $ 87.0 million , respectively . we have paid cash dividends on our common stock each quarter since the second quarter of 1988 . adobe 2019s board of directors declared a cash dividend on our common stock of $ 0.025 per common share for each of the four quarters in fiscal 1999 , 1998 , and 1997 . on december 1 , 1997 , we dividended one share of siebel common stock for each 600 shares of adobe common stock held by stockholders of record on october 31 , 1997 . an equivalent cash dividend was paid for holdings of less than 15000 adobe shares and .
Question: what is the average purchase price of shares purchased during 1998?
Answer: | 17.85222 |
FINQA4107 | Please answer the given financial question based on the context.
Context: united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : .
||2013|2012|2011|
|net income|$ 4372|$ 807|$ 3804|
|non-cash operating activities ( a )|3318|7313|4578|
|pension and postretirement plan contributions ( ups-sponsored plans )|-212 ( 212 )|-917 ( 917 )|-1436 ( 1436 )|
|income tax receivables and payables|-155 ( 155 )|280|236|
|changes in working capital and other noncurrent assets and liabilities|121|-148 ( 148 )|-12 ( 12 )|
|other operating activities|-140 ( 140 )|-119 ( 119 )|-97 ( 97 )|
|net cash from operating activities|$ 7304|$ 7216|$ 7073|
( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2011 to 2013 time period . operating cash flow was favorably impacted in 2013 , compared with 2012 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by certain tnt express transaction-related charges , as well as changes in income tax receivables and payables . we paid a termination fee to tnt express of 20ac200 million ( $ 268 million ) under the agreement to terminate the merger protocol in the first quarter of 2013 . additionally , the cash payments for income taxes increased in 2013 compared with 2012 , and were impacted by the timing of current tax deductions . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2013 , we did not have any required , nor make any discretionary , contributions to our primary company-sponsored pension plans in the u.s . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 the remaining contributions in the 2011 through 2013 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2013 , the total of our worldwide holdings of cash and cash equivalents was $ 4.665 billion . approximately 45%-55% ( 45%-55 % ) of cash and cash equivalents was held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what percentage of net cash from operating activities was derived from non-cash operating activities in 2013?
Answer: | 0.45427 |
FINQA4108 | Please answer the given financial question based on the context.
Context: our digital media business consists of our websites and mobile and video-on-demand ( 201cvod 201d ) services . our websites include network branded websites such as discovery.com , tlc.com and animalplanet.com , and other websites such as howstuffworks.com , an online source of explanations of how the world actually works ; treehugger.com , a comprehensive source for 201cgreen 201d news , solutions and product information ; and petfinder.com , a leading pet adoption destination . together , these websites attracted an average of 24 million cumulative unique monthly visitors , according to comscore , inc . in 2011 . international networks our international networks segment principally consists of national and pan-regional television networks . this segment generates revenues primarily from fees charged to operators who distribute our networks , which primarily include cable and dth satellite service providers , and from advertising sold on our television networks and websites . discovery channel , animal planet and tlc lead the international networks 2019 portfolio of television networks , which are distributed in virtually every pay-television market in the world through an infrastructure that includes operational centers in london , singapore and miami . international networks has one of the largest international distribution platforms of networks with one to twelve networks in more than 200 countries and territories around the world . at december 31 , 2011 , international networks operated over 150 unique distribution feeds in over 40 languages with channel feeds customized according to language needs and advertising sales opportunities . our international networks segment owns and operates the following television networks which reached the following number of subscribers as of december 31 , 2011 : education and other our education and other segment primarily includes the sale of curriculum-based product and service offerings and postproduction audio services . 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 , and to a lesser extent student assessment and publication of hardcopy curriculum-based content . our education business also participates in corporate partnerships , global brand and content licensing business with leading non-profits , foundations and trade associations . other businesses primarily include postproduction audio services that are provided to major motion picture studios , independent producers , broadcast networks , cable channels , advertising agencies , and interactive producers . 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 . substantially all content is sourced from a wide range of third-party producers , which includes some of the world 2019s leading nonfiction production companies with which we have developed long-standing relationships , as well as independent producers . our production arrangements fall into three categories : produced , coproduced and licensed . substantially all produced content includes programming which 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 acquired that we have collaborated with third parties to finance and develop . coproduced programs are typically high-cost projects for which neither we nor our coproducers wish to bear the entire cost or productions in which the producer has already taken on an international broadcast partner . licensed content is comprised of films or series that have been previously produced by third parties . global networks international subscribers ( millions ) regional networks international subscribers ( millions ) .
|global networks discovery channel|international subscribers ( millions ) 213|regional networks dmax|international subscribers ( millions ) 47|
|animal planet|166|discovery kids|37|
|tlc real time and travel & living|150|liv|29|
|discovery science|66|quest|23|
|discovery home & health|48|discovery history|13|
|turbo|37|shed|12|
|discovery world|27|discovery en espanol ( u.s. )|5|
|investigation discovery|23|discovery famillia ( u.s. )|4|
|hd services|17|||
.
Question: what's the total in millions for subscribers for the largest 2 regional networks?
Answer: | 379.0 |
FINQA4109 | Please answer the given financial question based on the context.
Context: foreign currency transaction gains ( losses ) foreign currency transaction gains ( losses ) in millions were as follows: .
|years ended december 31,|2017|2016|2015|
|mexico|$ 17|$ -8 ( 8 )|$ -6 ( 6 )|
|philippines|15|12|8|
|bulgaria|14|-8 ( 8 )|3|
|chile|8|-9 ( 9 )|-18 ( 18 )|
|aes corporation|3|-50 ( 50 )|-31 ( 31 )|
|argentina|1|37|124|
|united kingdom|-3 ( 3 )|13|11|
|colombia|-23 ( 23 )|-8 ( 8 )|29|
|other|10|6|-14 ( 14 )|
|total ( 1 )|$ 42|$ -15 ( 15 )|$ 106|
total ( 1 ) $ 42 $ ( 15 ) $ 106 _____________________________ ( 1 ) includes gains of $ 21 million , $ 17 million and $ 247 million on foreign currency derivative contracts for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the company recognized net foreign currency transaction gains of $ 42 million for the year ended december 31 , 2017 primarily driven by transactions associated with vat activity in mexico , the amortization of frozen embedded derivatives in the philippines , and appreciation of the euro in bulgaria . these gains were partially offset by unfavorable foreign currency derivatives in colombia . the company recognized net foreign currency transaction losses of $ 15 million for the year ended december 31 , 2016 primarily due to remeasurement losses on intercompany notes , and losses on swaps and options at the aes corporation . this loss was partially offset in argentina , mainly due to the favorable impact of foreign currency derivatives related to government receivables . the company recognized net foreign currency transaction gains of $ 106 million for the year ended december 31 , 2015 primarily due to foreign currency derivatives related to government receivables in argentina and depreciation of the colombian peso in colombia . these gains were partially offset due to decreases in the valuation of intercompany notes at the aes corporation and unfavorable devaluation of the chilean peso in chile . income tax expense income tax expense increased $ 958 million to $ 990 million in 2017 as compared to 2016 . the company's effective tax rates were 128% ( 128 % ) and 17% ( 17 % ) for the years ended december 31 , 2017 and 2016 , respectively . the net increase in the 2017 effective tax rate was due primarily to expense related to the u.s . tax reform one-time transition tax and remeasurement of deferred tax assets . further , the 2016 rate was impacted by the items described below . income tax expense decreased $ 380 million to $ 32 million in 2016 as compared to 2015 . the company's effective tax rates were 17% ( 17 % ) and 42% ( 42 % ) for the years ended december 31 , 2016 and 2015 , respectively . the net decrease in the 2016 effective tax rate was due , in part , to the 2016 asset impairments in the u.s. , as well as the devaluation of the peso in certain of our mexican subsidiaries and the release of valuation allowance at certain of our brazilian subsidiaries . these favorable items were partially offset by the unfavorable impact of chilean income tax law reform enacted during the first quarter of 2016 . further , the 2015 rate was due , in part , to the nondeductible 2015 impairment of goodwill at dp&l and chilean withholding taxes offset by the release of valuation allowance at certain of our businesses in brazil , vietnam and the u.s . see note 19 2014asset impairment expense included in item 8 . 2014financial statements and supplementary data of this form 10-k for additional information regarding the 2016 u.s . asset impairments . see note 20 2014income taxes included in item 8 . 2014financial statements and supplementary data of this form 10-k for additional information regarding the 2016 chilean income tax law reform . our effective tax rate reflects the tax effect of significant operations outside the u.s. , which are generally taxed at rates different than the u.s . statutory rate . foreign earnings may be taxed at rates higher than the new u.s . corporate rate of 21% ( 21 % ) and a greater portion of our foreign earnings may be subject to current u.s . taxation under the new tax rules . a future proportionate change in the composition of income before income taxes from foreign and domestic tax jurisdictions could impact our periodic effective tax rate . the company also benefits from reduced tax rates in certain countries as a result of satisfying specific commitments regarding employment and capital investment . see note 20 2014income taxes included in item 8 . 2014financial statements and supplementary data of this form 10-k for additional information regarding these reduced rates. .
Question: in 2017 what percentage of foreign currency transaction gains were attributable to mexico?
Answer: | 0.40476 |
FINQA4110 | Please answer the given financial question based on the context.
Context: entergy mississippi , inc . management's financial discussion and analysis the net wholesale revenue variance is primarily due to lower profit on joint account sales and reduced capacity revenue from the municipal energy agency of mississippi . gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to an increase of $ 152.5 million in fuel cost recovery revenues due to higher fuel rates , partially offset by a decrease of $ 43 million in gross wholesale revenues due to a decrease in net generation and purchases in excess of decreased net area demand resulting in less energy available for resale sales coupled with a decrease in system agreement remedy receipts . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by decreased demand and decreased recovery from customers of deferred fuel costs . other regulatory charges increased primarily due to increased recovery through the grand gulf rider of grand gulf capacity costs due to higher rates and increased recovery of costs associated with the power management recovery rider . there is no material effect on net income due to quarterly adjustments to the power management recovery rider . 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
||amount ( in millions )|
|2006 net revenue|$ 466.1|
|base revenue|7.9|
|volume/weather|4.5|
|transmission revenue|4.1|
|transmission equalization|4.0|
|reserve equalization|3.8|
|attala costs|-10.2 ( 10.2 )|
|other|6.7|
|2007 net revenue|$ 486.9|
the base revenue variance is primarily due to a formula rate plan increase effective july 2007 . the formula rate plan filing is discussed further in "state and local rate regulation" below . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , including the effect of more favorable weather on billed electric sales in 2007 compared to 2006 . billed electricity usage increased 214 gwh . the increase in usage was partially offset by decreased usage in the industrial sector . the transmission revenue variance is due to higher rates and the addition of new transmission customers in late 2006 . the transmission equalization variance is primarily due to a revision made in 2006 of transmission equalization receipts among entergy companies . the reserve equalization variance is primarily due to a revision in 2006 of reserve equalization payments among entergy companies due to a ferc ruling regarding the inclusion of interruptible loads in reserve .
Question: what is the percent change between net revenue in 2006 and 2007?
Answer: | 0.04463 |
FINQA4111 | Please answer the given financial question based on the context.
Context: in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 30 , dec 31 , dec 26 .
|years ended ( in millions )|dec 302017|dec 312016|dec 262015|
|net cash provided by operating activities|$ 22110|$ 21808|$ 19018|
|net cash used for investing activities|-15762 ( 15762 )|-25817 ( 25817 )|-8183 ( 8183 )|
|net cash provided by ( used for ) financing activities|-8475 ( 8475 )|-5739 ( 5739 )|1912|
|net increase ( decrease ) in cash and cash equivalents|$ -2127 ( 2127 )|$ -9748 ( 9748 )|$ 12747|
operating activities cash provided by operating activities is net income adjusted for certain non-cash items and changes in assets and liabilities . for 2017 compared to 2016 , the $ 302 million increase in cash provided by operating activities was due to changes to working capital partially offset by adjustments for non-cash items and lower net income . tax reform did not have an impact on our 2017 cash provided by operating activities . the increase in cash provided by operating activities was driven by increased income before taxes and $ 1.0 billion receipts of customer deposits . these increases were partially offset by increased inventory and accounts receivable . income taxes paid , net of refunds , in 2017 compared to 2016 were $ 2.9 billion higher due to higher income before taxes , taxable gains on sales of asml , and taxes on the isecg divestiture . we expect approximately $ 2.0 billion of additional customer deposits in 2018 . for 2016 compared to 2015 , the $ 2.8 billion increase in cash provided by operating activities was due to adjustments for non-cash items and changes in working capital , partially offset by lower net income . the adjustments for non-cash items were higher in 2016 primarily due to restructuring and other charges and the change in deferred taxes , partially offset by lower depreciation . investing activities investing cash flows consist primarily of capital expenditures ; investment purchases , sales , maturities , and disposals ; and proceeds from divestitures and cash used for acquisitions . our capital expenditures were $ 11.8 billion in 2017 ( $ 9.6 billion in 2016 and $ 7.3 billion in 2015 ) . the decrease in cash used for investing activities in 2017 compared to 2016 was primarily due to higher net activity of available-for sale-investments in 2017 , proceeds from our divestiture of isecg in 2017 , and higher maturities and sales of trading assets in 2017 . this activity was partially offset by higher capital expenditures in 2017 . the increase in cash used for investing activities in 2016 compared to 2015 was primarily due to our completed acquisition of altera , net purchases of trading assets in 2016 compared to net sales of trading assets in 2015 , and higher capital expenditures in 2016 . this increase was partially offset by lower investments in non-marketable equity investments . financing activities financing cash flows consist primarily of repurchases of common stock , payment of dividends to stockholders , issuance and repayment of short-term and long-term debt , and proceeds from the sale of shares of common stock through employee equity incentive plans . the increase in cash used for financing activities in 2017 compared to 2016 was primarily due to net long-term debt activity , which was a use of cash in 2017 compared to a source of cash in 2016 . during 2017 , we repurchased $ 3.6 billion of common stock under our authorized common stock repurchase program , compared to $ 2.6 billion in 2016 . as of december 30 , 2017 , $ 13.2 billion remained available for repurchasing common stock under the existing repurchase authorization limit . we base our level of common stock repurchases on internal cash management decisions , and this level may fluctuate . proceeds from the sale of common stock through employee equity incentive plans totaled $ 770 million in 2017 compared to $ 1.1 billion in 2016 . our total dividend payments were $ 5.1 billion in 2017 compared to $ 4.9 billion in 2016 . we have paid a cash dividend in each of the past 101 quarters . in january 2018 , our board of directors approved an increase to our cash dividend to $ 1.20 per share on an annual basis . the board has declared a quarterly cash dividend of $ 0.30 per share of common stock for q1 2018 . the dividend is payable on march 1 , 2018 to stockholders of record on february 7 , 2018 . cash was used for financing activities in 2016 compared to cash provided by financing activities in 2015 , primarily due to fewer debt issuances and the repayment of debt in 2016 . this activity was partially offset by repayment of commercial paper in 2015 and fewer common stock repurchases in 2016 . md&a - results of operations consolidated results and analysis 37 .
Question: what was the percentage change in net cash provided by operating activities from 2016 to 2017?
Answer: | 0.01385 |
FINQA4112 | Please answer the given financial question based on the context.
Context: united parcel service , inc . and subsidiaries notes to consolidated financial statements capital lease obligations we have certain property , plant and equipment subject to capital leases . some of the obligations associated with these capital leases have been legally defeased . the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : .
||2015|2014|
|vehicles|$ 74|$ 86|
|aircraft|2289|2289|
|buildings|207|197|
|accumulated amortization|-849 ( 849 )|-781 ( 781 )|
|property plant and equipment subject to capital leases|$ 1721|$ 1791|
these capital lease obligations have principal payments due at various dates from 2016 through 3005 . facility notes and bonds we have entered into agreements with certain municipalities to finance the construction of , or improvements to , facilities that support our u.s . domestic package and supply chain & freight operations in the united states . these facilities are located around airport properties in louisville , kentucky ; dallas , texas ; and philadelphia , pennsylvania . under these arrangements , we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities , as follows : 2022 bonds with a principal balance of $ 149 million issued by the louisville regional airport authority associated with our worldport facility in louisville , kentucky . the bonds , which are due in january 2029 , bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.03% ( 0.03 % ) and 0.05% ( 0.05 % ) , respectively . 2022 bonds with a principal balance of $ 42 million and due in november 2036 issued by the louisville regional airport authority associated with our air freight facility in louisville , kentucky . the bonds bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.05% ( 0.05 % ) , respectively . 2022 bonds with a principal balance of $ 29 million issued by the dallas / fort worth international airport facility improvement corporation associated with our dallas , texas airport facilities . the bonds are due in may 2032 and bear interest at a variable rate , however the variable cash flows on the obligation have been swapped to a fixed 5.11% ( 5.11 % ) . 2022 bonds with a principal balance of $ 100 million issued by the delaware county , pennsylvania industrial development authority associated with our philadelphia , pennsylvania airport facilities . the bonds , which were due in december 2015 , had a variable interest rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.04% ( 0.04 % ) , respectively . as of december 2015 , these $ 100 million bonds were repaid in full . 2022 in september 2015 , we entered into an agreement with the delaware county , pennsylvania industrial development authority , associated with our philadelphia , pennsylvania airport facilities , for bonds issued with a principal balance of $ 100 million . these bonds , which are due september 2045 , bear interest at a variable rate . the average interest rate for 2015 was 0.00% ( 0.00 % ) . pound sterling notes the pound sterling notes consist of two separate tranches , as follows : 2022 notes with a principal amount of a366 million accrue interest at a 5.50% ( 5.50 % ) fixed rate , and are due in february 2031 . these notes are not callable . 2022 notes with a principal amount of a3455 million accrue interest at a 5.125% ( 5.125 % ) fixed rate , and are due in february 2050 . these notes are callable at our option at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount and accrued interest , or the sum of the present values of the remaining scheduled payout of principal and interest thereon discounted to the date of redemption at a benchmark u.k . government bond yield plus 15 basis points and accrued interest. .
Question: what was the change in millions of vehicles from 2014 to 2015?
Answer: | -12.0 |
FINQA4113 | Please answer the given financial question based on the context.
Context: contractual obligations significant contractual obligations as of december 29 , 2018 were as follows: .
|( in millions )|payments due by period total|payments due by period less than1 year|payments due by period 1 20133 years|payments due by period 3 20135 years|payments due by period more than5 years|
|operating lease obligations|$ 835|$ 229|$ 314|$ 171|$ 121|
|capital purchase obligations1|9029|7888|795|345|1|
|other purchase obligations and commitments2|3249|1272|1781|178|18|
|tax obligations3|4732|143|426|1234|2929|
|long-term debt obligations4|40187|1518|7583|6173|24913|
|other long-term liabilities5|1626|722|708|95|101|
|total6|$ 59658|$ 11772|$ 11607|$ 8196|$ 28083|
capital purchase obligations1 9029 7888 795 345 1 other purchase obligations and commitments2 3249 1272 1781 178 18 tax obligations3 4732 143 426 1234 2929 long-term debt obligations4 40187 1518 7583 6173 24913 other long-term liabilities5 1626 722 708 95 101 total6 $ 59658 $ 11772 $ 11607 $ 8196 $ 28083 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment . they were not recorded as liabilities on our consolidated balance sheets as of december 29 , 2018 , as we had not yet received the related goods nor taken title to the property . 2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations . 3 tax obligations represent the future cash payments related to tax reform enacted in 2017 for the one-time transition tax on our previously untaxed foreign earnings . for further information , see 201cnote 9 : income taxes 201d within the consolidated financial statements . 4 amounts represent principal payments for all debt obligations and interest payments for fixed-rate debt obligations . interest payments on floating-rate debt obligations , as well as the impact of fixed-rate to floating-rate debt swaps , are excluded . debt obligations are classified based on their stated maturity date , regardless of their classification on the consolidated balance sheets . any future settlement of convertible debt would impact our cash payments . 5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities . derivative instruments are excluded from the preceding table , as they do not represent the amounts that may ultimately be paid . 6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities , except for the short-term portions of long-term debt obligations and other long-term liabilities . the expected timing of payments of the obligations in the preceding table is estimated based on current information . timing of payments and actual amounts paid may be different , depending on the time of receipt of goods or services , or changes to agreed- upon amounts for some obligations . contractual obligations for purchases of goods or services included in 201cother purchase obligations and commitments 201d in the preceding table include agreements that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction . for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee . for the purchase of raw materials , we have entered into certain agreements that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements . due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements have been excluded from the preceding table . our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons . in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements . contractual obligations that are contingent upon the achievement of certain milestones have been excluded from the preceding table . most of our milestone-based contracts are tooling related for the purchase of capital equipment . these arrangements are not considered contractual obligations until the milestone is met by the counterparty . as of december 29 , 2018 , assuming that all future milestones are met , the additional required payments would be approximately $ 688 million . for the majority of restricted stock units ( rsus ) granted , the number of shares of common stock issued on the date the rsus vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees . the obligation to pay the relevant taxing authority is excluded from the preceding table , as the amount is contingent upon continued employment . in addition , the amount of the obligation is unknown , as it is based in part on the market price of our common stock when the awards vest . md&a consolidated results and analysis 42 .
Question: as of december 292018 what was the percent of the operating lease obligations due 1 20133 years to the total operating lease obligations
Answer: | 0.37605 |
FINQA4114 | Please answer the given financial question based on the context.
Context: 35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s . as of september 24 , 2011 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 3.2 billion , and deferred tax liabilities of $ 9.2 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . in addition , the company is 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 . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the three years ended september 24 , 2011 ( in millions ) : .
||2011|2010|2009|
|cash cash equivalents and marketable securities|$ 81570|$ 51011|$ 33992|
|accounts receivable net|$ 5369|$ 5510|$ 3361|
|inventories|$ 776|$ 1051|$ 455|
|working capital|$ 17018|$ 20956|$ 20049|
|annual operating cash flow|$ 37529|$ 18595|$ 10159|
cash , cash equivalents and marketable securities increased $ 30.6 billion or 60% ( 60 % ) during 2011 . the principal components of this net increase was the cash generated by operating activities of $ 37.5 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 4.3 billion , payments for acquisition of intangible assets of $ 3.2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 244 million . the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months . the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities and its policy generally limits the amount of credit exposure to any one issuer . the company 2019s investment policy requires investments to generally be investment grade with the objective of minimizing the potential risk of principal loss . as of september 24 , 2011 and september 25 , 2010 , $ 54.3 billion and $ 30.8 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . capital assets the company 2019s capital expenditures were $ 4.6 billion during 2011 , consisting of approximately $ 614 million for retail store facilities and $ 4.0 billion for other capital expenditures , including product tooling and manufacturing .
Question: what is the percentage change in annual operating cash flow from 2010 to 2011?
Answer: | 1.01823 |
FINQA4115 | Please answer the given financial question based on the context.
Context: the following table sets forth the components of foreign currency translation adjustments for fiscal 2012 , 2011 and 2010 ( in thousands ) : .
||2012|2011|2010|
|beginning balance|$ 10580|$ 7632|$ 10640|
|foreign currency translation adjustments|-2225 ( 2225 )|5156|-4144 ( 4144 )|
|income tax effect relating to translation adjustments forundistributed foreign earnings|1314|-2208 ( 2208 )|1136|
|ending balance|$ 9669|$ 10580|$ 7632|
stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties . authorization to repurchase shares to cover on-going dilution was not subject to expiration . however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time . during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority . as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 . during the second quarter of fiscal 2012 , we exhausted our $ 1.6 billion authority granted by our board of directors in fiscal in april 2012 , the board of directors approved a new stock repurchase program granting authority to repurchase up to $ 2.0 billion in common stock through the end of fiscal 2015 . the new stock repurchase program approved by our board of directors is similar to our previous $ 1.6 billion stock repurchase program . during fiscal 2012 , 2011 and 2010 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 405.0 million , $ 695.0 million and $ 850 million , respectively . of the $ 405.0 million of prepayments during fiscal 2012 , $ 100.0 million was under the new $ 2.0 billion stock repurchase program and the remaining $ 305.0 million was under our previous $ 1.6 billion authority . of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment in the third quarter of fiscal 2010 and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar-based authority . we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time . we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions . there were no explicit commissions or fees on these structured repurchases . under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us . the financial institutions agree to deliver shares to us at monthly intervals during the contract term . the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount . during fiscal 2012 , we repurchased approximately 11.5 million shares at an average price of $ 32.29 through structured repurchase agreements entered into during fiscal 2012 . during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 . during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price per share of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 . for fiscal 2012 , 2011 and 2010 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by november 30 , 2012 , december 2 , 2011 and december 3 , 2010 were excluded from the computation of earnings per share . as of november 30 , 2012 , $ 33.0 million of prepayments remained under these agreements . as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what was the change in balance of foreign currency translation adjustments for fiscal 2012 , in thousands?
Answer: | -911.0 |
FINQA4116 | Please answer the given financial question based on the context.
Context: for the valuation of the 4199466 performance-based options granted in 2005 : the risk free interest rate was 4.2% ( 4.2 % ) , the volatility factor for the expected market price of the common stock was 44% ( 44 % ) , the expected dividend yield was zero and the objective time to exercise was 4.7 years with an objective in the money assumption of 2.95 years . it was also expected that the initial public offering assumption would occur within a 9 month period from grant date . the fair value of the performance-based options was calculated to be $ 5.85 . the fair value for fis options granted in 2006 was estimated at the date of grant using a black-scholes option- pricing model with the following weighted average assumptions . the risk free interest rates used in the calculation are the rate that corresponds to the weighted average expected life of an option . the risk free interest rate used for options granted during 2006 was 4.9% ( 4.9 % ) . a volatility factor for the expected market price of the common stock of 30% ( 30 % ) was used for options granted in 2006 . the expected dividend yield used for 2006 was 0.5% ( 0.5 % ) . a weighted average expected life of 6.4 years was used for 2006 . the weighted average fair value of each option granted during 2006 was $ 15.52 . at december 31 , 2006 , the total unrecognized compensation cost related to non-vested stock option grants is $ 86.1 million , which is expected to be recognized in pre-tax income over a weighted average period of 1.9 years . the company intends to limit dilution caused by option exercises , including anticipated exercises , by repurchasing shares on the open market or in privately negotiated transactions . during 2006 , the company repurchased 4261200 shares at an average price of $ 37.60 . on october 25 , 2006 , the company 2019s board of directors approved a plan authorizing the repurchase of up to an additional $ 200 million worth of the company 2019s common stock . defined benefit plans certegy pension plan in connection with the certegy merger , the company announced that it will terminate and settle the certegy u.s . retirement income plan ( usrip ) . the estimated impact of this settlement was reflected in the purchase price allocation as an increase in the pension liability , less the fair value of the pension plan assets , based on estimates of the total cost to settle the liability through the purchase of annuity contracts or lump sum settlements to the beneficiaries . the final settlement will not occur until after an irs determination has been obtained , which is expected to be received in 2007 . in addition to the net pension plan obligation of $ 21.6 million , the company assumed liabilities of $ 8.0 million for certegy 2019s supplemental executive retirement plan ( 201cserp 201d ) and $ 3.0 mil- lion for a postretirement benefit plan . a reconciliation of the changes in the fair value of plan assets of the usrip for the period from february 1 , 2006 through december 31 , 2006 is as follows ( in thousands ) : .
||2006|
|fair value of plan assets at acquisition date|$ 57369|
|actual return on plan assets|8200|
|benefits paid|-797 ( 797 )|
|fair value of plan assets at end of year|$ 64772|
benefits paid in the above table include only those amounts paid directly from plan assets . as of december 31 , 2006 and for 2007 through the pay out of the pension liability , the assets are being invested in u.s . treasury bonds due to the short duration until final payment . fidelity national information services , inc . and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .
Question: what is the percent increase in the fair value of plant asset after the acquisition date?
Answer: | 0.12904 |
FINQA4117 | Please answer the given financial question based on the context.
Context: fis gaming business on june 1 , 2015 , we acquired certain assets of certegy check services , inc. , a wholly-owned subsidiary of fidelity national information services , inc . ( 201cfis 201d ) . under the purchase arrangement , we acquired substantially all of the assets of its gaming business related to licensed gaming operators ( the 201cfis gaming business 201d ) , including relationships with gaming clients in approximately 260 locations as of the acquisition date , for $ 237.5 million , funded from borrowings on our revolving credit facility and cash on hand . we acquired the fis gaming business to expand our direct distribution and service offerings in the gaming market . the estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : .
|customer-related intangible assets|$ 143400|
|liabilities|-150 ( 150 )|
|total identifiable net assets|143250|
|goodwill|94250|
|total purchase consideration|$ 237500|
goodwill arising from the acquisition , included in the north america segment , was attributable to an expected growth opportunities , including cross-selling opportunities at existing and acquired gaming client locations and operating synergies in the gaming business , and an assembled workforce . goodwill associated with this acquisition is deductible for income tax purposes . the customer-related intangible assets have an estimated amortization period of 15 years . valuation of identified intangible assets for the acquisitions discussed above , the estimated fair values of customer-related intangible assets were determined using the income approach , which was based on projected cash flows discounted to their present value using discount rates that consider the timing and risk of the forecasted cash flows . the discount rates used represented the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics . acquired technologies were valued using the replacement cost method , which required us to estimate the costs to construct an asset of equivalent utility at prices available at the time of the valuation analysis , with adjustments in value for physical deterioration and functional and economic obsolescence . trademarks and trade names were valued using the 201crelief-from-royalty 201d approach . this method assumes that trademarks and trade names have value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them . this method required us to estimate the future revenues for the related brands , the appropriate royalty rate and the weighted-average cost of capital . the discount rates used represented the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics . note 3 2014 revenues we are a leading worldwide provider of payment technology and software solutions delivering innovative services to our customers globally . our technologies , services and employee expertise enable us to provide a broad range of solutions that allow our customers to accept various payment types and operate their businesses more efficiently . we distribute our services across a variety of channels to customers . the disclosures in this note are applicable for the year ended december 31 , 2018 . global payments inc . | 2018 form 10-k annual report 2013 79 .
Question: what is the goodwill-to-assets ratio?
Answer: | 0.65725 |
FINQA4118 | Please answer the given financial question based on the context.
Context: the company has a restricted stock plan for non-employee directors which reserves for issuance of 300000 shares of the company 2019s common stock . no restricted shares were issued in 2009 . the company has a directors 2019 deferral plan , which provides a means to defer director compensation , from time to time , on a deferred stock or cash basis . as of september 30 , 2009 , 86643 shares were held in trust , of which 4356 shares represented directors 2019 compensation in 2009 , in accordance with the provisions of the plan . under this plan , which is unfunded , directors have an unsecured contractual commitment from the company . the company also has a deferred compensation plan that allows certain highly-compensated employees , including executive officers , to defer salary , annual incentive awards and certain equity-based compensation . as of september 30 , 2009 , 557235 shares were issuable under this plan . note 16 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
||2009|2008|2007|
|average common shares outstanding|240479|244323|244929|
|dilutive share equivalents from share-based plans|6319|8358|9881|
|average common and common equivalent sharesoutstanding 2014 assuming dilution|246798|252681|254810|
average common and common equivalent shares outstanding 2014 assuming dilution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246798 252681 254810 note 17 2014 segment data the company 2019s organizational structure is based upon its three principal business segments : bd medical ( 201cmedical 201d ) , bd diagnostics ( 201cdiagnostics 201d ) and bd biosciences ( 201cbiosciences 201d ) . the principal product lines in the medical segment include needles , syringes and intravenous catheters for medication delivery ; safety-engineered and auto-disable devices ; prefilled iv flush syringes ; syringes and pen needles for the self-injection of insulin and other drugs used in the treatment of diabetes ; prefillable drug delivery devices provided to pharmaceutical companies and sold to end-users as drug/device combinations ; surgical blades/scalpels and regional anesthesia needles and trays ; critical care monitoring devices ; ophthalmic surgical instruments ; and sharps disposal containers . the principal products and services in the diagnostics segment include integrated systems for specimen collection ; an extensive line of safety-engineered specimen blood collection products and systems ; plated media ; automated blood culturing systems ; molecular testing systems for sexually transmitted diseases and healthcare-associated infections ; microorganism identification and drug susceptibility systems ; liquid-based cytology systems for cervical cancer screening ; and rapid diagnostic assays . the principal product lines in the biosciences segment include fluorescence activated cell sorters and analyzers ; cell imaging systems ; monoclonal antibodies and kits for performing cell analysis ; reagent systems for life sciences research ; tools to aid in drug discovery and growth of tissue and cells ; cell culture media supplements for biopharmaceutical manufacturing ; and diagnostic assays . the company evaluates performance of its business segments based upon operating income . segment operating income represents revenues reduced by product costs and operating expenses . the company hedges against certain forecasted sales of u.s.-produced products sold outside the united states . gains and losses associated with these foreign currency translation hedges are reported in segment revenues based upon their proportionate share of these international sales of u.s.-produced products . becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .
Question: in 2009 what was the percent of the total average common and common equivalent shares outstanding that was dilutive share equivalents from share-based plans
Answer: | 0.0256 |
FINQA4119 | Please answer the given financial question based on the context.
Context: part ii , item 8 20 . pension and other benefit plans adoption of sfas 158 in september 2006 , the financial accounting standards board issued sfas 158 ( employer 2019s accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) ) . sfas 158 required schlumberger to recognize the funded status ( i.e. , the difference between the fair value of plan assets and the benefit obligation ) of its defined benefit pension and other postretirement plans ( collectively 201cpostretirement benefit plans 201d ) in its december 31 , 2006 consolidated balance sheet , with a corresponding adjustment to accumulated other comprehensive income , net of tax . the adjustment to accumulated other comprehensive income at adoption represents the net unrecognized actuarial losses and unrecognized prior service costs which were previously netted against schlumberger 2019s postretirement benefit plans 2019 funded status in the consolidated balance sheet pursuant to the provisions of sfas 87 ( employers 2019 accounting for pensions ) and sfas 106 ( employer 2019s accounting for postretirement benefits other than pensions ) . these amounts will subsequently be recognized as net periodic postretirement cost consistent with schlumberger 2019s historical accounting policy for amortizing such amounts . the adoption of sfas 158 had no effect on schlumberger 2019s consolidated statement of income for the year ended december 31 , 2006 , or for any prior period , and it will not affect schlumberger 2019s operating results in future periods . additionally , sfas 158 did not have an effect on schlumberger 2019s consolidated balance sheet at december 31 , sfas 158 also required companies to measure the fair value of plan assets and benefit obligations as of the date of the fiscal year-end balance sheet . this provision of sfas 158 is not applicable as schlumberger already uses a measurement date of december 31 for its postretirement benefit plans . the incremental effect of applying sfas 158 on the consolidated balance sheet at december 31 , 2006 for all of schlumberger 2019s postretirement benefit plans is presented in the following table : ( stated in millions ) prior to application of sfas 158 sfas 158 adoption adjustments application of sfas 158 .
||prior to application of sfas 158|sfas 158 adoption adjustments|after application of sfas 158|
|deferred taxes ( current )|$ 191|$ -28 ( 28 )|$ 163|
|deferred taxes ( long-term )|$ 186|$ 227|$ 413|
|other assets|$ 416|$ -243 ( 243 )|$ 173|
|accounts payable and accrued liabilities|$ 3925|$ -77 ( 77 )|$ 3848|
|postretirement benefits|$ 713|$ 323|$ 1036|
|accumulated other comprehensive loss|$ -879 ( 879 )|$ -290 ( 290 )|$ -1169 ( 1169 )|
as a result of the adoption of sfas 158 , schlumberger 2019s total liabilities increased by approximately 2% ( 2 % ) and stockholders 2019 equity decreased by approximately 3% ( 3 % ) . the impact on schlumberger 2019s total assets was insignificant . united states defined benefit pension plans schlumberger and its united states subsidiary sponsor several defined benefit pension plans that cover substantially all employees hired prior to october 1 , 2004 . the benefits are based on years of service and compensation on a career-average pay basis . the funding policy with respect to qualified pension plans is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability , amounts that are deductible for income tax purposes , legal funding requirements and available cash flow . these contributions are intended to provide for benefits earned to date and those expected to be earned in the future. .
Question: what is the percent of the sfas 158 adoption adjustments for the deferred taxes to the amount prior to the adjustments
Answer: | -0.1466 |
FINQA4120 | Please answer the given financial question based on the context.
Context: vertex pharmaceuticals incorporated notes to consolidated financial statements ( continued ) i . altus investment ( continued ) of the offering , held 450000 shares of redeemable preferred stock , which are not convertible into common stock and which are redeemable for $ 10.00 per share plus annual dividends of $ 0.50 per share , which have been accruing since the redeemable preferred stock was issued in 1999 , at vertex 2019s option on or after december 31 , 2010 , or by altus at any time . the company was restricted from trading altus securities for a period of six months following the initial public offering . when the altus securities trading restrictions expired , the company sold the 817749 shares of altus common stock for approximately $ 11.7 million , resulting in a realized gain of approximately $ 7.7 million in august 2006 . additionally when the restrictions expired , the company began accounting for the altus warrants as derivative instruments under the financial accounting standards board statement no . fas 133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas 133 201d ) . in accordance with fas 133 , in the third quarter of 2006 , the company recorded the altus warrants on its consolidated balance sheet at a fair market value of $ 19.1 million and recorded an unrealized gain on the fair market value of the altus warrants of $ 4.3 million . in the fourth quarter of 2006 the company sold the altus warrants for approximately $ 18.3 million , resulting in a realized loss of $ 0.7 million . as a result of the company 2019s sales of altus common stock and altus warrrants in 2006 , the company recorded a realized gain on a sale of investment of $ 11.2 million . in accordance with the company 2019s policy , as outlined in note b , 201caccounting policies , 201d the company assessed its investment in altus , which it accounts for using the cost method , and determined that there had not been any adjustments to the fair values of that investment that would require the company to write down the investment basis of the asset , in 2005 and 2006 . the company 2019s cost basis carrying value in its outstanding equity and warrants of altus was $ 18.9 million at december 31 , 2005 . j . accrued expenses and other current liabilities accrued expenses and other current liabilities consist of the following at december 31 ( in thousands ) : k . commitments the company leases its facilities and certain equipment under non-cancelable operating leases . the company 2019s leases have terms through april 2018 . the term of the kendall square lease began january 1 , 2003 and lease payments commenced in may 2003 . the company had an obligation under the kendall square lease , staged through 2006 , to build-out the space into finished laboratory and office space . this lease will expire in 2018 , and the company has the option to extend the term for two consecutive terms of ten years each , ultimately expiring in 2038 . the company occupies and uses for its operations approximately 120000 square feet of the kendall square facility . the company has sublease arrangements in place for the remaining rentable square footage of the kendall square facility , with initial terms that expires in april 2011 and august 2012 . see note e , 201crestructuring 201d for further information. .
||2006|2005|
|research and development contract costs|$ 57761|$ 20098|
|payroll and benefits|25115|15832|
|professional fees|3848|4816|
|other|4635|1315|
|total|$ 91359|$ 42061|
research and development contract costs $ 57761 $ 20098 payroll and benefits 25115 15832 professional fees 3848 4816 4635 1315 $ 91359 $ 42061 .
Question: what is the percent change in research and development contract costs between 2005 and 2006?
Answer: | 1.87397 |
FINQA4121 | Please answer the given financial question based on the context.
Context: page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 . acquisitions latapack-ball embalagens ltda . ( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a . this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market . as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture . latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment . in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting . the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date . the valuation was based on market and income approaches. .
|cash|$ 69.3|
|current assets|84.7|
|property plant and equipment|265.9|
|goodwill|100.2|
|intangible asset|52.8|
|current liabilities|-53.2 ( 53.2 )|
|long-term liabilities|-174.1 ( 174.1 )|
|net assets acquired|$ 345.6|
|noncontrolling interests|$ -132.9 ( 132.9 )|
noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years . the intangible asset is being amortized on a straight-line basis . neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash . neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions . neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people . the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date . guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc . ball has owned 35 percent of the joint venture plant since 1992 . ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates . the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting . the purchase accounting was completed during the third quarter of 2010 . the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage of net assets acquired was property plant and equipment?
Answer: | 0.76939 |
FINQA4122 | Please answer the given financial question based on the context.
Context: amerisourcebergen corporation 2005 during the fiscal year september 30 , 2005 , the company recorded an impairment charge of $ 5.3 million relating to certain intangible assets within its technology operations . amortization expense for other intangible assets was $ 10.3 million , $ 10.0 million and $ 7.0 million in the fiscal years ended september 30 , 2005 , 2004 and 2003 , respectively . amortization expense for other intangible assets is estimated to be $ 10.1 million in fiscal 2006 , $ 8.8 million in fiscal 2007 , $ 5.0 million in fiscal 2008 , $ 3.3 million in fiscal 2009 , $ 3.2 million in fiscal 2010 , and $ 15.9 million thereafter . note 6 . debt debt consisted of the following: .
|dollars in thousands|september 30 , 2005|september 30 , 2004|
|blanco revolving credit facility at 4.53% ( 4.53 % ) and 3.34% ( 3.34 % ) respectively due 2006|$ 55000|$ 55000|
|amerisourcebergen securitization financing due 2007|2014|2014|
|revolving credit facility due 2009|2014|2014|
|$ 400000 55/8% ( 55/8 % ) senior notes due 2012|398010|2014|
|$ 500000 57/8% ( 57/8 % ) senior notes due 2015|497508|2014|
|term loan facility at 3.02% ( 3.02 % )|2014|180000|
|bergen 71/4% ( 71/4 % ) senior notes due 2005|2014|99939|
|81/8%senior notes due 2008|2014|500000|
|71/4%senior notes due 2012|2014|300000|
|amerisource 5% ( 5 % ) convertible subordinated notes due 2007|2014|300000|
|other|2193|3532|
|total debt|952711|1438471|
|less current portion|1232|281360|
|total net of current portion|$ 951479|$ 1157111|
long-term debt in september 2005 , the company issued $ 400 million of 5.625% ( 5.625 % ) senior notes due september 15 , 2012 ( the 201c2012 notes 201d ) and $ 500 million of 5.875% ( 5.875 % ) senior notes due september 15 , 2015 ( the 201c2015 notes 201d ) . the 2012 notes and 2015 notes each were sold at 99.5% ( 99.5 % ) of principal amount and have an effective interest yield of 5.71% ( 5.71 % ) and 5.94% ( 5.94 % ) , respectively . interest on the 2012 notes and the 2015 notes is payable semiannually in arrears , commencing on march 15 , 2006 . both the 2012 notes and the 2015 notes are redeemable at the company 2019s option at a price equal to the greater of 100% ( 100 % ) of the principal amount thereof , or the sum of the discounted value of the remaining scheduled payments , as defined . in addition , at any time before september 15 , 2008 , the company may redeem up to an aggregate of 35% ( 35 % ) of the principal amount of the 2012 notes or the 2015 notes at redemption prices equal to 105.625% ( 105.625 % ) and 105.875% ( 105.875 % ) , respectively , of the principal amounts thereof , plus accrued and unpaid interest and liquidated damages , if any , to the date of redemption , with the cash proceeds of one or more equity issuances . in connection with the issuance of the 2012 notes and the 2015 notes , the company incurred approximately $ 6.3 million and $ 7.9 million of costs , respectively , which were deferred and are being amortized over the terms of the notes . the gross proceeds from the sale of the 2012 notes and the 2015 notes were used to finance the early retirement of the $ 500 million of 81 20448% ( 20448 % ) senior notes due 2008 and $ 300 million of 71 20444% ( 20444 % ) senior notes due 2012 in september 2005 , including the payment of $ 102.3 million of premiums and other costs . additionally , the company expensed $ 8.5 million of deferred financing costs related to the retirement of the 71 20444% ( 20444 % ) notes and the 81 20448% ( 20448 % ) notes . in december 2004 , the company entered into a $ 700 million five-year senior unsecured revolving credit facility ( the 201csenior revolving credit facility 201d ) with a syndicate of lenders . the senior revolving credit facility replaced the senior credit agreement , as defined below . there were no borrowings outstanding under the senior revolving credit facility at september 30 , 2005 . interest on borrowings under the senior revolving credit facility accrues at specific rates based on the company 2019s debt rating . in april 2005 , the company 2019s debt rating was raised by one of the rating agencies and in accordance with the terms of the senior revolving credit facility , interest on borrow- ings accrue at either 80 basis points over libor or the prime rate at september 30 , 2005 . availability under the senior revolving credit facility is reduced by the amount of outstanding letters of credit ( $ 12.0 million at september 30 , 2005 ) . the company pays quarterly facility fees to maintain the availability under the senior revolving credit facility at specific rates based on the company 2019s debt rating . in april 2005 , the rate payable to maintain the availability of the $ 700 million commitment was reduced to 20 basis points per annum resulting from the company 2019s improved debt rating . in connection with entering into the senior revolving credit facility , the company incurred approximately $ 2.5 million of costs , which were deferred and are being amortized over the life of the facility . the company may choose to repay or reduce its commitments under the senior revolving credit facility at any time . the senior revolving credit facility contains covenants that impose limitations on , among other things , additional indebtedness , distributions and dividends to stockholders , and invest- ments . additional covenants require compliance with financial tests , including leverage and minimum earnings to fixed charges ratios . in august 2001 , the company had entered into a senior secured credit agreement ( the 201csenior credit agreement 201d ) with a syndicate of lenders . the senior credit agreement consisted of a $ 1.0 billion revolving credit facility ( the 201crevolving facility 201d ) and a $ 300 million term loan facility ( the 201cterm facility 201d ) , both of which had been scheduled to mature in august 2006 . the term facility had scheduled quarterly maturities , which began in december 2002 , totaling $ 60 million in each of fiscal 2003 and 2004 , $ 80 million in fiscal 2005 and $ 100 million in fiscal 2006 . the company previously paid the scheduled quarterly maturities of $ 60 million in fiscal 2004 and 2003. .
Question: what was the change in total debt in thousands between 2004 and 2005?
Answer: | -485760.0 |
FINQA4123 | Please answer the given financial question based on the context.
Context: marketing we are a supplier of gasoline and distillates to resellers and consumers within our market area in the midwest , upper great plains , gulf coast and southeastern regions of the united states . in 2007 , our refined products sales volumes totaled 21.6 billion gallons , or 1.410 mmbpd . the average sales price of our refined products in aggregate was $ 86.53 per barrel for 2007 . the following table sets forth our refined products sales by product group and our average sales price for each of the last three years . refined product sales ( thousands of barrels per day ) 2007 2006 2005 .
|( thousands of barrels per day )|2007|2006|2005|
|gasoline|791|804|836|
|distillates|377|375|385|
|propane|23|23|22|
|feedstocks and special products|103|106|96|
|heavy fuel oil|29|26|29|
|asphalt|87|91|87|
|total ( a )|1410|1425|1455|
|average sales price ( dollars per barrel )|$ 86.53|$ 77.76|$ 66.42|
total ( a ) 1410 1425 1455 average sales price ( dollars per barrel ) $ 86.53 $ 77.76 $ 66.42 ( a ) includes matching buy/sell volumes of 24 mbpd and 77 mbpd in 2006 and 2005 . on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard . this change resulted in lower refined products sales volumes for 2007 and the remainder of 2006 than would have been reported under our previous accounting practices . see note 2 to the consolidated financial statements . the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers and sales in the spot market accounted for 69 percent of our refined products sales volumes in 2007 . we sold 49 percent of our gasoline volumes and 89 percent of our distillates volumes on a wholesale or spot market basis . half of our propane is sold into the home heating market , with the balance being purchased by industrial consumers . propylene , cumene , aromatics , aliphatics and sulfur are domestically marketed to customers in the chemical industry . base lube oils , maleic anhydride , slack wax , extract and pitch are sold throughout the united states and canada , with pitch products also being exported worldwide . we market asphalt through owned and leased terminals throughout the midwest , upper great plains , gulf coast and southeastern regions of the united states . our customer base includes approximately 750 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers . we have blended ethanol with gasoline for over 15 years and increased our blending program in 2007 , in part due to renewable fuel mandates . we blended 41 mbpd of ethanol into gasoline in 2007 and 35 mbpd in both 2006 and 2005 . the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and changes in government regulations . we sell reformulated gasoline in parts of our marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin and hartford , illinois , and we sell low-vapor-pressure gasoline in nine states . we also sell biodiesel in minnesota , illinois and kentucky . as of december 31 , 2007 , we supplied petroleum products to about 4400 marathon branded-retail outlets located primarily in ohio , michigan , indiana , kentucky and illinois . branded retail outlets are also located in georgia , florida , minnesota , wisconsin , north carolina , tennessee , west virginia , virginia , south carolina , alabama , pennsylvania , and texas . sales to marathon-brand jobbers and dealers accounted for 16 percent of our refined product sales volumes in 2007 . speedway superamerica llc ( 201cssa 201d ) , our wholly-owned subsidiary , sells gasoline and diesel fuel primarily through retail outlets that we operate . sales of refined products through these ssa retail outlets accounted for 15 percent of our refined products sales volumes in 2007 . as of december 31 , 2007 , ssa had 1636 retail outlets in nine states that sold petroleum products and convenience store merchandise and services , primarily under the brand names 201cspeedway 201d and 201csuperamerica . 201d ssa 2019s revenues from the sale of non-petroleum merchandise totaled $ 2.796 billion in 2007 , compared with $ 2.706 billion in 2006 . profit levels from the sale of such merchandise and services tend to be less volatile than profit levels from the retail sale of gasoline and diesel fuel . ssa also operates 59 valvoline instant oil change retail outlets located in michigan and northwest ohio . pilot travel centers llc ( 201cptc 201d ) , our joint venture with pilot corporation ( 201cpilot 201d ) , is the largest operator of travel centers in the united states with 286 locations in 37 states and canada at december 31 , 2007 . the travel centers offer diesel fuel , gasoline and a variety of other services , including on-premises brand-name restaurants at many locations . pilot and marathon each own a 50 percent interest in ptc. .
Question: what was three year total propane production in mmboe?
Answer: | 68.0 |
FINQA4124 | Please answer the given financial question based on the context.
Context: be adjusted by reference to a grid ( the 201cpricing grid 201d ) based on the consolidated leverage ratio and ranges between 1.00% ( 1.00 % ) to 1.25% ( 1.25 % ) for adjusted libor loans and 0.00% ( 0.00 % ) to 0.25% ( 0.25 % ) for alternate base rate loans . the weighted average interest rate under the outstanding term loans and revolving credit facility borrowings was 1.6% ( 1.6 % ) and 1.3% ( 1.3 % ) during the years ended december 31 , 2016 and 2015 , respectively . the company pays a commitment fee on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit . as of december 31 , 2016 , the commitment fee was 15.0 basis points . since inception , the company incurred and deferred $ 3.9 million in financing costs in connection with the credit agreement . 3.250% ( 3.250 % ) senior notes in june 2016 , the company issued $ 600.0 million aggregate principal amount of 3.250% ( 3.250 % ) senior unsecured notes due june 15 , 2026 ( the 201cnotes 201d ) . the proceeds were used to pay down amounts outstanding under the revolving credit facility . interest is payable semi-annually on june 15 and december 15 beginning december 15 , 2016 . prior to march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount of the notes to be redeemed or a 201cmake-whole 201d amount applicable to such notes as described in the indenture governing the notes , plus accrued and unpaid interest to , but excluding , the redemption date . on or after march 15 , 2026 ( three months prior to the maturity date of the notes ) , the company may redeem some or all of the notes at any time or from time to time at a redemption price equal to 100% ( 100 % ) of the principal amount of the notes to be redeemed , plus accrued and unpaid interest to , but excluding , the redemption date . the indenture governing the notes contains covenants , including limitations that restrict the company 2019s ability and the ability of certain of its subsidiaries to create or incur secured indebtedness and enter into sale and leaseback transactions and the company 2019s ability to consolidate , merge or transfer all or substantially all of its properties or assets to another person , in each case subject to material exceptions described in the indenture . the company incurred and deferred $ 5.3 million in financing costs in connection with the notes . other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters . the loan has a seven year term and maturity date of december 2019 . the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty . the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above . the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property . as of december 31 , 2016 and 2015 , the outstanding balance on the loan was $ 42.0 million and $ 44.0 million , respectively . the weighted average interest rate on the loan was 2.0% ( 2.0 % ) and 1.7% ( 1.7 % ) for the years ended december 31 , 2016 and 2015 , respectively . the following are the scheduled maturities of long term debt as of december 31 , 2016 : ( in thousands ) .
|2017|$ 27000|
|2018|27000|
|2019|63000|
|2020|25000|
|2021|86250|
|2022 and thereafter|600000|
|total scheduled maturities of long term debt|$ 828250|
|current maturities of long term debt|$ 27000|
.
Question: what is the interest expense based on the average outstanding loan balance in 2016?
Answer: | 57333.33333 |
FINQA4125 | Please answer the given financial question based on the context.
Context: fidelity national information services , inc . and subsidiaries notes to consolidated financial statements - ( continued ) the following summarizes the aggregate maturities of our debt and capital leases on stated contractual maturities , excluding unamortized non-cash bond premiums and discounts net of $ 30 million as of december 31 , 2017 ( in millions ) : .
||total|
|2018|$ 1045|
|2019|44|
|2020|1157|
|2021|1546|
|2022|705|
|thereafter|4349|
|total principal payments|8846|
|debt issuance costs net of accumulated amortization|-53 ( 53 )|
|total long-term debt|$ 8793|
there are no mandatory principal payments on the revolving loan and any balance outstanding on the revolving loan will be due and payable at its scheduled maturity date , which occurs at august 10 , 2021 . fis may redeem the 2018 notes , 2020 notes , 2021 notes , 2021 euro notes , 2022 notes , 2022 gbp notes , 2023 notes , 2024 notes , 2024 euro notes , 2025 notes , 2026 notes , and 2046 notes at its option in whole or in part , at any time and from time to time , at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount to be redeemed and a make-whole amount calculated as described in the related indenture in each case plus accrued and unpaid interest to , but excluding , the date of redemption , provided no make-whole amount will be paid for redemptions of the 2020 notes , the 2021 notes , the 2021 euro notes and the 2022 gbp notes during the one month prior to their maturity , the 2022 notes during the two months prior to their maturity , the 2023 notes , the 2024 notes , the 2024 euro notes , the 2025 notes , and the 2026 notes during the three months prior to their maturity , and the 2046 notes during the six months prior to their maturity . debt issuance costs of $ 53 million , net of accumulated amortization , remain capitalized as of december 31 , 2017 , related to all of the above outstanding debt . we monitor the financial stability of our counterparties on an ongoing basis . the lender commitments under the undrawn portions of the revolving loan are comprised of a diversified set of financial institutions , both domestic and international . the failure of any single lender to perform its obligations under the revolving loan would not adversely impact our ability to fund operations . the fair value of the company 2019s long-term debt is estimated to be approximately $ 156 million higher than the carrying value as of december 31 , 2017 . this estimate is based on quoted prices of our senior notes and trades of our other debt in close proximity to december 31 , 2017 , which are considered level 2-type measurements . this estimate is subjective in nature and involves uncertainties and significant judgment in the interpretation of current market data . therefore , the values presented are not necessarily indicative of amounts the company could realize or settle currently. .
Question: what percent of total long-term debt is due after 2022?
Answer: | 0.4946 |
FINQA4126 | Please answer the given financial question based on the context.
Context: table of contents concentrations in the available sources of supply of materials and product although most components essential to the company 2019s business are generally available from multiple sources , a number of components are currently obtained from single or limited sources . in addition , the company competes for various components with other participants in the markets for mobile communication and media devices and personal computers . therefore , many components used by the company , including those that are available from multiple sources , are at times subject to industry-wide shortage and significant pricing fluctuations that could materially adversely affect the company 2019s financial condition and operating results . the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source . when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased . if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected . the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements . the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all . therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results . substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia . a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations . certain of these outsourcing partners are the sole-sourced suppliers of components and manufacturers for many of the company 2019s products . although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments . the company 2019s purchase commitments typically cover its requirements for periods up to 150 days . other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 27 , 2014 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 5.0 billion , of which $ 3.6 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 717 million , $ 645 million and $ 488 million in 2014 , 2013 and 2012 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 27 , 2014 , are as follows ( in millions ) : apple inc . | 2014 form 10-k | 75 .
|2015|$ 662|
|2016|676|
|2017|645|
|2018|593|
|2019|534|
|thereafter|1877|
|total|$ 4987|
.
Question: what percentage of future minimum lease payments under noncancelable operating leases are due in 2017?
Answer: | 0.12934 |
FINQA4127 | Please answer the given financial question based on the context.
Context: the following table illustrates the incremental effect of applying sfas no . 158 on individual line items of the balance sheet as of december 31 , 2006 . before after application of application of ( in millions ) sfas no . 158 adjustments sfas no . 158 .
|( in millions )|before application of sfas no . 158|adjustments|after application of sfas no . 158|
|prepaid pensions|$ 229|$ -229 ( 229 )|$ 2013|
|investments and long-term receivables|1893|-6 ( 6 )|1887|
|total assets|31066|-235 ( 235 )|30831|
|payroll and benefits payable|384|25|409|
|defined benefit postretirement plan obligations|870|375|1245|
|long-term deferred income taxes|2183|-286 ( 286 )|1897|
|deferred credits and other liabilities|397|-6 ( 6 )|391|
|total liabilities|15598|108|15706|
|accumulated other comprehensive loss|-25 ( 25 )|-343 ( 343 )|-368 ( 368 )|
|total stockholders' equity|$ 14950|$ -343 ( 343 )|$ 14607|
sab no . 108 2013 in september 2006 , the securities and exchange commission issued staff accounting bulletin ( 2018 2018sab 2019 2019 ) no . 108 , 2018 2018financial statements 2013 considering the effects of prior year misstatements when quantifying misstatements in current year financial statements . 2019 2019 sab no . 108 addresses how a registrant should quantify the effect of an error in the financial statements for purposes of assessing materiality and requires that the effect be computed using both the current year income statement perspective ( 2018 2018rollover 2019 2019 ) and the year end balance sheet perspective ( 2018 2018iron curtain 2019 2019 ) methods for fiscal years ending after november 15 , 2006 . if a change in the method of quantifying errors is required under sab no . 108 , this represents a change in accounting policy ; therefore , if the use of both methods results in a larger , material misstatement than the previously applied method , the financial statements must be adjusted . sab no . 108 allows the cumulative effect of such adjustments to be made to opening retained earnings upon adoption . marathon adopted sab no . 108 for the year ended december 31 , 2006 , and adoption did not have an effect on marathon 2019s consolidated results of operations , financial position or cash flows . eitf issue no . 06-03 2013 in june 2006 , the fasb ratified the consensus reached by the eitf regarding issue no . 06-03 , 2018 2018how taxes collected from customers and remitted to governmental authorities should be presented in the income statement ( that is , gross versus net presentation ) . 2019 2019 included in the scope of this issue are any taxes assessed by a governmental authority that are imposed on and concurrent with a specific revenue-producing transaction between a seller and a customer . the eitf concluded that the presentation of such taxes on a gross basis ( included in revenues and costs ) or a net basis ( excluded from revenues ) is an accounting policy decision that should be disclosed pursuant to accounting principles board ( 2018 2018apb 2019 2019 ) opinion no . 22 , 2018 2018disclosure of accounting policies . 2019 2019 in addition , the amounts of such taxes reported on a gross basis must be disclosed if those tax amounts are significant . the policy disclosures required by this consensus are included in note 1 under the heading 2018 2018consumer excise taxes 2019 2019 and the taxes reported on a gross basis are presented separately as consumer excise taxes in the consolidated statements of income . eitf issue no . 04-13 2013 in september 2005 , the fasb ratified the consensus reached by the eitf on issue no . 04-13 , 2018 2018accounting for purchases and sales of inventory with the same counterparty . 2019 2019 the consensus establishes the circumstances under which two or more inventory purchase and sale transactions with the same counterparty should be recognized at fair value or viewed as a single exchange transaction subject to apb opinion no . 29 , 2018 2018accounting for nonmonetary transactions . 2019 2019 in general , two or more transactions with the same counterparty must be combined for purposes of applying apb opinion no . 29 if they are entered into in contemplation of each other . the purchase and sale transactions may be pursuant to a single contractual arrangement or separate contractual arrangements and the inventory purchased or sold may be in the form of raw materials , work-in-process or finished goods . effective april 1 , 2006 , marathon adopted the provisions of eitf issue no . 04-13 prospectively . eitf issue no . 04-13 changes the accounting for matching buy/sell arrangements that are entered into or modified on or after april 1 , 2006 ( except for those accounted for as derivative instruments , which are discussed below ) . in a typical matching buy/sell transaction , marathon enters into a contract to sell a particular quantity and quality of crude oil or refined product at a specified location and date to a particular counterparty and simultaneously agrees to buy a particular quantity and quality of the same commodity at a specified location on the same or another specified date from the same counterparty . prior to adoption of eitf issue no . 04-13 , marathon recorded such matching buy/sell transactions in both revenues and cost of revenues as separate sale and purchase transactions . upon adoption , these transactions are accounted for as exchanges of inventory . the scope of eitf issue no . 04-13 excludes matching buy/sell arrangements that are accounted for as derivative instruments . a portion of marathon 2019s matching buy/sell transactions are 2018 2018nontraditional derivative instruments , 2019 2019 which are discussed in note 1 . although the accounting for nontraditional derivative instruments is outside the scope of eitf issue no . 04-13 , the conclusions reached in that consensus caused marathon to reconsider the guidance in eitf issue no . 03-11 , 2018 2018reporting realized gains and losses on derivative instruments that are subject to fasb statement no . 133 and not 2018 2018held for trading purposes 2019 2019 as defined in issue no . 02-3 . 2019 2019 as a result , effective for contracts entered into or modified on or after april 1 , 2006 , the effects of matching buy/sell arrangements accounted for as nontraditional derivative instruments are recognized on a net basis in net income and are classified as cost of revenues . prior to this change , marathon recorded these transactions in both revenues and cost of revenues as separate sale and purchase transactions . this change in accounting principle is being applied on a prospective basis because it is impracticable to apply the change on a retrospective basis. .
Question: what was the percentage change in total stockholders' equity due to the adoption of fas 158?
Answer: | -0.02294 |
FINQA4128 | Please answer the given financial question based on the context.
Context: the following table presents the net periodic pension and opeb cost/ ( benefit ) for the years ended december 31 : millions 2013 2012 2011 2010 .
|millions|est.2013|2012|2011|2010|
|net periodic pension cost|$ 111|$ 89|$ 78|$ 51|
|net periodic opeb cost/ ( benefit )|15|13|-6 ( 6 )|-14 ( 14 )|
our net periodic pension cost is expected to increase to approximately $ 111 million in 2013 from $ 89 million in 2012 . the increase is driven mainly by a decrease in the discount rate to 3.78% ( 3.78 % ) , our net periodic opeb expense is expected to increase to approximately $ 15 million in 2013 from $ 13 million in 2012 . the increase in our net periodic opeb cost is primarily driven by a decrease in the discount rate to 3.48% ( 3.48 % ) . cautionary information certain statements in this report , and statements in other reports or information filed or to be filed with the sec ( as well as information included in oral statements or other written statements made or to be made by us ) , are , or will be , forward-looking statements as defined by the securities act of 1933 and the securities exchange act of 1934 . these forward-looking statements and information include , without limitation , ( a ) statements in the ceo 2019s letter preceding part i ; statements regarding planned capital expenditures under the caption 201c2013 capital expenditures 201d in item 2 of part i ; statements regarding dividends in item 5 ; and statements and information set forth under the captions 201c2013 outlook 201d and 201cliquidity and capital resources 201d in this item 7 , and ( b ) any other statements or information in this report ( including information incorporated herein by reference ) regarding : expectations as to financial performance , revenue growth and cost savings ; the time by which goals , targets , or objectives will be achieved ; projections , predictions , expectations , estimates , or forecasts as to our business , financial and operational results , future economic performance , and general economic conditions ; expectations as to operational or service performance or improvements ; expectations as to the effectiveness of steps taken or to be taken to improve operations and/or service , including capital expenditures for infrastructure improvements and equipment acquisitions , any strategic business acquisitions , and modifications to our transportation plans ( including statements set forth in item 2 as to expectations related to our planned capital expenditures ) ; expectations as to existing or proposed new products and services ; expectations as to the impact of any new regulatory activities or legislation on our operations or financial results ; estimates of costs relating to environmental remediation and restoration ; estimates and expectations regarding tax matters ; expectations that claims , litigation , environmental costs , commitments , contingent liabilities , labor negotiations or agreements , or other matters will not have a material adverse effect on our consolidated results of operations , financial condition , or liquidity and any other similar expressions concerning matters that are not historical facts . forward-looking statements may be identified by their use of forward-looking terminology , such as 201cbelieves , 201d 201cexpects , 201d 201cmay , 201d 201cshould , 201d 201cwould , 201d 201cwill , 201d 201cintends , 201d 201cplans , 201d 201cestimates , 201d 201canticipates , 201d 201cprojects 201d and similar words , phrases or expressions . forward-looking statements should not be read as a guarantee of future performance or results , and will not necessarily be accurate indications of the times that , or by which , such performance or results will be achieved . forward-looking statements and information are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements and information . forward-looking statements and information reflect the good faith consideration by management of currently available information , and may be based on underlying assumptions believed to be reasonable under the circumstances . however , such information and assumptions ( and , therefore , such forward-looking statements and information ) are or may be subject to variables or unknown or unforeseeable events or circumstances over which management has little or no influence or control . the risk factors in item 1a of this report could affect our future results and could cause those results or other outcomes to differ materially from those expressed or implied in any forward-looking statements or information . to the extent circumstances require or we deem it otherwise necessary , we will update or amend these risk factors in a form 10-q , form 8-k or subsequent form 10-k . all forward-looking statements are qualified by , and should be read in conjunction with , these risk factors . forward-looking statements speak only as of the date the statement was made . we assume no obligation to update forward-looking information to reflect actual results , changes in assumptions or changes in other factors affecting forward-looking information . if we do update one or more forward-looking .
Question: if 2012 net periodic opeb cost increased at the same pace as the pension cost , what would the estimated 2013 cost be in millions?
Answer: | 14.83333 |
FINQA4129 | Please answer the given financial question based on the context.
Context: ( i ) intellectual property the company capitalizes as intellectual property costs incurred , excluding costs associated with company personnel , relating to patenting its technology . capitalized costs , the majority of which represent legal costs , reflect the cost of both awarded patents and patents pending . the company amortizes the cost of these patents on a straight-line basis over a period of seven years . if the company elects to stop pursuing a particular patent application or determines that a patent application is not likely to be awarded for a particular patent or elects to discontinue payment of required maintenance fees for a particular patent , the company at that time records as expense the net capitalized amount of such patent application or patent . the company does not capitalize maintenance fees for patents . ( j ) net loss per share basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the fiscal year . diluted net loss per share is computed by dividing net loss by the weighted-average number of dilutive common shares outstanding during the fiscal year . diluted weighted-average shares reflect the dilutive effect , if any , of potential common stock such as options and warrants based on the treasury stock method . no potential common stock is considered dilutive in periods in which a loss is reported , such as the fiscal years ended march 31 , 2001 , 2002 and 2003 , because all such common equivalent shares would be antidilutive . the calculation of diluted weighted-average shares outstanding for the years ended march 31 , 2001 , 2002 and 2003 excludes the options to purchase common stock as shown below . potential dilutive shares year ended march 31 , from exercise of common stock options .
|year ended march 31,|potential dilutive shares from exercise of common stock options|
|2001|1808322|
|2002|1420831|
|2003|58343|
the calculation of diluted weighted-average shares outstanding excludes unissued shares of common stock associated with outstanding stock options that have exercise prices greater than the average market price of abiomed common stock during the period . for the fiscal years ending march 31 , 2001 , 2002 and 2003 , the weighted-average number of these potential shares totaled 61661 , 341495 and 2463715 shares , respectively . the calculation of diluted weighted-average shares outstanding for the years ended march 31 , 2001 , 2002 and 2003 also excludes warrants to purchase 400000 shares of common stock issued in connection with the acquisition of intellectual property ( see note 4 ) . ( k ) cash and cash equivalents the company classifies any marketable security with a maturity date of 90 days or less at the time of purchase as a cash equivalent . ( l ) marketable securities the company classifies any security with a maturity date of greater than 90 days at the time of purchase as marketable securities and classifies marketable securities with a maturity date of greater than one year from the balance sheet date as long-term investments . under statement of financial accounting standards ( sfas ) no . 115 , accounting for certain investments in debt and equity securities , securities that the company has the positive intent and ability to hold to maturity are reported at amortized cost and classified as held-to-maturity securities . the amortized cost and market value of marketable securities were approximately $ 25654000 and $ 25661000 at march 31 , 2002 , and $ 9877000 and $ 9858000 at march 31 , 2003 , respectively . at march 31 , 2003 , these short-term investments consisted primarily of government securities . ( m ) disclosures about fair value of financial instruments as of march 31 , 2002 and 2003 , the company 2019s financial instruments were comprised of cash and cash equivalents , marketable securities , accounts receivable and accounts payable , the carrying amounts of which approximated fair market value . ( n ) comprehensive income sfas no . 130 , reporting comprehensive income , requires disclosure of all components of comprehensive income and loss on an annual and interim basis . comprehensive income and loss is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources . other than the reported net loss , there were no components of comprehensive income or loss which require disclosure for the years ended march 31 , 2001 , 2002 and 2003 . notes to consolidated financial statements ( continued ) march 31 , 2003 page 20 .
Question: what was the unrealized loss in marketable securities at march 31 , 2003?
Answer: | -19000.0 |
FINQA4130 | Please answer the given financial question based on the context.
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) the letters of credit use $ 909.4 million and $ 950.2 million as of december 31 , 2012 and 2011 , respectively , of availability under our credit facilities . surety bonds expire on various dates through 2026 . these financial instruments are issued in the normal course of business and are not debt . because we currently have no liability for this financial assurance , it is not reflected in our consolidated balance sheets . however , we have recorded capping , closure and post-closure obligations and self-insurance reserves as they are incurred . the underlying financial assurance obligations , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . our restricted cash and marketable securities deposits include , among other things , restricted cash and marketable securities held for capital expenditures under certain debt facilities , and restricted cash and marketable securities pledged to regulatory agencies and governmental entities as financial guarantees of our performance related to our final capping , closure and post-closure obligations at our landfills . the following table summarizes our restricted cash and marketable securities as of december 31: .
||2012|2011|
|financing proceeds|$ 24.7|$ 22.5|
|capping closure and post-closure obligations|54.8|54.9|
|self-insurance|81.3|75.2|
|other|3.4|37.0|
|total restricted cash and marketable securities|$ 164.2|$ 189.6|
we own a 19.9% ( 19.9 % ) interest in a company that , among other activities , issues financial surety bonds to secure capping , closure and post-closure obligations for companies operating in the solid waste industry . we account for this investment under the cost method of accounting . there have been no identified events or changes in circumstances that may have a significant adverse effect on the recoverability of the investment . this investee company and the parent company of the investee had written surety bonds for us relating primarily to our landfill operations for capping , closure and post-closure , of which $ 1152.1 million was outstanding as of december 31 , 2012 . our reimbursement obligations under these bonds are secured by an indemnity agreement with the investee and letters of credit totaling $ 23.4 million and $ 45.0 million as of december 31 , 2012 and 2011 . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and the financial assurances discussed above , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . guarantees we enter into contracts in the normal course of business that include indemnification clauses . indemnifications relating to known liabilities are recorded in the consolidated financial statements based on our best estimate of required future payments . certain of these indemnifications relate to contingent events or occurrences , such as the imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law , and indemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our activities prior to the divestiture and that may become known in the future . we do not believe that these contingent obligations will have a material effect on our consolidated financial position , results of operations or cash flows. .
Question: ar december 31 , 2012 what was the ratio of the surety bond to the reimbursement obligation under the surety bonds
Answer: | 49.23504 |
FINQA4131 | Please answer the given financial question based on the context.
Context: other expense , net , decreased $ 6.2 million , or 50.0% ( 50.0 % ) , for the year ended december 31 , 2004 compared to the year ended december 31 , 2003 . the decrease was primarily due to a reduction in charges on disposal and transfer costs of fixed assets and facility closure costs of $ 3.3 million , reduced legal charges of $ 1.5 million , and a reduction in expenses of $ 1.4 million consisting of individually insignificant items . interest expense and income taxes interest expense decreased in 2004 by $ 92.2 million , or 75.7% ( 75.7 % ) , from 2003 . this decrease included $ 73.3 million of expenses related to the company 2019s debt refinancing , which was completed in july 2003 . the $ 73.3 million of expenses consisted of $ 55.9 million paid in premiums for the tender of the 95 20448% ( 20448 % ) senior subordinated notes , and a $ 17.4 million non-cash charge for the write-off of deferred financing fees related to the 95 20448% ( 20448 % ) notes and pca 2019s original revolving credit facility . excluding the $ 73.3 million charge , interest expense was $ 18.9 million lower than in 2003 as a result of lower interest rates attributable to the company 2019s july 2003 refinancing and lower debt levels . pca 2019s effective tax rate was 38.0% ( 38.0 % ) for the year ended december 31 , 2004 and 42.3% ( 42.3 % ) for the year ended december 31 , 2003 . the higher tax rate in 2003 is due to stable permanent items over lower book income ( loss ) . for both years 2004 and 2003 tax rates are higher than the federal statutory rate of 35.0% ( 35.0 % ) due to state income taxes . year ended december 31 , 2003 compared to year ended december 31 , 2002 the historical results of operations of pca for the years ended december 31 , 2003 and 2002 are set forth below : for the year ended december 31 , ( in millions ) 2003 2002 change .
|( in millions )|2003|2002|change|
|net sales|$ 1735.5|$ 1735.9|$ -0.4 ( 0.4 )|
|income before interest and taxes|$ 96.9|$ 145.3|$ -48.4 ( 48.4 )|
|interest expense net|-121.8 ( 121.8 )|-67.7 ( 67.7 )|-54.1 ( 54.1 )|
|income ( loss ) before taxes|-24.9 ( 24.9 )|77.6|-102.5 ( 102.5 )|
|( provision ) benefit for income taxes|10.5|-29.4 ( 29.4 )|39.9|
|net income ( loss )|$ -14.4 ( 14.4 )|$ 48.2|$ -62.6 ( 62.6 )|
net sales net sales decreased by $ 0.4 million , or 0.0% ( 0.0 % ) , for the year ended december 31 , 2003 from the year ended december 31 , 2002 . net sales increased due to improved sales volumes compared to 2002 , however , this increase was entirely offset by lower sales prices . total corrugated products volume sold increased 2.1% ( 2.1 % ) to 28.1 billion square feet in 2003 compared to 27.5 billion square feet in 2002 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 1.7% ( 1.7 % ) in 2003 from 2002 . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the lower percentage increase was due to the fact that 2003 had one more workday ( 252 days ) , those days not falling on a weekend or holiday , than 2002 ( 251 days ) . containerboard sales volume to external domestic and export customers decreased 6.7% ( 6.7 % ) to 445000 tons for the year ended december 31 , 2003 from 477000 tons in the comparable period of 2002 . income before interest and taxes income before interest and taxes decreased by $ 48.4 million , or 33.3% ( 33.3 % ) , for the year ended december 31 , 2003 compared to 2002 . included in income before interest and taxes for the twelve months .
Question: what was the percentage point change in pca 2019s effective tax rate in december 31 , 2004 from december 31 , 2003?
Answer: | 4.3 |
FINQA4132 | Please answer the given financial question based on the context.
Context: b . investments . fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets . fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) . the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities . the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities . fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency . the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities . for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions . interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) . unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses . short-term investments are stated at cost , which approximates market value . realized gains or losses on sales of investments are determined on the basis of identified cost . for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s . treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security . for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs . when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value . retrospective adjustments are employed to recalculate the values of asset-backed securities . each acquisition lot is reviewed to recalculate the effective yield . the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition . outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities . conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types . other invested assets include limited partnerships and rabbi trusts . limited partnerships are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag . c . uncollectible receivable balances . the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances . such reserves are presented in the table below for the periods indicated. .
|( dollars in thousands )|years ended december 31 , 2014|years ended december 31 , 2013|
|reinsurance receivables and premium receivables|$ 29497|$ 29905|
.
Question: what is the percentage change in the balance of reinsurance receivables and premium receivables from 2013 to 2014?
Answer: | -0.01364 |
FINQA4133 | Please answer the given financial question based on the context.
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 , 2016 . 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 , 2011 and that all dividends were reinvested. .
||2011|2012|2013|2014|2015|2016|
|loews common stock|100.0|108.91|129.64|113.59|104.47|128.19|
|s&p 500 index|100.0|116.00|153.57|174.60|177.01|198.18|
|loews peer group ( a )|100.0|113.39|142.85|150.44|142.44|165.34|
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : chubb limited ( name change from ace limited after it acquired the chubb corporation on january 15 , 2016 ) , w.r . berkley corporation , the chubb corporation ( included through january 15 , 2016 when it was acquired by ace limited ) , 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 in each year since 1967 . regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2016 and 2015. .
Question: what is the roi of an investment in loews common stock from 2011 to 2012?
Answer: | 0.0891 |
FINQA4134 | Please answer the given financial question based on the context.
Context: 13 . rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases . total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 . as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) .
|2018|$ 131|
|2019|115|
|2020|96|
|2021|86|
|2022|74|
|thereafter|115|
|total|$ 617|
the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options . these leases have been excluded from the table above . the company estimates payments under such leases will approximate $ 62 million in 2018 . these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles . 14 . research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred . such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 . the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 . 15 . commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits . the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 . the company also has contractual obligations including lease commitments , which are discussed in note 13 . the company records liabilities where a contingent loss is probable and can be reasonably estimated . if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount . the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred . insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses . the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles . the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations . the company determines its liabilities for claims on an actuarial basis . litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business . these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities . the company has established accruals for certain lawsuits , claims and environmental matters . the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters . because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities . a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded . the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position . environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs . potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: total rental expense under the company 2019s operating leases changed by how much in millions between 2017 and 2018?
Answer: | -108.0 |
FINQA4135 | Please answer the given financial question based on the context.
Context: 35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s . as of september 29 , 2012 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 4.0 billion , and deferred tax liabilities of $ 14.9 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . in addition , the company is 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 . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 29 , 2012 , september 24 , 2011 , and september 25 , 2010 ( in millions ) : .
||2012|2011|2010|
|cash cash equivalents and marketable securities|$ 121251|$ 81570|$ 51011|
|accounts receivable net|$ 10930|$ 5369|$ 5510|
|inventories|$ 791|$ 776|$ 1051|
|working capital|$ 19111|$ 17018|$ 20956|
|annual operating cash flow|$ 50856|$ 37529|$ 18595|
as of september 29 , 2012 , the company had $ 121.3 billion in cash , cash equivalents and marketable securities , an increase of $ 39.7 billion or 49% ( 49 % ) from september 24 , 2011 . the principal components of this net increase was the cash generated by operating activities of $ 50.9 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 8.3 billion , payments for acquisition of intangible assets of $ 1.1 billion and payments of dividends and dividend equivalent rights of $ 2.5 billion . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . as of september 29 , 2012 and september 24 , 2011 , $ 82.6 billion and $ 54.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments , common stock repurchases , dividends on its common stock , and other liquidity requirements associated with its existing operations over the next 12 months . capital assets the company 2019s capital expenditures were $ 10.3 billion during 2012 , consisting of $ 865 million for retail store facilities and $ 9.5 billion for other capital expenditures , including product tooling and manufacturing process .
Question: what was the percentage change in the annual operating cash flow between 2011 and 2012?
Answer: | 0.35511 |
FINQA4136 | Please answer the given financial question based on the context.
Context: 24 | 2018 emerson annual report 2017 vs . 2016 2013 commercial & residential solutions sales were $ 5.9 billion in 2017 , an increase of $ 302 million , or 5 percent , reflecting favorable conditions in hvac and refrigeration markets in the u.s. , asia and europe , as well as u.s . and asian construction markets . underlying sales increased 5 percent ( $ 297 million ) on 6 percent higher volume , partially offset by 1 percent lower price . foreign currency translation deducted $ 20 million and acquisitions added $ 25 million . climate technologies sales were $ 4.2 billion in 2017 , an increase of $ 268 million , or 7 percent . global air conditioning sales were solid , led by strength in the u.s . and asia and robust growth in china partially due to easier comparisons , while sales were up modestly in europe and declined moderately in middle east/africa . global refrigeration sales were strong , reflecting robust growth in china on increased adoption of energy- efficient solutions and slight growth in the u.s . sensors and solutions had strong growth , while temperature controls was up modestly . tools & home products sales were $ 1.6 billion in 2017 , up $ 34 million compared to the prior year . professional tools had strong growth on favorable demand from oil and gas customers and in other construction-related markets . wet/dry vacuums sales were up moderately as favorable conditions continued in u.s . construction markets . food waste disposers increased slightly , while the storage business declined moderately . overall , underlying sales increased 3 percent in the u.s. , 4 percent in europe and 17 percent in asia ( china up 27 percent ) . sales increased 3 percent in latin america and 4 percent in canada , while sales decreased 5 percent in middle east/africa . earnings were $ 1.4 billion , an increase of $ 72 million driven by climate technologies , while margin was flat . increased volume and resulting leverage , savings from cost reduction actions , and lower customer accommodation costs of $ 16 million were largely offset by higher materials costs , lower price and unfavorable product mix . financial position , capital resources and liquidity the company continues to generate substantial cash from operations and has the resources available to reinvest for growth in existing businesses , pursue strategic acquisitions and manage its capital structure on a short- and long-term basis . cash flow from continuing operations ( dollars in millions ) 2016 2017 2018 .
|( dollars in millions )|2016|2017|2018|
|operating cash flow|$ 2499|2690|2892|
|percent of sales|17.2% ( 17.2 % )|17.6% ( 17.6 % )|16.6% ( 16.6 % )|
|capital expenditures|$ 447|476|617|
|percent of sales|3.1% ( 3.1 % )|3.1% ( 3.1 % )|3.5% ( 3.5 % )|
|free cash flow ( operating cash flow less capital expenditures )|$ 2052|2214|2275|
|percent of sales|14.1% ( 14.1 % )|14.5% ( 14.5 % )|13.1% ( 13.1 % )|
|operating working capital|$ 755|1007|985|
|percent of sales|5.2% ( 5.2 % )|6.6% ( 6.6 % )|5.7% ( 5.7 % )|
operating cash flow from continuing operations for 2018 was $ 2.9 billion , a $ 202 million , or 8 percent increase compared with 2017 , primarily due to higher earnings , partially offset by an increase in working capital investment to support higher levels of sales activity and income taxes paid on the residential storage divestiture . operating cash flow from continuing operations of $ 2.7 billion in 2017 increased 8 percent compared to $ 2.5 billion in 2016 , reflecting higher earnings and favorable changes in working capital . at september 30 , 2018 , operating working capital as a percent of sales was 5.7 percent compared with 6.6 percent in 2017 and 5.2 percent in 2016 . the increase in 2017 was due to higher levels of working capital in the acquired valves & controls business . operating cash flow from continuing operations funded capital expenditures of $ 617 million , dividends of $ 1.2 billion , and common stock purchases of $ 1.0 billion . in 2018 , the company repatriated $ 1.4 billion of cash held by non-u.s . subsidiaries , which was part of the company 2019s previously announced plans . these funds along with increased short-term borrowings and divestiture proceeds supported acquisitions of $ 2.2 billion . contributions to pension plans were $ 61 million in 2018 , $ 45 million in 2017 and $ 66 million in 2016 . capital expenditures related to continuing operations were $ 617 million , $ 476 million and $ 447 million in 2018 , 2017 and 2016 , respectively . free cash flow from continuing operations ( operating cash flow less capital expenditures ) was $ 2.3 billion in 2018 , up 3 percent . free cash flow was $ 2.2 billion in 2017 , compared with $ 2.1 billion in 2016 . the company is targeting capital spending of approximately $ 650 million in 2019 . net cash paid in connection with acquisitions was $ 2.2 billion , $ 3.0 billion and $ 132 million in 2018 , 2017 and 2016 , respectively . proceeds from divestitures not classified as discontinued operations were $ 201 million and $ 39 million in 2018 and 2017 , respectively . dividends were $ 1.2 billion ( $ 1.94 per share ) in 2018 , compared with $ 1.2 billion ( $ 1.92 per share ) in 2017 and $ 1.2 billion ( $ 1.90 per share ) in 2016 . in november 2018 , the board of directors voted to increase the quarterly cash dividend 1 percent , to an annualized rate of $ 1.96 per share . purchases of emerson common stock totaled $ 1.0 billion , $ 400 million and $ 601 million in 2018 , 2017 and 2016 , respectively , at average per share prices of $ 66.25 , $ 60.51 and $ 48.11 . the board of directors authorized the purchase of up to 70 million common shares in november 2015 , and 41.8 million shares remain available for purchase under this authorization . the company purchased 15.1 million shares in 2018 , 6.6 million shares in 2017 , and 12.5 million shares in 2016 under this authorization and the remainder of the may 2013 authorization. .
Question: what was the percentage change in capital expenditures between 2017 and 2018?
Answer: | 0.29622 |
FINQA4137 | Please answer the given financial question based on the context.
Context: competitive supply aes 2019s competitive supply line of business consists of generating facilities that sell electricity directly to wholesale customers in competitive markets . additionally , as compared to the contract generation segment discussed above , these generating facilities generally sell less than 75% ( 75 % ) of their output pursuant to long-term contracts with pre-determined pricing provisions and/or sell into power pools , under shorter-term contracts or into daily spot markets . the prices paid for electricity under short-term contracts and in the spot markets are unpredictable and can be , and from time to time have been , volatile . the results of operations of aes 2019s competitive supply business are also more sensitive to the impact of market fluctuations in the price of electricity , natural gas , coal and other raw materials . in the united kingdom , txu europe entered administration in november 2002 and is no longer performing under its contracts with drax and barry . as described in the footnotes and in other sections of the discussion and analysis of financial condition and results of operations , txu europe 2019s failure to perform under its contracts has had a material adverse effect on the results of operations of these businesses . two aes competitive supply businesses , aes wolf hollow , l.p . and granite ridge have fuel supply agreements with el paso merchant energy l.p . an affiliate of el paso corp. , which has encountered financial difficulties . the company does not believe the financial difficulties of el paso corp . will have a material adverse effect on el paso merchant energy l.p . 2019s performance under the supply agreement ; however , there can be no assurance that a further deterioration in el paso corp 2019s financial condition will not have a material adverse effect on the ability of el paso merchant energy l.p . to perform its obligations . while el paso corp 2019s financial condition may not have a material adverse effect on el paso merchant energy , l.p . at this time , it could lead to a default under the aes wolf hollow , l.p . 2019s fuel supply agreement , in which case aes wolf hollow , l.p . 2019s lenders may seek to declare a default under its credit agreements . aes wolf hollow , l.p . is working in concert with its lenders to explore options to avoid such a default . the revenues from our facilities that distribute electricity to end-use customers are generally subject to regulation . these businesses are generally required to obtain third party approval or confirmation of rate increases before they can be passed on to the customers through tariffs . these businesses comprise the large utilities and growth distribution segments of the company . revenues from contract generation and competitive supply are not regulated . the distribution of revenues between the segments for the years ended december 31 , 2002 , 2001 and 2000 is as follows: .
||2002|2001|2000|
|large utilities|36% ( 36 % )|21% ( 21 % )|22% ( 22 % )|
|growth distribution|14% ( 14 % )|21% ( 21 % )|21% ( 21 % )|
|contract generation|29% ( 29 % )|32% ( 32 % )|27% ( 27 % )|
|competitive supply|21% ( 21 % )|26% ( 26 % )|30% ( 30 % )|
development costs certain subsidiaries and affiliates of the company ( domestic and non-u.s. ) are in various stages of developing and constructing greenfield power plants , some but not all of which have signed long-term contracts or made similar arrangements for the sale of electricity . successful completion depends upon overcoming substantial risks , including , but not limited to , risks relating to failures of siting , financing , construction , permitting , governmental approvals or the potential for termination of the power sales contract as a result of a failure to meet certain milestones . as of december 31 , 2002 , capitalized costs for projects under development and in early stage construction were approximately $ 15 million and capitalized costs for projects under construction were approximately $ 3.2 billion . the company believes .
Question: what was the change in the competitive supply percentage of revenues from 2001 to 2002?
Answer: | -0.05 |
FINQA4138 | Please answer the given financial question based on the context.
Context: no operating segments were aggregated to form our reportable segments . in addition to these reportable segments , we also have other non-reportable segments , representing approximately 7% ( 7 % ) of our fiscal 2017 net revenues , which primarily consist of ( i ) sales of our club monaco branded products made through our retail businesses in the u.s. , canada , and europe , ( ii ) sales of our ralph lauren branded products made through our wholesale business in latin america , and ( iii ) royalty revenues earned through our global licensing alliances . this new segment structure is consistent with how we establish our overall business strategy , allocate resources , and assess performance of our company . all prior period segment information has been recast to reflect the realignment of our segment reporting structure on a comparable basis . approximately 40% ( 40 % ) of our fiscal 2017 net revenues were earned outside of the u.s . see note 20 to the accompanying consolidated financial statements for a summary of net revenues and operating income by segment , as well as net revenues and long-lived assets by geographic location . our wholesale business our wholesale business sells our products globally to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops . we have continued to focus on elevating our brand by improving in-store product assortment and presentation , as well as full-price sell-throughs to consumers . as of the end of fiscal 2017 , our wholesale products were sold through over 13000 doors worldwide , with the majority in specialty stores . our products are also sold through the e-commerce sites of certain of our wholesale customers . the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings . our luxury brands 2014 ralph lauren collection and ralph lauren purple label 2014 are distributed worldwide through a limited number of premier fashion retailers . department stores are our major wholesale customers in north america . in latin america , our wholesale products are sold in department stores and specialty stores . in europe , our wholesale sales are comprised of a varying mix of sales to both department stores and specialty stores , depending on the country . in asia , our wholesale products are distributed primarily through shop-within-shops at department stores . we also distribute our wholesale products to certain licensed stores operated by our partners in latin america , asia , europe , and the middle east . we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores . worldwide wholesale distribution channels the following table presents the number of wholesale doors by segment as of april 1 , 2017: .
||doors|
|north america|7294|
|europe|5690|
|asia|187|
|other non-reportable segments|166|
|total|13337|
we have three key wholesale customers that generate significant sales volume . during fiscal 2017 , sales to our largest wholesale customer , macy's , inc . ( "macy's" ) , accounted for approximately 10% ( 10 % ) of our total net revenues . further , during fiscal 2017 , sales to our three largest wholesale customers , including macy's , accounted for approximately 21% ( 21 % ) of our total net revenues . substantially all sales to our three largest wholesale customers related to our north america segment . our products are sold primarily by our own sales forces . our wholesale business maintains its primary showrooms in new york city . in addition , we maintain regional showrooms in milan , paris , london , munich , madrid , stockholm , and panama. .
Question: what percentage of wholesale doors as of april 1 , 2017 where in the europe segment?
Answer: | 0.42663 |
FINQA4139 | Please answer the given financial question based on the context.
Context: the following table details the growth in global weighted average berths and the global , north american , european and asia/pacific cruise guests over the past five years ( in thousands , except berth data ) : weighted- average supply of berths marketed globally ( 1 ) caribbean cruises ltd . total berths ( 2 ) global cruise guests ( 1 ) american cruise guests ( 1 ) ( 3 ) european cruise guests ( 1 ) ( 4 ) asia/pacific cruise guests ( 1 ) ( 5 ) .
|year|weighted-averagesupply ofberthsmarketedglobally ( 1 )|royal caribbean cruises ltd . total berths ( 2 )|globalcruiseguests ( 1 )|north american cruise guests ( 1 ) ( 3 )|european cruise guests ( 1 ) ( 4 )|asia/pacific cruise guests ( 1 ) ( 5 )|
|2012|425000|98650|20813|11641|6225|1474|
|2013|432000|98750|21343|11710|6430|2045|
|2014|448000|105750|22039|12269|6387|2382|
|2015|469000|112700|23000|12004|6587|3129|
|2016|493000|123270|24000|12581|6542|3636|
_______________________________________________________________________________ ( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a combination of data that we obtain from various publicly available cruise industry trade information sources . we use data obtained from seatrade insider , cruise industry news and company press releases to estimate weighted-average supply of berths and clia and g.p . wild to estimate cruise guest information . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) total berths include our berths related to our global brands and partner brands . ( 3 ) our estimates include the united states and canada . ( 4 ) our estimates include european countries relevant to the industry ( e.g. , nordics , germany , france , italy , spain and the united kingdom ) . ( 5 ) our estimates include the southeast asia ( e.g. , singapore , thailand and the philippines ) , east asia ( e.g. , china and japan ) , south asia ( e.g. , india and pakistan ) and oceanian ( e.g. , australia and fiji islands ) regions . north america the majority of industry cruise guests are sourced from north america , which represented approximately 52% ( 52 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 2% ( 2 % ) from 2012 to 2016 . europe industry cruise guests sourced from europe represented approximately 27% ( 27 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 1% ( 1 % ) from 2012 to 2016 . asia/pacific industry cruise guests sourced from the asia/pacific region represented approximately 15% ( 15 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 25% ( 25 % ) from 2012 to 2016 . the asia/pacific region is experiencing the highest growth rate of the major regions , although it will continue to represent a relatively small sector compared to north america . competition we compete with a number of cruise lines . our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise line , costa cruises , cunard line , holland america line , p&o cruises , princess cruises and seabourn ; disney cruise line ; msc cruises ; and norwegian cruise line holdings ltd , which owns norwegian cruise line , oceania cruises and regent seven seas cruises . cruise lines compete with .
Question: what percentage of total cruise guests in 2016 were not european?
Answer: | 72.74167 |
FINQA4140 | Please answer the given financial question based on the context.
Context: state street corporation notes to consolidated financial statements ( continued ) with respect to the 5.25% ( 5.25 % ) subordinated bank notes due 2018 , state street bank is required to make semi- annual interest payments on the outstanding principal balance of the notes on april 15 and october 15 of each year , and the notes qualify for inclusion in tier 2 regulatory capital under current federal regulatory capital guidelines . with respect to the 5.30% ( 5.30 % ) subordinated notes due 2016 and the floating-rate subordinated notes due 2015 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the 5.30% ( 5.30 % ) subordinated notes on january 15 and july 15 of each year , and quarterly interest payments on the outstanding principal balance of the floating-rate notes on march 8 , june 8 , september 8 and december 8 of each year . each of the subordinated notes qualifies for inclusion in tier 2 regulatory capital under current federal regulatory capital guidelines . note 11 . commitments , guarantees and contingencies commitments : we had unfunded off-balance sheet commitments to extend credit totaling $ 21.30 billion and $ 17.86 billion as of december 31 , 2013 and 2012 , respectively . the potential losses associated with these commitments equal the gross contractual amounts , and do not consider the value of any collateral . approximately 75% ( 75 % ) of our unfunded commitments to extend credit expire within one year from the date of issue . since many of these commitments are expected to expire or renew without being drawn upon , the gross contractual amounts do not necessarily represent our future cash requirements . guarantees : off-balance sheet guarantees are composed of indemnified securities financing , stable value protection , unfunded commitments to purchase assets , and standby letters of credit . the potential losses associated with these guarantees equal the gross contractual amounts , and do not consider the value of any collateral . the following table presents the aggregate gross contractual amounts of our off-balance sheet guarantees as of december 31 , 2013 and 2012 . amounts presented do not reflect participations to independent third parties. .
|( in millions )|2013|2012|
|indemnified securities financing|$ 320078|$ 302341|
|stable value protection|24906|33512|
|asset purchase agreements|4685|5063|
|standby letters of credit|4612|4552|
indemnified securities financing on behalf of our clients , we lend their securities , as agent , to brokers and other institutions . in most circumstances , we indemnify our clients for the fair market value of those securities against a failure of the borrower to return such securities . we require the borrowers to maintain collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . securities on loan and the collateral are revalued daily to determine if additional collateral is necessary or if excess collateral is required to be returned to the borrower . collateral received in connection with our securities lending services is held by us as agent and is not recorded in our consolidated statement of condition . the cash collateral held by us as agent is invested on behalf of our clients . in certain cases , the cash collateral is invested in third-party repurchase agreements , for which we indemnify the client against loss of the principal invested . we require the counterparty to the indemnified repurchase agreement to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . in our role as agent , the indemnified repurchase agreements and the related collateral held by us are not recorded in our consolidated statement of condition. .
Question: what percent did indemnified securities financing increase from 2012 to 2013?
Answer: | 0.05867 |
FINQA4141 | Please answer the given financial question based on the context.
Context: expenditures and acquisitions of leased properties are funded by the original contributor of the assets , but no change in ownership interest may result from these contributions . an excess of ashland funded improvements over marathon funded improvements results in a net gain and an excess of marathon funded improvements over ashland funded improvements results in a net loss . cost of revenues increased by $ 8.718 billion in 2003 from 2002 and $ 367 million in 2002 from 2001 . the increases in the oerb segment were primarily a result of higher natural gas and liquid hydrocarbon costs . the increases in the rm&t segment primarily reflected higher acquisition costs for crude oil , refined products , refinery charge and blend feedstocks and increased manufacturing expenses . selling , general and administrative expenses increased by $ 107 million in 2003 from 2002 and $ 125 million in 2002 from 2001 . the increase in 2003 was primarily a result of increased employee benefits ( caused by increased pension expense resulting from changes in actuarial assumptions and a decrease in realized returns on plan assets ) and other employee related costs . also , marathon changed assumptions in the health care cost trend rate from 7.5% ( 7.5 % ) to 10% ( 10 % ) , resulting in higher retiree health care costs . additionally , during 2003 , marathon recorded a charge of $ 24 million related to organizational and business process changes . the increase in 2002 primarily reflected increased employee related costs . inventory market valuation reserve is established to reduce the cost basis of inventories to current market value . the 2002 results of operations include credits to income from operations of $ 71 million , reversing the imv reserve at december 31 , 2001 . for additional information on this adjustment , see 201cmanagement 2019s discussion and analysis of critical accounting estimates 2013 net realizable value of inventories 201d on page 31 . net interest and other financial costs decreased by $ 82 million in 2003 from 2002 , following an increase of $ 96 million in 2002 from 2001 . the decrease in 2003 is primarily due to an increase in capitalized interest related to increased long-term construction projects , the favorable effect of interest rate swaps , the favorable effect of interest on tax deficiencies and increased interest income on investments . the increase in 2002 was primarily due to higher average debt levels resulting from acquisitions and the separation . additionally , included in net interest and other financing costs are foreign currency gains of $ 13 million and $ 8 million for 2003 and 2002 and losses of $ 5 million for 2001 . loss from early extinguishment of debt in 2002 was attributable to the retirement of $ 337 million aggregate principal amount of debt , resulting in a loss of $ 53 million . as a result of the adoption of statement of financial accounting standards no . 145 201crescission of fasb statements no . 4 , 44 , and 64 , amendment of fasb statement no . 13 , and technical corrections 201d ( 201csfas no . 145 201d ) , the loss from early extinguishment of debt that was previously reported as an extraordinary item ( net of taxes of $ 20 million ) has been reclassified into income before income taxes . the adoption of sfas no . 145 had no impact on net income for 2002 . minority interest in income of map , which represents ashland 2019s 38 percent ownership interest , increased by $ 129 million in 2003 from 2002 , following a decrease of $ 531 million in 2002 from 2001 . map income was higher in 2003 compared to 2002 as discussed below in the rm&t segment . map income was significantly lower in 2002 compared to 2001 as discussed below in the rm&t segment . provision for income taxes increased by $ 215 million in 2003 from 2002 , following a decrease of $ 458 million in 2002 from 2001 , primarily due to $ 720 million increase and $ 1.356 billion decrease in income before income taxes . the effective tax rate for 2003 was 36.6% ( 36.6 % ) compared to 42.1% ( 42.1 % ) and 37.1% ( 37.1 % ) for 2002 and 2001 . the higher rate in 2002 was due to the united kingdom enactment of a supplementary 10 percent tax on profits from the north sea oil and gas production , retroactively effective to april 17 , 2002 . in 2002 , marathon recognized a one-time noncash deferred tax adjustment of $ 61 million as a result of the rate increase . the following is an analysis of the effective tax rate for the periods presented: .
||2003|2002|2001|
|statutory tax rate|35.0% ( 35.0 % )|35.0% ( 35.0 % )|35.0% ( 35.0 % )|
|effects of foreign operations ( a )|-0.4 ( 0.4 )|5.6|-0.7 ( 0.7 )|
|state and local income taxes after federal income tax effects|2.2|3.9|3.0|
|other federal tax effects|-0.2 ( 0.2 )|-2.4 ( 2.4 )|-0.2 ( 0.2 )|
|effective tax rate|36.6% ( 36.6 % )|42.1% ( 42.1 % )|37.1% ( 37.1 % )|
( a ) the deferred tax effect related to the enactment of a supplemental tax in the u.k . increased the effective tax rate 7.0 percent in 2002. .
Question: what was the change in the effective tax rate between 2003 and 2002?
Answer: | -5.5 |
FINQA4142 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2009|$ 47760|
|2010|48569|
|2011|49437|
|2012|49959|
|2013|50546|
|years thereafter|103890|
|total|350161|
|less : amount representing interest|54857|
|present value of net minimum lease payments|$ 295304|
.
Question: what percent of lease payments are due after 2013?
Answer: | 0.29669 |
FINQA4143 | Please answer the given financial question based on the context.
Context: all debt and common and preferred stock issuances by entergy texas require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indenture and other agreements . entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs . entergy texas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
|2017|2016|2015|2014|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 44903|$ 681|( $ 22068 )|$ 306|
see note 4 to the financial statements for a description of the money pool . entergy texas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 . the credit facility allows entergy texas to issue letters of credit against $ 30 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and $ 25.6 million of letters of credit outstanding under the credit facility . in addition , entergy texas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december 31 , 2017 , a $ 22.8 million letter of credit was outstanding under entergy texas 2019s letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy texas obtained authorizations from the ferc through october 2019 for short-term borrowings , not to exceed an aggregate amount of $ 200 million at any time outstanding , and long-term borrowings and security issuances . see note 4 to the financial statements for further discussion of entergy texas 2019s short-term borrowing limits . entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery the rates that entergy texas charges for its services significantly influence its financial position , results of operations , and liquidity . entergy texas is regulated and the rates charged to its customers are determined in regulatory proceedings . the puct , a governmental agency , is primarily responsible for approval of the rates charged to customers . filings with the puct 2011 rate case in november 2011 , entergy texas filed a rate case requesting a $ 112 million base rate increase reflecting a 10.6% ( 10.6 % ) return on common equity based on an adjusted june 2011 test year . a0 a0the rate case also proposed a purchased power recovery rider . a0 a0on january 12 , 2012 , the puct voted not to address the purchased power recovery rider in the rate case , but the puct voted to set a baseline in the rate case proceeding that would be applicable if a purchased power capacity rider is approved in a separate proceeding . a0 a0in april 2012 the puct staff filed direct testimony recommending a base rate increase of $ 66 million and a 9.6% ( 9.6 % ) return on common equity . a0 a0the puct staff , however , subsequently filed a statement of position in the proceeding indicating that it was still evaluating the position it would ultimately take in the case regarding entergy texas 2019s recovery of purchased power capacity costs and entergy texas 2019s proposal to defer its miso transition expenses . a0 a0in april 2012 , entergy texas filed rebuttal testimony indicating a revised request for a $ 105 million base rate increase . a0 a0a hearing was held in late-april through early-may 2012 . in september 2012 the puct issued an order approving a $ 28 million rate increase , effective july 2012 . a0 a0the order included a finding that 201ca return on common equity ( roe ) of 9.80 percent will allow [entergy texas] a reasonable opportunity to earn a reasonable return on invested capital . 201d a0 a0the order also provided for increases in depreciation rates and the annual storm reserve accrual . a0 a0the order also reduced entergy texas 2019s proposed purchased power capacity costs , stating that they are not known and measurable ; reduced entergy texas 2019s regulatory assets associated with hurricane rita ; excluded from rate recovery capitalized financially-based incentive compensation ; included $ 1.6 million of miso transition expense in base rates ; and reduced entergy 2019s texas 2019s fuel reconciliation recovery by $ 4 .
Question: as of december 31 , 2017 what was the percent of the utilization of the allowed letter of credit limit on the entergy texas
Answer: | 0.85333 |
FINQA4144 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements recognizing customer revenue , the company must assess the collectability of both the amounts billed and the portion recognized on a straight-line basis . this assessment takes customer credit risk and business and industry conditions into consideration to ultimately determine the collectability of the amounts billed . to the extent the amounts , based on management 2019s estimates , may not be collectible , recognition is deferred until such point as the uncertainty is resolved . any amounts which were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense . accounts receivable are reported net of allowances for doubtful accounts related to estimated losses resulting from a customer 2019s inability to make required payments and reserves for amounts invoiced whose collectability is not reasonably assured . these allowances are generally estimated based on payment patterns , days past due and collection history , and incorporate changes in economic conditions that may not be reflected in historical trends , such as customers in bankruptcy , liquidation or reorganization . receivables are written-off against the allowances when they are determined uncollectible . such determination includes analysis and consideration of the particular conditions of the account . changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : .
||2010|2009|2008|
|balance as of january 1,|$ 28520|$ 11482|$ 8850|
|current year increases|16219|26771|12059|
|recoveries and other|-22234 ( 22234 )|-9733 ( 9733 )|-9427 ( 9427 )|
|balance as of december 31,|$ 22505|$ 28520|$ 11482|
the company 2019s largest international customer is iusacell , which is the brand name under which a group of companies controlled by grupo iusacell , s.a . de c.v . ( 201cgrupo iusacell 201d ) operates . iusacell represented approximately 4% ( 4 % ) of the company 2019s total revenue for the year ended december 31 , 2010 . grupo iusacell has been engaged in a refinancing of a majority of its u.s . dollar denominated debt , and in connection with this process , two of the legal entities of the group , including grupo iusacell , voluntarily filed for a pre-packaged concurso mercantil ( a process substantially equivalent to chapter 11 of u.s . bankruptcy law ) with the backing of a majority of their financial creditors in december 2010 . as of december 31 , 2010 , iusacell notes receivable , net , and related assets ( which include financing lease commitments and a deferred rent asset that are primarily long-term in nature ) were $ 19.7 million and $ 51.2 million , respectively . functional currency 2014as a result of changes to the organizational structure of the company 2019s subsidiaries in latin america in 2010 , the company determined that effective january 1 , 2010 , the functional currency of its foreign subsidiary in brazil is the brazilian real . from that point forward , all assets and liabilities held by the subsidiary in brazil are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional currency from u.s . dollars to brazilian real gave rise to an increase in the net value of certain non-monetary assets and liabilities . the aggregate impact on such assets and liabilities was $ 39.8 million with an offsetting increase in accumulated other comprehensive income ( loss ) . as a result of the renegotiation of the company 2019s agreements with its largest international customer , iusacell , which included , among other changes , converting all of iusacell 2019s contractual obligations to the company from u.s . dollars to mexican pesos , the company has determined that effective april 1 , 2010 , the functional currency of certain of its foreign subsidiaries in mexico is the mexican peso . from that point forward , all assets and liabilities held by those subsidiaries in mexico are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional .
Question: in 2010 what was the ratio of the notes receivable , net , to the related assets \\n
Answer: | 0.38477 |
FINQA4145 | Please answer the given financial question based on the context.
Context: during 2010 , we granted 3.8 million rsus and 1.1 million employee sars . see footnote no . 4 , 201cshare-based compensation , 201d of the notes to our financial statements for additional information . new accounting standards see footnote no . 1 , 201csummary of significant accounting policies , 201d of the notes to our financial statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards . liquidity and capital resources cash requirements and our credit facilities our credit facility , which expires on may 14 , 2012 , and associated letters of credit , provide for $ 2.4 billion of aggregate effective borrowings . borrowings under the credit facility bear interest at the london interbank offered rate ( libor ) plus a fixed spread based on the credit ratings for our public debt . we also pay quarterly fees on the credit facility at a rate based on our public debt rating . for additional information on our credit facility , including participating financial institutions , see exhibit 10 , 201camended and restated credit agreement , 201d to our current report on form 8-k filed with the sec on may 16 , 2007 . although our credit facility does not expire until 2012 , we expect that we may extend or replace it during 2011 . the credit facility contains certain covenants , including a single financial covenant that limits our maximum leverage ( consisting of adjusted total debt to consolidated ebitda , each as defined in the credit facility ) to not more than 4 to 1 . our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios . we currently satisfy the covenants in our credit facility and public debt instruments , including the leverage covenant under the credit facility , and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future . we believe the credit facility , together with cash we expect to generate from operations and our ability to raise capital , remains adequate to meet our short-term and long-term liquidity requirements , finance our long-term growth plans , meet debt service , and fulfill other cash requirements . at year-end 2010 , our available borrowing capacity amounted to $ 2.831 billion and reflected borrowing capacity of $ 2.326 billion under our credit facility and our cash balance of $ 505 million . we calculate that borrowing capacity by taking $ 2.404 billion of effective aggregate bank commitments under our credit facility and subtracting $ 78 million of outstanding letters of credit under our credit facility . during 2010 , we repaid our outstanding credit facility borrowings and had no outstanding balance at year-end . as noted in the previous paragraphs , we anticipate that this available capacity will be adequate to fund our liquidity needs . since we continue to have ample flexibility under the credit facility 2019s covenants , we also expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations , depreciation expense , and amortization expense for the last three fiscal years are as follows : ( $ in millions ) 2010 2009 2008 .
|( $ in millions )|2010|2009|2008|
|cash from operations|$ 1151|$ 868|$ 641|
|depreciation expense|138|151|155|
|amortization expense|40|34|35|
our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital. .
Question: what was the percentage change in cash from operations between 2008 and 2009?
Answer: | 0.35413 |
FINQA4146 | Please answer the given financial question based on the context.
Context: is expected to begin by late-2018 , after the necessary information technology infrastructure is in place . entergy louisiana proposed to recover the cost of ami through the implementation of a customer charge , net of certain benefits , phased in over the period 2019 through 2022 . the parties reached an uncontested stipulation permitting implementation of entergy louisiana 2019s proposed ami system , with modifications to the proposed customer charge . in july 2017 the lpsc approved the stipulation . entergy louisiana expects to recover the undepreciated balance of its existing meters through a regulatory asset at current depreciation rates . sources of capital entergy louisiana 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt or preferred membership interest issuances ; and 2022 bank financing under new or existing facilities . entergy louisiana may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest rates are favorable . all debt and common and preferred membership interest issuances by entergy louisiana require prior regulatory approval . preferred membership interest and debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . entergy louisiana has sufficient capacity under these tests to meet its foreseeable capital needs . entergy louisiana 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
|2017|2016|2015|2014|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 11173|$ 22503|$ 6154|$ 2815|
see note 4 to the financial statements for a description of the money pool . entergy louisiana has a credit facility in the amount of $ 350 million scheduled to expire in august 2022 . the credit facility allows entergy louisiana to issue letters of credit against $ 15 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and a $ 9.1 million letter of credit outstanding under the credit facility . in addition , entergy louisiana is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . a0 as of december 31 , 2017 , a $ 29.7 million letter of credit was outstanding under entergy louisiana 2019s uncommitted letter of credit a0facility . see note 4 to the financial statements for additional discussion of the credit facilities . the entergy louisiana nuclear fuel company variable interest entities have two separate credit facilities , one in the amount of $ 105 million and one in the amount of $ 85 million , both scheduled to expire in may 2019 . as of december 31 , 2017 , $ 65.7 million of loans were outstanding under the credit facility for the entergy louisiana river bend nuclear fuel company variable interest entity . as of december 31 , 2017 , $ 43.5 million in letters of credit to support a like amount of commercial paper issued and $ 36.4 million in loans were outstanding under the entergy louisiana waterford nuclear fuel company variable interest entity credit facility . see note 4 to the financial statements for additional discussion of the nuclear fuel company variable interest entity credit facilities . entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis .
Question: what was the percent of the entergy louisiana letters of credit against authorized to be issued against the borrowing capacity of the facility
Answer: | 0.04286 |
FINQA4147 | Please answer the given financial question based on the context.
Context: million excluding a gain on a bargain purchase price adjustment on the acquisition of a majority share of our operations in turkey and restructuring costs ) compared with $ 53 million ( $ 72 million excluding restructuring costs ) in 2012 and $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our then joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 . sales volumes in 2013 were higher than in 2012 reflecting strong demand for packaging in the agricultural markets in morocco and turkey . in europe , sales volumes decreased slightly due to continuing weak demand for packaging in the industrial markets , and lower demand for packaging in the agricultural markets resulting from poor weather conditions . average sales margins were significantly lower due to input costs for containerboard rising ahead of box sales price increases . other input costs were also higher , primarily for energy . operating profits in 2013 and 2012 included net gains of $ 13 million and $ 10 million , respectively , for insurance settlements and italian government grants , partially offset by additional operating costs , related to the earthquakes in northern italy in may 2012 which affected our san felice box plant . entering the first quarter of 2014 , sales volumes are expected to increase slightly reflecting higher demand for packaging in the industrial markets . average sales margins are expected to gradually improve as a result of slight reductions in material costs and planned box price increases . other input costs should be about flat . brazilian industrial packaging includes the results of orsa international paper embalagens s.a. , a corrugated packaging producer in which international paper acquired a 75% ( 75 % ) share in january 2013 . net sales were $ 335 million in 2013 . operating profits in 2013 were a loss of $ 2 million ( a gain of $ 2 million excluding acquisition and integration costs ) . looking ahead to the first quarter of 2014 , sales volumes are expected to be seasonally lower than in the fourth quarter of 2013 . average sales margins should improve reflecting the partial implementation of an announced sales price increase and a more favorable product mix . operating costs and input costs are expected to be lower . asian industrial packaging net sales were $ 400 million in 2013 compared with $ 400 million in 2012 and $ 410 million in 2011 . operating profits for the packaging operations were a loss of $ 5 million in 2013 ( a loss of $ 1 million excluding restructuring costs ) compared with gains of $ 2 million in 2012 and $ 2 million in 2011 . operating profits were favorably impacted in 2013 by higher average sales margins and slightly higher sales volumes compared with 2012 , but these benefits were offset by higher operating costs . looking ahead to the first quarter of 2014 , sales volumes and average sales margins are expected to be seasonally soft . net sales for the distribution operations were $ 285 million in 2013 compared with $ 260 million in 2012 and $ 285 million in 2011 . operating profits were $ 3 million in 2013 , 2012 and 2011 . printing papers demand for printing papers products is closely correlated with changes in commercial printing and advertising activity , direct mail volumes and , for uncoated cut-size products , with changes in white- collar employment levels that affect the usage of copy and laser printer paper . pulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions . principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs . printing papers net sales for 2013 were about flat with both 2012 and 2011 . operating profits in 2013 were 55% ( 55 % ) lower than in 2012 and 69% ( 69 % ) lower than in 2011 . excluding facility closure costs and impairment costs , operating profits in 2013 were 15% ( 15 % ) lower than in 2012 and 40% ( 40 % ) lower than in 2011 . benefits from lower operating costs ( $ 81 million ) and lower maintenance outage costs ( $ 17 million ) were more than offset by lower average sales price realizations ( $ 38 million ) , lower sales volumes ( $ 14 million ) , higher input costs ( $ 99 million ) and higher other costs ( $ 34 million ) . in addition , operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill . during 2013 , the company accelerated depreciation for certain courtland assets , and diligently evaluated certain other assets for possible alternative uses by one of our other businesses . the net book value of these assets at december 31 , 2013 was approximately $ 470 million . during 2014 , we have continued our evaluation and expect to conclude as to any uses for these assets during the first quarter of 2014 . operating profits also included a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business . operating profits in 2011 included a $ 24 million gain related to the announced repurposing of our franklin , virginia mill to produce fluff pulp and an $ 11 million impairment charge related to our inverurie , scotland mill that was closed in 2009 . printing papers .
|in millions|2013|2012|2011|
|sales|$ 6205|$ 6230|$ 6215|
|operating profit|271|599|872|
north american printing papers net sales were $ 2.6 billion in 2013 , $ 2.7 billion in 2012 and $ 2.8 billion in 2011. .
Question: in 2012 what percentage of printing papers sales where attributable to north american printing papers net sales?
Answer: | 0.43339 |
FINQA4148 | Please answer the given financial question based on the context.
Context: 2022 triggering our obligation to make payments under any financial guarantee , letter of credit or other credit support we have provided to or on behalf of such subsidiary ; 2022 causing us to record a loss in the event the lender forecloses on the assets ; and 2022 triggering defaults in our outstanding debt at the parent company . for example , our senior secured credit facility and outstanding debt securities at the parent company include events of default for certain bankruptcy related events involving material subsidiaries . in addition , our revolving credit agreement at the parent company includes events of default related to payment defaults and accelerations of outstanding debt of material subsidiaries . some of our subsidiaries are currently in default with respect to all or a portion of their outstanding indebtedness . the total non-recourse debt classified as current in the accompanying consolidated balance sheets amounts to $ 2.2 billion . the portion of current debt related to such defaults was $ 1 billion at december 31 , 2017 , all of which was non-recourse debt related to three subsidiaries 2014 alto maipo , aes puerto rico , and aes ilumina . see note 10 2014debt in item 8 . 2014financial statements and supplementary data of this form 10-k for additional detail . none of the subsidiaries that are currently in default are subsidiaries that met the applicable definition of materiality under aes' corporate debt agreements as of december 31 , 2017 in order for such defaults to trigger an event of default or permit acceleration under aes' indebtedness . however , as a result of additional dispositions of assets , other significant reductions in asset carrying values or other matters in the future that may impact our financial position and results of operations or the financial position of the individual subsidiary , it is possible that one or more of these subsidiaries could fall within the definition of a "material subsidiary" and thereby upon an acceleration trigger an event of default and possible acceleration of the indebtedness under the parent company's outstanding debt securities . a material subsidiary is defined in the company's senior secured revolving credit facility as any business that contributed 20% ( 20 % ) or more of the parent company's total cash distributions from businesses for the four most recently completed fiscal quarters . as of december 31 , 2017 , none of the defaults listed above individually or in the aggregate results in or is at risk of triggering a cross-default under the recourse debt of the company . contractual obligations and parent company contingent contractual obligations a summary of our contractual obligations , commitments and other liabilities as of december 31 , 2017 is presented below and excludes any businesses classified as discontinued operations or held-for-sale ( in millions ) : contractual obligations total less than 1 year more than 5 years other footnote reference ( 4 ) debt obligations ( 1 ) $ 20404 $ 2250 $ 2431 $ 5003 $ 10720 $ 2014 10 interest payments on long-term debt ( 2 ) 9103 1172 2166 1719 4046 2014 n/a .
|contractual obligations|total|less than 1 year|1-3 years|3-5 years|more than 5 years|other|footnote reference ( 4 )|
|debt obligations ( 1 )|$ 20404|$ 2250|$ 2431|$ 5003|$ 10720|$ 2014|10|
|interest payments on long-term debt ( 2 )|9103|1172|2166|1719|4046|2014|n/a|
|capital lease obligations|18|2|2|2|12|2014|11|
|operating lease obligations|935|58|116|117|644|2014|11|
|electricity obligations|4501|581|948|907|2065|2014|11|
|fuel obligations|5859|1759|1642|992|1466|2014|11|
|other purchase obligations|4984|1488|1401|781|1314|2014|11|
|other long-term liabilities reflected on aes' consolidated balance sheet under gaap ( 3 )|701|2014|284|118|277|22|n/a|
|total|$ 46505|$ 7310|$ 8990|$ 9639|$ 20544|$ 22||
_____________________________ ( 1 ) includes recourse and non-recourse debt presented on the consolidated balance sheet . these amounts exclude capital lease obligations which are included in the capital lease category . ( 2 ) interest payments are estimated based on final maturity dates of debt securities outstanding at december 31 , 2017 and do not reflect anticipated future refinancing , early redemptions or new debt issuances . variable rate interest obligations are estimated based on rates as of december 31 , 2017 . ( 3 ) these amounts do not include current liabilities on the consolidated balance sheet except for the current portion of uncertain tax obligations . noncurrent uncertain tax obligations are reflected in the "other" column of the table above as the company is not able to reasonably estimate the timing of the future payments . in addition , these amounts do not include : ( 1 ) regulatory liabilities ( see note 9 2014regulatory assets and liabilities ) , ( 2 ) contingencies ( see note 12 2014contingencies ) , ( 3 ) pension and other postretirement employee benefit liabilities ( see note 13 2014benefit plans ) , ( 4 ) derivatives and incentive compensation ( see note 5 2014derivative instruments and hedging activities ) or ( 5 ) any taxes ( see note 20 2014income taxes ) except for uncertain tax obligations , as the company is not able to reasonably estimate the timing of future payments . see the indicated notes to the consolidated financial statements included in item 8 of this form 10-k for additional information on the items excluded . ( 4 ) for further information see the note referenced below in item 8 . 2014financial statements and supplementary data of this form 10-k. .
Question: what percent of debt obligations are long term?
Answer: | 0.88973 |
FINQA4149 | Please answer the given financial question based on the context.
Context: december 31 , 2015 carrying amount accumulated amortization .
|december 31 2015|gross carrying amount|accumulated amortization|
|computer software|$ 793|$ -643 ( 643 )|
|patents and licenses|110|-98 ( 98 )|
|other intangibles ( f )|961|-64 ( 64 )|
|total amortizable intangible assets|1864|-805 ( 805 )|
|indefinite-lived trade names and trademarks|45|-|
|total other intangible assets|$ 1909|$ -805 ( 805 )|
computer software consists primarily of software costs associated with an enterprise business solution ( ebs ) within arconic to drive common systems among all businesses . amortization expense related to the intangible assets in the tables above for the years ended december 31 , 2016 , 2015 , and 2014 was $ 65 , $ 67 , and $ 55 , respectively , and is expected to be in the range of approximately $ 56 to $ 64 annually from 2017 to 2021 . f . acquisitions and divestitures pro forma results of the company , assuming all acquisitions described below were made at the beginning of the earliest prior period presented , would not have been materially different from the results reported . 2016 divestitures . in april 2016 , arconic completed the sale of the remmele medical business to lisi medical for $ 102 in cash ( $ 99 net of transaction costs ) , which was included in proceeds from the sale of assets and businesses on the accompanying statement of consolidated cash flows . this business , which was part of the rti international metals inc . ( rti ) acquisition ( see below ) , manufactures precision-machined metal products for customers in the minimally invasive surgical device and implantable device markets . since this transaction occurred within a year of the completion of the rti acquisition , no gain was recorded on this transaction as the excess of the proceeds over the carrying value of the net assets of this business was reflected as a purchase price adjustment ( decrease to goodwill of $ 44 ) to the final allocation of the purchase price related to arconic 2019s acquisition of rti . while owned by arconic , the operating results and assets and liabilities of this business were included in the engineered products and solutions segment . this business generated sales of approximately $ 20 from january 1 , 2016 through the divestiture date , april 29 , 2016 , and , at the time of the divestiture , had approximately 330 employees . this transaction is no longer subject to post-closing adjustments . 2015 acquisitions . in march 2015 , arconic completed the acquisition of an aerospace structural castings company , tital , for $ 204 ( 20ac188 ) in cash ( an additional $ 1 ( 20ac1 ) was paid in september 2015 to settle working capital in accordance with the purchase agreement ) . tital , a privately held company with approximately 650 employees based in germany , produces aluminum and titanium investment casting products for the aerospace and defense markets . the purpose of this acquisition is to capture increasing demand for advanced jet engine components made of titanium , establish titanium-casting capabilities in europe , and expand existing aluminum casting capacity . the assets , including the associated goodwill , and liabilities of this business were included within arconic 2019s engineered products and solutions segment since the date of acquisition . based on the preliminary allocation of the purchase price , goodwill of $ 118 was recorded for this transaction . in the first quarter of 2016 , the allocation of the purchase price was finalized , based , in part , on the completion of a third-party valuation of certain assets acquired , resulting in a $ 1 reduction of the initial goodwill amount . none of the $ 117 in goodwill is deductible for income tax purposes and no other intangible assets were identified . this transaction is no longer subject to post-closing adjustments . in july 2015 , arconic completed the acquisition of rti , a u.s . company that was publicly traded on the new york stock exchange under the ticker symbol 201crti . 201d arconic purchased all outstanding shares of rti common stock in a stock-for-stock transaction valued at $ 870 ( based on the $ 9.96 per share july 23 , 2015 closing price of arconic 2019s .
Question: what is the original value of computer software , in dollars?
Answer: | 1436.0 |
FINQA4150 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) the estimated future benefit payments expected to be paid are presented below . domestic pension plan foreign pension plans domestic postretirement benefit plan .
|years|domesticpension plan|foreignpension plans|domestic postretirementbenefit plan|
|2019|$ 14.5|$ 21.7|$ 3.0|
|2020|8.8|18.7|2.8|
|2021|8.0|19.8|2.6|
|2022|8.3|20.9|2.4|
|2023|7.8|21.8|2.2|
|2024 - 2028|36.7|117.2|9.8|
the estimated future payments for our domestic postretirement benefit plan are net of any estimated u.s . federal subsidies expected to be received under the medicare prescription drug , improvement and modernization act of 2003 , which total no more than $ 0.3 in any individual year . 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 allow 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 2018 , 2017 and 2016 were $ 52.6 , $ 47.2 and $ 47.0 , respectively . expenses include a discretionary company contribution of $ 6.7 , $ 3.6 and $ 6.1 offset by participant forfeitures of $ 5.8 , $ 4.6 and $ 4.4 in 2018 , 2017 and 2016 , respectively . in addition , we maintain defined contribution plans in various foreign countries and contributed $ 51.3 , $ 47.4 and $ 44.5 to these plans in 2018 , 2017 and 2016 , respectively . deferred compensation and benefit arrangements we have deferred compensation and benefit 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 . these arrangements may provide participants with the amounts deferred plus interest upon attaining certain conditions , such as completing a certain number of years of service , attaining a certain age or upon retirement or termination . as of december 31 , 2018 and 2017 , the deferred compensation and deferred benefit liability balance was $ 196.2 and $ 213.2 , respectively . amounts expensed for deferred compensation and benefit arrangements in 2018 , 2017 and 2016 were $ 10.0 , $ 18.5 and $ 18.5 , 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 , 2018 and 2017 , the cash surrender value of these policies was $ 177.3 and $ 177.4 , respectively . long-term disability plan we have a long-term disability plan which provides income replacement benefits to eligible participants who are unable to perform their job duties or any job related to his or her education , training or experience . as all income replacement benefits are fully insured , no related obligation is required as of december 31 , 2018 and 2017 . in addition to income replacement benefits , plan participants may remain covered for certain health and life insurance benefits up to normal retirement age , and accordingly , we have recorded an obligation of $ 5.9 and $ 8.4 as of december 31 , 2018 and 2017 , respectively. .
Question: in 2019 what was the ratio of the foreign pension plan to the domestic pension plans
Answer: | 1.49655 |
FINQA4151 | Please answer the given financial question based on the context.
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . .
||u.s .|canada|total|
|proved undeveloped reserves as of december 31 2014|305|384|689|
|extensions and discoveries|13|11|24|
|revisions due to prices|-115 ( 115 )|80|-35 ( 35 )|
|revisions other than price|-40 ( 40 )|-80 ( 80 )|-120 ( 120 )|
|conversion to proved developed reserves|-88 ( 88 )|-94 ( 94 )|-182 ( 182 )|
|proved undeveloped reserves as of december 31 2015|75|301|376|
proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Question: what was the total number , in mmboe , of 2014 proved developed reserves?
Answer: | 700.0 |
FINQA4152 | Please answer the given financial question based on the context.
Context: part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2013 , there were 75100 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by the board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock have been paid or declared and set apart for payment . the board presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non- bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the federal reserve 2019s 2013 comprehensive capital analysis and review ( ccar ) as part of its supervisory assessment of capital adequacy described under 201csupervision and regulation 201d in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see 201csupervision and regulation 201d in item 1 of this report , 201cfunding and capital sources 201d in the consolidated balance sheet review section , 201cliquidity risk management 201d in the risk management section , and 201ctrust preferred securities 201d in the off-balance sheet arrangements and variable interest entities section of item 7 of this report , and note 14 capital securities of subsidiary trusts and perpetual trust securities and note 22 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference additional information relating to pnc common stock under the caption 201ccommon stock prices/dividends declared 201d in the statistical information ( unaudited ) section of item 8 of this report . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2012 in the table ( with introductory paragraph and notes ) that appears in item 12 of this report . our registrar , stock transfer agent , and dividend disbursing agent is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 we include here by reference the information that appears under the caption 201ccommon stock performance graph 201d at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2012 are included in the following table : in thousands , except per share data 2012 period ( a ) total shares purchased ( b ) average paid per total shares purchased as part of publicly announced programs ( c ) maximum number of shares that may yet be purchased under the programs ( c ) .
|2012 period ( a )|total sharespurchased ( b )|averagepricepaid pershare|total sharespurchased aspartofpubliclyannouncedprograms ( c )|maximumnumber ofshares thatmay yet bepurchasedundertheprograms ( c )|
|october 1 2013 31|13|$ 60.05||22552|
|november 1 2013 30|750|$ 55.08|750|21802|
|december 1 2013 31|292|$ 55.74|251|21551|
|total|1055|$ 55.32|1001||
( a ) in addition to the repurchases of pnc common stock during the fourth quarter of 2012 included in the table above , pnc redeemed all 5001 shares of its series m preferred stock on december 10 , 2012 as further described below . as part of the national city transaction , we established the pnc non-cumulative perpetual preferred stock , series m ( the 201cseries m preferred stock 201d ) , which mirrored in all material respects the former national city non-cumulative perpetual preferred stock , series e . on december 10 , 2012 , pnc issued $ 500.1 million aggregate liquidation amount ( 5001 shares ) of the series m preferred stock to the national city preferred capital trust i ( the 201ctrust 201d ) as required pursuant to the settlement of a stock purchase contract agreement between the trust and pnc dated as of january 30 , 2008 . immediately upon such issuance , pnc redeemed all 5001 shares of the series m preferred stock from the trust on december 10 , 2012 at a redemption price equal to $ 100000 per share . ( b ) includes pnc common stock purchased under the program referred to in note ( c ) to this table and pnc common stock purchased in connection with our various employee benefit plans . note 15 employee benefit plans and note 16 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit plans that use pnc common stock . ( c ) our current stock repurchase program allows us to purchase up to 25 million shares on the open market or in privately negotiated transactions . this program was authorized on october 4 , 2007 and will remain in effect until fully utilized or until modified , superseded or terminated . the extent and timing of share repurchases under this program will depend on a number of factors including , among others , market and general economic conditions , economic capital and regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the impact of the federal reserve 2019s supervisory assessment of capital adequacy program . the pnc financial services group , inc . 2013 form 10-k 27 .
Question: for the fourth quarter of 2012 what as the percent of the total shares purchased that was bought in december
Answer: | 0.27678 |
FINQA4153 | Please answer the given financial question based on the context.
Context: mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) note 17 . commitments at december 31 , 2008 , the company had the following future minimum payments due under non-cancelable agreements : capital leases operating leases sponsorship , licensing & .
||total|capital leases|operating leases|sponsorship licensing & other|
|2009|$ 372320|$ 8435|$ 40327|$ 323558|
|2010|140659|2758|18403|119498|
|2011|80823|1978|11555|67290|
|2012|50099|1819|9271|39009|
|2013|50012|36837|7062|6113|
|thereafter|21292|2014|19380|1912|
|total|$ 715205|$ 51827|$ 105998|$ 557380|
included in the table above are capital leases with imputed interest expense of $ 9483 and a net present value of minimum lease payments of $ 42343 . in addition , at december 31 , 2008 , $ 92300 of the future minimum payments in the table above for leases , sponsorship , licensing and other agreements was accrued . consolidated rental expense for the company 2019s office space , which is recognized on a straight line basis over the life of the lease , was approximately $ 42905 , $ 35614 and $ 31467 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . consolidated lease expense for automobiles , computer equipment and office equipment was $ 7694 , $ 7679 and $ 8419 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . in january 2003 , mastercard purchased a building in kansas city , missouri for approximately $ 23572 . the building is a co-processing data center which replaced a back-up data center in lake success , new york . during 2003 , mastercard entered into agreements with the city of kansas city for ( i ) the sale-leaseback of the building and related equipment which totaled $ 36382 and ( ii ) the purchase of municipal bonds for the same amount which have been classified as municipal bonds held-to-maturity . the agreements enabled mastercard to secure state and local financial benefits . no gain or loss was recorded in connection with the agreements . the leaseback has been accounted for as a capital lease as the agreement contains a bargain purchase option at the end of the ten-year lease term on april 1 , 2013 . the building and related equipment are being depreciated over their estimated economic life in accordance with the company 2019s policy . rent of $ 1819 is due annually and is equal to the interest due on the municipal bonds . the future minimum lease payments are $ 45781 and are included in the table above . a portion of the building was subleased to the original building owner for a five-year term with a renewal option . as of december 31 , 2008 , the future minimum sublease rental income is $ 4416 . note 18 . obligations under litigation settlements on october 27 , 2008 , mastercard and visa inc . ( 201cvisa 201d ) entered into a settlement agreement ( the 201cdiscover settlement 201d ) with discover financial services , inc . ( 201cdiscover 201d ) relating to the u.s . federal antitrust litigation amongst the parties . the discover settlement ended all litigation between the parties for a total of $ 2750000 . in july 2008 , mastercard and visa had entered into a judgment sharing agreement that allocated responsibility for any judgment or settlement of the discover action between the parties . accordingly , the mastercard share of the discover settlement was $ 862500 , which was paid to discover in november 2008 . in addition , in connection with the discover settlement , morgan stanley , discover 2019s former parent company , paid mastercard $ 35000 in november 2008 , pursuant to a separate agreement . the net impact of $ 827500 is included in litigation settlements for the year ended december 31 , 2008. .
Question: considering the year 2011 , what is the percentage of capital leases among the total future minimum payments?
Answer: | 0.02447 |
FINQA4154 | Please answer the given financial question based on the context.
Context: although many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 .
|( dollar amounts in millions )|12/31/2011|net new business|net acquired|market /fx app ( dep )|12/31/2012|
|asset allocation|$ 126067|$ 1575|$ 78|$ 12440|$ 140160|
|target date/risk|49063|14526|2014|6295|69884|
|fiduciary|50040|-284 ( 284 )|2014|7948|57704|
|multi-asset|$ 225170|$ 15817|$ 78|$ 26683|$ 267748|
multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .
Question: what is the percent change in asset allocation from 12/31/2011 to 12/31/2012?
Answer: | 0.11179 |
FINQA4155 | Please answer the given financial question based on the context.
Context: five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dow jones , and the s&p 500 . the graph assumes that the value of the investment in the common stock of union pacific corporation and each index was $ 100 on december 31 , 2002 , and that all dividends were reinvested . comparison of five-year cumulative return 2002 2003 2004 2005 2006 2007 upc s&p 500 peer group dj trans purchases of equity securities 2013 during 2007 , we repurchased 13266070 shares of our common stock at an average price of $ 115.66 . during the first nine months of 2007 , we repurchased 10639916 shares of our common stock at an average price per share of $ 112.68 . the following table presents common stock repurchases during each month for the fourth quarter of 2007 : period number of shares purchased average paid per total number of shares purchased as part of a publicly announced plan or program maximum number of shares that may yet be purchased under the plan or program .
|period|totalnumber ofsharespurchased[a]|averagepricepaid pershare|total number of sharespurchased as part of apublicly announcedplan orprogram|maximum number ofshares that may yetbe purchased underthe plan orprogram[b]|
|oct . 1 through oct . 31|99782|$ 128.78|-|9774279|
|nov . 1 through nov . 30|540294|124.70|528000|9246279|
|dec . 1 through dec . 31|1986078|128.53|1869800|7376479|
|total|2626154|$ 127.75|2397800|n/a|
[a] total number of shares purchased during the quarter includes 228354 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] on january 30 , 2007 , our board of directors authorized us to repurchase up to 20 million shares of our common stock through december 31 , 2009 . we may make these repurchases on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .
Question: during the fourth quarter of 2007 what was the percent of the total number of shares purchased in november
Answer: | 0.20574 |
FINQA4156 | Please answer the given financial question based on the context.
Context: issuer purchases of equity securities during the three months ended december 31 , 2010 , we repurchased 1460682 shares of our common stock for an aggregate of $ 74.6 million , including commissions and fees , pursuant to our publicly announced stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .
|period|total number of shares purchased ( 1 )|average price paid per share|total number of shares purchased as part of publicly announced plans or programs|approximate dollar value of shares that may yet be purchasedunder the plans or programs ( in millions )|
|october 2010|722890|$ 50.76|722890|$ 369.1|
|november 2010|400692|$ 51.81|400692|$ 348.3|
|december 2010|337100|$ 50.89|337100|$ 331.1|
|total fourth quarter|1460682|$ 51.08|1460682|$ 331.1|
( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in february 2008 ( the 201cbuyback 201d ) . under this program , our management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors . to facilitate repurchases , we make purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods . this program may be discontinued at any time . subsequent to december 31 , 2010 , we repurchased 1122481 shares of our common stock for an aggregate of $ 58.0 million , including commissions and fees , pursuant to the buyback . as of february 11 , 2011 , we had repurchased a total of 30.9 million shares of our common stock for an aggregate of $ 1.2 billion , including commissions and fees pursuant to the buyback . we expect to continue to manage the pacing of the remaining $ 273.1 million under the buyback in response to general market conditions and other relevant factors. .
Question: what portion of total shares repurchased in the fourth quarter of 2010 occurred during december?
Answer: | 0.23078 |
FINQA4157 | Please answer the given financial question based on the context.
Context: va health care delivery system through our network of providers . we are compensated by the va for the cost of our providers 2019 services at a specified contractual amount per service plus an additional administrative fee for each transaction . the contract , under which we began providing services on january 1 , 2008 , is comprised of one base period and four one-year option periods subject to renewals at the federal government 2019s option . we are currently in the first option period , which expires on september 30 , 2009 . for the year ended december 31 , 2008 , revenues under this va contract were approximately $ 22.7 million , or less than 1% ( 1 % ) of our total premium and aso fees . for the year ended december 31 , 2008 , military services premium revenues were approximately $ 3.2 billion , or 11.3% ( 11.3 % ) of our total premiums and aso fees , and military services aso fees totaled $ 76.8 million , or 0.3% ( 0.3 % ) of our total premiums and aso fees . international and green ribbon health operations in august 2006 , we established our subsidiary humana europe in the united kingdom to provide commissioning support to primary care trusts , or pcts , in england . under the contracts we are awarded , we work in partnership with local pcts , health care providers , and patients to strengthen health-service delivery and to implement strategies at a local level to help the national health service enhance patient experience , improve clinical outcomes , and reduce costs . for the year ended december 31 , 2008 , revenues under these contracts were approximately $ 7.7 million , or less than 1% ( 1 % ) of our total premium and aso fees . we participated in a medicare health support pilot program through green ribbon health , or grh , a joint- venture company with pfizer health solutions inc . grh was designed to support cms assigned medicare beneficiaries living with diabetes and/or congestive heart failure in central florida . grh used disease management initiatives , including evidence-based clinical guidelines , personal self-directed change strategies , and personal nurses to help participants navigate the health system . revenues under the contract with cms over the period which began november 1 , 2005 and ended august 15 , 2008 are subject to refund unless savings , satisfaction , and clinical improvement targets are met . under the terms of the contract , after a claims run-out period , cms is required to deliver a performance report during the third quarter of 2009 . to date , all revenues have been deferred until reliable estimates are determinable , and revenues are not expected to be material when recognized . our products marketed to commercial segment employers and members smart plans and other consumer products over the last several years , we have developed and offered various commercial products designed to provide options and choices to employers that are annually facing substantial premium increases driven by double-digit medical cost inflation . these smart plans , discussed more fully below , and other consumer offerings , which can be offered on either a fully-insured or aso basis , provided coverage to approximately 670000 members at december 31 , 2008 , representing approximately 18.5% ( 18.5 % ) of our total commercial medical membership as detailed below . smart plans and other consumer membership other commercial membership commercial medical membership .
||smart plans and other consumer membership|other commercial membership|commercial medical membership|
|fully-insured|392500|1586300|1978800|
|aso|277500|1364500|1642000|
|total commercial medical|670000|2950800|3620800|
these products are often offered to employer groups as 201cbundles 201d , where the subscribers are offered various hmo and ppo options , with various employer contribution strategies as determined by the employer. .
Question: at december 31 , 2008 what was the total number of commercial medical membership 3621621.62
Answer: | 3621621.62162 |
FINQA4158 | Please answer the given financial question based on the context.
Context: special asset pool special asset pool ( sap ) , which constituted approximately 22% ( 22 % ) of citi holdings by assets as of december 31 , 2010 , is a portfolio of securities , loans and other assets that citigroup intends to actively reduce over time through asset sales and portfolio run-off . at december 31 , 2010 , sap had $ 80 billion of assets . sap assets have declined by $ 248 billion , or 76% ( 76 % ) , from peak levels in 2007 reflecting cumulative write-downs , asset sales and portfolio run-off . in millions of dollars 2010 2009 2008 % ( % ) change 2010 vs . 2009 % ( % ) change 2009 vs . 2008 .
|in millions of dollars|2010|2009|2008|% ( % ) change 2010 vs . 2009|% ( % ) change 2009 vs . 2008|
|net interest revenue|$ 1219|$ 2754|$ 2676|( 56 ) % ( % )|3% ( 3 % )|
|non-interest revenue|1633|-6014 ( 6014 )|-42375 ( 42375 )|nm|86|
|revenues net of interest expense|$ 2852|$ -3260 ( 3260 )|$ -39699 ( 39699 )|nm|92% ( 92 % )|
|total operating expenses|$ 548|$ 824|$ 893|( 33 ) % ( % )|( 8 ) % ( % )|
|net credit losses|$ 2013|$ 5399|$ 906|( 63 ) % ( % )|nm|
|provision ( releases ) for unfunded lending commitments|-76 ( 76 )|111|-172 ( 172 )|nm|nm|
|credit reserve builds ( releases )|-1711 ( 1711 )|-530 ( 530 )|2677|nm|nm|
|provisions for credit losses and for benefits and claims|$ 226|$ 4980|$ 3411|( 95 ) % ( % )|46% ( 46 % )|
|income ( loss ) from continuing operations before taxes|$ 2078|$ -9064 ( 9064 )|$ -44003 ( 44003 )|nm|79% ( 79 % )|
|income taxes ( benefits )|905|-3695 ( 3695 )|-16714 ( 16714 )|nm|78|
|net income ( loss ) from continuing operations|$ 1173|$ -5369 ( 5369 )|$ -27289 ( 27289 )|nm|80% ( 80 % )|
|net income ( loss ) attributable to noncontrolling interests|188|-16 ( 16 )|-205 ( 205 )|nm|92|
|net income ( loss )|$ 985|$ -5353 ( 5353 )|$ -27084 ( 27084 )|nm|80% ( 80 % )|
|eop assets ( in billions of dollars )|$ 80|$ 136|$ 219|( 41 ) % ( % )|( 38 ) % ( % )|
nm not meaningful 2010 vs . 2009 revenues , net of interest expense increased $ 6.1 billion , primarily due to the improvement of revenue marks in 2010 . aggregate marks were negative $ 2.6 billion in 2009 as compared to positive marks of $ 3.4 billion in 2010 ( see 201citems impacting sap revenues 201d below ) . revenue in the current year included positive marks of $ 2.0 billion related to sub-prime related direct exposure , a positive $ 0.5 billion cva related to the monoline insurers , and $ 0.4 billion on private equity positions . these positive marks were partially offset by negative revenues of $ 0.5 billion on alt-a mortgages and $ 0.4 billion on commercial real estate . operating expenses decreased 33% ( 33 % ) in 2010 , mainly driven by the absence of the u.s . government loss-sharing agreement , lower compensation , and lower transaction expenses . provisions for credit losses and for benefits and claims decreased $ 4.8 billion due to a decrease in net credit losses of $ 3.4 billion and a higher release of loan loss reserves and unfunded lending commitments of $ 1.4 billion . assets declined 41% ( 41 % ) from the prior year , primarily driven by sales and amortization and prepayments . asset sales of $ 39 billion for the year of 2010 generated pretax gains of approximately $ 1.3 billion . 2009 vs . 2008 revenues , net of interest expense increased $ 36.4 billion in 2009 , primarily due to the absence of significant negative revenue marks occurring in the prior year . total negative marks were $ 2.6 billion in 2009 as compared to $ 37.4 billion in 2008 . revenue in 2009 included positive marks of $ 0.8 billion on subprime-related direct exposures . these positive revenues were partially offset by negative revenues of $ 1.5 billion on alt-a mortgages , $ 0.8 billion of write-downs on commercial real estate , and a negative $ 1.6 billion cva on the monoline insurers and fair value option liabilities . revenue was also affected by negative marks on private equity positions and write-downs on highly leveraged finance commitments . operating expenses decreased 8% ( 8 % ) in 2009 , mainly driven by lower compensation and lower volumes and transaction expenses , partially offset by costs associated with the u.s . government loss-sharing agreement exited in the fourth quarter of 2009 . provisions for credit losses and for benefits and claims increased $ 1.6 billion , primarily driven by $ 4.5 billion in increased net credit losses , partially offset by a lower provision for loan losses and unfunded lending commitments of $ 2.9 billion . assets declined 38% ( 38 % ) versus the prior year , primarily driven by amortization and prepayments , sales , marks and charge-offs. .
Question: what percentage of revenue net of interest expense is due to non-interest revenue in 2010?
Answer: | 0.57258 |
FINQA4159 | Please answer the given financial question based on the context.
Context: leases , was $ 92 million , $ 80 million , and $ 72 million in 2002 , 2001 , and 2000 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 28 , 2002 , are as follows ( in millions ) : concentrations in the available sources of supply of materials and product although certain components essential to the company's business are generally available from multiple sources , other key components ( including microprocessors and application-specific integrated circuits , or ( "asics" ) ) are currently obtained by the company from single or limited sources . some other key components , while currently available to the company from multiple sources , are at times subject to industry- wide availability and pricing pressures . in addition , the company uses some components that are not common to the rest of the personal computer industry , and new products introduced by the company often initially utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers . if the supply of a key single-sourced component to the company were to be delayed or curtailed or in the event a key manufacturing vendor delays shipments of completed products to the company , the company's ability to ship related products in desired quantities and in a timely manner could be adversely affected . the company's business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company's requirements . finally , significant portions of the company's cpus , logic boards , and assembled products are now manufactured by outsourcing partners , the majority of which occurs in various parts of asia . although the company works closely with its outsourcing partners on manufacturing schedules and levels , the company's operating results could be adversely affected if its outsourcing partners were unable to meet their production obligations . contingencies beginning on september 27 , 2001 , three shareholder class action lawsuits were filed in the united states district court for the northern district of california against the company and its chief executive officer . these lawsuits are substantially identical , and purport to bring suit on behalf of persons who purchased the company's publicly traded common stock between july 19 , 2000 , and september 28 , 2000 . the complaints allege violations of the 1934 securities exchange act and seek unspecified compensatory damages and other relief . the company believes these claims are without merit and intends to defend them vigorously . the company filed a motion to dismiss on june 4 , 2002 , which was heard by the court on september 13 , 2002 . on december 11 , 2002 , the court granted the company's motion to dismiss for failure to state a cause of action , with leave to plaintiffs to amend their complaint within thirty days . the company is subject to certain other legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated . in the opinion of management , the company does not have a potential liability related to any current legal proceedings and claims that would have a material adverse effect on its financial condition , liquidity or results of operations . however , the results of legal proceedings cannot be predicted with certainty . should the company fail to prevail in any of these legal matters or should several of these legal matters be resolved against the company in the same reporting period , the operating results of a particular reporting period could be materially adversely affected . the parliament of the european union is working on finalizing the waste electrical and electronic equipment directive ( the directive ) . the directive makes producers of electrical goods , including personal computers , financially responsible for the collection , recycling , and safe disposal of past and future products . the directive must now be approved and implemented by individual european union governments by june 2004 , while the producers' financial obligations are scheduled to start june 2005 . the company's potential liability resulting from the directive related to past sales of its products and expenses associated with future sales of its product may be substantial . however , because it is likely that specific laws , regulations , and enforcement policies will vary significantly between individual european member states , it is not currently possible to estimate the company's existing liability or future expenses resulting from the directive . as the european union and its individual member states clarify specific requirements and policies with respect to the directive , the company will continue to assess its potential financial impact . similar legislation may be enacted in other geographies , including federal and state legislation in the united states , the cumulative impact of which could be significant . fiscal years .
|2003|$ 83|
|2004|78|
|2005|66|
|2006|55|
|2007|42|
|later years|140|
|total minimum lease payments|$ 464|
.
Question: what was the increase in total minimum lease payments between 2003 and 2004 in millions?
Answer: | -5.0 |
FINQA4160 | Please answer the given financial question based on the context.
Context: 2017 form 10-k | 115 and $ 1088 million , respectively , were primarily comprised of loans to dealers , and the spc 2019s liabilities of $ 1106 million and $ 1087 million , respectively , were primarily comprised of commercial paper . the assets of the spc are not available to pay cat financial 2019s creditors . cat financial may be obligated to perform under the guarantee if the spc experiences losses . no loss has been experienced or is anticipated under this loan purchase agreement . cat financial is party to agreements in the normal course of business with selected customers and caterpillar dealers in which they commit to provide a set dollar amount of financing on a pre- approved basis . they also provide lines of credit to certain customers and caterpillar dealers , of which a portion remains unused as of the end of the period . commitments and lines of credit generally have fixed expiration dates or other termination clauses . it has been cat financial 2019s experience that not all commitments and lines of credit will be used . management applies the same credit policies when making commitments and granting lines of credit as it does for any other financing . cat financial does not require collateral for these commitments/ lines , but if credit is extended , collateral may be required upon funding . the amount of the unused commitments and lines of credit for dealers as of december 31 , 2017 and 2016 was $ 10993 million and $ 12775 million , respectively . the amount of the unused commitments and lines of credit for customers as of december 31 , 2017 and 2016 was $ 3092 million and $ 3340 million , respectively . our product warranty liability is determined by applying historical claim rate experience to the current field population and dealer inventory . generally , historical claim rates are based on actual warranty experience for each product by machine model/engine size by customer or dealer location ( inside or outside north america ) . specific rates are developed for each product shipment month and are updated monthly based on actual warranty claim experience. .
|( millions of dollars )|2017|2016|
|warranty liability january 1|$ 1258|$ 1354|
|reduction in liability ( payments )|-860 ( 860 )|-909 ( 909 )|
|increase in liability ( new warranties )|1021|813|
|warranty liability december 31|$ 1419|$ 1258|
22 . environmental and legal matters the company is regulated by federal , state and international environmental laws governing our use , transport and disposal of substances and control of emissions . in addition to governing our manufacturing and other operations , these laws often impact the development of our products , including , but not limited to , required compliance with air emissions standards applicable to internal combustion engines . we have made , and will continue to make , significant research and development and capital expenditures to comply with these emissions standards . we are engaged in remedial activities at a number of locations , often with other companies , pursuant to federal and state laws . when it is probable we will pay remedial costs at a site , and those costs can be reasonably estimated , the investigation , remediation , and operating and maintenance costs are accrued against our earnings . costs are accrued based on consideration of currently available data and information with respect to each individual site , including available technologies , current applicable laws and regulations , and prior remediation experience . where no amount within a range of estimates is more likely , we accrue the minimum . where multiple potentially responsible parties are involved , we consider our proportionate share of the probable costs . in formulating the estimate of probable costs , we do not consider amounts expected to be recovered from insurance companies or others . we reassess these accrued amounts on a quarterly basis . the amount recorded for environmental remediation is not material and is included in accrued expenses . we believe there is no more than a remote chance that a material amount for remedial activities at any individual site , or at all the sites in the aggregate , will be required . on january 7 , 2015 , the company received a grand jury subpoena from the u.s . district court for the central district of illinois . the subpoena requests documents and information from the company relating to , among other things , financial information concerning u.s . and non-u.s . caterpillar subsidiaries ( including undistributed profits of non-u.s . subsidiaries and the movement of cash among u.s . and non-u.s . subsidiaries ) . the company has received additional subpoenas relating to this investigation requesting additional documents and information relating to , among other things , the purchase and resale of replacement parts by caterpillar inc . and non-u.s . caterpillar subsidiaries , dividend distributions of certain non-u.s . caterpillar subsidiaries , and caterpillar sarl and related structures . on march 2-3 , 2017 , agents with the department of commerce , the federal deposit insurance corporation and the internal revenue service executed search and seizure warrants at three facilities of the company in the peoria , illinois area , including its former corporate headquarters . the warrants identify , and agents seized , documents and information related to , among other things , the export of products from the united states , the movement of products between the united states and switzerland , the relationship between caterpillar inc . and caterpillar sarl , and sales outside the united states . it is the company 2019s understanding that the warrants , which concern both tax and export activities , are related to the ongoing grand jury investigation . the company is continuing to cooperate with this investigation . the company is unable to predict the outcome or reasonably estimate any potential loss ; however , we currently believe that this matter will not have a material adverse effect on the company 2019s consolidated results of operations , financial position or liquidity . on march 20 , 2014 , brazil 2019s administrative council for economic defense ( cade ) published a technical opinion which named 18 companies and over 100 individuals as defendants , including two subsidiaries of caterpillar inc. , mge - equipamentos e servi e7os ferrovi e1rios ltda . ( mge ) and caterpillar brasil ltda . the publication of the technical opinion opened cade 2019s official administrative investigation into allegations that the defendants participated in anticompetitive bid activity for the construction and maintenance of metro and train networks in brazil . while companies cannot be .
Question: what is the 2017 growth rate in the amount of the unused commitments and lines of credit for dealers?
Answer: | -0.13949 |
FINQA4161 | Please answer the given financial question based on the context.
Context: entergy texas , inc . management's financial discussion and analysis dividends or other distributions on its common stock . currently , all of entergy texas' retained earnings are available for distribution . sources of capital entergy texas' sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt or preferred stock issuances ; and bank financing under new or existing facilities . entergy texas may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common and preferred stock issuances by entergy texas require prior regulatory approval . preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indentures , and other agreements . entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs . entergy gulf states , inc . filed with the ferc an application , on behalf of entergy texas , for authority to issue up to $ 200 million of short-term debt , up to $ 300 million of tax-exempt bonds , and up to $ 1.3 billion of other long- term securities , including common and preferred or preference stock and long-term debt . on november 8 , 2007 , the ferc issued orders granting the requested authority for a two-year period ending november 8 , 2009 . entergy texas' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
|2008|2007|2006|2005|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|( $ 50794 )|$ 154176|$ 97277|$ 136545|
see note 4 to the financial statements for a description of the money pool . entergy texas has a credit facility in the amount of $ 100 million scheduled to expire in august 2012 . as of december 31 , 2008 , $ 100 million was outstanding on the credit facility . in february 2009 , entergy texas repaid its credit facility with the proceeds from the bond issuance discussed below . on june 2 , 2008 and december 8 , 2008 , under the terms of the debt assumption agreement between entergy texas and entergy gulf states louisiana that is discussed in note 5 to the financial statements , entergy texas paid at maturity $ 148.8 million and $ 160.3 million , respectively , of entergy gulf states louisiana first mortgage bonds , which results in a corresponding decrease in entergy texas' debt assumption liability . in december 2008 , entergy texas borrowed $ 160 million from its parent company , entergy corporation , under a $ 300 million revolving credit facility pursuant to an inter-company credit agreement between entergy corporation and entergy texas . this borrowing would have matured on december 3 , 2013 . entergy texas used these borrowings , together with other available corporate funds , to pay at maturity the portion of the $ 350 million floating rate series of first mortgage bonds due december 2008 that had been assumed by entergy texas , and that bond series is no longer outstanding . in january 2009 , entergy texas repaid its $ 160 million note payable to entergy corporation with the proceeds from the bond issuance discussed below . in january 2009 , entergy texas issued $ 500 million of 7.125% ( 7.125 % ) series mortgage bonds due february 2019 . entergy texas used a portion of the proceeds to repay its $ 160 million note payable to entergy corporation , to repay the $ 100 million outstanding on its credit facility , and to repay short-term borrowings under the entergy system money pool . entergy texas intends to use the remaining proceeds to repay on or prior to maturity approximately $ 70 million of obligations that had been assumed by entergy texas under the debt assumption agreement with entergy gulf states louisiana and for other general corporate purposes. .
Question: what portion of the proceeds from the series mortgage bonds issued in january 2009 were used to repay the note payable to entergy corporation?
Answer: | 0.32 |
FINQA4162 | Please answer the given financial question based on the context.
Context: table of contents respect to the mainline american and the mainline us airways dispatchers , flight simulator engineers and flight crew training instructors , all of whom are now represented by the twu , a rival organization , the national association of airline professionals ( naap ) , filed single carrier applications seeking to represent those employees . the nmb will have to determine that a single transportation system exists and will certify a post-merger representative of the combined employee groups before the process for negotiating new jcbas can begin . the merger had no impact on the cbas that cover the employees of our wholly-owned subsidiary airlines which are not being merged ( envoy , piedmont and psa ) . for those employees , the rla provides that cbas do not expire , but instead become amendable as of a stated date . in 2014 , envoy pilots ratified a new 10 year collective bargaining agreement , piedmont pilots ratified a new 10 year collective bargaining agreement and piedmont flight attendants ratified a new five-year collective bargaining agreement . with the exception of the passenger service employees who are now engaged in traditional rla negotiations that are expected to result in a jcba and the us airways flight simulator engineers and flight crew training instructors , other union-represented american mainline employees are covered by agreements that are not currently amendable . until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process described above , and , in the meantime , no self-help will be permissible . the piedmont mechanics and stock clerks and the psa and piedmont dispatchers also have agreements that are now amendable and are engaged in traditional rla negotiations . none of the unions representing our employees presently may lawfully engage in concerted refusals to work , such as strikes , slow-downs , sick-outs or other similar activity , against us . nonetheless , there is a risk that disgruntled employees , either with or without union involvement , could engage in one or more concerted refusals to work that could individually or collectively harm the operation of our airline and impair our financial performance . for more discussion , see part i , item 1a . risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel . based on our 2015 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2014 , a one cent per gallon increase in aviation fuel price would increase our 2015 annual fuel expense by $ 43 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2012 through 2014 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total mainline operating expenses .
|year|gallons|average price per gallon|aircraft fuel expense|percent of total mainline operating expenses|
|2014|3644|$ 2.91|$ 10592|33.2% ( 33.2 % )|
|2013 ( a )|3608|3.08|11109|35.4|
|2012 ( a )|3512|3.19|11194|35.8|
( a ) represents 201ccombined 201d financial data , which includes the financial results of american and us airways group each on a standalone basis . total combined fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american and us airways group , each on a standalone basis , were $ 2.0 billion , $ 2.1 billion and $ 2.1 billion for the years ended december 31 , 2014 , 2013 and 2012 , respectively. .
Question: in 2015 what is the anticipated percentage increase in aircraft fuel expense from 2014
Answer: | 0.00406 |
FINQA4163 | Please answer the given financial question based on the context.
Context: taxes . if group or its bermuda subsidiaries were to become subject to u.s . income tax ; there could be a material adverse effect on the company 2019s financial condition , results of operations and cash flows . united kingdom . bermuda re 2019s uk branch conducts business in the uk and is subject to taxation in the uk . bermuda re believes that it has operated and will continue to operate its bermuda operation in a manner which will not cause them to be subject to uk taxation . if bermuda re 2019s bermuda operations were to become subject to uk income tax there could be a material adverse impact on the company 2019s financial condition , results of operations and cash flow . available information the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k , proxy state- ments and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . i t e m 1 a . r i s k f a c t o r s in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , finan- cial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . r i s k s r e l a t i n g t o o u r b u s i n e s s our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . we define a catastrophe as an event that causes a pre-tax loss on property exposures before reinsurance of at least $ 5.0 million , before corporate level rein- surance and taxes . effective for the third quarter 2005 , industrial risk losses have been excluded from catastrophe losses , with prior periods adjusted for comparison purposes . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
|calendar year|calendar year||
|2006|$ 287.9|million|
|2005|$ 1485.7|million|
|2004|$ 390.0|million|
|2003|$ 35.0|million|
|2002|$ 30.0|million|
our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic under- writing tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the purchase of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations reliant on a mix of quantitative and qualitative processes and actual losses may exceed the projections by a material amount . we focus on potential losses that can be generated by any single event as part of our evaluation and monitoring of our aggre- gate exposure to catastrophic events . accordingly , we employ various techniques to estimate the amount of loss we could sustain from any single catastrophic event in various geographical areas . these techniques range from non-modeled deterministic approaches 2014such as tracking aggregate limits exposed in catastrophe-prone zones and applying historic dam- age factors 2014to modeled approaches that scientifically measure catastrophe risks using sophisticated monte carlo simulation techniques that provide insights into the frequency and severity of expected losses on a probabilistic basis . if our loss reserves are inadequate to meet our actual losses , net income would be reduced or we could incur a loss . we are required to maintain reserves to cover our estimated ultimate liability of losses and loss adjustment expenses for both reported and unreported claims incurred . these reserves are only estimates of what we believe the settlement and adminis- tration of claims will cost based on facts and circumstances known to us . in setting reserves for our reinsurance liabilities , we rely on claim data supplied by our ceding companies and brokers and we employ actuarial and statistical projections . the information received from our ceding companies is not always timely or accurate , which can contribute to inaccuracies in our 81790fin_a 4/13/07 11:08 am page 23 http://www.everestre.com .
Question: what are the total pre-tax catastrophe losses in the last two years?
Answer: | 1773.6 |
FINQA4164 | Please answer the given financial question based on the context.
Context: for additional information on segment results see page 43 . income from equity method investments increased by $ 126 million in 2006 from 2005 and increased by $ 98 million in 2005 from 2004 . income from our lpg operations in equatorial guinea increased in both periods due to higher sales volumes as a result of the plant expansions completed in 2005 . the increase in 2005 also included higher ptc income as a result of higher distillate gross margins . cost of revenues increased $ 4.609 billion in 2006 from 2005 and $ 7.106 billion in 2005 from 2004 . in both periods the increases were primarily in the rm&t segment and resulted from increases in acquisition costs of crude oil , refinery charge and blend stocks and purchased refined products . the increase in both periods was also impacted by higher manufacturing expenses , primarily the result of higher contract services and labor costs in 2006 and higher purchased energy costs in 2005 . purchases related to matching buy/sell transactions decreased $ 6.968 billion in 2006 from 2005 and increased $ 3.314 billion in 2005 from 2004 , mostly in the rm&t segment . the decrease in 2006 was primarily related to the change in accounting for matching buy/sell transactions discussed above . the increase in 2005 was primarily due to increased crude oil prices . depreciation , depletion and amortization increased $ 215 million in 2006 from 2005 and $ 125 million in 2005 from 2004 . rm&t segment depreciation expense increased in both years as a result of the increase in asset value recorded for our acquisition of the 38 percent interest in mpc on june 30 , 2005 . in addition , the detroit refinery expansion completed in the fourth quarter of 2005 contributed to the rm&t depreciation expense increase in 2006 . e&p segment depreciation expense for 2006 included a $ 20 million impairment of capitalized costs related to the camden hills field in the gulf of mexico and the associated canyon express pipeline . natural gas production from the camden hills field ended in 2006 as a result of increased water production from the well . selling , general and administrative expenses increased $ 73 million in 2006 from 2005 and $ 134 million in 2005 from 2004 . the 2006 increase was primarily because personnel and staffing costs increased throughout the year primarily as a result of variable compensation arrangements and increased business activity . partially offsetting these increases were reductions in stock-based compensation expense . the increase in 2005 was primarily a result of increased stock-based compensation expense , due to the increase in our stock price during that year as well as an increase in equity-based awards , which was partially offset by a decrease in expense as a result of severance and pension plan curtailment charges and start-up costs related to egholdings in 2004 . exploration expenses increased $ 148 million in 2006 from 2005 and $ 59 million in 2005 from 2004 . exploration expense related to dry wells and other write-offs totaled $ 166 million , $ 111 million and $ 47 million in 2006 , 2005 and 2004 . exploration expense in 2006 also included $ 47 million for exiting the cortland and empire leases in nova scotia . net interest and other financing costs ( income ) reflected a net $ 37 million of income for 2006 , a favorable change of $ 183 million from the net $ 146 million expense in 2005 . net interest and other financing costs decreased $ 16 million in 2005 from 2004 . the favorable changes in 2006 included increased interest income due to higher interest rates and average cash balances , foreign currency exchange gains , adjustments to interest on tax issues and greater capitalized interest . the decrease in expense for 2005 was primarily a result of increased interest income on higher average cash balances and greater capitalized interest , partially offset by increased interest on potential tax deficiencies and higher foreign exchange losses . included in net interest and other financing costs ( income ) are foreign currency gains of $ 16 million , losses of $ 17 million and gains of $ 9 million for 2006 , 2005 and 2004 . minority interest in income of mpc decreased $ 148 million in 2005 from 2004 due to our acquisition of the 38 percent interest in mpc on june 30 , 2005 . provision for income taxes increased $ 2.308 billion in 2006 from 2005 and $ 979 million in 2005 from 2004 , primarily due to the $ 4.259 billion and $ 2.691 billion increases in income from continuing operations before income taxes . the increase in our effective income tax rate in 2006 was primarily a result of the income taxes related to our libyan operations , where the statutory income tax rate is in excess of 90 percent . the following is an analysis of the effective income tax rates for continuing operations for 2006 , 2005 and 2004 . see note 11 to the consolidated financial statements for further discussion. .
||2006|2005|2004|
|statutory u.s . income tax rate|35.0% ( 35.0 % )|35.0% ( 35.0 % )|35.0% ( 35.0 % )|
|effects of foreign operations including foreign tax credits|9.9|-0.8 ( 0.8 )|0.5|
|state and local income taxes net of federal income tax effects|1.9|2.5|1.6|
|other tax effects|-2.0 ( 2.0 )|-0.4 ( 0.4 )|-0.9 ( 0.9 )|
|effective income tax rate for continuing operations|44.8% ( 44.8 % )|36.3% ( 36.3 % )|36.2% ( 36.2 % )|
.
Question: included in net interest and other financing costs ( income ) , what were total foreign currency gains ( millions ) for 2006 , 2005 and 2004?
Answer: | 42.0 |
FINQA4165 | Please answer the given financial question based on the context.
Context: fortron industries llc . fortron is a leading global producer of pps , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha america inc . cellulose derivatives strategic ventures . our cellulose derivatives ventures generally fund their operations using operating cash flow and pay dividends based on each ventures' performance in the preceding year . in 2014 , 2013 and 2012 , we received cash dividends of $ 115 million , $ 92 million and $ 83 million , respectively . although our ownership interest in each of our cellulose derivatives ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states of america ( "us gaap" ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants . our ownership interest in the equity investments in infraserv affiliates are as follows : as of december 31 , 2014 ( in percentages ) .
||as of december 31 2014 ( in percentages )|
|infraserv gmbh & co . gendorf kg|39|
|infraserv gmbh & co . hoechst kg|32|
|infraserv gmbh & co . knapsack kg|27|
research and development our businesses are innovation-oriented and conduct research and development activities to develop new , and optimize existing , production technologies , as well as to develop commercially viable new products and applications . research and development expense was $ 86 million , $ 85 million and $ 104 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively . we consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives . intellectual property we attach importance to protecting our intellectual property , including safeguarding our confidential information and through our patents , trademarks and copyrights , in order to preserve our investment in research and development , manufacturing and marketing . patents may cover processes , equipment , products , intermediate products and product uses . we also seek to register trademarks as a means of protecting the brand names of our company and products . patents . in most industrial countries , patent protection exists for new substances and formulations , as well as for certain unique applications and production processes . however , we do business in regions of the world where intellectual property protection may be limited and difficult to enforce . confidential information . we maintain stringent information security policies and procedures wherever we do business . such information security policies and procedures include data encryption , controls over the disclosure and safekeeping of confidential information and trade secrets , as well as employee awareness training . trademarks . aoplus ae , aoplus ae2 , aoplus ae3 , ateva ae , avicor ae , britecoat ae , celanese ae , celanex ae , celcon ae , celfx 2122 , celstran ae , celvolit ae , clarifoil ae , duroset ae , ecovae ae , factor ae , fortron ae , gur ae , hostaform ae , impet ae , mowilith ae , nutrinova ae , qorus 2122 , riteflex ae , sunett ae , tcx 2122 , thermx ae , tufcor ae , vantage ae , vantageplus 2122 , vantage ae2 , vectra ae , vinamul ae , vitaldose ae , zenite ae and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by celanese . the foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by celanese . fortron ae is a registered trademark of fortron industries llc. .
Question: what is the growth rate in research and development expenses from 2013 to 2014?
Answer: | 0.01176 |
FINQA4166 | Please answer the given financial question based on the context.
Context: on april 3 , 2014 , consistent with our 2014 capital plan , our board of directors approved an increase to pnc 2019s quarterly common stock dividend from 44 cents per common share to 48 cents per common share beginning with the may 5 , 2014 dividend payment . in connection with the 2015 ccar , pnc submitted its 2015 capital plan , as approved by its board of directors , to the federal reserve in january 2015 . pnc expects to receive the federal reserve 2019s response ( either a non-objection or objection ) to the capital plan submitted as part of the 2015 ccar in march 2015 . see the supervision and regulation section in item 1 of this report for additional information regarding the federal reserve 2019s ccar process and the factors the federal reserve takes into consideration in evaluating capital plans , qualitative and quantitative liquidity risk management standards proposed by the u.s . banking agencies , and final rules issued by the federal reserve that make certain modifications to the federal reserve 2019s capital planning and stress testing rules . see table 42 for information on affiliate purchases of notes issued by pnc bank during 2014 . on february 6 , 2015 , pnc used $ 600 million of parent company/non-bank subsidiary cash to purchase floating rate senior notes that were issued by pnc bank to an affiliate on that same date . parent company liquidity 2013 sources the principal source of parent company liquidity is the dividends it receives from its subsidiary bank , which may be impacted by the following : 2022 bank-level capital needs , 2022 laws and regulations , 2022 corporate policies , 2022 contractual restrictions , and 2022 other factors . there are statutory and regulatory limitations on the ability of national banks to pay dividends or make other capital distributions or to extend credit to the parent company or its non-bank subsidiaries . the amount available for dividend payments by pnc bank to the parent company without prior regulatory approval was approximately $ 1.5 billion at december 31 , 2014 . see note 20 regulatory matters in the notes to consolidated financial statements in item 8 of this report for a further discussion of these limitations . we provide additional information on certain contractual restrictions in note 12 capital securities of a subsidiary trust and perpetual trust securities in the notes to consolidated financial statements in item 8 of this report . in addition to dividends from pnc bank , other sources of parent company liquidity include cash and investments , as well as dividends and loan repayments from other subsidiaries and dividends or distributions from equity investments . we can also generate liquidity for the parent company and pnc 2019s non-bank subsidiaries through the issuance of debt and equity securities , including certain capital instruments , in public or private markets and commercial paper . we have an effective shelf registration statement pursuant to which we can issue additional debt , equity and other capital instruments . during 2014 , we issued the following parent company debt under our shelf registration statement : 2022 $ 750 million of subordinated notes with a maturity date of april 29 , 2024 . interest is payable semi- annually , at a fixed rate of 3.90% ( 3.90 % ) , on april 29 and october 29 of each year , beginning on october 29 , total parent company senior and subordinated debt and hybrid capital instruments decreased to $ 10.1 billion at december 31 , 2014 from $ 10.7 billion at december 31 , 2013 due to the following activity in the period . table 45 : parent company senior and subordinated debt and hybrid capital instruments .
|in billions|2014|
|january 1|$ 10.7|
|issuances|.8|
|maturities|-1.4 ( 1.4 )|
|december 31|$ 10.1|
on october 16 , 2014 , the parent company established a $ 5.0 billion commercial paper program to provide additional liquidity . as of december 31 , 2014 , there were no issuances outstanding under this program . following the establishment of this parent company program , pnc funding corp terminated its $ 3.0 billion commercial paper program . note 17 equity in the notes to consolidated financial statements in item 8 of this report describes the 16885192 warrants outstanding , each to purchase one share of pnc common stock at an exercise price of $ 67.33 per share . these warrants were sold by the u.s . treasury in a secondary public offering in may 2010 after the u.s . treasury exchanged its tarp warrant . these warrants will expire december 31 , 2018 , and are considered in the calculation of diluted earnings per common share in note 16 earnings per share in the notes to consolidated financial statements in item 8 of this report . status of credit ratings the cost and availability of short-term and long-term funding , as well as collateral requirements for certain derivative instruments , is influenced by pnc 2019s debt ratings . in general , rating agencies base their ratings on many quantitative and qualitative factors , including capital adequacy , liquidity , asset quality , business mix , level and quality of earnings , and the current legislative and regulatory environment , including implied government support . in the pnc financial services group , inc . 2013 form 10-k 89 .
Question: by how much did total parent company senior and subordinated debt and hybrid capital instruments decreased at december 31 , 2014 from december 31 , 2013 , in billions?
Answer: | 0.6 |
FINQA4167 | Please answer the given financial question based on the context.
Context: 5 . commitments and contingencies rental expense related to office , warehouse space and real estate amounted to $ 608 , $ 324 , and $ 281 for the years ended december 25 , 2004 , december 27 , 2003 , and december 28 , 2002 , respectively . future minimum lease payments are as follows : at december 25 , 2004 , the company expects future costs of approximately $ 900 for the completion of its facility expansion in olathe , kansas . certain cash balances of gel are held as collateral by a bank securing payment of the united kingdom value-added tax requirements . these amounted to $ 1457 and $ 1602 at december 25 , 2004 and december 27 , 2003 , respectively , and are reported as restricted cash . in the normal course of business , the company and its subsidiaries are parties to various legal claims , actions , and complaints , including matters involving patent infringement and other intellectual property claims and various other risks . it is not possible to predict with certainty whether or not the company and its subsidiaries will ultimately be successful in any of these legal matters , or if not , what the impact might be . however , the company 2019s management does not expect that the results in any of these legal proceedings will have a material adverse effect on the company 2019s results of operations , financial position or cash flows . 6 . employee benefit plans gii sponsors an employee retirement plan under which its employees may contribute up to 50% ( 50 % ) of their annual compensation subject to internal revenue code maximum limitations and to which gii contributes a specified percentage of each participant 2019s annual compensation up to certain limits as defined in the plan . additionally , gel has a defined contribution plan under which its employees may contribute up to 5% ( 5 % ) of their annual compensation . both gii and gel contribute an amount determined annually at the discretion of the board of directors . during the years ended december 25 , 2004 , december 27 , 2003 , and december 28 , 2002 , expense related to these plans of $ 5183 , $ 4197 , and $ 2728 , respectively , was charged to operations . certain of the company 2019s foreign subsidiaries participate in local defined benefit pension plans . contributions are calculated by formulas that consider final pensionable salaries . neither obligations nor contributions for the years ended december 25 , 2004 , december 27 , 2003 , and december 28 , 2002 were significant. .
|year|amount|
|2005|$ 512|
|2006|493|
|2007|493|
|2008|474|
|2009|474|
|thereafter|3452|
.
Question: what is the percentual increase expense related to these plans during 2002 and 2003?
Answer: | 0.53849 |
FINQA4168 | Please answer the given financial question based on the context.
Context: 2022 timing of available information , including the performance of first lien positions , and 2022 limitations of available historical data . pnc 2019s determination of the alll for non-impaired loans is sensitive to the risk grades assigned to commercial loans and loss rates for consumer loans . there are several other qualitative and quantitative factors considered in determining the alll . this sensitivity analysis does not necessarily reflect the nature and extent of future changes in the alll . it is intended to provide insight into the impact of adverse changes to risk grades and loss rates only and does not imply any expectation of future deterioration in the risk ratings or loss rates . given the current processes used , we believe the risk grades and loss rates currently assigned are appropriate . in the hypothetical event that the aggregate weighted average commercial loan risk grades would experience a 1% ( 1 % ) deterioration , assuming all other variables remain constant , the allowance for commercial loans would increase by approximately $ 35 million as of december 31 , 2014 . in the hypothetical event that consumer loss rates would increase by 10% ( 10 % ) , assuming all other variables remain constant , the allowance for consumer loans would increase by approximately $ 37 million at december 31 , 2014 . purchased impaired loans are initially recorded at fair value and applicable accounting guidance prohibits the carry over or creation of valuation allowances at acquisition . because the initial fair values of these loans already reflect a credit component , additional reserves are established when performance is expected to be worse than our expectations as of the acquisition date . at december 31 , 2014 , we had established reserves of $ .9 billion for purchased impaired loans . in addition , loans ( purchased impaired and non- impaired ) acquired after january 1 , 2009 were recorded at fair value . no allowance for loan losses was carried over and no allowance was created at the date of acquisition . see note 4 purchased loans in the notes to consolidated financial statements in item 8 of this report for additional information . in determining the appropriateness of the alll , we make specific allocations to impaired loans and allocations to portfolios of commercial and consumer loans . we also allocate reserves to provide coverage for probable losses incurred in the portfolio at the balance sheet date based upon current market conditions , which may not be reflected in historical loss data . commercial lending is the largest category of credits and is sensitive to changes in assumptions and judgments underlying the determination of the alll . we have allocated approximately $ 1.6 billion , or 47% ( 47 % ) , of the alll at december 31 , 2014 to the commercial lending category . consumer lending allocations are made based on historical loss experience adjusted for recent activity . approximately $ 1.7 billion , or 53% ( 53 % ) , of the alll at december 31 , 2014 has been allocated to these consumer lending categories . in addition to the alll , we maintain an allowance for unfunded loan commitments and letters of credit . we report this allowance as a liability on our consolidated balance sheet . we maintain the allowance for unfunded loan commitments and letters of credit at a level we believe is appropriate to absorb estimated probable losses on these unfunded credit facilities . we determine this amount using estimates of the probability of the ultimate funding and losses related to those credit exposures . other than the estimation of the probability of funding , this methodology is very similar to the one we use for determining our alll . we refer you to note 1 accounting policies and note 3 asset quality in the notes to consolidated financial statements in item 8 of this report for further information on certain key asset quality indicators that we use to evaluate our portfolios and establish the allowances . table 41 : allowance for loan and lease losses .
|dollars in millions|2014|2013|
|january 1|$ 3609|$ 4036|
|total net charge-offs ( a )|-531 ( 531 )|-1077 ( 1077 )|
|provision for credit losses|273|643|
|net change in allowance for unfunded loan commitments and letters of credit|-17 ( 17 )|8|
|other|-3 ( 3 )|-1 ( 1 )|
|december 31|$ 3331|$ 3609|
|net charge-offs to average loans ( for the year ended ) ( a )|.27% ( .27 % )|.57% ( .57 % )|
|allowance for loan and lease losses to total loans|1.63|1.84|
|commercial lending net charge-offs|$ -55 ( 55 )|$ -249 ( 249 )|
|consumer lending net charge-offs ( a )|-476 ( 476 )|-828 ( 828 )|
|total net charge-offs|$ -531 ( 531 )|$ -1077 ( 1077 )|
|net charge-offs to average loans ( for the year ended )|||
|commercial lending|.04% ( .04 % )|.22% ( .22 % )|
|consumer lending ( a )|0.62|1.07|
( a ) includes charge-offs of $ 134 million taken pursuant to alignment with interagency guidance on practices for loans and lines of credit related to consumer lending in the first quarter of 2013 . the provision for credit losses totaled $ 273 million for 2014 compared to $ 643 million for 2013 . the primary drivers of the decrease to the provision were improved overall credit quality , including lower consumer loan delinquencies , and the increasing value of residential real estate which resulted in greater expected cash flows from our purchased impaired loans . for 2014 , the provision for commercial lending credit losses increased by $ 64 million , or 178% ( 178 % ) , from 2013 primarily due to continued growth in the commercial book , paired with slowing of the reserve releases related to credit quality improvement . the provision for consumer lending credit losses decreased $ 434 million , or 71% ( 71 % ) , from 2013 . the pnc financial services group , inc . 2013 form 10-k 81 .
Question: in 2014 what was the percent of the change associated with total net charge-offs
Answer: | 0.14713 |
FINQA4169 | Please answer the given financial question based on the context.
Context: contractual obligations significant contractual obligations as of december 30 , 2017 were as follows: .
|( in millions )|payments due by period total|payments due by period less than1 year|payments due by period 1 20133 years|payments due by period 3 20135 years|payments due by period more than5 years|
|operating lease obligations|$ 1245|$ 215|$ 348|$ 241|$ 441|
|capital purchase obligations1|12068|9689|2266|113|2014|
|other purchase obligations and commitments2|2692|1577|1040|55|20|
|tax obligations3|6120|490|979|979|3672|
|long-term debt obligations4|42278|1495|5377|8489|26917|
|other long-term liabilities5|1544|799|422|190|133|
|total6|$ 65947|$ 14265|$ 10432|$ 10067|$ 31183|
capital purchase obligations1 12068 9689 2266 113 2014 other purchase obligations and commitments2 2692 1577 1040 55 20 tax obligations3 6120 490 979 979 3672 long-term debt obligations4 42278 1495 5377 8489 26917 other long-term liabilities5 1544 799 422 190 133 total6 $ 65947 $ 14265 $ 10432 $ 10067 $ 31183 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment . they were not recorded as liabilities on our consolidated balance sheets as of december 30 , 2017 , as we had not yet received the related goods nor taken title to the property . 2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations . 3 tax obligations represent the future cash payments related to tax reform enacted in 2017 for the one-time provisional transition tax on our previously untaxed foreign earnings . for further information , see 201cnote 8 : income taxes 201d within the consolidated financial statements . 4 amounts represent principal and interest cash payments over the life of the debt obligations , including anticipated interest payments that are not recorded on our consolidated balance sheets . debt obligations are classified based on their stated maturity date , regardless of their classification on the consolidated balance sheets . any future settlement of convertible debt would impact our cash payments . 5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities . derivative instruments are excluded from the preceding table , as they do not represent the amounts that may ultimately be paid . 6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities , except for the short-term portions of long-term debt obligations and other long-term liabilities . the expected timing of payments of the obligations in the preceding table is estimated based on current information . timing of payments and actual amounts paid may be different , depending on the time of receipt of goods or services , or changes to agreed- upon amounts for some obligations . contractual obligations for purchases of goods or services included in 201cother purchase obligations and commitments 201d in the preceding table include agreements that are enforceable and legally binding on intel and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction . for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee . for the purchase of raw materials , we have entered into certain agreements that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements . due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements have been excluded from the preceding table . our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons . in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements . contractual obligations that are contingent upon the achievement of certain milestones have been excluded from the preceding table . most of our milestone-based contracts are tooling related for the purchase of capital equipment . these arrangements are not considered contractual obligations until the milestone is met by the counterparty . as of december 30 , 2017 , assuming that all future milestones are met , the additional required payments would be approximately $ 2.0 billion . for the majority of restricted stock units ( rsus ) granted , the number of shares of common stock issued on the date the rsus vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees . the obligation to pay the relevant taxing authority is excluded from the preceding table , as the amount is contingent upon continued employment . in addition , the amount of the obligation is unknown , as it is based in part on the market price of our common stock when the awards vest . md&a - results of operations consolidated results and analysis 38 .
Question: as of december 30 , 2017 what was the percent of the operating lease obligations to the total
Answer: | 0.01888 |
FINQA4170 | Please answer the given financial question based on the context.
Context: movement in exit cost liabilities the movement in exit cost liabilities for pmi was as follows : ( in millions ) .
|liability balance january 1 2014|$ 308|
|charges net|391|
|cash spent|-360 ( 360 )|
|currency/other|-69 ( 69 )|
|liability balance december 31 2014|$ 270|
|charges net|68|
|cash spent|-232 ( 232 )|
|currency/other|-52 ( 52 )|
|liability balance december 31 2015|$ 54|
cash payments related to exit costs at pmi were $ 232 million , $ 360 million and $ 21 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . future cash payments for exit costs incurred to date are expected to be approximately $ 54 million , and will be substantially paid by the end of 2017 . the pre-tax asset impairment and exit costs shown above are primarily a result of the following : the netherlands on april 4 , 2014 , pmi announced the initiation by its affiliate , philip morris holland b.v . ( 201cpmh 201d ) , of consultations with employee representatives on a proposal to discontinue cigarette production at its factory located in bergen op zoom , the netherlands . pmh reached an agreement with the trade unions and their members on a social plan and ceased cigarette production on september 1 , 2014 . during 2014 , total pre-tax asset impairment and exit costs of $ 489 million were recorded for this program in the european union segment . this amount includes employee separation costs of $ 343 million , asset impairment costs of $ 139 million and other separation costs of $ 7 million . separation program charges pmi recorded other pre-tax separation program charges of $ 68 million , $ 41 million and $ 51 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . the 2015 other pre-tax separation program charges primarily related to severance costs for the organizational restructuring in the european union segment . the 2014 other pre-tax separation program charges primarily related to severance costs for factory closures in australia and canada and the restructuring of the u.s . leaf purchasing model . the 2013 pre-tax separation program charges primarily related to the restructuring of global and regional functions based in switzerland and australia . contract termination charges during 2013 , pmi recorded exit costs of $ 258 million related to the termination of distribution agreements in eastern europe , middle east & africa ( due to a new business model in egypt ) and asia . asset impairment charges during 2014 , pmi recorded other pre-tax asset impairment charges of $ 5 million related to a factory closure in canada. .
Question: what was the difference in cash payments related to exit costs at pmi from 2013 to 2014 in millions?
Answer: | 339.0 |
FINQA4171 | Please answer the given financial question based on the context.
Context: bhge 2018 form 10-k | 85 it is expected that the amount of unrecognized tax benefits will change in the next twelve months due to expiring statutes , audit activity , tax payments , and competent authority proceedings related to transfer pricing or final decisions in matters that are the subject of litigation in various taxing jurisdictions in which we operate . at december 31 , 2018 , we had approximately $ 96 million of tax liabilities , net of $ 1 million of tax assets , related to uncertain tax positions , each of which are individually insignificant , and each of which are reasonably possible of being settled within the next twelve months . we conduct business in more than 120 countries and are subject to income taxes in most taxing jurisdictions in which we operate . all internal revenue service examinations have been completed and closed through year end 2015 for the most significant u.s . returns . we believe there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations , financial position or cash flows . we further believe that we have made adequate provision for all income tax uncertainties . note 13 . stock-based compensation in july 2017 , we adopted the bhge 2017 long-term incentive plan ( lti plan ) under which we may grant stock options and other equity-based awards to employees and non-employee directors providing services to the company and our subsidiaries . a total of up to 57.4 million shares of class a common stock are authorized for 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 46.2 million shares of class a common stock are available for issuance as of december 31 , 2018 . stock-based compensation cost was $ 121 million and $ 37 million in 2018 and 2017 , respectively . 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 . stock options we may grant stock options to our officers , directors and key employees . 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 . 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. .
||2018|2017|
|expected life ( years )|6|6|
|risk-free interest rate|2.5% ( 2.5 % )|2.1% ( 2.1 % )|
|volatility|33.7% ( 33.7 % )|36.4% ( 36.4 % )|
|dividend yield|2% ( 2 % )|1.2% ( 1.2 % )|
|weighted average fair value per share at grant date|$ 10.34|$ 12.32|
baker hughes , a ge company notes to consolidated and combined financial statements .
Question: what is the dividend yield of the stock-based compensation cost in 2018?
Answer: | 2.42 |
FINQA4172 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements restricted stock awards the following is a summary of restricted stock award activity . awards weighted-average grant date fair value .
||awards|weighted-averagegrant datefair value|
|unvested at december 31 2008|2049255|$ 47.72|
|granted|251335|24.74|
|vested|-762466 ( 762466 )|46.03|
|forfeited|-96625 ( 96625 )|43.56|
|unvested at december 31 2009|1441499|44.89|
the vesting date fair value of restricted stock awards which vested during 2009 , 2008 and 2007 was $ 24 million , $ 38 million and $ 29 million . the weighted average grant date fair value of restricted stock awards was $ 44.89 , $ 47.72 , and $ 39.87 for awards unvested at december 31 , 2009 , 2008 and 2007 . as of december 31 , 2009 , there was $ 43 million of unrecognized compensation cost related to restricted stock awards which is expected to be recognized over a weighted average period of 1.6 years . stock-based performance awards all stock-based performance awards have either vested or been forfeited . the vesting date fair value of stock- based performance awards which vested during 2007 was $ 38 . 24 . stockholders 2019 equity in each year , 2009 and 2008 , we issued 2 million in common stock upon the redemption of the exchangeable shares described below in addition to treasury shares issued for employee stock-based awards . the board of directors has authorized the repurchase of up to $ 5 billion of marathon common stock . purchases under the program may be in either open market transactions , including block purchases , or in privately negotiated transactions . we will use cash on hand , cash generated from operations , proceeds from potential asset sales or cash from available borrowings to acquire shares . this program may be changed based upon our financial condition or changes in market conditions and is subject to termination prior to completion . the repurchase program does not include specific price targets or timetables . as of december 31 , 2009 , we have acquired 66 million common shares at a cost of $ 2922 million under the program . no shares have been acquired since august 2008 . securities exchangeable into marathon common stock 2013 as discussed in note 6 , we acquired all of the outstanding shares of western on october 18 , 2007 . the western shareholders who were canadian residents received , at their election , cash , marathon common stock , securities exchangeable into marathon common stock ( the 201cexchangeable shares 201d ) or a combination thereof . the western shareholders elected to receive 5 million exchangeable shares as part of the acquisition consideration . the exchangeable shares are shares of an indirect canadian subsidiary of marathon and , at the acquisition date , were exchangeable on a one-for-one basis into marathon common stock . subsequent to the acquisition , the exchange ratio is adjusted to reflect cash dividends , if any , paid on marathon common stock and cash dividends , if any , paid on the exchangeable shares . the exchange ratio at december 31 , 2009 , was 1.06109 common shares for each exchangeable share . the exchangeable shares are exchangeable at the option of the holder at any time and are automatically redeemable on october 18 , 2011 . holders of exchangeable shares are entitled to instruct a trustee to vote ( or obtain a proxy from the trustee to vote directly ) on all matters submitted to the holders of marathon common stock . the number of votes to which each holder is entitled is equal to the whole number of shares of marathon common stock into which such holder 2019s exchangeable shares would be exchangeable based on the exchange ratio in effect on the record date for the vote . the voting right is attached to voting preferred shares of marathon that were issued to a trustee in an amount .
Question: did the vesting date fair value of restricted stock awards which vested increase between 2008 and 2009?
Answer: | no |
FINQA4173 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 1 . basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s . generally accepted accounting principles ( "u.s . gaap" ) . the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( "aon" or the "company" ) . all intercompany accounts and transactions have been eliminated . the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented . reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation . in prior periods , long-term investments were included in investments in the consolidated statement of financial position . these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements . long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 . in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position . these amounts are now separately disclosed in the consolidated statement of financial position . prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 . upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee . the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows . the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities . the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase . it also aligns the company 2019s presentation to be consistent with industry practice . amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 . these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively . changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities . the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. .
|years ended december 31,|2014|2013|
|purchases of shares from noncontrolling interests|3|-8 ( 8 )|
|dividends paid to noncontrolling interests|-24 ( 24 )|-19 ( 19 )|
|proceeds from sale-leaseback|25|2014|
use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s . gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses . these estimates and assumptions are based on management's best estimates and judgments . management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment . management believes its estimates to be reasonable given the current facts available . aon adjusts such estimates and assumptions when facts and circumstances dictate . illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions . as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates . changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. .
Question: what is the total amount reported in issuance of shares for employee benefit plans in the last three years , ( in millions ) ?
Answer: | 517.0 |
FINQA4174 | Please answer the given financial question based on the context.
Context: securities have historically returned approximately 10% ( 10 % ) annually over long periods of time , while u.s . debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 7.25% ( 7.25 % ) and 8.75% ( 8.75 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns . while annual returns can vary significantly ( actual returns for 2012 , 2011 , and 2010 were +15.29% ( +15.29 % ) , +.11% ( +.11 % ) , and +14.87% ( +14.87 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2012 was 7.75% ( 7.75 % ) , the same as it was for 2011 . after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 7.50% ( 7.50 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to increase or decrease by up to $ 8 million as the impact is amortized into results of operations . we currently estimate a pretax pension expense of $ 73 million in 2013 compared with pretax expense of $ 89 million in 2012 . this year-over-year expected decrease reflects the impact of favorable returns on plan assets experienced in 2012 as well as the effects of the lower discount rate required to be used in the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2013 estimated expense as a baseline . table 27 : pension expense - sensitivity analysis change in assumption ( a ) estimated increase to 2013 pension expense ( in millions ) .
|change in assumption ( a )|estimatedincrease to 2013pensionexpense ( in millions )|
|.5% ( .5 % ) decrease in discount rate|$ 21|
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 19|
|.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 required 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 2013 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . the pnc financial services group , inc . 2013 form 10-k 77 .
Question: by what percentage did the pension pretax expenses decrease from 2012 to 2013?
Answer: | 17.97753 |
FINQA4175 | Please answer the given financial question based on the context.
Context: united parcel service , inc . and subsidiaries notes to consolidated financial statements capital lease obligations we have certain property , plant and equipment subject to capital leases . some of the obligations associated with these capital leases have been legally defeased . the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : .
||2015|2014|
|vehicles|$ 74|$ 86|
|aircraft|2289|2289|
|buildings|207|197|
|accumulated amortization|-849 ( 849 )|-781 ( 781 )|
|property plant and equipment subject to capital leases|$ 1721|$ 1791|
these capital lease obligations have principal payments due at various dates from 2016 through 3005 . facility notes and bonds we have entered into agreements with certain municipalities to finance the construction of , or improvements to , facilities that support our u.s . domestic package and supply chain & freight operations in the united states . these facilities are located around airport properties in louisville , kentucky ; dallas , texas ; and philadelphia , pennsylvania . under these arrangements , we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities , as follows : 2022 bonds with a principal balance of $ 149 million issued by the louisville regional airport authority associated with our worldport facility in louisville , kentucky . the bonds , which are due in january 2029 , bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.03% ( 0.03 % ) and 0.05% ( 0.05 % ) , respectively . 2022 bonds with a principal balance of $ 42 million and due in november 2036 issued by the louisville regional airport authority associated with our air freight facility in louisville , kentucky . the bonds bear interest at a variable rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.05% ( 0.05 % ) , respectively . 2022 bonds with a principal balance of $ 29 million issued by the dallas / fort worth international airport facility improvement corporation associated with our dallas , texas airport facilities . the bonds are due in may 2032 and bear interest at a variable rate , however the variable cash flows on the obligation have been swapped to a fixed 5.11% ( 5.11 % ) . 2022 bonds with a principal balance of $ 100 million issued by the delaware county , pennsylvania industrial development authority associated with our philadelphia , pennsylvania airport facilities . the bonds , which were due in december 2015 , had a variable interest rate , and the average interest rates for 2015 and 2014 were 0.02% ( 0.02 % ) and 0.04% ( 0.04 % ) , respectively . as of december 2015 , these $ 100 million bonds were repaid in full . 2022 in september 2015 , we entered into an agreement with the delaware county , pennsylvania industrial development authority , associated with our philadelphia , pennsylvania airport facilities , for bonds issued with a principal balance of $ 100 million . these bonds , which are due september 2045 , bear interest at a variable rate . the average interest rate for 2015 was 0.00% ( 0.00 % ) . pound sterling notes the pound sterling notes consist of two separate tranches , as follows : 2022 notes with a principal amount of a366 million accrue interest at a 5.50% ( 5.50 % ) fixed rate , and are due in february 2031 . these notes are not callable . 2022 notes with a principal amount of a3455 million accrue interest at a 5.125% ( 5.125 % ) fixed rate , and are due in february 2050 . these notes are callable at our option at a redemption price equal to the greater of 100% ( 100 % ) of the principal amount and accrued interest , or the sum of the present values of the remaining scheduled payout of principal and interest thereon discounted to the date of redemption at a benchmark u.k . government bond yield plus 15 basis points and accrued interest. .
Question: what was the change in millions of aircraft from 2014 to 2015?
Answer: | 0.0 |
FINQA4176 | Please answer the given financial question based on the context.
Context: during the 2015 annual review of goodwill , management proceeded directly to the two-step quantitative impairment test for two reporting units as follows : global rolled products segment and the soft alloys extrusion business in brazil ( hereafter 201csae 201d ) , which is included in the transportation and construction solutions segment . the estimated fair value of the global rolled products segment was substantially in excess of its respective carrying value , resulting in no impairment . for sae , the estimated fair value as determined by the dcf model was lower than the associated carrying value . as a result , management performed the second step of the impairment analysis in order to determine the implied fair value of the sae reporting unit 2019s goodwill . the results of the second-step analysis showed that the implied fair value of the goodwill was zero . therefore , in the fourth quarter of 2015 , alcoa recorded a goodwill impairment of $ 25 . the impairment of the sae goodwill resulted from headwinds from the recent downturn in the brazilian economy and the continued erosion of gross margin despite the execution of cost reduction strategies . as a result of the goodwill impairment , there is no goodwill remaining for the sae reporting unit . goodwill impairment tests in prior years indicated that goodwill was not impaired for any of the company 2019s reporting units , except for the primary metals segment in 2013 ( see below ) , and there were no triggering events since that time that necessitated an impairment test . in 2013 , for primary metals , the estimated fair value as determined by the dcf model was lower than the associated carrying value . as a result , management performed the second step of the impairment analysis in order to determine the implied fair value of primary metals 2019 goodwill . the results of the second-step analysis showed that the implied fair value of goodwill was zero . therefore , in the fourth quarter of 2013 , alcoa recorded a goodwill impairment of $ 1731 ( $ 1719 after noncontrolling interest ) . as a result of the goodwill impairment , there is no goodwill remaining for the primary metals reporting unit . the impairment of primary metals 2019 goodwill resulted from several causes : the prolonged economic downturn ; a disconnect between industry fundamentals and pricing that has resulted in lower metal prices ; and the increased cost of alumina , a key raw material , resulting from expansion of the alumina price index throughout the industry . all of these factors , exacerbated by increases in discount rates , continue to place significant downward pressure on metal prices and operating margins , and the resulting estimated fair value , of the primary metals business . as a result , management decreased the near-term and long-term estimates of the operating results and cash flows utilized in assessing primary metals 2019 goodwill for impairment . the valuation of goodwill for the second step of the goodwill impairment analysis is considered a level 3 fair value measurement , which means that the valuation of the assets and liabilities reflect management 2019s own judgments regarding the assumptions market participants would use in determining the fair value of the assets and liabilities . intangible assets with indefinite useful lives are not amortized while intangible assets with finite useful lives are amortized generally on a straight-line basis over the periods benefited . the following table details the weighted- average useful lives of software and other intangible assets by reporting segment ( numbers in years ) : .
|segment|software|other intangible assets|
|alumina|7|15|
|primary metals|6|37|
|global rolled products|9|14|
|engineered products and solutions|7|32|
|transportation and construction solutions|8|23|
equity investments . alcoa invests in a number of privately-held companies , primarily through joint ventures and consortia , which are accounted for using the equity method . the equity method is applied in situations where alcoa has the ability to exercise significant influence , but not control , over the investee . management reviews equity investments for impairment whenever certain indicators are present suggesting that the carrying value of an investment is not recoverable . this analysis requires a significant amount of judgment from management to identify events or circumstances indicating that an equity investment is impaired . the following items are examples of impairment indicators : significant , sustained declines in an investee 2019s revenue , earnings , and cash .
Question: what is the decrease between the goodwill impairment recorded by alcoa during the fourth quarter of 2013 and 2015?
Answer: | 1706.0 |
FINQA4177 | Please answer the given financial question based on the context.
Context: abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 15 . commitments and contingencies ( continued ) 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 . in addition to product warranties , the following is a description of arrangements in which the company is a guarantor . indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . the company enters 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 the company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of its activities . these indemnification provisions generally survive termination of the underlying agreement . the maximum potential amount of future payments the company could be required to make under these indemnification provisions is unlimited . abiomed has 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 , the company has no liabilities recorded for these agreements as of march 31 , 2008 . clinical study agreements 2014in the company 2019s clinical study agreements , abiomed has 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 uses of the company 2019s devices in accordance with the clinical study agreement , the protocol for the device and abiomed 2019s instructions . the indemnification provisions contained within the company 2019s clinical study agreements do not generally include limits on the claims . the company has never incurred any material costs related to the indemnification provisions contained in its clinical study agreements . facilities leases 2014as of march 31 , 2008 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in december 2012 . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 2.2 million , $ 1.6 million , and $ 1.3 million for the fiscal years ended march 31 , 2008 , 2007 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2008 are approximately as follows : fiscal year ending march 31 , operating leases ( in $ 000 2019s ) .
|fiscal year ending march 31,|operating leases ( in $ 000 2019s )|
|2009|2544|
|2010|2220|
|2011|1287|
|2012|973|
|2013|730|
|thereafter|2014|
|total future minimum lease payments|$ 7754|
litigation 2014from 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 presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results. .
Question: what percent of future minimum lease payments are due currently?
Answer: | 0.32809 |
FINQA4178 | Please answer the given financial question based on the context.
Context: will no longer be significant contributors to business operating results , while expenses should also decline significantly reflecting the reduced level of operations . operating earnings will primarily consist of retail forestland and real estate sales of remaining acreage . specialty businesses and other the specialty businesses and other segment includes the results of the arizona chemical business and certain divested businesses whose results are included in this segment for periods prior to their sale or closure . this segment 2019s 2006 net sales increased 2% ( 2 % ) from 2005 , but declined 17% ( 17 % ) from 2004 . operating profits in 2006 were up substantially from both 2005 and 2004 . the decline in sales compared with 2004 principally reflects declining contributions from businesses sold or closed . specialty businesses and other in millions 2006 2005 2004 .
|in millions|2006|2005|2004|
|sales|$ 935|$ 915|$ 1120|
|operating profit|$ 61|$ 4|$ 38|
arizona chemical sales were $ 769 million in 2006 , compared with $ 692 million in 2005 and $ 672 million in 2004 . sales volumes declined in 2006 compared with 2005 , but average sales price realiza- tions in 2006 were higher in both the united states and europe . operating earnings in 2006 were sig- nificantly higher than in 2005 and more than 49% ( 49 % ) higher than in 2004 . the increase over 2005 reflects the impact of the higher average sales price realiza- tions and lower manufacturing costs , partially offset by higher prices for crude tall oil ( cto ) . earnings for 2005 also included a $ 13 million charge related to a plant shutdown in norway . other businesses in this operating segment include operations that have been sold , closed or held for sale , primarily the polyrey business in france and , in prior years , the european distribution business . sales for these businesses were approximately $ 166 million in 2006 , compared with $ 223 million in 2005 and $ 448 million in 2004 . in december 2006 , the company entered into a definitive agreement to sell the arizona chemical business , expected to close in the first quarter of liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products . while changes in key cash operating costs , such as energy and raw material costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operating cycle . as part of the continuing focus on improving our return on investment , we have focused our capital spending on improving our key paper and packaging businesses both globally and in north america . spending levels have been kept below the level of depreciation and amortization charges for each of the last three years , and we anticipate spending will again be slightly below depreciation and amor- tization in 2007 . financing activities in 2006 have been focused on the transformation plan objective of strengthening the balance sheet through repayment of debt , resulting in a net reduction in 2006 of $ 5.2 billion following a $ 1.7 billion net reduction in 2005 . additionally , we made a $ 1.0 billion voluntary cash contribution to our u.s . qualified pension plan in december 2006 to begin satisfying projected long-term funding requirements and to lower future pension expense . our liquidity position continues to be strong , with approximately $ 3.0 billion of committed liquidity to cover future short-term cash flow requirements not met by operating cash flows . management believes it is important for interna- tional paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms . at december 31 , 2006 , the com- pany held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) from standard & poor 2019s and moody 2019s investor services , respectively . cash provided by operations cash provided by continuing operations totaled $ 1.0 billion for 2006 , compared with $ 1.2 billion for 2005 and $ 1.7 billion in 2004 . the 2006 amount is net of a $ 1.0 billion voluntary cash pension plan contribution made in the fourth quarter of 2006 . the major components of cash provided by continuing oper- ations are earnings from continuing operations .
Question: in 2005 what percentage of specialty businesses sales are from arizona chemical sales?
Answer: | 0.75628 |
FINQA4179 | Please answer the given financial question based on the context.
Context: in connection with our assessment of impairment we recorded gross other-than-temporary impairment of $ 1.15 billion for 2009 , compared to $ 122 million for 2008 . of the total recorded , $ 227 million related to credit and was recognized in our consolidated statement of income . the remaining $ 928 million related to factors other than credit , more fully discussed below , and was recognized , net of related taxes , in oci in our consolidated statement of condition . the $ 227 million was composed of $ 151 million associated with expected credit losses , $ 54 million related to management 2019s decision to sell the impaired securities prior to their recovery in value , and $ 22 million related to adverse changes in the timing of expected future cash flows from the securities . the majority of the impairment losses related to non-agency securities collateralized by mortgages , for which management concluded had experienced credit losses based on the present value of the securities 2019 expected future cash flows . these securities are classified as asset-backed securities in the foregoing investment securities tables . as described in note 1 , management periodically reviews the fair values of investment securities to determine if other-than-temporary impairment has occurred . this review encompasses all investment securities and includes such quantitative factors as current and expected future interest rates and the length of time that a security 2019s cost basis has exceeded its fair value , and includes investment securities for which we have issuer- specific concerns regardless of quantitative factors . gains and losses related to investment securities were as follows for the years ended december 31: .
|( in millions )|2009|2008|2007|
|gross gains from sales of available-for-sale securities|$ 418|$ 100|$ 24|
|gross losses from sales of available-for-sale securities|-50 ( 50 )|-32 ( 32 )|-17 ( 17 )|
|gross losses from other-than-temporary impairment|-1155 ( 1155 )|-122 ( 122 )|-34 ( 34 )|
|losses not related to credit ( 1 )|928|2014|2014|
|net impairment losses|-227 ( 227 )|-122 ( 122 )|-34 ( 34 )|
|gains ( losses ) related to investment securities net|$ 141|$ -54 ( 54 )|$ -27 ( 27 )|
( 1 ) these losses were recognized as a component of oci ; see note 12 . we conduct periodic reviews to evaluate each security that is impaired . impairment exists when the current fair value of an individual security is below its amortized cost basis . for debt securities available for sale and held to maturity , other-than-temporary impairment is recorded in our consolidated statement of income when management intends to sell ( or may be required to sell ) securities before they recover in value , or when management expects the present value of cash flows expected to be collected to be less than the amortized cost of the impaired security ( a credit loss ) . our review of impaired securities generally includes : 2022 the identification and evaluation of securities that have indications of possible other-than-temporary impairment , such as issuer-specific concerns including deteriorating financial condition or bankruptcy ; 2022 the analysis of expected future cash flows of securities , based on quantitative and qualitative factors ; 2022 the analysis of the collectability of those future cash flows , including information about past events , current conditions and reasonable and supportable forecasts ; 2022 the analysis of individual impaired securities , including consideration of the length of time the security has been in an unrealized loss position and the anticipated recovery period ; 2022 the discussion of evidential matter , including an evaluation of factors or triggers that could cause individual securities to be deemed other-than-temporarily impaired and those that would not support other-than-temporary impairment ; and 2022 documentation of the results of these analyses . factors considered in determining whether impairment is other than temporary include : 2022 the length of time the security has been impaired; .
Question: what percent of the $ 227 million was associated with expected credit losses?
Answer: | 0.6652 |
FINQA4180 | Please answer the given financial question based on the context.
Context: table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 26 , 2015 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 24 , 2010 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes . copyright a9 2015 s&p , a division of mcgraw hill financial . all rights reserved . copyright a9 2015 dow jones & co . all rights reserved . september september september september september september .
||september 2010|september 2011|september 2012|september 2013|september 2014|september 2015|
|apple inc .|$ 100|$ 138|$ 229|$ 170|$ 254|$ 294|
|s&p 500 index|$ 100|$ 101|$ 132|$ 157|$ 188|$ 187|
|s&p information technology index|$ 100|$ 104|$ 137|$ 147|$ 190|$ 194|
|dow jones u.s . technology supersector index|$ 100|$ 103|$ 134|$ 141|$ 183|$ 183|
apple inc . | 2015 form 10-k | 21 .
Question: what was the change in the s&p 500 index between 2010 and 2015?
Answer: | 87.0 |
FINQA4181 | Please answer the given financial question based on the context.
Context: depreciation and amortization included in operating segment profit for the years ended december 31 , 2008 , 2007 and 2006 was as follows ( in millions ) : .
||2008|2007|2006|
|americas|$ 78.5|$ 66.9|$ 56.7|
|europe|57.0|60.7|46.5|
|asia pacific|25.6|22.7|18.7|
|global operations and corporate functions|114.0|79.7|75.5|
|total|$ 275.1|$ 230.0|$ 197.4|
15 . leases future minimum rental commitments under non- cancelable operating leases in effect as of december 31 , 2008 were $ 38.2 million for 2009 , $ 30.1 million for 2010 , $ 20.9 million for 2011 , $ 15.9 million for 2012 , $ 14.3 million for 2013 and $ 29.9 million thereafter . total rent expense for the years ended december 31 , 2008 , 2007 and 2006 aggregated $ 41.4 million , $ 37.1 million and $ 31.1 million , respectively . 16 . commitments and contingencies intellectual property and product liability-related litigation in july 2008 , we temporarily suspended marketing and distribution of the durom bb acetabular component ( durom cup ) in the u.s . to allow us to update product labeling to provide more detailed surgical technique instructions to surgeons and implement a surgical training program in the u.s . following our announcement , product liability lawsuits and other claims have been asserted against us , some of which we have settled . there are a number of claims still pending and we expect additional claims will be submitted . we recorded a provision of $ 47.5 million in the third quarter of 2008 , representing management 2019s estimate of these durom cup-related claims . we increased that provision by $ 21.5 million in the fourth quarter of 2008 . the provision is limited to revisions within two years of an original surgery that occurred prior to july 2008 . these parameters are consistent with our data which indicates that cup loosenings associated with surgical technique are most likely to occur within that time period . any claims received outside of these defined parameters will be managed in the normal course and reflected in our standard product liability accruals . on february 15 , 2005 , howmedica osteonics corp . filed an action against us and an unrelated party in the united states district court for the district of new jersey alleging infringement of u.s . patent nos . 6174934 ; 6372814 ; 6664308 ; and 6818020 . on june 13 , 2007 , the court granted our motion for summary judgment on the invalidity of the asserted claims of u.s . patent nos . 6174934 ; 6372814 ; and 6664308 by ruling that all of the asserted claims are invalid for indefiniteness . on august 19 , 2008 , the court granted our motion for summary judgment of non- infringement of certain claims of u.s . patent no . 6818020 , reducing the number of claims at issue in the suit to five . we continue to believe that our defenses against infringement of the remaining claims are valid and meritorious , and we intend to defend this lawsuit vigorously . in addition to certain claims related to the durom cup discussed above , we are also subject to product liability and other claims and lawsuits arising in the ordinary course of business , for which we maintain insurance , subject to self- insured retention limits . we establish accruals for product liability and other claims in conjunction with outside counsel based on current information and historical settlement information for open claims , related fees and claims incurred but not reported . while it is not possible to predict with certainty the outcome of these cases , it is the opinion of management that , upon ultimate resolution , liabilities from these cases in excess of those recorded , if any , will not have a material adverse effect on our consolidated financial position , results of operations or cash flows . government investigations in march 2005 , the u.s . department of justice through the u.s . attorney 2019s office in newark , new jersey commenced an investigation of us and four other orthopaedic companies pertaining to consulting contracts , professional service agreements and other agreements by which remuneration is provided to orthopaedic surgeons . on september 27 , 2007 , we reached a settlement with the government to resolve all claims related to this investigation . as part of the settlement , we entered into a settlement agreement with the u.s . through the u.s . department of justice and the office of inspector general of the department of health and human services ( the 201coig-hhs 201d ) . in addition , we entered into a deferred prosecution agreement ( the 201cdpa 201d ) with the u.s . attorney 2019s office for the district of new jersey ( the 201cu.s . attorney 201d ) and a corporate integrity agreement ( the 201ccia 201d ) with the oig- hhs . we did not admit any wrongdoing , plead guilty to any criminal charges or pay any criminal fines as part of the settlement . we settled all civil and administrative claims related to the federal investigation by making a settlement payment to the u.s . government of $ 169.5 million . under the terms of the dpa , the u.s . attorney filed a criminal complaint in the u.s . district court for the district of new jersey charging us with conspiracy to commit violations of the anti-kickback statute ( 42 u.s.c . a7 1320a-7b ) during the years 2002 through 2006 . the court deferred prosecution of the criminal complaint during the 18-month term of the dpa . the u.s . attorney will seek dismissal of the criminal complaint after the 18-month period if we comply with the provisions of the dpa . the dpa provides for oversight by a federally-appointed monitor . under the cia , which has a term of five years , we agreed , among other provisions , to continue the operation of our enhanced corporate compliance program , designed to promote compliance with federal healthcare program z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 060000000 ***%%pcmsg|60 |00012|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .
Question: what was the percentage change in total rent expense from 2006 to 2007?
Answer: | 0.19293 |
FINQA4182 | Please answer the given financial question based on the context.
Context: we prepare estimates of research and development costs for projects in clinical development , which include direct costs and allocations of certain costs such as indirect labor , non-cash compensation expense , and manufacturing and other costs related to activities that benefit multiple projects , and , under our collaboration with bayer healthcare , the portion of bayer healthcare 2019s vegf trap-eye development expenses that we are obligated to reimburse . our estimates of research and development costs for clinical development programs are shown below : project costs year ended december 31 , increase ( decrease ) ( in millions ) 2009 2008 .
|project costs ( in millions )|project costs 2009|2008|( decrease )|
|arcalyst ae|$ 67.7|$ 39.2|$ 28.5|
|vegf trap-eye|109.8|82.7|27.1|
|aflibercept|23.3|32.1|-8.8 ( 8.8 )|
|regn88|36.9|21.4|15.5|
|other antibody candidates in clinical development|74.4|27.4|47.0|
|other research programs & unallocated costs|86.7|72.1|14.6|
|total research and development expenses|$ 398.8|$ 274.9|$ 123.9|
for the reasons described above in results of operations for the years ended december 31 , 2010 and 2009 , under the caption 201cresearch and development expenses 201d , and due to the variability in the costs necessary to develop a pharmaceutical product and the uncertainties related to future indications to be studied , the estimated cost and scope of the projects , and our ultimate ability to obtain governmental approval for commercialization , accurate and meaningful estimates of the total cost to bring our product candidates to market are not available . similarly , we are currently unable to reasonably estimate if our product candidates will generate material product revenues and net cash inflows . in 2008 , we received fda approval for arcalyst ae for the treatment of caps , a group of rare , inherited auto-inflammatory diseases that affect a very small group of people . we currently do not expect to generate material product revenues and net cash inflows from the sale of arcalyst ae for the treatment of caps . selling , general , and administrative expenses selling , general , and administrative expenses increased to $ 52.9 million in 2009 from $ 48.9 million in 2008 . in 2009 , we incurred ( i ) higher compensation expense , ( ii ) higher patent-related costs , ( iii ) higher facility-related costs due primarily to increases in administrative headcount , and ( iv ) higher patient assistance costs related to arcalyst ae . these increases were partly offset by ( i ) lower marketing costs related to arcalyst ae , ( ii ) a decrease in administrative recruitment costs , and ( iii ) lower professional fees related to various corporate matters . cost of goods sold during 2008 , we began recognizing revenue and cost of goods sold from net product sales of arcalyst ae . cost of goods sold in 2009 and 2008 was $ 1.7 million and $ 0.9 million , respectively , and consisted primarily of royalties and other period costs related to arcalyst ae commercial supplies . in 2009 and 2008 , arcalyst ae shipments to our customers consisted of supplies of inventory manufactured and expensed as research and development costs prior to fda approval in 2008 ; therefore , the costs of these supplies were not included in costs of goods sold . other income and expense investment income decreased to $ 4.5 million in 2009 from $ 18.2 million in 2008 , due primarily to lower yields on , and lower balances of , cash and marketable securities . in addition , in 2009 and 2008 , deterioration in the credit quality of specific marketable securities in our investment portfolio subjected us to the risk of not being able to recover these securities 2019 carrying values . as a result , in 2009 and 2008 , we recognized charges of $ 0.1 million and $ 2.5 million , respectively , related to these securities , which we considered to be other than temporarily impaired . in 2009 and 2008 , these charges were either wholly or partly offset by realized gains of $ 0.2 million and $ 1.2 million , respectively , on sales of marketable securities during the year. .
Question: what was the percentage change in research and development costs related to vegf trap-eye from 2008 to 2009?
Answer: | 0.32769 |
FINQA4183 | Please answer the given financial question based on the context.
Context: as of december a031 , 2017 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2018|$ 17188|
|2019|17188|
|2020|17188|
|2021|17188|
|2022|17188|
|years thereafter|240625|
|total|326565|
|less : amount representing interest|292209|
|present value of net minimum lease payments|$ 34356|
entergy corporation and subsidiaries notes to financial statements note 11 . a0 retirement , other postretirement benefits , and defined contribution plans a0 a0 ( entergy corporation , entergy arkansas , entergy louisiana , entergy mississippi , entergy new orleans , entergy texas , and system energy ) qualified pension plans entergy has eight qualified pension plans covering substantially all employees . the entergy corporation retirement plan for non-bargaining employees ( non-bargaining plan i ) , the entergy corporation retirement plan for bargaining employees ( bargaining plan i ) , the entergy corporation retirement plan ii for non-bargaining employees ( non-bargaining plan ii ) , the entergy corporation retirement plan ii for bargaining employees , the entergy corporation retirement plan iii , and the entergy corporation retirement plan iv for bargaining employees a0are non-contributory final average pay plans and provide pension benefits that are based on employees 2019 credited service and compensation during employment . effective as of the close of business on december 31 , 2016 , the entergy corporation retirement plan iv for non-bargaining employees ( non-bargaining plan iv ) was merged with and into non-bargaining plan ii . at the close of business on december 31 , 2016 , the liabilities for the accrued benefits and the assets attributable to such liabilities of all participants in non-bargaining plan iv were assumed by and transferred to non-bargaining plan ii . there was no loss of vesting or benefit options or reduction of accrued benefits to affected participants as a result of this plan merger . non-bargaining employees whose most recent date of hire is after june 30 , 2014 participate in the entergy corporation cash balance plan for non-bargaining employees ( non-bargaining cash balance plan ) . certain bargaining employees hired or rehired after june 30 , 2014 , or such later date provided for in their applicable collective bargaining agreements , participate in the entergy corporation cash balance plan for bargaining employees ( bargaining cash balance plan ) . the registrant subsidiaries participate in these four plans : non-bargaining plan i , bargaining plan i , non-bargaining cash balance plan , and bargaining cash balance plan . the assets of the six final average pay qualified pension plans are held in a master trust established by entergy , and the assets of the two cash balance pension plans are held in a second master trust established by entergy . a0 a0each pension plan has an undivided beneficial interest in each of the investment accounts in its respective master trust that is maintained by a trustee . a0 a0use of the master trusts permits the commingling of the trust assets of the pension plans of entergy corporation and its registrant subsidiaries for investment and administrative purposes . a0 a0although assets in the master trusts are commingled , the trustee maintains supporting records for the purpose of allocating the trust level equity in net earnings ( loss ) and the administrative expenses of the investment accounts in each trust to the various participating pension plans in that particular trust . a0 a0the fair value of the trusts 2019 assets is determined by the trustee and certain investment managers . a0 a0for each trust , the trustee calculates a daily earnings factor , including realized and .
Question: what portion of the total future minimum lease payments is dedicated to interest payments?
Answer: | 0.8948 |
FINQA4184 | Please answer the given financial question based on the context.
Context: 14 . accounting for certain long-lived assets eog reviews its proved oil and gas properties for impairment purposes by comparing the expected undiscounted future cash flows at a depreciation , depletion and amortization group level to the unamortized capitalized cost of the asset . the carrying rr values for assets determined to be impaired were adjusted to estimated fair value using the income approach described in the fair value measurement topic of the asc . in certain instances , eog utilizes accepted offers from third-party purchasers as the basis for determining fair value . during 2017 , proved oil and gas properties with a carrying amount of $ 370 million were written down to their fair value of $ 146 million , resulting in pretax impairment charges of $ 224 million . during 2016 , proved oil and gas properties with a carrying rr amount of $ 643 million were written down to their fair value of $ 527 million , resulting in pretax impairment charges of $ 116 million . impairments in 2017 , 2016 and 2015 included domestic legacy natural gas assets . amortization and impairments of unproved oil and gas property costs , including amortization of capitalized interest , were $ 211 million , $ 291 million and $ 288 million during 2017 , 2016 and 2015 , respectively . 15 . asset retirement obligations the following table presents the reconciliation of the beginning and ending aggregate carrying amounts of short-term and long-term legal obligations associated with the retirement of property , plant and equipment for the years ended december 31 , 2017 and 2016 ( in thousands ) : .
||2017|2016|
|carrying amount at beginning of period|$ 912926|$ 811554|
|liabilities incurred ( 1 )|54764|212739|
|liabilities settled ( 2 )|-61871 ( 61871 )|-94800 ( 94800 )|
|accretion|34708|32306|
|revisions|-9818 ( 9818 )|-38286 ( 38286 )|
|foreign currency translations|16139|-10587 ( 10587 )|
|carrying amount at end of period|$ 946848|$ 912926|
|current portion|$ 19259|$ 18516|
|noncurrent portion|$ 927589|$ 894410|
( 1 ) includes $ 164 million in 2016 related to yates transaction ( see note 17 ) . ( 2 ) includes settlements related to asset sales . the current and noncurrent portions of eog's asset retirement obligations are included in current liabilities - other and other liabilities , respectively , on the consolidated balance sheets. .
Question: considering the years 2016 and 2017 , what is the increase observed in accretion?
Answer: | 0.07435 |
FINQA4185 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 120 jpmorgan chase & co./2012 annual report $ 12.0 billion , and jpmorgan clearing 2019s net capital was $ 6.6 billion , exceeding the minimum requirement by $ 5.0 billion . in addition to its minimum net capital requirement , jpmorgan securities is required to hold tentative net capital in excess of $ 1.0 billion and is also required to notify the sec in the event that tentative net capital is less than $ 5.0 billion , in accordance with the market and credit risk standards of appendix e of the net capital rule . as of december 31 , 2012 , jpmorgan securities had tentative net capital in excess of the minimum and notification requirements . j.p . morgan securities plc ( formerly j.p . morgan securities ltd. ) is a wholly-owned subsidiary of jpmorgan chase bank , n.a . and is the firm 2019s principal operating subsidiary in the u.k . it has authority to engage in banking , investment banking and broker-dealer activities . j.p . morgan securities plc is regulated by the u.k . financial services authority ( 201cfsa 201d ) . at december 31 , 2012 , it had total capital of $ 20.8 billion , or a total capital ratio of 15.5% ( 15.5 % ) which exceeded the 8% ( 8 % ) well-capitalized standard applicable to it under basel 2.5 . economic risk capital jpmorgan chase assesses its capital adequacy relative to the risks underlying its business activities using internal risk-assessment methodologies . the firm measures economic capital primarily based on four risk factors : credit , market , operational and private equity risk. .
|year ended december 31 ( in billions )|yearly average 2012|yearly average 2011|yearly average 2010|
|credit risk|$ 46.6|$ 48.2|$ 49.7|
|market risk|17.5|14.5|15.1|
|operational risk|15.9|8.5|7.4|
|private equity risk|6.0|6.9|6.2|
|economic risk capital|86.0|78.1|78.4|
|goodwill|48.2|48.6|48.6|
|other ( a )|50.2|46.6|34.5|
|total common stockholders 2019equity|$ 184.4|$ 173.3|$ 161.5|
( a ) reflects additional capital required , in the firm 2019s view , to meet its regulatory and debt rating objectives . credit risk capital credit risk capital is estimated separately for the wholesale businesses ( cib , cb and am ) and consumer business ( ccb ) . credit risk capital for the wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and from declines in the value of the portfolio due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard . unexpected losses are losses in excess of those for which the allowance for credit losses is maintained . the capital methodology is based on several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation . credit risk capital for the consumer portfolio is based on product and other relevant risk segmentation . actual segment-level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard . the decrease in credit risk capital in 2012 was driven by consumer portfolio runoff and continued model enhancements to better estimate future stress credit losses in the consumer portfolio . see credit risk management on pages 134 2013135 of this annual report for more information about these credit risk measures . market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of the portfolios and financial instruments caused by adverse movements in market variables , such as interest and foreign exchange rates , credit spreads , and securities and commodities prices , taking into account the liquidity of the financial instruments . results from daily var , weekly stress tests , issuer credit spreads and default risk calculations , as well as other factors , are used to determine appropriate capital levels . market risk capital is allocated to each business segment based on its risk assessment . the increase in market risk capital in 2012 was driven by increased risk in the synthetic credit portfolio . see market risk management on pages 163 2013169 of this annual report for more information about these market risk measures . operational risk capital operational risk is the risk of loss resulting from inadequate or failed processes or systems , human factors or external events . the operational risk capital model is based on actual losses and potential scenario-based losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment . the increase in operational risk capital in 2012 was primarily due to continued model enhancements to better capture large historical loss events , including mortgage-related litigation costs . the increases that occurred during 2012 will be fully reflected in average operational risk capital in 2013 . see operational risk management on pages 175 2013176 of this annual report for more information about operational risk . private equity risk capital capital is allocated to privately- and publicly-held securities , third-party fund investments , and commitments in the private equity portfolio , within the corporate/private equity segment , to cover the potential loss associated with a decline in equity markets and related asset devaluations . in addition to negative market fluctuations , potential losses in private equity investment portfolios can be magnified by liquidity risk. .
Question: is the three year average credit risk greater than the market risk
Answer: | yes |
FINQA4186 | Please answer the given financial question based on the context.
Context: credit facilities . as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations . at september 30 , 2019 , we had approximately $ 2.9 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 . this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases . certain restrictive covenants govern our maximum availability under the credit facilities . we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2019 . at september 30 , 2019 , we had $ 129.8 million of outstanding letters of credit not drawn cash and cash equivalents were $ 151.6 million at september 30 , 2019 and $ 636.8 million at september 30 , 2018 . we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition . primarily all of the cash and cash equivalents at september 30 , 2019 were held outside of the u.s . at september 30 , 2019 , total debt was $ 10063.4 million , $ 561.1 million of which was current . at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current . the increase in debt was primarily related to the kapstone acquisition . cash flow activity .
|( in millions )|year ended september 30 , 2019|year ended september 30 , 2018|
|net cash provided by operating activities|$ 2310.2|$ 1931.2|
|net cash used for investing activities|$ -4579.6 ( 4579.6 )|$ -815.1 ( 815.1 )|
|net cash provided by ( used for ) financing activities|$ 1780.2|$ -755.1 ( 755.1 )|
net cash provided by operating activities during fiscal 2019 increased $ 379.0 million from fiscal 2018 primarily due to higher cash earnings and a $ 340.3 million net decrease in the use of working capital compared to the prior year . as a result of the retrospective adoption of asu 2016-15 and asu 2016-18 ( each as hereinafter defined ) as discussed in 201cnote 1 . description of business and summary of significant accounting policies 201d of the notes to consolidated financial statements , net cash provided by operating activities for fiscal 2018 was reduced by $ 489.7 million and cash provided by investing activities increased $ 483.8 million , primarily for the change in classification of proceeds received for beneficial interests obtained for transferring trade receivables in securitization transactions . net cash used for investing activities of $ 4579.6 million in fiscal 2019 consisted primarily of $ 3374.2 million for cash paid for the purchase of businesses , net of cash acquired ( excluding the assumption of debt ) , primarily related to the kapstone acquisition , and $ 1369.1 million for capital expenditures that were partially offset by $ 119.1 million of proceeds from the sale of property , plant and equipment primarily related to the sale of our atlanta beverage facility , $ 33.2 million of proceeds from corporate owned life insurance benefits and $ 25.5 million of proceeds from property , plant and equipment insurance proceeds related to the panama city , fl mill . net cash used for investing activities of $ 815.1 million in fiscal 2018 consisted primarily of $ 999.9 million for capital expenditures , $ 239.9 million for cash paid for the purchase of businesses , net of cash acquired primarily related to the plymouth acquisition and the schl fcter acquisition , and $ 108.0 million for an investment in grupo gondi . these investments were partially offset by $ 461.6 million of cash receipts on sold trade receivables as a result of the adoption of asu 2016-15 , $ 24.0 million of proceeds from the sale of certain affiliates as well as our solid waste management brokerage services business and $ 23.3 million of proceeds from the sale of property , plant and equipment . in fiscal 2019 , net cash provided by financing activities of $ 1780.2 million consisted primarily of a net increase in debt of $ 2314.6 million , primarily related to the kapstone acquisition and partially offset by cash dividends paid to stockholders of $ 467.9 million and purchases of common stock of $ 88.6 million . in fiscal 2018 , net cash used for financing activities of $ 755.1 million consisted primarily of cash dividends paid to stockholders of $ 440.9 million and purchases of common stock of $ 195.1 million and net repayments of debt of $ 120.1 million. .
Question: what percent of the cash used for investing activities was used for the purchase of businesses?
Answer: | 0.73679 |
FINQA4187 | Please answer the given financial question based on the context.
Context: the target awards for the other named executive officers were set as follows : joseph f . domino , ceo - entergy texas ( 50% ( 50 % ) ) ; hugh t . mcdonald , ceo - entergy arkansas ( 50% ( 50 % ) ) ; haley fisackerly , ceo - entergy mississippi ( 40% ( 40 % ) ) ; william m . mohl ( 60% ( 60 % ) ) , ceo - entergy gulf states and entergy louisiana ; charles l . rice , jr . ( 40% ( 40 % ) ) , ceo - entergy new orleans and theodore h . bunting , jr . - principal accounting officer - the subsidiaries ( 60% ( 60 % ) ) . the target awards for the named executive officers ( other than entergy named executive officers ) were set by their respective supervisors ( subject to ultimate approval of entergy 2019s chief executive officer ) who allocated a potential incentive pool established by the personnel committee among various of their direct and indirect reports . in setting the target awards , the supervisor took into account considerations similar to those used by the personnel committee in setting the target awards for entergy 2019s named executive officers . target awards are set based on an executive officer 2019s current position and executive management level within the entergy organization . executive management levels at entergy range from level 1 thorough level 4 . mr . denault and mr . taylor hold positions in level 2 whereas mr . bunting and mr . mohl hold positions in level 3 and mr . domino , mr . fisackerly , mr . mcdonald and mr . rice hold positions in level 4 . accordingly , their respective incentive targets differ one from another based on the external market data developed by the committee 2019s independent compensation consultant and the other factors noted above . in december 2010 , the committee determined the executive incentive plan targets to be used for purposes of establishing annual bonuses for 2011 . the committee 2019s determination of the target levels was made after full board review of management 2019s 2011 financial plan for entergy corporation , upon recommendation of the finance committee , and after the committee 2019s determination that the established targets aligned with entergy corporation 2019s anticipated 2011 financial performance as reflected in the financial plan . the targets established to measure management performance against as reported results were: .
||minimum|target|maximum|
|earnings per share ( $ )|$ 6.10|$ 6.60|$ 7.10|
|operating cash flow ( $ in billions )|$ 2.97|$ 3.35|$ 3.70|
operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 . in accordance with the terms of the annual incentive plan , in january 2012 , the personnel committee certified the 2012 entergy achievement multiplier at 128% ( 128 % ) of target . under the terms of the management effectiveness program , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive if the pre- established underlying performance goals established by the personnel committee are satisfied at the end of the performance period , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether . in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee a mechanism to take into consideration specific achievement factors relating to the overall performance of entergy corporation . in january 2012 , the committee eliminated the management effectiveness factor with respect to the 2011 incentive awards , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management . the annual incentive awards for the named executive officers ( other than mr . leonard , mr . denault and mr . taylor ) are awarded from an incentive pool approved by the committee . from this pool , each named executive officer 2019s supervisor determines the annual incentive payment based on the entergy achievement multiplier . the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance . the incentive awards are subject to the ultimate approval of entergy 2019s chief executive officer. .
Question: what is actual operating cash flow reported for 2011?
Answer: | 3.34978 |
FINQA4188 | Please answer the given financial question based on the context.
Context: 2011 compared to 2010 is&gs 2019 net sales for 2011 decreased $ 540 million , or 5% ( 5 % ) , compared to 2010 . the decrease primarily was attributable to lower volume of approximately $ 665 million due to the absence of the dris program that supported the 2010 u.s . census and a decline in activities on the jtrs program . this decrease partially was offset by increased net sales on numerous programs . is&gs 2019 operating profit for 2011 increased $ 60 million , or 7% ( 7 % ) , compared to 2010 . operating profit increased approximately $ 180 million due to volume and the retirement of risks in 2011 and the absence of reserves recognized in 2010 on numerous programs ( including among others , odin ( about $ 60 million ) and twic and automated flight service station programs ) . the increases in operating profit partially were offset by the absence of the dris program and a decline in activities on the jtrs program of about $ 120 million . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 130 million higher in 2011 compared to 2010 . backlog backlog decreased in 2012 compared to 2011 primarily due to the substantial completion of various programs in 2011 ( primarily odin , u.k . census , and jtrs ) . the decrease in backlog during 2011 compared to 2010 mainly was due to declining activities on the jtrs program and several other smaller programs . trends we expect is&gs 2019 net sales to decline in 2013 in the mid single digit percentage range as compared to 2012 primarily due to the continued downturn in federal information technology budgets . operating profit is expected to decline in 2013 in the mid single digit percentage range consistent with the expected decline in net sales , resulting in margins that are comparable with 2012 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 ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; logistics and other technical services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system ( mlrs ) , hellfire , javelin , joint air-to-surface standoff missile ( jassm ) , apache fire control system ( 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 ) : .
||2012|2011|2010|
|net sales|$ 7457|$ 7463|$ 6930|
|operating profit|1256|1069|973|
|operating margins|16.8% ( 16.8 % )|14.3% ( 14.3 % )|14.0% ( 14.0 % )|
|backlog at year-end|14700|14400|12800|
2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 . net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) . the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) . mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 . the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters . partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011. .
Question: what was the percentage increase in the operating profit from 2010 to 2011
Answer: | 0.09866 |
FINQA4189 | Please answer the given financial question based on the context.
Context: during 2012 , the company granted selected employees an aggregate of 139 thousand rsus with internal performance measures and , separately , certain market thresholds . these awards vested in january 2015 . the terms of the grants specified that to the extent certain performance goals , comprised of internal measures and , separately , market thresholds were achieved , the rsus would vest ; if performance goals were surpassed , up to 175% ( 175 % ) of the target awards would be distributed ; and if performance goals were not met , the awards would be forfeited . in january 2015 , an additional 93 thousand rsus were granted and distributed because performance thresholds were exceeded . in 2015 , 2014 and 2013 , the company granted rsus , both with and without performance conditions , to certain employees under the 2007 plan . the rsus without performance conditions vest ratably over the three- year service period beginning january 1 of the year of the grant and the rsus with performance conditions vest ratably over the three-year performance period beginning january 1 of the year of the grant ( the 201cperformance period 201d ) . distribution of the performance shares is contingent upon the achievement of internal performance measures and , separately , certain market thresholds over the performance period . during 2015 , 2014 and 2013 , the company granted rsus to non-employee directors under the 2007 plan . the rsus vested on the date of grant ; however , distribution of the shares will be made within 30 days of the earlier of : ( i ) 15 months after grant date , subject to any deferral election by the director ; or ( ii ) the participant 2019s separation from service . because these rsus vested on the grant date , the total grant date fair value was recorded in operation and maintenance expense included in the expense table above on the grant date . rsus generally vest over periods ranging from one to three years . rsus granted with service-only conditions and those with internal performance measures are valued at the market value of the closing price of the company 2019s common stock on the date of grant . rsus granted with market conditions are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table presents the weighted-average assumptions used in the monte carlo simulation and the weighted-average grant date fair values of rsus granted for the years ended december 31: .
||2015|2014|2013|
|expected volatility|14.93% ( 14.93 % )|17.78% ( 17.78 % )|19.37% ( 19.37 % )|
|risk-free interest rate|1.07% ( 1.07 % )|0.75% ( 0.75 % )|0.40% ( 0.40 % )|
|expected life ( years )|3.0|3.0|3.0|
|grant date fair value per share|$ 62.10|$ 45.45|$ 40.13|
the grant date fair value of restricted stock awards that vest ratably and have market and/or performance and service conditions are amortized through expense over the requisite service period using the graded-vesting method . rsus that have no performance conditions are amortized through expense over the requisite service period using the straight-line method and are included in operations expense in the accompanying consolidated statements of operations . as of december 31 , 2015 , $ 4 of total unrecognized compensation cost related to the nonvested restricted stock units is expected to be recognized over the weighted-average remaining life of 1.4 years . the total grant date fair value of rsus vested was $ 12 , $ 11 and $ 9 for the years ended december 31 , 2015 , 2014 and 2013. .
Question: by what percentage did grant date fair value per share increase from 2014 to 2015?
Answer: | 0.36634 |
FINQA4190 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 196 jpmorgan chase & co./2014 annual report credit and funding adjustments when determining the fair value of an instrument , it may be necessary to record adjustments to the firm 2019s estimates of fair value in order to reflect counterparty credit quality , the firm 2019s own creditworthiness , and the impact of funding : 2022 credit valuation adjustments ( 201ccva 201d ) are taken to reflect the credit quality of a counterparty in the valuation of derivatives . cva are necessary when the market price ( or parameter ) is not indicative of the credit quality of the counterparty . as few classes of derivative contracts are listed on an exchange , derivative positions are predominantly valued using models that use as their basis observable market parameters . an adjustment therefore may be necessary to reflect the credit quality of each derivative counterparty to arrive at fair value . the firm estimates derivatives cva using a scenario analysis to estimate the expected credit exposure across all of the firm 2019s positions with each counterparty , and then estimates losses as a result of a counterparty credit event . the key inputs to this methodology are ( i ) the expected positive exposure to each counterparty based on a simulation that assumes the current population of existing derivatives with each counterparty remains unchanged and considers contractual factors designed to mitigate the firm 2019s credit exposure , such as collateral and legal rights of offset ; ( ii ) the probability of a default event occurring for each counterparty , as derived from observed or estimated cds spreads ; and ( iii ) estimated recovery rates implied by cds , adjusted to consider the differences in recovery rates as a derivative creditor relative to those reflected in cds spreads , which generally reflect senior unsecured creditor risk . as such , the firm estimates derivatives cva relative to the relevant benchmark interest rate . 2022 dva is taken to reflect the credit quality of the firm in the valuation of liabilities measured at fair value . the dva calculation methodology is generally consistent with the cva methodology described above and incorporates jpmorgan chase 2019s credit spread as observed through the cds market to estimate the probability of default and loss given default as a result of a systemic event affecting the firm . structured notes dva is estimated using the current fair value of the structured note as the exposure amount , and is otherwise consistent with the derivative dva methodology . 2022 the firm incorporates the impact of funding in its valuation estimates where there is evidence that a market participant in the principal market would incorporate it in a transfer of the instrument . as a result , the fair value of collateralized derivatives is estimated by discounting expected future cash flows at the relevant overnight indexed swap ( 201cois 201d ) rate given the underlying collateral agreement with the counterparty . effective in 2013 , the firm implemented a fva framework to incorporate the impact of funding into its valuation estimates for uncollateralized ( including partially collateralized ) over- the-counter ( 201cotc 201d ) derivatives and structured notes . the firm 2019s fva framework leverages its existing cva and dva calculation methodologies , and considers the fact that the firm 2019s own credit risk is a significant component of funding costs . the key inputs are : ( i ) the expected funding requirements arising from the firm 2019s positions with each counterparty and collateral arrangements ; ( ii ) for assets , the estimated market funding cost in the principal market ; and ( iii ) for liabilities , the hypothetical market funding cost for a transfer to a market participant with a similar credit standing as the firm . upon the implementation of the fva framework in 2013 , the firm recorded a one time $ 1.5 billion loss in principal transactions revenue that was recorded in the cib . while the fva framework applies to both assets and liabilities , the loss on implementation largely related to uncollateralized derivative receivables given that the impact of the firm 2019s own credit risk , which is a significant component of funding costs , was already incorporated in the valuation of liabilities through the application of dva . the following table provides the credit and funding adjustments , excluding the effect of any associated hedging activities , reflected within the consolidated balance sheets as of the dates indicated. .
|december 31 ( in millions )|2014|2013|
|derivative receivables balance ( a )|$ 78975|$ 65759|
|derivative payables balance ( a )|71116|57314|
|derivatives cva ( b )|-2674 ( 2674 )|-2352 ( 2352 )|
|derivatives dva and fva ( b ) ( c )|-380 ( 380 )|-322 ( 322 )|
|structured notes balance ( a ) ( d )|53772|48808|
|structured notes dva and fva ( b ) ( e )|1152|952|
derivative receivables balance ( a ) $ 78975 $ 65759 derivative payables balance ( a ) 71116 57314 derivatives cva ( b ) ( 2674 ) ( 2352 ) derivatives dva and fva ( b ) ( c ) ( 380 ) ( 322 ) structured notes balance ( a ) ( d ) 53772 48808 structured notes dva and fva ( b ) ( e ) 1152 952 ( a ) balances are presented net of applicable cva and dva/fva . ( b ) positive cva and dva/fva represent amounts that increased receivable balances or decreased payable balances ; negative cva and dva/fva represent amounts that decreased receivable balances or increased payable balances . ( c ) at december 31 , 2014 and 2013 , included derivatives dva of $ 714 million and $ 715 million , respectively . ( d ) structured notes are predominantly financial instruments containing embedded derivatives that are measured at fair value based on the firm 2019s election under the fair value option . at december 31 , 2014 and 2013 , included $ 943 million and $ 1.1 billion , respectively , of financial instruments with no embedded derivative for which the fair value option has also been elected . for further information on these elections , see note 4 . ( e ) at december 31 , 2014 and 2013 , included structured notes dva of $ 1.4 billion and $ 1.4 billion , respectively. .
Question: by what total amount , from 2013 to 2014 , did total derivative receivable balances decrease or payable balances increase?
Answer: | 5728.0 |
FINQA4191 | Please answer the given financial question based on the context.
Context: sources and uses of cash ( in millions ) in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 29 , dec 30 , dec 31 .
|years ended ( in millions )|dec 292018|dec 302017|dec 312016|
|net cash provided by operating activities|$ 29432|$ 22110|$ 21808|
|net cash used for investing activities|-11239 ( 11239 )|-15762 ( 15762 )|-25817 ( 25817 )|
|net cash provided by ( used for ) financing activities|-18607 ( 18607 )|-8475 ( 8475 )|-5739 ( 5739 )|
|net increase ( decrease ) in cash and cash equivalents|$ -414 ( 414 )|$ -2127 ( 2127 )|$ -9748 ( 9748 )|
md&a consolidated results and analysis 40 .
Question: what was the percentage change in net cash provided by operating activities between 2016 and 2017?
Answer: | 0.01385 |
FINQA4192 | Please answer the given financial question based on the context.
Context: the following table provides the weighted average assumptions used in the black-scholes option-pricing model for grants and the resulting weighted average grant date fair value per share of stock options granted for the years ended december 31: .
||2018|2017|2016|
|intrinsic value|$ 9|$ 10|$ 18|
|exercise proceeds|7|11|15|
|income tax benefit realized|2|3|6|
stock units during 2018 , 2017 and 2016 , the company granted rsus to certain employees under the 2007 plan and 2017 omnibus plan , as applicable . rsus generally vest based on continued employment with the company over periods ranging from one to three years. .
Question: by how much did the intrinsic value decrease from 2016 to 2018?
Answer: | -0.5 |
FINQA4193 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 110 jpmorgan chase & co./2013 annual report 2012 compared with 2011 net loss was $ 2.0 billion , compared with a net income of $ 919 million in the prior year . private equity reported net income of $ 292 million , compared with net income of $ 391 million in the prior year . net revenue was $ 601 million , compared with $ 836 million in the prior year , due to lower unrealized and realized gains on private investments , partially offset by higher unrealized gains on public securities . noninterest expense was $ 145 million , down from $ 238 million in the prior year . treasury and cio reported a net loss of $ 2.1 billion , compared with net income of $ 1.3 billion in the prior year . net revenue was a loss of $ 3.1 billion , compared with net revenue of $ 3.2 billion in the prior year . the current year loss reflected $ 5.8 billion of losses incurred by cio from the synthetic credit portfolio for the six months ended june 30 , 2012 , and $ 449 million of losses from the retained index credit derivative positions for the three months ended september 30 , 2012 . these losses were partially offset by securities gains of $ 2.0 billion . the current year revenue reflected $ 888 million of extinguishment gains related to the redemption of trust preferred securities , which are included in all other income in the above table . the extinguishment gains were related to adjustments applied to the cost basis of the trust preferred securities during the period they were in a qualified hedge accounting relationship . net interest income was negative $ 683 million , compared with $ 1.4 billion in the prior year , primarily reflecting the impact of lower portfolio yields and higher deposit balances across the firm . other corporate reported a net loss of $ 221 million , compared with a net loss of $ 821 million in the prior year . noninterest revenue of $ 1.8 billion was driven by a $ 1.1 billion benefit for the washington mutual bankruptcy settlement , which is included in all other income in the above table , and a $ 665 million gain from the recovery on a bear stearns-related subordinated loan . noninterest expense of $ 3.8 billion was up $ 1.0 billion compared with the prior year . the current year included expense of $ 3.7 billion for additional litigation reserves , largely for mortgage-related matters . the prior year included expense of $ 3.2 billion for additional litigation reserves . treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities . cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs and htm investment securities portfolios ( the 201cinvestment securities portfolio 201d ) . cio also uses derivatives , as well as securities that are not classified as afs or htm , to meet the firm 2019s asset-liability management objectives . for further information on derivatives , see note 6 on pages 220 2013233 of this annual report . for further information about securities not classified within the afs or htm portfolio , see note 3 on pages 195 2013215 of this annual report . the treasury and cio investment securities portfolio primarily consists of u.s . and non-u.s . government securities , agency and non-agency mortgage-backed securities , other asset-backed securities , corporate debt securities and obligations of u.s . states and municipalities . at december 31 , 2013 , the total treasury and cio investment securities portfolio was $ 347.6 billion ; the average credit rating of the securities comprising the treasury and cio investment securities portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . see note 12 on pages 249 2013254 of this annual report for further information on the details of the firm 2019s investment securities portfolio . for further information on liquidity and funding risk , see liquidity risk management on pages 168 2013173 of this annual report . for information on interest rate , foreign exchange and other risks , treasury and cio value-at-risk ( 201cvar 201d ) and the firm 2019s structural interest rate-sensitive revenue at risk , see market risk management on pages 142 2013148 of this annual report . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2013 2012 2011 .
|as of or for the year ended december 31 ( in millions )|2013|2012|2011|
|securities gains|$ 659|$ 2028|$ 1385|
|investment securities portfolio ( average )|353712|358029|330885|
|investment securities portfolio ( period 2013end ) ( a )|347562|365421|355605|
|mortgage loans ( average )|5145|10241|13006|
|mortgage loans ( period-end )|3779|7037|13375|
( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 . held-to-maturity balances for the other periods were not material. .
Question: based on the management 2019s discussion and analysis 110 jpmorgan chase & co what was the change in net income from 2011 to 2012 in billions
Answer: | -921.0 |
FINQA4194 | Please answer the given financial question based on the context.
Context: mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) upon termination of employment , excluding retirement , all of a participant 2019s unvested awards are forfeited . however , when a participant terminates employment due to retirement , the participant generally retains all of their awards without providing additional service to the company . eligible retirement is dependent upon age and years of service , as follows : age 55 with ten years of service , age 60 with five years of service and age 65 with two years of service . compensation expense is recognized over the shorter of the vesting periods stated in the ltip , or the date the individual becomes eligible to retire . there are 11550 shares of class a common stock reserved for equity awards under the ltip . although the ltip permits the issuance of shares of class b common stock , no such shares have been reserved for issuance . shares issued as a result of option exercises and the conversions of rsus are expected to be funded with the issuance of new shares of class a common stock . stock options the fair value of each option is estimated on the date of grant using a black-scholes option pricing model . the following table presents the weighted-average assumptions used in the valuation and the resulting weighted- average fair value per option granted for the years ended december 31: .
||2009|2008|2007|
|risk-free rate of return|2.5% ( 2.5 % )|3.2% ( 3.2 % )|4.4% ( 4.4 % )|
|expected term ( in years )|6.17|6.25|6.25|
|expected volatility|41.7% ( 41.7 % )|37.9% ( 37.9 % )|30.9% ( 30.9 % )|
|expected dividend yield|0.4% ( 0.4 % )|0.3% ( 0.3 % )|0.6% ( 0.6 % )|
|weighted-average fair value per option granted|$ 71.03|$ 78.54|$ 41.03|
the risk-free rate of return was based on the u.s . treasury yield curve in effect on the date of grant . the company utilizes the simplified method for calculating the expected term of the option based on the vesting terms and the contractual life of the option . the expected volatility for options granted during 2009 was based on the average of the implied volatility of mastercard and a blend of the historical volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard . the expected volatility for options granted during 2008 was based on the average of the implied volatility of mastercard and the historical volatility of a group of companies that management believes is generally comparable to mastercard . as the company did not have sufficient publicly traded stock data historically , the expected volatility for options granted during 2007 was primarily based on the average of the historical and implied volatility of a group of companies that management believed was generally comparable to mastercard . the expected dividend yields were based on the company 2019s expected annual dividend rate on the date of grant. .
Question: what was the percent of the increase in the weighted-average fair value per option granted from 2007 to 2008
Answer: | 0.91421 |
FINQA4195 | Please answer the given financial question based on the context.
Context: credit facilities as our bermuda subsidiaries are not admitted insurers and reinsurers in the u.s. , the terms of certain u.s . insurance and reinsurance contracts require them to provide collateral , which can be in the form of locs . in addition , ace global markets is required to satisfy certain u.s . regulatory trust fund requirements which can be met by the issuance of locs . locs may also be used for general corporate purposes and to provide underwriting capacity as funds at lloyd 2019s . the following table shows our main credit facilities by credit line , usage , and expiry date at december 31 , 2010 . ( in millions of u.s . dollars ) credit line ( 1 ) usage expiry date .
|( in millions of u.s . dollars )|creditline ( 1 )|usage|expiry date|
|syndicated letter of credit facility|$ 1000|$ 574|nov . 2012|
|revolving credit/loc facility ( 2 )|500|370|nov . 2012|
|bilateral letter of credit facility|500|500|sept . 2014|
|funds at lloyds 2019s capital facilities ( 3 )|400|340|dec . 2015|
|total|$ 2400|$ 1784||
( 1 ) certain facilities are guaranteed by operating subsidiaries and/or ace limited . ( 2 ) may also be used for locs . ( 3 ) supports ace global markets underwriting capacity for lloyd 2019s syndicate 2488 ( see discussion below ) . in november 2010 , we entered into four letter of credit facility agreements which collectively permit the issuance of up to $ 400 million of letters of credit . we expect that most of the locs issued under the loc agreements will be used to support the ongoing funds at lloyd 2019s requirements of syndicate 2488 , but locs may also be used for other general corporate purposes . it is anticipated that our commercial facilities will be renewed on expiry but such renewals are subject to the availability of credit from banks utilized by ace . in the event that such credit support is insufficient , we could be required to provide alter- native security to clients . this could take the form of additional insurance trusts supported by our investment portfolio or funds withheld using our cash resources . the value of letters of credit required is driven by , among other things , statutory liabilities reported by variable annuity guarantee reinsurance clients , loss development of existing reserves , the payment pattern of such reserves , the expansion of business , and loss experience of such business . the facilities in the table above require that we maintain certain covenants , all of which have been met at december 31 , 2010 . these covenants include : ( i ) maintenance of a minimum consolidated net worth in an amount not less than the 201cminimum amount 201d . for the purpose of this calculation , the minimum amount is an amount equal to the sum of the base amount ( currently $ 13.8 billion ) plus 25 percent of consolidated net income for each fiscal quarter , ending after the date on which the current base amount became effective , plus 50 percent of any increase in consolidated net worth during the same period , attributable to the issuance of common and preferred shares . the minimum amount is subject to an annual reset provision . ( ii ) maintenance of a maximum debt to total capitalization ratio of not greater than 0.35 to 1 . under this covenant , debt does not include trust preferred securities or mezzanine equity , except where the ratio of the sum of trust preferred securities and mezzanine equity to total capitalization is greater than 15 percent . in this circumstance , the amount greater than 15 percent would be included in the debt to total capitalization ratio . at december 31 , 2010 , ( a ) the minimum consolidated net worth requirement under the covenant described in ( i ) above was $ 14.5 billion and our actual consolidated net worth as calculated under that covenant was $ 21.6 billion and ( b ) our ratio of debt to total capitalization was 0.167 to 1 , which is below the maximum debt to total capitalization ratio of 0.35 to 1 as described in ( ii ) above . our failure to comply with the covenants under any credit facility would , subject to grace periods in the case of certain covenants , result in an event of default . this could require us to repay any outstanding borrowings or to cash collateralize locs under such facility . a failure by ace limited ( or any of its subsidiaries ) to pay an obligation due for an amount exceeding $ 50 million would result in an event of default under all of the facilities described above . ratings ace limited and its subsidiaries are assigned debt and financial strength ( insurance ) ratings from internationally recognized rating agencies , including s&p , a.m . best , moody 2019s investors service , and fitch . the ratings issued on our companies by these agencies are announced publicly and are available directly from the agencies . our internet site , www.acegroup.com .
Question: what is the total credit line utilization rate?
Answer: | 0.74333 |
FINQA4196 | Please answer the given financial question based on the context.
Context: note 9 : stock based compensation the company has granted stock option and restricted stock unit ( 201crsus 201d ) awards to non-employee directors , officers and other key employees of the company pursuant to the terms of its 2007 omnibus equity compensation plan ( the 201c2007 plan 201d ) . the total aggregate number of shares of common stock that may be issued under the 2007 plan is 15.5 . as of december 31 , 2015 , 8.4 shares were available for grant under the 2007 plan . shares issued under the 2007 plan may be authorized-but-unissued shares of company stock or reacquired shares of company stock , including shares purchased by the company on the open market . the company recognizes compensation expense for stock awards over the vesting period of the award . the following table presents stock-based compensation expense recorded in operation and maintenance expense in the accompanying consolidated statements of operations for the years ended december 31: .
||2015|2014|2013|
|stock options|$ 2|$ 2|$ 3|
|rsus|8|10|9|
|espp|1|1|1|
|stock-based compensation|11|13|13|
|income tax benefit|-4 ( 4 )|-5 ( 5 )|-5 ( 5 )|
|stock-based compensation expense net of tax|$ 7|$ 8|$ 8|
there were no significant stock-based compensation costs capitalized during the years ended december 31 , 2015 , 2014 and 2013 . the cost of services received from employees in exchange for the issuance of stock options and restricted stock awards is measured based on the grant date fair value of the awards issued . the value of stock options and rsus awards at the date of the grant is amortized through expense over the three-year service period . all awards granted in 2015 , 2014 and 2013 are classified as equity . the company receives a tax deduction based on the intrinsic value of the award at the exercise date for stock options and the distribution date for rsus . for each award , throughout the requisite service period , the company recognizes the tax benefits , which have been included in deferred income tax assets , related to compensation costs . the tax deductions in excess of the benefits recorded throughout the requisite service period are recorded to common stockholders 2019 equity or the statement of operations and are presented in the financing section of the consolidated statements of cash flows . the company stratified its grant populations and used historic employee turnover rates to estimate employee forfeitures . the estimated rate is compared to the actual forfeitures at the end of the reporting period and adjusted as necessary . stock options in 2015 , 2014 and 2013 , the company granted non-qualified stock options to certain employees under the 2007 plan . the stock options vest ratably over the three-year service period beginning on january 1 of the year of the grant . these awards have no performance vesting conditions and the grant date fair value is amortized through expense over the requisite service period using the straight-line method and is included in operations and maintenance expense in the accompanying consolidated statements of operations. .
Question: as of december 31 . 2015 what was the % ( % ) of shares available for grant under the 2007 plan .
Answer: | 0.54194 |
FINQA4197 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations ( continued ) the following table presents average u.s . and non-u.s . short-duration advances for the years ended december 31 : years ended december 31 .
|( in millions )|2013|2012|2011|
|average u.s . short-duration advances|$ 2356|$ 1972|$ 1994|
|average non-u.s . short-duration advances|1393|1393|1585|
|average total short-duration advances|$ 3749|$ 3365|$ 3579|
although average short-duration advances for the year ended december 31 , 2013 increased compared to the year ended december 31 , 2012 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity . average other interest-earning assets increased to $ 11.16 billion for the year ended december 31 , 2013 from $ 7.38 billion for the year ended december 31 , 2012 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our participation in principal securities finance transactions . aggregate average interest-bearing deposits increased to $ 109.25 billion for the year ended december 31 , 2013 from $ 98.39 billion for the year ended december 31 , 2012 . this increase was mainly due to higher levels of non-u.s . transaction accounts associated with the growth of new and existing business in assets under custody and administration . future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s . and non-u.s . interest rates . average other short-term borrowings declined to $ 3.79 billion for the year ended december 31 , 2013 from $ 4.68 billion for the year ended december 31 , 2012 , as higher levels of client deposits provided additional liquidity . average long-term debt increased to $ 8.42 billion for the year ended december 31 , 2013 from $ 7.01 billion for the year ended december 31 , 2012 . the increase primarily reflected the issuance of $ 1.0 billion of extendible notes by state street bank in december 2012 , the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , and the issuance of $ 1.0 billion of senior debt in november 2013 . this increase was partly offset by maturities of $ 1.75 billion of senior debt in the second quarter of 2012 . average other interest-bearing liabilities increased to $ 6.46 billion for the year ended december 31 , 2013 from $ 5.90 billion for the year ended december 31 , 2012 , primarily the result of higher levels of cash collateral received from clients in connection with our participation in principal securities finance transactions . several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s . and non-u.s . interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured . based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay- downs and maturities of investment securities in highly-rated securities , such as u.s . treasury and agency securities , federal agency mortgage-backed securities and u.s . and non-u.s . mortgage- and asset-backed securities . the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time . we expect these factors and the levels of global interest rates to dictate what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .
Question: what percent has short duration advances in the us increased between 2011 and 2013?
Answer: | 0.18154 |
FINQA4198 | Please answer the given financial question based on the context.
Context: part i item 1 entergy corporation , utility operating companies , and system energy including the continued effectiveness of the clean energy standards/zero emissions credit program ( ces/zec ) , the establishment of certain long-term agreements on acceptable terms with the energy research and development authority of the state of new york in connection with the ces/zec program , and nypsc approval of the transaction on acceptable terms , entergy refueled the fitzpatrick plant in january and february 2017 . in october 2015 , entergy determined that it would close the pilgrim plant . the decision came after management 2019s extensive analysis of the economics and operating life of the plant following the nrc 2019s decision in september 2015 to place the plant in its 201cmultiple/repetitive degraded cornerstone column 201d ( column 4 ) of its reactor oversight process action matrix . the pilgrim plant is expected to cease operations on may 31 , 2019 , after refueling in the spring of 2017 and operating through the end of that fuel cycle . in december 2015 , entergy wholesale commodities closed on the sale of its 583 mw rhode island state energy center ( risec ) , in johnston , rhode island . the base sales price , excluding adjustments , was approximately $ 490 million . entergy wholesale commodities purchased risec for $ 346 million in december 2011 . in december 2016 , entergy announced that it reached an agreement with consumers energy to terminate the ppa for the palisades plant on may 31 , 2018 . pursuant to the ppa termination agreement , consumers energy will pay entergy $ 172 million for the early termination of the ppa . the ppa termination agreement is subject to regulatory approvals . separately , and assuming regulatory approvals are obtained for the ppa termination agreement , entergy intends to shut down the palisades nuclear power plant permanently on october 1 , 2018 , after refueling in the spring of 2017 and operating through the end of that fuel cycle . entergy expects to enter into a new ppa with consumers energy under which the plant would continue to operate through october 1 , 2018 . in january 2017 , entergy announced that it reached a settlement with new york state to shut down indian point 2 by april 30 , 2020 and indian point 3 by april 30 , 2021 , and resolve all new york state-initiated legal challenges to indian point 2019s operating license renewal . as part of the settlement , new york state has agreed to issue indian point 2019s water quality certification and coastal zone management act consistency certification and to withdraw its objection to license renewal before the nrc . new york state also has agreed to issue a water discharge permit , which is required regardless of whether the plant is seeking a renewed nrc license . the shutdowns are conditioned , among other things , upon such actions being taken by new york state . even without opposition , the nrc license renewal process is expected to continue at least into 2018 . with the settlement concerning indian point , entergy now has announced plans for the disposition of all of the entergy wholesale commodities nuclear power plants , including the sales of vermont yankee and fitzpatrick , and the earlier than previously expected shutdowns of pilgrim , palisades , indian point 2 , and indian point 3 . see 201centergy wholesale commodities exit from the merchant power business 201d for further discussion . property nuclear generating stations entergy wholesale commodities includes the ownership of the following nuclear power plants : power plant market service year acquired location capacity - reactor type license expiration .
|power plant|market|in service year|acquired|location|capacity - reactor type|license expiration date|
|pilgrim ( a )|is0-ne|1972|july 1999|plymouth ma|688 mw - boiling water|2032 ( a )|
|fitzpatrick ( b )|nyiso|1975|nov . 2000|oswego ny|838 mw - boiling water|2034 ( b )|
|indian point 3 ( c )|nyiso|1976|nov . 2000|buchanan ny|1041 mw - pressurized water|2015 ( c )|
|indian point 2 ( c )|nyiso|1974|sept . 2001|buchanan ny|1028 mw - pressurized water|2013 ( c )|
|vermont yankee ( d )|is0-ne|1972|july 2002|vernon vt|605 mw - boiling water|2032 ( d )|
|palisades ( e )|miso|1971|apr . 2007|covert mi|811 mw - pressurized water|2031 ( e )|
.
Question: for how many years will entergy corporation run the indian point 3 power plant?
Answer: | 34.0 |
FINQA4199 | Please answer the given financial question based on the context.
Context: 26 | 2009 annual report in fiscal 2008 , revenues in the credit union systems and services business segment increased 14% ( 14 % ) from fiscal 2007 . all revenue components within the segment experienced growth during fiscal 2008 . license revenue generated the largest dollar growth in revenue as episys ae , our flagship core processing system aimed at larger credit unions , experienced strong sales throughout the year . support and service revenue , which is the largest component of total revenues for the credit union segment , experienced 34 percent growth in eft support and 10 percent growth in in-house support . gross profit in this business segment increased $ 9344 in fiscal 2008 compared to fiscal 2007 , due primarily to the increase in license revenue , which carries the highest margins . liquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements . we expect this trend to continue in the future . the company 2019s cash and cash equivalents increased to $ 118251 at june 30 , 2009 from $ 65565 at june 30 , 2008 . the following table summarizes net cash from operating activities in the statement of cash flows : 2009 2008 2007 .
|2008|year ended june 30 2009 2008|year ended june 30 2009 2008|year ended june 30 2009|
|net income|$ 103102|$ 104222|$ 104681|
|non-cash expenses|74397|70420|56348|
|change in receivables|21214|-2913 ( 2913 )|-28853 ( 28853 )|
|change in deferred revenue|21943|5100|24576|
|change in other assets and liabilities|-14068 ( 14068 )|4172|17495|
|net cash from operating activities|$ 206588|$ 181001|$ 174247|
year ended june 30 , cash provided by operations increased $ 25587 to $ 206588 for the fiscal year ended june 30 , 2009 as compared to $ 181001 for the fiscal year ended june 30 , 2008 . this increase is primarily attributable to a decrease in receivables compared to the same period a year ago of $ 21214 . this decrease is largely the result of fiscal 2010 annual software maintenance billings being provided to customers earlier than in the prior year , which allowed more cash to be collected before the end of the fiscal year than in previous years . further , we collected more cash overall related to revenues that will be recognized in subsequent periods in the current year than in fiscal 2008 . cash used in investing activities for the fiscal year ended june 2009 was $ 59227 and includes $ 3027 in contingent consideration paid on prior years 2019 acquisitions . cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions . capital expenditures for fiscal 2009 were $ 31562 compared to $ 31105 for fiscal 2008 . cash used for software development in fiscal 2009 was $ 24684 compared to $ 23736 during the prior year . net cash used in financing activities for the current fiscal year was $ 94675 and includes the repurchase of 3106 shares of our common stock for $ 58405 , the payment of dividends of $ 26903 and $ 13489 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 3773 from the exercise of stock options and the sale of common stock ( through the employee stock purchase plan ) and $ 348 excess tax benefits from stock option exercises . during fiscal 2008 , net cash used in financing activities for the fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises . beginning during fiscal 2008 , us financial markets and many of the largest us financial institutions have been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities . since that time , these and other such developments have resulted in a broad , global economic downturn . while we , as is the case with most companies , have experienced the effects of this downturn , we have not experienced any significant issues with our current collection efforts , and we believe that any future impact to our liquidity will be minimized by cash generated by recurring sources of revenue and due to our access to available lines of credit. .
Question: of the cash used in investing activities for the fiscal year ended june 2009 , what percentage was from contingent consideration paid on prior years 2019 acquisitions?
Answer: | 0.05111 |
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