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finqa1000 | Please answer the given financial question based on the context.
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2006 reconciliation of accumulated depreciation and amortization ( in thousands ) .
|balance december 31 2003|$ 514177|
|additions during period 2014depreciation and amortization expense|82551|
|deductions during period 2014disposition and retirements of property|-1390 ( 1390 )|
|balance december 31 2004|595338|
|additions during period 2014depreciation and amortization expense|83656|
|deductions during period 2014disposition and retirements of property|-15244 ( 15244 )|
|balance december 31 2005|663750|
|additions during period 2014depreciation and amortization expense|89564|
|deductions during period 2014disposition and retirements of property|-12807 ( 12807 )|
|balance december 31 2006|$ 740507|
.
Question: what is the average of the deductions during the period of 2003-2006?
Answer: | 9813.66667 | what is the average of the deductions during the period of 2003-2006? |
finqa1001 | Please answer the given financial question based on the context.
Context: n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31 , 2008 , 2007 , and number of options weighted average exercise price .
||number of options|weightedaverageexercise price|
|options outstanding december 31 2005|12643761|$ 36.53|
|granted|1505215|$ 56.29|
|exercised|-1982560 ( 1982560 )|$ 33.69|
|forfeited|-413895 ( 413895 )|$ 39.71|
|options outstanding december 31 2006|11752521|$ 39.43|
|granted|1549091|$ 56.17|
|exercised|-1830004 ( 1830004 )|$ 35.73|
|forfeited|-200793 ( 200793 )|$ 51.66|
|options outstanding december 31 2007|11270815|$ 42.12|
|granted|1612507|$ 60.17|
|exercised|-2650733 ( 2650733 )|$ 36.25|
|forfeited|-309026 ( 309026 )|$ 54.31|
|options outstanding december 31 2008|9923563|$ 46.24|
the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31 , 2008 . the total intrinsic value was approximately $ 66 million for stock options out- standing and $ 81 million for stock options exercisable at december 31 , 2008 . the weighted-average fair value for the stock options granted for the year ended december 31 , 2008 was $ 17.60 . the total intrinsic value for stock options exercised dur- ing the years ended december 31 , 2008 , 2007 , and 2006 , was approximately $ 54 million , $ 44 million , and $ 43 million , respectively . the amount of cash received during the year ended december 31 , 2008 , from the exercise of stock options was $ 97 million . restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock . the company generally grants restricted stock with a 4-year vesting period , based on a graded vesting schedule . the restricted stock is granted at market close price on the date of grant . included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. .
Question: what is the percentage change in the balance of outstanding options from 2005 to 2008?
Answer: | -0.21514 | what is the percentage change in the balance of outstanding options from 2005 to 2008? |
finqa1002 | Please answer the given financial question based on the context.
Context: humana inc . notes to consolidated financial statements 2014 ( continued ) the grant-date fair value of the award will be estimated using option-pricing models . in addition , certain tax effects of stock option exercises will be reported as a financing activity rather than an operating activity in the statements of cash flows . we adopted sfas 123r on january 1 , 2006 under the retrospective transition method using the black-scholes pricing model . the effect of expensing stock options under a fair value approach using the black-scholes pricing model on diluted earnings per common share for the years ended december 31 , 2005 , 2004 and 2003 is disclosed on page 69 . in addition , the classification of cash inflows from any excess tax benefit associated with exercising stock options will change from an operating activity to a financing activity in the consolidated statements of cash flows with no impact on total cash flows . we estimate the impact of this change in classification will decrease operating cash flows ( and increase financing cash flows ) by approximately $ 15.5 million in 2005 , $ 3.7 million in 2004 , and $ 15.2 million in 2003 . stock option expense after adopting sfas 123r is not expected to be materially different than our pro forma disclosure on page 69 and is dependent on levels of stock options granted during 2006 . 3 . acquisitions in january 2006 , our commercial segment reached an agreement to acquire cha service company , or cha health , a health plan serving employer groups in kentucky , for cash consideration of approximately $ 60.0 million plus any excess statutory surplus . this transaction , which is subject to regulatory approval , is expected to close effective in the second quarter of 2006 . on december 20 , 2005 , our commercial segment acquired corphealth , inc. , or corphealth , a behavioral health care management company , for cash consideration of approximately $ 54.2 million , including transaction costs . this acquisition allows humana to integrate coverage of medical and behavior health benefits . net tangible assets acquired of $ 6.0 million primarily consisted of cash and cash equivalents . the purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $ 48.2 million . we preliminarily allocated this excess purchase price to other intangible assets of $ 8.6 million and associated deferred tax liabilities of $ 3.2 million , and non-deductible goodwill of $ 42.8 million . the other intangible assets , which consist primarily of customer contracts , have a weighted average useful life of 14.7 years . the allocation is subject to change pending completion of the valuation by a third party valuation specialist firm assisting us in evaluating the fair value of the assets acquired . on february 16 , 2005 , our government segment acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company . careplus provides medicare advantage hmo plans and benefits to medicare advantage members in miami-dade , broward and palm beach counties . this acquisition enhances our medicare market position in south florida . we paid approximately $ 444.9 million in cash , including transaction costs . we financed the transaction with $ 294.0 million of borrowings under our credit agreement and $ 150.9 million of cash on hand . the purchase price is subject to a balance sheet settlement process with a nine month claims run-out period . this settlement , which will be reflected as an adjustment to goodwill , is not expected to be material . the fair value of the acquired tangible assets ( assumed liabilities ) consisted of the following: .
||( in thousands )|
|cash and cash equivalents|$ 92116|
|premiums receivable and other current assets|6510|
|property and equipment and other assets|21315|
|medical and other expenses payable|-37375 ( 37375 )|
|other current liabilities|-23359 ( 23359 )|
|other liabilities|-5915 ( 5915 )|
|net tangible assets acquired|$ 53292|
.
Question: on december 20 , 2005 what was the percent of the net tangible assets acquired to the purchase price
Answer: | 0.1107 | on december 20 , 2005 what was the percent of the net tangible assets acquired to the purchase price |
finqa1003 | Please answer the given financial question based on the context.
Context: guaranteed by the company with guarantees from the joint venture partners for their proportionate amounts of any guaranty payment the company is obligated to make ( see guarantee table above ) . non-recourse mortgage debt is generally defined as debt whereby the lenders 2019 sole recourse with respect to borrower defaults is limited to the value of the property collateralized by the mortgage . the lender generally does not have recourse against any other assets owned by the borrower or any of the constituent members of the borrower , except for certain specified exceptions listed in the particular loan documents ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) . these investments include the following joint ventures : venture ownership interest number of properties total gla thousands ) recourse mortgage payable ( in millions ) number of encumbered properties average interest weighted average ( months ) .
|venture|kimco ownership interest|number of properties|total gla ( in thousands )|non- recourse mortgage payable ( in millions )|number of encumbered properties|average interest rate|weighted average term ( months )|
|kimpru ( a )|15.0% ( 15.0 % )|60|10573|$ 920.4|39|5.53% ( 5.53 % )|23.0|
|riocan venture ( b )|50.0% ( 50.0 % )|45|9307|$ 642.6|28|4.29% ( 4.29 % )|39.9|
|kir ( c )|48.6% ( 48.6 % )|54|11519|$ 866.4|46|5.04% ( 5.04 % )|61.9|
|big shopping centers ( d )|50.1% ( 50.1 % )|6|1029|$ 144.6|6|5.52% ( 5.52 % )|22.0|
|kimstone ( e ) ( g )|33.3% ( 33.3 % )|39|5595|$ 704.4|38|4.45% ( 4.45 % )|28.7|
|cpp ( f )|55.0% ( 55.0 % )|7|2425|$ 112.1|2|5.05% ( 5.05 % )|10.1|
( a ) represents the company 2019s joint ventures with prudential real estate investors . ( b ) represents the company 2019s joint ventures with riocan real estate investment trust . ( c ) represents the company 2019s joint ventures with certain institutional investors . ( d ) represents the company 2019s remaining joint venture with big shopping centers ( tlv:big ) , an israeli public company ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) . ( e ) represents the company 2019s joint ventures with blackstone . ( f ) represents the company 2019s joint ventures with the canadian pension plan investment board ( cppib ) . ( g ) on february 2 , 2015 , the company purchased the remaining 66.7% ( 66.7 % ) interest in the 39-property kimstone portfolio for a gross purchase price of $ 1.4 billion , including the assumption of $ 638.0 million in mortgage debt ( see footnote 26 of the notes to consolidated financial statements included in this form 10-k ) . the company has various other unconsolidated real estate joint ventures with varying structures . as of december 31 , 2014 , these other unconsolidated joint ventures had individual non-recourse mortgage loans aggregating $ 1.2 billion . the aggregate debt as of december 31 , 2014 , of all of the company 2019s unconsolidated real estate joint ventures is $ 4.6 billion , of which the company 2019s proportionate share of this debt is $ 1.8 billion . as of december 31 , 2014 , these loans had scheduled maturities ranging from one month to 19 years and bear interest at rates ranging from 1.92% ( 1.92 % ) to 8.39% ( 8.39 % ) . approximately $ 525.7 million of the aggregate outstanding loan balance matures in 2015 , of which the company 2019s proportionate share is $ 206.0 million . these maturing loans are anticipated to be repaid with operating cash flows , debt refinancing and partner capital contributions , as deemed appropriate ( see footnote 7 of the notes to consolidated financial statements included in this form 10-k ) . .
Question: as of december 31 , 2014 , what was the proportionate share of the company 2019s unconsolidated real estate joint ventures .
Answer: | 0.3913 | as of december 31 , 2014 , what was the proportionate share of the company 2019s unconsolidated real estate joint ventures . |
finqa1004 | 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: what is the mathematical range for the stock prices in oct , nov and dec?
Answer: | 4.97 | what is the mathematical range for the stock prices in oct , nov and dec? |
finqa1005 | Please answer the given financial question based on the context.
Context: entergy corporation notes to consolidated financial statements sale and leaseback transactions waterford 3 lease obligations in 1989 , entergy louisiana sold and leased back 9.3% ( 9.3 % ) of its interest in waterford 3 for the aggregate sum of $ 353.6 million . the lease has an approximate term of 28 years . the lessors financed the sale-leaseback through the issuance of waterford 3 secured lease obligation bonds . the lease payments made by entergy louisiana are sufficient to service the debt . in 1994 , entergy louisiana did not exercise its option to repurchase the 9.3% ( 9.3 % ) interest in waterford 3 . as a result , entergy louisiana issued $ 208.2 million of non-interest bearing first mortgage bonds as collateral for the equity portion of certain amounts payable under the lease . in 1997 , the lessors refinanced the outstanding bonds used to finance the purchase of waterford 3 at lower interest rates , which reduced the annual lease payments . upon the occurrence of certain events , entergy louisiana may be obligated to assume the outstanding bonds used to finance the purchase of the unit and to pay an amount sufficient to withdraw from the lease transaction . such events include lease events of default , events of loss , deemed loss events , or certain adverse "financial events." "financial events" include , among other things , failure by entergy louisiana , following the expiration of any applicable grace or cure period , to maintain ( i ) total equity capital ( including preferred stock ) at least equal to 30% ( 30 % ) of adjusted capitalization , or ( ii ) a fixed charge coverage ratio of at least 1.50 computed on a rolling 12 month basis . as of december 31 , 2003 , entergy louisiana's total equity capital ( including preferred stock ) was 49.82% ( 49.82 % ) of adjusted capitalization and its fixed charge coverage ratio for 2003 was 4.06 . as of december 31 , 2003 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows: .
||( in thousands )|
|2004|$ 31739|
|2005|14554|
|2006|18262|
|2007|18754|
|2008|22606|
|years thereafter|366514|
|total|472429|
|less : amount representing interest|209895|
|present value of net minimum lease payments|$ 262534|
grand gulf 1 lease obligations in december 1988 , system energy sold 11.5% ( 11.5 % ) of its undivided ownership interest in grand gulf 1 for the aggregate sum of $ 500 million . subsequently , system energy leased back its interest in the unit for a term of 26-1/2 years . system energy has the option of terminating the lease and repurchasing the 11.5% ( 11.5 % ) interest in the unit at certain intervals during the lease . furthermore , at the end of the lease term , system energy has the option of renewing the lease or repurchasing the 11.5% ( 11.5 % ) interest in grand gulf 1 . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant .
Question: what portion of the total future minimum lease payments for entergy louisiana is due within the next 12 months?
Answer: | 0.06718 | what portion of the total future minimum lease payments for entergy louisiana is due within the next 12 months? |
finqa1006 | Please answer the given financial question based on the context.
Context: liquidity and capital resources as of december 31 , 2006 , our principal sources of liquidity included cash , cash equivalents , the sale of receivables , and our revolving credit facilities , as well as the availability of commercial paper and other sources of financing through the capital markets . we had $ 2 billion of committed credit facilities available , of which there were no borrowings outstanding as of december 31 , 2006 , and we did not make any short-term borrowings under these facilities during the year . the value of the outstanding undivided interest held by investors under the sale of receivables program was $ 600 million as of december 31 , 2006 . the sale of receivables program is subject to certain requirements , including the maintenance of an investment grade bond rating . if our bond rating were to deteriorate , it could have an adverse impact on our liquidity . access to commercial paper is dependent on market conditions . deterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to utilize commercial paper as a source of liquidity . liquidity through the capital markets is also dependent on our financial stability . at both december 31 , 2006 and 2005 , we had a working capital deficit of approximately $ 1.1 billion . a working capital deficit is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources to meet our daily cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . financial condition cash flows millions of dollars 2006 2005 2004 .
|cash flowsmillions of dollars|2006|2005|2004|
|cash provided by operating activities|$ 2880|$ 2595|$ 2257|
|cash used in investing activities|-2042 ( 2042 )|-2047 ( 2047 )|-1732 ( 1732 )|
|cash used in financing activities|-784 ( 784 )|-752 ( 752 )|-75 ( 75 )|
|net change in cash and cash equivalents|$ 54|$ -204 ( 204 )|$ 450|
cash provided by operating activities 2013 higher income in 2006 generated the increased cash provided by operating activities , which was partially offset by higher income tax payments , $ 150 million in voluntary pension contributions , higher material and supply inventories , and higher management incentive payments in 2006 . higher income , lower management incentive payments in 2005 ( executive bonuses , which would have been paid to individuals in 2005 , were not awarded based on company performance in 2004 and bonuses for the professional workforce that were paid out in 2005 were significantly reduced ) , and working capital performance generated higher cash from operating activities in 2005 . a voluntary pension contribution of $ 100 million in 2004 also augmented the positive year-over-year variance in 2005 as no pension contribution was made in 2005 . this improvement was partially offset by cash received in 2004 for income tax refunds . cash used in investing activities 2013 an insurance settlement for the 2005 january west coast storm and lower balances for work in process decreased the amount of cash used in investing activities in 2006 . higher capital investments and lower proceeds from asset sales partially offset this decrease . increased capital spending , partially offset by higher proceeds from asset sales , increased the amount of cash used in investing activities in 2005 compared to 2004 . cash used in financing activities 2013 the increase in cash used in financing activities primarily resulted from lower net proceeds from equity compensation plans ( $ 189 million in 2006 compared to $ 262 million in 2005 ) . the increase in 2005 results from debt issuances in 2004 and higher debt repayments in 2005 . we did not issue debt in 2005 versus $ 745 million of debt issuances in 2004 , and we repaid $ 699 million of debt in 2005 compared to $ 588 million in 2004 . the higher outflows in 2005 were partially offset by higher net proceeds from equity compensation plans ( $ 262 million in 2005 compared to $ 80 million in 2004 ) . .
Question: in 2005 what was the ratio of the cash used in investments activities to the financing activities
Answer: | 2.72207 | in 2005 what was the ratio of the cash used in investments activities to the financing activities |
finqa1007 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2010 annual report 219 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agree- ments 201d ) primarily to finance the firm 2019s inventory positions , ac- quire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable ac- counting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received or paid in connection with securities financing agreements are recorded in interest income or interest expense . the firm has elected the fair value option for certain securities financing agreements . for a further discussion of the fair value option , see note 4 on pages 187 2013189 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated bal- ance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instru- ments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agree- ments , all of which are accounted for as collateralized financings during the periods presented. .
|december 31 ( in millions )|2010|2009|
|securities purchased under resale agreements ( a )|$ 222302|$ 195328|
|securities borrowed ( b )|123587|119630|
|securities sold under repurchase agreements ( c )|$ 262722|$ 245692|
|securities loaned|10592|7835|
( a ) includes resale agreements of $ 20.3 billion and $ 20.5 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . ( b ) includes securities borrowed of $ 14.0 billion and $ 7.0 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . ( c ) includes repurchase agreements of $ 4.1 billion and $ 3.4 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . the amounts reported in the table above have been reduced by $ 112.7 billion and $ 121.2 billion at december 31 , 2010 and 2009 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securi- ties borrowed . the firm monitors the market value of the un- derlying securities that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and moni- tored on an ongoing basis to protect against declines in collat- eral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities bor- rowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices described above on resale and securities borrowed agreements , the firm did not hold any reserves for credit impairment on these agreements as of december 31 , 2010 and 2009 . for a further discussion of assets pledged and collateral received in securities financing agreements see note 31 on pages 280 2013 281 of this annual report. .
Question: what would the 2010 balance be in billions for securities purchased under resale agreements if the fair value resale agreements were excluded?
Answer: | 222.302 | what would the 2010 balance be in billions for securities purchased under resale agreements if the fair value resale agreements were excluded? |
finqa1008 | Please answer the given financial question based on the context.
Context: zimmer holdings , inc . 2013 form 10-k annual report notes to consolidated financial statements ( continued ) unrealized gains and losses on cash flow hedges , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions . treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of stockholders 2019 equity . we reissue common stock held in treasury only for limited purposes . noncontrolling interest 2013 in 2011 , we made an investment in a company in which we acquired a controlling financial interest , but not 100 percent of the equity . in 2013 , we purchased additional shares of the company from the minority shareholders . further information related to the noncontrolling interests of that investment has not been provided as it is not significant to our consolidated financial statements . accounting pronouncements 2013 effective january 1 , 2013 , we adopted the fasb 2019s accounting standard updates ( asus ) requiring reporting of amounts reclassified out of accumulated other comprehensive income ( oci ) and balance sheet offsetting between derivative assets and liabilities . these asus only change financial statement disclosure requirements and therefore do not impact our financial position , results of operations or cash flows . see note 12 for disclosures relating to oci . see note 13 for disclosures relating to balance sheet offsetting . there are no other recently issued accounting pronouncements that we have not yet adopted that are expected to have a material effect on our financial position , results of operations or cash flows . 3 . share-based compensation our share-based payments primarily consist of stock options , restricted stock , restricted stock units ( rsus ) , and an employee stock purchase plan . share-based compensation expense is as follows ( in millions ) : .
|for the years ended december 31,|2013|2012|2011|
|stock options|$ 24.7|$ 32.4|$ 41.7|
|rsus and other|23.8|22.6|18.8|
|total expense pre-tax|48.5|55.0|60.5|
|tax benefit related to awards|-15.6 ( 15.6 )|-16.6 ( 16.6 )|-17.8 ( 17.8 )|
|total expense net of tax|$ 32.9|$ 38.4|$ 42.7|
share-based compensation cost capitalized as part of inventory for the years ended december 31 , 2013 , 2012 and 2011 was $ 4.1 million , $ 6.1 million , and $ 8.8 million , respectively . as of december 31 , 2013 and 2012 , approximately $ 2.4 million and $ 3.3 million of capitalized costs remained in finished goods inventory . stock options we had two equity compensation plans in effect at december 31 , 2013 : the 2009 stock incentive plan ( 2009 plan ) and the stock plan for non-employee directors . the 2009 plan succeeded the 2006 stock incentive plan ( 2006 plan ) and the teamshare stock option plan ( teamshare plan ) . no further awards have been granted under the 2006 plan or under the teamshare plan since may 2009 , and shares remaining available for grant under those plans have been merged into the 2009 plan . vested and unvested stock options and unvested restricted stock and rsus previously granted under the 2006 plan , the teamshare plan and another prior plan , the 2001 stock incentive plan , remained outstanding as of december 31 , 2013 . we have reserved the maximum number of shares of common stock available for award under the terms of each of these plans . we have registered 57.9 million shares of common stock under these plans . the 2009 plan provides for the grant of nonqualified stock options and incentive stock options , long-term performance awards in the form of performance shares or units , restricted stock , rsus and stock appreciation rights . the compensation and management development committee of the board of directors determines the grant date for annual grants under our equity compensation plans . the date for annual grants under the 2009 plan to our executive officers is expected to occur in the first quarter of each year following the earnings announcements for the previous quarter and full year . the stock plan for non-employee directors provides for awards of stock options , restricted stock and rsus to non-employee directors . it has been our practice to issue shares of common stock upon exercise of stock options from previously unissued shares , except in limited circumstances where they are issued from treasury stock . the total number of awards which may be granted in a given year and/or over the life of the plan under each of our equity compensation plans is limited . at december 31 , 2013 , an aggregate of 10.4 million shares were available for future grants and awards under these plans . stock options granted to date under our plans generally vest over four years and generally have a maximum contractual life of 10 years . as established under our equity compensation plans , vesting may accelerate upon retirement after the first anniversary date of the award if certain criteria are met . we recognize expense related to stock options on a straight-line basis over the requisite service period , less awards expected to be forfeited using estimated forfeiture rates . due to the accelerated retirement provisions , the requisite service period of our stock options range from one to four years . stock options are granted with an exercise price equal to the market price of our common stock on the date of grant , except in limited circumstances where local law may dictate otherwise. .
Question: what was the percentage change in share-based compensation expense between 2011 and 2012?
Answer: | -0.1007 | what was the percentage change in share-based compensation expense between 2011 and 2012? |
finqa1009 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 74 jpmorgan chase & co./2017 annual report treasury and cio overview treasury and cio is 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 . treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , see note 5 . the investment securities portfolio primarily consists of agency and nonagency mortgage- backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2017 , the investment securities portfolio was $ 248.0 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . see note 10 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 92 201397 . for information on interest rate , foreign exchange and other risks , see market risk management on pages 121-128 . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2017 2016 2015 .
|as of or for the year ended december 31 ( in millions )|2017|2016|2015|
|securities gains/ ( losses )|$ -78 ( 78 )|$ 132|$ 190|
|afs investment securities ( average )|219345|226892|264758|
|htm investment securities ( average )|47927|51358|50044|
|investment securities portfolio ( average )|267272|278250|314802|
|afs investment securities ( period-end )|200247|236670|238704|
|htm investment securities ( period-end )|47733|50168|49073|
|investment securities portfolio ( period 2013end )|247980|286838|287777|
afs investment securities ( average ) 219345 226892 264758 htm investment securities ( average ) 47927 51358 50044 investment securities portfolio ( average ) 267272 278250 314802 afs investment securities ( period-end ) 200247 236670 238704 htm investment securities ( period-end ) 47733 50168 49073 investment securities portfolio ( period 2013end ) 247980 286838 287777 .
Question: in 2017 what was the ratio of the afs investment securities at period-end to the average
Answer: | 0.91293 | in 2017 what was the ratio of the afs investment securities at period-end to the average |
finqa1010 | Please answer the given financial question based on the context.
Context: note 9 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2009 are as follows ( in thousands ) : years ending december 31: .
|2010|$ 55178|
|2011|45275|
|2012|36841|
|2013|30789|
|2014|22094|
|thereafter|59263|
|future minimum lease payments|$ 249440|
rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively . we guarantee the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million . litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s . infringed on ford design patents . the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 . pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent . we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell . the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income . we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business . we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows . note 10 . business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired . greenleaf is the entity through which ssi operated its late model automotive parts recycling business . we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .
Question: what was the percentage change in rental expense for operating leases from 2008 to 2009?
Answer: | 0.16735 | what was the percentage change in rental expense for operating leases from 2008 to 2009? |
finqa1011 | Please answer the given financial question based on the context.
Context: entergy corporation notes to consolidated financial statements sale and leaseback transactions waterford 3 lease obligations in 1989 , entergy louisiana sold and leased back 9.3% ( 9.3 % ) of its interest in waterford 3 for the aggregate sum of $ 353.6 million . the lease has an approximate term of 28 years . the lessors financed the sale-leaseback through the issuance of waterford 3 secured lease obligation bonds . the lease payments made by entergy louisiana are sufficient to service the debt . in 1994 , entergy louisiana did not exercise its option to repurchase the 9.3% ( 9.3 % ) interest in waterford 3 . as a result , entergy louisiana issued $ 208.2 million of non-interest bearing first mortgage bonds as collateral for the equity portion of certain amounts payable under the lease . in 1997 , the lessors refinanced the outstanding bonds used to finance the purchase of waterford 3 at lower interest rates , which reduced the annual lease payments . upon the occurrence of certain events , entergy louisiana may be obligated to assume the outstanding bonds used to finance the purchase of the unit and to pay an amount sufficient to withdraw from the lease transaction . such events include lease events of default , events of loss , deemed loss events , or certain adverse "financial events." "financial events" include , among other things , failure by entergy louisiana , following the expiration of any applicable grace or cure period , to maintain ( i ) total equity capital ( including preferred stock ) at least equal to 30% ( 30 % ) of adjusted capitalization , or ( ii ) a fixed charge coverage ratio of at least 1.50 computed on a rolling 12 month basis . as of december 31 , 2003 , entergy louisiana's total equity capital ( including preferred stock ) was 49.82% ( 49.82 % ) of adjusted capitalization and its fixed charge coverage ratio for 2003 was 4.06 . as of december 31 , 2003 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows: .
||( in thousands )|
|2004|$ 31739|
|2005|14554|
|2006|18262|
|2007|18754|
|2008|22606|
|years thereafter|366514|
|total|472429|
|less : amount representing interest|209895|
|present value of net minimum lease payments|$ 262534|
grand gulf 1 lease obligations in december 1988 , system energy sold 11.5% ( 11.5 % ) of its undivided ownership interest in grand gulf 1 for the aggregate sum of $ 500 million . subsequently , system energy leased back its interest in the unit for a term of 26-1/2 years . system energy has the option of terminating the lease and repurchasing the 11.5% ( 11.5 % ) interest in the unit at certain intervals during the lease . furthermore , at the end of the lease term , system energy has the option of renewing the lease or repurchasing the 11.5% ( 11.5 % ) interest in grand gulf 1 . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant .
Question: what portion of the total future minimum lease payments for entergy louisiana is used for interest?
Answer: | 0.44429 | what portion of the total future minimum lease payments for entergy louisiana is used for interest? |
finqa1012 | Please answer the given financial question based on the context.
Context: part ii item 5 : market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities motorola 2019s common stock is listed on the new york and chicago stock exchanges . the number of stockholders of record of motorola common stock on january 31 , 2008 was 79907 . information regarding securities authorized for issuance under equity compensation plans is incorporated by reference to the information under the caption 201cequity compensation plan information 201d of motorola 2019s proxy statement for the 2008 annual meeting of stockholders . the remainder of the response to this item incorporates by reference note 16 , 201cquarterly and other financial data ( unaudited ) 201d of the notes to consolidated financial statements appearing under 201citem 8 : financial statements and supplementary data 201d . the following table provides information with respect to acquisitions by the company of shares of its common stock during the quarter ended december 31 , 2007 . issuer purchases of equity securities period ( a ) total number of shares purchased ( 1 ) ( 2 ) ( b ) average price paid per share ( 1 ) ( 3 ) ( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 ) ( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 ) .
|period|( a ) total number of shares purchased ( 1 ) ( 2 )|( b ) average price paid per share ( 1 ) ( 3 )|( c ) total number of shares purchased as part of publicly announced plans or programs ( 2 )|( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 2 )|
|9/30/07 to 10/26/07|2972951|$ 18.84|2964225|$ 4267375081|
|10/27/07 to 11/23/07|5709917|$ 17.23|5706600|$ 4169061854|
|11/24/07 to 12/31/07|25064045|$ 16.04|25064045|$ 3767061887|
|total|33746913|$ 16.49|33734870||
( 1 ) in addition to purchases under the 2006 stock repurchase program ( as defined below ) , included in this column are transactions under the company 2019s equity compensation plans involving the delivery to the company of 12043 shares of motorola common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to company employees . ( 2 ) through actions taken on july 24 , 2006 and march 21 , 2007 , the board of directors has authorized the company to repurchase an aggregate amount of up to $ 7.5 billion of its outstanding shares of common stock over a period ending in june 2009 , subject to market conditions ( the 201c2006 stock repurchase program 201d ) . ( 3 ) average price paid per share of common stock repurchased under the 2006 stock repurchase program is execution price , excluding commissions paid to brokers. .
Question: in 2007 what was the percent of the total number of shares purchased after 11/24/07
Answer: | 0.74271 | in 2007 what was the percent of the total number of shares purchased after 11/24/07 |
finqa1013 | Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2004 and 2003. .
|2004|high|low|
|quarter ended march 31|$ 13.12|$ 9.89|
|quarter ended june 30|16.00|11.13|
|quarter ended september 30|15.85|13.10|
|quarter ended december 31|18.75|15.19|
|2003|high|low|
|quarter ended march 31|$ 5.94|$ 3.55|
|quarter ended june 30|9.90|5.41|
|quarter ended september 30|11.74|8.73|
|quarter ended december 31|12.00|9.59|
on march 18 , 2005 , the closing price of our class a common stock was $ 18.79 per share as reported on the as of march 18 , 2005 , we had 230604932 outstanding shares of class a common stock and 743 registered holders . in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter . our charter prohibits the future issuance of shares of class b common stock . also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis . our charter permits the issuance of shares of class c common stock in the future . the information under 201csecurities authorized for issuance under equity compensation plans 201d from the definitive proxy statement is hereby incorporated by reference into item 12 of this annual report . dividends we have never paid a dividend on any class of common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 93 20448% ( 20448 % ) senior notes due 2009 , our 7.50% ( 7.50 % ) senior notes due 2012 , and our 7.125% ( 7.125 % ) senior notes due 2012 prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . our borrower subsidiaries are generally prohibited under the terms of the credit facility , subject to certain exceptions , from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests , except that , if no default exists or would be created thereby under the credit facility , our borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the credit facility within certain specified amounts and , in addition , may pay cash dividends or make other distributions to us in respect of our outstanding indebtedness and permitted future indebtedness . the indentures governing the 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and the 7.25% ( 7.25 % ) senior subordinated notes due 2011 of american towers , inc . ( ati ) , our principal operating subsidiary , prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain .
Question: for the quarter ended june 30 what was the percentage change in the share price from he lowest to the highest
Answer: | 0.43756 | for the quarter ended june 30 what was the percentage change in the share price from he lowest to the highest |
finqa1014 | Please answer the given financial question based on the context.
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2006 reconciliation of accumulated depreciation and amortization ( in thousands ) .
|balance december 31 2003|$ 514177|
|additions during period 2014depreciation and amortization expense|82551|
|deductions during period 2014disposition and retirements of property|-1390 ( 1390 )|
|balance december 31 2004|595338|
|additions during period 2014depreciation and amortization expense|83656|
|deductions during period 2014disposition and retirements of property|-15244 ( 15244 )|
|balance december 31 2005|663750|
|additions during period 2014depreciation and amortization expense|89564|
|deductions during period 2014disposition and retirements of property|-12807 ( 12807 )|
|balance december 31 2006|$ 740507|
.
Question: what was the percentual increase in the additions during 2004 and 2005?
Answer: | 0.01339 | what was the percentual increase in the additions during 2004 and 2005? |
finqa1015 | Please answer the given financial question based on the context.
Context: a reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: .
|( dollars in thousands )|2010|2009|2008|
|balance at january 1|$ 29010|$ 34366|$ 29132|
|additions based on tax positions related to the current year|7119|6997|5234|
|additions for tax positions of prior years|-|-|-|
|reductions for tax positions of prior years|-|-|-|
|settlements with taxing authorities|-12356 ( 12356 )|-12353 ( 12353 )|-|
|lapses of applicable statutes of limitations|-|-|-|
|balance at december 31|$ 23773|$ 29010|$ 34366|
the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized . in 2010 , the company favorably settled a 2003 and 2004 irs audit . the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand . in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit . the company is no longer subject to u.s . federal , state and local or foreign income tax examinations by tax authorities for years before 2007 . the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes . during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties . included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit . the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date . for u.s . income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 . in addition , for u.s . income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire . management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented . tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. .
Question: what was the total gross amount of money that the company received from their favorable audit?
Answer: | 32885.0 | what was the total gross amount of money that the company received from their favorable audit? |
finqa1016 | 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: what is the percentage change in the r&d expenses from 2015 to 2016?
Answer: | -0.01047 | what is the percentage change in the r&d expenses from 2015 to 2016? |
finqa1017 | Please answer the given financial question based on the context.
Context: icos corporation on january 29 , 2007 , we acquired all of the outstanding common stock of icos corporation ( icos ) , our partner in the lilly icos llc joint venture for the manufacture and sale of cialis for the treatment of erectile dysfunction . the acquisition brought the full value of cialis to us and enabled us to realize operational effi ciencies in the further development , marketing , and selling of this product . the aggregate cash purchase price of approximately $ 2.3 bil- lion was fi nanced through borrowings . the acquisition has been accounted for as a business combination under the purchase method of accounting , resulting in goodwill of $ 646.7 million . no portion of this goodwill was deductible for tax purposes . we determined the following estimated fair values for the assets acquired and liabilities assumed as of the date of acquisition . estimated fair value at january 29 , 2007 .
|cash and short-term investments|$ 197.7|
|developed product technology ( cialis ) 1|1659.9|
|tax benefit of net operating losses|404.1|
|goodwill|646.7|
|long-term debt assumed|-275.6 ( 275.6 )|
|deferred taxes|-583.5 ( 583.5 )|
|other assets and liabilities 2014 net|-32.1 ( 32.1 )|
|acquired in-process research and development|303.5|
|total purchase price|$ 2320.7|
1this intangible asset will be amortized over the remaining expected patent lives of cialis in each country ; patent expiry dates range from 2015 to 2017 . new indications for and formulations of the cialis compound in clinical testing at the time of the acquisition represented approximately 48 percent of the estimated fair value of the acquired ipr&d . the remaining value of acquired ipr&d represented several other products in development , with no one asset comprising a signifi cant por- tion of this value . the discount rate we used in valuing the acquired ipr&d projects was 20 percent , and the charge for acquired ipr&d of $ 303.5 million recorded in the fi rst quarter of 2007 was not deductible for tax purposes . other acquisitions during the second quarter of 2007 , we acquired all of the outstanding stock of both hypnion , inc . ( hypnion ) , a privately held neuroscience drug discovery company focused on sleep disorders , and ivy animal health , inc . ( ivy ) , a privately held applied research and pharmaceutical product development company focused on the animal health industry , for $ 445.0 million in cash . the acquisition of hypnion provided us with a broader and more substantive presence in the area of sleep disorder research and ownership of hy10275 , a novel phase ii compound with a dual mechanism of action aimed at promoting better sleep onset and sleep maintenance . this was hypnion 2019s only signifi cant asset . for this acquisi- tion , we recorded an acquired ipr&d charge of $ 291.1 million , which was not deductible for tax purposes . because hypnion was a development-stage company , the transaction was accounted for as an acquisition of assets rather than as a business combination and , therefore , goodwill was not recorded . the acquisition of ivy provides us with products that complement those of our animal health business . this acquisition has been accounted for as a business combination under the purchase method of accounting . we allocated $ 88.7 million of the purchase price to other identifi able intangible assets , primarily related to marketed products , $ 37.0 million to acquired ipr&d , and $ 25.0 million to goodwill . the other identifi able intangible assets are being amortized over their estimated remaining useful lives of 10 to 20 years . the $ 37.0 million allocated to acquired ipr&d was charged to expense in the second quarter of 2007 . goodwill resulting from this acquisition was fully allocated to the animal health business segment . the amount allocated to each of the intangible assets acquired , including goodwill of $ 25.0 million and the acquired ipr&d of $ 37.0 million , was deductible for tax purposes . product acquisitions in june 2008 , we entered into a licensing and development agreement with transpharma medical ltd . ( trans- pharma ) to acquire rights to its product and related drug delivery system for the treatment of osteoporosis . the product , which is administered transdermally using transpharma 2019s proprietary technology , was in phase ii clinical testing , and had no alternative future use . under the arrangement , we also gained non-exclusive access to trans- pharma 2019s viaderm drug delivery system for the product . as with many development-phase products , launch of the .
Question: at january 29 , 2007 what was the percent of the estimated fair value of tax benefit of net operating losses to the total purchase price
Answer: | 0.17413 | at january 29 , 2007 what was the percent of the estimated fair value of tax benefit of net operating losses to the total purchase price |
finqa1018 | Please answer the given financial question based on the context.
Context: discount rate 2014the assumed discount rate is used to determine the current retirement related benefit plan expense and obligations , and represents the interest rate that is used to determine the present value of future cash flows currently expected to be required to effectively settle a plan 2019s benefit obligations . the discount rate assumption is determined for each plan by constructing a portfolio of high quality bonds with cash flows that match the estimated outflows for future benefit payments to determine a single equivalent discount rate . benefit payments are not only contingent on the terms of a plan , but also on the underlying participant demographics , including current age , and assumed mortality . we use only bonds that are denominated in u.s . dollars , rated aa or better by two of three nationally recognized statistical rating agencies , have a minimum outstanding issue of $ 50 million as of the measurement date , and are not callable , convertible , or index linked . since bond yields are generally unavailable beyond 30 years , we assume those rates will remain constant beyond that point . taking into consideration the factors noted above , our weighted average discount rate for pensions was 5.23% ( 5.23 % ) and 5.84% ( 5.84 % ) , as of december 31 , 2011 and 2010 , respectively . our weighted average discount rate for other postretirement benefits was 4.94% ( 4.94 % ) and 5.58% ( 5.58 % ) as of december 31 , 2011 and 2010 , respectively . expected long-term rate of return 2014the expected long-term rate of return on assets is used to calculate net periodic expense , and is based on such factors as historical returns , targeted asset allocations , investment policy , duration , expected future long-term performance of individual asset classes , inflation trends , portfolio volatility , and risk management strategies . while studies are helpful in understanding current trends and performance , the assumption is based more on longer term and prospective views . in order to reflect expected lower future market returns , we have reduced the expected long-term rate of return assumption from 8.50% ( 8.50 % ) , used to record 2011 expense , to 8.00% ( 8.00 % ) for 2012 . the decrease in the expected return on assets assumption is primarily related to lower bond yields and updated return assumptions for equities . unless plan assets and benefit obligations are subject to remeasurement during the year , the expected return on pension assets is based on the fair value of plan assets at the beginning of the year . an increase or decrease of 25 basis points in the discount rate and the expected long-term rate of return assumptions would have had the following approximate impacts on pensions : ( $ in millions ) increase ( decrease ) in 2012 expense increase ( decrease ) in december 31 , 2011 obligations .
|( $ in millions )|increase ( decrease ) in 2012 expense|increase ( decrease ) in december 31 2011 obligations|
|25 basis point decrease in discount rate|$ 18|$ 146|
|25 basis point increase in discount rate|-17 ( 17 )|-154 ( 154 )|
|25 basis point decrease in expected return on assets|8|n.a .|
|25 basis point increase in expected return on assets|-8 ( 8 )|n.a .|
differences arising from actual experience or changes in assumptions might materially affect retirement related benefit plan obligations and the funded status . actuarial gains and losses arising from differences from actual experience or changes in assumptions are deferred in accumulated other comprehensive income . this unrecognized amount is amortized to the extent it exceeds 10% ( 10 % ) of the greater of the plan 2019s benefit obligation or plan assets . the amortization period for actuarial gains and losses is the estimated average remaining service life of the plan participants , which is approximately 10 years . cas expense 2014in addition to providing the methodology for calculating retirement related benefit plan costs , cas also prescribes the method for assigning those costs to specific periods . while the ultimate liability for such costs under fas and cas is similar , the pattern of cost recognition is different . the key drivers of cas pension expense include the funded status and the method used to calculate cas reimbursement for each of our plans as well as our expected long-term rate of return on assets assumption . unlike fas , cas requires the discount rate to be consistent with the expected long-term rate of return on assets assumption , which changes infrequently given its long-term nature . as a result , changes in bond or other interest rates generally do not impact cas . in addition , unlike under fas , we can only allocate pension costs for a plan under cas until such plan is fully funded as determined under erisa requirements . other fas and cas considerations 2014we update our estimates of future fas and cas costs at least annually based on factors such as calendar year actual plan asset returns , final census data from the end of the prior year , and other actual and projected experience . a key driver of the difference between fas and cas expense ( and consequently , the fas/cas adjustment ) is the pattern of earnings and expense recognition for gains and losses that arise when our asset and liability experiences differ from our assumptions under each set of requirements . under fas , our net gains and losses exceeding the 10% ( 10 % ) corridor are amortized .
Question: what is the percentage change in the weighted average discount rate for pensions from 2010 to 2011?
Answer: | -0.10445 | what is the percentage change in the weighted average discount rate for pensions from 2010 to 2011? |
finqa1019 | Please answer the given financial question based on the context.
Context: there are inherent limitations on the effectiveness of our controls . we do not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud . a control system , no matter how well-designed and operated , can provide only reasonable , not absolute , assurance that the control system 2019s objectives will be met . the design of a control system must reflect the fact that resource constraints exist , and the benefits of controls must be considered relative to their costs . further , because of the inherent limitations in all control systems , no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud , if any , have been detected . the design of any system of controls is based in part on certain assumptions about the likelihood of future events , and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions . projections of any evaluation of the effectiveness of controls to future periods are subject to risks . over time , controls may become inadequate due to changes in conditions or deterioration in the degree of compliance with policies or procedures . if our controls become inadequate , we could fail to meet our financial reporting obligations , our reputation may be adversely affected , our business and operating results could be harmed , and the market price of our stock could decline . item 1b . unresolved staff comments not applicable . item 2 . properties as of december 31 , 2016 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.5 19.2 50.7 leased facilities2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.5 7.1 9.6 .
|( square feet in millions )|unitedstates|othercountries|total|
|owned facilities1|31.5|19.2|50.7|
|leased facilities2|2.5|7.1|9.6|
|total facilities|34.0|26.3|60.3|
1 leases and municipal grants on portions of the land used for these facilities expire on varying dates through 2109 . 2 leases expire on varying dates through 2058 and generally include renewals at our option . our principal executive offices are located in the u.s . and the majority of our wafer manufacturing activities in 2016 were also located in the u.s . one of our arizona wafer fabrication facilities is currently on hold and held in a safe state , and we are reserving the building for additional capacity and future technologies . incremental construction and equipment installation are required to ready the facility for its intended use . for more information on our wafer fabrication and our assembly and test facilities , see 201cmanufacturing and assembly and test 201d in part i , item 1 of this form 10-k . we believe that the facilities described above are suitable and adequate for our present purposes and that the productive capacity in our facilities is substantially being utilized or we have plans to utilize it . we do not identify or allocate assets by operating segment . for information on net property , plant and equipment by country , see 201cnote 4 : operating segments and geographic information 201d in part ii , item 8 of this form 10-k . item 3 . legal proceedings for a discussion of legal proceedings , see 201cnote 20 : commitments and contingencies 201d in part ii , item 8 of this form 10-k . item 4 . mine safety disclosures not applicable. .
Question: what is the percent of the of the owned facilities square feet to the total square feet in the united states
Answer: | 0.92647 | what is the percent of the of the owned facilities square feet to the total square feet in the united states |
finqa1020 | Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements loss on retirement of long-term obligations 2014loss on retirement of long-term obligations primarily includes cash paid to retire debt in excess of its carrying value , cash paid to holders of convertible notes in connection with note conversions and non-cash charges related to the write-off of deferred financing fees . loss on retirement of long-term obligations also includes gains from repurchasing or refinancing certain of the company 2019s debt obligations . earnings per common share 2014basic and diluted 2014basic income from continuing operations per common share for the years ended december 31 , 2012 , 2011 and 2010 represents income from continuing operations attributable to american tower corporation divided by the weighted average number of common shares outstanding during the period . diluted income from continuing operations per common share for the years ended december 31 , 2012 , 2011 and 2010 represents income from continuing operations attributable to american tower corporation divided by the weighted average number of common shares outstanding during the period and any dilutive common share equivalents , including unvested restricted stock , shares issuable upon exercise of stock options and warrants as determined under the treasury stock method and upon conversion of the company 2019s convertible notes , as determined under the if-converted method . retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements . the company 2019s matching contribution for the years ended december 31 , 2012 , 2011 and 2010 is 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions . for the years ended december 31 , 2012 , 2011 and 2010 , the company contributed approximately $ 4.4 million , $ 2.9 million and $ 1.9 million to the plan , respectively . 2 . prepaid and other current assets prepaid and other current assets consist of the following as of december 31 , ( in thousands ) : .
||2012|2011 ( 1 )|
|prepaid income tax|$ 57665|$ 31384|
|prepaid operating ground leases|56916|49585|
|value added tax and other consumption tax receivables|22443|81276|
|prepaid assets|19037|28031|
|other miscellaneous current assets|66790|59997|
|balance as of december 31,|$ 222851|$ 250273|
( 1 ) december 31 , 2011 balances have been revised to reflect purchase accounting measurement period adjustments. .
Question: for 2012 , tax related assets were how much of total current assets and prepaids?\\n\\n
Answer: | 0.35947 | for 2012 , tax related assets were how much of total current assets and prepaids?\\n\\n |
finqa1021 | Please answer the given financial question based on the context.
Context: table of contents other areas in which we do business . depending on the scope of such regulation , certain of our facilities and operations , or the operations of our suppliers , may be subject to additional operating and other permit requirements , potentially resulting in increased operating costs . future regulatory developments future regulatory developments and actions could affect operations and increase operating costs for the airline industry , including our airline subsidiaries . see part i , item 1a . risk factors 2013 201cif we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and , at some airports , adequate slots , we may be unable to operate our existing flight schedule and to expand or change our route network in the future , which may have a material adverse impact on our operations , 201d 201cour business is subject to extensive government regulation , which may result in increases in our costs , disruptions to our operations , limits on our operating flexibility , reductions in the demand for air travel , and competitive disadvantages 201d and 201cwe are subject to many forms of environmental regulation and may incur substantial costs as a result 201d for additional information . employees and labor relations the airline business is labor intensive . in 2015 , salaries , wages and benefits were our largest expenses and represented approximately 31% ( 31 % ) of our operating expenses . the table below presents our approximate number of active full-time equivalent employees as of december 31 , 2015 . mainline operations wholly-owned regional carriers total .
||mainline operations|wholly-owned regional carriers|total|
|pilots and flight crew training instructors|13100|3200|16300|
|flight attendants|24100|1900|26000|
|maintenance personnel|14400|1800|16200|
|fleet service personnel|16100|3200|19300|
|passenger service personnel|16500|7100|23600|
|administrative and other|14700|2400|17100|
|total|98900|19600|118500|
.
Question: what percentage of total active full-time equivalent employees consisted of passenger service personnel?
Answer: | 0.19916 | what percentage of total active full-time equivalent employees consisted of passenger service personnel? |
finqa1022 | Please answer the given financial question based on the context.
Context: 2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share .
||shares|average grant datefair value per share|
|beginning of year|4999|$ 50.33|
|granted|2295|$ 63.79|
|earned/vested|-310 ( 310 )|$ 51.27|
|canceled|-86 ( 86 )|$ 56.53|
|end of year|6898|$ 54.69|
total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: with no additional approvals if the rate of issuance under the restricted stock plan for non-management directors continues how many years of stock to issue remain?
Answer: | 11.21302 | with no additional approvals if the rate of issuance under the restricted stock plan for non-management directors continues how many years of stock to issue remain? |
finqa1023 | Please answer the given financial question based on the context.
Context: of these options during fiscal 2010 , fiscal 2009 and fiscal 2008 was $ 240.4 million , $ 15.1 million and $ 100.6 mil- lion , respectively . the total grant-date fair value of stock options that vested during fiscal 2010 , fiscal 2009 and fiscal 2008 was approximately $ 67.2 million , $ 73.6 million and $ 77.6 million , respectively . proceeds from stock option exercises pursuant to employee stock plans in the company 2019s statement of cash flows of $ 216.1 million , $ 12.4 million and $ 94.2 million for fiscal 2010 , fiscal 2009 and fiscal 2008 , respectively , are net of the value of shares surrendered by employees in certain limited circumstances to satisfy the exercise price of options , and to satisfy employee tax obligations upon vesting of restricted stock or restricted stock units and in connection with the exercise of stock options granted to the company 2019s employees under the company 2019s equity compensation plans . the withholding amount is based on the company 2019s minimum statutory withholding requirement . a summary of the company 2019s restricted stock unit award activity as of october 30 , 2010 and changes during the year then ended is presented below : restricted outstanding weighted- average grant- date fair value per share .
||restricted stock units outstanding|weighted- average grant- date fair value per share|
|restricted stock units outstanding at october 31 2009|135|$ 22.19|
|units granted|1171|$ 28.86|
|restrictions lapsed|-19 ( 19 )|$ 24.70|
|units forfeited|-22 ( 22 )|$ 29.10|
|restricted stock units outstanding at october 30 2010|1265|$ 28.21|
as of october 30 , 2010 there was $ 95 million of total unrecognized compensation cost related to unvested share-based awards comprised of stock options and restricted stock units . that cost is expected to be recognized over a weighted-average period of 1.4 years . common stock repurchase program the company 2019s common stock repurchase program has been in place since august 2004 . in the aggregate , the board of directors has authorized the company to repurchase $ 4 billion of the company 2019s common stock under the program . under the program , the company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions . unless terminated earlier by resolution of the company 2019s board of directors , the repurchase program will expire when the company has repurchased all shares authorized under the program . as of october 30 , 2010 , the company had repurchased a total of approximately 116.0 million shares of its common stock for approximately $ 3948.2 million under this program . an additional $ 51.8 million remains available for repurchase of shares under the current authorized program . the repurchased shares are held as authorized but unissued shares of common stock . any future common stock repurchases will be dependent upon several factors including the amount of cash available to the company in the united states , and the company 2019s financial performance , outlook and liquidity . the company also from time to time repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock or restricted stock units , or in certain limited circumstances to satisfy the exercise price of options granted to the company 2019s employees under the company 2019s equity compensation plans . preferred stock the company has 471934 authorized shares of $ 1.00 par value preferred stock , none of which is issued or outstanding . the board of directors is authorized to fix designations , relative rights , preferences and limitations on the preferred stock at the time of issuance . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what is the total value of restricted stock units outstanding at october 30 , 2010?
Answer: | 35685.65 | what is the total value of restricted stock units outstanding at october 30 , 2010? |
finqa1024 | Please answer the given financial question based on the context.
Context: interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 6 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) .
|2017|$ 114857|
|2018|127504|
|2019|136040|
|2020|133092|
|2021|122753|
|2022 and thereafter|788180|
|total future minimum lease payments|$ 1422426|
included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what was the percentage change in rent expenses included in selling , general and administrative expense from 2014 to 2015?
Answer: | 0.40678 | what was the percentage change in rent expenses included in selling , general and administrative expense from 2014 to 2015? |
finqa1025 | 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 ) : .
||2012|2011|2010|
|net income|$ 807|$ 3804|$ 3338|
|non-cash operating activities ( a )|7301|4505|4398|
|pension and postretirement plan contributions ( ups-sponsored plans )|-917 ( 917 )|-1436 ( 1436 )|-3240 ( 3240 )|
|income tax receivables and payables|280|236|-319 ( 319 )|
|changes in working capital and other noncurrent assets and liabilities|-148 ( 148 )|-12 ( 12 )|-340 ( 340 )|
|other operating activities|-107 ( 107 )|-24 ( 24 )|-2 ( 2 )|
|net cash from operating activities|$ 7216|$ 7073|$ 3835|
( 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 2010 to 2012 time period . operating cash flow was favorably impacted in 2012 , compared with 2011 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by changes in our working capital position , which was impacted by overall growth in the business . the change in the cash flows for income tax receivables and payables in 2011 and 2010 was primarily related to the timing of discretionary pension contributions during 2010 , as discussed further in the following paragraph . 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 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 in 2010 , we made $ 2.0 billion in discretionary contributions to our ups retirement and ups pension plans , and $ 980 million in required contributions to our ups ibt pension plan . 2022 the remaining contributions in the 2010 through 2012 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 , 2012 , the total of our worldwide holdings of cash and cash equivalents was $ 7.327 billion . approximately $ 4.211 billion of this amount was held in european subsidiaries with the intended purpose of completing the acquisition of tnt express n.v . ( see note 16 to the consolidated financial statements ) . excluding this portion of cash held outside the u.s . for acquisition-related purposes , approximately 50%-60% ( 50%-60 % ) of the remaining cash and cash equivalents are 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 was the percentage change in net cash from operating activities from 2011 to 2012?
Answer: | 0.02022 | what was the percentage change in net cash from operating activities from 2011 to 2012? |
finqa1026 | Please answer the given financial question based on the context.
Context: analog devices , inc . notes to consolidated financial statements 2014 ( continued ) the following is a schedule of future minimum rental payments required under long-term operating leases at october 31 , operating fiscal years leases .
|fiscal years|operating leases|
|2016|$ 21780|
|2017|16305|
|2018|8670|
|2019|4172|
|2020|3298|
|later years|5263|
|total|$ 59488|
12 . commitments and contingencies from time to time , in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes . as to such claims and litigation , the company can give no assurance that it will prevail . the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows . 13 . retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees . the company maintains a defined contribution plan for the benefit of its eligible u.s . employees . this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation . in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation . the total expense related to the defined contribution plan for u.s . employees was $ 26.3 million in fiscal 2015 , $ 24.1 million in fiscal 2014 and $ 23.1 million in fiscal 2013 . the company also has various defined benefit pension and other retirement plans for certain non-u.s . employees that are consistent with local statutory requirements and practices . the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s . employees , excluding settlement charges related to the company's irish defined benefit plan , was $ 33.3 million in fiscal 2015 , $ 29.8 million in fiscal 2014 and $ 26.5 million in fiscal 2013 . non-u.s . plan disclosures during fiscal 2015 , the company converted the benefits provided to participants in the company 2019s irish defined benefits pension plan ( the db plan ) to benefits provided under the company 2019s irish defined contribution plan . as a result , in fiscal 2015 the company recorded expenses of $ 223.7 million , including settlement charges , legal , accounting and other professional fees to settle the pension obligation . the assets related to the db plan were liquidated and used to purchase annuities for retirees and distributed to active and deferred members' accounts in the company's irish defined contribution plan in connection with the plan conversion . accordingly , plan assets for the db plan were zero as of the end of fiscal 2015 . the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country . the plans 2019 assets consist primarily of u.s . and non-u.s . equity securities , bonds , property and cash . the benefit obligations and related assets under these plans have been measured at october 31 , 2015 and november 1 , 2014 . components of net periodic benefit cost net annual periodic pension cost of non-u.s . plans is presented in the following table: .
Question: what portion of the future minimum rental payments is due after 5 years?
Answer: | 0.08847 | what portion of the future minimum rental payments is due after 5 years? |
finqa1027 | Please answer the given financial question based on the context.
Context: interest-earning assets including unearned income in the accretion of fair value adjustments on discounts recognized on acquired or purchased loans is recognized based on the constant effective yield of the financial instrument . the timing and amount of revenue that we recognize in any period is dependent on estimates , judgments , assumptions , and interpretation of contractual terms . changes in these factors can have a significant impact on revenue recognized in any period due to changes in products , market conditions or industry norms . residential and commercial mortgage servicing rights we elect to measure our residential mortgage servicing rights ( msrs ) at fair value . this election was made to be consistent with our risk management strategy to hedge changes in the fair value of these assets as described below . the fair value of residential msrs is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows , taking into consideration actual and expected mortgage loan prepayment rates , discount rates , servicing costs , and other economic factors which are determined based on current market conditions . assumptions incorporated into the residential msrs valuation model reflect management 2019s best estimate of factors that a market participant would use in valuing the residential msrs . although sales of residential msrs do occur , residential msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . as a benchmark for the reasonableness of its residential msrs fair value , pnc obtains opinions of value from independent parties ( 201cbrokers 201d ) . these brokers provided a range ( +/- 10 bps ) based upon their own discounted cash flow calculations of our portfolio that reflected conditions in the secondary market , and any recently executed servicing transactions . pnc compares its internally-developed residential msrs value to the ranges of values received from the brokers . if our residential msrs fair value falls outside of the brokers 2019 ranges , management will assess whether a valuation adjustment is warranted . for 2011 and 2010 , pnc 2019s residential msrs value has not fallen outside of the brokers 2019 ranges . we consider our residential msrs value to represent a reasonable estimate of fair value . commercial msrs are purchased or originated when loans are sold with servicing retained . commercial msrs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available . commercial msrs are initially recorded at fair value and are subsequently accounted for at the lower of amortized cost or fair value . commercial msrs are periodically evaluated for impairment . for purposes of impairment , the commercial mortgage servicing rights are stratified based on asset type , which characterizes the predominant risk of the underlying financial asset . the fair value of commercial msrs is estimated by using an internal valuation model . the model calculates the present value of estimated future net servicing cash flows considering estimates of servicing revenue and costs , discount rates and prepayment speeds . pnc employs risk management strategies designed to protect the value of msrs from changes in interest rates and related market factors . residential msrs values are economically hedged with securities and derivatives , including interest-rate swaps , options , and forward mortgage-backed and futures contracts . as interest rates change , these financial instruments are expected to have changes in fair value negatively correlated to the change in fair value of the hedged residential msrs portfolio . the hedge relationships are actively managed in response to changing market conditions over the life of the residential msrs assets . commercial msrs are economically hedged at a macro level or with specific derivatives to protect against a significant decline in interest rates . selecting appropriate financial instruments to economically hedge residential or commercial msrs requires significant management judgment to assess how mortgage rates and prepayment speeds could affect the future values of msrs . hedging results can frequently be less predictable in the short term , but over longer periods of time are expected to protect the economic value of the msrs . the fair value of residential and commercial msrs and significant inputs to the valuation model as of december 31 , 2011 are shown in the tables below . the expected and actual rates of mortgage loan prepayments are significant factors driving the fair value . management uses a third-party model to estimate future residential loan prepayments and internal proprietary models to estimate future commercial loan prepayments . these models have been refined based on current market conditions . future interest rates are another important factor in the valuation of msrs . management utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates . the forward rates utilized are derived from the current yield curve for u.s . dollar interest rate swaps and are consistent with pricing of capital markets instruments . changes in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate . residential mortgage servicing rights dollars in millions december 31 december 31 .
|dollars in millions|december 31 2011|december 312010|
|fair value|$ 647|$ 1033|
|weighted-average life ( in years ) ( a )|3.6|5.8|
|weighted-average constant prepayment rate ( a )|22.10% ( 22.10 % )|12.61% ( 12.61 % )|
|weighted-average option adjusted spread|11.77% ( 11.77 % )|12.18% ( 12.18 % )|
weighted-average constant prepayment rate ( a ) 22.10% ( 22.10 % ) 12.61% ( 12.61 % ) weighted-average option adjusted spread 11.77% ( 11.77 % ) 12.18% ( 12.18 % ) ( a ) changes in weighted-average life and weighted-average constant prepayment rate reflect the cumulative impact of changes in rates , prepayment expectations and model changes . the pnc financial services group , inc . 2013 form 10-k 65 .
Question: in millions , what is the average msr fair value for 2010 and 2011?
Answer: | 840.0 | in millions , what is the average msr fair value for 2010 and 2011? |
finqa1028 | Please answer the given financial question based on the context.
Context: recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees . 2022 professional fees and outside services expense decreased in 2017 compared to 2016 , largely due to higher legal and regulatory fees in 2016 related to our business activities and product offerings as well as higher professional fees related to a greater reliance on consultants for security and systems enhancement work . the overall decrease in operating expenses in 2017 when compared with 2016 was partially offset by the following increases : 2022 licensing and other fee sharing agreements expense increased due to higher expense resulting from incentive payments made to facilitate the transition of the russell contract open interest , as well as increased costs of revenue sharing agreements for certain licensed products . the overall increase in 2017 was partially offset by lower expense related to revenue sharing agreements for certain equity and energy contracts due to lower volume for these products compared to 2016 . 2022 compensation and benefits expense increased as a result of higher average headcount primarily in our international locations as well as normal cost of living adjustments . 2016 compared with 2015 operating expenses increased by $ 54.4 million in 2016 when compared with 2015 . the following table shows the estimated impact of key factors resulting in the net decrease in operating expenses . ( dollars in millions ) over-year change change as a percentage of 2015 expenses .
|( dollars in millions )|year-over-yearchange|change as apercentage of2015 expenses|
|loss on datacenter and related legal fees|$ 28.6|2% ( 2 % )|
|professional fees and outside services|24.4|2|
|foreign currency exchange rate fluctuation|13.2|1|
|licensing and other fee agreements|12.0|1|
|reorganization severance and retirement costs|-8.1 ( 8.1 )|-1 ( 1 )|
|real estate taxes and fees|-10.0 ( 10.0 )|-1 ( 1 )|
|other expenses net|-5.7 ( 5.7 )|2014|
|total|$ 54.4|4% ( 4 % )|
overall operating expenses increased in 2016 when compared with 2015 due to the following reasons : 2022 in 2016 , we recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees as a result of our sale and leaseback of our datacenter . 2022 professional fees and outside services expense increased in 2016 largely due to an increase in legal and regulatory efforts related to our business activities and product offerings as well as an increase in professional fees related to a greater reliance on consultants for security and systems enhancement work . 2022 in 2016 , we recognized a net loss of $ 24.5 million due to an unfavorable change in exchange rates on foreign cash balances , compared with a net loss of $ 11.3 million in 2015 . 2022 licensing and other fee sharing agreements expense increased due to higher expense related to revenue sharing agreements for certain equity and energy contracts due to both higher volume and an increase in license rates for certain equity and energy products. .
Question: what was the loss on datacenter and related legal fees in 2015 in millions dollars?
Answer: | 1430.0 | what was the loss on datacenter and related legal fees in 2015 in millions dollars? |
finqa1029 | Please answer the given financial question based on the context.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index . the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model . the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively . earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date . earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates . all performance awards are subject to earlier vesting in full under certain conditions . compensation cost for performance-based shares is initially estimated based on target performance . it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period . at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years . note 17 2014commitments and contingencies commitments . the company leases certain premises and equipment throughout the world with varying expiration dates . the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively . future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: .
|( in millions )|2014|2015|2016|2017|2018|thereafter|total|
|operating leases|$ 100|$ 77|$ 43|$ 35|$ 20|$ 82|$ 357|
|marketing and sponsorships|116|117|61|54|54|178|580|
|total|$ 216|$ 194|$ 104|$ 89|$ 74|$ 260|$ 937|
select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract . for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent . in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring . the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company . client incentives . the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions . these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements . these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients . payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet . client incentives are recognized primarily as a reduction .
Question: what is the percent increase in rent expense from 2012 to 2013?
Answer: | 0.05618 | what is the percent increase in rent expense from 2012 to 2013? |
finqa1030 | 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 future minimum lease payments is due within the next 12 months?
Answer: | 0.05263 | what portion of the future minimum lease payments is due within the next 12 months? |
finqa1031 | Please answer the given financial question based on the context.
Context: entergy new orleans , inc . management's financial discussion and analysis results of operations net income ( loss ) 2004 compared to 2003 net income increased $ 20.2 million primarily due to higher net revenue . 2003 compared to 2002 entergy new orleans had net income of $ 7.9 million in 2003 compared to a net loss in 2002 . the increase was due to higher net revenue and lower interest expense , partially offset by higher other operation and maintenance expenses and depreciation and amortization expenses . net revenue 2004 compared to 2003 net revenue , which is entergy new orleans' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2004 to 2003. .
||( in millions )|
|2003 net revenue|$ 208.3|
|base rates|10.6|
|volume/weather|8.3|
|2004 deferrals|7.5|
|price applied to unbilled electric sales|3.7|
|other|0.6|
|2004 net revenue|$ 239.0|
the increase in base rates was effective june 2003 . the rate increase is discussed in note 2 to the domestic utility companies and system energy financial statements . the volume/weather variance is primarily due to increased billed electric usage of 162 gwh in the industrial service sector . the increase was partially offset by milder weather in the residential and commercial sectors . the 2004 deferrals variance is due to the deferral of voluntary severance plan and fossil plant maintenance expenses in accordance with a stipulation approved by the city council in august 2004 . the stipulation allows for the recovery of these costs through amortization of a regulatory asset . the voluntary severance plan and fossil plant maintenance expenses are being amortized over a five-year period that became effective january 2004 and january 2003 , respectively . the formula rate plan is discussed in note 2 to the domestic utility companies and system energy financial statements . the price applied to unbilled electric sales variance is due to an increase in the fuel price applied to unbilled sales. .
Question: what portion of the net change in net revenue during 2004 occurred due to the volume/weather?
Answer: | 0.27036 | what portion of the net change in net revenue during 2004 occurred due to the volume/weather? |
finqa1032 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 164 jpmorgan chase & co./2013 annual report firm ) is required to hold more than the additional 2.5% ( 2.5 % ) of tier 1 common . in addition , basel iii establishes a 6.5% ( 6.5 % ) tier i common equity standard for the definition of 201cwell capitalized 201d under the prompt corrective action ( 201cpca 201d ) requirements of the fdic improvement act ( 201cfdicia 201d ) . the tier i common equity standard is effective from the first quarter of 2015 . the following chart presents the basel iii minimum risk-based capital ratios during the transitional periods and on a fully phased-in basis . the chart also includes management 2019s target for the firm 2019s tier 1 common ratio . it is the firm 2019s current expectation that its basel iii tier 1 common ratio will exceed the regulatory minimums , both during the transition period and upon full implementation in 2019 and thereafter . the firm estimates that its tier 1 common ratio under the basel iii advanced approach on a fully phased-in basis would be 9.5% ( 9.5 % ) as of december 31 , 2013 , achieving management 2019s previously stated objectives . the tier 1 common ratio as calculated under the basel iii standardized approach is estimated at 9.4% ( 9.4 % ) as of december 31 , 2013 . the tier 1 common ratio under both basel i and basel iii are non-gaap financial measures . however , such measures are used by bank regulators , investors and analysts to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies . the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under the advanced approach of the basel iii rules , along with the firm 2019s estimated risk-weighted assets . key differences in the calculation of rwa between basel i and basel iii advanced approach include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk- weightings which vary only by counterparty type and asset class ; and ( 2 ) basel iii includes rwa for operational risk , whereas basel i does not . operational risk capital takes into consideration operational losses in the quarter following the period in which those losses were realized , and the calculation generally incorporates such losses irrespective of whether the issues or business activity giving rise to the losses have been remediated or reduced . the firm 2019s operational risk capital model continues to be refined in conjunction with the firm 2019s basel iii advanced approach parallel run . as a result of model enhancements in 2013 , as well as taking into consideration the legal expenses incurred by the firm in 2013 , the firm 2019s operational risk capital increased substantially in 2013 over 2012 . tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of accumulated other comprehensive income ( 201caoci 201d ) related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans . december 31 , 2013 ( in millions , except ratios ) .
|tier 1 common under basel i rules|$ 148887|
|adjustments related to aoci for afs securities and defined benefit pension and opeb plans|1474|
|add back of basel i deductions ( a )|1780|
|deduction for deferred tax asset related to net operating loss and foreign tax credit carryforwards|-741 ( 741 )|
|all other adjustments|-198 ( 198 )|
|estimated tier 1 common under basel iii rules|$ 151202|
|estimated risk-weighted assets under basel iii advanced approach ( b )|$ 1590873|
|estimated tier 1 common ratio under basel iii advanced approach ( c )|9.5% ( 9.5 % )|
estimated risk-weighted assets under basel iii advanced approach ( b ) $ 1590873 estimated tier 1 common ratio under basel iii advanced approach ( c ) 9.5% ( 9.5 % ) ( a ) certain exposures , which are deducted from capital under basel i , are risked-weighted under basel iii. .
Question: what would the estimated minimum amount of tier 1 common equity be under the minimum basel 6.5% ( 6.5 % ) standard ? ( billions )
Answer: | 104554.57447 | what would the estimated minimum amount of tier 1 common equity be under the minimum basel 6.5% ( 6.5 % ) standard ? ( billions ) |
finqa1033 | Please answer the given financial question based on the context.
Context: stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc . under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing . the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group . the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc . the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims . many of these companies are also used by our compensation committee for purposes of compensation benchmarking . the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any . the s&p 500 and our peer group are included for comparative purposes only . they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock . s&p 500 quintilesims peer group .
||5/9/2013|12/31/2013|12/31/2014|12/31/2015|12/31/2016|
|q|$ 100|$ 110|$ 140|$ 163|$ 181|
|peer group|$ 100|$ 116|$ 143|$ 151|$ 143|
|s&p 500|$ 100|$ 114|$ 127|$ 126|$ 138|
item 6 . selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .
Question: what is the return on investment for s&p500 if the investment is sold at the end of year 2014?
Answer: | 0.27 | what is the return on investment for s&p500 if the investment is sold at the end of year 2014? |
finqa1034 | Please answer the given financial question based on the context.
Context: note 6 2014mergers and acquisitions eldertrust merger on february 5 , 2004 , the company consummated a merger transaction in an all cash transaction valued at $ 184 million ( the 201celdertrust transaction 201d ) . the eldertrust transaction adds nine assisted living facilities , one independent living facility , five skilled nursing facilities , two med- ical office buildings and a financial office building ( the 201celdertrust properties 201d ) to the company 2019s portfolio.the eldertrust properties are leased by the company to various operators under leases providing for aggregated , annual cash base rent of approxi- mately $ 16.2 million , subject to escalation as provided in the leases.the leases have remaining terms primarily ranging from four to 11 years.at the closing of the eldertrust transaction , the company also acquired all of the limited partnership units in eldertrust operating limited partnership ( 201cetop 201d ) directly from their owners at $ 12.50 per unit , excluding 31455 class c units in etop ( which will remain outstanding ) . etop owns directly or indirectly all of the eldertrust properties . the company funded the $ 101 million equity portion of the purchase price with cash on eldertrust 2019s balance sheet , a portion of the $ 85 million in proceeds from its december 2003 sale of ten facilities to kindred and draws on the company 2019s revolving credit facility ( the 201crevolving credit facility 201d ) under its second amended and restated security and guaranty agreement , dated as of april 17 , 2002 ( the 201c2002 credit agreement 201d ) .the company 2019s ownership of the eldertrust properties is subject to approximately $ 83 million of property level debt and other liabilities.at the close of the eldertrust transaction , eldertrust had approximately $ 33.5 million in unrestricted and restricted cash on hand . the acquisition was accounted for under the purchase method . the following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition . such estimates are subject to refinement as additional valuation information is received . operations from this merger will be reflected in the company 2019s consolidated financial state- ments for periods subsequent to the acquisition date of february 5 , 2004.the company is in the process of computing fair values , thus , the allocation of the purchase price is subject to refinement. .
||( in millions )|
|real estate investments|$ 162|
|cash and cash equivalents|28|
|other assets|5|
|total assets acquired|$ 195|
|notes payable and other debt|83|
|accounts payable and other accrued liabilities|2|
|total liabilities assumed|85|
|net assets acquired|$ 110|
transaction with brookdale on january 29 , 2004 , the company entered into 14 definitive purchase agreements ( each , a 201cbrookdale purchase agreement 201d ) with certain affiliates of brookdale living communities , inc . ( 201cbrookdale 201d ) to purchase ( each such purchase , a 201cbrookdale acquisition 201d ) a total of 14 independent living or assisted living facilities ( each , a 201cbrookdale facility 201d ) for an aggregate purchase price of $ 115 million.affiliates of brookdale have agreed to lease and operate the brookdale facilities pursuant to one or more triple-net leases.all of the brookdale leases , which have an initial term of 15 years , will be guaranteed by brookdale and provide for aggregated annual base rent of approximately $ 10 million , escalating each year by the greater of ( i ) 1.5% ( 1.5 % ) or ( ii ) 75% ( 75 % ) of the consumer price index . the company expects to fund the brookdale acquisitions by assuming an aggregate of approximately $ 41 million of non- recourse property level debt on certain of the brookdale facilities , with the balance to be paid from cash on hand and/or draws on the revolving credit facility.the property level debt encumbers seven of the brookdale facilities . on january 29 , 2004 , the company completed the acquisitions of four brookdale facilities for an aggregate purchase price of $ 37 million.the company 2019s acquisition of the remaining ten brookdale facilities is expected to be completed shortly , subject to customary closing conditions . however , the consummation of each such brookdale acquisition is not conditioned upon the consummation of any other such brookdale acquisition and there can be no assurance which , if any , of such remaining brookdale acquisitions will be consummated or when they will be consummated . transactions with trans healthcare , inc . on november 4 , 2002 , the company , through its wholly owned subsidiary ventas realty , completed a $ 120.0 million transaction ( the 201cthi transaction 201d ) with trans healthcare , inc. , a privately owned long-term care and hospital company ( 201cthi 201d ) .the thi transaction was structured as a $ 53.0 million sale leaseback trans- action ( the 201cthi sale leaseback 201d ) and a $ 67.0 million loan ( the 201cthi loan 201d ) , comprised of a first mortgage loan ( the 201cthi senior loan 201d ) and a mezzanine loan ( the 201cthi mezzanine loan 201d ) . following a sale of the thi senior loan in december 2002 ( see below ) , the company 2019s investment in thi was $ 70.0 million . as part of the thi sale leasebackventas realty purchased 5 properties and is leasing them back to thi under a 201ctriple-net 201d master lease ( the 201cthi master lease 201d ) .the properties subject to the sale leaseback are four skilled nursing facilities and one con- tinuing care retirement community.the thi master lease , which has an initial term of ten years , provides for annual base rent of $ 5.9 million.the thi master lease provides that if thi meets specified revenue parameters , annual base rent will escalate each year by the greater of ( i ) three percent or ( ii ) 50% ( 50 % ) of the consumer price index . ventas , inc . page 37 annual report 2003 .
Question: what was the net debt to equity ratio
Answer: | 0.77273 | what was the net debt to equity ratio |
finqa1035 | Please answer the given financial question based on the context.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2009 ( in millions , except as noted ) note 2 2014the reorganization description of the reorganization and purchase consideration in a series of transactions from october 1 to october 3 , 2007 , visa undertook a reorganization in which visa u.s.a. , visa international , visa canada and inovant became direct or indirect subsidiaries of visa inc . and the retrospective responsibility plan was established . see note 4 2014retrospective responsibility plan . for accounting purposes , the company reflected the reorganization as a single transaction occurring on october 1 ( the 201creorganization date 201d ) , using the purchase method of accounting with visa u.s.a . as the accounting acquirer . the net assets underlying the acquired interests in visa international , visa canada , and inovant ( the 201cacquired interests 201d ) were recorded at fair value at the reorganization date with the excess purchase price over this value attributed to goodwill . visa europe did not become a subsidiary of visa inc. , but rather remained owned and governed by its european member financial institutions and entered into a set of contractual arrangements with the company in connection with the reorganization . the company issued different classes and series of common stock in the reorganization reflecting the different rights and obligations of the visa financial institution members and visa europe . the allocation of the company 2019s common stock to each of visa ap , visa lac , visa cemea , visa canada ( collectively the 201cacquired regions 201d ) and visa u.s.a . ( collectively 201cthe participating regions 201d ) was based on each entity 2019s expected relative contribution to the company 2019s projected fiscal 2008 net income , after giving effect to negotiated adjustments . this allocation was adjusted shortly prior to the ipo ( the 201ctrue- up 201d ) to reflect actual performance in the four quarters ended december 31 , 2007 . the allocation of the company 2019s common stock and other consideration conveyed to visa europe in exchange for its ownership interest in visa international and inovant was determined based on the fair value of each element exchanged in the reorganization as discussed below and in note 3 2014visa europe . total shares authorized and issued to the financial institution member groups of the participating regions and to visa europe in the reorganization totaled 775080512 shares of class b and class c common stock . total purchase consideration , inclusive of the true-up , of approximately $ 18.4 billion comprised of the following: .
||in millions|
|visa inc . common stock|$ 17935|
|visa europe put option|346|
|liability under framework agreement|132|
|total purchase consideration|$ 18413|
visa inc . common stock issued in exchange for the acquired interests the value of the purchase consideration conveyed to each of the member groups of the acquired regions was determined by valuing the underlying businesses contributed by each , after giving effect to negotiated adjustments . the fair value of the purchase consideration , consisting of 258022779 shares of class c ( series i ) common stock , was approximately $ 12.6 billion , measured at june 15 , 2007 , or the date on which all parties entered into the global restructuring agreement . additional purchase consideration of $ 1.2 billion , consisting of 26138056 incremental shares of class c common stock valued at $ 44 per share were issued to the acquired regions shortly before the ipo in connection with the true-up . the fair value of these shares was determined based on the price per share in the ipo. .
Question: of the total purchase consideration , what portion is allocated for visa inc . common stock?
Answer: | 0.97404 | of the total purchase consideration , what portion is allocated for visa inc . common stock? |
finqa1036 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2015 annual report 233 note 11 2013 noninterest expense for details on noninterest expense , see consolidated statements of income on page 176 . included within other expense is the following : year ended december 31 , ( in millions ) 2015 2014 2013 .
|year ended december 31 ( in millions )|2015|2014|2013|
|legal expense|$ 2969|$ 2883|$ 11143|
|federal deposit insurance corporation-related ( 201cfdic 201d ) expense|1227|1037|1496|
federal deposit insurance corporation-related ( 201cfdic 201d ) expense 1227 1037 1496 note 12 2013 securities securities are classified as trading , afs or held-to-maturity ( 201chtm 201d ) . securities classified as trading assets are discussed in note 3 . predominantly all of the firm 2019s afs and htm investment securities ( the 201cinvestment securities portfolio 201d ) are held by treasury and cio in connection with its asset-liability management objectives . at december 31 , 2015 , the investment securities portfolio consisted of debt securities with an average credit rating of aa+ ( based upon external ratings where available , and where not available , based primarily upon internal ratings which correspond to ratings as defined by s&p and moody 2019s ) . afs securities are carried at fair value on the consolidated balance sheets . unrealized gains and losses , after any applicable hedge accounting adjustments , are reported as net increases or decreases to accumulated other comprehensive income/ ( loss ) . the specific identification method is used to determine realized gains and losses on afs securities , which are included in securities gains/ ( losses ) on the consolidated statements of income . htm debt securities , which management has the intent and ability to hold until maturity , are carried at amortized cost on the consolidated balance sheets . for both afs and htm debt securities , purchase discounts or premiums are generally amortized into interest income over the contractual life of the security . during 2014 , the firm transferred u.s . government agency mortgage-backed securities and obligations of u.s . states and municipalities with a fair value of $ 19.3 billion from afs to htm . these securities were transferred at fair value , and the transfer was a non-cash transaction . aoci included net pretax unrealized losses of $ 9 million on the securities at the date of transfer . the transfer reflected the firm 2019s intent to hold the securities to maturity in order to reduce the impact of price volatility on aoci and certain capital measures under basel iii. .
Question: what was the percent of the other expenses federal deposit insurance corporation-related ( 201cfdic 201d ) expense as a percent of the legal expense
Answer: | 0.41327 | what was the percent of the other expenses federal deposit insurance corporation-related ( 201cfdic 201d ) expense as a percent of the legal expense |
finqa1037 | Please answer the given financial question based on the context.
Context: page 26 of 100 our calculation of adjusted net earnings is summarized below: .
|( $ in millions except per share amounts )|2010|2009|2008|
|net earnings attributable to ball corporation as reported|$ 468.0|$ 387.9|$ 319.5|
|discontinued operations net of tax|74.9|2.2|-4.6 ( 4.6 )|
|business consolidation activities net of tax|-9.3 ( 9.3 )|13.0|27.1|
|gains and equity earnings related to acquisitions net of tax|-105.9 ( 105.9 )|2212|2212|
|gain on dispositions net of tax|2212|-30.7 ( 30.7 )|-4.4 ( 4.4 )|
|debt refinancing costs net of tax|5.3|2212|2212|
|adjusted net earnings|$ 433.0|$ 372.4|$ 337.6|
|per diluted share from continuing operations as reported|$ 2.96|$ 2.05|$ 1.62|
|per diluted share as adjusted|2.36|1.96|1.74|
debt facilities and refinancing interest-bearing debt at december 31 , 2010 , increased $ 216.1 million to $ 2.8 billion from $ 2.6 billion at december 31 , 2009 . in december 2010 , ball replaced its senior credit facilities due october 2011 with new senior credit facilities due december 2015 . the senior credit facilities bear interest at variable rates and include a $ 200 million term a loan denominated in u.s . dollars , a a351 million term b loan denominated in british sterling and a 20ac100 million term c loan denominated in euros . the facilities also include ( 1 ) a multi-currency , long-term revolving credit facility that provides the company with up to approximately $ 850 million and ( 2 ) a french multi-currency revolving facility that provides the company with up to $ 150 million . the revolving credit facilities expire in december 2015 . in november 2010 , ball issued $ 500 million of new 5.75 percent senior notes due in may 2021 . the net proceeds from this offering were used to repay the borrowings under our term d loan facility and for general corporate purposes . in march 2010 , ball issued $ 500 million of new 6.75 percent senior notes due in september 2020 . on that same date , the company issued a notice of redemption to call $ 509 million in 6.875 percent senior notes due december 2012 at a redemption price of 101.146 percent of the outstanding principal amount plus accrued interest . the redemption of the bonds occurred on april 21 , 2010 , and resulted in a charge of $ 8.1 million for the call premium and the write off of unamortized financing costs and unamortized premiums . the charge is included in the 2010 statement of earnings as a component of interest expense . at december 31 , 2010 , approximately $ 976 million was available under the company 2019s committed multi-currency revolving credit facilities . the company 2019s prc operations also had approximately $ 20 million available under a committed credit facility of approximately $ 52 million . in addition to the long-term committed credit facilities , the company had $ 372 million of short-term uncommitted credit facilities available at the end of 2010 , of which $ 76.2 million was outstanding and due on demand , as well as approximately $ 175 million of available borrowings under its accounts receivable securitization program . in october 2010 , the company renewed its receivables sales agreement for a period of one year . the size of the new program will vary between a maximum of $ 125 million for settlement dates in january through april and a maximum of $ 175 million for settlement dates in the remaining months . given our free cash flow projections and unused credit facilities that are available until december 2015 , our liquidity is strong and is expected to meet our ongoing operating cash flow and debt service requirements . while the recent financial and economic conditions have raised concerns about credit risk with counterparties to derivative transactions , the company mitigates its exposure by spreading the risk among various counterparties and limiting exposure to any one party . we also monitor the credit ratings of our suppliers , customers , lenders and counterparties on a regular basis . we were in compliance with all loan agreements at december 31 , 2010 , and all prior years presented , and have met all debt payment obligations . the u.s . note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness . additional details about our debt and receivables sales agreements are available in notes 12 and 6 , respectively , accompanying the consolidated financial statements within item 8 of this report. .
Question: what was the percentage change in per diluted share earnings as adjusted from 2009 to 2010?
Answer: | 0.20408 | what was the percentage change in per diluted share earnings as adjusted from 2009 to 2010? |
finqa1038 | Please answer the given financial question based on the context.
Context: fair valuation the following table shows the expected versus actual rate of return on plan assets for the u.s . pension and postretirement plans: .
||2008|2007|2006|
|expected rate of return|7.75% ( 7.75 % )|8.0% ( 8.0 % )|8.0% ( 8.0 % )|
|actual rate of return|( 5.42 ) % ( % )|13.2% ( 13.2 % )|14.7% ( 14.7 % )|
for the foreign plans , pension expense for 2008 was reduced by the expected return of $ 487 million , compared with the actual return of $ ( 883 ) million . pension expense for 2007 and 2006 was reduced by expected returns of $ 477 million and $ 384 million , respectively . actual returns were higher in 2007 and 2006 than the expected returns in those years . discount rate the 2008 and 2007 discount rates for the u.s . pension and postretirement plans were selected by reference to a citigroup-specific analysis using each plan 2019s specific cash flows and compared with the moody 2019s aa long-term corporate bond yield for reasonableness . citigroup 2019s policy is to round to the nearest tenth of a percent . accordingly , at december 31 , 2008 , the discount rate was set at 6.1% ( 6.1 % ) for the pension plans and at 6.0% ( 6.0 % ) for the postretirement welfare plans . at december 31 , 2007 , the discount rate was set at 6.2% ( 6.2 % ) for the pension plans and 6.0% ( 6.0 % ) for the postretirement plans , referencing a citigroup-specific cash flow analysis . as of september 30 , 2006 , the u.s . pension plan was remeasured to reflect the freeze of benefits accruals for all non-grandfathered participants , effective january 1 , 2008 . under the september 30 , 2006 remeasurement and year-end analysis , the resulting plan-specific discount rate for the pension plan was 5.86% ( 5.86 % ) , which was rounded to 5.9% ( 5.9 % ) . the discount rates for the foreign pension and postretirement plans are selected by reference to high-quality corporate bond rates in countries that have developed corporate bond markets . however , where developed corporate bond markets do not exist , the discount rates are selected by reference to local government bond rates with a premium added to reflect the additional risk for corporate bonds . for additional information on the pension and postretirement plans , and on discount rates used in determining pension and postretirement benefit obligations and net benefit expense for the company 2019s plans , as well as the effects of a one percentage-point change in the expected rates of return and the discount rates , see note 9 to the company 2019s consolidated financial statements on page 144 . adoption of sfas 158 upon the adoption of sfas no . 158 , employer 2019s accounting for defined benefit pensions and other postretirement benefits ( sfas 158 ) , at december 31 , 2006 , the company recorded an after-tax charge to equity of $ 1.6 billion , which corresponds to the plans 2019 net pension and postretirement liabilities and the write-off of the existing prepaid asset , which relates to unamortized actuarial gains and losses , prior service costs/benefits and transition assets/liabilities . for a discussion of fair value of assets and liabilities , see 201csignificant accounting policies and significant estimates 201d on page 18 and notes 26 , 27 and 28 to the consolidated financial statements on pages 192 , 202 and 207. .
Question: what was the percentage increase of the expected return from 2007 to 2008
Answer: | 0.02096 | what was the percentage increase of the expected return from 2007 to 2008 |
finqa1039 | Please answer the given financial question based on the context.
Context: the table below represents unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) : balance in accumulated other comprehensive loss .
|contract type|balance in accumulated other comprehensive loss 2009|balance in accumulated other comprehensive loss 2008|
|interest rate swaps|$ 13053|$ 18874|
note 9 2013 fair value measurements the company uses the fair value hierarchy , which prioritizes the inputs used to measure the fair value of certain of its financial instruments . the hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities ( level 1 measurement ) and the lowest priority to unobservable inputs ( level 3 measurement ) . the three levels of the fair value hierarchy are set forth below : 2022 level 1 2013 quoted prices are available in active markets for identical assets or liabilities as of the reporting date . active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis . 2022 level 2 2013 pricing inputs are other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date . level 2 includes those financial instruments that are valued using models or other valuation methodologies . these models are primarily industry-standard models that consider various assumptions , including time value , volatility factors , and current market and contractual prices for the underlying instruments , as well as other relevant economic measures . substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument , can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace . 2022 level 3 2013 pricing inputs include significant inputs that are generally less observable from objective sources . these inputs may be used with internally developed methodologies that result in management 2019s best estimate of fair value from the perspective of a market participant . the fair value of the interest rate swap transactions are based on the discounted net present value of the swap using third party quotes ( level 2 ) . changes in fair market value are recorded in other comprehensive income ( loss ) , and changes resulting from ineffectiveness are recorded in current earnings . assets and liabilities measured at fair value are based on one or more of three valuation techniques . the three valuation techniques are identified in the table below and are as follows : a ) market approach 2013 prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities b ) cost approach 2013 amount that would be required to replace the service capacity of an asset ( replacement cost ) c ) income approach 2013 techniques to convert future amounts to a single present amount based on market expectations ( including present value techniques , option-pricing and excess earnings models ) .
Question: for unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) , what was the total balance in accumulated other comprehensive loss for the two years combined?
Answer: | 31927.0 | for unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) , what was the total balance in accumulated other comprehensive loss for the two years combined? |
finqa1040 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements investments in funds that calculate net asset value per share cash instruments at fair value include investments in funds that are valued based on the net asset value per share ( nav ) of the investment fund . the firm uses nav as its measure of fair value for fund investments when ( i ) the fund investment does not have a readily determinable fair value and ( ii ) the nav of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting , including measurement of the underlying investments at fair value . the firm 2019s investments in funds that calculate nav primarily consist of investments in firm-sponsored funds where the firm co-invests with third-party investors . the private equity , credit and real estate funds are primarily closed-end funds in which the firm 2019s investments are not eligible for redemption . distributions will be received from these funds as the underlying assets are liquidated and it is estimated that substantially all of the underlying assets of existing funds will be liquidated over the next seven years . the firm continues to manage its existing funds taking into account the transition periods under the volcker rule of the u.s . dodd-frank wall street reform and consumer protection act ( dodd-frank act ) , although the rules have not yet been finalized . the firm 2019s investments in hedge funds are generally redeemable on a quarterly basis with 91 days 2019 notice , subject to a maximum redemption level of 25% ( 25 % ) of the firm 2019s initial investments at any quarter-end . the firm currently plans to comply with the volcker rule by redeeming certain of its interests in hedge funds . the firm redeemed approximately $ 1.06 billion of these interests in hedge funds during the year ended december 2012 . the table below presents the fair value of the firm 2019s investments in , and unfunded commitments to , funds that calculate nav. .
|in millions|as of december 2012 fair value of investments|as of december 2012 unfunded commitments|as of december 2012 fair value of investments|unfunded commitments|
|private equity funds1|$ 7680|$ 2778|$ 8074|$ 3514|
|credit funds2|3927|2843|3596|3568|
|hedge funds3|2167|2014|3165|2014|
|real estatefunds4|2006|870|1531|1613|
|total|$ 15780|$ 6491|$ 16366|$ 8695|
1 . these funds primarily invest in a broad range of industries worldwide in a variety of situations , including leveraged buyouts , recapitalizations and growth investments . 2 . these funds generally invest in loans and other fixed income instruments and are focused on providing private high-yield capital for mid- to large-sized leveraged and management buyout transactions , recapitalizations , financings , refinancings , acquisitions and restructurings for private equity firms , private family companies and corporate issuers . 3 . these funds are primarily multi-disciplinary hedge funds that employ a fundamental bottom-up investment approach across various asset classes and strategies including long/short equity , credit , convertibles , risk arbitrage , special situations and capital structure arbitrage . 4 . these funds invest globally , primarily in real estate companies , loan portfolios , debt recapitalizations and direct property . goldman sachs 2012 annual report 127 .
Question: from december 2012 to december 2011 , what was the change in millions in fair value of investments in private equity finds?
Answer: | 394.0 | from december 2012 to december 2011 , what was the change in millions in fair value of investments in private equity finds? |
finqa1041 | Please answer the given financial question based on the context.
Context: products and software , as well as ongoing investment in next-generation technologies , partially offset by savings from cost-reduction initiatives . reorganization of business charges increased due to employee severance costs and expenses related to the exit of a facility . sg&a expenses decreased , primarily due to lower marketing expenses and savings from cost-reduction initiatives , partially offset by increased expenditures on information technology upgrades . as a percentage of net sales in 2007 as compared to 2006 , gross margin and operating margin decreased , and sg&a expenses and r&d expenditures increased . the segment 2019s backlog was $ 647 million at december 31 , 2007 , compared to $ 1.4 billion at december 31 , 2006 . this decrease in backlog was primarily due to a decline in customer demand driven by the segment 2019s limited product portfolio . the segment shipped 159.1 million units in 2007 , a 27% ( 27 % ) decrease compared to shipments of 217.4 million units in 2006 . the overall decrease reflects decreased unit shipments of products for all technologies . for the full year 2007 , unit shipments : ( i ) decreased substantially in asia and emea , ( ii ) decreased in north america , and ( iii ) increased in latin america . although unit shipments by the segment decreased in 2007 , total unit shipments in the worldwide handset market increased by approximately 16% ( 16 % ) . the segment estimates its worldwide market share was approximately 14% ( 14 % ) for the full year 2007 , a decrease of approximately 8 percentage points versus full year 2006 . in 2007 , asp decreased approximately 9% ( 9 % ) compared to 2006 . the overall decrease in asp was driven primarily by changes in the product-tier and geographic mix of sales . by comparison , asp decreased approximately 11% ( 11 % ) in 2006 and 10% ( 10 % ) in 2005 . the segment has several large customers located throughout the world . in 2007 , aggregate net sales to the segment 2019s five largest customers accounted for approximately 42% ( 42 % ) of the segment 2019s net sales . besides selling directly to carriers and operators , the segment also sells products through a variety of third-party distributors and retailers , which account for approximately 33% ( 33 % ) of the segment 2019s net sales . the largest of these distributors was brightstar corporation . although the u.s . market continued to be the segment 2019s largest individual market , many of our customers , and more than 54% ( 54 % ) of our segment 2019s 2007 net sales , were outside the u.s . the largest of these international markets were brazil , china and mexico . home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol video and broadcast network interactive set-tops , end-to-end video delivery systems , broadband access infrastructure platforms , and associated data and voice customer premise equipment to cable television and telecom service providers ( collectively , referred to as the 201chome business 201d ) , and ( ii ) wireless access systems , including cellular infrastructure systems and wireless broadband systems , to wireless service providers ( collectively , referred to as the 201cnetwork business 201d ) . in 2008 , the segment 2019s net sales represented 33% ( 33 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2007 and 21% ( 21 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change .
|( dollars in millions )|years ended december 31 2008|years ended december 31 2007|years ended december 31 2006|years ended december 31 2008 20142007|2007 20142006|
|segment net sales|$ 10086|$ 10014|$ 9164|1% ( 1 % )|9% ( 9 % )|
|operating earnings|918|709|787|29% ( 29 % )|( 10 ) % ( % )|
segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 1% ( 1 % ) to $ 10.1 billion , compared to $ 10.0 billion in 2007 . the 1% ( 1 % ) increase in net sales primarily reflects a 16% ( 16 % ) increase in net sales in the home business , partially offset by an 11% ( 11 % ) decrease in net sales in the networks business . the 16% ( 16 % ) increase in net sales in the home business is primarily driven by a 17% ( 17 % ) increase in net sales of digital entertainment devices , reflecting a 19% ( 19 % ) increase in unit shipments to 18.0 million units , partially offset by lower asp due to product mix shift and pricing pressure . the 11% ( 11 % ) decrease in net sales in the networks business was primarily driven by : ( i ) the absence of net sales by the embedded communication computing group ( 201cecc 201d ) that was divested at the end of 2007 , and ( ii ) lower net sales of iden , gsm and cdma infrastructure equipment , partially offset by higher net sales of umts infrastructure equipment . on a geographic basis , the 1% ( 1 % ) increase in net sales was primarily driven by higher net sales in latin america and asia , partially offset by lower net sales in north america . the increase in net sales in latin america was 63management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 066000000 ***%%pcmsg|63 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
Question: what was the average segment net sales from 2006 to 2008
Answer: | 10062.0 | what was the average segment net sales from 2006 to 2008 |
finqa1042 | Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 32122 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26042 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group: .
|millions|2017|2016|2015|
|agricultural products|$ 3685|$ 3625|$ 3581|
|automotive|1998|2000|2154|
|chemicals|3596|3474|3543|
|coal|2645|2440|3237|
|industrial products|4078|3348|3808|
|intermodal|3835|3714|4074|
|total freight revenues|$ 19837|$ 18601|$ 20397|
|other revenues|1403|1340|1416|
|total operating revenues|$ 21240|$ 19941|$ 21813|
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are freight revenues from our mexico business which amounted to $ 2.3 billion in 2017 , $ 2.2 billion in 2016 , and $ 2.2 billion in 2015 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .
Question: what is the percentage of the network route miles that is owned by the company
Answer: | 0.81072 | what is the percentage of the network route miles that is owned by the company |
finqa1043 | Please answer the given financial question based on the context.
Context: note 8 . acquisitions during fiscal 2017 , cadence completed two business combinations for total cash consideration of $ 142.8 million , after taking into account cash acquired of $ 4.2 million . the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates . cadence recorded a total of $ 76.4 million of acquired intangible assets ( of which $ 71.5 million represents in-process technology ) , $ 90.2 million of goodwill and $ 19.6 million of net liabilities consisting primarily of deferred tax liabilities . cadence will also make payments to certain employees , subject to continued employment and other performance-based conditions , through the fourth quarter of fiscal 2020 . during fiscal 2016 , cadence completed two business combinations for total cash consideration of $ 42.4 million , after taking into account cash acquired of $ 1.8 million . the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates . cadence recorded a total of $ 23.6 million of goodwill , $ 23.2 million of acquired intangible assets and $ 2.6 million of net liabilities consisting primarily of deferred revenue . cadence will also make payments to certain employees , subject to continued employment and other conditions , through the second quarter of fiscal a trust for the benefit of the children of lip-bu tan , cadence 2019s chief executive officer ( 201cceo 201d ) and director , owned less than 3% ( 3 % ) of nusemi inc , one of the companies acquired in 2017 , and less than 2% ( 2 % ) of rocketick technologies ltd. , one of the companies acquired in 2016 . mr . tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust . the board of directors of cadence reviewed the transactions and concluded that it was in the best interests of cadence to proceed with the transactions . mr . tan recused himself from the board of directors 2019 discussion of the valuation of nusemi inc and rocketick technologies ltd . and on whether to proceed with the transactions . acquisition-related transaction costs there were no direct transaction costs associated with acquisitions during fiscal 2018 . transaction costs associated with acquisitions were $ 0.6 million and $ 1.1 million during fiscal 2017 and 2016 , respectively . these costs consist of professional fees and administrative costs and were expensed as incurred in cadence 2019s consolidated income statements . note 9 . goodwill and acquired intangibles goodwill the changes in the carrying amount of goodwill during fiscal 2018 and 2017 were as follows : gross carrying amount ( in thousands ) .
||gross carryingamount ( in thousands )|
|balance as of december 31 2016|$ 572764|
|goodwill resulting from acquisitions|90218|
|effect of foreign currency translation|3027|
|balance as of december 30 2017|666009|
|effect of foreign currency translation|-3737 ( 3737 )|
|balance as of december 29 2018|$ 662272|
cadence completed its annual goodwill impairment test during the third quarter of fiscal 2018 and determined that the fair value of cadence 2019s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed. .
Question: what is the percentage increase in the balance of goodwill from 2016 to 2017?
Answer: | 0.1628 | what is the percentage increase in the balance of goodwill from 2016 to 2017? |
finqa1044 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries management 2019s financial discussion and analysis palisades plants and related assets to their fair values . see note 14 to the financial statements for further discussion of the impairment and related charges . as a result of the entergy louisiana and entergy gulf states louisiana business combination , results of operations for 2015 also include two items that occurred in october 2015 : 1 ) a deferred tax asset and resulting net increase in tax basis of approximately $ 334 million and 2 ) a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) as a result of customer credits to be realized by electric customers of entergy louisiana , consistent with the terms of the stipulated settlement in the business combination proceeding . see note 2 to the financial statements for further discussion of the business combination and customer credits . results of operations for 2015 also include the sale in december 2015 of the 583 mw rhode island state energy center for a realized gain of $ 154 million ( $ 100 million net-of-tax ) on the sale and the $ 77 million ( $ 47 million net-of-tax ) write-off and regulatory charges to recognize that a portion of the assets associated with the waterford 3 replacement steam generator project is no longer probable of recovery . see note 14 to the financial statements for further discussion of the rhode island state energy center sale . see note 2 to the financial statements for further discussion of the waterford 3 write-off . net revenue utility following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .
||amount ( in millions )|
|2015 net revenue|$ 5829|
|retail electric price|289|
|louisiana business combination customer credits|107|
|volume/weather|14|
|louisiana act 55 financing savings obligation|-17 ( 17 )|
|other|-43 ( 43 )|
|2016 net revenue|$ 6179|
the retail electric price variance is primarily due to : 2022 an increase in base rates at entergy arkansas , as approved by the apsc . the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 . the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 . a significant portion of the increase is related to the purchase of power block 2 of the union power station ; 2022 an increase in the purchased power and capacity acquisition cost recovery rider for entergy new orleans , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station ; 2022 an increase in formula rate plan revenues for entergy louisiana , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station ; and 2022 an increase in revenues at entergy mississippi , as approved by the mpsc , effective with the first billing cycle of july 2016 , and an increase in revenues collected through the storm damage rider . see note 2 to the financial statements for further discussion of the rate proceedings . see note 14 to the financial statements for discussion of the union power station purchase . the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business .
Question: what is the percent change in net revenue from 2015 to 2016?
Answer: | 0.06004 | what is the percent change in net revenue from 2015 to 2016? |
finqa1045 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) the effect of foreign exchange rate changes on cash , cash equivalents and restricted cash included in the consolidated statements of cash flows resulted in an increase of $ 11.6 in 2016 , primarily a result of the brazilian real strengthening against the u.s . dollar as of december 31 , 2016 compared to december 31 , 2015. .
|balance sheet data|december 31 , 2017|december 31 , 2016|
|cash cash equivalents and marketable securities|$ 791.0|$ 1100.6|
|short-term borrowings|$ 84.9|$ 85.7|
|current portion of long-term debt|2.0|323.9|
|long-term debt|1285.6|1280.7|
|total debt|$ 1372.5|$ 1690.3|
liquidity outlook we expect our cash flow from operations and existing cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility , uncommitted lines of credit and a commercial paper program available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit ratings , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity , or continue to access existing sources of liquidity , on commercially reasonable terms , or at all . funding requirements our most significant funding requirements include our operations , non-cancelable operating lease obligations , capital expenditures , acquisitions , common stock dividends , taxes and debt service . additionally , we may be required to make payments to minority shareholders in certain subsidiaries if they exercise their options to sell us their equity interests . notable funding requirements include : 2022 debt service 2013 as of december 31 , 2017 , we had outstanding short-term borrowings of $ 84.9 from our uncommitted lines of credit used primarily to fund seasonal working capital needs . the remainder of our debt is primarily long-term , with maturities scheduled through 2024 . see the table below for the maturity schedule of our long-term debt . 2022 acquisitions 2013 we paid cash of $ 29.7 , net of cash acquired of $ 7.1 , for acquisitions completed in 2017 . we also paid $ 0.9 in up-front payments and $ 100.8 in deferred payments for prior-year acquisitions as well as ownership increases in our consolidated subsidiaries . in addition to potential cash expenditures for new acquisitions , we expect to pay approximately $ 42.0 in 2018 related to prior acquisitions . we may also be required to pay approximately $ 33.0 in 2018 related to put options held by minority shareholders if exercised . we will continue to evaluate strategic opportunities to grow and continue to strengthen our market position , particularly in our digital and marketing services offerings , and to expand our presence in high-growth and key strategic world markets . 2022 dividends 2013 during 2017 , we paid four quarterly cash dividends of $ 0.18 per share on our common stock , which corresponded to aggregate dividend payments of $ 280.3 . on february 14 , 2018 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.21 per share , payable on march 15 , 2018 to holders of record as of the close of business on march 1 , 2018 . assuming we pay a quarterly dividend of $ 0.21 per share and there is no significant change in the number of outstanding shares as of december 31 , 2017 , we would expect to pay approximately $ 320.0 over the next twelve months. .
Question: what is the outstanding number of shares as of december 31 , 2017?
Answer: | -1190095.2381 | what is the outstanding number of shares as of december 31 , 2017? |
finqa1046 | Please answer the given financial question based on the context.
Context: humana inc . notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 . cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively . total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years . restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant . compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant . the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively . activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value .
||shares|weighted average grant-date fair value|
|nonvested restricted stock at december 31 2006|1107455|$ 45.86|
|granted|852353|63.59|
|vested|-51206 ( 51206 )|56.93|
|forfeited|-63624 ( 63624 )|49.65|
|nonvested restricted stock at december 31 2007|1844978|$ 53.61|
the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively . total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years . there are no other contractual terms covering restricted stock awards once vested. .
Question: what is the increase observed in the weighted average grant date fair value of the restricted stocks in 2006 and 2007?
Answer: | 0.16979 | what is the increase observed in the weighted average grant date fair value of the restricted stocks in 2006 and 2007? |
finqa1047 | Please answer the given financial question based on the context.
Context: table of contents company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index as of the market close on september 30 , 2008 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . fiscal year ending september 30 . copyright 2013 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright 2013 dow jones & co . all rights reserved . *$ 100 invested on 9/30/08 in stock or index , including reinvestment of dividends . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .
||september 30 2008|september 30 2009|september 30 2010|september 30 2011|september 30 2012|september 30 2013|
|apple inc .|$ 100|$ 163|$ 250|$ 335|$ 589|$ 431|
|s&p 500 index|$ 100|$ 93|$ 103|$ 104|$ 135|$ 161|
|s&p computer hardware index|$ 100|$ 118|$ 140|$ 159|$ 255|$ 197|
|dow jones us technology supersector index|$ 100|$ 111|$ 124|$ 128|$ 166|$ 175|
.
Question: what is the 6 year total shareholder return on apple . inc.?
Answer: | 3.31 | what is the 6 year total shareholder return on apple . inc.? |
finqa1048 | Please answer the given financial question based on the context.
Context: on may 12 , 2017 , the company 2019s stockholders approved the american water works company , inc . 2017 omnibus equity compensation plan ( the 201c2017 omnibus plan 201d ) . a total of 7.2 million shares of common stock may be issued under the 2017 omnibus plan . as of december 31 , 2017 , 7.2 million shares were available for grant under the 2017 omnibus plan . the 2017 omnibus plan provides that grants of awards may be in any of the following forms : incentive stock options , nonqualified stock options , stock appreciation rights , stock units , stock awards , other stock-based awards and dividend equivalents , which may be granted only on stock units or other stock-based awards . following the approval of the 2017 omnibus plan , no additional awards are to be granted under the 2007 plan . however , shares will still be issued under the 2007 plan pursuant to the terms of awards previously issued under that plan prior to may 12 , 2017 . 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 2017 , 2016 and 2015 are classified as equity . the company recognizes compensation expense for stock awards over the vesting period of the award . 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 . 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: .
||2017|2016|2015|
|stock options|$ 1|$ 2|$ 2|
|rsus|9|8|8|
|nonqualified employee stock purchase plan|1|1|1|
|stock-based compensation|11|11|11|
|income tax benefit|-4 ( 4 )|-4 ( 4 )|-4 ( 4 )|
|stock-based compensation expense net of tax|$ 7|$ 7|$ 7|
there were no significant stock-based compensation costs capitalized during the years ended december 31 , 2017 , 2016 and 2015 . 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 the consolidated statements of operations and are presented in the financing section of the consolidated statements of cash flows . stock options there were no grants of stock options to employees in 2017 . in 2016 and 2015 , 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 and have no performance vesting conditions . expense is recognized using the straight-line method and is amortized over the requisite service period. .
Question: at what tax rate was stock-based compensation being taxed at during the years 2015 , 2016 and 2017?
Answer: | -0.36364 | at what tax rate was stock-based compensation being taxed at during the years 2015 , 2016 and 2017? |
finqa1049 | Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . our series a common stock , series b common stock and series c common stock are listed and traded on the nasdaq global select market ( 201cnasdaq 201d ) under the symbols 201cdisca , 201d 201cdiscb 201d and 201cdisck , 201d respectively . the following table sets forth , for the periods indicated , the range of high and low sales prices per share of our series a common stock , series b common stock and series c common stock as reported on yahoo! finance ( finance.yahoo.com ) . series a common stock series b common stock series c common stock high low high low high low fourth quarter $ 23.73 $ 16.28 $ 26.80 $ 20.00 $ 22.47 $ 15.27 third quarter $ 27.18 $ 20.80 $ 27.90 $ 22.00 $ 26.21 $ 19.62 second quarter $ 29.40 $ 25.11 $ 29.55 $ 25.45 $ 28.90 $ 24.39 first quarter $ 29.62 $ 26.34 $ 29.65 $ 27.55 $ 28.87 $ 25.76 fourth quarter $ 29.55 $ 25.01 $ 30.50 $ 26.00 $ 28.66 $ 24.20 third quarter $ 26.97 $ 24.27 $ 28.00 $ 25.21 $ 26.31 $ 23.44 second quarter $ 29.31 $ 23.73 $ 29.34 $ 24.15 $ 28.48 $ 22.54 first quarter $ 29.42 $ 24.33 $ 29.34 $ 24.30 $ 28.00 $ 23.81 as of february 21 , 2018 , there were approximately 1308 , 75 and 1414 record holders of our series a common stock , series b common stock and series c common stock , respectively . these amounts do not include the number of shareholders whose shares are held of record by banks , brokerage houses or other institutions , but include each such institution as one shareholder . we have not paid any cash dividends on our series a common stock , series b common stock or series c common stock , and we have no present intention to do so . payment of cash dividends , if any , will be determined by our board of directors after consideration of our earnings , financial condition and other relevant factors such as our credit facility's restrictions on our ability to declare dividends in certain situations . purchases of equity securities the following table presents information about our repurchases of common stock that were made through open market transactions during the three months ended december 31 , 2017 ( in millions , except per share amounts ) . period total number of series c shares purchased average paid per share : series c ( a ) total number of shares purchased as part of publicly announced plans or programs ( b ) ( c ) approximate dollar value of shares that may yet be purchased under the plans or programs ( a ) ( b ) october 1 , 2017 - october 31 , 2017 2014 $ 2014 2014 $ 2014 november 1 , 2017 - november 30 , 2017 2014 $ 2014 2014 $ 2014 december 1 , 2017 - december 31 , 2017 2014 $ 2014 2014 $ 2014 total 2014 2014 $ 2014 ( a ) the amounts do not give effect to any fees , commissions or other costs associated with repurchases of shares . ( b ) under the stock repurchase program , management was authorized to purchase shares of the company's common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices or pursuant to one or more accelerated stock repurchase agreements or other derivative arrangements as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors . the company's authorization under the program expired on october 8 , 2017 and we have not repurchased any shares of common stock since then . we historically have funded and in the future may fund stock repurchases through a combination of cash on hand and cash generated by operations and the issuance of debt . in the future , if further authorization is provided , we may also choose to fund stock repurchases through borrowings under our revolving credit facility or future financing transactions . there were no repurchases of our series a and b common stock during 2017 and no repurchases of series c common stock during the three months ended december 31 , 2017 . the company first announced its stock repurchase program on august 3 , 2010 . ( c ) we entered into an agreement with advance/newhouse to repurchase , on a quarterly basis , a number of shares of series c-1 convertible preferred stock convertible into a number of shares of series c common stock . we did not convert any any shares of series c-1 convertible preferred stock during the three months ended december 31 , 2017 . there are no planned repurchases of series c-1 convertible preferred stock for the first quarter of 2018 as there were no repurchases of series a or series c common stock during the three months ended december 31 , 2017 . stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2012 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2013 , 2014 , 2015 , 2016 and 2017 . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
||december 312012|december 312013|december 312014|december 312015|december 312016|december 312017|
|disca|$ 100.00|$ 139.42|$ 106.23|$ 82.27|$ 84.53|$ 69.01|
|discb|$ 100.00|$ 144.61|$ 116.45|$ 85.03|$ 91.70|$ 78.01|
|disck|$ 100.00|$ 143.35|$ 115.28|$ 86.22|$ 91.56|$ 72.38|
|s&p 500|$ 100.00|$ 129.60|$ 144.36|$ 143.31|$ 156.98|$ 187.47|
|peer group|$ 100.00|$ 163.16|$ 186.87|$ 180.10|$ 200.65|$ 208.79|
.
Question: what was the percentage cumulative total shareholder return on disca common stock for the five year period ended december 31 , 2017?
Answer: | -0.2199 | what was the percentage cumulative total shareholder return on disca common stock for the five year period ended december 31 , 2017? |
finqa1050 | Please answer the given financial question based on the context.
Context: wood products sales in the united states in 2005 of $ 1.6 billion were up 3% ( 3 % ) from $ 1.5 billion in 2004 and 18% ( 18 % ) from $ 1.3 billion in 2003 . average price realiza- tions for lumber were up 6% ( 6 % ) and 21% ( 21 % ) in 2005 compared with 2004 and 2003 , respectively . lumber sales volumes in 2005 were up 5% ( 5 % ) versus 2004 and 10% ( 10 % ) versus 2003 . average sales prices for plywood were down 4% ( 4 % ) from 2004 , but were 15% ( 15 % ) higher than in 2003 . plywood sales volumes in 2005 were slightly higher than 2004 and 2003 . operating profits in 2005 were 18% ( 18 % ) lower than 2004 , but nearly three times higher than 2003 . lower average plywood prices and higher raw material costs more than offset the effects of higher average lumber prices , volume increases and a positive sales mix . in 2005 , log costs were up 9% ( 9 % ) versus 2004 , negatively im- pacting both plywood and lumber profits . lumber and plywood operating costs also reflected substantially higher glue and natural gas costs versus both 2004 and looking forward to the first quarter of 2006 , a con- tinued strong housing market , combined with low prod- uct inventory in the distribution chain , should translate into continued strong lumber and plywood demand . however , a possible softening of housing starts and higher interest rates later in the year could put down- ward pressure on pricing in the second half of 2006 . specialty businesses and other the specialty businesses and other segment in- cludes the operating results of arizona chemical , euro- pean distribution and , prior to its closure in 2003 , our natchez , mississippi chemical cellulose pulp mill . also included are certain divested businesses whose results are included in this segment for periods prior to their sale or closure . this segment 2019s 2005 net sales declined 18% ( 18 % ) and 26% ( 26 % ) from 2004 and 2003 , respectively . operating profits in 2005 were down substantially from both 2004 and 2003 . the decline in sales principally reflects declining contributions from businesses sold or closed . operating profits were also affected by higher energy and raw material costs in our chemical business . specialty businesses and other in millions 2005 2004 2003 .
|in millions|2005|2004|2003|
|sales|$ 915|$ 1120|$ 1235|
|operating profit|$ 4|$ 38|$ 23|
chemicals sales were $ 692 million in 2005 , com- pared with $ 672 million in 2004 and $ 625 million in 2003 . although demand was strong for most arizona chemical product lines , operating profits in 2005 were 84% ( 84 % ) and 83% ( 83 % ) lower than in 2004 and 2003 , re- spectively , due to higher energy costs in the u.s. , and higher prices and reduced availability for crude tall oil ( cto ) . in the united states , energy costs increased 41% ( 41 % ) compared to 2004 due to higher natural gas prices and supply interruption costs . cto prices increased 26% ( 26 % ) compared to 2004 , as certain energy users turned to cto as a substitute fuel for high-cost alternative energy sources such as natural gas and fuel oil . european cto receipts decreased 30% ( 30 % ) compared to 2004 due to lower yields following the finnish paper industry strike and a swedish storm that limited cto throughput and corre- sponding sales volumes . other businesses in this operating segment include operations that have been sold , closed , or are held for sale , principally the european distribution business , the oil and gas and mineral royalty business , decorative products , retail packaging , and the natchez chemical cellulose pulp mill . sales for these businesses were ap- proximately $ 223 million in 2005 ( mainly european distribution and decorative products ) compared with $ 448 million in 2004 ( mainly european distribution and decorative products ) , and $ 610 million in 2003 . 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 a result , we believe that we are well positioned for improvements in operating cash flow should prices and worldwide economic conditions im- prove in the future . as part of our continuing focus on improving our return on investment , we have focused our capital spending on improving our key platform businesses in north america and in geographic areas with strong growth opportunities . spending levels have been kept below the level of depreciation and amortization charges for each of the last three years , and we anticipate con- tinuing this approach in 2006 . with the low interest rate environment in 2005 , financing activities have focused largely on the repay- ment or refinancing of higher coupon debt , resulting in a net reduction in debt of approximately $ 1.7 billion in 2005 . we plan to continue this program , with addi- tional reductions anticipated as our previously an- nounced transformation plan progresses in 2006 . our liquidity position continues to be strong , with approx- imately $ 3.2 billion of committed liquidity to cover fu- ture short-term cash flow requirements not met by operating cash flows. .
Question: what percentage of specialty businesses sales where due to chemicals sales in 2005?
Answer: | 0.75628 | what percentage of specialty businesses sales where due to chemicals sales in 2005? |
finqa1051 | Please answer the given financial question based on the context.
Context: ( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options . shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport .
||12/31/04|12/31/05|12/31/06|12/31/07|12/31/08|12/31/09|
|united parcel service inc .|$ 100.00|$ 89.49|$ 91.06|$ 87.88|$ 70.48|$ 75.95|
|s&p 500 index|$ 100.00|$ 104.91|$ 121.48|$ 128.15|$ 80.74|$ 102.11|
|dow jones transportation average|$ 100.00|$ 111.65|$ 122.61|$ 124.35|$ 97.72|$ 115.88|
.
Question: what is the roi of an investment in ups in 2004 and sold in 2006?
Answer: | -0.0894 | what is the roi of an investment in ups in 2004 and sold in 2006? |
finqa1052 | Please answer the given financial question based on the context.
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: .
|( dollars in thousands )|years ended december 31 , 2015|years ended december 31 , 2014|years ended december 31 , 2013|
|interest expense incurred|$ -|$ -|$ 8181|
holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover named storm and earthquake events . the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) . on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) . the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: in 2014 what was the total amount of catastrophe reinsurance coverage the company obtained in thousands
Answer: | 450000.0 | in 2014 what was the total amount of catastrophe reinsurance coverage the company obtained in thousands |
finqa1053 | Please answer the given financial question based on the context.
Context: business separation costs on 16 september 2015 , the company announced that it intends to separate its materials technologies business via a spin-off . during the fourth quarter , we incurred legal and other advisory fees of $ 7.5 ( $ .03 per share ) . gain on previously held equity interest on 30 december 2014 , we acquired our partner 2019s equity ownership interest in a liquefied atmospheric industrial gases production joint venture in north america for $ 22.6 which increased our ownership from 50% ( 50 % ) to 100% ( 100 % ) . the transaction was accounted for as a business combination , and subsequent to the acquisition , the results are consolidated within our industrial gases 2013 americas segment . the assets acquired , primarily plant and equipment , were recorded at their fair value as of the acquisition date . the acquisition date fair value of the previously held equity interest was determined using a discounted cash flow analysis under the income approach . during the first quarter of 2015 , we recorded a gain of $ 17.9 ( $ 11.2 after-tax , or $ .05 per share ) as a result of revaluing our previously held equity interest to fair value as of the acquisition date . advisory costs during the fourth quarter of 2013 , we incurred legal and other advisory fees of $ 10.1 ( $ 6.4 after-tax , or $ .03 per share ) in connection with our response to the rapid acquisition of a large position in shares of our common stock by pershing square capital management llc and its affiliates . other income ( expense ) , net items recorded to other income ( expense ) , net arise from transactions and events not directly related to our principal income earning activities . the detail of other income ( expense ) , net is presented in note 24 , supplemental information , to the consolidated financial statements . 2015 vs . 2014 other income ( expense ) , net of $ 47.3 decreased $ 5.5 . the current year includes a gain of $ 33.6 ( $ 28.3 after-tax , or $ .13 per share ) resulting from the sale of two parcels of land . the gain was partially offset by unfavorable foreign exchange impacts and lower gains on other sales of assets and emissions credits . no other individual items were significant in comparison to the prior year . 2014 vs . 2013 other income ( expense ) , net of $ 52.8 decreased $ 17.4 , primarily due to higher gains from the sale of a number of small assets and investments , higher government grants , and a favorable commercial contract settlement in 2013 . otherwise , no individual items were significant in comparison to 2013 . interest expense .
||2015|2014|2013|
|interest incurred|$ 152.6|$ 158.1|$ 167.6|
|less : capitalized interest|49.1|33.0|25.8|
|interest expense|$ 103.5|$ 125.1|$ 141.8|
2015 vs . 2014 interest incurred decreased $ 5.5 . the decrease was driven by the impact of a stronger u.s . dollar on the translation of foreign currency interest of $ 12 , partially offset by a higher average debt balance of $ 7 . the change in capitalized interest was driven by a higher carrying value in construction in progress . 2014 vs . 2013 interest incurred decreased $ 9.5 . the decrease was primarily due to a lower average interest rate on the debt portfolio which reduced interest by $ 13 , partially offset by a higher average debt balance which increased interest by $ 6 . the change in capitalized interest was driven by a higher carrying value in construction in progress . loss on early retirement of debt in september 2015 , we made a payment of $ 146.6 to redeem 3000000 unidades de fomento ( 201cuf 201d ) series e 6.30% ( 6.30 % ) bonds due 22 january 2030 that had a carrying value of $ 130.0 and resulted in a net loss of $ 16.6 ( $ 14.2 after-tax , or $ .07 per share ) . .
Question: considering the years 2013-2015 , what is the highest value of interest incurred?
Answer: | 167.6 | considering the years 2013-2015 , what is the highest value of interest incurred? |
finqa1054 | Please answer the given financial question based on the context.
Context: table of contents adobe inc . notes to consolidated financial statements ( continued ) the table below represents the preliminary purchase price allocation to the acquired net tangible and intangible assets of marketo based on their estimated fair values as of the acquisition date and the associated estimated useful lives at that date . the fair values assigned to assets acquired and liabilities assumed are based on management 2019s best estimates and assumptions as of the reporting date and are considered preliminary pending finalization of valuation analyses pertaining to intangible assets acquired , deferred revenue and tax liabilities assumed including the calculation of deferred tax assets and liabilities . ( in thousands ) amount weighted average useful life ( years ) .
|( in thousands )|amount|weighted average useful life ( years )|
|customer contracts and relationships|$ 576900|11|
|purchased technology|444500|7|
|backlog|105800|2|
|non-competition agreements|12100|2|
|trademarks|328500|9|
|total identifiable intangible assets|1467800||
|net liabilities assumed|-191288 ( 191288 )|n/a|
|goodwill ( 1 )|3459751|n/a|
|total estimated purchase price|$ 4736263||
_________________________________________ ( 1 ) non-deductible for tax-purposes . identifiable intangible assets 2014customer relationships consist of marketo 2019s contractual relationships and customer loyalty related to their enterprise and commercial customers as well as technology partner relationships . the estimated fair value of the customer contracts and relationships was determined based on projected cash flows attributable to the asset . purchased technology acquired primarily consists of marketo 2019s cloud-based engagement marketing software platform . the estimated fair value of the purchased technology was determined based on the expected future cost savings resulting from ownership of the asset . backlog relates to subscription contracts and professional services . non-compete agreements include agreements with key marketo employees that preclude them from competing against marketo for a period of two years from the acquisition date . trademarks include the marketo trade name , which is well known in the marketing ecosystem . we amortize the fair value of these intangible assets on a straight-line basis over their respective estimated useful lives . goodwill 2014approximately $ 3.46 billion has been allocated to goodwill , and has been allocated in full to the digital experience reportable segment . goodwill represents the excess of the purchase price over the fair value of the underlying acquired net tangible and intangible assets . the factors that contributed to the recognition of goodwill included securing buyer-specific synergies that increase revenue and profits and are not otherwise available to a marketplace participant , acquiring a talented workforce and cost savings opportunities . net liabilities assumed 2014marketo 2019s tangible assets and liabilities as of october 31 , 2018 were reviewed and adjusted to their fair value as necessary . the net liabilities assumed included , among other items , $ 100.1 million in accrued expenses , $ 74.8 million in deferred revenue and $ 182.6 million in deferred tax liabilities , which were partially offset by $ 54.9 million in cash and cash equivalents and $ 72.4 million in trade receivables acquired . deferred revenue 2014included in net liabilities assumed is marketo 2019s deferred revenue which represents advance payments from customers related to subscription contracts and professional services . we estimated our obligation related to the deferred revenue using the cost build-up approach . the cost build-up approach determines fair value by estimating the direct and indirect costs related to supporting the obligation plus an assumed operating margin . the sum of the costs and assumed operating profit approximates , in theory , the amount that marketo would be required to pay a third party to assume the obligation . the estimated costs to fulfill the obligation were based on the near-term projected cost structure for subscription and professional services . as a result , we recorded an adjustment to reduce marketo 2019s carrying value of deferred revenue to $ 74.8 million , which represents our estimate of the fair value of the contractual obligations assumed based on a preliminary valuation. .
Question: what is the estimated yearly amortization expense related to trademarks?
Answer: | 36500.0 | what is the estimated yearly amortization expense related to trademarks? |
finqa1055 | Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements preferred shares 2013 in connection with the acquisition of western discussed in note 6 , the board of directors authorized a class of voting preferred stock consisting of 6 million shares . upon completion of the acquisition , we issued 5 million shares of this voting preferred stock to a trustee , who holds the shares for the benefit of the holders of the exchangeable shares discussed above . each share of voting preferred stock is entitled to one vote on all matters submitted to the holders of marathon common stock . each holder of exchangeable shares may direct the trustee to vote the number of shares of voting preferred stock equal to the number of shares of marathon common stock issuable upon the exchange of the exchangeable shares held by that holder . in no event will the aggregate number of votes entitled to be cast by the trustee with respect to the outstanding shares of voting preferred stock exceed the number of votes entitled to be cast with respect to the outstanding exchangeable shares . except as otherwise provided in our restated certificate of incorporation or by applicable law , the common stock and the voting preferred stock will vote together as a single class in the election of directors of marathon and on all other matters submitted to a vote of stockholders of marathon generally . the voting preferred stock will have no other voting rights except as required by law . other than dividends payable solely in shares of voting preferred stock , no dividend or other distribution , will be paid or payable to the holder of the voting preferred stock . in the event of any liquidation , dissolution or winding up of marathon , the holder of shares of the voting preferred stock will not be entitled to receive any assets of marathon available for distribution to its stockholders . the voting preferred stock is not convertible into any other class or series of the capital stock of marathon or into cash , property or other rights , and may not be redeemed . 26 . leases we lease a wide variety of facilities and equipment under operating leases , including land and building space , office equipment , production facilities and transportation equipment . most long-term leases include renewal options and , in certain leases , purchase options . future minimum commitments for capital lease obligations ( including sale-leasebacks accounted for as financings ) and for operating lease obligations having initial or remaining noncancelable lease terms in excess of one year are as follows : ( in millions ) capital obligations ( a ) operating obligations .
|( in millions )|capital lease obligations ( a )|operating lease obligations|
|2009|$ 40|$ 181|
|2010|45|133|
|2011|47|110|
|2012|60|100|
|2013|39|85|
|later years|426|379|
|sublease rentals|2013|-21 ( 21 )|
|total minimum lease payments|$ 657|$ 967|
|less imputed interest costs|-198 ( 198 )||
|present value of net minimum lease payments|$ 459||
( a ) capital lease obligations includes $ 335 million related to assets under construction as of december 31 , 2008 . these leases are currently reported in long-term debt based on percentage of construction completed at $ 126 million . in connection with past sales of various plants and operations , we assigned and the purchasers assumed certain leases of major equipment used in the divested plants and operations of united states steel . in the event of a default by any of the purchasers , united states steel has assumed these obligations ; however , we remain primarily obligated for payments under these leases . minimum lease payments under these operating lease obligations of $ 21 million have been included above and an equal amount has been reported as sublease rentals . of the $ 459 million present value of net minimum capital lease payments , $ 69 million was related to obligations assumed by united states steel under the financial matters agreement. .
Question: what are the total undiscounted minimum capital lease obligations in millions without considering the assets under construction as of december 31 , 2008?
Answer: | 322.0 | what are the total undiscounted minimum capital lease obligations in millions without considering the assets under construction as of december 31 , 2008? |
finqa1056 | Please answer the given financial question based on the context.
Context: adobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2013 . we elected to use the step 1 quantitative assessment for our three reporting units 2014digital media , digital marketing and print and publishing 2014and determined that there was no impairment of goodwill . there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2013 , 2012 or 2011 . our intangible assets are amortized over their estimated useful lives of 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|6|
|customer contracts and relationships|10|
|trademarks|8|
|acquired rights to use technology|8|
|localization|1|
|other intangibles|3|
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not. .
Question: what is the yearly amortization rate related to trademarks?
Answer: | 92.0 | what is the yearly amortization rate related to trademarks? |
finqa1057 | Please answer the given financial question based on the context.
Context: worldwide wholesale distribution channels the following table presents the number of doors by geographic location in which products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of april 2 , 2016: .
|location|number of doors|
|the americas ( a )|7741|
|europe ( b )|5625|
|asia ( c )|136|
|total|13502|
( a ) includes the u.s. , canada , and latin america . ( b ) includes the middle east . ( c ) includes australia and new zealand . we have three key wholesale customers that generate significant sales volume . during fiscal 2016 , sales to our largest wholesale customer , macy's , inc . ( "macy's" ) , accounted for approximately 11% ( 11 % ) and 25% ( 25 % ) of our total net revenues and total wholesale net revenues , respectively . further , during fiscal 2016 , sales to our three largest wholesale customers , including macy's , accounted for approximately 24% ( 24 % ) and 53% ( 53 % ) of our total net revenues and total wholesale net revenues , respectively . our products are sold primarily by our own sales forces . our wholesale segment maintains its primary showrooms in new york city . in addition , we maintain regional showrooms in milan , paris , london , munich , madrid , stockholm , and panama . shop-within-shops . as a critical element of our distribution to department stores , we and our licensing partners utilize shop-within-shops to enhance brand recognition , to permit more complete merchandising of our lines by the department stores , and to differentiate the presentation of our products . as of april 2 , 2016 , we had approximately 25000 shop-within-shops in our primary channels of distribution dedicated to our wholesale products worldwide . the size of our shop-within-shops ranges from approximately 100 to 9200 square feet . shop-within-shop fixed assets primarily include items such as customized freestanding fixtures , wall cases and components , decorative items , and flooring . we normally share in the cost of building out these shop-within-shops with our wholesale customers . basic stock replenishment program . basic products such as knit shirts , chino pants , oxford cloth shirts , select accessories , and home products can be ordered by our wholesale customers at any time through our basic stock replenishment program . we generally ship these products within two to five days of order receipt . our retail segment our retail segment sells directly to customers throughout the world via our 493 retail stores , totaling approximately 3.8 million square feet , and 583 concession-based shop-within-shops , as well as through our various e-commerce sites . the extension of our direct-to-consumer reach is one of our primary long-term strategic goals . we operate our retail business using an omni-channel retailing strategy that seeks to deliver an integrated shopping experience with a consistent message of our brands and products to our customers , regardless of whether they are shopping for our products in one of our physical stores or online . ralph lauren stores our ralph lauren stores feature a broad range of apparel , accessories , watch and jewelry , fragrance , and home product assortments in an atmosphere reflecting the distinctive attitude and image of the ralph lauren , polo , double rl , and denim & supply brands , including exclusive merchandise that is not sold in department stores . during fiscal 2016 , we opened 22 new ralph lauren stores and closed 21 stores . our ralph lauren stores are primarily situated in major upscale street locations and upscale regional malls , generally in large urban markets. .
Question: what percentage of doors in the wholesale segment as of april 2 , 2016 where in the europe geography?
Answer: | 0.4166 | what percentage of doors in the wholesale segment as of april 2 , 2016 where in the europe geography? |
finqa1058 | Please answer the given financial question based on the context.
Context: contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2018 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table . certain amounts in this table are based on management fffds estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. .
|( in millions )|payments due by period total|payments due by period fiscal 2019|payments due by period fiscal 2020and 2021|payments due by period fiscal 2022and 2023|payments due by period thereafter|
|long-term debt including current portionexcluding capital lease obligations ( 1 )|$ 6039.0|$ 726.6|$ 824.8|$ 1351.0|$ 3136.6|
|operating lease obligations ( 2 )|615.8|132.1|199.9|118.4|165.4|
|capital lease obligations ( 3 )|152.5|5.0|6.7|2.7|138.1|
|purchase obligations and other ( 4 ) ( 5 ) ( 6 )|2210.5|1676.6|224.1|114.9|194.9|
|total|$ 9017.8|$ 2540.3|$ 1255.5|$ 1587.0|$ 3635.0|
( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments . we have excluded $ 205.2 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations . see fffdnote 13 . debt fffd fffd of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments . ( 2 ) see fffdnote 14 . operating leases fffd of the notes to consolidated financial statements for additional information . ( 3 ) the fair value step-up of $ 18.5 million is excluded . see fffdnote 13 . debt fffd fffd capital lease and other indebtednesstt fffd of the notes to consolidated financial statements for additional information . ( 4 ) purchase obligations include agreements to purchase goods or services 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 provision ; and the approximate timing of the transaction . purchase obligations exclude agreements that are cancelable without penalty . ( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . our estimates are based on factors , such as discount rates and expected returns on plan assets . future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation . it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts . we have excluded $ 247.8 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2018 due to lack of definite payout terms for certain of the obligations . see fffdnote 4 . retirement plans fffd multiemployer plans fffd of the notes to consolidated financial statements for additional information . ( 6 ) we have not included the following items in the table : fffd an item labeled fffdother long-term liabilities fffd reflected on our consolidated balance sheet because these liabilities do not have a definite pay-out scheme . fffd $ 158.4 million from the line item fffdpurchase obligations and other fffd for certain provisions of the financial accounting standards board fffds ( fffdfasb fffd ) accounting standards codification ( fffdasc fffd ) 740 , fffdincome taxes fffd associated with liabilities for uncertain tax positions due to the uncertainty as to the amount and timing of payment , if any . in addition to the enforceable and legally binding obligations presented in the table above , we have other obligations for goods and services and raw materials entered into in the normal course of business . these contracts , however , are subject to change based on our business decisions . expenditures for environmental compliance see item 1 . fffdbusiness fffd fffd governmental regulation fffd environmental and other matters fffd , fffdbusiness fffd fffd governmental regulation fffd cercla and other remediation costs fffd , and fffd fffdbusiness fffd fffd governmental regulation fffd climate change fffd for a discussion of our expenditures for environmental compliance. .
Question: what percent of payments are differed until after 2023?
Answer: | 0.40309 | what percent of payments are differed until after 2023? |
finqa1059 | Please answer the given financial question based on the context.
Context: item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion and analysis is based primarily on the consolidated financial statements of welltower inc . presented in conformity with u.s . generally accepted accounting principles ( 201cu.s . gaap 201d ) for the periods presented and should be read together with the notes thereto contained in this annual report on form 10-k . other important factors are identified in 201citem 1 2014 business 201d and 201citem 1a 2014 risk factors 201d above . executive summary company overview welltower inc . ( nyse:well ) , an s&p 500 company headquartered in toledo , ohio , is driving the transformation of health care infrastructure . the company invests with leading seniors housing operators , post- acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people 2019s wellness and overall health care experience . welltowertm , a real estate investment trust ( 201creit 201d ) , owns interests in properties concentrated in major , high-growth markets in the united states ( 201cu.s . 201d ) , canada and the united kingdom ( 201cu.k . 201d ) , consisting of seniors housing and post-acute communities and outpatient medical properties . our capital programs , when combined with comprehensive planning , development and property management services , make us a single-source solution for acquiring , planning , developing , managing , repositioning and monetizing real estate assets . the following table summarizes our consolidated portfolio for the year ended december 31 , 2017 ( dollars in thousands ) : type of property noi ( 1 ) percentage of number of properties .
|type of property|noi ( 1 )|percentage of noi|number of properties|
|triple-net|$ 967084|43.3% ( 43.3 % )|573|
|seniors housing operating|880026|39.5% ( 39.5 % )|443|
|outpatient medical|384068|17.2% ( 17.2 % )|270|
|totals|$ 2231178|100.0% ( 100.0 % )|1286|
( 1 ) represents consolidated noi and excludes our share of investments in unconsolidated entities . entities in which we have a joint venture with a minority partner are shown at 100% ( 100 % ) of the joint venture amount . see non-gaap financial measures for additional information and reconciliation . business strategy our primary objectives are to protect stockholder capital and enhance stockholder value . we seek to pay consistent cash dividends to stockholders and create opportunities to increase dividend payments to stockholders as a result of annual increases in net operating income and portfolio growth . to meet these objectives , we invest across the full spectrum of seniors housing and health care real estate and diversify our investment portfolio by property type , relationship and geographic location . substantially all of our revenues are derived from operating lease rentals , resident fees/services , and interest earned on outstanding loans receivable . these items represent our primary sources of liquidity to fund distributions and depend upon the continued ability of our obligors to make contractual rent and interest payments to us and the profitability of our operating properties . to the extent that our obligors/partners experience operating difficulties and become unable to generate sufficient cash to make payments or operating distributions to us , there could be a material adverse impact on our consolidated results of operations , liquidity and/or financial condition . to mitigate this risk , we monitor our investments through a variety of methods determined by the type of property . our asset management process for seniors housing properties generally includes review of monthly financial statements and other operating data for each property , review of obligor/ partner creditworthiness , property inspections , and review of covenant compliance relating to licensure , real estate taxes , letters of credit and other collateral . our internal property management division manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations .
Question: what percent of total noi is from outpatient medical?
Answer: | 0.17214 | what percent of total noi is from outpatient medical? |
finqa1060 | Please answer the given financial question based on the context.
Context: page 30 of 94 are included in capital spending amounts . another example is the company 2019s decision in 2007 to contribute an additional $ 44.5 million ( $ 27.3 million ) to its pension plans as part of its overall debt reduction plan . based on this , our consolidated free cash flow is summarized as follows: .
|( $ in millions )|2007|2006|2005|
|cash flows from operating activities|$ 673.0|$ 401.4|$ 558.8|
|incremental pension funding net of tax|27.3|2013|2013|
|capital spending|-308.5 ( 308.5 )|-279.6 ( 279.6 )|-291.7 ( 291.7 )|
|proceeds for replacement of fire-damaged assets|48.6|61.3|2013|
|free cash flow|$ 440.4|$ 183.1|$ 267.1|
based on information currently available , we estimate cash flows from operating activities for 2008 to be approximately $ 650 million , capital spending to be approximately $ 350 million and free cash flow to be in the $ 300 million range . capital spending of $ 259.9 million ( net of $ 48.6 million in insurance recoveries ) in 2007 was below depreciation and amortization expense of $ 281 million . we continue to invest capital in our best performing operations , including projects to increase custom can capabilities , improve beverage can and end making productivity and add more beverage can capacity in europe , as well as expenditures in the aerospace and technologies segment . of the $ 350 million of planned capital spending for 2008 , approximately $ 180 million will be spent on top-line sales growth projects . debt facilities and refinancing interest-bearing debt at december 31 , 2007 , decreased $ 93.1 million to $ 2358.6 million from $ 2451.7 million at december 31 , 2006 . the 2007 debt decrease from 2006 was primarily attributed to debt payments offset by higher foreign exchange rates . at december 31 , 2007 , $ 705 million was available under the company 2019s multi-currency revolving credit facilities . the company also had $ 345 million of short-term uncommitted credit facilities available at the end of the year , of which $ 49.7 million was outstanding . on october 13 , 2005 , ball refinanced its senior secured credit facilities and during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due august 2006 primarily through the drawdown of funds under the new credit facilities . the refinancing and redemption resulted in a pretax debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) to reflect the call premium associated with the senior notes and the write off of unamortized debt issuance costs . the company has a receivables sales agreement that provides for the ongoing , revolving sale of a designated pool of trade accounts receivable of ball 2019s north american packaging operations , up to $ 250 million . the agreement qualifies as off-balance sheet financing under the provisions of statement of financial accounting standards ( sfas ) no . 140 , as amended by sfas no . 156 . net funds received from the sale of the accounts receivable totaled $ 170 million and $ 201.3 million at december 31 , 2007 and 2006 , respectively , and are reflected as a reduction of accounts receivable in the consolidated balance sheets . the company was not in default of any loan agreement at december 31 , 2007 , and has met all payment obligations . the u.s . note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness . additional details about the company 2019s receivables sales agreement and debt are available in notes 7 and 13 , respectively , accompanying the consolidated financial statements within item 8 of this report. .
Question: what would 2007 free cash flow have been without capital spending , in millions?
Answer: | 748.9 | what would 2007 free cash flow have been without capital spending , in millions? |
finqa1061 | Please answer the given financial question based on the context.
Context: higher average borrowings . additionally , the recapitalization that occurred late in the first quarter of 2005 resulted in a full year of interest in 2006 as compared to approximately ten months in 2005 . the increase in interest expense in 2005 as compared to 2004 also resulted from the recapitalization in 2005 . income tax expense income tax expense totaled $ 150.2 million , $ 116.1 million and $ 118.3 million for 2006 , 2005 and 2004 , respectively . this resulted in an effective tax rate of 37.2% ( 37.2 % ) , 37.2% ( 37.2 % ) and 37.6% ( 37.6 % ) for 2006 , 2005 and 2004 , respectively . net earnings net earnings totaled $ 259.1 million , $ 196.6 and $ 189.4 million for 2006 , 2005 and 2004 , respectively , or $ 1.37 , $ 1.53 and $ 1.48 per diluted share , respectively . segment results of operations transaction processing services ( in thousands ) .
||2006|2005|2004|
|processing and services revenues|$ 2458777|$ 1208430|$ 892033|
|cost of revenues|1914148|904124|667078|
|gross profit|544629|304306|224955|
|selling general and administrative expenses|171106|94889|99581|
|research and development costs|70879|85702|54038|
|operating income|$ 302644|$ 123715|$ 71336|
revenues for the transaction processing services segment are derived from three main revenue channels ; enterprise solutions , integrated financial solutions and international . revenues from transaction processing services totaled $ 2458.8 million , $ 1208.4 and $ 892.0 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1250.4 million during 2006 , as compared to 2005 was primarily attributable to the certegy merger which contributed $ 1067.2 million to the overall increase . the majority of the remaining 2006 growth is attributable to organic growth within the historically owned integrated financial solutions and international revenue channels , with international including $ 31.9 million related to the newly formed business process outsourcing operation in brazil . the overall segment increase of $ 316.4 in 2005 as compared to 2004 results from the inclusion of a full year of results for the 2004 acquisitions of aurum , sanchez , kordoba , and intercept , which contributed $ 301.1 million of the increase . cost of revenues for the transaction processing services segment totaled $ 1914.1 million , $ 904.1 million and $ 667.1 million for 2006 , 2005 and 2004 , respectively . the overall segment increase of $ 1010.0 million during 2006 as compared to 2005 was primarily attributable to the certegy merger which contributed $ 848.2 million to the increase . gross profit as a percentage of revenues ( 201cgross margin 201d ) was 22.2% ( 22.2 % ) , 25.2% ( 25.2 % ) and 25.2% ( 25.2 % ) for 2006 , 2005 and 2004 , respectively . the decrease in gross profit in 2006 as compared to 2005 is primarily due to the february 1 , 2006 certegy merger , which businesses typically have lower margins than those of the historically owned fis businesses . incremental intangible asset amortization relating to the certegy merger also contributed to the decrease in gross margin . included in cost of revenues was depreciation and amortization of $ 272.4 million , $ 139.8 million , and $ 94.6 million for 2006 , 2005 and 2004 , respectively . selling , general and administrative expenses totaled $ 171.1 million , $ 94.9 million and $ 99.6 million for 2006 , 2005 and 2004 , respectively . the increase in 2006 compared to 2005 is primarily attributable to the certegy merger which contributed $ 73.7 million to the overall increase of $ 76.2 million . the decrease of $ 4.7 million in 2005 as compared to 2004 is primarily attributable to the effect of acquisition related costs in 2004 . included in selling , general and administrative expenses was depreciation and amortization of $ 11.0 million , $ 9.1 million and $ 2.3 million for 2006 , 2005 and 2004 , respectively. .
Question: what was the percentage change in operating income from 2005 to 2006?
Answer: | 1.4463 | what was the percentage change in operating income from 2005 to 2006? |
finqa1062 | Please answer the given financial question based on the context.
Context: new accounting pronouncements information regarding new accounting pronouncements is included in note 1 to the consolidated financial statements . financial condition and liquidity the company generates significant ongoing cash flow . increases in long-term debt have been used , in part , to fund share repurchase activities and acquisitions . on november 15 , 2007 , 3m ( safety , security and protection services business ) announced that it had entered into a definitive agreement for 3m 2019s acquisition of 100 percent of the outstanding shares of aearo holding corp . e83a a global leader in the personal protection industry that manufactures and markets personal protection and energy absorbing products e83a for approximately $ 1.2 billion . the sale is expected to close towards the end of the first quarter of 2008 . at december 31 .
|( millions )|2007|2006|2005|
|total debt|$ 4920|$ 3553|$ 2381|
|less : cash cash equivalents and marketable securities|2955|2084|1072|
|net debt|$ 1965|$ 1469|$ 1309|
cash , cash equivalents and marketable securities at december 31 , 2007 totaled approximately $ 3 billion , helped by strong cash flow generation and by the timing of debt issuances . at december 31 , 2006 , cash balances were higher due to the significant pharmaceuticals sales proceeds received in december 2006 . 3m believes its ongoing cash flows provide ample cash to fund expected investments and capital expenditures . the company has sufficient access to capital markets to meet currently anticipated growth and acquisition investment funding needs . the company does not utilize derivative instruments linked to the company 2019s stock . however , the company does have contingently convertible debt that , if conditions for conversion are met , is convertible into shares of 3m common stock ( refer to note 10 in this document ) . the company 2019s financial condition and liquidity are strong . various assets and liabilities , including cash and short-term debt , can fluctuate significantly from month to month depending on short-term liquidity needs . working capital ( defined as current assets minus current liabilities ) totaled $ 4.476 billion at december 31 , 2007 , compared with $ 1.623 billion at december 31 , 2006 . working capital was higher primarily due to increases in cash and cash equivalents , short-term marketable securities , receivables and inventories and decreases in short-term debt and accrued income taxes . the company 2019s liquidity remains strong , with cash , cash equivalents and marketable securities at december 31 , 2007 totaling approximately $ 3 billion . primary short-term liquidity needs are provided through u.s . commercial paper and euro commercial paper issuances . as of december 31 , 2007 , outstanding total commercial paper issued totaled $ 349 million and averaged $ 1.249 billion during 2007 . the company believes it unlikely that its access to the commercial paper market will be restricted . in june 2007 , the company established a medium-term notes program through which up to $ 3 billion of medium-term notes may be offered , with remaining shelf borrowing capacity of $ 2.5 billion as of december 31 , 2007 . on april 30 , 2007 , the company replaced its $ 565-million credit facility with a new $ 1.5-billion five-year credit facility , which has provisions for the company to request an increase of the facility up to $ 2 billion ( at the lenders 2019 discretion ) , and providing for up to $ 150 million in letters of credit . as of december 31 , 2007 , there are $ 110 million in letters of credit drawn against the facility . at december 31 , 2007 , available short-term committed lines of credit internationally totaled approximately $ 67 million , of which $ 13 million was utilized . debt covenants do not restrict the payment of dividends . the company has a "well-known seasoned issuer" shelf registration statement , effective february 24 , 2006 , to register an indeterminate amount of debt or equity securities for future sales . the company intends to use the proceeds from future securities sales off this shelf for general corporate purposes . at december 31 , 2007 , certain debt agreements ( $ 350 million of dealer remarketable securities and $ 87 million of esop debt ) had ratings triggers ( bbb-/baa3 or lower ) that would require repayment of debt . the company has an aa credit rating , with a stable outlook , from standard & poor 2019s and an aa1 credit rating , with a negative outlook , from moody 2019s investors service . in addition , under the $ 1.5-billion five-year credit facility agreement , 3m is required to maintain its ebitda to interest ratio as of the end of each fiscal quarter at not less than 3.0 to 1 . this is calculated ( as defined in the agreement ) as the ratio of consolidated total ebitda for the four consecutive quarters then ended to total interest expense on all funded debt for the same period . at december 31 , 2007 , this ratio was approximately 35 to 1. .
Question: in 2007 what was the ratio of the total debt to cash cash equivalents and marketable securities
Answer: | 1.66497 | in 2007 what was the ratio of the total debt to cash cash equivalents and marketable securities |
finqa1063 | Please answer the given financial question based on the context.
Context: warfighter information network-tactical ( win-t ) ; command , control , battle management and communications ( c2bmc ) ; and twic ) . partially offsetting the decreases were higher net sales of approximately $ 140 million from qtc , which was acquired early in the fourth quarter of 2011 ; and about $ 65 million from increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support . is&gs 2019 operating profit for 2012 decreased $ 66 million , or 8% ( 8 % ) , compared to 2011 . the decrease was attributable to lower operating profit of approximately $ 50 million due to the favorable impact of the odin contract completion in 2011 ; about $ 25 million due to an increase in reserves for performance issues related to an international airborne surveillance system in 2012 ; and approximately $ 20 million due to lower volume on certain programs ( primarily c2bmc and win-t ) . partially offsetting the decreases was an increase in operating profit due to higher risk retirements of approximately $ 15 million from the twic program ; and about $ 10 million due to increased activity on numerous other programs , primarily federal cyber security programs and ptds operational support . operating profit for the jtrs program was comparable as a decrease in volume was offset by a decrease in reserves . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 20 million higher for 2012 compared to 2011 . backlog backlog decreased in 2013 compared to 2012 primarily due to lower orders on several programs ( such as eram and ngi ) , higher sales on certain programs ( the national science foundation antarctic support and the disa gsm-o ) , and declining activities on several smaller programs primarily due to the continued downturn in federal information technology budgets . 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 ) . trends we expect is&gs 2019 net sales to decline in 2014 in the high single digit percentage range as compared to 2013 primarily due to the continued downturn in federal information technology budgets . operating profit is also expected to decline in 2014 in the high single digit percentage range consistent with the expected decline in net sales , resulting in margins that are comparable with 2013 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics and other technical services ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; and manned and unmanned ground vehicles . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , joint air-to-surface standoff missile ( jassm ) , javelin , 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 ) : .
||2013|2012|2011|
|net sales|$ 7757|$ 7457|$ 7463|
|operating profit|1431|1256|1069|
|operating margins|18.4% ( 18.4 % )|16.8% ( 16.8 % )|14.3% ( 14.3 % )|
|backlog at year-end|15000|14700|14400|
2013 compared to 2012 mfc 2019s net sales for 2013 increased $ 300 million , or 4% ( 4 % ) , compared to 2012 . the increase was primarily attributable to higher net sales of approximately $ 450 million for air and missile defense programs ( thaad and pac-3 ) due to increased production volume and deliveries ; about $ 70 million for fire control programs due to net increased deliveries and volume ; and approximately $ 55 million for tactical missile programs due to net increased deliveries . the increases were partially offset by lower net sales of about $ 275 million for various technical services programs due to lower volume driven by the continuing impact of defense budget reductions and related competitive pressures . the increase for fire control programs was primarily attributable to increased deliveries on the sniper ae and lantirn ae programs , increased volume on the sof clss program , partially offset by lower volume on longbow fire control radar and other programs . the increase for tactical missile programs was primarily attributable to increased deliveries on jassm and other programs , partially offset by fewer deliveries on the guided multiple launch rocket system and javelin programs. .
Question: what was average operating margins for mfc from 2011 to 2013?
Answer: | 0.165 | what was average operating margins for mfc from 2011 to 2013? |
finqa1064 | Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements computed on a rolling 12 month basis . as of december 31 , 2008 , entergy louisiana was in compliance with these provisions . as of december 31 , 2008 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2009|$ 32452|
|2010|35138|
|2011|50421|
|2012|39067|
|2013|26301|
|years thereafter|137858|
|total|321237|
|less : amount representing interest|73512|
|present value of net minimum lease payments|$ 247725|
grand gulf lease obligations in december 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million . the interests represent approximately 11.5% ( 11.5 % ) of grand gulf . the leases expire in 2015 . under certain circumstances , system entergy may repurchase the leased interests prior to the end of the term of the leases . at the end of the lease terms , system energy has the option to repurchase the leased interests in grand gulf at fair market value or to renew the leases for either fair market value or , under certain conditions , a fixed rate . in may 2004 , system energy caused the grand gulf lessors to refinance the outstanding bonds that they had issued to finance the purchase of their undivided interest in grand gulf . the refinancing is at a lower interest rate , and system energy's lease payments have been reduced to reflect the lower interest costs . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation . however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes . consistent with a recommendation contained in a ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount of this net regulatory asset was $ 19.2 million and $ 36.6 million as of december 31 , 2008 and 2007 , respectively. .
Question: what portion of the future minimum lease payments for entergy louisiana will be used for interest payments?
Answer: | 0.22884 | what portion of the future minimum lease payments for entergy louisiana will be used for interest payments? |
finqa1065 | Please answer the given financial question based on the context.
Context: we also record an inventory obsolescence reserve , which represents the difference between the cost of the inventory and its estimated realizable value , based on various product sales projections . this reserve is calcu- lated using an estimated obsolescence percentage applied to the inventory based on age , historical trends and requirements to support forecasted sales . in addition , and as necessary , we may establish specific reserves for future known or anticipated events . pension and other post-retirement benefit costs we offer the following benefits to some or all of our employees : a domestic trust-based noncontributory qual- ified defined benefit pension plan ( 201cu.s . qualified plan 201d ) and an unfunded , non-qualified domestic noncon- tributory pension plan to provide benefits in excess of statutory limitations ( collectively with the u.s . qualified plan , the 201cdomestic plans 201d ) ; a domestic contributory defined contribution plan ; international pension plans , which vary by country , consisting of both defined benefit and defined contribution pension plans ; deferred compensation arrangements ; and certain other post- retirement benefit plans . the amounts needed to fund future payouts under our defined benefit pension and post-retirement benefit plans are subject to numerous assumptions and variables . cer- tain significant variables require us to make assumptions that are within our control such as an anticipated discount rate , expected rate of return on plan assets and future compensation levels . we evaluate these assumptions with our actuarial advisors and select assumptions that we believe reflect the economics underlying our pension and post-retirement obligations . while we believe these assumptions are within accepted industry ranges , an increase or decrease in the assumptions or economic events outside our control could have a direct impact on reported net earnings . the discount rate for each plan used for determining future net periodic benefit cost is based on a review of highly rated long-term bonds . for fiscal 2013 , we used a discount rate for our domestic plans of 3.90% ( 3.90 % ) and vary- ing rates on our international plans of between 1.00% ( 1.00 % ) and 7.00% ( 7.00 % ) . the discount rate for our domestic plans is based on a bond portfolio that includes only long-term bonds with an aa rating , or equivalent , from a major rating agency . as of june 30 , 2013 , we used an above-mean yield curve , rather than the broad-based yield curve we used before , because we believe it represents a better estimate of an effective settlement rate of the obligation , and the timing and amount of cash flows related to the bonds included in this portfolio are expected to match the estimated defined benefit payment streams of our domestic plans . the benefit obligation of our domestic plans would have been higher by approximately $ 34 mil- lion at june 30 , 2013 had we not used the above-mean yield curve . for our international plans , the discount rate in a particular country was principally determined based on a yield curve constructed from high quality corporate bonds in each country , with the resulting portfolio having a duration matching that particular plan . for fiscal 2013 , we used an expected return on plan assets of 7.50% ( 7.50 % ) for our u.s . qualified plan and varying rates of between 2.25% ( 2.25 % ) and 7.00% ( 7.00 % ) for our international plans . in determining the long-term rate of return for a plan , we consider the historical rates of return , the nature of the plan 2019s investments and an expectation for the plan 2019s investment strategies . see 201cnote 12 2014 pension , deferred compensation and post-retirement benefit plans 201d of notes to consolidated financial statements for details regarding the nature of our pension and post-retirement plan invest- ments . the difference between actual and expected return on plan assets is reported as a component of accu- mulated other comprehensive income . those gains/losses that are subject to amortization over future periods will be recognized as a component of the net periodic benefit cost in such future periods . for fiscal 2013 , our pension plans had actual return on assets of approximately $ 74 million as compared with expected return on assets of approximately $ 64 million . the resulting net deferred gain of approximately $ 10 million , when combined with gains and losses from previous years , will be amortized over periods ranging from approximately 7 to 22 years . the actual return on plan assets from our international pen- sion plans exceeded expectations , primarily reflecting a strong performance from fixed income and equity invest- ments . the lower than expected return on assets from our u.s . qualified plan was primarily due to weakness in our fixed income investments , partially offset by our strong equity returns . a 25 basis-point change in the discount rate or the expected rate of return on plan assets would have had the following effect on fiscal 2013 pension expense : 25 basis-point 25 basis-point increase decrease ( in millions ) .
|( in millions )|25 basis-point increase|25 basis-point decrease|
|discount rate|$ -3.5 ( 3.5 )|$ 3.9|
|expected return on assets|$ -2.5 ( 2.5 )|$ 2.7|
our post-retirement plans are comprised of health care plans that could be impacted by health care cost trend rates , which may have a significant effect on the amounts the est{e lauder companies inc . 115 .
Question: what is the average rate for the international plans?
Answer: | 0.04625 | what is the average rate for the international plans? |
finqa1066 | Please answer the given financial question based on the context.
Context: the relative percentages of operating companies income ( loss ) attributable to each reportable segment and the all other category were as follows: .
||2016|2015|2014|
|smokeable products|86.2% ( 86.2 % )|87.4% ( 87.4 % )|87.2% ( 87.2 % )|
|smokeless products|13.1|12.8|13.4|
|wine|1.8|1.8|1.7|
|all other|-1.1 ( 1.1 )|-2.0 ( 2.0 )|-2.3 ( 2.3 )|
|total|100.0% ( 100.0 % )|100.0% ( 100.0 % )|100.0% ( 100.0 % )|
for items affecting the comparability of the relative percentages of operating companies income ( loss ) attributable to each reportable segment , see note 16 . narrative description of business portions of the information called for by this item are included in operating results by business segment in item 7 . management 2019s discussion and analysis of financial condition and results of operations of this annual report on form 10-k ( 201citem 7 201d ) . tobacco space altria group , inc . 2019s tobacco operating companies include pm usa , usstc and other subsidiaries of ust , middleton , nu mark and nat sherman . altria group distribution company provides sales , distribution and consumer engagement services to altria group , inc . 2019s tobacco operating companies . the products of altria group , inc . 2019s tobacco subsidiaries include smokeable tobacco products , consisting of cigarettes manufactured and sold by pm usa and nat sherman , machine- made large cigars and pipe tobacco manufactured and sold by middleton and premium cigars sold by nat sherman ; smokeless tobacco products manufactured and sold by usstc ; and innovative tobacco products , including e-vapor products manufactured and sold by nu mark . cigarettes : pm usa is the largest cigarette company in the united states , with total cigarette shipment volume in the united states of approximately 122.9 billion units in 2016 , a decrease of 2.5% ( 2.5 % ) from 2015 . marlboro , the principal cigarette brand of pm usa , has been the largest-selling cigarette brand in the united states for over 40 years . nat sherman sells substantially all of its super-premium cigarettes in the united states . cigars : middleton is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco to customers , substantially all of which are located in the united states . middleton sources a portion of its cigars from an importer through a third-party contract manufacturing arrangement . total shipment volume for cigars was approximately 1.4 billion units in 2016 , an increase of 5.9% ( 5.9 % ) from 2015 . black & mild is the principal cigar brand of middleton . nat sherman sources its premium cigars from importers through third-party contract manufacturing arrangements and sells substantially all of its cigars in the united states . smokeless tobacco products : usstc is the leading producer and marketer of moist smokeless tobacco ( 201cmst 201d ) products . the smokeless products segment includes the premium brands , copenhagen and skoal , and value brands , red seal and husky . substantially all of the smokeless tobacco products are manufactured and sold to customers in the united states . total smokeless products shipment volume was 853.5 million units in 2016 , an increase of 4.9% ( 4.9 % ) from 2015 . innovative tobacco products : nu mark participates in the e-vapor category and has developed and commercialized other innovative tobacco products . in addition , nu mark sources the production of its e-vapor products through overseas contract manufacturing arrangements . in 2013 , nu mark introduced markten e-vapor products . in april 2014 , nu mark acquired the e-vapor business of green smoke , inc . and its affiliates ( 201cgreen smoke 201d ) , which began selling e-vapor products in 2009 . for a further discussion of the acquisition of green smoke , see note 3 . acquisition of green smoke to the consolidated financial statements in item 8 ( 201cnote 3 201d ) . in december 2013 , altria group , inc . 2019s subsidiaries entered into a series of agreements with philip morris international inc . ( 201cpmi 201d ) pursuant to which altria group , inc . 2019s subsidiaries provide an exclusive license to pmi to sell nu mark 2019s e-vapor products outside the united states , and pmi 2019s subsidiaries provide an exclusive license to altria group , inc . 2019s subsidiaries to sell two of pmi 2019s heated tobacco product platforms in the united states . further , in july 2015 , altria group , inc . announced the expansion of its strategic framework with pmi to include a joint research , development and technology-sharing agreement . under this agreement , altria group , inc . 2019s subsidiaries and pmi will collaborate to develop e-vapor products for commercialization in the united states by altria group , inc . 2019s subsidiaries and in markets outside the united states by pmi . this agreement also provides for exclusive technology cross licenses , technical information sharing and cooperation on scientific assessment , regulatory engagement and approval related to e-vapor products . in the fourth quarter of 2016 , pmi submitted a modified risk tobacco product ( 201cmrtp 201d ) application for an electronically heated tobacco product with the united states food and drug administration 2019s ( 201cfda 201d ) center for tobacco products and announced that it plans to file its corresponding pre-market tobacco product application during the first quarter of 2017 . the fda must determine whether to accept the applications for substantive review . upon regulatory authorization by the fda , altria group , inc . 2019s subsidiaries will have an exclusive license to sell this heated tobacco product in the united states . distribution , competition and raw materials : altria group , inc . 2019s tobacco subsidiaries sell their tobacco products principally to wholesalers ( including distributors ) , large retail organizations , including chain stores , and the armed services . the market for tobacco products is highly competitive , characterized by brand recognition and loyalty , with product quality , taste , price , product innovation , marketing , packaging and distribution constituting the significant methods of competition . promotional activities include , in certain instances and where .
Question: what would 2017 cigarette shipment volume in the united states be in billions if the same revenue change in 2016 occured?
Answer: | 122.875 | what would 2017 cigarette shipment volume in the united states be in billions if the same revenue change in 2016 occured? |
finqa1067 | Please answer the given financial question based on the context.
Context: local consumer lending local consumer lending ( lcl ) , which constituted approximately 70% ( 70 % ) of citi holdings by assets as of december 31 , 2010 , includes a portion of citigroup 2019s north american mortgage business , retail partner cards , western european cards and retail banking , citifinancial north america and other local consumer finance businesses globally . the student loan corporation is reported as discontinued operations within the corporate/other segment for the second half of 2010 only . at december 31 , 2010 , lcl had $ 252 billion of assets ( $ 226 billion in north america ) . approximately $ 129 billion of assets in lcl as of december 31 , 2010 consisted of u.s . mortgages in the company 2019s citimortgage and citifinancial operations . the north american assets consist of residential mortgage loans ( first and second mortgages ) , retail partner card loans , personal loans , commercial real estate ( cre ) , and other consumer loans and assets . 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|$ 13831|$ 12995|$ 17136|6% ( 6 % )|( 24 ) % ( % )|
|non-interest revenue|1995|4770|6362|-58 ( 58 )|-25 ( 25 )|
|total revenues net of interest expense|$ 15826|$ 17765|$ 23498|( 11 ) % ( % )|( 24 ) % ( % )|
|total operating expenses|$ 8064|$ 9799|$ 14238|( 18 ) % ( % )|( 31 ) % ( % )|
|net credit losses|$ 17040|$ 19185|$ 13111|( 11 ) % ( % )|46% ( 46 % )|
|credit reserve build ( release )|-1771 ( 1771 )|5799|8573|nm|-32 ( 32 )|
|provision for benefits and claims|775|1054|1192|-26 ( 26 )|-12 ( 12 )|
|provision for unfunded lending commitments|2014|2014|2014|2014|2014|
|provisions for credit losses and for benefits and claims|$ 16044|$ 26038|$ 22876|( 38 ) % ( % )|14% ( 14 % )|
|( loss ) from continuing operations before taxes|$ -8282 ( 8282 )|$ -18072 ( 18072 )|$ -13616 ( 13616 )|54% ( 54 % )|( 33 ) % ( % )|
|benefits for income taxes|-3289 ( 3289 )|-7656 ( 7656 )|-5259 ( 5259 )|57|-46 ( 46 )|
|( loss ) from continuing operations|$ -4993 ( 4993 )|$ -10416 ( 10416 )|$ -8357 ( 8357 )|52% ( 52 % )|( 25 ) % ( % )|
|net income attributable to noncontrolling interests|8|33|12|-76 ( 76 )|nm|
|net ( loss )|$ -5001 ( 5001 )|$ -10449 ( 10449 )|$ -8369 ( 8369 )|52% ( 52 % )|( 25 ) % ( % )|
|average assets ( in billions of dollars )|$ 324|$ 351|$ 420|( 8 ) % ( % )|-16 ( 16 )|
|net credit losses as a percentage of average loans|6.20% ( 6.20 % )|6.38% ( 6.38 % )|3.80% ( 3.80 % )|||
nm not meaningful 2010 vs . 2009 revenues , net of interest expense decreased 11% ( 11 % ) from the prior year . net interest revenue increased 6% ( 6 % ) due to the adoption of sfas 166/167 , partially offset by the impact of lower balances due to portfolio run-off and asset sales . non-interest revenue declined 58% ( 58 % ) , primarily due to the absence of the $ 1.1 billion gain on the sale of redecard in the first quarter of 2009 and a higher mortgage repurchase reserve charge . operating expenses decreased 18% ( 18 % ) , primarily due to the impact of divestitures , lower volumes , re-engineering actions and the absence of costs associated with the u.s . government loss-sharing agreement , which was exited in the fourth quarter of 2009 . provisions for credit losses and for benefits and claims decreased 38% ( 38 % ) , reflecting a net $ 1.8 billion credit reserve release in 2010 compared to a $ 5.8 billion build in 2009 . lower net credit losses across most businesses were partially offset by the impact of the adoption of sfas 166/167 . on a comparable basis , net credit losses were lower year-over-year , driven by improvement in u.s . mortgages , international portfolios and retail partner cards . assets declined 21% ( 21 % ) from the prior year , primarily driven by portfolio run-off , higher loan loss reserve balances , and the impact of asset sales and divestitures , partially offset by an increase of $ 41 billion resulting from the adoption of sfas 166/167 . key divestitures in 2010 included the student loan corporation , primerica , auto loans , the canadian mastercard business and u.s . retail sales finance portfolios . 2009 vs . 2008 revenues , net of interest expense decreased 24% ( 24 % ) from the prior year . net interest revenue was 24% ( 24 % ) lower than the prior year , primarily due to lower balances , de-risking of the portfolio , and spread compression . non-interest revenue decreased $ 1.6 billion , mostly driven by the impact of higher credit losses flowing through the securitization trusts , partially offset by the $ 1.1 billion gain on the sale of redecard in the first quarter of 2009 . operating expenses declined 31% ( 31 % ) from the prior year , due to lower volumes and reductions from expense re-engineering actions , and the impact of goodwill write-offs of $ 3.0 billion in the fourth quarter of 2008 , partially offset by higher costs associated with delinquent loans . provisions for credit losses and for benefits and claims increased 14% ( 14 % ) from the prior year , reflecting an increase in net credit losses of $ 6.1 billion , partially offset by lower reserve builds of $ 2.8 billion . higher net credit losses were primarily driven by higher losses of $ 3.6 billion in residential real estate lending , $ 1.0 billion in retail partner cards , and $ 0.7 billion in international . assets decreased $ 57 billion from the prior year , primarily driven by lower originations , wind-down of specific businesses , asset sales , divestitures , write- offs and higher loan loss reserve balances . key divestitures in 2009 included the fi credit card business , italy consumer finance , diners europe , portugal cards , norway consumer and diners club north america. .
Question: what percentage of total revenues net of interest expense where net interest revenues in 2010?
Answer: | 0.87394 | what percentage of total revenues net of interest expense where net interest revenues in 2010? |
finqa1068 | Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2015 annual report 67 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of 24 leading national money center and regional banks and thrifts . the s&p financial index is an index of 87 financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2010 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2010 2011 2012 2013 2014 2015 .
|december 31 ( in dollars )|2010|2011|2012|2013|2014|2015|
|jpmorgan chase|$ 100.00|$ 80.03|$ 108.98|$ 148.98|$ 163.71|$ 177.40|
|kbw bank index|100.00|76.82|102.19|140.77|153.96|154.71|
|s&p financial index|100.00|82.94|106.78|144.79|166.76|164.15|
|s&p 500 index|100.00|102.11|118.44|156.78|178.22|180.67|
december 31 , ( in dollars ) .
Question: did jpmorgan chase outperform the kbw bank index?
Answer: | yes | did jpmorgan chase outperform the kbw bank index? |
finqa1069 | Please answer the given financial question based on the context.
Context: note 4 : property , plant and equipment the following table summarizes the major classes of property , plant and equipment by category as of december 31 : 2015 2014 range of remaining useful weighted average useful life utility plant : land and other non-depreciable assets . . . . . . . . . . $ 141 $ 137 sources of supply . . . . . . . . . . . . . . . . . . . . . . . . . . 705 681 12 to 127 years 51 years treatment and pumping facilities . . . . . . . . . . . . . . 3070 2969 3 to 101 years 39 years transmission and distribution facilities . . . . . . . . . 8516 7963 9 to 156 years 83 years services , meters and fire hydrants . . . . . . . . . . . . . 3250 3062 8 to 93 years 35 years general structures and equipment . . . . . . . . . . . . . 1227 1096 1 to 154 years 39 years waste treatment , pumping and disposal . . . . . . . . . 313 281 2 to 115 years 46 years waste collection . . . . . . . . . . . . . . . . . . . . . . . . . . . 473 399 5 to 109 years 56 years construction work in progress . . . . . . . . . . . . . . . . 404 303 total utility plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18099 16891 nonutility property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 405 378 3 to 50 years 6 years total property , plant and equipment . . . . . . . . . . . . . . . $ 18504 $ 17269 property , plant and equipment depreciation expense amounted to $ 405 , $ 392 , and $ 374 for the years ended december 31 , 2015 , 2014 and 2013 , respectively and was included in depreciation and amortization expense in the accompanying consolidated statements of operations . the provision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was 3.13% ( 3.13 % ) for the year ended december 31 , 2015 and 3.20% ( 3.20 % ) for years december 31 , 2014 and 2013 . note 5 : allowance for uncollectible accounts the following table summarizes the changes in the company 2019s allowances for uncollectible accounts for the years ended december 31: .
||2015|2014|2013|
|balance as of january 1|$ -35 ( 35 )|$ -34 ( 34 )|$ -27 ( 27 )|
|amounts charged to expense|-32 ( 32 )|-37 ( 37 )|-27 ( 27 )|
|amounts written off|38|43|24|
|recoveries of amounts written off|-10 ( 10 )|-7 ( 7 )|-4 ( 4 )|
|balance as of december 31|$ -39 ( 39 )|$ -35 ( 35 )|$ -34 ( 34 )|
.
Question: what was the change in accumulated depreciation from depreciation expenses from 2013 to december 31 , 2015
Answer: | 1171.0 | what was the change in accumulated depreciation from depreciation expenses from 2013 to december 31 , 2015 |
finqa1070 | Please answer the given financial question based on the context.
Context: worldwide distribution channels the following table presents the number of doors by geographic location , in which ralph lauren-branded products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of march 31 , 2012 : location number of .
|location|number of doors|
|the americas|6587|
|europe|4377|
|asia|83|
|total|11047|
in addition , american living and chaps-branded products distributed by our wholesale segment were sold domestically through approximately 1800 doors as of march 31 , 2012 . we have three key wholesale customers that generate significant sales volume . for fiscal 2012 , these customers in the aggregate accounted for approximately 40% ( 40 % ) of total wholesale revenues , with macy 2019s , inc . representing approximately 20% ( 20 % ) of total wholesale revenues . our product brands are sold primarily through our own sales forces . our wholesale segment maintains its primary showrooms in new york city . in addition , we maintain regional showrooms in chicago , dallas , milan , paris , london , munich , madrid , stockholm and tokyo . shop-within-shops . as a critical element of our distribution to department stores , we and our licensing partners utilize shop-within-shops to enhance brand recognition , to permit more complete merchandising of our lines by the department stores and to differentiate the presentation of products . shop-within- shop fixed assets primarily include items such as customized freestanding fixtures , wall cases and components , decorative items and flooring . as of march 31 , 2012 , we had approximately 18000 shop-within-shops dedicated to our ralph lauren-branded wholesale products worldwide . the size of our shop-within-shops ranges from approximately 300 to 7400 square feet . we normally share in the cost of building-out these shop-within-shops with our wholesale customers . basic stock replenishment program . basic products such as knit shirts , chino pants , oxford cloth shirts , and selected accessories ( including footwear ) and home products can be ordered at any time through our basic stock replenishment programs . we generally ship these products within two-to-five days of order receipt . our retail segment as of march 31 , 2012 , our retail segment consisted of 379 stores worldwide , totaling approximately 2.9 million gross square feet , 474 concessions- based shop-within-shops and six e-commerce websites . the extension of our direct-to-consumer reach is a primary long-term strategic goal . ralph lauren retail stores our ralph lauren retail stores reinforce the luxury image and distinct sensibility of our brands and feature exclusive lines that are not sold in domestic department stores . we opened 10 new ralph lauren stores , acquired 3 previously licensed stores , and closed 16 ralph lauren stores in fiscal 2012 . our retail stores are primarily situated in major upscale street locations and upscale regional malls , generally in large urban markets. .
Question: what percentage of worldwide distribution channels doors as of march 31 , 2012 where in the americas?
Answer: | 0.59627 | what percentage of worldwide distribution channels doors as of march 31 , 2012 where in the americas? |
finqa1071 | Please answer the given financial question based on the context.
Context: item 15 . exhibits , financial statement schedules . ( continued ) kinder morgan , inc . form 10-k .
|kinder morgan liquids terminals llc-n.j . development revenue bonds due january 15 2018 kinder morgan columbus llc-5.50% ( llc-5.50 % ) ms development revenue note due september 1 2022|25.0 8.2|25.0 8.2|
|kinder morgan operating l.p . 201cb 201d-jackson-union cos . il revenue bonds due april 1 2024|23.7|23.7|
|international marine terminals-plaquemines la revenue bonds due march 15 2025|40.0|40.0|
|other miscellaneous subsidiary debt|1.3|1.3|
|unamortized debt discount on long-term debt|-20.3 ( 20.3 )|-21.2 ( 21.2 )|
|current maturities of long-term debt|-1263.3 ( 1263.3 )|-596.6 ( 596.6 )|
|total long-term debt 2013 kmp|$ 10282.8|$ 10007.5|
____________ ( a ) as a result of the implementation of asu 2009-17 , effective january 1 , 2010 , we ( i ) include the transactions and balances of our business trust , k n capital trust i and k n capital trust iii , in our consolidated financial statements and ( ii ) no longer include our junior subordinated deferrable interest debentures issued to the capital trusts ( see note 18 201crecent accounting pronouncements 201d ) . ( b ) kmp issued its $ 500 million in principal amount of 9.00% ( 9.00 % ) senior notes due february 1 , 2019 in december 2008 . each holder of the notes has the right to require kmp to repurchase all or a portion of the notes owned by such holder on february 1 , 2012 at a purchase price equal to 100% ( 100 % ) of the principal amount of the notes tendered by the holder plus accrued and unpaid interest to , but excluding , the repurchase date . on and after february 1 , 2012 , interest will cease to accrue on the notes tendered for repayment . a holder 2019s exercise of the repurchase option is irrevocable . kinder morgan kansas , inc . the 2028 and 2098 debentures and the 2012 and 2015 senior notes are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements . the 2027 debentures are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option after november 1 , 2004 at redemption prices defined in the associated prospectus supplements . on september 2 , 2010 , kinder morgan kansas , inc . paid the remaining $ 1.1 million principal balance outstanding on kinder morgan kansas , inc . 2019s 6.50% ( 6.50 % ) series debentures , due 2013 . kinder morgan finance company , llc on december 20 , 2010 , kinder morgan finance company , llc , a wholly owned subsidiary of kinder morgan kansas , inc. , completed a public offering of senior notes . it issued a total of $ 750 million in principal amount of 6.00% ( 6.00 % ) senior notes due january 15 , 2018 . net proceeds received from the issuance of the notes , after underwriting discounts and commissions , were $ 744.2 million , which were used to retire the principal amount of the 5.35% ( 5.35 % ) senior notes that matured on january 5 , 2011 . the 2011 , 2016 , 2018 and 2036 senior notes issued by kinder morgan finance company , llc are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices defined in the associated prospectus supplements . each series of these notes is fully and unconditionally guaranteed by kinder morgan kansas , inc . on a senior unsecured basis as to principal , interest and any additional amounts required to be paid as a result of any withholding or deduction for canadian taxes . capital trust securities kinder morgan kansas , inc . 2019s business trusts , k n capital trust i and k n capital trust iii , are obligated for $ 12.7 million of 8.56% ( 8.56 % ) capital trust securities maturing on april 15 , 2027 and $ 14.4 million of 7.63% ( 7.63 % ) capital trust securities maturing on april 15 , 2028 , respectively , which it guarantees . the 2028 securities are redeemable in whole or in part , at kinder morgan kansas , inc . 2019s option at any time , at redemption prices as defined in the associated prospectus . the 2027 securities are redeemable in whole or in part at kinder morgan kansas , inc . 2019s option and at any time in certain limited circumstances upon the occurrence of certain events and at prices , all defined in the associated prospectus supplements . upon redemption by kinder morgan kansas , inc . or at maturity of the junior subordinated deferrable interest debentures , it must use the proceeds to make redemptions of the capital trust securities on a pro rata basis. .
Question: what is the aggregate , inclusive of current maturities of total long-term debt 2013 kmp after the implementation of asu 2009-17 is current maturities , in millions?
Answer: | 11546.1 | what is the aggregate , inclusive of current maturities of total long-term debt 2013 kmp after the implementation of asu 2009-17 is current maturities , in millions? |
finqa1072 | Please answer the given financial question based on the context.
Context: note 17 . debt our debt as of december 2 , 2011 and december 3 , 2010 consisted of the following ( in thousands ) : capital lease obligations total debt and capital lease obligations less : current portion debt and capital lease obligations $ 1494627 19681 1514308 $ 1505096 $ 1493969 28492 1522461 $ 1513662 in february 2010 , we issued $ 600.0 million of 3.25% ( 3.25 % ) senior notes due february 1 , 2015 ( the 201c2015 notes 201d ) and $ 900.0 million of 4.75% ( 4.75 % ) senior notes due february 1 , 2020 ( the 201c2020 notes 201d and , together with the 2015 notes , the 201cnotes 201d ) . our proceeds were approximately $ 1.5 billion and were net of an issuance discount of $ 6.6 million . the notes rank equally with our other unsecured and unsubordinated indebtedness . in addition , we incurred issuance costs of approximately $ 10.7 million . both the discount and issuance costs are being amortized to interest expense over the respective terms of the notes using the effective interest method . the effective interest rate including the discount and issuance costs is 3.45% ( 3.45 % ) for the 2015 notes and 4.92% ( 4.92 % ) for the 2020 notes . interest is payable semi-annually , in arrears , on february 1 and august 1 , commencing on august 1 , 2010 . during fiscal 2011 interest payments totaled $ 62.3 million . the proceeds from the notes are available for general corporate purposes , including repayment of any balance outstanding on our credit facility . based on quoted market prices , the fair value of the notes was approximately $ 1.6 billion as of december 2 , 2011 . we may redeem the notes at any time , subject to a make whole premium . in addition , upon the occurrence of certain change of control triggering events , we may be required to repurchase the notes , at a price equal to 101% ( 101 % ) of their principal amount , plus accrued and unpaid interest to the date of repurchase . the notes also include covenants that limit our ability to grant liens on assets and to enter into sale and leaseback transactions , subject to significant allowances . as of december 2 , 2011 , we were in compliance with all of the covenants . credit agreement in august 2007 , we entered into an amendment to our credit agreement dated february 2007 ( the 201camendment 201d ) , which increased the total senior unsecured revolving facility from $ 500.0 million to $ 1.0 billion . the amendment also permits us to request one-year extensions effective on each anniversary of the closing date of the original agreement , subject to the majority consent of the lenders . we also retain an option to request an additional $ 500.0 million in commitments , for a maximum aggregate facility of $ 1.5 billion . in february 2008 , we entered into a second amendment to the credit agreement dated february 26 , 2008 , which extended the maturity date of the facility by one year to february 16 , 2013 . the facility would terminate at this date if no additional extensions have been requested and granted . all other terms and conditions remain the same . the facility contains a financial covenant requiring us not to exceed a certain maximum leverage ratio . at our option , borrowings under the facility accrue interest based on either the london interbank offered rate ( 201clibor 201d ) for one , two , three or six months , or longer periods with bank consent , plus a margin according to a pricing grid tied to this financial covenant , or a base rate . the margin is set at rates between 0.20% ( 0.20 % ) and 0.475% ( 0.475 % ) . commitment fees are payable on the facility at rates between 0.05% ( 0.05 % ) and 0.15% ( 0.15 % ) per year based on the same pricing grid . the facility is available to provide loans to us and certain of our subsidiaries for general corporate purposes . on february 1 , 2010 , we paid the outstanding balance on our credit facility and the entire $ 1.0 billion credit line under this facility remains available for borrowing . capital lease obligation in june 2010 , we entered into a sale-leaseback agreement to sell equipment totaling $ 32.2 million and leaseback the same equipment over a period of 43 months . this transaction was classified as a capital lease obligation and recorded at fair value . as of december 2 , 2011 , our capital lease obligations of $ 19.7 million includes $ 9.2 million of current debt . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
||2011|2010|
|notes|$ 1494627|$ 1493969|
|capital lease obligations|19681|28492|
|total debt and capital lease obligations|1514308|1522461|
|less : current portion|9212|8799|
|debt and capital lease obligations|$ 1505096|$ 1513662|
note 17 . debt our debt as of december 2 , 2011 and december 3 , 2010 consisted of the following ( in thousands ) : capital lease obligations total debt and capital lease obligations less : current portion debt and capital lease obligations $ 1494627 19681 1514308 $ 1505096 $ 1493969 28492 1522461 $ 1513662 in february 2010 , we issued $ 600.0 million of 3.25% ( 3.25 % ) senior notes due february 1 , 2015 ( the 201c2015 notes 201d ) and $ 900.0 million of 4.75% ( 4.75 % ) senior notes due february 1 , 2020 ( the 201c2020 notes 201d and , together with the 2015 notes , the 201cnotes 201d ) . our proceeds were approximately $ 1.5 billion and were net of an issuance discount of $ 6.6 million . the notes rank equally with our other unsecured and unsubordinated indebtedness . in addition , we incurred issuance costs of approximately $ 10.7 million . both the discount and issuance costs are being amortized to interest expense over the respective terms of the notes using the effective interest method . the effective interest rate including the discount and issuance costs is 3.45% ( 3.45 % ) for the 2015 notes and 4.92% ( 4.92 % ) for the 2020 notes . interest is payable semi-annually , in arrears , on february 1 and august 1 , commencing on august 1 , 2010 . during fiscal 2011 interest payments totaled $ 62.3 million . the proceeds from the notes are available for general corporate purposes , including repayment of any balance outstanding on our credit facility . based on quoted market prices , the fair value of the notes was approximately $ 1.6 billion as of december 2 , 2011 . we may redeem the notes at any time , subject to a make whole premium . in addition , upon the occurrence of certain change of control triggering events , we may be required to repurchase the notes , at a price equal to 101% ( 101 % ) of their principal amount , plus accrued and unpaid interest to the date of repurchase . the notes also include covenants that limit our ability to grant liens on assets and to enter into sale and leaseback transactions , subject to significant allowances . as of december 2 , 2011 , we were in compliance with all of the covenants . credit agreement in august 2007 , we entered into an amendment to our credit agreement dated february 2007 ( the 201camendment 201d ) , which increased the total senior unsecured revolving facility from $ 500.0 million to $ 1.0 billion . the amendment also permits us to request one-year extensions effective on each anniversary of the closing date of the original agreement , subject to the majority consent of the lenders . we also retain an option to request an additional $ 500.0 million in commitments , for a maximum aggregate facility of $ 1.5 billion . in february 2008 , we entered into a second amendment to the credit agreement dated february 26 , 2008 , which extended the maturity date of the facility by one year to february 16 , 2013 . the facility would terminate at this date if no additional extensions have been requested and granted . all other terms and conditions remain the same . the facility contains a financial covenant requiring us not to exceed a certain maximum leverage ratio . at our option , borrowings under the facility accrue interest based on either the london interbank offered rate ( 201clibor 201d ) for one , two , three or six months , or longer periods with bank consent , plus a margin according to a pricing grid tied to this financial covenant , or a base rate . the margin is set at rates between 0.20% ( 0.20 % ) and 0.475% ( 0.475 % ) . commitment fees are payable on the facility at rates between 0.05% ( 0.05 % ) and 0.15% ( 0.15 % ) per year based on the same pricing grid . the facility is available to provide loans to us and certain of our subsidiaries for general corporate purposes . on february 1 , 2010 , we paid the outstanding balance on our credit facility and the entire $ 1.0 billion credit line under this facility remains available for borrowing . capital lease obligation in june 2010 , we entered into a sale-leaseback agreement to sell equipment totaling $ 32.2 million and leaseback the same equipment over a period of 43 months . this transaction was classified as a capital lease obligation and recorded at fair value . as of december 2 , 2011 , our capital lease obligations of $ 19.7 million includes $ 9.2 million of current debt . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what is total capital lease obligations in millions?
Answer: | 48173.0 | what is total capital lease obligations in millions? |
finqa1073 | Please answer the given financial question based on the context.
Context: additionally , the latin american soft alloy extrusions business previously included in corporate was moved into the new transportation and construction solutions segment . the remaining engineered products and solutions segment consists of the alcoa fastening systems and rings ( renamed to include portions of the firth rixson business acquired in november 2014 ) , alcoa power and propulsion ( includes the tital business acquired in march 2015 ) , alcoa forgings and extrusions ( includes the other portions of firth rixson ) , and alcoa titanium and engineered products ( a new business unit that consists solely of the rti international metals business acquired in july 2015 ) business units . segment information for all prior periods presented was updated to reflect the new segment structure . atoi for all reportable segments totaled $ 1906 in 2015 , $ 1968 in 2014 , and $ 1267 in 2013 . the following information provides shipments , sales , and atoi data for each reportable segment , as well as certain production , realized price , and average cost data , for each of the three years in the period ended december 31 , 2015 . see note q to the consolidated financial statements in part ii item 8 of this form 10-k for additional information . alumina .
||2015|2014|2013|
|alumina production ( kmt )|15720|16606|16618|
|third-party alumina shipments ( kmt )|10755|10652|9966|
|alcoa 2019s average realized price per metric ton of alumina|$ 317|$ 324|$ 328|
|alcoa 2019s average cost per metric ton of alumina*|$ 237|$ 282|$ 295|
|third-party sales|$ 3455|$ 3509|$ 3326|
|intersegment sales|1687|1941|2235|
|total sales|$ 5142|$ 5450|$ 5561|
|atoi|$ 746|$ 370|$ 259|
* includes all production-related costs , including raw materials consumed ; conversion costs , such as labor , materials , and utilities ; depreciation , depletion , and amortization ; and plant administrative expenses . this segment represents a portion of alcoa 2019s upstream operations and consists of the company 2019s worldwide refining system . alumina mines bauxite , from which alumina is produced and then sold directly to external smelter customers , as well as to the primary metals segment ( see primary metals below ) , or to customers who process it into industrial chemical products . more than half of alumina 2019s production is sold under supply contracts to third parties worldwide , while the remainder is used internally by the primary metals segment . alumina produced by this segment and used internally is transferred to the primary metals segment at prevailing market prices . a portion of this segment 2019s third- party sales are completed through the use of agents , alumina traders , and distributors . generally , the sales of this segment are transacted in u.s . dollars while costs and expenses of this segment are transacted in the local currency of the respective operations , which are the australian dollar , the brazilian real , the u.s . dollar , and the euro . awac is an unincorporated global joint venture between alcoa and alumina limited and consists of a number of affiliated operating entities , which own , or have an interest in , or operate the bauxite mines and alumina refineries within the alumina segment ( except for the poc 0327os de caldas refinery in brazil and a portion of the sa 0303o lul 0301s refinery in brazil ) . alcoa owns 60% ( 60 % ) and alumina limited owns 40% ( 40 % ) of these individual entities , which are consolidated by the company for financial reporting purposes . as such , the results and analysis presented for the alumina segment are inclusive of alumina limited 2019s 40% ( 40 % ) interest . in december 2014 , awac completed the sale of its ownership stake in jamalco , a bauxite mine and alumina refinery joint venture in jamaica , to noble group ltd . jamalco was 55% ( 55 % ) owned by a subsidiary of awac , and , while owned by awac , 55% ( 55 % ) of both the operating results and assets and liabilities of this joint venture were included in the alumina segment . as it relates to awac 2019s previous 55% ( 55 % ) ownership stake , the refinery ( awac 2019s share of the capacity was 779 kmt-per-year ) generated sales ( third-party and intersegment ) of approximately $ 200 in 2013 , and the refinery and mine combined , at the time of divestiture , had approximately 500 employees . see restructuring and other charges in results of operations above. .
Question: what is the percentual reduction of intersegment sales concerning the total sales during 2013 and 2014?
Answer: | 0.04576 | what is the percentual reduction of intersegment sales concerning the total sales during 2013 and 2014? |
finqa1074 | Please answer the given financial question based on the context.
Context: the weighted average fair value of options granted during 2010 , 2009 and 2008 was estimated to be $ 7.84 , $ 7.18 and $ 3.84 , respectively , using the black-scholes option pricing model with the assumptions below: .
||2010|2009|2008|
|risk free interest rate|1.1% ( 1.1 % )|2.3% ( 2.3 % )|2.8% ( 2.8 % )|
|volatility|35.6% ( 35.6 % )|35.0% ( 35.0 % )|26.0% ( 26.0 % )|
|dividend yield|0.7% ( 0.7 % )|1.0% ( 1.0 % )|1.0% ( 1.0 % )|
|weighted average expected life ( years )|4.4|5.0|5.3|
at december 31 , 2010 and 2009 , the total unrecognized compensation cost related to non-vested stock awards is $ 129.3 million and $ 93.5 million , respectively , which is expected to be recognized in pre-tax income over a weighted average period of 1.7 years as of both year ends . the company granted a total of 1.5 million restricted stock awards at prices ranging from $ 25.76 to $ 28.15 on various dates in 2010 . these awards vest annually over three years . the company also granted 0.9 million performance restricted stock units during 2010 . these performance restricted stock units have been granted at the maximum achievable level and the number of shares that can vest is based on specific revenue and ebitda goals for periods from 2010 through 2012 . during 2009 , we granted 0.5 million shares of restricted stock at a price of $ 22.55 that vest annually over 3 years . on october 1 , 2009 , the company granted 0.4 million restricted stock units at a price of $ 24.85 per share that vested over six months . on march 20 , 2008 , we granted 0.4 million shares of restricted stock at a price of $ 38.75 that were to vest quarterly over 2 years . on july 2 , 2008 , 0.2 million of these shares were canceled and assumed by lps . the remaining unvested restricted shares were converted by the conversion factor of 1.7952 . these awards vested as of october 1 , 2009 , under the change in control provisions due to the metavante acquisition . on october 27 , 2008 , we granted 0.8 million shares of restricted stock at a price of $ 14.35 that vest annually over 3 years . as of december 31 , 2010 and 2009 , we have approximately 2.2 million and 1.4 million unvested restricted shares remaining . as of december 31 , 2010 we also have 0.6 million of restricted stock units that have not vested . share repurchase plans on october 25 , 2006 , our board of directors approved a plan authorizing repurchases of up to $ 200.0 million worth of our common stock ( the 201cold plan 201d ) . on april 17 , 2008 , our board of directors approved a plan authorizing repurchases of up to an additional $ 250.0 million worth of our common stock ( the 201cnew plan 201d ) . under the new plan we repurchased 5.8 million shares of our stock for $ 226.2 million , at an average price of $ 38.97 for the year ended december 31 , 2008 . during the year ended december 31 , 2008 , we also repurchased an additional 0.2 million shares of our stock for $ 10.0 million at an average price of $ 40.56 under the old plan . during 2007 , the company repurchased 1.6 million shares at an average price of $ 49.15 under the old plan . on february 4 , 2010 our board of directors approved a plan authorizing repurchases of up to 15.0 million shares of our common stock in the open market , at prevailing market prices or in privately negotiated transactions , through january 31 , 2013 . we repurchased 1.4 million shares of our common stock for $ 32.2 million , at an average price of $ 22.97 through march 31 , 2010 . no additional shares were repurchased under this plan during the year ended december 31 , 2010 . approximately 13.6 million shares of our common stock remain available to repurchase under this plan as of december 31 , 2010 . on may 25 , 2010 , our board of directors authorized a leveraged recapitalization plan to repurchase up to $ 2.5 billion of our common stock at a price range of $ 29.00 2014 $ 31.00 per share of common stock through a modified 201cdutch auction 201d tender offer ( the 201ctender offer 201d ) . the tender offer commenced on july 6 , 2010 and expired on august 3 , 2010 . the tender offer was oversubscribed at $ 29.00 , resulting in the purchase of 86.2 million shares , including 6.4 million shares underlying previously unexercised stock options . the repurchased shares were added to treasury stock . fidelity national information services , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : g26369 pcn : 087000000 ***%%pcmsg|87 |00008|yes|no|03/28/2011 17:32|0|0|page is valid , no graphics -- color : n| .
Question: assuming a stock price of $ 22.97 in 2010 , what would be the dividend per share?
Answer: | 0.16079 | assuming a stock price of $ 22.97 in 2010 , what would be the dividend per share? |
finqa1075 | Please answer the given financial question based on the context.
Context: lkq corporation and subsidiaries notes to consolidated financial statements ( continued ) note 5 . long-term obligations ( continued ) as part of the consideration for business acquisitions completed during 2007 , 2006 and 2005 , we issued promissory notes totaling approximately $ 1.7 million , $ 7.2 million and $ 6.4 million , respectively . the notes bear interest at annual rates of 3.0% ( 3.0 % ) to 6.0% ( 6.0 % ) , and interest is payable at maturity or in monthly installments . we also assumed certain liabilities in connection with a business acquisition during the second quarter of 2005 , including a promissory note with a remaining principle balance of approximately $ 0.2 million . the annual interest rate on the note , which was retired during 2006 , was note 6 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2007 are as follows ( in thousands ) : years ending december 31: .
|2008|$ 42335|
|2009|33249|
|2010|25149|
|2011|17425|
|2012|11750|
|thereafter|28581|
|future minimum lease payments|$ 158489|
rental expense for operating leases was approximately $ 27.4 million , $ 18.6 million and $ 12.2 million during the years ended december 31 , 2007 , 2006 and 2005 , respectively . we guaranty the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guaranties at december 31 , 2007 , the guarantied residual value would have totaled approximately $ 24.0 million . litigation and related contingencies on december 2 , 2005 , ford global technologies , llc ( 2018 2018ford 2019 2019 ) filed a complaint with the united states international trade commission ( 2018 2018usitc 2019 2019 ) against keystone and five other named respondents , including four taiwan-based manufacturers . on december 12 , 2005 , ford filed an amended complaint . both the complaint and the amended complaint contended that keystone and the other respondents infringed 14 design patents that ford alleges cover eight parts on the 2004-2005 .
Question: what was the percentage change in rental expense from 2006 to 2007?
Answer: | 0.47312 | what was the percentage change in rental expense from 2006 to 2007? |
finqa1076 | Please answer the given financial question based on the context.
Context: prior to its adoption of sfas no . 123 ( r ) , the company recorded compensation expense for restricted stock awards on a straight-line basis over their vesting period . if an employee forfeited the award prior to vesting , the company reversed out the previously expensed amounts in the period of forfeiture . as required upon adoption of sfas no . 123 ( r ) , the company must base its accruals of compensation expense on the estimated number of awards for which the requisite service period is expected to be rendered . actual forfeitures are no longer recorded in the period of forfeiture . in 2005 , the company recorded a pre-tax credit of $ 2.8 million in cumulative effect of accounting change , that represents the amount by which compensation expense would have been reduced in periods prior to adoption of sfas no . 123 ( r ) for restricted stock awards outstanding on july 1 , 2005 that are anticipated to be forfeited . a summary of non-vested restricted stock award and restricted stock unit activity is presented below : shares ( in thousands ) weighted- average date fair .
||shares ( in thousands )|weighted- average grant date fair value|
|non-vested at december 31 2006:|2878|$ 13.01|
|issued|830|$ 22.85|
|released ( vested )|-514 ( 514 )|$ 15.93|
|canceled|-1197 ( 1197 )|$ 13.75|
|non-vested at december 31 2007:|1997|$ 15.91|
as of december 31 , 2007 , there was $ 15.3 million of total unrecognized compensation cost related to non-vested awards . this cost is expected to be recognized over a weighted-average period of 1.6 years . the total fair value of restricted shares and restricted stock units vested was $ 11.0 million , $ 7.5 million and $ 4.1 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively . employee stock purchase plan the shareholders of the company previously approved the 2002 employee stock purchase plan ( 201c2002 purchase plan 201d ) , and reserved 5000000 shares of common stock for sale to employees at a price no less than 85% ( 85 % ) of the lower of the fair market value of the common stock at the beginning of the one-year offering period or the end of each of the six-month purchase periods . under sfas no . 123 ( r ) , the 2002 purchase plan was considered compensatory . effective august 1 , 2005 , the company changed the terms of its purchase plan to reduce the discount to 5% ( 5 % ) and discontinued the look-back provision . as a result , the purchase plan was not compensatory beginning august 1 , 2005 . for the year ended december 31 , 2005 , the company recorded $ 0.4 million in compensation expense for its employee stock purchase plan for the period in which the 2002 plan was considered compensatory until the terms were changed august 1 , 2005 . at december 31 , 2007 , 757123 shares were available for purchase under the 2002 purchase plan . 401 ( k ) plan the company has a 401 ( k ) salary deferral program for eligible employees who have met certain service requirements . the company matches certain employee contributions ; additional contributions to this plan are at the discretion of the company . total contribution expense under this plan was $ 5.7 million , $ 5.7 million and $ 5.2 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively. .
Question: what was the percentage change in total contribution expense under the plan between 2006 and 2007?
Answer: | 0.0 | what was the percentage change in total contribution expense under the plan between 2006 and 2007? |
finqa1077 | Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2007 and 2006. .
|2007|high|low|
|quarter ended march 31|$ 41.31|$ 36.63|
|quarter ended june 30|43.84|37.64|
|quarter ended september 30|45.45|36.34|
|quarter ended december 31|46.53|40.08|
|2006|high|low|
|quarter ended march 31|$ 32.68|$ 26.66|
|quarter ended june 30|35.75|27.35|
|quarter ended september 30|36.92|29.98|
|quarter ended december 31|38.74|35.21|
on february 29 , 2008 , the closing price of our class a common stock was $ 38.44 per share as reported on the nyse . as of february 29 , 2008 , we had 395748826 outstanding shares of class a common stock and 528 registered holders . dividends we have never paid a dividend on any class of our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 201c7.50% ( 201c7.50 % ) notes 201d ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 201c7.125% ( 201c7.125 % ) notes 201d ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . the loan agreement for our revolving credit facility and the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied . in addition , while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization . for more information about the restrictions under the loan agreement for the revolving credit facility , our notes indentures and the loan agreement related to the securitization , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 3 to our consolidated financial statements included in this annual report. .
Question: what is the growth rate in the price of shares from the highest value during the quarter ended december 31 , 2007 and the closing price on february 29 , 2008?
Answer: | -0.17387 | what is the growth rate in the price of shares from the highest value during the quarter ended december 31 , 2007 and the closing price on february 29 , 2008? |
finqa1078 | Please answer the given financial question based on the context.
Context: secured financing is primarily conducted through citi 2019s broker-dealer subsidiaries to facilitate customer matched-book activity and to efficiently fund a portion of the trading inventory . secured financing appears as a liability on citi 2019s consolidated balance sheet ( 201csecurities loaned or sold under agreements to repurchase 201d ) . as of december 31 , 2010 , secured financing was $ 189.6 billion and averaged approximately $ 207 billion during the quarter ended december 31 , 2010 . secured financing at december 31 , 2010 increased by $ 35 billion from $ 154.3 billion at december 31 , 2009 . during the same period , reverse repos and securities borrowing increased by $ 25 billion . the majority of secured financing is collateralized by highly liquid government , government-backed and government agency securities . this collateral comes primarily from citi 2019s trading assets and its secured lending , and is part of citi 2019s client matched-book activity given that citi both borrows and lends similar asset types on a secured basis . the minority of secured financing is collateralized by less liquid collateral , and supports both citi 2019s trading assets as well as the business of secured lending to customers , which is also part of citi 2019s client matched-book activity . the less liquid secured borrowing is carefully calibrated by asset quality , tenor and counterparty exposure , including those that might be sensitive to ratings stresses , in order to increase the reliability of the funding . citi believes there are several potential mitigants available to it in the event of stress on the secured financing markets for less liquid collateral . citi 2019s significant liquidity resources in its non-bank entities as of december 31 , 2010 , supplemented by collateralized liquidity transfers between entities , provide a cushion . within the matched-book activity , the secured lending positions , which are carefully managed in terms of collateral and tenor , could be unwound to provide additional liquidity under stress . citi also has excess funding capacity for less liquid collateral with existing counterparties that can be accessed during potential dislocation . in addition , citi has the ability to adjust the size of select trading books to provide further mitigation . at december 31 , 2010 , commercial paper outstanding for citigroup 2019s non- bank entities and bank subsidiaries , respectively , was as follows : in billions of dollars non-bank bank ( 1 ) citigroup .
|in billions of dollars|non-bank|bank|-1 ( 1 )|total citigroup|
|commercial paper|$ 9.7|$ 15.0||$ 24.7|
( 1 ) includes $ 15 billion of commercial paper related to vies consolidated effective january 1 , 2010 with the adoption of sfas 166/167 . other short-term borrowings of approximately $ 54 billion ( as set forth in the secured financing and short-term borrowings table above ) include $ 42.4 billion of borrowings from banks and other market participants , which includes borrowings from the federal home loan banks . this represented a decrease of approximately $ 11 billion as compared to year-end 2009 . the average balance of borrowings from banks and other market participants for the quarter ended december 31 , 2010 was approximately $ 43 billion . other short-term borrowings also include $ 11.7 billion of broker borrowings at december 31 , 2010 , which averaged approximately $ 13 billion for the quarter ended december 31 , 2010 . see notes 12 and 19 to the consolidated financial statements for further information on citigroup 2019s and its affiliates 2019 outstanding long-term debt and short-term borrowings . liquidity transfer between entities liquidity is generally transferable within the non-bank , subject to regulatory restrictions ( if any ) and standard legal terms . similarly , the non-bank can generally transfer excess liquidity into citi 2019s bank subsidiaries , such as citibank , n.a . in addition , citigroup 2019s bank subsidiaries , including citibank , n.a. , can lend to the citigroup parent and broker-dealer in accordance with section 23a of the federal reserve act . as of december 31 , 2010 , the amount available for lending under section 23a was approximately $ 26.6 billion , provided the funds are collateralized appropriately. .
Question: what percentage of commercial paper outstanding as of december 31 , 2010 was for bank subsidiaries?
Answer: | 0.60729 | what percentage of commercial paper outstanding as of december 31 , 2010 was for bank subsidiaries? |
finqa1079 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations ( continued ) detail with respect to our investment portfolio as of december 31 , 2014 and 2013 is provided in note 3 to the consolidated financial statements included under item 8 of this form 10-k . loans and leases averaged $ 15.91 billion for the year ended 2014 , up from $ 13.78 billion in 2013 . the increase was mainly related to mutual fund lending and our continued investment in senior secured bank loans . mutual fund lending and senior secured bank loans averaged approximately $ 9.12 billion and $ 1.40 billion , respectively , for the year ended december 31 , 2014 compared to $ 8.16 billion and $ 170 million for the year ended december 31 , 2013 , respectively . average loans and leases also include short- duration advances . table 13 : u.s . and non-u.s . short-duration advances years ended december 31 .
|( in millions )|2014|2013|2012|
|average u.s . short-duration advances|$ 2355|$ 2356|$ 1972|
|average non-u.s . short-duration advances|1512|1393|1393|
|average total short-duration advances|$ 3867|$ 3749|$ 3365|
|average short-durance advances to average loans and leases|24% ( 24 % )|27% ( 27 % )|29% ( 29 % )|
average u.s . short-duration advances $ 2355 $ 2356 $ 1972 average non-u.s . short-duration advances 1512 1393 1393 average total short-duration advances $ 3867 $ 3749 $ 3365 average short-durance advances to average loans and leases 24% ( 24 % ) 27% ( 27 % ) 29% ( 29 % ) the decline in proportion of the average daily short-duration advances to average loans and leases is primarily due to growth in the other segments of the loan and lease portfolio . short-duration advances provide liquidity to clients in support of their investment activities . although average short-duration advances for the year ended december 31 , 2014 increased compared to the year ended december 31 , 2013 , 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 $ 15.94 billion for the year ended december 31 , 2014 from $ 11.16 billion for the year ended december 31 , 2013 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our enhanced custody business . aggregate average interest-bearing deposits increased to $ 130.30 billion for the year ended december 31 , 2014 from $ 109.25 billion for year ended 2013 . the higher levels were primarily the result of increases in both u.s . and non-u.s . transaction accounts and time deposits . 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 increased to $ 4.18 billion for the year ended december 31 , 2014 from $ 3.79 billion for the year ended 2013 . the increase was the result of a higher level of client demand for our commercial paper . the decline in rates paid from 1.6% ( 1.6 % ) in 2013 to 0.1% ( 0.1 % ) in 2014 resulted from a reclassification of certain derivative contracts that hedge our interest-rate risk on certain assets and liabilities , which reduced interest revenue and interest expense . average long-term debt increased to $ 9.31 billion for the year ended december 31 , 2014 from $ 8.42 billion for the year ended december 31 , 2013 . the increase primarily reflected the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , $ 1.0 billion of senior debt issued in november 2013 , and $ 1.0 billion of senior debt issued in december 2014 . this is partially offset by the maturities of $ 500 million of senior debt in may 2014 and $ 250 million of senior debt in march 2014 . average other interest-bearing liabilities increased to $ 7.35 billion for the year ended december 31 , 2014 from $ 6.46 billion for the year ended december 31 , 2013 , primarily the result of higher levels of cash collateral received from clients in connection with our enhanced custody business . 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 , municipal 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 influence what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .
Question: what is the percentage change in the average total short-duration advances from 2013 to 2014?
Answer: | 0.03148 | what is the percentage change in the average total short-duration advances from 2013 to 2014? |
finqa1080 | Please answer the given financial question based on the context.
Context: valuation of long-lived assets we estimate the useful lives of long-lived assets and make estimates concerning undiscounted cash flows to review for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset ( or asset group ) may not be recoverable . fair value is measured using discounted cash flows or independent appraisals , as appropriate . intangible assets goodwill and other indefinite-lived intangible assets are not subject to amortization and are tested for impairment annually and whenever events or changes in circumstances indicate that impairment may have occurred . our estimates of fair value for goodwill impairment testing are determined based on a discounted cash flow model . we use inputs from our long-range planning process to determine growth rates for sales and profits . we also make estimates of discount rates , perpetuity growth assumptions , market comparables , and other factors . we evaluate the useful lives of our other intangible assets , mainly brands , to determine if they are finite or indefinite-lived . reaching a determination on useful life requires significant judgments and assumptions regarding the future effects of obsolescence , demand , competition , other economic factors ( such as the stability of the industry , known technological advances , legislative action that results in an uncertain or changing regulatory environment , and expected changes in distribution channels ) , the level of required maintenance expenditures , and the expected lives of other related groups of assets . intangible assets that are deemed to have definite lives are amortized on a straight-line basis , over their useful lives , generally ranging from 4 to 30 years . our estimate of the fair value of our brand assets is based on a discounted cash flow model using inputs which include projected revenues from our long-range plan , assumed royalty rates that could be payable if we did not own the brands , and a discount rate . as of may 26 , 2019 , we had $ 20.6 billion of goodwill and indefinite-lived intangible assets . while we currently believe that the fair value of each intangible exceeds its carrying value and that those intangibles so classified will contribute indefinitely to our cash flows , materially different assumptions regarding future performance of our businesses or a different weighted-average cost of capital could result in material impairment losses and amortization expense . we performed our fiscal 2019 assessment of our intangible assets as of the first day of the second quarter of fiscal 2019 . as a result of lower sales projections in our long-range plans for the businesses supporting the progresso , food should taste good , and mountain high brand intangible assets , we recorded the following impairment charges : in millions impairment charge fair value nov . 25 , 2018 progresso $ 132.1 $ 330.0 food should taste good 45.1 - mountain high 15.4 - .
|in millions|impairment charge|fair value as of nov . 25 2018|
|progresso|$ 132.1|$ 330.0|
|food should taste good|45.1|-|
|mountain high|15.4|-|
|total|$ 192.6|$ 330.0|
significant assumptions used in that assessment included our long-range cash flow projections for the businesses , royalty rates , weighted-average cost of capital rates , and tax rates. .
Question: by how much is the net income reduced due to the impairment charges?
Answer: | 192.6 | by how much is the net income reduced due to the impairment charges? |
finqa1081 | Please answer the given financial question based on the context.
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) high quality financial institutions . such balances may be in excess of fdic insured limits . to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits . concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas . we provide services to small-container , large-container , municipal and residential , and energy services customers in the united states and puerto rico . we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables . we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information . accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal , energy services and other services . our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash . the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value . provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions . we also review outstanding balances on an account-specific basis . in general , reserves are provided for accounts receivable in excess of 90 days outstanding . past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due . the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: .
||2017|2016|2015|
|balance at beginning of year|$ 44.0|$ 46.7|$ 38.9|
|additions charged to expense|30.6|20.4|22.7|
|accounts written-off|-35.7 ( 35.7 )|-23.1 ( 23.1 )|-14.9 ( 14.9 )|
|balance at end of year|$ 38.9|$ 44.0|$ 46.7|
restricted cash and marketable securities as of december 31 , 2017 , we had $ 141.1 million of restricted cash and marketable securities of which $ 71.4 million supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability . additionally , we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers . the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance . as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets . in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance . at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts . property and equipment we record property and equipment at cost . expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred . when property is retired or .
Question: what was the percent of the decline in the account balance in the allowance for doubtful accounts from 2016 to 2017
Answer: | -0.05782 | what was the percent of the decline in the account balance in the allowance for doubtful accounts from 2016 to 2017 |
finqa1082 | Please answer the given financial question based on the context.
Context: entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to the base rate increases and the volume/weather effect , as discussed above . fuel and purchased power expenses increased primarily due to an increase in demand coupled with an increase in deferred fuel expense as a result of lower fuel refunds in 2011 versus 2010 , partially offset by a decrease in the average market price of natural gas . other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $ 17.4 million to customers of the 2007 rough production cost equalization remedy receipts . see note 2 to the financial statements for further discussion of the rough production cost equalization proceedings . 2010 compared to 2009 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 2010 to 2009 . amount ( in millions ) .
||amount ( in millions )|
|2009 net revenue|$ 485.1|
|net wholesale revenue|27.7|
|volume/weather|27.2|
|rough production cost equalization|18.6|
|retail electric price|16.3|
|securitization transition charge|15.3|
|purchased power capacity|-44.3 ( 44.3 )|
|other|-5.7 ( 5.7 )|
|2010 net revenue|$ 540.2|
the net wholesale revenue variance is primarily due to increased sales to municipal and co-op customers due to the addition of new contracts . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , resulting from a 1.5% ( 1.5 % ) increase in customers , coupled with the effect of more favorable weather on residential sales . billed electricity usage increased a total of 777 gwh , or 5% ( 5 % ) . the rough production cost equalization variance is due to an additional $ 18.6 million allocation recorded in the second quarter of 2009 for 2007 rough production cost equalization receipts ordered by the puct to texas retail customers over what was originally allocated to entergy texas prior to the jurisdictional separation of entergy gulf states , inc . into entergy gulf states louisiana and entergy texas , effective december 2007 , as discussed in note 2 to the financial statements . the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 as a result of the settlement of the december 2009 rate case . see note 2 to the financial statements for further discussion of the rate case settlement . the securitization transition charge variance is due to the issuance of securitization bonds . in november 2009 , entergy texas restoration funding , llc , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . the securitization transition charge is offset with a corresponding increase in interest on long-term debt with no impact on net income . see note 5 to the financial statements for further discussion of the securitization bond issuance. .
Question: what is the growth rate in net revenue from 2009 to 2010?
Answer: | 0.11358 | what is the growth rate in net revenue from 2009 to 2010? |
finqa1083 | Please answer the given financial question based on the context.
Context: part i item 1 entergy corporation , utility operating companies , and system energy louisiana parishes in which it holds non-exclusive franchises . entergy louisiana's electric franchises expire during 2009-2036 . entergy mississippi has received from the mpsc certificates of public convenience and necessity to provide electric service to areas within 45 counties , including a number of municipalities , in western mississippi . under mississippi statutory law , such certificates are exclusive . entergy mississippi may continue to serve in such municipalities upon payment of a statutory franchise fee , regardless of whether an original municipal franchise is still in existence . entergy new orleans provides electric and gas service in the city of new orleans pursuant to city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) . these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans' electric and gas utility properties . entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 24 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 65 incorporated municipalities . entergy texas typically is granted 50-year franchises . entergy texas' electric franchises expire during 2009-2045 . the business of system energy is limited to wholesale power sales . it has no distribution franchises . property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2008 , is indicated below: .
|company|owned and leased capability mw ( 1 ) total|owned and leased capability mw ( 1 ) gas/oil|owned and leased capability mw ( 1 ) nuclear|owned and leased capability mw ( 1 ) coal|owned and leased capability mw ( 1 ) hydro|
|entergy arkansas|4999|1883|1839|1207|70|
|entergy gulf states louisiana|3574|2240|971|363|-|
|entergy louisiana|5854|4685|1169|-|-|
|entergy mississippi|3224|2804|-|420|-|
|entergy new orleans|745|745|-|-|-|
|entergy texas|2543|2274|-|269|-|
|system energy|1139|-|1139|-|-|
|total|22078|14631|5118|2259|70|
( 1 ) "owned and leased capability" is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize . the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections . these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy . summer peak load in the entergy system service territory has averaged 21039 mw from 2002-2008 . due to changing use patterns , peak load growth has nearly flattened while annual energy use continues to grow . in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands . in this time period entergy met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market . in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing .
Question: what percent of the total owned and leased capability is owned by entergy louisiana?
Answer: | 0.26515 | what percent of the total owned and leased capability is owned by entergy louisiana? |
finqa1084 | 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: what is the total mw capacity of the boiling water reactors?
Answer: | 2131.0 | what is the total mw capacity of the boiling water reactors? |
finqa1085 | Please answer the given financial question based on the context.
Context: table of contents certain 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 dispatchers 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 2016 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2015 , a one cent per gallon increase in aviation fuel price would increase our 2016 annual fuel expense by $ 44 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2015 and 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 pergallon|aircraft fuel expense|percent of total mainline operating expenses|
|2015|3611|$ 1.72|$ 6226|21.6% ( 21.6 % )|
|2014|3644|2.91|10592|33.2% ( 33.2 % )|
total fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american were $ 1.2 billion and $ 2.0 billion for the years ended december 31 , 2015 and 2014 , respectively . as of december 31 , 2015 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices and significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d insurance we maintain insurance of the types that we believe are customary in the airline industry , including insurance for public liability , passenger liability , property damage , and all-risk coverage for damage to our aircraft . principal coverage includes liability for injury to members of the public , including passengers , damage to .
Question: what was total mainline operating expenses for 2014?
Answer: | 31903.61446 | what was total mainline operating expenses for 2014? |
finqa1086 | Please answer the given financial question based on the context.
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: .
|( dollars in thousands )|years ended december 31 , 2015|years ended december 31 , 2014|years ended december 31 , 2013|
|interest expense incurred|$ -|$ -|$ 8181|
holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover named storm and earthquake events . the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) . on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) . the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what is the total value of notes issues by kilimanjaro in 2014 and 2015?
Answer: | 1575000.0 | what is the total value of notes issues by kilimanjaro in 2014 and 2015? |
finqa1087 | Please answer the given financial question based on the context.
Context: table of contents part ii price range our common stock commenced trading on the nasdaq national market under the symbol 201cmktx 201d on november 5 , 2004 . prior to that date , there was no public market for our common stock . on november 4 , 2004 , the registration statement relating to our initial public offering was declared effective by the sec . the high and low bid information for our common stock , as reported by nasdaq , was as follows : on march 28 , 2005 , the last reported closing price of our common stock on the nasdaq national market was $ 10.26 . holders there were approximately 188 holders of record of our common stock as of march 28 , 2005 . dividend policy we have not declared or paid any cash dividends on our capital stock since our inception . we intend to retain future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future . in the event we decide to declare dividends on our common stock in the future , such declaration will be subject to the discretion of our board of directors . our board may take into account such matters as general business conditions , our financial results , capital requirements , contractual , legal , and regulatory restrictions on the payment of dividends by us to our stockholders or by our subsidiaries to us and any such other factors as our board may deem relevant . use of proceeds on november 4 , 2004 , the registration statement relating to our initial public offering ( no . 333-112718 ) was declared effective . we received net proceeds from the sale of the shares of our common stock in the offering of $ 53.9 million , at an initial public offering price of $ 11.00 per share , after deducting underwriting discounts and commissions and estimated offering expenses . additionally , prior to the closing of the initial public offering , all outstanding shares of convertible preferred stock were converted into 14484493 shares of common stock and 4266310 shares of non-voting common stock . the underwriters for our initial public offering were credit suisse first boston llc , j.p . morgan securities inc. , banc of america securities llc , bear , stearns & co . inc . and ubs securities llc . all of the underwriters are affiliates of some of our broker-dealer clients and affiliates of some our institutional investor clients . in addition , affiliates of all the underwriters are stockholders of ours . except for salaries , and reimbursements for travel expenses and other out-of-pocket costs incurred in the ordinary course of business , none of the proceeds from the offering have been paid by us , directly or indirectly , to any of our directors or officers or any of their associates , or to any persons owning ten percent or more of our outstanding stock or to any of our affiliates . as of december 31 , 2004 , we have not used any of the net proceeds from the initial public offering for product development costs , sales and marketing activities and working capital . we have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities pending their use for these or other purposes . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities november 5 , 2004 december 31 , 2004 .
|high|low|
|$ 24.41|$ 12.75|
.
Question: what was the market cap of common stock as of march 28 , 2005?
Answer: | 1928.88 | what was the market cap of common stock as of march 28 , 2005? |
finqa1088 | Please answer the given financial question based on the context.
Context: part i item 1 entergy corporation , utility operating companies , and system energy louisiana parishes in which it holds non-exclusive franchises . entergy louisiana's electric franchises expire during 2009-2036 . entergy mississippi has received from the mpsc certificates of public convenience and necessity to provide electric service to areas within 45 counties , including a number of municipalities , in western mississippi . under mississippi statutory law , such certificates are exclusive . entergy mississippi may continue to serve in such municipalities upon payment of a statutory franchise fee , regardless of whether an original municipal franchise is still in existence . entergy new orleans provides electric and gas service in the city of new orleans pursuant to city ordinances ( except electric service in algiers , which is provided by entergy louisiana ) . these ordinances contain a continuing option for the city of new orleans to purchase entergy new orleans' electric and gas utility properties . entergy texas holds a certificate of convenience and necessity from the puct to provide electric service to areas within approximately 24 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 65 incorporated municipalities . entergy texas typically is granted 50-year franchises . entergy texas' electric franchises expire during 2009-2045 . the business of system energy is limited to wholesale power sales . it has no distribution franchises . property and other generation resources generating stations the total capability of the generating stations owned and leased by the utility operating companies and system energy as of december 31 , 2008 , is indicated below: .
|company|owned and leased capability mw ( 1 ) total|owned and leased capability mw ( 1 ) gas/oil|owned and leased capability mw ( 1 ) nuclear|owned and leased capability mw ( 1 ) coal|owned and leased capability mw ( 1 ) hydro|
|entergy arkansas|4999|1883|1839|1207|70|
|entergy gulf states louisiana|3574|2240|971|363|-|
|entergy louisiana|5854|4685|1169|-|-|
|entergy mississippi|3224|2804|-|420|-|
|entergy new orleans|745|745|-|-|-|
|entergy texas|2543|2274|-|269|-|
|system energy|1139|-|1139|-|-|
|total|22078|14631|5118|2259|70|
( 1 ) "owned and leased capability" is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel ( assuming no curtailments ) that each station was designed to utilize . the entergy system's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections . these reviews consider existing and projected demand , the availability and price of power , the location of new load , and the economy . summer peak load in the entergy system service territory has averaged 21039 mw from 2002-2008 . due to changing use patterns , peak load growth has nearly flattened while annual energy use continues to grow . in the 2002 time period , the entergy system's long-term capacity resources , allowing for an adequate reserve margin , were approximately 3000 mw less than the total capacity required for peak period demands . in this time period entergy met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market . in the fall of 2002 , the entergy system began a program to add new resources to its existing generation portfolio and began a process of issuing .
Question: what portion of the total properties operated by entergy corporation are used by entergy arkansas?
Answer: | 0.22642 | what portion of the total properties operated by entergy corporation are used by entergy arkansas? |
finqa1089 | Please answer the given financial question based on the context.
Context: contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . there were no contributions to our legacy qualified defined benefit pension plans during 2016 . we do not plan to make contributions to our legacy pension plans in 2017 because none are required using current assumptions including investment returns on plan assets . we made $ 23 million in contributions during 2016 to our newly established sikorsky pension plan and expect to make $ 45 million in contributions to this plan during 2017 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2016 ( in millions ) : .
||2017|2018|2019|2020|2021|2022 2013 2026|
|qualified defined benefit pension plans|$ 2260|$ 2340|$ 2420|$ 2510|$ 2590|$ 13920|
|retiree medical and life insurance plans|180|180|190|190|190|870|
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 617 million in 2016 , $ 393 million in 2015 and $ 385 million in 2014 , the majority of which were funded in our common stock . our defined contribution plans held approximately 36.9 million and 40.0 million shares of our common stock as of december 31 , 2016 and 2015 . note 12 2013 stockholders 2019 equity at december 31 , 2016 and 2015 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 290 million shares of common stock issued and outstanding as of december 31 , 2016 , 289 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2016 or 2015 . repurchases of common stock during 2016 , we repurchased 8.9 million shares of our common stock for $ 2.1 billion . during 2015 and 2014 , we paid $ 3.1 billion and $ 1.9 billion to repurchase 15.2 million and 11.5 million shares of our common stock . on september 22 , 2016 , our board of directors approved a $ 2.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.5 billion as of december 31 , 2016 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 1.7 billion and $ 2.4 billion recorded as a reduction of retained earnings in 2016 and 2015 . we paid dividends totaling $ 2.0 billion ( $ 6.77 per share ) in 2016 , $ 1.9 billion ( $ 6.15 per share ) in 2015 and $ 1.8 billion ( $ 5.49 per share ) in 2014 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2016 . we declared quarterly dividends of $ 1.65 per share during each of the first three quarters of 2016 and $ 1.82 per share during the fourth quarter of 2016 ; $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; and $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014. .
Question: what is the average price of repurchased shares during 2015?
Answer: | 0.0002 | what is the average price of repurchased shares during 2015? |
finqa1090 | Please answer the given financial question based on the context.
Context: compared with $ 6.2 billion in 2013 . operating profits in 2015 were significantly higher than in both 2014 and 2013 . excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 . benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) . in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill . during 2013 , the company accelerated depreciation for certain courtland assets , and 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 . in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets . we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 . operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business . printing papers .
|in millions|2015|2014|2013|
|sales|$ 5031|$ 5720|$ 6205|
|operating profit ( loss )|533|-16 ( 16 )|271|
north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 . operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 . sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 . shipments to the domestic market increased , but export shipments declined . average sales price realizations decreased , primarily in the domestic market . input costs were lower , mainly for energy . planned maintenance downtime costs were $ 12 million higher in 2015 . operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill . entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 . average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix . input costs are expected to be stable . planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter . in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p . h . glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules . the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia . in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia . also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal . in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s . market had been injured by imports of the products . accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years . we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements . brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 . operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 . sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events . average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 . margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets . raw material costs increased for energy and wood . operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what percentage of printing paper sales where north american printing papers net sales 2014?
Answer: | 0.36713 | what percentage of printing paper sales where north american printing papers net sales 2014? |
finqa1091 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2012 primarily related to payments for capital expenditures and acquisitions , partially offset by the net proceeds of $ 94.8 received from the sale of our remaining holdings in facebook . capital expenditures of $ 169.2 primarily related to computer hardware and software , and leasehold improvements . capital expenditures increased in 2012 compared to the prior year , primarily due to an increase in leasehold improvements made during the year . payments for acquisitions of $ 145.5 primarily related to payments for new acquisitions . financing activities net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock , and payment of dividends . we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes . in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock . net cash provided by financing activities during 2012 primarily reflected net proceeds from our debt transactions . we issued $ 300.0 in aggregate principal amount of 2.25% ( 2.25 % ) senior notes due 2017 ( the 201c2.25% ( 201c2.25 % ) notes 201d ) , $ 500.0 in aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2023 ( the 201c3.75% ( 201c3.75 % ) notes 201d ) and $ 250.0 in aggregate principal amount of 4.00% ( 4.00 % ) senior notes due 2022 ( the 201c4.00% ( 201c4.00 % ) notes 201d ) . the proceeds from the issuance of the 4.00% ( 4.00 % ) notes were applied towards the repurchase and redemption of $ 399.6 in aggregate principal amount of our 4.25% ( 4.25 % ) notes . offsetting the net proceeds from our debt transactions was the repurchase of 32.7 shares of our common stock for an aggregate cost of $ 350.5 , including fees , and dividend payments of $ 103.4 on our common stock . foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , japanese yen , canadian dollar and south african rand as of december 31 , 2013 compared to december 31 , 2012 . the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 6.2 in 2012 . the decrease was a result of the u.s . dollar being stronger than several foreign currencies , including the brazilian real and south african rand , offset by the u.s . dollar being weaker than other foreign currencies , including the australian dollar , british pound and the euro , as of as of december 31 , 2012 compared to december 31 , 2011. .
|balance sheet data|december 31 , 2013|december 31 , 2012|
|cash cash equivalents and marketable securities|$ 1642.1|$ 2590.8|
|short-term borrowings|$ 179.1|$ 172.1|
|current portion of long-term debt|353.6|216.6|
|long-term debt|1129.8|2060.8|
|total debt|$ 1662.5|$ 2449.5|
liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends. .
Question: what is the growth rate in the balance of cash , cash equivalents and marketable securities from 2012 to 2013?
Answer: | -0.36618 | what is the growth rate in the balance of cash , cash equivalents and marketable securities from 2012 to 2013? |
finqa1092 | Please answer the given financial question based on the context.
Context: impairment of long-lived assets based on the projection of undiscounted cash flows whenever events or changes in circumstances indicate that the carrying amounts of such assets may not be recoverable . in the event such cash flows are not expected to be sufficient to recover the recorded value of the assets , the assets are written down to their estimated fair values ( see note 5 ) . asset retirement obligations 2014effective january 1 , 2003 , the company adopted statement of financial accounting standards ( 2018 2018sfas 2019 2019 ) no . 143 , 2018 2018accounting for asset retirement obligations . 2019 2019 sfas no . 143 requires the company to record the fair value of a legal liability for an asset retirement obligation in the period in which it is incurred . when a new liability is recorded the company will capitalize the costs of the liability by increasing the carrying amount of the related long-lived asset . the liability is accreted to its present value each period and the capitalized cost is depreciated over the useful life of the related asset . upon settlement of the liability , the company settles the obligation for its recorded amount or incurs a gain or loss upon settlement . the company 2019s retirement obligations covered by sfas no . 143 include primarily active ash landfills , water treatment basins and the removal or dismantlement of certain plant and equipment . as of december 31 , 2003 and 2002 , the company had recorded liabilities of approximately $ 29 million and $ 15 million , respectively , related to asset retirement obligations . there are no assets that are legally restricted for purposes of settling asset retirement obligations . upon adoption of sfas no . 143 , the company recorded an additional liability of approximately $ 13 million , a net asset of approximately $ 9 million , and a cumulative effect of a change in accounting principle of approximately $ 2 million , after income taxes . amounts recorded related to asset retirement obligations during the years ended december 31 , 2003 were as follows ( in millions ) : .
|balance at december 31 2002|$ 15|
|additional liability recorded from cumulative effect of accounting change|13|
|accretion expense|2|
|change in the timing of estimated cash flows|-1 ( 1 )|
|balance at december 31 2003|$ 29|
proforma net ( loss ) income and ( loss ) earnings per share have not been presented for the years ended december 31 , 2002 and 2001 because the proforma application of sfas no . 143 to prior periods would result in proforma net ( loss ) income and ( loss ) earnings per share not materially different from the actual amounts reported for those periods in the accompanying consolidated statements of operations . had sfas 143 been applied during all periods presented the asset retirement obligation at january 1 , 2001 , december 31 , 2001 and december 31 , 2002 would have been approximately $ 21 million , $ 23 million and $ 28 million , respectively . included in other long-term liabilities is the accrual for the non-legal obligations for removal of assets in service at ipalco amounting to $ 361 million and $ 339 million at december 31 , 2003 and 2002 , respectively . deferred financing costs 2014financing costs are deferred and amortized over the related financing period using the effective interest method or the straight-line method when it does not differ materially from the effective interest method . deferred financing costs are shown net of accumulated amortization of $ 202 million and $ 173 million as of december 31 , 2003 and 2002 , respectively . project development costs 2014the company capitalizes the costs of developing new construction projects after achieving certain project-related milestones that indicate the project 2019s completion is probable . these costs represent amounts incurred for professional services , permits , options , capitalized interest , and other costs directly related to construction . these costs are transferred to construction in progress when significant construction activity commences , or expensed at the time the company determines that development of a particular project is no longer probable ( see note 5 ) . .
Question: what was the change in asset retirement obligations between 2002 and 2003?\\n
Answer: | 14000000.0 | what was the change in asset retirement obligations between 2002 and 2003?\\n |
finqa1093 | Please answer the given financial question based on the context.
Context: interest expense related to capital lease obligations was $ 1.6 million during the year ended december 31 , 2015 , and $ 1.6 million during both the years ended december 31 , 2014 and 2013 . purchase commitments in the table below , we set forth our enforceable and legally binding purchase obligations as of december 31 , 2015 . some of the amounts are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties , and other factors . because these estimates and assumptions are necessarily subjective , our actual payments may vary from those reflected in the table . purchase orders made in the ordinary course of business are excluded below . any amounts for which we are liable under purchase orders are reflected on the consolidated balance sheets as accounts payable and accrued liabilities . these obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one year to 20 years . total purchase commitments were as follows ( dollars in millions ) : .
|2016|$ 95.3|
|2017|60.3|
|2018|28.0|
|2019|28.0|
|2020|23.4|
|thereafter|77.0|
|total|$ 312.0|
the company purchased a total of $ 299.6 million , $ 265.9 million , and $ 61.7 million during the years ended december 31 , 2015 , 2014 , and 2013 , respectively , under these purchase agreements . the increase in purchases the increase in purchases under these agreements in 2014 , compared with 2013 , relates to the acquisition of boise in fourth quarter 2013 . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 2006 through 2015 , there were no significant environmental remediation costs at pca 2019s mills and corrugated plants . at december 31 , 2015 , the company had $ 24.3 million of environmental-related reserves recorded on its consolidated balance sheet . of the $ 24.3 million , approximately $ 15.8 million related to environmental-related asset retirement obligations discussed in note 12 , asset retirement obligations , and $ 8.5 million related to our estimate of other environmental contingencies . the company recorded $ 7.9 million in 201caccrued liabilities 201d and $ 16.4 million in 201cother long-term liabilities 201d on the consolidated balance sheet . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . the company believes that it is not reasonably possible that future environmental expenditures for remediation costs and asset retirement obligations above the $ 24.3 million accrued as of december 31 , 2015 , will have a material impact on its financial condition , results of operations , or cash flows . guarantees and indemnifications we provide guarantees , indemnifications , and other assurances to third parties in the normal course of our business . these include tort indemnifications , environmental assurances , and representations and warranties in commercial agreements . at december 31 , 2015 , we are not aware of any material liabilities arising from any guarantee , indemnification , or financial assurance we have provided . if we determined such a liability was probable and subject to reasonable determination , we would accrue for it at that time. .
Question: \\n\\n\\n\\nof the total purchase commitments , what percentage were due after 2020?\\n
Answer: | 0.24679 | \\n\\n\\n\\nof the total purchase commitments , what percentage were due after 2020?\\n |
finqa1094 | Please answer the given financial question based on the context.
Context: part i item 1 . business our company founded in 1886 , american water works company , inc. , ( the 201ccompany , 201d 201camerican water 201d or 201caww 201d ) is a delaware holding company . american water is the most geographically diversified , as well as the largest publicly-traded , united states water and wastewater utility company , as measured by both operating revenues and population served . as a holding company , we conduct substantially all of our business operations through our subsidiaries . our approximately 6400 employees provide an estimated 15 million people with drinking water , wastewater and/or other water-related services in 47 states and one canadian province . operating segments we report our results of operations in two operating segments : the regulated businesses and the market- based operations . additional information with respect to our operating segment results is included in the section entitled 201citem 7 2014management 2019s discussion and analysis of financial condition and results of operations , 201d and note 18 of the consolidated financial statements . regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers . we report the results of this business in our regulated businesses segment . our subsidiaries that provide these services are generally subject to economic regulation by certain state commissions or other entities engaged in economic regulation , hereafter referred to as public utility commissions , or 201cpucs , 201d of the states in which we operate . the federal and state governments also regulate environmental , health and safety , and water quality matters . our regulated businesses segment operating revenues were $ 2674.3 million for 2014 , $ 2539.9 for 2013 , $ 2564.4 million for 2012 , accounting for 88.8% ( 88.8 % ) , 90.1% ( 90.1 % ) and 89.9% ( 89.9 % ) , respectively , of total operating revenues for the same periods . the following table sets forth our regulated businesses operating revenues , number of customers and an estimate of population served as of december 31 , 2014 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total .
|new jersey|operatingrevenues ( in millions ) $ 652.3|% ( % ) of total 24.5% ( 24.5 % )|number ofcustomers 648066|% ( % ) of total 20.2% ( 20.2 % )|estimatedpopulationserved ( in millions ) 2.7|% ( % ) of total 22.7% ( 22.7 % )|
|pennsylvania|605.4|22.6% ( 22.6 % )|666415|20.7% ( 20.7 % )|2.2|18.5% ( 18.5 % )|
|missouri|270.2|10.1% ( 10.1 % )|464498|14.4% ( 14.4 % )|1.5|12.7% ( 12.7 % )|
|illinois ( a )|262.3|9.8% ( 9.8 % )|312017|9.7% ( 9.7 % )|1.3|10.9% ( 10.9 % )|
|california|209.8|7.8% ( 7.8 % )|174198|5.4% ( 5.4 % )|0.6|5.0% ( 5.0 % )|
|indiana|200.6|7.5% ( 7.5 % )|293666|9.1% ( 9.1 % )|1.2|10.1% ( 10.1 % )|
|west virginia ( b )|127.0|4.7% ( 4.7 % )|170371|5.3% ( 5.3 % )|0.6|5.0% ( 5.0 % )|
|subtotal ( top seven states )|2327.6|87.0% ( 87.0 % )|2729231|84.8% ( 84.8 % )|10.1|84.9% ( 84.9 % )|
|other ( c )|346.7|13.0% ( 13.0 % )|489961|15.2% ( 15.2 % )|1.8|15.1% ( 15.1 % )|
|total regulated businesses|$ 2674.3|100.0% ( 100.0 % )|3219192|100.0% ( 100.0 % )|11.9|100.0% ( 100.0 % )|
( a ) includes illinois-american water company , which we refer to as ilawc and american lake water company , also a regulated subsidiary in illinois. .
Question: what is approximate customer penetration percentage in the total regulated businesses?
Answer: | 0.27052 | what is approximate customer penetration percentage in the total regulated businesses? |
finqa1095 | Please answer the given financial question based on the context.
Context: the following table summarized the status of the company 2019s non-vested performance share unit awards and changes for the period indicated : weighted- average grant date performance share unit awards shares fair value .
|performance share unit awards|year ended december 31 2015 shares|year ended december 31 2015 weighted- average grant date fair value|
|outstanding at january 1,|-|$ -|
|granted|10705|178.84|
|vested|-|-|
|forfeited|-|-|
|outstanding at december 31,|10705|178.84|
19 . segment reporting the u.s . reinsurance operation writes property and casualty reinsurance and specialty lines of business , including marine , aviation , surety and accident and health ( 201ca&h 201d ) business , on both a treaty and facultative basis , through reinsurance brokers , as well as directly with ceding companies primarily within the u.s . the international operation writes non-u.s . property and casualty reinsurance through everest re 2019s branches in canada and singapore and through offices in brazil , miami and new jersey . the bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its bermuda office and reinsurance to the united kingdom and european markets through its uk branch and ireland re . the insurance operation writes property and casualty insurance directly and through general agents , brokers and surplus lines brokers within the u.s . and canada . the mt . logan re segment represents business written for the segregated accounts of mt . logan re , which were formed on july 1 , 2013 . the mt . logan re business represents a diversified set of catastrophe exposures , diversified by risk/peril and across different geographical regions globally . these segments , with the exception of mt . logan re , are managed independently , but conform with corporate guidelines with respect to pricing , risk management , control of aggregate catastrophe exposures , capital , investments and support operations . management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results . the mt . logan re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria . underwriting results include earned premium less losses and loss adjustment expenses ( 201clae 201d ) incurred , commission and brokerage expenses and other underwriting expenses . we measure our underwriting results using ratios , in particular loss , commission and brokerage and other underwriting expense ratios , which , respectively , divide incurred losses , commissions and brokerage and other underwriting expenses by premiums earned . mt . logan re 2019s business is sourced through operating subsidiaries of the company ; however , the activity is only reflected in the mt . logan re segment . for other inter-affiliate reinsurance , business is generally reported within the segment in which the business was first produced , consistent with how the business is managed . except for mt . logan re , the company does not maintain separate balance sheet data for its operating segments . accordingly , the company does not review and evaluate the financial results of its operating segments based upon balance sheet data. .
Question: what is the total value of granted shares of everest re during 2015 , in millions?
Answer: | 1.91448 | what is the total value of granted shares of everest re during 2015 , in millions? |
finqa1096 | Please answer the given financial question based on the context.
Context: entergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income . 2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .
||amount ( in millions )|
|2015 net revenue|$ 293.9|
|retail electric price|39.0|
|net gas revenue|-2.5 ( 2.5 )|
|volume/weather|-5.1 ( 5.1 )|
|other|-8.1 ( 8.1 )|
|2016 net revenue|$ 317.2|
the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station . see note 14 to the financial statements for discussion of the union power station purchase . the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales . the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .
Question: the net income increases in 2015 were what percent of the net income changes in 2016?
Answer: | 3.5641 | the net income increases in 2015 were what percent of the net income changes in 2016? |
finqa1097 | Please answer the given financial question based on the context.
Context: table of contents related to mac os x version 10.6 snow leopard and excluded from r&d expense , while r&d expense for 2007 excluded $ 75 million of capitalized software development costs related to mac os x leopard and iphone . although total r&d expense increased 42% ( 42 % ) during 2008 , it remained relatively flat as a percentage of net sales given the 35% ( 35 % ) increase in revenue during 2008 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to increase spending in r&d to remain competitive . expenditures for r&d increased 10% ( 10 % ) or $ 70 million to $ 782 million in 2007 compared to 2006 . the increases in r&d expense were due primarily to an increase in r&d headcount in 2007 to support expanded r&d activities , partially offset by one less week of expenses in the first quarter of 2007 and the capitalized software development costs mentioned above . selling , general , and administrative expense ( 201csg&a 201d ) expenditures for sg&a increased $ 798 million or 27% ( 27 % ) to $ 3.8 billion in 2008 compared to 2007 . these increases are due primarily to higher stock-based compensation expenses , higher variable selling expenses resulting from the significant year-over-year increase in total net sales and the company 2019s continued expansion of its retail segment in both domestic and international markets . in addition , the company incurred higher spending on marketing and advertising during 2008 compared to 2007 . expenditures for sg&a increased $ 530 million or 22% ( 22 % ) during 2007 compared to 2006 . the increase was due primarily to higher direct and indirect channel variable selling expenses resulting from the significant year-over-year increase in total net sales in 2007 , the company 2019s continued expansion of its retail segment in both domestic and international markets , and higher spending on marketing and advertising , partially offset by one less week of expenses in the first quarter of 2007 . other income and expense other income and expense for the three fiscal years ended september 27 , 2008 , are as follows ( in millions ) : total other income and expense increased $ 21 million to $ 620 million during 2008 as compared to $ 599 million and $ 365 million in 2007 and 2006 , respectively . while the company 2019s cash , cash equivalents and short-term investment balances increased by 59% ( 59 % ) in 2008 , other income and expense increased only 4% ( 4 % ) due to the decline in the weighted average interest rate earned of 3.44% ( 3.44 % ) . the overall increase in other income and expense is attributable to the company 2019s higher cash and short-term investment balances , which more than offset the decline in interest rates during 2008 as compared to 2007 . the weighted average interest rate earned by the company on its cash , cash equivalents , and short-term investments was 5.27% ( 5.27 % ) and 4.58% ( 4.58 % ) during 2007 and 2006 , respectively . during 2008 , 2007 and 2006 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 30% ( 30 % ) for the years ended september 27 , 2008 and september 29 , 2007 , and 29% ( 29 % ) for the year ended september 30 , 2006 . the company 2019s effective rates differ from the statutory federal income tax rate of 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 as of september 27 , 2008 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.1 billion before being offset against certain deferred liabilities for presentation on the company 2019s balance sheet . management believes it is more likely than not that forecasted income , including .
||2008|2007|2006|
|interest income|$ 653|$ 647|$ 394|
|other income ( expense ) net|-33 ( 33 )|-48 ( 48 )|-29 ( 29 )|
|total other income and expense|$ 620|$ 599|$ 365|
.
Question: what was the greatest interest income , in millions , for the three year period?
Answer: | 653.0 | what was the greatest interest income , in millions , for the three year period? |
finqa1098 | Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) note 4 2014acquisitions ( continued ) acquisition of emagic gmbh during the fourth quarter of 2002 , the company acquired emagic gmbh ( emagic ) , a provider of professional software solutions for computer based music production , for approximately $ 30 million in cash ; $ 26 million of which was paid immediately upon closing of the deal and $ 4 million of which was held-back for future payment contingent on continued employment by certain employees that would be allocated to future compensation expense in the appropriate periods over the following 3 years . during fiscal 2003 , contingent consideration totaling $ 1.3 million was paid . the acquisition has been accounted for as a purchase . the portion of the purchase price allocated to purchased in-process research and development ( ipr&d ) was expensed immediately , and the portion of the purchase price allocated to acquired technology and to tradename will be amortized over their estimated useful lives of 3 years . goodwill associated with the acquisition of emagic is not subject to amortization pursuant to the provisions of sfas no . 142 . total consideration was allocated as follows ( in millions ) : .
|net tangible assets acquired|$ 2.3|
|acquired technology|3.8|
|tradename|0.8|
|in-process research and development|0.5|
|goodwill|18.6|
|total consideration|$ 26.0|
the amount of the purchase price allocated to ipr&d was expensed upon acquisition , because the technological feasibility of products under development had not been established and no alternative future uses existed . the ipr&d relates primarily to emagic 2019s logic series technology and extensions . at the date of the acquisition , the products under development were between 43%-83% ( 43%-83 % ) complete , and it was expected that the remaining work would be completed during the company 2019s fiscal 2003 at a cost of approximately $ 415000 . the remaining efforts , which were completed in 2003 , included finalizing user interface design and development , and testing . the fair value of the ipr&d was determined using an income approach , which reflects the projected free cash flows that will be generated by the ipr&d projects and that are attributable to the acquired technology , and discounting the projected net cash flows back to their present value using a discount rate of 25% ( 25 % ) . acquisition of certain assets of zayante , inc. , prismo graphics , and silicon grail during fiscal 2002 the company acquired certain technology and patent rights of zayante , inc. , prismo graphics , and silicon grail corporation for a total of $ 20 million in cash . these transactions have been accounted for as asset acquisitions . the purchase price for these asset acquisitions , except for $ 1 million identified as contingent consideration which would be allocated to compensation expense over the following 3 years , has been allocated to acquired technology and would be amortized on a straight-line basis over 3 years , except for certain assets acquired from zayante associated with patent royalty streams that would be amortized over 10 years . acquisition of nothing real , llc during the second quarter of 2002 , the company acquired certain assets of nothing real , llc ( nothing real ) , a privately-held company that develops and markets high performance tools designed for the digital image creation market . of the $ 15 million purchase price , the company has allocated $ 7 million to acquired technology , which will be amortized over its estimated life of 5 years . the remaining $ 8 million , which has been identified as contingent consideration , rather than recorded as an additional component of .
Question: what percentage of the purchase price was spent on acquired technology?
Answer: | 0.14615 | what percentage of the purchase price was spent on acquired technology? |
finqa1099 | Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of increased volumes in our performance and applied coatings , optical and specialty materials and glass reportable business segments was offset by volume declines in the commodity chemicals reportable business segment . the volume decline in the commodity chemicals reportable business segment was due in part to lost sales resulting from the impact of hurricane rita , as discussed below . cost of sales as a percentage of sales increased to 63.5% ( 63.5 % ) as compared to 63.1% ( 63.1 % ) in 2004 . inflation , including higher coatings raw material costs and higher energy costs in our commodity chemicals and glass reportable business segments increased our cost of sales . selling , general and administrative expense declined slightly as a percentage of sales to 17.4% ( 17.4 % ) despite increasing by $ 56 million in 2005 . these costs increased primarily due to increased advertising in our optical products operating segment and higher expenses due to store expansions in our architectural coatings operating segment . interest expense declined $ 9 million in 2005 , reflecting the year over year reduction in the outstanding debt balance of $ 80 million . other charges increased $ 284 million in 2005 primarily due to pretax charges of $ 132 million related to the marvin legal settlement , net of $ 18 million in insurance recoveries , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment , $ 19 million for debt refinancing costs and an increase of $ 12 million for environmental remediation costs . net income and earnings per share 2013 assuming dilution for 2005 were $ 596 million and $ 3.49 respectively , compared to $ 683 million and $ 3.95 , respectively , for 2004 . net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share , for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share related to an asset impairment charge related to our fine chemicals business ; and $ 12 million , or 7 cents a share , for debt refinancing costs . the legal settlements net of insurance include aftertax charges of $ 80 million for the marvin legal settlement , net of insurance recoveries , and $ 37 million for the impact of the federal glass class action antitrust legal settlement . net income for 2005 and 2004 included an aftertax charge of $ 13 million , or 8 cents a share , and $ 19 million , or 11 cents a share , respectively , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement . results of reportable business segments net sales segment income ( millions ) 2005 2004 2005 2004 industrial coatings $ 2921 $ 2818 $ 284 $ 338 performance and applied coatings 2668 2478 464 451 optical and specialty materials 867 805 158 186 .
|( millions )|net sales 2005|net sales 2004|net sales 2005|2004|
|industrial coatings|$ 2921|$ 2818|$ 284|$ 338|
|performance and applied coatings|2668|2478|464|451|
|optical and specialty materials|867|805|158|186|
|commodity chemicals|1531|1229|313|113|
|glass|2214|2183|123|166|
sales of industrial coatings increased $ 103 million or 4% ( 4 % ) in 2005 . sales increased 2% ( 2 % ) due to higher selling prices in our industrial and packaging coatings businesses and 2% ( 2 % ) due to the positive effects of foreign currency translation . volume was flat year over year as increased volume in automotive coatings was offset by lower volume in industrial and packaging coatings . segment income decreased $ 54 million in 2005 . the decrease in segment income was due to the adverse impact of inflation , including raw materials costs increases of about $ 170 million , which more than offset the benefits of higher selling prices , improved sales margin mix , formula cost reductions , lower manufacturing costs and higher other income . performance and applied coatings sales increased $ 190 million or 8% ( 8 % ) in 2005 . sales increased 4% ( 4 % ) due to higher selling prices in all three operating segments , 3% ( 3 % ) due to increased volumes as increases in our aerospace and architectural coatings businesses exceeded volume declines in automotive refinish , and 1% ( 1 % ) due to the positive effects of foreign currency translation . performance and applied coatings segment income increased $ 13 million in 2005 . segment income increased due to the impact of increased sales volumes described above and higher other income , which combined to offset the negative impacts of higher overhead costs to support the growth in these businesses , particularly in the architectural coatings business , and higher manufacturing costs . the impact of higher selling prices fully offset the adverse impact of inflation , including raw materials cost increases of about $ 75 million . optical and specialty materials sales increased $ 62 million or 8% ( 8 % ) . sales increased 8% ( 8 % ) due to higher sales volumes in our optical products and silica businesses , which offset lower sales volumes in our fine chemicals business . sales increased 1% ( 1 % ) due to an acquisition in our optical products business and decreased 1% ( 1 % ) due to lower pricing . segment income decreased $ 28 million . the primary factor decreasing segment income was the $ 27 million impairment charge related to our fine chemicals business . the impact of higher sales volumes described above was offset by higher inflation , including increased energy costs ; lower selling prices ; increased overhead costs in our optical products business to support growth 24 2006 ppg annual report and form 10-k 4282_txt .
Question: what was the operating income return for 2005 in the performance and applied coatings segment?
Answer: | 0.17391 | what was the operating income return for 2005 in the performance and applied coatings segment? |