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finqa1936
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) typically , the company hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases over a time horizon of up to 6 months . derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent 2 month time period . deferred gains and losses in other comprehensive income associated with such derivative instruments are immediately reclassified into earnings in other income and expense . any subsequent changes in fair value of such derivative instruments are also reflected in current earnings unless they are re-designated as hedges of other transactions . the company recognized net gains of approximately $ 672000 and $ 421000 in 2007 and 2006 , respectively , and a net loss of $ 1.6 million in 2005 in other income and expense related to the loss of hedge designation on discontinued cash flow hedges due to changes in the company 2019s forecast of future net sales and cost of sales and due to prevailing market conditions . as of september 29 , 2007 , the company had a net deferred gain associated with cash flow hedges of approximately $ 468000 , net of taxes , substantially all of which is expected to be reclassified to earnings by the end of the second quarter of fiscal 2008 . the net gain or loss on the effective portion of a derivative instrument designated as a net investment hedge is included in the cumulative translation adjustment account of accumulated other comprehensive income within shareholders 2019 equity . for the years ended september 29 , 2007 and september 30 , 2006 , the company had a net loss of $ 2.6 million and a net gain of $ 7.4 million , respectively , included in the cumulative translation adjustment . the company may also enter into foreign currency forward and option contracts to offset the foreign exchange gains and losses generated by the re-measurement of certain assets and liabilities recorded in non-functional currencies . changes in the fair value of these derivatives are recognized in current earnings in other income and expense as offsets to the changes in the fair value of the related assets or liabilities . due to currency market movements , changes in option time value can lead to increased volatility in other income and expense . note 3 2014consolidated financial statement details ( in millions ) other current assets .
||2007|2006|
|vendor non-trade receivables|$ 2392|$ 1593|
|nand flash memory prepayments|417|208|
|other current assets|996|469|
|total other current assets|$ 3805|$ 2270|
.
Question: what was the largest amount of other current assets?
Answer:
|
996.0
|
what was the largest amount of other current assets?
|
{
"options": {
"A": "2392.0",
"B": "1593.0",
"C": "417.0",
"D": "996.0"
},
"goldenKey": "D"
}
|
{
"A": "2392.0",
"B": "1593.0",
"C": "417.0",
"D": "996.0"
}
|
D
|
finqa1937
|
Please answer the given financial question based on the context.
Context: liquidity and capital resources we maintained a strong financial position throughout 2018 and as of 30 september 2018 our consolidated balance sheet included cash and cash items of $ 2791.3 . we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future . as of 30 september 2018 , we had $ 995.1 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2791.3 . as a result of the tax act , we currently do not expect that a significant portion of the earnings of our foreign subsidiaries and affiliates will be subject to u.s . income tax upon subsequent repatriation to the united states . depending on the country in which the subsidiaries and affiliates reside , the repatriation of these earnings may be subject to foreign withholding and other taxes . however , since we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s . refer to note 22 , income taxes , for additional information . our cash flows from operating , investing , and financing activities from continuing operations , as reflected in the consolidated statements of cash flows , are summarized in the following table: .
|cash provided by ( used for )|2018|2017|2016|
|operating activities|$ 2554.7|$ 2534.1|$ 2258.8|
|investing activities|-1649.1 ( 1649.1 )|-1417.7 ( 1417.7 )|-864.8 ( 864.8 )|
|financing activities|-1359.8 ( 1359.8 )|-2040.9 ( 2040.9 )|-860.2 ( 860.2 )|
operating activities for the year ended 2018 , cash provided by operating activities was $ 2554.7 . income from continuing operations of $ 1455.6 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , undistributed earnings of unconsolidated affiliates , share-based compensation , and noncurrent capital lease receivables . other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions . the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities . in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 . the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables . the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures . the use of cash in inventories primarily resulted from the purchase of helium molecules . in addition , inventories reflect the noncash impact of our change in accounting for u.s . inventories from lifo to fifo . the source of cash from other receivables of $ 123.6 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures for the year ended 2017 , cash provided by operating activities was $ 2534.1 . income from continuing operations of $ 1134.4 included a goodwill and intangible asset impairment charge of $ 162.1 , an equity method investment impairment charge of $ 79.5 , and a write-down of long-lived assets associated with restructuring of $ 69.2 . refer to note 5 , cost reduction and asset actions ; note 8 , summarized financial information of equity affiliates ; note 10 , goodwill ; and note 11 , intangible assets , of the consolidated financial statements for additional information on these charges . other adjustments of $ 165.4 included changes in uncertain tax positions and the fair value of foreign exchange contracts that hedge intercompany loans as well as pension contributions and expense . the working capital accounts were a source of cash of $ 48.0 that were primarily driven by payables and accrued liabilities and other receivables , partially offset by other working capital and trade receivables . the increase in payables and accrued liabilities of $ 163.8 was primarily due to timing differences related to payables and accrued liabilities and an increase in customer advances of $ 52.8 primarily related to sale of equipment activity . the source of cash from other receivables of $ 124.7 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures . other working capital was a use of cash of $ 154.0 , primarily driven by payments for income taxes . trade receivables was a use of cash of $ 73.6 which is primarily due to timing differences. .
Question: what is the final amount of cash and cash equivalents in 2018?
Answer:
|
-454.2
|
what is the final amount of cash and cash equivalents in 2018?
|
{
"options": {
"A": "-454.2",
"B": "2791.3",
"C": "995.1",
"D": "2554.7"
},
"goldenKey": "A"
}
|
{
"A": "-454.2",
"B": "2791.3",
"C": "995.1",
"D": "2554.7"
}
|
A
|
finqa1938
|
Please answer the given financial question based on the context.
Context: disclosure of , the issuance of certain types of guarantees . the adoption of fasb interpretation no . 45 did not have a signif- icant impact on the net income or equity of the company . in january 2003 , fasb interpretation no . 46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued . the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights . the company has completed an analysis of this interpretation and has determined that it does not have any vies . 4 . acquisitions family health plan , inc . effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc . of certain medicaid-related assets for a purchase price of approximately $ 6800 . the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values . hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 . the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit . group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) . the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 . the company paid $ 1800 for its purchase of gpa . the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized . the preliminary allocation has resulted in goodwill of approximately $ 3895 . the goodwill is not amortized and is not deductible for tax purposes . pro forma disclosures related to the acquisition have been excluded as immaterial . scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company . the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit . the investor group who held membership interests in scriptassist included one of the company 2019s executive officers . university health plans , inc . on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc . ( uhp ) in new jersey . in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock . centene paid a total purchase price of $ 13258 . the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 . the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network . the intangibles are being amortized over a ten-year period . goodwill of $ 7940 is not amortized and is not deductible for tax purposes . changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities . the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 . these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. .
||2002|2001|
|revenue|$ 567048|$ 395155|
|net earnings|25869|11573|
|diluted earnings per common share|1.48|1.00|
diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas . the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit . bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 . the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value . centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .
Question: what is the annual impact on pre tax net income from the goodwill in the hmo blue texas acquisition?\\n
Answer:
|
209.0
|
what is the annual impact on pre tax net income from the goodwill in the hmo blue texas acquisition?\\n
|
{
"options": {
"A": "209.0",
"B": "25869",
"C": "11573",
"D": "7940"
},
"goldenKey": "A"
}
|
{
"A": "209.0",
"B": "25869",
"C": "11573",
"D": "7940"
}
|
A
|
finqa1939
|
Please answer the given financial question based on the context.
Context: table of contents the following table presents certain payments due by the company under contractual obligations with minimum firm commitments as of september 28 , 2013 and excludes amounts already recorded on the consolidated balance sheet , except for long-term debt ( in millions ) : lease commitments the company 2019s major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 28 , 2013 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.7 billion , of which $ 3.5 billion related to leases for retail space . purchase commitments with outsourcing partners and component suppliers the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products . these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days . the company also obtains individual components for its products from a wide variety of individual suppliers . consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts , and open orders based on projected demand information . where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier . as of september 28 , 2013 , the company had outstanding off-balance sheet third- party manufacturing commitments and component purchase commitments of $ 18.6 billion . other obligations in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 1.3 billion as of september 28 , 2013 , that consisted mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . the company 2019s other non-current liabilities in the consolidated balance sheets consist primarily of deferred tax liabilities , gross unrecognized tax benefits and the related gross interest and penalties . as of september 28 , 2013 , the company had non-current deferred tax liabilities of $ 16.5 billion . additionally , as of september 28 , 2013 , the company had gross unrecognized tax benefits of $ 2.7 billion and an additional $ 590 million for gross interest and penalties classified as non-current liabilities . at this time , the company is unable to make a reasonably reliable estimate of the timing of payments in individual years in connection with these tax liabilities ; therefore , such amounts are not included in the above contractual obligation table . indemnification the company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights . other agreements entered into by payments due in than 1 payments due in payments due in payments due in than 5 years total .
||payments due in less than1 year|payments due in 1-3 years|payments due in 4-5 years|payments due in more than5 years|total|
|long-term debt|$ 0|$ 2500|$ 6000|$ 8500|$ 17000|
|operating leases|610|1200|1056|1855|4721|
|purchase obligations|18616|0|0|0|18616|
|other obligations|1081|248|16|3|1348|
|total|$ 20307|$ 3948|$ 7072|$ 10358|$ 41685|
.
Question: what percentage of certain payments due by the company under contractual obligations consisted of purchase obligations?
Answer:
|
0.44659
|
what percentage of certain payments due by the company under contractual obligations consisted of purchase obligations?
|
{
"options": {
"A": "0.44659%",
"B": "4.4659%",
"C": "44.659%",
"D": "446.59%"
},
"goldenKey": "A"
}
|
{
"A": "0.44659%",
"B": "4.4659%",
"C": "44.659%",
"D": "446.59%"
}
|
A
|
finqa1940
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 2011 versus 2010 . net revenues in investing & lending were $ 2.14 billion and $ 7.54 billion for 2011 and 2010 , respectively . during 2011 , investing & lending results reflected an operating environment characterized by a significant decline in equity markets in europe and asia , and unfavorable credit markets that were negatively impacted by increased concerns regarding the weakened state of global economies , including heightened european sovereign debt risk . results for 2011 included a loss of $ 517 million from our investment in the ordinary shares of icbc and net gains of $ 1.12 billion from other investments in equities , primarily in private equities , partially offset by losses from public equities . in addition , investing & lending included net revenues of $ 96 million from debt securities and loans . this amount includes approximately $ 1 billion of unrealized losses related to relationship lending activities , including the effect of hedges , offset by net interest income and net gains from other debt securities and loans . results for 2011 also included other net revenues of $ 1.44 billion , principally related to our consolidated investment entities . results for 2010 included a gain of $ 747 million from our investment in the ordinary shares of icbc , a net gain of $ 2.69 billion from other investments in equities , a net gain of $ 2.60 billion from debt securities and loans and other net revenues of $ 1.51 billion , principally related to our consolidated investment entities . the net gain from other investments in equities was primarily driven by an increase in global equity markets , which resulted in appreciation of both our public and private equity positions and provided favorable conditions for initial public offerings . the net gains and net interest from debt securities and loans primarily reflected the impact of tighter credit spreads and favorable credit markets during the year , which provided favorable conditions for borrowers to refinance . operating expenses were $ 2.67 billion for 2011 , 20% ( 20 % ) lower than 2010 , due to decreased compensation and benefits expenses , primarily resulting from lower net revenues . this decrease was partially offset by the impact of impairment charges related to consolidated investments during 2011 . pre-tax loss was $ 531 million in 2011 , compared with pre-tax earnings of $ 4.18 billion in 2010 . investment management investment management provides investment management services and offers investment products ( primarily through separately managed accounts and commingled vehicles , such as mutual funds and private investment funds ) across all major asset classes to a diverse set of institutional and individual clients . investment management also offers wealth advisory services , including portfolio management and financial counseling , and brokerage and other transaction services to high-net-worth individuals and families . assets under supervision include assets under management and other client assets . assets under management include client assets where we earn a fee for managing assets on a discretionary basis . this includes net assets in our mutual funds , hedge funds , credit funds and private equity funds ( including real estate funds ) , and separately managed accounts for institutional and individual investors . other client assets include client assets invested with third-party managers , private bank deposits and assets related to advisory relationships where we earn a fee for advisory and other services , but do not have discretion over the assets . assets under supervision do not include the self-directed brokerage accounts of our clients . assets under management and other client assets typically generate fees as a percentage of net asset value , which vary by asset class and are affected by investment performance as well as asset inflows and redemptions . in certain circumstances , we are also entitled to receive incentive fees based on a percentage of a fund 2019s return or when the return exceeds a specified benchmark or other performance targets . incentive fees are recognized only when all material contingencies are resolved . the table below presents the operating results of our investment management segment. .
|in millions|year ended december 2012|year ended december 2011|year ended december 2010|
|management and other fees|$ 4105|$ 4188|$ 3956|
|incentive fees|701|323|527|
|transaction revenues|416|523|531|
|total net revenues|5222|5034|5014|
|operating expenses|4294|4020|4082|
|pre-tax earnings|$ 928|$ 1014|$ 932|
56 goldman sachs 2012 annual report .
Question: what percentage of total net revenues in the investment management segment in 2012 where due to management and other fees?
Answer:
|
0.7861
|
what percentage of total net revenues in the investment management segment in 2012 where due to management and other fees?
|
{
"options": {
"A": "0.0824",
"B": "0.7861",
"C": "0.0833",
"D": "0.0829"
},
"goldenKey": "B"
}
|
{
"A": "0.0824",
"B": "0.7861",
"C": "0.0833",
"D": "0.0829"
}
|
B
|
finqa1941
|
Please answer the given financial question based on the context.
Context: the second largest closed-end fund manager and a top- ten manager by aum and 2013 net flows of long-term open-end mutual funds1 . in 2013 , we were also the leading manager by net flows for long-dated fixed income mutual funds1 . 2022 we have fully integrated our legacy retail and ishares retail distribution teams to create a unified client-facing presence . as retail clients increasingly use blackrock 2019s capabilities in combination 2014 active , alternative and passive 2014 it is a strategic priority for blackrock to coherently deliver these capabilities through one integrated team . 2022 international retail long-term net inflows of $ 17.5 billion , representing 15% ( 15 % ) organic growth , were positive across major regions and diversified across asset classes . equity net inflows of $ 6.4 billion were driven by strong demand for our top-performing european equities franchise as investor risk appetite for the sector improved . multi-asset class and fixed income products each generated net inflows of $ 4.8 billion , as investors looked to manage duration and volatility in their portfolios . in 2013 , we were ranked as the third largest cross border fund provider2 . in the united kingdom , we ranked among the five largest fund managers2 . ishares .
|( in millions )|component changes in aum 2014 ishares 12/31/2012|component changes in aum 2014 ishares net new business|component changes in aum 2014 ishares acquisition ( 1 )|component changes in aum 2014 ishares market / fx|component changes in aum 2014 ishares 12/31/2013|
|equity|$ 534648|$ 74119|$ 13021|$ 96347|$ 718135|
|fixed income|192852|-7450 ( 7450 )|1294|-7861 ( 7861 )|178835|
|multi-asset class|869|355|2014|86|1310|
|alternatives ( 2 )|24337|-3053 ( 3053 )|1645|-6837 ( 6837 )|16092|
|total ishares|$ 752706|$ 63971|$ 15960|$ 81735|$ 914372|
alternatives ( 2 ) 24337 ( 3053 ) 1645 ( 6837 ) 16092 total ishares $ 752706 $ 63971 $ 15960 $ 81735 $ 914372 ( 1 ) amounts represent $ 16.0 billion of aum acquired in the credit suisse etf acquisition in july 2013 . ( 2 ) amounts include commodity ishares . ishares is the leading etf provider in the world , with $ 914.4 billion of aum at december 31 , 2013 , and was the top asset gatherer globally in 20133 with $ 64.0 billion of net inflows for an organic growth rate of 8% ( 8 % ) . equity net inflows of $ 74.1 billion were driven by flows into funds with broad developed market exposures , partially offset by outflows from emerging markets products . ishares fixed income experienced net outflows of $ 7.5 billion , as the continued low interest rate environment led many liquidity-oriented investors to sell long-duration assets , which made up the majority of the ishares fixed income suite . in 2013 , we launched several funds to meet demand from clients seeking protection in a rising interest rate environment by offering an expanded product set that includes four new u.s . funds , including short-duration versions of our flagship high yield and investment grade credit products , and short maturity and liquidity income funds . ishares alternatives had $ 3.1 billion of net outflows predominantly out of commodities . ishares represented 23% ( 23 % ) of long-term aum at december 31 , 2013 and 35% ( 35 % ) of long-term base fees for ishares offers the most diverse product set in the industry with 703 etfs at year-end 2013 , and serves the broadest client base , covering more than 25 countries on five continents . during 2013 , ishares continued its dual commitment to innovation and responsible product structuring by introducing 42 new etfs , acquiring credit suisse 2019s 58 etfs in europe and entering into a critical new strategic alliance with fidelity investments to deliver fidelity 2019s more than 10 million clients increased access to ishares products , tools and support . our alliance with fidelity investments and a successful full first year for the core series have deeply expanded our presence and offerings among buy-and-hold investors . our broad product range offers investors a precise , transparent and low-cost way to tap market returns and gain access to a full range of asset classes and global markets that have been difficult or expensive for many investors to access until now , as well as the liquidity required to make adjustments to their exposures quickly and cost-efficiently . 2022 u.s . ishares aum ended at $ 655.6 billion with $ 41.4 billion of net inflows driven by strong demand for developed markets equities and short-duration fixed income . during the fourth quarter of 2012 , we debuted the core series in the united states , designed to provide the essential building blocks for buy-and-hold investors to use in constructing the core of their portfolio . the core series demonstrated solid results in its first full year , raising $ 20.0 billion in net inflows , primarily in u.s . equities . in the united states , ishares maintained its position as the largest etf provider , with 39% ( 39 % ) share of aum3 . 2022 international ishares aum ended at $ 258.8 billion with robust net new business of $ 22.6 billion led by demand for european and japanese equities , as well as a diverse range of fixed income products . at year-end 2013 , ishares was the largest european etf provider with 48% ( 48 % ) of aum3 . 1 simfund 2 lipper feri 3 blackrock ; bloomberg .
Question: without the net new business led by demand for european and japanese equities , what was the value of international shares ? in billion $ ?
Answer:
|
236.2
|
without the net new business led by demand for european and japanese equities , what was the value of international shares ? in billion $ ?
|
{
"options": {
"A": "236.2",
"B": "258.8",
"C": "22.6",
"D": "41.4"
},
"goldenKey": "A"
}
|
{
"A": "236.2",
"B": "258.8",
"C": "22.6",
"D": "41.4"
}
|
A
|
finqa1946
|
Please answer the given financial question based on the context.
Context: westrock company notes to consolidated financial statements 2014 ( continued ) our results of operations for the fiscal years ended september 30 , 2019 , 2018 and 2017 include share-based compensation expense of $ 64.2 million , $ 66.8 million and $ 60.9 million , respectively , including $ 2.9 million included in the gain on sale of hh&b in fiscal 2017 . share-based compensation expense in fiscal 2017 was reduced by $ 5.4 million for the rescission of shares granted to our ceo that were inadvertently granted in excess of plan limits in fiscal 2014 and 2015 . the total income tax benefit in the results of operations in connection with share-based compensation was $ 16.3 million , $ 19.4 million and $ 22.5 million , for the fiscal years ended september 30 , 2019 , 2018 and 2017 , respectively . cash received from share-based payment arrangements for the fiscal years ended september 30 , 2019 , 2018 and 2017 was $ 61.5 million , $ 44.4 million and $ 59.2 million , respectively . equity awards issued in connection with acquisitions in connection with the kapstone acquisition , we replaced certain outstanding awards of restricted stock units granted under the kapstone long-term incentive plan with westrock stock options and restricted stock units . no additional shares will be granted under the kapstone plan . the kapstone equity awards were replaced with awards with identical terms utilizing an approximately 0.83 conversion factor as described in the merger agreement . the acquisition consideration included approximately $ 70.8 million related to outstanding kapstone equity awards related to service prior to the effective date of the kapstone acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards . as part of the kapstone acquisition , we issued 2665462 options that were valued at a weighted average fair value of $ 20.99 per share using the black-scholes option pricing model . the weighted average significant assumptions used were: .
||2019|
|expected term in years|3.1|
|expected volatility|27.7% ( 27.7 % )|
|risk-free interest rate|3.0% ( 3.0 % )|
|dividend yield|4.1% ( 4.1 % )|
in connection with the mps acquisition , we replaced certain outstanding awards of restricted stock units granted under the mps long-term incentive plan with westrock restricted stock units . no additional shares will be granted under the mps plan . the mps equity awards were replaced with identical terms utilizing an approximately 0.33 conversion factor as described in the merger agreement . as part of the mps acquisition , we granted 119373 awards of restricted stock units , which contain service conditions and were valued at $ 54.24 per share . the acquisition consideration included approximately $ 1.9 million related to outstanding mps equity awards related to service prior to the effective date of the mps acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards . stock options and stock appreciation rights stock options granted under our plans generally have an exercise price equal to the closing market price on the date of the grant , generally vest in three years , in either one tranche or in approximately one-third increments , and have 10-year contractual terms . however , a portion of our grants are subject to earlier expense recognition due to retirement eligibility rules . presently , other than circumstances such as death , disability and retirement , grants will include a provision requiring both a change of control and termination of employment to accelerate vesting . at the date of grant , we estimate the fair value of stock options granted using a black-scholes option pricing model . we use historical data to estimate option exercises and employee terminations in determining the expected term in years for stock options . expected volatility is calculated based on the historical volatility of our stock . the risk-free interest rate is based on u.s . treasury securities in effect at the date of the grant of the stock options . the dividend yield is estimated based on our historic annual dividend payments and current expectations for the future . other than in connection with replacement awards in connection with acquisitions , we did not grant any stock options in fiscal 2019 , 2018 and 2017. .
Question: what was the total value of the options issued in the kapstone acquisition ? ( $ )
Answer:
|
55948047.38
|
what was the total value of the options issued in the kapstone acquisition ? ( $ )
|
{
"options": {
"A": "55948047.38",
"B": "5594804.738",
"C": "559480473.8",
"D": "559480.4738"
},
"goldenKey": "A"
}
|
{
"A": "55948047.38",
"B": "5594804.738",
"C": "559480473.8",
"D": "559480.4738"
}
|
A
|
finqa1947
|
Please answer the given financial question based on the context.
Context: recourse and repurchase obligations as discussed in note 3 loans sale and servicing activities and variable interest entities , pnc has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement . one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions . commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s dus program . we participated in a similar program with the fhlmc . under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement . at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively . the potential maximum exposure under the loss share arrangements was $ 4.0 billion at both december 31 , 2011 and december 31 , 2010 . we maintain a reserve for estimated losses based upon our exposure . the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet . if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses . our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment . analysis of commercial mortgage recourse obligations .
|in millions|2011|2010|
|january 1|$ 54|$ 71|
|reserve adjustments net|1|9|
|losses 2013 loan repurchases and settlements|-8 ( 8 )|-2 ( 2 )|
|loan sales||-24 ( 24 )|
|december 31|$ 47|$ 54|
residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors . these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements . residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and whole-loan sale transactions . as discussed in note 3 in this report , agency securitizations consist of mortgage loans sale transactions with fnma , fhlmc , and gnma , while non-agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors . our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal . repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment . pnc 2019s repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition . pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of whole-loans sold in these transactions . repurchase activity associated with brokered home equity loans/lines is reported in the non-strategic assets portfolio segment . loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans to investors of sufficient investment quality . key aspects of such covenants and representations and warranties include the loan 2019s compliance with any applicable loan criteria established by the investor , including underwriting standards , delivery of all required loan documents to the investor or its designated party , sufficient collateral valuation , and the validity of the lien securing the loan . as a result of alleged breaches of these contractual obligations , investors may request pnc to indemnify them against losses on certain loans or to repurchase loans . these investor indemnification or repurchase claims are typically settled on an individual loan basis through make- whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors . indemnifications for loss or loan repurchases typically occur when , after review of the claim , we agree insufficient evidence exists to dispute the investor 2019s claim that a breach of a loan covenant and representation and warranty has occurred , such breach has not been cured , and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan . depending on the sale agreement and upon proper notice from the investor , we typically respond to such indemnification and repurchase requests within 60 days , although final resolution of the claim may take a longer period of time . with the exception of the sales the pnc financial services group , inc . 2013 form 10-k 199 .
Question: if there were no loan sales in 2010 , what would the total amount of reserves available be , in millions , combined in 2010 and 2011 .
Answer:
|
125.0
|
if there were no loan sales in 2010 , what would the total amount of reserves available be , in millions , combined in 2010 and 2011 .
|
{
"options": {
"A": "54",
"B": "71",
"C": "125",
"D": "199"
},
"goldenKey": "C"
}
|
{
"A": "54",
"B": "71",
"C": "125",
"D": "199"
}
|
C
|
finqa1949
|
Please answer the given financial question based on the context.
Context: see note 10 goodwill and other intangible assets for further discussion of the accounting for goodwill and other intangible assets . the estimated amount of rbc bank ( usa ) revenue and net income ( excluding integration costs ) included in pnc 2019s consolidated income statement for 2012 was $ 1.0 billion and $ 273 million , respectively . upon closing and conversion of the rbc bank ( usa ) transaction , subsequent to march 2 , 2012 , separate records for rbc bank ( usa ) as a stand-alone business have not been maintained as the operations of rbc bank ( usa ) have been fully integrated into pnc . rbc bank ( usa ) revenue and earnings disclosed above reflect management 2019s best estimate , based on information available at the reporting date . the following table presents certain unaudited pro forma information for illustrative purposes only , for 2012 and 2011 as if rbc bank ( usa ) had been acquired on january 1 , 2011 . the unaudited estimated pro forma information combines the historical results of rbc bank ( usa ) with the company 2019s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods . the pro forma information is not indicative of what would have occurred had the acquisition taken place on january 1 , 2011 . in particular , no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of january 1 , 2011 . the unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value . additionally , the pro forma financial information does not include the impact of possible business model changes and does not reflect pro forma adjustments to conform accounting policies between rbc bank ( usa ) and pnc . additionally , pnc expects to achieve further operating cost savings and other business synergies , including revenue growth , as a result of the acquisition that are not reflected in the pro forma amounts that follow . as a result , actual results will differ from the unaudited pro forma information presented . table 57 : rbc bank ( usa ) and pnc unaudited pro forma results .
|in millions|for the year ended december 31 2012|for the year ended december 31 2011|
|total revenues|$ 15721|$ 15421|
|net income|2989|2911|
in connection with the rbc bank ( usa ) acquisition and other prior acquisitions , pnc recognized $ 267 million of integration charges in 2012 . pnc recognized $ 42 million of integration charges in 2011 in connection with prior acquisitions . the integration charges are included in the table above . sale of smartstreet effective october 26 , 2012 , pnc divested certain deposits and assets of the smartstreet business unit , which was acquired by pnc as part of the rbc bank ( usa ) acquisition , to union bank , n.a . smartstreet is a nationwide business focused on homeowner or community association managers and had approximately $ 1 billion of assets and deposits as of september 30 , 2012 . the gain on sale was immaterial and resulted in a reduction of goodwill and core deposit intangibles of $ 46 million and $ 13 million , respectively . results from operations of smartstreet from march 2 , 2012 through october 26 , 2012 are included in our consolidated income statement . flagstar branch acquisition effective december 9 , 2011 , pnc acquired 27 branches in the northern metropolitan atlanta , georgia area from flagstar bank , fsb , a subsidiary of flagstar bancorp , inc . the fair value of the assets acquired totaled approximately $ 211.8 million , including $ 169.3 million in cash , $ 24.3 million in fixed assets and $ 18.2 million of goodwill and intangible assets . we also assumed approximately $ 210.5 million of deposits associated with these branches . no deposit premium was paid and no loans were acquired in the transaction . our consolidated income statement includes the impact of the branch activity subsequent to our december 9 , 2011 acquisition . bankatlantic branch acquisition effective june 6 , 2011 , we acquired 19 branches in the greater tampa , florida area from bankatlantic , a subsidiary of bankatlantic bancorp , inc . the fair value of the assets acquired totaled $ 324.9 million , including $ 256.9 million in cash , $ 26.0 million in fixed assets and $ 42.0 million of goodwill and intangible assets . we also assumed approximately $ 324.5 million of deposits associated with these branches . a $ 39.0 million deposit premium was paid and no loans were acquired in the transaction . our consolidated income statement includes the impact of the branch activity subsequent to our june 6 , 2011 acquisition . sale of pnc global investment servicing on july 1 , 2010 , we sold pnc global investment servicing inc . ( gis ) , a leading provider of processing , technology and business intelligence services to asset managers , broker- dealers and financial advisors worldwide , for $ 2.3 billion in cash pursuant to a definitive agreement entered into on february 2 , 2010 . this transaction resulted in a pretax gain of $ 639 million , net of transaction costs , in the third quarter of 2010 . this gain and results of operations of gis through june 30 , 2010 are presented as income from discontinued operations , net of income taxes , on our consolidated income statement . as part of the sale agreement , pnc has agreed to provide certain transitional services on behalf of gis until completion of related systems conversion activities . 138 the pnc financial services group , inc . 2013 form 10-k .
Question: what was the average , in millions , of pnc's total recognized integration charges from 2011-2012?
Answer:
|
154.5
|
what was the average , in millions , of pnc's total recognized integration charges from 2011-2012?
|
{
"options": {
"A": "267",
"B": "154.5",
"C": "42",
"D": "309"
},
"goldenKey": "B"
}
|
{
"A": "267",
"B": "154.5",
"C": "42",
"D": "309"
}
|
B
|
finqa1950
|
Please answer the given financial question based on the context.
Context: kendal vroman , 39 mr . vroman has served as our managing director , commodity products , otc services & information products since february 2010 . mr . vroman previously served as managing director and chief corporate development officer from 2008 to 2010 . mr . vroman joined us in 2001 and since then has held positions of increasing responsibility , including most recently as managing director , corporate development and managing director , information and technology services . scot e . warren , 47 mr . warren has served as our managing director , equity index products and index services since february 2010 . mr . warren previously served as our managing director , equity products since joining us in 2007 . prior to that , mr . warren worked for goldman sachs as its president , manager trading and business analysis team . prior to goldman sachs , mr . warren managed equity and option execution and clearing businesses for abn amro in chicago and was a senior consultant for arthur andersen & co . for financial services firms . financial information about geographic areas due to the nature of its business , cme group does not track revenues based upon geographic location . we do , however , track trading volume generated outside of traditional u.s . trading hours and through our international telecommunication hubs . our customers can directly access our exchanges throughout the world . the following table shows the percentage of our total trading volume on our globex electronic trading platform generated during non-u.s . hours and through our international hubs. .
||2010|2009|2008|
|trading during non-u.s . hours|13% ( 13 % )|9% ( 9 % )|11% ( 11 % )|
|trading through telecommunication hubs|8|7|8|
available information our web site is www.cmegroup.com . information made available on our web site does not constitute part of this document . we make available on our web site our annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k and amendments to those reports as soon as reasonably practicable after we electronically file or furnish such materials to the sec . our corporate governance materials , including our corporate governance principles , director conflict of interest policy , board of directors code of ethics , categorical independence standards , employee code of conduct and the charters for all the standing committees of our board , may also be found on our web site . copies of these materials are also available to shareholders free of charge upon written request to shareholder relations and member services , attention ms . beth hausoul , cme group inc. , 20 south wacker drive , chicago , illinois 60606. .
Question: what was the increase of trading during non u.s hours between 2009 and 2010?
Answer:
|
0.04
|
what was the increase of trading during non u.s hours between 2009 and 2010?
|
{
"options": {
"A": "0.04",
"B": "0.02",
"C": "0.09",
"D": "0.07"
},
"goldenKey": "A"
}
|
{
"A": "0.04",
"B": "0.02",
"C": "0.09",
"D": "0.07"
}
|
A
|
finqa1951
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( dollars in millions , except per share amounts ) long-term debt maturing over the next five years and thereafter is as follows: .
|2004|$ 244.5|
|2005|$ 523.8|
|2006|$ 338.5|
|2007|$ 0.9|
|2008|$ 0.9|
|2009 and thereafter|$ 1327.6|
on march 7 , 2003 , standard & poor's ratings services downgraded the company's senior secured credit rating to bb+ with negative outlook from bbb- . on may 14 , 2003 , fitch ratings downgraded the company's senior unsecured credit rating to bb+ with negative outlook from bbb- . on may 9 , 2003 , moody's investor services , inc . ( "moody's" ) placed the company's senior unsecured and subordinated credit ratings on review for possible downgrade from baa3 and ba1 , respectively . as of march 12 , 2004 , the company's credit ratings continued to be on review for a possible downgrade . since july 2001 , the company has not repurchased its common stock in the open market . in october 2003 , the company received a federal tax refund of approximately $ 90 as a result of its carryback of its 2002 loss for us federal income tax purposes and certain capital losses , to earlier periods . through december 2002 , the company had paid cash dividends quarterly with the most recent quarterly dividend paid in december 2002 at a rate of $ 0.095 per share . on a quarterly basis , the company's board of directors makes determinations regarding the payment of dividends . as previously discussed , the company's ability to declare or pay dividends is currently restricted by the terms of its revolving credit facilities . the company did not declare or pay any dividends in 2003 . however , in 2004 , the company expects to pay any dividends accruing on the series a mandatory convertible preferred stock in cash , which is expressly permitted by the revolving credit facilities . see note 14 for discussion of fair market value of the company's long-term debt . note 9 : equity offering on december 16 , 2003 , the company sold 25.8 million shares of common stock and issued 7.5 million shares of 3- year series a mandatory convertible preferred stock ( the "preferred stock" ) . the total net proceeds received from the concurrent offerings was approximately $ 693 . the preferred stock carries a dividend yield of 5.375% ( 5.375 % ) . on maturity , each share of the preferred stock will convert , subject to adjustment , to between 3.0358 and 3.7037 shares of common stock , depending on the then-current market price of the company's common stock , representing a conversion premium of approximately 22% ( 22 % ) over the stock offering price of $ 13.50 per share . under certain circumstances , the preferred stock may be converted prior to maturity at the option of the holders or the company . the common and preferred stock were issued under the company's existing shelf registration statement . in january 2004 , the company used approximately $ 246 of the net proceeds from the offerings to redeem the 1.80% ( 1.80 % ) convertible subordinated notes due 2004 . the remaining proceeds will be used for general corporate purposes and to further strengthen the company's balance sheet and financial condition . the company will pay annual dividends on each share of the series a mandatory convertible preferred stock in the amount of $ 2.6875 . dividends will be cumulative from the date of issuance and will be payable on each payment date to the extent that dividends are not restricted under the company's credit facilities and assets are legally available to pay dividends . the first dividend payment , which was declared on february 24 , 2004 , will be made on march 15 , 2004. .
Question: what is the total long-term debt reported in the balance sheet as of december 2003?
Answer:
|
2436.2
|
what is the total long-term debt reported in the balance sheet as of december 2003?
|
{
"options": {
"A": "244.5",
"B": "523.8",
"C": "338.5",
"D": "2436.2"
},
"goldenKey": "D"
}
|
{
"A": "244.5",
"B": "523.8",
"C": "338.5",
"D": "2436.2"
}
|
D
|
finqa1952
|
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 ) corporate and other expenses increased slightly during 2013 by $ 3.5 to $ 140.8 compared to 2012 , primarily due to an increase in salaries and related expenses , mainly attributable to higher base salaries , benefits and temporary help , partially offset by lower severance expenses and a decrease in office and general expenses . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
|cash flow data|years ended december 31 , 2014|years ended december 31 , 2013|years ended december 31 , 2012|
|net income adjusted to reconcile net income to net cashprovided by operating activities1|$ 831.2|$ 598.4|$ 697.2|
|net cash used in working capital b2|-131.1 ( 131.1 )|-9.6 ( 9.6 )|-293.2 ( 293.2 )|
|changes in other non-current assets and liabilities using cash|-30.6 ( 30.6 )|4.1|-46.8 ( 46.8 )|
|net cash provided by operating activities|$ 669.5|$ 592.9|$ 357.2|
|net cash used in investing activities|-200.8 ( 200.8 )|-224.5 ( 224.5 )|-210.2 ( 210.2 )|
|net cash ( used in ) provided by financing activities|-343.9 ( 343.9 )|-1212.3 ( 1212.3 )|131.3|
1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2014 was impacted by our media businesses . net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. .
Question: what is the mathematical range of net income adjusted to reconcile net income to net cash provided by operating activities from 2012-2014?
Answer:
|
232.8
|
what is the mathematical range of net income adjusted to reconcile net income to net cash provided by operating activities from 2012-2014?
|
{
"options": {
"A": "232.8",
"B": "598.4",
"C": "669.5",
"D": "121.5"
},
"goldenKey": "A"
}
|
{
"A": "232.8",
"B": "598.4",
"C": "669.5",
"D": "121.5"
}
|
A
|
finqa1953
|
Please answer the given financial question based on the context.
Context: entergy arkansas , inc . management's financial discussion and analysis fuel and purchased power expenses increased primarily due to increased recovery of deferred fuel and purchased power costs primarily due to an increase in april 2004 in the energy cost recovery rider and the true-ups to the 2003 and 2002 energy cost recovery rider filings . other regulatory credits decreased primarily due to the over-recovery of grand gulf costs due to an increase in the grand gulf rider effective january 2004 . 2003 compared to 2002 net revenue , which is entergy arkansas' 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 2003 to 2002. .
||( in millions )|
|2002 net revenue|$ 1095.9|
|march 2002 settlement agreement|-154.0 ( 154.0 )|
|volume/weather|-7.7 ( 7.7 )|
|asset retirement obligation|30.1|
|net wholesale revenue|16.6|
|deferred fuel cost revisions|10.2|
|other|7.6|
|2003 net revenue|$ 998.7|
the march 2002 settlement agreement resolved a request for recovery of ice storm costs incurred in december 2000 with an offset of those costs for funds contributed to pay for future stranded costs . a 1997 settlement provided for the collection of earnings in excess of an 11% ( 11 % ) return on equity in a transition cost account ( tca ) to offset stranded costs if retail open access were implemented . in mid- and late december 2000 , two separate ice storms left 226000 and 212500 entergy arkansas customers , respectively , without electric power in its service area . entergy arkansas filed a proposal to recover costs plus carrying charges associated with power restoration caused by the ice storms . entergy arkansas' final storm damage cost determination reflected costs of approximately $ 195 million . the apsc approved a settlement agreement submitted in march 2002 by entergy arkansas , the apsc staff , and the arkansas attorney general . in the march 2002 settlement , the parties agreed that $ 153 million of the ice storm costs would be classified as incremental ice storm expenses that can be offset against the tca on a rate class basis , and any excess of ice storm costs over the amount available in the tca would be deferred and amortized over 30 years , although such excess costs were not allowed to be included as a separate component of rate base . the allocated ice storm expenses exceeded the available tca funds by $ 15.8 million which was recorded as a regulatory asset in june 2002 . in accordance with the settlement agreement and following the apsc's approval of the 2001 earnings review related to the tca , entergy arkansas filed to return $ 18.1 million of the tca to certain large general service class customers that paid more into the tca than their allocation of storm costs . the apsc approved the return of funds to the large general service customer class in the form of refund checks in august 2002 . as part of the implementation of the march 2002 settlement agreement provisions , the tca procedure ceased with the 2001 earnings evaluation . of the remaining ice storm costs , $ 32.2 million was addressed through established ratemaking procedures , including $ 22.2 million classified as capital additions , while $ 3.8 million of the ice storm costs was not recovered through rates . the effect on net income of the march 2002 settlement agreement and 2001 earnings review was a $ 2.2 million increase in 2003 , because the decrease in net revenue was offset by the decrease in operation and maintenance expenses discussed below. .
Question: what is the storm damage cost as a percentage of 2002 net revenue?
Answer:
|
0.17794
|
what is the storm damage cost as a percentage of 2002 net revenue?
|
{
"options": {
"A": "0.17794%",
"B": "0.01779%",
"C": "1.7794%",
"D": "17.794%"
},
"goldenKey": "A"
}
|
{
"A": "0.17794%",
"B": "0.01779%",
"C": "1.7794%",
"D": "17.794%"
}
|
A
|
finqa1954
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 110 jpmorgan chase & co./2013 annual report 2012 compared with 2011 net loss was $ 2.0 billion , compared with a net income of $ 919 million in the prior year . private equity reported net income of $ 292 million , compared with net income of $ 391 million in the prior year . net revenue was $ 601 million , compared with $ 836 million in the prior year , due to lower unrealized and realized gains on private investments , partially offset by higher unrealized gains on public securities . noninterest expense was $ 145 million , down from $ 238 million in the prior year . treasury and cio reported a net loss of $ 2.1 billion , compared with net income of $ 1.3 billion in the prior year . net revenue was a loss of $ 3.1 billion , compared with net revenue of $ 3.2 billion in the prior year . the current year loss reflected $ 5.8 billion of losses incurred by cio from the synthetic credit portfolio for the six months ended june 30 , 2012 , and $ 449 million of losses from the retained index credit derivative positions for the three months ended september 30 , 2012 . these losses were partially offset by securities gains of $ 2.0 billion . the current year revenue reflected $ 888 million of extinguishment gains related to the redemption of trust preferred securities , which are included in all other income in the above table . the extinguishment gains were related to adjustments applied to the cost basis of the trust preferred securities during the period they were in a qualified hedge accounting relationship . net interest income was negative $ 683 million , compared with $ 1.4 billion in the prior year , primarily reflecting the impact of lower portfolio yields and higher deposit balances across the firm . other corporate reported a net loss of $ 221 million , compared with a net loss of $ 821 million in the prior year . noninterest revenue of $ 1.8 billion was driven by a $ 1.1 billion benefit for the washington mutual bankruptcy settlement , which is included in all other income in the above table , and a $ 665 million gain from the recovery on a bear stearns-related subordinated loan . noninterest expense of $ 3.8 billion was up $ 1.0 billion compared with the prior year . the current year included expense of $ 3.7 billion for additional litigation reserves , largely for mortgage-related matters . the prior year included expense of $ 3.2 billion for additional litigation reserves . treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding and structural interest rate and foreign exchange risks , as well as executing the firm 2019s capital plan . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off-balance sheet assets and liabilities . cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs and htm investment securities portfolios ( the 201cinvestment securities portfolio 201d ) . cio also uses derivatives , as well as securities that are not classified as afs or htm , to meet the firm 2019s asset-liability management objectives . for further information on derivatives , see note 6 on pages 220 2013233 of this annual report . for further information about securities not classified within the afs or htm portfolio , see note 3 on pages 195 2013215 of this annual report . the treasury and cio investment securities portfolio primarily consists of u.s . and non-u.s . government securities , agency and non-agency mortgage-backed securities , other asset-backed securities , corporate debt securities and obligations of u.s . states and municipalities . at december 31 , 2013 , the total treasury and cio investment securities portfolio was $ 347.6 billion ; the average credit rating of the securities comprising the treasury and cio investment securities portfolio was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . see note 12 on pages 249 2013254 of this annual report for further information on the details of the firm 2019s investment securities portfolio . for further information on liquidity and funding risk , see liquidity risk management on pages 168 2013173 of this annual report . for information on interest rate , foreign exchange and other risks , treasury and cio value-at-risk ( 201cvar 201d ) and the firm 2019s structural interest rate-sensitive revenue at risk , see market risk management on pages 142 2013148 of this annual report . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2013 2012 2011 .
|as of or for the year ended december 31 ( in millions )|2013|2012|2011|
|securities gains|$ 659|$ 2028|$ 1385|
|investment securities portfolio ( average )|353712|358029|330885|
|investment securities portfolio ( period 2013end ) ( a )|347562|365421|355605|
|mortgage loans ( average )|5145|10241|13006|
|mortgage loans ( period-end )|3779|7037|13375|
( a ) period-end investment securities included held-to-maturity balance of $ 24.0 billion at december 31 , 2013 . held-to-maturity balances for the other periods were not material. .
Question: based on the selected financial statement data what was the variance between the mortgage loans average and period-end balance
Answer:
|
1366.0
|
based on the selected financial statement data what was the variance between the mortgage loans average and period-end balance
|
{
"options": {
"A": "1366.0",
"B": "2678.0",
"C": "822.0",
"D": "929.0"
},
"goldenKey": "A"
}
|
{
"A": "1366.0",
"B": "2678.0",
"C": "822.0",
"D": "929.0"
}
|
A
|
finqa1957
|
Please answer the given financial question based on the context.
Context: benefits as an increase to earnings of $ 152 million ( $ 0.50 per share ) during the year ended december 31 , 2016 . additionally , we recognized additional income tax benefits as an increase to operating cash flows of $ 152 million during the year ended december 31 , 2016 . the new accounting standard did not impact any periods prior to january 1 , 2016 , as we applied the changes in the asu on a prospective basis . in september 2015 , the fasb issued asu no . 2015-16 , business combinations ( topic 805 ) , which simplifies the accounting for adjustments made to preliminary amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments . instead , adjustments will be recognized in the period in which the adjustments are determined , including the effect on earnings of any amounts that would have been recorded in previous periods if the accounting had been completed at the acquisition date . we adopted the asu on january 1 , 2016 and are prospectively applying the asu to business combination adjustments identified after the date of adoption . in november 2015 , the fasb issued asu no . 2015-17 , income taxes ( topic 740 ) , which simplifies the presentation of deferred income taxes and requires that deferred tax assets and liabilities , as well as any related valuation allowance , be classified as noncurrent in our consolidated balance sheets . we applied the provisions of the asu retrospectively and reclassified approximately $ 1.6 billion from current to noncurrent assets and approximately $ 140 million from current to noncurrent liabilities in our consolidated balance sheet as of december 31 , 2015 . note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
||2016|2015|2014|
|weighted average common shares outstanding for basic computations|299.3|310.3|316.8|
|weighted average dilutive effect of equity awards|3.8|4.4|5.6|
|weighted average common shares outstanding for dilutedcomputations|303.1|314.7|322.4|
we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units and exercise of outstanding stock options based on the treasury stock method . there were no anti-dilutive equity awards for the years ended december 31 , 2016 , 2015 and 2014 . note 3 2013 acquisitions and divestitures acquisitions acquisition of sikorsky aircraft corporation on november 6 , 2015 , we completed the acquisition of sikorsky aircraft corporation and certain affiliated companies ( collectively 201csikorsky 201d ) from united technologies corporation ( utc ) and certain of utc 2019s subsidiaries . the purchase price of the acquisition was $ 9.0 billion , net of cash acquired . as a result of the acquisition , sikorsky became a wholly- owned subsidiary of ours . sikorsky is a global company primarily engaged in the research , design , development , manufacture and support of military and commercial helicopters . sikorsky 2019s products include military helicopters such as the black hawk , seahawk , ch-53k , h-92 ; and commercial helicopters such as the s-76 and s-92 . the acquisition enables us to extend our core business into the military and commercial rotary wing markets , allowing us to strengthen our position in the aerospace and defense industry . further , this acquisition will expand our presence in commercial and international markets . sikorsky has been aligned under our rms business segment . to fund the $ 9.0 billion acquisition price , we utilized $ 6.0 billion of proceeds borrowed under a temporary 364-day revolving credit facility ( the 364-day facility ) , $ 2.0 billion of cash on hand and $ 1.0 billion from the issuance of commercial paper . in the fourth quarter of 2015 , we repaid all outstanding borrowings under the 364-day facility with the proceeds from the issuance of $ 7.0 billion of fixed interest-rate long-term notes in a public offering ( the november 2015 notes ) . in the fourth quarter of 2015 , we also repaid the $ 1.0 billion in commercial paper borrowings ( see 201cnote 10 2013 debt 201d ) . .
Question: what is the percentage change in weighted average common shares outstanding for diluted computations from 2015 to 2016?
Answer:
|
-0.03686
|
what is the percentage change in weighted average common shares outstanding for diluted computations from 2015 to 2016?
|
{
"options": {
"A": "-0.03686%",
"B": "0.03686%",
"C": "-3.686%",
"D": "3.686%"
},
"goldenKey": "A"
}
|
{
"A": "-0.03686%",
"B": "0.03686%",
"C": "-3.686%",
"D": "3.686%"
}
|
A
|
finqa1958
|
Please answer the given financial question based on the context.
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. .
|in millions of dollars|2009|2008|2007|
|net interest revenue|$ -1663 ( 1663 )|$ -2680 ( 2680 )|$ -2008 ( 2008 )|
|non-interest revenue|-8893 ( 8893 )|422|-302 ( 302 )|
|total revenues net of interest expense|$ -10556 ( 10556 )|$ -2258 ( 2258 )|$ -2310 ( 2310 )|
|total operating expenses|$ 1420|$ 510|$ 1813|
|provisions for loan losses and for benefits and claims|-1 ( 1 )|1|-3 ( 3 )|
|( loss ) from continuing operations before taxes|$ -11975 ( 11975 )|$ -2769 ( 2769 )|$ -4120 ( 4120 )|
|income taxes ( benefits )|-4369 ( 4369 )|-587 ( 587 )|-1446 ( 1446 )|
|( loss ) from continuing operations|$ -7606 ( 7606 )|$ -2182 ( 2182 )|$ -2674 ( 2674 )|
|income ( loss ) from discontinued operations net of taxes|-445 ( 445 )|4002|708|
|net income ( loss ) before attribution of noncontrolling interests|$ -8051 ( 8051 )|$ 1820|$ -1966 ( 1966 )|
|net income attributable to noncontrolling interests|2014|2014|2|
|net income ( loss )|$ -8051 ( 8051 )|$ 1820|$ -1968 ( 1968 )|
2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Question: what was the percentage change in total operating expenses between 2008 and 2009?
Answer:
|
1.78431
|
what was the percentage change in total operating expenses between 2008 and 2009?
|
{
"options": {
"A": "1.78431%",
"B": "17.8431%",
"C": "0.17843%",
"D": "0.0178431%"
},
"goldenKey": "A"
}
|
{
"A": "1.78431%",
"B": "17.8431%",
"C": "0.17843%",
"D": "0.0178431%"
}
|
A
|
finqa1959
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements j.p . morgan chase & co . 98 j.p . morgan chase & co . / 2003 annual report securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions and settle other securities obligations . the firm also enters into these transactions to accommodate customers 2019 needs . securities purchased under resale agreements ( 201cresale agreements 201d ) and securities sold under repurchase agreements ( 201crepurchase agreements 201d ) are generally treated as collateralized financing transactions and are carried on the consolidated bal- ance sheet at the amounts the securities will be subsequently sold or repurchased , plus accrued interest . where appropriate , resale and repurchase agreements with the same counterparty are reported on a net basis in accordance with fin 41 . jpmorgan chase takes possession of securities purchased under resale agreements . on a daily basis , jpmorgan chase monitors the market value of the underlying collateral received from its counterparties , consisting primarily of u.s . and non-u.s . govern- ment and agency securities , and requests additional collateral from its counterparties when necessary . similar transactions that do not meet the sfas 140 definition of a repurchase agreement are accounted for as 201cbuys 201d and 201csells 201d rather than financing transactions . these transactions are accounted for as a purchase ( sale ) of the underlying securities with a forward obligation to sell ( purchase ) the securities . the forward purchase ( sale ) obligation , a derivative , is recorded on the consolidated balance sheet at its fair value , with changes in fair value recorded in trading revenue . notional amounts of these transactions accounted for as purchases under sfas 140 were $ 15 billion and $ 8 billion at december 31 , 2003 and 2002 , respectively . notional amounts of these transactions accounted for as sales under sfas 140 were $ 8 billion and $ 13 billion at december 31 , 2003 and 2002 , respectively . based on the short-term duration of these contracts , the unrealized gain or loss is insignificant . securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received . securities bor- rowed consist primarily of government and equity securities . jpmorgan chase monitors the market value of the securities borrowed and lent on a daily basis and calls for additional col- lateral when appropriate . fees received or paid are recorded in interest income or interest expense. .
|december 31 ( in millions )|2003|2002|
|securities purchased under resale agreements|$ 62801|$ 57645|
|securities borrowed|41834|34143|
|securities sold under repurchase agreements|$ 105409|$ 161394|
|securities loaned|2461|1661|
note 10 jpmorgan chase pledges certain financial instruments it owns to collateralize repurchase agreements and other securities financ- ings . pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheet . at december 31 , 2003 , the firm had received securities as col- lateral that can be repledged , delivered or otherwise used with a fair value of approximately $ 210 billion . this collateral was gen- erally obtained under resale or securities-borrowing agreements . of these securities , approximately $ 197 billion was repledged , delivered or otherwise used , generally as collateral under repur- chase agreements , securities-lending agreements or to cover short sales . notes to consolidated financial statements j.p . morgan chase & co . loans are reported at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees . loans held for sale are carried at the lower of aggregate cost or fair value . loans are classified as 201ctrading 201d for secondary market trading activities where positions are bought and sold to make profits from short-term movements in price . loans held for trading purposes are included in trading assets and are carried at fair value , with the gains and losses included in trading revenue . interest income is recognized using the interest method , or on a basis approximating a level rate of return over the term of the loan . nonaccrual loans are those on which the accrual of interest is discontinued . loans ( other than certain consumer loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of principal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover prin- cipal and interest . interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income . in addition , the amortization of net deferred loan fees is suspended . interest income on nonaccrual loans is recognized only to the extent it is received in cash . however , where there is doubt regarding the ultimate collectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of the loan . loans are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured . consumer loans are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accor- dance with the federal financial institutions examination council ( 201cffiec 201d ) policy . for example , credit card loans are charged off at the earlier of 180 days past due or within 60 days from receiving notification of the filing of bankruptcy . residential mortgage products are generally charged off to net realizable value at 180 days past due . other consumer products are gener- ally charged off ( to net realizable value if collateralized ) at 120 days past due . accrued interest on residential mortgage products , automobile financings and certain other consumer loans are accounted for in accordance with the nonaccrual loan policy note 11 .
Question: in 2003 what was the ratio of the securities purchased under resale agreements to the \\nsecurities borrowed
Answer:
|
1.5012
|
in 2003 what was the ratio of the securities purchased under resale agreements to the \\nsecurities borrowed
|
{
"options": {
"A": "1.5012",
"B": "0.6702",
"C": "1.8756",
"D": "0.4128"
},
"goldenKey": "A"
}
|
{
"A": "1.5012",
"B": "0.6702",
"C": "1.8756",
"D": "0.4128"
}
|
A
|
finqa1960
|
Please answer the given financial question based on the context.
Context: advance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
|allowance for doubtful accounts receivable:|balance atbeginningof period|charges toexpenses|deductions||balance atend ofperiod|
|january 3 2015|$ 13295|$ 17182|$ -14325 ( 14325 )|-1 ( 1 )|$ 16152|
|january 2 2016|16152|22067|-12461 ( 12461 )|-1 ( 1 )|25758|
|december 31 2016|25758|24597|-21191 ( 21191 )|-1 ( 1 )|29164|
advance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
Question: what is the net increase in the balance of allowance for doubtful accounts receivable during 2015?
Answer:
|
2857.0
|
what is the net increase in the balance of allowance for doubtful accounts receivable during 2015?
|
{
"options": {
"A": "2857.0",
"B": "12461.0",
"C": "-14325.0",
"D": "21191.0"
},
"goldenKey": "A"
}
|
{
"A": "2857.0",
"B": "12461.0",
"C": "-14325.0",
"D": "21191.0"
}
|
A
|
finqa1961
|
Please answer the given financial question based on the context.
Context: instruments at fair value and to recognize the effective and ineffective portions of the cash flow hedges . ( 2 ) for the year ended december 31 , 2000 , earnings available to common stockholders includes reductions of $ 2371 of preferred stock dividends and $ 16266 for the redemption of pca 2019s 123 20448% ( 20448 % ) preferred stock . ( 3 ) on october 13 , 2003 , pca announced its intention to begin paying a quarterly cash dividend of $ 0.15 per share , or $ 0.60 per share annually , on its common stock . the first quarterly dividend of $ 0.15 per share was paid on january 15 , 2004 to shareholders of record as of december 15 , 2003 . pca did not declare any dividends on its common stock in 2000 - 2002 . ( 4 ) total long-term obligations include long-term debt , short-term debt and the current maturities of long-term debt . item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion of historical results of operations and financial condition should be read in conjunction with the audited financial statements and the notes thereto which appear elsewhere in this report . overview on april 12 , 1999 , pca acquired the containerboard and corrugated products business of pactiv corporation ( the 201cgroup 201d ) , formerly known as tenneco packaging inc. , a wholly owned subsidiary of tenneco , inc . the group operated prior to april 12 , 1999 as a division of pactiv , and not as a separate , stand-alone entity . from its formation in january 1999 and through the closing of the acquisition on april 12 , 1999 , pca did not have any significant operations . the april 12 , 1999 acquisition was accounted for using historical values for the contributed assets . purchase accounting was not applied because , under the applicable accounting guidance , a change of control was deemed not to have occurred as a result of the participating veto rights held by pactiv after the closing of the transactions under the terms of the stockholders agreement entered into in connection with the transactions . results of operations year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december , 31 2004 and 2003 are set forth the below : for the year ended december 31 , ( in millions ) 2004 2003 change .
|( in millions )|2004|2003|change|
|net sales|$ 1890.1|$ 1735.5|$ 154.6|
|income before interest and taxes|$ 140.5|$ 96.9|$ 43.6|
|interest expense net|-29.6 ( 29.6 )|-121.8 ( 121.8 )|92.2|
|income ( loss ) before taxes|110.9|-24.9 ( 24.9 )|135.8|
|( provision ) benefit for income taxes|-42.2 ( 42.2 )|10.5|-52.7 ( 52.7 )|
|net income ( loss )|$ 68.7|$ -14.4 ( 14.4 )|$ 83.1|
.
Question: what was the percentage change in income before interest and taxes between 2003 and 2004?
Answer:
|
0.44995
|
what was the percentage change in income before interest and taxes between 2003 and 2004?
|
{
"options": {
"A": "0.1546",
"B": "0.436",
"C": "0.44995",
"D": "0.831"
},
"goldenKey": "C"
}
|
{
"A": "0.1546",
"B": "0.436",
"C": "0.44995",
"D": "0.831"
}
|
C
|
finqa1962
|
Please answer the given financial question based on the context.
Context: cash flows from operating activities can fluctuate significantly from period to period , as pension funding decisions , tax timing differences and other items can significantly impact cash flows . in both 2007 and 2006 , the company made discretionary contributions of $ 200 million to its u.s . qualified pension plan , and in 2005 made discretionary contributions totaling $ 500 million . in 2007 , cash flows provided by operating activities increased $ 436 million , including an increase in net income of $ 245 million . since the gain from sale of businesses is included in and increases net income , the pre-tax gain from the sale of the businesses must be subtracted , as shown above , to properly reflect operating cash flows . the cash proceeds from the sale of the pharmaceuticals business are shown as part of cash from investing activities ; however , when the related taxes are paid they are required to be shown as part of cash provided by operating activities . thus , operating cash flows for 2007 were penalized due to cash income tax payments of approximately $ 630 million in 2007 that related to the sale of the global branded pharmaceuticals business . non-pharmaceutical related cash income tax payments were approximately $ 475 million lower than 2006 due to normal timing differences in tax payments , which benefited cash flows . accounts receivable and inventory increases reduced cash flows in 2007 , but decreased cash flow less than in 2006 , resulting in a year-on-year benefit to cash flows of $ 323 million . the category 201cother-net 201d in the preceding table reflects changes in other asset and liability accounts , including the impact of cash payments made in connection with 3m 2019s restructuring actions ( note 4 ) . in 2006 , cash flows provided by operating activities decreased $ 365 million . this decrease was due in large part to an increase of approximately $ 600 million in tax payments in 2006 compared with 2005 . the higher tax payments in 2006 primarily related to the company 2019s repatriation of $ 1.7 billion of foreign earnings in the united states pursuant to the provisions of the american jobs creation act of 2004 . the category 201cother-net 201d in the preceding table reflects changes in other asset and liability accounts , including outstanding liabilities at december 31 , 2006 , related to 3m 2019s restructuring actions ( note 4 ) . cash flows from investing activities : years ended december 31 .
|( millions )|2007|2006|2005|
|purchases of property plant and equipment ( pp&e )|$ -1422 ( 1422 )|$ -1168 ( 1168 )|$ -943 ( 943 )|
|proceeds from sale of pp&e and other assets|103|49|41|
|acquisitions net of cash acquired|-539 ( 539 )|-888 ( 888 )|-1293 ( 1293 )|
|proceeds from sale of businesses|897|1209|2014|
|purchases and proceeds from sale or maturities of marketable securities and investments 2014 net|-406 ( 406 )|-662 ( 662 )|-46 ( 46 )|
|net cash used in investing activities|$ -1367 ( 1367 )|$ -1460 ( 1460 )|$ -2241 ( 2241 )|
investments in property , plant and equipment enable growth in diverse markets , helping to meet product demand and increasing manufacturing efficiency . in 2007 , numerous plants were opened or expanded internationally . this included two facilities in korea ( respirator manufacturing facility and optical plant ) , an optical plant in poland , industrial adhesives/tapes facilities in both brazil and the philippines , a plant in russia ( corrosion protection , industrial adhesive and tapes , and respirators ) , a plant in china ( optical systems , industrial adhesives and tapes , and personal care ) , an expansion in canada ( construction and home improvement business ) , in addition to investments in india , mexico and other countries . in addition , 3m expanded manufacturing capabilities in the u.s. , including investments in industrial adhesives/tapes and optical . 3m also exited several high-cost underutilized manufacturing facilities and streamlined several supply chains by relocating equipment from one facility to another . the streamlining work has primarily occurred inside the u.s . and is in addition to the streamlining achieved through plant construction . as a result of this increased activity , capital expenditures were $ 1.422 billion in 2007 , an increase of $ 254 million when compared to 2006 . the company expects capital expenditures to total approximately $ 1.3 billion to $ 1.4 billion in 2008 . refer to the preceding 201ccapital spending/net property , plant and equipment 201d section for more detail . refer to note 2 for information on 2007 , 2006 and 2005 acquisitions . note 2 also provides information on the proceeds from the sale of businesses . the company is actively considering additional acquisitions , investments and strategic alliances , and from time to time may also divest certain businesses . purchases of marketable securities and investments and proceeds from sale ( or maturities ) of marketable securities and investments are primarily attributable to asset-backed securities , agency securities , corporate medium-term note securities , auction rate securities and other securities , which are classified as available-for-sale . refer to note 9 for more details about 3m 2019s diversified marketable securities portfolio , which totaled $ 1.059 billion as of december 31 , 2007 . purchases of marketable securities , net of sales and maturities , totaled $ 429 million for 2007 and $ 637 million for 2006 . purchases of investments in 2005 include the purchase of 19% ( 19 % ) of ti&m beteiligungsgesellschaft mbh for .
Question: in 2006 what was the ratio of the increase in tax payments in 2005 and 2006 to the decrease in cash
Answer:
|
1.64384
|
in 2006 what was the ratio of the increase in tax payments in 2005 and 2006 to the decrease in cash
|
{
"options": {
"A": "0.365",
"B": "1.64384",
"C": "0.600",
"D": "1.700"
},
"goldenKey": "B"
}
|
{
"A": "0.365",
"B": "1.64384",
"C": "0.600",
"D": "1.700"
}
|
B
|
finqa1963
|
Please answer the given financial question based on the context.
Context: executive deferred compensation plan for the company 2019s executives and members of the board of directors , the company adopted the illumina , inc . deferred compensation plan ( the plan ) that became effective january 1 , 2008 . eligible participants can contribute up to 80% ( 80 % ) of their base salary and 100% ( 100 % ) of all other forms of compensation into the plan , including bonus , commission and director fees . the company has agreed to credit the participants 2019 contributions with earnings that reflect the performance of certain independent investment funds . on a discretionary basis , the company may also make employer contributions to participant accounts in any amount determined by the company . the vesting schedules of employer contributions are at the sole discretion of the compensation committee . however , all employer contributions shall become 100% ( 100 % ) vested upon the occurrence of the participant 2019s disability , death or retirement or a change in control of the company . the benefits under this plan are unsecured . participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment with the company for any reason or at a later date to comply with the restrictions of section 409a . as of december 28 , 2008 , no employer contributions were made to the plan . in january 2008 , the company also established a rabbi trust for the benefit of its directors and executives under the plan . in accordance with fasb interpretation ( fin ) no . 46 , consolidation of variable interest entities , an interpretation of arb no . 51 , and eitf 97-14 , accounting for deferred compensation arrangements where amounts earned are held in a rabbi trust and invested , the company has included the assets of the rabbi trust in its consolidated balance sheet since the trust 2019s inception . as of december 28 , 2008 , the assets of the trust and liabilities of the company were $ 1.3 million . the assets and liabilities are classified as other assets and accrued liabilities , respectively , on the company 2019s balance sheet as of december 28 , 2008 . changes in the values of the assets held by the rabbi trust accrue to the company . 14 . segment information , geographic data and significant customers during the first quarter of 2008 , the company reorganized its operating structure into a newly created life sciences business unit , which includes all products and services related to the research market , namely the beadarray , beadxpress and sequencing product lines . the company also created a diagnostics business unit to focus on the emerging opportunity in molecular diagnostics . for the year ended december 28 , 2008 , the company had limited activity related to the diagnostics business unit , and operating results were reported on an aggregate basis to the chief operating decision maker of the company , the chief executive officer . in accordance with sfas no . 131 , disclosures about segments of an enterprise and related information , the company operated in one reportable segment for the year ended december 28 , 2008 . the company had revenue in the following regions for the years ended december 28 , 2008 , december 30 , 2007 and december 31 , 2006 ( in thousands ) : year ended december 28 , year ended december 30 , year ended december 31 .
||year ended december 28 2008|year ended december 30 2007|year ended december 31 2006|
|united states|$ 280064|$ 207692|$ 103043|
|united kingdom|67973|34196|22840|
|other european countries|127397|75360|32600|
|asia-pacific|72740|35155|15070|
|other markets|25051|14396|11033|
|total|$ 573225|$ 366799|$ 184586|
net revenues are attributable to geographic areas based on the region of destination . illumina , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: for the year ended december 28 , 2008 what was the ratio of the united states to the united kingdom revenues
Answer:
|
4.12022
|
for the year ended december 28 , 2008 what was the ratio of the united states to the united kingdom revenues
|
{
"options": {
"A": "1.280064",
"B": "2.67973",
"C": "3.127397",
"D": "4.12022"
},
"goldenKey": "D"
}
|
{
"A": "1.280064",
"B": "2.67973",
"C": "3.127397",
"D": "4.12022"
}
|
D
|
finqa1964
|
Please answer the given financial question based on the context.
Context: part i the following table details the growth in global weighted average berths and the global , north american and european cruise guests over the past five years : weighted-average supply of berths marketed globally ( 1 ) royal caribbean cruises ltd . total berths global cruise guests ( 1 ) north american cruise guests ( 2 ) european cruise guests ( 3 ) .
|year|weighted-averagesupply ofberthsmarketedglobally ( 1 )|royal caribbean cruises ltd . total berths|globalcruiseguests ( 1 )|north americancruiseguests ( 2 )|europeancruiseguests ( 3 )|
|2009|363000|84050|17340000|10198000|5000000|
|2010|391000|92300|18800000|10781000|5540000|
|2011|412000|92650|20227000|11625000|5894000|
|2012|425000|98650|20898000|11640000|6139000|
|2013|432000|98750|21300000|11816000|6399000|
( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a com- bination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider , cruise industry news and cruise line international association ( 201cclia 201d ) . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates ( see number 1 above ) . includes the united states of america and canada . ( 3 ) source : clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates ( see number 1 above ) . north america the majority of cruise guests are sourced from north america , which represented approximately 56% ( 56 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 3.2% ( 3.2 % ) from 2009 to 2013 . europe cruise guests sourced from europe represented approximately 30% ( 30 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 6.0% ( 6.0 % ) from 2009 to 2013 . other markets in addition to expected industry growth in north america and europe , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . based on industry data , cruise guests sourced from the asia/pacific region represented approximately 4.5% ( 4.5 % ) of global cruise guests in 2013 . the compound annual growth rate in cruise guests sourced from this market was approximately 15% ( 15 % ) from 2011 to 2013 . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activities is influenced by political and general economic conditions . com- panies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : and employees and protect the environment in which our vessels and organization operate , to better serve our global guest base and grow our business , order to enhance our revenues , our brands globally , expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , ization and maintenance of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with new state-of- the-art cruise ships , ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and .
Question: in 2010 what was the percent of the global cruise guests on the european cruise
Answer:
|
0.29468
|
in 2010 what was the percent of the global cruise guests on the european cruise
|
{
"options": {
"A": "0.29468",
"B": "0.294",
"C": "0.295",
"D": "0.29"
},
"goldenKey": "A"
}
|
{
"A": "0.29468",
"B": "0.294",
"C": "0.295",
"D": "0.29"
}
|
A
|
finqa1965
|
Please answer the given financial question based on the context.
Context: ( $ 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 replacement steam generator prudence review proceeding . 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 included 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 was 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 combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . these costs are being entergy corporation and subsidiaries management 2019s financial discussion and analysis .
Question: what is the retail electric price as a percentage of net revenue in 2015?
Answer:
|
0.04958
|
what is the retail electric price as a percentage of net revenue in 2015?
|
{
"options": {
"A": "0.04958",
"B": "0.04675",
"C": "0.05291",
"D": "0.05574"
},
"goldenKey": "A"
}
|
{
"A": "0.04958",
"B": "0.04675",
"C": "0.05291",
"D": "0.05574"
}
|
A
|
finqa1966
|
Please answer the given financial question based on the context.
Context: the following table summarizes the changes in the company 2019s valuation allowance: .
|balance at january 1 2010|$ 25621|
|increases in current period tax positions|907|
|decreases in current period tax positions|-2740 ( 2740 )|
|balance at december 31 2010|$ 23788|
|increases in current period tax positions|1525|
|decreases in current period tax positions|-3734 ( 3734 )|
|balance at december 31 2011|$ 21579|
|increases in current period tax positions|0|
|decreases in current period tax positions|-2059 ( 2059 )|
|balance at december 31 2012|$ 19520|
note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s funding policy is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost , and an additional contribution if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also increase its contributions , if appropriate , to its tax and cash position and the plan 2019s funded position . pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities and guaranteed interest contracts with insurance companies . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has several unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees . the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees . the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 . the plans had previously closed for non-union employees hired on or after january 1 , 2002 . the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes . plan assets are invested in equity and bond mutual funds , fixed income securities , real estate investment trusts ( 201creits 201d ) and emerging market funds . the obligations of the plans are dominated by obligations for active employees . because the timing of expected benefit payments is so far in the future and the size of the plan assets are small relative to the company 2019s assets , the investment strategy is to allocate a significant percentage of assets to equities , which the company believes will provide the highest return over the long-term period . the fixed income assets are invested in long duration debt securities and may be invested in fixed income instruments , such as futures and options in order to better match the duration of the plan liability. .
Question: as of december 312012 what was the percentage change in tax positions from 2011 and favorable or unfavorable?
Answer:
|
-0.09542
|
as of december 312012 what was the percentage change in tax positions from 2011 and favorable or unfavorable?
|
{
"options": {
"A": "-0.09542% favorable",
"B": "-0.09542% unfavorable",
"C": "0.09542% favorable",
"D": "0.09542% unfavorable"
},
"goldenKey": "A"
}
|
{
"A": "-0.09542% favorable",
"B": "-0.09542% unfavorable",
"C": "0.09542% favorable",
"D": "0.09542% unfavorable"
}
|
A
|
finqa1968
|
Please answer the given financial question based on the context.
Context: ( c ) includes the effects of items not considered in the assessment of the operating performance of our business segments which increased operating profit by $ 230 million , $ 150 million after tax ( $ 0.34 per share ) . also includes expenses of $ 16 million , $ 11 million after tax ( $ 0.03 per share ) for a debt exchange , and a reduction in income tax expense of $ 62 million ( $ 0.14 per share ) resulting from a tax benefit related to claims we filed for additional extraterritorial income exclusion ( eti ) tax benefits . on a combined basis , these items increased earnings by $ 201 million after tax ( $ 0.45 per share ) . ( d ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , increased operating profit by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) . ( e ) includes the effects of items not considered in the assessment of the operating performance of our business segments which decreased operating profit by $ 61 million , $ 54 million after tax ( $ 0.12 per share ) . also includes a charge of $ 154 million , $ 100 million after tax ( $ 0.22 per share ) for the early repayment of debt , and a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) . on a combined basis , these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) . ( f ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased operating profit by $ 7 million , $ 6 million after tax ( $ 0.01 per share ) . also includes a charge of $ 146 million , $ 96 million after tax ( $ 0.21 per share ) for the early repayment of debt . ( g ) we define return on invested capital ( roic ) as net earnings plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back adjustments related to postretirement benefit plans . we believe that reporting roic provides investors with greater visibility into how effectively we use the capital invested in our operations . we use roic to evaluate multi-year investment decisions and as a long-term performance measure , and also use it as a factor in evaluating management performance under certain of our incentive compensation plans . roic is not a measure of financial performance under generally accepted accounting principles , and may not be defined and calculated by other companies in the same manner . roic should not be considered in isolation or as an alternative to net earnings as an indicator of performance . we calculate roic as follows : ( in millions ) 2007 2006 2005 2004 2003 .
|( in millions )|2007|2006|2005|2004|2003|
|net earnings|$ 3033|$ 2529|$ 1825|$ 1266|$ 1053|
|interest expense ( multiplied by 65% ( 65 % ) ) 1|229|235|241|276|317|
|return|$ 3262|$ 2764|$ 2066|$ 1542|$ 1370|
|average debt2 5|$ 4416|$ 4727|$ 5077|$ 5932|$ 6612|
|average equity3 5|7661|7686|7590|7015|6170|
|average benefit plan adjustments3 4 5|3171|2006|1545|1296|1504|
|average invested capital|$ 15248|$ 14419|$ 14212|$ 14243|$ 14286|
|return on invested capital|21.4% ( 21.4 % )|19.2% ( 19.2 % )|14.5% ( 14.5 % )|10.8% ( 10.8 % )|9.6% ( 9.6 % )|
1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) . 2 debt consists of long-term debt , including current maturities of long-term debt , and short-term borrowings ( if any ) . 3 equity includes non-cash adjustments , primarily for unrecognized benefit plan actuarial losses and prior service costs in 2007 and 2006 , the adjustment for the adoption of fas 158 in 2006 , and the additional minimum pension liability in years prior to 2007 . 4 average benefit plan adjustments reflect the cumulative value of entries identified in our statement of stockholders equity under the captions 201cpostretirement benefit plans , 201d 201cadjustment for adoption of fas 158 201d and 201cminimum pension liability . 201d the total of annual benefit plan adjustments to equity were : 2007 = $ 1706 million ; 2006 = ( $ 1883 ) million ; 2005 = ( $ 105 ) million ; 2004 = ( $ 285 ) million ; 2003 = $ 331 million ; 2002 = ( $ 1537 million ) ; and 2001 = ( $ 33 million ) . as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the current year entry value . 5 yearly averages are calculated using balances at the start of the year and at the end of each quarter. .
Question: what was the difference in return on invested capital from 2006 to 2007?
Answer:
|
0.022
|
what was the difference in return on invested capital from 2006 to 2007?
|
{
"options": {
"A": "0.022",
"B": "0.019",
"C": "0.026",
"D": "0.014"
},
"goldenKey": "A"
}
|
{
"A": "0.022",
"B": "0.019",
"C": "0.026",
"D": "0.014"
}
|
A
|
finqa1969
|
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 common stock on the nyse for the years 2015 and 2014. .
|2015|high|low|
|quarter ended march 31|$ 101.88|$ 93.21|
|quarter ended june 30|98.64|91.99|
|quarter ended september 30|101.54|86.83|
|quarter ended december 31|104.12|87.23|
|2014|high|low|
|quarter ended march 31|$ 84.90|$ 78.38|
|quarter ended june 30|90.73|80.10|
|quarter ended september 30|99.90|89.05|
|quarter ended december 31|106.31|90.20|
on february 19 , 2016 , the closing price of our common stock was $ 87.32 per share as reported on the nyse . as of february 19 , 2016 , we had 423897556 outstanding shares of common stock and 159 registered holders . dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) . generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) . we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , issued in may 2014 ( the 201cseries a preferred stock 201d ) , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) . dividends are payable quarterly in arrears , subject to declaration by our board of directors . the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will be dependent upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant . we have distributed an aggregate of approximately $ 2.3 billion to our common stockholders , including the dividend paid in january 2016 , primarily subject to taxation as ordinary income . during the year ended december 31 , 2015 , we declared the following cash distributions: .
Question: what is the growth rate in the price of shares from the highest value during the quarter ended december 31 , 2015 and the closing price on february 19 , 2016?
Answer:
|
-0.16135
|
what is the growth rate in the price of shares from the highest value during the quarter ended december 31 , 2015 and the closing price on february 19 , 2016?
|
{
"options": {
"A": "-0.16135",
"B": "0.16135",
"C": "-0.03865",
"D": "0.03865"
},
"goldenKey": "A"
}
|
{
"A": "-0.16135",
"B": "0.16135",
"C": "-0.03865",
"D": "0.03865"
}
|
A
|
finqa1971
|
Please answer the given financial question based on the context.
Context: the following table reports the significant movements in our shareholders 2019 equity for the year ended december 31 , 2010. .
|( in millions of u.s . dollars )|2010|
|balance beginning of year|$ 19667|
|net income|3108|
|dividends declared on common shares|-443 ( 443 )|
|change in net unrealized appreciation ( depreciation ) on investments net of tax|742|
|repurchase of shares|-303 ( 303 )|
|other movements net of tax|203|
|balance end of year|$ 22974|
total shareholders 2019 equity increased $ 3.3 billion in 2010 , primarily due to net income of $ 3.1 billion and the change in net unrealized appreciation on investments of $ 742 million . short-term debt at december 31 , 2010 , in connection with the financing of the rain and hail acquisition , short-term debt includes reverse repurchase agreements totaling $ 1 billion . in addition , $ 300 million in borrowings against ace 2019s revolving credit facility were outstanding at december 31 , 2010 . at december 31 , 2009 , short-term debt consisted of a five-year term loan which we repaid in december 2010 . long-term debt our total long-term debt increased by $ 200 million during the year to $ 3.4 billion and is described in detail in note 9 to the consolidated financial statements , under item 8 . in november 2010 , ace ina issued $ 700 million of 2.6 percent senior notes due november 2015 . these senior unsecured notes are guaranteed on a senior basis by the company and they rank equally with all of the company 2019s other senior obligations . in april 2008 , as part of the financing of the combined insurance acquisition , ace ina entered into a $ 450 million float- ing interest rate syndicated term loan agreement due april 2013 . simultaneously , the company entered into a swap transaction that had the economic effect of fixing the interest rate for the term of the loan . in december 2010 , ace repaid this loan and exited the swap . in december 2008 , ace ina entered into a $ 66 million dual tranche floating interest rate term loan agreement . the first tranche , a $ 50 million three-year term loan due december 2011 , had a floating interest rate . simultaneously , the company entered into a swap transaction that had the economic effect of fixing the interest rate for the term of the loan . in december 2010 , ace repaid this loan and exited the swap . the second tranche , a $ 16 million nine-month term loan , was due and repaid in september 2009 . trust preferred securities the securities outstanding consist of $ 300 million of trust preferred securities due 2030 , issued by a special purpose entity ( a trust ) that is wholly owned by us . the sole assets of the special purpose entity are debt instruments issued by one or more of our subsidiaries . the special purpose entity looks to payments on the debt instruments to make payments on the preferred securities . we have guaranteed the payments on these debt instruments . the trustees of the trust include one or more of our officers and at least one independent trustee , such as a trust company . our officers serving as trustees of the trust do not receive any compensation or other remuneration for their services in such capacity . the full $ 309 million of outstanding trust preferred securities ( calculated as $ 300 million as discussed above plus our equity share of the trust ) is shown on our con- solidated balance sheet as a liability . additional information with respect to the trust preferred securities is contained in note 9 d ) to the consolidated financial statements , under item 8 . common shares our common shares had a par value of chf 30.57 each at december 31 , 2010 . at the annual general meeting held in may 2010 , the company 2019s shareholders approved a par value reduction in an aggregate swiss franc amount , pursuant to a formula , equal to $ 1.32 per share , which we refer to as the base annual divi- dend . the base annual dividend is payable in four installments , provided that each of the swiss franc installments will be .
Question: what is the net change in shareholders 2019 equity in 2010 ( in millions ) ?
Answer:
|
3307.0
|
what is the net change in shareholders 2019 equity in 2010 ( in millions ) ?
|
{
"options": {
"A": "3108",
"B": "443",
"C": "742",
"D": "3307"
},
"goldenKey": "D"
}
|
{
"A": "3108",
"B": "443",
"C": "742",
"D": "3307"
}
|
D
|
finqa1972
|
Please answer the given financial question based on the context.
Context: the amount available to us to pay cash dividends is restricted by our subsidiaries 2019 debt agreements . the indentures governing the senior subordinated notes and the senior discount notes also limit , but do not prohibit , the ability of bcp crystal , crystal llc and their respective subsidiaries to pay dividends . any decision to declare and pay dividends in the future will be made at the discretion of our board of directors and will depend on , among other things , our results of operations , cash requirements , financial condition , contractual restrictions and other factors that our board of directors may deem relevant . under the domination agreement , any minority shareholder of celanese ag who elects not to sell its shares to the purchaser will be entitled to remain a shareholder of celanese ag and to receive a gross guaranteed fixed annual payment on their shares of u3.27 per celanese share less certain corporate taxes to be paid by cag in lieu of any future dividend . see 2018 2018the transactions 2014 post-tender offer events 2014domination and profit and loss transfer agreement . 2019 2019 under delaware law , our board of directors may declare dividends only to the extent of our 2018 2018surplus 2019 2019 ( which is defined as total assets at fair market value minus total liabilities , minus statutory capital ) , or if there is no surplus , out of our net profits for the then current and/or immediately preceding fiscal years . the value of a corporation 2019s assets can be measured in a number of ways and may not necessarily equal their book value . the value of our capital may be adjusted from time to time by our board of directors but in no event will be less than the aggregate par value of our issued stock . our board of directors may base this determination on our financial statements , a fair valuation of our assets or another reasonable method . our board of directors will seek to assure itself that the statutory requirements will be met before actually declaring dividends . in future periods , our board of directors may seek opinions from outside valuation firms to the effect that our solvency or assets are sufficient to allow payment of dividends , and such opinions may not be forthcoming . if we sought and were not able to obtain such an opinion , we likely would not be able to pay dividends . in addition , pursuant to the terms of our preferred stock , we are prohibited from paying a dividend on our series a common stock unless all payments due and payable under the preferred stock have been made . celanese purchases of its equity securities period number of shares ( or units ) purchased ( 1 ) average price paid per share ( or unit ) total number of shares ( or units ) purchased as part of publicly announced plans or programs maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs october 1 2013 october 31 , 2005 2014 2014 2014 2014 november 1 2013 november 30 , 2005 2014 2014 2014 2014 december 1 2013 december 31 , 2005 10000 $ 18.705 10000 2014 .
|period|totalnumber ofshares ( or units ) purchased ( 1 )|averageprice paidper share ( orunit )|total number ofshares ( or units ) purchased aspart ofpublicly announcedplans or programs|maximumnumber ( or approximate dollar value ) of shares ( or units ) thatmayyet be purchased under theplans orprograms|
|october 1 2013 october 312005|2014|2014|2014|2014|
|november1 2013 november 302005|2014|2014|2014|2014|
|december1 2013 december 31 2005|10000|$ 18.705|10000|2014|
|total|10000|$ 18.705|10000|2014|
( 1 ) 10000 shares of series a common stock were purchased on the open market in december 2005 at $ 18.705 per share , approved by the board of directors pursuant to the provisions of the 2004 stock incentive plan , approved by shareholders in december 2004 , to be granted to two employees in recognition of their contributions to the company . no other purchases are currently planned . equity compensation plans the information required to be included in this item 5 with respect to our equity compensation plans is incorporated by reference from the section captioned 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 in the company 2019s definitive proxy statement for the 2006 annual meeting of stockholders . recent sales of unregistered securities .
Question: what is the total amount spent for the purchased shares during december 2005?
Answer:
|
187050.0
|
what is the total amount spent for the purchased shares during december 2005?
|
{
"options": {
"A": "10000",
"B": "1870.5",
"C": "18705",
"D": "187050"
},
"goldenKey": "D"
}
|
{
"A": "10000",
"B": "1870.5",
"C": "18705",
"D": "187050"
}
|
D
|
finqa1973
|
Please answer the given financial question based on the context.
Context: there were no changes in the company 2019s valuation techniques used to measure fair values on a recurring basis as a result of adopting asc 820 . pca had no assets or liabilities that were measured on a nonrecurring basis . 11 . stockholders 2019 equity on october 17 , 2007 , pca announced that its board of directors authorized a $ 150.0 million common stock repurchase program . there is no expiration date for the common stock repurchase program . through december 31 , 2008 , the company repurchased 3818729 shares of common stock , with 3142600 shares repurchased during 2008 and 676129 shares repurchased during 2007 . all repurchased shares were retired prior to december 31 , 2008 . there were no shares repurchased in 2009 . as of december 31 , 2009 , $ 65.0 million of the $ 150.0 million authorization remained available for repurchase of the company 2019s common stock . 12 . commitments and contingencies capital commitments the company had authorized capital commitments of approximately $ 41.7 million and $ 43.0 million as of december 31 , 2009 and 2008 , respectively , in connection with the expansion and replacement of existing facilities and equipment . in addition , commitments at december 31 , 2009 for the major energy optimization projects at its counce and valdosta mills totaled $ 156.3 million . lease obligations pca leases space for certain of its facilities and cutting rights to approximately 91000 acres of timberland under long-term leases . the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases with a duration of two to seven years . the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows: .
||( in thousands )|
|2010|$ 28162|
|2011|25181|
|2012|17338|
|2013|11557|
|2014|7742|
|thereafter|18072|
|total|$ 108052|
total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2009 , 2008 and 2007 was $ 41.3 million , $ 41.6 million and $ 39.8 million , respectively . these costs are included in cost of goods sold and selling and administrative expenses . pca was obligated under capital leases covering buildings and machinery and equipment in the amount of $ 23.1 million and $ 23.7 million at december 31 , 2009 and 2008 , respectively . during the fourth quarter of 2008 , the company entered into a capital lease relating to buildings and machinery , totaling $ 23.9 million , payable over 20 years . this capital lease amount is a non-cash transaction and , accordingly , has been excluded packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2009 .
Question: capital leases covering buildings and machinery and equipment in millions totaled what for 2009 and 2008?
Answer:
|
46.8
|
capital leases covering buildings and machinery and equipment in millions totaled what for 2009 and 2008?
|
{
"options": {
"A": "23.1",
"B": "23.7",
"C": "46.8",
"D": "20"
},
"goldenKey": "C"
}
|
{
"A": "23.1",
"B": "23.7",
"C": "46.8",
"D": "20"
}
|
C
|
finqa1974
|
Please answer the given financial question based on the context.
Context: page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 . acquisitions latapack-ball embalagens ltda . ( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a . this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market . as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture . latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment . in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting . the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date . the valuation was based on market and income approaches. .
|cash|$ 69.3|
|current assets|84.7|
|property plant and equipment|265.9|
|goodwill|100.2|
|intangible asset|52.8|
|current liabilities|-53.2 ( 53.2 )|
|long-term liabilities|-174.1 ( 174.1 )|
|net assets acquired|$ 345.6|
|noncontrolling interests|$ -132.9 ( 132.9 )|
noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years . the intangible asset is being amortized on a straight-line basis . neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash . neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions . neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people . the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date . guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc . ball has owned 35 percent of the joint venture plant since 1992 . ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates . the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting . the purchase accounting was completed during the third quarter of 2010 . the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage of net assets acquired was goodwill?
Answer:
|
0.28993
|
what percentage of net assets acquired was goodwill?
|
{
"options": {
"A": "0.28993%",
"B": "0.028993%",
"C": "2.8993%",
"D": "28.993%"
},
"goldenKey": "A"
}
|
{
"A": "0.28993%",
"B": "0.028993%",
"C": "2.8993%",
"D": "28.993%"
}
|
A
|
finqa1975
|
Please answer the given financial question based on the context.
Context: an institution rated single-a by the credit rating agencies . given the illiquid nature of many of these types of investments , it can be a challenge to determine their fair values . see note 7 fair value in the notes to consolidated financial statements in item 8 of this report for additional information . various pnc business units manage our equity and other investment activities . our businesses are responsible for making investment decisions within the approved policy limits and associated guidelines . a summary of our equity investments follows : table 48 : equity investments summary in millions december 31 december 31 .
|in millions|december 312015|december 312014|
|blackrock|$ 6626|$ 6265|
|tax credit investments|2254|2616|
|private equity|1441|1615|
|visa|31|77|
|other|235|155|
|total|$ 10587|$ 10728|
blackrock pnc owned approximately 35 million common stock equivalent shares of blackrock equity at december 31 , 2015 , accounted for under the equity method . the primary risk measurement , similar to other equity investments , is economic capital . the business segments review section of this item 7 includes additional information about blackrock . tax credit investments included in our equity investments are direct tax credit investments and equity investments held by consolidated partnerships which totaled $ 2.3 billion at december 31 , 2015 and $ 2.6 billion at december 31 , 2014 . these equity investment balances include unfunded commitments totaling $ 669 million and $ 717 million at december 31 , 2015 and december 31 , 2014 , respectively . these unfunded commitments are included in other liabilities on our consolidated balance sheet . note 2 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements in item 8 of this report has further information on tax credit investments . private equity the private equity portfolio is an illiquid portfolio comprised of mezzanine and equity investments that vary by industry , stage and type of investment . private equity investments carried at estimated fair value totaled $ 1.4 billion at december 31 , 2015 and $ 1.6 billion at december 31 , 2014 . as of december 31 , 2015 , $ 1.1 billion was invested directly in a variety of companies and $ .3 billion was invested indirectly through various private equity funds . included in direct investments are investment activities of two private equity funds that are consolidated for financial reporting purposes . the noncontrolling interests of these funds totaled $ 170 million as of december 31 , 2015 . the interests held in indirect private equity funds are not redeemable , but pnc may receive distributions over the life of the partnership from liquidation of the underlying investments . see item 1 business 2013 supervision and regulation and item 1a risk factors of this report for discussion of the potential impacts of the volcker rule provisions of dodd-frank on our interests in and of private funds covered by the volcker rule . in 2015 , pnc invested with six other banks in early warning services ( ews ) , a provider of fraud prevention and risk management solutions . ews then acquired clearxchange , a network through which customers send and receive person-to- person payments . integrating these businesses will enable us to , among other things , create a secure , real-time payments network . our unfunded commitments related to private equity totaled $ 126 million at december 31 , 2015 compared with $ 140 million at december 31 , 2014 . see note 7 fair value , note 20 legal proceedings and note 21 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information regarding the october 2007 visa restructuring , our involvement with judgment and loss sharing agreements with visa and certain other banks , the status of pending interchange litigation , the sales of portions of our visa class b common shares and the related swap agreements with the purchasers . during 2015 , we sold 2.0 million visa class b common shares , in addition to the 16.5 million shares sold in previous years . we have entered into swap agreements with the purchasers of the shares as part of these sales . see note 7 fair value in the notes to consolidated financial statements in item 8 of this report for additional information . at december 31 , 2015 , our investment in visa class b common shares totaled approximately 4.9 million shares and had a carrying value of $ 31 million . based on the december 31 , 2015 closing price of $ 77.55 for the visa class a common shares , the fair value of our total investment was approximately $ 622 million at the current conversion rate . the visa class b common shares that we own are transferable only under limited circumstances until they can be converted into shares of the publicly traded class of stock , which cannot happen until the settlement of all of the specified litigation . 90 the pnc financial services group , inc . 2013 form 10-k .
Question: what was the change in private equity investments carried at estimated fair value between december 31 , 2015 and december 31 , 2014 , in billions?
Answer:
|
0.2
|
what was the change in private equity investments carried at estimated fair value between december 31 , 2015 and december 31 , 2014 , in billions?
|
{
"options": {
"A": "0.1",
"B": "0.2",
"C": "0.3",
"D": "0.4"
},
"goldenKey": "B"
}
|
{
"A": "0.1",
"B": "0.2",
"C": "0.3",
"D": "0.4"
}
|
B
|
finqa1976
|
Please answer the given financial question based on the context.
Context: transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2013 to december 31 , 2013 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
||total number ofshares ( or units ) purchased1|average price paidper share ( or unit ) 2|total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3|maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3|
|october 1 - 31|3351759|$ 16.63|3350692|$ 263702132|
|november 1 - 30|5202219|$ 17.00|5202219|$ 175284073|
|december 1 - 31|3323728|$ 17.07|3323728|$ 118560581|
|total|11877706|$ 16.91|11876639||
1 includes shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased 1067 withheld shares in october 2013 . no withheld shares were purchased in november or december of 2013 . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 6 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program . 3 in february 2013 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2013 share repurchase program 201d ) . in march 2013 , the board authorized an increase in the amount available under our 2013 share repurchase program up to $ 500.0 million , excluding fees , of our common stock . on february 14 , 2014 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock . the new authorization is in addition to any amounts remaining available for repurchase under the 2013 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: about how many more shares will the company still buy back in their repurchase plan if they paid $ 16.91 a share?
Answer:
|
7011270.31342
|
about how many more shares will the company still buy back in their repurchase plan if they paid $ 16.91 a share?
|
{
"options": {
"A": "7011270.31342",
"B": "11877706",
"C": "3351759",
"D": "3323728"
},
"goldenKey": "A"
}
|
{
"A": "7011270.31342",
"B": "11877706",
"C": "3351759",
"D": "3323728"
}
|
A
|
finqa1977
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis j.p . morgan chase & co . 26 j.p . morgan chase & co . / 2003 annual report $ 41.7 billion . nii was reduced by a lower volume of commercial loans and lower spreads on investment securities . as a compo- nent of nii , trading-related net interest income of $ 2.1 billion was up 13% ( 13 % ) from 2002 due to a change in the composition of , and growth in , trading assets . the firm 2019s total average interest-earning assets in 2003 were $ 590 billion , up 6% ( 6 % ) from the prior year . the net interest yield on these assets , on a fully taxable-equivalent basis , was 2.10% ( 2.10 % ) , compared with 2.09% ( 2.09 % ) in the prior year . noninterest expense year ended december 31 .
|( in millions )|2003|2002|change|
|compensation expense|$ 11695|$ 10983|6% ( 6 % )|
|occupancy expense|1912|1606|19|
|technology and communications expense|2844|2554|11|
|other expense|5137|5111|1|
|surety settlement and litigation reserve|100|1300|-92 ( 92 )|
|merger and restructuring costs|2014|1210|nm|
|total noninterest expense|$ 21688|$ 22764|( 5 ) % ( % )|
technology and communications expense in 2003 , technology and communications expense was 11% ( 11 % ) above the prior-year level . the increase was primarily due to a shift in expenses : costs that were previously associated with compensation and other expenses shifted , upon the commence- ment of the ibm outsourcing agreement , to technology and communications expense . also contributing to the increase were higher costs related to software amortization . for a further dis- cussion of the ibm outsourcing agreement , see support units and corporate on page 44 of this annual report . other expense other expense in 2003 rose slightly from the prior year , reflecting higher outside services . for a table showing the components of other expense , see note 8 on page 96 of this annual report . surety settlement and litigation reserve the firm added $ 100 million to the enron-related litigation reserve in 2003 to supplement a $ 900 million reserve initially recorded in 2002 . the 2002 reserve was established to cover enron-related matters , as well as certain other material litigation , proceedings and investigations in which the firm is involved . in addition , in 2002 the firm recorded a charge of $ 400 million for the settlement of enron-related surety litigation . merger and restructuring costs merger and restructuring costs related to business restructurings announced after january 1 , 2002 , were recorded in their relevant expense categories . in 2002 , merger and restructuring costs of $ 1.2 billion , for programs announced prior to january 1 , 2002 , were viewed by management as nonoperating expenses or 201cspecial items . 201d refer to note 8 on pages 95 201396 of this annual report for a further discussion of merger and restructuring costs and for a summary , by expense category and business segment , of costs incurred in 2003 and 2002 for programs announced after january 1 , 2002 . provision for credit losses the 2003 provision for credit losses was $ 2.8 billion lower than in 2002 , primarily reflecting continued improvement in the quality of the commercial loan portfolio and a higher volume of credit card securitizations . for further information about the provision for credit losses and the firm 2019s management of credit risk , see the dis- cussions of net charge-offs associated with the commercial and consumer loan portfolios and the allowance for credit losses , on pages 63 201365 of this annual report . income tax expense income tax expense was $ 3.3 billion in 2003 , compared with $ 856 million in 2002 . the effective tax rate in 2003 was 33% ( 33 % ) , compared with 34% ( 34 % ) in 2002 . the tax rate decline was principally attributable to changes in the proportion of income subject to state and local taxes . compensation expense compensation expense in 2003 was 6% ( 6 % ) higher than in the prior year . the increase principally reflected higher performance-related incentives , and higher pension and other postretirement benefit costs , primarily as a result of changes in actuarial assumptions . for a detailed discussion of pension and other postretirement benefit costs , see note 6 on pages 89 201393 of this annual report . the increase pertaining to incentives included $ 266 million as a result of adopting sfas 123 , and $ 120 million from the reversal in 2002 of previously accrued expenses for certain forfeitable key employ- ee stock awards , as discussed in note 7 on pages 93 201395 of this annual report . total compensation expense declined as a result of the transfer , beginning april 1 , 2003 , of 2800 employees to ibm in connection with a technology outsourcing agreement . the total number of full-time equivalent employees at december 31 , 2003 was 93453 compared with 94335 at the prior year-end . occupancy expense occupancy expense of $ 1.9 billion rose 19% ( 19 % ) from 2002 . the increase reflected costs of additional leased space in midtown manhattan and in the south and southwest regions of the united states ; higher real estate taxes in new york city ; and the cost of enhanced safety measures . also contributing to the increase were charges for unoccupied excess real estate of $ 270 million ; this compared with $ 120 million in 2002 , mostly in the third quarter of that year. .
Question: what is the average compensation expense per employee in 2003?
Answer:
|
125143.12007
|
what is the average compensation expense per employee in 2003?
|
{
"options": {
"A": "11695",
"B": "10983",
"C": "125143.12007",
"D": "93453"
},
"goldenKey": "C"
}
|
{
"A": "11695",
"B": "10983",
"C": "125143.12007",
"D": "93453"
}
|
C
|
finqa1978
|
Please answer the given financial question based on the context.
Context: entergy louisiana , llc management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
||amount ( in millions )|
|2006 net revenue|$ 942.1|
|base revenues|78.4|
|volume/weather|37.5|
|transmission revenue|9.2|
|purchased power capacity|-80.0 ( 80.0 )|
|other|3.9|
|2007 net revenue|$ 991.1|
the base revenues variance is primarily due to increases effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing capacity costs . see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing . the volume/weather variance is due to increased electricity usage , including electricity sales during the unbilled service period . billed retail electricity usage increased a total of 666 gwh in all sectors compared to 2006 . see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues . the transmission revenue variance is primarily due to higher rates . the purchased power capacity variance is primarily due to higher purchased power capacity charges and the amortization of capacity charges effective september 2006 as a result of the formula rate plan filing in may 2006 . a portion of the purchased power capacity costs is offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges , as mentioned above . see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing . gross operating revenues , fuel , purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to : an increase of $ 143.1 million in fuel cost recovery revenues due to higher fuel rates and usage ; an increase of $ 78.4 million in base revenues , as discussed above ; and an increase of $ 37.5 million related to volume/weather , as discussed above . fuel and purchased power expenses increased primarily due to an increase in net area demand and an increase in deferred fuel expense as a result of higher fuel rates , as discussed above . other regulatory credits decreased primarily due to the deferral of capacity charges in 2006 in addition to the amortization of these capacity charges in 2007 as a result of the may 2006 formula rate plan filing ( for the 2005 test year ) with the lpsc to recover such costs through base rates effective september 2006 . see note 2 to the financial statements for a discussion of the formula rate plan and storm cost recovery filings with the lpsc. .
Question: what is the growth rate in net revenue in 2007?
Answer:
|
0.05201
|
what is the growth rate in net revenue in 2007?
|
{
"options": {
"A": "0.0375",
"B": "0.05201",
"C": "0.0784",
"D": "0.1431"
},
"goldenKey": "B"
}
|
{
"A": "0.0375",
"B": "0.05201",
"C": "0.0784",
"D": "0.1431"
}
|
B
|
finqa1979
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 75.0 million and network location intangibles of approximately $ 72.7 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . on september 12 , 2012 , the company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from telef f3nica mexico . on september 27 , 2012 and december 14 , 2012 , the company completed the purchase of 279 and 2 communications sites , for an aggregate purchase price of $ 63.5 million ( including value added tax of $ 8.8 million ) . the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation .
||preliminary purchase price allocation|
|current assets|$ 8763|
|non-current assets|2332|
|property and equipment|26711|
|intangible assets ( 1 )|21079|
|other non-current liabilities|-1349 ( 1349 )|
|fair value of net assets acquired|$ 57536|
|goodwill ( 2 )|5998|
( 1 ) consists of customer-related intangibles of approximately $ 10.7 million and network location intangibles of approximately $ 10.4 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . on november 16 , 2012 , the company entered into an agreement to purchase up to 198 additional communications sites from telef f3nica mexico . on december 14 , 2012 , the company completed the purchase of 188 communications sites , for an aggregate purchase price of $ 64.2 million ( including value added tax of $ 8.9 million ) . .
Question: what was the ratio of the customer-related intangibles to the network location intangibles included in the financial statements of american tower corporation and subsidiaries
Answer:
|
1.03164
|
what was the ratio of the customer-related intangibles to the network location intangibles included in the financial statements of american tower corporation and subsidiaries
|
{
"options": {
"A": "1.03164",
"B": "0.969",
"C": "1.075",
"D": "0.931"
},
"goldenKey": "A"
}
|
{
"A": "1.03164",
"B": "0.969",
"C": "1.075",
"D": "0.931"
}
|
A
|
finqa1980
|
Please answer the given financial question based on the context.
Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 ( 1 ) weighted average interest rate at december 31 , 2011 . ( 2 ) the company has interest rate swaps and interest rate option agreements in an aggregate notional principal amount of approximately $ 3.6 billion on non-recourse debt outstanding at december 31 , 2011 . the swap agreements economically change the variable interest rates on the portion of the debt covered by the notional amounts to fixed rates ranging from approximately 1.44% ( 1.44 % ) to 6.98% ( 6.98 % ) . the option agreements fix interest rates within a range from 1.00% ( 1.00 % ) to 7.00% ( 7.00 % ) . the agreements expire at various dates from 2016 through 2028 . ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions . ( 4 ) non-recourse debt of $ 704 million and $ 945 million as of december 31 , 2011 and 2010 , respectively , was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets . non-recourse debt as of december 31 , 2011 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) .
|december 31,|annual maturities ( in millions )|
|2012|$ 2152|
|2013|1389|
|2014|1697|
|2015|851|
|2016|2301|
|thereafter|7698|
|total non-recourse debt|$ 16088|
as of december 31 , 2011 , aes subsidiaries with facilities under construction had a total of approximately $ 1.4 billion of committed but unused credit facilities available to fund construction and other related costs . excluding these facilities under construction , aes subsidiaries had approximately $ 1.2 billion in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs . these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses . the weighted average interest rate on borrowings from these facilities was 14.75% ( 14.75 % ) at december 31 , 2011 . on october 3 , 2011 , dolphin subsidiary ii , inc . ( 201cdolphin ii 201d ) , a newly formed , wholly-owned special purpose indirect subsidiary of aes , entered into an indenture ( the 201cindenture 201d ) with wells fargo bank , n.a . ( the 201ctrustee 201d ) as part of its issuance of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 ( the 201c2016 notes 201d ) and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( the 201c7.25% ( 201c7.25 % ) 2021 notes 201d , together with the 2016 notes , the 201cnotes 201d ) to finance the acquisition ( the 201cacquisition 201d ) of dpl . upon closing of the acquisition on november 28 , 2011 , dolphin ii was merged into dpl with dpl being the surviving entity and obligor . the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes are included under 201cnotes and bonds 201d in the non-recourse detail table above . see note 23 2014acquisitions and dispositions for further information . interest on the 2016 notes and the 7.25% ( 7.25 % ) 2021 notes accrues at a rate of 6.50% ( 6.50 % ) and 7.25% ( 7.25 % ) per year , respectively , and is payable on april 15 and october 15 of each year , beginning april 15 , 2012 . prior to september 15 , 2016 with respect to the 2016 notes and july 15 , 2021 with respect to the 7.25% ( 7.25 % ) 2021 notes , dpl may redeem some or all of the 2016 notes or 7.25% ( 7.25 % ) 2021 notes at par , plus a 201cmake-whole 201d amount set forth in .
Question: what percentage of lt debt is due in greater than 5 years?\\n
Answer:
|
0.47849
|
what percentage of lt debt is due in greater than 5 years?\\n
|
{
"options": {
"A": "0.2152",
"B": "0.1389",
"C": "0.1697",
"D": "0.47849"
},
"goldenKey": "D"
}
|
{
"A": "0.2152",
"B": "0.1389",
"C": "0.1697",
"D": "0.47849"
}
|
D
|
finqa1981
|
Please answer the given financial question based on the context.
Context: item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2017|$ 1472.6|
|2016|301.2|
|2015|53.8|
|2014|56.3|
|2013|194.0|
our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what was the average pre-tax catastrophe losses from 2013 to 2017
Answer:
|
1041.45
|
what was the average pre-tax catastrophe losses from 2013 to 2017
|
{
"options": {
"A": "1472.6",
"B": "301.2",
"C": "53.8",
"D": "1041.45"
},
"goldenKey": "D"
}
|
{
"A": "1472.6",
"B": "301.2",
"C": "53.8",
"D": "1041.45"
}
|
D
|
finqa1982
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis we believe our credit ratings are primarily based on the credit rating agencies 2019 assessment of : 2030 our liquidity , market , credit and operational risk management practices ; 2030 the level and variability of our earnings ; 2030 our capital base ; 2030 our franchise , reputation and management ; 2030 our corporate governance ; and 2030 the external operating environment , including the assumed level of government support . certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings . we assess the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies . a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies . we allocate a portion of our gce to ensure we would be able to make the additional collateral or termination payments that may be required in the event of a two-notch reduction in our long-term credit ratings , as well as collateral that has not been called by counterparties , but is available to them . the table below presents the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in our credit ratings. .
|in millions|as of december 2012|as of december 2011|
|additional collateral or termination payments for a one-notch downgrade|$ 1534|$ 1303|
|additional collateral or termination payments for a two-notch downgrade|2500|2183|
in millions 2012 2011 additional collateral or termination payments for a one-notch downgrade $ 1534 $ 1303 additional collateral or termination payments for a two-notch downgrade 2500 2183 cash flows as a global financial institution , our cash flows are complex and bear little relation to our net earnings and net assets . consequently , we believe that traditional cash flow analysis is less meaningful in evaluating our liquidity position than the excess liquidity and asset-liability management policies described above . cash flow analysis may , however , be helpful in highlighting certain macro trends and strategic initiatives in our businesses . year ended december 2012 . our cash and cash equivalents increased by $ 16.66 billion to $ 72.67 billion at the end of 2012 . we generated $ 9.14 billion in net cash from operating and investing activities . we generated $ 7.52 billion in net cash from financing activities from an increase in bank deposits , partially offset by net repayments of unsecured and secured long-term borrowings . year ended december 2011 . our cash and cash equivalents increased by $ 16.22 billion to $ 56.01 billion at the end of 2011 . we generated $ 23.13 billion in net cash from operating and investing activities . we used net cash of $ 6.91 billion for financing activities , primarily for repurchases of our series g preferred stock and common stock , partially offset by an increase in bank deposits . year ended december 2010 . our cash and cash equivalents increased by $ 1.50 billion to $ 39.79 billion at the end of 2010 . we generated $ 7.84 billion in net cash from financing activities primarily from net proceeds from issuances of short-term secured financings . we used net cash of $ 6.34 billion for operating and investing activities , primarily to fund an increase in securities purchased under agreements to resell and an increase in cash and securities segregated for regulatory and other purposes , partially offset by cash generated from a decrease in securities borrowed . goldman sachs 2012 annual report 87 .
Question: what is the percentage of additional collateral or termination payments for a two-notch downgrade over additional collateral or termination payments for a one-notch downgrade for 2012?
Answer:
|
0.62973
|
what is the percentage of additional collateral or termination payments for a two-notch downgrade over additional collateral or termination payments for a one-notch downgrade for 2012?
|
{
"options": {
"A": "0.62973",
"B": "0.712",
"C": "0.815",
"D": "0.924"
},
"goldenKey": "A"
}
|
{
"A": "0.62973",
"B": "0.712",
"C": "0.815",
"D": "0.924"
}
|
A
|
finqa1983
|
Please answer the given financial question based on the context.
Context: wrote-off debt issuance costs of $ 4 million , which resulted in an extraordinary loss for the early retirement of debt . net income net income decreased $ 522 million to $ 273 million in 2001 from $ 795 million in 2000 . the overall decrease in net income is due to decreased net income from competitive supply and large utility businesses offset slightly by increases in the contract generation and growth distribution businesses . the decreases are primarily due to lower market prices in the united kingdom and the decline in the brazilian real during 2001 resulting in foreign currency transaction losses of approximately $ 210 million . additionally the company recorded severance and transaction costs related to the ipalco pooling-of-interest transaction and a loss from discontinued operations of $ 194 million . our 10 largest contributors to net income in 2001 were as follows : lal pir/pak gen , shady point and thames from contract generation ; somerset from competitive supply ; edc , eletropaulo , ipalco , cilcorp and cemig from large utilities ; and sul from growth distribution . 2000 compared to 1999 revenues revenues increased $ 3.4 billion , or 83% ( 83 % ) , to $ 7.5 billion in 2000 from $ 4.1 billion in 1999 . the increase in revenues is due primarily to the acquisition of new businesses . excluding businesses acquired or that commenced commercial operations during 2000 or 1999 , revenues increased 6% ( 6 % ) to $ 3.6 billion. .
||2000|1999|% ( % ) change|
|contract generation|$ 1.7 billion|$ 1.3 billion|31% ( 31 % )|
|competitive supply|$ 2.4 billion|$ 873 million|175% ( 175 % )|
|large utilities|$ 2.1 billion|$ 992 million|112% ( 112 % )|
|growth distribution|$ 1.3 billion|$ 948 million|37% ( 37 % )|
contract generation revenues increased $ 400 million , or 31% ( 31 % ) , to $ 1.7 billion in 2000 from $ 1.3 billion in 1999 . excluding businesses acquired or that commenced commercial operations in 2000 or 1999 , contract generation revenues increased 4% ( 4 % ) to $ 1.3 billion in 2000 . the increase in contract generation segment revenues was due primarily to increases in south america , north america , caribbean and asia , offset by a slight decline in europe/africa . in south america , contract generation segment revenue increased $ 245 million , and this is due mainly to the acquisition of tiete . in north america , contract generation segment revenues increased $ 76 million due primarily to the start of commercial operations at warrior run in january 2000 . in the caribbean , contract generation segment revenues increased $ 92 million due primarily to the start of commercial operations at merida iii in june 2000 and increased revenues from los mina . in asia , contract generation segment revenue increased $ 41 million due primarily to increased operations at the ecogen peaking plant and lal pir and pak gen in pakistan . in europe/africa , contract generation segment revenues remained fairly constant with decreases at tisza ii in hungary being offset by the acquisition of a controlling interest at kilroot . competitive supply revenues increased $ 1.5 billion , or 175% ( 175 % ) , to $ 2.4 billion in 2000 from $ 873 million in 1999 . excluding businesses acquired or that commenced commercial operations in 2000 or 1999 , competitive supply revenues increased 25% ( 25 % ) to $ 477 million in 2000 . the most significant increases occurred within north america and europe/africa . slight increases occurred in south america and the caribbean . asia reported a slight decrease . in north america , competitive supply segment revenues increased $ 610 million due primarily to the new york plants and new energy .
Question: without the new york plants and new energy changes , what would 2000 competitive supply segment revenues have been in billions?
Answer:
|
1.79
|
without the new york plants and new energy changes , what would 2000 competitive supply segment revenues have been in billions?
|
{
"options": {
"A": "1.79",
"B": "2.4",
"C": "0.477",
"D": "0.873"
},
"goldenKey": "A"
}
|
{
"A": "1.79",
"B": "2.4",
"C": "0.477",
"D": "0.873"
}
|
A
|
finqa1984
|
Please answer the given financial question based on the context.
Context: part ii item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities information on the market for our common stock , number of shareowners and dividends is located in note 15 within notes to consolidated financial statements . in december 2012 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 300 million during 2013 . on april 26 , 2013 , the board of directors approved an authorization to repurchase up to $ 1 billion in shares through april 2014 . in february 2014 , the board of directors approved a new authorization to repurchase up to $ 1.5 billion in shares through december 2015 . this authorization supersedes the april 2013 authorization and is intended to allow us to repurchase shares for general corporate purposes and to offset issuances for employee benefit programs . during 2013 , the company repurchased approximately 9 million shares for a total of $ 544 million . the following table provides information with respect to purchases of common shares under programs authorized by our board of directors during the quarter ended december 28 , 2013 . ( millions , except per share data ) period number shares purchased average paid per number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs month #1 : 9/29/13-10/26/13 2014 2014 2014 $ 456 month #2 : 10/27/13-11/23/13 2014 2014 2014 $ 456 month #3 : 11/24/13-12/28/13 2014 2014 2014 $ 456 .
|period|( a ) total number of shares purchased|( b ) average price paid per share|( c ) total number of shares purchased as part of publicly announced plansor programs|( d ) approximate dollar value of shares that may yet be purchased under the plansor programs|
|month #1 : 9/29/13-10/26/13|2014|2014|2014|$ 456|
|month #2 : 10/27/13-11/23/13|2014|2014|2014|$ 456|
|month #3 : 11/24/13-12/28/13|2014|2014|2014|$ 456|
part ii item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities information on the market for our common stock , number of shareowners and dividends is located in note 15 within notes to consolidated financial statements . in december 2012 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 300 million during 2013 . on april 26 , 2013 , the board of directors approved an authorization to repurchase up to $ 1 billion in shares through april 2014 . in february 2014 , the board of directors approved a new authorization to repurchase up to $ 1.5 billion in shares through december 2015 . this authorization supersedes the april 2013 authorization and is intended to allow us to repurchase shares for general corporate purposes and to offset issuances for employee benefit programs . during 2013 , the company repurchased approximately 9 million shares for a total of $ 544 million . the following table provides information with respect to purchases of common shares under programs authorized by our board of directors during the quarter ended december 28 , 2013 . ( millions , except per share data ) period number shares purchased average paid per number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs month #1 : 9/29/13-10/26/13 2014 2014 2014 $ 456 month #2 : 10/27/13-11/23/13 2014 2014 2014 $ 456 month #3 : 11/24/13-12/28/13 2014 2014 2014 $ 456 .
Question: what was the average share price in 2013? ( $ )
Answer:
|
60.44444
|
what was the average share price in 2013? ( $ )
|
{
"options": {
"A": "2014",
"B": "2013",
"C": "2015",
"D": "60.44444"
},
"goldenKey": "D"
}
|
{
"A": "2014",
"B": "2013",
"C": "2015",
"D": "60.44444"
}
|
D
|
finqa1985
|
Please answer the given financial question based on the context.
Context: notes receivable in 2014 , we entered into a $ 3.0 million promissory note with a privately held company which was recorded at cost . the interest rate on the promissory note is 8.0% ( 8.0 % ) per annum and is payable quarterly . all unpaid principal and accrued interest on the promissory note is due and payable on the earlier of august 26 , 2017 , or upon default . 5 . commitments and contingencies operating leases we lease various operating spaces in north america , europe , asia and australia under non-cancelable operating lease arrangements that expire on various dates through 2024 . these arrangements require us to pay certain operating expenses , such as taxes , repairs , and insurance and contain renewal and escalation clauses . we recognize rent expense under these arrangements on a straight-line basis over the term of the lease . as of december 31 , 2015 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 .
|2016|$ 6306|
|2017|6678|
|2018|6260|
|2019|5809|
|2020|5580|
|thereafter|21450|
|total minimum future lease payments|$ 52083|
rent expense for all operating leases amounted to $ 6.7 million , $ 3.3 million and $ 3.6 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . financing obligation 2014build-to-suit lease in august 2012 , we executed a lease for a building then under construction in santa clara , california to serve as our headquarters . the lease term is 120 months and commenced in august 2013 . based on the terms of the lease agreement and due to our involvement in certain aspects of the construction such as our financial involvement in structural elements of asset construction , making decisions related to tenant improvement costs and purchasing insurance not reimbursable by the buyer-lessor ( the landlord ) , we were deemed the owner of the building ( for accounting purposes only ) during the construction period . we continue to maintain involvement in the property post construction completion and lack transferability of the risks and rewards of ownership , due to our required maintenance of a $ 4.0 million letter of credit , in addition to our ability and option to sublease our portion of the leased building for fees substantially higher than our base rate . due to our continued involvement in the property and lack of transferability of related risks and rewards of ownership to the landlord post construction , we account for the building and related improvements as a lease financing obligation . accordingly , as of december 31 , 2015 and 2014 , we have recorded assets of $ 53.4 million , representing the total costs of the building and improvements incurred , including the costs paid by the lessor ( the legal owner of the building ) and additional improvement costs paid by us , and a corresponding financing obligation of $ 42.5 million and $ 43.6 million , respectively . as of december 31 , 2015 , $ 1.3 million and $ 41.2 million were recorded as short-term and long-term financing obligations , respectively . land lease expense under our lease financing obligation included in rent expense above , amounted to $ 1.3 million and $ 1.2 million for the years ended december 31 , 2015 and 2014 , respectively . there was no land lease expense for the year ended december 31 , 2013. .
Question: what is the expected growth rate in the rent expense for operating leases in 2016?
Answer:
|
-0.05881
|
what is the expected growth rate in the rent expense for operating leases in 2016?
|
{
"options": {
"A": "-0.05881",
"B": "0.05881",
"C": "0.067",
"D": "-0.067"
},
"goldenKey": "A"
}
|
{
"A": "-0.05881",
"B": "0.05881",
"C": "0.067",
"D": "-0.067"
}
|
A
|
finqa1989
|
Please answer the given financial question based on the context.
Context: table of contents our certificate of incorporation and bylaws include anti-takeover provisions that may make it difficult for another company to acquire control of us or limit the price investors might be willing to pay for our stock . certain provisions of our certificate of incorporation and bylaws could delay the removal of incumbent directors and could make it more difficult to successfully complete a merger , tender offer , or proxy contest involving us . our certificate of incorporation has provisions that give our board the ability to issue preferred stock and determine the rights and designations of the preferred stock at any time without stockholder approval . the rights of the holders of our common stock will be subject to , and may be adversely affected by , the rights of the holders of any preferred stock that may be issued in the future . the issuance of preferred stock , while providing flexibility in connection with possible acquisitions and other corporate purposes , could have the effect of making it more difficult for a third party to acquire , or of discouraging a third party from acquiring , a majority of our outstanding voting stock . in addition , the staggered terms of our board of directors could have the effect of delaying or deferring a change in control . in addition , certain provisions of the delaware general corporation law ( dgcl ) , including section 203 of the dgcl , may have the effect of delaying or preventing changes in the control or management of illumina . section 203 of the dgcl provides , with certain exceptions , for waiting periods applicable to business combinations with stockholders owning at least 15% ( 15 % ) and less than 85% ( 85 % ) of the voting stock ( exclusive of stock held by directors , officers , and employee plans ) of a company . the above factors may have the effect of deterring hostile takeovers or otherwise delaying or preventing changes in the control or management of illumina , including transactions in which our stockholders might otherwise receive a premium over the fair market value of our common stock . item 1b . unresolved staff comments . item 2 . properties . the following table summarizes the facilities we leased as of december 30 , 2018 , including the location and size of each principal facility , and their designated use . we believe our facilities are adequate for our current and near-term needs , and we will be able to locate additional facilities , as needed . location approximate square feet operation expiration dates .
|location|approximate square feet|operation|leaseexpiration dates|
|san diego ca|1195000|r&d manufacturing warehouse distribution and administrative|2019 2013 2031|
|san francisco bay area ca|501000|r&d manufacturing warehouse and administrative|2020 2013 2033|
|singapore|395000|r&d manufacturing warehouse distribution and administrative|2020 2013 2025|
|cambridge united kingdom|263000|r&d manufacturing and administrative|2019 2013 2039|
|madison wi|205000|r&d manufacturing warehouse distribution and administrative|2019 2013 2033|
|eindhoven the netherlands|42000|distribution and administrative|2020|
|other*|86000|administrative|2019 2013 2023|
________________ *excludes approximately 48000 square feet for which the leases do not commence until 2019 and beyond . item 3 . legal proceedings . see discussion of legal proceedings in note 201c7 . legal proceedings 201d in part ii , item 8 of this report , which is incorporated by reference herein . item 4 . mine safety disclosures . not applicable. .
Question: as of december 30 , 2018 what was the percent of the other excluded lease square feet due to commencement in 2019
Answer:
|
0.55814
|
as of december 30 , 2018 what was the percent of the other excluded lease square feet due to commencement in 2019
|
{
"options": {
"A": "0.55814%",
"B": "0.55814",
"C": "0.558",
"D": "0.55"
},
"goldenKey": "A"
}
|
{
"A": "0.55814%",
"B": "0.55814",
"C": "0.558",
"D": "0.55"
}
|
A
|
finqa1990
|
Please answer the given financial question based on the context.
Context: part i item 1 entergy corporation , utility operating companies , and system energy entergy new orleans provides electric and gas service in the city of new orleans pursuant to indeterminate permits set forth in 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 2019s 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 27 counties in eastern texas , and holds non-exclusive franchises to provide electric service in approximately 68 incorporated municipalities . entergy texas was typically granted 50-year franchises , but recently has been receiving 25-year franchises . entergy texas 2019s electric franchises expire during 2013-2058 . 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 , 2011 , 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|4774|1668|1823|1209|74|
|entergy gulf states louisiana|3317|1980|974|363|-|
|entergy louisiana|5424|4265|1159|-|-|
|entergy mississippi|3229|2809|-|420|-|
|entergy new orleans|764|764|-|-|-|
|entergy texas|2538|2269|-|269|-|
|system energy|1071|-|1071|-|-|
|total|21117|13755|5027|2261|74|
( 1 ) 201cowned and leased capability 201d 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 21246 mw from 2002-2011 . 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 the entergy system 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 requests for proposals ( rfp ) to procure supply-side resources from sources other than the spot market to meet the unique regional needs of the utility operating companies . the entergy system has adopted a long-term resource strategy that calls for the bulk of capacity needs to be met through long-term resources , whether owned or contracted . entergy refers to this strategy as the "portfolio transformation strategy" . over the past nine years , portfolio transformation has resulted in the addition of about 4500 mw of new long-term resources . these figures do not include transactions currently pending as a result of the summer 2009 rfp . when the summer 2009 rfp transactions are included in the entergy system portfolio of long-term resources and adjusting for unit deactivations of older generation , the entergy system is approximately 500 mw short of its projected 2012 peak load plus reserve margin . this remaining need is expected to be met through a nuclear uprate at grand gulf and limited-term resources . the entergy system will continue to access the spot power market to economically .
Question: in 2011 what was the ratio of the entergy arkansas property and other generation resources generating capacity of nuclear to hydro
Answer:
|
24.63514
|
in 2011 what was the ratio of the entergy arkansas property and other generation resources generating capacity of nuclear to hydro
|
{
"options": {
"A": "24.63514",
"B": "0.03084",
"C": "0.01542",
"D": "0.00388"
},
"goldenKey": "A"
}
|
{
"A": "24.63514",
"B": "0.03084",
"C": "0.01542",
"D": "0.00388"
}
|
A
|
finqa1991
|
Please answer the given financial question based on the context.
Context: concession-based shop-within-shops . in addition , we sell our products online through various third-party digital partner commerce sites . in asia , our wholesale business is comprised primarily of sales to department stores , with related products distributed through shop-within-shops . no operating segments were aggregated to form our reportable segments . in addition to these reportable segments , we also have other non-reportable segments , representing approximately 7% ( 7 % ) of our fiscal 2018 net revenues , which primarily consist of ( i ) sales of club monaco branded products made through our retail businesses in the u.s. , canada , and europe , and our licensing alliances in europe and asia , ( ii ) sales of ralph lauren branded products made through our wholesale business in latin america , and ( iii ) royalty revenues earned through our global licensing alliances , excluding club monaco . this segment structure is consistent with how we establish our overall business strategy , allocate resources , and assess performance of our company . approximately 45% ( 45 % ) of our fiscal 2018 net revenues were earned outside of the u.s . see note 19 to the accompanying consolidated financial statements for a summary of net revenues and operating income by segment , as well as net revenues and long-lived assets by geographic location . our wholesale business our wholesale business sells our products globally to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops . we have continued to focus on elevating our brand by improving in-store product assortment and presentation , as well as full-price sell-throughs to consumers . as of the end of fiscal 2018 , our wholesale products were sold through over 12000 doors worldwide , with the majority in specialty stores . our products are also increasingly being sold through the digital commerce sites of many of our wholesale customers . the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings . our luxury brands , including ralph lauren collection and ralph lauren purple label , are distributed worldwide through a limited number of premier fashion retailers . in north america , our wholesale business is comprised primarily of sales to department stores , and to a lesser extent , specialty stores . in europe , our wholesale business is comprised of a varying mix of sales to both department stores and specialty stores , depending on the country . in asia , our wholesale business is comprised primarily of sales to department stores , with related products distributed through shop-within-shops . we also distribute our wholesale products to certain licensed stores operated by our partners in latin america , asia , europe , and the middle east . we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores . worldwide wholesale distribution channels the following table presents by segment the number of wholesale doors in our primary channels of distribution as of march 31 , 2018 and april 1 , march 31 , april 1 .
||march 312018|april 12017|
|north america|6848|7018|
|europe|4928|5690|
|asia|341|187|
|other non-reportable segments|109|171|
|total|12226|13066|
we have three key wholesale customers that generate significant sales volume . during fiscal 2018 , sales to our largest wholesale customer , macy's , inc . ( "macy's" ) , accounted for approximately 8% ( 8 % ) of our total net revenues . further , during fiscal 2018 , sales to our three largest wholesale customers , including macy's , accounted for approximately 19% ( 19 % ) of our total net revenues , as compared to approximately 21% ( 21 % ) during fiscal 2017 . substantially all sales to our three largest wholesale customers related to our north america segment . our products are sold primarily by our own sales forces . our wholesale business maintains its primary showrooms in new york city . in addition , we maintain regional showrooms in bologna , geneva , london , madrid , munich , panama , paris , and stockholm. .
Question: what percentage of wholesale distribution channels are due to asia as of march 31 , 2018?
Answer:
|
0.02789
|
what percentage of wholesale distribution channels are due to asia as of march 31 , 2018?
|
{
"options": {
"A": "2.789%",
"B": "0.2789%",
"C": "27.89%",
"D": "0.02789%"
},
"goldenKey": "D"
}
|
{
"A": "2.789%",
"B": "0.2789%",
"C": "27.89%",
"D": "0.02789%"
}
|
D
|
finqa1992
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements related contingent consideration , and any subsequent changes in fair value using a discounted probability- weighted approach . this approach takes into consideration level 3 unobservable inputs including probability assessments of expected future cash flows over the period in which the obligation is expected to be settled and applies a discount factor that captures the uncertainties associated with the obligation . changes in these unobservable inputs could significantly impact the fair value of the liabilities recorded in the accompanying consolidated balance sheets and operating expenses in the consolidated statements of operations . as of december 31 , 2012 , the company estimates the value of all potential acquisition-related contingent consideration required payments to be between zero and $ 43.6 million . during the years ended december 31 , 2012 and 2011 , the fair value of the contingent consideration changed as follows ( in thousands ) : .
||2012|2011|
|balance as of january 1|$ 25617|$ 5809|
|additions|6653|19853|
|payments|-15716 ( 15716 )|-5742 ( 5742 )|
|change in fair value|6329|5634|
|foreign currency translation adjustment|828|63|
|balance as of december 31|$ 23711|$ 25617|
items measured at fair value on a nonrecurring basis 2014during the year ended december 31 , 2012 , certain long-lived assets held and used with a carrying value of $ 5379.2 million were written down to their net realizable value of $ 5357.7 million as a result of an asset impairment charge of $ 21.5 million , which was recorded in other operating expenses in the accompanying consolidated statements of operations . during the year ended december 31 , 2011 , long-lived assets held and used with a carrying value of $ 4280.8 million were written down to their net realizable value of $ 4271.8 million , resulting in an asset impairment charge of $ 9.0 million . these adjustments were determined by comparing the estimated proceeds from sale of assets or the projected future discounted cash flows to be provided from the long-lived assets ( calculated using level 3 inputs ) to the asset 2019s carrying value . there were no other items measured at fair value on a nonrecurring basis during the year ended december 31 , 2012 . fair value of financial instruments 2014the carrying value of the company 2019s financial instruments , with the exception of long-term obligations , including the current portion , reasonably approximate the related fair value as of december 31 , 2012 and 2011 . the company 2019s estimates of fair value of its long-term obligations , including the current portion , are based primarily upon reported market values . for long-term debt not actively traded , fair value was estimated using a discounted cash flow analysis using rates for debt with similar terms and maturities . as of december 31 , 2012 , the carrying value and fair value of long-term obligations , including the current portion , were $ 8.8 billion and $ 9.4 billion , respectively , of which $ 4.9 billion was measured using level 1 inputs and $ 4.5 billion was measured using level 2 inputs . as of december 31 , 2011 , the carrying value and fair value of long-term obligations , including the current portion , were $ 7.2 billion and $ 7.5 billion , respectively , of which $ 3.8 billion was measured using level 1 inputs and $ 3.7 billion was measured using level 2 inputs . 13 . income taxes the company has filed , for prior taxable years through its taxable year ended december 31 , 2011 , a consolidated u.s . federal tax return , which includes all of its wholly owned domestic subsidiaries . for its taxable year commencing january 1 , 2012 , the company intends to file as a reit , and its domestic trss intend to file as c corporations . the company also files tax returns in various states and countries . the company 2019s state tax returns reflect different combinations of the company 2019s subsidiaries and are dependent on the connection each subsidiary has with a particular state . the following information pertains to the company 2019s income taxes on a consolidated basis. .
Question: level 1 inputs are generally more accurate than level 2 . in 2012 , what percentage of long-term obligations , was not measured using level 1 inputs?
Answer:
|
0.47872
|
level 1 inputs are generally more accurate than level 2 . in 2012 , what percentage of long-term obligations , was not measured using level 1 inputs?
|
{
"options": {
"A": "0.52128",
"B": "0.47872",
"C": "0.4",
"D": "0.6"
},
"goldenKey": "B"
}
|
{
"A": "0.52128",
"B": "0.47872",
"C": "0.4",
"D": "0.6"
}
|
B
|
finqa1993
|
Please answer the given financial question based on the context.
Context: state street bank issuances : state street bank currently has authority to issue up to an aggregate of $ 1 billion of subordinated fixed-rate , floating-rate or zero-coupon bank notes with a maturity of five to fifteen years . with respect to the 5.25% ( 5.25 % ) subordinated bank notes due 2018 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the notes on april 15 and october 15 of each year , and the notes qualify as tier 2 capital under regulatory capital guidelines . with respect to the 5.30% ( 5.30 % ) subordinated notes due 2016 and the floating-rate subordinated notes due 2015 , state street bank is required to make semi-annual interest payments on the outstanding principal balance of the 5.30% ( 5.30 % ) notes on january 15 and july 15 of each year beginning in july 2006 , and quarterly interest payments on the outstanding principal balance of the floating-rate notes on march 8 , june 8 , september 8 and december 8 of each year beginning in march 2006 . the notes qualify as tier 2 capital under regulatory capital guidelines . note 10 . commitments and contingencies off-balance sheet commitments and contingencies : credit-related financial instruments include indemnified securities financing , unfunded commitments to extend credit or purchase assets and standby letters of credit . the total potential loss on unfunded commitments , standby and commercial letters of credit and securities finance indemnifications is equal to the total contractual amount , which does not consider the value of any collateral . the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to unrelated third parties. .
|( in millions )|2006|2005|
|indemnified securities financing|$ 506032|$ 372863|
|liquidity asset purchase agreements|30251|24412|
|unfunded commitments to extend credit|16354|14403|
|standby letters of credit|4926|5027|
on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . in certain circumstances , we may indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . we held , as agent , cash and u.s . government securities totaling $ 527.37 billion and $ 387.22 billion as collateral for indemnified securities on loan at december 31 , 2006 and 2005 , respectively . approximately 81% ( 81 % ) of the unfunded commitments to extend credit and liquidity asset purchase agreements expire within one year from the date of issue . since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements . in the normal course of business , we provide liquidity and credit enhancements to asset-backed commercial paper programs , or 201cconduits . 201d these conduits are more fully described in note 11 . the commercial paper issuances and commitments of the conduits to provide funding are supported by liquidity asset purchase agreements and backup liquidity lines of credit , the majority of which are provided by us . in addition , we provide direct credit support to the conduits in the form of standby letters of credit . our commitments under liquidity asset purchase agreements and backup lines of credit totaled $ 23.99 billion at december 31 , 2006 , and are included in the preceding table . our commitments under seq 83 copyarea : 38 . x 54 . trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\fc\\delivery_1024177\\2771-1-dm_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:10:46 2007 ( v 2.247w--stp1pae18 ) .
Question: what percent did indemnified securities financing increase between 2005 and 2006?
Answer:
|
0.73684
|
what percent did indemnified securities financing increase between 2005 and 2006?
|
{
"options": {
"A": "0.73684%",
"B": "0.7368%",
"C": "0.7369%",
"D": "0.737%"
},
"goldenKey": "A"
}
|
{
"A": "0.73684%",
"B": "0.7368%",
"C": "0.7369%",
"D": "0.737%"
}
|
A
|
finqa1994
|
Please answer the given financial question based on the context.
Context: these simulations assume that as assets and liabilities mature , they are replaced or repriced at then current market rates . we also consider forward projections of purchase accounting accretion when forecasting net interest income . the following graph presents the libor/swap yield curves for the base rate scenario and each of the alternate scenarios one year forward . table 51 : alternate interest rate scenarios : one year forward base rates pnc economist market forward slope flattening 2y 3y 5y 10y the fourth quarter 2014 interest sensitivity analyses indicate that our consolidated balance sheet is positioned to benefit from an increase in interest rates and an upward sloping interest rate yield curve . we believe that we have the deposit funding base and balance sheet flexibility to adjust , where appropriate and permissible , to changing interest rates and market conditions . market risk management 2013 customer-related trading we engage in fixed income securities , derivatives and foreign exchange transactions to support our customers 2019 investing and hedging activities . these transactions , related hedges and the credit valuation adjustment ( cva ) related to our customer derivatives portfolio are marked-to-market daily and reported as customer-related trading activities . we do not engage in proprietary trading of these products . we use value-at-risk ( var ) as the primary means to measure and monitor market risk in customer-related trading activities . we calculate a diversified var at a 95% ( 95 % ) confidence interval . var is used to estimate the probability of portfolio losses based on the statistical analysis of historical market risk factors . a diversified var reflects empirical correlations across different asset classes . during 2014 , our 95% ( 95 % ) var ranged between $ .8 million and $ 3.9 million , averaging $ 2.1 million . during 2013 , our 95% ( 95 % ) var ranged between $ 1.7 million and $ 5.5 million , averaging $ 3.5 million . to help ensure the integrity of the models used to calculate var for each portfolio and enterprise-wide , we use a process known as backtesting . the backtesting process consists of comparing actual observations of gains or losses against the var levels that were calculated at the close of the prior day . this assumes that market exposures remain constant throughout the day and that recent historical market variability is a good predictor of future variability . our customer-related trading activity includes customer revenue and intraday hedging which helps to reduce losses , and may reduce the number of instances of actual losses exceeding the prior day var measure . there were two instances during 2014 under our diversified var measure where actual losses exceeded the prior day var measure . in comparison , there was one such instance during 2013 . we use a 500 day look back period for backtesting and include customer-related trading revenue . the following graph shows a comparison of enterprise-wide gains and losses against prior day diversified var for the period indicated . table 52 : enterprise 2013 wide gains/losses versus value-at- total customer-related trading revenue was as follows : table 53 : customer-related trading revenue ( a ) year ended december 31 in millions 2014 2013 .
|year ended december 31in millions|2014|2013|
|net interest income|$ 31|$ 30|
|noninterest income|147|234|
|total customer-related trading revenue|$ 178|$ 264|
|securities trading ( b )|$ 33|$ 21|
|foreign exchange|96|98|
|financial derivatives and other|49|145|
|total customer-related trading revenue|$ 178|$ 264|
( a ) customer-related trading revenues exclude underwriting fees for both periods presented . ( b ) includes changes in fair value for certain loans accounted for at fair value . customer-related trading revenues for 2014 decreased $ 86 million compared with 2013 . the decrease was primarily due to market interest rate changes impacting credit valuations for customer-related derivatives activities and reduced derivatives client sales revenues , which were partially offset by improved securities and foreign exchange client sales results . 92 the pnc financial services group , inc . 2013 form 10-k .
Question: in millions , what was the total in 2014 and 2013 of net interest income?
Answer:
|
61.0
|
in millions , what was the total in 2014 and 2013 of net interest income?
|
{
"options": {
"A": "A. $30 and $31",
"B": "B. $31 and $30",
"C": "C. $61 and $61",
"D": "D. $61 and $30"
},
"goldenKey": "C"
}
|
{
"A": "A. $30 and $31",
"B": "B. $31 and $30",
"C": "C. $61 and $61",
"D": "D. $61 and $30"
}
|
C
|
finqa1995
|
Please answer the given financial question based on the context.
Context: westrock company notes to consolidated financial statements fffd ( continued ) the following table summarizes the weighted average life and the allocation to intangible assets recognized in the mps acquisition , excluding goodwill ( in millions ) : weighted avg . amounts recognized as the acquisition .
||weighted avg.life|amountsrecognized as ofthe acquisitiondate|
|customer relationships|14.6|$ 1008.7|
|trademarks and tradenames|3.0|15.2|
|photo library|10.0|2.5|
|total|14.4|$ 1026.4|
none of the intangibles has significant residual value . we are amortizing the customer relationship intangibles over estimated useful lives ranging from 13 to 16 years based on a straight-line basis because the amortization pattern was not reliably determinable . star pizza acquisition on march 13 , 2017 , we completed the star pizza acquisition . the transaction provided us with a leadership position in the fast growing small-run pizza box market and increases our vertical integration . the purchase price was $ 34.6 million , net of a $ 0.7 million working capital settlement . we have fully integrated the approximately 22000 tons of containerboard used by star pizza annually . we have included the financial results of the acquired assets since the date of the acquisition in our corrugated packaging segment . the purchase price allocation for the acquisition primarily included $ 24.8 million of customer relationship intangible assets and $ 2.2 million of goodwill . we are amortizing the customer relationship intangibles over 10 years based on a straight-line basis because the amortization pattern was not reliably determinable . the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force . the goodwill and intangibles are amortizable for income tax purposes . packaging acquisition on january 19 , 2016 , we completed the packaging acquisition . the entities acquired provide value-added folding carton and litho-laminated display packaging solutions . the purchase price was $ 94.1 million , net of cash received of $ 1.7 million , a working capital settlement and a $ 3.5 million escrow receipt in the first quarter of fiscal 2017 . the transaction is subject to an election under section 338 ( h ) ( 10 ) of the code that increases the u.s . tax basis in the acquired u.s . entities . we believe the transaction has provided us with attractive and complementary customers , markets and facilities . we have included the financial results of the acquired entities since the date of the acquisition in our consumer packaging segment . the purchase price allocation for the acquisition primarily included $ 55.0 million of property , plant and equipment , $ 10.5 million of customer relationship intangible assets , $ 9.3 million of goodwill and $ 25.8 million of liabilities , including $ 1.3 million of debt . we are amortizing the customer relationship intangibles over estimated useful lives ranging from 9 to 15 years based on a straight-line basis because the amortization pattern was not reliably determinable . the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force . the goodwill and intangibles of the u.s . entities are amortizable for income tax purposes . sp fiber on october 1 , 2015 , we completed the sp fiber acquisition in a stock purchase . the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper . the newberg mill also produced newsprint . as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in gps . gps is a joint venture providing steam to the dublin mill and electricity to georgia power . the purchase price was $ 278.8 million , net of cash received of $ 9.2 million and a working capital .
Question: what percent of the overall purchase value of star pizza was in customer relationship intangible assets and goodwill?
Answer:
|
0.78035
|
what percent of the overall purchase value of star pizza was in customer relationship intangible assets and goodwill?
|
{
"options": {
"A": "0.78035%",
"B": "7.8035%",
"C": "78.035%",
"D": "780.35%"
},
"goldenKey": "A"
}
|
{
"A": "0.78035%",
"B": "7.8035%",
"C": "78.035%",
"D": "780.35%"
}
|
A
|
finqa1997
|
Please answer the given financial question based on the context.
Context: performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2005 through december 31 , 2010 , when the closing price of our common stock was $ 12.66 . the graph assumes investments of $ 100 on december 31 , 2005 in our common stock and in each of the three indices and the reinvestment of dividends . performance graph 201020092008200720062005 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2005 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. .
||2006|2007|2008|2009|2010|
|masco|$ 101.79|$ 76.74|$ 42.81|$ 54.89|$ 51.51|
|s&p 500 index|$ 115.61|$ 121.95|$ 77.38|$ 97.44|$ 111.89|
|s&p industrials index|$ 113.16|$ 126.72|$ 76.79|$ 92.30|$ 116.64|
|s&p consumer durables & apparel index|$ 106.16|$ 84.50|$ 56.13|$ 76.51|$ 99.87|
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise . at december 31 , 2010 , we had remaining authorization to repurchase up to 27 million shares . during 2010 , we repurchased and retired three million shares of our common stock , for cash aggregating $ 45 million to offset the dilutive impact of the 2010 grant of three million shares of long-term stock awards . we did not purchase any shares during the three months ended december 31 , 2010. .
Question: what was the percent of the increase in the s&p industrial index from 2006 to 2007
Answer:
|
0.11983
|
what was the percent of the increase in the s&p industrial index from 2006 to 2007
|
{
"options": {
"A": "0.11983",
"B": "0.10789",
"C": "0.09876",
"D": "0.08642"
},
"goldenKey": "A"
}
|
{
"A": "0.11983",
"B": "0.10789",
"C": "0.09876",
"D": "0.08642"
}
|
A
|
finqa1998
|
Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries management's financial discussion and analysis 2022 the deferral in august 2004 of $ 7.5 million of fossil plant maintenance and voluntary severance program costs at entergy new orleans as a result of a stipulation approved by the city council . 2003 compared to 2002 net revenue , which is entergy's 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 2003 to 2002. .
||( in millions )|
|2002 net revenue|$ 4209.6|
|base rate increases|66.2|
|base rate decreases|-23.3 ( 23.3 )|
|deferred fuel cost revisions|56.2|
|asset retirement obligation|42.9|
|net wholesale revenue|23.2|
|march 2002 ark . settlement agreement|-154.0 ( 154.0 )|
|other|-6.3 ( 6.3 )|
|2003 net revenue|$ 4214.5|
base rates increased net revenue due to base rate increases at entergy mississippi and entergy new orleans that became effective in january 2003 and june 2003 , respectively . entergy gulf states implemented base rate decreases in its louisiana jurisdiction effective june 2002 and january 2003 . the january 2003 base rate decrease of $ 22.1 million had a minimal impact on net income due to a corresponding reduction in nuclear depreciation and decommissioning expenses associated with the change in accounting estimate to reflect an assumed extension of river bend's useful life . the deferred fuel cost revisions variance was due to a revised unbilled sales pricing estimate made in december 2002 and further revision of that estimate in the first quarter of 2003 to more closely align the fuel component of that pricing with expected recoverable fuel costs at entergy louisiana . the asset retirement obligation variance was due to the implementation of sfas 143 , "accounting for asset retirement obligations" adopted in january 2003 . see "critical accounting estimates 2013 nuclear decommissioning costs" for more details on sfas 143 . the increase was offset by increased depreciation and decommissioning expenses and had an insignificant effect on net income . the increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and cooperative customers . the march 2002 settlement agreement variance reflects the absence in 2003 of the effect of recording the ice storm settlement approved by the apsc in 2002 . this settlement resulted in previously deferred revenues at entergy arkansas per the transition cost account mechanism being recorded in net revenue in the second quarter of 2002 . the decrease was offset by a corresponding decrease in other operation and maintenance expenses and had a minimal effect on net income . gross operating revenues and regulatory credits gross operating revenues include an increase in fuel cost recovery revenues of $ 682 million and $ 53 million in electric and gas sales , respectively , primarily due to higher fuel rates in 2003 resulting from increases in the market prices of purchased power and natural gas . as such , this revenue increase was offset by increased fuel and purchased power expenses. .
Question: what is the net change in net revenue during 2003 for entergy corporation?
Answer:
|
4.9
|
what is the net change in net revenue during 2003 for entergy corporation?
|
{
"options": {
"A": "66.2",
"B": "-23.3",
"C": "56.2",
"D": "4.9"
},
"goldenKey": "D"
}
|
{
"A": "66.2",
"B": "-23.3",
"C": "56.2",
"D": "4.9"
}
|
D
|
finqa2000
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements level 3 rollforward if a derivative was transferred to level 3 during a reporting period , its entire gain or loss for the period is included in level 3 . transfers between levels are reported at the beginning of the reporting period in which they occur . in the tables below , negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities . gains and losses on level 3 derivatives should be considered in the context of the following : 2030 a derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input . 2030 if there is one significant level 3 input , the entire gain or loss from adjusting only observable inputs ( i.e. , level 1 and level 2 inputs ) is classified as level 3 . 2030 gains or losses that have been reported in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1 , level 2 and level 3 cash instruments . as a result , gains/ ( losses ) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm 2019s results of operations , liquidity or capital resources . the tables below present changes in fair value for all derivatives categorized as level 3 as of the end of the year. .
|in millions|level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance beginning of year|level 3 derivative assets and liabilities at fair value for the year ended december 2013 net realized gains/ ( losses )|level 3 derivative assets and liabilities at fair value for the year ended december 2013 net unrealized gains/ ( losses ) relating to instruments still held at year-end|level 3 derivative assets and liabilities at fair value for the year ended december 2013 purchases|level 3 derivative assets and liabilities at fair value for the year ended december 2013 sales|level 3 derivative assets and liabilities at fair value for the year ended december 2013 settlements|level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers into level 3|level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers out of level 3|level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance endof year|
|interest rates 2014 net|$ -355 ( 355 )|$ -78 ( 78 )|$ 168|$ 1|$ -8 ( 8 )|$ 196|$ -9 ( 9 )|$ -1 ( 1 )|$ -86 ( 86 )|
|credit 2014 net|6228|-1 ( 1 )|-977 ( 977 )|201|-315 ( 315 )|-1508 ( 1508 )|695|-147 ( 147 )|4176|
|currencies 2014 net|35|-93 ( 93 )|-419 ( 419 )|22|-6 ( 6 )|169|139|-47 ( 47 )|-200 ( 200 )|
|commodities 2014 net|-304 ( 304 )|-6 ( 6 )|58|21|-48 ( 48 )|281|50|8|60|
|equities 2014 net|-1248 ( 1248 )|-67 ( 67 )|-202 ( 202 )|77|-472 ( 472 )|1020|-15 ( 15 )|-52 ( 52 )|-959 ( 959 )|
|total derivatives 2014 net|$ 4356|$ ( 245 ) 1|$ ( 1372 ) 1|$ 322|$ -849 ( 849 )|$ 158|$ 860|$ -239 ( 239 )|$ 2991|
1 . the aggregate amounts include losses of approximately $ 1.29 billion and $ 324 million reported in 201cmarket making 201d and 201cother principal transactions , 201d respectively . the net unrealized loss on level 3 derivatives of $ 1.37 billion for 2013 principally resulted from changes in level 2 inputs and was primarily attributable to losses on certain credit derivatives , principally due to the impact of tighter credit spreads , and losses on certain currency derivatives , primarily due to changes in foreign exchange rates . transfers into level 3 derivatives during 2013 primarily reflected transfers of credit derivative assets from level 2 , principally due to reduced transparency of upfront credit points and correlation inputs used to value these derivatives . transfers out of level 3 derivatives during 2013 primarily reflected transfers of certain credit derivatives to level 2 , principally due to unobservable credit spread and correlation inputs no longer being significant to the valuation of these derivatives and unobservable inputs not being significant to the net risk of certain portfolios . goldman sachs 2013 annual report 143 .
Question: what was the difference in millions in the aggregate amount of losses reported in 201cmarket making 201d and 201cother principal transactions 201d respectively?
Answer:
|
966.0
|
what was the difference in millions in the aggregate amount of losses reported in 201cmarket making 201d and 201cother principal transactions 201d respectively?
|
{
"options": {
"A": "324 million",
"B": "1.29 billion",
"C": "966.0 million",
"D": "1.37 billion"
},
"goldenKey": "C"
}
|
{
"A": "324 million",
"B": "1.29 billion",
"C": "966.0 million",
"D": "1.37 billion"
}
|
C
|
finqa2001
|
Please answer the given financial question based on the context.
Context: expansion of the retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure , operating lease commitments , personnel , and other operating expenses . capital expenditures associated with the retail segment were $ 132 million in 2005 , bringing the total capital expenditures since inception of the retail segment to approximately $ 529 million . as of september 24 , 2005 , the retail segment had approximately 3673 employees and had outstanding operating lease commitments associated with retail store space and related facilities of approximately $ 606 million . the company would incur substantial costs should it choose to terminate its retail segment or close individual stores . such costs could adversely affect the company 2019s results of operations and financial condition . gross margin gross margin for each of the last three fiscal years are as follows ( in millions , except gross margin percentages ) : september 24 , september 25 , september 27 .
||september 24 2005|september 25 2004|september 27 2003|
|net sales|$ 13931|$ 8279|$ 6207|
|cost of sales|9888|6020|4499|
|gross margin|$ 4043|$ 2259|$ 1708|
|gross margin percentage|29.0% ( 29.0 % )|27.3% ( 27.3 % )|27.5% ( 27.5 % )|
gross margin increased in 2005 to 29.0% ( 29.0 % ) of net sales from 27.3% ( 27.3 % ) of net sales in 2004 . the company 2019s gross margin during 2005 increased due to more favorable pricing on certain commodity components including lcd flat-panel displays and dram memory ; an increase in higher margin software sales ; a favorable shift in direct sales related primarily to the company 2019s retail and online stores ; and higher overall revenue that provided for more leverage on fixed production costs . these increases to gross margin were partially offset by an increase in lower margin ipod sales . the company anticipates that its gross margin and the gross margin of the overall personal computer and consumer electronics industries will remain under pressure in light of price competition , especially for the ipod product line . the company expects gross margin percentage to decline in the first quarter of 2006 primarily as a result of a shift in the mix of revenue toward lower margin products such as the ipod and content from the itunes music store . the foregoing statements regarding the company 2019s expected gross margin are forward-looking . there can be no assurance that current gross margins will be maintained or targeted gross margin levels will be achieved . in general , gross margins and margins on individual products , including ipods , will remain under significant downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and potential changes to the company 2019s product mix , including higher unit sales of consumer products with lower average selling prices and lower gross margins . in response to these downward pressures , the company expects it will continue to take pricing actions with respect to its products . gross margins could also be affected by the company 2019s ability to effectively manage product quality and warranty costs and to stimulate demand for certain of its products . due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
Question: what was the largest gross margin in millions dollars over the three year period?
Answer:
|
4043.0
|
what was the largest gross margin in millions dollars over the three year period?
|
{
"options": {
"A": "13931",
"B": "8279",
"C": "4043",
"D": "2259"
},
"goldenKey": "C"
}
|
{
"A": "13931",
"B": "8279",
"C": "4043",
"D": "2259"
}
|
C
|
finqa2002
|
Please answer the given financial question based on the context.
Context: issuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2007 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) maximum number of shares that may yet be purchased under the program ( b ) .
|period|total number ofshares purchased|average pricepaid pershare|total number of sharespurchased as part ofpubliclyannouncedprogram ( a )|maximum number ofshares that may yet bepurchased under theprogram ( b )|
|october|127100|$ 108.58|127100|35573131|
|november|1504300|109.07|1504300|34068831|
|december|1325900|108.78|1325900|32742931|
( a ) we repurchased a total of 2957300 shares of our common stock during the quarter ended december 31 , 2007 under a share repurchase program that we announced in october 2002 . ( b ) our board of directors has approved a share repurchase program for the repurchase of up to 128 million shares of our common stock from time-to-time , including 20 million shares approved for repurchase by our board of directors in september 2007 . under the program , management has discretion to determine the number and price of the shares to be repurchased , and the timing of any repurchases , in compliance with applicable law and regulation . as of december 31 , 2007 , we had repurchased a total of 95.3 million shares under the program . in 2007 , we did not make any unregistered sales of equity securities. .
Question: how many shares in millions are available to be repurchased under the approved share repurchase program?
Answer:
|
32.7
|
how many shares in millions are available to be repurchased under the approved share repurchase program?
|
{
"options": {
"A": "12.8",
"B": "20",
"C": "32.7",
"D": "95.3"
},
"goldenKey": "C"
}
|
{
"A": "12.8",
"B": "20",
"C": "32.7",
"D": "95.3"
}
|
C
|
finqa2003
|
Please answer the given financial question based on the context.
Context: entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income decreased $ 7.7 million primarily due to a higher effective income tax rate , lower other income , and higher other operation and maintenance expenses , substantially offset by higher net revenue , lower depreciation and amortization expenses , and lower interest expense . 2010 compared to 2009 net income increased $ 105.7 million primarily due to higher net revenue , a lower effective income tax rate , higher other income , and lower depreciation and amortization expenses , partially offset by higher other operation and maintenance expenses . net revenue 2011 compared to 2010 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 2011 to 2010 . amount ( in millions ) .
||amount ( in millions )|
|2010 net revenue|$ 1216.7|
|retail electric price|31.0|
|ano decommissioning trust|26.4|
|transmission revenue|13.1|
|volume/weather|-15.9 ( 15.9 )|
|net wholesale revenue|-11.9 ( 11.9 )|
|capacity acquisition recovery|-10.3 ( 10.3 )|
|other|3.2|
|2011 net revenue|$ 1252.3|
the retail electric price variance is primarily due to a base rate increase effective july 2010 . see note 2 to the financial statements for more discussion of the rate case settlement . the ano decommissioning trust variance is primarily related to the deferral of investment gains from the ano 1 and 2 decommissioning trust in 2010 in accordance with regulatory treatment . the gains resulted in an increase in 2010 in interest and investment income and a corresponding increase in regulatory charges with no effect on net income. .
Question: what is the percent increase in net revenue from 2010 to 2011?
Answer:
|
0.02926
|
what is the percent increase in net revenue from 2010 to 2011?
|
{
"options": {
"A": "0.02926%",
"B": "2.926%",
"C": "29.26%",
"D": "292.6%"
},
"goldenKey": "A"
}
|
{
"A": "0.02926%",
"B": "2.926%",
"C": "29.26%",
"D": "292.6%"
}
|
A
|
finqa2004
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 84 jpmorgan chase & co . / 2008 annual report tier 1 capital was $ 136.1 billion at december 31 , 2008 , compared with $ 88.7 billion at december 31 , 2007 , an increase of $ 47.4 billion . the following table presents the changes in tier 1 capital for the year ended december 31 , 2008. .
|tier 1capital december 31 2007 ( in millions )|$ 88746|
|net income|5605|
|issuance of cumulative perpetual preferred stock tou.s . treasury|23750|
|warrant issued to u.s . treasury in connection withissuance of preferred stock|1250|
|issuance of noncumulative perpetual preferred stock|7800|
|issuance of preferred stock 2013 conversion of bear stearnspreferred stock|352|
|net issuance of common stock|11485|
|net issuance of common stock under employee stock-basedcompensation plans|3317|
|net issuance of common stock in connection with thebear stearns merger|1198|
|dividends declared|-6307 ( 6307 )|
|net issuance of qualifying trust preferred capital debtsecurities|2619|
|dva on structured debt and derivative liabilities|-1475 ( 1475 )|
|goodwill and other nonqualifying intangibles ( net ofdeferred tax liabilities )|-1357 ( 1357 )|
|other|-879 ( 879 )|
|increase in tier 1 capital|47358|
|tier 1 capital december 31 2008|$ 136104|
additional information regarding the firm 2019s capital ratios and the federal regulatory capital standards to which it is subject , and the capital ratios for the firm 2019s significant banking subsidiaries at december 31 , 2008 and 2007 , are presented in note 30 on pages 212 2013213 of this annual report . capital purchase program pursuant to the capital purchase program , on october 28 , 2008 , the firm issued to the u.s . treasury , for total proceeds of $ 25.0 billion , ( i ) 2.5 million shares of series k preferred stock , and ( ii ) a warrant to pur- chase up to 88401697 shares of the firm 2019s common stock , at an exer- cise price of $ 42.42 per share , subject to certain antidilution and other adjustments . the series k preferred stock qualifies as tier 1 capital . the series k preferred stock bears cumulative dividends at a rate of 5% ( 5 % ) per year for the first five years and 9% ( 9 % ) per year thereafter . the series k preferred stock ranks equally with the firm 2019s existing 6.15% ( 6.15 % ) cumulative preferred stock , series e ; 5.72% ( 5.72 % ) cumulative preferred stock , series f ; 5.49% ( 5.49 % ) cumulative preferred stock , series g ; fixed- to-floating rate noncumulative perpetual preferred stock , series i ; and 8.63% ( 8.63 % ) noncumulative perpetual preferred stock , series j , in terms of dividend payments and upon liquidation of the firm . any accrued and unpaid dividends on the series k preferred stock must be fully paid before dividends may be declared or paid on stock ranking junior or equally with the series k preferred stock . pursuant to the capital purchase program , until october 28 , 2011 , the u.s . treasury 2019s consent is required for any increase in dividends on the firm 2019s common stock from the amount of the last quarterly stock div- idend declared by the firm prior to october 14 , 2008 , unless the series k preferred stock is redeemed in whole before then , or the u.s . treasury has transferred all of the series k preferred stock it owns to third parties . the firm may not repurchase or redeem any common stock or other equity securities of the firm , or any trust preferred securities issued by the firm or any of its affiliates , without the prior consent of the u.s . treasury ( other than ( i ) repurchases of the series k preferred stock and ( ii ) repurchases of junior preferred shares or common stock in connection with any employee benefit plan in the ordinary course of business consistent with past practice ) . basel ii the minimum risk-based capital requirements adopted by the u.s . federal banking agencies follow the capital accord of the basel committee on banking supervision . in 2004 , the basel committee published a revision to the accord ( 201cbasel ii 201d ) . the goal of the new basel ii framework is to provide more risk-sensitive regulatory capital calculations and promote enhanced risk management practices among large , internationally active banking organizations . u.s . bank- ing regulators published a final basel ii rule in december 2007 , which will require jpmorgan chase to implement basel ii at the holding company level , as well as at certain of its key u.s . bank subsidiaries . prior to full implementation of the new basel ii framework , jpmorgan chase will be required to complete a qualification period of four consecutive quarters during which it will need to demonstrate that it meets the requirements of the new rule to the satisfaction of its primary u.s . banking regulators . the u.s . implementation timetable consists of the qualification period , starting any time between april 1 , 2008 , and april 1 , 2010 , followed by a minimum transition period of three years . during the transition period , basel ii risk-based capital requirements cannot fall below certain floors based on current ( 201cbasel l 201d ) regulations . jpmorgan chase expects to be in compliance with all relevant basel ii rules within the estab- lished timelines . in addition , the firm has adopted , and will continue to adopt , based upon various established timelines , basel ii in certain non-u.s . jurisdictions , as required . broker-dealer regulatory capital jpmorgan chase 2019s principal u.s . broker-dealer subsidiaries are j.p . morgan securities inc . ( 201cjpmorgan securities 201d ) and j.p . morgan clearing corp . ( formerly known as bear stearns securities corp. ) . jpmorgan securities and j.p . morgan clearing corp . are each subject to rule 15c3-1 under the securities exchange act of 1934 ( 201cnet capital rule 201d ) . jpmorgan securities and j.p . morgan clearing corp . are also registered as futures commission merchants and subject to rule 1.17 under the commodity futures trading commission ( 201ccftc 201d ) . jpmorgan securities and j.p . morgan clearing corp . have elected to compute their minimum net capital requirements in accordance with the 201calternative net capital requirement 201d of the net capital rule . at december 31 , 2008 , jpmorgan securities 2019 net capital , as defined by the net capital rule , of $ 7.2 billion exceeded the minimum require- ment by $ 6.6 billion . in addition to its net capital requirements , jpmorgan securities is required to hold tentative net capital in excess jpmorgan chase & co . / 2008 annual report84 .
Question: what percentage of the increase in tier 1 capital was due to issuance of cumulative perpetual preferred stock to u.s . treasury?
Answer:
|
0.5015
|
what percentage of the increase in tier 1 capital was due to issuance of cumulative perpetual preferred stock to u.s . treasury?
|
{
"options": {
"A": "0.5015%",
"B": "0.5015",
"C": "0.5%",
"D": "0.5"
},
"goldenKey": "A"
}
|
{
"A": "0.5015%",
"B": "0.5015",
"C": "0.5%",
"D": "0.5"
}
|
A
|
finqa2005
|
Please answer the given financial question based on the context.
Context: repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2012 to december 31 , 2012 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
||total number ofshares ( or units ) purchased1|average price paidper share ( or unit ) 2|total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3|maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3|
|october 1 - 31|13566|$ 10.26|0|$ 148858924|
|november 1 - 30|5345171|$ 9.98|5343752|$ 195551133|
|december 1 - 31|8797959|$ 10.87|8790000|$ 99989339|
|total|14156696|$ 10.53|14133752||
1 includes shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased 13566 withheld shares in october 2012 , 1419 withheld shares in november 2012 and 7959 withheld shares in december 2012 , for a total of 22944 withheld shares during the three-month period . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program . 3 on february 24 , 2012 , we announced in a press release that our board had approved a share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock ( the 201c2012 share repurchase program 201d ) , in addition to amounts available on existing authorizations . on november 20 , 2012 , we announced in a press release that our board had authorized an increase in our 2012 share repurchase program to $ 400.0 million of our common stock . on february 22 , 2013 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million of our common stock . the new authorization is in addition to any amounts remaining available for repurchase under the 2012 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: what was the percent of the withheld shares repurchased in october during the three-month period
Answer:
|
0.59127
|
what was the percent of the withheld shares repurchased in october during the three-month period
|
{
"options": {
"A": "0.59127%",
"B": "0.59127",
"C": "5.9127%",
"D": "5.9127"
},
"goldenKey": "A"
}
|
{
"A": "0.59127%",
"B": "0.59127",
"C": "5.9127%",
"D": "5.9127"
}
|
A
|
finqa2006
|
Please answer the given financial question based on the context.
Context: 2022 through the u.s . attorney 2019s office for the district of maryland , the office of the inspector general ( 201coig 201d ) for the small business administration ( 201csba 201d ) has served a subpoena on pnc requesting documents concerning pnc 2019s relationship with , including sba-guaranteed loans made through , a broker named jade capital investments , llc ( 201cjade 201d ) , as well as information regarding other pnc-originated sba guaranteed loans made to businesses located in the state of maryland , the commonwealth of virginia , and washington , dc . certain of the jade loans have been identified in an indictment and subsequent superseding indictment charging persons associated with jade with conspiracy to commit bank fraud , substantive violations of the federal bank fraud statute , and money laundering . pnc is cooperating with the u.s . attorney 2019s office for the district of maryland . our practice is to cooperate fully with regulatory and governmental investigations , audits and other inquiries , including those described in this note 23 . in addition to the proceedings or other matters described above , pnc and persons to whom we may have indemnification obligations , in the normal course of business , are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted . we do not anticipate , at the present time , that the ultimate aggregate liability , if any , arising out of such other legal proceedings will have a material adverse effect on our financial position . however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period . see note 24 commitments and guarantees for additional information regarding the visa indemnification and our other obligations to provide indemnification , including to current and former officers , directors , employees and agents of pnc and companies we have acquired . note 24 commitments and guarantees equity funding and other commitments our unfunded commitments at december 31 , 2013 included private equity investments of $ 164 million . standby letters of credit we issue standby letters of credit and have risk participations in standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution . net outstanding standby letters of credit and internal credit ratings were as follows : table 151 : net outstanding standby letters of credit dollars in billions december 31 december 31 net outstanding standby letters of credit ( a ) $ 10.5 $ 11.5 internal credit ratings ( as a percentage of portfolio ) : .
|dollars in billions|december 31 2013|december 312012|
|net outstanding standby letters of credit ( a )|$ 10.5|$ 11.5|
|internal credit ratings ( as a percentage of portfolio ) :|||
|pass ( b )|96% ( 96 % )|95% ( 95 % )|
|below pass ( c )|4% ( 4 % )|5% ( 5 % )|
( a ) the amounts above exclude participations in standby letters of credit of $ 3.3 billion and $ 3.2 billion to other financial institutions as of december 31 , 2013 and december 31 , 2012 , respectively . the amounts above include $ 6.6 billion and $ 7.5 billion which support remarketing programs at december 31 , 2013 and december 31 , 2012 , respectively . ( b ) indicates that expected risk of loss is currently low . ( c ) indicates a higher degree of risk of default . if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them . the standby letters of credit outstanding on december 31 , 2013 had terms ranging from less than 1 year to 6 years . as of december 31 , 2013 , assets of $ 2.0 billion secured certain specifically identified standby letters of credit . in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us . the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ 218 million at december 31 , 2013 . standby bond purchase agreements and other liquidity facilities we enter into standby bond purchase agreements to support municipal bond obligations . at december 31 , 2013 , the aggregate of our commitments under these facilities was $ 1.3 billion . we also enter into certain other liquidity facilities to support individual pools of receivables acquired by commercial paper conduits . there were no commitments under these facilities at december 31 , 2013 . 212 the pnc financial services group , inc . 2013 form 10-k .
Question: if you include the balance of standby letters of credit to other financial institutions as of december 31 , 2013 , what would be the balance in billions of net outstanding standby letters of credit ?
Answer:
|
13.8
|
if you include the balance of standby letters of credit to other financial institutions as of december 31 , 2013 , what would be the balance in billions of net outstanding standby letters of credit ?
|
{
"options": {
"A": "10.5",
"B": "11.5",
"C": "13.8",
"D": "16.8"
},
"goldenKey": "C"
}
|
{
"A": "10.5",
"B": "11.5",
"C": "13.8",
"D": "16.8"
}
|
C
|
finqa2007
|
Please answer the given financial question based on the context.
Context: backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) .
||2015|2014||( in millions except percentages )|
|silicon systems|$ 1720|55% ( 55 % )|$ 1400|48% ( 48 % )|
|applied global services|812|26% ( 26 % )|775|27% ( 27 % )|
|display|525|16% ( 16 % )|593|20% ( 20 % )|
|energy and environmental solutions|85|3% ( 3 % )|149|5% ( 5 % )|
|total|$ 3142|100% ( 100 % )|$ 2917|100% ( 100 % )|
applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. .
Question: what is the growth rate in silicon systems from 2014 to 2015?
Answer:
|
0.22857
|
what is the growth rate in silicon systems from 2014 to 2015?
|
{
"options": {
"A": "0.22857",
"B": "0.16",
"C": "0.07",
"D": "0.05"
},
"goldenKey": "A"
}
|
{
"A": "0.22857",
"B": "0.16",
"C": "0.07",
"D": "0.05"
}
|
A
|
finqa2008
|
Please answer the given financial question based on the context.
Context: our overall gross margin percentage decreased to 59.8% ( 59.8 % ) in 2013 from 62.1% ( 62.1 % ) in 2012 . the decrease in the gross margin percentage was primarily due to the gross margin percentage decrease in pccg . we derived most of our overall gross margin dollars in 2013 and 2012 from the sale of platforms in the pccg and dcg operating segments . our net revenue for 2012 , which included 52 weeks , decreased by $ 658 million , or 1% ( 1 % ) , compared to 2011 , which included 53 weeks . the pccg and dcg platform unit sales decreased 1% ( 1 % ) while average selling prices were unchanged . additionally , lower netbook platform unit sales and multi-comm average selling prices , primarily discrete modems , contributed to the decrease . these decreases were partially offset by our mcafee operating segment , which we acquired in the q1 2011 . mcafee contributed $ 469 million of additional revenue in 2012 compared to 2011 . our overall gross margin dollars for 2012 decreased by $ 606 million , or 2% ( 2 % ) , compared to 2011 . the decrease was due in large part to $ 494 million of excess capacity charges , as well as lower revenue from the pccg and dcg platform . to a lesser extent , approximately $ 390 million of higher unit costs on the pccg and dcg platform as well as lower netbook and multi-comm revenue contributed to the decrease . the decrease was partially offset by $ 643 million of lower factory start-up costs as we transition from our 22nm process technology to r&d of our next- generation 14nm process technology , as well as $ 422 million of charges recorded in 2011 to repair and replace materials and systems impacted by a design issue related to our intel ae 6 series express chipset family . the decrease was also partially offset by the two additional months of results from our acquisition of mcafee , which occurred on february 28 , 2011 , contributing approximately $ 334 million of additional gross margin dollars in 2012 compared to 2011 . the amortization of acquisition-related intangibles resulted in a $ 557 million reduction to our overall gross margin dollars in 2012 , compared to $ 482 million in 2011 , primarily due to acquisitions completed in q1 2011 . our overall gross margin percentage in 2012 was flat from 2011 as higher excess capacity charges and higher unit costs on the pccg and dcg platform were offset by lower factory start-up costs and no impact in 2012 for a design issue related to our intel 6 series express chipset family . we derived a substantial majority of our overall gross margin dollars in 2012 and 2011 from the sale of platforms in the pccg and dcg operating segments . pc client group the revenue and operating income for the pccg operating segment for each period were as follows: .
|( in millions )|2013|2012|2011|
|net revenue|$ 33039|$ 34504|$ 35624|
|operating income|$ 11827|$ 13106|$ 14840|
net revenue for the pccg operating segment decreased by $ 1.5 billion , or 4% ( 4 % ) , in 2013 compared to 2012 . pccg platform unit sales were down 3% ( 3 % ) primarily on softness in traditional pc demand during the first nine months of the year . the decrease in revenue was driven by lower notebook and desktop platform unit sales which were down 4% ( 4 % ) and 2% ( 2 % ) , respectively . pccg platform average selling prices were flat , with 6% ( 6 % ) higher desktop platform average selling prices offset by 4% ( 4 % ) lower notebook platform average selling prices . operating income decreased by $ 1.3 billion , or 10% ( 10 % ) , in 2013 compared to 2012 , which was driven by $ 1.5 billion of lower gross margin , partially offset by $ 200 million of lower operating expenses . the decrease in gross margin was driven by $ 1.5 billion of higher factory start-up costs primarily on our next-generation 14nm process technology as well as lower pccg platform revenue . these decreases were partially offset by approximately $ 520 million of lower pccg platform unit costs , $ 260 million of lower excess capacity charges , and higher sell-through of previously non- qualified units . net revenue for the pccg operating segment decreased by $ 1.1 billion , or 3% ( 3 % ) , in 2012 compared to 2011 . pccg revenue was negatively impacted by the growth of tablets as these devices compete with pcs for consumer sales . platform average selling prices and unit sales decreased 2% ( 2 % ) and 1% ( 1 % ) , respectively . the decrease was driven by 6% ( 6 % ) lower notebook platform average selling prices and 5% ( 5 % ) lower desktop platform unit sales . these decreases were partially offset by a 4% ( 4 % ) increase in desktop platform average selling prices and a 2% ( 2 % ) increase in notebook platform unit sales . table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
Question: what was the operating margin for the pc client group in 2013?
Answer:
|
0.35797
|
what was the operating margin for the pc client group in 2013?
|
{
"options": {
"A": "0.11827",
"B": "0.13106",
"C": "0.14840",
"D": "0.35797"
},
"goldenKey": "D"
}
|
{
"A": "0.11827",
"B": "0.13106",
"C": "0.14840",
"D": "0.35797"
}
|
D
|
finqa2009
|
Please answer the given financial question based on the context.
Context: issuer purchases of equity securities the following table provides information about purchases by us during the three months ended december 31 , 2013 of equity securities that are registered by us pursuant to section 12 of the exchange act : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) ( 2 ) dollar value of shares that may yet be purchased under the plans or programs ( 1 ) .
|period|total number of shares purchased ( 1 )|average price paid per share|total number of shares purchased as part of publicly announcedplans or programs ( 1 ) ( 2 )|dollar value of shares that may yet be purchased under the plans orprograms ( 1 )|
|october 2013|0|$ 0|0|$ 781118739|
|november 2013|1191867|98.18|1191867|664123417|
|december 2013|802930|104.10|802930|580555202|
|total|1994797|$ 100.56|1994797||
( 1 ) as announced on may 1 , 2013 , in april 2013 , the board of directors replaced its previously approved share repurchase authorization of up to $ 1 billion with a current authorization for repurchases of up to $ 1 billion of our common shares exclusive of shares repurchased in connection with employee stock plans , expiring on june 30 , 2015 . under the current share repurchase authorization , shares may be purchased from time to time at prevailing prices in the open market , by block purchases , or in privately-negotiated transactions , subject to certain regulatory restrictions on volume , pricing , and timing . as of february 1 , 2014 , the remaining authorized amount under the current authorization totaled approximately $ 580 million . ( 2 ) excludes 0.1 million shares repurchased in connection with employee stock plans. .
Question: what is the percentage of shares purchased in november concerning the whole 2013 year?
Answer:
|
0.59749
|
what is the percentage of shares purchased in november concerning the whole 2013 year?
|
{
"options": {
"A": "0.598",
"B": "0.597",
"C": "0.596",
"D": "0.595"
},
"goldenKey": "B"
}
|
{
"A": "0.598",
"B": "0.597",
"C": "0.596",
"D": "0.595"
}
|
B
|
finqa2010
|
Please answer the given financial question based on the context.
Context: the company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 . at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: .
|( in millions )|year|
|2011|$ 7.2|
|2012|8.2|
|2013|8.6|
|2014|9.5|
|2015|10.0|
|2016-2020|62.8|
savings plans . cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s . employees are participants and have the option to contribute to this plan . cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary . in addition , certain cme london-based employees are eligible to participate in a defined contribution plan . for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements . salary and cash bonuses paid are included in the definition of earnings . aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively . cme non-qualified plans . cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf . although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively . although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits . all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans . total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively . deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . nymexmembers 2019 retirement plan and benefits . nymex maintained a retirement and benefit plan under the commodities exchange , inc . ( comex ) members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 . at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million .
Question: what was the average 2010 and 2009 total liability for the mrrp , in millions?
Answer:
|
20.6
|
what was the average 2010 and 2009 total liability for the mrrp , in millions?
|
{
"options": {
"A": "20.7",
"B": "20.5",
"C": "20.6",
"D": "20.8"
},
"goldenKey": "C"
}
|
{
"A": "20.7",
"B": "20.5",
"C": "20.6",
"D": "20.8"
}
|
C
|
finqa2013
|
Please answer the given financial question based on the context.
Context: entergy arkansas , inc . management's financial discussion and analysis gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 114 million in gross wholesale revenue due to an increase in the average price of energy available for resale sales and an increase in sales to affiliated customers ; an increase of $ 106.1 million in production cost allocation rider revenues which became effective in july 2007 as a result of the system agreement proceedings . as a result of the system agreement proceedings , entergy arkansas also has a corresponding increase in deferred fuel expense for payments to other entergy system companies such that there is no effect on net income . entergy arkansas makes payments over a seven-month period but collections from customers occur over a twelve-month period . the production cost allocation rider is discussed in note 2 to the financial statements and the system agreement proceedings are referenced below under "federal regulation" ; and an increase of $ 58.9 million in fuel cost recovery revenues due to changes in the energy cost recovery rider effective april 2008 and september 2008 , partially offset by decreased usage . the energy cost recovery rider filings are discussed in note 2 to the financial statements . the increase was partially offset by a decrease of $ 14.6 million related to volume/weather , as discussed above . fuel and purchased power expenses increased primarily due to an increase of $ 106.1 million in deferred system agreement payments , as discussed above and an increase in the average market price of purchased power . 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
||amount ( in millions )|
|2006 net revenue|$ 1074.5|
|net wholesale revenue|13.2|
|transmission revenue|11.8|
|deferred fuel costs revisions|8.6|
|other|2.5|
|2007 net revenue|$ 1110.6|
the net wholesale revenue variance is primarily due to lower wholesale revenues in the third quarter 2006 due to an october 2006 ferc order requiring entergy arkansas to make a refund to a coal plant co-owner resulting from a contract dispute , in addition to re-pricing revisions , retroactive to 2003 , of $ 5.9 million of purchased power agreements among entergy system companies as directed by the ferc . the transmission revenue variance is primarily due to higher rates and the addition of new transmission customers in late 2006 . the deferred fuel cost revisions variance is primarily due to the 2006 energy cost recovery true-up , made in the first quarter 2007 , which increased net revenue by $ 6.6 million . gross operating revenue and fuel and purchased power expenses gross operating revenues decreased primarily due to a decrease of $ 173.1 million in fuel cost recovery revenues due to a decrease in the energy cost recovery rider effective april 2007 . the energy cost recovery rider is discussed in note 2 to the financial statements . the decrease was partially offset by production cost allocation rider revenues of $ 124.1 million that became effective in july 2007 as a result of the system agreement proceedings . as .
Question: what is the net change in net revenue during 2007 for entergy arkansas , inc.?
Answer:
|
36.1
|
what is the net change in net revenue during 2007 for entergy arkansas , inc.?
|
{
"options": {
"A": "36.1 million increase",
"B": "36.1 million decrease",
"C": "173.1 million increase",
"D": "173.1 million decrease"
},
"goldenKey": "A"
}
|
{
"A": "36.1 million increase",
"B": "36.1 million decrease",
"C": "173.1 million increase",
"D": "173.1 million decrease"
}
|
A
|
finqa2015
|
Please answer the given financial question based on the context.
Context: after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the personnel committee set the entergy achievement multiplier at 140% ( 140 % ) of target . under the terms of the executive incentive plan , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive ( including mr . denault and mr . smith , but not the other named executive officers ) , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether . in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee , through the exercise of negative discretion , a mechanism to take into consideration the specific achievement factors relating to the overall performance of entergy corporation . in january 2009 , the committee exercised its negative discretion to eliminate the management effectiveness factor , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management . the annual incentive award for the named executive officers ( other than mr . leonard , mr . denault and mr . smith ) is awarded from an incentive pool approved by the committee . from this pool , each named executive officer's supervisor determines the annual incentive payment based on the entergy achievement multiplier . the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance . the incentive awards are subject to the ultimate approval of entergy's chief executive officer . the following table shows the executive and management incentive plans payments as a percentage of base salary for 2008 : named exeutive officer target percentage base salary 2008 annual incentive award .
|named exeutive officer|target|percentage base salary|2008 annual incentive award|
|j . wayne leonard|120% ( 120 % )|168% ( 168 % )|$ 2169720|
|leo p . denault|70% ( 70 % )|98% ( 98 % )|$ 617400|
|richard j . smith|70% ( 70 % )|98% ( 98 % )|$ 632100|
|e . renae conley|60% ( 60 % )|102% ( 102 % )|$ 415000|
|hugh t . mcdonald|50% ( 50 % )|50% ( 50 % )|$ 160500|
|joseph f . domino|50% ( 50 % )|72% ( 72 % )|$ 230000|
|roderick k . west|40% ( 40 % )|80% ( 80 % )|$ 252000|
|haley fisackerly|40% ( 40 % )|46% ( 46 % )|$ 125700|
|theodore h . bunting jr .|60% ( 60 % )|117% ( 117 % )|$ 400023|
|carolyn shanks|50% ( 50 % )|72% ( 72 % )|$ 229134|
|jay a . lewis|40% ( 40 % )|60% ( 60 % )|$ 128505|
while ms . shanks and mr . lewis are no longer ceo-entergy mississippi and principal financial officer for the subsidiaries , respectively , ms . shanks continues to participate in the executive incentive plan , and mr . lewis continues to participate in the management incentive plan as they remain employees of entergy since the contemplated enexus separation has not occurred and enexus remains a subsidiary of entergy . nuclear retention plan some of entergy's executives , but not any of the named executive officers , participate in a special retention plan for officers and other leaders with special expertise in the nuclear industry . the committee authorized the plan to attract and retain management talent in the nuclear power field , a field which requires unique technical and other expertise that is in great demand in the utility industry . the plan provides for bonuses to be paid over a three-year employment period . subject to continued employment with a participating company , a participating employee is eligible to receive a special cash bonus consisting of three payments , each consisting of an amount from 15% ( 15 % ) to 30% ( 30 % ) of such participant's base salary. .
Question: what is the difference of annual incentive award between the top two highest paid executives?
Answer:
|
1537620.0
|
what is the difference of annual incentive award between the top two highest paid executives?
|
{
"options": {
"A": "1537620.0",
"B": "1547620.0",
"C": "1557620.0",
"D": "1567620.0"
},
"goldenKey": "A"
}
|
{
"A": "1537620.0",
"B": "1547620.0",
"C": "1557620.0",
"D": "1567620.0"
}
|
A
|
finqa2016
|
Please answer the given financial question based on the context.
Context: our international networks segment owns and operates the following television networks , which reached the following number of subscribers via pay television services as of december 31 , 2013 : global networks international subscribers ( millions ) regional networks international subscribers ( millions ) .
|global networks discovery channel|internationalsubscribers ( millions ) 271|regional networks discovery kids|internationalsubscribers ( millions ) 76|
|animal planet|200|sbs nordic ( a )|28|
|tlc real time and travel & living|162|dmax ( b )|16|
|discovery science|81|discovery history|14|
|investigation discovery|74|shed|12|
|discovery home & health|64|discovery en espanol ( u.s. )|5|
|turbo|52|discovery familia ( u.s. )|4|
|discovery world|23|gxt|4|
( a ) number of subscribers corresponds to the collective sum of the total number of subscribers to each of the sbs nordic broadcast networks in sweden , norway , and denmark subject to retransmission agreements with pay television providers . ( b ) number of subscribers corresponds to dmax pay television networks in the u.k. , austria , switzerland and ireland . our international networks segment also owns and operates free-to-air television networks which reached 285 million cumulative viewers in europe and the middle east as of december 31 , 2013 . our free-to-air networks include dmax , fatafeat , quest , real time , giallo , frisbee , focus and k2 . similar to u.s . networks , the primary sources of revenue for international networks are fees charged to operators who distribute our networks , which primarily include cable and dth satellite service providers , and advertising sold on our television networks . international television markets vary in their stages of development . some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies . common practice in some markets results in long-term contractual distribution relationships , while customers in other markets renew contracts annually . distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the agreements , and the market demand for the content that we provide . advertising revenue is dependent upon a number of factors including the development of pay and free-to-air television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over a group of channels . in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets . in developing television markets , we expect that advertising revenue growth will result from continued subscriber and viewership growth , our localization strategy , and the shift of advertising spending from traditional analog networks to channels in the multi-channel environment . in relatively mature markets , such as western europe , growth in advertising revenue will come from increasing viewership and pricing of advertising on our existing television networks and the launching of new services , both organic and through acquisitions . during 2013 , distribution , advertising and other revenues were 50% ( 50 % ) , 47% ( 47 % ) and 3% ( 3 % ) , respectively , of total net revenues for this segment . on january 21 , 2014 , we entered into an agreement with tf1 to acquire a controlling interest in eurosport international ( "eurosport" ) , a leading pan-european sports media platform , by increasing our ownership stake from 20% ( 20 % ) to 51% ( 51 % ) for cash of approximately 20ac253 million ( $ 343 million ) subject to working capital adjustments . due to regulatory constraints the acquisition initially excludes eurosport france , a subsidiary of eurosport . we will retain a 20% ( 20 % ) equity interest in eurosport france and a commitment to acquire another 31% ( 31 % ) ownership interest beginning 2015 , contingent upon resolution of all regulatory matters . the flagship eurosport network focuses on regionally popular sports such as tennis , skiing , cycling and motor sports and reaches 133 million homes across 54 countries in 20 languages . eurosport 2019s brands and platforms also include eurosport hd ( high definition simulcast ) , eurosport 2 , eurosport 2 hd ( high definition simulcast ) , eurosport asia-pacific , and eurosportnews . the acquisition is intended to increase the growth of eurosport and enhance our pay television offerings in europe . tf1 will have the right to put the entirety of its remaining 49% ( 49 % ) non-controlling interest to us for approximately two and a half years after completion of this acquisition . the put has a floor value equal to the fair value at the acquisition date if exercised in the 90 day period beginning on july 1 , 2015 and is subsequently priced at fair value if exercised in the 90 day period beginning on july 1 , 2016 . we expect the acquisition to close in the second quarter of 2014 subject to obtaining necessary regulatory approvals. .
Question: what was the difference in millions of international subscribers between discovery channel and animal planet?
Answer:
|
71.0
|
what was the difference in millions of international subscribers between discovery channel and animal planet?
|
{
"options": {
"A": "71.0",
"B": "129.0",
"C": "271.0",
"D": "200.0"
},
"goldenKey": "A"
}
|
{
"A": "71.0",
"B": "129.0",
"C": "271.0",
"D": "200.0"
}
|
A
|
finqa2017
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) | 72 snap-on incorporated following is a reconciliation of the beginning and ending amount of unrecognized tax benefits : ( amounts in millions ) amount .
|( amounts in millions )|amount|
|unrecognized tax benefits as of december 31 2006|$ 21.3|
|gross increases 2013 tax positions in prior periods|0.5|
|gross decreases 2013 tax positions in prior periods|-0.4 ( 0.4 )|
|gross increases 2013 tax positions in the current period|0.5|
|settlements with taxing authorities|-3.0 ( 3.0 )|
|lapsing of statutes of limitations|-0.2 ( 0.2 )|
|unrecognized tax benefits as of december 29 2007|$ 18.7|
of the $ 18.7 million of unrecognized tax benefits at the end of 2007 , approximately $ 16.2 million would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during the years ended december 29 , 2007 , december 30 , 2006 , and december 31 , 2005 , the company recognized approximately $ 1.2 million , $ 0.5 million and ( $ 0.5 ) million in net interest expense ( benefit ) , respectively . the company has provided for approximately $ 3.4 million , $ 2.2 million , and $ 1.7 million of accrued interest related to unrecognized tax benefits at the end of fiscal year 2007 , 2006 and 2005 , respectively . during the next 12 months , the company does not anticipate any significant changes to the total amount of unrecognized tax benefits , other than the accrual of additional interest expense in an amount similar to the prior year 2019s expense . with few exceptions , snap-on is no longer subject to u.s . federal and state/local income tax examinations by tax authorities for years prior to 2003 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2001 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 338.5 million , $ 247.4 million and $ 173.6 million at the end of fiscal 2007 , 2006 and 2005 , respectively . snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . the american jobs creation act of 2004 ( the 201cajca 201d ) created a one-time tax incentive for u.s . corporations to repatriate accumulated foreign earnings by providing a tax deduction of 85% ( 85 % ) of qualifying dividends received from foreign affiliates . under the provisions of the ajca , snap-on repatriated approximately $ 93 million of qualifying dividends in 2005 that resulted in additional income tax expense of $ 3.3 million for the year . note 9 : short-term and long-term debt notes payable and long-term debt as of december 29 , 2007 , was $ 517.9 million ; no commercial paper was outstanding at december 29 , 2007 . as of december 30 , 2006 , notes payable and long-term debt was $ 549.2 million , including $ 314.9 million of commercial paper . snap-on presented $ 300 million of the december 30 , 2006 , outstanding commercial paper as 201clong-term debt 201d on the accompanying december 30 , 2006 , consolidated balance sheet . on january 12 , 2007 , snap-on sold $ 300 million of unsecured notes consisting of $ 150 million of floating rate notes that mature on january 12 , 2010 , and $ 150 million of fixed rate notes that mature on january 15 , 2017 . interest on the floating rate notes accrues at a rate equal to the three-month london interbank offer rate plus 0.13% ( 0.13 % ) per year and is payable quarterly . interest on the fixed rate notes accrues at a rate of 5.50% ( 5.50 % ) per year and is payable semi-annually . snap-on used the proceeds from the sale of the notes , net of $ 1.5 million of transaction costs , to repay commercial paper obligations issued to finance the acquisition of business solutions . on january 12 , 2007 , the company also terminated a $ 250 million bridge credit agreement that snap-on established prior to its acquisition of business solutions. .
Question: what are the total earnings generated by non-us subsidiaries in the last three years?
Answer:
|
759.5
|
what are the total earnings generated by non-us subsidiaries in the last three years?
|
{
"options": {
"A": "338.5 million",
"B": "247.4 million",
"C": "173.6 million",
"D": "759.5 million"
},
"goldenKey": "D"
}
|
{
"A": "338.5 million",
"B": "247.4 million",
"C": "173.6 million",
"D": "759.5 million"
}
|
D
|
finqa2018
|
Please answer the given financial question based on the context.
Context: item 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 93% ( 93 % ) and 91% ( 91 % ) as of december 31 , 2012 and 2011 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
|as of december 31,|increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates|increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates|
|2012|$ -27.5 ( 27.5 )|$ 28.4|
|2011|-7.4 ( 7.4 )|7.7|
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . during 2012 , we entered into and exited forward-starting interest rate swap agreements to effectively lock in the benchmark rate related to our 3.75% ( 3.75 % ) senior notes due 2023 , which we issued in november 2012 . we do not have any interest rate swaps outstanding as of december 31 , 2012 . we had $ 2590.8 of cash , cash equivalents and marketable securities as of december 31 , 2012 that we generally invest in conservative , short-term investment-grade securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2012 and 2011 , we had interest income of $ 29.5 and $ 37.8 , respectively . based on our 2012 results , a 100 basis point increase or decrease in interest rates would affect our interest income by approximately $ 26.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2012 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the primary foreign currencies that impacted our results during 2012 were the brazilian real , euro , indian rupee and the south african rand . based on 2012 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase between 3% ( 3 % ) and 5% ( 5 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2012 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. .
Question: what was the ratio of the interest income from 2012 to 2011
Answer:
|
0.78042
|
what was the ratio of the interest income from 2012 to 2011
|
{
"options": {
"A": "0.78042",
"B": "0.783",
"C": "0.785",
"D": "0.788"
},
"goldenKey": "A"
}
|
{
"A": "0.78042",
"B": "0.783",
"C": "0.785",
"D": "0.788"
}
|
A
|
finqa2019
|
Please answer the given financial question based on the context.
Context: entergy mississippi , inc . management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 12.4 million primarily due to higher other operation and maintenance expenses , lower other income , and higher depreciation and amortization expenses , partially offset by higher net revenue . 2007 compared to 2006 net income increased $ 19.8 million primarily due to higher net revenue , lower other operation and maintenance expenses , higher other income , and lower interest expense , partially offset by higher depreciation and amortization expenses . net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
||amount ( in millions )|
|2007 net revenue|$ 486.9|
|attala costs|9.9|
|rider revenue|6.0|
|base revenue|5.1|
|reserve equalization|-2.4 ( 2.4 )|
|net wholesale revenue|-4.0 ( 4.0 )|
|other|-2.7 ( 2.7 )|
|2008 net revenue|$ 498.8|
the attala costs variance is primarily due to an increase in the attala power plant costs that are recovered through the power management rider . the net income effect of this recovery in limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes . the recovery of attala power plant costs is discussed further in "liquidity and capital resources - uses of capital" below . the rider revenue variance is the result of a storm damage rider that became effective in october 2007 . the establishment of this rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense for the storm reserve with no effect on net income . the base revenue variance is primarily due to a formula rate plan increase effective july 2007 . the formula rate plan filing is discussed further in "state and local rate regulation" below . the reserve equalization variance is primarily due to changes in the entergy system generation mix compared to the same period in 2007. .
Question: what is the net difference in net revenue in 2008 compare to 2007?
Answer:
|
11.9
|
what is the net difference in net revenue in 2008 compare to 2007?
|
{
"options": {
"A": "11.9",
"B": "12.4",
"C": "-11.9",
"D": "-12.4"
},
"goldenKey": "A"
}
|
{
"A": "11.9",
"B": "12.4",
"C": "-11.9",
"D": "-12.4"
}
|
A
|
finqa2020
|
Please answer the given financial question based on the context.
Context: other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : .
|2013|$ 516|
|2014|556|
|2015|542|
|2016|513|
|2017|486|
|thereafter|1801|
|total minimum lease payments|$ 4414|
other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
Question: what was the percentage change in rent expense under operating leases from 2010 to 2011?
Answer:
|
0.24723
|
what was the percentage change in rent expense under operating leases from 2010 to 2011?
|
{
"options": {
"A": "0.24723",
"B": "0.4414",
"C": "0.271",
"D": "0.338"
},
"goldenKey": "A"
}
|
{
"A": "0.24723",
"B": "0.4414",
"C": "0.271",
"D": "0.338"
}
|
A
|
finqa2021
|
Please answer the given financial question based on the context.
Context: undistributed earnings of $ 696.9 million from certain foreign subsidiaries are considered to be permanently reinvested abroad and will not be repatriated to the united states in the foreseeable future . because those earnings are considered to be indefinitely reinvested , no domestic federal or state deferred income taxes have been provided thereon . if we were to make a distribution of any portion of those earnings in the form of dividends or otherwise , we would be subject to both u.s . income taxes ( subject to an adjustment for foreign tax credits ) and withholding taxes payable to the various foreign jurisdictions . because of the availability of u.s . foreign tax credit carryforwards , it is not practicable to determine the domestic federal income tax liability that would be payable if such earnings were no longer considered to be reinvested indefinitely . a valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized . changes to our valuation allowance during the years ended may 31 , 2015 and 2014 are summarized below ( in thousands ) : .
|balance at may 31 2013|$ -28464 ( 28464 )|
|utilization of foreign net operating loss carryforwards|2822|
|allowance for foreign tax credit carryforward|18061|
|other|382|
|balance at may 31 2014|-7199 ( 7199 )|
|utilization of foreign net operating loss carryforwards|3387|
|other|-11 ( 11 )|
|balance at may 31 2015|$ -3823 ( 3823 )|
net operating loss carryforwards of foreign subsidiaries totaling $ 12.4 million and u.s . net operating loss carryforwards previously acquired totaling $ 19.8 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2033 if not utilized . capital loss carryforwards of u.s . subsidiaries totaling $ 4.7 million will expire if not utilized by may 31 , 2017 . tax credit carryforwards totaling $ 8.4 million at may 31 , 2015 will expire between may 31 , 2017 and may 31 , 2023 if not utilized . we conduct business globally and file income tax returns in the u.s . federal jurisdiction and various state and foreign jurisdictions . in the normal course of business , we are subject to examination by taxing authorities around the world . as a result of events that occurred in the fourth quarter of the year ended may 31 , 2015 , management concluded that it was more likely than not that the tax positions in a foreign jurisdiction , for which we had recorded estimated liabilities of $ 65.6 million in other noncurrent liabilities on our consolidated balance sheet , would be sustained on their technical merits based on information available as of may 31 , 2015 . therefore , the liability and corresponding deferred tax assets were eliminated as of may 31 , 2015 . the uncertain tax positions have been subject to an ongoing examination in that foreign jurisdiction by the tax authority . discussions and correspondence between the tax authority and us during the fourth quarter indicated that the likelihood of the positions being sustained had increased . subsequent to may 31 , 2015 , we received a final closure notice regarding the examination resulting in no adjustments to taxable income related to this matter for the tax returns filed for the periods ended may 31 , 2010 through may 31 , 2013 . the unrecognized tax benefits were effectively settled with this final closure notice . we are no longer subjected to state income tax examinations for years ended on or before may 31 , 2008 , u.s . federal income tax examinations for fiscal years prior to 2012 and united kingdom federal income tax examinations for years ended on or before may 31 , 2013 . 78 2013 global payments inc . | 2015 form 10-k annual report .
Question: what is the total net operating loss that must be utilized before expiration between may 31 , 2017 and may 31 , 2033?
Answer:
|
32.2
|
what is the total net operating loss that must be utilized before expiration between may 31 , 2017 and may 31 , 2033?
|
{
"options": {
"A": "12.4 million",
"B": "19.8 million",
"C": "32.2 million",
"D": "4.7 million"
},
"goldenKey": "C"
}
|
{
"A": "12.4 million",
"B": "19.8 million",
"C": "32.2 million",
"D": "4.7 million"
}
|
C
|
finqa2022
|
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 . 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 : hcn ) , 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 , canada and the united kingdom , 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 , 2016 ( dollars in thousands ) : type of property net operating income ( noi ) ( 1 ) percentage of number of properties .
|type of property|net operating income ( noi ) ( 1 )|percentage of noi|number of properties|
|triple-net|$ 1208860|50.3% ( 50.3 % )|631|
|seniors housing operating|814114|33.9% ( 33.9 % )|420|
|outpatient medical|380264|15.8% ( 15.8 % )|262|
|totals|$ 2403238|100.0% ( 100.0 % )|1313|
( 1 ) excludes our share of investments in unconsolidated entities and non-segment/corporate noi . entities in which we have a joint venture with a minority partner are shown at 100% ( 100 % ) of the joint venture amount . 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 and 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 customers/partners experience operating difficulties and become unable to generate sufficient cash to make payments 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 proactive and comprehensive 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 actively manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations , lease expirations , the mix of health service providers , hospital/health system relationships , property performance .
Question: by number of properties , outpatient medical was what percent of the total?
Answer:
|
0.19954
|
by number of properties , outpatient medical was what percent of the total?
|
{
"options": {
"A": "0.19954%",
"B": "0.158%",
"C": "0.339%",
"D": "0.503%"
},
"goldenKey": "A"
}
|
{
"A": "0.19954%",
"B": "0.158%",
"C": "0.339%",
"D": "0.503%"
}
|
A
|
finqa2024
|
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 difference between the high and low share price for the period?
Answer:
|
11.66
|
what was the difference between the high and low share price for the period?
|
{
"options": {
"A": "11.66",
"B": "11.75",
"C": "11.66",
"D": "11.41"
},
"goldenKey": "A"
}
|
{
"A": "11.66",
"B": "11.75",
"C": "11.66",
"D": "11.41"
}
|
A
|
finqa2025
|
Please answer the given financial question based on the context.
Context: s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
|for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages )|directamount|ceded to other companies|assumed from other companies|net amount|percentage of amount assumed to net|
|2010|$ 15780|$ 5792|$ 3516|$ 13504|26% ( 26 % )|
|2009|$ 15415|$ 5943|$ 3768|$ 13240|28% ( 28 % )|
|2008|$ 16087|$ 6144|$ 3260|$ 13203|25% ( 25 % )|
.
Question: in 2010 what was the ratio of the value of the direct amount of the premiums to the amount ceded to other companies
Answer:
|
2.72445
|
in 2010 what was the ratio of the value of the direct amount of the premiums to the amount ceded to other companies
|
{
"options": {
"A": "2.72445",
"B": "26%",
"C": "28%",
"D": "25%"
},
"goldenKey": "A"
}
|
{
"A": "2.72445",
"B": "26%",
"C": "28%",
"D": "25%"
}
|
A
|
finqa2026
|
Please answer the given financial question based on the context.
Context: .
|contractual obligations|2015|2016|2017|2018|2019|thereafter|total|
|long-term obligations excluding capital leases|888810|753045|700608|1787451|3159286|7188751|14477951|
|cash interest expense|550000|517000|485000|399000|315000|654000|2920000|
|capital lease payments ( including interest )|15589|14049|12905|12456|10760|173313|239072|
|total debt service obligations|1454399|1284094|1198513|2198907|3485046|8016064|17637023|
|operating lease payments ( 11 )|574438|553864|538405|519034|502847|4214600|6903188|
|other non-current liabilities ( 12 ) ( 13 )|11082|20480|5705|13911|4186|1860071|1915435|
|total|$ 2039919|$ 1858438|$ 1742623|$ 2731852|$ 3992079|$ 14090735|$ 26455646|
( 1 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2043 . ( 2 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2048 . ( 3 ) in connection with our acquisition of mipt on october 1 , 2013 , we assumed approximately $ 1.49 billion aggregate principal amount of secured notes , $ 250.0 million of which we repaid in august 2014 . the gtp notes have anticipated repayment dates beginning june 15 , 2016 . ( 4 ) assumed in connection with our acquisition of br towers and denominated in brl . the br towers debenture amortizes through october 2023 . the br towers credit facility amortizes through january 15 , ( 5 ) assumed by us in connection with the unison acquisition , and have anticipated repayment dates of april 15 , 2017 , april 15 , 2020 and april 15 , 2020 , respectively , and a final maturity date of april 15 , 2040 . ( 6 ) denominated in mxn . ( 7 ) denominated in zar and amortizes through march 31 , 2020 . ( 8 ) denominated in cop and amortizes through april 24 , 2021 . ( 9 ) reflects balances owed to our joint venture partners in ghana and uganda . the ghana loan is denominated in ghs and the uganda loan is denominated in usd . ( 10 ) on february 11 , 2015 , we redeemed all of the outstanding 4.625% ( 4.625 % ) notes in accordance with the terms thereof . ( 11 ) includes payments under non-cancellable initial terms , as well as payments for certain renewal periods at our option , which we expect to renew because failure to renew could result in a loss of the applicable communications sites and related revenues from tenant leases . ( 12 ) primarily represents our asset retirement obligations and excludes certain other non-current liabilities included in our consolidated balance sheet , primarily our straight-line rent liability for which cash payments are included in operating lease payments and unearned revenue that is not payable in cash . ( 13 ) excludes $ 26.6 million of liabilities for unrecognized tax positions and $ 24.9 million of accrued income tax related interest and penalties included in our consolidated balance sheet as we are uncertain as to when and if the amounts may be settled . settlement of such amounts could require the use of cash flows generated from operations . we expect the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe . however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , we are currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions . off-balance sheet arrangements . we have no material off-balance sheet arrangements as defined in item 303 ( a ) ( 4 ) ( ii ) of sec regulation s-k . interest rate swap agreements . we have entered into interest rate swap agreements to manage our exposure to variability in interest rates on debt in colombia and south africa . all of our interest rate swap agreements have been designated as cash flow hedges and have an aggregate notional amount of $ 79.9 million , interest rates ranging from 5.74% ( 5.74 % ) to 7.83% ( 7.83 % ) and expiration dates through april 2021 . in february 2014 , we repaid the costa rica loan and subsequently terminated the associated interest rate swap agreements . additionally , in connection with entering into the colombian credit facility in october 2014 , we terminated our pre-existing interest rate .
Question: what percentage of operating lease payments are due after 5 years?
Answer:
|
0.61053
|
what percentage of operating lease payments are due after 5 years?
|
{
"options": {
"A": "0.61053%",
"B": "0.6105%",
"C": "0.610%",
"D": "0.61%"
},
"goldenKey": "A"
}
|
{
"A": "0.61053%",
"B": "0.6105%",
"C": "0.610%",
"D": "0.61%"
}
|
A
|
finqa2027
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations in 2008 , sales to the segment 2019s top five customers represented approximately 45% ( 45 % ) of the segment 2019s net sales . the segment 2019s backlog was $ 2.3 billion at december 31 , 2008 , compared to $ 2.6 billion at december 31 , 2007 . in 2008 , our digital video customers significantly increased their purchases of the segment 2019s products and services , primarily due to increased demand for digital entertainment devices , particularly ip and hd/dvr devices . in february 2008 , the segment acquired the assets related to digital cable set-top products of zhejiang dahua digital technology co. , ltd and hangzhou image silicon ( known collectively as dahua digital ) , a developer , manufacturer and marketer of cable set-tops and related low-cost integrated circuits for the emerging chinese cable business . the acquisition helped the segment strengthen its position in the rapidly growing cable market in china . enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radios , wireless lan and security products , voice and data communications products and systems for private networks , wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of customers , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 2018 2018government and public safety market 2019 2019 ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 2018 2018commercial enterprise market 2019 2019 ) . in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2008 and 21% ( 21 % ) in 2007 . years ended december 31 percent change ( dollars in millions ) 2009 2008 2007 2009 20142008 2008 20142007 .
|( dollars in millions )|years ended december 31 2009|years ended december 31 2008|years ended december 31 2007|years ended december 31 2009 20142008|2008 20142007|
|segment net sales|$ 7008|$ 8093|$ 7729|( 13 ) % ( % )|5% ( 5 % )|
|operating earnings|1057|1496|1213|( 29 ) % ( % )|23% ( 23 % )|
segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.0 billion , a decrease of 13% ( 13 % ) compared to net sales of $ 8.1 billion in 2008 . the 13% ( 13 % ) decrease in net sales reflects a 21% ( 21 % ) decrease in net sales to the commercial enterprise market and a 10% ( 10 % ) decrease in net sales to the government and public safety market . the decrease in net sales to the commercial enterprise market reflects decreased net sales in all regions . the decrease in net sales to the government and public safety market was primarily driven by decreased net sales in emea , north america and latin america , partially offset by higher net sales in asia . the segment 2019s overall net sales were lower in north america , emea and latin america and higher in asia the segment had operating earnings of $ 1.1 billion in 2009 , a decrease of 29% ( 29 % ) compared to operating earnings of $ 1.5 billion in 2008 . the decrease in operating earnings was primarily due to a decrease in gross margin , driven by the 13% ( 13 % ) decrease in net sales and an unfavorable product mix . also contributing to the decrease in operating earnings was an increase in reorganization of business charges , relating primarily to higher employee severance costs . these factors were partially offset by decreased sg&a expenses and r&d expenditures , primarily related to savings from cost-reduction initiatives . as a percentage of net sales in 2009 as compared 2008 , gross margin decreased and r&d expenditures and sg&a expenses increased . net sales in north america continued to comprise a significant portion of the segment 2019s business , accounting for approximately 58% ( 58 % ) of the segment 2019s net sales in 2009 , compared to approximately 57% ( 57 % ) in 2008 . the regional shift in 2009 as compared to 2008 reflects a 16% ( 16 % ) decline in net sales outside of north america and a 12% ( 12 % ) decline in net sales in north america . the segment 2019s backlog was $ 2.4 billion at both december 31 , 2009 and december 31 , 2008 . in our government and public safety market , we see a continued emphasis on mission-critical communication and homeland security solutions . in 2009 , we led market innovation through the continued success of our mototrbo line and the delivery of the apx fffd family of products . while spending by end customers in the segment 2019s government and public safety market is affected by government budgets at the national , state and local levels , we continue to see demand for large-scale mission critical communications systems . in 2009 , we had significant wins across the globe , including several city and statewide communications systems in the united states , and continued success winning competitive projects with our tetra systems in europe , the middle east .
Question: how many sales did the north america account for in 2009?
Answer:
|
3994.56
|
how many sales did the north america account for in 2009?
|
{
"options": {
"A": "3994.56",
"B": "7008",
"C": "8093",
"D": "7729"
},
"goldenKey": "A"
}
|
{
"A": "3994.56",
"B": "7008",
"C": "8093",
"D": "7729"
}
|
A
|
finqa2028
|
Please answer the given financial question based on the context.
Context: on may 20 , 2015 , aon plc issued $ 600 million of 4.750% ( 4.750 % ) senior notes due may 2045 . the 4.750% ( 4.750 % ) notes due may 2045 are fully and unconditionally guaranteed by aon corporation . we used the proceeds of the issuance for general corporate purposes . on september 30 , 2015 , $ 600 million of 3.50% ( 3.50 % ) senior notes issued by aon corporation matured and were repaid . on november 13 , 2015 , aon plc issued $ 400 million of 2.80% ( 2.80 % ) senior notes due march 2021 . the 2.80% ( 2.80 % ) notes due march 2021 are fully and unconditionally guaranteed by aon corporation . we used the proceeds of the issuance for general corporate purposes . credit facilities as of december 31 , 2015 , we had two committed credit facilities outstanding : our $ 400 million u.s . credit facility expiring in march 2017 ( the "2017 facility" ) and $ 900 million multi-currency u.s . credit facility expiring in february 2020 ( the "2020 facility" ) . the 2020 facility was entered into on february 2 , 2015 and replaced the previous 20ac650 million european credit facility . each of these facilities is intended to support our commercial paper obligations and our general working capital needs . in addition , each of these facilities includes customary representations , warranties and covenants , including financial covenants that require us to maintain specified ratios of adjusted consolidated ebitda to consolidated interest expense and consolidated debt to adjusted consolidated ebitda , tested quarterly . at december 31 , 2015 , we did not have borrowings under either the 2017 facility or the 2020 facility , and we were in compliance with the financial covenants and all other covenants contained therein during the twelve months ended december 31 , 2015 . effective february 2 , 2016 , the 2020 facility terms were extended for 1 year and will expire in february 2021 our total debt-to-ebitda ratio at december 31 , 2015 and 2014 , is calculated as follows: .
|years ended december 31,|2015|2014|
|net income|1422|1431|
|interest expense|273|255|
|income taxes|267|334|
|depreciation of fixed assets|229|242|
|amortization of intangible assets|314|352|
|total ebitda|2505|2614|
|total debt|5737|5582|
|total debt-to-ebitda ratio|2.3|2.1|
we use ebitda , as defined by our financial covenants , as a non-gaap measure . this supplemental information related to ebitda represents a measure not in accordance with u.s . gaap and should be viewed in addition to , not instead of , our consolidated financial statements and notes thereto . shelf registration statement on september 3 , 2015 , we filed a shelf registration statement with the sec , registering the offer and sale from time to time of an indeterminate amount of , among other securities , debt securities , preference shares , class a ordinary shares and convertible securities . our ability to access the market as a source of liquidity is dependent on investor demand , market conditions and other factors. .
Question: what was the ratio of the 2017 credit facility to the 2020 credit facility
Answer:
|
2.25
|
what was the ratio of the 2017 credit facility to the 2020 credit facility
|
{
"options": {
"A": "1.75",
"B": "2.00",
"C": "2.25",
"D": "2.50"
},
"goldenKey": "C"
}
|
{
"A": "1.75",
"B": "2.00",
"C": "2.25",
"D": "2.50"
}
|
C
|
finqa2029
|
Please answer the given financial question based on the context.
Context: schlumberger limited and subsidiaries shares of common stock issued in treasury shares outstanding ( stated in millions ) .
||issued|in treasury|shares outstanding|
|balance january 1 2008|1334|-138 ( 138 )|1196|
|shares sold to optionees less shares exchanged|2013|5|5|
|shares issued under employee stock purchase plan|2013|2|2|
|stock repurchase program|2013|-21 ( 21 )|-21 ( 21 )|
|issued on conversions of debentures|2013|12|12|
|balance december 31 2008|1334|-140 ( 140 )|1194|
|shares sold to optionees less shares exchanged|2013|4|4|
|vesting of restricted stock|2013|1|1|
|shares issued under employee stock purchase plan|2013|4|4|
|stock repurchase program|2013|-8 ( 8 )|-8 ( 8 )|
|balance december 31 2009|1334|-139 ( 139 )|1195|
|acquisition of smith international inc .|100|76|176|
|shares sold to optionees less shares exchanged|2013|6|6|
|shares issued under employee stock purchase plan|2013|3|3|
|stock repurchase program|2013|-27 ( 27 )|-27 ( 27 )|
|issued on conversions of debentures|2013|8|8|
|balance december 31 2010|1434|-73 ( 73 )|1361|
see the notes to consolidated financial statements part ii , item 8 .
Question: what was the average beginning and ending balance of shares in millions outstanding during 2010?
Answer:
|
1278.0
|
what was the average beginning and ending balance of shares in millions outstanding during 2010?
|
{
"options": {
"A": "1196.0",
"B": "1194.0",
"C": "1195.0",
"D": "1278.0"
},
"goldenKey": "D"
}
|
{
"A": "1196.0",
"B": "1194.0",
"C": "1195.0",
"D": "1278.0"
}
|
D
|
finqa2031
|
Please answer the given financial question based on the context.
Context: strategy our mission is to achieve sustainable revenue and earnings growth through providing superior solutions to our customers . our strategy to achieve this has been and will continue to be built on the following pillars : 2022 expand client relationships 2014 the overall market we serve continues to gravitate beyond single-product purchases to multi-solution partnerships . as the market dynamics shift , we expect our clients to rely more on our multidimensional service offerings . our leveraged solutions and processing expertise can drive meaningful value and cost savings to our clients through more efficient operating processes , improved service quality and speed for our clients' customers . 2022 buy , build or partner to add solutions to cross-sell 2014 we continue to invest in growth through internal product development , as well as through product-focused or market-centric acquisitions that complement and extend our existing capabilities and provide us with additional solutions to cross-sell . we also partner from time to time with other entities to provide comprehensive offerings to our customers . by investing in solution innovation and integration , we continue to expand our value proposition to clients . 2022 support our clients through market transformation 2014 the changing market dynamics are transforming the way our clients operate , which is driving incremental demand for our leveraged solutions , consulting expertise , and services around intellectual property . our depth of services capabilities enables us to become involved earlier in the planning and design process to assist our clients as they manage through these changes . 2022 continually improve to drive margin expansion 2014 we strive to optimize our performance through investments in infrastructure enhancements and other measures that are designed to drive organic revenue growth and margin expansion . 2022 build global diversification 2014 we continue to deploy resources in emerging global markets where we expect to achieve meaningful scale . revenues by segment the table below summarizes the revenues by our reporting segments ( in millions ) : .
||2012|2011|2010|
|fsg|$ 2246.4|$ 2076.8|$ 1890.8|
|psg|2380.6|2372.1|2354.2|
|isg|1180.5|1177.6|917.0|
|corporate & other|0.1|-0.9 ( 0.9 )|-16.4 ( 16.4 )|
|total consolidated revenues|$ 5807.6|$ 5625.6|$ 5145.6|
financial solutions group the focus of fsg is to provide the most comprehensive software and services for the core processing , customer channel , treasury services , cash management , wealth management and capital market operations of our financial institution customers in north america . we service the core and related ancillary processing needs of north american banks , credit unions , automotive financial companies , commercial lenders , and independent community and savings institutions . fis offers a broad selection of in-house and outsourced solutions to banking customers that span the range of asset sizes . fsg customers are typically committed under multi-year contracts that provide a stable , recurring revenue base and opportunities for cross-selling additional financial and payments offerings . we employ several business models to provide our solutions to our customers . we typically deliver the highest value to our customers when we combine our software applications and deliver them in one of several types of outsourcing arrangements , such as an application service provider , facilities management processing or an application management arrangement . we are also able to deliver individual applications through a software licensing arrangement . based upon our expertise gained through the foregoing arrangements , some clients also retain us to manage their it operations without using any of our proprietary software . our solutions in this segment include: .
Question: what percent of total consolidate revenue was the psg segment in 2011?
Answer:
|
0.42166
|
what percent of total consolidate revenue was the psg segment in 2011?
|
{
"options": {
"A": "42.166%",
"B": "4.2166%",
"C": "0.42166%",
"D": "0.042166%"
},
"goldenKey": "C"
}
|
{
"A": "42.166%",
"B": "4.2166%",
"C": "0.42166%",
"D": "0.042166%"
}
|
C
|
finqa2034
|
Please answer the given financial question based on the context.
Context: performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 77787 common stockholders of record as of january 31 , 2017 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2016 . the graph and table assume that $ 100 was invested on december 31 , 2011 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
|date|citi|s&p 500|s&p financials|
|31-dec-2011|100.0|100.0|100.0|
|31-dec-2012|150.6|116.0|128.8|
|31-dec-2013|198.5|153.6|174.7|
|31-dec-2014|206.3|174.6|201.3|
|31-dec-2015|197.8|177.0|198.2|
|31-dec-2016|229.3|198.2|243.4|
.
Question: in 2016 what was the ratio of the five-year cumulative total return for citi compared to s&p 500
Answer:
|
1.3167
|
in 2016 what was the ratio of the five-year cumulative total return for citi compared to s&p 500
|
{
"options": {
"A": "0.7589",
"B": "1.3167",
"C": "1.4567",
"D": "1.7892"
},
"goldenKey": "B"
}
|
{
"A": "0.7589",
"B": "1.3167",
"C": "1.4567",
"D": "1.7892"
}
|
B
|
finqa2035
|
Please answer the given financial question based on the context.
Context: each clearing firm is required to deposit and maintain balances in the form of cash , u.s . government securities , certain foreign government securities , bank letters of credit or other approved investments to satisfy performance bond and guaranty fund requirements . all non-cash deposits are marked-to-market and haircut on a daily basis . securities deposited by the clearing firms are not reflected in the consolidated financial statements and the clearing house does not earn any interest on these deposits . these balances may fluctuate significantly over time due to investment choices available to clearing firms and changes in the amount of contributions required . in addition , the rules and regulations of cbot require that collateral be provided for delivery of physical commodities , maintenance of capital requirements and deposits on pending arbitration matters . to satisfy these requirements , clearing firms that have accounts that trade certain cbot products have deposited cash , u.s . treasury securities or letters of credit . the clearing house marks-to-market open positions at least once a day ( twice a day for futures and options contracts ) , and require payment from clearing firms whose positions have lost value and make payments to clearing firms whose positions have gained value . the clearing house has the capability to mark-to-market more frequently as market conditions warrant . under the extremely unlikely scenario of simultaneous default by every clearing firm who has open positions with unrealized losses , the maximum exposure related to positions other than credit default and interest rate swap contracts would be one half day of changes in fair value of all open positions , before considering the clearing houses 2019 ability to access defaulting clearing firms 2019 collateral deposits . for cleared credit default swap and interest rate swap contracts , the maximum exposure related to cme 2019s guarantee would be one full day of changes in fair value of all open positions , before considering cme 2019s ability to access defaulting clearing firms 2019 collateral . during 2017 , the clearing house transferred an average of approximately $ 2.4 billion a day through the clearing system for settlement from clearing firms whose positions had lost value to clearing firms whose positions had gained value . the clearing house reduces the guarantee exposure through initial and maintenance performance bond requirements and mandatory guaranty fund contributions . the company believes that the guarantee liability is immaterial and therefore has not recorded any liability at december 31 , 2017 . at december 31 , 2016 , performance bond and guaranty fund contribution assets on the consolidated balance sheets included cash as well as u.s . treasury and u.s . government agency securities with maturity dates of 90 days or less . the u.s . treasury and u.s . government agency securities were purchased by cme , at its discretion , using cash collateral . the benefits , including interest earned , and risks of ownership accrue to cme . interest earned is included in investment income on the consolidated statements of income . there were no u.s . treasury and u.s . government agency securities held at december 31 , 2017 . the amortized cost and fair value of these securities at december 31 , 2016 were as follows : ( in millions ) amortized .
|( in millions )|2016 amortizedcost|2016 fairvalue|
|u.s . treasury securities|$ 5548.9|$ 5549.0|
|u.s . government agency securities|1228.3|1228.3|
cme has been designated as a systemically important financial market utility by the financial stability oversight council and maintains a cash account at the federal reserve bank of chicago . at december 31 , 2017 and december 31 , 2016 , cme maintained $ 34.2 billion and $ 6.2 billion , respectively , within the cash account at the federal reserve bank of chicago . clearing firms , at their option , may instruct cme to deposit the cash held by cme into one of the ief programs . the total principal in the ief programs was $ 1.1 billion at december 31 , 2017 and $ 6.8 billion at december 31 .
Question: what was total amount of cash held by the federal reserve bank of chicago on behalf of the cme , including cash accounts and ief programs on december 31st , 2016?
Answer:
|
13.0
|
what was total amount of cash held by the federal reserve bank of chicago on behalf of the cme , including cash accounts and ief programs on december 31st , 2016?
|
{
"options": {
"A": "6.2 billion",
"B": "34.2 billion",
"C": "13.0 billion",
"D": "1.1 billion"
},
"goldenKey": "C"
}
|
{
"A": "6.2 billion",
"B": "34.2 billion",
"C": "13.0 billion",
"D": "1.1 billion"
}
|
C
|
finqa2036
|
Please answer the given financial question based on the context.
Context: mill in the fourth quarter of 2008 . this compares with 635000 tons of total downtime in 2008 of which 305000 tons were lack-of-order downtime . printing papers in millions 2009 2008 2007 .
|in millions|2009|2008|2007|
|sales|$ 5680|$ 6810|$ 6530|
|operating profit|1091|474|839|
north american printing papers net sales in 2009 were $ 2.8 billion compared with $ 3.4 billion in 2008 and $ 3.5 billion in 2007 . operating earnings in 2009 were $ 746 million ( $ 307 million excluding alter- native fuel mixture credits and plant closure costs ) compared with $ 405 million ( $ 435 million excluding shutdown costs for a paper machine ) in 2008 and $ 415 million in 2007 . sales volumes decreased sig- nificantly in 2009 compared with 2008 reflecting weak customer demand and reduced production capacity resulting from the shutdown of a paper machine at the franklin mill in december 2008 and the conversion of the bastrop mill to pulp production in june 2008 . average sales price realizations were lower reflecting slight declines for uncoated freesheet paper in domestic markets and significant declines in export markets . margins were also unfavorably affected by a higher proportion of shipments to lower-margin export markets . input costs , however , were favorable due to lower wood and chemical costs and sig- nificantly lower energy costs . freight costs were also lower . planned maintenance downtime costs in 2009 were comparable with 2008 . operating costs were favorable , reflecting cost control efforts and strong machine performance . lack-of-order downtime increased to 525000 tons in 2009 , including 120000 tons related to the shutdown of a paper machine at our franklin mill in the 2008 fourth quarter , from 135000 tons in 2008 . operating earnings in 2009 included $ 671 million of alternative fuel mixture cred- its , $ 223 million of costs associated with the shutdown of our franklin mill and $ 9 million of other shutdown costs , while operating earnings in 2008 included $ 30 million of costs for the shutdown of a paper machine at our franklin mill . looking ahead to 2010 , first-quarter sales volumes are expected to increase slightly from fourth-quarter 2009 levels . average sales price realizations should be higher , reflecting the full-quarter impact of sales price increases announced in the fourth quarter for converting and envelope grades of uncoated free- sheet paper and an increase in prices to export markets . however , input costs for wood , energy and chemicals are expected to continue to increase . planned maintenance downtime costs should be lower and operating costs should be favorable . brazil ian papers net sales for 2009 of $ 960 mil- lion increased from $ 950 million in 2008 and $ 850 million in 2007 . operating profits for 2009 were $ 112 million compared with $ 186 million in 2008 and $ 174 million in 2007 . sales volumes increased in 2009 compared with 2008 for both paper and pulp reflect- ing higher export shipments . average sales price realizations were lower due to strong competitive pressures in the brazilian domestic market in the second half of the year , lower export prices and unfavorable foreign exchange rates . margins were unfavorably affected by a higher proportion of lower margin export sales . input costs for wood and chem- icals were favorable , but these benefits were partially offset by higher energy costs . planned maintenance downtime costs were lower , and operating costs were also favorable . earnings in 2009 were adversely impacted by unfavorable foreign exchange effects . entering 2010 , sales volumes are expected to be seasonally lower compared with the fourth quarter of 2009 . profit margins are expected to be slightly higher reflecting a more favorable geographic sales mix and improving sales price realizations in export markets , partially offset by higher planned main- tenance outage costs . european papers net sales in 2009 were $ 1.3 bil- lion compared with $ 1.7 billion in 2008 and $ 1.5 bil- lion in 2007 . operating profits in 2009 of $ 92 million ( $ 115 million excluding expenses associated with the closure of the inverurie mill ) compared with $ 39 mil- lion ( $ 146 million excluding a charge to reduce the carrying value of the fixed assets at the inverurie , scotland mill to their estimated realizable value ) in 2008 and $ 171 million in 2007 . sales volumes in 2009 were lower than in 2008 primarily due to reduced sales of uncoated freesheet paper following the closure of the inverurie mill in 2009 . average sales price realizations decreased significantly in 2009 across most of western europe , but margins increased in poland and russia reflecting the effect of local currency devaluations . input costs were favorable as lower wood costs , particularly in russia , were only partially offset by higher energy costs in poland and higher chemical costs . planned main- tenance downtime costs were higher in 2009 than in 2008 , while manufacturing operating costs were lower . operating profits in 2009 also reflect favorable foreign exchange impacts . looking ahead to 2010 , sales volumes are expected to decline from strong 2009 fourth-quarter levels despite solid customer demand . average sales price realizations are expected to increase over the quar- ter , primarily in eastern europe , as price increases .
Question: north american printing papers net sales where what percent of total printing paper sales in 2009?
Answer:
|
0.49296
|
north american printing papers net sales where what percent of total printing paper sales in 2009?
|
{
"options": {
"A": "0.49296",
"B": "0.8232",
"C": "0.2352",
"D": "0.6784"
},
"goldenKey": "A"
}
|
{
"A": "0.49296",
"B": "0.8232",
"C": "0.2352",
"D": "0.6784"
}
|
A
|
finqa2037
|
Please answer the given financial question based on the context.
Context: global brand concepts american living launched exclusively at jcpenney in february 2008 , american living is a new tradition in american style for family and home , developed for the jcpenney customer by polo ralph lauren 2019s global brand concepts . american living features menswear , womenswear , childrenswear , accessories and home furnishings capturing the american spirit with modern style and superior quality . a complete lifestyle brand for the entire family and the home , american living mixes sporty , iconic essentials with eye-catching looks for a free-spirited take on contemporary style for every day . american living is available exclusively at jcpenney and jcp.com . chaps translates the classic heritage and timeless aesthetic of ralph lauren into an accessible line for men , women , children and the home . from casual basics designed for versatility and ease of wear to smart , finely tailored silhouettes perfect for business and more formal occasions , chaps creates interchangeable classics that are both enduring and affordable . the chaps men 2019s collection is available at select department and specialty stores . the chaps collections for women , children and the home are available only at kohl 2019s and kohls.com . our wholesale segment our wholesale segment sells our products to leading upscale and certain mid-tier department stores , specialty stores and golf and pro shops , both domestically and internationally . we have focused on elevating our brand and improving productivity by reducing the number of unproductive doors within department stores in which our products are sold , improving in-store product assortment and presentation , and improving full-price sell-throughs to consumers . as of the end of fiscal 2009 , our ralph lauren-branded products were sold through approximately 6100 doors worldwide and during fiscal 2009 , we invested approximately $ 35 million in related shop-within-shops primarily in domestic and international department and specialty stores . department stores are our major wholesale customers in north america . in europe , our wholesale sales are a varying mix of sales to both department stores and specialty shops , depending on the country . our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label collection and black label 2014 are distributed through a limited number of premier fashion retailers . in addition , we sell excess and out- of-season products through secondary distribution channels , including our retail factory stores . in japan , our products are distributed primarily through shop-within-shops at premiere department stores . the mix of business is weighted to polo ralph lauren in men 2019s and women 2019s blue label . the distribution of men 2019s and women 2019s black label is also expanding through shop-within-shop presentations in top tier department stores across japan . worldwide distribution channels the following table presents the approximate 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 28 , 2009 : location number of doors ( a ) .
|location|number of doors ( a )|
|united states and canada|2104|
|europe|3873|
|japan|120|
|total|6097|
( a ) in asia/pacific ( excluding japan ) , our products are distributed by our licensing partners. .
Question: what percentage of worldwide distribution channels doors were located in europe?
Answer:
|
0.63523
|
what percentage of worldwide distribution channels doors were located in europe?
|
{
"options": {
"A": "0.345",
"B": "0.532",
"C": "0.635",
"D": "0.782"
},
"goldenKey": "C"
}
|
{
"A": "0.345",
"B": "0.532",
"C": "0.635",
"D": "0.782"
}
|
C
|
finqa2038
|
Please answer the given financial question based on the context.
Context: corporate income taxes other than withholding taxes on certain investment income and premium excise taxes . if group or its bermuda subsidiaries were to become subject to u.s . income tax , there could be a material adverse effect on the company 2019s financial condition , results of operations and cash flows . united kingdom . bermuda re 2019s uk branch conducts business in the uk and is subject to taxation in the uk . bermuda re believes that it has operated and will continue to operate its bermuda operation in a manner which will not cause them to be subject to uk taxation . if bermuda re 2019s bermuda operations were to become subject to uk income tax , there could be a material adverse impact on the company 2019s financial condition , results of operations and cash flow . ireland . holdings ireland and ireland re conduct business in ireland and are subject to taxation in ireland . available information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2013|$ 195.0|
|2012|410.0|
|2011|1300.4|
|2010|571.1|
|2009|67.4|
.
Question: what are the total pre-tax catastrophe losses in the last two years?
Answer:
|
605.0
|
what are the total pre-tax catastrophe losses in the last two years?
|
{
"options": {
"A": "605.0",
"B": "805.0",
"C": "1005.0",
"D": "1205.0"
},
"goldenKey": "A"
}
|
{
"A": "605.0",
"B": "805.0",
"C": "1005.0",
"D": "1205.0"
}
|
A
|
finqa2040
|
Please answer the given financial question based on the context.
Context: the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2014 estimated expense as a baseline . table 29 : pension expense 2013 sensitivity analysis change in assumption ( a ) estimated increase/ ( decrease ) to 2014 pension expense ( in millions ) .
|change in assumption ( a )|estimated increase/ ( decrease ) to 2014 pension expense ( in millions )|
|.5% ( .5 % ) decrease in discount rate|$ -2 ( 2 )|
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 21|
|.5% ( .5 % ) increase in compensation rate|$ 1|
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we do not expect to be required by law to make any contributions to the plan during 2014 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . recourse and repurchase obligations as discussed in note 3 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements in item 8 of this report , pnc has sold commercial mortgage , residential mortgage and home equity loans directly or indirectly through securitization and loan sale transactions in which we have continuing involvement . one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets . commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing ( dus ) program . we participated in a similar program with the fhlmc . our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment . for more information regarding our commercial mortgage loan recourse obligations , see the recourse and repurchase obligations section of note 24 commitments and guarantees included in the notes to consolidated financial statements in item 8 of this report . residential mortgage repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors . these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements . residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and loan sale transactions . as discussed in note 3 in the notes to consolidated financial statements in item 8 of this report , agency securitizations consist of mortgage loan sale transactions with fnma , fhlmc and the government national mortgage association ( gnma ) , while non-agency securitizations consist of mortgage loan sale transactions with private investors . mortgage loan sale transactions that are not part of a securitization may involve fnma , fhlmc or private investors . our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal . repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment . loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans that are of sufficient investment quality . key aspects of such covenants and representations and warranties include the loan 2019s compliance with any applicable loan criteria established for the transaction , including underwriting standards , delivery of all required loan documents to the investor or its designated party , sufficient collateral valuation and the validity of the lien securing the loan . as a result of alleged breaches of these contractual obligations , investors may request pnc to indemnify them against losses on certain loans or to repurchase loans . we investigate every investor claim on a loan by loan basis to determine the existence of a legitimate claim and that all other conditions for indemnification or repurchase have been met prior to the settlement with that investor . indemnifications for loss or loan repurchases typically occur when , after review of the claim , we agree insufficient evidence exists to dispute the investor 2019s claim that a breach of a loan covenant and representation and warranty has occurred , such breach has not been cured and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan . depending on the sale agreement and upon proper notice from the investor , we typically respond to such indemnification and repurchase requests within 60 days , although final resolution of the claim may take a longer period of time . with the exception of the sales agreements associated the pnc financial services group , inc . 2013 form 10-k 67 .
Question: what is the difference in millions on the pension expense effect of a .5% ( .5 % ) decrease in expected long-term return on assets compared to a .5% ( .5 % ) increase in compensation rate?
Answer:
|
20.0
|
what is the difference in millions on the pension expense effect of a .5% ( .5 % ) decrease in expected long-term return on assets compared to a .5% ( .5 % ) increase in compensation rate?
|
{
"options": {
"A": "19.0",
"B": "20.0",
"C": "21.0",
"D": "22.0"
},
"goldenKey": "B"
}
|
{
"A": "19.0",
"B": "20.0",
"C": "21.0",
"D": "22.0"
}
|
B
|
finqa2041
|
Please answer the given financial question based on the context.
Context: in asset positions , which totaled $ 41.2 million at june 30 , 2009 . to manage this risk , we have established strict counterparty credit guidelines that are continually monitored and reported to management . accordingly , management believes risk of loss under these hedging contracts is remote . certain of our derivative fi nancial instruments contain credit-risk-related contingent features . as of june 30 , 2009 , we were in compliance with such features and there were no derivative financial instruments with credit-risk-related contingent features that were in a net liability position . the est{e lauder companies inc . 111 market risk we use a value-at-risk model to assess the market risk of our derivative fi nancial instruments . value-at-risk rep resents the potential losses for an instrument or portfolio from adverse changes in market factors for a specifi ed time period and confi dence level . we estimate value- at-risk across all of our derivative fi nancial instruments using a model with historical volatilities and correlations calculated over the past 250-day period . the high , low and average measured value-at-risk for the twelve months ended june 30 , 2009 and 2008 related to our foreign exchange and interest rate contracts are as follows: .
|( in millions )|june 30 2009 high|june 30 2009 low|june 30 2009 average|june 30 2009 high|june 30 2009 low|average|
|foreign exchange contracts|$ 28.4|$ 14.2|$ 21.6|$ 18.8|$ 5.3|$ 11.3|
|interest rate contracts|34.3|23.0|29.5|28.8|12.6|20.0|
the change in the value-at-risk measures from the prior year related to our foreign exchange contracts refl ected an increase in foreign exchange volatilities and a different portfolio mix . the change in the value-at-risk measures from the prior year related to our interest rate contracts refl ected higher interest rate volatilities . the model esti- mates were made assuming normal market conditions and a 95 percent confi dence level . we used a statistical simulation model that valued our derivative fi nancial instruments against one thousand randomly generated market price paths . our calculated value-at-risk exposure represents an esti mate of reasonably possible net losses that would be recognized on our portfolio of derivative fi nancial instru- ments assuming hypothetical movements in future market rates and is not necessarily indicative of actual results , which may or may not occur . it does not represent the maximum possible loss or any expected loss that may occur , since actual future gains and losses will differ from those estimated , based upon actual fl uctuations in market rates , operating exposures , and the timing thereof , and changes in our portfolio of derivative fi nancial instruments during the year . we believe , however , that any such loss incurred would be offset by the effects of market rate movements on the respective underlying transactions for which the deriva- tive fi nancial instrument was intended . off-balance sheet arrangements we do not maintain any off-balance sheet arrangements , transactions , obligations or other relationships with unconsolidated entities that would be expected to have a material current or future effect upon our fi nancial condi- tion or results of operations . recently adopted accounting standards in may 2009 , the financial accounting standards board ( 201cfasb 201d ) issued statement of financial accounting standards ( 201csfas 201d ) no . 165 , 201csubsequent events 201d ( 201csfas no . 165 201d ) . sfas no . 165 requires the disclosure of the date through which an entity has evaluated subsequent events for potential recognition or disclosure in the fi nan- cial statements and whether that date represents the date the fi nancial statements were issued or were available to be issued . this standard also provides clarifi cation about circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its fi nancial statements and the disclosures that an entity should make about events or transactions that occurred after the balance sheet date . this standard is effective for interim and annual periods beginning with our fi scal year ended june 30 , 2009 . the adoption of this standard did not have a material impact on our consoli- dated fi nancial statements . in march 2008 , the fasb issued sfas no . 161 , 201cdisclosures about derivative instruments and hedging activities 2014 an amendment of fasb statement no . 133 201d ( 201csfas no . 161 201d ) . sfas no . 161 requires companies to provide qualitative disclosures about their objectives and strategies for using derivative instruments , quantitative disclosures of the fair values of , and gains and losses on , these derivative instruments in a tabular format , as well as more information about liquidity by requiring disclosure of a derivative contract 2019s credit-risk-related contingent .
Question: considering the foreign exchange contracts , what is the difference between its average during 2008 and 2009?
Answer:
|
10.3
|
considering the foreign exchange contracts , what is the difference between its average during 2008 and 2009?
|
{
"options": {
"A": "7.3",
"B": "10.3",
"C": "13.3",
"D": "16.3"
},
"goldenKey": "B"
}
|
{
"A": "7.3",
"B": "10.3",
"C": "13.3",
"D": "16.3"
}
|
B
|
finqa2044
|
Please answer the given financial question based on the context.
Context: other income and expense for the three fiscal years ended september 28 , 2002 are as follows ( in millions ) : gains and losses on non-current investments investments categorized as non-current debt and equity investments on the consolidated balance sheet are in equity and debt instruments of public companies . the company's non-current debt and equity investments , and certain investments in private companies carried in other assets , have been categorized as available-for-sale requiring that they be carried at fair value with unrealized gains and losses , net of taxes , reported in equity as a component of accumulated other comprehensive income . however , the company recognizes an impairment charge to earnings in the event a decline in fair value below the cost basis of one of these investments is determined to be other-than-temporary . the company includes recognized gains and losses resulting from the sale or from other-than-temporary declines in fair value associated with these investments in other income and expense . further information related to the company's non-current debt and equity investments may be found in part ii , item 8 of this form 10-k at note 2 of notes to consolidated financial statements . during 2002 , the company determined that declines in the fair value of certain of these investments were other-than-temporary . as a result , the company recognized a $ 44 million charge to earnings to write-down the basis of its investment in earthlink , inc . ( earthlink ) , a $ 6 million charge to earnings to write-down the basis of its investment in akamai technologies , inc . ( akamai ) , and a $ 15 million charge to earnings to write-down the basis of its investment in a private company investment . these losses in 2002 were partially offset by the sale of 117000 shares of earthlink stock for net proceeds of $ 2 million and a gain before taxes of $ 223000 , the sale of 250000 shares of akamai stock for net proceeds of $ 2 million and a gain before taxes of $ 710000 , and the sale of approximately 4.7 million shares of arm holdings plc ( arm ) stock for both net proceeds and a gain before taxes of $ 21 million . during 2001 , the company sold a total of approximately 1 million shares of akamai stock for net proceeds of $ 39 million and recorded a gain before taxes of $ 36 million , and sold a total of approximately 29.8 million shares of arm stock for net proceeds of $ 176 million and recorded a gain before taxes of $ 174 million . these gains during 2001 were partially offset by a $ 114 million charge to earnings that reflected an other- than-temporary decline in the fair value of the company's investment in earthlink and an $ 8 million charge that reflected an other-than- temporary decline in the fair value of certain private company investments . during 2000 , the company sold a total of approximately 45.2 million shares of arm stock for net proceeds of $ 372 million and a gain before taxes of $ 367 million . the combined carrying value of the company's investments in earthlink , akamai , and arm as of september 28 , 2002 , was $ 39 million . the company believes it is likely there will continue to be significant fluctuations in the fair value of these investments in the future . accounting for derivatives and cumulative effect of accounting change on october 1 , 2000 , the company adopted statement of financial accounting standard ( sfas ) no . 133 , accounting for derivative instruments and hedging activities . sfas no . 133 established accounting and reporting standards for derivative instruments , hedging activities , and exposure definition . net of the related income tax effect of approximately $ 5 million , adoption of sfas no . 133 resulted in a favorable cumulative-effect-type adjustment to net income of approximately $ 12 million for the first quarter of 2001 . the $ 17 million gross transition adjustment was comprised of a $ 23 million favorable adjustment for the restatement to fair value of the derivative component of the company's investment in samsung electronics co. , ltd . ( samsung ) , partially offset by the unfavorable adjustments to certain foreign currency and interest rate derivatives . sfas no . 133 also required the company to adjust the carrying value of the derivative component of its investment in samsung to earnings during the first quarter of 2001 , the before tax effect of which was an unrealized loss of approximately $ 13 million . interest and other income , net net interest and other income was $ 112 million in fiscal 2002 , compared to $ 217 million in fiscal 2001 . this $ 105 million or 48% ( 48 % ) decrease is .
||2002|2001|2000|
|gains ( losses ) on non-current investments net|$ -42 ( 42 )|$ 88|$ 367|
|unrealized loss on convertible securities|$ 2014|-13 ( 13 )|$ 2014|
|interest income|$ 118|$ 218|$ 210|
|interest expense|-11 ( 11 )|-16 ( 16 )|-21 ( 21 )|
|miscellaneous other income and expense|5|15|14|
|interest and other income net|$ 112|$ 217|$ 203|
|total other income and expense|$ 70|$ 292|$ 570|
total other income and expense .
Question: what was the greatest amount of total other income and expense , in millions?
Answer:
|
570.0
|
what was the greatest amount of total other income and expense , in millions?
|
{
"options": {
"A": "70.0",
"B": "292.0",
"C": "570.0",
"D": "203.0"
},
"goldenKey": "C"
}
|
{
"A": "70.0",
"B": "292.0",
"C": "570.0",
"D": "203.0"
}
|
C
|
finqa2046
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2010 annual report 59 consolidated results of operations this following section provides a comparative discussion of jpmorgan chase 2019s consolidated results of operations on a reported basis for the three-year period ended december 31 , 2010 . factors that related primarily to a single business segment are discussed in more detail within that business segment . for a discussion of the critical accounting estimates used by the firm that affect the consolidated results of operations , see pages 149 2013 154 of this annual report . revenue year ended december 31 , ( in millions ) 2010 2009 2008 .
|year ended december 31 ( in millions )|2010|2009|2008|
|investment banking fees|$ 6190|$ 7087|$ 5526|
|principal transactions|10894|9796|-10699 ( 10699 )|
|lending- and deposit-related fees|6340|7045|5088|
|asset management administrationand commissions|13499|12540|13943|
|securities gains|2965|1110|1560|
|mortgage fees and related income|3870|3678|3467|
|credit card income|5891|7110|7419|
|other income|2044|916|2169|
|noninterest revenue|51693|49282|28473|
|net interest income|51001|51152|38779|
|total net revenue|$ 102694|$ 100434|$ 67252|
2010 compared with 2009 total net revenue for 2010 was $ 102.7 billion , up by $ 2.3 billion , or 2% ( 2 % ) , from 2009 . results for 2010 were driven by a higher level of securities gains and private equity gains in corporate/private equity , higher asset management fees in am and administration fees in tss , and higher other income in several businesses , partially offset by lower credit card income . investment banking fees decreased from 2009 due to lower equity underwriting and advisory fees , partially offset by higher debt underwriting fees . competitive markets combined with flat industry-wide equity underwriting and completed m&a volumes , resulted in lower equity underwriting and advisory fees ; while strong industry-wide loan syndication and high-yield bond volumes drove record debt underwriting fees in ib . for additional information on investment banking fees , which are primarily recorded in ib , see ib segment results on pages 69 201371 of this annual report . principal transactions revenue , which consists of revenue from the firm 2019s trading and private equity investing activities , increased compared with 2009 . this was driven by the private equity business , which had significant private equity gains in 2010 , compared with a small loss in 2009 , reflecting improvements in market conditions . trading revenue decreased , reflecting lower results in corporate , offset by higher revenue in ib primarily reflecting gains from the widening of the firm 2019s credit spread on certain structured and derivative liabilities . for additional information on principal transactions revenue , see ib and corporate/private equity segment results on pages 69 201371 and 89 2013 90 , respectively , and note 7 on pages 199 2013200 of this annual report . lending- and deposit-related fees decreased in 2010 from 2009 levels , reflecting lower deposit-related fees in rfs associated , in part , with newly-enacted legislation related to non-sufficient funds and overdraft fees ; this was partially offset by higher lending- related service fees in ib , primarily from growth in business volume , and in cb , primarily from higher commitment and letter-of-credit fees . for additional information on lending- and deposit-related fees , which are mostly recorded in ib , rfs , cb and tss , see segment results for ib on pages 69 201371 , rfs on pages 72 201378 , cb on pages 82 201383 and tss on pages 84 201385 of this annual report . asset management , administration and commissions revenue increased from 2009 . the increase largely reflected higher asset management fees in am , driven by the effect of higher market levels , net inflows to products with higher margins and higher performance fees ; and higher administration fees in tss , reflecting the effects of higher market levels and net inflows of assets under custody . this increase was partially offset by lower brokerage commissions in ib , as a result of lower market volumes . for additional information on these fees and commissions , see the segment discussions for am on pages 86 201388 and tss on pages 84 201385 of this annual report . securities gains were significantly higher in 2010 compared with 2009 , resulting primarily from the repositioning of the portfolio in response to changes in the interest rate environment and to rebalance exposure . for additional information on securities gains , which are mostly recorded in the firm 2019s corporate segment , see the corporate/private equity segment discussion on pages 89 201390 of this annual report . mortgage fees and related income increased in 2010 compared with 2009 , driven by higher mortgage production revenue , reflecting increased mortgage origination volumes in rfs and am , and wider margins , particularly in rfs . this increase was largely offset by higher repurchase losses in rfs ( recorded as contra- revenue ) , which were attributable to higher estimated losses related to repurchase demands , predominantly from gses . for additional information on mortgage fees and related income , which is recorded primarily in rfs , see rfs 2019s mortgage banking , auto & other consumer lending discussion on pages 74 201377 of this annual report . for additional information on repurchase losses , see the repurchase liability discussion on pages 98 2013101 and note 30 on pages 275 2013280 of this annual report . credit card income decreased during 2010 , predominantly due to the impact of the accounting guidance related to vies , effective january 1 , 2010 , that required the firm to consolidate the assets and liabilities of its firm-sponsored credit card securitization trusts . adoption of the new guidance resulted in the elimination of all servicing fees received from firm-sponsored credit card securitization trusts ( which was offset by related increases in net .
Question: what was noninterest revenue as a percent of total net revenue in 2009?
Answer:
|
0.49069
|
what was noninterest revenue as a percent of total net revenue in 2009?
|
{
"options": {
"A": "0.49069",
"B": "0.48402",
"C": "0.50234",
"D": "0.49678"
},
"goldenKey": "A"
}
|
{
"A": "0.49069",
"B": "0.48402",
"C": "0.50234",
"D": "0.49678"
}
|
A
|
finqa2047
|
Please answer the given financial question based on the context.
Context: borrowings reflect net proceeds received from the issuance of senior notes in june 2015 . see liquidity and capital resources below for additional information . in november 2015 , we repaid our $ 1 billion 0.90% ( 0.90 % ) senior notes upon maturity . in october 2015 , we announced an adjustment to our quarterly dividend . see capital requirements below for additional information . additions to property , plant and equipment are our most significant use of cash and cash equivalents . the following table shows capital expenditures related to continuing operations by segment and reconciles to additions to property , plant and equipment as presented in the consolidated statements of cash flows for 2015 , 2014 and 2013: .
|( in millions )|year ended december 31 , 2015|year ended december 31 , 2014|year ended december 31 , 2013|
|north america e&p|$ 2553|$ 4698|$ 3649|
|international e&p|368|534|456|
|oil sands mining ( a )|-10 ( 10 )|212|286|
|corporate|25|51|58|
|total capital expenditures|2936|5495|4449|
|change in capital expenditure accrual|540|-335 ( 335 )|-6 ( 6 )|
|additions to property plant and equipment|$ 3476|$ 5160|$ 4443|
( a ) reflects reimbursements earned from the governments of canada and alberta related to funds previously expended for quest ccs capital equipment . quest ccs was successfully completed and commissioned in the fourth quarter of 2015 . during 2014 , we acquired 29 million shares at a cost of $ 1 billion and in 2013 acquired 14 million shares at a cost of $ 500 million . there were no share repurchases in 2015 . see item 8 . financial statements and supplementary data 2013 note 23 to the consolidated financial statements for discussion of purchases of common stock . liquidity and capital resources on june 10 , 2015 , we issued $ 2 billion aggregate principal amount of unsecured senior notes which consist of the following series : 2022 $ 600 million of 2.70% ( 2.70 % ) senior notes due june 1 , 2020 2022 $ 900 million of 3.85% ( 3.85 % ) senior notes due june 1 , 2025 2022 $ 500 million of 5.20% ( 5.20 % ) senior notes due june 1 , 2045 interest on each series of senior notes is payable semi-annually beginning december 1 , 2015 . we used the aggregate net proceeds to repay our $ 1 billion 0.90% ( 0.90 % ) senior notes on november 2 , 2015 , and the remainder for general corporate purposes . in may 2015 , we amended our $ 2.5 billion credit facility to increase the facility size by $ 500 million to a total of $ 3.0 billion and extend the maturity date by an additional year such that the credit facility now matures in may 2020 . the amendment additionally provides us the ability to request two one-year extensions to the maturity date and an option to increase the commitment amount by up to an additional $ 500 million , subject to the consent of any increasing lenders . the sub-facilities for swing-line loans and letters of credit remain unchanged allowing up to an aggregate amount of $ 100 million and $ 500 million , respectively . fees on the unused commitment of each lender , as well as the borrowing options under the credit facility , remain unchanged . our main sources of liquidity are cash and cash equivalents , internally generated cash flow from operations , capital market transactions , our committed revolving credit facility and sales of non-core assets . our working capital requirements are supported by these sources and we may issue either commercial paper backed by our $ 3.0 billion revolving credit facility or draw on our $ 3.0 billion revolving credit facility to meet short-term cash requirements or issue debt or equity securities through the shelf registration statement discussed below as part of our longer-term liquidity and capital management . because of the alternatives available to us as discussed above , we believe that our short-term and long-term liquidity is adequate to fund not only our current operations , but also our near-term and long-term funding requirements including our capital spending programs , dividend payments , defined benefit plan contributions , repayment of debt maturities and other amounts that may ultimately be paid in connection with contingencies . general economic conditions , commodity prices , and financial , business and other factors could affect our operations and our ability to access the capital markets . a downgrade in our credit ratings could negatively impact our cost of capital and our ability to access the capital markets , increase the interest rate and fees we pay on our unsecured revolving credit facility , restrict our access to the commercial paper market , or require us to post letters of credit or other forms of collateral for certain .
Question: during 2013 , what was the average cost per share acquired?
Answer:
|
35.71429
|
during 2013 , what was the average cost per share acquired?
|
{
"options": {
"A": "35.71429",
"B": "50",
"C": "70",
"D": "100"
},
"goldenKey": "A"
}
|
{
"A": "35.71429",
"B": "50",
"C": "70",
"D": "100"
}
|
A
|
finqa2049
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 and 2009 , the company had $ 295.4 million and $ 295.0 million net , respectively ( $ 300.0 million aggregate principal amount ) outstanding under the 7.25% ( 7.25 % ) notes . as of december 31 , 2010 and 2009 , the carrying value includes a discount of $ 4.6 million and $ 5.0 million , respectively . 5.0% ( 5.0 % ) convertible notes 2014the 5.0% ( 5.0 % ) convertible notes due 2010 ( 201c5.0% ( 201c5.0 % ) notes 201d ) matured on february 15 , 2010 , and interest was payable semiannually on february 15 and august 15 of each year . the 5.0% ( 5.0 % ) notes were convertible at any time into shares of the company 2019s class a common stock ( 201ccommon stock 201d ) at a conversion price of $ 51.50 per share , subject to adjustment in certain cases . as of december 31 , 2010 and 2009 , the company had none and $ 59.7 million outstanding , respectively , under the 5.0% ( 5.0 % ) notes . ati 7.25% ( 7.25 % ) senior subordinated notes 2014the ati 7.25% ( 7.25 % ) notes were issued with a maturity of december 1 , 2011 and interest was payable semi-annually in arrears on june 1 and december 1 of each year . the ati 7.25% ( 7.25 % ) notes were jointly and severally guaranteed on a senior subordinated basis by the company and substantially all of the wholly owned domestic restricted subsidiaries of ati and the company , other than spectrasite and its subsidiaries . the notes ranked junior in right of payment to all existing and future senior indebtedness of ati , the sister guarantors ( as defined in the indenture relating to the notes ) and their domestic restricted subsidiaries . the ati 7.25% ( 7.25 % ) notes were structurally senior in right of payment to all other existing and future indebtedness of the company , including the company 2019s senior notes , convertible notes and the revolving credit facility and term loan . during the year ended december 31 , 2010 , ati issued a notice for the redemption of the principal amount of its outstanding ati 7.25% ( 7.25 % ) notes . in accordance with the redemption provisions and the indenture for the ati 7.25% ( 7.25 % ) notes , the notes were redeemed at a price equal to 100.00% ( 100.00 % ) of the principal amount , plus accrued and unpaid interest up to , but excluding , september 23 , 2010 , for an aggregate purchase price of $ 0.3 million . as of december 31 , 2010 and 2009 , the company had none and $ 0.3 million , respectively , outstanding under the ati 7.25% ( 7.25 % ) notes . capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 46.3 million and $ 59.0 million as of december 31 , 2010 and 2009 , respectively . these obligations bear interest at rates ranging from 2.5% ( 2.5 % ) to 9.3% ( 9.3 % ) and mature in periods ranging from less than one year to approximately seventy years . maturities 2014as of december 31 , 2010 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 .
|2011|$ 74896|
|2012|625884|
|2013|618|
|2014|1750479|
|2015|600489|
|thereafter|2541858|
|total cash obligations|5594224|
|unamortized discounts and premiums net|-6836 ( 6836 )|
|balance as of december 31 2010|$ 5587388|
.
Question: what is the percentage change in the balance of capital lease obligations and notes payable from 2009 to 2010?
Answer:
|
-0.21525
|
what is the percentage change in the balance of capital lease obligations and notes payable from 2009 to 2010?
|
{
"options": {
"A": "-0.21525%",
"B": "0.21525%",
"C": "-21.525%",
"D": "21.525%"
},
"goldenKey": "A"
}
|
{
"A": "-0.21525%",
"B": "0.21525%",
"C": "-21.525%",
"D": "21.525%"
}
|
A
|
finqa2050
|
Please answer the given financial question based on the context.
Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 company for an aggregate proceeds of approximately $ 234 million . the company recognized a gain on disposal of $ 6 million , net of tax , during the year ended december 31 , 2010 . ras laffan was previously reported in the asia generation segment . 23 . acquisitions and dispositions acquisitions dpl 2014on november 28 , 2011 , aes completed its acquisition of 100% ( 100 % ) of the common stock of dpl for approximately $ 3.5 billion , pursuant to the terms and conditions of a definitive agreement ( the 201cmerger agreement 201d ) dated april 19 , 2011 . dpl serves over 500000 customers , primarily west central ohio , through its operating subsidiaries dp&l and dpl energy resources ( 201cdpler 201d ) . additionally , dpl operates over 3800 mw of power generation facilities and provides competitive retail energy services to residential , commercial , industrial and governmental customers . the acquisition strengthens the company 2019s u.s . utility operations by expanding in the midwest and pjm , a regional transmission organization serving several eastern states as part of the eastern interconnection . the company expects to benefit from the regional scale provided by indianapolis power & light company , its nearby integrated utility business in indiana . aes funded the aggregate purchase consideration through a combination of the following : 2022 the proceeds from a $ 1.05 billion term loan obtained in may 2011 ; 2022 the proceeds from a private offering of $ 1.0 billion notes in june 2011 ; 2022 temporary borrowings of $ 251 million under its revolving credit facility ; and 2022 the proceeds from private offerings of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( collectively , the 201cnotes 201d ) in october 2011 by dolphin subsidiary ii , inc . ( 201cdolphin ii 201d ) , a wholly-owned special purpose indirect subsidiary of aes , which was merged into dpl upon the completion of acquisition . the fair value of the consideration paid for dpl was as follows ( in millions ) : .
|agreed enterprise value|$ 4719|
|less : fair value of assumed long-term debt outstanding net|-1255 ( 1255 )|
|cash consideration paid to dpl 2019s common stockholders|3464|
|add : cash paid for outstanding stock-based awards|19|
|total cash consideration paid|$ 3483|
.
Question: total cash consideration was what percent of the enterprise value of dpl?
Answer:
|
0.73808
|
total cash consideration was what percent of the enterprise value of dpl?
|
{
"options": {
"A": "0.073808%",
"B": "0.73808%",
"C": "7.3808%",
"D": "73.808%"
},
"goldenKey": "B"
}
|
{
"A": "0.073808%",
"B": "0.73808%",
"C": "7.3808%",
"D": "73.808%"
}
|
B
|
finqa2051
|
Please answer the given financial question based on the context.
Context: tax benefits recognized for stock-based compensation during the years ended december 31 , 2011 , 2010 and 2009 , were $ 16 million , $ 6 million and $ 5 million , respectively . the amount of northrop grumman shares issued before the spin-off to satisfy stock-based compensation awards are recorded by northrop grumman and , accordingly , are not reflected in hii 2019s consolidated financial statements . the company realized tax benefits during the year ended december 31 , 2011 , of $ 2 million from the exercise of stock options and $ 10 million from the issuance of stock in settlement of rpsrs and rsrs . unrecognized compensation expense at december 31 , 2011 there was $ 1 million of unrecognized compensation expense related to unvested stock option awards , which will be recognized over a weighted average period of 1.1 years . in addition , at december 31 , 2011 , there was $ 19 million of unrecognized compensation expense associated with the 2011 rsrs , which will be recognized over a period of 2.2 years ; $ 10 million of unrecognized compensation expense associated with the rpsrs converted as part of the spin-off , which will be recognized over a weighted average period of one year ; and $ 18 million of unrecognized compensation expense associated with the 2011 rpsrs which will be recognized over a period of 2.0 years . stock options the compensation expense for the outstanding converted stock options was determined at the time of grant by northrop grumman . there were no additional options granted during the year ended december 31 , 2011 . the fair value of the stock option awards is expensed on a straight-line basis over the vesting period of the options . the fair value of each of the stock option award was estimated on the date of grant using a black-scholes option pricing model based on the following assumptions : dividend yield 2014the dividend yield was based on northrop grumman 2019s historical dividend yield level . volatility 2014expected volatility was based on the average of the implied volatility from traded options and the historical volatility of northrop grumman 2019s stock . risk-free interest rate 2014the risk-free rate for periods within the contractual life of the stock option award was based on the yield curve of a zero-coupon u.s . treasury bond on the date the award was granted with a maturity equal to the expected term of the award . expected term 2014the expected term of awards granted was derived from historical experience and represents the period of time that awards granted are expected to be outstanding . a stratification of expected terms based on employee populations ( executive and non-executive ) was considered in the analysis . the following significant weighted-average assumptions were used to value stock options granted during the years ended december 31 , 2010 and 2009: .
||2010|2009|
|dividend yield|2.9% ( 2.9 % )|3.6% ( 3.6 % )|
|volatility rate|25% ( 25 % )|25% ( 25 % )|
|risk-free interest rate|2.3% ( 2.3 % )|1.7% ( 1.7 % )|
|expected option life ( years )|6|5 & 6|
the weighted-average grant date fair value of stock options granted during the years ended december 31 , 2010 and 2009 , was $ 11 and $ 7 , per share , respectively. .
Question: what was the percentage decline in the dividend yield from 2009 to 2010
Answer:
|
-0.19444
|
what was the percentage decline in the dividend yield from 2009 to 2010
|
{
"options": {
"A": "-0.19444%",
"B": "0.19444%",
"C": "-0.036%",
"D": "0.036%"
},
"goldenKey": "A"
}
|
{
"A": "-0.19444%",
"B": "0.19444%",
"C": "-0.036%",
"D": "0.036%"
}
|
A
|
finqa2053
|
Please answer the given financial question based on the context.
Context: securities have historically returned approximately 10% ( 10 % ) annually over long periods of time , while u.s . debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 7.25% ( 7.25 % ) and 8.75% ( 8.75 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns . while annual returns can vary significantly ( actual returns for 2012 , 2011 , and 2010 were +15.29% ( +15.29 % ) , +.11% ( +.11 % ) , and +14.87% ( +14.87 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2012 was 7.75% ( 7.75 % ) , the same as it was for 2011 . after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 7.50% ( 7.50 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to increase or decrease by up to $ 8 million as the impact is amortized into results of operations . we currently estimate a pretax pension expense of $ 73 million in 2013 compared with pretax expense of $ 89 million in 2012 . this year-over-year expected decrease reflects the impact of favorable returns on plan assets experienced in 2012 as well as the effects of the lower discount rate required to be used in the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2013 estimated expense as a baseline . table 27 : pension expense - sensitivity analysis change in assumption ( a ) estimated increase to 2013 pension expense ( in millions ) .
|change in assumption ( a )|estimatedincrease to 2013pensionexpense ( in millions )|
|.5% ( .5 % ) decrease in discount rate|$ 21|
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 19|
|.5% ( .5 % ) increase in compensation rate|$ 2|
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we do not expect to be required by law to make any contributions to the plan during 2013 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . the pnc financial services group , inc . 2013 form 10-k 77 .
Question: what is average estimated pretax pension expense for 2013 and 2012?
Answer:
|
81.0
|
what is average estimated pretax pension expense for 2013 and 2012?
|
{
"options": {
"A": "73.0",
"B": "89.0",
"C": "81.0",
"D": "77.0"
},
"goldenKey": "C"
}
|
{
"A": "73.0",
"B": "89.0",
"C": "81.0",
"D": "77.0"
}
|
C
|
finqa2054
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations ( continued ) the following table presents average u.s . and non-u.s . short-duration advances for the years ended december 31 : years ended december 31 .
|( in millions )|2013|2012|2011|
|average u.s . short-duration advances|$ 2356|$ 1972|$ 1994|
|average non-u.s . short-duration advances|1393|1393|1585|
|average total short-duration advances|$ 3749|$ 3365|$ 3579|
although average short-duration advances for the year ended december 31 , 2013 increased compared to the year ended december 31 , 2012 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity . average other interest-earning assets increased to $ 11.16 billion for the year ended december 31 , 2013 from $ 7.38 billion for the year ended december 31 , 2012 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our participation in principal securities finance transactions . aggregate average interest-bearing deposits increased to $ 109.25 billion for the year ended december 31 , 2013 from $ 98.39 billion for the year ended december 31 , 2012 . this increase was mainly due to higher levels of non-u.s . transaction accounts associated with the growth of new and existing business in assets under custody and administration . future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s . and non-u.s . interest rates . average other short-term borrowings declined to $ 3.79 billion for the year ended december 31 , 2013 from $ 4.68 billion for the year ended december 31 , 2012 , as higher levels of client deposits provided additional liquidity . average long-term debt increased to $ 8.42 billion for the year ended december 31 , 2013 from $ 7.01 billion for the year ended december 31 , 2012 . the increase primarily reflected the issuance of $ 1.0 billion of extendible notes by state street bank in december 2012 , the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , and the issuance of $ 1.0 billion of senior debt in november 2013 . this increase was partly offset by maturities of $ 1.75 billion of senior debt in the second quarter of 2012 . average other interest-bearing liabilities increased to $ 6.46 billion for the year ended december 31 , 2013 from $ 5.90 billion for the year ended december 31 , 2012 , primarily the result of higher levels of cash collateral received from clients in connection with our participation in principal securities finance transactions . several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s . and non-u.s . interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured . based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay- downs and maturities of investment securities in highly-rated securities , such as u.s . treasury and agency securities , federal agency mortgage-backed securities and u.s . and non-u.s . mortgage- and asset-backed securities . the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time . we expect these factors and the levels of global interest rates to dictate what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .
Question: what is the growth rate of the average total short-duration advances from 2011 to 2012?
Answer:
|
-0.05979
|
what is the growth rate of the average total short-duration advances from 2011 to 2012?
|
{
"options": {
"A": "-0.05979",
"B": "0.05979",
"C": "-0.059",
"D": "0.059"
},
"goldenKey": "A"
}
|
{
"A": "-0.05979",
"B": "0.05979",
"C": "-0.059",
"D": "0.059"
}
|
A
|
finqa2055
|
Please answer the given financial question based on the context.
Context: liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings . we continue to expect our operating cash flow to remain strong . as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s . as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate . these liabilities were recorded as part of the respective purchase price accounting of each transaction . the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 . as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 . the credit facility has been established with a diverse syndicate of banks . there were no borrowings under our credit facility as of december 31 , 2017 or 2016 . the credit facility supports our $ 2.0 billion u.s . commercial paper program and $ 2.0 billion european commercial paper program . combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion . at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s . commercial paper program . additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs . most of these lines are used to support global cash pooling structures . approximately $ 643 million of these credit lines were available for use as of year-end 2017 . bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions . we do not have any other significant unconditional purchase obligations or commercial commitments . as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s . as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively . a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities . should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds . in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility . we are in compliance with our debt covenants and other requirements of our credit agreements and indentures . a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: .
|( millions )|total|payments due by period less than 1 year|payments due by period 2-3 years|payments due by period 4-5 years|payments due by period more than 5 years|
|notes payable|$ 15|$ 15|$ -|$ -|$ -|
|one-time transition tax|160|13|26|26|95|
|long-term debt|7303|549|696|1513|4545|
|capital lease obligations|5|1|1|1|2|
|operating leases|617|131|211|160|115|
|interest*|2753|242|436|375|1700|
|total|$ 10853|$ 951|$ 1370|$ 2075|$ 6457|
* interest on variable rate debt was calculated using the interest rate at year-end 2017 . during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act . the expense is primarily related to the one-time transition tax , which is payable over eight years . as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance . as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million . we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required . therefore , these amounts have been excluded from the schedule of contractual obligations. .
Question: what is the growth rate in the balance of cash and cash equivalents on hand from 2016 to 2017?
Answer:
|
-0.35474
|
what is the growth rate in the balance of cash and cash equivalents on hand from 2016 to 2017?
|
{
"options": {
"A": "-0.35474",
"B": "0.35474",
"C": "-0.64526",
"D": "0.64526"
},
"goldenKey": "A"
}
|
{
"A": "-0.35474",
"B": "0.35474",
"C": "-0.64526",
"D": "0.64526"
}
|
A
|
finqa2056
|
Please answer the given financial question based on the context.
Context: as of december 31 , 2012 and 2011 , the estimated value of the company's uncertain tax positions were liabilities of $ 19 million and $ 6 million , respectively . assuming sustainment of these positions , the reversal of $ 1 million of the amounts accrued would favorably affect the company's effective federal income tax rate in future periods . accrued interest and penalties with respect to unrecognized tax benefits were $ 2 million and $ 3 million as of december 31 , 2012 and 2011 , respectively . during 2011 , the company recorded a reduction of $ 10 million to its liability for uncertain tax positions relating to tax periods prior to the spin-off for which northrop grumman is the primary obligor . during 2010 , northrop grumman reached final settlement with the irs and the u . s . congressional joint committee on taxation on the irs examination of northrop grumman's tax returns for the years 2004 through 2006 . as a result of this settlement , the company recognized tax benefits of $ 8 million as a reduction to the provision for income taxes . in connection with the settlement , the company also recorded a reduction of $ 10 million to its liability for uncertain tax positions , including previously accrued interest , of $ 2 million . the following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: .
|jurisdiction united states|jurisdiction 2007|jurisdiction -|2012|
|california|2007|-|2012|
|louisiana|2007|-|2012|
|mississippi|2009|-|2012|
|virginia|2006|-|2012|
although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position . accordingly , additional provisions on federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved . conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued . the company believes it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 14 million . the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense . the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through 2009 . open tax years related to state jurisdictions remain subject to examination . as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions . under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes . accordingly , the company has recorded a reimbursement receivable of approximately $ 4 million , net of federal benefit , in other assets related to uncertain tax positions for state income taxes as of the date of the spin-off . deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes . such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. .
Question: how many years of tax examination is the company subject to in virginia?
Answer:
|
6.0
|
how many years of tax examination is the company subject to in virginia?
|
{
"options": {
"A": "1",
"B": "2",
"C": "3",
"D": "6"
},
"goldenKey": "D"
}
|
{
"A": "1",
"B": "2",
"C": "3",
"D": "6"
}
|
D
|
finqa2058
|
Please answer the given financial question based on the context.
Context: table of contents celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2017 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .
|period|totalnumberof sharespurchased ( 1 )|averageprice paidper share|total numberof sharespurchased aspart of publiclyannounced program|approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )|
|october 1 - 31 2017|10676|$ 104.10|2014|$ 1531000000|
|november 1 - 30 2017|924|$ 104.02|2014|$ 1531000000|
|december 1 - 31 2017|38605|$ 106.36|2014|$ 1531000000|
|total|50205||2014||
___________________________ ( 1 ) represents shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units . ( 2 ) our board of directors has authorized the aggregate repurchase of $ 3.9 billion of our common stock since february 2008 , including an increase of $ 1.5 billion on july 17 , 2017 . see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information. .
Question: what is the total value of purchased shares during november 2017?
Answer:
|
96114.48
|
what is the total value of purchased shares during november 2017?
|
{
"options": {
"A": "96114.48",
"B": "104.10",
"C": "924",
"D": "38605"
},
"goldenKey": "A"
}
|
{
"A": "96114.48",
"B": "104.10",
"C": "924",
"D": "38605"
}
|
A
|
finqa2059
|
Please answer the given financial question based on the context.
Context: ( $ 125 million ) and higher maintenance outage costs ( $ 18 million ) . additionally , operating profits in 2012 include costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging busi- ness of $ 17 million and a $ 3 million gain for other items , while operating costs in 2011 included costs associated with signing an agreement to acquire temple-inland of $ 20 million and a gain of $ 7 million for other items . industrial packaging .
|in millions|2012|2011|2010|
|sales|$ 13280|$ 10430|$ 9840|
|operating profit|1066|1147|826|
north american industr ia l packaging net sales were $ 11.6 billion in 2012 compared with $ 8.6 billion in 2011 and $ 8.4 billion in 2010 . operating profits in 2012 were $ 1.0 billion ( $ 1.3 billion exclud- ing costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) compared with $ 1.1 billion ( both including and excluding costs associated with signing an agree- ment to acquire temple-inland ) in 2011 and $ 763 million ( $ 776 million excluding facility closure costs ) in 2010 . sales volumes for the legacy business were about flat in 2012 compared with 2011 . average sales price was lower mainly due to export containerboard sales prices which bottomed out in the first quarter but climbed steadily the rest of the year . input costs were lower for recycled fiber , wood and natural gas , but higher for starch . freight costs also increased . plan- ned maintenance downtime costs were higher than in 2011 . operating costs were higher largely due to routine inventory valuation adjustments operating profits in 2012 benefited from $ 235 million of temple-inland synergies . market-related downtime in 2012 was about 570000 tons compared with about 380000 tons in 2011 . operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills . operating profits in 2011 included charges of $ 20 million for costs associated with the signing of the agreement to acquire temple- inland . looking ahead to 2013 , sales volumes in the first quarter compared with the fourth quarter of 2012 are expected to increase slightly for boxes due to a higher number of shipping days . average sales price realizations are expected to reflect the pass-through to box customers of a containerboard price increase implemented in 2012 . input costs are expected to be higher for recycled fiber , wood and starch . planned maintenance downtime costs are expected to be about $ 26 million higher with outages scheduled at eight mills compared with six mills in the 2012 fourth quarter . manufacturing operating costs are expected to be lower . european industr ia l packaging net sales were $ 1.0 billion in 2012 compared with $ 1.1 billion in 2011 and $ 990 million in 2010 . operating profits in 2012 were $ 53 million ( $ 72 million excluding restructuring costs ) compared with $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 and $ 70 mil- lion ( $ 73 million before closure costs for our etienne mill ) in 2010 . sales volumes in 2012 were lower than in 2011 reflecting decreased demand for packaging in the industrial market due to a weaker overall economic environment in southern europe . demand for pack- aging in the agricultural markets was about flat year- over-year . average sales margins increased due to sales price increases implemented during 2011 and 2012 and lower board costs . other input costs were higher , primarily for energy and distribution . operat- ing profits in 2012 included a net gain of $ 10 million for an insurance settlement , partially offset by addi- tional operating costs , related to the earthquakes in northern italy in may which affected our san felice box plant . entering the first quarter of 2013 , sales volumes are expected to be stable reflecting a seasonal decrease in market demand in agricultural markets offset by an increase in industrial markets . average sales margins are expected to improve due to lower input costs for containerboard . other input costs should be about flat . operating costs are expected to be higher reflecting the absence of the earthquake insurance settlement that was received in the 2012 fourth quar- asian industr ia l packaging net sales and operating profits include the results of sca pack- aging since the acquisition on june 30 , 2010 , includ- ing the impact of incremental integration costs . net sales for the packaging operations were $ 400 million in 2012 compared with $ 410 million in 2011 and $ 255 million in 2010 . operating profits for the packaging operations were $ 2 million in 2012 compared with $ 2 million in 2011 and a loss of $ 7 million ( a loss of $ 4 million excluding facility closure costs ) in 2010 . operating profits were favorably impacted by higher average sales margins in 2012 compared with 2011 , but this benefit was offset by lower sales volumes and higher raw material costs and operating costs . looking ahead to the first quarter of 2013 , sales volumes and average sales margins are expected to decrease due to seasonality . net sales for the distribution operations were $ 260 million in 2012 compared with $ 285 million in 2011 and $ 240 million in 2010 . operating profits were $ 3 million in 2012 compared with $ 3 million in 2011 and about breakeven in 2010. .
Question: north american industrial packaging net sales where what percent of industrial packaging sales in 2012?
Answer:
|
0.87349
|
north american industrial packaging net sales where what percent of industrial packaging sales in 2012?
|
{
"options": {
"A": "0.87349",
"B": "0.72464",
"C": "0.67891",
"D": "0.93215"
},
"goldenKey": "A"
}
|
{
"A": "0.87349",
"B": "0.72464",
"C": "0.67891",
"D": "0.93215"
}
|
A
|
finqa2060
|
Please answer the given financial question based on the context.
Context: table of contents adobe inc . notes to consolidated financial statements ( continued ) goodwill , purchased intangibles and other long-lived assets goodwill is assigned to one or more reporting segments on the date of acquisition . we review our goodwill for impairment annually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount . in performing our goodwill impairment test , we first perform a qualitative assessment , which requires that we consider events or circumstances including macroeconomic conditions , industry and market considerations , cost factors , overall financial performance , changes in management or key personnel , changes in strategy , changes in customers , changes in the composition or carrying amount of a reporting segment 2019s net assets and changes in our stock price . if , after assessing the totality of events or circumstances , we determine that it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts , then the quantitative goodwill impairment test is not performed . if the qualitative assessment indicates that the quantitative analysis should be performed , we then evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the equal weighting of the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we completed our annual goodwill impairment test in the second quarter of fiscal 2018 . we determined , after performing a qualitative review of each reporting segment , that it is more likely than not that the fair value of each of our reporting segments substantially exceeds the respective carrying amounts . accordingly , there was no indication of impairment and the quantitative goodwill impairment test was not performed . we did not identify any events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year . 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 2018 , 2017 or 2016 . during fiscal 2018 , our intangible assets were amortized over their estimated useful lives ranging from 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|9|
|trademarks|9|
|acquired rights to use technology|10|
|backlog|2|
|other intangibles|4|
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 average yearly amortization expense related to trademarks?
Answer:
|
11.11111
|
what is the average yearly amortization expense related to trademarks?
|
{
"options": {
"A": "6",
"B": "9",
"C": "10",
"D": "11.11111"
},
"goldenKey": "D"
}
|
{
"A": "6",
"B": "9",
"C": "10",
"D": "11.11111"
}
|
D
|
finqa2061
|
Please answer the given financial question based on the context.
Context: 2022 triggering our obligation to make payments under any financial guarantee , letter of credit or other credit support we have provided to or on behalf of such subsidiary ; 2022 causing us to record a loss in the event the lender forecloses on the assets ; and 2022 triggering defaults in our outstanding debt at the parent company . for example , our senior secured credit facility and outstanding debt securities at the parent company include events of default for certain bankruptcy related events involving material subsidiaries . in addition , our revolving credit agreement at the parent company includes events of default related to payment defaults and accelerations of outstanding debt of material subsidiaries . some of our subsidiaries are currently in default with respect to all or a portion of their outstanding indebtedness . the total non-recourse debt classified as current in the accompanying consolidated balance sheets amounts to $ 2.2 billion . the portion of current debt related to such defaults was $ 1 billion at december 31 , 2017 , all of which was non-recourse debt related to three subsidiaries 2014 alto maipo , aes puerto rico , and aes ilumina . see note 10 2014debt in item 8 . 2014financial statements and supplementary data of this form 10-k for additional detail . none of the subsidiaries that are currently in default are subsidiaries that met the applicable definition of materiality under aes' corporate debt agreements as of december 31 , 2017 in order for such defaults to trigger an event of default or permit acceleration under aes' indebtedness . however , as a result of additional dispositions of assets , other significant reductions in asset carrying values or other matters in the future that may impact our financial position and results of operations or the financial position of the individual subsidiary , it is possible that one or more of these subsidiaries could fall within the definition of a "material subsidiary" and thereby upon an acceleration trigger an event of default and possible acceleration of the indebtedness under the parent company's outstanding debt securities . a material subsidiary is defined in the company's senior secured revolving credit facility as any business that contributed 20% ( 20 % ) or more of the parent company's total cash distributions from businesses for the four most recently completed fiscal quarters . as of december 31 , 2017 , none of the defaults listed above individually or in the aggregate results in or is at risk of triggering a cross-default under the recourse debt of the company . contractual obligations and parent company contingent contractual obligations a summary of our contractual obligations , commitments and other liabilities as of december 31 , 2017 is presented below and excludes any businesses classified as discontinued operations or held-for-sale ( in millions ) : contractual obligations total less than 1 year more than 5 years other footnote reference ( 4 ) debt obligations ( 1 ) $ 20404 $ 2250 $ 2431 $ 5003 $ 10720 $ 2014 10 interest payments on long-term debt ( 2 ) 9103 1172 2166 1719 4046 2014 n/a .
|contractual obligations|total|less than 1 year|1-3 years|3-5 years|more than 5 years|other|footnote reference ( 4 )|
|debt obligations ( 1 )|$ 20404|$ 2250|$ 2431|$ 5003|$ 10720|$ 2014|10|
|interest payments on long-term debt ( 2 )|9103|1172|2166|1719|4046|2014|n/a|
|capital lease obligations|18|2|2|2|12|2014|11|
|operating lease obligations|935|58|116|117|644|2014|11|
|electricity obligations|4501|581|948|907|2065|2014|11|
|fuel obligations|5859|1759|1642|992|1466|2014|11|
|other purchase obligations|4984|1488|1401|781|1314|2014|11|
|other long-term liabilities reflected on aes' consolidated balance sheet under gaap ( 3 )|701|2014|284|118|277|22|n/a|
|total|$ 46505|$ 7310|$ 8990|$ 9639|$ 20544|$ 22||
_____________________________ ( 1 ) includes recourse and non-recourse debt presented on the consolidated balance sheet . these amounts exclude capital lease obligations which are included in the capital lease category . ( 2 ) interest payments are estimated based on final maturity dates of debt securities outstanding at december 31 , 2017 and do not reflect anticipated future refinancing , early redemptions or new debt issuances . variable rate interest obligations are estimated based on rates as of december 31 , 2017 . ( 3 ) these amounts do not include current liabilities on the consolidated balance sheet except for the current portion of uncertain tax obligations . noncurrent uncertain tax obligations are reflected in the "other" column of the table above as the company is not able to reasonably estimate the timing of the future payments . in addition , these amounts do not include : ( 1 ) regulatory liabilities ( see note 9 2014regulatory assets and liabilities ) , ( 2 ) contingencies ( see note 12 2014contingencies ) , ( 3 ) pension and other postretirement employee benefit liabilities ( see note 13 2014benefit plans ) , ( 4 ) derivatives and incentive compensation ( see note 5 2014derivative instruments and hedging activities ) or ( 5 ) any taxes ( see note 20 2014income taxes ) except for uncertain tax obligations , as the company is not able to reasonably estimate the timing of future payments . see the indicated notes to the consolidated financial statements included in item 8 of this form 10-k for additional information on the items excluded . ( 4 ) for further information see the note referenced below in item 8 . 2014financial statements and supplementary data of this form 10-k. .
Question: what percentage of total contractual obligations , commitments and other liabilities as of december 31 , 2017 is composed of debt obligations?
Answer:
|
0.43875
|
what percentage of total contractual obligations , commitments and other liabilities as of december 31 , 2017 is composed of debt obligations?
|
{
"options": {
"A": "0.043875",
"B": "0.43875",
"C": "4.3875",
"D": "43.875"
},
"goldenKey": "B"
}
|
{
"A": "0.043875",
"B": "0.43875",
"C": "4.3875",
"D": "43.875"
}
|
B
|
finqa2062
|
Please answer the given financial question based on the context.
Context: operating expenses millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 .
|millions|2012|2011|2010|% ( % ) change 2012 v 2011|% ( % ) change 2011 v 2010|
|compensation and benefits|$ 4685|$ 4681|$ 4314|-% ( - % )|9% ( 9 % )|
|fuel|3608|3581|2486|1|44|
|purchased services and materials|2143|2005|1836|7|9|
|depreciation|1760|1617|1487|9|9|
|equipment and other rents|1197|1167|1142|3|2|
|other|788|782|719|1|9|
|total|$ 14181|$ 13833|$ 11984|3% ( 3 % )|15% ( 15 % )|
operating expenses increased $ 348 million in 2012 versus 2011 . depreciation , wage and benefit inflation , higher fuel prices and volume- related trucking services purchased by our logistics subsidiaries , contributed to higher expenses during the year . efficiency gains , volume related fuel savings ( 2% ( 2 % ) fewer gallons of fuel consumed ) and $ 38 million of weather related expenses in 2011 , which favorably affects the comparison , partially offset the cost increase . operating expenses increased $ 1.8 billion in 2011 versus 2010 . our fuel price per gallon rose 36% ( 36 % ) during 2011 , accounting for $ 922 million of the increase . wage and benefit inflation , volume-related costs , depreciation , and property taxes also contributed to higher expenses . expenses increased $ 20 million for costs related to the flooding in the midwest and $ 18 million due to the impact of severe heat and drought in the south , primarily texas . cost savings from productivity improvements and better resource utilization partially offset these increases . a $ 45 million one-time payment relating to a transaction with csx intermodal , inc ( csxi ) increased operating expenses during the first quarter of 2010 , which favorably affects the comparison of operating expenses in 2011 to those in 2010 . compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs . expenses in 2012 were essentially flat versus 2011 as operational improvements and cost reductions offset general wage and benefit inflation and higher pension and other postretirement benefits . in addition , weather related costs increased these expenses in 2011 . a combination of general wage and benefit inflation , volume-related expenses , higher training costs associated with new hires , additional crew costs due to speed restrictions caused by the midwest flooding and heat and drought in the south , and higher pension expense drove the increase during 2011 compared to 2010 . fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment . higher locomotive diesel fuel prices , which averaged $ 3.22 per gallon ( including taxes and transportation costs ) in 2012 , compared to $ 3.12 in 2011 , increased expenses by $ 105 million . volume , as measured by gross ton-miles , decreased 2% ( 2 % ) in 2012 versus 2011 , driving expense down . the fuel consumption rate was flat year-over-year . higher locomotive diesel fuel prices , which averaged $ 3.12 ( including taxes and transportation costs ) in 2011 , compared to $ 2.29 per gallon in 2010 , increased expenses by $ 922 million . in addition , higher gasoline prices for highway and non-highway vehicles also increased year-over-year . volume , as measured by gross ton-miles , increased 5% ( 5 % ) in 2011 versus 2010 , driving expense up by $ 122 million . purchased services and materials 2013 expense for purchased services and materials includes the costs of services purchased from outside contractors and other service providers ( including equipment 2012 operating expenses .
Question: based on the calculated increase in locomotive diesel fuel price in 2012 , what is the estimated total fuel cost for 2012?
Answer:
|
1050000000.0
|
based on the calculated increase in locomotive diesel fuel price in 2012 , what is the estimated total fuel cost for 2012?
|
{
"options": {
"A": "360800000",
"B": "358100000",
"C": "310000000",
"D": "1050000000"
},
"goldenKey": "D"
}
|
{
"A": "360800000",
"B": "358100000",
"C": "310000000",
"D": "1050000000"
}
|
D
|
finqa2063
|
Please answer the given financial question based on the context.
Context: contractual obligations the following table summarizes our significant contractual obligations as of december 28 , 2013: .
|( in millions )|payments due by period total|payments due by period less than1 year|payments due by period 1 20133 years|payments due by period 3 20135 years|payments due by period more than5 years|
|operating lease obligations|$ 870|$ 208|$ 298|$ 166|$ 198|
|capital purchase obligations1|5503|5375|125|2014|3|
|other purchase obligations and commitments2|1859|772|744|307|36|
|long-term debt obligations3|22372|429|2360|3761|15822|
|other long-term liabilities4 5|1496|569|663|144|120|
|total6|$ 32100|$ 7353|$ 4190|$ 4378|$ 16179|
capital purchase obligations1 5503 5375 125 2014 3 other purchase obligations and commitments2 1859 772 744 307 36 long-term debt obligations3 22372 429 2360 3761 15822 other long-term liabilities4 , 5 1496 569 663 144 120 total6 $ 32100 $ 7353 $ 4190 $ 4378 $ 16179 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment . they were not recorded as liabilities on our consolidated balance sheets as of december 28 , 2013 , as we had not yet received the related goods or taken title to the property . 2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations . funding obligations include agreements to fund various projects with other companies . 3 amounts represent principal and interest cash payments over the life of the debt obligations , including anticipated interest payments that are not recorded on our consolidated balance sheets . any future settlement of convertible debt would impact our cash payments . 4 we are unable to reliably estimate the timing of future payments related to uncertain tax positions ; therefore , $ 188 million of long-term income taxes payable has been excluded from the preceding table . however , long- term income taxes payable , recorded on our consolidated balance sheets , included these uncertain tax positions , reduced by the associated federal deduction for state taxes and u.s . tax credits arising from non- u.s . income taxes . 5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities . expected required contributions to our u.s . and non-u.s . pension plans and other postretirement benefit plans of $ 62 million to be made during 2014 are also included ; however , funding projections beyond 2014 are not practicable to estimate . 6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities except for the short-term portions of long-term debt obligations and other long-term liabilities . contractual obligations for purchases of goods or services , included in other purchase obligations and commitments in the preceding table , include agreements that are enforceable and legally binding on intel and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction . for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee . we have entered into certain agreements for the purchase of raw materials that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements . due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements are not included in the preceding table . our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons . in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements . table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
Question: what percentage of total contractual obligations as of december 28 , 2013 is made up of long-term debt obligations?
Answer:
|
0.69695
|
what percentage of total contractual obligations as of december 28 , 2013 is made up of long-term debt obligations?
|
{
"options": {
"A": "0.021",
"B": "0.084",
"C": "0.69695",
"D": "0.046"
},
"goldenKey": "C"
}
|
{
"A": "0.021",
"B": "0.084",
"C": "0.69695",
"D": "0.046"
}
|
C
|
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