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finqa2319
|
Please answer the given financial question based on the context.
Context: morgan stanley notes to consolidated financial statements 2014 ( continued ) 16 . shareholders 2019 equity . common stock . changes in shares of common stock outstanding for fiscal 2007 and fiscal 2006 were as follows ( share data in millions ) : fiscal fiscal .
||fiscal 2007|fiscal 2006|
|shares outstanding at beginning of period|1049|1058|
|net impact of stock option exercises and other share issuances|59|43|
|treasury stock purchases|-52 ( 52 )|-52 ( 52 )|
|shares outstanding at end of period|1056|1049|
treasury shares . during fiscal 2007 , the company purchased $ 3.8 billion of its common stock through open market purchases at an average cost of $ 72.65 per share . during fiscal 2006 , the company purchased $ 3.4 billion of its common stock through open market purchases at an average cost of $ 65.43 per share . in december 2006 , the company announced that its board of directors had authorized the repurchase of up to $ 6 billion of the company 2019s outstanding common stock . this share repurchase authorization considers , among other things , business segment capital needs , as well as equity-based compensation and benefit plan requirements . as of november 30 , 2007 , the company had approximately $ 2.3 billion remaining under its current share repurchase authorization . rabbi trusts . the company has established rabbi trusts ( the 201crabbi trusts 201d ) to provide common stock voting rights to certain employees who hold outstanding restricted stock units . the number of shares of common stock outstanding in the rabbi trusts was approximately 107 million at november 30 , 2007 and approximately 81 million at november 30 , 2006 . the assets of the rabbi trusts are consolidated with those of the company , and the value of the company 2019s stock held in the rabbi trusts is classified in shareholders 2019 equity and generally accounted for in a manner similar to treasury stock . preferred stock . in july 2006 , the company issued 44000000 depositary shares , in an aggregate of $ 1100 million . each depositary share represents 1/1000th of a share of floating rate non-cumulative preferred stock , series a , $ 0.01 par value ( 201cseries a preferred stock 201d ) . the series a preferred stock is redeemable at the company 2019s option , in whole or in part , on or after july 15 , 2011 at a redemption price of $ 25000 per share ( equivalent to $ 25 per depositary share ) . the series a preferred stock also has a preference over the company 2019s common stock upon liquidation . subsequent to fiscal year-end , the company declared a quarterly dividend of $ 379.66 per share of series a preferred stock that was paid on january 15 , 2008 to preferred shareholders of record on december 31 , 2007 . regulatory requirements . on april 1 , 2007 , the company merged msdwi into ms&co . upon completion of the merger , the surviving entity , ms&co. , became the company 2019s principal u.s . broker-dealer . ms&co . is a registered broker-dealer and registered futures commission merchant and , accordingly , is subject to the minimum net capital requirements of the securities and exchange commission ( the 201csec 201d ) , the financial industry regulatory authority and the commodity futures trading commission . ms&co . has consistently operated in excess of these requirements . ms&co . 2019s net capital totaled $ 6673 million at november 30 , 2007 , which exceeded the amount required by $ 4950 million . msip , a london-based broker-dealer subsidiary , is subject to the capital requirements of the financial services authority , and msjs , a tokyo-based broker-dealer subsidiary , is subject to the capital requirements of the financial services agency . msip and msjs consistently operated in excess of their respective regulatory capital requirements. .
Question: what was the net change in common stock outstanding in millions between 2006 and 2007?
Answer:
|
7.0
|
what was the net change in common stock outstanding in millions between 2006 and 2007?
|
{
"options": {
"A": "59",
"B": "43",
"C": "7.0",
"D": "52"
},
"goldenKey": "C"
}
|
{
"A": "59",
"B": "43",
"C": "7.0",
"D": "52"
}
|
C
|
finqa2320
|
Please answer the given financial question based on the context.
Context: which , $ 44.9 million , or $ 38.2 million , net of taxes , is expected to be reclassified to earnings over the next twelve months . we also enter into foreign currency forward exchange contracts with terms of one month to manage currency exposures for assets and liabilities denominated in a currency other than an entity 2019s functional currency . as a result , any foreign currency translation gains/losses recognized in earnings under sfas no . 52 , 201cforeign currency translation 201d are generally offset with gains/losses on the foreign currency forward exchange contracts in the same reporting period . other comprehensive income 2013 other comprehensive income refers to revenues , expenses , gains and losses that under generally accepted accounting principles are included in comprehensive income but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders 2019 equity . other comprehensive income is comprised of foreign currency translation adjustments , unrealized foreign currency hedge gains and losses , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions . the components of accumulated other comprehensive income are as follows ( in millions ) : balance at december 31 , comprehensive income ( loss ) balance at december 31 .
||balance at december 31 2006|other comprehensive income ( loss )|balance at december 31 2007|
|foreign currency translation|$ 267.7|$ 101.1|$ 368.8|
|foreign currency hedges|-22.6 ( 22.6 )|-22.8 ( 22.8 )|-45.4 ( 45.4 )|
|unrealized gains ( losses ) on securities|-0.5 ( 0.5 )|-1.4 ( 1.4 )|-1.9 ( 1.9 )|
|unrecognized prior service cost and unrecognized ( gain ) / loss in actuarial assumptions|-35.4 ( 35.4 )|4.2|-31.2 ( 31.2 )|
|accumulated other comprehensive income|$ 209.2|$ 81.1|$ 290.3|
treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of shareholders equity . we may reissue common stock held in treasury only for limited purposes . accounting pronouncements 2013 in june 2006 , the fasb issued interpretation no . 48 , 201caccounting for uncertainty in income taxes , an interpretation of fas 109 , accounting for income taxes 201d ( fin 48 ) , to create a single model to address accounting for uncertainty in tax positions . see our income tax disclosures in note 11 for more information regarding the adoption of fin 48 . in september 2006 , the fasb issued sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans 2013 an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) . 201d this statement requires recognition of the funded status of a benefit plan in the statement of financial position . sfas no . 158 also requires recognition in other comprehensive income of certain gains and losses that arise during the period but are deferred under pension accounting rules , as well as modifies the timing of reporting and adds certain disclosures . the statement provides recognition and disclosure elements to be effective as of the end of the fiscal year after december 15 , 2006 and measurement elements to be effective for fiscal years ending after december 15 , 2008 . we adopted sfas no . 158 on december 31 , 2006 . see our pension and other postretirement disclosures in note 10 . in december 2004 , the fasb issued sfas no . 123 ( r ) , 201cshare-based payment 201d , which is a revision to sfas no . 123 . sfas 123 ( r ) requires all share-based payments to employees , including stock options , to be expensed based on their fair values . we adopted sfas 123 ( r ) on january 1 , 2006 using the modified prospective method and did not restate prior periods . in september 2006 , the fasb issued sfas no . 157 , 201cfair value measurements 201d , which defines fair value , establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements . this statement does not require any new fair value measurements , but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information . sfas no . 157 is effective for financial statements issued for fiscal years beginning after november 15 , 2007 and interim periods within those fiscal years . in february 2008 , the fasb issued fasb staff position ( fsp ) no . sfas 157-2 , which delays the effective date of certain provisions of sfas no . 157 relating to non-financial assets and liabilities measured at fair value on a non-recurring basis until fiscal years beginning after november 15 , 2008 . the adoption of sfas no . 157 is not expected to have a material impact on our consolidated financial statements or results of operations . in february 2007 , the fasb issued sfas no . 159 , 201cthe fair value option for financial assets and financial liabilities 2013 including an amendment of fasb statement no . 115 201d ( sfas no . 159 ) . sfas no . 159 creates a 201cfair value option 201d under which an entity may elect to record certain financial assets or liabilities at fair value upon their initial recognition . subsequent changes in fair value would be recognized in earnings as those changes occur . the election of the fair value option would be made on a contract-by-contract basis and would need to be supported by concurrent documentation or a preexisting documented policy . sfas no . 159 requires an entity to separately disclose the fair z i m m e r h o l d i n g s , i n c . 2 0 0 7 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) .
Question: what is the change in percentage of accumulated other comprehensive income from 2006 to 2007?
Answer:
|
0.38767
|
what is the change in percentage of accumulated other comprehensive income from 2006 to 2007?
|
{
"options": {
"A": "0.38767%",
"B": "38.767%",
"C": "3.8767%",
"D": "387.67%"
},
"goldenKey": "A"
}
|
{
"A": "0.38767%",
"B": "38.767%",
"C": "3.8767%",
"D": "387.67%"
}
|
A
|
finqa2321
|
Please answer the given financial question based on the context.
Context: bhge 2018 form 10-k | 85 it is expected that the amount of unrecognized tax benefits will change in the next twelve months due to expiring statutes , audit activity , tax payments , and competent authority proceedings related to transfer pricing or final decisions in matters that are the subject of litigation in various taxing jurisdictions in which we operate . at december 31 , 2018 , we had approximately $ 96 million of tax liabilities , net of $ 1 million of tax assets , related to uncertain tax positions , each of which are individually insignificant , and each of which are reasonably possible of being settled within the next twelve months . we conduct business in more than 120 countries and are subject to income taxes in most taxing jurisdictions in which we operate . all internal revenue service examinations have been completed and closed through year end 2015 for the most significant u.s . returns . we believe there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations , financial position or cash flows . we further believe that we have made adequate provision for all income tax uncertainties . note 13 . stock-based compensation in july 2017 , we adopted the bhge 2017 long-term incentive plan ( lti plan ) under which we may grant stock options and other equity-based awards to employees and non-employee directors providing services to the company and our subsidiaries . a total of up to 57.4 million shares of class a common stock are authorized for issuance pursuant to awards granted under the lti plan over its term which expires on the date of the annual meeting of the company in 2027 . a total of 46.2 million shares of class a common stock are available for issuance as of december 31 , 2018 . stock-based compensation cost was $ 121 million and $ 37 million in 2018 and 2017 , respectively . stock-based compensation cost is measured at the date of grant based on the calculated fair value of the award and is generally recognized on a straight-line basis over the vesting period of the equity grant . the compensation cost is determined based on awards ultimately expected to vest ; therefore , we have reduced the cost for estimated forfeitures based on historical forfeiture rates . forfeitures are estimated at the time of grant and revised , if necessary , in subsequent periods to reflect actual forfeitures . there were no stock-based compensation costs capitalized as the amounts were not material . stock options we may grant stock options to our officers , directors and key employees . stock options generally vest in equal amounts over a three-year vesting period provided that the employee has remained continuously employed by the company through such vesting date . the fair value of each stock option granted is estimated using the black- scholes option pricing model . the following table presents the weighted average assumptions used in the option pricing model for options granted under the lti plan . the expected life of the options represents the period of time the options are expected to be outstanding . the expected life is based on a simple average of the vesting term and original contractual term of the awards . the expected volatility is based on the historical volatility of our five main competitors over a six year period . the risk-free interest rate is based on the observed u.s . treasury yield curve in effect at the time the options were granted . the dividend yield is based on a five year history of dividend payouts in baker hughes. .
||2018|2017|
|expected life ( years )|6|6|
|risk-free interest rate|2.5% ( 2.5 % )|2.1% ( 2.1 % )|
|volatility|33.7% ( 33.7 % )|36.4% ( 36.4 % )|
|dividend yield|2% ( 2 % )|1.2% ( 1.2 % )|
|weighted average fair value per share at grant date|$ 10.34|$ 12.32|
baker hughes , a ge company notes to consolidated and combined financial statements .
Question: what is the percent change in weighted average fair value per share at grant date from 2017 to 2018?
Answer:
|
0.19149
|
what is the percent change in weighted average fair value per share at grant date from 2017 to 2018?
|
{
"options": {
"A": "0.19149%",
"B": "19.149%",
"C": "1.9149%",
"D": "191.49%"
},
"goldenKey": "A"
}
|
{
"A": "0.19149%",
"B": "19.149%",
"C": "1.9149%",
"D": "191.49%"
}
|
A
|
finqa2322
|
Please answer the given financial question based on the context.
Context: shares of common stock issued , in treasury , and outstanding were ( in thousands of shares ) : .
||shares issued|treasury shares|shares outstanding|
|balance at december 29 2013|376832|2014|376832|
|exercise of stock options issuance of other stock awards and other|178|2014|178|
|balance at december 28 2014|377010|2014|377010|
|exercise of warrants|20480|2014|20480|
|issuance of common stock to sponsors|221666|2014|221666|
|acquisition of kraft foods group inc .|592898|2014|592898|
|exercise of stock options issuance of other stock awards and other|2338|-413 ( 413 )|1925|
|balance at january 3 2016|1214392|-413 ( 413 )|1213979|
|exercise of stock options issuance of other stock awards and other|4555|-2058 ( 2058 )|2497|
|balance at december 31 2016|1218947|-2471 ( 2471 )|1216476|
note 13 . financing arrangements we routinely enter into accounts receivable securitization and factoring programs . we account for transfers of receivables pursuant to these programs as a sale and remove them from our consolidated balance sheet . at december 31 , 2016 , our most significant program in place was the u.s . securitization program , which was amended in may 2016 and originally entered into in october of 2015 . under the program , we are entitled to receive cash consideration of up to $ 800 million ( which we elected to reduce to $ 500 million , effective february 21 , 2017 ) and a receivable for the remainder of the purchase price ( the 201cdeferred purchase price 201d ) . this securitization program utilizes a bankruptcy- remote special-purpose entity ( 201cspe 201d ) . the spe is wholly-owned by a subsidiary of kraft heinz and its sole business consists of the purchase or acceptance , through capital contributions of receivables and related assets , from a kraft heinz subsidiary and subsequent transfer of such receivables and related assets to a bank . although the spe is included in our consolidated financial statements , it is a separate legal entity with separate creditors who will be entitled , upon its liquidation , to be satisfied out of the spe's assets prior to any assets or value in the spe becoming available to kraft heinz or its subsidiaries . the assets of the spe are not available to pay creditors of kraft heinz or its subsidiaries . this program expires in may 2017 . in addition to the u.s . securitization program , we have accounts receivable factoring programs denominated in australian dollars , new zealand dollars , british pound sterling , euros , and japanese yen . under these programs , we generally receive cash consideration up to a certain limit and a receivable for the deferred purchase price . there is no deferred purchase price associated with the japanese yen contract . related to these programs , our aggregate cash consideration limit , after applying applicable hold-backs , was $ 245 million u.s . dollars at december 31 , 2016 . generally , each of these programs automatically renews annually until terminated by either party . the cash consideration and carrying amount of receivables removed from the consolidated balance sheets in connection with the above programs were $ 904 million at december 31 , 2016 and $ 267 million at january 3 , 2016 . the fair value of the deferred purchase price for the programs was $ 129 million at december 31 , 2016 and $ 583 million at january 3 , 2016 . the deferred purchase price is included in sold receivables on the consolidated balance sheets and had a carrying value which approximated its fair value at december 31 , 2016 and january 3 , 2016 . the proceeds from these sales are recognized on the consolidated statements of cash flows as a component of operating activities . we act as servicer for these arrangements and have not recorded any servicing assets or liabilities for these arrangements as of december 31 , 2016 and january 3 , 2016 because they were not material to the financial statements. .
Question: what portion of the issued shares is reported as treasury stock as of december 31 , 2016?
Answer:
|
0.00203
|
what portion of the issued shares is reported as treasury stock as of december 31 , 2016?
|
{
"options": {
"A": "0.00034",
"B": "0.00102",
"C": "0.00199",
"D": "0.00203"
},
"goldenKey": "D"
}
|
{
"A": "0.00034",
"B": "0.00102",
"C": "0.00199",
"D": "0.00203"
}
|
D
|
finqa2323
|
Please answer the given financial question based on the context.
Context: in 2017 , cash flows provided by operations increased $ 160 million , primarily due to an increase in net income after non-cash adjustments , including the impact of the enactment of the tcja , and an increase in cash flows from working capital . the main factors contributing to the net income increase are described in the 201cconsolidated results of operations 201d section and include higher operating revenues , partially offset by higher income taxes due to a $ 125 million re-measurement charge resulting from the impact of the change in the federal tax rate on the company 2019s deferred income taxes from the enactment of the tcja . the increase in non-cash activities was mainly attributable to the increase in deferred income taxes , as mentioned above , and an increase in depreciation and amortization due to additional utility plant placed in service . the change in working capital was principally due to ( i ) the timing of accounts payable and accrued liabilities , including the accrual recorded during 2016 for the binding global agreement in principle to settle claims associated with the freedom industries chemical spill in west virginia , ( ii ) a decrease in unbilled revenues as a result of our military services group achieving significant capital project milestones during 2016 , and ( iii ) a change in other current assets and liabilities , including the decrease in other current assets associated with the termination of our four forward starting swap agreements and timing of payments clearing our cash accounts . the company expects to make pension contributions to the plan trusts of up to $ 31 million in 2019 . in addition , we estimate that contributions will amount to $ 32 million , $ 29 million , $ 29 million and $ 29 million in 2020 , 2021 , 2022 and 2023 , respectively . actual amounts contributed could change materially from these estimates as a result of changes in assumptions and actual investment returns , among other factors . cash flows used in investing activities the following table provides a summary of the major items affecting our cash flows used in investing activities: .
|( in millions )|for the years ended december 31 , 2018|for the years ended december 31 , 2017|for the years ended december 31 , 2016|
|net capital expenditures|$ -1586 ( 1586 )|$ -1434 ( 1434 )|$ -1311 ( 1311 )|
|acquisitions|-398 ( 398 )|-177 ( 177 )|-204 ( 204 )|
|other investing activities net ( a )|-52 ( 52 )|-61 ( 61 )|-75 ( 75 )|
|net cash flows used in investing activities|$ -2036 ( 2036 )|$ -1672 ( 1672 )|$ -1590 ( 1590 )|
( a ) includes removal costs from property , plant and equipment retirements and proceeds from sale of assets . in 2018 and 2017 , cash flows used in investing activities increased primarily due to an increase in our regulated capital expenditures , principally from incremental investments associated with the replacement and renewal of our transmission and distribution infrastructure in our regulated businesses , as well as acquisitions in both our regulated businesses and market-based businesses , as discussed below . our infrastructure investment plan consists of both infrastructure renewal programs , where we replace infrastructure , as needed , and major capital investment projects , where we construct new water and wastewater treatment and delivery facilities to meet new customer growth and water quality regulations . our projected capital expenditures and other investments are subject to periodic review and revision to reflect changes in economic conditions and other factors. .
Question: in 2018 , what percentage of cash flows used in investing activities composed of acquisitions?
Answer:
|
0.19548
|
in 2018 , what percentage of cash flows used in investing activities composed of acquisitions?
|
{
"options": {
"A": "0.19548%",
"B": "0.019548%",
"C": "1.9548%",
"D": "19.548%"
},
"goldenKey": "A"
}
|
{
"A": "0.19548%",
"B": "0.019548%",
"C": "1.9548%",
"D": "19.548%"
}
|
A
|
finqa2325
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure . the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the underlying asset value . the table below presents market risk for positions that are not included in var . these measures do not reflect diversification benefits across asset categories and therefore have not been aggregated . asset categories 10% ( 10 % ) sensitivity amount as of december in millions 2012 2011 .
|asset categories|asset categories||
|in millions|2012|2011|
|icbc|$ 208|$ 212|
|equity ( excluding icbc ) 1|2263|2458|
|debt2|1676|1521|
equity ( excluding icbc ) 1 2263 2458 debt 2 1676 1521 1 . relates to private and restricted public equity securities , including interests in firm-sponsored funds that invest in corporate equities and real estate and interests in firm-sponsored hedge funds . 2 . primarily relates to interests in our firm-sponsored funds that invest in corporate mezzanine and senior debt instruments . also includes loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans . var excludes the impact of changes in counterparty and our own credit spreads on derivatives as well as changes in our own credit spreads on unsecured borrowings for which the fair value option was elected . the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a $ 3 million gain ( including hedges ) as of december 2012 . in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on unsecured borrowings for which the fair value option was elected was a $ 7 million gain ( including hedges ) as of december 2012 . however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those unsecured borrowings for which the fair value option was elected , as well as the relative performance of any hedges undertaken . the firm engages in insurance activities where we reinsure and purchase portfolios of insurance risk and pension liabilities . the risks associated with these activities include , but are not limited to : equity price , interest rate , reinvestment and mortality risk . the firm mitigates risks associated with insurance activities through the use of reinsurance and hedging . certain of the assets associated with the firm 2019s insurance activities are included in var . in addition to the positions included in var , we held $ 9.07 billion of securities accounted for as available-for- sale as of december 2012 , which support the firm 2019s reinsurance business . as of december 2012 , our available- for-sale securities primarily consisted of $ 3.63 billion of corporate debt securities with an average yield of 4% ( 4 % ) , the majority of which will mature after five years , $ 3.38 billion of mortgage and other asset-backed loans and securities with an average yield of 6% ( 6 % ) , the majority of which will mature after ten years , and $ 856 million of u.s . government and federal agency obligations with an average yield of 3% ( 3 % ) , the majority of which will mature after five years . as of december 2012 , such assets were classified as held for sale and were included in 201cother assets . 201d see note 12 to the consolidated financial statements for further information about assets held for sale . as of december 2011 , we held $ 4.86 billion of securities accounted for as available-for-sale , primarily consisting of $ 1.81 billion of corporate debt securities with an average yield of 5% ( 5 % ) , the majority of which will mature after five years , $ 1.42 billion of mortgage and other asset-backed loans and securities with an average yield of 10% ( 10 % ) , the majority of which will mature after ten years , and $ 662 million of u.s . government and federal agency obligations with an average yield of 3% ( 3 % ) , the majority of which will mature after ten years . in addition , as of december 2012 and december 2011 , we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group , inc . see note 18 to the consolidated financial statements for further information about such lending commitments . as of december 2012 , the firm also had $ 6.50 billion of loans held for investment which were accounted for at amortized cost and included in 201creceivables from customers and counterparties , 201d substantially all of which had floating interest rates . the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 62 million of additional interest income over a 12-month period , which does not take into account the potential impact of an increase in costs to fund such loans . see note 8 to the consolidated financial statements for further information about loans held for investment . additionally , we make investments accounted for under the equity method and we also make direct investments in real estate , both of which are included in 201cother assets 201d in the consolidated statements of financial condition . direct investments in real estate are accounted for at cost less accumulated depreciation . see note 12 to the consolidated financial statements for information on 201cother assets . 201d goldman sachs 2012 annual report 93 .
Question: as of december 2012 , what percentage of available- for-sale securities was comprised of mortgage and other asset-backed loans and securities?
Answer:
|
0.41274
|
as of december 2012 , what percentage of available- for-sale securities was comprised of mortgage and other asset-backed loans and securities?
|
{
"options": {
"A": "0.41274%",
"B": "4.1274%",
"C": "41.274%",
"D": "412.74%"
},
"goldenKey": "A"
}
|
{
"A": "0.41274%",
"B": "4.1274%",
"C": "41.274%",
"D": "412.74%"
}
|
A
|
finqa2326
|
Please answer the given financial question based on the context.
Context: table of contents .
|assumptions used in monte carlo lattice pricing model|year ended december 31 , 2016|year ended december 31 , 2015|year ended december 31 , 2014|
|risk-free interest rate|1.0% ( 1.0 % )|1.1% ( 1.1 % )|0.7% ( 0.7 % )|
|expected dividend yield|2014% ( 2014 % )|2014% ( 2014 % )|2014% ( 2014 % )|
|expected volatility 2014ansys stock price|21% ( 21 % )|23% ( 23 % )|25% ( 25 % )|
|expected volatility 2014nasdaq composite index|16% ( 16 % )|14% ( 14 % )|15% ( 15 % )|
|expected term|2.8 years|2.8 years|2.8 years|
|correlation factor|0.65|0.60|0.70|
the company issued 35000 , 115485 and 39900 performance-based restricted stock awards during 2016 , 2015 and 2014 , respectively . of the cumulative performance-based restricted stock awards issued , defined operating metrics were assigned to 63462 , 51795 and 20667 awards with grant-date fair values of $ 84.61 , $ 86.38 and $ 81.52 during 2016 , 2015 and 2014 , respectively . the grant-date fair value of the awards is being recorded from the grant date through the conclusion of the measurement period associated with each operating metric based on management's estimates concerning the probability of vesting . as of december 31 , 2016 , 7625 units of the total 2014 awards granted were earned and will be issued in 2017 . total compensation expense associated with the awards recorded for the years ended december 31 , 2016 , 2015 and 2014 was $ 0.4 million , $ 0.4 million and $ 0.1 million , respectively . in addition , in 2016 , 2015 and 2014 , the company granted restricted stock units of 488622 , 344500 and 364150 , respectively , that will vest over a three- or four-year period with weighted-average grant-date fair values of $ 88.51 , $ 86.34 and $ 82.13 , respectively . during 2016 and 2015 , 162019 and 85713 shares vested and were released , respectively . as of december 31 , 2016 , 2015 and 2014 , 838327 , 571462 and 344750 units were outstanding , respectively . total compensation expense is being recorded over the service period and was $ 19.1 million , $ 12.5 million and $ 5.8 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . in conjunction with a 2015 acquisition , ansys issued 68451 shares of replacement restricted stock with a weighted-average grant-date fair value of $ 90.48 . of the $ 6.2 million grant-date fair value , $ 3.5 million , related to partially vested awards , was recorded as non-cash purchase price consideration . the remaining fair value will be recognized as stock compensation expense through the conclusion of the service period . during the years ended december 31 , 2016 and 2015 , the company recorded $ 1.2 million and $ 0.6 million , respectively , of stock compensation expense related to these awards . in conjunction with a 2011 acquisition , the company granted performance-based restricted stock awards . vesting was determined based on the achievements of certain revenue and operating income targets of the entity post-acquisition . total compensation expense associated with the awards recorded for the year ended december 31 , 2014 was $ 4.7 million . the company has granted deferred stock awards to non-affiliate independent directors , which are rights to receive shares of common stock upon termination of service as a director . in 2015 and prior , the deferred stock awards were granted quarterly in arrears and vested immediately upon grant . associated with these awards , the company established a non-qualified 409 ( a ) deferred compensation plan with assets held under a rabbi trust to provide directors an opportunity to diversify their vested awards . during open trading windows and at their elective option , the directors may convert their company shares into a variety of non-company-stock investment options in order to diversify their holdings . as of december 31 , 2016 , 5000 shares have been diversified and 184099 undiversified deferred stock awards have vested with the underlying shares remaining unissued until the service termination of the respective director owners . in may 2016 , the company granted 38400 deferred stock awards which will vest in full on the one-year anniversary of the grant . total compensation expense associated with the awards recorded for the years ended december 31 , 2016 , 2015 and 2014 was $ 1.9 million , $ 4.0 million and $ 3.5 million , respectively. .
Question: what was the percentage change in the expected volatility 2014nasdaq composite index from 2015 to 2016 16% ( 16 % ) 14% ( 14 % )
Answer:
|
0.14286
|
what was the percentage change in the expected volatility 2014nasdaq composite index from 2015 to 2016 16% ( 16 % ) 14% ( 14 % )
|
{
"options": {
"A": "0.14286",
"B": "0.125",
"C": "0.16667",
"D": "0.18182"
},
"goldenKey": "A"
}
|
{
"A": "0.14286",
"B": "0.125",
"C": "0.16667",
"D": "0.18182"
}
|
A
|
finqa2327
|
Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements competitive environment and general economic and business conditions , among other factors . pullmantur is a brand targeted primarily at the spanish , portu- guese and latin american markets and although pullmantur has diversified its passenger sourcing over the past few years , spain still represents pullmantur 2019s largest market . as previously disclosed , during 2012 european economies continued to demonstrate insta- bility in light of heightened concerns over sovereign debt issues as well as the impact of proposed auster- ity measures on certain markets . the spanish econ- omy was more severely impacted than many other economies and there is significant uncertainty as to when it will recover . in addition , the impact of the costa concordia incident has had a more lingering effect than expected and the impact in future years is uncertain . these factors were identified in the past as significant risks which could lead to the impairment of pullmantur 2019s goodwill . more recently , the spanish economy has progressively worsened and forecasts suggest the challenging operating environment will continue for an extended period of time . the unemployment rate in spain reached 26% ( 26 % ) during the fourth quarter of 2012 and is expected to rise further in 2013 . the international monetary fund , which had projected gdp growth of 1.8% ( 1.8 % ) a year ago , revised its 2013 gdp projections downward for spain to a contraction of 1.3% ( 1.3 % ) during the fourth quarter of 2012 and further reduced it to a contraction of 1.5% ( 1.5 % ) in january of 2013 . during the latter half of 2012 new austerity measures , such as increases to the value added tax , cuts to benefits , the phasing out of exemptions and the suspension of government bonuses , were implemented by the spanish government . we believe these austerity measures are having a larger impact on consumer confidence and discretionary spending than previously anticipated . as a result , there has been a significant deterioration in bookings from guests sourced from spain during the 2013 wave season . the combination of all of these factors has caused us to negatively adjust our cash flow projections , especially our closer-in net yield assumptions and the expectations regarding future capacity growth for the brand . based on our updated cash flow projections , we determined the implied fair value of goodwill for the pullmantur reporting unit was $ 145.5 million and rec- ognized an impairment charge of $ 319.2 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . there have been no goodwill impairment charges related to the pullmantur reporting unit in prior periods . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) perform worse than contemplated in our discounted cash flow model , or if there are material changes to the projected future cash flows used in the impair- ment analyses , especially in net yields , an additional impairment charge of the pullmantur reporting unit 2019s goodwill may be required . note 4 . intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : .
||2012|2011|
|indefinite-life intangible asset 2014pullmantur trademarks and trade names|$ 218883|$ 225679|
|impairment charge|-17356 ( 17356 )|2014|
|foreign currency translation adjustment|3339|-6796 ( 6796 )|
|total|$ 204866|$ 218883|
during the fourth quarter of 2012 , we performed the annual impairment review of our trademarks and trade names using a discounted cash flow model and the relief-from-royalty method . the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry . these trademarks and trade names relate to pullmantur and we have used a discount rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test . as described in note 3 . goodwill , the continued deterioration of the spanish economy caused us to negatively adjust our cash flow projections for the pullmantur reporting unit , especially our closer-in net yield assumptions and the timing of future capacity growth for the brand . based on our updated cash flow projections , we determined that the fair value of pullmantur 2019s trademarks and trade names no longer exceeded their carrying value . accordingly , we recog- nized an impairment charge of approximately $ 17.4 million to write down trademarks and trade names to their fair value of $ 204.9 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) 0494.indd 76 3/27/13 12:53 pm .
Question: what was the percentage decline in the value of the intangible assets from 2011 to 2012
Answer:
|
-0.06404
|
what was the percentage decline in the value of the intangible assets from 2011 to 2012
|
{
"options": {
"A": "-0.06404",
"B": "-0.0792",
"C": "-0.094",
"D": "-0.108"
},
"goldenKey": "A"
}
|
{
"A": "-0.06404",
"B": "-0.0792",
"C": "-0.094",
"D": "-0.108"
}
|
A
|
finqa2328
|
Please answer the given financial question based on the context.
Context: a significant portion of our natural gas production in the lower 48 states of the u.s . is sold at bid-week prices or first-of-month indices relative to our specific producing areas . average settlement date henry hub natural gas prices have been relatively stable for the periods of this report ; however , a decline began in september 2011 which has continued in 2012 with february averaging $ 2.68 per mmbtu . should u.s . natural gas prices remain depressed , an impairment charge related to our natural gas assets may be necessary . our other major natural gas-producing regions are europe and eg . natural gas prices in europe have been significantly higher than in the u.s . in the case of eg our natural gas sales are subject to term contracts , making realized prices less volatile . the natural gas sales from eg are at fixed prices ; therefore , our worldwide reported average natural gas realized prices may not fully track market price movements . oil sands mining osm segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil we produce . roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select . output mix can be impacted by operational problems or planned unit outages at the mines or the upgrader . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian alberta energy company ( 201caeco 201d ) natural gas sales index and crude oil prices , respectively . recently aeco prices have declined , much as henry hub prices have . we would expect a significant , continued declined in natural gas prices to have a favorable impact on osm operating costs . the table below shows average benchmark prices that impact both our revenues and variable costs. .
|benchmark|2011|2010|2009|
|wti crude oil ( dollars per bbl )|$ 95.11|$ 79.61|$ 62.09|
|western canadian select ( dollars per bbl ) ( a )|77.97|65.31|52.13|
|aeco natural gas sales index ( dollars per mmbtu ) ( b )|$ 3.68|$ 3.89|$ 3.49|
wti crude oil ( dollars per bbl ) $ 95.11 $ 79.61 $ 62.09 western canadian select ( dollars per bbl ) ( a ) 77.97 65.31 52.13 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.68 $ 3.89 $ 3.49 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) monthly average day ahead index . integrated gas our integrated gas operations include production and marketing of products manufactured from natural gas , such as lng and methanol , in eg . world lng trade in 2011 has been estimated to be 241 mmt . long-term , lng continues to be in demand as markets seek the benefits of clean burning natural gas . market prices for lng are not reported or posted . in general , lng delivered to the u.s . is tied to henry hub prices and will track with changes in u.s . natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices . we have a 60 percent ownership in an lng production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . gross sales from the plant were 4.1 mmt , 3.7 mmt and 3.9 mmt in 2011 , 2010 and 2009 . we own a 45 percent interest in a methanol plant located in equatorial guinea through our investment in ampco . gross sales of methanol from the plant totaled 1039657 , 850605 and 960374 metric tonnes in 2011 , 2010 and 2009 . methanol demand has a direct impact on ampco 2019s earnings . because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices . world demand for methanol in 2011 has been estimated to be 55.4 mmt . our plant capacity of 1.1 mmt is about 2 percent of total demand . operating and financial highlights significant operating and financial highlights during 2011 include : 2022 completed the spin-off of our downstream business on june 30 , 2011 2022 acquired a significant operated position in the eagle ford shale play in south texas 2022 added net proved reserves , for the e&p and osm segments combined , of 307 mmboe , excluding dispositions , for a 212 percent reserve replacement ratio .
Question: how much has the western canadian select dollars per bbl increased since 2009?
Answer:
|
0.49568
|
how much has the western canadian select dollars per bbl increased since 2009?
|
{
"options": {
"A": "0.49568",
"B": "0.49567",
"C": "0.49569",
"D": "0.49566"
},
"goldenKey": "A"
}
|
{
"A": "0.49568",
"B": "0.49567",
"C": "0.49569",
"D": "0.49566"
}
|
A
|
finqa2329
|
Please answer the given financial question based on the context.
Context: consumer foods net sales increased $ 303 million , or 5% ( 5 % ) , for the year to $ 6.8 billion . results reflect an increase of three percentage points from improved net pricing and product mix and two percentage points of improvement from higher volumes . net pricing and volume improvements were achieved in many of the company 2019s priority investment and enabler brands . the impact of product recalls partially offset these improvements . the company implemented significant price increases for many consumer foods products during the fourth quarter of fiscal 2008 . continued net sales improvements are expected into fiscal 2009 when the company expects to receive the benefit of these pricing actions for full fiscal periods . sales of some of the company 2019s most significant brands , including chef boyardee ae , david ae , egg beaters ae , healthy choice ae , hebrew national ae , hunt 2019s ae , marie callender 2019s ae , manwich ae , orville redenbacher 2019s ae , pam ae , ro*tel ae , rosarita ae , snack pack ae , swiss miss ae , wesson ae , and wolf ae grew in fiscal 2008 . sales of act ii ae , andy capp ae , banquet ae , crunch 2018n munch ae , kid cuisine ae , parkay ae , pemmican ae , reddi-wip ae , and slim jim ae declined in fiscal 2008 . net sales in the consumer foods segment are not comparable across periods due to a variety of factors . the company initiated a peanut butter recall in the third quarter of fiscal 2007 and reintroduced peter pan ae peanut butter products in august 2007 . sales of all peanut butter products , including both branded and private label , in fiscal 2008 were $ 14 million lower than comparable amounts in fiscal 2007 . consumer foods net sales were also adversely impacted by the recall of banquet ae and private label pot pies in the second quarter of fiscal 2008 . net sales of pot pies were lower by approximately $ 22 million in fiscal 2008 , relative to fiscal 2007 , primarily due to product returns and lost sales of banquet ae and private label pot pies . sales from alexia foods and lincoln snacks , businesses acquired in fiscal 2008 , totaled $ 66 million in fiscal 2008 . the company divested a refrigerated pizza business during the first half of fiscal 2007 . sales from this business were $ 17 million in fiscal food and ingredients net sales were $ 4.1 billion in fiscal 2008 , an increase of $ 706 million , or 21% ( 21 % ) . increased sales are reflective of higher sales prices in the company 2019s milling operations due to higher grain prices , and price and volume increases in the company 2019s potato and dehydrated vegetable operations . the fiscal 2007 divestiture of an oat milling operation resulted in a reduction of sales of $ 27 million for fiscal 2008 , partially offset by increased sales of $ 18 million from the acquisition of watts brothers in february 2008 . international foods net sales increased $ 65 million to $ 678 million . the strengthening of foreign currencies relative to the u.s . dollar accounted for approximately $ 36 million of this increase . the segment achieved a 5% ( 5 % ) increase in sales volume in fiscal 2008 , primarily reflecting increased unit sales in canada and mexico , and modest increases in net pricing . gross profit ( net sales less cost of goods sold ) ( $ in millions ) reporting segment fiscal 2008 gross profit fiscal 2007 gross profit % ( % ) increase/ ( decrease ) .
|reporting segment|fiscal 2008 gross profit|fiscal 2007 gross profit|% ( % ) increase/ ( decrease )|
|consumer foods|$ 1802|$ 1923|( 6 ) % ( % )|
|food and ingredients|724|590|23% ( 23 % )|
|international foods|190|180|6% ( 6 % )|
|total|$ 2716|$ 2693|1% ( 1 % )|
the company 2019s gross profit for fiscal 2008 was $ 2.7 billion , an increase of $ 23 million , or 1% ( 1 % ) , over the prior year . the increase in gross profit was largely driven by results in the food and ingredients segment , reflecting higher margins in the company 2019s milling and specialty potato operations , largely offset by reduced gross profits in the consumer foods segment . costs of implementing the company 2019s restructuring plans reduced gross profit by $ 4 million and $ 46 million in fiscal 2008 and fiscal 2007 , respectively. .
Question: what percent of total gross profit in fiscal 2007 was contributed by consumer foods?
Answer:
|
0.71407
|
what percent of total gross profit in fiscal 2007 was contributed by consumer foods?
|
{
"options": {
"A": "6%",
"B": "23%",
"C": "1%",
"D": "0.71407%"
},
"goldenKey": "D"
}
|
{
"A": "6%",
"B": "23%",
"C": "1%",
"D": "0.71407%"
}
|
D
|
finqa2330
|
Please answer the given financial question based on the context.
Context: hlikk has four revolving credit facilities in support of operations . two of the credit facilities have no amounts drawn as of december 31 , 2013 with borrowing limits of approximately a55 billion , or $ 48 each , and individually have expiration dates of january 5 , 2015 and september 30 , 2014 . in december 2013 , hlikk entered into two new revolving credit facility agreements with two japanese banks in order to finance certain withholding taxes on mutual fund gains , that are subsequently credited when hlikk files its 2019 income tax returns . at december 31 , 2013 , hlikk had drawn the total borrowing limits of a55 billion , or $ 48 , and a520 billion , or $ 190 on these credit facilities . the a55 billion credit facility accrues interest at a variable rate based on the one month tokyo interbank offering rate ( tibor ) plus 3 bps , which as of december 31 , 2013 the interest rate was 15 bps , and the a520 billion credit facility accrues interest at a variable rate based on tibor plus 3 bps , or the actual cost of funding , which as of december 31 , 2013 the interest rate was 20 bps . both of the credit facilities expire on september 30 , 2014 . derivative commitments certain of the company 2019s derivative agreements contain provisions that are tied to the financial strength ratings of the individual legal entity that entered into the derivative agreement as set by nationally recognized statistical rating agencies . if the legal entity 2019s financial strength were to fall below certain ratings , the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement . the settlement amount is determined by netting the derivative positions transacted under each agreement . if the termination rights were to be exercised by the counterparties , it could impact the legal entity 2019s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity . the aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of december 31 , 2013 was $ 1.2 billion . of this $ 1.2 billion the legal entities have posted collateral of $ 1.4 billion in the normal course of business . in addition , the company has posted collateral of $ 44 associated with a customized gmwb derivative . based on derivative market values as of december 31 , 2013 , a downgrade of one level below the current financial strength ratings by either moody 2019s or s&p could require approximately an additional $ 12 to be posted as collateral . based on derivative market values as of december 31 , 2013 , a downgrade by either moody 2019s or s&p of two levels below the legal entities 2019 current financial strength ratings could require approximately an additional $ 33 of assets to be posted as collateral . these collateral amounts could change as derivative market values change , as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated . the nature of the collateral that we would post , if required , would be primarily in the form of u.s . treasury bills , u.s . treasury notes and government agency securities . as of december 31 , 2013 , the aggregate notional amount and fair value of derivative relationships that could be subject to immediate termination in the event of rating agency downgrades to either bbb+ or baa1 was $ 536 and $ ( 17 ) , respectively . insurance operations current and expected patterns of claim frequency and severity or surrenders may change from period to period but continue to be within historical norms and , therefore , the company 2019s insurance operations 2019 current liquidity position is considered to be sufficient to meet anticipated demands over the next twelve months , including any obligations related to the company 2019s restructuring activities . for a discussion and tabular presentation of the company 2019s current contractual obligations by period , refer to off-balance sheet arrangements and aggregate contractual obligations within the capital resources and liquidity section of the md&a . the principal sources of operating funds are premiums , fees earned from assets under management and investment income , while investing cash flows originate from maturities and sales of invested assets . the primary uses of funds are to pay claims , claim adjustment expenses , commissions and other underwriting expenses , to purchase new investments and to make dividend payments to the hfsg holding company . the company 2019s insurance operations consist of property and casualty insurance products ( collectively referred to as 201cproperty & casualty operations 201d ) and life insurance and legacy annuity products ( collectively referred to as 201clife operations 201d ) . property & casualty operations property & casualty operations holds fixed maturity securities including a significant short-term investment position ( securities with maturities of one year or less at the time of purchase ) to meet liquidity needs . as of december 31 , 2013 , property & casualty operations 2019 fixed maturities , short-term investments , and cash are summarized as follows: .
|fixed maturities|$ 24704|
|short-term investments|984|
|cash|189|
|less : derivative collateral|241|
|total|$ 25636|
.
Question: as of december 31 , 2013 , what was the percent of the total property & casualty operations 2019 from short-term investments
Answer:
|
0.03838
|
as of december 31 , 2013 , what was the percent of the total property & casualty operations 2019 from short-term investments
|
{
"options": {
"A": "0.03838%",
"B": "0.3838%",
"C": "3.838%",
"D": "38.38%"
},
"goldenKey": "A"
}
|
{
"A": "0.03838%",
"B": "0.3838%",
"C": "3.838%",
"D": "38.38%"
}
|
A
|
finqa2331
|
Please answer the given financial question based on the context.
Context: 12 . borrowings short-term borrowings 2015 revolving credit facility . in march 2011 , the company entered into a five-year $ 3.5 billion unsecured revolving credit facility , which was amended in 2014 , 2013 and 2012 . in april 2015 , the company 2019s credit facility was further amended to extend the maturity date to march 2020 and to increase the amount of the aggregate commitment to $ 4.0 billion ( the 201c2015 credit facility 201d ) . the 2015 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2015 credit facility to an aggregate principal amount not to exceed $ 5.0 billion . interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread . the 2015 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortization , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2015 . the 2015 credit facility provides back-up liquidity to fund ongoing working capital for general corporate purposes and various investment opportunities . at december 31 , 2015 , the company had no amount outstanding under the 2015 credit facility . commercial paper program . on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 4.0 billion as amended in april 2015 . the cp program is currently supported by the 2015 credit facility . at december 31 , 2015 , blackrock had no cp notes outstanding . long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at december 31 , 2015 included the following : ( in millions ) maturity amount unamortized discount and debt issuance costs carrying value fair value .
|( in millions )|maturityamount|unamortized discount and debt issuance costs|carrying value|fair value|
|6.25% ( 6.25 % ) notes due 2017|$ 700|$ -1 ( 1 )|$ 699|$ 757|
|5.00% ( 5.00 % ) notes due 2019|1000|-3 ( 3 )|997|1106|
|4.25% ( 4.25 % ) notes due 2021|750|-5 ( 5 )|745|828|
|3.375% ( 3.375 % ) notes due 2022|750|-6 ( 6 )|744|773|
|3.50% ( 3.50 % ) notes due 2024|1000|-8 ( 8 )|992|1030|
|1.25% ( 1.25 % ) notes due 2025|760|-7 ( 7 )|753|729|
|total long-term borrowings|$ 4960|$ -30 ( 30 )|$ 4930|$ 5223|
long-term borrowings at december 31 , 2014 had a carrying value of $ 4.922 billion and a fair value of $ 5.309 billion determined using market prices at the end of december 2025 notes . in may 2015 , the company issued 20ac700 million of 1.25% ( 1.25 % ) senior unsecured notes maturing on may 6 , 2025 ( the 201c2025 notes 201d ) . the notes are listed on the new york stock exchange . the net proceeds of the 2025 notes were used for general corporate purposes , including refinancing of outstanding indebtedness . interest of approximately $ 10 million per year based on current exchange rates is payable annually on may 6 of each year . the 2025 notes may be redeemed in whole or in part prior to maturity at any time at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2025 notes . upon conversion to u.s . dollars the company designated the 20ac700 million debt offering as a net investment hedge to offset its currency exposure relating to its net investment in certain euro functional currency operations . a gain of $ 19 million , net of tax , was recognized in other comprehensive income for 2015 . no hedge ineffectiveness was recognized during 2015 . 2024 notes . in march 2014 , the company issued $ 1.0 billion in aggregate principal amount of 3.50% ( 3.50 % ) senior unsecured and unsubordinated notes maturing on march 18 , 2024 ( the 201c2024 notes 201d ) . the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014 . interest is payable semi-annually in arrears on march 18 and september 18 of each year , or approximately $ 35 million per year . the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 notes . 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities , including $ 750 million of 1.375% ( 1.375 % ) notes , which were repaid in june 2015 at maturity , and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2022 notes of approximately $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a .
Question: how much will the company pay in interest on the 2022 notes between 2012 and 2022 ? in millions $ .
Answer:
|
262.5
|
how much will the company pay in interest on the 2022 notes between 2012 and 2022 ? in millions $ .
|
{
"options": {
"A": "250",
"B": "255",
"C": "260",
"D": "262.5"
},
"goldenKey": "D"
}
|
{
"A": "250",
"B": "255",
"C": "260",
"D": "262.5"
}
|
D
|
finqa2332
|
Please answer the given financial question based on the context.
Context: entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to the base rate increases and the volume/weather effect , as discussed above . fuel and purchased power expenses increased primarily due to an increase in demand coupled with an increase in deferred fuel expense as a result of lower fuel refunds in 2011 versus 2010 , partially offset by a decrease in the average market price of natural gas . other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $ 17.4 million to customers of the 2007 rough production cost equalization remedy receipts . see note 2 to the financial statements for further discussion of the rough production cost equalization proceedings . 2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) .
||amount ( in millions )|
|2009 net revenue|$ 485.1|
|net wholesale revenue|27.7|
|volume/weather|27.2|
|rough production cost equalization|18.6|
|retail electric price|16.3|
|securitization transition charge|15.3|
|purchased power capacity|-44.3 ( 44.3 )|
|other|-5.7 ( 5.7 )|
|2010 net revenue|$ 540.2|
the net wholesale revenue variance is primarily due to increased sales to municipal and co-op customers due to the addition of new contracts . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , resulting from a 1.5% ( 1.5 % ) increase in customers , coupled with the effect of more favorable weather on residential sales . billed electricity usage increased a total of 777 gwh , or 5% ( 5 % ) . the rough production cost equalization variance is due to an additional $ 18.6 million allocation recorded in the second quarter of 2009 for 2007 rough production cost equalization receipts ordered by the puct to texas retail customers over what was originally allocated to entergy texas prior to the jurisdictional separation of entergy gulf states , inc . into entergy gulf states louisiana and entergy texas , effective december 2007 , as discussed in note 2 to the financial statements . the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 as a result of the settlement of the december 2009 rate case . see note 2 to the financial statements for further discussion of the rate case settlement . the securitization transition charge variance is due to the issuance of securitization bonds . in november 2009 , entergy texas restoration funding , llc , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . the securitization transition charge is offset with a corresponding increase in interest on long-term debt with no impact on net income . see note 5 to the financial statements for further discussion of the securitization bond issuance. .
Question: what was the percentage change in the net revenue in 2010
Answer:
|
0.11358
|
what was the percentage change in the net revenue in 2010
|
{
"options": {
"A": "11.358%",
"B": "1.1358%",
"C": "0.11358%",
"D": "0.011358%"
},
"goldenKey": "C"
}
|
{
"A": "11.358%",
"B": "1.1358%",
"C": "0.11358%",
"D": "0.011358%"
}
|
C
|
finqa2333
|
Please answer the given financial question based on the context.
Context: analog devices , inc . notes to consolidated financial statements 2014 ( continued ) asu no . 2011-05 is effective for fiscal years , and interim periods within those years , beginning after december 15 , 2011 , which is the company 2019s fiscal year 2013 . subsequently , in december 2011 , the fasb issued asu no . 2011-12 , deferral of the effective date for amendments to the presentation of reclassifications of items out of accumulated other comprehensive income in accounting standards update no . 2011-05 ( asu no . 2011-12 ) , which defers only those changes in asu no . 2011-05 that relate to the presentation of reclassification adjustments but does not affect all other requirements in asu no . 2011-05 . the adoption of asu no . 2011-05 and asu no . 2011-12 will affect the presentation of comprehensive income but will not materially impact the company 2019s financial condition or results of operations . u . discontinued operations in november 2007 , the company entered into a purchase and sale agreement with certain subsidiaries of on semiconductor corporation to sell the company 2019s cpu voltage regulation and pc thermal monitoring business which consisted of core voltage regulator products for the central processing unit in computing and gaming applications and temperature sensors and fan-speed controllers for managing the temperature of the central processing unit . during fiscal 2008 , the company completed the sale of this business . in the first quarter of fiscal 2010 , proceeds of $ 1 million were released from escrow and $ 0.6 million net of tax was recorded as additional gain from the sale of discontinued operations . the company does not expect any additional proceeds from this sale . in september 2007 , the company entered into a definitive agreement to sell its baseband chipset business to mediatek inc . the decision to sell the baseband chipset business was due to the company 2019s decision to focus its resources in areas where its signal processing expertise can provide unique capabilities and earn superior returns . during fiscal 2008 , the company completed the sale of its baseband chipset business for net cash proceeds of $ 269 million . the company made cash payments of $ 1.7 million during fiscal 2009 related to retention payments for employees who transferred to mediatek inc . and for the reimbursement of intellectual property license fees incurred by mediatek . during fiscal 2010 , the company received cash proceeds of $ 62 million as a result of the receipt of a refundable withholding tax and also recorded an additional gain on sale of $ 0.3 million , or $ 0.2 million net of tax , due to the settlement of certain items at less than the amounts accrued . in fiscal 2011 , additional proceeds of $ 10 million were released from escrow and $ 6.5 million net of tax was recorded as additional gain from the sale of discontinued operations . the company does not expect any additional proceeds from this sale . the following amounts related to the cpu voltage regulation and pc thermal monitoring and baseband chipset businesses have been segregated from continuing operations and reported as discontinued operations. .
||2012|2011|2010|
|gain on sale of discontinued operations before income taxes|$ 2014|$ 10000|$ 1316|
|provision for income taxes|2014|3500|457|
|gain on sale of discontinued operations net of tax|$ 2014|$ 6500|$ 859|
3 . stock-based compensation and shareholders 2019 equity equity compensation plans the company grants , or has granted , stock options and other stock and stock-based awards under the 2006 stock incentive plan ( 2006 plan ) . the 2006 plan was approved by the company 2019s board of directors on january 23 , 2006 and was approved by shareholders on march 14 , 2006 and subsequently amended in march 2006 , june 2009 , september 2009 , december 2009 , december 2010 and june 2011 . the 2006 plan provides for the grant of up to 15 million shares of the company 2019s common stock , plus such number of additional shares that were subject to outstanding options under the company 2019s previous plans that are not issued because the applicable option award subsequently terminates or expires without being exercised . the 2006 plan provides for the grant of incentive stock options intended to qualify under section 422 of the internal revenue code of 1986 , as amended , non-statutory stock options , stock appreciation rights , restricted stock , restricted stock units and other stock-based awards . employees , officers , directors , consultants and advisors of the company and its subsidiaries are eligible to be granted awards under the 2006 plan . no award may be made under the 2006 plan after march 13 , 2016 , but awards previously granted may extend beyond that date . the company will not grant further options under any previous plans . while the company may grant to employees options that become exercisable at different times or within different periods , the company has generally granted to employees options that vest over five years and become exercisable in annual installments of 20% ( 20 % ) on each of the first , second , third , fourth and fifth anniversaries of the date of grant ; 33.3% ( 33.3 % ) on each of the third , fourth , and fifth anniversaries of the date of grant ; or in annual installments of 25% ( 25 % ) on each of the second , third , fourth .
Question: what is the effective income tax rate in 2011 based on the information about the gains on sales of discontinued operations?
Answer:
|
0.035
|
what is the effective income tax rate in 2011 based on the information about the gains on sales of discontinued operations?
|
{
"options": {
"A": "0.020",
"B": "0.025",
"C": "0.030",
"D": "0.035"
},
"goldenKey": "D"
}
|
{
"A": "0.020",
"B": "0.025",
"C": "0.030",
"D": "0.035"
}
|
D
|
finqa2334
|
Please answer the given financial question based on the context.
Context: construction of cvn-79 john f . kennedy , construction of the u.s . coast guard 2019s fifth national security cutter ( unnamed ) , advance planning efforts for the cvn-72 uss abraham lincoln rcoh , and continued execution of the cvn-71 uss theodore roosevelt rcoh . 2010 2014the value of new contract awards during the year ended december 31 , 2010 , was approximately $ 3.6 billion . significant new awards during this period included $ 480 million for the construction of the u.s . coast guard 2019s fourth national security cutter hamilton , $ 480 million for design and long-lead material procurement activities for the cvn-79 john f . kennedy aircraft carrier , $ 377 million for cvn-78 gerald r . ford , $ 224 million for lha-7 ( unnamed ) , $ 184 million for lpd-26 john p . murtha , $ 114 million for ddg-114 ralph johnson and $ 62 million for long-lead material procurement activities for lpd-27 ( unnamed ) . liquidity and capital resources we endeavor to ensure the most efficient conversion of operating results into cash for deployment in operating our businesses and maximizing stockholder value . we use various financial measures to assist in capital deployment decision making , including net cash provided by operating activities and free cash flow . we believe these measures are useful to investors in assessing our financial performance . the table below summarizes key components of cash flow provided by ( used in ) operating activities: .
|( $ in millions )|year ended december 31 2011|year ended december 31 2010|year ended december 31 2009|
|net earnings ( loss )|$ -94 ( 94 )|$ 135|$ 124|
|goodwill impairment|290|0|0|
|deferred income taxes|27|-19 ( 19 )|-98 ( 98 )|
|depreciation and amortization|190|183|186|
|stock-based compensation|42|0|0|
|retiree benefit funding less than ( in excess of ) expense|122|33|-28 ( 28 )|
|trade working capital decrease ( increase )|-49 ( 49 )|27|-272 ( 272 )|
|net cash provided by ( used in ) operating activities|$ 528|$ 359|$ -88 ( 88 )|
cash flows we discuss below our major operating , investing and financing activities for each of the three years in the period ended december 31 , 2011 , as classified on our consolidated statements of cash flows . operating activities 2011 2014cash provided by operating activities was $ 528 million in 2011 compared with $ 359 million in 2010 . the increase of $ 169 million was due principally to increased earnings net of impairment charges and lower pension contributions , offset by an increase in trade working capital . net cash paid by northrop grumman on our behalf for u.s . federal income tax obligations was $ 53 million . we expect cash generated from operations for 2012 to be sufficient to service debt , meet contract obligations , and finance capital expenditures . although 2012 cash from operations is expected to be sufficient to service these obligations , we may from time to time borrow funds under our credit facility to accommodate timing differences in cash flows . 2010 2014net cash provided by operating activities was $ 359 million in 2010 compared with cash used of $ 88 million in 2009 . the change of $ 447 million was due principally to a decrease in discretionary pension contributions of $ 97 million , a decrease in trade working capital of $ 299 million , and a decrease in deferred income taxes of $ 79 million . in 2009 , trade working capital balances included the unfavorable impact of delayed customer billings associated with the negative performance adjustments on the lpd-22 through lpd-25 contract due to projected cost increases at completion . see note 7 : contract charges in item 8 . the change in deferred taxes was due principally to the timing of contract related deductions . u.s . federal income tax payments made by northrop grumman on our behalf were $ 89 million in 2010. .
Question: what was the percentage change of the net cash provided by ( used in ) operating activities from 2009 to 2010
Answer:
|
5.07955
|
what was the percentage change of the net cash provided by ( used in ) operating activities from 2009 to 2010
|
{
"options": {
"A": "5.07955%",
"B": "4.7955%",
"C": "5.7955%",
"D": "4.07955%"
},
"goldenKey": "A"
}
|
{
"A": "5.07955%",
"B": "4.7955%",
"C": "5.7955%",
"D": "4.07955%"
}
|
A
|
finqa2335
|
Please answer the given financial question based on the context.
Context: comparison of five-year cumulative total return the following graph compares the cumulative total return on citigroup 2019s common stock with the s&p 500 index and the s&p financial index over the five-year period extending through december 31 , 2009 . the graph assumes that $ 100 was invested on december 31 , 2004 in citigroup 2019s common stock , the s&p 500 index and the s&p financial index and that all dividends were reinvested . citigroup s&p 500 index s&p financial index 2005 2006 2007 2008 2009 comparison of five-year cumulative total return for the years ended .
|december 31|citigroup|s&p 500 index|s&p financial index|
|2005|104.38|104.83|106.30|
|2006|124.02|121.20|126.41|
|2007|70.36|127.85|103.47|
|2008|18.71|81.12|47.36|
|2009|9.26|102.15|55.27|
.
Question: what was the ratio of cumulative total return for citigroup compared to the s&p 500 index in 2007
Answer:
|
0.55033
|
what was the ratio of cumulative total return for citigroup compared to the s&p 500 index in 2007
|
{
"options": {
"A": "0.55033",
"B": "0.68543",
"C": "0.55027",
"D": "0.68549"
},
"goldenKey": "A"
}
|
{
"A": "0.55033",
"B": "0.68543",
"C": "0.55027",
"D": "0.68549"
}
|
A
|
finqa2336
|
Please answer the given financial question based on the context.
Context: supplementary information on oil and gas producing activities ( unaudited ) 2018 proved reserves decreased by 168 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 84 mmboe including an increase of 108 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and an increase of 15 mmboe associated with wells to sales that were additions to the plan , partially offset by a decrease of 39 mmboe due to technical revisions across the business . 2022 extensions , discoveries , and other additions : increased by 102 mmboe primarily in the u.s . resource plays due to an increase of 69 mmboe associated with the expansion of proved areas and an increase of 33 mmboe associated with wells to sales from unproved categories . 2022 production : decreased by 153 mmboe . 2022 sales of reserves in place : decreased by 201 mmboe including 196 mmboe associated with the sale of our subsidiary in libya , 4 mmboe associated with divestitures of certain conventional assets in new mexico and michigan , and 1 mmboe associated with the sale of the sarsang block in kurdistan . 2017 proved reserves decreased by 647 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe , with the remainder being due to revisions across the business . 2022 extensions , discoveries , and other additions : increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma . 2022 purchases of reserves in place : increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico . 2022 production : decreased by 145 mmboe . 2022 sales of reserves in place : decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado . see item 8 . financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions . 2016 proved reserves decreased by 67 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s . technical revisions . 2022 extensions , discoveries , and other additions : increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma . 2022 purchases of reserves in place : increased by 34 mmboe from acquisition of stack assets in oklahoma . 2022 production : decreased by 144 mmboe . 2022 sales of reserves in place : decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets . changes in proved undeveloped reserves as of december 31 , 2018 , 529 mmboe of proved undeveloped reserves were reported , a decrease of 17 mmboe from december 31 , 2017 . the following table shows changes in proved undeveloped reserves for 2018 : ( mmboe ) .
|beginning of year|546|
|revisions of previous estimates|47|
|extensions discoveries and other additions|61|
|dispositions|-19 ( 19 )|
|transfers to proved developed|-106 ( 106 )|
|end of year|529|
.
Question: what was the net decrease in proved undeveloped reserves for 2018 : ( mmboe ) ?
Answer:
|
-17.0
|
what was the net decrease in proved undeveloped reserves for 2018 : ( mmboe ) ?
|
{
"options": {
"A": "-19.0",
"B": "-17.0",
"C": "-106.0",
"D": "61.0"
},
"goldenKey": "B"
}
|
{
"A": "-19.0",
"B": "-17.0",
"C": "-106.0",
"D": "61.0"
}
|
B
|
finqa2338
|
Please answer the given financial question based on the context.
Context: a valuation allowance totaling $ 45.4 million , $ 43.9 million and $ 40.4 million as of 2013 , 2012 and 2011 year end , respectively , has been established for deferred income tax assets primarily related to certain subsidiary loss carryforwards that may not be realized . realization of the net deferred income tax assets is dependent on generating sufficient taxable income prior to their expiration . although realization is not assured , management believes it is more- likely-than-not that the net deferred income tax assets will be realized . the amount of the net deferred income tax assets considered realizable , however , could change in the near term if estimates of future taxable income during the carryforward period fluctuate . the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for 2013 , 2012 and ( amounts in millions ) 2013 2012 2011 .
|( amounts in millions )|2013|2012|2011|
|unrecognized tax benefits at beginning of year|$ 6.8|$ 11.0|$ 11.1|
|gross increases 2013 tax positions in prior periods|1.5|0.7|0.5|
|gross decreases 2013 tax positions in prior periods|-1.6 ( 1.6 )|-4.9 ( 4.9 )|-0.4 ( 0.4 )|
|gross increases 2013 tax positions in the current period|0.5|1.2|2.8|
|settlements with taxing authorities|-2.1 ( 2.1 )|2013|-1.2 ( 1.2 )|
|lapsing of statutes of limitations|-0.5 ( 0.5 )|-1.2 ( 1.2 )|-1.8 ( 1.8 )|
|unrecognized tax benefits at end of year|$ 4.6|$ 6.8|$ 11.0|
of the $ 4.6 million , $ 6.8 million and $ 11.0 million of unrecognized tax benefits as of 2013 , 2012 and 2011 year end , respectively , approximately $ 4.6 million , $ 4.1 million and $ 9.1 million , respectively , would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during 2013 and 2012 , the company reversed a net $ 0.6 million and $ 0.5 million , respectively , of interest and penalties to income associated with unrecognized tax benefits . as of 2013 , 2012 and 2011 year end , the company has provided for $ 0.9 million , $ 1.6 million and $ 1.6 million , respectively , of accrued interest and penalties related to unrecognized tax benefits . the unrecognized tax benefits and related accrued interest and penalties are included in 201cother long-term liabilities 201d on the accompanying consolidated balance sheets . snap-on and its subsidiaries file income tax returns in the united states and in various state , local and foreign jurisdictions . it is reasonably possible that certain unrecognized tax benefits may either be settled with taxing authorities or the statutes of limitations for such items may lapse within the next 12 months , causing snap-on 2019s gross unrecognized tax benefits to decrease by a range of zero to $ 1.1 million . over the next 12 months , snap-on anticipates taking certain tax positions on various tax returns for which the related tax benefit does not meet the recognition threshold . accordingly , snap-on 2019s gross unrecognized tax benefits may increase by a range of zero to $ 0.8 million over the next 12 months for uncertain tax positions expected to be taken in future tax filings . 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 2008 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2006 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 556.0 million , $ 492.2 million and $ 416.4 million as of 2013 , 2012 and 2011 year end , 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 . 2013 annual report 83 .
Question: what percent of unrecognized tax benefits as of 2012 would not impact the effective income tax rate if recognized?
Answer:
|
0.39706
|
what percent of unrecognized tax benefits as of 2012 would not impact the effective income tax rate if recognized?
|
{
"options": {
"A": "0.39706%",
"B": "0.59706%",
"C": "0.79706%",
"D": "0.99706%"
},
"goldenKey": "A"
}
|
{
"A": "0.39706%",
"B": "0.59706%",
"C": "0.79706%",
"D": "0.99706%"
}
|
A
|
finqa2339
|
Please answer the given financial question based on the context.
Context: table 32 : change in nonperforming assets .
|in millions|2014|2013|
|january 1|$ 3457|$ 3794|
|new nonperforming assets ( a )|2127|3343|
|charge-offs and valuation adjustments ( b )|-585 ( 585 )|-1002 ( 1002 )|
|principal activity including paydowns and payoffs|-1001 ( 1001 )|-1016 ( 1016 )|
|asset sales and transfers to loans held for sale|-570 ( 570 )|-492 ( 492 )|
|returned to performing status|-548 ( 548 )|-1170 ( 1170 )|
|december 31|$ 2880|$ 3457|
( a ) new nonperforming assets in the 2013 period include $ 560 million of loans added in the first quarter of 2013 due to the alignment with interagency supervisory guidance on practices for loans and lines of credit related to consumer lending . ( b ) charge-offs and valuation adjustments in the 2013 period include $ 134 million of charge-offs due to the alignment with interagency supervisory guidance discussed in footnote ( a ) above . the table above presents nonperforming asset activity during 2014 and 2013 , respectively . nonperforming assets decreased $ 577 million from $ 3.5 billion at december 31 , 2013 to $ 2.9 billion at december 31 , 2014 , as a result of improvements in both consumer and commercial lending . consumer lending nonperforming loans decreased $ 224 million , commercial real estate nonperforming loans declined $ 184 million and commercial nonperforming loans decreased $ 167 million . as of december 31 , 2014 , approximately 90% ( 90 % ) of total nonperforming loans were secured by collateral which lessens reserve requirements and is expected to reduce credit losses in the event of default . as of december 31 , 2014 , commercial lending nonperforming loans were carried at approximately 65% ( 65 % ) of their unpaid principal balance , due to charge-offs recorded to date , before consideration of the alll . see note 3 asset quality in the notes to consolidated financial statements in item 8 of this report for additional information on these loans . purchased impaired loans are considered performing , even if contractually past due ( or if we do not expect to receive payment in full based on the original contractual terms ) , as we accrete interest income over the expected life of the loans . the accretable yield represents the excess of the expected cash flows on the loans at the measurement date over the carrying value . generally decreases , other than interest rate decreases for variable rate notes , in the net present value of expected cash flows of individual commercial or pooled purchased impaired loans would result in an impairment charge to the provision for credit losses in the period in which the change is deemed probable . generally increases in the net present value of expected cash flows of purchased impaired loans would first result in a recovery of previously recorded allowance for loan losses , to the extent applicable , and then an increase to accretable yield for the remaining life of the purchased impaired loans . total nonperforming loans and assets in the tables above are significantly lower than they would have been due to this accounting treatment for purchased impaired loans . this treatment also results in a lower ratio of nonperforming loans to total loans and a higher ratio of alll to nonperforming loans . see note 4 purchased loans in the notes to consolidated financial statements in item 8 of this report for additional information on these loans . loan delinquencies we regularly monitor the level of loan delinquencies and believe these levels may be a key indicator of loan portfolio asset quality . measurement of delinquency status is based on the contractual terms of each loan . loans that are 30 days or more past due in terms of payment are considered delinquent . loan delinquencies exclude loans held for sale and purchased impaired loans , but include government insured or guaranteed loans and loans accounted for under the fair value option . total early stage loan delinquencies ( accruing loans past due 30 to 89 days ) decreased from $ 1.0 billion at december 31 , 2013 to $ 0.8 billion at december 31 , 2014 . the reduction in both consumer and commercial lending early stage delinquencies resulted from improved credit quality . see note 1 accounting policies in the notes to consolidated financial statements of this report for additional information regarding our nonperforming loan and nonaccrual policies . accruing loans past due 90 days or more are referred to as late stage delinquencies . these loans are not included in nonperforming loans and continue to accrue interest because they are well secured by collateral , and/or are in the process of collection , are managed in homogenous portfolios with specified charge-off timeframes adhering to regulatory guidelines , or are certain government insured or guaranteed loans . these loans decreased $ .4 billion , or 26% ( 26 % ) , from $ 1.5 billion at december 31 , 2013 to $ 1.1 billion at december 31 , 2014 , mainly due to a decline in government insured residential real estate loans of $ .3 billion , the majority of which we took possession of and conveyed the real estate , or are in the process of conveyance and claim resolution . the following tables display the delinquency status of our loans at december 31 , 2014 and december 31 , 2013 . additional information regarding accruing loans past due is included in note 3 asset quality in the notes to consolidated financial statements of this report . 74 the pnc financial services group , inc . 2013 form 10-k .
Question: by how much , in billions , did early stage loans decrease between dec 31 2013 and dec 31 2014?
Answer:
|
0.2
|
by how much , in billions , did early stage loans decrease between dec 31 2013 and dec 31 2014?
|
{
"options": {
"A": "0.4",
"B": "0.2",
"C": "0.6",
"D": "0.8"
},
"goldenKey": "B"
}
|
{
"A": "0.4",
"B": "0.2",
"C": "0.6",
"D": "0.8"
}
|
B
|
finqa2340
|
Please answer the given financial question based on the context.
Context: part ii , item 8 20 . pension and other benefit plans adoption of sfas 158 in september 2006 , the financial accounting standards board issued sfas 158 ( employer 2019s accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) ) . sfas 158 required schlumberger to recognize the funded status ( i.e. , the difference between the fair value of plan assets and the benefit obligation ) of its defined benefit pension and other postretirement plans ( collectively 201cpostretirement benefit plans 201d ) in its december 31 , 2006 consolidated balance sheet , with a corresponding adjustment to accumulated other comprehensive income , net of tax . the adjustment to accumulated other comprehensive income at adoption represents the net unrecognized actuarial losses and unrecognized prior service costs which were previously netted against schlumberger 2019s postretirement benefit plans 2019 funded status in the consolidated balance sheet pursuant to the provisions of sfas 87 ( employers 2019 accounting for pensions ) and sfas 106 ( employer 2019s accounting for postretirement benefits other than pensions ) . these amounts will subsequently be recognized as net periodic postretirement cost consistent with schlumberger 2019s historical accounting policy for amortizing such amounts . the adoption of sfas 158 had no effect on schlumberger 2019s consolidated statement of income for the year ended december 31 , 2006 , or for any prior period , and it will not affect schlumberger 2019s operating results in future periods . additionally , sfas 158 did not have an effect on schlumberger 2019s consolidated balance sheet at december 31 , sfas 158 also required companies to measure the fair value of plan assets and benefit obligations as of the date of the fiscal year-end balance sheet . this provision of sfas 158 is not applicable as schlumberger already uses a measurement date of december 31 for its postretirement benefit plans . the incremental effect of applying sfas 158 on the consolidated balance sheet at december 31 , 2006 for all of schlumberger 2019s postretirement benefit plans is presented in the following table : ( stated in millions ) prior to application of sfas 158 sfas 158 adoption adjustments application of sfas 158 .
||prior to application of sfas 158|sfas 158 adoption adjustments|after application of sfas 158|
|deferred taxes ( current )|$ 191|$ -28 ( 28 )|$ 163|
|deferred taxes ( long-term )|$ 186|$ 227|$ 413|
|other assets|$ 416|$ -243 ( 243 )|$ 173|
|accounts payable and accrued liabilities|$ 3925|$ -77 ( 77 )|$ 3848|
|postretirement benefits|$ 713|$ 323|$ 1036|
|accumulated other comprehensive loss|$ -879 ( 879 )|$ -290 ( 290 )|$ -1169 ( 1169 )|
as a result of the adoption of sfas 158 , schlumberger 2019s total liabilities increased by approximately 2% ( 2 % ) and stockholders 2019 equity decreased by approximately 3% ( 3 % ) . the impact on schlumberger 2019s total assets was insignificant . united states defined benefit pension plans schlumberger and its united states subsidiary sponsor several defined benefit pension plans that cover substantially all employees hired prior to october 1 , 2004 . the benefits are based on years of service and compensation on a career-average pay basis . the funding policy with respect to qualified pension plans is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability , amounts that are deductible for income tax purposes , legal funding requirements and available cash flow . these contributions are intended to provide for benefits earned to date and those expected to be earned in the future. .
Question: by how much did sfas 158 adoption adjustments increase postretirement benefits?
Answer:
|
0.45302
|
by how much did sfas 158 adoption adjustments increase postretirement benefits?
|
{
"options": {
"A": "0.413",
"B": "0.323",
"C": "0.453",
"D": "0.163"
},
"goldenKey": "C"
}
|
{
"A": "0.413",
"B": "0.323",
"C": "0.453",
"D": "0.163"
}
|
C
|
finqa2341
|
Please answer the given financial question based on the context.
Context: table of contents item 2 . properties . the following table summarizes the facilities we lease as of december 31 , 2017 , 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 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|1218000|r&d manufacturing warehouse distribution and administrative|2018 2013 2031|
|san francisco bay area ca|616000|r&d manufacturing warehouse and administrative|2018 2013 2025|
|singapore|395000|r&d manufacturing warehouse distribution and administrative|2018 2013 2025|
|cambridge united kingdom*|92000|r&d manufacturing and administrative|2020 2013 2024|
|eindhoven the netherlands|42000|distribution and administrative|2020|
|madison wi*|73000|r&d manufacturing warehouse distribution and administrative|2018 2013 2019|
|other*|78000|administrative|2018 2013 2022|
________________ *excludes approximately 309000 square feet for which the leases do not commence until 2018 and beyond . item 3 . legal proceedings . we are involved in various lawsuits and claims arising in the ordinary course of business , including actions with respect to intellectual property , employment , and contractual matters . in connection with these matters , we assess , on a regular basis , the probability and range of possible loss based on the developments in these matters . a liability is recorded in the financial statements if it is believed to be probable that a loss has been incurred and the amount of the loss can be reasonably estimated . because litigation is inherently unpredictable and unfavorable results could occur , assessing contingencies is highly subjective and requires judgments about future events . we regularly review outstanding legal matters to determine the adequacy of the liabilities accrued and related disclosures . the amount of ultimate loss may differ from these estimates . each matter presents its own unique circumstances , and prior litigation does not necessarily provide a reliable basis on which to predict the outcome , or range of outcomes , in any individual proceeding . because of the uncertainties related to the occurrence , amount , and range of loss on any pending litigation or claim , we are currently unable to predict their ultimate outcome , and , with respect to any pending litigation or claim where no liability has been accrued , to make a meaningful estimate of the reasonably possible loss or range of loss that could result from an unfavorable outcome . in the event opposing litigants in outstanding litigations or claims ultimately succeed at trial and any subsequent appeals on their claims , any potential loss or charges in excess of any established accruals , individually or in the aggregate , could have a material adverse effect on our business , financial condition , results of operations , and/or cash flows in the period in which the unfavorable outcome occurs or becomes probable , and potentially in future periods . item 4 . mine safety disclosures . not applicable. .
Question: as of december 312017 what was the ratio of square footage in san francisco bay area ca singapore
Answer:
|
1.55949
|
as of december 312017 what was the ratio of square footage in san francisco bay area ca singapore
|
{
"options": {
"A": "1.55949",
"B": "0.39747",
"C": "0.03401",
"D": "0.02128"
},
"goldenKey": "A"
}
|
{
"A": "1.55949",
"B": "0.39747",
"C": "0.03401",
"D": "0.02128"
}
|
A
|
finqa2342
|
Please answer the given financial question based on the context.
Context: zimmer biomet holdings , inc . 2015 form 10-k annual report through february 25 , 2016 , we repurchased approximately $ 415.0 million of shares of our common stock , which includes the $ 250.0 million of shares that we repurchased from certain selling stockholders on february 10 , 2016 . in order to achieve operational synergies , we expect cash outlays related to our integration plans to be approximately $ 290.0 million in 2016 . these cash outlays are necessary to achieve our integration goals of net annual pre-tax operating profit synergies of $ 350.0 million by the end of the third year post-closing date . also as discussed in note 20 to our consolidated financial statements , as of december 31 , 2015 , a short-term liability of $ 50.0 million and long-term liability of $ 264.6 million related to durom cup product liability claims was recorded on our consolidated balance sheet . we expect to continue paying these claims over the next few years . we expect to be reimbursed a portion of these payments for product liability claims from insurance carriers . as of december 31 , 2015 , we have received a portion of the insurance proceeds we estimate we will recover . we have a long-term receivable of $ 95.3 million remaining for future expected reimbursements from our insurance carriers . we also had a short-term liability of $ 33.4 million related to biomet metal-on-metal hip implant claims . at december 31 , 2015 , we had ten tranches of senior notes outstanding as follows ( dollars in millions ) : principal interest rate maturity date .
|principal|interest rate|maturity date|
|$ 500.0|1.450% ( 1.450 % )|april 1 2017|
|1150.0|2.000|april 1 2018|
|500.0|4.625|november 30 2019|
|1500.0|2.700|april 1 2020|
|300.0|3.375|november 30 2021|
|750.0|3.150|april 1 2022|
|2000.0|3.550|april 1 2025|
|500.0|4.250|august 15 2035|
|500.0|5.750|november 30 2039|
|1250.0|4.450|august 15 2045|
we issued $ 7.65 billion of senior notes in march 2015 ( the 201cmerger notes 201d ) , the proceeds of which were used to finance a portion of the cash consideration payable in the biomet merger , pay merger related fees and expenses and pay a portion of biomet 2019s funded debt . on june 24 , 2015 , we also borrowed $ 3.0 billion on a u.s . term loan ( 201cu.s . term loan 201d ) to fund the biomet merger . we may , at our option , redeem our senior notes , in whole or in part , at any time upon payment of the principal , any applicable make-whole premium , and accrued and unpaid interest to the date of redemption . in addition , the merger notes and the 3.375% ( 3.375 % ) senior notes due 2021 may be redeemed at our option without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date . we have a $ 4.35 billion credit agreement ( 201ccredit agreement 201d ) that contains : ( i ) a 5-year unsecured u.s . term loan facility ( 201cu.s . term loan facility 201d ) in the principal amount of $ 3.0 billion , and ( ii ) a 5-year unsecured multicurrency revolving facility ( 201cmulticurrency revolving facility 201d ) in the principal amount of $ 1.35 billion . the multicurrency revolving facility will mature in may 2019 , with two one-year extensions available at our option . borrowings under the multicurrency revolving facility may be used for general corporate purposes . there were no borrowings outstanding under the multicurrency revolving facility as of december 31 , 2015 . the u.s . term loan facility will mature in june 2020 , with principal payments due beginning september 30 , 2015 , as follows : $ 75.0 million on a quarterly basis during the first three years , $ 112.5 million on a quarterly basis during the fourth year , and $ 412.5 million on a quarterly basis during the fifth year . in 2015 , we paid $ 500.0 million in principal under the u.s . term loan facility , resulting in $ 2.5 billion in outstanding borrowings as of december 31 , we and certain of our wholly owned foreign subsidiaries are the borrowers under the credit agreement . borrowings under the credit agreement bear interest at floating rates based upon indices determined by the currency of the borrowings plus an applicable margin determined by reference to our senior unsecured long-term credit rating , or at an alternate base rate , or , in the case of borrowings under the multicurrency revolving facility only , at a fixed rate determined through a competitive bid process . the credit agreement contains customary affirmative and negative covenants and events of default for an unsecured financing arrangement , including , among other things , limitations on consolidations , mergers and sales of assets . financial covenants include a consolidated indebtedness to consolidated ebitda ratio of no greater than 5.0 to 1.0 through june 24 , 2016 and no greater than 4.5 to 1.0 thereafter . if our credit rating falls below investment grade , additional restrictions would result , including restrictions on investments and payment of dividends . we were in compliance with all covenants under the credit agreement as of december 31 , 2015 . commitments under the credit agreement are subject to certain fees . on the multicurrency revolving facility , we pay a facility fee at a rate determined by reference to our senior unsecured long-term credit rating . we have a japan term loan agreement with one of the lenders under the credit agreement for 11.7 billion japanese yen that will mature on may 31 , 2018 . borrowings under the japan term loan bear interest at a fixed rate of 0.61 percent per annum until maturity . we also have other available uncommitted credit facilities totaling $ 35.8 million . we place our cash and cash equivalents in highly-rated financial institutions and limit the amount of credit exposure to any one entity . we invest only in high-quality financial instruments in accordance with our internal investment policy . as of december 31 , 2015 , we had short-term and long-term investments in debt securities with a fair value of $ 273.1 million . these investments are in debt securities of many different issuers and , therefore , we believe we have no significant concentration of risk with a single issuer . all of these debt securities remain highly rated and we believe the risk of default by the issuers is low. .
Question: what is the short-term liability of $ 33.4 million related to biomet metal-on-metal hip implant claims as a percentage of the long-term receivable of $ 95.3 million remaining for future expected reimbursements from our insurance carriers?
Answer:
|
0.35047
|
what is the short-term liability of $ 33.4 million related to biomet metal-on-metal hip implant claims as a percentage of the long-term receivable of $ 95.3 million remaining for future expected reimbursements from our insurance carriers?
|
{
"options": {
"A": "0.25012",
"B": "0.35047",
"C": "0.45023",
"D": "0.55089"
},
"goldenKey": "B"
}
|
{
"A": "0.25012",
"B": "0.35047",
"C": "0.45023",
"D": "0.55089"
}
|
B
|
finqa2343
|
Please answer the given financial question based on the context.
Context: item 2 : properties information concerning applied 2019s properties at october 30 , 2016 is set forth below: .
|( square feet in thousands )|united states|other countries|total|
|owned|3745|1629|5374|
|leased|564|1103|1667|
|total|4309|2732|7041|
because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country . the company 2019s headquarters offices are in santa clara , california . products in semiconductor systems are manufactured in austin , texas ; gloucester , massachusetts ; kalispell , montana ; rehovot , israel ; and singapore . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display and adjacent markets segment are manufactured in alzenau , germany ; tainan , taiwan ; and santa clara , california . other products are manufactured in treviso , italy . applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support . applied also owns a total of approximately 280 acres of buildable land in montana , texas , california , massachusetts , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
Question: what percentage of company's properties are located in united states?
Answer:
|
0.61199
|
what percentage of company's properties are located in united states?
|
{
"options": {
"A": "0.61199%",
"B": "6.1199%",
"C": "61.199%",
"D": "611.99%"
},
"goldenKey": "A"
}
|
{
"A": "0.61199%",
"B": "6.1199%",
"C": "61.199%",
"D": "611.99%"
}
|
A
|
finqa2344
|
Please answer the given financial question based on the context.
Context: gain or loss on ownership change in map results from contributions to map of certain environmental capital expenditures and leased property acquisitions funded by marathon and ashland . in accordance with map 2019s limited liability company agreement , in certain instances , environmental capital expenditures and acquisitions of leased properties are funded by the original contributor of the assets , but no change in ownership interest may result from these contributions . an excess of ashland funded improvements over marathon funded improvements results in a net gain and an excess of marathon funded improvements over ashland funded improvements results in a net loss . cost of revenues increased by $ 5.822 billion in 2004 from 2003 and by $ 6.040 billion in 2003 from 2002 . the increases are primarily in the rm&t segment and result from higher acquisition costs for crude oil , refined products , refinery charge and blend feedstocks and increased manufacturing expenses . selling , general and administrative expenses increased by $ 105 million in 2004 from 2003 and by $ 97 million in 2003 from 2002 . the increase in 2004 was primarily due to increased stock-based compensation and higher costs associated with business transformation and outsourcing . our 2004 results were also impacted by start-up costs associated with the lng project in equatorial guinea and the increased cost of complying with governmental regulations . the increase in 2003 was primarily due to increased employee benefit expenses ( caused by increased pension expense resulting from changes in actuarial assumptions and a decrease in realized returns on plan assets ) and other employee related costs . additionally , during 2003 , we recorded a charge of $ 24 million related to organizational and business process changes . inventory market valuation reserve ( 2018 2018imv 2019 2019 ) is established to reduce the cost basis of inventories to current market value . generally , we will establish an imv reserve when crude oil prices fall below $ 22 per barrel . the 2002 results of operations include credits to income from operations of $ 71 million , reversing the imv reserve at december 31 , 2001 . net interest and other financial costs decreased by $ 25 million in 2004 from 2003 and by $ 82 million in 2003 from 2002 . the decrease in 2004 is primarily due to an increase in interest income . the decrease in 2003 is primarily due to an increase in capitalized interest related to increased long-term construction projects , the favorable effect of interest rate swaps , the favorable effect of a reduction in interest on tax deficiencies and increased interest income on investments . additionally , included in net interest and other financing costs are foreign currency gains of $ 9 million , $ 13 million and $ 8 million for 2004 , 2003 and 2002 . loss from early extinguishment of debt in 2002 was attributable to the retirement of $ 337 million aggregate principal amount of debt , resulting in a loss of $ 53 million . minority interest in income of map , which represents ashland 2019s 38 percent ownership interest , increased by $ 230 million in 2004 from 2003 and by $ 129 million in 2003 from 2002 . map income was higher in 2004 compared to 2003 and in 2003 compared to 2002 as discussed below in the rm&t segment . minority interest in loss of equatorial guinea lng holdings limited , which represents gepetrol 2019s 25 percent ownership interest , was $ 7 million in 2004 , primarily resulting from gepetrol 2019s share of start-up costs associated with the lng project in equatorial guinea . provision for income taxes increased by $ 143 million in 2004 from 2003 and by $ 215 million in 2003 from 2002 , primarily due to $ 388 million and $ 720 million increases in income before income taxes . the effective tax rate for 2004 was 36.6 percent compared to 36.6 percent and 42.1 percent for 2003 and 2002 . the higher rate in 2002 was due to the united kingdom enactment of a supplementary 10 percent tax on profits from the north sea oil and gas production , retroactively effective to april 17 , 2002 . in 2002 , we recognized a one-time noncash deferred tax adjustment of $ 61 million as a result of the rate increase . the following is an analysis of the effective tax rate for the periods presented: .
||2004|2003|2002|
|statutory tax rate|35.0% ( 35.0 % )|35.0% ( 35.0 % )|35.0% ( 35.0 % )|
|effects of foreign operations ( a )|1.3|-0.4 ( 0.4 )|5.6|
|state and local income taxes after federal income tax effects|1.6|2.2|3.9|
|other federal tax effects|-1.3 ( 1.3 )|-0.2 ( 0.2 )|-2.4 ( 2.4 )|
|effective tax rate|36.6% ( 36.6 % )|36.6% ( 36.6 % )|42.1% ( 42.1 % )|
( a ) the deferred tax effect related to the enactment of a supplemental tax in the u.k . increased the effective tax rate 7.0 percent in .
Question: what was the total included in net interest and other financing costs are foreign currency gains for 2004 , 2003 and 2002 in millions?
Answer:
|
30.0
|
what was the total included in net interest and other financing costs are foreign currency gains for 2004 , 2003 and 2002 in millions?
|
{
"options": {
"A": "9 million",
"B": "13 million",
"C": "8 million",
"D": "30 million"
},
"goldenKey": "D"
}
|
{
"A": "9 million",
"B": "13 million",
"C": "8 million",
"D": "30 million"
}
|
D
|
finqa2345
|
Please answer the given financial question based on the context.
Context: table of contents notes to consolidated financial statements of american airlines group inc . secured financings are collateralized by assets , primarily aircraft , engines , simulators , rotable aircraft parts , airport leasehold rights , route authorities and airport slots . at december 31 , 2015 , the company was operating 35 aircraft under capital leases . leases can generally be renewed at rates based on fair market value at the end of the lease term for a number of additional years . at december 31 , 2015 , the maturities of long-term debt and capital lease obligations are as follows ( in millions ) : .
|2016|$ 2266|
|2017|1598|
|2018|2134|
|2019|3378|
|2020|3587|
|2021 and thereafter|7844|
|total|$ 20807|
( a ) 2013 credit facilities on june 27 , 2013 , american and aag entered into a credit and guaranty agreement ( as amended , restated , amended and restated or otherwise modified , the 2013 credit agreement ) with deutsche bank ag new york branch , as administrative agent , and certain lenders that originally provided for a $ 1.9 billion term loan facility scheduled to mature on june 27 , 2019 ( the 2013 term loan facility ) and a $ 1.0 billion revolving credit facility scheduled to mature on june 27 , 2018 ( the 2013 revolving facility ) . the maturity of the term loan facility was subsequently extended to june 2020 and the revolving credit facility commitments were subsequently increased to $ 1.4 billion with an extended maturity date of october 10 , 2020 , all of which is further described below . on may 21 , 2015 , american amended and restated the 2013 credit agreement pursuant to which it refinanced the 2013 term loan facility ( the $ 1.9 billion 2015 term loan facility and , together with the 2013 revolving facility , the 2013 credit facilities ) to extend the maturity date to june 2020 and reduce the libor margin from 3.00% ( 3.00 % ) to 2.75% ( 2.75 % ) . in addition , american entered into certain amendments to reflect the ability for american to make future modifications to the collateral pledged , subject to certain restrictions . the $ 1.9 billion 2015 term loan facility is repayable in annual installments , with the first installment in an amount equal to 1.25% ( 1.25 % ) of the principal amount commencing on june 27 , 2016 and installments thereafter , in an amount equal to 1.0% ( 1.0 % ) of the principal amount , with any unpaid balance due on the maturity date . as of december 31 , 2015 , $ 1.9 billion of principal was outstanding under the $ 1.9 billion 2015 term loan facility . voluntary prepayments may be made by american at any time . on october 10 , 2014 , american and aag amended the 2013 credit agreement to extend the maturity date of the 2013 revolving facility to october 10 , 2019 and increased the commitments thereunder to an aggregate principal amount of $ 1.4 billion while reducing the letter of credit commitments thereunder to $ 300 million . on october 26 , 2015 , american , aag , us airways group and us airways amended the 2013 credit agreement to extend the maturity date of the 2013 revolving facility to october 10 , 2020 . the 2013 revolving facility provides that american may from time to time borrow , repay and reborrow loans thereunder and have letters of credit issued thereunder . as of december 31 , 2015 , there were no borrowings or letters of credit outstanding under the 2013 revolving facility . the 2013 credit facilities bear interest at an index rate plus an applicable index margin or , at american 2019s option , libor ( subject to a floor of 0.75% ( 0.75 % ) , with respect to the $ 1.9 billion 2015 term loan facility ) plus a libor margin of 3.00% ( 3.00 % ) with respect to the 2013 revolving facility and 2.75% ( 2.75 % ) with respect to the $ 1.9 billion 2015 term loan facility ; provided that american 2019s corporate credit rating is ba3 or higher from moody 2019s and bb- or higher from s&p , the applicable libor margin would be 2.50% ( 2.50 % ) for the $ 1.9 billion 2015 term loan .
Question: what is the percent of the lease expenses after 2021 as a part of the total amount
Answer:
|
0.37699
|
what is the percent of the lease expenses after 2021 as a part of the total amount
|
{
"options": {
"A": "0.37699%",
"B": "37.699%",
"C": "3.7699%",
"D": "376.99%"
},
"goldenKey": "A"
}
|
{
"A": "0.37699%",
"B": "37.699%",
"C": "3.7699%",
"D": "376.99%"
}
|
A
|
finqa2346
|
Please answer the given financial question based on the context.
Context: 57management's discussion and analysis of financial condition and results of operations facility include covenants relating to net interest coverage and total debt-to-book capitalization ratios . the company was in compliance with the terms of the 3-year credit facility at december 31 , 2005 . the company has never borrowed under its domestic revolving credit facilities . utilization of the non-u.s . credit facilities may also be dependent on the company's ability to meet certain conditions at the time a borrowing is requested . contractual obligations , guarantees , and other purchase commitments contractual obligations summarized in the table below are the company's obligations and commitments to make future payments under debt obligations ( assuming earliest possible exercise of put rights by holders ) , lease payment obligations , and purchase obligations as of december 31 , 2005 . payments due by period ( 1 ) ( in millions ) total 2006 2007 2008 2009 2010 thereafter .
|( in millions )|payments due by period ( 1 ) total|payments due by period ( 1 ) 2006|payments due by period ( 1 ) 2007|payments due by period ( 1 ) 2008|payments due by period ( 1 ) 2009|payments due by period ( 1 ) 2010|payments due by period ( 1 ) thereafter|
|long-term debt obligations|$ 4033|$ 119|$ 1222|$ 200|$ 2|$ 529|$ 1961|
|lease obligations|1150|438|190|134|109|84|195|
|purchase obligations|992|418|28|3|2|2|539|
|total contractual obligations|$ 6175|$ 975|$ 1440|$ 337|$ 113|$ 615|$ 2695|
( 1 ) amounts included represent firm , non-cancelable commitments . debt obligations : at december 31 , 2005 , the company's long-term debt obligations , including current maturities and unamortized discount and issue costs , totaled $ 4.0 billion , as compared to $ 5.0 billion at december 31 , 2004 . a table of all outstanding long-term debt securities can be found in note 4 , ""debt and credit facilities'' to the company's consolidated financial statements . as previously discussed , the decrease in the long- term debt obligations as compared to december 31 , 2004 , was due to the redemptions and repurchases of $ 1.0 billion principal amount of outstanding securities during 2005 . also , as previously discussed , the remaining $ 118 million of 7.6% ( 7.6 % ) notes due january 1 , 2007 were reclassified to current maturities of long-term debt . lease obligations : the company owns most of its major facilities , but does lease certain office , factory and warehouse space , land , and information technology and other equipment under principally non-cancelable operating leases . at december 31 , 2005 , future minimum lease obligations , net of minimum sublease rentals , totaled $ 1.2 billion . rental expense , net of sublease income , was $ 254 million in 2005 , $ 217 million in 2004 and $ 223 million in 2003 . purchase obligations : the company has entered into agreements for the purchase of inventory , license of software , promotional agreements , and research and development agreements which are firm commitments and are not cancelable . the longest of these agreements extends through 2015 . total payments expected to be made under these agreements total $ 992 million . commitments under other long-term agreements : the company has entered into certain long-term agreements to purchase software , components , supplies and materials from suppliers . most of the agreements extend for periods of one to three years ( three to five years for software ) . however , generally these agreements do not obligate the company to make any purchases , and many permit the company to terminate the agreement with advance notice ( usually ranging from 60 to 180 days ) . if the company were to terminate these agreements , it generally would be liable for certain termination charges , typically based on work performed and supplier on-hand inventory and raw materials attributable to canceled orders . the company's liability would only arise in the event it terminates the agreements for reasons other than ""cause.'' in 2003 , the company entered into outsourcing contracts for certain corporate functions , such as benefit administration and information technology related services . these contracts generally extend for 10 years and are expected to expire in 2013 . the total payments under these contracts are approximately $ 3 billion over 10 years ; however , these contracts can be terminated . termination would result in a penalty substantially less than the annual contract payments . the company would also be required to find another source for these services , including the possibility of performing them in-house . as is customary in bidding for and completing network infrastructure projects and pursuant to a practice the company has followed for many years , the company has a number of performance/bid bonds and standby letters of credit outstanding , primarily relating to projects of government and enterprise mobility solutions segment and the networks segment . these instruments normally have maturities of up to three years and are standard in the .
Question: what percentage of total contractual obligations are long-term debt obligations?
Answer:
|
0.65312
|
what percentage of total contractual obligations are long-term debt obligations?
|
{
"options": {
"A": "65.312%",
"B": "6.5312%",
"C": "0.65312%",
"D": "0.065312%"
},
"goldenKey": "C"
}
|
{
"A": "65.312%",
"B": "6.5312%",
"C": "0.65312%",
"D": "0.065312%"
}
|
C
|
finqa2347
|
Please answer the given financial question based on the context.
Context: table of contents the foreign provision for income taxes is based on foreign pre-tax earnings of $ 33.6 billion , $ 30.5 billion and $ 36.8 billion in 2014 , 2013 and 2012 , respectively . the company 2019s consolidated financial statements provide for any related tax liability on undistributed earnings that the company does not intend to be indefinitely reinvested outside the u.s . substantially all of the company 2019s undistributed international earnings intended to be indefinitely reinvested in operations outside the u.s . were generated by subsidiaries organized in ireland , which has a statutory tax rate of 12.5% ( 12.5 % ) . as of september 27 , 2014 , u.s . income taxes have not been provided on a cumulative total of $ 69.7 billion of such earnings . the amount of unrecognized deferred tax liability related to these temporary differences is estimated to be approximately $ 23.3 billion . as of september 27 , 2014 and september 28 , 2013 , $ 137.1 billion and $ 111.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . a reconciliation of the provision for income taxes , with the amount computed by applying the statutory federal income tax rate ( 35% ( 35 % ) in 2014 , 2013 and 2012 ) to income before provision for income taxes for 2014 , 2013 and 2012 , is as follows ( dollars in millions ) : the company 2019s income taxes payable have been reduced by the tax benefits from employee stock plan awards . for stock options , the company receives an income tax benefit calculated as the tax effect of the difference between the fair market value of the stock issued at the time of the exercise and the exercise price . for rsus , the company receives an income tax benefit upon the award 2019s vesting equal to the tax effect of the underlying stock 2019s fair market value . the company had net excess tax benefits from equity awards of $ 706 million , $ 643 million and $ 1.4 billion in 2014 , 2013 and 2012 , respectively , which were reflected as increases to common stock . apple inc . | 2014 form 10-k | 64 .
||2014|2013|2012|
|computed expected tax|$ 18719|$ 17554|$ 19517|
|state taxes net of federal effect|469|508|677|
|indefinitely invested earnings of foreign subsidiaries|-4744 ( 4744 )|-4614 ( 4614 )|-5895 ( 5895 )|
|research and development credit net|-88 ( 88 )|-287 ( 287 )|-103 ( 103 )|
|domestic production activities deduction|-495 ( 495 )|-308 ( 308 )|-328 ( 328 )|
|other|112|265|162|
|provision for income taxes|$ 13973|$ 13118|$ 14030|
|effective tax rate|26.1% ( 26.1 % )|26.2% ( 26.2 % )|25.2% ( 25.2 % )|
.
Question: what is the average effective tax rate for the 3 years ended 2014?
Answer:
|
25.83333
|
what is the average effective tax rate for the 3 years ended 2014?
|
{
"options": {
"A": "26.1%",
"B": "26.2%",
"C": "25.2%",
"D": "25.83333%"
},
"goldenKey": "D"
}
|
{
"A": "26.1%",
"B": "26.2%",
"C": "25.2%",
"D": "25.83333%"
}
|
D
|
finqa2348
|
Please answer the given financial question based on the context.
Context: decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume . the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume . aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 . the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix . the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume . operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs . backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program . trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts . operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years . information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers . is&gs has a portfolio of many smaller contracts as compared to our other business segments . is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price . is&gs 2019 operating results included the following ( in millions ) : .
||2014|2013|2012|
|net sales|$ 7788|$ 8367|$ 8846|
|operating profit|699|759|808|
|operating margins|9.0% ( 9.0 % )|9.1% ( 9.1 % )|9.1% ( 9.1 % )|
|backlog at year-end|$ 8700|$ 8300|$ 8700|
2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 . the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions . the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the growth rate in operating profit from 2013 to 2014 for is&gs?
Answer:
|
-0.07905
|
what is the growth rate in operating profit from 2013 to 2014 for is&gs?
|
{
"options": {
"A": "-0.07905",
"B": "0.07905",
"C": "-0.07",
"D": "0.07"
},
"goldenKey": "A"
}
|
{
"A": "-0.07905",
"B": "0.07905",
"C": "-0.07",
"D": "0.07"
}
|
A
|
finqa2349
|
Please answer the given financial question based on the context.
Context: at december 31 , 2012 and 2011 , we had a working capital surplus . this reflects a strong cash position , which provides enhanced liquidity in an uncertain economic environment . in addition , we believe we have adequate access to capital markets to meet any foreseeable cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . cash flows millions 2012 2011 2010 .
|cash flowsmillions|2012|2011|2010|
|cash provided by operating activities|$ 6161|$ 5873|$ 4105|
|cash used in investing activities|-3633 ( 3633 )|-3119 ( 3119 )|-2488 ( 2488 )|
|cash used in financing activities|-2682 ( 2682 )|-2623 ( 2623 )|-2381 ( 2381 )|
|net change in cash and cashequivalents|$ -154 ( 154 )|$ 131|$ -764 ( 764 )|
operating activities higher net income in 2012 increased cash provided by operating activities compared to 2011 , partially offset by lower tax benefits from bonus depreciation ( as explained below ) and payments for past wages based on national labor negotiations settled earlier this year . higher net income and lower cash income tax payments in 2011 increased cash provided by operating activities compared to 2010 . the tax relief , unemployment insurance reauthorization , and job creation act of 2010 provided for 100% ( 100 % ) bonus depreciation for qualified investments made during 2011 , and 50% ( 50 % ) bonus depreciation for qualified investments made during 2012 . as a result of the act , the company deferred a substantial portion of its 2011 income tax expense . this deferral decreased 2011 income tax payments , thereby contributing to the positive operating cash flow . in future years , however , additional cash will be used to pay income taxes that were previously deferred . in addition , the adoption of a new accounting standard in january of 2010 changed the accounting treatment for our receivables securitization facility from a sale of undivided interests ( recorded as an operating activity ) to a secured borrowing ( recorded as a financing activity ) , which decreased cash provided by operating activities by $ 400 million in 2010 . investing activities higher capital investments in 2012 drove the increase in cash used in investing activities compared to 2011 . included in capital investments in 2012 was $ 75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012 , which we exercised due to favorable economic terms and market conditions . higher capital investments partially offset by higher proceeds from asset sales in 2011 drove the increase in cash used in investing activities compared to 2010. .
Question: what would 2012 capital expenditures have been without the early buyout of locomotives , in millions?
Answer:
|
3558.0
|
what would 2012 capital expenditures have been without the early buyout of locomotives , in millions?
|
{
"options": {
"A": "3633",
"B": "3119",
"C": "2488",
"D": "3558"
},
"goldenKey": "D"
}
|
{
"A": "3633",
"B": "3119",
"C": "2488",
"D": "3558"
}
|
D
|
finqa2350
|
Please answer the given financial question based on the context.
Context: reinvested for continued use in foreign operations . if the total undistributed earnings of foreign subsidiaries were remitted , a significant amount of the additional tax would be offset by the allowable foreign tax credits . it is not practical for us to determine the additional tax of remitting these earnings . in september 2007 , we reached a settlement with the united states department of justice to resolve an investigation into financial relationships between major orthopaedic manufacturers and consulting orthopaedic surgeons . under the terms of the settlement , we paid a civil settlement amount of $ 169.5 million and we recorded an expense in that amount . at the time , no tax benefit was recorded related to the settlement expense due to the uncertainty as to the tax treatment . during the third quarter of 2008 , we reached an agreement with the u.s . internal revenue service ( irs ) confirming the deductibility of a portion of the settlement payment . as a result , during 2008 we recorded a current tax benefit of $ 31.7 million . in june 2006 , the financial accounting standards board ( fasb ) issued interpretation no . 48 , accounting for uncertainty in income taxes 2013 an interpretation of fasb statement no . 109 , accounting for income taxes ( fin 48 ) . fin 48 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements . under fin 48 , we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities , based on the technical merits of the position . the tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement . fin 48 also provides guidance on derecognition , classification , interest and penalties on income taxes , accounting in interim periods and requires increased disclosures . we adopted fin 48 on january 1 , 2007 . prior to the adoption of fin 48 we had a long term tax liability for expected settlement of various federal , state and foreign income tax liabilities that was reflected net of the corollary tax impact of these expected settlements of $ 102.1 million , as well as a separate accrued interest liability of $ 1.7 million . as a result of the adoption of fin 48 , we are required to present the different components of such liability on a gross basis versus the historical net presentation . the adoption resulted in the financial statement liability for unrecognized tax benefits decreasing by $ 6.4 million as of january 1 , 2007 . the adoption resulted in this decrease in the liability as well as a reduction to retained earnings of $ 4.8 million , a reduction in goodwill of $ 61.4 million , the establishment of a tax receivable of $ 58.2 million , which was recorded in other current and non-current assets on our consolidated balance sheet , and an increase in an interest/penalty payable of $ 7.9 million , all as of january 1 , 2007 . therefore , after the adoption of fin 48 , the amount of unrecognized tax benefits is $ 95.7 million as of january 1 , 2007 . as of december 31 , 2008 , the amount of unrecognized tax benefits is $ 129.5 million . of this amount , $ 45.5 million would impact our effective tax rate if recognized . $ 38.2 million of the $ 129.5 million liability for unrecognized tax benefits relate to tax positions of acquired entities taken prior to their acquisition by us . under fas 141 ( r ) , if these liabilities are settled for different amounts , they will affect the income tax expense in the period of reversal or settlement . the following is a tabular reconciliation of the total amounts of unrecognized tax benefits ( in millions ) : .
||2008|2007|
|balance at january 1|$ 135.2|$ 95.7|
|increases related to prior periods|12.1|27.4|
|decreases related to prior periods|-32.0 ( 32.0 )|-5.5 ( 5.5 )|
|increases related to current period|15.8|21.9|
|decreases related to settlements with taxing authorities|-1.3 ( 1.3 )|-1.3 ( 1.3 )|
|decreases related to lapse of statue of limitations|-0.3 ( 0.3 )|-3.0 ( 3.0 )|
|balance at december 31|$ 129.5|$ 135.2|
we recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of earnings , which is consistent with the recognition of these items in prior reporting periods . as of december 31 , 2007 , we recorded a liability of $ 19.6 million for accrued interest and penalties , of which $ 14.7 million would impact our effective tax rate , if recognized . the amount of this liability is $ 22.9 million as of december 31 , 2008 . of this amount , $ 17.1 million would impact our effective tax rate , if recognized . we expect that the amount of tax liability for unrecognized tax benefits will change in the next twelve months ; however , we do not expect these changes will have a significant impact on our results of operations or financial position . the u.s . federal statute of limitations remains open for the year 2003 and onward . the u.s . federal returns for years 2003 and 2004 are currently under examination by the irs . on july 15 , 2008 , the irs issued its examination report . we filed a formal protest on august 15 , 2008 and requested a conference with the appeals office regarding disputed issues . although the appeals process could take several years , we do not anticipate resolution of the audit will result in any significant impact on our results of operations , financial position or cash flows . in addition , for the 1999 tax year of centerpulse , which we acquired in october 2003 , one issue remains in dispute . state income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return . the state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states . we have various state income tax returns in the process of examination , administrative appeals or litigation . it is z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 057000000 ***%%pcmsg|57 |00010|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .
Question: what is the change in unrecognized tax benefits between 2007 and 2008 in millions?
Answer:
|
-5.7
|
what is the change in unrecognized tax benefits between 2007 and 2008 in millions?
|
{
"options": {
"A": "-5.7",
"B": "5.7",
"C": "129.5",
"D": "135.2"
},
"goldenKey": "A"
}
|
{
"A": "-5.7",
"B": "5.7",
"C": "129.5",
"D": "135.2"
}
|
A
|
finqa2351
|
Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity and related stockholder matters recent sales of unregistered securities during the fourth quarter of 2003 , aes issued an aggregated of 20.2 million shares of its common stock in exchange for $ 20 million aggregate principal amount of its senior notes . the shares were issued without registration in reliance upon section 3 ( a ) ( 9 ) under the securities act of 1933 . market information our common stock is currently traded on the new york stock exchange ( 2018 2018nyse 2019 2019 ) under the symbol 2018 2018aes . 2019 2019 the following tables set forth the high and low sale prices for our common stock as reported by the nyse for the periods indicated . price range of common stock .
|2003 first quarter|high $ 4.04|low $ 2.72|2002 first quarter|high $ 17.84|low $ 4.11|
|second quarter|8.37|3.75|second quarter|9.17|3.55|
|third quarter|7.70|5.91|third quarter|4.61|1.56|
|fourth quarter|9.50|7.57|fourth quarter|3.57|0.95|
holders as of march 3 , 2004 , there were 9026 record holders of our common stock , par value $ 0.01 per share . dividends under the terms of our senior secured credit facilities , which we entered into with a commercial bank syndicate , we are not allowed to pay cash dividends . in addition , under the terms of a guaranty we provided to the utility customer in connection with the aes thames project , we are precluded from paying cash dividends on our common stock if we do not meet certain net worth and liquidity tests . our project subsidiaries 2019 ability to declare and pay cash dividends to us is subject to certain limitations contained in the project loans , governmental provisions and other agreements that our project subsidiaries are subject to . see item 12 ( d ) of this form 10-k for information regarding securities authorized for issuance under equity compensation plans. .
Question: what was the difference in the low price for the first quarter of 2003 and the high price for the fourth quarter of 2002?
Answer:
|
-0.54
|
what was the difference in the low price for the first quarter of 2003 and the high price for the fourth quarter of 2002?
|
{
"options": {
"A": "-0.54",
"B": "1.93",
"C": "2.61",
"D": "5.96"
},
"goldenKey": "A"
}
|
{
"A": "-0.54",
"B": "1.93",
"C": "2.61",
"D": "5.96"
}
|
A
|
finqa2352
|
Please answer the given financial question based on the context.
Context: the following is a schedule of future minimum rental payments required under long-term operating leases at october 29 , 2011 : fiscal years operating leases .
|fiscal years|operating leases|
|2012|$ 17590|
|2013|12724|
|2014|6951|
|2015|5649|
|2016|3669|
|later years|19472|
|total|$ 66055|
12 . commitments and contingencies from time to time in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes . as to such claims and litigation , the company can give no assurance that it will prevail . the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows . 13 . retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees . the company maintains a defined contribution plan for the benefit of its eligible u.s . employees . this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation . in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation . the total expense related to the defined contribution plan for u.s . employees was $ 21.9 million in fiscal 2011 , $ 20.5 million in fiscal 2010 and $ 21.5 million in fiscal 2009 . the company also has various defined benefit pension and other retirement plans for certain non-u.s . employees that are consistent with local statutory requirements and practices . the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s . employees was $ 21.4 million in fiscal 2011 , $ 11.7 million in fiscal 2010 and $ 10.9 million in fiscal 2009 . non-u.s . plan disclosures the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country . the plans 2019 assets consist primarily of u.s . and non-u.s . equity securities , bonds , property and cash . the benefit obligations and related assets under these plans have been measured at october 29 , 2011 and october 30 , 2010 . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what is the growth rate in the total expense related to the defined contribution plan for u.s.employees in 2011?
Answer:
|
0.06829
|
what is the growth rate in the total expense related to the defined contribution plan for u.s.employees in 2011?
|
{
"options": {
"A": "0.06829",
"B": "0.02000",
"C": "0.05000",
"D": "0.10000"
},
"goldenKey": "A"
}
|
{
"A": "0.06829",
"B": "0.02000",
"C": "0.05000",
"D": "0.10000"
}
|
A
|
finqa2353
|
Please answer the given financial question based on the context.
Context: entergy gulf states , inc . management's financial discussion and analysis .
||( in millions )|
|2002 net revenue|$ 1130.7|
|volume/weather|17.8|
|fuel write-offs in 2002|15.3|
|net wholesale revenue|10.2|
|base rate decreases|-23.3 ( 23.3 )|
|nisco gain recognized in 2002|-15.2 ( 15.2 )|
|rate refund provisions|-11.3 ( 11.3 )|
|other|-14.1 ( 14.1 )|
|2003 net revenue|$ 1110.1|
the volume/weather variance was due to higher electric sales volume in the service territory . billed usage increased a total of 517 gwh in the residential and commercial sectors . the increase was partially offset by a decrease in industrial usage of 470 gwh due to the loss of two large industrial customers to cogeneration . the customers accounted for approximately 1% ( 1 % ) of entergy gulf states' net revenue in 2002 . in 2002 , deferred fuel costs of $ 8.9 million related to a texas fuel reconciliation case were written off and $ 6.5 million in expense resulted from an adjustment in the deregulated asset plan percentage as the result of a power uprate at river bend . the increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and co- op customers and also to affiliated systems related to entergy's generation resource planning . the base rate decreases were effective june 2002 and january 2003 , both in the louisiana jurisdiction . 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 to reflect an assumed extension of river bend's useful life . in 2002 , a gain of $ 15.2 million was recognized for the louisiana portion of the 1988 nelson units 1 and 2 sale . entergy gulf states received approval from the lpsc to discontinue applying amortization of the gain against recoverable fuel , resulting in the recognition of the deferred gain in income . rate refund provisions caused a decrease in net revenue due to additional provisions recorded in 2003 compared to 2002 for potential rate actions and refunds . gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 440.2 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions . fuel and purchased power expenses increased $ 471.1 million due to an increase in the market prices of natural gas and purchased power . other income statement variances 2004 compared to 2003 other operation and maintenance expenses decreased primarily due to : 2022 voluntary severance program accruals of $ 22.5 million in 2003 ; and 2022 a decrease of $ 4.3 million in nuclear material and labor costs due to reduced staff in 2004. .
Question: what is the growth rate in net revenue in 2003 for entergy gulf states , inc.?
Answer:
|
-0.01822
|
what is the growth rate in net revenue in 2003 for entergy gulf states , inc.?
|
{
"options": {
"A": "0.01822",
"B": "-0.01822",
"C": "0.1822",
"D": "-0.1822"
},
"goldenKey": "B"
}
|
{
"A": "0.01822",
"B": "-0.01822",
"C": "0.1822",
"D": "-0.1822"
}
|
B
|
finqa2354
|
Please answer the given financial question based on the context.
Context: consume significant amounts of energy , and we may in the future incur additional or increased capital , operating and other expenditures from changes due to new or increased climate-related and other environmental regulations . we could also incur substantial liabilities , including fines or sanctions , enforcement actions , natural resource damages claims , cleanup and closure costs , and third-party claims for property damage and personal injury under environmental and common laws . the foreign corrupt practices act of 1977 and local anti-bribery laws , including those in brazil , china , mexico , india and the united kingdom ( where we maintain operations directly or through a joint venture ) , prohibit companies and their intermediaries from making improper payments to government officials for the purpose of influencing official decisions . our internal control policies and procedures , or those of our vendors , may not adequately protect us from reckless or criminal acts committed or alleged to have been committed by our employees , agents or vendors . any such violations could lead to civil or criminal monetary and non-monetary penalties and/or could damage our reputation . we are subject to a number of labor and employment laws and regulations that could significantly increase our operating costs and reduce our operational flexibility . additionally , changing privacy laws in the united states ( including the california consumer privacy act , which will become effective in january 2020 ) , europe ( where the general data protection regulation became effective in 2018 ) and elsewhere have created new individual privacy rights , imposed increased obligations on companies handling personal data and increased potential exposure to fines and penalties . item 1b . unresolved staff comments there are no unresolved sec staff comments . item 2 . properties we operate locations in north america , including the majority of u.s . states , south america , europe , asia and australia . we lease our principal offices in atlanta , ga . we believe that our existing production capacity is adequate to serve existing demand for our products and consider our plants and equipment to be in good condition . our corporate and operating facilities as of september 30 , 2019 are summarized below: .
|segment|number of facilities owned|number of facilities leased|number of facilities total|
|corrugated packaging|112|61|173|
|consumer packaging|84|55|139|
|corporate and significant regional offices|2014|10|10|
|total|196|126|322|
the tables that follow show our annual production capacity by mill at september 30 , 2019 in thousands of tons , except for the north charleston , sc mill which reflects our capacity after the previously announced machine closure expected to occur in fiscal 2020 . our mill system production levels and operating rates may vary from year to year due to changes in market and other factors , including the impact of hurricanes and other weather-related events . our simple average mill system operating rates for the last three years averaged 94% ( 94 % ) . we own all of our mills. .
Question: what was the ratio of the corrugated packaging number of facilities owned to those leased
Answer:
|
1.83607
|
what was the ratio of the corrugated packaging number of facilities owned to those leased
|
{
"options": {
"A": "1.83607",
"B": "0.54688",
"C": "1.39683",
"D": "0.68478"
},
"goldenKey": "A"
}
|
{
"A": "1.83607",
"B": "0.54688",
"C": "1.39683",
"D": "0.68478"
}
|
A
|
finqa2355
|
Please answer the given financial question based on the context.
Context: interest expense related to capital lease obligations was $ 1.7 million during both the years ended december 31 , 2013 and 2012 , and $ 1.5 million during the year ended december 31 , 2011 . purchase commitments in the table below , we set forth our enforceable and legally binding purchase obligations as of december 31 , 2013 . some of the amounts included in the table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties , and other factors . because these estimates and assumptions are necessarily subjective , our actual payments may vary from those reflected in the table . purchase orders made in the ordinary course of business are excluded from the table below . any amounts for which we are liable under purchase orders are reflected on the consolidated balance sheets as accounts payable and accrued liabilities . these obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one to 15 years . total purchase commitments are as follows ( dollars in thousands ) : .
|2014|$ 120971|
|2015|54757|
|2016|14840|
|2017|3017|
|2018|2545|
|thereafter|11536|
|total|$ 207666|
the company purchased a total of $ 61.7 million , $ 27.7 million , and $ 28.5 million during the years ended december 31 , 2013 , 2012 , and 2011 , respectively , under these purchase agreements . the increase in purchase commitments in 2014 , compared with 2013 , relates to the acquisition of boise in fourth quarter 2013 . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 1994 through 2013 , remediation costs at the company 2019s mills and corrugated plants totaled approximately $ 3.2 million . at december 31 , 2013 , the company had $ 34.1 million of environmental-related reserves recorded on its consolidated balance sheet . of the $ 34.1 million , approximately $ 26.5 million related to environmental- related asset retirement obligations discussed in note 14 , asset retirement obligations , and $ 7.6 million related to our estimate of other environmental contingencies . the company recorded $ 7.8 million in 201caccrued liabilities 201d and $ 26.3 million in 201cother long-term liabilities 201d on the consolidated balance sheet . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . as of the date of this filing , the company believes that it is not reasonably possible that future environmental expenditures for remediation costs and asset retirement obligations above the $ 34.1 million accrued as of december 31 , 2013 , will have a material impact on its financial condition , results of operations , or cash flows . guarantees and indemnifications we provide guarantees , indemnifications , and other assurances to third parties in the normal course of our business . these include tort indemnifications , environmental assurances , and representations and warranties in commercial agreements . at december 31 , 2013 , we are not aware of any material liabilities arising from any guarantee , indemnification , or financial assurance we have provided . if we determined such a liability was probable and subject to reasonable determination , we would accrue for it at that time. .
Question: what percentage of total purchase commitments are due in 2016?
Answer:
|
0.07146
|
what percentage of total purchase commitments are due in 2016?
|
{
"options": {
"A": "0.07146%",
"B": "0.007146%",
"C": "0.7146%",
"D": "7.146%"
},
"goldenKey": "A"
}
|
{
"A": "0.07146%",
"B": "0.007146%",
"C": "0.7146%",
"D": "7.146%"
}
|
A
|
finqa2356
|
Please answer the given financial question based on the context.
Context: ( 2 ) in 2013 , our principal u.k subsidiary agreed with the trustees of one of the u.k . plans to contribute an average of $ 11 million per year to that pension plan for the next three years . the trustees of the plan have certain rights to request that our u.k . subsidiary advance an amount equal to an actuarially determined winding-up deficit . as of december 31 , 2015 , the estimated winding-up deficit was a3240 million ( $ 360 million at december 31 , 2015 exchange rates ) . the trustees of the plan have accepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up deficit be paid . ( 3 ) purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally binding on us , and that specifies all significant terms , including what is to be purchased , at what price and the approximate timing of the transaction . most of our purchase obligations are related to purchases of information technology services or other service contracts . ( 4 ) excludes $ 12 million of unfunded commitments related to an investment in a limited partnership due to our inability to reasonably estimate the period ( s ) when the limited partnership will request funding . ( 5 ) excludes $ 218 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period ( s ) when potential cash settlements will be made . financial condition at december 31 , 2015 , our net assets were $ 6.2 billion , representing total assets minus total liabilities , a decrease from $ 6.6 billion at december 31 , 2014 . the decrease was due primarily to share repurchases of $ 1.6 billion , dividends of $ 323 million , and an increase in accumulated other comprehensive loss of $ 289 million related primarily to an increase in the post- retirement benefit obligation , partially offset by net income of $ 1.4 billion for the year ended december 31 , 2015 . working capital increased by $ 77 million from $ 809 million at december 31 , 2014 to $ 886 million at december 31 , 2015 . accumulated other comprehensive loss increased $ 289 million at december 31 , 2015 as compared to december 31 , 2014 , which was primarily driven by the following : 2022 negative net foreign currency translation adjustments of $ 436 million , which are attributable to the strengthening of the u.s . dollar against certain foreign currencies , 2022 a decrease of $ 155 million in net post-retirement benefit obligations , and 2022 net financial instrument losses of $ 8 million . review by segment general we serve clients through the following segments : 2022 risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network . 2022 hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . risk solutions .
|years ended december 31 ( millions except percentage data )|2015|2014|2013|
|revenue|$ 7426|$ 7834|$ 7789|
|operating income|1506|1648|1540|
|operating margin|20.3% ( 20.3 % )|21.0% ( 21.0 % )|19.8% ( 19.8 % )|
the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business . the economic activity that impacts property and casualty insurance is described as exposure units , and is most closely correlated .
Question: what is the net income margin for 2015?
Answer:
|
0.18853
|
what is the net income margin for 2015?
|
{
"options": {
"A": "0.203",
"B": "0.210",
"C": "0.198",
"D": "0.189"
},
"goldenKey": "D"
}
|
{
"A": "0.203",
"B": "0.210",
"C": "0.198",
"D": "0.189"
}
|
D
|
finqa2357
|
Please answer the given financial question based on the context.
Context: condition are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table provides the weighted average assumptions used in the monte carlo simulation and the weighted average grant date fair values of psus granted for the years ended december 31: .
||2018|2017|2016|
|expected volatility|17.23% ( 17.23 % )|17.40% ( 17.40 % )|15.90% ( 15.90 % )|
|risk-free interest rate|2.36% ( 2.36 % )|1.53% ( 1.53 % )|0.91% ( 0.91 % )|
|expected life ( years )|3.0|3.0|3.0|
|grant date fair value per share|$ 73.62|$ 72.81|$ 77.16|
the grant date fair value of psus that vest ratably and have market and/or performance conditions are amortized through expense over the requisite service period using the graded-vesting method . if dividends are paid with respect to shares of the company 2019s common stock before the rsus and psus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus and psus were shares of company common stock . when the rsus and psus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued . the company accrued dividend equivalents totaling $ 1 million , less than $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in shareholders 2019 equity for the years ended december 31 , 2018 , 2017 and 2016 , respectively . employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at a discount . prior to february 5 , 2019 , the purchase price of common stock acquired under the espp was the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three -month purchase period . on july 27 , 2018 , the espp was amended , effective february 5 , 2019 , to permit employee participants to acquire company common stock at 85% ( 85 % ) of the fair market value of the common stock at the end of the purchase period . as of december 31 , 2018 , there were 1.9 million shares of common stock reserved for issuance under the espp . the espp is considered compensatory . during the years ended december 31 , 2018 , 2017 and 2016 , the company issued 95 thousand , 93 thousand and 93 thousand shares , respectively , under the espp. .
Question: what was the minimum grant date fair value per share in the table?
Answer:
|
72.81
|
what was the minimum grant date fair value per share in the table?
|
{
"options": {
"A": "$73.62",
"B": "$72.81",
"C": "$77.16",
"D": "$77.90"
},
"goldenKey": "B"
}
|
{
"A": "$73.62",
"B": "$72.81",
"C": "$77.16",
"D": "$77.90"
}
|
B
|
finqa2358
|
Please answer the given financial question based on the context.
Context: ( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable . joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 . until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible . ( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations . the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba . the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification . for more discussion , see part i , item 1a . risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense . based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total operating expenses .
|year|gallons|average priceper gallon|aircraft fuelexpense|percent of totaloperating expenses|
|2017|4352|$ 1.73|$ 7510|19.7% ( 19.7 % )|
|2016|4347|1.42|6180|17.7% ( 17.7 % )|
|2015|4323|1.72|7456|21.4% ( 21.4 % )|
as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters ( including hurricanes or similar events in the u.s . southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year . general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern . therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
Question: what are the total operating expenses based on the aircraft fuel expense in 2017?
Answer:
|
38121.82741
|
what are the total operating expenses based on the aircraft fuel expense in 2017?
|
{
"options": {
"A": "7510",
"B": "6180",
"C": "7456",
"D": "38121.82741"
},
"goldenKey": "D"
}
|
{
"A": "7510",
"B": "6180",
"C": "7456",
"D": "38121.82741"
}
|
D
|
finqa2359
|
Please answer the given financial question based on the context.
Context: the years ended december 31 , 2008 , 2007 and 2006 , due to ineffectiveness and amounts excluded from the assessment of hedge effectiveness , was not significant . for contracts outstanding at december 31 , 2008 , we have an obligation to purchase u.s . dollars and sell euros , japanese yen , british pounds , canadian dollars , australian dollars and korean won and purchase swiss francs and sell u.s . dollars at set maturity dates ranging from january 2009 through june 2011 . the notional amounts of outstanding forward contracts entered into with third parties to purchase u.s . dollars at december 31 , 2008 were $ 1343.0 million . the notional amounts of outstanding forward contracts entered into with third parties to purchase swiss francs at december 31 , 2008 were $ 207.5 million . the fair value of outstanding derivative instruments recorded on the balance sheet at december 31 , 2008 , together with settled derivatives where the hedged item has not yet affected earnings , was a net unrealized gain of $ 32.7 million , or $ 33.0 million net of taxes , which is deferred in other comprehensive income , of which $ 16.4 million , or $ 17.9 million , net of taxes , is expected to be reclassified to earnings over the next twelve months . we also enter into foreign currency forward exchange contracts with terms of one month to manage currency exposures for assets and liabilities denominated in a currency other than an entity 2019s functional currency . as a result , any foreign currency remeasurement gains/losses recognized in earnings under sfas no . 52 , 201cforeign currency translation , 201d are generally offset with gains/losses on the foreign currency forward exchange contracts in the same reporting period . other comprehensive income 2013 other comprehensive income refers to revenues , expenses , gains and losses that under generally accepted accounting principles are included in comprehensive income but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders 2019 equity . other comprehensive income is comprised of foreign currency translation adjustments , unrealized foreign currency hedge gains and losses , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions . in 2006 we adopted sfas 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans 2013 an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) . 201d this statement required recognition of the funded status of our benefit plans in the statement of financial position and recognition of certain deferred gains or losses in other comprehensive income . we recorded an unrealized loss of $ 35.4 million in other comprehensive income during 2006 related to the adoption of sfas 158 . the components of accumulated other comprehensive income are as follows ( in millions ) : balance at december 31 , comprehensive income ( loss ) balance at december 31 .
||balance at december 31 2007|other comprehensive income ( loss )|balance at december 31 2008|
|foreign currency translation|$ 368.8|$ -49.4 ( 49.4 )|$ 319.4|
|foreign currency hedges|-45.4 ( 45.4 )|78.4|33.0|
|unrealized gain/ ( loss ) on securities|-1.9 ( 1.9 )|0.6|-1.3 ( 1.3 )|
|unrecognized prior service cost and unrecognized gain/ ( loss ) in actuarial assumptions|-31.2 ( 31.2 )|-79.9 ( 79.9 )|-111.1 ( 111.1 )|
|accumulated other comprehensive income|$ 290.3|$ -50.3 ( 50.3 )|$ 240.0|
during 2008 , we reclassified an investment previously accounted for under the equity method to an available-for-sale investment as we no longer exercised significant influence over the third-party investee . the investment was marked-to- market in accordance with sfas 115 , 201caccounting for certain investments in debt and equity securities , 201d resulting in a net unrealized gain of $ 23.8 million recorded in other comprehensive income for 2008 . this unrealized gain was reclassified to the income statement when we sold this investment in 2008 for total proceeds of $ 54.9 million and a gross realized gain of $ 38.8 million included in interest and other income . the basis of these securities was determined based on the consideration paid at the time of acquisition . treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of shareholders equity . we may reissue common stock held in treasury only for limited purposes . accounting pronouncements 2013 in september 2006 , the fasb issued sfas no . 157 , 201cfair value measurements , 201d which defines fair value , establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements . this statement does not require any new fair value measurements , but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information . sfas no . 157 is effective for financial statements issued for fiscal years beginning after november 15 , 2007 and interim periods within those fiscal years . in february 2008 , the fasb issued fasb staff position ( fsp ) no . sfas 157-2 , which delays the effective date of certain provisions of sfas no . 157 relating to non-financial assets and liabilities measured at fair value on a non-recurring basis until fiscal years beginning after november 15 , 2008 . the full adoption of sfas no . 157 is not expected to have a material impact on our consolidated financial statements or results of operations . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 046000000 ***%%pcmsg|46 |00009|yes|no|02/24/2009 19:24|0|0|page is valid , no graphics -- color : d| .
Question: what would the unrealized gain/ ( loss ) on securities in millions have been in 2008 without the reclassification of an investment previously accounted for under the equity method to an available-for-sale investment?
Answer:
|
-25.1
|
what would the unrealized gain/ ( loss ) on securities in millions have been in 2008 without the reclassification of an investment previously accounted for under the equity method to an available-for-sale investment?
|
{
"options": {
"A": "-1.9",
"B": "0.6",
"C": "-1.3",
"D": "-25.1"
},
"goldenKey": "D"
}
|
{
"A": "-1.9",
"B": "0.6",
"C": "-1.3",
"D": "-25.1"
}
|
D
|
finqa2361
|
Please answer the given financial question based on the context.
Context: there are inherent limitations on the effectiveness of our controls . we do not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud . a control system , no matter how well-designed and operated , can provide only reasonable , not absolute , assurance that the control system 2019s objectives will be met . the design of a control system must reflect the fact that resource constraints exist , and the benefits of controls must be considered relative to their costs . further , because of the inherent limitations in all control systems , no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud , if any , have been detected . the design of any system of controls is based in part on certain assumptions about the likelihood of future events , and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions . projections of any evaluation of the effectiveness of controls to future periods are subject to risks . over time , controls may become inadequate due to changes in conditions or deterioration in the degree of compliance with policies or procedures . if our controls become inadequate , we could fail to meet our financial reporting obligations , our reputation may be adversely affected , our business and operating results could be harmed , and the market price of our stock could decline . item 1b . unresolved staff comments not applicable . item 2 . properties as of december 31 , 2016 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.5 19.2 50.7 leased facilities2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.5 7.1 9.6 .
|( square feet in millions )|unitedstates|othercountries|total|
|owned facilities1|31.5|19.2|50.7|
|leased facilities2|2.5|7.1|9.6|
|total facilities|34.0|26.3|60.3|
1 leases and municipal grants on portions of the land used for these facilities expire on varying dates through 2109 . 2 leases expire on varying dates through 2058 and generally include renewals at our option . our principal executive offices are located in the u.s . and the majority of our wafer manufacturing activities in 2016 were also located in the u.s . one of our arizona wafer fabrication facilities is currently on hold and held in a safe state , and we are reserving the building for additional capacity and future technologies . incremental construction and equipment installation are required to ready the facility for its intended use . for more information on our wafer fabrication and our assembly and test facilities , see 201cmanufacturing and assembly and test 201d in part i , item 1 of this form 10-k . we believe that the facilities described above are suitable and adequate for our present purposes and that the productive capacity in our facilities is substantially being utilized or we have plans to utilize it . we do not identify or allocate assets by operating segment . for information on net property , plant and equipment by country , see 201cnote 4 : operating segments and geographic information 201d in part ii , item 8 of this form 10-k . item 3 . legal proceedings for a discussion of legal proceedings , see 201cnote 20 : commitments and contingencies 201d in part ii , item 8 of this form 10-k . item 4 . mine safety disclosures not applicable. .
Question: what is the ratio of the owned facilities square feet in the united states to the other countries
Answer:
|
1.64062
|
what is the ratio of the owned facilities square feet in the united states to the other countries
|
{
"options": {
"A": "1.64062",
"B": "0.64062",
"C": "0.60938",
"D": "1.60938"
},
"goldenKey": "A"
}
|
{
"A": "1.64062",
"B": "0.64062",
"C": "0.60938",
"D": "1.60938"
}
|
A
|
finqa2362
|
Please answer the given financial question based on the context.
Context: 58 2016 annual report note 12 . business acquisition bayside business solutions , inc . effective july 1 , 2015 , the company acquired all of the equity interests of bayside business solutions , an alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry , for $ 10000 paid in cash . this acquisition was funded using existing operating cash . the acquisition of bayside business solutions expanded the company 2019s presence in commercial lending within the industry . management has completed a purchase price allocation of bayside business solutions and its assessment of the fair value of acquired assets and liabilities assumed . the recognized amounts of identifiable assets acquired and liabilities assumed , based upon their fair values as of july 1 , 2015 are set forth below: .
|current assets|$ 1922|
|long-term assets|253|
|identifiable intangible assets|5005|
|total liabilities assumed|-3279 ( 3279 )|
|total identifiable net assets|3901|
|goodwill|6099|
|net assets acquired|$ 10000|
the goodwill of $ 6099 arising from this acquisition consists largely of the growth potential , synergies and economies of scale expected from combining the operations of the company with those of bayside business solutions , together with the value of bayside business solutions 2019 assembled workforce . goodwill from this acquisition has been allocated to our banking systems and services segment . the goodwill is not expected to be deductible for income tax purposes . identifiable intangible assets from this acquisition consist of customer relationships of $ 3402 , $ 659 of computer software and other intangible assets of $ 944 . the weighted average amortization period for acquired customer relationships , acquired computer software , and other intangible assets is 15 years , 5 years , and 20 years , respectively . current assets were inclusive of cash acquired of $ 1725 . the fair value of current assets acquired included accounts receivable of $ 178 . the gross amount of receivables was $ 178 , none of which was expected to be uncollectible . during fiscal year 2016 , the company incurred $ 55 in costs related to the acquisition of bayside business solutions . these costs included fees for legal , valuation and other fees . these costs were included within general and administrative expenses . the results of bayside business solutions 2019 operations included in the company 2019s consolidated statement of income for the twelve months ended june 30 , 2016 included revenue of $ 4273 and after-tax net income of $ 303 . the accompanying consolidated statements of income for the fiscal year ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date . the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided . banno , llc effective march 1 , 2014 , the company acquired all of the equity interests of banno , an iowa-based company that provides web and transaction marketing services with a focus on the mobile medium , for $ 27910 paid in cash . this acquisition was funded using existing operating cash . the acquisition of banno expanded the company 2019s presence in online and mobile technologies within the industry . during fiscal year 2014 , the company incurred $ 30 in costs related to the acquisition of banno . these costs included fees for legal , valuation and other fees . these costs were included within general and administrative expenses . the results of banno's operations included in the company's consolidated statements of income for the year ended june 30 , 2016 included revenue of $ 6393 and after-tax net loss of $ 1289 . for the year ended june 30 , 2015 , our consolidated statements of income included revenue of $ 4175 and after-tax net loss of $ 1784 attributable to banno . the results of banno 2019s operations included in the company 2019s consolidated statement of operations from the acquisition date to june 30 , 2014 included revenue of $ 848 and after-tax net loss of $ 1121 . the accompanying consolidated statements of income for the twelve month period ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date . the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided. .
Question: what was the average revenue generated by banno between 2014 and 2016?
Answer:
|
11416.0
|
what was the average revenue generated by banno between 2014 and 2016?
|
{
"options": {
"A": "6393",
"B": "4175",
"C": "848",
"D": "11416"
},
"goldenKey": "D"
}
|
{
"A": "6393",
"B": "4175",
"C": "848",
"D": "11416"
}
|
D
|
finqa2363
|
Please answer the given financial question based on the context.
Context: stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . .
|company/index|december 31 , 2013|december 31 , 2014|december 31 , 2015|december 31 , 2016|december 31 , 2017|december 31 , 2018|
|o 2019reilly automotive inc .|$ 100|$ 150|$ 197|$ 216|$ 187|$ 268|
|s&p 500 retail index|100|110|137|143|184|208|
|s&p 500|$ 100|$ 111|$ 111|$ 121|$ 145|$ 136|
.
Question: what is the roi of an investment in o 2019reilly automotive inc . from 2013 to 2017?
Answer:
|
0.87
|
what is the roi of an investment in o 2019reilly automotive inc . from 2013 to 2017?
|
{
"options": {
"A": "0.50",
"B": "0.87",
"C": "1.87",
"D": "2.68"
},
"goldenKey": "B"
}
|
{
"A": "0.50",
"B": "0.87",
"C": "1.87",
"D": "2.68"
}
|
B
|
finqa2364
|
Please answer the given financial question based on the context.
Context: entergy arkansas , inc . management's financial discussion and analysis results of operations net income 2004 compared to 2003 net income increased $ 16.2 million due to lower other operation and maintenance expenses , a lower effective income tax rate for 2004 compared to 2003 , and lower interest charges . the increase was partially offset by lower net revenue . 2003 compared to 2002 net income decreased $ 9.6 million due to lower net revenue , higher depreciation and amortization expenses , and a higher effective income tax rate for 2003 compared to 2002 . the decrease was substantially offset by lower other operation and maintenance expenses , higher other income , and lower interest charges . net revenue 2004 compared to 2003 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 2004 to 2003. .
||( in millions )|
|2003 net revenue|$ 998.7|
|deferred fuel cost revisions|-16.9 ( 16.9 )|
|other|-3.4 ( 3.4 )|
|2004 net revenue|$ 978.4|
deferred fuel cost revisions includes the difference between the estimated deferred fuel expense and the actual calculation of recoverable fuel expense , which occurs on an annual basis . deferred fuel cost revisions decreased net revenue due to a revised estimate of fuel costs filed for recovery at entergy arkansas in the march 2004 energy cost recovery rider , which reduced net revenue by $ 11.5 million . the remainder of the variance is due to the 2002 energy cost recovery true-up , made in the first quarter of 2003 , which increased net revenue in 2003 . gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 20.7 million in fuel cost recovery revenues due to an increase in the energy cost recovery rider effective april 2004 ( fuel cost recovery revenues are discussed in note 2 to the domestic utility companies and system energy financial statements ) ; 2022 an increase of $ 15.5 million in grand gulf revenues due to an increase in the grand gulf rider effective january 2004 ; 2022 an increase of $ 13.9 million in gross wholesale revenue primarily due to increased sales to affiliated systems ; 2022 an increase of $ 9.5 million due to volume/weather primarily resulting from increased usage during the unbilled sales period , partially offset by the effect of milder weather on billed sales in 2004. .
Question: what are the deferred fuel cost revisions as a percentage of the decrease in net revenue from 2003 to 2004?
Answer:
|
0.5665
|
what are the deferred fuel cost revisions as a percentage of the decrease in net revenue from 2003 to 2004?
|
{
"options": {
"A": "0.5665%",
"B": "5.665%",
"C": "56.65%",
"D": "566.5%"
},
"goldenKey": "A"
}
|
{
"A": "0.5665%",
"B": "5.665%",
"C": "56.65%",
"D": "566.5%"
}
|
A
|
finqa2366
|
Please answer the given financial question based on the context.
Context: valuation techniques 2013 cash equivalents are mostly comprised of short-term money-market instruments and are valued at cost , which approximates fair value . u.s . equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year . for u.s . equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager . these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager . commingled equity funds categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year . for commingled equity funds not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager . these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor . fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers or quoted prices of securities with similar characteristics . fixed income investments are categorized as level 3 when valuations using observable inputs are unavailable . the trustee typically obtains pricing based on indicative quotes or bid evaluations from vendors , brokers or the investment manager . in addition , certain other fixed income investments categorized as level 3 are valued using a discounted cash flow approach . significant inputs include projected annuity payments and the discount rate applied to those payments . certain commingled equity funds , consisting of equity mutual funds , are valued using the nav . the nav valuations are based on the underlying investments and typically redeemable within 90 days . private equity funds consist of partnership and co-investment funds . the nav is based on valuation models of the underlying securities , which includes unobservable inputs that cannot be corroborated using verifiable observable market data . these funds typically have redemption periods between eight and 12 years . real estate funds consist of partnerships , most of which are closed-end funds , for which the nav is based on valuation models and periodic appraisals . these funds typically have redemption periods between eight and 10 years . hedge funds consist of direct hedge funds for which the nav is generally based on the valuation of the underlying investments . redemptions in hedge funds are based on the specific terms of each fund , and generally range from a minimum of one month to several months . contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . we made contributions of $ 5.0 billion to our qualified defined benefit pension plans in 2018 , including required and discretionary contributions . as a result of these contributions , we do not expect to make contributions to our qualified defined benefit pension plans in 2019 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2018 ( in millions ) : .
||2019|2020|2021|2022|2023|2024 2013 2028|
|qualified defined benefit pension plans|$ 2350|$ 2390|$ 2470|$ 2550|$ 2610|$ 13670|
|retiree medical and life insurance plans|170|180|180|180|170|810|
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 658 million in 2018 , $ 613 million in 2017 and $ 617 million in 2016 , the majority of which were funded using our common stock . our defined contribution plans held approximately 33.3 million and 35.5 million shares of our common stock as of december 31 , 2018 and 2017. .
Question: what is the percentage change in 401 ( k ) contributions from 2017 to 2018?
Answer:
|
0.07341
|
what is the percentage change in 401 ( k ) contributions from 2017 to 2018?
|
{
"options": {
"A": "0.07341",
"B": "0.073",
"C": "0.074",
"D": "0.072"
},
"goldenKey": "A"
}
|
{
"A": "0.07341",
"B": "0.073",
"C": "0.074",
"D": "0.072"
}
|
A
|
finqa2367
|
Please answer the given financial question based on the context.
Context: table 153 : net outstanding standby letters of credit dollars in billions december 31 december 31 .
|dollars in billions|december 31 2012|december 312011|
|net outstanding standby letters of credit|$ 11.5|$ 10.8|
|internal credit ratings ( as a percentage of portfolio ) :|||
|pass ( a )|95% ( 95 % )|94% ( 94 % )|
|below pass ( b )|5% ( 5 % )|6% ( 6 % )|
( a ) indicates that expected risk of loss is currently low . ( b ) 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 the request of the guaranteed party , subject to the terms of the letter of credit , we would be obligated to make payment to them . the standby letters of credit and risk participations in standby letters of credit and bankers 2019 acceptances outstanding on december 31 , 2012 had terms ranging from less than 1 year to 7 years . the aggregate maximum amount of future payments pnc could be required to make under outstanding standby letters of credit and risk participations in standby letters of credit and bankers 2019 acceptances was $ 14.7 billion at december 31 , 2012 , of which $ 7.5 billion support remarketing programs . as of december 31 , 2012 , assets of $ 1.8 billion secured certain specifically identified standby letters of credit . recourse provisions from third parties of $ 3.2 billion were also available for this purpose as of december 31 , 2012 . in addition , a portion of the remaining standby letters of credit and letter of credit risk participations 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 risk participations in standby letters of credit and bankers 2019 acceptances was $ 247 million at december 31 , 2012 . standby bond purchase agreements and other liquidity facilities we enter into standby bond purchase agreements to support municipal bond obligations . at december 31 , 2012 , the aggregate of our commitments under these facilities was $ 587 million . we also enter into certain other liquidity facilities to support individual pools of receivables acquired by commercial paper conduits . at december 31 , 2012 , our total commitments under these facilities were $ 145 million . indemnifications we are a party to numerous acquisition or divestiture agreements under which we have purchased or sold , or agreed to purchase or sell , various types of assets . these agreements can cover the purchase or sale of : 2022 entire businesses , 2022 loan portfolios , 2022 branch banks , 2022 partial interests in companies , or 2022 other types of assets . these agreements generally include indemnification provisions under which we indemnify the third parties to these agreements against a variety of risks to the indemnified parties as a result of the transaction in question . when pnc is the seller , the indemnification provisions will generally also provide the buyer with protection relating to the quality of the assets we are selling and the extent of any liabilities being assumed by the buyer . due to the nature of these indemnification provisions , we cannot quantify the total potential exposure to us resulting from them . we provide indemnification in connection with securities offering transactions in which we are involved . when we are the issuer of the securities , we provide indemnification to the underwriters or placement agents analogous to the indemnification provided to the purchasers of businesses from us , as described above . when we are an underwriter or placement agent , we provide a limited indemnification to the issuer related to our actions in connection with the offering and , if there are other underwriters , indemnification to the other underwriters intended to result in an appropriate sharing of the risk of participating in the offering . due to the nature of these indemnification provisions , we cannot quantify the total potential exposure to us resulting from them . in the ordinary course of business , we enter into certain types of agreements that include provisions for indemnifying third parties . we also enter into certain types of agreements , including leases , assignments of leases , and subleases , in which we agree to indemnify third parties for acts by our agents , assignees and/or sublessees , and employees . we also enter into contracts for the delivery of technology service in which we indemnify the other party against claims of patent and copyright infringement by third parties . due to the nature of these indemnification provisions , we cannot calculate our aggregate potential exposure under them . in the ordinary course of business , we enter into contracts with third parties under which the third parties provide services on behalf of pnc . in many of these contracts , we agree to indemnify the third party service provider under certain circumstances . the terms of the indemnity vary from contract to contract and the amount of the indemnification liability , if any , cannot be determined . we are a general or limited partner in certain asset management and investment limited partnerships , many of which contain indemnification provisions that would require us to make payments in excess of our remaining unfunded commitments . while in certain of these partnerships the maximum liability to us is limited to the sum of our unfunded commitments and partnership distributions received by us , in the others the indemnification liability is unlimited . as a result , we cannot determine our aggregate potential exposure for these indemnifications . the pnc financial services group , inc . 2013 form 10-k 227 .
Question: what percentage of the aggregate maximum amount of future payments pnc could be required to make under outstanding standby letters of credit and risk participations in standby letters of credit and bankers 2019 acceptances was attributable to support remarketing programs?
Answer:
|
0.5102
|
what percentage of the aggregate maximum amount of future payments pnc could be required to make under outstanding standby letters of credit and risk participations in standby letters of credit and bankers 2019 acceptances was attributable to support remarketing programs?
|
{
"options": {
"A": "0.5102%",
"B": "5.102%",
"C": "51.02%",
"D": "510.2%"
},
"goldenKey": "A"
}
|
{
"A": "0.5102%",
"B": "5.102%",
"C": "51.02%",
"D": "510.2%"
}
|
A
|
finqa2369
|
Please answer the given financial question based on the context.
Context: item 2 . properties we employ a variety of assets in the management and operation of our rail business . our rail network covers 23 states in the western two-thirds of the u.s . our rail network includes 31838 route miles . we own 26009 miles and operate on the remainder pursuant to trackage rights or leases . the following table describes track miles at december 31 , 2013 and 2012 . 2013 2012 .
||2013|2012|
|route|31838|31868|
|other main line|6766|6715|
|passing lines and turnouts|3167|3124|
|switching and classification yard lines|9090|9046|
|total miles|50861|50753|
headquarters building we maintain our headquarters in omaha , nebraska . the facility has 1.2 million square feet of space for approximately 4000 employees and is subject to a financing arrangement . harriman dispatching center the harriman dispatching center ( hdc ) , located in omaha , nebraska , is our primary dispatching facility . it is linked to regional dispatching and locomotive management facilities at various locations along our .
Question: what is the percent of the owned and operated of the rail network route miles
Answer:
|
0.81692
|
what is the percent of the owned and operated of the rail network route miles
|
{
"options": {
"A": "0.81692",
"B": "0.18308",
"C": "0.5",
"D": "0.31838"
},
"goldenKey": "A"
}
|
{
"A": "0.81692",
"B": "0.18308",
"C": "0.5",
"D": "0.31838"
}
|
A
|
finqa2370
|
Please answer the given financial question based on the context.
Context: we cannot assure you that the gener restructuring will be completed or that the terms thereof will not be changed materially . in addition , gener is in the process of restructuring the debt of its subsidiaries , termoandes s.a . ( 2018 2018termoandes 2019 2019 ) and interandes , s.a . ( 2018 2018interandes 2019 2019 ) , and expects that the maturities of these obligations will be extended . under-performing businesses during 2003 we sold or discontinued under-performing businesses and construction projects that did not meet our investment criteria or did not provide reasonable opportunities to restructure . it is anticipated that there will be less ongoing activity related to write-offs of development or construction projects and impairment charges in the future . the businesses , which were affected in 2003 , are listed below . impairment project name project type date location ( in millions ) .
|project name|project type|date|location|impairment ( in millions )|
|ede este ( 1 )|operating|december 2003|dominican republic|$ 60|
|wolf hollow|operating|december 2003|united states|$ 120|
|granite ridge|operating|december 2003|united states|$ 201|
|colombia i|operating|november 2003|colombia|$ 19|
|zeg|construction|december 2003|poland|$ 23|
|bujagali|construction|august 2003|uganda|$ 76|
|el faro|construction|april 2003|honduras|$ 20|
( 1 ) see note 4 2014discontinued operations . improving credit quality our de-leveraging efforts reduced parent level debt by $ 1.2 billion in 2003 ( including the secured equity-linked loan previously issued by aes new york funding l.l.c. ) . we refinanced and paid down near-term maturities by $ 3.5 billion and enhanced our year-end liquidity to over $ 1 billion . our average debt maturity was extended from 2009 to 2012 . at the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk . these factors resulted in an overall reduced cost of capital , improved credit statistics and expanded access to credit at both aes and our subsidiaries . liquidity at the aes parent level is an important factor for the rating agencies in determining whether the company 2019s credit quality should improve . currency and political risk tend to be biggest variables to sustaining predictable cash flow . the nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables . in 2003 , over 81% ( 81 % ) of cash distributions to the parent company were from u.s . large utilities and worldwide contract generation . on february 4 , 2004 , we called for redemption of $ 155049000 aggregate principal amount of outstanding 8% ( 8 % ) senior notes due 2008 , which represents the entire outstanding principal amount of the 8% ( 8 % ) senior notes due 2008 , and $ 34174000 aggregate principal amount of outstanding 10% ( 10 % ) secured senior notes due 2005 . the 8% ( 8 % ) senior notes due 2008 and the 10% ( 10 % ) secured senior notes due 2005 were redeemed on march 8 , 2004 at a redemption price equal to 100% ( 100 % ) of the principal amount plus accrued and unpaid interest to the redemption date . the mandatory redemption of the 10% ( 10 % ) secured senior notes due 2005 was being made with a portion of our 2018 2018adjusted free cash flow 2019 2019 ( as defined in the indenture pursuant to which the notes were issued ) for the fiscal year ended december 31 , 2003 as required by the indenture and was made on a pro rata basis . on february 13 , 2004 we issued $ 500 million of unsecured senior notes . the unsecured senior notes mature on march 1 , 2014 and are callable at our option at any time at a redemption price equal to 100% ( 100 % ) of the principal amount of the unsecured senior notes plus a make-whole premium . the unsecured senior notes were issued at a price of 98.288% ( 98.288 % ) and pay interest semi-annually at an annual .
Question: what was the total in millions of impairment projects in the united states in 2003?
Answer:
|
321.0
|
what was the total in millions of impairment projects in the united states in 2003?
|
{
"options": {
"A": "60",
"B": "120",
"C": "201",
"D": "321"
},
"goldenKey": "D"
}
|
{
"A": "60",
"B": "120",
"C": "201",
"D": "321"
}
|
D
|
finqa2371
|
Please answer the given financial question based on the context.
Context: page 73 of 98 notes to consolidated financial statements ball corporation and subsidiaries 15 . shareholders 2019 equity at december 31 , 2006 , the company had 550 million shares of common stock and 15 million shares of preferred stock authorized , both without par value . preferred stock includes 120000 authorized but unissued shares designated as series a junior participating preferred stock . under the company 2019s shareholder rights agreement dated july 26 , 2006 , one preferred stock purchase right ( right ) is attached to each outstanding share of ball corporation common stock . subject to adjustment , each right entitles the registered holder to purchase from the company one one-thousandth of a share of series a junior participating preferred stock at an exercise price of $ 185 per right . if a person or group acquires 10 percent or more of the company 2019s outstanding common stock ( or upon occurrence of certain other events ) , the rights ( other than those held by the acquiring person ) become exercisable and generally entitle the holder to purchase shares of ball corporation common stock at a 50 percent discount . the rights , which expire in 2016 , are redeemable by the company at a redemption price of $ 0.001 per right and trade with the common stock . exercise of such rights would cause substantial dilution to a person or group attempting to acquire control of the company without the approval of ball 2019s board of directors . the rights would not interfere with any merger or other business combinations approved by the board of directors . the company reduced its share repurchase program in 2006 to $ 45.7 million , net of issuances , compared to $ 358.1 million net repurchases in 2005 and $ 50 million in 2004 . the net repurchases in 2006 did not include a forward contract entered into in december 2006 for the repurchase of 1200000 shares . the contract was settled on january 5 , 2007 , for $ 51.9 million in cash . in connection with the employee stock purchase plan , the company contributes 20 percent of up to $ 500 of each participating employee 2019s monthly payroll deduction toward the purchase of ball corporation common stock . company contributions for this plan were $ 3.2 million in 2006 , $ 3.2 million in 2005 and $ 2.7 million in 2004 . accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) .
|( $ in millions )|foreign currency translation|pension and other postretirement items net of tax|effective financial derivatives net of tax|accumulated other comprehensive earnings ( loss )|
|december 31 2003|$ 80.7|$ -93.1 ( 93.1 )|$ 11.0|$ -1.4 ( 1.4 )|
|2004 change|68.2|-33.2 ( 33.2 )|-0.4 ( 0.4 )|34.6|
|december 31 2004|148.9|-126.3 ( 126.3 )|10.6|33.2|
|2005 change|-74.3 ( 74.3 )|-43.6 ( 43.6 )|-16.0 ( 16.0 )|-133.9 ( 133.9 )|
|december 31 2005|74.6|-169.9 ( 169.9 )|-5.4 ( 5.4 )|-100.7 ( 100.7 )|
|2006 change|57.2|8.0|6.0|71.2|
|december 31 2006|$ 131.8|$ -161.9 ( 161.9 )|$ 0.6|$ -29.5 ( 29.5 )|
notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings . therefore , no taxes have been provided on the foreign currency translation component for any period . the change in the minimum pension liability is presented net of related tax expense of $ 2.9 million for 2006 and related tax benefits of $ 27.3 million and $ 20.8 million for 2005 and 2004 , respectively . the change in the effective financial derivatives is presented net of related tax expense of $ 5.7 million for 2006 , related tax benefit of $ 10.7 million for 2005 and related tax benefit of $ 0.2 million for 2004. .
Question: what was the percentage change in accumulated other comprehensive earnings ( loss ) between 2003 and 2004?\\n
Answer:
|
24.71429
|
what was the percentage change in accumulated other comprehensive earnings ( loss ) between 2003 and 2004?\\n
|
{
"options": {
"A": "24.71429%",
"B": "34.6%",
"C": "33.2%",
"D": "16.0%"
},
"goldenKey": "A"
}
|
{
"A": "24.71429%",
"B": "34.6%",
"C": "33.2%",
"D": "16.0%"
}
|
A
|
finqa2372
|
Please answer the given financial question based on the context.
Context: l iquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements . we expect this trend to continue in the future . the company's cash and cash equivalents decreased to $ 65565 at june 30 , 2008 from $ 88617 at june 30 , 2007 . the following table summarizes net cash from operating activities in the statement of cash flows : year ended june 30 cash provided by operations increased $ 6754 to $ 181001 for the fiscal year ended june 30 , 2008 as compared to $ 174247 for the fiscal year ended june 30 , 2007 . this increase is primarily attributable to an increase in expenses that do not have a corresponding cash outflow , such as depreciation and amortization , as a percentage of total net income . cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions . during fiscal 2007 , payments for acquisitions totaled $ 34006 , plus $ 5301 paid on earn-outs and other acquisition adjustments . capital expenditures for fiscal 2008 were $ 31105 compared to $ 34202 for fiscal 2007 . cash used for software development in fiscal 2008 was $ 23736 compared to $ 20743 during the prior year . net cash used in financing activities for the current fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises . during fiscal 2007 , net cash used in financing activities included the repurchase of our common stock for $ 98413 and the payment of dividends of $ 21685 . as in the current year , cash used in fiscal 2007 was partially offset by proceeds from the exercise of stock options and the sale of common stock of $ 29212 , $ 4640 excess tax benefits from stock option exercises and $ 19388 net borrowings on revolving credit facilities . at june 30 , 2008 , the company had negative working capital of $ 11418 ; however , the largest component of current liabilities was deferred revenue of $ 212375 . the cash outlay necessary to provide the services related to these deferred revenues is significantly less than this recorded balance . therefore , we do not anticipate any liquidity problems to result from this condition . u.s . financial markets and many of the largest u.s . financial institutions have recently been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities . while we believe it is too early to predict what effect , if any , these developments may have , we have not experienced any significant issues with our current collec- tion efforts , and we believe that any future impact to our liquidity would be minimized by our access to available lines of credit . 2008 2007 2006 .
|2007|year ended june 30 2008 2007|year ended june 30 2008 2007|year ended june 30 2008|
|net income|$ 104222|$ 104681|$ 89923|
|non-cash expenses|70420|56348|52788|
|change in receivables|-2913 ( 2913 )|-28853 ( 28853 )|30413|
|change in deferred revenue|5100|24576|10561|
|change in other assets and liabilities|4172|17495|-14247 ( 14247 )|
|net cash from operating activities|$ 181001|$ 174247|$ 169438|
.
Question: what was the percentage change in the cash and cash equivalents at june 30 , 2008 from 2007 .
Answer:
|
-0.26013
|
what was the percentage change in the cash and cash equivalents at june 30 , 2008 from 2007 .
|
{
"options": {
"A": "-0.26013",
"B": "-0.26012",
"C": "0.26013",
"D": "0.26012"
},
"goldenKey": "A"
}
|
{
"A": "-0.26013",
"B": "-0.26012",
"C": "0.26013",
"D": "0.26012"
}
|
A
|
finqa2373
|
Please answer the given financial question based on the context.
Context: reach in the united states , adding a 1400-person direct sales force , over 300000 merchants and $ 130 billion in annual payments volume . goodwill of $ 3.2 billion arising from the merger , included in the north america segment , was attributable to expected growth opportunities , potential synergies from combining our existing businesses and an assembled workforce , and is not deductible for income tax purposes . due to the timing of our merger with heartland , we are still in the process of assigning goodwill to our reporting units . during the year ended may 31 , 2016 , we incurred transaction costs in connection with the merger of $ 24.4 million , which are recorded in selling , general and administrative expenses in the consolidated statements of income . the following reflects the preliminary estimated fair values of the identified intangible assets ( in thousands ) : .
|customer-related intangible assets|$ 977400|
|acquired technology|457000|
|trademarks and trade names|176000|
|covenants-not-to-compete|28640|
|total estimated acquired intangible assets|$ 1639040|
the preliminary estimated fair value of customer-related intangible assets was determined using the income approach , which is based on projected cash flows discounted to their present value using discount rates that consider the timing and risk of the forecasted cash flows . the discount rate used is the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics . other significant assumptions include terminal value margin rates , future capital expenditures and future working capital requirements . acquired technology was valued using the replacement cost method , which required us to estimate the cost to construct an asset of equivalent utility at prices available at the time of the valuation analysis , with adjustments in value for physical deterioration and functional and economic obsolescence . trademarks and trade names were valued using the relief-from-royalty approach . this method assumes that trade marks and trade names have value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them . this method required us to estimate the future revenue for the related brands , the appropriate royalty rate and the weighted-average cost of capital . the discount rate used is the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics . the weighted-average estimated amortization period for the total estimated acquired intangible assets is approximately 11 years . the customer-related intangible assets have an estimated amortization period range of 7-20 years . the acquired technology has an estimated amortization period of 5 years . the trademarks and trade names have an estimated amortization period of 7 years . covenants-not-to-compete have an estimated amortization period range of 1-4 years . heartland 2019s revenues and operating income represented approximately 4% ( 4 % ) and less than 0.5% ( 0.5 % ) of our total consolidated revenues and operating income , respectively , for the year ended may 31 , 2016 . the following unaudited pro forma information shows the results of our operations for the years ended may 31 , 2016 and may 31 , 2015 as if our merger with heartland had occurred on june 1 , 2014 . the unaudited pro forma information reflects the effects of applying our accounting policies and certain pro forma adjustments to the combined historical financial information of global payments and heartland . the pro forma adjustments include incremental amortization and depreciation expense , incremental interest expense associated with new long-term debt , a reduction of revenues and operating expenses associated with fair value adjustments made in applying the acquisition-method of accounting and the elimination of nonrecurring transaction costs directly related to the merger . global payments inc . | 2016 form 10-k annual report 2013 67 .
Question: what is the yearly amortization expense related to trademarks and trade names?
Answer:
|
25142.85714
|
what is the yearly amortization expense related to trademarks and trade names?
|
{
"options": {
"A": "977400",
"B": "457000",
"C": "176000",
"D": "25142.85714"
},
"goldenKey": "D"
}
|
{
"A": "977400",
"B": "457000",
"C": "176000",
"D": "25142.85714"
}
|
D
|
finqa2376
|
Please answer the given financial question based on the context.
Context: the following table details the growth in global weighted average berths and the global , north american , european and asia/pacific cruise guests over the past five years ( in thousands , except berth data ) : weighted- average supply of berths marketed globally ( 1 ) caribbean cruises ltd . total berths ( 2 ) global cruise guests ( 1 ) american cruise guests ( 1 ) ( 3 ) european cruise guests ( 1 ) ( 4 ) asia/pacific cruise guests ( 1 ) ( 5 ) .
|year|weighted-averagesupply ofberthsmarketedglobally ( 1 )|royal caribbean cruises ltd . total berths ( 2 )|globalcruiseguests ( 1 )|north american cruise guests ( 1 ) ( 3 )|european cruise guests ( 1 ) ( 4 )|asia/pacific cruise guests ( 1 ) ( 5 )|
|2012|425000|98650|20813|11641|6225|1474|
|2013|432000|98750|21343|11710|6430|2045|
|2014|448000|105750|22039|12269|6387|2382|
|2015|469000|112700|23000|12004|6587|3129|
|2016|493000|123270|24000|12581|6542|3636|
_______________________________________________________________________________ ( 1 ) source : our estimates of the number of global cruise guests and the weighted-average supply of berths marketed globally are based on a combination of data that we obtain from various publicly available cruise industry trade information sources . we use data obtained from seatrade insider , cruise industry news and company press releases to estimate weighted-average supply of berths and clia and g.p . wild to estimate cruise guest information . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) total berths include our berths related to our global brands and partner brands . ( 3 ) our estimates include the united states and canada . ( 4 ) our estimates include european countries relevant to the industry ( e.g. , nordics , germany , france , italy , spain and the united kingdom ) . ( 5 ) our estimates include the southeast asia ( e.g. , singapore , thailand and the philippines ) , east asia ( e.g. , china and japan ) , south asia ( e.g. , india and pakistan ) and oceanian ( e.g. , australia and fiji islands ) regions . north america the majority of industry cruise guests are sourced from north america , which represented approximately 52% ( 52 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 2% ( 2 % ) from 2012 to 2016 . europe industry cruise guests sourced from europe represented approximately 27% ( 27 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 1% ( 1 % ) from 2012 to 2016 . asia/pacific industry cruise guests sourced from the asia/pacific region represented approximately 15% ( 15 % ) of global cruise guests in 2016 . the compound annual growth rate in cruise guests sourced from this market was approximately 25% ( 25 % ) from 2012 to 2016 . the asia/pacific region is experiencing the highest growth rate of the major regions , although it will continue to represent a relatively small sector compared to north america . competition we compete with a number of cruise lines . our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise line , costa cruises , cunard line , holland america line , p&o cruises , princess cruises and seabourn ; disney cruise line ; msc cruises ; and norwegian cruise line holdings ltd , which owns norwegian cruise line , oceania cruises and regent seven seas cruises . cruise lines compete with .
Question: what was the percentage increase of the weighted-average supply of berths marketed globally fom 2012 to 2016
Answer:
|
0.16
|
what was the percentage increase of the weighted-average supply of berths marketed globally fom 2012 to 2016
|
{
"options": {
"A": "0.04",
"B": "0.08",
"C": "0.12",
"D": "0.16"
},
"goldenKey": "D"
}
|
{
"A": "0.04",
"B": "0.08",
"C": "0.12",
"D": "0.16"
}
|
D
|
finqa2377
|
Please answer the given financial question based on the context.
Context: from those currently anticipated and expressed in such forward-looking statements as a result of a number of factors , including those we discuss under 201crisk factors 201d and elsewhere in this form 10-k . you should read 201crisk factors 201d and 201cforward-looking statements . 201d executive overview general american water works company , inc . ( herein referred to as 201camerican water 201d or the 201ccompany 201d ) is the largest investor-owned united states water and wastewater utility company , as measured both by operating revenues and population served . our approximately 6400 employees provide drinking water , wastewater and other water related services to an estimated 15 million people in 47 states and in one canadian province . our primary business involves the ownership of water and wastewater utilities that provide water and wastewater services to residential , commercial , industrial and other customers . our regulated businesses that provide these services are generally subject to economic regulation by state regulatory agencies in the states in which they operate . the federal government and the states also regulate environmental , health and safety and water quality matters . our regulated businesses provide services in 16 states and serve approximately 3.2 million customers based on the number of active service connections to our water and wastewater networks . we report the results of these businesses in our regulated businesses segment . we also provide services that are not subject to economic regulation by state regulatory agencies . we report the results of these businesses in our market-based operations segment . in 2014 , we continued the execution of our strategic goals . our commitment to growth through investment in our regulated infrastructure and expansion of our regulated customer base and our market-based operations , combined with operational excellence led to continued improvement in regulated operating efficiency , improved performance of our market-based operations , and enabled us to provide increased value to our customers and investors . during the year , we focused on growth , addressed regulatory lag , made more efficient use of capital and improved our regulated operation and maintenance ( 201co&m 201d ) efficiency ratio . 2014 financial results for the year ended december 31 , 2014 , we continued to increase net income , while making significant capital investment in our infrastructure and implementing operational efficiency improvements to keep customer rates affordable . highlights of our 2014 operating results compared to 2013 and 2012 include: .
||2014|2013|2012|
|income from continuing operations|$ 2.39|$ 2.07|$ 2.10|
|income ( loss ) from discontinued operations net of tax|$ -0.04 ( 0.04 )|$ -0.01 ( 0.01 )|$ -0.09 ( 0.09 )|
|diluted earnings per share|$ 2.35|$ 2.06|$ 2.01|
continuing operations income from continuing operations included 4 cents per diluted share of costs resulting from the freedom industries chemical spill in west virginia in 2014 and included 14 cents per diluted share in 2013 related to a tender offer . earnings from continuing operations , adjusted for these two items , increased 10% ( 10 % ) , or 22 cents per share , mainly due to favorable operating results from our regulated businesses segment due to higher revenues and lower operating expenses , partially offset by higher depreciation expenses . also contributing to the overall increase in income from continuing operations was lower interest expense in 2014 compared to the same period in 2013. .
Question: by how much did diluted earnings per share increase from 2012 to 2014?
Answer:
|
0.16915
|
by how much did diluted earnings per share increase from 2012 to 2014?
|
{
"options": {
"A": "0.04",
"B": "0.09",
"C": "0.16915",
"D": "0.22"
},
"goldenKey": "C"
}
|
{
"A": "0.04",
"B": "0.09",
"C": "0.16915",
"D": "0.22"
}
|
C
|
finqa2378
|
Please answer the given financial question based on the context.
Context: off-balance-sheet arrangements we have a number of off-balance-sheet investments , including joint ven- tures and debt and preferred equity investments . these investments all have varying ownership structures . substantially all of our joint venture arrangements are accounted for under the equity method of accounting as we have the ability to exercise significant influence , but not control over the operating and financial decisions of these joint venture arrange- ments . our off-balance-sheet arrangements are discussed in note a0 5 , 201cdebt and preferred equity investments 201d and note a0 6 , 201cinvestments in unconsolidated joint ventures 201d in the accompanying consolidated finan- cial statements . additional information about the debt of our unconsoli- dated joint ventures is included in 201ccontractual obligations 201d below . capital expenditures we estimate that , for the year ending december a031 , 2011 , we will incur approximately $ 120.5 a0 million of capital expenditures , which are net of loan reserves ( including tenant improvements and leasing commis- sions ) , on existing wholly-owned properties , and that our share of capital expenditures at our joint venture properties , net of loan reserves , will be approximately $ 23.4 a0million . we expect to fund these capital expen- ditures with operating cash flow , additional property level mortgage financings and cash on hand . future property acquisitions may require substantial capital investments for refurbishment and leasing costs . we expect that these financing requirements will be met in a similar fashion . we believe that we will have sufficient resources to satisfy our capital needs during the next 12-month period . thereafter , we expect our capital needs will be met through a combination of cash on hand , net cash provided by operations , borrowings , potential asset sales or addi- tional equity or debt issuances . above provides that , except to enable us to continue to qualify as a reit for federal income tax purposes , we will not during any four consecu- tive fiscal quarters make distributions with respect to common stock or other equity interests in an aggregate amount in excess of 95% ( 95 % ) of funds from operations for such period , subject to certain other adjustments . as of december a0 31 , 2010 and 2009 , we were in compliance with all such covenants . market rate risk we are exposed to changes in interest rates primarily from our floating rate borrowing arrangements . we use interest rate derivative instruments to manage exposure to interest rate changes . a hypothetical 100 basis point increase in interest rates along the entire interest rate curve for 2010 and 2009 , would increase our annual interest cost by approximately $ 11.0 a0mil- lion and $ 15.2 a0million and would increase our share of joint venture annual interest cost by approximately $ 6.7 a0million and $ 6.4 a0million , respectively . we recognize all derivatives on the balance sheet at fair value . derivatives that are not hedges must be adjusted to fair value through income . if a derivative is a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earnings , or recognized in other comprehensive income until the hedged item is recognized in earnings . the ineffective portion of a deriva- tive 2019s change in fair value is recognized immediately in earnings . approximately $ 4.1 a0billion of our long-term debt bore interest at fixed rates , and therefore the fair value of these instruments is affected by changes in the market interest rates . the interest rate on our variable rate debt and joint venture debt as of december a031 , 2010 ranged from libor plus 75 basis points to libor plus 400 basis points . contractual obligations combined aggregate principal maturities of mortgages and other loans payable , our 2007 unsecured revolving credit facility , senior unsecured notes ( net of discount ) , trust preferred securities , our share of joint venture debt , including as-of-right extension options , estimated interest expense ( based on weighted average interest rates for the quarter ) , and our obligations under our capital and ground leases , as of december a031 , 2010 , are as follows ( in thousands ) : .
||2011|2012|2013|2014|2015|thereafter|total|
|property mortgages|$ 246615|$ 143646|$ 656863|$ 208025|$ 260433|$ 1884885|$ 3400467|
|revolving credit facility|2014|650000|2014|2014|2014|2014|650000|
|trust preferred securities|2014|2014|2014|2014|2014|100000|100000|
|senior unsecured notes|84823|123171|2014|98578|657|793316|1100545|
|capital lease|1555|1555|1555|1555|1593|44056|51869|
|ground leases|28929|28179|28179|28179|28179|552421|694066|
|estimated interest expense|265242|245545|221161|197128|177565|355143|1461784|
|joint venture debt|207738|61491|41415|339184|96786|857305|1603919|
|total|$ 834902|$ 1253587|$ 949173|$ 872649|$ 565213|$ 4587126|$ 9062650|
48 sl green realty corp . 2010 annual report management 2019s discussion and analysis of financial condition and results of operations .
Question: in 2011 what was the percent of the total contractual obligations associated with property mortgages
Answer:
|
0.29538
|
in 2011 what was the percent of the total contractual obligations associated with property mortgages
|
{
"options": {
"A": "0.028",
"B": "0.073",
"C": "0.295",
"D": "0.378"
},
"goldenKey": "C"
}
|
{
"A": "0.028",
"B": "0.073",
"C": "0.295",
"D": "0.378"
}
|
C
|
finqa2379
|
Please answer the given financial question based on the context.
Context: b . investments . fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets . fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) . the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities . the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities . fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency . the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities . for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions . interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) . unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses . short-term investments are stated at cost , which approximates market value . realized gains or losses on sales of investments are determined on the basis of identified cost . for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s . treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security . for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs . when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value . retrospective adjustments are employed to recalculate the values of asset-backed securities . each acquisition lot is reviewed to recalculate the effective yield . the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition . outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities . conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types . other invested assets include limited partnerships and rabbi trusts . limited partnerships are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag . c . uncollectible receivable balances . the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances . such reserves are presented in the table below for the periods indicated. .
|( dollars in thousands )|years ended december 31 , 2014|years ended december 31 , 2013|
|reinsurance receivables and premium receivables|$ 29497|$ 29905|
.
Question: what is the net change in the balance of reinsurance receivables and premium receivables from 2013 to 2014?
Answer:
|
-408.0
|
what is the net change in the balance of reinsurance receivables and premium receivables from 2013 to 2014?
|
{
"options": {
"A": "-408.0",
"B": "408.0",
"C": "29,497",
"D": "29,905"
},
"goldenKey": "A"
}
|
{
"A": "-408.0",
"B": "408.0",
"C": "29,497",
"D": "29,905"
}
|
A
|
finqa2380
|
Please answer the given financial question based on the context.
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . .
||u.s .|canada|total|
|proved undeveloped reserves as of december 31 2012|407|433|840|
|extensions and discoveries|57|38|95|
|revisions due to prices|1|-10 ( 10 )|-9 ( 9 )|
|revisions other than price|-91 ( 91 )|13|-78 ( 78 )|
|conversion to proved developed reserves|-116 ( 116 )|-31 ( 31 )|-147 ( 147 )|
|proved undeveloped reserves as of december 31 2013|258|443|701|
at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves . this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves . costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s . onshore dry-gas areas , which devon does not expect to develop in the next five years . the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas . a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations . at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends though the year 2031 . price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices . of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area . 2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices . of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area . 2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices . the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves . revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: what percentage decrease was there from the 2012 proved undeveloped reserves to 2013 proved undeveloped reserves?
Answer:
|
36.60934
|
what percentage decrease was there from the 2012 proved undeveloped reserves to 2013 proved undeveloped reserves?
|
{
"options": {
"A": "17%",
"B": "24%",
"C": "36.60934%",
"D": "78%"
},
"goldenKey": "C"
}
|
{
"A": "17%",
"B": "24%",
"C": "36.60934%",
"D": "78%"
}
|
C
|
finqa2381
|
Please answer the given financial question based on the context.
Context: supplementary information on oil and gas producing activities ( unaudited ) 2018 proved reserves decreased by 168 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 84 mmboe including an increase of 108 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and an increase of 15 mmboe associated with wells to sales that were additions to the plan , partially offset by a decrease of 39 mmboe due to technical revisions across the business . 2022 extensions , discoveries , and other additions : increased by 102 mmboe primarily in the u.s . resource plays due to an increase of 69 mmboe associated with the expansion of proved areas and an increase of 33 mmboe associated with wells to sales from unproved categories . 2022 production : decreased by 153 mmboe . 2022 sales of reserves in place : decreased by 201 mmboe including 196 mmboe associated with the sale of our subsidiary in libya , 4 mmboe associated with divestitures of certain conventional assets in new mexico and michigan , and 1 mmboe associated with the sale of the sarsang block in kurdistan . 2017 proved reserves decreased by 647 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe , with the remainder being due to revisions across the business . 2022 extensions , discoveries , and other additions : increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma . 2022 purchases of reserves in place : increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico . 2022 production : decreased by 145 mmboe . 2022 sales of reserves in place : decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado . see item 8 . financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions . 2016 proved reserves decreased by 67 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s . technical revisions . 2022 extensions , discoveries , and other additions : increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma . 2022 purchases of reserves in place : increased by 34 mmboe from acquisition of stack assets in oklahoma . 2022 production : decreased by 144 mmboe . 2022 sales of reserves in place : decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets . changes in proved undeveloped reserves as of december 31 , 2018 , 529 mmboe of proved undeveloped reserves were reported , a decrease of 17 mmboe from december 31 , 2017 . the following table shows changes in proved undeveloped reserves for 2018 : ( mmboe ) .
|beginning of year|546|
|revisions of previous estimates|47|
|extensions discoveries and other additions|61|
|dispositions|-19 ( 19 )|
|transfers to proved developed|-106 ( 106 )|
|end of year|529|
.
Question: what percent of increases in extensions , discoveries , and other additions was associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma?
Answer:
|
0.83621
|
what percent of increases in extensions , discoveries , and other additions was associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma?
|
{
"options": {
"A": "0.83621%",
"B": "8.3621%",
"C": "83.621%",
"D": "836.21%"
},
"goldenKey": "A"
}
|
{
"A": "0.83621%",
"B": "8.3621%",
"C": "83.621%",
"D": "836.21%"
}
|
A
|
finqa2382
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : .
|asset retirement liability as of september 25 2004|$ 8.2|
|additional asset retirement obligations recognized|2.8|
|accretion recognized|0.7|
|asset retirement liability as of september 24 2005|$ 11.7|
|additional asset retirement obligations recognized|2.5|
|accretion recognized|0.5|
|asset retirement liability as of september 30 2006|$ 14.7|
long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .
Question: what was the net change in millions in asset retirement liability between september 2005 and september 2004?
Answer:
|
3.5
|
what was the net change in millions in asset retirement liability between september 2005 and september 2004?
|
{
"options": {
"A": "2.8",
"B": "0.7",
"C": "3.5",
"D": "0.5"
},
"goldenKey": "C"
}
|
{
"A": "2.8",
"B": "0.7",
"C": "3.5",
"D": "0.5"
}
|
C
|
finqa2383
|
Please answer the given financial question based on the context.
Context: 36 duke realty corporation annual report 2013 leasing/capital costs tenant improvements and lease-related costs pertaining to our initial leasing of newly completed space , or vacant space in acquired properties , are referred to as first generation expenditures . such first generation expenditures for tenant improvements are included within "development of real estate investments" in our consolidated statements of cash flows , while such expenditures for lease-related costs are included within "other deferred leasing costs." cash expenditures related to the construction of a building's shell , as well as the associated site improvements , are also included within "development of real estate investments" in our consolidated statements of cash flows . tenant improvements and leasing costs to re-let rental space that we previously leased to tenants are referred to as second generation expenditures . building improvements that are not specific to any tenant but serve to improve integral components of our real estate properties are also second generation expenditures . one of our principal uses of our liquidity is to fund the second generation leasing/capital expenditures of our real estate investments . the following table summarizes our second generation capital expenditures by type of expenditure ( in thousands ) : .
||2013|2012|2011|
|second generation tenant improvements|$ 39892|$ 26643|$ 50079|
|second generation leasing costs|38617|31059|38130|
|building improvements|13289|6182|11055|
|total second generation capital expenditures|$ 91798|$ 63884|$ 99264|
|development of real estate investments|$ 427355|$ 264755|$ 162070|
|other deferred leasing costs|$ 35376|$ 27772|$ 26311|
second generation tenant improvements and leasing costs increased due to a shift in industrial leasing volume from renewal leases to second generation leases ( see data in the key performance indicators section of management's discussion and analysis of financial condition and results of operations ) , which are generally more capital intensive . additionally , although the overall renewal volume was lower , renewals for office leases , which are generally more capital intensive than industrial leases , increased from 2012 . during 2013 , we increased our investment across all product types in non-tenant specific building improvements . the increase in capital expenditures for the development of real estate investments was the result of our increased focus on wholly owned development projects . we had wholly owned properties under development with an expected cost of $ 572.6 million at december 31 , 2013 , compared to projects with an expected cost of $ 468.8 million and $ 124.2 million at december 31 , 2012 and 2011 , respectively . cash outflows for real estate development investments were $ 427.4 million , $ 264.8 million and $ 162.1 million for december 31 , 2013 , 2012 and 2011 , respectively . we capitalized $ 31.3 million , $ 30.4 million and $ 25.3 million of overhead costs related to leasing activities , including both first and second generation leases , during the years ended december 31 , 2013 , 2012 and 2011 , respectively . we capitalized $ 27.1 million , $ 20.0 million and $ 10.4 million of overhead costs related to development activities , including construction , development and tenant improvement projects on first and second generation space , during the years ended december 31 , 2013 , 2012 and 2011 , respectively . combined overhead costs capitalized to leasing and development totaled 35.7% ( 35.7 % ) , 31.1% ( 31.1 % ) and 20.6% ( 20.6 % ) of our overall pool of overhead costs at december 31 , 2013 , 2012 and 2011 , respectively . further discussion of the capitalization of overhead costs can be found herein , in the discussion of general and administrative expenses in the comparison sections of management's discussion and analysis of financial condition and results of operations. .
Question: what was the percentage change in the second generation tenant improvements from 2012 to 2013
Answer:
|
0.49728
|
what was the percentage change in the second generation tenant improvements from 2012 to 2013
|
{
"options": {
"A": "0.49728",
"B": "0.497",
"C": "0.4972",
"D": "0.4973"
},
"goldenKey": "A"
}
|
{
"A": "0.49728",
"B": "0.497",
"C": "0.4972",
"D": "0.4973"
}
|
A
|
finqa2384
|
Please answer the given financial question based on the context.
Context: performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index .
|date|pmi|pmi peer group ( 1 )|s&p 500 index|
|december 31 2012|$ 100.00|$ 100.00|$ 100.00|
|december 31 2013|$ 108.50|$ 122.80|$ 132.40|
|december 31 2014|$ 106.20|$ 132.50|$ 150.50|
|december 31 2015|$ 120.40|$ 143.50|$ 152.60|
|december 31 2016|$ 130.80|$ 145.60|$ 170.80|
|december 31 2017|$ 156.80|$ 172.70|$ 208.10|
( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc . was removed following the completion of its acquisition by british american tobacco p.l.c . on july 25 , 2017 . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. .
Question: what was the percentage cumulative total shareholder return on pmi's common stock for the five years ended december 31 , 2017?
Answer:
|
0.568
|
what was the percentage cumulative total shareholder return on pmi's common stock for the five years ended december 31 , 2017?
|
{
"options": {
"A": "0.568%",
"B": "0.5680%",
"C": "0.56800%",
"D": "0.568000%"
},
"goldenKey": "A"
}
|
{
"A": "0.568%",
"B": "0.5680%",
"C": "0.56800%",
"D": "0.568000%"
}
|
A
|
finqa2386
|
Please answer the given financial question based on the context.
Context: pension expense .
||2019|2018|
|pension expense including special items noted below|$ 27.6|$ 91.8|
|settlements termination benefits and curtailments ( "special items" )|7.2|48.9|
|weighted average discount rate 2013 service cost|3.4% ( 3.4 % )|3.2% ( 3.2 % )|
|weighted average discount rate 2013 interest cost|3.4% ( 3.4 % )|2.9% ( 2.9 % )|
|weighted average expected rate of return on plan assets|6.4% ( 6.4 % )|6.9% ( 6.9 % )|
|weighted average expected rate of compensation increase|3.5% ( 3.5 % )|3.5% ( 3.5 % )|
pension expense decreased from the prior year due to lower pension settlements , lower loss amortization , primarily from favorable asset experience and the impact of higher discount rates , partially offset by lower expected returns on assets . special items ( settlements , termination benefits , and curtailments ) decreased from the prior year primarily due to lower pension settlement losses . in fiscal year 2019 , special items of $ 7.2 included pension settlement losses of $ 6.4 , of which $ 5.0 was recorded during the second quarter and related to the u.s . supplementary pension plan , and $ .8 of termination benefits . these amounts are reflected within "other non- operating income ( expense ) , net" on the consolidated income statements . in fiscal year 2018 , special items of $ 48.9 included a pension settlement loss of $ 43.7 primarily in connection with the transfer of certain pension assets and payment obligations for our u.s . salaried and hourly plans to an insurer during the fourth quarter , $ 4.8 of pension settlement losses related to lump sum payouts from the u.s . supplementary pension plan , and $ .4 of termination benefits . u.k . lloyds equalization ruling on 26 october 2018 , the united kingdom high court issued a ruling related to the equalization of pension plan participants 2019 benefits for the gender effects of guaranteed minimum pensions . as a result of this ruling , we estimated the impact of retroactively increasing benefits in our u.k . plan in accordance with the high court ruling . we treated the additional benefits as a prior service cost , which resulted in an increase to our projected benefit obligation and accumulated other comprehensive loss of $ 4.7 during the first quarter of fiscal year 2019 . we are amortizing this cost over the average remaining life expectancy of the u.k . participants . 2020 outlook in fiscal year 2020 , we expect pension expense to be approximately $ 5 to $ 20 , which includes expected pension settlement losses of $ 5 to $ 10 , depending on the timing of retirements . the expected range reflects lower expected interest cost and higher total assets , partially offset by higher expected loss amortization primarily due to the impact of lower discount rates . in fiscal year 2020 , we expect pension expense to include approximately $ 105 for amortization of actuarial losses . in fiscal year 2019 , pension expense included amortization of actuarial losses of $ 76.2 . net actuarial losses of $ 424.4 were recognized in accumulated other comprehensive income in fiscal year 2019 . actuarial ( gains ) losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses . future changes in the discount rate and actual returns on plan assets different from expected returns would impact the actuarial ( gains ) losses and resulting amortization in years beyond fiscal year 2020 . pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans . with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses . in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions . with the assistance of third-party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions . during 2019 and 2018 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 40.2 and $ 68.3 , respectively . for fiscal year 2020 , cash contributions to defined benefit plans are estimated to be $ 30 to $ 40 . the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which are dependent upon the timing of retirements . actual future contributions will depend on future funding legislation , discount rates , investment performance , plan design , and various other factors . refer to the contractual obligations discussion on page 37 for a projection of future contributions. .
Question: what is the expected increase in the pension expense's amortization of actuarial losses in 2020 , in comparison with 2019?
Answer:
|
0.37795
|
what is the expected increase in the pension expense's amortization of actuarial losses in 2020 , in comparison with 2019?
|
{
"options": {
"A": "0.37795",
"B": "0.4244",
"C": "76.2",
"D": "105"
},
"goldenKey": "A"
}
|
{
"A": "0.37795",
"B": "0.4244",
"C": "76.2",
"D": "105"
}
|
A
|
finqa2387
|
Please answer the given financial question based on the context.
Context: during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock . in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 . the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share . during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions . note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc . 2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc . amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc . 2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) . there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 . there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants . a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan . the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) . 2015 2014 2013 ( in millions ) .
||2015|2014 ( in millions )|2013|
|share-based compensation expense|$ 21.1|$ 29.8|$ 18.4|
|income tax benefit|$ -6.9 ( 6.9 )|$ -7.1 ( 7.1 )|$ -5.6 ( 5.6 )|
we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate . restricted stock and restricted stock units we grant restricted stock and restricted stock units . restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited . restricted shares cannot be sold or transferred until they have vested . restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date . restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period . the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period . performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan . performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted . the number of shares is dependent upon the achievement of certain performance measures during the performance period . the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors . performance units are converted only after the compensation committee certifies performance based on pre-established goals . 80 2013 global payments inc . | 2015 form 10-k annual report .
Question: what was the total income tax benefit that came from buying back their common stock from 2013 to 2015?
Answer:
|
19.6
|
what was the total income tax benefit that came from buying back their common stock from 2013 to 2015?
|
{
"options": {
"A": "$6.9 million",
"B": "$7.1 million",
"C": "$5.6 million",
"D": "$19.6 million"
},
"goldenKey": "D"
}
|
{
"A": "$6.9 million",
"B": "$7.1 million",
"C": "$5.6 million",
"D": "$19.6 million"
}
|
D
|
finqa2388
|
Please answer the given financial question based on the context.
Context: stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 .
|company/index|january 3 2009|january 2 2010|january 1 2011|december 31 2011|december 29 2012|december 28 2013|
|advance auto parts|$ 100.00|$ 119.28|$ 195.80|$ 206.86|$ 213.14|$ 327.63|
|s&p 500 index|100.00|119.67|134.97|134.96|150.51|197.62|
|s&p retail index|100.00|141.28|174.70|179.79|219.77|321.02|
.
Question: what is the total return for every dollar invested in s&p500 index in january 2009 and sold in january 2011?
Answer:
|
0.3497
|
what is the total return for every dollar invested in s&p500 index in january 2009 and sold in january 2011?
|
{
"options": {
"A": "0.11967",
"B": "0.13497",
"C": "0.3497",
"D": "0.13496"
},
"goldenKey": "C"
}
|
{
"A": "0.11967",
"B": "0.13497",
"C": "0.3497",
"D": "0.13496"
}
|
C
|
finqa2389
|
Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues in equities were $ 6.60 billion , 4% ( 4 % ) lower than 2016 , primarily due to lower commissions and fees , reflecting a decline in our listed cash equity volumes in the u.s . market volumes in the u.s . also declined . in addition , net revenues in equities client execution were lower , reflecting lower net revenues in derivatives , partially offset by higher net revenues in cash products . net revenues in securities services were essentially unchanged . operating expenses were $ 9.69 billion for 2017 , essentially unchanged compared with 2016 , due to decreased compensation and benefits expenses , reflecting lower net revenues , largely offset by increased technology expenses , reflecting higher expenses related to cloud-based services and software depreciation , and increased consulting costs . pre-tax earnings were $ 2.21 billion in 2017 , 54% ( 54 % ) lower than 2016 . investing & lending investing & lending includes our investing activities and the origination of loans , including our relationship lending activities , to provide financing to clients . these investments and loans are typically longer-term in nature . we make investments , some of which are consolidated , including through our merchant banking business and our special situations group , in debt securities and loans , public and private equity securities , infrastructure and real estate entities . some of these investments are made indirectly through funds that we manage . we also make unsecured loans through our digital platform , marcus : by goldman sachs and secured loans through our digital platform , goldman sachs private bank select . the table below presents the operating results of our investing & lending segment. .
|$ in millions|year ended december 2018|year ended december 2017|year ended december 2016|
|equity securities|$ 4455|$ 4578|$ 2573|
|debt securities and loans|3795|2660|1689|
|total net revenues|8250|7238|4262|
|provision for credit losses|674|657|182|
|operating expenses|3365|2796|2386|
|pre-taxearnings|$ 4211|$ 3785|$ 1694|
operating environment . during 2018 , our investments in private equities benefited from company-specific events , including sales , and strong corporate performance , while investments in public equities reflected losses , as global equity prices generally decreased . results for our investments in debt securities and loans reflected continued growth in loans receivables , resulting in higher net interest income . if macroeconomic concerns negatively affect corporate performance or the origination of loans , or if global equity prices continue to decline , net revenues in investing & lending would likely be negatively impacted . during 2017 , generally higher global equity prices and tighter credit spreads contributed to a favorable environment for our equity and debt investments . results also reflected net gains from company-specific events , including sales , and corporate performance . 2018 versus 2017 . net revenues in investing & lending were $ 8.25 billion for 2018 , 14% ( 14 % ) higher than 2017 . net revenues in equity securities were $ 4.46 billion , 3% ( 3 % ) lower than 2017 , reflecting net losses from investments in public equities ( 2018 included $ 183 million of net losses ) compared with net gains in the prior year , partially offset by significantly higher net gains from investments in private equities ( 2018 included $ 4.64 billion of net gains ) , driven by company-specific events , including sales , and corporate performance . for 2018 , 60% ( 60 % ) of the net revenues in equity securities were generated from corporate investments and 40% ( 40 % ) were generated from real estate . net revenues in debt securities and loans were $ 3.80 billion , 43% ( 43 % ) higher than 2017 , primarily driven by significantly higher net interest income . 2018 included net interest income of approximately $ 2.70 billion compared with approximately $ 1.80 billion in 2017 . provision for credit losses was $ 674 million for 2018 , compared with $ 657 million for 2017 , as the higher provision for credit losses primarily related to consumer loan growth in 2018 was partially offset by an impairment of approximately $ 130 million on a secured loan in 2017 . operating expenses were $ 3.37 billion for 2018 , 20% ( 20 % ) higher than 2017 , primarily due to increased expenses related to consolidated investments and our digital lending and deposit platform , and increased compensation and benefits expenses , reflecting higher net revenues . pre-tax earnings were $ 4.21 billion in 2018 , 11% ( 11 % ) higher than 2017 versus 2016 . net revenues in investing & lending were $ 7.24 billion for 2017 , 70% ( 70 % ) higher than 2016 . net revenues in equity securities were $ 4.58 billion , 78% ( 78 % ) higher than 2016 , primarily reflecting a significant increase in net gains from private equities ( 2017 included $ 3.82 billion of net gains ) , which were positively impacted by company-specific events and corporate performance . in addition , net gains from public equities ( 2017 included $ 762 million of net gains ) were significantly higher , as global equity prices increased during the year . for 2017 , 64% ( 64 % ) of the net revenues in equity securities were generated from corporate investments and 36% ( 36 % ) were generated from real estate . net revenues in debt securities and loans were $ 2.66 billion , 57% ( 57 % ) higher than 2016 , reflecting significantly higher net interest income ( 2017 included approximately $ 1.80 billion of net interest income ) . 60 goldman sachs 2018 form 10-k .
Question: what is the growth rate in total net revenue in 2018?
Answer:
|
0.13982
|
what is the growth rate in total net revenue in 2018?
|
{
"options": {
"A": "0.13982",
"B": "0.14082",
"C": "0.13882",
"D": "0.13782"
},
"goldenKey": "A"
}
|
{
"A": "0.13982",
"B": "0.14082",
"C": "0.13882",
"D": "0.13782"
}
|
A
|
finqa2390
|
Please answer the given financial question based on the context.
Context: in 2017 , the company granted 440076 shares of restricted class a common stock and 7568 shares of restricted stock units . restricted common stock and restricted stock units generally have a vesting period of two to four years . the fair value related to these grants was $ 58.7 million , which is recognized as compensation expense on an accelerated basis over the vesting period . dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . in 2017 , the company also granted 203298 performance shares . the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period . the vesting of these shares is contingent on meeting stated performance or market conditions . the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2017 : number of shares weighted average grant date fair value .
||number of shares|weightedaveragegrant datefair value|
|outstanding at december 31 2016|1820578|$ 98|
|granted|650942|129|
|vested|-510590 ( 510590 )|87|
|cancelled|-401699 ( 401699 )|95|
|outstanding at december 31 2017|1559231|116|
the total fair value of restricted stock , restricted stock units , and performance shares that vested during 2017 , 2016 and 2015 was $ 66.0 million , $ 59.8 million and $ 43.3 million , respectively . under the espp , eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2017 , 2016 and 2015 , a total of 19936 , 19858 and 19756 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.3 million for the purchase discount was recognized in 2017 , and $ 0.2 million was recognized in both 2016 and 2015 . non-executive directors receive an annual award of class a common stock with a value equal to $ 100000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 60000 , in shares of stock based on the closing price at the date of distribution . as a result , 19736 shares , 26439 shares and 25853 shares of class a common stock were issued to non-executive directors during 2017 , 2016 and 2015 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .
Question: what was the sum of the shares purchase discount from 2015 to 2017 in millions
Answer:
|
0.7
|
what was the sum of the shares purchase discount from 2015 to 2017 in millions
|
{
"options": {
"A": "0.2",
"B": "0.3",
"C": "0.5",
"D": "0.7"
},
"goldenKey": "D"
}
|
{
"A": "0.2",
"B": "0.3",
"C": "0.5",
"D": "0.7"
}
|
D
|
finqa2391
|
Please answer the given financial question based on the context.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2016 note 16 2014share-based compensation 2007 equity incentive compensation plan the company 2019s 2007 equity incentive compensation plan , or the eip , authorizes the compensation committee of the board of directors to grant non-qualified stock options ( 201coptions 201d ) , restricted stock awards ( 201crsas 201d ) , restricted stock units ( 201crsus 201d ) and performance-based shares to its employees and non-employee directors , for up to 236 million shares of class a common stock . shares available for award may be either authorized and unissued or previously issued shares subsequently acquired by the company . the eip will continue to be in effect until all of the common stock available under the eip is delivered and all restrictions on those shares have lapsed , unless the eip is terminated earlier by the company 2019s board of directors . in january 2016 , the company 2019s board of directors approved an amendment of the eip effective february 3 , 2016 , such that awards may be granted under the plan until january 31 , 2022 . share-based compensation cost is recorded net of estimated forfeitures on a straight-line basis for awards with service conditions only , and on a graded-vesting basis for awards with service , performance and market conditions . the company 2019s estimated forfeiture rate is based on an evaluation of historical , actual and trended forfeiture data . for fiscal 2016 , 2015 and 2014 , the company recorded share-based compensation cost related to the eip of $ 211 million , $ 184 million and $ 172 million , respectively , in personnel on its consolidated statements of operations . the related tax benefits were $ 62 million , $ 54 million and $ 51 million for fiscal 2016 , 2015 and 2014 , respectively . the amount of capitalized share-based compensation cost was immaterial during fiscal 2016 , 2015 and all per share amounts and number of shares outstanding presented below reflect the four-for-one stock split that was effected in the second quarter of fiscal 2015 . see note 14 2014stockholders 2019 equity . options options issued under the eip expire 10 years from the date of grant and primarily vest ratably over 3 years from the date of grant , subject to earlier vesting in full under certain conditions . during fiscal 2016 , 2015 and 2014 , the fair value of each stock option was estimated on the date of grant using a black-scholes option pricing model with the following weighted-average assumptions: .
||2016|2015|2014|
|expected term ( in years ) ( 1 )|4.35|4.55|4.80|
|risk-free rate of return ( 2 )|1.5% ( 1.5 % )|1.5% ( 1.5 % )|1.3% ( 1.3 % )|
|expected volatility ( 3 )|21.7% ( 21.7 % )|22.0% ( 22.0 % )|25.2% ( 25.2 % )|
|expected dividend yield ( 4 )|0.7% ( 0.7 % )|0.8% ( 0.8 % )|0.8% ( 0.8 % )|
|fair value per option granted|$ 15.01|$ 12.04|$ 11.03|
( 1 ) this assumption is based on the company 2019s historical option exercises and those of a set of peer companies that management believes is generally comparable to visa . the company 2019s data is weighted based on the number of years between the measurement date and visa 2019s initial public offering as a percentage of the options 2019 contractual term . the relative weighting placed on visa 2019s data and peer data in fiscal 2016 was approximately 77% ( 77 % ) and 23% ( 23 % ) , respectively , 67% ( 67 % ) and 33% ( 33 % ) in fiscal 2015 , respectively , and 58% ( 58 % ) and 42% ( 42 % ) in fiscal 2014 , respectively. .
Question: based on the tax benefit related to the share-based compensation cost , what is the effective tax rate in 2016?
Answer:
|
0.29384
|
based on the tax benefit related to the share-based compensation cost , what is the effective tax rate in 2016?
|
{
"options": {
"A": "0.29384",
"B": "0.284",
"C": "0.306",
"D": "0.275"
},
"goldenKey": "A"
}
|
{
"A": "0.29384",
"B": "0.284",
"C": "0.306",
"D": "0.275"
}
|
A
|
finqa2392
|
Please answer the given financial question based on the context.
Context: will no longer be significant contributors to business operating results , while expenses should also decline significantly reflecting the reduced level of operations . operating earnings will primarily consist of retail forestland and real estate sales of remaining acreage . specialty businesses and other the specialty businesses and other segment includes the results of the arizona chemical business and certain divested businesses whose results are included in this segment for periods prior to their sale or closure . this segment 2019s 2006 net sales increased 2% ( 2 % ) from 2005 , but declined 17% ( 17 % ) from 2004 . operating profits in 2006 were up substantially from both 2005 and 2004 . the decline in sales compared with 2004 principally reflects declining contributions from businesses sold or closed . specialty businesses and other in millions 2006 2005 2004 .
|in millions|2006|2005|2004|
|sales|$ 935|$ 915|$ 1120|
|operating profit|$ 61|$ 4|$ 38|
arizona chemical sales were $ 769 million in 2006 , compared with $ 692 million in 2005 and $ 672 million in 2004 . sales volumes declined in 2006 compared with 2005 , but average sales price realiza- tions in 2006 were higher in both the united states and europe . operating earnings in 2006 were sig- nificantly higher than in 2005 and more than 49% ( 49 % ) higher than in 2004 . the increase over 2005 reflects the impact of the higher average sales price realiza- tions and lower manufacturing costs , partially offset by higher prices for crude tall oil ( cto ) . earnings for 2005 also included a $ 13 million charge related to a plant shutdown in norway . other businesses in this operating segment include operations that have been sold , closed or held for sale , primarily the polyrey business in france and , in prior years , the european distribution business . sales for these businesses were approximately $ 166 million in 2006 , compared with $ 223 million in 2005 and $ 448 million in 2004 . in december 2006 , the company entered into a definitive agreement to sell the arizona chemical business , expected to close in the first quarter of liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products . while changes in key cash operating costs , such as energy and raw material costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operating cycle . as part of the continuing focus on improving our return on investment , we have focused our capital spending on improving our key paper and packaging businesses both globally and in north america . spending levels have been kept below the level of depreciation and amortization charges for each of the last three years , and we anticipate spending will again be slightly below depreciation and amor- tization in 2007 . financing activities in 2006 have been focused on the transformation plan objective of strengthening the balance sheet through repayment of debt , resulting in a net reduction in 2006 of $ 5.2 billion following a $ 1.7 billion net reduction in 2005 . additionally , we made a $ 1.0 billion voluntary cash contribution to our u.s . qualified pension plan in december 2006 to begin satisfying projected long-term funding requirements and to lower future pension expense . our liquidity position continues to be strong , with approximately $ 3.0 billion of committed liquidity to cover future short-term cash flow requirements not met by operating cash flows . management believes it is important for interna- tional paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms . at december 31 , 2006 , the com- pany held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) from standard & poor 2019s and moody 2019s investor services , respectively . cash provided by operations cash provided by continuing operations totaled $ 1.0 billion for 2006 , compared with $ 1.2 billion for 2005 and $ 1.7 billion in 2004 . the 2006 amount is net of a $ 1.0 billion voluntary cash pension plan contribution made in the fourth quarter of 2006 . the major components of cash provided by continuing oper- ations are earnings from continuing operations .
Question: in 2006 what percentage of specialty businesses sales are from arizona chemical sales?
Answer:
|
0.82246
|
in 2006 what percentage of specialty businesses sales are from arizona chemical sales?
|
{
"options": {
"A": "0.82246",
"B": "0.692",
"C": "0.672",
"D": "0.769"
},
"goldenKey": "A"
}
|
{
"A": "0.82246",
"B": "0.692",
"C": "0.672",
"D": "0.769"
}
|
A
|
finqa2393
|
Please answer the given financial question based on the context.
Context: in 2017 , the company granted 440076 shares of restricted class a common stock and 7568 shares of restricted stock units . restricted common stock and restricted stock units generally have a vesting period of two to four years . the fair value related to these grants was $ 58.7 million , which is recognized as compensation expense on an accelerated basis over the vesting period . dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . in 2017 , the company also granted 203298 performance shares . the fair value related to these grants was $ 25.3 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period . the vesting of these shares is contingent on meeting stated performance or market conditions . the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2017 : number of shares weighted average grant date fair value .
||number of shares|weightedaveragegrant datefair value|
|outstanding at december 31 2016|1820578|$ 98|
|granted|650942|129|
|vested|-510590 ( 510590 )|87|
|cancelled|-401699 ( 401699 )|95|
|outstanding at december 31 2017|1559231|116|
the total fair value of restricted stock , restricted stock units , and performance shares that vested during 2017 , 2016 and 2015 was $ 66.0 million , $ 59.8 million and $ 43.3 million , respectively . under the espp , eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2017 , 2016 and 2015 , a total of 19936 , 19858 and 19756 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.3 million for the purchase discount was recognized in 2017 , and $ 0.2 million was recognized in both 2016 and 2015 . non-executive directors receive an annual award of class a common stock with a value equal to $ 100000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 60000 , in shares of stock based on the closing price at the date of distribution . as a result , 19736 shares , 26439 shares and 25853 shares of class a common stock were issued to non-executive directors during 2017 , 2016 and 2015 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.5 million , $ 2.4 million and $ 2.5 million related to these stock-based payments was recognized for the years ended december 31 , 2017 , 2016 and 2015 , respectively. .
Question: based on the review of the restricted stock , restricted stock units , and performance shares activity for 2017 what was the percentage change on the outstanding stock
Answer:
|
-0.14355
|
based on the review of the restricted stock , restricted stock units , and performance shares activity for 2017 what was the percentage change on the outstanding stock
|
{
"options": {
"A": "-0.14355",
"B": "-0.1435",
"C": "0.14355",
"D": "0.1435"
},
"goldenKey": "A"
}
|
{
"A": "-0.14355",
"B": "-0.1435",
"C": "0.14355",
"D": "0.1435"
}
|
A
|
finqa2395
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure . the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the underlying asset value . the table below presents market risk for positions that are not included in var . these measures do not reflect diversification benefits across asset categories and therefore have not been aggregated . asset categories 10% ( 10 % ) sensitivity amount as of december in millions 2012 2011 .
|asset categories|asset categories||
|in millions|2012|2011|
|icbc|$ 208|$ 212|
|equity ( excluding icbc ) 1|2263|2458|
|debt2|1676|1521|
equity ( excluding icbc ) 1 2263 2458 debt 2 1676 1521 1 . relates to private and restricted public equity securities , including interests in firm-sponsored funds that invest in corporate equities and real estate and interests in firm-sponsored hedge funds . 2 . primarily relates to interests in our firm-sponsored funds that invest in corporate mezzanine and senior debt instruments . also includes loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans . var excludes the impact of changes in counterparty and our own credit spreads on derivatives as well as changes in our own credit spreads on unsecured borrowings for which the fair value option was elected . the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a $ 3 million gain ( including hedges ) as of december 2012 . in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on unsecured borrowings for which the fair value option was elected was a $ 7 million gain ( including hedges ) as of december 2012 . however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those unsecured borrowings for which the fair value option was elected , as well as the relative performance of any hedges undertaken . the firm engages in insurance activities where we reinsure and purchase portfolios of insurance risk and pension liabilities . the risks associated with these activities include , but are not limited to : equity price , interest rate , reinvestment and mortality risk . the firm mitigates risks associated with insurance activities through the use of reinsurance and hedging . certain of the assets associated with the firm 2019s insurance activities are included in var . in addition to the positions included in var , we held $ 9.07 billion of securities accounted for as available-for- sale as of december 2012 , which support the firm 2019s reinsurance business . as of december 2012 , our available- for-sale securities primarily consisted of $ 3.63 billion of corporate debt securities with an average yield of 4% ( 4 % ) , the majority of which will mature after five years , $ 3.38 billion of mortgage and other asset-backed loans and securities with an average yield of 6% ( 6 % ) , the majority of which will mature after ten years , and $ 856 million of u.s . government and federal agency obligations with an average yield of 3% ( 3 % ) , the majority of which will mature after five years . as of december 2012 , such assets were classified as held for sale and were included in 201cother assets . 201d see note 12 to the consolidated financial statements for further information about assets held for sale . as of december 2011 , we held $ 4.86 billion of securities accounted for as available-for-sale , primarily consisting of $ 1.81 billion of corporate debt securities with an average yield of 5% ( 5 % ) , the majority of which will mature after five years , $ 1.42 billion of mortgage and other asset-backed loans and securities with an average yield of 10% ( 10 % ) , the majority of which will mature after ten years , and $ 662 million of u.s . government and federal agency obligations with an average yield of 3% ( 3 % ) , the majority of which will mature after ten years . in addition , as of december 2012 and december 2011 , we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group , inc . see note 18 to the consolidated financial statements for further information about such lending commitments . as of december 2012 , the firm also had $ 6.50 billion of loans held for investment which were accounted for at amortized cost and included in 201creceivables from customers and counterparties , 201d substantially all of which had floating interest rates . the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 62 million of additional interest income over a 12-month period , which does not take into account the potential impact of an increase in costs to fund such loans . see note 8 to the consolidated financial statements for further information about loans held for investment . additionally , we make investments accounted for under the equity method and we also make direct investments in real estate , both of which are included in 201cother assets 201d in the consolidated statements of financial condition . direct investments in real estate are accounted for at cost less accumulated depreciation . see note 12 to the consolidated financial statements for information on 201cother assets . 201d goldman sachs 2012 annual report 93 .
Question: for asset categories 10% ( 10 % ) sensitivity amounts in millions for 2012 2011\\nwhat was the minimum icbc amount?
Answer:
|
208.0
|
for asset categories 10% ( 10 % ) sensitivity amounts in millions for 2012 2011\\nwhat was the minimum icbc amount?
|
{
"options": {
"A": "212",
"B": "2263",
"C": "1676",
"D": "208"
},
"goldenKey": "D"
}
|
{
"A": "212",
"B": "2263",
"C": "1676",
"D": "208"
}
|
D
|
finqa2397
|
Please answer the given financial question based on the context.
Context: 2016 non-qualified deferred compensation as of december 31 , 2016 , mr . may had a deferred account balance under a frozen defined contribution restoration plan . the amount is deemed invested , as chosen by the participant , in certain t . rowe price investment funds that are also available to the participant under the savings plan . mr . may has elected to receive the deferred account balance after he retires . the defined contribution restoration plan , until it was frozen in 2005 , credited eligible employees 2019 deferral accounts with employer contributions to the extent contributions under the qualified savings plan in which the employee participated were subject to limitations imposed by the code . defined contribution restoration plan executive contributions in registrant contributions in aggregate earnings in 2016 ( 1 ) aggregate withdrawals/ distributions aggregate balance at december 31 , ( a ) ( b ) ( c ) ( d ) ( e ) ( f ) .
|name|executive contributions in 2016 ( b )|registrant contributions in 2016 ( c )|aggregate earnings in 2016 ( 1 ) ( d )|aggregate withdrawals/distributions ( e )|aggregate balance at december 31 2016 ( a ) ( f )|
|phillip r . may jr .|$ 2014|$ 2014|$ 177|$ 2014|$ 1751|
( 1 ) amounts in this column are not included in the summary compensation table . 2016 potential payments upon termination or change in control entergy corporation has plans and other arrangements that provide compensation to a named executive officer if his or her employment terminates under specified conditions , including following a change in control of entergy corporation . in addition , in 2006 entergy corporation entered into a retention agreement with mr . denault that provides possibility of additional service credit under the system executive retirement plan upon certain terminations of employment . there are no plans or agreements that would provide for payments to any of the named executive officers solely upon a change in control . the tables below reflect the amount of compensation each of the named executive officers would have received if his or her employment with their entergy employer had been terminated under various scenarios as of december 31 , 2016 . for purposes of these tables , a stock price of $ 73.47 was used , which was the closing market price on december 30 , 2016 , the last trading day of the year. .
Question: baaed on the table , how many shares does in the plan does mr . may have based of the closing stock price of $ 73.47 as of december 30 , 2016?
Answer:
|
23.83286
|
baaed on the table , how many shares does in the plan does mr . may have based of the closing stock price of $ 73.47 as of december 30 , 2016?
|
{
"options": {
"A": "23.83286",
"B": "2014",
"C": "177",
"D": "1751"
},
"goldenKey": "A"
}
|
{
"A": "23.83286",
"B": "2014",
"C": "177",
"D": "1751"
}
|
A
|
finqa2398
|
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: by what percent did net sales increase from 2003 to 2004?
Answer:
|
0.08908
|
by what percent did net sales increase from 2003 to 2004?
|
{
"options": {
"A": "0.08908",
"B": "0.089",
"C": "0.0891",
"D": "0.0892"
},
"goldenKey": "A"
}
|
{
"A": "0.08908",
"B": "0.089",
"C": "0.0891",
"D": "0.0892"
}
|
A
|
finqa2399
|
Please answer the given financial question based on the context.
Context: note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: .
|( in millions )|2008|2007|2006|
|customer indemnification obligation|$ 200|||
|securities processing|187|$ 79|$ 37|
|other|505|399|281|
|total other expenses|$ 892|$ 478|$ 318|
in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Question: what portion of the total other expenses is related to customer indemnification obligation in 2008?
Answer:
|
0.22422
|
what portion of the total other expenses is related to customer indemnification obligation in 2008?
|
{
"options": {
"A": "0.22422",
"B": "0.11111",
"C": "0.33666",
"D": "0.44888"
},
"goldenKey": "A"
}
|
{
"A": "0.22422",
"B": "0.11111",
"C": "0.33666",
"D": "0.44888"
}
|
A
|
finqa2400
|
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 percentage of total other current assets in 2006 was comprised of nand flash memory prepayments?
Answer:
|
0.09163
|
what percentage of total other current assets in 2006 was comprised of nand flash memory prepayments?
|
{
"options": {
"A": "0.055",
"B": "0.09163",
"C": "0.183",
"D": "0.367"
},
"goldenKey": "B"
}
|
{
"A": "0.055",
"B": "0.09163",
"C": "0.183",
"D": "0.367"
}
|
B
|
finqa2401
|
Please answer the given financial question based on the context.
Context: during the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 . these units are payable in stock and are subject to certain financial performance criteria . the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded . the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) . as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) . for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period . these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award . these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period . the fair value of these performance share units at july 1 , 2011 was $ 8.6 million . of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 . a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: .
|performance share units|grants|
|outstanding at january 1 2011 ( non-vested )|556186|
|granted ( 1 )|354660|
|vesting and transfer of ownership to recipients|-136058 ( 136058 )|
|outstanding at december 31 2011 ( non-vested )|774788|
( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 . for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units . based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units . that cost is expected to be recognized over a weighted-average period of 1.1 years . note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities . we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months . we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase . all of these instruments , including investments in equity securities , are classified as available- for-sale . as a result , they are reported at fair value using quoted market prices . interest income is recorded as earned . unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income . upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. .
Question: in 2011 what was the percent of the shares granted under the legacy frontier plan in july
Answer:
|
0.63474
|
in 2011 what was the percent of the shares granted under the legacy frontier plan in july
|
{
"options": {
"A": "0.63474",
"B": "0.225116",
"C": "0.136058",
"D": "0.178148"
},
"goldenKey": "A"
}
|
{
"A": "0.63474",
"B": "0.225116",
"C": "0.136058",
"D": "0.178148"
}
|
A
|
finqa2402
|
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 vornado 2019s common shares are traded on the new york stock exchange under the symbol 201cvno . 201d quarterly high and low sales prices of the common shares and dividends paid per share for the years ended december 31 , 2011 and 2010 were as follows : year ended year ended december 31 , 2011 december 31 , 2010 .
|quarter|year ended december 31 2011 high|year ended december 31 2011 low|year ended december 31 2011 dividends|year ended december 31 2011 high|year ended december 31 2011 low|dividends|
|1st|$ 93.53|$ 82.12|$ 0.69|$ 78.40|$ 61.25|$ 0.65|
|2nd|98.42|86.85|0.69|86.79|70.06|0.65|
|3rd|98.77|72.85|0.69|89.06|68.59|0.65|
|4th|84.30|68.39|0.69|91.67|78.06|0.65|
as of february 1 , 2012 , there were 1230 holders of record of our common shares . recent sales of unregistered securities during the fourth quarter of 2011 , we issued 20891 common shares upon the redemption of class a units of the operating partnership held by persons who received units , in private placements in earlier periods , in exchange for their interests in limited partnerships that owned real estate . the common shares were issued without registration under the securities act of 1933 in reliance on section 4 ( 2 ) of that act . information relating to compensation plans under which our equity securities are authorized for issuance is set forth under part iii , item 12 of this annual report on form 10-k and such information is incorporated by reference herein . recent purchases of equity securities in december 2011 , we received 410783 vornado common shares at an average price of $ 76.36 per share as payment for the exercise of certain employee options. .
Question: in december 2011 , what was the total dollar value of the vornado common shares rceived as payment for the exercise of certain employee options?
Answer:
|
31367389.88
|
in december 2011 , what was the total dollar value of the vornado common shares rceived as payment for the exercise of certain employee options?
|
{
"options": {
"A": "31367389.88",
"B": "20891",
"C": "410783",
"D": "76.36"
},
"goldenKey": "A"
}
|
{
"A": "31367389.88",
"B": "20891",
"C": "410783",
"D": "76.36"
}
|
A
|
finqa2403
|
Please answer the given financial question based on the context.
Context: remitted to the u.s . due to foreign tax credits and exclusions that may become available at the time of remittance . at december 31 , 2010 , aon had domestic federal operating loss carryforwards of $ 56 million that will expire at various dates from 2011 to 2024 , state operating loss carryforwards of $ 610 million that will expire at various dates from 2011 to 2031 , and foreign operating and capital loss carryforwards of $ 720 million and $ 251 million , respectively , nearly all of which are subject to indefinite carryforward . unrecognized tax provisions the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : .
||2010|2009|
|balance at january 1|$ 77|$ 86|
|additions based on tax positions related to the current year|7|2|
|additions for tax positions of prior years|4|5|
|reductions for tax positions of prior years|-7 ( 7 )|-11 ( 11 )|
|settlements|-1 ( 1 )|-10 ( 10 )|
|lapse of statute of limitations|-5 ( 5 )|-3 ( 3 )|
|acquisitions|26|6|
|foreign currency translation|-1 ( 1 )|2|
|balance at december 31|$ 100|$ 77|
as of december 31 , 2010 , $ 85 million of unrecognized tax benefits would impact the effective tax rate if recognized . aon does not expect the unrecognized tax positions to change significantly over the next twelve months , except for a potential reduction of unrecognized tax benefits in the range of $ 10-$ 15 million relating to anticipated audit settlements . the company recognizes penalties and interest related to unrecognized income tax benefits in its provision for income taxes . aon accrued potential penalties of less than $ 1 million during each of 2010 , 2009 and 2008 . aon accrued interest of less than $ 1 million in 2010 , $ 2 million during 2009 and less than $ 1 million in 2008 . aon has recorded a liability for penalties of $ 5 million and for interest of $ 18 million for both december 31 , 2010 and 2009 . aon and its subsidiaries file income tax returns in the u.s . federal jurisdiction as well as various state and international jurisdictions . aon has substantially concluded all u.s . federal income tax matters for years through 2006 . material u.s . state and local income tax jurisdiction examinations have been concluded for years through 2002 . aon has concluded income tax examinations in its primary international jurisdictions through 2004. .
Question: what was the percentage change in the unrecognized tax provisions in 2010
Answer:
|
23.0
|
what was the percentage change in the unrecognized tax provisions in 2010
|
{
"options": {
"A": "12.3",
"B": "23.0",
"C": "34.5",
"D": "45.2"
},
"goldenKey": "B"
}
|
{
"A": "12.3",
"B": "23.0",
"C": "34.5",
"D": "45.2"
}
|
B
|
finqa2404
|
Please answer the given financial question based on the context.
Context: packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 . stock-based compensation ( continued ) same period was $ 1988000 lower , than if it had continued to account for share-based compensation under apb no . 25 . basic and diluted earnings per share for the year ended december 31 , 2006 were both $ 0.02 lower than if the company had continued to account for share-based compensation under apb no . 25 . prior to the adoption of sfas no . 123 ( r ) , the company presented all tax benefits of deductions resulting from share-based payment arrangements as operating cash flows in the statements of cash flows . sfas no . 123 ( r ) requires the cash flows resulting from the tax benefits from tax deductions in excess of the compensation cost recognized for those share awards ( excess tax benefits ) to be classified as financing cash flows . the excess tax benefit of $ 2885000 classified as a financing cash inflow for the year ended december 31 , 2006 would have been classified as an operating cash inflow if the company had not adopted sfas no . 123 ( r ) . as a result of adopting sfas no 123 ( r ) , unearned compensation previously recorded in stockholders 2019 equity was reclassified against additional paid in capital on january 1 , 2006 . all stock-based compensation expense not recognized as of december 31 , 2005 and compensation expense related to post 2005 grants of stock options and amortization of restricted stock will be recorded directly to additional paid in capital . compensation expense for stock options and restricted stock recognized in the statements of income for the year ended december 31 , 2006 , 2005 and 2004 was as follows : year ended december 31 , ( in thousands ) 2006 2005 2004 .
|( in thousands )|year ended december 31 , 2006|year ended december 31 , 2005|year ended december 31 , 2004|
|stock options|$ -3273 ( 3273 )|$ 2014|$ 2014|
|restricted stock|-2789 ( 2789 )|-1677 ( 1677 )|-663 ( 663 )|
|impact on income before income taxes|-6062 ( 6062 )|-1677 ( 1677 )|-663 ( 663 )|
|income tax benefit|2382|661|260|
|impact on net income|$ -3680 ( 3680 )|$ -1016 ( 1016 )|$ -403 ( 403 )|
.
Question: what was the difference in thousands in impact on net income due to compensation expense for stock options and restricted stock between 2005 and 2006?
Answer:
|
2664.0
|
what was the difference in thousands in impact on net income due to compensation expense for stock options and restricted stock between 2005 and 2006?
|
{
"options": {
"A": "2664.0",
"B": "-2664.0",
"C": "1016.0",
"D": "-1016.0"
},
"goldenKey": "A"
}
|
{
"A": "2664.0",
"B": "-2664.0",
"C": "1016.0",
"D": "-1016.0"
}
|
A
|
finqa2405
|
Please answer the given financial question based on the context.
Context: table of contents cdw corporation and subsidiaries method or straight-line method , as applicable . the company classifies deferred financing costs as a direct deduction from the carrying value of the long-term debt liability on the consolidated balance sheets , except for deferred financing costs associated with revolving credit facilities which are presented as an asset , within other assets on the consolidated balance sheets . derivative instruments the company has interest rate cap agreements for the purpose of hedging its exposure to fluctuations in interest rates . the interest rate cap agreements are designated as cash flow hedges of interest rate risk and recorded at fair value in other assets on the consolidated balance sheets . the gain or loss on the derivative instruments is reported as a component of accumulated other comprehensive loss until reclassified to interest expense in the same period the hedge transaction affects earnings . fair value measurements fair value is defined under gaap as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date . a fair value hierarchy has been established for valuation inputs to prioritize the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market . each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety . these levels are : level 1 2013 observable inputs such as quoted prices for identical instruments traded in active markets . level 2 2013 inputs are based on quoted prices for similar instruments in active markets , quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities . level 3 2013 inputs are generally unobservable and typically reflect management 2019s estimates of assumptions that market participants would use in pricing the asset or liability . the fair values are therefore determined using model-based techniques that include option pricing models , discounted cash flow models and similar techniques . accumulated other comprehensive loss the components of accumulated other comprehensive loss included in stockholders 2019 equity are as follows: .
|( in millions )|years ended december 31 , 2017|years ended december 31 , 2016|years ended december 31 , 2015|
|foreign currency translation|$ -96.1 ( 96.1 )|$ -139.6 ( 139.6 )|$ -61.1 ( 61.1 )|
|unrealized gain from hedge accounting|0.2|2014|2014|
|accumulated other comprehensive loss|$ -95.9 ( 95.9 )|$ -139.6 ( 139.6 )|$ -61.1 ( 61.1 )|
revenue recognition the company is a primary distribution channel for a large group of vendors and suppliers , including original equipment manufacturers ( 201coems 201d ) , software publishers , wholesale distributors and cloud providers . the company records revenue from sales transactions when title and risk of loss are passed to the customer , there is persuasive evidence of an arrangement for sale , delivery has occurred and/or services have been rendered , the sales price is fixed or determinable , and collectability is reasonably assured . the company 2019s shipping terms typically specify f.o.b . destination , at which time title and risk of loss have passed to the customer . revenues from the sales of hardware products and software licenses are generally recognized on a gross basis with the selling price to the customer recorded as sales and the acquisition cost of the product recorded as cost of sales . these items can be delivered to customers in a variety of ways , including ( i ) as physical product shipped from the company 2019s warehouse , ( ii ) via drop-shipment by the vendor or supplier , or ( iii ) via electronic delivery for software licenses . at the time of sale , the company records an estimate for sales returns and allowances based on historical experience . the company 2019s vendor partners warrant most of the products the company sells . the company leverages drop-shipment arrangements with many of its vendors and suppliers to deliver products to its customers without having to physically hold the inventory at its warehouses , thereby increasing efficiency and reducing .
Question: what was the greatest foreign currency translation loss , in millions?
Answer:
|
-139.6
|
what was the greatest foreign currency translation loss , in millions?
|
{
"options": {
"A": "-96.1",
"B": "-139.6",
"C": "-61.1",
"D": "61.1"
},
"goldenKey": "B"
}
|
{
"A": "-96.1",
"B": "-139.6",
"C": "-61.1",
"D": "61.1"
}
|
B
|
finqa2406
|
Please answer the given financial question based on the context.
Context: the company believes that it is reasonably possible that a decrease of up to $ 8 million in gross unrecognized income tax benefits for federal , state and foreign exposure items may be necessary within the next 12 months due to lapse of statutes of limitations or uncertain tax positions being effectively settled . the company believes that it is reasonably possible that a decrease of up to $ 14 million in gross unrecognized income tax benefits for foreign items may be necessary within the next 12 months due to payments . for the remaining uncertain income tax positions , it is difficult at this time to estimate the timing of the resolution . the company conducts business globally and , as a result , files income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions . in the normal course of business , the company is subject to examination by taxing authorities throughout the world . the following table summarizes the tax years that remain open for examination by tax authorities in the most significant jurisdictions in which the company operates: .
|united states|2015-2017|
|india|2006-2018|
|japan|2013-2017|
|united kingdom|2017|
|switzerland|2014-2017|
in certain of the jurisdictions noted above , the company operates through more than one legal entity , each of which has different open years subject to examination . the table above presents the open years subject to examination for the most material of the legal entities in each jurisdiction . additionally , it is important to note that tax years are technically not closed until the statute of limitations in each jurisdiction expires . in the jurisdictions noted above , the statute of limitations can extend beyond the open years subject to examination . due to the geographic breadth of the company 2019s operations , numerous tax audits may be ongoing throughout the world at any point in time . income tax liabilities are recorded based on estimates of additional income taxes that may be due upon the conclusion of these audits . estimates of these income tax liabilities are made based upon prior experience and are updated in light of changes in facts and circumstances . however , due to the uncertain and complex application of income tax regulations , it is possible that the ultimate resolution of audits may result in liabilities that could be materially different from these estimates . in such an event , the company will record additional income tax expense or income tax benefit in the period in which such resolution occurs. .
Question: what is the total value of expected decrease in gross unrecognized income tax benefits in the next 12 months , ( in millions ) ?
Answer:
|
22.0
|
what is the total value of expected decrease in gross unrecognized income tax benefits in the next 12 months , ( in millions ) ?
|
{
"options": {
"A": "8.0",
"B": "14.0",
"C": "22.0",
"D": "12.0"
},
"goldenKey": "C"
}
|
{
"A": "8.0",
"B": "14.0",
"C": "22.0",
"D": "12.0"
}
|
C
|
finqa2407
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations maturity at an effective rate of 6.33% ( 6.33 % ) . in december we issued $ 250 million of unsecured floating rate debt at 26 basis points over libor . the debt matures in two years , but is callable at our option after six months . 25cf in august , we paid off $ 15 million of a $ 40 million secured floating rate term loan . we also assumed $ 29.9 million of secured debt in conjunction with a property acquisition in atlanta . 25cf the average balance and average borrowing rate of our $ 500 million revolving credit facility were slightly higher in 2004 than in 2003 . at the end of 2004 we were not utilizing our credit facility . depreciation and amortization expense depreciation and amortization expense increased from $ 188.0 million in 2003 to $ 224.6 million in 2004 as a result of increased capital spending associated with increased leasing , the additional basis resulting from acquisitions , development activity and the application of sfas 141 as described below . the points below highlight the significant increase in depreciation and amortization . 25cf depreciation expense on tenant improvements increased by $ 14.1 million . 25cf depreciation expense on buildings increased by $ 6.0 million . 25cf lease commission amortization increased by $ 2.2 million . the amortization expense associated with acquired lease intangible assets increased by approximately $ 10.0 million . the acquisitions were accounted for in accordance with sfas 141 which requires the allocation of a portion of a property 2019s purchase price to intangible assets for leases acquired and in-place at the closing date of the acquisition . these intangible assets are amortized over the remaining life of the leases ( generally 3-5 years ) as compared to the building basis portion of the acquisition , which is depreciated over 40 years . service operations service operations primarily consist of our merchant building sales and the leasing , management , construction and development services for joint venture properties and properties owned by third parties . these operations are heavily influenced by the current state of the economy as leasing and management fees are dependent upon occupancy while construction and development services rely on businesses expanding operations . service operations earnings increased from $ 21.8 million in 2003 to $ 24.4 million in 2004 . the increase reflects higher construction volumes partially offset by increased staffing costs for our new national development and construction group and construction jobs in certain markets . other factors impacting service operations are discussed below . 25cf we experienced a 1.6% ( 1.6 % ) decrease in our overall gross profit margin percentage in our general contractor business in 2004 as compared to 2003 , due to continued competitive pricing pressure in many of our markets . we expect margins to increase in 2005 as economic conditions improve . however , despite this decrease , we were able to increase our net general contractor revenues from $ 26.8 million in 2003 to $ 27.6 million in 2004 because of an increase in volume . this volume increase was attributable to continued low financing costs available to businesses , thereby making it more attractive for them to own instead of lease facilities . we have a substantial backlog of $ 183.2 million for third party construction as of december 31 , 2004 , that will carry into 2005 . 25cf our merchant building development and sales program , whereby a building is developed by us and then sold , is a significant component of construction and development income . during 2004 , we generated after tax gains of $ 16.5 million from the sale of six properties compared to $ 9.6 million from the sale of four properties in 2003 . profit margins on these types of building sales fluctuate by sale depending on the type of property being sold , the strength of the underlying tenant and nature of the sale , such as a pre-contracted purchase price for a primary tenant versus a sale on the open market . general and administrative expense general and administrative expense increased from $ 22.1 million in 2003 to $ 26.4 million in 2004 . the increase was a result of increased staffing and employee compensation costs to support development of our national development and construction group . we also experienced an increase in marketing to support certain new projects . other income and expenses earnings from sales of land and ownership interests in unconsolidated companies , net of impairment adjustments , is comprised of the following amounts in 2004 and 2003 ( in thousands ) : .
||2004|2003|
|gain on sale of joint venture interests|$ 83|$ 8617|
|gain on land sales|10543|7695|
|impairment adjustment|-424 ( 424 )|-560 ( 560 )|
|total|$ 10202|$ 15752|
in the first quarter of 2003 , we sold our 50% ( 50 % ) interest in a joint venture that owned and operated depreciable investment property . the joint venture developed and operated real estate assets ; thus , the gain was not included in operating income. .
Question: in 2004 what was the ratio of the increase in the depreciation expense on the tenant improvement to the buildings
Answer:
|
2.35
|
in 2004 what was the ratio of the increase in the depreciation expense on the tenant improvement to the buildings
|
{
"options": {
"A": "1.35",
"B": "1.60",
"C": "2.00",
"D": "2.35"
},
"goldenKey": "D"
}
|
{
"A": "1.35",
"B": "1.60",
"C": "2.00",
"D": "2.35"
}
|
D
|
finqa2409
|
Please answer the given financial question based on the context.
Context: affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 . net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 . net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent . net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent . net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware . net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows . net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products . our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively . the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives . 2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs . selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 . selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs . selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs . the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: .
||2017|2016|2015|
|operating profit as reported|$ 1169|$ 1053|$ 914|
|rationalization charges|4|22|18|
|gain from sale of property and equipment|2014|2014|-5 ( 5 )|
|operating profit as adjusted|$ 1173|$ 1075|$ 927|
|operating profit margins as reported|15.3% ( 15.3 % )|14.3% ( 14.3 % )|12.8% ( 12.8 % )|
|operating profit margins as adjusted|15.3% ( 15.3 % )|14.6% ( 14.6 % )|13.0% ( 13.0 % )|
operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs . operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count . operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs . .......................................................... . .................................................................. . ..................................... . ........................................................ . ............................................ . ............................................. .
Question: what was the difference in operating profit margins as adjusted from 2016 to 2017?
Answer:
|
0.007
|
what was the difference in operating profit margins as adjusted from 2016 to 2017?
|
{
"options": {
"A": "0.007",
"B": "0.010",
"C": "0.013",
"D": "0.016"
},
"goldenKey": "A"
}
|
{
"A": "0.007",
"B": "0.010",
"C": "0.013",
"D": "0.016"
}
|
A
|
finqa2411
|
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 value of the restricted stock units awarded in the mps acquisition? ( $ )
Answer:
|
6474791.52
|
what was the value of the restricted stock units awarded in the mps acquisition? ( $ )
|
{
"options": {
"A": "6474791.52",
"B": "119373",
"C": "54.24",
"D": "1.9 million"
},
"goldenKey": "A"
}
|
{
"A": "6474791.52",
"B": "119373",
"C": "54.24",
"D": "1.9 million"
}
|
A
|
finqa2412
|
Please answer the given financial question based on the context.
Context: vornado realty trust 77 cash flows the company expects to contribute $ 959000 to the plans in 2004 . 11 . leases as lessor : the company leases space to tenants under operating leases . most of the leases provide for the payment of fixed base rentals payable monthly in advance . shopping center leases provide for the pass-through to tenants of real estate taxes , insurance and maintenance . office building leases generally require the tenants to reimburse the company for operating costs and real estate taxes above their base year costs . shopping center leases also provide for the payment by the lessee of additional rent based on a percentage of the tenants 2019 sales . as of december 31 , 2003 , future base rental revenue under non-cancelable operating leases , excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options , is as follows : ( amounts in thousands ) year ending december 31: .
|2004|$ 1084934|
|2005|968162|
|2006|846345|
|2007|770228|
|2008|608267|
|thereafter|3423083|
these amounts do not include rentals based on tenants 2019 sales . these percentage rents approximated $ 3662000 , $ 1832000 , and $ 2157000 , for the years ended december 31 , 2003 , 2002 , and 2001 . except for the u.s . government , which accounted for 12.7% ( 12.7 % ) of the company 2019s revenue , none of the company 2019s tenants represented more than 10% ( 10 % ) of total revenues for the year ended december 31 , 2003 . former bradlees locations property rentals for the year ended december 31 , 2003 , include $ 5000000 of additional rent which , effective december 31 , 2002 , was re-allocated to the former bradlees locations in marlton , turnersville , bensalem and broomall and is payable by stop & shop , pursuant to the master agreement and guaranty , dated may 1 , 1992 . this amount is in addition to all other rent guaranteed by stop & shop for the former bradlees locations . on january 8 , 2003 , stop & shop filed a complaint with the united states district court claiming the company has no right to reallocate and therefore continue to collect the $ 5000000 of annual rent from stop & shop because of the expiration of the east brunswick , jersey city , middletown , union and woodbridge leases to which the $ 5000000 of additional rent was previously allocated . the company believes the additional rent provision of the guaranty expires at the earliest in 2012 and will vigorously oppose stop & shop 2019s complaint . in february 2003 , koninklijke ahold nv , parent of stop & shop , announced that it overstated its 2002 and 2001 earnings by at least $ 500 million and is under investigation by the u.s . justice department and securities and exchange commission . the company cannot predict what effect , if any , this situation may have on stop & shop 2019s ability to satisfy its obligation under the bradlees guarantees and rent for existing stop & shop leases aggregating approximately $ 10.5 million per annum . notes to consolidated financial statements sr-176_fin_l02p53_82v1.qxd 4/8/04 2:42 pm page 77 .
Question: as of 2003 , future noncancelable minimum rent amounts for 2004 and 2005 totaled what , in thousands?
Answer:
|
2053096.0
|
as of 2003 , future noncancelable minimum rent amounts for 2004 and 2005 totaled what , in thousands?
|
{
"options": {
"A": "1084934",
"B": "968162",
"C": "2053096",
"D": "770228"
},
"goldenKey": "C"
}
|
{
"A": "1084934",
"B": "968162",
"C": "2053096",
"D": "770228"
}
|
C
|
finqa2413
|
Please answer the given financial question based on the context.
Context: part ii , item 8 schlumberger limited and subsidiaries shares of common stock ( stated in millions ) issued in treasury shares outstanding .
||issued|in treasury|shares outstanding|
|balance january 1 2007|1334|-156 ( 156 )|1178|
|shares sold to optionees less shares exchanged|2013|14|14|
|shares issued under employee stock purchase plan|2013|2|2|
|stock repurchase program|2013|-16 ( 16 )|-16 ( 16 )|
|issued on conversions of debentures|2013|18|18|
|balance december 31 2007|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|
see the notes to consolidated financial statements .
Question: if shares increase in the same amount as 2008 , what is the expected balance at the end of 2009?
Answer:
|
1196000000.0
|
if shares increase in the same amount as 2008 , what is the expected balance at the end of 2009?
|
{
"options": {
"A": "1194000000.0",
"B": "1195000000.0",
"C": "1196000000.0",
"D": "1197000000.0"
},
"goldenKey": "C"
}
|
{
"A": "1194000000.0",
"B": "1195000000.0",
"C": "1196000000.0",
"D": "1197000000.0"
}
|
C
|
finqa2414
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. .
|$ in millions|as of december 2014|as of december 2013|
|common shareholders 2019 equity|$ 73597|$ 71267|
|deductions for goodwill and identifiable intangible assets net of deferred tax liabilities|-3196 ( 3196 )|-3468 ( 3468 )|
|deductions for investments in nonconsolidated financial institutions|-4928 ( 4928 )|-9091 ( 9091 )|
|other adjustments|-1213 ( 1213 )|-489 ( 489 )|
|cet1|$ 64260|$ 58219|
|basel iii advanced rwas|$ 577869|$ 594662|
|basel iii advanced cet1 ratio|11.1% ( 11.1 % )|9.8% ( 9.8 % )|
|standardized rwas|$ 627444|$ 635092|
|standardized cet1 ratio|10.2% ( 10.2 % )|9.2% ( 9.2 % )|
although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) . these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators . see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 . in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively . 2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds . the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments . 2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions . supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations . under amendments to the revised capital framework , the u.s . federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee . the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments . the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s . banks deemed to be g-sibs , effective on january 1 , 2018 . certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 . as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) . we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements . the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies . this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s . federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators . 60 goldman sachs 2014 annual report .
Question: what is the percentage change in standardized rwas in 2014?
Answer:
|
-0.01204
|
what is the percentage change in standardized rwas in 2014?
|
{
"options": {
"A": "-0.01204",
"B": "0.01204",
"C": "-0.102",
"D": "0.102"
},
"goldenKey": "A"
}
|
{
"A": "-0.01204",
"B": "0.01204",
"C": "-0.102",
"D": "0.102"
}
|
A
|
finqa2415
|
Please answer the given financial question based on the context.
Context: fair value of financial instruments the carrying amounts shown for the company 2019s cash and cash equivalents , accounts receivable and accounts payable approximate fair value because of the short term maturity of those instruments . the fair value of the long term debt approximates its carrying value based on the variable nature of interest rates and current market rates available to the company . the fair value of foreign currency forward contracts is based on the net difference between the u.s . dollars to be received or paid at the contracts 2019 settlement date and the u.s . dollar value of the foreign currency to be sold or purchased at the current forward exchange rate . recently issued accounting standards in june 2011 , the financial accounting standards board ( 201cfasb 201d ) issued an accounting standards update which eliminates the option to report other comprehensive income and its components in the statement of changes in stockholders 2019 equity . it requires an entity to present total comprehensive income , which includes the components of net income and the components of other comprehensive income , either in a single continuous statement or in two separate but consecutive statements . in december 2011 , the fasb issued an amendment to this pronouncement which defers the specific requirement to present components of reclassifications of other comprehensive income on the face of the income statement . these pronouncements are effective for financial statements issued for fiscal years , and interim periods within those years , beginning after december 15 , 2011 . the company believes the adoption of these pronouncements will not have a material impact on its consolidated financial statements . in may 2011 , the fasb issued an accounting standards update which clarifies requirements for how to measure fair value and for disclosing information about fair value measurements common to accounting principles generally accepted in the united states of america and international financial reporting standards . this guidance is effective for interim and annual periods beginning on or after december 15 , 2011 . the company believes the adoption of this guidance will not have a material impact on its consolidated financial statements . 3 . inventories inventories consisted of the following: .
|( in thousands )|december 31 , 2011|december 31 , 2010|
|finished goods|$ 323606|$ 214524|
|raw materials|803|831|
|total inventories|$ 324409|$ 215355|
4 . acquisitions in july 2011 , the company acquired approximately 400.0 thousand square feet of office space comprising its corporate headquarters for $ 60.5 million . the acquisition included land , buildings , tenant improvements and third party lease-related intangible assets . as of the purchase date , 163.6 thousand square feet of the 400.0 thousand square feet acquired was leased to third party tenants . these leases had remaining lease terms ranging from 9 months to 15 years on the purchase date . the company intends to occupy additional space as it becomes available . since the acquisition , the company has invested $ 2.2 million in additional improvements . the acquisition included the assumption of a $ 38.6 million loan secured by the property and the remaining purchase price was paid in cash funded primarily by a $ 25.0 million term loan borrowed in may 2011 . the carrying value of the assumed loan approximated its fair value on the date of the acquisition . refer to note 7 for .
Question: as part of the july 2011 acquisition of the property what was the percent of the assumed loan to the purchase price
Answer:
|
0.63802
|
as part of the july 2011 acquisition of the property what was the percent of the assumed loan to the purchase price
|
{
"options": {
"A": "0.63802",
"B": "0.384",
"C": "0.615",
"D": "0.425"
},
"goldenKey": "A"
}
|
{
"A": "0.63802",
"B": "0.384",
"C": "0.615",
"D": "0.425"
}
|
A
|
finqa2416
|
Please answer the given financial question based on the context.
Context: host hotels & resorts , inc. , host hotels & resorts , l.p. , and subsidiaries notes to consolidated financial statements 1 . summary of significant accounting policies description of business host hotels & resorts , inc . operates as a self-managed and self-administered real estate investment trust , or reit , with its operations conducted solely through host hotels & resorts , l.p . host hotels & resorts , l.p. , a delaware limited partnership , operates through an umbrella partnership structure , with host hotels & resorts , inc. , a maryland corporation , as its sole general partner . in the notes to the consolidated financial statements , we use the terms 201cwe 201d or 201cour 201d to refer to host hotels & resorts , inc . and host hotels & resorts , l.p . together , unless the context indicates otherwise . we also use the term 201chost inc . 201d to refer specifically to host hotels & resorts , inc . and the term 201chost l.p . 201d to refer specifically to host hotels & resorts , l.p . in cases where it is important to distinguish between host inc . and host l.p . host inc . holds approximately 99% ( 99 % ) of host l.p . 2019s partnership interests , or op units . consolidated portfolio as of december 31 , 2018 , the hotels in our consolidated portfolio are in the following countries: .
||hotels|
|united states|88|
|brazil|3|
|canada|2|
|total|93|
basis of presentation and principles of consolidation the accompanying consolidated financial statements include the consolidated accounts of host inc. , host l.p . and their subsidiaries and controlled affiliates , including joint ventures and partnerships . we consolidate subsidiaries when we have the ability to control them . for the majority of our hotel and real estate investments , we consider those control rights to be ( i ) approval or amendment of developments plans , ( ii ) financing decisions , ( iii ) approval or amendments of operating budgets , and ( iv ) investment strategy decisions . we also evaluate our subsidiaries to determine if they are variable interest entities ( 201cvies 201d ) . if a subsidiary is a vie , it is subject to the consolidation framework specifically for vies . typically , the entity that has the power to direct the activities that most significantly impact economic performance consolidates the vie . we consider an entity to be a vie if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support . we review our subsidiaries and affiliates at least annually to determine if ( i ) they should be considered vies , and ( ii ) whether we should change our consolidation determination based on changes in the characteristics thereof . three partnerships are considered vie 2019s , as the general partner maintains control over the decisions that most significantly impact the partnerships . the first vie is the operating partnership , host l.p. , which is consolidated by host inc. , of which host inc . is the general partner and holds 99% ( 99 % ) of the limited partner interests . host inc . 2019s sole significant asset is its investment in host l.p . and substantially all of host inc . 2019s assets and liabilities represent assets and liabilities of host l.p . all of host inc . 2019s debt is an obligation of host l.p . and may be settled only with assets of host l.p . the consolidated partnership that owns the houston airport marriott at george bush intercontinental , of which we are the general partner and hold 85% ( 85 % ) of the partnership interests , also is a vie . the total assets of this vie at december 31 , 2018 are $ 48 million and consist primarily of cash and .
Question: as of december 31 , 2018what was the percent of the hotels in our consolidated portfolio in the us
Answer:
|
0.94624
|
as of december 31 , 2018what was the percent of the hotels in our consolidated portfolio in the us
|
{
"options": {
"A": "0.94624%",
"B": "0.94624",
"C": "94.624%",
"D": "94.624"
},
"goldenKey": "A"
}
|
{
"A": "0.94624%",
"B": "0.94624",
"C": "94.624%",
"D": "94.624"
}
|
A
|
finqa2417
|
Please answer the given financial question based on the context.
Context: equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2012 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 3946111 $ 34.67 3608527 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 .
|plan category|number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )|weighted-average exercise price of outstanding optionswarrants and rights ( 2 )|number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders|3946111|$ 34.67|3608527|
|equity compensation plans not approved by security holders ( 3 )|2014|2014|2014|
|total|3946111|$ 34.67|3608527|
( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 1166492 were subject to stock options , 2060138 were subject to outstanding restricted performance stock rights , 641556 were restricted stock rights , and 63033 were stock rights granted under the 2011 plan . in addition , this number includes 9129 stock rights and 5763 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 1166492 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what portion of the total number of securities is issued?
Answer:
|
0.52234
|
what portion of the total number of securities is issued?
|
{
"options": {
"A": "0.52234",
"B": "0.47766",
"C": "0.91766",
"D": "0.08234"
},
"goldenKey": "A"
}
|
{
"A": "0.52234",
"B": "0.47766",
"C": "0.91766",
"D": "0.08234"
}
|
A
|
finqa2420
|
Please answer the given financial question based on the context.
Context: stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2011 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . .
|company/index|december 31 , 2011|december 31 , 2012|december 31 , 2013|december 31 , 2014|december 31 , 2015|december 31 , 2016|
|o 2019reilly automotive inc .|$ 100|$ 112|$ 161|$ 241|$ 317|$ 348|
|s&p 500 retail index|100|125|180|197|245|257|
|s&p 500|$ 100|$ 113|$ 147|$ 164|$ 163|$ 178|
.
Question: what was the total five year return on o 2019reilly automotive inc.?
Answer:
|
248.0
|
what was the total five year return on o 2019reilly automotive inc.?
|
{
"options": {
"A": "112.0",
"B": "161.0",
"C": "317.0",
"D": "248.0"
},
"goldenKey": "D"
}
|
{
"A": "112.0",
"B": "161.0",
"C": "317.0",
"D": "248.0"
}
|
D
|
finqa2422
|
Please answer the given financial question based on the context.
Context: results of operations year ended december 31 , 2006 compared to year ended december 31 , 2005 the historical results of operations of pca for the years ended december 31 , 2006 and 2005 are set forth below : for the year ended december 31 , ( in millions ) 2006 2005 change .
|( in millions )|for the year ended december 31 , 2006|for the year ended december 31 , 2005|change|
|net sales|$ 2187.1|$ 1993.7|$ 193.4|
|income from operations|$ 225.9|$ 116.1|$ 109.8|
|interest expense net|-31.2 ( 31.2 )|-28.1 ( 28.1 )|-3.1 ( 3.1 )|
|income before taxes|194.7|88.0|106.7|
|provision for income taxes|-69.7 ( 69.7 )|-35.4 ( 35.4 )|-34.3 ( 34.3 )|
|net income|$ 125.0|$ 52.6|$ 72.4|
net sales net sales increased by $ 193.4 million , or 9.7% ( 9.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 . net sales increased primarily due to increased sales prices and volumes of corrugated products and containerboard compared to 2005 . total corrugated products volume sold increased 0.4% ( 0.4 % ) to 31.3 billion square feet in 2006 compared to 31.2 billion square feet in 2005 . on a comparable shipment-per-workday basis , corrugated products sales volume increased 0.8% ( 0.8 % ) in 2006 from 2005 . shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year . the larger percentage increase on a shipment-per-workday basis was due to the fact that 2006 had one less workday ( 249 days ) , those days not falling on a weekend or holiday , than 2005 ( 250 days ) . containerboard sales volume to external domestic and export customers increased 15.6% ( 15.6 % ) to 482000 tons for the year ended december 31 , 2006 from 417000 tons in 2005 . income from operations income from operations increased by $ 109.8 million , or 94.6% ( 94.6 % ) , for the year ended december 31 , 2006 compared to 2005 . included in income from operations for the year ended december 31 , 2005 is income of $ 14.0 million , net of expenses , consisting of two dividends paid to pca by southern timber venture , llc ( stv ) , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest . excluding the dividends from stv , income from operations increased $ 123.8 million in 2006 compared to 2005 . the $ 123.8 million increase in income from operations was primarily attributable to higher sales prices and volume as well as improved mix of business ( $ 195.6 million ) , partially offset by increased costs related to transportation ( $ 18.9 million ) , energy , primarily purchased fuels and electricity ( $ 18.3 million ) , wage increases for hourly and salaried personnel ( $ 16.9 million ) , medical , pension and other benefit costs ( $ 9.9 million ) , and incentive compensation ( $ 6.5 million ) . gross profit increased $ 137.1 million , or 44.7% ( 44.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 . gross profit as a percentage of net sales increased from 15.4% ( 15.4 % ) of net sales in 2005 to 20.3% ( 20.3 % ) of net sales in the current year primarily due to the increased sales prices described previously . selling and administrative expenses increased $ 12.3 million , or 8.4% ( 8.4 % ) , for the year ended december 31 , 2006 from the comparable period in 2005 . the increase was primarily the result of increased salary and .
Question: net sales increased by what percent from 2005 to 2006?
Answer:
|
0.09701
|
net sales increased by what percent from 2005 to 2006?
|
{
"options": {
"A": "0.09701%",
"B": "0.097%",
"C": "9.7%",
"D": "97%"
},
"goldenKey": "A"
}
|
{
"A": "0.09701%",
"B": "0.097%",
"C": "9.7%",
"D": "97%"
}
|
A
|
finqa2423
|
Please answer the given financial question based on the context.
Context: mission systems and training our mst business segment provides ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies . mst 2019s major programs include aegis combat system ( aegis ) , littoral combat ship ( lcs ) , mh-60 , tpq-53 radar system and mk-41 vertical launching system . mst 2019s operating results included the following ( in millions ) : .
||2014|2013|2012|
|net sales|$ 7147|$ 7153|$ 7579|
|operating profit|843|905|737|
|operating margins|11.8% ( 11.8 % )|12.7% ( 12.7 % )|9.7% ( 9.7 % )|
|backlog at year-end|$ 11700|$ 10800|$ 10700|
2014 compared to 2013 mst 2019s net sales for 2014 were comparable to 2013 . net sales decreased by approximately $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 . the decreases were offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) . mst 2019s operating profit for 2014 decreased $ 62 million , or 7% ( 7 % ) , compared to 2013 . the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) in 2013 that were not repeated in 2014 ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs . the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 50 million lower for 2014 compared to 2013 . 2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume ( primarily ptds as final surveillance system deliveries occurred during the second quarter of 2012 ) ; about $ 195 million for various integrated warfare systems and sensors programs ( primarily naval systems ) due to lower volume ; approximately $ 65 million for various training and logistics programs due to lower volume ; and about $ 55 million for the aegis program due to lower volume . the decreases were partially offset by higher net sales of about $ 155 million for the lcs program due to increased volume . mst 2019s operating profit for 2013 increased $ 168 million , or 23% ( 23 % ) , compared to 2012 . the increase was primarily attributable to higher operating profit of approximately $ 120 million related to the settlement of contract cost matters on certain programs ( including a portion of the terminated presidential helicopter program ) ; about $ 55 million for integrated warfare systems and sensors programs ( primarily radar and halifax class modernization programs ) due to increased risk retirements ; and approximately $ 30 million for undersea systems programs due to increased risk retirements . the increases were partially offset by lower operating profit of about $ 55 million for training and logistics programs , primarily due to the recording of approximately $ 30 million of charges mostly related to lower-of-cost-or-market considerations ; and about $ 25 million for ship and aviation systems programs ( primarily ptds ) due to lower risk retirements and volume . operating profit related to the lcs program was comparable . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 170 million higher for 2013 compared to 2012 . backlog backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) . backlog increased slightly in 2013 compared to 2012 mainly due to higher orders and lower sales on integrated warfare system and sensors programs ( primarily aegis ) and lower sales on various service programs , partially offset by lower orders on ship and aviation systems ( primarily mh-60 ) . .
Question: what was the percent of the net sales decline in 2013 attributable to the in part to the various integrated warfare systems and sensors programs - for the naval system lower volume
Answer:
|
0.45775
|
what was the percent of the net sales decline in 2013 attributable to the in part to the various integrated warfare systems and sensors programs - for the naval system lower volume
|
{
"options": {
"A": "0.45775%",
"B": "4.5775%",
"C": "45.775%",
"D": "457.75%"
},
"goldenKey": "A"
}
|
{
"A": "0.45775%",
"B": "4.5775%",
"C": "45.775%",
"D": "457.75%"
}
|
A
|
finqa2424
|
Please answer the given financial question based on the context.
Context: mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the following table summarizes expected benefit payments through 2018 including those payments expected to be paid from the company 2019s general assets . since the majority of the benefit payments are made in the form of lump-sum distributions , actual benefit payments may differ from expected benefits payments. .
|2009|$ 19766|
|2010|18182|
|2011|25518|
|2012|21029|
|2013|24578|
|2014 2013 2018|118709|
substantially all of the company 2019s u.s . employees are eligible to participate in a defined contribution savings plan ( the 201csavings plan 201d ) sponsored by the company . the savings plan allows employees to contribute a portion of their base compensation on a pre-tax and after-tax basis in accordance with specified guidelines . the company matches a percentage of employees 2019 contributions up to certain limits . in 2007 and prior years , the company could also contribute to the savings plan a discretionary profit sharing component linked to company performance during the prior year . beginning in 2008 , the discretionary profit sharing amount related to 2007 company performance was paid directly to employees as a short-term cash incentive bonus rather than as a contribution to the savings plan . in addition , the company has several defined contribution plans outside of the united states . the company 2019s contribution expense related to all of its defined contribution plans was $ 35341 , $ 26996 and $ 43594 for 2008 , 2007 and 2006 , respectively . the company had a value appreciation program ( 201cvap 201d ) , which was an incentive compensation plan established in 1995 . annual awards were granted to vap participants from 1995 through 1998 , which entitled participants to the net appreciation on a portfolio of securities of members of mastercard international . in 1999 , the vap was replaced by an executive incentive plan ( 201ceip 201d ) and the senior executive incentive plan ( 201cseip 201d ) ( together the 201ceip plans 201d ) ( see note 16 ( share based payments and other benefits ) ) . contributions to the vap have been discontinued , all plan assets have been disbursed and no vap liability remained as of december 31 , 2008 . the company 2019s liability related to the vap at december 31 , 2007 was $ 986 . the expense ( benefit ) was $ ( 6 ) , $ ( 267 ) and $ 3406 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . note 12 . postemployment and postretirement benefits the company maintains a postretirement plan ( the 201cpostretirement plan 201d ) providing health coverage and life insurance benefits for substantially all of its u.s . employees and retirees hired before july 1 , 2007 . the company amended the life insurance benefits under the postretirement plan effective january 1 , 2007 . the impact , net of taxes , of this amendment was an increase of $ 1715 to accumulated other comprehensive income in 2007. .
Question: what was the ratio of the company 2019s contribution expense related to all of its defined contribution plans for 2008 to 2007
Answer:
|
1.30912
|
what was the ratio of the company 2019s contribution expense related to all of its defined contribution plans for 2008 to 2007
|
{
"options": {
"A": "1.30912",
"B": "0.76923",
"C": "1.30912",
"D": "0.76923"
},
"goldenKey": "A"
}
|
{
"A": "1.30912",
"B": "0.76923",
"C": "1.30912",
"D": "0.76923"
}
|
A
|
finqa2425
|
Please answer the given financial question based on the context.
Context: entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis entergy arkansas 2019s receivables from the money pool were as follows as of december 31 for each of the following years: .
|2011|2010|2009|2008|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|$ 17362|$ 41463|$ 28859|$ 15991|
in april 2011 , entergy arkansas entered into a new $ 78 million credit facility that expires in april 2012 . there were no outstanding borrowings under the entergy arkansas credit facility as of december 31 , 2011 . entergy arkansas has obtained short-term borrowing authorization from the ferc under which it may borrow through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 250 million . see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits . entergy arkansas has also obtained an order from the apsc authorizing long-term securities issuances through december state and local rate regulation and fuel-cost recovery retail rates 2009 base rate filing in september 2009 , entergy arkansas filed with the apsc for a general change in rates , charges , and tariffs . in june 2010 the apsc approved a settlement and subsequent compliance tariffs that provide for a $ 63.7 million rate increase , effective for bills rendered for the first billing cycle of july 2010 . the settlement provides for a 10.2% ( 10.2 % ) return on common equity . production cost allocation rider the apsc approved a production cost allocation rider for recovery from customers of the retail portion of the costs allocated to entergy arkansas as a result of the system agreement proceedings . these costs cause an increase in entergy arkansas 2019s deferred fuel cost balance , because entergy arkansas pays the costs over seven months but collects them from customers over twelve months . see note 2 to the financial statements and entergy corporation and subsidiaries 201cmanagement 2019s financial discussion and analysis - system agreement 201d for discussions of the system agreement proceedings . energy cost recovery rider entergy arkansas 2019s retail rates include an energy cost recovery rider to recover fuel and purchased energy costs in monthly bills . the rider utilizes prior calendar year energy costs and projected energy sales for the twelve- month period commencing on april 1 of each year to develop an energy cost rate , which is redetermined annually and includes a true-up adjustment reflecting the over-recovery or under-recovery , including carrying charges , of the energy cost for the prior calendar year . the energy cost recovery rider tariff also allows an interim rate request depending upon the level of over- or under-recovery of fuel and purchased energy costs . in early october 2005 , the apsc initiated an investigation into entergy arkansas's interim energy cost recovery rate . the investigation focused on entergy arkansas's 1 ) gas contracting , portfolio , and hedging practices ; 2 ) wholesale purchases during the period ; 3 ) management of the coal inventory at its coal generation plants ; and 4 ) response to the contractual failure of the railroads to provide coal deliveries . in march 2006 , the apsc extended its investigation to cover the costs included in entergy arkansas's march 2006 annual energy cost rate filing , and a hearing was held in the apsc energy cost recovery investigation in october 2006. .
Question: what was the percent of the new entergy arkansas credit facility to the accounts receivables in 2011
Answer:
|
0.00449
|
what was the percent of the new entergy arkansas credit facility to the accounts receivables in 2011
|
{
"options": {
"A": "0.00449",
"B": "0.00198",
"C": "0.00375",
"D": "0.00285"
},
"goldenKey": "A"
}
|
{
"A": "0.00449",
"B": "0.00198",
"C": "0.00375",
"D": "0.00285"
}
|
A
|
finqa2426
|
Please answer the given financial question based on the context.
Context: abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 12 . stock award plans and stock based compensation ( continued ) compensation expense recognized related to the company 2019s espp was approximately $ 0.1 million for each of the years ended march 31 , 2009 , 2008 and 2007 respectively . the fair value of shares issued under the employee stock purchase plan was estimated on the commencement date of each offering period using the black-scholes option-pricing model with the following assumptions: .
||2009|2008|2007|
|risk-free interest rate|1.01% ( 1.01 % )|4.61% ( 4.61 % )|4.84% ( 4.84 % )|
|expected life ( years )|0.5|0.5|0.5|
|expected volatility|67.2% ( 67.2 % )|45.2% ( 45.2 % )|39.8% ( 39.8 % )|
note 13 . capital stock in august 2008 , the company issued 2419932 shares of its common stock at a price of $ 17.3788 in a public offering , which resulted in net proceeds to the company of approximately $ 42.0 million , after deducting offering expenses . in march 2007 , the company issued 5000000 shares of common stock in a public offering , and in april 2007 , an additional 80068 shares of common stock were issued in connection with the offering upon the partial exercise of the underwriters 2019 over-allotment option . the company has authorized 1000000 shares of class b preferred stock , $ 0.01 par value , of which the board of directors can set the designation , rights and privileges . no shares of class b preferred stock have been issued or are outstanding . note 14 . income taxes deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to tax benefit carryforwards and to differences between the financial statement amounts of assets and liabilities and their respective tax basis . deferred tax assets and liabilities are measured using enacted tax rates . a valuation reserve is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized . the tax benefit associated with the stock option compensation deductions will be credited to equity when realized . at march 31 , 2009 , the company had federal and state net operating loss carryforwards , or nols , of approximately $ 145.1 million and $ 97.1 million , respectively , which begin to expire in fiscal 2010 . additionally , at march 31 , 2009 , the company had federal and state research and development credit carryforwards of approximately $ 8.1 million and $ 4.2 million , respectively , which begin to expire in fiscal 2010 . the company acquired impella , a german-based company , in may 2005 . impella had pre-acquisition net operating losses of approximately $ 18.2 million at the time of acquisition ( which is denominated in euros and is subject to foreign exchange remeasurement at each balance sheet date presented ) , and has since incurred net operating losses in each fiscal year since the acquisition . during fiscal 2008 , the company determined that approximately $ 1.2 million of pre-acquisition operating losses could not be utilized . the utilization of pre-acquisition net operating losses of impella in future periods is subject to certain statutory approvals and business requirements . due to uncertainties surrounding the company 2019s ability to generate future taxable income to realize these assets , a full valuation allowance has been established to offset the company 2019s net deferred tax assets and liabilities . additionally , the future utilization of the company 2019s nol and research and development credit carry forwards to offset future taxable income may be subject to a substantial annual limitation under section 382 of the internal revenue code due to ownership changes that have occurred previously or that could occur in the future . ownership changes , as defined in section 382 of the internal revenue code , can limit the amount of net operating loss carry forwards and research and development credit carry forwards that a company can use each year to offset future taxable income and taxes payable . the company believes that all of its federal and state nol 2019s will be available for carryforward to future tax periods , subject to the statutory maximum carryforward limitation of any annual nol . any future potential limitation to all or a portion of the nol or research and development credit carry forwards , before they can be utilized , would reduce the company 2019s gross deferred tax assets . the company will monitor subsequent ownership changes , which could impose limitations in the future. .
Question: what percentage of impella's pre-acquisition net operating losses are expected to be utilized?
Answer:
|
0.93407
|
what percentage of impella's pre-acquisition net operating losses are expected to be utilized?
|
{
"options": {
"A": "0.1451%",
"B": "0.182%",
"C": "0.93407%",
"D": "1.2%"
},
"goldenKey": "C"
}
|
{
"A": "0.1451%",
"B": "0.182%",
"C": "0.93407%",
"D": "1.2%"
}
|
C
|
finqa2427
|
Please answer the given financial question based on the context.
Context: the environmental liability includes costs for remediation and restoration of sites , as well as for ongoing monitoring costs , but excludes any anticipated recoveries from third parties . cost estimates are based on information available for each site , financial viability of other potentially responsible parties , and existing technology , laws , and regulations . we believe that we have adequately accrued for our ultimate share of costs at sites subject to joint and several liability . however , the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site-specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs . estimates may also vary due to changes in federal , state , and local laws governing environmental remediation . we do not expect current obligations to have a material adverse effect on our results of operations or financial condition . guarantees 2013 at december 31 , 2006 , we were contingently liable for $ 464 million in guarantees . we have recorded a liability of $ 6 million for the fair value of these obligations as of december 31 , 2006 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . indemnities 2013 our maximum potential exposure under indemnification arrangements , including certain tax indemnifications , can range from a specified dollar amount to an unlimited amount , depending on the nature of the transactions and the agreements . due to uncertainty as to whether claims will be made or how they will be resolved , we cannot reasonably determine the probability of an adverse claim or reasonably estimate any adverse liability or the total maximum exposure under these indemnification arrangements . we do not have any reason to believe that we will be required to make any material payments under these indemnity provisions . income taxes 2013 as previously reported in our form 10-q for the quarter ended september 30 , 2005 , the irs has completed its examinations and issued notices of deficiency for tax years 1995 through 2002 . among their proposed adjustments is the disallowance of tax deductions claimed in connection with certain donations of property . in the fourth quarter of 2005 , the irs national office issued a technical advice memorandum which left unresolved whether the deductions were proper , pending further factual development . we continue to dispute the donation issue , as well as many of the other proposed adjustments , and will contest the associated tax deficiencies through the irs appeals process , and , if necessary , litigation . in addition , the irs is examining the corporation 2019s federal income tax returns for tax years 2003 and 2004 and should complete their exam in 2007 . we do not expect that the ultimate resolution of these examinations will have a material adverse effect on our consolidated financial statements . 11 . other income other income included the following for the years ended december 31 : millions of dollars 2006 2005 2004 .
|millions of dollars|2006|2005|2004|
|rental income|$ 83|$ 59|$ 55|
|net gain on non-operating asset dispositions|72|135|69|
|interest income|29|17|10|
|sale of receivables fees|-33 ( 33 )|-23 ( 23 )|-11 ( 11 )|
|non-operating environmental costs and other|-33 ( 33 )|-43 ( 43 )|-35 ( 35 )|
|total|$ 118|$ 145|$ 88|
.
Question: in 2006 what was the total other income less fees
Answer:
|
184.0
|
in 2006 what was the total other income less fees
|
{
"options": {
"A": "83",
"B": "145",
"C": "118",
"D": "184"
},
"goldenKey": "D"
}
|
{
"A": "83",
"B": "145",
"C": "118",
"D": "184"
}
|
D
|
finqa2428
|
Please answer the given financial question based on the context.
Context: reduced administrative expense . in connection with this project , we eliminated 749 positions . we incurred $ 54.7 million of net expenses , most of which was cash . we recorded $ 0.4 million of restructuring charges relating to this action in fiscal 2018 , restructuring charges were reduced by $ 0.4 million in fiscal 2017 , and we incurred $ 54.7 million of restructuring charges in fiscal 2016 . this action was completed in fiscal 2018 . in fiscal 2015 , we announced project century ( century ) which initially involved a review of our north american manufacturing and distribution network to streamline operations and identify potential capacity reductions . in fiscal 2016 , we broadened the scope of century to identify opportunities to streamline our supply chain outside of north america . as part of century , in the second quarter of fiscal 2016 , we approved a restructuring plan to close manufacturing facilities in our europe & australia segment supply chain located in berwick , united kingdom and east tamaki , new zealand . these actions affected 287 positions and we incurred $ 31.8 million of net expenses related to these actions , of which $ 12 million was cash . we recorded $ 1.8 million of restructuring charges relating to these actions in fiscal 2017 and $ 30.0 million in fiscal 2016 . these actions were completed in fiscal 2017 . as part of century , in the first quarter of fiscal 2016 , we approved a restructuring plan to close our west chicago , illinois cereal and dry dinner manufacturing plant in our north america retail segment supply chain . this action affected 484 positions , and we incurred $ 109.3 million of net expenses relating to this action , of which $ 21 million was cash . we recorded $ 6.9 million of restructuring charges relating to this action in fiscal 2018 , $ 23.2 million in fiscal 2017 and $ 79.2 million in fiscal 2016 . this action was completed in fiscal 2018 . as part of century , in the first quarter of fiscal 2016 , we approved a restructuring plan to close our joplin , missouri snacks plant in our north america retail segment supply chain . this action affected 125 positions , and we incurred $ 8.0 million of net expenses relating to this action , of which less than $ 1 million was cash . we recorded $ 1.4 million of restructuring charges relating to this action in fiscal 2018 , $ 0.3 million in fiscal 2017 , and $ 6.3 million in fiscal 2016 . this action was completed in fiscal 2018 . we paid cash related to restructuring initiatives of $ 53.6 million in fiscal 2018 , $ 107.8 million in fiscal 2017 , and $ 122.6 million in fiscal 2016 . in addition to restructuring charges , we expect to incur approximately $ 130 million of project-related costs , which will be recorded in cost of sales , all of which will be cash . we recorded project-related costs in cost of sales of $ 11.3 million in fiscal 2018 , $ 43.9 million in fiscal 2017 , and $ 57.5 million in fiscal 2016 . we paid cash for project-related costs of $ 10.9 million in fiscal 2018 , $ 46.9 million in fiscal 2017 , and $ 54.5 million in fiscal 2016 . we expect these activities to be completed in fiscal 2019 . restructuring charges and project-related costs are classified in our consolidated statements of earnings as follows: .
|in millions|fiscal 2018|fiscal 2017|fiscal 2016|
|cost of sales|$ 14.0|$ 41.5|$ 78.4|
|restructuring impairment and other exit costs|68.7|182.6|151.4|
|total restructuring charges|82.7|224.1|229.8|
|project-related costs classified in cost ofsales|$ 11.3|$ 43.9|$ 57.5|
.
Question: what are the total restructuring charges for the last three years?
Answer:
|
536.6
|
what are the total restructuring charges for the last three years?
|
{
"options": {
"A": "82.7",
"B": "224.1",
"C": "229.8",
"D": "536.6"
},
"goldenKey": "D"
}
|
{
"A": "82.7",
"B": "224.1",
"C": "229.8",
"D": "536.6"
}
|
D
|
finqa2429
|
Please answer the given financial question based on the context.
Context: 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2017 , and 2016 included $ 1635 million , net of $ 953 million of accumulated depreciation , and $ 1997 million , net of $ 1121 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2017 , were as follows : millions operating leases capital leases .
|millions|operatingleases|capitalleases|
|2018|$ 398|$ 173|
|2019|359|156|
|2020|297|164|
|2021|259|168|
|2022|221|147|
|later years|1115|271|
|total minimum lease payments|$ 2649|$ 1079|
|amount representing interest|n/a|-187 ( 187 )|
|present value of minimum lease payments|n/a|$ 892|
approximately 97% ( 97 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 480 million in 2017 , $ 535 million in 2016 , and $ 590 million in 2015 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 95% ( 95 % ) of the recorded liability is related to asserted claims and approximately 5% ( 5 % ) is related to unasserted claims at december 31 , 2017 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 285 million to $ 310 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .
Question: as of december 31 , 2017 what was the percent of the total non-cancelable lease terms in excess of one year due in 2019
Answer:
|
0.13814
|
as of december 31 , 2017 what was the percent of the total non-cancelable lease terms in excess of one year due in 2019
|
{
"options": {
"A": "0.13814",
"B": "0.135",
"C": "0.141",
"D": "0.145"
},
"goldenKey": "A"
}
|
{
"A": "0.13814",
"B": "0.135",
"C": "0.141",
"D": "0.145"
}
|
A
|
finqa2430
|
Please answer the given financial question based on the context.
Context: increase . in north america , contract generation segment revenues increased $ 46 million . in the caribbean ( which includes venezuela and colombia ) , contract generation segment revenues increased $ 11 million , and this was due to a full year of operations at merida iii offset by a lower capacity factor at los mina . competitive supply revenues increased $ 300 million or 13% ( 13 % ) to $ 2.7 billion in 2001 from $ 2.4 billion in 2000 . excluding businesses acquired or that commenced commercial operations in 2001 or 2000 , competitive supply revenues increased 3% ( 3 % ) to $ 2.4 billion in 2001 . the most significant increases occurred within north america and the caribbean . slight increases were recorded within south america and asia . europe/africa reported a slight decrease due to lower pool prices in the u.k . offset by the start of commercial operations at fifoots and the acquisition of ottana . in north america , competitive supply segment revenues increased $ 184 million due primarily to an expanded customer base at new energy as well as increased operations at placerita . these increases in north america were offset by lower market prices at our new york businesses . in the caribbean , competitive supply segment revenues increased $ 123 million due primarily to the acquisition of chivor . large utility revenues increased $ 300 million , or 14% ( 14 % ) to $ 2.4 billion in 2001 from $ 2.1 billion in 2000 , principally resulting from the addition of revenues attributable to businesses acquired during 2001 or 2000 . excluding businesses acquired in 2001 and 2000 , large utility revenues increased 1% ( 1 % ) to $ 1.6 billion in 2001 . the majority of the increase occurred within the caribbean , and there was a slight increase in north america . in the caribbean , revenues increased $ 312 million due to a full year of revenues from edc , which was acquired in june 2000 . growth distribution revenues increased $ 400 million , or 31% ( 31 % ) to $ 1.7 billion in 2001 from $ 1.3 billion in 2000 . excluding businesses acquired in 2001 or 2000 , growth distribution revenues increased 20% ( 20 % ) to $ 1.3 billion in 2001 . revenues increased most significantly in the caribbean and to a lesser extent in south america and europe/africa . revenues decreased slightly in asia . in the caribbean , growth distribution segment revenues increased $ 296 million due primarily to a full year of operations at caess , which was acquired in 2000 and improved operations at ede este . in south america , growth distribution segment revenues increased $ 89 million due to the significant revenues at sul from our settlement with the brazilian government offset by declines in revenues at our argentine distribution businesses . the settlement with the brazilian government confirmed the sales price that sul would receive from its sales into the southeast market ( where rationing occurred ) under its itaipu contract . in europe/africa , growth distribution segment revenues increased $ 59 million from the acquisition of sonel . in asia , growth distribution segment revenues decreased $ 33 million mainly due to the change in the way in which we are accounting for our investment in cesco . cesco was previously consolidated but was changed to equity method during 2001 when the company was removed from management and the board of directors . this decline was partially offset by the increase in revenues from the distribution businesses that we acquired in the ukraine . aes is a global power company which operates in 29 countries around the world . the breakdown of aes 2019s revenues for the years ended december 31 , 2001 and 2000 , based on the geographic region in which they were earned , is set forth below . a more detailed breakdown by country can be found in note 16 of the consolidated financial statements. .
||2001|2000|% ( % ) change|
|north america|$ 3.6 billion|$ 3.4 billion|6% ( 6 % )|
|south america|$ 1.7 billion|$ 1.1 billion|55% ( 55 % )|
|caribbean*|$ 1.9 billion|$ 1.1 billion|73% ( 73 % )|
|europe/africa|$ 1.4 billion|$ 1.3 billion|8% ( 8 % )|
|asia|$ 693 million|$ 615 million|13% ( 13 % )|
* includes venezuela and colombia. .
Question: total americas segment revenues were how much ( in billions ) in 2001?
Answer:
|
5.3
|
total americas segment revenues were how much ( in billions ) in 2001?
|
{
"options": {
"A": "3.6",
"B": "5.3",
"C": "6.8",
"D": "7.1"
},
"goldenKey": "B"
}
|
{
"A": "3.6",
"B": "5.3",
"C": "6.8",
"D": "7.1"
}
|
B
|
finqa2431
|
Please answer the given financial question based on the context.
Context: 52 2018 ppg annual report and 10-k 1 . summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc . ( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s . and non-u.s. , that it controls . ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls . for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests . investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting . as a result , ppg 2019s share of income or losses from such equity affiliates is included in the consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in investments on the consolidated balance sheet . transactions between ppg and its subsidiaries are eliminated in consolidation . use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s . generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period . such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated . actual outcomes could differ from those estimates . revenue recognition revenue is recognized as performance obligations with the customer are satisfied , at an amount that is determined to be collectible . for the sale of products , this generally occurs at the point in time when control of the company 2019s products transfers to the customer based on the agreed upon shipping terms . shipping and handling costs amounts billed to customers for shipping and handling are reported in net sales in the consolidated statement of income . shipping and handling costs incurred by the company for the delivery of goods to customers are included in cost of sales , exclusive of depreciation and amortization in the consolidated statement of income . selling , general and administrative costs amounts presented in selling , general and administrative in the consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate-wide functional support in such areas as finance , law , human resources and planning . distribution costs pertain to the movement and storage of finished goods inventory at company-owned and leased warehouses and other distribution facilities . advertising costs advertising costs are expensed as incurred and totaled $ 280 million , $ 313 million and $ 322 million in 2018 , 2017 and 2016 , respectively . research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. .
|( $ in millions )|2018|2017|2016|
|research and development 2013 total|$ 464|$ 472|$ 473|
|less depreciation on research facilities|23|21|20|
|research and development net|$ 441|$ 451|$ 453|
legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred . income taxes income taxes are accounted for under the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to operating losses and tax credit carryforwards as well as differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . the effect on deferred notes to the consolidated financial statements .
Question: were 2017 advertising costs greater than r&d expenses?
Answer:
|
no
|
were 2017 advertising costs greater than r&d expenses?
|
{
"options": {
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
},
"goldenKey": "B"
}
|
{
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
}
|
B
|
finqa2432
|
Please answer the given financial question based on the context.
Context: equity in net earnings of affiliated companies equity income from the m-i swaco joint venture in 2010 represents eight months of equity income through the closing of the smith transaction . interest expense interest expense of $ 298 million in 2011 increased by $ 91 million compared to 2010 primarily due to the $ 4.6 billion of long-term debt that schlumberger issued during 2011 . interest expense of $ 207 million in 2010 decreased by $ 14 million compared to 2009 primarily due to a decline in the weighted average borrowing rates , from 3.9% ( 3.9 % ) to 3.2% ( 3.2 % ) . research & engineering and general & administrative expenses , as a percentage of revenue , were as follows: .
||2011|2010|2009|
|research & engineering|2.7% ( 2.7 % )|3.3% ( 3.3 % )|3.5% ( 3.5 % )|
|general & administrative|1.1% ( 1.1 % )|1.1% ( 1.1 % )|1.1% ( 1.1 % )|
although research & engineering decreased as a percentage of revenue in 2011 as compared to 2010 and in 2010 compared to 2009 , it has increased in absolute dollars by $ 154 million and $ 117 million , respectively . these increases in absolute dollars were driven in large part by the impact of the smith acquisition . income taxes the schlumberger effective tax rate was 24.4% ( 24.4 % ) in 2011 , 17.3% ( 17.3 % ) in 2010 , and 19.6% ( 19.6 % ) in 2009 . the schlumberger effective tax rate is sensitive to the geographic mix of earnings . when the percentage of pretax earnings generated outside of north america increases , the schlumberger effective tax rate will generally decrease . conversely , when the percentage of pretax earnings generated outside of north america decreases , the schlumberger effective tax rate will generally increase . the effective tax rate for both 2011 and 2010 was impacted by the charges and credits described in note 3 to the consolidated financial statements . excluding the impact of these charges and credits , the effective tax rate in 2011 was 24.0% ( 24.0 % ) compared to 20.6% ( 20.6 % ) in 2010 . this increase in the effective tax rate , excluding the impact of the charges and credits , was primarily attributable to the fact that schlumberger generated a larger proportion of its pretax earnings in north america in 2011 as compared to 2010 as a result of improved market conditions and the effect of a full year 2019s activity from the acquired smith businesses . the effective tax rate for 2009 was also impacted by the charges and credits described in note 3 to the consolidated financial statements , but to a much lesser extent . excluding charges and credits , the effective tax rate in 2010 was 20.6% ( 20.6 % ) compared to 19.2% ( 19.2 % ) in 2009 . this increase is largely attributable to the geographic mix of earnings as well as the inclusion of four months 2019 results from the acquisition of smith , which served to increase the schlumberger effective tax charges and credits schlumberger recorded significant charges and credits in continuing operations during 2011 , 2010 and 2009 . these charges and credits , which are summarized below , are more fully described in note 3 to the consolidated financial statements. .
Question: what was the percent growth or decline of research & engineering as a percent of revenue from 2010 to 2011
Answer:
|
-0.18182
|
what was the percent growth or decline of research & engineering as a percent of revenue from 2010 to 2011
|
{
"options": {
"A": "0.18182",
"B": "-0.18182",
"C": "0.18182%",
"D": "-0.18182%"
},
"goldenKey": "B"
}
|
{
"A": "0.18182",
"B": "-0.18182",
"C": "0.18182%",
"D": "-0.18182%"
}
|
B
|
finqa2433
|
Please answer the given financial question based on the context.
Context: 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 . the high and low bid information for our common stock , as reported by nasdaq , was as follows : on march 8 , 2006 , the last reported closing price of our common stock on the nasdaq national market was $ 12.59 . holders there were approximately 114 holders of record of our common stock as of march 8 , 2006 . 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 . 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 . we have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities . item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .
||high|low|
|november 5 2004 to december 31 2004|$ 24.41|$ 12.75|
|january 1 2005 to march 31 2005|$ 15.95|$ 9.64|
|april 1 2005 to june 30 2005|$ 13.87|$ 9.83|
|july 1 2005 to september 30 2005|$ 14.09|$ 9.99|
|october 1 2005 to december 31 2005|$ 13.14|$ 10.64|
.
Question: according to the above listed holders of common stock , what was the market share of mktx common stock on march 8 , 2006?
Answer:
|
1435.26
|
according to the above listed holders of common stock , what was the market share of mktx common stock on march 8 , 2006?
|
{
"options": {
"A": "114",
"B": "1435.26",
"C": "12.59",
"D": "53.9 million"
},
"goldenKey": "B"
}
|
{
"A": "114",
"B": "1435.26",
"C": "12.59",
"D": "53.9 million"
}
|
B
|
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