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finqa2435
|
Please answer the given financial question based on the context.
Context: stock performance graph the following performance graph compares the cumulative total return ( including dividends ) to the holders of our common stock from december 31 , 2002 through december 31 , 2007 , with the cumulative total returns of the nyse composite index , the ftse nareit composite reit index ( the 201call reit index 201d ) , the ftse nareit healthcare equity reit index ( the 201chealthcare reit index 201d ) and the russell 1000 index over the same period . the comparison assumes $ 100 was invested on december 31 , 2002 in our common stock and in each of the foregoing indices and assumes reinvestment of dividends , as applicable . we have included the nyse composite index in the performance graph because our common stock is listed on the nyse . we have included the other indices because we believe that they are either most representative of the industry in which we compete , or otherwise provide a fair basis for comparison with ventas , and are therefore particularly relevant to an assessment of our performance . the figures in the table below are rounded to the nearest dollar. .
||12/31/2002|12/31/2003|12/31/2004|12/31/2005|12/31/2006|12/31/2007|
|ventas|$ 100|$ 206|$ 270|$ 331|$ 457|$ 512|
|nyse composite index|$ 100|$ 132|$ 151|$ 166|$ 200|$ 217|
|all reit index|$ 100|$ 138|$ 181|$ 196|$ 262|$ 215|
|healthcare reit index|$ 100|$ 154|$ 186|$ 189|$ 273|$ 279|
|russell 1000 index|$ 100|$ 130|$ 145|$ 154|$ 178|$ 188|
ventas nyse composite index all reit index healthcare reit index russell 1000 index .
Question: what was the growth rate of reit index as of 12/31/2003
Answer:
|
0.38
|
what was the growth rate of reit index as of 12/31/2003
|
{
"options": {
"A": "0.26",
"B": "0.38",
"C": "0.45",
"D": "0.52"
},
"goldenKey": "B"
}
|
{
"A": "0.26",
"B": "0.38",
"C": "0.45",
"D": "0.52"
}
|
B
|
finqa2436
|
Please answer the given financial question based on the context.
Context: bhge 2018 form 10-k | 41 estimate would equal up to 5% ( 5 % ) of annual revenue . the expenditures are expected to be used primarily for normal , recurring items necessary to support our business . we also anticipate making income tax payments in the range of $ 425 million to $ 475 million in 2019 . contractual obligations in the table below , we set forth our contractual obligations as of december 31 , 2018 . certain amounts included in this table are based on our estimates and assumptions about these obligations , including their duration , anticipated actions by third parties and other factors . the contractual obligations we will actually pay in future periods may vary from those reflected in the table because the estimates and assumptions are subjective. .
|( in millions )|payments due by period total|payments due by period less than1 year|payments due by period 1 - 3years|payments due by period 4 - 5years|payments due by period more than5 years|
|total debt and capital lease obligations ( 1 )|$ 6989|$ 942|$ 562|$ 1272|$ 4213|
|estimated interest payments ( 2 )|3716|239|473|404|2600|
|operating leases ( 3 )|846|186|262|132|266|
|purchase obligations ( 4 )|1507|1388|86|25|8|
|total|$ 13058|$ 2755|$ 1383|$ 1833|$ 7087|
( 1 ) amounts represent the expected cash payments for the principal amounts related to our debt , including capital lease obligations . amounts for debt do not include any deferred issuance costs or unamortized discounts or premiums including step up in the value of the debt on the acquisition of baker hughes . expected cash payments for interest are excluded from these amounts . total debt and capital lease obligations includes $ 896 million payable to ge and its affiliates . as there is no fixed payment schedule on the amount payable to ge and its affiliates we have classified it as payable in less than one year . ( 2 ) amounts represent the expected cash payments for interest on our long-term debt and capital lease obligations . ( 3 ) amounts represent the future minimum payments under noncancelable operating leases with initial or remaining terms of one year or more . we enter into operating leases , some of which include renewal options , however , we have excluded renewal options from the table above unless it is anticipated that we will exercise such renewals . ( 4 ) purchase obligations include expenditures for capital assets for 2019 as well as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provisions ; and the approximate timing of the transaction . due to the uncertainty with respect to the timing of potential future cash outflows associated with our uncertain tax positions , we are unable to make reasonable estimates of the period of cash settlement , if any , to the respective taxing authorities . therefore , $ 597 million in uncertain tax positions , including interest and penalties , have been excluded from the contractual obligations table above . see "note 12 . income taxes" of the notes to consolidated and combined financial statements in item 8 herein for further information . we have certain defined benefit pension and other post-retirement benefit plans covering certain of our u.s . and international employees . during 2018 , we made contributions and paid direct benefits of approximately $ 72 million in connection with those plans , and we anticipate funding approximately $ 41 million during 2019 . amounts for pension funding obligations are based on assumptions that are subject to change , therefore , we are currently not able to reasonably estimate our contribution figures after 2019 . see "note 11 . employee benefit plans" of the notes to consolidated and combined financial statements in item 8 herein for further information . off-balance sheet arrangements in the normal course of business with customers , vendors and others , we have entered into off-balance sheet arrangements , such as surety bonds for performance , letters of credit and other bank issued guarantees , which totaled approximately $ 3.6 billion at december 31 , 2018 . it is not practicable to estimate the fair value of these financial instruments . none of the off-balance sheet arrangements either has , or is likely to have , a material effect on our consolidated and combined financial statements. .
Question: what are the combined total operating leases and purchase obligations as a percentage of the total payments due?
Answer:
|
0.1802
|
what are the combined total operating leases and purchase obligations as a percentage of the total payments due?
|
{
"options": {
"A": "0.106",
"B": "0.134",
"C": "0.1802",
"D": "0.215"
},
"goldenKey": "C"
}
|
{
"A": "0.106",
"B": "0.134",
"C": "0.1802",
"D": "0.215"
}
|
C
|
finqa2437
|
Please answer the given financial question based on the context.
Context: n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively . for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively . during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) . once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 . it will continue in effect until terminated by the board . this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards . during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares . accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units . the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan . as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan . under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp . as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp . stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant . stock options are generally granted with a 3-year vesting period and a 10-year term . the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period . included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants . the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table . the risk-free inter- est rate is based on the u.s . treasury yield curve in effect at the time of grant . the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees . expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options . the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: .
||2008|2007|2006|
|dividend yield|1.80% ( 1.80 % )|1.78% ( 1.78 % )|1.64% ( 1.64 % )|
|expected volatility|32.20% ( 32.20 % )|27.43% ( 27.43 % )|31.29% ( 31.29 % )|
|risk-free interest rate|3.15% ( 3.15 % )|4.51% ( 4.51 % )|4.60% ( 4.60 % )|
|forfeiture rate|7.5% ( 7.5 % )|7.5% ( 7.5 % )|7.5% ( 7.5 % )|
|expected life|5.7 years|5.6 years|6 years|
.
Question: what was the percentage increase in the number of common shares authorized to be issued under the 2004 ltip
Answer:
|
0.26667
|
what was the percentage increase in the number of common shares authorized to be issued under the 2004 ltip
|
{
"options": {
"A": "0.26667%",
"B": "0.2667%",
"C": "0.267%",
"D": "0.27%"
},
"goldenKey": "A"
}
|
{
"A": "0.26667%",
"B": "0.2667%",
"C": "0.267%",
"D": "0.27%"
}
|
A
|
finqa2438
|
Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements the table below presents a summary of level 3 financial assets. .
|$ in millions|as of december 2018|as of december 2017|
|cash instruments|$ 17227|$ 15395|
|derivatives|4948|3802|
|other financial assets|6|4|
|total|$ 22181|$ 19201|
level 3 financial assets as of december 2018 increased compared with december 2017 , primarily reflecting an increase in level 3 cash instruments . see notes 6 through 8 for further information about level 3 financial assets ( including information about unrealized gains and losses related to level 3 financial assets and financial liabilities , and transfers in and out of level 3 ) . note 6 . cash instruments cash instruments include u.s . government and agency obligations , non-u.s . government and agency obligations , mortgage-backed loans and securities , corporate debt instruments , equity securities , investments in funds at nav , and other non-derivative financial instruments owned and financial instruments sold , but not yet purchased . see below for the types of cash instruments included in each level of the fair value hierarchy and the valuation techniques and significant inputs used to determine their fair values . see note 5 for an overview of the firm 2019s fair value measurement policies . level 1 cash instruments level 1 cash instruments include certain money market instruments , u.s . government obligations , most non-u.s . government obligations , certain government agency obligations , certain corporate debt instruments and actively traded listed equities . these instruments are valued using quoted prices for identical unrestricted instruments in active markets . the firm defines active markets for equity instruments based on the average daily trading volume both in absolute terms and relative to the market capitalization for the instrument . the firm defines active markets for debt instruments based on both the average daily trading volume and the number of days with trading activity . level 2 cash instruments level 2 cash instruments include most money market instruments , most government agency obligations , certain non-u.s . government obligations , most mortgage-backed loans and securities , most corporate debt instruments , most state and municipal obligations , most other debt obligations , restricted or less liquid listed equities , commodities and certain lending commitments . valuations of level 2 cash instruments can be verified to quoted prices , recent trading activity for identical or similar instruments , broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency . consideration is given to the nature of the quotations ( e.g. , indicative or firm ) and the relationship of recent market activity to the prices provided from alternative pricing sources . valuation adjustments are typically made to level 2 cash instruments ( i ) if the cash instrument is subject to transfer restrictions and/or ( ii ) for other premiums and liquidity discounts that a market participant would require to arrive at fair value . valuation adjustments are generally based on market evidence . level 3 cash instruments level 3 cash instruments have one or more significant valuation inputs that are not observable . absent evidence to the contrary , level 3 cash instruments are initially valued at transaction price , which is considered to be the best initial estimate of fair value . subsequently , the firm uses other methodologies to determine fair value , which vary based on the type of instrument . valuation inputs and assumptions are changed when corroborated by substantive observable evidence , including values realized on sales . valuation techniques and significant inputs of level 3 cash instruments valuation techniques of level 3 cash instruments vary by instrument , but are generally based on discounted cash flow techniques . the valuation techniques and the nature of significant inputs used to determine the fair values of each type of level 3 cash instrument are described below : loans and securities backed by commercial real estate . loans and securities backed by commercial real estate are directly or indirectly collateralized by a single commercial real estate property or a portfolio of properties , and may include tranches of varying levels of subordination . significant inputs are generally determined based on relative value analyses and include : 2030 market yields implied by transactions of similar or related assets and/or current levels and changes in market indices such as the cmbx ( an index that tracks the performance of commercial mortgage bonds ) ; 118 goldman sachs 2018 form 10-k .
Question: for level 3 financial assets in millions , for 2018 and 2017 , what was the largest balance of cash instruments?
Answer:
|
17227.0
|
for level 3 financial assets in millions , for 2018 and 2017 , what was the largest balance of cash instruments?
|
{
"options": {
"A": "15395",
"B": "4948",
"C": "6",
"D": "17227"
},
"goldenKey": "D"
}
|
{
"A": "15395",
"B": "4948",
"C": "6",
"D": "17227"
}
|
D
|
finqa2439
|
Please answer the given financial question based on the context.
Context: table of contents certain union-represented american mainline employees are covered by agreements that are not currently amendable . until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process described above , and , in the meantime , no self-help will be permissible . the piedmont mechanics and stock clerks and the psa dispatchers have agreements that are now amendable and are engaged in traditional rla negotiations . none of the unions representing our employees presently may lawfully engage in concerted refusals to work , such as strikes , slow-downs , sick-outs or other similar activity , against us . nonetheless , there is a risk that disgruntled employees , either with or without union involvement , could engage in one or more concerted refusals to work that could individually or collectively harm the operation of our airline and impair our financial performance . for more discussion , see part i , item 1a . risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel . based on our 2016 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2015 , a one cent per gallon increase in aviation fuel price would increase our 2016 annual fuel expense by $ 44 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2015 and 2014 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total mainline operating expenses .
|year|gallons|average price pergallon|aircraft fuel expense|percent of total mainline operating expenses|
|2015|3611|$ 1.72|$ 6226|21.6% ( 21.6 % )|
|2014|3644|2.91|10592|33.2% ( 33.2 % )|
total fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american were $ 1.2 billion and $ 2.0 billion for the years ended december 31 , 2015 and 2014 , respectively . as of december 31 , 2015 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices and significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d insurance we maintain insurance of the types that we believe are customary in the airline industry , including insurance for public liability , passenger liability , property damage , and all-risk coverage for damage to our aircraft . principal coverage includes liability for injury to members of the public , including passengers , damage to .
Question: in 2015 what were the total mainline operating expenses in millions
Answer:
|
28824.07407
|
in 2015 what were the total mainline operating expenses in millions
|
{
"options": {
"A": "6226",
"B": "10592",
"C": "28824.07407",
"D": "Unknown"
},
"goldenKey": "C"
}
|
{
"A": "6226",
"B": "10592",
"C": "28824.07407",
"D": "Unknown"
}
|
C
|
finqa2442
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements gains and losses on financial assets and financial liabilities accounted for at fair value under the fair value option the table below presents the gains and losses recognized as a result of the firm electing to apply the fair value option to certain financial assets and financial liabilities . these gains and losses are included in 201cmarket making 201d and 201cother principal transactions . 201d the table below also includes gains and losses on the embedded derivative component of hybrid financial instruments included in unsecured short-term borrowings and unsecured long-term borrowings . these gains and losses would have been recognized under other u.s . gaap even if the firm had not elected to account for the entire hybrid instrument at fair value . the amounts in the table exclude contractual interest , which is included in 201cinterest income 201d and 201cinterest expense , 201d for all instruments other than hybrid financial instruments . see note 23 for further information about interest income and interest expense . gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december in millions 2012 2011 2010 receivables from customers and counterparties 1 $ 190 $ 97 $ ( 97 ) .
|in millions|gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2012|gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2011|gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2010|
|receivables from customers andcounterparties1|$ 190|$ 97|$ -97 ( 97 )|
|other secured financings|-190 ( 190 )|-63 ( 63 )|-227 ( 227 )|
|unsecured short-term borrowings2|-973 ( 973 )|2149|-1455 ( 1455 )|
|unsecured long-term borrowings3|-1523 ( 1523 )|2336|-1169 ( 1169 )|
|other liabilities and accrued expenses4|-1486 ( 1486 )|-911 ( 911 )|50|
|other5|-81 ( 81 )|90|-10 ( 10 )|
|total|$ -4063 ( 4063 )|$ 3698|$ -2908 ( 2908 )|
1 . primarily consists of gains/ ( losses ) on certain reinsurance contracts and certain transfers accounted for as receivables rather than purchases . 2 . includes gains/ ( losses ) on the embedded derivative component of hybrid financial instruments of $ ( 814 ) million , $ 2.01 billion , and $ ( 1.49 ) billion as of december 2012 , december 2011 and december 2010 , respectively . 3 . includes gains/ ( losses ) on the embedded derivative component of hybrid financial instruments of $ ( 887 ) million , $ 1.80 billion and $ ( 1.32 ) billion as of december 2012 , december 2011 and december 2010 , respectively . 4 . primarily consists of gains/ ( losses ) on certain insurance contracts . 5 . primarily consists of gains/ ( losses ) on resale and repurchase agreements , securities borrowed and loaned and deposits . excluding the gains and losses on the instruments accounted for under the fair value option described above , 201cmarket making 201d and 201cother principal transactions 201d primarily represent gains and losses on 201cfinancial instruments owned , at fair value 201d and 201cfinancial instruments sold , but not yet purchased , at fair value . 201d 150 goldman sachs 2012 annual report .
Question: by what amount is the total gains/ ( losses ) on financial assets and financial liabilities at fair value at 2017 different from 2016?
Answer:
|
6606.0
|
by what amount is the total gains/ ( losses ) on financial assets and financial liabilities at fair value at 2017 different from 2016?
|
{
"options": {
"A": "6606.0",
"B": "4063.0",
"C": "-3698.0",
"D": "-2908.0"
},
"goldenKey": "A"
}
|
{
"A": "6606.0",
"B": "4063.0",
"C": "-3698.0",
"D": "-2908.0"
}
|
A
|
finqa2443
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements financial statements include impairment of long-lived assets ( including goodwill ) , asset retirement obligations , revenue recognition , rent expense , stock-based compensation , income taxes and accounting for business combinations . the company considers events or transactions that occur after the balance sheet date but before the financial statements are issued as additional evidence for certain estimates or to identify matters that require additional disclosure . concentrations of credit risk 2014the company is subject to concentrations of credit risk related to its cash and cash equivalents , notes receivable , accounts receivable , deferred rent asset and derivative financial instruments . the company mitigates its risk with respect to cash and cash equivalents and derivative financial instruments by maintaining its deposits and contracts at high quality financial institutions and monitoring the credit ratings of those institutions . the company derives the largest portion of its revenues , corresponding accounts receivable and the related deferred rent asset from a relatively small number of tenants in the telecommunications industry , and approximately 56% ( 56 % ) of its current year revenues are derived from four tenants . in addition , the company has concentrations of credit risk in certain geographic areas . the company mitigates its concentrations of credit risk with respect to notes and trade receivables and the related deferred rent assets by actively monitoring the credit worthiness of its borrowers and tenants . in recognizing customer revenue , the company must assess the collectibility of both the amounts billed and the portion recognized in advance of billing on a straight-line basis . this assessment takes tenant credit risk and business and industry conditions into consideration to ultimately determine the collectibility of the amounts billed . to the extent the amounts , based on management 2019s estimates , may not be collectible , recognition is deferred until such point as collectibility is determined to be reasonably assured . any amounts that were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense included in selling , general , administrative and development expense in the accompanying consolidated statements of operations . accounts receivable is reported net of allowances for doubtful accounts related to estimated losses resulting from a tenant 2019s inability to make required payments and allowances for amounts invoiced whose collectibility is not reasonably assured . these allowances are generally estimated based on payment patterns , days past due and collection history , and incorporate changes in economic conditions that may not be reflected in historical trends , such as tenants in bankruptcy , liquidation or reorganization . receivables are written-off against the allowances when they are determined to be uncollectible . such determination includes analysis and consideration of the particular conditions of the account . changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : .
||2014|2013|2012|
|balance as of january 1|$ 19895|$ 20406|$ 24412|
|current year increases|8243|7025|8028|
|write-offs net of recoveries and other|-10832 ( 10832 )|-7536 ( 7536 )|-12034 ( 12034 )|
|balance as of december 31|$ 17306|$ 19895|$ 20406|
functional currency 2014the functional currency of each of the company 2019s foreign operating subsidiaries is the respective local currency , except for costa rica , where the functional currency is the u.s . dollar . all foreign currency assets and liabilities held by the subsidiaries are translated into u.s . dollars at the exchange rate in .
Question: for the four largest tenants , what is the average % ( % ) of current year revenues that each represents?
Answer:
|
14.0
|
for the four largest tenants , what is the average % ( % ) of current year revenues that each represents?
|
{
"options": {
"A": "10.0",
"B": "12.5",
"C": "14.0",
"D": "16.5"
},
"goldenKey": "C"
}
|
{
"A": "10.0",
"B": "12.5",
"C": "14.0",
"D": "16.5"
}
|
C
|
finqa2444
|
Please answer the given financial question based on the context.
Context: 35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s . as of september 24 , 2011 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 3.2 billion , and deferred tax liabilities of $ 9.2 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . in addition , the company is subject to audits by state , local , and foreign tax authorities . management believes that adequate provisions have been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the three years ended september 24 , 2011 ( in millions ) : .
||2011|2010|2009|
|cash cash equivalents and marketable securities|$ 81570|$ 51011|$ 33992|
|accounts receivable net|$ 5369|$ 5510|$ 3361|
|inventories|$ 776|$ 1051|$ 455|
|working capital|$ 17018|$ 20956|$ 20049|
|annual operating cash flow|$ 37529|$ 18595|$ 10159|
cash , cash equivalents and marketable securities increased $ 30.6 billion or 60% ( 60 % ) during 2011 . the principal components of this net increase was the cash generated by operating activities of $ 37.5 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 4.3 billion , payments for acquisition of intangible assets of $ 3.2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 244 million . the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months . the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities and its policy generally limits the amount of credit exposure to any one issuer . the company 2019s investment policy requires investments to generally be investment grade with the objective of minimizing the potential risk of principal loss . as of september 24 , 2011 and september 25 , 2010 , $ 54.3 billion and $ 30.8 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . capital assets the company 2019s capital expenditures were $ 4.6 billion during 2011 , consisting of approximately $ 614 million for retail store facilities and $ 4.0 billion for other capital expenditures , including product tooling and manufacturing .
Question: what year had the greatest amount of accounts receivable net?
Answer:
|
5510.0
|
what year had the greatest amount of accounts receivable net?
|
{
"options": {
"A": "5369.0",
"B": "5510.0",
"C": "3361.0",
"D": "Cannot be determined"
},
"goldenKey": "B"
}
|
{
"A": "5369.0",
"B": "5510.0",
"C": "3361.0",
"D": "Cannot be determined"
}
|
B
|
finqa2445
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements u.s . acquisitions 2014during the year ended december 31 , 2010 , the company acquired 548 towers through multiple acquisitions in the united states for an aggregate purchase price of $ 329.3 million and contingent consideration of approximately $ 4.6 million . the acquisition of these towers is consistent with the company 2019s strategy to expand in selected geographic areas and have been accounted for as business combinations . the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based on the estimated fair value of the acquired assets and assumed liabilities at the date of acquisition ( in thousands ) : purchase price allocation .
||purchase price allocation|
|non-current assets|$ 442|
|property and equipment|64564|
|intangible assets ( 1 )|260898|
|current liabilities|-360 ( 360 )|
|long-term liabilities|-7802 ( 7802 )|
|fair value of net assets acquired|$ 317742|
|goodwill ( 2 )|16131|
( 1 ) consists of customer relationships of approximately $ 205.4 million and network location intangibles of approximately $ 55.5 million . the customer relationships and network location intangibles are being amortized on a straight-line basis over a period of 20 years . ( 2 ) goodwill is expected to be deductible for income tax purposes . the goodwill was allocated to the domestic rental and management segment . the allocation of the purchase price will be finalized upon completion of analyses of the fair value of the assets acquired and liabilities assumed . south africa acquisition 2014on november 4 , 2010 , the company entered into a definitive agreement with cell c ( pty ) limited to purchase up to approximately 1400 existing towers , and up to 1800 additional towers that either are under construction or will be constructed , for an aggregate purchase price of up to approximately $ 430 million . the company anticipates closing the purchase of up to 1400 existing towers during 2011 , subject to customary closing conditions . other transactions coltel transaction 2014on september 3 , 2010 , the company entered into a definitive agreement to purchase the exclusive use rights for towers in colombia from colombia telecomunicaciones s.a . e.s.p . ( 201ccoltel 201d ) until 2023 , when ownership of the towers will transfer to the company at no additional cost . pursuant to that agreement , the company completed the purchase of exclusive use rights for 508 towers for an aggregate purchase price of $ 86.8 million during the year ended december 31 , 2010 . the company expects to complete the purchase of the exclusive use rights for an additional 180 towers by the end of 2011 , subject to customary closing conditions . the transaction has been accounted for as a capital lease , with the aggregated purchase price being allocated to property and equipment and non-current assets . joint venture with mtn group 2014on december 6 , 2010 , the company entered into a definitive agreement with mtn group limited ( 201cmtn group 201d ) to establish a joint venture in ghana ( 201ctowerco ghana 201d ) . towerco ghana , which will be managed by the company , will be owned by a holding company of which a wholly owned american tower subsidiary will hold a 51% ( 51 % ) share and a wholly owned mtn group subsidiary ( 201cmtn ghana 201d ) will hold a 49% ( 49 % ) share . the transaction involves the sale of up to 1876 of mtn ghana 2019s existing sites to .
Question: of the total fair value of net assets acquired what was the percent applicable to the equipment
Answer:
|
0.2032
|
of the total fair value of net assets acquired what was the percent applicable to the equipment
|
{
"options": {
"A": "0.2032%",
"B": "0.0203%",
"C": "2.032%",
"D": "20.32%"
},
"goldenKey": "A"
}
|
{
"A": "0.2032%",
"B": "0.0203%",
"C": "2.032%",
"D": "20.32%"
}
|
A
|
finqa2446
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2013 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired . financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock . this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes . net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes . in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock . foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 101.0 in 2014 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 . the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. .
|balance sheet data|december 31 , 2014|december 31 , 2013|
|cash cash equivalents and marketable securities|$ 1667.2|$ 1642.1|
|short-term borrowings|$ 107.2|$ 179.1|
|current portion of long-term debt|2.1|353.6|
|long-term debt|1623.5|1129.8|
|total debt|$ 1732.8|$ 1662.5|
liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. .
Question: what percentage of total debt is from long-term debt , from 2013-2014?
Answer:
|
81.09151
|
what percentage of total debt is from long-term debt , from 2013-2014?
|
{
"options": {
"A": "75.09151%",
"B": "81.09151%",
"C": "87.09151%",
"D": "93.09151%"
},
"goldenKey": "B"
}
|
{
"A": "75.09151%",
"B": "81.09151%",
"C": "87.09151%",
"D": "93.09151%"
}
|
B
|
finqa2448
|
Please answer the given financial question based on the context.
Context: during 2014 , the company closed on thirteen acquisitions of various regulated water and wastewater systems for a total aggregate purchase price of $ 9 . assets acquired , principally plant , totaled $ 17 . liabilities assumed totaled $ 8 , including $ 5 of contributions in aid of construction and assumed debt of $ 2 . during 2013 , the company closed on fifteen acquisitions of various regulated water and wastewater systems for a total aggregate net purchase price of $ 24 . assets acquired , primarily utility plant , totaled $ 67 . liabilities assumed totaled $ 43 , including $ 26 of contributions in aid of construction and assumed debt of $ 13 . included in these totals was the company 2019s november 14 , 2013 acquisition of all of the capital stock of dale service corporation ( 201cdale 201d ) , a regulated wastewater utility company , for a total cash purchase price of $ 5 ( net of cash acquired of $ 7 ) , plus assumed liabilities . the dale acquisition was accounted for as a business combination ; accordingly , operating results from november 14 , 2013 were included in the company 2019s results of operations . the purchase price was allocated to the net tangible and intangible assets based upon their estimated fair values at the date of acquisition . the company 2019s regulatory practice was followed whereby property , plant and equipment ( rate base ) was considered fair value for business combination purposes . similarly , regulatory assets and liabilities acquired were recorded at book value and are subject to regulatory approval where applicable . the acquired debt was valued in a manner consistent with the company 2019s level 3 debt . see note 17 2014fair value of financial instruments . non-cash assets acquired in the dale acquisition , primarily utility plant , totaled $ 41 ; liabilities assumed totaled $ 36 , including debt assumed of $ 13 and contributions of $ 19 . divestitures in november 2014 , the company completed the sale of terratec , previously included in the market-based businesses . after post-close adjustments , net proceeds from the sale totaled $ 1 , and the company recorded a pretax loss on sale of $ 1 . the following table summarizes the operating results of discontinued operations presented in the accompanying consolidated statements of operations for the years ended december 31: .
||2014|2013|
|operating revenues|$ 13|$ 23|
|total operating expenses net|19|26|
|loss from discontinued operations before income taxes|-6 ( 6 )|-3 ( 3 )|
|provision ( benefit ) for income taxes|1|-1 ( 1 )|
|loss from discontinued operations net of tax|$ -7 ( 7 )|$ -2 ( 2 )|
the provision for income taxes of discontinued operations includes the recognition of tax expense related to the difference between the tax basis and book basis of assets upon the sales of terratec that resulted in taxable gains , since an election was made under section 338 ( h ) ( 10 ) of the internal revenue code to treat the sales as asset sales . there were no assets or liabilities of discontinued operations in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014. .
Question: what was the operating income in 2014
Answer:
|
-6.0
|
what was the operating income in 2014
|
{
"options": {
"A": "-3.0",
"B": "-6.0",
"C": "1.0",
"D": "7.0"
},
"goldenKey": "B"
}
|
{
"A": "-3.0",
"B": "-6.0",
"C": "1.0",
"D": "7.0"
}
|
B
|
finqa2449
|
Please answer the given financial question based on the context.
Context: the following is a list of distribution locations including the approximate square footage and if the location is leased or owned: .
|distribution facility location|approximate square footage|owned/leased facility|
|frankfort new york ( a )|924000|owned|
|franklin kentucky|833000|owned|
|pendleton indiana|764000|owned|
|macon georgia|684000|owned|
|waco texas|666000|owned|
|casa grande arizona|650000|owned|
|hagerstown maryland ( b )|482000|owned|
|hagerstown maryland ( b )|309000|leased|
|waverly nebraska|592000|owned|
|seguin texas ( c )|71000|owned|
|lakewood washington|64000|leased|
|longview texas ( c )|63000|owned|
longview , texas ( c ) 63000 owned ( a ) the frankfort , new york , distribution center began receiving merchandise in fourth quarter of fiscal 2018 , and is expected to begin shipping merchandise to stores in the first quarter of fiscal 2019 . ( b ) the leased distribution center in hagerstown is treated as an extension of the existing owned hagerstown location and is not considered a separate distribution center . ( c ) this is a mixing center designed to process certain high-volume bulk products . the company 2019s store support center occupies approximately 260000 square feet of owned building space in brentwood , tennessee , and the company 2019s merchandising innovation center occupies approximately 32000 square feet of leased building space in nashville , tennessee . the company also leases approximately 8000 square feet of building space for the petsense corporate headquarters , located in scottsdale , arizona . item 3 . legal proceedings the company is involved in various litigation matters arising in the ordinary course of business . the company believes that any estimated loss related to such matters has been adequately provided for in accrued liabilities to the extent probable and reasonably estimable . accordingly , the company currently expects these matters will be resolved without material adverse effect on its consolidated financial position , results of operations or cash flows . item 4 . mine safety disclosures not applicable. .
Question: what is the total texas facilities square footage?
Answer:
|
800000.0
|
what is the total texas facilities square footage?
|
{
"options": {
"A": "666000",
"B": "71000",
"C": "63000",
"D": "800000"
},
"goldenKey": "D"
}
|
{
"A": "666000",
"B": "71000",
"C": "63000",
"D": "800000"
}
|
D
|
finqa2450
|
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 are public investment vehicles valued using the net asset value ( nav ) provided by the fund manager . the nav is the total value of the fund divided by the number of shares outstanding . commingled equity funds are categorized as level 1 if traded at their nav on a nationally recognized securities exchange or categorized as level 2 if the nav is corroborated by observable market data ( e.g. , purchases or sales activity ) . fixed income securities 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 ) , bids provided by brokers or dealers , or quoted prices of securities with similar characteristics . private equity funds , real estate funds , hedge funds , and fixed income securities categorized as level 3 are valued based on valuation models that include significant unobservable inputs and cannot be corroborated using verifiable observable market data . valuations for private equity funds and real estate funds are determined by the general partners , while hedge funds are valued by independent administrators . depending on the nature of the assets , the general partners or independent administrators use both the income and market approaches in their models . the market approach consists of analyzing market transactions for comparable assets while the income approach uses earnings or the net present value of estimated future cash flows adjusted for liquidity and other risk factors . commodities categorized as level 1 are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the year . commodities categorized as level 2 represent shares in a commingled commodity fund valued using the nav , which is corroborated by observable market data . contributions and expected benefit payments we generally determine funding requirements for our defined benefit pension plans in a manner consistent with cas and internal revenue code rules . in 2012 , we made contributions of $ 3.6 billion related to our qualified defined benefit pension plans . we plan to make contributions of approximately $ 1.5 billion related to the qualified defined benefit pension plans in 2013 . in 2012 , we made contributions of $ 235 million related to our retiree medical and life insurance plans . we expect no required contributions related to the retiree medical and life insurance plans in 2013 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2012 ( in millions ) : .
||2013|2014|2015|2016|2017|2018 - 2022|
|qualified defined benefit pension plans|$ 1900|$ 1970|$ 2050|$ 2130|$ 2220|$ 12880|
|retiree medical and life insurance plans|200|210|220|220|220|1080|
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 $ 380 million in 2012 , $ 378 million in 2011 , and $ 379 million in 2010 , the majority of which were funded in our common stock . our defined contribution plans held approximately 48.6 million and 52.1 million shares of our common stock as of december 31 , 2012 and 2011. .
Question: as of december 31 , 2012 what was the ratio of the estimated future benefit payments qualified defined benefit pension plans due in 2014 to the amount after 2018
Answer:
|
0.15295
|
as of december 31 , 2012 what was the ratio of the estimated future benefit payments qualified defined benefit pension plans due in 2014 to the amount after 2018
|
{
"options": {
"A": "0.15295",
"B": "0.153",
"C": "0.15305",
"D": "0.1531"
},
"goldenKey": "A"
}
|
{
"A": "0.15295",
"B": "0.153",
"C": "0.15305",
"D": "0.1531"
}
|
A
|
finqa2451
|
Please answer the given financial question based on the context.
Context: pro forma financial information the following pro forma consolidated condensed financial results of operations are presented as if the acquisition of the valves & controls business occurred on october 1 , 2015 . the pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition occurred as of that time. .
||2016|2017|
|net sales|$ 16201|16112|
|net earnings from continuing operations common stockholders|$ 1482|1692|
|diluted earnings per share from continuing operations|$ 2.28|2.62|
the pro forma results for 2016 were adjusted to include first year acquisition accounting charges related to inventory and backlog of $ 122 in 2017 . the pro forma 2016 results also include acquisition costs of $ 52 , while the 2017 pro forma results were adjusted to exclude these charges . on october 2 , 2017 , the company sold its residential storage business for $ 200 in cash , subject to post-closing adjustments , and expects to recognize a loss of approximately $ 40 in 2018 due to income taxes resulting from nondeductible goodwill . the company expects to realize approximately $ 140 in after-tax cash proceeds from the sale . this business , with sales of $ 298 and pretax earnings of $ 15 in 2017 , is a leader in home organization and storage systems , and was reported within the tools & home products segment . assets and liabilities were classified as held-for-sale as of september 30 , 2017 . the company acquired six businesses in 2016 , four in automation solutions and two in climate technologies . total cash paid for these businesses was $ 132 , net of cash acquired . annualized sales for these businesses were approximately $ 51 in 2016 . the company recognized goodwill of $ 83 ( $ 27 of which is expected to be tax deductible ) and other identifiable intangible assets of $ 50 , primarily customer relationships and intellectual property with a weighted-average life of approximately nine years . the company completed eight acquisitions in 2015 , seven in automation solutions and one in tools & home products , which had combined annualized sales of approximately $ 115 . total cash paid for all businesses was $ 324 , net of cash acquired . the company recognized goodwill of $ 178 ( $ 42 of which is expected to be tax deductible ) and other intangible assets of $ 128 , primarily customer relationships and intellectual property with a weighted-average life of approximately ten years . in january 2015 , the company completed the sale of its mechanical power transmission solutions business for $ 1.4 billion , and recognized a pretax gain from the transaction of $ 939 ( $ 532 after-tax , $ 0.78 per share ) . assets and liabilities sold were as follows : current assets , $ 182 ( accounts receivable , inventories , other current assets ) ; other assets , $ 374 ( property , plant and equipment , goodwill , other noncurrent assets ) ; accrued expenses , $ 56 ( accounts payable , other current liabilities ) ; and other liabilities , $ 41 . proceeds from the divestiture were used for share repurchase . this business was previously reported in the former industrial automation segment , and had partial year sales in 2015 of $ 189 and related pretax earnings of $ 21 . power transmission solutions designs and manufactures market-leading couplings , bearings , conveying components and gearing and drive components , and provides supporting services and solutions . on september 30 , 2015 , the company sold its intermetro commercial storage business for $ 411 in cash and recognized a pretax gain from the transaction of $ 100 ( $ 79 after-tax , $ 0.12 per share ) . this business had annual sales of $ 288 and pretax earnings of $ 42 in 2015 and was reported in the former commercial & residential solutions segment . assets and liabilities sold were as follows : current assets , $ 62 ( accounts receivable , inventories , other current assets ) ; other assets , $ 292 ( property , plant and equipment , goodwill , other noncurrent assets ) ; current liabilities , $ 34 ( accounts payable , other current liabilities ) ; and other liabilities , $ 9 . intermetro is a leading manufacturer and supplier of storage and transport products in the food service , commercial products and health care industries . the results of operations of the acquired businesses discussed above have been included in the company 2019s consolidated results of operations since the respective dates of acquisition . ( 4 ) discontinued operations in 2017 , the company completed the previously announced strategic actions to streamline its portfolio and drive growth in its core businesses . on november 30 , 2016 , the company completed the sale of its network power systems business for $ 4.0 billion in cash and retained a subordinated interest in distributions , contingent upon the equity holders first receiving a threshold return on their initial investment . this business comprised the former network power segment . additionally , on january 31 , 2017 , the company completed the sale of its power generation , motors and drives business for approximately $ 1.2 billion , subject to post-closing .
Question: what was the ratio of the price received for the residential storage sale of the business to the annual sales of the it?
Answer:
|
0.67114
|
what was the ratio of the price received for the residential storage sale of the business to the annual sales of the it?
|
{
"options": {
"A": "0.67114",
"B": "0.671",
"C": "0.6714",
"D": "0.6711"
},
"goldenKey": "A"
}
|
{
"A": "0.67114",
"B": "0.671",
"C": "0.6714",
"D": "0.6711"
}
|
A
|
finqa2453
|
Please answer the given financial question based on the context.
Context: adobe systems incorporated notes to consolidated financial statements ( continued ) note 15 . commitments and contingencies lease commitments we lease certain of our facilities and some of our equipment under non-cancellable operating lease arrangements that expire at various dates through 2028 . we also have one land lease that expires in 2091 . rent expense includes base contractual rent and variable costs such as building expenses , utilities , taxes , insurance and equipment rental . rent expense and sublease income for these leases for fiscal 2014 , 2013 and 2012 were as follows ( in thousands ) : .
||2014|2013|2012|
|rent expense|$ 111149|$ 118976|$ 105809|
|less : sublease income|1412|3057|2330|
|net rent expense|$ 109737|$ 115919|$ 103479|
we occupy three office buildings in san jose , california where our corporate headquarters are located . we reference these office buildings as the almaden tower and the east and west towers . in august 2014 , we exercised our option to purchase the east and west towers for a total purchase price of $ 143.2 million . upon purchase , our investment in the lease receivable of $ 126.8 million was credited against the total purchase price and we were no longer required to maintain a standby letter of credit as stipulated in the east and west towers lease agreement . we capitalized the east and west towers as property and equipment on our consolidated balance sheets at $ 144.1 million , the lesser of cost or fair value , which represented the total purchase price plus other direct costs associated with the purchase . see note 6 for discussion of our east and west towers purchase . the lease agreement for the almaden tower is effective through march 2017 . we are the investors in the lease receivable related to the almaden tower lease in the amount of $ 80.4 million , which is recorded as investment in lease receivable on our consolidated balance sheets . as of november 28 , 2014 , the carrying value of the lease receivable related to the almaden tower approximated fair value . under the agreement for the almaden tower , we have the option to purchase the building at any time during the lease term for $ 103.6 million . if we purchase the building , the investment in the lease receivable may be credited against the purchase price . the residual value guarantee under the almaden tower obligation is $ 89.4 million . the almaden tower lease is subject to standard covenants including certain financial ratios that are reported to the lessor quarterly . as of november 28 , 2014 , we were in compliance with all of the covenants . in the case of a default , the lessor may demand we purchase the building for an amount equal to the lease balance , or require that we remarket or relinquish the building . if we choose to remarket or are required to do so upon relinquishing the building , we are bound to arrange the sale of the building to an unrelated party and will be required to pay the lessor any shortfall between the net remarketing proceeds and the lease balance , up to the residual value guarantee amount less our investment in lease receivable . the almaden tower lease qualifies for operating lease accounting treatment and , as such , the building and the related obligation are not included in our consolidated balance sheets . see note 16 for discussion of our capital lease obligation . unconditional purchase obligations our purchase obligations consist of agreements to purchase goods and services entered into in the ordinary course of business. .
Question: what is the growth rate in the net rent expense in 2014?
Answer:
|
-0.05333
|
what is the growth rate in the net rent expense in 2014?
|
{
"options": {
"A": "-0.05333",
"B": "0.05333",
"C": "-0.053",
"D": "0.053"
},
"goldenKey": "A"
}
|
{
"A": "-0.05333",
"B": "0.05333",
"C": "-0.053",
"D": "0.053"
}
|
A
|
finqa2454
|
Please answer the given financial question based on the context.
Context: celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2014 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .
|period|totalnumberof sharespurchased ( 1 )|averageprice paidper share|total numberof sharespurchased aspart of publiclyannounced program|approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )|
|october 1 - 31 2014|192580|$ 58.02|164800|$ 490000000|
|november 1 - 30 2014|468128|$ 59.25|468128|$ 463000000|
|december 1 - 31 2014|199796|$ 60.78|190259|$ 451000000|
|total|860504||823187||
___________________________ ( 1 ) includes 27780 and 9537 for october and december 2014 , respectively , related to shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units . ( 2 ) our board of directors has authorized the aggregate repurchase of $ 1.4 billion of our common stock since february 2008 . see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information . performance graph the following performance graph and related information shall not be deemed "soliciting material" or to be "filed" with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that we specifically incorporate it by reference into such filing . comparison of cumulative total return .
Question: in 2014 what was the percent of shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes to the shares purchased
Answer:
|
0.04337
|
in 2014 what was the percent of shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes to the shares purchased
|
{
"options": {
"A": "0.04337",
"B": "0.03215",
"C": "0.02198",
"D": "0.01562"
},
"goldenKey": "A"
}
|
{
"A": "0.04337",
"B": "0.03215",
"C": "0.02198",
"D": "0.01562"
}
|
A
|
finqa2455
|
Please answer the given financial question based on the context.
Context: the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis . allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction . the regulated utility subsidiaries record afudc to the extent permitted by the pucs . the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations . any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations . afudc is summarized in the following table for the years ended december 31: .
||2015|2014|2013|
|allowance for other funds used during construction|$ 13|$ 9|$ 13|
|allowance for borrowed funds used during construction|8|6|6|
environmental costs the company 2019s water and wastewater operations are subject to u.s . federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business . environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate . remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated . remediation costs accrued amounted to $ 1 and $ 2 as of december 31 , 2015 and 2014 , respectively . the accrual relates entirely to a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration ( 201cnoaa 201d ) requiring the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california . the company has agreed to pay $ 1 annually from 2010 to 2016 . the company 2019s inception-to-date costs related to the noaa agreement were recorded in regulatory assets in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014 and are expected to be fully recovered from customers in future rates . derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates . these derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures . the company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments . all derivatives are recognized on the balance sheet at fair value . on the date the derivative contract is entered into , the company may designate the derivative as a hedge of the fair value of a recognized asset or liability ( fair-value hedge ) or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ( cash-flow hedge ) . changes in the fair value of a fair-value hedge , along with the gain or loss on the underlying hedged item , are recorded in current-period earnings . the effective portion of gains and losses on cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows . any ineffective portion of designated hedges is recognized in current-period earnings . cash flows from derivative contracts are included in net cash provided by operating activities in the accompanying consolidated statements of cash flows. .
Question: what was the allowance for borrowed funds used during construction as a percentage of allowance for other funds used during construction during 2014?
Answer:
|
0.66667
|
what was the allowance for borrowed funds used during construction as a percentage of allowance for other funds used during construction during 2014?
|
{
"options": {
"A": "0.66667",
"B": "1.33333",
"C": "2",
"D": "3"
},
"goldenKey": "A"
}
|
{
"A": "0.66667",
"B": "1.33333",
"C": "2",
"D": "3"
}
|
A
|
finqa2457
|
Please answer the given financial question based on the context.
Context: stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , news corporation class a common stock , scripps network interactive , inc. , time warner , inc. , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on september 18 , 2008 , the date upon which our common stock began trading , in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the period september 18 , 2008 through december 31 , 2008 and the years ended december 31 , 2009 , 2010 , 2011 , and 2012 . december 31 , december 31 , december 31 , december 31 , december 31 .
||december 312008|december 312009|december 312010|december 312011|december 312012|
|disca|$ 102.53|$ 222.09|$ 301.96|$ 296.67|$ 459.67|
|discb|$ 78.53|$ 162.82|$ 225.95|$ 217.56|$ 327.11|
|disck|$ 83.69|$ 165.75|$ 229.31|$ 235.63|$ 365.63|
|s&p 500|$ 74.86|$ 92.42|$ 104.24|$ 104.23|$ 118.21|
|peer group|$ 68.79|$ 100.70|$ 121.35|$ 138.19|$ 190.58|
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2013 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .
Question: what was the percentage cumulative total shareholder return on discb common stock from september 18 , 2008 to december 31 , 2012?
Answer:
|
2.2711
|
what was the percentage cumulative total shareholder return on discb common stock from september 18 , 2008 to december 31 , 2012?
|
{
"options": {
"A": "1.5324",
"B": "1.8712",
"C": "2.2711",
"D": "2.6898"
},
"goldenKey": "C"
}
|
{
"A": "1.5324",
"B": "1.8712",
"C": "2.2711",
"D": "2.6898"
}
|
C
|
finqa2458
|
Please answer the given financial question based on the context.
Context: n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries the weighted-average remaining contractual term was 5.7 years for the stock options outstanding and 4.3 years for the stock options exercisable at december 31 , 2010 . the total intrinsic value was $ 184 million for stock options outstanding and $ 124 million for stock options exercisable at december 31 , 2010 . the weighted-average fair value for the stock options granted for the years ended december 31 , 2010 , 2009 , and 2008 , was $ 12.09 , $ 12.95 , and $ 17.60 , respectively . the total intrinsic value for stock options exercised during the years ended december 31 , 2010 , 2009 , and 2008 , was $ 22 million , $ 12 mil- lion , and $ 54 million , respectively . the amount of cash received during the year ended december 31 , 2010 , from the exercise of stock options was $ 53 million . restricted stock and restricted stock units the company 2019s 2004 ltip provides for grants of restricted stock and restricted stock units with a 4-year vesting period , based on a graded vesting schedule . the company also grants restricted stock awards to non-management directors which vest at the following year 2019s annual general meeting . the restricted stock is granted at market close price on the date of grant . each restricted stock unit represents the company 2019s obligation to deliver to the holder one common share upon vesting . included in the company 2019s share-based compensation expense for the year ended december 31 , 2010 , is a portion of the cost related to the unvested restricted stock granted in the years 2006 2013 2010 . the following table presents a roll-forward of the company 2019s restricted stock for the years ended december 31 , 2010 , 2009 , and 2008 . included in the roll-forward below are 36248 and 38154 restricted stock awards that were granted to non-management directors during 2010 and 2009 , respectively . number of restricted stock weighted-average grant-date fair .
||number of restricted stock|weighted-average grant-date fair value|
|unvested restricted stock december 31 2007|3821707|$ 53.12|
|granted|1836532|$ 59.84|
|vested and issued|-1403826 ( 1403826 )|$ 50.96|
|forfeited|-371183 ( 371183 )|$ 53.75|
|unvested restricted stock december 31 2008|3883230|$ 57.01|
|granted|2603344|$ 39.05|
|vested and issued|-1447676 ( 1447676 )|$ 54.85|
|forfeited|-165469 ( 165469 )|$ 51.45|
|unvested restricted stock december 31 2009|4873429|$ 48.25|
|granted|2461076|$ 51.09|
|vested and issued|-1771423 ( 1771423 )|$ 50.79|
|forfeited|-257350 ( 257350 )|$ 47.93|
|unvested restricted stock december 31 2010|5305732|$ 48.74|
during 2010 , the company awarded 326091 restricted stock units to officers of the company and its subsidiaries with a weighted-average grant date fair value of $ 50.36 . during 2009 , 333104 restricted stock units , with a weighted-average grant date fair value of $ 38.75 , were awarded to officers of the company and its subsidiaries . during 2008 , 223588 restricted stock units , with a weighted-average grant date fair value of $ 59.93 , were awarded to officers of the company and its subsidiaries . at december 31 , 2010 , the number of unvested restricted stock units was 636758 . prior to 2009 , the company granted restricted stock units with a 1-year vesting period to non-management directors . delivery of common shares on account of these restricted stock units to non-management directors is deferred until six months after the date of the non-management directors 2019 termination from the board . during 2008 , 40362 restricted stock units were awarded to non-management directors . at december 31 , 2010 , the number of deferred restricted stock units was 230451 . the espp gives participating employees the right to purchase common shares through payroll deductions during consecutive 201csubscription periods 201d at a purchase price of 85 percent of the fair value of a common share on the exercise date . annual purchases by participants are limited to the number of whole shares that can be purchased by an amount equal to ten percent .
Question: what is the net change in the number of unvested restricted stock in 2008?
Answer:
|
61523.0
|
what is the net change in the number of unvested restricted stock in 2008?
|
{
"options": {
"A": "61523.0",
"B": "1447676",
"C": "-1447676",
"D": "223588"
},
"goldenKey": "A"
}
|
{
"A": "61523.0",
"B": "1447676",
"C": "-1447676",
"D": "223588"
}
|
A
|
finqa2459
|
Please answer the given financial question based on the context.
Context: the following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2017 and 2016 , respectively: .
||level 3|
|balance as of january 1 2017|$ 140|
|actual return on assets|2|
|purchases issuances and settlements net|136|
|balance as of december 31 2017|$ 278|
purchases , issuances and settlements , net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ( 4 ) balance as of december 31 , 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 140 the company 2019s postretirement benefit plans have different levels of funded status and the assets are held under various trusts . the investments and risk mitigation strategies for the plans are tailored specifically for each trust . in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and meet the risk tolerance criteria of the company . the company periodically updates the long-term , strategic asset allocations for these plans through asset liability studies and uses various analytics to determine the optimal asset allocation . considerations include plan liability characteristics , liquidity needs , funding requirements , expected rates of return and the distribution of returns . strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes , strategies are employed to provide adequate returns , diversification and liquidity . in 2012 , the company implemented a de-risking strategy for the american water pension plan after conducting an asset-liability study to reduce the volatility of the funded status of the plan . as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of fixed-income assets relative to liabilities . the fixed income portion of the portfolio was designed to match the bond-like and long-dated nature of the postretirement liabilities . in 2017 , the company further increased its exposure to liability-driven investing and increased its fixed-income allocation to 50% ( 50 % ) , up from 40% ( 40 % ) , in an effort to further decrease the funded status volatility of the plan and hedge the portfolio from movements in interest rates . in 2012 , the company also implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility . in 2017 , the company conducted a new asset-liability study that indicated medical trend inflation that outpaced the consumer price index by more than 2% ( 2 % ) for the last 20 years . given continuously rising medical costs , the company decided to increase the equity exposure of the portfolio to 30% ( 30 % ) , up from 20% ( 20 % ) , while reducing the fixed-income portion of the portfolio from 80% ( 80 % ) to 70% ( 70 % ) . the company also conducted an asset-liability study for the post-retirement non-bargaining medical plan . its allocation was adjusted to make it more conservative , reducing the equity allocation from 70% ( 70 % ) to 60% ( 60 % ) and increasing the fixed- income allocation from 30% ( 30 % ) to 40% ( 40 % ) . the post-retirement medical non-bargaining plan 2019s equity allocation was reduced due to the cap on benefits for some non-union participants and resultant reduction in the plan 2019s liabilities . these changes will take place in 2018 . the company engages third party investment managers for all invested assets . managers are not permitted to invest outside of the asset class ( e.g . fixed income , equity , alternatives ) or strategy for which they have been appointed . investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided . futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. .
Question: in 2017 what was the percent of the return on assets to the balance at the end of december
Answer:
|
0.00719
|
in 2017 what was the percent of the return on assets to the balance at the end of december
|
{
"options": {
"A": "0.01438",
"B": "0.00719",
"C": "0.00359",
"D": "0.00179"
},
"goldenKey": "B"
}
|
{
"A": "0.01438",
"B": "0.00719",
"C": "0.00359",
"D": "0.00179"
}
|
B
|
finqa2461
|
Please answer the given financial question based on the context.
Context: the following table summarizes the changes in the company 2019s valuation allowance: .
|balance at january 1 2011|$ 23788|
|increases in current period tax positions|1525|
|decreases in current period tax positions|-3734 ( 3734 )|
|balance at december 31 2011|$ 21579|
|increases in current period tax positions|0|
|decreases in current period tax positions|-2059 ( 2059 )|
|balance at december 31 2012|$ 19520|
|increases in current period tax positions|0|
|decreases in current period tax positions|-5965 ( 5965 )|
|balance at december 31 2013|$ 13555|
included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance . note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for all employees . the pension plans were closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost . further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position . pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities , guaranteed interest contracts with insurance companies and real estate investment trusts ( 201creits 201d ) . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees . the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees . the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 . the plans had previously closed for non-union employees hired on or after january 1 , 2002 . the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes . assets of the plans are invested in equity mutual funds , bond mutual funds and fixed income securities. .
Question: what is the company's net valuation allowance at the end of 2013?
Answer:
|
10576.0
|
what is the company's net valuation allowance at the end of 2013?
|
{
"options": {
"A": "21579",
"B": "19520",
"C": "13555",
"D": "10576.0"
},
"goldenKey": "D"
}
|
{
"A": "21579",
"B": "19520",
"C": "13555",
"D": "10576.0"
}
|
D
|
finqa2462
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2012 annual report 119 implementing further revisions to the capital accord in the u.s . ( such further revisions are commonly referred to as 201cbasel iii 201d ) . basel iii revised basel ii by , among other things , narrowing the definition of capital , and increasing capital requirements for specific exposures . basel iii also includes higher capital ratio requirements and provides that the tier 1 common capital requirement will be increased to 7% ( 7 % ) , comprised of a minimum ratio of 4.5% ( 4.5 % ) plus a 2.5% ( 2.5 % ) capital conservation buffer . implementation of the 7% ( 7 % ) tier 1 common capital requirement is required by january 1 , in addition , global systemically important banks ( 201cgsibs 201d ) will be required to maintain tier 1 common requirements above the 7% ( 7 % ) minimum in amounts ranging from an additional 1% ( 1 % ) to an additional 2.5% ( 2.5 % ) . in november 2012 , the financial stability board ( 201cfsb 201d ) indicated that it would require the firm , as well as three other banks , to hold the additional 2.5% ( 2.5 % ) of tier 1 common ; the requirement will be phased in beginning in 2016 . the basel committee also stated it intended to require certain gsibs to hold an additional 1% ( 1 % ) of tier 1 common under certain circumstances , to act as a disincentive for the gsib from taking actions that would further increase its systemic importance . currently , no gsib ( including the firm ) is required to hold this additional 1% ( 1 % ) of tier 1 common . in addition , pursuant to the requirements of the dodd-frank act , u.s . federal banking agencies have proposed certain permanent basel i floors under basel ii and basel iii capital calculations . the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under basel iii rules , along with the firm 2019s estimated risk-weighted assets . tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of aoci related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans . the firm estimates that its tier 1 common ratio under basel iii rules would be 8.7% ( 8.7 % ) as of december 31 , 2012 . the tier 1 common ratio under both basel i and basel iii are non- gaap financial measures . however , such measures are used by bank regulators , investors and analysts as a key measure to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies . december 31 , 2012 ( in millions , except ratios ) .
|tier 1 common under basel i rules|$ 140342|
|adjustments related to aoci for afs securities and defined benefit pension and opeb plans|4077|
|all other adjustments|-453 ( 453 )|
|estimated tier 1 common under basel iii rules|$ 143966|
|estimated risk-weighted assets under basel iii rules ( a )|$ 1647903|
|estimated tier 1 common ratio under basel iii rules ( b )|8.7% ( 8.7 % )|
estimated risk-weighted assets under basel iii rules ( a ) $ 1647903 estimated tier 1 common ratio under basel iii rules ( b ) 8.7% ( 8.7 % ) ( a ) key differences in the calculation of risk-weighted assets between basel i and basel iii include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk weightings which vary only by counterparty type and asset class ; ( 2 ) basel iii market risk rwa reflects the new capital requirements related to trading assets and securitizations , which include incremental capital requirements for stress var , correlation trading , and re-securitization positions ; and ( 3 ) basel iii includes rwa for operational risk , whereas basel i does not . the actual impact on the firm 2019s capital ratios upon implementation could differ depending on final implementation guidance from the regulators , as well as regulatory approval of certain of the firm 2019s internal risk models . ( b ) the tier 1 common ratio is tier 1 common divided by rwa . the firm 2019s estimate of its tier 1 common ratio under basel iii reflects its current understanding of the basel iii rules based on information currently published by the basel committee and u.s . federal banking agencies and on the application of such rules to its businesses as currently conducted ; it excludes the impact of any changes the firm may make in the future to its businesses as a result of implementing the basel iii rules , possible enhancements to certain market risk models , and any further implementation guidance from the regulators . the basel iii capital requirements are subject to prolonged transition periods . the transition period for banks to meet the tier 1 common requirement under basel iii was originally scheduled to begin in 2013 , with full implementation on january 1 , 2019 . in november 2012 , the u.s . federal banking agencies announced a delay in the implementation dates for the basel iii capital requirements . the additional capital requirements for gsibs will be phased in starting january 1 , 2016 , with full implementation on january 1 , 2019 . management 2019s current objective is for the firm to reach , by the end of 2013 , an estimated basel iii tier i common ratio of 9.5% ( 9.5 % ) . additional information regarding the firm 2019s capital ratios and the federal regulatory capital standards to which it is subject is presented in supervision and regulation on pages 1 20138 of the 2012 form 10-k , and note 28 on pages 306 2013 308 of this annual report . broker-dealer regulatory capital jpmorgan chase 2019s principal u.s . broker-dealer subsidiaries are j.p . morgan securities llc ( 201cjpmorgan securities 201d ) and j.p . morgan clearing corp . ( 201cjpmorgan clearing 201d ) . jpmorgan clearing is a subsidiary of jpmorgan securities and provides clearing and settlement services . jpmorgan securities and jpmorgan clearing are each subject to rule 15c3-1 under the securities exchange act of 1934 ( the 201cnet capital rule 201d ) . jpmorgan securities and jpmorgan clearing are also each registered as futures commission merchants and subject to rule 1.17 of the commodity futures trading commission ( 201ccftc 201d ) . jpmorgan securities and jpmorgan clearing have elected to compute their minimum net capital requirements in accordance with the 201calternative net capital requirements 201d of the net capital rule . at december 31 , 2012 , jpmorgan securities 2019 net capital , as defined by the net capital rule , was $ 13.5 billion , exceeding the minimum requirement by .
Question: as of the current year , did the firm meet the eventual objective of an estimated basel iii tier i common ratio of 9.5%?
Answer:
|
no
|
as of the current year , did the firm meet the eventual objective of an estimated basel iii tier i common ratio of 9.5%?
|
{
"options": {
"A": "Yes",
"B": "No",
"C": "Not mentioned",
"D": "Cannot be determined"
},
"goldenKey": "B"
}
|
{
"A": "Yes",
"B": "No",
"C": "Not mentioned",
"D": "Cannot be determined"
}
|
B
|
finqa2464
|
Please answer the given financial question based on the context.
Context: available information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector during the fourth quarter of 2014 . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2014|$ 62.2|
|2013|195.0|
|2012|410.0|
|2011|1300.4|
|2010|571.1|
our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what are the total pre-tax catastrophe losses in the last 2 years?\\n
Answer:
|
257.2
|
what are the total pre-tax catastrophe losses in the last 2 years?\\n
|
{
"options": {
"A": "62.2",
"B": "195.0",
"C": "410.0",
"D": "257.2"
},
"goldenKey": "D"
}
|
{
"A": "62.2",
"B": "195.0",
"C": "410.0",
"D": "257.2"
}
|
D
|
finqa2465
|
Please answer the given financial question based on the context.
Context: part ii were issued in an initial aggregate principal amount of $ 500 million at a 2.25% ( 2.25 % ) fixed , annual interest rate and will mature on may 1 , 2023 . the 2043 senior notes were issued in an initial aggregate principal amount of $ 500 million at a 3.625% ( 3.625 % ) fixed , annual interest rate and will mature on may 1 , 2043 . interest on the senior notes is payable semi-annually on may 1 and november 1 of each year . the issuance resulted in gross proceeds before expenses of $ 998 million . on november 1 , 2011 , we entered into a committed credit facility agreement with a syndicate of banks which provides for up to $ 1 billion of borrowings with the option to increase borrowings to $ 1.5 billion with lender approval . the facility matures november 1 , 2017 . as of and for the periods ended may 31 , 2015 and 2014 , we had no amounts outstanding under our committed credit facility . we currently have long-term debt ratings of aa- and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . if our long- term debt ratings were to decline , the facility fee and interest rate under our committed credit facility would increase . conversely , if our long-term debt rating were to improve , the facility fee and interest rate would decrease . changes in our long-term debt rating would not trigger acceleration of maturity of any then-outstanding borrowings or any future borrowings under the committed credit facility . under this committed revolving credit facility , we have agreed to various covenants . these covenants include limits on our disposal of fixed assets , the amount of debt secured by liens we may incur , as well as a minimum capitalization ratio . in the event we were to have any borrowings outstanding under this facility and failed to meet any covenant , and were unable to obtain a waiver from a majority of the banks in the syndicate , any borrowings would become immediately due and payable . as of may 31 , 2015 , we were in full compliance with each of these covenants and believe it is unlikely we will fail to meet any of these covenants in the foreseeable future . liquidity is also provided by our $ 1 billion commercial paper program . during the year ended may 31 , 2015 , we did not issue commercial paper , and as of may 31 , 2015 , there were no outstanding borrowings under this program . we may issue commercial paper or other debt securities during fiscal 2016 depending on general corporate needs . we currently have short-term debt ratings of a1+ and p1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . as of may 31 , 2015 , we had cash , cash equivalents and short-term investments totaling $ 5.9 billion , of which $ 4.2 billion was held by our foreign subsidiaries . included in cash and equivalents as of may 31 , 2015 was $ 968 million of cash collateral received from counterparties as a result of hedging activity . cash equivalents and short-term investments consist primarily of deposits held at major banks , money market funds , commercial paper , corporate notes , u.s . treasury obligations , u.s . government sponsored enterprise obligations and other investment grade fixed income securities . our fixed income investments are exposed to both credit and interest rate risk . all of our investments are investment grade to minimize our credit risk . while individual securities have varying durations , as of may 31 , 2015 the weighted average remaining duration of our short-term investments and cash equivalents portfolio was 79 days . to date we have not experienced difficulty accessing the credit markets or incurred higher interest costs . future volatility in the capital markets , however , may increase costs associated with issuing commercial paper or other debt instruments or affect our ability to access those markets . we believe that existing cash , cash equivalents , short-term investments and cash generated by operations , together with access to external sources of funds as described above , will be sufficient to meet our domestic and foreign capital needs in the foreseeable future . we utilize a variety of tax planning and financing strategies to manage our worldwide cash and deploy funds to locations where they are needed . we routinely repatriate a portion of our foreign earnings for which u.s . taxes have previously been provided . we also indefinitely reinvest a significant portion of our foreign earnings , and our current plans do not demonstrate a need to repatriate these earnings . should we require additional capital in the united states , we may elect to repatriate indefinitely reinvested foreign funds or raise capital in the united states through debt . if we were to repatriate indefinitely reinvested foreign funds , we would be required to accrue and pay additional u.s . taxes less applicable foreign tax credits . if we elect to raise capital in the united states through debt , we would incur additional interest expense . off-balance sheet arrangements in connection with various contracts and agreements , we routinely provide indemnification relating to the enforceability of intellectual property rights , coverage for legal issues that arise and other items where we are acting as the guarantor . currently , we have several such agreements in place . however , based on our historical experience and the estimated probability of future loss , we have determined that the fair value of such indemnification is not material to our financial position or results of operations . contractual obligations our significant long-term contractual obligations as of may 31 , 2015 and significant endorsement contracts , including related marketing commitments , entered into through the date of this report are as follows: .
|description of commitment ( in millions )|description of commitment 2016|description of commitment 2017|description of commitment 2018|description of commitment 2019|description of commitment 2020|description of commitment thereafter|total|
|operating leases|$ 447|$ 423|$ 371|$ 311|$ 268|$ 1154|$ 2974|
|capital leases|2|2|1|2014|2014|2014|5|
|long-term debt ( 1 )|142|77|55|36|36|1451|1797|
|endorsement contracts ( 2 )|1009|919|882|706|533|2143|6192|
|product purchase obligations ( 3 )|3735|2014|2014|2014|2014|2014|3735|
|other ( 4 )|343|152|75|72|36|92|770|
|total|$ 5678|$ 1573|$ 1384|$ 1125|$ 873|$ 4840|$ 15473|
( 1 ) the cash payments due for long-term debt include estimated interest payments . estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2015 ( if variable ) , timing of scheduled payments and the term of the debt obligations . ( 2 ) the amounts listed for endorsement contracts represent approximate amounts of base compensation and minimum guaranteed royalty fees we are obligated to pay athlete , sport team and league endorsers of our products . actual payments under some contracts may be higher than the amounts listed as these contracts provide for bonuses to be paid to the endorsers based upon athletic achievements and/or royalties on product sales in future periods . actual payments under some contracts may also be lower as these contracts include provisions for reduced payments if athletic performance declines in future periods . in addition to the cash payments , we are obligated to furnish our endorsers with nike product for their use . it is not possible to determine how much we will spend on this product on an annual basis as the contracts generally do not stipulate a specific amount of cash to be spent on the product . the amount of product provided to the endorsers will depend on many factors , including general playing conditions , the number of sporting events in which they participate and our own decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers. .
Question: what percentage of endorsement contracts is currently due in 2016?
Answer:
|
0.16295
|
what percentage of endorsement contracts is currently due in 2016?
|
{
"options": {
"A": "16.295%",
"B": "1.6295%",
"C": "0.16295%",
"D": "0.016295%"
},
"goldenKey": "C"
}
|
{
"A": "16.295%",
"B": "1.6295%",
"C": "0.16295%",
"D": "0.016295%"
}
|
C
|
finqa2467
|
Please answer the given financial question based on the context.
Context: executive deferred compensation plan for the company 2019s executives and members of the board of directors , the company adopted the illumina , inc . deferred compensation plan ( the plan ) that became effective january 1 , 2008 . eligible participants can contribute up to 80% ( 80 % ) of their base salary and 100% ( 100 % ) of all other forms of compensation into the plan , including bonus , commission and director fees . the company has agreed to credit the participants 2019 contributions with earnings that reflect the performance of certain independent investment funds . on a discretionary basis , the company may also make employer contributions to participant accounts in any amount determined by the company . the vesting schedules of employer contributions are at the sole discretion of the compensation committee . however , all employer contributions shall become 100% ( 100 % ) vested upon the occurrence of the participant 2019s disability , death or retirement or a change in control of the company . the benefits under this plan are unsecured . participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment with the company for any reason or at a later date to comply with the restrictions of section 409a . as of december 28 , 2008 , no employer contributions were made to the plan . in january 2008 , the company also established a rabbi trust for the benefit of its directors and executives under the plan . in accordance with fasb interpretation ( fin ) no . 46 , consolidation of variable interest entities , an interpretation of arb no . 51 , and eitf 97-14 , accounting for deferred compensation arrangements where amounts earned are held in a rabbi trust and invested , the company has included the assets of the rabbi trust in its consolidated balance sheet since the trust 2019s inception . as of december 28 , 2008 , the assets of the trust and liabilities of the company were $ 1.3 million . the assets and liabilities are classified as other assets and accrued liabilities , respectively , on the company 2019s balance sheet as of december 28 , 2008 . changes in the values of the assets held by the rabbi trust accrue to the company . 14 . segment information , geographic data and significant customers during the first quarter of 2008 , the company reorganized its operating structure into a newly created life sciences business unit , which includes all products and services related to the research market , namely the beadarray , beadxpress and sequencing product lines . the company also created a diagnostics business unit to focus on the emerging opportunity in molecular diagnostics . for the year ended december 28 , 2008 , the company had limited activity related to the diagnostics business unit , and operating results were reported on an aggregate basis to the chief operating decision maker of the company , the chief executive officer . in accordance with sfas no . 131 , disclosures about segments of an enterprise and related information , the company operated in one reportable segment for the year ended december 28 , 2008 . the company had revenue in the following regions for the years ended december 28 , 2008 , december 30 , 2007 and december 31 , 2006 ( in thousands ) : year ended december 28 , year ended december 30 , year ended december 31 .
||year ended december 28 2008|year ended december 30 2007|year ended december 31 2006|
|united states|$ 280064|$ 207692|$ 103043|
|united kingdom|67973|34196|22840|
|other european countries|127397|75360|32600|
|asia-pacific|72740|35155|15070|
|other markets|25051|14396|11033|
|total|$ 573225|$ 366799|$ 184586|
net revenues are attributable to geographic areas based on the region of destination . illumina , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what percentage of total revenue in 2008 came from the asia-pacific region?
Answer:
|
0.1269
|
what percentage of total revenue in 2008 came from the asia-pacific region?
|
{
"options": {
"A": "0.1269%",
"B": "0.1269",
"C": "12.69%",
"D": "12.69"
},
"goldenKey": "A"
}
|
{
"A": "0.1269%",
"B": "0.1269",
"C": "12.69%",
"D": "12.69"
}
|
A
|
finqa2468
|
Please answer the given financial question based on the context.
Context: capital resources and liquidity capital resources overview capital is generally generated via earnings from operating businesses . this is augmented through issuance of common stock , convertible preferred stock , preferred stock , subordinated debt , and equity issued through awards under employee benefit plans . capital is used primarily to support assets in the company 2019s businesses and to absorb unexpected market , credit or operational losses . the company 2019s uses of capital , particularly to pay dividends and repurchase common stock , became severely restricted during the latter half of 2008 . see 201cthe company , 201d 201cmanagement 2019s discussion and analysis 2013 events in 2008 , 201d 201ctarp and other regulatory programs , 201d 201crisk factors 201d and 201ccommon equity 201d on pages 2 , 9 , 44 , 47 and 95 , respectively . citigroup 2019s capital management framework is designed to ensure that citigroup and its principal subsidiaries maintain sufficient capital consistent with the company 2019s risk profile , all applicable regulatory standards and guidelines , and external rating agency considerations . the capital management process is centrally overseen by senior management and is reviewed at the consolidated , legal entity , and country level . senior management oversees the capital management process of citigroup and its principal subsidiaries mainly through citigroup 2019s finance and asset and liability committee ( finalco ) . the committee is composed of the senior-most management of citigroup for the purpose of engaging management in decision-making and related discussions on capital and liquidity items . among other things , the committee 2019s responsibilities include : determining the financial structure of citigroup and its principal subsidiaries ; ensuring that citigroup and its regulated entities are adequately capitalized ; determining appropriate asset levels and return hurdles for citigroup and individual businesses ; reviewing the funding and capital markets plan for citigroup ; and monitoring interest-rate risk , corporate and bank liquidity , the impact of currency translation on non-u.s . earnings and capital . the finalco has established capital targets for citigroup and for significant subsidiaries . at december 31 , 2008 , these targets exceeded the regulatory standards . common and preferred stock issuances as discussed under 201cevents in 2008 201d on page 9 , during 2008 , the company issued $ 45 billion in preferred stock and warrants under tarp , $ 12.5 billion of convertible preferred stock in a private offering , $ 11.7 billion of non-convertible preferred stock in public offerings , $ 3.2 billion of convertible preferred stock in public offerings , and $ 4.9 billion of common stock in public offerings . on january 23 , 2009 , pursuant to our prior agreement with the purchasers of the $ 12.5 billion convertible preferred stock issued in the private offering , the conversion price was reset from $ 31.62 per share to $ 26.35 per share . the reset will result in citigroup 2019s issuing approximately 79 million additional common shares if converted . there will be no impact to net income , total stockholders 2019 equity or capital ratios due to the reset . however , the reset will result in a reclassification from retained earnings to additional paid-in capital of $ 1.2 billion to reflect the benefit of the reset to the preferred stockholders . capital ratios citigroup is subject to risk-based capital ratio guidelines issued by the federal reserve board ( frb ) . capital adequacy is measured via two risk- based ratios , tier 1 and total capital ( tier 1 + tier 2 capital ) . tier 1 capital is considered core capital while total capital also includes other items such as subordinated debt and loan loss reserves . both measures of capital are stated as a percentage of risk-weighted assets . risk-weighted assets are measured primarily on their perceived credit risk and include certain off-balance-sheet exposures , such as unfunded loan commitments and letters of credit , and the notional amounts of derivative and foreign- exchange contracts . citigroup is also subject to the leverage ratio requirement , a non-risk-based asset ratio , which is defined as tier 1 capital as a percentage of adjusted average assets . to be 201cwell capitalized 201d under federal bank regulatory agency definitions , a bank holding company must have a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) , and a leverage ratio of at least 3% ( 3 % ) , and not be subject to an frb directive to maintain higher capital levels . as noted in the following table , citigroup maintained a 201cwell capitalized 201d position during both 2008 and 2007 . citigroup regulatory capital ratios at year end 2008 2007 .
|at year end|2008|2007|
|tier 1 capital|11.92% ( 11.92 % )|7.12% ( 7.12 % )|
|total capital ( tier 1 and tier 2 )|15.70|10.70|
|leverage ( 1 )|6.08|4.03|
leverage ( 1 ) 6.08 4.03 ( 1 ) tier 1 capital divided by adjusted average assets . events occurring during 2008 , including the transactions with the u.s . government , affected citigroup 2019s capital ratios , and any additional u.s . government financial involvement with the company could further impact the company 2019s capital ratios . in addition , future operations will affect capital levels , and changes that the fasb has proposed regarding off-balance-sheet assets , consolidation and sale treatment could also have an impact on capital ratios . see also note 23 to the consolidated financial statements on page 175 , including 201cfunding liquidity facilities and subordinate interests . 201d .
Question: what was the percentage discount given in the reset of convertible preferred stock issued in the private offering ?
Answer:
|
0.16667
|
what was the percentage discount given in the reset of convertible preferred stock issued in the private offering ?
|
{
"options": {
"A": "0.16667%",
"B": "0.1667%",
"C": "0.1666%",
"D": "0.166%"
},
"goldenKey": "A"
}
|
{
"A": "0.16667%",
"B": "0.1667%",
"C": "0.1666%",
"D": "0.166%"
}
|
A
|
finqa2470
|
Please answer the given financial question based on the context.
Context: humana inc . notes to consolidated financial statements 2014 ( continued ) not be estimated based on observable market prices , and as such , unobservable inputs were used . for auction rate securities , valuation methodologies include consideration of the quality of the sector and issuer , underlying collateral , underlying final maturity dates , and liquidity . recently issued accounting pronouncements there are no recently issued accounting standards that apply to us or that will have a material impact on our results of operations , financial condition , or cash flows . 3 . acquisitions on december 21 , 2012 , we acquired metropolitan health networks , inc. , or metropolitan , a medical services organization , or mso , that coordinates medical care for medicare advantage beneficiaries and medicaid recipients , primarily in florida . we paid $ 11.25 per share in cash to acquire all of the outstanding shares of metropolitan and repaid all outstanding debt of metropolitan for a transaction value of $ 851 million , plus transaction expenses . the preliminary fair values of metropolitan 2019s assets acquired and liabilities assumed at the date of the acquisition are summarized as follows : metropolitan ( in millions ) .
||metropolitan ( in millions )|
|cash and cash equivalents|$ 49|
|receivables net|28|
|other current assets|40|
|property and equipment|22|
|goodwill|569|
|other intangible assets|263|
|other long-term assets|1|
|total assets acquired|972|
|current liabilities|-22 ( 22 )|
|other long-term liabilities|-99 ( 99 )|
|total liabilities assumed|-121 ( 121 )|
|net assets acquired|$ 851|
the goodwill was assigned to the health and well-being services segment and is not deductible for tax purposes . the other intangible assets , which primarily consist of customer contracts and trade names , have a weighted average useful life of 8.4 years . on october 29 , 2012 , we acquired a noncontrolling equity interest in mcci holdings , llc , or mcci , a privately held mso headquartered in miami , florida that coordinates medical care for medicare advantage and medicaid beneficiaries primarily in florida and texas . the metropolitan and mcci transactions are expected to provide us with components of a successful integrated care delivery model that has demonstrated scalability to new markets . a substantial portion of the revenues for both metropolitan and mcci are derived from services provided to humana medicare advantage members under capitation contracts with our health plans . in addition , metropolitan and mcci provide services to medicare advantage and medicaid members under capitation contracts with third party health plans . under these capitation agreements with humana and third party health plans , metropolitan and mcci assume financial risk associated with these medicare advantage and medicaid members. .
Question: what is the working capital of metropolitan?
Answer:
|
95.0
|
what is the working capital of metropolitan?
|
{
"options": {
"A": "49.0",
"B": "28.0",
"C": "40.0",
"D": "95.0"
},
"goldenKey": "D"
}
|
{
"A": "49.0",
"B": "28.0",
"C": "40.0",
"D": "95.0"
}
|
D
|
finqa2471
|
Please answer the given financial question based on the context.
Context: the following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2015 and 2014 , respectively: .
||level 3|
|balance as of january 1 2015|$ 127|
|actual return on assets|12|
|purchases issuances and settlements net|-3 ( 3 )|
|balance as of december 31 2015|$ 136|
purchases , issuances and settlements , net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 balance as of december 31 , 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 127 the company 2019s other postretirement benefit plans are partially funded and the assets are held under various trusts . the investments and risk mitigation strategies for the plans are tailored specifically for each trust . in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and the risk tolerance of the company . the company periodically updates the long-term , strategic asset allocations and uses various analytics to determine the optimal asset allocation . considerations include plan liability characteristics , liquidity characteristics , funding requirements , expected rates of return and the distribution of returns . in june 2012 , the company implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility . as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of assets relative to liabilities . the initial de-risking asset allocation for the plan was 60% ( 60 % ) return-generating assets and 40% ( 40 % ) liability-driven assets . the investment strategies and policies for the plan reflect a balance of liability driven and return-generating considerations . the objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset 2014liability matching , asset diversification and hedging . the fixed income target asset allocation matches the bond-like and long-dated nature of the postretirement liabilities . assets are broadly diversified within asset classes to achieve risk-adjusted returns that in total lower asset volatility relative to the liabilities . the company assesses the investment strategy regularly to ensure actual allocations are in line with target allocations as appropriate . strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes strategies are employed to provide adequate returns , diversification and liquidity . the assets of the company 2019s other trusts , within the other postretirement benefit plans , have been primarily invested in equities and fixed income funds . the assets under the various other postretirement benefit trusts are invested differently based on the assets and liabilities of each trust . the obligations of the other postretirement benefit plans are dominated by obligations for the medical bargaining trust . thirty-nine percent and four percent of the total postretirement plan benefit obligations are related to the medical non-bargaining and life insurance trusts , respectively . because expected benefit payments related to the benefit obligations are so far into the future , and the size of the medical non-bargaining and life insurance trusts 2019 obligations are large compared to each trusts 2019 assets , the investment strategy is to allocate a significant portion of the assets 2019 investment to equities , which the company believes will provide the highest long-term return and improve the funding ratio . the company engages third party investment managers for all invested assets . managers are not permitted to invest outside of the asset class ( e.g . fixed income , equity , alternatives ) or strategy for which they have been appointed . investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided . futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. .
Question: what was the actual return on assets as a percentage of the 2015 ending balance?
Answer:
|
0.08824
|
what was the actual return on assets as a percentage of the 2015 ending balance?
|
{
"options": {
"A": "0.009",
"B": "0.088",
"C": "0.12",
"D": "0.136"
},
"goldenKey": "B"
}
|
{
"A": "0.009",
"B": "0.088",
"C": "0.12",
"D": "0.136"
}
|
B
|
finqa2473
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements derivatives with credit-related contingent features certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require the firm to post collateral or terminate the transactions based on changes in the firm 2019s credit ratings . the firm assesses the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies . a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies . the table below presents the aggregate fair value of net derivative liabilities under such agreements ( excluding application of collateral posted to reduce these liabilities ) , the related aggregate fair value of the assets posted as collateral , and the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in the firm 2019s credit ratings. .
|$ in millions|as of december 2014|as of december 2013|
|net derivative liabilities under bilateral agreements|$ 35764|$ 22176|
|collateral posted|30824|18178|
|additional collateral or termination payments for a one-notch downgrade|1072|911|
|additional collateral or termination payments for a two-notch downgrade|2815|2989|
additional collateral or termination payments for a one-notch downgrade 1072 911 additional collateral or termination payments for a two-notch downgrade 2815 2989 credit derivatives the firm enters into a broad array of credit derivatives in locations around the world to facilitate client transactions and to manage the credit risk associated with market- making and investing and lending activities . credit derivatives are actively managed based on the firm 2019s net risk position . credit derivatives are individually negotiated contracts and can have various settlement and payment conventions . credit events include failure to pay , bankruptcy , acceleration of indebtedness , restructuring , repudiation and dissolution of the reference entity . credit default swaps . single-name credit default swaps protect the buyer against the loss of principal on one or more bonds , loans or mortgages ( reference obligations ) in the event the issuer ( reference entity ) of the reference obligations suffers a credit event . the buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract . if there is no credit event , as defined in the contract , the seller of protection makes no payments to the buyer of protection . however , if a credit event occurs , the seller of protection is required to make a payment to the buyer of protection , which is calculated in accordance with the terms of the contract . credit indices , baskets and tranches . credit derivatives may reference a basket of single-name credit default swaps or a broad-based index . if a credit event occurs in one of the underlying reference obligations , the protection seller pays the protection buyer . the payment is typically a pro-rata portion of the transaction 2019s total notional amount based on the underlying defaulted reference obligation . in certain transactions , the credit risk of a basket or index is separated into various portions ( tranches ) , each having different levels of subordination . the most junior tranches cover initial defaults and once losses exceed the notional amount of these junior tranches , any excess loss is covered by the next most senior tranche in the capital structure . total return swaps . a total return swap transfers the risks relating to economic performance of a reference obligation from the protection buyer to the protection seller . typically , the protection buyer receives from the protection seller a floating rate of interest and protection against any reduction in fair value of the reference obligation , and in return the protection seller receives the cash flows associated with the reference obligation , plus any increase in the fair value of the reference obligation . 132 goldman sachs 2014 annual report .
Question: what was the percentage change in net derivative liabilities under bilateral agreements between 2013 and 2014?
Answer:
|
0.61273
|
what was the percentage change in net derivative liabilities under bilateral agreements between 2013 and 2014?
|
{
"options": {
"A": "61.273%",
"B": "61.273",
"C": "0.61273%",
"D": "0.61273"
},
"goldenKey": "C"
}
|
{
"A": "61.273%",
"B": "61.273",
"C": "0.61273%",
"D": "0.61273"
}
|
C
|
finqa2474
|
Please answer the given financial question based on the context.
Context: note 9 . retirement plan we maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service . annual contributions to the plan are based on fixed percentages of participants 2019 salaries and years of service , not to exceed certain maximums . pension cost was $ 13.9 million , $ 12.8 million and $ 12.2 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively . note 10 . income taxes we and the majority of our subsidiaries are currently exempt from united states corporate tax on income from the international opera- tion of ships pursuant to section 883 of the internal revenue code . income tax expense related to our remaining subsidiaries was not significant for the years ended december 31 , 2006 , 2005 and 2004 . final regulations under section 883 were published on august 26 , 2003 , and were effective for the year ended december 31 , 2005 . these regulations confirmed that we qualify for the exemption provid- ed by section 883 , but also narrowed the scope of activities which are considered by the internal revenue service to be incidental to the international operation of ships . the activities listed in the regula- tions as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers , shore excursions and pre and post cruise tours . to the extent the income from such activities is earned from sources within the united states , such income will be subject to united states taxa- tion . the application of these new regulations reduced our net income for the years ended december 31 , 2006 and december 31 , 2005 by approximately $ 6.3 million and $ 14.0 million , respectively . note 11 . financial instruments the estimated fair values of our financial instruments are as follows ( in thousands ) : .
||2006|2005|
|cash and cash equivalents|$ 104520|$ 125385|
|long-term debt ( including current portion of long-term debt )|-5474988 ( 5474988 )|-4368874 ( 4368874 )|
|foreign currency forward contracts in a net ( loss ) gain position|104159|-115415 ( 115415 )|
|interest rate swap agreements in a net receivable position|5856|8456|
|fuel swap agreements in a net payable position|-20456 ( 20456 )|-78 ( 78 )|
long-term debt ( including current portion of long-term debt ) ( 5474988 ) ( 4368874 ) foreign currency forward contracts in a net ( loss ) gain position 104159 ( 115415 ) interest rate swap agreements in a net receivable position 5856 8456 fuel swap agreements in a net payable position ( 20456 ) ( 78 ) the reported fair values are based on a variety of factors and assumptions . accordingly , the fair values may not represent actual values of the financial instruments that could have been realized as of december 31 , 2006 or 2005 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement . our financial instruments are not held for trading or speculative purposes . our exposure under foreign currency contracts , interest rate and fuel swap agreements is limited to the cost of replacing the contracts in the event of non-performance by the counterparties to the contracts , all of which are currently our lending banks . to minimize this risk , we select counterparties with credit risks acceptable to us and we limit our exposure to an individual counterparty . furthermore , all foreign currency forward contracts are denominated in primary currencies . cash and cash equivalents the carrying amounts of cash and cash equivalents approximate their fair values due to the short maturity of these instruments . long-term debt the fair values of our senior notes and senior debentures were esti- mated by obtaining quoted market prices . the fair values of all other debt were estimated using discounted cash flow analyses based on market rates available to us for similar debt with the same remaining maturities . foreign currency contracts the fair values of our foreign currency forward contracts were esti- mated using current market prices for similar instruments . our expo- sure to market risk for fluctuations in foreign currency exchange rates relates to six ship construction contracts and forecasted transactions . we use foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates . as of december 31 , 2006 , we had foreign currency forward contracts in a notional amount of $ 3.8 billion maturing through 2009 . as of december 31 , 2006 , the fair value of our foreign currency forward contracts related to the six ship construction contracts , which are designated as fair value hedges , was a net unrealized gain of approximately $ 106.3 mil- lion . at december 31 , 2005 , the fair value of our foreign currency for- ward contracts related to three ship construction contracts , designated as fair value hedges , was a net unrealized loss of approx- imately $ 103.4 million . the fair value of our foreign currency forward contracts related to the other ship construction contract at december 31 , 2005 , which was designated as a cash flow hedge , was an unre- alized loss , of approximately $ 7.8 million . at december 31 , 2006 , approximately 11% ( 11 % ) of the aggregate cost of the ships was exposed to fluctuations in the euro exchange rate . r o y a l c a r i b b e a n c r u i s e s l t d . 3 5 notes to the consolidated financial statements ( continued ) 51392_financials-v9.qxp 6/7/07 3:40 pm page 35 .
Question: what was the percentage increase in the cash and cash equivalents from 2005 to 2006
Answer:
|
-0.16641
|
what was the percentage increase in the cash and cash equivalents from 2005 to 2006
|
{
"options": {
"A": "0.16641",
"B": "-0.16641",
"C": "0.83359",
"D": "-0.83359"
},
"goldenKey": "B"
}
|
{
"A": "0.16641",
"B": "-0.16641",
"C": "0.83359",
"D": "-0.83359"
}
|
B
|
finqa2475
|
Please answer the given financial question based on the context.
Context: the changes in the gross amount of unrecognized tax benefits for the year ended december 29 , 2007 are as follows: .
||( in thousands )|
|balance as of december 31 2006|$ 337226|
|gross amount of the decreases in unrecognized tax benefits of tax positions taken during a prior year|-31608 ( 31608 )|
|gross amount of the increases in unrecognized tax benefits as a result of tax positions taken during the current year|7764|
|amount of decreases in unrecognized tax benefits relating to settlements with taxing authorities|-6001 ( 6001 )|
|reductions to unrecognized tax benefits resulting from the lapse of the applicable statute of limitations|-511 ( 511 )|
|balance as of december 29 2007|$ 306870|
as of december 29 , 2007 , $ 228.4 million of unrecognized tax benefits would , if recognized , reduce the effective tax rate , as compared to $ 232.1 million as of december 31 , 2006 , the first day of cadence 2019s fiscal year . the total amounts of interest and penalties recognized in the consolidated income statement for the year ended december 29 , 2007 resulted in net tax benefits of $ 11.1 million and $ 0.4 million , respectively , primarily due to the effective settlement of tax audits during the year . the total amounts of gross accrued interest and penalties recognized in the consolidated balance sheets as of december 29 , 2007 , were $ 47.9 million and $ 9.7 million , respectively as compared to $ 65.8 million and $ 10.1 million , respectively as of december 31 , 2006 . note 9 . acquisitions for each of the acquisitions described below , the results of operations and the estimated fair value of the assets acquired and liabilities assumed have been included in cadence 2019s consolidated financial statements from the date of the acquisition . comparative pro forma financial information for all 2007 , 2006 and 2005 acquisitions have not been presented because the results of operations were not material to cadence 2019s consolidated financial statements . 2007 acquisitions during 2007 , cadence acquired invarium , inc. , a san jose-based developer of advanced lithography-modeling and pattern-synthesis technology , and clear shape technologies , inc. , a san jose-based design for manufacturing technology company specializing in design-side solutions to minimize yield loss for advanced semiconductor integrated circuits . cadence acquired these two companies for an aggregate purchase price of $ 75.5 million , which included the payment of cash , the fair value of assumed options and acquisition costs . the $ 45.7 million of goodwill recorded in connection with these acquisitions is not expected to be deductible for income tax purposes . prior to acquiring clear shape technologies , inc. , cadence had an investment of $ 2.0 million in the company , representing a 12% ( 12 % ) ownership interest , which had been accounted for under the cost method of accounting . in accordance with sfas no . 141 , 201cbusiness combinations , 201d cadence accounted for this acquisition as a step acquisition . subsequent adjustments to the purchase price of these acquired companies are included in the 201cother 201d line of the changes of goodwill table in note 10 below . 2006 acquisition in march 2006 , cadence acquired a company for an aggregate initial purchase price of $ 25.8 million , which included the payment of cash , the fair value of assumed options and acquisition costs . the preliminary allocation of the purchase price was recorded as $ 17.4 million of goodwill , $ 9.4 million of identifiable intangible assets and $ ( 1.0 ) million of net liabilities . the $ 17.4 million of goodwill recorded in connection with this acquisition is not expected to be deductible for income tax purposes . subsequent adjustments to the purchase price of this acquired company are included in the 201cother 201d line of the changes of goodwill table in note 10 below. .
Question: what is the percentage change in the gross accrued interest from 2006 to 2007?
Answer:
|
-0.27204
|
what is the percentage change in the gross accrued interest from 2006 to 2007?
|
{
"options": {
"A": "-0.27204%",
"B": "-27.204%",
"C": "0.27204%",
"D": "27.204%"
},
"goldenKey": "A"
}
|
{
"A": "-0.27204%",
"B": "-27.204%",
"C": "0.27204%",
"D": "27.204%"
}
|
A
|
finqa2476
|
Please answer the given financial question based on the context.
Context: item 2 . properties flight equipment and fleet renewal as of december 31 , 2017 , american operated a mainline fleet of 948 aircraft . in 2017 , we continued our extensive fleet renewal program , which has provided us with the youngest fleet of the major u.s . network carriers . during 2017 , american took delivery of 57 new mainline aircraft and retired 39 mainline aircraft . we are supported by our wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as american eagle . as of december 31 , 2017 , american eagle operated 597 regional aircraft . during 2017 , we reduced our regional fleet by a net of nine aircraft , including the addition of 63 regional aircraft and retirement of 72 regional aircraft . mainline as of december 31 , 2017 , american 2019s mainline fleet consisted of the following aircraft : average seating capacity average ( years ) owned leased total .
||average seatingcapacity|averageage ( years )|owned|leased|total|
|airbus a319|128|13.8|21|104|125|
|airbus a320|150|16.7|10|38|48|
|airbus a321|178|5.4|165|54|219|
|airbus a330-200|251|6.0|15|2014|15|
|airbus a330-300|291|17.4|4|5|9|
|boeing 737-800|160|8.1|132|172|304|
|boeing 737-8 max|172|0.1|4|2014|4|
|boeing 757-200|180|18.1|31|3|34|
|boeing 767-300er|209|19.1|24|2014|24|
|boeing 777-200er|269|17.0|44|3|47|
|boeing 777-300er|310|3.8|18|2|20|
|boeing 787-8|226|2.1|20|2014|20|
|boeing 787-9|285|0.7|14|2014|14|
|embraer 190|99|10.2|20|2014|20|
|mcdonnell douglas md-80|140|21.3|13|32|45|
|total||10.1|535|413|948|
.
Question: did american have access to more planes than american eagle at 12/31/17?
Answer:
|
yes
|
did american have access to more planes than american eagle at 12/31/17?
|
{
"options": {
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
},
"goldenKey": "A"
}
|
{
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
}
|
A
|
finqa2477
|
Please answer the given financial question based on the context.
Context: depending upon our senior unsecured debt ratings . the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio . at december 31 , 2006 , we were in compliance with these covenants . the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral . in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 . neither of these lines of credit were used as of december 31 , 2006 . we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines . dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above . the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively . we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 . shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings . at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement . we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time . 6 . leases we lease certain locomotives , freight cars , and other property . 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 , 2006 were as follows : millions of dollars operating leases capital leases .
|millions of dollars|operatingleases|capital leases|
|2007|$ 624|$ 180|
|2008|546|173|
|2009|498|168|
|2010|456|148|
|2011|419|157|
|later years|2914|1090|
|total minimum lease payments|$ 5457|$ 1916|
|amount representing interest|n/a|-680 ( 680 )|
|present value of minimum lease payments|n/a|$ 1236|
rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 . 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. .
Question: in 2006 what was the percentage of the dividends declared to the amount available in retained earnings for dividends
Answer:
|
41.41026
|
in 2006 what was the percentage of the dividends declared to the amount available in retained earnings for dividends
|
{
"options": {
"A": "32.05128",
"B": "41.41026",
"C": "52.30769",
"D": "63.07692"
},
"goldenKey": "B"
}
|
{
"A": "32.05128",
"B": "41.41026",
"C": "52.30769",
"D": "63.07692"
}
|
B
|
finqa2479
|
Please answer the given financial question based on the context.
Context: amounts due from related parties at december a031 , 2010 and 2009 con- sisted of the following ( in thousands ) : .
||2010|2009|
|due from joint ventures|$ 1062|$ 228|
|officers and employees|2014|153|
|other|5233|8189|
|related party receivables|$ 6295|$ 8570|
gramercy capital corp . see note a0 6 , 201cinvestment in unconsolidated joint ventures 2014gramercy capital corp. , 201d for disclosure on related party transactions between gramercy and the company . 13 2002equit y common stock our authorized capital stock consists of 260000000 shares , $ .01 par value , of which we have authorized the issuance of up to 160000000 shares of common stock , $ .01 par value per share , 75000000 shares of excess stock , $ .01 par value per share , and 25000000 shares of preferred stock , $ .01 par value per share . as of december a031 , 2010 , 78306702 shares of common stock and no shares of excess stock were issued and outstanding . in may 2009 , we sold 19550000 shares of our common stock at a gross price of $ 20.75 per share . the net proceeds from this offer- ing ( approximately $ 387.1 a0 million ) were primarily used to repurchase unsecured debt . perpetual preferred stock in january 2010 , we sold 5400000 shares of our series a0c preferred stock in an underwritten public offering . as a result of this offering , we have 11700000 shares of the series a0 c preferred stock outstanding . the shares of series a0c preferred stock have a liquidation preference of $ 25.00 per share and are redeemable at par , plus accrued and unpaid dividends , at any time at our option . the shares were priced at $ 23.53 per share including accrued dividends equating to a yield of 8.101% ( 8.101 % ) . we used the net offering proceeds of approximately $ 122.0 a0million for gen- eral corporate and/or working capital purposes , including purchases of the indebtedness of our subsidiaries and investment opportunities . in december 2003 , we sold 6300000 shares of our 7.625% ( 7.625 % ) series a0 c preferred stock , ( including the underwriters 2019 over-allotment option of 700000 shares ) with a mandatory liquidation preference of $ 25.00 per share . net proceeds from this offering ( approximately $ 152.0 a0 million ) were used principally to repay amounts outstanding under our secured and unsecured revolving credit facilities . the series a0c preferred stockholders receive annual dividends of $ 1.90625 per share paid on a quarterly basis and dividends are cumulative , subject to cer- tain provisions . since december a0 12 , 2008 , we have been entitled to redeem the series a0c preferred stock at par for cash at our option . the series a0c preferred stock was recorded net of underwriters discount and issuance costs . 12 2002related part y transactions cleaning/securit y/messenger and restoration services through al l iance bui lding services , or al l iance , first qual i t y maintenance , a0l.p. , or first quality , provides cleaning , extermination and related services , classic security a0llc provides security services , bright star couriers a0llc provides messenger services , and onyx restoration works provides restoration services with respect to certain proper- ties owned by us . alliance is partially owned by gary green , a son of stephen a0l . green , the chairman of our board of directors . in addition , first quality has the non-exclusive opportunity to provide cleaning and related services to individual tenants at our properties on a basis sepa- rately negotiated with any tenant seeking such additional services . the service corp . has entered into an arrangement with alliance whereby it will receive a profit participation above a certain threshold for services provided by alliance to certain tenants at certain buildings above the base services specified in their lease agreements . alliance paid the service corporation approximately $ 2.2 a0million , $ 1.8 a0million and $ 1.4 a0million for the years ended december a031 , 2010 , 2009 and 2008 , respectively . we paid alliance approximately $ 14.2 a0million , $ 14.9 a0million and $ 15.1 a0million for three years ended december a031 , 2010 , respectively , for these ser- vices ( excluding services provided directly to tenants ) . leases nancy peck and company leases 1003 square feet of space at 420 lexington avenue under a lease that ends in august 2015 . nancy peck and company is owned by nancy peck , the wife of stephen a0l . green . the rent due pursuant to the lease is $ 35516 per annum for year one increas- ing to $ 40000 in year seven . from february 2007 through december 2008 , nancy peck and company leased 507 square feet of space at 420 a0 lexington avenue pursuant to a lease which provided for annual rental payments of approximately $ 15210 . brokerage services cushman a0 & wakefield sonnenblick-goldman , a0 llc , or sonnenblick , a nationally recognized real estate investment banking firm , provided mortgage brokerage services to us . mr . a0 morton holliday , the father of mr . a0 marc holliday , was a managing director of sonnenblick at the time of the financings . in 2009 , we paid approximately $ 428000 to sonnenblick in connection with the purchase of a sub-leasehold interest and the refinancing of 420 lexington avenue . management fees s.l . green management corp. , a consolidated entity , receives property management fees from an entity in which stephen a0l . green owns an inter- est . the aggregate amount of fees paid to s.l . green management corp . from such entity was approximately $ 390700 in 2010 , $ 351700 in 2009 and $ 353500 in 2008 . notes to consolidated financial statements .
Question: what was the average related party receivables from 2009 to 2010
Answer:
|
7433.5
|
what was the average related party receivables from 2009 to 2010
|
{
"options": {
"A": "8570",
"B": "7433.5",
"C": "6295",
"D": "8189"
},
"goldenKey": "B"
}
|
{
"A": "8570",
"B": "7433.5",
"C": "6295",
"D": "8189"
}
|
B
|
finqa2480
|
Please answer the given financial question based on the context.
Context: air mobility sales declined by $ 535 million primarily due to c-130j deliveries ( 12 in 2006 compared to 15 in 2005 ) and lower volume on the c-5 program . combat aircraft sales increased by $ 292 million mainly due to higher f-35 and f-22 volume , partially offset by reduced volume on f-16 programs . other aeronautics programs sales increased by $ 83 million primarily due to higher volume in sustainment services activities . operating profit for the segment increased 21% ( 21 % ) in 2007 compared to 2006 . operating profit increases in combat aircraft more than offset decreases in other aeronautics programs and air mobility . combat aircraft operating profit increased $ 326 million mainly due to improved performance on f-22 and f-16 programs . air mobility and other aeronautics programs declined $ 77 million due to lower operating profit in support and sustainment activities . operating profit for the segment increased 20% ( 20 % ) in 2006 compared to 2005 . operating profit increased in both combat aircraft and air mobility . combat aircraft increased $ 114 million , mainly due to higher volume on the f-35 and f-22 programs , and improved performance on f-16 programs . the improvement for the year was also attributable in part to the fact that in 2005 , operating profit included a reduction in earnings on the f-35 program . air mobility operating profit increased $ 84 million , mainly due to improved performance on c-130j sustainment activities in 2006 . backlog decreased in 2007 as compared to 2006 primarily as a result of sales volume on the f-35 program . this decrease was offset partially by increased orders on the f-22 and c-130j programs . electronic systems electronic systems 2019 operating results included the following : ( in millions ) 2007 2006 2005 .
|( in millions )|2007|2006|2005|
|net sales|$ 11143|$ 10519|$ 9811|
|operating profit|1410|1264|1078|
|backlog at year-end|21200|19700|18600|
net sales for electronic systems increased by 6% ( 6 % ) in 2007 compared to 2006 . sales increased in missiles & fire control ( m&fc ) , maritime systems & sensors ( ms2 ) , and platform , training & energy ( pt&e ) . m&fc sales increased $ 258 million mainly due to higher volume in fire control systems and air defense programs , which more than offset declines in tactical missile programs . ms2 sales grew $ 254 million due to volume increases in undersea and radar systems activities that were offset partially by decreases in surface systems activities . pt&e sales increased $ 113 million , primarily due to higher volume in platform integration activities , which more than offset declines in distribution technology activities . net sales for electronic systems increased by 7% ( 7 % ) in 2006 compared to 2005 . higher volume in platform integration activities led to increased sales of $ 329 million at pt&e . ms2 sales increased $ 267 million primarily due to surface systems activities . air defense programs contributed to increased sales of $ 118 million at m&fc . operating profit for the segment increased by 12% ( 12 % ) in 2007 compared to 2006 , representing an increase in all three lines of business during the year . operating profit increased $ 70 million at pt&e primarily due to higher volume and improved performance on platform integration activities . ms2 operating profit increased $ 32 million due to higher volume on undersea and tactical systems activities that more than offset lower volume on surface systems activities . at m&fc , operating profit increased $ 32 million due to higher volume in fire control systems and improved performance in tactical missile programs , which partially were offset by performance on certain international air defense programs in 2006 . operating profit for the segment increased by 17% ( 17 % ) in 2006 compared to 2005 . operating profit increased by $ 74 million at ms2 mainly due to higher volume on surface systems and undersea programs . pt&e operating profit increased $ 61 million mainly due to improved performance on distribution technology activities . higher volume on air defense programs contributed to a $ 52 million increase in operating profit at m&fc . the increase in backlog during 2007 over 2006 resulted primarily from increased orders for certain tactical missile programs and fire control systems at m&fc and platform integration programs at pt&e. .
Question: what was the average operating profit from 2005 to 2007
Answer:
|
1250.66667
|
what was the average operating profit from 2005 to 2007
|
{
"options": {
"A": "1078",
"B": "1264",
"C": "1410",
"D": "1250.66667"
},
"goldenKey": "D"
}
|
{
"A": "1078",
"B": "1264",
"C": "1410",
"D": "1250.66667"
}
|
D
|
finqa2481
|
Please answer the given financial question based on the context.
Context: operating profit for the segment increased 10% ( 10 % ) in 2009 compared to 2008 . the growth in operating profit primarily was due to increases in air mobility and other aeronautics programs . the $ 70 million increase in air mobility 2019s operating profit primarily was due to the higher volume on c-130j deliveries and c-130 support programs . in other aeronautics programs , operating profit increased $ 120 million , which mainly was attributable to improved performance in sustainment activities and higher volume on p-3 programs . additionally , the increase in operating profit included the favorable restructuring of a p-3 modification contract in 2009 . combat aircraft 2019s operating profit decreased $ 22 million during the year primarily due to a reduction in the level of favorable performance adjustments on f-16 programs in 2009 compared to 2008 and lower volume on other combat aircraft programs . these decreases more than offset increased operating profit resulting from higher volume and improved performance on the f-35 program and an increase in the level of favorable performance adjustments on the f-22 program in 2009 compared to 2008 . the remaining change in operating profit is attributable to a decrease in other income , net , between the comparable periods . backlog increased in 2010 compared to 2009 mainly due to orders exceeding sales on the c-130j , f-35 and c-5 programs , which partially were offset by higher sales volume compared to new orders on the f-22 program in 2010 . backlog decreased in 2009 compared to 2008 mainly due to sales exceeding orders on the f-22 and f-35 programs , which partially were offset by orders exceeding sales on the c-130j and c-5 programs . we expect aeronautics will have sales growth in the upper single digit percentage range for 2011 as compared to 2010 . this increase primarily is driven by growth on f-35 low rate initial production ( lrip ) contracts , c-130j and c-5 rerp programs that will more than offset a decline on the f-22 program . operating profit is projected to increase at a mid single digit percentage rate above 2010 levels , resulting in a decline in operating margins between the years . similar to the relationship of operating margins from 2009 to 2010 discussed above , the expected operating margin decrease from 2010 to 2011 reflects the trend of aeronautics performing more development and initial production work on the f-35 program and is performing less work on more mature programs such as the f-22 and f-16 , even though sales are expected to increase in 2011 relative to 2010 . electronic systems our electronic systems business segment manages complex programs and designs , develops , produces , and integrates hardware and software solutions to ensure the mission readiness of armed forces and government agencies worldwide . the segment 2019s three lines of business are mission systems & sensors ( ms2 ) , missiles & fire control ( m&fc ) , and global training & logistics ( gt&l ) . with such a broad portfolio of programs to provide products and services , many of its activities involve a combination of both development and production contracts with varying delivery schedules . some of its more significant programs , including the thaad system , the aegis weapon system , and the littoral combat ship program , demonstrate the diverse products and services electronic systems provides . electronic systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 .
|( in millions )|2010|2009|2008|
|net sales|$ 14363|$ 13532|$ 12803|
|operating profit|1712|1660|1583|
|operating margin|11.9% ( 11.9 % )|12.3% ( 12.3 % )|12.4% ( 12.4 % )|
|backlog at year-end|23200|23100|23500|
net sales for electronic systems increased by 6% ( 6 % ) in 2010 compared to 2009 . sales increased in all three lines of business during the year . the $ 421 million increase at gt&l primarily was due to growth on readiness and stability operations , which partially was offset by lower volume on simulation & training programs . the $ 316 million increase at m&fc primarily was due to higher volume on tactical missile and air defense programs , which partially was offset by a decline in volume on fire control systems . the $ 94 million increase at ms2 mainly was due to higher volume on surface naval warfare , ship & aviation systems , and radar systems programs , which partially was offset by lower volume on undersea warfare programs . net sales for electronic systems increased by 6% ( 6 % ) in 2009 compared to 2008 . sales increases in m&fc and gt&l more than offset a decline in ms2 . the $ 429 million increase in sales at m&fc primarily was due to growth on tactical missile programs and fire control systems . the $ 355 million increase at gt&l primarily was due to growth on simulation and training activities and readiness and stability operations . the increase in simulation and training also included sales from the first quarter 2009 acquisition of universal systems and technology , inc . the $ 55 million decrease at ms2 mainly was due to lower volume on ship & aviation systems and undersea warfare programs , which partially were offset by higher volume on radar systems and surface naval warfare programs. .
Question: what is the growth rate in the net sales from 2008 to 2009?
Answer:
|
0.05694
|
what is the growth rate in the net sales from 2008 to 2009?
|
{
"options": {
"A": "5.69%",
"B": "5.69",
"C": "0.0569",
"D": "0.05694"
},
"goldenKey": "D"
}
|
{
"A": "5.69%",
"B": "5.69",
"C": "0.0569",
"D": "0.05694"
}
|
D
|
finqa2482
|
Please answer the given financial question based on the context.
Context: "distribution date" ) . until the distribution date ( or earlier redemption or expiration of the rights ) , the rights will be traded with , and only with , the common stock . until a right is exercised , the right will not entitle the holder thereof to any rights as a stockholder . if any person or group becomes an acquiring person , each holder of a right , other than rights beneficially owned by the acquiring person , will thereafter have the right to receive upon exercise and payment of the purchase price that number of shares of common stock having a market value of two times the purchase price and , if the company is acquired in a business combination transaction or 50% ( 50 % ) or more of its assets are sold , each holder of a right will thereafter have the right to receive upon exercise and payment of the purchase price that number of shares of common stock of the acquiring company which at the time of the transaction will have a market value of two times the purchase price . at any time after any person becomes an acquiring person and prior to the acquisition by such person or group of 50% ( 50 % ) or more of the outstanding common stock , the board of directors of the company may cause the rights ( other than rights owned by such person or group ) to be exchanged , in whole or in part , for common stock or junior preferred shares , at an exchange rate of one share of common stock per right or one half of one-hundredth of a junior preferred share per right . at any time prior to the acquisition by a person or group of beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock , the board of directors of the company may redeem the rights at a price of $ 0.01 per right . the rights have certain anti-takeover effects , in that they will cause substantial dilution to a person or group that attempts to acquire a significant interest in vertex on terms not approved by the board of directors . common stock reserved for future issuance at december 31 , 2005 , the company has reserved shares of common stock for future issuance under all equity compensation plans as follows ( shares in thousands ) : o . significant revenue arrangements the company has formed strategic collaborations with pharmaceutical companies and other organizations in the areas of drug discovery , development , and commercialization . research , development and commercialization agreements provide the company with financial support and other valuable resources for its research programs and for the development of clinical drug candidates , and the marketing and sales of products . collaborative research , development and commercialization agreements in the company's collaborative research , development and commercialization programs the company seeks to discover , develop and commercialize pharmaceutical products in conjunction with and supported by the company's collaborators . collaborative research and development arrangements may provide research funding over an initial contract period with renewal and termination options that .
|common stock under stock and option plans|17739|
|common stock under the vertex purchase plan|842|
|common stock under the vertex 401 ( k ) plan|270|
|total|18851|
.
Question: what percent of the total common stock is under the vertex purchase plan?
Answer:
|
0.04467
|
what percent of the total common stock is under the vertex purchase plan?
|
{
"options": {
"A": "0.04467%",
"B": "0.04467",
"C": "4.467%",
"D": "4.467"
},
"goldenKey": "A"
}
|
{
"A": "0.04467%",
"B": "0.04467",
"C": "4.467%",
"D": "4.467"
}
|
A
|
finqa2483
|
Please answer the given financial question based on the context.
Context: recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees . 2022 professional fees and outside services expense decreased in 2017 compared to 2016 , largely due to higher legal and regulatory fees in 2016 related to our business activities and product offerings as well as higher professional fees related to a greater reliance on consultants for security and systems enhancement work . the overall decrease in operating expenses in 2017 when compared with 2016 was partially offset by the following increases : 2022 licensing and other fee sharing agreements expense increased due to higher expense resulting from incentive payments made to facilitate the transition of the russell contract open interest , as well as increased costs of revenue sharing agreements for certain licensed products . the overall increase in 2017 was partially offset by lower expense related to revenue sharing agreements for certain equity and energy contracts due to lower volume for these products compared to 2016 . 2022 compensation and benefits expense increased as a result of higher average headcount primarily in our international locations as well as normal cost of living adjustments . 2016 compared with 2015 operating expenses increased by $ 54.4 million in 2016 when compared with 2015 . the following table shows the estimated impact of key factors resulting in the net decrease in operating expenses . ( dollars in millions ) over-year change change as a percentage of 2015 expenses .
|( dollars in millions )|year-over-yearchange|change as apercentage of2015 expenses|
|loss on datacenter and related legal fees|$ 28.6|2% ( 2 % )|
|professional fees and outside services|24.4|2|
|foreign currency exchange rate fluctuation|13.2|1|
|licensing and other fee agreements|12.0|1|
|reorganization severance and retirement costs|-8.1 ( 8.1 )|-1 ( 1 )|
|real estate taxes and fees|-10.0 ( 10.0 )|-1 ( 1 )|
|other expenses net|-5.7 ( 5.7 )|2014|
|total|$ 54.4|4% ( 4 % )|
overall operating expenses increased in 2016 when compared with 2015 due to the following reasons : 2022 in 2016 , we recognized total losses and expenses of $ 28.6 million , including a net loss on write-down to fair value of the assets and certain other transaction fees of $ 27.1 million within other expenses and $ 1.5 million of legal and other fees as a result of our sale and leaseback of our datacenter . 2022 professional fees and outside services expense increased in 2016 largely due to an increase in legal and regulatory efforts related to our business activities and product offerings as well as an increase in professional fees related to a greater reliance on consultants for security and systems enhancement work . 2022 in 2016 , we recognized a net loss of $ 24.5 million due to an unfavorable change in exchange rates on foreign cash balances , compared with a net loss of $ 11.3 million in 2015 . 2022 licensing and other fee sharing agreements expense increased due to higher expense related to revenue sharing agreements for certain equity and energy contracts due to both higher volume and an increase in license rates for certain equity and energy products. .
Question: the loss on datacenter and related legal fees are how much of the total year over year change in expenses?
Answer:
|
0.52574
|
the loss on datacenter and related legal fees are how much of the total year over year change in expenses?
|
{
"options": {
"A": "2%",
"B": "4%",
"C": "1%",
"D": "0.52574"
},
"goldenKey": "D"
}
|
{
"A": "2%",
"B": "4%",
"C": "1%",
"D": "0.52574"
}
|
D
|
finqa2484
|
Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . the company 2019s common stock is listed on the new york stock exchange where it trades under the symbol aa . the company 2019s quarterly high and low trading stock prices and dividends per common share for 2015 and 2014 are shown below. .
|quarter|2015 high|2015 low|2015 dividend|2015 high|2015 low|dividend|
|first|$ 17.10|$ 12.65|$ 0.03|$ 12.97|$ 9.82|$ 0.03|
|second|14.29|11.15|0.03|15.18|12.34|0.03|
|third|11.23|7.97|0.03|17.36|14.56|0.03|
|fourth|11.18|7.81|0.03|17.75|13.71|0.03|
|year|17.10|7.81|$ 0.12|17.75|9.82|$ 0.12|
the number of holders of record of common stock was approximately 10101 as of february 11 , 2016. .
Question: considering the fourth quarter , what is the variation between the low trading stock prices during 2014 and 2015?
Answer:
|
5.9
|
considering the fourth quarter , what is the variation between the low trading stock prices during 2014 and 2015?
|
{
"options": {
"A": "5.9",
"B": "4.9",
"C": "6.9",
"D": "7.9"
},
"goldenKey": "A"
}
|
{
"A": "5.9",
"B": "4.9",
"C": "6.9",
"D": "7.9"
}
|
A
|
finqa2486
|
Please answer the given financial question based on the context.
Context: table of contents our certificate of incorporation and bylaws include anti-takeover provisions that may make it difficult for another company to acquire control of us or limit the price investors might be willing to pay for our stock . certain provisions of our certificate of incorporation and bylaws could delay the removal of incumbent directors and could make it more difficult to successfully complete a merger , tender offer , or proxy contest involving us . our certificate of incorporation has provisions that give our board the ability to issue preferred stock and determine the rights and designations of the preferred stock at any time without stockholder approval . the rights of the holders of our common stock will be subject to , and may be adversely affected by , the rights of the holders of any preferred stock that may be issued in the future . the issuance of preferred stock , while providing flexibility in connection with possible acquisitions and other corporate purposes , could have the effect of making it more difficult for a third party to acquire , or of discouraging a third party from acquiring , a majority of our outstanding voting stock . in addition , the staggered terms of our board of directors could have the effect of delaying or deferring a change in control . in addition , certain provisions of the delaware general corporation law ( dgcl ) , including section 203 of the dgcl , may have the effect of delaying or preventing changes in the control or management of illumina . section 203 of the dgcl provides , with certain exceptions , for waiting periods applicable to business combinations with stockholders owning at least 15% ( 15 % ) and less than 85% ( 85 % ) of the voting stock ( exclusive of stock held by directors , officers , and employee plans ) of a company . the above factors may have the effect of deterring hostile takeovers or otherwise delaying or preventing changes in the control or management of illumina , including transactions in which our stockholders might otherwise receive a premium over the fair market value of our common stock . item 1b . unresolved staff comments . item 2 . properties . the following table summarizes the facilities we leased as of december 30 , 2018 , including the location and size of each principal facility , and their designated use . we believe our facilities are adequate for our current and near-term needs , and we will be able to locate additional facilities , as needed . location approximate square feet operation expiration dates .
|location|approximate square feet|operation|leaseexpiration dates|
|san diego ca|1195000|r&d manufacturing warehouse distribution and administrative|2019 2013 2031|
|san francisco bay area ca|501000|r&d manufacturing warehouse and administrative|2020 2013 2033|
|singapore|395000|r&d manufacturing warehouse distribution and administrative|2020 2013 2025|
|cambridge united kingdom|263000|r&d manufacturing and administrative|2019 2013 2039|
|madison wi|205000|r&d manufacturing warehouse distribution and administrative|2019 2013 2033|
|eindhoven the netherlands|42000|distribution and administrative|2020|
|other*|86000|administrative|2019 2013 2023|
________________ *excludes approximately 48000 square feet for which the leases do not commence until 2019 and beyond . item 3 . legal proceedings . see discussion of legal proceedings in note 201c7 . legal proceedings 201d in part ii , item 8 of this report , which is incorporated by reference herein . item 4 . mine safety disclosures . not applicable. .
Question: as of december 30 , 2018 what was the ratio of the approximate square feet operation leased in san francisco bay area ca to singapore
Answer:
|
1.26835
|
as of december 30 , 2018 what was the ratio of the approximate square feet operation leased in san francisco bay area ca to singapore
|
{
"options": {
"A": "1.26835",
"B": "0.39698",
"C": "3.17694",
"D": "0.79047"
},
"goldenKey": "A"
}
|
{
"A": "1.26835",
"B": "0.39698",
"C": "3.17694",
"D": "0.79047"
}
|
A
|
finqa2487
|
Please answer the given financial question based on the context.
Context: 2022 reed city , michigan 2022 chanhassen , minnesota 2013 bakeries & foodservice segment 2022 hannibal , missouri 2022 joplin , missouri 2013 bakeries & foodservice segment 2022 vineland , new jersey 2022 albuquerque , new mexico 2022 buffalo , new york 2022 martel , ohio 2013 bakeries & foodservice segment 2022 wellston , ohio 2022 murfreesboro , tennessee 2022 milwaukee , wisconsin we own flour mills at eight locations : vallejo , california ( not currently operating ) ; vernon , california ; avon , iowa ; minneapolis , minnesota ( 2 ) ; kansas city , missouri ; great falls , montana ; and buffalo , new york . we also operate six terminal grain elevators ( in minnesota and wisconsin , two of which are leased ) , and have country grain elevators in seven locations ( primarily in idaho ) , plus additional seasonal elevators ( primarily in idaho ) . we also own or lease warehouse space aggregating approximately 12.2 million square feet , of which approxi- mately 9.6 million square feet are leased . we lease a number of sales and administrative offices in the united states , canada and elsewhere around the world , totaling approxi- mately 2.8 million square feet . item 3 legal proceedings we are the subject of various pending or threatened legal actions in the ordinary course of our business . all such matters are subject to many uncertainties and outcomes that are not predictable with assurance . in our manage- ment 2019s opinion , there were no claims or litigation pending as of may 28 , 2006 , that are reasonably likely to have a material adverse effect on our consolidated financial posi- tion or results of operations . item 4 submission of matters to a vote of security holders part ii item 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange . on july 14 , 2006 , there were approximately 34675 record holders of our common stock . information regarding the market prices for our common stock and dividend payments for the two most recent fiscal years is set forth in note eighteen to the consolidated financial statements on page 53 in item eight of this report . infor- mation regarding restrictions on our ability to pay dividends in certain situations is set forth in note eight to the consol- idated financial statements on pages 43 and 44 in item eight of this report . the following table sets forth information with respect to shares of our common stock that we purchased during the three fiscal months ended may 28 , 2006 : issuer purchases of equity securities period number of shares purchased ( a ) average price paid per share total number of shares purchased as part of a publicly announced program maximum number of shares that may yet be purchased under the program ( b ) february 27 , 2006 through april 2 , 2006 111772 $ 49.55 2013 2013 april 3 , 2006 through april 30 , 2006 445466 $ 49.06 2013 2013 may 1 , 2006 through may 28 , 2006 1182100 $ 49.79 2013 2013 .
|period|totalnumberof sharespurchased ( a )|averageprice paidper share|total numberof sharespurchased aspart of apubliclyannouncedprogram|maximumnumberof sharesthat may yetbe purchasedundertheprogram ( b )|
|february 27 2006 through april 2 2006|111772|$ 49.55|2013|2013|
|april 3 2006 through april 30 2006|445466|$ 49.06|2013|2013|
|may 1 2006 through may 28 2006|1182100|$ 49.79|2013|2013|
|total|1739338|$ 49.59|2013|2013|
( a ) the total number of shares purchased includes : ( i ) 231500 shares purchased from the esop fund of our 401 ( k ) savings plan ; ( ii ) 8338 shares of restricted stock withheld for the payment of with- holding taxes upon vesting of restricted stock ; and ( iii ) 1499500 shares purchased in the open market . ( b ) on february 21 , 2000 , we announced that our board of directors autho- rized us to repurchase up to 170 million shares of our common stock to be held in our treasury . the board did not specify a time period or an expiration date for the authorization. .
Question: what percentage of repurchased stock was purchased in the open market?
Answer:
|
0.86211
|
what percentage of repurchased stock was purchased in the open market?
|
{
"options": {
"A": "0.86211%",
"B": "8.6211%",
"C": "86.211%",
"D": "862.11%"
},
"goldenKey": "A"
}
|
{
"A": "0.86211%",
"B": "8.6211%",
"C": "86.211%",
"D": "862.11%"
}
|
A
|
finqa2488
|
Please answer the given financial question based on the context.
Context: .
|contractual obligations|payments due by period ( in thousands ) total|payments due by period ( in thousands ) 2017|payments due by period ( in thousands ) 2018|payments due by period ( in thousands ) 2019|payments due by period ( in thousands ) 2020|payments due by period ( in thousands ) 2021|payments due by period ( in thousands ) thereafter|
|long-term debt ( 1 )|$ 3508789|$ 203244|$ 409257|$ 366456|$ 461309|$ 329339|$ 1739184|
|line of credit ( 2 )|56127|2650|2650|2650|48177|2014|2014|
|share of unconsolidated joint ventures' debt ( 3 )|91235|2444|28466|5737|11598|1236|41754|
|ground leases|311120|10745|5721|5758|5793|5822|277281|
|development and construction backlog costs ( 4 )|344700|331553|13147|2014|2014|2014|2014|
|other|43357|7502|7342|5801|4326|3906|14480|
|total contractual obligations|$ 4355328|$ 558138|$ 466583|$ 386402|$ 531203|$ 340303|$ 2072699|
( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest . interest payments for variable rate debt were calculated using the interest rates as of december 31 , 2016 . repayment of our $ 250.0 million variable rate term note , which has a contractual maturity date in january 2019 , is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion . ( 2 ) our unsecured line of credit has a contractual maturity date in january 2019 , but is reflected as a 2020 obligation in the table above based on the ability to exercise a one-year extension , which we may exercise at our discretion . interest payments for our unsecured line of credit were calculated using the most recent stated interest rate that was in effect.ff ( 3 ) our share of unconsolidated joint venture debt includes both principal and interest . interest expense for variable rate debt was calculated using the interest rate at december 31 , 2016 . ( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects . related party y transactionstt we provide property and asset management , leasing , construction and other tenant-related services to ww unconsolidated companies in which we have equity interests . for the years ended december 31 , 2016 , 2015 and 2014 we earned management fees of $ 4.5 million , $ 6.8 million and $ 8.5 million , leasing fees of $ 2.4 million , $ 3.0 million and $ 3.4 million and construction and development fees of $ 8.0 million , $ 6.1 million and $ 5.8 million , respectively , from these companies , prior to elimination of our ownership percentage . yy we recorded these fees based ww on contractual terms that approximate market rates for these types of services and have eliminated our ownership percentages of these fees in the consolidated financial statements . commitments and contingenciesg the partnership has guaranteed the repayment of $ 32.9 million of economic development bonds issued by various municipalities in connection with certain commercial developments . we will be required to make payments under ww our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond ff debt service . management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees . the partnership also has guaranteed the repayment of an unsecured loan of one of our unconsolidated subsidiaries . at december 31 , 2016 , the maximum guarantee exposure for this loan was approximately $ 52.1 million . we lease certain land positions with terms extending toww march 2114 , with a total future payment obligation of $ 311.1 million . the payments on these ground leases , which are classified as operating leases , are not material in any individual year . in addition to ground leases , we are party to other operating leases as part of conducting our business , including leases of office space from third parties , with a total future payment obligation of ff $ 43.4 million at december 31 , 2016 . no future payments on these leases are material in any individual year . we are subject to various legal proceedings and claims that arise in the ordinary course of business . in the opinion ww of management , the amount of any ultimate liability with respect to these actions is not expected to materially affect ff our consolidated financial statements or results of operations . we own certain parcels of land that are subject to special property tax assessments levied by quasi municipalww entities . to the extent that such special assessments are fixed and determinable , the discounted value of the fulltt .
Question: what was the percent of the total contractual obligations that was associated with long-term debt that was due in 2017
Answer:
|
0.05792
|
what was the percent of the total contractual obligations that was associated with long-term debt that was due in 2017
|
{
"options": {
"A": "0.05792",
"B": "0.04658",
"C": "0.06234",
"D": "0.03976"
},
"goldenKey": "A"
}
|
{
"A": "0.05792",
"B": "0.04658",
"C": "0.06234",
"D": "0.03976"
}
|
A
|
finqa2489
|
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 ) as of december 31 , 2006 , there was $ 8330000 of total unrecognized compensation costs related to the restricted stock awards . the company expects to recognize the cost of these stock awards over a weighted-average period of 2.5 years . 5 . accrued liabilities the components of accrued liabilities are as follows: .
|( in thousands )|december 31 , 2006|december 31 , 2005|
|bonuses and incentives|$ 29822|$ 21895|
|medical insurance and workers 2019 compensation|18279|18339|
|vacation and holiday pay|14742|14159|
|customer volume discounts and rebates|13777|13232|
|franchise and property taxes|8432|8539|
|payroll and payroll taxes|5465|4772|
|other|9913|5889|
|total|$ 100430|$ 86825|
6 . employee benefit plans and other postretirement benefits in connection with the acquisition from pactiv , pca and pactiv entered into a human resources agreement which , among other items , granted pca employees continued participation in the pactiv pension plan for a period of up to five years following the closing of the acquisition for an agreed upon fee . effective january 1 , 2003 , pca adopted a mirror-image pension plan for eligible hourly employees to succeed the pactiv pension plan in which pca hourly employees had participated though december 31 , 2002 . the pca pension plan for hourly employees recognizes service earned under both the pca plan and the prior pactiv plan . benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through december 31 , 2002 . all assets and liabilities associated with benefits earned through december 31 , 2002 for hourly employees and retirees of pca were retained by the pactiv plan . effective may 1 , 2004 , pca adopted a grandfathered pension plan for certain salaried employees who had previously participated in the pactiv pension plan pursuant to the above mentioned human resource agreement . the benefit formula for the new pca pension plan for salaried employees is comparable to that of the pactiv plan except that the pca plan uses career average base pay in the benefit formula in lieu of final average base pay . the pca pension plan for salaried employees recognizes service earned under both the pca plan and the prior pactiv plan . benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through april 30 , 2004 . all assets and liabilities associated with benefits earned through april 30 , 2004 for salaried employees and retirees of pca were retained by the pactiv plan . pca maintains a supplemental executive retirement plan ( 201cserp 201d ) , which augments pension benefits for eligible executives ( excluding the ceo ) earned under the pca pension plan for salaried employees . benefits are determined using the same formula as the pca pension plan but in addition to counting .
Question: what was the percentage change in bonuses and incentives from 2005 to 2006?
Answer:
|
0.36205
|
what was the percentage change in bonuses and incentives from 2005 to 2006?
|
{
"options": {
"A": "0.36205%",
"B": "3.6205%",
"C": "36.205%",
"D": "362.05%"
},
"goldenKey": "A"
}
|
{
"A": "0.36205%",
"B": "3.6205%",
"C": "36.205%",
"D": "362.05%"
}
|
A
|
finqa2490
|
Please answer the given financial question based on the context.
Context: executive deferred compensation plan for the company 2019s executives and members of the board of directors , the company adopted the illumina , inc . deferred compensation plan ( the plan ) that became effective january 1 , 2008 . eligible participants can contribute up to 80% ( 80 % ) of their base salary and 100% ( 100 % ) of all other forms of compensation into the plan , including bonus , commission and director fees . the company has agreed to credit the participants 2019 contributions with earnings that reflect the performance of certain independent investment funds . on a discretionary basis , the company may also make employer contributions to participant accounts in any amount determined by the company . the vesting schedules of employer contributions are at the sole discretion of the compensation committee . however , all employer contributions shall become 100% ( 100 % ) vested upon the occurrence of the participant 2019s disability , death or retirement or a change in control of the company . the benefits under this plan are unsecured . participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment with the company for any reason or at a later date to comply with the restrictions of section 409a . as of december 28 , 2008 , no employer contributions were made to the plan . in january 2008 , the company also established a rabbi trust for the benefit of its directors and executives under the plan . in accordance with fasb interpretation ( fin ) no . 46 , consolidation of variable interest entities , an interpretation of arb no . 51 , and eitf 97-14 , accounting for deferred compensation arrangements where amounts earned are held in a rabbi trust and invested , the company has included the assets of the rabbi trust in its consolidated balance sheet since the trust 2019s inception . as of december 28 , 2008 , the assets of the trust and liabilities of the company were $ 1.3 million . the assets and liabilities are classified as other assets and accrued liabilities , respectively , on the company 2019s balance sheet as of december 28 , 2008 . changes in the values of the assets held by the rabbi trust accrue to the company . 14 . segment information , geographic data and significant customers during the first quarter of 2008 , the company reorganized its operating structure into a newly created life sciences business unit , which includes all products and services related to the research market , namely the beadarray , beadxpress and sequencing product lines . the company also created a diagnostics business unit to focus on the emerging opportunity in molecular diagnostics . for the year ended december 28 , 2008 , the company had limited activity related to the diagnostics business unit , and operating results were reported on an aggregate basis to the chief operating decision maker of the company , the chief executive officer . in accordance with sfas no . 131 , disclosures about segments of an enterprise and related information , the company operated in one reportable segment for the year ended december 28 , 2008 . the company had revenue in the following regions for the years ended december 28 , 2008 , december 30 , 2007 and december 31 , 2006 ( in thousands ) : year ended december 28 , year ended december 30 , year ended december 31 .
||year ended december 28 2008|year ended december 30 2007|year ended december 31 2006|
|united states|$ 280064|$ 207692|$ 103043|
|united kingdom|67973|34196|22840|
|other european countries|127397|75360|32600|
|asia-pacific|72740|35155|15070|
|other markets|25051|14396|11033|
|total|$ 573225|$ 366799|$ 184586|
net revenues are attributable to geographic areas based on the region of destination . illumina , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what percentage of total revenue in 2008 came from the united kingdom region?
Answer:
|
0.11858
|
what percentage of total revenue in 2008 came from the united kingdom region?
|
{
"options": {
"A": "0.11858%",
"B": "11.858%",
"C": "1.1858%",
"D": "118.58%"
},
"goldenKey": "A"
}
|
{
"A": "0.11858%",
"B": "11.858%",
"C": "1.1858%",
"D": "118.58%"
}
|
A
|
finqa2493
|
Please answer the given financial question based on the context.
Context: note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period . diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans . the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: .
|in millions|2018|2017|2016|
|weighted-average number of basic shares|95.0|95.1|95.8|
|shares issuable under incentive stock plans|0.7|0.9|1.1|
|weighted-average number of diluted shares|95.7|96.0|96.9|
at december 31 , 2018 , 0.1 million stock options were excluded from the computation of weighted-average diluted shares outstanding because the effect of including these shares would have been anti-dilutive . note 19 2013 net revenues net revenues are recognized based on the satisfaction of performance obligations under the terms of a contract . a performance obligation is a promise in a contract to transfer control of a distinct product or to provide a service , or a bundle of products or services , to a customer , and is the unit of account under asc 606 . the company has two principal revenue streams , tangible product sales and services . approximately 99% ( 99 % ) of consolidated net revenues involve contracts with a single performance obligation , which is the transfer of control of a product or bundle of products to a customer . transfer of control typically occurs when goods are shipped from the company's facilities or at other predetermined control transfer points ( for instance , destination terms ) . net revenues are measured as the amount of consideration expected to be received in exchange for transferring control of the products and takes into account variable consideration , such as sales incentive programs including discounts and volume rebates . the existence of these programs does not preclude revenue recognition but does require the company's best estimate of the variable consideration to be made based on expected activity , as these items are reserved for as a deduction to net revenues over time based on the company's historical rates of providing these incentives and annual forecasted sales volumes . the company also offers a standard warranty with most product sales and the value of such warranty is included in the contractual price . the corresponding cost of the warranty obligation is accrued as a liability ( see note 20 ) . the company's remaining net revenues involve services , including installation and consulting . unlike the single performance obligation to ship a product or bundle of products , the service revenue stream delays revenue recognition until the service performance obligations are satisfied . in some instances , customer acceptance provisions are included in sales arrangements to give the buyer the ability to ensure the service meets the criteria established in the order . in these instances , revenue recognition is deferred until the performance obligations are satisfied , which could include acceptance terms specified in the arrangement being fulfilled through customer acceptance or a demonstration that established criteria have been satisfied . during the year ended december 31 , 2018 , no adjustments related to performance obligations satisfied in previous periods were recorded . upon adoption of asc 606 , the company used the practical expedients to omit the disclosure of remaining performance obligations for contracts with an original expected duration of one year or less and for contracts where the company has the right to invoice for performance completed to date . the transaction price is not adjusted for the effects of a significant financing component , as the time period between control transfer of goods and services is less than one year . sales , value-added and other similar taxes collected by the company are excluded from net revenues . the company has also elected to account for shipping and handling activities that occur after control of the related goods transfers as fulfillment activities instead of performance obligations . these activities are included in cost of goods sold in the consolidated statements of comprehensive income . the company 2019s payment terms are generally consistent with the industries in which their businesses operate . the following table shows the company's net revenues for the years ended december 31 , based on the two principal revenue streams , tangible product sales and services , disaggregated by business segment . net revenues are shown by tangible product sales and services , as contract terms , conditions and economic factors affecting the nature , amount , timing and uncertainty around revenue recognition and cash flows are substantially similar within each of the two principal revenue streams: .
Question: considering the years 2017-2018 , what is the decrease observed in the weighted-average number of diluted shares?
Answer:
|
-0.3125
|
considering the years 2017-2018 , what is the decrease observed in the weighted-average number of diluted shares?
|
{
"options": {
"A": "-0.7",
"B": "-0.3",
"C": "-0.2",
"D": "-0.3125"
},
"goldenKey": "D"
}
|
{
"A": "-0.7",
"B": "-0.3",
"C": "-0.2",
"D": "-0.3125"
}
|
D
|
finqa2494
|
Please answer the given financial question based on the context.
Context: illumina , inc . notes to consolidated financial statements 2014 ( continued ) advertising costs the company expenses advertising costs as incurred . advertising costs were approximately $ 440000 for 2003 , $ 267000 for 2002 and $ 57000 for 2001 . income taxes a deferred income tax asset or liability is computed for the expected future impact of differences between the financial reporting and tax bases of assets and liabilities , as well as the expected future tax benefit to be derived from tax loss and credit carryforwards . deferred income tax expense is generally the net change during the year in the deferred income tax asset or liability . valuation allowances are established when realizability of deferred tax assets is uncertain . the effect of tax rate changes is reflected in tax expense during the period in which such changes are enacted . foreign currency translation the functional currencies of the company 2019s wholly owned subsidiaries are their respective local currencies . accordingly , all balance sheet accounts of these operations are translated to u.s . dollars using the exchange rates in effect at the balance sheet date , and revenues and expenses are translated using the average exchange rates in effect during the period . the gains and losses from foreign currency translation of these subsidiaries 2019 financial statements are recorded directly as a separate component of stockholders 2019 equity under the caption 2018 2018accumulated other comprehensive income . 2019 2019 stock-based compensation at december 28 , 2003 , the company has three stock-based employee and non-employee director compensation plans , which are described more fully in note 5 . as permitted by sfas no . 123 , accounting for stock-based compensation , the company accounts for common stock options granted , and restricted stock sold , to employees , founders and directors using the intrinsic value method and , thus , recognizes no compensation expense for options granted , or restricted stock sold , with exercise prices equal to or greater than the fair value of the company 2019s common stock on the date of the grant . the company has recorded deferred stock compensation related to certain stock options , and restricted stock , which were granted prior to the company 2019s initial public offering with exercise prices below estimated fair value ( see note 5 ) , which is being amortized on an accelerated amortiza- tion methodology in accordance with financial accounting standards board interpretation number ( 2018 2018fin 2019 2019 ) 28 . pro forma information regarding net loss is required by sfas no . 123 and has been determined as if the company had accounted for its employee stock options and employee stock purchases under the fair value method of that statement . the fair value for these options was estimated at the dates of grant using the fair value option pricing model ( black scholes ) with the following weighted-average assumptions for 2003 , 2002 and 2001 : year ended year ended year ended december 28 , december 29 , december 30 , 2003 2002 2001 weighted average risk-free interest rate******* 3.03% ( 3.03 % ) 3.73% ( 3.73 % ) 4.65% ( 4.65 % ) expected dividend yield********************* 0% ( 0 % ) 0% ( 0 % ) 0% ( 0 % ) weighted average volatility ****************** 103% ( 103 % ) 104% ( 104 % ) 119% ( 119 % ) estimated life ( in years ) ********************** 5 5 5 .
||year ended december 28 2003|year ended december 29 2002|year ended december 30 2001|
|weighted average risk-free interest rate|3.03% ( 3.03 % )|3.73% ( 3.73 % )|4.65% ( 4.65 % )|
|expected dividend yield|0% ( 0 % )|0% ( 0 % )|0% ( 0 % )|
|weighted average volatility|103% ( 103 % )|104% ( 104 % )|119% ( 119 % )|
|estimated life ( in years )|5|5|5|
|weighted average fair value of options granted|$ 3.31|$ 4.39|$ 7.51|
.
Question: what was the percent of the decline in the weighted average risk-free interest rate from 2002 to 2003
Answer:
|
-0.18767
|
what was the percent of the decline in the weighted average risk-free interest rate from 2002 to 2003
|
{
"options": {
"A": "-0.18767%",
"B": "0.18767%",
"C": "-18.767%",
"D": "18.767%"
},
"goldenKey": "A"
}
|
{
"A": "-0.18767%",
"B": "0.18767%",
"C": "-18.767%",
"D": "18.767%"
}
|
A
|
finqa2495
|
Please answer the given financial question based on the context.
Context: united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : .
||2013|2012|2011|
|net income|$ 4372|$ 807|$ 3804|
|non-cash operating activities ( a )|3318|7313|4578|
|pension and postretirement plan contributions ( ups-sponsored plans )|-212 ( 212 )|-917 ( 917 )|-1436 ( 1436 )|
|income tax receivables and payables|-155 ( 155 )|280|236|
|changes in working capital and other noncurrent assets and liabilities|121|-148 ( 148 )|-12 ( 12 )|
|other operating activities|-140 ( 140 )|-119 ( 119 )|-97 ( 97 )|
|net cash from operating activities|$ 7304|$ 7216|$ 7073|
( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2011 to 2013 time period . operating cash flow was favorably impacted in 2013 , compared with 2012 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by certain tnt express transaction-related charges , as well as changes in income tax receivables and payables . we paid a termination fee to tnt express of 20ac200 million ( $ 268 million ) under the agreement to terminate the merger protocol in the first quarter of 2013 . additionally , the cash payments for income taxes increased in 2013 compared with 2012 , and were impacted by the timing of current tax deductions . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2013 , we did not have any required , nor make any discretionary , contributions to our primary company-sponsored pension plans in the u.s . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 the remaining contributions in the 2011 through 2013 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2013 , the total of our worldwide holdings of cash and cash equivalents was $ 4.665 billion . approximately 45%-55% ( 45%-55 % ) of cash and cash equivalents was held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what was the percentage change in net cash from operating activities from 2011 to 2012?
Answer:
|
0.02022
|
what was the percentage change in net cash from operating activities from 2011 to 2012?
|
{
"options": {
"A": "0.02022",
"B": "0.002",
"C": "0.01",
"D": "0.1"
},
"goldenKey": "A"
}
|
{
"A": "0.02022",
"B": "0.002",
"C": "0.01",
"D": "0.1"
}
|
A
|
finqa2497
|
Please answer the given financial question based on the context.
Context: our initial estimate of fraud losses , fines and other charges on our understanding of the rules and operating regulations published by the networks and preliminary communications with the networks . we have now reached resolution with and made payments to the networks , resulting in charges that were less than our initial estimates . the primary difference between our initial estimates and the final charges relates to lower fraud related costs attributed to this event than previously expected . the following table reflects the activity in our accrual for fraud losses , fines and other charges for the twelve months ended may 31 , 2013 ( in thousands ) : .
|balance at may 31 2012|$ 67436|
|adjustments|-31781 ( 31781 )|
|subtotal|35655|
|payments|-35655 ( 35655 )|
|balance at may 31 2013|$ 2014|
we were insured under policies that provided coverage of certain costs associated with this event . the policies provided a total of $ 30.0 million in policy limits and contained various sub-limits of liability and other terms , conditions and limitations , including a $ 1.0 million deductible per claim . as of fiscal year 2013 , we received assessments from certain networks and submitted additional claims to the insurers and recorded $ 20.0 million in additional insurance recoveries based on our negotiations with our insurers . we will record receivables for any additional recoveries in the periods in which we determine such recovery is probable and the amount can be reasonably estimated . a class action arising out of the processing system intrusion was filed against us on april 4 , 2012 by natalie willingham ( individually and on behalf of a putative nationwide class ) ( the 201cplaintiff 201d ) . specifically , ms . willingham alleged that we failed to maintain reasonable and adequate procedures to protect her personally identifiable information ( 201cpii 201d ) which she claims resulted in two fraudulent charges on her credit card in march 2012 . further , ms . willingham asserted that we failed to timely notify the public of the data breach . based on these allegations , ms . willingham asserted claims for negligence , violation of the federal stored communications act , willful violation of the fair credit reporting act , negligent violation of the fair credit reporting act , violation of georgia 2019s unfair and deceptive trade practices act , negligence per se , breach of third-party beneficiary contract , and breach of implied contract . ms . willingham sought an unspecified amount of damages and injunctive relief . the lawsuit was filed in the united states district court for the northern district of georgia . on may 14 , 2012 , we filed a motion to dismiss . on july 11 , 2012 , plaintiff filed a motion for leave to amend her complaint , and on july 16 , 2012 , the court granted that motion . she then filed an amended complaint on july 16 , 2012 . the amended complaint did not add any new causes of action . instead , it added two new named plaintiffs ( nadine and robert hielscher ) ( together with plaintiff , the 201cplaintiffs 201d ) and dropped plaintiff 2019s claim for negligence per se . on august 16 , 2012 , we filed a motion to dismiss the plaintiffs 2019 amended complaint . the plaintiffs filed their response in opposition to our motion to dismiss on october 5 , 2012 , and we subsequently filed our reply brief on october 22 , 2012 . the magistrate judge issued a report and recommendation recommending dismissal of all of plaintiffs 2019 claims with prejudice . the plaintiffs subsequently agreed to voluntarily dismiss the lawsuit with prejudice , with each party bearing its own fees and costs . this was the only consideration exchanged by the parties in connection with plaintiffs 2019 voluntary dismissal with prejudice of the lawsuit . the lawsuit was dismissed with prejudice on march 6 , 2013 . note 3 2014settlement processing assets and obligations we are designated as a merchant service provider by mastercard and an independent sales organization by visa . these designations are dependent upon member clearing banks ( 201cmember 201d ) sponsoring us and our adherence to the standards of the networks . we have primary financial institution sponsors in the various markets where we facilitate payment transactions with whom we have sponsorship or depository and clearing agreements . these agreements allow us to route transactions under the member banks 2019 control and identification numbers to clear credit card transactions through mastercard and visa . in certain markets , we are members in various payment networks , allowing us to process and fund transactions without third-party sponsorship. .
Question: what percent of the balance was used on payments .
Answer:
|
0.52872
|
what percent of the balance was used on payments .
|
{
"options": {
"A": "0.31781",
"B": "0.52872",
"C": "0.67436",
"D": "0.35655"
},
"goldenKey": "B"
}
|
{
"A": "0.31781",
"B": "0.52872",
"C": "0.67436",
"D": "0.35655"
}
|
B
|
finqa2498
|
Please answer the given financial question based on the context.
Context: earnings were remitted as dividends after payment of all deferred taxes . as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates . a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: .
|unrecognized tax benefits|2013|2012|2011|
|balance at beginning of year|$ 110.8|$ 126.4|$ 197.8|
|additions for tax positions of the current year|12.7|44.5|16.3|
|additions for tax positions of prior years|9.0|2.3|5.7|
|reductions for tax positions of prior years|-.5 ( .5 )|-46.9 ( 46.9 )|-72.4 ( 72.4 )|
|settlements|-1.4 ( 1.4 )|-11.0 ( 11.0 )|-15.6 ( 15.6 )|
|statute of limitations expiration|-8.0 ( 8.0 )|-3.7 ( 3.7 )|-4.8 ( 4.8 )|
|foreign currency translation|1.7|-.8 ( .8 )|-.6 ( .6 )|
|balance at end of year|$ 124.3|$ 110.8|$ 126.4|
at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 . our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively . we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 . in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination . this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate . as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements . on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary . as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 . as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years . during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business . when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate . for additional information , see note 3 , discontinued operations . in the third quarter of 2011 , a u.s . internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 . this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s . healthcare business . we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months . as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months . however , quantification of an estimated range cannot be made at this time. .
Question: considering the years 2012 and 2013 , what is the increase observed in the balance at the end of the year?
Answer:
|
0.12184
|
considering the years 2012 and 2013 , what is the increase observed in the balance at the end of the year?
|
{
"options": {
"A": "0.12184",
"B": "0.0136",
"C": "0.0156",
"D": "0.0168"
},
"goldenKey": "A"
}
|
{
"A": "0.12184",
"B": "0.0136",
"C": "0.0156",
"D": "0.0168"
}
|
A
|
finqa2499
|
Please answer the given financial question based on the context.
Context: investment policy , which is described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . we calculate the expense associated with the pension plan and the assumptions and methods that we use include a policy of reflecting trust assets at their fair market value . on an annual basis , we review the actuarial assumptions related to the pension plan , including the discount rate , the rate of compensation increase and the expected return on plan assets . the discount rate and compensation increase assumptions do not significantly affect pension expense . however , the expected long-term return on assets assumption does significantly affect pension expense . our expected long- term return on plan assets for determining net periodic pension expense has been 8.25% ( 8.25 % ) for the past three years . the expected return on plan assets is a long-term assumption established by considering historical and anticipated returns of the asset classes invested in by the pension plan and the allocation strategy currently in place among those classes . while this analysis gives appropriate consideration to recent asset performance and historical returns , the assumption represents a long-term prospective return . we review this assumption at each measurement date and adjust it if warranted . for purposes of setting and reviewing this assumption , 201clong- term 201d refers to the period over which the plan 2019s projected benefit obligation will be disbursed . while year-to-year annual returns can vary significantly ( rates of return for the reporting years of 2009 , 2008 , and 2007 were +20.61% ( +20.61 % ) , -32.91% ( -32.91 % ) , and +7.57% ( +7.57 % ) , respectively ) , the assumption represents our estimate of long-term average prospective returns . our selection process references certain historical data and the current environment , but primarily utilizes qualitative judgment regarding future return expectations . recent annual returns may differ but , recognizing the volatility and unpredictability of investment returns , we generally do not change the assumption unless we modify our investment strategy or identify events that would alter our expectations of future returns . to evaluate the continued reasonableness of our assumption , we examine a variety of viewpoints and data . various studies have shown that portfolios comprised primarily of us equity securities have returned approximately 10% ( 10 % ) over long periods of time , while us debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation of equities and bonds produces a result between 8% ( 8 % ) and 8.5% ( 8.5 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns , and in many cases low returns in recent time periods are followed by higher returns in future periods ( and vice versa ) . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from other observers . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . the expected long-term return on plan assets for determining net periodic pension cost for 2009 was 8.25% ( 8.25 % ) , unchanged from 2008 . during 2010 , we intend to decrease the midpoint of the plan 2019s target allocation range for equities by approximately five percentage points . as a result of this change and taking into account all other factors described above , pnc will change the expected long-term return on plan assets to 8.00% ( 8.00 % ) for determining net periodic pension cost for 2010 . under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to change by up to $ 8 million as the impact is amortized into results of operations . the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2010 estimated expense as a baseline . change in assumption ( a ) estimated increase to 2010 pension expense ( in millions ) .
|change in assumption ( a )|estimatedincrease to 2010pensionexpense ( inmillions )|
|.5% ( .5 % ) decrease in discount rate|$ 10|
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 18|
|.5% ( .5 % ) increase in compensation rate|$ 3|
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . we currently estimate a pretax pension expense of $ 41 million in 2010 compared with pretax expense of $ 117 million in 2009 . this year-over-year reduction was primarily due to the amortization impact of the favorable 2009 investment returns as compared with the expected long-term return assumption . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of permitted contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we expect that the minimum required contributions under the law will be zero for 2010 . we maintain other defined benefit plans that have a less significant effect on financial results , including various .
Question: the decrease in pretax pension expenses was what percentage of a decrease?
Answer:
|
0.64957
|
the decrease in pretax pension expenses was what percentage of a decrease?
|
{
"options": {
"A": "0.64957%",
"B": "0.6496%",
"C": "0.6495%",
"D": "0.65%"
},
"goldenKey": "A"
}
|
{
"A": "0.64957%",
"B": "0.6496%",
"C": "0.6495%",
"D": "0.65%"
}
|
A
|
finqa2500
|
Please answer the given financial question based on the context.
Context: 30 of 93 liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : .
||2003|2002|2001|
|cash cash equivalents and short-term investments|$ 4566|$ 4337|$ 4336|
|accounts receivable net|$ 766|$ 565|$ 466|
|inventory|$ 56|$ 45|$ 11|
|working capital|$ 3530|$ 3730|$ 3625|
|days sales in accounts receivable ( dso ) ( a )|41|36|29|
|days of supply in inventory ( b )|4|4|1|
|days payables outstanding ( dpo ) ( c )|82|77|73|
|annual operating cash flow|$ 289|$ 89|$ 185|
( a ) dso is based on ending net trade receivables and most recent quarterly net sales for each period . ( b ) days supply of inventory is based on ending inventory and most recent quarterly cost of sales for each period . ( c ) dpo is based on ending accounts payable and most recent quarterly cost of sales adjusted for the change in inventory . as of september 27 , 2003 , the company 2019s cash , cash equivalents , and short-term investments portfolio totaled $ 4.566 billion , an increase of $ 229 million from the end of fiscal 2002 . the company 2019s short-term investment portfolio consists primarily of investments in u.s . treasury and agency securities , u.s . corporate securities , and foreign securities . foreign securities consist primarily of foreign commercial paper , certificates of deposit and time deposits with foreign institutions , most of which are denominated in u.s . dollars . the company 2019s investments are generally liquid and investment grade . as a result of declining investment yields on the company 2019s cash equivalents and short-term investments resulting from substantially lower market interest rates during 2003 , the company has elected to reduce the average maturity of its portfolio to maintain liquidity for future investment opportunities when market interest rates increase . accordingly , during 2003 the company increased its holdings in short-term investment grade instruments , both in u.s . corporate and foreign securities , that are classified as cash equivalents and has reduced its holdings in longer-term u.s . corporate securities classified as short-term investments . although the company 2019s cash , cash equivalents , and short-term investments increased in 2003 , the company 2019s working capital at september 27 , 2003 decreased by $ 200 million as compared to the end of fiscal 2002 due primarily to the current year reclassification of the company 2019s long-term debt as a current obligation resulting from its scheduled maturity in february 2004 . the primary sources of total cash and cash equivalents in fiscal 2003 were $ 289 million in cash generated by operating activities and $ 53 million in proceeds from the issuance of common stock , partially offset by $ 164 million utilized for capital expenditures and $ 26 million for the repurchase of common stock . the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , debt obligations , stock repurchase activity , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months . the company currently has debt outstanding in the form of $ 300 million of aggregate principal amount 6.5% ( 6.5 % ) unsecured notes that were originally issued in 1994 . the notes , which pay interest semiannually , were sold at 99.925% ( 99.925 % ) of par , for an effective yield to maturity of 6.51% ( 6.51 % ) . the notes , along with approximately $ 4 million of unamortized deferred gains on closed interest rate swaps , are due in february 2004 and therefore have been classified as current debt as of september 27 , 2003 . the company currently anticipates utilizing its existing cash balances to settle these notes when due . capital expenditures the company 2019s total capital expenditures were $ 164 million during fiscal 2003 , $ 92 million of which were for retail store facilities and equipment related to the company 2019s retail segment and $ 72 million of which were primarily for corporate infrastructure , including information systems enhancements and operating facilities enhancements and expansions . the company currently anticipates it will utilize approximately $ 160 million for capital expenditures during 2004 , approximately $ 85 million of which is expected to be utilized for further expansion of the company 2019s retail segment and the remainder utilized to support normal replacement of existing capital assets and enhancements to general information technology infrastructure . stock repurchase plan in july 1999 , the company's board of directors authorized a plan for the company to repurchase up to $ 500 million of its common stock . this repurchase plan does not obligate the company to acquire any specific number of shares or acquire shares over any specified period of time. .
Question: what was the largest annual operating cash flow , in millions?
Answer:
|
289.0
|
what was the largest annual operating cash flow , in millions?
|
{
"options": {
"A": "89.0",
"B": "185.0",
"C": "289.0",
"D": "4566.0"
},
"goldenKey": "C"
}
|
{
"A": "89.0",
"B": "185.0",
"C": "289.0",
"D": "4566.0"
}
|
C
|
finqa2501
|
Please answer the given financial question based on the context.
Context: interest expense related to capital lease obligations was $ 1.6 million during the year ended december 31 , 2015 , and $ 1.6 million during both the years ended december 31 , 2014 and 2013 . purchase commitments in the table below , we set forth our enforceable and legally binding purchase obligations as of december 31 , 2015 . some of the amounts are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties , and other factors . because these estimates and assumptions are necessarily subjective , our actual payments may vary from those reflected in the table . purchase orders made in the ordinary course of business are excluded below . any amounts for which we are liable under purchase orders are reflected on the consolidated balance sheets as accounts payable and accrued liabilities . these obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one year to 20 years . total purchase commitments were as follows ( dollars in millions ) : .
|2016|$ 95.3|
|2017|60.3|
|2018|28.0|
|2019|28.0|
|2020|23.4|
|thereafter|77.0|
|total|$ 312.0|
the company purchased a total of $ 299.6 million , $ 265.9 million , and $ 61.7 million during the years ended december 31 , 2015 , 2014 , and 2013 , respectively , under these purchase agreements . the increase in purchases the increase in purchases under these agreements in 2014 , compared with 2013 , relates to the acquisition of boise in fourth quarter 2013 . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 2006 through 2015 , there were no significant environmental remediation costs at pca 2019s mills and corrugated plants . at december 31 , 2015 , the company had $ 24.3 million of environmental-related reserves recorded on its consolidated balance sheet . of the $ 24.3 million , approximately $ 15.8 million related to environmental-related asset retirement obligations discussed in note 12 , asset retirement obligations , and $ 8.5 million related to our estimate of other environmental contingencies . the company recorded $ 7.9 million in 201caccrued liabilities 201d and $ 16.4 million in 201cother long-term liabilities 201d on the consolidated balance sheet . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . the company believes that it is not reasonably possible that future environmental expenditures for remediation costs and asset retirement obligations above the $ 24.3 million accrued as of december 31 , 2015 , will have a material impact on its financial condition , results of operations , or cash flows . guarantees and indemnifications we provide guarantees , indemnifications , and other assurances to third parties in the normal course of our business . these include tort indemnifications , environmental assurances , and representations and warranties in commercial agreements . at december 31 , 2015 , we are not aware of any material liabilities arising from any guarantee , indemnification , or financial assurance we have provided . if we determined such a liability was probable and subject to reasonable determination , we would accrue for it at that time. .
Question: what percentage of total purchase commitments are due after 2020?
Answer:
|
0.24679
|
what percentage of total purchase commitments are due after 2020?
|
{
"options": {
"A": "24.679%",
"B": "2.4679%",
"C": "0.24679%",
"D": "0.024679%"
},
"goldenKey": "C"
}
|
{
"A": "24.679%",
"B": "2.4679%",
"C": "0.24679%",
"D": "0.024679%"
}
|
C
|
finqa2502
|
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 are investment vehicles valued using the net asset value ( nav ) provided by the fund managers . the nav is the total value of the fund divided by the number of shares outstanding . commingled equity funds are categorized as level 1 if traded at their nav on a nationally recognized securities exchange or categorized as level 2 if the nav is corroborated by observable market data ( e.g. , purchases or sales activity ) and we are able to redeem our investment in the near-term . 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 at level 3 when valuations using observable inputs are unavailable . the trustee obtains pricing based on indicative quotes or bid evaluations from vendors , brokers , or the investment manager . private equity funds , real estate funds , and hedge funds are valued using the nav based on valuation models of underlying securities which generally include significant unobservable inputs that cannot be corroborated using verifiable observable market data . valuations for private equity funds and real estate funds are determined by the general partners . depending on the nature of the assets , the general partners may use various valuation methodologies , including the income and market approaches in their models . the market approach consists of analyzing market transactions for comparable assets while the income approach uses earnings or the net present value of estimated future cash flows adjusted for liquidity and other risk factors . hedge funds are valued by independent administrators using various pricing sources and models based on the nature of the securities . private equity funds , real estate funds , and hedge funds are generally categorized as level 3 as we cannot fully redeem our investment in the near-term . commodities are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the year . contributions and expected benefit payments we generally determine funding requirements for our defined benefit pension plans in a manner consistent with cas and internal revenue code rules . in 2013 , we made contributions of $ 2.25 billion related to our qualified defined benefit pension plans . we currently plan to make contributions of approximately $ 1.0 billion related to the qualified defined benefit pension plans in 2014 . in 2013 , we made contributions of $ 98 million to our retiree medical and life insurance plans . we do not expect to make contributions related to the retiree medical and life insurance plans in 2014 as a result of our 2013 contributions . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2013 ( in millions ) : .
||2014|2015|2016|2017|2018|2019 - 2023|
|qualified defined benefit pension plans|$ 1960|$ 2030|$ 2110|$ 2200|$ 2300|$ 13240|
|retiree medical and life insurance plans|200|210|210|220|220|1070|
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 $ 383 million in 2013 , $ 380 million in 2012 , and $ 378 million in 2011 , the majority of which were funded in our common stock . our defined contribution plans held approximately 44.7 million and 48.6 million shares of our common stock as of december 31 , 2013 and 2012. .
Question: what is the change in estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2013 , from 2014 to 2015 in millions?
Answer:
|
70.0
|
what is the change in estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2013 , from 2014 to 2015 in millions?
|
{
"options": {
"A": "50.0",
"B": "60.0",
"C": "70.0",
"D": "80.0"
},
"goldenKey": "C"
}
|
{
"A": "50.0",
"B": "60.0",
"C": "70.0",
"D": "80.0"
}
|
C
|
finqa2503
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries . as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 .
||2019|2020|2021|2022|2023|thereafter|total|
|deferred acquisition payments|$ 65.7|$ 20.0|$ 23.6|$ 4.7|$ 10.2|$ 2.7|$ 126.9|
|redeemable noncontrolling interests and call options with affiliates1|30.1|30.6|42.9|5.7|3.5|2.5|115.3|
|total contingent acquisition payments|$ 95.8|$ 50.6|$ 66.5|$ 10.4|$ 13.7|$ 5.2|$ 242.2|
1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 . these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities . the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements . see note 5 for further information relating to the payment structure of our acquisitions . legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business . the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts . the company had previously investigated the matter and taken a number of remedial and disciplinary actions . the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 . the company has previously provided for such settlement in its consolidated financial statements. .
Question: what was the percent decrease of redeemable noncontrolling interests and call options with affiliates from 2021 to 2022?
Answer:
|
86.71329
|
what was the percent decrease of redeemable noncontrolling interests and call options with affiliates from 2021 to 2022?
|
{
"options": {
"A": "12.34567%",
"B": "23.45678%",
"C": "34.56789%",
"D": "86.71329%"
},
"goldenKey": "D"
}
|
{
"A": "12.34567%",
"B": "23.45678%",
"C": "34.56789%",
"D": "86.71329%"
}
|
D
|
finqa2504
|
Please answer the given financial question based on the context.
Context: long-term liabilities . the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts . the notional investments are comprised primarily of mutual funds , which are based on observable market prices . mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt . the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps , classified as economic hedges , in order to fix the interest cost on some of its variable-rate debt . the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value . additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility . other investments 2014other investments primarily represent money market funds used for active employee benefits . the company includes other investments in other current assets . note 18 : leases the company has entered into operating leases involving certain facilities and equipment . rental expenses under operating leases were $ 21 for 2015 , $ 22 for 2014 and $ 23 for 2013 . the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next five years . certain operating leases have renewal options ranging from one to five years . the minimum annual future rental commitment under operating leases that have initial or remaining non- cancelable lease terms over the next five years and thereafter are as follows: .
|year|amount|
|2016|$ 13|
|2017|12|
|2018|11|
|2019|10|
|2020|8|
|thereafter|74|
the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners . the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act . the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years . the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) . as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases . the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis . the gross cost of the facilities funded by the company recognized as a capital lease asset was $ 156 and $ 157 as of december 31 , 2015 and 2014 , respectively , which is presented in property , plant and equipment in the accompanying consolidated balance sheets . the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs. .
Question: what was the change in annual rental expenses from 2015 to 2016 in dollars
Answer:
|
8.0
|
what was the change in annual rental expenses from 2015 to 2016 in dollars
|
{
"options": {
"A": "13",
"B": "12",
"C": "11",
"D": "8"
},
"goldenKey": "D"
}
|
{
"A": "13",
"B": "12",
"C": "11",
"D": "8"
}
|
D
|
finqa2506
|
Please answer the given financial question based on the context.
Context: 2022 the ability to identify suitable acquisition candidates and the ability to finance such acquisitions , which depends upon the availability of adequate cash reserves from operations or of acceptable financing terms and the variability of our stock price ; 2022 our ability to integrate any acquired business 2019 operations , services , clients , and personnel ; 2022 the effect of our substantial leverage , which may limit the funds available to make acquisitions and invest in our business ; 2022 changes in , or the failure to comply with , government regulations , including privacy regulations ; and 2022 other risks detailed elsewhere in this risk factors section and in our other filings with the securities and exchange commission . we are not under any obligation ( and expressly disclaim any such obligation ) to update or alter our forward- looking statements , whether as a result of new information , future events or otherwise . you should carefully consider the possibility that actual results may differ materially from our forward-looking statements . item 1b . unresolved staff comments . item 2 . properties . our corporate headquarters are located in jacksonville , florida , in an owned facility . fnf occupies and pays us rent for approximately 86000 square feet in this facility . we lease office space as follows : number of locations ( 1 ) .
|state|number of locations ( 1 )|
|california|44|
|texas|21|
|florida|18|
|georgia new york|10|
|new jersey|8|
|illinois massachusetts|7|
|alabama arizona minnesota north carolina|6|
|other|64|
( 1 ) represents the number of locations in each state listed . we also lease approximately 72 locations outside the united states . we believe our properties are adequate for our business as presently conducted . item 3 . legal proceedings . in the ordinary course of business , the company is involved in various pending and threatened litigation matters related to operations , some of which include claims for punitive or exemplary damages . the company believes that no actions , other than the matters listed below , depart from customary litigation incidental to its business . as background to the disclosure below , please note the following : 2022 these matters raise difficult and complicated factual and legal issues and are subject to many uncertainties and complexities . 2022 the company reviews these matters on an on-going basis and follows the provisions of statement of financial accounting standards no . 5 , accounting for contingencies ( 201csfas 5 201d ) , when making accrual and disclosure decisions . when assessing reasonably possible and probable outcomes , the company bases decisions on the assessment of the ultimate outcome following all appeals. .
Question: what is the total number of locations leased by fis?
Answer:
|
136.0
|
what is the total number of locations leased by fis?
|
{
"options": {
"A": "44",
"B": "72",
"C": "136",
"D": "86000"
},
"goldenKey": "C"
}
|
{
"A": "44",
"B": "72",
"C": "136",
"D": "86000"
}
|
C
|
finqa2507
|
Please answer the given financial question based on the context.
Context: the following table sets forth our refined products sales by product group and our average sales price for each of the last three years . refined product sales ( thousands of barrels per day ) 2008 2007 2006 .
|( thousands of barrels per day )|2008|2007|2006|
|gasoline|756|791|804|
|distillates|375|377|375|
|propane|22|23|23|
|feedstocks and special products|100|103|106|
|heavy fuel oil|23|29|26|
|asphalt|76|87|91|
|total ( a )|1352|1410|1425|
|average sales price ( dollars per barrel )|$ 109.49|$ 86.53|$ 77.76|
total ( a ) 1352 1410 1425 average sales price ( dollars per barrel ) $ 109.49 $ 86.53 $ 77.76 ( a ) includes matching buy/sell volumes of 24 mbpd in 2006 . on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard . this change resulted in lower refined products sales volumes for 2008 , 2007 and the remainder of 2006 than would have been reported under our previous accounting practices . see note 2 to the consolidated financial statements . gasoline and distillates 2013 we sell gasoline , gasoline blendstocks and no . 1 and no . 2 fuel oils ( including kerosene , jet fuel , diesel fuel and home heating oil ) to wholesale marketing customers in the midwest , upper great plains , gulf coast and southeastern regions of the united states . we sold 47 percent of our gasoline volumes and 88 percent of our distillates volumes on a wholesale or spot market basis in 2008 . the demand for gasoline is seasonal in many of our markets , with demand typically being at its highest levels during the summer months . we have blended fuel ethanol into gasoline for over 15 years and began increasing our blending program in 2007 , in part due to federal regulations that require us to use specified volumes of renewable fuels . we blended 57 mbpd of ethanol into gasoline in 2008 , 41 mbpd in 2007 and 35 mbpd in 2006 . the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and by government regulations . we sell reformulated gasoline , which is also blended with ethanol , in parts of our marketing territory , including : chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin and hartford , illinois . we also sell biodiesel-blended diesel in minnesota , illinois and kentucky . in 2007 , we acquired a 35 percent interest in an entity which owns and operates a 110-million-gallon-per-year ethanol production facility in clymers , indiana . we also own a 50 percent interest in an entity which owns a 110-million-gallon-per-year ethanol production facility in greenville , ohio . the greenville plant began production in february 2008 . both of these facilities are managed by a co-owner . propane 2013 we produce propane at all seven of our refineries . propane is primarily used for home heating and cooking , as a feedstock within the petrochemical industry , for grain drying and as a fuel for trucks and other vehicles . our propane sales are typically split evenly between the home heating market and industrial consumers . feedstocks and special products 2013 we are a producer and marketer of petrochemicals and specialty products . product availability varies by refinery and includes benzene , cumene , dilute naphthalene oil , molten maleic anhydride , molten sulfur , propylene , toluene and xylene . we market propylene , cumene and sulfur domestically to customers in the chemical industry . we sell maleic anhydride throughout the united states and canada . we also have the capacity to produce 1400 tons per day of anode grade coke at our robinson refinery , which is used to make carbon anodes for the aluminum smelting industry , and 2700 tons per day of fuel grade coke at the garyville refinery , which is used for power generation and in miscellaneous industrial applications . in september 2008 , we shut down our lubes facility in catlettsburg , kentucky , and sold from inventory through december 31 , 2008 ; therefore , base oils , aromatic extracts and slack wax are no longer being produced and marketed . in addition , we have recently discontinued production and sales of petroleum pitch and aliphatic solvents . heavy fuel oil 2013 we produce and market heavy oil , also known as fuel oil , residual fuel or slurry at all seven of our refineries . another product of crude oil , heavy oil is primarily used in the utility and ship bunkering ( fuel ) industries , though there are other more specialized uses of the product . we also sell heavy fuel oil at our terminals in wellsville , ohio , and chattanooga , tennessee . asphalt 2013 we have refinery based asphalt production capacity of up to 102 mbpd . we market asphalt through 33 owned or leased terminals throughout the midwest and southeast . we have a broad customer base , including .
Question: how much of refined product sales consisted of heavy fuel oil in 2008?
Answer:
|
0.01701
|
how much of refined product sales consisted of heavy fuel oil in 2008?
|
{
"options": {
"A": "23 barrels per day",
"B": "29 barrels per day",
"C": "26 barrels per day",
"D": "None of the above"
},
"goldenKey": "D"
}
|
{
"A": "23 barrels per day",
"B": "29 barrels per day",
"C": "26 barrels per day",
"D": "None of the above"
}
|
D
|
finqa2508
|
Please answer the given financial question based on the context.
Context: aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support , and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles , and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor , and the c-5m super galaxy . aeronautics 2019 operating results included the following ( in millions ) : .
||2013|2012|2011|
|net sales|$ 14123|$ 14953|$ 14362|
|operating profit|1612|1699|1630|
|operating margins|11.4% ( 11.4 % )|11.4% ( 11.4 % )|11.3% ( 11.3 % )|
|backlog at year-end|28000|30100|30500|
2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to 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 2012 compared to 2011 aeronautics 2019 net sales for 2012 increased $ 591 million , or 4% ( 4 % ) , compared to 2011 . the increase was attributable to higher net sales of approximately $ 745 million from f-35 production contracts principally due to increased production volume ; about $ 285 million from f-16 programs primarily due to higher aircraft deliveries ( 37 f-16 aircraft delivered in 2012 compared to 22 in 2011 ) partially offset by lower volume on sustainment activities due to the completion of modification programs for certain international customers ; and approximately $ 140 million from c-5 programs due to higher aircraft deliveries ( four c-5m aircraft delivered in 2012 compared to two in 2011 ) . partially offsetting the increases were lower net sales of approximately $ 365 million from decreased production volume and lower risk retirements on the f-22 program as final aircraft deliveries were completed in the second quarter of 2012 ; approximately $ 110 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 and to a lesser extent lower volume ; and about $ 95 million from a decrease in volume on other sustainment activities partially offset by various other aeronautics programs due to higher volume . net sales for c-130 programs were comparable to 2011 as a decline in sustainment activities largely was offset by increased aircraft deliveries. .
Question: what was the average net sales in millions for aeronautics from 2001 to 2013?
Answer:
|
1647.0
|
what was the average net sales in millions for aeronautics from 2001 to 2013?
|
{
"options": {
"A": "14123",
"B": "14953",
"C": "14362",
"D": "1647.0"
},
"goldenKey": "D"
}
|
{
"A": "14123",
"B": "14953",
"C": "14362",
"D": "1647.0"
}
|
D
|
finqa2509
|
Please answer the given financial question based on the context.
Context: stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2010 and that all dividends were reinvested . market performance .
|company / index|2010|2011|2012|2013|2014|2015|
|teleflex incorporated|100|117|138|185|229|266|
|s&p 500 index|100|102|118|157|178|181|
|s&p 500 healthcare equipment & supply index|100|99|116|148|187|199|
s&p 500 healthcare equipment & supply index 100 99 116 148 187 199 .
Question: what is the total return of an investment of $ 1000000 in teleflex incorporated in 2010 and sold in 2015?
Answer:
|
1660000.0
|
what is the total return of an investment of $ 1000000 in teleflex incorporated in 2010 and sold in 2015?
|
{
"options": {
"A": "1000000.0",
"B": "1170000.0",
"C": "1660000.0",
"D": "2660000.0"
},
"goldenKey": "C"
}
|
{
"A": "1000000.0",
"B": "1170000.0",
"C": "1660000.0",
"D": "2660000.0"
}
|
C
|
finqa2510
|
Please answer the given financial question based on the context.
Context: the long term . in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a . and vodafone group plc . we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward . in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas . a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low . in more developed urban locations within these markets , early-stage data network deployments are underway . carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate . in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology . consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially . recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks . smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service . finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base . with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity . we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets . as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth . we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn . our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites . property operations new site revenue growth . during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites . in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses . we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. .
|new sites ( acquired or constructed )|2015|2014|2013|
|u.s .|11595|900|5260|
|asia|2330|1560|1260|
|emea|4910|190|485|
|latin america|6535|5800|6065|
property operations expenses . direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance . these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations . in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow . we may , however , incur additional segment .
Question: what was the percentage of the real estate portfolios for asia from 2014 to 2015
Answer:
|
0.49359
|
what was the percentage of the real estate portfolios for asia from 2014 to 2015
|
{
"options": {
"A": "0.49359",
"B": "0.4935",
"C": "0.4936",
"D": "0.493"
},
"goldenKey": "A"
}
|
{
"A": "0.49359",
"B": "0.4935",
"C": "0.4936",
"D": "0.493"
}
|
A
|
finqa2511
|
Please answer the given financial question based on the context.
Context: additions to property , plant and equipment are our most significant use of cash and cash equivalents . the following table shows capital expenditures related to continuing operations by segment and reconciles to additions to property , plant and equipment as presented in the consolidated statements of cash flows for 2014 , 2013 and 2012: .
|( in millions )|year ended december 31 , 2014|year ended december 31 , 2013|year ended december 31 , 2012|
|north america e&p|$ 4698|$ 3649|$ 3988|
|international e&p|534|456|235|
|oil sands mining|212|286|188|
|corporate|51|58|115|
|total capital expenditures|5495|4449|4526|
|change in capital expenditure accrual|-335 ( 335 )|-6 ( 6 )|-165 ( 165 )|
|additions to property plant and equipment|$ 5160|$ 4443|$ 4361|
as of december 31 , 2014 , we had repurchased a total of 121 million common shares at a cost of $ 4.7 billion , including 29 million shares at a cost of $ 1 billion in the first six months of 2014 and 14 million shares at a cost of $ 500 million in the third quarter of 2013 . see item 8 . financial statements and supplementary data 2013 note 22 to the consolidated financial statements for discussion of purchases of common stock . liquidity and capital resources our main sources of liquidity are cash and cash equivalents , internally generated cash flow from operations , continued access to capital markets , our committed revolving credit facility and sales of non-strategic assets . our working capital requirements are supported by these sources and we may issue commercial paper backed by our $ 2.5 billion revolving credit facility to meet short-term cash requirements . because of the alternatives available to us as discussed above and access to capital markets through the shelf registration discussed below , we believe that our short-term and long-term liquidity is adequate to fund not only our current operations , but also our near-term and long-term funding requirements including our capital spending programs , dividend payments , defined benefit plan contributions , repayment of debt maturities and other amounts that may ultimately be paid in connection with contingencies . at december 31 , 2014 , we had approximately $ 4.9 billion of liquidity consisting of $ 2.4 billion in cash and cash equivalents and $ 2.5 billion availability under our revolving credit facility . as discussed in more detail below in 201coutlook 201d , we are targeting a $ 3.5 billion budget for 2015 . based on our projected 2015 cash outlays for our capital program and dividends , we expect to outspend our cash flows from operations for the year . we will be constantly monitoring our available liquidity during 2015 and we have the flexibility to adjust our budget throughout the year in response to the commodity price environment . we will also continue to drive the fundamentals of expense management , including organizational capacity and operational reliability . capital resources credit arrangements and borrowings in may 2014 , we amended our $ 2.5 billion unsecured revolving credit facility and extended the maturity to may 2019 . see note 16 to the consolidated financial statements for additional terms and rates . at december 31 , 2014 , we had no borrowings against our revolving credit facility and no amounts outstanding under our u.s . commercial paper program that is backed by the revolving credit facility . at december 31 , 2014 , we had $ 6391 million in long-term debt outstanding , and $ 1068 million is due within one year , of which the majority is due in the fourth quarter of 2015 . we do not have any triggers on any of our corporate debt that would cause an event of default in the case of a downgrade of our credit ratings . shelf registration we have a universal shelf registration statement filed with the sec , under which we , as "well-known seasoned issuer" for purposes of sec rules , have the ability to issue and sell an indeterminate amount of various types of debt and equity securities from time to time. .
Question: what percentage as of december 31 , 2014 liquidity consisted of cash and cash equivalents?
Answer:
|
0.4898
|
what percentage as of december 31 , 2014 liquidity consisted of cash and cash equivalents?
|
{
"options": {
"A": "0.24",
"B": "0.49",
"C": "0.75",
"D": "0.92"
},
"goldenKey": "B"
}
|
{
"A": "0.24",
"B": "0.49",
"C": "0.75",
"D": "0.92"
}
|
B
|
finqa2513
|
Please answer the given financial question based on the context.
Context: note 4 - goodwill and other intangible assets : goodwill the company had approximately $ 93.2 million and $ 94.4 million of goodwill at december 30 , 2017 and december 31 , 2016 , respectively . the changes in the carrying amount of goodwill for the years ended december 30 , 2017 and december 31 , 2016 are as follows ( in thousands ) : .
||2017|2016|
|balance beginning of year|$ 94417|$ 10258|
|goodwill acquired as part of acquisition|2014|84159|
|working capital settlement|-1225 ( 1225 )|2014|
|impairment loss|2014|2014|
|balance end of year|$ 93192|$ 94417|
goodwill is allocated to each identified reporting unit , which is defined as an operating segment or one level below the operating segment . goodwill is not amortized , but is evaluated for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable . the company completes its impairment evaluation by performing valuation analyses and considering other publicly available market information , as appropriate . the test used to identify the potential for goodwill impairment compares the fair value of a reporting unit with its carrying value . an impairment charge would be recorded to the company 2019s operations for the amount , if any , in which the carrying value exceeds the fair value . in the fourth quarter of fiscal 2017 , the company completed its annual impairment testing of goodwill and no impairment was identified . the company determined that the fair value of each reporting unit ( including goodwill ) was in excess of the carrying value of the respective reporting unit . in reaching this conclusion , the fair value of each reporting unit was determined based on either a market or an income approach . under the market approach , the fair value is based on observed market data . other intangible assets the company had approximately $ 31.3 million of intangible assets other than goodwill at december 30 , 2017 and december 31 , 2016 . the intangible asset balance represents the estimated fair value of the petsense tradename , which is not subject to amortization as it has an indefinite useful life on the basis that it is expected to contribute cash flows beyond the foreseeable horizon . with respect to intangible assets , we evaluate for impairment annually and whenever events or changes in circumstances indicate that the carrying value may not be recoverable . we recognize an impairment loss only if the carrying amount is not recoverable through its discounted cash flows and measure the impairment loss based on the difference between the carrying value and fair value . in the fourth quarter of fiscal 2017 , the company completed its annual impairment testing of intangible assets and no impairment was identified. .
Question: what percent did the company's goodwill balance increase between the between the beginning of 2016 and the end of 2017?
Answer:
|
8.08481
|
what percent did the company's goodwill balance increase between the between the beginning of 2016 and the end of 2017?
|
{
"options": {
"A": "5.678%",
"B": "6.253%",
"C": "7.419%",
"D": "8.085%"
},
"goldenKey": "D"
}
|
{
"A": "5.678%",
"B": "6.253%",
"C": "7.419%",
"D": "8.085%"
}
|
D
|
finqa2514
|
Please answer the given financial question based on the context.
Context: business-related metrics as of or for the year ended december 31 .
|( in billions except ratios )|2003|2002|change|
|loan and lease receivables|$ 43.2|$ 37.4|16% ( 16 % )|
|average loan and lease receivables|41.7|31.7|32|
|automobile origination volume|27.8|25.3|10|
|automobile market share|6.1% ( 6.1 % )|5.7% ( 5.7 % )|40bp|
|30+ day delinquency rate|1.46|1.54|-8 ( 8 )|
|net charge-off ratio|0.41|0.51|-10 ( 10 )|
|overhead ratio|35|36|-100 ( 100 )|
crb is the no . 1 bank in the new york tri-state area and a top five bank in texas ( both ranked by retail deposits ) , providing payment , liquidity , investment , insurance and credit products and services to three primary customer segments : small busi- ness , affluent and retail . within these segments , crb serves 326000 small businesses , 433000 affluent consumers and 2.6 million mass-market consumers . crb 2019s continued focus on expanding customer relationships resulted in a 14% ( 14 % ) increase in core deposits ( for this purpose , core deposits are total deposits less time deposits ) from december 31 , 2002 , and a 77% ( 77 % ) increase in the cross-sell of chase credit products over 2002 . in 2003 , mortgage and home equity originations through crb 2019s distribution channels were $ 3.4 billion and $ 4.7 billion , respectively . branch-originated credit cards totaled 77000 , contributing to 23% ( 23 % ) of crb customers holding chase credit cards . crb is compensated by cfs 2019s credit businesses for the home finance and credit card loans it origi- nates and does not retain these balances . chase regional banking while crb continues to position itself for growth , decreased deposit spreads related to the low-rate environment and increased credit costs resulted in an 80% ( 80 % ) decline in crb operating earnings from 2002 . this decrease was partly offset by an 8% ( 8 % ) increase in total average deposits . operating revenue of $ 2.6 billion decreased by 9% ( 9 % ) compared with 2002 . net interest income declined by 11% ( 11 % ) to $ 1.7 billion , primarily attributable to the lower interest rate environment . noninterest revenue decreased 6% ( 6 % ) to $ 927 million due to lower deposit service fees , decreased debit card fees and one-time gains in 2002 . crb 2019s revenue does not include funding profits earned on its deposit base ; these amounts are included in the results of global treasury . operating expense of $ 2.4 billion increased by 7% ( 7 % ) from 2002 . the increase was primarily due to investments in technology within the branch network ; also contributing were higher compensation expenses related to increased staff levels and higher severance costs as a result of continued restructuring . this increase in operating caf is the largest u.s . bank originator of automobile loans and leases , with more than 2.9 million accounts . in 2003 , caf had a record number of automobile loan and lease originations , growing by 10% ( 10 % ) over 2002 to $ 27.8 billion . loan and lease receivables of $ 43.2 billion at december 31 , 2003 , were 16% ( 16 % ) higher than at the prior year-end . despite a challenging operating environment reflecting slightly declining new car sales in 2003 and increased competition , caf 2019s market share among automobile finance companies improved to 6.1% ( 6.1 % ) in 2003 from 5.7% ( 5.7 % ) in 2002 . the increase in market share was the result of strong organic growth and an origination strategy that allies the business with manufac- turers and dealers . caf 2019s relationships with several major car manufacturers contributed to 2003 growth , as did caf 2019s dealer relationships , which increased from approximately 12700 dealers in 2002 to approximately 13700 dealers in 2003 . in 2003 , operating earnings were $ 205 million , 23% ( 23 % ) higher compared with 2002 . the increase in earnings was driven by continued revenue growth and improved operating efficiency . in 2003 , caf 2019s operating revenue grew by 23% ( 23 % ) to $ 842 million . net interest income grew by 33% ( 33 % ) compared with 2002 . the increase was driven by strong operating performance due to higher average loans and leases outstanding , reflecting continued strong origination volume and lower funding costs . operating expense of $ 292 million increased by 18% ( 18 % ) compared with 2002 . the increase in expenses was driven by higher average chase auto finance loans outstanding , higher origination volume and higher perform- ance-based incentives . caf 2019s overhead ratio improved from 36% ( 36 % ) in 2002 to 35% ( 35 % ) in 2003 , as a result of strong revenue growth , con- tinued productivity gains and disciplined expense management . credit costs increased 18% ( 18 % ) to $ 205 million , primarily reflecting a 32% ( 32 % ) increase in average loan and lease receivables . credit quality continued to be strong relative to 2002 , as evidenced by a lower net charge-off ratio and 30+ day delinquency rate . caf also comprises chase education finance , a top provider of government-guaranteed and private loans for higher education . loans are provided through a joint venture with sallie mae , a government-sponsored enterprise and the leader in funding and servicing education loans . chase education finance 2019s origination volume totaled $ 2.7 billion , an increase of 4% ( 4 % ) from last year . management 2019s discussion and analysis j.p . morgan chase & co . 42 j.p . morgan chase & co . / 2003 annual report .
Question: what was the operating revenue in 2002
Answer:
|
20452.85
|
what was the operating revenue in 2002
|
{
"options": {
"A": "20452.85",
"B": "2600",
"C": "927",
"D": "292"
},
"goldenKey": "A"
}
|
{
"A": "20452.85",
"B": "2600",
"C": "927",
"D": "292"
}
|
A
|
finqa2515
|
Please answer the given financial question based on the context.
Context: liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries . stress testing and scenario analyses are intended to quantify the potential impact of a liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized . these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and political and economic conditions in certain countries . these conditions include expected and stressed market conditions as well as company- specific events . liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons ( overnight , one week , two weeks , one month , three months , one year ) and over a variety of stressed conditions . liquidity limits are set accordingly . to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily . given the range of potential stresses , citi maintains a series of contingency funding plans on a consolidated basis and for individual entities . these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses . short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal measures that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s . lcr rules . generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario . the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days . banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows . the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 . in december 2016 , the federal reserve board adopted final rules which require additional disclosures relating to the lcr of large financial institutions , including citi . among other things , the final rules require citi to disclose components of its average hqla , lcr and inflows and outflows each quarter . in addition , the final rules require disclosure of citi 2019s calculation of the maturity mismatch add-on as well as other qualitative disclosures . the effective date for these disclosures is april 1 , 2017 . the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec . 31 , sept . 30 , dec . 31 .
|in billions of dollars|dec . 31 2016|sept . 30 2016|dec . 31 2015|
|hqla|$ 403.7|$ 403.8|$ 389.2|
|net outflows|332.5|335.3|344.4|
|lcr|121% ( 121 % )|120% ( 120 % )|113% ( 113 % )|
|hqla in excess of net outflows|$ 71.3|$ 68.5|$ 44.8|
note : amounts set forth in the table above are presented on an average basis . as set forth in the table above , citi 2019s lcr increased both year-over-year and sequentially . the increase year-over-year was driven by both an increase in hqla and a reduction in net outflows . sequentially , the increase was driven by a slight reduction in net outflows , as hqla remained largely unchanged . long-term liquidity measurement : net stable funding ratio ( nsfr ) in the second quarter of 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement . the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules . in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level . a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments . standardized weightings would be required to be applied to the various asset and liabilities classes . the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) . while citi believes that it is compliant with the proposed u.s . nsfr rules as of december 31 , 2016 , it will need to evaluate any final version of the rules , which are expected to be released during 2017 . the proposed rules would require full implementation of the u.s . nsfr beginning january 1 , 2018. .
Question: what was the change in billions of net outflows from december 31 , 2015 to december 31 , 2016?
Answer:
|
-11.9
|
what was the change in billions of net outflows from december 31 , 2015 to december 31 , 2016?
|
{
"options": {
"A": "-11.9",
"B": "11.9",
"C": "0.1",
"D": "-0.1"
},
"goldenKey": "A"
}
|
{
"A": "-11.9",
"B": "11.9",
"C": "0.1",
"D": "-0.1"
}
|
A
|
finqa2516
|
Please answer the given financial question based on the context.
Context: entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 242.5 million primarily due to a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts , which resulted in a $ 422 million income tax benefit . the net income effect was partially offset by a $ 199 million regulatory charge , which reduced net revenue , because a portion of the benefit will be shared with customers . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . 2010 compared to 2009 net income decreased slightly by $ 1.4 million primarily due to higher other operation and maintenance expenses , a higher effective income tax rate , and higher interest expense , almost entirely offset by higher net revenue . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .
||amount ( in millions )|
|2010 net revenue|$ 1043.7|
|mark-to-market tax settlement sharing|-195.9 ( 195.9 )|
|retail electric price|32.5|
|volume/weather|11.6|
|other|-5.7 ( 5.7 )|
|2011 net revenue|$ 886.2|
the mark-to-market tax settlement sharing variance results from a regulatory charge because a portion of the benefits of a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts will be shared with customers , slightly offset by the amortization of a portion of that charge beginning in october 2011 . see notes 3 and 8 to the financial statements for additional discussion of the settlement and benefit sharing . the retail electric price variance is primarily due to a formula rate plan increase effective may 2011 . see note 2 to the financial statements for discussion of the formula rate plan increase. .
Question: what is the growth rate in net revenue from 2010 to 2011?
Answer:
|
-0.15091
|
what is the growth rate in net revenue from 2010 to 2011?
|
{
"options": {
"A": "-0.15091",
"B": "0.15091",
"C": "-0.04909",
"D": "0.04909"
},
"goldenKey": "A"
}
|
{
"A": "-0.15091",
"B": "0.15091",
"C": "-0.04909",
"D": "0.04909"
}
|
A
|
finqa2517
|
Please answer the given financial question based on the context.
Context: consolidated results of operations year ended december 31 , 2018 compared to year ended december 31 , 2017 net revenues increased $ 203.9 million , or 4.1% ( 4.1 % ) , to $ 5193.2 million in 2018 from $ 4989.2 million in 2017 . net revenues by product category are summarized below: .
|( in thousands )|year ended december 31 , 2018|year ended december 31 , 2017|year ended december 31 , $ change|year ended december 31 , % ( % ) change|
|apparel|$ 3462372|$ 3287121|$ 175251|5.3% ( 5.3 % )|
|footwear|1063175|1037840|25335|2.4|
|accessories|422496|445838|-23342 ( 23342 )|-5.2 ( 5.2 )|
|total net sales|4948043|4770799|177244|3.7|
|license|124785|116575|8210|7.0|
|connected fitness|120357|101870|18487|18.1|
|total net revenues|$ 5193185|$ 4989244|$ 203941|4.1% ( 4.1 % )|
the increase in net sales was driven primarily by : 2022 apparel unit sales growth driven by the train category ; and 2022 footwear unit sales growth , led by the run category . the increase was partially offset by unit sales decline in accessories . license revenues increased $ 8.2 million , or 7.0% ( 7.0 % ) , to $ 124.8 million in 2018 from $ 116.6 million in 2017 . connected fitness revenue increased $ 18.5 million , or 18.1% ( 18.1 % ) , to $ 120.4 million in 2018 from $ 101.9 million in 2017 primarily driven by increased subscribers on our fitness applications . gross profit increased $ 89.1 million to $ 2340.5 million in 2018 from $ 2251.4 million in 2017 . gross profit as a percentage of net revenues , or gross margin , was unchanged at 45.1% ( 45.1 % ) in 2018 compared to 2017 . gross profit percentage was favorably impacted by lower promotional activity , improvements in product cost , lower air freight , higher proportion of international and connected fitness revenue and changes in foreign currency ; these favorable impacts were offset by channel mix including higher sales to our off-price channel and restructuring related charges . with the exception of improvements in product input costs and air freight improvements , we do not expect these trends to have a material impact on the full year 2019 . selling , general and administrative expenses increased $ 82.8 million to $ 2182.3 million in 2018 from $ 2099.5 million in 2017 . as a percentage of net revenues , selling , general and administrative expenses decreased slightly to 42.0% ( 42.0 % ) in 2018 from 42.1% ( 42.1 % ) in 2017 . selling , general and administrative expense was impacted by the following : 2022 marketing costs decreased $ 21.3 million to $ 543.8 million in 2018 from $ 565.1 million in 2017 . this decrease was primarily due to restructuring efforts , resulting in lower compensation and contractual sports marketing . this decrease was partially offset by higher costs in connection with brand marketing campaigns and increased marketing investments with the growth of our international business . as a percentage of net revenues , marketing costs decreased to 10.5% ( 10.5 % ) in 2018 from 11.3% ( 11.3 % ) in 2017 . 2022 other costs increased $ 104.1 million to $ 1638.5 million in 2018 from $ 1534.4 million in 2017 . this increase was primarily due to higher incentive compensation expense and higher costs incurred for the continued expansion of our direct to consumer distribution channel and international business . as a percentage of net revenues , other costs increased to 31.6% ( 31.6 % ) in 2018 from 30.8% ( 30.8 % ) in 2017 . restructuring and impairment charges increased $ 59.1 million to $ 183.1 million from $ 124.0 million in 2017 . refer to the restructuring plans section above for a summary of charges . income ( loss ) from operations decreased $ 52.8 million , or 189.9% ( 189.9 % ) , to a loss of $ 25.0 million in 2018 from income of $ 27.8 million in 2017 . as a percentage of net revenues , income from operations decreased to a loss of 0.4% ( 0.4 % ) in 2018 from income of 0.5% ( 0.5 % ) in 2017 . income from operations for the year ended december 31 , 2018 was negatively impacted by $ 203.9 million of restructuring , impairment and related charges in connection with the 2018 restructuring plan . income from operations for the year ended december 31 , 2017 was negatively impacted by $ 129.1 million of restructuring , impairment and related charges in connection with the 2017 restructuring plan . interest expense , net decreased $ 0.9 million to $ 33.6 million in 2018 from $ 34.5 million in 2017. .
Question: what was connected fitness as a percentage of total net revenue in 2017?
Answer:
|
0.02042
|
what was connected fitness as a percentage of total net revenue in 2017?
|
{
"options": {
"A": "0.0181",
"B": "0.02042",
"C": "0.021",
"D": "0.0185"
},
"goldenKey": "B"
}
|
{
"A": "0.0181",
"B": "0.02042",
"C": "0.021",
"D": "0.0185"
}
|
B
|
finqa2518
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co . / 2004 annual report 29 firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments and are retained in corporate . these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments . capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements . the amount of capital assigned to each business is referred to as equity . effective with the third quarter of 2004 , new methodologies were implemented to calculate the amount of capital allocated to each segment . as part of the new methodology , goodwill , as well as the associated capital , is allocated solely to corporate . although u.s . gaap requires the allocation of goodwill to the business segments for impairment testing ( see note 15 on page 109 of this annual report ) , the firm has elected not to include goodwill or the related capital in each of the business segments for management reporting purposes . see the capital management section on page 50 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be based on pre-tax earnings , net of the cost of capital related to those exposures . prior to the merger , the credit reimburse- ment was based on pre-tax earnings , plus the allocated capital associated with the shared clients . tax-equivalent adjustments segment results reflect revenues on a tax-equivalent basis for segment reporting purposes . refer to page 25 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and expense using market-based methodologies . at the time of the merger , several of the allocation method- ologies were revised , as noted below . the changes became effective july 1 , 2004 . as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods begin- ning with the third quarter of 2004 . further , the firm intends to continue to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and it is anticipated that further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions . these revenue sharing agreements were revised on the merger date to provide consistency across the lines of businesses . funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and interest expense to each line of business and also serves to transfer interest rate risk to corporate . while business segments may periodically retain interest rate exposures related to customer pricing or other business-specific risks , the bal- ance of the firm 2019s overall interest rate risk exposure is included and managed in corporate . in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms . expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based on their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided . effective with the third quarter of 2004 , the cost allocation methodologies of the heritage segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .
|year ended december 31 , ( in millions except ratios )|year ended december 31 , 2004|year ended december 31 , 2003|year ended december 31 , change|2004|2003|
|investment bank|$ 2948|$ 2805|5% ( 5 % )|17% ( 17 % )|15% ( 15 % )|
|retail financial services|2199|1547|42|24|37|
|card services|1274|683|87|17|20|
|commercial banking|608|307|98|29|29|
|treasury & securities services|440|422|4|17|15|
|asset & wealth management|681|287|137|17|5|
|corporate|61|668|-91 ( 91 )|nm|nm|
|total|$ 8211|$ 6719|22% ( 22 % )|16% ( 16 % )|19% ( 19 % )|
.
Question: in 2004 , what percent of operating earnings were allocated to commercial banking?
Answer:
|
0.07405
|
in 2004 , what percent of operating earnings were allocated to commercial banking?
|
{
"options": {
"A": "5%",
"B": "17%",
"C": "29%",
"D": "0.07405%"
},
"goldenKey": "D"
}
|
{
"A": "5%",
"B": "17%",
"C": "29%",
"D": "0.07405%"
}
|
D
|
finqa2519
|
Please answer the given financial question based on the context.
Context: in january 2016 , the company issued $ 800 million of debt securities consisting of a $ 400 million aggregate principal three year fixed rate note with a coupon rate of 2.00% ( 2.00 % ) and a $ 400 million aggregate principal seven year fixed rate note with a coupon rate of 3.25% ( 3.25 % ) . the proceeds were used to repay a portion of the company 2019s outstanding commercial paper , repay the remaining term loan balance , and for general corporate purposes . the company 2019s public notes and 144a notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium . upon the occurrence of a change of control accompanied by a downgrade of the notes below investment grade rating , within a specified time period , the company would be required to offer to repurchase the public notes and 144a notes at a price equal to 101% ( 101 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase . the public notes and 144a notes are senior unsecured and unsubordinated obligations of the company and rank equally with all other senior and unsubordinated indebtedness of the company . the company entered into a registration rights agreement in connection with the issuance of the 144a notes . subject to certain limitations set forth in the registration rights agreement , the company has agreed to ( i ) file a registration statement ( the 201cexchange offer registration statement 201d ) with respect to registered offers to exchange the 144a notes for exchange notes ( the 201cexchange notes 201d ) , which will have terms identical in all material respects to the new 10-year notes and new 30-year notes , as applicable , except that the exchange notes will not contain transfer restrictions and will not provide for any increase in the interest rate thereon in certain circumstances and ( ii ) use commercially reasonable efforts to cause the exchange offer registration statement to be declared effective within 270 days after the date of issuance of the 144a notes . until such time as the exchange offer registration statement is declared effective , the 144a notes may only be sold in accordance with rule 144a or regulation s of the securities act of 1933 , as amended . private notes the company 2019s private notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium . upon the occurrence of specified changes of control involving the company , the company would be required to offer to repurchase the private notes at a price equal to 100% ( 100 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase . additionally , the company would be required to make a similar offer to repurchase the private notes upon the occurrence of specified merger events or asset sales involving the company , when accompanied by a downgrade of the private notes below investment grade rating , within a specified time period . the private notes are unsecured senior obligations of the company and rank equal in right of payment with all other senior indebtedness of the company . the private notes shall be unconditionally guaranteed by subsidiaries of the company in certain circumstances , as described in the note purchase agreements as amended . other debt during 2015 , the company acquired the beneficial interest in the trust owning the leased naperville facility resulting in debt assumption of $ 100.2 million and the addition of $ 135.2 million in property , plant and equipment . certain administrative , divisional , and research and development personnel are based at the naperville facility . cash paid as a result of the transaction was $ 19.8 million . the assumption of debt and the majority of the property , plant and equipment addition represented non-cash financing and investing activities , respectively . the remaining balance on the assumed debt was settled in december 2017 and was reflected in the "other" line of the table above at december 31 , 2016 . covenants and future maturities the company is in compliance with all covenants under the company 2019s outstanding indebtedness at december 31 , 2017 . as of december 31 , 2017 , the aggregate annual maturities of long-term debt for the next five years were : ( millions ) .
|2018|$ 550|
|2019|397|
|2020|300|
|2021|1017|
|2022|497|
.
Question: what is the total yearly interest expense related to the notes issued in january 2016?
Answer:
|
21.0
|
what is the total yearly interest expense related to the notes issued in january 2016?
|
{
"options": {
"A": "2.00 million",
"B": "3.25 million",
"C": "5.25 million",
"D": "21.0 million"
},
"goldenKey": "D"
}
|
{
"A": "2.00 million",
"B": "3.25 million",
"C": "5.25 million",
"D": "21.0 million"
}
|
D
|
finqa2520
|
Please answer the given financial question based on the context.
Context: operating profit for the segment decreased by 1% ( 1 % ) in 2010 compared to 2009 . for the year , operating profit declines in defense more than offset an increase in civil , while operating profit at intelligence essentially was unchanged . the $ 27 million decrease in operating profit at defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010 . the $ 19 million increase in civil principally was due to higher volume on enterprise civilian services . operating profit for the segment decreased by 3% ( 3 % ) in 2009 compared to 2008 . operating profit declines in civil and intelligence partially were offset by growth in defense . the decrease of $ 29 million in civil 2019s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008 . the decrease in operating profit of $ 27 million at intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008 . the increase in defense 2019s operating profit of $ 29 million mainly was due to volume and improved performance in mission and combat systems . the decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at civil , including volume associated with the dris 2010 program , and mission and combat system programs at defense . backlog decreased in 2009 compared to 2008 due to u.s . government 2019s exercise of the termination for convenience clause on the tsat mission operations system ( tmos ) contract at defense , which resulted in a $ 1.6 billion reduction in orders . this decline more than offset increased orders on enterprise civilian services programs at civil . we expect is&gs will experience a low single digit percentage decrease in sales for 2011 as compared to 2010 . this decline primarily is due to completion of most of the work associated with the dris 2010 program . operating profit in 2011 is expected to decline in relationship to the decline in sales volume , while operating margins are expected to be comparable between the years . space systems our space systems business segment is engaged in the design , research and development , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems , including activities related to the planned replacement of the space shuttle . government satellite programs include the advanced extremely high frequency ( aehf ) system , the mobile user objective system ( muos ) , the global positioning satellite iii ( gps iii ) system , the space-based infrared system ( sbirs ) , and the geostationary operational environmental satellite r-series ( goes-r ) . strategic and missile defense programs include the targets and countermeasures program and the fleet ballistic missile program . space transportation includes the nasa orion program and , through ownership interests in two joint ventures , expendable launch services ( united launch alliance , or ula ) and space shuttle processing activities for the u.s . government ( united space alliance , or usa ) . the space shuttle is expected to complete its final flight mission in 2011 and our involvement with its launch and processing activities will end at that time . space systems 2019 operating results included the following : ( in millions ) 2010 2009 2008 .
|( in millions )|2010|2009|2008|
|net sales|$ 8246|$ 8654|$ 8027|
|operating profit|972|972|953|
|operating margin|11.8% ( 11.8 % )|11.2% ( 11.2 % )|11.9% ( 11.9 % )|
|backlog at year-end|17800|16800|17900|
net sales for space systems decreased by 5% ( 5 % ) in 2010 compared to 2009 . sales declined in all three lines of business during the year . the $ 253 million decrease in space transportation principally was due to lower volume on the space shuttle external tank , commercial launch vehicle activity and other human space flight programs , which partially were offset by higher volume on the orion program . there were no commercial launches in 2010 compared to one commercial launch in 2009 . strategic & defensive missile systems ( s&dms ) sales declined $ 147 million principally due to lower volume on defensive missile programs . the $ 8 million sales decline in satellites primarily was attributable to lower volume on commercial satellites , which partially were offset by higher volume on government satellite activities . there was one commercial satellite delivery in 2010 and one commercial satellite delivery in 2009 . net sales for space systems increased 8% ( 8 % ) in 2009 compared to 2008 . during the year , sales growth at satellites and space transportation offset a decline in s&dms . the sales growth of $ 707 million in satellites was due to higher volume in government satellite activities , which partially was offset by lower volume in commercial satellite activities . there was one commercial satellite delivery in 2009 and two deliveries in 2008 . the increase in sales of $ 21 million in space transportation primarily was due to higher volume on the orion program , which more than offset a decline in the space shuttle 2019s external tank program . there was one commercial launch in both 2009 and 2008 . s&dms 2019 sales decreased by $ 102 million mainly due to lower volume on defensive missile programs , which more than offset growth in strategic missile programs. .
Question: what were average net sales for space systems in millions from 2008 to 2010?
Answer:
|
8309.0
|
what were average net sales for space systems in millions from 2008 to 2010?
|
{
"options": {
"A": "8246.0",
"B": "8654.0",
"C": "8027.0",
"D": "8309.0"
},
"goldenKey": "D"
}
|
{
"A": "8246.0",
"B": "8654.0",
"C": "8027.0",
"D": "8309.0"
}
|
D
|
finqa2521
|
Please answer the given financial question based on the context.
Context: the income approach indicates value for an asset or liability based on the present value of cash flow projected to be generated over the remaining economic life of the asset or liability being measured . both the amount and the duration of the cash flows are considered from a market participant perspective . our estimates of market participant net cash flows considered historical and projected pricing , remaining developmental effort , operational performance including company- specific synergies , aftermarket retention , product life cycles , material and labor pricing , and other relevant customer , contractual and market factors . where appropriate , the net cash flows are adjusted to reflect the uncertainties associated with the underlying assumptions , as well as the risk profile of the net cash flows utilized in the valuation . the adjusted future cash flows are then discounted to present value using an appropriate discount rate . projected cash flow is discounted at a required rate of return that reflects the relative risk of achieving the cash flows and the time value of money . the market approach is a valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable assets , liabilities , or a group of assets and liabilities . valuation techniques consistent with the market approach often use market multiples derived from a set of comparables . the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for property , plant and equipment . the cost to replace a given asset reflects the estimated reproduction or replacement cost , less an allowance for loss in value due to depreciation . the purchase price allocation resulted in the recognition of $ 2.8 billion of goodwill , all of which is expected to be amortizable for tax purposes . substantially all of the goodwill was assigned to our rms business . the goodwill recognized is attributable to expected revenue synergies generated by the integration of our products and technologies with those of sikorsky , costs synergies resulting from the consolidation or elimination of certain functions , and intangible assets that do not qualify for separate recognition , such as the assembled workforce of sikorsky . determining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgments , including the amount and timing of expected future cash flows , long-term growth rates and discount rates . the cash flows employed in the dcf analyses are based on our best estimate of future sales , earnings and cash flows after considering factors such as general market conditions , customer budgets , existing firm orders , expected future orders , contracts with suppliers , labor agreements , changes in working capital , long term business plans and recent operating performance . use of different estimates and judgments could yield different results . impact to 2015 financial results sikorsky 2019s 2015 financial results have been included in our consolidated financial results only for the period from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated financial results for the year ended december 31 , 2015 do not reflect a full year of sikorsky 2019s results . from the november 6 , 2015 acquisition date through december 31 , 2015 , sikorsky generated net sales of approximately $ 400 million and operating loss of approximately $ 45 million , inclusive of intangible amortization and adjustments required to account for the acquisition . we incurred approximately $ 38 million of non-recoverable transaction costs associated with the sikorsky acquisition in 2015 that were expensed as incurred . these costs are included in other income , net on our consolidated statements of earnings . we also incurred approximately $ 48 million in costs associated with issuing the $ 7.0 billion november 2015 notes used to repay all outstanding borrowings under the 364-day facility used to finance the acquisition . the financing costs were recorded as a reduction of debt and will be amortized to interest expense over the term of the related debt . supplemental pro forma financial information ( unaudited ) the following table presents summarized unaudited pro forma financial information as if sikorsky had been included in our financial results for the entire years in 2015 and 2014 ( in millions ) : .
||2015|2014|
|net sales|$ 45366|$ 47369|
|net earnings|3534|3475|
|basic earnings per common share|11.39|10.97|
|diluted earnings per common share|11.23|10.78|
the unaudited supplemental pro forma financial data above has been calculated after applying our accounting policies and adjusting the historical results of sikorsky with pro forma adjustments , net of tax , that assume the acquisition occurred on january 1 , 2014 . significant pro forma adjustments include the recognition of additional amortization expense related to acquired intangible assets and additional interest expense related to the short-term debt used to finance the acquisition . these .
Question: what was the percentage change in net earnings from 2014 to 2015 for the pro forma financials?
Answer:
|
0.01698
|
what was the percentage change in net earnings from 2014 to 2015 for the pro forma financials?
|
{
"options": {
"A": "1.698%",
"B": "16.98%",
"C": "0.1698%",
"D": "0.01698%"
},
"goldenKey": "D"
}
|
{
"A": "1.698%",
"B": "16.98%",
"C": "0.1698%",
"D": "0.01698%"
}
|
D
|
finqa2522
|
Please answer the given financial question based on the context.
Context: 14 . stock compensation plans the following table summarizes stock-based compensation expense recognized in continuing operations in the consolidated statements of income in compensation and benefits ( in millions ) : .
|years ended december 31|2009|2008|2007|
|rsus|$ 124|$ 132|$ 109|
|performance plans|60|67|54|
|stock options|21|24|22|
|employee stock purchase plans|4|3|3|
|total stock-based compensation expense|209|226|188|
|tax benefit|68|82|64|
|stock-based compensation expense net of tax|$ 141|$ 144|$ 124|
during 2009 , the company converted its stock administration system to a new service provider . in connection with this conversion , a reconciliation of the methodologies and estimates utilized was performed , which resulted in a $ 12 million reduction of expense for the year ended december 31 , 2009 . stock awards stock awards , in the form of rsus , are granted to certain employees and consist of both performance-based and service-based rsus . service-based awards generally vest between three and ten years from the date of grant . the fair value of service-based awards is based upon the market price of the underlying common stock at the date of grant . with certain limited exceptions , any break in continuous employment will cause the forfeiture of all unvested awards . compensation expense associated with stock awards is recognized over the service period using the straight-line method . dividend equivalents are paid on certain service-based rsus , based on the initial grant amount . at december 31 , 2009 , 2008 and 2007 , the number of shares available for stock awards is included with options available for grant . performance-based rsus have been granted to certain employees . vesting of these awards is contingent upon meeting various individual , divisional or company-wide performance conditions , including revenue generation or growth in revenue , pretax income or earnings per share over a one- to five-year period . the performance conditions are not considered in the determination of the grant date fair value for these awards . the fair value of performance-based awards is based upon the market price of the underlying common stock at the date of grant . compensation expense is recognized over the performance period , and in certain cases an additional vesting period , based on management 2019s estimate of the number of units expected to vest . compensation expense is adjusted to reflect the actual number of shares paid out at the end of the programs . the payout of shares under these performance-based plans may range from 0-200% ( 0-200 % ) of the number of units granted , based on the plan . dividend equivalents are generally not paid on the performance-based rsus . during 2009 , the company granted approximately 2 million shares in connection with the completion of the 2006 leadership performance plan ( 2018 2018lpp 2019 2019 ) cycle . during 2009 , 2008 and 2007 , the company granted approximately 3.7 million , 4.2 million and 4.3 million restricted shares , respectively , in connection with the company 2019s incentive compensation plans. .
Question: what is the highest income from performance plans?
Answer:
|
67.0
|
what is the highest income from performance plans?
|
{
"options": {
"A": "60.0",
"B": "67.0",
"C": "54.0",
"D": "None of the above"
},
"goldenKey": "B"
}
|
{
"A": "60.0",
"B": "67.0",
"C": "54.0",
"D": "None of the above"
}
|
B
|
finqa2523
|
Please answer the given financial question based on the context.
Context: n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s restricted stock for the years ended december 31 , 2008 , 2007 , and 2006 : number of restricted stock weighted average grant- date fair value .
||number of restricted stock|weighted average grant- date fair value|
|unvested restricted stock december 31 2005|3488668|$ 41.26|
|granted|1632504|$ 56.05|
|vested and issued|-1181249 ( 1181249 )|$ 40.20|
|forfeited|-360734 ( 360734 )|$ 44.04|
|unvested restricted stock december 31 2006|3579189|$ 48.07|
|granted|1818716|$ 56.45|
|vested and issued|-1345412 ( 1345412 )|$ 44.48|
|forfeited|-230786 ( 230786 )|$ 51.57|
|unvested restricted stock december 31 2007|3821707|$ 53.12|
|granted|1836532|$ 59.84|
|vested and issued|-1403826 ( 1403826 )|$ 50.96|
|forfeited|-371183 ( 371183 )|$ 53.75|
|unvested restricted stock december 31 2008|3883230|$ 57.01|
under the provisions of fas 123r , the recognition of deferred compensation , a contra-equity account representing the amount of unrecognized restricted stock expense that is reduced as expense is recognized , at the date restricted stock is granted is no longer permitted . therefore , upon adoption of fas 123r , the amount of deferred compensation that had been reflected in unearned stock grant compensation was reclassified to additional paid-in capital in the company 2019s consolidated balance sheet . restricted stock units the company 2019s 2004 ltip also provides for grants of other awards , including restricted stock units . the company generally grants restricted stock units with a 4-year vesting period , based on a graded vesting schedule . each restricted stock unit repre- sents the company 2019s obligation to deliver to the holder one share of common shares upon vesting . during 2008 , the company awarded 223588 restricted stock units to officers of the company and its subsidiaries with a weighted-average grant date fair value of $ 59.93 . during 2007 , 108870 restricted stock units , with a weighted-average grant date fair value of $ 56.29 were awarded to officers of the company and its subsidiaries . during 2006 , 83370 restricted stock units , with a weighted-average grant date fair value of $ 56.36 were awarded to officers of the company and its subsidiaries . the company also grants restricted stock units with a 1-year vesting period to non-management directors . delivery of common shares on account of these restricted stock units to non-management directors is deferred until six months after the date of the non-management directors 2019 termination from the board . during 2008 , 2007 , and 2006 , 40362 restricted stock units , 29676 restricted stock units , and 23092 restricted stock units , respectively , were awarded to non-management direc- the espp gives participating employees the right to purchase common shares through payroll deductions during consecutive 201csubscription periods . 201d annual purchases by participants are limited to the number of whole shares that can be purchased by an amount equal to ten percent of the participant 2019s compensation or $ 25000 , whichever is less . the espp has two six-month subscription periods , the first of which runs between january 1 and june 30 and the second of which runs between july 1 and december 31 of each year . the amounts that have been collected from participants during a subscription period are used on the 201cexercise date 201d to purchase full shares of common shares . an exercise date is generally the last trading day of a sub- scription period . the number of shares purchased is equal to the total amount , as of the exercise date , that has been collected from the participants through payroll deductions for that subscription period , divided by the 201cpurchase price 201d , rounded down to the next full share . effective for and from the second subscription period of 2007 , the purchase price is 85 percent of the fair value of a common share on the exercise date . prior to the second subscription period of 2007 , the purchase price was calculated as the lower of ( i ) 85 percent of the fair value of a common share on the first day of the subscription period , or .
Question: what is the net change in the number of unvested restricted stocks in 2007?
Answer:
|
242518.0
|
what is the net change in the number of unvested restricted stocks in 2007?
|
{
"options": {
"A": "242518.0",
"B": "371183.0",
"C": "-371183.0",
"D": "-242518.0"
},
"goldenKey": "A"
}
|
{
"A": "242518.0",
"B": "371183.0",
"C": "-371183.0",
"D": "-242518.0"
}
|
A
|
finqa2524
|
Please answer the given financial question based on the context.
Context: adobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2014 . we elected to use the step 1 quantitative assessment for our reporting units and determined that there was no impairment of goodwill . there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2014 , 2013 or 2012 . our intangible assets are amortized over their estimated useful lives of 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|6|
|customer contracts and relationships|10|
|trademarks|8|
|acquired rights to use technology|8|
|localization|1|
|other intangibles|3|
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not . taxes collected from customers we net taxes collected from customers against those remitted to government authorities in our financial statements . accordingly , taxes collected from customers are not reported as revenue. .
Question: is the weighted average useful life ( years ) greater for acquired rights to use technology than localization?
Answer:
|
yes
|
is the weighted average useful life ( years ) greater for acquired rights to use technology than localization?
|
{
"options": {
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
},
"goldenKey": "A"
}
|
{
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
}
|
A
|
finqa2525
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2012 annual report 103 2011 compared with 2010 net income was $ 822 million , compared with $ 1.3 billion in the prior year . private equity reported net income of $ 391 million , compared with $ 588 million in the prior year . net revenue was $ 836 million , a decrease of $ 403 million , primarily related to net write-downs on private investments and the absence of prior year gains on sales . noninterest expense was $ 238 million , a decrease of $ 85 million from the prior treasury and cio reported net income of $ 1.3 billion , compared with net income of $ 3.6 billion in the prior year . net revenue was $ 3.2 billion , including $ 1.4 billion of security gains . net interest income in 2011 was lower compared with 2010 , primarily driven by repositioning of the investment securities portfolio and lower funding benefits from financing the portfolio . other corporate reported a net loss of $ 918 million , compared with a net loss of $ 2.9 billion in the prior year . net revenue was $ 103 million , compared with a net loss of $ 467 million in the prior year . noninterest expense was $ 2.9 billion which included $ 3.2 billion of additional litigation reserves , predominantly for mortgage-related matters . noninterest expense in the prior year was $ 5.5 billion which included $ 5.7 billion of additional litigation reserves . treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital and structural interest rate and foreign exchange risks . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities . treasury is responsible for , among other functions , funds transfer pricing . funds transfer pricing is used to transfer structural interest rate risk and foreign exchange risk of the firm to treasury and cio and allocate interest income and expense to each business based on market rates . cio , through its management of the investment portfolio , generates net interest income to pay the lines of business market rates . any variance ( whether positive or negative ) between amounts generated by cio through its investment portfolio activities and amounts paid to or received by the lines of business are retained by cio , and are not reflected in line of business segment results . treasury and cio activities operate in support of the overall firm . cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs investment portfolio . unrealized gains and losses on securities held in the afs portfolio are recorded in other comprehensive income . for further information about securities in the afs portfolio , see note 3 and note 12 on pages 196 2013214 and 244 2013248 , respectively , of this annual report . cio also uses securities that are not classified within the afs portfolio , as well as derivatives , to meet the firm 2019s asset-liability management objectives . securities not classified within the afs portfolio are recorded in trading assets and liabilities ; realized and unrealized gains and losses on such securities are recorded in the principal transactions revenue line in the consolidated statements of income . for further information about securities included in trading assets and liabilities , see note 3 on pages 196 2013214 of this annual report . derivatives used by cio are also classified as trading assets and liabilities . for further information on derivatives , including the classification of realized and unrealized gains and losses , see note 6 on pages 218 2013227 of this annual report . cio 2019s afs portfolio consists of u.s . and non-u.s . government securities , agency and non-agency mortgage-backed securities , other asset-backed securities and corporate and municipal debt securities . treasury 2019s afs portfolio consists of u.s . and non-u.s . government securities and corporate debt securities . at december 31 , 2012 , the total treasury and cio afs portfolios were $ 344.1 billion and $ 21.3 billion , respectively ; the average credit rating of the securities comprising the treasury and cio afs portfolios was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . see note 12 on pages 244 2013248 of this annual report for further information on the details of the firm 2019s afs portfolio . for further information on liquidity and funding risk , see liquidity risk management on pages 127 2013133 of this annual report . for information on interest rate , foreign exchange and other risks , and cio var and the firm 2019s nontrading interest rate-sensitive revenue at risk , see market risk management on pages 163 2013169 of this annual report . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2012 2011 2010 securities gains ( a ) $ 2028 $ 1385 $ 2897 investment securities portfolio ( average ) 358029 330885 323673 investment securities portfolio ( period 2013end ) 365421 355605 310801 .
|as of or for the year ended december 31 ( in millions )|2012|2011|2010|
|securities gains ( a )|$ 2028|$ 1385|$ 2897|
|investment securities portfolio ( average )|358029|330885|323673|
|investment securities portfolio ( period 2013end )|365421|355605|310801|
|mortgage loans ( average )|10241|13006|9004|
|mortgage loans ( period-end )|7037|13375|10739|
( a ) reflects repositioning of the investment securities portfolio. .
Question: what was the private equity bussiness arm's 2011 efficiency ratio?
Answer:
|
0.28469
|
what was the private equity bussiness arm's 2011 efficiency ratio?
|
{
"options": {
"A": "0.28469",
"B": "0.44762",
"C": "0.66667",
"D": "0.73214"
},
"goldenKey": "A"
}
|
{
"A": "0.28469",
"B": "0.44762",
"C": "0.66667",
"D": "0.73214"
}
|
A
|
finqa2526
|
Please answer the given financial question based on the context.
Context: financial assurance we must provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts . we satisfy these financial assurance requirements by providing surety bonds , letters of credit , or insurance policies ( financial assurance instruments ) , or trust deposits , which are included in restricted cash and marketable securities and other assets in our consolidated balance sheets . the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations . the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill . generally , states require a third-party engineering specialist to determine the estimated capping , closure and post-closure costs that are used to determine the required amount of financial assurance for a landfill . the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s . gaap . the amount of the financial assurance requirements related to contract performance varies by contract . additionally , we must provide financial assurance for our insurance program and collateral for certain performance obligations . we do not expect a material increase in financial assurance requirements during 2018 , although the mix of financial assurance instruments may change . these financial assurance instruments are issued in the normal course of business and are not considered indebtedness . because we currently have no liability for the financial assurance instruments , they are not reflected in our consolidated balance sheets ; however , we record capping , closure and post-closure liabilities and insurance liabilities as they are incurred . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and financial assurances , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . free cash flow we define free cash flow , which is not a measure determined in accordance with u.s . gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment , as presented in our consolidated statements of cash flows . the following table calculates our free cash flow for the years ended december 31 , 2017 , 2016 and 2015 ( in millions of dollars ) : .
||2017|2016|2015|
|cash provided by operating activities|$ 1910.7|$ 1847.8|$ 1679.7|
|purchases of property and equipment|-989.8 ( 989.8 )|-927.8 ( 927.8 )|-945.6 ( 945.6 )|
|proceeds from sales of property and equipment|6.1|9.8|21.2|
|free cash flow|$ 927.0|$ 929.8|$ 755.3|
for a discussion of the changes in the components of free cash flow , see our discussion regarding cash flows provided by operating activities and cash flows used in investing activities contained elsewhere in this management 2019s discussion and analysis of financial condition and results of operations. .
Question: what is the percent change in free cash flow from 2015 to 2016
Answer:
|
0.23103
|
what is the percent change in free cash flow from 2015 to 2016
|
{
"options": {
"A": "0.23103%",
"B": "23.103%",
"C": "2.3103%",
"D": "231.03%"
},
"goldenKey": "A"
}
|
{
"A": "0.23103%",
"B": "23.103%",
"C": "2.3103%",
"D": "231.03%"
}
|
A
|
finqa2527
|
Please answer the given financial question based on the context.
Context: allows us to repurchase shares at times when we may otherwise be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods . subject to applicable regulations , we may elect to amend or cancel this repurchase program or the share repurchase parameters at our discretion . as of december 31 , 2018 , we have repurchased an aggregate of 4510000 shares of common stock under this program . credit facilities and short-term debt we have an unsecured revolving credit facility of $ 2.25 billion that expires in june 2023 . in march 2018 , awcc and its lenders amended and restated the credit agreement with respect to awcc 2019s revolving credit facility to increase the maximum commitments under the facility from $ 1.75 billion to $ 2.25 billion , and to extend the expiration date of the facility from june 2020 to march 2023 . all other terms , conditions and covenants with respect to the existing facility remained unchanged . subject to satisfying certain conditions , the credit agreement also permits awcc to increase the maximum commitment under the facility by up to an aggregate of $ 500 million , and to request extensions of its expiration date for up to two , one-year periods . interest rates on advances under the facility are based on a credit spread to the libor rate or base rate in accordance with moody investors service 2019s and standard & poor 2019s financial services 2019 then applicable credit rating on awcc 2019s senior unsecured , non-credit enhanced debt . the facility is used principally to support awcc 2019s commercial paper program and to provide up to $ 150 million in letters of credit . indebtedness under the facility is considered 201cdebt 201d for purposes of a support agreement between the company and awcc , which serves as a functional equivalent of a guarantee by the company of awcc 2019s payment obligations under the credit facility . awcc also has an outstanding commercial paper program that is backed by the revolving credit facility , the maximum aggregate outstanding amount of which was increased in march 2018 , from $ 1.60 billion to $ 2.10 billion . the following table provides the aggregate credit facility commitments , letter of credit sub-limit under the revolving credit facility and commercial paper limit , as well as the available capacity for each as of december 31 , 2018 and 2017 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity commercial paper limit available commercial capacity ( in millions ) december 31 , 2018 . . . . . . . . $ 2262 $ 2177 $ 150 $ 69 $ 2100 $ 1146 december 31 , 2017 . . . . . . . . 1762 1673 150 66 1600 695 the weighted average interest rate on awcc short-term borrowings for the years ended december 31 , 2018 and 2017 was approximately 2.28% ( 2.28 % ) and 1.24% ( 1.24 % ) , respectively . capital structure the following table provides the percentage of our capitalization represented by the components of our capital structure as of december 31: .
||2018|2017|2016|
|total common shareholders' equity|40.4% ( 40.4 % )|41.0% ( 41.0 % )|42.1% ( 42.1 % )|
|long-term debt and redeemable preferred stock at redemption value|52.4% ( 52.4 % )|49.6% ( 49.6 % )|46.4% ( 46.4 % )|
|short-term debt and current portion of long-term debt|7.2% ( 7.2 % )|9.4% ( 9.4 % )|11.5% ( 11.5 % )|
|total|100% ( 100 % )|100% ( 100 % )|100% ( 100 % )|
.
Question: by how much did the short-term debt and current portion of long-term debt portion of the capital structure decrease from 2016 to 2018?
Answer:
|
-0.043
|
by how much did the short-term debt and current portion of long-term debt portion of the capital structure decrease from 2016 to 2018?
|
{
"options": {
"A": "-0.029",
"B": "-0.043",
"C": "-0.025",
"D": "-0.037"
},
"goldenKey": "B"
}
|
{
"A": "-0.029",
"B": "-0.043",
"C": "-0.025",
"D": "-0.037"
}
|
B
|
finqa2528
|
Please answer the given financial question based on the context.
Context: performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. .
||12/12|12/13|12/14|12/15|12/16|12/17|
|royal caribbean cruises ltd .|100.00|142.11|251.44|313.65|260.04|385.47|
|s&p 500|100.00|132.39|150.51|152.59|170.84|208.14|
|dow jones us travel & leisure|100.00|145.48|169.28|179.27|192.85|238.77|
the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested . past performance is not necessarily an indicator of future results. .
Question: what was the percentage change in the performance of the company's common stock for royal caribbean cruises ltd from 2013 to 2014
Answer:
|
109.33
|
what was the percentage change in the performance of the company's common stock for royal caribbean cruises ltd from 2013 to 2014
|
{
"options": {
"A": "92.11",
"B": "109.33",
"C": "151.44",
"D": "213.65"
},
"goldenKey": "B"
}
|
{
"A": "92.11",
"B": "109.33",
"C": "151.44",
"D": "213.65"
}
|
B
|
finqa2529
|
Please answer the given financial question based on the context.
Context: stock performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or the securities exchange act of 1934 , each as amended , except to the extent that sysco specifically incorporates such information by reference into such filing . the following stock performance graph compares the performance of sysco 2019s common stock to the s&p 500 index and to the s&p 500 food/ staple retail index for sysco 2019s last five fiscal years . the graph assumes that the value of the investment in our common stock , the s&p 500 index , and the s&p 500 food/staple index was $ 100 on the last trading day of fiscal 2006 , and that all dividends were reinvested . performance data for sysco , the s&p 500 index and the s&p 500 food/ staple retail index is provided as of the last trading day of each of our last five fiscal years . comparison of 5 year cumulative total return assumes initial investment of $ 100 .
||7/1/06|6/30/07|6/28/08|6/27/09|7/3/10|7/2/11|
|sysco corporation|$ 100|$ 110|$ 97|$ 82|$ 105|$ 120|
|s&p 500|100|120|105|77|88|117|
|s&p 500 food/staple retail index|100|107|111|92|93|120|
.
Question: what was the difference in percentage return of sysco corporation and the s&p 500 food/staple retail index for the five years ended 7/2/11?
Answer:
|
0.0
|
what was the difference in percentage return of sysco corporation and the s&p 500 food/staple retail index for the five years ended 7/2/11?
|
{
"options": {
"A": "10%",
"B": "15%",
"C": "20%",
"D": "0%"
},
"goldenKey": "D"
}
|
{
"A": "10%",
"B": "15%",
"C": "20%",
"D": "0%"
}
|
D
|
finqa2530
|
Please answer the given financial question based on the context.
Context: consolidated income statement review net income for 2009 was $ 2.4 billion and for 2008 was $ 914 million . amounts for 2009 include operating results of national city and the fourth quarter impact of a $ 687 million after-tax gain related to blackrock 2019s acquisition of bgi . increases in income statement comparisons to 2008 , except as noted , are primarily due to the operating results of national city . our consolidated income statement is presented in item 8 of this report . net interest income and net interest margin year ended december 31 dollars in millions 2009 2008 .
|year ended december 31 dollars in millions|2009|2008|
|net interest income|$ 9083|$ 3854|
|net interest margin|3.82% ( 3.82 % )|3.37% ( 3.37 % )|
changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see statistical information 2013 analysis of year-to-year changes in net interest ( unaudited ) income and average consolidated balance sheet and net interest analysis in item 8 of this report for additional information . higher net interest income for 2009 compared with 2008 reflected the increase in average interest-earning assets due to national city and the improvement in the net interest margin . the net interest margin was 3.82% ( 3.82 % ) for 2009 and 3.37% ( 3.37 % ) for 2008 . the following factors impacted the comparison : 2022 a decrease in the rate accrued on interest-bearing liabilities of 97 basis points . the rate accrued on interest-bearing deposits , the largest component , decreased 107 basis points . 2022 these factors were partially offset by a 45 basis point decrease in the yield on interest-earning assets . the yield on loans , which represented the largest portion of our earning assets in 2009 , decreased 30 basis points . 2022 in addition , the impact of noninterest-bearing sources of funding decreased 7 basis points . for comparing to the broader market , the average federal funds rate was .16% ( .16 % ) for 2009 compared with 1.94% ( 1.94 % ) for 2008 . we expect our net interest income for 2010 will likely be modestly lower as a result of cash recoveries on purchased impaired loans in 2009 and additional run-off of higher- yielding assets , which could be mitigated by rising interest rates . this assumes our current expectations for interest rates and economic conditions 2013 we include our current economic assumptions underlying our forward-looking statements in the cautionary statement regarding forward-looking information section of this item 7 . noninterest income summary noninterest income was $ 7.1 billion for 2009 and $ 2.4 billion for 2008 . noninterest income for 2009 included the following : 2022 the gain on blackrock/bgi transaction of $ 1.076 billion , 2022 net credit-related other-than-temporary impairments ( otti ) on debt and equity securities of $ 577 million , 2022 net gains on sales of securities of $ 550 million , 2022 gains on hedging of residential mortgage servicing rights of $ 355 million , 2022 valuation and sale income related to our commercial mortgage loans held for sale , net of hedges , of $ 107 million , 2022 gains of $ 103 million related to our blackrock ltip shares adjustment in the first quarter , and net losses on private equity and alternative investments of $ 93 million . noninterest income for 2008 included the following : 2022 net otti on debt and equity securities of $ 312 million , 2022 gains of $ 246 million related to our blackrock ltip shares adjustment , 2022 valuation and sale losses related to our commercial mortgage loans held for sale , net of hedges , of $ 197 million , 2022 impairment and other losses related to private equity and alternative investments of $ 180 million , 2022 income from hilliard lyons totaling $ 164 million , including the first quarter gain of $ 114 million from the sale of this business , 2022 net gains on sales of securities of $ 106 million , and 2022 a gain of $ 95 million related to the redemption of a portion of our visa class b common shares related to visa 2019s march 2008 initial public offering . additional analysis asset management revenue increased $ 172 million to $ 858 million in 2009 , compared with $ 686 million in 2008 . this increase reflected improving equity markets , new business generation and a shift in assets into higher yielding equity investments during the second half of 2009 . assets managed totaled $ 103 billion at both december 31 , 2009 and 2008 , including the impact of national city . the asset management group section of the business segments review section of this item 7 includes further discussion of assets under management . consumer services fees totaled $ 1.290 billion in 2009 compared with $ 623 million in 2008 . service charges on deposits totaled $ 950 million for 2009 and $ 372 million for 2008 . both increases were primarily driven by the impact of the national city acquisition . reduced consumer spending .
Question: what was the ratio of the net interest income in 2009 to 2008
Answer:
|
2.35677
|
what was the ratio of the net interest income in 2009 to 2008
|
{
"options": {
"A": "3.82%",
"B": "3.37%",
"C": "2.35677",
"D": "1.94%"
},
"goldenKey": "C"
}
|
{
"A": "3.82%",
"B": "3.37%",
"C": "2.35677",
"D": "1.94%"
}
|
C
|
finqa2531
|
Please answer the given financial question based on the context.
Context: the fair value for these options was estimated at the date of grant using a black-scholes option pricing model with the following weighted-average assumptions for 2006 , 2005 and 2004: .
||2006|2005|2004|
|weighted average fair value of options granted|$ 20.01|$ 9.48|$ 7.28|
|expected volatility|0.3534|0.3224|0.3577|
|distribution yield|1.00% ( 1.00 % )|0.98% ( 0.98 % )|1.30% ( 1.30 % )|
|expected life of options in years|6.3|6.3|6.3|
|risk-free interest rate|5% ( 5 % )|4% ( 4 % )|4% ( 4 % )|
the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable . in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility . because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options . the total fair value of shares vested during 2006 , 2005 , and 2004 was $ 9413 , $ 8249 , and $ 6418 respectively . the aggregate intrinsic values of options outstanding and exercisable at december 30 , 2006 were $ 204.1 million and $ 100.2 million , respectively . the aggregate intrinsic value of options exercised during the year ended december 30 , 2006 was $ 42.8 million . aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 55.66 on december 29 , 2006 , and the exercise price multiplied by the number of options outstanding . as of december 30 , 2006 , there was $ 64.2 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the option plans . that cost is expected to be recognized over a period of five years . employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) . up to 2000000 shares of common stock have been reserved for the espp . shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date . the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code . during 2006 , 2005 , and 2004 , 124693 , 112798 , and 117900 shares were purchased under the plan for a total purchase price of $ 3569 , $ 2824 , and $ 2691 , respectively . at december 30 , 2006 , approximately 1116811 shares were available for future issuance. .
Question: considering the weighted average fair value of options , what was the decrease between shares that vested in 2006 and 2005?
Answer:
|
399.73289
|
considering the weighted average fair value of options , what was the decrease between shares that vested in 2006 and 2005?
|
{
"options": {
"A": "399.73289",
"B": "399.73290",
"C": "399.73291",
"D": "399.73292"
},
"goldenKey": "A"
}
|
{
"A": "399.73289",
"B": "399.73290",
"C": "399.73291",
"D": "399.73292"
}
|
A
|
finqa2532
|
Please answer the given financial question based on the context.
Context: entergy new orleans , inc . management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
||amount ( in millions )|
|2006 net revenue|$ 192.2|
|fuel recovery|42.6|
|volume/weather|25.6|
|rider revenue|8.5|
|net wholesale revenue|-41.2 ( 41.2 )|
|other|3.3|
|2007 net revenue|$ 231.0|
the fuel recovery variance is due to the inclusion of grand gulf costs in fuel recoveries effective july 1 , 2006 . in june 2006 , the city council approved the recovery of grand gulf costs through the fuel adjustment clause , without a corresponding change in base rates ( a significant portion of grand gulf costs was previously recovered through base rates ) . the volume/weather variance is due to an increase in electricity usage in the service territory in 2007 compared to the same period in 2006 . the first quarter 2006 was affected by customer losses following hurricane katrina . entergy new orleans estimates that approximately 132000 electric customers and 86000 gas customers have returned and are taking service as of december 31 , 2007 , compared to approximately 95000 electric customers and 65000 gas customers as of december 31 , 2006 . billed retail electricity usage increased a total of 540 gwh compared to the same period in 2006 , an increase of 14% ( 14 % ) . the rider revenue variance is due primarily to a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 . the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account . the settlement agreement is discussed in note 2 to the financial statements . the net wholesale revenue variance is due to more energy available for resale in 2006 due to the decrease in retail usage caused by customer losses following hurricane katrina . in addition , 2006 revenue includes the sales into the wholesale market of entergy new orleans' share of the output of grand gulf , pursuant to city council approval of measures proposed by entergy new orleans to address the reduction in entergy new orleans' retail customer usage caused by hurricane katrina and to provide revenue support for the costs of entergy new orleans' share of grand other income statement variances 2008 compared to 2007 other operation and maintenance expenses decreased primarily due to : a provision for storm-related bad debts of $ 11 million recorded in 2007 ; a decrease of $ 6.2 million in legal and professional fees ; a decrease of $ 3.4 million in employee benefit expenses ; and a decrease of $ 1.9 million in gas operations spending due to higher labor and material costs for reliability work in 2007. .
Question: what is the percent change in electric customers between 2006 and 2007?
Answer:
|
0.38947
|
what is the percent change in electric customers between 2006 and 2007?
|
{
"options": {
"A": "0.38947",
"B": "0.14000",
"C": "0.50000",
"D": "0.25000"
},
"goldenKey": "A"
}
|
{
"A": "0.38947",
"B": "0.14000",
"C": "0.50000",
"D": "0.25000"
}
|
A
|
finqa2533
|
Please answer the given financial question based on the context.
Context: leases , was $ 92 million , $ 80 million , and $ 72 million in 2002 , 2001 , and 2000 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 28 , 2002 , are as follows ( in millions ) : concentrations in the available sources of supply of materials and product although certain components essential to the company's business are generally available from multiple sources , other key components ( including microprocessors and application-specific integrated circuits , or ( "asics" ) ) are currently obtained by the company from single or limited sources . some other key components , while currently available to the company from multiple sources , are at times subject to industry- wide availability and pricing pressures . in addition , the company uses some components that are not common to the rest of the personal computer industry , and new products introduced by the company often initially utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers . if the supply of a key single-sourced component to the company were to be delayed or curtailed or in the event a key manufacturing vendor delays shipments of completed products to the company , the company's ability to ship related products in desired quantities and in a timely manner could be adversely affected . the company's business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source . continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company's requirements . finally , significant portions of the company's cpus , logic boards , and assembled products are now manufactured by outsourcing partners , the majority of which occurs in various parts of asia . although the company works closely with its outsourcing partners on manufacturing schedules and levels , the company's operating results could be adversely affected if its outsourcing partners were unable to meet their production obligations . contingencies beginning on september 27 , 2001 , three shareholder class action lawsuits were filed in the united states district court for the northern district of california against the company and its chief executive officer . these lawsuits are substantially identical , and purport to bring suit on behalf of persons who purchased the company's publicly traded common stock between july 19 , 2000 , and september 28 , 2000 . the complaints allege violations of the 1934 securities exchange act and seek unspecified compensatory damages and other relief . the company believes these claims are without merit and intends to defend them vigorously . the company filed a motion to dismiss on june 4 , 2002 , which was heard by the court on september 13 , 2002 . on december 11 , 2002 , the court granted the company's motion to dismiss for failure to state a cause of action , with leave to plaintiffs to amend their complaint within thirty days . the company is subject to certain other legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated . in the opinion of management , the company does not have a potential liability related to any current legal proceedings and claims that would have a material adverse effect on its financial condition , liquidity or results of operations . however , the results of legal proceedings cannot be predicted with certainty . should the company fail to prevail in any of these legal matters or should several of these legal matters be resolved against the company in the same reporting period , the operating results of a particular reporting period could be materially adversely affected . the parliament of the european union is working on finalizing the waste electrical and electronic equipment directive ( the directive ) . the directive makes producers of electrical goods , including personal computers , financially responsible for the collection , recycling , and safe disposal of past and future products . the directive must now be approved and implemented by individual european union governments by june 2004 , while the producers' financial obligations are scheduled to start june 2005 . the company's potential liability resulting from the directive related to past sales of its products and expenses associated with future sales of its product may be substantial . however , because it is likely that specific laws , regulations , and enforcement policies will vary significantly between individual european member states , it is not currently possible to estimate the company's existing liability or future expenses resulting from the directive . as the european union and its individual member states clarify specific requirements and policies with respect to the directive , the company will continue to assess its potential financial impact . similar legislation may be enacted in other geographies , including federal and state legislation in the united states , the cumulative impact of which could be significant . fiscal years .
|2003|$ 83|
|2004|78|
|2005|66|
|2006|55|
|2007|42|
|later years|140|
|total minimum lease payments|$ 464|
.
Question: what was the increase in total minimum lease payments between 2006 and 2007 in millions?
Answer:
|
13.0
|
what was the increase in total minimum lease payments between 2006 and 2007 in millions?
|
{
"options": {
"A": "10.0",
"B": "11.0",
"C": "12.0",
"D": "13.0"
},
"goldenKey": "D"
}
|
{
"A": "10.0",
"B": "11.0",
"C": "12.0",
"D": "13.0"
}
|
D
|
finqa2534
|
Please answer the given financial question based on the context.
Context: table of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2017 . period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) .
|period|total numberof sharespurchased|averageprice paidper share|total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a )|total number ofshares purchased aspart of publiclyannounced plans orprograms|approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )|
|october 2017|515762|$ 77.15|292145|223617|$ 1.6 billion|
|november 2017|2186889|$ 81.21|216415|1970474|$ 1.4 billion|
|december 2017|2330263|$ 87.76|798|2329465|$ 1.2 billion|
|total|5032914|$ 83.83|509358|4523556|$ 1.2 billion|
( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2017 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans . ( b ) on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock ( the 2016 program ) with no expiration date . as of december 31 , 2017 , we had $ 1.2 billion remaining available for purchase under the 2016 program . on january 23 , 2018 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date. .
Question: for the fourth quarter of 2017 what was the percent of the total number of shares purchased in november
Answer:
|
0.43452
|
for the fourth quarter of 2017 what was the percent of the total number of shares purchased in november
|
{
"options": {
"A": "0.043452",
"B": "0.43452",
"C": "4.3452",
"D": "43.452"
},
"goldenKey": "B"
}
|
{
"A": "0.043452",
"B": "0.43452",
"C": "4.3452",
"D": "43.452"
}
|
B
|
finqa2536
|
Please answer the given financial question based on the context.
Context: performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2011 to december 31 , 2016. .
||12/11|12/12|12/13|12/14|12/15|12/16|
|royal caribbean cruises ltd .|100.00|139.36|198.03|350.40|437.09|362.38|
|s&p 500|100.00|116.00|153.58|174.60|177.01|198.18|
|dow jones us travel & leisure|100.00|113.33|164.87|191.85|203.17|218.56|
the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2011 and that all dividends were reinvested . past performance is not necessarily an indicator of future results. .
Question: what was the percentage increase in the stock performance of the royal caribbean cruises ltd . from 2012 to 2013
Answer:
|
0.421
|
what was the percentage increase in the stock performance of the royal caribbean cruises ltd . from 2012 to 2013
|
{
"options": {
"A": "0.421",
"B": "0.4215",
"C": "0.4218",
"D": "0.422"
},
"goldenKey": "A"
}
|
{
"A": "0.421",
"B": "0.4215",
"C": "0.4218",
"D": "0.422"
}
|
A
|
finqa2537
|
Please answer the given financial question based on the context.
Context: zimmer biomet holdings , inc . 2018 form 10-k annual report ( 8 ) we have incurred other various expenses from specific events or projects that we consider highly variable or have a significant impact to our operating results that we have excluded from our non-gaap financial measures . this includes legal entity and operational restructuring as well as our costs of complying with our dpa with the u.s . government related to certain fcpa matters involving biomet and certain of its subsidiaries . under the dpa , which has a three-year term , we are subject to oversight by an independent compliance monitor , which monitorship commenced in july 2017 . the excluded costs include the fees paid to the independent compliance monitor and to external legal counsel assisting in the matter . ( 9 ) represents the tax effects on the previously specified items . the tax effect for the u.s . jurisdiction is calculated based on an effective rate considering federal and state taxes , as well as permanent items . for jurisdictions outside the u.s. , the tax effect is calculated based upon the statutory rates where the items were incurred . ( 10 ) the 2016 period includes negative effects from finalizing the tax accounts for the biomet merger . under the applicable u.s . gaap rules , these measurement period adjustments are recognized on a prospective basis in the period of change . ( 11 ) the 2017 tax act resulted in a net favorable provisional adjustment due to the reduction of deferred tax liabilities for unremitted earnings and revaluation of deferred tax liabilities to a 21 percent rate , which was partially offset by provisional tax charges related to the toll charge provision of the 2017 tax act . in 2018 , we finalized our estimates of the effects of the 2017 tax act based upon final guidance issued by u.s . tax authorities . ( 12 ) other certain tax adjustments in 2018 primarily related to changes in tax rates on deferred tax liabilities recorded on intangible assets recognized in acquisition-related accounting and adjustments from internal restructuring transactions that provide us access to offshore funds in a tax efficient manner . in 2017 , other certain tax adjustments relate to tax benefits from lower tax rates unrelated to the impact of the 2017 tax act , net favorable resolutions of various tax matters and net favorable adjustments from internal restructuring transactions . the 2016 adjustment primarily related to a favorable adjustment to certain deferred tax liabilities recognized as part of acquisition-related accounting and favorable resolution of certain tax matters with taxing authorities offset by internal restructuring transactions that provide us access to offshore funds in a tax efficient manner . ( 13 ) diluted share count used in adjusted diluted eps : year ended december 31 , 2018 .
||year endeddecember 31 2018|
|diluted shares|203.5|
|dilutive shares assuming net earnings|1.5|
|adjusted diluted shares|205.0|
liquidity and capital resources cash flows provided by operating activities were $ 1747.4 million in 2018 compared to $ 1582.3 million and $ 1632.2 million in 2017 and 2016 , respectively . the increase in operating cash flows in 2018 compared to 2017 was driven by additional cash flows from our sale of accounts receivable in certain countries , lower acquisition and integration expenses and lower quality remediation expenses , as well as certain significant payments made in the 2017 period . in the 2017 period , we made payments related to the u.s . durom cup settlement program , and we paid $ 30.5 million in settlement payments to resolve previously-disclosed fcpa matters involving biomet and certain of its subsidiaries as discussed in note 19 to our consolidated financial statements included in item 8 of this report . the decline in operating cash flows in 2017 compared to 2016 was driven by additional investments in inventory , additional expenses for quality remediation and the significant payments made in the 2017 period as discussed in the previous sentence . these unfavorable items were partially offset by $ 174.0 million of incremental cash flows in 2017 from our sale of accounts receivable in certain countries . cash flows used in investing activities were $ 416.6 million in 2018 compared to $ 510.8 million and $ 1691.5 million in 2017 and 2016 , respectively . instrument and property , plant and equipment additions reflected ongoing investments in our product portfolio and optimization of our manufacturing and logistics network . in 2018 , we entered into receive-fixed-rate , pay-fixed-rate cross-currency interest rate swaps . our investing cash flows reflect the net cash inflows from the fixed- rate interest rate receipts/payments , as well as the termination of certain of these swaps that were in a gain position in the year . the 2016 period included cash outflows for the acquisition of ldr holding corporation ( 201cldr 201d ) and other business acquisitions . additionally , the 2016 period reflects the maturity of available-for-sale debt securities . as these investments matured , we used the cash to pay off debt and have not reinvested in any additional debt securities . cash flows used in financing activities were $ 1302.2 million in 2018 . our primary use of available cash in 2018 was for debt repayment . we received net proceeds of $ 749.5 million from the issuance of additional senior notes and borrowed $ 400.0 million from our multicurrency revolving facility to repay $ 1150.0 million of senior notes that became due on april 2 , 2018 . we subsequently repaid the $ 400.0 million of multicurrency revolving facility borrowings . also in 2018 , we borrowed another $ 675.0 million under a new u.s . term loan c and used the cash proceeds along with cash generated from operations throughout the year to repay an aggregate of $ 835.0 million on u.s . term loan a , $ 450.0 million on u.s . term loan b , and we subsequently repaid $ 140.0 million on u.s . term loan c . overall , we had approximately $ 1150 million of net principal repayments on our senior notes and term loans in 2018 . in 2017 , our primary use of available cash was also for debt repayment compared to 2016 when we were not able to repay as much debt due to financing requirements to complete the ldr and other business acquisitions . additionally in 2017 , we had net cash inflows of $ 103.5 million on factoring programs that had not been remitted to the third party . in 2018 , we had net cash outflows related to these factoring programs as we remitted the $ 103.5 million and collected only $ 66.8 million which had not yet been remitted by the end of the year . since our factoring programs started at the end of 2016 , we did not have similar cash flows in that year . in january 2019 , we borrowed an additional $ 200.0 million under u.s . term loan c and used those proceeds , along with cash on hand , to repay the remaining $ 225.0 million outstanding under u.s . term loan b . in february , may , august and december 2018 , our board of directors declared cash dividends of $ 0.24 per share . we expect to continue paying cash dividends on a quarterly basis ; however , future dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change . as further discussed in note 11 to our consolidated financial statements , our debt facilities restrict the payment of dividends in certain circumstances. .
Question: what was the percentage change in cash flows used in investing activities from 2016 to 2017?
Answer:
|
-0.69802
|
what was the percentage change in cash flows used in investing activities from 2016 to 2017?
|
{
"options": {
"A": "-0.69802%",
"B": "-69.802%",
"C": "0.69802%",
"D": "69.802%"
},
"goldenKey": "A"
}
|
{
"A": "-0.69802%",
"B": "-69.802%",
"C": "0.69802%",
"D": "69.802%"
}
|
A
|
finqa2538
|
Please answer the given financial question based on the context.
Context: financial statement impact we believe that our accruals for sales returns , rebates , and discounts are reasonable and appropriate based on current facts and circumstances . our global rebate and discount liabilities are included in sales rebates and discounts on our consolidated balance sheet . our global sales return liability is included in other current liabilities and other noncurrent liabilities on our consolidated balance sheet . as of december 31 , 2018 , a 5 percent change in our global sales return , rebate , and discount liability would have led to an approximate $ 275 million effect on our income before income taxes . the portion of our global sales return , rebate , and discount liability resulting from sales of our products in the u.s . was approximately 90 percent as of december 31 , 2018 and december 31 , 2017 . the following represents a roll-forward of our most significant u.s . pharmaceutical sales return , rebate , and discount liability balances , including managed care , medicare , and medicaid: .
|( dollars in millions )|2018|2017|
|sales return rebate and discount liabilities beginning of year|$ 4172.0|$ 3601.8|
|reduction of net sales due to sales returns discounts and rebates ( 1 )|12529.6|10603.4|
|cash payments of discounts and rebates|-12023.4 ( 12023.4 )|-10033.2 ( 10033.2 )|
|sales return rebate and discount liabilities end of year|$ 4678.2|$ 4172.0|
( 1 ) adjustments of the estimates for these returns , rebates , and discounts to actual results were approximately 1 percent of consolidated net sales for each of the years presented . product litigation liabilities and other contingencies background and uncertainties product litigation liabilities and other contingencies are , by their nature , uncertain and based upon complex judgments and probabilities . the factors we consider in developing our product litigation liability reserves and other contingent liability amounts include the merits and jurisdiction of the litigation , the nature and the number of other similar current and past matters , the nature of the product and the current assessment of the science subject to the litigation , and the likelihood of settlement and current state of settlement discussions , if any . in addition , we accrue for certain product liability claims incurred , but not filed , to the extent we can formulate a reasonable estimate of their costs based primarily on historical claims experience and data regarding product usage . we accrue legal defense costs expected to be incurred in connection with significant product liability contingencies when both probable and reasonably estimable . we also consider the insurance coverage we have to diminish the exposure for periods covered by insurance . in assessing our insurance coverage , we consider the policy coverage limits and exclusions , the potential for denial of coverage by the insurance company , the financial condition of the insurers , and the possibility of and length of time for collection . due to a very restrictive market for product liability insurance , we are self-insured for product liability losses for all our currently marketed products . in addition to insurance coverage , we also consider any third-party indemnification to which we are entitled or under which we are obligated . with respect to our third-party indemnification rights , these considerations include the nature of the indemnification , the financial condition of the indemnifying party , and the possibility of and length of time for collection . the litigation accruals and environmental liabilities and the related estimated insurance recoverables have been reflected on a gross basis as liabilities and assets , respectively , on our consolidated balance sheets . impairment of indefinite-lived and long-lived assets background and uncertainties we review the carrying value of long-lived assets ( both intangible and tangible ) for potential impairment on a periodic basis and whenever events or changes in circumstances indicate the carrying value of an asset ( or asset group ) may not be recoverable . we identify impairment by comparing the projected undiscounted cash flows to be generated by the asset ( or asset group ) to its carrying value . if an impairment is identified , a loss is recorded equal to the excess of the asset 2019s net book value over its fair value , and the cost basis is adjusted . goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually and when certain impairment indicators are present . when required , a comparison of fair value to the carrying amount of assets is performed to determine the amount of any impairment. .
Question: what was the percentage change in reduction of net sales due to sales returns discounts and rebates between 2017 and 2018?
Answer:
|
0.18166
|
what was the percentage change in reduction of net sales due to sales returns discounts and rebates between 2017 and 2018?
|
{
"options": {
"A": "18.166%",
"B": "1.8166%",
"C": "0.18166%",
"D": "0.018166%"
},
"goldenKey": "C"
}
|
{
"A": "18.166%",
"B": "1.8166%",
"C": "0.18166%",
"D": "0.018166%"
}
|
C
|
finqa2539
|
Please answer the given financial question based on the context.
Context: dispositions of depreciable real estate assets excluded from discontinued operations we recorded a gain on sale of depreciable assets excluded from discontinued operations of $ 190.0 million for the year ended december 31 , 2015 , an increase of approximately $ 147.3 million from the $ 42.6 million gain on sale of depreciable assets recorded for the year ended december 31 , 2014 . the increase was primarily the result of increased disposition activity . dispositions increased from eight multifamily properties for the year ended december 31 , 2014 , to 21 multifamily properties for the year ended december 31 , 2015 . gain from real estate joint ventures we recorded a gain from real estate joint ventures of $ 6.0 million during the year ended december 31 , 2014 as opposed to no material gain or loss being recorded during the year ended december 31 , 2015 . the decrease was primarily a result of recording a $ 3.4 million gain for the disposition of ansley village by mid-america multifamily fund ii , or fund ii , as well as a $ 2.8 million gain for the promote fee received from our fund ii partner during 2014 . the promote fee was received as a result of maa achieving certain performance metrics in its management of the fund ii properties over the life of the joint venture . there were no such gains recorded during the year ended december 31 , 2015 . discontinued operations we recorded a gain on sale of discontinued operations of $ 5.4 million for the year ended december 31 , 2014 . we did not record a gain or loss on sale of discontinued operations during the year ended december 31 , 2015 , due to the adoption of asu 2014-08 , reporting discontinued operations and disclosures of disposals of components of an entity , which resulted in dispositions being included in the gain on sale of depreciable real estate assets excluded from discontinued operations and is discussed further below . net income attributable to noncontrolling interests net income attributable to noncontrolling interests for the year ended december 31 , 2015 was approximately $ 18.5 million , an increase of $ 10.2 million from the year ended december 31 , 2014 . this increase is consistent with the increase to overall net income and is primarily a result of the items discussed above . net income attributable to maa primarily as a result of the items discussed above , net income attributable to maa increased by approximately $ 184.3 million in the year ended december 31 , 2015 from the year ended december 31 , 2014 . comparison of the year ended december 31 , 2014 to the year ended december 31 , 2013 the comparison of the year ended december 31 , 2014 to the year ended december 31 , 2013 shows the segment break down based on the 2014 same store portfolios . a comparison using the 2015 same store portfolio would not be comparative due to the nature of the classifications as a result of the merger . property revenues the following table shows our property revenues by segment for the years ended december 31 , 2014 and december 31 , 2013 ( dollars in thousands ) : year ended december 31 , 2014 year ended december 31 , 2013 increase percentage increase .
||year ended december 31 2014|year ended december 31 2013|increase|percentage increase|
|large market same store|$ 252029|$ 241194|$ 10835|4.5% ( 4.5 % )|
|secondary market same store|246800|242464|4336|1.8% ( 1.8 % )|
|same store portfolio|498829|483658|15171|3.1% ( 3.1 % )|
|non-same store and other|493349|151185|342164|226.3% ( 226.3 % )|
|total|$ 992178|$ 634843|$ 357335|56.3% ( 56.3 % )|
job title mid-america apartment 10-k revision 1 serial <12345678> date sunday , march 20 , 2016 job number 304352-1 type page no . 51 operator abigaels .
Question: what was the ratio of the property revenues for the large market same store to the secondary market same store in 2014
Answer:
|
1.02119
|
what was the ratio of the property revenues for the large market same store to the secondary market same store in 2014
|
{
"options": {
"A": "1.02119",
"B": "4.5%",
"C": "1.8%",
"D": "56.3%"
},
"goldenKey": "A"
}
|
{
"A": "1.02119",
"B": "4.5%",
"C": "1.8%",
"D": "56.3%"
}
|
A
|
finqa2540
|
Please answer the given financial question based on the context.
Context: performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 77787 common stockholders of record as of january 31 , 2017 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2016 . the graph and table assume that $ 100 was invested on december 31 , 2011 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
|date|citi|s&p 500|s&p financials|
|31-dec-2011|100.0|100.0|100.0|
|31-dec-2012|150.6|116.0|128.8|
|31-dec-2013|198.5|153.6|174.7|
|31-dec-2014|206.3|174.6|201.3|
|31-dec-2015|197.8|177.0|198.2|
|31-dec-2016|229.3|198.2|243.4|
.
Question: what was the percent of the growth for s&p financials cumulative total return from 2013 to 2014
Answer:
|
26.6
|
what was the percent of the growth for s&p financials cumulative total return from 2013 to 2014
|
{
"options": {
"A": "15.2%",
"B": "26.6%",
"C": "16.7%",
"D": "20.1%"
},
"goldenKey": "B"
}
|
{
"A": "15.2%",
"B": "26.6%",
"C": "16.7%",
"D": "20.1%"
}
|
B
|
finqa2541
|
Please answer the given financial question based on the context.
Context: other income and expense for the three fiscal years ended september 28 , 2002 are as follows ( in millions ) : gains and losses on non-current investments investments categorized as non-current debt and equity investments on the consolidated balance sheet are in equity and debt instruments of public companies . the company's non-current debt and equity investments , and certain investments in private companies carried in other assets , have been categorized as available-for-sale requiring that they be carried at fair value with unrealized gains and losses , net of taxes , reported in equity as a component of accumulated other comprehensive income . however , the company recognizes an impairment charge to earnings in the event a decline in fair value below the cost basis of one of these investments is determined to be other-than-temporary . the company includes recognized gains and losses resulting from the sale or from other-than-temporary declines in fair value associated with these investments in other income and expense . further information related to the company's non-current debt and equity investments may be found in part ii , item 8 of this form 10-k at note 2 of notes to consolidated financial statements . during 2002 , the company determined that declines in the fair value of certain of these investments were other-than-temporary . as a result , the company recognized a $ 44 million charge to earnings to write-down the basis of its investment in earthlink , inc . ( earthlink ) , a $ 6 million charge to earnings to write-down the basis of its investment in akamai technologies , inc . ( akamai ) , and a $ 15 million charge to earnings to write-down the basis of its investment in a private company investment . these losses in 2002 were partially offset by the sale of 117000 shares of earthlink stock for net proceeds of $ 2 million and a gain before taxes of $ 223000 , the sale of 250000 shares of akamai stock for net proceeds of $ 2 million and a gain before taxes of $ 710000 , and the sale of approximately 4.7 million shares of arm holdings plc ( arm ) stock for both net proceeds and a gain before taxes of $ 21 million . during 2001 , the company sold a total of approximately 1 million shares of akamai stock for net proceeds of $ 39 million and recorded a gain before taxes of $ 36 million , and sold a total of approximately 29.8 million shares of arm stock for net proceeds of $ 176 million and recorded a gain before taxes of $ 174 million . these gains during 2001 were partially offset by a $ 114 million charge to earnings that reflected an other- than-temporary decline in the fair value of the company's investment in earthlink and an $ 8 million charge that reflected an other-than- temporary decline in the fair value of certain private company investments . during 2000 , the company sold a total of approximately 45.2 million shares of arm stock for net proceeds of $ 372 million and a gain before taxes of $ 367 million . the combined carrying value of the company's investments in earthlink , akamai , and arm as of september 28 , 2002 , was $ 39 million . the company believes it is likely there will continue to be significant fluctuations in the fair value of these investments in the future . accounting for derivatives and cumulative effect of accounting change on october 1 , 2000 , the company adopted statement of financial accounting standard ( sfas ) no . 133 , accounting for derivative instruments and hedging activities . sfas no . 133 established accounting and reporting standards for derivative instruments , hedging activities , and exposure definition . net of the related income tax effect of approximately $ 5 million , adoption of sfas no . 133 resulted in a favorable cumulative-effect-type adjustment to net income of approximately $ 12 million for the first quarter of 2001 . the $ 17 million gross transition adjustment was comprised of a $ 23 million favorable adjustment for the restatement to fair value of the derivative component of the company's investment in samsung electronics co. , ltd . ( samsung ) , partially offset by the unfavorable adjustments to certain foreign currency and interest rate derivatives . sfas no . 133 also required the company to adjust the carrying value of the derivative component of its investment in samsung to earnings during the first quarter of 2001 , the before tax effect of which was an unrealized loss of approximately $ 13 million . interest and other income , net net interest and other income was $ 112 million in fiscal 2002 , compared to $ 217 million in fiscal 2001 . this $ 105 million or 48% ( 48 % ) decrease is .
||2002|2001|2000|
|gains ( losses ) on non-current investments net|$ -42 ( 42 )|$ 88|$ 367|
|unrealized loss on convertible securities|$ 2014|-13 ( 13 )|$ 2014|
|interest income|$ 118|$ 218|$ 210|
|interest expense|-11 ( 11 )|-16 ( 16 )|-21 ( 21 )|
|miscellaneous other income and expense|5|15|14|
|interest and other income net|$ 112|$ 217|$ 203|
|total other income and expense|$ 70|$ 292|$ 570|
total other income and expense .
Question: what was the change in millions of total other income and expense from 2000 to 2001?
Answer:
|
-278.0
|
what was the change in millions of total other income and expense from 2000 to 2001?
|
{
"options": {
"A": "-278.0",
"B": "278.0",
"C": "-278.0",
"D": "570.0"
},
"goldenKey": "A"
}
|
{
"A": "-278.0",
"B": "278.0",
"C": "-278.0",
"D": "570.0"
}
|
A
|
finqa2542
|
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 december 31 , 2011 , 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 december 31 , december 29 , december 28 , january 3 , january 2 , december 31 .
|company/index|december 31 2011|december 29 2012|december 28 2013|january 3 2015|january 2 2016|december 31 2016|
|advance auto parts|$ 100.00|$ 102.87|$ 158.46|$ 228.88|$ 217.49|$ 244.64|
|s&p 500 index|100.00|114.07|152.98|174.56|177.01|198.18|
|s&p retail index|100.00|122.23|178.55|196.06|245.31|256.69|
.
Question: what is the rate of return on an investment in s&p500 index from 2015 to 2016?
Answer:
|
0.01404
|
what is the rate of return on an investment in s&p500 index from 2015 to 2016?
|
{
"options": {
"A": "0.01404",
"B": "0.0404",
"C": "0.1404",
"D": "0.404"
},
"goldenKey": "A"
}
|
{
"A": "0.01404",
"B": "0.0404",
"C": "0.1404",
"D": "0.404"
}
|
A
|
finqa2543
|
Please answer the given financial question based on the context.
Context: during the third quarter ended 30 june 2017 , we recognized a goodwill impairment charge of $ 145.3 and an intangible asset impairment charge of $ 16.8 associated with our lasa reporting unit . refer to note 11 , goodwill , and note 12 , intangible assets , for more information related to these charges and the associated fair value measurement methods and significant inputs/assumptions , which were classified as level 3 since unobservable inputs were utilized in the fair value measurements . 16 . debt the tables below summarize our outstanding debt at 30 september 2019 and 2018 : total debt .
|30 september|2019|2018|
|short-term borrowings|$ 58.2|$ 54.3|
|current portion of long-term debt ( a ) ( b )|40.4|406.6|
|long-term debt|2907.3|2967.4|
|long-term debt 2013 related party ( b )|320.1|384.3|
|total debt|$ 3326.0|$ 3812.6|
( a ) fiscal year 2019 includes the current portion of long-term debt owed to a related party of $ 37.8 . ( b ) refer to note 7 , acquisitions , for additional information regarding related party debt . short-term borrowings short-term borrowings consisted of bank obligations of $ 58.2 and $ 54.3 at 30 september 2019 and 2018 , respectively . the weighted average interest rate of short-term borrowings outstanding at 30 september 2019 and 2018 was 3.7% ( 3.7 % ) and 5.0% ( 5.0 % ) , respectively. .
Question: what is the short-term debt as a percent of long-term debt , in 2019?
Answer:
|
0.01803
|
what is the short-term debt as a percent of long-term debt , in 2019?
|
{
"options": {
"A": "0.01803",
"B": "0.01758",
"C": "0.01942",
"D": "0.02017"
},
"goldenKey": "A"
}
|
{
"A": "0.01803",
"B": "0.01758",
"C": "0.01942",
"D": "0.02017"
}
|
A
|
finqa2544
|
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 percentage of 2018 ending balance of proven undeveloped reserves consisted ofextensions discoveries and other additions?
Answer:
|
0.11531
|
what percentage of 2018 ending balance of proven undeveloped reserves consisted ofextensions discoveries and other additions?
|
{
"options": {
"A": "0.11531%",
"B": "1.1531%",
"C": "11.531%",
"D": "115.31%"
},
"goldenKey": "A"
}
|
{
"A": "0.11531%",
"B": "1.1531%",
"C": "11.531%",
"D": "115.31%"
}
|
A
|
finqa2545
|
Please answer the given financial question based on the context.
Context: united parcel service , inc . and subsidiaries notes to consolidated financial statements floating-rate senior notes the floating-rate senior notes with principal amounts totaling $ 1.043 billion , bear interest at either one or three-month libor , less a spread ranging from 30 to 45 basis points . the average interest rate for 2017 and 2016 was 0.74% ( 0.74 % ) and 0.21% ( 0.21 % ) , respectively . these notes are callable at various times after 30 years at a stated percentage of par value , and putable by the note holders at various times after one year at a stated percentage of par value . the notes have maturities ranging from 2049 through 2067 . we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder . in march and november 2017 , we issued floating-rate senior notes in the principal amounts of $ 147 and $ 64 million , respectively , which are included in the $ 1.043 billion floating-rate senior notes described above . these notes will bear interest at three-month libor less 30 and 35 basis points , respectively and mature in 2067 . the remaining three floating-rate senior notes in the principal amounts of $ 350 , $ 400 and $ 500 million , bear interest at three-month libor , plus a spread ranging from 15 to 45 basis points . the average interest rate for 2017 and 2016 was 0.50% ( 0.50 % ) and 0.0% ( 0.0 % ) , respectively . these notes are not callable . the notes have maturities ranging from 2021 through 2023 . we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder . capital lease obligations we have certain property , plant and equipment subject to capital leases . some of the obligations associated with these capital leases have been legally defeased . the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : .
||2017|2016|
|vehicles|$ 70|$ 68|
|aircraft|2291|2291|
|buildings|285|190|
|accumulated amortization|-990 ( 990 )|-896 ( 896 )|
|property plant and equipment subject to capital leases|$ 1656|$ 1653|
these capital lease obligations have principal payments due at various dates from 2018 through 3005 . facility notes and bonds we have entered into agreements with certain municipalities to finance the construction of , or improvements to , facilities that support our u.s . domestic package and supply chain & freight operations in the united states . these facilities are located around airport properties in louisville , kentucky ; dallas , texas ; and philadelphia , pennsylvania . under these arrangements , we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities , as follows : 2022 bonds with a principal balance of $ 149 million issued by the louisville regional airport authority associated with our worldport facility in louisville , kentucky . the bonds , which are due in january 2029 , bear interest at a variable rate , and the average interest rates for 2017 and 2016 were 0.83% ( 0.83 % ) and 0.37% ( 0.37 % ) , respectively . 2022 bonds with a principal balance of $ 42 million and due in november 2036 issued by the louisville regional airport authority associated with our air freight facility in louisville , kentucky . the bonds bear interest at a variable rate , and the average interest rates for 2017 and 2016 were 0.80% ( 0.80 % ) and 0.36% ( 0.36 % ) , respectively . 2022 bonds with a principal balance of $ 29 million issued by the dallas / fort worth international airport facility improvement corporation associated with our dallas , texas airport facilities . the bonds are due in may 2032 and bear interest at a variable rate , however the variable cash flows on the obligation have been swapped to a fixed 5.11% ( 5.11 % ) . 2022 in september 2015 , we entered into an agreement with the delaware county , pennsylvania industrial development authority , associated with our philadelphia , pennsylvania airport facilities , for bonds issued with a principal balance of $ 100 million . these bonds , which are due september 2045 , bear interest at a variable rate . the average interest rate for 2017 and 2016 was 0.78% ( 0.78 % ) and 0.40% ( 0.40 % ) , respectively. .
Question: what was the change in millions of buildings from 2016 to 2017?
Answer:
|
95.0
|
what was the change in millions of buildings from 2016 to 2017?
|
{
"options": {
"A": "95.0",
"B": "-95.0",
"C": "190.0",
"D": "-190.0"
},
"goldenKey": "A"
}
|
{
"A": "95.0",
"B": "-95.0",
"C": "190.0",
"D": "-190.0"
}
|
A
|
finqa2546
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co . / 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 . year ended december 31 , 2007 ( in millions ) 2007 .
|year ended december 31 2007 ( in millions )|2007|
|loans|$ -720 ( 720 )|
|other assets|-161 ( 161 )|
|accounts payable accrued expense and other liabilities|2|
|total nonrecurring fair value gains ( losses )|$ -879 ( 879 )|
in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio . level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 . these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically . the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment . in addi- tion , there were transfers from level 2 to level 3 during 2007 . these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year . subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets . transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments . prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio . eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique . in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available . prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet . commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm . prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost . the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers . the investments were also subject to ongoing impairment reviews by private equity senior investment professionals . the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments . financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values . many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets . financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below . additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 . accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase . for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships . in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note . financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk . these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities . in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value . sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: loan fv changes made up how much of the total nonrecurring fair value losses?
Answer:
|
0.81911
|
loan fv changes made up how much of the total nonrecurring fair value losses?
|
{
"options": {
"A": "0.81911",
"B": "0.161",
"C": "0.720",
"D": "0.879"
},
"goldenKey": "A"
}
|
{
"A": "0.81911",
"B": "0.161",
"C": "0.720",
"D": "0.879"
}
|
A
|
finqa2547
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis expected replacement of london interbank offered rate central banks around the world , including the federal reserve , have commissioned working groups of market participants and others with the goal of finding suitable replacements for libor based on observable market transac- tions . it is expected that a transition away from the wide- spread use of libor to alternative rates will occur over the course of the next few years . effects of inflation and changes in interest and foreign exchange rates to the extent that an increased inflation outlook results in rising interest rates or has negative impacts on the valuation of financial instruments that exceed the impact on the value of our liabilities , it may adversely affect our financial position and profitability . rising inflation may also result in increases in our non-interest expenses that may not be readily recover- able in higher prices of services offered . other changes in the interest rate environment and related volatility , as well as expectations about the level of future interest rates , could also impact our results of operations . a significant portion of our business is conducted in curren- cies other than the u.s . dollar , and changes in foreign exchange rates relative to the u.s . dollar , therefore , can affect the value of non-u.s . dollar net assets , revenues and expenses . potential exposures as a result of these fluctuations in currencies are closely monitored , and , where cost-justified , strategies are adopted that are designed to reduce the impact of these fluctuations on our financial performance . these strategies may include the financing of non-u.s . dollar assets with direct or swap-based borrowings in the same currency and the use of currency forward contracts or the spot market in various hedging transactions related to net assets , revenues , expenses or cash flows . for information about cumulative foreign currency translation adjustments , see note 15 to the financial statements . off-balance sheet arrangements and contractual obligations off-balance sheet arrangements we enter into various off-balance sheet arrangements , including through unconsolidated spes and lending-related financial instruments ( e.g. , guarantees and commitments ) , primarily in connection with the institutional securities and investment management business segments . we utilize spes primarily in connection with securitization activities . for information on our securitization activities , see note 13 to the financial statements . for information on our commitments , obligations under certain guarantee arrangements and indemnities , see note 12 to the financial statements . for further information on our lending commitments , see 201cquantitative and qualitative disclosures about market risk 2014risk management 2014credit risk 2014lending activities . 201d contractual obligations in the normal course of business , we enter into various contractual obligations that may require future cash payments . contractual obligations include certain borrow- ings , other secured financings , contractual interest payments , contractual payments on time deposits , operating leases and purchase obligations . contractual obligations at december 31 , 2017 payments due in : $ in millions 2018 2019-2020 2021-2022 thereafter total borrowings1 $ 23870 $ 45963 $ 36649 $ 84581 $ 191063 other secured financings1 4992 3142 153 398 8685 contractual interest payments2 4903 7930 5680 17031 35544 time deposits3 12300 2481 108 129 15018 operating leases 2014premises4 664 1183 938 2639 5424 purchase obligations 598 607 217 197 1619 total5 $ 47327 $ 61306 $ 43745 $ 104975 $ 257353 1 . for further information on borrowings and other secured financings , see note 11 to the financial statements . amounts presented for borrowings and other secured financings are financings with original maturities greater than one year . 2 . amounts represent estimated future contractual interest payments related to unse- cured borrowings with original maturities greater than one year based on applicable interest rates at december 31 , 2017 . 3 . amounts represent contractual principal and interest payments related to time deposits primarily held at our u.s . bank subsidiaries . 4 . for further information on operating leases covering premises and equipment , see note 12 to the financial statements . 5 . amounts exclude unrecognized tax benefits , as the timing and amount of future cash payments are not determinable at this time ( see note 20 to the financial state- ments for further information ) . purchase obligations for goods and services include payments for , among other things , consulting , outsourcing , computer and telecommunications maintenance agreements , and certain transmission , transportation and storage contracts related to the commodities business . purchase obligations at december 31 , 2017 reflect the minimum contractual obliga- tion under legally enforceable contracts with contract terms that are both fixed and determinable . these amounts exclude obligations for goods and services that already have been incurred and are reflected in the balance sheets . december 2017 form 10-k 70 .
|$ in millions|at december 31 2017 payments due in : 2018|at december 31 2017 payments due in : 2019-2020|at december 31 2017 payments due in : 2021-2022|at december 31 2017 payments due in : thereafter|at december 31 2017 payments due in : total|
|borrowings1|$ 23870|$ 45963|$ 36649|$ 84581|$ 191063|
|other securedfinancings1|4992|3142|153|398|8685|
|contractual interest payments2|4903|7930|5680|17031|35544|
|timedeposits3|12300|2481|108|129|15018|
|operating leases 2014premises4|664|1183|938|2639|5424|
|purchase obligations|598|607|217|197|1619|
|total5|$ 47327|$ 61306|$ 43745|$ 104975|$ 257353|
management 2019s discussion and analysis expected replacement of london interbank offered rate central banks around the world , including the federal reserve , have commissioned working groups of market participants and others with the goal of finding suitable replacements for libor based on observable market transac- tions . it is expected that a transition away from the wide- spread use of libor to alternative rates will occur over the course of the next few years . effects of inflation and changes in interest and foreign exchange rates to the extent that an increased inflation outlook results in rising interest rates or has negative impacts on the valuation of financial instruments that exceed the impact on the value of our liabilities , it may adversely affect our financial position and profitability . rising inflation may also result in increases in our non-interest expenses that may not be readily recover- able in higher prices of services offered . other changes in the interest rate environment and related volatility , as well as expectations about the level of future interest rates , could also impact our results of operations . a significant portion of our business is conducted in curren- cies other than the u.s . dollar , and changes in foreign exchange rates relative to the u.s . dollar , therefore , can affect the value of non-u.s . dollar net assets , revenues and expenses . potential exposures as a result of these fluctuations in currencies are closely monitored , and , where cost-justified , strategies are adopted that are designed to reduce the impact of these fluctuations on our financial performance . these strategies may include the financing of non-u.s . dollar assets with direct or swap-based borrowings in the same currency and the use of currency forward contracts or the spot market in various hedging transactions related to net assets , revenues , expenses or cash flows . for information about cumulative foreign currency translation adjustments , see note 15 to the financial statements . off-balance sheet arrangements and contractual obligations off-balance sheet arrangements we enter into various off-balance sheet arrangements , including through unconsolidated spes and lending-related financial instruments ( e.g. , guarantees and commitments ) , primarily in connection with the institutional securities and investment management business segments . we utilize spes primarily in connection with securitization activities . for information on our securitization activities , see note 13 to the financial statements . for information on our commitments , obligations under certain guarantee arrangements and indemnities , see note 12 to the financial statements . for further information on our lending commitments , see 201cquantitative and qualitative disclosures about market risk 2014risk management 2014credit risk 2014lending activities . 201d contractual obligations in the normal course of business , we enter into various contractual obligations that may require future cash payments . contractual obligations include certain borrow- ings , other secured financings , contractual interest payments , contractual payments on time deposits , operating leases and purchase obligations . contractual obligations at december 31 , 2017 payments due in : $ in millions 2018 2019-2020 2021-2022 thereafter total borrowings1 $ 23870 $ 45963 $ 36649 $ 84581 $ 191063 other secured financings1 4992 3142 153 398 8685 contractual interest payments2 4903 7930 5680 17031 35544 time deposits3 12300 2481 108 129 15018 operating leases 2014premises4 664 1183 938 2639 5424 purchase obligations 598 607 217 197 1619 total5 $ 47327 $ 61306 $ 43745 $ 104975 $ 257353 1 . for further information on borrowings and other secured financings , see note 11 to the financial statements . amounts presented for borrowings and other secured financings are financings with original maturities greater than one year . 2 . amounts represent estimated future contractual interest payments related to unse- cured borrowings with original maturities greater than one year based on applicable interest rates at december 31 , 2017 . 3 . amounts represent contractual principal and interest payments related to time deposits primarily held at our u.s . bank subsidiaries . 4 . for further information on operating leases covering premises and equipment , see note 12 to the financial statements . 5 . amounts exclude unrecognized tax benefits , as the timing and amount of future cash payments are not determinable at this time ( see note 20 to the financial state- ments for further information ) . purchase obligations for goods and services include payments for , among other things , consulting , outsourcing , computer and telecommunications maintenance agreements , and certain transmission , transportation and storage contracts related to the commodities business . purchase obligations at december 31 , 2017 reflect the minimum contractual obliga- tion under legally enforceable contracts with contract terms that are both fixed and determinable . these amounts exclude obligations for goods and services that already have been incurred and are reflected in the balance sheets . december 2017 form 10-k 70 .
Question: what percentage of total payments due in 2019-2020 are time deposits?
Answer:
|
0.04047
|
what percentage of total payments due in 2019-2020 are time deposits?
|
{
"options": {
"A": "0.04047%",
"B": "4.047%",
"C": "0.4047%",
"D": "40.47%"
},
"goldenKey": "A"
}
|
{
"A": "0.04047%",
"B": "4.047%",
"C": "0.4047%",
"D": "40.47%"
}
|
A
|
finqa2548
|
Please answer the given financial question based on the context.
Context: holders of grupo gondi manage the joint venture and we provide technical and commercial resources . we believe the joint venture is helping us to grow our presence in the attractive mexican market . we have included the financial results of the joint venture in our corrugated packaging segment since the date of formation . we are accounting for the investment on the equity method . on january 19 , 2016 , we completed the packaging acquisition . the entities acquired provide value-added folding carton and litho-laminated display packaging solutions . we believe the transaction has provided us with attractive and complementary customers , markets and facilities . we have included the financial results of the acquired entities in our consumer packaging segment since the date of the acquisition . on october 1 , 2015 , we completed the sp fiber acquisition . the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper . the newberg mill also produced newsprint . as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in green power solutions of georgia , llc ( fffdgps fffd ) , which we consolidate . gps is a joint venture providing steam to the dublin mill and electricity to georgia power . subsequent to the transaction , we announced the permanent closure of the newberg mill due to the decline in market conditions of the newsprint business and our need to balance supply and demand in our containerboard system . we have included the financial results of the acquired entities in our corrugated packaging segment since the date of the acquisition . see fffdnote 2 . mergers , acquisitions and investment fffdtt of the notes to consolidated financial statements for additional information . see also item 1a . fffdrisk factors fffd fffdwe may be unsuccessful in making and integrating mergers , acquisitions and investments and completing divestitures fffd . business .
|( in millions )|year ended september 30 , 2018|year ended september 30 , 2017|year ended september 30 , 2016|
|net sales|$ 16285.1|$ 14859.7|$ 14171.8|
|segment income|$ 1685.0|$ 1193.5|$ 1226.2|
in fiscal 2018 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win . we successfully executed this strategy in fiscal 2018 in a rapidly changing cost and price environment . net sales of $ 16285.1 million for fiscal 2018 increased $ 1425.4 million , or 9.6% ( 9.6 % ) , compared to fiscal 2017 . the increase was primarily a result of an increase in corrugated packaging segment sales , driven by higher selling price/mix and the contributions from acquisitions , and increased consumer packaging segment sales , primarily due to the contribution from acquisitions ( primarily the mps acquisition ) . these increases were partially offset by the absence of net sales from hh&b in fiscal 2018 due to the sale of hh&b in april 2017 and lower land and development segment sales compared to the prior year period due to the timing of real estate sales as we monetize the portfolio and lower merchandising display sales in the consumer packaging segment . segment income increased $ 491.5 million in fiscal 2018 compared to fiscal 2017 , primarily due to increased corrugated packaging segment income . with respect to segment income , we experienced higher levels of cost inflation during fiscal 2018 as compared to fiscal 2017 , which was partially offset by recycled fiber deflation . the primary inflationary items were freight costs , chemical costs , virgin fiber costs and wage and other costs . productivity improvements in fiscal 2018 more than offset the net impact of cost inflation . while it is difficult to predict specific inflationary items , we expect higher cost inflation to continue through fiscal 2019 . our corrugated packaging segment increased its net sales by $ 695.1 million in fiscal 2018 to $ 9103.4 million from $ 8408.3 million in fiscal 2017 . the increase in net sales was primarily due to higher corrugated selling price/mix and higher corrugated volumes ( including acquisitions ) , which were partially offset by lower net sales from recycling operations due to lower recycled fiber costs , lower sales related to the deconsolidation of a foreign joint venture in fiscal 2017 and the impact of foreign currency . north american box shipments increased 4.1% ( 4.1 % ) on a per day basis in fiscal 2018 compared to fiscal 2017 . segment income attributable to the corrugated packaging segment in fiscal 2018 increased $ 454.0 million to $ 1207.9 million compared to $ 753.9 million in fiscal 2017 . the increase was primarily due to higher selling price/mix , lower recycled fiber costs and productivity improvements which were partially offset by higher levels of cost inflation and other items , including increased depreciation and amortization . our consumer packaging segment increased its net sales by $ 838.9 million in fiscal 2018 to $ 7291.4 million from $ 6452.5 million in fiscal 2017 . the increase in net sales was primarily due to an increase in net sales from acquisitions ( primarily the mps acquisition ) and higher selling price/mix partially offset by the absence of net sales from hh&b in fiscal 2018 due to the hh&b sale in april 2017 and lower volumes . segment income attributable to .
Question: what percent did segment income increase from 2017 to 2018
Answer:
|
0.41181
|
what percent did segment income increase from 2017 to 2018
|
{
"options": {
"A": "0.41181%",
"B": "4.1181%",
"C": "41.181%",
"D": "411.81%"
},
"goldenKey": "A"
}
|
{
"A": "0.41181%",
"B": "4.1181%",
"C": "41.181%",
"D": "411.81%"
}
|
A
|
finqa2549
|
Please answer the given financial question based on the context.
Context: totaled $ 12 million , $ 13 million and $ 9 million for 2018 , 2017 and 2016 , respectively . all of the company 2019s contributions are invested in one or more funds at the direction of the employees . note 16 : commitments and contingencies commitments have been made in connection with certain construction programs . the estimated capital expenditures required under legal and binding contractual obligations amounted to $ 419 million as of december 31 , 2018 . the company 2019s regulated subsidiaries maintain agreements with other water purveyors for the purchase of water to supplement their water supply . the following table provides the future annual commitments related to minimum quantities of purchased water having non-cancelable: .
||amount|
|2019|$ 65|
|2020|65|
|2021|65|
|2022|64|
|2023|57|
|thereafter|641|
the company enters into agreements for the provision of services to water and wastewater facilities for the united states military , municipalities and other customers . see note 3 2014revenue recognition for additional information regarding the company 2019s performance obligations . contingencies the company is routinely involved in legal actions incident to the normal conduct of its business . as of december 31 , 2018 , the company has accrued approximately $ 54 million of probable loss contingencies and has estimated that the maximum amount of losses associated with reasonably possible loss contingencies that can be reasonably estimated is $ 26 million . for certain matters , claims and actions , the company is unable to estimate possible losses . the company believes that damages or settlements , if any , recovered by plaintiffs in such matters , claims or actions , other than as described in this note 16 2014commitments and contingencies , will not have a material adverse effect on the company . west virginia elk river freedom industries chemical spill on june 8 , 2018 , the u.s . district court for the southern district of west virginia granted final approval of a settlement class and global class action settlement ( the 201csettlement 201d ) for all claims and potential claims by all putative class members ( collectively , the 201cplaintiffs 201d ) arising out of the january 2014 freedom industries , inc . chemical spill in west virginia . the effective date of the settlement is july 16 , 2018 . under the terms and conditions of the settlement , west virginia-american water company ( 201cwvawc 201d ) and certain other company affiliated entities ( collectively , the 201camerican water defendants 201d ) did not admit , and will not admit , any fault or liability for any of the allegations made by the plaintiffs in any of the actions that were resolved . under federal class action rules , claimants had the right , until december 8 , 2017 , to elect to opt out of the final settlement . less than 100 of the 225000 estimated putative class members elected to opt out from the settlement , and these claimants will not receive any benefit from or be bound by the terms of the settlement . in june 2018 , the company and its remaining non-participating general liability insurance carrier settled for a payment to the company of $ 20 million , out of a maximum of $ 25 million in potential coverage under the terms of the relevant policy , in exchange for a full release by the american water defendants of all claims against the insurance carrier related to the freedom industries chemical spill. .
Question: what was the change in the amount of future annual commitments related to minimum quantities of purchased water between \\n2019 and 2020?
Answer:
|
0.0
|
what was the change in the amount of future annual commitments related to minimum quantities of purchased water between \\n2019 and 2020?
|
{
"options": {
"A": "0.0",
"B": "1.0",
"C": "2.0",
"D": "3.0"
},
"goldenKey": "A"
}
|
{
"A": "0.0",
"B": "1.0",
"C": "2.0",
"D": "3.0"
}
|
A
|
finqa2550
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis action antitrust legal settlement . net income for 2005 and 2004 included an aftertax charge of $ 13 million , or 8 cents a share , and $ 19 million , or 11 cents a share , respectively , to reflect the net increase in the current value of the company 2019s obligation under the ppg settlement arrangement relating to asbestos claims . results of business segments net sales operating income ( millions ) 2005 2004 2005 2004 .
|( millions )|net sales 2005|net sales 2004|net sales 2005|2004|
|coatings|$ 5566|$ 5275|$ 609|$ 777|
|glass|2237|2204|56|169|
|chemicals|2398|2034|451|291|
coatings sales increased $ 291 million or 5% ( 5 % ) in 2005 . sales increased 3% ( 3 % ) due to higher selling prices across all businesses except automotive ; 1% ( 1 % ) due to improved volumes as increases in our aerospace , architectural and original equipment automotive businesses offset volume declines in automotive refinish and industrial coatings ; and 1% ( 1 % ) due to the positive effects of foreign currency translation . operating income decreased $ 168 million in 2005 . the adverse impact of inflation totaled $ 315 million , of which $ 245 million was attributable to higher raw material costs . higher year-over-year selling prices increased operating earnings by $ 169 million . coatings operating earnings were reduced by the $ 132 million charge for the cost of the marvin legal settlement net of insurance recoveries . other factors increasing coatings operating income in 2005 were the increased sales volumes described above , manufacturing efficiencies , formula cost reductions and higher other income . glass sales increased $ 33 million or 1% ( 1 % ) in 2005 . sales increased 1% ( 1 % ) due to improved volumes as increases in our automotive replacement glass , insurance and services and performance glazings ( flat glass ) businesses offset volume declines in our fiber glass and automotive original equipment glass businesses . the positive effects of foreign currency translation were largely offset by lower selling prices primarily in our automotive replacement glass and automotive original equipment businesses . operating income decreased $ 113 million in 2005 . the federal glass class action antitrust legal settlement of $ 61 million , the $ 49 million impact of rising natural gas costs and the absence of the $ 19 million gain in 2004 from the sale/ leaseback of precious metal combined to account for a reduction in operating earnings of $ 129 million . the remaining year-over-year increase in glass operating earnings of $ 16 million resulted primarily from improved manufacturing efficiencies and lower overhead costs exceeding the adverse impact of other inflation . our continuing efforts in 2005 to position the fiber glass business for future growth in profitability were adversely impacted by the rise in fourth quarter natural gas prices , slightly lower year-over-year sales , lower equity earnings due to weaker pricing in the asian electronics market , and the absence of the $ 19 million gain which occurred in 2004 stemming from the sale/ leaseback of precious metals . despite high energy costs , we expect fiber glass earnings to improve in 2006 because of price strengthening in the asian electronics market , which began to occur in the fourth quarter of 2005 , increased cost reduction initiatives and the positive impact resulting from the start up of our new joint venture in china . this joint venture will produce high labor content fiber glass reinforcement products and take advantage of lower labor costs , allowing us to refocus our u.s . production capacity on higher margin direct process products . the 2005 operating earnings of our north american automotive oem glass business declined by $ 30 million compared with 2004 . significant structural changes continue to occur in the north american automotive industry , including the loss of u.s . market share by general motors and ford . this has created a very challenging and competitive environment for all suppliers to the domestic oems , including our business . about half of the decline in earnings resulted from the impact of rising natural gas costs , particularly in the fourth quarter , combined with the traditional adverse impact of year-over-year sales price reductions producing a decline in earnings that exceeded our successful efforts to reduce manufacturing costs . the other half of the 2005 decline was due to lower sales volumes and mix and higher new program launch costs . the challenging competitive environment and high energy prices will continue in 2006 . our business is working in 2006 to improve its performance through increased manufacturing efficiencies , structural cost reduction initiatives , focusing on profitable growth opportunities and improving our sales mix . chemicals sales increased $ 364 million or 18% ( 18 % ) in 2005 . sales increased 21% ( 21 % ) due to higher selling prices , primarily for chlor-alkali products , and 1% ( 1 % ) due to the combination of an acquisition in our optical products business and the positive effects of foreign currency translation . total volumes declined 4% ( 4 % ) as volume increases in optical products were more than offset by volume declines in chlor-alkali and fine chemicals . volume in chlor-alkali products and silicas were adversely impacted in the third and fourth quarters by the hurricanes . operating income increased $ 160 million in 2005 . the primary factor increasing operating income was the record high selling prices in chlor-alkali . factors decreasing operating income were higher inflation , including $ 136 million due to increased energy and ethylene costs ; $ 34 million of direct costs related to the impact of the hurricanes ; $ 27 million due to the asset impairment charge related to our fine chemicals business ; lower sales volumes ; higher manufacturing costs and increased environmental expenses . the increase in chemicals operating earnings occurred primarily through the first eight months of 2005 . the hurricanes hit in september impacting volumes and costs in september through november and contributing to the rise in natural gas prices which lowered fourth quarter chemicals earnings by $ 58 million , almost 57% ( 57 % ) of the full year impact of higher natural gas prices . the damage caused by hurricane rita resulted in the shutdown of our lake charles , la chemical plant for a total of eight days in september and an additional five 18 2005 ppg annual report and form 10-k .
Question: what is the operating income percentage for 2005 in the glass segment?
Answer:
|
0.02503
|
what is the operating income percentage for 2005 in the glass segment?
|
{
"options": {
"A": "0.02503",
"B": "0.02504",
"C": "0.02505",
"D": "0.02506"
},
"goldenKey": "A"
}
|
{
"A": "0.02503",
"B": "0.02504",
"C": "0.02505",
"D": "0.02506"
}
|
A
|
finqa2551
|
Please answer the given financial question based on the context.
Context: ralph lauren restaurants ralph lauren's restaurants translate mr . ralph lauren's distinctive vision into places to gather with family and friends to enjoy fine food . in 1999 , the first rl restaurant opened , adjacent to the ralph lauren chicago store on michigan avenue . this restaurant exemplifies the timeless design sensibility of ralph lauren's world and features classic american "city club" cuisine . in 2010 , ralph's was opened in the courtyard and converted stables of our paris store on the blvd . saint germain . ralph's presents mr . lauren's favorite american classics in an elegant and glamorous french environment . in august 2014 , we opened ralph's coffee on the second floor of our polo flagship store in new york city , featuring private custom coffee roasts , sandwiches , and sweet treats . the polo bar , adjacent to our new york city polo flagship store , opened in january 2015 with a menu dedicated to serving seasonal american classics in a setting that pays homage to the sophisticated equestrian heritage of the ralph lauren world . our wholesale segment our wholesale segment sells our products globally to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops . we have continued to focus on elevating our brand by improving in-store product assortment and presentation , as well as full-price sell-throughs to consumers . as of the end of fiscal 2015 , our wholesale products were sold through approximately 13000 doors worldwide and we invested $ 48 million of capital in related shop-within-shops during fiscal 2015 , primarily in domestic and international department and specialty stores . our products are also sold through the e-commerce sites of certain of our wholesale customers . the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings . our collection brands 2014 ralph lauren women's collection and black label and men's purple label and black label 2014 are distributed worldwide through a limited number of premier fashion retailers . department stores are our major wholesale customers in north america . in latin america , our wholesale products are sold in department stores and specialty stores . in europe , our wholesale sales are comprised of a varying mix of sales to both department stores and specialty stores , depending on the country . in japan , our wholesale products are distributed primarily through shop-within-shops at premier and top-tier department stores . in the greater china and southeast asia region , australia , and new zealand , our wholesale products are sold mainly at mid and top-tier department stores . we also distribute our wholesale products to certain licensed stores operated by our partners in latin america , asia , europe , and the middle east . we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores . worldwide wholesale distribution channels the following table presents the number of doors by geographic location in which products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of march 28 , 2015: .
|location|number of doors|
|the americas ( a )|7308|
|europe ( b )|5311|
|asia ( c )|128|
|total|12747|
( a ) includes the u.s. , canada , and latin america . ( b ) includes the middle east . ( c ) includes australia and new zealand . we have three key wholesale customers that generate significant sales volume . during fiscal 2015 , sales to our largest wholesale customer , macy's , inc . ( "macy's" ) , accounted for approximately 12% ( 12 % ) and 26% ( 26 % ) of our total net revenues and total wholesale net revenues , respectively . further , during fiscal 2015 , sales to our three largest wholesale customers , including macy's , accounted for approximately 24% ( 24 % ) and 52% ( 52 % ) of our total net revenues and total wholesale net revenues , respectively. .
Question: what percentage of the wholesale segment doors as of march 28 , 2015 where located in asia?
Answer:
|
0.01004
|
what percentage of the wholesale segment doors as of march 28 , 2015 where located in asia?
|
{
"options": {
"A": "0.01004%",
"B": "0.0104%",
"C": "0.1004%",
"D": "1.004%"
},
"goldenKey": "A"
}
|
{
"A": "0.01004%",
"B": "0.0104%",
"C": "0.1004%",
"D": "1.004%"
}
|
A
|
finqa2552
|
Please answer the given financial question based on the context.
Context: pollutants discharged to waters of the united states and remediation of waters affected by such discharge . to our knowledge , we are in compliance with all material requirements associated with the various regulations . the united states congress is actively considering legislation to reduce emissions of greenhouse gases , including carbon dioxide and methane . in addition , state and regional initiatives to regulate greenhouse gas emissions are underway . we are monitoring federal and state legislation to assess the potential impact on our operations . our most recent calculation of direct greenhouse gas emissions for oneok and oneok partners is estimated to be less than 6 million metric tons of carbon dioxide equivalents on an annual basis . we will continue efforts to quantify our direct greenhouse gas emissions and will report such emissions as required by any mandatory reporting rule , including the rules anticipated to be issued by the epa in mid-2009 . superfund - the comprehensive environmental response , compensation and liability act , also known as cercla or superfund , imposes liability , without regard to fault or the legality of the original act , on certain classes of persons who contributed to the release of a hazardous substance into the environment . these persons include the owner or operator of a facility where the release occurred and companies that disposed or arranged for the disposal of the hazardous substances found at the facility . under cercla , these persons may be liable for the costs of cleaning up the hazardous substances released into the environment , damages to natural resources and the costs of certain health studies . chemical site security - the united states department of homeland security ( homeland security ) released an interim rule in april 2007 that requires companies to provide reports on sites where certain chemicals , including many hydrocarbon products , are stored . we completed the homeland security assessments and our facilities were subsequently assigned to one of four risk-based tiers ranging from high ( tier 1 ) to low ( tier 4 ) risk , or not tiered at all due to low risk . a majority of our facilities were not tiered . we are waiting for homeland security 2019s analysis to determine if any of the tiered facilities will require site security plans and possible physical security enhancements . climate change - our environmental and climate change strategy focuses on taking steps to minimize the impact of our operations on the environment . these strategies include : ( i ) developing and maintaining an accurate greenhouse gas emissions inventory , according to rules anticipated to be issued by the epa in mid-2009 ; ( ii ) improving the efficiency of our various pipelines , natural gas processing facilities and natural gas liquids fractionation facilities ; ( iii ) following developing technologies for emission control ; ( iv ) following developing technologies to capture carbon dioxide to keep it from reaching the atmosphere ; and ( v ) analyzing options for future energy investment . currently , certain subsidiaries of oneok partners participate in the processing and transmission sectors and ldcs in our distribution segment participate in the distribution sector of the epa 2019s natural gas star program to voluntarily reduce methane emissions . a subsidiary in our oneok partners 2019 segment was honored in 2008 as the 201cnatural gas star gathering and processing partner of the year 201d for its efforts to positively address environmental issues through voluntary implementation of emission-reduction opportunities . in addition , we continue to focus on maintaining low rates of lost-and- unaccounted-for methane gas through expanded implementation of best practices to limit the release of methane during pipeline and facility maintenance and operations . our most recent calculation of our annual lost-and-unaccounted-for natural gas , for all of our business operations , is less than 1 percent of total throughput . employees we employed 4742 people at january 31 , 2009 , including 739 people employed by kansas gas service , who were subject to collective bargaining contracts . the following table sets forth our contracts with collective bargaining units at january 31 , employees contract expires .
|union|employees|contract expires|
|united steelworkers of america|414|june 30 2009|
|international union of operating engineers|13|june 30 2009|
|international brotherhood of electrical workers|312|june 30 2010|
.
Question: as of january 31 , 2009 what percentage of employees were subject to collective bargaining contracts?
Answer:
|
0.15584
|
as of january 31 , 2009 what percentage of employees were subject to collective bargaining contracts?
|
{
"options": {
"A": "0.15584%",
"B": "1.5584%",
"C": "15.584%",
"D": "155.84%"
},
"goldenKey": "A"
}
|
{
"A": "0.15584%",
"B": "1.5584%",
"C": "15.584%",
"D": "155.84%"
}
|
A
|
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