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finqa2553
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) 17 . pension plans and postretirement health care and life insurance benefit plans ( continued ) benefit payments the following table sets forth amounts of benefits expected to be paid over the next ten years from the company 2019s pension and postretirement plans as of december 31 , 2004: .
||pension benefits|other postretirement benefits|
|2005|$ 125|$ 30|
|2006|132|31|
|2007|143|31|
|2008|154|33|
|2009|166|34|
|2010-2014|1052|193|
|total|$ 1772|$ 352|
18 . stock compensation plans on may 18 , 2000 , the shareholders of the hartford approved the hartford incentive stock plan ( the 201c2000 plan 201d ) , which replaced the hartford 1995 incentive stock plan ( the 201c1995 plan 201d ) . the terms of the 2000 plan were substantially similar to the terms of the 1995 plan except that the 1995 plan had an annual award limit and a higher maximum award limit . under the 2000 plan , awards may be granted in the form of non-qualified or incentive stock options qualifying under section 422a of the internal revenue code , performance shares or restricted stock , or any combination of the foregoing . in addition , stock appreciation rights may be granted in connection with all or part of any stock options granted under the 2000 plan . in december 2004 , the 2000 plan was amended to allow for grants of restricted stock units effective as of january 1 , 2005 . the aggregate number of shares of stock , which may be awarded , is subject to a maximum limit of 17211837 shares applicable to all awards for the ten-year duration of the 2000 plan . all options granted have an exercise price equal to the market price of the company 2019s common stock on the date of grant , and an option 2019s maximum term is ten years and two days . certain options become exercisable over a three year period commencing one year from the date of grant , while certain other options become exercisable upon the attainment of specified market price appreciation of the company 2019s common shares . for any year , no individual employee may receive an award of options for more than 1000000 shares . as of december 31 , 2004 , the hartford had not issued any incentive stock options under the 2000 plan . performance awards of common stock granted under the 2000 plan become payable upon the attainment of specific performance goals achieved over a period of not less than one nor more than five years , and the restricted stock granted is subject to a restriction period . on a cumulative basis , no more than 20% ( 20 % ) of the aggregate number of shares which may be awarded under the 2000 plan are available for performance shares and restricted stock awards . also , the maximum award of performance shares for any individual employee in any year is 200000 shares . in 2004 , 2003 and 2002 , the company granted shares of common stock of 315452 , 333712 and 40852 with weighted average prices of $ 64.93 , $ 38.13 and $ 62.28 , respectively , related to performance share and restricted stock awards . in 1996 , the company established the hartford employee stock purchase plan ( 201cespp 201d ) . under this plan , eligible employees of the hartford may purchase common stock of the company at a 15% ( 15 % ) discount from the lower of the closing market price at the beginning or end of the quarterly offering period . the company may sell up to 5400000 shares of stock to eligible employees under the espp . in 2004 , 2003 and 2002 , 345262 , 443467 and 408304 shares were sold , respectively . the per share weighted average fair value of the discount under the espp was $ 9.31 , $ 11.96 , and $ 11.70 in 2004 , 2003 and 2002 , respectively . additionally , during 1997 , the hartford established employee stock purchase plans for certain employees of the company 2019s international subsidiaries . under these plans , participants may purchase common stock of the hartford at a fixed price at the end of a three-year period . the activity under these programs is not material. .
Question: as december 2004 what was the percent of the company 2019s total pension and postretirement plans that was due in 2007
Answer:
|
0.08192
|
as december 2004 what was the percent of the company 2019s total pension and postretirement plans that was due in 2007
|
{
"options": {
"A": "0.08192",
"B": "0.084",
"C": "0.083",
"D": "0.082"
},
"goldenKey": "A"
}
|
{
"A": "0.08192",
"B": "0.084",
"C": "0.083",
"D": "0.082"
}
|
A
|
finqa2554
|
Please answer the given financial question based on the context.
Context: failure to comply with the financial and other covenants under our credit facilities , as well as the occurrence of certain material adverse events , would constitute defaults and would allow the lenders under our credit facilities to accelerate the maturity of all indebtedness under the related agreements . this could also have an adverse impact on the availability of financial assurances . in addition , maturity acceleration on our credit facilities constitutes an event of default under our other debt instruments , including our senior notes , and , therefore , our senior notes would also be subject to acceleration of maturity . if such acceleration were to occur , we would not have sufficient liquidity available to repay the indebtedness . we would likely have to seek an amendment under our credit facilities for relief from the financial covenants or repay the debt with proceeds from the issuance of new debt or equity , or asset sales , if necessary . we may be unable to amend our credit facilities or raise sufficient capital to repay such obligations in the event the maturities are accelerated . financial assurance we are required to 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 , insurance policies or trust deposits . 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 will 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 are required to 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 2010 , although the mix of financial assurance instruments may change . these financial instruments are issued in the normal course of business and are not debt of our company . since we currently have no liability for these financial assurance instruments , they are not reflected in our consolidated balance sheets . however , we record capping , closure and post-closure liabilities and self-insurance liabilities as they are incurred . the underlying obligations of the financial assurance instruments , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than financial assurance instruments and operating leases that are not classified as debt . we do not guarantee 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 . our free cash flow for the years ended december 31 , 2009 , 2008 and 2007 is calculated as follows ( in millions ) : .
||2009|2008|2007|
|cash provided by operating activities|$ 1396.5|$ 512.2|$ 661.3|
|purchases of property and equipment|-826.3 ( 826.3 )|-386.9 ( 386.9 )|-292.5 ( 292.5 )|
|proceeds from sales of property and equipment|31.8|8.2|6.1|
|free cash flow|$ 602.0|$ 133.5|$ 374.9|
.
Question: what was the percentage decline in the cash provided by operating activities from 2007 to 2008
Answer:
|
-0.22546
|
what was the percentage decline in the cash provided by operating activities from 2007 to 2008
|
{
"options": {
"A": "-22.546%",
"B": "-22.5465%",
"C": "-0.22546%",
"D": "-0.225465%"
},
"goldenKey": "C"
}
|
{
"A": "-22.546%",
"B": "-22.5465%",
"C": "-0.22546%",
"D": "-0.225465%"
}
|
C
|
finqa2555
|
Please answer the given financial question based on the context.
Context: compared to earlier levels . the pre-tax non-cash impairments of certain mineral rights and real estate discussed above under the caption fffdland and development impairments fffd are not included in segment income . liquidity and capital resources on january 29 , 2018 , we announced that a definitive agreement had been signed for us to acquire all of the outstanding shares of kapstone for $ 35.00 per share and the assumption of approximately $ 1.36 billion in net debt , for a total enterprise value of approximately $ 4.9 billion . in contemplation of the transaction , on march 6 , 2018 , we issued $ 600.0 million aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2025 and $ 600.0 million aggregate principal amount of 4.0% ( 4.0 % ) senior notes due 2028 in an unregistered offering pursuant to rule 144a and regulation s under the securities act of 1933 , as amended ( the fffdsecurities act fffd ) . in addition , on march 7 , 2018 , we entered into the delayed draw credit facilities ( as hereinafter defined ) that provide for $ 3.8 billion of senior unsecured term loans . on november 2 , 2018 , in connection with the closing of the kapstone acquisition , we drew upon the facility in full . the proceeds of the delayed draw credit facilities ( as hereinafter defined ) and other sources of cash were used to pay the consideration for the kapstone acquisition , to repay certain existing indebtedness of kapstone and to pay fees and expenses incurred in connection with the kapstone acquisition . we fund our working capital requirements , capital expenditures , mergers , acquisitions and investments , restructuring activities , dividends and stock repurchases from net cash provided by operating activities , borrowings under our credit facilities , proceeds from our new a/r sales agreement ( as hereinafter defined ) , proceeds from the sale of property , plant and equipment removed from service and proceeds received in connection with the issuance of debt and equity securities . see fffdnote 13 . debt fffdtt of the notes to consolidated financial statements for additional information . funding for our domestic operations in the foreseeable future is expected to come from sources of liquidity within our domestic operations , including cash and cash equivalents , and available borrowings under our credit facilities . as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations . at september 30 , 2018 , excluding the delayed draw credit facilities , we had approximately $ 3.2 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 . this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases . certain restrictive covenants govern our maximum availability under the credit facilities . we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2018 . at september 30 , 2018 , we had $ 104.9 million of outstanding letters of credit not drawn cash and cash equivalents were $ 636.8 million at september 30 , 2018 and $ 298.1 million at september 30 , 2017 . we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition . approximately 20% ( 20 % ) of the cash and cash equivalents at september 30 , 2018 were held outside of the u.s . at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current . at september 30 , 2017 , total debt was $ 6554.8 million , $ 608.7 million of which was current . cash flow activityy .
|( in millions )|year ended september 30 , 2018|year ended september 30 , 2017|year ended september 30 , 2016|
|net cash provided by operating activities|$ 2420.9|$ 1900.5|$ 1688.4|
|net cash used for investing activities|$ -1298.9 ( 1298.9 )|$ -1285.8 ( 1285.8 )|$ -1351.4 ( 1351.4 )|
|net cash used for financing activities|$ -755.1 ( 755.1 )|$ -655.4 ( 655.4 )|$ -231.0 ( 231.0 )|
net cash provided by operating activities during fiscal 2018 increased $ 520.4 million from fiscal 2017 primarily due to higher cash earnings and lower cash taxes due to the impact of the tax act . net cash provided by operating activities during fiscal 2017 increased $ 212.1 million from fiscal 2016 primarily due to a $ 111.6 million net increase in cash flow from working capital changes plus higher after-tax cash proceeds from our land and development segment fffds accelerated monetization . the changes in working capital in fiscal 2018 , 2017 and 2016 included a .
Question: as of september 30 , 2018 , what was the percent of the total debt that was current .
Answer:
|
0.11546
|
as of september 30 , 2018 , what was the percent of the total debt that was current .
|
{
"options": {
"A": "0.11546",
"B": "0.09023",
"C": "0.13579",
"D": "0.07531"
},
"goldenKey": "A"
}
|
{
"A": "0.11546",
"B": "0.09023",
"C": "0.13579",
"D": "0.07531"
}
|
A
|
finqa2556
|
Please answer the given financial question based on the context.
Context: table 44 : allowance for loan and lease losses .
|dollars in millions|2012|2011|
|january 1|$ 4347|$ 4887|
|total net charge-offs|-1289 ( 1289 )|-1639 ( 1639 )|
|provision for credit losses|987|1152|
|net change in allowance for unfunded loan commitments and letters of credit|-10 ( 10 )|-52 ( 52 )|
|other|1|-1 ( 1 )|
|december 31|$ 4036|$ 4347|
|net charge-offs to average loans ( for the year ended )|.73% ( .73 % )|1.08% ( 1.08 % )|
|allowance for loan and lease losses to total loans|2.17|2.73|
|commercial lending net charge-offs|$ -359 ( 359 )|$ -712 ( 712 )|
|consumer lending net charge-offs|-930 ( 930 )|-927 ( 927 )|
|total net charge-offs|$ -1289 ( 1289 )|$ -1639 ( 1639 )|
|net charge-offs to average loans ( for the year ended )|||
|commercial lending|.35% ( .35 % )|.86% ( .86 % )|
|consumer lending|1.24|1.33|
as further described in the consolidated income statement review section of this item 7 , the provision for credit losses totaled $ 1.0 billion for 2012 compared to $ 1.2 billion for 2011 . for 2012 , the provision for commercial lending credit losses declined by $ 39 million or 22% ( 22 % ) from 2011 . similarly , the provision for consumer lending credit losses decreased $ 126 million or 13% ( 13 % ) from 2011 . at december 31 , 2012 , total alll to total nonperforming loans was 124% ( 124 % ) . the comparable amount for december 31 , 2011 was 122% ( 122 % ) . these ratios are 79% ( 79 % ) and 84% ( 84 % ) , respectively , when excluding the $ 1.5 billion and $ 1.4 billion , respectively , of allowance at december 31 , 2012 and december 31 , 2011 allocated to consumer loans and lines of credit not secured by residential real estate and purchased impaired loans . we have excluded consumer loans and lines of credit not secured by real estate as they are charged off after 120 to 180 days past due and not placed on nonperforming status . additionally , we have excluded purchased impaired loans as they are considered performing regardless of their delinquency status as interest is accreted based on our estimate of expected cash flows and additional allowance is recorded when these cash flows are below recorded investment . see table 33 : nonperforming assets by type within this credit risk management section for additional information . the alll balance increases or decreases across periods in relation to fluctuating risk factors , including asset quality trends , charge-offs and changes in aggregate portfolio balances . during 2012 , improving asset quality trends , including , but not limited to , delinquency status , improving economic conditions , realization of previously estimated losses through charge-offs and overall portfolio growth , combined to result in reducing the estimated credit losses within the portfolio . as a result , the alll balance declined $ 311 million , or 7% ( 7 % ) , to $ 4.0 billion during the year ended december 31 , 2012 . see note 7 allowances for loan and lease losses and unfunded loan commitments and letters of credit and note 6 purchased loans in the notes to consolidated financial statements in item 8 of this report regarding changes in the alll and in the allowance for unfunded loan commitments and letters of credit . credit default swaps from a credit risk management perspective , we use credit default swaps ( cds ) as a tool to manage risk concentrations in the credit portfolio . that risk management could come from protection purchased or sold in the form of single name or index products . when we buy loss protection by purchasing a cds , we pay a fee to the seller , or cds counterparty , in return for the right to receive a payment if a specified credit event occurs for a particular obligor or reference entity . when we sell protection , we receive a cds premium from the buyer in return for pnc 2019s obligation to pay the buyer if a specified credit event occurs for a particular obligor or reference entity . we evaluate the counterparty credit worthiness for all our cds activities . counterparty creditworthiness is approved based on a review of credit quality in accordance with our traditional credit quality standards and credit policies . the credit risk of our counterparties is monitored in the normal course of business . in addition , all counterparty credit lines are subject to collateral thresholds and exposures above these thresholds are secured . cdss are included in the 201cderivatives not designated as hedging instruments under gaap 201d section of table 54 : financial derivatives summary in the financial derivatives section of this risk management discussion . the pnc financial services group , inc . 2013 form 10-k 97 .
Question: in 2012 what was the ratio of the decline in the provision for commercial lending credit losses to the consumers provision
Answer:
|
0.30952
|
in 2012 what was the ratio of the decline in the provision for commercial lending credit losses to the consumers provision
|
{
"options": {
"A": "0.22",
"B": "0.13",
"C": "0.30952",
"D": "0.126"
},
"goldenKey": "C"
}
|
{
"A": "0.22",
"B": "0.13",
"C": "0.30952",
"D": "0.126"
}
|
C
|
finqa2557
|
Please answer the given financial question based on the context.
Context: note 17 . accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
|( losses ) earnings ( in millions )|( losses ) earnings 2017|( losses ) earnings 2016|2015|
|currency translation adjustments|$ -5761 ( 5761 )|$ -6091 ( 6091 )|$ -6129 ( 6129 )|
|pension and other benefits|-2816 ( 2816 )|-3565 ( 3565 )|-3332 ( 3332 )|
|derivatives accounted for as hedges|42|97|59|
|total accumulated other comprehensive losses|$ -8535 ( 8535 )|$ -9559 ( 9559 )|$ -9402 ( 9402 )|
reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2017 , 2016 , and 2015 . for the years ended december 31 , 2017 , 2016 , and 2015 , $ 2 million , $ ( 5 ) million and $ 1 million of net currency translation adjustment gains/ ( losses ) were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings , respectively , upon liquidation of subsidiaries . for additional information , see note 13 . benefit plans and note 15 . financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments . note 18 . contingencies : tobacco-related litigation legal proceedings covering a wide range of matters are pending or threatened against us , and/or our subsidiaries , and/or our indemnitees in various jurisdictions . our indemnitees include distributors , licensees and others that have been named as parties in certain cases and that we have agreed to defend , as well as to pay costs and some or all of judgments , if any , that may be entered against them . pursuant to the terms of the distribution agreement between altria group , inc . ( "altria" ) and pmi , pmi will indemnify altria and philip morris usa inc . ( "pm usa" ) , a u.s . tobacco subsidiary of altria , for tobacco product claims based in substantial part on products manufactured by pmi or contract manufactured for pmi by pm usa , and pm usa will indemnify pmi for tobacco product claims based in substantial part on products manufactured by pm usa , excluding tobacco products contract manufactured for pmi . it is possible that there could be adverse developments in pending cases against us and our subsidiaries . an unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation . damages claimed in some of the tobacco-related litigation are significant and , in certain cases in brazil , canada and nigeria , range into the billions of u.s . dollars . the variability in pleadings in multiple jurisdictions , together with the actual experience of management in litigating claims , demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome . much of the tobacco-related litigation is in its early stages , and litigation is subject to uncertainty . however , as discussed below , we have to date been largely successful in defending tobacco-related litigation . we and our subsidiaries record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated . at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , after assessing the information available to it ( i ) management has not concluded that it is probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss for any of the pending tobacco-related cases ; and ( iii ) accordingly , no estimated loss has been accrued in the consolidated financial statements for unfavorable outcomes in these cases , if any . legal defense costs are expensed as incurred. .
Question: what was the change in millions of total accumulated other comprehensive losses from 2016 to 2017?
Answer:
|
1024.0
|
what was the change in millions of total accumulated other comprehensive losses from 2016 to 2017?
|
{
"options": {
"A": "1024.0",
"B": "-1024.0",
"C": "8535.0",
"D": "-8535.0"
},
"goldenKey": "A"
}
|
{
"A": "1024.0",
"B": "-1024.0",
"C": "8535.0",
"D": "-8535.0"
}
|
A
|
finqa2558
|
Please answer the given financial question based on the context.
Context: pre-construction costs , interim dam safety measures and environmental costs and construction costs . the authorized costs were being recovered via a surcharge over a twenty-year period which began in october 2012 . the unrecovered balance of project costs incurred , including cost of capital , net of surcharges totaled $ 85 million and $ 89 million as of december 31 , 2018 and 2017 , respectively . surcharges collected were $ 8 million and $ 7 million for the years ended december 31 , 2018 and 2017 , respectively . pursuant to the general rate case approved in december 2018 , approval was granted to reset the twenty-year amortization period to begin january 1 , 2018 and to establish an annual revenue requirement of $ 8 million to be recovered through base rates . debt expense is amortized over the lives of the respective issues . call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates . purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s utility subsidiary in california during 2002 , and acquisitions in 2007 by the company 2019s utility subsidiary in new jersey . as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization on the consolidated statements of operations through november 2048 . tank painting costs are generally deferred and amortized to operations and maintenance expense on the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service . as a result of the prepayment by american water capital corp. , the company 2019s wholly owned finance subsidiary ( 201cawcc 201d ) , of the 5.62% ( 5.62 % ) series c senior notes due upon maturity on december 21 , 2018 ( the 201cseries c notes 201d ) , 5.62% ( 5.62 % ) series e senior notes due march 29 , 2019 ( the 201cseries e notes 201d ) and 5.77% ( 5.77 % ) series f senior notes due december 21 , 2022 ( the 201cseries f notes , 201d and together with the series e notes , the 201cseries notes 201d ) , a make-whole premium of $ 10 million was paid to the holders of the series notes on september 11 , 2018 . substantially all of these early debt extinguishment costs were allocable to the company 2019s utility subsidiaries and recorded as regulatory assets , as the company believes they are probable of recovery in future rates . other regulatory assets include certain construction costs for treatment facilities , property tax stabilization , employee-related costs , deferred other postretirement benefit expense , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others . these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods . regulatory liabilities regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process . also , if costs expected to be incurred in the future are currently being recovered through rates , the company records those expected future costs as regulatory liabilities . the following table provides the composition of regulatory liabilities as of december 31: .
||2018|2017|
|income taxes recovered through rates|$ 1279|$ 1242|
|removal costs recovered through rates|309|315|
|postretirement benefit liability|209|33|
|pension and other postretirement benefit balancing accounts|46|48|
|tcja reserve on revenue|36|2014|
|other|28|26|
|total regulatory liabilities|$ 1907|$ 1664|
.
Question: by how much did the unrecovered balance of project costs incurred decrease from 2017 to 2018?
Answer:
|
0.04494
|
by how much did the unrecovered balance of project costs incurred decrease from 2017 to 2018?
|
{
"options": {
"A": "0.04494",
"B": "0.085",
"C": "0.089",
"D": "0.08906"
},
"goldenKey": "A"
}
|
{
"A": "0.04494",
"B": "0.085",
"C": "0.089",
"D": "0.08906"
}
|
A
|
finqa2560
|
Please answer the given financial question based on the context.
Context: part i item 1 . business our company founded in 1886 , american water works company , inc . ( the 201ccompany 201d or 201camerican water 201d ) is a holding company incorporated in delaware . american water is the largest and most geographically diverse investor owned publicly-traded united states water and wastewater utility company , as measured by both operating revenues and population served . we employ approximately 6700 professionals who provide drinking water , wastewater and other related services to an estimated 15 million people in 47 states , the district of columbia and ontario , canada . operating segments we conduct our business primarily through our regulated businesses segment . we also operate several market-based businesses that provide a broad range of related and complementary water and wastewater services , which include four operating segments that individually do not meet the criteria of a reportable segment in accordance with generally accepted accounting principles in the united states ( 201cgaap 201d ) . these four non- reportable operating segments are collectively presented as our 201cmarket-based businesses , 201d which is consistent with how management assesses the results of these businesses . additional information can be found in item 7 2014management 2019s discussion and analysis of financial condition and results of operations and note 19 2014segment information in the notes to consolidated financial statements . regulated businesses our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential , commercial , industrial and other customers , including sale for resale and public authority customers . our subsidiaries that provide these services operate in approximately 1600 communities in 16 states in the united states and are generally subject to regulation by certain state commissions or other entities engaged in utility regulation , referred to as public utility commissions or ( 201cpucs 201d ) . the federal and state governments also regulate environmental , health and safety , and water quality matters . we report the results of the services provided by our utilities in our regulated businesses segment . our regulated businesses segment 2019s operating revenues were $ 2743 million for 2015 , $ 2674 million for 2014 and $ 2594 million for 2013 , accounting for 86.8% ( 86.8 % ) , 88.8% ( 88.8 % ) and 90.1% ( 90.1 % ) , respectively , of total operating revenues for the same periods . the following table summarizes our regulated businesses 2019 operating revenues , number of customers and estimated population served by state , each as of december 31 , 2015 : operating revenues ( in millions ) % ( % ) of total number of customers % ( % ) of total estimated population served ( in millions ) % ( % ) of total .
|new jersey|operatingrevenues ( in millions ) $ 704|% ( % ) of total 25.7% ( 25.7 % )|number ofcustomers 660580|% ( % ) of total 20.3% ( 20.3 % )|estimatedpopulationserved ( in millions ) 2.7|% ( % ) of total 22.3% ( 22.3 % )|
|pennsylvania|614|22.4% ( 22.4 % )|672407|20.7% ( 20.7 % )|2.3|19.0% ( 19.0 % )|
|illinois ( a )|270|9.8% ( 9.8 % )|313058|9.6% ( 9.6 % )|1.3|10.7% ( 10.7 % )|
|missouri|269|9.8% ( 9.8 % )|473245|14.5% ( 14.5 % )|1.5|12.4% ( 12.4 % )|
|indiana|206|7.5% ( 7.5 % )|295994|9.1% ( 9.1 % )|1.3|10.7% ( 10.7 % )|
|california|198|7.2% ( 7.2 % )|174942|5.4% ( 5.4 % )|0.6|5.0% ( 5.0 % )|
|west virginia ( b )|129|4.7% ( 4.7 % )|169037|5.2% ( 5.2 % )|0.6|5.0% ( 5.0 % )|
|subtotal ( top seven states )|2390|87.1% ( 87.1 % )|2759263|84.8% ( 84.8 % )|10.3|85.1% ( 85.1 % )|
|other ( c )|353|12.9% ( 12.9 % )|493428|15.2% ( 15.2 % )|1.8|14.9% ( 14.9 % )|
|total regulated businesses|$ 2743|100.0% ( 100.0 % )|3252691|100.0% ( 100.0 % )|12.1|100.0% ( 100.0 % )|
( a ) includes illinois-american water company and american lake water company . ( b ) includes west virginia-american water company and its subsidiary bluefield valley water works company . ( c ) includes data from our utilities in the following states : georgia , hawaii , iowa , kentucky , maryland , michigan , new york , tennessee and virginia. .
Question: what is the approximate customer penetration in the west virginia market area?
Answer:
|
0.28173
|
what is the approximate customer penetration in the west virginia market area?
|
{
"options": {
"A": "0.28173%",
"B": "4.7%",
"C": "5.2%",
"D": "0.6%"
},
"goldenKey": "A"
}
|
{
"A": "0.28173%",
"B": "4.7%",
"C": "5.2%",
"D": "0.6%"
}
|
A
|
finqa2561
|
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: in 2012 what percentage of the investment securities portfolio consited of mortgage loans?
Answer:
|
0.01926
|
in 2012 what percentage of the investment securities portfolio consited of mortgage loans?
|
{
"options": {
"A": "0.01926%",
"B": "0.019%",
"C": "0.1926%",
"D": "0.19%"
},
"goldenKey": "A"
}
|
{
"A": "0.01926%",
"B": "0.019%",
"C": "0.1926%",
"D": "0.19%"
}
|
A
|
finqa2562
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement . the legal settlements net of insurance included aftertax charges of $ 80 million for the marvin legal settlement , net of insurance recoveries of $ 11 million , and $ 37 million for the impact of the federal glass class action antitrust legal settlement . results of reportable business segments net sales segment income ( millions ) 2006 2005 2006 2005 .
|( millions )|net sales 2006|net sales 2005|net sales 2006|2005|
|industrial coatings|$ 3236|$ 2921|$ 349|$ 284|
|performance and applied coatings|3088|2668|514|464|
|optical and specialty materials|1001|867|223|158|
|commodity chemicals|1483|1531|285|313|
|glass|2229|2214|148|123|
industrial coatings sales increased $ 315 million or 11% ( 11 % ) in 2006 . sales increased 4% ( 4 % ) due to acquisitions , 4% ( 4 % ) due to increased volumes in the automotive , industrial and packaging coatings operating segments , 2% ( 2 % ) due to higher selling prices , particularly in the industrial and packaging coatings businesses and 1% ( 1 % ) due to the positive effects of foreign currency translation . segment income increased $ 65 million in 2006 . the increase in segment income was primarily due to the impact of increased sales volume , lower overhead and manufacturing costs , and the impact of acquisitions . segment income was reduced by the adverse impact of inflation , which was substantially offset by higher selling prices . performance and applied coatings sales increased $ 420 million or 16% ( 16 % ) in 2006 . sales increased 8% ( 8 % ) due to acquisitions , 4% ( 4 % ) due to higher selling prices in the refinish , aerospace and architectural coatings operating segments , 3% ( 3 % ) due to increased volumes in our aerospace and architectural coatings businesses and 1% ( 1 % ) due to the positive effects of foreign currency translation . segment income increased $ 50 million in 2006 . the increase in segment income was primarily due to the impact of increased sales volume and higher selling prices , which more than offset the impact of inflation . segment income was reduced by increased overhead costs to support growth in our architectural coatings business . optical and specialty materials sales increased $ 134 million or 15% ( 15 % ) in 2006 . sales increased 10% ( 10 % ) due to higher volumes , particularly in optical products and fine chemicals and 5% ( 5 % ) due to acquisitions in our optical products business . segment income increased $ 65 million in 2006 . the absence of the 2005 charge for an asset impairment in our fine chemicals business increased segment income by $ 27 million . the remaining $ 38 million increase in segment income was primarily due to increased volumes , lower manufacturing costs , and the absence of the 2005 hurricane costs of $ 3 million , net of 2006 insurance recoveries , which were only partially offset by increased overhead costs in our optical products business to support growth and the negative impact of inflation . commodity chemicals sales decreased $ 48 million or 3% ( 3 % ) in 2006 . sales decreased 4% ( 4 % ) due to lower chlor-alkali volumes and increased 1% ( 1 % ) due to higher selling prices . segment income decreased $ 28 million in 2006 . the year- over-year decline in segment income was due primarily to lower sales volumes and higher manufacturing costs associated with reduced production levels . the absence of the 2005 charges for direct costs related to hurricanes increased segment income by $ 29 million . the impact of higher selling prices ; lower inflation , primarily natural gas costs , and an insurance recovery of $ 10 million related to the 2005 hurricane losses also increased segment income in 2006 . our fourth-quarter chlor-alkali sales volumes and earnings were negatively impacted by production outages at several customers over the last two months of 2006 . it is uncertain when some of these customers will return to a normal level of production which may impact the sales and earnings of our chlor-alkali business in early 2007 . glass sales increased $ 15 million or 1% ( 1 % ) in 2006 . sales increased 1% ( 1 % ) due to improved volumes resulting from a combination of organic growth and an acquisition . a slight positive impact on sales due to foreign currency translation offset a slight decline in pricing . volumes increased in the performance glazings , automotive replacement glass and services and fiber glass businesses . automotive oem glass volume declined during 2006 . pricing was also up in performance glazings , but declined in the other glass businesses . segment income increased $ 25 million in 2006 . this increase in segment income was primarily the result of higher equity earnings from our asian fiber glass joint ventures , higher royalty income and lower manufacturing and natural gas costs , which more than offset the negative impacts of higher inflation , lower margin mix of sales and reduced selling prices . our fiber glass operating segment made progress during 2006 in achieving our multi-year plan to improve profitability and cash flow . a transformation of our supply chain , which includes production of a more focused product mix at each manufacturing plant , manufacturing cost reduction initiatives and improved equity earnings from our asian joint ventures are the primary focus and represent the critical success factors in this plan . during 2006 , our new joint venture in china started producing high labor content fiber glass reinforcement products , which will allow us to refocus our u.s . production capacity on higher margin , direct process products . the 2006 earnings improvement by our fiber glass operating segment accounted for the bulk of the 2006 improvement in the glass reportable business segment income . 20 2006 ppg annual report and form 10-k 4282_txt .
Question: the 2005 charge for asset impairments in the optical and specialty materials segment represented what percent of pre-impairment earnings for the segment?
Answer:
|
0.14595
|
the 2005 charge for asset impairments in the optical and specialty materials segment represented what percent of pre-impairment earnings for the segment?
|
{
"options": {
"A": "0.14595%",
"B": "0.134%",
"C": "0.155%",
"D": "0.172%"
},
"goldenKey": "A"
}
|
{
"A": "0.14595%",
"B": "0.134%",
"C": "0.155%",
"D": "0.172%"
}
|
A
|
finqa2563
|
Please answer the given financial question based on the context.
Context: approximately 99% ( 99 % ) of the outstanding shares of common stock of aon corporation were held within the dtc system . the class a ordinary shares of aon plc are , at present , eligible for deposit and clearing within the dtc system . in connection with the closing of the redomestication , we entered into arrangements with dtc whereby we agreed to indemnify dtc for any stamp duty and/or sdrt that may be assessed upon it as a result of its service as a depository and clearing agency for our class a ordinary shares . in addition , we have obtained a ruling from hmrc in respect of the stamp duty and sdrt consequences of the reorganization , and sdrt has been paid in accordance with the terms of this ruling in respect of the deposit of class a ordinary shares with the initial depository . dtc will generally have discretion to cease to act as a depository and clearing agency for the class a ordinary shares . if dtc determines at any time that the class a ordinary shares are not eligible for continued deposit and clearance within its facilities , then we believe the class a ordinary shares would not be eligible for continued listing on a u.s . securities exchange or inclusion in the s&p 500 and trading in the class a ordinary shares would be disrupted . while we would pursue alternative arrangements to preserve our listing and maintain trading , any such disruption could have a material adverse effect on the trading price of the class a ordinary shares . item 1b . unresolved staff comments . item 2 . properties . we have offices in various locations throughout the world . substantially all of our offices are located in leased premises . we maintain our corporate headquarters at 122 leadenhall street , london , england , where we occupy approximately 190000 square feet of space under an operating lease agreement that expires in 2034 . we own one significant building at pallbergweg 2-4 , amsterdam , the netherlands ( 150000 square feet ) . the following are additional significant leased properties , along with the occupied square footage and expiration . property : occupied square footage expiration .
|property:|occupiedsquare footage|leaseexpiration dates|
|4 overlook point and other locations lincolnshire illinois|1059000|2019 2013 2024|
|tikri campus and unitech cyber park gurgaon india|440000|2015 2013 2019|
|200 e . randolph street chicago illinois|428000|2028|
|2601 research forest drive the woodlands texas|414000|2020|
|2300 discovery drive orlando florida|364000|2020|
|199 water street new york new york|319000|2018|
|7201 hewitt associates drive charlotte north carolina|218000|2025|
the locations in lincolnshire , illinois , gurgaon , india , the woodlands , texas , orlando , florida , and charlotte , north carolina , are primarily dedicated to our hr solutions segment . the other locations listed above house personnel from both of our reportable segments . in general , no difficulty is anticipated in negotiating renewals as leases expire or in finding other satisfactory space if the premises become unavailable . we believe that the facilities we currently occupy are adequate for the purposes for which they are being used and are well maintained . in certain circumstances , we may have unused space and may seek to sublet such space to third parties , depending upon the demands for office space in the locations involved . see note 7 "lease commitments" of the notes to consolidated financial statements in part ii , item 8 of this report for information with respect to our lease commitments as of december 31 , 2015 . item 3 . legal proceedings . we hereby incorporate by reference note 14 "commitments and contingencies" of the notes to consolidated financial statements in part ii , item 8 of this report . item 4 . mine safety disclosure . not applicable. .
Question: what is the total square feet of buildings whose lease will expire in 2020?
Answer:
|
778000.0
|
what is the total square feet of buildings whose lease will expire in 2020?
|
{
"options": {
"A": "1059000",
"B": "440000",
"C": "414000",
"D": "778000"
},
"goldenKey": "D"
}
|
{
"A": "1059000",
"B": "440000",
"C": "414000",
"D": "778000"
}
|
D
|
finqa2564
|
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 was the ratio of the goodwill and other intangible assets for the company had approximately in 2017 to 2016
Answer:
|
0.98729
|
what was the ratio of the goodwill and other intangible assets for the company had approximately in 2017 to 2016
|
{
"options": {
"A": "0.98729",
"B": "0.98730",
"C": "0.98731",
"D": "0.98732"
},
"goldenKey": "A"
}
|
{
"A": "0.98729",
"B": "0.98730",
"C": "0.98731",
"D": "0.98732"
}
|
A
|
finqa2565
|
Please answer the given financial question based on the context.
Context: the following is a summary of our floor space by business segment at december 31 , 2010 : ( square feet in millions ) owned leased government- owned total .
|( square feet in millions )|owned|leased|government-owned|total|
|aeronautics|5.2|3.7|15.2|24.1|
|electronic systems|10.3|11.5|7.1|28.9|
|information systems & global solutions|2.6|7.9|2014|10.5|
|space systems|8.6|1.6|.9|11.1|
|corporate activities|2.9|.8|2014|3.7|
|total|29.6|25.5|23.2|78.3|
some of our owned properties , primarily classified under corporate activities , are leased to third parties . in the area of manufacturing , most of the operations are of a job-order nature , rather than an assembly line process , and productive equipment has multiple uses for multiple products . management believes that all of our major physical facilities are in good condition and are adequate for their intended use . item 3 . legal proceedings we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole , notwithstanding that the unfavorable resolution of any matter may have a material effect on our net earnings in any particular quarter . we cannot predict the outcome of legal proceedings with certainty . these matters include the proceedings summarized in note 14 2013 legal proceedings , commitments , and contingencies beginning on page 78 of this form 10-k . from time-to-time , agencies of the u.s . government investigate whether our operations are being conducted in accordance with applicable regulatory requirements . u.s . government investigations of us , whether relating to government contracts or conducted for other reasons , could result in administrative , civil , or criminal liabilities , including repayments , fines , or penalties being imposed upon us , or could lead to suspension or debarment from future u.s . government contracting . u.s . government investigations often take years to complete and many result in no adverse action against us . we are subject to federal and state requirements for protection of the environment , including those for discharge of hazardous materials and remediation of contaminated sites . as a result , we are a party to or have our property subject to various lawsuits or proceedings involving environmental protection matters . due in part to their complexity and pervasiveness , such requirements have resulted in us being involved with related legal proceedings , claims , and remediation obligations . the extent of our financial exposure cannot in all cases be reasonably estimated at this time . for information regarding these matters , including current estimates of the amounts that we believe are required for remediation or clean-up to the extent estimable , see 201ccritical accounting policies 2013 environmental matters 201d in management 2019s discussion and analysis of financial condition and results of operations beginning on page 45 , and note 14 2013 legal proceedings , commitments , and contingencies beginning on page 78 of this form 10-k . item 4 . ( removed and reserved ) item 4 ( a ) . executive officers of the registrant our executive officers are listed below , as well as information concerning their age at december 31 , 2010 , positions and offices held with the corporation , and principal occupation and business experience over the past five years . there were no family relationships among any of our executive officers and directors . all officers serve at the pleasure of the board of directors . linda r . gooden ( 57 ) , executive vice president 2013 information systems & global solutions ms . gooden has served as executive vice president 2013 information systems & global solutions since january 2007 . she previously served as deputy executive vice president 2013 information & technology services from october 2006 to december 2006 , and president , lockheed martin information technology from september 1997 to december 2006 . christopher j . gregoire ( 42 ) , vice president and controller ( chief accounting officer ) mr . gregoire has served as vice president and controller ( chief accounting officer ) since march 2010 . he previously was employed by sprint nextel corporation from august 2006 to may 2009 , most recently as principal accounting officer and assistant controller , and was a partner at deloitte & touche llp from september 2003 to july 2006. .
Question: what portion of the total floor space is owned by the company?
Answer:
|
0.37803
|
what portion of the total floor space is owned by the company?
|
{
"options": {
"A": "0.37803",
"B": "0.32569",
"C": "0.29697",
"D": "0.42197"
},
"goldenKey": "A"
}
|
{
"A": "0.37803",
"B": "0.32569",
"C": "0.29697",
"D": "0.42197"
}
|
A
|
finqa2566
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements jpmorgan chase & co./2009 annual report 168 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 statements of income for the years ended december 31 , 2009 , 2008 and 2007 , related to financial instru- ments held at these dates . year ended december 31 .
|( in millions )|2009|2008|2007|
|loans retained|$ -3550 ( 3550 )|$ -1159 ( 1159 )|$ -218 ( 218 )|
|loans held-for-sale|-389 ( 389 )|-2728 ( 2728 )|-502 ( 502 )|
|total loans|-3939 ( 3939 )|-3887 ( 3887 )|-720 ( 720 )|
|other assets|-104 ( 104 )|-685 ( 685 )|-161 ( 161 )|
|accounts payable andother liabilities|31|-285 ( 285 )|2|
|total nonrecurringfairvalue gains/ ( losses )|$ -4012 ( 4012 )|$ -4857 ( 4857 )|$ -879 ( 879 )|
accounts payable and other liabilities 31 ( 285 ) 2 total nonrecurring fair value gains/ ( losses ) $ ( 4012 ) $ ( 4857 ) $ ( 879 ) in the above table , loans predominantly include : ( 1 ) write-downs of delinquent mortgage and home equity loans where impairment is based on the fair value of the underlying collateral ; and ( 2 ) the change in fair value for leveraged lending loans carried on the consolidated balance sheets at the lower of cost or fair value . accounts payable and other liabilities predominantly include the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio . level 3 analysis level 3 assets ( including assets measured at fair value on a nonre- curring basis ) were 6% ( 6 % ) of total firm assets at both december 31 , 2009 and 2008 . level 3 assets were $ 130.4 billion at december 31 , 2009 , reflecting a decrease of $ 7.3 billion in 2009 , due to the following : 2022 a net decrease of $ 6.3 billion in gross derivative receivables , predominantly driven by the tightening of credit spreads . offset- ting a portion of the decrease were net transfers into level 3 dur- ing the year , most notably a transfer into level 3 of $ 41.3 billion of structured credit derivative receivables , and a transfer out of level 3 of $ 17.7 billion of single-name cds on abs . the fair value of the receivables transferred into level 3 during the year was $ 22.1 billion at december 31 , 2009 . the fair value of struc- tured credit derivative payables with a similar underlying risk profile to the previously noted receivables , that are also classified in level 3 , was $ 12.5 billion at december 31 , 2009 . these de- rivatives payables offset the receivables , as they are modeled and valued the same way with the same parameters and inputs as the assets . 2022 a net decrease of $ 3.5 billion in loans , predominantly driven by sales of leveraged loans and transfers of similar loans to level 2 , due to increased price transparency for such assets . leveraged loans are typically classified as held-for-sale and measured at the lower of cost or fair value and , therefore , included in the nonre- curring fair value assets . 2022 a net decrease of $ 6.3 billion in trading assets 2013 debt and equity instruments , primarily in loans and residential- and commercial- mbs , principally driven by sales and markdowns , and by sales and unwinds of structured transactions with hedge funds . the declines were partially offset by a transfer from level 2 to level 3 of certain structured notes reflecting lower liquidity and less pricing ob- servability , and also increases in the fair value of other abs . 2022 a net increase of $ 6.1 billion in msrs , due to increases in the fair value of the asset , related primarily to market interest rate and other changes affecting the firm's estimate of future pre- payments , as well as sales in rfs of originated loans for which servicing rights were retained . these increases were offset par- tially by servicing portfolio runoff . 2022 a net increase of $ 1.9 billion in accrued interest and accounts receivable related to increases in subordinated retained interests from the firm 2019s credit card securitization activities . gains and losses gains and losses included in the tables for 2009 and 2008 included : 2022 $ 11.4 billion of net losses on derivatives , primarily related to the tightening of credit spreads . 2022 net losses on trading 2013debt and equity instruments of $ 671 million , consisting of $ 2.1 billion of losses , primarily related to residential and commercial loans and mbs , principally driven by markdowns and sales , partially offset by gains of $ 1.4 billion , reflecting increases in the fair value of other abs . ( for a further discussion of the gains and losses on mortgage-related expo- sures , inclusive of risk management activities , see the 201cmort- gage-related exposures carried at fair value 201d discussion below. ) 2022 $ 5.8 billion of gains on msrs . 2022 $ 1.4 billion of losses related to structured note liabilities , pre- dominantly due to volatility in the equity markets . 2022 losses on trading-debt and equity instruments of approximately $ 12.8 billion , principally from mortgage-related transactions and auction-rate securities . 2022 losses of $ 6.9 billion on msrs . 2022 losses of approximately $ 3.9 billion on leveraged loans . 2022 net gains of $ 4.6 billion related to derivatives , principally due to changes in credit spreads and rate curves . 2022 gains of $ 4.5 billion related to structured notes , principally due to significant volatility in the fixed income , commodities and eq- uity markets . 2022 private equity losses of $ 638 million . for further information on changes in the fair value of the msrs , see note 17 on pages 223 2013224 of this annual report. .
Question: how much of the change in level 3 assets was due to the net decrease in derivative receivables due to the tightening of credit spreads?
Answer:
|
0.86301
|
how much of the change in level 3 assets was due to the net decrease in derivative receivables due to the tightening of credit spreads?
|
{
"options": {
"A": "0.638",
"B": "0.63801",
"C": "0.863",
"D": "0.86301"
},
"goldenKey": "D"
}
|
{
"A": "0.638",
"B": "0.63801",
"C": "0.863",
"D": "0.86301"
}
|
D
|
finqa2567
|
Please answer the given financial question based on the context.
Context: 4 . business restructuring and cost reduction plans we recorded charges in 2013 and 2012 for business restructuring and cost reduction plans . these charges are reflected on the consolidated income statements as 201cbusiness restructuring and cost reduction plans . 201d the charges for these plans have been excluded from segment operating income . 2013 plan during the fourth quarter of 2013 , we recorded an expense of $ 231.6 ( $ 157.9 after-tax , or $ .74 per share ) reflecting actions to better align our cost structure with current market conditions . these charges include $ 100.4 for asset actions and $ 58.5 for the final settlement of a long-term take-or-pay silane contract primarily impacting the electronics business due to continued weakness in the photovoltaic ( pv ) and light-emitting diode ( led ) markets . in addition , $ 71.9 was recorded for severance , benefits , and other contractual obligations associated with the elimination of approximately 700 positions and executive changes . these charges primarily impact our merchant gases businesses and corporate functions . the actions are in response to weaker than expected business conditions in europe and asia , reorganization of our operations and functional areas , and previously announced senior executive changes . the planned actions are expected to be completed by the end of fiscal year 2014 . the 2013 charges relate to the businesses at the segment level as follows : $ 61.0 in merchant gases , $ 28.6 in tonnage gases , $ 141.0 in electronics and performance materials , and $ 1.0 in equipment and energy . the following table summarizes the carrying amount of the accrual for the 2013 plan at 30 september 2013 : severance and other benefits actions contract actions/ other total .
||severance and other benefits|asset actions|contract actions/ other|total|
|2013 charge|$ 71.9|$ 100.4|$ 59.3|$ 231.6|
|amount reflected in pension liability|-6.9 ( 6.9 )|2014|2014|-6.9 ( 6.9 )|
|noncash expenses|2014|-100.4 ( 100.4 )|2014|-100.4 ( 100.4 )|
|cash expenditures|-3.0 ( 3.0 )|2014|-58.5 ( 58.5 )|-61.5 ( 61.5 )|
|currency translation adjustment|.4|2014|2014|.4|
|accrued balance|$ 62.4|$ 2014|$ .8|$ 63.2|
2012 plans in 2012 , we recorded an expense of $ 327.4 ( $ 222.4 after-tax , or $ 1.03 per share ) for business restructuring and cost reduction plans in our polyurethane intermediates ( pui ) , electronics , and european merchant businesses . during the second quarter of 2012 , we recorded an expense of $ 86.8 ( $ 60.6 after-tax , or $ .28 per share ) for actions to remove stranded costs resulting from our decision to exit the homecare business , the reorganization of the merchant business , and actions to right-size our european cost structure in light of the challenging economic outlook . the charge related to the businesses at the segment level as follows : $ 77.3 in merchant gases , $ 3.8 in tonnage gases , and $ 5.7 in electronics and performance materials . as of 30 september 2013 , the planned actions were completed . during the fourth quarter of 2012 , we took actions to exit the pui business to improve costs , resulting in a net expense of $ 54.6 ( $ 34.8 after-tax , or $ .16 per share ) . we sold certain assets and the rights to a supply contract for $ 32.7 in cash at closing . in connection with these actions , we recognized an expense of $ 26.6 , for the net book value of assets sold and those committed to be disposed of other than by sale . the remaining charge was primarily related to contract terminations and an environmental liability . our pui production facility in pasadena , texas is currently being dismantled , with completion expected in fiscal year 2014 . the costs to dismantle are expensed as incurred and reflected in continuing operations in the tonnage gases business segment . during the fourth quarter of 2012 , we completed an assessment of our position in the pv market , resulting in $ 186.0 of expense ( $ 127.0 after-tax , or $ .59 per share ) primarily related to the electronics and performance materials segment . air products supplies the pv market with both bulk and on-site supply of gases , including silane . the pv market has not developed as expected , and as a result , the market capacity to produce silane is expected to exceed demand for the foreseeable future . included in the charge was an accrual of $ 93.5 for an offer that we made to terminate a long-term take-or-pay contract to purchase silane . a final settlement was reached with the supplier in the fourth quarter of 2013. .
Question: considering the 2013 charge , what is the impact of the merchant gases segment on the total charge?
Answer:
|
0.26339
|
considering the 2013 charge , what is the impact of the merchant gases segment on the total charge?
|
{
"options": {
"A": "0.26339",
"B": "0.2449",
"C": "0.28571",
"D": "0.31818"
},
"goldenKey": "A"
}
|
{
"A": "0.26339",
"B": "0.2449",
"C": "0.28571",
"D": "0.31818"
}
|
A
|
finqa2568
|
Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis as of december 2017 , total staff increased 6% ( 6 % ) compared with december 2016 , reflecting investments in technology and marcus , and support of our regulatory efforts . 2016 versus 2015 . operating expenses in the consolidated statements of earnings were $ 20.30 billion for 2016 , 19% ( 19 % ) lower than 2015 . compensation and benefits expenses in the consolidated statements of earnings were $ 11.65 billion for 2016 , 8% ( 8 % ) lower than 2015 , reflecting a decrease in net revenues and the impact of expense savings initiatives . the ratio of compensation and benefits to net revenues for 2016 was 38.1% ( 38.1 % ) compared with 37.5% ( 37.5 % ) for 2015 . non-compensation expenses in the consolidated statements of earnings were $ 8.66 billion for 2016 , 30% ( 30 % ) lower than 2015 , primarily due to significantly lower net provisions for mortgage-related litigation and regulatory matters , which are included in other expenses . in addition , market development expenses and professional fees were lower compared with 2015 , reflecting expense savings initiatives . net provisions for litigation and regulatory proceedings for 2016 were $ 396 million compared with $ 4.01 billion for 2015 ( 2015 primarily related to net provisions for mortgage-related matters ) . 2016 included a $ 114 million charitable contribution to goldman sachs gives . compensation was reduced to fund this charitable contribution to goldman sachs gives . we ask our participating managing directors to make recommendations regarding potential charitable recipients for this contribution . as of december 2016 , total staff decreased 7% ( 7 % ) compared with december 2015 , due to expense savings initiatives . provision for taxes the effective income tax rate for 2017 was 61.5% ( 61.5 % ) , up from 28.2% ( 28.2 % ) for 2016 . the increase compared with 2016 reflected the estimated impact of tax legislation , which was enacted on december 22 , 2017 and , among other things , lowers u.s . corporate income tax rates as of january 1 , 2018 , implements a territorial tax system and imposes a repatriation tax on deemed repatriated earnings of foreign subsidiaries . the estimated impact of tax legislation was an increase in income tax expense of $ 4.40 billion , of which $ 3.32 billion was due to the repatriation tax and $ 1.08 billion was due to the effects of the implementation of the territorial tax system and the remeasurement of u.s . deferred tax assets at lower enacted corporate tax rates . the impact of tax legislation may differ from this estimate , possibly materially , due to , among other things , ( i ) refinement of our calculations based on updated information , ( ii ) changes in interpretations and assumptions , ( iii ) guidance that may be issued and ( iv ) actions we may take as a result of tax legislation . excluding the estimated impact of tax legislation , the effective income tax rate for 2017 was 22.0% ( 22.0 % ) , down from 28.2% ( 28.2 % ) for 2016 . this decrease was primarily due to tax benefits on the settlement of employee share-based awards in accordance with asu no . 2016-09 . the impact of these settlements in 2017 was a reduction to our provision for taxes of $ 719 million and a reduction in our effective income tax rate of 6.4 percentage points . see note 3 to the consolidated financial statements for further information about this asu . the effective income tax rate , excluding the estimated impact of tax legislation , is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies . we believe that presenting our effective income tax rate , excluding the estimated impact of tax legislation is meaningful , as excluding this item increases the comparability of period-to-period results . the table below presents the calculation of the effective income tax rate , excluding the estimated impact of tax legislation. .
|$ in millions|year ended december 2017 pre-tax earnings|year ended december 2017 provision for taxes|year ended december 2017 effective income tax rate|
|as reported|$ 11132|$ 6846|61.5% ( 61.5 % )|
|estimated impact of tax legislation|2013|4400|2013|
|excluding the estimated impact of taxlegislation|$ 11132|$ 2446|22.0% ( 22.0 % )|
excluding the estimated impact of tax legislation $ 11132 $ 2446 22.0% ( 22.0 % ) the effective income tax rate for 2016 was 28.2% ( 28.2 % ) , down from 30.7% ( 30.7 % ) for 2015 . the decline compared with 2015 was primarily due to the impact of non-deductible provisions for mortgage-related litigation and regulatory matters in 2015 , partially offset by the impact of changes in tax law on deferred tax assets , the mix of earnings and an increase related to higher enacted tax rates impacting certain of our u.k . subsidiaries in 2016 . effective january 1 , 2018 , tax legislation reduced the u.s . corporate tax rate to 21 percent , eliminated tax deductions for certain expenses and enacted two new taxes , base erosion and anti-abuse tax ( beat ) and global intangible low taxed income ( gilti ) . beat is an alternative minimum tax that applies to banks that pay more than 2 percent of total deductible expenses to certain foreign subsidiaries . gilti is a 10.5 percent tax , before allowable credits for foreign taxes paid , on the annual earnings and profits of certain foreign subsidiaries . based on our current understanding of these rules , the impact of beat and gilti is not expected to be material to our effective income tax rate . goldman sachs 2017 form 10-k 55 .
Question: what was the change in percentage points in the effective income tax rate for 2017 from 2016?
Answer:
|
6.2
|
what was the change in percentage points in the effective income tax rate for 2017 from 2016?
|
{
"options": {
"A": "6.4",
"B": "6.2",
"C": "6.0",
"D": "5.8"
},
"goldenKey": "B"
}
|
{
"A": "6.4",
"B": "6.2",
"C": "6.0",
"D": "5.8"
}
|
B
|
finqa2569
|
Please answer the given financial question based on the context.
Context: valuation of long-lived assets we estimate the useful lives of long-lived assets and make estimates concerning undiscounted cash flows to review for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset ( or asset group ) may not be recoverable . fair value is measured using discounted cash flows or independent appraisals , as appropriate . intangible assets goodwill and other indefinite-lived intangible assets are not subject to amortization and are tested for impairment annually and whenever events or changes in circumstances indicate that impairment may have occurred . our estimates of fair value for goodwill impairment testing are determined based on a discounted cash flow model . we use inputs from our long-range planning process to determine growth rates for sales and profits . we also make estimates of discount rates , perpetuity growth assumptions , market comparables , and other factors . we evaluate the useful lives of our other intangible assets , mainly brands , to determine if they are finite or indefinite-lived . reaching a determination on useful life requires significant judgments and assumptions regarding the future effects of obsolescence , demand , competition , other economic factors ( such as the stability of the industry , known technological advances , legislative action that results in an uncertain or changing regulatory environment , and expected changes in distribution channels ) , the level of required maintenance expenditures , and the expected lives of other related groups of assets . intangible assets that are deemed to have definite lives are amortized on a straight-line basis , over their useful lives , generally ranging from 4 to 30 years . our estimate of the fair value of our brand assets is based on a discounted cash flow model using inputs which include projected revenues from our long-range plan , assumed royalty rates that could be payable if we did not own the brands , and a discount rate . as of may 26 , 2019 , we had $ 20.6 billion of goodwill and indefinite-lived intangible assets . while we currently believe that the fair value of each intangible exceeds its carrying value and that those intangibles so classified will contribute indefinitely to our cash flows , materially different assumptions regarding future performance of our businesses or a different weighted-average cost of capital could result in material impairment losses and amortization expense . we performed our fiscal 2019 assessment of our intangible assets as of the first day of the second quarter of fiscal 2019 . as a result of lower sales projections in our long-range plans for the businesses supporting the progresso , food should taste good , and mountain high brand intangible assets , we recorded the following impairment charges : in millions impairment charge fair value nov . 25 , 2018 progresso $ 132.1 $ 330.0 food should taste good 45.1 - mountain high 15.4 - .
|in millions|impairment charge|fair value as of nov . 25 2018|
|progresso|$ 132.1|$ 330.0|
|food should taste good|45.1|-|
|mountain high|15.4|-|
|total|$ 192.6|$ 330.0|
significant assumptions used in that assessment included our long-range cash flow projections for the businesses , royalty rates , weighted-average cost of capital rates , and tax rates. .
Question: what was the total value of progresso before the impairment charge?
Answer:
|
462.1
|
what was the total value of progresso before the impairment charge?
|
{
"options": {
"A": "$132.1",
"B": "$45.1",
"C": "$15.4",
"D": "$462.1"
},
"goldenKey": "D"
}
|
{
"A": "$132.1",
"B": "$45.1",
"C": "$15.4",
"D": "$462.1"
}
|
D
|
finqa2571
|
Please answer the given financial question based on the context.
Context: table of contents 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 . the lower effective tax rate in 2010 as compared to 2009 is due primarily to an increase in foreign earnings on which u.s . income taxes have not been provided as such earnings are intended to be indefinitely reinvested outside the u.s . as of september 25 , 2010 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.4 billion , and deferred tax liabilities of $ 5.0 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 . during the third quarter of 2010 , the company reached a tax settlement with the irs for the years 2002 through 2003 . in addition , the company is subject to audits by state , local , and foreign tax authorities . management believes that adequate provision has 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 25 , 2010 ( in millions ) : as of september 25 , 2010 , the company had $ 51 billion in cash , cash equivalents and marketable securities , an increase of $ 17 billion from september 26 , 2009 . the principal component of this net increase was the cash generated by operating activities of $ 18.6 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 638 million . the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities , generally with a minimum rating of single-a or equivalent . as of september 25 , 2010 and september 26 , 2009 , $ 30.8 billion and $ 17.4 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 . 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. .
||2010|2009|2008|
|cash cash equivalents and marketable securities|$ 51011|$ 33992|$ 24490|
|accounts receivable net|$ 5510|$ 3361|$ 2422|
|inventories|$ 1051|$ 455|$ 509|
|working capital|$ 20956|$ 20049|$ 18645|
|annual operating cash flow|$ 18595|$ 10159|$ 9596|
.
Question: as of september 25 , 2010 , the company had $ 51 billion in cash , cash equivalents and marketable securities . what percentage of the change in 2010 was due to cash generated by operating activities?
Answer:
|
0.36471
|
as of september 25 , 2010 , the company had $ 51 billion in cash , cash equivalents and marketable securities . what percentage of the change in 2010 was due to cash generated by operating activities?
|
{
"options": {
"A": "0.36471%",
"B": "3.6471%",
"C": "36.471%",
"D": "364.71%"
},
"goldenKey": "A"
}
|
{
"A": "0.36471%",
"B": "3.6471%",
"C": "36.471%",
"D": "364.71%"
}
|
A
|
finqa2572
|
Please answer the given financial question based on the context.
Context: bhge 2018 form 10-k | 107 part iii item 10 . directors , executive officers and corporate governance information regarding our code of conduct , the spirit and the letter , and code of ethical conduct certificates for our principal executive officer , principal financial officer and principal accounting officer are described in item 1 . business of this annual report . information concerning our directors is set forth in the sections entitled "proposal no . 1 , election of directors - board nominees for directors" and "corporate governance - committees of the board" in our definitive proxy statement for the 2019 annual meeting of stockholders to be filed with the sec pursuant to the exchange act within 120 days of the end of our fiscal year on december 31 , 2018 ( proxy statement ) , which sections are incorporated herein by reference . for information regarding our executive officers , see "item 1 . business - executive officers of baker hughes" in this annual report on form 10-k . additional information regarding compliance by directors and executive officers with section 16 ( a ) of the exchange act is set forth under the section entitled "section 16 ( a ) beneficial ownership reporting compliance" in our proxy statement , which section is incorporated herein by reference . item 11 . executive compensation information for this item is set forth in the following sections of our proxy statement , which sections are incorporated herein by reference : "compensation discussion and analysis" "director compensation" "compensation committee interlocks and insider participation" and "compensation committee report." item 12 . security ownership of certain beneficial owners and management and related stockholder matters information concerning security ownership of certain beneficial owners and our management is set forth in the sections entitled "stock ownership of certain beneficial owners" and 201cstock ownership of section 16 ( a ) director and executive officers 201d in our proxy statement , which sections are incorporated herein by reference . we permit our employees , officers and directors to enter into written trading plans complying with rule 10b5-1 under the exchange act . rule 10b5-1 provides criteria under which such an individual may establish a prearranged plan to buy or sell a specified number of shares of a company's stock over a set period of time . any such plan must be entered into in good faith at a time when the individual is not in possession of material , nonpublic information . if an individual establishes a plan satisfying the requirements of rule 10b5-1 , such individual's subsequent receipt of material , nonpublic information will not prevent transactions under the plan from being executed . certain of our officers have advised us that they have and may enter into stock sales plans for the sale of shares of our class a common stock which are intended to comply with the requirements of rule 10b5-1 of the exchange act . in addition , the company has and may in the future enter into repurchases of our class a common stock under a plan that complies with rule 10b5-1 or rule 10b-18 of the exchange act . equity compensation plan information the information in the following table is presented as of december 31 , 2018 with respect to shares of our class a common stock that may be issued under our lti plan which has been approved by our stockholders ( in millions , except per share prices ) . equity compensation plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in the first column ) .
|equity compensation plancategory|number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights|weighted averageexercise price ofoutstandingoptions warrantsand rights|number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn )|
|stockholder-approved plans|2.7|$ 36.11|46.2|
|nonstockholder-approved plans|2014|2014|2014|
|subtotal ( except for weighted average exercise price )|2.7|36.11|46.2|
|employee stock purchase plan|2014|2014|15.0|
|total|2.7|$ 36.11|61.2|
.
Question: what is the employee stock purchase plan as a percentage of the total number of securities available for future issuance under equity compensation plans?
Answer:
|
0.2451
|
what is the employee stock purchase plan as a percentage of the total number of securities available for future issuance under equity compensation plans?
|
{
"options": {
"A": "0.0245%",
"B": "0.2451%",
"C": "2.451%",
"D": "24.51%"
},
"goldenKey": "B"
}
|
{
"A": "0.0245%",
"B": "0.2451%",
"C": "2.451%",
"D": "24.51%"
}
|
B
|
finqa2573
|
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: in 2012 what was the ratio of the mortgage loans ( average ) to mortgage loans ( period-end ) \\n
Answer:
|
1.45531
|
in 2012 what was the ratio of the mortgage loans ( average ) to mortgage loans ( period-end ) \\n
|
{
"options": {
"A": "1.45531",
"B": "0.76667",
"C": "0.76471",
"D": "1.45678"
},
"goldenKey": "A"
}
|
{
"A": "1.45531",
"B": "0.76667",
"C": "0.76471",
"D": "1.45678"
}
|
A
|
finqa2574
|
Please answer the given financial question based on the context.
Context: aggregate notional amounts associated with interest rate caps in place as of december 31 , 2004 and interest rate detail by contractual maturity dates ( in thousands , except percentages ) .
|interest rate caps|2005|2006|
|notional amount ( d )|$ 350000|$ 350000|
|cap rate ( e )|6.00% ( 6.00 % )|6.00% ( 6.00 % )|
( a ) as of december 31 , 2005 , variable rate debt consists of the new american tower and spectrasite credit facilities ( $ 1493.0 million ) that were refinanced on october 27 , 2005 , which are included above based on their october 27 , 2010 maturity dates . as of december 31 , 2005 , fixed rate debt consists of : the 2.25% ( 2.25 % ) convertible notes due 2009 ( 2.25% ( 2.25 % ) notes ) ( $ 0.1 million ) ; the 7.125% ( 7.125 % ) notes ( $ 500.0 million principal amount due at maturity ; the balance as of december 31 , 2005 is $ 501.9 million ) ; the 5.0% ( 5.0 % ) notes ( $ 275.7 million ) ; the 3.25% ( 3.25 % ) notes ( $ 152.9 million ) ; the 7.50% ( 7.50 % ) notes ( $ 225.0 million ) ; the ati 7.25% ( 7.25 % ) notes ( $ 400.0 million ) ; the ati 12.25% ( 12.25 % ) notes ( $ 227.7 million principal amount due at maturity ; the balance as of december 31 , 2005 is $ 160.3 million accreted value , net of the allocated fair value of the related warrants of $ 7.2 million ) ; the 3.00% ( 3.00 % ) notes ( $ 345.0 million principal amount due at maturity ; the balance as of december 31 , 2005 is $ 344.4 million accreted value ) and other debt of $ 60.4 million . interest on our credit facilities is payable in accordance with the applicable london interbank offering rate ( libor ) agreement or quarterly and accrues at our option either at libor plus margin ( as defined ) or the base rate plus margin ( as defined ) . the weighted average interest rate in effect at december 31 , 2005 for our credit facilities was 4.71% ( 4.71 % ) . for the year ended december 31 , 2005 , the weighted average interest rate under our credit facilities was 5.03% ( 5.03 % ) . as of december 31 , 2004 , variable rate debt consists of our previous credit facility ( $ 698.0 million ) and fixed rate debt consists of : the 2.25% ( 2.25 % ) notes ( $ 0.1 million ) ; the 7.125% ( 7.125 % ) notes ( $ 500.0 million principal amount due at maturity ; the balance as of december 31 , 2004 is $ 501.9 million ) ; the 5.0% ( 5.0 % ) notes ( $ 275.7 million ) ; the 3.25% ( 3.25 % ) notes ( $ 210.0 million ) ; the 7.50% ( 7.50 % ) notes ( $ 225.0 million ) ; the ati 7.25% ( 7.25 % ) notes ( $ 400.0 million ) ; the ati 12.25% ( 12.25 % ) notes ( $ 498.3 million principal amount due at maturity ; the balance as of december 31 , 2004 is $ 303.8 million accreted value , net of the allocated fair value of the related warrants of $ 21.6 million ) ; the 9 3 20448% ( 20448 % ) notes ( $ 274.9 million ) ; the 3.00% ( 3.00 % ) notes ( $ 345.0 million principal amount due at maturity ; the balance as of december 31 , 2004 is $ 344.3 million accreted value ) and other debt of $ 60.0 million . interest on the credit facility was payable in accordance with the applicable london interbank offering rate ( libor ) agreement or quarterly and accrues at our option either at libor plus margin ( as defined ) or the base rate plus margin ( as defined ) . the weighted average interest rate in effect at december 31 , 2004 for the credit facility was 4.35% ( 4.35 % ) . for the year ended december 31 , 2004 , the weighted average interest rate under the credit facility was 3.81% ( 3.81 % ) . ( b ) includes notional amount of $ 175000 that expires in february 2006 . ( c ) includes notional amount of $ 25000 that expires in september 2007 . ( d ) includes notional amounts of $ 250000 and $ 100000 that expire in june and july 2006 , respectively . ( e ) represents the weighted-average fixed rate or range of interest based on contractual notional amount as a percentage of total notional amounts in a given year . ( f ) includes notional amounts of $ 75000 , $ 75000 and $ 150000 that expire in december 2009 . ( g ) includes notional amounts of $ 100000 , $ 50000 , $ 50000 , $ 50000 and $ 50000 that expire in october 2010 . ( h ) includes notional amounts of $ 50000 and $ 50000 that expire in october 2010 . ( i ) includes notional amount of $ 50000 that expires in october 2010 . our foreign operations include rental and management segment divisions in mexico and brazil . the remeasurement gain for the year ended december 31 , 2005 was $ 396000 , and the remeasurement losses for the years ended december 31 , 2004 , and 2003 approximated $ 146000 , and $ 1142000 , respectively . changes in interest rates can cause interest charges to fluctuate on our variable rate debt , comprised of $ 1493.0 million under our credit facilities as of december 31 , 2005 . a 10% ( 10 % ) increase , or approximately 47 basis points , in current interest rates would have caused an additional pre-tax charge our net loss and an increase in our cash outflows of $ 7.0 million for the year ended december 31 , 2005 . item 8 . financial statements and supplementary data see item 15 ( a ) . item 9 . changes in and disagreements with accountants on accounting and financial disclosure .
Question: what is the annual interest expense related to the ati 7.25% ( 7.25 % ) notes , in millions?
Answer:
|
29.0
|
what is the annual interest expense related to the ati 7.25% ( 7.25 % ) notes , in millions?
|
{
"options": {
"A": "7.0",
"B": "14.5",
"C": "21.5",
"D": "29.0"
},
"goldenKey": "D"
}
|
{
"A": "7.0",
"B": "14.5",
"C": "21.5",
"D": "29.0"
}
|
D
|
finqa2575
|
Please answer the given financial question based on the context.
Context: entergy mississippi , inc . management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 12.4 million primarily due to higher other operation and maintenance expenses , lower other income , and higher depreciation and amortization expenses , partially offset by higher net revenue . 2007 compared to 2006 net income increased $ 19.8 million primarily due to higher net revenue , lower other operation and maintenance expenses , higher other income , and lower interest expense , partially offset by higher depreciation and amortization expenses . net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
||amount ( in millions )|
|2007 net revenue|$ 486.9|
|attala costs|9.9|
|rider revenue|6.0|
|base revenue|5.1|
|reserve equalization|-2.4 ( 2.4 )|
|net wholesale revenue|-4.0 ( 4.0 )|
|other|-2.7 ( 2.7 )|
|2008 net revenue|$ 498.8|
the attala costs variance is primarily due to an increase in the attala power plant costs that are recovered through the power management rider . the net income effect of this recovery in limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes . the recovery of attala power plant costs is discussed further in "liquidity and capital resources - uses of capital" below . the rider revenue variance is the result of a storm damage rider that became effective in october 2007 . the establishment of this rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense for the storm reserve with no effect on net income . the base revenue variance is primarily due to a formula rate plan increase effective july 2007 . the formula rate plan filing is discussed further in "state and local rate regulation" below . the reserve equalization variance is primarily due to changes in the entergy system generation mix compared to the same period in 2007. .
Question: what is the percent change in net revenue between 2007 and 2008?
Answer:
|
0.02444
|
what is the percent change in net revenue between 2007 and 2008?
|
{
"options": {
"A": "2.44%",
"B": "0.244%",
"C": "24.44%",
"D": "0.02444%"
},
"goldenKey": "D"
}
|
{
"A": "2.44%",
"B": "0.244%",
"C": "24.44%",
"D": "0.02444%"
}
|
D
|
finqa2576
|
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 operating profit for space systems in millions from 2008 to 2010?
Answer:
|
965.66667
|
what were average operating profit for space systems in millions from 2008 to 2010?
|
{
"options": {
"A": "953",
"B": "972",
"C": "965.66667",
"D": "11.8%"
},
"goldenKey": "C"
}
|
{
"A": "953",
"B": "972",
"C": "965.66667",
"D": "11.8%"
}
|
C
|
finqa2577
|
Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad that operates in the u.s . we have 31953 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although revenues are analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides revenue by commodity group : millions 2010 2009 2008 .
|millions|2010|2009|2008|
|agricultural|$ 3018|$ 2666|$ 3174|
|automotive|1271|854|1344|
|chemicals|2425|2102|2494|
|energy|3489|3118|3810|
|industrial products|2639|2147|3273|
|intermodal|3227|2486|3023|
|total freight revenues|$ 16069|$ 13373|$ 17118|
|other revenues|896|770|852|
|total operating revenues|$ 16965|$ 14143|$ 17970|
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported are outside the u.s . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position . investments 2013 investments represent our investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) that are accounted for under the equity method of accounting and investments in companies ( less than 20% ( 20 % ) owned ) accounted for under the cost method of accounting. .
Question: in 2010 what was the total revenues per mile
Answer:
|
0.53094
|
in 2010 what was the total revenues per mile
|
{
"options": {
"A": "0.53094",
"B": "0.41986",
"C": "0.63472",
"D": "0.71235"
},
"goldenKey": "A"
}
|
{
"A": "0.53094",
"B": "0.41986",
"C": "0.63472",
"D": "0.71235"
}
|
A
|
finqa2579
|
Please answer the given financial question based on the context.
Context: table of contents adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 28 , 2013 , september 29 , 2012 and september 24 , 2011 ( in millions ) : 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 anticipates the cash used for future dividends and the share repurchase program will come from its current domestic cash , cash generated from on-going u.s . operating activities and from borrowings . as of september 28 , 2013 and september 29 , 2012 , $ 111.3 billion and $ 82.6 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . during 2013 , cash generated from operating activities of $ 53.7 billion was a result of $ 37.0 billion of net income , non-cash adjustments to net income of $ 10.2 billion and an increase in net change in operating assets and liabilities of $ 6.5 billion . cash used in investing activities of $ 33.8 billion during 2013 consisted primarily of net purchases , sales and maturities of marketable securities of $ 24.0 billion and cash used to acquire property , plant and equipment of $ 8.2 billion . cash used in financing activities during 2013 consisted primarily of cash used to repurchase common stock of $ 22.9 billion and cash used to pay dividends and dividend equivalent rights of $ 10.6 billion , partially offset by net proceeds from the issuance of long-term debt of $ 16.9 billion . during 2012 , cash generated from operating activities of $ 50.9 billion was a result of $ 41.7 billion of net income and non-cash adjustments to net income of $ 9.4 billion , partially offset by a decrease in net operating assets and liabilities of $ 299 million . cash used in investing activities during 2012 of $ 48.2 billion consisted primarily of net purchases , sales and maturities of marketable securities of $ 38.4 billion and cash used to acquire property , plant and equipment of $ 8.3 billion . cash used in financing activities during 2012 of $ 1.7 billion consisted primarily of cash used to pay dividends and dividend equivalent rights of $ 2.5 billion . capital assets the company 2019s capital expenditures were $ 7.0 billion during 2013 , consisting of $ 499 million for retail store facilities and $ 6.5 billion for other capital expenditures , including product tooling and manufacturing process equipment , and other corporate facilities and infrastructure . the company 2019s actual cash payments for capital expenditures during 2013 were $ 8.2 billion. .
||2013|2012|2011|
|cash cash equivalents and marketable securities|$ 146761|$ 121251|$ 81570|
|property plant and equipment net|$ 16597|$ 15452|$ 7777|
|long-term debt|$ 16960|$ 0|$ 0|
|working capital|$ 29628|$ 19111|$ 17018|
|cash generated by operating activities|$ 53666|$ 50856|$ 37529|
|cash used in investing activities|$ -33774 ( 33774 )|$ -48227 ( 48227 )|$ -40419 ( 40419 )|
|cash generated/ ( used in ) by financing activities|$ -16379 ( 16379 )|$ -1698 ( 1698 )|$ 1444|
.
Question: what was the average amount in millions of long-term debt in the three year period?
Answer:
|
5653.33333
|
what was the average amount in millions of long-term debt in the three year period?
|
{
"options": {
"A": "81570",
"B": "16960",
"C": "0",
"D": "5653.33333"
},
"goldenKey": "D"
}
|
{
"A": "81570",
"B": "16960",
"C": "0",
"D": "5653.33333"
}
|
D
|
finqa2580
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) from december 1 through may 31 of each year . during the 2008 , 2007 and 2006 offering periods employees purchased 55764 , 48886 and 53210 shares , respectively , at weighted average prices per share of $ 30.08 , $ 33.93 and $ 24.98 , respectively . the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock . the weighted average fair value for the espp shares purchased during 2008 , 2007 and 2006 were $ 7.89 , $ 9.09 and $ 6.79 , respectively . at december 31 , 2008 , 8.8 million shares remain reserved for future issuance under the plan . key assumptions used to apply this pricing model for the years ended december 31 , are as follows: .
||2008|2007|2006|
|range of risk free interest rates|1.99% ( 1.99 % ) 20143.28% ( 20143.28 % )|4.98% ( 4.98 % ) 20145.05% ( 20145.05 % )|5.01% ( 5.01 % ) 20145.17% ( 20145.17 % )|
|weighted average risk-free interest rate|2.58% ( 2.58 % )|5.02% ( 5.02 % )|5.08% ( 5.08 % )|
|expected life of the shares|6 months|6 months|6 months|
|range of expected volatility of underlying stock price|27.85% ( 27.85 % ) 201428.51% ( 201428.51 % )|27.53% ( 27.53 % ) 201428.74% ( 201428.74 % )|29.60% ( 29.60 % )|
|weighted average expected volatility of underlying stock price|28.51% ( 28.51 % )|28.22% ( 28.22 % )|29.60% ( 29.60 % )|
|expected annual dividends|n/a|n/a|n/a|
13 . stockholders 2019 equity warrants 2014in january 2003 , the company issued warrants to purchase approximately 11.4 million shares of its common stock in connection with an offering of 808000 units , each consisting of $ 1000 principal amount at maturity of ati 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and a warrant to purchase 14.0953 shares of the company 2019s common stock . these warrants became exercisable on january 29 , 2006 at an exercise price of $ 0.01 per share . as these warrants expired on august 1 , 2008 , none were outstanding as of december 31 , in august 2005 , the company completed its merger with spectrasite , inc . and assumed outstanding warrants to purchase shares of spectrasite , inc . common stock . as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc . common stock at an exercise price of $ 32 per warrant . upon completion of the merger , each warrant to purchase shares of spectrasite , inc . common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc . common stock that would have been receivable under each assumed warrant prior to the merger . upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock . of these warrants , warrants to purchase approximately 1.8 million and 2.0 million shares of common stock remained outstanding as of december 31 , 2008 and 2007 , respectively . these warrants will expire on february 10 , 2010 . stock repurchase programs 2014during the year ended december 31 , 2008 , the company repurchased an aggregate of approximately 18.3 million shares of its common stock for an aggregate of $ 697.1 million , including commissions and fees , pursuant to its publicly announced stock repurchase programs , as described below. .
Question: what is the growth rate in the price of espp shares purchased from 2006 to 2007?
Answer:
|
0.33873
|
what is the growth rate in the price of espp shares purchased from 2006 to 2007?
|
{
"options": {
"A": "0.33873",
"B": "0.099",
"C": "0.109",
"D": "0.079"
},
"goldenKey": "A"
}
|
{
"A": "0.33873",
"B": "0.099",
"C": "0.109",
"D": "0.079"
}
|
A
|
finqa2582
|
Please answer the given financial question based on the context.
Context: estimates of synthetic crude oil reserves are prepared by glj petroleum consultants of calgary , canada , third-party consultants . their reports for all years are filed as exhibits to this annual report on form 10-k . the team lead responsible for the estimates of our osm reserves has 34 years of experience in petroleum engineering and has conducted surface mineable oil sands evaluations since 1986 . he is a member of spe , having served as regional director from 1998 through 2001 . the second team member has 13 years of experience in petroleum engineering and has conducted surface mineable oil sands evaluations since 2009 . both are registered practicing professional engineers in the province of alberta . audits of estimates third-party consultants are engaged to provide independent estimates for fields that comprise 80 percent of our total proved reserves over a rolling four-year period for the purpose of auditing the in-house reserve estimates . we met this goal for the four- year period ended december 31 , 2012 . we established a tolerance level of 10 percent such that initial estimates by the third-party consultants are accepted if they are within 10 percent of our internal estimates . should the third-party consultants 2019 initial analysis fail to reach our tolerance level , both our team and the consultants re-examine the information provided , request additional data and refine their analysis if appropriate . this resolution process is continued until both estimates are within 10 percent . in the very limited instances where differences outside the 10 percent tolerance cannot be resolved by year end , a plan to resolve the difference is developed and our senior management is informed . this process did not result in significant changes to our reserve estimates in 2012 or 2011 . there were no third-party audits performed in 2010 . during 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of december 31 , 2011 reserves for the alba field in e.g . the nsai summary report is filed as an exhibit to this annual report on form 10-k . members of the nsai team have many years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has a bachelor of science degree in geophysics and over 15 years of experience in the estimation of and evaluation of reserves . the second member has a bachelor of science degree in chemical engineering and master of business administration along with over 3 years of experience in estimation and evaluation of reserves . both are licensed in the state of texas . ryder scott company ( "ryder scott" ) performed audits of several of our fields in 2012 and 2011 . their summary reports on audits performed in 2012 and 2011 are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he has a bachelor of science degree in mechanical engineering , is a member of spe where he served on the oil and gas reserves committee and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2012 , 571 mmboe of proved undeveloped reserves were reported , an increase of 176 mmboe from december 31 , 2011 . the following table shows changes in total proved undeveloped reserves for 2012 : ( mmboe ) .
|beginning of year|395|
|revisions of previous estimates|-13 ( 13 )|
|improved recovery|2|
|purchases of reserves in place|56|
|extensions discoveries and other additions|201|
|transfer to proved developed|-70 ( 70 )|
|end of year|571|
significant additions to proved undeveloped reserves during 2012 include 56 mmboe due to acquisitions in the eagle ford shale . development drilling added 124 mmboe in the eagle ford , 35 mmboe in the bakken and 15 mmboe in the oklahoma resource basins shale play . a gas sharing agreement signed with the libyan government in 2012 added 19 mmboe . additionally , 30 mmboe were transferred from proved undeveloped to proved developed reserves in the eagle ford and 14 mmboe in the bakken shale plays due to producing wells . costs incurred in 2012 , 2011 and 2010 relating to the development of proved undeveloped reserves , were $ 1995 million $ 1107 million and $ 1463 million . a total of 27 mmboe was booked as a result of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking reserves. .
Question: what percentage of 2012 undeveloped reserves consisted of extensions discoveries and other additions?
Answer:
|
0.35201
|
what percentage of 2012 undeveloped reserves consisted of extensions discoveries and other additions?
|
{
"options": {
"A": "0.056",
"B": "0.124",
"C": "0.201",
"D": "0.352"
},
"goldenKey": "D"
}
|
{
"A": "0.056",
"B": "0.124",
"C": "0.201",
"D": "0.352"
}
|
D
|
finqa2583
|
Please answer the given financial question based on the context.
Context: the grand gulf recovery variance is primarily due to increased recovery of higher costs resulting from the grand gulf uprate . the volume/weather variance is primarily due to the effects of more favorable weather on residential sales and an increase in industrial sales primarily due to growth in the refining segment . the fuel recovery variance is primarily due to : 2022 the deferral of increased capacity costs that will be recovered through fuel adjustment clauses ; 2022 the expiration of the evangeline gas contract on january 1 , 2013 ; and 2022 an adjustment to deferred fuel costs recorded in the third quarter 2012 in accordance with a rate order from the puct issued in september 2012 . see note 2 to the financial statements for further discussion of this puct order issued in entergy texas's 2011 rate case . the miso deferral variance is primarily due to the deferral in april 2013 , as approved by the apsc , of costs incurred since march 2010 related to the transition and implementation of joining the miso rto . the decommissioning trusts variance is primarily due to lower regulatory credits resulting from higher realized income on decommissioning trust fund investments . there is no effect on net income as the credits are offset by interest and investment income . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2013 to 2012 . amount ( in millions ) .
||amount ( in millions )|
|2012 net revenue|$ 1854|
|mark-to-market|-58 ( 58 )|
|nuclear volume|-24 ( 24 )|
|nuclear fuel expenses|-20 ( 20 )|
|nuclear realized price changes|58|
|other|-8 ( 8 )|
|2013 net revenue|$ 1802|
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 52 million in 2013 primarily due to : 2022 the effect of rising forward power prices on electricity derivative instruments that are not designated as hedges , including additional financial power sales conducted in the fourth quarter 2013 to offset the planned exercise of in-the-money protective call options and to lock in margins . these additional sales did not qualify for hedge accounting treatment , and increases in forward prices after those sales were made accounted for the majority of the negative mark-to-market variance . it is expected that the underlying transactions will result in earnings in first quarter 2014 as these positions settle . see note 16 to the financial statements for discussion of derivative instruments ; 2022 the decrease in net revenue compared to prior year resulting from the exercise of resupply options provided for in purchase power agreements where entergy wholesale commodities may elect to supply power from another source when the plant is not running . amounts related to the exercise of resupply options are included in the gwh billed in the table below ; and entergy corporation and subsidiaries management's financial discussion and analysis .
Question: what is the net change in net revenue for entergy wholesale commodities during 2013?
Answer:
|
-52.0
|
what is the net change in net revenue for entergy wholesale commodities during 2013?
|
{
"options": {
"A": "-58.0",
"B": "-24.0",
"C": "-20.0",
"D": "-52.0"
},
"goldenKey": "D"
}
|
{
"A": "-58.0",
"B": "-24.0",
"C": "-20.0",
"D": "-52.0"
}
|
D
|
finqa2585
|
Please answer the given financial question based on the context.
Context: other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters . the loan has a seven year term and maturity date of december 2019 . the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty . the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above . the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property . as of december 31 , 2017 and 2016 , the outstanding balance on the loan was $ 40.0 million and $ 42.0 million , respectively . the weighted average interest rate on the loan was 2.5% ( 2.5 % ) and 2.0% ( 2.0 % ) for the years ended december 31 , 2017 and 2016 , respectively . the following are the scheduled maturities of long term debt as of december 31 , 2017 : ( in thousands ) .
|2018|$ 27000|
|2019|63000|
|2020|25000|
|2021|86250|
|2022|2014|
|2023 and thereafter|600000|
|total scheduled maturities of long term debt|$ 801250|
|current maturities of long term debt|$ 27000|
interest expense , net was $ 34.5 million , $ 26.4 million , and $ 14.6 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.3 million , $ 1.2 million , and $ 0.8 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 7 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2017 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2017 as well as .
Question: what was the percentage change in interest expense net from 2016 to 2017?
Answer:
|
0.30682
|
what was the percentage change in interest expense net from 2016 to 2017?
|
{
"options": {
"A": "0.30682",
"B": "0.24242",
"C": "0.39394",
"D": "0.18182"
},
"goldenKey": "A"
}
|
{
"A": "0.30682",
"B": "0.24242",
"C": "0.39394",
"D": "0.18182"
}
|
A
|
finqa2587
|
Please answer the given financial question based on the context.
Context: 6feb201418202649 performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 2018 2018s&p 500 index 2019 2019 ) , ( ii ) the standard & poor 2019s industrials index ( 2018 2018s&p industrials index 2019 2019 ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 2018 2018s&p consumer durables & apparel index 2019 2019 ) , from december 31 , 2008 through december 31 , 2013 , when the closing price of our common stock was $ 22.77 . the graph assumes investments of $ 100 on december 31 , 2008 in our common stock and in each of the three indices and the reinvestment of dividends . $ 350.00 $ 300.00 $ 250.00 $ 200.00 $ 150.00 $ 100.00 $ 50.00 performance graph .
||2009|2010|2011|2012|2013|
|masco|$ 128.21|$ 120.32|$ 102.45|$ 165.80|$ 229.59|
|s&p 500 index|$ 125.92|$ 144.58|$ 147.60|$ 171.04|$ 225.85|
|s&p industrials index|$ 120.19|$ 151.89|$ 150.97|$ 173.87|$ 243.73|
|s&p consumer durables & apparel index|$ 136.29|$ 177.91|$ 191.64|$ 232.84|$ 316.28|
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise . at december 31 , 2013 , we had remaining authorization to repurchase up to 22.6 million shares . during the first quarter of 2013 , we repurchased and retired 1.7 million shares of our common stock , for cash aggregating $ 35 million to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards . we have not purchased any shares since march 2013. .
Question: what was the percent of the remaining authorization to repurchase of the 2007 authorized the purchase at december 2013
Answer:
|
0.452
|
what was the percent of the remaining authorization to repurchase of the 2007 authorized the purchase at december 2013
|
{
"options": {
"A": "0.452",
"B": "0.548",
"C": "0.678",
"D": "0.732"
},
"goldenKey": "A"
}
|
{
"A": "0.452",
"B": "0.548",
"C": "0.678",
"D": "0.732"
}
|
A
|
finqa2588
|
Please answer the given financial question based on the context.
Context: borrowings reflect net proceeds received from the issuance of senior notes in june 2015 . see liquidity and capital resources below for additional information . in november 2015 , we repaid our $ 1 billion 0.90% ( 0.90 % ) senior notes upon maturity . in october 2015 , we announced an adjustment to our quarterly dividend . see capital requirements below for additional information . additions to property , plant and equipment are our most significant use of cash and cash equivalents . the following table shows capital expenditures related to continuing operations by segment and reconciles to additions to property , plant and equipment as presented in the consolidated statements of cash flows for 2015 , 2014 and 2013: .
|( in millions )|year ended december 31 , 2015|year ended december 31 , 2014|year ended december 31 , 2013|
|north america e&p|$ 2553|$ 4698|$ 3649|
|international e&p|368|534|456|
|oil sands mining ( a )|-10 ( 10 )|212|286|
|corporate|25|51|58|
|total capital expenditures|2936|5495|4449|
|change in capital expenditure accrual|540|-335 ( 335 )|-6 ( 6 )|
|additions to property plant and equipment|$ 3476|$ 5160|$ 4443|
( a ) reflects reimbursements earned from the governments of canada and alberta related to funds previously expended for quest ccs capital equipment . quest ccs was successfully completed and commissioned in the fourth quarter of 2015 . during 2014 , we acquired 29 million shares at a cost of $ 1 billion and in 2013 acquired 14 million shares at a cost of $ 500 million . there were no share repurchases in 2015 . see item 8 . financial statements and supplementary data 2013 note 23 to the consolidated financial statements for discussion of purchases of common stock . liquidity and capital resources on june 10 , 2015 , we issued $ 2 billion aggregate principal amount of unsecured senior notes which consist of the following series : 2022 $ 600 million of 2.70% ( 2.70 % ) senior notes due june 1 , 2020 2022 $ 900 million of 3.85% ( 3.85 % ) senior notes due june 1 , 2025 2022 $ 500 million of 5.20% ( 5.20 % ) senior notes due june 1 , 2045 interest on each series of senior notes is payable semi-annually beginning december 1 , 2015 . we used the aggregate net proceeds to repay our $ 1 billion 0.90% ( 0.90 % ) senior notes on november 2 , 2015 , and the remainder for general corporate purposes . in may 2015 , we amended our $ 2.5 billion credit facility to increase the facility size by $ 500 million to a total of $ 3.0 billion and extend the maturity date by an additional year such that the credit facility now matures in may 2020 . the amendment additionally provides us the ability to request two one-year extensions to the maturity date and an option to increase the commitment amount by up to an additional $ 500 million , subject to the consent of any increasing lenders . the sub-facilities for swing-line loans and letters of credit remain unchanged allowing up to an aggregate amount of $ 100 million and $ 500 million , respectively . fees on the unused commitment of each lender , as well as the borrowing options under the credit facility , remain unchanged . our main sources of liquidity are cash and cash equivalents , internally generated cash flow from operations , capital market transactions , our committed revolving credit facility and sales of non-core assets . our working capital requirements are supported by these sources and we may issue either commercial paper backed by our $ 3.0 billion revolving credit facility or draw on our $ 3.0 billion revolving credit facility to meet short-term cash requirements or issue debt or equity securities through the shelf registration statement discussed below as part of our longer-term liquidity and capital management . because of the alternatives available to us as discussed above , we believe that our short-term and long-term liquidity is adequate to fund not only our current operations , but also our near-term and long-term funding requirements including our capital spending programs , dividend payments , defined benefit plan contributions , repayment of debt maturities and other amounts that may ultimately be paid in connection with contingencies . general economic conditions , commodity prices , and financial , business and other factors could affect our operations and our ability to access the capital markets . a downgrade in our credit ratings could negatively impact our cost of capital and our ability to access the capital markets , increase the interest rate and fees we pay on our unsecured revolving credit facility , restrict our access to the commercial paper market , or require us to post letters of credit or other forms of collateral for certain .
Question: by how much did additions to property plant and equipment decrease from 2013 to 2015?
Answer:
|
-0.21765
|
by how much did additions to property plant and equipment decrease from 2013 to 2015?
|
{
"options": {
"A": "-0.21765",
"B": "540",
"C": "2936",
"D": "4443"
},
"goldenKey": "A"
}
|
{
"A": "-0.21765",
"B": "540",
"C": "2936",
"D": "4443"
}
|
A
|
finqa2590
|
Please answer the given financial question based on the context.
Context: ) increased net cash flows from receivables from improved days sales outstanding offsetting increased sales levels ; partially offset by reduced cash flows from increases in inventories to build new product lines and support increased sales levels . cash provided by operating activities in 2003 decreased $ 8.4 million from 2002 due primarily to : ) reduced cash inflows from accounts receivable securitization ; and ) reduced cash inflows from increases in inventories partially offset by : ) higher earnings in 2003 before non-cash charges and credits ; ) decreased net cash outflows from accounts and other receivables ; and ) decreased net cash outflows from accounts payable and accrued expenses . net cash used in investing activities in 2004 consisted primarily of the acquisition of pvt and the purchase of ev3 2019s technology of $ 137.7 million , and capital expenditures of $ 42.5 million . net cash used in investing activities in 2003 consisted primarily of the acquisition of jomed , whitland and embol-x , inc . of $ 33.2 million , and capital expenditures of $ 37.9 million . net cash used in financing activities in 2004 consisted primarily of purchases of treasury stock of $ 59.1 million , partially offset by proceeds from stock plans of $ 30.5 million and net proceeds from issuance of long-term debt of $ 7.1 million . cash used in financing activities in 2003 consisted primarily of purchases of treasury stock of $ 49.4 million and net payments on debt of $ 4.0 million , partially offset by proceeds from stock plans of $ 36.6 million . a summary of all of the company 2019s contractual obligations and commercial commitments as of december 31 , 2004 were as follows ( in millions ) : .
|contractual obligations|payments due by period total|payments due by period less than 1 year|payments due by period 1-3 years|payments due by period 4-5 years|payments due by period after 5 years|
|long-term debt|$ 267.1|$ 2014|$ 2014|$ 2014|$ 267.1|
|interest on long-term debt|30.9|11.2|15.4|4.3|2014|
|operating leases|49.8|13.1|20.4|15.2|1.1|
|unconditional purchase obligations ( a )|15.1|7.5|7.6|2014|2014|
|contractual development obligations ( b )|31.9|4.3|3.6|4.0|20.0|
|total contractual cash obligations|$ 394.8|$ 36.1|$ 47.0|$ 23.5|$ 288.2|
less than after contractual obligations total 1 year 1-3 years 4-5 years 5 years long-term debt *************************** $ 267.1 $ 2014 $ 2014 $ 2014 $ 267.1 interest on long-term debt ****************** 30.9 11.2 15.4 4.3 2014 operating leases*************************** 49.8 13.1 20.4 15.2 1.1 unconditional purchase obligations ( a ) ********* 15.1 7.5 7.6 2014 2014 contractual development obligations ( b ) ******** 31.9 4.3 3.6 4.0 20.0 total contractual cash obligations************* $ 394.8 $ 36.1 $ 47.0 $ 23.5 $ 288.2 ( a ) unconditional purchase obligations consist primarily of minimum purchase commitments of inventory . ( b ) contractual development obligations consist primarily of cash that edwards lifesciences is obligated to pay to unconsolidated affiliates upon their achievement of product development milestones . critical accounting policies and estimates the company 2019s results of operations and financial position are determined based upon the application of the company 2019s accounting policies , as discussed in the notes to the consolidated financial statements . certain of the company 2019s accounting policies represent a selection among acceptable alternatives under generally accepted .
Question: what percent of total contractual cash obligations is due to operating leases?
Answer:
|
0.12614
|
what percent of total contractual cash obligations is due to operating leases?
|
{
"options": {
"A": "0.0315",
"B": "0.12614",
"C": "0.126",
"D": "0.315"
},
"goldenKey": "B"
}
|
{
"A": "0.0315",
"B": "0.12614",
"C": "0.126",
"D": "0.315"
}
|
B
|
finqa2592
|
Please answer the given financial question based on the context.
Context: synopsys , inc . notes to consolidated financial statements 2014 ( continued ) and other electronic applications markets . the company believes the acquisition will expand its technology portfolio , channel reach and total addressable market by adding complementary products and expertise for fpga solutions and rapid asic prototyping . purchase price . synopsys paid $ 8.00 per share for all outstanding shares including certain vested options of synplicity for an aggregate cash payment of $ 223.3 million . additionally , synopsys assumed certain employee stock options and restricted stock units , collectively called 201cstock awards . 201d the total purchase consideration consisted of: .
||( in thousands )|
|cash paid net of cash acquired|$ 180618|
|fair value of assumed vested or earned stock awards|4169|
|acquisition related costs|8016|
|total purchase price consideration|$ 192803|
acquisition related costs consist primarily of professional services , severance and employee related costs and facilities closure costs of which $ 6.8 million have been paid as of october 31 , 2009 . fair value of stock awards assumed . an aggregate of 4.7 million shares of synplicity stock options and restricted stock units were exchanged for synopsys stock options and restricted stock units at an exchange ratio of 0.3392 per share . the fair value of stock options assumed was determined using a black-scholes valuation model . the fair value of stock awards vested or earned of $ 4.2 million was included as part of the purchase price . the fair value of unvested awards of $ 5.0 million will be recorded as operating expense over the remaining service periods on a straight-line basis . purchase price allocation . the company allocated $ 80.0 million of the purchase price to identifiable intangible assets to be amortized over two to seven years . in-process research and development expense related to these acquisitions was $ 4.8 million . goodwill , representing the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired , was $ 120.3 million and will not be amortized . goodwill primarily resulted from the company 2019s expectation of cost synergies and sales growth from the integration of synplicity 2019s technology with the company 2019s technology and operations to provide an expansion of products and market reach . fiscal 2007 acquisitions during fiscal year 2007 , the company completed certain purchase acquisitions for cash . the company allocated the total purchase considerations of $ 54.8 million ( which included acquisition related costs of $ 1.4 million ) to the assets and liabilities acquired , including identifiable intangible assets , based on their respective fair values at the acquisition dates , resulting in aggregate goodwill of $ 36.6 million . acquired identifiable intangible assets of $ 14.3 million are being amortized over two to nine years . in-process research and development expense related to these acquisitions was $ 3.2 million. .
Question: what percentage of the total purchase price consideration is represented by goodwill?
Answer:
|
0.62395
|
what percentage of the total purchase price consideration is represented by goodwill?
|
{
"options": {
"A": "0.033",
"B": "0.041",
"C": "0.62395",
"D": "0.080"
},
"goldenKey": "C"
}
|
{
"A": "0.033",
"B": "0.041",
"C": "0.62395",
"D": "0.080"
}
|
C
|
finqa2593
|
Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements sale and leaseback transactions waterford 3 lease obligations in 1989 , in three separate but substantially identical transactions , entergy louisiana sold and leased back undivided interests in waterford 3 for the aggregate sum of $ 353.6 million . the interests represent approximately 9.3% ( 9.3 % ) of waterford 3 . the leases expire in 2017 . under certain circumstances , entergy louisiana may repurchase the leased interests prior to the end of the term of the leases . at the end of the lease terms , entergy louisiana has the option to repurchase the leased interests in waterford 3 at fair market value or to renew the leases for either fair market value or , under certain conditions , a fixed rate . entergy louisiana issued $ 208.2 million of non-interest bearing first mortgage bonds as collateral for the equity portion of certain amounts payable under the leases . upon the occurrence of certain events , entergy louisiana may be obligated to assume the outstanding bonds used to finance the purchase of the interests in the unit and to pay an amount sufficient to withdraw from the lease transaction . such events include lease events of default , events of loss , deemed loss events , or certain adverse 201cfinancial events . 201d 201cfinancial events 201d include , among other things , failure by entergy louisiana , following the expiration of any applicable grace or cure period , to maintain ( i ) total equity capital ( including preferred membership interests ) at least equal to 30% ( 30 % ) of adjusted capitalization , or ( ii ) a fixed charge coverage ratio of at least 1.50 computed on a rolling 12 month basis . as of december 31 , 2011 , entergy louisiana was in compliance with these provisions . as of december 31 , 2011 , entergy louisiana had future minimum lease payments ( reflecting an overall implicit rate of 7.45% ( 7.45 % ) ) in connection with the waterford 3 sale and leaseback transactions , which are recorded as long-term debt , as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2012|$ 39067|
|2013|26301|
|2014|31036|
|2015|28827|
|2016|16938|
|years thereafter|106335|
|total|248504|
|less : amount representing interest|60249|
|present value of net minimum lease payments|$ 188255|
grand gulf lease obligations in 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million . the interests represent approximately 11.5% ( 11.5 % ) of grand gulf . the leases expire in 2015 . under certain circumstances , system entergy may repurchase the leased interests prior to the end of the term of the leases . at the end of the lease terms , system energy has the option to repurchase the leased interests in grand gulf at fair market value or to renew the leases for either fair market value or , under certain conditions , a fixed rate . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation . however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes . consistent with a recommendation contained in a .
Question: what portion of the total future minimum lease payments is expected to go for interest?
Answer:
|
0.24245
|
what portion of the total future minimum lease payments is expected to go for interest?
|
{
"options": {
"A": "0.39067",
"B": "0.26301",
"C": "0.31036",
"D": "0.24245"
},
"goldenKey": "D"
}
|
{
"A": "0.39067",
"B": "0.26301",
"C": "0.31036",
"D": "0.24245"
}
|
D
|
finqa2594
|
Please answer the given financial question based on the context.
Context: anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices . a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s . treasury securities or u.s . government agency securities . our exposure to risk is minimal given the nature of the investments . our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction . based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal . however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate . net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively . total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses . net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively . net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings . we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability . this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss . as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods . we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future . valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments . net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream . our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future . as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved . each clearing firm is required to deposit and maintain specified performance bond collateral . performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time . we accept a variety of collateral to satisfy performance bond requirements . cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets . clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets . the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time . cash performance bonds and guaranty fund contributions consisted of the following at december 31: .
|( in millions )|2010|2009|
|cash performance bonds|$ 3717.0|$ 5834.6|
|cash guaranty fund contributions|231.8|102.6|
|cross-margin arrangements|79.7|10.6|
|performance collateral for delivery|10.0|34.1|
|total|$ 4038.5|$ 5981.9|
.
Question: for 2010 , what was the net deferred tax liability?
Answer:
|
7781700000.0
|
for 2010 , what was the net deferred tax liability?
|
{
"options": {
"A": "7781700000.0",
"B": "7600000000.0",
"C": "145700000.0",
"D": "125300000.0"
},
"goldenKey": "A"
}
|
{
"A": "7781700000.0",
"B": "7600000000.0",
"C": "145700000.0",
"D": "125300000.0"
}
|
A
|
finqa2595
|
Please answer the given financial question based on the context.
Context: edwards lifesciences corporation notes to consolidated financial statements ( continued ) 2 . summary of significant accounting policies ( continued ) interim periods therein . the new guidance can be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of the change recognized at the date of the initial application . the company is currently assessing the impact this guidance will have on its consolidated financial statements , and has not yet selected a transition method . 3 . change in accounting principle effective january 1 , 2014 , the company changed its method of accounting for certain intellectual property litigation expenses related to the defense and enforcement of its issued patents . previously , the company capitalized these legal costs if a favorable outcome in the patent defense was determined to be probable , and amortized the capitalized legal costs over the life of the related patent . as of december 31 , 2013 , the company had remaining unamortized capitalized legal costs of $ 23.7 million , which , under the previous accounting method , would have been amortized through 2021 . under the new method of accounting , these legal costs are expensed in the period they are incurred . the company has retrospectively adjusted the comparative financial statements of prior periods to apply this new method of accounting . the company believes this change in accounting principle is preferable because ( 1 ) as more competitors enter the company 2019s key product markets and the threat of complex intellectual property litigation across multiple jurisdictions increases , it will become more difficult for the company to accurately assess the probability of a favorable outcome in such litigation , and ( 2 ) it will enhance the comparability of the company 2019s financial results with those of its peer group because it is the predominant accounting practice in the company 2019s industry . the accompanying consolidated financial statements and related notes have been adjusted to reflect the impact of this change retrospectively to all prior periods presented . the cumulative effect of the change in accounting principle was a decrease in retained earnings of $ 10.5 million as of january 1 , 2012 . the following tables present the effects of the retrospective application of the change in accounting principle ( in millions ) : .
|consolidated balance sheet|as of december 31 2013 as reported|as of december 31 2013 as adjusted|
|other intangible assets net|$ 57.2|$ 33.5|
|deferred income taxes|70.1|79.0|
|total assets|2724.7|2709.9|
|retained earnings|2045.6|2030.8|
|total stockholders' equity|1559.2|1544.4|
|total liabilities and stockholders' equity|2724.7|2709.9|
.
Question: what was the affect of the change in accounting principles on other intangible assets net in millions?
Answer:
|
-23.7
|
what was the affect of the change in accounting principles on other intangible assets net in millions?
|
{
"options": {
"A": "-23.7",
"B": "33.5",
"C": "57.2",
"D": "70.1"
},
"goldenKey": "A"
}
|
{
"A": "-23.7",
"B": "33.5",
"C": "57.2",
"D": "70.1"
}
|
A
|
finqa2596
|
Please answer the given financial question based on the context.
Context: 32| | duke realty corporation annual report 2012 2022 in 2010 , we sold approximately 60 acres of land , in two separate transactions , which resulted in impairment charges of $ 9.8 million . these sales were opportunistic in nature and we had not identified or actively marketed this land for disposition , as it was previously intended to be held for development . general and administrative expenses general and administrative expenses increased from $ 41.3 million in 2010 to $ 43.1 million in 2011 . the following table sets forth the factors that led to the increase in general and administrative expenses from 2010 to 2011 ( in millions ) : .
|general and administrative expenses - 2010|$ 41.3|
|increase to overall pool of overhead costs ( 1 )|5.7|
|increased absorption of costs by wholly-owned development and leasing activities ( 2 )|-3.7 ( 3.7 )|
|increased allocation of costs to service operations and rental operations|-0.2 ( 0.2 )|
|general and administrative expenses - 2011|$ 43.1|
interest expense interest expense from continuing operations increased from $ 186.4 million in 2010 to $ 220.5 million in 2011 . the increase was primarily a result of increased average outstanding debt during 2011 compared to 2010 , which was driven by our acquisition activities as well as other uses of capital . a $ 7.2 million decrease in the capitalization of interest costs , the result of developed properties no longer meeting the criteria for interest capitalization , also contributed to the increase in interest expense . gain ( loss ) on debt transactions there were no gains or losses on debt transactions during 2011 . during 2010 , through a cash tender offer and open market transactions , we repurchased certain of our outstanding series of unsecured notes scheduled to mature in 2011 and 2013 . in total , we paid $ 292.2 million for unsecured notes that had a face value of $ 279.9 million . we recognized a net loss on extinguishment of $ 16.3 million after considering the write-off of unamortized deferred financing costs , discounts and other accounting adjustments . acquisition-related activity during 2011 , we recognized approximately $ 2.3 million in acquisition costs , compared to $ 1.9 million of such costs in 2010 . during 2011 , we also recognized a $ 1.1 million gain related to the acquisition of a building from one of our 50%-owned unconsolidated joint ventures , compared to a $ 57.7 million gain in 2010 on the acquisition of our joint venture partner 2019s 50% ( 50 % ) interest in dugan . critical accounting policies the preparation of our consolidated financial statements in conformity with gaap requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period . our estimates , judgments and assumptions are inherently subjective and based on the existing business and market conditions , and are therefore continually evaluated based upon available information and experience . note 2 to the consolidated financial statements includes further discussion of our significant accounting policies . our management has assessed the accounting policies used in the preparation of our financial statements and discussed them with our audit committee and independent auditors . the following accounting policies are considered critical based upon materiality to the financial statements , degree of judgment involved in estimating reported amounts and sensitivity to changes in industry and economic conditions : ( 1 ) the increase to our overall pool of overhead costs from 2010 is largely due to increased severance pay related to overhead reductions that took place near the end of 2011 . ( 2 ) our total leasing activity increased and we also increased wholly owned development activities from 2010 . we capitalized $ 25.3 million and $ 10.4 million of our total overhead costs to leasing and development , respectively , for consolidated properties during 2011 , compared to capitalizing $ 23.5 million and $ 8.5 million of such costs , respectively , for 2010 . combined overhead costs capitalized to leasing and development totaled 20.6% ( 20.6 % ) and 19.1% ( 19.1 % ) of our overall pool of overhead costs for 2011 and 2010 , respectively. .
Question: what was the percent of the growth of the interest expense interest expense from continuing operations increased from 2010 to 2011
Answer:
|
0.18294
|
what was the percent of the growth of the interest expense interest expense from continuing operations increased from 2010 to 2011
|
{
"options": {
"A": "18.294%",
"B": "1.8294%",
"C": "0.18294%",
"D": "0.018294%"
},
"goldenKey": "C"
}
|
{
"A": "18.294%",
"B": "1.8294%",
"C": "0.18294%",
"D": "0.018294%"
}
|
C
|
finqa2597
|
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 as of december 31 , 2017 , we had $ 4.069 billion in cash , cash equivalents and marketable securities . we believe that our current cash position , access to the long-term debt capital markets and cash flow generated from operations should be adequate not only for operating requirements but also to enable us to complete our capital expenditure programs and to fund dividend payments , share repurchases and long-term debt payments through the next several years . in addition , we have funds available from our commercial paper program and the ability to obtain alternative sources of financing . we regularly evaluate opportunities to optimize our capital structure , including through issuances of debt to refinance existing debt and to fund ongoing cash needs . cash flows from operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : .
||2017|2016|2015|
|net income|$ 4910|$ 3431|$ 4844|
|non-cash operating activities ( 1 )|5776|6444|4122|
|pension and postretirement plan contributions ( ups-sponsored plans )|-7794 ( 7794 )|-2668 ( 2668 )|-1229 ( 1229 )|
|hedge margin receivables and payables|-732 ( 732 )|-142 ( 142 )|170|
|income tax receivables and payables|-550 ( 550 )|-505 ( 505 )|-6 ( 6 )|
|changes in working capital and other non-current assets and liabilities|-178 ( 178 )|-62 ( 62 )|-418 ( 418 )|
|other operating activities|47|-25 ( 25 )|-53 ( 53 )|
|net cash from operating activities|$ 1479|$ 6473|$ 7430|
( 1 ) represents depreciation and amortization , gains and losses on derivative transactions and foreign exchange , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense and other non-cash items . cash from operating activities remained strong throughout 2015 to 2017 . most of the variability in operating cash flows during the 2015 to 2017 time period relates to the funding of our company-sponsored pension and postretirement benefit plans ( and related cash 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 we made discretionary contributions to our three primary company-sponsored u.s . pension plans totaling $ 7.291 , $ 2.461 and $ 1.030 billion in 2017 , 2016 and 2015 , respectively . 2022 the remaining contributions from 2015 to 2017 were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . apart from the transactions described above , operating cash flow was impacted by changes in our working capital position , payments for income taxes and changes in hedge margin payables and receivables . cash payments for income taxes were $ 1.559 , $ 2.064 and $ 1.913 billion for 2017 , 2016 and 2015 , respectively , and were primarily impacted by the timing of current tax deductions . the net hedge margin collateral ( paid ) /received from derivative counterparties was $ ( 732 ) , $ ( 142 ) and $ 170 million during 2017 , 2016 and 2015 , respectively , due to settlements and changes in the fair value of the derivative contracts used in our currency and interest rate hedging programs . as of december 31 , 2017 , the total of our worldwide holdings of cash , cash equivalents and marketable securities were $ 4.069 billion , of which approximately $ 1.800 billion was held by foreign subsidiaries . the amount of cash , cash equivalents and marketable securities 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 u.s . continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . as a result of the tax act , all cash , cash equivalents and marketable securities held by foreign subsidiaries are generally available for distribution to the u.s . without any u.s . federal income taxes . any such distributions may be subject to foreign withholding and u.s . state taxes . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what was the difference in millions of pension and postretirement plan contributions ( ups-sponsored plans ) from 2015 to 2016?
Answer:
|
1439.0
|
what was the difference in millions of pension and postretirement plan contributions ( ups-sponsored plans ) from 2015 to 2016?
|
{
"options": {
"A": "1439.0",
"B": "5126.0",
"C": "-5126.0",
"D": "-1439.0"
},
"goldenKey": "A"
}
|
{
"A": "1439.0",
"B": "5126.0",
"C": "-5126.0",
"D": "-1439.0"
}
|
A
|
finqa2598
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements under the regulatory framework for prompt corrective action applicable to gs bank usa , in order to meet the quantitative requirements for being a 201cwell-capitalized 201d depository institution , gs bank usa is required to maintain a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) and a tier 1 leverage ratio of at least 5% ( 5 % ) . gs bank usa agreed with the federal reserve board to maintain minimum capital ratios in excess of these 201cwell- capitalized 201d levels . accordingly , for a period of time , gs bank usa is expected to maintain a tier 1 capital ratio of at least 8% ( 8 % ) , a total capital ratio of at least 11% ( 11 % ) and a tier 1 leverage ratio of at least 6% ( 6 % ) . as noted in the table below , gs bank usa was in compliance with these minimum capital requirements as of december 2013 and december 2012 . the table below presents information regarding gs bank usa 2019s regulatory capital ratios under basel i , as implemented by the federal reserve board . the information as of december 2013 reflects the revised market risk regulatory capital requirements , which became effective on january 1 , 2013 . these changes resulted in increased regulatory capital requirements for market risk . the information as of december 2012 is prior to the implementation of these revised market risk regulatory capital requirements. .
|$ in millions|as of december 2013|as of december 2012|
|tier 1 capital|$ 20086|$ 20704|
|tier 2 capital|$ 116|$ 39|
|total capital|$ 20202|$ 20743|
|risk-weighted assets|$ 134935|$ 109669|
|tier 1 capital ratio|14.9% ( 14.9 % )|18.9% ( 18.9 % )|
|total capital ratio|15.0% ( 15.0 % )|18.9% ( 18.9 % )|
|tier 1 leverage ratio|16.9% ( 16.9 % )|17.6% ( 17.6 % )|
the revised capital framework described above is also applicable to gs bank usa , which is an advanced approach banking organization under this framework . gs bank usa has also been informed by the federal reserve board that it has completed a satisfactory parallel run , as required of advanced approach banking organizations under the revised capital framework , and therefore changes to its calculations of rwas will take effect beginning with the second quarter of 2014 . under the revised capital framework , as of january 1 , 2014 , gs bank usa became subject to a new minimum cet1 ratio requirement of 4% ( 4 % ) , increasing to 4.5% ( 4.5 % ) in 2015 . in addition , the revised capital framework changes the standards for 201cwell-capitalized 201d status under prompt corrective action regulations beginning january 1 , 2015 by , among other things , introducing a cet1 ratio requirement of 6.5% ( 6.5 % ) and increasing the tier 1 capital ratio requirement from 6% ( 6 % ) to 8% ( 8 % ) . in addition , commencing january 1 , 2018 , advanced approach banking organizations must have a supplementary leverage ratio of 3% ( 3 % ) or greater . the basel committee published its final guidelines for calculating incremental capital requirements for domestic systemically important banking institutions ( d-sibs ) . these guidelines are complementary to the framework outlined above for g-sibs . the impact of these guidelines on the regulatory capital requirements of gs bank usa will depend on how they are implemented by the banking regulators in the united states . the deposits of gs bank usa are insured by the fdic to the extent provided by law . the federal reserve board requires depository institutions to maintain cash reserves with a federal reserve bank . the amount deposited by the firm 2019s depository institution held at the federal reserve bank was approximately $ 50.39 billion and $ 58.67 billion as of december 2013 and december 2012 , respectively , which exceeded required reserve amounts by $ 50.29 billion and $ 58.59 billion as of december 2013 and december 2012 , respectively . transactions between gs bank usa and its subsidiaries and group inc . and its subsidiaries and affiliates ( other than , generally , subsidiaries of gs bank usa ) are regulated by the federal reserve board . these regulations generally limit the types and amounts of transactions ( including credit extensions from gs bank usa ) that may take place and generally require those transactions to be on market terms or better to gs bank usa . the firm 2019s principal non-u.s . bank subsidiary , gsib , is a wholly-owned credit institution , regulated by the prudential regulation authority ( pra ) and the financial conduct authority ( fca ) and is subject to minimum capital requirements . as of december 2013 and december 2012 , gsib was in compliance with all regulatory capital requirements . goldman sachs 2013 annual report 193 .
Question: under the revised capital framework what was the change in percentage points to the new minimum cet1 ratio requirement in 2015?
Answer:
|
0.005
|
under the revised capital framework what was the change in percentage points to the new minimum cet1 ratio requirement in 2015?
|
{
"options": {
"A": "0.005",
"B": "0.004",
"C": "0.006",
"D": "0.003"
},
"goldenKey": "A"
}
|
{
"A": "0.005",
"B": "0.004",
"C": "0.006",
"D": "0.003"
}
|
A
|
finqa2599
|
Please answer the given financial question based on the context.
Context: the increase in property operating expenses from our large market same store group is primarily the result of increases in real estate taxes of $ 3.2 million , personnel expenses of $ 1.9 million , water expenses of approximately $ 1.0 million , cable expenses of $ 0.5 million , and waste removal expenses of $ 0.2 million . the increase in property operating expenses from our secondary market same store group is primarily a result of increases in other operating expenses of $ 1.5 million , real estate taxes of $ 1.1 million , and personnel expenses of $ 1.2 million . the decrease in property operating expenses from our non-same store and other group is primarily the result of decreases in personnel expenses of $ 2.4 million and utility expenses of $ 1.7 million . depreciation and amortization the following table shows our depreciation and amortization expense by segment for the years ended december 31 , 2015 and december 31 , 2014 ( dollars in thousands ) : year ended december 31 , 2015 year ended december 31 , 2014 increase percentage increase .
||year ended december 31 2015|year ended december 31 2014|increase|percentage increase|
|large market same store|$ 168872|$ 174957|$ -6085 ( 6085 )|( 3.5 ) % ( % )|
|secondary market same store|85008|86058|-1050 ( 1050 )|( 1.2 ) % ( % )|
|same store portfolio|253880|261015|-7135 ( 7135 )|( 2.7 ) % ( % )|
|non-same store and other|40640|40797|-157 ( 157 )|( 0.4 ) % ( % )|
|total|$ 294520|$ 301812|$ -7292 ( 7292 )|( 2.4 ) % ( % )|
the decrease in depreciation and amortization expense is primarily due to a decrease of $ 19.4 million related to the amortization of the fair value of in-place leases and resident relationships acquired as a result of the merger from the year ended december 31 , 2014 to the year ended december 31 , 2015 . this decrease was partially offset by an increase in depreciation expense of $ 11.7 million driven by an increase in gross real estate assets from the year ended december 31 , 2014 to the year ended december 31 , 2015 . property management expenses property management expenses for the year ended december 31 , 2015 were approximately $ 31.0 million , a decrease of $ 1.1 million from the year ended december 31 , 2014 . the majority of the decrease was related to a decrease in state franchise taxes of $ 2.1 million , partially offset by an increase in insurance expense of $ 0.6 million , an increase in payroll expense of $ 0.3 million , and an increase in incentive expense $ 0.3 million . general and administrative expenses general and administrative expenses for the year ended december 31 , 2015 were approximately $ 25.7 million , an increase of $ 4.8 million from the year ended december 31 , 2014 . the majority of the increase was related to increases in legal fees of $ 2.7 million and stock option expenses of $ 1.6 million . merger and integration related expenses there were no merger or integration related expenses for the year ended december 31 , 2015 , as these expenses related primarily to severance , legal , professional , temporary systems , staffing , and facilities costs incurred for the acquisition and integration of colonial . for the year ended december 31 , 2014 , merger and integration related expenses were approximately $ 3.2 million and $ 8.4 million , respectively . interest expense interest expense for the year ended december 31 , 2015 was approximately $ 122.3 million , a decrease of $ 1.6 million from the year ended december 31 , 2014 . the decrease was primarily the result of a decrease in amortization of deferred financing cost from the year ended december 31 , 2014 to the year ended december 31 , 2015 of approximately $ 0.9 million . also , the overall debt balance decreased from $ 3.5 billion to $ 3.4 billion , a decrease of $ 85.1 million . the average effective interest rate remained at 3.7% ( 3.7 % ) and the average years to rate maturity increased from 4.4 years to 4.8 years . job title mid-america apartment 10-k revision 1 serial <12345678> date sunday , march 20 , 2016 job number 304352-1 type page no . 50 operator abigaels .
Question: for the year ended december 31 2015 what was the ratio of the depreciation and amortization in the large market same store to the secondary market same store
Answer:
|
1.98654
|
for the year ended december 31 2015 what was the ratio of the depreciation and amortization in the large market same store to the secondary market same store
|
{
"options": {
"A": "1.2",
"B": "1.98654",
"C": "2.7",
"D": "3.5"
},
"goldenKey": "B"
}
|
{
"A": "1.2",
"B": "1.98654",
"C": "2.7",
"D": "3.5"
}
|
B
|
finqa2600
|
Please answer the given financial question based on the context.
Context: the descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the net asset value ( nav ) of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2018 were $ 68.3 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 45 to $ 65 to the defined benefit pension plans in fiscal year 2019 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: .
||u.s .|international|
|2019|$ 165.5|$ 52.8|
|2020|152.4|53.9|
|2021|157.0|55.6|
|2022|163.7|56.0|
|2023|167.9|60.6|
|2024-2028|900.2|336.8|
these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: considering the years 2020-2021 , what is the difference between the growth of the projected benefit payments in the u.s . and international?
Answer:
|
0.00136
|
considering the years 2020-2021 , what is the difference between the growth of the projected benefit payments in the u.s . and international?
|
{
"options": {
"A": "0.00136",
"B": "0.00137",
"C": "0.00138",
"D": "0.00139"
},
"goldenKey": "A"
}
|
{
"A": "0.00136",
"B": "0.00137",
"C": "0.00138",
"D": "0.00139"
}
|
A
|
finqa2601
|
Please answer the given financial question based on the context.
Context: item 2 : properties information concerning applied 2019s properties at october 30 , 2016 is set forth below: .
|( square feet in thousands )|united states|other countries|total|
|owned|3745|1629|5374|
|leased|564|1103|1667|
|total|4309|2732|7041|
because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country . the company 2019s headquarters offices are in santa clara , california . products in semiconductor systems are manufactured in austin , texas ; gloucester , massachusetts ; kalispell , montana ; rehovot , israel ; and singapore . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display and adjacent markets segment are manufactured in alzenau , germany ; tainan , taiwan ; and santa clara , california . other products are manufactured in treviso , italy . applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support . applied also owns a total of approximately 280 acres of buildable land in montana , texas , california , massachusetts , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
Question: what percentage of company's properties are leased?
Answer:
|
0.23676
|
what percentage of company's properties are leased?
|
{
"options": {
"A": "0.23676%",
"B": "2.3676%",
"C": "23.676%",
"D": "236.76%"
},
"goldenKey": "A"
}
|
{
"A": "0.23676%",
"B": "2.3676%",
"C": "23.676%",
"D": "236.76%"
}
|
A
|
finqa2603
|
Please answer the given financial question based on the context.
Context: edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded . the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value . the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2016 , are expected to be paid ( in millions ) : .
|2017|$ 4.5|
|2018|4.0|
|2019|4.0|
|2020|4.6|
|2021|4.5|
|2021-2025|44.6|
as of december 31 , 2016 , expected employer contributions for 2017 are $ 6.1 million . defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified defined contribution plan . in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan . edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis . edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis . in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan . edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis . the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee . matching contributions relating to edwards lifesciences employees were $ 17.3 million , $ 15.3 million , and $ 12.8 million in 2016 , 2015 , and 2014 , respectively . the company also has nonqualified deferred compensation plans for a select group of employees . the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant . the amount accrued under these nonqualified plans was $ 46.7 million and $ 35.5 million at december 31 , 2016 and 2015 , respectively . 13 . common stock treasury stock in july 2014 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock . in november 2016 , the board of directors approved a new stock repurchase program providing for an additional $ 1.0 billion of repurchases of our common stock . the repurchase programs do not have an expiration date . stock repurchased under these programs may be used to offset obligations under the company 2019s employee stock-based benefit programs and stock-based business acquisitions , and will reduce the total shares outstanding . during 2016 , 2015 , and 2014 , the company repurchased 7.3 million , 2.6 million , and 4.4 million shares , respectively , at an aggregate cost of $ 662.3 million , $ 280.1 million , and $ 300.9 million , respectively , including .
Question: during 2016 what was the average price paid for the shares repurchased by the company?
Answer:
|
107.73077
|
during 2016 what was the average price paid for the shares repurchased by the company?
|
{
"options": {
"A": "107.73077",
"B": "662.3 million",
"C": "280.1 million",
"D": "300.9 million"
},
"goldenKey": "A"
}
|
{
"A": "107.73077",
"B": "662.3 million",
"C": "280.1 million",
"D": "300.9 million"
}
|
A
|
finqa2604
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
||september 29 2007|september 30 2006|september 24 2005|
|beginning allowance balance|$ 52|$ 46|$ 47|
|charged to costs and expenses|12|17|8|
|deductions|-17 ( 17 )|-11 ( 11 )|-9 ( 9 )|
|ending allowance balance|$ 47|$ 52|$ 46|
vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively . the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales . derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales . the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments . the company records all derivatives on the balance sheet at fair value. .
Question: what was the change in non-trade receivables , included in other current assets , between september 29 , 2007 and september 30 , 2006 , in billions?
Answer:
|
0.8
|
what was the change in non-trade receivables , included in other current assets , between september 29 , 2007 and september 30 , 2006 , in billions?
|
{
"options": {
"A": "0.2",
"B": "0.4",
"C": "0.6",
"D": "0.8"
},
"goldenKey": "D"
}
|
{
"A": "0.2",
"B": "0.4",
"C": "0.6",
"D": "0.8"
}
|
D
|
finqa2605
|
Please answer the given financial question based on the context.
Context: discount to brent was narrower in 2013 than in 2012 and 2011 . as a result of the significant increase in u.s . production of light sweet crude oil , the historical relationship between wti , brent and lls pricing may not be indicative of future periods . composition 2013 the proportion of our liquid hydrocarbon sales volumes that are ngls continues to increase due to our development of united states unconventional liquids-rich plays . ngls were 15 percent of our north america e&p liquid hydrocarbon sales volumes in 2013 compared to 10 percent in 2012 and 7 percent in 2011 . natural gas 2013 a significant portion of our natural gas production in the u.s . is sold at bid-week prices , or first-of-month indices relative to our specific producing areas . average henry hub settlement prices for natural gas were 31 percent higher for 2013 than for 2012 . international e&p liquid hydrocarbons 2013 our international e&p crude oil production is relatively sweet and has historically sold in relation to the brent crude benchmark , which on average was 3 percent lower for 2013 than 2012 . natural gas 2013 our major international e&p natural gas-producing regions are europe and e.g . natural gas prices in europe have been considerably higher than the u.s . in recent years . in the case of e.g. , our natural gas sales are subject to term contracts , making realized prices in these areas less volatile . the natural gas sales from e.g . are at fixed prices ; therefore , our reported average international e&p natural gas realized prices may not fully track market price movements . oil sands mining the oil sands mining segment produces and sells various qualities of synthetic crude oil . output mix can be impacted by operational problems or planned unit outages at the mines or upgrader . sales prices for roughly two-thirds of the normal output mix has historically tracked movements in wti and one-third has historically tracked movements in the canadian heavy crude oil marker , primarily wcs . the wcs discount to wti has been increasing on average in each year presented below . despite a wider wcs discount in 2013 , our average oil sands mining price realizations increased due to a greater proportion of higher value synthetic crude oil sales volumes compared to 2012 . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the aeco natural gas sales index and crude oil prices , respectively . the table below shows average benchmark prices that impact both our revenues and variable costs: .
|benchmark|2013|2012|2011|
|wti crude oil ( dollars per bbl )|$ 98.05|$ 94.15|$ 95.11|
|wcs ( dollars per bbl ) ( a )|$ 72.77|$ 73.18|$ 77.97|
|aeco natural gas sales index ( dollars per mmbtu ) ( b )|$ 3.08|$ 2.39|$ 3.68|
wcs ( dollars per bbl ) ( a ) $ 72.77 $ 73.18 $ 77.97 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.08 $ 2.39 $ 3.68 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) monthly average day ahead index. .
Question: by what percentage did the aeco natural gas sales index decline from 2011 to 2013?
Answer:
|
-0.16304
|
by what percentage did the aeco natural gas sales index decline from 2011 to 2013?
|
{
"options": {
"A": "0.16304",
"B": "-0.16304",
"C": "0.29",
"D": "-0.29"
},
"goldenKey": "B"
}
|
{
"A": "0.16304",
"B": "-0.16304",
"C": "0.29",
"D": "-0.29"
}
|
B
|
finqa2606
|
Please answer the given financial question based on the context.
Context: continued investments in ecommerce and technology . the increase in operating expenses as a percentage of net sales for fiscal 2017 was partially offset by the impact of store closures in the fourth quarter of fiscal 2016 . membership and other income was relatively flat for fiscal 2018 and increased $ 1.0 billion a0for fiscal 2017 , when compared to the same period in the previous fiscal year . while fiscal 2018 included a $ 387 million gain from the sale of suburbia , a $ 47 million gain from a land sale , higher recycling income from our sustainability efforts and higher membership income from increased plus member penetration at sam's club , these gains were less than gains recognized in fiscal 2017 . fiscal 2017 included a $ 535 million gain from the sale of our yihaodian business and a $ 194 million gain from the sale of shopping malls in chile . for fiscal 2018 , loss on extinguishment of debt was a0$ 3.1 billion , due to the early extinguishment of long-term debt which allowed us to retire higher rate debt to reduce interest expense in future periods . our effective income tax rate was 30.4% ( 30.4 % ) for fiscal 2018 and 30.3% ( 30.3 % ) for both fiscal 2017 and 2016 . although relatively consistent year-over-year , our effective income tax rate may fluctuate from period to period as a result of factors including changes in our assessment of certain tax contingencies , valuation allowances , changes in tax laws , outcomes of administrative audits , the impact of discrete items and the mix of earnings among our u.s . operations and international operations . the reconciliation from the u.s . statutory rate to the effective income tax rates for fiscal 2018 , 2017 and 2016 is presented in note 9 in the "notes to consolidated financial statements" and describes the impact of the enactment of the tax cuts and jobs act of 2017 ( the "tax act" ) to the fiscal 2018 effective income tax rate . as a result of the factors discussed above , we reported $ 10.5 billion and $ 14.3 billion of consolidated net income for fiscal 2018 and 2017 , respectively , which represents a decrease of $ 3.8 billion and $ 0.8 billion for fiscal 2018 and 2017 , respectively , when compared to the previous fiscal year . diluted net income per common share attributable to walmart ( "eps" ) was $ 3.28 and $ 4.38 for fiscal 2018 and 2017 , respectively . walmart u.s . segment .
|( amounts in millions except unit counts )|fiscal years ended january 31 , 2018|fiscal years ended january 31 , 2017|fiscal years ended january 31 , 2016|
|net sales|$ 318477|$ 307833|$ 298378|
|percentage change from comparable period|3.5% ( 3.5 % )|3.2% ( 3.2 % )|3.6% ( 3.6 % )|
|calendar comparable sales increase|2.1% ( 2.1 % )|1.6% ( 1.6 % )|1.0% ( 1.0 % )|
|operating income|$ 17869|$ 17745|$ 19087|
|operating income as a percentage of net sales|5.6% ( 5.6 % )|5.8% ( 5.8 % )|6.4% ( 6.4 % )|
|unit counts at period end|4761|4672|4574|
|retail square feet at period end|705|699|690|
net sales for the walmart u.s . segment increased $ 10.6 billion or 3.5% ( 3.5 % ) and $ 9.5 billion or 3.2% ( 3.2 % ) for fiscal 2018 and 2017 , respectively , when compared to the previous fiscal year . the increases in net sales were primarily due to increases in comparable store sales of 2.1% ( 2.1 % ) and 1.6% ( 1.6 % ) for fiscal 2018 and 2017 , respectively , and year-over-year growth in retail square feet of 0.7% ( 0.7 % ) and 1.4% ( 1.4 % ) for fiscal 2018 and 2017 , respectively . additionally , for fiscal 2018 , sales generated from ecommerce acquisitions further contributed to the year-over-year increase . gross profit rate decreased 24 basis points for fiscal 2018 and increased 24 basis points for fiscal 2017 , when compared to the previous fiscal year . for fiscal 2018 , the decrease was primarily due to strategic price investments and the mix impact from ecommerce . partially offsetting the negative factors for fiscal 2018 was the positive impact of savings from procuring merchandise . for fiscal 2017 , the increase in gross profit rate was primarily due to improved margin in food and consumables , including the impact of savings in procuring merchandise and lower transportation expense from lower fuel costs . operating expenses as a percentage of segment net sales was relatively flat for fiscal 2018 and increased 101 basis points for fiscal 2017 , when compared to the previous fiscal year . fiscal 2018 and fiscal 2017 included charges related to discontinued real estate projects of $ 244 million and $ 249 million , respectively . for fiscal 2017 , the increase was primarily driven by an increase in wage expense due to the investment in the associate wage structure ; the charge related to discontinued real estate projects ; and investments in digital retail and technology . the increase in operating expenses as a percentage of segment net sales for fiscal 2017 was partially offset by the impact of store closures in fiscal 2016 . as a result of the factors discussed above , segment operating income increased $ 124 million for fiscal 2018 and decreased $ 1.3 billion for fiscal 2017 , respectively. .
Question: in fiscal 2017 what was the ratio of the gain from the sale of the yihaodian business to the gain from the sale of shopping malls in chile .
Answer:
|
2.75773
|
in fiscal 2017 what was the ratio of the gain from the sale of the yihaodian business to the gain from the sale of shopping malls in chile .
|
{
"options": {
"A": "0.361",
"B": "0.535",
"C": "0.194",
"D": "2.75773"
},
"goldenKey": "D"
}
|
{
"A": "0.361",
"B": "0.535",
"C": "0.194",
"D": "2.75773"
}
|
D
|
finqa2607
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2015 annual report 67 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of 24 leading national money center and regional banks and thrifts . the s&p financial index is an index of 87 financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2010 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2010 2011 2012 2013 2014 2015 .
|december 31 ( in dollars )|2010|2011|2012|2013|2014|2015|
|jpmorgan chase|$ 100.00|$ 80.03|$ 108.98|$ 148.98|$ 163.71|$ 177.40|
|kbw bank index|100.00|76.82|102.19|140.77|153.96|154.71|
|s&p financial index|100.00|82.94|106.78|144.79|166.76|164.15|
|s&p 500 index|100.00|102.11|118.44|156.78|178.22|180.67|
december 31 , ( in dollars ) .
Question: did jpmorgan chase outperform the s&p financial index?
Answer:
|
yes
|
did jpmorgan chase outperform the s&p financial index?
|
{
"options": {
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not enough information"
},
"goldenKey": "A"
}
|
{
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not enough information"
}
|
A
|
finqa2608
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements note 9 . collateralized agreements and financings collateralized agreements are securities purchased under agreements to resell ( resale agreements or reverse repurchase agreements ) and securities borrowed . collateralized financings are securities sold under agreements to repurchase ( repurchase agreements ) , securities loaned and other secured financings . the firm enters into these transactions in order to , among other things , facilitate client activities , invest excess cash , acquire securities to cover short positions and finance certain firm activities . collateralized agreements and financings are presented on a net-by-counterparty basis when a legal right of setoff exists . interest on collateralized agreements and collateralized financings is recognized over the life of the transaction and included in 201cinterest income 201d and 201cinterest expense , 201d respectively . see note 23 for further information about interest income and interest expense . the table below presents the carrying value of resale and repurchase agreements and securities borrowed and loaned transactions. .
|in millions|as of december 2012|as of december 2011|
|securities purchased under agreements toresell1|$ 141334|$ 187789|
|securities borrowed2|136893|153341|
|securities sold under agreements torepurchase1|171807|164502|
|securitiesloaned2|13765|7182|
in millions 2012 2011 securities purchased under agreements to resell 1 $ 141334 $ 187789 securities borrowed 2 136893 153341 securities sold under agreements to repurchase 1 171807 164502 securities loaned 2 13765 7182 1 . substantially all resale and repurchase agreements are carried at fair value under the fair value option . see note 8 for further information about the valuation techniques and significant inputs used to determine fair value . 2 . as of december 2012 and december 2011 , $ 38.40 billion and $ 47.62 billion of securities borrowed , and $ 1.56 billion and $ 107 million of securities loaned were at fair value , respectively . resale and repurchase agreements a resale agreement is a transaction in which the firm purchases financial instruments from a seller , typically in exchange for cash , and simultaneously enters into an agreement to resell the same or substantially the same financial instruments to the seller at a stated price plus accrued interest at a future date . a repurchase agreement is a transaction in which the firm sells financial instruments to a buyer , typically in exchange for cash , and simultaneously enters into an agreement to repurchase the same or substantially the same financial instruments from the buyer at a stated price plus accrued interest at a future date . the financial instruments purchased or sold in resale and repurchase agreements typically include u.s . government and federal agency , and investment-grade sovereign obligations . the firm receives financial instruments purchased under resale agreements , makes delivery of financial instruments sold under repurchase agreements , monitors the market value of these financial instruments on a daily basis , and delivers or obtains additional collateral due to changes in the market value of the financial instruments , as appropriate . for resale agreements , the firm typically requires delivery of collateral with a fair value approximately equal to the carrying value of the relevant assets in the consolidated statements of financial condition . even though repurchase and resale agreements involve the legal transfer of ownership of financial instruments , they are accounted for as financing arrangements because they require the financial instruments to be repurchased or resold at the maturity of the agreement . however , 201crepos to maturity 201d are accounted for as sales . a repo to maturity is a transaction in which the firm transfers a security under an agreement to repurchase the security where the maturity date of the repurchase agreement matches the maturity date of the underlying security . therefore , the firm effectively no longer has a repurchase obligation and has relinquished control over the underlying security and , accordingly , accounts for the transaction as a sale . the firm had no repos to maturity outstanding as of december 2012 or december 2011 . 152 goldman sachs 2012 annual report .
Question: between december 2012 and december 2011 , what was the change in billions in the amount of securities borrowed?
Answer:
|
-9.22
|
between december 2012 and december 2011 , what was the change in billions in the amount of securities borrowed?
|
{
"options": {
"A": "-9.22",
"B": "9.22",
"C": "-0.38",
"D": "0.38"
},
"goldenKey": "A"
}
|
{
"A": "-9.22",
"B": "9.22",
"C": "-0.38",
"D": "0.38"
}
|
A
|
finqa2610
|
Please answer the given financial question based on the context.
Context: state street corporation | 52 shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five-year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2012 . it also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available , capitalization-weighted index , comprised of 67 of the standard & poor 2019s 500 companies , representing 27 diversified financial services companies , 23 insurance companies , and 17 banking companies . the kbw bank index is a modified cap-weighted index consisting of 24 exchange-listed stocks , representing national money center banks and leading regional institutions. .
||2012|2013|2014|2015|2016|2017|
|state street corporation|$ 100|$ 159|$ 172|$ 148|$ 178|$ 227|
|s&p 500 index|100|132|151|153|171|208|
|s&p financial index|100|136|156|154|189|230|
|kbw bank index|100|138|151|151|195|231|
.
Question: what is the roi of an investment is s&p500 index from 2012 to 2015?
Answer:
|
0.53
|
what is the roi of an investment is s&p500 index from 2012 to 2015?
|
{
"options": {
"A": "0.32",
"B": "0.53",
"C": "0.68",
"D": "0.82"
},
"goldenKey": "B"
}
|
{
"A": "0.32",
"B": "0.53",
"C": "0.68",
"D": "0.82"
}
|
B
|
finqa2611
|
Please answer the given financial question based on the context.
Context: in 2016 , alumina production will be approximately 2500 kmt lower , mostly due to the curtailment of the point comfort and suralco refineries . also , the continued shift towards alumina index and spot pricing is expected to average 85% ( 85 % ) of third-party smelter-grade alumina shipments . additionally , net productivity improvements are anticipated . primary metals .
||2015|2014|2013|
|aluminum production ( kmt )|2811|3125|3550|
|third-party aluminum shipments ( kmt )|2478|2534|2801|
|alcoa 2019s average realized price per metric ton of aluminum*|$ 2069|$ 2405|$ 2243|
|alcoa 2019s average cost per metric ton of aluminum**|$ 2064|$ 2252|$ 2201|
|third-party sales|$ 5591|$ 6800|$ 6596|
|intersegment sales|2170|2931|2621|
|total sales|$ 7761|$ 9731|$ 9217|
|atoi|$ 155|$ 594|$ -20 ( 20 )|
* average realized price per metric ton of aluminum includes three elements : a ) the underlying base metal component , based on quoted prices from the lme ; b ) the regional premium , which represents the incremental price over the base lme component that is associated with the physical delivery of metal to a particular region ( e.g. , the midwest premium for metal sold in the united states ) ; and c ) the product premium , which represents the incremental price for receiving physical metal in a particular shape ( e.g. , billet , slab , rod , etc. ) or alloy . **includes all production-related costs , including raw materials consumed ; conversion costs , such as labor , materials , and utilities ; depreciation and amortization ; and plant administrative expenses . this segment represents a portion of alcoa 2019s upstream operations and consists of the company 2019s worldwide smelting system . primary metals purchases alumina , mostly from the alumina segment ( see alumina above ) , from which primary aluminum is produced and then sold directly to external customers and traders , as well as to alcoa 2019s midstream operations and , to a lesser extent , downstream operations . results from the sale of aluminum powder , scrap , and excess energy are also included in this segment , as well as the results of aluminum derivative contracts and buy/ resell activity . primary aluminum produced by alcoa and used internally is transferred to other segments at prevailing market prices . the sale of primary aluminum represents approximately 90% ( 90 % ) of this segment 2019s third-party sales . buy/ resell activity occurs when this segment purchases metal and resells such metal to external customers or the midstream and downstream operations in order to maximize smelting system efficiency and to meet customer requirements . generally , the sales of this segment are transacted in u.s . dollars while costs and expenses of this segment are transacted in the local currency of the respective operations , which are the u.s . dollar , the euro , the norwegian kroner , icelandic krona , the canadian dollar , the brazilian real , and the australian dollar . in november 2014 , alcoa completed the sale of an aluminum rod plant located in b e9cancour , qu e9bec , canada to sural laminated products . this facility takes molten aluminum and shapes it into the form of a rod , which is used by customers primarily for the transportation of electricity . while owned by alcoa , the operating results and assets and liabilities of this plant were included in the primary metals segment . in conjunction with this transaction , alcoa entered into a multi-year agreement with sural laminated products to supply molten aluminum for the rod plant . the aluminum rod plant generated sales of approximately $ 200 in 2013 and , at the time of divestiture , had approximately 60 employees . see restructuring and other charges in results of operations above . in december 2014 , alcoa completed the sale of its 50.33% ( 50.33 % ) ownership stake in the mt . holly smelter located in goose creek , south carolina to century aluminum company . while owned by alcoa , 50.33% ( 50.33 % ) of both the operating results and assets and liabilities related to the smelter were included in the primary metals segment . as it relates to alcoa 2019s previous 50.33% ( 50.33 % ) ownership stake , the smelter ( alcoa 2019s share of the capacity was 115 kmt-per-year ) generated sales of approximately $ 280 in 2013 and , at the time of divestiture , had approximately 250 employees . see restructuring and other charges in results of operations above . at december 31 , 2015 , alcoa had 778 kmt of idle capacity on a base capacity of 3401 kmt . in 2015 , idle capacity increased 113 kmt compared to 2014 , mostly due to the curtailment of 217 kmt combined at a smelter in each the .
Question: what was the number of dollars obtained with the sale of primary aluminum in 2015?
Answer:
|
5031.9
|
what was the number of dollars obtained with the sale of primary aluminum in 2015?
|
{
"options": {
"A": "5591",
"B": "6800",
"C": "6596",
"D": "5031.9"
},
"goldenKey": "D"
}
|
{
"A": "5591",
"B": "6800",
"C": "6596",
"D": "5031.9"
}
|
D
|
finqa2612
|
Please answer the given financial question based on the context.
Context: during the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 . these units are payable in stock and are subject to certain financial performance criteria . the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded . the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) . as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) . for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period . these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award . these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period . the fair value of these performance share units at july 1 , 2011 was $ 8.6 million . of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 . a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: .
|performance share units|grants|
|outstanding at january 1 2011 ( non-vested )|556186|
|granted ( 1 )|354660|
|vesting and transfer of ownership to recipients|-136058 ( 136058 )|
|outstanding at december 31 2011 ( non-vested )|774788|
( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 . for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units . based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units . that cost is expected to be recognized over a weighted-average period of 1.1 years . note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities . we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months . we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase . all of these instruments , including investments in equity securities , are classified as available- for-sale . as a result , they are reported at fair value using quoted market prices . interest income is recorded as earned . unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income . upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. .
Question: in 2011 what was the percent of the change in the performance shares outstanding
Answer:
|
0.39304
|
in 2011 what was the percent of the change in the performance shares outstanding
|
{
"options": {
"A": "0.39304%",
"B": "0.039304%",
"C": "3.9304%",
"D": "39.304%"
},
"goldenKey": "A"
}
|
{
"A": "0.39304%",
"B": "0.039304%",
"C": "3.9304%",
"D": "39.304%"
}
|
A
|
finqa2613
|
Please answer the given financial question based on the context.
Context: risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2016|$ 301.2|
|2015|53.8|
|2014|56.3|
|2013|194.0|
|2012|410.0|
our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what was the percentage change in the pre-tax catastrophe losses from 2015 to 2016
Answer:
|
4.59851
|
what was the percentage change in the pre-tax catastrophe losses from 2015 to 2016
|
{
"options": {
"A": "2.34567",
"B": "3.45678",
"C": "4.59851",
"D": "5.67892"
},
"goldenKey": "C"
}
|
{
"A": "2.34567",
"B": "3.45678",
"C": "4.59851",
"D": "5.67892"
}
|
C
|
finqa2614
|
Please answer the given financial question based on the context.
Context: equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2018 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 399165 $ 0.00 3995600 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .
|plan category|number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )|weighted-average exercise price of outstanding optionswarrants and rights|number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders|399165|$ 0.00|3995600|
|equity compensation plans not approved by security holders ( 2 )|2014|2014|2014|
|total|399165|$ 0.00|3995600|
( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 27123 were stock rights granted under the 2011 plan . in addition , this number includes 31697 stock rights , 5051 restricted stock rights , and 335293 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2019 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: as of december 312018 what was the ratio of the equity compensation plans approved by security holders number of securities to be issued to the number of securities remaining available for future issuance
Answer:
|
0.0999
|
as of december 312018 what was the ratio of the equity compensation plans approved by security holders number of securities to be issued to the number of securities remaining available for future issuance
|
{
"options": {
"A": "0.0999",
"B": "0.1001",
"C": "0.2002",
"D": "0.5005"
},
"goldenKey": "A"
}
|
{
"A": "0.0999",
"B": "0.1001",
"C": "0.2002",
"D": "0.5005"
}
|
A
|
finqa2615
|
Please answer the given financial question based on the context.
Context: amount of unrecognized tax benefit related to permanent differences because a portion of those unrecognized benefits relate to state tax matters . it is reasonably possible that the liability for uncertain tax positions could increase or decrease in the next twelve months due to completion of tax authorities 2019 exams or the expiration of statutes of limitations . management estimates that the liability for uncertain tax positions could decrease by $ 5 million within the next twelve months . the consolidated federal income tax returns of the pnc financial services group , inc . and subsidiaries through 2003 have been audited by the internal revenue service and we have resolved all disputed matters through the irs appeals division . the internal revenue service is currently examining the 2004 through 2006 consolidated federal income tax returns of the pnc financial services group , inc . and subsidiaries . the consolidated federal income tax returns of national city corporation and subsidiaries through 2004 have been audited by the internal revenue service and we have reached agreement in principle on resolution of all disputed matters through the irs appeals division . however , because the agreement is still subject to execution of a closing agreement we have not treated it as effectively settled . the internal revenue service is currently examining the 2005 through 2007 consolidated federal income tax returns of national city corporation and subsidiaries , and we expect the 2008 federal income tax return to begin being audited as soon as it is filed . new york , new jersey , maryland and new york city are principally where we were subject to state and local income tax prior to our acquisition of national city . the state of new york is currently in the process of closing the 2002 to 2004 audit and will begin auditing the years 2005 and 2006 . new york city is currently auditing 2004 and 2005 . however , years 2002 and 2003 remain subject to examination by new york city pending completion of the new york state audit . through 2006 , blackrock is included in our new york and new york city combined tax filings and constituted most of the tax liability . years subsequent to 2004 remain subject to examination by new jersey and years subsequent to 2005 remain subject to examination by maryland . national city was principally subject to state and local income tax in california , florida , illinois , indiana , and missouri . audits currently in process for these states include : california ( 2003-2004 ) , illinois ( 2004-2006 ) and missouri ( 2003-2005 ) . we will now also be principally subject to tax in those states . in the ordinary course of business we are routinely subject to audit by the taxing authorities of these states and at any given time a number of audits will be in process . our policy is to classify interest and penalties associated with income taxes as income taxes . at january 1 , 2008 , we had accrued $ 91 million of interest related to tax positions , most of which related to our cross-border leasing transactions . the total accrued interest and penalties at december 31 , 2008 was $ 164 million . while the leasing related interest decreased with a payment to the irs , the $ 73 million net increase primarily resulted from our acquisition of national city . note 22 summarized financial information of blackrock as required by sec regulation s-x , summarized consolidated financial information of blackrock follows ( in millions ) . .
|december 31|2008|2007|
|total assets|$ 19924|$ 22561|
|total liabilities|$ 7367|$ 10387|
|non-controlling interest|491|578|
|stockholders 2019 equity|12066|11596|
|total liabilities non-controlling interest and stockholders 2019 equity|$ 19924|$ 22561|
|year ended december 31|2008|2007|
|total revenue|$ 5064|$ 4845|
|total expenses|3471|3551|
|operating income|1593|1294|
|non-operating income ( expense )|-574 ( 574 )|529|
|income before income taxes and non-controlling interest|1019|1823|
|income taxes|388|464|
|non-controlling interest|-155 ( 155 )|364|
|net income|$ 786|$ 995|
note 23 regulatory matters we are subject to the regulations of certain federal and state agencies and undergo periodic examinations by such regulatory authorities . the access to and cost of funding new business initiatives including acquisitions , the ability to pay dividends , the level of deposit insurance costs , and the level and nature of regulatory oversight depend , in large part , on a financial institution 2019s capital strength . the minimum us regulatory capital ratios are 4% ( 4 % ) for tier 1 risk-based , 8% ( 8 % ) for total risk- based and 4% ( 4 % ) for leverage . however , regulators may require higher capital levels when particular circumstances warrant . to qualify as 201cwell capitalized , 201d regulators require banks to maintain capital ratios of at least 6% ( 6 % ) for tier 1 risk-based , 10% ( 10 % ) for total risk-based and 5% ( 5 % ) for leverage . at december 31 , 2008 and december 31 , 2007 , each of our domestic bank subsidiaries met the 201cwell capitalized 201d capital ratio requirements. .
Question: in 2008 what was the debt to equity ratio
Answer:
|
0.58668
|
in 2008 what was the debt to equity ratio
|
{
"options": {
"A": "0.58668",
"B": "0.34512",
"C": "0.67891",
"D": "0.12345"
},
"goldenKey": "A"
}
|
{
"A": "0.58668",
"B": "0.34512",
"C": "0.67891",
"D": "0.12345"
}
|
A
|
finqa2616
|
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 change in tier 1 capital % ( % ) from 2007 to 2008?
Answer:
|
0.048
|
what was the change in tier 1 capital % ( % ) from 2007 to 2008?
|
{
"options": {
"A": "0.048",
"B": "0.080",
"C": "0.040",
"D": "0.060"
},
"goldenKey": "A"
}
|
{
"A": "0.048",
"B": "0.080",
"C": "0.040",
"D": "0.060"
}
|
A
|
finqa2617
|
Please answer the given financial question based on the context.
Context: domestic utility companies and system energy notes to respective financial statements derived from another portion of the entity that continues to apply sfas 71 should not be written off ; rather , they should be considered regulatory assets of the segment that will continue to apply sfas 71 . see note 2 to the domestic utility companies and system energy financial statements for discussion of transition to competition activity in the retail regulatory jurisdictions served by the domestic utility companies . only texas currently has an enacted retail open access law , but entergy believes that significant issues remain to be addressed by regulators , and the enacted law does not provide sufficient detail to reasonably determine the impact on entergy gulf states' regulated operations . cash and cash equivalents entergy considers all unrestricted highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents . investments with original maturities of more than three months are classified as other temporary investments on the balance sheet . investments entergy applies the provisions of sfas 115 , 201caccounting for investments for certain debt and equity securities , 201d in accounting for investments in decommissioning trust funds . as a result , entergy records the decommissioning trust funds at their fair value on the balance sheet . as of december 31 , 2002 and 2001 , the fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits by the following ( in millions ) : .
||2002|2001|
|entergy arkansas|$ 35.3|$ 69.8|
|entergy gulf states|$ 1.4|$ 18.5|
|entergy louisiana|( $ 0.3 )|$ 8.2|
|system energy|( $ 14.5 )|( $ 1.6 )|
in accordance with the regulatory treatment for decommissioning trust funds , entergy arkansas , entergy gulf states ( for the regulated portion of river bend ) , and entergy louisiana have recorded an offsetting amount of unrealized gains/ ( losses ) on investment securities in accumulated depreciation . for the nonregulated portion of river bend , entergy gulf states has recorded an offsetting amount of unrealized gains/ ( losses ) in other deferred credits . system energy's offsetting amount of unrealized gains/ ( losses ) on investment securities is in other regulatory liabilities . derivatives and hedging entergy implemented sfas 133 , 201caccounting for derivative instruments and hedging activities 201d on january 1 , 2001 . the statement requires that all derivatives be recognized in the balance sheet , either as assets or liabilities , at fair value . the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income , depending on whether a derivative is designated as part of a hedge transaction and , if it is , the type of hedge transaction . for cash-flow hedge transactions in which entergy is hedging the variability of cash flows related to a variable-rate asset , liability , or forecasted transaction , changes in the fair value of the derivative instrument are reported in other comprehensive income . the gains and losses on the derivative instrument that are reported in other comprehensive income are reclassified as earnings in the periods in which earnings are impacted by the variability of the cash flows of the hedged item . the ineffective portions of all hedges are recognized in current- period earnings . contracts for commodities that will be delivered in quantities expected to be used or sold in the ordinary course of business , including certain purchases and sales of power and fuel , are not classified as derivatives. .
Question: what is the percent change in the difference in the fair value of the securities held in decommissioning trust funds and the amounts deposited plus the earnings on the deposits from 2001 to 2002 for entergy arkansas?
Answer:
|
0.97734
|
what is the percent change in the difference in the fair value of the securities held in decommissioning trust funds and the amounts deposited plus the earnings on the deposits from 2001 to 2002 for entergy arkansas?
|
{
"options": {
"A": "0.97734%",
"B": "0.97734",
"C": "97.734%",
"D": "97.734"
},
"goldenKey": "A"
}
|
{
"A": "0.97734%",
"B": "0.97734",
"C": "97.734%",
"D": "97.734"
}
|
A
|
finqa2618
|
Please answer the given financial question based on the context.
Context: the remaining $ 135 recognized in 2013 relates to a valuation allowance established on a portion of available foreign tax credits in the united states . these credits can be carried forward for 10 years , and have an expiration period ranging from 2016 to 2023 as of december 31 , 2013 ( 2016 to 2025 as of december 31 , 2015 ) . after weighing all available positive and negative evidence , as described above , management determined that it was no longer more likely than not that alcoa will realize the full tax benefit of these foreign tax credits . this was primarily due to lower foreign sourced taxable income after consideration of tax planning strategies and after the inclusion of earnings from foreign subsidiaries projected to be distributable as taxable foreign dividends . this valuation allowance was reevaluated as of december 31 , 2015 , and due to reductions in foreign sourced taxable income , a $ 134 discrete income tax charge was recognized . additionally , $ 15 of foreign tax credits expired at the end of 2015 resulting in a corresponding decrease to the valuation allowance . at december 31 , 2015 , the amount of the valuation allowance was $ 254 . the need for this valuation allowance will be assessed on a continuous basis in future periods and , as a result , an increase or decrease to this allowance may result based on changes in facts and circumstances . in 2015 , alcoa recognized an additional $ 141 discrete income tax charge for valuation allowances on certain deferred tax assets in iceland and suriname . of this amount , an $ 85 valuation allowance was established on the full value of the deferred tax assets in suriname , which were related mostly to employee benefits and tax loss carryforwards . these deferred tax assets have an expiration period ranging from 2016 to 2022 . the remaining $ 56 charge relates to a valuation allowance established on a portion of the deferred tax assets recorded in iceland . these deferred tax assets have an expiration period ranging from 2017 to 2023 . after weighing all available positive and negative evidence , as described above , management determined that it was no longer more likely than not that alcoa will realize the tax benefit of either of these deferred tax assets . this was mainly driven by a decline in the outlook of the primary metals business , combined with prior year cumulative losses and a short expiration period . the need for this valuation allowance will be assessed on a continuous basis in future periods and , as a result , a portion or all of the allowance may be reversed based on changes in facts and circumstances . in december 2011 , one of alcoa 2019s subsidiaries in brazil applied for a tax holiday related to its expanded mining and refining operations . during 2013 , the application was amended and re-filed and , separately , a similar application was filed for another one of the company 2019s subsidiaries in brazil . the deadline for the brazilian government to deny the application was july 11 , 2014 . since alcoa did not receive notice that its applications were denied , the tax holiday took effect automatically on july 12 , 2014 . as a result , the tax rate applicable to qualified holiday income for these subsidiaries decreased significantly ( from 34% ( 34 % ) to 15.25% ( 15.25 % ) ) , resulting in future cash tax savings over the 10-year holiday period ( retroactively effective as of january 1 , 2013 ) . additionally , a portion of one of the subsidiaries net deferred tax asset that reverses within the holiday period was remeasured at the new tax rate ( the net deferred tax asset of the other subsidiary was not remeasured since it could still be utilized against the subsidiary 2019s future earnings not subject to the tax holiday ) . this remeasurement resulted in a decrease to that subsidiary 2019s net deferred tax asset and a noncash charge to earnings of $ 52 ( $ 31 after noncontrolling interest ) . the following table details the changes in the valuation allowance: .
|december 31,|2015|2014|2013|
|balance at beginning of year|$ 1668|$ 1804|$ 1400|
|increase to allowance|472|117|471|
|release of allowance|-42 ( 42 )|-77 ( 77 )|-41 ( 41 )|
|acquisitions and divestitures ( f )|29|-37 ( 37 )|-|
|u.s . state tax apportionment and tax rate changes|-45 ( 45 )|-80 ( 80 )|-32 ( 32 )|
|foreign currency translation|-45 ( 45 )|-59 ( 59 )|6|
|balance at end of year|$ 2037|$ 1668|$ 1804|
the cumulative amount of alcoa 2019s foreign undistributed net earnings for which no deferred taxes have been provided was approximately $ 4000 at december 31 , 2015 . alcoa has a number of commitments and obligations related to the company 2019s growth strategy in foreign jurisdictions . as such , management has no plans to distribute such earnings in the foreseeable future , and , therefore , has determined it is not practicable to determine the related deferred tax liability. .
Question: considering the additional discrete income tax charge for valuation allowances in 2015 , what is the percentage of the valuation allowance of the deferred tax assets recorded in iceland?
Answer:
|
0.39716
|
considering the additional discrete income tax charge for valuation allowances in 2015 , what is the percentage of the valuation allowance of the deferred tax assets recorded in iceland?
|
{
"options": {
"A": "0.39716",
"B": "0.42308",
"C": "0.3125",
"D": "0.47826"
},
"goldenKey": "A"
}
|
{
"A": "0.39716",
"B": "0.42308",
"C": "0.3125",
"D": "0.47826"
}
|
A
|
finqa2619
|
Please answer the given financial question based on the context.
Context: .
||june 27 2013|december 31 2013|
|cdw corp|$ 100|$ 138|
|s&p midcap 400 index|100|118|
|cdw peers|100|113|
use of proceeds from registered securities on july 2 , 2013 , the company completed an ipo of its common stock in which it issued and sold 23250000 shares of common stock . on july 31 , 2013 , the company completed the sale of an additional 3487500 shares of common stock to the underwriters of the ipo pursuant to the underwriters 2019 july 26 , 2013 exercise in full of the overallotment option granted to them in connection with the ipo . such shares were registered under the securities act of 1933 , as amended , pursuant to the company 2019s registration statement on form s-1 ( file 333-187472 ) , which was declared effective by the sec on june 26 , 2013 . the shares of common stock are listed on the nasdaq global select market under the symbol 201ccdw . 201d the company 2019s shares of common stock were sold to the underwriters at a price of $ 17.00 per share in the ipo and upon the exercise of the overallotment option , which together , generated aggregate net proceeds of $ 424.7 million to the company after deducting $ 29.8 million in underwriting discounts , expenses and transaction costs . using a portion of the net proceeds from the ipo ( exclusive of proceeds from the exercise of the overallotment option ) , the company paid a $ 24.4 million termination fee to affiliates of madison dearborn partners , llc and providence equity partners , l.l.c . in connection with the termination of the management services agreement with such entities that was effective upon completion of the ipo , redeemed $ 175.0 million aggregate principal amount of senior secured notes due 2018 , and redeemed $ 146.0 million aggregate principal amount of senior subordinated notes due 2017 . the redemption price of the senior secured notes due 2018 was 108.0% ( 108.0 % ) of the principal amount redeemed , plus accrued and unpaid interest to the date of redemption . the company used cash on hand to pay such accrued and unpaid interest . the redemption price of the senior subordinated notes due 2017 was 106.268% ( 106.268 % ) of the principal amount redeemed , plus accrued and unpaid interest to the date of redemption . the company used cash on hand to pay such accrued and unpaid interest . on october 18 , 2013 , proceeds from the overallotment option exercise of $ 56.0 million and cash on hand were used to redeem $ 155.0 million aggregate principal amount of senior subordinated notes due 2017 . the redemption price of the senior subordinated notes due 2017 was 104.178% ( 104.178 % ) of the principal amount redeemed , plus accrued and unpaid interest to the date of redemption . the company used cash on hand to pay such redemption premium and accrued and unpaid interest . j.p . morgan securities llc , barclays capital inc . and goldman , sachs & co . acted as joint book-running managers of the ipo and as representatives of the underwriters . deutsche bank securities inc . and morgan stanley & co . llc acted as additional book-running managers in the ipo . robert w . baird & co . incorporated , raymond james & associates , inc. , william blair & company , l.l.c. , needham & company , llc , stifel , nicolaus & company , incorporated , loop capital markets llc and the williams capital group , l.p . acted as managing underwriters in the ipo. .
Question: what were total generated aggregate proceeds to the company prior to deducting underwriting discounts , expenses and transaction costs , in millions?
Answer:
|
454.5
|
what were total generated aggregate proceeds to the company prior to deducting underwriting discounts , expenses and transaction costs , in millions?
|
{
"options": {
"A": "424.7",
"B": "454.5",
"C": "464.3",
"D": "484.1"
},
"goldenKey": "B"
}
|
{
"A": "424.7",
"B": "454.5",
"C": "464.3",
"D": "484.1"
}
|
B
|
finqa2620
|
Please answer the given financial question based on the context.
Context: corporate/other corporate/other includes global staff functions ( including finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology , residual corporate treasury and corporate items . at december 31 , 2010 , this segment had approximately $ 272 billion of assets , consisting primarily of citi 2019s liquidity portfolio , including $ 87 billion of cash and deposits with banks. .
|in millions of dollars|2010|2009|2008|
|net interest revenue|$ 1059|$ -1657 ( 1657 )|$ -2671 ( 2671 )|
|non-interest revenue|695|-8898 ( 8898 )|413|
|total revenues net of interest expense|$ 1754|$ -10555 ( 10555 )|$ -2258 ( 2258 )|
|total operating expenses|$ 1953|$ 1418|$ 511|
|provisions for loan losses and for benefits and claims|2014|2014|2014|
|( loss ) from continuing operations before taxes|$ -199 ( 199 )|$ -11973 ( 11973 )|$ -2769 ( 2769 )|
|benefits for income taxes|-153 ( 153 )|-4356 ( 4356 )|-585 ( 585 )|
|( loss ) from continuing operations|$ -46 ( 46 )|$ -7617 ( 7617 )|$ -2184 ( 2184 )|
|income ( loss ) from discontinued operations net of taxes|-68 ( 68 )|-445 ( 445 )|4002|
|net income ( loss ) before attribution of noncontrolling interests|$ -114 ( 114 )|$ -8062 ( 8062 )|$ 1818|
|net ( loss ) attributable to noncontrolling interests|-48 ( 48 )|-2 ( 2 )|2014|
|net income ( loss )|$ -66 ( 66 )|$ -8060 ( 8060 )|$ 1818|
2010 vs . 2009 revenues , net of interest expense increased primarily due to the absence of the loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the exit from the loss-sharing agreement with the u.s . government , each in the fourth quarter of 2009 . revenues also increased due to gains on sales of afs securities , benefits from lower short- term interest rates and other improved treasury results during the current year . these increases were partially offset by the absence of the pretax gain related to citi 2019s public and private exchange offers in 2009 . operating expenses increased primarily due to various legal and related expenses , as well as other non-compensation expenses . 2009 vs . 2008 revenues , net of interest expense declined primarily due to the pretax loss on debt extinguishment related to the repayment of tarp and the exit from the loss-sharing agreement with the u.s . government . revenues also declined due to the absence of the 2008 sale of citigroup global services limited recorded in operations and technology . these declines were partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves. .
Question: what percent of total revenues net of interest expense was net interest revenue in 2010?
Answer:
|
0.60376
|
what percent of total revenues net of interest expense was net interest revenue in 2010?
|
{
"options": {
"A": "0.60376%",
"B": "6.0376%",
"C": "60.376%",
"D": "603.76%"
},
"goldenKey": "A"
}
|
{
"A": "0.60376%",
"B": "6.0376%",
"C": "60.376%",
"D": "603.76%"
}
|
A
|
finqa2621
|
Please answer the given financial question based on the context.
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits . concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas . we provide services to commercial , industrial , municipal and residential customers in the united states and puerto rico . we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables . we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information . accounts receivable , net of allowance for doubtful accounts accounts receivable represent receivables from customers for collection , transfer , recycling , disposal and other services . our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash . the carrying value of our receivables , net of the allowance for doubtful accounts , represents their estimated net realizable value . provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions . we also review outstanding balances on an account-specific basis . in general , reserves are provided for accounts receivable in excess of 90 days outstanding . past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due . the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31 , 2013 , 2012 and 2011: .
||2013|2012|2011|
|balance at beginning of year|$ 45.3|$ 48.1|$ 50.9|
|additions charged to expense|16.1|29.7|21.0|
|accounts written-off|-23.1 ( 23.1 )|-32.5 ( 32.5 )|-23.8 ( 23.8 )|
|balance at end of year|$ 38.3|$ 45.3|$ 48.1|
restricted cash and marketable securities as of december 31 , 2013 , we had $ 169.7 million of restricted cash and marketable securities . we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers . the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance . as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets . in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance . at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts . property and equipment we record property and equipment at cost . expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred . when property is retired or .
Question: in the account for the allowance for doubtful accounts what was the percent of the change in the additions charged to expense from 2012 to 2013
Answer:
|
-13.6
|
in the account for the allowance for doubtful accounts what was the percent of the change in the additions charged to expense from 2012 to 2013
|
{
"options": {
"A": "-13.6%",
"B": "-9.4%",
"C": "13.6%",
"D": "9.4%"
},
"goldenKey": "A"
}
|
{
"A": "-13.6%",
"B": "-9.4%",
"C": "13.6%",
"D": "9.4%"
}
|
A
|
finqa2622
|
Please answer the given financial question based on the context.
Context: during 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( "nsai" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( "ryder scott" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) .
|beginning of year|627|
|revisions of previous estimates|1|
|improved recovery|1|
|purchases of reserves in place|4|
|extensions discoveries and other additions|227|
|dispositions|-29 ( 29 )|
|transfers to proved developed|-103 ( 103 )|
|end of year|728|
significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .
Question: by how much did undeveloped reserves increase throughout 2014 ff1f
Answer:
|
0.13874
|
by how much did undeveloped reserves increase throughout 2014 ff1f
|
{
"options": {
"A": "0.13874",
"B": "0.101",
"C": "0.227",
"D": "0.728"
},
"goldenKey": "A"
}
|
{
"A": "0.13874",
"B": "0.101",
"C": "0.227",
"D": "0.728"
}
|
A
|
finqa2626
|
Please answer the given financial question based on the context.
Context: foreign currency transaction gains ( losses ) foreign currency transaction gains ( losses ) in millions were as follows: .
|years ended december 31,|2017|2016|2015|
|mexico|$ 17|$ -8 ( 8 )|$ -6 ( 6 )|
|philippines|15|12|8|
|bulgaria|14|-8 ( 8 )|3|
|chile|8|-9 ( 9 )|-18 ( 18 )|
|aes corporation|3|-50 ( 50 )|-31 ( 31 )|
|argentina|1|37|124|
|united kingdom|-3 ( 3 )|13|11|
|colombia|-23 ( 23 )|-8 ( 8 )|29|
|other|10|6|-14 ( 14 )|
|total ( 1 )|$ 42|$ -15 ( 15 )|$ 106|
total ( 1 ) $ 42 $ ( 15 ) $ 106 _____________________________ ( 1 ) includes gains of $ 21 million , $ 17 million and $ 247 million on foreign currency derivative contracts for the years ended december 31 , 2017 , 2016 and 2015 , respectively . the company recognized net foreign currency transaction gains of $ 42 million for the year ended december 31 , 2017 primarily driven by transactions associated with vat activity in mexico , the amortization of frozen embedded derivatives in the philippines , and appreciation of the euro in bulgaria . these gains were partially offset by unfavorable foreign currency derivatives in colombia . the company recognized net foreign currency transaction losses of $ 15 million for the year ended december 31 , 2016 primarily due to remeasurement losses on intercompany notes , and losses on swaps and options at the aes corporation . this loss was partially offset in argentina , mainly due to the favorable impact of foreign currency derivatives related to government receivables . the company recognized net foreign currency transaction gains of $ 106 million for the year ended december 31 , 2015 primarily due to foreign currency derivatives related to government receivables in argentina and depreciation of the colombian peso in colombia . these gains were partially offset due to decreases in the valuation of intercompany notes at the aes corporation and unfavorable devaluation of the chilean peso in chile . income tax expense income tax expense increased $ 958 million to $ 990 million in 2017 as compared to 2016 . the company's effective tax rates were 128% ( 128 % ) and 17% ( 17 % ) for the years ended december 31 , 2017 and 2016 , respectively . the net increase in the 2017 effective tax rate was due primarily to expense related to the u.s . tax reform one-time transition tax and remeasurement of deferred tax assets . further , the 2016 rate was impacted by the items described below . income tax expense decreased $ 380 million to $ 32 million in 2016 as compared to 2015 . the company's effective tax rates were 17% ( 17 % ) and 42% ( 42 % ) for the years ended december 31 , 2016 and 2015 , respectively . the net decrease in the 2016 effective tax rate was due , in part , to the 2016 asset impairments in the u.s. , as well as the devaluation of the peso in certain of our mexican subsidiaries and the release of valuation allowance at certain of our brazilian subsidiaries . these favorable items were partially offset by the unfavorable impact of chilean income tax law reform enacted during the first quarter of 2016 . further , the 2015 rate was due , in part , to the nondeductible 2015 impairment of goodwill at dp&l and chilean withholding taxes offset by the release of valuation allowance at certain of our businesses in brazil , vietnam and the u.s . see note 19 2014asset impairment expense included in item 8 . 2014financial statements and supplementary data of this form 10-k for additional information regarding the 2016 u.s . asset impairments . see note 20 2014income taxes included in item 8 . 2014financial statements and supplementary data of this form 10-k for additional information regarding the 2016 chilean income tax law reform . our effective tax rate reflects the tax effect of significant operations outside the u.s. , which are generally taxed at rates different than the u.s . statutory rate . foreign earnings may be taxed at rates higher than the new u.s . corporate rate of 21% ( 21 % ) and a greater portion of our foreign earnings may be subject to current u.s . taxation under the new tax rules . a future proportionate change in the composition of income before income taxes from foreign and domestic tax jurisdictions could impact our periodic effective tax rate . the company also benefits from reduced tax rates in certain countries as a result of satisfying specific commitments regarding employment and capital investment . see note 20 2014income taxes included in item 8 . 2014financial statements and supplementary data of this form 10-k for additional information regarding these reduced rates. .
Question: in 2017 what percentage of foreign currency transaction gains were attributable to philippines?
Answer:
|
0.35714
|
in 2017 what percentage of foreign currency transaction gains were attributable to philippines?
|
{
"options": {
"A": "0.07143",
"B": "0.14286",
"C": "0.28571",
"D": "0.35714"
},
"goldenKey": "D"
}
|
{
"A": "0.07143",
"B": "0.14286",
"C": "0.28571",
"D": "0.35714"
}
|
D
|
finqa2627
|
Please answer the given financial question based on the context.
Context: the redemptions resulted in an early extinguishment charge of $ 5 million . on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 . the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 . on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 . the redemption resulted in a $ 5 million early extinguishment charge . receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility . ( see further discussion of our receivables securitization facility in note 10 ) . 15 . variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) . these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions . within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices . depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases .
|millions|operatingleases|capitalleases|
|2012|$ 525|$ 297|
|2013|489|269|
|2014|415|276|
|2015|372|276|
|2016|347|262|
|later years|2380|1179|
|total minimum leasepayments|$ 4528|$ 2559|
|amount representing interest|n/a|-685 ( 685 )|
|present value of minimum leasepayments|n/a|$ 1874|
the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 . 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: did the annual interest savings on the redemption of the 6.65% ( 6.65 % ) notes exceed the cost of the early extinguishment?
Answer:
|
yes
|
did the annual interest savings on the redemption of the 6.65% ( 6.65 % ) notes exceed the cost of the early extinguishment?
|
{
"options": {
"A": "No",
"B": "Yes",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
},
"goldenKey": "B"
}
|
{
"A": "No",
"B": "Yes",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
}
|
B
|
finqa2628
|
Please answer the given financial question based on the context.
Context: consist of first and second liens , the charge-off amounts for the pool are proportionate to the composition of first and second liens in the pool . our experience has been that the ratio of first to second lien loans has been consistent over time and is appropriately represented in our pools used for roll-rate calculations . generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20 year amortization term . during the draw period , we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest . based upon outstanding balances at december 31 , 2012 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . table 39 : home equity lines of credit 2013 draw period end in millions interest product principal interest product .
|in millions|interestonlyproduct|principalandinterestproduct|
|2013|$ 1338|$ 221|
|2014|2048|475|
|2015|2024|654|
|2016|1571|504|
|2017|3075|697|
|2018 and thereafter|5497|4825|
|total ( a )|$ 15553|$ 7376|
( a ) includes approximately $ 166 million , $ 208 million , $ 213 million , $ 61 million , $ 70 million and $ 526 million of home equity lines of credit with balloon payments with draw periods scheduled to end in 2013 , 2014 , 2015 , 2016 , 2017 and 2018 and thereafter , respectively . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . based upon outstanding balances , and excluding purchased impaired loans , at december 31 , 2012 , for home equity lines of credit for which the borrower can no longer draw ( e.g. , draw period has ended or borrowing privileges have been terminated ) , approximately 3.86% ( 3.86 % ) were 30-89 days past due and approximately 5.96% ( 5.96 % ) were greater than or equal to 90 days past due . generally , when a borrower becomes 60 days past due , we terminate borrowing privileges , and those privileges are not subsequently reinstated . at that point , we continue our collection/recovery processes , which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr . see note 5 asset quality in the notes to consolidated financial statements in item 8 of this report for additional information . loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure , where appropriate . initially , a borrower is evaluated for a modification under a government program . if a borrower does not qualify under a government program , the borrower is then evaluated under a pnc program . our programs utilize both temporary and permanent modifications and typically reduce the interest rate , extend the term and/or defer principal . temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs . further , certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs . additional detail on tdrs is discussed below as well as in note 5 asset quality in the notes to consolidated financial statements in item 8 of this report . a temporary modification , with a term between three and 60 months , involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date . a permanent modification , with a term greater than 60 months , is a modification in which the terms of the original loan are changed . permanent modifications primarily include the government-created home affordable modification program ( hamp ) or pnc-developed hamp-like modification programs . for consumer loan programs , such as residential mortgages and home equity loans and lines , we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance . examples of this situation often include delinquency due to illness or death in the family , or a loss of employment . permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount , but our expectation is that payments at lower amounts can be made . residential mortgage and home equity loans and lines have been modified with changes in terms for up to 60 months , although the majority involve periods of three to 24 months . we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses . the following tables provide the number of accounts and unpaid principal balance of modified consumer real estate related loans as well as the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months , nine months , twelve months and fifteen months after the modification date . the pnc financial services group , inc . 2013 form 10-k 91 .
Question: what was the percent of the total of the interest only products home equity lines of credit draw periods are scheduled to end in 2017
Answer:
|
0.19771
|
what was the percent of the total of the interest only products home equity lines of credit draw periods are scheduled to end in 2017
|
{
"options": {
"A": "0.19771",
"B": "0.19772",
"C": "0.19773",
"D": "0.19774"
},
"goldenKey": "A"
}
|
{
"A": "0.19771",
"B": "0.19772",
"C": "0.19773",
"D": "0.19774"
}
|
A
|
finqa2629
|
Please answer the given financial question based on the context.
Context: item 2 : properties information concerning applied's properties at october 25 , 2015 is set forth below: .
|( square feet in thousands )|united states|other countries|total|
|owned|3748|1624|5372|
|leased|556|1107|1663|
|total|4304|2731|7035|
because of the interrelation of applied's operations , properties within a country may be shared by the segments operating within that country . the company's headquarters offices are in santa clara , california . products in silicon systems are manufactured in austin , texas ; gloucester , massachusetts ; rehovot , israel ; and singapore . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display segment are manufactured in tainan , taiwan and santa clara , california . products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany and treviso , italy . applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support . applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
Question: what portion of the company's property are leased?
Answer:
|
0.23639
|
what portion of the company's property are leased?
|
{
"options": {
"A": "0.23639",
"B": "0.23640",
"C": "0.23641",
"D": "0.23642"
},
"goldenKey": "A"
}
|
{
"A": "0.23639",
"B": "0.23640",
"C": "0.23641",
"D": "0.23642"
}
|
A
|
finqa2631
|
Please answer the given financial question based on the context.
Context: consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 .
|year ended december 31dollars in millions|2012|2011|
|net interest income|$ 9640|$ 8700|
|net interest margin|3.94% ( 3.94 % )|3.92% ( 3.92 % )|
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 the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what was the two year average for net interest income , in millions?
Answer:
|
9170.0
|
what was the two year average for net interest income , in millions?
|
{
"options": {
"A": "9640",
"B": "8700",
"C": "9170",
"D": "9300"
},
"goldenKey": "C"
}
|
{
"A": "9640",
"B": "8700",
"C": "9170",
"D": "9300"
}
|
C
|
finqa2632
|
Please answer the given financial question based on the context.
Context: interest expense related to capital lease obligations was $ 1.7 million during both the years ended december 31 , 2013 and 2012 , and $ 1.5 million during the year ended december 31 , 2011 . purchase commitments in the table below , we set forth our enforceable and legally binding purchase obligations as of december 31 , 2013 . some of the amounts included in the table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties , and other factors . because these estimates and assumptions are necessarily subjective , our actual payments may vary from those reflected in the table . purchase orders made in the ordinary course of business are excluded from the table below . any amounts for which we are liable under purchase orders are reflected on the consolidated balance sheets as accounts payable and accrued liabilities . these obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one to 15 years . total purchase commitments are as follows ( dollars in thousands ) : .
|2014|$ 120971|
|2015|54757|
|2016|14840|
|2017|3017|
|2018|2545|
|thereafter|11536|
|total|$ 207666|
the company purchased a total of $ 61.7 million , $ 27.7 million , and $ 28.5 million during the years ended december 31 , 2013 , 2012 , and 2011 , respectively , under these purchase agreements . the increase in purchase commitments in 2014 , compared with 2013 , relates to the acquisition of boise in fourth quarter 2013 . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 1994 through 2013 , remediation costs at the company 2019s mills and corrugated plants totaled approximately $ 3.2 million . at december 31 , 2013 , the company had $ 34.1 million of environmental-related reserves recorded on its consolidated balance sheet . of the $ 34.1 million , approximately $ 26.5 million related to environmental- related asset retirement obligations discussed in note 14 , asset retirement obligations , and $ 7.6 million related to our estimate of other environmental contingencies . the company recorded $ 7.8 million in 201caccrued liabilities 201d and $ 26.3 million in 201cother long-term liabilities 201d on the consolidated balance sheet . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . as of the date of this filing , the company believes that it is not reasonably possible that future environmental expenditures for remediation costs and asset retirement obligations above the $ 34.1 million accrued as of december 31 , 2013 , will have a material impact on its financial condition , results of operations , or cash flows . guarantees and indemnifications we provide guarantees , indemnifications , and other assurances to third parties in the normal course of our business . these include tort indemnifications , environmental assurances , and representations and warranties in commercial agreements . at december 31 , 2013 , we are not aware of any material liabilities arising from any guarantee , indemnification , or financial assurance we have provided . if we determined such a liability was probable and subject to reasonable determination , we would accrue for it at that time. .
Question: in 2015 what was the percent of the purchase commitments of the total purchase commitments
Answer:
|
0.26368
|
in 2015 what was the percent of the purchase commitments of the total purchase commitments
|
{
"options": {
"A": "0.026368",
"B": "0.26368",
"C": "2.6368",
"D": "26.368"
},
"goldenKey": "B"
}
|
{
"A": "0.026368",
"B": "0.26368",
"C": "2.6368",
"D": "26.368"
}
|
B
|
finqa2633
|
Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad that operates in the u.s . our network includes 31898 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26027 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although revenue is analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group : millions 2011 2010 2009 .
|millions|2011|2010|2009|
|agricultural|$ 3324|$ 3018|$ 2666|
|automotive|1510|1271|854|
|chemicals|2815|2425|2102|
|energy|4084|3489|3118|
|industrial products|3166|2639|2147|
|intermodal|3609|3227|2486|
|total freight revenues|$ 18508|$ 16069|$ 13373|
|other revenues|1049|896|770|
|total operatingrevenues|$ 19557|$ 16965|$ 14143|
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . certain prior year amounts have been disaggregated to provide more detail and conform to the current period financial statement presentation . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .
Question: using a three year average , the industrial products was what percent of total revenue?
Answer:
|
0.16584
|
using a three year average , the industrial products was what percent of total revenue?
|
{
"options": {
"A": "16.584%",
"B": "16.5844%",
"C": "0.16584%",
"D": "0.165844%"
},
"goldenKey": "C"
}
|
{
"A": "16.584%",
"B": "16.5844%",
"C": "0.16584%",
"D": "0.165844%"
}
|
C
|
finqa2635
|
Please answer the given financial question based on the context.
Context: related employer payroll tax costs ) . the contributions of these amounts are due by march 15 of the calendar year following the year in which the company realizes the benefits of the deductions . this arrangement has been accounted for as contingent consideration . pre-2009 business combinations were accounted for under a former accounting standard which , among other aspects , precluded the recognition of certain contingent consideration as of the business combination date . instead , under the former accounting standard , contingent consideration is accounted for as additional purchase price ( goodwill ) at the time the contingency is resolved . as of december 31 , 2013 , the company accrued $ 20.9 million related to this arrangement within other current liabilities , as the company realized the tax benefit of the compensation deductions during the 2013 tax year . the company made the related cash contribution during the first quarter of 2014 . 11 . earnings per share the numerator for both basic and diluted earnings per share is net income . the denominator for basic earnings per share is the weighted-average number of common shares outstanding during the period . the 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters' exercise in full of the overallotment option granted to them in connection with the ipo . because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator . such shares are fully reflected in the 2014 denominator . see note 9 for additional discussion of the ipo . the dilutive effect of outstanding restricted stock , restricted stock units , stock options , coworker stock purchase plan units and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method . the following is a reconciliation of basic shares to diluted shares: .
|( in millions )|years ended december 31 , 2014|years ended december 31 , 2013|years ended december 31 , 2012|
|weighted-average shares - basic|170.6|156.6|145.1|
|effect of dilutive securities|2.2|2.1|0.7|
|weighted-average shares - diluted|172.8|158.7|145.8|
there was an insignificant amount of potential common shares excluded from diluted earnings per share for the years ended december 31 , 2014 , 2013 and 2012 , as their inclusion would have had an anti-dilutive effect . 12 . deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan . the total number of rdus that could be granted under the rdu plan was 28500 . as of december 31 , 2014 , 28500 rdus were outstanding . rdus vested daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 . all outstanding rdus were vested as of december 31 , 2014 . participants have no rights to the underlying debt . the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component . the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the "debt pool" ) , together with certain redemption premium equivalents as noted below . the interest component credited the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below . interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates . the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 . in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan . in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes . in addition , the company added $ 0.1 table of contents cdw corporation and subsidiaries notes to consolidated financial statements .
Question: what was the average , in millions , of weighted-average diluted shares from 2012-2014?
Answer:
|
159.1
|
what was the average , in millions , of weighted-average diluted shares from 2012-2014?
|
{
"options": {
"A": "170.6",
"B": "158.7",
"C": "145.8",
"D": "159.1"
},
"goldenKey": "D"
}
|
{
"A": "170.6",
"B": "158.7",
"C": "145.8",
"D": "159.1"
}
|
D
|
finqa2636
|
Please answer the given financial question based on the context.
Context: contributions and future benefit payments we expect to make contributions of $ 28.1 million to our defined benefit , other postretirement , and postemployment benefits plans in fiscal 2009 . actual 2009 contributions could exceed our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities and future changes in government requirements . estimated benefit payments , which reflect expected future service , as appropriate , are expected to be paid from fiscal 2009-2018 as follows : in millions defined benefit pension postretirement benefit plans gross payments medicare subsidy receipts postemployment benefit ......................................................................................................................................................................................... .
|in millions|defined benefit pension plans|other postretirement benefit plans gross payments|medicare subsidy receipts|postemployment benefit plans|
|2009|$ 176.3|$ 56.0|$ -6.1 ( 6.1 )|$ 16.6|
|2010|182.5|59.9|-6.7 ( 6.7 )|17.5|
|2011|189.8|63.3|-7.3 ( 7.3 )|18.1|
|2012|197.5|67.0|-8.0 ( 8.0 )|18.8|
|2013|206.6|71.7|-8.7 ( 8.7 )|19.4|
|2014 2013 2018|1187.3|406.8|-55.3 ( 55.3 )|106.3|
defined contribution plans the general mills savings plan is a defined contribution plan that covers salaried and nonunion employees . it had net assets of $ 2309.9 million as of may 25 , 2008 and $ 2303.0 million as of may 27 , 2007.this plan is a 401 ( k ) savings plan that includes a number of investment funds and an employee stock ownership plan ( esop ) . we sponsor another savings plan for certain hourly employees with net assets of $ 16.0 million as of may 25 , 2008 . our total recognized expense related to defined contribution plans was $ 61.9 million in fiscal 2008 , $ 48.3 million in fiscal 2007 , and $ 45.5 million in fiscal 2006 . the esop originally purchased our common stock principally with funds borrowed from third parties and guaranteed by us.the esop shares are included in net shares outstanding for the purposes of calculating eps . the esop 2019s third-party debt was repaid on june 30 , 2007 . the esop 2019s only assets are our common stock and temporary cash balances.the esop 2019s share of the total defined contribution expense was $ 52.3 million in fiscal 2008 , $ 40.1 million in fiscal 2007 , and $ 37.6 million in fiscal 2006 . the esop 2019s expensewas calculated by the 201cshares allocated 201dmethod . the esop used our common stock to convey benefits to employees and , through increased stock ownership , to further align employee interests with those of stockholders.wematched a percentage of employee contributions to the general mills savings plan with a base match plus a variable year end match that depended on annual results . employees received our match in the form of common stock . our cash contribution to the esop was calculated so as to pay off enough debt to release sufficient shares to make our match . the esop used our cash contributions to the plan , plus the dividends received on the esop 2019s leveraged shares , to make principal and interest payments on the esop 2019s debt . as loan payments were made , shares became unencumbered by debt and were committed to be allocated . the esop allocated shares to individual employee accounts on the basis of the match of employee payroll savings ( contributions ) , plus reinvested dividends received on previously allocated shares . the esop incurred net interest of less than $ 1.0 million in each of fiscal 2007 and 2006 . the esop used dividends of $ 2.5 million in fiscal 2007 and $ 3.9 million in 2006 , along with our contributions of less than $ 1.0 million in each of fiscal 2007 and 2006 to make interest and principal payments . the number of shares of our common stock allocated to participants in the esop was 5.2 million as of may 25 , 2008 , and 5.4 million as of may 27 , 2007 . annual report 2008 81 .
Question: what was the average total recognized expense related to defined contribution plans from 2006 to 2008
Answer:
|
51.9
|
what was the average total recognized expense related to defined contribution plans from 2006 to 2008
|
{
"options": {
"A": "61.9 million",
"B": "48.3 million",
"C": "45.5 million",
"D": "51.9 million"
},
"goldenKey": "D"
}
|
{
"A": "61.9 million",
"B": "48.3 million",
"C": "45.5 million",
"D": "51.9 million"
}
|
D
|
finqa2637
|
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 total pension cost , in millions , from 2004-2006?
Answer:
|
38.9
|
what was the total pension cost , in millions , from 2004-2006?
|
{
"options": {
"A": "13.9",
"B": "12.8",
"C": "12.2",
"D": "38.9"
},
"goldenKey": "D"
}
|
{
"A": "13.9",
"B": "12.8",
"C": "12.2",
"D": "38.9"
}
|
D
|
finqa2638
|
Please answer the given financial question based on the context.
Context: item 1 . business cna financial corporation ( continued ) and possible regulatory limitations , impositions and restrictions arising from the emergency economic stabilization act of 2008 . properties : the 333 s . wabash avenue building , located in chicago , illinois and owned by ccc , a wholly owned subsidiary of cna , serves as the home office for cna and its insurance subsidiaries . cna owns or leases office space in various cities throughout the united states and in other countries . the following table sets forth certain information with respect to the principal office buildings owned or leased by cna : location ( square feet ) principal usage 333 s . wabash avenue 803728 principal executive offices of cna chicago , illinois 401 penn street 171318 property and casualty insurance offices reading , pennsylvania 2405 lucien way 121959 property and casualty insurance offices maitland , florida 40 wall street 107927 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s . phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n . pearl street 70790 property and casualty insurance offices dallas , texas 675 placentia avenue 63538 property and casualty insurance offices brea , california 1249 s . river road 56100 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned . diamond offshore drilling , inc . diamond offshore drilling , inc . ( 201cdiamond offshore 201d ) , is engaged , through its subsidiaries , in the business of owning and operating drilling rigs that are used in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons . diamond offshore owns 47 offshore rigs . diamond offshore accounted for 25.9% ( 25.9 % ) , 26.3% ( 26.3 % ) and 18.3% ( 18.3 % ) of our consolidated total revenue for the years ended december 31 , 2009 , 2008 and 2007 . diamond offshore owns and operates 32 semisubmersible rigs , consisting of 13 high specification and 19 intermediate rigs . semisubmersible rigs consist of an upper working and living deck resting on vertical columns connected to lower hull members . such rigs operate in a 201csemi-submerged 201d position , remaining afloat , off bottom , in a position in which the lower hull is approximately 55 feet to 90 feet below the water line and the upper deck protrudes well above the surface . semisubmersible rigs are typically anchored in position and remain stable for drilling in the semi-submerged floating position due in part to their wave transparency characteristics at the water line . semisubmersible rigs can also be held in position through the use of a computer controlled thruster ( 201cdynamic-positioning 201d ) system to maintain the rig 2019s position over a drillsite . five semisubmersible rigs in diamond offshore 2019s fleet have this capability . diamond offshore 2019s high specification semisubmersible rigs are generally capable of working in water depths of 4000 feet or greater or in harsh environments and have other advanced features , as compared to intermediate semisubmersible rigs . as of january 25 , 2010 , seven of the 13 high specification semisubmersible rigs , including the recently acquired ocean courage , were located in the u.s . gulf of mexico ( 201cgom 201d ) . at that date diamond offshore had two high specification semisubmersible rigs operating offshore brazil , while a third was en route to brazil from the gom . of .
|location|size ( square feet )|principal usage|
|333 s . wabash avenue chicago illinois|803728|principal executive offices of cna|
|401 penn street reading pennsylvania|171318|property and casualty insurance offices|
|2405 lucien way maitland florida|121959|property and casualty insurance offices|
|40 wall street new york new york|107927|property and casualty insurance offices|
|1100 ward avenue honolulu hawaii|104478|property and casualty insurance offices|
|101 s . phillips avenue sioux falls south dakota|83616|property and casualty insurance offices|
|600 n . pearl street dallas texas|70790|property and casualty insurance offices|
|675 placentia avenue brea california|63538|property and casualty insurance offices|
|1249 s . river road cranbury new jersey|56100|property and casualty insurance offices|
|4267 meridian parkway aurora illinois|46903|data center|
item 1 . business cna financial corporation ( continued ) and possible regulatory limitations , impositions and restrictions arising from the emergency economic stabilization act of 2008 . properties : the 333 s . wabash avenue building , located in chicago , illinois and owned by ccc , a wholly owned subsidiary of cna , serves as the home office for cna and its insurance subsidiaries . cna owns or leases office space in various cities throughout the united states and in other countries . the following table sets forth certain information with respect to the principal office buildings owned or leased by cna : location ( square feet ) principal usage 333 s . wabash avenue 803728 principal executive offices of cna chicago , illinois 401 penn street 171318 property and casualty insurance offices reading , pennsylvania 2405 lucien way 121959 property and casualty insurance offices maitland , florida 40 wall street 107927 property and casualty insurance offices new york , new york 1100 ward avenue 104478 property and casualty insurance offices honolulu , hawaii 101 s . phillips avenue 83616 property and casualty insurance offices sioux falls , south dakota 600 n . pearl street 70790 property and casualty insurance offices dallas , texas 675 placentia avenue 63538 property and casualty insurance offices brea , california 1249 s . river road 56100 property and casualty insurance offices cranbury , new jersey 4267 meridian parkway 46903 data center aurora , illinois cna leases its office space described above except for the chicago , illinois building , the reading , pennsylvania building , and the aurora , illinois building , which are owned . diamond offshore drilling , inc . diamond offshore drilling , inc . ( 201cdiamond offshore 201d ) , is engaged , through its subsidiaries , in the business of owning and operating drilling rigs that are used in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons . diamond offshore owns 47 offshore rigs . diamond offshore accounted for 25.9% ( 25.9 % ) , 26.3% ( 26.3 % ) and 18.3% ( 18.3 % ) of our consolidated total revenue for the years ended december 31 , 2009 , 2008 and 2007 . diamond offshore owns and operates 32 semisubmersible rigs , consisting of 13 high specification and 19 intermediate rigs . semisubmersible rigs consist of an upper working and living deck resting on vertical columns connected to lower hull members . such rigs operate in a 201csemi-submerged 201d position , remaining afloat , off bottom , in a position in which the lower hull is approximately 55 feet to 90 feet below the water line and the upper deck protrudes well above the surface . semisubmersible rigs are typically anchored in position and remain stable for drilling in the semi-submerged floating position due in part to their wave transparency characteristics at the water line . semisubmersible rigs can also be held in position through the use of a computer controlled thruster ( 201cdynamic-positioning 201d ) system to maintain the rig 2019s position over a drillsite . five semisubmersible rigs in diamond offshore 2019s fleet have this capability . diamond offshore 2019s high specification semisubmersible rigs are generally capable of working in water depths of 4000 feet or greater or in harsh environments and have other advanced features , as compared to intermediate semisubmersible rigs . as of january 25 , 2010 , seven of the 13 high specification semisubmersible rigs , including the recently acquired ocean courage , were located in the u.s . gulf of mexico ( 201cgom 201d ) . at that date diamond offshore had two high specification semisubmersible rigs operating offshore brazil , while a third was en route to brazil from the gom . of .
Question: what is diamond offshore's total rig count?
Answer:
|
79.0
|
what is diamond offshore's total rig count?
|
{
"options": {
"A": "47",
"B": "32",
"C": "79",
"D": "13"
},
"goldenKey": "C"
}
|
{
"A": "47",
"B": "32",
"C": "79",
"D": "13"
}
|
C
|
finqa2639
|
Please answer the given financial question based on the context.
Context: development of prior year incurred losses was $ 135.6 million unfavorable in 2006 , $ 26.4 million favorable in 2005 and $ 249.4 million unfavorable in 2004 . such losses were the result of the reserve development noted above , as well as inher- ent uncertainty in establishing loss and lae reserves . reserves for asbestos and environmental losses and loss adjustment expenses as of year end 2006 , 7.4% ( 7.4 % ) of reserves reflect an estimate for the company 2019s ultimate liability for a&e claims for which ulti- mate value cannot be estimated using traditional reserving techniques . the company 2019s a&e liabilities stem from mt . mckinley 2019s direct insurance business and everest re 2019s assumed reinsurance business . there are significant uncertainties in estimating the amount of the company 2019s potential losses from a&e claims . see item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014asbestos and environmental exposures 201d and note 3 of notes to consolidated financial statements . mt . mckinley 2019s book of direct a&e exposed insurance is relatively small and homogenous . it also arises from a limited period , effective 1978 to 1984 . the book is based principally on excess liability policies , thereby limiting exposure analysis to a lim- ited number of policies and forms . as a result of this focused structure , the company believes that it is able to comprehen- sively analyze its exposures , allowing it to identify , analyze and actively monitor those claims which have unusual exposure , including policies in which it may be exposed to pay expenses in addition to policy limits or non-products asbestos claims . the company endeavors to be actively engaged with every insured account posing significant potential asbestos exposure to mt . mckinley . such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements . sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments . the company 2019s mt . mckinley operation is currently managing eight sip agreements , three of which were executed prior to the acquisition of mt . mckinley in 2000 . the company 2019s preference with respect to coverage settlements is to exe- cute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty . the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active . those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity . the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders , including those that may not have reported significant a&e losses . everest re 2019s book of assumed reinsurance is relatively concentrated within a modest number of a&e exposed relationships . it also arises from a limited period , effectively 1977 to 1984 . because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities . the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies . this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies . as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention . however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers . this furnished information is not always timely or accurate and can impact the accuracy and timeli- ness of the company 2019s ultimate loss projections . the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the years ended december 31: .
|( dollars in millions )|2006|2005|2004|
|case reserves reported by ceding companies|$ 135.6|$ 125.2|$ 148.5|
|additional case reserves established by the company ( assumed reinsurance ) ( 1 )|152.1|157.6|151.3|
|case reserves established by the company ( direct insurance )|213.7|243.5|272.1|
|incurred but not reported reserves|148.7|123.3|156.4|
|gross reserves|650.1|649.6|728.3|
|reinsurance receivable|-138.7 ( 138.7 )|-199.1 ( 199.1 )|-221.6 ( 221.6 )|
|net reserves|$ 511.4|$ 450.5|$ 506.7|
( 1 ) additional reserves are case specific reserves determined by the company to be needed over and above those reported by the ceding company . 81790fin_a 4/13/07 11:08 am page 15 .
Question: what is the average gross reserves from 2004 to 2006 in millions
Answer:
|
1015.5
|
what is the average gross reserves from 2004 to 2006 in millions
|
{
"options": {
"A": "728.3",
"B": "649.6",
"C": "1015.5",
"D": "506.7"
},
"goldenKey": "C"
}
|
{
"A": "728.3",
"B": "649.6",
"C": "1015.5",
"D": "506.7"
}
|
C
|
finqa2640
|
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 issuances of debt in 2014 and 2013 consisted primarily of longer-maturity commercial paper . issuances of debt in 2012 consisted primarily of senior fixed rate note offerings totaling $ 1.75 billion . repayments of debt in 2014 and 2013 consisted primarily of the maturity of our $ 1.0 and $ 1.75 billion senior fixed rate notes that matured in april 2014 and january 2013 , respectively . the remaining repayments of debt during the 2012 through 2014 time period included paydowns of commercial paper and scheduled principal payments on our capitalized lease obligations . we consider the overall fixed and floating interest rate mix of our portfolio and the related overall cost of borrowing when planning for future issuances and non-scheduled repayments of debt . we had $ 772 million of commercial paper outstanding at december 31 , 2014 , and no commercial paper outstanding at december 31 , 2013 and 2012 . the amount of commercial paper outstanding fluctuates throughout each year based on daily liquidity needs . the average commercial paper balance was $ 1.356 billion and the average interest rate paid was 0.10% ( 0.10 % ) in 2014 ( $ 1.013 billion and 0.07% ( 0.07 % ) in 2013 , and $ 962 million and 0.07% ( 0.07 % ) in 2012 , respectively ) . the variation in cash received from common stock issuances to employees was primarily due to level of stock option exercises in the 2012 through 2014 period . the cash outflows in other financing activities were impacted by several factors . cash inflows ( outflows ) from the premium payments and settlements of capped call options for the purchase of ups class b shares were $ ( 47 ) , $ ( 93 ) and $ 206 million for 2014 , 2013 and 2012 , respectively . cash outflows related to the repurchase of shares to satisfy tax withholding obligations on vested employee stock awards were $ 224 , $ 253 and $ 234 million for 2014 , 2013 and 2012 , respectively . in 2013 , we paid $ 70 million to purchase the noncontrolling interest in a joint venture that operates in the middle east , turkey and portions of the central asia region . in 2012 , we settled several interest rate derivatives that were designated as hedges of the senior fixed-rate debt offerings that year , which resulted in a cash outflow of $ 70 million . sources of credit see note 7 to the audited consolidated financial statements for a discussion of our available credit and debt covenants . guarantees and other off-balance sheet arrangements we do not have guarantees or other off-balance sheet financing arrangements , including variable interest entities , which we believe could have a material impact on financial condition or liquidity . contractual commitments we have contractual obligations and commitments in the form of capital leases , operating leases , debt obligations , purchase commitments , and certain other liabilities . we intend to satisfy these obligations through the use of cash flow from operations . the following table summarizes the expected cash outflow to satisfy our contractual obligations and commitments as of december 31 , 2014 ( in millions ) : .
|commitment type|2015|2016|2017|2018|2019|after 2019|total|
|capital leases|$ 75|$ 74|$ 67|$ 62|$ 59|$ 435|$ 772|
|operating leases|323|257|210|150|90|274|1304|
|debt principal|876|8|377|752|1000|7068|10081|
|debt interest|295|293|293|282|260|4259|5682|
|purchase commitments|269|195|71|19|8|26|588|
|pension fundings|1030|1161|344|347|400|488|3770|
|other liabilities|43|23|10|5|2014|2014|81|
|total|$ 2911|$ 2011|$ 1372|$ 1617|$ 1817|$ 12550|$ 22278|
.
Question: what portion of the total contractual obligations is due in 2015?
Answer:
|
0.13067
|
what portion of the total contractual obligations is due in 2015?
|
{
"options": {
"A": "0.13067",
"B": "0.13068",
"C": "0.13069",
"D": "0.13070"
},
"goldenKey": "A"
}
|
{
"A": "0.13067",
"B": "0.13068",
"C": "0.13069",
"D": "0.13070"
}
|
A
|
finqa2643
|
Please answer the given financial question based on the context.
Context: segment includes awe and our share of earnings for our investment in ula , which provides expendable launch services to the u.s . government . space systems 2019 operating results included the following ( in millions ) : .
||2016|2015|2014|
|net sales|$ 9409|$ 9105|$ 9202|
|operating profit|1289|1171|1187|
|operating margin|13.7% ( 13.7 % )|12.9% ( 12.9 % )|12.9% ( 12.9 % )|
|backlog atyear-end|$ 18900|$ 17400|$ 20300|
2016 compared to 2015 space systems 2019 net sales in 2016 increased $ 304 million , or 3% ( 3 % ) , compared to 2015 . the increase was attributable to net sales of approximately $ 410 million from awe following the consolidation of this business in the third quarter of 2016 ; and approximately $ 150 million for commercial space transportation programs due to increased launch-related activities ; and approximately $ 70 million of higher net sales for various programs ( primarily fleet ballistic missiles ) due to increased volume . these increases were partially offset by a decrease in net sales of approximately $ 340 million for government satellite programs due to decreased volume ( primarily sbirs and muos ) and the wind-down or completion of mission solutions programs . space systems 2019 operating profit in 2016 increased $ 118 million , or 10% ( 10 % ) , compared to 2015 . the increase was primarily attributable to a non-cash , pre-tax gain of approximately $ 127 million related to the consolidation of awe ; and approximately $ 80 million of increased equity earnings from joint ventures ( primarily ula ) . these increases were partially offset by a decrease of approximately $ 105 million for government satellite programs due to lower risk retirements ( primarily sbirs , muos and mission solutions programs ) and decreased volume . adjustments not related to volume , including net profit booking rate adjustments , were approximately $ 185 million lower in 2016 compared to 2015 . 2015 compared to 2014 space systems 2019 net sales in 2015 decreased $ 97 million , or 1% ( 1 % ) , compared to 2014 . the decrease was attributable to approximately $ 335 million lower net sales for government satellite programs due to decreased volume ( primarily aehf ) and the wind-down or completion of mission solutions programs ; and approximately $ 55 million for strategic missile and defense systems due to lower volume . these decreases were partially offset by higher net sales of approximately $ 235 million for businesses acquired in 2014 ; and approximately $ 75 million for the orion program due to increased volume . space systems 2019 operating profit in 2015 decreased $ 16 million , or 1% ( 1 % ) , compared to 2014 . operating profit increased approximately $ 85 million for government satellite programs due primarily to increased risk retirements . this increase was offset by lower operating profit of approximately $ 65 million for commercial satellite programs due to performance matters on certain programs ; and approximately $ 35 million due to decreased equity earnings in joint ventures . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million higher in 2015 compared to 2014 . equity earnings total equity earnings recognized by space systems ( primarily ula ) represented approximately $ 325 million , $ 245 million and $ 280 million , or 25% ( 25 % ) , 21% ( 21 % ) and 24% ( 24 % ) of this business segment 2019s operating profit during 2016 , 2015 and backlog backlog increased in 2016 compared to 2015 primarily due to the addition of awe 2019s backlog . backlog decreased in 2015 compared to 2014 primarily due to lower orders for government satellite programs and the orion program and higher sales on the orion program . trends we expect space systems 2019 2017 net sales to decrease in the mid-single digit percentage range as compared to 2016 , driven by program lifecycles on government satellite programs , partially offset by the recognition of awe net sales for a full year in 2017 versus a partial year in 2016 following the consolidation of awe in the third quarter of 2016 . operating profit .
Question: what is the growth rate for backlog at year-end from 2015 to 2016?
Answer:
|
0.08621
|
what is the growth rate for backlog at year-end from 2015 to 2016?
|
{
"options": {
"A": "0.08621",
"B": "0.09770",
"C": "0.10869",
"D": "0.12018"
},
"goldenKey": "A"
}
|
{
"A": "0.08621",
"B": "0.09770",
"C": "0.10869",
"D": "0.12018"
}
|
A
|
finqa2644
|
Please answer the given financial question based on the context.
Context: consumer lending asset classes home equity and residential real estate loan classes we use several credit quality indicators , including delinquency information , nonperforming loan information , updated credit scores , originated and updated ltv ratios , and geography , to monitor and manage credit risk within the home equity and residential real estate loan classes . we evaluate mortgage loan performance by source originators and loan servicers . a summary of asset quality indicators follows : delinquency/delinquency rates : we monitor trending of delinquency/delinquency rates for home equity and residential real estate loans . see the asset quality section of this note 3 for additional information . nonperforming loans : we monitor trending of nonperforming loans for home equity and residential real estate loans . see the asset quality section of this note 3 for additional information . credit scores : we use a national third-party provider to update fico credit scores for home equity loans and lines of credit and residential real estate loans at least quarterly . the updated scores are incorporated into a series of credit management reports , which are utilized to monitor the risk in the loan classes . ltv ( inclusive of combined loan-to-value ( cltv ) for first and subordinate lien positions ) : at least annually , we update the property values of real estate collateral and calculate an updated ltv ratio . for open-end credit lines secured by real estate in regions experiencing significant declines in property values , more frequent valuations may occur . we examine ltv migration and stratify ltv into categories to monitor the risk in the loan classes . historically , we used , and we continue to use , a combination of original ltv and updated ltv for internal risk management and reporting purposes ( e.g. , line management , loss mitigation strategies ) . in addition to the fact that estimated property values by their nature are estimates , given certain data limitations it is important to note that updated ltvs may be based upon management 2019s assumptions ( e.g. , if an updated ltv is not provided by the third-party service provider , home price index ( hpi ) changes will be incorporated in arriving at management 2019s estimate of updated ltv ) . geography : geographic concentrations are monitored to evaluate and manage exposures . loan purchase programs are sensitive to , and focused within , certain regions to manage geographic exposures and associated risks . a combination of updated fico scores , originated and updated ltv ratios and geographic location assigned to home equity loans and lines of credit and residential real estate loans is used to monitor the risk in the loan classes . loans with higher fico scores and lower ltvs tend to have a lower level of risk . conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk . consumer purchased impaired loan class estimates of the expected cash flows primarily determine the valuation of consumer purchased impaired loans . consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination . these key factors are monitored to help ensure that concentrations of risk are managed and cash flows are maximized . see note 4 purchased loans for additional information . table 63 : home equity and residential real estate balances in millions december 31 december 31 .
|in millions|december 312014|december 31 2013|
|home equity and residential real estate loans 2013 excluding purchased impaired loans ( a )|$ 43348|$ 44376|
|home equity and residential real estate loans 2013 purchased impaired loans ( b )|4541|5548|
|government insured or guaranteed residential real estate mortgages ( a )|1188|1704|
|purchase accounting adjustments 2013 purchased impaired loans|7|-116 ( 116 )|
|total home equity and residential real estate loans ( a )|$ 49084|$ 51512|
( a ) represents recorded investment . ( b ) represents outstanding balance . the pnc financial services group , inc . 2013 form 10-k 133 .
Question: what is the total , in millions , that represents outstanding balances in 2013 and 2014?
Answer:
|
10089.0
|
what is the total , in millions , that represents outstanding balances in 2013 and 2014?
|
{
"options": {
"A": "10089.0",
"B": "51512.0",
"C": "49084.0",
"D": "44376.0"
},
"goldenKey": "A"
}
|
{
"A": "10089.0",
"B": "51512.0",
"C": "49084.0",
"D": "44376.0"
}
|
A
|
finqa2645
|
Please answer the given financial question based on the context.
Context: part iii item 10 . directors and executive officers of the registrant . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as our fiscal year ended september 24 , 2005 regarding the shares of our common stock available for grant or granted under stock option plans that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock split effected on november 30 , 2005 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3841008 $ 7.84 1016520 equity compensation plans not approved by security holders ( 2 ) . . . . . . . . . . . . . . . . . . . . . . 863604 $ 6.44 0 .
|plan category|number of securities to be issued upon exerciseof outstanding options warrants and rights ( a )|weighted-average exercise price of outstanding options warrants and rights ( b )|number of securities remaining available for future issuance under equitycompensation plans ( excluding securities reflected in column ( a ) ) ( c )|
|equity compensation plans approved by security holders ( 1 )|3841008|$ 7.84|1016520|
|equity compensation plans not approved by security holders ( 2 )|863604|$ 6.44|0|
|total|4704612|$ 7.58|1016520|
( 1 ) includes the following plans : 1986 combination stock option plan ; amended and restated 1990 non-employee director stock option plan ; 1995 combination stock option plan ; amended and restated 1999 equity incentive plan ; and 2000 employee stock purchase plan . also includes the following plans which we assumed in connection with our acquisition of fluoroscan imaging systems in 1996 : fluoroscan imaging systems , inc . 1994 amended and restated stock incentive plan and fluoroscan imaging systems , inc . 1995 stock incentive plan . for a description of these plans , please refer to footnote 5 contained in our consolidated financial statements. .
Question: what portion of the total number of issues securities is approved by security holders?
Answer:
|
0.81643
|
what portion of the total number of issues securities is approved by security holders?
|
{
"options": {
"A": "0.81643",
"B": "0.18357",
"C": "0.3841008",
"D": "0.863604"
},
"goldenKey": "A"
}
|
{
"A": "0.81643",
"B": "0.18357",
"C": "0.3841008",
"D": "0.863604"
}
|
A
|
finqa2646
|
Please answer the given financial question based on the context.
Context: u.s . equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year . for u.s . equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager . these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager . commingled equity funds categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year . for commingled equity funds not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager . these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor . fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers or quoted prices of securities with similar characteristics . fixed income investments are categorized 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 . commodities are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the certain commingled equity funds , consisting of equity mutual funds , are valued using the nav.aa thenavaa valuations are based on the underlying investments and typically redeemable within 90 days . private equity funds consist of partnership and co-investment funds . the navaa is based on valuation models of the underlying securities , which includes unobservable inputs that cannot be corroborated using verifiable observable market data . these funds typically have redemption periods between eight and 12 years . real estate funds consist of partnerships , most of which are closed-end funds , for which the navaa is based on valuationmodels and periodic appraisals . these funds typically have redemption periods between eight and 10 years . hedge funds consist of direct hedge funds forwhich thenavaa is generally based on the valuation of the underlying investments . redemptions in hedge funds are based on the specific terms of each fund , and generally range from a minimum of one month to several months . contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . there were no material contributions to our qualified defined benefit pension plans during 2017 . we will make contributions of $ 5.0 billion to our qualified defined benefit pension plans in 2018 , including required and discretionary contributions.as a result of these contributions , we do not expect any material qualified defined benefit cash funding will be required until 2021.we plan to fund these contributions using a mix of cash on hand and commercial paper . while we do not anticipate a need to do so , our capital structure and resources would allow us to issue new debt if circumstances change . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2017 ( in millions ) : .
||2018|2019|2020|2021|2022|2023 2013 2027|
|qualified defined benefit pension plans|$ 2450|$ 2480|$ 2560|$ 2630|$ 2700|$ 14200|
|retiree medical and life insurance plans|180|180|180|180|180|820|
defined contribution plans wemaintain 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 , wematchmost employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 613 million in 2017 , $ 617 million in 2016 and $ 393 million in 2015 , the majority of which were funded using our common stock . our defined contribution plans held approximately 35.5 million and 36.9 million shares of our common stock as of december 31 , 2017 and 2016. .
Question: what is the change in millions of qualified defined benefit pension plans expected payments from 2019 to 2020?
Answer:
|
80.0
|
what is the change in millions of qualified defined benefit pension plans expected payments from 2019 to 2020?
|
{
"options": {
"A": "70.0",
"B": "80.0",
"C": "90.0",
"D": "100.0"
},
"goldenKey": "B"
}
|
{
"A": "70.0",
"B": "80.0",
"C": "90.0",
"D": "100.0"
}
|
B
|
finqa2647
|
Please answer the given financial question based on the context.
Context: economic useful life is the duration of time an asset is expected to be productively employed by us , which may be less than its physical life . assumptions on the following factors , among others , affect the determination of estimated economic useful life : wear and tear , obsolescence , technical standards , contract life , market demand , competitive position , raw material availability , and geographic location . the estimated economic useful life of an asset is monitored to determine its appropriateness , especially in light of changed business circumstances . for example , changes in technology , changes in the estimated future demand for products , or excessive wear and tear may result in a shorter estimated useful life than originally anticipated . in these cases , we would depreciate the remaining net book value over the new estimated remaining life , thereby increasing depreciation expense per year on a prospective basis . likewise , if the estimated useful life is increased , the adjustment to the useful life decreases depreciation expense per year on a prospective basis . we have numerous long-term customer supply contracts , particularly in the gases on-site business within the tonnage gases segment . these contracts principally have initial contract terms of 15 to 20 years . there are also long-term customer supply contracts associated with the tonnage gases business within the electronics and performance materials segment . these contracts principally have initial terms of 10 to 15 years . additionally , we have several customer supply contracts within the equipment and energy segment with contract terms that are primarily five to 10 years . the depreciable lives of assets within this segment can be extended to 20 years for certain redeployable assets . depreciable lives of the production assets related to long-term contracts are matched to the contract lives . extensions to the contract term of supply frequently occur prior to the expiration of the initial term . as contract terms are extended , the depreciable life of the remaining net book value of the production assets is adjusted to match the new contract term , as long as it does not exceed the physical life of the asset . the depreciable lives of production facilities within the merchant gases segment are principally 15 years . customer contracts associated with products produced at these types of facilities typically have a much shorter term . the depreciable lives of production facilities within the electronics and performance materials segment , where there is not an associated long-term supply agreement , range from 10 to 15 years . these depreciable lives have been determined based on historical experience combined with judgment on future assumptions such as technological advances , potential obsolescence , competitors 2019 actions , etc . management monitors its assumptions and may potentially need to adjust depreciable life as circumstances change . a change in the depreciable life by one year for production facilities within the merchant gases and electronics and performance materials segments for which there is not an associated long-term customer supply agreement would impact annual depreciation expense as summarized below : decrease life by 1 year increase life by 1 year .
||decrease lifeby 1 year|increase life by 1 year|
|merchant gases|$ 32|$ -24 ( 24 )|
|electronics and performance materials|$ 12|$ -11 ( 11 )|
impairment of assets plant and equipment plant and equipment held for use is grouped for impairment testing at the lowest level for which there is identifiable cash flows . impairment testing of the asset group occurs whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable . such circumstances would include a significant decrease in the market value of a long-lived asset grouping , a significant adverse change in the manner in which the asset grouping is being used or in its physical condition , a history of operating or cash flow losses associated with the use of the asset grouping , or changes in the expected useful life of the long-lived assets . if such circumstances are determined to exist , an estimate of undiscounted future cash flows produced by that asset group is compared to the carrying value to determine whether impairment exists . if an asset group is determined to be impaired , the loss is measured based on the difference between the asset group 2019s fair value and its carrying value . an estimate of the asset group 2019s fair value is based on the discounted value of its estimated cash flows . assets to be disposed of by sale are reported at the lower of carrying amount or fair value less cost to sell . the assumptions underlying cash flow projections represent management 2019s best estimates at the time of the impairment review . factors that management must estimate include industry and market conditions , sales volume and prices , costs to produce , inflation , etc . changes in key assumptions or actual conditions that differ from estimates could result in an impairment charge . we use reasonable and supportable assumptions when performing .
Question: considering the contract terms of 15 years , what will be the total expense with the depreciation of the merchant gases segment?\\n
Answer:
|
360.0
|
considering the contract terms of 15 years , what will be the total expense with the depreciation of the merchant gases segment?\\n
|
{
"options": {
"A": "32.0",
"B": "24.0",
"C": "360.0",
"D": "11.0"
},
"goldenKey": "C"
}
|
{
"A": "32.0",
"B": "24.0",
"C": "360.0",
"D": "11.0"
}
|
C
|
finqa2648
|
Please answer the given financial question based on the context.
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: .
|( dollars in thousands )|years ended december 31 , 2015|years ended december 31 , 2014|years ended december 31 , 2013|
|interest expense incurred|$ -|$ -|$ 8181|
holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover named storm and earthquake events . the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) . on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) . the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what is the yearly interest incurred by the redeemed amount of junior subordinated debt , in thousands?
Answer:
|
20453.614
|
what is the yearly interest incurred by the redeemed amount of junior subordinated debt , in thousands?
|
{
"options": {
"A": "8181",
"B": "20453.614",
"C": "7282",
"D": "329897"
},
"goldenKey": "B"
}
|
{
"A": "8181",
"B": "20453.614",
"C": "7282",
"D": "329897"
}
|
B
|
finqa2649
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) company is currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions . a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2007 is as follows ( in thousands ) : .
|balance at january 1 2007|$ 183953|
|additions based on tax positions related to the current year|2598|
|additions for tax positions of prior years|5412|
|reductions for tax positions of prior years|-120016 ( 120016 )|
|cash advance in connection with proposed settlement|-6682 ( 6682 )|
|settlements with taxing authorities|-5372 ( 5372 )|
|reductions as a result of the lapse of statute of limitations|-669 ( 669 )|
|balance as of december 31 2007|$ 59224|
during the year ended december 31 , 2007 , the company recorded penalties and tax-related interest income of $ 2.5 million and interest income from tax refunds of $ 1.5 million for the year ended december 31 , 2007 . as of december 31 , 2007 and january 1 , 2007 , the total unrecognized tax benefits included in other long-term liabilities in the consolidated balance sheets was $ 29.6 million and $ 34.3 million , respectively . as of december 31 , 2007 and january 1 , 2007 , the total amount of accrued income tax-related interest and penalties included in other long-term liabilities in the consolidated balance sheets was $ 30.7 million and $ 33.2 million , respectively . in the fourth quarter of 2007 , the company entered into a tax amnesty program with the mexican tax authority . as of december 31 , 2007 , the company had met all of the administrative requirements of the program , which enabled the company to recognize certain tax benefits . this was confirmed by the mexican tax authority on february 5 , 2008 . these benefits include a reduction of uncertain tax benefits of $ 5.4 million along with penalties and interest of $ 12.5 million related to 2002 , all of which reduced income tax expense . in connection with the above program , the company paid $ 6.7 million to the mexican tax authority as a settlement offer for other uncertain tax positions related to 2003 and 2004 . this offer is currently under review by the mexican tax authority ; the company cannot yet determine the specific timing or the amount of any potential settlement . during 2007 , the statute of limitations on certain unrecognized tax benefits lapsed , which resulted in a $ 0.7 million decrease in the liability for uncertain tax benefits , all of which reduced the income tax provision . the company files numerous consolidated and separate income tax returns , including u.s . federal and state tax returns and foreign tax returns in mexico and brazil . as a result of the company 2019s ability to carry forward federal and state net operating losses , the applicable tax years remain open to examination until three years after the applicable loss carryforwards have been used or expired . however , the company has completed u.s . federal income tax examinations for tax years up to and including 2002 . the company is currently undergoing u.s . federal income tax examinations for tax years 2004 and 2005 . additionally , it is subject to examinations in various u.s . state jurisdictions for certain tax years , and is under examination in brazil for the 2001 through 2006 tax years and mexico for the 2002 tax year . sfas no . 109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2007 , the company has provided a valuation allowance of approximately $ 88.2 million , including approximately .
Question: what is the percentage change in he total amount of accrued income tax-related interest and penalties included in other long-term liabilities during 2007?
Answer:
|
-0.0753
|
what is the percentage change in he total amount of accrued income tax-related interest and penalties included in other long-term liabilities during 2007?
|
{
"options": {
"A": "-0.0753%",
"B": "0.0753%",
"C": "-7.53%",
"D": "7.53%"
},
"goldenKey": "A"
}
|
{
"A": "-0.0753%",
"B": "0.0753%",
"C": "-7.53%",
"D": "7.53%"
}
|
A
|
finqa2652
|
Please answer the given financial question based on the context.
Context: consumer foods net sales decreased $ 94 million for the year to $ 6.5 billion . sales volume declined by 1% ( 1 % ) in fiscal 2006 , principally due to declines in certain shelf stable brands . sales of the company 2019s top thirty brands , which represented approximately 83% ( 83 % ) of total segment sales during fiscal 2006 , were flat as a group , as sales of some of the company 2019s most significant brands , including chef boyardee ae , marie callender 2019s ae , orville redenbacher 2019s ae , slim jim ae , hebrew national ae , kid cuisine ae , reddi-wip ae , vancamp ae , libby 2019s ae , lachoy ae , the max ae , manwich ae , david 2019s ae , ro*tel ae , angela mia ae , and mama rosa ae grew in fiscal 2006 , but were largely offset by sales declines for the year for hunt 2019s ae , wesson ae , act ii ae , snack pack ae , swiss miss ae , pam ae , egg beaters ae , blue bonnet ae , parkay ae , and rosarita ae . food and ingredients net sales increased $ 203 million to $ 3.2 billion , primarily reflecting price increases driven by higher input costs for potato , wheat milling , and dehydrated vegetable operations . net sales were also impacted , to a lesser degree , by a 4% ( 4 % ) increase in potato products volume compared to the prior year . trading and merchandising net sales decreased $ 38 million to $ 1.2 billion . the decrease resulted principally from lower grain and edible bean merchandising volume resulting from the divestment or closure of various locations . international foods net sales increased $ 27 million to $ 603 million . the strengthening of foreign currencies relative to the u.s . dollar accounted for $ 24 million of the increase . overall volume growth was modest as the 10% ( 10 % ) volume growth from the top six international brands ( orville redenbacher 2019s ae , act ii ae , snack pack ae , chef boyardee ae , hunt 2019s ae , and pam ae ) , which account for 55% ( 55 % ) of total segment sales , was offset by sales declines related to the discontinuance of a number of low margin products . gross profit ( net sales less cost of goods sold ) ( $ in millions ) reporting segment fiscal 2006 gross profit fiscal 2005 gross profit % ( % ) increase/ ( decrease ) .
|reporting segment|fiscal 2006 gross profit|fiscal 2005 gross profit|% ( % ) increase/ ( decrease )|
|consumer foods|$ 1842|$ 1890|( 3 ) % ( % )|
|food and ingredients|538|512|5% ( 5 % )|
|trading and merchandising|278|282|( 1 ) % ( % )|
|international foods|165|150|10% ( 10 % )|
|total|$ 2823|$ 2834|2014% ( 2014 % )|
the company 2019s gross profit for fiscal 2006 was $ 2.8 billion , a decrease of $ 11 million from the prior year , as improvements in the foods and ingredients and international foods segments were more than offset by declines in the consumer foods and trading and merchandising segments . gross profit includes $ 20 million of costs associated with the company 2019s restructuring plans in fiscal 2006 , and $ 17 million of costs incurred to implement the company 2019s operational efficiency initiatives in fiscal 2005 . consumer foods gross profit for fiscal 2006 was $ 1.8 billion , a decrease of $ 48 million from fiscal 2005 , driven principally by a 2% ( 2 % ) decline in sales volumes . fiscal 2006 gross profit includes $ 20 million of costs related to the company 2019s restructuring plan , and fiscal 2005 gross profit includes $ 16 million of costs related to implementing the company 2019s operational efficiency initiatives . gross profit was negatively impacted by increased costs of fuel and energy , transportation and warehousing , steel , and other packaging materials in both fiscal 2006 and 2005 . food and ingredients gross profit for fiscal 2006 was $ 538 million , an increase of $ 26 million over the prior year . the gross profit improvement was driven almost entirely by the vegetable processing and dehydration businesses ( including potatoes , garlic , onions , and chili peppers ) as a result of higher volume ( both domestic and export ) , increased value-added sales mix and pricing improvements partially offset by higher raw product and conversion costs. .
Question: what percentage of total gross profit was due to food and ingredients in fiscal 2005?
Answer:
|
0.18066
|
what percentage of total gross profit was due to food and ingredients in fiscal 2005?
|
{
"options": {
"A": "18.066%",
"B": "1.8066%",
"C": "0.18066%",
"D": "0.018066%"
},
"goldenKey": "C"
}
|
{
"A": "18.066%",
"B": "1.8066%",
"C": "0.18066%",
"D": "0.018066%"
}
|
C
|
finqa2653
|
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: at december 31 , 2015 , what percent of the environmental-related reserves related to environmental-related asset retirement obligations ?
Answer:
|
0.65021
|
at december 31 , 2015 , what percent of the environmental-related reserves related to environmental-related asset retirement obligations ?
|
{
"options": {
"A": "0.65021",
"B": "0.51429",
"C": "0.725",
"D": "0.825"
},
"goldenKey": "A"
}
|
{
"A": "0.65021",
"B": "0.51429",
"C": "0.725",
"D": "0.825"
}
|
A
|
finqa2655
|
Please answer the given financial question based on the context.
Context: table of contents other areas in which we do business . depending on the scope of such regulation , certain of our facilities and operations , or the operations of our suppliers , may be subject to additional operating and other permit requirements , potentially resulting in increased operating costs . future regulatory developments future regulatory developments and actions could affect operations and increase operating costs for the airline industry , including our airline subsidiaries . see part i , item 1a . risk factors 2013 201cif we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and , at some airports , adequate slots , we may be unable to operate our existing flight schedule and to expand or change our route network in the future , which may have a material adverse impact on our operations , 201d 201cour business is subject to extensive government regulation , which may result in increases in our costs , disruptions to our operations , limits on our operating flexibility , reductions in the demand for air travel , and competitive disadvantages 201d and 201cwe are subject to many forms of environmental regulation and may incur substantial costs as a result 201d for additional information . employees and labor relations the airline business is labor intensive . in 2015 , salaries , wages and benefits were our largest expenses and represented approximately 31% ( 31 % ) of our operating expenses . the table below presents our approximate number of active full-time equivalent employees as of december 31 , 2015 . mainline operations wholly-owned regional carriers total .
||mainline operations|wholly-owned regional carriers|total|
|pilots and flight crew training instructors|13100|3200|16300|
|flight attendants|24100|1900|26000|
|maintenance personnel|14400|1800|16200|
|fleet service personnel|16100|3200|19300|
|passenger service personnel|16500|7100|23600|
|administrative and other|14700|2400|17100|
|total|98900|19600|118500|
.
Question: what is the percent of the mainline operations full-time equivalent employees to the total number of full-time equivalent employees
Answer:
|
0.8346
|
what is the percent of the mainline operations full-time equivalent employees to the total number of full-time equivalent employees
|
{
"options": {
"A": "0.8346",
"B": "0.1665",
"C": "0.834",
"D": "0.166"
},
"goldenKey": "A"
}
|
{
"A": "0.8346",
"B": "0.1665",
"C": "0.834",
"D": "0.166"
}
|
A
|
finqa2656
|
Please answer the given financial question based on the context.
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . .
||u.s .|canada|total|
|proved undeveloped reserves as of december 31 2014|305|384|689|
|extensions and discoveries|13|11|24|
|revisions due to prices|-115 ( 115 )|80|-35 ( 35 )|
|revisions other than price|-40 ( 40 )|-80 ( 80 )|-120 ( 120 )|
|conversion to proved developed reserves|-88 ( 88 )|-94 ( 94 )|-182 ( 182 )|
|proved undeveloped reserves as of december 31 2015|75|301|376|
proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Question: as of december 31 2014 what was the percent of the proved undeveloped reserves in the us
Answer:
|
0.44267
|
as of december 31 2014 what was the percent of the proved undeveloped reserves in the us
|
{
"options": {
"A": "0.44267",
"B": "0.55733",
"C": "0.55533",
"D": "0.44467"
},
"goldenKey": "A"
}
|
{
"A": "0.44267",
"B": "0.55733",
"C": "0.55533",
"D": "0.44467"
}
|
A
|
finqa2657
|
Please answer the given financial question based on the context.
Context: 23t . rowe price group | annual report 2013 contractual obligations the following table presents a summary of our future obligations ( in millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2013 . other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees . because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations . the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2014 and future years . the information also excludes the $ 4.8 million of uncertain tax positions discussed in note 8 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. .
||total|2014|2015-16|2017-18|later|
|noncancelable operating leases|$ 124|$ 32|$ 57|$ 25|$ 10|
|other purchase commitments|149|108|34|7|2014|
|total|$ 273|$ 140|$ 91|$ 32|$ 10|
we also have outstanding commitments to fund additional contributions to investment partnerships totaling $ 40.7 million at december 31 , 2013 . the vast majority of these additional contributions will be made to investment partnerships in which we have an existing investment . in addition to such amounts , a percentage of prior distributions may be called under certain circumstances . in january 2014 , we renewed and extended our operating lease at our corporate headquarters in baltimore , maryland through 2027 . this lease agreement increases the above disclosed total noncancelable operating lease commitments by an additional $ 133.0 million , the vast majority of which will be paid after 2018 . critical accounting policies the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives . further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our consolidated balance sheets , the revenues and expenses in our consolidated statements of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements . making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time . accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes . we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2013 annual report . in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements . other-than-temporary impairments of available-for-sale securities . we generally classify our investment holdings in sponsored funds as available-for-sale if we are not deemed to a have a controlling financial interest . at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the consolidated statements of comprehensive income . we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary . in determining whether a mutual fund holding is other-than-temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value . subject to the other considerations noted above , we believe a fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other-than-temporary impairment . we may also recognize an other-than-temporary loss of less than six months in our consolidated statements of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible. .
Question: taking into account the renewal of the lease on corporate headquarters what would be the total contractual obligations due after 2018 in millions?
Answer:
|
143.0
|
taking into account the renewal of the lease on corporate headquarters what would be the total contractual obligations due after 2018 in millions?
|
{
"options": {
"A": "32",
"B": "57",
"C": "133.0",
"D": "143.0"
},
"goldenKey": "D"
}
|
{
"A": "32",
"B": "57",
"C": "133.0",
"D": "143.0"
}
|
D
|
finqa2658
|
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 is the total number of common shares outstanding at the end of the year 2015 , ( in millions ) ?
Answer:
|
40252.26
|
what is the total number of common shares outstanding at the end of the year 2015 , ( in millions ) ?
|
{
"options": {
"A": "40252.26",
"B": "45366",
"C": "47369",
"D": "3475"
},
"goldenKey": "A"
}
|
{
"A": "40252.26",
"B": "45366",
"C": "47369",
"D": "3475"
}
|
A
|
finqa2659
|
Please answer the given financial question based on the context.
Context: commodity prices risk : certain commodities the company uses in the production of its products are exposed to market price risks . 3m manages commodity price risks through negotiated supply contracts , price protection agreements and forward physical contracts . the company uses commodity price swaps relative to natural gas as cash flow hedges of forecasted transactions to manage price volatility . generally , the length of time over which 3m hedges its exposure to the variability in future cash flows for its forecasted natural gas transactions is 12 months . 3m also enters into commodity price swaps that are not designated in hedge relationships to offset , in part , the impacts of fluctuations in costs associated with the use of certain precious metals . the dollar equivalent gross notional amount of the company 2019s natural gas commodity price swaps designated as cash flow hedges and precious metal commodity price swaps not designated in hedge relationships were $ 19 million and $ 2 million , respectively , at december 31 , 2013 . value at risk : the value at risk analysis is performed annually . a monte carlo simulation technique was used to test the company 2019s exposure to changes in currency rates , interest rates , and commodity prices and assess the risk of loss or benefit in after- tax earnings of financial instruments ( primarily debt ) , derivatives and underlying exposures outstanding at december 31 , 2013 . the model ( third-party bank dataset ) used a 95 percent confidence level over a 12-month time horizon . the exposure to changes in currency rates model used 18 currencies , interest rates related to four currencies , and commodity prices related to five commodities . this model does not purport to represent what actually will be experienced by the company . this model does not include certain hedge transactions , because the company believes their inclusion would not materially impact the results . foreign exchange rate risk of loss or benefit increased in 2013 , primarily due to increases in exposures , which is one of the key drivers in the valuation model . interest rate volatility remained stable in 2013 because interest rates are currently very low and are projected to remain low , based on forward rates . the following table summarizes the possible adverse and positive impacts to after-tax earnings related to these exposures . adverse impact on after-tax earnings positive impact on after-tax earnings .
|( millions )|adverse impact on after-tax earnings 2013|adverse impact on after-tax earnings 2012|adverse impact on after-tax earnings 2013|2012|
|foreign exchange rates|$ -111 ( 111 )|$ -97 ( 97 )|$ 119|$ 105|
|interest rates|-2 ( 2 )|-2 ( 2 )|1|1|
|commodity prices|-2 ( 2 )|-9 ( 9 )|3|7|
in addition to the possible adverse and positive impacts discussed in the preceding table related to foreign exchange rates , recent historical information is as follows . 3m estimates that year-on-year currency effects , including hedging impacts , had the following effects on net income attributable to 3m : 2013 ( $ 74 million decrease ) and 2012 ( $ 103 million decrease ) . this estimate includes the effect of translating profits from local currencies into u.s . dollars ; the impact of currency fluctuations on the transfer of goods between 3m operations in the united states and abroad ; and transaction gains and losses , including derivative instruments designed to reduce foreign currency exchange rate risks and the negative impact of swapping venezuelan bolivars into u.s . dollars . 3m estimates that year-on-year derivative and other transaction gains and losses had the following effects on net income attributable to 3m : 2013 ( $ 12 million decrease ) and 2012 ( $ 49 million increase ) . an analysis of the global exposures related to purchased components and materials is performed at each year-end . a one percent price change would result in a pre-tax cost or savings of approximately $ 76 million per year . the global energy exposure is such that a 10 percent price change would result in a pre-tax cost or savings of approximately $ 45 million per .
Question: \\nwhat was ratio of the estimates of the year-on-year derivative and other transaction gains and losses 2012 to 2013
Answer:
|
4.08333
|
\\nwhat was ratio of the estimates of the year-on-year derivative and other transaction gains and losses 2012 to 2013
|
{
"options": {
"A": "1.08333",
"B": "2.08333",
"C": "3.08333",
"D": "4.08333"
},
"goldenKey": "D"
}
|
{
"A": "1.08333",
"B": "2.08333",
"C": "3.08333",
"D": "4.08333"
}
|
D
|
finqa2661
|
Please answer the given financial question based on the context.
Context: there were no options granted in excess of market value in 2011 , 2010 or 2009 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 33775543 at december 31 , 2011 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 35304422 shares at december 31 , 2011 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2011 , we issued 731336 shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2011 , 2010 and 2009 include 27090 , 29040 , and 39552 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant . incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant . the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period . the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards . restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months . beginning in 2011 , we incorporated two changes to certain awards under our existing long-term incentive compensation programs . first , for certain grants of incentive performance units , the future payout amount will be subject to a negative annual adjustment if pnc fails to meet certain risk-related performance metrics . this adjustment is in addition to the existing financial performance metrics relative to our peers . these grants have a three-year performance period and are payable in either stock or a combination of stock and cash . second , performance-based restricted share units ( performance rsus ) were granted in 2011 to certain of our executives in lieu of stock options . these performance rsus ( which are payable solely in stock ) have a service condition , an internal risk-related performance condition , and an external market condition . satisfaction of the performance condition is based on four independent one-year performance periods . the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2011 , 2010 and 2009 was $ 63.25 , $ 54.59 and $ 41.16 per share , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair .
|shares in thousands december 31 2010|nonvested incentive/ performance unit shares 363|weighted- average grant date fair value $ 56.40|nonvested restricted stock/ unit shares 2250|weighted- average grant date fair value $ 49.95|
|granted|623|64.21|1059|62.68|
|vested|-156 ( 156 )|59.54|-706 ( 706 )|51.27|
|forfeited|||-91 ( 91 )|52.24|
|december 31 2011|830|$ 61.68|2512|$ 54.87|
in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash . at december 31 , 2011 , there was $ 61 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans . this cost is expected to be recognized as expense over a period of no longer than five years . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2011 , 2010 and 2009 was approximately $ 52 million , $ 39 million and $ 47 million , respectively . liability awards we grant annually cash-payable restricted share units to certain executives . the grants were made primarily as part of an annual bonus incentive deferral plan . while there are time- based and service-related vesting criteria , there are no market or performance criteria associated with these awards . compensation expense recognized related to these awards was recorded in prior periods as part of annual cash bonus criteria . as of december 31 , 2011 , there were 753203 of these cash- payable restricted share units outstanding . 174 the pnc financial services group , inc . 2013 form 10-k .
Question: as of december 31 2011 , what were total non-vest iso's and restricted share units , in thousands?
Answer:
|
3342.0
|
as of december 31 2011 , what were total non-vest iso's and restricted share units , in thousands?
|
{
"options": {
"A": "363",
"B": "830",
"C": "2512",
"D": "3342"
},
"goldenKey": "D"
}
|
{
"A": "363",
"B": "830",
"C": "2512",
"D": "3342"
}
|
D
|
finqa2662
|
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: increased license costs are how much of the total year over year cost increases?
Answer:
|
0.22059
|
increased license costs are how much of the total year over year cost increases?
|
{
"options": {
"A": "0.22059",
"B": "0.20196",
"C": "0.18333",
"D": "0.16569"
},
"goldenKey": "A"
}
|
{
"A": "0.22059",
"B": "0.20196",
"C": "0.18333",
"D": "0.16569"
}
|
A
|
finqa2664
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2016 annual report 35 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2011 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2011 2012 2013 2014 2015 2016 .
|december 31 ( in dollars )|2011|2012|2013|2014|2015|2016|
|jpmorgan chase|$ 100.00|$ 136.18|$ 186.17|$ 204.57|$ 221.68|$ 298.31|
|kbw bank index|100.00|133.03|183.26|200.42|201.40|258.82|
|s&p financial index|100.00|128.75|174.57|201.06|197.92|242.94|
|s&p 500 index|100.00|115.99|153.55|174.55|176.95|198.10|
december 31 , ( in dollars ) .
Question: what was the 5 year return of jpmorgan chase's stock?
Answer:
|
1.9831
|
what was the 5 year return of jpmorgan chase's stock?
|
{
"options": {
"A": "1.3618",
"B": "1.8617",
"C": "2.2168",
"D": "1.9831"
},
"goldenKey": "D"
}
|
{
"A": "1.3618",
"B": "1.8617",
"C": "2.2168",
"D": "1.9831"
}
|
D
|
finqa2665
|
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 growth in allowance for other funds used during construction from 2013 to 2014
Answer:
|
-0.44444
|
what was the growth in allowance for other funds used during construction from 2013 to 2014
|
{
"options": {
"A": "-0.44444",
"B": "0.44444",
"C": "0.33333",
"D": "-0.33333"
},
"goldenKey": "A"
}
|
{
"A": "-0.44444",
"B": "0.44444",
"C": "0.33333",
"D": "-0.33333"
}
|
A
|
finqa2666
|
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 is the total cash spent to purchase back all shares in 2006?
Answer:
|
86253771.42
|
what is the total cash spent to purchase back all shares in 2006?
|
{
"options": {
"A": "86253771.42",
"B": "1739338",
"C": "2013",
"D": "49.59"
},
"goldenKey": "A"
}
|
{
"A": "86253771.42",
"B": "1739338",
"C": "2013",
"D": "49.59"
}
|
A
|
finqa2667
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) the effect of foreign exchange rate changes on cash , cash equivalents and restricted cash included in the consolidated statements of cash flows resulted in an increase of $ 11.6 in 2016 , primarily a result of the brazilian real strengthening against the u.s . dollar as of december 31 , 2016 compared to december 31 , 2015. .
|balance sheet data|december 31 , 2017|december 31 , 2016|
|cash cash equivalents and marketable securities|$ 791.0|$ 1100.6|
|short-term borrowings|$ 84.9|$ 85.7|
|current portion of long-term debt|2.0|323.9|
|long-term debt|1285.6|1280.7|
|total debt|$ 1372.5|$ 1690.3|
liquidity outlook we expect our cash flow from operations and existing cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility , uncommitted lines of credit and a commercial paper program available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit ratings , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity , or continue to access existing sources of liquidity , on commercially reasonable terms , or at all . funding requirements our most significant funding requirements include our operations , non-cancelable operating lease obligations , capital expenditures , acquisitions , common stock dividends , taxes and debt service . additionally , we may be required to make payments to minority shareholders in certain subsidiaries if they exercise their options to sell us their equity interests . notable funding requirements include : 2022 debt service 2013 as of december 31 , 2017 , we had outstanding short-term borrowings of $ 84.9 from our uncommitted lines of credit used primarily to fund seasonal working capital needs . the remainder of our debt is primarily long-term , with maturities scheduled through 2024 . see the table below for the maturity schedule of our long-term debt . 2022 acquisitions 2013 we paid cash of $ 29.7 , net of cash acquired of $ 7.1 , for acquisitions completed in 2017 . we also paid $ 0.9 in up-front payments and $ 100.8 in deferred payments for prior-year acquisitions as well as ownership increases in our consolidated subsidiaries . in addition to potential cash expenditures for new acquisitions , we expect to pay approximately $ 42.0 in 2018 related to prior acquisitions . we may also be required to pay approximately $ 33.0 in 2018 related to put options held by minority shareholders if exercised . we will continue to evaluate strategic opportunities to grow and continue to strengthen our market position , particularly in our digital and marketing services offerings , and to expand our presence in high-growth and key strategic world markets . 2022 dividends 2013 during 2017 , we paid four quarterly cash dividends of $ 0.18 per share on our common stock , which corresponded to aggregate dividend payments of $ 280.3 . on february 14 , 2018 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.21 per share , payable on march 15 , 2018 to holders of record as of the close of business on march 1 , 2018 . assuming we pay a quarterly dividend of $ 0.21 per share and there is no significant change in the number of outstanding shares as of december 31 , 2017 , we would expect to pay approximately $ 320.0 over the next twelve months. .
Question: what are the total current liabilities at the end of 2017?
Answer:
|
86.9
|
what are the total current liabilities at the end of 2017?
|
{
"options": {
"A": "791.0",
"B": "85.7",
"C": "2.0",
"D": "86.9"
},
"goldenKey": "D"
}
|
{
"A": "791.0",
"B": "85.7",
"C": "2.0",
"D": "86.9"
}
|
D
|
finqa2668
|
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 is the ratio of total cash to total long-term debt?
Answer:
|
0.02336
|
what is the ratio of total cash to total long-term debt?
|
{
"options": {
"A": "0.02336",
"B": "0.02285",
"C": "0.02412",
"D": "0.02197"
},
"goldenKey": "A"
}
|
{
"A": "0.02336",
"B": "0.02285",
"C": "0.02412",
"D": "0.02197"
}
|
A
|
finqa2669
|
Please answer the given financial question based on the context.
Context: amount of commitment expiration per period other commercial commitments after millions total 2013 2014 2015 2016 2017 2017 .
|other commercial commitmentsmillions|total|amount of commitment expiration per period 2013|amount of commitment expiration per period 2014|amount of commitment expiration per period 2015|amount of commitment expiration per period 2016|amount of commitment expiration per period 2017|amount of commitment expiration per period after 2017|
|credit facilities [a]|$ 1800|$ -|$ -|$ 1800|$ -|$ -|$ -|
|receivables securitization facility [b]|600|600|-|-|-|-|-|
|guarantees [c]|307|8|214|12|30|10|33|
|standby letters of credit [d]|25|24|1|-|-|-|-|
|total commercialcommitments|$ 2732|$ 632|$ 215|$ 1812|$ 30|$ 10|$ 33|
[a] none of the credit facility was used as of december 31 , 2012 . [b] $ 100 million of the receivables securitization facility was utilized at december 31 , 2012 , which is accounted for as debt . the full program matures in july 2013 . [c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2012 . off-balance sheet arrangements guarantees 2013 at december 31 , 2012 , we were contingently liable for $ 307 million in guarantees . we have recorded a liability of $ 2 million for the fair value of these obligations as of december 31 , 2012 and 2011 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . other matters labor agreements 2013 approximately 86% ( 86 % ) of our 45928 full-time-equivalent employees are represented by 14 major rail unions . during the year , we concluded the most recent round of negotiations , which began in 2010 , with the ratification of new agreements by several unions that continued negotiating into 2012 . all of the unions executed similar multi-year agreements that provide for higher employee cost sharing of employee health and welfare benefits and higher wages . the current agreements will remain in effect until renegotiated under provisions of the railway labor act . the next round of negotiations will begin in early 2015 . inflation 2013 long periods of inflation significantly increase asset replacement costs for capital-intensive companies . as a result , assuming that we replace all operating assets at current price levels , depreciation charges ( on an inflation-adjusted basis ) would be substantially greater than historically reported amounts . derivative financial instruments 2013 we may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2012 and 2011 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities. .
Question: without the receivables securitization facility in 2012 , what would total commitments have been , in millions?\\n
Answer:
|
2632.0
|
without the receivables securitization facility in 2012 , what would total commitments have been , in millions?\\n
|
{
"options": {
"A": "632",
"B": "215",
"C": "1812",
"D": "2632"
},
"goldenKey": "D"
}
|
{
"A": "632",
"B": "215",
"C": "1812",
"D": "2632"
}
|
D
|
finqa2670
|
Please answer the given financial question based on the context.
Context: cash and cash equivalents cash equivalents include highly-liquid investments with a maturity of three months or less when purchased . accounts receivable and allowance for doubtful accounts accounts receivable are carried at the invoiced amounts , less an allowance for doubtful accounts , and generally do not bear interest . the company estimates the balance of allowance for doubtful accounts by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates . the company 2019s estimates include separately providing for customer receivables based on specific circumstances and credit conditions , and when it is deemed probable that the balance is uncollectible . account balances are written off against the allowance when it is determined the receivable will not be recovered . the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped of $ 15 million , $ 14 million and $ 15 million as of december 31 , 2017 , 2016 , and 2015 , respectively . returns and credit activity is recorded directly to sales as a reduction . the following table summarizes the activity in the allowance for doubtful accounts: .
|( millions )|2017|2016|2015|
|beginning balance|$ 67.6|$ 75.3|$ 77.5|
|bad debt expense|17.1|20.1|25.8|
|write-offs|-15.7 ( 15.7 )|-24.6 ( 24.6 )|-21.9 ( 21.9 )|
|other ( a )|2.5|-3.2 ( 3.2 )|-6.1 ( 6.1 )|
|ending balance|$ 71.5|$ 67.6|$ 75.3|
( a ) other amounts are primarily the effects of changes in currency translations and the impact of allowance for returns and credits . inventory valuations inventories are valued at the lower of cost or net realizable value . certain u.s . inventory costs are determined on a last-in , first-out ( 201clifo 201d ) basis . lifo inventories represented 39% ( 39 % ) and 40% ( 40 % ) of consolidated inventories as of december 31 , 2017 and 2016 , respectively . all other inventory costs are determined using either the average cost or first-in , first-out ( 201cfifo 201d ) methods . inventory values at fifo , as shown in note 5 , approximate replacement cost . property , plant and equipment property , plant and equipment assets are stated at cost . merchandising and customer equipment consists principally of various dispensing systems for the company 2019s cleaning and sanitizing products , dishwashing machines and process control and monitoring equipment . certain dispensing systems capitalized by the company are accounted for on a mass asset basis , whereby equipment is capitalized and depreciated as a group and written off when fully depreciated . the company capitalizes both internal and external costs of development or purchase of computer software for internal use . costs incurred for data conversion , training and maintenance associated with capitalized software are expensed as incurred . expenditures for major renewals and improvements , which significantly extend the useful lives of existing plant and equipment , are capitalized and depreciated . expenditures for repairs and maintenance are charged to expense as incurred . upon retirement or disposition of plant and equipment , the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income . depreciation is charged to operations using the straight-line method over the assets 2019 estimated useful lives ranging from 5 to 40 years for buildings and leasehold improvements , 3 to 20 years for machinery and equipment , 3 to 15 years for merchandising and customer equipment and 3 to 7 years for capitalized software . the straight-line method of depreciation reflects an appropriate allocation of the cost of the assets to earnings in proportion to the amount of economic benefits obtained by the company in each reporting period . depreciation expense was $ 586 million , $ 561 million and $ 560 million for 2017 , 2016 and 2015 , respectively. .
Question: what is the net change in the balance of allowance for doubtful accounts from 2016 to 2017?
Answer:
|
3.9
|
what is the net change in the balance of allowance for doubtful accounts from 2016 to 2017?
|
{
"options": {
"A": "3.2",
"B": "3.9",
"C": "4.3",
"D": "4.7"
},
"goldenKey": "B"
}
|
{
"A": "3.2",
"B": "3.9",
"C": "4.3",
"D": "4.7"
}
|
B
|
finqa2671
|
Please answer the given financial question based on the context.
Context: l iquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements . we expect this trend to continue in the future . the company's cash and cash equivalents decreased to $ 65565 at june 30 , 2008 from $ 88617 at june 30 , 2007 . the following table summarizes net cash from operating activities in the statement of cash flows : year ended june 30 cash provided by operations increased $ 6754 to $ 181001 for the fiscal year ended june 30 , 2008 as compared to $ 174247 for the fiscal year ended june 30 , 2007 . this increase is primarily attributable to an increase in expenses that do not have a corresponding cash outflow , such as depreciation and amortization , as a percentage of total net income . cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions . during fiscal 2007 , payments for acquisitions totaled $ 34006 , plus $ 5301 paid on earn-outs and other acquisition adjustments . capital expenditures for fiscal 2008 were $ 31105 compared to $ 34202 for fiscal 2007 . cash used for software development in fiscal 2008 was $ 23736 compared to $ 20743 during the prior year . net cash used in financing activities for the current fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises . during fiscal 2007 , net cash used in financing activities included the repurchase of our common stock for $ 98413 and the payment of dividends of $ 21685 . as in the current year , cash used in fiscal 2007 was partially offset by proceeds from the exercise of stock options and the sale of common stock of $ 29212 , $ 4640 excess tax benefits from stock option exercises and $ 19388 net borrowings on revolving credit facilities . at june 30 , 2008 , the company had negative working capital of $ 11418 ; however , the largest component of current liabilities was deferred revenue of $ 212375 . the cash outlay necessary to provide the services related to these deferred revenues is significantly less than this recorded balance . therefore , we do not anticipate any liquidity problems to result from this condition . u.s . financial markets and many of the largest u.s . financial institutions have recently been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities . while we believe it is too early to predict what effect , if any , these developments may have , we have not experienced any significant issues with our current collec- tion efforts , and we believe that any future impact to our liquidity would be minimized by our access to available lines of credit . 2008 2007 2006 .
|2007|year ended june 30 2008 2007|year ended june 30 2008 2007|year ended june 30 2008|
|net income|$ 104222|$ 104681|$ 89923|
|non-cash expenses|70420|56348|52788|
|change in receivables|-2913 ( 2913 )|-28853 ( 28853 )|30413|
|change in deferred revenue|5100|24576|10561|
|change in other assets and liabilities|4172|17495|-14247 ( 14247 )|
|net cash from operating activities|$ 181001|$ 174247|$ 169438|
.
Question: in fiscal 2008 , what percentage of net cash for investment activities came from payments for acquisitions?
Answer:
|
0.47097
|
in fiscal 2008 , what percentage of net cash for investment activities came from payments for acquisitions?
|
{
"options": {
"A": "0.47097",
"B": "0.23548",
"C": "0.70545",
"D": "0.94194"
},
"goldenKey": "A"
}
|
{
"A": "0.47097",
"B": "0.23548",
"C": "0.70545",
"D": "0.94194"
}
|
A
|
finqa2674
|
Please answer the given financial question based on the context.
Context: z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 4 f o r m 1 0 - k contractual obligations the company has entered into contracts with various third parties in the normal course of business which will require future payments . the following table illustrates the company 2019s contractual obligations : 2006 2008 2010 and and and contractual obligations total 2005 2007 2009 thereafter .
|contractual obligations|total|2005|2006 and 2007|2008 and 2009|2010 and thereafter|
|debt obligations|$ 651.5|$ 27.5|$ 449.0|$ 175.0|$ 2013|
|operating leases|103.0|23.5|34.2|17.7|27.6|
|purchase obligations|16.1|15.5|0.6|2013|2013|
|other long-term liabilities|420.9|2013|135.7|30.5|254.7|
|total contractual obligations|$ 1191.5|$ 66.5|$ 619.5|$ 223.2|$ 282.3|
critical accounting estimates the financial results of the company are affected by the adequate provisions exist for income taxes for all periods and selection and application of accounting policies and methods . jurisdictions subject to review or audit . significant accounting policies which require management 2019s commitments and contingencies 2013 accruals for judgment are discussed below . product liability and other claims are established with excess inventory and instruments 2013 the company internal and external legal counsel based on current must determine as of each balance sheet date how much , if information and historical settlement information for claims , any , of its inventory may ultimately prove to be unsaleable or related fees and for claims incurred but not reported . an unsaleable at its carrying cost . similarly , the company must actuarial model is used by the company to assist also determine if instruments on hand will be put to management in determining an appropriate level of accruals productive use or remain undeployed as a result of excess for product liability claims . historical patterns of claim loss supply . reserves are established to effectively adjust development over time are statistically analyzed to arrive at inventory and instruments to net realizable value . to factors which are then applied to loss estimates in the determine the appropriate level of reserves , the company actuarial model . the amounts established represent evaluates current stock levels in relation to historical and management 2019s best estimate of the ultimate costs that it will expected patterns of demand for all of its products and incur under the various contingencies . instrument systems and components . the basis for the goodwill and intangible assets 2013 the company determination is generally the same for all inventory and evaluates the carrying value of goodwill and indefinite life instrument items and categories except for work-in-progress intangible assets annually , or whenever events or inventory , which is recorded at cost . obsolete or circumstances indicate the carrying value may not be discontinued items are generally destroyed and completely recoverable . the company evaluates the carrying value of written off . management evaluates the need for changes to finite life intangible assets whenever events or circumstances valuation reserves based on market conditions , competitive indicate the carrying value may not be recoverable . offerings and other factors on a regular basis . significant assumptions are required to estimate the fair income taxes 2013 the company estimates income tax value of goodwill and intangible assets , most notably expense and income tax liabilities and assets by taxable estimated future cash flows generated by these assets . jurisdiction . realization of deferred tax assets in each taxable changes to these assumptions could result in the company jurisdiction is dependent on the company 2019s ability to being required to record impairment charges on these assets . generate future taxable income sufficient to realize the benefits . the company evaluates deferred tax assets on an recent accounting pronouncements ongoing basis and provides valuation allowances if it is information about recent accounting pronouncements is determined to be 2018 2018more likely than not 2019 2019 that the deferred tax included in note 2 to the consolidated financial statements , benefit will not be realized . federal income taxes are which are included herein under item 8 . provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the u.s . the company operates within numerous taxing jurisdictions . the company is subject to regulatory review or audit in virtually all of those jurisdictions and those reviews and audits may require extended periods of time to resolve . the company makes use of all available information and makes reasoned judgments regarding matters requiring interpretation in establishing tax expense , liabilities and reserves . the company believes .
Question: what percentage of debt obligations are due 2006 and 2007?
Answer:
|
0.68918
|
what percentage of debt obligations are due 2006 and 2007?
|
{
"options": {
"A": "0.68918%",
"B": "6.895%",
"C": "68.918%",
"D": "689.18%"
},
"goldenKey": "A"
}
|
{
"A": "0.68918%",
"B": "6.895%",
"C": "68.918%",
"D": "689.18%"
}
|
A
|
finqa2675
|
Please answer the given financial question based on the context.
Context: certain reclassifications and format changes have been made to prior years 2019 amounts to conform to the 2015 presentation . b . investments . fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets . fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) . the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities . the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities . fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency . the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities . for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions . interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) . unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses . short-term investments are stated at cost , which approximates market value . realized gains or losses on sales of investments are determined on the basis of identified cost . for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s . treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security . for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs . when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value . retrospective adjustments are employed to recalculate the values of asset-backed securities . each acquisition lot is reviewed to recalculate the effective yield . the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition . outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities . conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types . other invested assets include limited partnerships and rabbi trusts . limited partnerships are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag . c . uncollectible receivable balances . the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances . such reserves are presented in the table below for the periods indicated. .
|( dollars in thousands )|years ended december 31 , 2015|years ended december 31 , 2014|
|reinsurance receivables and premium receivables|$ 22878|$ 29497|
.
Question: what is the percentage change in the balance of reinsurance receivables and premium receivables from 2014 to 2015?
Answer:
|
-0.2244
|
what is the percentage change in the balance of reinsurance receivables and premium receivables from 2014 to 2015?
|
{
"options": {
"A": "-0.2244%",
"B": "0.2244%",
"C": "-22.44%",
"D": "22.44%"
},
"goldenKey": "A"
}
|
{
"A": "-0.2244%",
"B": "0.2244%",
"C": "-22.44%",
"D": "22.44%"
}
|
A
|
finqa2677
|
Please answer the given financial question based on the context.
Context: entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income decreased $ 7.7 million primarily due to a higher effective income tax rate , lower other income , and higher other operation and maintenance expenses , substantially offset by higher net revenue , lower depreciation and amortization expenses , and lower interest expense . 2010 compared to 2009 net income increased $ 105.7 million primarily due to higher net revenue , a lower effective income tax rate , higher other income , and lower depreciation and amortization expenses , partially offset by higher other operation and maintenance expenses . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .
||amount ( in millions )|
|2010 net revenue|$ 1216.7|
|retail electric price|31.0|
|ano decommissioning trust|26.4|
|transmission revenue|13.1|
|volume/weather|-15.9 ( 15.9 )|
|net wholesale revenue|-11.9 ( 11.9 )|
|capacity acquisition recovery|-10.3 ( 10.3 )|
|other|3.2|
|2011 net revenue|$ 1252.3|
the retail electric price variance is primarily due to a base rate increase effective july 2010 . see note 2 to the financial statements for more discussion of the rate case settlement . the ano decommissioning trust variance is primarily related to the deferral of investment gains from the ano 1 and 2 decommissioning trust in 2010 in accordance with regulatory treatment . the gains resulted in an increase in 2010 in interest and investment income and a corresponding increase in regulatory charges with no effect on net income. .
Question: from the increase in net revenue , what percentage is attributed to the change in retail electric price?
Answer:
|
0.87079
|
from the increase in net revenue , what percentage is attributed to the change in retail electric price?
|
{
"options": {
"A": "0.87079%",
"B": "8.7079%",
"C": "87.079%",
"D": "870.79%"
},
"goldenKey": "A"
}
|
{
"A": "0.87079%",
"B": "8.7079%",
"C": "87.079%",
"D": "870.79%"
}
|
A
|
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