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finqa365
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements at december 31 , 2007 , future minimum rental payments required under operating leases for continuing operations that have initial or remaining noncancelable lease terms in excess of one year , net of sublease rental income , most of which pertain to real estate leases , are as follows : ( millions ) .
|2008|$ 317|
|2009|275|
|2010|236|
|2011|214|
|2012|191|
|later years|597|
|total minimum payments required|$ 1830|
aon corporation .
Question: what is the decrease observed in the future minimum rental payments during 2008 and 2009?
Answer:
|
-42.0
|
what is the decrease observed in the future minimum rental payments during 2008 and 2009?
|
{
"options": {
"A": "-42.0",
"B": "42.0",
"C": "-82.0",
"D": "82.0"
},
"goldenKey": "A"
}
|
{
"A": "-42.0",
"B": "42.0",
"C": "-82.0",
"D": "82.0"
}
|
A
|
finqa366
|
Please answer the given financial question based on the context.
Context: mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the company does not make any contributions to its postretirement plan other than funding benefits payments . the following table summarizes expected net benefit payments from the company 2019s general assets through 2019 : benefit payments expected subsidy receipts benefit payments .
||benefit payments|expected subsidy receipts|net benefit payments|
|2010|$ 2714|$ 71|$ 2643|
|2011|3028|91|2937|
|2012|3369|111|3258|
|2013|3660|134|3526|
|2014|4019|151|3868|
|2015 2013 2019|22686|1071|21615|
the company provides limited postemployment benefits to eligible former u.s . employees , primarily severance under a formal severance plan ( the 201cseverance plan 201d ) . the company accounts for severance expense by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods . the company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions . as a result of updating the assumptions , the company recorded incremental severance expense ( benefit ) related to the severance plan of $ 3471 , $ 2643 and $ ( 3418 ) , respectively , during the years 2009 , 2008 and 2007 . these amounts were part of total severance expenses of $ 135113 , $ 32997 and $ 21284 in 2009 , 2008 and 2007 , respectively , included in general and administrative expenses in the accompanying consolidated statements of operations . note 14 . debt on april 28 , 2008 , the company extended its committed unsecured revolving credit facility , dated as of april 28 , 2006 ( the 201ccredit facility 201d ) , for an additional year . the new expiration date of the credit facility is april 26 , 2011 . the available funding under the credit facility will remain at $ 2500000 through april 27 , 2010 and then decrease to $ 2000000 during the final year of the credit facility agreement . other terms and conditions in the credit facility remain unchanged . the company 2019s option to request that each lender under the credit facility extend its commitment was provided pursuant to the original terms of the credit facility agreement . borrowings under the facility are available to provide liquidity in the event of one or more settlement failures by mastercard international customers and , subject to a limit of $ 500000 , for general corporate purposes . the facility fee and borrowing cost are contingent upon the company 2019s credit rating . at december 31 , 2009 , the facility fee was 7 basis points on the total commitment , or approximately $ 1774 annually . interest on borrowings under the credit facility would be charged at the london interbank offered rate ( libor ) plus an applicable margin of 28 basis points or an alternative base rate , and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% ( 50 % ) of commitments . at the inception of the credit facility , the company also agreed to pay upfront fees of $ 1250 and administrative fees of $ 325 , which are being amortized over five years . facility and other fees associated with the credit facility totaled $ 2222 , $ 2353 and $ 2477 for each of the years ended december 31 , 2009 , 2008 and 2007 , respectively . mastercard was in compliance with the covenants of the credit facility and had no borrowings under the credit facility at december 31 , 2009 or december 31 , 2008 . the majority of credit facility lenders are members or affiliates of members of mastercard international . in june 1998 , mastercard international issued ten-year unsecured , subordinated notes ( the 201cnotes 201d ) paying a fixed interest rate of 6.67% ( 6.67 % ) per annum . mastercard repaid the entire principal amount of $ 80000 on june 30 , 2008 pursuant to the terms of the notes . the interest expense on the notes was $ 2668 and $ 5336 for each of the years ended december 31 , 2008 and 2007 , respectively. .
Question: what is the growth observed in the benefit payments during 2011 and 2012?
Answer:
|
0.11262
|
what is the growth observed in the benefit payments during 2011 and 2012?
|
{
"options": {
"A": "0.11262",
"B": "0.09743",
"C": "0.08679",
"D": "0.07921"
},
"goldenKey": "A"
}
|
{
"A": "0.11262",
"B": "0.09743",
"C": "0.08679",
"D": "0.07921"
}
|
A
|
finqa367
|
Please answer the given financial question based on the context.
Context: d u k e r e a l t y c o r p o r a t i o n 2 8 2 0 0 2 a n n u a l r e p o r t notes to consolidated financial statements the company recognizes income on long-term construction contracts where the company serves as a general contractor on the percentage of completion method . using this method , profits are recorded on the basis of the company 2019s estimates of the percentage of completion of individual contracts , commencing when progress reaches a point where experience is sufficient to estimate final results with reasonable accuracy . that portion of the estimated earnings is accrued on the basis of the company 2019s estimates of the percentage of completion based on contract expenditures incurred and work performed . property sales gains from sales of depreciated property are recognized in accordance with statement of financial accounting standards ( 201csfas 201d ) no . 66 , and are included in earnings from sales of land and depreciable property dispositions , net of impairment adjustment , in the statement of operations if identified as held for sale prior to adoption of sfas 144 and in discontinued operations if identified as held for sale after adoption of sfas 144 . gains or losses from the sale of property which is considered held for sale in dclp are recognized in accordance with sfas 66 and are included in construction management and development activity income in the statement of operations . net income per common share basic net income per common share is computed by dividing net income available for common shares by the weighted average number of common shares outstanding for the period . diluted net income per share is computed by dividing the sum of net income available for common shares and minority interest in earnings of unitholders , by the sum of the weighted average number of common shares and units outstanding and dilutive potential common shares for the period . the following table reconciles the components of basic and diluted net income per share ( in thousands ) : the series d convertible preferred stock and the series g convertible preferred limited partner units were anti-dilutive for the years ended december 31 , 2002 , 2001 and 2000 ; therefore , no conversion to common shares is included in weighted dilutive potential common shares . in september 2002 , the company redeemed the series g convertible preferred units at their par value of $ 35.0 million . a joint venture partner in one of the company 2019s unconsolidated companies has the option to convert a portion of its ownership to company common shares ( see discussion in investments in unconsolidated companies section ) . the effect of the option on earnings per share was dilutive for the year ended december 31 , 2001 ; therefore , conversion to common shares is included in weighted dilutive potential common shares . federal income taxes the company has elected to be taxed as a real estate investment trust ( 201creit 201d ) under the internal revenue code . to qualify as a reit , the company must meet a number of organizational and operational requirements , including a requirement that it currently distribute at least 90% ( 90 % ) of its taxable income to its stockholders . management intends to continue to adhere to these requirements and to maintain the company 2019s reit status . as a reit , the company is entitled to a tax deduction for some or all of the dividends it pays to its shareholders . accordingly , the company generally will not be subject to federal income taxes as long as it distributes an amount equal to or in excess of its taxable income currently to its stockholders . a reit generally is subject to federal income taxes on any taxable income that is not currently distributed to its shareholders . if the company fails to qualify as a reit in any taxable year , it will be subject to federal income taxes and may not be able to qualify as a reit for four subsequent taxable years . reit qualification reduces , but does not eliminate , the amount of state and local taxes paid by the company . in addition , the company 2019s financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal , state and local income taxes . as a reit , the company may also be subject to certain federal excise taxes if it engages in certain types of transactions. .
||2002|2001|2000|
|basic net income available for common shares|$ 161272|$ 229967|$ 212958|
|joint venture partner convertible ownership net income|2014|3423|2014|
|minority interest in earnings of common unitholders|18568|32463|32071|
|diluted net income available for common shares and dilutive potential common shares|$ 179840|$ 265853|$ 245029|
|weighted average number of common shares outstanding|133981|129660|126836|
|weighted average partnership units outstanding|15442|18301|19070|
|joint venture partner convertible ownership common share equivalents|2014|2092|2014|
|dilutive shares for stock-based compensation plans|1416|1657|1535|
|weighted average number of common shares and dilutive potential common shares|150839|151710|147441|
.
Question: what is the percent change in basic net income available for common shares from 2001 to 2002?
Answer:
|
42.59574
|
what is the percent change in basic net income available for common shares from 2001 to 2002?
|
{
"options": {
"A": "35.6789%",
"B": "42.5957%",
"C": "47.3215%",
"D": "51.2346%"
},
"goldenKey": "B"
}
|
{
"A": "35.6789%",
"B": "42.5957%",
"C": "47.3215%",
"D": "51.2346%"
}
|
B
|
finqa368
|
Please answer the given financial question based on the context.
Context: 35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s . as of september 29 , 2012 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 4.0 billion , and deferred tax liabilities of $ 14.9 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . in addition , the company is subject to audits by state , local , and foreign tax authorities . management believes that adequate provisions have been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 29 , 2012 , september 24 , 2011 , and september 25 , 2010 ( in millions ) : .
||2012|2011|2010|
|cash cash equivalents and marketable securities|$ 121251|$ 81570|$ 51011|
|accounts receivable net|$ 10930|$ 5369|$ 5510|
|inventories|$ 791|$ 776|$ 1051|
|working capital|$ 19111|$ 17018|$ 20956|
|annual operating cash flow|$ 50856|$ 37529|$ 18595|
as of september 29 , 2012 , the company had $ 121.3 billion in cash , cash equivalents and marketable securities , an increase of $ 39.7 billion or 49% ( 49 % ) from september 24 , 2011 . the principal components of this net increase was the cash generated by operating activities of $ 50.9 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 8.3 billion , payments for acquisition of intangible assets of $ 1.1 billion and payments of dividends and dividend equivalent rights of $ 2.5 billion . 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 . as of september 29 , 2012 and september 24 , 2011 , $ 82.6 billion and $ 54.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . 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 , common stock repurchases , dividends on its common stock , and other liquidity requirements associated with its existing operations over the next 12 months . capital assets the company 2019s capital expenditures were $ 10.3 billion during 2012 , consisting of $ 865 million for retail store facilities and $ 9.5 billion for other capital expenditures , including product tooling and manufacturing process .
Question: what was the increase between september 29 , 2012 and september 24 , 2011 of the company 2019s cash , cash equivalents and marketable securities held by foreign subsidiaries?
Answer:
|
28.3
|
what was the increase between september 29 , 2012 and september 24 , 2011 of the company 2019s cash , cash equivalents and marketable securities held by foreign subsidiaries?
|
{
"options": {
"A": "28.3 billion",
"B": "39.7 billion",
"C": "82.6 billion",
"D": "54.3 billion"
},
"goldenKey": "A"
}
|
{
"A": "28.3 billion",
"B": "39.7 billion",
"C": "82.6 billion",
"D": "54.3 billion"
}
|
A
|
finqa369
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements note 11 . income taxes 2013 ( continued ) the federal income tax return for 2006 is subject to examination by the irs . in addition for 2007 and 2008 , the irs has invited the company to participate in the compliance assurance process ( 201ccap 201d ) , which is a voluntary program for a limited number of large corporations . under cap , the irs conducts a real-time audit and works contemporaneously with the company to resolve any issues prior to the filing of the tax return . the company has agreed to participate . the company believes this approach should reduce tax-related uncertainties , if any . the company and/or its subsidiaries also file income tax returns in various state , local and foreign jurisdictions . these returns , with few exceptions , are no longer subject to examination by the various taxing authorities before as discussed in note 1 , the company adopted the provisions of fin no . 48 , 201caccounting for uncertainty in income taxes , 201d on january 1 , 2007 . as a result of the implementation of fin no . 48 , the company recognized a decrease to beginning retained earnings on january 1 , 2007 of $ 37 million . the total amount of unrecognized tax benefits as of the date of adoption was approximately $ 70 million . included in the balance at january 1 , 2007 , were $ 51 million of tax positions that if recognized would affect the effective tax rate . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : ( in millions ) .
|balance january 1 2007|$ 70|
|additions based on tax positions related to the current year|12|
|additions for tax positions of prior years|3|
|reductions for tax positions related to the current year|-23 ( 23 )|
|settlements|-6 ( 6 )|
|expiration of statute of limitations|-3 ( 3 )|
|balance december 31 2007|$ 53|
the company anticipates that it is reasonably possible that payments of approximately $ 2 million will be made primarily due to the conclusion of state income tax examinations within the next 12 months . additionally , certain state and foreign income tax returns will no longer be subject to examination and as a result , there is a reasonable possibility that the amount of unrecognized tax benefits will decrease by $ 7 million . at december 31 , 2007 , there were $ 42 million of tax benefits that if recognized would affect the effective rate . the company recognizes interest accrued related to : ( 1 ) unrecognized tax benefits in interest expense and ( 2 ) tax refund claims in other revenues on the consolidated statements of income . the company recognizes penalties in income tax expense ( benefit ) on the consolidated statements of income . during 2007 , the company recorded charges of approximately $ 4 million for interest expense and $ 2 million for penalties . provision has been made for the expected u.s . federal income tax liabilities applicable to undistributed earnings of subsidiaries , except for certain subsidiaries for which the company intends to invest the undistributed earnings indefinitely , or recover such undistributed earnings tax-free . at december 31 , 2007 , the company has not provided deferred taxes of $ 126 million , if sold through a taxable sale , on $ 361 million of undistributed earnings related to a domestic affiliate . the determination of the amount of the unrecognized deferred tax liability related to the undistributed earnings of foreign subsidiaries is not practicable . in connection with a non-recurring distribution of $ 850 million to diamond offshore from a foreign subsidiary , a portion of which consisted of earnings of the subsidiary that had not previously been subjected to u.s . federal income tax , diamond offshore recognized $ 59 million of u.s . federal income tax expense as a result of the distribution . it remains diamond offshore 2019s intention to indefinitely reinvest future earnings of the subsidiary to finance foreign activities . total income tax expense for the years ended december 31 , 2007 , 2006 and 2005 , was different than the amounts of $ 1601 million , $ 1557 million and $ 639 million , computed by applying the statutory u.s . federal income tax rate of 35% ( 35 % ) to income before income taxes and minority interest for each of the years. .
Question: what was the actual change in the unrecognized tax benefits in 2007 based on the reconciliation in millions
Answer:
|
-17.0
|
what was the actual change in the unrecognized tax benefits in 2007 based on the reconciliation in millions
|
{
"options": {
"A": "-17",
"B": "17",
"C": "53",
"D": "70"
},
"goldenKey": "A"
}
|
{
"A": "-17",
"B": "17",
"C": "53",
"D": "70"
}
|
A
|
finqa371
|
Please answer the given financial question based on the context.
Context: standardized maintenance based on an industry trade publication , we operate the eighth largest vocational fleet in the united states . as of december 31 , 2014 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
||approximate number of vehicles|approximate average age|
|residential|7600|7|
|commercial|4300|7|
|industrial|3900|9|
|total|15800|7.5|
through standardization of core functions , we believe we can minimize variability in our maintenance processes resulting in higher vehicle quality while extending the service life of our fleet . we believe operating a more reliable , safer and efficient fleet will lower our operating costs . we have implemented standardized maintenance programs for approximately 60% ( 60 % ) of our fleet maintenance operations as of december 31 , 2014 . cash utilization strategy key components of our cash utilization strategy include increasing free cash flow and improving our return on invested capital . our definition of free cash flow , which is not a measure determined in accordance with united states generally accepted accounting principles ( u.s . gaap ) , is 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 . for a discussion and reconciliation of free cash flow , you should read the 201cfree cash flow 201d section of our management 2019s discussion and analysis of financial condition and results of operations contained in item 7 of this form 10-k . we believe free cash flow drives shareholder value and provides useful information regarding the recurring cash provided by our operations . free cash flow also demonstrates our ability to execute our cash utilization strategy , which includes investments in acquisitions and returning a majority of free cash flow to our shareholders through dividends and share repurchases . we are committed to an efficient capital structure and maintaining our investment grade credit ratings . we manage our free cash flow by ensuring that capital expenditures and operating asset levels are appropriate in light of our existing business and growth opportunities , and by closely managing our working capital , which consists primarily of accounts receivable , accounts payable , and accrued landfill and environmental costs . dividends in july 2003 , our board of directors initiated a quarterly cash dividend of $ 0.04 per share . our quarterly dividend has increased from time to time thereafter , the latest increase occurring in july 2014 to $ 0.28 per share , representing a 7.7% ( 7.7 % ) increase over that of the prior year . over the last 5 years , our dividend has increased at a compounded annual growth rate of 8.1% ( 8.1 % ) . we expect to continue paying quarterly cash dividends and may consider additional dividend increases if we believe they will enhance shareholder value . share repurchases in october 2013 , our board of directors added $ 650 million to the existing share repurchase authorization originally approved in november 2010 . from november 2010 to december 31 , 2014 , we used $ 1439.5 million to repurchase 46.6 million shares of our common stock at a weighted average cost per share of $ 30.88 . as of december 31 , 2014 , there were $ 360.2 million remaining under our share repurchase authorization . during 2015 , we expect to use our remaining authorization to repurchase more of our outstanding common stock. .
Question: what is the percent of the residential vehicles as part of the fleet
Answer:
|
0.48101
|
what is the percent of the residential vehicles as part of the fleet
|
{
"options": {
"A": "0.48101",
"B": "0.27215",
"C": "0.24684",
"D": "0.24684"
},
"goldenKey": "A"
}
|
{
"A": "0.48101",
"B": "0.27215",
"C": "0.24684",
"D": "0.24684"
}
|
A
|
finqa372
|
Please answer the given financial question based on the context.
Context: item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices . changes in these factors could cause fluctuations in our earnings and cash flows . in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities . the counterparties in these transactions are generally highly rated institutions . we establish credit limits for each counterparty . our hedging transactions include but are not limited to a variety of deriv- ative financial instruments . interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives . we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs . generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount . our primary exposure is to u.s . interest rates . as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding . this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps . see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report . foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies . we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates . these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate . our primary u.s . dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound . commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks . we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps . our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy . equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued . we use equity swaps to manage this market risk . value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions . a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures . the models assumed normal market conditions and used a 95 percent confidence level . the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future . the market data were drawn from the riskmetricstm data set . the calculations are not intended to represent actual losses in fair value that we expect to incur . further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures . the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments . the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments . the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 . the amounts were calculated using the var methodology described above. .
|in millions|fair value impact may 282006|fair value impact averageduring2006|fair value impact may 292005|
|interest rate instruments|$ 8|$ 10|$ 18|
|foreign currency instruments|2|1|1|
|commodity instruments|2|2|1|
|equity instruments|1|1|2013|
.
Question: what is the total fair value impact of all instruments as of may 28 , 2006?
Answer:
|
13.0
|
what is the total fair value impact of all instruments as of may 28 , 2006?
|
{
"options": {
"A": "8.0",
"B": "10.0",
"C": "13.0",
"D": "18.0"
},
"goldenKey": "C"
}
|
{
"A": "8.0",
"B": "10.0",
"C": "13.0",
"D": "18.0"
}
|
C
|
finqa373
|
Please answer the given financial question based on the context.
Context: shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2009 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. .
||12/31/2009|12/31/2010|12/31/2011|12/31/2012|12/31/2013|12/31/2014|
|united parcel service inc .|$ 100.00|$ 130.29|$ 135.35|$ 140.54|$ 205.95|$ 223.79|
|standard & poor 2019s 500 index|$ 100.00|$ 115.06|$ 117.48|$ 136.26|$ 180.38|$ 205.05|
|dow jones transportation average|$ 100.00|$ 126.74|$ 126.75|$ 136.24|$ 192.61|$ 240.91|
.
Question: what was the difference in percentage cumulative total shareowners 2019 returns for united parcel service inc . compared to the standard & poor's 500 index for the five years ended 12/31/2014?
Answer:
|
0.1874
|
what was the difference in percentage cumulative total shareowners 2019 returns for united parcel service inc . compared to the standard & poor's 500 index for the five years ended 12/31/2014?
|
{
"options": {
"A": "0.1874",
"B": "0.2051",
"C": "0.1804",
"D": "0.2238"
},
"goldenKey": "A"
}
|
{
"A": "0.1874",
"B": "0.2051",
"C": "0.1804",
"D": "0.2238"
}
|
A
|
finqa374
|
Please answer the given financial question based on the context.
Context: korea engineering plastics co. , ltd . founded in 1987 , kepco is the leading producer of pom in south korea . kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc . ( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) . kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc . in a world-scale pom facility in nantong , china . polyplastics co. , ltd . polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) . established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china . fortron industries llc . fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . established in 1992 , fortron is a limited liability company whose members are ticona fortron inc . ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd . of japan ) . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha . china acetate strategic ventures . we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china . these include the nantong cellulose fibers co . ltd. , kunming cellulose fibers co . ltd . and zhuhai cellulose fibers co . ltd . the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures . with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook . combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers . in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 . since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends . our chinese acetate ventures fund their operations using operating cash flow . during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 . in 2010 , we made contributions of $ 12 million . our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year . in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively . although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants . the table below represents our equity investments in infraserv ventures as of december 31 , 2011: .
||ownership % ( % )|
|infraserv gmbh & co . gendorf kg|39|
|infraserv gmbh & co . knapsack kg|27|
|infraserv gmbh & co . hoechst kg|32|
.
Question: what is the growth rate in cash dividends received in 2010 compare to 2009?
Answer:
|
0.26786
|
what is the growth rate in cash dividends received in 2010 compare to 2009?
|
{
"options": {
"A": "0.26786",
"B": "0.28571",
"C": "0.30357",
"D": "0.32143"
},
"goldenKey": "A"
}
|
{
"A": "0.26786",
"B": "0.28571",
"C": "0.30357",
"D": "0.32143"
}
|
A
|
finqa375
|
Please answer the given financial question based on the context.
Context: e nt e r g y c o r p o r a t i o n a n d s u b s i d i a r i e s 2 0 0 7 n an increase of $ 16 million in fossil operating costs due to the purchase of the attala plant in january 2006 and the perryville plant coming online in july 2005 ; n an increase of $ 12 million related to storm reserves . this increase does not include costs associated with hurricanes katrina and rita ; and n an increase of $ 12 million due to a return to normal expense patterns in 2006 versus the deferral or capitalization of storm costs in 2005 . other operation and maintenance expenses increased for non- utility nuclear from $ 588 million in 2005 to $ 637 million in 2006 primarily due to the timing of refueling outages , increased benefit and insurance costs , and increased nrc fees . taxes other than income taxes taxes other than income taxes increased for the utility from $ 322 million in 2005 to $ 361 million in 2006 primarily due to an increase in city franchise taxes in arkansas due to a change in 2006 in the accounting for city franchise tax revenues as directed by the apsc . the change results in an increase in taxes other than income taxes with a corresponding increase in rider revenue , resulting in no effect on net income . also contributing to the increase was higher franchise tax expense at entergy gulf states , inc . as a result of higher gross revenues in 2006 and a customer refund in 2005 . other income other income increased for the utility from $ 111 million in 2005 to $ 156 million in 2006 primarily due to carrying charges recorded on storm restoration costs . other income increased for non-utility nuclear primarily due to miscellaneous income of $ 27 million ( $ 16.6 million net-of-tax ) resulting from a reduction in the decommissioning liability for a plant as a result of a revised decommissioning cost study and changes in assumptions regarding the timing of when decommissioning of a plant will begin . other income increased for parent & other primarily due to a gain related to its entergy-koch investment of approximately $ 55 million ( net-of-tax ) in the fourth quarter of 2006 . in 2004 , entergy-koch sold its energy trading and pipeline businesses to third parties . at that time , entergy received $ 862 million of the sales proceeds in the form of a cash distribution by entergy-koch . due to the november 2006 expiration of contingencies on the sale of entergy-koch 2019s trading business , and the corresponding release to entergy-koch of sales proceeds held in escrow , entergy received additional cash distributions of approximately $ 163 million during the fourth quarter of 2006 and recorded a gain of approximately $ 55 million ( net-of-tax ) . entergy expects future cash distributions upon liquidation of the partnership will be less than $ 35 million . interest charges interest charges increased for the utility and parent & other primarily due to additional borrowing to fund the significant storm restoration costs associated with hurricanes katrina and rita . discontinued operations in april 2006 , entergy sold the retail electric portion of the competitive retail services business operating in the electric reliability council of texas ( ercot ) region of texas , and now reports this portion of the business as a discontinued operation . earnings for 2005 were negatively affected by $ 44.8 million ( net-of-tax ) of discontinued operations due to the planned sale . this amount includes a net charge of $ 25.8 million ( net-of-tax ) related to the impairment reserve for the remaining net book value of the competitive retail services business 2019 information technology systems . results for 2006 include an $ 11.1 million gain ( net-of-tax ) on the sale of the retail electric portion of the competitive retail services business operating in the ercot region of texas . income taxes the effective income tax rates for 2006 and 2005 were 27.6% ( 27.6 % ) and 36.6% ( 36.6 % ) , respectively . the lower effective income tax rate in 2006 is primarily due to tax benefits , net of reserves , resulting from the tax capital loss recognized in connection with the liquidation of entergy power international holdings , entergy 2019s holding company for entergy-koch . also contributing to the lower rate for 2006 is an irs audit settlement that allowed entergy to release from its tax reserves all settled issues relating to 1996-1998 audit cycle . see note 3 to the financial statements for a reconciliation of the federal statutory rate of 35.0% ( 35.0 % ) to the effective income tax rates , and for additional discussion regarding income taxes . liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement . capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table . the increase in the debt to capital percentage from 2006 to 2007 is primarily the result of additional borrowings under entergy corporation 2019s revolving credit facility , along with a decrease in shareholders 2019 equity primarily due to repurchases of common stock . this increase in the debt to capital percentage is in line with entergy 2019s financial and risk management aspirations . the decrease in the debt to capital percentage from 2005 to 2006 is the result of an increase in shareholders 2019 equity , primarily due to an increase in retained earnings , partially offset by repurchases of common stock. .
||2007|2006|2005|
|net debt to net capital at the end of the year|54.6% ( 54.6 % )|49.4% ( 49.4 % )|51.5% ( 51.5 % )|
|effect of subtracting cash from debt|3.0% ( 3.0 % )|2.9% ( 2.9 % )|1.6% ( 1.6 % )|
|debt to capital at the end of the year|57.6% ( 57.6 % )|52.3% ( 52.3 % )|53.1% ( 53.1 % )|
net debt consists of debt less cash and cash equivalents . debt consists of notes payable , capital lease obligations , preferred stock with sinking fund , and long-term debt , including the currently maturing portion . capital consists of debt , shareholders 2019 equity , and preferred stock without sinking fund . net capital consists of capital less cash and cash equivalents . entergy uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating entergy 2019s financial condition . m an ag e ment 2019s f i n anc ial d i scuss ion an d an alys is co n t i n u e d .
Question: what was the percent of the increase in other income other income for the utility from 2005 to 2006
Answer:
|
0.40541
|
what was the percent of the increase in other income other income for the utility from 2005 to 2006
|
{
"options": {
"A": "0.40541%",
"B": "0.40541",
"C": "4.0541%",
"D": "4.0541"
},
"goldenKey": "A"
}
|
{
"A": "0.40541%",
"B": "0.40541",
"C": "4.0541%",
"D": "4.0541"
}
|
A
|
finqa376
|
Please answer the given financial question based on the context.
Context: visa indemnification our payment services business issues and acquires credit and debit card transactions through visa u.s.a . inc . card association or its affiliates ( visa ) . in october 2007 , visa completed a restructuring and issued shares of visa inc . common stock to its financial institution members ( visa reorganization ) in contemplation of its initial public offering ( ipo ) . as part of the visa reorganization , we received our proportionate share of class b visa inc . common stock allocated to the u.s . members . prior to the ipo , the u.s . members , which included pnc , were obligated to indemnify visa for judgments and settlements related to certain specified litigation . as a result of the acquisition of national city , we became party to judgment and loss sharing agreements with visa and certain other banks . the judgment and loss sharing agreements were designed to apportion financial responsibilities arising from any potential adverse judgment or negotiated settlements related to the specified litigation . in september 2014 , visa funded $ 450 million into its litigation escrow account and reduced the conversion rate of visa b to a shares . we continue to have an obligation to indemnify visa for judgments and settlements for the remaining specified litigation . recourse and repurchase obligations as discussed in note 2 loan sale and servicing activities and variable interest entities , pnc has sold commercial mortgage , residential mortgage and home equity loans/ lines of credit directly or indirectly through securitization and loan sale transactions in which we have continuing involvement . one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets . commercial mortgage loan recourse obligations we originate and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing ( dus ) program . we participated in a similar program with the fhlmc . under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement . at december 31 , 2014 and december 31 , 2013 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 12.3 billion and $ 11.7 billion , respectively . the potential maximum exposure under the loss share arrangements was $ 3.7 billion at december 31 , 2014 and $ 3.6 billion at december 31 , 2013 . we maintain a reserve for estimated losses based upon our exposure . the reserve for losses under these programs totaled $ 35 million and $ 33 million as of december 31 , 2014 and december 31 , 2013 , respectively , and is included in other liabilities on our consolidated balance sheet . if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses . our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment . table 150 : analysis of commercial mortgage recourse obligations .
|in millions|2014|2013|
|january 1|$ 33|$ 43|
|reserve adjustments net|2|-9 ( 9 )|
|losses 2013 loan repurchases and settlements||-1 ( 1 )|
|december 31|$ 35|$ 33|
residential mortgage loan and home equity loan/ line of credit repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors . these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements . repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment . in the fourth quarter of 2013 , pnc reached agreements with both fnma and fhlmc to resolve their repurchase claims with respect to loans sold between 2000 and 2008 . pnc paid a total of $ 191 million related to these settlements . pnc 2019s repurchase obligations also include certain brokered home equity loans/lines of credit that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition of national city . pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of loans sold in these transactions . repurchase activity associated with brokered home equity loans/lines of credit is reported in the non-strategic assets portfolio segment . 214 the pnc financial services group , inc . 2013 form 10-k .
Question: what was the average balance in millions for commercial mortgage recourse obligations as of december 31 2014 and 2013?
Answer:
|
34.0
|
what was the average balance in millions for commercial mortgage recourse obligations as of december 31 2014 and 2013?
|
{
"options": {
"A": "33.0",
"B": "35.0",
"C": "43.0",
"D": "34.0"
},
"goldenKey": "D"
}
|
{
"A": "33.0",
"B": "35.0",
"C": "43.0",
"D": "34.0"
}
|
D
|
finqa377
|
Please answer the given financial question based on the context.
Context: at december 31 , 2015 and 2014 , options for 5 million and 6 million shares of common stock were exercisable at a weighted-average price of $ 55.42 and $ 56.21 , respectively . the total intrinsic value of options exercised was approximately $ .1 billion during 2016 , 2015 and 2014 . cash received from option exercises under all incentive plans for 2016 , 2015 and 2014 was approximately $ .1 billion , $ .1 billion and $ .2 billion , respectively . the tax benefit realized from option exercises under all incentive plans was insignificant for 2016 , 2015 and 2014 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were approximately 39 million shares at december 31 , 2016 . total shares of pnc common stock authorized for future issuance under all equity compensation plans totaled approximately 40 million shares at december 31 , 2016 . during 2016 , we issued approximately 2 million common 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 . incentive/performance unit awards and restricted share/restricted share unit awards the fair value of nonvested incentive/performance unit awards and restricted share/restricted share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant with a reduction for estimated forfeitures . the value of certain incentive/ performance unit awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . additionally , certain incentive/ performance unit awards require subsequent adjustment to their current market value due to certain discretionary risk review triggers . the weighted-average grant date fair value of incentive/ performance unit awards and restricted share/restricted share unit awards granted in 2016 , 2015 and 2014 was $ 78.37 , $ 91.57 and $ 80.79 per share , respectively . the total intrinsic value of incentive/performance unit and restricted share/ restricted share unit awards vested during 2016 , 2015 and 2014 was approximately $ .1 billion , $ .2 billion and $ .1 billion , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 78 : nonvested incentive/performance unit awards and restricted share/restricted share unit awards 2013 rollforward ( a ) shares in millions nonvested incentive/ performance units shares weighted- average date fair nonvested restricted share/ restricted weighted- average grant date fair value .
|shares in millions december 31 2015|nonvested incentive/ performance units shares 2|weighted- average grant date fair value $ 79.27|nonvested restricted share/ restricted share units 3|weighted- average grant date fair value $ 79.26|
|granted ( b )|1|$ 77.77|1|$ 78.71|
|vested/released ( b )|-1 ( 1 )|$ 71.59|-1 ( 1 )|$ 65.53|
|december 31 2016|2|$ 81.42|3|$ 83.27|
( a ) forfeited awards during 2016 were insignificant . ( b ) includes adjustments for achieving specific performance goals for incentive/ performance unit share awards granted in prior periods . in table 78 , the units and related weighted-average grant date fair value of the incentive/performance unit share awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash if and when the underlying shares are issued to the participants . blackrock long-term incentive plans ( ltip ) blackrock adopted the 2002 ltip program to help attract and retain qualified professionals . at that time , we agreed to transfer up to four million shares of blackrock common stock to fund a portion of the 2002 ltip program and future ltip programs approved by blackrock 2019s board of directors . in 2009 , our obligation to deliver any remaining blackrock common shares was replaced with an obligation to deliver shares of blackrock 2019s series c preferred stock held by us . in 2016 , we transferred .5 million shares of blackrock series c preferred stock to blackrock in connection with our obligation . at december 31 , 2016 , we held approximately .8 million shares of blackrock series c preferred stock which were available to fund our obligations . see note 23 subsequent events for information on our february 1 , 2017 transfer of .5 million shares of the series c preferred stock to blackrock to satisfy a portion of our ltip obligation . we account for our blackrock series c preferred stock at fair value , which offsets the impact of marking-to-market the obligation to deliver these shares to blackrock . see note 6 fair value for additional information regarding the valuation of the blackrock series c preferred stock . the pnc financial services group , inc . 2013 form 10-k 139 .
Question: what was the total intrinsic value of incentive/performance unit and restricted share/ restricted share unit awards vested during 2016 , 2015 and 2014 in billions?
Answer:
|
0.4
|
what was the total intrinsic value of incentive/performance unit and restricted share/ restricted share unit awards vested during 2016 , 2015 and 2014 in billions?
|
{
"options": {
"A": "0.1 billion",
"B": "0.2 billion",
"C": "0.3 billion",
"D": "0.4 billion"
},
"goldenKey": "D"
}
|
{
"A": "0.1 billion",
"B": "0.2 billion",
"C": "0.3 billion",
"D": "0.4 billion"
}
|
D
|
finqa378
|
Please answer the given financial question based on the context.
Context: morgan stanley notes to consolidated financial statements 2014 ( continued ) senior debt securities often are denominated in various non-u.s . dollar currencies and may be structured to provide a return that is equity-linked , credit-linked , commodity-linked or linked to some other index ( e.g. , the consumer price index ) . senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities . debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 2902 million at december 31 , 2015 and $ 2175 million at december 31 , 2014 . in addition , in certain circumstances , certain purchasers may be entitled to cause the repurchase of the notes . the aggregated value of notes subject to these arrangements was $ 650 million at december 31 , 2015 and $ 551 million at december 31 , 2014 . subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s . dollar denominated . during 2015 , morgan stanley capital trusts vi and vii redeemed all of their issued and outstanding 6.60% ( 6.60 % ) capital securities , respectively , and the company concurrently redeemed the related underlying junior subordinated debentures . senior debt 2014structured borrowings . the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures . to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor . the company generally carries the entire structured borrowings at fair value . the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value . changes in fair value related to the notes and economic hedges are reported in trading revenues . see note 3 for further information on structured borrowings . subordinated debt and junior subordinated debentures . included in the long-term borrowings are subordinated notes of $ 10404 million having a contractual weighted average coupon of 4.45% ( 4.45 % ) at december 31 , 2015 and $ 8339 million having a contractual weighted average coupon of 4.57% ( 4.57 % ) at december 31 , 2014 . junior subordinated debentures outstanding by the company were $ 2870 million at december 31 , 2015 having a contractual weighted average coupon of 6.22% ( 6.22 % ) at december 31 , 2015 and $ 4868 million at december 31 , 2014 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at december 31 , 2014 . maturities of the subordinated and junior subordinated notes range from 2022 to 2067 , while maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option . asset and liability management . in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate . fixed assets are generally financed with fixed rate long-term debt . the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk . these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations . in addition , for non-u.s . dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s . dollar obligations . the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate . effective average borrowing rate. .
||2015|2014|2013|
|weighted average coupon of long-term borrowings at period-end ( 1 )|4.0% ( 4.0 % )|4.2% ( 4.2 % )|4.4% ( 4.4 % )|
|effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )|2.1% ( 2.1 % )|2.3% ( 2.3 % )|2.2% ( 2.2 % )|
.
Question: what is the difference in effective borrowing rate in 2015 due to the use of swaps?
Answer:
|
1.9
|
what is the difference in effective borrowing rate in 2015 due to the use of swaps?
|
{
"options": {
"A": "1.9%",
"B": "2.1%",
"C": "2.3%",
"D": "4.0%"
},
"goldenKey": "A"
}
|
{
"A": "1.9%",
"B": "2.1%",
"C": "2.3%",
"D": "4.0%"
}
|
A
|
finqa379
|
Please answer the given financial question based on the context.
Context: humana inc . notes to consolidated financial statements 2014 ( continued ) in any spe transactions . the adoption of fin 46 or fin 46-r did not have a material impact on our financial position , results of operations , or cash flows . in december 2004 , the fasb issued statement no . 123r , share-based payment , or statement 123r , which requires companies to expense the fair value of employee stock options and other forms of stock-based compensation . this requirement represents a significant change because fixed-based stock option awards , a predominate form of stock compensation for us , were not recognized as compensation expense under apb 25 . statement 123r requires the cost of the award , as determined on the date of grant at fair value , be recognized over the period during which an employee is required to provide service in exchange for the award ( usually the vesting period ) . the grant-date fair value of the award will be estimated using option-pricing models . we are required to adopt statement 123r no later than july 1 , 2005 under one of three transition methods , including a prospective , retrospective and combination approach . we previously disclosed on page 67 the effect of expensing stock options under a fair value approach using the black-scholes pricing model for 2004 , 2003 and 2002 . we currently are evaluating all of the provisions of statement 123r and the expected effect on us including , among other items , reviewing compensation strategies related to stock-based awards , selecting an option pricing model and determining the transition method . in march 2004 , the fasb issued eitf issue no . 03-1 , or eitf 03-1 , the meaning of other-than- temporary impairment and its application to certain investments . eitf 03-1 includes new guidance for evaluating and recording impairment losses on certain debt and equity investments when the fair value of the investment security is less than its carrying value . in september 2004 , the fasb delayed the previously scheduled third quarter 2004 effective date until the issuance of additional implementation guidance , expected in 2005 . upon issuance of a final standard , we will evaluate the impact on our consolidated financial position and results of operations . 3 . acquisitions on february 16 , 2005 , we acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company . careplus provides medicare advantage hmo plans and benefits to medicare eligible members in miami-dade , broward and palm beach counties . this acquisition enhances our medicare market position in south florida . we paid approximately $ 450 million in cash including estimated transaction costs , subject to a balance sheet settlement process with a nine month claims run-out period . we currently are in the process of allocating the purchase price to the net tangible and intangible assets . on april 1 , 2004 , we acquired ochsner health plan , or ochsner , from the ochsner clinic foundation . ochsner is a louisiana health benefits company offering network-based managed care plans to employer-groups and medicare eligible members . this acquisition enabled us to enter a new market with significant market share which should facilitate new sales opportunities in this and surrounding markets , including houston , texas . we paid $ 157.1 million in cash , including transaction costs . the fair value of the tangible assets ( liabilities ) as of the acquisition date are as follows: .
||( in thousands )|
|cash and cash equivalents|$ 15270|
|investment securities|84527|
|premiums receivable and other current assets|20616|
|property and equipment and other assets|6847|
|medical and other expenses payable|-71063 ( 71063 )|
|other current liabilities|-21604 ( 21604 )|
|other liabilities|-82 ( 82 )|
|net tangible assets acquired|$ 34511|
.
Question: what is the percentage of property and equipment and other assets among the total assets?
Answer:
|
0.0538
|
what is the percentage of property and equipment and other assets among the total assets?
|
{
"options": {
"A": "0.0538%",
"B": "0.538%",
"C": "5.38%",
"D": "53.8%"
},
"goldenKey": "A"
}
|
{
"A": "0.0538%",
"B": "0.538%",
"C": "5.38%",
"D": "53.8%"
}
|
A
|
finqa380
|
Please answer the given financial question based on the context.
Context: asbestos claims the company and several of its us subsidiaries are defendants in asbestos cases . during the year ended december 31 , 2010 , asbestos case activity is as follows: .
||asbestos cases|
|as of december 31 2009|526|
|case adjustments|2|
|new cases filed|41|
|resolved cases|-70 ( 70 )|
|as of december 31 2010|499|
because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases . the company has reserves for defense costs related to claims arising from these matters . award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) . the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law . all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend . as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement . in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement . as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts . on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh . on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) . this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 . award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation . pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out . if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment . if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg*** transmitting job : d77691 pcn : 148000000 ***%%pcmsg|148 |00010|yes|no|02/08/2011 16:10|0|0|page is valid , no graphics -- color : n| .
Question: in 2010 what was the percent of the new cases as part of the total
Answer:
|
0.08216
|
in 2010 what was the percent of the new cases as part of the total
|
{
"options": {
"A": "0.08216%",
"B": "0.008216%",
"C": "0.8216%",
"D": "8.216%"
},
"goldenKey": "A"
}
|
{
"A": "0.08216%",
"B": "0.008216%",
"C": "0.8216%",
"D": "8.216%"
}
|
A
|
finqa381
|
Please answer the given financial question based on the context.
Context: improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years . goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment . in the fourth quarter of fiscal 2011 , we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products . we performed an update to our goodwill impairment test for the enterprise reporting unit and determined there was no impairment . goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2011 , 2010 or 2009 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangibles assets was as follows: .
||weighted averageuseful life ( years )|
|purchased technology|6|
|customer contracts and relationships|10|
|trademarks|7|
|acquired rights to use technology|9|
|localization|1|
|other intangibles|3|
weighted average useful life ( years ) software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what is the average yearly amortization rate related to trademarks?
Answer:
|
14.28571
|
what is the average yearly amortization rate related to trademarks?
|
{
"options": {
"A": "6",
"B": "7",
"C": "9",
"D": "14.28571"
},
"goldenKey": "D"
}
|
{
"A": "6",
"B": "7",
"C": "9",
"D": "14.28571"
}
|
D
|
finqa382
|
Please answer the given financial question based on the context.
Context: cash and a commitment to fund the capital needs of the business until such time as its cumulative funding is equal to funding that we have provided from inception through the effective date of the transaction . the transaction created a new joint venture which does business as comercia global payments brazil . as a result of the transaction , we deconsolidated global payments brazil , and we apply the equity method of accounting to our retained interest in comercia global payments brazil . we recorded a gain on the transaction of $ 2.1 million which is included in interest and other income in the consolidated statement of income for the fiscal year ended may 31 , 2014 . the results of the brazil operation from inception until the restructuring into a joint venture on september 30 , 2013 were not material to our consolidated results of operations , and the assets and liabilities that we derecognized were not material to our consolidated balance sheet . american express portfolio on october 24 , 2013 , we acquired a merchant portfolio in the czech republic from american express limited for $ 1.9 million . the acquired assets have been classified as customer-related intangible assets and contract-based intangible assets with estimated amortization periods of 10 years . paypros on march 4 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of payment processing , inc . ( 201cpaypros 201d ) for $ 420.0 million in cash plus $ 7.7 million in cash for working capital , subject to adjustment based on a final determination of working capital . we funded the acquisition with a combination of cash on hand and proceeds from our new term loan . paypros , based in california , is a provider of fully-integrated payment solutions for small-to-medium sized merchants in the united states . paypros delivers its products and services through a network of technology-based enterprise software partners to vertical markets that are complementary to the markets served by accelerated payment technologies ( 201capt 201d ) , which we acquired in october 2012 . we acquired paypros to expand our direct distribution capabilities in the united states and to further enhance our existing integrated solutions offerings . this acquisition was recorded as a business combination , and the purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values . due to the timing of this transaction , the allocation of the purchase price is preliminary pending final valuation of intangible assets and deferred income taxes as well as resolution of the working capital settlement discussed above . the purchase price of paypros was determined by analyzing the historical and prospective financial statements . acquisition costs associated with this purchase were not material . the following table summarizes the preliminary purchase price allocation ( in thousands ) : .
|goodwill|$ 271577|
|customer-related intangible assets|147500|
|contract-based intangible assets|31000|
|acquired technology|10700|
|fixed assets|1680|
|other assets|4230|
|total assets acquired|466687|
|deferred income taxes|-38949 ( 38949 )|
|net assets acquired|$ 427738|
the preliminary purchase price allocation resulted in goodwill , included in the north america merchant services segment , of $ 271.6 million . such goodwill is attributable primarily to synergies with the services offered and markets served by paypros . the goodwill associated with the acquisition is not deductible for tax purposes . the customer-related intangible assets and the contract-based intangible assets have an estimated amortization period of 13 years . the acquired technology has an estimated amortization period of 7 years. .
Question: what percent of assets for the acquisition of paypros was deductible for taxes?
Answer:
|
0.40541
|
what percent of assets for the acquisition of paypros was deductible for taxes?
|
{
"options": {
"A": "0.2716",
"B": "0.1475",
"C": "0.3100",
"D": "0.40541"
},
"goldenKey": "D"
}
|
{
"A": "0.2716",
"B": "0.1475",
"C": "0.3100",
"D": "0.40541"
}
|
D
|
finqa383
|
Please answer the given financial question based on the context.
Context: humana inc . notes to consolidated financial statements 2014 ( continued ) not be estimated based on observable market prices , and as such , unobservable inputs were used . for auction rate securities , valuation methodologies include consideration of the quality of the sector and issuer , underlying collateral , underlying final maturity dates , and liquidity . recently issued accounting pronouncements there are no recently issued accounting standards that apply to us or that will have a material impact on our results of operations , financial condition , or cash flows . 3 . acquisitions on december 21 , 2012 , we acquired metropolitan health networks , inc. , or metropolitan , a medical services organization , or mso , that coordinates medical care for medicare advantage beneficiaries and medicaid recipients , primarily in florida . we paid $ 11.25 per share in cash to acquire all of the outstanding shares of metropolitan and repaid all outstanding debt of metropolitan for a transaction value of $ 851 million , plus transaction expenses . the preliminary fair values of metropolitan 2019s assets acquired and liabilities assumed at the date of the acquisition are summarized as follows : metropolitan ( in millions ) .
||metropolitan ( in millions )|
|cash and cash equivalents|$ 49|
|receivables net|28|
|other current assets|40|
|property and equipment|22|
|goodwill|569|
|other intangible assets|263|
|other long-term assets|1|
|total assets acquired|972|
|current liabilities|-22 ( 22 )|
|other long-term liabilities|-99 ( 99 )|
|total liabilities assumed|-121 ( 121 )|
|net assets acquired|$ 851|
the goodwill was assigned to the health and well-being services segment and is not deductible for tax purposes . the other intangible assets , which primarily consist of customer contracts and trade names , have a weighted average useful life of 8.4 years . on october 29 , 2012 , we acquired a noncontrolling equity interest in mcci holdings , llc , or mcci , a privately held mso headquartered in miami , florida that coordinates medical care for medicare advantage and medicaid beneficiaries primarily in florida and texas . the metropolitan and mcci transactions are expected to provide us with components of a successful integrated care delivery model that has demonstrated scalability to new markets . a substantial portion of the revenues for both metropolitan and mcci are derived from services provided to humana medicare advantage members under capitation contracts with our health plans . in addition , metropolitan and mcci provide services to medicare advantage and medicaid members under capitation contracts with third party health plans . under these capitation agreements with humana and third party health plans , metropolitan and mcci assume financial risk associated with these medicare advantage and medicaid members. .
Question: what are the total current assets of metropolitan?
Answer:
|
117.0
|
what are the total current assets of metropolitan?
|
{
"options": {
"A": "49",
"B": "28",
"C": "40",
"D": "117"
},
"goldenKey": "D"
}
|
{
"A": "49",
"B": "28",
"C": "40",
"D": "117"
}
|
D
|
finqa384
|
Please answer the given financial question based on the context.
Context: goodwill is assigned to one or more reporting segments on the date of acquisition . we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill . to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows . our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2012 , 2011 or 2010 . our intangible assets are amortized over their estimated useful lives of 1 to 13 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed . the weighted average useful lives of our intangible assets was as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|5|
|customer contracts and relationships|10|
|trademarks|7|
|acquired rights to use technology|9|
|localization|1|
|other intangibles|3|
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: how much longer in years is the life for customer contracts and relationships than for trademarks?
Answer:
|
3.0
|
how much longer in years is the life for customer contracts and relationships than for trademarks?
|
{
"options": {
"A": "1.0",
"B": "3.0",
"C": "5.0",
"D": "7.0"
},
"goldenKey": "B"
}
|
{
"A": "1.0",
"B": "3.0",
"C": "5.0",
"D": "7.0"
}
|
B
|
finqa385
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .
|balance at october 1 2010|$ 19900|
|increases based on positions related to prior years|935|
|increases based on positions related to current year|11334|
|decreases relating to settlements with taxing authorities|2014|
|decreases relating to lapses of applicable statutes of limitations|-33 ( 33 )|
|balance at september 30 2011|$ 32136|
the company 2019s major tax jurisdictions as of september 30 , 2011 are the united states , california , iowa , singapore and canada . for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes . for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes . for singapore , the company has open tax years dating back to fiscal year 2011 . for canada , the company has open tax years dating back to fiscal year 2004 . during the year ended september 30 , 2011 , the company did not recognize any significant amount of previously unrecognized tax benefits related to the expiration of the statute of limitations . the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense . the company recognized $ 0.5 million of accrued interest or penalties related to unrecognized tax benefits during fiscal year 2011 . 11 . stockholders 2019 equity common stock at september 30 , 2011 , the company is authorized to issue 525000000 shares of common stock , par value $ 0.25 per share of which 195407396 shares are issued and 186386197 shares outstanding . holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose . dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside . in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock . each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name . no holder of common stock is entitled to cumulate votes in voting for directors . the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or sell . on august 3 , 2010 , the board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200.0 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements . during the fiscal year ended september 30 , 2011 , the company paid approximately $ 70.0 million ( including commissions ) in connection with the repurchase of 2768045 shares of its common stock ( paying an average price of $ 25.30 per share ) . as of september 30 , 2011 , $ 130.0 million remained available under the existing share repurchase program . page 110 skyworks / annual report 2011 .
Question: in 2011 what was the percentage change in the gross unrecognized tax benefits
Answer:
|
0.61487
|
in 2011 what was the percentage change in the gross unrecognized tax benefits
|
{
"options": {
"A": "0.61487%",
"B": "6.1487%",
"C": "61.487%",
"D": "614.87%"
},
"goldenKey": "A"
}
|
{
"A": "0.61487%",
"B": "6.1487%",
"C": "61.487%",
"D": "614.87%"
}
|
A
|
finqa386
|
Please answer the given financial question based on the context.
Context: intel corporation notes to consolidated financial statements ( continued ) note 16 : other comprehensive income ( loss ) the changes in accumulated other comprehensive income ( loss ) by component and related tax effects for each period were as follows : ( in millions ) unrealized holding ( losses ) on available- for-sale investments deferred tax asset valuation allowance unrealized holding ( losses ) on derivatives service credits ( costs ) actuarial ( losses ) foreign currency translation adjustment total .
|( in millions )|unrealized holding gains ( losses ) on available-for-sale investments|deferred tax asset valuation allowance|unrealized holding gains ( losses ) on derivatives|prior service credits ( costs )|actuarial gains ( losses )|foreign currency translation adjustment|total|
|december 27 2014|$ 2459|$ 26|$ -423 ( 423 )|$ -47 ( 47 )|$ -1004 ( 1004 )|$ -345 ( 345 )|$ 666|
|other comprehensive income ( loss ) before reclassifications|-999 ( 999 )|2014|-298 ( 298 )|-2 ( 2 )|73|-187 ( 187 )|-1413 ( 1413 )|
|amounts reclassified out of accumulated other comprehensive income ( loss )|-93 ( 93 )|2014|522|10|67|2014|506|
|tax effects|382|-18 ( 18 )|-67 ( 67 )|-1 ( 1 )|-12 ( 12 )|17|301|
|other comprehensive income ( loss )|-710 ( 710 )|-18 ( 18 )|157|7|128|-170 ( 170 )|-606 ( 606 )|
|december 26 2015|1749|8|-266 ( 266 )|-40 ( 40 )|-876 ( 876 )|-515 ( 515 )|60|
|other comprehensive income ( loss ) before reclassifications|1170|2014|-26 ( 26 )|2014|-680 ( 680 )|-4 ( 4 )|460|
|amounts reclassified out of accumulated other comprehensive income ( loss )|-530 ( 530 )|2014|38|2014|170|2014|-322 ( 322 )|
|tax effects|-225 ( 225 )|-8 ( 8 )|-5 ( 5 )|2014|146|2014|-92 ( 92 )|
|other comprehensive income ( loss )|415|-8 ( 8 )|7|2014|-364 ( 364 )|-4 ( 4 )|46|
|december 31 2016|$ 2164|$ 2014|$ -259 ( 259 )|$ -40 ( 40 )|$ -1240 ( 1240 )|$ -519 ( 519 )|$ 106|
.
Question: what is the net change in accumulated other comprehensive income during 2015?
Answer:
|
-606.0
|
what is the net change in accumulated other comprehensive income during 2015?
|
{
"options": {
"A": "-710",
"B": "-606",
"C": "415",
"D": "106"
},
"goldenKey": "B"
}
|
{
"A": "-710",
"B": "-606",
"C": "415",
"D": "106"
}
|
B
|
finqa387
|
Please answer the given financial question based on the context.
Context: during 2015 , continued management actions , primarily the sale or transfer to held-for-sale of approximately $ 1.5 billion of delinquent residential first mortgages , including $ 0.9 billion in the fourth quarter largely associated with the transfer of citifinancial loans to held-for-sale referenced above , were the primary driver of the overall improvement in delinquencies within citi holdings 2019 residential first mortgage portfolio . credit performance from quarter to quarter could continue to be impacted by the amount of delinquent loan sales or transfers to held-for-sale , as well as overall trends in hpi and interest rates . north america residential first mortgages 2014state delinquency trends the following tables set forth the six u.s . states and/or regions with the highest concentration of citi 2019s residential first mortgages. .
|in billions of dollars state ( 1 )|in billions of dollars enr ( 2 )|in billions of dollars enrdistribution|in billions of dollars 90+dpd% ( 90+dpd % )|in billions of dollars %ltv >100% ( >100 % ) ( 3 )|in billions of dollars refreshedfico|in billions of dollars enr ( 2 )|in billions of dollars enrdistribution|in billions of dollars 90+dpd% ( 90+dpd % )|%ltv >100% ( >100 % ) ( 3 )|refreshedfico|
|ca|$ 19.2|37% ( 37 % )|0.2% ( 0.2 % )|1% ( 1 % )|754|$ 18.9|31% ( 31 % )|0.6% ( 0.6 % )|2% ( 2 % )|745|
|ny/nj/ct ( 4 )|12.7|25|0.8|1|751|12.2|20|1.9|2|740|
|va/md|2.2|4|1.2|2|719|3.0|5|3.0|8|695|
|il ( 4 )|2.2|4|1.0|3|735|2.5|4|2.5|9|713|
|fl ( 4 )|2.2|4|1.1|4|723|2.8|5|3.0|14|700|
|tx|1.9|4|1.0|2014|711|2.5|4|2.7|2014|680|
|other|11.0|21|1.3|2|710|18.2|30|3.3|7|677|
|total ( 5 )|$ 51.5|100% ( 100 % )|0.7% ( 0.7 % )|1% ( 1 % )|738|$ 60.1|100% ( 100 % )|2.1% ( 2.1 % )|4% ( 4 % )|715|
total ( 5 ) $ 51.5 100% ( 100 % ) 0.7% ( 0.7 % ) 1% ( 1 % ) 738 $ 60.1 100% ( 100 % ) 2.1% ( 2.1 % ) 4% ( 4 % ) 715 note : totals may not sum due to rounding . ( 1 ) certain of the states are included as part of a region based on citi 2019s view of similar hpi within the region . ( 2 ) ending net receivables . excludes loans in canada and puerto rico , loans guaranteed by u.s . government agencies , loans recorded at fair value and loans subject to long term standby commitments ( ltscs ) . excludes balances for which fico or ltv data are unavailable . ( 3 ) ltv ratios ( loan balance divided by appraised value ) are calculated at origination and updated by applying market price data . ( 4 ) new york , new jersey , connecticut , florida and illinois are judicial states . ( 5 ) improvement in state trends during 2015 was primarily due to the sale or transfer to held-for-sale of residential first mortgages , including the transfer of citifinancial residential first mortgages to held-for-sale in the fourth quarter of 2015 . foreclosures a substantial majority of citi 2019s foreclosure inventory consists of residential first mortgages . at december 31 , 2015 , citi 2019s foreclosure inventory included approximately $ 0.1 billion , or 0.2% ( 0.2 % ) , of the total residential first mortgage portfolio , compared to $ 0.6 billion , or 0.9% ( 0.9 % ) , at december 31 , 2014 , based on the dollar amount of ending net receivables of loans in foreclosure inventory , excluding loans that are guaranteed by u.s . government agencies and loans subject to ltscs . north america consumer mortgage quarterly credit trends 2014net credit losses and delinquencies 2014home equity citi 2019s home equity loan portfolio consists of both fixed-rate home equity loans and loans extended under home equity lines of credit . fixed-rate home equity loans are fully amortizing . home equity lines of credit allow for amounts to be drawn for a period of time with the payment of interest only and then , at the end of the draw period , the then-outstanding amount is converted to an amortizing loan ( the interest-only payment feature during the revolving period is standard for this product across the industry ) . after conversion , the home equity loans typically have a 20-year amortization period . as of december 31 , 2015 , citi 2019s home equity loan portfolio of $ 22.8 billion consisted of $ 6.3 billion of fixed-rate home equity loans and $ 16.5 billion of loans extended under home equity lines of credit ( revolving helocs ) . .
Question: as of december 31 , 2015 , what was the percentage of the loans extended under home equity lines of credit in the citi 2019s home equity loan portfolio
Answer:
|
0.72368
|
as of december 31 , 2015 , what was the percentage of the loans extended under home equity lines of credit in the citi 2019s home equity loan portfolio
|
{
"options": {
"A": "0.2%",
"B": "1%",
"C": "2.1%",
"D": "0.72368%"
},
"goldenKey": "D"
}
|
{
"A": "0.2%",
"B": "1%",
"C": "2.1%",
"D": "0.72368%"
}
|
D
|
finqa388
|
Please answer the given financial question based on the context.
Context: uncertain tax positions the following is a reconciliation of the company's beginning and ending amount of uncertain tax positions ( in millions ) : .
||2015|2014|
|balance at january 1|$ 191|$ 164|
|additions based on tax positions related to the current year|31|31|
|additions for tax positions of prior years|53|10|
|reductions for tax positions of prior years|-18 ( 18 )|-6 ( 6 )|
|settlements|-32 ( 32 )|2014|
|business combinations|2014|5|
|lapse of statute of limitations|-5 ( 5 )|-11 ( 11 )|
|foreign currency translation|-2 ( 2 )|-2 ( 2 )|
|balance at december 31|$ 218|$ 191|
the company's liability for uncertain tax positions as of december 31 , 2015 , 2014 , and 2013 , includes $ 180 million , $ 154 million , and $ 141 million , respectively , related to amounts that would impact the effective tax rate if recognized . it is possible that the amount of unrecognized tax benefits may change in the next twelve months ; however , we do not expect the change to have a significant impact on our consolidated statements of income or consolidated balance sheets . these changes may be the result of settlements of ongoing audits . at this time , an estimate of the range of the reasonably possible outcomes within the twelve months cannot be made . the company recognizes interest and penalties related to uncertain tax positions in its provision for income taxes . the company accrued potential interest and penalties of $ 2 million , $ 4 million , and $ 2 million in 2015 , 2014 , and 2013 , respectively . the company recorded a liability for interest and penalties of $ 33 million , $ 31 million , and $ 27 million as of december 31 , 2015 , 2014 , and 2013 , respectively . the company and its subsidiaries file income tax returns in their respective jurisdictions . the company has substantially concluded all u.s . federal income tax matters for years through 2007 . material u.s . state and local income tax jurisdiction examinations have been concluded for years through 2005 . the company has concluded income tax examinations in its primary non-u.s . jurisdictions through 2005 . 9 . shareholders' equity distributable reserves as a u.k . incorporated company , the company is required under u.k . law to have available "distributable reserves" to make share repurchases or pay dividends to shareholders . distributable reserves may be created through the earnings of the u.k . parent company and , amongst other methods , through a reduction in share capital approved by the english companies court . distributable reserves are not linked to a u.s . gaap reported amount ( e.g. , retained earnings ) . as of december 31 , 2015 and 2014 , the company had distributable reserves in excess of $ 2.1 billion and $ 4.0 billion , respectively . ordinary shares in april 2012 , the company's board of directors authorized a share repurchase program under which up to $ 5.0 billion of class a ordinary shares may be repurchased ( "2012 share repurchase program" ) . in november 2014 , the company's board of directors authorized a new $ 5.0 billion share repurchase program in addition to the existing program ( "2014 share repurchase program" and , together , the "repurchase programs" ) . under each program , shares may be repurchased through the open market or in privately negotiated transactions , based on prevailing market conditions , funded from available capital . during 2015 , the company repurchased 16.0 million shares at an average price per share of $ 97.04 for a total cost of $ 1.6 billion under the repurchase programs . during 2014 , the company repurchased 25.8 million shares at an average price per share of $ 87.18 for a total cost of $ 2.3 billion under the 2012 share repurchase plan . in august 2015 , the $ 5 billion of class a ordinary shares authorized under the 2012 share repurchase program was exhausted . at december 31 , 2015 , the remaining authorized amount for share repurchase under the 2014 share repurchase program is $ 4.1 billion . under the repurchase programs , the company repurchased a total of 78.1 million shares for an aggregate cost of $ 5.9 billion. .
Question: in 2015 what was the percentage change in the uncertain tax positions
Answer:
|
27.0
|
in 2015 what was the percentage change in the uncertain tax positions
|
{
"options": {
"A": "18.0",
"B": "27.0",
"C": "36.0",
"D": "45.0"
},
"goldenKey": "B"
}
|
{
"A": "18.0",
"B": "27.0",
"C": "36.0",
"D": "45.0"
}
|
B
|
finqa389
|
Please answer the given financial question based on the context.
Context: 29 annual report 2012 duke realty corporation | | those indirect costs not allocated to or absorbed by these operations are charged to general and administrative expenses . we regularly review our total overhead cost structure relative to our leasing , development and construction volume and adjust the level of total overhead , generally through changes in our level of staffing in various functional departments , as necessary in order to control overall general and administrative expense . general and administrative expenses increased from $ 43.1 million in 2011 to $ 46.4 million in 2012 . the following table sets forth the factors that led to the increase in general and administrative expenses from 2011 to 2012 ( in millions ) : .
|general and administrative expenses - 2011|$ 43.1|
|reduction to overall pool of overhead costs ( 1 )|-11.0 ( 11.0 )|
|increased absorption of costs by wholly-owned development and leasing activities ( 2 )|-14.7 ( 14.7 )|
|reduced allocation of costs to service operations and rental operations ( 3 )|29.0|
|general and administrative expenses - 2012|$ 46.4|
( 1 ) we reduced our total pool of overhead costs , through staff reductions and other measures , as the result of changes in our product mix and anticipated future levels of third-party construction , leasing , management and other operational activities . ( 2 ) we increased our focus on development of wholly-owned properties , and also significantly increased our leasing activity during 2012 , which resulted in an increased absorption of overhead costs . we capitalized $ 30.4 million and $ 20.0 million of our total overhead costs to leasing and development , respectively , for consolidated properties during 2012 , compared to capitalizing $ 25.3 million and $ 10.4 million of such costs , respectively , for 2011 . combined overhead costs capitalized to leasing and development totaled 31.1% ( 31.1 % ) and 20.6% ( 20.6 % ) of our overall pool of overhead costs for 2012 and 2011 , respectively . ( 3 ) the reduction in the allocation of overhead costs to service operations and rental operations resulted from reduced volumes of third-party construction projects as well as due to reducing our overall investment in office properties , which are more management intensive . interest expense interest expense allocable to continuing operations increased from $ 220.5 million in 2011 to $ 245.2 million in 2012 . we had $ 47.4 million of interest expense allocated to discontinued operations in 2011 , associated with the properties that were disposed of during 2011 , compared to the allocation of only $ 3.1 million of interest expense to discontinued operations for 2012 . total interest expense , combined for continuing and discontinued operations , decreased from $ 267.8 million in 2011 to $ 248.3 million in 2012 . the reduction in total interest expense was primarily the result of a lower weighted average borrowing rate in 2012 , due to refinancing some higher rate bonds in 2011 and 2012 , as well as a slight decrease in our average level of borrowings compared to 2011 . also , due to an increase in properties under development from 2011 , which met the criteria for capitalization of interest and were financed in part by common equity issuances during 2012 , a $ 5.0 million increase in capitalized interest also contributed to the decrease in total interest expense in 2012 . acquisition-related activity during 2012 , we recognized approximately $ 4.2 million in acquisition costs , compared to $ 2.3 million of such costs in 2011 . the increase from 2011 to 2012 is the result of acquiring a higher volume of medical office properties , where a higher level of acquisition costs are incurred than other property types , in 2012 . 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 . discontinued operations subject to certain criteria , the results of operations for properties sold during the year to unrelated parties , or classified as held-for-sale at the end of the period , are required to be classified as discontinued operations . the property specific components of earnings that are classified as discontinued operations include rental revenues , rental expenses , real estate taxes , allocated interest expense and depreciation expense , as well as the net gain or loss on the disposition of properties . the operations of 150 buildings are currently classified as discontinued operations . these 150 buildings consist of 114 office , 30 industrial , four retail , and two medical office properties . as a result , we classified operating losses , before gain on sales , of $ 1.5 million , $ 1.8 million and $ 7.1 million in discontinued operations for the years ended december 31 , 2012 , 2011 and 2010 , respectively . of these properties , 28 were sold during 2012 , 101 properties were sold during 2011 and 19 properties were sold during 2010 . the gains on disposal of these properties of $ 13.5 million , $ 100.9 million and $ 33.1 million for the years ended december 31 , 2012 , 2011 and .
Question: what was the percentage change in the general and administrative expenses in 2012
Answer:
|
0.07657
|
what was the percentage change in the general and administrative expenses in 2012
|
{
"options": {
"A": "7.657%",
"B": "7.6572%",
"C": "0.7657%",
"D": "0.07657%"
},
"goldenKey": "D"
}
|
{
"A": "7.657%",
"B": "7.6572%",
"C": "0.7657%",
"D": "0.07657%"
}
|
D
|
finqa390
|
Please answer the given financial question based on the context.
Context: during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options . as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years . stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives . the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria . annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached . a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: .
||2013|2012|2011|
|balance at beginning of year|2804901|2912456|2728290|
|granted|192563|92729|185333|
|cancelled|-3267 ( 3267 )|-200284 ( 200284 )|-1167 ( 1167 )|
|balance at end of year|2994197|2804901|2912456|
|vested during the year|21074|408800|66299|
|compensation expense recorded|$ 6713155|$ 6930381|$ 17365401|
|weighted average fair value of restricted stock granted during the year|$ 17386949|$ 7023942|$ 21768084|
weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively . as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years . for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options . we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively . the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 . a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price . the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions . as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years . during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively . 2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp . 2010 notional unit long-term compensation program , or the 2010 long-term compensation plan . the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year . in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) . the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively . substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: what percentage of restricted stock was canceled in 2013?
Answer:
|
0.00116
|
what percentage of restricted stock was canceled in 2013?
|
{
"options": {
"A": "0.00116%",
"B": "0.116%",
"C": "1.16%",
"D": "11.6%"
},
"goldenKey": "A"
}
|
{
"A": "0.00116%",
"B": "0.116%",
"C": "1.16%",
"D": "11.6%"
}
|
A
|
finqa391
|
Please answer the given financial question based on the context.
Context: 2018 ppg annual report and form 10-k 59 other acquisitions in 2018 , 2017 , and 2016 , the company completed several smaller business acquisitions . the total consideration paid for these acquisitions , net of cash acquired , debt assumed and other post closing adjustments , was $ 108 million , $ 74 million and $ 43 million , respectively . in january 2018 , ppg acquired procoatings , a leading architectural paint and coatings wholesaler located in the netherlands . procoatings , established in 2001 , distributes a large portfolio of well-known professional paint brands through its network of 23 multi-brand stores . the company employs nearly 100 people . the results of this business since the date of acquisition have been reported within the architectural coatings americas and asia pacific business within the performance coatings reportable segment . in january 2017 , ppg acquired certain assets of automotive refinish coatings company futian xinshi ( 201cfutian 201d ) , based in the guangdong province of china . futian distributes its products in china through a network of more than 200 distributors . in january 2017 , ppg completed the acquisition of deutek s.a. , a leading romanian paint and architectural coatings manufacturer , from the emerging europe accession fund . deutek , established in 1993 , manufactures and markets a large portfolio of well-known professional and consumer paint brands , including oskar and danke! . the company 2019s products are sold in more than 120 do-it-yourself stores and 3500 independent retail outlets in romania . divestitures glass segment in 2017 , ppg completed a multi-year strategic shift in the company's business portfolio , resulting in the exit of all glass operations which consisted of the global fiber glass business , ppg's ownership interest in two asian fiber glass joint ventures and the flat glass business . accordingly , the results of operations , including the gains on the divestitures , and cash flows have been recast as discontinued operations for all periods presented . ppg now has two reportable business segments . the net sales and income from discontinued operations related to the former glass segment for the three years ended december 31 , 2018 , 2017 , and 2016 were as follows: .
|( $ in millions )|2018|2017|2016|
|net sales|$ 2014|$ 217|$ 908|
|income from operations|$ 21|$ 30|$ 111|
|net gains on the divestitures of businesses|2014|343|421|
|income tax expense|5|140|202|
|income from discontinued operations net of tax|$ 16|$ 233|$ 330|
during 2018 , ppg released $ 13 million of previously recorded accruals and contingencies established in conjunction with the divestitures of businesses within the former glass segment as a result of completed actions , new information and updated estimates . also during 2018 , ppg made a final payment of $ 20 million to vitro s.a.b . de c.v related to the transfer of certain pension obligations upon the sale of the former flat glass business . north american fiber glass business on september 1 , 2017 , ppg completed the sale of its north american fiber glass business to nippon electric glass co . ltd . ( 201cneg 201d ) . cash proceeds from the sale were $ 541 million , resulting in a pre-tax gain of $ 343 million , net of certain accruals and contingencies established in conjunction with the divestiture . ppg 2019s fiber glass operations included manufacturing facilities in chester , south carolina , and lexington and shelby , north carolina ; and administrative and research-and-development operations in shelby and in harmar , pennsylvania , near pittsburgh . the business , which employed more than 1000 people and had net sales of approximately $ 350 million in 2016 , supplies the transportation , energy , infrastructure and consumer markets . flat glass business in october 2016 , ppg completed the sale of its flat glass manufacturing and glass coatings operations to vitro s.a.b . de c.v . ppg received approximately $ 740 million in cash proceeds and recorded a pre-tax gain of $ 421 million on the sale . under the terms of the agreement , ppg divested its entire flat glass manufacturing and glass coatings operations , including production sites located in fresno , california ; salem , oregon ; carlisle , pennsylvania ; and wichita falls , texas ; four distribution/fabrication facilities located across canada ; and a research-and-development center located in harmar , pennsylvania . ppg 2019s flat glass business included approximately 1200 employees . the business manufactures glass that is fabricated into products used primarily in commercial and residential construction . notes to the consolidated financial statements .
Question: what was operating income return on sales on the discontinued glass segment in 2016?
Answer:
|
0.12225
|
what was operating income return on sales on the discontinued glass segment in 2016?
|
{
"options": {
"A": "0.12225",
"B": "0.1379",
"C": "0.0987",
"D": "0.1111"
},
"goldenKey": "A"
}
|
{
"A": "0.12225",
"B": "0.1379",
"C": "0.0987",
"D": "0.1111"
}
|
A
|
finqa392
|
Please answer the given financial question based on the context.
Context: in the ordinary course of business , based on our evaluations of certain geologic trends and prospective economics , we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future . if production is not established or we take no other action to extend the terms of the leases , licenses , or concessions , undeveloped acreage listed in the table below will expire over the next three years . we plan to continue the terms of many of these licenses and concession areas or retain leases through operational or administrative actions . net undeveloped acres expiring year ended december 31 .
|( in thousands )|net undeveloped acres expiring year ended december 31 , 2015|net undeveloped acres expiring year ended december 31 , 2016|net undeveloped acres expiring year ended december 31 , 2017|
|u.s .|211|150|94|
|e.g .|36|2014|2014|
|other africa|1950|1502|1089|
|total africa|1986|1502|1089|
|other international|88|2014|2014|
|total|2285|1652|1183|
oil sands mining segment we hold a 20 percent non-operated interest in the aosp , an oil sands mining and upgrading joint venture located in alberta , canada . the joint venture produces bitumen from oil sands deposits in the athabasca region utilizing mining techniques and upgrades the bitumen to synthetic crude oils and vacuum gas oil . the aosp 2019s mining and extraction assets are located near fort mcmurray , alberta , and include the muskeg river and the jackpine mines . gross design capacity of the combined mines is 255000 ( 51000 net to our interest ) barrels of bitumen per day . the aosp operations use established processes to mine oil sands deposits from an open-pit mine , extract the bitumen and upgrade it into synthetic crude oils . ore is mined using traditional truck and shovel mining techniques . the mined ore passes through primary crushers to reduce the ore chunks in size and is then sent to rotary breakers where the ore chunks are further reduced to smaller particles . the particles are combined with hot water to create slurry . the slurry moves through the extraction process where it separates into sand , clay and bitumen-rich froth . a solvent is added to the bitumen froth to separate out the remaining solids , water and heavy asphaltenes . the solvent washes the sand and produces clean bitumen that is required for the upgrader to run efficiently . the process yields a mixture of solvent and bitumen which is then transported from the mine to the scotford upgrader via the approximately 300-mile corridor pipeline . the aosp's scotford upgrader is located at fort saskatchewan , northeast of edmonton , alberta . the bitumen is upgraded at scotford using both hydrotreating and hydroconversion processes to remove sulfur and break the heavy bitumen molecules into lighter products . blendstocks acquired from outside sources are utilized in the production of our saleable products . the upgrader produces synthetic crude oils and vacuum gas oil . the vacuum gas oil is sold to an affiliate of the operator under a long-term contract at market-related prices , and the other products are sold in the marketplace . as of december 31 , 2014 , we own or have rights to participate in developed and undeveloped leases totaling approximately 163000 gross ( 33000 net ) acres . the underlying developed leases are held for the duration of the project , with royalties payable to the province of alberta . synthetic crude oil sales volumes for 2014 averaged 50 mbbld and net-of-royalty production was 41 mbbld . in december 2013 , a jackpine mine expansion project received conditional approval from the canadian government . the project includes additional mining areas , associated processing facilities and infrastructure . the government conditions relate to wildlife , the environment and aboriginal health issues . we will evaluate the potential expansion project and government conditions after infrastructure reliability initiatives are completed . the governments of alberta and canada have agreed to partially fund quest ccs for $ 865 million canadian . in the third quarter of 2012 , the energy and resources conservation board ( "ercb" ) , alberta's primary energy regulator at that time , conditionally approved the project and the aosp partners approved proceeding to construct and operate quest ccs . government funding commenced in 2012 and continued as milestones were achieved during the development , construction and operating phases . failure of the aosp to meet certain timing , performance and operating objectives may result in repaying some of the government funding . construction and commissioning of quest ccs is expected to be completed by late 2015. .
Question: what are total african net undeveloped acres in thousands for 12/31/15?
Answer:
|
3936.0
|
what are total african net undeveloped acres in thousands for 12/31/15?
|
{
"options": {
"A": "1986",
"B": "1502",
"C": "1089",
"D": "3936"
},
"goldenKey": "D"
}
|
{
"A": "1986",
"B": "1502",
"C": "1089",
"D": "3936"
}
|
D
|
finqa393
|
Please answer the given financial question based on the context.
Context: 31mar201122064257 positions which were required to be capitalized . there are no positions which we anticipate could change materially within the next twelve months . liquidity and capital resources .
|( dollars in thousands )|fiscal years ended october 1 2010|fiscal years ended october 2 2009|fiscal years ended october 3 2008|
|cash and cash equivalents at beginning of period|$ 364221|$ 225104|$ 241577|
|net cash provided by operating activities|222962|218805|182673|
|net cash used in investing activities|-95329 ( 95329 )|-49528 ( 49528 )|-94959 ( 94959 )|
|net cash used in financing activities|-38597 ( 38597 )|-30160 ( 30160 )|-104187 ( 104187 )|
|cash and cash equivalents at end of period ( 1 )|$ 453257|$ 364221|$ 225104|
( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 . during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 . despite the increase in net income , net cash provided by operating activities remained relatively consistent . this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 . 2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity . compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively . cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions . we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 . the increase is primarily due to an increase of $ 49.8 million in capital expenditures . we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate . cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity . during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 . during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument . 2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 . skyworks / 2010 annual report 103 .
Question: what was the percentage change in the net cash outflows in 2010 compared to 2009
Answer:
|
0.92525
|
what was the percentage change in the net cash outflows in 2010 compared to 2009
|
{
"options": {
"A": "0.92525",
"B": "0.0498",
"C": "0.38597",
"D": "0.3016"
},
"goldenKey": "A"
}
|
{
"A": "0.92525",
"B": "0.0498",
"C": "0.38597",
"D": "0.3016"
}
|
A
|
finqa394
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years . employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees . under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period . employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) . the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year . during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , 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 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively . at december 31 , 2010 , 8.7 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: .
||2010|2009|2008|
|range of risk-free interest rate|0.22% ( 0.22 % ) - 0.23% ( 0.23 % )|0.29% ( 0.29 % ) - 0.44% ( 0.44 % )|1.99% ( 1.99 % ) - 3.28% ( 3.28 % )|
|weighted average risk-free interest rate|0.22% ( 0.22 % )|0.38% ( 0.38 % )|2.58% ( 2.58 % )|
|expected life of shares|6 months|6 months|6 months|
|range of expected volatility of underlying stock price|35.26% ( 35.26 % ) - 35.27% ( 35.27 % )|35.31% ( 35.31 % ) - 36.63% ( 36.63 % )|27.85% ( 27.85 % ) - 28.51% ( 28.51 % )|
|weighted average expected volatility of underlying stock price|35.26% ( 35.26 % )|35.83% ( 35.83 % )|28.51% ( 28.51 % )|
|expected annual dividends|n/a|n/a|n/a|
13 . stockholders 2019 equity warrants 2014in 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 none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively . these warrants expired on february 10 , 2010 . stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what is the total cash received from shares purchased from employees during 2009 , in millions?
Answer:
|
1.85324
|
what is the total cash received from shares purchased from employees during 2009 , in millions?
|
{
"options": {
"A": "1.85324",
"B": "2.85324",
"C": "3.85324",
"D": "4.85324"
},
"goldenKey": "A"
}
|
{
"A": "1.85324",
"B": "2.85324",
"C": "3.85324",
"D": "4.85324"
}
|
A
|
finqa395
|
Please answer the given financial question based on the context.
Context: purchased scrap metal from third-parties ) that were either divested or permanently closed in december 2014 ( see global rolled products below ) . intersegment sales for this segment improved 12% ( 12 % ) in 2014 compared with 2013 , principally due to an increase in average realized price , driven by higher regional premiums , and higher demand from the midstream and downstream businesses . atoi for the primary metals segment decreased $ 439 in 2015 compared with 2014 , primarily caused by both the previously mentioned lower average realized aluminum price and lower energy sales , higher energy costs ( mostly in spain as the 2014 interruptibility rights were more favorable than the 2015 structure ) , and an unfavorable impact related to the curtailment of the s e3o lu eds smelter . these negative impacts were somewhat offset by net favorable foreign currency movements due to a stronger u.s . dollar against most major currencies , net productivity improvements , the absence of a write-off of inventory related to the permanent closure of the portovesme , point henry , and massena east smelters ( $ 44 ) , and a lower equity loss related to the joint venture in saudi arabia , including the absence of restart costs for one of the potlines that was previously shut down due to a period of instability . atoi for this segment climbed $ 614 in 2014 compared with 2013 , principally related to a higher average realized aluminum price ; the previously mentioned energy sales in brazil ; net productivity improvements ; net favorable foreign currency movements due to a stronger u.s . dollar against all major currencies ; lower costs for carbon and alumina ; and the absence of costs related to a planned maintenance outage in 2013 at a power plant in australia . these positive impacts were slightly offset by an unfavorable impact associated with the 2013 and 2014 capacity reductions described above , including a write-off of inventory related to the permanent closure of the portovesme , point henry , and massena east smelters ( $ 44 ) , and higher energy costs ( particularly in spain ) , labor , and maintenance . in 2016 , aluminum production will be approximately 450 kmt lower and third-party sales will reflect the absence of approximately $ 400 both as a result of the 2015 curtailment and closure actions . also , energy sales in brazil will be negatively impacted by a decline in energy prices , while net productivity improvements are anticipated . global rolled products .
||2015|2014|2013|
|third-party aluminum shipments ( kmt )|1775|1964|1905|
|alcoa 2019s average realized price per metric ton of aluminum*|$ 3514|$ 3743|$ 3730|
|third-party sales|$ 6238|$ 7351|$ 7106|
|intersegment sales|125|185|178|
|total sales|$ 6363|$ 7536|$ 7284|
|atoi|$ 244|$ 245|$ 292|
* generally , average realized price per metric ton of aluminum includes two elements : a ) the price of metal ( the underlying base metal component plus a regional premium 2013 see the footnote to the table in primary metals above for a description of these two components ) , and b ) the conversion price , which represents the incremental price over the metal price component that is associated with converting primary aluminum into sheet and plate . in this circumstance , the metal price component is a pass- through to this segment 2019s customers with limited exception ( e.g. , fixed-priced contracts , certain regional premiums ) . this segment represents alcoa 2019s midstream operations and produces aluminum sheet and plate for a variety of end markets . approximately one-half of the third-party shipments in this segment consist of sheet sold directly to customers in the packaging end market for the production of aluminum cans ( beverage , food , and pet food ) . seasonal increases in can sheet sales are generally experienced in the second and third quarters of the year . this segment also includes sheet and plate sold directly to customers and through distributors related to the aerospace , automotive , commercial transportation , building and construction , and industrial products ( mainly used in the production of machinery and equipment and consumer durables ) end markets . a small portion of this segment also produces aseptic foil for the packaging end market . while the customer base for flat-rolled products is large , a significant amount of sales of sheet and plate is to a relatively small number of customers . in this circumstance , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s . dollar , the euro , the russian ruble , the brazilian real , and the british pound. .
Question: considering the year 2014 , what is the percentage of intersegment sales concerning total sales?
Answer:
|
0.02455
|
considering the year 2014 , what is the percentage of intersegment sales concerning total sales?
|
{
"options": {
"A": "0.02455",
"B": "0.025",
"C": "0.024",
"D": "0.023"
},
"goldenKey": "A"
}
|
{
"A": "0.02455",
"B": "0.025",
"C": "0.024",
"D": "0.023"
}
|
A
|
finqa396
|
Please answer the given financial question based on the context.
Context: indemnification and repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors . in connection with pooled settlements , we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction . for the first and second-lien mortgage balances of unresolved and settled claims contained in the tables below , a significant amount of these claims were associated with sold loans originated through correspondent lender and broker origination channels . in certain instances when indemnification or repurchase claims are settled for these types of sold loans , we have recourse back to the correspondent lenders , brokers and other third-parties ( e.g. , contract underwriting companies , closing agents , appraisers , etc. ) . depending on the underlying reason for the investor claim , we determine our ability to pursue recourse with these parties and file claims with them accordingly . our historical recourse recovery rate has been insignificant as our efforts have been impacted by the inability of such parties to reimburse us for their recourse obligations ( e.g. , their capital availability or whether they remain in business ) or factors that limit our ability to pursue recourse from these parties ( e.g. , contractual loss caps , statutes of limitations ) . origination and sale of residential mortgages is an ongoing business activity , and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements . we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages for which indemnification is expected to be provided or for loans that are expected to be repurchased . for the first and second- lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made , demand patterns observed to date and/or expected in the future , and our estimate of future claims on a loan by loan basis . to estimate the mortgage repurchase liability arising from breaches of representations and warranties , we consider the following factors : ( i ) borrower performance in our historically sold portfolio ( both actual and estimated future defaults ) , ( ii ) the level of outstanding unresolved repurchase claims , ( iii ) estimated probable future repurchase claims , considering information about file requests , delinquent and liquidated loans , resolved and unresolved mortgage insurance rescission notices and our historical experience with claim rescissions , ( iv ) the potential ability to cure the defects identified in the repurchase claims ( 201crescission rate 201d ) , and ( v ) the estimated severity of loss upon repurchase of the loan or collateral , make-whole settlement , or indemnification . see note 24 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information . the following tables present the unpaid principal balance of repurchase claims by vintage and total unresolved repurchase claims for the past five quarters . table 28 : analysis of quarterly residential mortgage repurchase claims by vintage dollars in millions december 31 september 30 june 30 march 31 december 31 .
|dollars in millions|december 31 2012|september 30 2012|june 30 2012|march 31 2012|december 312011|
|2004 & prior|$ 11|$ 15|$ 31|$ 10|$ 11|
|2005|8|10|19|12|13|
|2006|23|30|56|41|28|
|2007|45|137|182|100|90|
|2008|7|23|49|17|18|
|2008 & prior|94|215|337|180|160|
|2009 2013 2012|38|52|42|33|29|
|total|$ 132|$ 267|$ 379|$ 213|$ 189|
|fnma fhlmc and gnma % ( % )|94% ( 94 % )|87% ( 87 % )|86% ( 86 % )|88% ( 88 % )|91% ( 91 % )|
the pnc financial services group , inc . 2013 form 10-k 79 .
Question: for 2012 quarterly residential mortgage repurchase claims , what was the change in millions between originations from first and second quarter of 2007?
Answer:
|
10.0
|
for 2012 quarterly residential mortgage repurchase claims , what was the change in millions between originations from first and second quarter of 2007?
|
{
"options": {
"A": "10.0",
"B": "20.0",
"C": "30.0",
"D": "40.0"
},
"goldenKey": "A"
}
|
{
"A": "10.0",
"B": "20.0",
"C": "30.0",
"D": "40.0"
}
|
A
|
finqa397
|
Please answer the given financial question based on the context.
Context: the aeronautics segment generally includes fewer programs that have much larger sales and operating results than programs included in the other segments . due to the large number of comparatively smaller programs in the remaining segments , the discussion of the results of operations of those business segments focuses on lines of business within the segment rather than on specific programs . the following tables of financial information and related discussion of the results of operations of our business segments are consistent with the presentation of segment information in note 5 to the financial statements . we have a number of programs that are classified by the u.s . government and cannot be specifically described . the operating results of these classified programs are included in our consolidated and business segment results , and are subjected to the same oversight and internal controls as our other programs . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support , and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles , and related technologies . key combat aircraft programs include the f-35 lightning ii , f-16 fighting falcon , and f-22 raptor fighter aircraft . key air mobility programs include the c-130j super hercules and the c-5m super galaxy . aeronautics provides logistics support , sustainment , and upgrade modification services for its aircraft . aeronautics 2019 operating results included the following : ( in millions ) 2010 2009 2008 .
|( in millions )|2010|2009|2008|
|net sales|$ 13235|$ 12201|$ 11473|
|operating profit|1502|1577|1433|
|operating margin|11.3% ( 11.3 % )|12.9% ( 12.9 % )|12.5% ( 12.5 % )|
|backlog at year-end|27500|26700|27200|
net sales for aeronautics increased by 8% ( 8 % ) in 2010 compared to 2009 . sales increased in all three lines of business during the year . the $ 800 million increase in air mobility primarily was attributable to higher volume on c-130 programs , including deliveries and support activities , as well as higher volume on the c-5 reliability enhancement and re-engining program ( rerp ) . there were 25 c-130j deliveries in 2010 compared to 16 in 2009 . the $ 179 million increase in combat aircraft principally was due to higher volume on f-35 production contracts , which partially was offset by lower volume on the f-35 sdd contract and a decline in volume on f-16 , f-22 and other combat aircraft programs . there were 20 f-16 deliveries in 2010 compared to 31 in 2009 . the $ 55 million increase in other aeronautics programs mainly was due to higher volume on p-3 and advanced development programs , which partially were offset by a decline in volume on sustainment activities . net sales for aeronautics increased by 6% ( 6 % ) in 2009 compared to 2008 . during the year , sales increased in all three lines of business . the increase of $ 296 million in air mobility 2019s sales primarily was attributable to higher volume on the c-130 programs , including deliveries and support activities . there were 16 c-130j deliveries in 2009 and 12 in 2008 . combat aircraft sales increased $ 316 million principally due to higher volume on the f-35 program and increases in f-16 deliveries , which partially were offset by lower volume on f-22 and other combat aircraft programs . there were 31 f-16 deliveries in 2009 compared to 28 in 2008 . the $ 116 million increase in other aeronautics programs mainly was due to higher volume on p-3 programs and advanced development programs , which partially were offset by declines in sustainment activities . operating profit for the segment decreased by 5% ( 5 % ) in 2010 compared to 2009 . a decline in operating profit in combat aircraft partially was offset by increases in other aeronautics programs and air mobility . the $ 149 million decrease in combat aircraft 2019s operating profit primarily was due to lower volume and a decrease in the level of favorable performance adjustments on the f-22 program , the f-35 sdd contract and f-16 and other combat aircraft programs in 2010 . these decreases more than offset increased operating profit resulting from higher volume and improved performance on f-35 production contracts in 2010 . the $ 35 million increase in other aeronautics programs mainly was attributable to higher volume and improved performance on p-3 and advanced development programs as well as an increase in the level of favorable performance adjustments on sustainment activities in 2010 . the $ 19 million increase in air mobility operating profit primarily was due to higher volume and improved performance in 2010 on c-130j support activities , which more than offset a decrease in operating profit due to a lower level of favorable performance adjustments on c-130j deliveries in 2010 . the remaining change in operating profit is attributable to an increase in other income , net between the comparable periods . aeronautics 2019 2010 operating margins have decreased when compared to 2009 . the operating margin decrease reflects the life cycles of our significant programs . specifically , aeronautics is performing more development and initial production work on the f-35 program and is performing less work on more mature programs such as the f-22 and f-16 . development and initial production contracts yield lower profits than mature full rate programs . accordingly , while net sales increased in 2010 relative to 2009 , operating profit decreased and consequently operating margins have declined. .
Question: what were average operating profit for aeronautics in millions from 2008 to 2010?
Answer:
|
1504.0
|
what were average operating profit for aeronautics in millions from 2008 to 2010?
|
{
"options": {
"A": "1433.0",
"B": "1502.0",
"C": "1577.0",
"D": "1504.0"
},
"goldenKey": "D"
}
|
{
"A": "1433.0",
"B": "1502.0",
"C": "1577.0",
"D": "1504.0"
}
|
D
|
finqa398
|
Please answer the given financial question based on the context.
Context: entergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income . 2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .
||amount ( in millions )|
|2015 net revenue|$ 293.9|
|retail electric price|39.0|
|net gas revenue|-2.5 ( 2.5 )|
|volume/weather|-5.1 ( 5.1 )|
|other|-8.1 ( 8.1 )|
|2016 net revenue|$ 317.2|
the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station . see note 14 to the financial statements for discussion of the union power station purchase . the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales . the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .
Question: what is the growth rate in net revenue in 2016 for entergy new orleans , inc?
Answer:
|
0.07928
|
what is the growth rate in net revenue in 2016 for entergy new orleans , inc?
|
{
"options": {
"A": "0.07928",
"B": "0.07929",
"C": "0.07930",
"D": "0.07931"
},
"goldenKey": "A"
}
|
{
"A": "0.07928",
"B": "0.07929",
"C": "0.07930",
"D": "0.07931"
}
|
A
|
finqa399
|
Please answer the given financial question based on the context.
Context: korea engineering plastics co. , ltd . founded in 1987 , kepco is the leading producer of pom in south korea . kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc . ( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) . kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc . in a world-scale pom facility in nantong , china . polyplastics co. , ltd . polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) . established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china . fortron industries llc . fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . established in 1992 , fortron is a limited liability company whose members are ticona fortron inc . ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd . of japan ) . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha . china acetate strategic ventures . we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china . these include the nantong cellulose fibers co . ltd. , kunming cellulose fibers co . ltd . and zhuhai cellulose fibers co . ltd . the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures . with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook . combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers . in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 . since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends . our chinese acetate ventures fund their operations using operating cash flow . during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 . in 2010 , we made contributions of $ 12 million . our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year . in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively . although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants . the table below represents our equity investments in infraserv ventures as of december 31 , 2011: .
||ownership % ( % )|
|infraserv gmbh & co . gendorf kg|39|
|infraserv gmbh & co . knapsack kg|27|
|infraserv gmbh & co . hoechst kg|32|
.
Question: what was the percentage growth in the cash dividends from 2009 to 2010
Answer:
|
0.26786
|
what was the percentage growth in the cash dividends from 2009 to 2010
|
{
"options": {
"A": "0.26786",
"B": "0.21429",
"C": "0.125",
"D": "0.17857"
},
"goldenKey": "A"
}
|
{
"A": "0.26786",
"B": "0.21429",
"C": "0.125",
"D": "0.17857"
}
|
A
|
finqa401
|
Please answer the given financial question based on the context.
Context: ace usa 2019s reduction in net premiums earned in 2008 was primarily driven by the decrease in financial solutions business , as the prior year included approximately $ 170 million related to a one-time assumed loss portfolio transfer program . in addition , net premiums earned were lower in 2008 due to decreases in middle-market workers 2019 compensation business , large risk accounts and property , reflecting competitive market conditions and declining business that did not meet our selective under- writing standards . these reductions were partially offset by growth in ace usa 2019s professional liability , specialty casualty , a&h , inland marine and foreign casualty units . ace usa 2019s increase in net premiums earned in 2007 , compared with 2006 , was primarily driven by assumed loss portfolio business , as well as new business in the energy unit and growth in specialty casu- alty lines . ace usa 2019s curtailment of middle market worker 2019s compensation business partially offset these increases . ace westchester 2019s reduction in net premiums earned over the last two years was primarily due to declines in casualty and inland marine business , which resulted from competitive market conditions . this trend was partially offset by crop business growth , which benefited from generally higher commodity prices for most of 2008 and in 2007 . ace bermuda 2019s reduction in net premiums earned in 2008 , compared with 2007 , was a result of lower production , and the decrease in 2007 , compared with 2006 , was primarily due to the curtailment of financial solutions business . insurance 2013 north american 2019s loss and loss expense ratio increased in 2008 and 2007 . the following table shows the impact of catastrophe losses and prior period development on our loss and loss expense ratio for the years ended december 31 , 2008 , 2007 , and 2006. .
||2008|2007|2006|
|loss and loss expense ratio as reported|71.8 % ( % )|71.1 % ( % )|70.4 % ( % )|
|catastrophe losses|( 5.4 ) % ( % )|( 0.3 ) % ( % )|2013 % ( % )|
|prior period development|6.2 % ( % )|( 0.2 ) % ( % )|( 1.2 ) % ( % )|
|loss and loss expense ratio adjusted|72.6 % ( % )|70.6 % ( % )|69.2 % ( % )|
insurance 2013 north american 2019s catastrophe losses were $ 298 million in 2008 , compared with $ 16 million in 2007 , and $ nil in 2006 . catastrophe losses in 2008 were primarily related to hurricanes gustav and ike . insurance 2013 north american incurred net favorable prior period development of $ 351 million in 2008 . this compares with net adverse prior period development of $ 9 million and $ 65 million in 2007 and 2006 , respectively . refer to 201cprior period development 201d for more information . the increase in the loss and loss expense ratio as adjusted in 2008 , compared with 2007 , was primarily due to changes in business mix , specifically higher premiums from the crop business , which carries a relatively high current accident year loss ratio . in addition , the 2008 loss and loss expense ratio reflects increased loss costs , including higher incurred losses for non-catastrophe events that affected the property , marine and energy business units . insurance 2013 north american 2019s policy acquisition cost ratio increased in 2008 , compared with 2007 , due in part to the inclusion of ace private risk services in 2008 , which generates a higher acquisition cost ratio than our commercial p&c business . the increase also reflects higher acquisition costs on ace westchester 2019s crop/hail business , as 2008 included more profitable results on the first quarter final settlement than in 2007 , as well as increased crop/hail production for 2008 . the first quarter settlement in 2008 generated a higher profit share commission , which added approximately 0.8 percentage points to insurance 2013 north american 2019s 2008 policy acquisition cost ratio . in addition , higher assumed loss portfolio transfer business in 2007 , which incurred low acquisition costs as is typical for these types of transactions , reduced the 2007 policy acquisition ratio by 0.2 percentage points . these increases in the 2008 policy acquisition cost ratio were partially offset by improvements at ace bermuda , primarily due to increased ceding commissions . the decrease in insurance 2013 north american 2019s 2007 policy acquisition cost ratio , compared with 2006 , was primarily related to reductions in the policy acquisition cost ratio at ace usa and ace westchester . for ace usa , the reduction reflected higher ceding commissions as well as lower premium taxes due to reassessment of obligations for premium-based assessments and guaranty funds . for ace westchester , the reduction in the policy acquisition cost ratio was primarily due to lower profit share commissions on crop business in 2007 , compared with insurance 2013 north american 2019s administrative expense ratio increased in 2008 , compared with 2007 , reflecting the inclusion of ace private risk services unit , which generates higher administrative expense ratios than our commercial p&c business , and the reduction in net premiums earned . the administrative expense ratio was stable in 2007 , compared with .
Question: in 2008 what was the ratio of the north american net favorable prior period development to the catastrophe losses
Answer:
|
1.17785
|
in 2008 what was the ratio of the north american net favorable prior period development to the catastrophe losses
|
{
"options": {
"A": "0.01177",
"B": "1.17785",
"C": "11.7785",
"D": "117.785"
},
"goldenKey": "B"
}
|
{
"A": "0.01177",
"B": "1.17785",
"C": "11.7785",
"D": "117.785"
}
|
B
|
finqa402
|
Please answer the given financial question based on the context.
Context: liquidity and capital resources the major components of changes in cash flows for 2016 , 2015 and 2014 are discussed in the following paragraphs . the following table summarizes our cash flow from operating activities , investing activities and financing activities for the years ended december 31 , 2016 , 2015 and 2014 ( in millions of dollars ) : .
||2016|2015|2014|
|net cash provided by operating activities|$ 1847.8|$ 1679.7|$ 1529.8|
|net cash used in investing activities|-961.2 ( 961.2 )|-1482.8 ( 1482.8 )|-959.8 ( 959.8 )|
|net cash used in financing activities|-851.2 ( 851.2 )|-239.7 ( 239.7 )|-708.1 ( 708.1 )|
cash flows provided by operating activities the most significant items affecting the comparison of our operating cash flows for 2016 and 2015 are summarized below : changes in assets and liabilities , net of effects from business acquisitions and divestitures , decreased our cash flow from operations by $ 205.2 million in 2016 , compared to a decrease of $ 316.7 million in 2015 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 52.3 million during 2016 due to the timing of billings net of collections , compared to a $ 15.7 million increase in 2015 . as of december 31 , 2016 and 2015 , our days sales outstanding were 38.1 and 38.3 days , or 26.1 and 25.8 days net of deferred revenue , respectively . 2022 our accounts payable decreased $ 9.8 million during 2016 compared to an increase of $ 35.6 million during 2015 , due to the timing of payments . 2022 cash paid for capping , closure and post-closure obligations was $ 11.0 million lower during 2016 compared to 2015 . the decrease in cash paid for capping , closure , and post-closure obligations is primarily due to payments in 2015 related to a required capping event at one of our closed landfills . 2022 cash paid for remediation obligations was $ 13.2 million lower during 2016 compared to 2015 primarily due to the timing of obligations . in addition , cash paid for income taxes was approximately $ 265 million and $ 321 million for 2016 and 2015 , respectively . income taxes paid in 2016 and 2015 reflect the favorable tax depreciation provisions of the protecting americans from tax hikes act signed into law in december 2015 as well as the realization of certain tax credits . cash paid for interest was $ 330.2 million and $ 327.6 million for 2016 and 2015 , respectively . the most significant items affecting the comparison of our operating cash flows for 2015 and 2014 are summarized below : changes in assets and liabilities , net of effects of business acquisitions and divestitures , decreased our cash flow from operations by $ 316.7 million in 2015 , compared to a decrease of $ 295.6 million in 2014 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 15.7 million during 2015 due to the timing of billings , net of collections , compared to a $ 54.3 million increase in 2014 . as of december 31 , 2015 and 2014 , our days sales outstanding were 38 days , or 26 and 25 days net of deferred revenue , respectively . 2022 our accounts payable increased $ 35.6 million and $ 3.3 million during 2015 and 2014 , respectively , due to the timing of payments as of december 31 , 2015. .
Question: what was the ratio of the changes in assets and liabilities , net of effects from business acquisitions and divestitures in 2016 to 2015
Answer:
|
0.64793
|
what was the ratio of the changes in assets and liabilities , net of effects from business acquisitions and divestitures in 2016 to 2015
|
{
"options": {
"A": "0.64793",
"B": "0.64792",
"C": "0.64794",
"D": "0.64791"
},
"goldenKey": "A"
}
|
{
"A": "0.64793",
"B": "0.64792",
"C": "0.64794",
"D": "0.64791"
}
|
A
|
finqa403
|
Please answer the given financial question based on the context.
Context: a significant portion of our natural gas production in the lower 48 states of the u.s . is sold at bid-week prices or first-of-month indices relative to our specific producing areas . average settlement date henry hub natural gas prices have been relatively stable for the periods of this report ; however , a decline began in september 2011 which has continued in 2012 with february averaging $ 2.68 per mmbtu . should u.s . natural gas prices remain depressed , an impairment charge related to our natural gas assets may be necessary . our other major natural gas-producing regions are europe and eg . natural gas prices in europe have been significantly higher than in the u.s . in the case of eg our natural gas sales are subject to term contracts , making realized prices less volatile . the natural gas sales from eg are at fixed prices ; therefore , our worldwide reported average natural gas realized prices may not fully track market price movements . oil sands mining osm segment revenues correlate with prevailing market prices for the various qualities of synthetic crude oil we produce . roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily western canadian select . output mix can be impacted by operational problems or planned unit outages at the mines or the upgrader . the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime . per-unit costs are sensitive to production rates . key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian alberta energy company ( 201caeco 201d ) natural gas sales index and crude oil prices , respectively . recently aeco prices have declined , much as henry hub prices have . we would expect a significant , continued declined in natural gas prices to have a favorable impact on osm operating costs . the table below shows average benchmark prices that impact both our revenues and variable costs. .
|benchmark|2011|2010|2009|
|wti crude oil ( dollars per bbl )|$ 95.11|$ 79.61|$ 62.09|
|western canadian select ( dollars per bbl ) ( a )|77.97|65.31|52.13|
|aeco natural gas sales index ( dollars per mmbtu ) ( b )|$ 3.68|$ 3.89|$ 3.49|
wti crude oil ( dollars per bbl ) $ 95.11 $ 79.61 $ 62.09 western canadian select ( dollars per bbl ) ( a ) 77.97 65.31 52.13 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.68 $ 3.89 $ 3.49 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada . ( b ) monthly average day ahead index . integrated gas our integrated gas operations include production and marketing of products manufactured from natural gas , such as lng and methanol , in eg . world lng trade in 2011 has been estimated to be 241 mmt . long-term , lng continues to be in demand as markets seek the benefits of clean burning natural gas . market prices for lng are not reported or posted . in general , lng delivered to the u.s . is tied to henry hub prices and will track with changes in u.s . natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices . we have a 60 percent ownership in an lng production facility in equatorial guinea , which sells lng under a long-term contract at prices tied to henry hub natural gas prices . gross sales from the plant were 4.1 mmt , 3.7 mmt and 3.9 mmt in 2011 , 2010 and 2009 . we own a 45 percent interest in a methanol plant located in equatorial guinea through our investment in ampco . gross sales of methanol from the plant totaled 1039657 , 850605 and 960374 metric tonnes in 2011 , 2010 and 2009 . methanol demand has a direct impact on ampco 2019s earnings . because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices . world demand for methanol in 2011 has been estimated to be 55.4 mmt . our plant capacity of 1.1 mmt is about 2 percent of total demand . operating and financial highlights significant operating and financial highlights during 2011 include : 2022 completed the spin-off of our downstream business on june 30 , 2011 2022 acquired a significant operated position in the eagle ford shale play in south texas 2022 added net proved reserves , for the e&p and osm segments combined , of 307 mmboe , excluding dispositions , for a 212 percent reserve replacement ratio .
Question: how much has the wti crude oil dollars per bbl increased since 2009?
Answer:
|
0.53181
|
how much has the wti crude oil dollars per bbl increased since 2009?
|
{
"options": {
"A": "0.53181",
"B": "0.53182",
"C": "0.53183",
"D": "0.53184"
},
"goldenKey": "A"
}
|
{
"A": "0.53181",
"B": "0.53182",
"C": "0.53183",
"D": "0.53184"
}
|
A
|
finqa404
|
Please answer the given financial question based on the context.
Context: as of october 31 , 2009 , the total notional amount of these undesignated hedges was $ 38 million . the fair value of these hedging instruments in the company 2019s condensed consolidated balance sheet as of october 31 , 2009 was immaterial . interest rate exposure management 2014 on june 30 , 2009 , the company entered into interest rate swap transactions related to its outstanding notes where the company swapped the notional amount of its $ 375 million of fixed rate debt at 5.0% ( 5.0 % ) into floating interest rate debt through july 1 , 2014 . under the terms of the swaps , the company will ( i ) receive on the $ 375 million notional amount a 5.0% ( 5.0 % ) annual interest payment that is paid in two installments on the 1st of every january and july , commencing january 1 , 2010 through and ending on the maturity date ; and ( ii ) pay on the $ 375 million notional amount an annual three-month libor plus 2.05% ( 2.05 % ) ( 2.34% ( 2.34 % ) as of october 31 , 2009 ) interest payment , payable in four installments on the 1st of every january , april , july and october , commencing on october 1 , 2009 and ending on the maturity date . the libor based rate is set quarterly three months prior to the date of the interest payment . the company designated these swaps as fair value hedges . the fair value of the swaps at inception were zero and subsequent changes in the fair value of the interest rate swaps were reflected in the carrying value of the interest rate swaps on the balance sheet . the carrying value of the debt on the balance sheet was adjusted by an equal and offsetting amount . the gain or loss on the hedged item ( that is fixed- rate borrowings ) attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps as of october 31 , 2009 is as follows : income statement classification gain/ ( loss ) on gain/ ( loss ) on note net income effect .
|income statement classification|gain/ ( loss ) on swaps|gain/ ( loss ) on note|net income effect|
|other income|$ 6109|$ -6109 ( 6109 )|$ 2014|
the amounts earned and owed under the swap agreements are accrued each period and are reported in interest expense . there was no ineffectiveness recognized in any of the periods presented . the market risk associated with the company 2019s derivative instruments results from currency exchange rate or interest rate movements that are expected to offset the market risk of the underlying transactions , assets and liabilities being hedged . the counterparties to the agreements relating to the company 2019s derivative instruments consist of a number of major international financial institutions with high credit ratings . the company does not believe that there is significant risk of nonperformance by these counterparties because the company continually monitors the credit ratings of such counterparties . furthermore , none of the company 2019s derivative transactions are subject to collateral or other security arrangements and none contain provisions that are dependent on the company 2019s credit ratings from any credit rating agency . while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions , they do not represent the amount of the company 2019s exposure to credit risk . the amounts potentially subject to credit risk ( arising from the possible inability of counterparties to meet the terms of their contracts ) are generally limited to the amounts , if any , by which the counterparties 2019 obligations under the contracts exceed the obligations of the company to the counterparties . as a result of the above considerations , the company does not consider the risk of counterparty default to be significant . the company records the fair value of its derivative financial instruments in the consolidated financial statements in other current assets , other assets or accrued liabilities , depending on their net position , regardless of the purpose or intent for holding the derivative contract . changes in the fair value of the derivative financial instruments are either recognized periodically in earnings or in shareholders 2019 equity as a component of oci . changes in the fair value of cash flow hedges are recorded in oci and reclassified into earnings when the underlying contract matures . changes in the fair values of derivatives not qualifying for hedge accounting are reported in earnings as they occur . the total notional amount of derivative instruments designated as hedging instruments as of october 31 , 2009 is as follows : $ 375 million of interest rate swap agreements accounted as fair value hedges , and $ 128.0 million of analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what is the net difference between in amounts used to as hedging instruments?
Answer:
|
247.0
|
what is the net difference between in amounts used to as hedging instruments?
|
{
"options": {
"A": "6109",
"B": "-6109",
"C": "2014",
"D": "247.0"
},
"goldenKey": "D"
}
|
{
"A": "6109",
"B": "-6109",
"C": "2014",
"D": "247.0"
}
|
D
|
finqa405
|
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 percentage of total floor space by business segment at december 31 , 2010 is leased?
Answer:
|
0.32567
|
what percentage of total floor space by business segment at december 31 , 2010 is leased?
|
{
"options": {
"A": "32.567%",
"B": "32.5675%",
"C": "3.2567%",
"D": "0.32567%"
},
"goldenKey": "D"
}
|
{
"A": "32.567%",
"B": "32.5675%",
"C": "3.2567%",
"D": "0.32567%"
}
|
D
|
finqa406
|
Please answer the given financial question based on the context.
Context: through the certegy merger , the company has an obligation to service $ 200 million ( aggregate principal amount ) of unsecured 4.75% ( 4.75 % ) fixed-rate notes due in 2008 . the notes were recorded in purchase accounting at a discount of $ 5.7 million , which is being amortized over the term of the notes . the notes accrue interest at a rate of 4.75% ( 4.75 % ) per year , payable semi-annually in arrears on each march 15 and september 15 . on april 11 , 2005 , fis entered into interest rate swap agreements which have effectively fixed the interest rate at approximately 5.4% ( 5.4 % ) through april 2008 on $ 350 million of the term loan facilities ( or its replacement debt ) and at approximately 5.2% ( 5.2 % ) through april 2007 on an additional $ 350 million of the term loan . the company has designated these interest rate swaps as cash flow hedges in accordance with sfas no . 133 . the estimated fair value of the cash flow hedges results in an asset to the company of $ 4.9 million and $ 5.2 million , as of december 31 , 2006 and december 31 , 2005 , respectively , which is included in the accompanying consolidated balance sheets in other noncurrent assets and as a component of accumulated other comprehensive earnings , net of deferred taxes . a portion of the amount included in accumulated other comprehensive earnings is reclassified into interest expense as a yield adjustment as interest payments are made on the term loan facilities . the company 2019s existing cash flow hedges are highly effective and there is no current impact on earnings due to hedge ineffectiveness . it is the policy of the company to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes . principal maturities at december 31 , 2006 ( and at december 31 , 2006 after giving effect to the debt refinancing completed on january 18 , 2007 ) for the next five years and thereafter are as follows ( in thousands ) : december 31 , january 18 , 2007 refinancing .
||december 31 2006|january 18 2007 refinancing|
|2007|$ 61661|$ 96161|
|2008|257541|282041|
|2009|68129|145129|
|2010|33586|215586|
|2011|941875|165455|
|thereafter|1646709|2105129|
|total|$ 3009501|$ 3009501|
fidelity national information services , inc . and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .
Question: what is the percentage change in estimated fair value of the cash flow hedges from 2005 to 2006?
Answer:
|
-0.05769
|
what is the percentage change in estimated fair value of the cash flow hedges from 2005 to 2006?
|
{
"options": {
"A": "-0.05769%",
"B": "0.05769%",
"C": "-5.769%",
"D": "5.769%"
},
"goldenKey": "A"
}
|
{
"A": "-0.05769%",
"B": "0.05769%",
"C": "-5.769%",
"D": "5.769%"
}
|
A
|
finqa407
|
Please answer the given financial question based on the context.
Context: contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . in 2015 , we made $ 5 million in contributions to our new sikorsky bargained qualified defined benefit pension plan and we plan to make approximately $ 25 million in contributions to this plan in 2016 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2015 ( in millions ) : .
||2016|2017|2018|2019|2020|2021 - 2025|
|qualified defined benefit pension plans|$ 2160|$ 2240|$ 2320|$ 2410|$ 2500|$ 13670|
|retiree medical and life insurance plans|190|190|200|200|200|940|
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 393 million in 2015 , $ 385 million in 2014 and $ 383 million in 2013 , the majority of which were funded in our common stock . our defined contribution plans held approximately 40.0 million and 41.7 million shares of our common stock as of december 31 , 2015 and 2014 . note 12 2013 stockholders 2019 equity at december 31 , 2015 and 2014 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 316 million shares of common stock issued and outstanding as of december 31 , 2014 , 314 million shares were considered outstanding for balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2015 or 2014 . repurchases of common stock during 2015 , we repurchased 15.2 million shares of our common stock for $ 3.1 billion . during 2014 and 2013 , we paid $ 1.9 billion and $ 1.8 billion to repurchase 11.5 million and 16.2 million shares of our common stock . on september 24 , 2015 , our board of directors approved a $ 3.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.6 billion as of december 31 , 2015 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 2.4 billion and $ 1.1 billion recorded as a reduction of retained earnings in 2015 and 2014 . we paid dividends totaling $ 1.9 billion ( $ 6.15 per share ) in 2015 , $ 1.8 billion ( $ 5.49 per share ) in 2014 and $ 1.5 billion ( $ 4.78 per share ) in 2013 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2015 . we declared quarterly dividends of $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014 ; and $ 1.15 per share during each of the first three quarters of 2013 and $ 1.33 per share during the fourth quarter of 2013. .
Question: what is the change in millions of qualified defined benefit pension plans expected to be paid out between 2016 to 2017?
Answer:
|
80.0
|
what is the change in millions of qualified defined benefit pension plans expected to be paid out between 2016 to 2017?
|
{
"options": {
"A": "40.0",
"B": "60.0",
"C": "80.0",
"D": "100.0"
},
"goldenKey": "C"
}
|
{
"A": "40.0",
"B": "60.0",
"C": "80.0",
"D": "100.0"
}
|
C
|
finqa408
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2013 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013 , net of cash acquired . financing activities net cash used in financing activities during 2014 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . during 2014 , we redeemed all $ 350.0 in aggregate principal amount of the 6.25% ( 6.25 % ) notes , repurchased 14.9 shares of our common stock for an aggregate cost of $ 275.1 , including fees , and made dividend payments of $ 159.0 on our common stock . this was offset by the issuance of $ 500.0 in aggregate principal amount of our 4.20% ( 4.20 % ) notes . net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock and payment of dividends . we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes . in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock . foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 101.0 in 2014 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the canadian dollar , brazilian real , australian dollar and the euro as of december 31 , 2014 compared to december 31 , 2013 . the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , japanese yen , and south african rand as of december 31 , 2013 compared to december 31 , 2012. .
|balance sheet data|december 31 , 2014|december 31 , 2013|
|cash cash equivalents and marketable securities|$ 1667.2|$ 1642.1|
|short-term borrowings|$ 107.2|$ 179.1|
|current portion of long-term debt|2.1|353.6|
|long-term debt|1623.5|1129.8|
|total debt|$ 1732.8|$ 1662.5|
liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all. .
Question: what is the percentage change in the total debt from 2013 to 2014?
Answer:
|
0.04229
|
what is the percentage change in the total debt from 2013 to 2014?
|
{
"options": {
"A": "0.04229",
"B": "0.04230",
"C": "0.04231",
"D": "0.04232"
},
"goldenKey": "A"
}
|
{
"A": "0.04229",
"B": "0.04230",
"C": "0.04231",
"D": "0.04232"
}
|
A
|
finqa409
|
Please answer the given financial question based on the context.
Context: long-term product offerings include active and index strategies . our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile . we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction . in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index . index strategies include both our non-etf index products and ishares etfs . althoughmany clients use both active and index strategies , the application of these strategies may differ . for example , clients may use index products to gain exposure to a market or asset class . in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2015 equity aum totaled $ 2.424 trillion , reflecting net inflows of $ 52.8 billion . net inflows included $ 78.4 billion and $ 4.2 billion into ishares and active products , respectively . ishares net inflows were driven by the core series and flows into broad developed market equity exposures , and active net inflows reflected demand for international equities . ishares and active net inflows were partially offset by non-etf index net outflows of $ 29.8 billion . blackrock 2019s effective fee rates fluctuate due to changes in aummix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandemwith u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2015 at $ 1.422 trillion , increasing $ 28.7 billion , or 2% ( 2 % ) , from december 31 , 2014 . the increase in aum reflected $ 76.9 billion in net inflows , partially offset by $ 48.2 billion in net market depreciation and foreign exchange movements . in 2015 , active net inflows of $ 35.9 billion were diversified across fixed income offerings , with strong flows into our unconstrained , total return and high yield strategies . flagship funds in these product areas include our unconstrained strategic income opportunities and fixed income strategies funds , with net inflows of $ 7.0 billion and $ 3.7 billion , respectively ; our total return fund with net inflows of $ 2.7 billion ; and our high yield bond fund with net inflows of $ 3.5 billion . fixed income ishares net inflows of $ 50.3 billion were led by flows into core , corporate and high yield bond funds . active and ishares net inflows were partially offset by non-etf index net outflows of $ 9.3 billion . multi-asset class blackrock 2019s multi-asset class teammanages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , bonds , currencies and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . component changes in multi-asset class aum for 2015 are presented below . ( in millions ) december 31 , 2014 net inflows ( outflows ) acquisition ( 1 ) market change fx impact december 31 , 2015 asset allocation and balanced $ 183032 $ 12926 $ 2014 $ ( 6731 ) $ ( 3391 ) $ 185836 .
|( in millions )|december 312014|net inflows ( outflows )|acquisition ( 1 )|market change|fx impact|december 312015|
|asset allocation and balanced|$ 183032|$ 12926|$ 2014|$ -6731 ( 6731 )|$ -3391 ( 3391 )|$ 185836|
|target date/risk|128611|218|2014|-1308 ( 1308 )|-1857 ( 1857 )|125664|
|fiduciary|66194|3985|2014|627|-6373 ( 6373 )|64433|
|futureadvisor|2014|38|366|-1 ( 1 )|2014|403|
|multi-asset|$ 377837|$ 17167|$ 366|$ -7413 ( 7413 )|$ -11621 ( 11621 )|$ 376336|
( 1 ) amounts represent $ 366 million of aum acquired in the futureadvisor acquisition in october 2015 . the futureadvisor acquisition amount does not include aum that was held in ishares holdings . multi-asset class net inflows reflected ongoing institutional demand for our solutions-based advice with $ 17.4 billion of net inflows coming from institutional clients . defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 7.3 billion to institutional multi-asset class net new business in 2015 , primarily into target date and target risk product offerings . retail net outflows of $ 1.3 billion were primarily due to a large single-client transition out of mutual funds into a series of ishares across asset classes . notwithstanding this transition , retail flows reflected demand for our multi-asset income fund family , which raised $ 4.6 billion in 2015 . the company 2019s multi-asset class strategies include the following : 2022 asset allocation and balanced products represented 49% ( 49 % ) of multi-asset class aum at year-end , with growth in aum driven by net new business of $ 12.9 billion . these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget . in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions . flagship products in this category include our global allocation andmulti-asset income suites. .
Question: what is the value of the effect what market change and fx impact had on asset allocation and balanced ? in million $ .
Answer:
|
10122.0
|
what is the value of the effect what market change and fx impact had on asset allocation and balanced ? in million $ .
|
{
"options": {
"A": "12926",
"B": "6731",
"C": "-3391",
"D": "10122"
},
"goldenKey": "D"
}
|
{
"A": "12926",
"B": "6731",
"C": "-3391",
"D": "10122"
}
|
D
|
finqa411
|
Please answer the given financial question based on the context.
Context: royal caribbean cruises ltd . notes to the consolidated financial statements 2014 ( continued ) note 9 . stock-based employee compensation we have four stock-based compensation plans , which provide for awards to our officers , directors and key employees . the plans consist of a 1990 employee stock option plan , a 1995 incentive stock option plan , a 2000 stock award plan , and a 2008 equity plan . the 1990 stock option plan and the 1995 incentive stock option plan terminated by their terms in march 2000 and february 2005 , respectively . the 2000 stock award plan , as amended , and the 2008 equity plan provide for the issuance of ( i ) incentive and non-qualified stock options , ( ii ) stock appreciation rights , ( iii ) restricted stock , ( iv ) restricted stock units and ( v ) up to 13000000 performance shares of our common stock for the 2000 stock award plan and up to 5000000 performance shares of our common stock for the 2008 equity plan . during any calendar year , no one individual shall be granted awards of more than 500000 shares . options and restricted stock units outstanding as of december 31 , 2009 vest in equal installments over four to five years from the date of grant . generally , options and restricted stock units are forfeited if the recipient ceases to be a director or employee before the shares vest . options are granted at a price not less than the fair value of the shares on the date of grant and expire not later than ten years after the date of grant . we also provide an employee stock purchase plan to facilitate the purchase by employees of up to 800000 shares of common stock in the aggregate . offerings to employees are made on a quarterly basis . subject to certain limitations , the purchase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the purchase period and the last business day of each month of the purchase period . shares of common stock of 65005 , 36836 and 20759 were issued under the espp at a weighted-average price of $ 12.78 , $ 20.97 and $ 37.25 during 2009 , 2008 and 2007 , respectively . under the chief executive officer 2019s employment agreement we contributed 10086 shares of our common stock quarterly , to a maximum of 806880 shares , to a trust on his behalf . in january 2009 , the employment agreement and related trust agreement were amended . consequently , 768018 shares were distributed from the trust and future quarterly share distributions are issued directly to the chief executive officer . total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2009 was $ 16.8 million . of this amount , $ 16.2 million was included within marketing , selling and administrative expenses and $ 0.6 million was included within payroll and related expenses . total compensation expense recognized for employee stock-based compensation for the year ended december 31 , 2008 was $ 5.7 million . of this amount , $ 6.4 million , which included a benefit of approximately $ 8.2 million due to a change in the employee forfeiture rate assumption was included within marketing , selling and administrative expenses and income of $ 0.7 million was included within payroll and related expenses which also included a benefit of approximately $ 1.0 million due to the change in the forfeiture rate . total compensation expenses recognized for employee stock-based compensation for the year ended december 31 , 2007 was $ 19.0 million . of this amount , $ 16.3 million was included within marketing , selling and administrative expenses and $ 2.7 million was included within payroll and related expenses . the fair value of each stock option grant is estimated on the date of grant using the black-scholes option pricing model . the estimated fair value of stock options , less estimated forfeitures , is amortized over the vesting period using the graded-vesting method . the assumptions used in the black-scholes option-pricing model are as follows : expected volatility was based on a combination of historical and implied volatilities . the risk-free interest rate is based on united states treasury zero coupon issues with a remaining term equal to the expected option life assumed at the date of grant . the expected term was calculated based on historical experience and represents the time period options actually remain outstanding . we estimate forfeitures based on historical pre-vesting forfeiture rates and revise those estimates as appropriate to reflect actual experience . in 2008 , we increased our estimated forfeiture rate from 4% ( 4 % ) for options and 8.5% ( 8.5 % ) for restricted stock units to 20% ( 20 % ) to reflect changes in employee retention rates. .
||2009|2008|2007|
|dividend yield|0.0% ( 0.0 % )|1.9% ( 1.9 % )|1.3% ( 1.3 % )|
|expected stock price volatility|55.0% ( 55.0 % )|31.4% ( 31.4 % )|28.0% ( 28.0 % )|
|risk-free interest rate|1.8% ( 1.8 % )|2.8% ( 2.8 % )|4.8% ( 4.8 % )|
|expected option life|5 years|5 years|5 years|
.
Question: what was the total value of all shares of common stock were issued under the espp from 2007-2009?[14] : shares of common stock of 65005 , 36836 and 20759 were issued under the espp at a weighted-average price of $ 12.78 , $ 20.97 and $ 37.25 during 2009 , 2008 and 2007 , respectively .
Answer:
|
2376487.57
|
what was the total value of all shares of common stock were issued under the espp from 2007-2009?[14] : shares of common stock of 65005 , 36836 and 20759 were issued under the espp at a weighted-average price of $ 12.78 , $ 20.97 and $ 37.25 during 2009 , 2008 and 2007 , respectively .
|
{
"options": {
"A": "65005",
"B": "36836",
"C": "20759",
"D": "2376487.57"
},
"goldenKey": "D"
}
|
{
"A": "65005",
"B": "36836",
"C": "20759",
"D": "2376487.57"
}
|
D
|
finqa412
|
Please answer the given financial question based on the context.
Context: a summary of the company 2019s significant contractual obligations as of december 31 , 2015 , follows : contractual obligations .
|( millions )|total|payments due by year 2016|payments due by year 2017|payments due by year 2018|payments due by year 2019|payments due by year 2020|payments due by year after 2020|
|long-term debt including current portion ( note 10 )|$ 9878|$ 1125|$ 744|$ 993|$ 622|$ 1203|$ 5191|
|interest on long-term debt|2244|174|157|153|149|146|1465|
|operating leases ( note 14 )|943|234|191|134|86|72|226|
|capital leases ( note 14 )|59|11|6|4|3|3|32|
|unconditional purchase obligations and other|1631|1228|160|102|54|56|31|
|total contractual cash obligations|$ 14755|$ 2772|$ 1258|$ 1386|$ 914|$ 1480|$ 6945|
long-term debt payments due in 2016 and 2017 include floating rate notes totaling $ 126 million ( classified as current portion of long-term debt ) , and $ 96 million ( included as a separate floating rate note in the long-term debt table ) , respectively , as a result of put provisions associated with these debt instruments . interest projections on both floating and fixed rate long-term debt , including the effects of interest rate swaps , are based on effective interest rates as of december 31 , 2015 . unconditional purchase obligations are defined as an agreement to purchase goods or services that is enforceable and legally binding on the company . included in the unconditional purchase obligations category above are certain obligations related to take or pay contracts , capital commitments , service agreements and utilities . these estimates include both unconditional purchase obligations with terms in excess of one year and normal ongoing purchase obligations with terms of less than one year . many of these commitments relate to take or pay contracts , in which 3m guarantees payment to ensure availability of products or services that are sold to customers . the company expects to receive consideration ( products or services ) for these unconditional purchase obligations . contractual capital commitments are included in the preceding table , but these commitments represent a small part of the company 2019s expected capital spending in 2016 and beyond . the purchase obligation amounts do not represent the entire anticipated purchases in the future , but represent only those items for which the company is contractually obligated . the majority of 3m 2019s products and services are purchased as needed , with no unconditional commitment . for this reason , these amounts will not provide a reliable indicator of the company 2019s expected future cash outflows on a stand-alone basis . other obligations , included in the preceding table within the caption entitled 201cunconditional purchase obligations and other , 201d include the current portion of the liability for uncertain tax positions under asc 740 , which is expected to be paid out in cash in the next 12 months . the company is not able to reasonably estimate the timing of the long-term payments or the amount by which the liability will increase or decrease over time ; therefore , the long-term portion of the net tax liability of $ 208 million is excluded from the preceding table . refer to note 8 for further details . as discussed in note 11 , the company does not have a required minimum cash pension contribution obligation for its u.s . plans in 2016 and company contributions to its u.s . and international pension plans are expected to be largely discretionary in future years ; therefore , amounts related to these plans are not included in the preceding table . financial instruments the company enters into foreign exchange forward contracts , options and swaps to hedge against the effect of exchange rate fluctuations on cash flows denominated in foreign currencies and certain intercompany financing transactions . the company manages interest rate risks using a mix of fixed and floating rate debt . to help manage borrowing costs , the company may enter into interest rate swaps . under these arrangements , the company agrees to exchange , at specified intervals , the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount . the company manages commodity price risks through negotiated supply contracts , price protection agreements and forward contracts. .
Question: what was the ratio of the floating rate notes included in the long-term debt payments due in 2016 to 2017
Answer:
|
1.3125
|
what was the ratio of the floating rate notes included in the long-term debt payments due in 2016 to 2017
|
{
"options": {
"A": "1.125",
"B": "1.25",
"C": "1.3125",
"D": "1.375"
},
"goldenKey": "C"
}
|
{
"A": "1.125",
"B": "1.25",
"C": "1.3125",
"D": "1.375"
}
|
C
|
finqa413
|
Please answer the given financial question based on the context.
Context: nbcuniversal media , llc consolidated statement of comprehensive income .
|year ended december 31 ( in millions )|2015|2014|2013|
|net income|$ 3624|$ 3297|$ 2122|
|deferred gains ( losses ) on cash flow hedges net|-21 ( 21 )|25|-5 ( 5 )|
|employee benefit obligations net|60|-106 ( 106 )|95|
|currency translation adjustments net|-121 ( 121 )|-62 ( 62 )|-41 ( 41 )|
|comprehensive income|3542|3154|2171|
|net ( income ) loss attributable to noncontrolling interests|-210 ( 210 )|-182 ( 182 )|-154 ( 154 )|
|other comprehensive ( income ) loss attributable to noncontrolling interests|29|2014|2014|
|comprehensive income attributable to nbcuniversal|$ 3361|$ 2972|$ 2017|
see accompanying notes to consolidated financial statements . 147 comcast 2015 annual report on form 10-k .
Question: what is the percentage change in comprehensive income attributable to nbcuniversal from 2014 to 2015?
Answer:
|
0.13089
|
what is the percentage change in comprehensive income attributable to nbcuniversal from 2014 to 2015?
|
{
"options": {
"A": "0.13089",
"B": "0.09721",
"C": "0.12456",
"D": "0.15678"
},
"goldenKey": "A"
}
|
{
"A": "0.13089",
"B": "0.09721",
"C": "0.12456",
"D": "0.15678"
}
|
A
|
finqa414
|
Please answer the given financial question based on the context.
Context: unallocated corporate items for fiscal 2018 , 2017 and 2016 included: .
|in millions|fiscal year 2018|fiscal year 2017|fiscal year 2016|
|net gain ( loss ) onmark-to-marketvaluation of commodity positions|$ 14.3|$ -22.0 ( 22.0 )|$ -69.1 ( 69.1 )|
|net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit|11.3|32.0|127.9|
|netmark-to-marketrevaluation of certain grain inventories|6.5|3.9|4.0|
|netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items|$ 32.1|$ 13.9|$ 62.8|
net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items $ 32.1 $ 13.9 $ 62.8 as of may 27 , 2018 , the net notional value of commodity derivatives was $ 238.8 million , of which $ 147.9 million related to agricultural inputs and $ 90.9 million related to energy inputs . these contracts relate to inputs that generally will be utilized within the next 12 months . interest rate risk we are exposed to interest rate volatility with regard to future issuances of fixed-rate debt , and existing and future issuances of floating-rate debt . primary exposures include u.s . treasury rates , libor , euribor , and commercial paper rates in the united states and europe . we use interest rate swaps , forward-starting interest rate swaps , and treasury locks to hedge our exposure to interest rate changes , to reduce the volatility of our financing costs , and to achieve a desired proportion of fixed rate versus floating-rate debt , based on current and projected market conditions . generally under these swaps , we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount . floating interest rate exposures 2014 floating-to-fixed interest rate swaps are accounted for as cash flow hedges , as are all hedges of forecasted issuances of debt . effectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt . effective gains and losses deferred to aoci are reclassified into earnings over the life of the associated debt . ineffective gains and losses are recorded as net interest . the amount of hedge ineffectiveness was a $ 2.6 million loss in fiscal 2018 , and less than $ 1 million in fiscal 2017 and 2016 . fixed interest rate exposures 2014 fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives , using incremental borrowing rates currently available on loans with similar terms and maturities . ineffective gains and losses on these derivatives and the underlying hedged items are recorded as net interest . the amount of hedge ineffectiveness was a $ 3.4 million loss in fiscal 2018 , a $ 4.3 million gain in fiscal 2017 , and less than $ 1 million in fiscal 2016 . in advance of planned debt financing related to the acquisition of blue buffalo , we entered into $ 3800.0 million of treasury locks due april 19 , 2018 , with an average fixed rate of 2.9 percent , of which $ 2300.0 million were entered into in the third quarter of fiscal 2018 and $ 1500.0 million were entered into in the fourth quarter of fiscal 2018 . all of these treasury locks were cash settled for $ 43.9 million during the fourth quarter of fiscal 2018 , concurrent with the issuance of our $ 850.0 million 5.5-year fixed-rate notes , $ 800.0 million 7-year fixed- rate notes , $ 1400.0 million 10-year fixed-rate notes , $ 500.0 million 20-year fixed-rate notes , and $ 650.0 million 30-year fixed-rate notes . in advance of planned debt financing , in fiscal 2018 , we entered into $ 500.0 million of treasury locks due october 15 , 2017 with an average fixed rate of 1.8 percent . all of these treasury locks were cash settled for $ 3.7 million during the second quarter of fiscal 2018 , concurrent with the issuance of our $ 500.0 million 5-year fixed-rate notes. .
Question: what portion of the net notional value of commodity derivatives is related to agricultural inputs?
Answer:
|
0.61935
|
what portion of the net notional value of commodity derivatives is related to agricultural inputs?
|
{
"options": {
"A": "0.61935",
"B": "0.38265",
"C": "0.39065",
"D": "0.57935"
},
"goldenKey": "A"
}
|
{
"A": "0.61935",
"B": "0.38265",
"C": "0.39065",
"D": "0.57935"
}
|
A
|
finqa417
|
Please answer the given financial question based on the context.
Context: the regulatory credit resulting from reduction of the federal corporate income tax rate variance is due to the reduction of the vidalia purchased power agreement regulatory liability by $ 30.5 million and the reduction of the louisiana act 55 financing savings obligation regulatory liabilities by $ 25 million as a result of the enactment of the tax cuts and jobs act , in december 2017 , which lowered the federal corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) . the effects of the tax cuts and jobs act are discussed further in note 3 to the financial statements . the grand gulf recovery variance is primarily due to increased recovery of higher operating costs . the louisiana act 55 financing savings obligation variance results from a regulatory charge in 2016 for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales , partially offset by an increase in industrial usage . the increase in industrial usage is primarily due to new customers in the primary metals industry and expansion projects and an increase in demand for existing customers in the chlor-alkali industry . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) .
||amount ( in millions )|
|2016 net revenue|$ 1542|
|fitzpatrick sale|-158 ( 158 )|
|nuclear volume|-89 ( 89 )|
|fitzpatrick reimbursement agreement|57|
|nuclear fuel expenses|108|
|other|9|
|2017 net revenue|$ 1469|
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 73 million in 2017 primarily due to the absence of net revenue from the fitzpatrick plant after it was sold to exelon in march 2017 and lower volume in the entergy wholesale commodities nuclear fleet resulting from more outage days in 2017 as compared to 2016 . the decrease was partially offset by an increase resulting from the reimbursement agreement with exelon pursuant to which exelon reimbursed entergy for specified out-of-pocket costs associated with preparing for the refueling and operation of fitzpatrick that otherwise would have been avoided had entergy shut down fitzpatrick in january 2017 and a decrease in nuclear fuel expenses primarily related to the impairments of the indian point 2 , indian point 3 , and palisades plants and related assets . revenues received from exelon in 2017 under the reimbursement agreement are offset by other operation and maintenance expenses and taxes other than income taxes and had no effect on net income . see note 14 to the financial statements for discussion of the sale of fitzpatrick , the reimbursement agreement with exelon , and the impairments and related charges . entergy corporation and subsidiaries management 2019s financial discussion and analysis .
Question: what are the nuclear fuel expenses as a percentage of 2017 net revenue?
Answer:
|
0.07352
|
what are the nuclear fuel expenses as a percentage of 2017 net revenue?
|
{
"options": {
"A": "0.07352",
"B": "0.073",
"C": "0.075",
"D": "0.07"
},
"goldenKey": "A"
}
|
{
"A": "0.07352",
"B": "0.073",
"C": "0.075",
"D": "0.07"
}
|
A
|
finqa418
|
Please answer the given financial question based on the context.
Context: the railroad collected approximately $ 18.8 billion and $ 16.3 billion of receivables during the years ended december 31 , 2011 and 2010 , respectively . upri used certain of these proceeds to purchase new receivables under the facility . the costs of the receivables securitization facility include interest , which will vary based on prevailing commercial paper rates , program fees paid to banks , commercial paper issuing costs , and fees for unused commitment availability . the costs of the receivables securitization facility are included in interest expense and were $ 4 million and $ 6 million for 2011 and 2010 , respectively . prior to adoption of the new accounting standard , the costs of the receivables securitization facility were included in other income and were $ 9 million for 2009 . the investors have no recourse to the railroad 2019s other assets , except for customary warranty and indemnity claims . creditors of the railroad do not have recourse to the assets of upri . in august 2011 , the receivables securitization facility was renewed for an additional 364-day period at comparable terms and conditions . contractual obligations and commercial commitments as described in the notes to the consolidated financial statements and as referenced in the tables below , we have contractual obligations and commercial commitments that may affect our financial condition . based on our assessment of the underlying provisions and circumstances of our contractual obligations and commercial commitments , including material sources of off-balance sheet and structured finance arrangements , other than the risks that we and other similarly situated companies face with respect to the condition of the capital markets ( as described in item 1a of part ii of this report ) , there is no known trend , demand , commitment , event , or uncertainty that is reasonably likely to occur that would have a material adverse effect on our consolidated results of operations , financial condition , or liquidity . in addition , our commercial obligations , financings , and commitments are customary transactions that are similar to those of other comparable corporations , particularly within the transportation industry . the following tables identify material obligations and commitments as of december 31 , 2011 : payments due by december 31 , contractual obligations after millions total 2012 2013 2014 2015 2016 2016 other .
|contractual obligationsmillions|total|payments due by december 31 2012|payments due by december 31 2013|payments due by december 31 2014|payments due by december 31 2015|payments due by december 31 2016|payments due by december 31 after 2016|payments due by december 31 other|
|debt [a]|$ 12516|$ 538|$ 852|$ 887|$ 615|$ 652|$ 8972|$ -|
|operating leases [b]|4528|525|489|415|372|347|2380|-|
|capital lease obligations [c]|2559|297|269|276|276|262|1179|-|
|purchase obligations [d]|5137|2598|568|560|276|245|858|32|
|other post retirement benefits [e]|249|26|26|26|26|26|119|-|
|income tax contingencies [f]|107|31|-|-|-|-|-|76|
|total contractualobligations|$ 25096|$ 4015|$ 2204|$ 2164|$ 1565|$ 1532|$ 13508|$ 108|
[a] excludes capital lease obligations of $ 1874 million and unamortized discount of $ 364 million . includes an interest component of $ 5120 million . [b] includes leases for locomotives , freight cars , other equipment , and real estate . [c] represents total obligations , including interest component of $ 685 million . [d] purchase obligations include locomotive maintenance contracts ; purchase commitments for fuel purchases , locomotives , ties , ballast , and rail ; and agreements to purchase other goods and services . for amounts where we cannot reasonably estimate the year of settlement , they are reflected in the other column . [e] includes estimated other post retirement , medical , and life insurance payments and payments made under the unfunded pension plan for the next ten years . no amounts are included for funded pension obligations as no contributions are currently required . [f] future cash flows for income tax contingencies reflect the recorded liability for unrecognized tax benefits , including interest and penalties , as of december 31 , 2011 . where we can reasonably estimate the years in which these liabilities may be settled , this is shown in the table . for amounts where we cannot reasonably estimate the year of settlement , they are reflected in the other column. .
Question: assuming 4 inventory turns per year , what would q12012 cash flow be from the receivables balance on december 31 , 2011 , in billions?
Answer:
|
4.7
|
assuming 4 inventory turns per year , what would q12012 cash flow be from the receivables balance on december 31 , 2011 , in billions?
|
{
"options": {
"A": "3.2",
"B": "4.7",
"C": "6.1",
"D": "7.5"
},
"goldenKey": "B"
}
|
{
"A": "3.2",
"B": "4.7",
"C": "6.1",
"D": "7.5"
}
|
B
|
finqa419
|
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: what were average yearly capital expenditures for corporate , in millions?
Answer:
|
44.66667
|
what were average yearly capital expenditures for corporate , in millions?
|
{
"options": {
"A": "25",
"B": "51",
"C": "58",
"D": "44.66667"
},
"goldenKey": "D"
}
|
{
"A": "25",
"B": "51",
"C": "58",
"D": "44.66667"
}
|
D
|
finqa420
|
Please answer the given financial question based on the context.
Context: long-term liabilities . the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts . the notional investments are comprised primarily of mutual funds , which are based on observable market prices . mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt . the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps , classified as economic hedges , in order to fix the interest cost on some of its variable-rate debt . the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value . additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility . other investments 2014other investments primarily represent money market funds used for active employee benefits . the company includes other investments in other current assets . note 18 : leases the company has entered into operating leases involving certain facilities and equipment . rental expenses under operating leases were $ 21 for 2015 , $ 22 for 2014 and $ 23 for 2013 . the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next five years . certain operating leases have renewal options ranging from one to five years . the minimum annual future rental commitment under operating leases that have initial or remaining non- cancelable lease terms over the next five years and thereafter are as follows: .
|year|amount|
|2016|$ 13|
|2017|12|
|2018|11|
|2019|10|
|2020|8|
|thereafter|74|
the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners . the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act . the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years . the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) . as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases . the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis . the gross cost of the facilities funded by the company recognized as a capital lease asset was $ 156 and $ 157 as of december 31 , 2015 and 2014 , respectively , which is presented in property , plant and equipment in the accompanying consolidated balance sheets . the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs. .
Question: what percentage does rental expense make up of gross cost of facilities funded in 2015?
Answer:
|
0.13462
|
what percentage does rental expense make up of gross cost of facilities funded in 2015?
|
{
"options": {
"A": "0.13462%",
"B": "1.3462%",
"C": "13.462%",
"D": "134.62%"
},
"goldenKey": "A"
}
|
{
"A": "0.13462%",
"B": "1.3462%",
"C": "13.462%",
"D": "134.62%"
}
|
A
|
finqa421
|
Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the commitment fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of sixty percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . there were no amounts outstanding under the credit agreement at december 31 , on november 12 , 2010 , ppg completed a public offering of $ 250 million in aggregate principal amount of its 1.900% ( 1.900 % ) notes due 2016 ( the 201c2016 notes 201d ) , $ 500 million in aggregate principal amount of its 3.600% ( 3.600 % ) notes due 2020 ( the 201c2020 notes 201d ) and $ 250 million in aggregate principal amount of its 5.500% ( 5.500 % ) notes due 2040 ( the 201c2040 notes 201d ) . these notes were issued pursuant to an indenture dated as of march 18 , 2008 ( the 201coriginal indenture 201d ) between the company and the bank of new york mellon trust company , n.a. , as trustee ( the 201ctrustee 201d ) , as supplemented by a first supplemental indenture dated as of march 18 , 2008 between the company and the trustee ( the 201cfirst supplemental indenture 201d ) and a second supplemental indenture dated as of november 12 , 2010 between the company and the trustee ( the 201csecond supplemental indenture 201d and , together with the original indenture and the first supplemental indenture , the 201cindenture 201d ) . the company may issue additional debt from time to time pursuant to the original indenture . the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets . the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the second supplemental indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from this notes offering was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 791 million of which $ 31 million was used as of december 31 , 2010 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2010 and 2009 , was as follows : ( millions ) 2010 2009 20ac650 million revolving credit facility , 0.8% ( 0.8 % ) as of dec . 31 , 2009 $ 2014 $ 110 other , weighted average 3.39% ( 3.39 % ) as of dec . 31 , 2010 and 2.2% ( 2.2 % ) as of december 31 , 2009 24 158 total $ 24 $ 268 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2010 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2010 , 2009 and 2008 totaled $ 189 million , $ 201 million and $ 228 million , respectively . 2010 ppg annual report and form 10-k 43 .
|( millions )|2010|2009|
|20ac650 million revolving credit facility 0.8% ( 0.8 % ) as of dec . 31 2009|$ 2014|$ 110|
|other weighted average 3.39% ( 3.39 % ) as of dec . 31 2010 and 2.2% ( 2.2 % ) as of december 31 2009|24|158|
|total|$ 24|$ 268|
notes to the consolidated financial statements the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the commitment fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of sixty percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . there were no amounts outstanding under the credit agreement at december 31 , on november 12 , 2010 , ppg completed a public offering of $ 250 million in aggregate principal amount of its 1.900% ( 1.900 % ) notes due 2016 ( the 201c2016 notes 201d ) , $ 500 million in aggregate principal amount of its 3.600% ( 3.600 % ) notes due 2020 ( the 201c2020 notes 201d ) and $ 250 million in aggregate principal amount of its 5.500% ( 5.500 % ) notes due 2040 ( the 201c2040 notes 201d ) . these notes were issued pursuant to an indenture dated as of march 18 , 2008 ( the 201coriginal indenture 201d ) between the company and the bank of new york mellon trust company , n.a. , as trustee ( the 201ctrustee 201d ) , as supplemented by a first supplemental indenture dated as of march 18 , 2008 between the company and the trustee ( the 201cfirst supplemental indenture 201d ) and a second supplemental indenture dated as of november 12 , 2010 between the company and the trustee ( the 201csecond supplemental indenture 201d and , together with the original indenture and the first supplemental indenture , the 201cindenture 201d ) . the company may issue additional debt from time to time pursuant to the original indenture . the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets . the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the second supplemental indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from this notes offering was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 791 million of which $ 31 million was used as of december 31 , 2010 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2010 and 2009 , was as follows : ( millions ) 2010 2009 20ac650 million revolving credit facility , 0.8% ( 0.8 % ) as of dec . 31 , 2009 $ 2014 $ 110 other , weighted average 3.39% ( 3.39 % ) as of dec . 31 , 2010 and 2.2% ( 2.2 % ) as of december 31 , 2009 24 158 total $ 24 $ 268 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2010 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2010 , 2009 and 2008 totaled $ 189 million , $ 201 million and $ 228 million , respectively . 2010 ppg annual report and form 10-k 43 .
Question: what would 2011 interest payments be based on the rate of change in 2009 to 2010?
Answer:
|
177.71642
|
what would 2011 interest payments be based on the rate of change in 2009 to 2010?
|
{
"options": {
"A": "189 million",
"B": "201 million",
"C": "228 million",
"D": "177.71642 million"
},
"goldenKey": "D"
}
|
{
"A": "189 million",
"B": "201 million",
"C": "228 million",
"D": "177.71642 million"
}
|
D
|
finqa422
|
Please answer the given financial question based on the context.
Context: information about stock options at december 31 , 2007 follows: .
|december 31 2007shares in thousandsrange of exercise prices|options outstanding shares|options outstanding weighted- averageexercise price|options outstanding weighted-average remaining contractual life ( in years )|options outstanding shares|weighted-averageexercise price|
|$ 37.43 2013 $ 46.99|1444|$ 43.05|4.0|1444|$ 43.05|
|47.00 2013 56.99|3634|53.43|5.4|3022|53.40|
|57.00 2013 66.99|3255|60.32|5.2|2569|58.96|
|67.00 2013 76.23|5993|73.03|5.5|3461|73.45|
|total|14326|$ 62.15|5.3|10496|$ 59.95|
( a ) the weighted-average remaining contractual life was approximately 4.2 years . at december 31 , 2007 , there were approximately 13788000 options in total that were vested and are expected to vest . the weighted-average exercise price of such options was $ 62.07 per share , the weighted-average remaining contractual life was approximately 5.2 years , and the aggregate intrinsic value at december 31 , 2007 was approximately $ 92 million . stock options granted in 2005 include options for 30000 shares that were granted to non-employee directors that year . no such options were granted in 2006 or 2007 . awards granted to non-employee directors in 2007 include 20944 deferred stock units 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 under sfas 123r until such awards are paid to the participants as cash . as there are no vestings or service requirements on these awards , total compensation expense is recognized in full on all awarded units on the date of grant . the weighted-average grant-date fair value of options granted in 2007 , 2006 and 2005 was $ 11.37 , $ 10.75 and $ 9.83 per option , respectively . to determine stock-based compensation expense under sfas 123r , the grant-date fair value is applied to the options granted with a reduction made for estimated forfeitures . at december 31 , 2006 and 2005 options for 10743000 and 13582000 shares of common stock , respectively , were exercisable at a weighted-average price of $ 58.38 and $ 56.58 , respectively . the total intrinsic value of options exercised during 2007 , 2006 and 2005 was $ 52 million , $ 111 million and $ 31 million , respectively . at december 31 , 2007 the aggregate intrinsic value of all options outstanding and exercisable was $ 94 million and $ 87 million , respectively . cash received from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 111 million , $ 233 million and $ 98 million , respectively . the actual tax benefit realized for tax deduction purposes from option exercises under all incentive plans for 2007 , 2006 and 2005 was approximately $ 39 million , $ 82 million and $ 34 million , respectively . there were no options granted in excess of market value in 2007 , 2006 or 2005 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 40116726 at december 31 , 2007 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 41787400 shares at december 31 , 2007 , which includes shares available for issuance under the incentive plans , the employee stock purchase plan as described below , and a director plan . during 2007 , we issued approximately 2.1 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we intend to utilize treasury stock for future stock option exercises . as discussed in note 1 accounting policies , we adopted the fair value recognition provisions of sfas 123 prospectively to all employee awards including stock options granted , modified or settled after january 1 , 2003 . as permitted under sfas 123 , we recognized compensation expense for stock options on a straight-line basis over the pro rata vesting period . total compensation expense recognized related to pnc stock options in 2007 was $ 29 million compared with $ 31 million in 2006 and $ 29 million in 2005 . pro forma effects a table is included in note 1 accounting policies that sets forth pro forma net income and basic and diluted earnings per share as if compensation expense had been recognized under sfas 123 and 123r , as amended , for stock options for 2005 . for purposes of computing stock option expense and 2005 pro forma results , we estimated the fair value of stock options using the black-scholes option pricing model . the model requires the use of numerous assumptions , many of which are very subjective . therefore , the 2005 pro forma results are estimates of results of operations as if compensation expense had been recognized for all stock-based compensation awards and are not indicative of the impact on future periods. .
Question: for the years ended december 31 , 2006 and 2005 what was the average weighted-average exercise price for options outstanding?
Answer:
|
57.48
|
for the years ended december 31 , 2006 and 2005 what was the average weighted-average exercise price for options outstanding?
|
{
"options": {
"A": "57.00",
"B": "57.48",
"C": "58.38",
"D": "59.95"
},
"goldenKey": "B"
}
|
{
"A": "57.00",
"B": "57.48",
"C": "58.38",
"D": "59.95"
}
|
B
|
finqa423
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements assessments in each of the tax jurisdictions resulting from these examinations . the company believes that adequate provisions have been made for income taxes for all periods through december 31 , 2010 . 12 . stock-based compensation the company recognized stock-based compensation of $ 52.6 million , $ 60.7 million and $ 54.8 million for the years ended december 31 , 2010 , 2009 and 2008 , respectively . stock-based compensation for the year ended december 31 , 2009 included $ 6.9 million related to the modification of the vesting and exercise terms for certain employee 2019s equity awards . the company did not capitalize any stock-based compensation during the years ended december 31 , 2010 and 2009 . summary of stock-based compensation plans 2014the company maintains equity incentive plans that provide for the grant of stock-based awards to its directors , officers and employees . under the 2007 equity incentive plan ( 201c2007 plan 201d ) , which provides for the grant of non-qualified and incentive stock options , as well as restricted stock units , restricted stock and other stock-based awards , exercise prices in the case of non-qualified and incentive stock options are not less than the fair market value of the underlying common stock on the date of grant . equity awards typically vest ratably over various periods , generally four years , and generally expire ten years from the date of grant . stock options 2014as of december 31 , 2010 , the company had the ability to grant stock-based awards with respect to an aggregate of 22.0 million shares of common stock under the 2007 plan . the fair value of each option grant is estimated on the date of grant using the black-scholes option pricing model based on the assumptions noted in the table below . the risk-free treasury rate is based on the u.s . treasury yield in effect at the accounting measurement date . the expected life ( estimated period of time outstanding ) was estimated using the vesting term and historical exercise behavior of company employees . the expected volatility was based on historical volatility for a period equal to the expected life of the stock options . key assumptions used to apply this pricing model are as follows: .
||2010|2009|2008|
|range of risk-free interest rate|1.41% ( 1.41 % ) 2013 2.39% ( 2.39 % )|1.41% ( 1.41 % ) 2013 2.04% ( 2.04 % )|1.44% ( 1.44 % ) 2013 3.05% ( 3.05 % )|
|weighted average risk-free interest rate|2.35% ( 2.35 % )|1.71% ( 1.71 % )|1.89% ( 1.89 % )|
|expected life of option grants|4.60 years|4.00 years|4.00 years|
|range of expected volatility of underlying stock price|37.11% ( 37.11 % ) 2013 37.48% ( 37.48 % )|36.00% ( 36.00 % ) 2013 36.63% ( 36.63 % )|28.51% ( 28.51 % ) 2013 35.30% ( 35.30 % )|
|weighted average expected volatility of underlying stock price|37.14% ( 37.14 % )|36.23% ( 36.23 % )|29.10% ( 29.10 % )|
|expected annual dividends|n/a|n/a|n/a|
the weighted average grant date fair value per share during the years ended december 31 , 2010 , 2009 and 2008 was $ 15.03 , $ 8.90 and $ 9.55 , respectively . the intrinsic value of stock options exercised during the years ended december 31 , 2010 , 2009 and 2008 was $ 62.7 million , $ 40.1 million and $ 99.1 million , respectively . as of december 31 , 2010 , total unrecognized compensation expense related to unvested stock options was approximately $ 27.7 million and is expected to be recognized over a weighted average period of approximately two years . the amount of cash received from the exercise of stock options was approximately $ 129.1 million during the year ended december 31 , 2010 . during the year ended december 31 , 2010 , the company realized approximately $ 0.3 million of state tax benefits from the exercise of stock options. .
Question: what is the percentage change in the intrinsic value of stock options from 2008 to 2009?
Answer:
|
0.56359
|
what is the percentage change in the intrinsic value of stock options from 2008 to 2009?
|
{
"options": {
"A": "0.56359%",
"B": "56.359%",
"C": "5.6359%",
"D": "563.59%"
},
"goldenKey": "A"
}
|
{
"A": "0.56359%",
"B": "56.359%",
"C": "5.6359%",
"D": "563.59%"
}
|
A
|
finqa424
|
Please answer the given financial question based on the context.
Context: a valuation allowance totaling $ 43.9 million , $ 40.4 million and $ 40.1 million as of 2012 , 2011 and 2010 year end , respectively , has been established for deferred income tax assets primarily related to certain subsidiary loss carryforwards that may not be realized . realization of the net deferred income tax assets is dependent on generating sufficient taxable income prior to their expiration . although realization is not assured , management believes it is more- likely-than-not that the net deferred income tax assets will be realized . the amount of the net deferred income tax assets considered realizable , however , could change in the near term if estimates of future taxable income during the carryforward period fluctuate . the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for 2012 , 2011 and ( amounts in millions ) 2012 2011 2010 .
|( amounts in millions )|2012|2011|2010|
|unrecognized tax benefits at beginning of year|$ 11.0|$ 11.1|$ 17.5|
|gross increases 2013 tax positions in prior periods|0.7|0.5|0.6|
|gross decreases 2013 tax positions in prior periods|-4.9 ( 4.9 )|-0.4 ( 0.4 )|-0.4 ( 0.4 )|
|gross increases 2013 tax positions in the current period|1.2|2.8|3.1|
|settlements with taxing authorities|2013|-1.2 ( 1.2 )|-9.5 ( 9.5 )|
|increase related to acquired business|2013|2013|0.4|
|lapsing of statutes of limitations|-1.2 ( 1.2 )|-1.8 ( 1.8 )|-0.6 ( 0.6 )|
|unrecognized tax benefits at end of year|$ 6.8|$ 11.0|$ 11.1|
of the $ 6.8 million , $ 11.0 million and $ 11.1 million of unrecognized tax benefits as of 2012 , 2011 and 2010 year end , respectively , approximately $ 4.1 million , $ 9.1 million and $ 11.1 million , respectively , would impact the effective income tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded in income tax expense . during 2012 and 2011 , the company reversed a net $ 0.5 million and $ 1.4 million , respectively , of interest and penalties to income associated with unrecognized tax benefits . as of 2012 , 2011 and 2010 year end , the company has provided for $ 1.6 million , $ 1.6 million and $ 2.8 million , respectively , of accrued interest and penalties related to unrecognized tax benefits . the unrecognized tax benefits and related accrued interest and penalties are included in 201cother long-term liabilities 201d on the accompanying consolidated balance sheets . snap-on and its subsidiaries file income tax returns in the united states and in various state , local and foreign jurisdictions . it is reasonably possible that certain unrecognized tax benefits may either be settled with taxing authorities or the statutes of limitations for such items may lapse within the next 12 months , causing snap-on 2019s gross unrecognized tax benefits to decrease by a range of zero to $ 2.4 million . over the next 12 months , snap-on anticipates taking uncertain tax positions on various tax returns for which the related tax benefit does not meet the recognition threshold . accordingly , snap-on 2019s gross unrecognized tax benefits may increase by a range of zero to $ 1.6 million over the next 12 months for uncertain tax positions expected to be taken in future tax filings . with few exceptions , snap-on is no longer subject to u.s . federal and state/local income tax examinations by tax authorities for years prior to 2008 , and snap-on is no longer subject to non-u.s . income tax examinations by tax authorities for years prior to 2006 . the undistributed earnings of all non-u.s . subsidiaries totaled $ 492.2 million , $ 416.4 million and $ 386.5 million as of 2012 , 2011 and 2010 year end , respectively . snap-on has not provided any deferred taxes on these undistributed earnings as it considers the undistributed earnings to be permanently invested . determination of the amount of unrecognized deferred income tax liability related to these earnings is not practicable . 2012 annual report 83 .
Question: what was the average undistributed earnings of all non-u.s . subsidiaries from 2010 to 2012 in millions
Answer:
|
649.05
|
what was the average undistributed earnings of all non-u.s . subsidiaries from 2010 to 2012 in millions
|
{
"options": {
"A": "386.5",
"B": "416.4",
"C": "492.2",
"D": "649.05"
},
"goldenKey": "D"
}
|
{
"A": "386.5",
"B": "416.4",
"C": "492.2",
"D": "649.05"
}
|
D
|
finqa425
|
Please answer the given financial question based on the context.
Context: investment policy , which is described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . we calculate the expense associated with the pension plan and the assumptions and methods that we use include a policy of reflecting trust assets at their fair market value . on an annual basis , we review the actuarial assumptions related to the pension plan , including the discount rate , the rate of compensation increase and the expected return on plan assets . the discount rate and compensation increase assumptions do not significantly affect pension expense . however , the expected long-term return on assets assumption does significantly affect pension expense . our expected long- term return on plan assets for determining net periodic pension expense has been 8.25% ( 8.25 % ) for the past three years . the expected return on plan assets is a long-term assumption established by considering historical and anticipated returns of the asset classes invested in by the pension plan and the allocation strategy currently in place among those classes . while this analysis gives appropriate consideration to recent asset performance and historical returns , the assumption represents a long-term prospective return . we review this assumption at each measurement date and adjust it if warranted . for purposes of setting and reviewing this assumption , 201clong- term 201d refers to the period over which the plan 2019s projected benefit obligation will be disbursed . while year-to-year annual returns can vary significantly ( rates of return for the reporting years of 2009 , 2008 , and 2007 were +20.61% ( +20.61 % ) , -32.91% ( -32.91 % ) , and +7.57% ( +7.57 % ) , respectively ) , the assumption represents our estimate of long-term average prospective returns . our selection process references certain historical data and the current environment , but primarily utilizes qualitative judgment regarding future return expectations . recent annual returns may differ but , recognizing the volatility and unpredictability of investment returns , we generally do not change the assumption unless we modify our investment strategy or identify events that would alter our expectations of future returns . to evaluate the continued reasonableness of our assumption , we examine a variety of viewpoints and data . various studies have shown that portfolios comprised primarily of us equity securities have returned approximately 10% ( 10 % ) over long periods of time , while us debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation of equities and bonds produces a result between 8% ( 8 % ) and 8.5% ( 8.5 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns , and in many cases low returns in recent time periods are followed by higher returns in future periods ( and vice versa ) . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from other observers . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . the expected long-term return on plan assets for determining net periodic pension cost for 2009 was 8.25% ( 8.25 % ) , unchanged from 2008 . during 2010 , we intend to decrease the midpoint of the plan 2019s target allocation range for equities by approximately five percentage points . as a result of this change and taking into account all other factors described above , pnc will change the expected long-term return on plan assets to 8.00% ( 8.00 % ) for determining net periodic pension cost for 2010 . under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to change by up to $ 8 million as the impact is amortized into results of operations . the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2010 estimated expense as a baseline . change in assumption ( a ) estimated increase to 2010 pension expense ( in millions ) .
|change in assumption ( a )|estimatedincrease to 2010pensionexpense ( inmillions )|
|.5% ( .5 % ) decrease in discount rate|$ 10|
|.5% ( .5 % ) decrease in expected long-term return on assets|$ 18|
|.5% ( .5 % ) increase in compensation rate|$ 3|
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . we currently estimate a pretax pension expense of $ 41 million in 2010 compared with pretax expense of $ 117 million in 2009 . this year-over-year reduction was primarily due to the amortization impact of the favorable 2009 investment returns as compared with the expected long-term return assumption . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of permitted contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we expect that the minimum required contributions under the law will be zero for 2010 . we maintain other defined benefit plans that have a less significant effect on financial results , including various .
Question: the pretax pension expenses that reduced primarily due to the amortization impact of the favorable 2009 investment returns as compared with the expected long-term return assumption resulted in how much of a decreased expense from 2009 to 2010 , in millions?
Answer:
|
76.0
|
the pretax pension expenses that reduced primarily due to the amortization impact of the favorable 2009 investment returns as compared with the expected long-term return assumption resulted in how much of a decreased expense from 2009 to 2010 , in millions?
|
{
"options": {
"A": "10",
"B": "18",
"C": "41",
"D": "76"
},
"goldenKey": "D"
}
|
{
"A": "10",
"B": "18",
"C": "41",
"D": "76"
}
|
D
|
finqa426
|
Please answer the given financial question based on the context.
Context: notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 31974 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 26012 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and review revenue 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 2014 2013 2012 .
|millions|2014|2013|2012|
|agricultural products|$ 3777|$ 3276|$ 3280|
|automotive|2103|2077|1807|
|chemicals|3664|3501|3238|
|coal|4127|3978|3912|
|industrial products|4400|3822|3494|
|intermodal|4489|4030|3955|
|total freight revenues|$ 22560|$ 20684|$ 19686|
|other revenues|1428|1279|1240|
|total operatingrevenues|$ 23988|$ 21963|$ 20926|
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 . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are revenues from our mexico business which amounted to $ 2.3 billion in 2014 , $ 2.1 billion in 2013 , and $ 1.9 billion in 2012 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .
Question: what was the increase in total operating revenues in 2013?
Answer:
|
1.04956
|
what was the increase in total operating revenues in 2013?
|
{
"options": {
"A": "1.04956",
"B": "1.09956",
"C": "1.14956",
"D": "1.19956"
},
"goldenKey": "A"
}
|
{
"A": "1.04956",
"B": "1.09956",
"C": "1.14956",
"D": "1.19956"
}
|
A
|
finqa427
|
Please answer the given financial question based on the context.
Context: hollyfrontier corporation notes to consolidated financial statements continued .
||( in thousands )|
|2018|$ 148716|
|2019|132547|
|2020|119639|
|2021|107400|
|2022|102884|
|thereafter|857454|
|total|$ 1468640|
transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: what were total transportation and storage costs incurred under these agreements for the years ended december 31 , 2017 , 2016 and 2015?
Answer:
|
413.3
|
what were total transportation and storage costs incurred under these agreements for the years ended december 31 , 2017 , 2016 and 2015?
|
{
"options": {
"A": "140.5 million",
"B": "135.1 million",
"C": "137.7 million",
"D": "413.3 million"
},
"goldenKey": "D"
}
|
{
"A": "140.5 million",
"B": "135.1 million",
"C": "137.7 million",
"D": "413.3 million"
}
|
D
|
finqa428
|
Please answer the given financial question based on the context.
Context: during 2015 , continued management actions , primarily the sale or transfer to held-for-sale of approximately $ 1.5 billion of delinquent residential first mortgages , including $ 0.9 billion in the fourth quarter largely associated with the transfer of citifinancial loans to held-for-sale referenced above , were the primary driver of the overall improvement in delinquencies within citi holdings 2019 residential first mortgage portfolio . credit performance from quarter to quarter could continue to be impacted by the amount of delinquent loan sales or transfers to held-for-sale , as well as overall trends in hpi and interest rates . north america residential first mortgages 2014state delinquency trends the following tables set forth the six u.s . states and/or regions with the highest concentration of citi 2019s residential first mortgages. .
|in billions of dollars state ( 1 )|in billions of dollars enr ( 2 )|in billions of dollars enrdistribution|in billions of dollars 90+dpd% ( 90+dpd % )|in billions of dollars %ltv >100% ( >100 % ) ( 3 )|in billions of dollars refreshedfico|in billions of dollars enr ( 2 )|in billions of dollars enrdistribution|in billions of dollars 90+dpd% ( 90+dpd % )|%ltv >100% ( >100 % ) ( 3 )|refreshedfico|
|ca|$ 19.2|37% ( 37 % )|0.2% ( 0.2 % )|1% ( 1 % )|754|$ 18.9|31% ( 31 % )|0.6% ( 0.6 % )|2% ( 2 % )|745|
|ny/nj/ct ( 4 )|12.7|25|0.8|1|751|12.2|20|1.9|2|740|
|va/md|2.2|4|1.2|2|719|3.0|5|3.0|8|695|
|il ( 4 )|2.2|4|1.0|3|735|2.5|4|2.5|9|713|
|fl ( 4 )|2.2|4|1.1|4|723|2.8|5|3.0|14|700|
|tx|1.9|4|1.0|2014|711|2.5|4|2.7|2014|680|
|other|11.0|21|1.3|2|710|18.2|30|3.3|7|677|
|total ( 5 )|$ 51.5|100% ( 100 % )|0.7% ( 0.7 % )|1% ( 1 % )|738|$ 60.1|100% ( 100 % )|2.1% ( 2.1 % )|4% ( 4 % )|715|
total ( 5 ) $ 51.5 100% ( 100 % ) 0.7% ( 0.7 % ) 1% ( 1 % ) 738 $ 60.1 100% ( 100 % ) 2.1% ( 2.1 % ) 4% ( 4 % ) 715 note : totals may not sum due to rounding . ( 1 ) certain of the states are included as part of a region based on citi 2019s view of similar hpi within the region . ( 2 ) ending net receivables . excludes loans in canada and puerto rico , loans guaranteed by u.s . government agencies , loans recorded at fair value and loans subject to long term standby commitments ( ltscs ) . excludes balances for which fico or ltv data are unavailable . ( 3 ) ltv ratios ( loan balance divided by appraised value ) are calculated at origination and updated by applying market price data . ( 4 ) new york , new jersey , connecticut , florida and illinois are judicial states . ( 5 ) improvement in state trends during 2015 was primarily due to the sale or transfer to held-for-sale of residential first mortgages , including the transfer of citifinancial residential first mortgages to held-for-sale in the fourth quarter of 2015 . foreclosures a substantial majority of citi 2019s foreclosure inventory consists of residential first mortgages . at december 31 , 2015 , citi 2019s foreclosure inventory included approximately $ 0.1 billion , or 0.2% ( 0.2 % ) , of the total residential first mortgage portfolio , compared to $ 0.6 billion , or 0.9% ( 0.9 % ) , at december 31 , 2014 , based on the dollar amount of ending net receivables of loans in foreclosure inventory , excluding loans that are guaranteed by u.s . government agencies and loans subject to ltscs . north america consumer mortgage quarterly credit trends 2014net credit losses and delinquencies 2014home equity citi 2019s home equity loan portfolio consists of both fixed-rate home equity loans and loans extended under home equity lines of credit . fixed-rate home equity loans are fully amortizing . home equity lines of credit allow for amounts to be drawn for a period of time with the payment of interest only and then , at the end of the draw period , the then-outstanding amount is converted to an amortizing loan ( the interest-only payment feature during the revolving period is standard for this product across the industry ) . after conversion , the home equity loans typically have a 20-year amortization period . as of december 31 , 2015 , citi 2019s home equity loan portfolio of $ 22.8 billion consisted of $ 6.3 billion of fixed-rate home equity loans and $ 16.5 billion of loans extended under home equity lines of credit ( revolving helocs ) . .
Question: what percentage of citi's home equity portfolio as of december 31 , 2015 was comprised of loans extended under home equity lines of credit ( revolving helocs ) ?
Answer:
|
0.72368
|
what percentage of citi's home equity portfolio as of december 31 , 2015 was comprised of loans extended under home equity lines of credit ( revolving helocs ) ?
|
{
"options": {
"A": "0.2%",
"B": "0.7%",
"C": "2.1%",
"D": "0.72368%"
},
"goldenKey": "D"
}
|
{
"A": "0.2%",
"B": "0.7%",
"C": "2.1%",
"D": "0.72368%"
}
|
D
|
finqa429
|
Please answer the given financial question based on the context.
Context: 18 2015 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2015 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
||2010|2011|2012|2013|2014|2015|
|jkhy|100.00|127.44|148.62|205.60|263.21|290.88|
|peer group|100.00|136.78|148.10|174.79|239.10|301.34|
|s&p 500|100.00|130.69|137.81|166.20|207.10|222.47|
this comparison assumes $ 100 was invested on june 30 , 2010 , and assumes reinvestments of dividends . total returns are calculated according to market capitalization of peer group members at the beginning of each period . peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses . companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , heartland payment systems , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. . micros systems , inc . was removed from the peer group as it was acquired in september 2014. .
Question: what was the percentage change in the 5 year annual performance of the peer group stock from 2010 to 2011
Answer:
|
0.08276
|
what was the percentage change in the 5 year annual performance of the peer group stock from 2010 to 2011
|
{
"options": {
"A": "0.08276",
"B": "0.3678",
"C": "0.481",
"D": "0.7479"
},
"goldenKey": "A"
}
|
{
"A": "0.08276",
"B": "0.3678",
"C": "0.481",
"D": "0.7479"
}
|
A
|
finqa432
|
Please answer the given financial question based on the context.
Context: contingencies we are exposed to certain known contingencies that are material to our investors . the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k . these contingencies may have a material effect on our liquidity , capital resources or results of operations . in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes . we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies . we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business . off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business . contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: .
|( in millions )|2019|2020 - 2021|2022 - 2023|thereafter|total|
|long-term debt including interest ( 1 )|$ 508|$ 1287|$ 3257|$ 8167|$ 13219|
|operating leases|167|244|159|119|689|
|data acquisition|289|467|135|4|895|
|purchase obligations ( 2 )|17|22|15|8|62|
|commitments to unconsolidated affiliates ( 3 )|2014|2014|2014|2014|2014|
|benefit obligations ( 4 )|25|27|29|81|162|
|uncertain income tax positions ( 5 )|17|2014|2014|2014|17|
|total|$ 1023|$ 2047|$ 3595|$ 8379|$ 15044|
( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 . ( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions . ( 3 ) we are currently committed to invest $ 120 million in private equity funds . as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid . ( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans . we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 . due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 . ( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: if the remaining commitment for private equity fund was to be paid in 2019 , what would be the total commitment for 2019?
Answer:
|
1065.0
|
if the remaining commitment for private equity fund was to be paid in 2019 , what would be the total commitment for 2019?
|
{
"options": {
"A": "1023.0",
"B": "2047.0",
"C": "3595.0",
"D": "1065.0"
},
"goldenKey": "D"
}
|
{
"A": "1023.0",
"B": "2047.0",
"C": "3595.0",
"D": "1065.0"
}
|
D
|
finqa433
|
Please answer the given financial question based on the context.
Context: the fair value of performance awards is calculated using the market value of a share of snap-on 2019s common stock on the date of grant . the weighted-average grant date fair value of performance awards granted during 2013 , 2012 and 2011 was $ 77.33 , $ 60.00 and $ 55.97 , respectively . vested performance share units approximated 148000 shares as of 2013 year end , 213000 shares as of 2012 year end and 54208 shares as of 2011 year end . performance share units of 213459 shares were paid out in 2013 and 53990 shares were paid out in 2012 ; no performance share units were paid out in 2011 . earned performance share units are generally paid out following the conclusion of the applicable performance period upon approval by the organization and executive compensation committee of the company 2019s board of directors ( the 201cboard 201d ) . based on the company 2019s 2013 performance , 84413 rsus granted in 2013 were earned ; assuming continued employment , these rsus will vest at the end of fiscal 2015 . based on the company 2019s 2012 performance , 95047 rsus granted in 2012 were earned ; assuming continued employment , these rsus will vest at the end of fiscal 2014 . based on the company 2019s 2011 performance , 159970 rsus granted in 2011 were earned ; these rsus vested as of fiscal 2013 year end and were paid out shortly thereafter . as a result of employee retirements , a total of 1614 of the rsus earned in 2012 and 2011 vested pursuant to the terms of the related award agreements and the underlying shares were paid out in the third quarter of 2013 . the changes to the company 2019s non-vested performance awards in 2013 are as follows : shares ( in thousands ) fair value price per share* .
||shares ( in thousands )|fair valueprice pershare*|
|non-vested performance awards at beginning of year|509|$ 59.36|
|granted|180|77.33|
|vested|-306 ( 306 )|58.94|
|cancellations|-2 ( 2 )|69.23|
|non-vested performance awards at end of year|381|68.13|
* weighted-average as of 2013 year end there was approximately $ 12.9 million of unrecognized compensation cost related to non-vested performance awards that is expected to be recognized as a charge to earnings over a weighted-average period of 1.6 years . stock appreciation rights ( 201csars 201d ) the company also issues cash-settled and stock-settled sars to certain key non-u.s . employees . sars have a contractual term of ten years and vest ratably on the first , second and third anniversaries of the date of grant . sars are granted with an exercise price equal to the market value of a share of snap-on 2019s common stock on the date of grant . cash-settled sars provide for the cash payment of the excess of the fair market value of snap-on 2019s common stock price on the date of exercise over the grant price . cash-settled sars have no effect on dilutive shares or shares outstanding as any appreciation of snap-on 2019s common stock value over the grant price is paid in cash and not in common stock . in 2013 , the company began issuing stock-settled sars that are accounted for as equity instruments and provide for the issuance of snap-on common stock equal to the amount by which the company 2019s stock has appreciated over the exercise price . stock-settled sars have an effect on dilutive shares and shares outstanding as any appreciation of snap-on 2019s common stock value over the exercise price will be settled in shares of common stock . 2013 annual report 101 .
Question: what was the average approximate vested performance share units from 2011 to 2013
Answer:
|
415208.0
|
what was the average approximate vested performance share units from 2011 to 2013
|
{
"options": {
"A": "148000",
"B": "213000",
"C": "54208",
"D": "415208.0"
},
"goldenKey": "D"
}
|
{
"A": "148000",
"B": "213000",
"C": "54208",
"D": "415208.0"
}
|
D
|
finqa435
|
Please answer the given financial question based on the context.
Context: discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014 factors affecting sources of liquidity . 201d recent sales of unregistered securities during the year ended december 31 , 2005 , we issued an aggregate of 4670335 shares of our class a common stock upon conversion of $ 57.1 million principal amount of our 3.25% ( 3.25 % ) notes . pursuant to the terms of the indenture , the holders of the 3.25% ( 3.25 % ) notes received 81.808 shares of class a common stock for every $ 1000 principal amount of notes converted . the shares were issued to the noteholders in reliance on the exemption from registration set forth in section 3 ( a ) ( 9 ) of the securities act of 1933 , as amended . no underwriters were engaged in connection with such issuances . in connection with the conversion , we paid such holders an aggregate of $ 4.9 million , calculated based on the accrued and unpaid interest on the notes and the discounted value of the future interest payments on the notes . subsequent to december 31 , 2005 , we issued shares of class a common stock upon conversions of additional 3.25% ( 3.25 % ) notes , as set forth in item 9b of this annual report under the caption 201cother information . 201d during the year ended december 31 , 2005 , we issued an aggregate of 398412 shares of our class a common stock upon exercises of 55729 warrants assumed in our merger with spectrasite , inc . in august 2005 , in connection with our merger with spectrasite , inc. , we assumed approximately 1.0 million warrants to purchase shares of spectrasite , inc . common stock . upon completion of the merger , each warrant to purchase shares of spectrasite , inc . common stock automatically converted into a warrant to purchase 7.15 shares of class a common stock at an exercise price of $ 32 per warrant . net proceeds from these warrant exercises were approximately $ 1.8 million . the shares of class a common stock issued to the warrantholders upon exercise of the warrants were issued in reliance on the exemption from registration set forth in section 3 ( a ) ( 9 ) of the securities act of 1933 , as amended . no underwriters were engaged in connection with such issuances . subsequent to december 31 , 2005 , we issued shares of class a common stock upon exercises of additional warrants , as set forth in item 9b of this annual report under the caption 201cother information . 201d issuer purchases of equity securities in november 2005 , we announced that our board of directors had approved a stock repurchase program pursuant to which we intend to repurchase up to $ 750.0 million of our class a common stock through december 2006 . during the fourth quarter of 2005 , we repurchased 2836519 shares of our class a common stock for an aggregate of $ 76.6 million pursuant to our stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs ( 1 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .
|period|total number of shares purchased ( 1 )|average price paid per share|total number of shares purchased as part of publicly announced plans or programs ( 1 )|approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions )|
|11/17/05 2013 11/30/05|874306|$ 26.25|874306|$ 727.0|
|12/1/05 2013 12/31/05|1962213|$ 27.29|1962213|$ 673.4|
|total fourth quarter|2836519|$ 26.97|2836519|$ 673.4|
( 1 ) all issuer repurchases were made pursuant to the stock repurchase program publicly announced in november 2005 . pursuant to the program , we intend to repurchase up to $ 750.0 million of our class a common stock during the period november 2005 through december 2006 . under the program , our management is authorized to purchase shares from time to time in open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors . to facilitate repurchases , we entered into a trading plan under rule 10b5-1 of the securities exchange act of 1934 , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self- imposed trading blackout periods . the program may be discontinued at any time . since december 31 , 2005 , we have continued to repurchase shares of our class a common stock pursuant to our stock repurchase program . between january 1 , 2006 and march 9 , 2006 , we repurchased 3.9 million shares of class a common stock for an aggregate of $ 117.4 million pursuant to the stock repurchase program. .
Question: what is the total amount of cash used for stock repurchase during november 2005 , in millions?
Answer:
|
22.95053
|
what is the total amount of cash used for stock repurchase during november 2005 , in millions?
|
{
"options": {
"A": "22.95053",
"B": "26.25",
"C": "27.29",
"D": "117.4"
},
"goldenKey": "A"
}
|
{
"A": "22.95053",
"B": "26.25",
"C": "27.29",
"D": "117.4"
}
|
A
|
finqa436
|
Please answer the given financial question based on the context.
Context: part iii item 10 . directors , executive officers and corporate governance the information required by this item is incorporated by reference to the 201celection of directors 201d section , the 201cdirector selection process 201d section , the 201ccode of conduct 201d section , the 201cprincipal committees of the board of directors 201d section , the 201caudit committee 201d section and the 201csection 16 ( a ) beneficial ownership reporting compliance 201d section of the proxy statement for the annual meeting of stockholders to be held on may 21 , 2015 ( the 201cproxy statement 201d ) , except for the description of our executive officers , which appears in part i of this report on form 10-k under the heading 201cexecutive officers of ipg . 201d new york stock exchange certification in 2014 , our chief executive officer provided the annual ceo certification to the new york stock exchange , as required under section 303a.12 ( a ) of the new york stock exchange listed company manual . item 11 . executive compensation the information required by this item is incorporated by reference to the 201cexecutive compensation 201d section , the 201cnon- management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation and leadership talent committee report 201d section of the proxy statement . item 12 . security ownership of certain beneficial owners and management and related stockholder matters the information required by this item is incorporated by reference to the 201coutstanding shares and ownership of common stock 201d section of the proxy statement , except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of december 31 , 2014 , which is provided in the following table . equity compensation plan information plan category number of shares of common stock to be issued upon exercise of outstanding options , warrants and rights ( a ) 123 weighted-average exercise price of outstanding stock options 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 . . . . . . . . . . . . . . . . . . . 15563666 9.70 41661517 equity compensation plans not approved by security holders . . . . . . . . . . . . . . . . . none 1 included a total of 5866475 performance-based share awards made under the 2009 and 2014 performance incentive plans representing the target number of shares of common stock to be issued to employees following the completion of the 2012-2014 performance period ( the 201c2014 ltip share awards 201d ) , the 2013-2015 performance period ( the 201c2015 ltip share awards 201d ) and the 2014-2016 performance period ( the 201c2016 ltip share awards 201d ) , respectively . the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2014 ltip share awards , the 2015 ltip share awards or the 2016 ltip share awards into account . 2 included a total of 98877 restricted share units and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares of common stock or cash . the computation of the weighted-average exercise price in column ( b ) of this table does not take the share unit awards into account . each share unit award actually settled in cash will increase the number of shares of common stock available for issuance shown in column ( c ) . 3 ipg has issued restricted cash awards ( 201cperformance cash awards 201d ) , half of which shall be settled in shares of common stock and half of which shall be settled in cash . using the 2014 closing stock price of $ 20.77 , the awards which shall be settled in shares of common stock represent rights to an additional 2721405 shares . these shares are not included in the table above . 4 included ( i ) 29045044 shares of common stock available for issuance under the 2014 performance incentive plan , ( ii ) 12181214 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 435259 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan. .
|plan category|number of shares of common stock to be issued upon exercise of outstanding options warrants and rights ( a ) 123|weighted-average exercise price of outstanding stock options ( b )|number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) 4|
|equity compensation plans approved by security holders|15563666|9.70|41661517|
|equity compensation plans not approved by security holders|none|||
part iii item 10 . directors , executive officers and corporate governance the information required by this item is incorporated by reference to the 201celection of directors 201d section , the 201cdirector selection process 201d section , the 201ccode of conduct 201d section , the 201cprincipal committees of the board of directors 201d section , the 201caudit committee 201d section and the 201csection 16 ( a ) beneficial ownership reporting compliance 201d section of the proxy statement for the annual meeting of stockholders to be held on may 21 , 2015 ( the 201cproxy statement 201d ) , except for the description of our executive officers , which appears in part i of this report on form 10-k under the heading 201cexecutive officers of ipg . 201d new york stock exchange certification in 2014 , our chief executive officer provided the annual ceo certification to the new york stock exchange , as required under section 303a.12 ( a ) of the new york stock exchange listed company manual . item 11 . executive compensation the information required by this item is incorporated by reference to the 201cexecutive compensation 201d section , the 201cnon- management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation and leadership talent committee report 201d section of the proxy statement . item 12 . security ownership of certain beneficial owners and management and related stockholder matters the information required by this item is incorporated by reference to the 201coutstanding shares and ownership of common stock 201d section of the proxy statement , except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of december 31 , 2014 , which is provided in the following table . equity compensation plan information plan category number of shares of common stock to be issued upon exercise of outstanding options , warrants and rights ( a ) 123 weighted-average exercise price of outstanding stock options 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 . . . . . . . . . . . . . . . . . . . 15563666 9.70 41661517 equity compensation plans not approved by security holders . . . . . . . . . . . . . . . . . none 1 included a total of 5866475 performance-based share awards made under the 2009 and 2014 performance incentive plans representing the target number of shares of common stock to be issued to employees following the completion of the 2012-2014 performance period ( the 201c2014 ltip share awards 201d ) , the 2013-2015 performance period ( the 201c2015 ltip share awards 201d ) and the 2014-2016 performance period ( the 201c2016 ltip share awards 201d ) , respectively . the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2014 ltip share awards , the 2015 ltip share awards or the 2016 ltip share awards into account . 2 included a total of 98877 restricted share units and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares of common stock or cash . the computation of the weighted-average exercise price in column ( b ) of this table does not take the share unit awards into account . each share unit award actually settled in cash will increase the number of shares of common stock available for issuance shown in column ( c ) . 3 ipg has issued restricted cash awards ( 201cperformance cash awards 201d ) , half of which shall be settled in shares of common stock and half of which shall be settled in cash . using the 2014 closing stock price of $ 20.77 , the awards which shall be settled in shares of common stock represent rights to an additional 2721405 shares . these shares are not included in the table above . 4 included ( i ) 29045044 shares of common stock available for issuance under the 2014 performance incentive plan , ( ii ) 12181214 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 435259 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan. .
Question: what is the total value of equity compensation plan approved by security holders , ( in millions ) ?
Answer:
|
150.96756
|
what is the total value of equity compensation plan approved by security holders , ( in millions ) ?
|
{
"options": {
"A": "150.96756",
"B": "155.63666",
"C": "416.61517",
"D": "9.70"
},
"goldenKey": "A"
}
|
{
"A": "150.96756",
"B": "155.63666",
"C": "416.61517",
"D": "9.70"
}
|
A
|
finqa437
|
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: what was the change in millions of securities purchased under agreements to resell between 2011 and 2012?
Answer:
|
-46455.0
|
what was the change in millions of securities purchased under agreements to resell between 2011 and 2012?
|
{
"options": {
"A": "-46455.0",
"B": "46455.0",
"C": "-141334.0",
"D": "141334.0"
},
"goldenKey": "A"
}
|
{
"A": "-46455.0",
"B": "46455.0",
"C": "-141334.0",
"D": "141334.0"
}
|
A
|
finqa438
|
Please answer the given financial question based on the context.
Context: entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds . ( b ) the bonds are secured by a series of collateral first mortgage bonds . ( c ) in december 2005 , entergy corporation sold 10 million equity units with a stated amount of $ 50 each . an equity unit consisted of ( 1 ) a note , initially due february 2011 and initially bearing interest at an annual rate of 5.75% ( 5.75 % ) , and ( 2 ) a purchase contract that obligated the holder of the equity unit to purchase for $ 50 between 0.5705 and 0.7074 shares of entergy corporation common stock on or before february 17 , 2009 . entergy paid the holders quarterly contract adjustment payments of 1.875% ( 1.875 % ) per year on the stated amount of $ 50 per equity unit . under the terms of the purchase contracts , entergy attempted to remarket the notes in february 2009 but was unsuccessful , the note holders put the notes to entergy , entergy retired the notes , and entergy issued 6598000 shares of common stock in the settlement of the purchase contracts . ( d ) pursuant to the nuclear waste policy act of 1982 , entergy's nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term ( e ) the fair value excludes lease obligations , long-term doe obligations , and the note payable to nypa , and includes debt due within one year . it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms . ( f ) entergy gulf states louisiana remains primarily liable for all of the long-term debt issued by entergy gulf states , inc . that was outstanding on december 31 , 2008 and 2007 . under a debt assumption agreement with entergy gulf states louisiana , entergy texas assumed approximately 46% ( 46 % ) of this long-term debt . the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2008 , for the next five years are as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2009|$ 516019|
|2010|$ 763036|
|2011|$ 897367|
|2012|$ 3625459|
|2013|$ 579461|
in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above . in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization . if entergy's debt ratio exceeds this limit , or if entergy or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur . entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have received ferc long-term financing orders authorizing long-term securities issuances . entergy arkansas has .
Question: what value of debt in thousands will mature between 2009 and 2011?
Answer:
|
2176422.0
|
what value of debt in thousands will mature between 2009 and 2011?
|
{
"options": {
"A": "516019",
"B": "763036",
"C": "897367",
"D": "2176422"
},
"goldenKey": "D"
}
|
{
"A": "516019",
"B": "763036",
"C": "897367",
"D": "2176422"
}
|
D
|
finqa439
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2016 annual report 103 risk in the derivatives portfolio . in addition , the firm 2019s risk management process takes into consideration the potential impact of wrong-way risk , which is broadly defined as the potential for increased correlation between the firm 2019s exposure to a counterparty ( avg ) and the counterparty 2019s credit quality . many factors may influence the nature and magnitude of these correlations over time . to the extent that these correlations are identified , the firm may adjust the cva associated with that counterparty 2019s avg . the firm risk manages exposure to changes in cva by entering into credit derivative transactions , as well as interest rate , foreign exchange , equity and commodity derivative transactions . the accompanying graph shows exposure profiles to the firm 2019s current derivatives portfolio over the next 10 years as calculated by the peak , dre and avg metrics . the three measures generally show that exposure will decline after the first year , if no new trades are added to the portfolio . exposure profile of derivatives measures december 31 , 2016 ( in billions ) the following table summarizes the ratings profile by derivative counterparty of the firm 2019s derivative receivables , including credit derivatives , net of all collateral , at the dates indicated . the ratings scale is based on the firm 2019s internal ratings , which generally correspond to the ratings as defined by s&p and moody 2019s . ratings profile of derivative receivables rating equivalent 2016 2015 ( a ) december 31 , ( in millions , except ratios ) exposure net of all collateral % ( % ) of exposure net of all collateral exposure net of all collateral % ( % ) of exposure net of all collateral .
|rating equivalent december 31 ( in millions except ratios )|rating equivalent exposure net of all collateral|rating equivalent % ( % ) of exposure netof all collateral|exposure net of all collateral|% ( % ) of exposure netof all collateral|
|aaa/aaa to aa-/aa3|$ 11449|28% ( 28 % )|$ 10371|24% ( 24 % )|
|a+/a1 to a-/a3|8505|20|10595|25|
|bbb+/baa1 to bbb-/baa3|13127|32|13807|32|
|bb+/ba1 to b-/b3|7308|18|7500|17|
|ccc+/caa1 and below|984|2|824|2|
|total|$ 41373|100% ( 100 % )|$ 43097|100% ( 100 % )|
( a ) prior period amounts have been revised to conform with the current period presentation . as previously noted , the firm uses collateral agreements to mitigate counterparty credit risk . the percentage of the firm 2019s derivatives transactions subject to collateral agreements 2014 excluding foreign exchange spot trades , which are not typically covered by collateral agreements due to their short maturity 2014 was 90% ( 90 % ) as of december 31 , 2016 , largely unchanged compared with 87% ( 87 % ) as of december 31 , 2015 . credit derivatives the firm uses credit derivatives for two primary purposes : first , in its capacity as a market-maker , and second , as an end-user to manage the firm 2019s own credit risk associated with various exposures . for a detailed description of credit derivatives , see credit derivatives in note 6 . credit portfolio management activities included in the firm 2019s end-user activities are credit derivatives used to mitigate the credit risk associated with traditional lending activities ( loans and unfunded commitments ) and derivatives counterparty exposure in the firm 2019s wholesale businesses ( collectively , 201ccredit portfolio management 201d activities ) . information on credit portfolio management activities is provided in the table below . for further information on derivatives used in credit portfolio management activities , see credit derivatives in note 6 . the firm also uses credit derivatives as an end-user to manage other exposures , including credit risk arising from certain securities held in the firm 2019s market-making businesses . these credit derivatives are not included in credit portfolio management activities ; for further information on these credit derivatives as well as credit derivatives used in the firm 2019s capacity as a market-maker in credit derivatives , see credit derivatives in note 6. .
Question: in 2016 what was the ratio of the aaa/aaa to aa-/aa3 to the a+/a1 to a-/a3
Answer:
|
1.34615
|
in 2016 what was the ratio of the aaa/aaa to aa-/aa3 to the a+/a1 to a-/a3
|
{
"options": {
"A": "1.34615",
"B": "0.80556",
"C": "1.28205",
"D": "0.875"
},
"goldenKey": "A"
}
|
{
"A": "1.34615",
"B": "0.80556",
"C": "1.28205",
"D": "0.875"
}
|
A
|
finqa440
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) of certain of its assets and liabilities under its interest rate swap agreements held as of december 31 , 2006 and entered into during the first half of 2007 . in addition , the company paid $ 8.0 million related to a treasury rate lock agreement entered into and settled during the year ended december 31 , 2008 . the cost of the treasury rate lock is being recognized as additional interest expense over the 10-year term of the 7.00% ( 7.00 % ) notes . during the year ended december 31 , 2007 , the company also received $ 3.1 million in cash upon settlement of the assets and liabilities under ten forward starting interest rate swap agreements with an aggregate notional amount of $ 1.4 billion , which were designated as cash flow hedges to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the certificates issued in the securitization in may 2007 . the settlement is being recognized as a reduction in interest expense over the five-year period for which the interest rate swaps were designated as hedges . the company also received $ 17.0 million in cash upon settlement of the assets and liabilities under thirteen additional interest rate swap agreements with an aggregate notional amount of $ 850.0 million that managed exposure to variability of interest rates under the credit facilities but were not considered cash flow hedges for accounting purposes . this gain is included in other income in the accompanying consolidated statement of operations for the year ended december 31 , 2007 . as of december 31 , 2008 and 2007 , other comprehensive ( loss ) income included the following items related to derivative financial instruments ( in thousands ) : .
||2008|2007|
|deferred loss on the settlement of the treasury rate lock net of tax|$ -4332 ( 4332 )|$ -4901 ( 4901 )|
|deferred gain on the settlement of interest rate swap agreements entered into in connection with the securitization net oftax|1238|1636|
|unrealized losses related to interest rate swap agreements net of tax|-16349 ( 16349 )|-486 ( 486 )|
during the years ended december 31 , 2008 and 2007 , the company recorded an aggregate net unrealized loss of approximately $ 15.8 million and $ 3.2 million , respectively ( net of a tax provision of approximately $ 10.2 million and $ 2.0 million , respectively ) in other comprehensive loss for the change in fair value of interest rate swaps designated as cash flow hedges and reclassified an aggregate of $ 0.1 million and $ 6.2 million , respectively ( net of an income tax provision of $ 2.0 million and an income tax benefit of $ 3.3 million , respectively ) into results of operations . 9 . fair valuemeasurements the company determines the fair market values of its financial instruments based on the fair value hierarchy established in sfas no . 157 , which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value . the standard describes three levels of inputs that may be used to measure fair value . level 1 quoted prices in active markets for identical assets or liabilities that the company has the ability to access at the measurement date . the company 2019s level 1 assets consist of available-for-sale securities traded on active markets as well as certain brazilian treasury securities that are highly liquid and are actively traded in over-the-counter markets . level 2 observable inputs other than level 1 prices , such as quoted prices for similar assets or liabilities ; quoted prices in markets that are not active ; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. .
Question: what is the pre-tax aggregate net unrealized loss in 2007?
Answer:
|
5.2
|
what is the pre-tax aggregate net unrealized loss in 2007?
|
{
"options": {
"A": "3.2",
"B": "5.2",
"C": "6.2",
"D": "15.8"
},
"goldenKey": "B"
}
|
{
"A": "3.2",
"B": "5.2",
"C": "6.2",
"D": "15.8"
}
|
B
|
finqa441
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements note 10 . securitization activities the firm securitizes residential and commercial mortgages , corporate bonds , loans and other types of financial assets by selling these assets to securitization vehicles ( e.g. , trusts , corporate entities and limited liability companies ) or through a resecuritization . the firm acts as underwriter of the beneficial interests that are sold to investors . the firm 2019s residential mortgage securitizations are substantially all in connection with government agency securitizations . beneficial interests issued by securitization entities are debt or equity securities that give the investors rights to receive all or portions of specified cash inflows to a securitization vehicle and include senior and subordinated interests in principal , interest and/or other cash inflows . the proceeds from the sale of beneficial interests are used to pay the transferor for the financial assets sold to the securitization vehicle or to purchase securities which serve as collateral . the firm accounts for a securitization as a sale when it has relinquished control over the transferred assets . prior to securitization , the firm accounts for assets pending transfer at fair value and therefore does not typically recognize significant gains or losses upon the transfer of assets . net revenues from underwriting activities are recognized in connection with the sales of the underlying beneficial interests to investors . for transfers of assets that are not accounted for as sales , the assets remain in 201cfinancial instruments owned , at fair value 201d and the transfer is accounted for as a collateralized financing , with the related interest expense recognized over the life of the transaction . see notes 9 and 23 for further information about collateralized financings and interest expense , respectively . the firm generally receives cash in exchange for the transferred assets but may also have continuing involvement with transferred assets , including ownership of beneficial interests in securitized financial assets , primarily in the form of senior or subordinated securities . the firm may also purchase senior or subordinated securities issued by securitization vehicles ( which are typically vies ) in connection with secondary market-making activities . the primary risks included in beneficial interests and other interests from the firm 2019s continuing involvement with securitization vehicles are the performance of the underlying collateral , the position of the firm 2019s investment in the capital structure of the securitization vehicle and the market yield for the security . these interests are accounted for at fair value and are included in 201cfinancial instruments owned , at fair value 201d and are generally classified in level 2 of the fair value hierarchy . see notes 5 through 8 for further information about fair value measurements . the table below presents the amount of financial assets securitized and the cash flows received on retained interests in securitization entities in which the firm had continuing involvement. .
|in millions|year ended december 2013|year ended december 2012|year ended december 2011|
|residential mortgages|$ 29772|$ 33755|$ 40131|
|commercial mortgages|6086|300|2014|
|other financial assets|2014|2014|269|
|total|$ 35858|$ 34055|$ 40400|
|cash flows on retained interests|$ 249|$ 389|$ 569|
goldman sachs 2013 annual report 165 .
Question: in millions for 2013 , 2012 , and 2011 , what was the total cash flows on retained interests?
Answer:
|
1207.0
|
in millions for 2013 , 2012 , and 2011 , what was the total cash flows on retained interests?
|
{
"options": {
"A": "249",
"B": "389",
"C": "569",
"D": "1207.0"
},
"goldenKey": "D"
}
|
{
"A": "249",
"B": "389",
"C": "569",
"D": "1207.0"
}
|
D
|
finqa442
|
Please answer the given financial question based on the context.
Context: as of december 31 , 2017 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 .
|2018|$ 9127|
|2019|8336|
|2020|8350|
|2021|7741|
|2022|7577|
|thereafter|9873|
|total minimum future lease payments|$ 51004|
rent expense for all operating leases amounted to $ 9.4 million , $ 8.1 million and $ 5.4 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . financing obligation 2014build-to-suit lease in august 2012 , we executed a lease for a building then under construction in santa clara , california to serve as our headquarters . the lease term is 120 months and commenced in august 2013 . based on the terms of the lease agreement and due to our involvement in certain aspects of the construction , we were deemed the owner of the building ( for accounting purposes only ) during the construction period . upon completion of construction in 2013 , we concluded that we had forms of continued economic involvement in the facility , and therefore did not meet with the provisions for sale-leaseback accounting . we continue to maintain involvement in the property post construction and lack transferability of the risks and rewards of ownership , due to our required maintenance of a $ 4.0 million letter of credit , in addition to our ability and option to sublease our portion of the leased building for fees substantially higher than our base rate . therefore , the lease is accounted for as a financing obligation and lease payments will be attributed to ( 1 ) a reduction of the principal financing obligation ; ( 2 ) imputed interest expense ; and ( 3 ) land lease expense , representing an imputed cost to lease the underlying land of the building . at the conclusion of the initial lease term , we will de-recognize both the net book values of the asset and the remaining financing obligation . as of december 31 , 2017 and 2016 , we have recorded assets of $ 53.4 million , representing the total costs of the building and improvements incurred , including the costs paid by the lessor ( the legal owner of the building ) and additional improvement costs paid by us , and a corresponding financing obligation of $ 39.6 million and $ 41.2 million , respectively . as of december 31 , 2017 , $ 1.9 million and $ 37.7 million were recorded as short-term and long-term financing obligations , respectively . land lease expense under our lease financing obligation amounted to $ 1.3 million for each of the years ended december 31 , 2017 , 2016 and 2015 respectively. .
Question: what are the total financial obligations as of december 31 , 2107?
Answer:
|
39.6
|
what are the total financial obligations as of december 31 , 2107?
|
{
"options": {
"A": "37.7",
"B": "39.6",
"C": "41.2",
"D": "53.4"
},
"goldenKey": "B"
}
|
{
"A": "37.7",
"B": "39.6",
"C": "41.2",
"D": "53.4"
}
|
B
|
finqa443
|
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 ) in may 2014 , the fasb issued an update to the accounting guidance on revenue recognition . the new guidance provides a comprehensive , principles-based approach to revenue recognition , and supersedes most previous revenue recognition guidance . the core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services . the guidance also requires improved disclosures on the nature , amount , timing , and uncertainty of revenue that is recognized . in august 2015 , the fasb issued an update to the guidance to defer the effective date by one year , such that the new standard will be effective for annual reporting periods beginning after december 15 , 2017 and 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 assessing all of the potential impacts of the revenue recognition guidance and has not yet selected an adoption method . the company will adopt the new guidance effective january 1 , although the company has not yet completed its assessment of the new revenue recognition guidance , the company 2019s analysis of contracts related to the sale of its heart valve therapy products under the new revenue recognition guidance supports the recognition of revenue at a point-in-time , which is consistent with its current revenue recognition model . heart valve therapy sales accounted for approximately 80% ( 80 % ) of the company 2019s sales for the year ended december 31 , 2016 . the company is currently assessing the potential impact of the guidance on contracts related to the sale of its critical care products , specifically sales outside of the united states . 3 . intellectual property litigation expenses ( income ) , net in may 2014 , the company entered into an agreement with medtronic , inc . and its affiliates ( 2018 2018medtronic 2019 2019 ) to settle all outstanding patent litigation between the companies , including all cases related to transcatheter heart valves . pursuant to the agreement , all pending cases or appeals in courts and patent offices worldwide have been dismissed , and the parties will not litigate patent disputes with each other in the field of transcatheter valves for the eight-year term of the agreement . under the terms of a patent cross-license that is part of the agreement , medtronic made a one-time , upfront payment to the company for past damages in the amount of $ 750.0 million . in addition , medtronic will pay the company quarterly license royalty payments through april 2022 . for sales in the united states , subject to certain conditions , the royalty payments will be based on a percentage of medtronic 2019s sales of transcatheter aortic valves , with a minimum annual payment of $ 40.0 million and a maximum annual payment of $ 60.0 million . a separate royalty payment will be calculated based on sales of medtronic transcatheter aortic valves manufactured in the united states but sold elsewhere . the company accounted for the settlement agreement as a multiple-element arrangement and allocated the total consideration to the identifiable elements based upon their relative fair value . the consideration assigned to each element was as follows ( in millions ) : .
|past damages|$ 754.3|
|license agreement|238.0|
|covenant not to sue|77.7|
|total|$ 1070.0|
.
Question: what percentage of the settlement was due to license agreements?
Answer:
|
0.22243
|
what percentage of the settlement was due to license agreements?
|
{
"options": {
"A": "0.0708",
"B": "0.22243",
"C": "0.238",
"D": "0.7543"
},
"goldenKey": "B"
}
|
{
"A": "0.0708",
"B": "0.22243",
"C": "0.238",
"D": "0.7543"
}
|
B
|
finqa445
|
Please answer the given financial question based on the context.
Context: table of contents research and development expense ( 201cr&d 201d ) r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 . this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities . also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard . although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in 2010 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to make further investments in r&d to remain competitive . r&d expense increased 20% ( 20 % ) or $ 224 million to $ 1.3 billion in 2009 compared to 2008 . this increase was due primarily to an increase in headcount in 2009 to support expanded r&d activities and higher stock-based compensation expenses . additionally , $ 71 million of software development costs were capitalized related to mac os x snow leopard and excluded from r&d expense during 2009 , compared to $ 11 million of software development costs capitalized during 2008 . although total r&d expense increased 20% ( 20 % ) during 2009 , it remained relatively flat as a percentage of net sales given the 14% ( 14 % ) increase in revenue in 2009 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 . this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased stock-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . sg&a expenses increased $ 388 million or 10% ( 10 % ) to $ 4.1 billion in 2009 compared to 2008 . this increase was due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , higher stock-based compensation expense and higher spending on marketing and advertising . other income and expense other income and expense for the three years ended september 25 , 2010 , are as follows ( in millions ) : total other income and expense decreased $ 171 million or 52% ( 52 % ) to $ 155 million during 2010 compared to $ 326 million and $ 620 million in 2009 and 2008 , respectively . the overall decrease in other income and expense is attributable to the significant declines in interest rates on a year- over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.75% ( 0.75 % ) , 1.43% ( 1.43 % ) and 3.44% ( 3.44 % ) during 2010 , 2009 and 2008 , respectively . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . during 2010 , 2009 and 2008 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 24% ( 24 % ) , 32% ( 32 % ) and 32% ( 32 % ) for 2010 , 2009 and 2008 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of 35% ( 35 % ) due .
||2010|2009|2008|
|interest income|$ 311|$ 407|$ 653|
|other income ( expense ) net|-156 ( 156 )|-81 ( 81 )|-33 ( 33 )|
|total other income and expense|$ 155|$ 326|$ 620|
.
Question: what was the average effective tax rates for 2010 , 2009 and 2008?
Answer:
|
29.33333
|
what was the average effective tax rates for 2010 , 2009 and 2008?
|
{
"options": {
"A": "24%",
"B": "32%",
"C": "35%",
"D": "29.33333%"
},
"goldenKey": "D"
}
|
{
"A": "24%",
"B": "32%",
"C": "35%",
"D": "29.33333%"
}
|
D
|
finqa446
|
Please answer the given financial question based on the context.
Context: a valuation allowance has been established for certain deferred tax assets related to the impairment of investments . accounting for uncertainty in income taxes during fiscal 2011 and 2010 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : beginning balance gross increases in unrecognized tax benefits 2013 prior year tax positions gross decreases in unrecognized tax benefits 2013 prior year tax positions gross increases in unrecognized tax benefits 2013 current year tax positions settlements with taxing authorities lapse of statute of limitations foreign exchange gains and losses ending balance $ 156925 11901 ( 4154 ) 32420 ( 29101 ) ( 3825 ) $ 163607 $ 218040 ( 7104 ) 15108 ( 70484 ) ( 7896 ) $ 156925 as of december 2 , 2011 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.3 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are the u.s. , ireland and california . for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examination . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed . our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable . we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution . the $ 17 million balance in short-term income taxes payable is partially secured by a letter of credit and is expected to be paid by the first quarter of fiscal 2012 . in october 2010 , a u.s . income tax examination covering our fiscal years 2005 through 2007 was completed . our accrued tax and interest related to these years was $ 59 million and was previously reported in long-term income taxes payable . we paid $ 20 million in conjunction with the aforementioned resolution . a net income statement tax benefit in the fourth quarter of fiscal 2010 of $ 39 million resulted . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . the company believes that before the end of fiscal 2012 , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 40 million . these amounts would decrease income tax expense under current gaap related to income taxes . note 11 . restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , in order to better align our resources around our digital media and digital marketing strategies , we initiated a restructuring plan consisting of reductions of approximately 700 full-time positions worldwide and we recorded restructuring charges of approximately $ 78.6 million related to ongoing termination benefits for the position eliminated . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
||2011|2010|
|beginning balance|$ 156925|$ 218040|
|gross increases in unrecognized tax benefits 2013 prior year tax positions|11901|9580|
|gross decreases in unrecognized tax benefits 2013 prior year tax positions|-4154 ( 4154 )|-7104 ( 7104 )|
|gross increases in unrecognized tax benefits 2013 current year tax positions|32420|15108|
|settlements with taxing authorities|-29101 ( 29101 )|-70484 ( 70484 )|
|lapse of statute of limitations|-3825 ( 3825 )|-7896 ( 7896 )|
|foreign exchange gains and losses|-559 ( 559 )|-319 ( 319 )|
|ending balance|$ 163607|$ 156925|
a valuation allowance has been established for certain deferred tax assets related to the impairment of investments . accounting for uncertainty in income taxes during fiscal 2011 and 2010 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : beginning balance gross increases in unrecognized tax benefits 2013 prior year tax positions gross decreases in unrecognized tax benefits 2013 prior year tax positions gross increases in unrecognized tax benefits 2013 current year tax positions settlements with taxing authorities lapse of statute of limitations foreign exchange gains and losses ending balance $ 156925 11901 ( 4154 ) 32420 ( 29101 ) ( 3825 ) $ 163607 $ 218040 ( 7104 ) 15108 ( 70484 ) ( 7896 ) $ 156925 as of december 2 , 2011 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.3 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are the u.s. , ireland and california . for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examination . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed . our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable . we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution . the $ 17 million balance in short-term income taxes payable is partially secured by a letter of credit and is expected to be paid by the first quarter of fiscal 2012 . in october 2010 , a u.s . income tax examination covering our fiscal years 2005 through 2007 was completed . our accrued tax and interest related to these years was $ 59 million and was previously reported in long-term income taxes payable . we paid $ 20 million in conjunction with the aforementioned resolution . a net income statement tax benefit in the fourth quarter of fiscal 2010 of $ 39 million resulted . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . the company believes that before the end of fiscal 2012 , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 40 million . these amounts would decrease income tax expense under current gaap related to income taxes . note 11 . restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , in order to better align our resources around our digital media and digital marketing strategies , we initiated a restructuring plan consisting of reductions of approximately 700 full-time positions worldwide and we recorded restructuring charges of approximately $ 78.6 million related to ongoing termination benefits for the position eliminated . table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
Question: what is the growth rate in the balance of unrecognized tax benefits during 2011?
Answer:
|
0.04258
|
what is the growth rate in the balance of unrecognized tax benefits during 2011?
|
{
"options": {
"A": "0.04258",
"B": "0.07258",
"C": "0.01258",
"D": "0.03258"
},
"goldenKey": "A"
}
|
{
"A": "0.04258",
"B": "0.07258",
"C": "0.01258",
"D": "0.03258"
}
|
A
|
finqa447
|
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 114 jpmorgan chase & co./2017 annual report derivative contracts in the normal course of business , the firm uses derivative instruments predominantly for market-making activities . derivatives enable counterparties to manage exposures to fluctuations in interest rates , currencies and other markets . the firm also uses derivative instruments to manage its own credit and other market risk exposure . the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed . for otc derivatives the firm is exposed to the credit risk of the derivative counterparty . for exchange- traded derivatives ( 201cetd 201d ) , such as futures and options , and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp . where possible , the firm seeks to mitigate its credit risk exposures arising from derivative transactions through the use of legally enforceable master netting arrangements and collateral agreements . for further discussion of derivative contracts , counterparties and settlement types , see note 5 . the following table summarizes the net derivative receivables for the periods presented . derivative receivables .
|december 31 ( in millions )|2017|2016|
|interest rate|$ 24673|$ 28302|
|credit derivatives|869|1294|
|foreign exchange|16151|23271|
|equity|7882|4939|
|commodity|6948|6272|
|total net of cash collateral|56523|64078|
|liquid securities and other cash collateral held against derivative receivables ( a )|-16108 ( 16108 )|-22705 ( 22705 )|
|total net of all collateral|$ 40415|$ 41373|
( a ) includes collateral related to derivative instruments where an appropriate legal opinion has not been either sought or obtained . derivative receivables reported on the consolidated balance sheets were $ 56.5 billion and $ 64.1 billion at december 31 , 2017 and 2016 , respectively . derivative receivables decreased predominantly as a result of client- driven market-making activities in cib markets , which reduced foreign exchange and interest rate derivative receivables , and increased equity derivative receivables , driven by market movements . derivative receivables amounts represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm . however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s . government and agency securities and other group of seven nations ( 201cg7 201d ) government bonds ) and other cash collateral held by the firm aggregating $ 16.1 billion and $ 22.7 billion at december 31 , 2017 and 2016 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor . in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date . although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative transactions move in the firm 2019s favor . the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit . for additional information on the firm 2019s use of collateral agreements , see note 5 . while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure . to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) . these measures all incorporate netting and collateral benefits , where applicable . peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction . peak is the primary measure used by the firm for setting of credit limits for derivative transactions , senior management reporting and derivatives exposure management . dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures . dre is a less extreme measure of potential credit loss than peak and is used for aggregating derivative credit risk exposures with loans and other credit risk . finally , avg is a measure of the expected fair value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral . avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit risk capital and the cva , as further described below . the three year avg exposure was $ 29.0 billion and $ 31.1 billion at december 31 , 2017 and 2016 , respectively , compared with derivative receivables , net of all collateral , of $ 40.4 billion and $ 41.4 billion at december 31 , 2017 and 2016 , respectively . the fair value of the firm 2019s derivative receivables incorporates cva to reflect the credit quality of counterparties . cva is based on the firm 2019s avg to a counterparty and the counterparty 2019s credit spread in the credit derivatives market . the firm believes that active risk management is essential to controlling the dynamic credit risk in the derivatives portfolio . in addition , the firm 2019s risk management process takes into consideration the potential .
Question: what was the percent of avg exposure on the 2017 derivative receivables?
Answer:
|
0.71782
|
what was the percent of avg exposure on the 2017 derivative receivables?
|
{
"options": {
"A": "0.71782%",
"B": "0.071782%",
"C": "71.782%",
"D": "7.1782%"
},
"goldenKey": "A"
}
|
{
"A": "0.71782%",
"B": "0.071782%",
"C": "71.782%",
"D": "7.1782%"
}
|
A
|
finqa448
|
Please answer the given financial question based on the context.
Context: the following details the impairment charge resulting from our review ( in thousands ) : .
||year ended may 31 2009|
|goodwill|$ 136800|
|trademark|10000|
|other long-lived assets|864|
|total|$ 147664|
net income attributable to noncontrolling interests , net of tax noncontrolling interest , net of tax increased $ 28.9 million from $ 8.1 million fiscal 2008 . the increase was primarily related to our acquisition of a 51% ( 51 % ) majority interest in hsbc merchant services , llp on june 30 , net income attributable to global payments and diluted earnings per share during fiscal 2009 we reported net income of $ 37.2 million ( $ 0.46 diluted earnings per share ) . liquidity and capital resources a significant portion of our liquidity comes from operating cash flows , which are generally sufficient to fund operations , planned capital expenditures , debt service and various strategic investments in our business . cash flow from operations is used to make planned capital investments in our business , to pursue acquisitions that meet our corporate objectives , to pay dividends , and to pay off debt and repurchase our shares at the discretion of our board of directors . accumulated cash balances are invested in high-quality and marketable short term instruments . our capital plan objectives are to support the company 2019s operational needs and strategic plan for long term growth while maintaining a low cost of capital . lines of credit are used in certain of our markets to fund settlement and as a source of working capital and , along with other bank financing , to fund acquisitions . we regularly evaluate our liquidity and capital position relative to cash requirements , and we may elect to raise additional funds in the future , either through the issuance of debt , equity or otherwise . at may 31 , 2010 , we had cash and cash equivalents totaling $ 769.9 million . of this amount , we consider $ 268.1 million to be available cash , which generally excludes settlement related and merchant reserve cash balances . settlement related cash balances represent surplus funds that we hold on behalf of our member sponsors when the incoming amount from the card networks precedes the member sponsors 2019 funding obligation to the merchant . merchant reserve cash balances represent funds collected from our merchants that serve as collateral ( 201cmerchant reserves 201d ) to minimize contingent liabilities associated with any losses that may occur under the merchant agreement . at may 31 , 2010 , our cash and cash equivalents included $ 199.4 million related to merchant reserves . while this cash is not restricted in its use , we believe that designating this cash to collateralize merchant reserves strengthens our fiduciary standing with our member sponsors and is in accordance with the guidelines set by the card networks . see cash and cash equivalents and settlement processing assets and obligations under note 1 in the notes to the consolidated financial statements for additional details . net cash provided by operating activities increased $ 82.8 million to $ 465.8 million for fiscal 2010 from the prior year . income from continuing operations increased $ 16.0 million and we had cash provided by changes in working capital of $ 60.2 million . the working capital change was primarily due to the change in net settlement processing assets and obligations of $ 80.3 million and the change in accounts receivable of $ 13.4 million , partially offset by the change .
Question: what was the percentage that net income attributable to noncontrolling interests , net of tax noncontrolling interest , net of tax increased from 2008 to 2009?
Answer:
|
2.5679
|
what was the percentage that net income attributable to noncontrolling interests , net of tax noncontrolling interest , net of tax increased from 2008 to 2009?
|
{
"options": {
"A": "0.5679%",
"B": "1.5679%",
"C": "2.5679%",
"D": "3.5679%"
},
"goldenKey": "C"
}
|
{
"A": "0.5679%",
"B": "1.5679%",
"C": "2.5679%",
"D": "3.5679%"
}
|
C
|
finqa449
|
Please answer the given financial question based on the context.
Context: entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 242.5 million primarily due to a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts , which resulted in a $ 422 million income tax benefit . the net income effect was partially offset by a $ 199 million regulatory charge , which reduced net revenue , because a portion of the benefit will be shared with customers . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . 2010 compared to 2009 net income decreased slightly by $ 1.4 million primarily due to higher other operation and maintenance expenses , a higher effective income tax rate , and higher interest expense , almost entirely offset by higher net revenue . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) .
||amount ( in millions )|
|2010 net revenue|$ 1043.7|
|mark-to-market tax settlement sharing|-195.9 ( 195.9 )|
|retail electric price|32.5|
|volume/weather|11.6|
|other|-5.7 ( 5.7 )|
|2011 net revenue|$ 886.2|
the mark-to-market tax settlement sharing variance results from a regulatory charge because a portion of the benefits of a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts will be shared with customers , slightly offset by the amortization of a portion of that charge beginning in october 2011 . see notes 3 and 8 to the financial statements for additional discussion of the settlement and benefit sharing . the retail electric price variance is primarily due to a formula rate plan increase effective may 2011 . see note 2 to the financial statements for discussion of the formula rate plan increase. .
Question: what is change in percentage points in net income margin in 2011?
Answer:
|
0.27364
|
what is change in percentage points in net income margin in 2011?
|
{
"options": {
"A": "0.27364",
"B": "0.02736",
"C": "0.002736",
"D": "0.0002736"
},
"goldenKey": "A"
}
|
{
"A": "0.27364",
"B": "0.02736",
"C": "0.002736",
"D": "0.0002736"
}
|
A
|
finqa450
|
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2018 form 10-k 117 lending-related commitments the firm uses lending-related financial instruments , such as commitments ( including revolving credit facilities ) and guarantees , to address the financing needs of its clients . the contractual amounts of these financial instruments represent the maximum possible credit risk should the clients draw down on these commitments or the firm fulfill its obligations under these guarantees , and the clients subsequently fail to perform according to the terms of these contracts . most of these commitments and guarantees are refinanced , extended , cancelled , or expire without being drawn upon or a default occurring . in the firm 2019s view , the total contractual amount of these wholesale lending-related commitments is not representative of the firm 2019s expected future credit exposure or funding requirements . for further information on wholesale lending-related commitments , refer to note 27 . clearing services the firm provides clearing services for clients entering into certain securities and derivative contracts . through the provision of these services the firm is exposed to the risk of non-performance by its clients and may be required to share in losses incurred by ccps . where possible , the firm seeks to mitigate its credit risk to its clients through the collection of adequate margin at inception and throughout the life of the transactions and can also cease provision of clearing services if clients do not adhere to their obligations under the clearing agreement . for further discussion of clearing services , refer to note 27 . derivative contracts derivatives enable clients and counterparties to manage risks including credit risk and risks arising from fluctuations in interest rates , foreign exchange , equities , and commodities . the firm makes markets in derivatives in order to meet these needs and uses derivatives to manage certain risks associated with net open risk positions from its market-making activities , including the counterparty credit risk arising from derivative receivables . the firm also uses derivative instruments to manage its own credit and other market risk exposure . the nature of the counterparty and the settlement mechanism of the derivative affect the credit risk to which the firm is exposed . for otc derivatives the firm is exposed to the credit risk of the derivative counterparty . for exchange-traded derivatives ( 201cetd 201d ) , such as futures and options , and 201ccleared 201d over-the-counter ( 201cotc-cleared 201d ) derivatives , the firm is generally exposed to the credit risk of the relevant ccp . where possible , the firm seeks to mitigate its credit risk exposures arising from derivative contracts through the use of legally enforceable master netting arrangements and collateral agreements . for a further discussion of derivative contracts , counterparties and settlement types , refer to note 5 . the following table summarizes the net derivative receivables for the periods presented . derivative receivables .
|december 31 ( in millions )|2018|2017|
|total net of cash collateral|$ 54213|$ 56523|
|liquid securities and other cash collateral held against derivative receivables ( a )|-15322 ( 15322 )|-16108 ( 16108 )|
|total net of all collateral|$ 38891|$ 40415|
( a ) includes collateral related to derivative instruments where appropriate legal opinions have not been either sought or obtained with respect to master netting agreements . the fair value of derivative receivables reported on the consolidated balance sheets were $ 54.2 billion and $ 56.5 billion at december 31 , 2018 and 2017 , respectively . derivative receivables represent the fair value of the derivative contracts after giving effect to legally enforceable master netting agreements and cash collateral held by the firm . however , in management 2019s view , the appropriate measure of current credit risk should also take into consideration additional liquid securities ( primarily u.s . government and agency securities and other group of seven nations ( 201cg7 201d ) government securities ) and other cash collateral held by the firm aggregating $ 15.3 billion and $ 16.1 billion at december 31 , 2018 and 2017 , respectively , that may be used as security when the fair value of the client 2019s exposure is in the firm 2019s favor . in addition to the collateral described in the preceding paragraph , the firm also holds additional collateral ( primarily cash , g7 government securities , other liquid government-agency and guaranteed securities , and corporate debt and equity securities ) delivered by clients at the initiation of transactions , as well as collateral related to contracts that have a non-daily call frequency and collateral that the firm has agreed to return but has not yet settled as of the reporting date . although this collateral does not reduce the balances and is not included in the table above , it is available as security against potential exposure that could arise should the fair value of the client 2019s derivative contracts move in the firm 2019s favor . the derivative receivables fair value , net of all collateral , also does not include other credit enhancements , such as letters of credit . for additional information on the firm 2019s use of collateral agreements , refer to note 5 . while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure . to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) . these measures all incorporate netting and collateral benefits , where applicable . peak represents a conservative measure of potential exposure to a counterparty calculated in a manner that is broadly equivalent to a 97.5% ( 97.5 % ) confidence level over the life of the transaction . peak is the primary measure used by the firm for setting of credit limits for derivative contracts , senior management reporting and derivatives exposure management . dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be .
Question: did the fv of derivative receivables increase from 2017 to 2018?
Answer:
|
yes
|
did the fv of derivative receivables increase from 2017 to 2018?
|
{
"options": {
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
},
"goldenKey": "A"
}
|
{
"A": "Yes",
"B": "No",
"C": "Cannot be determined",
"D": "Not mentioned in the context"
}
|
A
|
finqa451
|
Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements ( f ) this sale-leaseback financing arrangement relates to a lease of a slab caster at united states steel 2019s fairfield works facility in alabama . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 , subject to additional extensions . ( g ) this obligation relates to a lease of equipment at united states steel 2019s clairton works cokemaking facility in pennsylvania . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 . ( h ) marathon oil canada corporation had an 805 million canadian dollar revolving term credit facility which was secured by substantially all of marathon oil canada corporation 2019s assets and included certain financial covenants , including leverage and interest coverage ratios . in february 2008 , the outstanding balance was repaid and the facility was terminated . ( i ) these notes are senior secured notes of marathon oil canada corporation . the notes were secured by substantially all of marathon oil canada corporation 2019s assets . in january 2008 , we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes . ( j ) these obligations as of december 31 , 2008 include $ 126 million related to assets under construction at that date for which capital leases or sale-leaseback financings will commence upon completion of construction . the amounts currently reported are based upon the percent of construction completed as of december 31 , 2008 and therefore do not reflect future minimum lease obligations of $ 209 million . ( k ) payments of long-term debt for the years 2009 2013 2013 are $ 99 million , $ 98 million , $ 257 million , $ 1487 million and $ 279 million . of these amounts , payments assumed by united states steel are $ 15 million , $ 17 million , $ 161 million , $ 19 million and zero . ( l ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 669 million at december 31 , 2008 , may be declared immediately due and payable . ( m ) see note 17 for information on interest rate swaps . on february 17 , 2009 , we issued $ 700 million aggregate principal amount of senior notes bearing interest at 6.5 percent with a maturity date of february 15 , 2014 and $ 800 million aggregate principal amount of senior notes bearing interest at 7.5 percent with a maturity date of february 15 , 2019 . interest on both issues is payable semi- annually beginning august 15 , 2009 . 21 . asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2008 2007 .
|( in millions )|2008|2007|
|asset retirement obligations as of january 1|$ 1134|$ 1044|
|liabilities incurred including acquisitions|30|60|
|liabilities settled|-94 ( 94 )|-10 ( 10 )|
|accretion expense ( included in depreciation depletion and amortization )|66|61|
|revisions to previous estimates|24|-17 ( 17 )|
|held for sale ( a )|-195 ( 195 )|2013|
|deconsolidation of egholdings|2013|-4 ( 4 )|
|asset retirement obligations as of december 31 ( b )|$ 965|$ 1134|
asset retirement obligations as of december 31 ( b ) $ 965 $ 1134 ( a ) see note 7 for information related to our assets held for sale . ( b ) includes asset retirement obligation of $ 2 and $ 3 million classified as short-term at december 31 , 2008 , and 2007. .
Question: by how much did asset retirement obligations increase from 2006 to 2007?
Answer:
|
0.08621
|
by how much did asset retirement obligations increase from 2006 to 2007?
|
{
"options": {
"A": "0.08621",
"B": "0.08622",
"C": "0.08623",
"D": "0.08624"
},
"goldenKey": "A"
}
|
{
"A": "0.08621",
"B": "0.08622",
"C": "0.08623",
"D": "0.08624"
}
|
A
|
finqa452
|
Please answer the given financial question based on the context.
Context: the table below summarizes activity of rsus with performance conditions for the year ended december 31 , shares ( in thousands ) weighted average grant date fair value ( per share ) .
||shares ( in thousands )|weightedaverage grantdate fair value ( per share )|
|non-vested total as of december 31 2016|309|$ 55.94|
|granted|186|63.10|
|vested|-204 ( 204 )|46.10|
|forfeited|-10 ( 10 )|70.50|
|non-vested total as of december 31 2017|281|$ 67.33|
as of december 31 , 2017 , $ 6 million of total unrecognized compensation cost related to the nonvested rsus , with and without performance conditions , is expected to be recognized over the weighted-average remaining life of 1.5 years . the total fair value of rsus , with and without performance conditions , vested was $ 16 million , $ 14 million and $ 12 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . if dividends are paid with respect to shares of the company 2019s common stock before the rsus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus were shares of company common stock . when the rsus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued . the company accrued dividend equivalents totaling less than $ 1 million , $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in stockholders 2019 equity for the years ended december 31 , 2017 , 2016 and 2015 , respectively . employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three-month purchase period . on february 15 , 2017 , the board adopted the american water works company , inc . and its designated subsidiaries 2017 nonqualified employee stock purchase plan , which was approved by stockholders on may 12 , 2017 and took effect on august 5 , 2017 . the prior plan was terminated as to new purchases of company stock effective august 31 , 2017 . as of december 31 , 2017 , there were 2.0 million shares of common stock reserved for issuance under the espp . the espp is considered compensatory . during the years ended december 31 , 2017 , 2016 and 2015 , the company issued 93 thousand , 93 thousand and 98 thousand shares , respectively , under the espp. .
Question: on december 31 , 2017 what is the estimated unrecognized compensation cost related to the non vested rsus , with and without performance conditions , is expected to be recognized as of december 31 , 2018 in millions
Answer:
|
4.0
|
on december 31 , 2017 what is the estimated unrecognized compensation cost related to the non vested rsus , with and without performance conditions , is expected to be recognized as of december 31 , 2018 in millions
|
{
"options": {
"A": "1.0",
"B": "2.0",
"C": "3.0",
"D": "4.0"
},
"goldenKey": "D"
}
|
{
"A": "1.0",
"B": "2.0",
"C": "3.0",
"D": "4.0"
}
|
D
|
finqa453
|
Please answer the given financial question based on the context.
Context: korea engineering plastics co. , ltd . founded in 1987 , kepco is the leading producer of pom in south korea . kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc . ( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) . kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc . in a world-scale pom facility in nantong , china . polyplastics co. , ltd . polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) . established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china . fortron industries llc . fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . established in 1992 , fortron is a limited liability company whose members are ticona fortron inc . ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd . of japan ) . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha . china acetate strategic ventures . we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china . these include the nantong cellulose fibers co . ltd. , kunming cellulose fibers co . ltd . and zhuhai cellulose fibers co . ltd . the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures . with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook . combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers . in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 . since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends . our chinese acetate ventures fund their operations using operating cash flow . during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 . in 2010 , we made contributions of $ 12 million . our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year . in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively . although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants . the table below represents our equity investments in infraserv ventures as of december 31 , 2011: .
||ownership % ( % )|
|infraserv gmbh & co . gendorf kg|39|
|infraserv gmbh & co . knapsack kg|27|
|infraserv gmbh & co . hoechst kg|32|
.
Question: what was the percentage growth in the cash dividends from 2010 to 2011
Answer:
|
0.09859
|
what was the percentage growth in the cash dividends from 2010 to 2011
|
{
"options": {
"A": "0.09859",
"B": "0.078",
"C": "0.071",
"D": "0.056"
},
"goldenKey": "A"
}
|
{
"A": "0.09859",
"B": "0.078",
"C": "0.071",
"D": "0.056"
}
|
A
|
finqa455
|
Please answer the given financial question based on the context.
Context: based on the foregoing evaluation of management performance , the personnel committee approved the following annual incentive plan payouts to each named executive officer for 2017 : named executive officer base salary target as percentage of base salary payout as percentage of target 2017 annual incentive award .
|named executive officer|base salary|target as percentage of base salary|payout as percentage of target|2017 annualincentive award|
|a . christopher bakken iii|$ 620125|70% ( 70 % )|129% ( 129 % )|$ 559973|
|marcus v . brown|$ 630000|70% ( 70 % )|129% ( 129 % )|$ 568890|
|leo p . denault|$ 1230000|135% ( 135 % )|129% ( 129 % )|$ 2142045|
|haley r . fisackerly|$ 355300|40% ( 40 % )|119% ( 119 % )|$ 169123|
|andrew s . marsh|$ 600000|70% ( 70 % )|129% ( 129 % )|$ 541800|
|phillip r . may jr .|$ 366150|60% ( 60 % )|137% ( 137 % )|$ 300000|
|sallie t . rainer|$ 328275|40% ( 40 % )|119% ( 119 % )|$ 156259|
|charles l . rice jr .|$ 286424|40% ( 40 % )|79% ( 79 % )|$ 91000|
|richard c . riley|$ 344200|40% ( 40 % )|204% ( 204 % )|$ 280661|
|roderick k . west|$ 675598|70% ( 70 % )|129% ( 129 % )|$ 610065|
nuclear retention plan mr . a0bakken participates in the nuclear retention plan , a retention plan for officers and other leaders with expertise in the nuclear industry . the personnel committee authorized this plan to attract and retain key management and employee talent in the nuclear power field , a field that requires unique technical and other expertise that is in great demand in the utility industry . the plan provides for bonuses to be paid annually over a three-year employment period with the bonus opportunity dependent on the participant 2019s management level and continued employment . each annual payment is equal to an amount ranging from 15% ( 15 % ) to 30% ( 30 % ) of the employee 2019s base salary as of their date of enrollment in the plan . mr . a0bakken 2019s participation in the plan commenced in may 2016 and in accordance with the terms and conditions of the plan , in may 2017 , 2018 , and 2019 , subject to his continued employment , mr . a0bakken will receive a cash bonus equal to 30% ( 30 % ) of his base salary as of may a01 , 2016 . this plan does not allow for accelerated or prorated payout upon termination of any kind . the three-year coverage period and percentage of base salary payable under the plan are consistent with the terms of participation of other senior nuclear officers who participate in this plan . in may 2017 , mr . bakken received a cash bonus of $ 181500 which equaled 30% ( 30 % ) of his may a01 , 2016 , base salary of $ 605000 . long-term incentive compensation entergy corporation 2019s goal for its long-term incentive compensation is to focus the executive officers on building shareholder value and to increase the executive officers 2019 ownership of entergy corporation 2019s common stock in order to more closely align their interest with those of entergy corporation 2019s shareholders . in its long-term incentive compensation programs , entergy corporation uses a mix of performance units , restricted stock , and stock options . performance units are used to deliver more than a majority of the total target long-term incentive awards . for periods through the end of 2017 , performance units reward the named executive officers on the basis of total shareholder return , which is a measure of stock price appreciation and dividend payments , in relation to the companies in the philadelphia utility index . beginning with the 2018-2020 performance period , a cumulative utility earnings metric has been added to the long-term performance unit program to supplement the relative total shareholder return measure that historically has been used in this program with each measure equally weighted . restricted stock ties the executive officers 2019 long-term financial interest to the long-term financial interests of entergy corporation 2019s shareholders . stock options provide a direct incentive to increase the value of entergy corporation 2019s common stock . in general , entergy corporation seeks to allocate the total value of long-term incentive compensation 60% ( 60 % ) to performance units and 40% ( 40 % ) to a combination of stock options and restricted stock , equally divided in value , based on the value the compensation model seeks to deliver . awards for individual named executive officers may vary from this target as a result of individual performance , promotions , and internal pay equity . the performance units for the 2015-2017 performance period were awarded under the 2011 equity ownership plan and long-term cash incentive plan ( the 201c2011 equity ownership plan 201d ) and the performance units for the .
Question: what is the difference between the highest and the second highest base salary?
Answer:
|
554402.0
|
what is the difference between the highest and the second highest base salary?
|
{
"options": {
"A": "554402.0",
"B": "554403.0",
"C": "554404.0",
"D": "554405.0"
},
"goldenKey": "A"
}
|
{
"A": "554402.0",
"B": "554403.0",
"C": "554404.0",
"D": "554405.0"
}
|
A
|
finqa456
|
Please answer the given financial question based on the context.
Context: acquire operations and facilities from municipalities and other local governments , as they increasingly seek to raise capital and reduce risk . we realize synergies from consolidating businesses into our existing operations , whether through acquisitions or public-private partnerships , which allows us to reduce capital expenditures and expenses associated with truck routing , personnel , fleet maintenance , inventories and back-office administration . operating model the goal of our operating model pillar is to deliver a consistent , high-quality service to all of our customers through the republic way : one way . everywhere . every day . this approach of developing standardized processes with rigorous controls and tracking allows us to leverage our scale and deliver durable operational excellence . the republic way is the key to harnessing the best of what we do as operators and translating that across all facets of our business . a key enabler of the republic way is our organizational structure that fosters a high performance culture by maintaining 360-degree accountability and full profit and loss responsibility with local management , supported by a functional structure to provide subject matter expertise . this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics . we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in the most efficient and environmentally sound way . fleet automation approximately 75% ( 75 % ) of our residential routes have been converted to automated single-driver trucks . by converting our residential routes to automated service , we reduce labor costs , improve driver productivity , decrease emissions and create a safer work environment for our employees . additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities . fleet conversion to compressed natural gas ( cng ) approximately 19% ( 19 % ) of our fleet operates on natural gas . we expect to continue our gradual fleet conversion to cng as part of our ordinary annual fleet replacement process . we believe a gradual fleet conversion is the most prudent approach to realizing the full value of our previous fleet investments . approximately 30% ( 30 % ) of our replacement vehicle purchases during 2017 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment . although upfront capital costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses . as of december 31 , 2017 , we operated 37 cng fueling stations . standardized maintenance based on an industry trade publication , we operate the seventh largest vocational fleet in the united states . as of december 31 , 2017 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
||approximate number of vehicles|approximate average age|
|residential|7200|7.5|
|small-container|4600|7.1|
|large-container|4100|8.8|
|total|15900|7.7|
.
Question: what is the ratio of the number of vehicles for residential compared to large-container
Answer:
|
1.7561
|
what is the ratio of the number of vehicles for residential compared to large-container
|
{
"options": {
"A": "1.7561",
"B": "1.8571",
"C": "1.6585",
"D": "1.9487"
},
"goldenKey": "A"
}
|
{
"A": "1.7561",
"B": "1.8571",
"C": "1.6585",
"D": "1.9487"
}
|
A
|
finqa457
|
Please answer the given financial question based on the context.
Context: the following table shows reporting units with goodwill balances as of december 31 , 2010 , and the excess of fair value as a percentage over allocated book value as of the annual impairment test . in millions of dollars reporting unit ( 1 ) fair value as a % ( % ) of allocated book value goodwill .
|reporting unit ( 1 )|fair value as a % ( % ) of allocated book value|goodwill|
|north america regional consumer banking|170% ( 170 % )|$ 2518|
|emea regional consumer banking|168|338|
|asia regional consumer banking|344|6045|
|latin america regional consumer banking|230|1800|
|securities and banking|223|9259|
|transaction services|1716|1567|
|brokerage and asset management|151|65|
|local consumer lending 2014cards|121|4560|
( 1 ) local consumer lending 2014other is excluded from the table as there is no goodwill allocated to it . while no impairment was noted in step one of citigroup 2019s local consumer lending 2014cards reporting unit impairment test at july 1 , 2010 , goodwill present in the reporting unit may be sensitive to further deterioration as the valuation of the reporting unit is particularly dependent upon economic conditions that affect consumer credit risk and behavior . citigroup engaged the services of an independent valuation specialist to assist in the valuation of the reporting unit at july 1 , 2010 , using a combination of the market approach and income approach consistent with the valuation model used in past practice , which considered the impact of the penalty fee provisions associated with the credit card accountability responsibility and disclosure act of 2009 ( card act ) that were implemented during 2010 . under the market approach for valuing this reporting unit , the key assumption is the selected price multiple . the selection of the multiple considers the operating performance and financial condition of the local consumer lending 2014cards operations as compared with those of a group of selected publicly traded guideline companies and a group of selected acquired companies . among other factors , the level and expected growth in return on tangible equity relative to those of the guideline companies and guideline transactions is considered . since the guideline company prices used are on a minority interest basis , the selection of the multiple considers the guideline acquisition prices , which reflect control rights and privileges , in arriving at a multiple that reflects an appropriate control premium . for the local consumer lending 2014cards valuation under the income approach , the assumptions used as the basis for the model include cash flows for the forecasted period , the assumptions embedded in arriving at an estimation of the terminal value and the discount rate . the cash flows for the forecasted period are estimated based on management 2019s most recent projections available as of the testing date , giving consideration to targeted equity capital requirements based on selected public guideline companies for the reporting unit . in arriving at the terminal value for local consumer lending 2014cards , using 2013 as the terminal year , the assumptions used include a long-term growth rate and a price-to-tangible book multiple based on selected public guideline companies for the reporting unit . the discount rate is based on the reporting unit 2019s estimated cost of equity capital computed under the capital asset pricing model . embedded in the key assumptions underlying the valuation model , described above , is the inherent uncertainty regarding the possibility that economic conditions may deteriorate or other events will occur that will impact the business model for local consumer lending 2014cards . while there is inherent uncertainty embedded in the assumptions used in developing management 2019s forecasts , the company utilized a discount rate at july 1 , 2010 that it believes reflects the risk characteristics and uncertainty specific to management 2019s forecasts and assumptions for the local consumer lending 2014cards reporting unit . two primary categories of events exist 2014economic conditions in the u.s . and regulatory actions 2014which , if they were to occur , could negatively affect key assumptions used in the valuation of local consumer lending 2014cards . small deterioration in the assumptions used in the valuations , in particular the discount-rate and growth-rate assumptions used in the net income projections , could significantly affect citigroup 2019s impairment evaluation and , hence , results . if the future were to differ adversely from management 2019s best estimate of key economic assumptions , and associated cash flows were to decrease by a small margin , citi could potentially experience future material impairment charges with respect to $ 4560 million of goodwill remaining in the local consumer lending 2014 cards reporting unit . any such charges , by themselves , would not negatively affect citi 2019s tier 1 and total capital regulatory ratios , tier 1 common ratio , its tangible common equity or citi 2019s liquidity position. .
Question: what was the fair value amount of emea regional consumer banking
Answer:
|
56784.0
|
what was the fair value amount of emea regional consumer banking
|
{
"options": {
"A": "168 million dollars",
"B": "338 million dollars",
"C": "56784.0 million dollars",
"D": "1800 million dollars"
},
"goldenKey": "C"
}
|
{
"A": "168 million dollars",
"B": "338 million dollars",
"C": "56784.0 million dollars",
"D": "1800 million dollars"
}
|
C
|
finqa458
|
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 were average operating profit for space systems in millions between 2014 and 2016?
Answer:
|
1215.66667
|
what were average operating profit for space systems in millions between 2014 and 2016?
|
{
"options": {
"A": "1187",
"B": "1171",
"C": "1215.66667",
"D": "1289"
},
"goldenKey": "C"
}
|
{
"A": "1187",
"B": "1171",
"C": "1215.66667",
"D": "1289"
}
|
C
|
finqa460
|
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) operations , net , in the accompanying consolidated statements of operations for the year ended december 31 , 2003 . ( see note 9. ) other transactions 2014in august 2003 , the company consummated the sale of galaxy engineering ( galaxy ) , a radio frequency engineering , network design and tower-related consulting business ( previously included in the company 2019s network development services segment ) . the purchase price of approximately $ 3.5 million included $ 2.0 million in cash , which the company received at closing , and an additional $ 1.5 million payable on january 15 , 2008 , or at an earlier date based on the future revenues of galaxy . the company received $ 0.5 million of this amount in january 2005 . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 2.4 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in may 2003 , the company consummated the sale of an office building in westwood , massachusetts ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for a purchase price of approximately $ 18.5 million , including $ 2.4 million of cash proceeds and the buyer 2019s assumption of $ 16.1 million of related mortgage notes . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 3.6 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in january 2003 , the company consummated the sale of flash technologies , its remaining components business ( previously included in the company 2019s network development services segment ) for approximately $ 35.5 million in cash and has recorded a net gain on disposal of approximately $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in march 2003 , the company consummated the sale of an office building in schaumburg , illinois ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for net proceeds of approximately $ 10.3 million in cash and recorded a net loss on disposal of $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . 4 . property and equipment property and equipment ( including assets held under capital leases ) consist of the following as of december 31 , ( in thousands ) : .
||2005|2004|
|towers|$ 4134155|$ 2788162|
|equipment|167504|115244|
|buildings and improvements|184951|162120|
|land and improvements|215974|176937|
|construction-in-progress|36991|27866|
|total|4739575|3270329|
|less accumulated depreciation and amortization|-1279049 ( 1279049 )|-996973 ( 996973 )|
|property and equipment net|$ 3460526|$ 2273356|
5 . goodwill and other intangible assets the company 2019s net carrying amount of goodwill was approximately $ 2.1 billion as of december 312005 and $ 592.7 million as of december 31 , 2004 , all of which related to its rental and management segment . the increase in the carrying value was as a result of the goodwill of $ 1.5 billion acquired in the merger with spectrasite , inc . ( see note 2. ) .
Question: what is the the total depreciation and amortization expense in 2005?
Answer:
|
282076.0
|
what is the the total depreciation and amortization expense in 2005?
|
{
"options": {
"A": "1279049",
"B": "996973",
"C": "282076",
"D": "3460526"
},
"goldenKey": "C"
}
|
{
"A": "1279049",
"B": "996973",
"C": "282076",
"D": "3460526"
}
|
C
|
finqa461
|
Please answer the given financial question based on the context.
Context: put options we currently have outstanding put option agreements with other shareholders of our air products san fu company , ltd . and indura s.a . subsidiaries . the put options give the shareholders the right to sell stock in the subsidiaries based on pricing terms in the agreements . refer to note 17 , commitments and contingencies , to the consolidated financial statements for additional information . due to the uncertainty of whether these options would be exercised and the related timing , we excluded the potential payments from the contractual obligations table . pension benefits we sponsor defined benefit pension plans that cover a substantial portion of our worldwide employees . the principal defined benefit pension plans 2014the u.s . salaried pension plan and the u.k . pension plan 2014were closed to new participants in 2005 and were replaced with defined contribution plans . over the long run , the shift to defined contribution plans is expected to reduce volatility of both plan expense and contributions . for 2013 , the fair market value of pension plan assets for our defined benefit plans as of the measurement date increased to $ 3800.8 from $ 3239.1 in 2012 . the projected benefit obligation for these plans as of the measurement date was $ 4394.0 and $ 4486.5 in 2013 and 2012 , respectively . refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits . pension expense .
||2013|2012|2011|
|pension expense|$ 169.7|$ 120.4|$ 114.1|
|special terminations settlements and curtailments ( included above )|19.8|8.2|1.3|
|weighted average discount rate|4.0% ( 4.0 % )|5.0% ( 5.0 % )|5.0% ( 5.0 % )|
|weighted average expected rate of return on plan assets|7.7% ( 7.7 % )|8.0% ( 8.0 % )|8.0% ( 8.0 % )|
|weighted average expected rate of compensation increase|3.8% ( 3.8 % )|3.9% ( 3.9 % )|4.0% ( 4.0 % )|
2013 vs . 2012 the increase in pension expense , excluding special items , was primarily attributable to the 100 bp decrease in weighted average discount rate , resulting in higher amortization of actuarial losses . the increase was partially offset by a higher expected return on plan assets and contributions in 2013 . special items of $ 19.8 primarily included $ 12.4 for pension settlement losses and $ 6.9 for special termination benefits relating to the 2013 business restructuring and cost reduction plan . 2012 vs . 2011 pension expense in 2012 , excluding special items , was comparable to 2011 expense as a result of no change in the weighted average discount rate from year to year . 2014 outlook pension expense is estimated to be approximately $ 140 to $ 145 , excluding special items , in 2014 , a decrease of $ 5 to $ 10 from 2013 , resulting primarily from an increase in discount rates , partially offset by unfavorable impacts associated with changes in mortality and inflation assumptions . pension settlement losses of $ 10 to $ 25 are expected , dependent on the timing of retirements . in 2014 , pension expense will include approximately $ 118 for amortization of actuarial losses compared to $ 143 in 2013 . net actuarial gains of $ 370.4 were recognized in 2013 , resulting primarily from an approximately 65 bp increase in the weighted average discount rate as well as actual asset returns above expected returns . actuarial gains/losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses . future changes in the discount rate and actual returns on plan assets , different from expected returns , would impact the actuarial gains/losses and resulting amortization in years beyond 2014 . pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans . with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses . in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions . with the assistance of third party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions . during 2013 and 2012 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 300.8 and $ 76.4 , respectively . contributions for 2013 include voluntary contributions for u.s . plans of $ 220.0. .
Question: considering the years 2012-2013 , what is the increase observed in the cash contributions to funded plans and benefit payments for unfunded plans?
Answer:
|
293.71728
|
considering the years 2012-2013 , what is the increase observed in the cash contributions to funded plans and benefit payments for unfunded plans?
|
{
"options": {
"A": "293.71728",
"B": "300.8",
"C": "76.4",
"D": "220.0"
},
"goldenKey": "A"
}
|
{
"A": "293.71728",
"B": "300.8",
"C": "76.4",
"D": "220.0"
}
|
A
|
finqa462
|
Please answer the given financial question based on the context.
Context: business subsequent to the acquisition . the liabilities for these payments are classified as level 3 liabilities because the related fair value measurement , which is determined using an income approach , includes significant inputs not observable in the market . financial assets and liabilities not measured at fair value our debt is reflected on the consolidated balance sheets at cost . based on market conditions as of december 31 , 2018 and 2017 , the fair value of our credit agreement borrowings reasonably approximated the carrying values of $ 1.7 billion and $ 2.0 billion , respectively . in addition , based on market conditions , the fair values of the outstanding borrowings under the receivables facility reasonably approximated the carrying values of $ 110 million and $ 100 million at december 31 , 2018 and december 31 , 2017 , respectively . as of december 31 , 2018 and december 31 , 2017 , the fair values of the u.s . notes ( 2023 ) were approximately $ 574 million and $ 615 million , respectively , compared to a carrying value of $ 600 million at each date . as of december 31 , 2018 and december 31 , 2017 , the fair values of the euro notes ( 2024 ) were approximately $ 586 million and $ 658 million compared to carrying values of $ 573 million and $ 600 million , respectively . as of december 31 , 2018 , the fair value of the euro notes ( 2026/28 ) approximated the carrying value of $ 1.1 billion . the fair value measurements of the borrowings under our credit agreement and receivables facility are classified as level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market , including interest rates on recent financing transactions with similar terms and maturities . we estimated the fair value by calculating the upfront cash payment a market participant would require at december 31 , 2018 to assume these obligations . the fair value of our u.s . notes ( 2023 ) is classified as level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market . the fair values of our euro notes ( 2024 ) and euro notes ( 2026/28 ) are determined based upon observable market inputs including quoted market prices in markets that are not active , and therefore are classified as level 2 within the fair value hierarchy . note 13 . commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment . the future minimum lease commitments under these leases at december 31 , 2018 are as follows ( in thousands ) : years ending december 31: .
|2019|$ 294269|
|2020|256172|
|2021|210632|
|2022|158763|
|2023|131518|
|thereafter|777165|
|future minimum lease payments|$ 1828519|
rental expense for operating leases was approximately $ 300 million , $ 247 million , and $ 212 million during the years ended december 31 , 2018 , 2017 and 2016 , respectively . we guarantee the residual values of the majority of our truck and equipment operating leases . the residual values decline over the lease terms to a defined percentage of original cost . in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall . similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value . had we terminated all of our operating leases subject to these guarantees at december 31 , 2018 , our portion of the guaranteed residual value would have totaled approximately $ 76 million . we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value . litigation and related contingencies we have certain contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business . we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows. .
Question: what was the percentage change in rental expenses from 2016 to 2017?
Answer:
|
0.16509
|
what was the percentage change in rental expenses from 2016 to 2017?
|
{
"options": {
"A": "0.16509",
"B": "0.212",
"C": "0.247",
"D": "0.3"
},
"goldenKey": "A"
}
|
{
"A": "0.16509",
"B": "0.212",
"C": "0.247",
"D": "0.3"
}
|
A
|
finqa463
|
Please answer the given financial question based on the context.
Context: shareholder return performance the line graph below compares the annual percentage change in ball corporation fffds cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2011 . it assumes $ 100 was invested on december 31 , 2006 , and that all dividends were reinvested . the dow jones containers & packaging index total return has been weighted by market capitalization . total return to stockholders ( assumes $ 100 investment on 12/31/06 ) total return analysis .
||12/31/2006|12/31/2007|12/31/2008|12/31/2009|12/31/2010|12/31/2011|
|ball corporation|$ 100.00|$ 104.05|$ 97.04|$ 121.73|$ 161.39|$ 170.70|
|dj us containers & packaging|$ 100.00|$ 106.73|$ 66.91|$ 93.98|$ 110.23|$ 110.39|
|s&p 500|$ 100.00|$ 105.49|$ 66.46|$ 84.05|$ 96.71|$ 98.75|
copyright a9 2012 standard & poor fffds , a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2012 dow jones & company . all rights reserved. .
Question: what was the five year percentage return on ball corporation stock?
Answer:
|
1.707
|
what was the five year percentage return on ball corporation stock?
|
{
"options": {
"A": "1.707",
"B": "1.704",
"C": "1.697",
"D": "1.710"
},
"goldenKey": "A"
}
|
{
"A": "1.707",
"B": "1.704",
"C": "1.697",
"D": "1.710"
}
|
A
|
finqa464
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements 2014 ( continued ) merchant acquiring business in the united kingdom to the partnership . in addition , hsbc uk entered into a ten-year marketing alliance with the partnership in which hsbc uk will refer customers to the partnership for payment processing services in the united kingdom . on june 23 , 2008 , we entered into a new five year , $ 200 million term loan to fund a portion of the acquisition . we funded the remaining purchase price with excess cash and our existing credit facilities . the term loan bears interest , at our election , at the prime rate or london interbank offered rate plus a margin based on our leverage position . as of july 1 , 2008 , the interest rate on the term loan was 3.605% ( 3.605 % ) . the term loan calls for quarterly principal payments of $ 5 million beginning with the quarter ending august 31 , 2008 and increasing to $ 10 million beginning with the quarter ending august 31 , 2010 and $ 15 million beginning with the quarter ending august 31 , 2011 . the partnership agreement includes provisions pursuant to which hsbc uk may compel us to purchase , at fair value , additional membership units from hsbc uk ( the 201cput option 201d ) . hsbc uk may exercise the put option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter . by exercising the put option , hsbc uk can require us to purchase , on an annual basis , up to 15% ( 15 % ) of the total membership units . additionally , on the tenth anniversary of closing and each tenth anniversary thereafter , hsbc uk may compel us to purchase all of their membership units at fair value . while not redeemable until june 2013 , we estimate the maximum total redemption amount of the minority interest under the put option would be $ 421.4 million , as of may 31 , 2008 . the purpose of this acquisition was to establish a presence in the united kingdom . the key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and hsbc uk 2019s market share and retail presence in the united kingdom . the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples . the purchase price totaled $ 441.1 million , consisting of $ 438.6 million cash consideration plus $ 2.5 million of direct out of pocket costs . the acquisition has been recorded using the purchase method of accounting , and , accordingly , the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition . the following table summarizes the preliminary purchase price allocation: .
||total|
|goodwill|$ 294741|
|customer-related intangible assets|116920|
|contract-based intangible assets|13437|
|trademark|2204|
|property and equipment|26955|
|other current assets|100|
|total assets acquired|454357|
|minority interest in equity of subsidiary ( at historical cost )|-13257 ( 13257 )|
|net assets acquired|$ 441100|
due to the recent timing of the transaction , the allocation of the purchase price is preliminary . all of the goodwill associated with the acquisition is expected to be deductible for tax purposes . the customer-related intangible assets have amortization periods of up to 13 years . the contract-based intangible assets have amortization periods of 7 years . the trademark has an amortization period of 5 years. .
Question: what is the total amount of principle payment paid from 2008 to 2011?
Answer:
|
30.0
|
what is the total amount of principle payment paid from 2008 to 2011?
|
{
"options": {
"A": "5.0",
"B": "10.0",
"C": "15.0",
"D": "30.0"
},
"goldenKey": "D"
}
|
{
"A": "5.0",
"B": "10.0",
"C": "15.0",
"D": "30.0"
}
|
D
|
finqa465
|
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: in december 2017 what was the ratio of the estimated future benefit payments due after 2023 to the amount due in 2018
Answer:
|
5.79592
|
in december 2017 what was the ratio of the estimated future benefit payments due after 2023 to the amount due in 2018
|
{
"options": {
"A": "1.245",
"B": "2.456",
"C": "3.678",
"D": "5.79592"
},
"goldenKey": "D"
}
|
{
"A": "1.245",
"B": "2.456",
"C": "3.678",
"D": "5.79592"
}
|
D
|
finqa466
|
Please answer the given financial question based on the context.
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues the table below presents net revenues by line item. .
|$ in millions|year ended december 2018|year ended december 2017|year ended december 2016|
|investment banking|$ 7862|$ 7371|$ 6273|
|investment management|6514|5803|5407|
|commissions and fees|3199|3051|3208|
|market making|9451|7660|9933|
|other principal transactions|5823|5913|3382|
|totalnon-interestrevenues|32849|29798|28203|
|interest income|19679|13113|9691|
|interest expense|15912|10181|7104|
|net interest income|3767|2932|2587|
|total net revenues|$ 36616|$ 32730|$ 30790|
in the table above : 2030 investment banking consists of revenues ( excluding net interest ) from financial advisory and underwriting assignments , as well as derivative transactions directly related to these assignments . these activities are included in our investment banking segment . 2030 investment management consists of revenues ( excluding net interest ) from providing investment management services to a diverse set of clients , as well as wealth advisory services and certain transaction services to high-net-worth individuals and families . these activities are included in our investment management segment . 2030 commissions and fees consists of revenues from executing and clearing client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter ( otc ) transactions . these activities are included in our institutional client services and investment management segments . 2030 market making consists of revenues ( excluding net interest ) from client execution activities related to making markets in interest rate products , credit products , mortgages , currencies , commodities and equity products . these activities are included in our institutional client services segment . 2030 other principal transactions consists of revenues ( excluding net interest ) from our investing activities and the origination of loans to provide financing to clients . in addition , other principal transactions includes revenues related to our consolidated investments . these activities are included in our investing & lending segment . provision for credit losses , previously reported in other principal transactions revenues , is now reported as a separate line item in the consolidated statements of earnings . previously reported amounts have been conformed to the current presentation . operating environment . during 2018 , our market- making activities reflected generally higher levels of volatility and improved client activity , compared with a low volatility environment in 2017 . in investment banking , industry-wide mergers and acquisitions volumes increased compared with 2017 , while industry-wide underwriting transactions decreased . our other principal transactions revenues benefited from company-specific events , including sales , and strong corporate performance , while investments in public equities reflected losses , as global equity prices generally decreased in 2018 , particularly towards the end of the year . in investment management , our assets under supervision increased reflecting net inflows in liquidity products , fixed income assets and equity assets , partially offset by depreciation in client assets , primarily in equity assets . if market-making or investment banking activity levels decline , or assets under supervision decline , or asset prices continue to decline , net revenues would likely be negatively impacted . see 201csegment operating results 201d for further information about the operating environment and material trends and uncertainties that may impact our results of operations . during 2017 , generally higher asset prices and tighter credit spreads were supportive of industry-wide underwriting activities , investment management performance and other principal transactions . however , low levels of volatility in equity , fixed income , currency and commodity markets continued to negatively affect our market-making activities . 2018 versus 2017 net revenues in the consolidated statements of earnings were $ 36.62 billion for 2018 , 12% ( 12 % ) higher than 2017 , primarily due to significantly higher market making revenues and net interest income , as well as higher investment management revenues and investment banking revenues . non-interest revenues . investment banking revenues in the consolidated statements of earnings were $ 7.86 billion for 2018 , 7% ( 7 % ) higher than 2017 . revenues in financial advisory were higher , reflecting an increase in industry-wide completed mergers and acquisitions volumes . revenues in underwriting were slightly higher , due to significantly higher revenues in equity underwriting , driven by initial public offerings , partially offset by lower revenues in debt underwriting , reflecting a decline in leveraged finance activity . investment management revenues in the consolidated statements of earnings were $ 6.51 billion for 2018 , 12% ( 12 % ) higher than 2017 , primarily due to significantly higher incentive fees , as a result of harvesting . management and other fees were also higher , reflecting higher average assets under supervision and the impact of the recently adopted revenue recognition standard , partially offset by shifts in the mix of client assets and strategies . see note 3 to the consolidated financial statements for further information about asu no . 2014-09 , 201crevenue from contracts with customers ( topic 606 ) . 201d 52 goldman sachs 2018 form 10-k .
Question: what is the growth rate in net revenues in 2017?
Answer:
|
0.06301
|
what is the growth rate in net revenues in 2017?
|
{
"options": {
"A": "0.06301",
"B": "0.12",
"C": "0.07",
"D": "0.05"
},
"goldenKey": "A"
}
|
{
"A": "0.06301",
"B": "0.12",
"C": "0.07",
"D": "0.05"
}
|
A
|
finqa467
|
Please answer the given financial question based on the context.
Context: pension plan assets pension assets include public equities , government and corporate bonds , cash and cash equivalents , private real estate funds , private partnerships , hedge funds , and other assets . plan assets are held in a master trust and overseen by the company's investment committee . all assets are externally managed through a combination of active and passive strategies . managers may only invest in the asset classes for which they have been appointed . the investment committee is responsible for setting the policy that provides the framework for management of the plan assets . the investment committee has set the minimum and maximum permitted values for each asset class in the company's pension plan master trust for the year ended december 31 , 2018 , as follows: .
|u.s . equities|range 15|range -|range 36% ( 36 % )|
|international equities|10|-|29% ( 29 % )|
|fixed income securities|25|-|50% ( 50 % )|
|alternative investments|10|-|25% ( 25 % )|
the general objectives of the company's pension asset strategy are to earn a rate of return over time to satisfy the benefit obligations of the plans , meet minimum erisa funding requirements , and maintain sufficient liquidity to pay benefits and address other cash requirements within the master trust . specific investment objectives include reducing the volatility of pension assets relative to benefit obligations , achieving a competitive , total investment return , achieving diversification between and within asset classes , and managing other risks . investment objectives for each asset class are determined based on specific risks and investment opportunities identified . decisions regarding investment policies and asset allocation are made with the understanding of the historical and prospective return and risk characteristics of various asset classes , the effect of asset allocations on funded status , future company contributions , and projected expenditures , including benefits . the company updates its asset allocations periodically . the company uses various analytics to determine the optimal asset mix and considers plan obligation characteristics , duration , liquidity characteristics , funding requirements , expected rates of return , regular rebalancing , and the distribution of returns . actual allocations to each asset class could vary from target allocations due to periodic investment strategy changes , short-term market value fluctuations , the length of time it takes to fully implement investment allocation positions , such as real estate and other alternative investments , and the timing of benefit payments and company contributions . taking into account the asset allocation ranges , the company determines the specific allocation of the master trust's investments within various asset classes . the master trust utilizes select investment strategies , which are executed through separate account or fund structures with external investment managers who demonstrate experience and expertise in the appropriate asset classes and styles . the selection of investment managers is done with careful evaluation of all aspects of performance and risk , demonstrated fiduciary responsibility , investment management experience , and a review of the investment managers' policies and processes . investment performance is monitored frequently against appropriate benchmarks and tracked to compliance guidelines with the assistance of third party consultants and performance evaluation tools and metrics . plan assets are stated at fair value . the company employs a variety of pricing sources to estimate the fair value of its pension plan assets , including independent pricing vendors , dealer or counterparty-supplied valuations , third- party appraisals , and appraisals prepared by the company's investment managers or other experts . investments in equity securities , common and preferred , are valued at the last reported sales price when an active market exists . securities for which official or last trade pricing on an active exchange is available are classified as level 1 . if closing prices are not available , securities are valued at the last trade price , if deemed reasonable , or a broker's quote in a non-active market , and are typically categorized as level 2 . investments in fixed-income securities are generally valued by independent pricing services or dealers who make markets in such securities . pricing methods are based upon market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders , and fixed-income securities typically are categorized as level 2. .
Question: what is the difference in the range of u.s equities permitted in the company's pension plan?
Answer:
|
-14.64
|
what is the difference in the range of u.s equities permitted in the company's pension plan?
|
{
"options": {
"A": "-14.64%",
"B": "14.64%",
"C": "50%",
"D": "36%"
},
"goldenKey": "A"
}
|
{
"A": "-14.64%",
"B": "14.64%",
"C": "50%",
"D": "36%"
}
|
A
|
finqa468
|
Please answer the given financial question based on the context.
Context: item 7 . management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe . our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis . 2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil . 2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in e.g . certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward- looking statements concerning trends or events potentially affecting our business . these statements typically contain words such as "anticipates" "believes" "estimates" "expects" "targets" "plans" "projects" "could" "may" "should" "would" or similar words indicating that future outcomes are uncertain . in accordance with "safe harbor" provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements . for additional risk factors affecting our business , see item 1a . risk factors in this annual report on form 10-k . management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 . business , item 1a . risk factors and item 8 . financial statements and supplementary data found in this annual report on form 10-k . spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc . marathon stockholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held . a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off . activities related to the downstream business have been treated as discontinued operations in 2011 and 2010 ( see item 8 . financial statements and supplementary data 2013 note 3 to the consolidated financial statements for additional information ) . overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows . the following table lists benchmark crude oil and natural gas price annual averages for the past three years. .
|benchmark|2012|2011|2010|
|wti crude oil ( dollars per bbl )|$ 94.15|$ 95.11|$ 79.61|
|brent ( europe ) crude oil ( dollars per bbl )|$ 111.65|$ 111.26|$ 79.51|
|henry hub natural gas ( dollars per mmbtu ) ( a )|$ 2.79|$ 4.04|$ 4.39|
henry hub natural gas ( dollars per mmbtu ) ( a ) $ 2.79 $ 4.04 $ 4.39 ( a ) settlement date average . liquid hydrocarbon 2013 prices of crude oil have been volatile in recent years , but less so when comparing annual averages for 2012 and 2011 . in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti . the quality , location and composition of our liquid hydrocarbon production mix will cause our u.s . liquid hydrocarbon realizations to differ from the wti benchmark . in 2012 , 2011 and 2010 , the percentage of our u.s . crude oil and condensate production that was sour averaged 37 percent , 58 percent and 68 percent . sour crude contains more sulfur and tends to be heavier than light sweet crude oil so that refining it is more costly and produces lower value products ; therefore , sour crude is considered of lower quality and typically sells at a discount to wti . the percentage of our u.s . crude and condensate production that is sour has been decreasing as onshore production from the eagle ford and bakken shale plays increases and production from the gulf of mexico declines . in recent years , crude oil sold along the u.s . gulf coast has been priced at a premium to wti because the louisiana light sweet benchmark has been tracking brent , while production from inland areas farther from large refineries has been at a discount to wti . ngls were 10 percent , 7 percent and 6 percent of our u.s . liquid hydrocarbon sales in 2012 , 2011 and 2010 . in 2012 , our sales of ngls increased due to our development of u.s . unconventional liquids-rich plays. .
Question: between 2012 and 2011 , what was the change in the percentage of crude oil and condensate production that was sour?
Answer:
|
-21.0
|
between 2012 and 2011 , what was the change in the percentage of crude oil and condensate production that was sour?
|
{
"options": {
"A": "-21.0%",
"B": "-31.0%",
"C": "-37.0%",
"D": "-58.0%"
},
"goldenKey": "A"
}
|
{
"A": "-21.0%",
"B": "-31.0%",
"C": "-37.0%",
"D": "-58.0%"
}
|
A
|
finqa469
|
Please answer the given financial question based on the context.
Context: on either a straight-line or accelerated basis . amortization expense for intangibles was approximately $ 4.2 million , $ 4.1 million and $ 4.1 million during the years ended december 31 , 2010 , 2009 and 2008 , respectively . estimated annual amortization expense of the december 31 , 2010 balance for the years ended december 31 , 2011 through 2015 is approximately $ 4.8 million . impairment of long-lived assets long-lived assets are reviewed for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable . if such review indicates that the carrying amount of long- lived assets is not recoverable , the carrying amount of such assets is reduced to fair value . during the year ended december 31 , 2010 , we recognized impairment charges on certain long-lived assets during the normal course of business of $ 1.3 million . there were no adjustments to the carrying value of long-lived assets of continuing operations during the years ended december 31 , 2009 or 2008 . fair value of financial instruments our debt is reflected on the balance sheet at cost . based on market conditions as of december 31 , 2010 , the fair value of our term loans ( see note 5 , 201clong-term obligations 201d ) reasonably approximated the carrying value of $ 590 million . at december 31 , 2009 , the fair value of our term loans at $ 570 million was below the carrying value of $ 596 million because our interest rate margins were below the rate available in the market . we estimated the fair value of our term loans by calculating the upfront cash payment a market participant would require to assume our obligations . the upfront cash payment , excluding any issuance costs , is the amount that a market participant would be able to lend at december 31 , 2010 and 2009 to an entity with a credit rating similar to ours and achieve sufficient cash inflows to cover the scheduled cash outflows under our term loans . the carrying amounts of our cash and equivalents , net trade receivables and accounts payable approximate fair value . we apply the market and income approaches to value our financial assets and liabilities , which include the cash surrender value of life insurance , deferred compensation liabilities and interest rate swaps . required fair value disclosures are included in note 7 , 201cfair value measurements . 201d product warranties some of our salvage mechanical products are sold with a standard six-month warranty against defects . additionally , some of our remanufactured engines are sold with a standard three-year warranty against defects . we record the estimated warranty costs at the time of sale using historical warranty claim information to project future warranty claims activity and related expenses . the changes in the warranty reserve are as follows ( in thousands ) : .
|balance as of january 1 2009|$ 540|
|warranty expense|5033|
|warranty claims|-4969 ( 4969 )|
|balance as of december 31 2009|604|
|warranty expense|9351|
|warranty claims|-8882 ( 8882 )|
|business acquisitions|990|
|balance as of december 31 2010|$ 2063|
self-insurance reserves we self-insure a portion of employee medical benefits under the terms of our employee health insurance program . we purchase certain stop-loss insurance to limit our liability exposure . we also self-insure a portion of .
Question: what was the percentage change in warranty reserve between 2009 and 2010?
Answer:
|
2.41556
|
what was the percentage change in warranty reserve between 2009 and 2010?
|
{
"options": {
"A": "1.41556%",
"B": "2.41556%",
"C": "3.41556%",
"D": "4.41556%"
},
"goldenKey": "B"
}
|
{
"A": "1.41556%",
"B": "2.41556%",
"C": "3.41556%",
"D": "4.41556%"
}
|
B
|
finqa470
|
Please answer the given financial question based on the context.
Context: in accordance with sfas no . 142 , goodwill and other intangible assets , the goodwill is not amortized , but will be subject to a periodic assessment for impairment by applying a fair-value-based test . none of this goodwill is expected to be deductible for tax purposes . the company performs its annual test for impairment of goodwill in may of each year . the company is required to perform a periodic assessment between annual tests in certain circumstances . the company has performed its annual test of goodwill as of may 1 , 2006 and has determined there was no impairment of goodwill during 2006 . the company allocated $ 15.8 million of the purchase price to in-process research and development projects . in-process research and development ( ipr&d ) represents the valuation of acquired , to-be- completed research projects . at the acquisition date , cyvera 2019s ongoing research and development initiatives were primarily involved with the development of its veracode technology and the beadxpress reader . these two projects were approximately 50% ( 50 % ) and 25% ( 25 % ) complete at the date of acquisition , respectively . as of december 31 , 2006 , these two projects were approximately 90% ( 90 % ) and 80% ( 80 % ) complete , respectively . the value assigned to purchased ipr&d was determined by estimating the costs to develop the acquired technology into commercially viable products , estimating the resulting net cash flows from the projects , and discounting the net cash flows to their present value . the revenue projections used to value the ipr&d were , in some cases , reduced based on the probability of developing a new technology , and considered the relevant market sizes and growth factors , expected trends in technology , and the nature and expected timing of new product introductions by the company and its competitors . the resulting net cash flows from such projects are based on the company 2019s estimates of cost of sales , operating expenses , and income taxes from such projects . the rates utilized to discount the net cash flows to their present value were based on estimated cost of capital calculations . due to the nature of the forecast and the risks associated with the projected growth and profitability of the developmental projects , discount rates of 30% ( 30 % ) were considered appropriate for the ipr&d . the company believes that these discount rates were commensurate with the projects 2019stage of development and the uncertainties in the economic estimates described above . if these projects are not successfully developed , the sales and profitability of the combined company may be adversely affected in future periods . the company believes that the foregoing assumptions used in the ipr&d analysis were reasonable at the time of the acquisition . no assurance can be given , however , that the underlying assumptions used to estimate expected project sales , development costs or profitability , or the events associated with such projects , will transpire as estimated . at the date of acquisition , the development of these projects had not yet reached technological feasibility , and the research and development in progress had no alternative future uses . accordingly , these costs were charged to expense in the second quarter of 2005 . the following unaudited pro forma information shows the results of the company 2019s operations for the years ended january 1 , 2006 and january 2 , 2005 as though the acquisition had occurred as of the beginning of the periods presented ( in thousands , except per share data ) : year ended january 1 , year ended january 2 .
||year ended january 1 2006|year ended january 2 2005|
|revenue|$ 73501|$ 50583|
|net loss|-6234 ( 6234 )|-9965 ( 9965 )|
|net loss per share basic and diluted|-0.15 ( 0.15 )|-0.27 ( 0.27 )|
illumina , inc . notes to consolidated financial statements 2014 ( continued ) .
Question: what was the percent of the growth in the revenues from 2005 to 2006
Answer:
|
0.45308
|
what was the percent of the growth in the revenues from 2005 to 2006
|
{
"options": {
"A": "0.45308%",
"B": "0.45308",
"C": "45.308%",
"D": "45.308"
},
"goldenKey": "A"
}
|
{
"A": "0.45308%",
"B": "0.45308",
"C": "45.308%",
"D": "45.308"
}
|
A
|
finqa471
|
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements level 3 rollforward if a derivative was transferred to level 3 during a reporting period , its entire gain or loss for the period is included in level 3 . transfers between levels are reported at the beginning of the reporting period in which they occur . in the tables below , negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities . gains and losses on level 3 derivatives should be considered in the context of the following : 2030 a derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input . 2030 if there is one significant level 3 input , the entire gain or loss from adjusting only observable inputs ( i.e. , level 1 and level 2 inputs ) is classified as level 3 . 2030 gains or losses that have been reported in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1 , level 2 and level 3 cash instruments . as a result , gains/ ( losses ) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm 2019s results of operations , liquidity or capital resources . the tables below present changes in fair value for all derivatives categorized as level 3 as of the end of the year. .
|in millions|level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance beginning of year|level 3 derivative assets and liabilities at fair value for the year ended december 2013 net realized gains/ ( losses )|level 3 derivative assets and liabilities at fair value for the year ended december 2013 net unrealized gains/ ( losses ) relating to instruments still held at year-end|level 3 derivative assets and liabilities at fair value for the year ended december 2013 purchases|level 3 derivative assets and liabilities at fair value for the year ended december 2013 sales|level 3 derivative assets and liabilities at fair value for the year ended december 2013 settlements|level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers into level 3|level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers out of level 3|level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance endof year|
|interest rates 2014 net|$ -355 ( 355 )|$ -78 ( 78 )|$ 168|$ 1|$ -8 ( 8 )|$ 196|$ -9 ( 9 )|$ -1 ( 1 )|$ -86 ( 86 )|
|credit 2014 net|6228|-1 ( 1 )|-977 ( 977 )|201|-315 ( 315 )|-1508 ( 1508 )|695|-147 ( 147 )|4176|
|currencies 2014 net|35|-93 ( 93 )|-419 ( 419 )|22|-6 ( 6 )|169|139|-47 ( 47 )|-200 ( 200 )|
|commodities 2014 net|-304 ( 304 )|-6 ( 6 )|58|21|-48 ( 48 )|281|50|8|60|
|equities 2014 net|-1248 ( 1248 )|-67 ( 67 )|-202 ( 202 )|77|-472 ( 472 )|1020|-15 ( 15 )|-52 ( 52 )|-959 ( 959 )|
|total derivatives 2014 net|$ 4356|$ ( 245 ) 1|$ ( 1372 ) 1|$ 322|$ -849 ( 849 )|$ 158|$ 860|$ -239 ( 239 )|$ 2991|
1 . the aggregate amounts include losses of approximately $ 1.29 billion and $ 324 million reported in 201cmarket making 201d and 201cother principal transactions , 201d respectively . the net unrealized loss on level 3 derivatives of $ 1.37 billion for 2013 principally resulted from changes in level 2 inputs and was primarily attributable to losses on certain credit derivatives , principally due to the impact of tighter credit spreads , and losses on certain currency derivatives , primarily due to changes in foreign exchange rates . transfers into level 3 derivatives during 2013 primarily reflected transfers of credit derivative assets from level 2 , principally due to reduced transparency of upfront credit points and correlation inputs used to value these derivatives . transfers out of level 3 derivatives during 2013 primarily reflected transfers of certain credit derivatives to level 2 , principally due to unobservable credit spread and correlation inputs no longer being significant to the valuation of these derivatives and unobservable inputs not being significant to the net risk of certain portfolios . goldman sachs 2013 annual report 143 .
Question: what was the total derivatives-net change for level 3 derivative assets and liabilities at fair value for the year from the beginning of 2013 to the end of 2013 , in millions?
Answer:
|
-1365.0
|
what was the total derivatives-net change for level 3 derivative assets and liabilities at fair value for the year from the beginning of 2013 to the end of 2013 , in millions?
|
{
"options": {
"A": "-1365",
"B": "1365",
"C": "4356",
"D": "-245"
},
"goldenKey": "A"
}
|
{
"A": "-1365",
"B": "1365",
"C": "4356",
"D": "-245"
}
|
A
|
finqa473
|
Please answer the given financial question based on the context.
Context: table of contents part ii , item 8 schlumberger limited ( schlumberger n.v. , incorporated in the netherlands antilles ) and subsidiary companies shares of common stock issued treasury shares outstanding .
||issued|in treasury|shares outstanding|
|balance january 1 2001|667085793|-94361099 ( 94361099 )|572724694|
|employee stock purchase plan|2013|1752833|1752833|
|shares granted to directors|2013|4800|4800|
|shares sold to optionees|8385|1399686|1408071|
|balance december 31 2001|667094178|-91203780 ( 91203780 )|575890398|
|employee stock purchase plan|2013|2677842|2677842|
|shares granted to directors|2013|3500|3500|
|shares sold to optionees|10490|2243400|2253890|
|acquisition of technoguide|2013|1347485|1347485|
|balance december 31 2002|667104668|-84931553 ( 84931553 )|582173115|
|employee stock purchase plan|2013|2464088|2464088|
|shares granted to directors|2013|3500|3500|
|shares sold to optionees|1320|1306305|1307625|
|balance december 31 2003|667105988|-81157660 ( 81157660 )|585948328|
see the notes to consolidated financial statements 39 / slb 2003 form 10-k .
Question: the acquisition of technoguide accounted for what percentage of shares outstanding?
Answer:
|
0.00231
|
the acquisition of technoguide accounted for what percentage of shares outstanding?
|
{
"options": {
"A": "0.00231%",
"B": "0.0231%",
"C": "0.231%",
"D": "2.31%"
},
"goldenKey": "A"
}
|
{
"A": "0.00231%",
"B": "0.0231%",
"C": "0.231%",
"D": "2.31%"
}
|
A
|
finqa474
|
Please answer the given financial question based on the context.
Context: in summary , our cash flows for each period were as follows : years ended ( in millions ) dec 30 , dec 31 , dec 26 .
|years ended ( in millions )|dec 302017|dec 312016|dec 262015|
|net cash provided by operating activities|$ 22110|$ 21808|$ 19018|
|net cash used for investing activities|-15762 ( 15762 )|-25817 ( 25817 )|-8183 ( 8183 )|
|net cash provided by ( used for ) financing activities|-8475 ( 8475 )|-5739 ( 5739 )|1912|
|net increase ( decrease ) in cash and cash equivalents|$ -2127 ( 2127 )|$ -9748 ( 9748 )|$ 12747|
operating activities cash provided by operating activities is net income adjusted for certain non-cash items and changes in assets and liabilities . for 2017 compared to 2016 , the $ 302 million increase in cash provided by operating activities was due to changes to working capital partially offset by adjustments for non-cash items and lower net income . tax reform did not have an impact on our 2017 cash provided by operating activities . the increase in cash provided by operating activities was driven by increased income before taxes and $ 1.0 billion receipts of customer deposits . these increases were partially offset by increased inventory and accounts receivable . income taxes paid , net of refunds , in 2017 compared to 2016 were $ 2.9 billion higher due to higher income before taxes , taxable gains on sales of asml , and taxes on the isecg divestiture . we expect approximately $ 2.0 billion of additional customer deposits in 2018 . for 2016 compared to 2015 , the $ 2.8 billion increase in cash provided by operating activities was due to adjustments for non-cash items and changes in working capital , partially offset by lower net income . the adjustments for non-cash items were higher in 2016 primarily due to restructuring and other charges and the change in deferred taxes , partially offset by lower depreciation . investing activities investing cash flows consist primarily of capital expenditures ; investment purchases , sales , maturities , and disposals ; and proceeds from divestitures and cash used for acquisitions . our capital expenditures were $ 11.8 billion in 2017 ( $ 9.6 billion in 2016 and $ 7.3 billion in 2015 ) . the decrease in cash used for investing activities in 2017 compared to 2016 was primarily due to higher net activity of available-for sale-investments in 2017 , proceeds from our divestiture of isecg in 2017 , and higher maturities and sales of trading assets in 2017 . this activity was partially offset by higher capital expenditures in 2017 . the increase in cash used for investing activities in 2016 compared to 2015 was primarily due to our completed acquisition of altera , net purchases of trading assets in 2016 compared to net sales of trading assets in 2015 , and higher capital expenditures in 2016 . this increase was partially offset by lower investments in non-marketable equity investments . financing activities financing cash flows consist primarily of repurchases of common stock , payment of dividends to stockholders , issuance and repayment of short-term and long-term debt , and proceeds from the sale of shares of common stock through employee equity incentive plans . the increase in cash used for financing activities in 2017 compared to 2016 was primarily due to net long-term debt activity , which was a use of cash in 2017 compared to a source of cash in 2016 . during 2017 , we repurchased $ 3.6 billion of common stock under our authorized common stock repurchase program , compared to $ 2.6 billion in 2016 . as of december 30 , 2017 , $ 13.2 billion remained available for repurchasing common stock under the existing repurchase authorization limit . we base our level of common stock repurchases on internal cash management decisions , and this level may fluctuate . proceeds from the sale of common stock through employee equity incentive plans totaled $ 770 million in 2017 compared to $ 1.1 billion in 2016 . our total dividend payments were $ 5.1 billion in 2017 compared to $ 4.9 billion in 2016 . we have paid a cash dividend in each of the past 101 quarters . in january 2018 , our board of directors approved an increase to our cash dividend to $ 1.20 per share on an annual basis . the board has declared a quarterly cash dividend of $ 0.30 per share of common stock for q1 2018 . the dividend is payable on march 1 , 2018 to stockholders of record on february 7 , 2018 . cash was used for financing activities in 2016 compared to cash provided by financing activities in 2015 , primarily due to fewer debt issuances and the repayment of debt in 2016 . this activity was partially offset by repayment of commercial paper in 2015 and fewer common stock repurchases in 2016 . md&a - results of operations consolidated results and analysis 37 .
Question: as of december 31 2017 what was percent of the net cash used for investing activities to the net cash provided by operating activities
Answer:
|
0.71289
|
as of december 31 2017 what was percent of the net cash used for investing activities to the net cash provided by operating activities
|
{
"options": {
"A": "0.71289",
"B": "0.78654",
"C": "0.64321",
"D": "0.52987"
},
"goldenKey": "A"
}
|
{
"A": "0.71289",
"B": "0.78654",
"C": "0.64321",
"D": "0.52987"
}
|
A
|
finqa475
|
Please answer the given financial question based on the context.
Context: note 6 : allowance for uncollectible accounts the following table provides the changes in the allowances for uncollectible accounts for the years ended december 31: .
||2018|2017|2016|
|balance as of january 1|$ -42 ( 42 )|$ -40 ( 40 )|$ -39 ( 39 )|
|amounts charged to expense|-33 ( 33 )|-29 ( 29 )|-27 ( 27 )|
|amounts written off|34|30|29|
|recoveries of amounts written off|-4 ( 4 )|-3 ( 3 )|-3 ( 3 )|
|balance as of december 31|$ -45 ( 45 )|$ -42 ( 42 )|$ -40 ( 40 )|
note 7 : regulatory assets and liabilities regulatory assets regulatory assets represent costs that are probable of recovery from customers in future rates . the majority of the regulatory assets earn a return . the following table provides the composition of regulatory assets as of december 31 : 2018 2017 deferred pension expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 362 $ 285 removal costs recoverable through rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 292 269 regulatory balancing accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 113 san clemente dam project costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 89 debt expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 67 purchase premium recoverable through rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 57 deferred tank painting costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 42 make-whole premium on early extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 27 other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 112 total regulatory assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1156 $ 1061 the company 2019s deferred pension expense includes a portion of the underfunded status that is probable of recovery through rates in future periods of $ 352 million and $ 270 million as of december 31 , 2018 and 2017 , respectively . the remaining portion is the pension expense in excess of the amount contributed to the pension plans which is deferred by certain subsidiaries and will be recovered in future service rates as contributions are made to the pension plan . removal costs recoverable through rates represent costs incurred for removal of property , plant and equipment or other retirement costs . regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded . regulatory balancing accounts include low income programs and purchased power and water accounts . san clemente dam project costs represent costs incurred and deferred by the company 2019s utility subsidiary in california pursuant to its efforts to investigate alternatives and remove the dam due to potential earthquake and flood safety concerns . in june 2012 , the california public utilities commission ( 201ccpuc 201d ) issued a decision authorizing implementation of a project to reroute the carmel river and remove the san clemente dam . the project includes the company 2019s utility subsidiary in california , the california state conservancy and the national marine fisheries services . under the order 2019s terms , the cpuc has authorized recovery for .
Question: what was the decrease in the total balance as of december 31 2018 from 2017?
Answer:
|
3.0
|
what was the decrease in the total balance as of december 31 2018 from 2017?
|
{
"options": {
"A": "1.0",
"B": "2.0",
"C": "3.0",
"D": "4.0"
},
"goldenKey": "C"
}
|
{
"A": "1.0",
"B": "2.0",
"C": "3.0",
"D": "4.0"
}
|
C
|
finqa476
|
Please answer the given financial question based on the context.
Context: the company monitors the financial health and stability of its lenders under the revolving credit and 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 . in july 2011 , in connection with the company 2019s acquisition of its corporate headquarters , the company assumed a $ 38.6 million nonrecourse loan secured by a mortgage on the acquired property . the acquisition of the company 2019s corporate headquarters was accounted for as a business combination , and the carrying value of the loan secured by the acquired property approximates fair value . the assumed loan had an original term of approximately ten years with a scheduled maturity date of march 1 , 2013 . the loan includes a balloon payment of $ 37.3 million due at maturity , and may not be prepaid . the assumed loan is nonrecourse with the lender 2019s remedies for non-performance limited to action against the acquired property and certain required reserves and a cash collateral account , except for nonrecourse carve outs related to fraud , breaches of certain representations , warranties or covenants , including those related to environmental matters , and other standard carve outs for a loan of this type . the loan requires certain minimum cash flows and financial results from the property , and if those requirements are not met , additional reserves may be required . the assumed loan requires prior approval of the lender for certain matters related to the property , including material leases , changes to property management , transfers of any part of the property and material alterations to the property . the loan has an interest rate of 6.73% ( 6.73 % ) . in connection with the assumed loan , the company incurred and capitalized $ 0.8 million in deferred financing costs . as of december 31 , 2011 , the outstanding balance on the loan was $ 38.2 million . in addition , in connection with the assumed loan for the acquisition of its corporate headquarters , the company was required to set aside amounts in reserve and cash collateral accounts . as of december 31 , 2011 , $ 2.0 million of restricted cash was included in prepaid expenses and other current assets , and the remaining $ 3.0 million of restricted cash was included in other long term assets . interest expense was $ 3.9 million , $ 2.3 million and $ 2.4 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively . interest expense includes the amortization of deferred financing costs and interest expense under the credit and long term debt facilities , as well as the assumed loan discussed above . 8 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its retail stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2023 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for factory house stores that the company did not yet occupy as of december 31 , 2011 and does not include contingent rent the company may incur at its retail stores based on future sales above a specified limit . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2011 : ( in thousands ) operating .
|( in thousands )|operating|
|2012|$ 22926|
|2013|23470|
|2014|26041|
|2015|24963|
|2016|18734|
|2017 and thereafter|69044|
|total future minimum lease payments|$ 185178|
included in selling , general and administrative expense was rent expense of $ 26.7 million , $ 21.3 million and $ 14.1 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively , under non-cancelable .
Question: as of december 312012 what was the percent of the schedule of future minimum lease payments for non-cancelable real property operating as part of the total
Answer:
|
0.12381
|
as of december 312012 what was the percent of the schedule of future minimum lease payments for non-cancelable real property operating as part of the total
|
{
"options": {
"A": "0.12381",
"B": "0.23470",
"C": "0.26041",
"D": "0.69044"
},
"goldenKey": "A"
}
|
{
"A": "0.12381",
"B": "0.23470",
"C": "0.26041",
"D": "0.69044"
}
|
A
|
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