Datasets:
Dataset Viewer
id
int64 1
309
| question
stringlengths 31
367
| thought
stringlengths 568
11.6k
| answer
stringlengths 1
335
| total_token
int64 216
2.79k
| base_datasets_id
int64 1
309
|
|---|---|---|---|---|---|
1 |
what percentage of tangible book value is made up of cash and cash equivalents and mutual fund investment holdings at december 31 , 2009?
|
administrative fees , which increased $ 5.8 million to $ 353.9 million , are generally offset by related operating expenses that are incurred to provide services to the funds and their investors .our largest expense , compensation and related costs , increased $ 18.4 million or 2.3% ( 2.3 % ) from 2007 .this increase includes $ 37.2 million in salaries resulting from an 8.4% ( 8.4 % ) increase in our average staff count and an increase of our associates 2019 base salaries at the beginning of the year .at december 31 , 2008 , we employed 5385 associates , up 6.0% ( 6.0 % ) from the end of 2007 , primarily to add capabilities and support increased volume-related activities and other growth over the past few years .over the course of 2008 , we slowed the growth of our associate base from earlier plans and the prior year .we also reduced our annual bonuses $ 27.6 million versus the 2007 year in response to unfavorable financial market conditions that negatively impacted our operating results .the balance of the increase is attributable to higher employee benefits and employment-related expenses , including an increase of $ 5.7 million in stock-based compensation .after higher spending during the first quarter of 2008 versus 2007 , investor sentiment in the uncertain and volatile market environment caused us to reduce advertising and promotion spending , which for the year was down $ 3.8 million from 2007 .occupancy and facility costs together with depreciation expense increased $ 18 million , or 12% ( 12 % ) compared to 2007 .we expanded and renovated our facilities in 2008 to accommodate the growth in our associates to meet business demands .other operating expenses were up $ 3.3 million from 2007 .we increased our spending $ 9.8 million , primarily for professional fees and information and other third-party services .reductions in travel and charitable contributions partially offset these increases .our non-operating investment activity resulted in a net loss of $ 52.3 million in 2008 as compared to a net gain of $ 80.4 million in 2007 .this change of $ 132.7 million is primarily attributable to losses recognized in 2008 on our investments in sponsored mutual funds , which resulted from declines in financial market values during the year. .
[['', '2007', '2008', 'change'], ['capital gain distributions received', '$ 22.1', '$ 5.6', '$ -16.5 ( 16.5 )'], ['other than temporary impairments recognized', '-.3 ( .3 )', '-91.3 ( 91.3 )', '-91.0 ( 91.0 )'], ['net gains ( losses ) realized onfund dispositions', '5.5', '-4.5 ( 4.5 )', '-10.0 ( 10.0 )'], ['net gain ( loss ) recognized on fund holdings', '$ 27.3', '$ -90.2 ( 90.2 )', '$ -117.5 ( 117.5 )']]
we recognized other than temporary impairments of our investments in sponsored mutual funds because of declines in fair value below cost for an extended period .the significant declines in fair value below cost that occurred in 2008 were generally attributable to adverse market conditions .in addition , income from money market and bond fund holdings was $ 19.3 million lower than in 2007 due to the significantly lower interest rate environment of 2008 .lower interest rates also led to substantial capital appreciation on our $ 40 million holding of u.s .treasury notes that we sold in december 2008 at a $ 2.6 million gain .the 2008 provision for income taxes as a percentage of pretax income is 38.4% ( 38.4 % ) , up from 37.7% ( 37.7 % ) in 2007 , primarily to reflect changes in state income tax rates and regulations and certain adjustments made prospectively based on our annual income tax return filings for 2007 .c a p i t a l r e s o u r c e s a n d l i q u i d i t y .during 2009 , stockholders 2019 equity increased from $ 2.5 billion to $ 2.9 billion .we repurchased nearly 2.3 million common shares for $ 67 million in 2009 .tangible book value is $ 2.2 billion at december 31 , 2009 , and our cash and cash equivalents and our mutual fund investment holdings total $ 1.4 billion .given the availability of these financial resources , we do not maintain an available external source of liquidity .on january 20 , 2010 , we purchased a 26% ( 26 % ) equity interest in uti asset management company and an affiliate for $ 142.4 million .we funded the acquisition from our cash holdings .in addition to the pending uti acquisition , we had outstanding commitments to fund other investments totaling $ 35.4 million at december 31 , 2009 .we presently anticipate funding 2010 property and equipment expenditures of about $ 150 million from our cash balances and operating cash inflows .22 t .rowe price group annual report 2009 .
|
64%
| 1,273 | 1 |
2 |
what is the percentage change in the total expense related to the defined contribution plan for u.s employees in 2010?
|
the following is a schedule of future minimum rental payments required under long-term operating leases at october 30 , 2010 : fiscal years operating leases .
[['fiscal years', 'operating leases'], ['2011', '$ 21871'], ['2012', '12322'], ['2013', '9078'], ['2014', '6381'], ['2015', '5422'], ['later years', '30655'], ['total', '$ 85729']]
12 .commitments and contingencies from time to time in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes .as to such claims and litigation , the company can give no assurance that it will prevail .the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows .13 .retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees .the company maintains a defined contribution plan for the benefit of its eligible u.s .employees .this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation .in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation .the total expense related to the defined contribution plan for u.s .employees was $ 20.5 million in fiscal 2010 , $ 21.5 million in fiscal 2009 and $ 22.6 million in fiscal 2008 .the company also has various defined benefit pension and other retirement plans for certain non-u.s .employees that are consistent with local statutory requirements and practices .the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s .employees was $ 11.7 million in fiscal 2010 , $ 10.9 million in fiscal 2009 and $ 13.9 million in fiscal 2008 .during fiscal 2009 , the measurement date of the plan 2019s funded status was changed from september 30 to the company 2019s fiscal year end .non-u.s .plan disclosures the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country .the plans 2019 assets consist primarily of u.s .and non-u.s .equity securities , bonds , property and cash .the benefit obligations and related assets under these plans have been measured at october 30 , 2010 and october 31 , 2009 .analog devices , inc .notes to consolidated financial statements 2014 ( continued ) .
|
-4.7%
| 722 | 2 |
3 |
what is the annual cash flow cost of the cc series preferred stock , in m?
|
jpmorgan chase & co./2017 annual report 89 the table below reflects the firm 2019s assessed level of capital allocated to each line of business as of the dates indicated .line of business equity ( allocated capital ) .
[['( in billions )', 'january 12018', 'december 31 , 2017', 'december 31 , 2016'], ['consumer & community banking', '$ 51.0', '$ 51.0', '$ 51.0'], ['corporate & investment bank', '70.0', '70.0', '64.0'], ['commercial banking', '20.0', '20.0', '16.0'], ['asset & wealth management', '9.0', '9.0', '9.0'], ['corporate', '79.6', '79.6', '88.1'], ['total common stockholders 2019 equity', '$ 229.6', '$ 229.6', '$ 228.1']]
planning and stress testing comprehensive capital analysis and review the federal reserve requires large bank holding companies , including the firm , to submit a capital plan on an annual basis .the federal reserve uses the ccar and dodd-frank act stress test processes to ensure that large bhcs have sufficient capital during periods of economic and financial stress , and have robust , forward-looking capital assessment and planning processes in place that address each bhc 2019s unique risks to enable it to absorb losses under certain stress scenarios .through the ccar , the federal reserve evaluates each bhc 2019s capital adequacy and internal capital adequacy assessment processes ( 201cicaap 201d ) , as well as its plans to make capital distributions , such as dividend payments or stock repurchases .on june 28 , 2017 , the federal reserve informed the firm that it did not object , on either a quantitative or qualitative basis , to the firm 2019s 2017 capital plan .for information on actions taken by the firm 2019s board of directors following the 2017 ccar results , see capital actions on pages 89-90 .the firm 2019s ccar process is integrated into and employs the same methodologies utilized in the firm 2019s icaap process , as discussed below .internal capital adequacy assessment process semiannually , the firm completes the icaap , which provides management with a view of the impact of severe and unexpected events on earnings , balance sheet positions , reserves and capital .the firm 2019s icaap integrates stress testing protocols with capital planning .the process assesses the potential impact of alternative economic and business scenarios on the firm 2019s earnings and capital .economic scenarios , and the parameters underlying those scenarios , are defined centrally and applied uniformly across the businesses .these scenarios are articulated in terms of macroeconomic factors , which are key drivers of business results ; global market shocks , which generate short-term but severe trading losses ; and idiosyncratic operational risk events .the scenarios are intended to capture and stress key vulnerabilities and idiosyncratic risks facing the firm .however , when defining a broad range of scenarios , actual events can always be worse .accordingly , management considers additional stresses outside these scenarios , as necessary .icaap results are reviewed by management and the audit committee .capital actions preferred stock preferred stock dividends declared were $ 1.7 billion for the year ended december 31 , 2017 .on october 20 , 2017 , the firm issued $ 1.3 billion of fixed- to-floating rate non-cumulative preferred stock , series cc , with an initial dividend rate of 4.625% ( 4.625 % ) .on december 1 , 2017 , the firm redeemed all $ 1.3 billion of its outstanding 5.50% ( 5.50 % ) non-cumulative preferred stock , series o .for additional information on the firm 2019s preferred stock , see note 20 .trust preferred securities on december 18 , 2017 , the delaware trusts that issued seven series of outstanding trust preferred securities were liquidated , $ 1.6 billion of trust preferred and $ 56 million of common securities originally issued by those trusts were cancelled , and the junior subordinated debentures previously held by each trust issuer were distributed pro rata to the holders of the corresponding series of trust preferred and common securities .the firm redeemed $ 1.6 billion of trust preferred securities in the year ended december 31 , 2016 .common stock dividends the firm 2019s common stock dividend policy reflects jpmorgan chase 2019s earnings outlook , desired dividend payout ratio , capital objectives , and alternative investment opportunities .on september 19 , 2017 , the firm announced that its board of directors increased the quarterly common stock dividend to $ 0.56 per share , effective with the dividend paid on october 31 , 2017 .the firm 2019s dividends are subject to the board of directors 2019 approval on a quarterly basis .for information regarding dividend restrictions , see note 20 and note 25. .
|
60.1
| 1,196 | 3 |
4 |
what is the growth rate in the balance of cash and cash equivalents on hand from 2016 to 2017?
|
liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings .we continue to expect our operating cash flow to remain strong .as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s .as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate .these liabilities were recorded as part of the respective purchase price accounting of each transaction .the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 .as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 .the credit facility has been established with a diverse syndicate of banks .there were no borrowings under our credit facility as of december 31 , 2017 or 2016 .the credit facility supports our $ 2.0 billion u.s .commercial paper program and $ 2.0 billion european commercial paper program .combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion .at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s .commercial paper program .additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs .most of these lines are used to support global cash pooling structures .approximately $ 643 million of these credit lines were available for use as of year-end 2017 .bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions .we do not have any other significant unconditional purchase obligations or commercial commitments .as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s .as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively .a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities .should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds .in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility .we are in compliance with our debt covenants and other requirements of our credit agreements and indentures .a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: .
[['( millions )', 'total', 'payments due by period less than 1 year', 'payments due by period 2-3 years', 'payments due by period 4-5 years', 'payments due by period more than 5 years'], ['notes payable', '$ 15', '$ 15', '$ -', '$ -', '$ -'], ['one-time transition tax', '160', '13', '26', '26', '95'], ['long-term debt', '7303', '549', '696', '1513', '4545'], ['capital lease obligations', '5', '1', '1', '1', '2'], ['operating leases', '617', '131', '211', '160', '115'], ['interest*', '2753', '242', '436', '375', '1700'], ['total', '$ 10853', '$ 951', '$ 1370', '$ 2075', '$ 6457']]
* interest on variable rate debt was calculated using the interest rate at year-end 2017 .during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act .the expense is primarily related to the one-time transition tax , which is payable over eight years .as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance .as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million .we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required .therefore , these amounts have been excluded from the schedule of contractual obligations. .
|
-35.5%
| 1,251 | 4 |
5 |
what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2007 for the year of 2008 are due to maturities of long-term debt?
|
exchanged installment notes totaling approximately $ 4.8 billion and approximately $ 400 million of inter- national paper promissory notes for interests in enti- ties formed to monetize the notes .international paper determined that it was not the primary benefi- ciary of these entities , and therefore should not consolidate its investments in these entities .during 2006 , these entities acquired an additional $ 4.8 bil- lion of international paper debt securities for cash , resulting in a total of approximately $ 5.2 billion of international paper debt obligations held by these entities at december 31 , 2006 .since international paper has , and intends to affect , a legal right to offset its obligations under these debt instruments with its investments in the entities , international paper has offset $ 5.0 billion of interest in the entities against $ 5.0 billion of international paper debt obligations held by the entities as of december 31 , 2007 .international paper also holds variable interests in two financing entities that were used to monetize long-term notes received from sales of forestlands in 2002 and 2001 .see note 8 of the notes to consolidated financial statements in item 8 .financial statements and supplementary data for a further discussion of these transactions .capital resources outlook for 2008 international paper expects to be able to meet pro- jected capital expenditures , service existing debt and meet working capital and dividend requirements during 2008 through current cash balances and cash from operations , supplemented as required by its various existing credit facilities .international paper has approximately $ 2.5 billion of committed bank credit agreements , which management believes is adequate to cover expected operating cash flow variability during our industry 2019s economic cycles .the agreements generally provide for interest rates at a floating rate index plus a pre-determined margin dependent upon international paper 2019s credit rating .the agreements include a $ 1.5 billion fully commit- ted revolving bank credit agreement that expires in march 2011 and has a facility fee of 0.10% ( 0.10 % ) payable quarterly .these agreements also include up to $ 1.0 billion of available commercial paper-based financ- ings under a receivables securitization program that expires in october 2009 with a facility fee of 0.10% ( 0.10 % ) .at december 31 , 2007 , there were no borrowings under either the bank credit agreements or receiv- ables securitization program .the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows .funding decisions will be guided by our capi- tal structure planning objectives .the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense .the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors .the company was in compliance with all its debt covenants at december 31 , 2007 .principal financial covenants include maintenance of a minimum net worth , defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock , plus any goodwill impairment charges , of $ 9 billion ; and a maximum total debt to capital ratio , defined as total debt divided by total debt plus net worth , of 60% ( 60 % ) .maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy .at december 31 , 2007 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by standard & poor 2019s ( s&p ) and moody 2019s investor services ( moody 2019s ) , respectively .the company currently has short-term credit ratings by s&p and moody 2019s of a-2 and p-3 , respectively .contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2007 , were as follows : in millions 2008 2009 2010 2011 2012 thereafter maturities of long-term debt ( a ) $ 267 $ 1300 $ 1069 $ 396 $ 532 $ 3056 debt obligations with right of offset ( b ) 2013 2013 2013 2013 2013 5000 .
[['in millions', '2008', '2009', '2010', '2011', '2012', 'thereafter'], ['maturities of long-term debt ( a )', '$ 267', '$ 1300', '$ 1069', '$ 396', '$ 532', '$ 3056'], ['debt obligations with right of offset ( b )', '2013', '2013', '2013', '2013', '2013', '5000'], ['lease obligations', '136', '116', '101', '84', '67', '92'], ['purchase obligations ( c )', '1953', '294', '261', '235', '212', '1480'], ['total ( d )', '$ 2356', '$ 1710', '$ 1431', '$ 715', '$ 811', '$ 9628']]
( a ) total debt includes scheduled principal payments only .( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to affect , a legal right to offset these obligations with investments held in the entities .accordingly , in its con- solidated balance sheet at december 31 , 2007 , international paper has offset approximately $ 5.0 billion of interests in the entities against this $ 5.0 billion of debt obligations held by the entities ( see note 8 in the accompanying consolidated financial statements ) .( c ) includes $ 2.1 billion relating to fiber supply agreements entered into at the time of the transformation plan forestland sales .( d ) not included in the above table are unrecognized tax benefits of approximately $ 280 million. .
|
11%
| 1,489 | 5 |
6 |
what is the percent of the sfas 158 adoption adjustments for the deferred taxes to the amount prior to the adjustments
|
part ii , item 8 20 .pension and other benefit plans adoption of sfas 158 in september 2006 , the financial accounting standards board issued sfas 158 ( employer 2019s accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no .87 , 88 , 106 and 132 ( r ) ) .sfas 158 required schlumberger to recognize the funded status ( i.e. , the difference between the fair value of plan assets and the benefit obligation ) of its defined benefit pension and other postretirement plans ( collectively 201cpostretirement benefit plans 201d ) in its december 31 , 2006 consolidated balance sheet , with a corresponding adjustment to accumulated other comprehensive income , net of tax .the adjustment to accumulated other comprehensive income at adoption represents the net unrecognized actuarial losses and unrecognized prior service costs which were previously netted against schlumberger 2019s postretirement benefit plans 2019 funded status in the consolidated balance sheet pursuant to the provisions of sfas 87 ( employers 2019 accounting for pensions ) and sfas 106 ( employer 2019s accounting for postretirement benefits other than pensions ) .these amounts will subsequently be recognized as net periodic postretirement cost consistent with schlumberger 2019s historical accounting policy for amortizing such amounts .the adoption of sfas 158 had no effect on schlumberger 2019s consolidated statement of income for the year ended december 31 , 2006 , or for any prior period , and it will not affect schlumberger 2019s operating results in future periods .additionally , sfas 158 did not have an effect on schlumberger 2019s consolidated balance sheet at december 31 , sfas 158 also required companies to measure the fair value of plan assets and benefit obligations as of the date of the fiscal year-end balance sheet .this provision of sfas 158 is not applicable as schlumberger already uses a measurement date of december 31 for its postretirement benefit plans .the incremental effect of applying sfas 158 on the consolidated balance sheet at december 31 , 2006 for all of schlumberger 2019s postretirement benefit plans is presented in the following table : ( stated in millions ) prior to application of sfas 158 sfas 158 adoption adjustments application of sfas 158 .
[['', 'prior to application of sfas 158', 'sfas 158 adoption adjustments', 'after application of sfas 158'], ['deferred taxes ( current )', '$ 191', '$ -28 ( 28 )', '$ 163'], ['deferred taxes ( long-term )', '$ 186', '$ 227', '$ 413'], ['other assets', '$ 416', '$ -243 ( 243 )', '$ 173'], ['accounts payable and accrued liabilities', '$ 3925', '$ -77 ( 77 )', '$ 3848'], ['postretirement benefits', '$ 713', '$ 323', '$ 1036'], ['accumulated other comprehensive loss', '$ -879 ( 879 )', '$ -290 ( 290 )', '$ -1169 ( 1169 )']]
as a result of the adoption of sfas 158 , schlumberger 2019s total liabilities increased by approximately 2% ( 2 % ) and stockholders 2019 equity decreased by approximately 3% ( 3 % ) .the impact on schlumberger 2019s total assets was insignificant .united states defined benefit pension plans schlumberger and its united states subsidiary sponsor several defined benefit pension plans that cover substantially all employees hired prior to october 1 , 2004 .the benefits are based on years of service and compensation on a career-average pay basis .the funding policy with respect to qualified pension plans is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability , amounts that are deductible for income tax purposes , legal funding requirements and available cash flow .these contributions are intended to provide for benefits earned to date and those expected to be earned in the future. .
|
14.7%
| 1,020 | 6 |
7 |
what was the ratio of the net terminations of structured notes to the decrease in long-term debt
|
the significant changes from december 31 , 2008 to december 31 , 2009 in level 3 assets and liabilities are due to : a net decrease in trading securities of $ 10.8 billion that was driven by : 2022 net transfers of $ 6.5 billion , due mainly to the transfer of debt 2013 securities from level 3 to level 2 due to increased liquidity and pricing transparency ; and net settlements of $ 5.8 billion , due primarily to the liquidations of 2013 subprime securities of $ 4.1 billion .the change in net trading derivatives driven by : 2022 a net loss of $ 4.9 billion relating to complex derivative contracts , 2013 such as those linked to credit , equity and commodity exposures .these losses include both realized and unrealized losses during 2009 and are partially offset by gains recognized in instruments that have been classified in levels 1 and 2 ; and net increase in derivative assets of $ 4.3 billion , which includes cash 2013 settlements of derivative contracts in an unrealized loss position , notably those linked to subprime exposures .the decrease in level 3 investments of $ 6.9 billion primarily 2022 resulted from : a reduction of $ 5.0 billion , due mainly to paydowns on debt 2013 securities and sales of private equity investments ; the net transfer of investment securities from level 3 to level 2 2013 of $ 1.5 billion , due to increased availability of observable pricing inputs ; and net losses recognized of $ 0.4 billion due mainly to losses on non- 2013 marketable equity securities including write-downs on private equity investments .the decrease in securities sold under agreements to repurchase of 2022 $ 9.1 billion is driven by a $ 8.6 billion net transfers from level 3 to level 2 as effective maturity dates on structured repos have shortened .the decrease in long-term debt of $ 1.5 billion is driven mainly by 2022 $ 1.3 billion of net terminations of structured notes .transfers between level 1 and level 2 of the fair value hierarchy the company did not have any significant transfers of assets or liabilities between levels 1 and 2 of the fair value hierarchy during 2010 .items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above .these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment .in addition , these assets include loans held-for-sale that are measured at locom that were recognized at fair value below cost at the end of the period .the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices .such loans are generally classified as level 2 of the fair value hierarchy given the level of activity in the market and the frequency of available quotes .if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan .the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2010 and 2009 : in billions of dollars aggregate cost fair value level 2 level 3 .
[['in billions of dollars', 'aggregate cost', 'fair value', 'level 2', 'level 3'], ['december 31 2010', '$ 3.1', '$ 2.5', '$ 0.7', '$ 1.8'], ['december 31 2009', '$ 2.5', '$ 1.6', '$ 0.3', '$ 1.3']]
.
|
0.86
| 858 | 7 |
8 |
what is the yearly amortization expense related acquired technology?
|
reach in the united states , adding a 1400-person direct sales force , over 300000 merchants and $ 130 billion in annual payments volume .goodwill of $ 3.2 billion arising from the merger , included in the north america segment , was attributable to expected growth opportunities , potential synergies from combining our existing businesses and an assembled workforce , and is not deductible for income tax purposes .due to the timing of our merger with heartland , we are still in the process of assigning goodwill to our reporting units .during the year ended may 31 , 2016 , we incurred transaction costs in connection with the merger of $ 24.4 million , which are recorded in selling , general and administrative expenses in the consolidated statements of income .the following reflects the preliminary estimated fair values of the identified intangible assets ( in thousands ) : .
[['customer-related intangible assets', '$ 977400'], ['acquired technology', '457000'], ['trademarks and trade names', '176000'], ['covenants-not-to-compete', '28640'], ['total estimated acquired intangible assets', '$ 1639040']]
the preliminary estimated fair value of customer-related intangible assets was determined using the income approach , which is based on projected cash flows discounted to their present value using discount rates that consider the timing and risk of the forecasted cash flows .the discount rate used is the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics .other significant assumptions include terminal value margin rates , future capital expenditures and future working capital requirements .acquired technology was valued using the replacement cost method , which required us to estimate the cost to construct an asset of equivalent utility at prices available at the time of the valuation analysis , with adjustments in value for physical deterioration and functional and economic obsolescence .trademarks and trade names were valued using the relief-from-royalty approach .this method assumes that trade marks and trade names have value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them .this method required us to estimate the future revenue for the related brands , the appropriate royalty rate and the weighted-average cost of capital .the discount rate used is the average estimated value of a market participant 2019s cost of capital and debt , derived using customary market metrics .the weighted-average estimated amortization period for the total estimated acquired intangible assets is approximately 11 years .the customer-related intangible assets have an estimated amortization period range of 7-20 years .the acquired technology has an estimated amortization period of 5 years .the trademarks and trade names have an estimated amortization period of 7 years .covenants-not-to-compete have an estimated amortization period range of 1-4 years .heartland 2019s revenues and operating income represented approximately 4% ( 4 % ) and less than 0.5% ( 0.5 % ) of our total consolidated revenues and operating income , respectively , for the year ended may 31 , 2016 .the following unaudited pro forma information shows the results of our operations for the years ended may 31 , 2016 and may 31 , 2015 as if our merger with heartland had occurred on june 1 , 2014 .the unaudited pro forma information reflects the effects of applying our accounting policies and certain pro forma adjustments to the combined historical financial information of global payments and heartland .the pro forma adjustments include incremental amortization and depreciation expense , incremental interest expense associated with new long-term debt , a reduction of revenues and operating expenses associated with fair value adjustments made in applying the acquisition-method of accounting and the elimination of nonrecurring transaction costs directly related to the merger .global payments inc .| 2016 form 10-k annual report 2013 67 .
|
91400.0
| 864 | 8 |
9 |
what percent did purchase issuances and settlements increase from year ended 2009 to year ended 2010?
|
notes to the consolidated financial statements non-financial assets and liabilities measured at fair value on a non-recurring basis during 2009 , we classified the atlantic star as held for sale and recognized a charge of $ 7.1 million to reduce the carrying value of the ship to its fair value less cost to sell based on a firm offer received during 2009 .this amount was recorded within other operating expenses in our consolidated statement of operations .we determined the fair market value of the atlantic star as of december 31 , 2010 based on comparable ship sales adjusted for the condition , age and size of the ship .we have categorized these inputs as level 3 because they are largely based on our own assump- tions .as of december 31 , 2010 , the carrying amount of the atlantic star which we still believe represents its fair value was $ 46.4 million .the following table presents a reconciliation of the company 2019s fuel call options 2019 beginning and ending balances as follows ( in thousands ) : fair value fair value measurements measurements using significant using significant unobservable unobservable year ended december 31 , 2010 inputs ( level 3 ) year ended december 31 , 2009 inputs ( level 3 ) fuel call options fuel call options balance at january 1 , 2010 $ 9998 balance at january 1 , 2009 $ 2007 2007 2007 2007 2014 total gains or losses ( realized/ unrealized ) total gains or losses ( realized/ unrealized ) .
[['year ended december 31 2010 balance at january 1 2010', 'fairvalue measurements using significant unobservable inputs ( level 3 ) fuel call options $ 9998', 'year ended december 31 2009 balance at january 1 2009', 'fairvalue measurements using significant unobservable inputs ( level 3 ) fuel call options $ 2014'], ['total gains or losses ( realized /unrealized )', '', 'total gains or losses ( realized /unrealized )', ''], ['included in other income ( expense )', '-2824 ( 2824 )', 'included in other income ( expense )', '-2538 ( 2538 )'], ['purchases issuances and settlements', '24539', 'purchases issuances and settlements', '12536'], ['transfers in and/or ( out ) of level 3', '-31713 ( 31713 )', 'transfers in and/or ( out ) of level 3', '2014'], ['balance at december 31 2010', '$ 2014', 'balance at december 31 2009', '$ 9998'], ['the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at thereporting date', '$ -2824 ( 2824 )', 'the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held atthe reporting date', '$ -2538 ( 2538 )']]
the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date $ ( 2824 ) the amount of total gains or losses for the period included in other income ( expense ) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date $ ( 2538 ) during the fourth quarter of 2010 , we changed our valuation technique for fuel call options to a market approach method which employs inputs that are observable .the fair value for fuel call options is determined by using the prevailing market price for the instruments consisting of published price quotes for similar assets based on recent transactions in an active market .we believe that level 2 categorization is appropriate due to an increase in the observability and transparency of significant inputs .previously , we derived the fair value of our fuel call options using standard option pricing models with inputs based on the options 2019 contract terms and data either readily available or formulated from public market informa- tion .the fuel call options were categorized as level 3 because certain inputs , principally volatility , were unobservable .net transfers in and/or out of level 3 are reported as having occurred at the end of the quarter in which the transfer occurred ; therefore , gains or losses reflected in the table above for 2010 include fourth quarter fuel call option gains or losses .the reported fair values are based on a variety of factors and assumptions .accordingly , the fair values may not represent actual values of the financial instru- ments and long-lived assets that could have been realized as of december 31 , 2010 or december 31 , 2009 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement .derivative instruments we are exposed to market risk attributable to changes in interest rates , foreign currency exchange rates and fuel prices .we manage these risks through a combi- nation of our normal operating and financing activities and through the use of derivative financial instruments pursuant to our hedging practices and policies .the financial impact of these hedging instruments is pri- marily offset by corresponding changes in the under- lying exposures being hedged .we achieve this by closely matching the amount , term and conditions of the derivative instrument with the underlying risk being hedged .we do not hold or issue derivative financial instruments for trading or other speculative purposes .we monitor our derivative positions using techniques including market valuations and sensitivity analyses. .
|
95.75%
| 1,317 | 9 |
10 |
based on the review of the activity between the company and the entities what was the ratio of the revenue to expense in 2013
|
is downgraded below a specified threshold , the new bank is required to provide credit support for its obligation .fees of $ 5 million were incurred in connection with this replacement .on november 29 , 2011 , standard and poor's reduced its credit rating of senior unsecured long-term debt of lloyds tsb bank plc , which issued letters of credit that support $ 1.2 billion of the timber notes , below the specified threshold .the letters of credit were successfully replaced by another qualifying institution .fees of $ 4 million were incurred in connection with this replacement .on january 23 , 2012 , standard and poor's reduced its credit rating of senior unsecured long-term debt of soci e9t e9 g e9n e9rale sa , which issued letters of credit that support $ 666 million of the timber notes , below the specified threshold .the letters of credit were successfully replaced by another qualifying institution .fees of $ 5 million were incurred in connection with this replacement .on june 21 , 2012 , moody's investor services reduced its credit rating of senior unsecured long-term debt of bnp paribas , which issued letters of credit that support $ 707 million of timber notes , below the specified threshold .on december 19 , 2012 , the company and the third-party managing member agreed to a continuing replacement waiver for these letters of credit , terminable upon 30 days notice .activity between the company and the entities was as follows: .
[['in millions', '2013', '2012', '2011'], ['revenue ( loss ) ( a )', '$ 45', '$ 49', '$ 49'], ['expense ( a )', '79', '90', '79'], ['cash receipts ( b )', '33', '36', '28'], ['cash payments ( c )', '84', '87', '79']]
( a ) the net expense related to the company 2019s interest in the entities is included in interest expense , net in the accompanying consolidated statement of operations , as international paper has and intends to effect its legal right to offset as discussed above .( b ) the cash receipts are equity distributions from the entities to international paper .( c ) the semi-annual payments are related to interest on the associated debt obligations discussed above .based on an analysis of the entities discussed above under guidance that considers the potential magnitude of the variability in the structures and which party has a controlling financial interest , international paper determined that it is not the primary beneficiary of the entities , and therefore , should not consolidate its investments in these entities .it was also determined that the source of variability in the structure is the value of the timber notes , the assets most significantly impacting the structure 2019s economic performance .the credit quality of the timber notes is supported by irrevocable letters of credit obtained by third-party buyers which are 100% ( 100 % ) cash collateralized .international paper analyzed which party has control over the economic performance of each entity , and concluded international paper does not have control over significant decisions surrounding the timber notes and letters of credit and therefore is not the primary beneficiary .the company 2019s maximum exposure to loss equals the value of the timber notes ; however , an analysis performed by the company concluded the likelihood of this exposure is remote .international paper also held variable interests in two financing entities that were used to monetize long-term notes received from the sale of forestlands in 2001 and 2002 .international paper transferred notes ( the monetized notes , with an original maturity of 10 years from inception ) and cash of approximately $ 1.0 billion to these entities in exchange for preferred interests , and accounted for the transfers as a sale of the notes with no associated gain or loss .in the same period , the entities acquired approximately $ 1.0 billion of international paper debt obligations for cash .international paper has no obligation to make any further capital contributions to these entities and did not provide any financial support that was not previously contractually required during the years ended december 31 , 2013 , 2012 or 2011 .the 2001 monetized notes of $ 499 million matured on march 16 , 2011 .following their maturity , international paper purchased the class a preferred interest in the 2001 financing entities from an external third-party for $ 21 million .as a result of the purchase , effective march 16 , 2011 , international paper owned 100% ( 100 % ) of the 2001 financing entities .based on an analysis performed by the company after the purchase , under guidance that considers the potential magnitude of the variability in the structure and which party has a controlling financial interest , international paper determined that it was the primary beneficiary of the 2001 financing entities and thus consolidated the entities effective march 16 , 2011 .effective april 30 , 2011 , international paper liquidated its interest in the 2001 financing entities .activity between the company and the 2001 financing entities during 2011 was immaterial. .
|
57%
| 1,165 | 10 |
11 |
what is the growth rate in net reserves in 2006?
|
development of prior year incurred losses was $ 135.6 million unfavorable in 2006 , $ 26.4 million favorable in 2005 and $ 249.4 million unfavorable in 2004 .such losses were the result of the reserve development noted above , as well as inher- ent uncertainty in establishing loss and lae reserves .reserves for asbestos and environmental losses and loss adjustment expenses as of year end 2006 , 7.4% ( 7.4 % ) of reserves reflect an estimate for the company 2019s ultimate liability for a&e claims for which ulti- mate value cannot be estimated using traditional reserving techniques .the company 2019s a&e liabilities stem from mt .mckinley 2019s direct insurance business and everest re 2019s assumed reinsurance business .there are significant uncertainties in estimating the amount of the company 2019s potential losses from a&e claims .see item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014asbestos and environmental exposures 201d and note 3 of notes to consolidated financial statements .mt .mckinley 2019s book of direct a&e exposed insurance is relatively small and homogenous .it also arises from a limited period , effective 1978 to 1984 .the book is based principally on excess liability policies , thereby limiting exposure analysis to a lim- ited number of policies and forms .as a result of this focused structure , the company believes that it is able to comprehen- sively analyze its exposures , allowing it to identify , analyze and actively monitor those claims which have unusual exposure , including policies in which it may be exposed to pay expenses in addition to policy limits or non-products asbestos claims .the company endeavors to be actively engaged with every insured account posing significant potential asbestos exposure to mt .mckinley .such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements .sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments .the company 2019s mt .mckinley operation is currently managing eight sip agreements , three of which were executed prior to the acquisition of mt .mckinley in 2000 .the company 2019s preference with respect to coverage settlements is to exe- cute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty .the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active .those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity .the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders , including those that may not have reported significant a&e losses .everest re 2019s book of assumed reinsurance is relatively concentrated within a modest number of a&e exposed relationships .it also arises from a limited period , effectively 1977 to 1984 .because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities .the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies .this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies .as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention .however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers .this furnished information is not always timely or accurate and can impact the accuracy and timeli- ness of the company 2019s ultimate loss projections .the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the years ended december 31: .
[['( dollars in millions )', '2006', '2005', '2004'], ['case reserves reported by ceding companies', '$ 135.6', '$ 125.2', '$ 148.5'], ['additional case reserves established by the company ( assumed reinsurance ) ( 1 )', '152.1', '157.6', '151.3'], ['case reserves established by the company ( direct insurance )', '213.7', '243.5', '272.1'], ['incurred but not reported reserves', '148.7', '123.3', '156.4'], ['gross reserves', '650.1', '649.6', '728.3'], ['reinsurance receivable', '-138.7 ( 138.7 )', '-199.1 ( 199.1 )', '-221.6 ( 221.6 )'], ['net reserves', '$ 511.4', '$ 450.5', '$ 506.7']]
( 1 ) additional reserves are case specific reserves determined by the company to be needed over and above those reported by the ceding company .81790fin_a 4/13/07 11:08 am page 15 .
|
13.5%
| 1,336 | 11 |
12 |
during 2016 what was the average price paid for the shares repurchased by the company?
|
edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 .employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded .the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value .the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2016 , are expected to be paid ( in millions ) : .
[['2017', '$ 4.5'], ['2018', '4.0'], ['2019', '4.0'], ['2020', '4.6'], ['2021', '4.5'], ['2021-2025', '44.6']]
as of december 31 , 2016 , expected employer contributions for 2017 are $ 6.1 million .defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified defined contribution plan .in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan .edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis .edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis .in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan .edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis .the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee .matching contributions relating to edwards lifesciences employees were $ 17.3 million , $ 15.3 million , and $ 12.8 million in 2016 , 2015 , and 2014 , respectively .the company also has nonqualified deferred compensation plans for a select group of employees .the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant .the amount accrued under these nonqualified plans was $ 46.7 million and $ 35.5 million at december 31 , 2016 and 2015 , respectively .13 .common stock treasury stock in july 2014 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock .in november 2016 , the board of directors approved a new stock repurchase program providing for an additional $ 1.0 billion of repurchases of our common stock .the repurchase programs do not have an expiration date .stock repurchased under these programs may be used to offset obligations under the company 2019s employee stock-based benefit programs and stock-based business acquisitions , and will reduce the total shares outstanding .during 2016 , 2015 , and 2014 , the company repurchased 7.3 million , 2.6 million , and 4.4 million shares , respectively , at an aggregate cost of $ 662.3 million , $ 280.1 million , and $ 300.9 million , respectively , including .
|
90.73
| 864 | 12 |
13 |
considering the years 2016-2018 , what is the average expense for the significant plans in the u.k.?
|
( 3 ) refer to note 2 201csummary of significant accounting principles and practices 201d for further information .13 .employee benefitsp y defined contribution savings plans aon maintains defined contribution savings plans for the benefit of its employees .the expense recognized for these plans is included in compensation and benefits in the consolidated statements of income .the expense for the significant plans in the u.s. , u.k. , netherlands and canada is as follows ( in millions ) : .
[['years ended december 31', '2018', '2017', '2016'], ['u.s .', '$ 98', '$ 105', '$ 121'], ['u.k .', '45', '43', '43'], ['netherlands and canada', '25', '25', '27'], ['total', '$ 168', '$ 173', '$ 191']]
pension and other postretirement benefits the company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement , medical , and life insurance benefits .the postretirement health care plans are contributory , with retiree contributions adjusted annually , and the aa life insurance and pension plans are generally noncontributory .the significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants. .
|
43.66
| 330 | 13 |
14 |
what percentage of total purchase price consideration was allocated to identifiable intangible assets?
|
synopsys , inc .notes to consolidated financial statements 2014 ( continued ) and other electronic applications markets .the company believes the acquisition will expand its technology portfolio , channel reach and total addressable market by adding complementary products and expertise for fpga solutions and rapid asic prototyping .purchase price .synopsys paid $ 8.00 per share for all outstanding shares including certain vested options of synplicity for an aggregate cash payment of $ 223.3 million .additionally , synopsys assumed certain employee stock options and restricted stock units , collectively called 201cstock awards . 201d the total purchase consideration consisted of: .
[['', '( in thousands )'], ['cash paid net of cash acquired', '$ 180618'], ['fair value of assumed vested or earned stock awards', '4169'], ['acquisition related costs', '8016'], ['total purchase price consideration', '$ 192803']]
acquisition related costs consist primarily of professional services , severance and employee related costs and facilities closure costs of which $ 6.8 million have been paid as of october 31 , 2009 .fair value of stock awards assumed .an aggregate of 4.7 million shares of synplicity stock options and restricted stock units were exchanged for synopsys stock options and restricted stock units at an exchange ratio of 0.3392 per share .the fair value of stock options assumed was determined using a black-scholes valuation model .the fair value of stock awards vested or earned of $ 4.2 million was included as part of the purchase price .the fair value of unvested awards of $ 5.0 million will be recorded as operating expense over the remaining service periods on a straight-line basis .purchase price allocation .the company allocated $ 80.0 million of the purchase price to identifiable intangible assets to be amortized over two to seven years .in-process research and development expense related to these acquisitions was $ 4.8 million .goodwill , representing the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired , was $ 120.3 million and will not be amortized .goodwill primarily resulted from the company 2019s expectation of cost synergies and sales growth from the integration of synplicity 2019s technology with the company 2019s technology and operations to provide an expansion of products and market reach .fiscal 2007 acquisitions during fiscal year 2007 , the company completed certain purchase acquisitions for cash .the company allocated the total purchase considerations of $ 54.8 million ( which included acquisition related costs of $ 1.4 million ) to the assets and liabilities acquired , including identifiable intangible assets , based on their respective fair values at the acquisition dates , resulting in aggregate goodwill of $ 36.6 million .acquired identifiable intangible assets of $ 14.3 million are being amortized over two to nine years .in-process research and development expense related to these acquisitions was $ 3.2 million. .
|
41%
| 682 | 14 |
15 |
what percent of total freight revenues was the chemicals group in 2008?
|
notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .1 .nature of operations operations and segmentation 2013 we are a class i railroad that operates in the united states .we have 32094 route miles , linking pacific coast and gulf coast ports with the midwest and eastern united states gateways and providing several corridors to key mexican gateways .we serve the western two- thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .although revenues are analyzed by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network .the following table provides revenue by commodity group : millions of dollars 2009 2008 2007 .
[['millions of dollars', '2009', '2008', '2007'], ['agricultural', '$ 2666', '$ 3174', '$ 2605'], ['automotive', '854', '1344', '1458'], ['chemicals', '2102', '2494', '2287'], ['energy', '3118', '3810', '3134'], ['industrial products', '2147', '3273', '3077'], ['intermodal', '2486', '3023', '2925'], ['total freight revenues', '$ 13373', '$ 17118', '$ 15486'], ['other revenues', '770', '852', '797'], ['total operating revenues', '$ 14143', '$ 17970', '$ 16283']]
although our revenues are principally derived from customers domiciled in the united states , the ultimate points of origination or destination for some products transported are outside the united states .basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the united states of america ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .subsequent events evaluation 2013 we evaluated the effects of all subsequent events through february 5 , 2010 , the date of this report , which is concurrent with the date we file this report with the u.s .securities and exchange commission ( sec ) .2 .significant accounting policies change in accounting principle 2013 we have historically accounted for rail grinding costs as a capital asset .beginning in the first quarter of 2010 , we will change our accounting policy for rail grinding costs .
|
15%
| 805 | 15 |
16 |
in 2019 , what percent of the total balance did tax positions taken in the current year amount to?
|
westrock company notes to consolidated financial statements 2014 ( continued ) consistent with prior years , we consider a portion of our earnings from certain foreign subsidiaries as subject to repatriation and we provide for taxes accordingly .however , we consider the unremitted earnings and all other outside basis differences from all other foreign subsidiaries to be indefinitely reinvested .accordingly , we have not provided for any taxes that would be due .as of september 30 , 2019 , we estimate our outside basis difference in foreign subsidiaries that are considered indefinitely reinvested to be approximately $ 1.6 billion .the components of the outside basis difference are comprised of purchase accounting adjustments , undistributed earnings , and equity components .except for the portion of our earnings from certain foreign subsidiaries where we provided for taxes , we have not provided for any taxes that would be due upon the reversal of the outside basis differences .however , in the event of a distribution in the form of dividends or dispositions of the subsidiaries , we may be subject to incremental u.s .income taxes , subject to an adjustment for foreign tax credits , and withholding taxes or income taxes payable to the foreign jurisdictions .as of september 30 , 2019 , the determination of the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis differences is not practicable .a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in millions ) : .
[['', '2019', '2018', '2017'], ['balance at beginning of fiscal year', '$ 127.1', '$ 148.9', '$ 166.8'], ['additions related to purchase accounting ( 1 )', '1.0', '3.4', '7.7'], ['additions for tax positions taken in current year ( 2 )', '103.8', '3.1', '5.0'], ['additions for tax positions taken in prior fiscal years', '1.8', '18.0', '15.2'], ['reductions for tax positions taken in prior fiscal years', '( 0.5 )', '( 5.3 )', '( 25.6 )'], ['reductions due to settlement ( 3 )', '( 4.0 )', '( 29.4 )', '( 14.1 )'], ['( reductions ) additions for currency translation adjustments', '-1.7 ( 1.7 )', '-9.6 ( 9.6 )', '2.0'], ['reductions as a result of a lapse of the applicable statute oflimitations', '( 3.2 )', '( 2.0 )', '( 8.1 )'], ['balance at end of fiscal year', '$ 224.3', '$ 127.1', '$ 148.9']]
( 1 ) amounts in fiscal 2019 relate to the kapstone acquisition .amounts in fiscal 2018 and 2017 relate to the mps acquisition .( 2 ) additions for tax positions taken in current fiscal year includes primarily positions taken related to foreign subsidiaries .( 3 ) amounts in fiscal 2019 relate to the settlements of state and foreign audit examinations .amounts in fiscal 2018 relate to the settlement of state audit examinations and federal and state amended returns filed related to affirmative adjustments for which there was a reserve .amounts in fiscal 2017 relate to the settlement of federal and state audit examinations with taxing authorities .as of september 30 , 2019 and 2018 , the total amount of unrecognized tax benefits was approximately $ 224.3 million and $ 127.1 million , respectively , exclusive of interest and penalties .of these balances , as of september 30 , 2019 and 2018 , if we were to prevail on all unrecognized tax benefits recorded , approximately $ 207.5 million and $ 108.7 million , respectively , would benefit the effective tax rate .we regularly evaluate , assess and adjust the related liabilities in light of changing facts and circumstances , which could cause the effective tax rate to fluctuate from period to period .resolution of the uncertain tax positions could have a material adverse effect on our cash flows or materially benefit our results of operations in future periods depending upon their ultimate resolution .see 201cnote 18 .commitments and contingencies 2014 brazil tax liability 201d we recognize estimated interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of income .as of september 30 , 2019 , we had liabilities of $ 80.0 million related to estimated interest and penalties for unrecognized tax benefits .as of september 30 , 2018 , we had liabilities of $ 70.4 million , related to estimated interest and penalties for unrecognized tax benefits .our results of operations for the fiscal year ended september 30 , 2019 , 2018 and 2017 include expense of $ 9.7 million , $ 5.8 million and $ 7.4 million , respectively , net of indirect benefits , related to estimated interest and penalties with respect to the liability for unrecognized tax benefits .as of september 30 , 2019 , it is reasonably possible that our unrecognized tax benefits will decrease by up to $ 8.7 million in the next twelve months due to expiration of various statues of limitations and settlement of issues. .
|
46.28%
| 1,232 | 16 |
17 |
what percentage of total purchase allocation is goodwill?
|
synopsys , inc .notes to consolidated financial statements 2014continued the aggregate purchase price consideration was approximately us$ 417.0 million .as of october 31 , 2012 , the total purchase consideration and the preliminary purchase price allocation were as follows: .
[['', '( in thousands )'], ['cash paid', '$ 373519'], ['fair value of shares to be acquired through a follow-on merger', '34054'], ['fair value of equity awards allocated to purchase consideration', '9383'], ['total purchase consideration', '$ 416956'], ['goodwill', '247482'], ['identifiable intangibles assets acquired', '108867'], ['cash and other assets acquired', '137222'], ['liabilities assumed', '-76615 ( 76615 )'], ['total purchase allocation', '$ 416956']]
goodwill of $ 247.5 million , which is generally not deductible for tax purposes , primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of springsoft 2019s technology and operations with the company 2019s technology and operations .identifiable intangible assets , consisting primarily of technology , customer relationships , backlog and trademarks , were valued using the income method , and are being amortized over three to eight years .acquisition-related costs directly attributable to the business combination were $ 6.6 million for fiscal 2012 and were expensed as incurred in the consolidated statements of operations .these costs consisted primarily of employee separation costs and professional services .fair value of equity awards : pursuant to the merger agreement , the company assumed all the unvested outstanding stock options of springsoft upon the completion of the merger and the vested options were exchanged for cash in the merger .on october 1 , 2012 , the date of the completion of the tender offer , the fair value of the awards to be assumed and exchanged was $ 9.9 million , calculated using the black-scholes option pricing model .the black-scholes option-pricing model incorporates various subjective assumptions including expected volatility , expected term and risk-free interest rates .the expected volatility was estimated by a combination of implied and historical stock price volatility of the options .non-controlling interest : non-controlling interest represents the fair value of the 8.4% ( 8.4 % ) of outstanding springsoft shares that were not acquired during the tender offer process completed on october 1 , 2012 and the fair value of the option awards that were to be assumed or exchanged for cash upon the follow-on merger .the fair value of the non-controlling interest included as part of the aggregate purchase consideration was $ 42.8 million and is disclosed as a separate line in the october 31 , 2012 consolidated statements of stockholders 2019 equity .during the period between the completion of the tender offer and the end of the company 2019s fiscal year on october 31 , 2012 , the non-controlling interest was adjusted by $ 0.5 million to reflect the non-controlling interest 2019s share of the operating loss of springsoft in that period .as the amount is not significant , it has been included as part of other income ( expense ) , net , in the consolidated statements of operations. .
|
59%
| 757 | 17 |
18 |
what is the percentage change in accrued interest liability from 2015 to 2016?
|
new term loan a facility , with the remaining unpaid principal amount of loans under the new term loan a facility due and payable in full at maturity on june 6 , 2021 .principal amounts outstanding under the new revolving loan facility are due and payable in full at maturity on june 6 , 2021 , subject to earlier repayment pursuant to the springing maturity date described above .in addition to paying interest on outstanding principal under the borrowings , we are obligated to pay a quarterly commitment fee at a rate determined by reference to a total leverage ratio , with a maximum commitment fee of 40% ( 40 % ) of the applicable margin for eurocurrency loans .in july 2016 , breakaway four , ltd. , as borrower , and nclc , as guarantor , entered into a supplemental agreement , which amended the breakaway four loan to , among other things , increase the aggregate principal amount of commitments under the multi-draw term loan credit facility from 20ac590.5 million to 20ac729.9 million .in june 2016 , we took delivery of seven seas explorer .to finance the payment due upon delivery , we had export credit financing in place for 80% ( 80 % ) of the contract price .the associated $ 373.6 million term loan bears interest at 3.43% ( 3.43 % ) with a maturity date of june 30 , 2028 .principal and interest payments shall be paid semiannually .in december 2016 , nclc issued $ 700.0 million aggregate principal amount of 4.750% ( 4.750 % ) senior unsecured notes due december 2021 ( the 201cnotes 201d ) in a private offering ( the 201coffering 201d ) at par .nclc used the net proceeds from the offering , after deducting the initial purchasers 2019 discount and estimated fees and expenses , together with cash on hand , to purchase its outstanding 5.25% ( 5.25 % ) senior notes due 2019 having an aggregate outstanding principal amount of $ 680 million .the redemption of the 5.25% ( 5.25 % ) senior notes due 2019 was completed in january 2017 .nclc will pay interest on the notes at 4.750% ( 4.750 % ) per annum , semiannually on june 15 and december 15 of each year , commencing on june 15 , 2017 , to holders of record at the close of business on the immediately preceding june 1 and december 1 , respectively .nclc may redeem the notes , in whole or part , at any time prior to december 15 , 2018 , at a price equal to 100% ( 100 % ) of the principal amount of the notes redeemed plus accrued and unpaid interest to , but not including , the redemption date and a 201cmake-whole premium . 201d nclc may redeem the notes , in whole or in part , on or after december 15 , 2018 , at the redemption prices set forth in the indenture governing the notes .at any time ( which may be more than once ) on or prior to december 15 , 2018 , nclc may choose to redeem up to 40% ( 40 % ) of the aggregate principal amount of the notes at a redemption price equal to 104.750% ( 104.750 % ) of the face amount thereof with an amount equal to the net proceeds of one or more equity offerings , so long as at least 60% ( 60 % ) of the aggregate principal amount of the notes issued remains outstanding following such redemption .the indenture governing the notes contains covenants that limit nclc 2019s ability ( and its restricted subsidiaries 2019 ability ) to , among other things : ( i ) incur or guarantee additional indebtedness or issue certain preferred shares ; ( ii ) pay dividends and make certain other restricted payments ; ( iii ) create restrictions on the payment of dividends or other distributions to nclc from its restricted subsidiaries ; ( iv ) create liens on certain assets to secure debt ; ( v ) make certain investments ; ( vi ) engage in transactions with affiliates ; ( vii ) engage in sales of assets and subsidiary stock ; and ( viii ) transfer all or substantially all of its assets or enter into merger or consolidation transactions .the indenture governing the notes also provides for events of default , which , if any of them occurs , would permit or require the principal , premium ( if any ) , interest and other monetary obligations on all of the then-outstanding notes to become due and payable immediately .interest expense , net for the year ended december 31 , 2016 was $ 276.9 million which included $ 34.7 million of amortization of deferred financing fees and a $ 27.7 million loss on extinguishment of debt .interest expense , net for the year ended december 31 , 2015 was $ 221.9 million which included $ 36.7 million of amortization of deferred financing fees and a $ 12.7 million loss on extinguishment of debt .interest expense , net for the year ended december 31 , 2014 was $ 151.8 million which included $ 32.3 million of amortization of deferred financing fees and $ 15.4 million of expenses related to financing transactions in connection with the acquisition of prestige .certain of our debt agreements contain covenants that , among other things , require us to maintain a minimum level of liquidity , as well as limit our net funded debt-to-capital ratio , maintain certain other ratios and restrict our ability to pay dividends .substantially all of our ships and other property and equipment are pledged as collateral for certain of our debt .we believe we were in compliance with these covenants as of december 31 , 2016 .the following are scheduled principal repayments on long-term debt including capital lease obligations as of december 31 , 2016 for each of the next five years ( in thousands ) : .
[['year', 'amount'], ['2017', '$ 560193'], ['2018', '554846'], ['2019', '561687'], ['2020', '1153733'], ['2021', '2193823'], ['thereafter', '1490322'], ['total', '$ 6514604']]
we had an accrued interest liability of $ 32.5 million and $ 34.2 million as of december 31 , 2016 and 2015 , respectively. .
|
-5.0%
| 1,566 | 18 |
19 |
what was the ratio of the 25 basis point decrease in discount rate to the expected return on assets expense in 2012
|
discount rate 2014the assumed discount rate is used to determine the current retirement related benefit plan expense and obligations , and represents the interest rate that is used to determine the present value of future cash flows currently expected to be required to effectively settle a plan 2019s benefit obligations .the discount rate assumption is determined for each plan by constructing a portfolio of high quality bonds with cash flows that match the estimated outflows for future benefit payments to determine a single equivalent discount rate .benefit payments are not only contingent on the terms of a plan , but also on the underlying participant demographics , including current age , and assumed mortality .we use only bonds that are denominated in u.s .dollars , rated aa or better by two of three nationally recognized statistical rating agencies , have a minimum outstanding issue of $ 50 million as of the measurement date , and are not callable , convertible , or index linked .since bond yields are generally unavailable beyond 30 years , we assume those rates will remain constant beyond that point .taking into consideration the factors noted above , our weighted average discount rate for pensions was 5.23% ( 5.23 % ) and 5.84% ( 5.84 % ) , as of december 31 , 2011 and 2010 , respectively .our weighted average discount rate for other postretirement benefits was 4.94% ( 4.94 % ) and 5.58% ( 5.58 % ) as of december 31 , 2011 and 2010 , respectively .expected long-term rate of return 2014the expected long-term rate of return on assets is used to calculate net periodic expense , and is based on such factors as historical returns , targeted asset allocations , investment policy , duration , expected future long-term performance of individual asset classes , inflation trends , portfolio volatility , and risk management strategies .while studies are helpful in understanding current trends and performance , the assumption is based more on longer term and prospective views .in order to reflect expected lower future market returns , we have reduced the expected long-term rate of return assumption from 8.50% ( 8.50 % ) , used to record 2011 expense , to 8.00% ( 8.00 % ) for 2012 .the decrease in the expected return on assets assumption is primarily related to lower bond yields and updated return assumptions for equities .unless plan assets and benefit obligations are subject to remeasurement during the year , the expected return on pension assets is based on the fair value of plan assets at the beginning of the year .an increase or decrease of 25 basis points in the discount rate and the expected long-term rate of return assumptions would have had the following approximate impacts on pensions : ( $ in millions ) increase ( decrease ) in 2012 expense increase ( decrease ) in december 31 , 2011 obligations .
[['( $ in millions )', 'increase ( decrease ) in 2012 expense', 'increase ( decrease ) in december 31 2011 obligations'], ['25 basis point decrease in discount rate', '$ 18', '$ 146'], ['25 basis point increase in discount rate', '-17 ( 17 )', '-154 ( 154 )'], ['25 basis point decrease in expected return on assets', '8', 'n.a .'], ['25 basis point increase in expected return on assets', '-8 ( 8 )', 'n.a .']]
differences arising from actual experience or changes in assumptions might materially affect retirement related benefit plan obligations and the funded status .actuarial gains and losses arising from differences from actual experience or changes in assumptions are deferred in accumulated other comprehensive income .this unrecognized amount is amortized to the extent it exceeds 10% ( 10 % ) of the greater of the plan 2019s benefit obligation or plan assets .the amortization period for actuarial gains and losses is the estimated average remaining service life of the plan participants , which is approximately 10 years .cas expense 2014in addition to providing the methodology for calculating retirement related benefit plan costs , cas also prescribes the method for assigning those costs to specific periods .while the ultimate liability for such costs under fas and cas is similar , the pattern of cost recognition is different .the key drivers of cas pension expense include the funded status and the method used to calculate cas reimbursement for each of our plans as well as our expected long-term rate of return on assets assumption .unlike fas , cas requires the discount rate to be consistent with the expected long-term rate of return on assets assumption , which changes infrequently given its long-term nature .as a result , changes in bond or other interest rates generally do not impact cas .in addition , unlike under fas , we can only allocate pension costs for a plan under cas until such plan is fully funded as determined under erisa requirements .other fas and cas considerations 2014we update our estimates of future fas and cas costs at least annually based on factors such as calendar year actual plan asset returns , final census data from the end of the prior year , and other actual and projected experience .a key driver of the difference between fas and cas expense ( and consequently , the fas/cas adjustment ) is the pattern of earnings and expense recognition for gains and losses that arise when our asset and liability experiences differ from our assumptions under each set of requirements .under fas , our net gains and losses exceeding the 10% ( 10 % ) corridor are amortized .
|
2.25
| 1,213 | 19 |
20 |
what percent of future minimum lease payments are projected to be paid off in 2016?
|
table of contents finance lease obligations the company has a non-cancelable lease agreement for a building with approximately 164000 square feet located in alajuela , costa rica , to be used as a manufacturing and office facility .the company was responsible for a significant portion of the construction costs , and in accordance with asc 840 , leases , subsection 40-15-5 , the company was deemed to be the owner of the building during the construction period .the building was completed in fiscal 2008 , and the company has recorded the fair market value of the building and land of $ 15.1 million within property and equipment on its consolidated balance sheets .at september 24 , 2011 , the company has recorded $ 1.6 million in accrued expenses and $ 16.9 million in other long-term liabilities related to this obligation in the consolidated balance sheet .the term of the lease , which commenced in may 2008 , is for a period of approximately ten years with the option to extend for two consecutive 5-year terms .at the completion of the construction period , the company reviewed the lease for potential sale-leaseback treatment in accordance with asc 840 , subsection 40 , sale-leaseback transactions .based on its analysis , the company determined that the lease did not qualify for sale-leaseback treatment .therefore , the building , leasehold improvements and associated liabilities remain on the company 2019s financial statements throughout the lease term , and the building and leasehold improvements are being depreciated on a straight line basis over their estimated useful lives of 35 years .future minimum lease payments , including principal and interest , under this lease were as follows at september 24 , 2011: .
[['fiscal 2012', '$ 1616'], ['fiscal 2013', '1672'], ['fiscal 2014', '1731'], ['fiscal 2015', '1791'], ['fiscal 2016', '1854'], ['thereafter', '3643'], ['total minimum payments', '12307'], ['less-amount representing interest', '-4017 ( 4017 )'], ['total', '$ 8290']]
the company also has to a non-cancelable lease agreement for a building with approximately 146000 square feet located in marlborough , massachusetts , to be principally used as an additional manufacturing facility .as part of the lease agreement , the lessor agreed to allow the company to make significant renovations to the facility to prepare the facility for the company 2019s manufacturing needs .the company was responsible for a significant amount of the construction costs and therefore in accordance with asc 840-40-15-5 was deemed to be the owner of the building during the construction period .the $ 13.2 million fair market value of the facility is included within property and equipment on the consolidated balance sheet .at september 24 , 2011 , the company has recorded $ 1.0 million in accrued expenses and $ 15.9 million in other long-term liabilities related to this obligation in the consolidated balance sheet .the term of the lease is for a period of approximately 12 years commencing on november 14 , 2006 with the option to extend for two consecutive 5-year terms .based on its asc 840-40 analysis , the company determined that the lease did not qualify for sale-leaseback treatment .therefore , the improvements and associated liabilities will remain on the company 2019s financial statements throughout the lease term , and the leasehold improvements are being depreciated on a straight line basis over their estimated useful lives of up to 35 years .source : hologic inc , 10-k , november 23 , 2011 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely .the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law .past financial performance is no guarantee of future results. .
|
22.4%
| 954 | 20 |
21 |
how much of the additional costs from the california state coastal conservancy is awk expected to collect in 2015?
|
the authorized costs of $ 76 are to be recovered via a surcharge over a twenty-year period beginning october 2012 .surcharges collected as of december 31 , 2015 and 2014 were $ 4 and $ 5 , respectively .in addition to the authorized costs , the company expects to incur additional costs totaling $ 34 , which will be recovered from contributions made by the california state coastal conservancy .contributions collected as of december 31 , 2015 and 2014 were $ 8 and $ 5 , respectively .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 .debt expense is amortized over the lives of the respective issues .call premiums on the redemption of long- term debt , as well as unamortized debt expense , are deferred and amortized to the extent they will be recovered through future service rates .purchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the company 2019s california subsidiary during 2002 , and acquisitions in 2007 by the company 2019s new jersey subsidiary .as authorized for recovery by the california and new jersey pucs , these costs are being amortized to depreciation and amortization in the consolidated statements of operations through november 2048 .tank painting costs are generally deferred and amortized to operations and maintenance expense in the consolidated statements of operations on a straight-line basis over periods ranging from five to fifteen years , as authorized by the regulatory authorities in their determination of rates charged for service .other regulatory assets include certain deferred business transformation costs , construction costs for treatment facilities , property tax stabilization , employee-related costs , business services project expenses , coastal water project costs , rate case expenditures and environmental remediation costs among others .these costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods .regulatory liabilities the regulatory liabilities generally represent probable future reductions in revenues associated with amounts that are to be credited or refunded to customers through the rate-making process .the following table summarizes the composition of regulatory liabilities as of december 31: .
[['', '2015', '2014'], ['removal costs recovered through rates', '$ 311', '$ 301'], ['pension and other postretirement benefitbalancing accounts', '59', '54'], ['other', '32', '37'], ['total regulatory liabilities', '$ 402', '$ 392']]
removal costs recovered through rates are estimated costs to retire assets at the end of their expected useful life that are recovered through customer rates over the life of the associated assets .in december 2008 , the company 2019s subsidiary in new jersey , at the direction of the new jersey puc , began to depreciate $ 48 of the total balance into depreciation and amortization expense in the consolidated statements of operations via straight line amortization through november 2048 .pension and other postretirement benefit balancing accounts represent the difference between costs incurred and costs authorized by the puc 2019s that are expected to be refunded to customers. .
|
24%
| 733 | 21 |
22 |
what was the percentage change in net gains ( losses ) realized on fund dispositions between 2007 and 2008?
|
investment advisory revenues earned on the other investment portfolios that we manage decreased $ 3.6 million to $ 522.2 million .average assets in these portfolios were $ 142.1 billion during 2008 , up slightly from $ 141.4 billion in 2007 .these minor changes , each less than 1% ( 1 % ) , are attributable to the timing of declining equity market valuations and cash flows among our separate account and sub-advised portfolios .net inflows , primarily from institutional investors , were $ 13.2 billion during 2008 , including the $ 1.3 billion transferred from the retirement funds to target-date trusts .decreases in market valuations , net of income , lowered our assets under management in these portfolios by $ 55.3 billion during 2008 .administrative fees increased $ 5.8 million to $ 353.9 million , primarily from increased costs of servicing activities for the mutual funds and their investors .changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors .our largest expense , compensation and related costs , increased $ 18.4 million or 2.3% ( 2.3 % ) from 2007 .this increase includes $ 37.2 million in salaries resulting from an 8.4% ( 8.4 % ) increase in our average staff count and an increase of our associates 2019 base salaries at the beginning of the year .at december 31 , 2008 , we employed 5385 associates , up 6.0% ( 6.0 % ) from the end of 2007 , primarily to add capabilities and support increased volume-related activities and other growth over the past few years .over the course of 2008 , we slowed the growth of our associate base from earlier plans and the prior year .we do not expect the number of our associates to increase in 2009 .we also reduced our annual bonuses $ 27.6 million versus the 2007 year in response to recent and ongoing unfavorable financial market conditions that negatively impacted our operating results .the balance of the increase is attributable to higher employee benefits and employment- related expenses , including an increase of $ 5.7 million in stock-based compensation .entering 2009 , we did not increase the salaries of our highest paid associates .after higher spending during the first quarter of 2008 versus 2007 , investor sentiment in the uncertain and volatile market environment caused us to reduce advertising and promotion spending , which for the year was down $ 3.8 million from 2007 .we expect to reduce these expenditures for 2009 versus 2008 , and estimate that spending in the first quarter of 2009 will be down about $ 5 million from the fourth quarter of 2008 .we vary our level of spending based on market conditions and investor demand as well as our efforts to expand our investor base in the united states and abroad .occupancy and facility costs together with depreciation expense increased $ 18 million , or 12% ( 12 % ) compared to 2007 .we have been expanding and renovating our facilities to accommodate the growth in our associates to meet business demands .other operating expenses were up $ 3.3 million from 2007 .we increased our spending $ 9.8 million , primarily for professional fees and information and other third-party services .reductions in travel and charitable contributions partially offset these increases .our non-operating investment activity resulted in a net loss of $ 52.3 million in 2008 as compared to a net gain of $ 80.4 million in 2007 .this change of $ 132.7 million is primarily attributable to losses recognized in 2008 on our investments in sponsored mutual funds , which resulted from declines in financial market values during the year. .
[['', '2007', '2008', 'change'], ['capital gain distributions received', '$ 22.1', '$ 5.6', '$ -16.5 ( 16.5 )'], ['other than temporary impairments recognized', '-.3 ( .3 )', '-91.3 ( 91.3 )', '-91.0 ( 91.0 )'], ['net gains ( losses ) realized on funddispositions', '5.5', '-4.5 ( 4.5 )', '-10.0 ( 10.0 )'], ['net gain ( loss ) recognized on fund holdings', '$ 27.3', '$ -90.2 ( 90.2 )', '$ -117.5 ( 117.5 )']]
we recognized other than temporary impairments of our investments in sponsored mutual funds because of declines in fair value below cost for an extended period .the significant declines in fair value below cost that occurred in 2008 were generally attributable to the adverse and ongoing market conditions discussed in the background section on page 18 of this report .see also the discussion on page 24 of critical accounting policies for other than temporary impairments of available-for-sale securities .in addition , income from money market and bond fund holdings was $ 19.3 million lower than in 2007 due to the significantly lower interest rate environment of 2008 .lower interest rates also led to substantial capital appreciation on our $ 40 million holding of u.s .treasury notes that we sold in december 2008 at a $ 2.6 million gain .management 2019s discussion & analysis 21 .
|
-182%
| 1,280 | 22 |
23 |
how is the cashflow from operations affected by the change in inventories at fifo net?
|
advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 31 , 2011 , january 1 , 2011 and january 2 , 2010 ( in thousands , except per share data ) 2011-12 superseded certain pending paragraphs in asu 2011-05 201ccomprehensive income 2013 presentation of comprehensive income 201d to effectively defer only those changes in asu 2011-05 that related to the presentation of reclassification adjustments out of accumulated other comprehensive income .the adoption of asu 2011-05 is not expected to have a material impact on the company 2019s consolidated financial condition , results of operations or cash flows .in january 2010 , the fasb issued asu no .2010-06 201cfair value measurements and disclosures 2013 improving disclosures about fair value measurements . 201d asu 2010-06 requires new disclosures for significant transfers in and out of level 1 and 2 of the fair value hierarchy and the activity within level 3 of the fair value hierarchy .the updated guidance also clarifies existing disclosures regarding the level of disaggregation of assets or liabilities and the valuation techniques and inputs used to measure fair value .the updated guidance is effective for interim and annual reporting periods beginning after december 15 , 2009 , with the exception of the new level 3 activity disclosures , which are effective for interim and annual reporting periods beginning after december 15 , 2010 .the adoption of asu 2010-06 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at december 31 , 2011 and january 1 , 2011 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2011 and prior years .as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .the company recorded a reduction to cost of sales of $ 29554 and $ 16040 for fiscal 2010 and 2009 , respectively .prior to fiscal 2011 , the company 2019s overall costs to acquire inventory for the same or similar products generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( "fifo" ) method .product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory , at fifo , at december 31 , 2011 and january 1 , 2011 , were $ 126840 and $ 103989 , respectively .inventory balance and inventory reserves inventory balances at year-end for fiscal 2011 and 2010 were as follows : inventories at fifo , net adjustments to state inventories at lifo inventories at lifo , net december 31 , $ 1941055 102103 $ 2043158 january 1 , $ 1737059 126811 $ 1863870 .
[['', 'december 312011', 'january 12011'], ['inventories at fifo net', '$ 1941055', '$ 1737059'], ['adjustments to state inventories at lifo', '102103', '126811'], ['inventories at lifo net', '$ 2043158', '$ 1863870']]
advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 31 , 2011 , january 1 , 2011 and january 2 , 2010 ( in thousands , except per share data ) 2011-12 superseded certain pending paragraphs in asu 2011-05 201ccomprehensive income 2013 presentation of comprehensive income 201d to effectively defer only those changes in asu 2011-05 that related to the presentation of reclassification adjustments out of accumulated other comprehensive income .the adoption of asu 2011-05 is not expected to have a material impact on the company 2019s consolidated financial condition , results of operations or cash flows .in january 2010 , the fasb issued asu no .2010-06 201cfair value measurements and disclosures 2013 improving disclosures about fair value measurements . 201d asu 2010-06 requires new disclosures for significant transfers in and out of level 1 and 2 of the fair value hierarchy and the activity within level 3 of the fair value hierarchy .the updated guidance also clarifies existing disclosures regarding the level of disaggregation of assets or liabilities and the valuation techniques and inputs used to measure fair value .the updated guidance is effective for interim and annual reporting periods beginning after december 15 , 2009 , with the exception of the new level 3 activity disclosures , which are effective for interim and annual reporting periods beginning after december 15 , 2010 .the adoption of asu 2010-06 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at december 31 , 2011 and january 1 , 2011 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2011 and prior years .as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .the company recorded a reduction to cost of sales of $ 29554 and $ 16040 for fiscal 2010 and 2009 , respectively .prior to fiscal 2011 , the company 2019s overall costs to acquire inventory for the same or similar products generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( "fifo" ) method .product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory , at fifo , at december 31 , 2011 and january 1 , 2011 , were $ 126840 and $ 103989 , respectively .inventory balance and inventory reserves inventory balances at year-end for fiscal 2011 and 2010 were as follows : inventories at fifo , net adjustments to state inventories at lifo inventories at lifo , net december 31 , $ 1941055 102103 $ 2043158 january 1 , $ 1737059 126811 $ 1863870 .
|
-203996
| 1,958 | 23 |
24 |
as of december 31 , 2008 , how much of the collateral related to short sales , repo's , or securities lending agreements?
|
jpmorgan chase & co ./ 2008 annual report 175jpmorgan chase & co ./ 2008 annual report 175jpmorgan chase & co ./ 2008 annual report 175jpmorgan chase & co ./ 2008 annual report 175jpmorgan chase & co ./ 2008 annual report 175 securities borrowed and securities lent are recorded at the amount of cash collateral advanced or received .securities borrowed consist primarily of government and equity securities .jpmorgan chase moni- tors the market value of the securities borrowed and lent on a daily basis and calls for additional collateral when appropriate .fees received or paid in connection with securities borrowed and lent are recorded in interest income or interest expense .the following table details the components of collateralized financings. .
[['december 31 ( in millions )', '2008', '2007'], ['securities purchased under resale agreements ( a )', '$ 200265', '$ 169305'], ['securities borrowed ( b )', '124000', '84184'], ['securities sold under repurchase agreements ( c )', '$ 174456', '$ 126098'], ['securities loaned', '6077', '10922']]
( a ) includes resale agreements of $ 20.8 billion and $ 19.1 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively .( b ) includes securities borrowed of $ 3.4 billion accounted for at fair value at december 31 , 2008 .( c ) includes repurchase agreements of $ 3.0 billion and $ 5.8 billion accounted for at fair value at december 31 , 2008 and 2007 , respectively .jpmorgan chase pledges certain financial instruments it owns to col- lateralize repurchase agreements and other securities financings .pledged securities that can be sold or repledged by the secured party are identified as financial instruments owned ( pledged to various parties ) on the consolidated balance sheets .at december 31 , 2008 , the firm received securities as collateral that could be repledged , delivered or otherwise used with a fair value of approximately $ 511.9 billion .this collateral was generally obtained under resale or securities borrowing agreements .of these securities , approximately $ 456.6 billion were repledged , delivered or otherwise used , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales .note 14 2013 loans the accounting for a loan may differ based upon whether it is origi- nated or purchased and as to whether the loan is used in an invest- ing or trading strategy .for purchased loans held-for-investment , the accounting also differs depending on whether a loan is credit- impaired at the date of acquisition .purchased loans with evidence of credit deterioration since the origination date and for which it is probable , at acquisition , that all contractually required payments receivable will not be collected are considered to be credit-impaired .the measurement framework for loans in the consolidated financial statements is one of the following : 2022 at the principal amount outstanding , net of the allowance for loan losses , unearned income and any net deferred loan fees or costs , for loans held for investment ( other than purchased credit- impaired loans ) ; 2022 at the lower of cost or fair value , with valuation changes record- ed in noninterest revenue , for loans that are classified as held- for-sale ; or 2022 at fair value , with changes in fair value recorded in noninterest revenue , for loans classified as trading assets or risk managed on a fair value basis ; 2022 purchased credit-impaired loans held for investment are account- ed for under sop 03-3 and initially measured at fair value , which includes estimated future credit losses .accordingly , an allowance for loan losses related to these loans is not recorded at the acquisition date .see note 5 on pages 156 2013158 of this annual report for further information on the firm 2019s elections of fair value accounting under sfas 159 .see note 6 on pages 158 2013160 of this annual report for further information on loans carried at fair value and classified as trading assets .for loans held for investment , other than purchased credit-impaired loans , interest income is recognized using the interest method or on a basis approximating a level rate of return over the term of the loan .loans within the held-for-investment portfolio that management decides to sell are transferred to the held-for-sale portfolio .transfers to held-for-sale are recorded at the lower of cost or fair value on the date of transfer .credit-related losses are charged off to the allowance for loan losses and losses due to changes in interest rates , or exchange rates , are recognized in noninterest revenue .loans within the held-for-sale portfolio that management decides to retain are transferred to the held-for-investment portfolio at the lower of cost or fair value .these loans are subsequently assessed for impairment based on the firm 2019s allowance methodology .for a fur- ther discussion of the methodologies used in establishing the firm 2019s allowance for loan losses , see note 15 on pages 178 2013180 of this annual report .nonaccrual loans are those on which the accrual of interest is dis- continued .loans ( other than certain consumer and purchased credit- impaired loans discussed below ) are placed on nonaccrual status immediately if , in the opinion of management , full payment of princi- pal or interest is in doubt , or when principal or interest is 90 days or more past due and collateral , if any , is insufficient to cover principal and interest .loans are charged off to the allowance for loan losses when it is highly certain that a loss has been realized .interest accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income .in addition , the amortiza- tion of net deferred loan fees is suspended .interest income on nonaccrual loans is recognized only to the extent it is received in cash .however , where there is doubt regarding the ultimate col- lectibility of loan principal , all cash thereafter received is applied to reduce the carrying value of such loans ( i.e. , the cost recovery method ) .loans are restored to accrual status only when future pay- ments of interest and principal are reasonably assured .consumer loans , other than purchased credit-impaired loans , are generally charged to the allowance for loan losses upon reaching specified stages of delinquency , in accordance with the federal financial institutions examination council policy .for example , credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiv- ing notification of the filing of bankruptcy , whichever is earlier .residential mortgage products are generally charged off to net real- izable value at no later than 180 days past due .other consumer .
|
89.2%
| 1,587 | 24 |
25 |
what percentage of consumer packaging sales cam from european consumer packaging net sales in 2006?
|
asian industrial packaging net sales for 2007 were $ 265 million compared with $ 180 million in 2006 .in 2005 , net sales were $ 105 million sub- sequent to international paper 2019s acquisition of a majority interest in this business in august 2005 .operating profits totaled $ 6 million in 2007 and $ 3 million in 2006 , compared with a loss of $ 4 million in consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .consumer packaging net sales increased 12% ( 12 % ) compared with 2006 and 24% ( 24 % ) compared with 2005 .operating profits rose 15% ( 15 % ) from 2006 and 24% ( 24 % ) from 2005 levels .benefits from improved average sales price realizations ( $ 52 million ) , higher sales volumes for u.s .and european coated paperboard ( $ 9 million ) , favorable mill operations ( $ 14 million ) and contributions from international paper & sun cartonboard co. , ltd .acquired in 2006 ( $ 16 million ) , were partially offset by higher raw material and energy costs ( $ 53 million ) , an unfavorable mix of products sold ( $ 4 million ) , increased freight costs ( $ 5 million ) and other costs ( $ 3 million ) .consumer packaging in millions 2007 2006 2005 .
[['in millions', '2007', '2006', '2005'], ['sales', '$ 3015', '$ 2685', '$ 2435'], ['operating profit', '$ 198', '$ 172', '$ 160']]
north american consumer packaging net sales were $ 2.4 billion in both 2007 and 2006 com- pared with $ 2.2 billion in 2005 .operating earnings of $ 143 million in 2007 improved from $ 129 million in 2006 and $ 121 million in 2005 .coated paperboard sales volumes increased in 2007 compared with 2006 , particularly for folding carton board , reflecting improved demand .average sales price realizations substantially improved in 2007 for both folding carton board and cup stock .the impact of the higher sales prices combined with improved manufacturing performance at our mills more than offset the negative effects of higher wood and energy costs .foodservice sales volumes were slightly higher in 2007 than in 2006 .average sales prices were also higher reflecting the realization of price increases implemented to recover raw material cost increases .in addition , a more favorable mix of hot cups and food containers led to higher average margins .raw material costs for bleached board and polystyrene were higher than in 2006 , but these increases were partially offset by improved manufacturing costs reflecting increased productivity and reduced waste .shorewood sales volumes in 2007 declined from 2006 levels due to weak demand in the home enter- tainment , tobacco and display markets , although demand was stronger in the consumer products segment .sales margins declined from 2006 reflect- ing a less favorable mix of products sold .raw material costs were higher for bleached board , but this impact was more than offset by improved manufacturing operations and lower operating costs .charges to restructure operations also impacted 2007 results .entering 2008 , coated paperboard sales volumes are expected to be about even with the fourth quarter of 2007 , while average sales price realizations are expected to slightly improve .earnings should bene- fit from fewer planned mill maintenance outages compared with the 2007 fourth quarter .however , costs for wood , polyethylene and energy are expected to be higher .foodservice results are expected to benefit from increased sales volumes and higher sales price realizations .shorewood sales volumes for the first quarter 2008 are expected to seasonally decline , but this negative impact should be partially offset by benefits from cost improve- ments associated with prior-year restructuring actions .european consumer packaging net sales in 2007 were $ 280 million compared with $ 230 million in 2006 and $ 190 million in 2005 .sales volumes in 2007 were higher than in 2006 reflecting stronger market demand and improved productivity at our kwidzyn mill .average sales price realizations also improved in 2007 .operating earnings in 2007 of $ 37 million declined from $ 41 million in 2006 and $ 39 million in 2005 .the additional contribution from higher net sales was more than offset by higher input costs for wood , energy and freight .entering 2008 , sales volumes and prices are expected to be comparable to the fourth quarter .machine performance and sales mix are expected to improve ; however , wood costs are expected to be higher , especially in russia due to strong demand ahead of tariff increases , and energy costs are anticipated to be seasonally higher. .
|
9%
| 1,226 | 25 |
26 |
in 2010 what was the percent of the early extinguishment charge to the amount of the outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011
|
2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 at december 31 , 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10. ) 15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 4.2 billion as of december 31 , 2010 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2010 and 2009 included $ 2520 million , net of $ 901 million of accumulated depreciation , and $ 2754 million , net of $ 927 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2010 , were as follows : millions operating leases capital leases .
[['millions', 'operatingleases', 'capitalleases'], ['2011', '$ 613', '$ 311'], ['2012', '526', '251'], ['2013', '461', '253'], ['2014', '382', '261'], ['2015', '340', '262'], ['later years', '2599', '1355'], ['total minimum lease payments', '$ 4921', '$ 2693'], ['amount representing interest', 'n/a', '-784 ( 784 )'], ['present value of minimum lease payments', 'n/a', '$ 1909']]
the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 624 million in 2010 , $ 686 million in 2009 , and $ 747 million in 2008 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
|
1.25%
| 960 | 26 |
27 |
what was the increase in payroll and related withholdings in 2014 , in millions?
|
american tower corporation and subsidiaries notes to consolidated financial statements acquisition accounting upon closing of the acquisition .based on current estimates , the company expects the value of potential contingent consideration payments required to be made under these agreements to be between zero and $ 4.4 million .during the year ended december 31 , 2014 , the company ( i ) recorded a decrease in fair value of $ 1.7 million in other operating expenses in the accompanying consolidated statements of operations , ( ii ) recorded settlements under these agreements of $ 3.5 million , ( iii ) reduced its contingent consideration liability by $ 0.7 million as a portion of the company 2019s obligations was assumed by the buyer in conjunction with the sale of operations in panama and ( iv ) recorded additional liability of $ 0.1 million .as a result , the company estimates the value of potential contingent consideration payments required under these agreements to be $ 2.3 million using a probability weighted average of the expected outcomes as of december 31 , 2014 .other u.s . 2014in connection with other acquisitions in the united states , the company is required to make additional payments if certain pre-designated tenant leases commence during a specified period of time .during the year ended december 31 , 2014 , the company recorded $ 6.3 million of contingent consideration liability as part of the preliminary acquisition accounting upon closing of certain acquisitions .during the year ended december 31 , 2014 , the company recorded settlements under these agreements of $ 0.4 million .based on current estimates , the company expects the value of potential contingent consideration payments required to be made under these agreements to be between zero and $ 5.9 million and estimates it to be $ 5.9 million using a probability weighted average of the expected outcomes as of december 31 , 2014 .for more information regarding contingent consideration , see note 12 .7 .accrued expenses accrued expenses consists of the following as of december 31 , ( in thousands ) : .
[['', '2014', '2013 ( 1 )'], ['accrued property and real estate taxes', '$ 61206', '$ 54529'], ['payroll and related withholdings', '57110', '50843'], ['accrued construction costs', '46024', '52446'], ['accrued rent', '34074', '28456'], ['other accrued expenses', '219340', '234914'], ['balance as of december 31,', '$ 417754', '$ 421188']]
( 1 ) december 31 , 2013 balances have been revised to reflect purchase accounting measurement period adjustments. .
|
6267
| 642 | 27 |
28 |
what is the percent change in cash flows provided by operating activities between 2017 and 2016?
|
zimmer biomet holdings , inc .2018 form 10-k annual report ( 8 ) we have incurred other various expenses from specific events or projects that we consider highly variable or have a significant impact to our operating results that we have excluded from our non-gaap financial measures .this includes legal entity and operational restructuring as well as our costs of complying with our dpa with the u.s .government related to certain fcpa matters involving biomet and certain of its subsidiaries .under the dpa , which has a three-year term , we are subject to oversight by an independent compliance monitor , which monitorship commenced in july 2017 .the excluded costs include the fees paid to the independent compliance monitor and to external legal counsel assisting in the matter .( 9 ) represents the tax effects on the previously specified items .the tax effect for the u.s .jurisdiction is calculated based on an effective rate considering federal and state taxes , as well as permanent items .for jurisdictions outside the u.s. , the tax effect is calculated based upon the statutory rates where the items were incurred .( 10 ) the 2016 period includes negative effects from finalizing the tax accounts for the biomet merger .under the applicable u.s .gaap rules , these measurement period adjustments are recognized on a prospective basis in the period of change .( 11 ) the 2017 tax act resulted in a net favorable provisional adjustment due to the reduction of deferred tax liabilities for unremitted earnings and revaluation of deferred tax liabilities to a 21 percent rate , which was partially offset by provisional tax charges related to the toll charge provision of the 2017 tax act .in 2018 , we finalized our estimates of the effects of the 2017 tax act based upon final guidance issued by u.s .tax authorities .( 12 ) other certain tax adjustments in 2018 primarily related to changes in tax rates on deferred tax liabilities recorded on intangible assets recognized in acquisition-related accounting and adjustments from internal restructuring transactions that provide us access to offshore funds in a tax efficient manner .in 2017 , other certain tax adjustments relate to tax benefits from lower tax rates unrelated to the impact of the 2017 tax act , net favorable resolutions of various tax matters and net favorable adjustments from internal restructuring transactions .the 2016 adjustment primarily related to a favorable adjustment to certain deferred tax liabilities recognized as part of acquisition-related accounting and favorable resolution of certain tax matters with taxing authorities offset by internal restructuring transactions that provide us access to offshore funds in a tax efficient manner .( 13 ) diluted share count used in adjusted diluted eps : year ended december 31 , 2018 .
[['', 'year endeddecember 31 2018'], ['diluted shares', '203.5'], ['dilutive shares assuming net earnings', '1.5'], ['adjusted diluted shares', '205.0']]
liquidity and capital resources cash flows provided by operating activities were $ 1747.4 million in 2018 compared to $ 1582.3 million and $ 1632.2 million in 2017 and 2016 , respectively .the increase in operating cash flows in 2018 compared to 2017 was driven by additional cash flows from our sale of accounts receivable in certain countries , lower acquisition and integration expenses and lower quality remediation expenses , as well as certain significant payments made in the 2017 period .in the 2017 period , we made payments related to the u.s .durom cup settlement program , and we paid $ 30.5 million in settlement payments to resolve previously-disclosed fcpa matters involving biomet and certain of its subsidiaries as discussed in note 19 to our consolidated financial statements included in item 8 of this report .the decline in operating cash flows in 2017 compared to 2016 was driven by additional investments in inventory , additional expenses for quality remediation and the significant payments made in the 2017 period as discussed in the previous sentence .these unfavorable items were partially offset by $ 174.0 million of incremental cash flows in 2017 from our sale of accounts receivable in certain countries .cash flows used in investing activities were $ 416.6 million in 2018 compared to $ 510.8 million and $ 1691.5 million in 2017 and 2016 , respectively .instrument and property , plant and equipment additions reflected ongoing investments in our product portfolio and optimization of our manufacturing and logistics network .in 2018 , we entered into receive-fixed-rate , pay-fixed-rate cross-currency interest rate swaps .our investing cash flows reflect the net cash inflows from the fixed- rate interest rate receipts/payments , as well as the termination of certain of these swaps that were in a gain position in the year .the 2016 period included cash outflows for the acquisition of ldr holding corporation ( 201cldr 201d ) and other business acquisitions .additionally , the 2016 period reflects the maturity of available-for-sale debt securities .as these investments matured , we used the cash to pay off debt and have not reinvested in any additional debt securities .cash flows used in financing activities were $ 1302.2 million in 2018 .our primary use of available cash in 2018 was for debt repayment .we received net proceeds of $ 749.5 million from the issuance of additional senior notes and borrowed $ 400.0 million from our multicurrency revolving facility to repay $ 1150.0 million of senior notes that became due on april 2 , 2018 .we subsequently repaid the $ 400.0 million of multicurrency revolving facility borrowings .also in 2018 , we borrowed another $ 675.0 million under a new u.s .term loan c and used the cash proceeds along with cash generated from operations throughout the year to repay an aggregate of $ 835.0 million on u.s .term loan a , $ 450.0 million on u.s .term loan b , and we subsequently repaid $ 140.0 million on u.s .term loan c .overall , we had approximately $ 1150 million of net principal repayments on our senior notes and term loans in 2018 .in 2017 , our primary use of available cash was also for debt repayment compared to 2016 when we were not able to repay as much debt due to financing requirements to complete the ldr and other business acquisitions .additionally in 2017 , we had net cash inflows of $ 103.5 million on factoring programs that had not been remitted to the third party .in 2018 , we had net cash outflows related to these factoring programs as we remitted the $ 103.5 million and collected only $ 66.8 million which had not yet been remitted by the end of the year .since our factoring programs started at the end of 2016 , we did not have similar cash flows in that year .in january 2019 , we borrowed an additional $ 200.0 million under u.s .term loan c and used those proceeds , along with cash on hand , to repay the remaining $ 225.0 million outstanding under u.s .term loan b .in february , may , august and december 2018 , our board of directors declared cash dividends of $ 0.24 per share .we expect to continue paying cash dividends on a quarterly basis ; however , future dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change .as further discussed in note 11 to our consolidated financial statements , our debt facilities restrict the payment of dividends in certain circumstances. .
|
-3%
| 1,754 | 28 |
29 |
what is the growth rate in net revenue in 2017?
|
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 .
|
-4.7%
| 741 | 29 |
30 |
what is the growth rate in net revenue in 2016 for entergy louisiana?
|
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense .also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income .the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses .2015 compared to 2014 net income increased slightly , by $ 0.6 million , primarily due to higher net revenue and a lower effective income tax rate , offset by higher other operation and maintenance expenses , higher depreciation and amortization expenses , lower other income , and higher interest expense .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', '$ 2408.8'], ['retail electric price', '69.0'], ['transmission equalization', '-6.5 ( 6.5 )'], ['volume/weather', '-6.7 ( 6.7 )'], ['louisiana act 55 financing savings obligation', '-17.2 ( 17.2 )'], ['other', '-9.0 ( 9.0 )'], ['2016 net revenue', '$ 2438.4']]
the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station .see note 2 to the financial statements for further discussion .the transmission equalization variance is primarily due to changes in transmission investments , including entergy louisiana 2019s exit from the system agreement in august 2016 .the volume/weather variance is primarily due to the effect of less favorable weather on residential sales , partially offset by an increase in industrial usage and an increase in volume during the unbilled period .the increase .
|
1.2%
| 584 | 30 |
31 |
did the cme group outperform the s&p 500?
|
performance graph the following graph compares the cumulative five-year total return provided shareholders on our class a common stock relative to the cumulative total returns of the s&p 500 index and two customized peer groups .the old peer group includes intercontinentalexchange , inc. , nyse euronext and the nasdaq omx group inc .the new peer group is the same as the old peer group with the addition of cboe holdings , inc .which completed its initial public offering in june 2010 .an investment of $ 100 ( with reinvestment of all dividends ) is assumed to have been made in our class a common stock , in the peer groups and the s&p 500 index on december 31 , 2005 and its relative performance is tracked through december 31 , 2010 .comparison of 5 year cumulative total return* among cme group inc. , the s&p 500 index , an old peer group and a new peer group 12/05 12/06 12/07 12/08 12/09 12/10 cme group inc .s&p 500 old peer group *$ 100 invested on 12/31/05 in stock or index , including reinvestment of dividends .fiscal year ending december 31 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .new peer group the stock price performance included in this graph is not necessarily indicative of future stock price performance .
[['', '2006', '2007', '2008', '2009', '2010'], ['cme group inc .', '$ 139.48', '$ 188.81', '$ 58.66', '$ 96.37', '$ 93.73'], ['s&p 500', '115.80', '122.16', '76.96', '97.33', '111.99'], ['old peer group', '155.58', '190.78', '72.25', '76.11', '87.61'], ['new peer group', '155.58', '190.78', '72.25', '76.11', '87.61']]
.
|
no
| 573 | 31 |
32 |
operating expenses for 2012 , were what percent of pre- tax earnings?
|
management 2019s discussion and analysis net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 .net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of $ 494 million on the sale of our hedge fund administration business .in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity .these increases were offset by lower commissions and fees , reflecting declines in the united states , europe and asia .our average daily volumes during 2012 were lower in each of these regions compared with 2011 , consistent with listed cash equity market volumes .during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels .the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 .during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions .these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions .in addition , the u.s .economy posted stable to improving economic data , including favorable developments in unemployment and housing .these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility .however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels .also , uncertainty over financial regulatory reform persisted .operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings .pre- tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 .investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients .these investments , some of which are consolidated , and loans are typically longer-term in nature .we make investments , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , and real estate entities .the table below presents the operating results of our investing & lending segment. .
[['in millions', 'year ended december 2013', 'year ended december 2012', 'year ended december 2011'], ['equity securities', '$ 3930', '$ 2800', '$ 603'], ['debt securities and loans', '1947', '1850', '96'], ['other', '1141', '1241', '1443'], ['total net revenues', '7018', '5891', '2142'], ['operating expenses', '2684', '2666', '2673'], ['pre-tax earnings/ ( loss )', '$ 4334', '$ 3225', '$ -531 ( 531 )']]
2013 versus 2012 .net revenues in investing & lending were $ 7.02 billion for 2013 , 19% ( 19 % ) higher than 2012 , reflecting a significant increase in net gains from investments in equity securities , driven by company-specific events and stronger corporate performance , as well as significantly higher global equity prices .in addition , net gains and net interest income from debt securities and loans were slightly higher , while other net revenues , related to our consolidated investments , were lower compared with 2012 .if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted .operating expenses were $ 2.68 billion for 2013 , essentially unchanged compared with 2012 .operating expenses during 2013 included lower impairment charges and lower operating expenses related to consolidated investments , partially offset by increased compensation and benefits expenses due to higher net revenues compared with 2012 .pre-tax earnings were $ 4.33 billion in 2013 , 34% ( 34 % ) higher than 2012 .52 goldman sachs 2013 annual report .
|
221%
| 1,117 | 32 |
33 |
what percent of total gross profit in fiscal 2007 was contributed by consumer foods?
|
consumer foods net sales increased $ 303 million , or 5% ( 5 % ) , for the year to $ 6.8 billion .results reflect an increase of three percentage points from improved net pricing and product mix and two percentage points of improvement from higher volumes .net pricing and volume improvements were achieved in many of the company 2019s priority investment and enabler brands .the impact of product recalls partially offset these improvements .the company implemented significant price increases for many consumer foods products during the fourth quarter of fiscal 2008 .continued net sales improvements are expected into fiscal 2009 when the company expects to receive the benefit of these pricing actions for full fiscal periods .sales of some of the company 2019s most significant brands , including chef boyardee ae , david ae , egg beaters ae , healthy choice ae , hebrew national ae , hunt 2019s ae , marie callender 2019s ae , manwich ae , orville redenbacher 2019s ae , pam ae , ro*tel ae , rosarita ae , snack pack ae , swiss miss ae , wesson ae , and wolf ae grew in fiscal 2008 .sales of act ii ae , andy capp ae , banquet ae , crunch 2018n munch ae , kid cuisine ae , parkay ae , pemmican ae , reddi-wip ae , and slim jim ae declined in fiscal 2008 .net sales in the consumer foods segment are not comparable across periods due to a variety of factors .the company initiated a peanut butter recall in the third quarter of fiscal 2007 and reintroduced peter pan ae peanut butter products in august 2007 .sales of all peanut butter products , including both branded and private label , in fiscal 2008 were $ 14 million lower than comparable amounts in fiscal 2007 .consumer foods net sales were also adversely impacted by the recall of banquet ae and private label pot pies in the second quarter of fiscal 2008 .net sales of pot pies were lower by approximately $ 22 million in fiscal 2008 , relative to fiscal 2007 , primarily due to product returns and lost sales of banquet ae and private label pot pies .sales from alexia foods and lincoln snacks , businesses acquired in fiscal 2008 , totaled $ 66 million in fiscal 2008 .the company divested a refrigerated pizza business during the first half of fiscal 2007 .sales from this business were $ 17 million in fiscal food and ingredients net sales were $ 4.1 billion in fiscal 2008 , an increase of $ 706 million , or 21% ( 21 % ) .increased sales are reflective of higher sales prices in the company 2019s milling operations due to higher grain prices , and price and volume increases in the company 2019s potato and dehydrated vegetable operations .the fiscal 2007 divestiture of an oat milling operation resulted in a reduction of sales of $ 27 million for fiscal 2008 , partially offset by increased sales of $ 18 million from the acquisition of watts brothers in february 2008 .international foods net sales increased $ 65 million to $ 678 million .the strengthening of foreign currencies relative to the u.s .dollar accounted for approximately $ 36 million of this increase .the segment achieved a 5% ( 5 % ) increase in sales volume in fiscal 2008 , primarily reflecting increased unit sales in canada and mexico , and modest increases in net pricing .gross profit ( net sales less cost of goods sold ) ( $ in millions ) reporting segment fiscal 2008 gross profit fiscal 2007 gross profit % ( % ) increase/ ( decrease ) .
[['reporting segment', 'fiscal 2008 gross profit', 'fiscal 2007 gross profit', '% ( % ) increase/ ( decrease )'], ['consumer foods', '$ 1802', '$ 1923', '( 6 ) % ( % )'], ['food and ingredients', '724', '590', '23% ( 23 % )'], ['international foods', '190', '180', '6% ( 6 % )'], ['total', '$ 2716', '$ 2693', '1% ( 1 % )']]
the company 2019s gross profit for fiscal 2008 was $ 2.7 billion , an increase of $ 23 million , or 1% ( 1 % ) , over the prior year .the increase in gross profit was largely driven by results in the food and ingredients segment , reflecting higher margins in the company 2019s milling and specialty potato operations , largely offset by reduced gross profits in the consumer foods segment .costs of implementing the company 2019s restructuring plans reduced gross profit by $ 4 million and $ 46 million in fiscal 2008 and fiscal 2007 , respectively. .
|
71%
| 1,144 | 33 |
34 |
what was the percentage gained by investing $ 100 into global payments in comparison to the technology index?
|
stock performance graph the following graph compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 index for the year ended december 31 , 2017 , the 2016 fiscal transition period , and the years ended may 31 , 2016 , 2015 , 2014 and 2013 .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s information technology index on may 31 , 2012 and assumes reinvestment of all dividends .5/12 5/165/155/145/13 global payments inc .s&p 500 s&p information technology 12/16 12/17 comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index * $ 100 invested on may 31 , 2012 in stock or index , including reinvestment of dividends .copyright a9 2018 standard & poor 2019s , a division of s&p global .all rights reserved .global payments 500 index information technology .
[['', 'globalpayments', 's&p500 index', 's&pinformationtechnology index'], ['may 31 2012', '$ 100.00', '$ 100.00', '$ 100.00'], ['may 31 2013', '113.10', '127.28', '115.12'], ['may 31 2014', '161.90', '153.30', '142.63'], ['may 31 2015', '246.72', '171.40', '169.46'], ['may 31 2016', '367.50', '174.34', '174.75'], ['december 31 2016', '328.42', '188.47', '194.08'], ['december 31 2017', '474.52', '229.61', '269.45']]
30 2013 global payments inc .| 2017 form 10-k annual report .
|
205.07% increase
| 636 | 34 |
35 |
what percent of increases in extensions , discoveries , and other additions was associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma?
|
supplementary information on oil and gas producing activities ( unaudited ) 2018 proved reserves decreased by 168 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 84 mmboe including an increase of 108 mmboe associated with the acceleration of higher economic wells in the u.s .resource plays into the 5-year plan and an increase of 15 mmboe associated with wells to sales that were additions to the plan , partially offset by a decrease of 39 mmboe due to technical revisions across the business .2022 extensions , discoveries , and other additions : increased by 102 mmboe primarily in the u.s .resource plays due to an increase of 69 mmboe associated with the expansion of proved areas and an increase of 33 mmboe associated with wells to sales from unproved categories .2022 production : decreased by 153 mmboe .2022 sales of reserves in place : decreased by 201 mmboe including 196 mmboe associated with the sale of our subsidiary in libya , 4 mmboe associated with divestitures of certain conventional assets in new mexico and michigan , and 1 mmboe associated with the sale of the sarsang block in kurdistan .2017 proved reserves decreased by 647 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe , with the remainder being due to revisions across the business .2022 extensions , discoveries , and other additions : increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma .2022 purchases of reserves in place : increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico .2022 production : decreased by 145 mmboe .2022 sales of reserves in place : decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado .see item 8 .financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions .2016 proved reserves decreased by 67 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s .resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s .technical revisions .2022 extensions , discoveries , and other additions : increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma .2022 purchases of reserves in place : increased by 34 mmboe from acquisition of stack assets in oklahoma .2022 production : decreased by 144 mmboe .2022 sales of reserves in place : decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets .changes in proved undeveloped reserves as of december 31 , 2018 , 529 mmboe of proved undeveloped reserves were reported , a decrease of 17 mmboe from december 31 , 2017 .the following table shows changes in proved undeveloped reserves for 2018 : ( mmboe ) .
[['beginning of year', '546'], ['revisions of previous estimates', '47'], ['extensions discoveries and other additions', '61'], ['dispositions', '-19 ( 19 )'], ['transfers to proved developed', '-106 ( 106 )'], ['end of year', '529']]
.
|
83.6%
| 959 | 35 |
36 |
what is the net change in the balance of allowance for doubtful accounts from 2016 to 2017?
|
cash and cash equivalents cash equivalents include highly-liquid investments with a maturity of three months or less when purchased .accounts receivable and allowance for doubtful accounts accounts receivable are carried at the invoiced amounts , less an allowance for doubtful accounts , and generally do not bear interest .the company estimates the balance of allowance for doubtful accounts by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates .the company 2019s estimates include separately providing for customer receivables based on specific circumstances and credit conditions , and when it is deemed probable that the balance is uncollectible .account balances are written off against the allowance when it is determined the receivable will not be recovered .the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped of $ 15 million , $ 14 million and $ 15 million as of december 31 , 2017 , 2016 , and 2015 , respectively .returns and credit activity is recorded directly to sales as a reduction .the following table summarizes the activity in the allowance for doubtful accounts: .
[['( millions )', '2017', '2016', '2015'], ['beginning balance', '$ 67.6', '$ 75.3', '$ 77.5'], ['bad debt expense', '17.1', '20.1', '25.8'], ['write-offs', '-15.7 ( 15.7 )', '-24.6 ( 24.6 )', '-21.9 ( 21.9 )'], ['other ( a )', '2.5', '-3.2 ( 3.2 )', '-6.1 ( 6.1 )'], ['ending balance', '$ 71.5', '$ 67.6', '$ 75.3']]
( a ) other amounts are primarily the effects of changes in currency translations and the impact of allowance for returns and credits .inventory valuations inventories are valued at the lower of cost or net realizable value .certain u.s .inventory costs are determined on a last-in , first-out ( 201clifo 201d ) basis .lifo inventories represented 39% ( 39 % ) and 40% ( 40 % ) of consolidated inventories as of december 31 , 2017 and 2016 , respectively .all other inventory costs are determined using either the average cost or first-in , first-out ( 201cfifo 201d ) methods .inventory values at fifo , as shown in note 5 , approximate replacement cost .property , plant and equipment property , plant and equipment assets are stated at cost .merchandising and customer equipment consists principally of various dispensing systems for the company 2019s cleaning and sanitizing products , dishwashing machines and process control and monitoring equipment .certain dispensing systems capitalized by the company are accounted for on a mass asset basis , whereby equipment is capitalized and depreciated as a group and written off when fully depreciated .the company capitalizes both internal and external costs of development or purchase of computer software for internal use .costs incurred for data conversion , training and maintenance associated with capitalized software are expensed as incurred .expenditures for major renewals and improvements , which significantly extend the useful lives of existing plant and equipment , are capitalized and depreciated .expenditures for repairs and maintenance are charged to expense as incurred .upon retirement or disposition of plant and equipment , the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income .depreciation is charged to operations using the straight-line method over the assets 2019 estimated useful lives ranging from 5 to 40 years for buildings and leasehold improvements , 3 to 20 years for machinery and equipment , 3 to 15 years for merchandising and customer equipment and 3 to 7 years for capitalized software .the straight-line method of depreciation reflects an appropriate allocation of the cost of the assets to earnings in proportion to the amount of economic benefits obtained by the company in each reporting period .depreciation expense was $ 586 million , $ 561 million and $ 560 million for 2017 , 2016 and 2015 , respectively. .
|
3.9
| 983 | 36 |
37 |
what would 2016 net revenue have been if it was impacted by the same higher other operation and maintenance expenses that impacted the prior year ( in millions ) ?
|
entergy arkansas , inc .and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .2015 compared to 2014 net income decreased $ 47.1 million primarily due to higher other operation and maintenance expenses , partially offset by higher net revenue .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 ( credits ) .following is an analysis of the change in net revenue comparing 2016 to 2015 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2015 net revenue', '$ 1362.2'], ['retail electric price', '161.5'], ['other', '-3.2 ( 3.2 )'], ['2016 net revenue', '$ 1520.5']]
the retail electric price variance is primarily due to an increase in base rates , as approved by the apsc .the new base rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 .a significant portion of the increase is related to the purchase of power block 2 of the union power station .see note 2 to the financial statements for further discussion of the rate case .see note 14 to the financial statements for further discussion of the union power station purchase. .
|
1473.4
| 481 | 37 |
38 |
what is the total cost of equity compensation plans approved by stockholders?
|
dividends and distributions we pay regular quarterly dividends to holders of our common stock .on february 16 , 2007 , our board of directors declared the first quarterly installment of our 2007 dividend in the amount of $ 0.475 per share , payable on march 30 , 2007 to stockholders of record on march 20 , 2007 .we expect to distribute 100% ( 100 % ) or more of our taxable net income to our stockholders for 2007 .our board of directors normally makes decisions regarding the frequency and amount of our dividends on a quarterly basis .because the board considers a number of factors when making these decisions , we cannot assure you that we will maintain the policy stated above .please see 201ccautionary statements 201d and the risk factors included in part i , item 1a of this annual report on form 10-k for a description of other factors that may affect our distribution policy .our stockholders may reinvest all or a portion of any cash distribution on their shares of our common stock by participating in our distribution reinvestment and stock purchase plan , subject to the terms of the plan .see 201cnote 15 2014capital stock 201d of the notes to consolidated financial statements included in item 8 of this annual report on form 10-k .director and employee stock sales certain of our directors , executive officers and other employees have adopted and may , from time to time in the future , adopt non-discretionary , written trading plans that comply with rule 10b5-1 under the exchange act , or otherwise monetize their equity-based compensation .securities authorized for issuance under equity compensation plans the following table summarizes information with respect to our equity compensation plans as of december 31 , 2006 : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) equity compensation plans approved by stockholders ( 1 ) ..1118051 $ 24.27 8373727 equity compensation plans not approved by stockholders ( 2 ) ..18924 n/a 1145354 .
[['plan category', '( a ) number of securities to be issued upon exercise of outstanding options warrants andrights', '( b ) weighted average exercise price of outstanding options warrants and rights', '( c ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a )'], ['equity compensation plans approved by stockholders ( 1 )', '1118051', '$ 24.27', '8373727'], ['equity compensation plans not approved by stockholders ( 2 )', '18924', 'n/a', '1145354'], ['total', '1136975', '$ 24.27', '9519081']]
( 1 ) these plans consist of ( i ) the 1987 incentive compensation program ( employee plan ) ; ( ii ) the theratx , incorporated 1996 stock option/stock issuance plan ; ( iii ) the 2000 incentive compensation plan ( employee plan ) ( formerly known as the 1997 incentive compensation plan ) ; ( iv ) the 2004 stock plan for directors ( which amended and restated the 2000 stock option plan for directors ( formerly known as the 1997 stock option plan for non-employee directors ) ) ; ( v ) the employee and director stock purchase plan ; ( vi ) the 2006 incentive plan ; and ( vii ) the 2006 stock plan for directors .( 2 ) these plans consist of ( i ) the common stock purchase plan for directors , under which our non-employee directors may receive common stock in lieu of directors 2019 fees , ( ii ) the nonemployee director deferred stock compensation plan , under which our non-employee directors may receive units convertible on a one-for-one basis into common stock in lieu of director fees , and ( iii ) the executive deferred stock compensation plan , under which our executive officers may receive units convertible on a one-for-one basis into common stock in lieu of compensation. .
|
$ 27135097.77
| 988 | 38 |
39 |
what is the net change in cash in 2013?
|
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives .liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. .
[['cash flow data', 'years ended december 31 , 2013', 'years ended december 31 , 2012', 'years ended december 31 , 2011'], ['net income adjusted to reconcile net income to net cashprovided by operating activities1', '$ 598.4', '$ 697.2', '$ 735.7'], ['net cash used in working capital b2', '-9.6 ( 9.6 )', '-293.2 ( 293.2 )', '-359.4 ( 359.4 )'], ['changes in other non-current assets and liabilities using cash', '4.1', '-46.8 ( 46.8 )', '-102.8 ( 102.8 )'], ['net cash provided by operating activities', '$ 592.9', '$ 357.2', '$ 273.5'], ['net cash used in investing activities', '-224.5 ( 224.5 )', '-210.2 ( 210.2 )', '-58.8 ( 58.8 )'], ['net cash ( used in ) provided by financing activities', '-1212.3 ( 1212.3 )', '131.3', '-541.0 ( 541.0 )']]
1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash loss related to early extinguishment of debt , and deferred income taxes .2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities .operating activities net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income .due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters .the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies .net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 .the net working capital usage in 2012 was primarily impacted by our media businesses .the timing of media buying on behalf of our clients affects our working capital and operating cash flow .in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients .to the extent possible we pay production and media charges after we have received funds from our clients .the amounts involved substantially exceed our revenues , and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities .our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers .our accrued liabilities are also affected by the timing of certain other payments .for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year .investing activities net cash used in investing activities during 2013 primarily relates to payments for capital expenditures and acquisitions .capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements .we made payments of $ 61.5 related to acquisitions completed during 2013. .
|
-843.9
| 998 | 39 |
40 |
did the annual interest savings on the redemption of the 6.5% ( 6.5 % ) notes exceed the cost of the early extinguishment?
|
the redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases .
[['millions', 'operatingleases', 'capitalleases'], ['2012', '$ 525', '$ 297'], ['2013', '489', '269'], ['2014', '415', '276'], ['2015', '372', '276'], ['2016', '347', '262'], ['later years', '2380', '1179'], ['total minimum leasepayments', '$ 4528', '$ 2559'], ['amount representing interest', 'n/a', '-685 ( 685 )'], ['present value of minimum leasepayments', 'n/a', '$ 1874']]
the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
|
no
| 1,035 | 40 |
41 |
what was the change in derivative gains included in ig segment income from 2004 , compared to 2003 , in millions?
|
rm&t segment we do not attempt to qualify commodity derivative instruments used in our rm&t operations for hedge accounting .as a result , we recognize all changes in the fair value of derivatives used in our rm&t operations in income , although most of these derivatives have an underlying physical commodity transaction .generally , derivative losses occur when market prices increase , which are offset by gains on the underlying physical commodity transactions .conversely , derivative gains occur when market prices decrease , which are offset by losses on the underlying physical commodity transactions .derivative gains or losses included in rm&t segment income for each of the last three years are summarized in the following table : strategy ( in millions ) 2004 2003 2002 .
[['strategy ( in millions )', '2004', '2003', '2002'], ['mitigate price risk', '$ -106 ( 106 )', '$ -112 ( 112 )', '$ -95 ( 95 )'], ['protect carrying values of excess inventories', '-98 ( 98 )', '-57 ( 57 )', '-41 ( 41 )'], ['protect margin on fixed price sales', '8', '5', '11'], ['protect crack spread values', '-76 ( 76 )', '6', '1'], ['trading activities', '8', '-4 ( 4 )', '2013'], ['total net derivative losses', '$ -264 ( 264 )', '$ -162 ( 162 )', '$ -124 ( 124 )']]
during 2004 , using derivative instruments map sold crack spreads forward through the fourth quarter 2005 at values higher than the company thought sustainable in the actual months these contracts expire .included in the $ 76 million derivative loss for 2004 noted in the above table for the 2018 2018protect crack spread values 2019 2019 strategy was approximately an $ 8 million gain due to changes in the fair value of crack-spread derivatives that will expire throughout 2005 .in addition , natural gas options are in place to manage the price risk associated with approximately 41 percent of the first quarter 2005 anticipated natural gas purchases for refinery use .ig segment we have used derivative instruments to convert the fixed price of a long-term gas sales contract to market prices .the underlying physical contract is for a specified annual quantity of gas and matures in 2008 .similarly , we will use derivative instruments to convert shorter term ( typically less than a year ) fixed price contracts to market prices in our ongoing purchase for resale activity ; and to hedge purchased gas injected into storage for subsequent resale .derivative gains included in ig segment income were $ 17 million in 2004 , compared to gains of $ 19 million in 2003 and losses of $ 8 million in 2002 .trading activity in the ig segment resulted in losses of $ 2 million in 2004 , compared to losses of $ 7 million in 2003 and gains of $ 4 million in 2002 and have been included in the aforementioned amounts .other commodity risk we are impacted by basis risk , caused by factors that affect the relationship between commodity futures prices reflected in derivative commodity instruments and the cash market price of the underlying commodity .natural gas transaction prices are frequently based on industry reference prices that may vary from prices experienced in local markets .for example , new york mercantile exchange ( 2018 2018nymex 2019 2019 ) contracts for natural gas are priced at louisiana 2019s henry hub , while the underlying quantities of natural gas may be produced and sold in the western united states at prices that do not move in strict correlation with nymex prices .if commodity price changes in one region are not reflected in other regions , derivative commodity instruments may no longer provide the expected hedge , resulting in increased exposure to basis risk .these regional price differences could yield favorable or unfavorable results .otc transactions are being used to manage exposure to a portion of basis risk .we are impacted by liquidity risk , caused by timing delays in liquidating contract positions due to a potential inability to identify a counterparty willing to accept an offsetting position .due to the large number of active participants , liquidity risk exposure is relatively low for exchange-traded transactions. .
|
-2
| 995 | 41 |
42 |
what is the expected growth rate in operating leases from 2020 to 2021?
|
note 11 .commitments and contingencies commitments leases the company fffds corporate headquarters is located in danvers , massachusetts .this facility encompasses most of the company fffds u.s .operations , including research and development , manufacturing , sales and marketing and general and administrative departments .in october 2017 , the acquired its corporate headquarters for approximately $ 16.5 million and terminated its existing lease arrangement ( see note 6 ) .future minimum lease payments under non-cancelable leases as of march 31 , 2018 are approximately as follows : fiscal years ending march 31 , operating leases ( in $ 000s ) .
[['fiscal years ending march 31,', 'operating leases ( in $ 000s )'], ['2019', '$ 2078'], ['2020', '1888'], ['2021', '1901'], ['2022', '1408'], ['2023', '891'], ['thereafter', '1923'], ['total minimum lease payments', '$ 10089']]
in february 2017 , the company entered into a lease agreement for an additional 21603 square feet of office space in danvers , massachusetts which expires on july 31 , 2022 .in december 2017 , the company entered into an amendment to this lease to extend the term through august 31 , 2025 and to add an additional 6607 square feet of space in which rent would begin around june 1 , 2018 .the amendment also allows the company a right of first offer to purchase the property from january 1 , 2018 through august 31 , 2035 , if the lessor decides to sell the building or receives an offer to purchase the building from a third-party buyer .in march 2018 , the company entered into an amendment to the lease to add an additional 11269 square feet of space for which rent will begin on or around june 1 , 2018 through august 31 , 2025 .the annual rent expense for this lease agreement is estimated to be $ 0.4 million .in september 2016 , the company entered into a lease agreement in berlin , germany which commenced in may 2017 and expires in may 2024 .the annual rent expense for the lease is estimated to be $ 0.3 million .in october 2016 , the company entered into a lease agreement for an office in tokyokk japan and expires in september 2021 .the office houses administrative , regulatory , and training personnel in connection with the company fffds commercial launch in japan .the annual rent expense for the lease is estimated to be $ 0.9 million .license agreements in april 2014 , the company entered into an exclusive license agreement for the rights to certain optical sensor technologies in the field of cardio-circulatory assist devices .pursuant to the terms of the license agreement , the company agreed to make potential payments of $ 6.0 million .through march 31 , 2018 , the company has made $ 3.5 million in milestones payments which included a $ 1.5 million upfront payment upon the execution of the agreement .any potential future milestone payment amounts have not been included in the contractual obligations table above due to the uncertainty related to the successful achievement of these milestones .contingencies from time to time , the company is involved in legal and administrative proceedings and claims of various types .in some actions , the claimants seek damages , as well as other relief , which , if granted , would require significant expenditures .the company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated .the company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate .if a matter is both probable to result in liability and the amount of loss can be reasonably estimated , the company estimates and discloses the possible loss or range of loss .if the loss is not probable or cannot be reasonably estimated , a liability is not recorded in its consolidated financial statements. .
|
0.7%
| 954 | 42 |
43 |
what is the total return of an investment of $ 1000000 in teleflex incorporated in 2010 and sold in 2015?
|
stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2010 and that all dividends were reinvested .market performance .
[['company / index', '2010', '2011', '2012', '2013', '2014', '2015'], ['teleflex incorporated', '100', '117', '138', '185', '229', '266'], ['s&p 500 index', '100', '102', '118', '157', '178', '181'], ['s&p 500 healthcare equipment & supply index', '100', '99', '116', '148', '187', '199']]
s&p 500 healthcare equipment & supply index 100 99 116 148 187 199 .
|
1660000
| 350 | 43 |
44 |
for the restricted stock units ( 201crsus 201d ) granted in connection with the ipo , what would the total deemed proceeds be to the company assuming the rsus were vested at the average price per unit?
|
cdw corporation and subsidiaries notes to consolidated financial statements holders of class b common units in connection with the distribution is subject to any vesting provisions previously applicable to the holder 2019s class b common units .class b common unit holders received 3798508 shares of restricted stock with respect to class b common units that had not yet vested at the time of the distribution .for the year ended december 31 , 2013 , 1200544 shares of such restricted stock vested/settled and 5931 shares were forfeited .as of december 31 , 2013 , 2592033 shares of restricted stock were outstanding .stock options in addition , in connection with the ipo , the company issued 1268986 stock options to the class b common unit holders to preserve their fully diluted equity ownership percentage .these options were issued with a per-share exercise price equal to the ipo price of $ 17.00 and are also subject to the same vesting provisions as the class b common units to which they relate .the company also granted 19412 stock options under the 2013 ltip during the year ended december 31 , 2013 .restricted stock units ( 201crsus 201d ) in connection with the ipo , the company granted 1416543 rsus under the 2013 ltip at a weighted- average grant-date fair value of $ 17.03 per unit .the rsus cliff-vest at the end of four years .valuation information the company attributes the value of equity-based compensation awards to the various periods during which the recipient must perform services in order to vest in the award using the straight-line method .post-ipo equity awards the company has elected to use the black-scholes option pricing model to estimate the fair value of stock options granted .the black-scholes option pricing model incorporates various assumptions including volatility , expected term , risk-free interest rates and dividend yields .the assumptions used to value the stock options granted during the year ended december 31 , 2013 are presented below .year ended december 31 , assumptions 2013 .
[['assumptions', 'year ended december 31 2013'], ['weighted-average grant date fair value', '$ 4.75'], ['weighted-average volatility ( 1 )', '35.00% ( 35.00 % )'], ['weighted-average risk-free rate ( 2 )', '1.58% ( 1.58 % )'], ['dividend yield', '1.00% ( 1.00 % )'], ['expected term ( in years ) ( 3 )', '5.4']]
expected term ( in years ) ( 3 ) .........................5.4 ( 1 ) based upon an assessment of the two-year , five-year and implied volatility for the company 2019s selected peer group , adjusted for the company 2019s leverage .( 2 ) based on a composite u.s .treasury rate .( 3 ) the expected term is calculated using the simplified method .the simplified method defines the expected term as the average of the option 2019s contractual term and the option 2019s weighted-average vesting period .the company utilizes this method as it has limited historical stock option data that is sufficient to derive a reasonable estimate of the expected stock option term. .
|
24123727
| 814 | 44 |
45 |
what is the net change in net revenue during 2008 for entergy arkansas?
|
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 1110.6'], ['rider revenue', '13.6'], ['purchased power capacity', '4.8'], ['volume/weather', '-14.6 ( 14.6 )'], ['other', '3.5'], ['2008 net revenue', '$ 1117.9']]
the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
|
7.3
| 606 | 45 |
46 |
what was the percentage change in accumulated other comprehensive earnings ( loss ) between 2005 and 2006?\\n
|
page 71 of 94 notes to consolidated financial statements ball corporation and subsidiaries 16 .shareholders 2019 equity ( continued ) on october 24 , 2007 , ball announced the discontinuance of the company 2019s discount on the reinvestment of dividends associated with the company 2019s dividend reinvestment and voluntary stock purchase plan for non- employee shareholders .the 5 percent discount was discontinued on november 1 , 2007 .accumulated other comprehensive earnings ( loss ) the activity related to accumulated other comprehensive earnings ( loss ) was as follows : ( $ in millions ) foreign currency translation pension and postretirement items , net of tax effective financial derivatives , net of tax accumulated comprehensive earnings ( loss ) .
[['( $ in millions )', 'foreign currency translation', 'pension and other postretirement items net of tax', 'effective financial derivatives net of tax', 'accumulated other comprehensive earnings ( loss )'], ['december 31 2004', '$ 148.9', '$ -126.3 ( 126.3 )', '$ 10.6', '$ 33.2'], ['2005 change', '-74.3 ( 74.3 )', '-43.6 ( 43.6 )', '-16.0 ( 16.0 )', '-133.9 ( 133.9 )'], ['december 31 2005', '74.6', '-169.9 ( 169.9 )', '-5.4 ( 5.4 )', '-100.7 ( 100.7 )'], ['2006 change', '57.2', '55.9', '6.0', '119.1'], ['effect of sfas no . 158 adoption ( a )', '2013', '-47.9 ( 47.9 )', '2013', '-47.9 ( 47.9 )'], ['december 31 2006', '131.8', '-161.9 ( 161.9 )', '0.6', '-29.5 ( 29.5 )'], ['2007 change', '90.0', '57.9', '-11.5 ( 11.5 )', '136.4'], ['december 31 2007', '$ 221.8', '$ -104.0 ( 104.0 )', '$ -10.9 ( 10.9 )', '$ 106.9']]
( a ) within the company 2019s 2006 annual report , the consolidated statement of changes in shareholders 2019 equity for the year ended december 31 , 2006 , included a transition adjustment of $ 47.9 million , net of tax , related to the adoption of sfas no .158 , 201cemployers 2019 accounting for defined benefit pension plans and other postretirement plans , an amendment of fasb statements no .87 , 88 , 106 and 132 ( r ) , 201d as a component of 2006 comprehensive earnings rather than only as an adjustment to accumulated other comprehensive loss .the 2006 amounts have been revised to correct the previous reporting .notwithstanding the 2005 distribution pursuant to the jobs act , management 2019s intention is to indefinitely reinvest foreign earnings .therefore , no taxes have been provided on the foreign currency translation component for any period .the change in the pension and other postretirement items is presented net of related tax expense of $ 31.3 million and $ 2.9 million for 2007 and 2006 , respectively , and a related tax benefit of $ 27.3 million for 2005 .the change in the effective financial derivatives is presented net of related tax benefit of $ 3.2 million for 2007 , related tax expense of $ 5.7 million for 2006 and related tax benefit of $ 10.7 million for 2005 .stock-based compensation programs effective january 1 , 2006 , ball adopted sfas no .123 ( revised 2004 ) , 201cshare based payment , 201d which is a revision of sfas no .123 and supersedes apb opinion no .25 .the new standard establishes accounting standards for transactions in which an entity exchanges its equity instruments for goods or services , including stock option and restricted stock grants .the major differences for ball are that ( 1 ) expense is now recorded in the consolidated statements of earnings for the fair value of new stock option grants and nonvested portions of grants made prior to january 1 , 2006 , and ( 2 ) the company 2019s deposit share program ( discussed below ) is no longer a variable plan that is marked to current market value each month through earnings .upon adoption of sfas no .123 ( revised 2004 ) , ball has chosen to use the modified prospective transition method and the black-scholes valuation model. .
|
71%
| 1,226 | 46 |
47 |
what percentage of factory stores as of march 29 , 2014 are in the americas?
|
we operated the following factory stores as of march 29 , 2014: .
[['location', 'factory stores'], ['the americas', '150'], ['europe', '50'], ['asia ( a )', '35'], ['total', '235']]
( a ) includes australia , china , hong kong , japan , malaysia , south korea , and taiwan .our factory stores in the americas offer selections of our menswear , womenswear , childrenswear , accessories , home furnishings , and fragrances .ranging in size from approximately 2700 to 20000 square feet , with an average of approximately 10400 square feet , these stores are principally located in major outlet centers in 40 states in the u.s. , canada , and puerto rico .our factory stores in europe offer selections of our menswear , womenswear , childrenswear , accessories , home furnishings , and fragrances .ranging in size from approximately 1400 to 19700 square feet , with an average of approximately 7000 square feet , these stores are located in 12 countries , principally in major outlet centers .our factory stores in asia offer selections of our menswear , womenswear , childrenswear , accessories , and fragrances .ranging in size from approximately 1100 to 11800 square feet , with an average of approximately 6200 square feet , these stores are primarily located throughout china and japan , in hong kong , and in or near other major cities in asia and australia .our factory stores are principally located in major outlet centers .factory stores obtain products from our suppliers , our product licensing partners , and our other retail stores and e-commerce operations , and also serve as a secondary distribution channel for our excess and out-of-season products .concession-based shop-within-shops the terms of trade for shop-within-shops are largely conducted on a concession basis , whereby inventory continues to be owned by us ( not the department store ) until ultimate sale to the end consumer .the salespeople involved in the sales transactions are generally our employees and not those of the department store .as of march 29 , 2014 , we had 503 concession-based shop-within-shops at 243 retail locations dedicated to our products , which were located in asia , australia , new zealand , and europe .the size of our concession-based shop-within-shops ranges from approximately 140 to 7400 square feet .we may share in the cost of building-out certain of these shop-within-shops with our department store partners .e-commerce websites in addition to our stores , our retail segment sells products online through our e-commerce channel , which includes : 2022 our north american e-commerce sites located at www.ralphlauren.com and www.clubmonaco.com , as well as our club monaco site in canada located at www.clubmonaco.ca ; 2022 our ralph lauren e-commerce sites in europe , including www.ralphlauren.co.uk ( servicing the united kingdom ) , www.ralphlauren.fr ( servicing belgium , france , italy , luxembourg , the netherlands , portugal , and spain ) , and www.ralphlauren.de ( servicing germany and austria ) ; and 2022 our ralph lauren e-commerce sites in asia , including www.ralphlauren.co.jp servicing japan and www.ralphlauren.co.kr servicing south korea .our ralph lauren e-commerce sites in the u.s. , europe , and asia offer our customers access to a broad array of ralph lauren , rrl , polo , and denim & supply apparel , accessories , fragrance , and home products , and reinforce the luxury image of our brands .while investing in e-commerce operations remains a primary focus , it is an extension of our investment in the integrated omni-channel strategy used to operate our overall retail business , in which our e-commerce operations are interdependent with our physical stores .our club monaco e-commerce sites in the u.s .and canada offer our domestic and canadian customers access to our club monaco global assortment of womenswear , menswear , and accessories product lines , as well as select online exclusives. .
|
64%
| 933 | 47 |
End of preview. Expand
in Data Studio
元データ: https://huggingface.co/datasets/HangHor/FinQA_CoT_Small
使用したコード: https://github.com/LLMTeamAkiyama/0-data_prepare/tree/master/src/FinQA_CoT_Small
- データ件数: 309
- 平均トークン数: 1,036
- 最大トークン数: 2,787
- 合計トークン数: 320,198
- ファイル形式: JSONL
- ファイル分割数: 1
- 合計ファイルサイズ: 1.3 MB
加工内容：
1. データセットの準備と初期設定
- データソース: Hugging Face Hub上の
HangHor/FinQA_CoT_Smallデータセットを読み込んでいます。 - トークナイザー: トークン数の計算には
deepseek-ai/DeepSeek-R1-Distill-Qwen-32Bモデルのトークナイザーが使用されています。 - 列の役割設定: 元のデータセットの
Question、Context、Answer列が、それぞれ「質問」「思考（コンテキスト）」「回答」として扱われるように設定されています。
2. 前処理とクレンジング
一連のクレンジング処理が順番に適用されています。
- IDの付与: 元のデータの各行に、後から参照できるよう一意のID（
base_datasets_id）が割り当てられました。 - 列名の標準化:
Context列がthought列に、Question列がquestion列に、Answer列がanswer列にそれぞれリネームされ、データ構造が統一されました。 - 空白文字の除去:
thought列に含まれるテキストの先頭と末尾にある不要な空白文字（改行コードやスペースなど）が削除されました。 - 繰り返し表現のチェック:
thought列のテキスト内で、類似した文章が何度も繰り返されていないかがJaccard類似度を用いてチェックされました（このデータセットでは、この処理によって除外されたデータはありませんでした）。
3. トークン数の計算
- 「質問」「思考」「回答」の各列について、指定されたトークナイザーを用いてトークン数が計算され、
question_token,thought_token,answer_tokenという新しい列に追加されました。 - 各行の合計トークン数が
total_token列として算出されました。
4. 最終フィルタリングと出力準備
最終的に出力するデータセットを作成するため、以下の条件でフィルタリングが実施されました。
- 質問 (
question) が空やハイフン("-")ではないこと。 - 合計トークン数 (
total_token) が50以上、32,000以下であること。 - 回答のトークン数 (
answer_token) が0ではなく、2,000以下であること。
- Downloads last month
- 30