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20.75 | Given the context, answer the question.
Context: changes in our performance retention awards during 2009 were as follows : shares ( thous. ) weighted-average grant-date fair value .
| shares ( thous. ) | weighted-averagegrant-date fair value nonvested at january 1 2009 | 873 | $ 50.70 granted | 449 | 47.28 vested | -240 ( 240 ) | 43.23 forfeited | -22 ( 22 ) | 53.86 nonvested at december 31 2009 | 1060 | $ 50.88
at december 31 , 2009 , there was $ 22 million of total unrecognized compensation expense related to nonvested performance retention awards , which is expected to be recognized over a weighted-average period of 1.3 years . a portion of this expense is subject to achievement of the roic levels established for the performance stock unit grants . 5 . retirement plans pension and other postretirement benefits pension plans 2013 we provide defined benefit retirement income to eligible non-union employees through qualified and non-qualified ( supplemental ) pension plans . qualified and non-qualified pension benefits are based on years of service and the highest compensation during the latest years of employment , with specific reductions made for early retirements . other postretirement benefits ( opeb ) 2013 we provide defined contribution medical and life insurance benefits for eligible retirees . these benefits are funded as medical claims and life insurance premiums are plan amendment effective january 1 , 2010 , medicare-eligible retirees who are enrolled in the union pacific retiree medical program will receive a contribution to a health reimbursement account , which can be used to pay eligible out-of-pocket medical expenses . the impact of the plan amendment is reflected in the projected benefit obligation ( pbo ) at december 31 , 2009 . funded status we are required by gaap to separately recognize the overfunded or underfunded status of our pension and opeb plans as an asset or liability . the funded status represents the difference between the pbo and the fair value of the plan assets . the pbo is the present value of benefits earned to date by plan participants , including the effect of assumed future salary increases . the pbo of the opeb plan is equal to the accumulated benefit obligation , as the present value of the opeb liabilities is not affected by salary increases . plan assets are measured at fair value . we use a december 31 measurement date for plan assets and obligations for all our retirement plans. .
Question: a t d e c e m b e r 3 1 , 2 0 0 9 , w h a t w a s t h e r e m a i n i n g c o m p e n s a t i o n e x p e n s e p e r s h a r e f o r t h e u n v e s t e d a w a r d s ? | 200 |
-30.6% | Given the context, answer the question.
Context: majority of the increased tax position is attributable to temporary differences . the increase in 2014 current period tax positions related primarily to the company 2019s change in tax accounting method filed in 2008 for repair and maintenance costs on its utility plant . the company does not anticipate material changes to its unrecognized tax benefits within the next year . if the company sustains all of its positions at december 31 , 2014 and 2013 , an unrecognized tax benefit of $ 9444 and $ 7439 , respectively , excluding interest and penalties , would impact the company 2019s effective tax rate . the following table summarizes the changes in the company 2019s valuation allowance: .
balance at january 1 2012 | $ 21579 increases in current period tax positions | 2014 decreases in current period tax positions | -2059 ( 2059 ) balance at december 31 2012 | $ 19520 increases in current period tax positions | 2014 decreases in current period tax positions | -5965 ( 5965 ) balance at december 31 2013 | $ 13555 increases in current period tax positions | 2014 decreases in current period tax positions | -3176 ( 3176 ) balance at december 31 2014 | $ 10379
included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based operations segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance . note 13 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for all employees . the pension plans were closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost . further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position . pension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds , fixed income securities , guaranteed interest contracts with insurance companies , real estate funds and real estate investment trusts ( 201creits 201d ) . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees. .
Question: i n 2 0 1 4 w h a t w a s t h e r a t i o o f t h e d e c r e a s e i n t a x p o s i t i o n s c o m p a r e d t o t h e e n d b a l a n c e | 201 |
4.2% | Given the context, answer the question.
Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2006 and 2005. .
2006 | high | low quarter ended march 31 | $ 32.68 | $ 26.66 quarter ended june 30 | 35.75 | 27.35 quarter ended september 30 | 36.92 | 29.98 quarter ended december 31 | 38.74 | 35.21 2005 | high | low quarter ended march 31 | $ 19.28 | $ 17.30 quarter ended june 30 | 21.16 | 16.28 quarter ended september 30 | 25.20 | 20.70 quarter ended december 31 | 28.33 | 22.73
on february 22 , 2007 , the closing price of our class a common stock was $ 40.38 per share as reported on the nyse . as of february 22 , 2007 , we had 419988395 outstanding shares of class a common stock and 623 registered holders . in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter . also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis . in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock . dividends we have never paid a dividend on any class of our common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests . under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby . the indenture governing the terms of the ati 7.25% ( 7.25 % ) notes prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied . for more information about the restrictions under our credit facilities and our notes indentures , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 7 to our consolidated financial statements included in this annual report. .
Question: w h a t i s t h e g r o w t h r a t e i n t h e p r i c e o f s h a r e s f r o m t h e h i g h e s t v a l u e d u r i n g t h e q u a r t e r e n d e d d e c e m b e r 3 1 , 2 0 0 6 a n d t h e c l o s i n g p r i c e o n f e b r u a r y 2 2 , 2 0 0 7 ? | 202 |
12.1% | Given the context, answer the question.
Context: 2022 international . in general , our international markets are less advanced with respect to the current technologies deployed for wireless services . as a result , demand for our communications sites is driven by continued voice network investments , new market entrants and initial 3g data network deployments . for example , in india , nationwide voice networks continue to be deployed as wireless service providers are beginning their initial investments in 3g data networks , as a result of recent spectrum auctions . in mexico and brazil , where nationwide voice networks have been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers and new market entrants to begin their initial investments in 3g data networks . in markets such as chile and peru , recent spectrum auctions have attracted new market entrants , who are expected to begin their investment in deploying nationwide voice and 3g data networks . we believe demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks . rental and management operations new site revenue growth . during the year ended december 31 , 2010 , we grew our portfolio of communications sites through acquisitions and construction activities , including the acquisition and construction of approximately 7800 sites . we continue to evaluate opportunities to acquire larger communications site portfolios , both domestically and internationally , that we believe we can effectively integrate into our existing portfolio. .
new sites ( acquired or constructed ) | 2010 | 2009 | 2008 domestic | 947 | 528 | 160 international ( 1 ) | 6865 | 3022 | 801
( 1 ) the majority of sites acquired or constructed internationally during 2010 and 2009 were in india and our newly launched operations in chile , colombia and peru . network development services segment revenue growth . as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a small percentage of our total revenues . through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites . rental and management operations expenses . our rental and management operations expenses include our direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance and utilities . these segment level expenses exclude all segment and corporate level selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense . in general , our rental and management segment level selling , general and administrative expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow . in geographic areas where we have recently launched operations or are focused on materially expanding our site footprint , we may incur additional segment level selling , general and administrative expenses as we increase our presence in these areas . our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities . reit election . as we review our tax strategy and assess the utilization of our federal and state nols , we are actively considering an election to a reit for u.s . federal and , where applicable , state income tax purposes . we may make the determination to elect reit status for the taxable year beginning january 1 , 2012 , as early as the second half of 2011 , subject to the approval of our board of directors , although there is no certainty as to the timing of a reit election or whether we will make a reit election at all. .
Question: w h a t p o r t i o n o f t h e n e w s i t e s a c q u i r e d o r c o n s t r u c t e d d u r i n g 2 0 1 0 i s l o c a t e d i n u n i t e d s t a t e s ? | 203 |
-3.5% | Given the context, answer the question.
Context: item 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 94% ( 94 % ) and 93% ( 93 % ) as of december 31 , 2017 and 2016 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
as of december 31, | increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates | increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates 2017 | $ -20.2 ( 20.2 ) | $ 20.6 2016 | -26.3 ( 26.3 ) | 26.9
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we did not have any interest rate swaps outstanding as of december 31 , 2017 . we had $ 791.0 of cash , cash equivalents and marketable securities as of december 31 , 2017 that we generally invest in conservative , short-term bank deposits or securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2017 and 2016 , we had interest income of $ 19.4 and $ 20.1 , respectively . based on our 2017 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 7.9 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2017 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the foreign currencies that most impacted our results during 2017 included the british pound sterling and , to a lesser extent , brazilian real and south african rand . based on 2017 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2017 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures . we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .
Question: w h a t i s t h e g r o w t h r a t e i n t h e i n t e r e s t i n c o m e i n 2 0 1 7 r e l a t i v e t o 2 0 1 6 ? | 204 |
35% | Given the context, answer the question.
Context: entergy mississippi , inc . management's financial discussion and analysis the net wholesale revenue variance is primarily due to lower profit on joint account sales and reduced capacity revenue from the municipal energy agency of mississippi . gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased primarily due to an increase of $ 152.5 million in fuel cost recovery revenues due to higher fuel rates , partially offset by a decrease of $ 43 million in gross wholesale revenues due to a decrease in net generation and purchases in excess of decreased net area demand resulting in less energy available for resale sales coupled with a decrease in system agreement remedy receipts . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by decreased demand and decreased recovery from customers of deferred fuel costs . other regulatory charges increased primarily due to increased recovery through the grand gulf rider of grand gulf capacity costs due to higher rates and increased recovery of costs associated with the power management recovery rider . there is no material effect on net income due to quarterly adjustments to the power management recovery rider . 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .
| amount ( in millions ) 2006 net revenue | $ 466.1 base revenue | 7.9 volume/weather | 4.5 transmission revenue | 4.1 transmission equalization | 4.0 reserve equalization | 3.8 attala costs | -10.2 ( 10.2 ) other | 6.7 2007 net revenue | $ 486.9
the base revenue variance is primarily due to a formula rate plan increase effective july 2007 . the formula rate plan filing is discussed further in "state and local rate regulation" below . the volume/weather variance is primarily due to increased electricity usage primarily in the residential and commercial sectors , including the effect of more favorable weather on billed electric sales in 2007 compared to 2006 . billed electricity usage increased 214 gwh . the increase in usage was partially offset by decreased usage in the industrial sector . the transmission revenue variance is due to higher rates and the addition of new transmission customers in late 2006 . the transmission equalization variance is primarily due to a revision made in 2006 of transmission equalization receipts among entergy companies . the reserve equalization variance is primarily due to a revision in 2006 of reserve equalization payments among entergy companies due to a ferc ruling regarding the inclusion of interruptible loads in reserve .
Question: w h a t p e r c e n t o f t h e c h a n g e i n r e v e n u e w a s d u e t o v o l u m e / w e a t h e r ? | 205 |
1171.4 | Given the context, answer the question.
Context: item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: .
calendar year: | pre-tax catastrophe losses ( dollars in millions ) | 2017 | $ 1472.6 2016 | 301.2 2015 | 53.8 2014 | 56.3 2013 | 194.0
our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: w h a t w a s t h e c h a n g e p r e - t a x c a t a s t r o p h e l o s s e s f r o m 2 0 1 6 t o 2 0 1 7 i n t h o u s a n d s | 206 |
86.9% | Given the context, answer the question.
Context: the activity related to the restructuring liability for 2004 is as follows ( in thousands ) : non-operating items interest income increased $ 1.7 million to $ 12.0 million in 2005 from $ 10.3 million in 2004 . the increase was mainly the result of higher returns on invested funds . interest expense decreased $ 1.0 million , or 5% ( 5 % ) , to $ 17.3 million in 2005 from $ 18.3 million in 2004 as a result of the exchange of newly issued stock for a portion of our outstanding convertible debt in the second half of 2005 . in addition , as a result of the issuance during 2005 of common stock in exchange for convertible subordinated notes , we recorded a non- cash charge of $ 48.2 million . this charge related to the incremental shares issued in the transactions over the number of shares that would have been issued upon the conversion of the notes under their original terms . liquidity and capital resources we have incurred operating losses since our inception and historically have financed our operations principally through public and private offerings of our equity and debt securities , strategic collaborative agreements that include research and/or development funding , development milestones and royalties on the sales of products , investment income and proceeds from the issuance of stock under our employee benefit programs . at december 31 , 2006 , we had cash , cash equivalents and marketable securities of $ 761.8 million , which was an increase of $ 354.2 million from $ 407.5 million at december 31 , 2005 . the increase was primarily a result of : 2022 $ 313.7 million in net proceeds from our september 2006 public offering of common stock ; 2022 $ 165.0 million from an up-front payment we received in connection with signing the janssen agreement ; 2022 $ 52.4 million from the issuance of common stock under our employee benefit plans ; and 2022 $ 30.0 million from the sale of shares of altus pharmaceuticals inc . common stock and warrants to purchase altus common stock . these cash inflows were partially offset by the significant cash expenditures we made in 2006 related to research and development expenses and sales , general and administrative expenses . capital expenditures for property and equipment during 2006 were $ 32.4 million . at december 31 , 2006 , we had $ 42.1 million in aggregate principal amount of the 2007 notes and $ 59.6 million in aggregate principal amount of the 2011 notes outstanding . the 2007 notes are due in september 2007 and are convertible into common stock at the option of the holder at a price equal to $ 92.26 per share , subject to adjustment under certain circumstances . in february 2007 , we announced that we will redeem our 2011 notes on march 5 , 2007 . the 2011 notes are convertible into shares of our common stock at the option of the holder at a price equal to $ 14.94 per share . we expect the holders of the 2011 notes will elect to convert their notes into stock , in which case we will issue approximately 4.0 million . we will be required to repay any 2011 notes that are not converted at the rate of $ 1003.19 per $ 1000 principal amount , which includes principal and interest that will accrue to the redemption date . liability as of december 31 , payments in 2004 cash received from sublease , net of operating costs in 2004 additional charge in liability as of december 31 , lease restructuring liability and other operating lease liability $ 69526 $ ( 31550 ) $ 293 $ 17574 $ 55843 .
| liability as of december 31 2003 | cash payments in 2004 | cash received from sublease net of operating costs in 2004 | additional charge in 2004 | liability as of december 31 2004 lease restructuring liability and other operating lease liability | $ 69526 | $ -31550 ( 31550 ) | $ 293 | $ 17574 | $ 55843
the activity related to the restructuring liability for 2004 is as follows ( in thousands ) : non-operating items interest income increased $ 1.7 million to $ 12.0 million in 2005 from $ 10.3 million in 2004 . the increase was mainly the result of higher returns on invested funds . interest expense decreased $ 1.0 million , or 5% ( 5 % ) , to $ 17.3 million in 2005 from $ 18.3 million in 2004 as a result of the exchange of newly issued stock for a portion of our outstanding convertible debt in the second half of 2005 . in addition , as a result of the issuance during 2005 of common stock in exchange for convertible subordinated notes , we recorded a non- cash charge of $ 48.2 million . this charge related to the incremental shares issued in the transactions over the number of shares that would have been issued upon the conversion of the notes under their original terms . liquidity and capital resources we have incurred operating losses since our inception and historically have financed our operations principally through public and private offerings of our equity and debt securities , strategic collaborative agreements that include research and/or development funding , development milestones and royalties on the sales of products , investment income and proceeds from the issuance of stock under our employee benefit programs . at december 31 , 2006 , we had cash , cash equivalents and marketable securities of $ 761.8 million , which was an increase of $ 354.2 million from $ 407.5 million at december 31 , 2005 . the increase was primarily a result of : 2022 $ 313.7 million in net proceeds from our september 2006 public offering of common stock ; 2022 $ 165.0 million from an up-front payment we received in connection with signing the janssen agreement ; 2022 $ 52.4 million from the issuance of common stock under our employee benefit plans ; and 2022 $ 30.0 million from the sale of shares of altus pharmaceuticals inc . common stock and warrants to purchase altus common stock . these cash inflows were partially offset by the significant cash expenditures we made in 2006 related to research and development expenses and sales , general and administrative expenses . capital expenditures for property and equipment during 2006 were $ 32.4 million . at december 31 , 2006 , we had $ 42.1 million in aggregate principal amount of the 2007 notes and $ 59.6 million in aggregate principal amount of the 2011 notes outstanding . the 2007 notes are due in september 2007 and are convertible into common stock at the option of the holder at a price equal to $ 92.26 per share , subject to adjustment under certain circumstances . in february 2007 , we announced that we will redeem our 2011 notes on march 5 , 2007 . the 2011 notes are convertible into shares of our common stock at the option of the holder at a price equal to $ 14.94 per share . we expect the holders of the 2011 notes will elect to convert their notes into stock , in which case we will issue approximately 4.0 million . we will be required to repay any 2011 notes that are not converted at the rate of $ 1003.19 per $ 1000 principal amount , which includes principal and interest that will accrue to the redemption date . liability as of december 31 , payments in 2004 cash received from sublease , net of operating costs in 2004 additional charge in liability as of december 31 , lease restructuring liability and other operating lease liability $ 69526 $ ( 31550 ) $ 293 $ 17574 $ 55843 .
Question: w h a t i s t h e p e r c e n t c h a n g e i n c a s h , c a s h e q u i v a l e n t s a n d m a r k e t a b l e s e c u r i t i e s b e t w e e n 2 0 0 5 a n d 2 0 0 6 ? | 207 |
2.23% | Given the context, answer the question.
Context: notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company ( b ) these reclassifications were recorded to interest expense and cost of products sold . additional details regarding the company's cash flow hedges are provided in note 13 . on august 25 , 2016 , in anticipation of proceeds to be received from the divestiture of the respiratory solutions business in the first quarter of fiscal year 2017 , the company entered into an accelerated share repurchase ( "asr" ) agreement . subsequent to the end of the company's fiscal year 2016 and as per the terms of the asr agreement , the company received approximately 1.3 million shares of its common stock , which was recorded as a $ 220 million increase to common stock in treasury . note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
| 2016 | 2015 | 2014 average common shares outstanding | 212702 | 202537 | 193299 dilutive share equivalents from share-based plans | 4834 | 4972 | 4410 average common and common equivalent shares outstanding 2014 assuming dilution | 217536 | 207509 | 197709
average common and common equivalent shares outstanding 2014 assuming dilution 217536 207509 197709 upon closing the acquisition of carefusion corporation ( 201ccarefusion 201d ) on march 17 , 2015 , the company issued approximately 15.9 million of its common shares as part of the purchase consideration . additional disclosures regarding this acquisition are provided in note 9 . options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation . for the years ended september 30 , 2016 , 2015 and 2014 there were no options to purchase shares of common stock which were excluded from the diluted earnings per share calculation. .
Question: a s o f s e p t e m b e r 3 0 , 2 0 1 4 w h a t w a s t h e p e r c e n t o f t h e t o t a l a v e r a g e c o m m o n a n d c o m m o n e q u i v a l e n t s h a r e s o u t s t a n d i n g 2 0 1 4 a s s u m i n g d i l u t i o n t h a t w a s d i l u t e s h a r e e q u i v a l e n t s f r o m s h a r e - b a s e d p l a n s | 208 |
18.3% | Given the context, answer the question.
Context: item 7 . management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe . our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis . 2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil . 2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in e.g . certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward- looking statements concerning trends or events potentially affecting our business . these statements typically contain words such as "anticipates" "believes" "estimates" "expects" "targets" "plans" "projects" "could" "may" "should" "would" or similar words indicating that future outcomes are uncertain . in accordance with "safe harbor" provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements . for additional risk factors affecting our business , see item 1a . risk factors in this annual report on form 10-k . management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 . business , item 1a . risk factors and item 8 . financial statements and supplementary data found in this annual report on form 10-k . spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc . marathon stockholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held . a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off . activities related to the downstream business have been treated as discontinued operations in 2011 and 2010 ( see item 8 . financial statements and supplementary data 2013 note 3 to the consolidated financial statements for additional information ) . overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows . the following table lists benchmark crude oil and natural gas price annual averages for the past three years. .
benchmark | 2012 | 2011 | 2010 wti crude oil ( dollars per bbl ) | $ 94.15 | $ 95.11 | $ 79.61 brent ( europe ) crude oil ( dollars per bbl ) | $ 111.65 | $ 111.26 | $ 79.51 henry hub natural gas ( dollars per mmbtu ) ( a ) | $ 2.79 | $ 4.04 | $ 4.39
henry hub natural gas ( dollars per mmbtu ) ( a ) $ 2.79 $ 4.04 $ 4.39 ( a ) settlement date average . liquid hydrocarbon 2013 prices of crude oil have been volatile in recent years , but less so when comparing annual averages for 2012 and 2011 . in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti . the quality , location and composition of our liquid hydrocarbon production mix will cause our u.s . liquid hydrocarbon realizations to differ from the wti benchmark . in 2012 , 2011 and 2010 , the percentage of our u.s . crude oil and condensate production that was sour averaged 37 percent , 58 percent and 68 percent . sour crude contains more sulfur and tends to be heavier than light sweet crude oil so that refining it is more costly and produces lower value products ; therefore , sour crude is considered of lower quality and typically sells at a discount to wti . the percentage of our u.s . crude and condensate production that is sour has been decreasing as onshore production from the eagle ford and bakken shale plays increases and production from the gulf of mexico declines . in recent years , crude oil sold along the u.s . gulf coast has been priced at a premium to wti because the louisiana light sweet benchmark has been tracking brent , while production from inland areas farther from large refineries has been at a discount to wti . ngls were 10 percent , 7 percent and 6 percent of our u.s . liquid hydrocarbon sales in 2012 , 2011 and 2010 . in 2012 , our sales of ngls increased due to our development of u.s . unconventional liquids-rich plays. .
Question: b y w h a t p e r c e n t a g e d i d t h e a v e r a g e p r i c e o f w t i c r u d e o i l i n c r e a s e f r o m 2 0 1 0 t o 2 0 1 2 ? | 209 |
-40.1% | Given the context, answer the question.
Context: ventas , inc . notes to consolidated financial statements 2014 ( continued ) if we experience certain kinds of changes of control , the issuers must make an offer to repurchase the senior notes , in whole or in part , at a purchase price in cash equal to 101% ( 101 % ) of the principal amount of the senior notes , plus any accrued and unpaid interest to the date of purchase ; provided , however , that in the event moody 2019s and s&p have confirmed their ratings at ba3 or higher and bb- or higher on the senior notes and certain other conditions are met , this repurchase obligation will not apply . mortgages at december 31 , 2006 , we had outstanding 53 mortgage loans that we assumed in connection with various acquisitions . outstanding principal balances on these loans ranged from $ 0.4 million to $ 114.4 million as of december 31 , 2006 . the loans bear interest at fixed rates ranging from 5.6% ( 5.6 % ) to 8.5% ( 8.5 % ) per annum , except with respect to eight loans with outstanding principal balances ranging from $ 0.4 million to $ 114.4 million , which bear interest at the lender 2019s variable rates , ranging from 3.6% ( 3.6 % ) to 8.5% ( 8.5 % ) per annum at of december 31 , 2006 . the fixed rate debt bears interest at a weighted average annual rate of 7.06% ( 7.06 % ) and the variable rate debt bears interest at a weighted average annual rate of 5.61% ( 5.61 % ) as of december 31 , 2006 . the loans had a weighted average maturity of eight years as of december 31 , 2006 . the $ 114.4 variable mortgage debt was repaid in january 2007 . scheduled maturities of borrowing arrangements and other provisions as of december 31 , 2006 , our indebtedness has the following maturities ( in thousands ) : .
2007 | $ 130206 2008 | 33117 2009 | 372725 2010 | 265915 2011 | 273761 thereafter | 1261265 total maturities | 2336989 less unamortized commission fees and discounts | -7936 ( 7936 ) senior notes payable and other debt | $ 2329053
certain provisions of our long-term debt contain covenants that limit our ability and the ability of certain of our subsidiaries to , among other things : ( i ) incur debt ; ( ii ) make certain dividends , distributions and investments ; ( iii ) enter into certain transactions ; ( iv ) merge , consolidate or transfer certain assets ; and ( v ) sell assets . we and certain of our subsidiaries are also required to maintain total unencumbered assets of at least 150% ( 150 % ) of this group 2019s unsecured debt . derivatives and hedging in the normal course of business , we are exposed to the effect of interest rate changes . we limit these risks by following established risk management policies and procedures including the use of derivatives . for interest rate exposures , derivatives are used primarily to fix the rate on debt based on floating-rate indices and to manage the cost of borrowing obligations . we currently have an interest rate swap to manage interest rate risk ( the 201cswap 201d ) . we prohibit the use of derivative instruments for trading or speculative purposes . further , we have a policy of only entering into contracts with major financial institutions based upon their credit ratings and other factors . when viewed in conjunction with the underlying and offsetting exposure that the derivative is designed to hedge , we do not anticipate any material adverse effect on our net income or financial position in the future from the use of derivatives. .
Question: w h a t w a s t h e p e r c e n t o f g r o w t h i n m a t u r i t i e s f r o m 2 0 0 9 t o 2 0 1 0 | 210 |
66% | Given the context, answer the question.
Context: hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) determination of the measurement date for the market price of acquirer securities issued in a purchase business combination . the components and allocation of the purchase price , consists of the following approximate amounts: .
net tangible assets acquired as of july 13 2006 | $ 800 in-process research and development | 10200 developed technology and know how | 39500 customer relationship | 15700 trade name | 3300 order backlog | 800 deferred income taxes | 4400 goodwill | 145900 estimated purchase price | $ 220600
the company has begun to assess and formulate a plan to restructure certain of r2 2019s historical activities . as of the acquisition date the company recorded a liability of approximately $ 798 in accordance with eitf issue no . 95-3 , recognition of liabilities in connection with a purchase business combination , related to the termination of certain employees and loss related to the abandonment of certain lease space under this plan of which approximately $ 46 has been paid as of september 30 , 2006 . the company believes this plan will be finalized within one year from the acquisition date and will record any additional liabilities at such time resulting in an increase to goodwill . the final purchase price allocations will be completed within one year of the acquisition and any adjustments are not expected to have a material impact on the company 2019s financial position or results of operation . as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationships , trademarks and developed technology had separately identifiable values . customer relationships represent r2 2019s strong active customer base , dominant market position and strong partnership with several large companies . trademarks represent the r2 product names that the company intends to continue to use . developed technology represents currently marketable purchased products that the company continues to resell as well as utilize to enhance and incorporate into the company 2019s existing products . the estimated $ 10200 of purchase price allocated to in-process research and development projects primarily related to r2s digital cad products . the projects are expected to add direct digital algorithm capabilities as well as a new platform technology to analyze images and breast density measurement . the project is approximately 20% ( 20 % ) complete and the company expects to spend approximately $ 3100 over the year to complete . the deferred income tax asset relates to the tax effect of acquired net operating loss carry forwards that the company believes are realizable partially offset by acquired identifiable intangible assets , and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes . acquisition of suros surgical systems , inc . on july 27 , 2006 , the company completed the acquisition of suros surgical systems , inc. , pursuant to an agreement and plan of merger dated april 17 , 2006 . the results of operations for suros have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography business segment . suros surgical , located in indianapolis , indiana , develops , manufactures and sells minimally invasive interventional breast biopsy technology and products for biopsy , tissue removal and biopsy site marking. .
Question: w h a t p e r c e n t a g e o f t h e e s t i m a t e d p u r c h a s e p r i c e i s g o o d w i l l ? | 211 |
-4% | Given the context, answer the question.
Context: reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : .
| 2008 | 2007 | 2006 weighted average shares outstanding for basic net earnings per share | 227.3 | 235.5 | 243.0 effect of dilutive stock options and other equity awards | 1.0 | 2.0 | 2.4 weighted average shares outstanding for diluted net earnings per share | 228.3 | 237.5 | 245.4
weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .
Question: w h a t w a s t h e p e r c e n t a g e c h a n g e i n w e i g h t e d a v e r a g e s h a r e s o u t s t a n d i n g f o r d i l u t e d n e t e a r n i n g s p e r s h a r e f r o m 2 0 0 7 t o 2 0 0 8 ? | 212 |
38.7% | Given the context, answer the question.
Context: for the year ended december 31 , 2005 , we realized net losses of $ 1 million on sales of available-for- sale securities . unrealized gains of $ 1 million were included in other comprehensive income at december 31 , 2004 , net of deferred taxes of less than $ 1 million , related to these sales . for the year ended december 31 , 2004 , we realized net gains of $ 26 million on sales of available-for- sale securities . unrealized gains of $ 11 million were included in other comprehensive income at december 31 , 2003 , net of deferred taxes of $ 7 million , related to these sales . note 13 . equity-based compensation the 2006 equity incentive plan was approved by shareholders in april 2006 , and 20000000 shares of common stock were approved for issuance for stock and stock-based awards , including stock options , stock appreciation rights , restricted stock , deferred stock and performance awards . in addition , up to 8000000 shares from our 1997 equity incentive plan , that were available to issue or become available due to cancellations and forfeitures , may be awarded under the 2006 plan . the 1997 plan expired on december 18 , 2006 . as of december 31 , 2006 , 1305420 shares from the 1997 plan have been added to and may be awarded from the 2006 plan . as of december 31 , 2006 , 106045 awards have been made under the 2006 plan . we have stock options outstanding from previous plans , including the 1997 plan , under which no further grants can be made . the exercise price of non-qualified and incentive stock options and stock appreciation rights may not be less than the fair value of such shares at the date of grant . stock options and stock appreciation rights issued under the 2006 plan and the prior 1997 plan generally vest over four years and expire no later than ten years from the date of grant . for restricted stock awards issued under the 2006 plan and the prior 1997 plan , stock certificates are issued at the time of grant and recipients have dividend and voting rights . in general , these grants vest over three years . for deferred stock awards issued under the 2006 plan and the prior 1997 plan , no stock is issued at the time of grant . generally , these grants vest over two- , three- or four-year periods . performance awards granted under the 2006 equity incentive plan and the prior 1997 plan are earned over a performance period based on achievement of goals , generally over two- to three- year periods . payment for performance awards is made in shares of our common stock or in cash equal to the fair market value of our common stock , based on certain financial ratios after the conclusion of each performance period . we record compensation expense , equal to the estimated fair value of the options on the grant date , on a straight-line basis over the options 2019 vesting period . we use a black-scholes option-pricing model to estimate the fair value of the options granted . the weighted-average assumptions used in connection with the option-pricing model were as follows for the years indicated. .
| 2006 | 2005 | 2004 dividend yield | 1.41% ( 1.41 % ) | 1.85% ( 1.85 % ) | 1.35% ( 1.35 % ) expected volatility | 26.50 | 28.70 | 27.10 risk-free interest rate | 4.60 | 4.19 | 3.02 expected option lives ( in years ) | 7.8 | 7.8 | 5.0
compensation expense related to stock options , stock appreciation rights , restricted stock awards , deferred stock awards and performance awards , which we record as a component of salaries and employee benefits expense in our consolidated statement of income , was $ 208 million , $ 110 million and $ 74 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively . the related total income tax benefit recorded in our consolidated statement of income was $ 83 million , $ 44 million and $ 30 million for 2006 , 2005 and 2004 , respectively . seq 87 copyarea : 38 . x 54 . trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\fc\\delivery_1024177\\2771-1-do_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:11:13 2007 ( v 2.247w--stp1pae18 ) .
Question: w h a t i s t h e g r o w t h r a t e i n t h e r i s k - f r e e i n t e r e s t r a t e f r o m 2 0 0 4 t o 2 0 0 5 ? | 213 |
31.6 | Given the context, answer the question.
Context: entergy new orleans , inc . management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase in electricity usage in the residential and commercial sectors due in part to a 4% ( 4 % ) increase in the average number of residential customers and a 3% ( 3 % ) increase in the average number of commercial customers , partially offset by the effect of less favorable weather on residential sales . gross operating revenues gross operating revenues decreased primarily due to : a decrease of $ 16.2 million in electric fuel cost recovery revenues due to lower fuel rates ; a decrease of $ 15.4 million in gross gas revenues primarily due to lower fuel cost recovery revenues as a result of lower fuel rates and the effect of milder weather ; and formula rate plan decreases effective october 2010 and october 2011 , as discussed above . the decrease was partially offset by an increase in gross wholesale revenue due to increased sales to affiliated customers and more favorable volume/weather , as discussed above . 2010 compared to 2009 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) .
| amount ( in millions ) 2009 net revenue | $ 243.0 volume/weather | 17.0 net gas revenue | 14.2 effect of 2009 rate case settlement | -6.6 ( 6.6 ) other | 5.3 2010 net revenue | $ 272.9
the volume/weather variance is primarily due to an increase of 348 gwh , or 7% ( 7 % ) , in billed retail electricity usage primarily due to more favorable weather compared to last year . the net gas revenue variance is primarily due to more favorable weather compared to last year , along with the recognition of a gas regulatory asset associated with the settlement of entergy new orleans 2019s electric and gas formula rate plans . see note 2 to the financial statements for further discussion of the formula rate plan settlement . the effect of 2009 rate case settlement variance results from the april 2009 settlement of entergy new orleans 2019s rate case , and includes the effects of realigning non-fuel costs associated with the operation of grand gulf from the fuel adjustment clause to electric base rates effective june 2009 . see note 2 to the financial statements for further discussion of the rate case settlement . other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to the deferral in 2011 of $ 13.4 million of 2010 michoud plant maintenance costs pursuant to the settlement of entergy new orleans 2019s 2010 test year formula rate plan filing approved by the city council in september 2011 and a decrease of $ 8.0 million in fossil- fueled generation expenses due to higher plant outage costs in 2010 due to a greater scope of work at the michoud plant . see note 2 to the financial statements for more discussion of the 2010 test year formula rate plan filing. .
Question: w h a t w a s t h e a m o u n t o f t h e s u m o f t h e f a c t o r s t h a t c o n t r i b u t e d t o t h e d e c r e a s e i n t h e g r o s s o p e r a t i n g r e v e n u e s | 214 |
2.1% | Given the context, answer the question.
Context: there were no options granted in excess of market value in 2011 , 2010 or 2009 . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 33775543 at december 31 , 2011 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 35304422 shares at december 31 , 2011 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2011 , we issued 731336 shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2011 , 2010 and 2009 include 27090 , 29040 , and 39552 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which requires liability accounting treatment until such awards are paid to the participants as cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full on awarded deferred stock units on the date of grant . incentive/performance unit share awards and restricted stock/unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant . the value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period . the personnel and compensation committee of the board of directors approves the final award payout with respect to incentive/performance unit share awards . restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months . beginning in 2011 , we incorporated two changes to certain awards under our existing long-term incentive compensation programs . first , for certain grants of incentive performance units , the future payout amount will be subject to a negative annual adjustment if pnc fails to meet certain risk-related performance metrics . this adjustment is in addition to the existing financial performance metrics relative to our peers . these grants have a three-year performance period and are payable in either stock or a combination of stock and cash . second , performance-based restricted share units ( performance rsus ) were granted in 2011 to certain of our executives in lieu of stock options . these performance rsus ( which are payable solely in stock ) have a service condition , an internal risk-related performance condition , and an external market condition . satisfaction of the performance condition is based on four independent one-year performance periods . the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2011 , 2010 and 2009 was $ 63.25 , $ 54.59 and $ 41.16 per share , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . nonvested incentive/performance unit share awards and restricted stock/unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average date fair nonvested restricted stock/ shares weighted- average date fair .
shares in thousands december 31 2010 | nonvested incentive/ performance unit shares 363 | weighted- average grant date fair value $ 56.40 | nonvested restricted stock/ unit shares 2250 | weighted- average grant date fair value $ 49.95 granted | 623 | 64.21 | 1059 | 62.68 vested | -156 ( 156 ) | 59.54 | -706 ( 706 ) | 51.27 forfeited | | | -91 ( 91 ) | 52.24 december 31 2011 | 830 | $ 61.68 | 2512 | $ 54.87
in the chart above , the unit shares and related weighted- average grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares , as those dividends will be paid in cash . at december 31 , 2011 , there was $ 61 million of unrecognized deferred compensation expense related to nonvested share- based compensation arrangements granted under the incentive plans . this cost is expected to be recognized as expense over a period of no longer than five years . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2011 , 2010 and 2009 was approximately $ 52 million , $ 39 million and $ 47 million , respectively . liability awards we grant annually cash-payable restricted share units to certain executives . the grants were made primarily as part of an annual bonus incentive deferral plan . while there are time- based and service-related vesting criteria , there are no market or performance criteria associated with these awards . compensation expense recognized related to these awards was recorded in prior periods as part of annual cash bonus criteria . as of december 31 , 2011 , there were 753203 of these cash- payable restricted share units outstanding . 174 the pnc financial services group , inc . 2013 form 10-k .
Question: i n 2 0 1 1 , w h a t p e r c e n t a g e o f c o m m o n s t o c k s w e r e i s s u e d f r o m t r e a s u r y s t o c k f r o m s t o c k o p t i o n a c t i v i t y ? | 215 |
19.4% | Given the context, answer the question.
Context: the company files income tax returns in the u.s . federal jurisdiction , and various states and foreign jurisdictions . with few exceptions , the company is no longer subject to u.s . federal , state and local , or non-u.s . income tax examinations by tax authorities for years before 1999 . it is anticipated that its examination for the company 2019s u.s . income tax returns for the years 2002 through 2004 will be completed by the end of first quarter 2008 . as of december 31 , 2007 , the irs has proposed adjustments to the company 2019s tax positions for which the company is fully reserved . payments relating to any proposed assessments arising from the 2002 through 2004 audit may not be made until a final agreement is reached between the company and the irs on such assessments or upon a final resolution resulting from the administrative appeals process or judicial action . in addition to the u.s . federal examination , there is also limited audit activity in several u.s . state and foreign jurisdictions . currently , the company expects the liability for unrecognized tax benefits to change by an insignificant amount during the next 12 months . the company adopted the provisions of fasb interpretation no . 48 , 201caccounting for uncertainty in income taxes , 201d on january 1 , 2007 . as a result of the implementation of interpretation 48 , the company recognized an immaterial increase in the liability for unrecognized tax benefits , which was accounted for as a reduction to the january 1 , 2007 , balance of retained earnings . a reconciliation of the beginning and ending amount of gross unrecognized tax benefits ( 201cutb 201d ) is as follows : ( millions ) federal , state , and foreign tax .
( millions ) | federal state and foreign tax gross utb balance at january 1 2007 | $ 691 additions based on tax positions related to the current year | 79 additions for tax positions of prior years | 143 reductions for tax positions of prior years | -189 ( 189 ) settlements | -24 ( 24 ) reductions due to lapse of applicable statute of limitations | -20 ( 20 ) gross utb balance at december 31 2007 | $ 680 net utb impacting the effective tax rate at december 31 2007 | $ 334
the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate as of january 1 , 2007 and december 31 , 2007 , respectively , are $ 261 million and $ 334 million . the ending net utb results from adjusting the gross balance at december 31 , 2007 for items such as federal , state , and non-u.s . deferred items , interest and penalties , and deductible taxes . the net utb is included as components of accrued income taxes and other liabilities within the consolidated balance sheet . the company recognizes interest and penalties accrued related to unrecognized tax benefits in tax expense . at january 1 , 2007 and december 31 , 2007 , accrued interest and penalties on a gross basis were $ 65 million and $ 69 million , respectively . included in these interest and penalty amounts is interest and penalties related to tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility . because of the impact of deferred tax accounting , other than interest and penalties , the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period . in 2007 , the company completed the preparation and filing of its 2006 u.s . federal and state income tax returns , which did not result in any material changes to the company 2019s financial position . in 2006 , an audit of the company 2019s u.s . tax returns for years through 2001 was completed . the company and the internal revenue service reached a final settlement for these years , including an agreement on the amount of a refund claim to be filed by the company . the company also substantially resolved audits in certain european countries . in addition , the company completed the preparation and filing of its 2005 u.s . federal income tax return and the corresponding 2005 state income tax returns . the adjustments from amounts previously estimated in the u.s . federal and state income tax returns ( both positive and negative ) included lower u.s . taxes on dividends received from the company's foreign subsidiaries . the company also made quarterly adjustments ( both positive and negative ) to its reserves for tax contingencies . considering the developments noted above and other factors , including the impact on open audit years of the recent resolution of issues in various audits , these reassessments resulted in a reduction of the reserves in 2006 by $ 149 million , inclusive of the expected amount of certain refund claims . in 2005 , the company announced its intent to reinvest $ 1.7 billion of foreign earnings in the united states pursuant to the provisions of the american jobs creation act of 2004 . this act provided the company the opportunity to tax- .
Question: a t j a n u a r y 1 2 0 0 7 w h a t w a s t h e p e r c e n t o f t h e i n t e r e s t a n d p e n a l t i e s i n c l u d e d i n t h e g r o s s u n r e c o g n i z e d t a x b e n e f i t s | 216 |
13.0% | Given the context, answer the question.
Context: 2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) .
2017 | $ 176138 2018 | 166961 2019 | 142987 2020 | 124856 2021 | 118168 2022 and thereafter | 626495 total future minimum sponsorship and other payments | $ 1355605
total future minimum sponsorship and other payments $ 1355605 the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . other than as described below , the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v . under armour , inc. ) . on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v . under armour , inc. ) . the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive . the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints . in general , the allegations in each case concern disclosures and statements made by .
Question: w h a t p o r t i o n o f t h e t o t a l f u t u r e m i n i m u m s p o n s o r s h i p a n d o t h e r p a y m e n t s w i l l b e d u e i n t h e n e x t 1 2 m o n t h s ? | 217 |
395% | Given the context, answer the question.
Context: company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index on september 30 , 2006 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc . s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends . fiscal year ending september 30 . copyright a9 2011 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright a9 2011 dow jones & co . all rights reserved . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .
| september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495 s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94 s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197 dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120
.
Question: w h a t w a s t h e c u m u l a t i v e p e r c e n t a g e r e t u r n f o r t h e f i v e y e a r s e n d e d s e p t e m b e r 3 0 , 2 0 1 1 f o r a p p l e i n c . ? | 218 |
17.2% | Given the context, answer the question.
Context: .
years ended december 31 | 2018 | 2017 | 2016 statutory tax rate | 19.0% ( 19.0 % ) | 19.3% ( 19.3 % ) | 20.0% ( 20.0 % ) u.s . state income taxes net of u.s . federal benefit | -0.4 ( 0.4 ) | -1.5 ( 1.5 ) | 0.4 taxes on international operations ( 1 ) | -7.3 ( 7.3 ) | -30.3 ( 30.3 ) | -12.2 ( 12.2 ) nondeductible expenses | 2.7 | 3.4 | 1.4 adjustments to prior year tax requirements | 0.9 | 2.0 | -1.2 ( 1.2 ) adjustments to valuation allowances | 3.8 | -1.8 ( 1.8 ) | -2.2 ( 2.2 ) change in uncertain tax positions | 0.9 | 1.6 | 3.2 excess tax benefits related to shared based compensation ( 2 ) | -3.6 ( 3.6 ) | -8.0 ( 8.0 ) | 2014 u.s . tax reform impact ( 3 ) | 7.1 | 51.2 | 2014 loss on disposition | -10.2 ( 10.2 ) | 2014 | 2014 other 2014 net | -1.2 ( 1.2 ) | 0.6 | 1.2 effective tax rate | 11.7% ( 11.7 % ) | 36.5% ( 36.5 % ) | 10.6% ( 10.6 % )
( 1 ) the company determines the adjustment for taxes on international operations based on the difference between the statutory tax rate applicable to earnings in each foreign jurisdiction and the enacted rate of 19.0% ( 19.0 % ) , 19.3% ( 19.3 % ) and 20.0% ( 20.0 % ) at december 31 , 2018 , 2017 , and 2016 , respectively . the benefit to the company 2019s effective income tax rate from taxes on international operations relates to benefits from lower-taxed global operations , primarily due to the use of global funding structures and the tax holiday in singapore . the impact decreased from 2017 to 2018 primarily as a result of the decrease in the u.s . federal tax ( 2 ) with the adoption of asu 2016-09 in 2017 , excess tax benefits and deficiencies from share-based payment transactions are recognized as income tax expense or benefit in the company 2019s consolidated statements of income . ( 3 ) the impact of the tax reform act including the transition tax , the re-measurement of u.s . deferred tax assets and liabilities from 35% ( 35 % ) to 21% ( 21 % ) , withholding tax accruals , and the allocation of tax benefit between continuing operations and discontinued operations related to utilization of foreign tax credits. .
Question: w h a t i s t h e d i f f e r e n c e b e t w e e n t h e s t a t u t o r y t a x r a t e a n d t h e e f f e c t i v e t a x r a t e f o r i n t e r n a t i o n a l o p e r a t i o n s i n 2 0 1 8 ? | 219 |
-24% | Given the context, answer the question.
Context: goodwill is reviewed annually during the fourth quarter for impairment . in addition , the company performs an impairment analysis of other intangible assets based on the occurrence of other factors . such factors include , but are not limited to , signifi- cant changes in membership , state funding , medical contracts and provider networks and contracts . an impairment loss is rec- ognized if the carrying value of intangible assets exceeds the implied fair value . the company did not recognize any impair- ment losses for the periods presented . medical claims liabilities medical services costs include claims paid , claims reported but not yet paid ( inventory ) , estimates for claims incurred but not yet received ( ibnr ) and estimates for the costs necessary to process unpaid claims . the estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns , cost trends , product mix , seasonality , utiliza- tion of healthcare services and other relevant factors including product changes . these estimates are continually reviewed and adjustments , if necessary , are reflected in the period known . management did not change actuarial methods during the years presented . management believes the amount of medical claims payable is reasonable and adequate to cover the company 2019s liabil- ity for unpaid claims as of december 31 , 2005 ; however , actual claim payments may differ from established estimates . revenue recognition the majority of the company 2019s medicaid managed care premi- um revenue is received monthly based on fixed rates per member as determined by state contracts . some contracts allow for addi- tional premium related to certain supplemental services provided such as maternity deliveries . revenue is recognized as earned over the covered period of services . revenues are recorded based on membership and eligibility data provided by the states , which may be adjusted by the states for updates to this membership and eligibility data . these adjustments are immaterial in relation to total revenue recorded and are reflected in the period known . premiums collected in advance are recorded as unearned revenue . the specialty services segment generates revenue under con- tracts with state and local government entities , our health plans and third-party customers . revenues for services are recognized when the services are provided or as ratably earned over the cov- ered period of services . for performance-based contracts , the company does not recognize revenue subject to refund until data is sufficient to measure performance . such amounts are recorded as unearned revenue . revenues due to the company are recorded as premium and related receivables and recorded net of an allowance for uncol- lectible accounts based on historical trends and management 2019s judgment on the collectibility of these accounts . activity in the allowance for uncollectible accounts for the years ended december 31 is summarized below: .
| 2005 | 2004 | 2003 allowances beginning of year | $ 462 | $ 607 | $ 219 amounts charged to expense | 80 | 407 | 472 write-offs of uncollectible receivables | -199 ( 199 ) | -552 ( 552 ) | -84 ( 84 ) allowances end of year | $ 343 | $ 462 | $ 607
significant customers centene receives the majority of its revenues under contracts or subcontracts with state medicaid managed care programs . the contracts , which expire on various dates between june 30 , 2006 and august 31 , 2008 , are expected to be renewed . contracts with the states of indiana , kansas , texas and wisconsin each accounted for 18% ( 18 % ) , 12% ( 12 % ) , 22% ( 22 % ) and 23% ( 23 % ) , respectively , of the company 2019s revenues for the year ended december 31 , 2005 . reinsurance centene has purchased reinsurance from third parties to cover eligible healthcare services . the current reinsurance program covers 90% ( 90 % ) of inpatient healthcare expenses in excess of annual deductibles of $ 300 per member , up to a lifetime maximum of $ 2000 . centene 2019s medicaid managed care subsidiaries are respon- sible for inpatient charges in excess of an average daily per diem . reinsurance recoveries were $ 4014 , $ 3730 , and $ 5345 , in 2005 , 2004 , and 2003 , respectively . reinsurance expenses were approximately $ 4105 , $ 6724 , and $ 6185 in 2005 , 2004 , and 2003 , respectively . reinsurance recoveries , net of expenses , are included in medical costs . other income ( expense ) other income ( expense ) consists principally of investment income and interest expense . investment income is derived from the company 2019s cash , cash equivalents , restricted deposits and investments . interest expense relates to borrowings under our credit facility , mortgage interest , interest on capital leases and credit facility fees . income taxes deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change . valuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized . in determining if a deductible temporary difference or net operating loss can be realized , the company considers future reversals of .
Question: w h a t w a s t h e p e r c e n t a g e c h a n g e i n t h e a l l o w a n c e f o r u n c o l l e c t i b l e a c c o u n t s f r o m y e a r e n d 2 0 0 3 t o 2 0 0 4 ? | 220 |
70 | Given the context, answer the question.
Context: table of contents notes to consolidated financial statements ( continued ) note 6 2014shareholders 2019 equity preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding . under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock . ceo restricted stock award on march 19 , 2003 , the company 2019s board of directors granted 10 million shares of restricted stock to the company 2019s ceo that vested on march 19 , 2006 . the amount of the restricted stock award expensed by the company was based on the closing market price of the company 2019s common stock on the date of grant and was amortized ratably on a straight-line basis over the three-year requisite service period . upon vesting during 2006 , the 10 million shares of restricted stock had a fair value of $ 646.6 million and had grant-date fair value of $ 7.48 per share . the restricted stock award was net-share settled such that the company withheld shares with value equivalent to the ceo 2019s minimum statutory obligation for the applicable income and other employment taxes , and remitted the cash to the appropriate taxing authorities . the total shares withheld of 4.6 million were based on the value of the restricted stock award on the vesting date as determined by the company 2019s closing stock price of $ 64.66 . the remaining shares net of those withheld were delivered to the company 2019s ceo . total payments for the ceo 2019s tax obligations to the taxing authorities was $ 296 million in 2006 and are reflected as a financing activity within the consolidated statements of cash flows . the net-share settlement had the effect of share repurchases by the company as it reduced and retired the number of shares outstanding and did not represent an expense to the company . the company 2019s ceo has no remaining shares of restricted stock . for the year ended september 30 , 2006 , compensation expense related to restricted stock was $ 4.6 million . comprehensive income comprehensive income consists of two components , net income and other comprehensive income . other comprehensive income refers to revenue , expenses , gains , and losses that under u.s . generally accepted accounting principles are recorded as an element of shareholders 2019 equity but are excluded from net income . the company 2019s other comprehensive income consists of foreign currency translation adjustments from those subsidiaries not using the u.s . dollar as their functional currency , unrealized gains and losses on marketable securities categorized as available- for-sale , and net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges . the following table summarizes the components of accumulated other comprehensive income , net of taxes , as of the three fiscal years ended september 27 , 2008 ( in millions ) : the change in fair value of available-for-sale securities included in other comprehensive income was $ ( 63 ) million , $ ( 7 ) million , and $ 4 million , net of taxes in 2008 , 2007 , and 2006 , respectively . the tax effect related to the change in unrealized gain/loss on available-for-sale securities was $ 42 million , $ 4 million , and $ ( 2 ) million for 2008 , 2007 , and 2006 , respectively. .
| 2008 | 2007 | 2006 unrealized losses on available-for-sale securities | $ -70 ( 70 ) | $ -7 ( 7 ) | $ 2014 unrealized gains on derivative instruments | 19 | 2014 | 3 cumulative foreign currency translation | 59 | 70 | 19 accumulated other comprehensive income | $ 8 | $ 63 | $ 22
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Question: w h a t w a s t h e g r e a t e s t a n n u a l a m o u n t i n m i l l i o n s o f c u m u l a t i v e f o r e i g n c u r r e n c y t r a n s l a t i o n ? | 221 |
21% | Given the context, answer the question.
Context: higher in the first half of the year , but declined dur- ing the second half of the year reflecting the pass- through to customers of lower resin input costs . however , average margins benefitted from a more favorable mix of products sold . raw material costs were lower , primarily for resins . freight costs were also favorable , while operating costs increased . shorewood sales volumes in 2009 declined from 2008 levels reflecting weaker demand in the home entertainment segment and a decrease in tobacco segment orders as customers have shifted pro- duction outside of the united states , partially offset by higher shipments in the consumer products segment . average sales margins improved reflecting a more favorable mix of products sold . raw material costs were higher , but were partially offset by lower freight costs . operating costs were favorable , reflect- ing benefits from business reorganization and cost reduction actions taken in 2008 and 2009 . charges to restructure operations totaled $ 7 million in 2009 and $ 30 million in 2008 . entering 2010 , coated paperboard sales volumes are expected to increase , while average sales price real- izations should be comparable to 2009 fourth-quarter levels . raw material costs are expected to be sig- nificantly higher for wood , energy and chemicals , but planned maintenance downtime costs will decrease . foodservice sales volumes are expected to remain about flat , but average sales price realizations should improve slightly . input costs for resins should be higher , but will be partially offset by lower costs for bleached board . shorewood sales volumes are expected to decline reflecting seasonal decreases in home entertainment segment shipments . operating costs are expected to be favorable reflecting the benefits of business reorganization efforts . european consumer packaging net sales in 2009 were $ 315 million compared with $ 300 million in 2008 and $ 280 million in 2007 . operating earnings in 2009 of $ 66 million increased from $ 22 million in 2008 and $ 30 million in 2007 . sales volumes in 2009 were higher than in 2008 reflecting increased ship- ments to export markets . average sales margins declined due to increased shipments to lower- margin export markets and lower average sales prices in western europe . entering 2010 , sales volumes for the first quarter are expected to remain strong . average margins should improve reflecting increased sales price realizations and a more favorable geographic mix of products sold . input costs are expected to be higher due to increased wood prices in poland and annual energy tariff increases in russia . asian consumer packaging net sales were $ 545 million in 2009 compared with $ 390 million in 2008 and $ 330 million in 2007 . operating earnings in 2009 were $ 24 million compared with a loss of $ 13 million in 2008 and earnings of $ 12 million in 2007 . the improved operating earnings in 2009 reflect increased sales volumes , higher average sales mar- gins and lower input costs , primarily for chemicals . the loss in 2008 was primarily due to a $ 12 million charge to revalue pulp inventories at our shandong international paper and sun coated paperboard co. , ltd . joint venture and start-up costs associated with the joint venture 2019s new folding box board paper machine . distribution xpedx , our distribution business , markets a diverse array of products and supply chain services to cus- tomers in many business segments . customer demand is generally sensitive to changes in general economic conditions , although the commercial printing segment is also dependent on consumer advertising and promotional spending . distribution 2019s margins are relatively stable across an economic cycle . providing customers with the best choice and value in both products and supply chain services is a key competitive factor . additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability . distribution in millions 2009 2008 2007 .
in millions | 2009 | 2008 | 2007 sales | $ 6525 | $ 7970 | $ 7320 operating profit | 50 | 103 | 108
distribution 2019s 2009 annual sales decreased 18% ( 18 % ) from 2008 and 11% ( 11 % ) from 2007 while operating profits in 2009 decreased 51% ( 51 % ) compared with 2008 and 54% ( 54 % ) compared with 2007 . annual sales of printing papers and graphic arts supplies and equipment totaled $ 4.1 billion in 2009 compared with $ 5.2 billion in 2008 and $ 4.7 billion in 2007 , reflecting weak economic conditions in 2009 . trade margins as a percent of sales for printing papers increased from 2008 but decreased from 2007 due to a higher mix of lower margin direct ship- ments from manufacturers . revenue from packaging products was $ 1.3 billion in 2009 compared with $ 1.7 billion in 2008 and $ 1.5 billion in 2007 . trade margins as a percent of sales for packaging products were higher than in the past two years reflecting an improved product and service mix . facility supplies annual revenue was $ 1.1 billion in 2009 , essentially .
Question: w h a t w a s t h e p e r c e n t a g e d e c r e a s e i n a n n u a l s a l e s o f p r i n t i n g p a p e r s a n d g r a p h i c a r t s s u p p l i e s a n d e q u i p m e n t f r o m 2 0 0 8 t o 2 0 0 9 ? | 222 |
-124 | Given the context, answer the question.
Context: entergy corporation and subsidiaries management 2019s financial discussion and analysis combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . these costs are being amortized over a nine-year period beginning december 2015 . see note 2 to the financial statements for further discussion of the business combination and customer credits . the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales . the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings results 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 . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .
| amount ( in millions ) 2015 net revenue | $ 1666 nuclear realized price changes | -149 ( 149 ) rhode island state energy center | -44 ( 44 ) nuclear volume | -36 ( 36 ) fitzpatrick reimbursement agreement | 41 nuclear fuel expenses | 68 other | -4 ( 4 ) 2016 net revenue | $ 1542
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , although the average revenue per mwh shown in the table below for the nuclear fleet is slightly higher because it includes revenues from the fitzpatrick reimbursement agreement with exelon , the amortization of the palisades below-market ppa , and vermont yankee capacity revenue . the effect of the amortization of the palisades below-market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 . see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 . see 201cnuclear .
Question: w h a t i s t h e n e t c h a n g e i n n e t r e v e n u e d u r i n g 2 0 1 6 ? | 223 |
14.2% | Given the context, answer the question.
Context: marathon oil corporation notes to consolidated financial statements ( g ) this obligation relates to a lease of equipment at united states steel 2019s clairton works cokemaking facility in pennsylvania . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 . ( h ) these notes are senior secured notes of marathon oil canada corporation . the notes are secured by substantially all of marathon oil canada corporation 2019s assets . in january 2008 , we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes . ( i ) these obligations as of december 31 , 2009 include $ 36 million related to assets under construction at that date for which a capital lease will commence upon completion of construction . the amounts currently reported are based upon the percent of construction completed as of december 31 , 2009 and therefore do not reflect future minimum lease obligations of $ 164 million related to the asset . ( j ) payments of long-term debt for the years 2010 - 2014 are $ 102 million , $ 246 million , $ 1492 million , $ 287 million and $ 802 million . united steel is due to pay $ 17 million in 2010 , $ 161 million in 2011 , $ 19 million in 2012 , and $ 11 for year 2014 . ( k ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 662 million at december 31 , 2009 , may be declared immediately due and payable . ( l ) see note 16 for information on interest rate swaps . 20 . asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2009 2008 .
( in millions ) | 2009 | 2008 asset retirement obligations as of january 1 | $ 965 | $ 1134 liabilities incurred including acquisitions | 14 | 30 liabilities settled | -65 ( 65 ) | -94 ( 94 ) accretion expense ( included in depreciation depletion and amortization ) | 64 | 66 revisions to previous estimates | 124 | 24 held for sale | - | -195 ( 195 ) asset retirement obligations as of december 31 ( a ) | $ 1102 | $ 965
asset retirement obligations as of december 31 ( a ) $ 1102 $ 965 ( a ) includes asset retirement obligation of $ 3 and $ 2 million classified as short-term at december 31 , 2009 , and 2008. .
Question: b y w h a t p e r c e n t a g e d i d a s s e t r e t i r e m e n t o b l i g a t i o n s i n c r e a s e f r o m 2 0 0 8 t o 2 0 0 9 ? | 224 |
506127 | Given the context, answer the question.
Context: the principal components of eog's rollforward of valuation allowances for deferred income tax assets were as follows ( in thousands ) : .
| 2017 | 2016 | 2015 beginning balance | $ 383221 | $ 506127 | $ 463018 increase ( 1 ) | 67333 | 37221 | 146602 decrease ( 2 ) | -13687 ( 13687 ) | -12667 ( 12667 ) | -4315 ( 4315 ) other ( 3 ) | 29554 | -147460 ( 147460 ) | -99178 ( 99178 ) ending balance | $ 466421 | $ 383221 | $ 506127
( 1 ) increase in valuation allowance related to the generation of tax nols and other deferred tax assets . ( 2 ) decrease in valuation allowance associated with adjustments to certain deferred tax assets and their related allowance . ( 3 ) represents dispositions/revisions/foreign exchange rate variances and the effect of statutory income tax rate changes . as of december 31 , 2017 , eog had state income tax nols being carried forward of approximately $ 1.7 billion , which , if unused , expire between 2018 and 2036 . during 2017 , eog's united kingdom subsidiary incurred a tax nol of approximately $ 72 million which , along with prior years' nols of $ 857 million , will be carried forward indefinitely . eog also has united states federal and canadian nols of $ 335 million and $ 158 million , respectively , with varying carryforward periods . eog's remaining amt credits total $ 798 million , resulting from amt paid with respect to prior years and an increase of $ 41 million in 2017 . as described above , these nols and credits , as well as other less significant future income tax benefits , have been evaluated for the likelihood of utilization , and valuation allowances have been established for the portion of these deferred income tax assets that t do not meet the "more likely than not" threshold . as further described above , significant changes were made by the tcja to the corporate amt that are favorable to eog , including the refunding of amt credit carryovers . due to these legislative changes , eog intends to settle certain uncertain tax positions related to amt credits for taxable years 2011 through 2015 , resulting in a decrease of uncertain tax positions of $ 40 million . the amount of unrecognized tax benefits at december 31 , 2017 , was $ 39 million , resulting from the tax treatment of its research and experimental expenditures related to certain innovations in its horizontal drilling and completion projects , which ish not expected to have an earnings impact . eog records interest and penalties related to unrecognized tax benefits to its income tax provision . eog does not anticipate that the amount of the unrecognized tax benefits will increase during the next twelve months . eog and its subsidiaries file income tax returns and are subject to tax audits in the united states and various state , local and foreign jurisdictions . eog's earliest open tax years in its principal jurisdictions are as follows : united states federal ( 2011 ) , canada ( 2014 ) , united kingdom ( 2016 ) , trinidad ( 2011 ) and china ( 2008 ) . eog's foreign subsidiaries' undistributed earnings are no longer considered to be permanently reinvested outside the u.s . and , accordingly , eog has cumulatively recorded $ 20 million of foreign and state deferred income taxes as of december 31 , 2017 . 7 . employee benefit plans stock-based compensation during 2017 , eog maintained various stock-based compensation plans as discussed below . eog recognizes compensation expense on grants of stock options , sars , restricted stock and restricted stock units , performance units and grants made under the eog resources , inc . employee stock purchase plan ( espp ) . stock-based compensation expense is calculated based upon the grant date estimated fair value of the awards , net of forfeitures , based upon eog's historical employee turnover rate . compensation expense is amortized over the shorter of the vesting period or the period from date of grant until the date the employee becomes eligible to retire without company approval. .
Question: c o n s i d e r i n g t h e e o g ' s r o l l f o r w a r d o f v a l u a t i o n a l l o w a n c e s f o r d e f e r r e d i n c o m e t a x a s s e t s d u r i n g 2 0 1 5 - 2 0 1 7 , w h a t w a s t h e h i g h e s t v a l u e r e g i s t e r e d i n t h e b e g i n n i n g b a l a n c e ? | 225 |
3376 | Given the context, answer the question.
Context: a valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized . changes to our valuation allowance during the year ended december 31 , 2017 , the 2016 fiscal transition period and the years ended may 31 , 2016 and 2015 are summarized below ( in thousands ) : .
balance at may 31 2014 | $ -7199 ( 7199 ) utilization of foreign net operating loss carryforwards | 3387 other | -11 ( 11 ) balance at may 31 2015 | -3823 ( 3823 ) allowance for foreign income tax credit carryforward | -7140 ( 7140 ) allowance for domestic net operating loss carryforwards | -4474 ( 4474 ) allowance for domestic net unrealized capital loss | -1526 ( 1526 ) release of allowance of domestic capital loss carryforward | 1746 other | 98 balance at may 31 2016 | -15119 ( 15119 ) allowance for domestic net operating loss carryforwards | -1504 ( 1504 ) release of allowance of domestic net unrealized capital loss | 12 balance at december 31 2016 | -16611 ( 16611 ) allowance for foreign net operating loss carryforwards | -6469 ( 6469 ) allowance for domestic net operating loss carryforwards | -3793 ( 3793 ) allowance for state credit carryforwards | -685 ( 685 ) rate change on domestic net operating loss and capital loss carryforwards | 3868 utilization of foreign income tax credit carryforward | 7140 balance at december 31 2017 | $ -16550 ( 16550 )
the increase in the valuation allowance related to net operating loss carryforwards of $ 10.3 million for the year ended december 31 , 2017 relates primarily to carryforward assets recorded as part of the acquisition of active network . the increase in the valuation allowance related to domestic net operating loss carryforwards of $ 1.5 million and $ 4.5 million for the 2016 fiscal transition period and the year ended may 31 , 2016 , respectively , relates to acquired carryforwards from the merger with heartland . foreign net operating loss carryforwards of $ 43.2 million and domestic net operating loss carryforwards of $ 28.9 million at december 31 , 2017 will expire between december 31 , 2026 and december 31 , 2037 if not utilized . we conduct business globally and file income tax returns in the domestic federal jurisdiction and various state and foreign jurisdictions . in the normal course of business , we are subject to examination by taxing authorities around the world . we are no longer subjected to state income tax examinations for years ended on or before may 31 , 2008 , u.s . federal income tax examinations for years ended on or before december 31 , 2013 and u.k . federal income tax examinations for years ended on or before may 31 , 2014 . 88 2013 global payments inc . | 2017 form 10-k annual report .
Question: w h a t w a s t h e n e t c h a n g e i n t h e v a l u a t i o n a l l o w a n c e i n t h o u s a n d s b e t w e e n 2 0 1 4 a n d 2 0 1 5 ? | 226 |
54.8 | Given the context, answer the question.
Context: celanese corporation and subsidiaries notes to consolidated financial statements ( continued ) 2022 amend certain material agreements governing bcp crystal 2019s indebtedness ; 2022 change the business conducted by celanese holdings and its subsidiaries ; and 2022 enter into hedging agreements that restrict dividends from subsidiaries . in addition , the senior credit facilities require bcp crystal to maintain the following financial covenants : a maximum total leverage ratio , a maximum bank debt leverage ratio , a minimum interest coverage ratio and maximum capital expenditures limitation . the maximum consolidated net bank debt to adjusted ebitda ratio , as defined , previously required under the senior credit facilities , was eliminated when the company amended the facilities in january 2005 . as of december 31 , 2005 , the company was in compliance with all of the financial covenants related to its debt agreements . the maturation of the company 2019s debt , including short term borrowings , is as follows : ( in $ millions ) .
| total ( in$ millions ) 2006 | 155 2007 | 29 2008 | 22 2009 | 40 2010 | 28 thereafter ( 1 ) | 3163 total | 3437
( 1 ) includes $ 2 million purchase accounting adjustment to assumed debt . 17 . benefit obligations pension obligations . pension obligations are established for benefits payable in the form of retirement , disability and surviving dependent pensions . the benefits offered vary according to the legal , fiscal and economic conditions of each country . the commitments result from participation in defined contribution and defined benefit plans , primarily in the u.s . benefits are dependent on years of service and the employee 2019s compensation . supplemental retirement benefits provided to certain employees are non-qualified for u.s . tax purposes . separate trusts have been established for some non-qualified plans . defined benefit pension plans exist at certain locations in north america and europe . as of december 31 , 2005 , the company 2019s u.s . qualified pension plan represented greater than 85% ( 85 % ) and 75% ( 75 % ) of celanese 2019s pension plan assets and liabilities , respectively . independent trusts or insurance companies administer the majority of these plans . actuarial valuations for these plans are prepared annually . the company sponsors various defined contribution plans in europe and north america covering certain employees . employees may contribute to these plans and the company will match these contributions in varying amounts . contributions to the defined contribution plans are based on specified percentages of employee contributions and they aggregated $ 12 million for the year ended decem- ber 31 , 2005 , $ 8 million for the nine months ended december 31 , 2004 , $ 3 million for the three months ended march 31 , 2004 and $ 11 million for the year ended december 31 , 2003 . in connection with the acquisition of cag , the purchaser agreed to pre-fund $ 463 million of certain pension obligations . during the nine months ended december 31 , 2004 , $ 409 million was pre-funded to the company 2019s pension plans . the company contributed an additional $ 54 million to the non-qualified pension plan 2019s rabbi trusts in february 2005 . in connection with the company 2019s acquisition of vinamul and acetex , the company assumed certain assets and obligations related to the acquired pension plans . the company recorded liabilities of $ 128 million for these pension plans . total pension assets acquired amounted to $ 85 million. .
Question: w h a t i s a v e r a g e o f t h e d e b t m a t u r i t i e s t h a t w i l l o c c u r i n t h e p e r i o d f r o m 2 0 0 6 t o 2 0 1 0 i n m i l l i o n s | 227 |
12% | Given the context, answer the question.
Context: we monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs . we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities . if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper . since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly . cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: .
( $ in millions ) | 2018 | 2017 | 2016 cash from operations | $ 2357 | $ 2227 | $ 1619 non-cash items ( 1 ) | 287 | 1397 | 514
non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization . our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 . we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts . we also have significant borrowing capacity under our credit facility should we need additional working capital . investing activities cash flows acquisition of a business , net of cash acquired . cash outflows of $ 2392 million in 2016 were due to the starwood combination . see footnote 3 . dispositions and acquisitions for more information . capital expenditures and other investments . we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 . capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties . capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination . we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) . over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements . the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets . we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations . in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement . we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments . over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements . fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure . dispositions . property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 . see footnote 3 . dispositions and acquisitions for more information on dispositions. .
Question: n o n c a s h i t e m s r e p r e s e n t w h a t p e r c e n t o f c a s h f r o m o p e r a t i o n s i n 2 0 1 8 ? | 228 |
0.23 | Given the context, answer the question.
Context: properties 51vornado realty trust industrial properties our dry warehouse/industrial properties consist of seven buildings in new jersey containing approximately 1.5 million square feet . the properties are encumbered by two cross-collateralized mortgage loans aggregating $ 47179000 as of december 31 , 2006 . average lease terms range from three to five years . the following table sets forth the occupancy rate and average annual rent per square foot at the end of each of the past five years . average annual occupancy rent per as of december 31 , rate square foot .
as of december 31, | occupancy rate | average annual rent per square foot 2006 | 96.9% ( 96.9 % ) | $ 4.17 2005 | 100.0% ( 100.0 % ) | 4.19 2004 | 88.0% ( 88.0 % ) | 3.96 2003 | 88.0% ( 88.0 % ) | 3.86 2002 | 100.0% ( 100.0 % ) | 3.89
220 central park south , new york city we own a 90% ( 90 % ) interest in 220 central park south . the property contains 122 rental apartments with an aggregate of 133000 square feet and 5700 square feet of commercial space . on november 7 , 2006 , we completed a $ 130000000 refinancing of the property . the loan has two tranches : the first tranche of $ 95000000 bears interest at libor ( capped at 5.50% ( 5.50 % ) ) plus 2.35% ( 2.35 % ) ( 7.70% ( 7.70 % ) as of december 31 , 2006 ) and the second tranche can be drawn up to $ 35000000 and bears interest at libor ( capped at 5.50% ( 5.50 % ) ) plus 2.45% ( 2.45 % ) ( 7.80% ( 7.80 % ) as of december 31 , 2006 ) . as of december 31 , 2006 , approximately $ 27990000 has been drawn on the second tranche . 40 east 66th street , new york city 40 east 66th street , located at madison avenue and east 66th street , contains 37 rental apartments with an aggregate of 85000 square feet , and 10000 square feet of retail space . the rental apartment operations are included in our other segment and the retail operations are included in the retail segment. .
Question: a v e r a g e a n n u a l r e n t p e r s q u a r e f o o t c h a n g e d i n 2 0 0 5 f r o m 2 0 0 4 b y w h a t a m o u n t ? | 229 |
78.72% | Given the context, answer the question.
Context: likely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) .
| oil ( mmbbls ) | gas ( bcf ) | ngls ( mmbbls ) | total ( mmboe ) u.s . onshore | 17 | 736 | 34 | 174 canada | 28 | 199 | 3 | 64 north america onshore | 45 | 935 | 37 | 238
oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .
Question: w h a t p e r c e n t a g e o f n o r t h a m e r i c a g a s c o m e s f r o m u s o n s h o r e ? | 230 |
61.5% | Given the context, answer the question.
Context: the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis . allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction . the regulated utility subsidiaries record afudc to the extent permitted by the pucs . the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations . any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations . afudc is summarized in the following table for the years ended december 31: .
| 2015 | 2014 | 2013 allowance for other funds used during construction | $ 13 | $ 9 | $ 13 allowance for borrowed funds used during construction | 8 | 6 | 6
environmental costs the company 2019s water and wastewater operations are subject to u.s . federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business . environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate . remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated . remediation costs accrued amounted to $ 1 and $ 2 as of december 31 , 2015 and 2014 , respectively . the accrual relates entirely to a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration ( 201cnoaa 201d ) requiring the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california . the company has agreed to pay $ 1 annually from 2010 to 2016 . the company 2019s inception-to-date costs related to the noaa agreement were recorded in regulatory assets in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014 and are expected to be fully recovered from customers in future rates . derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates . these derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures . the company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments . all derivatives are recognized on the balance sheet at fair value . on the date the derivative contract is entered into , the company may designate the derivative as a hedge of the fair value of a recognized asset or liability ( fair-value hedge ) or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ( cash-flow hedge ) . changes in the fair value of a fair-value hedge , along with the gain or loss on the underlying hedged item , are recorded in current-period earnings . the effective portion of gains and losses on cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows . any ineffective portion of designated hedges is recognized in current-period earnings . cash flows from derivative contracts are included in net cash provided by operating activities in the accompanying consolidated statements of cash flows. .
Question: w h a t w a s t h e a l l o w a n c e f o r b o r r o w e d f u n d s u s e d d u r i n g c o n s t r u c t i o n a s a p e r c e n t a g e o f a l l o w a n c e f o r o t h e r f u n d s u s e d d u r i n g c o n s t r u c t i o n d u r i n g 2 0 1 5 ? | 231 |
2757.2 | Given the context, answer the question.
Context: table of contents the company receives a foreign tax credit ( 201cftc 201d ) against its u.s . tax liability for foreign taxes paid by the company including payments from its separate account assets . the separate account ftc is estimated for the current year using information from the most recent filed return , adjusted for the change in the allocation of separate account investments to the international equity markets during the current year . the actual current year ftc can vary from the estimates due to actual ftcs passed through by the mutual funds . the company recorded benefits of $ 16 , $ 11 and $ 17 related to separate account ftc in the years ended december 31 , 2008 , december 31 , 2007 and december 31 , 2006 , respectively . these amounts included benefits related to true- ups of prior years 2019 tax returns of $ 4 , $ 0 and $ 7 in 2008 , 2007 and 2006 respectively . the company 2019s unrecognized tax benefits increased by $ 15 during 2008 as a result of tax positions taken on the company 2019s 2007 tax return and expected to be taken on its 2008 tax return , bringing the total unrecognized tax benefits to $ 91 as of december 31 , 2008 . this entire amount , if it were recognized , would affect the effective tax rate . earnings ( losses ) per common share the following table represents earnings per common share data for the past three years : for additional information on earnings ( losses ) per common share see note 2 of notes to consolidated financial statements . outlooks the hartford provides projections and other forward-looking information in the 201coutlook 201d sections within md&a . the 201coutlook 201d sections contain many forward-looking statements , particularly relating to the company 2019s future financial performance . these forward-looking statements are estimates based on information currently available to the company , are made pursuant to the safe harbor provisions of the private securities litigation reform act of 1995 and are subject to the precautionary statements set forth in the introduction to md&a above . actual results are likely to differ , and in the past have differed , materially from those forecast by the company , depending on the outcome of various factors , including , but not limited to , those set forth in each 201coutlook 201d section and in item 1a , risk factors . outlook during 2008 , the company has been negatively impacted by conditions in the global financial markets and economic conditions in general . as these conditions persist in 2009 , the company would anticipate that it would continue to be negatively impacted , including the effect of rating downgrades that have occurred and those that could occur in the future . see risk factors in item 1a . retail in the long-term , management continues to believe the market for retirement products will expand as individuals increasingly save and plan for retirement . demographic trends suggest that as the 201cbaby boom 201d generation matures , a significant portion of the united states population will allocate a greater percentage of their disposable incomes to saving for their retirement years due to uncertainty surrounding the social security system and increases in average life expectancy . near-term , the industry and the company are experiencing lower variable annuity sales as a result of recent market turbulence and uncertainty in the u.s . financial system . current market pressures are also increasing the expected claim costs , the cost and volatility of hedging programs , and the level of capital needed to support living benefit guarantees . some companies have already begun to increase the price of their guaranteed living benefits and change the level of guarantees offered . in 2009 , the company intends to adjust pricing levels and take certain actions to reduce the risks in its variable annuity product features in order to address the risks and costs associated with variable annuity benefit features in the current economic environment and explore other risk limiting techniques such as increased hedging or other reinsurance structures . competitor reaction , including the extent of competitor risk limiting strategies , is difficult to predict and may result in a decline in retail 2019s market share . significant declines in equity markets and increased equity market volatility are also likely to continue to impact the cost and effectiveness of our gmwb hedging program . continued equity market volatility could result in material losses in our hedging program . for more information on the gmwb hedging program , see the equity risk management section within capital markets risk management . during periods of volatile equity markets , policyholders may allocate more of their variable account assets to the fixed account options and fixed annuities may see increased deposits . in the fourth quarter of 2008 , the company has seen an increase in fixed .
| 2008 | 2007 | 2006 basic earnings ( losses ) per share | $ -8.99 ( 8.99 ) | $ 9.32 | $ 8.89 diluted earnings ( losses ) per share | $ -8.99 ( 8.99 ) | $ 9.24 | $ 8.69 weighted average common shares outstanding ( basic ) | 306.7 | 316.3 | 308.8 weighted average common shares outstanding and dilutive potential common shares ( diluted ) | 306.7 | 319.1 | 315.9
weighted average common shares outstanding and dilutive potential common shares ( diluted ) 306.7 319.1 315.9 .
Question: w h a t i s t h e n e t i n c o m e r e p o r t e d i n 2 0 0 8 , ( i n m i l l i o n s ) ? | 232 |
48 | Given the context, answer the question.
Context: item 1b . unresolved staff comments item 2 . properties the table below provides a summary of our containerboard mills , the principal products produced and each mill 2019s year-end 2011 annual practical maximum capacity based upon all of our paper machines 2019 production capabilities , as reported to the af&pa : location function capacity ( tons ) counce , tn . . . . . . . . . . . . . . . . . . . . . . . . . kraft linerboard mill 1043000 valdosta , ga . . . . . . . . . . . . . . . . . . . . . . . kraft linerboard mill 556000 tomahawk , wi . . . . . . . . . . . . . . . . . . . . . . semi-chemical medium mill 538000 filer city , mi . . . . . . . . . . . . . . . . . . . . . . . semi-chemical medium mill 438000 .
location | function kraft linerboard mill kraft linerboard mill semi-chemical medium mill semi-chemical medium mill | capacity ( tons ) 1043000 556000 538000 438000 counce tn | valdosta ga | tomahawk wi filer city mi | filer city mi | filer city mi total | | 2575000
we currently own our four containerboard mills and 44 of our corrugated manufacturing operations ( 37 corrugated plants and seven sheet plants ) . we also own one warehouse and miscellaneous other property , which includes sales offices and woodlands management offices . these sales offices and woodlands management offices generally have one to four employees and serve as administrative offices . pca leases the space for four corrugated plants , 23 sheet plants , six regional design centers , and numerous other distribution centers , warehouses and facilities . the equipment in these leased facilities is , in virtually all cases , owned by pca , except for forklifts and other rolling stock which are generally leased . we lease the cutting rights to approximately 88000 acres of timberland located near our valdosta mill ( 77000 acres ) and our counce mill ( 11000 acres ) . on average , these cutting rights agreements have terms with approximately 12 years remaining . our corporate headquarters is located in lake forest , illinois . the headquarters facility is leased for the next ten years with provisions for two additional five year lease extensions . item 3 . legal proceedings during september and october 2010 , pca and eight other u.s . and canadian containerboard producers were named as defendants in five purported class action lawsuits filed in the united states district court for the northern district of illinois , alleging violations of the sherman act . the lawsuits have been consolidated in a single complaint under the caption kleen products llc v packaging corp . of america et al . the consolidated complaint alleges that the defendants conspired to limit the supply of containerboard , and that the purpose and effect of the alleged conspiracy was to artificially increase prices of containerboard products during the period from august 2005 to the time of filing of the complaints . the complaint was filed as a purported class action suit on behalf of all purchasers of containerboard products during such period . the complaint seeks treble damages and costs , including attorney 2019s fees . the defendants 2019 motions to dismiss the complaint were denied by the court in april 2011 . pca believes the allegations are without merit and will defend this lawsuit vigorously . however , as the lawsuit is in the early stages of discovery , pca is unable to predict the ultimate outcome or estimate a range of reasonably possible losses . pca is a party to various other legal actions arising in the ordinary course of our business . these legal actions cover a broad variety of claims spanning our entire business . as of the date of this filing , we believe it is not reasonably possible that the resolution of these legal actions will , individually or in the aggregate , have a material adverse effect on our financial condition , results of operations or cash flows. .
Question: w h a t i s t h e t o t a l n u m b e r o f c o n t a i n e r b o a r d m i l l s a n d c o r r u g a t e d m a n u f a c t u r i n g o p e r a t i o n s ? | 233 |
51.3% | Given the context, answer the question.
Context: part ii item 5 : market for registrant's common equity , related stockholder matters and issuer purchases of equity securities motorola's common stock is listed on the new york and chicago stock exchanges . the number of stockholders of record of motorola common stock on january 31 , 2007 was 75892 . the remainder of the response to this item incorporates by reference note 16 , ""quarterly and other financial data ( unaudited ) '' of the notes to consolidated financial statements appearing under ""item 8 : financial statements and supplementary data'' . the following table provides information with respect to acquisitions by the company of shares of its common stock during the quarter ended december 31 , 2006 . issuer purchases of equity securities ( d ) maximum number ( c ) total number ( or approximate dollar of shares purchased value ) of shares that ( a ) total number ( b ) average price as part of publicly may yet be purchased of shares paid per announced plans under the plans or period purchased ( 1 ) ( 4 ) share ( 1 ) ( 2 ) or programs ( 3 ) ( 4 ) programs ( 5 ) .
period | ( a ) total number of shares purchased ( 1 ) ( 4 ) | ( b ) average price paid per share ( 1 ) ( 2 ) | ( c ) total number of shares purchased as part of publicly announced plans or programs ( 3 ) ( 4 ) | ( d ) maximum number ( or approximate dollar value ) of shares that may yet be purchased under the plans or programs ( 5 ) 10/1/06 to 10/28/06 | 5284 | $ 25.82 | 0 | $ 4500000000 10/29/06 to 11/25/06 | 15613158 | $ 22.39 | 15613158 | $ 4150401669 11/26/06 to 12/31/06 | 16430030 | $ 21.29 | 16425602 | $ 3800689819 total | 32048472 | $ 21.83 | 32038760 |
( 1 ) in addition to purchases under the 2006 stock repurchase program ( as defined below ) , included in this column are transactions under the company's equity compensation plans involving the delivery to the company of 8445 shares of motorola common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to company employees and the surrender of 1267 shares of motorola common stock to pay the option exercise price in connection with the exercise of employee stock options . ( 2 ) average price paid per share of stock repurchased under the 2006 stock repurchase program is execution price , excluding commissions paid to brokers . ( 3 ) on may 18 , 2005 , the company announced that its board of directors authorized the company to repurchase up to $ 4 billion of its outstanding shares of common stock over a period of up to 36 months ending in may 2008 , subject to market conditions ( the ""2005 stock repurchase program'' ) . on july 24 , 2006 , the company announced that it entered into an agreement to repurchase approximately $ 1.2 billion of its outstanding shares of common stock . this repurchase , which was accomplished through an accelerated stock buyback ( ""asb'' ) agreement , together with all repurchases made prior to the date thereof , completed the repurchases authorized under the 2005 stock repurchase program . under the asb the company immediately paid $ 1.2 billion and received an initial 37.9 million shares in july followed by an additional 11.3 million shares in august . in october , the company received an additional 1.3 million shares , as the final adjustment under the asb . the total shares repurchased under the asb were 50.5 million . ( 4 ) the 1.3 million shares delivered under the asb that were delivered in october , but paid for in july , have not been reflected in october purchases . ( 5 ) the company also announced on july 24 , 2006 that its board of directors authorized the company to repurchase up to an additional $ 4.5 billion of its outstanding shares of common stock over a period of up to 36 months ending in june 2009 , subject to market conditions ( the ""2006 stock repurchase program'' ) . %%transmsg*** transmitting job : c11830 pcn : 033000000 *** %%pcmsg| |00024|yes|no|02/28/2007 03:55|0|1|page is valid , no graphics -- color : n| .
Question: i n 2 0 0 6 w h a t w a s t h e p e r c e n t o f t h e t o t a l n u m b e r o f s h a r e s p u r c h a s e d a s p a r t o f p u b l i c l y a n n o u n c e d p l a n s o r p r o g r a m s o n o r a f t e r 1 1 / 2 6 / 2 0 0 6 | 234 |
28% | Given the context, answer the question.
Context: years 2002 , 2003 , 2004 , and the first two quarters of fiscal 2005 . the restatement related to tax matters . the company provided information to the sec staff relating to the facts and circumstances surrounding the restatement . on july 28 , 2006 , the company filed an amendment to its annual report on form 10-k for the fiscal year ended may 29 , 2005 . the filing amended item 6 . selected financial data and exhibit 12 , computation of ratios of earnings to fixed charges , for fiscal year 2001 , and certain restated financial information for fiscal years 1999 and 2000 , all related to the application of certain of the company 2019s reserves for the three years and fiscal year 1999 income tax expense . the company provided information to the sec staff relating to the facts and circumstances surrounding the amended filing . the company reached an agreement with the sec staff concerning matters associated with these amended filings . that proposed settlement was approved by the securities and exchange commission on july 17 , 2007 . on july 24 , 2007 , the sec filed its complaint against the company in the united states district court for the district of colorado , followed by an executed consent , which without the company admitting or denying the allegations of the complaint , reflects the terms of the settlement , including payment by the company of a civil penalty of $ 45 million and the company 2019s agreement to be permanently enjoined from violating certain provisions of the federal securities laws . additionally , the company made approximately $ 2 million in indemnity payments on behalf of former employees concluding separate settlements with the sec . the company recorded charges of $ 25 million in fiscal 2004 , $ 21.5 million in the third quarter of fiscal 2005 , and $ 1.2 million in the first quarter of fiscal 2007 in connection with the expected settlement of these matters . three purported class actions were filed in united states district court for nebraska , rantala v . conagra foods , inc. , et . al. , case no . 805cv349 , and bright v . conagra foods , inc. , et . al. , case no . 805cv348 on july 18 , 2005 , and boyd v . conagra foods , inc. , et . al. , case no . 805cv386 on august 8 , 2005 . the lawsuits are against the company , its directors and its employee benefits committee on behalf of participants in the company 2019s employee retirement income savings plans . the lawsuits allege violations of the employee retirement income security act ( erisa ) in connection with the events resulting in the company 2019s april 2005 restatement of its financial statements and related matters . the company has reached a settlement with the plaintiffs in these actions subject to court approval . the settlement includes a $ 4 million payment , most of which will be paid by an insurer . the company has also agreed to make certain prospective changes to its benefit plans as part of the settlement . 2006 vs . 2005 net sales ( $ in millions ) reporting segment fiscal 2006 net sales fiscal 2005 net sales % ( % ) increase/ ( decrease ) .
reporting segment | fiscal 2006 net sales | fiscal 2005 net sales | % ( % ) increase/ ( decrease ) consumer foods | $ 6504 | $ 6598 | ( 1 ) % ( % ) food and ingredients | 3189 | 2986 | 7% ( 7 % ) trading and merchandising | 1186 | 1224 | ( 3 ) % ( % ) international foods | 603 | 576 | 5% ( 5 % ) total | $ 11482 | $ 11384 | 1% ( 1 % )
overall , company net sales increased $ 98 million to $ 11.5 billion in fiscal 2006 , primarily reflecting favorable results in the food and ingredients and international foods segments . price increases driven by higher input costs for potatoes , wheat milling and dehydrated vegetables within the food and ingredients segment , coupled with the strength of foreign currencies within the international foods segment enhanced net sales . these increases were partially offset by volume declines in the consumer foods segment , principally related to certain shelf stable brands and declines in the trading and merchandising segment related to decreased volumes and certain divestitures and closures. .
Question: w h a t p e r c e n t a g e o f t o t a l n e t s a l e s w h e r e c o m p r i s e d o f f o o d a n d i n g r e d i e n t s i n 2 0 0 6 ? | 235 |
52.32% | Given the context, answer the question.
Context: for the year ended december 31 , 2005 , we realized net losses of $ 1 million on sales of available-for- sale securities . unrealized gains of $ 1 million were included in other comprehensive income at december 31 , 2004 , net of deferred taxes of less than $ 1 million , related to these sales . for the year ended december 31 , 2004 , we realized net gains of $ 26 million on sales of available-for- sale securities . unrealized gains of $ 11 million were included in other comprehensive income at december 31 , 2003 , net of deferred taxes of $ 7 million , related to these sales . note 13 . equity-based compensation the 2006 equity incentive plan was approved by shareholders in april 2006 , and 20000000 shares of common stock were approved for issuance for stock and stock-based awards , including stock options , stock appreciation rights , restricted stock , deferred stock and performance awards . in addition , up to 8000000 shares from our 1997 equity incentive plan , that were available to issue or become available due to cancellations and forfeitures , may be awarded under the 2006 plan . the 1997 plan expired on december 18 , 2006 . as of december 31 , 2006 , 1305420 shares from the 1997 plan have been added to and may be awarded from the 2006 plan . as of december 31 , 2006 , 106045 awards have been made under the 2006 plan . we have stock options outstanding from previous plans , including the 1997 plan , under which no further grants can be made . the exercise price of non-qualified and incentive stock options and stock appreciation rights may not be less than the fair value of such shares at the date of grant . stock options and stock appreciation rights issued under the 2006 plan and the prior 1997 plan generally vest over four years and expire no later than ten years from the date of grant . for restricted stock awards issued under the 2006 plan and the prior 1997 plan , stock certificates are issued at the time of grant and recipients have dividend and voting rights . in general , these grants vest over three years . for deferred stock awards issued under the 2006 plan and the prior 1997 plan , no stock is issued at the time of grant . generally , these grants vest over two- , three- or four-year periods . performance awards granted under the 2006 equity incentive plan and the prior 1997 plan are earned over a performance period based on achievement of goals , generally over two- to three- year periods . payment for performance awards is made in shares of our common stock or in cash equal to the fair market value of our common stock , based on certain financial ratios after the conclusion of each performance period . we record compensation expense , equal to the estimated fair value of the options on the grant date , on a straight-line basis over the options 2019 vesting period . we use a black-scholes option-pricing model to estimate the fair value of the options granted . the weighted-average assumptions used in connection with the option-pricing model were as follows for the years indicated. .
| 2006 | 2005 | 2004 dividend yield | 1.41% ( 1.41 % ) | 1.85% ( 1.85 % ) | 1.35% ( 1.35 % ) expected volatility | 26.50 | 28.70 | 27.10 risk-free interest rate | 4.60 | 4.19 | 3.02 expected option lives ( in years ) | 7.8 | 7.8 | 5.0
compensation expense related to stock options , stock appreciation rights , restricted stock awards , deferred stock awards and performance awards , which we record as a component of salaries and employee benefits expense in our consolidated statement of income , was $ 208 million , $ 110 million and $ 74 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively . the related total income tax benefit recorded in our consolidated statement of income was $ 83 million , $ 44 million and $ 30 million for 2006 , 2005 and 2004 , respectively . seq 87 copyarea : 38 . x 54 . trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\fc\\delivery_1024177\\2771-1-do_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:11:13 2007 ( v 2.247w--stp1pae18 ) .
Question: b y w h a t p e r c e n t d i d t h e r i s k f r e e i n t e r e s t r a t e i n c r e a s e b e t w e e n 2 0 0 4 a n d 2 0 0 6 ? | 236 |
2484034 | Given the context, answer the question.
Context: american tower corporation and subsidiaries notes to consolidated financial statements the valuation allowance increased from $ 47.8 million as of december 31 , 2009 to $ 48.2 million as of december 31 , 2010 . the increase was primarily due to valuation allowances on foreign loss carryforwards . at december 31 , 2010 , the company has provided a valuation allowance of approximately $ 48.2 million which primarily relates to state net operating loss carryforwards , equity investments and foreign items . the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient taxable income to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period . valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability . the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing projections based on its current operations . the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period . accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions . based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized . the company 2019s deferred tax assets as of december 31 , 2010 and 2009 in the table above do not include $ 122.1 million and $ 113.9 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses . total stockholders 2019 equity as of december 31 , 2010 will be increased by $ 122.1 million if and when any such excess tax benefits are ultimately realized . at december 31 , 2010 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.2 billion , including losses related to employee stock options of $ 0.3 billion . if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .
years ended december 31, | federal | state | foreign 2011 to 2015 | $ 2014 | $ 2014 | $ 503 2016 to 2020 | 2014 | 331315 | 5509 2021 to 2025 | 774209 | 576780 | 2014 2026 to 2030 | 423398 | 279908 | 92412 total | $ 1197607 | $ 1188003 | $ 98424
in addition , the company has mexican tax credits of $ 5.2 million which if not utilized would expire in 2017. .
Question: w h a t i s t h e t o t a l n e t o p e r a t i n g l o s s c a r r y f o r w a r d s ? | 237 |
1016 | Given the context, answer the question.
Context: item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion and analysis is based primarily on the consolidated financial statements of welltower inc . presented in conformity with u.s . generally accepted accounting principles ( 201cu.s . gaap 201d ) for the periods presented and should be read together with the notes thereto contained in this annual report on form 10-k . other important factors are identified in 201citem 1 2014 business 201d and 201citem 1a 2014 risk factors 201d above . executive summary company overview welltower inc . ( nyse:well ) , an s&p 500 company headquartered in toledo , ohio , is driving the transformation of health care infrastructure . the company invests with leading seniors housing operators , post- acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people 2019s wellness and overall health care experience . welltowertm , a real estate investment trust ( 201creit 201d ) , owns interests in properties concentrated in major , high-growth markets in the united states ( 201cu.s . 201d ) , canada and the united kingdom ( 201cu.k . 201d ) , consisting of seniors housing and post-acute communities and outpatient medical properties . our capital programs , when combined with comprehensive planning , development and property management services , make us a single-source solution for acquiring , planning , developing , managing , repositioning and monetizing real estate assets . the following table summarizes our consolidated portfolio for the year ended december 31 , 2017 ( dollars in thousands ) : type of property noi ( 1 ) percentage of number of properties .
type of property | noi ( 1 ) | percentage of noi | number of properties triple-net | $ 967084 | 43.3% ( 43.3 % ) | 573 seniors housing operating | 880026 | 39.5% ( 39.5 % ) | 443 outpatient medical | 384068 | 17.2% ( 17.2 % ) | 270 totals | $ 2231178 | 100.0% ( 100.0 % ) | 1286
( 1 ) represents consolidated noi and excludes our share of investments in unconsolidated entities . entities in which we have a joint venture with a minority partner are shown at 100% ( 100 % ) of the joint venture amount . see non-gaap financial measures for additional information and reconciliation . business strategy our primary objectives are to protect stockholder capital and enhance stockholder value . we seek to pay consistent cash dividends to stockholders and create opportunities to increase dividend payments to stockholders as a result of annual increases in net operating income and portfolio growth . to meet these objectives , we invest across the full spectrum of seniors housing and health care real estate and diversify our investment portfolio by property type , relationship and geographic location . substantially all of our revenues are derived from operating lease rentals , resident fees/services , and interest earned on outstanding loans receivable . these items represent our primary sources of liquidity to fund distributions and depend upon the continued ability of our obligors to make contractual rent and interest payments to us and the profitability of our operating properties . to the extent that our obligors/partners experience operating difficulties and become unable to generate sufficient cash to make payments or operating distributions to us , there could be a material adverse impact on our consolidated results of operations , liquidity and/or financial condition . to mitigate this risk , we monitor our investments through a variety of methods determined by the type of property . our asset management process for seniors housing properties generally includes review of monthly financial statements and other operating data for each property , review of obligor/ partner creditworthiness , property inspections , and review of covenant compliance relating to licensure , real estate taxes , letters of credit and other collateral . our internal property management division manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations .
Question: w h a t w a s t o t a l n u m b e r o f p r o p e r t i e s s u b j e c t t o t r i p l e - n e t l e a s e s a n d s e n i o r s h o u s i n g o p e r a t i n g h o u s i n g ? | 238 |
-1.4 | Given the context, answer the question.
Context: entergy texas , inc . management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
| amount ( in millions ) 2007 net revenue | $ 442.3 volume/weather | -4.6 ( 4.6 ) reserve equalization | -3.3 ( 3.3 ) securitization transition charge | 9.1 fuel recovery | 7.5 other | -10.1 ( 10.1 ) 2008 net revenue | $ 440.9
the volume/weather variance is primarily due to decreased usage during the unbilled sales period . see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues . the reserve equalization variance is primarily due to lower reserve equalization revenue related to changes in the entergy system generation mix compared to the same period in 2007 . the securitization transition charge variance is primarily due to the issuance of securitization bonds . in june 2007 , entergy gulf states reconstruction funding i , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . see note 5 to the financial statements for additional information regarding the securitization bonds . the fuel recovery variance is primarily due to a reserve for potential rate refunds made in the first quarter 2007 as a result of a puct ruling related to the application of past puct rulings addressing transition to competition in texas . the other variance is primarily caused by various operational effects of the jurisdictional separation on revenues and fuel and purchased power expenses . gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues increased $ 229.3 million primarily due to the following reasons : an increase of $ 157 million in fuel cost recovery revenues due to higher fuel rates and increased usage , partially offset by interim fuel refunds to customers for fuel cost recovery over-collections through november 2007 . the refund was distributed over a two-month period beginning february 2008 . the interim refund and the puct approval is discussed in note 2 to the financial statements ; an increase of $ 37.1 million in affiliated wholesale revenue primarily due to increases in the cost of energy ; an increase in transition charge amounts collected from customers to service the securitization bonds as discussed above . see note 5 to the financial statements for additional information regarding the securitization bonds ; and implementation of an interim surcharge to collect $ 10.3 million in under-recovered incremental purchased capacity costs incurred through july 2007 . the surcharge was collected over a two-month period beginning february 2008 . the incremental capacity recovery rider and puct approval is discussed in note 2 to the financial statements. .
Question: w h a t i s t h e n e t c h a n g e i n n e t r e v e n u e d u r i n g 2 0 0 8 f o r e n t e r g y t e x a s , i n c . ? | 239 |
0.8 | Given the context, answer the question.
Context: the diluted earnings per share calculation excludes stock options , sars , restricted stock and units and performance units and stock that were anti-dilutive . shares underlying the excluded stock options and sars totaled 10.3 million , 10.2 million and 0.7 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . for the years ended december 31 , 2016 and 2015 , respectively , 4.5 million and 5.3 million shares of restricted stock and restricted stock units and performance units and performance stock were excluded . 10 . supplemental cash flow information net cash paid for interest and income taxes was as follows for the years ended december 31 , 2016 , 2015 and 2014 ( in thousands ) : .
| 2016 | 2015 | 2014 interest net of capitalized interest | $ 252030 | $ 222088 | $ 197383 income taxes net of refunds received | $ -39293 ( 39293 ) | $ 41108 | $ 342741
eog's accrued capital expenditures at december 31 , 2016 , 2015 and 2014 were $ 388 million , $ 416 million and $ 972 million , respectively . non-cash investing activities for the year ended december 31 , 2016 , included $ 3834 million in non-cash additions to eog's oil and gas properties related to the yates transaction ( see note 17 ) . non-cash investing activities for the year ended december 31 , 2014 included non-cash additions of $ 5 million to eog's oil and gas properties as a result of property exchanges . 11 . business segment information eog's operations are all crude oil and natural gas exploration and production related . the segment reporting topic of the asc establishes standards for reporting information about operating segments in annual financial statements . operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker , or decision-making group , in deciding how to allocate resources and in assessing performance . eog's chief operating decision-making process is informal and involves the chairman of the board and chief executive officer and other key officers . this group routinely reviews and makes operating decisions related to significant issues associated with each of eog's major producing areas in the united states , trinidad , the united kingdom and china . for segment reporting purposes , the chief operating decision maker considers the major united states producing areas to be one operating segment. .
Question: c o n s i d e r i n g t h e y e a r s 2 0 1 5 - 2 0 1 6 , w h a t i s v a r i a t i o n o b s e r v e d i n t h e n u m b e r o f s t o c k s t h a t w e r e e x c l u d e d , i n m i l l i o n s ? | 240 |
97.7% | Given the context, answer the question.
Context: anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices . a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s . treasury securities or u.s . government agency securities . our exposure to risk is minimal given the nature of the investments . our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction . based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal . however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate . net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively . total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses . net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively . net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings . we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability . this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss . as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods . we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future . valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments . net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream . our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future . as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved . each clearing firm is required to deposit and maintain specified performance bond collateral . performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time . we accept a variety of collateral to satisfy performance bond requirements . cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets . clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets . the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time . cash performance bonds and guaranty fund contributions consisted of the following at december 31: .
( in millions ) | 2010 | 2009 cash performance bonds | $ 3717.0 | $ 5834.6 cash guaranty fund contributions | 231.8 | 102.6 cross-margin arrangements | 79.7 | 10.6 performance collateral for delivery | 10.0 | 34.1 total | $ 4038.5 | $ 5981.9
.
Question: w h a t i s t h e p e r c e n t u a l a m o u n t r e p r e s e n t e d b y c a s h p e r f o r m a n c e b o n d s a n d c a s h g u a r a n t y f u n d c o n t r i b u t i o n s i n t h e t o t a l f i g u r e o f 2 0 1 0 , i n m i l l i o n s ? | 241 |
61.66 | Given the context, answer the question.
Context: the descriptions and fair value methodologies for the u.s . and international pension plan assets are as follows : cash and cash equivalents the carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity . equity securities equity securities are valued at the closing market price reported on a u.s . or international exchange where the security is actively traded and are therefore classified as level 1 assets . equity mutual and pooled funds shares of mutual funds are valued at the nav of the fund and are classified as level 1 assets . units of pooled funds are valued at the per unit nav determined by the fund manager based on the value of the underlying traded holdings and are classified as level 2 assets . corporate and government bonds corporate and government bonds are classified as level 2 assets , as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings . other pooled funds other pooled funds classified as level 2 assets are valued at the nav of the shares held at year end , which is based on the fair value of the underlying investments . securities and interests classified as level 3 assets are carried at the estimated fair value . the estimated fair value is based on the fair value of the underlying investment values , which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality , default risk , discount rates , and the overall capital market liquidity . insurance contracts insurance contracts are classified as level 3 assets , as they are carried at contract value , which approximates the estimated fair value . the estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability . contributions and projected benefit payments pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2019 were $ 40.2 . contributions for funded plans resulted primarily from contractual and regulatory requirements . benefit payments to unfunded plans were due primarily to the timing of retirements . we anticipate contributing $ 30 to $ 40 to the defined benefit pension plans in fiscal year 2020 . these contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans , which are dependent upon timing of retirements . projected benefit payments , which reflect expected future service , are as follows: .
| u.s . | international 2020 | $ 166.8 | $ 47.9 2021 | 160.0 | 49.1 2022 | 166.0 | 50.1 2023 | 170.1 | 54.3 2024 | 174.1 | 58.0 2025-2029 | 919.9 | 308.3
these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates. .
Question: c o n s i d e r i n g t h e i n t e r n a t i o n a l p r o j e c t e d b e n e f i t p a y m e n t s , w h a t i s t h e a v e r a g e y e a r l y p r o j e c t i o n o f t h e 2 0 2 5 - 2 0 2 9 p e r i o d ? | 242 |
9104 | Given the context, answer the question.
Context: table of contents in march 2008 , the fasb issued sfas no . 161 , disclosures about derivative instruments and hedging activities 2014an amendment of fasb statement no . 133 , which requires companies to provide additional disclosures about its objectives and strategies for using derivative instruments , how the derivative instruments and related hedged items are accounted for under sfas no . 133 , accounting for derivative instruments and hedging activities , and related interpretations , and how the derivative instruments and related hedged items affect the company 2019s financial statements . sfas no . 161 also requires companies to disclose information about credit risk-related contingent features in their hedged positions . sfas no . 161 is effective for fiscal years and interim periods beginning after november 15 , 2008 and is required to be adopted by the company beginning in the second quarter of fiscal 2009 . although the company will continue to evaluate the application of sfas no . 161 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results . liquidity and capital resources the following table presents selected financial information and statistics as of and for the three fiscal years ended september 27 , 2008 ( in millions ) : as of september 27 , 2008 , the company had $ 24.5 billion in cash , cash equivalents , and short-term investments , an increase of $ 9.1 billion from september 29 , 2007 . the principal components of this net increase were cash generated by operating activities of $ 9.6 billion , proceeds from the issuance of common stock under stock plans of $ 483 million and excess tax benefits from stock-based compensation of $ 757 million . these increases were partially offset by payments for acquisitions of property , plant , and equipment of $ 1.1 billion , payments made in connection with business acquisitions , net of cash acquired , of $ 220 million and payments for acquisitions of intangible assets of $ 108 million . the company 2019s cash generated by operating activities significantly exceeded its net income due primarily to the large increase in deferred revenue , net of deferred costs , associated with subscription accounting for iphone . the company 2019s short-term investment portfolio is invested primarily in highly rated securities with a minimum rating of single-a . as of september 27 , 2008 and september 29 , 2007 , $ 11.3 billion and $ 6.5 billion , respectively , of the company 2019s cash , cash equivalents , and short- term investments were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . the company had $ 117 million in net unrealized losses on its investment portfolio , primarily related to investments with stated maturities ranging from one to five years , as of september 27 , 2008 , and net unrealized losses of approximately $ 11 million on its investment portfolio , primarily related to investments with stated maturities from one to five years , as of september 29 , 2007 . the company has the intent and ability to hold such investments for a sufficient period of time to allow for recovery of the principal amounts invested . accordingly , none of these declines in fair value were recognized in the company 2019s statement of operations . the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months . capital assets the company 2019s cash payments for capital asset purchases were $ 1.1 billion during 2008 , consisting of $ 389 million for retail store facilities and $ 702 million for real estate acquisitions and corporate infrastructure including information systems enhancements . the company anticipates utilizing approximately $ 1.5 billion for capital asset purchases during 2009 , including approximately $ 400 million for retail facilities and approximately $ 1.1 billion for corporate facilities and infrastructure. .
| 2008 | 2007 | 2006 cash cash equivalents and short-term investments | $ 24490 | $ 15386 | $ 10110 accounts receivable net | $ 2422 | $ 1637 | $ 1252 inventory | $ 509 | $ 346 | $ 270 working capital | $ 20598 | $ 12676 | $ 8066 annual operating cash flow | $ 9596 | $ 5470 | $ 2220
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Question: w h a t w a s t h e i n c r e a s e i n c a s h , c a s h e q u i v a l e n t s , a n d s h o r t - t e r m i n v e s t m e n t s f r o m 2 0 0 7 t o 2 0 0 8 i n m i l l i o n s ? | 243 |
89.8% | Given the context, answer the question.
Context: key operating and financial activities significant operating and financial activities during 2012 include : 2022 net proved reserve additions for the e&p and osm segments combined of 389 mmboe , for a 226 percent reserve replacement 2022 increased proved liquid hydrocarbon and synthetic crude oil reserves by 316 mmbbls , for a reserve replacement of 268 percent for these commodities 2022 recorded more than 95 percent average operational availability for operated e&p assets 2022 increased e&p net sales volumes , excluding libya , by 8 percent 2022 eagle ford shale average net sales volumes of 65 mboed for december 2012 , a fourfold increase over december 2011 2022 bakken shale average net sales volumes of 29 mboed , a 71 percent increase over last year 2022 resumed sales from libya and reached pre-conflict production levels 2022 international liquid hydrocarbon sales volumes , for which average realizations have exceeded wti , were 62 percent of net e&p liquid hydrocarbon sales 2022 closed $ 1 billion of acquisitions in the core of the eagle ford shale 2022 assumed operatorship of the vilje field located offshore norway 2022 signed agreements for new exploration positions in e.g. , gabon , kenya and ethiopia 2022 issued $ 1 billion of 3-year senior notes at 0.9 percent interest and $ 1 billion of 10-year senior notes at 2.8 percent interest some significant 2013 activities through february 22 , 2013 include : 2022 closed sale of our alaska assets in january 2013 2022 closed sale of our interest in the neptune gas plant in february 2013 consolidated results of operations : 2012 compared to 2011 consolidated income before income taxes was 38 percent higher in 2012 than consolidated income from continuing operations before income taxes were in 2011 , largely due to higher liquid hydrocarbon sales volumes in our e&p segment , partially offset by lower earnings from our osm and ig segments . the 7 percent decrease in income from continuing operations included lower earnings in the u.k . and e.g. , partially offset by higher earnings in libya . also , in 2011 we were not in an excess foreign tax credit position for the entire year as we were in 2012 . the effective income tax rate for continuing operations was 74 percent in 2012 compared to 61 percent in 2011 . revenues are summarized in the following table: .
( in millions ) | 2012 | 2011 e&p | $ 14084 | $ 13029 osm | 1552 | 1588 ig | 2014 | 93 segment revenues | 15636 | 14710 elimination of intersegment revenues | 2014 | -47 ( 47 ) unrealized gain on crude oil derivative instruments | 52 | 2014 total revenues | $ 15688 | $ 14663
e&p segment revenues increased $ 1055 million from 2011 to 2012 , primarily due to higher average liquid hydrocarbon sales volumes . e&p segment revenues included a net realized gain on crude oil derivative instruments of $ 15 million in 2012 while the impact of derivatives was not significant in 2011 . see item 8 . financial statements and supplementary data 2013 note 16 to the consolidated financial statement for more information about our crude oil derivative instruments . included in our e&p segment are supply optimization activities which include the purchase of commodities from third parties for resale . see the cost of revenues discussion as revenues from supply optimization approximate the related costs . supply optimization serves to aggregate volumes in order to satisfy transportation commitments and to achieve flexibility within product .
Question: w h a t p e r c e n t a g e o f t o t a l r e v e n u e s c o n s i t e d o f e & p p r o d u c t i o n i n 2 0 1 2 ? | 244 |
-33% | Given the context, answer the question.
Context: 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 .
Question: w h a t w a s t h e c h a n g e i n c a p i t a l g a i n d i s t r i b u t i o n s r e c e i v e d b e t w e e n 2 0 0 7 a n d 2 0 0 8 a s a p e r c e n t o f t h e c a p i t a l g a i n d i s t r i b u t i o n s r e c e i v e d i n 2 0 0 7 ? | 245 |
95.04% | Given the context, answer the question.
Context: depreciation and amortization included in operating segment profit for the years ended december 31 , 2008 , 2007 and 2006 was as follows ( in millions ) : .
| 2008 | 2007 | 2006 americas | $ 78.5 | $ 66.9 | $ 56.7 europe | 57.0 | 60.7 | 46.5 asia pacific | 25.6 | 22.7 | 18.7 global operations and corporate functions | 114.0 | 79.7 | 75.5 total | $ 275.1 | $ 230.0 | $ 197.4
15 . leases future minimum rental commitments under non- cancelable operating leases in effect as of december 31 , 2008 were $ 38.2 million for 2009 , $ 30.1 million for 2010 , $ 20.9 million for 2011 , $ 15.9 million for 2012 , $ 14.3 million for 2013 and $ 29.9 million thereafter . total rent expense for the years ended december 31 , 2008 , 2007 and 2006 aggregated $ 41.4 million , $ 37.1 million and $ 31.1 million , respectively . 16 . commitments and contingencies intellectual property and product liability-related litigation in july 2008 , we temporarily suspended marketing and distribution of the durom bb acetabular component ( durom cup ) in the u.s . to allow us to update product labeling to provide more detailed surgical technique instructions to surgeons and implement a surgical training program in the u.s . following our announcement , product liability lawsuits and other claims have been asserted against us , some of which we have settled . there are a number of claims still pending and we expect additional claims will be submitted . we recorded a provision of $ 47.5 million in the third quarter of 2008 , representing management 2019s estimate of these durom cup-related claims . we increased that provision by $ 21.5 million in the fourth quarter of 2008 . the provision is limited to revisions within two years of an original surgery that occurred prior to july 2008 . these parameters are consistent with our data which indicates that cup loosenings associated with surgical technique are most likely to occur within that time period . any claims received outside of these defined parameters will be managed in the normal course and reflected in our standard product liability accruals . on february 15 , 2005 , howmedica osteonics corp . filed an action against us and an unrelated party in the united states district court for the district of new jersey alleging infringement of u.s . patent nos . 6174934 ; 6372814 ; 6664308 ; and 6818020 . on june 13 , 2007 , the court granted our motion for summary judgment on the invalidity of the asserted claims of u.s . patent nos . 6174934 ; 6372814 ; and 6664308 by ruling that all of the asserted claims are invalid for indefiniteness . on august 19 , 2008 , the court granted our motion for summary judgment of non- infringement of certain claims of u.s . patent no . 6818020 , reducing the number of claims at issue in the suit to five . we continue to believe that our defenses against infringement of the remaining claims are valid and meritorious , and we intend to defend this lawsuit vigorously . in addition to certain claims related to the durom cup discussed above , we are also subject to product liability and other claims and lawsuits arising in the ordinary course of business , for which we maintain insurance , subject to self- insured retention limits . we establish accruals for product liability and other claims in conjunction with outside counsel based on current information and historical settlement information for open claims , related fees and claims incurred but not reported . while it is not possible to predict with certainty the outcome of these cases , it is the opinion of management that , upon ultimate resolution , liabilities from these cases in excess of those recorded , if any , will not have a material adverse effect on our consolidated financial position , results of operations or cash flows . government investigations in march 2005 , the u.s . department of justice through the u.s . attorney 2019s office in newark , new jersey commenced an investigation of us and four other orthopaedic companies pertaining to consulting contracts , professional service agreements and other agreements by which remuneration is provided to orthopaedic surgeons . on september 27 , 2007 , we reached a settlement with the government to resolve all claims related to this investigation . as part of the settlement , we entered into a settlement agreement with the u.s . through the u.s . department of justice and the office of inspector general of the department of health and human services ( the 201coig-hhs 201d ) . in addition , we entered into a deferred prosecution agreement ( the 201cdpa 201d ) with the u.s . attorney 2019s office for the district of new jersey ( the 201cu.s . attorney 201d ) and a corporate integrity agreement ( the 201ccia 201d ) with the oig- hhs . we did not admit any wrongdoing , plead guilty to any criminal charges or pay any criminal fines as part of the settlement . we settled all civil and administrative claims related to the federal investigation by making a settlement payment to the u.s . government of $ 169.5 million . under the terms of the dpa , the u.s . attorney filed a criminal complaint in the u.s . district court for the district of new jersey charging us with conspiracy to commit violations of the anti-kickback statute ( 42 u.s.c . a7 1320a-7b ) during the years 2002 through 2006 . the court deferred prosecution of the criminal complaint during the 18-month term of the dpa . the u.s . attorney will seek dismissal of the criminal complaint after the 18-month period if we comply with the provisions of the dpa . the dpa provides for oversight by a federally-appointed monitor . under the cia , which has a term of five years , we agreed , among other provisions , to continue the operation of our enhanced corporate compliance program , designed to promote compliance with federal healthcare program z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 060000000 ***%%pcmsg|60 |00012|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .
Question: i n 2 0 0 8 , a m e r i c a ' s t o t a l d e p r e c i a t i o n & a m o r t i z a t i o n i s w h a t p e r c e n t o f e u r o p e a n d a s i a c o m b i n e d ? | 246 |
724 | Given the context, answer the question.
Context: morgan stanley consolidated statements of changes in total equity 2014 ( continued ) ( dollars in millions ) preferred common paid-in capital retained earnings employee accumulated comprehensive income ( loss ) common held in treasury at cost common issued to employee redeemable controlling interests equity balance at december 31 , 2011 . . . . . . . . . . . . . . . . . . . . . . . . $ 1508 $ 20 $ 22836 $ 40341 $ 3166 $ ( 157 ) $ ( 2499 ) $ ( 3166 ) $ 8029 $ 70078 net income applicable to morgan stanley . . . . . . . . . . . . . . . . . . . . . . 2014 2014 2014 68 2014 2014 2014 2014 2014 68 net income applicable to nonredeemable noncontrolling interests . . . . . . . . . . . . . . . . . . . . . 2014 2014 2014 2014 2014 2014 2014 2014 524 524 .
| preferred stock | common stock | paid-in capital | retained earnings | employee stock trust | accumulated other comprehensive income ( loss ) | common stock held in treasury at cost | common stock issued to employee trust | non- redeemable non- controlling interests | total equity balance at december 31 2011 | $ 1508 | $ 20 | $ 22836 | $ 40341 | $ 3166 | $ -157 ( 157 ) | $ -2499 ( 2499 ) | $ -3166 ( 3166 ) | $ 8029 | $ 70078 net income applicable to morgan stanley | 2014 | 2014 | 2014 | 68 | 2014 | 2014 | 2014 | 2014 | 2014 | 68 net income applicable to nonredeemable noncontrolling interests | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 524 | 524 dividends | 2014 | 2014 | 2014 | -497 ( 497 ) | 2014 | 2014 | 2014 | 2014 | 2014 | -497 ( 497 ) shares issued under employee plans and related tax effects | 2014 | 2014 | 662 | 2014 | -234 ( 234 ) | 2014 | 485 | 234 | 2014 | 1147 repurchases of common stock | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | -227 ( 227 ) | 2014 | 2014 | -227 ( 227 ) net change in cash flow hedges | 2014 | 2014 | 2014 | 2014 | 2014 | 6 | 2014 | 2014 | 2014 | 6 pension postretirement and other related adjustments | 2014 | 2014 | 2014 | 2014 | 2014 | -265 ( 265 ) | 2014 | 2014 | 5 | -260 ( 260 ) foreign currency translation adjustments | 2014 | 2014 | 2014 | 2014 | 2014 | -128 ( 128 ) | 2014 | 2014 | -125 ( 125 ) | -253 ( 253 ) change in net unrealized gains on securities available for sale | 2014 | 2014 | 2014 | 2014 | 2014 | 28 | 2014 | 2014 | 2014 | 28 purchase of additional stake in the wealth management joint venture | 2014 | 2014 | -107 ( 107 ) | 2014 | 2014 | 2014 | 2014 | 2014 | -1718 ( 1718 ) | -1825 ( 1825 ) reclassification to redeemable noncontrolling interests | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | 2014 | -4288 ( 4288 ) | -4288 ( 4288 ) other net increases | 2014 | 2014 | 35 | 2014 | 2014 | 2014 | 2014 | 2014 | 892 | 927 balance at december 31 2012 | $ 1508 | $ 20 | $ 23426 | $ 39912 | $ 2932 | $ -516 ( 516 ) | $ -2241 ( 2241 ) | $ -2932 ( 2932 ) | $ 3319 | $ 65428
balance at december 31 , 2012 . . . . . . . . . . . . . . . . . . . . . . . . $ 1508 $ 20 $ 23426 $ 39912 $ 2932 $ ( 516 ) $ ( 2241 ) $ ( 2932 ) $ 3319 $ 65428 see notes to consolidated financial statements. .
Question: w h a t w a s t o t a l c a s h r e t u n e d t o s h a r e h o l d e r s i n 2 0 1 2 ? | 247 |
23.3% | Given the context, answer the question.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 in july 2013 , the company 2019s board of directors authorized a $ 1.5 billion share repurchase program to be in effect through july 2014 . as of september 30 , 2013 , the program had remaining authorized funds of $ 251 million . all share repurchase programs authorized prior to july 2013 have been completed . in october 2013 , the company 2019s board of directors authorized a new $ 5.0 billion share repurchase program . under the terms of the retrospective responsibility plan , when the company makes a deposit into the litigation escrow account , the shares of class b common stock are subject to dilution through an adjustment to the conversion rate of the shares of class b common stock to shares of class a common stock . these deposits have the same economic effect on earnings per share as repurchasing the company 2019s class a common stock , because they reduce the class b conversion rate and consequently the as-converted class a common stock share count . the following table presents as-converted class b common stock after deposits into the litigation escrow account in fiscal 2012 . there were no deposits into the litigation escrow account in fiscal 2013. .
( in millions except per share and conversion rate data ) | fiscal 2012 july 2012 | fiscal 2012 december 2011 deposits under the retrospective responsibility plan | $ 150 | $ 1565 effective price per share ( 1 ) | $ 125.50 | $ 101.75 reduction in equivalent number of shares of class a common stock | 1 | 15 conversion rate of class b common stock to class a common stock after deposits | 0.4206 | 0.4254 as-converted class b common stock after deposits | 103 | 104
( 1 ) effective price per share calculated using the volume-weighted average price of the company 2019s class a common stock over a pricing period in accordance with the company 2019s current certificate of incorporation . class b common stock . the class b common stock is not convertible or transferable until the date on which all of the covered litigation has been finally resolved . this transfer restriction is subject to limited exceptions , including transfers to other holders of class b common stock . after termination of the restrictions , the class b common stock will be convertible into class a common stock if transferred to a person that was not a visa member ( as defined in the current certificate of incorporation ) or similar person or an affiliate of a visa member or similar person . upon such transfer , each share of class b common stock will automatically convert into a number of shares of class a common stock based upon the applicable conversion rate in effect at the time of such transfer . adjustment of the conversion rate occurs upon : ( i ) the completion of any follow-on offering of class a common stock completed to increase the size of the litigation escrow account ( or any cash deposit by the company in lieu thereof ) resulting in a further corresponding decrease in the conversion rate ; or ( ii ) the final resolution of the covered litigation and the release of funds remaining on deposit in the litigation escrow account to the company resulting in a corresponding increase in the conversion rate. .
Question: w h a t i s t h e p e r c e n t a g e c h a n g e i n t h e e f f e c t i v e p r i c e p e r s h a r e f r o m d e c e m b e r 2 0 1 1 t o j u l y 2 0 1 2 ? | 248 |
37.81% | Given the context, answer the question.
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2014 and 2013 , as listed in the table presented at the beginning of this note . geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately $ 2.2 billion , net of discounts and issuance costs . the floating rate senior notes due in 2015 bear interest at a rate equal to three-month libor plus 0.45 percent , which rate will be reset quarterly . the floating rate senior notes due in 2016 bears interest at a rate equal to three-month libor plus 0.54 percent , which rate will be reset quarterly . the schedule below summarizes the key terms of these notes ( in millions ) . .
floating rate due december 15 2015 | $ 500 floating rate due december 15 2016 | 350 1.20% ( 1.20 % ) due december 15 2016 ( 1 ) | 650 2.25% ( 2.25 % ) due december 15 2018 | 750 discount and issuance costs | -2 ( 2 ) net proceeds | $ 2248
( 1 ) the 1.20% ( 1.20 % ) $ 650 million note due december 15 , 2016 was redeemed on november 13 , 2014 . the senior notes were classified as short-term debt on devon 2019s consolidated balance sheet as of december 31 , 2013 due to certain redemption features in the event that the geosouthern acquisition was not completed on or prior to june 30 , 2014 . on february 28 , 2014 , the geosouthern acquisition closed and thus the senior notes were subsequently classified as long-term debt . additionally , during december 2013 , devon entered into a term loan agreement with a group of major financial institutions pursuant to which devon could draw up to $ 2.0 billion to finance , in part , the geosouthern acquisition and to pay transaction costs . in february 2014 , devon drew the $ 2.0 billion of term loans for the geosouthern transaction , and the amount was subsequently repaid on june 30 , 2014 with the canadian divestiture proceeds that were repatriated to the u.s . in june 2014 , at which point the term loan was terminated. .
Question: w h a t p e r c e n t a g e o f t h e n e t p r o c e e d s c a m e f r o m t h e f l o a t i n g r a t e s d u e i n 2 0 1 5 a n d 2 0 1 6 ? | 249 |
1.5% | Given the context, answer the question.
Context: item 7a . quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items . from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks . derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes . interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations . the majority of our debt ( approximately 89% ( 89 % ) and 93% ( 93 % ) as of december 31 , 2013 and 2012 , respectively ) bears interest at fixed rates . we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows . the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below . increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
as of december 31, | increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates | increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates 2013 | $ -26.9 ( 26.9 ) | $ 27.9 2012 | -27.5 ( 27.5 ) | 28.4
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates . we do not have any interest rate swaps outstanding as of december 31 , 2013 . we had $ 1642.1 of cash , cash equivalents and marketable securities as of december 31 , 2013 that we generally invest in conservative , short-term bank deposits or securities . the interest income generated from these investments is subject to both domestic and foreign interest rate movements . during 2013 and 2012 , we had interest income of $ 24.7 and $ 29.5 , respectively . based on our 2013 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 16.4 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2013 levels . foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates . since we report revenues and expenses in u.s . dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s . dollars ) from foreign operations . the primary foreign currencies that impacted our results during 2013 were the australian dollar , brazilian real , euro , japanese yen and the south african rand . based on 2013 exchange rates and operating results , if the u.s . dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase between 3% ( 3 % ) and 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2013 levels . the functional currency of our foreign operations is generally their respective local currency . assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented . the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets . our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk . however , certain subsidiaries may enter into transactions in currencies other than their functional currency . assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement . currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses . we have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates. .
Question: a s s u m i n g t h a t a l l t h e b a l a n c e o f c a s h a n d c a s h e q u i v a l e n t s a n d m a r k e t a b l e s e c u r i t i e s i s i n v e s t e d t o g e n e r a t e t h e g i v e n i n t e r e s t i n c o m e , w h a t w o u l d b e t h e a v e r a g e r e t u r n o f t h e s e i n v e s t m e n t s i n 2 0 1 3 ? | 250 |
3.4% | Given the context, answer the question.
Context: results of operations and the estimated fair value of acquired assets and assumed liabilities are recorded in the consolidated financial statements from the date of acquisition . pro forma results of operations for the business combinations completed during fiscal 2016 have not been presented because the effects of these acquisitions , individually and in the aggregate , would not have been material to cadence 2019s financial results . the fair values of acquired intangible assets and assumed liabilities were determined using significant inputs that are not observable in the market . for an additional description of these fair value calculations , see note 16 in the notes to the consolidated financial statements . a trust for the benefit of the children of lip-bu tan , cadence 2019s president , chief executive officer , or ceo , and director , owned less than 2% ( 2 % ) of rocketick technologies ltd. , one of the acquired companies , and mr . tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust . the board of directors of cadence reviewed the transaction and concluded that it was in the best interests of cadence to proceed with the transaction . mr . tan recused himself from the board of directors 2019 discussion of the valuation of rocketick technologies ltd . and on whether to proceed with the transaction . a financial advisor provided a fairness opinion to cadence in connection with the transaction . 2014 acquisitions during fiscal 2014 , cadence acquired jasper design automation , inc. , or jasper , a privately held provider of formal analysis solutions based in mountain view , california . the acquired technology complements cadence 2019s existing system design and verification platforms . total cash consideration for jasper , after taking into account adjustments for certain costs , and cash held by jasper at closing of $ 28.7 million , was $ 139.4 million . cadence will also make payments to certain employees through the third quarter of fiscal 2017 subject to continued employment and other conditions . cadence also completed two other business combinations during fiscal 2014 for total cash consideration of $ 27.5 million , after taking into account cash acquired of $ 2.1 million . acquisition-related transaction costs transaction costs associated with acquisitions were $ 1.1 million , $ 0.7 million and $ 3.7 million during fiscal 2016 , 2015 and 2014 , respectively . these costs consist of professional fees and administrative costs and were expensed as incurred in cadence 2019s consolidated income statements . note 8 . goodwill and acquired intangibles goodwill the changes in the carrying amount of goodwill during fiscal 2016 and 2015 were as follows : gross carrying amount ( in thousands ) .
| gross carryingamount ( in thousands ) balance as of january 3 2015 | $ 553767 effect of foreign currency translation | -1995 ( 1995 ) balance as of january 2 2016 | 551772 goodwill resulting from acquisitions | 23579 effect of foreign currency translation | -2587 ( 2587 ) balance as of december 31 2016 | $ 572764
cadence completed its annual goodwill impairment test during the third quarter of fiscal 2016 and determined that the fair value of cadence 2019s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed. .
Question: w h a t i s t h e p e r c e n t a g e i n c r e a s e i n g r o s s c a r r y i n g a m o u n t f r o m t h e b e g i n n i n g o f 2 0 1 5 t o t h e e n d o f 2 0 1 6 ? | 251 |
-54% | Given the context, answer the question.
Context: affiliated company . the loss recorded on the sale was approximately $ 14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations . in the second quarter of 2002 , the company recorded an impairment charge of approximately $ 40 million , after income taxes , on an equity method investment in a telecommunications company in latin america held by edc . the impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company . during 2001 , the company lost operational control of central electricity supply corporation ( 2018 2018cesco 2019 2019 ) , a distribution company located in the state of orissa , india . cesco is accounted for as a cost method investment . in may 2000 , the company completed the acquisition of 100% ( 100 % ) of tractebel power ltd ( 2018 2018tpl 2019 2019 ) for approximately $ 67 million and assumed liabilities of approximately $ 200 million . tpl owned 46% ( 46 % ) of nigen . the company also acquired an additional 6% ( 6 % ) interest in nigen from minority stockholders during the year ended december 31 , 2000 through the issuance of approximately 99000 common shares of aes stock valued at approximately $ 4.9 million . with the completion of these transactions , the company owns approximately 98% ( 98 % ) of nigen 2019s common stock and began consolidating its financial results beginning may 12 , 2000 . approximately $ 100 million of the purchase price was allocated to excess of costs over net assets acquired and was amortized through january 1 , 2002 at which time the company adopted sfas no . 142 and ceased amortization of goodwill . in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas limited ( 2018 2018songas 2019 2019 ) for approximately $ 40 million . the company acquired an additional 16.79% ( 16.79 % ) of songas for approximately $ 12.5 million , and the company began consolidating this entity in 2002 . songas owns the songo songo gas-to-electricity project in tanzania . in december 2002 , the company signed a sales purchase agreement to sell songas . the sale is expected to close in early 2003 . see note 4 for further discussion of the transaction . the following table presents summarized comparative financial information ( in millions ) for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method. .
as of and for the years ended december 31, | 2002 | 2001 | 2000 revenues | $ 2832 | $ 6147 | $ 6241 operating income | 695 | 1717 | 1989 net income | 229 | 650 | 859 current assets | 1097 | 3700 | 2423 noncurrent assets | 6751 | 14942 | 13080 current liabilities | 1418 | 3510 | 3370 noncurrent liabilities | 3349 | 8297 | 5927 stockholder's equity | 3081 | 6835 | 6206
in 2002 , 2001 and 2000 , the results of operations and the financial position of cemig were negatively impacted by the devaluation of the brazilian real and the impairment charge recorded in 2002 . the brazilian real devalued 32% ( 32 % ) , 19% ( 19 % ) and 8% ( 8 % ) for the years ended december 31 , 2002 , 2001 and 2000 , respectively . the company recorded $ 83 million , $ 210 million , and $ 64 million of pre-tax non-cash foreign currency transaction losses on its investments in brazilian equity method affiliates during 2002 , 2001 and 2000 , respectively. .
Question: w h a t w a s t h e p e r c e n t a g e c h a n g e i n r e v e n u e s f o r i n v e s t m e n t s i n 5 0 % ( 5 0 % ) o r l e s s o w n e d i n v e s t m e n t s a c c o u n t e d f o r u s i n g t h e e q u i t y m e t h o d b e t w e e n 2 0 0 1 a n d 2 0 0 2 ? | 252 |
41.1% | Given the context, answer the question.
Context: table of contents cdw corporation and subsidiaries 6 . goodwill and other intangible assets goodwill the changes in goodwill by reportable segment are as follows : ( in millions ) corporate business ( 2 ) public other ( 4 ) consolidated balance at december 31 , 2014 ( 1 ) $ 1045.9 $ 185.9 $ 911.3 $ 74.5 $ 2217.6 .
( in millions ) | corporate | small business ( 2 ) | public | other ( 4 ) | consolidated balance at december 31 2014 ( 1 ) | $ 1045.9 | $ 185.9 | $ 911.3 | $ 74.5 | $ 2217.6 foreign currency translation | 2014 | 2014 | 2014 | -22.4 ( 22.4 ) | -22.4 ( 22.4 ) acquisition | 2014 | 2014 | 2014 | 305.2 | 305.2 balance at december 31 2015 ( 1 ) | 1045.9 | 185.9 | 911.3 | 357.3 | 2500.4 foreign currency translation | 2014 | 2014 | 2014 | -45.4 ( 45.4 ) | -45.4 ( 45.4 ) cdw advanced services allocation ( 3 ) | 28.2 | 2014 | 18.3 | -46.5 ( 46.5 ) | 2014 balance at december 31 2016 ( 1 ) | 1074.1 | 185.9 | 929.6 | 265.4 | 2455.0 foreign currency translation | 2014 | 2014 | 2014 | 24.6 | 24.6 balances as of december 31 2017 ( 1 ) | $ 1074.1 | $ 185.9 | $ 929.6 | $ 290.0 | $ 2479.6
balances as of december 31 , 2017 ( 1 ) $ 1074.1 $ 185.9 $ 929.6 $ 290.0 $ 2479.6 ( 1 ) goodwill is net of accumulated impairment losses of $ 1571 million , $ 354 million and $ 28 million related to the corporate , public and other segments , respectively . ( 2 ) amounts have been recast to present small business as its own operating and reportable segment . ( 3 ) effective january 1 , 2016 , the cdw advanced services business is included in the company's corporate and public segments . ( 4 ) other is comprised of canada and cdw uk operating segments . with the establishment of small business as its own reporting unit , the company performed a quantitative analysis in order to allocate goodwill between corporate and small business . based on the results of the quantitative analysis performed as of january 1 , 2017 , the company determined that the fair values of corporate and small business reporting units exceeded their carrying values by 227% ( 227 % ) and 308% ( 308 % ) , respectively , and no impairment existed . december 1 , 2017 impairment analysis the company completed its annual impairment analysis as of december 1 , 2017 . for the corporate , small business and uk reporting units , the company performed a qualitative analysis . the company determined that it was more-likely- than-not that the individual fair values of the corporate , small business and uk reporting units exceeded the respective carrying values and therefore a quantitative impairment analysis was deemed unnecessary . although uncertainty regarding the impact of the referendum on the uk 2019s membership of the european union ( 201ceu 201d ) , advising for the exit of the uk from the eu ( referred to as 201cbrexit 201d ) still exists in the current year , the company does not believe there to be any additional risk that would indicate the quantitative analysis performed in the prior year would have a different result . therefore , a qualitative analysis was deemed appropriate for the uk reporting unit . the company performed a quantitative analysis of the public and canada reporting units . based on the results of the quantitative analysis , the company determined that the fair value of the public and canada reporting units exceeded their carrying values by 179% ( 179 % ) and 153% ( 153 % ) , respectively , and no impairment existed . december 1 , 2016 impairment analysis the company completed its annual impairment analysis as of december 1 , 2016 . for the corporate ( which , as of december 1 , 2016 , included small business ) , public and canada reporting units , the company performed a qualitative analysis . the company determined that it was more-likely-than-not that the individual fair values of the corporate , public and canada reporting units exceeded the respective carrying values . as a result of this determination , the quantitative impairment analysis was deemed unnecessary . due to the substantial uncertainty regarding the impact of brexit , the company performed a quantitative analysis of the cdw uk reporting unit . based on the results of the quantitative analysis , the company determined that the fair value of the cdw uk reporting unit exceeded its carrying value and no impairment existed. .
Question: p u b l i c i s w h a t p e r c e n t o f t h e t o t a l g o o d w i l l b a l a n c e a t d e c e m b e r 3 1 2 0 1 4 ? | 253 |
31381 | Given the context, answer the question.
Context: table of contents respect to the mainline american and the mainline us airways dispatchers , flight simulator engineers and flight crew training instructors , all of whom are now represented by the twu , a rival organization , the national association of airline professionals ( naap ) , filed single carrier applications seeking to represent those employees . the nmb will have to determine that a single transportation system exists and will certify a post-merger representative of the combined employee groups before the process for negotiating new jcbas can begin . the merger had no impact on the cbas that cover the employees of our wholly-owned subsidiary airlines which are not being merged ( envoy , piedmont and psa ) . for those employees , the rla provides that cbas do not expire , but instead become amendable as of a stated date . in 2014 , envoy pilots ratified a new 10 year collective bargaining agreement , piedmont pilots ratified a new 10 year collective bargaining agreement and piedmont flight attendants ratified a new five-year collective bargaining agreement . with the exception of the passenger service employees who are now engaged in traditional rla negotiations that are expected to result in a jcba and the us airways flight simulator engineers and flight crew training instructors , other union-represented american mainline employees are covered by agreements that are not currently amendable . until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process described above , and , in the meantime , no self-help will be permissible . the piedmont mechanics and stock clerks and the psa and piedmont dispatchers also have agreements that are now amendable and are engaged in traditional rla negotiations . none of the unions representing our employees presently may lawfully engage in concerted refusals to work , such as strikes , slow-downs , sick-outs or other similar activity , against us . nonetheless , there is a risk that disgruntled employees , either with or without union involvement , could engage in one or more concerted refusals to work that could individually or collectively harm the operation of our airline and impair our financial performance . for more discussion , see part i , item 1a . risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel . based on our 2015 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2014 , a one cent per gallon increase in aviation fuel price would increase our 2015 annual fuel expense by $ 43 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2012 through 2014 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total mainline operating expenses .
year | gallons | average price per gallon | aircraft fuel expense | percent of total mainline operating expenses 2014 | 3644 | $ 2.91 | $ 10592 | 33.2% ( 33.2 % ) 2013 ( a ) | 3608 | 3.08 | 11109 | 35.4 2012 ( a ) | 3512 | 3.19 | 11194 | 35.8
( a ) represents 201ccombined 201d financial data , which includes the financial results of american and us airways group each on a standalone basis . total combined fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american and us airways group , each on a standalone basis , were $ 2.0 billion , $ 2.1 billion and $ 2.1 billion for the years ended december 31 , 2014 , 2013 and 2012 , respectively. .
Question: w h a t w e r e t o t a l m a i n l i n e o p e r a t i n g e x p e n s e s i n 2 0 1 3 ? | 254 |
5.1 | Given the context, answer the question.
Context: services like "walmart pickup" "pickup today" and in over 1100 "online grocery" pickup locations to provide an omni- channel offering to our customers . walmart u.s . also offers access to digital content and services including vudu . merchandise . walmart u.s . does business in three strategic merchandise units , listed below , across several store formats including supercenters , discount stores , neighborhood markets and other small store formats , as well as on our ecommerce websites . 2022 grocery consists of a full line of grocery items , including meat , produce , natural & organics , deli & bakery , dairy , frozen foods , alcoholic and nonalcoholic beverages , floral and dry grocery , as well as consumables such as health and beauty aids , baby products , household chemicals , paper goods and pet supplies ; 2022 health and wellness includes pharmacy , optical services , clinical services , and over-the-counter drugs and other medical products ; 2022 general merchandise includes : 25e6 entertainment ( e.g. , electronics , cameras and supplies , photo processing services , wireless , movies , music , video games and books ) ; 25e6 hardlines ( e.g. , stationery , automotive , hardware and paint , sporting goods , outdoor living and horticulture ) ; 25e6 apparel ( e.g. , apparel for women , girls , men , boys and infants , as well as shoes , jewelry and accessories ) ; and 25e6 home/seasonal ( e.g. , home furnishings , housewares and small appliances , bedding , home decor , toys , fabrics and crafts and seasonal merchandise ) . walmart u.s . also offers fuel and financial services and related products , including money orders , prepaid cards , wire transfers , money transfers , check cashing and bill payment . these services total less than 1% ( 1 % ) of annual net sales . brand name merchandise represents a significant portion of the merchandise sold in walmart u.s . we also market lines of merchandise under our private-label store brands , including : "adventure force" "autodrive" "blackweb" "equate" "everstart" "faded glory" "george" "great value" "holiday time" "hyper tough" "kid connection" "mainstays" "marketside" "my life as" "no boundaries" "ol' roy" "onn" "ozark trail" "parent's choice" "prima della" "pure balance" "sam's choice" "special kitty" "spring valley" "terra & sky" "time and tru" "way to celebrate" and "wonder nation." the company also markets lines of merchandise under licensed brands , some of which include : "better homes a0& gardens" "farberware" "russell" and "swisstech." the percentage of strategic merchandise unit net sales for walmart u.s. , including online sales , was as follows for fiscal 2018 , 2017 and 2016: .
strategic merchandise units | fiscal years ended january 31 , 2018 | fiscal years ended january 31 , 2017 | fiscal years ended january 31 , 2016 grocery | 56% ( 56 % ) | 56% ( 56 % ) | 56% ( 56 % ) health and wellness | 11% ( 11 % ) | 11% ( 11 % ) | 11% ( 11 % ) general merchandise | 33% ( 33 % ) | 33% ( 33 % ) | 33% ( 33 % ) total | 100% ( 100 % ) | 100% ( 100 % ) | 100% ( 100 % )
periodically , revisions are made to the categorization of the components comprising our strategic merchandise units . when revisions are made , the previous periods' presentation is adjusted to maintain comparability . operations . many supercenters , discount stores and neighborhood markets are open 24 hours each day . a variety of payment methods are accepted at our stores and through our ecommerce websites and mobile commerce applications . seasonal aspects of operations . walmart u.s.'s business is seasonal to a certain extent due to calendar events and national and religious holidays , as well as different weather patterns . historically , its highest sales volume and segment operating income have occurred in the fiscal quarter ending january a031 . competition . walmart u.s . competes with both physical retailers operating discount , department , retail and wholesale grocers , drug , dollar , variety and specialty stores , supermarkets , hypermarkets and supercenter-type stores , and digital retailers , as well as catalog businesses . we also compete with others for desirable sites for new or relocated retail units . our ability to develop , open and operate units at the right locations and to deliver a customer-centric omni-channel experience largely determines our competitive position within the retail industry . we employ many programs designed to meet competitive pressures within our industry . these programs include the following : 2022 edlp : our pricing philosophy under which we price items at a low price every day so our customers trust that our prices will not change under frequent promotional activity ; 2022 edlc : everyday low cost is our commitment to control expenses so our cost savings can be passed along to our customers; .
Question: i n 2 0 1 8 a s p a r t o f t h e s t r a t e g i c m e r c h a n d i s e w h a t w a s t h e r a t i o n o f t h e g r o c e r y t o t h e h e a l t h a n d w e l l n e s s p r o d u c t s | 255 |
8% | Given the context, answer the question.
Context: management 2019s discussion and analysis 2011 versus 2010 . net revenues in investing & lending were $ 2.14 billion and $ 7.54 billion for 2011 and 2010 , respectively . during 2011 , investing & lending results reflected an operating environment characterized by a significant decline in equity markets in europe and asia , and unfavorable credit markets that were negatively impacted by increased concerns regarding the weakened state of global economies , including heightened european sovereign debt risk . results for 2011 included a loss of $ 517 million from our investment in the ordinary shares of icbc and net gains of $ 1.12 billion from other investments in equities , primarily in private equities , partially offset by losses from public equities . in addition , investing & lending included net revenues of $ 96 million from debt securities and loans . this amount includes approximately $ 1 billion of unrealized losses related to relationship lending activities , including the effect of hedges , offset by net interest income and net gains from other debt securities and loans . results for 2011 also included other net revenues of $ 1.44 billion , principally related to our consolidated investment entities . results for 2010 included a gain of $ 747 million from our investment in the ordinary shares of icbc , a net gain of $ 2.69 billion from other investments in equities , a net gain of $ 2.60 billion from debt securities and loans and other net revenues of $ 1.51 billion , principally related to our consolidated investment entities . the net gain from other investments in equities was primarily driven by an increase in global equity markets , which resulted in appreciation of both our public and private equity positions and provided favorable conditions for initial public offerings . the net gains and net interest from debt securities and loans primarily reflected the impact of tighter credit spreads and favorable credit markets during the year , which provided favorable conditions for borrowers to refinance . operating expenses were $ 2.67 billion for 2011 , 20% ( 20 % ) lower than 2010 , due to decreased compensation and benefits expenses , primarily resulting from lower net revenues . this decrease was partially offset by the impact of impairment charges related to consolidated investments during 2011 . pre-tax loss was $ 531 million in 2011 , compared with pre-tax earnings of $ 4.18 billion in 2010 . investment management investment management provides investment management services and offers investment products ( primarily through separately managed accounts and commingled vehicles , such as mutual funds and private investment funds ) across all major asset classes to a diverse set of institutional and individual clients . investment management also offers wealth advisory services , including portfolio management and financial counseling , and brokerage and other transaction services to high-net-worth individuals and families . assets under supervision include assets under management and other client assets . assets under management include client assets where we earn a fee for managing assets on a discretionary basis . this includes net assets in our mutual funds , hedge funds , credit funds and private equity funds ( including real estate funds ) , and separately managed accounts for institutional and individual investors . other client assets include client assets invested with third-party managers , private bank deposits and assets related to advisory relationships where we earn a fee for advisory and other services , but do not have discretion over the assets . assets under supervision do not include the self-directed brokerage accounts of our clients . assets under management and other client assets typically generate fees as a percentage of net asset value , which vary by asset class and are affected by investment performance as well as asset inflows and redemptions . in certain circumstances , we are also entitled to receive incentive fees based on a percentage of a fund 2019s return or when the return exceeds a specified benchmark or other performance targets . incentive fees are recognized only when all material contingencies are resolved . the table below presents the operating results of our investment management segment. .
in millions | year ended december 2012 | year ended december 2011 | year ended december 2010 management and other fees | $ 4105 | $ 4188 | $ 3956 incentive fees | 701 | 323 | 527 transaction revenues | 416 | 523 | 531 total net revenues | 5222 | 5034 | 5014 operating expenses | 4294 | 4020 | 4082 pre-tax earnings | $ 928 | $ 1014 | $ 932
56 goldman sachs 2012 annual report .
Question: w h a t p e r c e n t a g e o f t o t a l n e t r e v e n u e s i n t h e i n v e s t m e n t m a n a g e m e n t s e g m e n t i n 2 0 1 2 w h e r e d u e t o t r a n s a c t i o n r e v e n u e s ? | 256 |
0.8% | Given the context, answer the question.
Context: interest expense .
| 2019 | 2018 interest incurred | $ 150.5 | $ 150.0 less : capitalized interest | 13.5 | 19.5 interest expense | $ 137.0 | $ 130.5
interest incurred increased $ .5 as interest expense associated with financing the lu'an joint venture was mostly offset by favorable impacts from currency , a lower average interest rate on the debt portfolio , and a lower average debt balance . capitalized interest decreased 31% ( 31 % ) , or $ 6.0 , due to a decrease in the carrying value of projects under construction , primarily driven by the lu'an project in asia . other non-operating income ( expense ) , net other non-operating income ( expense ) , net of $ 66.7 increased $ 61.6 , primarily due to lower pension settlement losses , higher non-service pension income , and higher interest income on cash and cash items . the prior year included pension settlement losses of $ 43.7 ( $ 33.2 after-tax , or $ .15 per share ) primarily in connection with the transfer of certain pension assets and payment obligations to an insurer for our u.s . salaried and hourly plans . in fiscal year 2019 , we recognized a pension settlement loss of $ 5.0 ( $ 3.8 after-tax , or $ .02 per share ) associated with the u.s . supplementary pension plan during the second quarter . net income and net income margin net income of $ 1809.4 increased 18% ( 18 % ) , or $ 276.5 , primarily due to impacts from the u.s . tax cuts and jobs act , positive pricing , and favorable volumes . net income margin of 20.3% ( 20.3 % ) increased 310 bp . adjusted ebitda and adjusted ebitda margin adjusted ebitda of $ 3468.0 increased 11% ( 11 % ) , or $ 352.5 , primarily due to positive pricing and higher volumes , partially offset by unfavorable currency . adjusted ebitda margin of 38.9% ( 38.9 % ) increased 400 bp , primarily due to higher volumes , positive pricing , and the india contract modification . the india contract modification contributed 80 bp . effective tax rate the effective tax rate equals the income tax provision divided by income from continuing operations before taxes . the effective tax rate was 21.0% ( 21.0 % ) and 26.0% ( 26.0 % ) in fiscal years 2019 and 2018 , respectively . the current year rate was lower primarily due to impacts related to the enactment of the u.s . tax cuts and jobs act ( the 201ctax act" ) in 2018 , which significantly changed existing u.s . tax laws , including a reduction in the federal corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) , a deemed repatriation tax on unremitted foreign earnings , as well as other changes . as a result of the tax act , our income tax provision reflects discrete net income tax costs of $ 43.8 and $ 180.6 in fiscal years 2019 and 2018 , respectively . the current year included a cost of $ 56.2 ( $ .26 per share ) for the reversal of a benefit recorded in 2018 related to the u.s . taxation of deemed foreign dividends . we recorded this reversal based on regulations issued in 2019 . the 2019 reversal was partially offset by a favorable adjustment of $ 12.4 ( $ .06 per share ) that was recorded as we completed our estimates of the impacts of the tax act . this adjustment is primarily related to foreign tax items , including the deemed repatriation tax for foreign tax redeterminations . in addition , the current year rate included a net gain on the exchange of two equity affiliates of $ 29.1 , which was not a taxable transaction . the higher 2018 expense resulting from the tax act was partially offset by a $ 35.7 tax benefit from the restructuring of foreign subsidiaries , a $ 9.1 benefit from a foreign audit settlement agreement , and higher excess tax benefits on share-based compensation . the adjusted effective tax rate was 19.4% ( 19.4 % ) and 18.6% ( 18.6 % ) in fiscal years 2019 and 2018 , respectively . the lower prior year rate was primarily due to the $ 9.1 benefit from a foreign audit settlement agreement and higher excess tax benefits on share-based compensation. .
Question: w h a t i s t h e v a r i a t i o n o f t h e a d j u s t e d e f f e c t i v e t a x r a t e c o n s i d e r i n g t h e y e a r s 2 0 1 8 - 2 0 1 9 ? | 257 |
25.0% | Given the context, answer the question.
Context: notes to consolidated financial statements 2014 ( continued ) the weighted average grant-date fair value of share awards granted in the years ended may 31 , 2007 and 2006 was $ 45 and $ 36 , respectively . the total fair value of share awards vested during the years ended may 31 , 2008 , 2007 and 2006 was $ 4.1 million , $ 1.7 million and $ 1.4 million , respectively . we recognized compensation expenses for restricted stock of $ 5.7 million , $ 2.7 million , and $ 1.6 million in the years ended may 31 , 2008 , 2007 and 2006 . as of may 31 , 2008 , there was $ 15.2 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.9 years . employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 million shares of our common stock has been authorized . employees may designate up to the lesser of $ 25 thousand or 20% ( 20 % ) of their annual compensation for the purchase of stock . for periods prior to october 1 , 2006 , the price for shares purchased under the plan was the lower of 85% ( 85 % ) of the market value on the first day or the last day of the quarterly purchase period . with the quarterly purchase period beginning on october 1 , 2006 , the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period ( the 201cpurchase date 201d ) . at may 31 , 2008 , 0.7 million shares had been issued under this plan , with 1.7 million shares reserved for future issuance . the weighted average grant-date fair value of each designated share purchased under this plan was $ 6 , $ 8 and $ 8 in the years ended may 31 , 2008 , 2007 and 2006 , respectively . for the quarterly purchases after october 1 , 2006 , the fair value of each designated share purchased under the employee stock purchase plan is based on the 15% ( 15 % ) discount on the purchase date . for purchases prior to october 1 , 2006 , the fair value of each designated share purchased under the employee stock purchase plan was estimated on the date of grant using the black-scholes valuation model using the following weighted average assumptions: .
| 2007 | 2006 risk-free interest rates | 4.93% ( 4.93 % ) | 3.72% ( 3.72 % ) expected volatility | 37.02% ( 37.02 % ) | 26.06% ( 26.06 % ) dividend yields | 0.19% ( 0.19 % ) | 0.34% ( 0.34 % ) expected lives | 3 months | 3 months
the risk-free interest rate is based on the yield of a zero coupon united states treasury security with a maturity equal to the expected life of the option from the date of the grant . our assumption on expected volatility is based on our historical volatility . the dividend yield assumption is calculated using our average stock price over the preceding year and the annualized amount of our current quarterly dividend . since the purchase price for shares under the plan is based on the market value on the first day or last day of the quarterly purchase period , we use an expected life of three months to determine the fair value of each designated share. .
Question: w h a t i s t h e p e r c e n t a g e c h a n g e i n t h e w e i g h t e d a v e r a g e g r a n t - d a t e f a i r v a l u e o f s h a r e a w a r d s f r o m 2 0 0 6 t o 2 0 0 7 ? | 258 |
12% | Given the context, answer the question.
Context: part i item 1 entergy corporation , domestic utility companies , and system energy employment litigation ( entergy corporation , entergy arkansas , entergy gulf states , entergy louisiana , entergy mississippi , entergy new orleans , and system energy ) entergy corporation and the domestic utility companies are defendants in numerous lawsuits that have been filed by former employees alleging that they were wrongfully terminated and/or discriminated against on the basis of age , race , sex , and/or other protected characteristics . entergy corporation and the domestic utility companies are vigorously defending these suits and deny any liability to the plaintiffs . however , no assurance can be given as to the outcome of these cases , and at this time management cannot estimate the total amount of damages sought . included in the employment litigation are two cases filed in state court in claiborne county , mississippi in december 2002 . the two cases were filed by former employees of entergy operations who were based at grand gulf . entergy operations and entergy employees are named as defendants . the cases make employment-related claims , and seek in total $ 53 million in alleged actual damages and $ 168 million in punitive damages . entergy subsequently removed both proceedings to the federal district in jackson , mississippi . entergy cannot predict the ultimate outcome of this proceeding . research spending entergy is a member of the electric power research institute ( epri ) . epri conducts a broad range of research in major technical fields related to the electric utility industry . entergy participates in various epri projects based on entergy's needs and available resources . the domestic utility companies contributed $ 1.6 million in 2004 , $ 1.5 million in 2003 , and $ 2.1 million in 2002 to epri . the non-utility nuclear business contributed $ 3.2 million in 2004 and $ 3 million in both 2003 and 2002 to epri . employees employees are an integral part of entergy's commitment to serving its customers . as of december 31 , 2004 , entergy employed 14425 people . u.s . utility: .
entergy arkansas | 1494 entergy gulf states | 1641 entergy louisiana | 943 entergy mississippi | 793 entergy new orleans | 403 system energy | - entergy operations | 2735 entergy services | 2704 entergy nuclear operations | 3245 other subsidiaries | 277 total full-time | 14235 part-time | 190 total entergy | 14425
approximately 4900 employees are represented by the international brotherhood of electrical workers union , the utility workers union of america , and the international brotherhood of teamsters union. .
Question: w h a t p e r c e n t o f t o t a l f u l l - t i m e e m p l o y e e s a r e i n e n t e r g y g u l f s t a t e s ? | 259 |
33% | Given the context, answer the question.
Context: synopsys , inc . notes to consolidated financial statements 2014continued acquisition of magma design automation , inc . ( magma ) on february 22 , 2012 , the company acquired all outstanding shares of magma , a chip design software provider , at a per-share price of $ 7.35 . additionally , the company assumed unvested restricted stock units ( rsus ) and stock options , collectively called 201cequity awards . 201d the aggregate purchase price was approximately $ 550.2 million . this acquisition enables the company to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools . as of october 31 , 2012 , the total purchase consideration and the preliminary purchase price allocation were as follows: .
| ( in thousands ) cash paid | $ 543437 fair value of assumed equity awards allocated to purchase consideration | 6797 total purchase consideration | $ 550234 goodwill | 316263 identifiable intangibles assets acquired | 184300 cash and other assets acquired | 116265 debt and liabilities assumed | -66594 ( 66594 ) total purchase allocation | $ 550234
goodwill of $ 316.3 million , which is not deductible for tax purposes , primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of magma 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 ten years . acquisition-related costs directly attributable to the business combination totaling $ 33.5 million for fiscal 2012 were expensed as incurred in the consolidated statements of operations and consist primarily of employee separation costs , contract terminations , professional services , and facilities closure costs . fair value of equity awards assumed . the company assumed unvested restricted stock units ( rsus ) and stock options with a fair value of $ 22.2 million . the black-scholes option-pricing model was used to determine the fair value of these stock options , whereas the fair value of the rsus was based on the market price on the grant date of the instruments . 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 . of the total fair value of the equity awards assumed , $ 6.8 million was allocated to the purchase consideration and $ 15.4 million was allocated to future services to be expensed over their remaining service periods on a straight-line basis . supplemental pro forma information ( unaudited ) . the financial information in the table below summarizes the combined results of operations of the company and magma , on a pro forma basis , as though the companies had been combined as of the beginning of fiscal 2011. .
Question: w h a t p e r c e n t a g e o f t o t a l p u r c h a s e a l l o c a t i o n w a s ? | 260 |
58.38% | Given the context, answer the question.
Context: hollyfrontier corporation notes to consolidated financial statements continued .
| ( in thousands ) 2018 | $ 148716 2019 | 132547 2020 | 119639 2021 | 107400 2022 | 102884 thereafter | 857454 total | $ 1468640
transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: w h a t p e r c e n t a g e o f t o t a l c o s t s o c c u r r e d a f t e r 2 0 2 2 ? | 261 |
-17.3% | Given the context, answer the question.
Context: asset category target allocation total quoted prices in active markets for identical assets ( level 1 ) significant observable inputs ( level 2 ) significant unobservable inputs .
| level 3 balance as of january 1 2018 | $ 278 actual return on assets | -23 ( 23 ) purchases issuances and settlements net | -25 ( 25 ) balance as of december 31 2018 | $ 230
balance as of january 1 , 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 140 actual return on assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 purchases , issuances and settlements , net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136 balance as of december 31 , 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 278 the company 2019s postretirement benefit plans have different levels of funded status and the assets are held under various trusts . the investments and risk mitigation strategies for the plans are tailored specifically for each trust . in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and meet the risk tolerance criteria of the company . the company periodically updates the long-term , strategic asset allocations for these plans through asset liability studies and uses various analytics to determine the optimal asset allocation . considerations include plan liability characteristics , liquidity needs , funding requirements , expected rates of return and the distribution of returns . in 2012 , the company implemented a de-risking strategy for the american water pension plan after conducting an asset-liability study to reduce the volatility of the funded status of the plan . as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of fixed- income assets relative to liabilities . the fixed income portion of the portfolio was designed to match the bond- .
Question: b y w h a t p e r c e n t a g e l e v e l 3 b a l a n c e d e c r e a s e d u r i n g 2 0 1 8 ? | 262 |
41932 | Given the context, answer the question.
Context: the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2018 , 2017 and 2016 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total operating expenses .
year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses 2018 | 4447 | $ 2.23 | $ 9896 | 23.6% ( 23.6 % ) 2017 | 4352 | 1.73 | 7510 | 19.6% ( 19.6 % ) 2016 | 4347 | 1.42 | 6180 | 17.6% ( 17.6 % )
as of december 31 , 2018 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters ( including hurricanes or similar events in the u.s . southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , economic sanctions imposed against oil-producing countries or specific industry participants , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in the cost to transport or store petroleum products , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year . general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern . therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results . domestic and global regulatory landscape general airlines are subject to extensive domestic and international regulatory requirements . domestically , the dot and the federal aviation administration ( faa ) exercise significant regulatory authority over air carriers . the dot , among other things , oversees domestic and international codeshare agreements , international route authorities , competition and consumer protection matters such as advertising , denied boarding compensation and baggage liability . the antitrust division of the department of justice ( doj ) , along with the dot in certain instances , have jurisdiction over airline antitrust matters. .
Question: w h a t w e r e t o t a l o p e r a t i n g e x p e n s e s i n 2 0 1 8 ? | 263 |
58.07% | Given the context, answer the question.
Context: we participate in a medicare health support pilot program through green ribbon health , or grh , a joint- venture company with pfizer health solutions inc . grh is designed to support medicare beneficiaries living with diabetes and/or congestive heart failure in central florida . grh uses disease management initiatives including evidence-based clinical guidelines , personal self-directed change strategies , and personal nurses to help participants navigate the health system . revenues under the contract with cms , which expires october 31 , 2008 unless terminated earlier , are subject to refund unless a savings target is met . to date , all revenues have been deferred until reliable estimates are determinable . our products marketed to commercial segment employers and members smart plans and other consumer products over the last several years , we have developed and offered various commercial products designed to provide options and choices to employers that are annually facing substantial premium increases driven by double-digit medical cost inflation . these smart plans , discussed more fully below , and other consumer offerings , which can be offered on either a fully-insured or aso basis , provided coverage to approximately 564700 members at december 31 , 2007 , representing approximately 16.4% ( 16.4 % ) of our total commercial medical membership as detailed below . smart plans and other consumer membership other commercial membership commercial medical membership .
| smart plans and other consumer membership | other commercial membership | commercial medical membership fully-insured | 327900 | 1480700 | 1808600 aso | 236800 | 1406200 | 1643000 total commercial medical | 564700 | 2886900 | 3451600
these products are often offered to employer groups as 201cbundles 201d , where the subscribers are offered various hmo and ppo options , with various employer contribution strategies as determined by the employer . paramount to our product strategy , we have developed a group of innovative consumer products , styled as 201csmart 201d products , that we believe will be a long-term solution for employers . we believe this new generation of products provides more ( 1 ) choices for the individual consumer , ( 2 ) transparency of provider costs , and ( 3 ) benefit designs that engage consumers in the costs and effectiveness of health care choices . innovative tools and technology are available to assist consumers with these decisions , including the trade-offs between higher premiums and point-of-service costs at the time consumers choose their plans , and to suggest ways in which the consumers can maximize their individual benefits at the point they use their plans . we believe that when consumers can make informed choices about the cost and effectiveness of their health care , a sustainable long term solution for employers can be realized . smart products , which accounted for approximately 55% ( 55 % ) of enrollment in all of our consumer-choice plans as of december 31 , 2007 , are only sold to employers who use humana as their sole health insurance carrier . some employers have selected other types of consumer-choice products , such as , ( 1 ) a product with a high deductible , ( 2 ) a catastrophic coverage plan , or ( 3 ) ones that offer a spending account option in conjunction with more traditional medical coverage or as a stand alone plan . unlike our smart products , these products , while valuable in helping employers deal with near-term cost increases by shifting costs to employees , are not considered by us to be long-term comprehensive solutions to the employers 2019 cost dilemma , although we view them as an important interim step . our commercial hmo products provide prepaid health insurance coverage to our members through a network of independent primary care physicians , specialty physicians , and other health care providers who .
Question: c o n s i d e r i n g t h e s m a r t p l a n s a n d o t h e r c o n s u m e r m e m b e r s h i p , w h a t i s t h e p e r c e n t a g e o f t h e f u l l y i n s u r e d a m o n g t h e t o t a l c o m m e r c i a l m e d i c a l p l a n s ? | 264 |
108288.9 | Given the context, answer the question.
Context: cross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31 : 2007 2006 2005 ( in millions ) .
( in millions ) | 2007 | 2006 | 2005 united kingdom | $ 5951 | $ 5531 | $ 2696 canada | 4565 | 2014 | 1463 australia | 3567 | 1519 | 1441 netherlands | 2014 | 2014 | 992 germany | 2944 | 2696 | 4217 total cross-border outstandings | $ 17027 | $ 9746 | $ 10809
the total cross-border outstandings presented in the table represented 12% ( 12 % ) , 9% ( 9 % ) and 11% ( 11 % ) of our consolidated total assets as of december 31 , 2007 , 2006 and 2005 , respectively . there were no cross- border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 , amounted to $ 1.05 billion ( canada ) and at december 31 , 2005 , amounted to $ 1.86 billion ( belgium and japan ) . capital regulatory and economic capital management both use key metrics evaluated by management to ensure that our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives . regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors . we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements . our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt . the capital committee , working in conjunction with the asset and liability committee , referred to as 2018 2018alco , 2019 2019 oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies . the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve board . both state street and state street bank are subject to the minimum capital requirements established by the federal reserve board and defined in the federal deposit insurance corporation improvement act of 1991 . state street bank must meet the regulatory capital thresholds for 2018 2018well capitalized 2019 2019 in order for the parent company to maintain its status as a financial holding company. .
Question: w h a t a r e t h e t o t a l c o n s o l i d a t e d a s s e t s i n 2 0 0 6 ? | 265 |
773% | Given the context, answer the question.
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2010 reconciliation of accumulated depreciation and amortization ( in thousands ) .
balance december 31 2007 | $ 756703 additions during period 2014depreciation and amortization expense | 101321 deductions during period 2014disposition and retirements of property | -11766 ( 11766 ) balance december 31 2008 | 846258 additions during period 2014depreciation and amortization expense | 103698 deductions during period 2014disposition and retirements of property | -11869 ( 11869 ) balance december 31 2009 | 938087 additions during period 2014depreciation and amortization expense | 108261 deductions during period 2014disposition and retirements of property | -11144 ( 11144 ) balance december 31 2010 | $ 1035204
.
Question: h o w b i g g e r a r e t h e a d d i t i o n s i n c o m p a r i s o n w i t h t h e d e d u c t i o n s d u r i n g 2 0 0 9 ? | 266 |
16.7% | Given the context, answer the question.
Context: table of contents 4 . acquisitions , dispositions and plant closures acquisitions 2022 so.f.ter . s.p.a . on december 1 , 2016 , the company acquired 100% ( 100 % ) of the stock of the forli , italy based so.f.ter . s.p.a . ( "softer" ) , a leading thermoplastic compounder . the acquisition of softer increases the company's global engineered materials product platforms , extends the operational model , technical and industry solutions capabilities and expands project pipelines . the acquisition was accounted for as a business combination and the acquired operations are included in the advanced engineered materials segment . pro forma financial information since the respective acquisition date has not been provided as the acquisition did not have a material impact on the company's financial information . the company allocated the purchase price of the acquisition to identifiable assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date . the excess of the purchase price over the aggregate fair values was recorded as goodwill ( note 2 and note 11 ) . the company calculated the fair value of the assets acquired using the income , market , or cost approach ( or a combination thereof ) . fair values were determined based on level 3 inputs ( note 2 ) including estimated future cash flows , discount rates , royalty rates , growth rates , sales projections , retention rates and terminal values , all of which require significant management judgment and are susceptible to change . the purchase price allocation is based upon preliminary information and is subject to change if additional information about the facts and circumstances that existed at the acquisition date becomes available . the final fair value of the net assets acquired may result in adjustments to the assets and liabilities , including goodwill . however , any subsequent measurement period adjustments are not expected to have a material impact on the company's results of operations . the preliminary purchase price allocation for the softer acquisition is as follows : december 1 , 2016 ( in $ millions ) .
| as ofdecember 1 2016 ( in $ millions ) cash and cash equivalents | 11 trade receivables - third party and affiliates | 53 inventories | 58 property plant and equipment net | 68 intangible assets ( note 11 ) | 79 goodwill ( note 11 ) ( 1 ) | 106 other assets ( 2 ) | 33 total fair value of assets acquired | 408 trade payables - third party and affiliates | -41 ( 41 ) total debt ( note 14 ) | -103 ( 103 ) deferred income taxes | -30 ( 30 ) other liabilities | -45 ( 45 ) total fair value of liabilities assumed | -219 ( 219 ) net assets acquired | 189
______________________________ ( 1 ) goodwill consists of expected revenue and operating synergies resulting from the acquisition . none of the goodwill is deductible for income tax purposes . ( 2 ) includes a $ 23 million indemnity receivable for uncertain tax positions related to the acquisition . transaction related costs of $ 3 million were expensed as incurred to selling , general and administrative expenses in the consolidated statements of operations . the amount of pro forma net earnings ( loss ) of softer included in the company's consolidated statement of operations was approximately 2% ( 2 % ) ( unaudited ) of its consolidated net earnings ( loss ) had the acquisition occurred as of the beginning of 2016 . the amount of softer net earnings ( loss ) consolidated by the company since the acquisition date was not material. .
Question: h o w m u c h o f t h e s o f t e r a s s e t s a c q u i r e d w e r e h a r d a s s e t s ? | 267 |
80% | Given the context, answer the question.
Context: operating lease agreements . included in these amounts was contingent rent expense of $ 3.6 million , $ 2.0 million and $ 0.6 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively . the operating lease obligations included above do not include any contingent rent . sponsorships and other marketing commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2011 : ( in thousands ) .
2012 | $ 52855 2013 | 46910 2014 | 42514 2015 | 22689 2016 | 3580 2017 and thereafter | 966 total future minimum sponsorship and other marketing payments | $ 169514
the amounts listed above are the minimum obligations required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . the company is , from time to time , involved in routine legal matters incidental to its business . the company believes that the ultimate resolution of any such current proceedings and claims will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . 9 . stockholders 2019 equity the company 2019s class a common stock and class b convertible common stock have an authorized number of shares of 100.0 million shares and 11.3 million shares , respectively , and each have a par value of $ 0.0003 1/3 per share . holders of class a common stock and class b convertible common stock have identical rights , including liquidation preferences , except that the holders of class a common stock are entitled to one vote per share and holders of class b convertible common stock are entitled to 10 votes per share on all matters submitted to a stockholder vote . class b convertible common stock may only be held by kevin plank .
Question: w h a t w a s t h e p e r c e n t a g e i n c r e a s e t h e c o n t i n g e n t r e n t e x p e n s e f r o m 2 0 1 0 t o 2 0 1 1 | 268 |
27.3 | Given the context, answer the question.
Context: hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) fiscal 2007 acquisition : acquisition of biolucent , inc . on september 18 , 2007 the company completed the acquisition of biolucent , inc . ( 201cbiolucent 201d ) pursuant to a definitive agreement dated june 20 , 2007 . the results of operations for biolucent have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment . the company has concluded that the acquisition of biolucent does not represent a material business combination and therefore no pro forma financial information has been provided herein . biolucent , previously located in aliso viejo , california , develops , markets and sells mammopad breast cushions to decrease the discomfort associated with mammography . prior to the acquisition , biolucent 2019s primary research and development efforts were directed at its brachytherapy business which was focused on breast cancer therapy . prior to the acquisition , biolucent spun-off its brachytherapy technology and business to the holders of biolucent 2019s outstanding shares of capital stock . as a result , the company only acquired biolucent 2019s mammopad cushion business and related assets . the company invested $ 1000 directly in the spun-off brachytherapy business in exchange for shares of preferred stock issued by the new business . the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses . the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no . 99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination . the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets . the company has considered the provision of eitf issue no . 95-8 , accounting for contingent consideration paid to the shareholders of an acquired enterprise in a purchase business combination , and concluded that this contingent consideration will represent additional purchase price . as a result , goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable . as of september 27 , 2008 , the company has not recorded any amounts for these potential earn-outs . the allocation of the purchase price is based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 . the components and allocation of the purchase price consists of the following approximate amounts: .
net tangible assets acquired as of september 18 2007 | $ 2800 developed technology and know how | 12300 customer relationship | 17000 trade name | 2800 deferred income tax liabilities net | -9500 ( 9500 ) goodwill | 47800 final purchase price | $ 73200
as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name and developed technology and know-how had separately identifiable values . the fair value of these intangible assets was determined through the application of the income approach . customer relationship represents a large customer base that is expected to purchase the disposable mammopad product on a regular basis . trade name represents the .
Question: w h a t i s t h e e s t i m a t e d p r i c e o f h o l o g i c c o m m o n s t o c k u s e d i n t h e t r a n s a c t i o n f o r b i o l u c e n t a c q u i s i t i o n ? | 269 |
-19% | Given the context, answer the question.
Context: edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 . common stock ( continued ) the company also maintains the nonemployee directors stock incentive compensation program ( the 2018 2018nonemployee directors program 2019 2019 ) . under the nonemployee directors program , each nonemployee director may receive annually up to 10000 stock options or 4000 restricted stock units of the company 2019s common stock , or a combination thereof , provided that in no event may the total value of the combined annual award exceed $ 0.2 million . additionally , each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units . each option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments . each option and restricted stock unit award granted after 2011 generally vests after one year . upon a director 2019s initial election to the board , the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $ 0.2 million , not to exceed 10000 shares . these grants vest over three years from the date of grant . under the nonemployee directors program , an aggregate of 1.4 million shares of the company 2019s common stock has been authorized for issuance . the company has an employee stock purchase plan for united states employees and a plan for international employees ( collectively 2018 2018espp 2019 2019 ) . under the espp , eligible employees may purchase shares of the company 2019s common stock at 85% ( 85 % ) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase . under the espp , employees can authorize the company to withhold up to 12% ( 12 % ) of their compensation for common stock purchases , subject to certain limitations . the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states to the extent permitted by local law . the espp for united states employees is qualified under section 423 of the internal revenue code . the number of shares of common stock authorized for issuance under the espp was 6.6 million shares . the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables . the risk-free interest rate is estimated using the u.s . treasury yield curve and is based on the expected term of the award . expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards 2019 stock and the implied volatility from traded options on edwards 2019 stock . the expected term of awards granted is estimated from the vesting period of the award , as well as historical exercise behavior , and represents the period of time that awards granted are expected to be outstanding . the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.1% ( 5.1 % ) . the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods : option awards .
| 2013 | 2012 | 2011 average risk-free interest rate | 0.8% ( 0.8 % ) | 0.7% ( 0.7 % ) | 1.7% ( 1.7 % ) expected dividend yield | none | none | none expected volatility | 31% ( 31 % ) | 31% ( 31 % ) | 27% ( 27 % ) expected life ( years ) | 4.6 | 4.6 | 4.5 fair value per share | $ 19.47 | $ 23.93 | $ 22.78
.
Question: w h a t i s t h e p e r c e n t a g e c h a n g e i n t h e f a i r v a l u e p e r s h a r e b e t w e e n 2 0 1 2 a n d 2 0 1 3 ? | 270 |
85331 | Given the context, answer the question.
Context: system energy resources , inc . management 2019s financial discussion and analysis also in addition to the contractual obligations , system energy has $ 382.3 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions . see note 3 to the financial statements for additional information regarding unrecognized tax benefits . in addition to routine spending to maintain operations , the planned capital investment estimate includes specific investments and initiatives such as the nuclear fleet operational excellence initiative , as discussed below in 201cnuclear matters , 201d and plant improvements . as a wholly-owned subsidiary , system energy dividends its earnings to entergy corporation at a percentage determined monthly . sources of capital system energy 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt issuances ; and 2022 bank financing under new or existing facilities . system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable . all debt and common stock issuances by system energy require prior regulatory approval . debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . system energy has sufficient capacity under these tests to meet its foreseeable capital needs . system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
2016 | 2015 | 2014 | 2013 ( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands ) $ 33809 | $ 39926 | $ 2373 | $ 9223
see note 4 to the financial statements for a description of the money pool . the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 . as of december 31 , 2016 , $ 66.9 million in letters of credit were outstanding under the credit facility to support a like amount of commercial paper issued by the system energy nuclear fuel company variable interest entity . see note 4 to the financial statements for additional discussion of the variable interest entity credit facility . system energy obtained authorizations from the ferc through october 2017 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity . see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits. .
Question: f o r t h e p e r i o d f r o m 2 0 1 3 t o 2 0 1 6 , w h a t w a s t h e c o m b i n e d b a l a n c e ( i n t h o u s a n d s ) f o r m o n e y p o o l r e c e i v a b l e s ? \ \ n | 271 |
0.71% | Given the context, answer the question.
Context: table of contents certain union-represented american mainline employees are covered by agreements that are not currently amendable . until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process described above , and , in the meantime , no self-help will be permissible . the piedmont mechanics and stock clerks and the psa dispatchers have agreements that are now amendable and are engaged in traditional rla negotiations . none of the unions representing our employees presently may lawfully engage in concerted refusals to work , such as strikes , slow-downs , sick-outs or other similar activity , against us . nonetheless , there is a risk that disgruntled employees , either with or without union involvement , could engage in one or more concerted refusals to work that could individually or collectively harm the operation of our airline and impair our financial performance . for more discussion , see part i , item 1a . risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel . based on our 2016 forecasted mainline and regional fuel consumption , we estimate that , as of december 31 , 2015 , a one cent per gallon increase in aviation fuel price would increase our 2016 annual fuel expense by $ 44 million . the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline operations for 2015 and 2014 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total mainline operating expenses .
year | gallons | average price pergallon | aircraft fuel expense | percent of total mainline operating expenses 2015 | 3611 | $ 1.72 | $ 6226 | 21.6% ( 21.6 % ) 2014 | 3644 | 2.91 | 10592 | 33.2% ( 33.2 % )
total fuel expenses for our wholly-owned and third-party regional carriers operating under capacity purchase agreements of american were $ 1.2 billion and $ 2.0 billion for the years ended december 31 , 2015 and 2014 , respectively . as of december 31 , 2015 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices and significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d insurance we maintain insurance of the types that we believe are customary in the airline industry , including insurance for public liability , passenger liability , property damage , and all-risk coverage for damage to our aircraft . principal coverage includes liability for injury to members of the public , including passengers , damage to .
Question: i n 2 0 1 6 w h a t i s t h e a n t i c i p a t e d p e r c e n t a g e i n c r e a s e i n t h e a i r c r a f t f u e l e x p e n s e | 272 |
24.1% | Given the context, answer the question.
Context: assets ( including trade receivables ) that are in the scope of the update . asu 2016-13 also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees . the guidance will become effective for us on january 1 , 2020 . early adoption is permitted for periods beginning on or after january 1 , 2019 . we are evaluating the effect of asu 2016-13 on our consolidated financial statements . note 2 2014 acquisitions the transactions described below were accounted for as business combinations , which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date . on october 17 , 2018 , we acquired sicom systems , inc . ( 201csicom 201d ) for total purchase consideration of $ 409.2 million , which we funded with cash on hand and by drawing on our revolving credit facility ( described in 201cnote 8 2014 long-term debt and lines of credit 201d ) . sicom is a provider of end-to-end enterprise , cloud-based software solutions and other technologies to quick service restaurants and food service management companies . sicom 2019s technologies are complementary to our existing xenial solutions , and we believe this acquisition will expand our software-driven payments strategy by enabling us to increase our capabilities and expand on our existing presence in the restaurant vertical market . prior to the acquisition , sicom was indirectly owned by a private equity investment firm where one of our board members is a partner and investor . his direct interest in the transaction was approximately $ 1.1 million , the amount distributed to him based on his investment interest in the fund of the private equity firm that sold sicom to us . based on consideration of all relevant information , the audit committee of our board of directors recommended that the board approve the acquisition of sicom , which it did . the provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of december 31 , 2018 , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : .
cash and cash equivalents | $ 7540 property and equipment | 5943 identified intangible assets | 188294 other assets | 22278 deferred income taxes | -48448 ( 48448 ) other liabilities | -31250 ( 31250 ) total identifiable net assets | 144357 goodwill | 264844 total purchase consideration | $ 409201
as of december 31 , 2018 , we considered these balances to be provisional because we were still in the process of determining the final purchase consideration , which is subject to adjustment pursuant to the purchase agreement , and gathering and reviewing information to support the valuations of the assets acquired and liabilities assumed . goodwill arising from the acquisition of $ 264.8 million , included in the north america segment , was attributable to expected growth opportunities , an assembled workforce and potential synergies from combining our existing businesses . we expect that approximately $ 50 million of the goodwill from this acquisition will be deductible for income tax purposes . 74 2013 global payments inc . | 2018 form 10-k annual report .
Question: w h a t i s t h e p e r c e n t o f a s s e t s a r e d e f i n i t i v e n e t a s s e t s ? | 273 |
6.2% | Given the context, answer the question.
Context: visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) purchase consideration total purchase consideration of approximately $ 17.3 billion was exchanged in october 2007 for the acquired interests . the consideration was comprised of the following: .
| in millions visa inc . common stock | $ 16785 visa europe put option | 346 liability under framework agreement | 132 total purchase consideration issued at reorganization date | 17263 visa inc . shares issued as additional purchase consideration at the time of the true-up ( 1 ) | 1150 total purchase consideration | $ 18413
( 1 ) see description of the true-up of purchase consideration below . see note 4 2014visa europe for more information related to the visa europe put option and the liability under framework agreement . visa inc . common stock issued in exchange for the acquired regions the value of the purchase consideration conveyed to each of the member groups of the acquired regions was determined by valuing the underlying businesses contributed by each , after giving effect to negotiated adjustments . the value of the purchase consideration , consisting of all outstanding shares of class canada , class ap , class lac and class cemea common stock , was measured at june 15 , 2007 ( the 201cmeasurement date 201d ) , the date on which all parties entered into the global restructuring agreement , and was determined to have a fair value of approximately $ 12.6 billion . the company primarily relied upon the analysis of comparable companies with similar industry , business model and financial profiles . this analysis considered a range of metrics including the forward multiples of revenue ; earnings before interest , depreciation and amortization ; and net income of comparable companies . ultimately , the company determined that the forward net income multiple was the most appropriate measure to value the acquired regions and reflect anticipated changes in the company 2019s financial profile prospectively . this multiple was applied to the corresponding forward net income of the acquired regions to calculate their value . the most comparable company identified was mastercard inc . therefore , the most significant input into this analysis was mastercard 2019s forward net income multiple of 27 times net income at the measurement date . the company additionally performed discounted cash flow analyses for each region . these analyses considered the company 2019s forecast by region and incorporated market participant assumptions for growth and profitability . the cash flows were discounted using rates ranging from 12-16% ( 12-16 % ) , reflecting returns for investments times earnings before interest , tax , depreciation and amortization ( 201cebitda 201d ) to ascribe value to periods beyond the company 2019s forecast , consistent with recent payment processing , financial exchange and credit card precedent transactions. .
Question: w h a t p o r t i o n o f t h e t o t a l p u r c h a s e c o n s i d e r a t i o n w a s i s s u e d a t t h e t i m e o f t h e t r u e - u p ? | 274 |
$ 4135 | Given the context, answer the question.
Context: management 2019s discussion and analysis of financial condition and results of operations in 2008 , asp was flat compared to 2007 . by comparison , asp decreased approximately 9% ( 9 % ) in 2007 and decreased approximately 11% ( 11 % ) in 2006 . the segment has several large customers located throughout the world . in 2008 , aggregate net sales to the segment 2019s five largest customers accounted for approximately 41% ( 41 % ) of the segment 2019s net sales . besides selling directly to carriers and operators , the segment also sells products through a variety of third-party distributors and retailers , which accounted for approximately 24% ( 24 % ) of the segment 2019s net sales in 2008 . although the u.s . market continued to be the segment 2019s largest individual market , many of our customers , and 56% ( 56 % ) of the segment 2019s 2008 net sales , were outside the u.s . in 2008 , the largest of these international markets were brazil , china and mexico . as the segment 2019s revenue transactions are largely denominated in local currencies , we are impacted by the weakening in the value of these local currencies against the u.s . dollar . a number of our more significant international markets , particularly in latin america , were impacted by this trend in late 2008 . home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol video and broadcast network interactive set-tops , end-to-end video distribution systems , broadband access infrastructure platforms , and associated data and voice customer premise equipment to cable television and telecom service providers ( collectively , referred to as the 2018 2018home business 2019 2019 ) , and ( ii ) wireless access systems , including cellular infrastructure systems and wireless broadband systems , to wireless service providers ( collectively , referred to as the 2018 2018network business 2019 2019 ) . in 2009 , the segment 2019s net sales represented 36% ( 36 % ) of the company 2019s consolidated net sales , compared to 33% ( 33 % ) in 2008 and 27% ( 27 % ) in 2007 . years ended december 31 percent change ( dollars in millions ) 2009 2008 2007 2009 20142008 2008 20142007 .
( dollars in millions ) | years ended december 31 2009 | years ended december 31 2008 | years ended december 31 2007 | years ended december 31 2009 20142008 | 2008 20142007 segment net sales | $ 7963 | $ 10086 | $ 10014 | ( 21 ) % ( % ) | 1% ( 1 % ) operating earnings | 558 | 918 | 709 | ( 39 ) % ( % ) | 29% ( 29 % )
segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 8.0 billion , a decrease of 21% ( 21 % ) compared to net sales of $ 10.1 billion in 2008 . the 21% ( 21 % ) decrease in net sales reflects a 22% ( 22 % ) decrease in net sales in the networks business and a 21% ( 21 % ) decrease in net sales in the home business . the 22% ( 22 % ) decrease in net sales in the networks business was primarily driven by lower net sales of gsm , cdma , umts and iden infrastructure equipment , partially offset by higher net sales of wimax products . the 21% ( 21 % ) decrease in net sales in the home business was primarily driven by a 24% ( 24 % ) decrease in net sales of digital entertainment devices , reflecting : ( i ) an 18% ( 18 % ) decrease in shipments of digital entertainment devices , primarily due to lower shipments to large cable and telecommunications operators in north america as a result of macroeconomic conditions , and ( ii ) a lower asp due to an unfavorable shift in product mix . the segment shipped 14.7 million digital entertainment devices in 2009 , compared to 18.0 million shipped in 2008 . on a geographic basis , the 21% ( 21 % ) decrease in net sales was driven by lower net sales in all regions . the decrease in net sales in north america was primarily due to : ( i ) lower net sales in the home business , and ( ii ) lower net sales of cdma and iden infrastructure equipment , partially offset by higher net sales of wimax products . the decrease in net sales in emea was primarily due to lower net sales of gsm infrastructure equipment , partially offset by higher net sales of wimax products and higher net sales in the home business . the decrease in net sales in asia was primarily driven by lower net sales of gsm , umts and cdma infrastructure equipment , partially offset by higher net sales in the home business . the decrease in net sales in latin america was primarily due to : ( i ) lower net sales in the home business , and ( ii ) lower net sales of iden infrastructure equipment , partially offset by higher net sales of wimax products . net sales in north america accounted for approximately 51% ( 51 % ) of the segment 2019s total net sales in 2009 , compared to approximately 50% ( 50 % ) of the segment 2019s total net sales in 2008. .
Question: w h a t w a s t h e a g g e r a t e n e t s a l e s i n 2 0 0 8 ? | 275 |
31% | Given the context, answer the question.
Context: interest expense related to capital lease obligations was $ 1.6 million during the year ended december 31 , 2015 , and $ 1.6 million during both the years ended december 31 , 2014 and 2013 . purchase commitments in the table below , we set forth our enforceable and legally binding purchase obligations as of december 31 , 2015 . some of the amounts are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties , and other factors . because these estimates and assumptions are necessarily subjective , our actual payments may vary from those reflected in the table . purchase orders made in the ordinary course of business are excluded below . any amounts for which we are liable under purchase orders are reflected on the consolidated balance sheets as accounts payable and accrued liabilities . these obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one year to 20 years . total purchase commitments were as follows ( dollars in millions ) : .
2016 | $ 95.3 2017 | 60.3 2018 | 28.0 2019 | 28.0 2020 | 23.4 thereafter | 77.0 total | $ 312.0
the company purchased a total of $ 299.6 million , $ 265.9 million , and $ 61.7 million during the years ended december 31 , 2015 , 2014 , and 2013 , respectively , under these purchase agreements . the increase in purchases the increase in purchases under these agreements in 2014 , compared with 2013 , relates to the acquisition of boise in fourth quarter 2013 . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 2006 through 2015 , there were no significant environmental remediation costs at pca 2019s mills and corrugated plants . at december 31 , 2015 , the company had $ 24.3 million of environmental-related reserves recorded on its consolidated balance sheet . of the $ 24.3 million , approximately $ 15.8 million related to environmental-related asset retirement obligations discussed in note 12 , asset retirement obligations , and $ 8.5 million related to our estimate of other environmental contingencies . the company recorded $ 7.9 million in 201caccrued liabilities 201d and $ 16.4 million in 201cother long-term liabilities 201d on the consolidated balance sheet . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . the company believes that it is not reasonably possible that future environmental expenditures for remediation costs and asset retirement obligations above the $ 24.3 million accrued as of december 31 , 2015 , will have a material impact on its financial condition , results of operations , or cash flows . guarantees and indemnifications we provide guarantees , indemnifications , and other assurances to third parties in the normal course of our business . these include tort indemnifications , environmental assurances , and representations and warranties in commercial agreements . at december 31 , 2015 , we are not aware of any material liabilities arising from any guarantee , indemnification , or financial assurance we have provided . if we determined such a liability was probable and subject to reasonable determination , we would accrue for it at that time. .
Question: w h a t p e r c e n t a g e o f t o t a l p u r c h a s e c o m m i t m e n t s a r e d u e i n 2 0 1 6 ? | 276 |
211874.5 | Given the context, answer the question.
Context: notes to the consolidated financial statements competitive environment and general economic and business conditions , among other factors . pullmantur is a brand targeted primarily at the spanish , portu- guese and latin american markets and although pullmantur has diversified its passenger sourcing over the past few years , spain still represents pullmantur 2019s largest market . as previously disclosed , during 2012 european economies continued to demonstrate insta- bility in light of heightened concerns over sovereign debt issues as well as the impact of proposed auster- ity measures on certain markets . the spanish econ- omy was more severely impacted than many other economies and there is significant uncertainty as to when it will recover . in addition , the impact of the costa concordia incident has had a more lingering effect than expected and the impact in future years is uncertain . these factors were identified in the past as significant risks which could lead to the impairment of pullmantur 2019s goodwill . more recently , the spanish economy has progressively worsened and forecasts suggest the challenging operating environment will continue for an extended period of time . the unemployment rate in spain reached 26% ( 26 % ) during the fourth quarter of 2012 and is expected to rise further in 2013 . the international monetary fund , which had projected gdp growth of 1.8% ( 1.8 % ) a year ago , revised its 2013 gdp projections downward for spain to a contraction of 1.3% ( 1.3 % ) during the fourth quarter of 2012 and further reduced it to a contraction of 1.5% ( 1.5 % ) in january of 2013 . during the latter half of 2012 new austerity measures , such as increases to the value added tax , cuts to benefits , the phasing out of exemptions and the suspension of government bonuses , were implemented by the spanish government . we believe these austerity measures are having a larger impact on consumer confidence and discretionary spending than previously anticipated . as a result , there has been a significant deterioration in bookings from guests sourced from spain during the 2013 wave season . the combination of all of these factors has caused us to negatively adjust our cash flow projections , especially our closer-in net yield assumptions and the expectations regarding future capacity growth for the brand . based on our updated cash flow projections , we determined the implied fair value of goodwill for the pullmantur reporting unit was $ 145.5 million and rec- ognized an impairment charge of $ 319.2 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . there have been no goodwill impairment charges related to the pullmantur reporting unit in prior periods . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) perform worse than contemplated in our discounted cash flow model , or if there are material changes to the projected future cash flows used in the impair- ment analyses , especially in net yields , an additional impairment charge of the pullmantur reporting unit 2019s goodwill may be required . note 4 . intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : .
| 2012 | 2011 indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 218883 | $ 225679 impairment charge | -17356 ( 17356 ) | 2014 foreign currency translation adjustment | 3339 | -6796 ( 6796 ) total | $ 204866 | $ 218883
during the fourth quarter of 2012 , we performed the annual impairment review of our trademarks and trade names using a discounted cash flow model and the relief-from-royalty method . the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry . these trademarks and trade names relate to pullmantur and we have used a discount rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test . as described in note 3 . goodwill , the continued deterioration of the spanish economy caused us to negatively adjust our cash flow projections for the pullmantur reporting unit , especially our closer-in net yield assumptions and the timing of future capacity growth for the brand . based on our updated cash flow projections , we determined that the fair value of pullmantur 2019s trademarks and trade names no longer exceeded their carrying value . accordingly , we recog- nized an impairment charge of approximately $ 17.4 million to write down trademarks and trade names to their fair value of $ 204.9 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) 0494.indd 76 3/27/13 12:53 pm .
Question: w h a t i s t h e a v e r a g e o f i n t a n g i b l e a s s e t s f r o m 2 0 1 1 - 2 0 1 2 , i n t h o u s a n d s ? | 277 |
-151100 | Given the context, answer the question.
Context: advance auto parts , inc . and subsidiaries notes to the consolidated financial statements december 31 , 2016 , january 2 , 2016 and january 3 , 2015 ( in thousands , except per share data ) 2 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 89% ( 89 % ) of inventories at both december 31 , 2016 and january 2 , 2016 . 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 2016 and prior years . as a result of utilizing lifo , the company recorded a reduction to cost of sales of $ 40711 and $ 42295 in 2016 and 2015 , respectively , and an increase to cost of sales of $ 8930 in 2014 . historically , the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased as the company has been able to leverage its continued growth and execution of merchandise strategies . the increase in cost of sales for 2014 was the result of an increase in supply chain costs . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries and the inventory of certain subsidiaries , which are valued under the first-in , first-out ( 201cfifo 201d ) method . product cores are included as part of the company 2019s 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 2019s 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 as of december 31 , 2016 and january 2 , 2016 , were $ 395240 and $ 359829 , respectively . inventory balance and inventory reserves inventory balances at the end of 2016 and 2015 were as follows : december 31 , january 2 .
| december 312016 | january 22016 inventories at fifo net | $ 4120030 | $ 4009641 adjustments to state inventories at lifo | 205838 | 165127 inventories at lifo net | $ 4325868 | $ 4174768
inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of merchandise and core inventory . in its distribution centers and branches , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of merchandise and product core inventory . reserves for estimated shrink are established based on the results of physical inventories conducted by the company and other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends . the company also establishes reserves for potentially excess and obsolete inventories based on ( i ) current inventory levels , ( ii ) the historical analysis of product sales and ( iii ) current market conditions . the company has return rights with many of its vendors and the majority of excess inventory is returned to its vendors for full credit . in certain situations , the company establishes reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs. .
Question: h o w t h e c a s h f l o w f r o m o p e r a t i o n s a f f e c t e d b y t h e i n c r e a s e i n i n v e n t o r i e s a t l i f o n e t i n 2 0 1 6 ? | 278 |
55.3% | Given the context, answer the question.
Context: financial assurance we must provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts . we satisfy these financial assurance requirements by providing surety bonds , letters of credit , or insurance policies ( financial assurance instruments ) , or trust deposits , which are included in restricted cash and marketable securities and other assets in our consolidated balance sheets . the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations . the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill . generally , states require a third-party engineering specialist to determine the estimated capping , closure and post-closure costs that are used to determine the required amount of financial assurance for a landfill . the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s . gaap . the amount of the financial assurance requirements related to contract performance varies by contract . additionally , we must provide financial assurance for our insurance program and collateral for certain performance obligations . we do not expect a material increase in financial assurance requirements during 2015 , although the mix of financial assurance instruments may change . these financial assurance instruments are issued in the normal course of business and are not considered indebtedness . because we currently have no liability for the financial assurance instruments , they are not reflected in our consolidated balance sheets ; however , we record capping , closure and post-closure liabilities and insurance liabilities as they are incurred . the underlying obligations of the financial assurance instruments , in excess of those already reflected in our consolidated balance sheets , would be recorded if it is probable that we would be unable to fulfill our related obligations . we do not expect this to occur . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and financial assurances , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . free cash flow we define free cash flow , which is not a measure determined in accordance with u.s . gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment , as presented in our consolidated statements of cash flows . the following table calculates our free cash flow for the years ended december 31 , 2014 , 2013 and 2012 ( in millions of dollars ) : .
| 2014 | 2013 | 2012 cash provided by operating activities | $ 1529.8 | $ 1548.2 | $ 1513.8 purchases of property and equipment | -862.5 ( 862.5 ) | -880.8 ( 880.8 ) | -903.5 ( 903.5 ) proceeds from sales of property and equipment | 35.7 | 23.9 | 28.7 free cash flow | $ 703.0 | $ 691.3 | $ 639.0
for a discussion of the changes in the components of free cash flow , you should read our discussion regarding cash flows provided by operating activities and cash flows used in investing activities contained elsewhere in this management 2019s discussion and analysis of financial condition and results of operations. .
Question: i n 2 0 1 3 w h a t w a s t h e p e r c e n t a g e d e c l i n e i n f r e e c a s h f l o w | 279 |
1.4% | Given the context, answer the question.
Context: "distribution date" ) . until the distribution date ( or earlier redemption or expiration of the rights ) , the rights will be traded with , and only with , the common stock . until a right is exercised , the right will not entitle the holder thereof to any rights as a stockholder . if any person or group becomes an acquiring person , each holder of a right , other than rights beneficially owned by the acquiring person , will thereafter have the right to receive upon exercise and payment of the purchase price that number of shares of common stock having a market value of two times the purchase price and , if the company is acquired in a business combination transaction or 50% ( 50 % ) or more of its assets are sold , each holder of a right will thereafter have the right to receive upon exercise and payment of the purchase price that number of shares of common stock of the acquiring company which at the time of the transaction will have a market value of two times the purchase price . at any time after any person becomes an acquiring person and prior to the acquisition by such person or group of 50% ( 50 % ) or more of the outstanding common stock , the board of directors of the company may cause the rights ( other than rights owned by such person or group ) to be exchanged , in whole or in part , for common stock or junior preferred shares , at an exchange rate of one share of common stock per right or one half of one-hundredth of a junior preferred share per right . at any time prior to the acquisition by a person or group of beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock , the board of directors of the company may redeem the rights at a price of $ 0.01 per right . the rights have certain anti-takeover effects , in that they will cause substantial dilution to a person or group that attempts to acquire a significant interest in vertex on terms not approved by the board of directors . common stock reserved for future issuance at december 31 , 2005 , the company has reserved shares of common stock for future issuance under all equity compensation plans as follows ( shares in thousands ) : o . significant revenue arrangements the company has formed strategic collaborations with pharmaceutical companies and other organizations in the areas of drug discovery , development , and commercialization . research , development and commercialization agreements provide the company with financial support and other valuable resources for its research programs and for the development of clinical drug candidates , and the marketing and sales of products . collaborative research , development and commercialization agreements in the company's collaborative research , development and commercialization programs the company seeks to discover , develop and commercialize pharmaceutical products in conjunction with and supported by the company's collaborators . collaborative research and development arrangements may provide research funding over an initial contract period with renewal and termination options that .
common stock under stock and option plans | 17739 common stock under the vertex purchase plan | 842 common stock under the vertex 401 ( k ) plan | 270 total | 18851
.
Question: w h a t p e r c e n t o f t h e t o t a l c o m m o n s t o c k i s u n d e r t h e v e r t e x 4 0 1 ( k ) p l a n ? | 280 |
304% | Given the context, answer the question.
Context: entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds . ( b ) the bonds are secured by a series of collateral first mortgage bonds . ( c ) in december 2005 , entergy corporation sold 10 million equity units with a stated amount of $ 50 each . an equity unit consisted of ( 1 ) a note , initially due february 2011 and initially bearing interest at an annual rate of 5.75% ( 5.75 % ) , and ( 2 ) a purchase contract that obligated the holder of the equity unit to purchase for $ 50 between 0.5705 and 0.7074 shares of entergy corporation common stock on or before february 17 , 2009 . entergy paid the holders quarterly contract adjustment payments of 1.875% ( 1.875 % ) per year on the stated amount of $ 50 per equity unit . under the terms of the purchase contracts , entergy attempted to remarket the notes in february 2009 but was unsuccessful , the note holders put the notes to entergy , entergy retired the notes , and entergy issued 6598000 shares of common stock in the settlement of the purchase contracts . ( d ) pursuant to the nuclear waste policy act of 1982 , entergy's nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term ( e ) the fair value excludes lease obligations , long-term doe obligations , and the note payable to nypa , and includes debt due within one year . it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms . ( f ) entergy gulf states louisiana remains primarily liable for all of the long-term debt issued by entergy gulf states , inc . that was outstanding on december 31 , 2008 and 2007 . under a debt assumption agreement with entergy gulf states louisiana , entergy texas assumed approximately 46% ( 46 % ) of this long-term debt . the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2008 , for the next five years are as follows : amount ( in thousands ) .
| amount ( in thousands ) 2009 | $ 516019 2010 | $ 763036 2011 | $ 897367 2012 | $ 3625459 2013 | $ 579461
in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above . in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization . if entergy's debt ratio exceeds this limit , or if entergy or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur . entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have received ferc long-term financing orders authorizing long-term securities issuances . entergy arkansas has .
Question: 2 0 1 2 d e b t m a t u r i t i e s i s w h a t p e r c e n t h i g h e r t h a n t h e n e x t h i g h e s t y e a r ( 2 0 1 1 ) ? | 281 |
36.4% | Given the context, answer the question.
Context: note 9 : stock based compensation the company has granted stock option and restricted stock unit ( 201crsus 201d ) awards to non-employee directors , officers and other key employees of the company pursuant to the terms of its 2007 omnibus equity compensation plan ( the 201c2007 plan 201d ) . the total aggregate number of shares of common stock that may be issued under the 2007 plan is 15.5 . as of december 31 , 2015 , 8.4 shares were available for grant under the 2007 plan . shares issued under the 2007 plan may be authorized-but-unissued shares of company stock or reacquired shares of company stock , including shares purchased by the company on the open market . the company recognizes compensation expense for stock awards over the vesting period of the award . the following table presents stock-based compensation expense recorded in operation and maintenance expense in the accompanying consolidated statements of operations for the years ended december 31: .
| 2015 | 2014 | 2013 stock options | $ 2 | $ 2 | $ 3 rsus | 8 | 10 | 9 espp | 1 | 1 | 1 stock-based compensation | 11 | 13 | 13 income tax benefit | -4 ( 4 ) | -5 ( 5 ) | -5 ( 5 ) stock-based compensation expense net of tax | $ 7 | $ 8 | $ 8
there were no significant stock-based compensation costs capitalized during the years ended december 31 , 2015 , 2014 and 2013 . the cost of services received from employees in exchange for the issuance of stock options and restricted stock awards is measured based on the grant date fair value of the awards issued . the value of stock options and rsus awards at the date of the grant is amortized through expense over the three-year service period . all awards granted in 2015 , 2014 and 2013 are classified as equity . the company receives a tax deduction based on the intrinsic value of the award at the exercise date for stock options and the distribution date for rsus . for each award , throughout the requisite service period , the company recognizes the tax benefits , which have been included in deferred income tax assets , related to compensation costs . the tax deductions in excess of the benefits recorded throughout the requisite service period are recorded to common stockholders 2019 equity or the statement of operations and are presented in the financing section of the consolidated statements of cash flows . the company stratified its grant populations and used historic employee turnover rates to estimate employee forfeitures . the estimated rate is compared to the actual forfeitures at the end of the reporting period and adjusted as necessary . stock options in 2015 , 2014 and 2013 , the company granted non-qualified stock options to certain employees under the 2007 plan . the stock options vest ratably over the three-year service period beginning on january 1 of the year of the grant . these awards have no performance vesting conditions and the grant date fair value is amortized through expense over the requisite service period using the straight-line method and is included in operations and maintenance expense in the accompanying consolidated statements of operations. .
Question: w h a t w a s t h e r a t e o f t h e i n c o m e t a x b e n e f i t b a s e d o n t h e s t o c k c o m p e n s a t i o n | 282 |
99.6% | Given the context, answer the question.
Context: ventas , inc . notes to consolidated financial statements 2014 ( continued ) applicable indenture . the issuers may also redeem the 2015 senior notes , in whole at any time or in part from time to time , on or after june 1 , 2010 at varying redemption prices set forth in the applicable indenture , plus accrued and unpaid interest thereon to the redemption date . in addition , at any time prior to june 1 , 2008 , the issuers may redeem up to 35% ( 35 % ) of the aggregate principal amount of either or both of the 2010 senior notes and 2015 senior notes with the net cash proceeds from certain equity offerings at redemption prices equal to 106.750% ( 106.750 % ) and 107.125% ( 107.125 % ) , respectively , of the principal amount thereof , plus , in each case , accrued and unpaid interest thereon to the redemption date . the issuers may redeem the 2014 senior notes , in whole at any time or in part from time to time , ( i ) prior to october 15 , 2009 at a redemption price equal to 100% ( 100 % ) of the principal amount thereof , plus a make-whole premium as described in the applicable indenture and ( ii ) on or after october 15 , 2009 at varying redemption prices set forth in the applicable indenture , plus , in each case , accrued and unpaid interest thereon to the redemption date . the issuers may redeem the 2009 senior notes and the 2012 senior notes , in whole at any time or in part from time to time , at a redemption price equal to 100% ( 100 % ) of the principal amount thereof , plus accrued and unpaid interest thereon to the redemption date and a make-whole premium as described in the applicable indenture . if we experience certain kinds of changes of control , the issuers must make an offer to repurchase the senior notes , in whole or in part , at a purchase price in cash equal to 101% ( 101 % ) of the principal amount of the senior notes , plus any accrued and unpaid interest to the date of purchase ; provided , however , that in the event moody 2019s and s&p have confirmed their ratings at ba3 or higher and bb- or higher on the senior notes and certain other conditions are met , this repurchase obligation will not apply . mortgages at december 31 , 2007 , we had outstanding 121 mortgage loans totaling $ 1.57 billion that are collateralized by the underlying assets of the properties . outstanding principal balances on these loans ranged from $ 0.4 million to $ 59.4 million as of december 31 , 2007 . the loans generally bear interest at fixed rates ranging from 5.4% ( 5.4 % ) to 8.5% ( 8.5 % ) per annum , except for 15 loans with outstanding principal balances ranging from $ 0.4 million to $ 32.0 million , which bear interest at the lender 2019s variable rates ranging from 3.4% ( 3.4 % ) to 7.3% ( 7.3 % ) per annum as of december 31 , 2007 . at december 31 , 2007 , the weighted average annual rate on fixed rate debt was 6.5% ( 6.5 % ) and the weighted average annual rate on the variable rate debt was 6.1% ( 6.1 % ) . the loans had a weighted average maturity of 7.0 years as of december 31 , 2007 . sunrise 2019s portion of total debt was $ 157.1 million as of december 31 , scheduled maturities of borrowing arrangements and other provisions as of december 31 , 2007 , our indebtedness had the following maturities ( in thousands ) : .
2008 | $ 193101 2009 | 605762 2010 | 282138 2011 | 303191 2012 | 527221 thereafter | 1436263 total maturities | 3347676 unamortized fair value adjustment | 19669 unamortized commission fees and discounts | -6846 ( 6846 ) senior notes payable and other debt | $ 3360499
.
Question: w h a t p e r c e n t a g e o f t o t a l m a t u r i t i e s m a k e s u p s e n i o r n o t e s p a y a b l e a n d o t h e r d e b t ? | 283 |
1.3% | Given the context, answer the question.
Context: american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 and 2009 , the company had $ 295.4 million and $ 295.0 million net , respectively ( $ 300.0 million aggregate principal amount ) outstanding under the 7.25% ( 7.25 % ) notes . as of december 31 , 2010 and 2009 , the carrying value includes a discount of $ 4.6 million and $ 5.0 million , respectively . 5.0% ( 5.0 % ) convertible notes 2014the 5.0% ( 5.0 % ) convertible notes due 2010 ( 201c5.0% ( 201c5.0 % ) notes 201d ) matured on february 15 , 2010 , and interest was payable semiannually on february 15 and august 15 of each year . the 5.0% ( 5.0 % ) notes were convertible at any time into shares of the company 2019s class a common stock ( 201ccommon stock 201d ) at a conversion price of $ 51.50 per share , subject to adjustment in certain cases . as of december 31 , 2010 and 2009 , the company had none and $ 59.7 million outstanding , respectively , under the 5.0% ( 5.0 % ) notes . ati 7.25% ( 7.25 % ) senior subordinated notes 2014the ati 7.25% ( 7.25 % ) notes were issued with a maturity of december 1 , 2011 and interest was payable semi-annually in arrears on june 1 and december 1 of each year . the ati 7.25% ( 7.25 % ) notes were jointly and severally guaranteed on a senior subordinated basis by the company and substantially all of the wholly owned domestic restricted subsidiaries of ati and the company , other than spectrasite and its subsidiaries . the notes ranked junior in right of payment to all existing and future senior indebtedness of ati , the sister guarantors ( as defined in the indenture relating to the notes ) and their domestic restricted subsidiaries . the ati 7.25% ( 7.25 % ) notes were structurally senior in right of payment to all other existing and future indebtedness of the company , including the company 2019s senior notes , convertible notes and the revolving credit facility and term loan . during the year ended december 31 , 2010 , ati issued a notice for the redemption of the principal amount of its outstanding ati 7.25% ( 7.25 % ) notes . in accordance with the redemption provisions and the indenture for the ati 7.25% ( 7.25 % ) notes , the notes were redeemed at a price equal to 100.00% ( 100.00 % ) of the principal amount , plus accrued and unpaid interest up to , but excluding , september 23 , 2010 , for an aggregate purchase price of $ 0.3 million . as of december 31 , 2010 and 2009 , the company had none and $ 0.3 million , respectively , outstanding under the ati 7.25% ( 7.25 % ) notes . capital lease obligations and notes payable 2014the company 2019s capital lease obligations and notes payable approximated $ 46.3 million and $ 59.0 million as of december 31 , 2010 and 2009 , respectively . these obligations bear interest at rates ranging from 2.5% ( 2.5 % ) to 9.3% ( 9.3 % ) and mature in periods ranging from less than one year to approximately seventy years . maturities 2014as of december 31 , 2010 , aggregate carrying value of long-term debt , including capital leases , for the next five years and thereafter are estimated to be ( in thousands ) : year ending december 31 .
2011 | $ 74896 2012 | 625884 2013 | 618 2014 | 1750479 2015 | 600489 thereafter | 2541858 total cash obligations | 5594224 unamortized discounts and premiums net | -6836 ( 6836 ) balance as of december 31 2010 | $ 5587388
.
Question: w h a t p o r t i o n o f t o t a l c a s h o b l i g a t i o n s i s d u e w i t h i n t h e n e x t 1 2 m o n t h s ? | 284 |
3% | Given the context, answer the question.
Context: management 2019s discussion and analysis 130 jpmorgan chase & co./2013 annual report wholesale credit portfolio the wholesale credit environment remained favorable throughout 2013 driving an increase in commercial client activity . discipline in underwriting across all areas of lending continues to remain a key point of focus , consistent with evolving market conditions and the firm 2019s risk management activities . the wholesale portfolio is actively managed , in part by conducting ongoing , in-depth reviews of credit quality and of industry , product and client concentrations . during the year , wholesale criticized assets and nonperforming assets decreased from higher levels experienced in 2012 , including a reduction in nonaccrual loans by 39% ( 39 % ) . as of december 31 , 2013 , wholesale exposure ( primarily cib , cb and am ) increased by $ 13.7 billion from december 31 , 2012 , primarily driven by increases of $ 11.4 billion in lending-related commitments and $ 8.4 billion in loans reflecting increased client activity primarily in cb and am . these increases were partially offset by a $ 9.2 billion decrease in derivative receivables . derivative receivables decreased predominantly due to reductions in interest rate derivatives driven by an increase in interest rates and reductions in commodity derivatives due to market movements . the decreases were partially offset by an increase in equity derivatives driven by a rise in equity markets . wholesale credit portfolio december 31 , credit exposure nonperforming ( d ) .
december 31 , ( in millions ) | december 31 , 2013 | december 31 , 2012 | 2013 | 2012 loans retained | $ 308263 | $ 306222 | $ 821 | $ 1434 loans held-for-sale | 11290 | 4406 | 26 | 18 loans at fair value ( a ) | 2011 | 2555 | 197 | 265 loans 2013 reported | 321564 | 313183 | 1044 | 1717 derivative receivables | 65759 | 74983 | 415 | 239 receivables from customers and other ( b ) | 26744 | 23648 | 2014 | 2014 total wholesale credit-related assets | 414067 | 411814 | 1459 | 1956 lending-related commitments | 446232 | 434814 | 206 | 355 total wholesale credit exposure | $ 860299 | $ 846628 | $ 1665 | $ 2311 credit portfolio management derivatives notional net ( c ) | $ -27996 ( 27996 ) | $ -27447 ( 27447 ) | $ -5 ( 5 ) | $ -25 ( 25 ) liquid securities and other cash collateral held against derivatives | -14435 ( 14435 ) | -15201 ( 15201 ) | na | na
receivables from customers and other ( b ) 26744 23648 2014 2014 total wholesale credit- related assets 414067 411814 1459 1956 lending-related commitments 446232 434814 206 355 total wholesale credit exposure $ 860299 $ 846628 $ 1665 $ 2311 credit portfolio management derivatives notional , net ( c ) $ ( 27996 ) $ ( 27447 ) $ ( 5 ) $ ( 25 ) liquid securities and other cash collateral held against derivatives ( 14435 ) ( 15201 ) na na ( a ) during 2013 , certain loans that resulted from restructurings that were previously classified as performing were reclassified as nonperforming loans . prior periods were revised to conform with the current presentation . ( b ) receivables from customers and other primarily includes margin loans to prime and retail brokerage customers ; these are classified in accrued interest and accounts receivable on the consolidated balance sheets . ( c ) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures ; these derivatives do not qualify for hedge accounting under u.s . gaap . excludes the synthetic credit portfolio . for additional information , see credit derivatives on pages 137 2013138 , and note 6 on pages 220 2013233 of this annual report . ( d ) excludes assets acquired in loan satisfactions. .
Question: w h a t w a s t h e p e r c e n t a g e c h a n g e i n l o a n s r e p o r t e d f r o m 2 0 1 2 t o 2 0 1 3 ? | 285 |
56% | Given the context, answer the question.
Context: our wholesale segment our wholesale segment sells our products to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops , both domestically and internationally . we have continued to focus on elevating our brand by improving in- store product assortment and presentation , as well as full-price sell-throughs to consumers . as of the end of fiscal 2014 , our ralph lauren-branded products were sold through over 11000 doors worldwide and we invested $ 53 million of capital in related shop- within-shops primarily in domestic and international department and specialty stores . our products are also sold through the e- commerce sites of certain of our wholesale customers . the primary product offerings sold through our wholesale channels of distribution include menswear , womenswear , childrenswear , accessories , and home furnishings . our collection brands 2014 ralph lauren women's collection and black label and men's purple label and black label 2014 are distributed worldwide through a limited number of premier fashion retailers . department stores are our major wholesale customers in north america . in latin america , our wholesale products are sold in department stores and specialty stores . in europe , our wholesale sales are a varying mix of sales to both department stores and specialty stores , depending on the country . in japan , our wholesale products are distributed primarily through shop-within-shops at premier and top-tier department stores , and the mix of business is weighted to men's and women's blue label . in the greater china and southeast asia region and australia , our wholesale products are sold mainly at mid and top-tier department stores , and the mix of business is primarily weighted to men's and women's blue label . we also distribute product to certain licensed stores operated by our partners in latin america , europe , and asia . in addition , our club monaco products are distributed through select department stores and specialty stores in europe . we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores . worldwide distribution channels the following table presents the number of doors by geographic location in which ralph lauren-branded products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of march 29 , 2014: .
location | number of doors the americas ( a ) | 6459 europe | 4864 asia ( b ) | 130 total | 11453
( a ) includes the u.s. , canada , and latin america . ( b ) includes australia , china , japan , the philippines , and thailand . in addition , chaps-branded products distributed by our wholesale segment were sold domestically through approximately 2800 doors as of march 29 , 2014 . we have three key wholesale customers that generate significant sales volume . for fiscal 2014 , these customers in the aggregate accounted for approximately 50% ( 50 % ) of our total wholesale revenues , with macy's , inc . ( "macy's" ) representing approximately 25% ( 25 % ) of our total wholesale revenues . our products are sold primarily through our own sales forces . our wholesale segment maintains its primary showrooms in new york city . in addition , we maintain regional showrooms in milan , paris , london , munich , madrid , stockholm , and panama . shop-within-shops . as a critical element of our distribution to department stores , we and our licensing partners utilize shop-within-shops to enhance brand recognition , to permit more complete merchandising of our lines by the department stores , and to differentiate the presentation of our products . as of march 29 , 2014 , we had approximately 22000 shop-within-shops in our primary channels of distribution dedicated to our ralph lauren-branded wholesale products worldwide . the size of our shop-within-shops ranges from approximately 100 to 9200 square feet . shop-within-shop fixed assets primarily include items such as customized freestanding fixtures , wall cases .
Question: w h a t p e r c e n t a g e o f d o o r s i n t h e w h o l e s a l e s e g m e n t a s o f m a r c h 2 9 , 2 0 1 4 w h e r e i n t h e a m e r i c a s ? | 286 |
12.9% | Given the context, answer the question.
Context: note 10 . commitments and contingencies credit-related commitments and contingencies : credit-related financial instruments , which are off-balance sheet , include indemnified securities financing , unfunded commitments to extend credit or purchase assets , and standby letters of credit . the potential loss associated with indemnified securities financing , unfunded commitments and standby letters of credit is equal to the total gross contractual amount , which does not consider the value of any collateral . the following table summarizes the total gross contractual amounts of credit-related off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to independent third parties. .
( in millions ) | 2009 | 2008 indemnified securities financing | $ 365251 | $ 324590 asset purchase agreements ( 1 ) | 8211 | 31780 unfunded commitments to extend credit | 18078 | 20981 standby letters of credit | 4784 | 6061
( 1 ) amount for 2009 excludes agreements related to the commercial paper conduits , which were consolidated in may 2009 ; see note 11 . approximately 81% ( 81 % ) of the unfunded commitments to extend credit expire within one year from the date of issue . since many of these commitments are expected to expire or renew without being drawn upon , the total commitment amount does not necessarily represent future cash requirements . securities finance : on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . we generally indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . in this regard , we held , as agent , cash and u.s . government securities with an aggregate fair value of $ 375.92 billion and $ 333.07 billion as collateral for indemnified securities on loan at december 31 , 2009 and 2008 , respectively , presented in the table above . the collateral held by us is invested on behalf of our customers in accordance with their guidelines . in certain cases , the collateral is invested in third-party repurchase agreements , for which we indemnify the customer against loss of the principal invested . we require the repurchase agreement counterparty to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . the indemnified repurchase agreements and the related collateral are not recorded in our consolidated statement of condition . of the collateral of $ 375.92 billion at december 31 , 2009 and $ 333.07 billion at december 31 , 2008 referenced above , $ 77.73 billion at december 31 , 2009 and $ 68.37 billion at december 31 , 2008 was invested in indemnified repurchase agreements . we held , as agent , cash and securities with an aggregate fair value of $ 82.62 billion and $ 71.87 billion as collateral for indemnified investments in repurchase agreements at december 31 , 2009 and december 31 , 2008 , respectively . legal proceedings : in the ordinary course of business , we and our subsidiaries are involved in disputes , litigation and regulatory inquiries and investigations , both pending and threatened . these matters , if resolved adversely against us , may result in monetary damages , fines and penalties or require changes in our business practices . the resolution of these proceedings is inherently difficult to predict . however , we do not believe that the amount of any judgment , settlement or other action arising from any pending proceeding will have a material adverse effect on our consolidated financial condition , although the outcome of certain of the matters described below may have a material adverse effect on our consolidated results of operations for the period in which such matter is resolved .
Question: w h a t i s t h e p e r c e n t c h a n g e i n t h e a m o u n t k e p t a s c o l l a t e r a l b e t w e e n 2 0 0 8 a n d 2 0 0 9 ? | 287 |
1.23 | Given the context, answer the question.
Context: shares of citigroup common stock . the number of shares to be delivered will equal the cse award value divided by the then fair market value of the common stock . for cses awarded to certain employees whose compensation structure was approved by the special master , 50% ( 50 % ) of the shares to be delivered in april 2010 will be subject to restrictions on sale and transfer until january 20 , 2011 . in lieu of 2010 cap awards , certain retirement-eligible employees were instead awarded cses payable in april 2010 , but any shares that are to be delivered in april 2010 ( subject to stockholder approval ) will be subject to restrictions on sale or transfer that will lapse in four equal annual installments beginning january 20 , 2011 . cse awards have generally been accrued as compensation expenses in the year 2009 and will be recorded as a liability from the january 2010 grant date until the settlement date in april 2010 . if stockholders approve delivery of citigroup stock for the cse awards , cse awards will likely be paid as new issues of common stock as an exception to the company 2019s practice of delivering shares from treasury stock , and the recorded liability will be reclassified as equity at that time . in january 2009 , members of the management executive committee ( except the ceo and cfo ) received 30% ( 30 % ) of their incentive awards for 2008 as performance vesting-equity awards . these awards vest 50% ( 50 % ) if the price of citigroup common stock meets a price target of $ 10.61 , and 50% ( 50 % ) for a price target of $ 17.85 , in each case on or prior to january 14 , 2013 . the price target will be met only if the nyse closing price equals or exceeds the applicable price target for at least 20 nyse trading days within any period of 30 consecutive nyse trading days ending on or before january 14 , 2013 . any shares that have not vested by such date will vest according to a fraction , the numerator of which is the share price on the delivery date and the denominator of which is the price target of the unvested shares . no dividend equivalents are paid on unvested awards . fair value of the awards is recognized as compensation expense ratably over the vesting period . on july 17 , 2007 , the committee approved the management committee long-term incentive plan ( mc ltip ) ( pursuant to the terms of the shareholder-approved 1999 stock incentive plan ) under which participants received an equity award that could be earned based on citigroup 2019s performance against various metrics relative to peer companies and publicly- stated return on equity ( roe ) targets measured at the end of each calendar year beginning with 2007 . the final expense for each of the three consecutive calendar years was adjusted based on the results of the roe tests . no awards were earned for 2009 , 2008 or 2007 and no shares were issued because performance targets were not met . no new awards were made under the mc ltip since the initial award in july 2007 . cap participants in 2008 , 2007 , 2006 and 2005 , and fa cap participants in those years and in 2009 , could elect to receive all or part of their award in stock options . the figures presented in the stock option program tables ( see 201cstock option programs 201d below ) include options granted in lieu of cap and fa cap stock awards in those years . a summary of the status of citigroup 2019s unvested stock awards at december 31 , 2009 and changes during the 12 months ended december 31 , 2009 are presented below : unvested stock awards shares weighted-average grant date fair value .
unvested stock awards | shares | weighted-average grant date fair value unvested at january 1 2009 | 226210859 | $ 36.23 new awards | 162193923 | $ 4.35 cancelled awards | -51873773 ( 51873773 ) | $ 26.59 deleted awards | -568377 ( 568377 ) | $ 13.91 vested awards ( 1 ) | -148011884 ( 148011884 ) | $ 25.96 unvested at december 31 2009 | 187950748 | $ 19.53
( 1 ) the weighted-average market value of the vestings during 2009 was approximately $ 3.64 per share . at december 31 , 2009 , there was $ 1.6 billion of total unrecognized compensation cost related to unvested stock awards net of the forfeiture provision . that cost is expected to be recognized over a weighted-average period of 1.3 years. .
Question: a t d e c e m b e r 2 0 0 9 w h a t w a s t h e a n n u a l a n t i c i p a t e d u n r e c o g n i z e d c o m p e n s a t i o n c o s t r e l a t e d t o u n v e s t e d s t o c k a w a r d s t o b e r e c o g n i z e d i n b i l l i o n s | 288 |
63.4% | Given the context, answer the question.
Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) net cash used in investing activities during 2012 primarily related to payments for capital expenditures and acquisitions , partially offset by the net proceeds of $ 94.8 received from the sale of our remaining holdings in facebook . capital expenditures of $ 169.2 primarily related to computer hardware and software , and leasehold improvements . capital expenditures increased in 2012 compared to the prior year , primarily due to an increase in leasehold improvements made during the year . payments for acquisitions of $ 145.5 primarily related to payments for new acquisitions . financing activities net cash used in financing activities during 2013 primarily related to the purchase of long-term debt , the repurchase of our common stock , and payment of dividends . we redeemed all $ 600.0 in aggregate principal amount of our 10.00% ( 10.00 % ) notes . in addition , we repurchased 31.8 shares of our common stock for an aggregate cost of $ 481.8 , including fees , and made dividend payments of $ 126.0 on our common stock . net cash provided by financing activities during 2012 primarily reflected net proceeds from our debt transactions . we issued $ 300.0 in aggregate principal amount of 2.25% ( 2.25 % ) senior notes due 2017 ( the 201c2.25% ( 201c2.25 % ) notes 201d ) , $ 500.0 in aggregate principal amount of 3.75% ( 3.75 % ) senior notes due 2023 ( the 201c3.75% ( 201c3.75 % ) notes 201d ) and $ 250.0 in aggregate principal amount of 4.00% ( 4.00 % ) senior notes due 2022 ( the 201c4.00% ( 201c4.00 % ) notes 201d ) . the proceeds from the issuance of the 4.00% ( 4.00 % ) notes were applied towards the repurchase and redemption of $ 399.6 in aggregate principal amount of our 4.25% ( 4.25 % ) notes . offsetting the net proceeds from our debt transactions was the repurchase of 32.7 shares of our common stock for an aggregate cost of $ 350.5 , including fees , and dividend payments of $ 103.4 on our common stock . foreign exchange rate changes the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 94.1 in 2013 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , japanese yen , canadian dollar and south african rand as of december 31 , 2013 compared to december 31 , 2012 . the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 6.2 in 2012 . the decrease was a result of the u.s . dollar being stronger than several foreign currencies , including the brazilian real and south african rand , offset by the u.s . dollar being weaker than other foreign currencies , including the australian dollar , british pound and the euro , as of as of december 31 , 2012 compared to december 31 , 2011. .
balance sheet data | december 31 , 2013 | december 31 , 2012 cash cash equivalents and marketable securities | $ 1642.1 | $ 2590.8 short-term borrowings | $ 179.1 | $ 172.1 current portion of long-term debt | 353.6 | 216.6 long-term debt | 1129.8 | 2060.8 total debt | $ 1662.5 | $ 2449.5
liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends. .
Question: w h a t p e r c e n t a g e h a s l i q u i d i t y d r o p p e d f r o m 2 0 1 2 t o 2 0 1 3 ? | 289 |
27.2% | Given the context, answer the question.
Context: cash flows from operations .
in millions | fiscal year 2018 | fiscal year 2017 | fiscal year 2016 net earnings including earnings attributable to redeemable and noncontrollinginterests | $ 2163.0 | $ 1701.1 | $ 1736.8 depreciation and amortization | 618.8 | 603.6 | 608.1 after-taxearnings from joint ventures | -84.7 ( 84.7 ) | -85.0 ( 85.0 ) | -88.4 ( 88.4 ) distributions of earnings from joint ventures | 113.2 | 75.6 | 75.1 stock-based compensation | 77.0 | 95.7 | 89.8 deferred income taxes | -504.3 ( 504.3 ) | 183.9 | 120.6 pension and other postretirement benefit plan contributions | -31.8 ( 31.8 ) | -45.4 ( 45.4 ) | -47.8 ( 47.8 ) pension and other postretirement benefit plan costs | 4.6 | 35.7 | 118.1 divestitures loss ( gain ) | - | 13.5 | -148.2 ( 148.2 ) restructuring impairment and other exit costs | 126.0 | 117.0 | 107.2 changes in current assets and liabilities excluding the effects of acquisitions anddivestitures | 542.1 | -194.2 ( 194.2 ) | 298.5 other net | -182.9 ( 182.9 ) | -86.3 ( 86.3 ) | -105.6 ( 105.6 ) net cash provided by operating activities | $ 2841.0 | $ 2415.2 | $ 2764.2
in fiscal 2018 , cash provided by operations was $ 2.8 billion compared to $ 2.4 billion in fiscal 2017 . the $ 426 million increase was primarily driven by the $ 462 million increase in net earnings and the $ 736 million change in current assets and liabilities , partially offset by a $ 688 million change in deferred income taxes . the change in deferred income taxes was primarily related to the $ 638 million provisional benefit from revaluing our net u.s . deferred tax liabilities to reflect the new u.s . corporate tax rate as a result of the tcja . the $ 736 million change in current assets and liabilities was primarily due to changes in accounts payable of $ 476 million related to the extension of payment terms and timing of payments , and $ 264 million of changes in other current liabilities primarily driven by changes in income taxes payable , trade and advertising accruals , and incentive accruals . we strive to grow core working capital at or below the rate of growth in our net sales . for fiscal 2018 , core working capital decreased 27 percent , compared to a net sales increase of 1 percent . in fiscal 2017 , core working capital increased 9 percent , compared to a net sales decline of 6 percent , and in fiscal 2016 , core working capital decreased 41 percent , compared to net sales decline of 6 percent . in fiscal 2017 , our operations generated $ 2.4 billion of cash , compared to $ 2.8 billion in fiscal 2016 . the $ 349 million decrease was primarily driven by a $ 493 million change in current assets and liabilities . the $ 493 million change in current assets and liabilities was primarily due to changes in other current liabilities driven by changes in income taxes payable , a decrease in incentive accruals , and changes in trade and advertising accruals due to reduced spending . the change in current assets and liabilities was also impacted by the timing of accounts payable . additionally , we recorded a $ 14 million loss on a divestiture during fiscal 2017 , compared to a $ 148 million net gain on divestitures during fiscal 2016 , and classified the related cash flows as investing activities. .
Question: w h a t w a s p e r c e n t a g e c h a n g e i n n e t e a r n i n g s i n c l u d i n g e a r n i n g s a t t r i b u t a b l e t o r e d e e m a b l e a n d n o n c o n t r o l l i n g i n t e r e s t s f r o m 2 0 1 7 t o 2 0 1 8 | 290 |
48.2 | Given the context, answer the question.
Context: hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) its supply chain and improve manufacturing margins . the combination of the companies should also facilitate further manufacturing efficiencies and accelerate research and development of new detector products . aeg was a privately held group of companies headquartered in warstein , germany , with manufacturing operations in germany , china and the united states . the aggregate purchase price for aeg was approximately $ 31300 ( subject to adjustment ) consisting of eur $ 24100 in cash and 110 shares of hologic common stock valued at $ 5300 , and approximately $ 1900 for acquisition related fees and expenses . the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no . 99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination . these 110 shares were subject to contingent put options pursuant to which the holders had the option to resell the shares to the company during a period of one year following the completion of the acquisition if the closing price of the company 2019s stock falls and remains below a threshold price . the put options were never exercised and expired on may 2 , 2007 . the acquisition also provided for a one-year earn out of eur 1700 ( approximately $ 2000 usd ) which was payable in cash if aeg calendar year 2006 earnings , as defined , exceeded a pre-determined amount . aeg 2019s 2006 earnings did not exceed such pre-determined amounts and no payment was made . the components and allocation of the purchase price , consists of the following approximate amounts: .
net tangible assets acquired as of may 2 2006 | $ 24800 in-process research and development | 600 developed technology and know how | 1900 customer relationship | 800 trade name | 400 deferred income taxes | -3000 ( 3000 ) goodwill | 5800 estimated purchase price | $ 31300
the company implemented a plan to restructure certain of aeg 2019s historical activities . the company originally recorded a liability of approximately $ 2100 in accordance with eitf issue no . 95-3 , recognition of liabilities in connection with a purchase business combination , related to the termination of certain employees under this plan . upon completion of the plan in fiscal 2007 the company reduced this liability by approximately $ 241 with a corresponding reduction in goodwill . all amounts have been paid as of september 29 , 2007 . as part of the aeg acquisition the company acquired a minority interest in the equity securities of a private german company . the company estimated the fair value of these securities to be approximately $ 1400 in its original purchase price allocation . during the year ended september 29 , 2007 , the company sold these securities for proceeds of approximately $ 2150 . the difference of approximately $ 750 between the preliminary fair value estimate and proceeds upon sale has been recorded as a reduction of goodwill . the final purchase price allocations were completed within one year of the acquisition and the adjustments did not have a material impact on the company 2019s financial position or results of operations . there have been no other material changes to the purchase price allocation as disclosed in the company 2019s form 10-k for the year ended september 30 , 2006 . as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name , developed technology and know how and in-process research and development had separately identifiable values . the fair value of these intangible assets was determined through the application of the income approach . customer relationship represents aeg 2019s high dependency on a small number of large accounts . aeg markets its products through distributors as well as directly to its own customers . trade name represents aeg 2019s product names that the company intends to continue to use . developed technology and know how represents currently marketable .
Question: w h a t i s t h e f a i r v a l u e o f h o l o g i c c o m m o n s t o c k ? | 291 |
20% | Given the context, answer the question.
Context: facility continue to have a maturity date of october 2016 . in addition , the maturity date of the company's revolving credit facility was extended to october 2018 and the facility was increased to $ 900 million from $ 600 million . accordingly , the amended credit agreement consists of the term c-2 loan facility , the term c-3 loan facility and a $ 900 million revolving credit facility . net deferred financing costs are as follows : net deferred financing costs ( in $ millions ) .
| net deferred financing costs ( in $ millions ) as of december 31 2011 | 28 financing costs deferred ( 1 ) | 8 accelerated amortization due to refinancing activity ( 2 ) | -1 ( 1 ) amortization | -5 ( 5 ) as of december 31 2012 | 30 financing costs deferred ( 3 ) | 2 accelerated amortization due to refinancing activity | 2014 amortization | -5 ( 5 ) as of december 31 2013 | 27 financing costs deferred ( 4 ) | 10 accelerated amortization due to refinancing activity ( 5 ) | -5 ( 5 ) amortization | -5 ( 5 ) as of december 31 2014 | 27
____________________________ ( 1 ) relates to the issuance of the 4.625% ( 4.625 % ) notes . ( 2 ) relates to the $ 400 million prepayment of the term c loan facility with proceeds from the 4.625% ( 4.625 % ) notes . ( 3 ) relates to the september 2013 amendment to the celanese us existing senior secured credit facilities to reduce the interest rates payable in connection with certain borrowings thereby creating the term c-2 loan facility due 2016 . ( 4 ) includes $ 6 million related to the issuance of the 3.250% ( 3.250 % ) notes and $ 4 million related to the september 24 , 2014 amendment to the celanese us existing senior secured credit facilities . ( 5 ) includes $ 4 million related to the 6.625% ( 6.625 % ) notes redemption and $ 1 million related to the term c-2 loan facility conversion . as of december 31 , 2014 , the margin for borrowings under the term c-2 loan facility was 2.0% ( 2.0 % ) above the euro interbank offered rate ( "euribor" ) and the margin for borrowings under the term c-3 loan facility was 2.25% ( 2.25 % ) above libor ( for us dollars ) and 2.25% ( 2.25 % ) above euribor ( for euros ) , as applicable . as of december 31 , 2014 , the margin for borrowings under the revolving credit facility was 1.5% ( 1.5 % ) above libor . the margin for borrowings under the revolving credit facility is subject to increase or decrease in certain circumstances based on changes in the corporate credit ratings of celanese or celanese us . term loan borrowings under the amended credit agreement are subject to amortization at 1% ( 1 % ) of the initial principal amount per annum , payable quarterly . in addition , the company pays quarterly commitment fees on the unused portion of the revolving credit facility of 0.25% ( 0.25 % ) per annum . the amended credit agreement is guaranteed by celanese and certain domestic subsidiaries of celanese us and is secured by a lien on substantially all assets of celanese us and such guarantors , subject to certain agreed exceptions ( including for certain real property and certain shares of foreign subsidiaries ) , pursuant to the guarantee and collateral agreement , dated april 2 , as a condition to borrowing funds or requesting letters of credit be issued under the revolving credit facility , the company's first lien senior secured leverage ratio ( as calculated as of the last day of the most recent fiscal quarter for which financial statements have been delivered under the revolving facility ) cannot exceed the threshold as specified below . further , the company's first lien senior secured leverage ratio must be maintained at or below that threshold while any amounts are outstanding under the revolving credit facility. .
Question: h o w m u c h o f t h e 2 0 1 3 a m o r t i z a t i o n e x p e n s e i s d u e t o t h e t e r m c - 2 l o a n f a c i l i t y c o n v e r s i o n ? | 292 |
920 | Given the context, answer the question.
Context: we measure cash flow as net cash provided by operating activities reduced by expenditures for property additions . we use this non-gaap financial measure of cash flow to focus management and investors on the amount of cash available for debt repayment , dividend distributions , acquisition opportunities , and share repurchases . our cash flow metric is reconciled to the most comparable gaap measure , as follows: .
( dollars in millions ) | 2012 | 2011 | 2010 net cash provided by operating activities | $ 1758 | $ 1595 | $ 1008 additions to properties | -533 ( 533 ) | -594 ( 594 ) | -474 ( 474 ) cash flow | $ 1225 | $ 1001 | $ 534 year-over-year change | 22.4% ( 22.4 % ) | 87.5% ( 87.5 % ) |
year-over-year change 22.4 % ( % ) 87.5 % ( % ) year-over-year changes in cash flow ( as defined ) were driven by improved performance in working capital resulting from the benefit derived from the pringles acquisition , as well as changes in the level of capital expenditures during the three-year period . investing activities our net cash used in investing activities for 2012 amounted to $ 3245 million , an increase of $ 2658 million compared with 2011 primarily attributable to the $ 2668 acquisition of pringles in capital spending in 2012 included investments in our supply chain infrastructure , and to support capacity requirements in certain markets , including pringles . in addition , we continued the investment in our information technology infrastructure related to the reimplementation and upgrade of our sap platform . net cash used in investing activities of $ 587 million in 2011 increased by $ 122 million compared with 2010 , reflecting capital projects for our reimplementation and upgrade of our sap platform and investments in our supply chain . cash paid for additions to properties as a percentage of net sales has decreased to 3.8% ( 3.8 % ) in 2012 , from 4.5% ( 4.5 % ) in 2011 , which was an increase from 3.8% ( 3.8 % ) in financing activities in february 2013 , we issued $ 250 million of two-year floating-rate u.s . dollar notes , and $ 400 million of ten-year 2.75% ( 2.75 % ) u.s . dollar notes . the proceeds from these notes will be used for general corporate purposes , including , together with cash on hand , repayment of the $ 750 million aggregate principal amount of our 4.25% ( 4.25 % ) u.s . dollar notes due march 2013 . the floating-rate notes bear interest equal to three-month libor plus 23 basis points , subject to quarterly reset . the notes contain customary covenants that limit the ability of kellogg company and its restricted subsidiaries ( as defined ) to incur certain liens or enter into certain sale and lease-back transactions , as well as a change of control provision . our net cash provided by financing activities was $ 1317 for 2012 , compared to net cash used in financing activities of $ 957 and $ 439 for 2011 and 2010 , respectively . the increase in cash provided from financing activities in 2012 compared to 2011 and 2010 , was primarily due to the issuance of debt related to the acquisition of pringles . total debt was $ 7.9 billion at year-end 2012 and $ 6.0 billion at year-end 2011 . in march 2012 , we entered into interest rate swaps on our $ 500 million five-year 1.875% ( 1.875 % ) fixed rate u.s . dollar notes due 2016 , $ 500 million ten-year 4.15% ( 4.15 % ) fixed rate u.s . dollar notes due 2019 and $ 500 million of our $ 750 million seven-year 4.45% ( 4.45 % ) fixed rate u.s . dollar notes due 2016 . the interest rate swaps effectively converted these notes from their fixed rates to floating rate obligations through maturity . in may 2012 , we issued $ 350 million of three-year 1.125% ( 1.125 % ) u.s . dollar notes , $ 400 million of five-year 1.75% ( 1.75 % ) u.s . dollar notes and $ 700 million of ten-year 3.125% ( 3.125 % ) u.s . dollar notes , resulting in aggregate net proceeds after debt discount of $ 1.442 billion . the proceeds of these notes were used for general corporate purposes , including financing a portion of the acquisition of pringles . in may 2012 , we issued cdn . $ 300 million of two-year 2.10% ( 2.10 % ) fixed rate canadian dollar notes , using the proceeds from these notes for general corporate purposes , which included repayment of intercompany debt . this repayment resulted in cash available to be used for a portion of the acquisition of pringles . in december 2012 , we repaid $ 750 million five-year 5.125% ( 5.125 % ) u.s . dollar notes at maturity with commercial paper . in february 2011 , we entered into interest rate swaps on $ 200 million of our $ 750 million seven-year 4.45% ( 4.45 % ) fixed rate u.s . dollar notes due 2016 . the interest rate swaps effectively converted this portion of the notes from a fixed rate to a floating rate obligation through maturity . in april 2011 , we repaid $ 945 million ten-year 6.60% ( 6.60 % ) u.s . dollar notes at maturity with commercial paper . in may 2011 , we issued $ 400 million of seven-year 3.25% ( 3.25 % ) fixed rate u.s . dollar notes , using the proceeds of $ 397 million for general corporate purposes and repayment of commercial paper . during 2011 , we entered into interest rate swaps with notional amounts totaling $ 400 million , which effectively converted these notes from a fixed rate to a floating rate obligation through maturity . in november 2011 , we issued $ 500 million of five-year 1.875% ( 1.875 % ) fixed rate u . s . dollar notes , using the proceeds of $ 498 million for general corporate purposes and repayment of commercial paper . during 2012 , we entered into interest rate swaps which effectively converted these notes from a fixed rate to a floating rate obligation through maturity . in april 2010 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 2.5 billion during 2010 through 2012 . this three year authorization replaced previous share buyback programs which had authorized stock repurchases of up to $ 1.1 billion for 2010 and $ 650 million for 2009 . under this program , we repurchased approximately 1 million , 15 million and 21 million shares of common stock for $ 63 million , $ 793 million and $ 1.1 billion during 2012 , 2011 and 2010 , respectively . in december 2012 , our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $ 300 million during 2013 . we paid quarterly dividends to shareholders totaling $ 1.74 per share in 2012 , $ 1.67 per share in 2011 and $ 1.56 per share in 2010 . total cash paid for dividends increased by 3.0% ( 3.0 % ) in 2012 and 3.4% ( 3.4 % ) in 2011 . in march 2011 , we entered into an unsecured four- year credit agreement which allows us to borrow , on a revolving credit basis , up to $ 2.0 billion . our long-term debt agreements contain customary covenants that limit kellogg company and some of its subsidiaries from incurring certain liens or from entering into certain sale and lease-back transactions . some agreements also contain change in control provisions . however , they do not contain acceleration of maturity clauses that are dependent on credit ratings . a change in our credit ratings could limit our access to the u.s . short-term debt market and/or increase the cost of refinancing long-term debt in the future . however , even under these circumstances , we would continue to have access to our four-year credit agreement , which expires in march 2015 . this source of liquidity is unused and available on an unsecured basis , although we do not currently plan to use it . capital and credit markets , including commercial paper markets , continued to experience instability and disruption as the u.s . and global economies underwent a period of extreme uncertainty . throughout this period of uncertainty , we continued to have access to the u.s. , european , and canadian commercial paper markets . our commercial paper and term debt credit ratings were not affected by the changes in the credit environment . we monitor the financial strength of our third-party financial institutions , including those that hold our cash and cash equivalents as well as those who serve as counterparties to our credit facilities , our derivative financial instruments , and other arrangements . we are in compliance with all covenants as of december 29 , 2012 . we continue to believe that we will be able to meet our interest and principal repayment obligations and maintain our debt covenants for the foreseeable future , while still meeting our operational needs , including the pursuit of selected bolt-on acquisitions . this will be accomplished through our strong cash flow , our short- term borrowings , and our maintenance of credit facilities on a global basis. .
Question: w h a t w a s t h e a v e r a g e c a s h f l o w f r o m 2 0 1 0 t o 2 0 1 2 | 293 |
2.5% | Given the context, answer the question.
Context: o 2019 r e i l l y a u t o m o t i v e 2 0 0 6 a n n u a l r e p o r t p a g e 38 $ 11080000 , in the years ended december 31 , 2006 , 2005 and 2004 , respectively . the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 , was $ 7702000 and the weighted-average period of time over which this cost will be recognized is 3.3 years . employee stock purchase plan the company 2019s employee stock purchase plan permits all eligible employees to purchase shares of the company 2019s common stock at 85% ( 85 % ) of the fair market value . participants may authorize the company to withhold up to 5% ( 5 % ) of their annual salary to participate in the plan . the stock purchase plan authorizes up to 2600000 shares to be granted . during the year ended december 31 , 2006 , the company issued 165306 shares under the purchase plan at a weighted average price of $ 27.36 per share . during the year ended december 31 , 2005 , the company issued 161903 shares under the purchase plan at a weighted average price of $ 27.57 per share . during the year ended december 31 , 2004 , the company issued 187754 shares under the purchase plan at a weighted average price of $ 20.85 per share . sfas no . 123r requires compensation expense to be recognized based on the discount between the grant date fair value and the employee purchase price for shares sold to employees . during the year ended december 31 , 2006 , the company recorded $ 799000 of compensation cost related to employee share purchases and a corresponding income tax benefit of $ 295000 . at december 31 , 2006 , approximately 400000 shares were reserved for future issuance . other employee benefit plans the company sponsors a contributory profit sharing and savings plan that covers substantially all employees who are at least 21 years of age and have at least six months of service . the company has agreed to make matching contributions equal to 50% ( 50 % ) of the first 2% ( 2 % ) of each employee 2019s wages that are contributed and 25% ( 25 % ) of the next 4% ( 4 % ) of each employee 2019s wages that are contributed . the company also makes additional discretionary profit sharing contributions to the plan on an annual basis as determined by the board of directors . the company 2019s matching and profit sharing contributions under this plan are funded in the form of shares of the company 2019s common stock . a total of 4200000 shares of common stock have been authorized for issuance under this plan . during the year ended december 31 , 2006 , the company recorded $ 6429000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2372000 . during the year ended december 31 , 2005 , the company recorded $ 6606000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2444000 . during the year ended december 31 , 2004 , the company recorded $ 5278000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 1969000 . the compensation cost recorded in 2006 includes matching contributions made in 2006 and profit sharing contributions accrued in 2006 to be funded with issuance of shares of common stock in 2007 . the company issued 204000 shares in 2006 to fund profit sharing and matching contributions at an average grant date fair value of $ 34.34 . the company issued 210461 shares in 2005 to fund profit sharing and matching contributions at an average grant date fair value of $ 25.79 . the company issued 238828 shares in 2004 to fund profit sharing and matching contributions at an average grant date fair value of $ 19.36 . a portion of these shares related to profit sharing contributions accrued in prior periods . at december 31 , 2006 , approximately 1061000 shares were reserved for future issuance under this plan . the company has in effect a performance incentive plan for the company 2019s senior management under which the company awards shares of restricted stock that vest equally over a three-year period and are held in escrow until such vesting has occurred . shares are forfeited when an employee ceases employment . a total of 800000 shares of common stock have been authorized for issuance under this plan . shares awarded under this plan are valued based on the market price of the company 2019s common stock on the date of grant and compensation cost is recorded over the vesting period . the company recorded $ 416000 of compensation cost for this plan for the year ended december 31 , 2006 and recognized a corresponding income tax benefit of $ 154000 . the company recorded $ 289000 of compensation cost for this plan for the year ended december 31 , 2005 and recognized a corresponding income tax benefit of $ 107000 . the company recorded $ 248000 of compensation cost for this plan for the year ended december 31 , 2004 and recognized a corresponding income tax benefit of $ 93000 . the total fair value of shares vested ( at vest date ) for the years ended december 31 , 2006 , 2005 and 2004 were $ 503000 , $ 524000 and $ 335000 , respectively . the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 was $ 536000 . the company awarded 18698 shares under this plan in 2006 with an average grant date fair value of $ 33.12 . the company awarded 14986 shares under this plan in 2005 with an average grant date fair value of $ 25.41 . the company awarded 15834 shares under this plan in 2004 with an average grant date fair value of $ 19.05 . compensation cost for shares awarded in 2006 will be recognized over the three-year vesting period . changes in the company 2019s restricted stock for the year ended december 31 , 2006 were as follows : weighted- average grant date shares fair value .
| shares | weighted-average grant date fair value non-vested at december 31 2005 | 15052 | $ 22.68 granted during the period | 18698 | 33.12 vested during the period | -15685 ( 15685 ) | 26.49 forfeited during the period | -1774 ( 1774 ) | 27.94 non-vested at december 31 2006 | 16291 | $ 30.80
at december 31 , 2006 , approximately 659000 shares were reserved for future issuance under this plan . n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( cont inued ) .
Question: t h e n o n - v e s t e d r e s t r i c t e d s t o c k b a l a n c e a s i f d e c e m b e r 3 1 2 0 0 6 w a s w h a t p e r c e n t o f t h e t o t a l s h a r e s r e s e r v e d f o r f u t u r e i s s u a n c e u n d e r t h i s p l a n ? | 294 |
1.3 | Given the context, answer the question.
Context: e nt e r g y c o r p o r a t i o n a n d s u b s i d i a r i e s 2 0 0 7 n an increase of $ 16 million in fossil operating costs due to the purchase of the attala plant in january 2006 and the perryville plant coming online in july 2005 ; n an increase of $ 12 million related to storm reserves . this increase does not include costs associated with hurricanes katrina and rita ; and n an increase of $ 12 million due to a return to normal expense patterns in 2006 versus the deferral or capitalization of storm costs in 2005 . other operation and maintenance expenses increased for non- utility nuclear from $ 588 million in 2005 to $ 637 million in 2006 primarily due to the timing of refueling outages , increased benefit and insurance costs , and increased nrc fees . taxes other than income taxes taxes other than income taxes increased for the utility from $ 322 million in 2005 to $ 361 million in 2006 primarily due to an increase in city franchise taxes in arkansas due to a change in 2006 in the accounting for city franchise tax revenues as directed by the apsc . the change results in an increase in taxes other than income taxes with a corresponding increase in rider revenue , resulting in no effect on net income . also contributing to the increase was higher franchise tax expense at entergy gulf states , inc . as a result of higher gross revenues in 2006 and a customer refund in 2005 . other income other income increased for the utility from $ 111 million in 2005 to $ 156 million in 2006 primarily due to carrying charges recorded on storm restoration costs . other income increased for non-utility nuclear primarily due to miscellaneous income of $ 27 million ( $ 16.6 million net-of-tax ) resulting from a reduction in the decommissioning liability for a plant as a result of a revised decommissioning cost study and changes in assumptions regarding the timing of when decommissioning of a plant will begin . other income increased for parent & other primarily due to a gain related to its entergy-koch investment of approximately $ 55 million ( net-of-tax ) in the fourth quarter of 2006 . in 2004 , entergy-koch sold its energy trading and pipeline businesses to third parties . at that time , entergy received $ 862 million of the sales proceeds in the form of a cash distribution by entergy-koch . due to the november 2006 expiration of contingencies on the sale of entergy-koch 2019s trading business , and the corresponding release to entergy-koch of sales proceeds held in escrow , entergy received additional cash distributions of approximately $ 163 million during the fourth quarter of 2006 and recorded a gain of approximately $ 55 million ( net-of-tax ) . entergy expects future cash distributions upon liquidation of the partnership will be less than $ 35 million . interest charges interest charges increased for the utility and parent & other primarily due to additional borrowing to fund the significant storm restoration costs associated with hurricanes katrina and rita . discontinued operations in april 2006 , entergy sold the retail electric portion of the competitive retail services business operating in the electric reliability council of texas ( ercot ) region of texas , and now reports this portion of the business as a discontinued operation . earnings for 2005 were negatively affected by $ 44.8 million ( net-of-tax ) of discontinued operations due to the planned sale . this amount includes a net charge of $ 25.8 million ( net-of-tax ) related to the impairment reserve for the remaining net book value of the competitive retail services business 2019 information technology systems . results for 2006 include an $ 11.1 million gain ( net-of-tax ) on the sale of the retail electric portion of the competitive retail services business operating in the ercot region of texas . income taxes the effective income tax rates for 2006 and 2005 were 27.6% ( 27.6 % ) and 36.6% ( 36.6 % ) , respectively . the lower effective income tax rate in 2006 is primarily due to tax benefits , net of reserves , resulting from the tax capital loss recognized in connection with the liquidation of entergy power international holdings , entergy 2019s holding company for entergy-koch . also contributing to the lower rate for 2006 is an irs audit settlement that allowed entergy to release from its tax reserves all settled issues relating to 1996-1998 audit cycle . see note 3 to the financial statements for a reconciliation of the federal statutory rate of 35.0% ( 35.0 % ) to the effective income tax rates , and for additional discussion regarding income taxes . liquidity and capital resources this section discusses entergy 2019s capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement . capital structure entergy 2019s capitalization is balanced between equity and debt , as shown in the following table . the increase in the debt to capital percentage from 2006 to 2007 is primarily the result of additional borrowings under entergy corporation 2019s revolving credit facility , along with a decrease in shareholders 2019 equity primarily due to repurchases of common stock . this increase in the debt to capital percentage is in line with entergy 2019s financial and risk management aspirations . the decrease in the debt to capital percentage from 2005 to 2006 is the result of an increase in shareholders 2019 equity , primarily due to an increase in retained earnings , partially offset by repurchases of common stock. .
| 2007 | 2006 | 2005 net debt to net capital at the end of the year | 54.6% ( 54.6 % ) | 49.4% ( 49.4 % ) | 51.5% ( 51.5 % ) effect of subtracting cash from debt | 3.0% ( 3.0 % ) | 2.9% ( 2.9 % ) | 1.6% ( 1.6 % ) debt to capital at the end of the year | 57.6% ( 57.6 % ) | 52.3% ( 52.3 % ) | 53.1% ( 53.1 % )
net debt consists of debt less cash and cash equivalents . debt consists of notes payable , capital lease obligations , preferred stock with sinking fund , and long-term debt , including the currently maturing portion . capital consists of debt , shareholders 2019 equity , and preferred stock without sinking fund . net capital consists of capital less cash and cash equivalents . entergy uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating entergy 2019s financial condition . m an ag e ment 2019s f i n anc ial d i scuss ion an d an alys is co n t i n u e d .
Question: w h a t i s t h e c h a n g e i n p e r c e n t a g e p o i n t s i n c a s h - t o - d e b t r a t i o f r o m 2 0 0 5 t o 2 0 0 6 ? | 295 |
10.35% | Given the context, answer the question.
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2010 reconciliation of accumulated depreciation and amortization ( in thousands ) .
balance december 31 2007 | $ 756703 additions during period 2014depreciation and amortization expense | 101321 deductions during period 2014disposition and retirements of property | -11766 ( 11766 ) balance december 31 2008 | 846258 additions during period 2014depreciation and amortization expense | 103698 deductions during period 2014disposition and retirements of property | -11869 ( 11869 ) balance december 31 2009 | 938087 additions during period 2014depreciation and amortization expense | 108261 deductions during period 2014disposition and retirements of property | -11144 ( 11144 ) balance december 31 2010 | $ 1035204
.
Question: c o n s i d e r i n g t h e y e a r s 2 0 0 9 - 2 0 1 0 , w h a t i s t h e i n c r e a s e i n t h e f i n a l b a l a n c e ? | 296 |
50.0% | Given the context, answer the question.
Context: as of december a031 , 2017 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) .
| amount ( in thousands ) 2018 | $ 17188 2019 | 17188 2020 | 17188 2021 | 17188 2022 | 17188 years thereafter | 240625 total | 326565 less : amount representing interest | 292209 present value of net minimum lease payments | $ 34356
entergy corporation and subsidiaries notes to financial statements note 11 . a0 retirement , other postretirement benefits , and defined contribution plans a0 a0 ( entergy corporation , entergy arkansas , entergy louisiana , entergy mississippi , entergy new orleans , entergy texas , and system energy ) qualified pension plans entergy has eight qualified pension plans covering substantially all employees . the entergy corporation retirement plan for non-bargaining employees ( non-bargaining plan i ) , the entergy corporation retirement plan for bargaining employees ( bargaining plan i ) , the entergy corporation retirement plan ii for non-bargaining employees ( non-bargaining plan ii ) , the entergy corporation retirement plan ii for bargaining employees , the entergy corporation retirement plan iii , and the entergy corporation retirement plan iv for bargaining employees a0are non-contributory final average pay plans and provide pension benefits that are based on employees 2019 credited service and compensation during employment . effective as of the close of business on december 31 , 2016 , the entergy corporation retirement plan iv for non-bargaining employees ( non-bargaining plan iv ) was merged with and into non-bargaining plan ii . at the close of business on december 31 , 2016 , the liabilities for the accrued benefits and the assets attributable to such liabilities of all participants in non-bargaining plan iv were assumed by and transferred to non-bargaining plan ii . there was no loss of vesting or benefit options or reduction of accrued benefits to affected participants as a result of this plan merger . non-bargaining employees whose most recent date of hire is after june 30 , 2014 participate in the entergy corporation cash balance plan for non-bargaining employees ( non-bargaining cash balance plan ) . certain bargaining employees hired or rehired after june 30 , 2014 , or such later date provided for in their applicable collective bargaining agreements , participate in the entergy corporation cash balance plan for bargaining employees ( bargaining cash balance plan ) . the registrant subsidiaries participate in these four plans : non-bargaining plan i , bargaining plan i , non-bargaining cash balance plan , and bargaining cash balance plan . the assets of the six final average pay qualified pension plans are held in a master trust established by entergy , and the assets of the two cash balance pension plans are held in a second master trust established by entergy . a0 a0each pension plan has an undivided beneficial interest in each of the investment accounts in its respective master trust that is maintained by a trustee . a0 a0use of the master trusts permits the commingling of the trust assets of the pension plans of entergy corporation and its registrant subsidiaries for investment and administrative purposes . a0 a0although assets in the master trusts are commingled , the trustee maintains supporting records for the purpose of allocating the trust level equity in net earnings ( loss ) and the administrative expenses of the investment accounts in each trust to the various participating pension plans in that particular trust . a0 a0the fair value of the trusts 2019 assets is determined by the trustee and certain investment managers . a0 a0for each trust , the trustee calculates a daily earnings factor , including realized and .
Question: w h a t a r e t h e m i n i m u m l e a s e p a y m e n t s i n 2 0 2 2 a s a p e r c e n t a g e o f t h e p r e s e n t v a l u e o f n e t m i n i m u m l e a s e p a y m e n t s ? | 297 |
-3.4% | Given the context, answer the question.
Context: long-term product offerings include active and index strategies . our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile . we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction . in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index . index strategies include both our non-etf index products and ishares etfs . althoughmany clients use both active and index strategies , the application of these strategies may differ . for example , clients may use index products to gain exposure to a market or asset class . in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2014 equity aum of $ 2.451 trillion increased by $ 133.4 billion , or 6% ( 6 % ) , from the end of 2013 due to net new business of $ 52.4 billion and net market appreciation and foreign exchange movements of $ 81.0 billion . net inflows were driven by $ 59.6 billion and $ 17.7 billion into ishares and non-etf index accounts , respectively . index inflows were offset by active net outflows of $ 24.9 billion , with outflows of $ 18.0 billion and $ 6.9 billion from fundamental and scientific active equity products , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aummix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandemwith u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2014 at $ 1.394 trillion , increasing $ 151.5 billion , or 12% ( 12 % ) , from december 31 , 2013 . the increase in aum reflected $ 96.4 billion in net new business and $ 55.1 billion in net market appreciation and foreign exchange movements . in 2014 , net new business was diversified across fixed income offerings , with strong flows into our unconstrained , total return and high yield products . flagship funds in these product areas include our unconstrained strategic income opportunities and fixed income global opportunities funds , with net inflows of $ 13.3 billion and $ 4.2 billion , respectively ; our total return fund with net inflows of $ 2.1 billion ; and our high yield bond fund with net inflows of $ 2.1 billion . fixed income net inflows were positive across investment styles , with ishares , non- etf index , and active net inflows of $ 40.0 billion , $ 28.7 billion and $ 27.7 billion , respectively . multi-asset class blackrock 2019s multi-asset class teammanages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . component changes in multi-asset class aum for 2014 are presented below . ( in millions ) december 31 , 2013 net inflows ( outflows ) market change fx impact december 31 , 2014 .
( in millions ) | december 31 2013 | net inflows ( outflows ) | market change | fx impact | december 31 2014 asset allocation and balanced | $ 169604 | $ 18387 | $ -827 ( 827 ) | $ -4132 ( 4132 ) | $ 183032 target date/risk | 111408 | 10992 | 7083 | -872 ( 872 ) | 128611 fiduciary | 60202 | -474 ( 474 ) | 14788 | -8322 ( 8322 ) | 66194 multi-asset | $ 341214 | $ 28905 | $ 21044 | $ -13326 ( 13326 ) | $ 377837
flows reflected ongoing institutional demand for our solutions-based advice with $ 15.1 billion , or 52% ( 52 % ) , of net inflows coming from institutional clients . defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 12.8 billion to institutional multi- asset class net new business in 2014 , primarily into target date and target risk product offerings . retail net inflows of $ 13.4 billion were driven by particular demand for our multi- asset income fund , which raised $ 6.3 billion in 2014 . the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 48% ( 48 % ) of multi-asset class aum at year-end , with growth in aum driven by net new business of $ 18.4 billion . these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget . in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions . flagship products in this category include our global allocation andmulti-asset income suites . 2022 target date and target risk products grew 10% ( 10 % ) organically in 2014 . institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum . the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments . flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings . lifepath products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing . 2022 fiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain blackrock to assume responsibility for some or all aspects of planmanagement . these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives. .
Question: w h a t p e r c e n t c h a n g e d i d t h e f x i m p a c t h a v e o n t h e 2 0 1 4 m u l t i a s s e t v a l u e ? | 298 |
34.7% | Given the context, answer the question.
Context: page 74 notes to five year summary ( a ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) . ( b ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) . also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) . these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) . ( c ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) . ( d ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) . in 2002 , the corporation adopted fas 142 which prohibits the amortization of goodwill . ( e ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 973 million , $ 651 million after tax ( $ 1.50 per share ) . also includes a gain from the disposal of a business and charges for the corporation 2019s exit from its global telecommunications services business which is included in discontinued operations and which , on a combined basis , increased the net loss by $ 1 billion ( $ 2.38 per share ) . ( f ) the corporation defines return on invested capital ( roic ) as net income plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back the minimum pension liability . the adjustment to add back the minimum pension liability is a revision to our calculation in 2005 , which the corporation believes more closely links roic to management performance . further , the corporation believes that reporting roic provides investors with greater visibility into how effectively lockheed martin uses the capital invested in its operations . the corporation uses roic to evaluate multi-year investment decisions and as a long-term performance measure , and also uses roic as a factor in evaluating management performance under certain incentive compensation plans . roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner . roic should not be considered in isola- tion or as an alternative to net earnings as an indicator of performance . the following calculations of roic reflect the revision to the calculation discussed above for all periods presented . ( in millions ) 2005 2004 2003 2002 2001 .
( in millions ) | 2005 | 2004 | 2003 | 2002 | 2001 net earnings | $ 1825 | $ 1266 | $ 1053 | $ 500 | $ -1046 ( 1046 ) interest expense ( multiplied by 65% ( 65 % ) ) 1 | 241 | 276 | 317 | 378 | 455 return | $ 2066 | $ 1542 | $ 1370 | $ 878 | $ -591 ( 591 ) average debt2 5 | $ 5077 | $ 5932 | $ 6612 | $ 7491 | $ 8782 average equity3 5 | 7590 | 7015 | 6170 | 6853 | 7221 average minimum pension liability3 4 5 | 1545 | 1296 | 1504 | 341 | 6 average invested capital | $ 14212 | $ 14243 | $ 14286 | $ 14685 | $ 16009 return on invested capital | 14.5% ( 14.5 % ) | 10.8% ( 10.8 % ) | 9.6% ( 9.6 % ) | 6.0% ( 6.0 % ) | ( 3.7 ) % ( % )
1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) . 2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) . 3 equity includes non-cash adjustments for other comprehensive losses , primarily for the additional minimum pension liability . 4 minimum pension liability values reflect the cumulative value of entries identified in our statement of stockholders equity under the caption 201cminimum pension liability . 201d the annual minimum pension liability adjustments to equity were : 2001 = ( $ 33 million ) ; 2002 = ( $ 1537 million ) ; 2003 = $ 331 million ; 2004 = ( $ 285 million ) ; 2005 = ( $ 105 million ) . as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the cur- rent year entry value . 5 yearly averages are calculated using balances at the start of the year and at the end of each quarter . lockheed martin corporation .
Question: w h a t w a s t h e p e r c e n t a g e o f t h e t a x e s b a s e d o n t h e b a s e d o n t h e e a r n i n g s f r o m c o n t i n u i n g o p e r a t i o n s b e f o r e a n d a f t e r t a x i n t h e m d & a | 299 |
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