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Context:
**Pre_Text**:
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 .
**Table**:
+------+---------+--------------------+--------------------+-------------------+
| year | gallons | average priceper | aircraft | percent of |
| | | gallon | fuelexpense | totaloperating |
| | | | | expenses |
+======+=========+====================+====================+===================+
| 2018 | 4447 | $ 2.23 | $ 9896 | 23.6% ( 23.6 % ) |
+------+---------+--------------------+--------------------+-------------------+
| 2017 | 4352 | 1.730 | 7510 | 19.6% ( 19.6 % ) |
+------+---------+--------------------+--------------------+-------------------+
| 2016 | 4347 | 1.420 | 6180 | 17.6% ( 17.6 % ) |
+------+---------+--------------------+--------------------+-------------------+
**Post_Text**:
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: what was the total operating expenses in 2018 in millions
Answer: 41932
|
Context:
**Pre_Text**:
the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable . our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures . the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 . the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 . the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 . we agreed to make payments to nvidia over six years . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable . the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates . note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 .
**Table**:
+----------------------------------------+------------+------------+
| ( in millions ) | dec 282013 | dec 292012 |
+========================================+============+============+
| available-for-sale investments | $ 18086 | $ 14001 |
+----------------------------------------+------------+------------+
| cash | 854 | 593 |
+----------------------------------------+------------+------------+
| equity method investments | 1038 | 992 |
+----------------------------------------+------------+------------+
| loans receivable | 1072 | 979 |
+----------------------------------------+------------+------------+
| non-marketable cost method investments | 1270 | 1202 |
+----------------------------------------+------------+------------+
| reverse repurchase agreements | 800 | 2850 |
+----------------------------------------+------------+------------+
| trading assets | 8441 | 5685 |
+----------------------------------------+------------+------------+
| total cash and investments | $ 31561 | $ 26302 |
+----------------------------------------+------------+------------+
**Post_Text**:
in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment . in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income . proceeds received and gains recognized for each investment are included in the "available-for-sale investments" and "equity method investments" sections that follow . table of contents intel corporation notes to consolidated financial statements ( continued ) .
Question: what percentage of total cash and investments as of dec . 29 2012 was comprised of available-for-sale investments?
Answer: 53%
|
Context:
**Pre_Text**:
entergy louisiana , llc 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 ) .
**Table**:
+--------------------------+------------------------+
| | amount ( in millions ) |
+==========================+========================+
| 2007 net revenue | $ 991.1 |
+--------------------------+------------------------+
| retail electric price | -17.1 ( 17.1 ) |
+--------------------------+------------------------+
| purchased power capacity | -12.0 ( 12.0 ) |
+--------------------------+------------------------+
| net wholesale revenue | -7.4 ( 7.4 ) |
+--------------------------+------------------------+
| other | 4.600 |
+--------------------------+------------------------+
| 2008 net revenue | $ 959.2 |
+--------------------------+------------------------+
**Post_Text**:
the retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 . refer to "hurricane rita and hurricane katrina" and "state and local rate regulation" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing . the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 . purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges . see "state and local rate regulation" below for a discussion of the formula rate plan filing . the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales . gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage . the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. .
Question: what is the growth rate in net revenue in 2008?
Answer: -3.2%
|
Context:
**Pre_Text**:
the significant changes from december 31 , 2008 to december 31 , 2009 in level 3 assets and liabilities are due to : a net decrease in trading securities of $ 10.8 billion that was driven by : 2022 net transfers of $ 6.5 billion , due mainly to the transfer of debt 2013 securities from level 3 to level 2 due to increased liquidity and pricing transparency ; and net settlements of $ 5.8 billion , due primarily to the liquidations of 2013 subprime securities of $ 4.1 billion . the change in net trading derivatives driven by : 2022 a net loss of $ 4.9 billion relating to complex derivative contracts , 2013 such as those linked to credit , equity and commodity exposures . these losses include both realized and unrealized losses during 2009 and are partially offset by gains recognized in instruments that have been classified in levels 1 and 2 ; and net increase in derivative assets of $ 4.3 billion , which includes cash 2013 settlements of derivative contracts in an unrealized loss position , notably those linked to subprime exposures . the decrease in level 3 investments of $ 6.9 billion primarily 2022 resulted from : a reduction of $ 5.0 billion , due mainly to paydowns on debt 2013 securities and sales of private equity investments ; the net transfer of investment securities from level 3 to level 2 2013 of $ 1.5 billion , due to increased availability of observable pricing inputs ; and net losses recognized of $ 0.4 billion due mainly to losses on non- 2013 marketable equity securities including write-downs on private equity investments . the decrease in securities sold under agreements to repurchase of 2022 $ 9.1 billion is driven by a $ 8.6 billion net transfers from level 3 to level 2 as effective maturity dates on structured repos have shortened . the decrease in long-term debt of $ 1.5 billion is driven mainly by 2022 $ 1.3 billion of net terminations of structured notes . transfers between level 1 and level 2 of the fair value hierarchy the company did not have any significant transfers of assets or liabilities between levels 1 and 2 of the fair value hierarchy during 2010 . items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above . these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment . in addition , these assets include loans held-for-sale that are measured at locom that were recognized at fair value below cost at the end of the period . the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices . such loans are generally classified as level 2 of the fair value hierarchy given the level of activity in the market and the frequency of available quotes . if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan . the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2010 and 2009 : in billions of dollars aggregate cost fair value level 2 level 3 .
**Table**:
+------------------------+----------------+------------+---------+---------+
| in billions of dollars | aggregate cost | fair value | level 2 | level 3 |
+========================+================+============+=========+=========+
| december 31 2010 | $ 3.1 | $ 2.5 | $ 0.7 | $ 1.8 |
+------------------------+----------------+------------+---------+---------+
| december 31 2009 | $ 2.5 | $ 1.6 | $ 0.3 | $ 1.3 |
+------------------------+----------------+------------+---------+---------+
Question: what was the growth rate of the loans held-for-sale that are carried at locom from 2009 to 2010
Answer: 56.25%
|
Context:
**Pre_Text**:
american tower corporation and subsidiaries notes to consolidated financial statements ( 3 ) consists of customer-related intangibles of approximately $ 75.0 million and network location intangibles of approximately $ 72.7 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 4 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . on september 12 , 2012 , the company entered into a definitive agreement to purchase up to approximately 348 additional communications sites from telef f3nica mexico . on september 27 , 2012 and december 14 , 2012 , the company completed the purchase of 279 and 2 communications sites , for an aggregate purchase price of $ 63.5 million ( including value added tax of $ 8.8 million ) . the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation .
**Table**:
+-----------------------------------+---------------------------------------+
| | preliminary purchase price allocation |
+===================================+=======================================+
| current assets | $ 8763 |
+-----------------------------------+---------------------------------------+
| non-current assets | 2332 |
+-----------------------------------+---------------------------------------+
| property and equipment | 26711 |
+-----------------------------------+---------------------------------------+
| intangible assets ( 1 ) | 21079 |
+-----------------------------------+---------------------------------------+
| other non-current liabilities | -1349 ( 1349 ) |
+-----------------------------------+---------------------------------------+
| fair value of net assets acquired | $ 57536 |
+-----------------------------------+---------------------------------------+
| goodwill ( 2 ) | 5998 |
+-----------------------------------+---------------------------------------+
**Post_Text**:
( 1 ) consists of customer-related intangibles of approximately $ 10.7 million and network location intangibles of approximately $ 10.4 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . on november 16 , 2012 , the company entered into an agreement to purchase up to 198 additional communications sites from telef f3nica mexico . on december 14 , 2012 , the company completed the purchase of 188 communications sites , for an aggregate purchase price of $ 64.2 million ( including value added tax of $ 8.9 million ) . .
Question: for acquired customer-related and network location intangibles , what is the expected annual amortization expenses , in millions?
Answer: 7.4
|
Context:
**Pre_Text**:
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 ) .
**Table**:
+----------------------------------+------------------------+
| | amount ( in millions ) |
+==================================+========================+
| 2007 net revenue | $ 442.3 |
+----------------------------------+------------------------+
| volume/weather | -4.6 ( 4.6 ) |
+----------------------------------+------------------------+
| reserve equalization | -3.3 ( 3.3 ) |
+----------------------------------+------------------------+
| securitization transition charge | 9.100 |
+----------------------------------+------------------------+
| fuel recovery | 7.500 |
+----------------------------------+------------------------+
| other | -10.1 ( 10.1 ) |
+----------------------------------+------------------------+
| 2008 net revenue | $ 440.9 |
+----------------------------------+------------------------+
**Post_Text**:
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: what is the percent change in net revenue between 2007 and 2008?
Answer: 0.3%
|
Context:
**Pre_Text**:
while we have remediated the previously-identified material weakness in our internal control over financial reporting , we may identify other material weaknesses in the future . in november 2017 , we restated our consolidated financial statements for the quarters ended april 1 , 2017 and july 1 , 2017 in order to correctly classify cash receipts from the payments on sold receivables ( which are cash receipts on the underlying trade receivables that have already been securitized ) to cash provided by investing activities ( from cash provided by operating activities ) within our condensed consolidated statements of cash flows . in connection with these restatements , management identified a material weakness in our internal control over financial reporting related to the misapplication of accounting standards update 2016-15 . specifically , we did not maintain effective controls over the adoption of new accounting standards , including communication with the appropriate individuals in coming to our conclusions on the application of new accounting standards . as a result of this material weakness , our management concluded that we did not maintain effective internal control over financial reporting as of april 1 , 2017 and july 1 , 2017 . while we have remediated the material weakness and our management has determined that our disclosure controls and procedures were effective as of december 30 , 2017 , there can be no assurance that our controls will remain adequate . the effectiveness of our internal control over financial reporting is subject to various inherent limitations , including judgments used in decision-making , the nature and complexity of the transactions we undertake , assumptions about the likelihood of future events , the soundness of our systems , cost limitations , and other limitations . if other material weaknesses or significant deficiencies in our internal control are discovered or occur in the future or we otherwise must restate our financial statements , it could materially and adversely affect our business and results of operations or financial condition , restrict our ability to access the capital markets , require us to expend significant resources to correct the weaknesses or deficiencies , subject us to fines , penalties , investigations or judgments , harm our reputation , or otherwise cause a decline in investor confidence . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 30 , 2017 , we operated 83 manufacturing and processing facilities . we own 80 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 30 , 2017 was: .
**Table**:
+---------------+-------+--------+
| | owned | leased |
+===============+=======+========+
| united states | 41 | 1 |
+---------------+-------+--------+
| canada | 2 | 2014 |
+---------------+-------+--------+
| europe | 11 | 2014 |
+---------------+-------+--------+
| rest of world | 26 | 2 |
+---------------+-------+--------+
**Post_Text**:
we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . item 3 . legal proceedings . we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business . while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations . item 4 . mine safety disclosures . not applicable. .
Question: what percent of total facilities are leased?
Answer: 3.61%
|
Context:
**Pre_Text**:
the fair value of our grants receivable is determined using a discounted cash flow model , which discounts future cash flows using an appropriate yield curve . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets , as applicable . our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures . the fair value of our senior notes is determined using active market prices , and it is therefore classified as level 1 . the fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs , and it takes into consideration variables such as interest rate changes , comparable securities , subordination discount , and credit-rating changes , and it is therefore classified as level 2 . the nvidia corporation ( nvidia ) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with nvidia in january 2011 . we agreed to make payments to nvidia over six years . as of december 28 , 2013 , and december 29 , 2012 , the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities , as applicable . the fair value is determined using a discounted cash flow model , which discounts future cash flows using our incremental borrowing rates . note 5 : cash and investments cash and investments at the end of each period were as follows : ( in millions ) dec 28 , dec 29 .
**Table**:
+----------------------------------------+------------+------------+
| ( in millions ) | dec 282013 | dec 292012 |
+========================================+============+============+
| available-for-sale investments | $ 18086 | $ 14001 |
+----------------------------------------+------------+------------+
| cash | 854 | 593 |
+----------------------------------------+------------+------------+
| equity method investments | 1038 | 992 |
+----------------------------------------+------------+------------+
| loans receivable | 1072 | 979 |
+----------------------------------------+------------+------------+
| non-marketable cost method investments | 1270 | 1202 |
+----------------------------------------+------------+------------+
| reverse repurchase agreements | 800 | 2850 |
+----------------------------------------+------------+------------+
| trading assets | 8441 | 5685 |
+----------------------------------------+------------+------------+
| total cash and investments | $ 31561 | $ 26302 |
+----------------------------------------+------------+------------+
**Post_Text**:
in the third quarter of 2013 , we sold our shares in clearwire corporation , which had been accounted for as available-for-sale marketable equity securities , and our interest in clearwire communications , llc ( clearwire llc ) , which had been accounted for as an equity method investment . in total , we received proceeds of $ 470 million on these transactions and recognized a gain of $ 439 million , which is included in gains ( losses ) on equity investments , net on the consolidated statements of income . proceeds received and gains recognized for each investment are included in the "available-for-sale investments" and "equity method investments" sections that follow . table of contents intel corporation notes to consolidated financial statements ( continued ) .
Question: as part of the proceeds from the clear wire transactions what was the percent of the gain recognized included in the equity investments , net on the consolidated statements of income .
Answer: 93.4%
|
Context:
**Pre_Text**:
management 2019s discussion and analysis 144 jpmorgan chase & co./2010 annual report compared with $ 57 million for 2009 . decreases in cio and mort- gage banking var for 2010 were again driven by the decline in market volatility and position changes . the decline in mortgage banking var at december 31 , 2010 , reflects management 2019s deci- sion to reduce risk given market volatility at the time . the firm 2019s average ib and other var diversification benefit was $ 59 million or 37% ( 37 % ) of the sum for 2010 , compared with $ 82 million or 28% ( 28 % ) of the sum for 2009 . the firm experienced an increase in the diversification benefit in 2010 as positions changed and correla- tions decreased . in general , over the course of the year , var expo- sure can vary significantly as positions change , market volatility fluctuates and diversification benefits change . var back-testing the firm conducts daily back-testing of var against its market risk- related revenue , which is defined as the change in value of : princi- pal transactions revenue for ib and cio ( less private equity gains/losses and revenue from longer-term cio investments ) ; trading-related net interest income for ib , cio and mortgage bank- ing ; ib brokerage commissions , underwriting fees or other revenue ; revenue from syndicated lending facilities that the firm intends to distribute ; and mortgage fees and related income for the firm 2019s mortgage pipeline and warehouse loans , msrs , and all related hedges . daily firmwide market risk 2013related revenue excludes gains and losses from dva . the following histogram illustrates the daily market risk 2013related gains and losses for ib , cio and mortgage banking positions for 2010 . the chart shows that the firm posted market risk 2013related gains on 248 out of 261 days in this period , with 12 days exceeding $ 210 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence-level var ex- ceeded the actual loss on each of those days . during 2010 , losses were sustained on 13 days , none of which exceeded the var measure . daily ib and other market risk-related gains and losses ( 95% ( 95 % ) confidence-level var ) year ended december 31 , 2010 average daily revenue : $ 87 million $ in millions $ in millions daily ib and other var less market risk-related losses the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in december 31 , ( in millions ) jpmorgan chase 2019s credit spread .
**Table**:
+-----------------------------+------------------------------------------------+
| december 31 ( in millions ) | 1 basis point increase in jpmorgan chase 2019s |
| | credit spread |
+=============================+================================================+
| 2010 | $ 35 |
+-----------------------------+------------------------------------------------+
| 2009 | $ 39 |
+-----------------------------+------------------------------------------------+
Question: on what percent of trading days were there market gains above $ 210 million?
Answer: 4.6%
|
Context:
**Pre_Text**:
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . equity compensation plans 2019 information is incorporated by reference from part iii , item 12 , 201csecurity ownership of certain beneficial owners and management and related stockholder matters , 201d of this document , and should be considered an integral part of item 5 . at january 31 , 2016 , there were 84607 shareholders of record . 3m 2019s stock is listed on the new york stock exchange , inc . ( nyse ) , the chicago stock exchange , inc. , and the swx swiss exchange . cash dividends declared and paid totaled $ 1.025 per share for each of the second , third , and fourth quarters of 2015 . cash dividends declared in the fourth quarter of 2014 included a dividend paid in november 2014 of $ 0.855 per share and a dividend paid in march 2015 of $ 1.025 per share . cash dividends declared and paid totaled $ 0.855 per share for each of the second and third quarters of 2014 . cash dividends declared in the fourth quarter of 2013 include a dividend paid in march 2014 of $ 0.855 per share . stock price comparisons follow : stock price comparisons ( nyse composite transactions ) .
**Table**:
+-------------+-------------+-------------+------------+------------+----------+
| ( per share | first | second | third | fourth | total |
| amounts ) | quarter | quarter | quarter | quarter | |
+=============+=============+=============+============+============+==========+
| 2015 high | $ 170.50 | $ 167.70 | $ 157.94 | $ 160.09 | $ 170.50 |
+-------------+-------------+-------------+------------+------------+----------+
| 2015 low | 157.740 | 153.920 | 134 | 138.570 | 134 |
+-------------+-------------+-------------+------------+------------+----------+
| 2014 high | $ 139.29 | $ 145.53 | $ 147.87 | $ 168.16 | $ 168.16 |
+-------------+-------------+-------------+------------+------------+----------+
| 2014 low | 123.610 | 132.020 | 138.430 | 130.600 | 123.610 |
+-------------+-------------+-------------+------------+------------+----------+
**Post_Text**:
issuer purchases of equity securities repurchases of 3m common stock are made to support the company 2019s stock-based employee compensation plans and for other corporate purposes . in february 2014 , 3m 2019s board of directors authorized the repurchase of up to $ 12 billion of 3m 2019s outstanding common stock , with no pre-established end date . in february 2016 , 3m 2019s board of directors replaced the company 2019s february 2014 repurchase program with a new repurchase program . this new program authorizes the repurchase of up to $ 10 billion of 3m 2019s outstanding common stock , with no pre-established end date. .
Question: in february 2016 what was the percent reduction in the board of directors authorized the repurchase to the february 2014
Answer: 16.7%
|
Context:
**Pre_Text**:
2022 level and volatility of interest or capitalization rates or capital market conditions ; 2022 loss of hedge accounting treatment for interest rate swaps ; 2022 the continuation of the good credit of our interest rate swap providers ; 2022 price volatility , dislocations and liquidity disruptions in the financial markets and the resulting impact on financing ; 2022 the effect of any rating agency actions on the cost and availability of new debt financing ; 2022 significant decline in market value of real estate serving as collateral for mortgage obligations ; 2022 significant change in the mortgage financing market that would cause single-family housing , either as an owned or rental product , to become a more significant competitive product ; 2022 our ability to continue to satisfy complex rules in order to maintain our status as a reit for federal income tax purposes , the ability of the operating partnership to satisfy the rules to maintain its status as a partnership for federal income tax purposes , the ability of our taxable reit subsidiaries to maintain their status as such for federal income tax purposes , and our ability and the ability of our subsidiaries to operate effectively within the limitations imposed by these rules ; 2022 inability to attract and retain qualified personnel ; 2022 cyber liability or potential liability for breaches of our privacy or information security systems ; 2022 potential liability for environmental contamination ; 2022 adverse legislative or regulatory tax changes ; 2022 legal proceedings relating to various issues , which , among other things , could result in a class action lawsuit ; 2022 compliance costs associated with laws requiring access for disabled persons ; and 2022 other risks identified in this annual report on form 10-k including under the caption "item 1a . risk factors" and , from time to time , in other reports we file with the securities and exchange commission , or the sec , or in other documents that we publicly disseminate . new factors may also emerge from time to time that could have a material adverse effect on our business . except as required by law , we undertake no obligation to publicly update or revise forward-looking statements contained in this annual report on form 10-k to reflect events , circumstances or changes in expectations after the date on which this annual report on form 10-k is filed . item 1 . business . overview maa is a multifamily focused , self-administered and self-managed real estate investment trust , or reit . we own , operate , acquire and selectively develop apartment communities located in the southeast , southwest and mid-atlantic regions of the united states . as of december 31 , 2018 , we maintained full or partial ownership of apartment communities and commercial properties across 17 states and the district of columbia , summarized as follows: .
**Table**:
+----------------+-------------+----------------+
| multifamily | communities | units |
+================+=============+================+
| consolidated | 303 | 100595 |
+----------------+-------------+----------------+
| unconsolidated | 1 | 269 |
+----------------+-------------+----------------+
| total | 304 | 100864 |
+----------------+-------------+----------------+
| commercial | properties | sq . ft. ( 1 ) |
+----------------+-------------+----------------+
| consolidated | 4 | 260000 |
+----------------+-------------+----------------+
**Post_Text**:
( 1 ) excludes commercial space located at our multifamily apartment communities , which totals approximately 615000 square feet of gross leasable space . our business is conducted principally through the operating partnership . maa is the sole general partner of the operating partnership , holding 113844267 op units , comprising a 96.5% ( 96.5 % ) partnership interest in the operating partnership as of december 31 , 2018 . maa and maalp were formed in tennessee in 1993 . as of december 31 , 2018 , we had 2508 full- time employees and 44 part-time employees. .
Question: what is the percentage of consolidated communities among the total communities?
Answer: 99.67%
|
Context:
**Pre_Text**:
fidelity national information services , inc . and subsidiaries notes to consolidated financial statements - ( continued ) contingent consideration liabilities recorded in connection with business acquisitions must also be adjusted for changes in fair value until settled . see note 3 for discussion of the capital markets company bvba ( "capco" ) contingent consideration liability . ( d ) derivative financial instruments the company accounts for derivative financial instruments in accordance with financial accounting standards board accounting standards codification ( 201cfasb asc 201d ) topic 815 , derivatives and hedging . during 2016 , 2015 and 2014 , the company engaged in g hedging activities relating to its variable rate debt through the use of interest rate swaps . the company designates these interest rate swaps as cash flow hedges . the estimated fair values of the cash flow hedges are determined using level 2 type measurements . thh ey are recorded as an asset or liability of the company and are included in the accompanying consolidated balance sheets in prepaid expenses and other current assets , other non-current assets , accounts payable and accrued liabilities or other long-term liabilities , as appropriate , and as a component of accumulated other comprehensive earnings , net of deferred taxes . a portion of the amount included in accumulated other comprehensive earnings is recorded in interest expense as a yield adjustment as interest payments are made on then company 2019s term and revolving loans ( note 10 ) . the company 2019s existing cash flow hedge is highly effective and there was no impact on 2016 earnings due to hedge ineffectiveness . it is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes . as of december 31 , 2016 , we believe that our interest rate swap counterparty will be able to fulfill its obligations under our agreement . the company's foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in the company's results of operations and/or cash flows resulting from foreign exchange rate fluctuations . during 2016 and 2015 , the company entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans . as of december 31 , 2016 and 2015 , the notional amount of these derivatives was approximately $ 143 million and aa $ 81 million , respectively , and the fair value was nominal . these derivatives have not been designated as hedges for accounting purposes . we also use currency forward contracts to manage our exposure to fluctuations in costs caused by variations in indian rupee ( "inr" ) ii exchange rates . as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 7 million and the fair value was l less than $ 1 million , which is included in prepaid expenses and other current assets in the consolidated balance sheets . these inr forward contracts are designated as cash flow hedges . the fair value of these currency forward contracts is determined using currency uu exchange market rates , obtained from reliable , independent , third party banks , at the balance sheet date . the fair value of forward rr contracts is subject to changes in currency exchange rates . the company has no ineffectiveness related to its use of currency forward ff contracts in connection with inr cash flow hedges . in september 2015 , the company entered into treasury lock hedges with a total notional amount of $ 1.0 billion , reducing the risk of changes in the benchmark index component of the 10-year treasury yield . the company def signated these derivatives as cash flow hedges . on october 13 , 2015 , in conjunction with the pricing of the $ 4.5 billion senior notes , the companyr terminated these treasury lock contracts for a cash settlement payment of $ 16 million , which was recorded as a component of other comprehensive earnings and will be reclassified as an adjustment to interest expense over the ten years during which the related interest payments that were hedged will be recognized in income . ( e ) trade receivables a summary of trade receivables , net , as of december 31 , 2016 and 2015 is as follows ( in millions ) : .
**Table**:
+---------------------------------+------------+------------+
| | 2016 | 2015 |
+=================================+============+============+
| trade receivables 2014 billed | $ 1452 | $ 1546 |
+---------------------------------+------------+------------+
| trade receivables 2014 unbilled | 228 | 201 |
+---------------------------------+------------+------------+
| total trade receivables | 1680 | 1747 |
+---------------------------------+------------+------------+
| allowance for doubtful accounts | -41 ( 41 ) | -16 ( 16 ) |
+---------------------------------+------------+------------+
| total trade receivables net | $ 1639 | $ 1731 |
+---------------------------------+------------+------------+
Question: what is the percentage change in total trade receivables?
Answer: -3.8%
|
Context:
**Pre_Text**:
seasonality our business experiences seasonality that varies by product line . because more construction and do-it-yourself projects occur during the second and third calendar quarters of each year in the northern hemisphere , our security product sales , typically , are higher in those quarters than in the first and fourth calendar quarters . however , our interflex business typically experiences higher sales in the fourth calendar quarter due to project timing . revenue by quarter for the years ended december 31 , 2016 , 2015 and 2014 are as follows: .
**Table**:
+------+---------------+----------------+---------------+----------------+
| | first quarter | second quarter | third quarter | fourth quarter |
+======+===============+================+===============+================+
| 2016 | 22% ( 22 % ) | 26% ( 26 % ) | 26% ( 26 % ) | 26% ( 26 % ) |
+------+---------------+----------------+---------------+----------------+
| 2015 | 22% ( 22 % ) | 25% ( 25 % ) | 26% ( 26 % ) | 27% ( 27 % ) |
+------+---------------+----------------+---------------+----------------+
| 2014 | 22% ( 22 % ) | 25% ( 25 % ) | 26% ( 26 % ) | 27% ( 27 % ) |
+------+---------------+----------------+---------------+----------------+
**Post_Text**:
employees as of december 31 , 2016 , we had more than 9400 employees . environmental regulation we have a dedicated environmental program that is designed to reduce the utilization and generation of hazardous materials during the manufacturing process as well as to remediate identified environmental concerns . as to the latter , we are currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities . the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes . we are sometimes a party to environmental lawsuits and claims and have received notices of potential violations of environmental laws and regulations from the u.s . environmental protection agency ( the "epa" ) and similar state authorities . we have also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites . for all such sites , there are other prps and , in most instances , our involvement is minimal . in estimating our liability , we have assumed that we will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable . the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis . additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future . we incurred $ 23.3 million , $ 4.4 million , and $ 2.9 million of expenses during the years ended december 31 , 2016 , 2015 , and 2014 , respectively , for environmental remediation at sites presently or formerly owned or leased by us . as of december 31 , 2016 and 2015 , we have recorded reserves for environmental matters of $ 30.6 million and $ 15.2 million . of these amounts $ 9.6 million and $ 2.8 million , respectively , relate to remediation of sites previously disposed by us . given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain . available information we are required to file annual , quarterly , and current reports , proxy statements , and other documents with the u.s . securities and exchange commission ( "sec" ) . the public may read and copy any materials filed with the sec at the sec 2019s public reference room at 100 f street , n.e. , washington , d.c . 20549 . the public may obtain information on the operation of the public reference room by calling the sec at 1-800-sec-0330 . also , the sec maintains an internet website that contains reports , proxy and information statements , and other information regarding issuers that file electronically with the sec . the public can obtain any documents that are filed by us at http://www.sec.gov . in addition , this annual report on form 10-k , as well as future quarterly reports on form 10-q , current reports on form 8-k and any amendments to all of the foregoing reports , are made available free of charge on our internet website ( http://www.allegion.com ) as soon as reasonably practicable after such reports are electronically filed with or furnished to the sec . the contents of our website are not incorporated by reference in this report. .
Question: considering the year 2016 , what is the average revenue?
Answer: 25%
|
Context:
**Pre_Text**:
corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 .
**Table**:
+----------------------------------------+------------------+------------------+
| ( in millions ) | 2016 | 2015 |
+========================================+==================+==================+
| general and administrative expense | $ -80.9 ( 80.9 ) | $ -70.1 ( 70.1 ) |
+----------------------------------------+------------------+------------------+
| defined benefit plan income | 2.900 | 6.100 |
+----------------------------------------+------------------+------------------+
| defined benefit plan recognition of | -1.9 ( 1.9 ) | -2.5 ( 2.5 ) |
| actuarial losses | | |
+----------------------------------------+------------------+------------------+
| norcraft transaction costs ( a ) | 2014 | -15.1 ( 15.1 ) |
+----------------------------------------+------------------+------------------+
| total corporate expenses | $ -79.9 ( 79.9 ) | $ -81.6 ( 81.6 ) |
+----------------------------------------+------------------+------------------+
**Post_Text**:
( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans . at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year . remeasurements due to plan amendments and settlements may also occur in interim periods during the year . remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .
Question: in 2015 what was the ratio of the defined benefit plan income to defined benefit plan recognition of actuarial losses
Answer: 2.44
|
Context:
**Pre_Text**:
measurement point december 31 the priceline group nasdaq composite index s&p 500 rdg internet composite .
**Table**:
+---------------+---------------+---------------+--------------+---------------+
| measurement | the priceline | nasdaqcomposi | s&p 500index | rdg internetc |
| pointdecember | group inc . | te index | | omposite |
| 31 | | | | |
+===============+===============+===============+==============+===============+
| 2010 | 100 | 100 | 100 | 100 |
+---------------+---------------+---------------+--------------+---------------+
| 2011 | 117.060 | 100.530 | 102.110 | 102.110 |
+---------------+---------------+---------------+--------------+---------------+
| 2012 | 155.270 | 116.920 | 118.450 | 122.230 |
+---------------+---------------+---------------+--------------+---------------+
| 2013 | 290.930 | 166.190 | 156.820 | 199.420 |
+---------------+---------------+---------------+--------------+---------------+
| 2014 | 285.370 | 188.780 | 178.290 | 195.420 |
+---------------+---------------+---------------+--------------+---------------+
| 2015 | 319.100 | 199.950 | 180.750 | 267.250 |
+---------------+---------------+---------------+--------------+---------------+
Question: what was the percent of the growth of the the priceline group inc . from 2014 to 2015
Answer: 11.8%
|
Context:
**Pre_Text**:
shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index and the s&p financial index over a five-year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2007 at the closing price on the last trading day of 2007 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 80 of the standard & poor's 500 companies , representing 26 diversified financial services companies , 22 insurance companies , 17 real estate companies and 15 banking companies . comparison of five-year cumulative total shareholder return .
**Table**:
+--------------------------+-------+------+------+------+------+------+
| | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
+==========================+=======+======+======+======+======+======+
| state street corporation | $ 100 | $ 49 | $ 55 | $ 58 | $ 52 | $ 61 |
+--------------------------+-------+------+------+------+------+------+
| s&p 500 index | 100 | 63 | 80 | 92 | 94 | 109 |
+--------------------------+-------+------+------+------+------+------+
| s&p financial index | 100 | 45 | 52 | 59 | 49 | 63 |
+--------------------------+-------+------+------+------+------+------+
Question: what is the cumulative total shareholder return on state street's common stock in 2012 as a percentage of the average shareholder return on common stock in the s&p 500?
Answer: 56%
|
Context:
**Pre_Text**:
fidelity national information services , inc . and subsidiaries notes to consolidated financial statements - ( continued ) contingent consideration liabilities recorded in connection with business acquisitions must also be adjusted for changes in fair value until settled . see note 3 for discussion of the capital markets company bvba ( "capco" ) contingent consideration liability . ( d ) derivative financial instruments the company accounts for derivative financial instruments in accordance with financial accounting standards board accounting standards codification ( 201cfasb asc 201d ) topic 815 , derivatives and hedging . during 2016 , 2015 and 2014 , the company engaged in g hedging activities relating to its variable rate debt through the use of interest rate swaps . the company designates these interest rate swaps as cash flow hedges . the estimated fair values of the cash flow hedges are determined using level 2 type measurements . thh ey are recorded as an asset or liability of the company and are included in the accompanying consolidated balance sheets in prepaid expenses and other current assets , other non-current assets , accounts payable and accrued liabilities or other long-term liabilities , as appropriate , and as a component of accumulated other comprehensive earnings , net of deferred taxes . a portion of the amount included in accumulated other comprehensive earnings is recorded in interest expense as a yield adjustment as interest payments are made on then company 2019s term and revolving loans ( note 10 ) . the company 2019s existing cash flow hedge is highly effective and there was no impact on 2016 earnings due to hedge ineffectiveness . it is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes . as of december 31 , 2016 , we believe that our interest rate swap counterparty will be able to fulfill its obligations under our agreement . the company's foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in the company's results of operations and/or cash flows resulting from foreign exchange rate fluctuations . during 2016 and 2015 , the company entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans . as of december 31 , 2016 and 2015 , the notional amount of these derivatives was approximately $ 143 million and aa $ 81 million , respectively , and the fair value was nominal . these derivatives have not been designated as hedges for accounting purposes . we also use currency forward contracts to manage our exposure to fluctuations in costs caused by variations in indian rupee ( "inr" ) ii exchange rates . as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 7 million and the fair value was l less than $ 1 million , which is included in prepaid expenses and other current assets in the consolidated balance sheets . these inr forward contracts are designated as cash flow hedges . the fair value of these currency forward contracts is determined using currency uu exchange market rates , obtained from reliable , independent , third party banks , at the balance sheet date . the fair value of forward rr contracts is subject to changes in currency exchange rates . the company has no ineffectiveness related to its use of currency forward ff contracts in connection with inr cash flow hedges . in september 2015 , the company entered into treasury lock hedges with a total notional amount of $ 1.0 billion , reducing the risk of changes in the benchmark index component of the 10-year treasury yield . the company def signated these derivatives as cash flow hedges . on october 13 , 2015 , in conjunction with the pricing of the $ 4.5 billion senior notes , the companyr terminated these treasury lock contracts for a cash settlement payment of $ 16 million , which was recorded as a component of other comprehensive earnings and will be reclassified as an adjustment to interest expense over the ten years during which the related interest payments that were hedged will be recognized in income . ( e ) trade receivables a summary of trade receivables , net , as of december 31 , 2016 and 2015 is as follows ( in millions ) : .
**Table**:
+---------------------------------+------------+------------+
| | 2016 | 2015 |
+=================================+============+============+
| trade receivables 2014 billed | $ 1452 | $ 1546 |
+---------------------------------+------------+------------+
| trade receivables 2014 unbilled | 228 | 201 |
+---------------------------------+------------+------------+
| total trade receivables | 1680 | 1747 |
+---------------------------------+------------+------------+
| allowance for doubtful accounts | -41 ( 41 ) | -16 ( 16 ) |
+---------------------------------+------------+------------+
| total trade receivables net | $ 1639 | $ 1731 |
+---------------------------------+------------+------------+
Question: what was the percentage change in total trade receivables net from 2015 to 2016?
Answer: -5%
|
Context:
**Pre_Text**:
performance of the company 2019s obligations under the senior notes , including any repurchase obligations resulting from a change of control , is unconditionally guaranteed , jointly and severally , on an unsecured basis , by each of hii 2019s existing and future domestic restricted subsidiaries that guarantees debt under the credit facility ( the 201csubsidiary guarantors 201d ) . the guarantees rank equally with all other unsecured and unsubordinated indebtedness of the guarantors . the subsidiary guarantors are each directly or indirectly 100% ( 100 % ) owned by hii . there are no significant restrictions on the ability of hii or any subsidiary guarantor to obtain funds from their respective subsidiaries by dividend or loan . mississippi economic development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 83.7 million outstanding from the issuance of industrial revenue bonds issued by the mississippi business finance corporation . these bonds accrue interest at a fixed rate of 7.81% ( 7.81 % ) per annum ( payable semi-annually ) and mature in 2024 . while repayment of principal and interest is guaranteed by northrop grumman systems corporation , hii has agreed to indemnify northrop grumman systems corporation for any losses related to the guaranty . in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi . gulf opportunity zone industrial development revenue bonds 2014as of december 31 , 2011 and 2010 , the company had $ 21.6 million outstanding from the issuance of gulf opportunity zone industrial development revenue bonds ( 201cgo zone irbs 201d ) issued by the mississippi business finance corporation . the go zone irbs were initially issued in a principal amount of $ 200 million , and in november 2010 , in connection with the anticipated spin-off , hii purchased $ 178 million of the bonds using the proceeds from a $ 178 million intercompany loan from northrop grumman . see note 20 : related party transactions and former parent company equity . the remaining bonds accrue interest at a fixed rate of 4.55% ( 4.55 % ) per annum ( payable semi-annually ) , and mature in 2028 . in accordance with the terms of the bonds , the proceeds have been used to finance the construction , reconstruction , and renovation of the company 2019s interest in certain ship manufacturing and repair facilities , or portions thereof , located in the state of mississippi . the estimated fair value of the company 2019s total long-term debt , including current portions , at december 31 , 2011 and 2010 , was $ 1864 million and $ 128 million , respectively . the fair value of the total long-term debt was calculated based on recent trades for most of the company 2019s debt instruments or based on interest rates prevailing on debt with substantially similar risks , terms and maturities . the aggregate amounts of principal payments due on long-term debt for each of the next five years and thereafter are : ( $ in millions ) .
**Table**:
+----------------------+--------+
| 2012 | $ 29 |
+======================+========+
| 2013 | 50 |
+----------------------+--------+
| 2014 | 79 |
+----------------------+--------+
| 2015 | 108 |
+----------------------+--------+
| 2016 | 288 |
+----------------------+--------+
| thereafter | 1305 |
+----------------------+--------+
| total long-term debt | $ 1859 |
+----------------------+--------+
**Post_Text**:
14 . investigations , claims , and litigation the company is involved in legal proceedings before various courts and administrative agencies , and is periodically subject to government examinations , inquiries and investigations . pursuant to fasb accounting standard codification 450 contingencies , the company has accrued for losses associated with investigations , claims and litigation when , and to the extent that , loss amounts related to the investigations , claims and litigation are probable and can be reasonably estimated . the actual losses that might be incurred to resolve such investigations , claims and litigation may be higher or lower than the amounts accrued . for matters where a material loss is probable or reasonably possible and the amount of loss cannot be reasonably estimated , but the company is able to reasonably estimate a range of possible losses , such estimated range is required to be disclosed in these notes . this estimated range would be based on information currently available to the company and would involve elements of judgment and significant uncertainties . this estimated range of possible loss would not represent the company 2019s maximum possible loss exposure . for matters as to which the company is not able to reasonably estimate a possible loss or range of loss , the company is required to indicate the reasons why it is unable to estimate the possible loss or range of loss . for matters not specifically described in these notes , the company does not believe , based on information currently available to it , that it is reasonably possible that the liabilities , if any , arising from .
Question: what is the amount of interest payment incurred from the bonds issued by the mississippi business finance corporation?
Answer: 3.3
|
Context:
**Pre_Text**:
jpmorgan chase & co./2012 annual report 167 the chart shows that for year ended december 31 , 2012 , the firm posted market risk related gains on 220 of the 261 days in this period , with gains on eight days exceeding $ 200 million . the chart includes year to date losses incurred in the synthetic credit portfolio . cib and credit portfolio posted market risk-related gains on 254 days in the period . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which var exceeded the actual loss on each of those days . of the losses that were sustained on the 41 days of the 261 days in the trading period , the firm sustained losses that exceeded the var measure on three of those days . these losses in excess of the var all occurred in the second quarter of 2012 and were due to the adverse effect of market movements on risk positions in the synthetic credit portfolio held by cio . during the year ended december 31 , 2012 , cib and credit portfolio experienced seven loss days ; none of the losses on those days exceeded their respective var measures . other risk measures debit valuation adjustment sensitivity the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . however , the sensitivity at a single point in time multiplied by the change in credit spread at a single maturity point may not be representative of the actual dva gain or loss realized within a period . the actual results reflect the movement in credit spreads across various maturities , which typically do not move in a parallel fashion , and is the product of a constantly changing exposure profile , among other factors . debit valuation adjustment sensitivity ( in millions ) one basis-point increase in jpmorgan chase 2019s credit spread .
**Table**:
+------------------+-----------------------------------------------------------+
| ( in millions ) | one basis-point increase injpmorgan chase 2019s credit |
| | spread |
+==================+===========================================================+
| december 31 2012 | $ 34 |
+------------------+-----------------------------------------------------------+
| december 31 2011 | 35 |
+------------------+-----------------------------------------------------------+
**Post_Text**:
economic-value stress testing along with var , stress testing is important in measuring and controlling risk . while var reflects the risk of loss due to adverse changes in markets using recent historical market behavior as an indicator of losses , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets . the firm runs weekly stress tests on market-related risks across the lines of business using multiple scenarios that assume significant changes in risk factors such as credit spreads , equity prices , interest rates , currency rates or commodity prices . the framework uses a grid-based approach , which calculates multiple magnitudes of stress for both market rallies and market sell-offs for .
Question: how often did the firm post gains exceeding $ 200 million in 2012?\\n
Answer: 3.1%
|
Context:
**Pre_Text**:
icos corporation on january 29 , 2007 , we acquired all of the outstanding common stock of icos corporation ( icos ) , our partner in the lilly icos llc joint venture for the manufacture and sale of cialis for the treatment of erectile dysfunction . the acquisition brought the full value of cialis to us and enabled us to realize operational effi ciencies in the further development , marketing , and selling of this product . the aggregate cash purchase price of approximately $ 2.3 bil- lion was fi nanced through borrowings . the acquisition has been accounted for as a business combination under the purchase method of accounting , resulting in goodwill of $ 646.7 million . no portion of this goodwill was deductible for tax purposes . we determined the following estimated fair values for the assets acquired and liabilities assumed as of the date of acquisition . estimated fair value at january 29 , 2007 .
**Table**:
+----------------------------------------------+------------------+
| cash and short-term investments | $ 197.7 |
+==============================================+==================+
| developed product technology ( cialis ) 1 | 1659.900 |
+----------------------------------------------+------------------+
| tax benefit of net operating losses | 404.100 |
+----------------------------------------------+------------------+
| goodwill | 646.700 |
+----------------------------------------------+------------------+
| long-term debt assumed | -275.6 ( 275.6 ) |
+----------------------------------------------+------------------+
| deferred taxes | -583.5 ( 583.5 ) |
+----------------------------------------------+------------------+
| other assets and liabilities 2014 net | -32.1 ( 32.1 ) |
+----------------------------------------------+------------------+
| acquired in-process research and development | 303.500 |
+----------------------------------------------+------------------+
| total purchase price | $ 2320.7 |
+----------------------------------------------+------------------+
**Post_Text**:
1this intangible asset will be amortized over the remaining expected patent lives of cialis in each country ; patent expiry dates range from 2015 to 2017 . new indications for and formulations of the cialis compound in clinical testing at the time of the acquisition represented approximately 48 percent of the estimated fair value of the acquired ipr&d . the remaining value of acquired ipr&d represented several other products in development , with no one asset comprising a signifi cant por- tion of this value . the discount rate we used in valuing the acquired ipr&d projects was 20 percent , and the charge for acquired ipr&d of $ 303.5 million recorded in the fi rst quarter of 2007 was not deductible for tax purposes . other acquisitions during the second quarter of 2007 , we acquired all of the outstanding stock of both hypnion , inc . ( hypnion ) , a privately held neuroscience drug discovery company focused on sleep disorders , and ivy animal health , inc . ( ivy ) , a privately held applied research and pharmaceutical product development company focused on the animal health industry , for $ 445.0 million in cash . the acquisition of hypnion provided us with a broader and more substantive presence in the area of sleep disorder research and ownership of hy10275 , a novel phase ii compound with a dual mechanism of action aimed at promoting better sleep onset and sleep maintenance . this was hypnion 2019s only signifi cant asset . for this acquisi- tion , we recorded an acquired ipr&d charge of $ 291.1 million , which was not deductible for tax purposes . because hypnion was a development-stage company , the transaction was accounted for as an acquisition of assets rather than as a business combination and , therefore , goodwill was not recorded . the acquisition of ivy provides us with products that complement those of our animal health business . this acquisition has been accounted for as a business combination under the purchase method of accounting . we allocated $ 88.7 million of the purchase price to other identifi able intangible assets , primarily related to marketed products , $ 37.0 million to acquired ipr&d , and $ 25.0 million to goodwill . the other identifi able intangible assets are being amortized over their estimated remaining useful lives of 10 to 20 years . the $ 37.0 million allocated to acquired ipr&d was charged to expense in the second quarter of 2007 . goodwill resulting from this acquisition was fully allocated to the animal health business segment . the amount allocated to each of the intangible assets acquired , including goodwill of $ 25.0 million and the acquired ipr&d of $ 37.0 million , was deductible for tax purposes . product acquisitions in june 2008 , we entered into a licensing and development agreement with transpharma medical ltd . ( trans- pharma ) to acquire rights to its product and related drug delivery system for the treatment of osteoporosis . the product , which is administered transdermally using transpharma 2019s proprietary technology , was in phase ii clinical testing , and had no alternative future use . under the arrangement , we also gained non-exclusive access to trans- pharma 2019s viaderm drug delivery system for the product . as with many development-phase products , launch of the .
Question: at january 29 , 2007 what was the percent of the estimated fair value of the goodwill to the total purchase price
Answer: 27.9
|
Context:
**Pre_Text**:
jpmorgan chase & co./2018 form 10-k 41 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2013 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2013 2014 2015 2016 2017 2018 .
**Table**:
+------------+----------+----------+----------+----------+----------+----------+
| december | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| 31 ( in | | | | | | |
| dollars ) | | | | | | |
+============+==========+==========+==========+==========+==========+==========+
| jpmorgan | $ 100.00 | $ 109.88 | $ 119.07 | $ 160.23 | $ 203.07 | $ 189.57 |
| chase | | | | | | |
+------------+----------+----------+----------+----------+----------+----------+
| kbw bank | 100 | 109.360 | 109.900 | 141.230 | 167.490 | 137.820 |
| index | | | | | | |
+------------+----------+----------+----------+----------+----------+----------+
| s&p | 100 | 115.180 | 113.380 | 139.170 | 169.980 | 147.820 |
| financial | | | | | | |
| index | | | | | | |
+------------+----------+----------+----------+----------+----------+----------+
| s&p 500 | 100 | 113.680 | 115.240 | 129.020 | 157.170 | 150.270 |
| index | | | | | | |
+------------+----------+----------+----------+----------+----------+----------+
**Post_Text**:
december 31 , ( in dollars ) .
Question: did jpmorgan chase outperform the kbw bank index?
Answer: yes
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Context:
**Pre_Text**:
the company monitors the financial health and stability of its lenders under the revolving credit and long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . in july 2011 , in connection with the company 2019s acquisition of its corporate headquarters , the company assumed a $ 38.6 million nonrecourse loan secured by a mortgage on the acquired property . the acquisition of the company 2019s corporate headquarters was accounted for as a business combination , and the carrying value of the loan secured by the acquired property approximates fair value . the assumed loan had an original term of approximately ten years with a scheduled maturity date of march 1 , 2013 . the loan includes a balloon payment of $ 37.3 million due at maturity , and may not be prepaid . the assumed loan is nonrecourse with the lender 2019s remedies for non-performance limited to action against the acquired property and certain required reserves and a cash collateral account , except for nonrecourse carve outs related to fraud , breaches of certain representations , warranties or covenants , including those related to environmental matters , and other standard carve outs for a loan of this type . the loan requires certain minimum cash flows and financial results from the property , and if those requirements are not met , additional reserves may be required . the assumed loan requires prior approval of the lender for certain matters related to the property , including material leases , changes to property management , transfers of any part of the property and material alterations to the property . the loan has an interest rate of 6.73% ( 6.73 % ) . in connection with the assumed loan , the company incurred and capitalized $ 0.8 million in deferred financing costs . as of december 31 , 2011 , the outstanding balance on the loan was $ 38.2 million . in addition , in connection with the assumed loan for the acquisition of its corporate headquarters , the company was required to set aside amounts in reserve and cash collateral accounts . as of december 31 , 2011 , $ 2.0 million of restricted cash was included in prepaid expenses and other current assets , and the remaining $ 3.0 million of restricted cash was included in other long term assets . interest expense was $ 3.9 million , $ 2.3 million and $ 2.4 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively . interest expense includes the amortization of deferred financing costs and interest expense under the credit and long term debt facilities , as well as the assumed loan discussed above . 8 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its retail stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2023 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for factory house stores that the company did not yet occupy as of december 31 , 2011 and does not include contingent rent the company may incur at its retail stores based on future sales above a specified limit . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2011 : ( in thousands ) operating .
**Table**:
+-------------------------------------+-----------+
| ( in thousands ) | operating |
+=====================================+===========+
| 2012 | $ 22926 |
+-------------------------------------+-----------+
| 2013 | 23470 |
+-------------------------------------+-----------+
| 2014 | 26041 |
+-------------------------------------+-----------+
| 2015 | 24963 |
+-------------------------------------+-----------+
| 2016 | 18734 |
+-------------------------------------+-----------+
| 2017 and thereafter | 69044 |
+-------------------------------------+-----------+
| total future minimum lease payments | $ 185178 |
+-------------------------------------+-----------+
**Post_Text**:
included in selling , general and administrative expense was rent expense of $ 26.7 million , $ 21.3 million and $ 14.1 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively , under non-cancelable .
Question: what was the percentage increase in the rent expense from 2010 to 2011
Answer: 25.4%
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Context:
**Pre_Text**:
entergy corporation and subsidiaries notes to financial statements 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 corporation 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 received an apsc long-term financing order authorizing long-term securities issuances . the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through august 2010 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : maintain system energy's equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; permit the continued commercial operation of grand gulf ; pay in full all system energy indebtedness for borrowed money when due ; and enable system energy to make payments on specific system energy debt , under supplements to the agreement assigning system energy's rights in the agreement as security for the specific debt . entergy texas securitization bonds - hurricane rita in april 2007 , the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas' hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits . in june 2007 , entergy gulf states reconstruction funding i , llc , a company wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) , as follows : amount ( in thousands ) .
**Table**:
+---------------------------------------------------+-------------------------+
| | amount ( in thousands ) |
+===================================================+=========================+
| senior secured transition bonds series a: | |
+---------------------------------------------------+-------------------------+
| tranche a-1 ( 5.51% ( 5.51 % ) ) due october 2013 | $ 93500 |
+---------------------------------------------------+-------------------------+
| tranche a-2 ( 5.79% ( 5.79 % ) ) due october 2018 | 121600 |
+---------------------------------------------------+-------------------------+
| tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022 | 114400 |
+---------------------------------------------------+-------------------------+
| total senior secured transition bonds | $ 329500 |
+---------------------------------------------------+-------------------------+
Question: what portion of the securitization bonds issued by entergy gulf states reconstruction funding has a maturity date in 2022?
Answer: 34.7%
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Context:
**Pre_Text**:
advance auto parts , inc . and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 . inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 . under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years . the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth . accordingly , the cost to replace inventory is less than the lifo balances carried for similar product . as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 . the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method . core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor . additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods . the company capitalizes certain purchasing and warehousing costs into inventory . purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively . inventories consist of the following : december 30 , december 31 , 2006 2005 .
**Table**:
+----------------------------------------+------------------+------------------+
| | december 30 2006 | december 31 2005 |
+========================================+==================+==================+
| inventories at fifo net | $ 1380573 | $ 1294310 |
+----------------------------------------+------------------+------------------+
| adjustments to state inventories at | 82767 | 72789 |
| lifo | | |
+----------------------------------------+------------------+------------------+
| inventories at lifo net | $ 1463340 | $ 1367099 |
+----------------------------------------+------------------+------------------+
**Post_Text**:
replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 . inventory quantities are tracked through a perpetual inventory system . the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory . the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program . the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions . the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit . the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs . the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively . 9 . property and equipment : property and equipment are stated at cost , less accumulated depreciation . expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized . when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations . depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what is the percentage increase in inventories due to the adoption of lifo in 2005?
Answer: 5.6%
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Context:
**Pre_Text**:
the graph below shows a five-year comparison of the cumulative shareholder return on the company's common stock with the cumulative total return of the s&p smallcap 600 index and the s&p 600 electrical equipment index , all of which are published indices . comparison of five-year cumulative total return from december 31 , 2002 to december 31 , 2007 assumes $ 100 invested with reinvestment of dividends period indexed returns .
**Table**:
+-----------+-----------+----------+----------+----------+----------+----------+
| company/i | baseperio | baseperi | baseperi | baseperi | baseperi | 12/31/07 |
| ndex | d | od | od | od | od | |
| | 12/31/02 | 12/31/03 | 12/31/04 | 12/31/05 | 12/31/06 | |
+===========+===========+==========+==========+==========+==========+==========+
| a o smith | 100 | 132.230 | 115.360 | 138.200 | 150.260 | 142.720 |
| corp | | | | | | |
+-----------+-----------+----------+----------+----------+----------+----------+
| s&p | 100 | 138.790 | 170.220 | 183.300 | 211.010 | 210.390 |
| smallcap | | | | | | |
| 600 index | | | | | | |
+-----------+-----------+----------+----------+----------+----------+----------+
| s&p 600 e | 100 | 126.120 | 152.180 | 169.070 | 228.830 | 253.330 |
| lectrical | | | | | | |
| equipment | | | | | | |
+-----------+-----------+----------+----------+----------+----------+----------+
**Post_Text**:
12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 smith ( a o ) corp s&p smallcap 600 index s&p 600 electrical equipment .
Question: what was the difference in cumulative total return for the five year period ending 12/31/07 between a o smith corp and the s&p smallcap 600 index?
Answer: -67.67%
|
Context:
**Pre_Text**:
simulations assume that as assets and liabilities mature , they are replaced or repriced at then current market rates . we also consider forward projections of purchase accounting accretion when forecasting net interest income . the following graph presents the libor/swap yield curves for the base rate scenario and each of the alternate scenarios one year forward . table 52 : alternate interest rate scenarios : one year forward base rates pnc economist market forward slope flattening 2y 3y 5y 10y the fourth quarter 2013 interest sensitivity analyses indicate that our consolidated balance sheet is positioned to benefit from an increase in interest rates and an upward sloping interest rate yield curve . we believe that we have the deposit funding base and balance sheet flexibility to adjust , where appropriate and permissible , to changing interest rates and market conditions . market risk management 2013 customer-related trading risk we engage in fixed income securities , derivatives and foreign exchange transactions to support our customers 2019 investing and hedging activities . these transactions , related hedges and the credit valuation adjustment ( cva ) related to our customer derivatives portfolio are marked-to-market on a daily basis and reported as customer-related trading activities . we do not engage in proprietary trading of these products . we use value-at-risk ( var ) as the primary means to measure and monitor market risk in customer-related trading activities . we calculate a diversified var at a 95% ( 95 % ) confidence interval . var is used to estimate the probability of portfolio losses based on the statistical analysis of historical market risk factors . a diversified var reflects empirical correlations across different asset classes . during 2013 , our 95% ( 95 % ) var ranged between $ 1.7 million and $ 5.5 million , averaging $ 3.5 million . during 2012 , our 95% ( 95 % ) var ranged between $ 1.1 million and $ 5.3 million , averaging $ 3.2 million . to help ensure the integrity of the models used to calculate var for each portfolio and enterprise-wide , we use a process known as backtesting . the backtesting process consists of comparing actual observations of gains or losses against the var levels that were calculated at the close of the prior day . this assumes that market exposures remain constant throughout the day and that recent historical market variability is a good predictor of future variability . our customer-related trading activity includes customer revenue and intraday hedging which helps to reduce losses , and may reduce the number of instances of actual losses exceeding the prior day var measure . there was one such instance during 2013 under our diversified var measure where actual losses exceeded the prior day var measure . in comparison , there were two such instances during 2012 . we use a 500 day look back period for backtesting and include customer-related revenue . the following graph shows a comparison of enterprise-wide gains and losses against prior day diversified var for the period indicated . table 53 : enterprise-wide gains/losses versus value-at- 12/31/12 1/31/13 2/28/13 3/31/13 4/30/13 5/31/13 6/30/13 7/31/13 8/31/13 9/30/13 10/31/13 11/30/13 12/31/13 total customer-related trading revenue was as follows : table 54 : customer-related trading revenue year ended december 31 in millions 2013 2012 .
**Table**:
+-------------------------------------------+-------+-------+
| year ended december 31in millions | 2013 | 2012 |
+===========================================+=======+=======+
| net interest income | $ 31 | $ 38 |
+-------------------------------------------+-------+-------+
| noninterest income | 286 | 272 |
+-------------------------------------------+-------+-------+
| total customer-related trading revenue | $ 317 | $ 310 |
+-------------------------------------------+-------+-------+
| securities underwriting and trading ( a ) | $ 78 | $ 100 |
+-------------------------------------------+-------+-------+
| foreign exchange | 94 | 92 |
+-------------------------------------------+-------+-------+
| financial derivatives and other | 145 | 118 |
+-------------------------------------------+-------+-------+
| total customer-related trading revenue | $ 317 | $ 310 |
+-------------------------------------------+-------+-------+
**Post_Text**:
( a ) includes changes in fair value for certain loans accounted for at fair value . customer-related trading revenues for 2013 increased $ 7 million compared with 2012 . the increase primarily resulted from the impact of higher market interest rates on credit valuations for customer-related derivatives activities and improved debt underwriting results which were partially offset by reduced client sales revenue . the pnc financial services group , inc . 2013 form 10-k 93 .
Question: for 2013 and 2012 , what was total noninterest income in millions?
Answer: 558
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Context:
**Pre_Text**:
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 ) .
**Table**:
+-----------------------------------------------------+-----------+
| 2017 | $ 176138 |
+=====================================================+===========+
| 2018 | 166961 |
+-----------------------------------------------------+-----------+
| 2019 | 142987 |
+-----------------------------------------------------+-----------+
| 2020 | 124856 |
+-----------------------------------------------------+-----------+
| 2021 | 118168 |
+-----------------------------------------------------+-----------+
| 2022 and thereafter | 626495 |
+-----------------------------------------------------+-----------+
| total future minimum sponsorship and other payments | $ 1355605 |
+-----------------------------------------------------+-----------+
**Post_Text**:
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: what percentage of total future minimum sponsorship and other payments are scheduled for 2018?
Answer: 12%
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Context:
**Pre_Text**:
table of contents the company concluded that the acquisition of sentinelle medical did not represent a material business combination , and therefore , no pro forma financial information has been provided herein . subsequent to the acquisition date , the company 2019s results of operations include the results of sentinelle medical , which is included within the company 2019s breast health reporting segment . the company accounted for the sentinelle medical acquisition as a purchase of a business under asc 805 . the purchase price was comprised of an $ 84.8 million cash payment , which was net of certain adjustments , plus three contingent payments up to a maximum of an additional $ 250.0 million in cash . the contingent payments are based on a multiple of incremental revenue growth during the two-year period following the completion of the acquisition as follows : six months after acquisition , 12 months after acquisition , and 24 months after acquisition . pursuant to asc 805 , the company recorded its estimate of the fair value of the contingent consideration liability based on future revenue projections of the sentinelle medical business under various potential scenarios and weighted probability assumptions of these outcomes . as of the date of acquisition , these cash flow projections were discounted using a rate of 16.5% ( 16.5 % ) . the discount rate is based on the weighted-average cost of capital of the acquired business plus a credit risk premium for non-performance risk related to the liability pursuant to asc 820 . this analysis resulted in an initial contingent consideration liability of $ 29.5 million , which will be adjusted periodically as a component of operating expenses based on changes in the fair value of the liability driven by the accretion of the liability for the time value of money and changes in the assumptions pertaining to the achievement of the defined revenue growth milestones . this fair value measurement was based on significant inputs not observable in the market and thus represented a level 3 measurement as defined in asc during each quarter in fiscal 2011 , the company has re-evaluated its assumptions and updated the revenue and probability assumptions for future earn-out periods and lowered its projections . as a result of these adjustments , which were partially offset by the accretion of the liability , and using a current discount rate of approximately 17.0% ( 17.0 % ) , the company recorded a reversal of expense of $ 14.3 million in fiscal 2011 to record the contingent consideration liability at fair value . in addition , during the second quarter of fiscal 2011 , the first earn-out period ended , and the company adjusted the fair value of the contingent consideration liability for actual results during the earn-out period . this payment of $ 4.3 million was made in the third quarter of fiscal 2011 . at september 24 , 2011 , the fair value of the liability is $ 10.9 million . the company did not issue any equity awards in connection with this acquisition . the company incurred third-party transaction costs of $ 1.2 million , which were expensed within general and administrative expenses in fiscal 2010 . the purchase price was as follows: .
**Table**:
+--------------------------+----------+
| cash | $ 84751 |
+==========================+==========+
| contingent consideration | 29500 |
+--------------------------+----------+
| total purchase price | $ 114251 |
+--------------------------+----------+
**Post_Text**:
source : hologic inc , 10-k , november 23 , 2011 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. .
Question: what portion of the sentinelle medical's purchase price is related to contingent consideration?
Answer: 25.8%
|
Context:
**Pre_Text**:
table of contents global brand concepts american living launched exclusively at jcpenney in february 2008 , american living offers classic american style with a fresh , modern spirit and authentic sensibility . from everyday essentials to special occasion looks for the entire family to finely crafted bedding and home furnishings , american living promises stylish clothing and home products that are exceptionally made and offered at an incredible value . american living is available exclusively at jcpenney and jcp.com . chaps translates the classic heritage and timeless aesthetic of ralph lauren into an accessible line for men , women , children and the home . from casual basics designed for versatility and ease of wear to smart , finely tailored silhouettes perfect for business and more formal occasions , chaps creates interchangeable classics that are both enduring and affordable . the chaps men 2019s collection is available at select department and specialty stores . the chaps collections for women , children and the home are available exclusively at kohl 2019s and kohls.com . 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 , and improving full-price sell-throughs to consumers . as of the end of fiscal 2011 , our ralph lauren- branded products were sold through approximately 10000 doors worldwide and during fiscal 2011 , we invested approximately $ 35 million in related shop-within-shops primarily in domestic and international department and specialty stores . department stores are our major wholesale customers in north america . in europe , our wholesale sales are a varying mix of sales to both department stores and specialty shops , depending on the country . our collection brands 2014 women 2019s ralph lauren collection and black label and men 2019s purple label and black label 2014 are distributed through a limited number of premier fashion retailers . in addition , we sell excess and out-of-season products through secondary distribution channels , including our retail factory stores . in japan , our wholesale products are distributed primarily through shop-within-shops at premiere and top-tier department stores , and the mix of business is weighted to women 2019s blue label . in asia ( excluding japan and south korea ) , our wholesale products are sold at mid and top- tier department stores , and the mix of business is primarily weighted to men 2019s and women 2019s blue label . in asia and on a worldwide basis , products distributed through concessions-based sales arrangements are reported within our retail segment ( see 201cour retail segment 201d for further discussion ) . 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 april 2 , 2011 : number of location doors .
**Table**:
+--------------------------+-----------------+
| location | number of doors |
+==========================+=================+
| united states and canada | 5943 |
+--------------------------+-----------------+
| europe | 3919 |
+--------------------------+-----------------+
| asia | 93 |
+--------------------------+-----------------+
| total | 9955 |
+--------------------------+-----------------+
**Post_Text**:
in addition , american living and chaps-branded products distributed by our wholesale segment were sold domestically through approximately 1700 doors as of april 2 , 2011. .
Question: what percentage of total doors is the europe geography?
Answer: 39%
|
Context:
**Pre_Text**:
as of december 31 , 2006 , we also leased an office and laboratory facility in connecticut , additional office , distribution and storage facilities in san diego , and four foreign facilities located in japan , singapore , china and the netherlands under non-cancelable operating leases that expire at various times through july 2011 . these leases contain renewal options ranging from one to five years . as of december 31 , 2006 , our contractual obligations were ( in thousands ) : contractual obligation total less than 1 year 1 2013 3 years 1 2013 5 years more than 5 years .
**Table**:
+-------------+------------+------------+------------+------------+------------+
| contractual | payments | payments | payments | payments | payments |
| obligation | due by | due by | due by | due by | due by |
| | period | period | period 1 | period 1 | period |
| | total | less than | 2013 3 | 2013 5 | more than |
| | | 1 year | years | years | 5 years |
+=============+============+============+============+============+============+
| operating | $ 37899 | $ 5320 | $ 10410 | $ 9371 | $ 12798 |
| leases | | | | | |
+-------------+------------+------------+------------+------------+------------+
| total | $ 37899 | $ 5320 | $ 10410 | $ 9371 | $ 12798 |
+-------------+------------+------------+------------+------------+------------+
**Post_Text**:
the above table does not include orders for goods and services entered into in the normal course of business that are not enforceable or legally binding . item 7a . quantitative and qualitative disclosures about market risk . interest rate sensitivity our exposure to market risk for changes in interest rates relates primarily to our investment portfolio . the fair market value of fixed rate securities may be adversely impacted by fluctuations in interest rates while income earned on floating rate securities may decline as a result of decreases in interest rates . under our current policies , we do not use interest rate derivative instruments to manage exposure to interest rate changes . we attempt to ensure the safety and preservation of our invested principal funds by limiting default risk , market risk and reinvestment risk . we mitigate default risk by investing in investment grade securities . we have historically maintained a relatively short average maturity for our investment portfolio , and we believe a hypothetical 100 basis point adverse move in interest rates along the entire interest rate yield curve would not materially affect the fair value of our interest sensitive financial instruments . foreign currency exchange risk although most of our revenue is realized in u.s . dollars , some portions of our revenue are realized in foreign currencies . as a result , our financial results could be affected by factors such as changes in foreign currency exchange rates or weak economic conditions in foreign markets . the functional currencies of our subsidiaries are their respective local currencies . accordingly , the accounts of these operations are translated from the local currency to the u.s . dollar using the current exchange rate in effect at the balance sheet date for the balance sheet accounts , and using the average exchange rate during the period for revenue and expense accounts . the effects of translation are recorded in accumulated other comprehensive income as a separate component of stockholders 2019 equity. .
Question: what is the percent of the operating leases that are due in less than year to the total leases .
Answer: 14%
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Context:
**Pre_Text**:
common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to stock price , business and market conditions and other factors . we have been funding and expect to continue to fund stock repurchases through a combination of cash on hand and cash generated by operations . in the future , we may also choose to fund our stock repurchase program under our revolving credit facility or future financing transactions . there were no repurchases of our series a and b common stock during the three months ended december 31 , 2013 . the company first announced its stock repurchase program on august 3 , 2010 . stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc. , time warner , inc. , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2008 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2009 , 2010 , 2011 , 2012 and 2013 . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 .
**Table**:
+-----------+-----------+----------+----------+----------+----------+----------+
| | december | december | december | december | december | december |
| | 312008 | 312009 | 312010 | 312011 | 312012 | 312013 |
+===========+===========+==========+==========+==========+==========+==========+
| disca | $ 100.00 | $ 216.60 | $ 294.49 | $ 289.34 | $ 448.31 | $ 638.56 |
+-----------+-----------+----------+----------+----------+----------+----------+
| discb | $ 100.00 | $ 207.32 | $ 287.71 | $ 277.03 | $ 416.52 | $ 602.08 |
+-----------+-----------+----------+----------+----------+----------+----------+
| disck | $ 100.00 | $ 198.06 | $ 274.01 | $ 281.55 | $ 436.89 | $ 626.29 |
+-----------+-----------+----------+----------+----------+----------+----------+
| s&p 500 | $ 100.00 | $ 123.45 | $ 139.23 | $ 139.23 | $ 157.90 | $ 204.63 |
+-----------+-----------+----------+----------+----------+----------+----------+
| peer | $ 100.00 | $ 151.63 | $ 181.00 | $ 208.91 | $ 286.74 | $ 454.87 |
| group | | | | | | |
+-----------+-----------+----------+----------+----------+----------+----------+
**Post_Text**:
equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2014 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .
Question: what was the percentage cumulative total shareholder return on disca for the five year period ended december 21 , 2013?
Answer: 538.56%
|
Context:
**Pre_Text**:
westrock company notes to consolidated financial statements fffd ( continued ) the following table summarizes the weighted average life and the allocation to intangible assets recognized in the mps acquisition , excluding goodwill ( in millions ) : weighted avg . amounts recognized as the acquisition .
**Table**:
+---------------------------+-------------------+------------------------------+
| | weighted avg.life | amountsrecognized as ofthe |
| | | acquisitiondate |
+===========================+===================+==============================+
| customer relationships | 14.600 | $ 1008.7 |
+---------------------------+-------------------+------------------------------+
| trademarks and tradenames | 3 | 15.200 |
+---------------------------+-------------------+------------------------------+
| photo library | 10 | 2.500 |
+---------------------------+-------------------+------------------------------+
| total | 14.400 | $ 1026.4 |
+---------------------------+-------------------+------------------------------+
**Post_Text**:
none of the intangibles has significant residual value . we are amortizing the customer relationship intangibles over estimated useful lives ranging from 13 to 16 years based on a straight-line basis because the amortization pattern was not reliably determinable . star pizza acquisition on march 13 , 2017 , we completed the star pizza acquisition . the transaction provided us with a leadership position in the fast growing small-run pizza box market and increases our vertical integration . the purchase price was $ 34.6 million , net of a $ 0.7 million working capital settlement . we have fully integrated the approximately 22000 tons of containerboard used by star pizza annually . we have included the financial results of the acquired assets since the date of the acquisition in our corrugated packaging segment . the purchase price allocation for the acquisition primarily included $ 24.8 million of customer relationship intangible assets and $ 2.2 million of goodwill . we are amortizing the customer relationship intangibles over 10 years based on a straight-line basis because the amortization pattern was not reliably determinable . the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force . the goodwill and intangibles are amortizable for income tax purposes . packaging acquisition on january 19 , 2016 , we completed the packaging acquisition . the entities acquired provide value-added folding carton and litho-laminated display packaging solutions . the purchase price was $ 94.1 million , net of cash received of $ 1.7 million , a working capital settlement and a $ 3.5 million escrow receipt in the first quarter of fiscal 2017 . the transaction is subject to an election under section 338 ( h ) ( 10 ) of the code that increases the u.s . tax basis in the acquired u.s . entities . we believe the transaction has provided us with attractive and complementary customers , markets and facilities . we have included the financial results of the acquired entities since the date of the acquisition in our consumer packaging segment . the purchase price allocation for the acquisition primarily included $ 55.0 million of property , plant and equipment , $ 10.5 million of customer relationship intangible assets , $ 9.3 million of goodwill and $ 25.8 million of liabilities , including $ 1.3 million of debt . we are amortizing the customer relationship intangibles over estimated useful lives ranging from 9 to 15 years based on a straight-line basis because the amortization pattern was not reliably determinable . the fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition ( e.g. , enhanced reach of the combined organization and other synergies ) , and the assembled work force . the goodwill and intangibles of the u.s . entities are amortizable for income tax purposes . sp fiber on october 1 , 2015 , we completed the sp fiber acquisition in a stock purchase . the transaction included the acquisition of mills located in dublin , ga and newberg , or , which produce lightweight recycled containerboard and kraft and bag paper . the newberg mill also produced newsprint . as part of the transaction , we also acquired sp fiber's 48% ( 48 % ) interest in gps . gps is a joint venture providing steam to the dublin mill and electricity to georgia power . the purchase price was $ 278.8 million , net of cash received of $ 9.2 million and a working capital .
Question: how much of the cost of the acquisition was not goodwill and intangible assets?
Answer: $ 7.6 million
|
Context:
**Pre_Text**:
2011 compared to 2010 mfc 2019s net sales for 2011 increased $ 533 million , or 8% ( 8 % ) , compared to 2010 . the increase was attributable to higher volume of about $ 420 million on air and missile defense programs ( primarily pac-3 and thaad ) ; and about $ 245 million from fire control systems programs primarily related to the sof clss program , which began late in the third quarter of 2010 . partially offsetting these increases were lower net sales due to decreased volume of approximately $ 75 million primarily from various services programs and approximately $ 20 million from tactical missile programs ( primarily mlrs and jassm ) . mfc 2019s operating profit for 2011 increased $ 96 million , or 10% ( 10 % ) , compared to 2010 . the increase was attributable to higher operating profit of about $ 60 million for air and missile defense programs ( primarily pac-3 and thaad ) as a result of increased volume and retirement of risks ; and approximately $ 25 million for various services programs . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 35 million higher in 2011 compared to 2010 . backlog backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs . backlog increased in 2011 compared to 2010 primarily due to increased orders on air and missile defense programs ( primarily thaad ) . trends we expect mfc 2019s net sales for 2013 will be comparable with 2012 . we expect low double digit percentage growth in air and missile defense programs , offset by an expected decline in volume on logistics services programs . operating profit and margin are expected to be comparable with 2012 results . mission systems and training our mst business segment provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems . mst 2019s major programs include aegis , mk-41 vertical launching system ( vls ) , tpq-53 radar system , mh-60 , lcs , and ptds . mst 2019s operating results included the following ( in millions ) : .
**Table**:
+---------------------+----------------+----------------+----------------+
| | 2012 | 2011 | 2010 |
+=====================+================+================+================+
| net sales | $ 7579 | $ 7132 | $ 7443 |
+---------------------+----------------+----------------+----------------+
| operating profit | 737 | 645 | 713 |
+---------------------+----------------+----------------+----------------+
| operating margins | 9.7% ( 9.7 % ) | 9.0% ( 9.0 % ) | 9.6% ( 9.6 % ) |
+---------------------+----------------+----------------+----------------+
| backlog at year-end | 10700 | 10500 | 10600 |
+---------------------+----------------+----------------+----------------+
**Post_Text**:
2012 compared to 2011 mst 2019s net sales for 2012 increased $ 447 million , or 6% ( 6 % ) , compared to 2011 . the increase in net sales for 2012 was attributable to higher volume and risk retirements of approximately $ 395 million from ship and aviation system programs ( primarily ptds ; lcs ; vls ; and mh-60 ) ; about $ 115 million for training and logistics solutions programs primarily due to net sales from sim industries , which was acquired in the fourth quarter of 2011 ; and approximately $ 30 million as a result of increased volume on integrated warfare systems and sensors programs ( primarily aegis ) . partially offsetting the increases were lower net sales of approximately $ 70 million from undersea systems programs due to lower volume on an international combat system program and towed array systems ; and about $ 25 million due to lower volume on various other programs . mst 2019s operating profit for 2012 increased $ 92 million , or 14% ( 14 % ) , compared to 2011 . the increase was attributable to higher operating profit of approximately $ 175 million from ship and aviation system programs , which reflects higher volume and risk retirements on certain programs ( primarily vls ; ptds ; mh-60 ; and lcs ) and reserves of about $ 55 million for contract cost matters on ship and aviation system programs recorded in the fourth quarter of 2011 ( including the terminated presidential helicopter program ) . partially offsetting the increase was lower operating profit of approximately $ 40 million from undersea systems programs due to reduced profit booking rates on certain programs and lower volume on an international combat system program and towed array systems ; and about $ 40 million due to lower volume on various other programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 150 million higher for 2012 compared to 2011. .
Question: what is the growth rate in operating profit for mst in 2012?
Answer: 14.3%
|
Context:
**Pre_Text**:
pollutants discharged to waters of the united states and remediation of waters affected by such discharge . to our knowledge , we are in compliance with all material requirements associated with the various regulations . the united states congress is actively considering legislation to reduce emissions of greenhouse gases , including carbon dioxide and methane . in addition , state and regional initiatives to regulate greenhouse gas emissions are underway . we are monitoring federal and state legislation to assess the potential impact on our operations . our most recent calculation of direct greenhouse gas emissions for oneok and oneok partners is estimated to be less than 6 million metric tons of carbon dioxide equivalents on an annual basis . we will continue efforts to quantify our direct greenhouse gas emissions and will report such emissions as required by any mandatory reporting rule , including the rules anticipated to be issued by the epa in mid-2009 . superfund - the comprehensive environmental response , compensation and liability act , also known as cercla or superfund , imposes liability , without regard to fault or the legality of the original act , on certain classes of persons who contributed to the release of a hazardous substance into the environment . these persons include the owner or operator of a facility where the release occurred and companies that disposed or arranged for the disposal of the hazardous substances found at the facility . under cercla , these persons may be liable for the costs of cleaning up the hazardous substances released into the environment , damages to natural resources and the costs of certain health studies . chemical site security - the united states department of homeland security ( homeland security ) released an interim rule in april 2007 that requires companies to provide reports on sites where certain chemicals , including many hydrocarbon products , are stored . we completed the homeland security assessments and our facilities were subsequently assigned to one of four risk-based tiers ranging from high ( tier 1 ) to low ( tier 4 ) risk , or not tiered at all due to low risk . a majority of our facilities were not tiered . we are waiting for homeland security 2019s analysis to determine if any of the tiered facilities will require site security plans and possible physical security enhancements . climate change - our environmental and climate change strategy focuses on taking steps to minimize the impact of our operations on the environment . these strategies include : ( i ) developing and maintaining an accurate greenhouse gas emissions inventory , according to rules anticipated to be issued by the epa in mid-2009 ; ( ii ) improving the efficiency of our various pipelines , natural gas processing facilities and natural gas liquids fractionation facilities ; ( iii ) following developing technologies for emission control ; ( iv ) following developing technologies to capture carbon dioxide to keep it from reaching the atmosphere ; and ( v ) analyzing options for future energy investment . currently , certain subsidiaries of oneok partners participate in the processing and transmission sectors and ldcs in our distribution segment participate in the distribution sector of the epa 2019s natural gas star program to voluntarily reduce methane emissions . a subsidiary in our oneok partners 2019 segment was honored in 2008 as the 201cnatural gas star gathering and processing partner of the year 201d for its efforts to positively address environmental issues through voluntary implementation of emission-reduction opportunities . in addition , we continue to focus on maintaining low rates of lost-and- unaccounted-for methane gas through expanded implementation of best practices to limit the release of methane during pipeline and facility maintenance and operations . our most recent calculation of our annual lost-and-unaccounted-for natural gas , for all of our business operations , is less than 1 percent of total throughput . employees we employed 4742 people at january 31 , 2009 , including 739 people employed by kansas gas service , who were subject to collective bargaining contracts . the following table sets forth our contracts with collective bargaining units at january 31 , employees contract expires .
**Table**:
+-----------------------------------------------+-----------+------------------+
| union | employees | contract expires |
+===============================================+===========+==================+
| united steelworkers of america | 414 | june 30 2009 |
+-----------------------------------------------+-----------+------------------+
| international union of operating engineers | 13 | june 30 2009 |
+-----------------------------------------------+-----------+------------------+
| international brotherhood of electrical | 312 | june 30 2010 |
| workers | | |
+-----------------------------------------------+-----------+------------------+
Question: as of january 31 , 2009 what percentage of employees are members of international brotherhood of electrical workers?
Answer: 7%
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Context:
**Pre_Text**:
entergy louisiana , inc . management's financial discussion and analysis setting any of entergy louisiana's rates . therefore , to the extent entergy louisiana's use of the proceeds would ordinarily have reduced its rate base , no change in rate base shall be reflected for ratemaking purposes . the sec approval for additional return of equity capital is now expired . entergy louisiana's receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
**Table**:
+------------------+------------------+------------------+------------------+
| 2004 | 2003 | 2002 | 2001 |
+==================+==================+==================+==================+
| ( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands ) |
+------------------+------------------+------------------+------------------+
| $ 40549 | ( $ 41317 ) | $ 18854 | $ 3812 |
+------------------+------------------+------------------+------------------+
**Post_Text**:
money pool activity used $ 81.9 million of entergy louisiana's operating cash flow in 2004 , provided $ 60.2 million in 2003 , and used $ 15.0 million in 2002 . see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool . investing activities the decrease of $ 25.1 million in net cash used by investing activities in 2004 was primarily due to decreased spending on customer service projects , partially offset by increases in spending on transmission projects and fossil plant projects . the increase of $ 56.0 million in net cash used by investing activities in 2003 was primarily due to increased spending on customer service , transmission , and nuclear projects . financing activities the decrease of $ 404.4 million in net cash used by financing activities in 2004 was primarily due to : 2022 the net issuance of $ 98.0 million of long-term debt in 2004 compared to the retirement of $ 261.0 million in 2022 a principal payment of $ 14.8 million in 2004 for the waterford lease obligation compared to a principal payment of $ 35.4 million in 2003 ; and 2022 a decrease of $ 29.0 million in common stock dividends paid . the decrease of $ 105.5 million in net cash used by financing activities in 2003 was primarily due to : 2022 a decrease of $ 125.9 million in common stock dividends paid ; and 2022 the repurchase of $ 120 million of common stock from entergy corporation in 2002 . the decrease in net cash used in 2003 was partially offset by the following : 2022 the retirement in 2003 of $ 150 million of 8.5% ( 8.5 % ) series first mortgage bonds compared to the net retirement of $ 134.6 million of first mortgage bonds in 2002 ; and 2022 principal payments of $ 35.4 million in 2003 for the waterford 3 lease obligation compared to principal payments of $ 15.9 million in 2002 . see note 5 to the domestic utility companies and system energy financial statements for details of long-term debt . uses of capital entergy louisiana requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. .
Question: what is the percent change in receivables from or ( payables to ) the money pool from 2001 to 2002?
Answer: 395%
|
Context:
**Pre_Text**:
overview we finance our operations and capital expenditures through a combination of internally generated cash from operations and from borrowings under our senior secured asset-based revolving credit facility . we believe that our current sources of funds will be sufficient to fund our cash operating requirements for the next year . in addition , we believe that , in spite of the uncertainty of future macroeconomic conditions , we have adequate sources of liquidity and funding available to meet our longer-term needs . however , there are a number of factors that may negatively impact our available sources of funds . the amount of cash generated from operations will be dependent upon factors such as the successful execution of our business plan and general economic conditions . long-term debt activities during the year ended december 31 , 2014 , we had significant debt refinancings . in connection with these refinancings , we recorded a loss on extinguishment of long-term debt of $ 90.7 million in our consolidated statement of operations for the year ended december 31 , 2014 . see note 7 to the accompanying audited consolidated financial statements included elsewhere in this report for additional details . share repurchase program on november 6 , 2014 , we announced that our board of directors approved a $ 500 million share repurchase program effective immediately under which we may repurchase shares of our common stock in the open market or through privately negotiated transactions , depending on share price , market conditions and other factors . the share repurchase program does not obligate us to repurchase any dollar amount or number of shares , and repurchases may be commenced or suspended from time to time without prior notice . as of the date of this filing , no shares have been repurchased under the share repurchase program . dividends a summary of 2014 dividend activity for our common stock is shown below: .
**Table**:
+-----------------+------------------+------------------+-------------------+
| dividend amount | declaration date | record date | payment date |
+=================+==================+==================+===================+
| $ 0.0425 | february 12 2014 | february 25 2014 | march 10 2014 |
+-----------------+------------------+------------------+-------------------+
| $ 0.0425 | may 8 2014 | may 27 2014 | june 10 2014 |
+-----------------+------------------+------------------+-------------------+
| $ 0.0425 | july 31 2014 | august 25 2014 | september 10 2014 |
+-----------------+------------------+------------------+-------------------+
| $ 0.0675 | november 6 2014 | november 25 2014 | december 10 2014 |
+-----------------+------------------+------------------+-------------------+
**Post_Text**:
on february 10 , 2015 , we announced that our board of directors declared a quarterly cash dividend on our common stock of $ 0.0675 per share . the dividend will be paid on march 10 , 2015 to all stockholders of record as of the close of business on february 25 , 2015 . the payment of any future dividends will be at the discretion of our board of directors and will depend upon our results of operations , financial condition , business prospects , capital requirements , contractual restrictions , any potential indebtedness we may incur , restrictions imposed by applicable law , tax considerations and other factors that our board of directors deems relevant . in addition , our ability to pay dividends on our common stock will be limited by restrictions on our ability to pay dividends or make distributions to our stockholders and on the ability of our subsidiaries to pay dividends or make distributions to us , in each case , under the terms of our current and any future agreements governing our indebtedness . table of contents .
Question: if you held 1000 shares on may 30 , 2014 , how much would you receive in dividends?
Answer: 42.5
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Context:
**Pre_Text**:
customary conditions . we will retain a 20% ( 20 % ) equity interest in the joint venture . as of december 31 , 2008 , the joint venture has acquired seven properties from us and we received year-to-date net sale proceeds and financing distributions of approximately $ 251.6 million . in january 2008 , we sold a tract of land to an unconsolidated joint venture in which we hold a 50% ( 50 % ) equity interest and received a distribution , commensurate to our partner 2019s 50% ( 50 % ) ownership interest , of approximately $ 38.3 million . in november 2008 , that unconsolidated joint venture entered a loan agreement with a consortium of banks and distributed a portion of the loan proceeds to us and our partner , with our share of the distribution totaling $ 20.4 million . uses of liquidity our principal uses of liquidity include the following : 2022 property investment ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; 2022 opportunistic repurchases of outstanding debt ; and 2022 other contractual obligations . property investment we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential . our ability to make future property investments is dependent upon our continued access to our longer-term sources of liquidity including the issuances of debt or equity securities as well as disposing of selected properties . in light of current economic conditions , management continues to evaluate our investment priorities and we are limiting new development expenditures . recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments . the following is a summary of our recurring capital expenditures for the years ended december 31 , 2008 , 2007 and 2006 , respectively ( in thousands ) : .
**Table**:
+-------------------------------+---------+---------+---------+
| | 2008 | 2007 | 2006 |
+===============================+=========+=========+=========+
| recurring tenant improvements | $ 36885 | $ 45296 | $ 41895 |
+-------------------------------+---------+---------+---------+
| recurring leasing costs | 28205 | 32238 | 32983 |
+-------------------------------+---------+---------+---------+
| building improvements | 9724 | 8402 | 8122 |
+-------------------------------+---------+---------+---------+
| totals | $ 74814 | $ 85936 | $ 83000 |
+-------------------------------+---------+---------+---------+
**Post_Text**:
dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders . because depreciation is a non-cash expense , cash flow will typically be greater than operating income . we paid dividends per share of $ 1.93 , $ 1.91 and $ 1.89 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status . however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . in january 2009 , our board of directors resolved to decrease our annual dividend from $ 1.94 per share to $ 1.00 per share in order to retain additional cash to help meet our capital needs . we anticipate retaining additional cash of approximately $ 145.2 million per year , when compared to an annual dividend of $ 1.94 per share , as the result of this action . at december 31 , 2008 we had six series of preferred shares outstanding . the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 8.375% ( 8.375 % ) and are paid in arrears quarterly. .
Question: what is the percent change in total recurring capital expenditures from 2006 to 2007?
Answer: 3.5%
|
Context:
**Pre_Text**:
federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) .
**Table**:
+-----------------------------------------------------------+------------------+
| balance december 31 2006 | $ 740507 |
+===========================================================+==================+
| additions during period 2014depreciation and amortization | 96454 |
| expense | |
+-----------------------------------------------------------+------------------+
| deductions during period 2014disposition and retirements | -80258 ( 80258 ) |
| of property | |
+-----------------------------------------------------------+------------------+
| balance december 31 2007 | 756703 |
+-----------------------------------------------------------+------------------+
| additions during period 2014depreciation and amortization | 101321 |
| expense | |
+-----------------------------------------------------------+------------------+
| deductions during period 2014disposition and retirements | -11766 ( 11766 ) |
| of property | |
+-----------------------------------------------------------+------------------+
| balance december 31 2008 | 846258 |
+-----------------------------------------------------------+------------------+
| additions during period 2014depreciation and amortization | 103.698 |
| expense | |
+-----------------------------------------------------------+------------------+
| deductions during period 2014disposition and retirements | -11869 ( 11869 ) |
| of property | |
+-----------------------------------------------------------+------------------+
| balance december 31 2009 | $ 938087 |
+-----------------------------------------------------------+------------------+
Question: considering the years 2006-2009 , what is the value of the average additions?
Answer: 100491
|
Context:
**Pre_Text**:
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) . the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market . atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses . these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro . atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog . also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital . additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected . transportation and construction solutions .
**Table**:
+-------------------+--------+--------+--------+
| | 2015 | 2014 | 2013 |
+===================+========+========+========+
| third-party sales | $ 1882 | $ 2021 | $ 1951 |
+-------------------+--------+--------+--------+
| atoi | $ 166 | $ 180 | $ 167 |
+-------------------+--------+--------+--------+
**Post_Text**:
this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets . such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors . a small part of this segment also produces aluminum products for the industrial products end market . generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s . dollar , the euro , and the brazilian real . third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market . third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market . atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix . these negative impacts were mostly offset by net productivity improvements across all businesses . atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor . in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe . also , north america build rates in the commercial .
Question: considering the 2013-2014 period , what is the percentual improvement of net productivity and overall higher volumes concerning the atoi?
Answer: 7.7%
|
Context:
**Pre_Text**:
do so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 38.7 million and $ 31.8 million at december 31 , 2012 and 2011 respectively . although the value of the plans is recorded as an asset in marketable securities in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan . cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . employees in this plan are subject to the vesting requirements of the underlying qualified plans . deferred compensation plan . a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . comex members 2019 retirement plan and benefits . comex maintains a retirement and benefit plan under the comex members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.8 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 through 2012 . at december 31 , 2012 and 2011 , the obligation for the mrrp totaled $ 22.7 million and $ 21.6 million , respectively . assets with a fair value of $ 18.4 million and $ 17.7 million have been allocated to this plan at december 31 , 2012 and 2011 , respectively , and are included in marketable securities and cash and cash equivalents in the consolidated balance sheets . the balances in these plans are subject to the claims of general creditors of comex . 13 . commitments operating leases . cme group has entered into various non-cancellable operating lease agreements , with the most significant being as follows : 2022 in april 2012 , the company sold two buildings in chicago at 141 w . jackson and leased back a portion of the property . the operating lease , which has an initial lease term ending on april 30 , 2027 , contains four consecutive renewal options for five years . 2022 in january 2011 , the company entered into an operating lease for office space in london . the initial lease term , which became effective on january 20 , 2011 , terminates on march 24 , 2026 , with an option to terminate without penalty in january 2021 . 2022 in july 2008 , the company renegotiated the operating lease for its headquarters at 20 south wacker drive in chicago . the lease , which has an initial term ending on november 30 , 2022 , contains two consecutive renewal options for seven and ten years and a contraction option which allows the company to reduce its occupied space after november 30 , 2018 . in addition , the company may exercise a lease expansion option in december 2017 . 2022 in august 2006 , the company entered into an operating lease for additional office space in chicago . the initial lease term , which became effective on august 10 , 2006 , terminates on november 30 , 2023 . the lease contains two 5-year renewal options beginning in 2023 . at december 31 , 2012 , future minimum payments under non-cancellable operating leases were payable as follows ( in millions ) : .
**Table**:
+------------+---------+
| 2013 | $ 28.7 |
+============+=========+
| 2014 | 29.100 |
+------------+---------+
| 2015 | 28.900 |
+------------+---------+
| 2016 | 28.900 |
+------------+---------+
| 2017 | 29.300 |
+------------+---------+
| thereafter | 152.900 |
+------------+---------+
| total | $ 297.8 |
+------------+---------+
Question: what is the percentage increase in obligation for the mrrp from 2011 to 2012?
Answer: 5.1%
|
Context:
**Pre_Text**:
the following table summarizes the changes in the company 2019s valuation allowance: .
**Table**:
+-------------------------------------------+----------------+
| balance at january 1 2010 | $ 25621 |
+===========================================+================+
| increases in current period tax positions | 907 |
+-------------------------------------------+----------------+
| decreases in current period tax positions | -2740 ( 2740 ) |
+-------------------------------------------+----------------+
| balance at december 31 2010 | $ 23788 |
+-------------------------------------------+----------------+
| increases in current period tax positions | 1525 |
+-------------------------------------------+----------------+
| decreases in current period tax positions | -3734 ( 3734 ) |
+-------------------------------------------+----------------+
| balance at december 31 2011 | $ 21579 |
+-------------------------------------------+----------------+
| increases in current period tax positions | 0 |
+-------------------------------------------+----------------+
| decreases in current period tax positions | -2059 ( 2059 ) |
+-------------------------------------------+----------------+
| balance at december 31 2012 | $ 19520 |
+-------------------------------------------+----------------+
**Post_Text**:
note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for 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 funding policy 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 , and an additional contribution if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also increase its contributions , if appropriate , to its tax and cash position and the plan 2019s funded position . pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities and guaranteed interest contracts with insurance companies . 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 several unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees . the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees . the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 . the plans had previously closed for non-union employees hired on or after january 1 , 2002 . the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes . plan assets are invested in equity and bond mutual funds , fixed income securities , real estate investment trusts ( 201creits 201d ) and emerging market funds . the obligations of the plans are dominated by obligations for active employees . because the timing of expected benefit payments is so far in the future and the size of the plan assets are small relative to the company 2019s assets , the investment strategy is to allocate a significant percentage of assets to equities , which the company believes will provide the highest return over the long-term period . the fixed income assets are invested in long duration debt securities and may be invested in fixed income instruments , such as futures and options in order to better match the duration of the plan liability. .
Question: how much did the company 2019s valuation allowance decrease from 2010 to 2012?
Answer: -23.8%
|
Context:
**Pre_Text**:
december 31 , 2018 . alcoa corporation will supply all required raw materials to arconic and arconic will process the raw materials into finished can sheet coils ready for shipment to the end customer . tolling revenue for the two months ended december 31 , 2016 was approximately $ 37 million . in 2017 , demand in the automotive end market is expected to continue to grow due to the growing demand for innovative products and aluminum-intensive vehicles . demand from the commercial airframe end market is expected to be flat in 2017 as the ramp up of new programs is offset by customer destocking and lower build rates for aluminum intensive wide-body programs . sales to the packaging market are expected to decline due to continuing pricing pressure within this market and the ramp-down of the north american packaging operations . net productivity improvements are anticipated to continue . engineered products and solutions .
**Table**:
+-------------------+--------+--------+--------+
| | 2016 | 2015 | 2014 |
+===================+========+========+========+
| third-party sales | $ 5728 | $ 5342 | $ 4217 |
+-------------------+--------+--------+--------+
| atoi | $ 642 | $ 595 | $ 579 |
+-------------------+--------+--------+--------+
**Post_Text**:
the engineered products and solutions segment produces products that are used primarily in the aerospace ( commercial and defense ) , commercial transportation , and power generation end markets . such products include fastening systems ( titanium , steel , and nickel superalloys ) and seamless rolled rings ( mostly nickel superalloys ) ; investment castings ( nickel superalloys , titanium , and aluminum ) , including airfoils and forged jet engine components ( e.g. , jet engine disks ) , and extruded , machined and formed aircraft parts ( titanium and aluminum ) , all of which are sold directly to customers and through distributors . more than 75% ( 75 % ) of the third-party sales in this segment are from the aerospace end market . a small part of this segment also produces various forged , extruded , and machined metal products ( titanium , aluminum and steel ) for the oil and gas , industrial products , automotive , and land and sea defense end markets . seasonal decreases in sales are generally experienced in the third quarter of the year due to the european summer slowdown across all end markets . generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s . dollar , british pound and the euro . in july 2015 , arconic completed the acquisition of rti , a global supplier of titanium and specialty metal products and services for the commercial aerospace , defense , energy , and medical device end markets . the purpose of the acquisition was to expand arconic 2019s range of titanium offerings and add advanced technologies and materials , primarily related to the aerospace end market . in 2014 , rti generated net sales of $ 794 and had approximately 2600 employees . the operating results and assets and liabilities of rti have been included within the engineered products and solutions segment since the date of acquisition . in march 2015 , arconic completed the acquisition of tital , a privately held aerospace castings company with approximately 650 employees based in germany . tital produces aluminum and titanium investment casting products for the aerospace and defense end markets . in 2014 , tital generated sales of approximately $ 100 . the purpose of the acquisition was to capture increasing demand for advanced jet engine components made of titanium , establish titanium- casting capabilities in europe , and expand existing aluminum casting capacity . the operating results and assets and liabilities of tital have been included within the engineered products and solutions segment since the date of acquisition . in november 2014 , arconic completed the acquisition of firth rixson , a global leader in aerospace jet engine components . firth rixson manufactures rings , forgings , and metal products for the aerospace end market , as well as other markets requiring highly-engineered material applications . the purpose of the acquisition was to strengthen arconic 2019s aerospace business and position the company to capture additional aerospace growth with a broader range of high-growth , value-add jet engine components . firth rixson generated sales of approximately $ 970 in 2014 and had 13 operating facilities in the united states , united kingdom , europe , and asia employing approximately 2400 people combined . the operating results and assets and liabilities of firth rixson have been included within the engineered products and solutions segment since the date of acquisition. .
Question: considering the year 2014 , how bigger were the number of dollars received from sales generated from firth rixson in comparison with tital?
Answer: 870%
|
Context:
**Pre_Text**:
individual loan before being modified as a tdr in the discounted cash flow analysis in order to determine that specific loan 2019s expected impairment . specifically , a loan that has a more severe delinquency history prior to modification will have a higher future default rate in the discounted cash flow analysis than a loan that was not as severely delinquent . for both of the one- to four-family and home equity loan portfolio segments , the pre- modification delinquency status , the borrower 2019s current credit score and other credit bureau attributes , in addition to each loan 2019s individual default experience and credit characteristics , are incorporated into the calculation of the specific allowance . a specific allowance is established to the extent that the recorded investment exceeds the discounted cash flows of a tdr with a corresponding charge to provision for loan losses . the specific allowance for these individually impaired loans represents the forecasted losses over the estimated remaining life of the loan , including the economic concession to the borrower . effects if actual results differ historic volatility in the credit markets has substantially increased the complexity and uncertainty involved in estimating the losses inherent in the loan portfolio . in the current market it is difficult to estimate how potential changes in the quantitative and qualitative factors , including the impact of home equity lines of credit converting from interest only to amortizing loans or requiring borrowers to repay the loan in full at the end of the draw period , might impact the allowance for loan losses . if our underlying assumptions and judgments prove to be inaccurate , the allowance for loan losses could be insufficient to cover actual losses . we may be required under such circumstances to further increase the provision for loan losses , which could have an adverse effect on the regulatory capital position and results of operations in future periods . during the normal course of conducting examinations , our banking regulators , the occ and federal reserve , continue to review our business and practices . this process is dynamic and ongoing and we cannot be certain that additional changes or actions will not result from their continuing review . valuation of goodwill and other intangible assets description goodwill and other intangible assets are evaluated for impairment on an annual basis as of november 30 and in interim periods when events or changes indicate the carrying value may not be recoverable , such as a significant deterioration in the operating environment or a decision to sell or dispose of a reporting unit . goodwill and other intangible assets net of amortization were $ 1.8 billion and $ 0.2 billion , respectively , at december 31 , 2013 . judgments goodwill is allocated to reporting units , which are components of the business that are one level below operating segments . reporting units are evaluated for impairment individually during the annual assessment . estimating the fair value of reporting units and the assets , liabilities and intangible assets of a reporting unit is a subjective process that involves the use of estimates and judgments , particularly related to cash flows , the appropriate discount rates and an applicable control premium . management judgment is required to assess whether the carrying value of the reporting unit can be supported by the fair value of the individual reporting unit . there are various valuation methodologies , such as the market approach or discounted cash flow methods , that may be used to estimate the fair value of reporting units . in applying these methodologies , we utilize a number of factors , including actual operating results , future business plans , economic projections , and market data . the following table shows the comparative data for the amount of goodwill allocated to our reporting units ( dollars in millions ) : .
**Table**:
+------------------+--------------------+--------------------+
| reporting unit | december 31 , 2013 | december 31 , 2012 |
+==================+====================+====================+
| retail brokerage | $ 1791.8 | $ 1791.8 |
+------------------+--------------------+--------------------+
| market making | 2014 | 142.400 |
+------------------+--------------------+--------------------+
| total goodwill | $ 1791.8 | $ 1934.2 |
+------------------+--------------------+--------------------+
Question: what percentage of total goodwill in 2012 is allocated to market making?
Answer: 7%
|
Context:
**Pre_Text**:
entergy corporation and subsidiaries management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase of 1402 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage and the effect of more favorable weather . the increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers , partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges . the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business 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 ) . see note 2 to the financial statements for further discussion of the business combination and customer credits . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) .
**Table**:
+------------------------------------------------+------------------------+
| | amount ( in millions ) |
+================================================+========================+
| 2014 net revenue | $ 2224 |
+------------------------------------------------+------------------------+
| nuclear realized price changes | -310 ( 310 ) |
+------------------------------------------------+------------------------+
| vermont yankee shutdown in december 2014 | -305 ( 305 ) |
+------------------------------------------------+------------------------+
| nuclear volume excluding vermont yankee effect | 20 |
+------------------------------------------------+------------------------+
| other | 37 |
+------------------------------------------------+------------------------+
| 2015 net revenue | $ 1666 |
+------------------------------------------------+------------------------+
**Post_Text**:
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2016 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 . the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. .
Question: what is the net change in net revenue during 2015?
Answer: -558
|
Context:
**Pre_Text**:
entergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
**Table**:
+------------------+------------------+------------------+------------------+
| 2016 | 2015 | 2014 | 2013 |
+==================+==================+==================+==================+
| ( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands ) |
+------------------+------------------+------------------+------------------+
| $ 14215 | $ 15794 | $ 442 | $ 4737 |
+------------------+------------------+------------------+------------------+
**Post_Text**:
see note 4 to the financial statements for a description of the money pool . entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 . the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility . as of december 31 , 2016 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility . in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso . as of december 31 , 2016 , a $ 6.2 million letter of credit was outstanding under entergy new orleans 2019s letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy new orleans obtained authorization from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 100 million at any time outstanding . see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits . the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through june 2018 . state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity . entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers . retail rates see 201calgiers asset transfer 201d below for discussion of the transfer from entergy louisiana to entergy new orleans of certain assets that serve algiers customers . in march 2013 , entergy louisiana filed a rate case for the algiers area , which is in new orleans and is regulated by the city council . entergy louisiana requested a rate increase of $ 13 million over three years , including a 10.4% ( 10.4 % ) return on common equity and a formula rate plan mechanism identical to its lpsc request . in january 2014 the city council advisors filed direct testimony recommending a rate increase of $ 5.56 million over three years , including an 8.13% ( 8.13 % ) return on common equity . in june 2014 the city council unanimously approved a settlement that includes the following : 2022 a $ 9.3 million base rate revenue increase to be phased in on a levelized basis over four years ; 2022 recovery of an additional $ 853 thousand annually through a miso recovery rider ; and 2022 the adoption of a four-year formula rate plan requiring the filing of annual evaluation reports in may of each year , commencing may 2015 , with resulting rates being implemented in october of each year . the formula rate plan includes a midpoint target authorized return on common equity of 9.95% ( 9.95 % ) with a +/- 40 basis point bandwidth . the rate increase was effective with bills rendered on and after the first billing cycle of july 2014 . additional compliance filings were made with the city council in october 2014 for approval of the form of certain rate riders , including among others , a ninemile 6 non-fuel cost recovery interim rider , allowing for contemporaneous recovery of capacity .
Question: what is the net change in entergy new orleans 2019s receivables from the money pool from 2015 to 2016?
Answer: -1579
|
Context:
**Pre_Text**:
notes to consolidated financial statements 2014 ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .
**Table**:
+---------------------------------------------------------------+--------------+
| balance at september 29 2007 | $ 7315 |
+===============================================================+==============+
| increases based on positions related to prior years | 351 |
+---------------------------------------------------------------+--------------+
| increases based on positions related to current year | 813 |
+---------------------------------------------------------------+--------------+
| decreases relating to lapses of applicable statutes of | -605 ( 605 ) |
| limitations | |
+---------------------------------------------------------------+--------------+
| balance at october 3 2008 | $ 7874 |
+---------------------------------------------------------------+--------------+
**Post_Text**:
the company 2019s major tax jurisdictions as of october 3 , 2008 for fin 48 are the u.s. , california , and iowa . for the u.s. , the company has open tax years dating back to fiscal year 1998 due to the carryforward of tax attributes . for california , the company has open tax years dating back to fiscal year 2002 due to the carryforward of tax attributes . for iowa , the company has open tax years dating back to fiscal year 2002 due to the carryforward of tax attributes . during the year ended october 3 , 2008 , the statute of limitations period expired relating to an unrecognized tax benefit . the expiration of the statute of limitations period resulted in the recognition of $ 0.6 million of previously unrecognized tax benefit , which impacted the effective tax rate , and $ 0.5 million of accrued interest related to this tax position was reversed during the year . including this reversal , total year-to-date accrued interest related to the company 2019s unrecognized tax benefits was a benefit of $ 0.4 million . 10 . stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value . holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose . dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside . in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock . each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name . no holder of common stock is entitled to cumulate votes in voting for directors . the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or sell . in march 2007 , the company repurchased approximately 4.3 million of its common shares for $ 30.1 million as authorized by the company 2019s board of directors . the company has no publicly disclosed stock repurchase plans . at october 3 , 2008 , the company had 170322804 shares of common stock issued and 165591830 shares outstanding . preferred stock the company 2019s second amended and restated certificate of incorporation permits the company to issue up to 25000000 shares of preferred stock in one or more series and with rights and preferences that may be fixed or designated by the company 2019s board of directors without any further action by the company 2019s stockholders . the designation , powers , preferences , rights and qualifications , limitations and restrictions of the preferred stock of each skyworks solutions , inc . 2008 annual report %%transmsg*** transmitting job : a51732 pcn : 099000000 ***%%pcmsg|103 |00005|yes|no|03/26/2009 13:34|0|0|page is valid , no graphics -- color : d| .
Question: what would be the total common stock par value if all authorized shares were outstanding?
Answer: 131250000
|
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