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performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock, which is listed on the nyse under the ticker symbol 201cc 201d and held by 65691 common stockholders of record as of january 31, 2018, with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31, 2017. the graph and table assume that $100 was invested on december 31, 2012 in citi 2019s common stock, the s&p 500 index and the s&p financial index, and that all dividends were reinvested. comparison of five-year cumulative total return for the years ended date citi s&p 500 financials. date | citi | s&p 500 | s&p financials 31-dec-2012 | 100.0 | 100.0 | 100.0 31-dec-2013 | 131.8 | 132.4 | 135.6 31-dec-2014 | 137.0 | 150.5 | 156.2 31-dec-2015 | 131.4 | 152.6 | 153.9 31-dec-2016 | 152.3 | 170.8 | 188.9 31-dec-2017 | 193.5 | 208.1 | 230.9 . what is the value of citi common stock in 2017 less an initial $100 investment?

93.5

stockholder return performance graphs the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index. the graph assumes that the value of the investment in our common stock and in each index (including reinvestment of dividends) was $100 on december 29, 2007 and tracks it through december 29, 2012. comparison of 5 year cumulative total return* among cadence design systems, inc., the nasdaq composite index, and s&p 400 information technology cadence design systems, inc. nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$100 invested on 12/29/07 in stock or 12/31/07 in index, including reinvestment of dividends. indexes calculated on month-end basis. copyright a9 2013 s&p, a division of the mcgraw-hill companies inc. all rights reserved.. - | 12/29/2007 | 1/3/2009 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012 cadence design systems inc. | 100.00 | 22.55 | 35.17 | 48.50 | 61.07 | 78.92 nasdaq composite | 100.00 | 59.03 | 82.25 | 97.32 | 98.63 | 110.78 s&p 400 information technology | 100.00 | 54.60 | 82.76 | 108.11 | 95.48 | 109.88 the stock price performance included in this graph is not necessarily indicative of future stock price performance. what is the difference of the price of cadence design from 2007 to 2012?

-21.08

(in millions) 2010 2009 2008. (in millions) | 2010 | 2009 | 2008 net cash provided by operating activities | $3547 | $3173 | $4421 net cash used for investing activities | -319 (319) | -1518 (1518) | -907 (907) net cash used for financing activities | -3363 (3363) | -1476 (1476) | -3938 (3938) operating activities net cash provided by operating activities increased by $374 million to $3547 million in 2010 as compared to 2009. the increase primarily was attributable to an improvement in our operating working capital balances of $570 million as discussed below, and $187 million related to lower net income tax payments, as compared to 2009. partially offsetting these improvements was a net reduction in cash from operations of $350 million related to our defined benefit pension plan. this reduction was the result of increased contributions to the pension trust of $758 million as compared to 2009, partially offset by an increase in the cas costs recovered on our contracts. operating working capital accounts consists of receivables, inventories, accounts payable, and customer advances and amounts in excess of costs incurred. the improvement in cash provided by operating working capital was due to a decline in 2010 accounts receivable balances compared to 2009, and an increase in 2010 customer advances and amounts in excess of costs incurred balances compared to 2009. these improvements partially were offset by a decline in accounts payable balances in 2010 compared to 2009. the decline in accounts receivable primarily was due to higher collections on various programs at electronic systems, is&gs, and space systems business areas. the increase in customer advances and amounts in excess of costs incurred primarily was attributable to an increase on government and commercial satellite programs at space systems and air mobility programs at aeronautics, partially offset by a decrease on various programs at electronic systems. the decrease in accounts payable was attributable to the timing of accounts payable activities across all segments. net cash provided by operating activities decreased by $1248 million to $3173 million in 2009 as compared to 2008. the decline primarily was attributable to an increase in our contributions to the defined benefit pension plan of $1373 million as compared to 2008 and an increase in our operating working capital accounts of $147 million. partially offsetting these items was the impact of lower net income tax payments in 2009 as compared to 2008 in the amount of $319 million. the decline in cash provided by operating working capital primarily was due to growth of receivables on various programs in the ms2 and gt&l lines of business at electronic systems and an increase in inventories on combat aircraft programs at aeronautics, which partially were offset by increases in customer advances and amounts in excess of costs incurred on government satellite programs at space systems and the timing of accounts payable activities. investing activities capital expenditures 2013 the majority of our capital expenditures relate to facilities infrastructure and equipment that are incurred to support new and existing programs across all of our business segments. we also incur capital expenditures for it to support programs and general enterprise it infrastructure. capital expenditures for property, plant and equipment amounted to $820 million in 2010, $852 million in 2009, and $926 million in 2008. we expect that our operating cash flows will continue to be sufficient to fund our annual capital expenditures over the next few years. acquisitions, divestitures and other activities 2013 acquisition activities include both the acquisition of businesses and investments in affiliates. amounts paid in 2010 of $148 million primarily related to investments in affiliates. we paid $435 million in 2009 for acquisition activities, compared with $233 million in 2008. in 2010, we received proceeds of $798 million from the sale of eig, net of $17 million in transaction costs (see note 2). there were no material divestiture activities in 2009 and 2008. during 2010, we increased our short-term investments by $171 million compared to an increase of $279 million in 2009. financing activities share activity and dividends 2013 during 2010, 2009, and 2008, we repurchased 33.0 million, 24.9 million, and 29.0 million shares of our common stock for $2483 million, $1851 million, and $2931 million. of the shares we repurchased in 2010, 0.9 million shares for $63 million were repurchased in december but settled and were paid for in january 2011. in october 2010, our board of directors approved a new share repurchase program for the repurchase of our common stock from time-to-time, up to an authorized amount of $3.0 billion (see note 12). under the program, we have discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation. we repurchased a total of 11.2 million shares under the program for $776 million, and as of december 31, 2010, there remained $2224 million available for additional share repurchases. in connection with their approval of the new share repurchase program, our board terminated our previous share repurchase program. cash received from the issuance of our common stock in connection with stock option exercises during 2010, 2009, and 2008 totaled $59 million, $40 million, and $250 million. those activities resulted in the issuance of 1.4 million shares, 1.0 million shares, and 4.7 million shares during the respective periods.. what is the net cash from operating and investing activities? 3228.0 what is the net cash from financing activities?

-3363.0

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2010 and 2009.. 2010 | high | low quarter ended march 31 | $44.61 | $40.10 quarter ended june 30 | 45.33 | 38.86 quarter ended september 30 | 52.11 | 43.70 quarter ended december 31 | 53.14 | 49.61 2009 | high | low quarter ended march 31 | $32.53 | $25.45 quarter ended june 30 | 34.52 | 27.93 quarter ended september 30 | 37.71 | 29.89 quarter ended december 31 | 43.84 | 35.03 on february 11, 2011, the closing price of our common stock was $56.73 per share as reported on the nyse. as of february 11, 2011, we had 397612895 outstanding shares of common stock and 463 registered holders. dividends we have not historically paid a dividend on our common stock. payment of dividends in the future, when, as and if authorized by our board of directors, would depend upon many factors, including our earnings and financial condition, restrictions under applicable law and our current and future loan agreements, our debt service requirements, our capital expenditure requirements and other factors that our board of directors may deem relevant from time to time, including the potential determination to elect reit status. in addition, the loan agreement for our revolving credit facility and term loan contain covenants that generally restrict our ability to pay dividends unless certain financial covenants are satisfied. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization, see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. what was the closing price of common stock as of 2/11/11? 56.73 and the high price for the quarter ended 12/31/10? 53.14 and the difference between these two prices?

3.59

jpmorgan chase & co./2007 annual report 31 the following section provides a comparative discussion of jpmorgan chase 2019s consolidated results of operations on a reported basis for the three-year period ended december 31, 2007. factors that relate primarily to a single business segment are discussed in more detail within that business segment than they are in this consolidated sec- tion. for a discussion of the critical accounting estimates used by the firm that affect the consolidated results of operations, see pages 96 201398 of this annual report. revenue. year ended december 31 (in millions) | 2007 | 2006 | 2005 investment banking fees | $6635 | $5520 | $4088 principal transactions | 9015 | 10778 | 8072 lending & deposit-related fees | 3938 | 3468 | 3389 asset management administration and commissions | 14356 | 11855 | 9988 securities gains (losses) | 164 | -543 (543) | -1336 (1336) mortgage fees and related income | 2118 | 591 | 1054 credit card income | 6911 | 6913 | 6754 other income | 1829 | 2175 | 2684 noninterest revenue | 44966 | 40757 | 34693 net interest income | 26406 | 21242 | 19555 total net revenue | $71372 | $61999 | $54248 2007 compared with 2006 total net revenue of $71.4 billion was up $9.4 billion, or 15% (15%), from the prior year. higher net interest income, very strong private equity gains, record asset management, administration and commissions revenue, higher mortgage fees and related income and record investment banking fees contributed to the revenue growth. these increases were offset partially by lower trading revenue. investment banking fees grew in 2007 to a level higher than the pre- vious record set in 2006. record advisory and equity underwriting fees drove the results, partially offset by lower debt underwriting fees. for a further discussion of investment banking fees, which are primarily recorded in ib, see the ib segment results on pages 40 201342 of this annual report. principal transactions revenue consists of trading revenue and private equity gains. trading revenue declined significantly from the 2006 level, primarily due to markdowns in ib of $1.4 billion (net of hedges) on subprime positions, including subprime cdos, and $1.3 billion (net of fees) on leveraged lending funded loans and unfunded commitments. also in ib, markdowns in securitized products on nonsubprime mortgages and weak credit trading performance more than offset record revenue in currencies and strong revenue in both rates and equities. equities benefited from strong client activity and record trading results across all products. ib 2019s credit portfolio results increased compared with the prior year, primarily driven by higher revenue from risk management activities. the increase in private equity gains from 2006 reflected a significantly higher level of gains, the classification of certain private equity carried interest as compensation expense and a fair value adjustment in the first quarter of 2007 on nonpublic private equity investments resulting from the adoption of sfas 157 (201cfair value measurements 201d). for a further discussion of principal transactions revenue, see the ib and corporate segment results on pages 40 201342 and 59 201360, respectively, and note 6 on page 122 of this annual report. lending & deposit-related fees rose from the 2006 level, driven pri- marily by higher deposit-related fees and the bank of new york transaction. for a further discussion of lending & deposit-related fees, which are mostly recorded in rfs, tss and cb, see the rfs segment results on pages 43 201348, the tss segment results on pages 54 201355, and the cb segment results on pages 52 201353 of this annual report. asset management, administration and commissions revenue reached a level higher than the previous record set in 2006. increased assets under management and higher performance and placement fees in am drove the record results. the 18% (18%) growth in assets under management from year-end 2006 came from net asset inflows and market appreciation across all segments: institutional, retail, private bank and private client services. tss also contributed to the rise in asset management, administration and commissions revenue, driven by increased product usage by new and existing clients and market appreciation on assets under custody. finally, commissions revenue increased, due mainly to higher brokerage transaction volume (primarily included within fixed income and equity markets revenue of ib), which more than offset the sale of the insurance business by rfs in the third quarter of 2006 and a charge in the first quarter of 2007 resulting from accelerated surrenders of customer annuities. for additional information on these fees and commissions, see the segment discussions for ib on pages 40 201342, rfs on pages 43 201348, tss on pages 54 201355, and am on pages 56 201358, of this annual report. the favorable variance resulting from securities gains in 2007 compared with securities losses in 2006 was primarily driven by improvements in the results of repositioning of the treasury invest- ment securities portfolio. also contributing to the positive variance was a $234 million gain from the sale of mastercard shares. for a fur- ther discussion of securities gains (losses), which are mostly recorded in the firm 2019s treasury business, see the corporate segment discussion on pages 59 201360 of this annual report. consol idated results of operat ions. what were investment banking fees in 2007?

6635.0

amortized over a nine-year period beginning december 2015. see note 2 to the financial statements for further discussion of the business combination and customer credits. the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage, partially offset by the effect of less favorable weather on residential sales. the increase in industrial usage is primarily due to expansion projects, primarily in the chemicals industry, and increased demand from new customers, primarily in the industrial gases industry. the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc. the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike. see note 3 to the financial statements for additional discussion of the settlement and benefit sharing. included in other is a provision of $23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding, offset by a provision of $32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding. a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding. entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015. amount (in millions). - | amount (in millions) 2015 net revenue | $1666 nuclear realized price changes | -149 (149) rhode island state energy center | -44 (44) nuclear volume | -36 (36) fitzpatrick reimbursement agreement | 41 nuclear fuel expenses | 68 other | -4 (4) 2016 net revenue | $1542 as shown in the table above, net revenue for entergy wholesale commodities decreased by approximately $124 million in 2016 primarily due to: 2022 lower realized wholesale energy prices and lower capacity prices, the amortization of the palisades below- market ppa, and vermont yankee capacity revenue. the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal; 2022 the sale of the rhode island state energy center in december 2015. see note 14 to the financial statements for further discussion of the rhode island state energy center sale; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015. see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis. how much did net revenue change between 2015 and 2016? 124.0 and the percentage change during this time? 0.08042 what were nuclear fuel expenses as a percentage of 2016 net revenue?

0.0441

divestiture of our arrow and moores businesses, and an unfavorable sales mix of international plumbing products, which, in aggregate, decreased sales by two percent. net sales for 2016 were positively affected by increased sales volume of plumbing products, paints and other coating products and builders' hardware. net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows, and net selling price increases of north american windows and north american and international plumbing products. net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products. our gross profit margins were 32.2 percent, 34.2 percent and 33.4 percent in 2018, 2017 and 2016, respectively. the 2018 gross profit margin was negatively impacted by an increase in commodity costs, the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler, an increase in other expenses (such as logistics costs and salaries) and unfavorable sales mix. these negative impacts were partially offset by an increase in net selling prices, the benefits associated with cost savings initiatives, and increased sales volume. the 2017 gross profit margin was positively impacted by increased sales volume, a more favorable relationship between net selling prices and commodity costs, and cost savings initiatives. selling, general and administrative expenses as a percent of sales were 17.7 percent in 2018 compared with 18.6 percent in 2017 and 18.7 percent in 2016. the decrease in selling, general and administrative expenses, as a percentage of sales, was driven by leverage of fixed expenses, due primarily to increased sales volume, and improved cost control. the following table reconciles reported operating profit to operating profit, as adjusted to exclude certain items, dollars in millions:. - | 2018 | 2017 | 2016 operating profit as reported | $1211 | $1194 | $1087 rationalization charges | 14 | 4 | 22 kichler inventory step up adjustment | 40 | 2014 | 2014 operating profit as adjusted | $1265 | $1198 | $1109 operating profit margins as reported | 14.5% (14.5%) | 15.6% (15.6%) | 14.8% (14.8%) operating profit margins as adjusted | 15.1% (15.1%) | 15.7% (15.7%) | 15.1% (15.1%) operating profit margin in 2018 was negatively affected by an increase in commodity costs, the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler and an increase in other expenses (such as logistics costs, salaries and erp costs). these negative impacts were partially offset by increased net selling prices, benefits associated with cost savings initiatives and increased sales volume. operating profit margin in 2017 was positively impacted by increased sales volume, cost savings initiatives, and a more favorable relationship between net selling prices and commodity costs. operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses, including stock-based compensation, health insurance costs, trade show costs and increased head count. due to the recently-announced increase in tariffs on imported materials from china, and assuming tariffs rise to 25 percent in 2019, we could be exposed to approximately $150 million of potential annual direct cost increases. we will work to mitigate the impact of these tariffs through a combination of price increases, supplier negotiations, supply chain repositioning and other internal productivity measures. other income (expense), net other, net, for 2018 included $14 million of net periodic pension and post-retirement benefit cost and $8 million of realized foreign currency losses. these expenses were partially offset by $3 million of earnings related to equity method investments and $1 million related to distributions from private equity funds. other, net, for 2017 included $26 million related to periodic pension and post-retirement benefit costs, $13 million net loss related to the divestitures of moores and arrow and $2 million related to the impairment of a private equity fund, partially offset by $3 million related to distributions from private equity funds and $1 million of earnings related to equity method investments.. what was reporting operating profit in 2018? 1211.0 what was it in 2017? 1194.0 what is the net change?

17.0

abiomed, inc. and subsidiaries notes to consolidated financial statements 2014 (continued) note 14. income taxes (continued) on april 1, 2007, the company adopted financial interpretation fin no. 48, accounting for uncertainty in income taxes 2014an interpretation of fasb statement no. 109 (201cfin no. 48 201d), which clarifies the accounting for uncertainty in income taxes recognized in an enterprise 2019s financial statements in accordance with fasb statement no. 109, accounting for income taxes. fin no. 48 prescribes a recognition threshold and measurement process for recording in the financial statements uncertain tax positions taken or expected to be taken in a tax return. fin no. 48 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition and defines the criteria that must be met for the benefits of a tax position to be recognized. as a result of its adoption of fin no. 48, the company recorded the cumulative effect of the change in accounting principle of $0.3 million as a decrease to opening retained earnings and an increase to other long-term liabilities as of april 1, 2007. this adjustment related to state nexus for failure to file tax returns in various states for the years ended march 31, 2003, 2004, and 2005. the company initiated a voluntary disclosure plan, which it completed in fiscal year 2009. the company elected to recognize interest and/or penalties related to income tax matters in income tax expense in its consolidated statements of operations. as of march 31, 2009, the company had remitted all outstanding amounts owed to each of the states in connection with the outstanding taxes owed at march 31, 2008. as such, the company had no fin no. 48 liability at march 31, 2009. on a quarterly basis, the company accrues for the effects of uncertain tax positions and the related potential penalties and interest. it is reasonably possible that the amount of the unrecognized tax benefit with respect to certain of the unrecognized tax positions will increase or decrease during the next 12 months; however, it is not expected that the change will have a significant effect on the company 2019s results of operations or financial position. a reconciliation of the beginning and ending balance of unrecognized tax benefits, excluding accrued interest recorded at march 31, 2009 (in thousands) is as follows:. balance at march 31 2008 | $168 reductions for tax positions for closing of the applicable statute of limitations | -168 (168) balance at march 31 2009 | $2014 the company and its subsidiaries are subject to u.s. federal income tax, as well as income tax of multiple state and foreign jurisdictions. the company has accumulated significant losses since its inception in 1981. all tax years remain subject to examination by major tax jurisdictions, including the federal government and the commonwealth of massachusetts. however, since the company has net operating loss and tax credit carry forwards which may be utilized in future years to offset taxable income, those years may also be subject to review by relevant taxing authorities if the carry forwards are utilized. note 15. commitments and contingencies the company 2019s acquisition of impella provided that abiomed was required to make contingent payments to impella 2019s former shareholders as follows: 2022 upon fda approval of the impella 2.5 device, a payment of $5583333 2022 upon fda approval of the impella 5.0 device, a payment of $5583333, and 2022 upon the sale of 1000 units of impella 2019s products worldwide, a payment of $5583334. the two milestones related to sales and fda approval of the impella 2.5 device were achieved and paid prior to march 31, 2009. in april 2009, the company received fda 510 (k) clearance of its impella 5.0 product, triggering an obligation to pay the milestone related to the impella 5.0 device. in may 2009, the company paid $1.8 million of this final milestone in cash and elected to pay the remaining amount through the issuance of approximately 664612 shares of common stock.. what was the total of contingent payments related to impella?

16750002.0

the company had net realized capital losses for 2015 of $184.1 million. in 2015, the company recorded $102.2 million of other-than-temporary impairments on fixed maturity securities, $45.6 million of losses due to fair value re-measurements and $36.3 million of net realized capital losses from sales of fixed maturity and equity securities. in 2014, net realized capital gains were $84.0 million due to $121.7 million of gains from fair value re-measurements on fixed maturity and equity securities and $1.9 million of net realized capital gains from sales of fixed maturity and equity securities, partially offset by $39.5 million of other-than- temporary impairments on fixed maturity securities. in 2013, net realized capital gains were $300.2 million due to $258.9 million of gains due to fair value re-measurements on fixed maturity and equity securities and $42.4 million of net realized capital gains from sales of fixed maturity and equity securities, partially offset by $1.1 million of other-than-temporary impairments on fixed maturity securities. the company 2019s cash and invested assets totaled $17.7 billion at december 31, 2015, which consisted of 87.4% (87.4%) fixed maturities and cash, of which 91.4% (91.4%) were investment grade; 8.2% (8.2%) equity securities and 4.4% (4.4%) other invested assets. the average maturity of fixed maturity securities was 4.1 years at december 31, 2015, and their overall duration was 3.0 years. as of december 31, 2015, the company did not have any direct investments in commercial real estate or direct commercial mortgages or any material holdings of derivative investments (other than equity index put option contracts as discussed in item 8, 201cfinancial statements and supplementary data 201d - note 4 of notes to consolidated financial statements) or securities of issuers that are experiencing cash flow difficulty to an extent that the company 2019s management believes could threaten the issuer 2019s ability to meet debt service payments, except where other-than-temporary impairments have been recognized. the company 2019s investment portfolio includes structured commercial mortgage-backed securities (201ccmbs 201d) with a book value of $264.9 million and a market value of $266.3 million. cmbs securities comprising more than 70% (70%) of the december 31, 2015 market value are rated aaa by standard & poor 2019s financial services llc (201cstandard & poor 2019s 201d). furthermore, securities comprising more than 90% (90%) of the market value are rated investment grade by standard & poor 2019s. the following table reflects investment results for the company for the periods indicated:. (dollars in millions) | december 31, average investments (1) | december 31, pre-tax investment income (2) | december 31, pre-tax effective yield | december 31, pre-tax realized net capital (losses) gains (3) | december 31, pre-tax unrealized net capital gains (losses) 2015 | $17430.8 | $473.8 | 2.72% (2.72%) | $-184.1 (184.1) | $-194.0 (194.0) 2014 | 16831.9 | 530.6 | 3.15% (3.15%) | 84.0 | 20.3 2013 | 16472.5 | 548.5 | 3.33% (3.33%) | 300.2 | -467.2 (467.2) 2012 | 16220.9 | 600.2 | 3.70% (3.70%) | 164.4 | 161.0 2011 | 15680.9 | 620.0 | 3.95% (3.95%) | 6.9 | 106.6 pre-tax pre-tax pre-tax pre-tax realized net unrealized net average investment effective capital (losses) capital gains (dollars in millions) investments (1) income (2) yield gains (3) (losses) 17430.8$473.8$2.72% (2.72%) (184.1) $(194.0) $16831.9 530.6 3.15% (3.15%) 84.0 20.3 16472.5 548.5 3.33% (3.33%) 300.2 (467.2) 16220.9 600.2 3.70% (3.70%) 164.4 161.0 15680.9 620.0 3.95% (3.95%) 6.9 106.6 (1) average of the beginning and ending carrying values of investments and cash, less net funds held, future policy benefit reserve, and non-interest bearing cash. bonds, common stock and redeemable and non-redeemable preferred stocks are carried at market value. common stock which are actively managed are carried at fair value. (2) after investment expenses, excluding realized net capital gains (losses). (3) included in 2015, 2014, 2013, 2012 and 2011 are fair value re-measurements of ($45.6) million, $121.7 million, $258.9 million, $118.1 million and ($4.4) million, respectively.. what was the change in the investment income from 2011 to 2012?

-19.8

transaction and commercial issues in many of our businesses. these skills are a valuable resource as we monitor regulatory and tariff schemes to determine our capital budgeting needs and integrate acquisitions. the company expects to realize cost reduction and performance improvement benefits in both earnings and cash flows; however, there can be no assurance that the reductions and improvements will continue and our inability to sustain the reductions and improvements may result in less than expected earnings and cash flows in 2004 and beyond. asset sales during 2003, we continued the initiative to sell all or part of certain of the company 2019s subsidiaries. this initiative was designed to decrease the company 2019s dependence on access to capital markets and improve the strength of our balance sheet by reducing financial leverage and improving liquidity. the following chart details the asset sales that were closed during 2003. sales proceeds project name date completed (in millions) location. project name | date completed | sales proceeds (in millions) | location cilcorp/medina valley | january 2003 | $495 | united states aes ecogen/aes mt. stuart | january 2003 | $59 | australia mountainview | march 2003 | $30 | united states kelvin | march 2003 | $29 | south africa songas | april 2003 | $94 | tanzania aes barry limited | july 2003 | a340/$62 | united kingdom aes haripur private ltd/aes meghnaghat ltd | december 2003 | $145 | bangladesh aes mtkvari/aes khrami/aes telasi | august 2003 | $23 | republic of georgia medway power limited/aes medway operations limited | november 2003 | a347/$78 | united kingdom aes oasis limited | december 2003 | $150 | pakistan/oman the company continues to evaluate its portfolio and business performance and may decide to dispose of additional businesses in the future. however given the improvements in our liquidity there will be a lower emphasis placed on asset sales in the future for purposes of improving liquidity and strengthening the balance sheet. for any sales that happen in the future, there can be no guarantee that the proceeds from such sale transactions will cover the entire investment in the subsidiaries. depending on which businesses are eventually sold, the entire or partial sale of any business may change the current financial characteristics of the company 2019s portfolio and results of operations. furthermore future sales may impact the amount of recurring earnings and cash flows the company would expect to achieve. subsidiary restructuring during 2003, we completed and initiated restructuring transactions for several of our south american businesses. the efforts are focused on improving the businesses long-term prospects for generating acceptable returns on invested capital or extending short-term debt maturities. businesses impacted include eletropaulo, tiete, uruguaiana and sul in brazil and gener in chile. brazil eletropaulo. aes has owned an interest in eletropaulo since april 1998, when the company was privatized. in february 2002 aes acquired a controlling interest in the business and as a consequence started to consolidate it. aes financed a significant portion of the acquisition of eletropaulo, including both common and preferred shares, through loans and deferred purchase price financing arrangements provided by the brazilian national development bank 2014 (2018 2018bndes 2019 2019), and its wholly-owned subsidiary, bndes participac 0327o 0303es s.a. (2018 2018bndespar 2019 2019), to aes 2019s subsidiaries, aes elpa s.a. (2018 2018aes elpa 2019 2019) and aes transgas empreendimentos, s.a. (2018 2018aes transgas 2019 2019).. what was the total, in millions, of sales proceeds for subsidiaries assets in the months of december and august of 2003, combined, in the locations of bangladesh and republic of georgia?

168.0

annual report 2013 duke realty corporation 37 in addition to the capitalization of overhead costs discussed above, we also capitalized $16.8 million, $9.4 million and $4.3 million of interest costs in the years ended december 31, 2013, 2012 and 2011, respectively. the following table summarizes our second generation capital expenditures by reportable operating segment (in thousands):. - | 2013 | 2012 | 2011 industrial | $41971 | $33095 | $34872 office | 46600 | 30092 | 63933 medical office | 3106 | 641 | 410 non-reportable rental operations segments | 121 | 56 | 49 total | $91798 | $63884 | $99264 both our first and second generation expenditures vary significantly between leases on a per square foot basis, dependent upon several factors including the product type, the nature of a tenant's operations, the specific physical characteristics of each individual property as well as the market in which the property is located. second generation expenditures related to the 79 suburban office buildings that were sold in the blackstone office disposition totaled $26.2 million in 2011. dividends and distributions we are required to meet the distribution requirements of the internal revenue code of 1986, as amended (the "code"), in order to maintain our reit status. we paid dividends of $0.68 per common share for each of the years ended december 31, 2013, 2012 and 2011. we expect to continue to distribute at least an amount equal to our taxable earnings, to meet the requirements to maintain our reit status, and additional amounts as determined by our board of directors. 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. at december 31, 2013 we had three series of preferred stock outstanding. the annual dividend rates on our preferred shares range between 6.5% (6.5%) and 6.625% (6.625%) and are paid quarterly in arrears. in february 2013, we redeemed all of our outstanding series o shares for a total payment of $178.0 million, thus reducing our future quarterly dividend commitments by $3.7 million. in march 2012, we redeemed all of our 6.950% (6.950%) series m cumulative redeemable preferred shares ("series m shares") for a total payment of $168.3 million, thus reducing our future quarterly dividend commitments by $2.9 million. in july 2011, we redeemed all of our 7.25% (7.25%) series n cumulative redeemable preferred shares ("series n shares") for a total payment of $108.6 million, thus reducing our future quarterly dividend commitments by $2.0 million. debt maturities debt outstanding at december 31, 2013 had a face value totaling $4.3 billion with a weighted average interest rate of 5.49% (5.49%) and with maturity dates ranging between 2014 and 2028. of this total amount, we had $3.1 billion of unsecured debt, $1.1 billion of secured debt and $88.0 million outstanding on the drlp unsecured line of credit at december 31, 2013. we made scheduled and unscheduled principal payments of $1.0 billion on outstanding debt during the year ended december 31, 2013.. what was the percentage of the total second generation capital expenditures by reportable operating segment that was office related in 2012?

0.47104

we have adequate access to capital markets to meet any foreseeable cash requirements, and we have sufficient financial capacity to satisfy our current liabilities. cash flows millions 2014 2013 2012. cash flowsmillions | 2014 | 2013 | 2012 cash provided by operating activities | $7385 | $6823 | $6161 cash used in investing activities | -4249 (4249) | -3405 (3405) | -3633 (3633) cash used in financing activities | -2982 (2982) | -3049 (3049) | -2682 (2682) net change in cash and cashequivalents | $154 | $369 | $-154 (154) operating activities higher net income in 2014 increased cash provided by operating activities compared to 2013, despite higher income tax payments. 2014 income tax payments were higher than 2013 primarily due to higher income, but also because we paid taxes previously deferred by bonus depreciation (discussed below). higher net income in 2013 increased cash provided by operating activities compared to 2012. in addition, we made payments in 2012 for past wages as a result of national labor negotiations, which reduced cash provided by operating activities in 2012. lower tax benefits from bonus depreciation (as discussed below) partially offset the increases. federal tax law provided for 100% (100%) bonus depreciation for qualified investments made during 2011 and 50% (50%) bonus depreciation for qualified investments made during 2012-2013. as a result, the company deferred a substantial portion of its 2011-2013 income tax expense, contributing to the positive operating cash flow in those years. congress extended 50% (50%) bonus depreciation for 2014, but this extension occurred in december and did not have a significant benefit on our income tax payments during 2014. investing activities higher capital investments, including the early buyout of the long-term operating lease of our headquarters building for approximately $261 million, drove the increase in cash used in investing activities compared to 2013. significant investments also were made for new locomotives, freight cars and containers, and capacity and commercial facility projects. capital investments in 2014 also included $99 million for the early buyout of locomotives and freight cars under long-term operating leases, which we exercised due to favorable economic terms and market conditions. lower capital investments in locomotives and freight cars in 2013 drove the decrease in cash used in investing activities compared to 2012. included in capital investments in 2012 was $75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012, which we exercised due to favorable economic terms and market conditions.. what was the value included in the capital investments for buyout of locomotives in 2012, in dollars? 75000000.0 and how many locomotives were bought with that value?

165.0

n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 (continued) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years. for the years ended december 31, 2010, 2009, and 2008, the potential anti-dilutive share conversions were 256868 shares, 1230881 shares, and 638401 shares, respectively. 19. related party transactions the ace foundation 2013 bermuda is an unconsolidated not-for-profit organization whose primary purpose is to fund charitable causes in bermuda. the trustees are principally comprised of ace management. the company maintains a non-interest bear- ing demand note receivable from the ace foundation 2013 bermuda, the balance of which was $30 million and $31 million, at december 31, 2010 and 2009, respectively. the receivable is included in other assets in the accompanying consolidated balance sheets. the borrower has used the related proceeds to finance investments in bermuda real estate, some of which have been rented to ace employees at rates established by independent, professional real estate appraisers. the borrower uses income from the investments to both repay the note and to fund charitable activities. accordingly, the company reports the demand note at the lower of its principal value or the fair value of assets held by the borrower to repay the loan, including the real estate properties. 20. statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate. these regulations include restrictions that limit the amount of dividends or other distributions, such as loans or cash advances, available to shareholders without prior approval of the insurance regulatory authorities. there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries. the company 2019s u.s. subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators. statutory accounting differs from gaap in the reporting of certain reinsurance contracts, investments, subsidiaries, acquis- ition expenses, fixed assets, deferred income taxes, and certain other items. the statutory capital and surplus of the u.s. subsidiaries met regulatory requirements for 2010, 2009, and 2008. the amount of dividends available to be paid in 2011, without prior approval from the state insurance departments, totals $850 million. the following table presents the combined statutory capital and surplus and statutory net income of the bermuda and u.s. subsidiaries at and for the years ended december 31, 2010, 2009, and 2008.. (in millions of u.s. dollars) | bermuda subsidiaries 2010 | bermuda subsidiaries 2009 | bermuda subsidiaries 2008 | bermuda subsidiaries 2010 | bermuda subsidiaries 2009 | 2008 statutory capital and surplus | $11798 | $9164 | $6205 | $6266 | $5885 | $5368 statutory net income | $2430 | $2369 | $2196 | $1047 | $904 | $818 as permitted by the restructuring discussed previously in note 7, certain of the company 2019s u.s. subsidiaries discount certain a&e liabilities, which increased statutory capital and surplus by approximately $206 million, $215 million, and $211 million at december 31, 2010, 2009, and 2008, respectively. the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations. some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements. in some countries, the company must obtain licenses issued by governmental authorities to conduct local insurance business. these licenses may be subject to reserves and minimum capital and solvency tests. jurisdictions may impose fines, censure, and/or criminal sanctions for violation of regulatory requirements.. what was the amount of statutory capital and surplus for bermuda subsidiaries in 2010? 11798.0 and what was it in 2009?

9164.0

the table below details cash capital investments for the years ended december 31, 2006, 2005, and 2004. millions of dollars 2006 2005 2004. millions of dollars | 2006 | 2005 | 2004 track | $1487 | $1472 | $1328 capacity and commercial facilities | 510 | 509 | 347 locomotives and freight cars | 135 | 98 | 125 other | 110 | 90 | 76 total | $2242 | $2169 | $1876 in 2007, we expect our total capital investments to be approximately $3.2 billion, which may include long- term leases. these investments will be used to maintain track and structures, continue capacity expansions on our main lines in constrained corridors, remove bottlenecks, upgrade and augment equipment to better meet customer needs, build and improve facilities and terminals, and develop and implement new technologies. we designed these investments to maintain infrastructure for safety, enhance customer service, promote growth, and improve operational fluidity. we expect to fund our 2007 cash capital investments through cash generated from operations, the sale or lease of various operating and non-operating properties, and cash on hand at december 31, 2006. we expect that these sources will continue to provide sufficient funds to meet our expected capital requirements for 2007. for the years ended december 31, 2006, 2005, and 2004, our ratio of earnings to fixed charges was 4.4, 2.9, and 2.1, respectively. the increases in 2006 and 2005 were driven by higher net income. the ratio of earnings to fixed charges was computed on a consolidated basis. earnings represent income from continuing operations, less equity earnings net of distributions, plus fixed charges and income taxes. fixed charges represent interest charges, amortization of debt discount, and the estimated amount representing the interest portion of rental charges. see exhibit 12 for the calculation of the ratio of earnings to fixed charges. financing activities credit facilities 2013 on december 31, 2006, we had $2 billion in revolving credit facilities available, including $1 billion under a five-year facility expiring in march 2009 and $1 billion under a five-year facility expiring in march 2010 (collectively, the "facilities"). the facilities are designated for general corporate purposes and support the issuance of commercial paper. neither of the facilities were drawn on in 2006. commitment fees and interest rates payable under the facilities are similar to fees and rates available to comparably rated investment-grade borrowers. these facilities allow for borrowings at floating rates based on london interbank offered rates, plus a spread, depending upon our senior unsecured debt ratings. the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio. at december 31, 2006, we were in compliance with these covenants. the facilities do not include any other financial restrictions, credit rating triggers (other than rating-dependent pricing), or any other provision that could require the posting of collateral. in addition to our revolving credit facilities, we had $150 million in uncommitted lines of credit available, including $75 million that expires in march 2007 and $75 million expiring in may 2007. neither of these lines of credit were used as of december 31, 2006. we must have equivalent credit available under our five-year facilities to draw on these $75 million lines. dividends 2013 on january 30, 2007, we increased the quarterly dividend to $0.35 per share, payable beginning on april 2, 2007, to shareholders of record on february 28, 2007. we expect to fund the increase in the quarterly dividend through cash generated from operations, the sale or lease of various operating and non-operating properties, and cash on hand at december 31, 2006. dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under our credit facilities. retained earnings available. what was the percentage of the total investments amount attributable to the track in 2006? 0.66325 what was the anticipated change in the capital investment between 2006 and 2007?

-2238.8

market price and dividends d u k e r e a l t y c o r p o r a t i o n 3 8 2 0 0 2 a n n u a l r e p o r t the company 2019s common shares are listed for trading on the new york stock exchange, symbol dre. the following table sets forth the high and low sales prices of the common stock for the periods indicated and the dividend paid per share during each such period. comparable cash dividends are expected in the future. on january 29, 2003, the company declared a quarterly cash dividend of $.455 per share, payable on february 28, 2003, to common shareholders of record on february 14, 2003.. quarter ended | 2002 high | 2002 low | 2002 dividend | 2002 high | 2002 low | dividend december 31 | $25.84 | $21.50 | $.455 | $24.80 | $22.00 | $.45 september 30 | 28.88 | 21.40 |.455 | 26.17 | 21.60 |.45 june 30 | 28.95 | 25.46 |.450 | 24.99 | 22.00 |.43 march 31 | 26.50 | 22.92 |.450 | 25.44 | 21.85 |.43 . what was the cash dividend per share in the last quarter of 2002? 0.455 and what was it in the first quarter? 0.45 what was, then, the change in that cash dividend throughout 2002? 0.005 and how much does this change represent in relation in relation to that cash dividend in the first quarter?

0.01111

the following graph compares the cumulative 5-year total return to shareholders of cadence design systems, inc. 2019s common stock relative to the cumulative total returns of the s & p 500 index, the nasdaq composite index and the s & p information technology index. the graph assumes that the value of the investment in the company 2019s common stock and in each of the indexes (including reinvestment of dividends) was $100 on december 29, 2001 and tracks it through december 30, 2006. comparison of 5 year cumulative total return* among cadence design systems, inc., the s & p 500 index, the nasdaq composite index and the s & p information technology index 12/30/0612/31/051/1/051/3/0412/28/0212/29/01 cadence design systems, inc. nasdaq composite s & p information technology s & p 500 * $100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends. indexes calculated on month-end basis. copyright b7 2007, standard & poor 2019s, a division of the mcgraw-hill companies, inc. all rights reserved. www.researchdatagroup.com/s&p.htm december 29, december 28, january 3, january 1, december 31, december 30. - | december 29 2001 | december 28 2002 | january 3 2004 | january 1 2005 | december 31 2005 | december 30 2006 cadence design systems inc. | 100.00 | 54.38 | 81.52 | 61.65 | 75.54 | 79.96 s & p 500 | 100.00 | 77.90 | 100.24 | 111.15 | 116.61 | 135.03 nasdaq composite | 100.00 | 71.97 | 107.18 | 117.07 | 120.50 | 137.02 s & p information technology | 100.00 | 62.59 | 92.14 | 94.50 | 95.44 | 103.47 . what was the performance value of the cadence design systems inc in 2004? 81.52 what was, then, the change in its performance value, considering 2004 and the original amount invested in it in 2001? -18.48 and how much does this change represent in relation to that original amount invested?

-0.1848

jpmorgan chase & co./2007 annual report 31 the following section provides a comparative discussion of jpmorgan chase 2019s consolidated results of operations on a reported basis for the three-year period ended december 31, 2007. factors that relate primarily to a single business segment are discussed in more detail within that business segment than they are in this consolidated sec- tion. for a discussion of the critical accounting estimates used by the firm that affect the consolidated results of operations, see pages 96 201398 of this annual report. revenue. year ended december 31 (in millions) | 2007 | 2006 | 2005 investment banking fees | $6635 | $5520 | $4088 principal transactions | 9015 | 10778 | 8072 lending & deposit-related fees | 3938 | 3468 | 3389 asset management administration and commissions | 14356 | 11855 | 9988 securities gains (losses) | 164 | -543 (543) | -1336 (1336) mortgage fees and related income | 2118 | 591 | 1054 credit card income | 6911 | 6913 | 6754 other income | 1829 | 2175 | 2684 noninterest revenue | 44966 | 40757 | 34693 net interest income | 26406 | 21242 | 19555 total net revenue | $71372 | $61999 | $54248 2007 compared with 2006 total net revenue of $71.4 billion was up $9.4 billion, or 15% (15%), from the prior year. higher net interest income, very strong private equity gains, record asset management, administration and commissions revenue, higher mortgage fees and related income and record investment banking fees contributed to the revenue growth. these increases were offset partially by lower trading revenue. investment banking fees grew in 2007 to a level higher than the pre- vious record set in 2006. record advisory and equity underwriting fees drove the results, partially offset by lower debt underwriting fees. for a further discussion of investment banking fees, which are primarily recorded in ib, see the ib segment results on pages 40 201342 of this annual report. principal transactions revenue consists of trading revenue and private equity gains. trading revenue declined significantly from the 2006 level, primarily due to markdowns in ib of $1.4 billion (net of hedges) on subprime positions, including subprime cdos, and $1.3 billion (net of fees) on leveraged lending funded loans and unfunded commitments. also in ib, markdowns in securitized products on nonsubprime mortgages and weak credit trading performance more than offset record revenue in currencies and strong revenue in both rates and equities. equities benefited from strong client activity and record trading results across all products. ib 2019s credit portfolio results increased compared with the prior year, primarily driven by higher revenue from risk management activities. the increase in private equity gains from 2006 reflected a significantly higher level of gains, the classification of certain private equity carried interest as compensation expense and a fair value adjustment in the first quarter of 2007 on nonpublic private equity investments resulting from the adoption of sfas 157 (201cfair value measurements 201d). for a further discussion of principal transactions revenue, see the ib and corporate segment results on pages 40 201342 and 59 201360, respectively, and note 6 on page 122 of this annual report. lending & deposit-related fees rose from the 2006 level, driven pri- marily by higher deposit-related fees and the bank of new york transaction. for a further discussion of lending & deposit-related fees, which are mostly recorded in rfs, tss and cb, see the rfs segment results on pages 43 201348, the tss segment results on pages 54 201355, and the cb segment results on pages 52 201353 of this annual report. asset management, administration and commissions revenue reached a level higher than the previous record set in 2006. increased assets under management and higher performance and placement fees in am drove the record results. the 18% (18%) growth in assets under management from year-end 2006 came from net asset inflows and market appreciation across all segments: institutional, retail, private bank and private client services. tss also contributed to the rise in asset management, administration and commissions revenue, driven by increased product usage by new and existing clients and market appreciation on assets under custody. finally, commissions revenue increased, due mainly to higher brokerage transaction volume (primarily included within fixed income and equity markets revenue of ib), which more than offset the sale of the insurance business by rfs in the third quarter of 2006 and a charge in the first quarter of 2007 resulting from accelerated surrenders of customer annuities. for additional information on these fees and commissions, see the segment discussions for ib on pages 40 201342, rfs on pages 43 201348, tss on pages 54 201355, and am on pages 56 201358, of this annual report. the favorable variance resulting from securities gains in 2007 compared with securities losses in 2006 was primarily driven by improvements in the results of repositioning of the treasury invest- ment securities portfolio. also contributing to the positive variance was a $234 million gain from the sale of mastercard shares. for a fur- ther discussion of securities gains (losses), which are mostly recorded in the firm 2019s treasury business, see the corporate segment discussion on pages 59 201360 of this annual report. consol idated results of operat ions. what was the change in investment banking fees from 2005 to 2006? 1432.0 and how much does this change represent in relation to those fees in 2005, in percentage?

0.35029

republic services, inc. notes to consolidated financial statements 2014 (continued) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan. the plan allows participants to purchase our common stock for 95% (95%) of its quoted market price on the last day of each calendar quarter. for the years ended december 31, 2017, 2016 and 2015, issuances under this plan totaled 113941 shares, 130085 shares and 141055 shares, respectively. as of december 31, 2017, shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $1.8 million for the purchase of common stock. 12. stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31, 2017 and 2016 follows (in millions except per share amounts):. - | 2017 | 2016 number of shares repurchased | 9.6 | 8.4 amount paid | $610.7 | $403.8 weighted average cost per share | $63.84 | $48.56 as of december 31, 2017, there were 0.5 million repurchased shares pending settlement and $33.8 million was unpaid and included within other accrued liabilities. in october 2017, our board of directors added $2.0 billion to the existing share repurchase authorization that now extends through december 31, 2020. before this, $98.4 million remained under a prior authorization. share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws. while the board of directors has approved the program, the timing of any purchases, the prices and the number of shares of common stock to be purchased will be determined by our management, at its discretion, and will depend upon market conditions and other factors. the share repurchase program may be extended, suspended or discontinued at any time. as of december 31, 2017, the remaining authorized purchase capacity under our october 2017 repurchase program was $1.8 billion. in december 2015, our board of directors changed the status of 71272964 treasury shares to authorized and unissued. in doing so, the number of our issued shares was reduced by the stated amount. our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital. the change in unissued shares resulted in a reduction of $2295.3 million in treasury stock, $0.6 million in common stock, and $2294.7 million in additional paid-in capital. there was no effect on our total stockholders 2019 equity position as a result of the change. dividends in october 2017, our board of directors approved a quarterly dividend of $0.345 per share. cash dividends declared were $446.3 million, $423.8 million and $404.3 million for the years ended december 31, 2017, 2016 and 2015, respectively. as of december 31, 2017, we recorded a quarterly dividend payable of $114.4 million to shareholders of record at the close of business on january 2, 2018. 13. earnings per share basic earnings per share is computed by dividing net income attributable to republic services, inc. by the weighted average number of common shares (including vested but unissued rsus) outstanding during the. what is the weighted average cost per share in 2017? 63.84 what about in 2016? 48.56 what is the net change? 15.28 what is the weighted average cost per share in 2016? 48.56 what percentage change does this represent?

0.31466

impairment net unrealized losses on securities available for sale were as follows as of december 31:. (in millions) | 2009 | 2008 fair value | $72699 | $54163 amortized cost | 74843 | 60786 net unrealized loss pre-tax | $-2144 (2144) | $-6623 (6623) net unrealized loss after-tax | $-1316 (1316) | $-4057 (4057) the above net unrealized loss amounts at december 31, 2009 and december 31, 2008 excluded the remaining net unrealized loss of $1.01 billion, or $635 million after-tax, and $2.27 billion, or $1.39 billion after- tax, respectively, related to reclassifications of securities available for sale to securities held to maturity. these after-tax amounts are recorded in other comprehensive income. the decline in the remaining after-tax unrealized loss amounts related to transferred securities resulted from amortization and from the recognition of losses from other-than-temporary impairment on certain of the securities. we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists. to the extent that other-than-temporary impairment is identified, the impairment is broken into a credit component and a non-credit component. the credit component is recognized in our consolidated statement of income, and the non-credit component is recognized in other comprehensive income to the extent that management does not intend to sell the security (see note 3 of the notes to consolidated financial statements included under item 8). the assessment of other-than-temporary impairment involves an evaluation of economic and security- specific factors, which are more fully described in note 3. such factors are based upon estimates, derived by management, which contemplate current market conditions and security-specific performance. to the extent that market conditions are worse than management 2019s expectations, other-than-temporary impairment could increase, in particular the credit component that would be recognized in our consolidated statement of income. national housing prices, according to the case-shiller national hpi, have declined to date approximately 30% (30%) peak-to-current. management currently estimates that national housing prices will continue to decline and bottom out during the second half of 2010, consistent with a peak-to-trough housing price decline of approximately 37% (37%). as an indication of the sensitivity of our portfolio with respect to our more significant assumptions underlying our assessment of impairment, if we were to increase our default estimates to 110% (110%) of management 2019s current expectations with a corresponding slowing of prepayment speeds to 90% (90%) of management 2019s current expectations, credit-related other-than-temporary impairment could increase by approximately $120 million to $125 million, which impairment would be recorded in our consolidated statement of income. excluding the securities for which other-than-temporary impairment was recorded, management considers the aggregate decline in fair value of the remaining securities and the resulting net unrealized losses to be temporary and not the result of any material changes in the credit characteristics of the securities. additional information about our assessment of impairment is provided in note 3 of the notes to consolidated financial statements included under item 8.. what was the change in amortized cost in 2009? 14057.0 so what was the percentage change during this time? 0.23125 what is the amortized cost as a percentage of the fair value of securities in 2009?

1.02949

management 2019s discussion and analysis of financial condition and results of operations 2013 (continued) (amounts in millions, except per share amounts) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity, capital resources and uses of capital.. cash flow data | years ended december 31, 2015 | years ended december 31, 2014 | years ended december 31, 2013 net income adjusted to reconcile net income to net cashprovided by operating activities1 | $848.2 | $831.2 | $598.4 net cash used in working capital2 | -117.5 (117.5) | -131.1 (131.1) | -9.6 (9.6) changes in other non-current assets and liabilities using cash | -56.7 (56.7) | -30.6 (30.6) | 4.1 net cash provided by operating activities | $674.0 | $669.5 | $592.9 net cash used in investing activities | -202.8 (202.8) | -200.8 (200.8) | -224.5 (224.5) net cash used in financing activities | -472.8 (472.8) | -343.9 (343.9) | -1212.3 (1212.3) 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets, amortization of restricted stock and other non-cash compensation, non-cash (gain) loss related to early extinguishment of debt, losses on sales of businesses and deferred income taxes. 2 reflects changes in accounts receivable, expenditures billable to clients, other current assets, accounts payable and accrued liabilities. operating activities net cash provided by operating activities during 2015 was $674.0, which was an improvement of $4.5 as compared to 2014, primarily as a result of an improvement in working capital usage of $13.6. due to the seasonality of our business, we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year, with the largest impacts in the first and fourth quarters. our net working capital usage in 2015 was primarily attributable to our media businesses. net cash provided by operating activities during 2014 was $669.5, which was an improvement of $76.6 as compared to 2013, primarily as a result of an increase in net income, offset by an increase in working capital usage of $121.5. our net working capital usage in 2014 was impacted by our media businesses. the timing of media buying on behalf of our clients affects our working capital and operating cash flow. in most of our businesses, our agencies enter into commitments to pay production and media costs on behalf of clients. to the extent possible, we pay production and media charges after we have received funds from our clients. the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable, expenditures billable to clients, accounts payable and accrued liabilities. our assets include both cash received and accounts receivable from clients for these pass-through arrangements, while our liabilities include amounts owed on behalf of clients to media and production suppliers. our accrued liabilities are also affected by the timing of certain other payments. for example, while annual cash incentive awards are accrued throughout the year, they are generally paid during the first quarter of the subsequent year. investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $161.1, largely attributable to purchases of leasehold improvements and computer hardware. net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions. capital expenditures of $148.7 related primarily to computer hardware and software and leasehold improvements. we made payments of $67.8 related to acquisitions completed during 2014, net of cash acquired.. what is the combined total of the net cash provided by operating activities and the one used in investing activities? 471.2 what was the net cash used in financing activities? -472.8 including this net cash, what then becomes that total?

-1.6

the defined benefit pension plans 2019 trust and $130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008. in 2007, we expect to make no contributions to the defined benefit pension plans and expect to contribute $175 million to the retiree medical and life insurance plans, after giving consideration to the 2006 prepayments. the following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: (in millions) pension benefits benefits. (in millions) | pensionbenefits | otherbenefits 2007 | $1440 | $260 2008 | 1490 | 260 2009 | 1540 | 270 2010 | 1600 | 270 2011 | 1660 | 270 years 2012 2013 2016 | 9530 | 1260 as noted previously, we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits. the aggregate liabilities for these plans at december 31, 2006 were $641 million. the expense associated with these plans totaled $59 million in 2006, $58 million in 2005 and $61 million in 2004. we also sponsor a small number of foreign benefit plans. the liabilities and expenses associated with these plans are not material to our results of operations, financial position or cash flows. note 13 2013 leases our total rental expense under operating leases was $310 million, $324 million and $318 million for 2006, 2005 and 2004, respectively. future minimum lease commitments at december 31, 2006 for all operating leases that have a remaining term of more than one year were $1.1 billion ($288 million in 2007, $254 million in 2008, $211 million in 2009, $153 million in 2010, $118 million in 2011 and $121 million in later years). certain major plant facilities and equipment are furnished by the u.s. government under short-term or cancelable arrangements. note 14 2013 legal proceedings, commitments and contingencies we are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment. we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole. we cannot predict the outcome of legal proceedings with certainty. these matters include the following items, all of which have been previously reported: on march 27, 2006, we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio. the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology. we are cooperating with the government 2019s investigation. on february 6, 2004, we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs (past and future) related to our former facility in redlands, california. we submitted the claim consistent with a claim sponsorship agreement with the boeing company (boeing), executed in 2001, in boeing 2019s role as the prime contractor on the short range attack missile (sram) program. the contract for the sram program, which formed a significant portion of our work at the redlands facility, had special contractual indemnities from the u.s. air force, as authorized by public law 85-804. on august 31, 2004, the united states denied the claim. our appeal of that decision is pending with the armed services board of contract appeals. on august 28, 2003, the department of justice (the doj) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky, united states ex rel. natural resources defense council, et al v. lockheed martin corporation, et al, and united states ex rel. john d. tillson v. lockheed martin energy systems, inc., et al. the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling, storing. what is the total operating leases that have a remaining term of more than one year, in billions? 1.1 what about in millions? 1100.0 what amount is due in 2007?

288.0

we hold an interest rate swap agreement to hedge the benchmark interest rate of our $375 million 5.0% (5.0%) senior unsecured notes due july 1, 2014. the effect of the swap is to convert our 5.0% (5.0%) fixed interest rate to a variable interest rate based on the three-month libor plus 2.05% (2.05%) (2.42% (2.42%) as of october 29, 2011). in addition, we have a term loan facility of $145 million that bears interest at a fluctuating rate for each period equal to the libor rate corresponding with the tenor of the interest period plus a spread of 1.25% (1.25%) (1.61% (1.61%) as of october 29, 2011). if libor increases by 100 basis points, our annual interest expense would increase by approximately $5 million. however, this hypothetical change in interest rates would not impact the interest expense on our $375 million of 3% (3%) fixed-rate debt, which is not hedged. as of october 30, 2010, a similar 100 basis point increase in libor would have resulted in an increase of approximately $4 million to our annual interest expense. foreign currency exposure as more fully described in note 2i in the notes to consolidated financial statements contained in item 8 of this annual report on form 10-k, we regularly hedge our non-u.s. dollar-based exposures by entering into forward foreign currency exchange contracts. the terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months. currently, our largest foreign currency exposure is the euro, primarily because our european operations have the highest proportion of our local currency denominated expenses. relative to foreign currency exposures existing at october 29, 2011 and october 30, 2010, a 10% (10%) unfavorable movement in foreign currency exchange rates over the course of the year would expose us to approximately $6 million in losses in earnings or cash flows. the market risk associated with our derivative instruments results from currency exchange rates that are expected to offset the market risk of the underlying transactions, assets and liabilities being hedged. the counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings. based on the credit ratings of our counterparties as of october 29, 2011, we do not believe that there is significant risk of nonperformance by them. while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions, they do not represent the amount of our exposure to credit risk. the amounts potentially subject to credit risk (arising from the possible inability of counterparties to meet the terms of their contracts) are generally limited to the amounts, if any, by which the counterparties 2019 obligations under the contracts exceed our obligations to the counterparties. the following table illustrates the effect that a 10% (10%) unfavorable or favorable movement in foreign currency exchange rates, relative to the u.s. dollar, would have on the fair value of our forward exchange contracts as of october 29, 2011 and october 30, 2010:. - | october 29 2011 | october 30 2010 fair value of forward exchange contracts asset | $2472 | $7256 fair value of forward exchange contracts after a 10% (10%) unfavorable movement in foreign currency exchange rates asset | $17859 | $22062 fair value of forward exchange contracts after a 10% (10%) favorable movement in foreign currency exchange rates liability | $-13332 (13332) | $-7396 (7396) fair value of forward exchange contracts after a 10% (10%) unfavorable movement in foreign currency exchange rates asset................. $17859 $22062 fair value of forward exchange contracts after a 10% (10%) favorable movement in foreign currency exchange rates liability....................... $(13332) $(7396) the calculation assumes that each exchange rate would change in the same direction relative to the u.s. dollar. in addition to the direct effects of changes in exchange rates, such changes typically affect the volume of sales or the foreign currency sales price as competitors 2019 products become more or less attractive. our sensitivity analysis of the effects of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency selling prices.. what is the net change fair value of forward exchange contracts asset from 2010 to 2011?

-4784.0

long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31, 2013 included the following: (in millions) maturity amount unamortized discount carrying value fair value. (in millions) | maturity amount | unamortized discount | carrying value | fair value 3.50% (3.50%) notes due 2014 | $1000 | $2014 | $1000 | $1029 1.375% (1.375%) notes due 2015 | 750 | 2014 | 750 | 759 6.25% (6.25%) notes due 2017 | 700 | -2 (2) | 698 | 812 5.00% (5.00%) notes due 2019 | 1000 | -2 (2) | 998 | 1140 4.25% (4.25%) notes due 2021 | 750 | -3 (3) | 747 | 799 3.375% (3.375%) notes due 2022 | 750 | -4 (4) | 746 | 745 total long-term borrowings | $4950 | $-11 (11) | $4939 | $5284 long-term borrowings at december 31, 2012 had a carrying value of $5.687 billion and a fair value of $6.275 billion determined using market prices at the end of december 2012. 2015 and 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities including $750 million of 1.375% (1.375%) notes maturing in june 2015 (the 201c2015 notes 201d) and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2015 notes and the 2022 notes of approximately $10 million and $25 million per year, respectively, is payable semi-annually on june 1 and december 1 of each year, which commenced december 1, 2012. the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2015 and 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the 2015 notes and 2022 notes were issued at a discount of $5 million that is being amortized over the term of the notes. the company incurred approximately $7 million of debt issuance costs, which are being amortized over the respective terms of the 2015 notes and 2022 notes. at december 31, 2013, $5 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2013 and 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes (201c2013 floating rate notes 201d), which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. (201cmerrill lynch 201d). interest on the 4.25% (4.25%) notes due in 2021 (201c2021 notes 201d) is payable semi-annually on may 24 and november 24 of each year, which commenced november 24, 2011, and is approximately $32 million per year. the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 2021 notes were issued at a discount of $4 million that is being amortized over the term of the notes. the company incurred approximately $7 million of debt issuance costs for the $1.5 billion note issuances, which are being amortized over the respective terms of the notes. at december 31, 2013, $3 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. in may 2011, in conjunction with the issuance of the 2013 floating rate notes, the company entered into a $750 million notional interest rate swap maturing in 2013 to hedge the future cash flows of its obligation at a fixed rate of 1.03% (1.03%). during the second quarter of 2013, the interest rate swap matured and the 2013 floating rate notes were fully repaid. 2012, 2014 and 2019 notes. in december 2009, the company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations. these notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% (2.25%) notes, which were repaid in december 2012, $1.0 billion of 3.50% (3.50%) notes and $1.0 billion of 5.0% (5.0%) notes maturing in december 2014 and 2019, respectively. net proceeds of this offering were used to repay borrowings under the cp program, which was used to finance a portion of the acquisition of barclays global investors (201cbgi 201d) from barclays on december 1, 2009 (the 201cbgi transaction 201d), and for general corporate purposes. interest on the 2014 notes and 2019 notes of approximately $35 million and $50 million per year, respectively, is payable semi-annually in arrears on june 10 and december 10 of each year. these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. these notes were issued collectively at a discount of $5 million, which is being amortized over the respective terms of the notes. the company incurred approximately $13 million of debt issuance costs, which are being amortized over the respective terms of these notes. at december 31, 2013, $4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2017 notes. in september 2007, the company issued $700 million in aggregate principal amount of 6.25% (6.25%) senior unsecured and unsubordinated notes maturing on september 15, 2017 (the 201c2017 notes 201d). a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund of funds business of quellos and the remainder was used for general corporate purposes. interest is payable semi-annually in arrears on march 15 and september 15 of each year, or approximately $44 million per year. the 2017 notes may be redeemed prior. what is the difference between the fair and the carrying value of all notes? 345.0 and what was that carrying value for only the notes due in 2014?

1000.0

the analysis of our depreciation studies. changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively. under group depreciation, the historical cost (net of salvage) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized. the historical cost of certain track assets is estimated using (i) inflation indices published by the bureau of labor statistics and (ii) the estimated useful lives of the assets as determined by our depreciation studies. the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes. because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired, we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate. in addition, we determine if the recorded amount of accumulated depreciation is deficient (or in excess) of the amount indicated by our depreciation studies. any deficiency (or excess) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets. for retirements of depreciable railroad properties that do not occur in the normal course of business, a gain or loss may be recognized if the retirement meets each of the following three conditions: (i) is unusual, (ii) is material in amount, and (iii) varies significantly from the retirement profile identified through our depreciation studies. a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations. when we purchase an asset, we capitalize all costs necessary to make the asset ready for its intended use. however, many of our assets are self-constructed. a large portion of our capital expenditures is for replacement of existing track assets and other road properties, which is typically performed by our employees, and for track line expansion and other capacity projects. costs that are directly attributable to capital projects (including overhead costs) are capitalized. direct costs that are capitalized as part of self- constructed assets include material, labor, and work equipment. indirect costs are capitalized if they clearly relate to the construction of the asset. general and administrative expenditures are expensed as incurred. normal repairs and maintenance are also expensed as incurred, while costs incurred that extend the useful life of an asset, improve the safety of our operations or improve operating efficiency are capitalized. these costs are allocated using appropriate statistical bases. total expense for repairs and maintenance incurred was $2.4 billion for 2014, $2.3 billion for 2013, and $2.1 billion for 2012. assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease. amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease. 13. accounts payable and other current liabilities dec. 31, dec. 31, millions 2014 2013. millions | dec. 31 2014 | dec. 312013 accounts payable | $877 | $803 dividends payable | 438 | 356 income and other taxes payable | 412 | 491 accrued wages and vacation | 409 | 385 accrued casualty costs | 249 | 207 interest payable | 178 | 169 equipment rents payable | 100 | 96 other | 640 | 579 total accounts payable and othercurrent liabilities | $3303 | $3086 . what was the total expense for repairs and maintenance incurred in 2013? 2.3 and in 2012?

2.1

part ii item 5 2014market for registrant 2019s common equity and related stockholder matters market information. the common stock of the company is currently traded on the new york stock exchange (nyse) under the symbol 2018 2018aes. 2019 2019 the following tables set forth the high and low sale prices for the common stock as reported by the nyse for the periods indicated. price range of common stock. 2002 first quarter | high $17.84 | low $4.11 | 2001 first quarter | high $60.15 | low $41.30 second quarter | 9.17 | 3.55 | second quarter | 52.25 | 39.95 third quarter | 4.61 | 1.56 | third quarter | 44.50 | 12.00 fourth quarter | 3.57 | 0.95 | fourth quarter | 17.80 | 11.60 holders. as of march 3, 2003, there were 9663 record holders of the company 2019s common stock, par value $0.01 per share. dividends. under the terms of the company 2019s senior secured credit facilities entered into with a commercial bank syndicate, the company is not allowed to pay cash dividends. in addition, the company is precluded from paying cash dividends on its common stock under the terms of a guaranty to the utility customer in connection with the aes thames project in the event certain net worth and liquidity tests of the company are not met. the ability of the company 2019s project subsidiaries to declare and pay cash dividends to the company is subject to certain limitations in the project loans, governmental provisions and other agreements entered into by such project subsidiaries. securities authorized for issuance under equity compensation plans. see the information contained under the caption 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on may 1, 2003, which information is incorporated herein by reference.. what was the variance in the price of common stock from low to high in the first quarter of 2002? 13.73 what was the high price of common stock in the first quarter of 2001?

60.15

december 31, 2011, the company recognized a decrease of $3 million of tax-related interest and penalties and had approximately $16 million accrued at december 31, 2011. note 12 derivative instruments and fair value measurements the company is exposed to certain market risks such as changes in interest rates, foreign currency exchange rates, and commodity prices, which exist as a part of its ongoing business operations. management uses derivative financial and commodity instruments, including futures, options, and swaps, where appropriate, to manage these risks. instruments used as hedges must be effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the contract. the company designates derivatives as cash flow hedges, fair value hedges, net investment hedges, and uses other contracts to reduce volatility in interest rates, foreign currency and commodities. as a matter of policy, the company does not engage in trading or speculative hedging transactions. total notional amounts of the company 2019s derivative instruments as of december 28, 2013 and december 29, 2012 were as follows:. (millions) | 2013 | 2012 foreign currency exchange contracts | $517 | $570 interest rate contracts | 2400 | 2150 commodity contracts | 361 | 320 total | $3278 | $3040 following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the company that were included in each category at december 28, 2013 and december 29, 2012, measured on a recurring basis. level 1 2014 financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market. for the company, level 1 financial assets and liabilities consist primarily of commodity derivative contracts. level 2 2014 financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. for the company, level 2 financial assets and liabilities consist of interest rate swaps and over-the-counter commodity and currency contracts. the company 2019s calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve. over-the-counter commodity derivatives are valued using an income approach based on the commodity index prices less the contract rate multiplied by the notional amount. foreign currency contracts are valued using an income approach based on forward rates less the contract rate multiplied by the notional amount. the company 2019s calculation of the fair value of level 2 financial assets and liabilities takes into consideration the risk of nonperformance, including counterparty credit risk. level 3 2014 financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. these inputs reflect management 2019s own assumptions about the assumptions a market participant would use in pricing the asset or liability. the company did not have any level 3 financial assets or liabilities as of december 28, 2013 or december 29, 2012.. what was the accrued value of tax related interest and penalties in 2011? 16.0 what was the value decrease during the year?

3.0

part ii item 5 2014market for registrant 2019s common equity and related stockholder matters market information. the common stock of the company is currently traded on the new york stock exchange (nyse) under the symbol 2018 2018aes. 2019 2019 the following tables set forth the high and low sale prices for the common stock as reported by the nyse for the periods indicated. price range of common stock. 2002 first quarter | high $17.84 | low $4.11 | 2001 first quarter | high $60.15 | low $41.30 second quarter | 9.17 | 3.55 | second quarter | 52.25 | 39.95 third quarter | 4.61 | 1.56 | third quarter | 44.50 | 12.00 fourth quarter | 3.57 | 0.95 | fourth quarter | 17.80 | 11.60 holders. as of march 3, 2003, there were 9663 record holders of the company 2019s common stock, par value $0.01 per share. dividends. under the terms of the company 2019s senior secured credit facilities entered into with a commercial bank syndicate, the company is not allowed to pay cash dividends. in addition, the company is precluded from paying cash dividends on its common stock under the terms of a guaranty to the utility customer in connection with the aes thames project in the event certain net worth and liquidity tests of the company are not met. the ability of the company 2019s project subsidiaries to declare and pay cash dividends to the company is subject to certain limitations in the project loans, governmental provisions and other agreements entered into by such project subsidiaries. securities authorized for issuance under equity compensation plans. see the information contained under the caption 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on may 1, 2003, which information is incorporated herein by reference.. what was the variance in the price of shares in the first quarter of 2002? 13.73 and what was it in that same period in 2001? 18.85 which variance, then, was greater? no and in the second quarter of that year of 2002, what was the average share price?

6.36

software and will give the company a comprehensive design-to-silicon flow that links directly into the semiconductor manufacturing process. integrating hpl 2019s yield management and test chip technologies into the company 2019s industry-leading dfm portfolio is also expected to enable customers to increase their productivity and improve profitability in the design and manufacture of advanced semiconductor devices. purchase price. the company paid $11.0 million in cash for all outstanding shares of hpl. in addition, the company had a prior investment in hpl of approximately $1.9 million. the total purchase consideration consisted of:. - | (in thousands) cash paid | $11001 prior investment in hpl | 1872 acquisition-related costs | 2831 total purchase price | $15704 acquisition-related costs of $2.8 million consist primarily of legal, tax and accounting fees of $1.6 million, $0.3 million of estimated facilities closure costs and other directly related charges, and $0.9 million in employee termination costs. as of october 31, 2006, the company had paid $2.2 million of the acquisition related costs, of which $1.1 million were for professional services costs, $0.2 million were for facilities closure costs and $0.9 million were for employee termination costs. the $0.6 million balance remaining at october 31, 2006 consists of professional and tax-related service fees and facilities closure costs. assets acquired. the company acquired $8.5 million of intangible assets consisting of $5.1 million in core developed technology, $3.2 million in customer relationships and $0.2 million in backlog to be amortized over two to four years. approximately $0.8 million of the purchase price represents the fair value of acquired in-process research and development projects that have not yet reached technological feasibility and have no alternative future use. accordingly, the amount was immediately expensed and included in the company 2019s condensed consolidated statement of operations for the first quarter of fiscal year 2006. additionally, the company acquired tangible assets of $14.0 million and assumed liabilities of $10.9 million. goodwill, representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger was $3.4 million. goodwill resulted primarily from the company 2019s expectation of synergies from the integration of hpl 2019s technology with the company 2019s technology and operations. other. during the fiscal year 2006, the company completed an asset acquisition for cash consideration of $1.5 million. this acquisition is not considered material to the company 2019s consolidated balance sheet and results of operations. fiscal 2005 acquisitions nassda corporation (nassda) the company acquired nassda on may 11, 2005. reasons for the acquisition. the company believes nassda 2019s full-chip circuit simulation and analysis software will broaden its offerings of transistor-level circuit simulation tools, particularly in the area of mixed-signal and memory design. purchase price. the company acquired all the outstanding shares of nassda for total cash consideration of $200.2 million, or $7.00 per share. in addition, as required by the merger agreement, certain nassda officers, directors and employees who were defendants in certain preexisting litigation. what was the value of goodwill, representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger by 1000? 3400.0 what was the total purchase price? 15704.0 what is the ratio of the goodwill to the purchase price?

0.21651

notes to consolidated financial statements 2014 (continued) (amounts in millions, except per share amounts) a summary of the remaining liability for the 2007, 2003 and 2001 restructuring programs is as follows: program program program total. - | 2007 program | 2003 program | 2001 program | total liability at december 31 2006 | $2014 | $12.6 | $19.2 | $31.8 net charges (reversals) and adjustments | 19.1 | -0.5 (0.5) | -5.2 (5.2) | 13.4 payments and other1 | -7.2 (7.2) | -3.1 (3.1) | -5.3 (5.3) | -15.6 (15.6) liability at december 31 2007 | $11.9 | $9.0 | $8.7 | $29.6 net charges and adjustments | 4.3 | 0.8 | 0.7 | 5.8 payments and other1 | -15.0 (15.0) | -4.1 (4.1) | -3.5 (3.5) | -22.6 (22.6) liability at december 31 2008 | $1.2 | $5.7 | $5.9 | $12.8 1 includes amounts representing adjustments to the liability for changes in foreign currency exchange rates. other reorganization-related charges other reorganization-related charges relate to our realignment of our media businesses into a newly created management entity called mediabrands and the 2006 merger of draft worldwide and foote, cone and belding worldwide to create draftfcb. charges related to severance and terminations costs and lease termination and other exit costs. we expect charges associated with mediabrands to be completed during the first half of 2009. charges related to the creation of draftfcb in 2006 are complete. the charges were separated from the rest of our operating expenses within the consolidated statements of operations because they did not result from charges that occurred in the normal course of business.. what was the total liability by the end of 2008? 29.6 and what was it by the end of 2007? 12.8 what was, then, the change over the year?

16.8

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 our executive offices, certain u.s. business units, and our administrative, finance, 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 31, 2016, we operated 87 manufacturing and processing facilities. we own 83 and lease four of these facilities. our manufacturing and processing facilities count by segment as of december 31, 2016 was:. - | owned | leased united states | 43 | 2 canada | 3 | 2014 europe | 11 | 2014 rest of world | 26 | 2 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. in the fourth quarter of 2016, we reorganized our segment structure to move our russia business from the rest of world segment to the europe segment. we have reflected this change in the table above. see note 18, segment reporting, to the consolidated financial statements for additional information. several of our current manufacturing and processing facilities are scheduled to be closed within the next year. see note 3, integration and restructuring expenses, to the consolidated financial statements for additional information. 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. on april 1, 2015, the commodity futures trading commission (201ccftc 201d) filed a formal complaint against mondel 0113z international (formerly known as kraft foods inc.) and kraft in the u.s. district court for the northern district of illinois, eastern division, related to activities involving the trading of december 2011 wheat futures contracts. the complaint alleges that mondel 0113z international and kraft (1) manipulated or attempted to manipulate the wheat markets during the fall of 2011, (2) violated position limit levels for wheat futures, and (3) engaged in non-competitive trades by trading both sides of exchange-for-physical chicago board of trade wheat contracts. as previously disclosed by kraft, these activities arose prior to the october 1, 2012 spin-off of kraft by mondel 0113z international to its shareholders and involve the business now owned and operated by mondel 0113z international or its affiliates. the separation and distribution agreement between kraft and mondel 0113z international, dated as of september 27, 2012, governs the allocation of liabilities between mondel 0113z international and kraft and, accordingly, mondel 0113z international will predominantly bear the costs of this matter and any monetary penalties or other payments that the cftc may impose. we do not expect this matter to have a material adverse effect on our financial condition, results of operations, or 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.. what portion of the company owned facilities are in europe? 0.13253 at 12/31/16 what percentage of manufacturing and processing facilities are leased?

0.04598

south america. approximately 26% (26%) of 2017 net sales were to international markets. this segment sells directly through its own sales force and indirectly through independent manufacturers 2019 representatives, primarily to wholesalers, home centers, mass merchandisers and industrial distributors. in aggregate, sales to the home depot and lowe 2019s comprised approximately 23% (23%) of net sales of the plumbing segment in 2017. this segment 2019s chief competitors include delta (owned by masco), kohler, pfister (owned by spectrum brands), american standard (owned by lixil group), insinkerator (owned by emerson electronic company) and imported private-label brands. doors. our doors segment manufactures and sells fiberglass and steel entry door systems under the therma-tru brand and urethane millwork product lines under the fypon brand. this segment benefits from the long-term trend away from traditional materials, such as wood, steel and aluminum, toward more energy-efficient and durable synthetic materials. therma-tru products include fiberglass and steel residential entry door and patio door systems, primarily for sale in the u.s. and canada. this segment 2019s principal customers are home centers, millwork building products and wholesale distributors, and specialty dealers that provide products to the residential new construction market, as well as to the remodeling and renovation markets. in aggregate, sales to the home depot and lowe 2019s comprised approximately 14% (14%) of net sales of the doors segment in 2017. this segment 2019s competitors include masonite, jeld-wen, plastpro and pella. security. our security segment 2019s products consist of locks, safety and security devices, and electronic security products manufactured, sourced and distributed primarily under the master lock brand and fire resistant safes, security containers and commercial cabinets manufactured, sourced and distributed under the sentrysafe brand. this segment sells products principally in the u.s., canada, europe, central america, japan and australia. approximately 25% (25%) of 2017 net sales were to international markets. this segment manufactures and sells key-controlled and combination padlocks, bicycle and cable locks, built-in locker locks, door hardware, automotive, trailer and towing locks, electronic access control solutions, and other specialty safety and security devices for consumer use to hardware, home center and other retail outlets. in addition, the segment sells lock systems and fire resistant safes to locksmiths, industrial and institutional users, and original equipment manufacturers. in aggregate, sales to the home depot and lowe 2019s comprised approximately 18% (18%) of the net sales of the security segment in 2017. master lock competes with abus, w.h. brady, hampton, kwikset (owned by spectrum brands), schlage (owned by allegion), assa abloy and various imports, and sentrysafe competes with first alert, magnum, fortress, stack-on and fire king. annual net sales for each of the last three fiscal years for each of our business segments were as follows: (in millions) 2017 2016 2015. (in millions) | 2017 | 2016 | 2015 cabinets | $2467.1 | $2397.8 | $2173.4 plumbing | 1720.8 | 1534.4 | 1414.5 doors | 502.9 | 473.0 | 439.1 security | 592.5 | 579.7 | 552.4 total | $5283.3 | $4984.9 | $4579.4 for additional financial information for each of our business segments, refer to note 18, 201cinformation on business segments, 201d to the consolidated financial statements in item 8 of this annual report on form other information raw materials. the table below indicates the principal raw materials used by each of our segments. these materials are available from a number of sources. volatility in the prices of commodities and energy used in making and distributing our products impacts the cost of manufacturing our products.. in the year of 2017, what percentage of the net sales were for international markets? 0.25 and what were those net sales? 5283.3 what, then, was the amount correspondent to that percentage?

1320.825

federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31, 2005 reconciliation of accumulated depreciation and amortization. balance december 31 2002 | $450697000 additions during period 2014depreciation and amortization expense | 68125000 deductions during period 2014disposition and retirements of property | -4645000 (4645000) balance december 31 2003 | 514177000 additions during period 2014depreciation and amortization expense | 82551000 deductions during period 2014disposition and retirements of property | -1390000 (1390000) balance december 31 2004 | 595338000 additions during period 2014depreciation and amortization expense | 83656000 deductions during period 2014disposition and retirements of property | -15244000 (15244000) balance december 31 2005 | $663750000 . what is the value of accumulated depreciation and amortization at the end of 2005? 663750000.0 what is the balance at the end of 2004? 595338000.0 what is the ratio of 2005 to 2004? 1.11491 what is that less 1?

0.11491

entergy new orleans, inc. management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges. following is an analysis of the change in net revenue comparing 2008 to 2007. amount (in millions). - | amount (in millions) 2007 net revenue | $231.0 volume/weather | 15.5 net gas revenue | 6.6 rider revenue | 3.9 base revenue | -11.3 (11.3) other | 7.0 2008 net revenue | $252.7 the volume/weather variance is due to an increase in electricity usage in the service territory in 2008 compared to the same period in 2007. entergy new orleans estimates that approximately 141000 electric customers and 93000 gas customers have returned since hurricane katrina and are taking service as of december 31, 2008, compared to approximately 132000 electric customers and 86000 gas customers as of december 31, 2007. billed retail electricity usage increased a total of 184 gwh compared to the same period in 2007, an increase of 4% (4%). the net gas revenue variance is primarily due to an increase in base rates in march and november 2007. refer to note 2 to the financial statements for a discussion of the base rate increase. the rider revenue variance is due primarily to higher total revenue and a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006. the approved storm reserve has been set to collect $75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account. the settlement agreement is discussed in note 2 to the financial statements. the base revenue variance is primarily due to a base rate recovery credit, effective january 2008. the base rate credit is discussed in note 2 to the financial statements. gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to: an increase of $58.9 million in gross wholesale revenue due to increased sales to affiliated customers and an increase in the average price of energy available for resale sales; an increase of $47.7 million in electric fuel cost recovery revenues due to higher fuel rates and increased electricity usage; and an increase of $22 million in gross gas revenues due to higher fuel recovery revenues and increases in gas base rates in march 2007 and november 2007. fuel and purchased power increased primarily due to increases in the average market prices of natural gas and purchased power in addition to an increase in demand.. what was the increase observed in the net revenue from 2007 to 2008? 21.7 what was that net revenue in 2007? 231.0 how much, then, did that increase represent in relation to this 2007 amount? 0.09394 and what percentage of that increase between the years was due to rider revenue?

0.17972

item 7a. quantitative and qualitative disclosures about market risk (amounts in millions) in the normal course of business, we are exposed to market risks related to interest rates, foreign currency rates and certain balance sheet items. from time to time, we use derivative instruments, pursuant to established guidelines and policies, to manage some portion of these risks. derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes. interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations. the majority of our debt (approximately 89% (89%) and 91% (91%) as of december 31, 2015 and 2014, respectively) bears interest at fixed rates. we do have debt with variable interest rates, but a 10% (10%) increase or decrease in interest rates would not be material to our interest expense or cash flows. the fair market value of our debt is sensitive to changes in interest rates, and the impact of a 10% (10%) change in interest rates is summarized below. increase/ (decrease) in fair market value as of december 31, 10% (10%) increase in interest rates 10% (10%) decrease in interest rates. as of december 31, | increase/ (decrease) in fair market value 10% (10%) increasein interest rates | increase/ (decrease) in fair market value 10% (10%) decreasein interest rates 2015 | $-33.7 (33.7) | $34.7 2014 | -35.5 (35.5) | 36.6 we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates. we do not have any interest rate swaps outstanding as of december 31, 2015. we had $1509.7 of cash, cash equivalents and marketable securities as of december 31, 2015 that we generally invest in conservative, short-term bank deposits or securities. the interest income generated from these investments is subject to both domestic and foreign interest rate movements. during 2015 and 2014, we had interest income of $22.8 and $27.4, respectively. based on our 2015 results, a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $15.0, assuming that all cash, cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2015 levels. foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates. since we report revenues and expenses in u.s. dollars, changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses (as expressed in u.s. dollars) from foreign operations. the primary foreign currencies that impacted our results during 2015 included the australian dollar, brazilian real, british pound sterling and euro. based on 2015 exchange rates and operating results, if the u.s. dollar were to strengthen or weaken by 10% (10%), we currently estimate operating income would decrease or increase approximately 4% (4%), assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2015 levels. the functional currency of our foreign operations is generally their respective local currency. assets and liabilities are translated at the exchange rates in effect at the balance sheet date, and revenues and expenses are translated at the average exchange rates during the period presented. the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss, net of tax, in the stockholders 2019 equity section of our consolidated balance sheets. our foreign subsidiaries generally collect revenues and pay expenses in their functional currency, mitigating transaction risk. however, certain subsidiaries may enter into transactions in currencies other than their functional currency. assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement. currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses. we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures. we do not enter into foreign exchange contracts or other derivatives for speculative purposes.. what is the net change in value of interest income from 2014 to 2015?

-4.6

2014 compared to 2013 mst 2019s net sales decreased $305 million, or 3% (3%), in 2014 as compared to 2013. net sales decreased by approximately $305 million due to the wind-down or completion of certain c4isr programs (primarily ptds); about $85 million for undersea systems programs due to decreased volume and deliveries; and about $55 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 (including a portion of the terminated presidential helicopter program). the decreases were partially offset by higher net sales of approximately $80 million for integrated warfare systems and sensors programs due to increased volume (primarily space fence); and approximately $40 million for training and logistics solutions programs due to increased deliveries (primarily close combat tactical trainer). mst 2019s operating profit decreased $129 million, or 12% (12%), in 2014 as compared to 2013. the decrease was primarily attributable to lower operating profit of approximately $120 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 (including a portion of the terminated presidential helicopter program); approximately $55 million due to the reasons described above for lower c4isr program sales, as well as performance matters on an international program; and approximately $45 million due to higher reserves recorded on certain training and logistics solutions programs. the decreases were partially offset by higher operating profit of approximately $45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014; and about $60 million for various programs due to increased risk retirements (including mh-60 and radar surveillance programs). adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $85 million lower for 2014 compared to 2013. backlog backlog increased in 2015 compared to 2014 primarily due to the addition of sikorsky backlog, as well as higher orders on new program starts (such as australian defence force pilot training system). backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts (such as space fence). trends we expect mst 2019s 2016 net sales to increase in the mid-double digit percentage range compared to 2015 net sales due to the inclusion of sikorsky programs for a full year, partially offset by a decline in volume due to the wind-down or completion of certain programs. operating profit is expected to be equivalent to 2015 on higher volume, and operating margin is expected to decline due to costs associated with the sikorsky acquisition, including the impact of purchase accounting adjustments, integration costs and inherited restructuring costs associated with actions committed to by sikorsky prior to acquisition. space systems our space systems business segment is engaged in the research and development, design, engineering and production of satellites, strategic and defensive missile systems and space transportation systems. space systems provides network-enabled situational awareness and integrates complex global systems to help our customers gather, analyze, and securely distribute critical intelligence data. space systems is also responsible for various classified systems and services in support of vital national security systems. space systems 2019 major programs include the trident ii d5 fleet ballistic missile (fbm), orion, space based infrared system (sbirs), aehf, gps-iii, geostationary operational environmental satellite r-series (goes-r), and muos. operating profit for our space systems business segment includes our share of earnings for our investment in ula, which provides expendable launch services to the u.s. government. space systems 2019 operating results included the following (in millions):. - | 2015 | 2014 | 2013 net sales | $9105 | $9202 | $9288 operating profit | 1171 | 1187 | 1198 operating margins | 12.9% (12.9%) | 12.9% (12.9%) | 12.9% (12.9%) backlog at year-end | $17400 | $20300 | $21400 2015 compared to 2014 space systems 2019 net sales in 2015 decreased $97 million, or 1% (1%), compared to 2014. the decrease was attributable to approximately $335 million lower net sales for government satellite programs due to decreased volume (primarily aehf) and the wind-down or completion of mission solutions programs; and approximately $55 million for strategic missile and defense systems due to lower volume. these decreases were partially offset by higher net sales of approximately $235 million for businesses acquired in 2014; and approximately $75 million for the orion program due to increased volume.. what was the average backlog in 2015? 17400.0 what was it in 2014? 20300.0 what is the sum of those years? 37700.0 what was the average backlog in 2013?

21400.0

market price and dividends d u k e r e a l t y c o r p o r a t i o n 3 8 2 0 0 2 a n n u a l r e p o r t the company 2019s common shares are listed for trading on the new york stock exchange, symbol dre. the following table sets forth the high and low sales prices of the common stock for the periods indicated and the dividend paid per share during each such period. comparable cash dividends are expected in the future. on january 29, 2003, the company declared a quarterly cash dividend of $.455 per share, payable on february 28, 2003, to common shareholders of record on february 14, 2003.. quarter ended | 2002 high | 2002 low | 2002 dividend | 2002 high | 2002 low | dividend december 31 | $25.84 | $21.50 | $.455 | $24.80 | $22.00 | $.45 september 30 | 28.88 | 21.40 |.455 | 26.17 | 21.60 |.45 june 30 | 28.95 | 25.46 |.450 | 24.99 | 22.00 |.43 march 31 | 26.50 | 22.92 |.450 | 25.44 | 21.85 |.43 . what is the net change in the cash dividend for the period ended march 31, 2002 to the period ended march 31, 2003? 0.005 what is that divided by the dividend payment in 2002?

0.01111

38 2013 ppg annual report and form 10-k notes to the consolidated financial statements 1. summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries, inc. (201cppg 201d or the 201ccompany 201d) and all subsidiaries, both u.s. and non-u.s., that it controls. ppg owns more than 50% (50%) of the voting stock of most of the subsidiaries that it controls. for those consolidated subsidiaries in which the company 2019s ownership is less than 100% (100%), the outside shareholders 2019 interests are shown as noncontrolling interests. investments in companies in which ppg owns 20% (20%) to 50% (50%) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting. as a result, ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in "investments" in the accompanying consolidated balance sheet. transactions between ppg and its subsidiaries are eliminated in consolidation. use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period. such estimates also include the fair value of assets acquired and liabilities assumed as a result of allocations of purchase price of business combinations consummated. actual outcomes could differ from those estimates. revenue recognition the company recognizes revenue when the earnings process is complete. revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered. shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income. shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales, exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income. selling, general and administrative costs amounts presented as 201cselling, general and administrative 201d in the accompanying consolidated statement of income are comprised of selling, customer service, distribution and advertising costs, as well as the costs of providing corporate- wide functional support in such areas as finance, law, human resources and planning. distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses, terminals and other distribution facilities. advertising costs advertising costs are expensed in the year incurred and totaled $345 million, $288 million and $245 million in 2013, 2012 and 2011, respectively. research and development research and development costs, which consist primarily of employee related costs, are charged to expense as incurred. the following are the research and development costs for the years ended december 31:. (millions) | 2013 | 2012 | 2011 research and development 2013 total | $505 | $468 | $443 less depreciation on research facilities | 17 | 15 | 15 research and development net | $488 | $453 | $428 legal costs legal costs are expensed as incurred. legal costs incurred by ppg include legal costs associated with acquisition and divestiture transactions, general litigation, environmental regulation compliance, patent and trademark protection and other general corporate purposes. foreign currency translation the functional currency of most significant non-u.s. operations is their local currency. assets and liabilities of those operations are translated into u.s. dollars using year-end exchange rates; income and expenses are translated using the average exchange rates for the reporting period. unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss, a separate component of shareholders 2019 equity. cash equivalents cash equivalents are highly liquid investments (valued at cost, which approximates fair value) acquired with an original maturity of three months or less. short-term investments short-term investments are highly liquid, high credit quality investments (valued at cost plus accrued interest) that have stated maturities of greater than three months to one year. the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows. marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income, net of tax, for those designated as available for sale securities.. what was the difference in research and development net between 2011 and 2012?

25.0

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2008 and 2007.. 2008 | high | low quarter ended march 31 | $42.72 | $32.10 quarter ended june 30 | 46.10 | 38.53 quarter ended september 30 | 43.43 | 31.89 quarter ended december 31 | 37.28 | 19.35 2007 | high | low quarter ended march 31 | $41.31 | $36.63 quarter ended june 30 | 43.84 | 37.64 quarter ended september 30 | 45.45 | 36.34 quarter ended december 31 | 46.53 | 40.08 on february 13, 2009, the closing price of our common stock was $28.85 per share as reported on the nyse. as of february 13, 2009, we had 397097677 outstanding shares of common stock and 499 registered holders. dividends we have never paid a dividend on our common stock. we anticipate that we may retain future earnings, if any, to fund the development and growth of our business. the indentures governing our 7.50% (7.50%) senior notes due 2012 (201c7.50% (201c7.50%) notes 201d) and our 7.125% (7.125%) senior notes due 2012 (201c7.125% (201c7.125%) notes 201d) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants. the loan agreement for our revolving credit facility and term loan, and the indentures governing the terms of our 7.50% (7.50%) notes and 7.125% (7.125%) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied. in addition, while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% (7.50%) notes and 7.125% (7.125%) notes, certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization transaction. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization transaction, see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. what was the price of shares in february of 2009? 37.28 and what was it in by the end of 2008? 28.85 what was, then, the change over that period?

8.43

15. debt the tables below summarize our outstanding debt at 30 september 2016 and 2015: total debt. 30 september | 2016 | 2015 short-term borrowings | $935.8 | $1494.3 current portion of long-term debt | 371.3 | 435.6 long-term debt | 4918.1 | 3949.1 total debt | $6225.2 | $5879.0 short-term borrowings | - | - 30 september | 2016 | 2015 bank obligations | $133.1 | $234.3 commercial paper | 802.7 | 1260.0 total short-term borrowings | $935.8 | $1494.3 the weighted average interest rate of short-term borrowings outstanding at 30 september 2016 and 2015 was 1.1% (1.1%) and.8% (.8%), respectively. cash paid for interest, net of amounts capitalized, was $121.1 in 2016, $97.5 in 2015, and $132.4 in 2014.. what was the total cash paid for interest in the years of 2015 and 2016, combined? 218.6 including the year of 2014, what then becomes this total?

351.0

62 general mills amounts recorded in accumulated other comprehensive loss unrealized losses from interest rate cash flow hedges recorded in aoci as of may 27, 2012, totaled $73.6 million after tax. these deferred losses are primarily related to interest rate swaps that we entered into in contemplation of future borrowings and other financ- ing requirements and that are being reclassified into net interest over the lives of the hedged forecasted transac- tions. unrealized losses from foreign currency cash flow hedges recorded in aoci as of may 27, 2012, were $1.7 million after-tax. the net amount of pre-tax gains and losses in aoci as of may 27, 2012, that we expect to be reclassified into net earnings within the next 12 months is $14.0 million of expense. credit-risk-related contingent features certain of our derivative instruments contain provisions that require us to maintain an investment grade credit rating on our debt from each of the major credit rat- ing agencies. if our debt were to fall below investment grade, the counterparties to the derivative instruments could request full collateralization on derivative instru- ments in net liability positions. the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on may 27, 2012, was $19.9 million. we have posted col- lateral of $4.3 million in the normal course of business associated with these contracts. if the credit-risk-related contingent features underlying these agreements had been triggered on may 27, 2012, we would have been required to post an additional $15.6 million of collateral to counterparties. concentrations of credit and counterparty credit risk during fiscal 2012, wal-mart stores, inc. and its affili- ates (wal-mart) accounted for 22 percent of our con- solidated net sales and 30 percent of our net sales in the u.s. retail segment. no other customer accounted for 10 percent or more of our consolidated net sales. wal- mart also represented 6 percent of our net sales in the international segment and 7 percent of our net sales in the bakeries and foodservice segment. as of may 27, 2012, wal-mart accounted for 26 percent of our u.s. retail receivables, 5 percent of our international receiv- ables, and 9 percent of our bakeries and foodservice receivables. the five largest customers in our u.s. retail segment accounted for 54 percent of its fiscal 2012 net sales, the five largest customers in our international segment accounted for 26 percent of its fiscal 2012 net sales, and the five largest customers in our bakeries and foodservice segment accounted for 46 percent of its fis- cal 2012 net sales. we enter into interest rate, foreign exchange, and cer- tain commodity and equity derivatives, primarily with a diversified group of highly rated counterparties. we continually monitor our positions and the credit rat- ings of the counterparties involved and, by policy, limit the amount of credit exposure to any one party. these transactions may expose us to potential losses due to the risk of nonperformance by these counterparties; however, we have not incurred a material loss. we also enter into commodity futures transactions through vari- ous regulated exchanges. the amount of loss due to the credit risk of the coun- terparties, should the counterparties fail to perform according to the terms of the contracts, is $19.5 million against which we do not hold collateral. under the terms of master swap agreements, some of our transactions require collateral or other security to support financial instruments subject to threshold levels of exposure and counterparty credit risk. collateral assets are either cash or u.s. treasury instruments and are held in a trust account that we may access if the counterparty defaults. note 8. debt notes payable the components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows:. in millions | may 27 2012 notes payable | may 27 2012 weighted- average interest rate | may 27 2012 notespayable | weighted-averageinterest rate u.s. commercial paper | $412.0 | 0.2% (0.2%) | $192.5 | 0.2% (0.2%) financial institutions | 114.5 | 10.0 | 118.8 | 11.5 total | $526.5 | 2.4% (2.4%) | $311.3 | 4.5% (4.5%) to ensure availability of funds, we maintain bank credit lines sufficient to cover our outstanding short- term borrowings. commercial paper is a continuing source of short-term financing. we have commercial paper programs available to us in the united states and europe. in april 2012, we entered into fee-paid commit- ted credit lines, consisting of a $1.0 billion facility sched- uled to expire in april 2015 and a $1.7 billion facility. for the year ended on may 27, 2012, what was the total interest expense, in millions? 12.636 and as of that same date, what was the amount of notes payable related to u.s. commercial paper?

412.0

page 15 of 100 shareholder return performance the line graph below compares the annual percentage change in ball corporation 2019s cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31, 2010. it assumes $100 was invested on december 31, 2005, and that all dividends were reinvested. the dow jones containers & packaging index total return has been weighted by market capitalization. total return analysis. - | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09 | 12/31/10 ball corporation | $100.00 | $110.86 | $115.36 | $107.58 | $134.96 | $178.93 dj containers & packaging index | $100.00 | $112.09 | $119.63 | $75.00 | $105.34 | $123.56 s&p 500 index | $100.00 | $115.80 | $122.16 | $76.96 | $97.33 | $111.99 copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. . what is the price of ball corporation in 2010? 178.93 what is that less an initial $100 investment?

78.93

impairment the following table presents net unrealized losses on securities available for sale as of december 31:. (in millions) | 2011 | 2010 fair value | $99832 | $81881 amortized cost | 100013 | 82329 net unrealized loss pre-tax | $-181 (181) | $-448 (448) net unrealized loss after-tax | $-113 (113) | $-270 (270) the net unrealized amounts presented above excluded the remaining net unrealized losses related to reclassifications of securities available for sale to securities held to maturity. these unrealized losses related to reclassifications totaled $303 million, or $189 million after-tax, and $523 million, or $317 million after-tax, as of december 31, 2011 and 2010, respectively, and were recorded in accumulated other comprehensive income, or oci. refer to note 12 to the consolidated financial statements included under item 8. the decline in these remaining after-tax unrealized losses related to reclassifications from december 31, 2010 to december 31, 2011 resulted primarily from amortization. we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists. to the extent that other-than-temporary impairment is identified, the impairment is broken into a credit component and a non-credit component. the credit component is recorded in our consolidated statement of income, and the non-credit component is recorded in oci to the extent that we do not intend to sell the security. our assessment of other-than-temporary impairment involves an evaluation, more fully described in note 3, of economic and security-specific factors. such factors are based on estimates, derived by management, which contemplate current market conditions and security-specific performance. to the extent that market conditions are worse than management 2019s expectations, other-than-temporary impairment could increase, in particular, the credit component that would be recorded in our consolidated statement of income. given the exposure of our investment securities portfolio, particularly mortgage- and asset-backed securities, to residential mortgage and other consumer credit risks, the performance of the u.s. housing market is a significant driver of the portfolio 2019s credit performance. as such, our assessment of other-than-temporary impairment relies to a significant extent on our estimates of trends in national housing prices. generally, indices that measure trends in national housing prices are published in arrears. as of september 30, 2011, national housing prices, according to the case-shiller national home price index, had declined by approximately 31.3% (31.3%) peak-to-current. overall, management 2019s expectation, for purposes of its evaluation of other-than-temporary impairment as of december 31, 2011, was that housing prices would decline by approximately 35% (35%) peak-to-trough. the performance of certain mortgage products and vintages of securities continues to deteriorate. in addition, management continues to believe that housing prices will decline further as indicated above. the combination of these factors has led to an increase in management 2019s overall loss expectations. our investment portfolio continues to be sensitive to management 2019s estimates of future cumulative losses. ultimately, other-than- temporary impairment is based on specific cusip-level detailed analysis of the unique characteristics of each security. in addition, we perform sensitivity analysis across each significant product type within the non-agency u.s. residential mortgage-backed portfolio. we estimate, for example, that other-than-temporary impairment of the investment portfolio could increase by approximately $10 million to $50 million, if national housing prices were to decline by 37% (37%) to 39% (39%) peak-to-trough, compared to management 2019s expectation of 35% (35%) described above. this sensitivity estimate is based on a number of factors, including, but not limited to, the level of housing prices and the timing of defaults. to the extent that such factors differ substantially from management 2019s current expectations, resulting loss estimates may differ materially from those stated. excluding the securities for which other-than-temporary impairment was recorded in 2011, management considers the aggregate decline in fair value of the remaining. what was the fair value in 2011? 99832.0 and what was it in 2010? 81881.0 what was, then, the change over the year? 17951.0 what was the fair value in 2010? 81881.0 and how much does that change represent in relation to this 2010 fair value, in percentage?

0.21923

the analysis of our depreciation studies. changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively. under group depreciation, the historical cost (net of salvage) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized. the historical cost of certain track assets is estimated using (i) inflation indices published by the bureau of labor statistics and (ii) the estimated useful lives of the assets as determined by our depreciation studies. the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes. because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired, we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate. in addition, we determine if the recorded amount of accumulated depreciation is deficient (or in excess) of the amount indicated by our depreciation studies. any deficiency (or excess) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets. for retirements of depreciable railroad properties that do not occur in the normal course of business, a gain or loss may be recognized if the retirement meets each of the following three conditions: (i) is unusual, (ii) is material in amount, and (iii) varies significantly from the retirement profile identified through our depreciation studies. a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations. when we purchase an asset, we capitalize all costs necessary to make the asset ready for its intended use. however, many of our assets are self-constructed. a large portion of our capital expenditures is for replacement of existing track assets and other road properties, which is typically performed by our employees, and for track line expansion and other capacity projects. costs that are directly attributable to capital projects (including overhead costs) are capitalized. direct costs that are capitalized as part of self- constructed assets include material, labor, and work equipment. indirect costs are capitalized if they clearly relate to the construction of the asset. general and administrative expenditures are expensed as incurred. normal repairs and maintenance are also expensed as incurred, while costs incurred that extend the useful life of an asset, improve the safety of our operations or improve operating efficiency are capitalized. these costs are allocated using appropriate statistical bases. total expense for repairs and maintenance incurred was $2.4 billion for 2014, $2.3 billion for 2013, and $2.1 billion for 2012. assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease. amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease. 13. accounts payable and other current liabilities dec. 31, dec. 31, millions 2014 2013. millions | dec. 31 2014 | dec. 312013 accounts payable | $877 | $803 dividends payable | 438 | 356 income and other taxes payable | 412 | 491 accrued wages and vacation | 409 | 385 accrued casualty costs | 249 | 207 interest payable | 178 | 169 equipment rents payable | 100 | 96 other | 640 | 579 total accounts payable and othercurrent liabilities | $3303 | $3086 . what was the difference in the total expense for repairs and maintenance incurred between 2013 and 2014? 0.1 and the value for 2013 again?

2.3

equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31, 2017. equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options, warrants and rights (1) weighted-average exercise price of outstanding options, warrants and rights number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (a) (b) (c) equity compensation plans approved by security holders 448859 $0.00 4087587 equity compensation plans not approved by security holders (2) 2014 2014 2014. plan category | number of securities to be issued upon exercise of outstanding options warrants and rights (1) (a) (b) | weighted-average exercise price of outstanding optionswarrants and rights | number of securities remaining available for future issuance under equity compensation plans (excluding securitiesreflected in column (a)) (c) equity compensation plans approved by security holders | 448859 | $0.00 | 4087587 equity compensation plans not approved by security holders (2) | 2014 | 2014 | 2014 total | 448859 | $0.00 | 4087587 (1) includes grants made under the huntington ingalls industries, inc. 2012 long-term incentive stock plan (the "2012 plan"), which was approved by our stockholders on may 2, 2012, and the huntington ingalls industries, inc. 2011 long-term incentive stock plan (the "2011 plan"), which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation. of these shares, 27123 were stock rights granted under the 2011 plan. in addition, this number includes 28763 stock rights, 3075 restricted stock rights, and 389898 restricted performance stock rights granted under the 2012 plan, assuming target performance achievement. (2) there are no awards made under plans not approved by security holders. item 13. certain relationships and related transactions, and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders, to be filed within 120 days after the end of the company 2019s fiscal year. item 14. principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders, to be filed within 120 days after the end of the company 2019s fiscal year.. what is the total number of securities approved by security holders? 4536446.0 what about the number of securities to be issued upon exercise of outstanding options warrants and rights? 448859.0 what proportion does this represent?

0.09895

the following performance graph shows the cumulative total return to a holder of the company 2019s common stock, assuming dividend reinvestment, compared with the cumulative total return, assuming dividend reinvestment, of the standard & poor ("s&p") 500 index and the dow jones us financials index during the period from december 31, 2009 through december 31, 2014.. - | 12/09 | 12/10 | 12/11 | 12/12 | 12/13 | 12/14 e*trade financial corporation | 100.00 | 90.91 | 45.23 | 50.85 | 111.59 | 137.81 s&p 500 index | 100.00 | 115.06 | 117.49 | 136.30 | 180.44 | 205.14 dow jones us financials index | 100.00 | 112.72 | 98.24 | 124.62 | 167.26 | 191.67 table of contents. what is the price of e*trade financial corporation in 2014 less an initial 100? 37.81 what is that divided by 100? 0.3781 what is the price of the s&p 500 index in 2014 less and initial 100?

105.14

item 7a. quantitative and qualitative disclosures about market risk (amounts in millions) in the normal course of business, we are exposed to market risks related to interest rates, foreign currency rates and certain balance sheet items. from time to time, we use derivative instruments, pursuant to established guidelines and policies, to manage some portion of these risks. derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes. interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations. the majority of our debt (approximately 89% (89%) and 91% (91%) as of december 31, 2015 and 2014, respectively) bears interest at fixed rates. we do have debt with variable interest rates, but a 10% (10%) increase or decrease in interest rates would not be material to our interest expense or cash flows. the fair market value of our debt is sensitive to changes in interest rates, and the impact of a 10% (10%) change in interest rates is summarized below. increase/ (decrease) in fair market value as of december 31, 10% (10%) increase in interest rates 10% (10%) decrease in interest rates. as of december 31, | increase/ (decrease) in fair market value 10% (10%) increasein interest rates | increase/ (decrease) in fair market value 10% (10%) decreasein interest rates 2015 | $-33.7 (33.7) | $34.7 2014 | -35.5 (35.5) | 36.6 we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates. we do not have any interest rate swaps outstanding as of december 31, 2015. we had $1509.7 of cash, cash equivalents and marketable securities as of december 31, 2015 that we generally invest in conservative, short-term bank deposits or securities. the interest income generated from these investments is subject to both domestic and foreign interest rate movements. during 2015 and 2014, we had interest income of $22.8 and $27.4, respectively. based on our 2015 results, a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $15.0, assuming that all cash, cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2015 levels. foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates. since we report revenues and expenses in u.s. dollars, changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses (as expressed in u.s. dollars) from foreign operations. the primary foreign currencies that impacted our results during 2015 included the australian dollar, brazilian real, british pound sterling and euro. based on 2015 exchange rates and operating results, if the u.s. dollar were to strengthen or weaken by 10% (10%), we currently estimate operating income would decrease or increase approximately 4% (4%), assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2015 levels. the functional currency of our foreign operations is generally their respective local currency. assets and liabilities are translated at the exchange rates in effect at the balance sheet date, and revenues and expenses are translated at the average exchange rates during the period presented. the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss, net of tax, in the stockholders 2019 equity section of our consolidated balance sheets. our foreign subsidiaries generally collect revenues and pay expenses in their functional currency, mitigating transaction risk. however, certain subsidiaries may enter into transactions in currencies other than their functional currency. assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement. currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses. we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures. we do not enter into foreign exchange contracts or other derivatives for speculative purposes.. what was the change in the interest income from 2014 to 2015? 4.6 and how much does this change represent in relation to that interest income in 2014? 0.16788 how much is that in percentage?

16.78832

mandatorily redeemable securities of subsidiary trusts total mandatorily redeemable securities of subsidiary trusts (trust preferred securities), which qualify as tier 1 capital, were $23.899 billion at december 31, 2008, as compared to $23.594 billion at december 31, 2007. in 2008, citigroup did not issue any new enhanced trust preferred securities. the frb issued a final rule, with an effective date of april 11, 2005, which retains trust preferred securities in tier 1 capital of bank holding companies, but with stricter quantitative limits and clearer qualitative standards. under the rule, after a five-year transition period, the aggregate amount of trust preferred securities and certain other restricted core capital elements included in tier 1 capital of internationally active banking organizations, such as citigroup, would be limited to 15% (15%) of total core capital elements, net of goodwill, less any associated deferred tax liability. the amount of trust preferred securities and certain other elements in excess of the limit could be included in tier 2 capital, subject to restrictions. at december 31, 2008, citigroup had approximately 11.8% (11.8%) against the limit. the company expects to be within restricted core capital limits prior to the implementation date of march 31, 2009. the frb permits additional securities, such as the equity units sold to adia, to be included in tier 1 capital up to 25% (25%) (including the restricted core capital elements in the 15% (15%) limit) of total core capital elements, net of goodwill less any associated deferred tax liability. at december 31, 2008, citigroup had approximately 16.1% (16.1%) against the limit. the frb granted interim capital relief for the impact of adopting sfas 158 at december 31, 2008 and december 31, 2007. the frb and the ffiec may propose amendments to, and issue interpretations of, risk-based capital guidelines and reporting instructions. these may affect reported capital ratios and net risk-weighted assets. capital resources of citigroup 2019s depository institutions citigroup 2019s subsidiary depository institutions in the united states are subject to risk-based capital guidelines issued by their respective primary federal bank regulatory agencies, which are similar to the frb 2019s guidelines. to be 201cwell capitalized 201d under federal bank regulatory agency definitions, citigroup 2019s depository institutions must have a tier 1 capital ratio of at least 6% (6%), a total capital (tier 1 + tier 2 capital) ratio of at least 10% (10%) and a leverage ratio of at least 5% (5%), and not be subject to a regulatory directive to meet and maintain higher capital levels. at december 31, 2008, all of citigroup 2019s subsidiary depository institutions were 201cwell capitalized 201d under the federal regulatory agencies 2019 definitions, including citigroup 2019s primary depository institution, citibank, n.a., as noted in the following table: citibank, n.a. components of capital and ratios under regulatory guidelines in billions of dollars at year end 2008 2007. in billions of dollars at year end | 2008 | 2007 tier 1 capital | $71.0 | $82.0 total capital (tier 1 and tier 2) | 108.4 | 121.6 tier 1 capital ratio | 9.94% (9.94%) | 8.98% (8.98%) total capital ratio (tier 1 and tier 2) | 15.18 | 13.33 leverage ratio (1) | 5.82 | 6.65 leverage ratio (1) 5.82 6.65 (1) tier 1 capital divided by adjusted average assets. citibank, n.a. had a net loss for 2008 amounting to $6.2 billion. during 2008, citibank, n.a. received contributions from its parent company of $6.1 billion. citibank, n.a. did not issue any additional subordinated notes in 2008. total subordinated notes issued to citicorp holdings inc. that were outstanding at december 31, 2008 and december 31, 2007 and included in citibank, n.a. 2019s tier 2 capital, amounted to $28.2 billion. citibank, n.a. received an additional $14.3 billion in capital contribution from its parent company in january 2009. the impact of this contribution is not reflected in the table above. the substantial events in 2008 impacting the capital of citigroup, and the potential future events discussed on page 94 under 201ccitigroup regulatory capital ratios, 201d also affected, or could affect, citibank, n.a.. what is the total capital in 2008 less tier 1 capital? 37.4 what is total capital from 2007? 121.6 what is tier 1 capital in 2007?

82.0

management 2019s discussion and analysis of financial condition and results of operations 2013 (continued) (amounts in millions, except per share amounts) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity, capital resources and uses of capital.. cash flow data | years ended december 31, 2015 | years ended december 31, 2014 | years ended december 31, 2013 net income adjusted to reconcile net income to net cashprovided by operating activities1 | $848.2 | $831.2 | $598.4 net cash used in working capital2 | -117.5 (117.5) | -131.1 (131.1) | -9.6 (9.6) changes in other non-current assets and liabilities using cash | -56.7 (56.7) | -30.6 (30.6) | 4.1 net cash provided by operating activities | $674.0 | $669.5 | $592.9 net cash used in investing activities | -202.8 (202.8) | -200.8 (200.8) | -224.5 (224.5) net cash used in financing activities | -472.8 (472.8) | -343.9 (343.9) | -1212.3 (1212.3) 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets, amortization of restricted stock and other non-cash compensation, non-cash (gain) loss related to early extinguishment of debt, losses on sales of businesses and deferred income taxes. 2 reflects changes in accounts receivable, expenditures billable to clients, other current assets, accounts payable and accrued liabilities. operating activities net cash provided by operating activities during 2015 was $674.0, which was an improvement of $4.5 as compared to 2014, primarily as a result of an improvement in working capital usage of $13.6. due to the seasonality of our business, we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year, with the largest impacts in the first and fourth quarters. our net working capital usage in 2015 was primarily attributable to our media businesses. net cash provided by operating activities during 2014 was $669.5, which was an improvement of $76.6 as compared to 2013, primarily as a result of an increase in net income, offset by an increase in working capital usage of $121.5. our net working capital usage in 2014 was impacted by our media businesses. the timing of media buying on behalf of our clients affects our working capital and operating cash flow. in most of our businesses, our agencies enter into commitments to pay production and media costs on behalf of clients. to the extent possible, we pay production and media charges after we have received funds from our clients. the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable, expenditures billable to clients, accounts payable and accrued liabilities. our assets include both cash received and accounts receivable from clients for these pass-through arrangements, while our liabilities include amounts owed on behalf of clients to media and production suppliers. our accrued liabilities are also affected by the timing of certain other payments. for example, while annual cash incentive awards are accrued throughout the year, they are generally paid during the first quarter of the subsequent year. investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $161.1, largely attributable to purchases of leasehold improvements and computer hardware. net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions. capital expenditures of $148.7 related primarily to computer hardware and software and leasehold improvements. we made payments of $67.8 related to acquisitions completed during 2014, net of cash acquired.. what is the value of net income adjusted to reconcile net income to net cash provided by operating activities in 2015?

848.2

the aes corporation notes to consolidated financial statements 2014 (continued) december 31, 2016, 2015, and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated (in millions):. december 31, | 2016 | 2015 | 2014 balance at january 1 | $373 | $394 | $392 additions for current year tax positions | 8 | 7 | 7 additions for tax positions of prior years | 1 | 12 | 14 reductions for tax positions of prior years | -1 (1) | -7 (7) | -2 (2) effects of foreign currency translation | 2 | -7 (7) | -3 (3) settlements | -13 (13) | -19 (19) | -2 (2) lapse of statute of limitations | -1 (1) | -7 (7) | -12 (12) balance at december 31 | $369 | $373 | $394 the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years. the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded. while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position, we believe we have appropriately accrued for our uncertain tax benefits. however, audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty. it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material, but cannot be estimated as of december 31, 2016. our effective tax rate and net income in any given future period could therefore be materially impacted. 22. discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016, management has decided to pursue a strategic shift of its distribution companies in brazil, aes sul and eletropaulo. the disposal of sul was completed in october 2016. in december 2016, eletropaulo underwent a corporate restructuring which is expected to, among other things, provide more liquidity of its shares. aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business, including preparation for listing its shares into the novo mercado, which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance. the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016. we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented. upon meeting the held-for-sale criteria, the company recognized an after tax loss of $382 million comprised of a pretax impairment charge of $783 million, offset by a tax benefit of $266 million related to the impairment of the sul long lived assets and a tax benefit of $135 million for deferred taxes related to the investment in aes sul. prior to the impairment charge in the second quarter, the carrying value of the aes sul asset group of $1.6 billion was greater than its approximate fair value less costs to sell. however, the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group. on october 31, 2016, the company completed the sale of aes sul and received final proceeds less costs to sell of $484 million, excluding contingent consideration. upon disposal of aes sul, we incurred an additional after- tax loss on sale of $737 million. the cumulative impact to earnings of the impairment and loss on sale was $1.1 billion. this includes the reclassification of approximately $1 billion of cumulative translation losses, resulting in a net reduction to the company 2019s stockholders 2019 equity of $92 million. sul 2019s pretax loss attributable to aes for the years ended december 31, 2016 and 2015 was $1.4 billion and $32 million, respectively. sul 2019s pretax gain attributable to aes for the year ended december 31, 2014 was $133 million. prior to its classification as discontinued operations, sul was reported in the brazil sbu reportable segment. as discussed in note 1 2014general and summary of significant accounting policies, effective july 1, 2014, the company prospectively adopted asu no. 2014-08. discontinued operations prior to adoption of asu no. 2014-08 include the results of cameroon, saurashtra and various u.s. wind projects which were each sold in the first half of cameroon 2014 in september 2013, the company executed agreements for the sale of its 56% (56%) equity interests in businesses in cameroon: sonel, an integrated utility, kribi, a gas and light fuel oil plant, and dibamba, a heavy. what was the total of unrecognized tax benefits in 2015? 373.0 and what was it in 2014? 394.0 by how much, then, did it change over the year? -21.0 and how much did this change represent in relation to the 2014 total, in percentage? -0.0533 and throughout the subsequent year of this period, what was that change in this total?

-4.0

aon has certain contractual contingent guarantees for premium payments owed by clients to certain insurance companies. the maximum exposure with respect to such contractual contingent guarantees was approximately $48 million at december 31, 2011. aon has provided commitments to fund certain limited partnerships in which it has an interest in the event that the general partners request funding. some of these commitments have specific expiration dates and the maximum potential funding under these commitments was $64 million at december 31, 2011. during 2011, the company funded $15 million of these commitments. aon expects that as prudent business interests dictate, additional guarantees and indemnifications may be issued from time to time. 17. related party transactions during 2011, the company, in the ordinary course of business, provided retail brokerage, consulting and financial advisory services to, and received wholesale brokerage services from, an entity that is controlled by one of the company 2019s stockholders. these transactions were negotiated at an arms-length basis and contain customary terms and conditions. during 2011, commissions and fee revenue from these transactions was approximately $9 million. 18. segment information the company has two reportable operating segments: risk solutions and hr solutions. unallocated income and expenses, when combined with the operating segments and after the elimination of intersegment revenues and expenses, total to the amounts in the consolidated financial statements. reportable operating segments have been determined using a management approach, which is consistent with the basis and manner in which aon 2019s chief operating decision maker (2018 2018codm 2019 2019) uses financial information for the purposes of allocating resources and assessing performance. the codm assesses performance based on operating segment operating income and generally accounts for intersegment revenue as if the revenue were from third parties and at what management believes are current market prices. the company does not present net assets by segment as this information is not reviewed by the codm. risk solutions acts as an advisor and insurance and reinsurance broker, helping clients manage their risks, via consultation, as well as negotiation and placement of insurance risk with insurance carriers through aon 2019s global distribution network. hr solutions partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance by designing, implementing, communicating and administering a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. aon 2019s total revenue is as follows (in millions):. years ended december 31 | 2011 | 2010 | 2009 risk solutions | $6817 | $6423 | $6305 hr solutions | 4501 | 2111 | 1267 intersegment elimination | -31 (31) | -22 (22) | -26 (26) total operating segments | 11287 | 8512 | 7546 unallocated | 2014 | 2014 | 49 total revenue | $11287 | $8512 | $7595 . what was the total revenue in 2011? 11287.0 and what was it in 2010?

8512.0

material impact on the service cost and interest cost components of net periodic benefit costs for a 1% (1%) change in the assumed health care trend rate. for most of the participants in the u.s. plan, aon 2019s liability for future plan cost increases for pre-65 and medical supplement plan coverage is limited to 5% (5%) per annum. because of this cap, net employer trend rates for these plans are effectively limited to 5% (5%) per year in the future. during 2007, aon recognized a plan amendment which phases out post-65 retiree coverage in its u.s. plan over the next three years. the impact of this amendment on net periodic benefit cost is being recognized over the average remaining service life of the employees. 14. stock compensation plans the following table summarizes stock-based compensation expense recognized in continuing operations in the consolidated statements of income in compensation and benefits (in millions):. years ended december 31 | 2010 | 2009 | 2008 rsus | $138 | $124 | $132 performance plans | 62 | 60 | 67 stock options | 17 | 21 | 24 employee stock purchase plans | 4 | 4 | 3 total stock-based compensation expense | 221 | 209 | 226 tax benefit | 75 | 68 | 82 stock-based compensation expense net of tax | $146 | $141 | $144 during 2009, the company converted its stock administration system to a new service provider. in connection with this conversion, a reconciliation of the methodologies and estimates utilized was performed, which resulted in a $12 million reduction of expense for the year ended december 31, 2009. stock awards stock awards, in the form of rsus, are granted to certain employees and consist of both performance-based and service-based rsus. service-based awards generally vest between three and ten years from the date of grant. the fair value of service-based awards is based upon the market value of the underlying common stock at the date of grant. with certain limited exceptions, any break in continuous employment will cause the forfeiture of all unvested awards. compensation expense associated with stock awards is recognized over the service period. dividend equivalents are paid on certain service-based rsus, based on the initial grant amount. performance-based rsus have been granted to certain employees. vesting of these awards is contingent upon meeting various individual, divisional or company-wide performance conditions, including revenue generation or growth in revenue, pretax income or earnings per share over a one- to five-year period. the performance conditions are not considered in the determination of the grant date fair value for these awards. the fair value of performance-based awards is based upon the market price of the underlying common stock at the date of grant. compensation expense is recognized over the performance period, and in certain cases an additional vesting period, based on management 2019s estimate of the number of units expected to vest. compensation expense is adjusted to reflect the actual number of shares paid out at the end of the programs. the actual payout of shares under these performance- based plans may range from 0-200% (0-200%) of the number of units granted, based on the plan. dividend equivalents are generally not paid on the performance-based rsus. during 2010, the company granted approximately 1.6 million shares in connection with the completion of the 2007 leadership performance plan (2018 2018lpp 2019 2019) cycle and 84000 shares related to other performance plans. during 2010, 2009 and 2008, the company granted approximately 3.5 million. what was the difference in total stock-based compensation expense between 2009 and 2010? 12.0 and the specific value for 2009 again?

209.0

performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock, which is listed on the nyse under the ticker symbol 201cc 201d and held by 65691 common stockholders of record as of january 31, 2018, with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31, 2017. the graph and table assume that $100 was invested on december 31, 2012 in citi 2019s common stock, the s&p 500 index and the s&p financial index, and that all dividends were reinvested. comparison of five-year cumulative total return for the years ended date citi s&p 500 financials. date | citi | s&p 500 | s&p financials 31-dec-2012 | 100.0 | 100.0 | 100.0 31-dec-2013 | 131.8 | 132.4 | 135.6 31-dec-2014 | 137.0 | 150.5 | 156.2 31-dec-2015 | 131.4 | 152.6 | 153.9 31-dec-2016 | 152.3 | 170.8 | 188.9 31-dec-2017 | 193.5 | 208.1 | 230.9 . what is the price of citi in 2017? 193.5 what is that less 100? 93.5 what is the value of the s&p 500 in 2017? 208.1 what is that less 100? 108.1 what is the ratio of the difference of citi to the s&p 500?

1.15615

notes to consolidated financial statements 2014 (continued) in connection with these discover related purchases, we have sold the contractual rights to future commissions on discover transactions to certain of our isos. contractual rights sold totaled $7.6 million during the year ended may 31, 2008 and $1.0 million during fiscal 2009. such sale proceeds are generally collected in installments over periods ranging from three to nine months. during fiscal 2009, we collected $4.4 million of such proceeds, which are included in the proceeds from sale of investment and contractual rights in our consolidated statement of cash flows. we do not recognize gains on these sales of contractual rights at the time of sale. proceeds are deferred and recognized as a reduction of the related commission expense. during fiscal 2009, we recognized $1.2 million of such deferred sales proceeds as other long-term liabilities. other 2008 acquisitions during fiscal 2008, we acquired a majority of the assets of euroenvios money transfer, s.a. and euroenvios conecta, s.l., which we collectively refer to as lfs spain. lfs spain consisted of two privately- held corporations engaged in money transmittal and ancillary services from spain to settlement locations primarily in latin america. the purpose of the acquisition was to further our strategy of expanding our customer base and market share by opening additional branch locations. during fiscal 2008, we acquired a series of money transfer branch locations in the united states. the purpose of these acquisitions was to increase the market presence of our dolex-branded money transfer offering. the following table summarizes the preliminary purchase price allocations of all these fiscal 2008 business acquisitions (in thousands):. - | total goodwill | $13536 customer-related intangible assets | 4091 contract-based intangible assets | 1031 property and equipment | 267 other current assets | 502 total assets acquired | 19427 current liabilities | -2347 (2347) minority interest in equity of subsidiary (at historical cost) | -486 (486) net assets acquired | $16594 the customer-related intangible assets have amortization periods of up to 14 years. the contract-based intangible assets have amortization periods of 3 to 10 years. these business acquisitions were not significant to our consolidated financial statements and accordingly, we have not provided pro forma information relating to these acquisitions. in addition, during fiscal 2008, we acquired a customer list and long-term merchant referral agreement in our canadian merchant services channel for $1.7 million. the value assigned to the customer list of $0.1 million was expensed immediately. the remaining value was assigned to the merchant referral agreement and is being amortized on a straight-line basis over its useful life of 10 years. fiscal 2007 on july 24, 2006, we completed the purchase of a fifty-six percent ownership interest in the asia-pacific merchant acquiring business of the hongkong and shanghai banking corporation limited, or hsbc asia pacific. this business provides card payment processing services to merchants in the asia-pacific region. the. what is the sum of goodwill and customer related intangible assets?

17627.0

shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission, nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934, each as amended, except to the extent that the company specifically incorporates it by reference into such filing. the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock, the s&p 500 index, and the dow jones transportation average. the comparison of the total cumulative return on investment, which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods, assumes that $100 was invested on december 31, 2001 in the s&p 500 index, the dow jones transportation average, and the class b common stock of united parcel service, inc. comparison of five year cumulative total return $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 2001 2002 2003 2004 2005 2006 s&p 500 ups dj transport. - | 12/31/01 | 12/31/02 | 12/31/03 | 12/31/04 | 12/31/05 | 12/31/06 united parcel service inc. | $100.00 | $117.19 | $140.49 | $163.54 | $146.35 | $148.92 s&p 500 index | $100.00 | $77.90 | $100.24 | $111.15 | $116.61 | $135.02 dow jones transportation average | $100.00 | $88.52 | $116.70 | $149.06 | $166.42 | $182.76 securities authorized for issuance under equity compensation plans the following table provides information as of december 31, 2006 regarding compensation plans under which our class a common stock is authorized for issuance. these plans do not authorize the issuance of our class b common stock.. what is the price of united parcel service stock in 2006 less 100?

48.92

software and will give the company a comprehensive design-to-silicon flow that links directly into the semiconductor manufacturing process. integrating hpl 2019s yield management and test chip technologies into the company 2019s industry-leading dfm portfolio is also expected to enable customers to increase their productivity and improve profitability in the design and manufacture of advanced semiconductor devices. purchase price. the company paid $11.0 million in cash for all outstanding shares of hpl. in addition, the company had a prior investment in hpl of approximately $1.9 million. the total purchase consideration consisted of:. - | (in thousands) cash paid | $11001 prior investment in hpl | 1872 acquisition-related costs | 2831 total purchase price | $15704 acquisition-related costs of $2.8 million consist primarily of legal, tax and accounting fees of $1.6 million, $0.3 million of estimated facilities closure costs and other directly related charges, and $0.9 million in employee termination costs. as of october 31, 2006, the company had paid $2.2 million of the acquisition related costs, of which $1.1 million were for professional services costs, $0.2 million were for facilities closure costs and $0.9 million were for employee termination costs. the $0.6 million balance remaining at october 31, 2006 consists of professional and tax-related service fees and facilities closure costs. assets acquired. the company acquired $8.5 million of intangible assets consisting of $5.1 million in core developed technology, $3.2 million in customer relationships and $0.2 million in backlog to be amortized over two to four years. approximately $0.8 million of the purchase price represents the fair value of acquired in-process research and development projects that have not yet reached technological feasibility and have no alternative future use. accordingly, the amount was immediately expensed and included in the company 2019s condensed consolidated statement of operations for the first quarter of fiscal year 2006. additionally, the company acquired tangible assets of $14.0 million and assumed liabilities of $10.9 million. goodwill, representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger was $3.4 million. goodwill resulted primarily from the company 2019s expectation of synergies from the integration of hpl 2019s technology with the company 2019s technology and operations. other. during the fiscal year 2006, the company completed an asset acquisition for cash consideration of $1.5 million. this acquisition is not considered material to the company 2019s consolidated balance sheet and results of operations. fiscal 2005 acquisitions nassda corporation (nassda) the company acquired nassda on may 11, 2005. reasons for the acquisition. the company believes nassda 2019s full-chip circuit simulation and analysis software will broaden its offerings of transistor-level circuit simulation tools, particularly in the area of mixed-signal and memory design. purchase price. the company acquired all the outstanding shares of nassda for total cash consideration of $200.2 million, or $7.00 per share. in addition, as required by the merger agreement, certain nassda officers, directors and employees who were defendants in certain preexisting litigation. what was the total of intangible assets, in millions? 8.5 what is that in thousands? 8500.0 and what percentage did this total represent in relation to the total purchase price?

0.54126

edwards lifesciences corporation notes to consolidated financial statements (continued) 13. common stock (continued) the company also maintains the nonemployee directors stock incentive compensation program (the 2018 2018nonemployee directors program 2019 2019). under the nonemployee directors program, upon a director 2019s initial election to the board, the director receives an initial grant of stock options or restricted stock units equal to a fair market value on grant date of $0.2 million, not to exceed 20000 shares. these grants vest over three years from the date of grant, subject to the director 2019s continued service. in addition, annually each nonemployee director may receive up to 40000 stock options or 16000 restricted stock units of the company 2019s common stock, or a combination thereof, provided that in no event may the total value of the combined annual award exceed $0.2 million. these grants generally vest over one year from the date of grant. under the nonemployee directors program, an aggregate of 2.8 million shares of the company 2019s common stock has been authorized for issuance. the company has an employee stock purchase plan for united states employees and a plan for international employees (collectively 2018 2018espp 2019 2019). under the espp, eligible employees may purchase shares of the company 2019s common stock at 85% (85%) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase. under the espp, employees can authorize the company to withhold up to 12% (12%) of their compensation for common stock purchases, subject to certain limitations. the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states, to the extent permitted by local law. the espp for united states employees is qualified under section 423 of the internal revenue code. the number of shares of common stock authorized for issuance under the espp was 13.8 million shares. the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables. the risk-free interest rate is estimated using the u.s. treasury yield curve and is based on the expected term of the award. expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards lifesciences 2019 stock and the implied volatility from traded options on edwards lifesciences 2019 stock. the expected term of awards granted is estimated from the vesting period of the award, as well as historical exercise behavior, and represents the period of time that awards granted are expected to be outstanding. the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 6.0% (6.0%). the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods: option awards. - | 2016 | 2015 | 2014 average risk-free interest rate | 1.1% (1.1%) | 1.4% (1.4%) | 1.5% (1.5%) expected dividend yield | none | none | none expected volatility | 33% (33%) | 30% (30%) | 31% (31%) expected life (years) | 4.5 | 4.6 | 4.6 fair value per share | $31.00 | $18.13 | $11.75 . what is the fair value per share in 2015? 18.13 what is it in 2014?

11.75

notes to consolidated financial statements 2014 (continued) in connection with these discover related purchases, we have sold the contractual rights to future commissions on discover transactions to certain of our isos. contractual rights sold totaled $7.6 million during the year ended may 31, 2008 and $1.0 million during fiscal 2009. such sale proceeds are generally collected in installments over periods ranging from three to nine months. during fiscal 2009, we collected $4.4 million of such proceeds, which are included in the proceeds from sale of investment and contractual rights in our consolidated statement of cash flows. we do not recognize gains on these sales of contractual rights at the time of sale. proceeds are deferred and recognized as a reduction of the related commission expense. during fiscal 2009, we recognized $1.2 million of such deferred sales proceeds as other long-term liabilities. other 2008 acquisitions during fiscal 2008, we acquired a majority of the assets of euroenvios money transfer, s.a. and euroenvios conecta, s.l., which we collectively refer to as lfs spain. lfs spain consisted of two privately- held corporations engaged in money transmittal and ancillary services from spain to settlement locations primarily in latin america. the purpose of the acquisition was to further our strategy of expanding our customer base and market share by opening additional branch locations. during fiscal 2008, we acquired a series of money transfer branch locations in the united states. the purpose of these acquisitions was to increase the market presence of our dolex-branded money transfer offering. the following table summarizes the preliminary purchase price allocations of all these fiscal 2008 business acquisitions (in thousands):. - | total goodwill | $13536 customer-related intangible assets | 4091 contract-based intangible assets | 1031 property and equipment | 267 other current assets | 502 total assets acquired | 19427 current liabilities | -2347 (2347) minority interest in equity of subsidiary (at historical cost) | -486 (486) net assets acquired | $16594 the customer-related intangible assets have amortization periods of up to 14 years. the contract-based intangible assets have amortization periods of 3 to 10 years. these business acquisitions were not significant to our consolidated financial statements and accordingly, we have not provided pro forma information relating to these acquisitions. in addition, during fiscal 2008, we acquired a customer list and long-term merchant referral agreement in our canadian merchant services channel for $1.7 million. the value assigned to the customer list of $0.1 million was expensed immediately. the remaining value was assigned to the merchant referral agreement and is being amortized on a straight-line basis over its useful life of 10 years. fiscal 2007 on july 24, 2006, we completed the purchase of a fifty-six percent ownership interest in the asia-pacific merchant acquiring business of the hongkong and shanghai banking corporation limited, or hsbc asia pacific. this business provides card payment processing services to merchants in the asia-pacific region. the. what is the value of goodwill? 13536.0 what is the value of customer-related intangible assets? 4091.0 what is the sum? 17627.0 what is the sum including contract-based intangible assets?

18658.0

masco corporation notes to consolidated financial statements (continued) h. goodwill and other intangible assets (continued) goodwill at december 31, accumulated impairment losses goodwill at december 31, 2010 additions (a) discontinued operations (b) pre-tax impairment charge other (c) goodwill at december 31, cabinets and related products........... $587 $(364) $223 $2014 $2014 $(44) $2 $181. - | gross goodwill at december 31 2010 | accumulated impairment losses | net goodwill at december 31 2010 | additions (a) | discontinued operations (b) | pre-tax impairment charge | other (c) | net goodwill at december 31 2011 cabinets and related products | $587 | $-364 (364) | $223 | $2014 | $2014 | $-44 (44) | $2 | $181 plumbing products | 536 | -340 (340) | 196 | 9 | 2014 | 2014 | -4 (4) | 201 installation and other services | 1819 | -762 (762) | 1057 | 2014 | -13 (13) | 2014 | 2014 | 1044 decorative architectural products | 294 | 2014 | 294 | 2014 | 2014 | -75 (75) | 2014 | 219 other specialty products | 980 | -367 (367) | 613 | 2014 | 2014 | -367 (367) | 2014 | 246 total | $4216 | $-1833 (1833) | $2383 | $9 | $-13 (13) | $-486 (486) | $-2 (2) | $1891 (a) additions include acquisitions. (b) during 2011, the company reclassified the goodwill related to the business units held for sale. subsequent to the reclassification, the company recognized a charge for those business units expected to be divested at a loss; the charge included a write-down of goodwill of $13 million. (c) other principally includes the effect of foreign currency translation and purchase price adjustments related to prior-year acquisitions. in the fourth quarters of 2012 and 2011, the company completed its annual impairment testing of goodwill and other indefinite-lived intangible assets. the impairment test in 2012 indicated there was no impairment of goodwill for any of the company 2019s reporting units. the impairment test in 2011 indicated that goodwill recorded for certain of the company 2019s reporting units was impaired. the company recognized the non-cash, pre-tax impairment charges, in continuing operations, for goodwill of $486 million ($330 million, after tax) for 2011. in 2011, the pre-tax impairment charge in the cabinets and related products segment relates to the european ready-to- assemble cabinet manufacturer and reflects the declining demand for certain products, as well as decreased operating margins. the pre-tax impairment charge in the decorative architectural products segment relates to the builders 2019 hardware business and reflects increasing competitive conditions for that business. the pre-tax impairment charge in the other specialty products segment relates to the north american window and door business and reflects the continuing weak level of new home construction activity in the western u.s., the reduced levels of repair and remodel activity and the expectation that recovery in these segments will be modestly slower than anticipated. the company then assessed the long-lived assets associated with these business units and determined no impairment was necessary at december 31, 2011. other indefinite-lived intangible assets were $132 million and $174 million at december 31, 2012 and 2011, respectively, and principally included registered trademarks. in 2012 and 2011, the impairment test indicated that the registered trademark for a north american business unit in the other specialty products segment and the registered trademark for a north american business unit in the plumbing products segment (2011 only) were impaired due to changes in the long-term outlook for the business units. the company recognized non-cash, pre-tax impairment charges for other indefinite- lived intangible assets of $42 million ($27 million, after tax) and $8 million ($5 million, after tax) in 2012 and 2011, respectively. in 2010, the company recognized non-cash, pre-tax impairment charges for other indefinite-lived intangible assets of $10 million ($6 million after tax) related to the installation and other services segment ($9 million pre-tax) and the plumbing products segment ($1 million pre-tax).. what was the change in total net goodwill between 2010 and 2011?

-492.0

conditions and changes to regulatory capital requirements under basel iii capital standards. beginning in 2014, other comprehensive income related to available for sale securities (as well as pension and other post-retirement plans) are included in pnc 2019s regulatory capital (subject to a phase-in schedule) and, therefore will affect pnc 2019s regulatory capital ratios. for additional information, see the supervision and regulation section in item 1 2013 business and the capital portion of the balance sheet review section in this item 7 of this report. the duration of investment securities was 2.9 years at december 31, 2013. we estimate that, at december 31, 2013, the effective duration of investment securities was 3.0 years for an immediate 50 basis points parallel increase in interest rates and 2.8 years for an immediate 50 basis points parallel decrease in interest rates. comparable amounts at december 31, 2012 were 2.3 years and 2.2 years, respectively. we conduct a quarterly comprehensive security-level impairment assessment on all securities. for securities in an unrealized loss position, we determine whether the loss represents otti. for debt securities that we neither intend to sell nor believe we will be required to sell prior to expected recovery, we recognize the credit portion of otti charges in current earnings and include the noncredit portion of otti in net unrealized gains (losses) on otti securities on our consolidated statement of comprehensive income and net of tax in accumulated other comprehensive income (loss) on our consolidated balance sheet. during 2013 and 2012 we recognized otti credit losses of $16 million and $111 million, respectively. substantially all of the credit losses related to residential mortgage-backed and asset-backed securities collateralized by non-agency residential loans. if current housing and economic conditions were to deteriorate from current levels, and if market volatility and illiquidity were to deteriorate from current levels, or if market interest rates were to increase or credit spreads were to widen appreciably, the valuation of our investment securities portfolio could be adversely affected and we could incur additional otti credit losses that would impact our consolidated income statement. additional information regarding our investment securities is included in note 8 investment securities and note 9 fair value in the notes to consolidated financial statements included in item 8 of this report. loans held for sale table 15: loans held for sale in millions december 31 december 31. in millions | december 312013 | december 312012 commercial mortgages at fair value | $586 | $772 commercial mortgages at lower of cost or fair value | 281 | 620 total commercial mortgages | 867 | 1392 residential mortgages at fair value | 1315 | 2096 residential mortgages at lower of cost or fair value | 41 | 124 total residential mortgages | 1356 | 2220 other | 32 | 81 total | $2255 | $3693 for commercial mortgages held for sale designated at fair value, we stopped originating these and continue to pursue opportunities to reduce these positions. at december 31, 2013, the balance relating to these loans was $586 million compared to $772 million at december 31, 2012. for commercial mortgages held for sale carried at lower of cost or fair value, we sold $2.8 billion in 2013 compared to $2.2 billion in 2012. all of these loan sales were to government agencies. total gains of $79 million were recognized on the valuation and sale of commercial mortgage loans held for sale, net of hedges, in 2013, and $41 million in 2012. residential mortgage loan origination volume was $15.1 billion in 2013 compared to $15.2 billion in 2012. substantially all such loans were originated under agency or federal housing administration (fha) standards. we sold $14.7 billion of loans and recognized related gains of $568 million in 2013. the comparable amounts for 2012 were $13.8 billion and $747 million, respectively. interest income on loans held for sale was $157 million in 2013 and $168 million in 2012. these amounts are included in other interest income on our consolidated income statement. additional information regarding our loan sale and servicing activities is included in note 3 loan sales and servicing activities and variable interest entities and note 9 fair value in our notes to consolidated financial statements included in item 8 of this report. goodwill and other intangible assets goodwill and other intangible assets totaled $11.3 billion at december 31, 2013 and $10.9 billion at december 31, 2012. the increase of $.4 billion was primarily due to additions to and changes in value of mortgage and other loan servicing rights. see additional information regarding our goodwill and intangible assets in note 10 goodwill and other intangible assets included in the notes to consolidated financial statements in item 8 of this report. 44 the pnc financial services group, inc. 2013 form 10-k. between the years of 2012 and 2013, what was the change in the total of residential mortgages, in millions? -864.0 and what was the combined total of those mortgages in the two years, also in millions?

3576.0

the following table sets forth information concerning increases in the total number of our aap stores during the past five years:. - | 2012 | 2011 | 2010 | 2009 | 2008 beginning stores | 3460 | 3369 | 3264 | 3243 | 3153 new stores (1) | 116 | 95 | 110 | 75 | 109 stores closed | 2014 | -4 (4) | -5 (5) | -54 (54) | -19 (19) ending stores | 3576 | 3460 | 3369 | 3264 | 3243 (1) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores. store technology. our store-based information systems are comprised of a proprietary and integrated point of sale, electronic parts catalog, or epc, and store-level inventory management system (collectively "store system"). information maintained by our store system is used to formulate pricing, marketing and merchandising strategies and to replenish inventory accurately and rapidly. our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year, make, model and engine type of their vehicles. our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku, adjust stock levels for select items for store specific events, automatically process returns and defective merchandise, designate skus for cycle counts and track merchandise transfers. if a hard-to-find part or accessory is not available at one of our stores, the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors. available parts and accessories are then ordered electronically from another store, hub, pdq ae or directly from the vendor with immediate confirmation of price, availability and estimated delivery time. our centrally-based epc data management system enables us to reduce the time needed to (i) exchange data with our vendors and (ii) catalog and deliver updated, accurate parts information. we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities. all of these systems are tightly integrated and provide real-time, comprehensive information to store personnel, resulting in improved customer service levels, team member productivity and in-stock availability. we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience. among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project. store support center merchandising. purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations: 2022 store support center in roanoke, virginia; 2022 regional office in minneapolis, minnesota; and 2022 global sourcing office in taipei, taiwan. our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories, oil and chemicals. our global sourcing team works closely with both teams. in fiscal 2012, we purchased merchandise from approximately 450 vendors, with no single vendor accounting for more than 9% (9%) of purchases. our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms, including pricing, payment terms and volume. the merchandising team has developed strong vendor relationships in the industry and, in a collaborative effort with our vendor partners, utilizes a category management process where we manage the mix of our product offerings to meet customer demand. we believe this process, which develops a customer-focused business plan for each merchandise category, and our global sourcing operation are critical to improving comparable store sales, gross margin and inventory productivity.. what was the number of new stores in 2008 and 2012?

225.0

supplementary information on oil and gas producing activities (unaudited) c o n t i n u e d summary of changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves (in millions) 2007 2006 2005 sales and transfers of oil and gas produced, net of production, transportation and administrative costs $(4887) $(5312) $(3754) net changes in prices and production, transportation and administrative costs related to future production 12845 (1342) 6648. (in millions) | 2007 | 2006 | 2005 sales and transfers of oil and gas produced net of production transportation and administrative costs | $-4887 (4887) | $-5312 (5312) | $-3754 (3754) net changes in prices and production transportation and administrative costs related to future production | 12845 | -1342 (1342) | 6648 extensions discoveries and improved recovery less related costs | 1816 | 1290 | 700 development costs incurred during the period | 1654 | 1251 | 1030 changes in estimated future development costs | -1727 (1727) | -527 (527) | -552 (552) revisions of previous quantity estimates | 290 | 1319 | 820 net changes in purchases and sales of minerals in place | 23 | 30 | 4557 accretion of discount | 1726 | 1882 | 1124 net change in income taxes | -6751 (6751) | -660 (660) | -6694 (6694) timing and other | -12 (12) | -14 (14) | 307 net change for the year | 4977 | -2083 (2083) | 4186 beginning of year | 8518 | 10601 | 6415 end of year | $13495 | $8518 | $10601 net change for the year from discontinued operations | $2013 | $-216 (216) | $162 . what was the net change in development costs from 2006 to 2007? 403.0 what were development costs in 2007?

1654.0

generally, our variable-rate home equity lines of credit have either a seven or ten year draw period, followed by a 20 year amortization term. during the draw period, we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest. based upon outstanding balances at december 31, 2011, the following table presents the periods when home equity lines of credit draw periods are scheduled to end. home equity lines of credit - draw period end dates in millions interest only product principal and interest product. in millions | interest only product | principal and interest product 2012 | $904 | $266 2013 | 1211 | 331 2014 | 2043 | 598 2015 | 1988 | 820 2016 and thereafter | 6961 | 5601 total (a) | $13107 | $7616 (a) includes approximately $306 million, $44 million, $60 million, $100 million, and $246 million of home equity lines of credit with balloon payments with draw periods scheduled to end in 2012, 2013, 2014, 2015, and 2016 and thereafter, respectively. we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only, as these borrowers have a demonstrated ability to make some level of principal and interest payments. based upon outstanding balances, and excluding purchased impaired loans, at december 31, 2011, for home equity lines of credit for which the borrower can no longer draw (e.g., draw period has ended or borrowing privileges have been terminated), approximately 4.32% (4.32%) were 30-89 days past due and approximately 5.57% (5.57%) were greater than or equal to 90 days past due. generally, when a borrower becomes 60 days past due, we terminate borrowing privileges, and those privileges are not subsequently reinstated. at that point, we continue our collection/recovery processes, which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr. see note 5 asset quality and allowances for loan and lease losses and unfunded loan commitments and letters of credit in the notes to consolidated financial statements in item 8 of this report for additional information. loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure, where appropriate. initially, a borrower is evaluated for a modification under a government program. if a borrower does not qualify under a government program, the borrower is then evaluated under a pnc program. our programs utilize both temporary and permanent modifications and typically reduce the interest rate, extend the term and/or defer principal. temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs. further, certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs. additional detail on tdrs is discussed below as well as in note 5 asset quality and allowances for loan and lease losses and unfunded loan commitments and letters of credit in the notes to consolidated financial statements in item 8 of this report. a temporary modification, with a term between three and 60 months, involves a change in original loan terms for a period of time and reverts to the original loan terms as of a specific date or the occurrence of an event, such as a failure to pay in accordance with the terms of the modification. typically, these modifications are for a period of up to 24 months after which the interest rate reverts to the original loan rate. a permanent modification, with a term greater than 60 months, is a modification in which the terms of the original loan are changed. permanent modifications primarily include the government-created home affordable modification program (hamp) or pnc-developed hamp-like modification programs. for consumer loan programs, such as residential mortgages and home equity loans and lines, we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance. examples of this situation often include delinquency due to illness or death in the family, or a loss of employment. permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount, but our expectation is that payments at lower amounts can be made. residential mortgage and home equity loans and lines have been modified with changes in terms for up to 60 months, although the majority involve periods of three to 24 months. we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses. the following tables provide the number of accounts and unpaid principal balance of modified consumer real estate related loans as well as the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months, nine months and twelve months after the modification date. 78 the pnc financial services group, inc. 2013 form 10-k. what is the sum of interest only product in 2012 and principal and interest product in 2012? 1170.0 what is the value of principal and interest product in 2012?

266.0

entergy corporation notes to consolidated financial statements (d) the bonds are subject to mandatory tender for purchase from the holders at 100% (100%) of the principal amount outstanding on october 1, 2003 and will then be remarketed. (e) on june 1, 2002, entergy louisiana remarketed $55 million st. charles parish pollution control revenue refunding bonds due 2030, resetting the interest rate to 4.9% (4.9%) through may 2005. (f) the bonds are subject to mandatory tender for purchase from the holders at 100% (100%) of the principal amount outstanding on june 1, 2005 and will then be remarketed. (g) the fair value excludes lease obligations, long-term doe obligations, and other long-term debt and includes debt due within one year. it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms. the annual long-term debt maturities (excluding lease obligations) and annual cash sinking fund requirements for debt outstanding as of december 31, 2002, for the next five years are as follows (in thousands):. 2003 | $1150786 2004 | $925005 2005 | $540372 2006 | $139952 2007 | $475288 not included are other sinking fund requirements of approximately $30.2 million annually, which may be satisfied by cash or by certification of property additions at the rate of 167% (167%) of such requirements. in december 2002, when the damhead creek project was sold, the buyer of the project assumed all obligations under the damhead creek credit facilities and the damhead creek interest rate swap agreements. 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 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. covenants in the entergy corporation 7.75% (7.75%) notes require it to maintain a consolidated debt ratio of 65% (65%) or less of its total capitalization. if entergy's debt ratio exceeds this limit, or if entergy or certain of the domestic utility companies default on other credit facilities or are in bankruptcy or insolvency proceedings, an acceleration of the facility's maturity may occur. in january 2003, entergy paid in full, at maturity, the outstanding debt relating to the top of iowa wind project. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to: fffd maintain system energy's equity capital at a minimum of 35% (35%) of its total capitalization (excluding short-term debt); fffd permit the continued commercial operation of grand gulf 1; fffd pay in full all system energy indebtedness for borrowed money when due; and fffd 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.. what was the total of annual long-term debt maturities (excluding lease obligations) and annual cash sinking fund requirements for debt outstanding in 2005? 925005.0 what was that in 2004?

540372.0

transaction and commercial issues in many of our businesses. these skills are a valuable resource as we monitor regulatory and tariff schemes to determine our capital budgeting needs and integrate acquisitions. the company expects to realize cost reduction and performance improvement benefits in both earnings and cash flows; however, there can be no assurance that the reductions and improvements will continue and our inability to sustain the reductions and improvements may result in less than expected earnings and cash flows in 2004 and beyond. asset sales during 2003, we continued the initiative to sell all or part of certain of the company 2019s subsidiaries. this initiative was designed to decrease the company 2019s dependence on access to capital markets and improve the strength of our balance sheet by reducing financial leverage and improving liquidity. the following chart details the asset sales that were closed during 2003. sales proceeds project name date completed (in millions) location. project name | date completed | sales proceeds (in millions) | location cilcorp/medina valley | january 2003 | $495 | united states aes ecogen/aes mt. stuart | january 2003 | $59 | australia mountainview | march 2003 | $30 | united states kelvin | march 2003 | $29 | south africa songas | april 2003 | $94 | tanzania aes barry limited | july 2003 | a340/$62 | united kingdom aes haripur private ltd/aes meghnaghat ltd | december 2003 | $145 | bangladesh aes mtkvari/aes khrami/aes telasi | august 2003 | $23 | republic of georgia medway power limited/aes medway operations limited | november 2003 | a347/$78 | united kingdom aes oasis limited | december 2003 | $150 | pakistan/oman the company continues to evaluate its portfolio and business performance and may decide to dispose of additional businesses in the future. however given the improvements in our liquidity there will be a lower emphasis placed on asset sales in the future for purposes of improving liquidity and strengthening the balance sheet. for any sales that happen in the future, there can be no guarantee that the proceeds from such sale transactions will cover the entire investment in the subsidiaries. depending on which businesses are eventually sold, the entire or partial sale of any business may change the current financial characteristics of the company 2019s portfolio and results of operations. furthermore future sales may impact the amount of recurring earnings and cash flows the company would expect to achieve. subsidiary restructuring during 2003, we completed and initiated restructuring transactions for several of our south american businesses. the efforts are focused on improving the businesses long-term prospects for generating acceptable returns on invested capital or extending short-term debt maturities. businesses impacted include eletropaulo, tiete, uruguaiana and sul in brazil and gener in chile. brazil eletropaulo. aes has owned an interest in eletropaulo since april 1998, when the company was privatized. in february 2002 aes acquired a controlling interest in the business and as a consequence started to consolidate it. aes financed a significant portion of the acquisition of eletropaulo, including both common and preferred shares, through loans and deferred purchase price financing arrangements provided by the brazilian national development bank 2014 (2018 2018bndes 2019 2019), and its wholly-owned subsidiary, bndes participac 0327o 0303es s.a. (2018 2018bndespar 2019 2019), to aes 2019s subsidiaries, aes elpa s.a. (2018 2018aes elpa 2019 2019) and aes transgas empreendimentos, s.a. (2018 2018aes transgas 2019 2019).. what were the sales proceeds from cilcorp/medina valley in january 2003?

495.0

goodwill goodwill represents the excess of the solexa purchase price over the sum of the amounts assigned to assets acquired less liabilities assumed. the company believes that the acquisition of solexa will produce the following significant benefits: 2022 increased market presence and opportunities. the combination of the company and solexa should increase the combined company 2019s market presence and opportunities for growth in revenue, earnings and stockholder return. the company believes that the solexa technology is highly complementary to the company 2019s own portfolio of products and services and will enhance the company 2019s capabilities to service its existing customers, as well as accelerate the develop- ment of additional technologies, products and services. the company believes that integrating solexa 2019s capabilities with the company 2019s technologies will better position the company to address the emerging biomarker research and development and in-vitro and molecular diag- nostic markets. the company began to recognize revenue from products shipped as a result of this acquisition during the first quarter of 2007. 2022 operating efficiencies. the combination of the company and solexa provides the opportunity for potential economies of scale and cost savings. the company believes that these primary factors support the amount of goodwill recognized as a result of the purchase price paid for solexa, in relation to other acquired tangible and intangible assets, including in-process research and development. the following unaudited pro forma information shows the results of the company 2019s operations for the specified reporting periods as though the acquisition had occurred as of the beginning of that period (in thousands, except per share data): year ended december 30, year ended december 31. - | year ended december 30 2007 | year ended december 31 2006 revenue | $366854 | $187103 net income (loss) | $17388 | $-38957 (38957) net income (loss) per share basic | $0.32 | $-0.68 (0.68) net income (loss) per share diluted | $0.29 | $-0.68 (0.68) the pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the actual results of operations had the acquisition taken place as of the beginning of the periods presented, or the results that may occur in the future. the pro forma results exclude the $303.4 million non-cash acquired ipr&d charge recorded upon the closing of the acquisition during the first quarter of 2007. investment in solexa on november 12, 2006, the company entered into a definitive securities purchase agreement with solexa in which the company invested approximately $50 million in solexa in exchange for 5154639 newly issued shares of solexa common stock in conjunction with the merger of the two companies. this investment was valued at $67.8 million as of december 31, 2006, which represented a market value of $13.15 per share of solexa common stock. this investment was eliminated as part of the company 2019s purchase accounting upon the closing of the merger on january 26, 2007. illumina, inc. notes to consolidated financial statements 2014 (continued). what were revenues in 2007? 366854.0 what were they in 2006? 187103.0 what is the net difference?

179751.0

entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to: fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates; and fffd lower interest earned on declining deferred fuel balances. the decrease in interest charges in 2002 is primarily due to: fffd a decrease of $31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002; and fffd a decrease of $76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001. the refund was made in december 2001. 2001 compared to 2000 results for the year ended december 31, 2001 for u.s. utility were also affected by an increase in interest charges of $61.5 million primarily due to: fffd the final ferc order addressing the 1995 system energy rate filing; fffd debt issued at entergy arkansas in july 2001, at entergy gulf states in june 2000 and august 2001, at entergy mississippi in january 2001, and at entergy new orleans in july 2000 and february 2001; and fffd borrowings under credit facilities during 2001, primarily at entergy arkansas. non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $128 million to $201 million was primarily due to the operation of indian point 2 and vermont yankee, which were purchased in september 2001 and july 2002, respectively. the increase in earnings in 2001 for non-utility nuclear from $49 million to $128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year, as each was purchased in november 2000, and the operation of indian point 2, which was purchased in september 2001. following are key performance measures for non-utility nuclear:. - | 2002 | 2001 | 2000 net mw in operation at december 31 | 3955 | 3445 | 2475 generation in gwh for the year | 29953 | 22614 | 7171 capacity factor for the year | 93% (93%) | 93% (93%) | 94% (94%) 2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee (except as otherwise noted): fffd operating revenues increased $411.0 million to $1.2 billion; fffd other operation and maintenance expenses increased $201.8 million to $596.3 million; fffd depreciation and amortization expenses increased $25.1 million to $42.8 million; fffd fuel expenses increased $29.4 million to $105.2 million; fffd nuclear refueling outage expenses increased $23.9 million to $46.8 million, which was due primarily to a. what were operating revenues in 2002? 1.2 what is that times 1000?

1200.0

goodwill goodwill represents the excess of the solexa purchase price over the sum of the amounts assigned to assets acquired less liabilities assumed. the company believes that the acquisition of solexa will produce the following significant benefits: 2022 increased market presence and opportunities. the combination of the company and solexa should increase the combined company 2019s market presence and opportunities for growth in revenue, earnings and stockholder return. the company believes that the solexa technology is highly complementary to the company 2019s own portfolio of products and services and will enhance the company 2019s capabilities to service its existing customers, as well as accelerate the develop- ment of additional technologies, products and services. the company believes that integrating solexa 2019s capabilities with the company 2019s technologies will better position the company to address the emerging biomarker research and development and in-vitro and molecular diag- nostic markets. the company began to recognize revenue from products shipped as a result of this acquisition during the first quarter of 2007. 2022 operating efficiencies. the combination of the company and solexa provides the opportunity for potential economies of scale and cost savings. the company believes that these primary factors support the amount of goodwill recognized as a result of the purchase price paid for solexa, in relation to other acquired tangible and intangible assets, including in-process research and development. the following unaudited pro forma information shows the results of the company 2019s operations for the specified reporting periods as though the acquisition had occurred as of the beginning of that period (in thousands, except per share data): year ended december 30, year ended december 31. - | year ended december 30 2007 | year ended december 31 2006 revenue | $366854 | $187103 net income (loss) | $17388 | $-38957 (38957) net income (loss) per share basic | $0.32 | $-0.68 (0.68) net income (loss) per share diluted | $0.29 | $-0.68 (0.68) the pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the actual results of operations had the acquisition taken place as of the beginning of the periods presented, or the results that may occur in the future. the pro forma results exclude the $303.4 million non-cash acquired ipr&d charge recorded upon the closing of the acquisition during the first quarter of 2007. investment in solexa on november 12, 2006, the company entered into a definitive securities purchase agreement with solexa in which the company invested approximately $50 million in solexa in exchange for 5154639 newly issued shares of solexa common stock in conjunction with the merger of the two companies. this investment was valued at $67.8 million as of december 31, 2006, which represented a market value of $13.15 per share of solexa common stock. this investment was eliminated as part of the company 2019s purchase accounting upon the closing of the merger on january 26, 2007. illumina, inc. notes to consolidated financial statements 2014 (continued). in the year of 2007, what was the net income as a portion of the revenue? 0.0474 and what was the change in that net income since 2006? 56345.0 what percentage does this change represent in relation to the 2006 net income?

1.44634

used to refinance certain indebtedness which matured in the fourth quarter of 2014. interest is payable semi-annually in arrears on march 18 and september 18 of each year, or approximately $35 million per year. the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 notes. 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 1.375% (1.375%) notes, which were repaid in june 2015 at maturity, and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2022 notes of approximately $25 million per year is payable semi-annually on june 1 and december 1 of each year. the 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 notes. 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes, which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. interest on the 4.25% (4.25%) notes due in 2021 (201c2021 notes 201d) is payable semi-annually on may 24 and november 24 of each year, and is approximately $32 million per year. the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 notes. 2019 notes. in december 2009, the company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations. these notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% (2.25%) notes, which were repaid in december 2012, $1.0 billion of 3.50% (3.50%) notes, which were repaid in december 2014 at maturity, and $1.0 billion of 5.0% (5.0%) notes maturing in december 2019 (the 201c2019 notes 201d). net proceeds of this offering were used to repay borrowings under the cp program, which was used to finance a portion of the acquisition of barclays global investors from barclays on december 1, 2009, and for general corporate purposes. interest on the 2019 notes of approximately $50 million per year is payable semi-annually in arrears on june 10 and december 10 of each year. these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 notes. 13. commitments and contingencies operating lease commitments the company leases its primary office spaces under agreements that expire through 2043. future minimum commitments under these operating leases are as follows: (in millions). year | amount 2018 | 141 2019 | 132 2020 | 126 2021 | 118 2022 | 109 thereafter | 1580 total | $2206 in may 2017, the company entered into an agreement with 50 hymc owner llc, for the lease of approximately 847000 square feet of office space located at 50 hudson yards, new york, new york. the term of the lease is twenty years from the date that rental payments begin, expected to occur in may 2023, with the option to renew for a specified term. the lease requires annual base rental payments of approximately $51 million per year during the first five years of the lease term, increasing every five years to $58 million, $66 million and $74 million per year (or approximately $1.2 billion in base rent over its twenty-year term). this lease is classified as an operating lease and, as such, is not recorded as a liability on the consolidated statements of financial condition. rent expense and certain office equipment expense under lease agreements amounted to $132 million, $134 million and $136 million in 2017, 2016 and 2015, respectively. investment commitments. at december 31, 2017, the company had $298 million of various capital commitments to fund sponsored investment funds, including consolidated vies. these funds include private equity funds, real assets funds, and opportunistic funds. this amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds. generally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment. these unfunded commitments are not recorded on the consolidated statements of financial condition. these commitments do not include potential future commitments approved by the company that are not yet legally binding. the company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients. contingencies contingent payments related to business acquisitions. in connection with certain acquisitions, blackrock is required to make contingent payments, subject to achieving specified performance targets, which may include revenue related to acquired contracts or new capital commitments for certain products. the fair value of the remaining aggregate contingent payments at december 31, 2017 totaled $236 million, including $128 million related to the first reserve transaction, and is included in other liabilities on the consolidated statements of financial condition.. what is the increased rent after five years? 58.0 and the base rental during the first five years? 51.0 so what was the difference between these two values?

7.0

american tower corporation and subsidiaries notes to consolidated financial statements 2014 (continued) the term of the economic rights agreement is seventy years; however, tv azteca has the right to purchase, at fair market value, the economic rights from the company at any time during the last fifty years of the agreement. should tv azteca elect to purchase the economic rights (in whole or in part), it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election. the company 2019s obligation to pay tv azteca $1.5 million annually would also be reduced proportionally. the company has accounted for the annual payment of $1.5 million as a capital lease (initially recording an asset and a corresponding liability of approximately $18.6 million). the capital lease asset and the discount on the note, which aggregate approximately $30.2 million, represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement. on a quarterly basis, the company assesses the recoverability of its note receivable from tv azteca. as of december 31, 2005 and 2004, the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required. an executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006. as of december 31, 2005 and 2004, the company also had other long-term notes receivable outstanding of approximately $11.1 million and $11.2 million, respectively. 7. financing arrangements outstanding amounts under the company 2019s long-term financing arrangements consisted of the following as of december 31, (in thousands):. - | 2005 | 2004 american tower credit facility | $793000 | $698000 spectrasite credit facility | 700000 | - senior subordinated notes | 400000 | 400000 senior subordinated discount notes net of discount and warrant valuation | 160252 | 303755 senior notes net of discount and premium | 726754 | 1001817 convertible notes net of discount | 773058 | 830056 notes payable and capital leases | 60365 | 59986 total | 3613429 | 3293614 less current portion of other long-term obligations | -162153 (162153) | -138386 (138386) long-term debt | $3451276 | $3155228 new credit facilities 2014in october 2005, the company refinanced the two existing credit facilities of its principal operating subsidiaries. the company replaced the existing american tower $1.1 billion senior secured credit facility with a new $1.3 billion senior secured credit facility and replaced the existing spectrasite $900.0 million senior secured credit facility with a new $1.15 billion senior secured credit facility. as a result of the repayment of the previous credit facilities, the company recorded a net loss on retirement of long-term obligations of $9.8 million in the fourth quarter of 2005.. between the years of 2004 and 2005, what was the variation in the long-term debt?

296048.0

the following table sets forth information concerning increases in the total number of our aap stores during the past five years:. - | 2012 | 2011 | 2010 | 2009 | 2008 beginning stores | 3460 | 3369 | 3264 | 3243 | 3153 new stores (1) | 116 | 95 | 110 | 75 | 109 stores closed | 2014 | -4 (4) | -5 (5) | -54 (54) | -19 (19) ending stores | 3576 | 3460 | 3369 | 3264 | 3243 (1) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores. store technology. our store-based information systems are comprised of a proprietary and integrated point of sale, electronic parts catalog, or epc, and store-level inventory management system (collectively "store system"). information maintained by our store system is used to formulate pricing, marketing and merchandising strategies and to replenish inventory accurately and rapidly. our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year, make, model and engine type of their vehicles. our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku, adjust stock levels for select items for store specific events, automatically process returns and defective merchandise, designate skus for cycle counts and track merchandise transfers. if a hard-to-find part or accessory is not available at one of our stores, the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors. available parts and accessories are then ordered electronically from another store, hub, pdq ae or directly from the vendor with immediate confirmation of price, availability and estimated delivery time. our centrally-based epc data management system enables us to reduce the time needed to (i) exchange data with our vendors and (ii) catalog and deliver updated, accurate parts information. we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities. all of these systems are tightly integrated and provide real-time, comprehensive information to store personnel, resulting in improved customer service levels, team member productivity and in-stock availability. we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience. among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project. store support center merchandising. purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations: 2022 store support center in roanoke, virginia; 2022 regional office in minneapolis, minnesota; and 2022 global sourcing office in taipei, taiwan. our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories, oil and chemicals. our global sourcing team works closely with both teams. in fiscal 2012, we purchased merchandise from approximately 450 vendors, with no single vendor accounting for more than 9% (9%) of purchases. our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms, including pricing, payment terms and volume. the merchandising team has developed strong vendor relationships in the industry and, in a collaborative effort with our vendor partners, utilizes a category management process where we manage the mix of our product offerings to meet customer demand. we believe this process, which develops a customer-focused business plan for each merchandise category, and our global sourcing operation are critical to improving comparable store sales, gross margin and inventory productivity.. what was the beginning number of stores in 2012? 3576.0 and what was the number of stores in the end of that year? 3460.0 what was, then, the change in that number throughout the year? 116.0 what was the ending number of stores in 2012? 3460.0 and how much does that change represent in relation to this number?

0.03353

note 10 2013 debt our long-term debt consisted of the following (in millions):. - | 2015 | 2014 notes with rates from 1.85% (1.85%) to 3.80% (3.80%) due 2016 to 2045 | $8150 | $1400 notes with rates from 4.07% (4.07%) to 5.72% (5.72%) due 2019 to 2046 | 6089 | 3589 notes with rates from 6.15% (6.15%) to 9.13% (9.13%) due 2016 to 2036 | 1941 | 1941 other debt | 116 | 111 total long-term debt | 16296 | 7041 less: unamortized discounts and deferred financing costs | -1035 (1035) | -899 (899) total long-term debt net | $15261 | $6142 revolving credit facilities on october 9, 2015, we entered into a new $2.5 billion revolving credit facility (the 5-year facility) with various banks and concurrently terminated our existing $1.5 billion revolving credit facility, which was scheduled to expire in august 2019. the 5-year facility, which expires on october 9, 2020, is available for general corporate purposes. the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper. we may request and the banks may grant, at their discretion, an increase in the borrowing capacity under the 5-year facility of up to an additional $500 million. there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31, in contemplation of our acquisition of sikorsky, on october 9, 2015, we also entered into a 364-day revolving credit facility (the 364-day facility, and together with the 5-year facility, the facilities) with various banks that provided $7.0 billion of funding for general corporate purposes, including the acquisition of sikorsky. concurrent with the consummation of the sikorsky acquisition, we borrowed $6.0 billion under the 364-day facility. on november 23, 2015, we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt (see below) and terminated any remaining commitments of the lenders under the 364-day facility. borrowings under the facilities bear interest at rates based, at our option, on a eurodollar rate or a base rate, as defined in the facilities 2019 agreements. each bank 2019s obligation to make loans under the 5-year facility is subject to, among other things, our compliance with various representations, warranties, and covenants, including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio, as defined in the five-year facility agreement. as of december 31, 2015, we were in compliance with all covenants contained in the 5-year facility agreement, as well as in our debt agreements. long-term debt on november 23, 2015, we issued $7.0 billion of notes (the november 2015 notes) in a registered public offering. we received net proceeds of $6.9 billion from the offering, after deducting discounts and debt issuance costs, which are being amortized as interest expense over the life of the debt. the november 2015 notes consist of: 2022 $750 million maturing in 2018 with a fixed interest rate of 1.85% (1.85%) (the 2018 notes); 2022 $1.25 billion maturing in 2020 with a fixed interest rate of 2.50% (2.50%) (the 2020 notes); 2022 $500 million maturing in 2023 with a fixed interest rate of 3.10% (3.10%) the 2023 notes); 2022 $2.0 billion maturing in 2026 with a fixed interest rate of 3.55% (3.55%) (the 2026 notes); 2022 $500 million maturing in 2036 with a fixed interest rate of 4.50% (4.50%) (the 2036 notes); and 2022 $2.0 billion maturing in 2046 with a fixed interest rate of 4.70% (4.70%) (the 2046 notes). we may, at our option, redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption. interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year, beginning on may 23, 2016; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year, beginning on july 15, 2016; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year, beginning on may 15, 2016. the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness. the proceeds of the november 2015 notes were used to repay $6.0 billion of borrowings under our 364-day facility and for general corporate purposes.. what was the total long-term debt net in 2015? 15261.0 and what was it in 2014? 6142.0 what was, then, the change over the year? 9119.0 what was the total long-term debt net in 2014?

6142.0

item 7. management 2019s discussion and analysis of financial condition and results of operations our management 2019s discussion and analysis of financial condition and results of operations (md&a) is provided in addition to the accompanying consolidated financial statements and notes to assist readers in understanding our results of operations, financial condition, and cash flows. md&a is organized as follows: 2022 overview. discussion of our business and overall analysis of financial and other highlights affecting the company in order to provide context for the remainder of md&a. 2022 critical accounting estimates. accounting estimates that we believe are most important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts. 2022 results of operations. an analysis of our financial results comparing 2013 to 2012 and comparing 2012 to 2022 liquidity and capital resources. an analysis of changes in our balance sheets and cash flows, and discussion of our financial condition and potential sources of liquidity. 2022 fair value of financial instruments. discussion of the methodologies used in the valuation of our financial instruments. 2022 contractual obligations and off-balance-sheet arrangements. overview of contractual obligations, contingent liabilities, commitments, and off-balance-sheet arrangements outstanding as of december 28, 2013, including expected payment schedule. the various sections of this md&a contain a number of forward-looking statements that involve a number of risks and uncertainties. words such as 201canticipates, 201d 201cexpects, 201d 201cintends, 201d 201cplans, 201d 201cbelieves, 201d 201cseeks, 201d 201cestimates, 201d 201ccontinues, 201d 201cmay, 201d 201cwill, 201d 201cshould, 201d and variations of such words and similar expressions are intended to identify such forward-looking statements. in addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, uncertain events or assumptions, and other characterizations of future events or circumstances are forward-looking statements. such statements are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this filing and particularly in 201crisk factors 201d in part i, item 1a of this form 10-k. our actual results may differ materially, and these forward-looking statements do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that had not been completed as of february 14, 2014. overview our results of operations for each period were as follows:. (dollars in millions except per share amounts) | three months ended dec. 282013 | three months ended sept. 282013 | three months ended change | three months ended dec. 282013 | three months ended dec. 292012 | change net revenue | $13834 | $13483 | $351 | $52708 | $53341 | $-633 (633) gross margin | $8571 | $8414 | $157 | $31521 | $33151 | $-1630 (1630) gross margin percentage | 62.0% (62.0%) | 62.4% (62.4%) | (0.4)% (%) | 59.8% (59.8%) | 62.1% (62.1%) | (2.3)% (%) operating income | $3549 | $3504 | $45 | $12291 | $14638 | $-2347 (2347) net income | $2625 | $2950 | $-325 (325) | $9620 | $11005 | $-1385 (1385) diluted earnings per common share | $0.51 | $0.58 | $-0.07 (0.07) | $1.89 | $2.13 | $-0.24 (0.24) revenue for 2013 was down 1% (1%) from 2012. pccg experienced lower platform unit sales in the first half of the year, but saw offsetting growth in the back half as the pc market began to show signs of stabilization. dcg continued to benefit from the build out of internet cloud computing and the strength of our product portfolio resulting in increased platform volumes for dcg for the year. higher factory start-up costs for our next-generation 14nm process technology led to a decrease in gross margin compared to 2012. in response to the current business environment and to better align resources, management approved several restructuring actions including targeted workforce reductions as well as the exit of certain businesses and facilities. these actions resulted in restructuring and asset impairment charges of $240 million for 2013. table of contents. what was the change in the net revenue from 2012 to 2013?

-633.0

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $149 million at entergy louisiana and $97 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $95 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2013, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2014 | $385373 2015 | $1110566 2016 | $270852 2017 | $766801 2018 | $1324616 in november 2000, entergy 2019s 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 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. 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. entergy gulf states louisiana, entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to: 2022 maintain system energy 2019s equity capital at a minimum of 35% (35%) of its total capitalization (excluding short- term debt);. what is the amount of long-term debt due in 2014, in thousands? 385373.0 and what is it for 2015, also in thousands?

1110566.0

abiomed, inc. and subsidiaries notes to consolidated financial statements 2014 (continued) note 14. income taxes (continued) on april 1, 2007, the company adopted financial interpretation fin no. 48, accounting for uncertainty in income taxes 2014an interpretation of fasb statement no. 109 (201cfin no. 48 201d), which clarifies the accounting for uncertainty in income taxes recognized in an enterprise 2019s financial statements in accordance with fasb statement no. 109, accounting for income taxes. fin no. 48 prescribes a recognition threshold and measurement process for recording in the financial statements uncertain tax positions taken or expected to be taken in a tax return. fin no. 48 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition and defines the criteria that must be met for the benefits of a tax position to be recognized. as a result of its adoption of fin no. 48, the company recorded the cumulative effect of the change in accounting principle of $0.3 million as a decrease to opening retained earnings and an increase to other long-term liabilities as of april 1, 2007. this adjustment related to state nexus for failure to file tax returns in various states for the years ended march 31, 2003, 2004, and 2005. the company initiated a voluntary disclosure plan, which it completed in fiscal year 2009. the company elected to recognize interest and/or penalties related to income tax matters in income tax expense in its consolidated statements of operations. as of march 31, 2009, the company had remitted all outstanding amounts owed to each of the states in connection with the outstanding taxes owed at march 31, 2008. as such, the company had no fin no. 48 liability at march 31, 2009. on a quarterly basis, the company accrues for the effects of uncertain tax positions and the related potential penalties and interest. it is reasonably possible that the amount of the unrecognized tax benefit with respect to certain of the unrecognized tax positions will increase or decrease during the next 12 months; however, it is not expected that the change will have a significant effect on the company 2019s results of operations or financial position. a reconciliation of the beginning and ending balance of unrecognized tax benefits, excluding accrued interest recorded at march 31, 2009 (in thousands) is as follows:. balance at march 31 2008 | $168 reductions for tax positions for closing of the applicable statute of limitations | -168 (168) balance at march 31 2009 | $2014 the company and its subsidiaries are subject to u.s. federal income tax, as well as income tax of multiple state and foreign jurisdictions. the company has accumulated significant losses since its inception in 1981. all tax years remain subject to examination by major tax jurisdictions, including the federal government and the commonwealth of massachusetts. however, since the company has net operating loss and tax credit carry forwards which may be utilized in future years to offset taxable income, those years may also be subject to review by relevant taxing authorities if the carry forwards are utilized. note 15. commitments and contingencies the company 2019s acquisition of impella provided that abiomed was required to make contingent payments to impella 2019s former shareholders as follows: 2022 upon fda approval of the impella 2.5 device, a payment of $5583333 2022 upon fda approval of the impella 5.0 device, a payment of $5583333, and 2022 upon the sale of 1000 units of impella 2019s products worldwide, a payment of $5583334. the two milestones related to sales and fda approval of the impella 2.5 device were achieved and paid prior to march 31, 2009. in april 2009, the company received fda 510 (k) clearance of its impella 5.0 product, triggering an obligation to pay the milestone related to the impella 5.0 device. in may 2009, the company paid $1.8 million of this final milestone in cash and elected to pay the remaining amount through the issuance of approximately 664612 shares of common stock.. what would be the payments made upon the sale of 1000 units of impella 2019s products worldwide? 5583334.0 and converted to the single digits?

5.58333

2011 compared to 2010 mst 2019s net sales for 2011 decreased $311 million, or 4% (4%), compared to 2010. the decrease was attributable to decreased volume of approximately $390 million for certain ship and aviation system programs (primarily maritime patrol aircraft and ptds) and approximately $75 million for training and logistics solutions programs. partially offsetting these decreases was higher sales of about $165 million from production on the lcs program. mst 2019s operating profit for 2011 decreased $68 million, or 10% (10%), compared to 2010. the decrease was attributable to decreased operating profit of approximately $55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs (including the terminated presidential helicopter program) and approximately $40 million due to lower volume and increased reserves on training and logistics solutions. partially offsetting these decreases was higher operating profit of approximately $30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010. adjustments not related to volume, including net profit rate adjustments described above, were approximately $55 million lower in 2011 compared to 2010. backlog backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs (primarily mh-60 and lcs), partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs (primarily aegis). backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs. trends we expect mst 2019s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of ptds deliveries in 2012 and expected lower volume on training services programs. operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance. space systems our space systems business segment is engaged in the research and development, design, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems. space systems is also responsible for various classified systems and services in support of vital national security systems. space systems 2019 major programs include the space-based infrared system (sbirs), advanced extremely high frequency (aehf) system, mobile user objective system (muos), global positioning satellite (gps) iii system, geostationary operational environmental satellite r-series (goes-r), trident ii d5 fleet ballistic missile, and orion. operating results for our space systems business segment include our equity interests in united launch alliance (ula), which provides expendable launch services for the u.s. government, united space alliance (usa), which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011, and a joint venture that manages the u.k. 2019s atomic weapons establishment program. space systems 2019 operating results included the following (in millions):. - | 2012 | 2011 | 2010 net sales | $8347 | $8161 | $8268 operating profit | 1083 | 1063 | 1030 operating margins | 13.0% (13.0%) | 13.0% (13.0%) | 12.5% (12.5%) backlog at year-end | 18100 | 16000 | 17800 2012 compared to 2011 space systems 2019 net sales for 2012 increased $186 million, or 2% (2%), compared to 2011. the increase was attributable to higher net sales of approximately $150 million due to increased commercial satellite deliveries (two commercial satellites delivered in 2012 compared to one during 2011); about $125 million from the orion program due to higher volume and an increase in risk retirements; and approximately $70 million from increased volume on various strategic and defensive missile programs. partially offsetting the increases were lower net sales of approximately $105 million from certain government satellite programs (primarily sbirs and muos) as a result of decreased volume and a decline in risk retirements; and about $55 million from the nasa external tank program, which ended in connection with the completion of the space shuttle program in 2011.. what were operating profits in 2012? 1083.0 what were they in 2011? 1063.0 what is the net change?

20.0

to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 2017 notes were issued at a discount of $6 million, which is being amortized over their ten-year term. the company incurred approximately $4 million of debt issuance costs, which are being amortized over ten years. at december 31, 2013, $2 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 13. commitments and contingencies operating lease commitments the company leases its primary office spaces under agreements that expire through 2035. future minimum commitments under these operating leases are as follows: (in millions). year | amount 2014 | $135 2015 | 127 2016 | 110 2017 | 109 2018 | 106 thereafter | 699 total | $1286 rent expense and certain office equipment expense under agreements amounted to $137 million, $133 million and $154 million in 2013, 2012 and 2011, respectively. investment commitments. at december 31, 2013, the company had $216 million of various capital commitments to fund sponsored investment funds, including funds of private equity funds, real estate funds, infrastructure funds, opportunistic funds and distressed credit funds. this amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds. generally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment. these unfunded commitments are not recorded on the consolidated statements of financial condition. these commitments do not include potential future commitments approved by the company, but which are not yet legally binding. the company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients. contingencies contingent payments. the company acts as the portfolio manager in a series of credit default swap transactions and has a maximum potential exposure of $17 million under a credit default swap between the company and counterparty. see note 7, derivatives and hedging, for further discussion. contingent payments related to business acquisitions. in connection with the credit suisse etf transaction, blackrock is required to make contingent payments annually to credit suisse, subject to achieving specified thresholds during a seven-year period, subsequent to the acquisition date. in addition, blackrock is required to make contingent payments related to the mgpa transaction during a five-year period, subject to achieving specified thresholds, subsequent to the acquisition date. the fair value of the contingent payments at december 31, 2013 is not significant to the consolidated statement of financial condition and is included in other liabilities. legal proceedings. from time to time, blackrock receives subpoenas or other requests for information from various u.s. federal, state governmental and domestic and international regulatory authorities in connection with certain industry-wide or other investigations or proceedings. it is blackrock 2019s policy to cooperate fully with such inquiries. the company and certain of its subsidiaries have been named as defendants in various legal actions, including arbitrations and other litigation arising in connection with blackrock 2019s activities. additionally, certain blackrock- sponsored investment funds that the company manages are subject to lawsuits, any of which potentially could harm the investment returns of the applicable fund or result in the company being liable to the funds for any resulting damages. management, after consultation with legal counsel, currently does not anticipate that the aggregate liability, if any, arising out of regulatory matters or lawsuits will have a material effect on blackrock 2019s results of operations, financial position, or cash flows. however, there is no assurance as to whether any such pending or threatened matters will have a material effect on blackrock 2019s results of operations, financial position or cash flows in any future reporting period. due to uncertainties surrounding the outcome of these matters, management cannot reasonably estimate the possible loss or range of loss that may arise from these matters. indemnifications. in the ordinary course of business or in connection with certain acquisition agreements, blackrock enters into contracts pursuant to which it may agree to indemnify third parties in certain circumstances. the terms of these indemnities vary from contract to contract and the amount of indemnification liability, if any, cannot be determined or the likelihood of any liability is considered remote. consequently, no liability has been recorded on the consolidated statement of financial condition. in connection with securities lending transactions, blackrock has issued certain indemnifications to certain securities lending clients against potential loss resulting from a borrower 2019s failure to fulfill its obligations under the securities lending agreement should the value of the collateral pledged by the borrower at the time of default be insufficient to cover the borrower 2019s obligation under the securities lending agreement. at december 31, 2013, the company indemnified certain of its clients for their securities lending loan balances of approximately $118.3 billion. the company held as agent, cash and securities totaling $124.6 billion as collateral for indemnified securities on loan at december 31, 2013. the fair value of these indemnifications was not material at december 31, 2013.. what was the difference in rent expense and certain office equipment expense under agreements between 2012 and 2013? 4.0 and the specific value for 2013 again? 133.0 so what was the growth rate over this time?

0.03008

at december 31, 2015 and 2014, we had a modest working capital surplus. this reflects a strong cash position that provides enhanced liquidity in an uncertain economic environment. in addition, we believe we have adequate access to capital markets to meet any foreseeable cash requirements, and we have sufficient financial capacity to satisfy our current liabilities. cash flows. millions | 2015 | 2014 | 2013 cash provided by operating activities | $7344 | $7385 | $6823 cash used in investing activities | -4476 (4476) | -4249 (4249) | -3405 (3405) cash used in financing activities | -3063 (3063) | -2982 (2982) | -3049 (3049) net change in cash and cash equivalents | $-195 (195) | $154 | $369 operating activities cash provided by operating activities decreased in 2015 compared to 2014 due to lower net income and changes in working capital, partially offset by the timing of tax payments. federal tax law provided for 100% (100%) bonus depreciation for qualified investments made during 2011 and 50% (50%) bonus depreciation for qualified investments made during 2012-2013. as a result, the company deferred a substantial portion of its 2011-2013 income tax expense, contributing to the positive operating cash flow in those years. congress extended 50% (50%) bonus depreciation for 2014, but this extension occurred in december, and the related benefit was realized in 2015, rather than 2014. similarly, in december of 2015, congress extended bonus depreciation through 2019, which delayed the benefit of 2015 bonus depreciation into 2016. bonus depreciation will be at a rate of 50% (50%) for 2015, 2016 and 2017, 40% (40%) for 2018 and 30% (30%) for 2019. higher net income in 2014 increased cash provided by operating activities compared to 2013, despite higher income tax payments. 2014 income tax payments were higher than 2013 primarily due to higher income, but also because we paid taxes previously deferred by bonus depreciation. investing activities higher capital investments in locomotives and freight cars, including $327 million in early lease buyouts, which we exercised due to favorable economic terms and market conditions, drove the increase in cash used in investing activities in 2015 compared to 2014. higher capital investments, including the early buyout of the long-term operating lease of our headquarters building for approximately $261 million, drove the increase in cash used in investing activities in 2014 compared to 2013. significant investments also were made for new locomotives, freight cars and containers, and capacity and commercial facility projects. capital investments in 2014 also included $99 million for the early buyout of locomotives and freight cars under long-term operating leases, which we exercised due to favorable economic terms and market conditions.. what was the cash provided by operating activities for 2015? 7344.0 and in 2014? 7385.0 so what was the difference between these two values? -41.0 and the value for 2014 again? 7385.0 so what was the percentage change during this time?

-0.00555

performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index. the graph assumes the investment of $100 as of december 31, 2013, in pmi common stock (at prices quoted on the new york stock exchange) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis. date pmi pmi peer group (1) s&p 500 index. date | pmi | pmi peer group (1) | s&p 500 index december 31 2013 | $100.00 | $100.00 | $100.00 december 31 2014 | $97.90 | $107.80 | $113.70 december 31 2015 | $111.00 | $116.80 | $115.30 december 31 2016 | $120.50 | $118.40 | $129.00 december 31 2017 | $144.50 | $140.50 | $157.20 december 31 2018 | $96.50 | $127.70 | $150.30 (1) the pmi peer group presented in this graph is the same as that used in the prior year. the pmi peer group was established based on a review of four characteristics: global presence; a focus on consumer products; and net revenues and a market capitalization of a similar size to those of pmi. the review also considered the primary international tobacco companies. as a result of this review, the following companies constitute the pmi peer group: altria group, inc., anheuser-busch inbev sa/nv, british american tobacco p.l.c., the coca-cola company, colgate-palmolive co., diageo plc, heineken n.v., imperial brands plc, japan tobacco inc., johnson & johnson, kimberly-clark corporation, the kraft-heinz company, mcdonald's corp., mondel z international, inc., nestl e9 s.a., pepsico, inc., the procter & gamble company, roche holding ag, and unilever nv and plc. note: figures are rounded to the nearest $0.10.. what was the price performance of the pmi in 2014? 97.9 and by what amount did it change since 2013? -2.1 what is this amount as a portion of that price in 2013? -0.021 and what was the change in the performance price of that stock for the full five years shown in the chart? -3.5 what is this five year change as a percent of the 2013 price? -0.035 and in this same period, what was that change for the s&p 500 index?

50.3

2011 compared to 2010 mst 2019s net sales for 2011 decreased $311 million, or 4% (4%), compared to 2010. the decrease was attributable to decreased volume of approximately $390 million for certain ship and aviation system programs (primarily maritime patrol aircraft and ptds) and approximately $75 million for training and logistics solutions programs. partially offsetting these decreases was higher sales of about $165 million from production on the lcs program. mst 2019s operating profit for 2011 decreased $68 million, or 10% (10%), compared to 2010. the decrease was attributable to decreased operating profit of approximately $55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs (including the terminated presidential helicopter program) and approximately $40 million due to lower volume and increased reserves on training and logistics solutions. partially offsetting these decreases was higher operating profit of approximately $30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010. adjustments not related to volume, including net profit rate adjustments described above, were approximately $55 million lower in 2011 compared to 2010. backlog backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs (primarily mh-60 and lcs), partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs (primarily aegis). backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs. trends we expect mst 2019s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of ptds deliveries in 2012 and expected lower volume on training services programs. operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance. space systems our space systems business segment is engaged in the research and development, design, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems. space systems is also responsible for various classified systems and services in support of vital national security systems. space systems 2019 major programs include the space-based infrared system (sbirs), advanced extremely high frequency (aehf) system, mobile user objective system (muos), global positioning satellite (gps) iii system, geostationary operational environmental satellite r-series (goes-r), trident ii d5 fleet ballistic missile, and orion. operating results for our space systems business segment include our equity interests in united launch alliance (ula), which provides expendable launch services for the u.s. government, united space alliance (usa), which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011, and a joint venture that manages the u.k. 2019s atomic weapons establishment program. space systems 2019 operating results included the following (in millions):. - | 2012 | 2011 | 2010 net sales | $8347 | $8161 | $8268 operating profit | 1083 | 1063 | 1030 operating margins | 13.0% (13.0%) | 13.0% (13.0%) | 12.5% (12.5%) backlog at year-end | 18100 | 16000 | 17800 2012 compared to 2011 space systems 2019 net sales for 2012 increased $186 million, or 2% (2%), compared to 2011. the increase was attributable to higher net sales of approximately $150 million due to increased commercial satellite deliveries (two commercial satellites delivered in 2012 compared to one during 2011); about $125 million from the orion program due to higher volume and an increase in risk retirements; and approximately $70 million from increased volume on various strategic and defensive missile programs. partially offsetting the increases were lower net sales of approximately $105 million from certain government satellite programs (primarily sbirs and muos) as a result of decreased volume and a decline in risk retirements; and about $55 million from the nasa external tank program, which ended in connection with the completion of the space shuttle program in 2011.. what was operating profit in 2011? 1063.0 what was it in 2010? 1030.0 what is the net change in value? 33.0 what is that change over the 2010 value?

0.03204

the aes corporation notes to consolidated financial statements 2014 (continued) december 31, 2017, 2016, and 2015 was dispatched starting in february 2018. aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico. therefore, we expect aes puerto rico to continue to be a critical supplier to prepa. starting prior to the hurricanes, prepa has been facing economic challenges that could impact the company, and on july 2, 2017, filed for bankruptcy under title iii. as a result of the bankruptcy filing, aes puerto rico and aes ilumina 2019s non-recourse debt of $365 million and $36 million, respectively, is in default and has been classified as current as of december 31, 2017. in november 2017, aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events. this agreement will expire on march 22, 2018. the company's receivable balances in puerto rico as of december 31, 2017 totaled $86 million, of which $53 million was overdue. after the filing of title iii protection, and up until the disruption caused by the hurricanes, aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns. considering the information available as of the filing date, management believes the carrying amount of our assets in puerto rico of $627 million is recoverable as of december 31, 2017 and no reserve on the receivables is required. foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates. fluctuations in currency exchange rate between u.s. dollar and the following currencies could create significant fluctuations in earnings and cash flows: the argentine peso, the brazilian real, the dominican republic peso, the euro, the chilean peso, the colombian peso, and the philippine peso. concentrations 2014 due to the geographical diversity of its operations, the company does not have any significant concentration of customers or sources of fuel supply. several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of, and in some cases all of, the relevant businesses' output over the term of the ppas. however, no single customer accounted for 10% (10%) or more of total revenue in 2017, 2016 or 2015. the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements. if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated, the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms. 26. related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions. in the ordinary course of business, these businesses enter into energy purchase and sale transactions, and transmission agreements with other state-owned institutions which are controlled by such governments. at two of our generation businesses in mexico, the offtakers exercise significant influence, but not control, through representation on these businesses' boards of directors. these offtakers are also required to hold a nominal ownership interest in such businesses. in chile, we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting. additionally, the company provides certain support and management services to several of its affiliates under various agreements. the company's consolidated statements of operations included the following transactions with related parties for the periods indicated (in millions):. years ended december 31, | 2017 | 2016 | 2015 revenue 2014non-regulated | $1297 | $1100 | $1099 cost of sales 2014non-regulated | 220 | 210 | 330 interest income | 8 | 4 | 25 interest expense | 36 | 39 | 33 . what is the total of receivables from puerto rico? 86.0 what was the amount overdue?

53.0

divestiture of our arrow and moores businesses, and an unfavorable sales mix of international plumbing products, which, in aggregate, decreased sales by two percent. net sales for 2016 were positively affected by increased sales volume of plumbing products, paints and other coating products and builders' hardware. net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows, and net selling price increases of north american windows and north american and international plumbing products. net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products. our gross profit margins were 32.2 percent, 34.2 percent and 33.4 percent in 2018, 2017 and 2016, respectively. the 2018 gross profit margin was negatively impacted by an increase in commodity costs, the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler, an increase in other expenses (such as logistics costs and salaries) and unfavorable sales mix. these negative impacts were partially offset by an increase in net selling prices, the benefits associated with cost savings initiatives, and increased sales volume. the 2017 gross profit margin was positively impacted by increased sales volume, a more favorable relationship between net selling prices and commodity costs, and cost savings initiatives. selling, general and administrative expenses as a percent of sales were 17.7 percent in 2018 compared with 18.6 percent in 2017 and 18.7 percent in 2016. the decrease in selling, general and administrative expenses, as a percentage of sales, was driven by leverage of fixed expenses, due primarily to increased sales volume, and improved cost control. the following table reconciles reported operating profit to operating profit, as adjusted to exclude certain items, dollars in millions:. - | 2018 | 2017 | 2016 operating profit as reported | $1211 | $1194 | $1087 rationalization charges | 14 | 4 | 22 kichler inventory step up adjustment | 40 | 2014 | 2014 operating profit as adjusted | $1265 | $1198 | $1109 operating profit margins as reported | 14.5% (14.5%) | 15.6% (15.6%) | 14.8% (14.8%) operating profit margins as adjusted | 15.1% (15.1%) | 15.7% (15.7%) | 15.1% (15.1%) operating profit margin in 2018 was negatively affected by an increase in commodity costs, the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler and an increase in other expenses (such as logistics costs, salaries and erp costs). these negative impacts were partially offset by increased net selling prices, benefits associated with cost savings initiatives and increased sales volume. operating profit margin in 2017 was positively impacted by increased sales volume, cost savings initiatives, and a more favorable relationship between net selling prices and commodity costs. operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses, including stock-based compensation, health insurance costs, trade show costs and increased head count. due to the recently-announced increase in tariffs on imported materials from china, and assuming tariffs rise to 25 percent in 2019, we could be exposed to approximately $150 million of potential annual direct cost increases. we will work to mitigate the impact of these tariffs through a combination of price increases, supplier negotiations, supply chain repositioning and other internal productivity measures. other income (expense), net other, net, for 2018 included $14 million of net periodic pension and post-retirement benefit cost and $8 million of realized foreign currency losses. these expenses were partially offset by $3 million of earnings related to equity method investments and $1 million related to distributions from private equity funds. other, net, for 2017 included $26 million related to periodic pension and post-retirement benefit costs, $13 million net loss related to the divestitures of moores and arrow and $2 million related to the impairment of a private equity fund, partially offset by $3 million related to distributions from private equity funds and $1 million of earnings related to equity method investments.. what was the operating profit margin as adjusted in 2017?

0.157

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities. the company 2019s common stock is listed on the new york stock exchange. prior to the separation of alcoa corporation from the company, the company 2019s common stock traded under the symbol 201caa. 201d in connection with the separation, on november 1, 2016, the company changed its stock symbol and its common stock began trading under the symbol 201carnc. 201d on october 5, 2016, the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock (the 201creverse stock split 201d). as a result of the reverse stock split, every 3 shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock, without any change in the par value per share. the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares, and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares. the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6, 2016. on november 1, 2016, the company completed the separation of its business into two independent, publicly traded companies: the company and alcoa corporation. the separation was effected by means of a pro rata distribution by the company of 80.1% (80.1%) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders. the company 2019s shareholders of record as of the close of business on october 20, 2016 (the 201crecord date 201d) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date. the company retained 19.9% (19.9%) of the outstanding common stock of alcoa corporation immediately following the separation. the following table sets forth, for the periods indicated, the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange, adjusted to take into account the reverse stock split effected on october 6, 2016. the prices listed below for the fourth quarter of 2016 do not reflect any adjustment for the impact of the separation of alcoa corporation from the company on november 1, 2016, and therefore are not comparable to pre-separation prices from earlier periods.. quarter | 2016 high | 2016 low | 2016 dividend | 2016 high | 2016 low | dividend first | $30.66 | $18.42 | $0.09 | $51.30 | $37.95 | $0.09 second | 34.50 | 26.34 | 0.09 | 42.87 | 33.45 | 0.09 third | 32.91 | 27.09 | 0.09 | 33.69 | 23.91 | 0.09 fourth (separation occurred on november 1 2016) | 32.10 | 16.75 | 0.09 | 33.54 | 23.43 | 0.09 year | $34.50 | $16.75 | $0.36 | $51.30 | $23.43 | $0.36 the number of holders of record of common stock was approximately 12885 as of february 23, 2017.. what was the high sales price in the second quarter of 2016? 34.5 what was the high price in the first quarter?

30.66

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities. the company 2019s common stock is listed on the new york stock exchange. prior to the separation of alcoa corporation from the company, the company 2019s common stock traded under the symbol 201caa. 201d in connection with the separation, on november 1, 2016, the company changed its stock symbol and its common stock began trading under the symbol 201carnc. 201d on october 5, 2016, the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock (the 201creverse stock split 201d). as a result of the reverse stock split, every three shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock, without any change in the par value per share. the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares, and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares. the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6, 2016. on november 1, 2016, the company completed the separation of its business into two independent, publicly traded companies: the company and alcoa corporation. the separation was effected by means of a pro rata distribution by the company of 80.1% (80.1%) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders. the company 2019s shareholders of record as of the close of business on october 20, 2016 (the 201crecord date 201d) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date. the company retained 19.9% (19.9%) of the outstanding common stock of alcoa corporation immediately following the separation. see disposition of retained shares in note c to the consolidated financial statements in part ii item 8 of this form 10-k. the following table sets forth, for the periods indicated, the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange, adjusted to take into account the reverse stock split effected on october 6, 2016. the prices listed below for those dates prior to november 1, 2016 reflect stock trading prices of alcoa inc. prior to the separation of alcoa corporation from the company on november 1, 2016, and therefore are not comparable to the company 2019s post-separation prices.. quarter | 2017 high | 2017 low | 2017 dividend | 2017 high | 2017 low | dividend first | $30.69 | $18.64 | $0.06 | $30.66 | $18.42 | $0.09 second | 28.65 | 21.76 | 0.06 | 34.50 | 26.34 | 0.09 third | 26.84 | 22.67 | 0.06 | 32.91 | 27.09 | 0.09 fourth (separation occurred on november 1 2016) | 27.85 | 22.74 | 0.06 | 32.10 | 16.75 | 0.09 year | $30.69 | $18.64 | $0.24 | $34.50 | $16.75 | $0.36 the number of holders of record of common stock was approximately 12271 as of february 16, 2018.. what is the highest stock price in the second quarter of 2017?

28.65

in 2006, our board of directors approved a projected $3.2 billion expansion of our garyville, louisiana refinery by 180 mbpd to 425 mbpd, which will increase our total refining capacity to 1.154 million barrels per day (2018 2018mmbpd 2019 2019). we recently received air permit approval from the louisiana department of environmental quality for this project and construction is expected to begin in mid-2007, with startup planned for the fourth quarter of 2009. we have also commenced front-end engineering and design (2018 2018feed 2019 2019) for a potential heavy oil upgrading project at our detroit refinery, which would allow us to process increased volumes of canadian oil sands production, and are undertaking a feasibility study for a similar upgrading project at our catlettsburg refinery. marketing we are a supplier of gasoline and distillates to resellers and consumers within our market area in the midwest, the upper great plains and southeastern united states. in 2006, our refined product sales volumes (excluding matching buy/sell transactions) totaled 21.5 billion gallons, or 1.401 mmbpd. the average sales price of our refined products in aggregate was $77.76 per barrel for 2006. the following table sets forth our refined product sales by product group and our average sales price for each of the last three years. refined product sales (thousands of barrels per day) 2006 2005 2004. (thousands of barrels per day) | 2006 | 2005 | 2004 gasoline | 804 | 836 | 807 distillates | 375 | 385 | 373 propane | 23 | 22 | 22 feedstocks and special products | 106 | 96 | 92 heavy fuel oil | 26 | 29 | 27 asphalt | 91 | 87 | 79 total (a) | 1425 | 1455 | 1400 average sales price ($per barrel) | $77.76 | $66.42 | $49.53 (a) includes matching buy/sell volumes of 24 mbpd, 77 mbpd and 71 mbpd in 2006, 2005 and 2004. on april 1, 2006, we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard. this change resulted in lower refined product sales volumes for the remainder of 2006 than would have been reported under the previous accounting practices. see note 2 to the consolidated financial statements. the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers and sales in the spot market accounted for 71 percent of our refined product sales volumes in 2006. we sold 52 percent of our gasoline volumes and 89 percent of our distillates volumes on a wholesale or spot market basis. half of our propane is sold into the home heating market, with the balance being purchased by industrial consumers. propylene, cumene, aromatics, aliphatics, and sulfur are domestically marketed to customers in the chemical industry. base lube oils, maleic anhydride, slack wax, extract and pitch are sold throughout the united states and canada, with pitch products also being exported worldwide. we market asphalt through owned and leased terminals throughout the midwest, the upper great plains and southeastern united states. our customer base includes approximately 800 asphalt-paving contractors, government entities (states, counties, cities and townships) and asphalt roofing shingle manufacturers. we blended 35 mbpd of ethanol into gasoline in 2006. in 2005 and 2004, we blended 35 mbpd and 30 mbpd of ethanol. the expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and changes in government regulations. we sell reformulated gasoline in parts of our marketing territory, primarily chicago, illinois; louisville, kentucky; northern kentucky; and milwaukee, wisconsin, and we sell low-vapor-pressure gasoline in nine states. as of december 31, 2006, we supplied petroleum products to about 4200 marathon branded retail outlets located primarily in ohio, michigan, indiana, kentucky and illinois. branded retail outlets are also located in florida, georgia, minnesota, wisconsin, west virginia, tennessee, virginia, north carolina, pennsylvania, alabama and south carolina. sales to marathon brand jobbers and dealers accounted for 14 percent of our refined product sales volumes in 2006. ssa sells gasoline and diesel fuel through company-operated retail outlets. sales of refined products through these ssa retail outlets accounted for 15 percent of our refined product sales volumes in 2006. as of december 31, 2006, ssa had 1636 retail outlets in nine states that sold petroleum products and convenience store merchandise and services, primarily under the brand names 2018 2018speedway 2019 2019 and 2018 2018superamerica. 2019 2019 ssa 2019s revenues from the sale of non-petroleum merchandise totaled $2.7 billion in 2006, compared with $2.5 billion in 2005. profit levels from the sale. what is the buy/sell volume in 2006? 24.0 what is the value in 2005? 77.0 what is the sum of those two years? 101.0 what is the total sum including the 2004 value?

172.0

devon energy corporation and subsidiaries notes to consolidated financial statements 2013 (continued) asset divestitures in conjunction with the asset divestitures in 2013 and 2014, devon removed $26 million and $706 million of goodwill, respectively, which were allocated to these assets. impairment devon 2019s canadian goodwill was originally recognized in 2001 as a result of a business combination consisting almost entirely of conventional gas assets that devon no longer owns. as a result of performing the goodwill impairment test described in note 1, devon concluded the implied fair value of its canadian goodwill was zero as of december 31, 2014. this conclusion was largely based on the significant decline in benchmark oil prices, particularly after opec 2019s decision not to reduce its production targets that was announced in late november 2014. consequently, in the fourth quarter of 2014, devon wrote off its remaining canadian goodwill and recognized a $1.9 billion impairment. other intangible assets as of december 31, 2014, intangible assets associated with customer relationships had a gross carrying amount of $569 million and $36 million of accumulated amortization. the weighted-average amortization period for the customer relationships is 13.7 years. amortization expense for intangibles was approximately $36 million for the year ended december 31, 2014. other intangible assets are reported in other long-term assets in the accompanying consolidated balance sheets. the following table summarizes the estimated aggregate amortization expense for the next five years. year amortization amount (in millions). year | amortization amount (in millions) 2015 | $45 2016 | $45 2017 | $45 2018 | $45 2019 | $44 . how much does the total of intangibles represent in relation to the total amortization in 2014? 0.8 and how much is that in percentage?

80.0

entergy texas, inc. management's financial discussion and analysis fuel and purchased power expenses increased primarily due to an increase in power purchases as a result of the purchased power agreements between entergy gulf states louisiana and entergy texas and an increase in the average market prices of purchased power and natural gas, substantially offset by a decrease in deferred fuel expense as a result of decreased recovery from customers of fuel costs. other regulatory charges increased primarily due to an increase of $6.9 million in the recovery of bond expenses related to the securitization bonds. the recovery became effective july 2007. see note 5 to the financial statements for additional information regarding the securitization bonds. 2007 compared to 2006 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges. following is an analysis of the change in net revenue comparing 2007 to 2006. amount (in millions). - | amount (in millions) 2006 net revenue | $403.3 purchased power capacity | 13.1 securitization transition charge | 9.9 volume/weather | 9.7 transmission revenue | 6.1 base revenue | 2.6 other | -2.4 (2.4) 2007 net revenue | $442.3 the purchased power capacity variance is due to changes in the purchased power capacity costs included in the calculation in 2007 compared to 2006 used to bill generation costs between entergy texas and entergy gulf states louisiana. the securitization transition charge variance is due to the issuance of securitization bonds. as discussed above, in june 2007, egsrf 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 herein for details of the securitization bond issuance. the volume/weather variance is due to increased electricity usage on billed retail sales, including the effects of more favorable weather in 2007 compared to the same period in 2006. the increase is also due to an increase in usage during the unbilled sales period. retail electricity usage increased a total of 139 gwh in all sectors. see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. the transmission revenue variance is due to an increase in rates effective june 2007 and new transmission customers in late 2006. the base revenue variance is due to the transition to competition rider that began in march 2006. refer to note 2 to the financial statements for further discussion of the rate increase. gross operating revenues, fuel and purchased power expenses, and other regulatory charges gross operating revenues decreased primarily due to a decrease of $179 million in fuel cost recovery revenues due to lower fuel rates and fuel refunds. the decrease was partially offset by the $39 million increase in net revenue described above and an increase of $44 million in wholesale revenues, including $30 million from the system agreement cost equalization payments from entergy arkansas. the receipt of such payments is being. what was the net revenue for entergy texas, inc. in 2007? 442.3 and what was it in 2006? 403.3 what was, then, the change over the year? 39.0 what was the net revenue for entergy texas, inc. in 2006?

403.3

when we purchase an asset, we capitalize all costs necessary to make the asset ready for its intended use. however, many of our assets are self-constructed. a large portion of our capital expenditures is for track structure expansion (capacity projects) and replacement (program projects), which is typically performed by our employees. approximately 13% (13%) of our full-time equivalent employees are dedicated to the construction of capital assets. costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized. direct costs that are capitalized as part of self-constructed assets include material, labor, and work equipment. indirect costs are capitalized if they clearly relate to the construction of the asset. these costs are allocated using appropriate statistical bases. the capitalization of indirect costs is consistent with fasb statement no. 67, accounting for costs and initial rental operations of real estate projects. general and administrative expenditures are expensed as incurred. normal repairs and maintenance are also expensed as incurred, while costs incurred that extend the useful life of an asset, improve the safety of our operations or improve operating efficiency are capitalized. assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease. amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease. 10. accounts payable and other current liabilities dec. 31, dec. 31, millions of dollars 2008 2007. millions of dollars | dec. 31 2008 | dec. 31 2007 accounts payable | $629 | $732 accrued wages and vacation | 367 | 394 accrued casualty costs | 390 | 371 income and other taxes | 207 | 343 dividends and interest | 328 | 284 equipment rents payable | 93 | 103 other | 546 | 675 total accounts payable and other current liabilities | $2560 | $2902 11. fair value measurements during the first quarter of 2008, we fully adopted fasb statement no. 157, fair value measurements (fas 157). fas 157 established a framework for measuring fair value and expanded disclosures about fair value measurements. the adoption of fas 157 had no impact on our financial position or results of operations. fas 157 applies to all assets and liabilities that are measured and reported on a fair value basis. this enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. the statement requires that each asset and liability carried at fair value be classified into one of the following categories: level 1: quoted market prices in active markets for identical assets or liabilities. level 2: observable market based inputs or unobservable inputs that are corroborated by market data. level 3: unobservable inputs that are not corroborated by market data.. what was the equipment rents payable in 2008? 93.0 and in 2007? 103.0 so what was the difference between the two years? -10.0 and the value for 2007 again?

103.0

risk and insurance brokerage services. years ended december 31, | 2009 | 2008 | 2007 segment revenue | $6305 | $6197 | $5918 segment operating income | 900 | 846 | 954 segment operating income margin | 14.3% (14.3%) | 13.7% (13.7%) | 16.1% (16.1%) during 2009 we continued to see a soft market, which began in 2007, in our retail brokerage product line. in 2007, we experienced a soft market in many business lines and in many geographic areas. in a 2018 2018soft market, 2019 2019 premium rates flatten or decrease, along with commission revenues, due to increased competition for market share among insurance carriers or increased underwriting capacity. changes in premiums have a direct and potentially material impact on the insurance brokerage industry, as commission revenues are generally based on a percentage of the premiums paid by insureds. prices fell throughout 2007, with the greatest declines seen in large and middle-market accounts. prices continued to decline during 2008, although the rate of decline slowed toward the end of the year. in our reinsurance brokerage product line, pricing overall during 2009 was also down, although during a portion of the year it was flat to up slightly. additionally, beginning in late 2008 and continuing throughout 2009, we faced difficult conditions as a result of unprecedented disruptions in the global economy, the repricing of credit risk and the deterioration of the financial markets. continued volatility and further deterioration in the credit markets have reduced our customers 2019 demand for our retail brokerage and reinsurance brokerage products, which have negatively hurt our operational results. in addition, overall capacity in the industry could decrease if a significant insurer either fails or withdraws from writing insurance coverages that we offer our clients. this failure could reduce our revenues and profitability, since we would no longer have access to certain lines and types of insurance. risk and insurance brokerage services generated approximately 83% (83%) of our consolidated total revenues in 2009. revenues are generated primarily through fees paid by clients, commissions and fees paid by insurance and reinsurance companies, and investment income on funds held on behalf of clients. our revenues vary from quarter to quarter throughout the year as a result of the timing of our clients 2019 policy renewals, the net effect of new and lost business, the timing of services provided to our clients, and the income we earn on investments, which is heavily influenced by short-term interest rates. we operate in a highly competitive industry and compete with many retail insurance brokerage and agency firms, as well as with individual brokers, agents, and direct writers of insurance coverage. specifically, we address the highly specialized product development and risk management needs of commercial enterprises, professional groups, insurance companies, governments, healthcare providers, and non-profit groups, among others; provide affinity products for professional liability, life, disability income, and personal lines for individuals, associations, and businesses; provide reinsurance services to insurance and reinsurance companies and other risk assumption entities by acting as brokers or intermediaries on all classes of reinsurance; provide investment banking products and services, including mergers and acquisitions and other financial advisory services, capital raising, contingent capital financing, insurance-linked securitizations and derivative applications; provide managing underwriting to independent agents and brokers as well as corporate clients; provide actuarial, loss prevention, and administrative services to businesses and consumers; and manage captive insurance companies. in november 2008 we expanded our product offerings through the merger with benfield, a leading independent reinsurance intermediary. benfield products have been integrated with our existing reinsurance products in 2009. in february 2009, we completed the sale of the u.s. operations of cananwill, our premium finance business. in june and july of 2009, we entered into agreements with third parties with respect to our. what was the total of risk and insurance brokerage services segment revenue in 2009? 6305.0 and what was that in 2008?

6197.0

net revenues include $3.8 billion in 2017 and $739 million in 2016 related to the sale of rrps, mainly driven by japan. these net revenue amounts include excise taxes billed to customers. excluding excise taxes, net revenues for rrps were $3.6 billion in 2017 and $733 million in 2016. in some jurisdictions, including japan, we are not responsible for collecting excise taxes. in 2017, approximately $0.9 billion of our $3.6 billion in rrp net revenues, excluding excise taxes, were from iqos devices and accessories. excise taxes on products increased by $1.1 billion, due to: 2022 higher excise taxes resulting from changes in retail prices and tax rates ($4.6 billion), partially offset by 2022 favorable currency ($1.9 billion) and 2022 lower excise taxes resulting from volume/mix ($1.6 billion). our cost of sales; marketing, administration and research costs; and operating income were as follows: for the years ended december 31, variance. (in millions) | for the years ended december 31, 2017 | for the years ended december 31, 2016 | for the years ended december 31, $|% (%) cost of sales | $10432 | $9391 | $1041 | 11.1% (11.1%) marketing administration and research costs | 6725 | 6405 | 320 | 5.0% (5.0%) operating income | 11503 | 10815 | 688 | 6.4% (6.4%) cost of sales increased by $1.0 billion, due to: 2022 higher cost of sales resulting from volume/mix ($1.1 billion), partly offset by 2022 lower manufacturing costs ($36 million) and 2022 favorable currency ($30 million). marketing, administration and research costs increased by $320 million, due to: 2022 higher expenses ($570 million, largely reflecting increased investment behind reduced-risk products, predominately in the european union and asia), partly offset by 2022 favorable currency ($250 million). operating income increased by $688 million, due primarily to: 2022 price increases ($1.4 billion), partly offset by 2022 higher marketing, administration and research costs ($570 million) and 2022 unfavorable currency ($157 million). interest expense, net, of $914 million increased by $23 million, due primarily to unfavorably currency and higher average debt levels, partly offset by higher interest income. our effective tax rate increased by 12.8 percentage points to 40.7% (40.7%). the 2017 effective tax rate was unfavorably impacted by $1.6 billion due to the tax cuts and jobs act. for further details, see item 8, note 11. income taxes to our consolidated financial statements. we are continuing to evaluate the impact that the tax cuts and jobs act will have on our tax liability. based upon our current interpretation of the tax cuts and jobs act, we estimate that our 2018 effective tax rate will be approximately 28% (28%), subject to future regulatory developments and earnings mix by taxing jurisdiction. we are regularly examined by tax authorities around the world, and we are currently under examination in a number of jurisdictions. it is reasonably possible that within the next 12 months certain tax examinations will close, which could result in a change in unrecognized tax benefits along with related interest and penalties. an estimate of any possible change cannot be made at this time. net earnings attributable to pmi of $6.0 billion decreased by $932 million (13.4% (13.4%)). this decrease was due primarily to a higher effective tax rate as discussed above, partly offset by higher operating income. diluted and basic eps of $3.88 decreased by 13.4% (13.4%). excluding. what was, in millions, the operating income in 2017? 11503.0 and what was it in 2016? 10815.0 what was, then, the change over the year, in millions? 688.0 and in the previous year, what was the decline in the net earnings, also in millions? 932.0 what is that as a percentage of the 2015 net earnings?

0.134

the following table presents var with respect to our trading activities, as measured by our var methodology for the periods indicated: value-at-risk. years ended december 31 (inmillions) | 2008 annual average | 2008 maximum | 2008 minimum | 2008 annual average | 2008 maximum | minimum foreign exchange products | $1.8 | $4.7 | $.3 | $1.8 | $4.0 | $.7 interest-rate products | 1.1 | 2.4 |.6 | 1.4 | 3.7 |.1 we back-test the estimated one-day var on a daily basis. this information is reviewed and used to confirm that all relevant trading positions are properly modeled. for the years ended december 31, 2008 and 2007, we did not experience any actual trading losses in excess of our end-of-day var estimate. asset and liability management activities the primary objective of asset and liability management is to provide sustainable and growing net interest revenue, or nir, under varying economic environments, while protecting the economic values of our balance sheet assets and liabilities from the adverse effects of changes in interest rates. most of our nir is earned from the investment of deposits generated by our core investment servicing and investment management businesses. we structure our balance sheet assets to generally conform to the characteristics of our balance sheet liabilities, but we manage our overall interest-rate risk position in the context of current and anticipated market conditions and within internally-approved risk guidelines. our overall interest-rate risk position is maintained within a series of policies approved by the board and guidelines established and monitored by alco. our global treasury group has responsibility for managing state street 2019s day-to-day interest-rate risk. to effectively manage the consolidated balance sheet and related nir, global treasury has the authority to take a limited amount of interest-rate risk based on market conditions and its views about the direction of global interest rates over both short-term and long-term time horizons. global treasury manages our exposure to changes in interest rates on a consolidated basis organized into three regional treasury units, north america, europe and asia/pacific, to reflect the growing, global nature of our exposures and to capture the impact of change in regional market environments on our total risk position. our investment activities and our use of derivative financial instruments are the primary tools used in managing interest-rate risk. we invest in financial instruments with currency, repricing, and maturity characteristics we consider appropriate to manage our overall interest-rate risk position. in addition to on-balance sheet assets, we use certain derivatives, primarily interest-rate swaps, to alter the interest-rate characteristics of specific balance sheet assets or liabilities. the use of derivatives is subject to alco-approved guidelines. additional information about our use of derivatives is in note 17 of the notes to consolidated financial statements included in this form 10-k under item 8. as a result of growth in our non-u.s. operations, non-u.s. dollar denominated customer liabilities are a significant portion of our consolidated balance sheet. this growth results in exposure to changes in the shape and level of non-u.s. dollar yield curves, which we include in our consolidated interest-rate risk management process. because no one individual measure can accurately assess all of our exposures to changes in interest rates, we use several quantitative measures in our assessment of current and potential future exposures to changes in interest rates and their impact on net interest revenue and balance sheet values. net interest revenue simulation is the primary tool used in our evaluation of the potential range of possible net interest revenue results that could occur under a variety of interest-rate environments. we also use market valuation and duration analysis to assess changes in the economic value of balance sheet assets and liabilities caused by assumed changes in interest rates. finally, gap analysis 2014the difference between the amount of balance sheet assets and liabilities re-pricing within a specified time period 2014is used as a measurement of our interest-rate risk position.. in the year of 2008, what was the variance of the foreign exchange products in the first section? 4.4 and what was it in the second section?

3.3

the following table shows the impact of catastrophe losses and related reinstatement premiums and the impact of prior period development on our consolidated loss and loss expense ratio for the periods indicated.. - | 2010 | 2009 | 2008 loss and loss expense ratio as reported | 59.2% (59.2%) | 58.8% (58.8%) | 60.6% (60.6%) catastrophe losses and related reinstatement premiums | (3.2)% (%) | (1.2)% (%) | (4.7)% (%) prior period development | 4.6% (4.6%) | 4.9% (4.9%) | 6.8% (6.8%) large assumed loss portfolio transfers | (0.3)% (%) | (0.8)% (%) | 0.0% (0.0%) loss and loss expense ratio adjusted | 60.3% (60.3%) | 61.7% (61.7%) | 62.7% (62.7%) we recorded net pre-tax catastrophe losses of $366 million in 2010 compared with net pre-tax catastrophe losses of $137 million and $567 million in 2009 and 2008, respectively. the catastrophe losses for 2010 were primarily related to weather- related events in the u.s., earthquakes in chile, mexico, and new zealand, and storms in australia and europe. the catastrophe losses for 2009 were primarily related to an earthquake in asia, floods in europe, several weather-related events in the u.s., and a european windstorm. for 2008, the catastrophe losses were primarily related to hurricanes gustav and ike. prior period development arises from changes to loss estimates recognized in the current year that relate to loss reserves first reported in previous calendar years and excludes the effect of losses from the development of earned premium from pre- vious accident years. we experienced $503 million of net favorable prior period development in our p&c segments in 2010. this compares with net favorable prior period development in our p&c segments of $576 million and $814 million in 2009 and 2008, respectively. refer to 201cprior period development 201d for more information. the adjusted loss and loss expense ratio declined in 2010, compared with 2009, primarily due to the impact of the crop settlements, non-recurring premium adjustment and the reduction in assumed loss portfolio business, which is written at higher loss ratios than other types of business. our policy acquisition costs include commissions, premium taxes, underwriting, and other costs that vary with, and are primarily related to, the production of premium. administrative expenses include all other operating costs. our policy acquis- ition cost ratio increased in 2010, compared with 2009. the increase was primarily related to the impact of crop settlements, which generated higher profit-share commissions and a lower adjustment to net premiums earned, as well as the impact of reinstatement premiums expensed in connection with catastrophe activity and changes in business mix. our administrative expense ratio increased in 2010, primarily due to the impact of the crop settlements, reinstatement premiums expensed, and increased costs in our international operations. although the crop settlements generate minimal administrative expenses, they resulted in lower adjustment to net premiums earned in 2010, compared with 2009. administrative expenses in 2010, were partially offset by higher net results generated by our third party claims administration business, esis, the results of which are included within our administrative expenses. esis generated $85 million in net results in 2010, compared with $26 million in 2009. the increase is primarily from non-recurring sources. our policy acquisition cost ratio was stable in 2009, compared with 2008, as increases in our combined insurance operations were offset by more favorable final crop year settlement of profit share commissions. administrative expenses increased in 2009, primarily due to the inclusion of administrative expenses related to combined insurance for the full year and costs associated with new product expansion in our domestic retail operation and in our personal lines business. our effective income tax rate, which we calculate as income tax expense divided by income before income tax, is depend- ent upon the mix of earnings from different jurisdictions with various tax rates. a change in the geographic mix of earnings would change the effective income tax rate. our effective income tax rate was 15 percent in 2010, compared with 17 percent and 24 percent in 2009 and 2008, respectively. the decrease in our effective income tax rate in 2010, was primarily due to a change in the mix of earnings to lower tax-paying jurisdictions, a decrease in the amount of unrecognized tax benefits which was the result of a settlement with the u.s. internal revenue service appeals division regarding federal tax returns for the years 2002-2004, and the recognition of a non-taxable gain related to the acquisition of rain and hail. the 2009 year included a reduction of a deferred tax valuation allowance related to investments. for 2008, our effective income tax rate was adversely impacted by a change in mix of earnings due to the impact of catastrophe losses in lower tax-paying jurisdictions. prior period development the favorable prior period development, inclusive of the life segment, of $512 million during 2010 was the net result of sev- eral underlying favorable and adverse movements. with respect to ace 2019s crop business, ace regularly receives reports from its managing general agent (mga) relating to the previous crop year (s) in subsequent calendar quarters and this typically results. what was the net favorable prior period development in 2010? 503.0 and what was it in 2008? 814.0 what was, then, the change over the years?

-311.0

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $149 million at entergy louisiana and $97 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $95 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2013, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2014 | $385373 2015 | $1110566 2016 | $270852 2017 | $766801 2018 | $1324616 in november 2000, entergy 2019s 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 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. 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. entergy gulf states louisiana, entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to: 2022 maintain system energy 2019s equity capital at a minimum of 35% (35%) of its total capitalization (excluding short- term debt);. what are the annual long-term obligations in 2014? 385373.0 what is that divided by 1000? 385.373 what are lease obligation at entergy lousiana?

149.0

dish network corporation notes to consolidated financial statements - continued 9. acquisitions dbsd north america and terrestar transactions on march 2, 2012, the fcc approved the transfer of 40 mhz of aws-4 wireless spectrum licenses held by dbsd north america and terrestar to us. on march 9, 2012, we completed the dbsd transaction and the terrestar transaction, pursuant to which we acquired, among other things, certain satellite assets and wireless spectrum licenses held by dbsd north america and terrestar. in addition, during the fourth quarter 2011, we and sprint entered into a mutual release and settlement agreement (the 201csprint settlement agreement 201d) pursuant to which all issues then being disputed relating to the dbsd transaction and the terrestar transaction were resolved between us and sprint, including, but not limited to, issues relating to costs allegedly incurred by sprint to relocate users from the spectrum then licensed to dbsd north america and terrestar. the total consideration to acquire the dbsd north america and terrestar assets was approximately $2.860 billion. this amount includes $1.364 billion for the dbsd transaction, $1.382 billion for the terrestar transaction, and the net payment of $114 million to sprint pursuant to the sprint settlement agreement. see note 16 for further information. as a result of these acquisitions, we recognized the acquired assets and assumed liabilities based on our estimates of fair value at their acquisition date, including $102 million in an uncertain tax position in 201clong-term deferred revenue, distribution and carriage payments and other long-term liabilities 201d on our consolidated balance sheets. subsequently, in the third quarter 2013, this uncertain tax position was resolved and $102 million was reversed and recorded as a decrease in 201cincome tax (provision) benefit, net 201d on our consolidated statements of operations and comprehensive income (loss) for the year ended december 31, 2013. 10. discontinued operations as of december 31, 2013, blockbuster had ceased all material operations. accordingly, our consolidated balance sheets, consolidated statements of operations and comprehensive income (loss) and consolidated statements of cash flows have been recast to present blockbuster as discontinued operations for all periods presented and the amounts presented in the notes to our consolidated financial statements relate only to our continuing operations, unless otherwise noted. during the years ended december 31, 2013, 2012 and 2011, the revenue from our discontinued operations was $503 million, $1.085 billion and $974 million, respectively. 201cincome (loss) from discontinued operations, before income taxes 201d for the same periods was a loss of $54 million, $62 million and $3 million, respectively. in addition, 201cincome (loss) from discontinued operations, net of tax 201d for the same periods was a loss of $47 million, $37 million and $7 million, respectively. as of december 31, 2013, the net assets from our discontinued operations consisted of the following: december 31, 2013 (in thousands). - | as of december 31 2013 (in thousands) current assets from discontinued operations | $68239 noncurrent assets from discontinued operations | 9965 current liabilities from discontinued operations | -49471 (49471) long-term liabilities from discontinued operations | -19804 (19804) net assets from discontinued operations | $8929 . what was the average revenue from discontinued operations in 2013?

503.0

table of contents adobe inc. notes to consolidated financial statements (continued) certain states and foreign jurisdictions to fully utilize available tax credits and other attributes. the deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. we provide u.s. income taxes on the earnings of foreign subsidiaries unless the subsidiaries 2019 earnings are considered permanently reinvested outside the united states or are exempted from taxation as a result of the new territorial tax system. to the extent that the foreign earnings previously treated as permanently reinvested are repatriated, the related u.s. tax liability may be reduced by any foreign income taxes paid on these earnings. as of november 30, 2018, the cumulative amount of earnings upon which u.s. income taxes have not been provided is approximately $275 million. the unrecognized deferred tax liability for these earnings is approximately $57.8 million. as of november 30, 2018, we have net operating loss carryforwards of approximately $881.1 million for federal and $349.7 million for state. we also have federal, state and foreign tax credit carryforwards of approximately $8.8 million, $189.9 million and $14.9 million, respectively. the net operating loss carryforward assets and tax credits will expire in various years from fiscal 2019 through 2036. the state tax credit carryforwards and a portion of the federal net operating loss carryforwards can be carried forward indefinitely. the net operating loss carryforward assets and certain credits are reduced by the valuation allowance and are subject to an annual limitation under internal revenue code section 382, the carrying amount of which are expected to be fully realized. as of november 30, 2018, a valuation allowance of $174.5 million has been established for certain deferred tax assets related to certain state and foreign assets. for fiscal 2018, the total change in the valuation allowance was $80.9 million. accounting for uncertainty in income taxes during fiscal 2018 and 2017, our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows (in thousands):. - | 2018 | 2017 beginning balance | $172945 | $178413 gross increases in unrecognized tax benefits 2013 prior year tax positions | 16191 | 3680 gross decreases in unrecognized tax benefits 2013 prior year tax positions | -4000 (4000) | -30166 (30166) gross increases in unrecognized tax benefits 2013 current year tax positions | 60721 | 24927 settlements with taxing authorities | 2014 | -3876 (3876) lapse of statute of limitations | -45922 (45922) | -8819 (8819) foreign exchange gains and losses | -3783 (3783) | 8786 ending balance | $196152 | $172945 the combined amount of accrued interest and penalties related to tax positions taken on our tax returns were approximately $24.6 million and $23.6 million for fiscal 2018 and 2017, respectively. these amounts were included in long-term income taxes payable in their respective years. we file income tax returns in the united states on a federal basis and in many u.s. state and foreign jurisdictions. we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities. our major tax jurisdictions are ireland, california and the united states. for ireland, california and the united states, the earliest fiscal years open for examination are 2008, 2014 and 2015, respectively. we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from these examinations. we believe such estimates to be reasonable; however, there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position. the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process. these events could cause large fluctuations in the balance of short-term and long- term assets, liabilities and income taxes payable. we believe that within the next 12 months, it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire, or both. given the uncertainties described above, we can only determine a range of estimated potential effect in underlying unrecognized tax benefits ranging from $0 to approximately $45 million.. what was the total gross amount of unrecognized tax benefits in 2018? 196152.0 what was the value in 2017? 172945.0 what is the net change? 23207.0 what is the percent change?

0.13419

our ability to restructure or refinance our debt will depend on the condition of the capital markets and our financial condition at such time. any refinancing of our debt could be at higher interest rates and may require us to comply with more onerous covenants, which could further restrict our business operations. in addition, any failure to make payments of interest and principal on our outstanding indebtedness on a timely basis would likely result in a reduction of our credit rating, which could harm our ability to incur additional indebtedness. if our cash flows and available cash are insufficient to meet our debt service obligations, we could face substantial liquidity problems and might be required to dispose of material assets or operations to meet our debt service and other obligations. we may not be able to consummate those dispositions or to obtain the proceeds that we could realize from them, and these proceeds may not be adequate to meet any debt service obligations then due. item 1b. unresolved staff comments item 2. properties a summary of our significant locations at december 31, 2013 is shown in the following table. all facilities are leased, except for 165000 square feet of our office in alpharetta, georgia. square footage amounts are net of space that has been sublet or part of a facility restructuring.. location | approximate square footage alpharetta georgia | 254000 jersey city new jersey | 107000 arlington virginia | 102000 sandy utah | 66000 menlo park california | 63000 new york new york | 39000 chicago illinois (1) | 36000 chicago, illinois (1) 36000 (1) includes approximately 25000 square footage related to g1 execution services, llc. we entered into a definitive agreement to sell g1 execution services, llc to an affiliate of susquehanna. the lease was assigned to susquehanna upon closing of the sale on february 10, all of our facilities are used by either our trading and investing or balance sheet management segments, in addition to the corporate/other category. all other leased facilities with space of less than 25000 square feet are not listed by location. in addition to the significant facilities above, we also lease all 30 e*trade branches, ranging in space from approximately 2500 to 8000 square feet. we believe our facilities space is adequate to meet our needs in 2014. item 3. legal proceedings on october 27, 2000, ajaxo, inc. (201cajaxo 201d) filed a complaint in the superior court for the state of california, county of santa clara. ajaxo sought damages and certain non-monetary relief for the company 2019s alleged breach of a non-disclosure agreement with ajaxo pertaining to certain wireless technology that ajaxo offered the company as well as damages and other relief against the company for their alleged misappropriation of ajaxo 2019s trade secrets. following a jury trial, a judgment was entered in 2003 in favor of ajaxo against the company for $1.3 million for breach of the ajaxo non-disclosure agreement. although the jury found in favor of ajaxo on its claim against the company for misappropriation of trade secrets, the trial court subsequently denied ajaxo 2019s requests for additional damages and relief. on december 21, 2005, the california court of appeal affirmed the above-described award against the company for breach of the nondisclosure agreement but remanded the case to the trial court for the limited purpose of determining what, if any, additional damages ajaxo may be entitled to as a result of the jury 2019s previous finding in favor of ajaxo on its claim against the company for misappropriation of trade secrets. although the company paid ajaxo the full amount due on the above-described judgment, the case was remanded back to the trial court, and on may 30, 2008, a jury returned a. what was the percentage of sq ft of the office in alpharette, georgia not leased as of 12/31/13?

0.64961

alexion pharmaceuticals, inc. notes to consolidated financial statements 2014 (continued) for the years ended december 31, 2007 and 2006, five month period ended december 31, 2005, and year ended july 31, 2005 (amounts in thousands, except share and per share amounts) aggregate future minimum annual rental payments for the next five years and thereafter under non-cancellable operating leases (including facilities and equipment) as of december 31, 2007 are:. 2008 | $4935 2009 | 3144 2010 | 3160 2011 | 3200 2012 | 2768 thereafter | 9934 9. commitments and contingencies legal proceedings on march 16, 2007, pdl biopharma, inc., or pdl, filed a civil action against alexion in the u.s. district court for the district of delaware. pdl claims willful infringement by alexion of pdl patents due to sales of soliris. pdl seeks unspecified damages, but no less than a reasonable royalty, plus attorney 2019s fees. alexion has denied pdl's claims. in addition, we filed counterclaims seeking declarations of non-infringement and invalidity of certain u.s. patents held by pdl. alexion believes it has good and valid defenses to pdl's claims and intends to vigorously defend the case and pursue its counterclaims. on february 4, 2008, sb2, inc. filed a civil action against alexion in the united states district court for the northern district of california. sb2, inc. claims willfull infringement by alexion of sb2, inc. patents due to sales of soliris. sb2, inc. seeks unspecified monetary damages, equitable relief and attorneys fees. alexion believes it has good and valid defenses to sb2's claims and intends to vigorously defend the case and pursue its counterclaims. the results of such civil actions cannot be predicted with certainty due to their early stages. however, depending on the outcome of these legal matters, the operating results of the company could be materially impacted through adjustments to cost of sales (see notes 2, 6 and 15 for additional information related to royalties). product supply the large-scale product supply agreement dated december 18, 2002, or the lonza agreement, between lonza sales ag, or lonza, and us, relating to the manufacture of soliris, was amended in june 2007. we amended our supply agreement to provide for additional purchase commitments of soliris of $30000 to $35000 through 2013. such commitments may only be cancelled in limited circumstances.. what was the minimum annual rental payment in 2011? 3200.0 what was it in 2010? 3160.0 what is the difference? 40.0 what is the percent change?

0.01266

table of contents tceq and harris county pollution control services department (hcpcs) (houston terminal). we have an outstanding noe from the tceq and an outstanding vn from the hcpcs alleging excess emissions from tank 003 that occurred during hurricane harvey. we are working with the pertinent authorities to resolve these matters. item 4. mine safety disclosures part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities our common stock trades on the nyse under the trading symbol 201cvlo. 201d as of january 31, 2019, there were 5271 holders of record of our common stock. dividends are considered quarterly by the board of directors, may be paid only when approved by the board, and will depend on our financial condition, results of operations, cash flows, prospects, industry conditions, capital requirements, and other factors and restrictions our board deems relevant. there can be no assurance that we will pay a dividend at the rates we have paid historically, or at all, in the future. the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2018. period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs (a) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs (b). period | total numberof sharespurchased | averageprice paidper share | total number ofshares notpurchased as part ofpublicly announcedplans or programs (a) | total number ofshares purchased aspart of publiclyannounced plans orprograms | approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms (b) october 2018 | 939957 | $87.23 | 8826 | 931131 | $2.7 billion november 2018 | 3655945 | $87.39 | 216469 | 3439476 | $2.4 billion december 2018 | 3077364 | $73.43 | 4522 | 3072842 | $2.2 billion total | 7673266 | $81.77 | 229817 | 7443449 | $2.2 billion (a) the shares reported in this column represent purchases settled in the fourth quarter of 2018 relating to (i) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans and (ii) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options, the vesting of restricted stock, and other stock compensation transactions in accordance with the terms of our stock-based compensation plans. (b) on january 23, 2018, we announced that our board of directors authorized our purchase of up to $2.5 billion of our outstanding common stock (the 2018 program), with no expiration date, which was in addition to the remaining amount available under a $2.5 billion program authorized on september 21, 2016 (the 2016 program). during the fourth quarter of 2018, we completed our purchases under the 2016 program. as of december 31, 2018, we had $2.2 billion remaining available for purchase under the 2018 program.. what was the total number of shares purchased in november for the q4 ended 12/31/18? 0.47645 as of 12/18, what was the percentage of the 2018 program still outstanding?

0.88

the goldman sachs group, inc. and subsidiaries notes to consolidated financial statements in the tables above: 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting, and therefore are not representative of the firm 2019s exposure. 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels. where the counterparty netting is across levels, the netting is included in cross-level counterparty netting. 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. significant unobservable inputs the table below presents the amount of level 3 assets (liabilities), and ranges, averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives. level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december $in millions 2017 2016. $in millions | level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december 2017 | level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december 2016 interest rates net | $-410 (410) | $-381 (381) correlation | (10)% (%) to 95% (95%) (71%/79% (71%/79%)) | (10)% (%) to 86% (86%) (56%/60% (56%/60%)) volatility (bps) | 31 to 150 (84/78) | 31 to 151 (84/57) credit net | $1505 | $2504 correlation | 28% (28%) to 84% (84%) (61%/60% (61%/60%)) | 35% (35%) to 91% (91%) (65%/68% (65%/68%)) credit spreads (bps) | 1 to 633 (69/42) | 1 to 993 (122/73) upfront credit points | 0 to 97 (42/38) | 0 to 100 (43/35) recovery rates | 22% (22%) to 73% (73%) (68%/73% (68%/73%)) | 1% (1%) to 97% (97%) (58%/70% (58%/70%)) currencies net | $-181 (181) | $3 correlation | 49% (49%) to 72% (72%) (61%/62% (61%/62%)) | 25% (25%) to 70% (70%) (50%/55% (50%/55%)) commodities net | $47 | $73 volatility | 9% (9%) to 79% (79%) (24%/24% (24%/24%)) | 13% (13%) to 68% (68%) (33%/33% (33%/33%)) natural gas spread | $(2.38) to $3.34 ($(0.22) /$(0.12)) | $(1.81) to $4.33 ($(0.14) /$(0.05)) oil spread | $(2.86) to $23.61 ($6.47/$2.35) | $(19.72) to $64.92 ($25.30/$16.43) equities net | $-1249 (1249) | $-3416 (3416) correlation | (36)% (%) to 94% (94%) (50%/52% (50%/52%)) | (39)% (%) to 88% (88%) (41%/41% (41%/41%)) volatility | 4% (4%) to 72% (72%) (24%/22% (24%/22%)) | 5% (5%) to 72% (72%) (24%/23% (24%/23%)) in the table above: 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative. 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments. an average greater than the median indicates that the majority of inputs are below the average. for example, the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range. 2030 the ranges, averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative. for example, the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative. accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of the firm 2019s level 3 derivatives. 2030 interest rates, currencies and equities derivatives are valued using option pricing models, credit derivatives are valued using option pricing, correlation and discounted cash flow models, and commodities derivatives are valued using option pricing and discounted cash flow models. 2030 the fair value of any one instrument may be determined using multiple valuation techniques. for example, option pricing models and discounted cash flows models are typically used together to determine fair value. therefore, the level 3 balance encompasses both of these techniques. 2030 correlation within currencies and equities includes cross- product type correlation. 2030 natural gas spread represents the spread per million british thermal units of natural gas. 2030 oil spread represents the spread per barrel of oil and refined products. range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments: 2030 correlation. ranges for correlation cover a variety of underliers both within one product type (e.g., equity index and equity single stock names) and across product types (e.g., correlation of an interest rate and a currency), as well as across regions. generally, cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type. 2030 volatility. ranges for volatility cover numerous underliers across a variety of markets, maturities and strike prices. for example, volatility of equity indices is generally lower than volatility of single stocks. 2030 credit spreads, upfront credit points and recovery rates. the ranges for credit spreads, upfront credit points and recovery rates cover a variety of underliers (index and single names), regions, sectors, maturities and credit qualities (high-yield and investment-grade). the broad range of this population gives rise to the width of the ranges of significant unobservable inputs. 130 goldman sachs 2017 form 10-k. what is the net change in the value of commodities from 2016 to 2017? -26.0 what is the percent change?

-0.35616

performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index. the graph assumes the investment of $100 as of december 31, 2013, in pmi common stock (at prices quoted on the new york stock exchange) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis. date pmi pmi peer group (1) s&p 500 index. date | pmi | pmi peer group (1) | s&p 500 index december 31 2013 | $100.00 | $100.00 | $100.00 december 31 2014 | $97.90 | $107.80 | $113.70 december 31 2015 | $111.00 | $116.80 | $115.30 december 31 2016 | $120.50 | $118.40 | $129.00 december 31 2017 | $144.50 | $140.50 | $157.20 december 31 2018 | $96.50 | $127.70 | $150.30 (1) the pmi peer group presented in this graph is the same as that used in the prior year. the pmi peer group was established based on a review of four characteristics: global presence; a focus on consumer products; and net revenues and a market capitalization of a similar size to those of pmi. the review also considered the primary international tobacco companies. as a result of this review, the following companies constitute the pmi peer group: altria group, inc., anheuser-busch inbev sa/nv, british american tobacco p.l.c., the coca-cola company, colgate-palmolive co., diageo plc, heineken n.v., imperial brands plc, japan tobacco inc., johnson & johnson, kimberly-clark corporation, the kraft-heinz company, mcdonald's corp., mondel z international, inc., nestl e9 s.a., pepsico, inc., the procter & gamble company, roche holding ag, and unilever nv and plc. note: figures are rounded to the nearest $0.10.. what is the net change in the price for pmi common stock from 2013 to 2018?

-3.5

z i m m e r h o l d i n g s, i n c. a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k the following table sets forth the operating profit margin by cost of products sold. included in cost of product sold are segment for the years ended december 31, 2003, losses on foreign exchange hedge contracts, which increased 2002 and 2001: in 2003 relative to 2002. in the fourth quarter, the company reported operating profit as a percent of net sales of percent of net sales 47.1 percent for asia pacific.. year ended december 31, | 2003 | 2002 | 2001 americas | 51.2% (51.2%) | 48.3% (48.3%) | 47.4% (47.4%) europe | 26.3 | 24.4 | 19.5 asia pacific | 45.3 | 46.1 | 45.4 operating profit for the americas as a percentage of net sales increased to 48.3 percent in 2002 from 47.4 percent in year ended december 31, 2003 2001, reflecting improved gross profit margins due to higher compared to year ended december 31, 2002 average selling prices and increased sales of higher margin operating profit for the americas as a percentage of net products, and lower selling expenses as a percent of sales sales increased due to improved gross margins driven by due to lower costs associated with the u.s. distributor higher average selling prices and increased sales of higher network. the americas continued to invest in strategic margin products, leveraged operating expenses and the initiatives such as mis technologies, field sales personnel, favorable impact of the change in accounting principle for medical education programs and new product launches. instruments. the change in accounting principle for operating profit for asia pacific as a percentage of net instruments increased operating profit by 1.7 percentage sales increased to 46.1 percent in 2002 from 45.4 percent points. with respect to sales growth, increased zimmer in 2001. this increase reflects lower selling, general and standalone average selling prices of 4 percent in 2003 and administrative expenses as a percent of sales in japan as favorable effects of volume and mix, 15 percent increase in a result of a sales force and dealer reorganization, partially 2003, represent the most significant factors in improved offset by lower gross profit margins as a result of lower yen operating profit in the americas. as reconstructive implant hedge gains compared to 2001. sales grow at a higher rate than trauma and orthopaedic operating profit for europe as a percentage of net sales surgical products, operating profit margins generally tend to increased to 24.4 percent in 2002 from 19.5 percent in 2001, improve since reconstructive product sales generally earn due to improved gross profit margins as a result of higher higher gross margins. this was the case in 2003, with zimmer average selling prices and favorable product and country mix, standalone reconstructive implant sales growth of 22 percent the leveraging of sales growth in europe on controlled as compared with total zimmer standalone sales growth of increases in operating expenses and improved efficiency 19 percent. in the fourth quarter, the company reported in the utilization of instruments (more frequent use of operating profit as a percent of net sales of 50.4 percent for instruments resulted in fewer placements and less expense). the americas. operating profit for europe as a percentage of net sales liquidity and capital resources increased due to improved gross profit margins driven by cash flows provided by operations were $494.8 million higher zimmer standalone average selling prices and in 2003, compared with $220.2 million in 2002. the principal favorable product and country mix, leveraged operating source of cash was net earnings before cumulative effect of expenses and the favorable impact of the change in change in accounting principle of $291.2 million. non-cash accounting principle for instruments. the change in expenses for the period included depreciation and accounting for instruments increased operating profit by amortization expense of $103.3 million, centerpulse inventory 1.4 percentage points. increases in zimmer standalone step-up of $42.7 million and centerpulse in-process research average selling prices in europe of 2 percent in 2003 and the and development write-offs of $11.2 million. working capital effect of volume and mix, 19 percent increase in 2003, were management, together with the collection of $20.0 million of the key factors in improved operating profit. also cash related to centerpulse tax loss carryforwards, contributing to the improvement was significantly lower contributed $80.4 million to operating cash flow. growth in operating expenses. in the fourth quarter, the working capital continues to be a key management focus. company reported operating profit as a percent of net sales at december 31, 2003, the company had 62 days of sales of 24.7 percent for europe. outstanding in accounts receivable, unfavorable to the prior operating profit for asia pacific as a percentage of year by 10 days. acquired centerpulse businesses had a net sales decreased primarily due to less favorable rates on negative impact of 10 days, due to centerpulse 2019s business hedge contracts during the year compared to the prior year, mix which has a greater proportion of european revenue with partially offset by increased zimmer standalone average payment terms generally longer than those in the u.s. at selling prices and leveraged operating expenses. the change december 31, 2003, the company had 232 days of inventory in accounting for instruments had an immaterial effect on on hand compared to 247 days reported at the end of 2002. operating profit for asia pacific. increases in zimmer the reduction was principally due to improved inventory standalone average selling prices in asia pacific of 1 percent management and the acquired dental and spinal businesses and volume and mix improvements of 4 percent in 2003 carrying fewer days of inventory. contributed modest improvement but was offset by higher. what was the operating profit for the americas as a percentage of net sales in 2003? 51.2 and what was it in 2001? 47.4 by what amount, then, did it change over the years? 3.8 and what was this change but for the operating profit for europe as a percentage of net sales, in the same period?

6.8