Quarterly Average Balances and Interest Rates – FTE Basis (continued)
## Table 0 ##
For Footnotes, see page 118.
information about our operating performance because the presentation ex-FX excludes the effects of foreign currency volatility and highlights our core operating results.
The presentation of results on a constant currency basis should be considered in addition to, but not a substitute for, measures of financial performance reported in accordance with GAAP.
The ex-FX change represents the percentage change on a period-over-period basis adjusted for foreign currency impacts.
The ex-FX change is calculated as the difference between the current year amounts translated at a baseline rate, a spot rate for each of our currencies determined early in the fiscal year as part of our forecasting process, (the “2015 Baseline Rate”) and the prior year amounts translated at the same 2015 Baseline Rate.
In addition, consistent with the assumption of a constant currency environment, our ex-FX results exclude the impact of our foreign currency hedging activities as well as realized and unrealized foreign currency transaction gains and losses.
The impact of foreign currency on the comparability of our results is reflected in the tables below (in millions).
Results on a constant currency basis, as we present them, may not be comparable to similarly titled measures used by other companies.
Consolidated
## Table 1 ##
International Networks
## Table 2 ##
There are no other items impacting comparability.
LIQUIDITY AND CAPITAL RESOURCES Liquidity Sources of Cash Historically, we have generated a significant amount of cash from operations.
During the year ended December 31, 2017, we funded our working capital needs primarily through cash flows from operations.
As of December 31, 2017, we had $7.3 billion of cash and cash equivalents on hand.
We maintain an effective Registration Statement on Form S-3 that allows us to conduct registered offerings of securities, including debt securities, common stock and preferred stock.
Access to sufficient capital from the public market is not assured.
closing price of our common stock on December 31, 2009, which would have been received by the option holders had all option holders exercised their options as of that date.
This amount changes based upon the fair market value of our common stock.
The total intrinsic value of stock options exercised was $27.2 million, $33.5 million and $52.4 million during the years ended December 31, 2009, 2008 and 2007, respectively.
Note 6.
Long-Term Obligations Long-Term Obligations consist of the following (in thousands):
## Table 3 ##
The scheduled maturities of long-term obligations outstanding at December 31, 2009 are as follows (in thousands):

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="3">Second Quarter 2009</td><td colspan="3">First Quarter 2009</td><td colspan="3">Fourth Quarter 2008</td></tr><tr><td>(Dollars in millions)</td><td>Average Balance</td><td>Interest Income/ Expense</td><td>Yield/ Rate</td><td>Average Balance</td><td>Interest Income/ Expense</td><td>Yield/ Rate</td><td>Average Balance</td><td>Interest Income/ Expense</td><td>Yield/ Rate</td></tr><tr><td> Earning assets</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Time deposits placed and other short-term investments</td><td>$25,604</td><td>$169</td><td>2.64%</td><td>$26,158</td><td>$191</td><td>2.96%</td><td>$10,511</td><td>$158</td><td>5.97%</td></tr><tr><td>Federal funds sold and securities borrowed or purchased under agreements to resell</td><td>230,955</td><td>690</td><td>1.20</td><td>244,280</td><td>1,155</td><td>1.90</td><td>104,843</td><td>393</td><td>1.50</td></tr><tr><td>Trading account assets</td><td>199,820</td><td>2,028</td><td>4.07</td><td>237,350</td><td>2,499</td><td>4.24</td><td>179,687</td><td>2,170</td><td>4.82</td></tr><tr><td>Debt securities<sup>-1</sup></td><td>255,159</td><td>3,353</td><td>5.26</td><td>286,249</td><td>3,902</td><td>5.47</td><td>280,942</td><td>3,913</td><td>5.57</td></tr><tr><td>Loans and leases<sup>-2</sup>:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage<sup>-3</sup></td><td>253,803</td><td>3,489</td><td>5.50</td><td>265,121</td><td>3,680</td><td>5.57</td><td>253,560</td><td>3,596</td><td>5.67</td></tr><tr><td>Home equity</td><td>156,599</td><td>1,722</td><td>4.41</td><td>158,575</td><td>1,787</td><td>4.55</td><td>151,943</td><td>1,954</td><td>5.12</td></tr><tr><td>Discontinued real estate</td><td>18,309</td><td>303</td><td>6.61</td><td>19,386</td><td>386</td><td>7.97</td><td>21,324</td><td>459</td><td>8.60</td></tr><tr><td>Credit card – domestic</td><td>51,721</td><td>1,380</td><td>10.70</td><td>58,960</td><td>1,601</td><td>11.01</td><td>64,906</td><td>1,784</td><td>10.94</td></tr><tr><td>Credit card – foreign</td><td>18,825</td><td>501</td><td>10.66</td><td>16,858</td><td>454</td><td>10.94</td><td>17,211</td><td>521</td><td>12.05</td></tr><tr><td>Direct/Indirect consumer<sup>-4</sup></td><td>100,302</td><td>1,532</td><td>6.12</td><td>100,741</td><td>1,684</td><td>6.78</td><td>83,331</td><td>1,714</td><td>8.18</td></tr><tr><td>Other consumer<sup>-5</sup></td><td>3,298</td><td>63</td><td>7.77</td><td>3,408</td><td>64</td><td>7.50</td><td>3,544</td><td>70</td><td>7.83</td></tr><tr><td>Total consumer</td><td>602,857</td><td>8,990</td><td>5.97</td><td>623,049</td><td>9,656</td><td>6.25</td><td>595,819</td><td>10,098</td><td>6.76</td></tr><tr><td>Commercial – domestic</td><td>231,639</td><td>2,176</td><td>3.77</td><td>240,683</td><td>2,485</td><td>4.18</td><td>226,095</td><td>2,890</td><td>5.09</td></tr><tr><td>Commercial real estate<sup>-6</sup></td><td>75,559</td><td>627</td><td>3.33</td><td>72,206</td><td>550</td><td>3.09</td><td>64,586</td><td>706</td><td>4.35</td></tr><tr><td>Commercial lease financing</td><td>22,026</td><td>260</td><td>4.72</td><td>22,056</td><td>279</td><td>5.05</td><td>22,069</td><td>242</td><td>4.40</td></tr><tr><td>Commercial – foreign</td><td>34,024</td><td>360</td><td>4.24</td><td>36,127</td><td>462</td><td>5.18</td><td>32,994</td><td>373</td><td>4.49</td></tr><tr><td>Total commercial</td><td>363,248</td><td>3,423</td><td>3.78</td><td>371,072</td><td>3,776</td><td>4.12</td><td>345,744</td><td>4,211</td><td>4.85</td></tr><tr><td>Total loans and leases</td><td>966,105</td><td>12,413</td><td>5.15</td><td>994,121</td><td>13,432</td><td>5.46</td><td>941,563</td><td>14,309</td><td>6.06</td></tr><tr><td>Other earning assets</td><td>134,338</td><td>1,251</td><td>3.73</td><td>124,325</td><td>1,299</td><td>4.22</td><td>99,127</td><td>959</td><td>3.85</td></tr><tr><td>Total earning assets<sup>-7</sup></td><td>1,811,981</td><td>19,904</td><td>4.40</td><td>1,912,483</td><td>22,478</td><td>4.74</td><td>1,616,673</td><td>21,902</td><td>5.40</td></tr><tr><td>Cash and cash equivalents</td><td>204,354</td><td></td><td></td><td>153,007</td><td></td><td></td><td>77,388</td><td></td><td></td></tr><tr><td>Other assets, less allowance for loan and lease losses</td><td>403,982</td><td></td><td></td><td>453,644</td><td></td><td></td><td>254,793</td><td></td><td></td></tr><tr><td>Total assets</td><td>$2,420,317</td><td></td><td></td><td>$2,519,134</td><td></td><td></td><td>$1,948,854</td><td></td><td></td></tr><tr><td> Interest-bearing liabilities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Domestic interest-bearing deposits:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Savings</td><td>$34,367</td><td>$54</td><td>0.63%</td><td>$32,378</td><td>$58</td><td>0.72%</td><td>$31,561</td><td>$58</td><td>0.73%</td></tr><tr><td>NOW and money market deposit accounts</td><td>342,570</td><td>376</td><td>0.44</td><td>343,215</td><td>440</td><td>0.52</td><td>285,410</td><td>813</td><td>1.13</td></tr><tr><td>Consumer CDs and IRAs</td><td>229,392</td><td>1,409</td><td>2.46</td><td>235,787</td><td>1,710</td><td>2.93</td><td>229,410</td><td>1,835</td><td>3.18</td></tr><tr><td>Negotiable CDs, public funds and other time deposits</td><td>39,100</td><td>124</td><td>1.28</td><td>31,188</td><td>149</td><td>1.94</td><td>36,510</td><td>270</td><td>2.94</td></tr><tr><td>Total domestic interest-bearing deposits</td><td>645,429</td><td>1,963</td><td>1.22</td><td>642,568</td><td>2,357</td><td>1.49</td><td>582,891</td><td>2,976</td><td>2.03</td></tr><tr><td>Foreign interest-bearing deposits:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Banks located in foreign countries</td><td>19,261</td><td>37</td><td>0.76</td><td>26,052</td><td>48</td><td>0.75</td><td>41,398</td><td>125</td><td>1.20</td></tr><tr><td>Governments and official institutions</td><td>7,379</td><td>4</td><td>0.22</td><td>9,849</td><td>6</td><td>0.25</td><td>13,738</td><td>30</td><td>0.87</td></tr><tr><td>Time, savings and other</td><td>54,307</td><td>78</td><td>0.58</td><td>58,380</td><td>132</td><td>0.92</td><td>48,836</td><td>165</td><td>1.34</td></tr><tr><td>Total foreign interest-bearing deposits</td><td>80,947</td><td>119</td><td>0.59</td><td>94,281</td><td>186</td><td>0.80</td><td>103,972</td><td>320</td><td>1.22</td></tr><tr><td>Total interest-bearing deposits</td><td>726,376</td><td>2,082</td><td>1.15</td><td>736,849</td><td>2,543</td><td>1.40</td><td>686,863</td><td>3,296</td><td>1.91</td></tr><tr><td>Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings</td><td>503,451</td><td>1,396</td><td>1.11</td><td>591,928</td><td>2,221</td><td>1.52</td><td>459,743</td><td>1,910</td><td>1.65</td></tr><tr><td>Trading account liabilities</td><td>62,778</td><td>450</td><td>2.87</td><td>69,481</td><td>579</td><td>3.38</td><td>65,058</td><td>524</td><td>3.20</td></tr><tr><td>Long-term debt</td><td>444,131</td><td>4,034</td><td>3.64</td><td>446,975</td><td>4,316</td><td>3.89</td><td>255,709</td><td>2,766</td><td>4.32</td></tr><tr><td>Total interest-bearing liabilities<sup>-7</sup></td><td>1,736,736</td><td>7,962</td><td>1.84</td><td>1,845,233</td><td>9,659</td><td>2.11</td><td>1,467,373</td><td>8,496</td><td>2.30</td></tr><tr><td>Noninterest-bearing sources:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Noninterest-bearing deposits</td><td>248,516</td><td></td><td></td><td>227,232</td><td></td><td></td><td>205,278</td><td></td><td></td></tr><tr><td>Other liabilities</td><td>192,198</td><td></td><td></td><td>217,903</td><td></td><td></td><td>99,637</td><td></td><td></td></tr><tr><td>Shareholders’ equity</td><td>242,867</td><td></td><td></td><td>228,766</td><td></td><td></td><td>176,566</td><td></td><td></td></tr><tr><td>Total liabilities and shareholders’ equity</td><td>$2,420,317</td><td></td><td></td><td>$2,519,134</td><td></td><td></td><td>$1,948,854</td><td></td><td></td></tr><tr><td>Net interest spread</td><td></td><td></td><td>2.56%</td><td></td><td></td><td>2.63%</td><td></td><td></td><td>3.10%</td></tr><tr><td>Impact of noninterest-bearing sources</td><td></td><td></td><td>0.08</td><td></td><td></td><td>0.07</td><td></td><td></td><td>0.21</td></tr><tr><td> Net interest income/yield on earning assets</td><td></td><td>$11,942</td><td>2.64%</td><td></td><td>$12,819</td><td>2.70%</td><td></td><td>$13,406</td><td>3.31%</td></tr></table>
<table><tr><td>Consolidated</td><td colspan="4">Year Ended December 31,</td></tr><tr><td></td><td>2016</td><td>2015</td><td>% Change(Reported)</td><td>% Change(ex-FX)</td></tr><tr><td>Revenues:</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution</td><td>$3,213</td><td>$3,068</td><td>5%</td><td>9%</td></tr><tr><td>Advertising</td><td>2,970</td><td>3,004</td><td>-1%</td><td>1%</td></tr><tr><td>Other</td><td>314</td><td>322</td><td>-2%</td><td>2%</td></tr><tr><td>Total revenues</td><td>6,497</td><td>6,394</td><td>2%</td><td>4%</td></tr><tr><td>Costs of revenue, excluding depreciation and amortization</td><td>2,432</td><td>2,343</td><td>4%</td><td>6%</td></tr><tr><td>Selling, general and administrative expense</td><td>1,690</td><td>1,669</td><td>1%</td><td>4%</td></tr><tr><td>Adjusted OIBDA</td><td>$2,413</td><td>$2,382</td><td>1%</td><td>5%</td></tr></table>
<table><tr><td>International Networks</td><td colspan="4">Year Ended December 31,</td></tr><tr><td></td><td>2016</td><td>2015</td><td>% Change(Reported)</td><td>% Change(ex-FX)</td></tr><tr><td>Revenues:</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution</td><td>$1,681</td><td>$1,637</td><td>3%</td><td>10%</td></tr><tr><td>Advertising</td><td>1,279</td><td>1,353</td><td>-5%</td><td>-2%</td></tr><tr><td>Other</td><td>80</td><td>102</td><td>-22%</td><td>-20%</td></tr><tr><td>Total revenues</td><td>3,040</td><td>3,092</td><td>-2%</td><td>4%</td></tr><tr><td>Costs of revenue, excluding depreciation and amortization</td><td>1,462</td><td>1,375</td><td>6%</td><td>10%</td></tr><tr><td>Selling, general and administrative expenses</td><td>743</td><td>772</td><td>-4%</td><td>1%</td></tr><tr><td>Adjusted OIBDA</td><td>$835</td><td>$945</td><td>-12%</td><td>-4%</td></tr></table>
<table><tr><td></td><td colspan="2">December 31,</td></tr><tr><td></td><td>2009</td><td>2008</td></tr><tr><td>Senior secured debt financing facility:</td><td></td><td></td></tr><tr><td>Term loans payable</td><td>$595,716</td><td>$632,983</td></tr><tr><td>Revolving credit facility</td><td>—</td><td>5,342</td></tr><tr><td>Notes payable to individuals through August 2019, interest at 2.0% to 10.0%</td><td>7,329</td><td>4,549</td></tr><tr><td></td><td>603,045</td><td>642,874</td></tr><tr><td>Less current maturities</td><td>-10,063</td><td>-21,934</td></tr><tr><td></td><td>$592,982</td><td>$620,940</td></tr></table>

Question: What's the average of Less current maturities of December 31, 2008, and Distribution of Year Ended December 31, 2016 ?
Answer: 12573.5
Reasoning program: add(21934.0,3213.0), divide(#0,const_2)