wandb/finqa-data-processed huggingface dataset:
entergy texas , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 37.9 million primarily due to lower other operation and maintenance expenses , the asset write-off of its receivable associated with the spindletop gas storage facility in 2015 , and higher net revenue . 2015 compared to 2014 net income decreased $ 5.2 million primarily due to the asset write-off of its receivable associated with the spindletop gas storage facility and higher other operation and maintenance expenses , partially offset by higher net revenue and a lower effective tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .

	amount ( in millions )
2015 net revenue	$ 637.2
reserve equalization	14.3
purchased power capacity	12.4
transmission revenue	7.0
retail electric price	5.4
net wholesale	-27.8 ( 27.8 )
other	-4.3 ( 4.3 )
2016 net revenue	$ 644.2

the reserve equalization variance is primarily due to a reduction in reserve equalization expense primarily due to changes in the entergy system generation mix compared to the same period in 2015 as a result of the execution of a new purchased power agreement and entergy mississippi 2019s exit from the system agreement , each in november 2015 , and entergy texas 2019s exit from the system agreement in august 2016 . see note 2 to the financial statements for a discussion of the system agreement . the purchased power capacity variance is primarily due to decreased expenses due to the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016 , as well as capacity cost changes for ongoing purchased power capacity contracts . the transmission revenue variance is primarily due to an increase in attachment o rates charged by miso to transmission customers and a settlement of attachment o rates previously billed to transmission customers by miso. .

Question: was the change in net revenue from changes in transmission revenue more significant than the change due to the retail electric price change?
Program: greater(7.0, 5.4)
Answer: yes
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 compensation survey group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2010 , 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 compensation survey group ( 12 ) s&p 500 index .

date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
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december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80

( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc . ( 2 ) on october 1 , 2012 , international , inc . ( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc . ( nasdaq : krft ) . international , inc . was retained in the pmi compensation survey group index because of its global footprint . the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc . and kraft foods group , inc . on october 2 , 2012 . note : figures are rounded to the nearest $ 0.10. .

Question: what is the roi of an investment in s&p 500 in 2010 and liquidated in 2011?
Program: subtract(102.10, const_100), divide(#0, const_100)
Answer: 0.021
28 , 35 , or 90 days . the funds associated with failed auctions will not be accessible until a successful auction occurs or a buyer is found outside of the auction process . based on broker- dealer valuation models and an analysis of other-than-temporary impairment factors , auction rate securities with an original par value of approximately $ 34 million were written-down to an estimated fair value of $ 16 million as of december 31 , 2007 . this write-down resulted in an 201cother-than-temporary 201d impairment charge of approximately $ 8 million ( pre-tax ) included in net income and a temporary impairment charge of $ 10 million ( pre-tax ) reflected as an unrealized loss within other comprehensive income for 2007 . as of december 31 , 2007 , these investments in auction rate securities have been in a loss position for less than six months . these auction rate securities are classified as non-current marketable securities as of december 31 , 2007 as indicated in the preceding table . 3m reviews impairments associated with the above in accordance with emerging issues task force ( eitf ) 03-1 and fsp sfas 115-1 and 124-1 , 201cthe meaning of other-than-temporary-impairment and its application to certain investments , 201d to determine the classification of the impairment as 201ctemporary 201d or 201cother-than-temporary . 201d a temporary impairment charge results in an unrealized loss being recorded in the other comprehensive income component of stockholders 2019 equity . such an unrealized loss does not reduce net income for the applicable accounting period because the loss is not viewed as other-than-temporary . the company believes that a portion of the impairment of its auction rate securities investments is temporary and a portion is other-than-temporary . the factors evaluated to differentiate between temporary and other-than-temporary include the projected future cash flows , credit ratings actions , and assessment of the credit quality of the underlying collateral . the balance at december 31 , 2007 for marketable securities and short-term investments by contractual maturity are shown below . actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties . dec . 31 , ( millions ) 2007 .

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( millions )	dec . 31 2007
due in one year or less	$ 231
due after one year through three years	545
due after three years through five years	221
due after five years	62
total marketable securities	$ 1059
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predetermined intervals , usually every 7 .

Question: what is the percent of the securities due in one year or less to the total balance
Program: divide(231, 1059)
Answer: 0.21813
tower cash flow , adjusted consolidated cash flow and non-tower cash flow are considered non-gaap financial measures . we are required to provide these financial metrics by the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , and we have included them below because we consider the indentures for these notes to be material agreements , the covenants related to tower cash flow , adjusted consolidated cash flow and non-tower cash flow to be material terms of the indentures , and information about compliance with such covenants to be material to an investor 2019s understanding of our financial results and the impact of those results on our liquidity . the following table presents tower cash flow , adjusted consolidated cash flow and non-tower cash flow for the company and its restricted subsidiaries , as defined in the indentures for the applicable notes ( in thousands ) : .

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• tower cash flow for the three months ended december 31 2008, $ 188449
• consolidated cash flow for the twelve months ended december 31 2008, 726954
• less : tower cash flow for the twelve months ended december 31 2008, -741565 ( 741565 )
• plus : four times tower cash flow for the three months ended december 31 2008, 753798
• adjusted consolidated cash flow for the twelve months ended december 31 2008, 739187
• non-tower cash flow for the twelve months ended december 31 2008, $ -14611 ( 14611 )
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.

Question: what portion of the adjusted consolidated cash flow for the twelve months ended december 31 , 2008 is related to non-tower cash flow?
Program: divide(-14611, 739187)
Answer: -0.01977
page 77 of 100 ball corporation and subsidiaries notes to consolidated financial statements 18 . financial instruments and risk management ( continued ) the following table provides the effects of derivative instruments in the consolidated statement of earnings and on accumulated other comprehensive earnings ( loss ) for the year ended december 31: .

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Row 1: ( $ in millions ), 2010 cash flow hedge 2013 reclassified amount from other comprehensive earnings ( loss ) 2013 gain ( loss ), 2010 gain ( loss ) on derivatives not designated as hedge instruments, 2010 cash flow hedge 2013 reclassified amount from other comprehensive earnings ( loss ) 2013 gain ( loss ), gain ( loss ) on derivatives not designated as hedge instruments
Row 2: commodity contracts ( a ), $ -6.4 ( 6.4 ), $ -0.3 ( 0.3 ), $ -96.4 ( 96.4 ), $ -5.1 ( 5.1 )
Row 3: interest rate contracts ( b ), -4.9 ( 4.9 ), 2212, -8.1 ( 8.1 ), 2212
Row 4: inflation option contracts ( c ), 2013, -0.9 ( 0.9 ), 2013, -0.1 ( 0.1 )
Row 5: foreign exchange contracts ( d ), -2.3 ( 2.3 ), 0.7, 0.7, 6.5
Row 6: equity contracts ( e ), 2013, 2013, 2013, 3.2
Row 7: total, $ -13.6 ( 13.6 ), $ -0.5 ( 0.5 ), $ -103.8 ( 103.8 ), $ 4.5
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( a ) gains and losses on commodity contracts are recorded in sales and cost of sales in the statement of earnings . virtually all these expenses were passed through to our customers , resulting in no significant impact to earnings . ( b ) losses on interest contracts are recorded in interest expense in the statement of earnings . ( c ) gains and losses on inflation options are recorded in cost of sales in the statement of earnings . ( d ) gains and losses on foreign currency contracts to hedge the sales of products are recorded in cost of sales . gains and losses on foreign currency hedges used for translation between segments are reflected in selling , general and administrative expenses in the consolidated statement of earnings . ( e ) gains and losses on equity put option contracts are recorded in selling , general and administrative expenses in the consolidated statement of earnings. .

Question: for 2010 , foreign exchange contracts were what portion of the reclassification to ordinary income?
Program: divide(2.3, 13.6)
Answer: 0.16912
the internal revenue code . therefore , cash needed to execute our strategy and invest in new properties , as well as to pay our debt at maturity , must come from one or more of the following sources : 2022 cash not distributed to shareholders , 2022 proceeds of property dispositions , or 2022 proceeds derived from the issuance of new debt or equity securities . it is management 2019s intention that we continually have access to the capital resources necessary to expand and develop our business . as a result , we intend to operate with and maintain a conservative capital structure that will allow us to maintain strong debt service coverage and fixed-charge coverage ratios as part of our commitment to investment-grade debt ratings . we may , from time to time , seek to obtain funds by the following means : 2022 additional equity offerings , 2022 unsecured debt financing and/or mortgage financings , and 2022 other debt and equity alternatives , including formation of joint ventures , in a manner consistent with our intention to operate with a conservative debt structure . cash and cash equivalents were $ 30.5 million and $ 35.0 million at december 31 , 2004 and december 31 , 2003 , respectively . summary of cash flows for the year ended december 31 , 2004 ( in thousands ) .

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 | for the year ended december 31 2004 ( in thousands )
----------|----------
cash provided by operating activities | $ 161113
cash used in investing activities | -154273 ( 154273 )
cash used by financing activities | -11333 ( 11333 )
decrease in cash and cash equivalents | -4493 ( 4493 )
cash and cash equivalents beginning of period | 34968
cash and cash equivalents end of period | $ 30475
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the cash provided by operating activities is primarily attributable to the operation of our properties and the change in working capital related to our operations . we used cash of $ 154.3 million during the twelve months ended december 31 , 2004 in investing activities , including the following : 2022 $ 101.7 million for our acquisition of westgate mall , shaw 2019s plaza and several parcels of land , 2022 capital expenditures of $ 59.2 million for development and redevelopment of properties including santana row , 2022 maintenance capital expenditures of approximately $ 36.9 million , 2022 $ 9.4 million capital contribution to a real estate partnership , and 2022 an additional $ 3.2 million net advance under an existing mortgage note receivable ; offset by 2022 $ 41.8 million in net sale proceeds from the sale of properties , and .

Question: what was the percentual decrease in the cash and cash equivalents during this period?
Program: divide(4493, 34968)
Answer: 0.12849
entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses . 2015 compared to 2014 net income decreased $ 47.1 million primarily due to higher other operation and maintenance expenses , partially offset by higher net revenue . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) .

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Row 1: , amount ( in millions )
Row 2: 2015 net revenue, $ 1362.2
Row 3: retail electric price, 161.5
Row 4: other, -3.2 ( 3.2 )
Row 5: 2016 net revenue, $ 1520.5
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the retail electric price variance is primarily due to an increase in base rates , as approved by the apsc . the new base rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 . the increase includes an interim base rate adjustment surcharge , effective with the first billing cycle of april 2016 , to recover the incremental revenue requirement for the period february 24 , 2016 through march 31 , 2016 . a significant portion of the increase is related to the purchase of power block 2 of the union power station . see note 2 to the financial statements for further discussion of the rate case . see note 14 to the financial statements for further discussion of the union power station purchase. .

Question: what is the net change in net revenue during 2016 for entergy arkansas , inc.?
Program: subtract(1520.5, 1362.2)
Answer: 158.3
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dow jones , and the s&p 500 . the graph assumes that the value of the investment in the common stock of union pacific corporation and each index was $ 100 on december 31 , 2002 , and that all dividends were reinvested . comparison of five-year cumulative return 2002 2003 2004 2005 2006 2007 upc s&p 500 peer group dj trans purchases of equity securities 2013 during 2007 , we repurchased 13266070 shares of our common stock at an average price of $ 115.66 . during the first nine months of 2007 , we repurchased 10639916 shares of our common stock at an average price per share of $ 112.68 . the following table presents common stock repurchases during each month for the fourth quarter of 2007 : period number of shares purchased average paid per total number of shares purchased as part of a publicly announced plan or program maximum number of shares that may yet be purchased under the plan or program .

period	totalnumber ofsharespurchased[a]	averagepricepaid pershare	total number of sharespurchased as part of apublicly announcedplan orprogram	maximum number ofshares that may yetbe purchased underthe plan orprogram[b]
oct . 1 through oct . 31	99782	$ 128.78	-	9774279
nov . 1 through nov . 30	540294	124.70	528000	9246279
dec . 1 through dec . 31	1986078	128.53	1869800	7376479
total	2626154	$ 127.75	2397800	n/a

[a] total number of shares purchased during the quarter includes 228354 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] on january 30 , 2007 , our board of directors authorized us to repurchase up to 20 million shares of our common stock through december 31 , 2009 . we may make these repurchases on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .

Question: during the fourth quarter of 2007 what was the percent of the total number of shares purchased in november
Program: divide(540294, 2626154)
Answer: 0.20574
the following table provides the weighted average assumptions used in the black-scholes option-pricing model for grants and the resulting weighted average grant date fair value per share of stock options granted for the years ended december 31: .

	2018	2017	2016
intrinsic value	$ 9	$ 10	$ 18
exercise proceeds	7	11	15
income tax benefit realized	2	3	6

stock units during 2018 , 2017 and 2016 , the company granted rsus to certain employees under the 2007 plan and 2017 omnibus plan , as applicable . rsus generally vest based on continued employment with the company over periods ranging from one to three years. .

Question: what was the lowest intrinsic value per share for the calculation in the table?
Program: table_min(intrinsic value, none)
Answer: 9.0
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities . amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities . 6 . commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases . the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments . the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes . the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) .

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2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426
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included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .

Question: what percentage change in rent expense from 2015 to 2016?
Program: subtract(109.0, 83.0), divide(#0, 83.0)
Answer: 0.31325