wandb/finqa-data-processed huggingface dataset:
18 . allowance for credit losses .

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in millions of dollars	2009	2008 ( 1 )	2007 ( 1 )
allowance for loan losses at beginning of year	$ 29616	$ 16117	$ 8940
gross credit losses	-32784 ( 32784 )	-20760 ( 20760 )	-11864 ( 11864 )
gross recoveries	2043	1749	1938
net credit ( losses ) recoveries ( ncls )	$ -30741 ( 30741 )	$ -19011 ( 19011 )	$ -9926 ( 9926 )
ncls	$ 30741	$ 19011	$ 9926
net reserve builds ( releases )	5741	11297	6550
net specific reserve builds ( releases )	2278	3366	356
total provision for credit losses	$ 38760	$ 33674	$ 16832
other net ( 2 )	-1602 ( 1602 )	-1164 ( 1164 )	271
allowance for loan losses at end of year	$ 36033	$ 29616	$ 16117
allowance for credit losses on unfunded lending commitments at beginning of year ( 3 )	$ 887	$ 1250	$ 1100
provision for unfunded lending commitments	244	-363 ( 363 )	150
allowance for credit losses on unfunded lending commitments at end of year ( 3 )	$ 1157	$ 887	$ 1250
total allowance for loans leases and unfunded lending commitments	$ 37190	$ 30503	$ 17367
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( 1 ) reclassified to conform to the current period 2019s presentation . ( 2 ) 2009 primarily includes reductions to the loan loss reserve of approximately $ 543 million related to securitizations , approximately $ 402 million related to the sale or transfers to held-for-sale of u.s . real estate lending loans , and $ 562 million related to the transfer of the u.k . cards portfolio to held-for-sale . 2008 primarily includes reductions to the loan loss reserve of approximately $ 800 million related to fx translation , $ 102 million related to securitizations , $ 244 million for the sale of the german retail banking operation , $ 156 million for the sale of citicapital , partially offset by additions of $ 106 million related to the cuscatl e1n and bank of overseas chinese acquisitions . 2007 primarily includes reductions to the loan loss reserve of $ 475 million related to securitizations and transfers to loans held-for-sale , and reductions of $ 83 million related to the transfer of the u.k . citifinancial portfolio to held-for-sale , offset by additions of $ 610 million related to the acquisitions of egg , nikko cordial , grupo cuscatl e1n and grupo financiero uno . ( 3 ) represents additional credit loss reserves for unfunded corporate lending commitments and letters of credit recorded in other liabilities on the consolidated balance sheet. .

Question: what was the percentage change in the allowance for loan losses from 2008 to 2009?
Program: subtract(29616, 16117), divide(#0, 16117)
Answer: 0.83756
grants of restricted awards are subject to forfeiture if a grantee , among other conditions , leaves our employment prior to expiration of the restricted period . new grants of restricted awards generally vest one year after the date of grant in 25% ( 25 % ) increments over a four year period , with the exception of tsrs which vest after a three year period . the following table summarizes the changes in non-vested restricted stock awards for the years ended may 31 , 2013 and 2012 ( share awards in thousands ) : shares weighted average grant-date fair value .

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Row 1: , shares, weighted averagegrant-datefair value
Row 2: non-vested at may 31 2011, 869, $ 40
Row 3: granted, 472, 48
Row 4: vested, -321 ( 321 ), 40
Row 5: forfeited, -79 ( 79 ), 43
Row 6: non-vested at may 31 2012, 941, 44
Row 7: granted, 561, 44
Row 8: vested, -315 ( 315 ), 43
Row 9: forfeited, -91 ( 91 ), 44
Row 10: non-vested at may 31 2013, 1096, $ 44
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the total fair value of share awards vested during the years ended may 31 , 2013 , 2012 and 2011 was $ 13.6 million , $ 12.9 million and $ 10.8 million , respectively . we recognized compensation expense for restricted stock of $ 16.2 million , $ 13.6 million , and $ 12.5 million in the years ended may 31 , 2013 , 2012 and 2011 , respectively . as of may 31 , 2013 , there was $ 33.5 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.5 years . employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 million shares of our common stock has been authorized . employees may designate up to the lesser of $ 25000 or 20% ( 20 % ) of their annual compensation for the purchase of stock . the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period . as of may 31 , 2013 , 1.0 million shares had been issued under this plan , with 1.4 million shares reserved for future issuance . we recognized compensation expense for the plan of $ 0.5 million in the years ended may 31 , 2013 , 2012 and 2011 . the weighted average grant-date fair value of each designated share purchased under this plan during the years ended may 31 , 2013 , 2012 and 2011 was $ 6 , $ 7 and $ 6 , respectively , which represents the fair value of the 15% ( 15 % ) discount . stock options stock options are granted at 100% ( 100 % ) of fair market value on the date of grant and have 10-year terms . stock options granted vest one year after the date of grant in 25% ( 25 % ) increments over a four year period . the plans provide for accelerated vesting under certain conditions . there were no options granted under the plans during the years ended may 31 , 2013 and may 31 , 2012. .

Question: what is the total fair value of the granted shares in 2013 , ( in thousands ) ?
Program: multiply(561, 44)
Answer: 24684.0
stock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on december 31 , 2011 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index december 31 , december 29 , december 28 , january 3 , january 2 , december 31 .

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company/index | december 31 2011 | december 29 2012 | december 28 2013 | january 3 2015 | january 2 2016 | december 31 2016
----------|----------|----------|----------|----------|----------|----------
advance auto parts | $ 100.00 | $ 102.87 | $ 158.46 | $ 228.88 | $ 217.49 | $ 244.64
s&p 500 index | 100.00 | 114.07 | 152.98 | 174.56 | 177.01 | 198.18
s&p retail index | 100.00 | 122.23 | 178.55 | 196.06 | 245.31 | 256.69
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.

Question: what is the rate of return on an investment in s&p500 index from 2015 to 2016?
Program: subtract(177.01, 174.56), divide(#0, 174.56)
Answer: 0.01404
stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc . under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing . the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group . the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc . the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims . many of these companies are also used by our compensation committee for purposes of compensation benchmarking . the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any . the s&p 500 and our peer group are included for comparative purposes only . they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock . s&p 500 quintilesims peer group .

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	5/9/2013	12/31/2013	12/31/2014	12/31/2015	12/31/2016
q	$ 100	$ 110	$ 140	$ 163	$ 181
peer group	$ 100	$ 116	$ 143	$ 151	$ 143
s&p 500	$ 100	$ 114	$ 127	$ 126	$ 138
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item 6 . selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .

Question: what is the return on investment for s&p500 if the investment is sold at the end of year 2014?
Program: subtract(127, 100), divide(#0, 100)
Answer: 0.27
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income increased $ 242.5 million primarily due to a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts , which resulted in a $ 422 million income tax benefit . the net income effect was partially offset by a $ 199 million regulatory charge , which reduced net revenue , because a portion of the benefit will be shared with customers . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . 2010 compared to 2009 net income decreased slightly by $ 1.4 million primarily due to higher other operation and maintenance expenses , a higher effective income tax rate , and higher interest expense , almost entirely offset by higher net revenue . net revenue 2011 compared to 2010 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 2011 to 2010 . amount ( in millions ) .

 | amount ( in millions )
2010 net revenue | $ 1043.7
mark-to-market tax settlement sharing | -195.9 ( 195.9 )
retail electric price | 32.5
volume/weather | 11.6
other | -5.7 ( 5.7 )
2011 net revenue | $ 886.2

the mark-to-market tax settlement sharing variance results from a regulatory charge because a portion of the benefits of a settlement with the irs related to the mark-to-market income tax treatment of power purchase contracts will be shared with customers , slightly offset by the amortization of a portion of that charge beginning in october 2011 . see notes 3 and 8 to the financial statements for additional discussion of the settlement and benefit sharing . the retail electric price variance is primarily due to a formula rate plan increase effective may 2011 . see note 2 to the financial statements for discussion of the formula rate plan increase. .

Question: what was the percent of the change in the net revenue from 2010 to 2011
Program: subtract(886.2, 1043.7), divide(#0, 1043.7)
Answer: -0.15091
item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: .

calendar year: | pre-tax catastrophe losses
----------|----------
( dollars in millions ) | 
2017 | $ 1472.6
2016 | 301.2
2015 | 53.8
2014 | 56.3
2013 | 194.0

our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .

Question: what was the average pre-tax catastrophe losses from 2013 to 2017
Program: add(194.0, 56.3), add(#0, 53.8), add(#1, 301.2), add(#2, 1472.6), add(#3, const_5), divide(#4, const_2)
Answer: 1041.45
performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2007 through december 31 , 2012 , when the closing price of our common stock was $ 16.66 . the graph assumes investments of $ 100 on december 31 , 2007 in our common stock and in each of the three indices and the reinvestment of dividends . performance graph 2007 2008 2009 2010 2011 2012 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2007 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. .

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• , 2008, 2009, 2010, 2011, 2012
• masco, $ 55.78, $ 71.52, $ 67.12, $ 52.15, $ 92.49
• s&p 500 index, $ 63.45, $ 79.90, $ 91.74, $ 93.67, $ 108.55
• s&p industrials index, $ 60.60, $ 72.83, $ 92.04, $ 91.50, $ 105.47
• s&p consumer durables & apparel index, $ 66.43, $ 90.54, $ 118.19, $ 127.31, $ 154.72
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in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise . at december 31 , 2012 , we had remaining authorization to repurchase up to 24 million shares . during the first quarter of 2012 , we repurchased and retired one million shares of our common stock , for cash aggregating $ 8 million to offset the dilutive impact of the 2012 grant of one million shares of long-term stock awards . we have not purchased any shares since march 2012. .

Question: what was the percent of the increase in the performance of the s&p 500 index from 2008 to 2009
Program: subtract(79.90, 63.45), divide(#0, 63.45)
Answer: 0.25926
intangible asset amortization expense amounted to $ 12 million , $ 4 million and $ 4 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . estimated amortization expense for the next five years subsequent to december 31 , 2018 is as follows: .

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Row 1: , amount
Row 2: 2019, $ 15
Row 3: 2020, 13
Row 4: 2021, 11
Row 5: 2022, 10
Row 6: 2023, 7
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note 9 : shareholders 2019 equity common stock under the dividend reinvestment and direct stock purchase plan ( the 201cdrip 201d ) , shareholders may reinvest cash dividends and purchase additional company common stock , up to certain limits , through the plan administrator without commission fees . shares purchased by participants through the drip may be newly issued shares , treasury shares , or at the company 2019s election , shares purchased by the plan administrator in the open market or in privately negotiated transactions . purchases generally will be made and credited to drip accounts once each week . as of december 31 , 2018 , there were approximately 4.2 million shares available for future issuance under the drip . anti-dilutive stock repurchase program in february 2015 , the company 2019s board of directors authorized an anti-dilutive stock repurchase program , which allowed the company to purchase up to 10 million shares of its outstanding common stock over an unrestricted period of time . the company repurchased 0.6 million shares and 0.7 million shares of common stock in the open market at an aggregate cost of $ 45 million and $ 54 million under this program for the years ended december 31 , 2018 and 2017 , respectively . as of december 31 , 2018 , there were 5.5 million shares of common stock available for purchase under the program. .

Question: at what price per share did awk repurchase its shares of common stock in 2017?
Program: divide(54, 0.7)
Answer: 77.14286
bhge 2017 form 10-k | 29 the rig counts are summarized in the table below as averages for each of the periods indicated. .

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• , 2017, 2016, 2015
• north america, 1082, 642, 1178
• international, 948, 956, 1168
• worldwide, 2030, 1598, 2346
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2017 compared to 2016 overall the rig count was 2030 in 2017 , an increase of 27% ( 27 % ) as compared to 2016 due primarily to north american activity . the rig count in north america increased 69% ( 69 % ) in 2017 compared to 2016 . internationally , the rig count decreased 1% ( 1 % ) in 2017 as compared to the same period last year . within north america , the increase was primarily driven by the land rig count , which was up 72% ( 72 % ) , partially offset by a decrease in the offshore rig count of 16% ( 16 % ) . internationally , the rig count decrease was driven primarily by decreases in latin america of 7% ( 7 % ) , the europe region and africa region , which were down by 4% ( 4 % ) and 2% ( 2 % ) , respectively , partially offset by the asia-pacific region , which was up 8% ( 8 % ) . 2016 compared to 2015 overall the rig count was 1598 in 2016 , a decrease of 32% ( 32 % ) as compared to 2015 due primarily to north american activity . the rig count in north america decreased 46% ( 46 % ) in 2016 compared to 2015 . internationally , the rig count decreased 18% ( 18 % ) in 2016 compared to 2015 . within north america , the decrease was primarily driven by a 44% ( 44 % ) decline in oil-directed rigs . the natural gas- directed rig count in north america declined 50% ( 50 % ) in 2016 as natural gas well productivity improved . internationally , the rig count decrease was driven primarily by decreases in latin america , which was down 38% ( 38 % ) , the africa region , which was down 20% ( 20 % ) , and the europe region and asia-pacific region , which were down 18% ( 18 % ) and 15% ( 15 % ) , respectively . key performance indicators ( millions ) product services and backlog of product services our consolidated and combined statement of income ( loss ) displays sales and costs of sales in accordance with sec regulations under which "goods" is required to include all sales of tangible products and "services" must include all other sales , including other service activities . for the amounts shown below , we distinguish between "equipment" and "product services" , where product services refer to sales under product services agreements , including sales of both goods ( such as spare parts and equipment upgrades ) and related services ( such as monitoring , maintenance and repairs ) , which is an important part of its operations . we refer to "product services" simply as "services" within the business environment section of management's discussion and analysis . backlog is defined as unfilled customer orders for products and services believed to be firm . for product services , an amount is included for the expected life of the contract. .

Question: what portion of the rig counts is related to north america in 2016?
Program: divide(642, 1598)
Answer: 0.40175
jpmorgan chase & co./2015 annual report 67 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of 24 leading national money center and regional banks and thrifts . the s&p financial index is an index of 87 financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2010 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2010 2011 2012 2013 2014 2015 .

december 31 ( in dollars ), 2010, 2011, 2012, 2013, 2014, 2015
jpmorgan chase, $ 100.00, $ 80.03, $ 108.98, $ 148.98, $ 163.71, $ 177.40
kbw bank index, 100.00, 76.82, 102.19, 140.77, 153.96, 154.71
s&p financial index, 100.00, 82.94, 106.78, 144.79, 166.76, 164.15
s&p 500 index, 100.00, 102.11, 118.44, 156.78, 178.22, 180.67

december 31 , ( in dollars ) .

Question: based on the review of the simultaneous investments in pmorgan chase common stock in various indices what was the ratio of the performance in the jpmorgan chase to kbw bank index in 2015
Program: divide(177.40, 154.71)
Answer: 1.14666